Topic: Igebotz Nigerian Local Board Merit Source Application (Read 1333 times)

Either I have lost my mind, or you are just trying to pull our chains. If it was up to me, I'd post the biggest middle finger here as your answer, but you know that would be inappropriate move for a president to perform. Lol

Man my man, sheriff, I just love your enthusiasm and your audacity, first you join the enemy's army as a mod, then you attack this forum's leader with some nonsense about being a sellout to the state, and as a kill shot you come here bump your application?

Stating "it's me again  "

Either I have lost my mind, or you are just trying to pull our chains. If it was up to me, I'd post the biggest middle finger here as your answer, but you know that would be inappropriate move for a president to perform. Lol

It's strange for you right. well it's quite normal for other users. I have always had this thought about members who are having about 3k,4k+ merits, I always feel they never run out of smerits not until I started seeing some post of some reputable merit source who also complain of running of merits then I now knew that this particular feeling is almost for everyone though they are some exception for few users like T-man, o_e_l_e_o, and maybe loycev 

Out Of sMerit.

Bump.

Out Of sMerit.

In my view, this is long expected to happen, to have another merit source in Nigeria's local board to ease up pressure on CryptoprenuerBrainboss who has been doing greatly in the successful growth of this local board,  already Igebotz is also another member I know who has done greatly too, therefore I bid my support for this application and for Igebotz to join hands in moving this local board forward.

Wait, I'm confused We here always use the phrase "pidgin English" for bad English, or the Dutch equivalent: Steenkolenengels. I've been wondering why Nigeria needed their own local board, given that English is the official language. I'm now starting to think you guys actually call it "Pidgin" which just sounds funny
When I saw posts on the Nigerian local board before, I thought it was just English but with lots of mistakes. Now I'm starting to think this is how it's supposed to be:
When I read this, what I see is: "English English English mistake English English English dem wey English dey English English wey English English English English English English"

No argument there

when speaking is more advanced then when writing, when writing we can mix some english in-between the pidgin but when speaking we just go with the flow.

I'm now starting to think you guys actually call it "Pidgin" which just sounds funny
When I saw posts on the Nigerian local board before, I thought it was just English but with lots of mistakes. Now I'm starting to think this is how it's supposed to be:

Can someone of you share a link or a video where we can hear the pronunciation of pidgin? I can partially understand what you write, but I would like to hear how it sounds in conversation. I'm just curious

Can someone of you share a link or a video where we can hear the pronunciation of pidgin? I can partially understand what you write, but I would like to hear how it sounds in conversation. I'm just curious

There are some of us that don't combine when writing, just pidgin alone. If you hear us speaking this pidgin English, you wouldn't understand what we are saying and you will be confused because we use the pidgin slangs to talk. I support Igebotz application, I applaud his endless service of our local board and the forum at large.

Yep, therein lies the rub.  With any suggestion regarding the forum or any merit source application there's always a question in my mind as to whether Theymos is even seeing whatever the community is saying.  One rarely knows because he so rarely descends from wherever it is he hangs out to opine on others' opinions, and even rarer still I think is any action taken on his part based on the wishes of the community.

There have been a few merit source applications in the past month or two, and they'd gotten pretty much unanimous support but unless I missed an announcement, Theymos hasn't accepted any new sources.

And by the way, you've got my support 100% Igebotz.  The Nigerian board is going strong, and I bet it could use a member like you to help it's sub-community rank up faster than a snail's pace.  Good luck!

I wish our words of support will be worthy of consideration by Theymos to grant you a merit source of Nigerian Local board

Wait, I'm confused We here always use the phrase "pidgin English" for bad English, or the Dutch equivalent: Steenkolenengels. I've been wondering why Nigeria needed their own local board, given that English is the official language. I'm now starting to think you guys actually call it "Pidgin" which just sounds funny
When I saw posts on the Nigerian local board before, I thought it was just English but with lots of mistakes. Now I'm starting to think this is how it's supposed to be:
When I read this, what I see is: "English English English mistake English English English dem wey English dey English English wey English English English English English English"

No argument there

Igebotz, I support your application. I think you're a user who deserves to be a merit source for your local board based on your contributions and the quality of your posts. But unfortunately so far the admin has not received any application that have been posted on meta, so make sure you still have to be patient to get your turn.

