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Showing 20 of 29 results by Babayan-nawu
Post
Topic
Board Nigeria (Naija)
Re: [OPEN]Nominate your posts to get some Merit
by
Babayan-nawu
on 27/05/2025, 21:37:36 UTC
Bitcointalk username name: Babayan-nawu

Post link: https://bitcointalk.org/index.php?topic=5516462.msg64695752#msg64695752

Reason why Merit should be distributed: is because it enable newbies to get fully understanding of what spamming is all about with some useful answers.
Post
Topic
Board Nigeria (Naija)
Topic OP
Difference between Fiat and Bitcoin
by
Babayan-nawu
on 05/03/2025, 12:31:24 UTC
I have been studying the difference between Fiat and Bitcoin but I still get it twisted to understand what a Fiat mean, I would like the experienced members here to tell me the difference, I got to understand what a Bitcoin is all about but still confused on Fiat .

Thank you all
Post
Topic
Board Meta
Merits 1 from 1 user
Re: Merry Christmas to the Forum
by
Babayan-nawu
on 27/12/2024, 18:21:55 UTC
⭐ Merited by Lafu (1)
Merry Christmas to you and all the forum members. Happy holidays and happy new year in advance.
Post
Topic
Board Meta
Re: Merry Christmas to the Forum!
by
Babayan-nawu
on 26/12/2024, 23:21:31 UTC
Hope it's not too late to wish you.
Happy Christmas and happy holidays, may the blessings of this festival be upon you and everyone.
Post
Topic
Board Nigeria (Naija)
Re: Need an explanation on Spamming
by
Babayan-nawu
on 02/11/2024, 07:47:38 UTC
Spam topic is not when a topic has no replies. There are topics that people may reply to late. Spam topic is an unwanted topic. If you stay active on this forum, you will start to notice them. Such topic will have zero value. They are reported and may most likely be deleted.

Also the person that created the topic may post the topic again and again, or be posting another topic which have no useful content but to just spam.

A spam may not be a topic, it can be a post under a topic. It can be a non useful or non meaningful off-topic to a thread.

Off-topic are topics that are not related to any board on this forum. Such topics are moved to off-topic. Also off-topic may not be a topic but a post under a thread. Some are allowed if it is worth it, nobody will report it. But if it is not worth it, they are often deleted by a moderator because people reported it to be deleted.

Thank you for your insight
But at this point how would someone prevent himself from being spamming?
Post
Topic
Board Nigeria (Naija)
Topic OP
Need an explanation on Spamming
by
Babayan-nawu
on 02/11/2024, 06:41:20 UTC
Good day my good members of Bitcoin Forum.
As a newbie I must learn and ask.
There are some question I wanted to ask here but I was just going through some posts and comments just to understand  it better but still am still getting it twisted or i am confused,well my question is Spamming from my research:spamming is reefers to as unwanted messages,post and  comments sent to a larger numbers of people.
Furthermore,after going through the  Forum I have been seeing some posts and comments here in Forum,then I noticed many messages have been posted and none replied,is it that any messages that's not been replied are categorized  as spamming ? or the thread have been posted by someone before ?
Again what's off-topic all about?

Please my experienced expertise here highlight it to the best of my understanding
Thank you'll for providing a useful answer.
Post
Topic
Board Development & Technical Discussion
Re: What happen if Merkle trees didn't include in blockchain?
by
Babayan-nawu
on 01/11/2024, 05:46:17 UTC
In my recent research i have been learning about Merkle trees in blockchain, and during my study I read that it is data encrypted design used for data identification and stored all transaction data mined on the bitcoin network safely in blockchain. I also read that it helps miners identify whether transaction have been tempered with and it remove any duplicate transaction and that it has no delay when sending data across the network. They also total and stores all set of transaction in a block and produce digital fingerprint to all these transactions and allow efficient validation from user to check if it include a transaction in a block.

