₦airaland Forum

If you visit the investment section of Niaraland regularly you must have come across a trend explaining what cryptocurrency is all about; with a theme focusing on persuading you to invest. To be more precise you must have read about BITCOIN.

Bitcoin is the most successful cryptocurrency among all the hundreds of different brand of cryptocurrencies which is currently in existence. Though as of late there are cryptocurrencies such as ETHEREUM which offers services beyond just a medium of payment and exchange of value; but The fundamental purpose of Bitcoin and over hundreds of other cryptocurrency is to serve as an alternative method to transfer monetary values in a decentralized system other than the fiat centralized system we already have.

THE SIMPLE IDENTITY OF BITCOIN & CRYPTOCURRENCIES

A lot of people have found it difficult to understand what Bitcoin and cryptocurrencies is, this is mainly because of the many grammatical vocabularies associated with it's explanation. But if you could give the grammars a break; Bitcoin and cryptocurrencies is just series of numbers created electronically on a computer system. In the case of Bitcoin the numbers ranges from 1 to 21 million or if you are counting in its lesser units called Satoshi it ranges from 1 to 2.1 quadrillion. Basically in every 1Bitcoin there are 100,000,000 Satoshi likewise with other cryptocurrencies with there specific units and range of numbers.

The range of numbers created is determined by the creator of the cryptocurrency. The value of cryptocurrencies is not influenced by any legitimate substance but by just DEMAND & SPECULATION.

So basically the value of Bitcoin and other cryptocurrency is simply based on the actions of individuals and organizations who decided to see those series of electronic numbers created as a thing of value and began to trade with it among themselves.

The process of transferring bitcoin and other cryptocurrencies is simply sending the electronic numbers in your computer to someone's else computer without duplication; just like if you transfer your airtime to someone it's gone from your sim card and you cannot get it back unless the person transfers it back to you.

One important part of cryptocrrencies is The Blockchain which is just a tool that records all the transaction history and shows transactions as it happens. Think about some ponzi scheme sites which displays latest PH & GH on the dashboard that's just it, only this time you can always track any transaction at anytime regardless when it happened using the transaction ID called hash in cryptocurrency language.

CRYPTOCURRENCIES A MONEY BASED ON MUTUAL CONSENT

As previously stated the value of Bitcoin is not influenced by any legitimate substance like Gold or Oil or any other commodity it's just speculation and demand. Just because a group of people and organizations agreed to trade with the electronic numbers someone created, it became valuable and because the numbers has a fix range which cannot be exceeded the more people demand to use this electronic created numbers in an ordinary sense it creates scarcity which ultimately increases the price or cost of acquiring the said numbers. Just like when fuel is scarce in Nigeria it becomes more expensive to purchase.

If people decides not to use the electronic created numbers for trading anymore it becomes worthless. When the cryptocurrency movement started it can be said to be a rebellion towards the system which the government has implemented for us to exchange values, but ultimately the government can not take away the freedom of individuals because it will be a breach of human right. Therefore because the people agreed among themselves it became a thing of value among them which no one can stop or control except them, thus it is said to be decentralized because it is not controlled by the policies of the government.

NIGERIA A MYOPIC NATION OF OVER 180 MILLION SKEPTICS

Nigeria is a country with extreme poverty among the people with high inflation rate and a rapidly decaying currency which has completely neutralized the purchasing power of its citizens and further increase hunger and abject poverty among the people. Most of this struggles if not all is directly blamed on the government and their corruption system of leadership which favours no one but themselves.

The moral lessons from the existence of cryptocurrencies is that mutual agreement is so powerful is so much that it can result in the creation of a decentralized economy where the power is taken away from the government and given to the people. An economy can be created out of nothing, values can be created out of nothing, we don't need the oil from the Niger delta, we don't need the other numerous resources from other parts of the country, in the beginning the heavens and earth was completely void the bible recorded, everything we now see or have come to accept after God's creation was made by man and it became a thing because people agreed to make use of it which ultimately made it valuable.

Sadly Nigerians are people full of skepticism, fear unwillingness to try something new, people who are comfortable with limiting source of income to the known, a country with civil unrest overcomed by tribal hatred and selfishness, a country which views anything made by a Nigerian as inferior or scammy.

