This is nothing new. People send bitcoin to the genesis block all the time. Its basically burning bitcoin away. Sometimes its done on some anniversary of some bitcoin event and sometimes its done randomly.

The transaction came from an exchange which batched the withdraws. So there could of been 5-10 different actual withdraws and 1 of them was someone that sent it to the genesis block. Why did he send it there? Probably wanted to donate his bitcoins, I am not sure.

But this is not satoshi reappearing. If money was spend from that address it would be different but anyone can send bitcoins to the genesis block.

Nigeria banks e dey negligent and dey only want di customers to deposit and they deduct or use the money of the depositor to do business nai be only thing they know. And apart from banks as you said government organizations and institutions are worst than the banks example like schools, after graduation we submit our projects and after some years the projects we have written were disposed in the wastebin or in the public domain and anyone saw am go collect and see your informations and contact you either Facebook or other media platforms through the name.
Today I been dey think of something, "Gmail" na one of the secure platform in the world. People have been using Gmail for years (20+years) yet they are still using it, but I don't think there is any Facebook account that has spent 20+ years in Nigeria.
And do issue, no be we be the custodial of the bank details so we can't secure them but the banks and if dem no fit keep well, na so scammers go dey call us like that but we should be careful of the calls. Bank customers will never call you to ask your bank login details or OTP. But if you make a deposit and you didn't write the account details current them go call you and only ask you the correct account number.

Be careful when dealing with banks online.

Any credible new source about the arrest?

Honestly, it's my first time hearing about this incident, even when it happened 5 years ago and was bigger that most crypto exchange hacks that have ever happened in this space.

The Bitcoins that were stolen from the mining pool, were they owned by the mining pool itself or the miners had a stake in them? If the miners had a stake, how is it that they didn't make any noise when maybe Lubian stopped payments and shutdown?

Nothing stops anyone from having Bitcoin and fiat, know this that Bitcoin can't replace fiat no matter our level of adoption.

Paper money isn't only called fiat, the balance in our banks are part of fiat, there are more electronic banks for fast spending and less charges. I don't believe banks and fiats are getting replaced, Bitcoin remains an alternative for fiat but likely to grow wide for investment purpose.

People are going to use Bitcoin for investment more than they will as currency.
[

I see what you mean bitcoins definitely getting more popular especially as people move away from carrrying cash but fiat is not just the paper money in your pocket it is also digital money sitting in your bank that already fast easy and widely accepted I don think bitcoin will fully replace fiat they all probably just run alongside each other with bitcoin being more for investing and fiat still used for the day to day spending

Bitcoin over time raises in value so I understand why people would want to buy immediately now but bitcoin goes in cycles so you can still buy more when the price is not that high and then wait for the price to go up. Either way, you can be certain that you will end up profiting if you do dca over a long period of time.
Bitcoin accumulation certainly needs money but bit by bit anyone can do it as well.

So my naija people, The purpose of this thread na to bring out some specific terms that are re occurring on this forum for enlightenment. Wheather you be newbie or frequent user. You go learn 1 or 2 from this thread.
Bitcointalk forum has been designed to ensure the proper tranfer of knowledge of bitcoin to the general public so while you dy navigate the forum, you go come across some of this terms.

DYOR: Do your own research: This one na mainly advice and e mean say make you first checkmate everything before you put hand, be it buying, trading, holding etc. Make you ensure say you no dy take decision just anyhow or maybe out of watin you just read for few seconds. Try dy grounded first and no allow any rushing. When you do reserch first before you make decision, e go save you alot of "had i known"
If you want understand why your own reseach dy important, see some threads here
https://bitcointalk.org/index.php?topic=5546657.0


P2P: This one means PEER TO PEER: You go see this term mostly for transaction topics, E be like buying or trade by batter. Na just system wy be say them go match you with person wey wn sell the coins you wan buy. So instead of you to buy from exchanges, you fit buy directly from them like how you dy do for market but the thing be say you gats shine you eye well well make them no run you street.
To see the common ways them go wan job you if you no wise see this threads
https://bitcointalk.org/index.php?topic=5551154.0
https://bitcointalk.org/index.php?topic=5551405.0


Seed Phrase: If you don watch movies well well, you go see say when 1 senior man get better money inside ihm house or office, e get 1 lock like that wy be say na only him get the pattern to open am, Na so seed phrase just be. They are usally 12, 18 or 24 words wy you fit use access or recover your wallets where you keep your assets. No forget say if anybody get access to that senior man lock pattern, them fit access am come do anything them want. Same as your seed phrase. If somebody else get am then them fit use your assets do anything, if you loss am then your own don be be that so try dy protect am by any means necessary.
To know how to protect your seed phrase, see some of this threads:
https://bitcointalk.org/index.php?topic=5552830.0
https://bitcointalk.org/index.php?topic=5552729.0
https://bitcointalk.org/index.php?topic=5551875.0


HODL: This one originally mean HOLDING. And e mean say make you continue to dy hold your bitcoin and make you no really sell am. Observe say them spell am as HODL instead of HOLD because of 1 post wey 1 of the earliest bitcointalk users been make that mistake. So now them dn convert am to "Hold on for Deal Life" and e still mean same thing which is continue to hold your bitcoin
See the link to the original post here; https://bitcointalk.org/index.php?topic=375643.0


