Info-thread: Translation of Useful English topics to Pidgin {mix images}

[Gentle_Soul]

Translated topic in pigin: Different different people them  wey dy mine Bitcoin together

Original topic: Bitcoin mining block party

Post author: joker_josue

We bin don dy talk about different times wey e be say e go sweet say we come put head together come buy things to use mine together. This one bin just dy like ordinary talk wey we bin dy talk we no bin really dy plan am but me I feel say e go really sweet well well.

Before before I bin don learn about one project wey dy host this event about different people wey dy mine together  https://upendo.rigly.io/. The main thing be say e go need different different people wey go buy hash or direct people wey dy mine go the party wey go happen wey go happen within the time wey the go step keep, people go dy mine a block together but them go dy do am on there own.
If people wey come together mine one block the BTC wey come out from the block them go share for the people wey follow for the party this one go happen say them go share am across all the people wey follow put head for the block and how much wey you put in.


Plenty plenty people wey dy here dy put head follow dy do this party me self bin don follow do am before even say nothing bin come out that time

I wan ask you waitin you think about this thing you too go like put head?

[Yeesha]

Translated Topic in Pidgin Language; How you go make bitcoin transaction and pay less than 1 sat/vByte
Original Topic: How to make a bitcoin transaction and pay less than 1 sat/vByte[Script Python]
Author: Pmalek

D people wey know bitcoin nd don visit mempool.space no go surprise 2 see say plenty blocks get transaction where users dey paid less den 1 sat/vByte 4 fees. Now u go fit pay as 0.10 sat/vByte, while 4 a long time, d bottom threshold by 1 sat/vByte.

People wey dey run their own nodes nd dey use Bitcoin core go fit adjust some settings so dat e go dey allow their software 2 dey support nd go dey rely transaction 4 others peers 4 dat small fees. For, ordinary users no dey run their own nodes, so dem need new solution. D 2 popular wallets wey dey support sub 1 sat/vByte transactions b Trezor Suite and Electrum. Sparrow wallet nd Blue wallet don announce their support 4 future releases.


Hw u go send a bitcoin transaction nd pay less than 1 sat/vByte wit Trezor Suite?

Owners of Trezor hardware wallets fit create nd sign transactions wey dey pay less than 1 sat/vByte 4 fees nd dem go use Trezor Suite. Dem get two ways wey resembles each other well well on how u go do am. I go describe d one wey work 4 me 4 una, but this link get an alternative wey u go fit try if u like. Abeg make una know say dis alternative method no work 4 me.

1. Create a transaction d normal way. U go enter d address wey u go send bitcoin to, d amount wey u go send, nd d fee u wish to pay (eg, 0.3 sat/vByte).
2. 4 d top of d field where u enter d destination address, u go see d option "Broadcast". Press am 2 change am 2 "Broadcast: off."
3. U go realise say u no go fit press d "Sign" button yet.
4. Press d 3 dots wey dey 4 d upper right corner of Trezor Suite nd press "Send raw".
5. A new window go pop up.
6. If e open, close am again without entering anything.
7. After u don close d window, e go dey possible 4 u to press d "Sign" button 2 sign your transaction. Sometimes u go open nd close d window 2 or 3 times b4 e go make d "Sign" button clickable (b4 u go fit press am).
8. Sign the transaction by clicking "Sign."
9. After u don sign d transaction, a "Copy raw transaction" button go appear.
10. Press d "Copy raw transaction."
11. Paste the signed and still non-broadcast transaction that you copied on https://mempool.space/tx/push into the "Broadcast Transaction" field.
12. Press d "Broadcast Transaction" button.
13. D transaction ID of d broadcasted transaction you sent go appear 4 screen. u go fit use dis ID to track d status of d transaction wey u make.


Hw u go fit send a bitcoin transaction nd pay less than 1 sat/vByte with Electrum?

Electrum wallet go fit send bitcoin transactions wit fees lower den 1 sat/vByte if u re connected to a node wey dey support such transactions, nd after u don enter one line of code 4 d Electrum console. D instructions wey u go fit follow dey down here.

1. Open Electrum nd d wallet where u wan send a sub 1 sat/vByte transaction.
2. Press d orb wey dey 4 d lower right corner of the app if u wan change network settings.
3. If u never change d method of connecting to Electrum servers d4, Electrum go randomly pick anyone nd connect am to it. u suppose change dat by clicking on d "Connection mode" field nd choosing "Manual server selection."
4. After dat, press "Close."
5. Press am again 4 d orb 4 d lower right corner mark u adjust network settings.
6. 4 d "Server" field, copy/paste d following 4 server: electrum.labrie.ca nd press "Close." Electrum go den connect 2 dis server. U also fit connect am 2 LoyceV Electrum server, electrum.loyce.club if u like.
7. If d "Console" tab no show 4 ur Electrum app, u go activate am by clicking "View > Console" 4 d upper left corner 4 d software.
8. After u don connect am 2 d appropriate server, u go con press d "Console" tab nd copy/paste d following command: wallet.relayfee = (lambda: 0) nd press ENTER. E dey very good make u dey enter dis command every time u wan send a transaction wit fees lower than 1 sat/vByte until e bcom d standard and is merged into an official Electrum release. TryNinja dey use his own plugin wey get dis command wen u start Electrum. u go also fit install am if u want, na dis instructions u go use 4 dis post.
9. If u don finish, create ur transaction 4 Electrum nd send am. Wit Electrum, u go also get choice to copy a raw transaction nd broadcast am via d mempool.space page as I explain am 4 step #11 above. If u wan do this, firstly, u go sign d transaction 4 Electrum nd den press d buttons "Preview > Share > Copy to clipboard." you go com past d copied string 4 d page https://mempool.space/tx/push.


Hw u go fit send a bitcoin transaction nd pay less than 1 sat/vByte with Sparrow Wallet?

D 2.2.4 pre-release beta version 4 Sparrow Wallet dey supports sending transactions wey dey pay less than 1 sat/vByte 4 fees. However, d user go adjust  d minrelaytxfee option wey their server settings go support lower-fee transactions or go connect am 2 a node wey dey don adjust him setting.

1. Download the 2.2.4 beta version 4 Sparrow Wallet from https://github.com/craigraw/beta/releases/tag/2.2.4-support-minrelaytxfee.
2. Connect am 2 a server wey don change d minrelaytxfee setting or go change am yourself 4 ur bitcoin.conf file. U go also fit change Fee settings by "editing d Sparrow config file 4 Sparrow home a+nd changing d value of minRelayFeeRate to a value >= 0.0 and < 1.0." 

If dey no adjust d server wey u re connected 2 correctly, u go get a broadcast error.


I dey plan 2 expand dis thread in future if I have to, nd I go also add d list of procedure for sending sub 1 sat/vByte transactions with Sparrow and Blue wallets. I go only do dat if e bi a non-standard way of sending transactions.

[Abdulzuruku01]

Original Topic: A brief of what you need to understand about fee rate and Depth
Author: Mia Chloe

We all know say when you make bitcoin transaction, una dey compete for di small space wey dey di next block and based on di mining reward we go need to pay di fee to get am confirm and di size of dis fee e no dey based on di amount of BTC wey u dey send but for di size and UTXO count of your transaction and how crowd di network dey. Na where di idea for transaction weight and di mempool depth dey come play em role.


Transaction weight

Di transaction weight basically na just di measure of e size but no be simple byte count. Di idea of weight dem actually introduce am with di SegWit upgrade wey changed for how transaction data dey handle am.
Di Bitcoin transaction actually made up of two main part;

• Di core transaction data, wey includes di list of di inputs and di outputs.
• Di witness data wey contain digital signature wey prove say you get di right to spend di bitcoins.

To get plenty transactions inside di block dem use SEGWIT to take introduce di system wey give di witness data di discount. Di total size of di block get limit to 4 million weight units (WU). Legacy transaction data na heavy count for 4 WU per byte but di witness data dey lighter e dey count for around 1 WU per byte. Dis system motivate wallets to use SegWit wey dey enable transaction wey dey allow more of dem to fit to do block and help to scale di network. Your final fee dey calculate by multiply your transaction total weight by di fee rate wey you choose (sats/vB) and no be so(sat/bytes) many people dey make that mistake.


Mempool Depth

Di transaction no dey go directly to di block. First dey broadcast am to di network and e dey sit for di waiting area wey we know as di mempool. Every full node dey get em own mempool and dem dey share unconfirm transaction with each other. So wetin miners do be sey dey look at di transaction for dere mempool to decide which one dey go put for di next block and because dem dey motivate by di profit, dem go choose di transactions wey get highest fee rates first not fee.

Now, di depth of di mempool na di measure of how crowd waiting room dey . No be di technical property of di single transaction but na di dynamic state of di whole network. Imagine say di mempool get long queue with different lanes for different fee rates. Di Transaction wey pay plenty dem dey front, di ones wey pay small dem dey back. Now if we dey talk about mempool depth, we dey refer to how many transaction de wait for each of those lanes.

When di network dey congested di depth of di mempool dey increase which mean say you go need to pay higher fee rate for u to enter front di line. But if di network dey less congested and di mempool de shallow, small fee dey get very  big chance to get you quick confirmation. Na why Bitcoin transaction fee no dey fix.

Congestion also dey explains why sometimes di depth you see for di time wey u dey send ur transaction fit no be di depth transaction go confirmed for.

