Ninjastic
Search content
Sort by
Showing 20 of 109 results by Dulen007
Post
Topic
Board Nigeria (Naija)
Re: Bitcoin Meetup: What’s your experience?
by
Dulen007
on 29/08/2025, 09:15:50 UTC
Quote from: Lida93 on August 18, 2025, 05:53:33 PM
All these meetups no the get head for this our country as a result of the intention the coordinator s and hosts the use organise am. It's not like what we see on other countries abroad where discussions are thoroughly held, questions are tackled deeply to make sure the purpose of the gathering way better to enlighten people is achieved and no be to go use me as to use raise funds to themselves say na bitcoin meetup.

But make we reason am well. Bitcoin itself no need meetup. Bitcoin no get PR manager, no get central office, even the founder we no sabi in real life. Yet the system dey run 24/7 without wahala. Na human beings dey need orientation, no be Bitcoin. And that’s why meetups fit get sense if dem do am  well because we Nigerians sabi learn faster when gist dey face2face, no be everybody get time to dig deep online.
So to me, the question no be if meetup dea necessary or not  the real issue na who dey hold the mic dea tell people waitin Bitcoin really be. If na one empty hypeman wey no understand Bitcoin, everybody go commot with wrong mindset. But if na solid education dey happen, e fit save plenty people from scam, bad investment.
Post
Topic
Board Gambling discussion
Re: which has better odds
by
Dulen007
on 29/08/2025, 08:28:08 UTC
Quote from: Rgram on Today at 07:51:20 AM

To add to it, every online casino seems to have a means for just anyone at anytime to verify if a gamble is fair and their are people or groups that takes these seriously and given the much competitors out there, they are always about giving nothing short of the best of services and bonuses to make them stand out. Physical casinos don’t give much about that and they’ve got more cost than the online casino which would reflect on how fair and what odds they provide to maximize profit.

Yeah, that’s true. Online casinos have really improved with the help of technology. Most of them use random number systems that can be checked to make sure the games are fair (A computer program that makes sure every spin, card or dice roll in an online casino is completely random and not controlled by anyone) and some even get tested by outside companies. Because there are so many online casinos competing, they give out big bonuses, better payouts, and more game choices to attract players. Unlike physical casinos that spend a lot to get things going. online ones have fewer costs, so they can give more back to players. Plus, you can play anytime, anywhere, without the extra stress or expenses of going to a physical casino.

Post
Topic
Board Nigeria (Naija)
Re: How can crypto regulations in Nigeria be more Favourable??
by
Dulen007
on 16/08/2025, 16:20:05 UTC
Quote from: casey15 on August 14, 2025, 06:34:29 AM
Hello Bitcoin talkers..
  We all know that the regulatory body of crypto in Nigeria has been up and down.. today they are putting a ban, and  tomorrow they are lift ban just to oust a ban again...
 But recently we've have some major shift that most financial institutions can now work with some licences crypto currency firms.. this is proof that we can still grow and make progress in this crypto phase..

 However I really want to ask us  How do we think the crypto community in Nigeria can effectively advocate for more favourable Regulations concerning crypto currency in Nigeria...

Here is what I think.

1. We can support other crypto advocate like SiBAN(stakeholders in block chain technology association of Nigeria) and BICCoN(Block chain industry coordinating committee of Nigeria) because they are at the forefront of policy making.. we can become a member or donate towards their agender or just by following up recent activities...

2. We all know that the government main concern about crypto is the issue of fraud e.t.c. even if we know that they want to be in control of fiat... But still if we actively promote legit and strong practice in the use of crypto, we can build a more favorable environment for it to grow ...

3. I made a thread concerning block chain developers in Nigeria.... I feel that we as private individuals can support these startups and local project

I will like to know your thoughts and practical ideas that can be useful in making crypto regulation more favourable in Nigeria...

How can we really educate regulators and the public about the benefit of crypto??
How can we support the existing advocates in the country??


