Topic: Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed - page 5. (Read 118621 times)

User: Benedictare
https://bitcointalksearch.org/user/benedictare-3573400

  The only way is to use Cloud backup in other to completely avoid data loss during any disaster .

Cloud backup storage is an online backup that is used  for storing of data base in case of any environmental disaster.
Cloud backup also has its own risk  but trusting it means proper enycption of the seed phrase before storing puts it at a lower risk because it's always targeted .

It is important that any computer  system that you use to view your seed phrase should be free from malware .
 Cloud storage is without trouble strong and healthy it has risks largely due to its quality and by how much potential access could happen in a way that is not planed or showing a desire to cause harm be granted to data stored there.

There is a potentially very great in number to place in a particular position so that they are in order of options and tools available to perform encryption.

Password managers can be producing a result that is wanted and without trouble for some secrets, but their operation must also be well-known in order to give the safety that they are needed to provide.





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How to use Cloud storage to back up your Seed Phrase.

Read this article if you want to better understand the strengths and potential pitfalls in storing your seed phrase in the Cloud.

Vault12 Crypto Security

January 18 2024


One of the many ways that you could choose to back up your crytocurrency seed phrase would be to back it up to the Cloud. Although Cloud storage is not risk-free, proper encryption of your seed phrase before storing it there lowers the risk and makes it an option that you might consider.

TL;DR (concentrated takeaways)

If you rely on Cloud storage for backing up your seed phrase, you must encrypt it first - else it is extremely poorly protected. Cloud storage is a target!

It is critical that any computer that you use for encryption, or for viewing your seed phrase, be free from malware.

Although Cloud storage is convenient and robust, it has risks largely due to its complexity and by how much potential access could accidentally or maliciously be granted to data stored there.

There is a potentially overwhelming array of options and tools available to perform encryption.

Password managers can be effective and convenient for some secrets, but their operation must also be well-understood in order to provide the safety that they are meant to provide.

For anything that you encrypt, you must keep and store a backup of the decryption key (too)!

On the surface, the peace of mind given by Cloud providers gives by taking responsibility of long-term digital file storage looks like making the Cloud the perfect place to store your seed phrase. However, news reports cover with alarming frequency tales about information being stolen from various Cloud storage repositories, whether due to inappropriate permission configuration, software vulnerabilities, or even insider theft by employees with authorized access to computer systems, networks, or recycled hardware.
Cloud security can be excellent, but it is not perfect - especially the parts that rely on human diligence. This is why it is necessary for your sensitive information to be stored in the Cloud and be encrypted before being placed there, If someone were to gain unauthorized access to your Cloud files, but those files were strongly encrypted, he would not be able to read the contents.
Cloud storage is great but has risks, but encryption offers some protection.

Advantages of Cloud backup of your seed phrase

.Convenience.
.Reduces risk of physical loss or media failure.
.Reduced risk from natural disasters
.Good security controls when carefully applied.

 

Interesting points. While technology has undoubtedly transformed the modern workplace and brought about numerous benefits, like it has significantly improved the efficiency of employees by optimizing their daily working routines and enabling them to focus on the most important tasks. However it is crucial for organizations to address the ethical implications of technology in the workplace. Balancing the advantages of technology with ethical considerations and respect for an employees privacy is essential for fostering a positive and productive work environment.

   Creating and maintaining many cryptocurrency is a good way to keep your asset safe, splitting your assets into multiple hardware wallet keeping one in a cold device completely is having an extra layer of security, which is you don't sign approval with any of the whole device . Having multiple crypto wallet prevents you from losing all your funds to attackers ,and in other for you to have a crypto tracker portfolio, you have to trade three different cryptocurrencies .

In other for you to take proper care of your wallets you need to hold most assets in self-custody wallet because Self-custody is extremely important keeping control over your crypto asset .

Use different crypto wallet for different purpose .
Creating many wallet addresses connected to the same seed phrase and private key is like having multiple bank accounts with same like login details which  is not good, especially regarding the ability to become stronger against hackers and implementing access controls.

