Una welcome enta campaign wey men dem dey, d thing give me joy as I see say na two Nigerian get the two slots. Our progress for the forum dey give me joy. Everywhere we dey, na so e suppose be. Funny say two of una PM me after una apply and na two of una get the slots.

Bitcoin Lightning Network; Discusss

$10 worth of Bitcoin was sent to someone in Nigeria without charge at the spend of light via Bitcoin Lightning, network. I don read about this lightning network nothing dey enter my head I don watch many YouTube videos too but I never really understand the concepts abeg anybody with useful knowledge make him share with us, this is where the world is driving to now and we all need to be grinded not to be left behind. From what TwitterCEO Jack interview some days ago he said all Twitter accounts are linked to the Lightning network nodes and very soon we can add our bitcoin wallet address on our Twitter profile for quick payment.






Video here

To open the channel, normal on-chain transaction will be demanded for. To close the channel, also on-chain transaction fee will be demanded for. But lightning network dey useful for small shopping after you don open a channel. Like if the supermarket you dey buy provisions support am, or where you dey cut your hair weekly if they accept ham, you can open a channel with them, or open a channel with some that already open with them, like if you and I dey use the same supermarket, I open channel a with the supermarket, you no need to open channel with them again as you fit connect through me to the supermarket (but maybe the fee will be a bit higher, I do not know, but yet go still low though).

Make sure to check out Electrum Lightning Network walkthrough if you decide to give the Lightning Network a try. BlueWallet might be a better idea for a first-time experience since you won't have to worry about stuff like incoming/outgoing liquidity.

Nigeria's securities regulator has set up a fintech division to study crypto investments and products in order to come up with regulations, the head of the country's Securities and Exchange Commission (SEC) said on Thursday.

"We are looking at this market closely to see how we can bring out regulations that will help investors protect their investment in blockchain," SEC Director General Lamido Yuguda told Reuters in a virtual interview in Abuja.

He did not provide a time frame for issuing regulations but said the SEC will step in with regulations once crypto is allowed within the Nigerian banking system. The SEC has sought to regulate crypto on the grounds that they qualify as securities transactions.

Nigeria is one of the biggest markets for crypto trading, but the central bank banned lenders institutions providing direct services through banks in February from transacting or facilitating deals in cryptocurrencies.

For Chris and Charlie Brooks, finding lost passwords to cryptocurrency wallets requires figuring out how their clients' minds work — and that effort can help their customers retrieve a slice of what the pair estimates is about $4.7 billion worth of recoverable bitcoin stranded in locked wallets.

"We get a really broad spectrum of clients. We have a client who is an early-stage miner in bitcoin who lost all of his information and he knows he's got some bitcoins somewhere … We get clients who were told in 2017 to buy into the hype-bubble and they bought $1,000 [worth] and they are looking for something to cover the rent," Charlie, a 20-year-old computer programmer who joined his father in running Crypto Asset Recovery based in New Hampshire, told Insider in a video interview. 

"One of our most recent cracks had about $250,000," in a blockchain wallet, said Charlie, who majored in computer science in college. He's put school aside for now to work at the business. "This is something I've always liked. I would follow along with my dad ... Online treasure hunting, it seemed really cool."

Nearly 40% of 1,000 US crypto owners in a recent survey from Cryptovantage said they had lost wallet passwords and, on average, those unable to find their passwords lost $2,134.

To find a sample of lost bitcoin for their analysis, Chris said they turned to a thread on BitcoinTalk, a forum whose creation is credited to bitcoin inventor Satoshi Nakamoto. A thread started in 2011 called "Let's add up the KNOWN lost bitcoins" is filled with posts by people with the amount of bitcoin they lost and how it happened. The Brookses filtered and set parameters on the information, such as excluding losses of less than half of a bitcoin, to make an estimate on the sample population of the bitcoin reported lost.

