On November 15th, 2018 a scheduled update of the Bitcoin Cash(BCH) network (a “hard fork”) will take place. The upgrade will result in a divergence between the underlying consensus rules (“ruleset”) in the software governing Bitcoin Cash nodes. This divergence will result in creation of a new coin named Bitcoin SV within the same BCH network.

Example: If you have 1 BCH in your wallet before the hardfork, then after the hardfork, you will get 1 Bitcoin SV in any supporting wallet and your 1 BCH will also remain as it is.

This has been the reason behind the recent spike in BCH price as investors who wish profit on both coin are buying BCH in other to receive the 1:1 of the new Bitcoin SV coin in other to sell after the fork.

Although there have been previous forks of Bitcoin, but an event like the one poised to occur on November 15th is somewhat phenomenal. It is nearly impossible to predict precisely what the outcome will be or how long any instability will last.
The safest behavior during this time is simply to hold your BCH funds in any wallet for which you control the private keys (e.g Coinomi, Ledger or Exodus) or an exchange that will support the fork (e.g Binance).
It is also advisible to not move funds immediately after the fork, it will be safe to move when there is clarity and stability in the network.

Source: https://www.btcnaira.com.ng/2018/11/what-you-need-to-know-about-november-15-bitcoin-cash-fork.html

A vulnerability was found in the Electrum wallet software which potentially allows random websites to steal your wallet via JavaScript. The bug presumably also affects altcoin derivatives of Electrum such as Electron Cash. If you don't use Electrum or a derivative, then you are not affected and you can ignore this.

Action steps:

1. If you are running Electrum, shut it down right this second.
2. Upgrade to 3.0.4 (making sure to verify the PGP signature).
3. You might want to send out all BTC at this point from old wallet and create new wallet in the new version.

You don't necessarily need to rush to upgrade. In fact, in cases like this it can be prudent to wait a while just to make sure that everything is settled. The important thing is to not use the old versions. If you have an old version sitting somewhere not being used, then it is harmless as long as you do not forget to upgrade it before using it again later.

If at any point in the past you:

- Had Electrum open with no wallet passphrase set; and,
- Had a webpage open

Then it is possible that your wallet is already compromised. (Though probably if someone has your wallet, then they already would've stolen all of the BTC in it...)

Electrum will presumably post more detailed info and instructions in the near future.

Source: BTCNaira

gleamy:
WHO IS MOTHER OR MADAM GAGU.. I've been hearing about her recently.. please help me. I can't find it on Google...

Madam Gagu was some sought of wicked witch in Binta and Friends episode back in the days.
Most of the people who might know about that should be in their late 20s or early 30s now.

UPDATE
Segwit2x has been called off some few hours ago due to lack of consensus.
More details can be found on the BTCNaira website.

You can sell off your coin at this time until there is an update.

We are always available to serve your need. Rates are realtime. See website in our signature.

On approximately November 16 (Block 494784), Bitcoin will split into two chains: Segwit1x and Segwit2x. Because these chains share the same proof-of-work function (PoW) and neither change the difficulty adjustment algorithm (DAA), it is unlikely that both will survive simultaneously.
A complicating factor is the existence of Bitcoin Cash, a fork of Bitcoin which shares the same PoW but has in addition an improved DAA that ensures it can adjust downward in difficulty rapidly as needed in the event of miner evacuation, keeping its block interval at approximately 10 minutes on average. Bitcoin Cash cannot die, but Segwit1x and Segwit2x can both die.
These are the possible scenarios that may unfold starting November 16:

