Topic: Charles-Tim merit source application + Nigerian local board (Read 1346 times)

...the board lacks merit, you can check the local board monthly stats in my application. We Nigerians can do what is best for the board because it is more about what is pertaining to us and mostly visited by us.

Does the Nigerian Local board need more merits?

I support your request. Charles-Tim is among the consistent high rankie member that has being contributing to our local board in teaching us most things that we are confused on or don't have an idea of. I have always notice his activeness in technical support on the forum too. So I think that he should also be considered to be part of the forum merit source. Nigeria local board is also lacking merits because only CryptopreneuerBrainboss is our merit source and according to our discussion, I think that the merits are small in number.

This will reduce the chance of you being a LB Merit source as English still accounts for a good proportion of the posts plus there are many higher ranking members who can speak Pigin.

I don't know if this is the reason why there is no mod for Nigeria (Naija) LB.

Most people chose English and Pigin.
Pidgin is widely spoken among illiterates that do not understand English, but later more literates also like to speak it.
All of us on the forum are literates and we understand both. So most likely the reason almost everyone voted for English and Pidgin.

speak in common known as the "Nigerian Pidgin English", which is a combination of normal English and our Nigerian dialect/slang. Which is the reason why you happen to come across pure English on our local board, as it's also acceptable.
So I hope you understand now??

I do not want to create another thread for merit source application for local board, this is the reason I am posting about it on the thread that I have used to apply for merit source before.

I am applying for merit source for Nigeria (Naija) local board.

I do not want to create another thread for merit source application for local board, this is the reason I am posting about it on the thread that I have used to apply for merit source before.

I am applying for merit source for Nigeria (Naija) local board.

EDIT:
Sorry to be off-topic, I checked some of the posts in that local board, and why do some account there speak using English?

Sorry to be off-topic, I checked some of the posts in that local board, and why do some account there speak using English?

EDIT:
Sorry to be off-topic, I checked some of the posts in that local board, and why do some account there speak using English?

You are absolutely right, but because I have applied before and also because I have posted it on this thread, I will not want to create a new thread for it. I think The Sceptical Chymist is very right as well. Let us leave it on this thread, but I will try my best to make it visible that I also applied for Nigerian merit source. I have edited the title already. I have also edited the OP to begin with the link for my my local board merit source application.

Is there any information, on how many merit sources are active in Nigerian local?

I am of the opinion that the only obstacle standing between you and merit source status can be if the Nigerian local board already has enough merit source members.

Is there any information, on how many merit sources are active in Nigerian local?

You are absolutely right, but because I have applied before and also because I have posted it on this thread, I will not want to create a new thread for it. I think The Sceptical Chymist is very right as well. Let us leave it on this thread, but I will try my best to make it visible that I also applied for Nigerian merit source. I have edited the title already. I have also edited the OP to begin with the link for my my local board merit source application.

Theymos mightn't be willing to add new source to the general forum but will obviously consider to add a new source to the Nigeria board so make that known Charles-Tim and don't hide it.

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I can't even remember the last time Theymos spoke about the merit system in a thread.

There's no reason for Charles-Tim to create two separate merit source application threads, regardless of whether you or he wants to emphasize the fact that he'll be acting as one of the Nigerian board sources.  If Theymos has read this thread (and I'm guessing he has and probably is still following it), he'll know what the deal is.  

Create a new one with focused on the Nigerian board (that's move your new application to a new thread and lock this one). I won't have noticed you applied to be a source if I wasn't quoted.

while some who enevr even applied became merit sources.

I don't think that theymos cares about which rank potential merit source sends merit to, but rather to what kind of posts he merits. At least I like to think that.

Nope, not everyone who applied became a merit source as there are bunch of users who submitted their applications years ago and were skipped when theymos introduced new merit sources back in 2021, while some who enevr even applied became merit sources.

My guess is probably right - theymos want a merit source that tends to help lower ranked communities that have quality posts versus focusing on distributing merit to highly reputable users most of whom are merit sources.

Every user who applies becomes a merit source

Every time I post in one of these application threads (and I've already posted in this one), I wonder what Theymos's plans are as far as adding new merit sources, whether he thinks there's enough merits circulating, and basically what's on his mind with respect to the merit system in general.

If I want to be a merit source, I want to have a responsibility to distribute merits to quality posts on this forum. If people send me merits, I can decide to send all to only one person or anyone that I like. I can even decide to hoard it. That is the difference.

Theymos needs merit sources that can send merit to quality posts (be it low rank or high rank). If the way I merit people now make you think I will not focus on low rank members, your assumption is completely wrong.

I do not want to create another thread for merit source application for local board, this is the reason I am posting about it on the thread that I have used to apply for merit source before.

I am applying for merit source for Nigeria (Naija) local board.

If I want to be a merit source, I want to have a responsibility to distribute merits to quality posts on this forum. If people send me merits, I can decide to send all to only one person or anyone that I like. I can even decide to hoard it. That is the difference.

Theymos needs merit sources that can send merit to quality posts (be it low rank or high rank). If the way I merit people now make you think I will not focus on low rank members, your assumption is completely wrong.

I think there are several criteria that theymos expect before he makes someone into a new merit source. I'll admit that Charles-Tim fits that criteria - but his habit of tending to distribute merit among familiar users with good reputations probably didn't really help the community get more merit flowing among lower ranked users. But honestly that's not the case - especially since anyone can send merit to anyone regardless of rank.

