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Investment / Re: The Scam In The Crypto World by Buzx: 10:40pm On Jun 22, 2021 |
na2016: Why don't the government ban the Naira too because it is used for scams and Ponzi schemes. Haven't Nigerians lost billions from Naira Ponzi schemes, too? The Naira is used to commit numerous atrocities. Why didn't the government ban it too? The government only banned crypto because they can't control it or trace it and they're planning to launch their own government-controlled digital currency, not because it is used for scams. 7 Likes 1 Share |
Investment / Re: The Scam In The Crypto World by Buzx: 10:34pm On Jun 22, 2021 |
kennethfranc: I was impressed until I saw Luno. 1 Like |
Investment / Re: The Scam In The Crypto World by Buzx: 10:25pm On Jun 22, 2021 |
My simple advice is, do your own research before investing in a coin. Avoid shit and dogcoins. They're are a lot of interesting projects out there you could invest in. If you invest in shit, pump and dump coins, you'll get rekt. It's been a wonderful crypto and DeFi journey for me. 28 Likes |
Jobs/Vacancies / Re: Self Employment Opportunity: Transcribing For A Living In Nigeria 2020 Part 2 by Buzx: 8:56pm On Jun 22, 2021 |
berbs: $50 a week right now, I no think say e dey possible. |
Investment / Re: Crypto Currency Investors Thread by Buzx: 8:54pm On Jun 22, 2021 |
Kelvin581: You should try Binance. You'll see the real value of your money there as the balance showed on Luno is overstated. 2 Likes |
Jobs/Vacancies / Re: Do Insurance Companies Pay Salary Or It's Just Commission? by Buzx: 1:43pm On Jun 21, 2021 |
Theoarhics: Great! So are you saying that in the insurance companies you've worked with 80% of their staffs are in the marketing department? It's true that marketing seems to be the most advertised role for insurance companies and seems to be filled by recent graduates or people with low experience. I'm just saying that they're other departments. |
Jobs/Vacancies / Re: Do Insurance Companies Pay Salary Or It's Just Commission? by Buzx: 1:28pm On Jun 21, 2021 |
Theoarhics: You're talking about the marketing aspect of insurance, which is mostly applied to field marketers who go around, make calls, go online to look for customers that will buy an insurance policy. Insurance is very wide with different job descriptions. They're other departments in Insurance whose salary isn't based on commission and whose job description isn't marketing. Why do Nigerians just jump to the conclusion that insurance = commission-based salary. 1 Like |
Career / Re: 20 Online Businesses That Can Make You Rich With Just A Laptop & Internet by Buzx: 1:16pm On Jun 21, 2021 |
KingDash: It's a very risky venture and you could lose everything. If you're a crypto newbie, then this is not what you should be looking to start. Start normal crypto first then you can research about yield farming to know more. |
Investment / Re: Crypto Currency Investors Thread by Buzx: 12:46pm On Jun 21, 2021 |
Organicist95: Anybody using still using Luno right loves being lied to or is probably a newbie. |
Investment / Re: Crypto Currency Investors Thread by Buzx: 12:43pm On Jun 21, 2021 |
waleaimi: You're absolutely correct, bro. I think only advance users and people who really understands crypto should go into DeFi. It's such a risky venture and at the same time rewards and gain can be high. Right now, I'm suffering from massive impermanent loss as a result of the present market condition. I hope things would get better. 1 Like |
Career / Re: 20 Online Businesses That Can Make You Rich With Just A Laptop & Internet by Buzx: 12:40pm On Jun 21, 2021 |
Sysdatek: I'm a yield farmer and liquidity provider. The crypto is a place to make and lose money. 2 Likes |
Jobs/Vacancies / Re: Self Employment Opportunity: Transcribing For A Living In Nigeria 2020 Part 2 by Buzx: 12:32pm On Jun 21, 2021 |
SpongeBobSP: Sadly, all good things come to an end. This stuff really helped back then. It served it's purpose. I knew it wasn't going to last when they started using bots to transcribe, which led to them slashing earnings. I'm surprised some people are still doing Qa. It's pure slavery right now.. 1 Like |
Crime / Re: Bawa: EFCC Has Recovered $20m Worth Of Cryptocurrency From Fraudsters by Buzx: 2:18pm On Jun 16, 2021 |