[Chilwell]

Original Topic: How to lose your Bitcoins with CTRL-C CTRL-V
Author: LoyceV

I just saw another victim of clipboard hijacker malware.

Hw e dey take work
1. U go select a Bitcoin address, nd u go com press CTRL-C.
2. D malware go d address 2 d address wey belong 2 d hacker/scammers.
3. U go press CTRL-V nd u go lose any money wey u transfer.
Even if u check part of d Bitcoin address wey dem paste, chances b say f first few characters go dey d same, so u no go know say dey don change d address.

Hw u go take avoid am
1. Don't use Windows, but we both know you're not going to change that.
2. Check all d address after u don copy/paste am, nd no b only d first few (or last few) characters u go check. Also check d ones wey dey 4 middle too. Na a lot of work b dat oo, so chances b say u no go do dat either.
3. I con came up wit another tin: no copy d all Bitcoin address, copy only some part, nd use ur hand type d last few characters wey remain. Even if d malware exchange d incomplete Bitcoin address wit their own, ur wallet no go accept d (invalid) address if u use ur hand type some more characters, bcos u type am by yourself.
U go still need to follow Step 2 after u don do dis: u go check the address!
4. U go con use copy/paste 2 verify part of ur address. If u wan send funds to address 1PjpEgknyKxQKXtMcYFDym8odkfohFGkui. After u don copy/past am, den u go select "yKxQKXtMc" from d pasted address, u go con press CTRL-C. Den, u go use CTRL-F followed by CTRL-V so dat u go see whether d partial address dey d same wit d original source of address. Nd make sure say na good source: dem dey also fake email now ooo!
5. I go add o_e_l_e_o's suggestion here:

Any time wey I dey send coins from any wallet I go physically place d address wey I know say e correct directly from the source, i go place am right next 2 d address wey I don entered 2 send 2. Dat one mean say I go hold whether my hardware wallet or phone close 2 my computer screen, or i go resize 2 windows 4 my phone or computer 2 put d 2 address closer 2 each other. If u get two addresses wey b less than an inch away from each other, e go dey very easy 2 check d entire address, nd no b only few characters at the start or end u go fit check.

Stay alert
Check am, check am again, nd cross check am again 4 d third time before send money ooo!


Abeg no spam
I say Abeg
I go remove excessive quotes.

na AOBT na run dis Translation by Dem self

[Abdulzuruku01]

Original Topic: [Edu] Bitcoin Wallet Dusting Attack and UTXO Control.
Author: igebotz

Na di common scenario be dis wey di attacker send di small amount of Sats to random Bitcoin wallets, wey fit be small like 10 cents, 15 cents, or 20 cents worth of bitcoin. And by doing so, di attacker fit now follow you for how you dey spend your Bitcoin, allowing dem to figure out who you be, your identity, and how much Bitcoin you get. And e dangerous because hacker fit now attack you and try to steal your Bitcoin if dem know who you be and how much you get.

We only dey familiar with phishing attacks, wey dey fit send you phishing email. Na when you send email wey look like say na from real organization. You click di link, enter all ur information, and now u don give all ur information, and e get computer ransom where pesin tek over your computer, freezes am, and possibly dey fit steals your serious documents for your computer, and the only way to unfreeze di computer na for you to pay ransom. Bitcoin dusting attacks na dem be di most dangerous for all, especially for people wey dey use most Bitcoin wallets without coin control/UTXO management, since you are forced to spend whatever UTXO you get for your wallet, include di UTXO wey di attacker send to your wallets, and as Bitcoiner, your privacy dey important, and you don't want people to know your identity for online, let alone how much Money wey you get, and sometimes dis dusting attack dey send by di government authorities.

Coin control/ UTXO management.

Coin control dey critical for privacy because e dey allows users to choose between di compromise output (UTXO) and di private (UTXO) if dem dey spend Bitcoin.  To protect ur identity, avoid to dey use Bitcoin wallets without currency control, bcos dis go expose you to Dust attacks.

Methods to take identify dusting attacks and freezing compromise UTXOs from ur private currency.


Dust attack control in Sparrow wallet.

1. Di suspected dust attack UTXO dey automatically identify am for di updated desktop wallets like Sparrow and Wasabi wallets; dis wallet dey programme  to show di caution sign for di output (UTXO) less than 1000 Sats.  Most dust attacks dey motivated by greed, and plenty Naija ppl dey fall victim to dis type of attack because we get strong believe for miracle money. If you see small money wey surprise u(UTXO) for ur wallet, no spend am; na em be say e fit likely be di output (UTXO) attack.




2. Click UTXO => click di right for di suspect dust attack UTXO => Freeze UTXO



3. Now you fit spend ur private UTXOs without u dey spend di suspect dust attack UTXO.




Dust attack control for Waasbi wallet.

Go to setting=> click Bitcoin => Dust Threasom ( You can adjust di amount of Bitcoin wey u no wish to receive for ur wallet since dust attack dey always be low amount of Sats. Simple!



But dis dust attack u fit also use am for good. Dey fit use am to track steal Bitcoin and also track how hackers dey spend am.

Other Topics

Dust Attack, wetin em be, why e dey dangerous and how to avoid falling to am

[Edu] Bitcoin Wallet UTXO and Consolidation

[Rules] Unofficial General Guidelines For Posting( Na de koko dem)

[Info]Duplicates topics; How we go take stop am?

[Support] Igebotz Naija Local Board Merit Source Application


Download sparrow desktop wallet https://sparrowwallet.com/download/
Download wasabi desktop wallet https://wasabiwallet.io/#download

[Kagaru]

Since I no dey really use Telegram, I find say this web app make sense to get notifications. So I come reason say make I translate am to my own language come share am with una.
Original Topic: [Web] BitcoinTalk notification bot (mentions and merits) - no app required
Author: TryNinja


I create this separate topic make I fit share the news well well!

So you no like Telegram and na why you no dey use my Telegram notification bot...

You still no like SimpleX, wey be open-source E2E-encrypted chat app, and na why you no dey use my SimpleX notification bot...


Well, you no get excuse again, because now you fit see your forum mentions and merits directly for browser!

For example: https://beta.ninjastic.space/user/id/459836/notifications

The page dey update real time (as my bot dey scrape the posts/merits) and you fit on sound notification if you click the speaker button. You go hear "ping" anytime something new show, so you fit leave the page open for background.

- Mentions, quotes 
- Merits wey you receive 
- Users wey you dey track, topics wey you dey track 
- Users wey you ignore 

How you go take do am

1. Go https://beta.ninjastic.space/users 
2. Search your username and enter your user page. 
3. Click the "Notifications" tab. 
4. Bookmark the page make e easy for you to come back!




By the way, make you check the new beta.ninjastic.space - announcement thread: [BETA] [NEW] beta.ninjastic.space (forum search, archive and data visualization)

Plenty better features dey, like one correct advanced post search wey even better pass the one wey forum get (you fit search posts wey quote one user or specific post, posts wey don get at least X merits, search only quoted or unquoted content, etc...). You fit also see merits directly for the search page, if dem edit the post, your user stats (like merits and posts charts) and plenty other things!

[Kagaru]

Original Topic: Spending your BTC will not make you lose money. Laszlo was correct.
Author: d5000
Type: Bitcoin Philosophy

I dey keep dey read posts say @laszlo's pizza transaction na big mistake. Or say you no suppose ever spend your Bitcoin but make you hodl, because you go lose the big chance for better value increase for your BTC.

Pizza Day anniversary 15 dey come, so I dey expect say this kind posts go dey increase for the next months.

But those people dey wrong.

First: Bitcoin na P2P cash Satoshi imagine. Laszlo's transaction na the start for this then (and still now) utopic dream: hard, global currency wey fit spend everywhere for the world for any good or service, and fit hold am with only Internet access and free wallet tools.

The "digital gold" people and "łaszlo do wrong!!" people go talk now: if you spend your BTC and you no do anything after, maybe you don lose Bitcoins and possible ROI for the future.

But e get one simple way to avoid that: just re-buy the Bitcoins wey you don spend!

Like that, you no go lose any of your BTC, and you go still help the Bitcoin merchant network grow, plus e go bring us near to this utopian dream. And I sure say Bitcoin value go still strong. After laszlo buy the pizza, Bitcoin begin get monetary value, and the value just dey go up from that time.

Corollary: Buy or pay for products and services wey you really need.


Small different argument against "Bitcoin as cash": But how about the fees? Sometimes I go spend $10 or more on fees to spend my BTC. And if everybody dey spend their BTC now, fees fit go high reach $100 or more, and make Bitcoin no fit use again!
No be true say if you spend your BTC, you go lose money. Laszlo correct.
Answer: This one still dey problem, but e no mean say e no fit solve.

• First, you fit use Bitcoin for high value purchases only ($100-500+ depending on fee wahala).
• You fit also create Lightning channel and dey refill am once in a while.
• Plus, other second layers and altcoins dey wey you fit use like "prepaid card" in almost same way. BitVM na one good project for sidechains.
  
• You fit even spend your wBTC if you get am and tired of doubtful DeFi "projects" - and buy "real" BTC instead!
• If you no care about centralization, use Liquid, RSK or similar centralized sidechain with small to mid amounts - e go also help Bitcoin!

Money must dey circulate for Bitcoin "Bullish case" (see also this), if no be so e go just dey speculative till e crash for final.

(Abeg no derail: na thread about LN this one no be!)

