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May 02, 2024, 08:09:57 PM *
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641  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.
642  Other / Beginners & Help / Re: Other ways of keeping your privacy without using mixers on: January 23, 2024, 10:40:57 AM
If you choose not to use them, you might inquire about other mixing methods that can enhance the privacy of Bitcoin.
But just like you meant, banning them on this forum does not mean mixers are bad or not trustworthy. People can continue to use them. To find reputed mixers, this would be helpful:

2023 List Bitcoin Mixers Bitcoin Tumblers Websites

On Altcoinstalks, you can see the forum ads and signature ads of many of some reputed mixers like Mixers and Thormixer there.

Recommended Coinjoin are: Whirlpool of Sparrow and Samourai wallet, and the Coinjoin of Jointmarket.
643  Bitcoin / Development & Technical Discussion / Re: Mass BTC Wallet Generator with mnemonic and bip39 on: January 23, 2024, 10:23:52 AM
You may use the stand-alone offline BIP-39 generator , but vanity addresses you want, more likely, will  lurk in  derivation paths. Thus,  it will take time for finding them manually via search. 
Manually? I do not think he will find it at all. He will need a tool that can generates the BIP39 seed phrase, the keys and the address like the incoleman that you mentioned, but also search for customized addresses among more than billions of generated addresses. That will have to be automatic.

However the script of this generator is open source and you can modify it a bit by including parser to find the vanity-alike addresses in automated way.
I agree with this.

Also that it is worth knowing to use it on an airgapped device for security reasons.
644  Bitcoin / Development & Technical Discussion / Re: Mass BTC Wallet Generator with mnemonic and bip39 on: January 23, 2024, 08:19:22 AM
You want a vanitygen (customized) address and also you want the address to be among the address listed with BIP39 seed phrase. That is you want the BIP39 seed phrase to also generate the customized address? No tool to do that. You can still securely backup the private key of a vanitygen address securely offline encrypted in two or three memory cards or USB sticks.
645  Local / Nigeria (Naija) / Re: Can naira earners keep up with their BTC pursuit. on: January 22, 2024, 08:46:26 AM
I know that if your earning in naira now this must have affected your DCA plans in a way that the amount you used to buy 20$ before might now be getting you less than 20$
He has no option that to cut his clothes according to his size.

and with the current high fees which would be another matter and after having planned yourself with the amount you would be putting in weekly or monthly.
Tell him to make use of lightning network on the exchange to send the coin to a wallet or he can make use of side chain which are also of low fee. After certain period, he can send them on-chain.

And this could be a major setback for naira earners, some of them might even have to quit or even result to changing their plans about buying bitcoin.
Not DCAing nor holding coin anymore is not an excuse.
646  Bitcoin / Mycelium / Re: Mycelium Showing incorrect Bitcoin Price.. on: January 22, 2024, 08:37:30 AM
This problem has nothing to do with VPN or an Internet connection. I've also experienced such issues when checking funds on my mycelium wallet. It sometimes takes time to synchronize with the Blockchain or those exchanges. I think some how it might be a bug on the app so what I usually do is to clear the app storage, check for new update of the app and reimport my seed phrase again. This shouldn't be an issue with your phone neither with your Internet mate. VPN connections Should have no negative effect on your wallet since Mycelium also supports tor vpn
He posted that the issue is solved after he off the Tor from the Mycelium settings. If he on the Tor but not connecting to Orbot, this will result to synchronizing issue unless he connect to Orbot. That was what that caused it. Even if that was what that happened, the wallet supposed not to connect to the Internet at all because Mycelium wallet has no in-built Tor and there will be no synchronization.
647  Local / Nigeria (Naija) / Re: No because of say you no get profits now take sell your coins. on: January 22, 2024, 08:01:48 AM
This is what will come the mind of some people and be coward to invest. This is also what some people will think and be procrastinating to invest which will make them keep postponing the time to invest. It is true that bitcoin investment is very risky, but it is worth going for at the right time. If you can not go with all your money that you want to use to invest in it, why not DCA. In 2024/2025, be expecting all-time-high and also we are expecting six digits.
648  Bitcoin / Mycelium / Re: Mycelium Showing incorrect Bitcoin Price.. on: January 22, 2024, 07:32:32 AM
My is up to date, atleast, I've checked playstore multiple times and can't find any new update for the app, and I've also checked in the app itself and it doesn't tell me it has a new update.
This would likely not be an update issue. You need to install the wallet again. Or better to use a better wallet for bitcoin if you are only using Mycelium for bitcoin. There are better bitcoin wallets like Electrum, Sparrow, Bluewallet, Samourai and some other wallets.
649  Bitcoin / Mycelium / Re: Mycelium Showing incorrect Bitcoin Price.. on: January 22, 2024, 07:23:56 AM
Get you seed phrase backup. Make sure it corresponds to the Mycelium seed phrase and not another seed phrase. Delete the wallet and download it again. Import the seed phrase on the newly downloaded Mycelium wallet and see if it is showing the correct balance.

