Topic: Solution to some challenges faced by bitcointalk members from developing nations (Read 248 times)

I thought quoting the last thread would cover up the totality of the information I would derive from the thread. I never claimed ownership of the information I used for this thread.

I am really sorry for this mistake. I think I have to lock up this thread and update the former one with the solutions to the challenges faced by bitcointalk members in developing nations.
 
 

One of the safest things to do is to keep your Bitcoin in a wallet that is self-custodial. The moment you bought your Bitcoin, keep it to a wallet such as Electrum and keep your private keys with you. Communicate with no one as far as your seed phrase is concerned. Keep everything a secret as much as possible. Don't tell anybody, even your family members and relatives that you own a certain amount of Bitcoin. Just keep all the information all by yourself, but in a way that in the unlikely event that you're gone, they will be able to retrieve your funds.

That is the first thing came to my mind as I see the thread. That why it is good to read rules before posting, read this rules and regulations thread. https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151

And also this. Read the rule 12 on this link https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657
I believed I have seen this clearly by theymos thread but not sure, said, you don't have to create new topic for the same paraphrasing topic but you can only update the old one...

I agree that it is unnecessary to have a discussion about the same thing in two different boards, especially if the topic from the Bitcoin discussion could be moved to B&H if the OP thinks this is a more appropriate place for the discussion.

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However, something else caught my eye, and that is that some sentences from my post in the linked thread were copied without mentioning my post as a source. I cite the following as an example :



This is plagiarism by the definition of the forum, but I hope that the OP can learn something from this without getting a perma-ban (I refrain from reporting to the moderator in this specific case).

What I know is that there is no Starlink in Africa as of July 2022. But I read on news that Starlink would be available in Nigeria by August 2022. Maybe it is now in Africa.

The cost to setup Starlink kit in developed country is expensive. In US, it is around $599, but said to be four times cheaper in Africa, said to be $99 which is 6 times cheaper. Probably the subscription or service would also be very cheap.


Let me put it like this for you. What is the safest wallet between electrum and hardware wallet? People are not going to think twice before choosing hardware wallet. But did you know someone that know how to use electrum for cold storage can say if you only want to use bitcoin and able to run electrum on an airgapped device, that electrum is safer, but on cold storage.

I have two phones and a laptop. I use one one for exchanges, I have my wallet on laptop. Both are very secure the way I am handling them. I have another phone, also secure but the one I use most often where I have emu 2FA and if possible I want to have watch-only wallet.

Laptop or computer can be very vulnerable if you do not do away with what can bring malware to your computer. Any device can be safe if you do what that would make it safe.

The reason phone is more vulnerable which I agree to is because people use it most these days to browse and they carry it about and outdoor.

You can get an inexpensive budget laptop for a few hundred dollars, which is even cheaper than some mid-range mobile phones. Someone who is an active trader certainly knows how to appreciate the comfort and functionality offered by a computer compared to mobile applications. As far as uninterruptible power supply goes, all laptops are DC powered. You can even use cheap car batteries and, with a cheap adapter, use them to power your laptop for a long time. You don't even need an inverter. The same applies to internet routers.

For a little extra cash, you can get solar panels to charge the battery, and you'll have complete power autonomy.

And you also need to pay for the hardware which could be high and unaffordable for many in developing nations.At this time they are operational in around 32 countries and rest they are trying to expand and you can check here for your area and it will approximately cost around $100 /per month which can be high for people in such nations.

But If I speak about forum then it's designed in such a manner that it could load on slow internet connection also in optimised format and it will hardly take any load to show on your mobile phone so just need say internet connection on your device without paying for high rates broadband service to access the forum but can't say exactly that it will load fine on very poor connection.

My answer does not take into account the availability and cost of electricity.

You can use laptop which is better than smart phone. Because smart phones have serious disadvantages:
- You can not have a good overview with chart on smart phone then you can make wrong entries
- You might more likely make mistakenly typing on smart phones than on laptops.
- Laptops are more safer in security if you have Internet Security /AV softwares and use Linux. Mobile devices are very easily to hack especially Android

Price of Starlink service could be expensive though for people who live on developing nations. Starlink pricing on Brazil roughly about $50, while on US it could be around $100.