I know we can contribute in other ways even though we are not a merit source, but of course it will be easier for you to get more users with merit if you are a merit source. Best of luck to you, Igebotz.

Wait, I'm confused We here always use the phrase "pidgin English" for bad English, or the Dutch equivalent: Steenkolenengels. I've been wondering why Nigeria needed their own local board, given that English is the official language. I'm now starting to think you guys actually call it "Pidgin" which just sounds funny
When I saw posts on the Nigerian local board before, I thought it was just English but with lots of mistakes. Now I'm starting to think this is how it's supposed to be:
When I read this, what I see is: "English English English mistake English English English dem wey English dey English English wey English English English English English English"

Fair enough, but Google Translate hasn't found a way to translate Nigerian Pidgin to English yet, and most of these posts are always in Pidgin, so many merit sources will skip them except those who want to merit blindly or based on the reputation of the user who submitted those links.

This one go different and na based on the different coins dem wey you dey interested in wey go determine if you go go long term or short term.

Handling a source to a local who understands these languages solves these issues

Correct. Links to any language are okay in Report unmerited good posts to Merit Source. I usually don't have the time to go over them through Google translate myself, but other Merit sources can still Merit them.

If you check the rules set by LoyceV, there's no mention that submitted posts should be in English.

Isn't that exclusively for posts on the English board? I've never seen somebody submit a post from the local board to that thread before. Most of our local posts are written entirely in pidgin. I'm not sure how that will help.

I support your application. I tried to give some merits to posts you showed and would like to help in the future as well. Local boards should get more sources and merit distribution should be all over the forum. A fair distribution cannot be made when there are only a few active sources.

Here are few submissions I made, asking merit sources if they can help our quality members rank up. Majority of the postsI shared were in Croatian and they were merited anyway. Luckily we now have more merit sources so that is not needed anymore.

Isn't that exclusively for posts on the English board?

I've never seen somebody submit a post from the local board to that thread before. Most of our local posts are written entirely in pidgin. I'm not sure how that will help.

Have you considered using Report unmerited good posts to Merit Source thread until you get more merit sources?

Few years ago we ( Croatian local board) we were in the same position you are now zo I used to report our good posts and it really helped us so maybe you could do the same while waiting.

Yes, he has one of the lowest allocations compared to the new sources that thyemos added a few years ago. How do you manage smerits that accounts for less than 10% of all active posters? Pidgin is tough for individuals who are not Nigerians to comprehend, making it difficult for a random merit source to patrol and drop something on a post they can't even read.

I support your application. I tried to give some merits to posts you showed and would like to help in the future as well. Local boards should get more sources and merit distribution should be all over the forum. A fair distribution cannot be made when there are only a few active sources.

Pidgin is tough for individuals who are not Nigerians to comprehend, making it difficult for a random merit source to patrol and drop something on a post they can't even read.

Based on the amount of merit spent by CryptopreneurBrainboss so far, I can confirm that he is one of the merit source.
He spent an average of 23.5 sMerit per month last year on the Nigerian local board, while he has spent an average of 53 sMerit per month (January - July 2023) on the same local board. But it would be better if there were additional merit source there because that could help more users get merit worth it with the quality of the posts.

Since he is an active member of Nigerian local board and a merit source, that means that you as a local board have merit source. It's another problem that his merit allocation is not enough and that you need more merit sources, which I hope will be sorted soon.

We have a couple of merit sources and all of them are also sharing merit in general part of them forum and I believe it's the same with majority (if not all) merit sources. There's no rule where merit sources have to share their link monthy allocation.

