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Re: How cryptocurrency is changing banks and traditional finance.
1, the existence of cryptocurrency has brought a new kind of competition, as people start using cryptocurrency our traditional banking system start feeling pressure. Banks are now been force by the existence of cryptocurrency to think of improving their services to keep up with the fast pace of digital currency. It is so funny that some bands are now exploring Blockchain technology just to their quicker and secure than before. to tell you guys how competitive things are banks, they are offering their own digital currency to their customers. And one thing I like about this competition is that it's pushing our traditional banking system to innovation and improvement.
Bros, there are several banks in Nigeria that have Blockchain technology.. such banks includes; First Bank, United Bank for Africa, and Zenith Bank, have adopted blockchain networks.
Reference : https://businessday.ng/technology/article/why-banks-fintechs-are-betting-on-blockchain-technology/
From what I understand about Bitcoin, people that hear about the coin and try to learn about it, I am sure, will be interested to invest in Bitcoin. But some people usually said we should not force people to invest in Bitcoin, because I am sure that anyone that you explain about Bitcoin to will definitely have interest to invest because of the rating among other cryptos and the benefits. The only thing that can stop someone from investing is capital. since I started investing in Bitcoin and I got some knowledge about it, anyone that asks me they needs investment projects. I usually tell him to learn about Bitcoin and do some research about it, and their feedback is they are ready to take the risk. But I don't know why some are saying we should not force people to invest. I have not come across anyone that I explain Bitcoin to that will say he doesn't have interest to invest.
In my opinion, I don't think they can force someone to invest in bitcoin or any other business, you should know that they have the interest to invest already. when you explain to them they will try to complain so that you can explain better for them, and when the market is bad, they can put the complaint on you, or probably you can give them some funds to recover. If you see they force someone to do something, they show him what will destroy his life, and he will obey and do the needful to protect himself, but with bitcoin, business, or trading, they can't force anyone to do it.
Normally bitcoin is volatile, and people think that anyone that they bring into the system to start investments, if the market is bad, they will be worried because they introduced new people to invest in bitcoin, and they think they won't trust them anymore. And when they complained, you thought you forced them to invest. That is not a force, it is a lack of patience. Anyone that is willing to invest in Bitcoin and understand everything will have the patience to invest in Bitcoin for the long term without making unnecessary explanations so that they can probably achieve their goals.
In my opinion, I don't think they can force someone to invest in bitcoin or any other business, you should know that they have the interest to invest already. when you explain to them they will try to complain so that you can explain better for them, and when the market is bad, they can put the complaint on you, or probably you can give them some funds to recover. If you see they force someone to do something, they show him what will destroy his life, and he will obey and do the needful to protect himself, but with bitcoin, business, or trading, they can't force anyone to do it.
Normally bitcoin is volatile, and people think that anyone that they bring into the system to start investments, if the market is bad, they will be worried because they introduced new people to invest in bitcoin, and they think they won't trust them anymore. And when they complained, you thought you forced them to invest. That is not a force, it is a lack of patience. Anyone that is willing to invest in Bitcoin and understand everything will have the patience to invest in Bitcoin for the long term without making unnecessary explanations so that they can probably achieve their goals.
This is true. You can't force someone to invest in something that he/ she has no interest in it. However, some people investing products without even knowing the product itself due to insights from brokers, financial analyst and information about it based on TREND, TIME AND RETURN OF REVENUE. Most investors will leave the details for their brokers or economist to handle and bring the money. It is mainly SMALL OR RETAIL ENTREPRENEURs will Only look for details and seek to get manual consultation from websites, individuals, forums, blogs e.t.c before placing the investment.
So how e be for you, using bitcoin or cryptocurrency to gamble and trade, as source of alternative income, as a Nigerian bitcointalk member?
From my point of view, Trading and gambling are the most risky. the decision to invest in trading and gambling in the hope of getting quick profits cannot be a good one at all. It should be understood that trading and gambling are not a get-rich-quick scheme. It is better to take time and make an investment plan before investing in Bitcoin. To expect something good from Bitcoin, a long-term investment plan can bring success. along with the right knowledge, a long-term investment plan can reduce risk. we have to keep in mind that we start investing with the money we can lose. Along with long-term investment, if we are patient for the right time, we can expect something good from Bitcoin.