For example when you divide the company's assets into multiple crypto wallets with different seed phrases is advisable. Putting all together in a wallet can make seeing your company's crypto finances difficult, Instead, consider maintaining at least three crypto wallets,one for receiving payments, another for paying expenses, and a third wallet that acts like a savings account.
Using a different account helps you track your crypto finance ,also helps to implement proper financial control and having a clearer way of managing your crypto wallet,also securely managing your wallets' seed phrase .

For recent years, Nigeria don see serious change for di digital world, wey dey push di country go front to become big player for global digital economy. With population wey pass 200 million pipo, Nigeria get vibrant tech environment wey dey redefine industries, create jobs, and dey drive economic growth.

The growth and potential of Nigeria digital economy dey very big. But di opportunities and challenges no fit solve by government alone. Government need partners for private sector to move Nigeria digital economy forward. But partners need correct policies and government must show di willpower wey dey necessary, wey government no fit dodge.

Digital economy don show face well-well for Naija as e dey help create plenti jobs and boost di economy. Tech sector don see plenti local talent enta, plus international investors dey show interest. Startups no just dey create work, dem dey also add to di GDP through money wey dem dey make, taxes wey dem dey pay, and foreign exchange wey dem dey bring in. Still, digital economy don give power to Naija youth, as e dey give dem chance to do business and work for demsef.

Di state of education for Nigeria dey cause wahala, wit inadequate funding, poor infrastructure, low teacher quality, and an outdated curriculum na some of di main challenges wey dey face di sector. But, opportunities dey for improvement like increased government funding, embracing technology, quality teacher training, and curriculum reform. If dem fit tackle dis challenges and use dis opportunities well, Nigeria fit upgrade im education system and give im citizens di skills and knowledge wey dem need for di growth and development of di country.

Cryptocurrencies are most commonly traded between 8amto 4pm in local time. While the crypto market is 24/7, your trade are more likely to be exchange when there is highest level of activity. Outside of these hours, when trading is lighter it can be more difficult to open and close trades.
Another perks of trading cryptocurrency is that you can buy it whenever you want. But many investors buy and sell cryptocurrencies during the same hours that the New York Stock Exchange ("NYSE") is open. But since you can buy and sell crypto at all hours of the day, you will need to know which hours are better for buying cryptocurrency.
While deciding the best time to trade crypto you also consider some factors like:
a) gas fees
b) market volatility
c) economic news and events
d) trading style and goals.
d)

Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make , particular if you are new to trading, and keep a calm demeanor is important for consistent trading. We can handle emotions when we lose during trading through the following:

"Much better"? Green had 58 points after 27 rounds of Bayern last season and they have 60 points this season. Would you call it better? Especially since the talk of those 58 points in the season has been on the rise and the 0 point burn has been 6 times this season.
Are you confident enough in yourself? wink
As for the Muslim League, Bern/Atletico/Doormund see which way to go as an alternative to getting there.

"Far better"?  Last season Bayern had 58 points after 27 rounds, and this season they have 60. Do you call that far better? Especially considering the fact that last season those 58 points allowed Bayern to lead, and this season with 60 points Bayern has already lost the race.
Are you confident in your adequacy? 

As for the Champions League, just look at what path Bayern/Atletico/Dormund will have to the final if they get there.

What a great week for CR7! Only 3 born 2 hat-trick Ronaldo. Although NASA has lost their party opportunity, they will still do well. Today is the day they scored a 7 goal away win. At half time the score was 5-0.Ronaldo has 3 goals and 1 assist and can play in the second division. He does these in just 45 minutes, what else can he do in 90 minutes. But he shouldn't have risked it after this score at half-time. Scored the other goal and was substituted at half time.

What a great week for CR7! Ronaldo made 2 hat-tricks in just 3 days. Even though Al Nassr has lost their championship chance, they continue to get good results. Today they had an important away win with 7 goals. The score was 5-0 at half time. Ronaldo scored 3 goals and made 1 assist and didn't play in the second half. He did these in just 45 minutes, who knows what else he would have done in 90 minutes. But there was no need to risk him after this score at half time. Mane scored the other goal and was also substituted at half time.