SCENARIO 1: THE FLIPPENING
Bitcoin Cash becomes the dominant chain measured by total PoW, Segwit1x survives with an "emergency hard fork" to a new PoW function or DAA, and Segwit2x dies.
This scenario is widely ignored or ridiculed in the Bitcoin community which is why the current price of Bitcoin is more than ten times the price of Bitcoin Cash. However, this scenario is actually the most likely due to the spectacular gains to be made by miners, speculators and businesses who game this scenario. Anyone who is in a position to cause the flippening can increase their money 10-fold in a month, followed by far higher long-term gains due to the ability of Bitcoin Cash to scale to a global audience.
If this scenario plays out, it will probably happen as follows:
Whales will buy Bitcoin Cash cheap and sell Bitcoin at its all-time highs in preparation for the flippening. Then by leveraging huge amounts of capital, whales will push the price of Bitcoin Cash up and the price of Bitcoin down at approximately the same time as the split between Segwit1x and Segwit2x.
Miners will now be incentivized to switch from Segwit1x/Segwit2x to Bitcoin Cash due to improved profitability, while Segwit1x and Segwit2x both struggle on suddenly far lower mining power. Miners themselves may also be whales and will deliberately cause the incentives to shift for their own double gain.
Segwit2x dies to due no ability to change the PoW or DAA (since that's not a part of the New York Agreement (NYA)).
Segwit1x changes its PoW and survives as an altcoin branded as "Bitcoin". Many in the Segwit1x community are already comfortable with this possibility, and more certainly will be if all of their value is threatened with destruction otherwise.
Over some period of time, Bitcoin Cash achieves status as the longest chain as measured by total PoW and some exchanges and businesses now regard it as being "Bitcoin".

SCENARIO 2: SEGWIT2X WINS
Segwit2x becomes the dominant chain measured by total PoW, Segwit1x changes its PoW, and Bitcoin Cash survives.
This is the second most likely scenario due to the fact that a vast majority of miners and a majority of businesses have committed to Segwit2x as part of the NYA. However, this scenario is strictly less likely than the above due to the lesser gains to be made. No one can multiply their value by 10-fold in a short period of time in this scenario. And the long-term future is likely to continue to have infighting, high fees, and loss of market share to altcoins - it's better for business if Bitcoin Cash wins.
Note that, even if Segwit1x has a higher price on exchanges at the time of the fork, that does not help Segwit1x much if miners stick to their agreement and continue to mine Segwit2x. See Vinny Lingham's theory about how the minority chain cannot have a higher value.
In this scenario, similar to the above, it is most likely Segwit1x will change its PoW and become an altcoin in order to ensure its chain survives.

SCENARIO 3: SEGWIT1X WINS
Segwit1x becomes the dominant chain measured by total PoW, Segwit2x dies, and Bitcoin Cash survives.
If the movement from the Segwit1x community is successful, Segwit2x will be prevented from occurring due to the community uprising. This scenario is less likely than the above two scenarios due to the lack of commitment from miners to mine the Segwit1x chain. Segwit1x will probably not survive on ~10% of mining power due to excessively long block times for several months. Trolling on social media is not a substitute for mining power.
In this scenario, Segwit2x completely dies as no parties in the NYA agreed to change the PoW function or DAA in order to allow it to survive.
This scenario can be encouraged by whales. If whales specifically desire to make Segwit1x the dominant chain, they can buy Segwit1x. If they are able to sustain a high price of Segwit1x due to a flood of capital that lasts beyond any insecurity, the miners are incentivized to switch back over from Segwit2x. However, this requires vastly more capital than the scenario in which Bitcoin Cash wins because the market cap of Bitcoin is more than 10 times that of Bitcoin Cash. Rational whales who actually want Bitcoin to succeed would prefer the Bitcoin Cash scenario.

OTHER NEAR-TERM SCENARIOS
There are other scenarios that are logically possible, such as the co-existence of Segwit1x and Segwit2x with no further hard forks, but they are unlikely. We believe one of the above three scenarios will almost certainly be the scenario that plays out in November.

LONG-TERM SCENARIOS
Note that if Bitcoin Cash does not achieve majority mining power and total accumulated PoW, the situation will continue to be unstable past the November 16 fork. Over the long-term, Bitcoin Cash can both achieve a larger user-base than Segwit1x/Segwit2x and, because it has a better DAA, it can't die, and will therefore continue to be a thorn in the side of Bitcoin until it ultimately acquires majority mining support and becomes labeled "Bitcoin".
However, things could easily change long-term to affect these probabilities. For instance, if Bitcoin changes its DAA to be similar to Bitcoin Cash, then Bitcoin Cash's advantage will go away and the mining dominance of Bitcoin will continue.

Buying Bitcoin(BTC) or Bitcoin Cash(BCH)
To buy Bitcoin or Bitcoin Cash, Visit https://www.btcnaira.com.ng/p/buy-sell.html

Source: BTCNaira

You will have to visit your Bank to update your information.

