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21  Bitcoin / Bitcoin Discussion / How Bitcoin transaction process on: May 24, 2023, 03:43:17 PM
I was researching on bitcoins transaction process and how Bitcoin transaction work's with miners, because I heard a lot of people complained of Blockchain technology and it's transaction confirmation issues and I began to compare lightning Network with Bitcoin with their different process of transactions. So my findings bitcoin and lightning nextwork process differently.

Quote
On Lightning, the funding transaction spends some Bitcoin UTXO, creating a multisignature UTXO to open the channel. Once the bitcoin is locked within that channel, portions of it can be sent back and forth within the channel, without the need to create any change. This is because the channel partners simply update the channel balance and only create a new UTXO when the channel is eventually closed using the channel closing transaction.

Quote
 Mining Fees Versus Routing Fees
On the Bitcoin network, users pay fees to miners to have their transactions included in a block. These fees are paid to the miner who mines that particular block. The amount of the fee is based on the size of the transaction in bytes that the transaction is using in a block, as well as how quickly the user wants that transaction mined. Because miners will typically mine the most profitable transactions first, a user who wants their transaction mined immediately will pay a higher fee per byte, while a user who is not in a hurry will pay a lower fee per byte.

On the Lightning Network, users pay fees to other (intermediary node) users to route payments through their channels. To route a payment, an intermediary node will have to move funds in two or more channels they own, as well as transmit the data for the sender’s payment.Mining Fees Versus Routing Fees
On the Bitcoin network, users pay fees to miners to have their transactions included in a block. These fees are paid to the miner who mines that particular block. The amount of the fee is based on the size of the transaction in bytes that the transaction is using in a block, as well as how quickly the user wants that transaction mined. Because miners will typically mine the most profitable transactions first, a user who wants their transaction mined immediately will pay a higher fee per byte, while a user who is not in a hurry will pay a lower fee per byte.

On the Lightning Network, users pay fees to other (intermediary node) users to route payments through their channels. To route a payment, an intermediary node will have to move funds in two or more channels they own, as well as transmit the data for the sender’s payment.

https://github.com/lnbook/lnbook/blob/develop/03_how_ln_works.asciidoc#comparison-with-bitcoin

22  Other / Meta / Crimes of signatures campaign affects forum? on: May 21, 2023, 03:12:43 PM
I have taught of this seriously and I began to have a biased concern to bitcointalk if any signatures campaigns in bitcointalk can affects the existence of bitcointalk if they commit a crime that leads to government investigations. Secondly do we believe that bitcointalk can  be obstructed by government if their is a noticeable crime by the management? From my understanding it seems to me that bitcoin existence is different from the bitcointalk forum and without the existence of bitcointalk forum bitcoin will continue existing, what's your take on this.
This idea came to me through what happened to the site of bitcointalk few days ago which I couldn't logins my account for sometimes, I wasn't happy when the incident occur. Please I asked this few questions because I want to know what I don't know, and if my question is not ideal please don't crucify me.
23  Bitcoin / Bitcoin Discussion / Willing my bitcoin to my children on: May 16, 2023, 08:13:59 AM
Investment with bitcoin is good but it have a disadvantages when death occur, bitcoin is not a property which your children can inherits like other properties that is mark able, I notice that with all the I have being investing in bitcoin if mistakenly I return to my maker without by children knowing my bitcoin wallet security password, that means that my bitcoin will remain in my wallet till eternity, this gives me a nightmare, my kids are three and I want to have different wallet of bitcoin and WILL my bitcoin to them with the password of each of the wallet. Because my investment in bitcoin I will make sure that they have know bitcoin because of the wallets I will issue to them, because if they are not willing to learn bitcoin I can't force them to learn and understand bitcoin, but when I'm no more the will know the important of knowing the basic of bitcoin,  but I'm not planning to die now, but we don't what tomorrow will result out in the future.
24  Other / Beginners & Help / The joys of congratulations on: May 11, 2023, 11:19:34 PM
I'm glad to congratulate myself for ranking up with two Bitcoin gold as symbols having possessing the rank of member, When I started this journey I thought that I will not get to this certain rank because I was discouraged with some comments of criticism in my thread but I was determined to continue the race because I have desire to learn and understand bitcoin through bitcointalk, my determination motivated me to read other people comment's and I told myself that i will reach to the position of member rank one day, and today I became a member.
What I noticed in this forum is that, it's all about determination and desires but not all about desperation, and secondly I think that consistent research is one of the keys that keeps users moving forward and not to be backslide in anything concerning Bitcoin.

