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1  Other / Politics & Society / Politics and Investment on: June 11, 2022, 01:48:43 PM
For a long time, I understand and can explain politics by a simple definition as a means of sharing scarce resources and I think this explanation in humility and honesty is not far from what politics is. At every point, you need some constituent that either elect or receive something for a larger or smaller group, this is the light of means of sharing scarce resources amidst dialogue, compromise (including bribery), lobby and other terms to arrive at the point to share, represent or and receive. In other words, some people called politicians (That is the actors of politics) have not done any other tangible or known jobs that is not "politicking". To those actors politics is seen as investment that they do and they stake out money like gambling or trading with the hope to get more in return and they would do anything to ensure that money staked , "invested" does not go without a return. Typical idea of investment.

I don't know if in other countinent of the world whether the above view of politics is same there but this is typical of modern day African politics with Nigeria as an example. The Nigerian political system is saturated with deep pockets politics and money bags parading in corridor of power. This is the reason that a ruling political party president form for indication of interest to run as candidate of the party is sold for #100,000,000, equivalent of $167,000. The form was bought by 23 candidates. I guess you can do the mathematical calculation to know how much that accrues to. Further to it, out of the 23 that bought the form , 10 were screened out of the contest (of course the money is non refundable).

Consequently, 13 candidates were approved for the contest but at the eve of the primaries, the need to step down interest to run arose and there began the intrigues of politics, the bribes, the lobby and promises and cajoling to outsmart some with money in return for form bought and appointments in future. This is the situation of Nigerian politics and the just concluded party primaries heading for the election in 2023.

The question is with these kind of situation of deep pocket politics where people see it as investment to indicate interest in purchase of forms and later stepping down to get an additional benefit like an investment, what do you think ?
2  Economy / Economics / CBN to stop circulation of Naira note on: May 21, 2022, 11:17:59 AM




Naira notes will be out of circulation soon, says CBN official

IMO I think this is double standard for Nigerian government. What is the major difference between bitcoin and CBDC if not that governments in the world that preach hate for bitcoin only want to have control and monitor the people's transaction through their regulation.

If the Nigerian government push people into e-naira while they are stopping "bitcoin trading" and banks connected accounts, they are invariably speaking with both sides of the mouth
3  Other / Beginners & Help / Make your plans and follow it, the year has started running already on: January 10, 2022, 12:50:40 PM
Today is the 10th day of January of the much awaited 2022, haha. It has started running already.

I may be correct to say some people made resolutions to stop certain things they have been doing in the past like some habits that they have tried hard to change while some have made plans to do new things or do things they have done in the past a little bit different now, that is to do things in a new way.

Alright my concern really is on the financial aspect. There are people who are waiting for this year to show face because they had resolved to start investing in cryptocurrency or to increase the level of their investment. This is to remind us about those determination that burnt in your heart during the tail on of last year, you couldn't wait for this year to appear and fortunately for you and all of us, the year is gloriously in our faces. So what are you doing already ?

Advise: Don't go on with the procrastination of last year and the years that have past. The time is now. It is time to work for that goal you resolved to achieve, those coins you wanted to buy and the ones you want to DYOR.

Don't sweep those plans of yours under the carpet. Get fired up to achieve this year. I wish all the best out of this year
4  Economy / Trading Discussion / You don't need to hodl a particular coin all your life on: December 24, 2021, 11:41:49 AM
How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear  Grin
5  Other / Politics & Society / Another great Nigerian in the making on: October 30, 2021, 06:25:19 AM


The son of the World Trade Organisation (WTO) Director General, Dr Ngozi Okonjo-Iweala has broken a medical record of successfully performing navigated Lumber spinal fusion using a robot surgery.

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On Thursday, the WTO boss announced that her son was one of the first spinal surgeons in Maryland to perform a successful navigated lumbar spinal fusion using a robot.

Dr Uchechi Iweala breaks medical record in US



This is a great news for Nigeria and a huge success for the surgeon in his career. Nigeria has been known for performing excellently in foreign land despite her challenges at home because of imbalance in political ideology.
6  Other / Off-topic / Facebook Plan To Rebrand Name To Meta on: October 28, 2021, 08:01:55 PM


Facebook Rebrands Name To Meta



There are feeling from critics of Facebook that the name changing is made out of hiding from public criticism. Do you think this planned rebranding will change anything on the PR crisis or is going to remain despite the name changing ?
7  Economy / Trading Discussion / Nigeria to finally launch Enaira today on: October 25, 2021, 07:31:20 AM
After the delay because of 61st independence anniversary


This news of launch of the Enaira has been coming but delayed because of one logistics or another and the anniversary celebration but now it is getting to be launched by the CBN. This is suppose to reduce the pressure on fiat and make the naira easily accessible on the digital space meaning anybody from whatever planet can easily make transaction on the naira home and abroad.
How do you see this launch and how do you think it will impact on the Nigerian economic especially as it is going to help create easy payment platform.

negative or positive
8  Economy / Economics / Elon musk now the richest man in earth on: October 16, 2021, 05:04:00 PM
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Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.