You can still make free money.
Buy BTC NOW!!! before the official fork which will happen in the next 10hours.

We all already saw the way it played out on the internal exchange based fork earlier.

See our previous post

andreweb:
when ever i read some specific post on NL i just start wondering about many things

Kindly explain more so we can advice

To all who stacked up enough BTC and customers who received our update earlier on where to doubled their Bitcoin quickly for profit, we are glad to stat that BTG is currently trading at $850 as the pump has began on the platform.

If you are a Forex trader, we advise you place a SELL order on BTC/USD pair.

Enjoy the free money.

lakesidepapa: Any other good thing... are u trader? Pls drop ur whatsapp number

We currently do not have a WhatsApp Channel at this time.
You can always check our website http://www.btcnaira.com.ng or download our app for more information or buy and sell cryptocurrencies.

[img]https://3.bp..com/-Qzsu0tryoZs/Wd-rgdZivMI/AAAAAAAABBo/MegIKbE6dyc9LTO2cNTP3GoaFGOHg6twgCLcBGAs/s400/bitcoingold.jpg[/img]
It has been only 9 weeks since the Bitcoin Cash hard fork, and we are again discussing another Bitcoin hard fork.
For those of you who don’t know about the previous Bitcoin hard forks and its challenges, read our earlier guides here.

And for those of you who aren’t aware of the upcoming Bitcoin hard fork, pay attention.
In this article, We intend to cover everything you need to know about the upcoming Bitcoin hard fork and how to prepare and benefit from it by doubling your coin holdings and getting free Bitcoin Gold.

Some of you may think this is a good thing as your value will also double!

Note: Doubling of coins does not mean doubling of value, because after a hard fork, the value of both versions of coins are determined based on user sentiments and demand/supply in the market.

So keeping that point in mind, let’s get started…


WHAT IS BITCOIN GOLD (BTG)
Bitcoin Gold is a new, would be cryptocurrency denoted, as of now, as BTG or “Bgold”. It will be a fork of the original Bitcoin that Satoshi Nakamoto invented in 2008.

Who Is Doing This Fork And When Is It Happening?
The Bitcoin Gold project is being driven by some developers, miners, and their head Jack Liao, the CEO of the Hong Kong-based mining equipment manufacturing company, LightningAsic.
Bitcoin Gold’s lead developer is someone anonymous by the name of h4x3rotab and he/she claims that:

Bitcoin Gold is also a real blockchain to pilot Bitcoin upgrades.

As per their official website, the exact time is not yet known for this fork.
But the official date for the fork is mentioned as 25th October 2017

Why Is It Happening?
This is a community-driven hard fork without any consensus voting. It is primarily being driven by a few who believe that the original Bitcoin mining system has become centralized and is monopolized by a handful of mining companies.
They believe this because of ASIC miners which provide a very strong entry barrier for an average user or miner like you and me.
And now, these hard fork supporters want to change that and make the process more decentralized.

How Do BTG Supporters Want To Change This Centralization Problem?
BTG (i.e. Bitcoin Gold) advocates have decided to solve this problem by forking Bitcoin on 25th October by changing its original protocol.
Specifically, to combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called Equihash.
This will make ASIC miners irrelevant for mining Bitcoin Gold because, with the implementation of Equihash, Bitcoin Gold will be mineable simply by using cheap GPUs.
Note: Currently, Bitcoin uses the SHA-256 mining algorithm (read about SHA-256).

Features of Bitcoin Gold (BTG)
Bitcoin Gold doesn’t bring many features with it, but…
BTG will be based on Equihash so it will be GPU minable.
BTG will have inbuilt replay protection because it is a direct fork of BTC.
BTG will have a variable difficulty that will change per block. (Good thing for GPU miners.)
And looks like BTG will have a pool of pre-mined coins for 16,000 blocks.
Apart from these, there will be no changes like block size adjustment.

And BTG will be following the suit of the original BTC core developers for the future betterment of their coin because they believe that’s the secure way.