Wallet: Just like your regular wallet where you keep your personal money, I.D cards etc. A wallet is a tool that helps you to store, send and receive cryptocurrencies like Bitcoin eg Trust wallet, Meta Mask

Exchange: Exchange are usually confused most times with Wallets, The thing about seed phrase be say them dy give you platfrom to fit buy or trade your Bitcoin or any other coins.
See this:   https://bitcointalk.org/index.php?topic=5551444.0


Moderator (MOD): Moderator for this forum na people wey dy help organize each section of forum to ensure say topics dy for their right position mae people fit easly find them. If moderators no dy them different post go just scatter everywhere. If you mess up self them fit Ban or suspend you if you go againts the rules of the forum.

FOMO: The full meaning na "Fear of Missing Out" This na exactly your outcome or when you never do proper reearch and you just want invest. Na that fear say if you no rush do things you no go fit meet up or you go miss out on good chance.

Merit:This one be like token of appreciation if you make better post wy fit help people for the forum

Make i hold on for this point
Other people una fit add more make people learn

      For years now bitcoin has thrived in Nigeria at a high rate. However today I figured out that no one talks about mining in the Nigeria board the same way we talk about P2P exchange. So I had to do some research and it turns out that Nigeria is actually not thriving when it comes to Bitcoin mining .Here is why.
Normally, we all know that mining needs a huge amount of steady energy supply to power the (ASIC) mining computers but in Nigeria we don't have steady electricity given the poor amount of energy supply and even low current This has made mining impossible in Nigeria. I can't even mention fuel or generators as an alternative to this issue. Furthermore, mining needs to be in a cool environment and our Nigeria's sun is very hot . Given that The computers and equipment needed to mine are very costly and can't even be found in Nigeria even if it was to be imported the cost of shipping them from other countries will be very high so just imagine they gets spoilt that will be another wahala entirely.but still it has been said that whatever has a problem must have a solution.
 The solution I have taught of can only involve government intervention. It is certain that we have a high amount of renewable energy right , energy like solar and hydropower. It's a big one, but if the government chose to invest and develop on it, I am certain that it will bring about more reliable and sustainable cheap energy that can be used in the mining industry. And as well creating educational centres for people to learn how to use the mining technology. With that they will give all this private companies a good reasons to invest in renewable energy like solar and hydro power. This wouldn't only help the crypto mining industry, but other businesses that are still look for steady power supply also.
check out this links below

https://bitcoinmagazine.com/business/how-bitcoin-mining-is-perfect-for-nigeria

 All this involves the government intervention if possible they decides to build a local market for mining gear and experts in Nigeria, it will make our country Nigeria a major crypto mining country in Africa.

For many years now Nigeria don emerge as one of the global leader for adoption of crypto, which Nigerians don use ham tackle so many economic related issues wah dy we country, e for really good say our government com creates ways wah person go fit dy use crypto dy buy things for places like supermarket,malls,and even to pay school fees, e for really make sense with d wah individuals for we country don get knowledge about this crypto how ona see ham naw

The USA govt seized 7.5 million illicit crypto accounts from Nigeria and Russia.

According to the news, the fraudster scams his victims by requesting them to send money to "false escrow entities" that their fund will use to invest into the oil and gas industry.

Assets include a Binance account, 19 BTC, 39 ETC, and over 156 TRX.

According to the news, fake accounts were opened by scammers that include different institutions.

This scam of a thing is becoming alarming and is ruining our nation. Although, it includes a fraudster from Russia too. My own concern is my nation. It is damaging our noble country's image internationally. It is unfair. Can Nigerians be trusted internationally as they used to be in the 80s anymore?

https://gazettengr.com/u-s-govt-confiscates-7-5-million-illicit-crypto-assets-from-nigerian-fraudsters-binance-accounts/

This new political party ADC, they never really tell us their goal.


Ex presido goodluck Jonathan say make peter obi step down for this him presidential race coming 2027 say him go grant ham ministerial position rather. How ona see this matter .source from.https://youtu.be/GZY_ukFWJPE

I don't think that youths are no longer learning skills jobs anymore because with the current economy of Nigeria, learning a skill or handwork is very important. It is not everyone that will go into online jobs, we need mechanics to fix our cars, radionic to repair our electronics and the rest.

As a matter of fact, if you go to higher institutions, you will see that most of this skills are also learned there. Down here in my environment, I still see young youth on apprenticeship. If all the age men in this skill jobs die, who will repair our cars and render services on other skills. If you are a professional in your skill, you wouldn't bother on how to survive in a harsh economy.

True. Even in a case where any local currency could gain something over dollar, it is not going to do it against the bitcoin at the same time. If we can invest into bitcoin, we are leveraging ourselves over all other fiats in the world, and that is why everyone who gets into bitcoin, usually stays in bitcoin.

I have seen plenty of people who said they want to leave, and eventually they ended up coming back, because they all see the benefit of bitcoin here and there, which makes things a lot easier for the long term as well. This doesn't mean that we are going to see much changes, it is not going to be easy, but if we can make it work, then we could definitely consider this a very important figure for all of us.