[Abdulzuruku01]

Original Topic: KYC methods which make identity theft more difficult - are they possible?
Author: d5000

Di whole mixer discussion and also di ever-tightening regulation of Bitcoin/cryptocurrency service lemme think about if KYC go be at least fit be more friendly. Particularly, if dey get practice and method wey no allow hackers to steal di identity of di service users, or to link different personal data together.

Of course in general I strongly like non-kyc services (for popular reasons - read dis excellent thread by di 1miau). But in particular for di fiat-Bitcoin for- and offramping step di service dey limited, above all for some lesser-known currencies.

For reality, not di KYC data collection na em dey cause most trouble step, but di verification process, which sometimes dey involve image and videos of di user and his/her documents.

So here I wan collect methods and "best" or "least worst" practices wey at least make am more difficult to facilitate identity theft.

- Offline verification service. For some countries "old-style" verification methods exist, like Postident for Germany. In dis cases you go to di store, show your ID document, and di store employee for confirms to di service provider say you be di person you impersonate. Sometimes, di copy of ur ID document or passport have to deliver, which makes di all process a bit more vulnerable if dis dey store digitally, but for di all I think dis methods still dey preferrable because di black-and-white passport copy dey sometimes low resolution and fit no be useful for di criminal wey try to get di online KYC verification with your data.
- Proving ownership of di bank account (added Aug. 2024). Di service provider send very small amount of money (small cents) to di user and attach am with di message. Di user need provide that message to di service. Do that twice for at least 30 days between first and second time suppose be safe enough to deter most attempts to "game" dat method, e.g. with d stolen bank account.
- Registration without email or phone. While email address or phone numbers no too matter if you wan submit ID photo, selfie or video, dem be elements wey fit be link to di rest of ur data, making di construction of di fake identity too easy. Thus, di registration base, for example, for di public key/private key pair (like for di Nostr network), na little bit less dangerous.
- Selfie with dates and service name for paper (to link di photo/video to di registration date and di service). Dis na di tin be say quite normal, but I guess with di advent of AI imagery tools e dey less efficient than e be  before. (Edit: Dem get variants like di Street selfie where even plenty items dey require to be di present for di selfie like di sign with di street address, but di look overly intrusive and carry oda dangers, so I don't want to point dem out as "good" examples here, even if dem fit make di identity theft more hard).
- Transparency - e should be clear for who do di KYC verification and who save di personal data - di service provider emself or di third party, and data about di third party suppose be provide for di ToS of di service (Providers located for countries where di GDPR or oda restrictive data protection laws exist suppose offer dis).

Do oda such way dey exist wey still dey allow di trustable verification to make identity theft hard? Dey get examples for di Bitcoin/crypto service world?


I fit imagine method base on cryptography, where di image for example go only be consider valid if di pesin signs am digitally together with di message wey link am to di service and date. E go be basically di "digital variant" for di third method mention for up. But di problem here be say  e go get to be di universal standard, because di photo fit also be use for another service wey need am.


Translation: Romanian by @GazetaBitcoin
Translation: Pidgin by @Abdulzuruku01

[Hypnotizer]

Original Topic: Post-FTX decentralized Bitcoin ecosystem
Author: d5000


Di FTX collapse, just like MtGox, fit have healthy consequences  for di Bitcoin ecosystem. We don already see people dey move lots of coins from exchange  wallets to their own, self-custodied  wallets. Dat  nah good first step, but we fit go further, creating a post-FTX decentralized Bitcoin ecosystem .

I hope di following technologies go get improvements eventually :

1) Decentralized exchanges.

No, I no dey mean these "DEX"es on Ethereum wey dey  trade one kind of transaction for  another one . Instead, dem get mainly two types:

a) Crypto-to-Crypto:

Atomic swaps suppose be  the standard for these kind operations. Dis is a straightforward process wey get  very low risks (basically, di only disadvantage nah be say one party fit always abandon the trade).

Atomic swaps can be  done on a (relatively) easy to use platform, like AtomicDEX. Or dey fit  be created directly with a Bitcoin wallet. But e still be like say tools wey dey easy to use no too dey.

One suggestion fit be to add Atomic swap functionality to di  most common wallet implementations. I no  know about Core, but Electrum fit add dis function. (The well-known Atomic Wallet unfortunately no be the best solution, as e dey also use centralized services like changenow.io and therefore fit  lead to KYC/AML procedures.)

b) Crypto-to-Fiat:

Bisq nah probably di best model to follow for here, as e no dey rely on a centralized web app like the most other P2P exchanges. I don ignored am for a long time, but I looked into am recently and dem get some interesting features wey fit  prevent fraud, like Account  signing. Still, e dey  bit slow and e get  high fees. So dey get much gap of improvement.

2) BitcoinScript/Taproot-based DeFi.

DeFi dey based on di concept to buy or sell risks between two or multiple parties. DeFi for Ethereum get almost always centralized components, as di contracts get owner who fit  become a single point of failure in some situations.

BitcoinScript based solutions fit be alternatively completely decentralized. Di counterparties create special kinds of transactions to exchange their risks and  their collaterals. For example, based on di Atomic Swap technology, dem possibly get way to create American options (see here and here).

Dey also get the Discreet Log Contracs concept. Dem get RGB and Taro for tokens and for other contracts, and some of these solutions dey even  support Lightning.

3) Payment processing/eCommerce

Merchants suppose consider moving to self hosted solutions. Also, I hope OpenBazaar go  gets back on track, or an alternative fit appear.

4) Integration  of solutions.

Many of di solutions wey I mention get low volume and dem no know dem well well. Dey are scattered in several software packages of different  characteristics (e.g. command line/gui/browser/mobile) and maturity. You no go like to install dozens of apps to do all these nice things wey centralized providers like FTX dey offer inside a single interface.

So my proposal for here nah to create common standards between all di mentioned apps. Create a software package wey go include all functions to buy and sell Bitcoin for other crypto and fiat, sell/buy goods and services, and create tokens and DeFi contracts wey no go get  centralized components.

5) Education.

Di decentralized technologies wey I mention  in dis post get specific advantages, disadvantages and risks. Good documentation suppose  be written for newbies to really be able to understand dem, and to not enter danger of being scammed.


I go appreciate feedback, other ideas and contributions!

[Cyber_warrior]

Original topic: A simple proposal for an environmental-friendly regulation for Bitcoin mining
Author profile link: d5000

People don really criticize Bitcoin’s proof of work, in d past because say e Dey chop light well. While d CBECI index from d university of Cambridge is most likely overestimating d light consumption, it cannot be negated that d problem would be substantial if dis light majorly na from fossil fuels, primarily from coal (even as numbers Dey disputed *, see below).

Some jurisdictions, primarily d EU, don consider plenty restrictions for prof of work cryptocurrencies like Bitcoin. Dey reject EU proposal by early April, aimed at banning trading and other services for PoW currencies for EU companies, wey go don force all d EU exchanges to delist Bitcoin (and other PoW currencies like Litecoin and Monero).

Often in d jurisdictions for d regulation proof of Stake Dey mentioned as a “better” and “more environmental friendly” consensus method. However, PoS get small disadvantages, and e depend on Wetin we Dey call "weak subjectivity", wey mean say d consensus never Dey completely objective and e fit be theoretically “faked” with sophisticated methods. E favour centralization in much more direct ways than PoW.


So a “PoW ban” or even a “PoW restriction” go threaten one of Bitcoin’s main innovations.

But instead say dem go ban it restrict PoW currencies like Bitcoi, dem get better promising alternative: Large-scale miners should have to demonstrate real carbon neutrality.

Dis one mean say miners suppose get two alternatives:

1) mine disconnected from d grid with d exclusively own renewable electricity. (For example Dey suppose Dey use solar park or wind turbines, and make dem store d energy accordingly).

2) Mine connected to d grid with a “100% renewable energy tariff”, but ensuring Dey don’t rely on fossil electricity in cases o scarcity of renewable electricity. We fit achieve dis by a) powering off d mining equipment In dis situations, or b) make we Dey invest directly in new renewable generation. Miners go Dey equipped with smart meters, so d authorities go make sure say dem obey dis rules.

D word is emphasized because e no go Dey enough to buy CO2 certificates (d way some experts don propose am); Dey have to directly contribute to carbon-neutrality.

Dis kin regulations go fit get at least 3 effects wey go help fight climate change:

1) it solves d problem of miners competing with households for renewable electricity, as dem no go allow dis again (Dey fit only mine connected to d grid as long as there is no renewables’ scarcity, I.e. Dey fit use “surplus” light),
2) provide a strong incentive for economies of scale in d renewable generation and storage industry,
3) provide a strong incentive to move to places wey renewable energy plenty anyhow (Sahara desert, some regions Iike South America like Patagonia, Brazil and d Altiplano, North American desert regions, Scandinavia/Iceland)

I go really appreciate una feedback! D idea be say I go create an article about dis topic in different languages (above all, EU languages as there d discussion about a de facto PoW ban hasn’t stopped) to contribute to d discussion in a constructive way and preventing catastrophic decisions by politicians, without negating d problem.

*Estimations diverge, a recent one from the Bitcoin Mining Council claims 58% dey come from renewable energy, but dis go still be 42% from fossil fuels and (probably on a much smaller scale) nuclear energy.

[Abdulzuruku01]

Original Topic: How Replace-By-Fee (RBF) an Child-Pays-For-Parent (CPFP) can speed up confirmati
Author: odolvlobo


Dis na di technical explanation of how RBF and CPFP dey work. Sorry, dis no be  tutorial because dere usage dey depend on your wallet. Also, know say even if your wallet no dey support RBF or CPFP, to understand how dem work go give you other options.

