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May 02, 2024, 07:31:58 PM *
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621  Bitcoin / Bitcoin Discussion / Re: This Bitcoin block is new for me. Can anyone explain what happened? on: January 26, 2024, 12:17:17 PM
The blocks were mine faster before miners were able to include any transaction into their candidate block. You can take a look at the transactions, they were mined in just some seconds.

The mining pool that mined the two blocks also mined the third block which has transactions included.
622  Bitcoin / Electrum / Re: Is there any easy way to import coinomi wallet ,to Electrum?.? on: January 26, 2024, 08:14:50 AM
I read your instructions on your steps very carefully, and I really thank you for that!. I understand the part about standard wallet ,already having a seed phrase options. And then you said to select bip  39 and click on next.... I am not sure I understand the derivative paths,,, or that I would pick the right one?   
And I would have to be telling her how to do this too.... I use electrum on my desktop but I think my friend would be only using a phone.!! So mobile,, instructions then..... So she would have to follow your mobile directions to Move It from quinomi directly into Electra mobile..

... so I would have to understand clearly the directions to import from coinomi to electrum mobile for her? So if we got it figured out to import from coinomi to Electra mobile for her,  would it be safe with the same seed phrase if she was just going to transfer it out right away to another wallet? She won't be leaving it on electrum ? She wouldn't be keeping it there so would that be safe? Thank you so much again for your help I really really appreciate it!
On desk....

   

Click on the Electrum as you see in above image and select BIP39.

That is on mobile that your friend is using. If it is desktop, you will click on 'options'. If you do not click on BIP39, you will not be able to click on next so far it is BIP39 seed phrase.

Then you will choose the derivation path to proceed:

Legacy for addresses that starts from 1
P2sh-segwit for addresses that start from 3
Native segwit for addresses that starts from bc1

You will ask her the character her bitcoin address starts from so you will be able to know the derivation path she will use. Ask this before you will even tell her to import the seed phrase.
623  Bitcoin / Bitcoin Discussion / Re: To any Bitcoin holder who lost their seed: How did you lose it? on: January 26, 2024, 07:39:48 AM
What mistakes did you make, and what advice do you have for others to be careful?
I have not lost my seed phrase before. The seed phrase is the money because it is what I need to spend my coins, so I can not lose it or it would be very difficult for me to lose.

What are the best and worst ways of storing a seed in your opinion?

Storing seed phrase on phone is not good because your phone can be compromised with malware
Storing it on Google cloud, iCloud and other online cloud is not good. It can be hacked. There are real life examples.
Storing your seed online generally is bad
Storing your seed phrase where people can see it is not good

Store your seed phrase offline
Store it on paper, laminated paper, steel or titanium sheet. Do not use aluminum.
Have like two or three copies.
You can use passphrase with it but store separately in different locations. If you lose either your seed phrase or passphrase, you will lose your coins.
Think about natural disaster and if it happens, how you will not lose your seed phrase
624  Local / Nigeria (Naija) / Re: Dollar increase on: January 25, 2024, 08:19:30 PM
The question is Nigeria government responsible for this increase? and if they are how to we solve this problem and get things back to normal
The government will not be able to control the black market price. The CBN controls the I&E rate before the naira unification, but as of now, I do not know if it is still about individuals.

But, yes. The CBN controls the naira generally, so the government have control over the price. If the government wants ₦1 to become $1 today, they can do it.

But the matter is not about the government able to country naira, the reason naira keeps depreciating so fast is become we depend more on imported products and depending on foreign services.

Now let’s talk about bitcoin. We all know bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
And it is commonly used and talk about here in this forum.
Do not forget that this is a bitcoin forum.

I created speculation thread on BTC/NGN for people to know that holding bitcoin could be better, but people stop posting on the thread. It was an interesting thread for me.

Bitcoin price speculation (BTC/NGN)
625  Bitcoin / Bitcoin Discussion / Re: Exchange Bitcoin Key on: January 25, 2024, 08:06:07 PM
No private key given on centralized exchanges and that is just it. To have full control, move all your coins to a noncustodial wallet. Cold wallets are the safest.

Even if you have the private key in one way or the other, I mean on the centralized exchange that you are using, you will still not be able to recover your coins if the exchange is hacked and coins stolen

This question is kind of funny.
626  Bitcoin / Electrum / Re: CPFP: what infos are needed from the payer on: January 25, 2024, 04:08:49 PM
Let us say you will need the txid from the payer to easily trace the transaction, especially if you have many unconfirmed transactions.

From your end, you need no information than the private key of your wallet. If you are using a seed phrase wallet (that generates the private key), you will be able to do child-pay-for-parent.

All you have to do is to spend part or all the unconfirmed coins sent to you by the payer. Making sure you have enough fee that can get the two transactions confirmed.

