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Showing 20 of 3,155 results by BenCodie
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Board Services
Re: [OPEN] Betpanda.io Crypto Casino | Signature Campaign | Sr Member+
by
BenCodie
on 21/07/2025, 14:29:32 UTC
Rank- Legendary
Segwit BTC address- bc1q66894j3psankmwxpn0733w6zfxqcc7ylkfp05h
Post
Topic
Board Scam Accusations
Re: BC.GAME withdrawal suspended. Am I getting scammed?!
by
BenCodie
on 19/07/2025, 15:34:44 UTC
Uhh holy afraid holy will be the bringer of bad news.

So, my contact reached me yesterday night, though I was only with my personal phone yesterday and didn't have any way to validate or invalidate their claim. But today, with my forum device at hand, I can confirm their rebuttal.

Did you not get blocked by the message? Or were you using VPN?

Hey Holy I just want to follow up real quick if you are still in contact with them regarding my funds or if you think that you wont be able to help me?

otherwise I'm seriously considering taking legal action against BC.GAME since them keeping my deposits is blatant theft.

Yes, I do. I think we're kinda have a verdict of your situation, though I am not sure if what they deliver to me is their final decision or their opinion that's open for discussion.

Basically, I inquired an archive of 2024 ToS from them, the full version, like the one we can see when we visit their ToS page, to see if it did doesn't cover VPN. Their explanation, practically, there's not much they can do if the user used VPN. They've give their best to inform people following the updates of restricted jurisdiction. Not just with a pop-up of "we update our ToS, please check them", they actively restrict access from restricted territory as I simulated above. Suppose the player did not in constant VPN, the player will get this block message, they've give their best to make sure affected region is well informed.

However, for the case of those who constantly masking themselves with VPN, they can't force such information as it's out of their hand. The choice is yours when you choose to be in constant VPN, thus missed.

Which means they keep my deposits too? how is this justifiable?

Your case (being banned for using a VPN, which is something that almost ) is another case that proves that bc.game will scam for any amount for any reason.

According to security.org, 29% of personal internet users use a VPN. I am sure that statistic is higher when it comes to people who use cryptocurrency, though lets say that is also 29%. That means that an average of 29% of all players who do not read the bc.game TOS will be subject to losing their bitcoin or cryptocurrency if they use bc.game.

This is added on top of the KYC scam tactic, where they allow users to play and confiscate their deposit and winnings if they do not comply with excessive KYC requirements, which sometimes people do not want to or can not complete.

As I mentioned earlier, bc.game is a serial scamming operation that finds any reason to lock accounts and balances. A new complaint is made about bc.game almost daily, and there would be many more who are incapable of defending themselves who would lose their funds to them and their tactics, or accept the verdict because they do not know what else they can do. They also have an army of users here who will do and say anything to discredit anyone who points out this fact, and try to hurt their credibility for pointing out bc.game's malpractice.

Please stick around on the forum to help raise awareness for the bc.game scam. More public action will be taken against them in the future. The only thing you can do now is fight against them by raising awareness in an effort to end the bc.game scam that has both corrupted members of this forum and gone on for too long.
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin Developers float proposal to freeze Quantum computers.
by
BenCodie
on 19/07/2025, 15:21:44 UTC
⭐ Merited by Felicity_Tide (1)

The quantum topic is almost always misinformation about something that is portrayed as here and now, though is still years away (if ever possible). I suppose the bright side of this proposal is that it insinuates that the threat is still at least 5 years away.

My question has never changed especially when It comes to quantum attack related topics. Why is Bitcoin always the point of discussion when there are literally hundreds or even thousands of things that can possibly be attacked?. Okay, I understand that they are trying to address future possible problems before hand, but are quantum computers dedicated to be a threat to just vulnerable wallets or Bitcoin itself?.

I've watched a few videos, especially on special quantum computers from very big companies, but most things that are being said are always based on theory. I'm not sure of howfar we are from any future possible attack, but I really look forward to seeing how this proposal is treated.