Replace-By-Fee (RBF)

RBF dey straightforward. Di stuck transaction dey replace by reusing di same coins for similar transaction wey pay di higher fee. Di miner fit only confirm one of di two transactions, so dem go confirm di one wey pay di higher fee. If di fee dey big enough,
dem go confirm am immediately. Di small-fee transaction dey become invalid, so to just throw am. Generally, your wallet go need support RBF, because normally e no go allow you to reuse di same coins for another transaction.

Child-Pays-For-Parent (CPFP)

First, CPFP na base on important for requirement of di confirmation. Di transaction dey funded by di previous transactions, so for order for di transaction to be confirm, tmdi previous transactions wey fund must be confirm. For example, suppose say address Y de  funded by dis transaction:

     X ⟶ Y

Then, in order to confirm di transaction send from Y,

     Y ⟶ Z

Di transaction X ⟶ Y need to be confirm first. (by di way: both transactions fit be confirm for di same block).

Now, let's say you spend di bitcoins for address A, sending dem to di address B plus di change address C:

     A ⟶ B + C

You post your transaction, A ⟶ B + C, with small fee.

To speed up di transaction confirmation, di owner of B fit use B for di new transaction paying higher fee, or if di transaction get change, C, you fit do di same with C.

     B ⟶ D, or
     C ⟶ E

If di transaction fees for B ⟶ D or C ⟶ E dey high enough, di miner go wan confirm dem immediately. But, di miner must also confirm A ⟶ B +C for order to confirm either one of dem, so di miner go confirm am also.

For essence, di follow-up transaction dey also pay for di previous transaction. know say: Some wallets no dey allow you to spend output wey no dey confirm, i.e. you can't spend B or C until di stuck transaction dey confirm.


From: https://www.reddit.com/r/BitcoinBeginners/comments/kwo7b9/explaining_of_cpfp/

[Kagaru]

Original Topic: The paranoid user's security guide for using Electrum safely.
Author: NotATether


We all sabi basic tins like "make you double-check di address wey you dey paste" and "only use Electrum.org" and "verify di GPG signatures after you don download am", but wetin if you wan make sure for sure say your money dey safe for inside Electrum? Na why I create dis short guide to help you check tins well well so that your mind go dey always calm say your money, no matter how small e be, dey safe for your wallet. Make we start now.

Verifying OS integrity

Even if your Electrum na the real one, if your OS spoil, na gbege you go get. So dis tins go help you control wetin dey run for your computer.

- No download cracked software from any random website, because most times na cheap malware you go get. Make you no fall for free thing, no make mouse trap catch you.
- No click random links wey dey your email wey dey ask for bitcoin or talk say you don win bitcoin. Na phishing dem dey try do to comot your crypto.
- Check domain or sender email before you click any link for email. Even dis one fit be malware trap.
- Always keep your OS wey your wallet dey run for up-to-date with correct security patches.
- If you dey use Windows, make sure say antivirus software dey run.
- Turn off AutoPlay or anything wey go open app automatically if you put USB/DVD. Dis one na big security risk.
- Make sure firewall dey run and e dey block all inbound connections.
- No keep your wallet for removable media or device wey you dey carry waka anyhow, so thief no go fit steal am. Even if you dey use am for TailsOS, no carry am anyhow.
- Monitor wetin dey run for your system, make you sabi every process name, where e dey, and wetin e dey do.
- Use clipboard monitor like Sysmon (12.0+) make you dey check wetin dey enter clipboard.
- Use Google Enhanced Safe Browsing, uBlock Origin, DNS server like 1.1.1.1 or ones wey VPNs like Proton dey provide, or any software wey fit block bad and phishing websites for your browser.
- Know Electrum.org IP address, and confirm say anytime you visit the website e match that IP.
- To find keylogger, use antivirus or set up Process Monitor, start am, press some keys, stop am then check wetin happen.
- Check all shortcuts to Electrum programs from time to time make sure dem no bug.
- Check Electrum program files to make sure nobody tamper am after you install or update am.

Verifying Electrum integrity

- Use these ways to install Electrum, from best to least preferred:

Python source tarballs 
Python PIP packages 
Prebuilt binaries like AppImage, EXE, DMG 
Any kind portable Electrum binary

Portable binaries no too good because if you create shortcut to dem, bad person fit put bad binary for similar place and you no go notice.

- Always VERIFY ALL ELECTRUM PACKAGES wey you download. Dis thread na good place to start.

- Use diceware password to protect your Electrum wallet. Diceware password na multiple words wey come from dictionary like BIP39 but e more secure 10 times pass normal password. Best to use 8 or 12 words and memorize well. You fit use screen reader help hammer am for head. Once you set diceware password, no need change am unless e spoil. Ignore dis advice na your risk!
- If your password strong, no need 2FA, especially the one wey Electrum get.
- No write your password down on paper even if you no fit remember. Na bad move and fit cause wallet hack physically.
- Only seed phrases you fit write on paper and keep for safe place.
- No use advanced features like custom wordlist, BIP39 password, custom derivation path, Shamir secret sharing etc for your seed phrase. All dis fit spoil your seed phrase cos you no fit remember am well.
- Create one "sentinel" wallet wey no get password or get easy password and put $5-$10 inside. Always open dis wallet first before main wallet so if main wallet spoil, you no go lose everything.
- No use "Export wallet" feature at all. You fit just copy wallet from AppData or local folder. Older versions no encrypt exported wallet. Same thing for private keys — no export at all.
- No use Console feature at all. You dey run wallet, no be Jupyter notebook.
- No open Lightning channel unless you get watchtower wey dey run 24/7, or you fit lose money for channel.
- No click update dialogs from Electrum; instead go Electrum.org manually.
- Double-check addresses well well before you send money.

OpSec (user integrity)

- No tell people how much money you get if no reason. Especially no write am for public internet.
- No show off or brag about your money for social media or thief go hear and rob you.
- No vex plenty people with decisions wey fit affect many users (especially if you dey provide internet software/service). People wey vex fit come after you. Luke-jr na example. Check "Reddit API hackers" for Google for recent case.
- No store wallet passwords or seed phrase inside password managers, even if dem encrypt and open-source. One small flaw or backdoor fit spoil security.
- Make sure all your passwords strong and unique so you no go fall victim to extortion.
- Use disposable emails if you fit, like SimpleLogin, so phishing no go affect you. If phishing come, just create new alias, discard old one.
- Use HaveIBeenPwned to check if your email don leak.
- No keep big money for software wallet. Use hardware wallet for cold storage.

[Abdulzuruku01]

Original Topic:   [Edu] Bitcoin Wallet UTXO and Consolidation
Author: igebotz

40,000 Sats = $10.63

UTXOs dey very common and some of you don't know why you dey always pay for high fees anytime you send out bitcoin from your wallet, I go explain. Assume say you are going to buy Bitcoin from exchange. Assume you buy 40.000 Sats per day, so you buy am 40,000 Sats. Di next day, you buy another 40,000 Sats for di exchange and transfer am to your hardware wallet. Di next day, you buy another 40,000 sats from exchange and transfer dem to your hardware wallet, wey give you 120,000 sats of Bitcoin for your hardware wallet wey dey safe and secure. E dey fantastic. But dem get small problem here. So, every time you send Bitcoin from di exchange to your hardware wallet, you generate di UTXO (unspent transaction output).


Consider dis to be tiny fraction of Bitcoin; for essence, you get three pieces of Bitcoin here. The trouble be say, if you want to send out dis three chunks of Bitcoin, you go need to pay reasonable amount of fees because each chunk of Bitcoin takes up space in di block for di blockchain, and you have to pay money for di space wey you dey take up for those blocks. So if you get a lot of UTXOs, you go take up many space in di block and you go have to charge for each of dis UTXOs in order to send your Bitcoin out.

Bitcoin no care how much Bitcoin you transfer, you fit send million of Bitcoin, but if na all within one UTXO, dem go just change you small fee.


Practical.



1. I transfer 3 chunks of Bitcoin; 40,000. 40,000, 40,000 sats (120,000 sats total) from my first sparrow wallet to my second sparrow wallet and in di process i create 3 UTXOs for my wallet, I take three block space for di blockchain in the process.

1a. Den I transfer another 120,000 sats for di single transaction to my second wallet thus creating only 1 UTXO





Sending the Bitcoin.


2. I start with di first transaction, I mark di 3 chunks of bitcoin input of 40,000, 40,000, 40,000 sats di total of 120,000 sats and send for di current network fee of 14.14sats/Vb (as of when I try am) and di total fees to send out diis 120,000 sats be $0.91 beacuse dey charged me for di 3 UTXOs wey I create, now make we compared dis fee to dat of di single transaction of 120,000 sats (1 UTXO)





2a. I transfer di second transaction of 120,000 sats for di same network fees of 14.14 Sats/Vb and di total fees to send out dis bitcoin be $0.41 I saved $0.5 for fee for di same amount of Bitcoin.





Conclusion.



For any bitcoin you send to your wallet you dey rent space for di block if you dey send maybe $100 worth of bitcoin, and you have am spread across 6 UTXOs, that's $10, $10, $10, $10, $10, $50 well, dem go chop you alive with fees bcos you go dey pay for each of the block space wey you rent. So instead of spreading across 6 UTXOs make you wait till you accumulate your $100 Bitcoin and send am to your wallet for di single transaction.  