It clear to me from my research that Merkle trees are crucial in blockchain, but I'd like some assistance in understanding what would happen if merkle trees didn't included in the blockchain and what difficulties arise while using them. I would appreciate any corrections you may have so I may improve my research, because learning the technical aspects of bitcoin is my top goal here.


I think many answers were given but I will like add this too,Although Merkle trees make it possible to improve the performance, security and scalability of the blockchain. Without them, blockchain would face the most serious problems leading to congestion, centralization and lower rates of adoption.

I think you need to explain further why lack of merkle trees leads to congestion, centralization and lower rates adaption. After all,
1. Merkle tree doesn't determine block size limit, which means total transaction which can fit in a block doesn't change.
2. Full nodes verify whole block, where lack of merkle tree wouldn't have such major impact on verification time.
3. Average user doesn't know or care about how Bitcoin works in details.

CMIIW.


Congestion:    Without Merkle trees:   

Increased storage requirements: Hence, the block sizes would also increase since every block would need to contain all transaction information and therefore would require more storage space.

Increased transaction verification time: Every transaction within that particular block has to be verified meaning over reliance on computational resources which will take a long time, this also might lead to the network getting congested.

Slower transaction processing speed: Due to the delay in computational time, there is a reduction in the speed and number of transactions that can be conducted in a block. Thus overall decreasing the transaction throughput.

    Centralization:     Without Merkle trees:   

Growing computational requirements,Every stage of the transaction verification processes will be very complicated and thus it will favor only big mining companies having the necessary capabilities.

Greater barriers to entry,Smaller miners and nodes may find it difficult to successfully verify transactions which might result into centralization and lesser decentralization of the network.

Greater dependence on trust nodes, People may depend on centralized services or trusted nodes more than what is desirable to end up disrupting the decentralized scope of Blockchains.

    Lower adoption rates     Without Merkle trees:   

Substandard user experience,Due to delays in transaction processing and transaction verifications, when users are engaging in these activities, they are left in so much frustration.

Very limited scalability,As a result, the throughput in number of transactions would make it impossible for blockchains to achieve widespread support

Thank you for making me elaborate it more.
Post
Topic
Board Bitcoin Technical Support
Topic OP
How Do You Tackle Bitcoin Node Connection Issues?
by
Babayan-nawu
on 31/10/2024, 22:12:44 UTC
Bitcoin Node Connection Issues  Unable to Connect to Peers

If someone is having trouble connecting his Bitcoin node to the network. And he have checked his internet connection and firewall settings, but still can't connect to peers,is there any suggestions to this issue?

Thank you for your helpful suggestions.
Post
Topic
Board Development & Technical Discussion
Re: Can I verify the integrety of a QT wallet.dat file without making a transaction?
by
Babayan-nawu
on 31/10/2024, 20:24:04 UTC
Yes, the integrity of the wallet can be verified.

As a security feature, if you want to check the integrity of a QT wallet.dat file without initiating a transaction all steps can help you.
>>Do not sync the wallet and unlock it.
>>Check that the balances correspond to the explorer.
>>Run bitcoin-cli verifychain in order to examine the integrity of the blockchain.
>>Use bitcoin-cli getbalance to view available balance.

If these verifications are satisfactorily passed, probably the wallet.dat file is intact and the balances are ready to be utilized.

Note: Check whether the height of the blockchain of the given wallet is equal to that of the current height of the chain so that one can be sure the wallet is up-to-date.


Do you double-check what you write? bitcoin-cli getbalance might show outdated balance if you don't let Bitcoin Core sync the wallet (a.k.a. finding relevant transaction associated with the wallet). And FWIW, default parameter for verifychain (at least on Bitcoin Core 28.0) doesn't verify whole blockchain.

Thank you for the correction,you're absolutely right.

>>Bitcoin-cli getbalance may show outdated balance if the wallet isn't synced.
>>verifychain default parameter doesn't verify the entire blockchain (requires additional flags)

Thank you for helping me improve accuracy.