Bros, if you understand trading, you eyes go clear pass touch light. Even to swap from one crypto to another then swap back is more profitable than what you think and sometimes this happens monthly on various cryptocurrency. So don't discourage people on Trading. Perhaps you've lost money in the forex market but that's not the only market.
Re: The perfect identify for a Nigerian whose major source of income is Bitcointalk
That is why It’s idea to have multiple source of income , I can’t imagine myself telling a law enforcement personnel that my major source of income is from Bitcointalk, because they will just assume that I am scammer , since they assume anything related to bitcoins is fraud, they will either jail you or extort money from you , those people can be inhumane, in as much as we want everyone to know that Bitcoin has come to stay, there are different ways to do that , one can have a close discussion with people who understand , I can’t even tell a police personnel that I earn money in Bitcointalk not that is bad but with the way the country is your safety first , so it is better one have a side hustle that you can use to cover up when asked what you do for a living , because it’s not even everyone that is supposed to know exactly where your good source of income generate from , some things are better of on said .
Nigeria Don change o... Police no go ask you for Naira now without either a source or evidence. Anyway, is it possible to earn an income with this forum? This is a forum for information and not really trade.
Thank you for sharing this information. . .
I still have the opinion that faucetpay ad network is legit. The last time I contacted their customer support, they clearly told me that the program is a BETA STAGE. It is still growing and improvement will be done gradually.
So I advise other users to remain calm and fear not. Their investments is in safe hands. . .
It is called ESTIMATED EARNINGS. Obviously, it would be different from what you will ACTUALLY EARN. I think it is based on traffic source and fluctuation in your traffic which is not guaranteed. Stop misleading people please.
Yeah, but that's not what I am referring to. There is available balance that says for example $0.68, then the next day is says $0.0000000 without withdrawing anything
Just noticed over $30 USDT in my earnings available to withdraw. I did not know about this before, needs to be more apparent like on the main page.
I was able to withdraw successfully.
I still have the opinion that faucetpay ad network is legit. The last time I contacted their customer support, they clearly told me that the program is a BETA STAGE. It is still growing and improvement will be done gradually.
So I advise other users to remain calm and fear not. Their investments is in safe hands. . .
I noticed the same thing, my estimated earnings were around $1/day but never actually get any USDT payments.
It is called ESTIMATED EARNINGS. Obviously, it would be different from what you will ACTUALLY EARN. I think it is based on traffic source and fluctuation in your traffic which is not guaranteed. Stop misleading people please.
Yeah, but that's not what I am referring to. There is available balance that says for example $0.68, then the next day is says $0.0000000 without withdrawing anything
Just noticed over $30 USDT in my earnings available to withdraw. I did not know about this before, needs to be more apparent like on the main page.
I was able to withdraw successfully.
I noticed the same thing, my estimated earnings were around $1/day but never actually get any USDT payments.
It is called ESTIMATED EARNINGS. Obviously, it would be different from what you will ACTUALLY EARN. I think it is based on traffic source and fluctuation in your traffic which is not guaranteed. Stop misleading people please.
Yeah, but that's not what I am referring to. There is available balance that says for example $0.68, then the next day is says $0.0000000 without withdrawing anything
Honestly, I have not gotten any issue like that before. May I recommend withdrawing daily to your account? From what I observe there, the rewards are based on percentage of advertising shares which are complied periodically to the publisher. Could you contact support and get an explanation there???
I noticed the same thing, my estimated earnings were around $1/day but never actually get any USDT payments.
It is called ESTIMATE EARNINGS. Obviously, it would be different from what you will ACTUALLY EARN. I think it is based on traffic source and fluctuation in your traffic which is not guaranteed. Stop misleading people please.
I think there is some kind of mistake here. I strongly suggest you please contact support before making this strong accusations. I used their support contact form yesterday and a ticket was IMMEDIATELY CREATED for me. I am yet to receive a response from them. But it is less than 12 hours since I created the ticket... Are you sure they scammed you?
