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Showing 20 of 2,650 results by Ambatman
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Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
Ambatman
on 31/08/2025, 18:25:23 UTC

So in the next 4 years we're at $1 million per BTC? I wish I were that optimistic, but people are less and less likely to stand firmly on the ground and fail to take into account that, first of all, 4 years is too little time for this to happen, and also that in a little over 3 years, the crypto president will go down in history, and I sincerely doubt that he will be succeeded by someone similar.

His tenure performance will play a role on how the successor would pan out
If betting on Bitcoin being a strategic reserve plays out well and is implemented
Then there's likelihood the successor Would take same mantle.
Hence why I say this few years are important in building how Bitcoin would be.

This just shows that Bitcoin success is now being closely attributed to the government.
Post
Topic
Board Meta
Merits 1 from 1 user
Re: Report Malware and Suspicious Links here so Mods can take Action !
by
Ambatman
on 31/08/2025, 06:42:40 UTC
⭐ Merited by Lafu (1)
https://bitcointalk.org/index.php?topic=5557496.0
They are back at it again
Though now more aggressive with some changes on the doc file
And topic titles
Don't account That do this get nuke? I'm aware they can make another one
But an account with merit is more effective in pushing scam than one without.
Post
Topic
Board Economics
Re: Trump and the pressing rate cut
by
Ambatman
on 30/08/2025, 16:14:09 UTC
To me, this is the point.
A 25 cut is a policy error, in my humble opinion, but this cut or even a 50 bps one, aren’t going to change anything in the big scheme of events.
I am trying to say is a bit different. Even if it is an error, it is not going to destroy the economy. Do the cut, observe what happens and let's see if it is a mistake or not.
And would a rate cut save the economy? No I highly doubt that
The recent Tariff drama is one major variable that is making them try the wait and see approach
What impact is it going to have on inflation and the extent
It would definitely push inflation and a rate cut would also do same.
The US is in a tricky situation they might be heading into a recession (which could encourage the rate cut).
Post
Topic
Board Bitcoin Discussion
Re: El Salvador moved their bitcoins
by
Ambatman
on 30/08/2025, 15:38:30 UTC
This is nonsense in my opinion. Why give a filmsy excuse that they are protecting from quantum threat
Which isn't even a thing yet
They are making it seem like they plan to sell some Imo.
I would understand if they are trying to prevent all their oranges being in one basket
Quantum first threat is on reused addresses/addresses with known Pubkeys.

This is just pushing unnecessary FUD.
Post
Topic
Board Bitcoin Discussion
Re: Can 100 billionaires buy total supply of 90% BTC?
by
Ambatman
on 29/08/2025, 17:33:58 UTC
 Know understand your calculation or the basis to your prediction. And to your questions

1. Depends if there are sellers and the true number of lost Bitcoins.
If everybody is hypothetically willing to sell and there's no lost Bitcoins then yes
But in real life it won't be possible due to reasons I just mentioned
And also the price would be more expensive as the demand exceeds supply.

2. Bitcoin price isn't Bitcoins protocol. Bitcoin protocol is decentralized in nature and few people owning Bitcoin wouldn't directly change that. '
Post
Topic
Board Bitcoin Discussion
Re: Ghost UTXOs: Satoshi's Legacy or a Threat to Bitcoin?
by
Ambatman
on 29/08/2025, 16:16:58 UTC
Quote
If one day these "dead UTXOs" become a burden on the network, might the Bitcoin protocol need its own mechanism to delete or even destroy old UTXOs?
This goes against Bitcoin ethos on immutability and property right hence the major pullback on the quantum resistant proposal.


Quote
UTXOs continue to grow over time, some even remaining untouched for years.
The growing size is something that we have to face in the future and ordinals had a hand in pushing it
But Node pruning which reduces blockchain storage though not UTXO set size can help mitigate the increase in size downloaded by full nodes.

Quote
Or could the existence of these "ghost UTXOs" hold the key to creating a new kind of privacy
They could but I believe Taproot are more practical.
Post
Topic
Board Beginners & Help
Re: Emergency Access for Bitcoin Wallets – a Thought Experiment
by
Ambatman
on 29/08/2025, 15:37:53 UTC

Let me start with this thing doesn’t have any business with bitcoin network, the bitcoin doesn’t know or care about anything related to how you access you bitcoin on the blockchain, how your private key or rather seed phrase that is supposed to be use for this been handle doesn’t actually concerns the network
Technically it can through Bitcoin script
A programming language that helps in creating complex transactions involving specific conditions.

Conditions like one OP is speaking about.