Can he sustain it for how long?

My question is can Elon musk sustain this new found financial spot for how long? We have seen bill gate coming back to this spot from time to time and occupying it for a longer time. Now that Elon musk is said being the richest in the world , is he going to keep to this status longer or we are yet going to hear another story of selling off assets because Elon musk is now known as a public stage man Grin Roll Eyes So what do you think?
9  Other / Beginners & Help / I don't know if this will still help us to recover lost passwords and our coins on: September 12, 2021, 01:23:15 PM
Quote
Charlie and Chris Brooks run Crypto Asset Recovery, a small business in New Hampshire.
They have helped to recover some amount of lost passwords and coins.

Reading further, the Crypto Asset Recovery site made mention of bitcointalk.org to my amazement and I was glad to see that a thread in 2011 was linked to it on the site called Nakamoto's Forum and undoubtedly; that is here, this wonderful forum with lots of opportunities.
This is the thread titled: Let's add up the KNOWN lost bitcoins

Excerpts from the site

Quote
For Chris and Charlie Brooks, finding lost passwords to cryptocurrency wallets requires figuring out how their clients' minds work - and that effort can help their customers retrieve a slice of what the pair estimates is about $4.7 billion worth of recoverable bitcoin stranded in locked wallets.

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The Brookses narrowed it all down to 72 posts that described the loss of at least half of a bitcoin. They determined that 14% are potentially recoverable cases and that from their own work in recovering wallets for clients, they can decrypt about 35% of passwords. That led to their conclusion that about 2.45% of lost bitcoin is retrievable. With a range between 68,110 and 92,855 bitcoins, that would make up to $4.7 billion in bitcoin recoverable based on the asset's price of about $50,372 on Friday.

Quote
One of our most recent cracks had about $250,000," in a blockchain wallet, said Charlie, who majored in computer science in college. He's put school aside for now to work at the business. "This is something I've always liked. I would follow along with my dad ... Online treasure hunting, it seemed really cool

Quote
We get as good a list of passwords as we can from a client and then we put our heads together and spend some time extrapolating the way that they make their passwords and try to get in their mind when they are actually creating a password," said Charlie. "That's the most helpful thing, just seeing their practice," he said. "That's the cornerstone of our business, essentially."
The duo will run "hundreds of millions or billions of variations" of password patterns and test those against the encrypted version of the wallet, said Chris.
"If you don't have a very good [password] guess, there are more possible passwords than there are atoms in the universe, and I'm not being facetious when I say that," Chris said.

I also think sometimes when we lose our passwards we can do a near guess of it from our bunch of passwards or stuff close to that and that has been one of the secret of the duo father and son.

I don't know if this particular link was on the above thread HERE

Lets see if this will help anybody , thanks
10  Economy / Trading Discussion / A pharmacist turned blockchain entrepreneur on: September 11, 2021, 04:59:04 PM
I stumbled on this site that was talking about Bitmama and I got interested and read through to understand what that was all about. She is a Nigerian who have found love with blockchain and hence left her profession to "wear the clothes" of her passion. Of course I hope we understand that there is difference between profession and passion...



https://www.crunchbase.com/organization/bitmama-a019

Quote
people assumed I was an elderly woman. So they started calling me ‘Bitmama’ — a combination of bitcoin and mama — and the name stuck.







Read the full interview of Ruth Iselema
11  Economy / Economics / Covid-19 vaccination becoming a criteria to live in the world on: September 11, 2021, 12:01:53 PM
I now see a situation that the world is changing and is coming to a level where if you don't have a covid-19 vaccination clearence or means to verify that you have been vaccinated or have received the latest jab of the vaccine, you won't be allowed to buy or sell. I had in my mind that face mask was going to play this "devil's advocate" but no, the vaccination is getting serious with huge restrictions and therefore looking like it is the devil's advocate.

