Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[uchegod-21]

Kyc no be better thing for me to celebrate. Crypto exchanges dey do to make sure say everybody complete kyc for their platform. Binance approve nin for verification last year, from there many Nigerians complete their verification. I no like the idea of linking my bank details to third party.

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I no think say greater risk dey if you use your bvn than if you use your nin. All na the same thing. For people wey get international passport, you go see say nin dey there too, all the information link together.
And I feel say binance no get the whole access to the bvn and the database, the service them dey use na the same service wey website they use know say password wey you put correct or not. Them scrap the bvn data, so if you input your bvn and e match with the data wey government get, e go automatically verify, knowing too well that your details already dey with banks.

My real talk be say, no option of verification for binance dey more risky or less risky, all na same Kyc.

[1714003819]

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[SatoPrincess]

Kyc no be better thing for me to celebrate. Crypto exchanges dey do to make sure say everybody complete kyc for their platform. Binance approve nin for verification last year, from there many Nigerians complete their verification. I no like the idea of linking my bank details to third party.

Aswr but Binance shall get savings to use compensate anybody's wey hacking go affect their funds although if e happen your details dun go be that. Infact immediately you put your details for KYC just know say you dun sell out. Unfortunately majority of Nigerian gaz do am to enable a smooth use of the Binance platform. Complains been dey come ofr nin mata so it's understandable why dem introduced BVN immediately as NIN been dey get small issue.

Binance fit get the money to pay but how sure say e go reach everybody. Binance users still dey sue the platform say them no get access to their trades at one point na so them take lose money way they their trading account. That matter still dey court unresolved. I no be the kind of person way dey put many trust for wetin my hand no fit control.

Na the main thing be this oh, date traffickers go chop welle, before you go run the verification something with your BVN, just know say everything about your life they inside that number. Your house address, face oh, bank details, phone number even your NIN etc all dey inside that BVN number.

E be like US social security number. Na one thing them no dey use play for there coz their existence dey linked to am. All your records dey connected to that number.

[BIT-BENDER]

Honestly guys should this be good news, I no know how una dey feel. When I first joined Crypto, then the main topic na crypto-currency is decentralized, this was a core value of crypto-currency one that even got many governments scared, but as e dey go now I feel say the decentralized qualities/nature of crypto-currency done dey fade. Now we Don dey submit our bvn just to verify a Crypto Exchange which is supposed to be decentralized, now I ask Dem don throway the decentralized qualities?

[CryptocurencyKing]

Honestly guys should this be good news, I no know how una dey feel. When I first joined Crypto, then the main topic na crypto-currency is decentralized, this was a core value of crypto-currency one that even got many governments scared, but as e dey go now I feel say the decentralized qualities/nature of crypto-currency done dey fade. Now we Don dey submit our bvn just to verify a Crypto Exchange which is supposed to be decentralized, now I ask Dem don throway the decentralized qualities?

The truth be say say, nothing done really change about crypto. E still dey as e been dey right from time except say, e get some other projects way von fa in for the system. Crypto na decentralized system way dey operate in a centralized system. Las las, if I wire you something from my wallet, nobody go know say, na me run you the least except people way sabi say, I don identify say, na me get the public address.

Na when I go used exchange way dey centralized, na there con be matter. Binance hands don too clap way be say, e ey very rear before you go see people way no wan dey use there platform dey run matters. As such, them no con dey fear say, them go loose customers again. I no like the BVN idea like that shah via say, before them go con dey get access to that kind data, e fit get terms way them go don bridge with government and imagine as e be now, way CBN dey fine some banks over crypto matter... na this kind thing dey cause the traces. Na fuck up way we go still manage shah.

[uchegod-21]

Honestly guys should this be good news, I no know how una dey feel. When I first joined Crypto, then the main topic na crypto-currency is decentralized, this was a core value of crypto-currency one that even got many governments scared, but as e dey go now I feel say the decentralized qualities/nature of crypto-currency done dey fade. Now we Don dey submit our bvn just to verify a Crypto Exchange which is supposed to be decentralized, now I ask Dem don throway the decentralized qualities?

Senior man, this your talk too go well. And me sef don think this thing tire. You see many of us for this side never still believe this bitcoin money, an average Nigerian dey find wey to convert to fiat anytime. Our oyibo mates dem dey practice this privacy well pass us by far. We just dey read theory for this our side.
Another truth be say, based on the kind country we fall out from, before you go begin talk about privacy, in one way or the other, your privacy go done cast.

