When I first stumbled upon Bitcoin, I was told that if you buy Now you would make more in the future. I got hooked without even knowing its uses and why it was created.

The limited supply of Bitcoin like land has made it turn to an investment opportunity with many not even knowing why it was created and market its meant to satisfy.

Bitcoin, according to the white paper is a peer to peer payment method. It serves as money with no third party or central body involved. Currently, it hasn't fully meant the criteria of money due to certain limitations but it has helped one become their own Bank. Not to mention, Created more uses than satoshi anticipated.

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Don't get me wrong I'm not saying it as an investment is bad since it has helped in increasing the community but many people have become so concerned about its price and have forgotten it's inherent uses.

Alright, i just checked the site and they referred me to a four month program with Indian institute of technology kanpur starting Nov 2nd and they are asking for my phone number during registration. is that safe?
It might not, but am of the notion that it would serve as an evidence that I passed the program. I checked their course to write the exam is $99.9 to be renewed every two years at a lower fee and their book is almost $35 when mastering Bitcoin is free.

Scalability has been a big issue for Bitcoin in recent times and with how the community is divided into various school of thought, I don't really see a consensus in the short term. Every ideas brought up offer an answer to the problem but with diverse weaknesses. There's no perfect solution, all available solution requires a compromise and many don't want to

Side chains require validators which is against the permissionless and trustless ethos of Bitcoin.
Block size increment would increase scalability and transaction fees which is a benefit to everyday user but not to miners since it becomes a situation of lots of sellers and few buyers and the cheapest Trx wins. Besides an increase would create a fork.

The battle on scalability has been ongoing for years and no side have been able to convince the other. Sharding? I came across it sometime ago and read that ethereum are working on their very own sharding technique. Like other solution to Bitcoin scalability it is limited by its flaws maybe it would be better if it could be implemented off chain.

Hello everyone, I plan on improving my CV by adding some cryptocurrency courses . Since one can gain a certificate online, I want to use my free time to study a course; nothing specific on cryptocurrency and block chain technology.

I researched on some like coursera which I saw doesn't give certificates in respect to Block chains (I don't really how true that is) and also mygreatlearning but I don't know how good their course is. I would prefer recommendation on an online course that the certificate can be respected for its quality and also free( but not a major concern).

Thanks for your time.

I don't think Bitcoin was created to be worshipped like this. Just like most popular inventions it was created to Cater for the need of a niche. Bitcoin exist in an environment and like every other unit in an environment it is affected by various factor Economic, political etc.Nothing can exist outside an environment. It needs to give output and receive input's.. Bitcoin like every other man made invention's is flawed but subject to improvement's.
Nothing of mortals transcends time.

Naija Local board.
First application

Link 1: https://bitcointalk.org/index.php?topic=5471051.msg63026691#msg63026691
Link 2: https://bitcointalk.org/index.php?topic=5450855.msg62178401#msg62178401
Link 3: https://bitcointalk.org/index.php?topic=5449034.msg62100262#msg62100262
Link 4: https://bitcointalk.org/index.php?topic=5471060.msg63026774#msg63026774
Link 5: https://bitcointalk.org/index.php?topic=5469396.msg62958913#msg62958913
Link 6: https://bitcointalk.org/index.php?topic=5470116.msg62997504#msg62997504
Link7: https://bitcointalk.org/index.php?topic=5471096.msg63028693#msg63028693
Link 8: https://bitcointalk.org/index.php?topic=5470613.msg63012108#msg63012108

Thanks for your support. It really has helped with the quality of posts in our local board
Also added some post I found interesting.
I also find some post/comment from other member worth meriting so I added them to my application.
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I have always frowned towards court marriage with a man signing half of his wealth in case of a divorce. I see one post here wey talk about men wey don dey keep their asset for block chain to protect their wealth in case of divorce. White people don get detective/forensic wey dem dey use take track the digital currency for situations like dis. E dey hard but sometimes dem dey run ahn and the woman go take her share.

My question na b say naija court dey ask for person crypto wen dem dey talk asset to share for divorce?
Na bad thing for man to keep some of his asset away from court proceedings?

I nor see how color take affect our situation really. We dey pass tru same things in life white do but they just lucky/ smart to be world leaders. Who Fes reach sth na dey decide how the rest wan pass.
I don't think its prefer but what we are given. Personally I find practical more interesting than theory which most if not all black youth enjoy.
@OP It might be my poor understanding but i don't really understand the direction of the thread. But if its about how book is killing Blackman then my thought would be lack of practical is affecting us not the book. There exist good books at there despite the poor ones.

Cryptocurrency adoption in our country has been increasing over the years due to our unemployment rate and inflation rate. I believe currently holders of coins before Tinubu's rule has experienced a great deal of profit with Naira falling in relation to Dollar.
I know that one's opportunity can be another's threat. Is the continuous fall beneficial to crypto traders or its just a trap?
Personally what are your thoughts on this?
Does the benefit from the market compensate for the cost of living?

LGTBQ?
I can't tell how Bitcoin got related to religion.

I guess this is how you speak according to your post history but I don't think there's anybody here who isn't aware of the upcoming halving.

I have been off from Bitcoin talk for something due to certain matters, on getting back I realised some link I posted were tagged "suspicious link deleted ". This shows that I access sites that are not secure, this I believe might be detrimental to me in the long run. My question is what does the forum consider a suspicious link?
How can I tell if a site is suspicious?
Assistance on sites I can gain information that ain't suspicious.

I tried searching for a thread on the topic but couldn't find any via Google search engine.

Thanks for the assistance.

