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Showing 15 of 15 results by Old layer
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Topic
Board Bitcoin Discussion
Re: Bitcoin class with my students.
by
Old layer
on 17/02/2023, 05:36:48 UTC
Yea that's a smart move, telling them about Bitcoin.I think it will be a great idea, if Bitcoin and other crypto trading is taught as an extra curriculum activities in school. It would make lots of sense for those student who would be going into trading in the nearest future. Informing them at a young age will help them broaden their idea on the cryptocurrency market, and at an older age trading won't be a problem for them cause they already learnt the foundation parts back in school.
They should also not engage in it for now because they wont be able to bear the risk all by them selfs. it will distract them from their studies and they may end up having low grades
Post
Topic
Board Bitcoin Discussion
Made some research, found out some benefits of Bitcoin
by
Old layer
on 17/02/2023, 05:26:15 UTC
Bitcoin is the best online virtual cryptocurrency (thin air currency""donald trump""")) but it has some benefits which interests people to involve in bitcoin.


 ###User Autonomy. The primary draw of bitcoin for many users, and indeed one of the central tenets of cryptocurrencies more generally, is autonomy.

 
###Discretion.


 ###Peer-to-Peer focus


 ###Mobile Payments: we can easily pay payments through mobile within seconds or minutes.

 
###Accessibility: all classes of investors, traders, holders are accessible in bitcoin.


### Safe (Not Easy to Hack)
Bitcoin is protected by complex cryptographic passwords to keep it safe and is issued through the mining process, miners who use sophisticated computers to solve complex mathematical problems. This method is called Proof of Works and is a solution to the bitcoin network


 ###Elimination of Banking Fees: bitcoin reduces more banking transactions fees and increase speed of transactions.

 ###Very Low Transaction Fees for International Payments.
The fee for Bitcoin is very high, so we do not make transfers in Bitcoin.  There are more advantageous options in the crypto world that work with banks.  Bitcoin is just a good investment for me right now.

What do you all think about this, am I right or wrong?

Post
Topic
Board Bitcoin Discussion
Re: Impact of altcoins on Bitcoin's early growth and adoption?
by
Old layer
on 17/02/2023, 01:53:33 UTC
Yes it is true that Altcoins serving as an alternative to btc and the creation of altcoins brought about positive results in the crypto market. although not all altcoins can act as a replacement for btc. Some are not stable or reliable.
 Several altcoins have copied Bitcoin hard cap including folks of Bitcoin itself. However, only Bitcoin’s hard cap is reliable for some reasons. In the recent times,Bitcoin have truly claimed to be separated from all other coins.altcoins or any currency for that matter which is in unity, cannot reliably establish a hard cap as the authority in charge can simply revoke that hard cap at any point. Alt
Post
Topic
Board Bitcoin Discussion
Re: Advantage of holding Bitcoin in time of crisis
by
Old layer
on 17/02/2023, 01:20:18 UTC
I really don't think That bit coin can help in all situation or crises, let's take for instance in a country where war and other conflict is currently going on do you really think that people will care more about their Bitcoins over their lives? I don't think so . In times like this, purchasing of items like food, water, and shelter won't really depend more on Bitcoin transactions. During such crisis, in a civilized country the government of such country's will see to it that it's people are well treated and provided for. They will have nothing to think of more or less Bitcoins. Although on the positive side, such held Bitcoins can come in handy after crisis, it can be a fresh start for those who lost everything. It can act as a purchasing power, a new beginning
Post
Topic
Board Politics & Society
Re: Do you believe racism has come to stay!! ?
by
Old layer
on 16/02/2023, 14:07:10 UTC
Racism can be backed a long time ago, from the colonial era's. It has been a thing among humans to be racist against some sets of people. We have heard of many cases when black or Africans are treated as trash just because of their skin differences. In the ancient times, black people are treated as slaves amongst the white and their lifes had no value. Racism can result from, skin differences, religion, culture, languages, beliefs and many more.In the world today though racism has been lessened with the introduction of some human right activist and some other laws Against racism. Some countries or persons still practices racism. So I don't think racism will ever be a thing in the past. It goes on and on till the end of time.
Post
Topic
Board Bitcoin Discussion
Bitcoin(BTC) Jumps 12% Hitting A 6-Month High, Is This A Dead Cat Bounce?
by
Old layer
on 16/02/2023, 09:05:01 UTC
Bitcoin surprised traders with bearish sentiment with its today's pump. The world’s largest cryptocurrency Bitcoin (BTC) has posed a solid 12% gain in the last few hours moving closer to $25,000 and hitting a new 6-month high. As of press time, BTC is trading 11.72% up at a price of $24,702 and a market cap of $476 billion.Bitcoin is leading all other altcoins in terms of percentage gains. On-chain data provider Santiment explains that we can expect whales and trading volumes to shift from altcoins to Bitcoin. So is this a dead cat bounce?
Post
Topic
Board Project Development
Re: Electronic devices that can detect wrong wallet
by
Old layer
on 16/02/2023, 08:18:20 UTC
I don't really know what you are looking for precisely, but if you input a wrong address during transactions then the only way to retrieve coins is by contacting the receiving party and ask for their cooperations in returning the funds. On the other hand, if you don't know the owner of the address, there will be no possible actions you can take to retrieve the funds. So when sending or transferring be very cautious and always copy and paste addresses don't write it out, it can lead to errors in wallet address

Also, If you are talking about softwares that can track Bitcoin transactions, then I think just a few companies like ''chainalysis crypto tracking company'' that can do that with their block chain analysis software and some public online clues.