Re: FreeBitco.in-$200 FreeBTC🏎Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
Hi freebitcoin no work 
yes, some troubles occur from time to time.
What is going on? It's been 2 days now and it's not working. I hope they resume on time
Re: If I have 1BTC So how did I use to invest in different Coins
My opinion is buy and hold 50% of your capital outright bitcoin then buy any top altcoins with other money. bitcoin will give you big profit share anytime and better profit than altcoins if bullish market comes next. In my opinion it is absolutely stupid to buy new altcoins to take risks that will increase the amount of losses. In fact if you want to invest in crypto you have to stick to buying and selling in the crypto market.
That's true. I would advise you to use easy savings on crypto exchange and multiply your assets on Bitcoin. There are many which gives double digits compound flexible interest rates for Bitcoin in this present Bitcoin bullish market.
Yeah I do follow singals and i think singals could be an additional helping tools that would help you during investigation the market. Besides singals also saves lots of time too. And in my opinion it won't be bad to follow signal until you completely depends on it. Cause not all singals will proves profitable for you and it isn't wise decision for a trader to completely depend on other skill and others singals rather than developing yourself. Thus a person can differ how to use singals and which singal will be more better to go with
From my own way of trading I only follow a signal that aligned with my own trading strategy which would give me more confidence to pull the trigger I think it would be of great help if a trader who wanted to rely on trading signal to have an in-depth knowledge of trading atleast that would help to avoid trading blindly and if a signal is provided that would also help the trader to filter most of those signals, I believe any venture that involves capital needed to be given much attention to it so as to avoid losing all the funds that is where or why many traders fail in trading and consequently lose their fundsI agree with you. It is better to use a signal that follows your trading strategy than to enter a trade based on the signal alone. Trading can be complicated sometimes. Signals simplifies it.
- fastestFee: 13 sat/vB
- halfHourFee: 13 sat/vB
- hourFee: 13 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
1sat/byte minimum fee is too low. I have a feeling that some miners want individuals to make more transactions now.
Wow! Thank you. How do you create a hex transaction from TX id?
luckily because blockchain.com still retained the tx in its mempool
i used the txid on this url
https://blockchain.info/rawtx/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9?format=hex
with the ?format=hex so it shows the hex instead of json
then copied the hex(rawtx) to different sites like
https://live.blockcypher.com/btc/pushtx/
to rebroadcast it
oh look, it confirmed 3 blocks ago(time of this post minis 3 blocks of time).. seemed like it just needed a good push at the right time
you are welcome
but yea would have been easier for you to rebroadcast or try again from your own wallet if no other network node had it..
Thank you. I appreciate it. I got the funds now. I will use this method if this happens next time. I've learnt my lesson. I won't use low fees anymore. Either I wait for network congestion on Bitcoin transaction to reduce or use the recommended high fees.
Thank you all!
This is the transaction on block chain.com explorer
https://www.blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
It shows unconfirmed transaction.
And the fees were high on the day I sent the coins. If I had waited till today, I would have probably paid lower fees for higher bytes.
https://www.blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
It shows unconfirmed transaction.
And the fees were high on the day I sent the coins. If I had waited till today, I would have probably paid lower fees for higher bytes.
your fee's were not high in comparison to others. you did not pay priority
also looking at when it suggests it was "first seen" by blockchain.com ( a month ago)
id presume your TX got purged/dropped.. by most nodes mempools
(purge is removal for being part of the low paying cluster that takes up more room then nodes mempools wants to keep)
(dropped is when its been too long, usual default is 2 weeks)
try to broadcast it again. as different mempools may have purged or dropped your tx from their nodes and mining pools just dont see your transaction
EDIT
i just pushed it again for you 5 minutes ago when writing this message
if you need the HEX of raw tx of your tx to push
Code:
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
i just checked a explorer that didnt find your tx 10 minutes ago but now sees it
https://live.blockcypher.com/btc/tx/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9/
mempool.space now sees it
https://mempool.space/tx/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
you are welcome
Wow! Thank you. How do you create a hex transaction from TX id?
I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!