Currently Ruben Amorim (Sporting), Thiago Motta (Bologna), Roberto Di Gerbi (Brighton), Une Emery (Aston Villa) and so far 12 clubs have been named by Video. . To replace Klopp next season, but from the existing name, of course I would personally take Liverpool as the club for the season as a Uniire club, because of the good experience of building the team so far,Yes, warning Aston Villa started to fall due to this inconsistency which is temporary, but I think a team like Unai Emerpu can lever where great, of course Unai Emer's lever can maintain the club glory.

<...>
Currently the media continues to link Ruben Amorim (sporting), Thiago Motta (Bologna), Roberto De Zerbi (Brighton), Unai Emery (Aston Villa) and even so far there are 12 names of coaches who are predicted by the media to be able to replace Klopp next season, but from the names of the existing names, of course I will personally choose Unai Emery to be Liverpool coach next season,  Because after all, Unai Emery has good experience in building teams so far, yes, maybe Aston Villa is starting to fall at this time because of their inconsistency which contains makeshift players, but I think if Unai Emery can coach a team like Liverpool that contains great players, of course Unai Emery will be able to continue Klopp glory later in Liverpool.

Money is supposed to be a medium of exchange, unit of an account, and a store of value. However, our money today is far from a store of value. Nowadays, people must earn their money twice: first, work to earn a paycheck, and secondly, figuring out a way to invest a portion in assets or financial products because their money lose value due to inflation and currency debasement.

While Bitcoin is chiefly a system for transferring digital value, it is inherently and always will be so much more than just that.
The blockchain truly is a marvelous piece of technology. A mechanism to timestamp the order of digital information without needing to depend on a centralized operator. A decentralized mechanism with no one in charge, that provides undeniably cryptographic guarantees around what data was added to the temporal record in what order. This property is the entire reason Bitcoin is useful as a form of digital money, without it there would be no way for the system to function at all without a centralized authority.

Bitcoin is not just money, and no matter how many times people chant it is only money and nothing else, it will never be true cos all of these guarantees are provided by three simple technical building blocks: private/public key cryptography, merkle trees, and hash algorithms.
Bitcoin is a digital monster, and it will eat everything. The only thing challenging the existence of Bitcoin is "time" cos as time goes, Bitcoin goes.

In a landmark ruling, the London High Court declares Craig Wright is not the creator of Bitcoin, ending a contentious legal battle with COPA.

The future of mining lies in the use of renewable energy. Since the construction of green energy on a global scale is quite expensive, it is necessary to eliminate the emergence of excessive power capacity. To do this, it is necessary to find energy consumers with oversupplies. This is where power-intensive mining comes to the rescue. Thanks to the very flexible ability to turn mining systems on and off, they can act as buyers of excess power. With mining, it will not only be possible to use electricity rationally but also to make a faster profit from renewable sources, and such examples already exist.

One of the promising areas of the mining industry will be cloud mining, which, despite its shortcomings, has good prospects for the future. The first perspective is the increasing number of users attracted to cryptocurrency mining using cloud mining. Due to the growing interest in cryptocurrencies, more and more people want to start earning from them. Cloud mining provides the opportunity to make digital money without purchasing and setting up specialized equipment. The second prospect is an improvement in mining technology. Cloud mining companies are constantly working to improve technology to increase the efficiency and profitableness of crypto mining. This can be achieved by using new mining algorithms and improving mining hardware and software.

When it comes to the goalscoring numbers, there's not been much to split them this year. Mbappe has scored a total of 52 goals which is two more than Haaland has in 2023. The PSG forward has averaged a goal every 84.8 minutes for club and country whereas Haaland has managed a goal every 87 minutes.

Haaland also came close to winning the Ballon d’Or, although he was narrowly edged out by Mbappe’s former teammate, Lionel Messi.

Mbappe himself also got his hands on some silverware this year by winning Ligue 1, but Haaland obviously has the edge in this regard.

When it comes to the goalscoring numbers, there’s not been much to split them this year. Mbappe has scored a total of 52 goals which is two more than Haaland has in 2023.

The PSG forward has averaged a goal every 84.8 minutes for club and country whereas Haaland has managed a goal every 87 minutes.

However, while most people would assume Mbappe is the more creative player, it’s his Norwegian counterpart who has the edge when it comes to assists.

The Man City marksman has set up his teammates on 12 occasions this year whereas Mbappe has only managed eight assists.

Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto scam, here are some things to know.

[A] Crypto scams often aim to gain private information, such as security codes, or to trick a person into sending cryptocurrency to a digital wallet that may be compromised.

]Always do your research to ensure the crypto software wallet or crypto exchange or app is trustworthy before signing up for.

Only scammers will guarantee profits or big returns. Don’t trust people who promise you can quickly and easily make money in the crypto markets.

Never mix online dating and investment advice. If you meet someone on a dating site or app, and they want to show you how to invest in crypto, or asks you to send them crypto, that’s a scam.

Bitcoin’s allocation in investor portfolios has reached 3.7 times that of gold when adjusted for volatility.
Bitcoin ETFs have proven to be a net positive for the crypto market, with the world’s largest cryptocurrency gaining over 45% in market cap.

I have not reported such before so I don't know how it does but I bring this to this place and if my view or judgement is wrong then apology and the post should be deleted.

Copied from
https://www.altcoinstalks.com/index.php?topic=319306.0

Quote from: Vincom on March 16, 2024, 01:14:37 AM

Quote from: KryptoBull on March 16, 2024, 01:21:58 AM

I have not reported such before so I don't know how it does but I bring this to this place and if my view or judgement is wrong then apology and the post should be deleted.

The launch of a BTC Spot ETF has coincided with a significant rise in BTC price. Some believe the ETF is a major driver behind this surge, with BTC price even reaching a new ATH before the upcoming halving event - a phenomenon never seen before. Adding to the bullish sentiment, Michael Saylor's company, MicroStrategy, continues to aggressively accumulate BTC. They are even engaged in a kind of arms race with BlackRock to hold the most BTC ^{[1, 2]}. Saylor's unwavering commitment to BTC has earned him the reputation of being the most prominent "diamond hands" investor in the crypto world, surpassing even El Salvador's president, Nayib Bukele, in terms of fame.

Michael Saylor has outlined the distinctions between investing in MSTR stock and a BTC Spot ETF ^[3]. While he emphasizes MSTR's advantages, the question remains: for investors, which is better - MSTR, whose value hinges heavily on its BTC holdings, or BTC itself?

• In terms of profit: MicroStrategy's investment in BTC has been highly profitable. Since starting to buy BTC in August 2020, the company's stock (MSTR) has surged over 1220%. This is a significantly higher return than the roughly 500% gain in BTC price itself over the same period. This amplified gain is due to MicroStrategy's use of debt financing to buy more BTC. This strategy, called leverage, magnifies both profits and losses. While it has driven impressive returns so far, it also increases risk if the BTC price falls.
  
  
  
• In terms of credibility: some view MicroStrategy, a well-established company, as a more credible investment than BTC itself. They believe investors gain exposure not just to BTC but also to the experience of MicroStrategy's leadership ^[4]. However, Bitcoin's strength lies in its decentralized nature. Existing for over a decade, it operates independently of any individual, company, or government. This decentralization fosters trust for many investors, myself included, compared to a traditional public company.

While investing in MSTR could potentially offer higher returns, I prioritize self-custodying my BTC for greater control over my holdings. This means I rely on my own judgment, rather than trusting someone else's decisions, even a respected figure like Michael Saylor. Saylor has publicly stated MicroStrategy has no plans to sell its BTC ^[5]. However, I believe it's a question of when, not if, such a sale might occur due to unforeseen circumstances or a strategic shift by the company.

• When will Michael Saylor and MicroStrategy sell BTC?

I would like to know your views on investing in BTC and MSTR:

• Do you choose to invest in BTC or MSTR? Why?
• Will MSTR continue to generate better returns than BTC?
• Is an investment in MSTR safer than an investment in BTC?

---

References:
[1] BlackRock and MicroStrategy in Neck and Neck Race As Firms’ Bitcoin Holdings Soar to Over $29,170,000,000 in BTC
[2] Public Companies that Own Bitcoin
[3] MicroStrategy Makes Its Case as Alternative to Spot Bitcoin ETFs
[4] Is MicroStrategy (MSTR) A Better Investment Than Bitcoin? Experts Debate
[5] Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin

BTC Spot ETF is having a huge impact on BTC price, it is even said to be the reason why BTC has created a new ATH before Halving - something that has never happened in the past. Besides, Michael Saylor's MicroStrategy company is also extremely famous for its BTC accumulation strategy and is racing against BlackRock in terms of the amount of BTC held ^{[1, 2]}. We can say that Saylor is the most famous diamond hands in the global crypto community at this time, even more famous than the president of El Salvador, Nayib Bukele.

