Yes, you need to pay tax from your bitcoin income. If your boss is paying you in bitcoin and not fiat, you still have to pay your tax.

If you mean from the passive earning while you hold bitcoin? Crypto capital gains tax. You will need to read about crypto tax in your country to know about this. There are some countries that have the law already that you have to pay tax of certain percentage from the profit you make from your crypto holding. But that is only when you sell it. If you continue to hold it, no tax.

The cold wallet is also a standard wallet but offline and not online which makes the difference. It is better the way you did it. Follow what Zaguru12 first quote and post and you will get it. Electrum will take you to the .pbst file directly in a way you can click on it to broadcast the transaction. If that is difficult for you, you can use QR code instead which is even better.

Electrum is not supporting lower version than Windows 10. Electrum version on airgapped and watch-only device do not have to be the same update version, most people do not like to update the cold wallet because they want to keep it out of external environment data aside PBST transactions, but updating the watch-only.

The government and regulators have always failed to deal with the money laundering in banks and in centralized institutions. Thieves, bandits, terrorism financing extremists will have money in banks but they are unable to deal with it. Cyber criminals are successfully able to collect fiat from their scammed victims. These so called regulators know just less than 1% of these fiat crimes but they can go against what is after crypto privacy is what they like. They are failures.

This is not new. It has been more than a week ago that naira depreciated to 1419 naira. It later fell below 1300 some days ago and fell to almost 1260 naira. The price of naira today is 1315 naira to a dollar.

The CBN is only trying to do what is not. Why should they increase naira value when it supposed not to. Even if they will increase it, from 1800 to 1100 naira is kind of too much. The market later correct itself to 1300 is what that happened.

The price of a currency does not matter. What matters is a stable economy and how the currency price is stable. The government are unable to give us these.

Temporary fix or manipulation? There was inflation and the CBN increased naira value. They turned the definition of inflation upsidedown. I made a topic today to let us know that local products supposed to have been cheaper than what they are. You can see it here:

What has the FCCPC achieved?

CBN wrong moves made all these happened with side effects.

You are correct.

There is nothing impossible if this is the case but I also think this is not what actually happened but it is possible. All I think is that the CBN will investigate and later tell the companies to start accepting new customers if not guilty or make amendment that will not let what they alleged to be happening anymore. But Nigeria problem is more than this. I do not think they have intention to cease these Fintech operation in Nigeria.

Why not just add the link. Like this: Forex deals: CBN stops 4 fintechs from onboarding new customers

There is nothing decentralized about this. They are all centralized.

They will see something to talk about just like how they made everyone to believe that crypto exchanges was the cause of naira value depreciation. CBN said it and started increasing naira value to make people believe.

They manipulated naira price down and inflation increased but they were unable to control the inflation but increase the value of naira back. This CBN should be investigated for manipulation. The CBN are only looking for solution where there is no solution.

The price of meat increased. The price of bread did not fall. 5Alive and others prices are still not decreased in price. Should I say thanks to Dangote for crashing the price of AGO. We heard that the government refinery in Port Harcourt will be fully functional in April, but you can see fuel scarcity again instead and this is 28th of April. Fuel that we expected to be sold for 500 naira per liter is still 650 naira per liter.

Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.

Two or three days ago, see what Indomie company’s Group Corporate Communications and Event Manager said in an interview:


The government were able to manipulate the price of naira up and the price of AGO also continue to increase which makes those local firms and companies to increase the price of goods and services, making the retail prices to be significantly high. Now the price of naira increased, AGO price decreased but most local products prices has not reduced and some still increased in price. Just Indomie and rice price that I know decreased in price among the consumable products. Almost all other products prices are still high.

They want the 16 and 17 years brilliant students to stay at home until 18 or to seek for admission in other countries. They just like to frustrate everyone in Nigeria. I was 2 years older than my best female course mate friend while we were in university, she got admission when she was 17 but she was brilliant than me despite that I was brilliant. She was 16 when she passed UTME.

That is not all, I have someone that passed WAEC and UTME three years ago, but she was not given admission. She scored 249 last year but the school she applied to did not give her admission. They said 250 is the cut-off Mark for the course she wants to go for. This was similar to how she lost the admission the last time. Although, lucky she went for another course in another school.

To enter university is wahala. If you get to the university, they will use strikes to delay you. You may even experience 3 or 6 months strike. You will graduate and be unemployed or underemployed. I do not know people that can be stupid to make this stupid laws as if they do not have children or grandchildren.

They should continue to frustrate Nigerians with their foolish laws.