Until we begin to believe more in ourselves we cannot overcome poverty, we will remain in the captive chain of governmental policies which favours no one but themselves, we will continue to be viewed as inferior and a 3rd world country by other nation, we will continue to remain 180 MILLION SKEPTICS.

Helping Hands is a Pyramid Scheme, MMM is a ponzi scheme that's the difference.

donaldking10:
Matching is now from week2.

Its normal, and everyone knows it.

You are worth laughing at

RELAN2446:
I ve refuse to pay immediately i was match in d 2nd week to pay my 90%,ve never loose money to ponzi scheme before it has help me a lot,may b if i loose i will understand. But i doubt if i can ever loose,ponzi scheme is for smart nd vigilant people dat jst it.

Correct Guy

fifty:
My brother, the guy is too stupid to educate or empower anyone with knowledge which surely he lacks. There is no difference between this Yards and his Godfather Ponzihater. Arguing without objectivity. That's if they are not even the same people.

Your Ignorance is at its peak

Najwal:
@Yards will eth recover from this fall, kinda confuse wat to do with my eth atm. Just need an honest insight about eth, coz i haven't found any community base forum for eth where one can actually learn opinions of other eth holders aside from write ups from Internet. and amstill new to crypto. Thanks

Yeah it will definitely recover.
The fall is not just eth all crypto are falling but take a look at the ethereum road map exciting times are ahead

Mjazzy:
You're the one attracting insults and abuses on yourself unnecessarily, why taking panadol for others headache?
i don't know if you case is that of stupidity or plain wickedness...what you're doing right now, spreading panic and negative rumors is what actually destroys genuine ponzi platforms like MMM and GHW. Since GHW had a restart in March,2017 the journey has been going well, though not perfect because it's not easy been so organized and trying recover from the evil people like you and Sergent Ponzi hater caused the platforms. are you aware your colleague and his gangs went to the extent of opening fake accounts and PHing ridiculous amounts just to see the platforms crash? who do you blame for that, is it the innocent participants going about their business or the Admin who have been busy clearing up all the mess and daily strategizing on the best method to adopt for the sustainability of the system. Honestly i really pity those admin and what they go through to keep this system up and running,they could have left it and just disappear and no body will hold them because ou don't even know them.

All the government and media propagandists and the so called experts who gave this platforms a bad name and caused panic, where are the today? have they provided any job or alternative source of income for you in this recession?

Please keep your opinion to yourself and realize that everyone participates in this programs are very matured adults and understand the risk involved plus they know what's best for themselves.

Do you realize the effect of ponzi scheme to the Nigeria economy? You are reacting like someone who's uneducated

Winner4Life:
You miserable unemployed youth calling a seven figure earner miserable. You refused to take risk, so you die poor! In poverty shall your generation be!

Hahaha, People who are quick to say do you know who I'm is a nobody.

No need doing assets declaration with someone as inferior as you.

ekwii:
Today as i open my account, it is working fine now. I have deposited bitcoin in my wallet, though not confirmed yet. I will give feedback as i progress. Thanks

OK great

jaychubi:
Dumb analysis ether will not close up on bitcoin even in a decade. Bitcoin is d only recognized global coin others are mere shitcoins driven by sentiment n speculations n good only for pump n dump

Ethereum is in a free fall nw @ 326$

Ethereum is not a digital currency like Bitcoin, It's a decentralize blockchain platform which offers smart contracts, in other to execute smart contracts you need it's native token Ether.

It's everything bitcoin will never be.
Bitcoin is just a store of value ethereum is more.

Ethereum is just 3 years old and it's market cap will definitely surpass that of bitcoin.

You know nothing about crypto Man.

donaldking10:
Fool u and the stupid idiot lost. Because everyday new people are
joining. A friend of mine registered two new
participants last week. Ghww is now stronger
than ever so please keep helping us by
advertizing it so that people would know its still
very much alive and paying, and they will keep joining.
One man can't bring down ponzi, only God can.
And it was sent here by God to help his children.
U can now quietly sink into oblivion where u
rightfully belong.
M0R0N.

May God forgive you for associating Him with ponzi scheme.

fifty:
This fool is definitely SgtPonzihater on another moniker. This is his M.O. There is no limit to what a jobless fool will do to remain relevant in cyberspace. Listen, get a job. No body gives a damn about ur convulsive madness, just go to a mental facility and check yourself.