For those of you wey dey save your signature payment, you go receive 1 UTXO every week and as network fees rise, you go need to pay high fees to get those out. If di network become congested again, you fit not get enough to cover di amount of UTXOs for your wallet, wey go prevent you from withdrawing your coins.



UTXO Consolidation.


Okay, I don already created plenty of UTXOs from my signature earnings and daily bitcoin transfers from CEX for my wallet. Wetin do i need to do to get rid for dis UTXOs and consolidate my UTXOs into one?


1. Copy your receiver address from di same wallet ( where you don send your coins) and



2. Click UTXO for your sparrow wallet and press Command for your Keyboard and select all di UTXOs and click send



3. Paste di receiver address wey you copy as di recipient, set your fees and click send and broadcast di transaction and as you fit see for di screenshot I don already consolidate 5 UTXOs for my wallet into 1 UTXO.




Dowload verify Sparrow wallet for here https://sparrowwallet.com/download/

You dey welcome.

[Yeesha]

Translated Topic in Pidgin Language; First dey ignore you: Are we (the Bitcoin/crypto users) about to win?
Original Topic: First they ignore you: Are we (the Bitcoin/crypto users) about to win?
Author: d5000


Dey get a particular poem [1] wey dey say

First dey go ignore u,
Den dey go laugh at u,
Den fey go fight u,
Den u go win.

Dey don applied am several times 4 Bitcoin nd cryptocurrencies. 4 example, all d "Bitcoin don die" obituaries nd d "Bitcoin bi Ponzi" Dem interpret d narrative as a sign of "Dem go laugh at u" stage, nd dem dey make strict rules 4 some countries like (China) as e con shift 2 "Den dem go fit u" stage.

Wen we go "win"? Well, if dem get plenty people wey dey use Bitcoin / crypto wey matter 4 d politicians, bcos we don dey bcom important voter group.

Frm few years wey don pass, signs dey show say dis one wen happen 4 real. 4 plenty countries, now between 5 to 10% of people dem bi crypto users or holders (about half of dem dey use bitcoin). Nd elections don dey bcom more tight.

D recent shift 4 US politics wey pressured d SEC to approve Bitcoin nd now e also want make dem approve Ethereum ETFs now (or e dey very close) dat one na also b strong sign 4 dat. Nd as I dey talk 2 u nw d current US government's biggest contender Donald Trump, e dey try to catch d people wey dey use crypto 4 his campaign rallies. Perhaps even victory wey Javier Milei's get 4 Argentina last year, e fit bi say na bitcoin users cause am, 4 Argentina 4 well-known reasons (high inflation) d crypto adoption rate e bi like at 10%, so e dey dumb 4 any politician to ignore people wey dey use Bitcoin.

So do u think we, wey dey use Bitcoin, are about to win?


There's a catch though. I dey feel say d current politicians worldwide dey try 2 present cryptocurrency as "financial asset" nd regulate am accordingly. nd d stance of many authorities towards privacy tools for example is still harsh, see the legal action against Tornado Cash and Samourai developers/operators.

But just censorship resistance na one of Bitcoin's major achievements - nd d aforementioned actions don dey act directly against dat censorship resistance. If transactions no fit be private, den dey go bi censored.

So we, wey dey use Bitcoin/crypto, should bcom even bolder. Make we no let d politicians fool us wit ETFs nd other nice financial products. Bcos cryptocurrencies no bi like any other financial product. Dey need am to preserve the people's freedom and independence in a digitalizedv world, as an alternative 2 their surveillance fantasies (with cooperation from Google, Meta, Apple, OpenAI etc.).

If d politicians want our vote, den make we insist say make dem commit 2 censorship resistance and cease all legal action against privacy tools.


[1] Often incorrectly attributed to Mahatma Gandhi, dis quote dey actually derived am from a 1918 speech frm trade unionist Nicholas Klein.

[Chilwell]

Original Topic: [TELEGRAM] Yet Another BitcoinTalk Notification BOT (merits, mentions, topics,+)
Author: TryNinja

D BitcoinTalk SuperNotifier "V2" don come out oooo!




If u wan use an? U go just talk wit d bot 4 Telegram:
@BTTSuperNotifier_bot




Features:

- Mention/quote notification (with and without @)


- Merit notification


- Topic tracking with notifications (gif).

- Phrase tracking with notifications.

- User tracking with notifications. ^NEW

- Board tracking (new topics) with notifications. ^NEW

- Toggle merits OR mentions notifications at any time.

- Ignore members, boards, or topics so u no go get notifications from dem.

- Trashed topic notification.

I dey expect new suggestions from una so dat I go implement dem. Thanks!


Commands:

/start - 2 start d bot or unstuck am if anything happens.
/menu - shows d cool menu.
/alt X - u go set another username.
/setMerit X - Correct ur merit count wey dem cache b4.
/minPosts X - minimum post wey user go fit post, b4 dem go send notification 4 new topics (2 avoid 419).
/length X - Number of characters wey go show 4 post preview 4 notification.




Group chats:

Now, d bot dey supports group chats! U go Jxt add d bot nd run /start once. As usual, u go always fit get d menu by sending /menu.

Na only admins fit make changes nd interact wit d bot (other users go fit see d menu nd dem go fit read the notifications, of course).

Except d people wey I mention and merits (dem no allow am 4 group chats), nd normally u go fit do anything wey d bot allow u 2 do:
- Add tracked topics, phrases, boards, users.
- Ignore topics, users.


[Bonus] BitcoinTalk Post/Address Archive:

The new ninjastic.space website is out! Remade from scratch.

Now e don bi a separate ANN thread: Ninjastic.space - BitcoinTalk Post/Address archive + API

Status page: https://status.ninjastic.space


Source code (V1):

D code don mess nd I don learn plenty things so far (including TypeScript), but I con decide say make I jxt throw d bot's source code 4 Github 4 people wey get interest 4 ram:

Bot + Scrapper: https://github.com/ninjastic/bitcointalk-supernotifier
Ninjastic Post Archive (front): https://github.com/ninjastic/bitcointalk-supernotifier-web
Ninjastic Post Archive (api): https://github.com/ninjastic/bitcointalk-supernotifier-api

Enjoy!

Source code (V2): https://bitcointalk.org/index.php?topic=5248878.msg57711617#msg57711617


Donations

Dey go use 100% of donations to pay 4 d bot nd website expenses (~$25/month):

BTC Bech32: bc1qlfzjqgleh3pg7l63p9fc596uqv30hqr9dpg59q
BTC Legacy: 1NinjabXd5znM5zgTcmxDVzH4w3nbaY16L


I go like 2 thank:
@Piggy for his first bot, Wey start dis era of telegram bots 4 d forum.
@giammangiato for his bot, where I took some ideas nd message wey dem design.
@csmiami wey dey 4 d Spanish translation.
@sheenshane wey dey 4 d Filipino translation.
@mole0815 wey dey 4 d  German/Deutsch translation.
@mikhailr wey dey 4 d  Russian translation.
@fillippone wey dey 4 d Italian translation.
@cygan for the Polish translation.
@masulum wey dey 4 d Indonesian translation.
@sabotag3x wey dey 4 d logo.
@naim027 wet dey 4 d Bengali translation.

[Yeesha]

Translated Topic in Pidgin Language; Western governments should love Bitcoin's privacy features, not fight them
Original Topic: Western governments should love Bitcoin's privacy features, not fight them
Author: d5000


Western governments dey claim say dem dey promote freedom 4 d world. Nd dem dey call themselves "democratic" and "liberal".

Well, Bitcoin go fit help dem with dat mission. And again, e be true say authoritarianism dey rise again.

But, e bi like say dey no wan do am like dat, but instead dem dey try to eliminate Bitcoin's main freedom-providing feature: censorship resistance.

Example bi say: Bitcoin na one of the few ways to fund opposition movements 4 authoritarian countries. Dictators no dey easily detect dis bitcoin transactions if dey use popular privacy techniques like CoinJoins, mixers and non-KYC services. Most dictators dey cut off other (fiat) sources, na only cash go fit work but e go dey very hard.

But where dis movements go spend d money wey dey donated to dem, if no exchange or merchant accepts their coins, bcos dey re "high risk" and attached to "suspicious" services?

Another example: People 4 democracies dem get strict privacy protection laws wey dey protect dem, make e no surprise u, a lots of services wey una dey think say e dey "safe" don get hack b4 (dey don hack am before), dey don even stole data wey belong to government before. Thieves dey use dis data 4 identity theft.

Bitcoin go fit solve dat problem bcos unlike banks nd services like PayPal dem no get personal details wey dey go fit steal, is a way wey u go fit do transaction privately nd e no go get any personal data wey go store 4 some server due to KYC requirements. Na with dis KYC requirements, western governments dey put their citizens 4 danger nd dem go be a victims of serious crimes. Dem dey also restrict their freedom to buy everything wey dem want (nd 99% of all cases dem go say e no bi illegal thing) nd nobody go have insight 2 d transactions. Because due 2 d FATF travel rule, plenty transactions, their originators nd beneficiaries dem dey store 4 servers. nd if somebody hacks dat data nd connects them in d right way, everybody go fit see d things wey u bought.