My question is : can you synchronise mempool.space to the blockchain.com Explorer?
My question is : can you synchronise mempool.space to the blockchain.com Explorer?
Why do I have the feeling that you think this is the official thread of mempool.space and that you expect some explanations and acceptance of suggestions from the official representatives of mempool.space.
Certainly not. This is just a discussion thread about the mempool.space service opened by ordinary members of this forum. Apart from some explanations, don't have too high expectations
Oh!!! Thank you for the correction. I understand now.
I just needed help.
I don't understand your question.
Blockchain.com and mempool.space show the same data. They are both block explorers with different front end
No they don't share the same data.
This is the transaction on block chain.com explorer
https://www.blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
It shows unconfirmed transaction.
This is the same transaction on mempool.space
https://mempool.space/tx/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
Here it says
Transaction not found.
Waiting for it to appear in the mempool...
And the fees were high on the day I sent the coins. If I had waited till today, I would have probably paid lower fees for higher bytes.
I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!
My question is : can you synchronise mempool.space to the blockchain.com Explorer?
My question is : can you synchronise mempool.space to the blockchain.com Explorer?
Why do I have the feeling that you think this is the official thread of mempool.space and that you expect some explanations and acceptance of suggestions from the official representatives of mempool.space.
Certainly not. This is just a discussion thread about the mempool.space service opened by ordinary members of this forum. Apart from some explanations, don't have too high expectations
Oh!!! Thank you for the correction. I understand now.
I just needed help.
Ok.
Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT. Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly
Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT. Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly
there is no centralised mempool that mining pools use
each fullnode sets its own default mempool limit. some purge more the 300mb some less, some more
mempool.space's node has a lower storage amount
this does not mean that your transaction is forgot by the entire network. just not seen by one websites node
dont be upset that one website doesnt see your transaction.. mempool.space is not a network feature mining pools grab transactions from.. its jsut a website of a name of something but does not signify by namesake that its what the network uses as anything central to te network
for instance blockchain.com is not the central storage of the network blockchain. its just a website with a name. the name does not mean its the central repository of everyones blockdata people grab data from.. its just once instance showing its own nodes display..
by seeing that mining pools do randomly select (lottery) cheaper transactions proves that mining pools do see cheaper transactions IN THEIR mempools of THEIR nodes. but you are just part of the lottery of the ~120 of 17k tx basket of your fee range yet to be selected at random..
From this above statement, then I can boldly say that mempool.space is NOT PROBABLY FAIR.
Note the minimum fee here is 9sat/byte
that does not mean that blocks are grabbing all transactions 9sat up
it means SOME mining pools are selectively (pot luck lottery style) adding a couple random transactions outside the "highest fee first" policy just to seem reasonable.. the 9sat/b does not mean your 16sat/b has priority over say the 20sat/b ones nor means that your 16sat/b should come before the pot luck lottery of cheap fees outside the fastest first policy
you just have to be patient
yes its annoying, yes bitcoin is made using code. yes code can codify rules of acceptance to be more fair, yes transactions can be analysed into a formulae where coin-age and "first seen" can produce a priority order... but many people that want bitcoin to be annoying to promote offchain systems as solutions to the annoyances, dont want the annoyances fixed
using
https://jochen-hoenicke.de/queue/#BTC,2h,count
there is about 17,000 transactions waiting paying 14-17sat/b
so you are in a waiting list with 17k other transactions of about your fee rate
looking at latest block(fee range chart, highlighting transaction in the 15-16sat/b basket range)
https://www.blockchain.com/explorer/blocks/btc/829631
out of 1038 transactions in that block that miningpool only randomly selected 118 transactions from the basket of transactions 15-16sat/b
meaning only ~9% of a block selector chooses the lottery of your range. but your range has 17k other competitors
so math suggest if only ~120tx of your range are selected per block you have a 120 of 17k chance of being in next block(0.7%)
Ok.
Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT. Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly
- fastestFee: 22 sat/vB
- halfHourFee: 22 sat/vB
- hourFee: 22 sat/vB
- economyFee: 18 sat/vB
- minimumFee: 9 sat/vB
Note the minimum fee here is 9sat/byte