I know it sounds wild—maybe it requires some kind of clever cryptography or smart contract wizardry—but I wanted to put it out there and see if anyone has brainstormed anything similar.
What I can think of is using Bitcoin scripts. One on Timelock
CheckLockTimeVerify can help with that.
One path that would verify your Pubkeys directly Incase of an override and the other path to meet the conditions set by you
Including the wait period which you can measure in block time.
Post
Topic
Board Meta
Merits 2 from 2 users
Re: Report Malware and Suspicious Links here so Mods can take Action !
by
Ambatman
on 29/08/2025, 08:16:30 UTC
⭐ Merited by Mitchell (1) ,Lafu (1)

I find the link in this thread suspicious Interesting method to make huge profit on BTC trading
Not only did the account posted for the first time since 2018
The only one that replied before they locked it posted last few years ago.

And I don't really trust people that supposedly voluntary share method to make money.
Post
Topic
Board Speculation
Re: "Are Ordinals Good or Bad for the Bitcoin Ecosystem
by
Ambatman
on 28/08/2025, 19:20:15 UTC
I have read somewhere that Ethereum type of dapps to be developed into bitcoin's network to be having tokens into bitcoin ecosystem. I am not sure about its development but you are sounding like similar to that.
I doubt that would ever happen. Dev can't be that stupid right? Right?
Let's leave Dapps and the likes for Ethereum and it's counterparts
Bitcoin should be simple and secured. Let them improve on what it already has first before thinking of going off the rail
Specialization has its strength.

 
Quote
People are experimenting with art, NFTs, and even data storage directly on chain, which some might say adds value or relevance to Bitcoin in a more creative context.
But on the other hand, this comes at a cost.
The truth is everything comes with a cost. What we weigh is if the cost is what the returns
And in the case of ordinals the sentiment is divided and subjective.
Post
Topic
Board Speculation
Re: Bitcoin is more preferable when it comes to others coins scheme
by
Ambatman
on 28/08/2025, 18:46:25 UTC
Never really been a fan of airdrops and anything that ask for referall especially investments is a scam in my book.

Quote
Bitcoin small small using DCA strategy and you don't have to wait till have source of income before you can invest,
I will advice having a source of income because that's where most times you can cough out or have a discretionary income.

And to your topic, Bitcoin isn't just preferable it's the best option when it comes to other currency whether digital or traditional.
Post
Topic
Board Economics
Re: Everything you wanted to know about Bitcoin Strategic Reserve
by
Ambatman
on 28/08/2025, 18:27:01 UTC



I think this is possible.

What do you think?Huh
I think I would disagree with the statement as Bitcoin being the best Real Estate
I think they meant the price, but Bitcoin isn't and can never be a Real Estate.
I have seen people that consider real estate as nothing and that there are other investment better
Well it's quite different in my country
Lands and properties are productive asset in my country
Hence why mY favourite assets (likely the only ones I care about) are Bitcoin and Real estate (physical not stock).
Post
Topic
Board Meta
Merits 1 from 1 user
Re: Request: Disable merits in the Wall Observer thread
by
Ambatman
on 28/08/2025, 15:01:00 UTC
⭐ Merited by joker_josue (1)
For the latter, making all members merit source effectively means removing the merit-source tag and giving all members 'x' amount of merits each month to distribute. Theoretically, that was something that could have been implemented in the first place.
The issue is majority of any idea that can be thought of Would be misused
It's not that the system is bad is just that it involves humans. And we humans are good at finding loopholes in every system.

The case of everybody being merit source. I saw something similar in Altcointalks and the abuse is obvious.
And even if the merit system is removed, people would still find a way to abuse the system.
Post
Topic
Board Meta
Re: [howto] Privacy and security are important, short list of do and don't
by
Ambatman
on 28/08/2025, 14:39:15 UTC
I always love thread that are encyclopedic in nature.
I will find time to check out these threads. Definitely going to help broaden my horizon.


I'd like to add this because it was an information I learnt about this year despite being in the forum for sometime
Fees are low? Make your coins more private and (almost) quantum safe!
It's about address reuse by D5000, it talked about the risk of address reuse on privacy and security.
If it meets the requirements of the list you can add it.
Post
Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
Ambatman
on 28/08/2025, 14:29:41 UTC
Galaxy is looking to become the Strategy of the Solana ecosystem: a bit more aggressive than Strategy, actively pursuing yield through yield farming strategies like staking, or opportunistic market making (whatever that means).
Strategy bootstrapped an entire ecosystem of yield-enhancing Digital Asset Treasury companies.
The next we would hear about is dogecoin. Many are blinded by strategy success
Forgetting that Bitcoin ain't like the others. People are going to start calling crypto scam once these shitcoins gamblers fail.