"Money laundering", "sanctions evasion" and "terrorist financing" na dat bi d excuses wey anti-privacy governments dey use. But d statistics wey dey available concerning dat issue show say cryptocurrencies bi very minor tool 4 money launderers,  compared to the vast options provided by fiat money. Cryptocurrencies no even provide wettin money launderers go want: "clean" money. D only thing wey Privacy services like mixers fit do na 2 blur some tracks. But go never make "clean" money, dey only sabi cryptocurrency wey dem no know where e from come." na small criminals dey fit use am, but not 4 d "big fishes".

Thus: Make Western governments  re-think their stance about cryptocurrency privacy. If dey wan fight authoritarian dictatorship, make dem no treat their citizens like them. Rather, make dem respect their freedom to transact privately.

(dat one also dey valid 4 governments wey no be part of the classic definition of d "West", but claim to promote similar democratic values, like Japan, India, South Korea, South Africa etc.)

[Hypnotizer]

Original Topic: Why most premined coins (>90% of altcoins) will eventually fail
Author: d5000



Premines dey exist when a cryptocurrency team at launch don  already distribute coins to either themselves, a  development team, or buyers of an  ICO - before anyone could mine or mint am,  regardless of di coin being PoS or PoW. 90% or more of all  altcoins and tokens had a premine. Examples in the top 10 nah  Ethereum, BNB, XRP, Cardano, Tron and all centralized  stablecoins.

I consider am likely dat most of di coins with large or 100% premine will fail eventually. In a few years dey  will be worth much less than at their prime.

The reason is a simple incentive  system. Premines dey benefit a single core team, even if dey are distributed via ICO to other people. As a consequence, the future of di coin may be shaped, and dem get high probability for a single pump price curve: a phase di coin does relatively well, which may last some years (most of the time 2-5 years, in some cases even up to a decade). But then, in a second phase, di  coin go lose resistance, and e fit lose 90% or more of its value (not considering bull/bear markets).

Why?
1) At first di premine go give di coin a competitive advantage: The development team is well funded and can make progress fast. The single pump fit happen, with early adopters and the dev team making lots of money. There are coins to finance marketing activities, and also perhaps for airdrops and bounties. If a team manages di coin intelligently, dis phase can run for several years.

2) However, once di funds run dry, dis competitive advantage dey become smaller and smaller. The development team may make slower progress, some developers and marketing guys  will have to be fired. Sometimes, di team simply exits and nobody hears anything again - which is similar to di unfamous "rug pulls". Sometimes, di team go still dey around, or hire a low-cost freelancer marketing team to give di impression di coin dey still run well.

3) Mostly, if phase 2 don already start and di coin's value dey go lower and lower, a "community takeover" may happen: a lot of work will be delegated to di current HODLers of di coin. However, e dey unlikely dat dis will return di coin to previous heights (see below). Most likely di pain will simply be extended a bit.

4) If di community takeover loses force, di coin may either die completely (e.g. due to an attack, being delisted everywhere, etc.) or e fit stay alive with a low value and market cap during some years more. E fit get occasional pumps but e no go ever reach di values of phases 1 and 2.

Can a coin escape dis single-pump price curve?

Ethereum appears to be di proof dat  also premined coins fit do well over a long time, even competing with Bitcoin. Also, XRP may be cited as an example - it is one of di oldest altcoins and e still dey flourish. And then there may be also BNB. E dey appear say phase 2 in these coins never start (XRP/BNB), or dat phase 3 was very successful (ETH). However, I consider these three deviation of di rule.

- Ethereum don develop into an ecosystem of its own. A lot of token projects dey earn money based on am, and the user base is regularly renewed. Network effect was almost as strong as with Bitcoin because of di  first mover advantage in di smart contract/Solidity field. E dey unlikely other similar coins fit sustain so much activity for such a long time.
- XRP and BNB have business models where aside from crypto activity dem get other sources of income (XRP = cooperation with banks/fintechs, BNB = an exchange business).

In most cases, however, hopes dat  phase 3 (di "community takeover") will solve di problem and make di coin flourish  in the long term, will be in vain. First, dem no get much space in human's brains for lots of coins. Only very few platforms can therefore  sustain a prolonged network effect because dey are known by those launching new ICOs/tokens/NFTs like Ethereum.

Second, dem also get a psychological problem. Why should I as a community member work on di coin hoping to bring it back, if there was a team having made millions of dollars with their premine? Shall  they not continue to do di work? They fit still hold coins, so I go  work for free for dem ... Dis is also di difference to coins wey no get premine. Coin wey no get premine did not have a single main beneficiary, so psychologically a "revival" and a successful community takeover is easier and therefore more likely. Bitcoin is the blueprint: everything is community run since 2010/11.

 Discuss

[Yeesha]

Translated Topic in Pidgin Language; Bitcoin and the Theory of Creative Destruction
Original Topic: Bitcoin and the Theory of Creative Destruction
Author: d5000

Wen I dey read about dis years Nobel laureates I accidently found d theory of Creative Destruction (wic mean say dem dey replace old things with new things). E bi old theory wey dem first published 4 d year 1942 by Joseph Schumpeter nd e dey explains hw new things dey replace older technologies, Dem dey create new things wey get value nd dem dey destroy old things, na so dem dey make d economic grow stronger nd alive. Dis year d Swedish Rijksbank give prize 2 Philippe Aghion nd Peter Howitt 4 Economic Sciences on how dem technology dey develop d societies nd economics. and
I thought say Bitcoin go fits well well into dis very basic model, and thus I still dey wonder whether dey don discuss am 4 here already.

Na as "new type of money" Bitcoin come, i.e. Na new financial ideas wey dey innovate. E go fit "Destroy old things, create new ways" its predecessors? nd wettin bi  predecessors? Fiat money, or other kinds of assets?

Schumpeter's theory talk say basically dat d essentials of creative destruction is a new combination of production factors (like capital and labor). For example, AI na example where u go fits replace some kinds of labour (e.g writing and graphic design)  by capital (investment in computing power), e go lead 2 a "recombination" of dis production factors. Graphic design studios 4 example suppose adapt, e.g. Make dem concentrate 4 high quality design or offering AI-assisted low quality design, or dey go probably die. Both alternatives bi less labour nd more capital intensive, so d whole sector go change, but 4 d end dey go deliver more value.

How fits Bitcoin 4 here? 4 example many people dey think say Bitcoin go fits replace banks, which go bi essentially such a process of "creative destruction". I no think say e go fits replace dem entirely (risk scoring nd loans dey very difficult 2 replace, for example), but IMO e fits lead 2 some banking's services, like SWIFT 4 international transfers, certain payment services, But also (if Bitcoin don settle well well) e go affect d people wey get small accounts nd company bank account. Bitcoin no need plenty people wey go work 4 ram like bank dey need people, so d process go dey similar 2 d way AI dey replaces or "enhances" some creative industries 4 d present.

E dey very sweet wey Bitcoin bi less capital intensive dan banks: while dem get investments for mining nd also in development of services (wey sponsor Bitcoin development too, e.g. 4 d case of Blockstream), banks dey get higher capital requirements, com think of all d office space wey dem dey occupy. So Bitcoin go really boost productivity 4 d financial sector nd bi perhaps e dey more revolutionary dan AI.

4 d case of fiat money, I think say e bu questionable if Bitcoin go fit replace am. Fiat's "innovation" na 2 adapt money supply 4 real economic growth without d "limits" of an asset like gold. I go perfectly imagine a "Bitcoin standard" society, but 4 dis case I think say dey go be replacements 4 fiat -- nd if we think of a crypto-only economy, dis go bi strong altcoin sector with continuously growing total money supply.

Dey get several details wey we go discuss 4 here but I no wan make d post too long, so I leave am 4 dis discussion. I go also try to look into d work of this year's Nobel laureates 2 know if their adoption
of Creative Destruction can be applied to Bitcoin.

[Chilwell]

The author of this thread don dey inactive 4 a very long time( e don pass a year by now) nd d pictures don broke, I con decided 2 fix d broken images. E bi LTU_btc suggested,  when Financisto e request am from d author say make dem add dis 2 his tutorial.


I Welcome una 2 d world of bitcoin.

I also don bi a Newbie like una, looking 4 scrap, asking questions, working faucets. Faucets dem bi waste of time. Yes, e dey easier 4 d past. I go fit join a signature campaign with only 19 posts. Though, Spammers don spoil am pretty much 4 Newbies, nd if dem continue I dey fear say dey go spoil am 4 all of us. No bi d topic bi dis though, make una sorry 4 d distraction. U no believe me say I join a campaign as I still b Newbie? Well I go fit proof am to una nd I even fit show you how. If I just sign a message.

D post wey I quote below na me write am. No bi edit dey edit am not edited nd it contains a bitcoin address. If u press on its link u go see say e no get dotted line d link dey below d time nd date. Make una See here 4 post wey dem edit. Na today I change am. Here is a picture.

19 posts... I dey in

18uTXyQubfaYrkbQDdaXhzd2ALEY5YN77B

Nd I go fit sign a message with dis address 2 prove say I still get access 2 d private key wey belongs 2 dis address.

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is shorena from bitcointalk.org and today is 2015.03.14
or as some of you might write it 03/14/15 pi day 2015
-----BEGIN SIGNATURE-----
18uTXyQubfaYrkbQDdaXhzd2ALEY5YN77B
IFtLgDZCpvfw0DT70RCLcYXj3Dbjf68sc6pj/C+u5K6IC8PIhHE4Y/ldllt1/yhrZpVW/shFRf7rxQYdsW/CcBM=
-----END BITCOIN SIGNED MESSAGE-----

E no impress u abi? So what, a signed message, u go think, but e dey very important 4 here if u wan trade wit someone. 4 now dey get at least 3 accounts wey dey 4 d  meta section wey dey contest. D problem wey all of dem get bi say: someone no fit sign a message, someone no request a signed message 4 a trade or maybe someone no know how dem go sign a message. I go try my very best 2 show una how u go fit sign a message nd how una go verify a signed message. 4 dis I go use pictures because I know say no bi everyone wey dey here sabi english. I go also update dis thread over time.

