₦airaland Forum

she's busy making her money while we r all here busy spending time and precious data wailing.
una get time oooooo.

dats a deadly mistake we men pay for and in dis case with our lives.
WAT STOPPED D NIGGA FRM USING A CONDOM FOR Bleep SAKE. men have been and will always be thinking with their d*cks and not with their brains.

AIDS is real
guys be wise, not everything is sweet to d eye

dis is so interesting

I love geography

just bang d shit out of her already. either way, no one loose

it's Friday. take a hot bath with my wifey together, on Saturdays I'll take over d kitchen while she rests. then take my family out on Sundays.

playback's a bitch. especially when it comes from someone else.
women don't want to suffer

konji nah bastard.

FTC By d way.
but can she cook?? can she pray like 4hrs a day
if yes then she's won my heart. shikinah

he dat finds a wife finds a gud thing and obtains favour frm d Lord. so if these don't apply in his life then there's something wrong somewhere.
probably she's not meant for him.my thoughts tho

firstking01:
Because women are just too unnecessarilly gullible over a lil thing.

yeah i agree

08032332940
add up im in

olorun pick my call oooooo

hapuya like dat

It sounds abnormal in this part of the world when we hear that women "toast" men, well because of ego and all that. but lets give it a wrap.
Ladies: can you throw caution to the wind to ask that guy you're eyeing sercrtely out??
Guys: Has a girl toasted you before? hw did u regard her?

Left for me, i once had that experience back then in secondary school when she said she loves me. but i saw d courage in her to do so and i respected her till today.

so lets have your views

pinkyruledworld:
I tot I was the only one that loved a dodgr charger. ur head is there.

seriously

If you still can’t figure out what the heck a bitcoin is, this simple explanation for a five-year-old may help you ...

apple-bitcoin

We’re sitting on a park bench. It’s a great day. I have one apple with me, I give it to you.

You now have one apple and I have zero. That was simple, right?

Let’s look closely at what happened:

My apple was physically put into your hand. You know it happened. I was there, you were there – you touched it.

We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to you.

The apple’s yours! I can’t give you another apple because I don’t have any left. I can’t control it anymore. The apple left my possession completely. You have full control over that apple now. You can give it to your friend if you want, and then that friend can give it to his friend, and so on.

So that’s what an in-person exchange looks like. I guess it’s really the same, whether I’m giving you a banana, a book, a quarter, or a dollar bill …

But I’m getting ahead of myself.

Back to apples!

Pixelated apple
Now, let's say I have one digital apple. Here, I’ll give you my digital apple. Ah! Now it gets interesting.

How do you know that digital apple which used to be mine, is now yours, and only yours? Think about it for a second. It’s more complicated, right? How do you know that I didn’t send that apple to Uncle Tommy as an email attachment first? Or your friend Joe? Or my friend Lisa too?

Maybe I made a couple of copies of that digital apple on my computer. Maybe I put it up on the internet and one million people downloaded it.

As you see, this digital exchange is a bit of a problem. Sending digital apples doesn’t look like sending physical apples.

Some brainy computer scientists actually have a name for this problem: it’s called the double-spending problem. But don’t worry about it. All you need to know is that it’s confused them for quite some time and they’ve never solved it. Until now.

But let’s try to think of a solution on our own.

Ledgers

Ledger


Maybe these digital apples need to be tracked in a ledger. It’s basically a book where you track all transactions  –  an accounting book.

This ledger, since it’s digital, needs to live in its own world and have someone in charge of it.

Just like World of Warcraft, say. Blizzard, the guys who created the online game, have a “digital ledger” of all the rare flaming fire swords that exist in their system. So, cool, someone like them could keep track of our digital apples. Awesome  –  we solved it!

Problems

There’s a bit of a problem though:

1) What if some guy over at Blizzard created more? He could just add a couple of digital apples to his balance whenever he wants!

2) It’s not the same as when we were on the bench that day. It was just you and me then. Going through Blizzard is like pulling in Uncle Tommy (a third-party) out of court (did I mention he’s a famous judge?) for all our park bench transactions. How can I just hand over my digital apple to you in the usual way?

Is there any way to closely replicate our park bench transaction digitally? Seems kinda tough …

The Solution

Ledger


What if we gave this ledger  to everybody? Instead of the ledger living on a Blizzard computer, it’ll live in everybody’s computers. All the transactions that have ever happened, from all time, in digital apples, will be recorded in it.

You can’t cheat it. I can’t send you digital apples I don’t have, because then it wouldn’t sync up with everybody else in the system. It’d be a tough system to beat. Especially if it got really big.

Plus, it’s not controlled by one person, so I know there’s no one that can just decide to give himself more digital apples. The rules of the system were already defined at the beginning.

