I am glad to see the byte and sat/byte changed to vbyte and sat/vbyte. It is worth including that the transaction size and fee rate are both in virtual size before, but just that it is indicated as byte and sat/byte which did confused many people thinking it is the actual size and not virtual size, but it is virtual size.

We can not say he or she is a Nigerian. He created the same topic on other local boards.

Do not let me repeat what I have posted before:

No exchange suspension nor any ban for now.

Edit:
To make this clearer, the Binanace URL is not working as NCC said it should be taking down by ISPs in Nigeria, but the mobile app is still working and you can use it to access Binance.

The number of traders and trading volume do not matter as long as you see buyers or sellers that can trade with you at a good rate.

This is the type of manipulation that was talked about on the first link in the OP. I avoid those selling with to good to be true rates. I think we all know that. But probably some people may fall victim in a way the trade will be cancelled or in a way the buyer or seller will tell the trader that he will deduct some amount of money. It will be good if exchanges can restrict ads like that. We have exchanges to be blamed for that.

The Chief Whip of the Senate, Senator Ali Ndume said the federal government are gaining from the inflation in the country:


They think we do not know?

Another is the salary they are paying there workers. The minimum wage was ₦30000 when dollar was at ₦365 when people were complaining of high cost of living, not knowing what is still coming. Today dollar is ₦1486 to a dollar, using the same CBN rate but minimum wage stayed at ₦30000.

NLC that said at least minimum wage should be increased are correct. Dollar is increasing, government are gaining more from crude oil but not increasing workers salary.

In the last 7 months, petrol import reduced by 1 billion litres: https://punchng.com/petrol-import-reduced-by-1billion-litres-in-seven-months-report/?amp

Yet, dollar continue to increase.

It depends on the wallet you are using and the settings and how you send the money. There are wallets that you can change in the settings to send the change the the address that you used to send the coin. But, by default, the change will be sent to a change address (which is another address). I am using Electrum for this example and that is how a good HD wallet should be.

This is not possible, to link addresses to a seed phrase. Just that addresses can be linked to belong to the same wallet and not to the seed phrase that generates the addresses. No one can even know if it is the same seed phrase that generates the addresses and you can not use addresses to know the seed phrase that generates the addresses.

The problem is that people do not know how to have the privacy.

Assuming Mr A sent bitcoin to address 1, Mr B sent bitcoin to address 2 and Mr C sent bitcoin to address 3. All can not be linked if you have experience about how it can not be linked. But assuming you spent all the coins at ones, that will link all the addresses together. But if you use coin control to spend individually from the addresses in a way it can not be linked, it will not be linked.

But central server can be able to link your addresses together with your IP address even if you do not spend from the addresses and also if you use coin control. So for this reason, it is better to run your own node and use Tor with it.

I posted what I noticed on Binance yesterday:


It was the cap that was referred to. I think Binance will not have to look for elsewhere to cap the rate but they are capping it by some ads restrictions of people that they think are manipulating the market.

So if you asked if that is what that is happening? Indirectly Binance is capping the rate by restricting some ads.

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This is P2P, you can check other exchanges before selling your coins. Go for the best rate if you do not care about privacy.

Yes. I know this is not the first time. The last time I heard about something like this was during Buhari time when Emefiele was the CBN governor. But some months ago, we have another incumbent president which is Tinubu. Tinubu appointed another CBN governor which is Cardoso. I thought things would change for better, but it is like how it was before but also getting worse day after day. Taking moves that can only help temporarily but not solving the problem.

Because of naira price that is decreasing in value, the government are looking for ways to make the price to increase. They found illegal means of importing goods but which is not new to us. That is better. But they started arresting BDC operators again which is uncalled for. Yesterday, they are contemplating about crypto exchanges.

See what one presidential aide commented about bitcoin and other crypto exchanges:


Why should a presidential aide be saying what he does not know but which is a misconception. Buyers and sellers are creating their ads and set their own prices on Binance which is based on the parallel market.

Buying of account on this forum is not prohibited:


But it should be discouraged because it can lead to scam. Also that newbies buying an account will still remain newbies. You can see it from their posts and to ban the account is highly possible because of mistakes of plagiarism and spamming.

I take this:

It is worth mentioning that this is not how to tackle the problem.

On Binance P2P, I can see many accounts restricted for buying cryptocurrencies, but not for those that wants to sell likely because they are selling to have naira.

There is something that I am not getting. Are Nigerians on Binance that are first converting to a bitcoin or a stablecoin and then sell the stable coin for dollar? That is an indirect forex. But for those that are just buying and selling naira for bitcoin and other cryptocurrencies, that is not forex.

For those that are selling, they have no problem. Some ads are also still available for buying.

Are you the one paying for the expenses?

Is it your family house? You can not tell her to leave. But you can leave for awhile if her presence is no more convenient for you.

If it is your house, you can call her and politely ask her why is she not living. If not convenient for you, tell her politely that you can no more accommodate her. But if it is me, I can not do that if she is in need of help and if I can accommodate her. She is a female, and she has a daughter which is also a female which I do not think is a problem. But only if someone wife (like your financee) agrees to it.

My thread is mire about BTC/NGN price speculation, but we also discussed about USD/NGN on the thread. I have noticed that Nigerians while talking about BTC, they like to also relate USD with it. So I think the thread (I mean the BTC/NGN speculation thread) is good for something like this. I may later also edit the OP so that we can use it to discuss also about USD officially. I also think this thread is not necessary, especially when there are other threads that talked about it. Recently is this one: Drop your predictions for the value of dollar against naira?

It would be good if you make new topics with this so that more people can see it.

Nigeria government are incompetent and they have proved that again with this news. I do not see how cryptocurrency exchanges are affecting. They want to make Nigerians to go to decentralized exchanges which can be accessed with VPN. They have forgotten that no one can ban cryptocurrencies.

You have been using Bitcoin.com before your wife and you got the 12 word seed phrase. There is no way the wallet will not generate seed phrase for your wife. Your wife needs the seed phrase to be able to spend the coins. Else, the coins has lost.

If I understood you, the trend that you referred to is about what is causing naira value to fall. What is causing it can not be the solution.

Our leaders with mentalities that have no solution to our problem. With the look of things, do not expect anything positive from our leaders. There are possible solutions but which our leaders can not give.

If this present government is competent to help the country to have good economy, we would have known by now. Let us see if the will prove me wrong.

Stablecoins makes the US dollar to have more value, but this does not count in forex market. It is the forex market that determines the exchange rate. Correct me if wrong.

You are correct. The cause of what is causing dollarization of the country is not solved and the government are not trying at all. It is like this country is cursed with incompetent leadership.

I was disappointed with this kind of news during this time. They are only deceiving people that they are working excellently. Arresting BDC operators is wrong because they think they are causing naira devaluation. But I guess the CBN will tell them to do so to deceive people.

I read the replies of other posters, you also agree with me. This is just an evidence of one of the reasons the economy is bad. We are not getting anything right in this country. Both the government and their officials.