Apart from the many countries that have been making public statement about the need and compulsory nature of taking the vaccine, I heard in the news barely 24 hours ago about America making it mandatory for big company owners to be vaccinated and show a prove of vaccination of their employees. This is more serious with America taking such steps to ensure compliance , more countries will follow this direction and gradually it will get to smaller businesses, SMEs and then to restrictions on entering banks, malls, fuels stations and etc which will replace face mask. Covid-19 Vaccination is becoming a serious phenomenon and even in Africa and Nigeria, it has started gaining grounds even as the doubt of its existence or and severity is still in doubt from larger percentage of the population.
12  Economy / Economics / What could make a hacker return stolen $600m crypto on: August 28, 2021, 10:47:04 PM
A hacker return stolen crypto

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But was the thief a good samaritan who stole the money to expose a dangerous security flaw

Quote
"I am not very interested in money!” the hacker wrote, adding it was “always the plan” to return the funds.

How can that happen that a hacker does that I return the stolen crypto and say he is not interested in money. This is funny K can say that. What do you think about this story.
13  Economy / Economics / Nigeria leads sub-Saharan Africa’s P2P bitcoin trade on: August 25, 2021, 01:46:13 PM
Quote
Since the Central Bank of Nigeria banned cryptocurrency in Nigeria in February, P2P trading has surged in the country.



It is evident with the speed of Nigeria youths getting more attracted on online businesses, bitcoin trading is one sure angle to look into for investment with the rate of volatility. Nigeria is therefore increasing in bitcoin popularity which P2P is relied on heavily for transaction because of the CBN on accounts connected to banks and cryptocurrency exchanges. This is having more positive outlook for the bitcoin crypto economy.

Link here

14  Economy / Economics / EFCC launches app for online reporting of economic crimes called "Eagle Eye" on: July 15, 2021, 07:03:59 AM
Nigeria may be getting the fight to curtail the spate of curruption in the system as Economic And Financial Crimes Commission (EFCC) launches a mobile app yesterday Wednesday (13/7/21) to help in the reportage of financial crimes.



Quote
According to a statement, Apart from complementing the existing channels for reporting economic crimes, the unique advantage of this application, the EFCC Chairman further explained, is that it eliminates direct person-to-person interface in the reporting process and guarantees anonymity which is an added incentive to effective whistleblowing.

Quote
Bawa was also quoted as saying, With the app, those who hitherto were afraid to report corruption cases to the Commission either for fear of being identified by the culprits or having their identities revealed, can now do so with the assurance of full anonymity.

EFCC LAUNCHES APP


When you put a young mind in an office, he is likely to be proactive and innovative to meet up with the current realities of the world. IMO opinion I think is a laudable innovation because Nigerians don't feel secured to report corruptions going on in their different offices to avoid being victimised in the offices but the opportunity has now been presented with the app that can also be utilised by anybody with proper information on corruption and not fake information.

Mr. Abdulrasheed Bawa who is 40 years has been trying to redirect the focus of EFCC with the app called Eagle Eye and can be downloaded from Apple or Google Play Store.

However, hope he won't go in the way of his predecessor, Ibrahim Magu
15  Economy / Speculation / Zugacoin launched the First Blockchain Main Net in Africa on: July 08, 2021, 02:39:49 PM
Zugacoin, the first Cryptocurrency in Africa, officially unveiled on the 1st of December 2020, the coin which is aimed at rebuilding Africa’s dying economy by becoming Africa’s first coin in equity and investment funding for Africa’s government has been able to launch First Blockchain Main Net in Africa.


It was successfully launched by the first professor of Digital Economy in the world – Archbishop Sam Zuga (on July 7th, 2021). The project is really going to bring Africa and Nigeria into the mainstream of digital marketing and economy plus cryptography. This surely will showcase that Africa and Nigeria are in line with freedom and on the struggle to better human living in global.

www.vanguardngr.com


It is Ranked Number : 3267

Price: $38.45

What do you think about Zugacoin ?
16  Bitcoin / Bitcoin Discussion / Banks to allow customers the option of hodling, selling and buying bitcoin on: June 26, 2021, 10:44:06 AM
The possibilities of higher adoption is coming faster than we expect. I believe the banking sector is beginning high level consideration of having bitcoin as a financial too in their platforms and this is going to create more growth in demand for bitcoin. Obviously the price too will begin to soar.