A general  board merit source. He is not a Nigerian local board source, but as a local, he assists in whatever manner he can. His Source is insufficient to cover two boards (General and Local). We need a source that is particular to our board, just as it is on other local boards. Some local have more than three.

By the way, isn't CryptopreneurBrainboss merit source?

. Yeah I knows, it sucks that local boards usually have to wait got overall merit amount shared to drip down to have a chance to get their own, but for some reason theymos tends do do it that way. But who knows knows, maybe he change that approach and starts approving new merit sources individually and not in bulk.

By the way, isn't CryptopreneurBrainboss merit source?

Merit distribution may be doing well on the General Board, but some of the local boards are far behind in terms of merit distribution ratio + Nigerian local board is the only active board without a merit source + we have an avarage of 120 active members monthly.

Since some of those who applied to become merit sources eventually became merit sources, I think that it's safe to assume that theymos checks them.

Problem is that theymos usually adds new merit sources in bulk when he notices that overall amount of merit shared significantly dropped down so it can take quite a while to get these applications approved. From what I saw regarding merit shared data, numbers are still quite good so I doubt any application will be approves soon. Hope that I am wrong though and theymos proves me wrong.

Since some of those who applied to become merit sources eventually became merit sources, I think that it's safe to assume that theymos checks them.

Problem is that theymos usually adds new merit sources in bulk when he notices that overall amount of merit shared significantly dropped down so it can take quite a while to get these applications approved. From what I saw regarding merit shared data, numbers are still quite good so I doubt any application will be approves soon. Hope that I am wrong though and theymos proves me wrong.

Are we even sure theymos even reads these threads? He hasn't really been so active posting lately, just the dt log.

Are we even sure theymos even reads these threads? He hasn't really been so active posting lately, just the dt log.


I will support this as well.

Are we even sure theymos even reads these threads? He hasn't really been so active posting lately, just the dt log.


I will support this as well.

Supported! Now we are in the same boat (waiting for Theymos to make a decision). 

I believe I am qualified and want to volunteer myself to serve as a merit source for the local board, just as I have been with my few earned smerits.

I believe I am qualified and want to volunteer myself to serve as a merit source for the local board, just as I have been with my few earned smerits.

Bitcoin do and do increase to all-time-high as usual, but some altcoins failed to do that. During bull market, altcoins may not reach all-time-high again or in time. Some coins are shitcoins and some become dead.

Let me give you some good examples:

Bitcoin increased to $69000 in 2021. Now at $29300
Dash increased to 478 in 2021. Now at $31.80
Filecoin increased to $430 in 2020. Now at $4.2
Solana increased to $259.9 in 2021. Now at 23.17

Most altcoins are still 10 times lower than their all-time-high in 2020/2021, but bitcoin is just not more than 2.5 times lower.

In 2020, bitcoin got to all-time-high above $19600 of 2017. Its price increased to $69000 in 2021 which is the present all-time-high. There are many well known altcoins that did not get to all-time-high at all in 2020/2021.

Examples of coins that did not get to all-time-high in 2020/2021:
EOS
Bitcoin cash
Zcash
And many other coins.

Like I have once mentioned, your topic is about bitcoin and this can be taken as an investment assets, but altcoins are gambling assets and only use them to gamble.

After a significant bear market and if you are able to risk your money, risking the amount of money that you can afford to lose, there are some altcoins to go for, but not for long term investment except ether, but which I will not encourage anyone to invest on due to privacy reasons and centralization. There has been no coin like bitcoin.

I can only advice people to invest in bitcoin which is less volatile, most decentralized and most secure.

This one go different and na based on the different coins dem wey you dey interested in wey go determine if you go go long term or short term. If we dey based dis discussion for just bitcoin then na long term wey sure pass because even all the OG wey hold their bitcoin from the day wey Bitcoin was sent to their wallets to dis day go comfirm to you say nothing sure pass for Bitcoin side then to become a long term hodler. Long term holding helps you in so many ways that isn't just profit gaining. If you be long term hodler e go make you develop the habit of patience and this one no go only help you for Bitcoin but all round investment that includes the industry and other investment options.

