Topic: Bitcoin and it's holders in our society - page 4. (Read 985 times)
This is such an unfortunate news. Is this even legal? while reading through it i thought it was gonna turn out that those “cops” were actually just scammers but they are really part of the police force. i did not know how bad it was there wherever you are. in my country, the general opinion is rather neutral which is relieving. it’s not banned but it’s also not advertised. for now, that’s enough for me.
I don't know what country you're coming from but I needed to ask if bitcoin is legal in your 'place at the first place because I don't understand it why the police would mount a road block just in checkmating peoples devices.
But anyhow let's not undermine any form of security measures either on our homes or outside jour homes becasue the anti Cryptos and the crypto thefts would always linger to hunt us.
Hence keeping your seed phrase private isn't enough security actions for you as a bitcoin but also how to stay an unknown from your holdings.
Stay off from any ways that is possible to indict you such as make encrypting your wallets to be unidentifiable even if someone else gets to your phone just as the Op did here. Keep earlier safe and save yourself from doubts and dangers.
But anyhow let's not undermine any form of security measures either on our homes or outside jour homes becasue the anti Cryptos and the crypto thefts would always linger to hunt us.
Hence keeping your seed phrase private isn't enough security actions for you as a bitcoin but also how to stay an unknown from your holdings.
Stay off from any ways that is possible to indict you such as make encrypting your wallets to be unidentifiable even if someone else gets to your phone just as the Op did here. Keep earlier safe and save yourself from doubts and dangers.
I don't think that's something that anyone should be experiencing because that's crime no matter how you look at it, they did some illegal searches on your phone which is considered a personal stuff so even if they're a police, there's no way that they're allowed to do that without a warrant. This kind of thing just makes me hate even more the profession of a police, there's no way that you'll have to overexert your power to the people that you're supposed to be protecting, makes me respect them less when they do this kind of thing.
Many people call it a bad apple, the problem is there are too many bad apples and we don't even know which one is bad apple and which one is not, so we judge every of them are bad apples. 
Privacy is nothing in developing country, even a teacher or employer did that.
As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.
In my country, trading and investing in Bitcoin is legal, but it's not accepted as a direct form of payment. We have legal platforms for cryptocurrency trading, and generally, police won't stop us to check if we hold crypto assets. However, we cannot currently use crypto for direct purchases.What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.
You're absolutely right, we need to prioritize securing our investments. Based on your experience, I think it's wise to either avoid installing crypto-related apps on your main phone or have a separate phone dedicated to cryptocurrency management. Minimizing carrying your crypto-holding phone when unnecessary, especially at night, is also a smart move. Honestly, I'm not sure I could stay calm and avoid looking suspicious if stopped and searched either hehe.
All these things are possible in Nigerian countries. Anyone from Nigeria who wants to protest against injustice is killed by the administration or disappeared. Where the police and administration of other countries are recruited to cooperate with people, Nigerian policemen directly extort money from their own citizens. I see many videos where many helpers go to African countries to help and they also have to pay African policemen and then help. Seeing the suffering of African people, many people may go to those countries to help but where the police instead of providing security take bribes or extortion money from them which is really a very bad thing. This issue has been going on for a long time so it is not usually possible to solve it very easily.
But it doesn’t sound illegal in your country because if it was, they should arrest you immediately they figure you have crypto assets. But from what I understand, they were asking about the source of the money just to confirm that it isn’t money laundering, etc. Also, you said they suspect a lot of boys to be fraudsters. They are also checking if many the fund’s source is fraudulent. Correct me if I am wrong.
I'm also not sure if it was really illegal in their country or not, because to me its sounds like their country imposed a strict implementations of rules regarding the use and trade of cryptocurrency. There might be no arrest made on the spot maybe because that is part of the police officer's SOP. Them being taken into the police station might be good indicator that they'd most likely going to spend a jailtime for breaking the laws.
Nevertheless, this is a good reminder for those country who has strict rules against cryptocurrency. Governments are getting wiser now in terms of seizing all crypto assets as they are fully aware that nothing could stop someone from accessing their crypto assets even if they put a ban locally on all of the exchanges and crypto related websites.