See eh, I honestly believe say one of  the best way to get better crypto regulation in Nigeria is for us to get more involved and show the positive side of crypto. If we keep using it for legit purposes and support local blockchain projects, one very good day the government will start seeing the real value, not just as fraud as some Nigerians already think that's what crypto (Bitcoin) is all about. At the same time, if we keep supporting groups like SiBAN and BICCoN, even if it’s just by following their activities it Will help, because they’re already trying to engage the government. In the end, the more we educate people and show real the use which is to send and receive store without the help of any bank or government in the middle, the harder it will be for the government to keep treating crypto like a threat.
Post
Topic
Board Meta
Re: From Newbie To Legendary: The Case For Early Opportunities
by
Dulen007
on 13/08/2025, 08:22:16 UTC
Quote from: Plaguedeath on Today at 08:09:35 AM
You said they have a genuine interest, then in your last words you said "reason to stay active", so which one? it's the genuine interest or signature campaign? don't mix it.

What I meant is that newcomers already have a genuine interest in Bitcoin. The signature campaigns were just a tool to give them extra motivation to stay active and contribute more, not to create interest from scratch.
Post
Topic
Board Meta
Topic OP
From Newbie To Legendary: The Case For Early Opportunities
by
Dulen007
on 13/08/2025, 07:48:43 UTC
From my research about this forum and its history, I’ve come to understand why it was created in the first place, and that is to spread Bitcoin knowledge across the world, create a place for discussions, and help people grow in their understanding of this technology. Over the years, this forum has produced incredible members who started as complete beginners and became valuable contributors.
One thing I discovered is that in the past, there used to be signature campaigns that at least Jr. Members could join. It wasn’t just about the earnings. I believe these campaigns encouraged newcomers to read more, research, write better posts, and participate in meaningful discussions. Many of the high-ranking members today probably had their spark from those early opportunities.
Now, those campaigns no longer exist. I’m not fully sure why they were stopped. Maybe because of spam or misuse, but I honestly believe not every newcomer is a spammer. There are still people who join with genuine interest, willing to learn and contribute if they have a reason to stay active.
Bringing back campaigns for at least J. Members, even in a limited or carefully monitored way, could motivate more newcomers to stay, learn, and improve. While they’re getting motivated, they’ll also be building the habits and skills that could make them Legendary one day.

If the goal is to keep growing the Bitcoin community, then we should also be thinking about how to nurture the next generation of members. Sometimes, a little opportunity is all it takes to create a great contributor..
Post
Topic
Board Economics
Merits 1 from 1 user
Re: #1 economy problem
by
Dulen007
on 12/08/2025, 07:09:25 UTC
⭐ Merited by d5000 (1)
Quote from: kotajikikox on Today at 02:12:54 AM
Ever thought about what is the #1 problem all countries face? I searched and multiple sources said that an economy's number one problem is scarcity. There is an unlimited demand from humans but there are only limited resources. It becomes now a problem when the government has to answer these questions:

1. What to produce?
2. How to produce?
3. Whom to distribute the product?

With limited resources, the government has to decide on the most profitable product to make. They have to find a way where they minimize the costs but maximize the profit. But then they have to ask themselves who should benefit from the end product? Some government decide based on wealth. If you are rich, you get the best products or services. Some governments distribute it equally or based on needs but this usually happens in totalitarian authorities. Some governments mix it up and give some to those in need but also to those who pay taxes the highest.

There is a lot of reasons why this problem can't be solved for good. One is that there will always be needs from people. The population keeps growing and growing. The resources keeps on dwindling down. Not to mention corruption. Will there be a time where we would all have to literally fight for resources?
We all know scarcity is real, but I think the bigger problem is management.
A lot of countries have enough resources to keep everyone comfortable, yet we see waste in one place and shortage in another. It’s not always about lack. Sometimes, it’s bad distribution, greed, or corruption.
If leaders used resources efficiently, planned long-term, and kept the process transparent, scarcity wouldn’t feel like a permanent crisis. The danger is, when people lose trust in how resources are handled, they start competing aggressively for whatever that is left and that’s when conflicts happen.
Maybe the question shouldn’t just be “How do we produce more?”, but “How do we share better?”
Post
Topic
Board Nigeria (Naija)
Merits 3 from 2 users
Re: What potential does DApps have in Nigeria
by
Dulen007
on 12/08/2025, 06:01:19 UTC
⭐ Merited by Rgram (2) ,casey15 (1)
Quote from: casey15 on Today at 05:29:05 AM