If you are also using a reliable wallet, then you can contact the help service for further assistance.
Post
Topic
Board Bitcoin Discussion
Re: I think it will be good to advertised bitcoin and crypto currency in out blog pa
by
Old layer
on 16/02/2023, 00:12:56 UTC
Yes on one side it really is a good idea, letting others know about Bitcoin as well as the cryptocurrency world through the social medias or blogs. On the other hand what are the possibilities that people won't see this as a means of you defrauding them. Sometimes when people see adverts or posts of crypto on socials, they tend to just ignore because to them, it's just a scam. How sure are you, that you can convince the public that you are not scamming them but trying to help. To me it's a good idea ooo but it would be a waste of your time because most people won't actually give ears to such posts.

But if it's what you wish to do then there's no problem trying. There a first time for everything. You can as well give a reasonable Description and important facts, like the prices and other related issues concerning bitcoins. Then take proper analysis on the views and replies you get from each post. So you would have an idea on what your viewers are most interested in the Bitcoin world...
Post
Topic
Board Bitcoin Discussion
Re: Know your limit
by
Old layer
on 15/02/2023, 07:26:47 UTC
A lot of persons, falls victims of fraud every time, all in the name of  Bitcoin investment. Probably got intimidated by some friends or somewhat websites that says 'pay this to get more'. You should at least be mind full of sites where you want to invest on, ask questions, make research's and try knowing more about the sites you are investing on.do not fall for all these get rich schemes. On the other hand, when you have finally found a legit site to invest, don't go to far, as much as taking loans from people just in the name of investment, I was a victim too and it wasn't good at all. I was down for a very long time, before I got back up on my feet. Yeah sure this was greed in the way that I totally forgot that I had other responsibilities to take care of and decided to put all my money into investment that never brought a return.
Post
Topic
Board Nigeria (Naija)
Re: Scarcity of new naira notes..! Them still dey collect old notes for your area??
by
Old layer
on 15/02/2023, 07:09:58 UTC
With the rate at which our country is going, I think our leaders are just forgetting the main reasons, why they are up there. The decision makers no longer make good decisions, as long as it benefits them. As at yesterday, i withdrew a small amount of money in Old notes of which I was supposed to use in the evening. As at evening, I found out that the old notes where no longer collected in the market it was so frustrating. I decided to deposit it back to my account through the same pos I withdrew from, but unfortunately she said that she won't collect old notes. I tried explaining to her that I withdrew the money from her but she refused and said that it was in the morning and there was nothing she could do for me. It was so funny and frustrating as same time. Please we should all come out and vote for good leadership ooohhhh it's this month that decides the future of Nigeria in the next 5 years.
Post
Topic
Board Bitcoin Discussion
Re: Why are you interested in bitcoin?
by
Old layer
on 15/02/2023, 06:19:04 UTC
Well it's nice having you here in the Bitcoin world. I myself also didn't know about Bitcoin until recently, when some of my friends began to benefit from it. At first I wasn't interested because in my country many people uses Bitcoin to fraud others, and so I stayed away. But recently I saw how my friends were jubilating, on how their investment on Bitcoin produce 10 times the value of what they invested and I was amazed and said to my self, I've got to try this. It has been fun though learning more and more about Bitcoins and how it works. I actually started by buying just a small amount and then left it for sometime until this years January, when it rose up spontaneously then I withdrew my profits. I was very happy just the same way my friends were back then. My advice for you is that you should try investing and see what will be the outcome, of course if you have enough patience, you will be benefiting from your investment in no time
Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Topic OP
Wallet creating new addresses.
by
Old layer
on 27/01/2023, 19:29:54 UTC
⭐ Merited by witcher_sense (2)
    I just received my first Bitcoin today, and I noticed that a new bech31 address has been added to my wallet, while the previous bech31 address is no longer visible. So here's my question.
  • What will happen to my Bitcoin if I decide to transfer some sats to the former address?
  • Is this something I should be concerned about?

The Wallet name is MYCELIUM.
Post
Topic
Board Project Development
Re: UselessShit.co - bitcoin memes, image processing and resources (bitcoin & nostr)
by
Old layer
on 03/01/2023, 07:13:15 UTC

I'm not sure if it's just me, but I can't seem to access the website; perhaps It's (website) down or my network is down. Could someone please confirm if this is only happening to me?
Post
Topic
Board Development & Technical Discussion
Re: Question about lightning network.
by
Old layer
on 01/01/2023, 18:32:44 UTC
~Snipped~

Wow now I get it. The number of intermediary node does matter only the opening and the closing transactions are broadcasted to the Blockchain even if I make up to a hundred transactions during the time the channel was still open those transactions wouldn't be broadcasted as long as long as the channel remains open.
Thanks for the explanation.

Post
Topic
Board Development & Technical Discussion
Merits 6 from 2 users
Topic OP
Question about lightning network.
by
Old layer
on 01/01/2023, 10:35:19 UTC
⭐ Merited by BlackHatCoiner (4) ,_morghulis (2)
I'm new to Bitcoin and crypto in general, and I've been doing some reading to get a better understanding of how it works. and I came across "Lightning Network" and I like it, but I have some questions about some things I'm not sure about.

Does a transaction get sent to the Blockchain when you use the Lightning Network to send payment to someone you're not directly connected to via an intermediary node? Because, according to what I've read, only the first and last transaction appear in the Blockchain, I'm not sure if those involving an intermediary node will as well.