650  Local / Nigeria (Naija) / Re: Bitcoin holder’s are facing a lot from Nigeria Yahoo’s boy’s on: January 21, 2024, 04:48:04 PM
Why not post this on Nigeria local board. It belongs to Nigeria local board.

Can you take a look at this how an officer of the law stop me at the high was when going to class and was asking me if I scam people for a living and I just told him I am into bitcoin trading and investment
The thing is you should have confidence and making sure you have no skeleton in your cupboard. If what you are doing is legit and you are polite, there is nothing. But most of you guys dress like Yahoo boys is one of the commonest reasons that you are noticed by police officers. A police man as never noticed me before.

But what is funny is about how those boys and some police are friends. That was ones of the reasons EndSARs was a good idea. The good people suffered because they have no money to give to become their friends, while the bad people are their friends as they have something to give like the rich men.
651  Local / Nigeria (Naija) / Re: Don't be tired of hodling that potential coins. on: January 21, 2024, 09:33:48 AM
Greetings my fellow Naija people,  I know that many people are about to give up in that potential coin they are hodling for some years now hoping that the bull run will happen last year, but I bring you a strong hope to continue hodling that potential coins because bull run is no longer far from you if you can endure till the end of this year.
There was bull run last year. In fact, last year was a bull run year.

I believe you are still hodling your potential coins?
Holding is still the best. Bitcoin halving is getting closer and less than 100 days from now. After halving, another bull run is coming, which would be significantly enough to get bitcoin to all-time-high. So there is not point in selling now if the reason is about bull and bear market.
652  Economy / Exchanges / Re: Vikbit.com – fast exchange service on: January 21, 2024, 09:22:52 AM
Just like I posted before, people should avoid this exchange, until we are convinced about it.

Domains age has nothing to do with an exchanges reputation, you can buy old domains for as low as a dollar, doesn't make them reputable.
You are wrong. Old domain are called premium domain and are offered by domain investors and they are costly unlike a domain that you created yourself.

Although, a new domain can be legit but scammers often use it because they do not have extra money to waste on old domain. But legit site can begin with new domain but convince people with advertisements. If they have huge money to pay for advertisement, that is convincing enough that it is not likely a scam site.

So what is Vikbit.com offering to prove that they are not scam?

Op would making sure that the site is working fine before coming to inform the general public to visit the site and use the service.
The site is working now and I saw good reviews on the site on the day it was not working. I do not know how people were still able to review, why not able to use the site. I do not believe in the site until we are convinced.

A site with cheap domain and not ready for advertisement is likely a scam. I will advice people to avoid it until we are convinced.
653  Bitcoin / Bitcoin Discussion / Re: What's the best way make your Bitcoin anonymous right now? "Mixers"? on: January 20, 2024, 10:18:43 PM
No!! Mixers don't work anymore, stay away from them. There is an easy way:
You are wrong that mixers do not work anymore. They are still working.

