reservd:
I guess we should just rename this thread tbills/cryptocurrency

HeliosHay:


Generating one single bitcoin is not that easy...it takes a LOT of energy and computer processing power to mine for bitcoin.

Miners are essentially rewarded in bitcoin when they solve a transaction problem by getting their computer to "guess" the right answer to the problem. The first miner to guess the right solution wins. After this solution is validated it becomes part of the blockchain and the open ledger is updated to reflect this new addition to the chain. Everyone then moves over to the next transaction problem to solve.

The more miners are involved, the more difficult and expensive it is. It was deliberately structured this way to help control supply

The blockchain protocol validates transactions that are legitimate so the issue of hiding behind proxies won't apply.

With bitcoin, you don't have to worry about inflation as it's the first currency that can truly stake a valid claim as being scarce since there's a limited supply. Once we get to 21 million bitcoins in circulation that's it.

This is the reason why some people believe the price of 1 bitcoin will eventually exceed $1million. Once we max out supply, demand will carry more weight

The below video will help you understand more about it.


https://www.youtube.com/watch?v=DuoE5CXlIdY

Barrytone:


What happens if that solution is cracked in future at ease because of advancement.

HeliosHay:


There's no need to attack him. He said he's a novice and would like people to help him (and others) clear some grey areas.

@Barrytone, I'm not an expert on Bitcoin but from what I understand

1. There's a finite supply of Bitcoin (About 21 million)
2. The very nature of it means it can't be regulated

The price is currently very erratic because there's a limited supply and it's highly sensitive to supply and demand.

Bitcoin is currently less than 10% of my investment portfolio so I'm not that exposed to it..helps me stay emotionally neutral during these erratic swings.

Barrytone:
Crypt: someone said the coin is scarce that's why price is up and I ask, who mint the coins. Who regulates it. Who tells him to stop printing. A day will come like mmm when everybody will have crypt and there will be no buyer. What will happen? When can I buy with those coins in Alaba or ladipo. Can I buy cement with it.
Am a novice and will like us to clear some grey area here to educate novices like me. I reiterate, I don't like too much money. One thing at a time, crypto to the left, we are tbillers.

holyprime:


holyprime300 @ yahoo com

ukay2:
Please what is CBN stop rate for primary NTB today?

Thanks...

TotoNaRubber:
Exactly, bitcoin is like ashawo, if you turn am one side to enjoy the fvck e go change price.

yemioke:
Please help me.
What can i say and how can I wake the treasury account officer?

I invested on 1.2 m in treasury bill primary market at FBN, I received debit alert on 24th of June and was paid upfront interest of 3208.75 on 30 the of June, please. Please yesterday was auction date. How can i received alert on 3th 0f june before the auction date? I invested in 182 days.

Can the interest be as low as that.

yemioke:
Please help me.
What can i say and how can I wake the treasury account officer?

I invested on 1.2 m in treasury bill primary market at FBN, I received debit alert on 24th of June and was paid upfront interest of 3208.75 on 30 the of June, please. Please yesterday was auction date. How can i received alert on 3th 0f june before the auction date? I invested in 182 days.

Can the interest be as low as that.

mayourbash:
I don't get ur figure, u mean 3,208.75kobo? Is not possible

yemioke:
Please help me.
What can i say and how can I wake the treasury account officer?

I invested on 1.2 m in treasury bill primary market at FBN, I received debit alert on 24th of June and was paid upfront interest of 3208.75 on 30 the of June, please. Please yesterday was auction date. How can i received alert on 3th 0f june before the auction date? I invested in 182 days.

Can the interest be as low as that.

yemioke:



Please i need gurus to help me with this situation.

yemioke:



Please i need gurus to help me with this situation.

yemioke:
Please help me.
What can i say and how can I wake the treasury account officer?

I invested on 1.2 m in treasury bill primary market at FBN, I received debit alert on 24th of June and was paid upfront interest of 3208.75 on 30 the of June, please. Please yesterday was auction date. How can i received alert on 3th 0f june before the auction date? I invested in 182 days. If
Can the interest be as low as that.

ositadima1:


Something is definitely wrong, let's assume 10% interest for 1.2 m, you get 1.2 x 0.1 = 120k per year. For 182 days you have 120 x 182 / 365 = 59.8k. You are supposed to get around 59.8k . You have to go back to your bank and demand for clarification.

Another thing, be super careful while filling the form they give you, any mistake will affect your tbills terms.

yemioke:
Please help me.
What can i say and how can I wake the treasury account officer?

I invested on 1.2 m in treasury bill primary market at FBN, I received debit alert on 24th of June and was paid upfront interest of 3208.75 on 30 the of June, please. Please yesterday was auction date. How can i received alert on 3th 0f june before the auction date? I invested in 182 days.

Can the interest be as low as that.

FIDELITY24:
With the above article it means Stanbic 364 days tenor won't pull through coz i was offered 12.02 percent by stanbic.

igbizen:

How did you know that was what Stanbic used to bid in the primary market? Maybe you did secondary market. Or perhaps you are preview to information. Pls let us know, so that we can also get informed.