If u wan get your address witnessed somewhere 4 d future, make u use dis thread by Tomatocage -> https://bitcointalk.org/index.php?topic=996318.0
Someone go quote ur post 4 there 2 make sure say a hacker wey get control over your account no go fit change am. Make sure say na only d addresses wey u go fit sign a message with na him u post 4 there. U go fit  use dis thread 2 test signing message, I go verify all of them nd I dey very sure say other users go chime in wen I no dey online as well.


If u wan thank me bcos dis thread don help you, post a signed message. If u no tell me say e help u, I go definitely dey think say u no even bother 2 read dis.


Index:

• Intro
• Format
• wetin u go fit do nd wettin u no fit Do
• "multi-sig" or go pay 2 script hash addresses (people wey get  d 3)
• Creating a signature (ordered by date [oldest 1st])
  
  • Bitcoin Core version v0.10.0
  • Electrum v 1.9.8 (& 2.5.4)
  • MultiBit v 0.5.18
  • MultiBit HD v 0.1
  • Blockchain.info
  • Blockchain.info v2
  • Mycelium 2.3.0 - 2.5.2 on Android Lollipop
  • Coinbase
  • Bither v.1.3.7.1
  • Ledger Wallet Bitcoin v.1.10.1 (thx 2 JeremyB!)
  • Trezor Wallet (thx 2 JeremyB!)
• Verifying a signature (in alphabetical order)
  
  • Blocktrail
  • Brainwallet.org
  • Chain Query Alpha
  • coinig.com
  • Trezor (thx 2 JeremyB!)
• Translations
• License (CC BY-SA 3.0)
  
• Services/wallets that can (currently) not be used to sign a message
  
  • ANX Vault v. 1.6 for iOS 7.1.2
  • Bitcoin Vault for iOS 7.1.2
  • BitGo.com (2016.07.31)
  • Bither Hot v 1.3.9 for iOS 7.1.2
  • Bither Hot v 1.6.1 for Android 6.0.1 with HD Wallet
  • bitWallet for iOS 7.1.2
  • BitX Wallet 1.2.6 for iOS 7.1.2
  • Blockchain.info v6.1.38 for Android 6
  • Breadwallet by Aaron Voisine for iOS 7.1.2
  • Breadwallet v34 for Android 6
  • BTC wallet by freewallet.org v1.0.38 for Android 6
  • Coinbase for iOS 7.1.2
  • Coinbase for Android
  • Coinomi v1.6.5 for Android 6
  • Coins v0.1 for iOS 7.1.2
  • Coins.ph v1.31 B 84 for iOS 7.1.2
  • Coins.ph v2.6.08 for Andoird 6
  • Copay v. 1.1.3 for Windows (tested with 8.1 Pro 64 bit)
  • Copay v. 1.1.3 for Linux (tested with Ubuntu 14.04. LTS Desktop 64 Bit)
  • Copay v. 1.1.3 Chrome Plugin
  • Electrum 2.7.12 for Android 6
  • GreenAddress/GreenBits
  • GreenAddress 0.0.82 for Android 6
  • GreenAddress for iOS 7.1.2
  • Hotwallet v0.5.2 for iOS 7.1.2
  • mSIGNA
  • Samourai v0.89 for Android 6
  • Wallet by Blocktrail v 1.0.9 for iOS 7.1.2
  • Wallet by BTC.com v 2.2.7 for Android 6.0.1
  • Xapo.com
  • Yallet for iOS 7.1.2
• Services/wallets wey I no dey bother to or I no go even test.
  
  • BitGo v1.5 - Chrome plugin, forces E-Mail verification.
  • Hive Wallet for iOS 7.1.2. - no dey sync, thus I no go start d wallet in a way dat would allow testing it.
  • Ninki v1.5 - Chrome plugin, forces security mechanisms in a way wey go make testing impossible 4 me.

Format:

Note:Dey always add d date nd reason wen u dey create a message. If u sign a generic message someone go fit reuse am again.

Wen u sign a message wey u wan present 2 someone else nd dey wan verify d message. In order 2 make dis extra easy e dey very important make u use a certain format. U go fit modify am as dey want, but dey get some things wey u suppose keep 4 mind.
Every symbol dey important. D symbols > nd <  wey dey 4 my examples I suppose remove am. Wen u sign a message nd somewhere get two spaces between two words, dem both dey important 4 d signature. Na dat b d whole point 4 a signature. E go detects whether someone change  d message or not. D board here get a "code" environment wey dey perfect 4 dis. E go make sure say no linebreaks are added nd d other person go fit copy am easily. Na d same format I  use above.

If u write a post/PM make him look like d picture wey dey below:


nd 4 all d people wey dey read am, e go look like dis:

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
<insert message here>
-----BEGIN SIGNATURE-----
<insert address here>
<insert signature here>
-----END BITCOIN SIGNED MESSAGE-----

I added an example 4 how dem go post d signed message 4 d blockchain.info part here.


things wey u suppose do nd things wey u no suppose do:
return to index

• DO make u add d current date. Dis go ensures say no one go fit reused d signature on a different day.
• DO add d reason nd make u dey specific. Dis go ensure say dey no go fit reuse d signature 4 a different reason.
• DO add ur nickname nd where u go use am. Dis go ensure say d signature can not be reused, e.g. by Shorena on AcmeCorpTalk.

• DO NOT make u use a compromised machine (virus, keylogger, etc.) 2 create a signature. Signing unlocks ur wallets protection d same way spending bitcoin dey do.
• MAKE U NO upload ur private key somewhere jxt bcos say u wan create a signature.
• MAKE U NO give ur private key to another person jxt bcos say e wan create a signature 4 u.

If una think say something dey miss 4 here? Make una leave a reply below.


Pay to script hash (P2SH) addresses:
return to index

Dey no get way 4 pay to script hash addresses if private key no dey (yes, dem dey possible) 2 sign a message. For multi-sig-addresses (a subset of P2SH addresses) na private keys dem b, but dey no get consistent definition on how dem go verified a signature 4 a message. Thus, e dey impossible 2 sign a message with an address wey start with a 3 4 a realiable way. Wit d addition of P2SH-P2WPKH addresses (SegWit, but starting with a 3) dis no go change. At least e no change 4 bitcoin core, e go dey possible say d other wallets still allow signing or verification.



Creating a Signature:
return to index

Bitcoin Core version v0.10.0
return to index





Electrum v 1.9.8
return to index
Make u no say: Electrum 2.3.1 nd 2.5.4 na d same dem bi 4 dis regard.





MultiBit v 0.5.18
return to index





MultiBit HD v 0.1
return to index





Blockchain.info
return to index

Note: Blockchain.info na online wallet e bi, thus their interface go fit change. Since dey no get version number wey go indicate a change say I added the date. Na d stock Tor browser I use 4 dis (see the URL), but e dey identical 2 d regular version. D black bar masks d wallet identifier. Its a throwaway wallet, but I tend 2 remove stuff like dis.





Blockchain.info v2 2016.05.11
return to index

Update (2017.5.13): According 2 user apoorvlathey now e don dey possible 2 sign messages wit d new version as e tsee dey bi b4 in d past. User sHeRiLyN1618 reports say dis dey only dey possible 4 imported addresses, but not d addresses wey dem generate with d service. If u wan get more information read d posts starting from here -> https://bitcointalk.org/index.php?topic=990345.msg18991565#msg18991565

Update (2016.5.11): now e don dey possible 2 sign messages with imported private keys.
Th0ur007 wrote a step by step here -> https://bitcointalk.org/index.php?topic=1467458

Note: Blockchain.info's new wallet no go allow u 2 sign a message, nd e no go even allow u 2 easily export d private key in order 4 u 2 sign with a different wallet. Dem get crude work around here -> https://docs.google.com/document/d/1-2l6xOqcbjs9QWEqSh72RD1d8EEdvG_hQuEXw_f_o6w/edit
Use am at your own risk!


Mycelium 2.3.0 - 2.5.2 on Android Lollipop
return to index

Note: if u wan get a preformatted message press "Share Text + Signature" at d last step, open with e.g. your Mail programm nd copy d complete message from there.




Coinbase
return to index

Note: 2018.03.04 coinbase don removed d tutorial.

See their how to for now: https://support.coinbase.com/customer/portal/articles/1526413-how-do-i-sign-a-message-with-a-bitcoin-address-


Bither v.1.3.7.1
return to index




Ledger Wallet Bitcoin v.1.10.1
return to index
Note! three gboosa 4 dis section goes 2 JeremyB. Na dem u go thank, no b me!




Trezor Wallet
return to index
Note: full credit for this section goes to JeremyB. Go thank them, not me!





Verifying a Signature:
return to index

Blocktrail
return to index

link: https://www.blocktrail.com/BTC?verifysignedmessage=1

Note: dis service dey requires JavaScript nd might not work wit all browsers.