You need a wallet that has coin control feature like Electum or Sparrow.
627  Local / Nigeria (Naija) / Re: The Kind of Topics to be Posted in Naija Local Forum on: January 25, 2024, 08:51:21 AM
Well OP @charis-Tim I strongly agree with that suggestion, but can it be created? Because from what you are saying most newborns like my self are finding it hard to post anywhere, because in some forums I have visited they have such broad call child broad also I am sure this broad should have great effect on the newborns to have ideas on how the forums operates most newborns find it hard to tell for there right to there left on the forums
If we have a moderator, it would have been easy, but we do not have a moderator. We wanted two child-boards to be created but our request was not granted. You do not have to worry, just create good and worthy posts that are not useless and you have nothing to be worried about. Only off-topic and low quality posts are often moved to off-topic board.
628  Local / Nigeria (Naija) / Re: The Kind of Topics to be Posted in Naija Local Forum on: January 25, 2024, 07:34:31 AM
This is not what you can correct because some newbies are just newbies. Some will start not good, but later see how good and reputed posters are posting, with the more experience the newbies gain, their posting quality will increase. The problem that we have is that we do not have child boards, if we have child boards like off-topic, it would have been better. Instead of complaining, the posts complained about would have been moved to off-topic board where they belong.
629  Other / Beginners & Help / Re: [Warning] Trezor users are receiving fake emails with phishing links. on: January 24, 2024, 09:33:45 PM
I got the email 4 hours ago:




I easily knew it was fake from the URL link:



I looked for recent Trezor update but I did not see anything like that. Although, I was not expecting it because I knew it was fake from the link.

I am not a Trezor user but I subscribed with an email to their newsletter or something in the past that caused it. This is how this company easily leaking customers email to scammers.

Although, the site was not working when I clicked on it but it is very important for people to avoid the link and not click on it at all.
630  Local / Nigeria (Naija) / Re: Is Remitano leggit? on: January 24, 2024, 05:51:07 PM
Yes, Remitano is legit. But my experience with the exchange for centralized P2P is not good. CBN has unban bitcoin and other cryptocurrencies and other payment options would be available by now on the exchange.

To trade future and perpetual trading, you will need other exchanges like Binance, OKX, Kucoin etc. Also that Remitano has just few coins, unlike those mentioned that has as many as possible coins and tokens.
631  Local / Nigeria (Naija) / Re: Why Celebrity Marriages Dey Quick Break for Naija? on: January 24, 2024, 11:34:18 AM
It is not only celebrities that divorce themselves, Nigerians generally with females able to be independent on their own and do not have submission to husband like the olden days are the cause of breakup. Celebrities are independent and they will not want to be submissive to their husband. In Nigeria that we are now, parents wants their children to have good education, to be a public figure and that can not help some marriages. But females becoming more relevant in the society is good. But the more they become independent, the higher the divorce rate. But it is still good that the divorce rate in Nigeria is still less than 3%. Most married people like separation instead of divorce.
632  Local / Nigeria (Naija) / Re: The time to invest what you can afford to lose on: January 24, 2024, 11:11:37 AM
Investing and trading are not the same. You can trade with the amount of money that you can afford to lose, but investment is more than that.

Assuming from your 100% weekly income, you can use 1 to 5% for trading because you can afford to lose that amount. You can hold 30% using DCA and expect all-time-high. I do not think anyone would be able to afford to lose 30% but that is a good bitcoin investment plan.
633  Other / Beginners & Help / Re: Electrum Wallet on: January 23, 2024, 11:59:22 PM
Use a blockchain explorer to check your wallet address. You will see if your bitcoins were moved from your wallet. It’s simple. All you have to do is copy your address and paste in https://blockchair.com/
If Electrum has synchronized with the blockchain, the circle icon would be in green (🟢). If connected to Tor, it would be in blue (🔵). If the wallet is not synchronized, it would be in red (🔴). On Electrum, he can see all his transactions in the transaction history after it has synchronized.

I use wallet explorer for addresses that do not belong to my wallet. If belonging to my wallet, wallet explorer is not useful for me to check sent, received and unconfirmed transactions.
634  Other / Beginners & Help / Re: Electrum Wallet on: January 23, 2024, 11:22:02 PM
checked seed phrase in new wallet and everything is identical from number of words, sequence and spelling. I used the original password as well - is that appropriate or should I have created a new password?
What that matters while recovering a wallet is the seed phrase (+ passphrase if you added it while generating the wallet keys and addresses), password is not important during recovery and has nothing to do with the wallet recovery. While recovering the wallet, you can use a different password and that does not mean.
635  Other / Beginners & Help / Re: Electrum Wallet on: January 23, 2024, 11:14:57 PM
Either it is a wrong seed phrase or you added extra word (passphrase) with the seed phrase is the reason. If you added extra word (passphrase), you will need to recover the wallet with the seed phrase and the passphrase to generate the right keys and addresses.

Another possible reason is if your Internet network is not good and the wallet is not synchronizing with the blockchain. Make sure the wallet synchronize with the blockchain.