I have not seen a situation whereby government attack traders in nigeria, theirs one popular Nigerian bitcoin trader called blord, government have tried to severally to arrest B.lord and they could not arrest him,even when economic financial crimes commission [Efcc] filed case against b.lord, the b.lord won them in court of law, nigeria government is not against whosoever that is into cryptocurrency trading, even some of the politicians is even saving their funds with cryptocurrency especially bitcoin
A person who does not have any illegal dealings will not be afraid to defend himself against allegations leveled against him by individuals or government. I followed the Blord trial closely, it took about four years for the trial to reach a verdict, the courted ruled that the crypto traded be compensated with a certain amount of money and all his properties returned to him. The men in the vehicle with OP were too scared to defend themselves, their inability to speak coherently gave the police the impression that they had something to hide. Nigeria can be a tough place especially for men, I never had to worry about police searches or anything like that.
Other than the fact the Blord has won a case against the Economic and Financial Crimes Commission (EFCC) of Nigeria, I'm not really familiar with it. But I suppose this man isn't small that he can easily be harassed by law enforcers. This is the big difference.
Here in my country, people are saying that if you're not involved in illegal transactions and isn't hiding anything you shouldn't be worried, but the truth is that if you're an ordinary person, you can easily be harassed, deprived of your rights and due process. And even if you aren't involved in illegal transactions, your funds could be easily and arbitrarily seized, accounts locked, and so on.
If you're an ordinary person and has Bitcoin and is confident about it because it didn't come from illegal transactions, the banks can still easily freeze your account and seize your money. But if you're a rich and respected individual who's involved in illegal businesses and mentioned Bitcoin in front of no less than the bank manager, there won't be any problem. You'll remain a valued client, with all the perks and privileges.
I have not seen a situation whereby government attack traders in nigeria, theirs one popular Nigerian bitcoin trader called blord, government have tried to severally to arrest B.lord and they could not arrest him,even when economic financial crimes commission [Efcc] filed case against b.lord, the b.lord won them in court of law, nigeria government is not against whosoever that is into cryptocurrency trading, even some of the politicians is even saving their funds with cryptocurrency especially bitcoin
The men in the vehicle with OP were too scared to defend themselves, their inability to speak coherently gave the police the impression that they had something to hide. Nigeria can be a tough place especially for men, I never had to worry about police searches or anything like that.
But it doesn’t sound illegal in your country because if it was, they should arrest you immediately they figure you have crypto assets. But from what I understand, they were asking about the source of the money just to confirm that it isn’t money laundering, etc. Also, you said they suspect a lot of boys to be fraudsters. They are also checking if many the fund’s source is fraudulent. Correct me if I am wrong.
You are on point with your assertion and I am sure this post is meant to be a reminder for us to be more vigilant in handling our crypto assets both in your country where BTC is legal tender or being regulated and not a crime versus mine where an incident like this may just yet become a daily occurrence for young boys without any legal means of earning but live lavish. Also even those who earn legally from BTC investments and trades and don't depend on the government for wages or aid are a target by not only the government police or policies but by kidnappers and thieves. Hence why this post is insightful and very valuable.
My country isn't that friendly toward Bitcoin either, but it isn't that antagonistic. Although statements were previously made by the central bank governor, for example, that Bitcoin doesn't have intrinsic value or that it is generally based on the greater fool theory, on the ground, it is quite different. There's no active crackdown on Bitcoin. People don't really care. You can talk about it openly, even to law enforcers, although it might be a different story when it comes to the banks.
Just recently, Binance was also banned from my country for operating without permission, but until now people are still using the platform. If they leave Binance, other centralized exchanges are openly operating so they can just jump to another exchange.
In general, the environment here is lenient with those who want to study, discuss, or even transact with Bitcoin. Our country has a Bitcoin island even.
Just recently, Binance was also banned from my country for operating without permission, but until now people are still using the platform. If they leave Binance, other centralized exchanges are openly operating so they can just jump to another exchange.
In general, the environment here is lenient with those who want to study, discuss, or even transact with Bitcoin. Our country has a Bitcoin island even.