The answer to your question is quite simple. Quantum computing is an effective way to spread fear, uncertainty and doubt about Bitcoin, since quantum computing is a theoretical future threat that can be portrayed as a current one. It scares new investors from entering the market, and maybe even scares people into thinking the sky is about to fall, causing them to sell their btc and doubt its future. It is becoming more and more effective with time as technology evolves at a rate that people can't understand, especially now that we are in an era where evolving AI exists as well.

Why do they not think about consequences on less evolved systems? I think that because to most, Bitcoin is not a necessity, and to those that believe the quantum threat, it's an excuse to doubt Bitcoin's future. For what they perceive as necessities (like banking or online accounts), there is no choice but to trust and not to fear any consequences (until of course, it's too late and there is a need to look at alternatives).

I think the reality of the quantum threat is that it will effect traditional systems before it effects Bitcoin, and may even be a catalyst for even further adoption if something ever were to happen.
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Topic
Board Gambling
Re: Where does the $$$$ GO on KYC failure
by
BenCodie
on 19/07/2025, 15:11:34 UTC
Logically, this is correct. Before any bet is even placed, KYC should be required. However if this was the case, a lot less people would use casinos. So instead, the casino lets people play, lets them lose without KYC, and if they win, then ask for KYC. It's malpractice, at best.

This is working very well for the casinos since they are earning huge amount of money from players who are losing on their site.
It's no rocket science to understand that people are eventually going to lose money in the long run.
May be this is why casinos don't tend to ask for KYC initially and let players gamble without KYC.
If they ask for KYC then they will be losing their users but asking for KYC only when players win a lot is a like a win-win situation for them and they are using this method to their best.

You've got it right. At some stage, casinos realized that they can not just win from losing players, but also from winning ones, through KYC...and it seems that not only has everyone on the forum let it happen, but they deny that it happens. I'd say that's a sign of some form corruption, others deny that any form of corruption exists. What do you think about the forum allowing this kind of practice by casinos?
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Board Trading Discussion
Re: ICO, IEO, STO, IDO, Fair Launch and Pre-Market, FAILED! What's Next?
by
BenCodie
on 19/07/2025, 15:03:03 UTC
That's a great point too. I cryptocurrencies deserve a classing system better than just "altcoin", "shitcoin", and "memecoin". There's not really an official or unofficial grading system other than these terms and vague terms like "utility token" that help to differentiate one cryptocurrency or token from another in terms of quality, which is a problem.

Here, I got you covered:



But to be more serious, 99% of the other coins would just be dumped into the "Shitcoins" category.


Pardon me, and I don't want to offend you, but it's actually so laughable that you included Ethereum in the second row together with Monero.

 

Ethereum deserves to be BELOW the third row with the other Proof Of Stake shitcoins in my opinion. If their developers didn't throw Proof Of Work out of the window, then MAYBE it deserves to be in the third row.

¯\_(ツ)_/¯

It depends how you look at it. Ethereum's network works with POS, and it works well. It's not to say it's as good as Bitcoin, though it works (is all I'm saying).

If you think of aspects like age, supply distribution, tokenomics, etc. Ethereum is good for its use case (as is Monero, which has its ups and downsides too but good for its privacy use case).

Anyhow, NotATether did not make the image - it was just an example pulled from somewhere. I'd agree that the image needs a lot more work to make it accurate, it's pretty bad categorization but the concept of what they're attempting is good.


There's no "it depends" in this situation, because it's a FACT that Proof Of Stake doesn't work like what it's being "marketed" to be. There are trade-offs accepted in POS, and there's definitely a different security models, which "could be OK", but it's not the same as what we get from Bitcoin or any Proof Of Work network that has enough hashing power.

Therefore, "POS-Ethereum" is a lower form of "Ethereum".

It does depend on how you look at it,


Depending on how YOU think about it doesn't change the technical side of the network. What you believe WON'T change what it truly is and how it functions.