When I registered in bitcointalk I don't know too well concerning forum and bitcoin, but with the help of forum I'm able to know some of the wallets that's good for bitcoin storage and some valuable altcoin that's good for investment, so without forum I won't have known altcoin as sub bitcoin and electrum wallet as a good wallet, assuming I have not found myself in bitcointalk forum i won't have known all these today. I want to openly say that I'm grateful for been a member of bitcointalk and also founding myself in the mixed of people who embrace bitcoin and also discuss the positivity of bitcoin. I have noticed that many other people obtain the knowledge of Bitcoin through bitcointalk forum, I use this opportunity to thank everyone for a link shared for me to update me with the goodies of forum.

Should Incase I'm wrong for posting how excited I'm for reach member position, you can direct me where to celebrate my rank.
25  Economy / Scam Accusations / Avoid Ponzi/Ponzi scheme is a scam on: May 06, 2023, 12:32:30 AM
Be aware of GMG website, should Incase kind of website will be close to your country, this site is a ponzi scam website where you will be asked to invest with the them, some days a go some people who invested with site because of a skirt Maker who promoted the site and many people thought with the skirt Maker who is promoting the GMG website that the site will be legit. So I'm of the opinion that we should avoid ponzi scheme and also make sure we make a research properly before investing in a newly created website. To inform you very well the website has crashed and people who invested their money, all are lost. Let everyone be careful for investment.




https://www.nairaland.com/7675996/ponzi-scheme-gmg-finally-crashed
26  Other / Politics & Society / Politicians can't be trusted. on: May 05, 2023, 03:33:16 PM
One day I followed my uncle is a politician to meeting, they could not allowed us to seat exactly where meeting was taking place, because other politician came with their drivers, what I'm telling you is life story, when the meeting started we were hearing different contributions from different person, because it's during election period, after the meeting food and other times was saved to aid's who came with them,
But one stronger politician drive could not accept it found and I became furious because of he rejected the food, I did same thing when the reached to my turn, I rejected the food.

Other people who came with their boss eat the food, do you know that since that day we that came with different politicians have not meet with each other and personally myself don't go a political meeting with my uncle everytime and that day was my first time going out for political meeting with him, suddenly I went to shopping I meet with the strong politician drive, i could not recognize him, i never knew he was looking at me until he called me, from the process of greeting he passed information to me that do I know that those guys that eat the food all have died, I asked him if what caused the death is the food or any other thing, he said that it's because of the food that his boss sacked him because of he rejected the food, i asked him again how of those drivers is alive, he said none is living today, I was shocked, I began to think for something that has for some months ago, is it how have die for something I don't know.

I not asked my uncle and since that day am still in cooperation with my uncle.

Politicians can not be trusted, i don't if the guy I meet who give me information is saying reality or it's information he is using to blackmail me or not, what's your take in this information, do we need to trust politicians.
27  Economy / Economics / Imagination and reality on: May 05, 2023, 08:06:26 AM
Every day I think almost twice a day and I began to ask myself if imagination can be real? At first I will be having the mindset of positive thinking and sometimes I see those thoughts as negative one, one day I seat alone and began to ask myself that what is the way people who made money and who are firm started their life and what role did this people play before they make money, if I should follow the method some people can I arrive to same point with them, and after sometime my instinct derive me to another point by saying not everyone will scale true through one root, do you know that I'm devastated concerning investing sufficiently in cryptocurrency or using fiat currency to invest in something that will continue to give me fiat. Already I have other investment's but I'm pushing in a direction that will give me more fund's so that I will not deviate to get what I want. Can imagination of thinking big come pass. Theirs one edge we use in my area, cut your Coat according to your size. meaning, do things in a way it will not affect you or bother you.