1. What idea do you have that a dApp could probably solve...


I like the examples you gave, especially the one about tracking goods to fight fake products. That’s a big problem here.
One idea I think would be useful is a DApp for transparent public spending. Every government project and payment could be recorded on the blockchain so anyone can check where the money really goes. It would make it harder for funds to disappear and could increase trust between the people and the government.
Another one could be a land ownership DApp to help verify property documents. That way, nobody can sell the same land to multiple buyers which happens a lot here.
I believe if we start building more of these local-focused solutions, people will see blockchain as more than just trading crypto
Post
Topic
Board Development & Technical Discussion
Re: Should Coin Control be enabled by default?
by
Dulen007
on 01/08/2025, 08:20:52 UTC
Quote from: valkiry2 on July 17, 2025, 07:18:39 PM
How can I get btc from "change invisible" address ? I have old bitcoin core wallet, the GUI I see one btc, but if I check the address via blockchain, I see another btc

After doing some research, here’s what I understand.
Sometimes, when you use Bitcoin Core, it creates a change address.This is where the extra BTC from a transaction goes. So, even if your main address shows one amount, another part of your wallet (the change address) might hold more BTC.
That’s why the total in your wallet can be different from what shows on the blockchain when you check just one address. But don’t worry, if it’s the same wallet, all that BTC is still yours.
Post
Topic
Board Gambling discussion
Re: Being a gambler could actually help you succeed in running a business…
by
Dulen007
on 31/07/2025, 23:41:55 UTC
Quote from: robelneo on July 30, 2025, 10:21:46 PM
Quote from: Sanitough on July 29, 2025, 10:31:10 PM

So I’m curious, do we have any successful business owners here who could say that their experience as a gambler somehow helped them succeed in business?
We must remember that we are gambling with uncertainty in a casino. In contrast, when running a business, you expect a profit based on a feasibility study and your knowledge of the industry, which eliminates the element of uncertainty.
You can be lucky in gambling, but when it comes to running a business, luck is not a significant factor; your knowledge and expertise are.


Gambling and business are very different, even though both involve taking risks.
In gambling, you mostly depend on luck. You might win today and lose everything tomorrow. You have no real control over the outcome.
But in business, you make plans, study the market, calculate your costs, and try to reduce risk. You use knowledge and experience, not luck. Even though there's still risk, you can manage it better.

Now, it's possible that someone who has gambled a lot learns how to handle pressure or make quick decisions, and that might help a little in business. But to truly succeed in business, you need skills, discipline, and a good strategy not just luck.
Post
Topic
Board Nigeria (Naija)
Re: Which one you dey do with bitcoin?
by
Dulen007
on 31/07/2025, 23:20:57 UTC
As Nigerians, we dey quick rush anything wey fit bring fast money, especially with how things hard. But many people dey enter trading and gambling without full knowledge. Dem no sabi risk management, dem no dey patient, dem just wan double money.
Truth be say, Bitcoin no be magic. If you no get strong mindset and plan, you fit lose pass as you gain. For this kind economy, e better make person first invest in knowledge before e invest money.
Crypto suppose be long-term game. whether na trading or gambling, make you just shine eye, build small skill on the side, and no put all your hope for one angle. Balance go always pay pass rush.
Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin survive if all miners stop mining Bitcoin?
by
Dulen007
on 31/07/2025, 22:29:38 UTC
Miners play a very big role in keeping Bitcoin running. They help confirm transactions and make sure everything is secure. Without them, the network wouldn’t work properly, and transactions could get stuck forever.

Now, about the Future; Yes, the block rewards will stop one day because Bitcoin has a fixed supply. But even after that, miners can still earn money from transaction fees. As more people use Bitcoin, the total fees might be enough to keep miners interested. The more the network grows, the more chances there are for miners to earn just by helping the system run.

But if miners ever stopped completely (which is very unlikely), Bitcoin would face a big challenge. That’s why it’s important that the community keeps building and improving the system so it stays strong in the long run.