Quote

because it relates to the the blockchain trilemma, where scalability, decentralization and security are very difficult to achieve fully and perfectly. Bitcoin prioritizes security and decentralization with POW, while Ethereum prioritizes scalability with POS. Ethereum marketed itself primarily surrounding its smart contract feature, choosing POS was the right move to ensure that this feature and all that surrounded it could scale. I'd not call that the choice to transition to POS to become "a lower form", I'd call that a move that was required for their survival, and a good example of the trilemma.


Ser, you're not getting the context. What you just posted doesn't matter. Proof Of Stake simply has a security model  that's NOT the same as what you're getting in Bitcoin. There's a trade-off there, and it may be a bad one because POS is consensus within the network, POW is consensus that's independent of the network.

I understand that security is stronger with bitcoin due to its consensus mechanism, I have not denied that. What I have said is that Ethereum has improved its scalability with POS, which is somewhat required for that network to survive considering its smart contract functionality and transaction frequency.

This pertains to the Blockchain trilemma, which if you properly understood it, you would not be telling me that I'm "not getting the context" Smiley

The trilemma is not how I think about it, it's about how researchers have thought about it. That's the difference between what you're concluding, and what I'm highlighting Wink
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Topic
Board Speculation
Re: Retail investors paticipation. How to monitor it?
by
BenCodie
on 19/07/2025, 05:04:52 UTC
It might be possible to retrieve/monitor data on transfer sizes (deposits and withdrawals) in labelled exchange wallets to gauge retail activity. Trading data based on size may be inaccurate given small transfers can be done at high frequency by whales, though accuracy could be improved by filtering by total wallet volume and balance size. These are all just ideas and would be valuable data but might require some work to get (especially since there are so many chains to monitor and get data from now).

Have you tried to see what data you can get from there? You'd probably need a paid plan to get meaningful on-chain data, but they're good.

There is some off-chain data that can give ideas on sentiment (like social media and google trends) though they're just to get an idea of sentiment.
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Topic
Board Beginners & Help
Re: Hello
by
BenCodie
on 19/07/2025, 04:53:09 UTC
Hello, I received some bitcoin for somebody back in 2005 around when I was in middle school.he paid me it through Facebook. I remember it very clearly as I was in class on that day in 7th grade.i had the bitcoin account in my yahoo mail but yahoo closed my email account, does anyone know of any way i might be able to recover the bitcoin somehow.
Two important points for you.
  • Firstly, register an account with an username as your email address is very bad in privacy. It can put your email address under spam attacks and highly potential scam contacts.
  • Secondly, you confused about Bitcoin. There is nothing as Bitcoin account, and surely no Bitcoin account in your yahoo email address.

The only thing you possibly did is created an account on a centralized platform that can be either a centralized exchange or any platform, and you considered it as your Bitcoin account while it is actually not.

This is a bad practice and there is warning on it.
Reminder: do not keep your money in online accounts.

Another thing is you store its information in your email address, and if you actually did it, you did had terrible practice. Some guides on security and privacy for you to improve your practice in future.

You made a good post that is generally good for newbies, however I think that if this person is believing that they had Bitcoin in 2005 (4 years before Bitcoin even existed), I doubt that they will pay much attention to all of the effort you just put into this post.

They also supposedly created the account in 2005 (20 years ago), so you are technically advising them based on their actions 20 years ago and whilst they were in the 7th grade Roll Eyes
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Board Service Discussion
Re: Presenting the AGORA: P2P Bitcoin-only Marketplace
by
BenCodie
on 19/07/2025, 04:36:52 UTC
This has the potential to age well (as all P2P creations do). My feedback is that more effort needs to be made on the ui/ux. Without looking at this thread, I'd have assumed it was a reddit-style board more than it is a marketplace. I also did not want to create an account, it would be much better to be able to see more of the functionality in action as a guest before being forced to setup an account, and generally I think that if guests can see more of the functionality before being require to setup an account, willingness to set one up increases. Just my 2 sats. Good luck with the project! Smiley
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Board Altcoin Discussion
Re: Are "Stablecoins" Really Stable?
by
BenCodie
on 19/07/2025, 04:22:01 UTC
They work on the concept that bitcoin is "volatile" and USD is "stable" in terms of the value for exchange. USD is always "worth" 1 of itself, while Bitcoin fluctuates against the USD.