But I like as him come make this post here. Him try wella, e better pass those ones wey go enter B/H thread open multiple threads wey no go well. imagine say him post dis kind thing for general forum, dey celebrate Binance weh accept BVN for KYC, e for cast us be that.

[Rruchi man]

So far, I have counted 14 persons who have already declared interest to be Nigeria's next president. They include:

1. Anyim Pius Anyim
2. Yahaya Bello
3. Orji Uzor Kalu
4. Kingsley Moghalu
5. Dele Momodu
6. Chukwuka Monye
7. Bola Ahmed Tinubu
8. Rochas Okorocha
9. Khadija Okunnu-Lamidi
10. Sam Ohuabunwa
11. Doyin Okupe
12. Bukola Saraki
13. Atiku Abubakar
14. David Umahi

The list go long pass so shortly, e be like you ho need to update am....and the truth na say some of them just dey talk say dem wan be president so that las las something or one political appointment go reach their side. Even all the ones wey we feel say go support crypto for 9ja fit shock us finally, e nor mean say make you nor vote ooo, but wetin i dey talk na say we dun dey disappointed, we need  performance not plenty talk.

[Maestro75]

imagine say him post dis kind thing for general forum, dey celebrate Binance weh accept BVN for KYC, e for cast us be that.

Anybody weh deh celebrate Binance bvn for Nigerians no really understand wetin deh at stake o. No be for our own good o.

Now we Don dey submit our bvn just to verify a Crypto Exchange which is supposed to be decentralized, now I ask Dem don throway the decentralized qualities?

Any day any exchange I deh make am force say we must submit bvn, na train speed I go take japa from there. I deh joke no be when e reach that level o. Am sure na to respect regulations make them begin put all KYC things but it is now becoming too much for these exchanges.

Rruchi man no worry yourself for those people weh deh that list. Some deh tell me say none of them go smell that seat, even Tinubu. Una deh see how him want shift enter another party now because he is sensing that APC fit deny am slot for primaries.

[Marykeller]

So far, I have counted 14 persons who have already declared interest to be Nigeria's next president. They include:

1. Anyim Pius Anyim
2. Yahaya Bello
3. Orji Uzor Kalu
4. Kingsley Moghalu
5. Dele Momodu
6. Chukwuka Monye
7. Bola Ahmed Tinubu
8. Rochas Okorocha
9. Khadija Okunnu-Lamidi
10. Sam Ohuabunwa
11. Doyin Okupe
12. Bukola Saraki
13. Atiku Abubakar
14. David Umahi

The list go long pass so shortly, e be like you ho need to update am....and the truth na say some of them just dey talk say dem wan be president so that las las something or one political appointment go reach their side. Even all the ones wey we feel say go support crypto for 9ja fit shock us finally, e nor mean say make you nor vote ooo, but wetin i dey talk na say we dun dey disappointed, we need  performance not plenty talk.

Peter OBi go win
ATIKU go win
Osinbajo go win
Amaechi go win
Saraki go win
Wike go win
Tinubu go win
Sowore go win
Moghalu go win
Yahaya Bello go win.
Dave Umahi go win.
Pastor Bakare go win.
Finally, I don find a way to be at peace with everybody. Once I don speak wetin dey everybody’s mind, I can never go wrong.

[Mr.right85]

So far, I have counted 14 persons who have already declared interest to be Nigeria's next president. They include:

1. Anyim Pius Anyim
2. Yahaya Bello
3. Orji Uzor Kalu
4. Kingsley Moghalu
5. Dele Momodu
6. Chukwuka Monye
7. Bola Ahmed Tinubu
8. Rochas Okorocha
9. Khadija Okunnu-Lamidi
10. Sam Ohuabunwa
11. Doyin Okupe
12. Bukola Saraki
13. Atiku Abubakar
14. David Umahi

The list go long pass so shortly, e be like you ho need to update am....and the truth na say some of them just dey talk say dem wan be president so that las las something or one political appointment go reach their side. Even all the ones wey we feel say go support crypto for 9ja fit shock us finally, e nor mean say make you nor vote ooo, but wetin i dey talk na say we dun dey disappointed, we need  performance not plenty talk.

If I tell you say eh, my mind dey for any of these men there matter eh, that one go be big lie. We no be pikin again way be say, them go dey carry empty promises they turn our head around. If no be say, na so politics just be eh, I for prefer cef say, make them just declare there interest then, them go for the pulls and our judgement on them go be based on formal office way them don hold before, how them perform. If na person way never hold office before, e go sure get watin e dey involved in and that na one good place to start too.

