It looks like icopress supporters are starting to arrive. So you blame bitcoingrils for banning jambler? Where do you and several members get their income from? even though it violates the forum rules? So what trust should we give you? ignoring forum rules about mixers for personal gain. That should deserve a neutral or negative trust.
If drug trafficking is prohibited, who will receive the harshest punishment in court, are the drug dealers or drug factory owners? Jambler is a mixer factory  You did not understand me at all. This is not about where people earn money from or not. This is also not anymore about a mixer should be banned or not. It is about this: What really bothers me is how some users thoughtlessly, seemingly without even thinking updated their default trustlist. First openly [1] and then in PM, icopress told everyone [that are in his campaigns, targeting those who are effected by Jambler's ban] to distrust BitcoinGirl.Club and they did. Why icopress did that? Because he did not like my detailed documentation for his lie on my face and the neutral feedback I left for him & Jambler teamBtw, Jamber is not a mixer.
Icopress sent PM but it was about Hugewin campaign. He told me to put on the signature and avatar and nothing more. And also there is no where that icopress posted that we should distrust BitcoinGirl.Club. Which means he is only telling lies, alleging that icopress did something like that but which is not true. |
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What really bothers me is how some users thoughtlessly, seemingly without even thinking updated their default trustlist. First openly [1] and then in PM, icopress told everyone [that are in his campaigns, targeting those who are effected by Jambler's ban] to distrust BitcoinGirl.Club and they did. Why icopress did that? Because he did not like my detailed documentation for his lie on my face and the neutral feedback I left for him & Jambler teamBtw, Jamber is not a mixer.
I think I have missed a lot. Where did icopress openly told people to distrust you? Or you openly but indirectly told people to distrust you. I was in Jambler campaign and icopress did not tell me to do anything. I do not believe icopress can even do anything like that. Because some users in Jambler distrust you, do not think icopress send them PM to distrust you. Some people do not think Jambler is a mixer and that you intentionally looked for ways to bring it down and you have succeeded in what could have been helpful for some members on this forum. It is like you alleged that icopress did something, but if it comes out that it is not true, what trust should we give you? That should deserve a neutral or negative trust. |
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If it is business, I expect bitcoin mempool congestion not to affect it because all business has fiat as their primary payment option. For very few that are only having crypto as the only payment option, altcoins can be used. The service that I used online just not quite long supported lightning network and altcoins and I chose lightning network. Although, I was surprised to see it accepting lightning network.
I do not have the people you are calling the spammers to blame. Bitcoin developers created a way for the people that you called spammers to create tokens. If it is accepted as transaction fees need to be replacing the mining reward gradually, but something supposed to have been done to not make the mempool to always not more to 1 to 50 sat/vbyte. It supposed to almost remain low which is 1 sat/vbye.
Despite the increase in the fee, we do not see the proposal developers are towards as of now. Even if it is the proposed drive chain or spider chain, it would be good if it is easy and trusted than the lightning network. But we need something simple like the onchain transaction,and what will not require onchain fee at all if possible. Or bitcoin developers should make the miners transaction fee to be very low by developing ways that the mempool will not be congestion despite bitcoin tokens are becoming many. But I do not think they are ready to do this.
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I created a topic related to this recently, although the topic is different from this one. This is it: Dollar rise: EFCC continues crackdown on cryptocurrency platforms, othersOn the thread, I posted about some analysts opinion. Foreign analysts said dollar rose slightly against the naira between Wednesday and Friday due to interbank moves of the commercial banks. An analyst stated another reason which I think might be one of the reasons. He said the parallel rate was ₦950 when the official rate was ₦1001. Some people will buy dollar with naira in parallel market at ₦950 and move it to their bank to sell at official rate of ₦1101. He said it contributed to the price increase. Although an analyst said the traders on crypto exchanges have started to increase their price again, but which I think is not the reason for the naira price depreciation. These people have even forgotten that official rate is not the same as the parallel rate and the crypto exchange rate. Even in banks, they have slightly different rate. You can see many people that wants the naira to increase in price to be illiterate when the inflation in the country continue to increase. Beef meet per Kg that was 5000 naira before which we said has become to much expensive is now $6000. What was sold at 2000 naira last year. Inflation is increasing in Nigeria but they do not want dollar rate to increase. Despite decrease in the price of diesel from ₦1900 to ₦1000 now, and dollar from almost ₦1900 to ₦1001, but now (₦1260 or so), the price of local products is still high. |
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I no know whether to call this a good news or bad news so. Whichever way so, the binance executive extradition to Nigeria go bring so many questions on how he was able to escape from Nigeria's custody.