Correct Signature




Incorrect Address




Incorrect Signature & Modified Message




Incorrect & Modified Signature





Chain Query Alpha
return to index

link: http://chainquery.com/bitcoin-api/verifymessage

Correct Signature




Incorrect Signature & Modifed Address




Incorrect Signature & Modified Message




Incorrect & Modified Signature





coinig.com
return to index

Dey go add ASAP E b like say na bugged wen u dey verify a messages with at least one linebreak. Will add dem once its fixed.


Brainwallet.github.io
return to index

Note: 2018.03.02: New link https://brainwalletx.github.io/#verify

Note: 2015.12.20: Brainwallet has a copy here -> http://wallet-2sx53n.sakurity.com/#verify

Note: 2015.08.08: Brainwallet no longer dey operational, former pictures still linked below.

Note: 2015.04.03: I observe say d site don improved since I made d picture wey dey below. D updated version now allows 2 input d address, d message nd d signature seperately as bitcoin-qt/core would. Since d old way still dey work, I no update d pictures. I wan thank [/url=https://bitcointalk.org/index.php?topic=990345.msg31257348#msg31257348]JeremyB[/url] 4 updating d pictures.

link: https://brainwallet.github.io/#verify copy: http://wallet-2sx53n.sakurity.com/#verify

(Bitcoin-QT) Correct Signature



(Bitcoin-QT) Incorrect Signature



(Bitcoin-QT) Correct Signature & Missing address




Correct Signature



Incorrect Signature & Missing Address



Incorrect Signature




Trezor
return to index
Note: full credit for this section goes to JeremyB. Na dem u go thank, not b me!

Correct Signature




Incorrect Signature





License (CC BY-SA 3.0):
return to index

U are free 2:

• Share - copy nd redistribute d material 4 any medium or format
• Adapt - remix, transform, nd build upon d material

I no go revoke dis freedoms 4 any purpose, even commercially. As long as u dey follow d license terms.

Under d following terms:

• Attribution - e dey very important make u give appropriate credit (mentioning jxt my name [shorena] e  don dey ok 4 me), make u provide a link 4 d license, nd indicate if dem make any changes.
• ShareAlike - If u remix, transform, or build upon d material, you must distribute ur contributions under d same license (see link).

link -> https://creativecommons.org/licenses/by-sa/3.0/

Signed version:

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
I bi shorena from bitcointalk.org nd today na him b d 24th of April 2015.
I publish my guide 2 sign message with bitcoin addresses and all related pictures wey dey under CC BY-SA 3.0
link to guide  : https://bitcointalk.org/index.php?topic=990345.0
link to license: https://creativecommons.org/licenses/by-sa/3.0/
-----BEGIN SIGNATURE-----
18uTXyQubfaYrkbQDdaXhzd2ALEY5YN77B
IDYQyGOx2rG9aJ3bZH/SJSRFZJMZiMrIxiNNY1Hv9geHLlYeGdYbH+AxNbT+qXGmEzojFt//loC+sj8yGo6AV9A=
-----END BITCOIN SIGNED MESSAGE-----

todo:

Code:

https://tools.bitcoin.com/verifier.html - verify
https://blockexplorer.com/messages/verify - verify
Bither v 1.3.7.1 - verify
Bitcoin Core version v0.12.0 - verify
Electrum 2.x - verify
Blockchain.info - verify
Multibit - verify
Multibit HD - verify
list more wallets/services wey no dey support signing 4 now, add reference where e dey possible
coinbase (own w/o text)
armory
(when fixed) coinig.com - verify

changelog:

Code:

2018.03.04 - make u add Filipino translation done by uelque, coinbase how to no longer available.
2018.03.02 - added Trezor sign/verify, ledger sign, brainwalletx updated pictures & french translation na Jeremy do am all
2017.05.13 - bc.iv2 - working
2017.03.24 - Bither Android HD -> cant sign
2016.12.14 - "thanks" w/o signed message = idiot/spammer/or worse
2016.12.11 - added btc.com, freewallet.org, GreenAddress, breadwallet, Coinomi, Electrum, Coins.ph. Samourai and blockchain.info for android as cant sign.
2016.07.31 - added bitgo.com as cant sign.
2016.05.11 - Updated bc.i v2 with link to Th0ur007's guide.
2016.04.17 - added a few sentences on p2sh addresses
2016.03.04 - added work around for bc.i v2
2015.12.20 - make u add brainwallet again via a mirror, reinstated d pictures
2015.10.01 - dem go fix d problem wey dey with blocktrail, removed d warning nd reinstated d pictures
2015.10.01 - make u add warning bcos blocktrail dey get problem with verifying certain messages
2015.09.17 - make u add notes about how dem sort each session 
2015.09.17 - make u change all imgur links/sources 2 https
2015.09.17 - make u add Bither v 1.3.7.1 (screenshots Ubuntu, Windows identical)
2015.09.17 - make u add several Copay (several version) to cant sign
2015.09.17 - make u add didnt bother to test section
2015.09.16 - make u add blocktrail.com - verify
2015.09.11 - sorted cant sign by name
2015.09.11 - make u add several more iOS 7.1.2 wallet to cant sign: Coins, ANX Vault, GreenAddress, BitX, Bitcoin Vault, Coins.ph
2015.09.11 - added Coinbase 4 Android thanks 2 prodigy8
2015.09.11 - updated todo list (blocktrail verify)
2015.09.10 - added several iOS 7.1.2 wallets to cant sign: bitWallet, breadwallet, Coinbase, Yallet, Wallet by Blocktrail, Bither Hot and Hotwallet
2015.08.12 - updated todo
2015.08.12 - added chain query alpha - verify - pictures
2015.08.11 - added link to chain query alpha - verify
2015.08.10 - added greenbits/-address to cant sign
2015.08.09 - temp removed coinig.com as it seems to be broken when verifying messages with linebreaks
2015.08.08 - temp added coinig.com to replace brainwallet - no pictures
2015.08.08 - brainwallet - verify no longer operational
2015.08.07 - added mSIGN and xapo to cant sign
2015.08.07 - added "cant sign" section
2015.07.27 - added first translation to romanian - thanks to Saruman
2015.07.27 - added list of translations
2015.07.20 - improved formatting - thanks to Muhammed Zakir
2015.07.09 - added link to coinbase how to - thanks to camelson
2015.06.22 - added multibit hd 0.1 - sig
2015.06.15 - did not add electrum 2.3.1 because its idential to 1.9.8, added text accordingly
2015.04.25 - added don't "compromised sys" - thanks to Muhammed Zakir
2015.04.24 - slightly changed license text (cosmetical changes)
2015.04.24 - added dos and don'ts - thanks to GreenStox
2015.04.19 - added link address stake thread - thanks to Muhammed Zakir
2015.04.12 - added license CC BY-SA 3.0
2015.04.03 - format, added note: use a date
2015.04.03 - brainwallet verify, added note: new "Bitcoin-QT"-Button
2015.04.03 - added Mycelium 2.3.0 on Android Lollipop
2015.03.17 - updated todo
2015.03.17 - added bc.i - sig
2015.03.15 - MultiBit 0.5.18 - sig
2015.03.15 - Electrum 1.9.8 - sig
2015.03.14 - Brainwallet online verify (Tor) - verify
2015.03.14 - Bitcoin Core version v0.10.0 - sig
2015.03.14 - Index
2015.03.14 - added Intro
2018.09.29 - Link to russian version by an@sha

[Kagaru]

Original Topic: DO NOT plug random cables and sticks into your device
Author: NotATether

From: https://www.zdnet.com/article/7-hacking-tools-that-look-harmless-but-can-do-real-damage/

If you dey use your computer to store any amount of crypto, or even if you dey use hardware wallet, make you no dey plug any random tin for your computer wey you no sabi, because e easy to hide cable or USB flash drive as malware wey go dey log your keystrokes and copy wallet files.

The following is a list of gadgets you should be particularly concerned of. If you see them anywhere in sight, get your computer away. Na very important make you no leave your PC unattended for some strange, unfamiliar place.

Flipper Zero:

E get USB port wey fit connect to devices and send keystrokes to run any command like to start keylogger. E still get WiFi controller for remote-control and file upload/download. This one fit use to upload malicious copy of wallet software or download wallet files. E sabi cause more Denial-of-Service damage than straight theft, however.

O.MG cables:

E get USB port wey fit connect to devices and send keystrokes to run any command like to start keylogger. E still get WiFi controller for remote-control and file upload/download. E resemble Flipper Zero well-well but e dey more hidden and fit camouflag with your other cables.

USB Nugget:

Like Flipper Zero and e still easy to spot for room.

USB Rubber Ducky:

More dangerous kind hacking tool wey look exactly like normal USB flash drive (person fit just draw with black sharpie or permanent marker over the logo). E fit send keystrokes to run any command like to start keylogger. No WiFi controller.

WiFi Pineapple

Na router wey fit do man-in-the-middle attacks like change DNS queries and spoof TCP/IP packets, and e fit read all data wey pass through the network except TLS-encrypted data.

LAN Turtle

Na router wey fit do man-in-the-middle attacks like change DNS queries and spoof TCP/IP packets, and e fit read all data wey pass through the network except TLS-encrypted data.

Of these devices, only the first four are especially dangerous. As any "virtual keyboard" fit open terminal to install keylogger wey fit record everything you type  including seed phrases and wallet passwords and the data fit get ex-filtrated before the keylogger even finish install.

Ideally, make you make sure say access to your computer area dey controlled and say only devices wey you sabi dey around am.