The trade-off of "stable"coins? Exactly what you said, the hidden cost of deteriorating purchasing power and against other assets. Though this is not commonly known. The dub "stablecoin" is something that people understand, for the same reasons that many still do not properly comprehend that money deteriorates in purchasing power over time.
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Board Beginners & Help
Re: Hello
by
BenCodie
on 19/07/2025, 04:12:52 UTC
It has created unnecessary stories, how he created a Bitcoin account on Yahoo Mail in 2005 is very mysterious to me.
If I am not mistaken, how did he transact money on Facebook in the past in 2005 when he was in seventh grade? It seems completely fabricated to me...

Obviously the story is completely fabricated and impossible, the very first bitcoin block (the genesis block) was mined in January, 2009. Bitcoin didn't exist prior to the genesis block Roll Eyes Roll Eyes
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Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin Developers float proposal to freeze Quantum computers.
by
BenCodie
on 19/07/2025, 04:06:24 UTC
⭐ Merited by vapourminer (1)
Quote
Re: Bitcoin Developers float proposal to freeze Quantum computers.

Freeze quantum computers? What? Your title doesn't make sense. Do you mean freeze legacy addresses?

Yes, a better title would be "Bitcoin developers float proposal to freeze quantum-vulnerable legacy addresses".

It looks like this proposal would give bitcoin holders up to 5 years to move your coins to a new quantum-proof address.
Any funds left in legacy addresses after that time would be permanently frozen, but there would be some kind mechanism
to prove ownership to unlock frozen funds.

Freezing funds is an extreme measure, but might be justified given the extreme threat of quantum computing
to the bitcoin network. If they get it right it could work.

This says to me that we are still 5 years away from quantum technology becoming a threat to legacy addresses (otherwise, why allow 5 years to move coins, and not freeze them now and add the recovery option if the threat is already here?).

The quantum topic is almost always misinformation about something that is portrayed as here and now, though is still years away (if ever possible).
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Topic
Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
BenCodie
on 19/07/2025, 04:00:23 UTC
The more likely scenario is manipulation by banks and wall street in order to try and accumulate more coins for cheap. Depending how desperate they get, determines how desperate their measures go both within the Bitcoin market and outside of it. This is nothing new, during earlier times where people and entities competed/fought for rule over assets and commodities, banks and wall street were known to play dirty. No different this time.

Centralization through ownership of supply (which would effect the market, not network) is a possibility if people sell to them. Centralization of the network is a much larger and more complicated task, requiring control over territory and influencing/controlling both local and international mining operations.

I know that concentrating the supply in the hands of a few affects the market. But if big players hold all of the cards, it would be almost impossible to get access to crypto. I mean, big institutional investment firms and governments holding all of the coins where it's only possible to buy/sell through them. Most people nowadays leave their coins in exchanges instead of their own self-custody wallet, so expect things to get worse in the long run.

The only coins governments and institutional firms are buying are BTC and ETH. So the rest are safe from harm's way. At least, for now. Who knows what will happen in the future?

I suppose that may have been in mind when creating 8 decimals. Even if banks want to hoard and control majority of the supply, people will still be able to barter and exchange with satoshis. It would be technically impossible for them to control all of the supply. Even now, large firms and funds still control less than 15% of the supply (at least according to what is tracked and recorded).

It's not good to leave funds in an exchange though yes I know people do it. Hopefully, they will change that attitude.

The only coins governments and institutional firms are buying are BTC and ETH. So the rest are safe from harm's way. At least, for now. Who knows what will happen in the future?