Finally, if they really think about it, how much does their strategy work?
Strategy? No matter how beautiful their strategy may seem
It wouldn't change the fact that the floor they are standing isn't strong enough.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Security
by
Ambatman
on 28/08/2025, 14:22:46 UTC
From your previous post, you already stated that you a newbie
I would advice searching for topics before creating another
You can use Google Search engine or alternative while adding bitcointalk to the topic
Or you can use this site to search for topics
https://talksearch.io/?utm-link=bitcointalk

Quote
I ​​believe this algorithm would be easily cracked using overlay algorithms like Shor's.
Easy is a string word. The level of technology that can do such doesn't exist now or in five years.
The first thing that would be at risk to Bitcoin via quantum computing is addresses with known Pubkeys.
Post
Topic
Board Meta
Re: Ranking up/down
by
Ambatman
on 28/08/2025, 01:14:07 UTC
This doesn't affect newbie or low ranked account from spamming
There are quite a number of user(s) with high post counts but barely any merit
But they are still junior member or member
Which changes nothing is their rank is supposedly reduced.

I have seen users that make quality posts on the economics board but not all are opportuned to receive a merit.

The thoughts behind your idea is noble, maybe one in an hundred. Too easy I know but wouldn't affect traffic much.

This doesn't stop account farmers from keeping their rank though
Post
Topic
Board Bitcoin Discussion
Re: An Opportunity for Bitcoin P2P Usage
by
Ambatman
on 26/08/2025, 23:02:31 UTC
Wait, you mean you folks haven't been having any sort of income tax before?  Grin
Most countries around the world that I know do have it, and it's mostly around 30% depending on the income class.
We did but it started before at 300K Naira which was 7% until it was increased since our minimum wage was increased of recent
Our maximum 25% which is way better than most countries though I still complain about it Lol.

What they will do next is start introducing capital gains tax (tax aimed at your digital investment profits)

Quote
As for P2P, it appears your country was all over the news over banning cryptocurrencies, including arresting some Binance officials. Some people even complained of banks blocking their accounts for getting involved in P2P trading. How did this end?
Well not fully Green but it's not illegal to own Bitcoin
There's even an amended portion in recent Act to account for gains from it
The only ban is that Banks are banned from engaging or getting involved in cryptocurrency.
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Topic
Board Bitcoin Discussion
Re: An Opportunity for Bitcoin P2P Usage
by
Ambatman
on 26/08/2025, 22:51:58 UTC

This means that most of us here and the masses in Nigeria will be paying 25% tax to the government soon, as long as you earn something good above 800k (Naira) per year!

No that's not how it works. It's a progressive tax rate with 25% Been the maximum increase from previous 20%
Above 800K which is our new floor to 3 million Naira is 15%

https://www.google.com/amp/s/dubawa.org/will-nigerians-earning-about-n800000-yearly-pay-20-personal-income-tax/%3famp=1

You can check the link above for the comprehensive list.

And if you an Hodler, your Bitcoin is subject to Capital Gain tax which is 10% of realized profit


I believe this thread would be better suited in our local board.
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Topic
Board Altcoin Discussion
Re: Alert : Maxis are devouring Altcoin !
by
Ambatman
on 26/08/2025, 22:32:26 UTC
I don't think altcoins performance and Bitcoin increasing dominance has anything to do with maxist
It just shows what investors are willing to trust their money on.

Quote
Bitcoin maxi means that Eric Trump thinks Bitcoin is the only real cryptocurrency,
I doubt Eric really understands much about Bitcoin. But can't blame him for settling with the best and truest.
I'm not saying altcoins don't have their use, but when we talking about Real money, then Bitcoin.

Quote
when Bitcoin Dominance increases, the price of altcoins decreases
You are mixing it up. Fall in altcoin prices in relation to Bitcoin is what increases bitcoin dominance
Or when Bitcoin rise more in relation to altcoins.


To be sincere the biggest competitor's of altcoins are altcoins. The market is quite broad and competitions are rampant
Hence why investment is scattered around. So not on Bitcoin but the existence of large numbers of Bitcoin.
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Topic
Board Meta
Re: Why still plagiarize when there is AI?
by
Ambatman
on 26/08/2025, 22:09:24 UTC
That's because most people plagiarise because it's easier to do
Just copy and paste. No need to use one's brain.
So even if they start using AI they are going to do same.
Everybody has a choice and they chose plagiarism so even if there's an alternative, they would still pick plagiarism.
So having access to better research tool doesn't prevent the existence of individuals that would love to play smart