If here is not the rightful place to post this, mod can help to place it to the appropriate place.
28  Bitcoin / Bitcoin Discussion / Gas station payment with bitcoin. on: April 19, 2023, 10:24:31 PM
I establish a mini (unity gas station) in my environment, And I feel that since am into bitcoin I can use this part to make bitcoin to be known in my area by implementing two systems of payment in my gas filling station, ( fiat and bitcoin) do you know that some youths who knows about bitcoin is interested to make payment with bitcoin and people who doesn't what's bitcoin began to ask of the meaning of bitcoin, and answers has been given to them base on my understanding in bitcoin.
So many of my customers and youths mostly is interested to make payment with bitcoin, I want to know bitcoin wallet that will be nice for receiving payment with bitcoin that will be safe for this business payment.
29  Economy / Economics / Without government job we can survive on: April 08, 2023, 01:10:43 PM
Let us be realistic to ourselves, is good to extreme to wait for government to make provision of every in a country, sometimes when we graduate from higher colleges we expected government to create employment opportunities but in some points government keep adamant of making employment be visible and available to the mass,  on my instinct I said without government employment man can survive, I started a popcorn 🍿 business which I managed alone but right now have workers under me which I'm paying and now planning to establish another business.
30  Economy / Trading Discussion / Trading have concepts on: April 08, 2023, 12:59:24 PM
I tried to figure out that in trading the concept are not only in one aspect but it's base on your description of understanding trading, many more follows people methods of trading to arrive to same point, one thing I noticed in trading is that it's a skill that every one is up to have base on it discovery step to make it own profits. And I trading some of us causes the problem that arises during course of lost, greediness and anticipation of making more profit is the major caused of losing in trading. Three days ago I was with friends where we are blaming each other because  of mistakes, we contributed money to invest into crude oil business, the first supply of crude oil the company we supply to, we made a good profit and second supply we made a higher profit, for second supply I suggested that we should remove our capitals and move on with our profit we made, but two of my friends insisted that we are going to buy more of the products with all the money I agreed with them for the third supply, on our way going we were diverted by hoodlums and chased out on the vehicle, till date we don't were products is. Its when my friend's realize that greediness is a disease and its a higher risky.
31  Other / Beginners & Help / Possible things that gives beginners problems on: March 26, 2023, 07:47:23 AM
One day I began to think of things that will deprive people's not to participate in the forum and make their posting skills irrelevant, and also cause a permanent ban, when reading the guidelines of the forum through the link sent to me on my previous threads I created, and I recalled that paraphrasing, spamming, plagiarism and scamming.Is the main factor, When I read directly in meta board I noticed their is a thread created because of plagiarism, and I saw some of the appeals made by people, I became shocked. From the observation I note  ;)down the things that may possibly leads beginners into issues.

                             Paraphrasing

Paraphrasing, this have to be avoided for someone who wants to come up with wise ideas since its against the forum. And I note down why people do paraphrase is due to laziness and also claims to make a quality posts, and from what I observed. People who paraphrased do that because they want the claims of using a good grammatical irony for their text composition to claim that they are original author because of qualities posts, It will be impressed that a newbie come up with new ideas than Paraphrasing someone articles, let us try to be avoiding Paraphrasing.

                               Spamming

Spamming, this is basically known that people who commit this crime is people who is making several posts daily in one thread to accumulate their posts within a day or two days to make out twenty to forty posts within the range of one or two days. In meta board some people agitate for deletion of their posts. The result of spamming is deletion of posts due to low quality posts. From observation I note down that what reduces low quality is when you turn spamming as habits and respond to a thread you don't have the ideas of the discussion. Spamming can make your profile irrelevant in contributions.

                                Scamming

Scamming, this in particular is a crime in any nation, so what I understand here is that scamming is a punishable offence in the forum, and a situation the forum notice that your motive to be here is a scam, the account of the user will be damage with red trust. Scam should be avoided because it's one of the things forum forbids, and also be aware of scam.

                                  Plagiarism  

Plagiarism, these are one of the things that get most  people ban in the forum, anyone who avoid plagiarism have long way to go as a beginner, when you go across of plagiarism/copy and paste threads in meta board, most of users reported plagiarised, 60% are newbies. And a plagiarism sometimes is being committed intentional because the users trying to make a quality posts with copyright. What I note down that causes plagiarism is laziness and inability to research before making a post. It will be helpful to be original author of your work than Paraphrasing someone's work or plagiarised someone's article.