E go make you to get patience and with patience your investment go dey profit you, if you know wetin you dey invest inside and e no be scam. Short term holding no bad but if you're get the opportunity to choose which one you go belong among the two choices, choose long term hodling. This one go make you get less stressed for the market and all the shakara wey e dey do. But if this topic involved all coin that one be say you need to decide weda you go hold long or short on your own as nobody know how profitable any coin fit dey at a particular time. Altcoins investment dey very unpredictable and e dey get plenty wahala wey be say if you no put your head for ground you fit fall mumu to scammers.

With BitPay, I can set it on Electrum too, but still of lower rate, at ₦752 to a dollar. I do not know what cause it but it has also changed from CBN rate.


upload image to website

Technical analyses, fundamental analyses, news, statistical analyses and all possible things that can have effect on bitcoin price can be on this thread. But it would be good to let the discussion to be what would correlate more to bitcoin holding instead of trading.

I have thought about this several times, they both almost even have similar price as at now. I think this will not cause confusion. I will edit it to I&E rate. But let us see what other people will post about this.

Yeah bitcoin at 25 million plus after having more than 2% increase in the last 24 hours but aside the XRP FOMO and the current reports of big financial institutions moving towards bitcoin ETF, I think the bitcoin to Naira is also greatly affected by the fact that the Naira is down against the dollar. The Naira is trading above 815 against the dollar which also increases the price of bitcoin. So far so good the I and E setting the market hasn’t helped the Naira against the other currencies but with time we shall see

This is a great initiative to have our own local speculation board (+1).

Nah say my brain dy pain me abi watin, cuz I remember say I been don see diz reply earlier diz morning, same reply but some part don loss  and the post no dy show like watin dem edit.


I don't know how long we should be updating the price if it's every 24hrs or every price change, be that as it may the current BTC/NGN is #25,640,595 with dollar rate at #855 per Dollar multiply by the current rate which is $29,989

I received the notification too and I tried using the service as instructed in the Kucoin fast trade page.

After visiting the page, I noticed that the 1USDT is = 807.89 naira, which is cheaper than that of P2P transactions that ranges around 866Naira; I decide to give it a try!




After entering the necessary card details and some address information they requested, my card verification failed, which I don't know why. Maybe some of the information was not right, but I am sure I input the correct details.



I then chose another payment method, and I was redirected to a p2p platform where I could trade with someone, but this time the price was the same as the one on the p2p platform.

Observation
Maybe if the card details worked the price of USDT will be cheaper than that of p2p; but why require additional information apart from card details?

When I heard "Bank transfer", I thought maybe the new deposit option initiated by Kucoin will be using the bank dollar rate of #770 currently, but mere seeing this image given above, just got me slowly discourages from giving this a try, as I see no difference between this method and the p2p, as both still uses the black market of #850 to #877 per 1usdt. Which I was thinking of giving this a try for an arbitrage opportunity.

How, I think "Remitano" also accept both bank transfer (Deposit & withdrawal) on their Naira wallet, which works effectively in few minutes

That is,
#10,000/11.4USDT =#877

Which means on "Treasura", 1usdt is been sold at #877

My people, una don hear say CBN don direct all banks to lift all the restrictions wey them sama give some accounts wey dey do business in cryptocurrency and other finTech. To me. This na better news for us wey dey for the crypto industry.

Make una no forget say, the action of CBN be slow down cryptocurrency businesses and activities for our country as many people who for dey use crypto come dey comot body to avoid wahala from our government. Even GTB been carry the matter for head come dey close account of people wey them notice say na crypto or forex them dey do.   But as e be say them don give greenlight say people dey free to use crypto, we go dey expect say crypto will have greater penetration for our country and that na good thing.