Let us see what will happen. Nnamdi Kanu is an agitator demanding for Biafra nation. Court ordered him after he was released from prison not to appear among many people. He disobeyed and he wanted to be arrested again which made him travel abroad. He was left alone abroad until he traveled to Kenya. Kenya may see it as an offence which led to his extradition to Nigeria. But about Nadeem Anjarwalla, we do not know what will happen yet as they were not wanted when they traveled to Nigeria. I do not know much about law and order but let us see what would happen.
Court to hear Binance executive’s bail application TuesdayJustice Emeka Nwite, has adjourned till Tuesday (which is tomorrow) to hear the bail application of the detained Binance executive, Tigran Gambaryan. https://punchng.com/court-to-hear-binance-executives-bail-application-tuesday/ |
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Username: Charles-Tim
BTC SegWit Address: bc1qngjvgn7quv8amr2u49cx2hvk0wjcwyjk05szs9
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I have imported my wallet into blueWallet, and I'm about to make a transfer, but I keep getting a "socket is closed" message, which is preventing me from making the transfer. What does that mean and what should I do?
Why not try Electrum? Electrum is available on both Android and Windows. Also on Linux. My preference is desktop Electrum. On desktop Electrum After you name your wallet or using the default name, click on standard wallet -> I already have a seed -> Options -> select BIP39 seed and click on OK. Input your BIP39 seed phrase which is Trustwallet seed phrase, click on next and select native segwit (p2wpkh) to proceed. On Android Electrum Click on standard wallet -> I already have a seed -> click on Electrum at the upper right corner and click on BIP39 -> input your seed phrase and select native segwit (p2wpkh) to proceed. |
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Trust wallet is only good for altcoins and not for bitcoin, and it is good that you use only a bitcoin open source wallet to store your bitcoin and use altcoin wallet like trust wallet to store your altcoins, it is very safe that way.
Trustwallet is a close source wallet and it should not be about the coin it is good for or not, but not to use it as you do not know if the wallet has backdoors and also maybe it is spying on you or having hidden vulnerabilities that are intentionally added by its developers. |
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I think our government knows what they are doing. The fleeing Binance executive isn't clean and might be guilty of those criminal charges leveled against him,if not,why then is he running. I think we should all support our government on this.The fleeing Binance executive should be extradited and should be taken to court were he can defend himself against those charges and proves his innocent before the world..I rest my case
The Binance executives are guilty of what? You do not see the Nigerian government to be harsh on them but you see them guilty. Nigeria government has used this to teach other foreigners lesson not to come to Nigeria to address any issue but to stay in their country and communicate online instead. |
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Binance executive arrested in Kenya is already existing on the thread we are discussing about Nigeria vs Binance issue: Kenyan police arrest Binance executive who escaped from Nigeria. after bringing the binance executive back to custody in Nigeria, what next? Is it just they can pay up for what fg has fined them to or what?
The court case continues. May 17. The court will likely tell Binance to pay fine. |
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Kenyan police arrest Binance executive who escaped from NigeriaBinance executive, Nadeem Anjarwalla has been arrested in Kenya and there is possibility that he will be extradited to Nigeria. One of the sources said, “Binance executive, Nadeem Anjarwalla, has been arrested by the Kenya Police Service, and he would be extradited to Nigeria this week by INTERPOL.”
Another source noted, “As we had said before that Anjarwalla would be extradited, he has been arrested in Kenya, and he’ll be extradited to Nigeria this week.”
