₦airaland Forum

DaddyGoo:
Jeff Epstein's case comes to mind.

Plus McAfee tweeted some time last year that he will most likely die "by suicide", and that he was tweeting so that the world knows he DIDN'T kill himself when it happens!

Odiegwu and RIP

I wouldn't take his tweets seriously. He knew that this would getting everybody asking questions, after his death.

Maximus85:
I must make my money back. Na me go dump on them. Bastardds

Lol, which coin you go buy like this?

IdealHubby:
How did this rubbish made FP baffles me.

You called crypto scam and tell them to buy WinK, Go, TRON because you already bought them and want us to pump your bag.

Aren't you a bloody hypocrite?

Are you not a scam for telling people to invest in scam?

Haha, don't mind him. Look at the shitcoins he's telling us to buy.

na2016:
Evenif you know the fundamentals, I have come to know that Cryptos are majorly scams. This is why governments are trying to either control them or ban them. Imagine the volume of money Nigerians put in different cryptos at the beginning of this year and suddenly every crashes. It means the country where those funds were gotten from will suffer more. So are you guys now seeing that it was good the CBN banned cryptos?

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.

kennethfranc:
Despite the ban,I still buy, sell and make some profit from luno ...another thing nah una sabi

I was impressed until I saw Luno.

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.

berbs:
To make $50 a week now, na by God's grace.

$50 a week right now, I no think say e dey possible.

Kelvin581:
am still using luno.. what's the best option now bro

You should try Binance. You'll see the real value of your money there as the balance showed on Luno is overstated.

Theoarhics:
I put it to you that the guy asking this question is being employed as a marketer...and 80% of insurance employees are marketers... I have worked in 3 insurance companies , so I'm speaking from some level of experience and authority.

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.

Theoarhics:
Some pay (transport) allowance then the rest is largely on commission. However, there are some insurance companies that don't pay any form of allowance . It is strictly commission based. But na suffer head job if you dont have connections or people that would give u businesses. But if you get them sky is the limit for you. It becomes a very easy job. But e no easy. All my shoes file finish from trekking.

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.

KingDash:
bros me self won do yield farming? how will I start??

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.

Organicist95:
If you are on luno I advise you to move your cryptos to USDC

It's moving up

Anybody using still using Luno right loves being lied to or is probably a newbie.

waleaimi:
majority still believe in buy and sell to make "super profit'(u cant blame them,they were told " u can turn N5K TO N1M in crypto world " ( ). the real value of cryptocurrency comes from the DeFi application, where 3rd party are been removed from traditional finance, you dnt get the super profit in there but passive ones and you grow wealth organically, crypto world makes u be ur own bank but DeFi makess act like ur former bank. the crypto DeFi platform you choose matters a lot.DYOR

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.

Sysdatek:
For crypto people

Yield farming
Liquidity mining
Spot trading
Futures trading
Arbitrage trading
Tokenised stock trading

I'm a yield farmer and liquidity provider. The crypto is a place to make and lose money.

SpongeBobSP:
LmaO..... Guy, you mean oo
Can't believe the thread still exists. Wow

This thread is officially dead. It's time to say goodbye. It was good while it lasted.

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..

wirinet:
I must admit I am new to crypto, as I had avoided it since the failure of earlier digital currencies more than 10 years ago - ie e-gold, liberty reserve, etc. But recently I realized that cryptos are here to stay, and so I just started getting involved.

Having said that, the only way I see to hack a crypto currency driven by block chain technology is by obtaining the password and keys through a phishing attack or getting it directly from the wallet owner by force. I don't think the servers holding the transaction ledgers can be broken into as the information is stored in multiple servers and computers, and a brute force hacker would have to hack all the computers.
I might be wrong and I would appreciate some education.

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/

Even the US government don't have the skills or tools to hack Bitcoins, else they would have caught the criminals that blackmailed colonial pipelines and rendered the US without petrol for almost a week. Colonial pipelines had to pay over $4 million in bitcoins and the money was never recovered.

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

smokey12345:
if one has a capital you want to tie down for like 2 years lets say $5000 what and what crypto do you think one can buy that will really worth it

Simply buy ETH. DYOR. This is not a financial advice.

Kubernetes:
If you know blockchain, you should know that its the Commercial banks that enhance and facilitate the offshore transfers. If you wanna cash your btc, it must go through the banks(like Providus bank). And that was why CBN asked the banks to stop the trxns of these offshore crypto currency exchanges like Ruqqu, Luno etc.

You must have heard last two months that Binance has added Nigerian FIAT/NGN pair to its Peer to Peer (P2P) trading platform in Nigeria. Users can now BUY and SELL their NGN FIAT balance on Binance with zero transaction fees for Nigerian Naira (NGN) using Bank Transfer and other payment methods, but any bank facilitate any of such will face sanction by CBN

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.

PAWG:
Okay. Yeah, I think buying and holding is the best, I just was sideswiped by the almost 40% drop in the price, I guess my timing was wrong.

I will read up on the farming thing this night I'm a bit rested.

Overall I’m optimistic with my other holdings

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.

PAWG:
Binance right?

Shit’s crazy. I just want to have a good meal and cool my head off

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.

PAWG:
Thanks . I believed in it so much and held onto it for a whole month. I pulled funds from ETH to buy it. I guess I should’ve held on for one more day. I was hoping for 20-25% gain. I am wowed, angry and sad at the same time. Lol

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.

PAWG:
I’m in sifia pains RN. I sold my community of SHIBA INU to cut my losses this morning

Sorry bro. The last man holding the of shitcoins will be definitely rekted. You probably got in when the hype was high.

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?

wirinet:
We are talking about crypto currency and you are talking about BVN and software.. Cryptos run on blockchain technology which is virtually impossible to hack.

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!

Kubernetes:
The agency has all the mechanisms and the infrastructure which you don't know. The efcc has a software that if they put your bvn and run the software, its gonna bring all your accounts in the entire banking platforms in Nigeria including all your cards, including all your transactions, including all where the money is coming from and where it went to.infact the software has an AI field that can dig out all the alternative e channels those money came from. Its just that he will not mention such critical information in the public.

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!!

GboyegaD:
Not when I have friends that mint cryptocurrencies on their phones. I no get power to get heart attack. Thanks for the offer BTW, I do appreciate it greatly.

They're probably mining shitcoins, like PI or using telegram bots. A proper crypto like Bitcoin or Ethereum requires powerful GPUs for mining.

Na so o, we forget each other.

AutoChick4U:
You lack sense. What's bad in asking ur bf to buy you toiletries on his way to your house? Her pad probably wasn't enough or she was caught unawares. She gave him d money back but you men no even read to comprehend but rush to comment like illiterates.

Don't they teach comprehensive English in school again? Fools can't reason outside d box

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.

Iamdbull:
Am really enjoying it, except that it's draining my pockets

I hope you can afford the lifestyle. I hope you will run back to Ijebu in 5 months.

CharisEleos:
lol.... youre a typical bush.

Threadmill that you'll start on the low first. Then gradually increase the speed after youve warmed up and built up your own speed level.

Thought you said 350k was too much when I suggested a cool place on the mainland in lag in your previous post.

Hope the island mosquitos will not drain you this time around.

And you automatically know how to use a treadmill before you used it, right?

Shellsploit:
Rule number one..
Never lay your hands on any lady...

Who made the rule abeg?

Prechy2836:
Omo that update mad gan 12.0.5 on RN8 my battery now lasts like when I first got the phone.. today I had about 80% then I started playing PUBG 4hrs41mins later I was left with 21%. Yesterday I saw a 1hr32min movie from 90% and was left with 82% afterwards..

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.