I think there are several criteria that theymos expect before he makes someone into a new merit source. I'll admit that Charles-Tim fits that criteria - but his habit of tending to distribute merit among familiar users with good reputations probably didn't really help the community get more merit flowing among lower ranked users.

My guess is probably right - theymos want a merit source that tends to help lower ranked communities that have quality posts versus focusing on distributing merit to highly reputable users most of whom are merit sources.

Every time I post in one of these application threads (and I've already posted in this one), I wonder what Theymos's plans are as far as adding new merit sources, whether he thinks there's enough merits circulating, and basically what's on his mind with respect to the merit system in general.

I see your initial merit source application hasn't been accepted by Theymos just yet, but i think you have a stronger case here, since our local board is somewhat new and undermerited, giving us a merit source might be something Theymos will consider doing. Goodluck with your application and i'm certain you'll make a good merit source when accepted.

I am applying for merit source for Nigeria (Naija) local board.

You will be surprised by this stat from Rikafip:
..

I’m not sure about the employment status before the person can pay back the loan but the repayment of the loan will commence two years after NYSC. I just hope employment is readily available for such graduates within the two years after NYSC, so that they can pay back on time and the process remains swift for the betterment of all Nigerian students.


Before the bill was being passed it must have a passed a lot of scrutiny by top officials and the president  is already briefed and aware of how it will be executed, I hope the process doesn’t favour the elites only. Part of the process of acquiring the loan is that the student must not have being convicted for any drug related offences, not engaged in dishonesty or fraud, not caught engaging in examinations malpractices in school or in the past, also if they or the parents have not defaulted in any loan in the past. If this process is followed strictly, then we’ll get some level of transparency in the whole process.

Clearity on the Binance saga.

I have been seeing various comments and happened to come across this topic, on how the lawsuit against Binance U.S. is affecting operation/service in our region.
The truth is, the SEC in Nigeria investigated Binance NG Ltd and discovered it isn't a subsidiary of the main Binance, but a name registered in hopes that Binance would come to the country.

Here's a snippet of my findings from Mariblock website:

This is just the SEC warning anyone within this region to be careful about investing in cryptocurrency because of the risks involved, mostly for those who have little knowledge about the subject matter. The SEC isn't against the idea of decentralization, but hopes to help protect the funds and data of its citizenry from hackers, scammers, fake exchanges with questionable operation, by collaborating with other regulators within the country to offer guidance as necessary.

https://www.mariblock.com/nigeria-sec-warns-against-binance/

I was greeted with one of the most relieving news of the year today "The limit on the domiciliary account has been lifted." No doubt that cryptocurrency has helped in place of a domiciliary account for cross-border payments, but certainly not in the area of savings in the USD with confidence, that's at least for me as the security of my money is important.

The limit restriction introduced by Emefiele's CBN in May 2021 must surely affect those of us that have been saving in dollars before cryptocurrency. This savings approach is good since it doesn't devalue our money and we also get to gain through it, and also with the hope that we can send our money anywhere in the world if need be. But suddenly, Emefiele made sure that our savings could not be transferred abroad anymore if sorted at home or use as we like, he scattered the whole process.

With this news, it shows that the new CBN acting head seems to know where some of Nigeria's problems lie. Causing more hardship is not the economic solution but allowing the market flows freely after making positive policies is. This restriction removal means that I can save and use my dollar like before.

You can try this too as a good option for saving in fiat.

Besides, another pressing issue that needs major attention by the CBN is that of the Naira debit and credit cards. These cards are now worthless in Nigeria, but all were working in cross-border swapping arrangements before Emefiele restricted them and caused more hardship for Nigerians in payments, especially where cryptocurrencies are not accepted.

People now use either third parties for payments of something that supposes to be private, and as such, pay more, or are forced to use the dollar version of the cards which goes with more issuance and maintenance fees thereby enriching the banks more.

It will be a great relief if the CBN could do this for Nigerians. They don't have an excuse anymore after removing the fuel subsidy.

Phishing scam no be today e don dey, it been long this type of scam has been existing but there have been another dimensional rise on how different people clone website to scam people. One of my friend been inform me until I tested it out and as crypto people like to they use Opay make payment because of the free transaction and charges, na him I say make I share this new scam update wey boys they use scam people.

Scammers don they clone website wey dy be like original website but in the real sense, no be the real one, no be only for a particular payment platform, na across all but the one wey I see na Opay. The scammers clone a similar website wey be like say na OPAY but if you are use to the original platform, you go know say no be true but some people wey no sabi the difference  betweeb the original and the fake they fall for them.

One of the Opay scam website wey I came across name na: https://ngwebsite.buzz/
Original Opay website for login na: https://open.opayweb.com/
If you do comparison between the images, differences clear between them.



This one, na the original website of Opay payment platform be this and from the look of the design, e clear but that one no mean say another scammer no fit do this perfect job, just dy at at aleart before you login.




This one na the scammer screenshot from image be this, e dy slightly different from the original Opay website but the scammer do am in a way wey person wey no eye clear go fall for am, because he will ask for a mobile number and password which from his back end, him go copy and come use am for the real app and the funny thing be say, e go behave like say you dy Opay true true, it will request for the OTP which he go dun request from him end and meanwhile you don't know that he is the one that requested for it and that is how they will have access to your account balance.