But it doesn’t sound illegal in your country because if it was, they should arrest you immediately they figure you have crypto assets. But from what I understand, they were asking about the source of the money just to confirm that it isn’t money laundering, etc. Also, you said they suspect a lot of boys to be fraudsters. They are also checking if many the fund’s source is fraudulent. Correct me if I am wrong.
OP, this is very relatable and comes from the same country where cryptocurrency traders and investors are being suspected of doing some kind of online scam. Not just that, since the government is still having some issues with Binance and other CEX, it is not safe outside for us.
Although the problem we face is not just outside,. Even in my compound, where I stay, the looks from people show that they do not know the type of job i do, and they tell their kids to stay away from me. People ignore me like i am a terrorist, robber, or someone who is involved in one or more illegal activities. I do not care anymore so i just neglect whatever they think about me. This is why I will not teach anyone about bitcoin or how to invest in it.
Although the problem we face is not just outside,. Even in my compound, where I stay, the looks from people show that they do not know the type of job i do, and they tell their kids to stay away from me. People ignore me like i am a terrorist, robber, or someone who is involved in one or more illegal activities. I do not care anymore so i just neglect whatever they think about me. This is why I will not teach anyone about bitcoin or how to invest in it.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.
What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.
From my experience so far with such incident were policemen keep harassing people when they see such money and they want to take you to the station what they could do is to ask you to move those fund and convert them to Nigerian Naira and then send to them, with this if you don't know your right you will just be fooled and they can share your hard earned money with you.
Just like a case of police people invading into yahoo boys compound and when they entered inside his house they found about 100m stocked inside his waldrop and some inside ceiling it was during the interrogation he then opened up where he stocked those money.
But what happened is that he knows his right whereby he took the case to court claiming that the money was a contract money that he wants to use for a project that was awarded to him, after which those people men was asked to refund those money and there sack from being a NPF if I could recall correctly.
I thought as much, but that's bull shit. How on earth can the police even harass people publicly in such manners? First, they do an open search, like you said, and if the person is caught with some crypto in their wallet, they will be taken to the police station, and lastly, they will have to convert the individual's assets into theirs without any proper investigation to confirm that an individual is a scammer. The police are not supposed to convert the person's asset into theirs; the right thing to do is cease the individual's asset and properly investigate the matter, and once the person is found guilty, he should be handed over to the fraudulent department.
As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.
What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.
What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.
The antifreeze app is good. It can help hide apps you don't want people to see on your screen, but if a policeman sees it and knows how it works, he can launch the app, force you to do it or force stop and wipe the data, thus revealing your crypto apps.
A more cooler feature to protect you from police or law enforcement agencies is second space. It's like using a phone on an existing phone or should I say using 2 phones in 1 phone. It's password protected and can found in high end android phones like Samsung, Xaomi, Oppo, Miui etc.
To know about second space and how it works.
Along the way going a black cap men stopped us and wanting to search us after which they asked to unlock our device and so luckily I already hide my important app as my instinct leads me, but people around me that entered same vehicle(taxi) with me didn't do that and I noticed they have similar app on their iPhone so the policemen called to asked them about the Binance and other apps in their phone when they opened it they started questioning them about the funds inside and how did they manage to raise those funds although those young men weren't able to speak boldly and to defend themselves correctly and that was how they asked us to leave took them to station for further questioning.
Nigeria police and their misdirected search. They won't go after the big politicians who launder money by pretending they're trading these cryptos or who've boys who trade them on their behalf and leave helpless and unconnected youths alone. Wasn't it during the #endears protest that we saw Kucoin app on the PC of a minister in Nigeria and he was even on VPN at a time Twitter and cryptos were banned in the country. What came out of that exposure, nothing. It was swept under the carpet. Anyway, my advice to the youth is for them to know how not to expose their trading apps. If they've more than a phone, they can convert one to crypto phone and kept at home. As crypto users finding yourself in this milieu it's imperative you take your privacy to any trace of cryptocurrency seriously, if it's by freezing your phone when going out or having a different gadget that's not about your crypto business/trading/holding etc. I am sure with time the government will take cases like this seriously so as to fish out such corrupt officers from the streets.
