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2141  Economy / Exchanges / Re: Coinbase suspended india ? on: April 11, 2022, 06:11:47 PM
If we have binance i dont even see why coinbase ? If binance falls im out of crypto and btc
Binance is a third party and not directly related to Bitcoin, so you shouldn't base your Bitcoin or crypto decision on them.
All centralized exchanges (coinbase and binance included) are prone to hacks and crashes and are dependent on the developers.
Bitcoin operates efficiently without them and if you wish to consider it, there are open source custodian wallets you can use, as well as decentralized P2P exchanges for exchanging Bitcoin, or just directly trade P2P.

• Do not store your funds on a centralized and custodian platform,
• Do not submit your personal details to them either.
2142  Other / Meta / Re: Help end this phase for Nigerians @Theymos on: April 11, 2022, 04:15:02 PM
• The statistic supporting a local board for the Nigerian community have been laid out already and in several posts

• The problem with communicating through a local thread has also been expressed as it reduces the flow of discussions as well as maing it a difficult read,

• The solution to this problem would be a local board with possible child boards which would give more legitimacy to the community, connect more Nigerians on the forum and make it easier for information to be passed around.

I'm also requesting theymos to consider the plea of the members of the Nigerian community for a designated local board.
2143  Bitcoin / Bitcoin Discussion / Re: Bitcoin and DCA w/ Results on: April 10, 2022, 08:28:52 PM
I do not think I have seen a post which compares relatively which DCA technique could be more profitable in terms of aount of bitcoins acquired. If DCAing, j personally would prefer it to be as simplistic as possible, this involved buying a specific amount, at a specific time.
Timing red candles or price drops dives into the area of trading and could be complicated for someone who simply wants to own some bitcoins.

But even better strategy is to just put as much as you can on 1st Jan 2015. And I would say it's the same now - better to make a lump sum investment today than to spread it over years and get less coins.
Some would argue that DCA helps someone who doesn't have a lump sum available to build a structured way to stack up their portfolio.
They could for instance set aside 10% of their earnings every week or month to buy Bitcoin.
It also helps with indecisiveness, as some with money to invest would want to pick their best possible time to buy.
2144  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: April 10, 2022, 04:23:58 PM
In the second half, I wonder what Klopp will anticipate equalizing.
The game is very open and both teams threaten when they go forward with beautiful end to end play.
Getting the first goal in the second half would be very crucial in deciding the game;
• If that goal goes to Manchester City, it could decide the game, creating a deficit that would be difficult t overcome.
• If Liverpool gets the first goal, we are back level and it's anyone's game from then on.

Great game.
2145  Bitcoin / Bitcoin Discussion / Re: 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF 79k bitcoin address. The truth about it? on: April 09, 2022, 08:24:24 PM
Yeah I know the story of dumpster searching. I think he lost the access to wallet and curses his indifference xD
This case is quite different from the guy who inadvertently threw away his hard drive which contained his private key.
This involved 7,500BTC not 79k and happened in 2013, not 2011.

Those bitcoins are almost certainly lost for good as the hard drive would likely be irredeemably damaged by now even if it was found, which is an impossible feat as well.
The current case which the OP is discussing could still b a wallet which someone has access to, so it can't be determined that they are lost.
2146  Other / Beginners & Help / Re: 2FA confusion on: April 09, 2022, 08:12:48 PM
There is one thing I'm trying to catch here, isn't having access to recovery seed neutralised the power of 2FA Authentication?
It essentially does. Seedphrase serves as a fail safe system which you can use to recover your address should you lose other modes of access. Reason why it would be kept secure and possibly duplicated in different locations.

2FA serves more as a means to prevent breaches through your device and is not much recommended cause it involves a bit of centralization
2147  Economy / Economics / Re: Will sanctions force Russia to create a CBDC of its own? on: April 09, 2022, 12:13:25 PM
A digital Ruble living on its own blockchain network would be truly unstoppable. If other countries wanted to bring down Russia's economy, they would need to shut down the entire Internet to become successful (something that's largely impossible). Imagine if the new digital Ruble is launched as a sidechain to the main Bitcoin blockchain. It'll be as secure and censorship-resistant as Bitcoin is, greatly undermining the US Dollar's influence in the mainstream world.
Countries can simply ban Russia's digital blockchain and not interact with it as a way of imposing sanctions, just as some countries have done with Bitcoin. Of course it would be possible to trade it P2P without banks or government intervention, but this would have little effect to the country as majority the trades that boosts economies do not happen covertly, but rather publicly between Nations.