I test run one fake number and 6 random numbers as password and na wetin the website request be this, they will ask for you for OTP after you input your login details(mobile number and password) and the scammer used it on his end to request for OTP and that is how scammer go enter your account.

Key things to they observe from this payment platforms so as not to fall victim:
1) Always login on the app downloaded from the playstore or Apple store, them fit clone another fake app too but do well, to detect the original easy.
2) Always avoid unnecessary links
3) The website links they get funny funy domains like .buzz, .game, .fun, .money. You know why because to register these kind domain no dy cost and e cheap to maintain like the .com and most like fit no they available for purchase and if e dy, e go cost for them
4)Avoid to they enter giveaway places, na from there them dy drop this fake links and website for people to enter.
5) Know that this is not limited to only Opay, e they happen to all other digital banking platforms like Kuda, Palmpay and many others.

As much as CBN and the banking sector don try to push the cashless banking narrative for several years now, using cash is still inevitable and we been see the hardship wey been dey during that election time wey naira been scarce. If we go back to that situation again, other people will take advantage of the situation for personal gain again. Right now, not even cities are ready to fully embrace cashless policies and our banking system still need more work for instance, sometimes, you might want to make a payment and the bank app no go work because of network issue with bank. Sometimes, POS terminals suffer from this too and that thing dey really affect the user experience of using these cashless alternatives leading to inconvenience.

But if them improve these services and push for more adoption of cashless policies before enforcing mandatory naira scarcity like CBN been do for February time, then e no go dey as bad as e been dey. But doing that without improving the core infrastructure that powers alternative (cashless alternatives) dey bad. Where I been dey for school, one time, I been wan pay bike, no cash. Bikeman no fit take transfer because their bank get network issue.

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I go like fit use my naira cards to pay for goods and services outside the Nigeria jurisdiction. I don tire to give my BVN and ID docs to these third party card service providers because them wan fulfil KYC/AML requirements. If govt can make our cards work again now USD is unified across the board, na good deal IMO.

Commot all the formalities, we dey Nigeria and na we know how the matta be and if you haven't be harassed you no go understand the pressure wey you go dey feel at that very moment. Before using trading has always been the way out of this harassment but this days dat one no go sell again because every yahoo buy claims to be a bitcoin vendor or trader but when further investigation is been carried out, they'll later discover that he was lying as they find things that implicates him as a fraudster. Things like clients information in regards to their maga wey dem dey scam so using a trader can bring more aggression towards you and might make them beat you up.

The simplest thing to do na to tell them you be freelancer (or you work remotely online) to go further you fit tell them you're an online marketer because that's what most of us are that are enrolled in a signature campaign. This platforms dem wey they hire you make you advertise for them for the forum as you dey wear their ads so na marketing you dey do for them so you're an online marketer. Telling an authority officers that you write on a forum and get paid might sound like a lie and before you get the opportunity to explain further, slap fit dun land you for face and by that time to dey explain go just tire you. Use big worlds instead of trying to make them understand what you do, so them go give you the opportunity to explain.

Binance way be 1 of the big exchange way most of us way be Africans they use Nigeria to be precise. Dre dedicated app for Africans way dem call bundle don dy active 4  some yrs now and dem self confirm am say dem really get massive download from we way be Nigerians.

Today I receive email from dem
Source: Email &  bundle site

Any body way get funds for d exchange, make him/her rush go withdraw am to another place way go dy safe for am b4 dem go finally restrict the withdrawal were Pesin go come need to fill form b4 dem go mke withdrawal. Diz bundle really dy help people exchange dre Crypto to Naira without stress. I say make I update onah, Incase who dy use d app also dy here 4 diz our local board.

Me I no go follow praise dem, I dey the exchange business so anytime wey you see an exchangers allow you to sell but not buy just know say dem get market elsewhere wey dem go cashout majorly from buying your dollars at a very cheap rate (although I never know the rate dem dey buy) but just know say higher market dey elsewhere so while una dey see am as good thing wey dem dey do. Na better market dem dey open so and before people begin dey realized wetin dey sup GTB (abi wetin dem dey all their self now because I hear say dem dun change name) go dun make better block. Why dem no allow us covert Naira to dollars that's because dem no value to hold Naira na only dollars dem wan dey buy.

To make you understand better, you go see many vendor willing to buy your BTC but not many willing to sell BTC to you. This one na personal vendors matta oh no be exchange matter. If any bank wey do this kind thing make dem make am wey be say you fit buy and sell and not only one way thing. Dollars still never dey everywhere and no wonder dey wan make una give them the dollars make dem give you Naira wey who knows what next will happen to it as e fit just crash down totally as people dun dey doubt tinubu government as e just belike him wan just reward only those wey work for am to enter office and not using those that are trustworthy and competent.

You mentioned "Internet banking" and here you come again mentioning "save people from fake dollar", please  are those not two different things? Because since you just said they haven't started offering their Naira to Dollar conversation, I don't see anyhow this will save people from fake dollar, since what is been done is digital banking  (i.e changing of Dollar to Naira digitally & not physically "cash"). Or abi do we have fake digital dollar? Because by that statement "internet banking", it totally excludes physical cash, which is where fake dollars come into play.

But shah, na still better update, and eh go really make sense if they fit allow am dey vice versa.