One cool thing to remember is this: Bitcoin was made to survive without depending on any one group not even the miners. So if things ever change, chances are new solutions will come up too. That's how strong communities work.
Post
Topic
Board Economics
Re: What Does "Being Rich" Even Mean Anymore?
by
Dulen007
on 31/07/2025, 20:40:22 UTC
Quote from: slapper on July 22, 2025, 11:44:33 AM
So I ask you:
- Has your life changed with the "growth" of your country?
- Do you feel more secure, or less?
- If you could choose, would you want more money, more time, or more trust in people?

I'm from Nigeria, and honestly, the "growth" of the country doesn’t feel real to most of us. Things are more expensive, jobs are hard to find, and people are just trying to survive. Many of us got into crypto, not because it’s fun or trendy, but because we’re looking for hope.
If I had to choose, I'll honestly go for more time and peace of mind, not just money. What’s the use of money if you’re always tired or stressed? And I think trust in people and in the system matters too. It's hard to build a future when you don’t trust the ground you’re standing on.
For growth to be real, it should make life better for everyday people, not just show up in headlines or reports.

Post
Topic
Board Economics
Re: US Americans can now donate towards reducing national debt via Venmo
by
Dulen007
on 31/07/2025, 07:37:30 UTC
It’s a bit strange and sad at the same time. The government asking people to donate money through Venmo to reduce national debt. People are already dealing with high cost of living, inflation, and low wages.
Now they want help from the same people who are struggling?
This just shows how bad things have gotten. Instead of asking for donations, the government should focus on fixing the real problems, like cutting wasteful spending, fighting inflation, and improving the economy.
If the people had real help during hard times, maybe they wouldn’t mind helping back. But right now, it feels like the priorities are in the wrong place.
Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Investment and Risk Management
by
Dulen007
on 30/07/2025, 20:55:20 UTC
⭐ Merited by Rgram (1)
This post really makes sense. It covers the basics well and gives practical advice that any beginner can understand. But here’s a little contribution I want to add:

One thing I noticed is that emotional discipline is just as important as financial planning. Many people know what to do, but the real challenge comes when the market crashes or when people around them start panicking. That’s when most sell out of fear, even after planning for long-term.

Also, maybe it’s worth mentioning that not everyone has to invest heavily at once. Even small, steady amounts (like N10k, N30 weekly) over time can build a strong position. Especially if you're using Naira Cost Averaging (NCA).

Lastly, I’d suggest one more tip for risk management:

Never invest money you’ll need soon.
If your rent or school fees is due next month, that money shouldn’t be in crypto.
Post
Topic
Board Nigeria (Naija)
Re: How Bitcoin Uses UTXOs Instead of Balances
by
Dulen007
on 29/07/2025, 22:55:57 UTC
Quote from: I_Anime on Today at 07:10:40 PM
I know many here think that in their bitcoin wallet the  balance showing are bitcoin. But nah is not bitcoin rather is UTXOs which stand for ( Unspent transaction Output ) . I am going to use this post to break it down for folk here (I know shey some of nah Dey aware already)on how it works , for those that don’t this is how it works .

Let me say Mr A received BTC from three separate transactions,

1st 0.5 BTC

2nd 0.3 BTC

3rd 0.2BTC
 
So those BTC above shows that Mr A has three UTXOs , totaling will be 1 BTC . So Aslong he never spend anything Mr A is still holding his UTXO until sending to another wallet as coin if am not mistaken.

So for instance Mr A want to do any transactions , like for instance 0.85 BTC . He go need to choose enough UTXO wey go fit cover that exact transaction of  0.85 BTC so e got use the three UTXO wey Dey he wallet  as his new input inorder to coverup the 0.85 transactions . Then create 2 new outputs , one to the person his sending 0.85 BTC to while the other to himself as change of 0.15 BTC (the remaining digit wey go Dey show for the balance after the transaction).

Nice explanation OP, But I have a question sha...
If someone has many small UTXOs (tiny amounts), does it affect the transaction fee when sending BTC?
Like, will using many small inputs make the fee higher?
Just want to know if it’s better to combine them sometimes to save on fees later.
Post
Topic
Board Beginners & Help
Re: Excited to Join and Learn More
by
Dulen007
on 29/07/2025, 22:40:49 UTC
Honestly, you’re already off to a great start. The way you introduced yourself shows you’re here for the right reasons  not just hype, but to actually learn and add value.