Post
Topic
Board Development & Technical Discussion
Re: What happen if Merkle trees didn't include in blockchain?
by
Babayan-nawu
on 31/10/2024, 06:27:58 UTC
In my recent research i have been learning about Merkle trees in blockchain, and during my study I read that it is data encrypted design used for data identification and stored all transaction data mined on the bitcoin network safely in blockchain. I also read that it helps miners identify whether transaction have been tempered with and it remove any duplicate transaction and that it has no delay when sending data across the network. They also total and stores all set of transaction in a block and produce digital fingerprint to all these transactions and allow efficient validation from user to check if it include a transaction in a block.

It clear to me from my research that Merkle trees are crucial in blockchain, but I'd like some assistance in understanding what would happen if merkle trees didn't included in the blockchain and what difficulties arise while using them. I would appreciate any corrections you may have so I may improve my research, because learning the technical aspects of bitcoin is my top goal here.


I think many answers were given but I will like add this too,Although Merkle trees make it possible to improve the performance, security and scalability of the blockchain. Without them, blockchain would face the most serious problems leading to congestion, centralization and lower rates of adoption.
Post
Topic
Board Development & Technical Discussion
Re: Can I verify the integrety of a QT wallet.dat file without making a transaction?
by
Babayan-nawu
on 31/10/2024, 05:40:32 UTC
Yes, the integrity of the wallet can be verified.

As a security feature, if you want to check the integrity of a QT wallet.dat file without initiating a transaction all steps can help you.
>>Do not sync the wallet and unlock it.
>>Check that the balances correspond to the explorer.
>>Run bitcoin-cli verifychain in order to examine the integrity of the blockchain.
>>Use bitcoin-cli getbalance to view available balance.

If these verifications are satisfactorily passed, probably the wallet.dat file is intact and the balances are ready to be utilized.

Note: Check whether the height of the blockchain of the given wallet is equal to that of the current height of the chain so that one can be sure the wallet is up-to-date.
Post
Topic
Board Development & Technical Discussion
Re: Can I verify the integrety of a QT wallet.dat file without making a transaction?
by
Babayan-nawu
on 31/10/2024, 00:17:01 UTC
Yes, the integrity of the wallet can be verified.

As a security feature, if you want to check the integrity of a QT wallet.dat file without initiating a transaction all steps are numbered below:

>>Do not sync the wallet and unlock it.

>>Check that the balances correspond to the explorer.

>>Run bitcoin-cli verifychain in order to examine the integrity of the blockchain.

>>Use bitcoin-cli getbalance to view available balance.

If these verifications are satisfactorily passed, probably the wallet.dat file is intact and the balances are ready to be utilized.

Note: Check whether the height of the blockchain of the given wallet is equal to that of the current height of the chain so that one can be sure the wallet is up-to-date.
Post
Topic
Board Development & Technical Discussion
Topic OP
What Existed Before Bitcoin.
by
Babayan-nawu
on 30/10/2024, 23:43:39 UTC
What Existed Before Bitcoin?

Before the emergence of Bitcoin in 2009, can one identify any precursors to its development or success – be it cryptocurrencies or any other form of digital currency systems? If yes, what were their core attributes and what were their key features, successes, and failures?



Your effective contribution will be appreciated.
Post
Topic
Board Bitcoin Discussion
Topic OP
The Possibility Of An Altcoin To Overcome Bitcoin Is Very Rare.
by
Babayan-nawu
on 30/10/2024, 08:17:17 UTC

It's very uncertain for an Altcoin to overcome Bitcoin.