Charles-Tim earned 1649 merit and sent 791 smerit,
1649/2 = 824 smerit,
824-791 = 33 smerit ,
He owns 33 smerit, it should be able to send merit for those posts. However, only a few posts he sent merit. therefore admin won't receive the application yet.

This is a nice suggestion. Although, it is actually more than 10, there are some that were from the same threads which I included as one and also the ones I saw in scam accusation are many which I included as one, and yet there are still many more I have but did not include when I noticed the OP was getting too bulky.

Suggestion; OP how about meriting those posts you mentioned as under merited (talking about your 10 quoted posts) since you have received more smerits .

Suggestion; OP how about meriting those posts you mentioned as under merited (talking about your 10 quoted posts) since you have received more smerits .

He owns 33 smerit, it should be able to send merit for those posts. However, only a few posts he sent merit. therefore admin won't receive the application yet.

Charles-Tim earned 1649 merit and sent 791 smerit,
1649/2 = 824 smerit,
824-791 = 33 smerit ,
He owns 33 smerit, it should be able to send merit for those posts. However, only a few posts he sent merit. therefore admin won't receive the application yet.

But of course, even merit sources also run out of merits too.

There are times I am left with 0 smerits, but recently having more than usual just because of the merits I received today, but the point is there are some quality posts that I will wish to merit but not having enough merits. Also, the main reason I request for this is because I am very active on this forum, I visit this forum frequently and such person will be able to do the work of merit source as I believe people welcome this with the quality posts I have contributed on this forum.

Lol, does this happen to you with all the merit you earn?

I would had sent you sum of merit to help you with your meriting but that I don't have, so take my 1merit as a support to your application.

In regards to appointment of new sources, don't think that'll be happening anytime soon but when it does happen I hope to see your name on the unofficial list as a merit source.

The most important criteria for a good merit source is how frequently they rotate their source merits across the forum boards and sub boards

Still have to fight hard to get 1000, but for sure I have to fight boredom and maintain consistency and improve the quality of my next post.

The most important criteria for a good merit source is how frequently they rotate their source merits across the forum boards and sub boards

Maybe the timing isn't the best because new merit sources were appointed about a month ago

That's not the main criteria buddy, theymos don't mind you been focused just on one board but provided you can assure him of meriting (only) quality posts when you encounter them, you'll be given a slot.

The most important criteria for a good merit source is how frequently they rotate their source merits across the forum boards and sub boards,

If you want to be a merit source:

 1. Be a somewhat established member.
 2. Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.

3. We will take a look at your history and maybe make you a source.

Since you are a merit contributor (not a merit source), you have send 757 merit and that is about 95% of the total you receive. But there's something less fun here if I review where your sMerit went. Based on the data found from the merit dashboard, ±54% of your sMerit goes to Legendary rank, 26% to Hero, 14% to Senior, 0.7% to full member, 3.7% to member and the rest to Jr. and newbie members.

<…>

All I can still prefer is to be a merit source so I will be able to have enough smerits all month long that I can send to the posts that are worth it. You too can try to become an established member on this forum and request for merit source.

Lol, does this happen to you with all the merit you earn?

It used to happen to me before and it still happens to me but less frequently because I earn merits more often, but I have seen that you spend a lot of time in the forum and you write much more than the post requirements of the signature campaign, so I support your application.

From the data above I assume that if you want to contribute to the community, then you should not continue to accumulate your sMerit at high rankings like Legendary or Hero. That won't help the merit system work well even though by nature high rankers are better able to post with better quality than low ranked users. But because the merit system is not moderated, you are free to do whatever you want with it.

While we will not be directly moderating this, I encourage people to give merit to posts that are objectively high-quality, not just posts that you agree with.

All I noticed was/is that there are more posts I needed to merit but I do not have the privilege to merit such posts because each 2 merit received will only generate only one smerit...

Since you are a merit contributor (not a merit source), you have send 757 merit and that is about 95% of the total you receive. But there's something less fun here if I review where your sMerit went. Based on the data found from the merit dashboard, ±54% of your sMerit goes to Legendary rank, 26% to Hero, 14% to Senior, 0.7% to full member, 3.7% to member and the rest to Jr. and newbie members.

From the data above I assume that if you want to contribute to the community, then you should not continue to accumulate your sMerit at high rankings like Legendary or Hero.

I believe Charles-Tim will be a great merit source, as he is already a great forum contributor.

Since you are a merit contributor (not a merit source), you have send 757 merit and that is about 95% of the total you receive. But there's something less fun here if I review where your sMerit went. Based on the data found from the merit dashboard, ±54% of your sMerit goes to Legendary rank, 26% to Hero, 14% to Senior, 0.7% to full member, 3.7% to member and the rest to Jr. and newbie members.

From the data above I assume that if you want to contribute to the community, then you should not continue to accumulate your sMerit at high rankings like Legendary or Hero. That won't help the merit system work well even though by nature high rankers are better able to post with better quality than low ranked users. But because the merit system is not moderated, you are free to do whatever you want with it.

Since you are a merit contributor (not a merit source), you have send 757 merit and that is about 95% of the total you receive. But there's something less fun here if I review where your sMerit went. Based on the data found from the merit dashboard, ±54% of your sMerit goes to Legendary rank, 26% to Hero, 14% to Senior, 0.7% to full member, 3.7% to member and the rest to Jr. and newbie members.

Apart from that from other data I can also say that you have sent back almost 100% of the sMerit you got from some users who sent you merit. I don't think it really helps the community with the merit system because generally you send sMerit to users who give you merit. here's the image.

Charles-Tim, I'm sorry and I hope you understand what I mean by saying this and don't take this as a personal attack.

I thought I would post some details of my system for storing, securing and protecting
my valuables primarily in the event of fire.

I use a product from Master Lock > https://www.masterlock.eu  its a Fire and Flood security chest,
they have a number of products in the range at very reasonable prices, some priced
less than a Ledger or Trezor hardware wallet. This gives another layer of protection
from fire and flood damage.

For example here is a link to one on Amazon.co.uk > https://www.amazon.co.uk/Master-Lock-LCHW20101-LCHW20101-Electronics/dp/B0158OFGPQ/ref=asc_df_B0158OFGPQ/?tag=googshopuk-21&linkCode=df0&hvadid=223170773229&hvpos=&hvnetw=g&hvrand=4529055444014000040&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=20480&hvtargid=pla-423058341115&psc=1&th=1&psc=1

For security against theft it is not suitable as they are portable, heavy but portable.
The model I use is the https://www.masterlock.eu/home-personal/product/LCHW20101



What do I store in it?

Well up to 7.8 Litres in volume of items such as:
Important Documents: Insurance documents, Birth certificates, Copies of Drivers License, Bank account details
Electronics: Hardware wallets, Encrypted USB drives
Edit - Valuables: Jewellery, Gold, Silver, Cash, Etc.






More of Master Lock's products > https://www.masterlock.eu/home-personal/product-search/storage-security/Fire+%26+Water+Resistant+Security+Chests?environment=Indoors&keyed=Keyed

There's a workaround but it's not newbie friendly.

@AndresAA90 Yes, but you have to load the RAW transactions manually to Electrum so that you can use them as inputs to create a transaction while offline.
The tiring part is finding your wallet's unspent outputs (if you have many) and the troublesome part is getting their "RAW transaction" data.

He's an example workflow (some steps can be done in variety of ways):

• Let's say Electrum is offline, so when you restored your wallets the transaction history is empty.
• Now, enable "Address" and "Console" tab, you need to generate more addresses to a quantity based from your past transaction history.
  So, in the 'console' tab, type [wallet.create_new_address(False) for i in range(100)] and [wallet.create_new_address(True) for i in range(50)]
  The former is for your "receiving addresses" and the later is for the "change addresses", change 100 and 50 depending on how many addresses you think you've used.
• Go to Address tab and find a way to check the addresses' balances (eg. a blockexplorer), then take note of the TXIDs that contain your addresses as output that's still unspent.
• Find a way to get the "RAW Transaction" of the TXIDs that you've noted, (one example is to use a service like https://chainquery.com/bitcoin-cli/getrawtransaction)
• Back to Electrum, use the menu: "Tools->Load Transaction from text", paste one RAW transaction, click "Load" and then "Save"
  Note: "Save" wont be available if the transaction isn't related to the wallet or the address isn't generated yet; if it's the latter: generate more addresses.
  Do that to all of the RAW Transactions in your note one by one.
• Lastly you can now create an offline transaction and broadcast it using other wallets/service.
  If it's rejected when broadcast, you must have likely included a "spent output" in the mix (remove it/those from the history and create a transaction again).

Nigerians, our mumu never too much?

First, it was MMM, the frauds company that made many cried, they vowed never to look into an online investment again, many lost homes, students dropped out of school due to financial instability and being unable to meet the school fees deadline, some lost jobs, and some were arrested due to loan defaults. We all assumed it was the end, but we had no idea it was the start of a Ponzi investment in our beloved country. MMM fraud techniques gave birth to a plethora of types of online investing, including the popular 10k and earn back 40k in 24 hours scams, which have never ceased despite several warnings from central banks and financial authorities.

Is it really fair to criticize celebrities for using their celebrity to mislead their fans into believing they can make a fortune overnight? Celebrities have a lot of power and play a lot of roles, but their personalities don't impact me in any way; they're just like regular people like me; the only difference is the part we all play in society, and because they're more valued than me, they'll always receive the attention. I'm sure the smart ones here would rather have Satoshi as a role model than any other influencer if he or she could be seen or touched.
Nigerians have evolved to prefer investments that originate from the mouths of celebrities. This is why they always have a lot of attention from the public since they don't have enough stuff to keep their followers on track, which raised the question of whether the central bank would interfere or continue to observe. Last year was the year of wazobia investment and Raskerly, I tried everything in my power to convince some of my scumbags friends well known for gambling to let go of this scheme but everything I did in my power to bring them to the limelight of crypto was futile until the company closed down, they were doomed for life because of mere celebrities.

Yesterday, I came across a discussion on Naija's largest forum, Nairaland, and a topic sparked my curiosity about how Twitter was trending with Eatrich on how they failed to remit billions to investors, and I attempted to investigate where it all originated, and lo and behold, celebs, I wasn't disappointed.
The SEC is monitoring and doing nothing to arrest these fraudsters, but they won't wait a second when they hear crypto in their ears, they don't want to securely invest in cryptocurrency, and they won't let the young use cryptocurrency freely. It's out of control, and the central bank is more concerned about the E-Naira.



Only an idiot would guarantee a % ROI in a short length of time; Nigerians are intelligent, but I'm not sure about this one.



Source: Eatrich-investment-fails-pay-billions


Make I yarn una something weh happen to my cousin sister  

Last week, my cousin sister's Facebook account was compromised; I'm not quite certain how they did it, but her friend account was first hacked, and then they chatted her to invest on investment normally the doubling schemes, thinking it was her friend who was trying to help her out with a sweet investment, and I was disappointed that she transferred 20k X5 and 5k a single time making a total of #105k and I was highly disappointed how they cheaply sweep her account. She contacted me to ask for my assistance in recovering her money from the fraudsters. Then I called my pals, who advised me to go to the scammer bank, Access Bank but that was another story, you know how we dy do things na  

When I arrived at the bank, I filed a complaint with customer service, and she informed me that the owner of the account must file a complaint with proof of transaction, and after that, we must go to court to obtain an official letter to be presented to the bank before they can freeze the scammer's account. When she heard that, she gave up, knowing that the anguish she would experience would cost her money.
This scammer did not stop with her; he utilized her account to contact other of her Facebook friends in order to trap other naive Nigerians, and it tears my heart that nothing was done.  

With the way things are going, I believe the scammers are aware that banks will not do anything to them even if they find out, except when a scammer wants to swindle another scammer, and I grieve for our beautiful nation.
I advise her that the next time she should invest in crypto rather than do quick money, and for Nigerians, I hope we realize that Bitcoin is the only thing you need, not some celebrity's counsel who is suffering on show business check.

Nigerians must wake up because mumu don too much.

What Happened: This website is looking like fake Binance exchange and they are sending messages to people to register and get free bitcoins.
They say that they are located in Australia but this is not a real exchange so don't register and don't send any coins there if you don't want to get scammed.

Archive: https://web.archive.org/web/20210908081146/https://achillescoins.com/

Not sure if this has been shared here,


https://www.bleepingcomputer.com/news/security/fake-opensea-support-staff-are-stealing-cryptowallets-and-nfts/

Actually one user has already fallen for this trick a total of 4.5 ETH and more.



https://twitter.com/_jeffnicholas_/status/1430046727843717125

Just not NFT's, but everything that involves crypto and you need help, don't panic and take a deep breath. Because once you don't think logically, you will fall for the scammers trip, like giving you sense of security that they will help you.

It's no wonder that many will infiltrate Discord if users need support but surely scamers will offer themselves normally via PM and here we don't need to panic and never ask for help referring to PM first, cases like this do happen a lot.

It's a shame for someone who has lost his assets at Opensea maybe this is because of his carelessness.

Here I found a familiar opensea phishing site with the same script.

See below.

Phishing OpenSea

Website:
Archived: https://archive.ph/6WeUC

To be honest, I wouldn't believe them and I wouldn’t send money there.
they do not offer much information, about the platform, about the team... There is almost no information about who is behind. The possibility to contact them is only through email ([email protected]). Using Gmail, a free service and not from its own domain seems a little unprofessional.
The domain is only 57 days old, therefore a relatively new service and there is still not much feedbacks. https://whois.domaintools.com/iexwls.com


the first short search on the web about this site offered me this result https://www.forexbrokerz.com/brokers/iexs-review


so here there is always a serious possibility that they will close the business overnight or be closed by the authorities. I wouldn't risk money here for sure.

edit: Now I look a little bit more carefully, it is very possible that iexwls.com trying to clone iexs.com, there are a lot of similarities, logo etc ...
it’s even worse because they take the business model from an extremely dubious platform.

Description:
The following project claims to be an officially registered company in the UK and trying to tempt people by offering hype investment plans from 1.17 percent hourly to 1600 percent profits after 15 days. Also, they offer 2 to 7 percent referral commissions to the people who invite other users into this trap.







Reference Link:
Hourbolt.com

WhoIs info:
https://whois.domaintools.com/Hourbolt.com
Created on 2021-08-18
Expires on 2022-08-18
Updated on 0000-12-31

Payment Method:
Bitcoin, Litecoin, Ethereum...

Archive:
https://archive.is/YxJoM

Additional Notes:
In order to take down this project please report the website to their registrar (In this case NameCheap). Here is a little guide about how to report the scammers to their registrar: https://bitcointalksearch.org/topic/how-to-report-the-scammers-to-registrar-5281378

I think every one of us knows about the trading signal group. But are we aware of the trap of signal groups? How do they scam us? Although they aren't scamming you directly like a Ponzi scheme. But self-consciously we are handover our funds to them. Let's explain it shortly.

First of all, each paid signals group has a free signal group where they will share a few free signals and post a few news updates. Most paid signals channels are just a group of candidates. Before they share a free signal on the free signal group they post it in the paid signal group. As a result, the signaled coin pump for a few minutes. Once they share that signal in the free group the free subscriber thinks they could gain if they join in paid signal groups. Actually due to sharing the same signal in many paid groups a coin pump for a few minutes since they are a group of candidates. That's how signal providers always motivate their free subscribers to buy paid signals. But eventually, the signal buyer realizes that they just scammed.

So guys don't fall into the trading signal trap. I would like just to encourage you to get updates from their free signal groups. Don't trade just based on their signals. I know a few signals sometimes gain, but you wouldn't be lucky enough to enter at the right time. Don't lose your fund with the signal trap.

Better, black should be called black and not not black-ish, initially when I read your post on you saying 'you encourage update to be taken form free group' without second thought the message any newbie reading this will be getting is that, free signal groups are ok to join which isn't true. It doesn't matter what the statue of the group is be it paid or not, they're all basically doing the same thing.

The only advantage the paid groups get is that, they get the updates beforw the free groups gets it, which might giive them better advantage to profit from the pumps and dumps the groups engaging themselves in with disguise of actually trading. If you what update on development and news regarding the industry, we have news outlets that those that and you can follow without having to join signals groups. They'll just decieve you and sooner or later you'll be tempted to give them your money to join their so called paid groups due to the false testimony you'll be seeing.

Prevention is better than cure, avoiding all groups is the best method. Even the so called trading groups where initially was just meant to be a common ground for traders has now been highjacked by shillers, shilling worthless crabs for their selfish benefits.

The young president of El Salvador, Nayib Bukele are taking on the giants with this decision, because the money transmitters and the Banks are furious about this decision. (They are losing millions of Dollars in money transfer fees)

Now the IMF loans to his country might be in jeopardy, because all these Banks work together to force 3rd world countries to bend the knee before them.  https://www.reuters.com/business/finance/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07/

"The World Bank reiterated on Tuesday it could not help El Salvador in adopting bitcoin "given environmental and transparency shortcomings," a bank spokesperson said....

You probably meant merchants, not customer as those have already made their choice.



Yes, it's mandatory and all the receive/keep is just mumbo jumbo trying to paint an excuse on forcing somebody to do a thing while claiming they have the liberty of choice.

You have to accept bitcoin payments, that's the end of it, a business that was before only cash, no cc, no cheques nothing suddenly is forced to accept payment and deal with both crypto and digital fiat, as they will have to go through the government rules to withdraw the converted fiat, even if they stay don't choose the bitcoin option. This unless this magical conversion tool somehow prints paper money out of your phone.

I think it can be easily solved with a sticker... "we accept Bitcoin or just dollars here"!

Some people can complain as long as they want, but the reality is clear, more options is always better! Open-minded people understand this, and I believe that nobody is forcing El Salvadorians to use Bitcoin, but the ones who have it and use it will now have a chance to pay directly with BTC in many stores, shops, or for whatever!
So if some shop, store, or anything doesn't wish to accept Bitcoins will probably lose customers, the ones who are ready to adapt will attract people from both worlds and they will have higher traffic, meaning higher profits!

Bad luck in the start, as I read they have problems with Chivo wallet, the explanation is due to server capacity increase... they promised it will be fixed quickly! An interesting thing, even their prime minister was giving tutorials to people who wanted to learn about it!

From the article you've quoted:


Definitely interesting,but no, thank you!
$130k for an apartment of 90mp2 in what googles tells me is a safe zone in El Salvador doesn't sound like a bargain to me.

Sounds on par with the medium zones from Eastern Europe.

They were using USD as the major currency for all the trades and was accepted in the country or in other words we can say that US dollar was dominating the country when it opted for it's usage and due to all the trade restrictions and hinderances the El Salvador government took the visionary decision to legalize the bitcoin in country.


This was given as options to people to just lock the 3 bitcoins with the government and they become eligible for the residents status in El Salvador as move to promote crypto entrepreneurs and boost the economy and this was tweeted by the President Nayib Bukele:



There are some who doesn't want to be part of this legal enforcement of bitcoin and that's why we see some protest against them in the country but later on they would be the one appraising the government policy but at this time many small merchant have the issue of bitcoin like fees which is most probably solved by LN wallets and they find it easy to have fiat payment over maintenance of wallets and keeping up the btc but as the government is giving them options to hold bitcoin or fiat is good decision as well.But the customers are free and they have to accept Bitcoin if they want it or not and later on convert them to USD as it's the legal fiat of the country.Soon they will not feel agitated with all this and might find btc as best option.

They handled it terribly. They tried to play it down and didn't know what to do. They failed their customers because they couldn't protect their data.

But Trezor isn't innocent either. All hardware wallets have flaws. Trezor wallets have a seed extraction vulnerability that can't be fixed. It's a design flaw. It can only be mitigated with a strong passphrase or saving a code on a SD card. When those vulnerabilities became known, Trezor didn't to the right thing either. The right thing would have been to admit the design flaw, instruct their users to add an additional layer of security (passphrase), and explain the issues of the seed extraction problem in their instructions manual that comes with their devices.

All companies in all spheres of life are interested in protecting their business first and foremost. Trezor and Ledger are no different. Even if it means taking a piss at their customers. It's time people understand that.

Despite the way Ledger handled privacy concerns, the security of their wallets isn't affected. The privacy of their users is.
And despite Trezor's design flaw, they remain one of the best wallets in this niche. Both are still recommended purchases, although I would personally go for the Nano S over the Nano X for several reasons. dkbit98 mentioned the battery problems, so there is one.

If I personally had to select between a Ledger and Trezor right now, knowing everything I know today, I would pick the Trezor T. Hopefully with a discount code.    

You can get tables for Bitcoin, Ethereum

Bitcoin: https://cryptorank.io/price/bitcoin
Ethereum: https://cryptorank.io/price/ethereum

You can get more table for other altcoins. Cryptorank.io announcement tweet: https://twitter.com/CryptoRank_io/status/1423363809545265159

Monthly Return Tables are great because they give you good overview about cryptocurrency changes with months. However, you should not obsess with tables and make your investment decisions only based on those tables. From overview, you must do your own research and look for more details.

Cryptorank.io provide Quarterly Return Tables as well.

That is the whole truth, or at least the most important thing if we want to give an answer to the question asked. We just need to look at examples of other countries where either there is high corruption, or where the level of human rights is very low or practically non-existent. I am thinking here first of all of China, India, and Russia as obvious examples of a total or partial ban on anything related to cryptocurrencies - and Nigeria is clearly not lagging behind them when it comes to anti-crypto attitudes and laws.

One of the most effective ways to control people is through money, because we all depend on it in everyday life - so although it is less pronounced in rich countries, people in poor countries are looking for a way to live better, and Bitcoin allows them to do so.

---

I live within the EU in a small country that is also highly corrupt (former prime minister in prison), and 80% of all ministers from the last government convocation had to resign due to corruption scandals. Our central bank also issues very negative warnings about cryptocurrencies, and with the help of some other government agencies is trying to influence people not to invest in cryptocurrencies - but it is unbelievable that the turnover in local crypto exchanges equated with the turnover of stock trading, which was certainly a sign of alarm for them.

I mean, politicians and various interest groups can try to stop people from investing in something - but in the long run it doesn't work, people will always find a way to do what they want.

What do you expect from a country that care less about its citizens and try to suppress them especially the leader of the tomorrow which are the youth. The Nigerian government sees Bitcoin as a threat to their selfish ambition. They want the masses to remain in poverty so they can be easily controlled and anything that'll be posing as a threat to that goals of their will try to be eliminated and that's exactly what they're trying to do with bitcoin but they have failed so far.

Connect the dots, you think the banning of twitter in Nigeria has nothing to do with it's support for Bitcoin and Nigerian youths especially during the EndSARs movement some months back, they had this all planned out but the fact is the conspiracy they're trying to accomplish on 1st October won't work.

Firstly the citizens aren't that uninformed as they were few years back, I'm pretty sure we'll have very strong activist that'll opposed this initiative of theirs and enlightened the public on what the government secret plans are.

New trends often give rise to new scams, and with the introduction of Defi, fraudsters have utilized a plethora of tricks to entice people into trapping and stealing their money. NFTs are not new to us, but the desire for them and how valuable they are has lately gained the attention of many media outlets, which, as you know, is always a signal and new employment for fraudsters to start a new method of exploiting the uninformed ones.

NFT are one of the most in-demand Defi applications since they are scarce, unique, and because only one entity of them exists, those who value it will pay any amount to acquire it before anybody else. The values that come with them have enticed fraudsters to go to any length to get your money.

These are some of the more prevalent methods fraudsters have used to defraud users of their NFT arts.

Cloning of NFT markets: Because of the nature of NFT, they cannot be listed on exchanges in the same way that other coins and tokens are, therefore NFT are usually auctioned on prominent NFT marketplaces such as Opensea and Rarible. Some Defi projects make their own marketplace available to their investors and token holder but scammers always find their way out to clone these websites just like the conventional ways hackers do to online banking where they copy every feature of the bank and ask you to input your sensitive information and also credits, these are no way different in NFTs markets too, NFT markets script can be purchase online and they can clone them and make you purchase a fake NFTs in exchange for your ETH and BNB which are the popular networks that support NFTs.

Online Telegram support: You should be aware that Opensea does not offer telegram group chat assistance since it is difficult to maintain owing to the numerous impersonators and frauds that occur on the platform on a regular basis. Rarible used to have a Telegram group, however, it was later announced that they had migrated to Discord due to difficulties in controlling fraudsters and the amount of reported scams. If you are dealing with NFTs on those two largest NFT marketplaces, stay away from Telegram, if you have any problems, you may check the online support on their website, but you should also be wary about the website. Don't make complain on open social networks. it's no different from Telegram, except that Telegram has become a haven for fraudsters due to the rise of cryptocurrency.

As you can see from their official Twitter handle, you can only get support via their website or Discord, avoid telegram like you avoid a plague.



Regarding the rest of the projects that have their own NFT markets place, you should be aware that most admin will never send you a private message asking for private keys or any other sensitive information. Instead, tailor your problem to the appropriately tagged admin in the official group, and he/she may direct you on how to resolve the issues.

NFT giveaways: This never gets old, and I despise anything free. Airdrops were given out during the previous bull run where everyone received free tokens and coins from new projects, but that has changed recently. The only available airdrops you see around are mostly for promotion and for loyal investors, particularly those who stayed with projects during their early stages and those who invested in them. In some projects, the only method to obtain NFT is to hold their token and stake them in exchange, you get randomly picked for this NFTs airdrop. Don't lose your wallet for free stuff that doesn't worth it.

Avoid been associated with NFT projects because of Artists and celebrities: Artistes and celebrities, in general, are just regular people like you; this isn't the first time they've taken on new projects for the sake of a few checks, similar situations have occurred in the past, and they were later fined for getting followers invested in new projects, according to some reports from SEC website. This is not an exception, they will sell them to you and return to their way of life in the entertainment industry. Buy NFT from trustworthy organizations and projects that will provide you with security; don't buy items you will later regret; and even if you are following an artiste for NFT, you may make the mistake of purchasing the wrong NFT due to impersonators.

Fake Projects: Defi is a new place, and no regulations have been put in place to protect investors, so your chances of being scammed are quite high. Do your study and due diligence before transferring all of your funds in the name of an image that may end up in the hospital, scammers do not deserve your attention.