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In addition to enabling banks to allow their customers to buy, sell and hold bitcoin within their bank accounts, Finserv and NYDIG are “working toward implementing additional functionality, including the ability for banks to implement bitcoin-based rewards programs,” the announcement notes

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Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial institution clients.

https://news.bitcoin.com/10000-financial-institutions-customers-buy-sell-hold-bitcoin-bank-accounts/

What views do you have on this?
17  Economy / Trading Discussion / Excessive stimulus and devaluation of dollar gave bitcoin and gold their appeal on: June 21, 2021, 06:34:53 AM
Robert Kiyosaki has predicted that bitcoin is bullish on a longtime but at the present, a little more fall to $24k. He is encouraging more buy and hodl for long...

Kayosaki prediction



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He said in April this year that the price of BTC will reach $1.2 million in five years, noting that money printing by the government, excessive stimulus, and the devaluation of the U.S. dollar have given bitcoin and gold their appeal.

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When price hits $27,000, I may start buying again. Lot will depend upon global-macro environment.” He emphasized: “Remember the problem is not gold, silver, or bitcoin. Problems are the incompetents in government, Fed & Wall Street

I think I also follow this view because of the halving that is going to come around 2024 and more institutional investors plus countries that are beginning to consider the adoption of bitcoin.

18  Economy / Economics / Trump regrets not banning twitter as he hails Nigerian government for doing so on: June 09, 2021, 07:53:20 AM
Quote
“Congratulations to the country of Nigeria, who just banned Twitter because they banned their President,”

Quote
“More COUNTRIES should ban Twitter and Facebook for not allowing free and open speech — all voices should be heard. In the meantime, competitors will emerge and take hold. Who are they to dictate good and evil if they themselves are evil? Perhaps
I should have done it while I was President.


The twitter ban in Nigeria gets more hit across board, from social groups, lawyers and human rights groups to house of representatives summoning the minister of information "to know the processes to the reason" for twitter ban (though the summon coming late with more 10 days gap for investigation by committee).    You can read here

As to the House of Representatives summon, it is actually laughable that the representative house would still be seeking the reason for the ban or what transpired even when a common man on the street that is in line with internet and social media knows exactly what happened, now the house is still going to allow 10 days window for "what not investigation". This means the 10 days means continued ban, job losses, businesses folding cum furtherance of untold poverty and hardship.



Now Trump has come up with his public stunt of lauding the Nigerian government for such abysmal action of continuing muffling of Nigerian voice, freedom of speech and expression all enshrined in the constitution and several charters including UN.

I believe that Trump's ban by Twitter last year after instigating the violent invasion of the U.S. Capitol may be a contributing reason for such speech.
19  Economy / Economics / Twitter ban, koo opens up. How will this play in Nigeriann business environment on: June 06, 2021, 09:56:08 PM
On Wednesday 2 of June, the Nigerian President made a tweet which many people consider to be threat to genocide and this led to the deleting of the tweet on Friday by Twitter. To Twitter such post violates its “abusive behavior” policy and that led to deleting the post.

Such post by the president was seen as reminding the southeasterns in Nigeria  the anguish of the civil war between the Nigerian government (which president buhari was a commander) , and Biafra where about 3 million souls of the southeasterns were lost in 1967-70.

This is the content of theTweet

Quote
“Many of those misbehaving today are too young to be aware of the destruction and loss of lives that occurred during the Nigerian Civil War,” he wrote in the now-deleted post. Those “who went through the war, will treat them in the language they understand.”

IMO , the tweet isn't really addressing the issue why the group is agitating but it is rather a reminder of the gruesome killings of the souls in the region.

So what do you think about the president tweet and the action of twitter to pull down the tweet which has resulted into consequent banning of twitter in Nigeria.

 Although can be accessed through VPN.

Now, a new blog.  Koo has opened in Nigeria to replace tweeter shortly after it was ban. What do you think the financial losses will go ? Though banning of tweeter is a threat to freedom of speech and association and some legal bodies have petitioned the Nigerian government in ECOWAS
20  Alternate cryptocurrencies / Altcoin Discussion / American convenience store chain now accepts btc, etc, litecoin dogecoin payment on: May 30, 2021, 10:53:42 AM
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Cryptocurrencies that will be accepted by the convenience store chain include Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dogecoin (DOGE), among others.

America keeps growing in the list of countries that have adopted cryptocurrency. It is more open to freedom to living and every aspect that will guarantee comfort.

My focus however is dogecoin that is also now added in the list of cryptocurrencies. Dogecoin to some looks like a new comer in cryptocurrencies but it has been around and just recently gaining some recognition and importance even when some crypto family have not given the coin chance, it has done great in light of those critism as we know.

So particularly about dogecoin, what do you guys think can happen to dogecoin if it continues getting this kind of listing in crypto payment.

cointelegraph
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