I remember a friend making the argument that Altcoins can overcome Bitcoin because they can incorporate additional features or technologies that bitcoin does not offer, to which I responded with the view that there are many factors that might make it impossible for an Altcoin to overcome bitcoin.
In terms of network effects, its an almost certainty that no Altcoin will get any considerable traction due to Bitcoin’s large user base and the heavy network effects.
Secondly, dealing with brand presence, it is also a mystery how many years will it take to build such a strong brand.
Speaking of security, other coins may put up a more competitive approach but it will be hard to replicate the hash rate and other security measures in place.
In the area of regulation, it is clear enough that bitcoin stands out from other coins because of its regulatory clarity and compliance advantages, as well as in ecosystem robustness– there are exchanges, wallets and payment processors for bitcoin which are enough to support a large scale adoption. Thus, in all these regards, there is a lot of hardships for Altcoins, and on this other hand, if we continue debating the counter-arguments, then there is no end to it as bitcoin is not short of such proofs. Therein, these make bitcoin still the best and the unmatched king of all the crypto assets.


Thank you'll for your effective contribution.
Post
Topic
Board Nigeria (Naija)
Topic OP
Tell us the biggest thing way bitcoin don do to u dis year
by
Babayan-nawu
on 29/10/2024, 06:46:36 UTC
Bitcoin is currently the most valuable cryptocurrency in terms of market capitalization,price,trading value,hash rate,adoption and others.

Dear Good members of the Bitcoin Forum,
With December just around the corner, it is opportune time to talk about how bitcoin has impacted our lives. For instance, how do you feel that bitcoin has changed or impacted your life the most in this present year?

Perhaps you could elaborate on your experiences, such as the following:

Profit, loss or break even

Changes in the way you invest

Change of the overall attitude about cryptocurrency or finance

New business ideas or projects

Self-development or educational achievements

Active participation in communities or meeting new people

Share your experiences so that others can learn
Thanks for your helpful contribution.
Post
Topic
Board Speculation
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
by
Babayan-nawu
on 28/10/2024, 20:48:43 UTC
My first report since on 23rd of this month.

Report:

 100k,Babayan-nawu, 6, 610,2024-10-28
Post
Topic
Board Nigeria (Naija)
Re: Naija Novice Hangout {Newbies introduction & Orientation} Thread.
by
Babayan-nawu
on 24/10/2024, 08:36:49 UTC
I'm so overwhelmed of seeing my best location(Naija),although I have been searching,reading,studying and learning  which is the best and the neccessary things to do as a newbie,well this Forum isn't a place someone will come and start doing what he/she likes because once you didn't abide by all the Forum rules,guidelines and regulations you will have yourself to blame,obviously it's very good for a newbie should always be calming down whenever he/she wants to make a decision of doing the necessary things here, sincerely speaking my Naija people sometimes are very strict,me as a newbie I will like to introduce myself as first time of being here and as a newbie.


Username: Babayan-nawu
Gender:Male
Country:Nigeria
State:Niger
Skill: Interior designer (POP,screeding,painting,polystyrene,wallpaper and production)


Nice to have you'll here my good people of Naija(Wuna Weldon ooo).
Post
Topic
Board Speculation
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
by
Babayan-nawu
on 23/10/2024, 21:30:39 UTC
Bitcoin is headed to $100,000 and that's not speculation. OK, maybe it is, but the 100 Push-Ups A Day Until Bitcoin Is $100K challenge is real and has been echoing throughout the community for a week now, so I thought I would make a thread here for those of us who want to try and hold ourselves accountable.

The first video that comes up when you do a quick search for this is Jae from Proof of Work Fitness, so I'll give him credit for kicking off this trend until someone corrects me with better information.  You can see his video about it here: https://www.youtube.com/watch?v=rPrsA7gBc3U

I myself started this challenge on 2/2/24 and hope to inspire other Bitcoiners to take this step to help build some muscle in the community.

Here's a video showing you what happens to your body after doing 100 push-ups a day for a month and gives some tips on proper form: https://www.youtube.com/watch?v=euPXf2hqU3s

My only real tips would be to not worry about trying to do 100 push-ups at once.  Break them down into as small of sets as you need to keep from hurting yourself.