Hiding crypto related apps aren't enough, you need to make sure you didn't leave any trace e.g. delete your browsing history, image related to crypto etc. Just think your cellphone must not have any trace with crypto.
Privacy is nothing in developing country, even a teacher or employer did that.
I don't think that's something that anyone should be experiencing because that's crime no matter how you look at it, they did some illegal searches on your phone which is considered a personal stuff so even if they're a police, there's no way that they're allowed to do that without a warrant. This kind of thing just makes me hate even more the profession of a police, there's no way that you'll have to overexert your power to the people that you're supposed to be protecting, makes me respect them less when they do this kind of thing.
Many people call it a bad apple, the problem is there are too many bad apples and we don't even know which one is bad apple and which one is not, so we judge every of them are bad apples. Privacy is nothing in developing country, even a teacher or employer did that.
First time I hear about this situation but yes it really helps to be more vigilant in asset management. I don't know what it's like in other countries, but such sudden inspection behavior in the place where I live can only be implicitly understood as thieves, and if one cannot resist, the decision OP mentioned is a violation careful.
Yep, in life there are countless unexpected situations and being prepared to face everything always helps us not to be surprised, but frankly, if I were in such a situation, I would not have any resistance.
The environment on each country is different, there are countries where the police has to follow very strict rules and any violation to those rules could get the police officers investigated or fired, but there are other countries in which the police is under no such constrictions and they can commit all kind of crimes and get away with them.Yep, in life there are countless unexpected situations and being prepared to face everything always helps us not to be surprised, but frankly, if I were in such a situation, I would not have any resistance.
And if you live in one of those countries then you need to take this into consideration when protecting your coins, so keeping banking or exchange apps on the smartphone you use for your everyday activities is a very bad idea, which could lead you to lose your coins or the money you have in your bank account.
I don't think that's something that anyone should be experiencing because that's crime no matter how you look at it, they did some illegal searches on your phone which is considered a personal stuff so even if they're a police, there's no way that they're allowed to do that without a warrant. This kind of thing just makes me hate even more the profession of a police, there's no way that you'll have to overexert your power to the people that you're supposed to be protecting, makes me respect them less when they do this kind of thing. Now that I've seen this happen to someone, I guess it's time for me to find a phone that hides my important apps in the case that this might happen to me although I wish it doesn't but with all this stuff happening to someone, I guess it's better to be safe than sorry.
It all happened yester-night; this happened yesterday night while going back to a place of work with my device as I was leaving something in me keeps telling me to freeze my important apps which includes my Binance app, Okx app, Electrum app and other digital asset app within my device was freezed and removed from my phone menu.
Before we fund our wallets with money, we must make back ups. We can fund it to our exchange account or non custodial wallets.With exchange accounts, in applications, we can not control our fund because we don't have private key, it is a first big risk.
Reminder: do not keep your money in online accounts
Now if we use non custodial wallet, we must consider to use open source one.
And we need to back up the wallet, use the backup to recover that wallet. If we recover it successfully from our wallet backup, we can start funding it.
How to backup a seed phrase.
I don't understand causes of your application freeze. What are reasons actually?
Having your important apps freeze doesn't make one safe from the embarrassment of the Nigerian police because they can somehow do the undo check your freeze app for those who have the idea of someone freezing their important apps in their phones or laptops.
I think the best way to escape all these unnecessary embarrassing moments of Nigeria police stopping you unexpectedly and going through your phone is to have a second phone that you will be going out with, that won't contain your important apps(If you can't afford another phone, make sure you log out your crypto account from all your important apps).
You can't have your account log in to your important and think that you are on the safe side(whereby you are not) because your important apps are been frozen.
I think the best way to escape all these unnecessary embarrassing moments of Nigeria police stopping you unexpectedly and going through your phone is to have a second phone that you will be going out with, that won't contain your important apps(If you can't afford another phone, make sure you log out your crypto account from all your important apps).
You can't have your account log in to your important and think that you are on the safe side(whereby you are not) because your important apps are been frozen.
Jump to: