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Before Kuda, OPay, Palmpay are known, you will still notice gradual improvement in commercial banks. I can remember vividly in 2014, that all failed ATM transactions on my card were all reversed, unlike some years before that you have to go to bank and complain to customer care. Although, there might still be failed ATM transactions but it reduced.
The failed transactions that was common around that time were online ones made on devices and which is still a problem today. It was common during the naira scarcity. Sometimes, the payment might be successful, but no notification. It depends on the bank that you are using. I do not have the problem with the bank that I use.
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You can not buy crypto through bank directly. I just want to make this clear because banks are not allowed to get involved directly with bitcoin and other cryptocurrencies. But what you are talking about is buying through payment processor like Visa, MasterCard, JCB et cetera.
Lifting the ban makes it possible to buy cryptocurrencies through payment processors like the ones I mentioned above. I have tried it before and it was fast. But after the CBN ban, I have not tried it and I am not ready to try it anymore as I now prefer P2P. Only what is important is that I should avoid P2P scam.
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This topic wey you write, I been expect say e suppose dey for pidgin English, I mean the title. Something like How many of us fit write well for our local languages.
It does not mean. You can post in English or Pidgin. There is not rule that if a post is in Pidgin, that the topic title should also be in Pidgin. We all understand both English and Pidgin and we can do it the way we want. To dey honest with you, e dey hard many people to write pigin, let alone to write their local language. As Charles-Tim talk, him deh find it difficult to write or read pidgin because different version of pidgins dem dey.
That is not what I meant. Example if I am chatting with a friend. Like: How far bro? I dey. Or Bawo ni? Those are easily to read fast. But if it is getting longer, like posts on this forum, I find it slow to read and there is more energy I put on it to read it to understanding. I can easily use both informally but easily prefer to use English formally. It is not about how you use the Pidgin. I can easily understand but difficult to continue to read it continually for long. |
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If you want real safe solutions, use cold wallets. The problem is only that they not support all of the altcoins. Ledger or Trezor is a good choice. Cheers  Ledger is not a good choice if you care about your privacy. Also its secure element is close source. Ledger or Trezor are not bad, and above all they are better than leaving your funds in Binance, but they implement anti-privacy policies and ledger is mostly poop. Passport is better but it is more expensive than the cheaper Ledger or Trezor models.
The choice between less bad and cheap would be the Trezor model 1.
Only trezor is better. For bitcoin-only wallet, Passport has been the best because it is open source. Use Passport with Sparrow wallet is good. For hot wallet: use electrum, BlueWallet and Sparrow (they have both mobile and desktop versions)
Sparrow is only having desktops versions. But Electrum and Bluewallet are both having desktops and mobile versions. Electrum is not having iOS version. Bluewallet is not having Windows version. Electrum is known to be safe according to several members here
Electrum is recommended but the security depends on how you use it. Do not expect it to be safer when you use it as an online wallet compared to when you use in on an airgapped device as a cold wallet. Also the security is increased if you use it as a multisig wallet. |
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With all this kind of offers some people go quickly dump their investment then focus on the free transaction with their local banks, I'm
The thread I came up with about OPay 15% annual profit is not about OPay but about naira. It was about how naira has been a depreciating asset and the reason people suppose not to use it for savings. It was about how naira price has been depreciating after some months or years. On OPay, you have 3 free transactions or so daily before you will be charged ₦10 for each transactions. 3 transactions in a day is enough. On Kuda, it is 25 free transactions a month. On Palmpay, they also have free transfers. Just do not go for sms subscription and enjoy some free transactions daily or monthly. |
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We don de advocate for the board say make we de write more with pigin as e be say na the general language when every nija person fit speak well but e still get plenty people when no de fit use pigin write as e be say some of them don de used to normal good English.
I find it hard to read and post in Pidgins on this forum. Although, it is easy for me while chatting with friends online. But when it comes to this forum, I prefer English. I think it is because I read and write fast in English than Pidgin while this forum is not just a short conversion with my friend and me. If it is a long posts, I may not even finish reading it if it is in Pidgin, unlike English which is easy for me to read fast and clear. English is easier because we were taught in school in English. Reading English from basic school to tertiary school takes decades. As we are growing, we noticed that we got better in English. But when it comes to an average Nigerian, we know say most of us fit speak our Hausa, Igbo, yoruba or Efik well but when it comes to writing in those our local language eh, e de always de very difficult.