Ponzihater?

I can never be that stupid idiot.

I give facts not speculations

omotech:
I have created account for the past 3 days with my laptop l didn't see 2FA and deposit, but l saw fundind and l have been trying funding it through my bitcoin wallet but proved abortive, please how do l transfer money from bitcoin to bitfinex thank you.

Everything is well listed for easy location

jaychubi:
Pig y nt go to ur filth

See millions ppl PHed jst today

U guys shld jst give up ur anti Ponzi campaign BC it won't work like b4 nw GHWX has a forum where millions of its participants go for info plus 100s of telegram n WhatsApp group. Only insignificant number come to Nairaland.

So ur campaign is dead on arrival

LOL, the whole community have been matched to pay you, is the money drying up?

Najwal:
Thanks to your guide, i just got some iota tokens, but i didn't have btc so i transfer some eth, exchange to btc then exchange to iota, hope to see great things work from this project. Gracias

If you have patience you will have success.

GEJDHERO:
shut ur smelling mouth my friend

Do they type with mouth?

Ponzi has blocked your brain

donaldking10:
Everyone should ignore this jobless fool.
The funny thing is that most ghww participants no longer visit this useless nairaland. We now have our own forum where we get information. So op u can stay here and keep Making fool of yourself
Am off to our forum.

Nobody is begging you to stay on nairaland or to read anything.

Enjoy whilst it last

jaychubi:
See money for those dt will understand this

Chisos GHWX rocks

This one tears will full one bucket.

[quote author=Adisa85 post=57801451]Next time, get your fact and finding well before you compose.
Enough of all this shit, u have been barking on MMM and GHWW since last year. Why can't u go and have other reasonable things to do.
Go and build a church to spread Anti-P2P news or go to BBC for your campaign, those that will do will do. U cannot win their soul.
Enough of your rubbish on those platform. Nobody is forced to join.
As I am typing, pple are getting match. So, why don't you reason for once or what will you gain
All you can gain is, we told them before which God has surpassed u even every business is a risk. [/quote

What fact stated do you perceive to be wrong?

Winner4Life:
Anyone who speaks negatively about this scheme again shall never succeed in any financial endeavour he/she engages in. So be it!
Since it is the person's intention to derail a sensitive programme, so shall the person's destiny be derailed; except he/she comes here to apologise to its participants, the person shall not enjoy financial favour for life! SO BE IT!
SO STEER CLEAR TROUBLED WATERS. FINAL WARNING!

I pity your miserable life of ponzi dependant.

ekwii:
I just created account on the bitfinex. But anytime i login and click any other menu to proceed, it will automatically log me out. If i log in again, the process will occur. Please what is the problem? even as i click deposit as you said, it just logout on its own

That's strange.

Hope you checked your network connection?

omoneg:
Thanks alot sir. Ive seen it. I really appreciate. Time to buy now

Great

omoneg:
Hello, where will i see the btc i sent to d exchange wallet on bitfinex?

Goto wallet on bitfinex and check your bitfinix btc wallet

timio:
timiolowo @gmail.com pls inbox me

For?

ponziponzi:
Greedy people will still not learn.

My brother no be small

Slai1:
He is talking rubbish.
His intention is to create UNNECESSARY PANIC.

I feel sorry for you

JAZES:
It has moved up from 0.33 to 0.5506 as at today

If I decide to cash in now I will be making over $500 profit already.

Gbemisolarh:
Another goat in the House......is it your fathers money we are using to PH
.
Educated illetrate....

It's you and your generation that will crumble and crash

Nobody ask you to stop continue.

Time will tell.

jaychubi:
U will eat ur words by Mon when GH code is fixed, nobody will lose money on GHWX BC it's d best structured p2p program on earth.

Our lily livered participants shld see d update below n ignore haters

I feel sorry for your brain which have refused to realise people are already losing money

segebase:
I guess u r one of defaulters they were saying..guess u have an acct on ghw to knw all this

Guess u still seeking for free beer and Olosho

Keep covering yourself in assumptions while ignoring reality.

cyberguy72:
Op i have just been matched.Go and die.People are GHing and PHing every minute and you are here talking trash

Time will tell Sir/Madam

richinvestor:
Another jobless fool

Hmm