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May 02, 2024, 04:03:48 PM *
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261  Other / Beginners & Help / Re: Minimum deposit on: March 26, 2024, 07:45:26 PM
Stupid exchanges.

If bitcoin is $70000 today, 0.0005 BTC equals to $35. If you deposited even 0.00049 BTC which is high amount that seem like scam if your exchange account is not funded with it. Those exchanges are using this to scam people.

A friend told me about something like this about OKX. That the minimum deposit for bitcoin is also 0.0005 BTC. These exchanges are scamming people.
262  Bitcoin / Electrum / Re: Restoring wallet doesn't restore coins on: March 26, 2024, 12:46:19 PM
If you use a passphrase, you will need the passphrase with the seed phrase. If your wallet has synchronized with the blockchain and nothing showing but zero balance, that means you still used not the right seed phrase or the passphrase is not correct.

Make sure your wallet synchronized with the blockchain.
263  Bitcoin / Bitcoin Discussion / Re: (IMO) they are not worth the same... on: March 26, 2024, 08:42:39 AM
Bitcoin. Question is will the physical bitcoin worth the same rate like the online Bitcoin? or another design?
The physical bitcoin that I know of and which are the physical bitcoin casascius. They are somehow worth more than the price of bitcoin if you sell it physically without tampering with it.

It is worth knowing that bitcoin is digitally created. What makes the coin to be recognized as physical is because it has bitcoin private key which its address has been funded with the amount written on the coin.
264  Bitcoin / Bitcoin Discussion / Re: Blacklisting Wallet Addresses Across Various Bitcoin Wallet Types on: March 25, 2024, 08:16:53 PM
There is nothing like this. You can not block coins to be received on your wallet.

If your are sent dust coin or you do not know the sender, just use coin control to freeze the coin. I will prefer to move my coins out of the addresses of the wallet and send it all to the addresses of another wallet which I have just generated its seed phrase.
265  Local / Nigeria (Naija) / Re: Tax invasion charges: Can Nigerian government win Binance? on: March 25, 2024, 05:23:31 PM
Our government are fxxlish. Instead to overlook it and make all these exchanges to have offices in Nigeria and tax them appropriately. Although, Binance do not have office in Nigeria, but I do not know much about regulations and international law. I do not know what can happen in court. But it will be better if Nigeria take the case to international court instead of Nigeria court because Binance is not registered in Nigeria. You can see how our government are not wise, see the taxes they are losing, but instead, they prefer not I go the right way.
266  Local / Nigeria (Naija) / Re: Government demanding from Binance the lists of its Nigerian users on: March 25, 2024, 01:57:02 PM
How na? Nawao Nigeria na really a crush scene oh. Na dat dis guy e don escape weti go happen to Di second guy? Di way I dey see this escape na plan work. Well we ni go fit confirm or tok anything about Di escape foe now but let's us be waiting to see weti go happen next. Dis I e now dem fit shutdown the whole exchange in Di country. I also saw Di news on my google chrome newsline and I was about to read it when I got your notification and I left there to come here.  Nigeria Government would have settled dis case with Binance amicably but they prefer dragging it without solution.

Now that one don escape, the second one sef go escape under the SEC watch. Pump and plain SEC don collect something na make dem get Di ododo to escape.
This has nothing to do with the SEC, but you are not wrong that there is insider work. Not only one person but some people among the them made the escape possible.

The second executive will be monitored more than before. I can not say if he can escape or not but it will be more difficult than the first. But I believe there is some plans that we do not know now. Let us see what will happen.
267  Local / Nigeria (Naija) / Re: Government demanding from Binance the lists of its Nigerian users on: March 25, 2024, 01:32:15 PM
JUST IN: NSA confirms Binance executive’s escape from custody

The Office of the National Security Adviser has confirmed that the detained Binance executive, Nadeem Anjarwalla, escaped from custody. It was reported that he escaped on Friday. It was said that preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport. ”

They are looking for a way to arrest him back. I guess federal government can not win this and likely he will make it to United States. Let us see how it goes.

You can read more about it here:
https://punchng.com/detained-binance-executive-escapes-from-custody/
https://punchng.com/nsa-confirms-binance-executives-escape-from-custody/

Or United States will arrest him so that he can be sent back to Nigeria?  Grin
268  Bitcoin / Development & Technical Discussion / Re: Private miners, a ticket to getting faster transaction confirmations on: March 25, 2024, 11:21:05 AM
mempool.space will launch a bitcoin accelerator service, and its idea is close to what you are trying to say.
Will launch or has launched? I have tried to use it for many weeks but I was not granted permission and I no more visit my account on the site. With what We noticed that time, the fee is as expensive as other paid accelerators.

Could you please throw more lights on this?. I got really lost here
My bad. Typo. I mean 'fund it again'.
269  Bitcoin / Development & Technical Discussion / Re: Private miners, a ticket to getting faster transaction confirmations on: March 25, 2024, 11:05:19 AM
I think they can come together and create a union or group, purchase hardwares and get their own miners and have them join mining pools to share resources and minimize costs.
I do not understand your solution but I know it is not a solution. There will be nothing called private or public miners. Miners are miners.

If you want cheap fee and fast bitcoin transaction, you can always have just small amount of coins on lightning network. If you do not want to open channel, you can use wallets that have channels and all you have to do is to just do the backup of the wallet and start generating invoices for payments.

Encourage them to use lightning network. Having like $50 on lightning network is not bad. If you have spent it finish, or before it is finished, you can fund it again.
270  Bitcoin / Electrum / Re: have an old Ledger HW1 version 1.0.1 and getting "Read Error" when sending btc on: March 25, 2024, 09:44:32 AM
If you have your seed phrase, try delete and redownload and reinstall the wallet. Both Ledger Live and Electrum and see if any of it work.

You mean your device is too old to install Ledger Live and also not able to install Electrum? Window 7 and lower version of Windows can not successfully install recent versions of Electrum but I do not know of Ledger Live. Maybe it is time to install Linux OS like Ubuntu on your device. I am certain that Electrum will work perfectly if you are able to install Linux OS successfully. But before installing it, make sure your computer has the specifications needed for the installation. You will see the specs on the official site that you want to install the OS.
271  Local / Nigeria (Naija) / Re: You shouldn't miss BWB airdrop campaign on: March 25, 2024, 08:35:26 AM
Bro, I know say you dy new here, but try ur possible best to dy read the forum rules,  so that you no go break them ignorantly, I believe say the primary purpose of this forum na to talk about Bitcoin, no be this kind of thing wey you dy post here wey dy very likely to be scam, abeg, talk about something more important, no be all this things we need here, or better still, take am go for beginners and help, I believe say you go surely get the response you dy find there, no carry post like this dy spam our local board, thnk you and may God bless you.
This forum is mostly about bitcoin but we can also discuss about altcoins and give our own opinions.

Wettin bariku dey tell you na the Koko, no be wettin we dey find for this our local board. you fit carry this kind topic go to the altcoin discussion or even off topic board or discussion. AirDrop matter don tire people na bitcoin matter dey move people. Because %99 of airdrop na scam. People wey participate for all those airdrop never gain anything inside uptil date. No be even that matter self but na just say we no need such talk for here except Bitcoin talk, wallet discussion and security. Information on how to succeed and carefulness and legit ways to make money.
That is Bitget launchpool I guess. Or is not it? Nigerians can not access those exchanges website for now and I do not have VPN on this device that I am posting with presently, but I think it is Bitget launchpool and not scam. Only what I can just advice is that if it is truly an airdrop, people should access it directly on Bitget and we should be careful of airdrops just like you said because many airdrops are scam and some are used to obtain users information in order to scam the user.
272  Local / Nigeria (Naija) / Re: Be very careful third party account on: March 23, 2024, 01:21:35 PM
You are correct. Third party bank account should be avoided.

But also we should be careful of where we are submitting our identity cards and others for verification. Also we should take our security and privacy seriously. Hackers or scammers can get hold of necessary information about someone and use it to access the person's bank account and also to complete KYC on an exchange and buy bitcoin or other crypto by sending money from the person's bank account.
273  Local / Nigeria (Naija) / Re: How do one sort out money sent to wrong palmpay number? on: March 23, 2024, 01:13:09 PM
If it is the phone number with just omitted first 0, try to call the person.

Someone sent me ₦275000 last year. I called Kuda myself to refund the person. Kuda said they will. I guess the person went to her bank, they were unable to help her because likely what they will tell her is that she should contact me or maybe she go to police. I sent the money back to her after 3 days when I know that Kuda is not helping her at all.