Hope you downloaded the wallet from the official website, https://electrum.org/ and not a fake one.
636  Other / Beginners & Help / Re: Other ways of keeping your privacy without using mixers on: January 23, 2024, 01:25:03 PM
The most efficient mixer is Monero, there is no doubt. What matters is how you exchange your bitcoin for it. If you prioritize self-custody, then I'd recommend you to trade in Bisq. If you prioritize comfort (and pricing sometimes?), maybe you should check an exchanger like eXch.
It is worth knowing that https://bisq.network/ has Tor in-built but https://exch.cx/ does not have that. Or is that wrong? If https://exch.cx/ is not having in-built Tor, it is better to use Tor for it. You can easily access it on Tor on both desktop and mobile devices. Its an instant exchanges and conversion from bitcoin to monero and back to bitcoin will be faster.

If someone can go for the fee of 1.6%, [banned mixer] advance mixing is also recommended if you want to mix using monero.
637  Bitcoin / Electrum / Re: Is there any easy way to import coinomi wallet ,to Electrum?.? on: January 23, 2024, 12:42:08 PM
On desktop
Name your wallet or go for default wallet name and then click on next and follow this: Standard wallet -> I already have a seed. Enter your seed phrase and click on options -> select BIP39 seed phrase and click on next. Select from these derivative paths:

Legacy for addresses that starts from 1
P2sh-segwit for addresses that start from 3
Native segwit for addresses that starts from bc1

Click on next. Input your password that you want for the wallet and you are done.

On mobile Electrum. After you input your seed phrase, you will not see 'options' at the right lower side where you input the seed phrase, but you will see 'Electrum' at the upper right corner. Click on it and select BIP39 to proceed.

Electrum wallet is compatible with 24 words seed phrases.

Note that Coinomi is a close source wallet and it would be better to generate new seed phrase on open source wallet directly. Electrum seed phrase is not BIP39 seed phrase but you can import BIP39 seed phrase on Electrum.

Coinomi is a noncustodial wallet, so it shouldn't charge you a flat fee. It also looks like it can change the fees as explained here:

https://coinomi.freshdesk.com/support/solutions/articles/29000009675-how-much-do-i-have-to-pay-to-use-coinomi-how-do-i-set-fees-

If that doesn't help, it means that the wallet is not miscalculating the fees, and changing the wallet is probably not going to do much.
He is not talking about the fee. He is talking about his friend that do not want to use high fee but do not want to use Coinomi anymore because they said it (Coinomi) is not work properly. Check the mempool and see how high the fee is.
638  Local / Nigeria (Naija) / Re: Opay SCAM...Beware!!! on: January 23, 2024, 11:32:13 AM
The QR code on Opay is used for paying. If you scan the QR code, that means you want to send money to the scammer, but you can only do that by authorizing it with your payment pin/password or fingerprint. Could some peoole be so foolish to proceed?

I do not read any message from Opay as long as I do not authorize for it. So if scammer sends the scam message, I can not read it.
639  Bitcoin / Development & Technical Discussion / Re: HD wallet security on: January 23, 2024, 11:13:00 AM
A more words in the seed, the more security you have but 12, 18 or 24 words, you only can have security if you create your wallet, back it up safely.
Zaguru12 is correct. 12 words seed phrases have 128 bits of security. 15, 18, 21 and 24 words seed phrases all have 128 bits of security which bitcoin private keys have.

It is true correct that 15, 18, 21 and 24 words seed phrases have higher bits of security, but the bit of security that bitcoin private keys have which is 128 bits make the longer seed phrase not to have more rgatn 128 bits of security. If you generate a 24 words seed phrase, but 128 bits of security is compromised. That means your coins stored on blockchain using the address you generate with 24 words seed phrase will all be stolen as their private keys can be brute forced.
640  Local / Nigeria (Naija) / Re: Are online banks slowly replacing commercial banks on: January 23, 2024, 11:02:34 AM
First of all, we can all agree that using online banks is more convenient because they allow customers to access their accounts. And perform daily transactions from the comfort of their homes or anywhere they are.
Commerical banks have online banking.

Online Banks now provide a lot of services such as personal loans, investment accounts, mortgages, and many more. Getting a loan from
An online bank  is easier than getting it from a commercial bank cause all you need is a smart phone
You can also get all these on commercial bank.

If you do not want to use online banking, you can use those online lending platforms which are easier and more likely to borrow you than online banks that you are talking about.

Online banks have lower transaction fees compared to commercial banks compared to commercial bank
This is one of the reasons many people are using them. For some transactions, it is free, unlike commercial banks that do charge their customers.

The other reason is because they have less failed transactions, more successful transactions and also better notifications service than commerical banks.

customers can save money
In their account for a long time without worry about any deduction
The commercial bank that I am using, if I put money there and not using it for any transaction, they will credit the account monthly. But that is not possible as I use it for some subscriptions. If you are using commerical banks, there would be more deductions. I agree to that, but not when you leave you money there without using it.
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