Like you said, Bitcointalk might look old-school at first, but trust me, there’s a lot of knowledge buried in these threads. If you stick around and keep showing up with good energy like this, people will notice.

A few simple tips:

Don’t worry too much about merit or rank in the beginning, just focus on making useful posts.

Take time to read before replying, so you’re not repeating stuff that’s already been said.

Ask questions, but show you’ve done a little research first. That goes a long way.

Interact with others, quote posts, and share your own thoughts. That’s how you build trust here.

Even if your English isn’t perfect, just be clear and real. People respect that.

You’re on the right track. Keep it up, and the growth will come naturally. Wishing you the best on your journey here!


Post
Topic
Board Nigeria (Naija)
Re: BurnaBoy distance him self from Memecoin linked to his name
by
Dulen007
on 28/07/2025, 22:11:03 UTC
BurnaBoy did well by warning people about the fake memecoin using his name. That’s how real fans end up getting scammed because they trust too quickly. But where I think he went too far is calling cryptocurrency a scam. That’s like saying music is a scam because fake promoters exist.
The truth is, crypto itself is not the problem. The problem is many people jump into it without understanding how it works. Scammers are everywhere, even in music, politics, and business. That doesn’t make those things a scam.
What we really need is education. If people learn the right way to use crypto, they’ll avoid a lot of mistakes. Celebrities like BurnaBoy have a strong voice. Instead of creating fear, they should try to guide their fans with facts.
Post was edited
 1 month ago (view)
Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Topic OP
How Dollar Cost Averaging (DCA) Fit Help You Handle Bitcoin Volatility
by
Dulen007
on 27/07/2025, 17:07:15 UTC
⭐ Merited by CryptopreneurBrainboss (1)
I dey do my normal research  before I come across this method wey dem dey call  Dollar Cost Averaging (DCA), and I feel say e go really help beginners like me wey dey fear Bitcoin price wahala.

Wetin be DCA?
DCA just mean say you go dey buy small small Bitcoin steady  like every week or month no matter how the price be. E no concern you if price go up or down, you go just dey buy your small piece dey go.

Example:
Instead make you wait to buy ₦100k Bitcoin once, you fit dey buy ₦10k every week. After some time, your average price go balance, and you go dey less worried about big dips.

Why I feel say DCA make sense:

1.E go help you avoid panic buying/selling

2.You no go dey guess market tops and bottoms

3. E go train you to dey save and invest small small

4.You no go lose everything at once if market drop

This one really dea good for people wey dey earn salary or get steady income. Even if price drop, you dey still buy am cheap and balance everything later.


References:
[1] What is Dollar-Cost Averaging? – Investopedia  
Post
Topic
Board Beginners & Help
Re: Fractional Bitcoin question from newby
by
Dulen007
on 27/07/2025, 16:32:06 UTC
Quote from: Stalker22 on Today at 03:11:20 PM
Bitcoin is represented as a digital ledger. It does not "split" like you are thinking. It is divisible. One Bitcoin can be divided into 100 million smaller pieces called satoshis. Therefore, if I had 1BTC and sent someone half of it, I am sending them 50 million satoshis. Ultimately, it is still just digits on a digital ledger. There is nothing physical about it, so there is neither "splitting" nor "joining".



That makes sense, thanks for clearing that up! So basically, instead of thinking of it like breaking a coin in half, it's more like just moving numbers around on a digital record.

But when you make multiple small transactions over time, does that clutter your wallet with too many inputs, or does it affect the transaction fees later on? Just trying to understand how it all adds up in the background.

Post
Topic
Board Economics
Re: Can Your Name Become an Economy? Why Building Your Own Personal Brand Matters
by
Dulen007
on 27/07/2025, 15:58:19 UTC
These days, a personal brand can be more powerful than a big company. People don’t just buy products they buy trust. If a celebrity or creator is known and trusted, their followers will support whatever they do, sometimes without question.

What’s interesting is that this isn’t limited to celebrities anymore. With social media, anyone can build their own “mini-economy” around their name, skills, or passion. You don’t need millions of followers  just a loyal few who believe in what you do.

But like you said, there’s a big risk too. One mistake, one bad decision, and everything can crash. Reputation now feels like digital currency  it’s earned slowly but can be lost in seconds.