It is just ₦5000. Try to contact the person or forget about it. The money needed for investigation is far more.
274  Local / Nigeria (Naija) / Re: Now dollar is #1,400/Naira. Will the prices of food items and commodity reduce? on: March 23, 2024, 01:02:43 PM
I was happy to learn that the Naira against the dollar is now somewhere between #1400-#1500.
You are happy with it? But the price of goods and services continue to increase while dollar is decreasing in value against naira as naira itself appreciates in price. So why are you happy about it? My happiness would be when goods and services prices are also decreasing.
275  Other / Beginners & Help / Re: why are mining fees not refunded on: March 23, 2024, 12:56:29 PM
The only thing to be clear off is that no wallet currently allows broadcasting of transactions without fees, if not it’s not a network protocol that you must add fees to transactions.
You can do that on full client wallets like Bitcoin Core if you run your own node.
276  Local / Nigeria (Naija) / Re: What advice is best for military wife whose husband cheat on on: March 23, 2024, 12:51:43 PM
What advice is best for military wife whose husband cheat on
This is confusing because from your post, the husband is the one in military and not the wife.

Also report the husband to their main boss as in the military head where the man is posted, but these was rejected by  of her among  all the option her reason is that people may side her husband as he is not the first to practice it,

No one can stop someone from cheating. It is left to the wife to divorce, separate or just continue with the relationship if she is benefiting from it.
277  Other / Beginners & Help / Re: why are mining fees not refunded on: March 23, 2024, 12:28:34 PM
you cant imagine that it cost 4 USD for instance to cancel a transaction and 1 USD to pump it, which is more preferable, then i realized that the transaction was not sent initially, therefore, no transaction sent and confirmed can be cancelled.
Both bump fee and cancel transaction are almost the same thing as you double spend the transaction. In both, you have the second (child transaction). The child transaction weight or virtual byte will determine how higher the fee can increase more.

Let us imaging that they are of the same addresses. Either cancel transaction is of the same fee as bump fee or of lower fee or vice versa. It can be of lower fee if you are sending the coin to many addresses, but instead send it back to one address if you want to cancel the transaction to just one address. So I can say that both are of the same fee but it depends on the child transaction vbyte or weight that will determine how higher the total fee to be paid would be.
278  Other / Beginners & Help / Re: why are mining fees not refunded on: March 23, 2024, 12:13:20 PM
so saying your transaction fees should be refunded means you are indirectly saying that every node should purge your transaction from the block chain. And that would have been possible if you had made use of a fee below 6sat/byte. Probably only the node network of the wallet you used would have broadcasted it while other node will simply just purge it because of the extremely low fees.
Let us say the purging is 2.91 sat/vbyte right now. If the server of the wallet that you used set the purging to be less than usual, and you used a fee of 2.5, the server that the wallet used may make the transaction to be broadcasted successfully. But if it is by default and it is 2.91 sat/vbyte as it is Right now, any transaction with the fee rate below that will not be broadcasted by the server of the wallet used.

Also know that if the server has already broadcasted the transaction and later the server dropped the transaction in a way that the sender can spend the coins again in another transaction, if the sender decided not to spend the coin again, the sender should not be surprised if the transaction he thought to have been dropped later got confirmed because the unconfirmed transaction has been sent to other nodes and some nodes have different settings.

So if you want a transaction to be sent back to you, it is better you use RBF to cancel the transaction to send the coin to the address that you own.

transaction with a very low fee, that it is purged, what then happens to the fees since no miner included it in a block?
If a transaction is dropped from mempool, the fee will also be dropped because there is no transaction at all as the transaction dropped from mempool.

Just regard node and server as the same in my reply.
279  Other / Beginners & Help / Re: why are mining fees not refunded on: March 23, 2024, 10:33:43 AM
If you cancel a bitcoin transaction, not that you actually cancel it. You only increase the fee so that the coin can be sent with higher fee to another of your wallet address.

Next time, just use pump fee/increase the fee instead if you are still willing to send the coin to the receiving address.
280  Bitcoin / Wallet software / Re: How to view your funds in Sparrow Wallet? on: March 23, 2024, 08:00:18 AM
Balance says zero. I must have entered the wrong seedphrase. Entering 24 words is pretty tedious easy to make a mistake.


EDIT: the seedphrase is correct just verified with the view seedphrase feature in Coldcard. Don't know why funds are not appearing in Sparrow.
It could be as a result of the script type.

Try to import the seed phrase again, click on 'script type'. It is in Native Segwit by default which consist of bitcoin addresses that starts with bc1q. Click on it and you will see other script types which are:

Legacy (P2PKH) which consists of bitcoin addresses that starts with 1
Nested Segwit (P2SH-P2WPKH). Which are addresses that starts with 3
Taproot (P2TR). Which are bc1p addresses.

If you know which address your seed phrase generate, you can click on the right script type. Or just import the (seed phrase using the) 4 script type individually and check which one are funded.
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