Friday, 15 January 2021

Tor-enabled Bitcoin nodes are back after bug on network

 Anonymous Tor-enabled Bitcoin nodes normally make up as much as 25% of totally reachable Bitcoin nodes.

According to the latest data from node monitoring resource Bitnodes, Tor-enabled Bitcoin (BTC) nodes are back to normal following almost a full-swing crash in early January 2021. As of Jan. 13, the number of reachable Tor-based BTC nodes amounted to 2,581, up from as few as 122 nodes on Jan. 9.

Thursday, 14 January 2021

Flash coin BTC Scammers, Don't let this happen to you.


Guys, be careful this 2021 and wait for at least one confirmation before you pay. If the seller is sending from an external wallet. Flash coin sellers are cashing out. They just scammed a  guy N4,000,000. The funniest part is this, he has gone to the Police station trying to block and so on. Police said he should come back on Monday and also later asked him to pay some amount of money in other to help him track down the scammer. 

One can bet the flash coin seller already cleaned that money via a 3rd party and now leaving both sellers and buyers as victims.

Always do any kind of KYC(Know your customer) before you sell BTC or buy from sellers.

Also, change your Wallet address each time you receive BTC with it. Some Thieves watch your wallet incoming BTC on Blockchain explorer and send a screenshot of fake payment, imitating a real sender.

Always generate a new wallet address each time.

What is Flash Coin and how is the scam done by scammer.

The scammer uses a kind of old software that imitates BTC(Probably one of the old coins that halved but could not continue mining BTC) to send out fake BTC that will never get confirmed on the BTC network.

The picture above is a sample of one of the app or software being used by the scammer to con unsuspected buyers. Once the buyer pays without waiting for confirmation, it means the buyer has lost.

A buyer must wait for at least one confirmation before making payment to the seller's account in other not to fall for these flash coin sellers.

Saturday, 2 January 2021

Long term analysis for Bitcoin in 2021-2022.


Bitcoin scarcity is and will be the forerunner for bullish movements never ever seen in an asset until today. The existing upward movement is stretched, but having less bitcoins available in the market has been decreasing each and every day, this makes any bet from this upward trend very risky. Every asset growing exponentially tends to improve with time because of the normal realization of profits available in the market, but as we are in times of chaos and uncertainty worldwide, we genuinely believe that now it won't happen with the key protection asset against industry CHAOS nationwide and worldwide.

The total market cap is very close to breaking its 2018 high where 71% of that value is represented by bitcoin.

This shows that there are great chances of reaching absolute dominance above 80% in the next year due to its scarcity and its strong anti-inflationary system.

The world is experiencing the brutality of an inviolable idea, many who criticized and scoffed at the beginning saying that it was child's play, today are desperate, angry, regretful, and inventing all kinds of bubble theory.

When something is born in the middle of chaos it is prepared to overcome chaos.

Satoshi Nakamoto knew well when he started the genesis block, that in the world there will always be chaos, and that the only way to fight it would be with an immutable idea, where no one would own it, nothing centralized and that over 10 years would be the beginning the great transition.

Every day the world governments inflate their own currencies more, thus promoting a devaluation of them. This massive impression ends up affecting all sectors and directly in the price of the raw material, forcing the lack of world input.

Large investors have no other choice but to look for a safe asset, easy to store and with a limited issue, which has clear rules and which has its issue cut in half every 4 years.

Yes, this asset exists, it is one that many people scoffed at being a nerdy game, which at the moment is "expensive", but we believe that it is still cheap and there is time for institutional investors to put their billions of dollars in it.

2020 was the year that most used digital account and digital money, governments around the world are changing their system of issuing colored paper based on the honesty of politicians. Paper money will get more and more dead every day, with that, bitcoin will become more and more known and alive.

The evolution of money has started, and a new low-cost storage reserve, easily accessible, with no third-party involvement in storage and with 100% security, starts to gain space and will fight until it finishes yet another competitor, GOLD.

2021 is going to be a year of turmoil with the arrival of institutional investors and as a result, it will increase the attention of regulators, who will try to reach bitcoin by the weakest part of the market which is the altcoins, but all this will not make much difference in the long run because everything tends to go in search of a solid monetary policy offered only by bitcoin.