wirinet: One thing you should understand is they're different types blockchain network, like I explained previously. All cryptos don't run on the same blockchains. Blockchain were designed to be secured, but the question is are all blockchains secured? You need the to specific of what particular blockchain network you're talking about. These chains are secured by validators. The higher the number of validators the more secured the blockchain is. Ethereum blockchain is very secured as they're thousands of validators securing the network. An attacker that wants to attack the Ethereum blockchain would need to have a computer as powerful as 51% of the network. Do you know that the old Ethereum blockchain was hacked and millions was stolen? An upgrade was now made to the chain to make it more secured and the chain was broken into two. This is what they call the "hard fork" The old chain is now what they call Ethereum Classic. The new and more secured chain is the Ethereum blockchain we all know today. Here: https://www.cbc.ca/news/science/ethereum-hack-blockchain-fork-bitcoin-1.3719009 There are blockchains of only 200 validators and it would be easier for that network to be attacked. I also mentioned flash loan attack. You should read this: https://www.technologyreview.com/2019/02/19/239592/once-hailed-as-unhackable-blockchains-are-now-getting-hacked/
Oh, you didn't hear that some of the money have been recovered by the US government from the Colonial Pipeline ransomware hackers? And this is not the first time the us government have recovered or seized stolen cryptocurrency funds. Read it up here: https://www.cnn.com/2021/06/07/politics/colonial-pipeline-ransomware-recovered/index.html
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Investment / Re: Crypto Currency Investors Thread by Buzx: 9:18pm On Jun 15, 2021 |
smokey12345: Simply buy ETH. DYOR. This is not a financial advice. 1 Like |
Crime / Re: Bawa: EFCC Has Recovered $20m Worth Of Cryptocurrency From Fraudsters by Buzx: 8:31pm On Jun 15, 2021 |
Kubernetes: First, blockchain tecnology is different from traditional finance. If you understand DeFi, you'll know that its aim is to override and replace the traditional banking system. They're crypto ATMs where you don't need your bank or whatever to cash out fiat. Only thing is that it's not in Nigeria. Now, since government banned those crypto exchanges from facilitating fiat withdrawals and everybody moved to P2P, how would the government know who and who is sell or buying crypto? So, bringing in BVN, here in this context is just unnecessary. Since, direct interaction with banks and their services has been killed and you can no longer buy crypto with your card, how do the government know that that random bank transfer is payment for crypto or payment for goods? You get the point? So, using BVN here to track crypto transaction here is void. Now, to the Binance stuff, isn't it all still P2P? Binance doesn't pay you from their Nigerian account anymore. Individuals buy and sell to themselves. That Nigerian fiat balance in Binance has nothing to do with Nigerian banks. The money has already been deposited on Binance and if you tranfer or sell your NGN fiat balance, the transaction goes through Binance and not your Nigerian bank. The transaction goes immediately to the Binance wallet you transfered it to and the person pays you normal Naira. I hope you understand. |
Investment / Re: Crypto Currency Investors Thread by Buzx: 7:58pm On Jun 15, 2021 |
PAWG: Yeah, yield farming is very risky. You can run into unimaginable loss. It's a very risky venture, at the same time can be profitable. APY can range from 1200% to 100%. The higher the APY, the higher the risk and chance of huge loss. Please, this is not a financial advice, lol!! DYOR. 1 Like |
Investment / Re: Crypto Currency Investors Thread by Buzx: 7:41pm On Jun 15, 2021 |
PAWG: No, it's not Binance. I'm farming with a decentralized exchange, Honeyswap. Although, I'm running into losses now, in long term, from my calculations, I'll be profitable. We all just got to be careful and do our research well. Sometimes buying and hodling is just the best. 2 Likes 1 Share |
Investment / Re: Crypto Currency Investors Thread by Buzx: 7:27pm On Jun 15, 2021 |
PAWG: Lol, you believed in something with no fundamentals. Well, it's pure FOMO. I think Shiba Inu just pumped real crazy a while ago. See me too, I went into yield farming and I'm getting f**ked right now. I made the mistake of providing liquidity with farm tokens, which always plummet. I provided liquidity on Honeyswap and staked the tokens I got to earn rewards. Right now, my asset has lost 50% of it's value and rewards are not enough to cover loss. Although, it's all impermanent lost sha. If the farm token returns to almost the value in which I invested it, the loss will disappear. |
Investment / Re: Crypto Currency Investors Thread by Buzx: 7:12pm On Jun 15, 2021 |
PAWG: Sorry bro. The last man holding the of shitcoins will be definitely rekted. You probably got in when the hype was high. 1 Like |