It is easy for me to speak my local language. Also easy for me to write my local language. But to read it is hard for me just like Pidgin. If it is conversation online with my friend and me, I find it easy for those short conversations. I even use with my local language to chart with people than they do with me. But if it is a long text, I will not even finish reading it as I find it difficult to read and that will make me slow to read it finish. |
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On one hand, I am thinking with my non-business sense that BlackRock did this to have more money to buy Bitcoin for their ETFs. I may be wrong but they need money more than ever before to be able to control the bulk of the coins.
BlackRock is not a small asset manager but the largest asset manager in the world with $9.42 trillion in assets as of June 30, 2023. It is business and BlackRock did not just bought a company but it would be for profit reason. Although, I do not see any link between acquiring Global Infrastructure Partners (GIP) and their iShares Bitcoin Trust ETF (IBIT). |
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You can actually follow the guide link from Charles-Tim, but I don’t think that actually removes the unconfirmed transaction because as you know an unconfirmed transaction cannot be removed, what is basically done is you’re double spending same transaction and since the new one would have a much higher transaction fee it gets confirmed first and then invalidate the first one. Even if you delete the local transaction and didn’t broadcast a new one it will still be there and could get confirmed later if the mempool congestion reduces before it is totally dropped from all nodes
What I noticed is that if the coin is dropped due to mempool congestion making the purging to be greater than the fee rate used, or the transaction is getting longer than 14 days that most nodes would have dropped it, some nodes can still have it because nodes can change the default settings. That was why I am not surprised when a transaction I made dropped from mempool of a node but I was still able to accelerate it using ViaBTC free accelerator. But if you replace the fee using opt-in RBF, the transaction will drop from mempool of other nodes. For full RBF, I am not certain about it and you may be right. But I am not sure. It used to have an option for RBF in the preference section but it seems now it's not there. I guess RBF is now a default setting for Electrum.
You are referring to opt-in RBF. But this is about Full RBF. Electrum remove the option and make all transactions to be flagged as opt-in RBF since version 4.4 or so which was some months ago in last year. So all transactions made on Electrum now all support opt-in RBF. |
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There is no issue with my Litecoin and it instantly syncs once I open my unstoppable wallet. (Although i don't have much LTC in my wallet)
I noticed that BIP44 litecoin addresses are easier to synchronize with the blockchain, although it took up to 1 minutes before it did. I noticed that BIP 49 was the next. Followed by BIP84. While BIP 86 was the slowest that took more than 3 minutes to get to 26% just now and I did not wait for it to finish synchronizing. You have coin on it. If you open the wallet often, likely you might not know the synchronizing issue. But if you just want to use it or enable it to be on your coin list, you will notice the issue. Litecoin transaction fee is low, can you transfer the coin and see if there is any issue as I had issue with it in the past with pending and failed transaction. If you open your wallet daily, you may not know the issue, especially if you have the coin on your list and you have several coins in a way you are not seeing litecoin unless you scroll down. But if you leave your wallet for some days or a week without opening it, you will see the synchronizing issue. I have a wallet on the two devices that I have left for like 2 months now, for litecoin they are not even synchronizing at all and showing a triangle in red. I mean on both devices. |
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If you sent the coin and you saw the coin on your wallet, that means what I posted up there is valid. But if you sent the coin but you did not see the coin on your wallet but sent to a different address entirely, that means it is a clipboard malware. If it is a clipboard malware, you will need to format your device and follow the safety advice I included above.
But it is still worth saying that you can get cold wallet instead which will protect your coins than hot wallets. Or you can go for a multisig wallet.
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Someone knows your seed phrase or private key already and the wallet has been compromised. Do not send any coin there again. It can be through online malware attack or someone saw your seed phrase or private key backup.
Advice:
Format your device and reinstall its operating system.
You can add passphrase to your seed phrase to extend the words.
Backup your passphrase and seed phrase separately (but not together) in different locations. If you lose your passphrase, it is like you lose your seed phrase because you will lose access to your coins.
Avoid malware. Do not click on ads. Visit only the correct URL. Avoid search engines (like Google etc cetera). Avoid torrent files.
For better security and safety, use cold wallet. Or multisig wallet.
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There is possibility for a bear market which could be sharp and some price gain some hours after. If this will happen, it would be before halving.
Some months after halving, be expecting bull market. Even some weeks to halving (like 2 weeks to halving), the market will not be bearish at all. If there would be a bear market, let us expect it before April.
Is it worth selling your coins now? I will say no because bitcoin price is still going all-time-high. My advice is that you can wait before you will accumulate more bitcoin to see if you will be able to buy more at lower price before the coming bull market.
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You will need to increase your posting quality. Some people have been tracking what you are posting and keep reporting you to moderators. If it continues, you might get a temporary ban for 7 days. To avoid this, increase your posting quality.