All these there promise of carry crypto along, e fit turn scam las las via say, them just wan be like say them dey for the youth and not the system. You and me know say, these men no dey like fight the system to dey on ground for the people. The. Prefer fight the people and work with the system. Imagine young senator like Desmond Eliot. Way don act several movies way be say, some dey talk about how the system cast and e for be full critic of the system. As e join big belle men, e turn big belle man. Youth like me and you for that matter o. Make them carry the country dey go where hungry them abeg, with crypto, we move!

[Maestro75]

Finally, I don find a way to be at peace with everybody. Once I don speak wetin dey everybody’s mind, I can never go wrong.

If na by that one you think say you don make peace with everybody, like this weh I deh I no happy with you self. How you go say all of them win? Your rigging pass how Buhari and his people take deh ring poverty into our ears. Na joke sha. But make I tell you wetin sup, just be yourself and say wetin deh your mind as you think am because if you think say you go make everybody happy the same time na pure lie be that. You sabi say even as Buhari deh bad reach e get people weh deh ready to die for am? Na so o. This people go tell you say Buhari na the best president.

[uchegod-21]

Rotimi Chibuike Amaechi

As we been dey talk about the declaration of Nyeso Wike, him brother CRA from the ruling party come declare interest for the office of the presidency. As na my man wey I like, e get two things wey happen yesterday wey I like.
1.The multitude wey storm Ph yesterday.
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
Make we dey one side dey watch because the bigger drama wan unfold.

[Franctoshi]

NEW TOPIC

With The General Elections fast Approaching, I was entrenched in my thoughts thinking about how we can make the voting system better.
Can the Application of Blockchain Technology make any possible/positive impact in our Voting system?
Like everyone in the country will use a little amount of currency to vote, since Blockchain is very accurate, fast and highly secured.

If I should score it 2/10 this won't be accepted by our old  grown, sniffing scumbags and old-fashioned and centered political representatives.
But can this be done in the future ?

One more thing, it's high time we stop protesting and start signing petitions against them!

I think if this should be possible, it would be in a tokenized way , that People needs to purchase or have it in order to be eligible for voting
Or another way is to create something like voting NFT'S and will be sold to contestants from various political party in form of ticket.

[Charles-Tim]

Aswr but Binance shall get savings to use compensate anybody's wey hacking go affect their funds although if e happen your details dun go be that.

How about phishing attack that is caused by a centralized exchange data breach which affected some novices and lead to coin lose or compromised wallet? Indirectly, data breach can still result to compromised wallet or coin lose.

Unfortunately majority of Nigerian gaz do am to enable a smooth use of the Binance platform.

Even no unverified user can make use of Binance again, according to Binance, all users to make use of Binance services would have to be verified.

I go beg our people make them never try use this method for verification o. I deh always avoid anything weh get anything to do with BVN.

Binance is a reputed exchange, there is no difference, you data given to Binance can leak and hackers got hold of it is the main issue. For privacy, better not to even do KYC nor get verified at all.

I no think say greater risk dey if you use your bvn than if you use your nin. All na the same thing. My real talk be say, no option of verification for binance dey more risky or less risky, all na same Kyc.

Exactly. KYC is KYC.

[CryptopreneurBrainboss]

How about phishing attack that is caused by a centralized exchange data breach which affected some novices and lead to coin lose or compromised wallet? Indirectly, data breach can still result to compromised wallet or coin lose.

We dey talk d same thing, I say immediately you complete KYC, you dun sell out be dat. Meaning say you dey likeable to any lose wey dey follow hack of account like you talk  but if na for funds no worry binance hand strong. Hope say una know say dem dun hack binance before but no noise come out like dat. Firstly as na Binance be OG and get control over many news outlets for crypto. Secondly dem get SAFU wey dey like insurance for all users for cases of hack. Binance dun minimize the lost in regards to funds but your details are never safe on any exchange after completion of KYC.

I no think say greater risk dey if you use your bvn than if you use your nin. All na the same thing. My real talk be say, no option of verification for binance dey more risky or less risky, all na same Kyc.

Actually I use fake NIN verify my Binance, my Address there no correct and other information too. somehow dem no fit track me come house. That was when Binance just came out though so verification no dey too strict like dat. Now assuming na BVN all my details already dey linked. Some verification process are more sensitive than others.

[Maestro75]

2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.

My brother if na by that one that means you will continue to deh believe politicians and their lie lie go like that. Na so weh Chris Okotie and Tunde Bakare lie say God don anoint them to be winners too in the past elections and we all know the results.

Binance is a reputed exchange, there is no difference, you data given to Binance can leak and hackers got hold of it is the main issue. For privacy, better not to even do KYC nor get verified at all.