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Correct me if wrong. MMM was not a ponzi scheme but a pyramidal scheme. It was a pyramidal scheme.
People that are scared to invest online not because of ponzi or pyramidal scheme but because of ignorance (lack of knowledge and experience). We all know that MMM was a pyramidal scheme and not legit as it was a pyramidal scheme.
Or was MMM offering any product or services? It was not than being a pyramidal scheme which the CBN or the government even warned you about. But some peoole may not want to believe as government can lie sometimes but if you make the research, you will see a lot of warning online about MMM.
We knew it was going to collapse at the beginning of the scheme because no ponzi or pyramidal scheme will continue to exist without collapse. It will collapse. And it collapsed.
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The mempool is becoming less congested. It is 92 sat/vbyte for high priority right now. Let us expect less congestion and you can be lucky as you use 63.154 sat/vbyte for the transaction.
If you use a wallet that supports replaced-by-fee, it would be a good advice to increase the fee. The transaction is not supporting replace-by-fee. Use wallet like Electrum, Sparrow or Bluewallet nextime instead.
Immediately after new hour, try to use ViaBTC free accelerator to see if it will work to accelerate the transaction.
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It is better you use a better wallet like Electrum, Sparrow or Bluewallet. They are open source. Unlike Trustwallet that is close source. When the fee is high, Trustwallet user do complain of error. Import your Trustwallet seed phrase on Electrum to send the coin. It is better you generate new seed phrase on Electrum and send your coins there. Firstly op you can't manually edit your fees on trust wallet. Trust wallet uses a default fees selection system where it automatically selects the best fee for you per say which means that it will definitely pick a high fee so you can get a quick confirmation.
You can customize the fee on Trustwallet. |
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What did EFCC has to do with exchange crackdown when the SEC, CBN and other appropriate organizations for bitcoin and other crypto are not mentioned.
Does this answer your questions now? Or do you want us to start quoting the Constitution? Regulatory agencies like Central Bank of Nigeria, Securities and Exchange Commission and National Lottery Regulatory Commission do not have prosecutorial powers, hence they transfer offenders to the EFCC for prosecution. Besides, EFCC is the coordinating agency for the enforcement of all economic and financial crimes. Binance officials and Bureau De Change Operators were handed to EFCC to prosecute. I guess things are clearer now. EFCC deal with crime and not exchanges crackdown. I have talked about this before. We are discussing about naira exchange rate. Why should they link it to EFCC directly. What we expect to see is SEC and CBN. EFCC will work with those organizations. Like SEC or CBN can tell EFCC who to arrest. Or EFCC to work with the exchanges to take down some criminals or their money but which has nothing to do with exchange rate.
But I am talking about naira exchange rate and crypto exchange crackdown in Nigeria which has nothing to do with EFCC. I understood clearly what I was talking about. I want to understand something how does cryptocurrency itself affect the price of dollar against naira,
What the government are after is naira exchange rate unification. The government are blaming anything that do not want to make that possible. People on crypto exchanges have their own rate and which the government do not like. When dollar official rate was ₦1600, it was ₦1800 on the exchanges and parallel market. The government do not like that and use it as a privilege to tell Nigerians that, that is where the manipulation is from but which is not true. But why the government increasing the official rate also at the time when they need money for 2024 budget, pay worker salary and also to pay Chinese loan. The parallel market is lower than the official rate now but there is another manipulation. Who will they arrest this time. When the CBN rate was ₦1101, the parallel rate was around ₦950. People are buying in parallel market at ₦950 and put in their bank domiciliary account to sell at ₦1101. I been talk am say after Binance, they will go after other centralized exchanges, and as things be now, na only a matter of time before that happens.
If mempool is less congested, using decentralized exchange will not be a problem. But I do not think it will get to the extent that all exchanges P2P will be banned from Nigeria. I hope Nigeria government will be able to handle this appropriately in a way Nigerians will not suffer from their stupid actions. |
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They have just repaired some loans and borrowed loan again. but if this loan is to be used in stabilizing the economy or used to sort out our local issues that's already on ground and not for meaningful project that will give us greater returns in the long run, then this borrowing is damn unnecessary.