Edit:
Your trust history is not good at all. Your posts are said to be AI generated. That you are using AI tools like ChatGPT for posting. You need to stop the use of AI. Just be natural about this without the use of AI. Also avoid plagiarism.
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The last advice is very important. But it is worth knowing that if you go 1x with coin margin and open 1x long or short position, that is 2x leverage.
If you trade stable coin margin like USDT or USDC margin and you open long possible with bitcoin at $40000 when it increased to all-time-high but fell back to $40000, thinking the price will continue to increase, bitcoin decreased further to $15550 and that means the money would have been liquidated.
Another disadvantage is the funding rate which may not favour those that open a long position. This is enough to discourage anyone to leave his coin on an exchange. Just buy the coin and send it to your wallet and leave the coin alone until the right time. Be boring with it, do not continuously checking it and thinking you should sell when all-time-high has not be gotten to.
Some people even regret that they wished to have hodl instead of trading. Take note that I am only referring to coins like bitcoin and not the shitcoins.
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I wouldn't trust entirely airgapped devices.
Even airgapped machines might be infected via BIOS/EIFE (and or hardware drivers) malicious payloads.
Once you formatted the computer and reinstall the OS, there is no problem. That aside, if the airgapped device is infected, not going online but completely airgapped, how can it affect the wallet installed? No malware that can modify wallet. Unless you downloaded the wallet from a fake site or you downloaded a fake wallet which can make it compromised. As long as the wallet is legit, recommended and airgapped, there is nothing that will happen because you only want to use the device for signing transaction and also for other offline purposes. I am not recommending this but this is how it is Sometimes hardware wallet is not necessary, especially if you need the wallet just for bitcoin. I have an old laptops that is now completely useless. That is how some people old laptops are and they can use it to setup airgapped device than wasting money on a hardware wallet. |
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Once the seed phrase is generated I'll backup and import it into an air-gapped hardware wallet. But I personally prefer to use a popular open-source wallet for creating the seed running on my Desktop PC (my hardware). I'd use Electrum or Bitcoin-Qt but I understand they cannot create BIP39 seeds.
. My question is: why don't you generate the seed phrase on your hardware wallet? If you trust using it, then you should trust it for generating you the seed phrase. Also, another question: what's your hardware wallet? The majority are not airgapped. Good question. I will like to know about this. From how he posted it, I thought he was referring to his computer. I would advocate hardware wallet as a SEED source. At least with such opt you could be able to use the multisig set up grounded on Sparrow and your air-gapped HW. Here you can find the instance relevant to Passport-Sparrow-multisig wallet. Even offline computers (being infected ) may create compromised SEED. Airgapped devices are also good if you know what you are doing. You can also use airgapped device for seed generation. As long as you format the device and reinstall its OS with the Bluetooth and WiFi card removed, then you have nothing to be worried about. Some people can even go for Tails operating system which comes with Electrum installed, or using formated drive or card to save the wallet downloaded file and install it on the airgapped device. |
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It's a one-way function that can't able to reversed. Wrong. When it comes to secp256k1, then it is fully bijective, which means, that it can be reversed. But nobody knows, how to do that. I do not really understand what you meant. That it can be reversed but nobody knows how to do that. If no one knows how to do that, does that not mean it is not reversible. According to what I have read before, it is not reversible. Or the book is not correct? Public Keys
The public key is calculated from the private key using elliptic curve multiplication, which is irreversible: K = k * G, where k is the private key, G is a constant point called the generator point, and K is the resulting public key. The reverse operation, known as "finding the discrete logarithm"—calculating k if you know K—is as difficult as trying all possible values of k, i.e., a brute-force search. Before we demonstrate how to generate a public key from a private key, let’s look at elliptic curve cryptography in a bit more detail.
Okay if the book is wrong, can you explain better what you meant as bijective and also give a clear explanation how it is reversible. |
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No need of duplicating your topic. I reported it and maybe some other people reported it and it was moved from wallet software to altcoin discussion because you are referring to ether which is an altcoin. Wait for people that know more about ethereum. No need of opening the same thread on wallet software board again just like you just did because this thread was moved to altcoin discussion. |
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Just be careful of people that you tell that you are making some money on this forum. People that are buying bitcoin or receiving reward in bitcoin need to be careful. Especially of offline attack like physical attack can be possible and by avoiding people about you receiving bitcoin weekly would be better.
Just play your card right. To know Yahoo guy is not difficult to know. I know people that are into online means of earning and there has been no problem.
If it comes to police case, you will be able to defend yourself and you have nothing to be afraid of if your hand is clean.
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