IMO if power outage frequently happen on your area, you better get a laptop/notebook rather than computer. And while power generator for computer or all electronic device isn't cheap, you could spend less money on long run since you have less worry about broken electronic device due to power outage.

Why creating a new topic about this, you could have just post it on that old thread.

For high speed internet, if 4G phone is not still providing high speed internet, it is good to go for a Router, it draws internet than phones.

Probably you are in a country with constant electricity.

You can easily afford cheap mobile phone power bank, but not so for computer. If someone is an active trader, he may prefer to use phone Instead.

That is true though. I have another device for 2FA but I still have my exchange account on my mobile phone and computer. Only my wallet which I do not access often are only on my laptop. Another phone for 2FA.

Should have one special device for cryptocurrency related things: wallets, exchanges, 2FA, etc. I would prefer to not log in my exchange account on a mobile device because I would like to allocate it for 2FA only. As a 2FA installed device, I don't want to login email, exchange accounts on that device.

Device that stores 2FA should be different than the devices you usually login your email, your account.

You can merge this topic to that one. Some Limitations of Bitcointalk Members from Developing Countries. Problems and solutions in a one topic should be better.

I did start a thread titled Some Limitations of Bitcointalk Members from Developing Countries. And some of the problems members of this great forum from developing countries face were discussed. Some contributors gave outstanding solutions to these challenges. And the solutions are summarized below.  

Epileptic power supply: Unstable power supply can be tackled by seeking other sources of power such as good power banks that have a larger capacity, solar systems, or portable cheap generators. You should also ensure you buy phones with battery capacity as a priority. One can also charge phones in commercial businesses that offer phone or device charging services but you must ensure that the phone is protected. Don’t also focus on the number of posts you make. Use the limited time you have electric power to create a few quality posts instead of focusing on quantity. Two or three meaningful and quality posts a day is far better than spamming.
  
Poor Internet Supply: Ensure you buy 4G phones and check for the internet provider that has a strong network in your area. Using the internet when few people are using it might improve the quality of supply. Maybe late at night or early hours of the morning might be better. I have personally tried this solution and it is working perfectly. It can also be possible to pull resources together to buy satellite internet. Also seeking support from influential personalities such as Elon Musk would not be a bad idea (you will never know until you try). The community can write to him asking him to donate one of his devices for satellite internet for your community. The good news is that Starlink service would soon be available to some developing nations.

High Crime Rate: Ensure you don’t use your phone in public places and always ensure that you keep it in a safe place. If possible you can get a smaller or cheaper phone that can be used to make and receive calls, while the other expensive or advanced phones that are used to access the forum can be left at home. Be cautious of your environment and if you must keep a late night, do it without your phone. It is also very important to keep a low profile and only inform trusted people about your earnings or bitcoin.

Unexposed and corrupt law enforcement agencies: Create a private space in your phones and hide your wallets and other bitcoin-related applications. Ensure you don’t dress, behave, stay or hang out with internet fraudsters. It would not be a bad idea to start a bitcoin community in your locality and if possible the community can be registered and have identity cards. Public enlightenment about bitcoin would be able to expose these law enforcement agents to the operations of the bitcoin space.

Although it might not be risky, report every attempt at blackmail and criminal acts, regardless of whether it comes from the police. Some law enforcement agents are trustworthy and not corrupt. The law court can also be impartial if a case of intimidation, exploitation, and abuse by law enforcement agencies is brought before it. Like in the case of Linus Williams Ifejika, aka Blord , that floored the Nigerian anti-corruption agency in court.  
Don’t sell your votes, only vote for the right candidate during elections.

High Rate of Unemployment: Seek other means of income. You can get a degree or a skill that can assist you in getting a job or becoming self-employed. Joining a signature campaign might be helpful financially but the forum should not be a place for making money, it should only be something that comes as an additional thing in the process of information exchange and discussion.