Investment / Re: Crypto Currency Investors Thread by Buzx: 7:06pm On Jun 15, 2021 |
Oh, there's a crypto thread on Nairaland. I never knew. So, has anybody here played with DeFi and yield farming? Or you guys are just hodling the bags? 1 Like |
Crime / Re: Bawa: EFCC Has Recovered $20m Worth Of Cryptocurrency From Fraudsters by Buzx: 6:28pm On Jun 15, 2021 |
wirinet: Well, it seems you've not heard of "flash loan attack" that has been used to steal millions of dollars from decentralized exchanges. BurgerSwap, which is a decentralized exchange on Binance smart chain network was rekted of millions of dollars last month through flash loan attack. Their liquidity pool was drained of the millions. This is just one of the many Dexs that have lost money through flash loan. When it comes to "Hacking" it doesn't have to be when you use brute force or something like that. They're lot of ways hacking can take place and they're different types of hacks. Should I tell you about Metamask, the popular wallet and chrome extension people use, where their website was cloned and people lost money by visiting the cloned website and inputting their seed phrase. The thing is, the whole world of crypto, blockchain and decentralized finance is relatively new and still needs a lot of improvement. Those who are into it now are regarded as the early adopters and need to tread with caution. Crypto is not hack-proof. Blockchain is just a word, and they're a lot of Blockchains out there. Some are very secured, while some have security issues. Now, do Nigerian government have the skills to hack or block a crypto wallet and retrieve funds? Nah, I don't think so. They must have beaten seed phrases and passwords out of those guys to retrieve funds. Cheers! 3 Likes |
Crime / Re: Bawa: EFCC Has Recovered $20m Worth Of Cryptocurrency From Fraudsters by Buzx: 6:25pm On Jun 15, 2021 |
Kubernetes: What are you talking about? The discussion here is blockchain tecnology and you're talking about BVN? What is the relationship between the two? Get knowledge!! |
Crime / Re: Bawa: EFCC Has Recovered $20m Worth Of Cryptocurrency From Fraudsters by Buzx: 6:21pm On Jun 15, 2021 |
GboyegaD: They're probably mining shitcoins, like PI or using telegram bots. A proper crypto like Bitcoin or Ethereum requires powerful GPUs for mining. 1 Like |
Romance / Re: The Best Response To 'You Just Forget Me'? by Buzx: 10:52am On Jun 12, 2021 |
Na so o, we forget each other. |
Romance / Re: Please Help Suggest Very Good Flimsy Excuses To Dump A Very Stingy Boyfriend by Buzx: 10:44am On Jun 12, 2021 |
AutoChick4U: You really believe that the girl cannot walk up to the shop next to her house and buy pad for herself and her boyfriend has to do it? The OP didn't mention the rest of the things he brought and only mentioned pad just to make the guy look bad. If it was the guy that asks her to buy card or something else on her way, I'm sure she'll collect the money back. My is my money. Your money is our money; most naija girls way of thinking. This story is even fake AF, coming from this particular OP. 6 Likes |
Travel / Re: See What Happened When I Moved To My New Environment (pics) by Buzx: 12:25pm On Jun 05, 2021 |
Iamdbull: I hope you can afford the lifestyle. I hope you will run back to Ijebu in 5 months. |
Travel / Re: See What Happened When I Moved To My New Environment (pics) by Buzx: 12:23pm On Jun 05, 2021 |
CharisEleos: And you automatically know how to use a treadmill before you used it, right? |
Romance / Re: Girl Slaps Boyfriend For Breaking Up With Her In Public by Buzx: 12:16pm On Jun 05, 2021 |
Shellsploit: Who made the rule abeg? |
Phones / Re: The Xiaomi Thread. by Buzx: 2:56pm On Jun 03, 2021 |
Prechy2836: Very correct, bro. That update is very impressive battery-wise and general performance. Perfect! That's why I said it's like the performance of the pre-installed Miui 10 that came with it. 2 Likes |
Crime / Re: Emmanuel Friday Udofah Wanted For Raping A Minor In Calabar (Photo) by Buzx: 2:51pm On Jun 03, 2021 |
stayclearofme: Ignore her. There was nowhere in my comment that suggests I support rape. I was only speaking against her generalization. |
Crime / Re: Emmanuel Friday Udofah Wanted For Raping A Minor In Calabar (Photo) by Buzx: 2:46pm On Jun 03, 2021 |
sapphiere:
If this comment I made is insult to your family, then you're lost a course. 1 Like |
Crime / Re: Emmanuel Friday Udofah Wanted For Raping A Minor In Calabar (Photo) by Buzx: 2:38pm On Jun 03, 2021 |
sapphiere: Let me retirate, God does not answer these kind of prayers. Shows the kind of person you are. You should never be taken seriously on this platform. Your level of hypocrisy is out of this world!! |
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