And the code and rules are open source – kinda like the software used in your mom’s Android phone. Or kinda like Wikipedia. It’s there for smart people to maintain, secure, improve, and check.

You could participate in this network too – updating the ledger and making sure it all checks out. For the trouble, you could get like 25 digital apples as a reward. In fact, that’s the only way to create more digital apples in the system.

I simplified quite a bit … But that system I explained exists. It’s called the Bitcoin protocol. And those digital apples are the bitcoins within the system. Fancy! So, did you see what happened?

What does the public ledger enable?

1) It’s open source, remember? The total number of apples was defined in the public ledger at the beginning. I know the exact amount that exists. Within the system, I know they are limited (scarce).

2) When I make an exchange I now know that digital apple certifiably left my possession and is now completely yours. I used to not be able to say that about digital things. It will be updated and verified by the public ledger.

3) Because it’s a public ledger, I didn’t need Uncle Tommy (third-party) to make sure I didn’t cheat, or make extra copies for myself, or send apples twice, or thrice…

Within the system, the exchange of a digital apple is now just like the exchange of a physical one. It’s now as good as seeing a physical apple leave my hand and drop into your pocket. Just like on the park bench, the exchange involved two people only. You and me , we didn’t need Uncle Tommy there to make it valid.

In other words, it behaves like a physical object.

But you know what’s cool? It’s still digital.

We can now deal with 1,000 apples, or 1 million apples, or even .0000001 apples. I can send it with a click of a button, and I can still drop it in your digital pocket if I was in Nicaragua and you were all the way in New York.

I can even make other digital things ride on top of these digital apples! It’s digital after all. Maybe I can attach some text on it – a digital note. Or maybe I can attach more important things; like say a contract, or a stock certificate, or an ID card …

So this is great! How should we treat or value these “digital apples”? They’re quite useful aren’t they?

Well, a lot of people are arguing over it now. There’s debate between this and that economic school, between politicians, between programmers. Don’t listen to all of them though. Some people are smart; some are misinformed. Some say the system is worth a lot; some say it’s actually worth zero. Some guy actually put a hard number on it: $1,300 per apple. Some say it’s digital gold; some say it's a currency. Others say they’re just like tulips. Some people say it’ll change the world; some say it’s just a fad.

I have my own opinion about it, but that’s a story for another time.

Hey kid, you now know more about Bitcoin than most.

Originally posted on Medium

A lot of us don't really have an idea of what bitcoin is all about thats why i've been spending time explaining everything about this newbie called bitcoin. well here's a little article u need to know about bitcoin.
enjoy


What is Bitcoin?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.It’s the first example of a growing category of money known as crypto-currency.
What makes it different from normal currencies?
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

[b]Who created it?

[/b]A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.
Who prints it?

No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.
Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network.
This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.
So you can’t churn out unlimited bitcoins?
That’s right. The bitcoin protocol – the rules that make bitcoin work – say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin).

What is bitcoin based on?
Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based on mathematics.
Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it.
The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.

What are its characteristics?
Bitcoin has several important features that set it apart from government-backed currencies.
1. It's decentralized
The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.
2. It's easy to set up
Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.
3. It's anonymous
Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…
4. It's completely transparent
…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.
If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.
There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.
5. Transaction fees are miniscule
Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.
6. It’s fast
You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.
7. It’s non-repudiable
When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever.
So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Read more to find out how Bitcoin are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.

What is Bitcoin Mining?
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hash cash proof-of-work function.The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
How Can someone get Bitcoins?
Although there are several scammers in town that one cannot discern the real sites, however, there are various places and platforms you can get bitcoins online.
NairaEX
BitEX
LocalBitcoins
Peer to Peer transfer (between individuals)

suburban big time.

team Chevy Suburban

for me it's a Dodge charger any time, anywhere. d sound of it alone gets me high.

thanks to my people above me. dis scrap actually made FP. so whose fooling who

u guys should get ur facts right.
first of all, does he look like a 7yr old kid?
secondly I read a post on line with similar pics last weekend but d story went that d Guy allegedly stole a phone around alaafia bus stop and attempted to kill d victim in d process.
lastly, d police hasn't reported any incident as such of a 7 yr old being lynched to death.

pls get ur facts right.

for Christ sake u guys should get ur facts right. first of all, does he look like a 7 year old? secondly, I read a post with a similar picture and video online last weekend but d story went that he stole a phone and attempted to stab around badagry.
lastly d police has not reported any lynching of a 7 yr old in any part of lagos.

pls get ur facts right OP.

for bleeps sake it's just a slap, not dat she cheated on u. u guys should make up jare.

nah nw i read d post with clear eyes.

so whose next in line to d ministry
can't wait to hear dat afrocandy has picked up d bible.

omg. neva underestimate d wrath of a woman.

wow. FTC tinz noni

it depends on you

if u leave with a reason, neva come back with an excuse. my 2cent