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Rookidmart's Posts

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Business › Re: Will Bitcoin replace USD as world currency? by rookidmart: 5:59pm On Dec 15, 2017
JustCryptos:
You can never be so certain. It could in 5-10 years from now. The came way paper money replaced coins in some regions, and paper/coin replacing trade by barter. Same way mobile phones replaced landlines. All it takes is time.

What the government is really interested in is how to tax cryptocurrencies and regulate transactions. Follow the news and you'll know where blockchain technology is headed.
Nah.

You really can't replace cash.

So there'll always be fiat.
Business › Re: Will Bitcoin replace USD as world currency? by rookidmart: 4:56pm On Dec 15, 2017
Thinking bitcoin will replace fiat is delusional.

I like bitcoin and all, but that's not possible.

At most it will be the world reserve currency .
Business › Re: Will Bitcoin replace USD as world currency? by rookidmart: 4:55pm On Dec 15, 2017
zainmaxwell:
in figure aw many is a thousand bitcoin
1 BtC = ~$17,000
So 1,000BTC = ~$17,000,000
That's 17 million dollars.
I'll leave you to convert it to Naira.
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 11:20am On Dec 13, 2017
Ysakaws1:
Please what do you mean by set up 2fa?
2fa = two factor authentication.
Eg Google Authenticator or Authy.
It's like a software token used to login or withdraw from your account.
Without it even if a hacker has your password he can't login to your account
Science/Technology › Re: Is Blockchain And Electrum Hackable by rookidmart: 11:08am On Dec 11, 2017
BagWay:
too many bad comments on mycelium and green address.
i tried using electrum.
buh d process of set up is confusing.
https://wemovecoins.com/electrum-tutorial/
how can i get a hardware wallet like ledger or trezor
what is yhe bad side of it.i mean if u loose your hard ware.does it mean u lost your btc.
There are people that sell it on Nairaland.
Check the e-currency thread on the business section.

If you lose your wallet you can still access your bitcoin on any wallet that supports BIP 39.
You just have to save the 12 or 24 word phrase you're given safe.
With it you can restore your bitcoin wallet on any other wallet, even without the hardware device.
Without it your bitcoin is gone forever and there's nothing nobody in the world can do about it.
but i think i want to ask
blockchain is it impossible to hack it once all 2fa securty are in place and second password installed.
Blockchain.info is poorly written and lacks advanced features other wallets have.
https://www.coindesk.com/good-samaritan-blockchain-hacker-returned-255-btc-speaks/
Science/Technology › Re: Is Blockchain And Electrum Hackable by rookidmart: 6:08pm On Dec 10, 2017
If it's on your phone, use Mycelium, GreenAddress

On your system use Electrum, Multibit, etc

If you want better security then use a hardware wallet like Ledger or Trezor.
Investment › Re: Have You Wondered How You Can Make Money With Cryptos? You're In Luck!! by rookidmart: 3:37pm On Dec 10, 2017
live4christ:
please what does unspent transaction means on block chain.My transaction was confirmed but have not been credited
What's the transaction ID?

If it's been confirmed then it should show on your wallet.
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 12:45pm On Dec 07, 2017
live4christ:
pls I exchanged btc for ETH on block chain and it has not been confirmed for 12hrs.any remedy
Both chains are experiencing high amount of volume so transactions will take time to complete.
You can't do anything but wait.
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 12:43pm On Dec 07, 2017
Finest4luv1:
which way
Read my post above.
Investment › Re: Investment Sammie by rookidmart: 1:37pm On Dec 02, 2017
grin
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 10:09pm On Dec 01, 2017
Alarib:
could you share what better ways there are?
Well there are different ways to get cryptocurrencies, either you "make" them by mining, or you buy them from exchanges.

Mining works by using computing power to secure POW cryptocurrency blockchains by ordering and validating transactions.
Miners are rewarded for their work by being paid in the coin they're securing.
There are hundreds of cryptocurrencies and some are mineable, while others are not.
Some are easy to mine with a CPU, others require GPUs, while some, like Bitcoin, are not profitable unless with ASICS.
You can go to
coinwarz.com
to see the ranks of different coins based on profitability.
Please stay away from "cloud mining" they are all Ponzi schemes or scams on people that don't know how mining works.
If you know how mining works then you'll know it's not profitable for you renting the hashpower, or them actually leasing the hashpower.


You can also earn them by working and getting paid in crypto, there are sites on the internet that pay in crypto eg Bitjob.


If you want to get coins/tokens for free there are faucets and airdrops/bounties.

Faucets require you to perform tasks like solving CAPTCHA or watch ads for miniscule amount of bitcoin, like 1000 Satoshi's or less every 10 minutes (a Satoshi is the smallest unit of bitcoin, 1 bitcoin = 100,000,000 Satoshi's)
To get 60,000 Satoshi's ($6 or so),you'll have to solve 600 captchas. So you'll need to solve captchas for 60 hours straight (~2 and a half days) to get $6 worth of bitcoin.
So you can see that it's not worth the stress.