This na the article for people wey wan read the full gist:
https://www.primebusiness.africa/cbn-orders-nigerian-banks-to-lift-restriction-on-accounts-of-crypto-other-firms/

My people how una see the matter?

Our problem for this country just circle round the former CBN governor, dat guy was a cancer in our economy. Nothing wey him do wey favor the economy of the country. Na only to dey put laws wey go take us backwards na wetin sabi. What's the need of taxing crypto when it isn't regulated in the county. Na only money mata wey we dey rush sign, we no go do the one wey go make the citizens survive and encourage more business and people to enter the cryptocurency market. E dey do me like say the government rush passed that taxation bills so dem fit dey suck all this crypto companies wey dey country dry.

Dem no go create a conducive environment for business to prosper with regulations yet dem wan dey tax dem. The taxation no be bad thing oh like e good say government dey take tax as na very good way for government to dey gather money way dem go use package the country but what about the regulations of the industry. To do business for this country na big wahala. As of now the taxation wasn't necessary or abi US dun passed their own taxation bill because this country sabi follow follow (maybe na why dem hurry go pass the bill). Anyway sha I just hope say as the taxation bill dey take effect e go make governments to begin reason regulating the industry.

I know say charles-tim don reply you but I just wan add say de one wey him dey talk na LN for wallets like electrum.

Kraken, OKX, Bitfinex na some of de exchanges wey don already dey support lightning network, so na beta development say de world's largest exchange don follow suit. De integration of LN go benefits Binance users and maybe increase their user base. From de reaction of de news from some of their users, I come realize say e get some people wen dem wan send small amount of bitcoin to anoda exchange, dem dey like convert am to anoda coin wey d withdrawal fee dey minimal like TRX before dem send am, and trade am back to BTC wen de deposit successfully reach de exchange. But with de integration of LN and as many exchanges begin to support am e go help users to swiftly withdraw and deposit BTC.

I think de only similarities be say you fit generate invoices wen using either of dem and send BTC from CEX 2 CEX, CEX to non-custodial wallets and vice versa. But LN for non-custodial wallet get im own added benefit or advantage and Charles-Tim don already explain am.

Any person wey dey run any business na to maximize profits and Binance is no different. De free transaction fee no dey available for Binance and oda CEXs.

In terms of transaction fees, I feel say Binance dey try wen compared to oda exchanges. I neva really compare de transaction fee with oda exchanges but 0.000002 BTC no bad.

Dis one no shock me say this update dey come out just before the bull market wey be say investors go begin full the crypto market wey dey come ahead. E dey always surprised me when Kucoin no be decentralized exchange but an average player for the centralized exchanges industry yet e still dey run no KYC parole and SEC never come for them. Well I been know say na just a matter of time before dem go join others dey begin dey make am compulsory say make we all run our KYC verification. See eh e no bad when this centralized exchange dey request am because they're mandated to know their customers to avoid any mumu business wey men wan use their exchange dey run.

But for the sake of privacy, those KYC no make sense and that's why we get other options wey be say people fit dey use and they stay anonymous. I just dey pity kucoin exchange because some of their customers na people wey dey run away from all this KYC wahala so as kucoin before no been dey request am. Men begin dey use the exchange but now wey dem dun join others to request KYC it means they no get advantage again and it's better to use a well recognize exchange wey be say get plenty volume than now using kucoin when you go still need to verify your KYC. Kucoin dun fuck up although I no blame them.

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.

Which means it is not the right time to mention Patricia. The exchange is not functioning right now and the exchange hold customers funds, while we do not know if the exchange is going to pay it or not. I am surprised that you have not excluded the exchange.


https://pwcnigeria.typepad.com/files/2022-finance-bill_hor.pdf



I just went through it as fast as possible, I have no time to read it in details yet, but I saw that cryptocurrencies are mentioned under chargeable assets.