It will be helpful if we avoid all these and have our way of drafting something meaningful without be victims of committing crimes.
32  Bitcoin / Bitcoin Technical Support / Difference between Lighting Network and Bitcoin on: March 24, 2023, 07:23:13 PM
I'm worried to know the difference between Lighting Network and Bitcoin, when I saw the Lighting Network issues, I Don't know were to start to differentiate them.
Is Bitcoin a Lighting Network, or Lighting network give rise to Bitcoin transactions or these are two different technology, because this information of bitcoin and Lighting Network is understandable to people know the difference. Please I want to know the difference
33  Bitcoin / Bitcoin Discussion / Bitcoin is an asset. on: March 23, 2023, 03:43:45 PM
It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

But when i discussed the information of Bitcoin with my father and he said if i have seen someone who has benefited in Bitcoin, i responded that i have not seen with my eye anyone that is a Bitcoin beneficiary, but after reading the technology of Bitcoin and i noticed that it's an asset and people do invest on Bitcoin and make profit and i decided to sell part of the portion of my land to invest in Bitcoin for long term.

With the Passion i have on Bitcoin i do think that we are supposed to ensure that people have known what's Bitcoin in our various societies, and i have decided to teach both mother's and father's and youths of Bitcoin after i have understand it very well. The place I'm i don't think five twenty percent knows what's Bitcoin. So i have discovered that Bitcoin is an asset and the information most be shared to my friends who don't about it.
34  Bitcoin / Bitcoin Technical Support / Private increase of Bitcoin mass transaction on: March 11, 2023, 02:09:57 AM
I'm sorry of this question, can we have a private means of making Bitcoin which is already sent to your wallet and it happened to have a delay of confirmation, or to be  bconfirm with your own source except the senders adding More of charges. A friend of mine told me that Bitcoin has been sent to her wallet and since two today it fails to confirm, so can she make it to be confirm faster with application??
35  Other / Beginners & Help / Don't be discourage of Bitcoin on: March 11, 2023, 01:44:01 AM
Since some days i have not be on the forum because of sickness, and yet i have not fully recovered but i had Bitcoin on mind to learn from the forum, when i remember to login i felt tired, And i assured myself that i will continue to learn the procedures of Bitcoin in the forum. I can see that what makes people to be reluctant of pushing the dream is a minor thing. The reason i establish this thread is to encourage people not to backslide for anything they want because obstacle can you to lose focus and it's quit knowledgeable that having determination is most thing that contribute to achievement of goal, and i promise myself that i most know bitcoin and it's investment in the bitcointalk and it's my determination.
36  Other / Beginners & Help / People mindset in Bitcoin on: February 24, 2023, 10:39:45 AM
Some people understand Bitcoin in different specifications, some people out there always think that Bitcoin is the shortcut of getting rich when you invest in Bitcoin, but have not seen Bitcoin as short way of making money, as Bitcoiner, are we not sure that it's encouraging to think that Bitcoin is the shortest way of making money, because i heard people arguing of Bitcoin as as source of liberating people from financial problems but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues. What's your take on these?. I know that what have advantages still have disadvantages, hoping with Bitcoin to survive can cause delay on some of our opportunities,
37  Bitcoin / Bitcoin Discussion / What can Bitcoin afford to buy on: February 24, 2023, 07:20:30 AM
Many people are confused of Bitcoin and mostly mother's having double mindset of what bitcoin can buy. But i wasn't bias on the question because i know that Bitcoin is a digital currency and it can buy things for the country that approve it as a legal tender, and with Bitcoin profit you can buy things for shop's that accepts bitcoin for monetary transaction's. So i want to ask this question generally so that i will have more insight of what bitcoin can buy using Bitcoin without converting to fiat currency before making purchase.
38  Other / Beginners & Help / [My happinesses / what newbies is to know] on: February 17, 2023, 02:53:13 AM
I know people will be wondered why I'm excited and the reason my subject is named ' MY HAPPINESS ' I'm happy because i understand that this forum is all about your desperation and continuity of learning, and i understand from other ways that this forum knowledge is infinity learning since Bitcoin is existing. So my happiness is that i have finally earned a merit and i promised that if i earn a 1 merit i will be glad, now i have earned 16 merits and am so glad. Reference   one of the things that makes people to make good content in posting