If 100 a day is too much, maybe try to start with whatever "K" the Bitcoin price is at and work your way up to 100 along with Bitcoin.  Smiley

Who's in?!?!?


https://www.talkimg.com/images/2024/02/24/YhGpJ.jpeg


Want to be included on the spreadsheet tracking everyone's push-ups?  Below is the format to post your progress in order to be added to the spreadsheet.  
Example: 100k,OgNasty,69,6900,2024-04-20

[Format(notice no spaces): "100k,UserName,DaysDoingPushups,TotalPushupsDone,yyyy-mm-dd"
This would be the first 3 posts of a new participant named Pushupper who completed 20 pushups on day 1, 30 pushups on day 2, and 30 pushups again on day 3.

Day 1 post include = "100k,Pushupper,1,20,2024-03-15"
Day 2 post include = "100k,Pushupper,2,50,2024-03-16"
Day 3 post include = "100k,Pushupper,3,80,2024-03-17"]

The quotes won't matter to the script and might help emphasize the no spaces rule?

100 Push-ups  A day ?

When I saw this thread,I was like how?...but after going through I was so excited,although I am a newbie which I don't know about it here for a long,but after watching a video link posted by #OgNasty on YouTube I was so happy and I decided to also change my daily exercise from jogging to Push-ups from today because this Push-ups can make me getting reliefs of any joints pains in my body and also boosting my energy and I will be healthier.
By reading some comments and breakdowns of how it is,which I will like to start mine tomorrow,although it been long I did it but from my understanding through the superiors comments I was able to understood how to write a report which is:
Step 1: write 100k abd give Decimal separator
Step 2:write your Bitcoin username put decimal separator and give space
Step 3:write how many days you have done your Push-Ups and put Decimal separator and give space
Step 4: write the number of Push-ups you have done and put Decimal separator
Step 5:write the year 2024 with Dash mark without spacing
Step 6:write the month you are reporting in number with dash mark
Step 7:Date in which you are reporting.

Example
Report
100k,Babayan-nawu, 10, 1000,2024-10-23
Hope I really learned?
Thanks to #Dirtyakeyboard for your contribution.
Step 6:
Post
Topic
Board Bitcoin Discussion
Topic OP
Share Your Knowledge on Bitcoin and Altcoin
by
Babayan-nawu
on 23/10/2024, 08:04:29 UTC
Good day to members of this great community.
From my research,reading and studies I saw alots about  Bitcoin and Altcoin which still don't get it clearly specifically (Altcoin) well,Bitcoin is reefers to the first largest cryptocurrency and  the most widely accepted and recognized cryptocurrency with a strong security of high market capitalization.
Now I learnt that the Altcoin  was lunched after Bitcoin and it was created by various individuals less widely accepted and lower market capitalization, Although I got understood the bitcoin clearly but my questions is now base on this Altcoin,since it was created by various individuals,does Altcoin deals with a specific cryptocurrency or many cryptocurrency ?
Would the experienced expertise provide a neccessary examples and breakdown of this Altcoin to my level of understanding?

Thank you all for putting me through.
Post
Topic
Board Bitcoin Discussion
Topic OP
How Can You Understand Bitcoin Effectively and Acquire it easily.
by
Babayan-nawu
on 21/10/2024, 23:47:06 UTC
Good day my members of this community,I am interested in expanding my learning knowledge about Bitcoin and looking for ways on how it being obtain. Therefore, could more knowledgeable members of this great community reveal how.

>>How does one get accurate and up to date information on Bitcoin news, research, and development?
>> What is the best way to tell real news from fake news?
>>Are there any specifics of obtaining bitcoin depending on the region/country?

I am in need of detailed insights and practical instructions. Also want to know both theoretical and practical aspects of the issue. Thanks for your contribution and for enabling me to understand Bitcoin better.