Few weeks ago, Russia requested that E.U Nations purchase their oil in ruble as a way to boost the currency and in turn the economy.
Creating a CBDC would not evade sanctions, it would just be another centralized digital currency.
2148  Local / Nigeria (Naija) / Re: Nigeria (Naija) on: April 08, 2022, 07:24:06 PM
Na this one deh make me shock. Government no fit deny am say them no know who the sponsors of this bandits be. If na any other part of the country this thing deh happen military for don run go there and begin assault innocent citizens. But a whole Kaduna and military presence and equipment yet bandits deh play them scores.
Everything wey dey happen for this country just dey show that the insecurity we dey experience dey sponsored by the state (government).

How else wey terrorism go dey since 2010 or even earlier, and yet there has been no solution to it with all the military force and even support from other countries.
You no fit travel by road or train safely and no he everybody fit afford flight. It's just a failed state at this point.
2149  Bitcoin / Bitcoin Discussion / Re: Bitcoin Has Performed Even More Than Satoshi Expected on: April 08, 2022, 04:30:33 PM
And reading from what Satoshi supposedly said in the image below, it's clear he too wasn't even sure of how far BTC would go or what the price would be, it was all like a gamble in the very beginning, quoting him now...
Quote
it might make sense just to get some IN CASE it catches on
The keyword is in case- in case means unsure.
Example: you are not sure if it will rain, but you still go out with your umbrella just in case it rains.
This could be the link to the mailing list, where the supposed quote was gotten from.

Firstly, you cannot base someone's believe on one quote, Satoshi has lots of quotes which shows his thoughts about bitcoin.

Secondly,  I would not say it shows uncertainty or lack of assurance. It could just be a way to pass the message. If I were introducing Bitcoin to others back then when little knowledge was known about it, that would likely be how I do it.
Very few people then were going to share satoshi's enthusiasm and trust in the design, so best to make it easier for them to get on board with it.
2150  Bitcoin / Bitcoin Discussion / Re: Is the society matured enough to handle privacy? on: April 08, 2022, 04:10:19 PM
So far many wants to have bitcoin  ditch  out  fiat not for the intent of  having total control of their funds but for the sake of funding illegal activities  online without  any point of trace,  regulations,  monitoring  or prevention.
This is an old and tired argument. Fiat has for many years before Bitcoin been a medium for illegal transaction and money laundering and the most popular one at that. Scammers would go after anything of value, from gold to gift cards, this does not mean they fund illegal activities.
About the privacy argument; While Bitcoin is pseudo anonymous, it is very transparent and traceable, so it's possible to trace the trail of a transaction. More traceable than physical cash.

But with the insecurity  and economic  crisis hitting the world from all angle is it still safe to agitate for a complete  decentralized  society  ditching  the fiat for bitcoin.
The insecurity is an actual reason to want a decentralized network which gives the user control over their assets. This is accentuated by the poor fiscal policies being made by governments and banks, making banks very prone to inflation and devaluation.
2151  Other / Beginners & Help / Re: How to hold in peace on: April 07, 2022, 08:45:37 AM
What "coin" are you talking about?

When investing, you need to do your own research on what you plan to buy, this involved knowing how it works and how to secure it.
Long-term investment involves holding for a couple of years or much longer, but this would only apply to assets which have actual value and which would be able to hold that value.

Majority of coins in the crypto market now do not have actual value and would be valueless in two years or less, but some have held their value for 10+ years and is still growing.

so how do one hold with zero worries?.
• Do your research,
• Buy, (You can DCA)
• Store in a secure wallet
• Back up your seed phrase,
• Hodl.
2152  Other / Beginners & Help / Re: Can a service whose code is close sourced be regarded as decentralized? on: April 07, 2022, 08:38:51 AM
1. Can a service like a wallet whose code is closed source be decentralized?
The objective of being decentralized means that there is no central authority, anyone interested can see what's going on and contribute to it as well, creating a consensus. A closed source software cannot achieve these and users cannot verify the code.
With a cryptocurrency which is closed source, you have to trust the devs and Connor verify instead.