HOW TO GET FREE BTG
After the BTG fork, you need not do much, but you need to be updated and agile about this subject.
If you want access to your BTG coins, you need to take some preliminary steps before 25th of October:
1. You should buy as much BTC you can afford before 24th of October and quickly sell them back after the fork. (You can buy or sell at BTCNaira HERE)
2. Avoid transactions for some days until the dust settles to avoid replay attacks
3. You should have your private keys, DO NOT keep your Bitcoin with any third party exchange like Coinbase or Luno during this period.
4. Use hardware wallets like the Ledger Nano S and Trezor. Last time, during the Bitcoin Cash fork, these two hardware wallets were the first to support the forked coin.
5. If you don’t have a hardware wallet, use software wallets like bitWallet(iOS), AirBitz, Coinomi, and Exodus to control your private keys.
6. If you hold your keys in a software wallet, wait for instructions on how to access your BTG coins.
We will try and post instructions on how to access your Bitcoin Gold as event unfolds.

Source: http://www.btcnaira.com.ng/2017/10/bitcoin-gold-fork-coming-how-to-double.html

Remove your Date of Birth and Account number from the pictures you uploaded.

bvc:
I just tried to buy something of little weight from konga and jumia, and I got really good charges. Konga charged about N750 and jumia charged about N1500 to deliver to me at home in port Harcourt.

I contacted ace and courier plus but their rates were from N3000 up, from Lagos to my location in port Harcourt.

My question is, how does it get really low with konga especially? Please anyone with reliable answer let me know. Thanks

They both own their Delivery services.
You can also use same.
See https://www.kos.ng/calculator for konga courier service calculator.

Hi guys,
We are now offering a realtime Buy/Sell service where you can buy and sell Bitcoin, Ethereum and Bitcoin Cash without the need of registration.
On demand, we also buy and sell NEO, Monero and Alt coins at competitive rate.

See link in Signature.

STEPS TO Exchange Bitcoin for Ethereum ON BTCNaira.

1. Visit http://www.btcnaira.com.ng

2. Click on the “Exchange BTC/ETH Instantly” button

3. Follow the prompt to enter how much you wish to buy and click on the Exchange button.

4. Enter the ETH Address you wish to receive your funds at and email address under the Recipient Info and click on the Proceed button.
To create an ETH Address visit https://www.myetherwallet.com

5. A Bitcoin address will be generated for you to pay into. Once payment is sent and few confirmations, your ETH will be deposited to your ETH Address.

It's that simple!

We appreciate all comments so far.

We sure have great plans set out and hopefully we could get as many support as possible.
Nonetheless, we are always open to support digital asset adoption in this part of the world and would always work towards that as we've been doing.

Hello Nigerians,
We have gotten some request on how to purchase digital assets like Bitcoin, Ethereum and other Altcoins in Nigeria. So we are planning on making it simple and would like to inquire as to whether you will crowdfund a project like this.

We are looking at a situation whereby we develop a Nigerian owned exchange platform for Nigerians to trade both Bitcoin, Ethereum and perhaps different digital assets.

This project will be crowdfunded by as many of you who are interested and the project would be carried out by our Tech partners.


DEVELOPMENT STAGES:

-Alpha Version will be built within 2 months.
Few Investors will be invited to test the Alpha version and submit bugs observed.

-On the off chance that all goes well, BETA would follow within duration up to 2months or less.
All investors will then be welcome to test the version.
After a week of test with all things right, v1.0 will be launched to production.




While this may sound incredible, just your enthusiasm to contribute can breath life into it.


INVESTMENT SIZE:

Minimum Investment to lock-in acceptance by investors is 5 BTC (Around N7,000,000)
Maximum Investment to close in-take of investors is 20 BTC (Around N30,000,000)


WHAT YOU GET AS AN INVESTOR:

1. Fee-Free Trades for duration agreed by investors.
2. Of all fees paid to the service by non-investors, 30% will go towards further development of the Platform, 10% will go towards the team, while 60% will be distributed between Investors based on their stake percentage upto 10years.


STAKE ACQUISITION and DISTRIBUTION:

WAVE PLATFORM will be utilized to create a token named NLEX Token that would be directly equivalent to the Naira at start. i.e 30,000,000 of NLEX token will issued.
1BTC = 1,500,000 NLEX
10,000 NLEX = 0.0066 BTC

The token value would increase as the company makes profit.
Investors can always sell off their stake to buyers on the Wave Platform whenever they feel.

If this sounds good to you, comment below to show your interest and a Slack Channel and Telegram Channel would be created for this purpose