Airdrops/Bounties:
Airdrops are a way for developers to distribute their coins to as much people as possible.
There are different ways you can apply, usually it involves you filling a Google form online with your email address, wallet address, or bitcointalk username.
Some require you to promote them on social media (Facebook, Twitter, etc) for which you'll earn their tokens/coins in return.
You can sell the coins received on exchanges.
Depending on the success of the project and the volatility in the market you can make as little as a few cents to $150 or more by selling the tokens you got for free.
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 12:02am On Dec 01, 2017
kelvinovie25:
Bitcoin mining has just got even better, mine btc, lithcoin, dodge coin and other by literally doing nothing other than claiming your earnings, its as simple as that. What are you waiting for, 1btc is over N3,000,000 and keep increasing. You can join our whatsapp group to join other bitcoin miners and get firsthand info on how to mine bitcoin and even double your bitcoin in just 5mins. Join the whatsapp group below for more info
https:///B09GnEEm0mb75AMb2VH0H9
Don't waste your time with faucets.
Trust me.
There are better ways to get Bitcoins/crypto.
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 5:07pm On Nov 29, 2017
amjustme2:
I am aware of that thread. I think it was created by someone just to discredit them.

I personally use genex regularly if i am not transacting peer-to-peer. I have tons of guy i refer to genex exchange, there has been no single complain anytime, anyday

In fact they call you if there were incorrect entries on your buy/sell form. Their service is very fast too.

Dont believe everything you read on nairaland.
I'm not talking about their exchange, but their "investment packages".
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 10:32pm On Nov 28, 2017
Kevostica:
Btc now at 10,000
Can it get to 15,000?
It can get to $100,000
But it can also get to $10 or $.50
Don't invest more than you can afford to lose
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 10:32pm On Nov 28, 2017
amjustme2:
I am 100% sure you have been misinformed.
Came across this thread
https://www.nairaland.com/4147372/what-wrong-genexpayments
Investment › Re: Cryptocurrencies Market Pick Alerts by rookidmart: 3:02pm On Nov 28, 2017
amjustme2:
kevostica
genexpayments.online
all good and fast
Be careful with Genex.
Seems they're running a a Ponzi scheme with their "fixed deposit plans" so if that comes crashing down it'll take the whole outfit down.
Phones › Re: 4GB Of Ram And 32GB Storage Brand New Smartphone That Costs 31k by rookidmart: 8:26pm On Nov 25, 2017
fibonacci2526:
Boss Rookidmart, you are sighted.
Madam, I greet you.
Investment › Re: Those Investing In Bitcoins Are Gamblers - NDIC Chief by rookidmart: 5:37pm On Nov 24, 2017
Speculation, not gambling.
Investment › Re: What Is Wrong With Genexpayments? by rookidmart: 12:10am On Nov 21, 2017
1nigeriamyfoot:
those who are sensible will understand that with all post & quote by these scammers above, genexpayment is scam! all his theory about ripples & the likes is sham! I know some short sighted gullible Nigerians will still fall prey because most of them prefers to sit down and watch money coming to their doorstep.
grin
Investment › Re: What Is Wrong With Genexpayments? by rookidmart: 7:28pm On Nov 20, 2017
Cooleasy:
Thanks for your questions. If your doubt is with an open mind, you will have a nice time here.
Now to your questions, the much I know as at this moment are the following:

1. The coin has it's own blockchain.
2. Mining algorithm is Sha256.
3. Supply is 588,000,000.
4. The source code will be made public after the completion of premining of the first block by GeneX miners.

GeneX wants to complete the premine before launching the coin, most likely in December, by God's grace.

I will feed you with more information as time goes on.

Thanks.
Large supply and premined....
Why the premine?
Is it for the genesis block or how many blocks will be premined?
SHA256 is not ASIC-resistant so there'll be mining centralisation.

What's the utility/use case?
Is there a white paper?
Investment › Re: What Is Wrong With Genexpayments? by rookidmart:
Who can give me info on Genex's coin?
Is it an ERC20 token?
or a does it have its own blockchain?
What's the mining algorithm? Scrypt? Sha256?
What's the supply?
Where's the source code?
Investment › Re: What Is Wrong With Genexpayments? by rookidmart: 6:31pm On Nov 20, 2017
Nigerians and Ponzi schemes. They never learn. grin
Investment › Re: Bitcoin Stolen by rookidmart: 9:17pm On Oct 31, 2017
temisilva:
Please i just found out now that my bitcoin has been withdrawn (stolen) from my account in blockchain.com

The transaction occurred without my consent but fortunately, my etherum balance is intact.

Please do anyone know how this can be investigated? bcz i am still very much surprised.

Thanks.
You can try to track it using a blockchain explorer.
But you probably wouldn't be able to put a name to the wallet address.

Please ignore people telling you to send them your contact information as they may try to scam you further.

PS do you know how the attacker was able to access your wallet in the first place?
Did you sign in to the web wallet from a shared computer?
Or did someone access your phone?
Investment › Re: Please Help Me- Fx & Crypto Trading Experts In Ibadan. by rookidmart: 8:03pm On Oct 19, 2017
You can always learn from YouTube videos and forums.
This is a Nigerian crypto trading group on Telegram: http:///cryptogenetrading

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