Hodling is the best since there's no loss in the case of Bitcoin all you have to do is wait. It doesn't mean its easy. Its a psychological battle with everybody having their method of persevering either due to their belief or another reason. Despite my belief in Bitcoin I'm still plagued by doubt and fear when it falls. I don't really have anybody to discuss my pains with but Currently what I do is go to the WO thread and start reading. People there joke and are sometimes happy when Bitcoin falls. They want to buy the dip, this usually helps me persevere and the wait is always worth it. I would be like "they having Bitcoins worth thousands of dollars and ain't scared then why should I"

If there's anything as Anti- trading then I'm one. No matter how good your analysis is a news would still destroy it. The only way you recover is through holding.

My bias view.


Those trading Altcoins have a heart of steel

Biasly, if that's a word I would say HODL than trading. Experience is a ruthless teacher. Except you are trading a coin like Bitcoin and not selling in a loss. Optimistically I believe its achievable but knowledge and capital matters a lot. Bitcoin ain't shitcoins that do 70% rise and 90% fall.

Thanks @philipma1957 and @shahzadafzal for clarifications now I see where the flaw in my thought process was from. I was so fixated on the price that I forgot why Bitcoin was created Thanks once again.

Good day all. I hope my question falls under the umbrella of this thread if it doesn't do help in recommending where I can make said post. Thank you.

I was always of the notion that there's an invincible price that if Bitcoin falls lower than will spell doom for its survival. I used the cost of mining a Bitcoin since I was of the belief miners won't want to mine in a loss. But a finding showed me that Bitcoin price was lower than its cost last year and nothing was affected except it reduced the number of miners. I tried finding the current cost of Mining a Bitcoin but the data's I found were different.
My questions are

Where can I get real life data's(numerically) of good accuracy of Bitcoin because using google hasn't been encouraging.

Is there any minimum floor Bitcoin shouldn't fall lower that will spell its doom?

Hello everyone. My question might come as been stupid or childish so constructive criticism would be appreciated.
I have come across a lot of users that plans on accepting Bitcoin in their business and I'm curious on how they tackle fraudulent problems.

• If for example a user of a custodial wallet sends Bitcoin to buy some goods and the seller voluntary chooses not to meet their end of the bargain, who are they going to complain to?

• In countries where crypto are considered illegal isn't it risky to accept Bitcoin as a medium of exchange? Then why are some people still accepting it?

• In a trade does the buyer send their Bitcoin first or the seller send their goods/service?

• Lightning network has been praised for its speed in transactions thus used by many individuals. Does transactions only involve those you trust? Or there's a basis for the confidence of not been scammed?

• I'm well aware of the dangers that centralized exchange poses, but doesn't their access to customers data make it feel safer to run a business? (Not to be confused for safekeeping of coins, just a means to run the trade)

I have been contemplating this for sometime now so assistance would be appreciated. Thank you.

I came across a post on reddit that talked about a website by doge coin developer called arewedecentralizedyet.com which for reasons I know nothing about have been removed but some comments like I was expecting something of this nature when I saw the post title, but here am seeing  mixer and decentralization. There exist centralized and decentralized mixers and a company able to collect customers data doesn't mean Bitcoin isn't decentralized.
Are you going to also point out that since there exist centralized exchange then Bitcoin is centralized?
Mixers doesn't equal decentralization nor is it compulsory to secure ones Bitcoin.

is not might they are at risk.
They are trusted but not trustworthy. People despite all the warnings still trust in Binance to  safekeep their funds. Even while other exchanges are making users loss their funds they believe "Binance is different"

The thread purpose is good since searching for a good exchange in the net are usually filled with exchanges showing what the people want to hear and not what they really are, take Trustwallet for example they still consider themselves open source when they are not. But the thread is too common who really need information on a wallet or exchange can just search for it via the forum search bar.

una well done. I know say some of us one way on the other still dey operate binance na make I run ahn here. I jam one post online https://[Suspicious link removed]day/binance-silently-changes-terms-of-service-details?amp wey talk say binance make small change for their terms and condition say if dem delist any coin and u still dey hold ahn dem fit convert ahn to anoda without ur consent more reason to avoid centralized exchange. This change wey dem make dem nor announce ahn bcus even me nor b see ahn and I dey use binance once in a while. This na proof say make we dey try dey read terms and condition bcus laziness b nor dey lemme read them since dey too dey long and dey boring, but this mata make me see how dangerous e dey to neglect terms and condition, na so dem go for make change wey go affect me and I nor go know.


I believe is not going to be easy leaving binance since I don't believe all of us here only care about the HODL Bitcoin but also the trading of altcoins in platforms and to other users.
Despite it's shortcoming as a centralized exchange Binance meets the requirement of allowing us buy coins from others without been easily scammed( safer than buying from vendors we know very little about and our country having no regulation on cryptocurrency to protect the victim), not to mention its popularity in Nigeria.
Exercising caution is advisable. This forum has stressed on the disadvantage of centralized exchange so we should always try moving large amount to an open sourced non custodial wallet like electrum for HODL or decentralized exchange like Bisq, Dexilon(relatively young) etc for trading.

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Success on the Hustles.

I was working on a thread about Bitcoin decentralization but have been busy due to school activities. Creating several mining pool might temporary reduce centralization but a small mining pool might not be able to keep up with the ever growing cost(Hardwares,power etc)of mining. keeping other things constant mining will continue to be centralized as the cost of mining increases.

Many people have proposed ways to deal with this but there are certain flaw in the implementation but as technology evolve so do humans. Definitely someone will bring a win-win solution. As times goes on more updated ASICs would be created that would produce more hash per second so also the cost .The Antminer S19 XP Hyd possesing the highest hash rate has an hash rate of 255 terahashes per second.