Saylor has previously made clear the differences between investing in MicroStrategy's MSTR stock and a BTC Spot ETF, and of course Saylor points out the advantages of MSTR that a BTC Spot ETF cannot have ^[3]. We still have one more question: between MSTR, a stock with most of its value backed by the number of BTC held in reserve, and BTC itself, which is the better investment?

• In terms of profit: Since MicroStrategy started investing in BTC in August 2020, MSTR has increased by more than 1220%, while BTC has only increased by about 500%. Thus, the data shows that investing in MSTR generates more profit than investing in BTC, because MicroStrategy allows investors to leverage their investment with debt, which allows MicroStrategy to amplify its gains from BTC's price appreciation.
  
  
  
• In terms of credibility: Some people believe that MicroStrategy is more credible than Bitcoin because MicroStrategy is a company with a proven track record. Therefore, investors in MicroStrategy are not just investing in BTC, they are also investing in the expertise and experience of MicroStrategy's management team ^[4]. I disagree with this view. The Bitcoin network is decentralized and has existed for more than a decade. It is not dependent on any individual, organization, or government. I trust the Bitcoin network more than a public company.

So, even though MSTR could generate higher returns, I will still continue to self-custody my BTC instead of investing in MicroStrategy's MSTR and then putting my faith in Michael Saylor's decisions. And even though Michael Saylor has asserted that MicroStrategy will never sell BTC ^[5], I think the question is only "when" and not "if".

• When will Michael Saylor and MicroStrategy sell BTC?

I would like to know your views on investing in BTC and MSTR:

• Do you choose to invest in BTC or MSTR? Why?
• Will MSTR continue to generate better returns than BTC?
• Is an investment in MSTR safer than an investment in BTC?

---

References:
[1] BlackRock and MicroStrategy in Neck and Neck Race As Firms’ Bitcoin Holdings Soar to Over $29,170,000,000 in BTC
[2] Public Companies that Own Bitcoin
[3] MicroStrategy Makes Its Case as Alternative to Spot Bitcoin ETFs
[4] Is MicroStrategy (MSTR) A Better Investment Than Bitcoin? Experts Debate
[5] Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin

---

Note:

• My opinion was posted first in that topic, on Bitcointalk
• I leave the source link to avoid plagiarism accusation.
• I excluded/ included minor things from an original thread ^{if necessary}.

Suspended Senator Ningi Resigns

Senator Abdul Ningi has resigned his position as the chairman of the Northern Senators Forum (NSF).

This comes barely an hour after Ningi was suspended for three months for alleging that the 2024 budget had been padded with illegal projects worth over N3 trillion.

Earlier, Senator Jimoh Ibrahim moved the motion for Ningi’s suspension for 12 months over allegations of criminal misinformation and breach of peace in the National Assembly and the country by extension.

But Senator Asuquo Ekpenyong moved for the amendment of the motion by Ibrahim.

Ekpenyong, who is from Cross River South Senatorial District; and Senator Abdulfatai Buhari from Oyo North prayed for the reduction of the suspension to six and three months respectively.

Akpabio, who described Ningi’s offences as “grievous”, conducted a voice vote during which most of the lawmakers voted in support of Ningi’s suspension for three months.

In an interview, Ningi had claimed that the Federal Government is operating two versions of the 2024 budget and that the N28.7 trillion Budget passed and signed into law by President Bola Tinubu was skewed against the north.

on February 27, 2024, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said $26 billion passed through Binance Nigeria from unidentified sources in one year.

Cardoso said the apex bank is collaborating with the SEC to ensure there is no manipulation in the FX market.Nigeria intensified its crackdown on cryptocurrency by detaining two executives of Binance, the prominent crypto trading platform that authorities allege enabled the naira currency’s slide to record lows this month.