Pakistanis on this forum should still consider themselves lucky as they have shahzadafzal. I do not think theymos is thinking of increasing the merit source for now. I sent him a message few days ago but he has the habit of not replying to messages which is very annoying. I will say good luck to ThemePen, but he should not expect anything except theymos wants to add more merit sources. I do not think there is exceptional cases until then. Nigeria is the third highest local board posters. On the statistics he posted in the OP, Nigeria was the second highest poster on local board in that month, but theymos is not considering that maybe as we have merit support from posters that are not Nigerians. We have many good posts that are not given merit that I see almost all the time. Probably ThemePen may be experiencing what I am experiencing. Another thing is that it is always surprising me that 98 or 99% of my merits are still from English board posters on 95% or more of my English board posts if compared to my local board posts, that is because I am lazy to be submitting my posts on local board merit giveaway thread. But I am also lazy to submit my posts also on low merited but quality posts threads on English board either. I am not insinuating that the giveaway to quality posts is not good, it is actually good.

Try to think about this again. Is this your comment necessary? What if the mempool is still congested up till now. The transaction was submitted on ViaBTC free accelerator and it was confirmed after ViaBTC mine their next block.

I think he forgot to use passphrase while trying to recover the wallet before. And I also think he has been able to recover the wallet with the right seed phrase and the passphrase.

I think the 'not' was a typo for 'now'.

Anyone that has the seed phrase and the passphrase will find the recovery easy on wallets that support BIP39 seed phrase and passphrase.

Only open source wallets are recommended.

I think the mistake most you did was that Samourai will first ask you to input your passphrase but most of you do not know what passphrase is. After the passphrase, you will set the wallet pin or password. After the wallet creation, you will be able to click at the menu/image at the top left corner where you will see 'settings' -> 'wallet' and click on it to see your seed phrase and other necessary information.



I wanted to bypass the passphrase but I was unable to and you can see what it displayed at the bottom of that image. You must use passphrase unless you want to recover a wallet that does not support passphrase which you did not generate its seed phrase on Samourai.

Which means you need a passphrase for the wallet and not just BIP39 seed phrase. Did you use the passphrase?

If you did not include the passphrase, it will generate different keys and addresses for you.

Segwit version 0 has lower fee than segwit version 1 (pay-to-taproot).

But if you want to consolidate, pay-to-taproot has lower fee.

If you are sending to many addresses like campaign managers on this forum, or your transaction outputs are always far more than the transaction inputs, it is good to use segwit version 0. If you are sending from 1 input to 1 output or 2 outputs, segwit version 0 is lower in fee also. The only time P2TR is of lower fee is when you are no consolidating your high inputs or when the transaction inputs will be far more.

How about prune nodes? They are also nodes but they do not keep the entire blockchain. Although, prune nodes have significant disadvantage.

Node runners can be miners or mining pool but some node runners are not miners. Nodes helps in the decentralized network and in validation of blocks and transactions. Nodes are not involved in mining but in routing of necessary information to other nodes.

You mean block are mined every 10 minutes? It is on average of 10 minutes but the next block can be mined at any time. It can take less than 1, 2 or 3 minutes, I can take less than 5 minutes, it can take more than 40 minutes. But on average of 10 minutes.

All that you need is to run a node. Example is to download Bitcoin Core and use it to download the blockchain which will take over 500 gigabyte to download. You will have to always or most of the time connect online to receive and pass necessary information about bitcoin transaction from and to other nodes.

Deribit not supporting Arbitrum layer 2?

There is nothing you can do if Deribit is not supporting Arbitrum network than to contact their customer care. Supposing you sent it to a noncustodial wallet, only what is needed is the seed phrase or private key to have access to your coin.

Tracing the coin is the work of chain analytic companies. You can try and trace it yourself to a centralized exchange with a tool. But if the person do not send it to a centralized exchange, consider the money gone, especially if it is a low amount of money that you will spend more much than if investigating the scammer.

I have a wallet with passphrase, I import it from Unstoppable wallet to Electrum and Samourai wallet and they all work. They have the same addresses and the imports were successful. There is something you are not just getting right.

m/44'/0'/0' for bitcoin addresses that start from 1
m/49'/0'/0' for bitcoin addresses that start from 3
m/84'/0'/0' for bitcoin addresses that start from bc1

You can go to Samourai wallet to know which character your bitcoin address starts from.


You can also try Bluewallet which can automatically search for funded addresses for you. But I have used Electrum most often and it does the work perfectly.

Crude oil production in Nigeria decreased. Nigeria that was the highest producer become the second to Libya.


One of the reasons is because of crude oil production challenges in Nigeria.

Maybe these are  also part of the reasons: https://www.nairaland.com/7989514/5-reasons-aliko-dangote-sourcing