Make I even ask you senior man because I don read many places weh you talk about centralised exchanges as no be the way to go, which exchange you deh trade on or you no get any account with any centralised exchange? Or you no deh trade at all?

[CryptopreneurBrainboss]

Make I even ask you senior man because I don read many places weh you talk about centralised exchanges as no be the way to go, which exchange you deh trade on or you no get any account with any centralised exchange? Or you no deh trade at all?

Although the question no be for me but make I throw small light inside. Say person dey talk truth about a particular platform no mean say dem no dey use am or other similar platform. Na just say some of this platforms dem dun dey mumu, before now binance na very good exchange. You fit use dem without KYC but recently dem start to the misbehave mandate everybody to dey complete KYC verification dem before you fit get access to your funds etc.

On top of the mata of platforms to use, We get better alternative out there wey be peer2peer and e get some Defi platforms wey fit do other stuffs binance dey do like future trading etc. Regards him just dey throw light for things to know about all this centralized platforms dem.

[BIT-BENDER]

Rotimi Chibuike Amaechi

As we been dey talk about the declaration of Nyeso Wike, him brother CRA from the ruling party come declare interest for the office of the presidency. As na my man wey I like, e get two things wey happen yesterday wey I like.
1.The multitude wey storm Ph yesterday.
2. CRA speech, the closing side. He said "I thank president Buhari for this great opportunity "
That statement wey him make na wise statement, the thing show say na Buhari anoint him say make him declare interest.
Make we dey one side dey watch because the bigger drama wan unfold.

I think all of both wike and Rotimi has no chance in the coming presidential election. Wike has done well for River State I must say, especially in terms of making the city kf River State motorable like his flyover mission every where. But I don't think he has what it take to rule the country, and  Rotimi on the other hand has lot of laundering case on his hand no be that kin person we need as the president.

[Charles-Tim]

Actually I use fake NIN verify my Binance, my Address there no correct and other information too. somehow dem no fit track me come house. That was when Binance just came out though so verification no dey too strict like dat. Now assuming na BVN all my details already dey linked. Some verification process are more sensitive than others.

I have a topic about how KYC can be deceitful if ignorant of the nagative aspect of it, even with how harder the verification is now, some people are still selling verified exchange accounts, but which can be used by scammers for scam and also the risk of the centralize exchange officials to detect. Some people can go to the extent of using another person's identity which they can pay for.

But the issue is 'assumimg if someone uses his BVN or NIN (his identity) to verify', KYC is KYC. Like if NIN is used, the hacker would be able to know the name of the person and his home address, know his facial look and a lot about the person which can be used to trace the  person as they know his real Identity already. KYC is KYC, once given out, no privacy.

On top of the mata of platforms to use, We get better alternative out there wey be peer2peer and e get some Defi platforms wey fit do other stuffs binance dey do like future trading etc. Regards him just dey throw light for things to know about all this centralized platforms dem.

CryptopreneurBrainboss has given you good answer to that.

For no KYC centralized exchange, Kucoin is not bad but they can request for KYC at anytime and the exchange owners have the full control, not customers. They can freeze customer's account at any time just like other centralized exchanges. So, not still recommendable if you want full control of your coins.

[Davidvictorson]

But the issue is 'assumimg if someone uses his BVN or NIN (his identity) to verify', KYC is KYC. Like if NIN is used, the hacker would be able to know the name of the person and his home address, know his facial look and a lot about the person which can be used to trace the  person as they know his real Identity already. KYC is KYC, once given out, no privacy.

Our concern is that we do not want a third-party to be in possession of our personal information. I found a model in this article that  gives customers the ability to be in possession of their personal information and release only when needed and for a temporary period without compromising privacy and security. This model proposes that any user who want to interact with a interact with a centralize exchange requiring KYC verification can present their information with read-only access – and ideally only as an attestation. This can happen using public key cryptography, or a multi-signature smart contract in conjunction with the centralized exchange.  When the individual signs that request with their own digital identity, the centralized exchange or service provider  will have access to a timestamped KYC document for the individual. This document will only be accessible by the specific service or regulator, for the regulatory period required.

[Charles-Tim]

Our concern is that we do not want a third-party to be in possession of our personal information. I found a model in this article that  gives customers the ability to be in possession of their personal information and release only when needed and for a temporary period without compromising privacy and security.

Who is in possession of the documents? Not you (the owner).

Were your documents not with you before? It remains with you, but once given another party, then no privacy. We can see how people are just being fooled.