Yes, Coinjoin can also be used. Also converting bitcoin to monero and back to bitcoin will also work, but on decentralized exchange like https://bisq.network/, or he can go the easy way like https://exch.cx/.
654  Economy / Exchanges / Re: Help with rejected bitcoin on cash app on: January 20, 2024, 09:32:31 PM
If you send the coin to the wrong address, sorry your coin is lost already and not recoverable. If the address on blockchain explorer is not yours when traced through txid, then the coin is gone.

CashApp is custodial wallet, make sure the address is truly wrong because you might send the coin to the right address but CashApp do not credit your account. If that is it, you have to notify CashApp customer care that they did not credit your account after sending to the right address.
655  Economy / Reputation / Re: Wasabi, Kruw, users and supporters of their low morals on: January 20, 2024, 01:57:11 PM
Isn't W**abi or any other service which offers a "mixing" service illegal on this forum since the beginning of this month? If promoting mixers is illegal now, promoting W**abi should be a ban offense too. The mods should delete every thread that is about W**abi. (probably this one too)
Mixers (centralized mixing services) are banned but those that provide decentralized mixing service (on noncustodial wallet) like Whirlpool of Sparrow and Samourai, Coinjoin of Jointmarket and Wabisabi of Wasabi are not banned.

Theymos banned only mixers, and Wasabi is not a mixer, it is a CoinJoin implementation.
Theymos may not categorize them as mixers, but literally they are mixers. In short, they are referred to as decentralized mixers.
656  Economy / Exchanges / Re: Vikbit.com – fast exchange service on: January 20, 2024, 11:24:23 AM
An exchange that its domain was created two weeks ago

Quote
Domain: vikbit.com
Registrar: REGISTRAR OF DOMAIN NAMES REG.RU LLC
Registered On: 2024-01-04
Expires On: 2025-01-04
Updated On: 2024-01-09

Although the site is not yet working. Or probably it has been taken down. If possibly that the site is working, I will advice people not to use it.

This is how scammers like to elicit their work.
657  Bitcoin / Bitcoin Discussion / Re: Can Satoshi Nakamoto remove the 21 million BTC limit? on: January 19, 2024, 10:54:22 PM
That limited amount that makes bitcoin deflationary can not just be added to or erased. What that will cause the supply to be altered will means that miners will all agree to that and nobody will agree to that. People want it to stay at 21 million BTC. I speculate that any attempt to do anything to alter the 21 million supply will only be a failed attempt.

Never expect anything good about bitcoin from bitcoin critics.
658  Bitcoin / Electrum / Re: [Bounty Inside] Restoring an electrum seed phrase into another wallet on: January 19, 2024, 06:46:13 PM
Does BlueWallet directly accept an Electrum phrase? Because that wouldn't count otherwise Tongue but it's good to know anyway.
Yes.

Also I am just thinking of it. NeuroticFish is also correct. Although we may not be able to spend the coins on Electrum directly, but Electrum wallet will still be able to generate the keys needed for coin recovery and spending. But let us hope that this will not change one day as they do to Android Electrum. Before on Android Electrum, you can get the keys, but now not possible.
659  Bitcoin / Electrum / Re: return change back to the paper wallet on: January 19, 2024, 03:33:14 PM
is it possible to have Electrum returned change back to the paper wallet?
Paper wallet has only one address. If you have spend the coins and you do not spend all at once, the change will be sent to the address that you are spending from.

I heard that this is not a good idea when it comes to privacy
Yes. If you want a change address, you can create another paper wallet using an airgapped device and spend all the coins by sending the remaining coin (change) to the paper wallet address that you have just created. Let it be be in the same transaction with the coins that you want to spend. It is still 1 input and 2 outputs.
660  Bitcoin / Electrum / Re: [Bounty Inside] Restoring an electrum seed phrase into another wallet on: January 19, 2024, 12:30:37 PM
Bluewallet is not having testnet. If it is mainnet, you can use Bluewallet for the recovery.

Code:
lazy fit float begin ugly skirt garage frost birth skin inner brown

 

Worth knowing that the transaction made on seed phrase imported from Electum to Bluewallet will not support Replace-by-fee if used for making transaction.
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