2. Does this mean any service that is noncustodial regardless of whether the source code is open or closed = Decentralized?
Imo, No. It can be non custodial and still be centralized.
2153  Bitcoin / Bitcoin Discussion / Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined? on: April 05, 2022, 09:35:54 PM
if the incentives to run a mining gear don't exist -- the network becomes more prone to attacks, so bitcoin's security as it stands right now is closely related to its value, the more expensive it gets the more secured it becomes, hopefully, that will change one day when the majority of people start using and protecting bitcoin rather than just mining it for profit.
That's exactly what I was talking about in my reply.
If there is not enough inventive to mine Bitcoins, then it creates a security risk as more people could be less motivated to switch on their rigs, resulting in less hashrate and security.

The alternative is Bitcoin rises to make tx fees more expensive, enough to motivate people to actually invest in mining, but this eojmg affect the general users as transacting would be more expensive and holders would be demotivated to actually send bitcoins.
2154  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- 2021/22 Round of 16! on: April 05, 2022, 09:14:47 PM
There were no surprises from today's game. Manchester city and Liverpool were expected to win their matches and Manchester city's were expected to be more difficult as they were facing a much more tougher opponents that Liverpool.

The success of English teams in European competitions continued and both teams won tonight have one leg in the semif finals, if they can put up a similarly impressive performance in the 2nd leg of the tie.
2155  Other / Meta / Re: Would the IQ test have made the forum better? on: April 05, 2022, 08:38:51 PM
I've been thinking, if that had become the new development that everyone needed to run an IQ test before making a post, would it have made the forum better with more quality contents?
That would be an extreme and ironically ineffective measure. The merit system already functions as a motivation to encourage more users to make quality content as without quality content, one would not be able to rank up.

The feature I'm looking forward to seeing is the newbie welcome message which has been discussed extensively on the forum. Hopefully it's added sooner or later h new forum software is launched with it added.
2156  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- 2021/22 Round of 16! on: April 05, 2022, 08:29:54 PM
Debruyne has given Manchester city the lead at the 70th minute, and it's nothing less than they deserve.

Manchester have dominated the match and that is reflected in the statistics so far. It's still a anyone's game though, as there's still about 120 minutes to go in the tie and Atletico Madrid have the quality to hurt any team at any time.
2157  Other / Beginners & Help / Re: Do your own research on: April 05, 2022, 07:56:50 PM
The idea of doing your own research is to do your inquiry and not just take an advice cause a user said so.

For example, if a YouTuber makes a video about a new trading strategy, and says you should not take their word as financial advice; It means you should research more on that strategy, and possibly try it out in demo mode to confirm that it works, that way you will see the result of the said strategy and if you choose to adopt it, it would be because you've seen it work and not cause someone said so.

I understand the person might not want to be responsible if his advise goes south but now when you talk about doing a personal research, reading your article was a personal research for me
Do more personal research and verify the content rather than trusting the person's word.
2158  Alternate cryptocurrencies / Altcoin Discussion / Re: Another day, Another Lesson for those who want to learn on: April 05, 2022, 06:58:12 PM
Scam? why would it be scam? Nobody forces you to send those tokens anywhere. And even if you send them, all you lose is probably the tx fee (and the worthless tokens).

--
It can become scam if you go to that website and it asks you to enter your wallet seed. Then yes, please report it as scam (although I would avoid visiting unnecessarily unknown websites, unless you know how to do that from a virtual machine or sandbox).
The fact that it's a take token, which creates a phishing website to mimick am original platform with the intent to steal visitors details already makes it a scan attempt. Scammers don't force anyone to fall victim, they lure them in with tempting offers.
The issue is whether or not the offer of the free tokens would be enough to attract users to try and sell, in what situation they will be led on to the scam website.

To protect oneself, any unsolicited offer, by email, wallet address, SMS or any other form should be ignored.
2159  Other / Beginners & Help / Re: What crypto do you know the most about? on: April 05, 2022, 12:19:22 PM
This is a Bitcoin oriented forum and as such, it would be the overwhelming favourite when you ask s question like these, and it actually is the favourite for the majority of people as the first, most valuable and popular crypto, so people would have researched on it more.

For more diverse opinions, you can move this to altcoin discussion or create another create a new thread asking for which altcoin users know more about.
2160  Economy / Scam Accusations / Re: What can we Do to Reduce Ponzi scheme? on: April 04, 2022, 10:20:50 PM
N/B: not all Ponzi scheme are actually  scam intended!
Except that they are. The idea that an investment can work without any actual means of cash flow but rather depending on investment funds is dubious and unsustainable; Any one who organizes a Ponzi scheme understand that it would be crashing at any time and would take steps to secure their loot earlier whole waiting for that.

There's a limit to how long one can recycle money among investors before the whole charade crashes.
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