Quote
Despite that I'm new and i haven't earn merit, but i believe with research and time i will earn merit, i will be happiest person the day i will earn a merit
i believe that learning and consistent reading is the key of growth for the forum, Many people referred me to read pinned post and i noticed that with pinned post reading will make any newbies to know valuable things of the past, therefore a board i click i do read pinned post's knowing that they are important post's. My newbies mate's don't be discourage of stopping half way, please continue pushing with your personal innovation.

Don't focus on merit, and it'll come. Focus on merit, and you'll be outed for writing for the sake of merit.
this point only made me to know that we don't need to be conscious of anything, and what we need to create our personal innovation which people will follow our style's.


For the newbies to go further, we need to have the following.

1. We need to have courage
2. Be determined
3. Take correction's
4. Read the pinned post's
5. Make quality post's
6. Preview before posting
7. Avoid copy & paste work
8. Be creative

1. we need to have courage
Encouragement will make a newbie to not been backslide, some people has be distracted and fails to continue learning for the forum because of criticizing from people, and if you follow some response of people you will be discouraged, and what we need to Excel is to have courage that you will learn and teach others.

2.Be determined
A determination is the key of everything and is not far from courage, unless someone is not determine and it will devote time to learn from a place where education is free, when i noticed that's lessons of Bitcoin for the forum is free of charge and began to think of the profit of the sites, so if you are determined you will acquire the knowledge of Bitcoin and altcoins for free without charges.

3. Take correction's
From my studies and confirmed that some of my fellow newbies doesn't sometimes accept correction's from the superior ones, and that makes them to run out of the forum without anything. For a newbie and someone who have bitcoin and forum in mind to grow, you most learn have to accept correction, i read some posts in technically board and i noticed one person is into arguments with almost six people in one thread, so began to reason this don't want to agree with the majorities, and that argument results ban in technically board, which the person can't post there. So we need to accept our mistakes if we wants to learn.

4. Read the pinned post's
Reading of pinned post is like reading an organization minutes book, so it will refreshing the reader and insert new old informations that happened in the past, and reading such post is educative, which i will advice any newbies to make sure he/she reads any pinned post across any board's.

5. Make quality post's
A quality post is a post that is understandable and have more facts and it doesn't matter how long and short the post looks like, but what is concerned is the content. I have seen some Post that the content is short and it's meaningful and someone regards it as quality posting. Any body can define what is quality post to the level it understand it.

6. Preview before posting
Previewing should be necessary, because through preview it's the area you can boldly notice your errors of typography, so my mates supposed to know that the easiest way to correct your mistake is through preview of work, and nobody supposed to be exempted from previews of work for skipping of errors.


7. Avoid copy & paste work
Copy and paste work, i find out that it's against the rules and regulations of the forum, after reading the terms and conditions of the forum, don't claim work of someone as original author or paragraphs a work, so we have to avoid this things newbies.

8. Be creative
Creativity is another thing that do help to grow, since i have being reading post's i have not seen were two persons creates one topic, so creativity is what makes people to be known and also have influence to others, creating function that have not been done in the forum is what the forum needs.

I will be glad for people to recommend me Post's to read, because I'm fully ready to learn and also correct me in anywhere my points is not encouraging
39  Bitcoin / Bitcoin Discussion / Does Bitcoin have life span? on: February 09, 2023, 01:59:29 PM
Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.
40  Bitcoin / Project Development / Electronic devices that can detect wrong wallet on: February 09, 2023, 08:32:39 AM
I want to ask if it's possible to create a device that detect wrong wallet address, i dont know such device or bot app is already existing, somebody sent Bitcoin to Bitcoin address given and since a week the person insist of not seeing the coin and not even showing a sign of coin is on process and he complained to me. Having such device that  notice Bitcoin addresses will help bitcoiners.

It's a mistake and it has being corrected to wrong Bitcoin address.
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