To find a sample of lost bitcoin for their analysis, Chris said they turned to a thread on BitcoinTalk, a forum whose creation is credited to bitcoin inventor Satoshi Nakamoto. A thread started in 2011 called "Let's add up the KNOWN lost bitcoins" is filled with posts by people with the amount of bitcoin they lost and how it happened. The Brookses filtered and set parameters on the information, such as excluding losses of less than half of a bitcoin, to make an estimate on the sample population of the bitcoin reported lost.

The Brookses narrowed it all down to 72 posts that described the loss of at least half of a bitcoin. They determined that 14% are potentially recoverable cases and that from their own work in recovering wallets for clients, they can decrypt about 35% of passwords. That led to their conclusion that about 2.45% of lost bitcoin is retrievable. With a range between 68,110 and 92,855 bitcoins, that would make up to $4.7 billion in bitcoin recoverable based on the asset's price of about $50,372 on Friday.

Good guesses

"We get as good a list of passwords as we can from a client and then we put our heads together and spend some time extrapolating the way that they make their passwords and try to get in their mind when they are actually creating a password," said Charlie. "That's the most helpful thing, just seeing their practice," he said. "That's the cornerstone of our business, essentially."

The duo will run "hundreds of millions or billions of variations" of password patterns and test those against the encrypted version of the wallet, said Chris.

"If you don't have a very good [password]  guess, there are more possible passwords than there are atoms in the universe, and I'm not being facetious when I say that," Chris said.

The Brookses said decrypting times vary but occasionally can take as little as five seconds. That happened with a client whose list of nine potential passwords contained the correct one. Charlie said they worked for roughly a month and a half with the client who turned out to have about $250,000 in his wallet.

Security measures they take include having clients sign a contract stating they are the owner of the blockchain wallet being worked on. The two get paid on a sliding scale. Starting with wallets containing between zero and 10 bitcoins, or an equivalent value, the team will earn a 20% commission. There's no charge to clients if they can't recover any funds.

Chris said a number of their clients live in countries where people are largely unbanked.

"They may have a wallet with a couple of hundreds of dollars in it and that is their life savings. If they lose the password to it, they have no access to it anymore," said Chris. "In some sense, it can be a heartbreaking piece of the business … we do crack some of [the wallets]. It's a balancing act to be helpful without going too fast down a rabbit hole."
https://www.businessinsider.com/locked-crypto-wallet-password-recovery-cryptocurrency-chris-charlie-brooks-btc-2021-9?amp

Our joy don cut short as one of our broda wey dey accept for bestchange don get ban for plagiarism wey e comit years back. Make una send una prayer give @Mpamaegbu because dis one na real village people mata. Also make una dey try come interval for una people problem. Make we no jusyydey dey divided. Na only when we dey together we go fit go far oh  I remember when dey ban one person like dat for Russia board, e people come put mouth for her matta and den self she never become d Snr women she be now for forum.

I dey bring dis mata up as Incase Mpamaegbu wan appeal e go need our support. If you look d mata self you go see say na mistakes because no be user wey no dey put source link for e mata dem. Also as una dey post make una dey crosscheck oh to make sure everything dey in order. E no make sense say you go surfer build ur account finish, village people go just reason your mata one day den because of mistake you do, dem go just rubbish all your efforts, e no make say at all.

Anyways ma people how una Sunday dey go like dis, hope say una go go church oh. I dey hungry but I never Sabi within I wan chop, belle just tight for nothing meanwhile food dey hungry me lol.

This comes as a shock to me and am filled with sadness getting to know about the news of his ban. @mpamaegbu was a quality nigerian on the forum, who went about to give out his knowledge to the forum to the best of his knowledge, and I think we should uphold the spirit of support towards him in any little way we can, I think the next step for him is to appeal, and his contributions to the forum is loud and even non-nigerians can testify to this, so let all pledge our support to a compatriot at this time.
Further more as @cryptoprenurbrainboss has urged let always becareful especially now that we are beginning to get recognition.