I think these are the reasons for the loan: He listed the agricultural sector as one area the Bola Tinubu administration is looking to spur growth in the medium term, noting that efforts in that area include the distribution of fertilisers and seeds to reduce food prices and enhance food security.
Other programs, according to the Minister, are: increasing power generation to about 6000 megawatts within six months, provision of infrastructure especially housing with the goal of making low-interest mortgages available to Nigerians, revamping of the social investment program and proposed economic stabilisation plan. If they want to lessen food prices, they should open land borders and stop naira manipulation. |
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If you want to know the cause, you can read about Runes.
They are tokens similar to BRC20 or so. Their transactions are making the network congested. Also Ordinals are part of the reason that we should not neglect.
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Our politicians are too old fashioned to even think of hiding such money in Bitcoin. Most of the looted money recovered from our politicians were traced to foreign banks and abandoned properties. Never seen any Bitcoin use case.
I can not agree more. You are right. Terrorism, banditry, money laundering and ransom are all still always linked naira. Although, it is possible that they can be linked to cryptocurrencies, especially money laundering, but naira will still dominate. I think the case for Yahaya Bello is about embezzlement which can lead to money laundering. Most laundered money are in bank. Or the money is buried somewhere. |
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Are you SEC spokesperson now? And there nothing to read in the OP - I was only interested in the last part of your comment that I quoted about EFCC involvement in all this and I just gave you reason why they have every right to operate the one they're doing now.
If you did not read all but just little part, then you do not need to post. I only see it as not read all the answers but just conclude what you see first is right. We are discussing about naira exchange rate. Why should they link it to EFCC directly. What we expect to see is SEC and CBN. EFCC will work with those organizations. Like SEC or CBN can tell EFCC who to arrest. I do not need to read the entire copy and paste articles to know what the discussion is all about. You're passing the wrong narrative and I came in to address it. Isn't CBN leading the whole Binance and Naira exchange investigation alongside SEC? EFCC are only acting on request. I don't understand what made you think EFCC are acting on their own on the whole Naira exchange investigation. EFCC never acted alone as you claimed-
The government has adopted many measures to stop the fall. Recently, it asked its Economic and Financial Crimes Commission to arrest Bureau de Change operators for speculative activities.
Did you read the topic title? This is it: Dollar rise: EFCC continues crackdown on cryptocurrency platforms, others What the two sources said: A source said, “The EFCC is going after all currency speculators to stabilise Nigerian forex.”
Another source noted, “The commission is not only going after Binance but other cryptocurrency compliance and exchanges, this has been helping in stabilising the market.” What EFCC said: Reacting to the development when contacted, the spokesperson for the EFCC, Dele Oyewale, said the commission was doing everything lawful to ensure sanity within the country’s forex market.
“The commission is doing everything within the ambit of the law to ensure that there’s sanity in Nigerian the foreign exchange market,” he said.
With these, I believe you can see fault in the news. The EFCC said what is right but read the topic title, relate it together and understand what I am talking about. I do not know what this has to do with EFCC. What did EFCC has to do with exchange crackdown when the SEC, CBN and other appropriate organizations for bitcoin and other crypto are not mentioned. |
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Nigeria or India?
Nigerian government blocked all exchanges website, went after Binance naira P2P, but left mobile app of the exchanges to be accessible. Binance officials came to Nigeria but they defend them. One escaped but they still want to make Binance pay fine.
India blocked the exchange websites. Later told Google and Apple to remove the exchanges from their app store. They have no one to arrest. Kucoin or so (please correct me if wrong) was given license. Recently Binance dialogued with them and wanted or maybe has paid 2 million fine.
Finance and many other exchanges can not afford to leave Nigeria also. According to Chainanalysis, Nigeria emerged as the number one in 2 trading all over the world and we adopt cryptocurrencies generally.
We are in 2024. There are ways to handle some cases without detention and lawsuit.
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