The arrest, first reported by the Financial Times on Wednesday, follows a move last week that saw telecom providers shut off user access to the websites of Binance, Coinbase and other crypto exchanges. Crypto platforms have been scaling down services in Nigeria in the period since. On Wednesday, Binance stopped offering peer-to-peer trades that allowed users to exchange the naira for USDT, a digital currency pegged to the U.S. dollar.
The federal government probably are looking for recognition and partnership with binance maybe you  tell ,. They feel that binance makes a whole lot of money from Nigerians with no accountability

The current inflation in Nigeria is more of 'supply driven' inflation than a 'demand driven' one. Policy rate adjustments as a tool becomes ineffective when an inflationary trend is dominantly supply driven. We tend to often argue that our inflation is caused by excess money supply in the system chasing too few goods.

The devaluation of the naira is a top driver of inflation as it leads to higher import costs that ripple through the economy and affect production costs and other supply chain dynamics. This has resulted in elevated costs for machinery, fertilizers, and other inputs for farmers, which can result in higher food prices.

Growing Bitcoin Adoption in Africa’s Economy
Africa, with its unique economic landscape and diverse set of challenges, has embraced Bitcoin as a potential solution to longstanding problems. The limited access to traditional financial services, high remittance costs, and currency instability in several African countries have fueled this adoption. A prime example of this trend is observed in Nigeria, where a tech-savvy population and substantial remittance inflow have catapulted the country to the forefront of Bitcoin adoption on the continent.

The adoption of Bitcoin in Africa has far-reaching implications. It has not only revolutionized the way people engage in financial transactions but also disrupted the traditional norms of investment and wealth management. Through our extensive analysis and case studies, we have uncovered a multitude of trends arising from Bitcoin adoption in various African economies.

One key revelation is the potential for Bitcoin to provide an alternative form of financial inclusion in regions with limited access to banking services. This digital currency has brought forth a new paradigm where individuals can securely store and transfer wealth without being hindered by traditional banking constraints.

I dont want to recover that acc, I want to flag the account or even get it banned. Just to raise awareness. I registered today bc i wanted to search something in the forum. I dont have my keys anymore to do my PGP, sorry about that, I just want to flag that old account, I even bet he cant even speak spanish (Im from Mexico).
Don't trust that stolen account.

FOMO in the crypto world occurs when a person makes an irrational decision to trade or invest in a crypto asset based on some piece of information received without properly verifying the source and or accuracy of it.
FOMO in cryptocurrency leads people to buy assets at their highest prices or even sell them at their lowest, rather than vice versa, which would be better advised. Sometimes, the consequences of crypto FOMO can be worse and more profound than a loss of invested capital-it can lead to damaging situations such ass disconnection from family, anxiety, and depression.

  Seed phrase is a connected series of numbers of 12 or 24 set of words that gives information needed to recover a missing or damaged cryptocurrency wallet,which is best known as security measures for digital asset held ones personal possession.

   Seed phrase and private keys perform two different function which are,
° A seed phrase has to do with fingerprint of all your Blockchain assets that can be use as backup for you,Incase you lose your crypto wallet, While Private key links you solely to your Blockchain address.

   The seed is your secret recovery phrase,that backup all private keys stored in your crypto wallet which accept you to get back all your blockchain addresses always without the original crypto wallet.

   When a hardware wallet is broken it needs you to get back your real seed phrase to another able to be used together device, almost the same as to a forgotten pin.
When your hardware wallet is missing or stolen, you have to buy a substitute.

A seed phrase is a sequence of 12 or 24 random words that provide the information required to recover a lost or damaged cryptocurrency wallet. It is also referred to as a mnemonic phrase and is best understood as a security measure for digital assets held in personal custody.

Your private key is what links you uniquely to your blockchain address, while your seed phrase is a fingerprint of all your blockchain assets that you can use as a back-up if you lose your crypto wallet.

I can confirm that account is stoled, It was my old account that I dont have access anymore, I dont know how long my account has been stoled. I can confirm it by old mails and proofs, I dont want my old account back, i dont care tbh, but i dont want anyone to impersonate me.

If you can check my 2013 writing to this writing now is clear its not the same person, bc I was the old owner.