Only time will tell!
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Topic
Board Gambling
Re: Where does the $$$$ GO on KYC failure
by
BenCodie
on 19/07/2025, 03:37:16 UTC
The notion that casinos give back deposits/only disqualify winnings after a player fails KYC is absolutely nonsense. I've never heard of exchanges returning deposits after KYC is rejected, and casinos operate in an even less regulated environment casinos, so why would they be any less exploitative?

Based on what I've seen on the forum, casinos take the entire balance if you can't complete KYC. They very rarely give back the deposit if you can't meet their requirements.

The answer to this thread is simple, it goes in their pocket. Players should get their deposit back if the casino isn't happy with their verification (they have a right to refuse service) but they definitely would not get their deposit back more than 95% of the time (and I'd bet 95% is a conservative statement).

Yeah, even I have read about cases where people have deposited some money and then won an amount just to face a KYC verification.
Despite giving the KYC details those people failed to get winnings as well as their deposit from the site.
This is obvious wrong and an unethical practice but do we have any option or than raising scam accusation?
May file a cyber crime FIR but I guess even that wouldn't workout in our favor.

It happens all of the time. There is hardly such thing as a casino giving back the deposit and confiscating just the winnings. This is just some nonsense that would only be spilled by a casino shill or a complete moron.

There is no option against these practices, except to stop using the casinos that take this approach and to speak out against those that are abusing their players the most.

The notion that casinos give back deposits/only disqualify winnings after a player fails KYC is absolutely nonsense. I've never heard of exchanges returning deposits after KYC is rejected, and casinos operate in an even less regulated environment casinos, so why would they be any less exploitative?

Based on what I've seen on the forum, casinos take the entire balance if you can't complete KYC. They very rarely give back the deposit if you can't meet their requirements.

The answer to this thread is simple, it goes in their pocket. Players should get their deposit back if the casino isn't happy with their verification (they have a right to refuse service) but they definitely would not get their deposit back more than 95% of the time (and I'd bet 95% is a conservative statement).

Yeah, even I have read about cases where people have deposited some money and then won an amount just to face a KYC verification.
Despite giving the KYC details those people failed to get winnings as well as their deposit from the site.
This is obvious wrong and an unethical practice but do we have any option or than raising scam accusation?
May file a cyber crime FIR but I guess even that wouldn't workout in our favor.
That is why I don't really support KYC after winning and when the gambler wants to withdraw then KYC is asked. If a casino wants to ask for KYC then let them do it before deposit so that all these dramas of KYC after winning will not occur again.
Really it is not looking good when ask KYC after winning and if the gambler failed the KYC then the person funds are lucked.
Logically, this is correct. Before any bet is even placed, KYC should be required. However if this was the case, a lot less people would use casinos. So instead, the casino lets people play, lets them lose without KYC, and if they win, then ask for KYC. It's malpractice, at best.
Post
Topic
Board Lending
Re: 0.003 BTC until July 31
by
BenCodie
on 19/07/2025, 03:28:43 UTC
Loan repaid: 3d1a318569b1e9e5644ba17776ea183f50a730780d5c1b241d0f91ae532c95b8
Thank you sword

Received the full amount, thank you BenCodie for the early repayment..  Smiley

you're welcome, thank you for the loan Smiley
Post
Topic
Board Lending
Re: 0.003 BTC until July 31
by
BenCodie
on 18/07/2025, 11:01:18 UTC
Loan repaid: 3d1a318569b1e9e5644ba17776ea183f50a730780d5c1b241d0f91ae532c95b8
Thank you sword
Post
Topic
Board Altcoin Discussion
Re: Advice on platforms to trade from with leverage....?
by
BenCodie
on 18/07/2025, 10:56:25 UTC
Most popular centralized exchanges (coinbase pro, bybit, binance, and so on) allow leverage. There are also decentralized options like demex and hyperliquid.

I would be careful of KYC requirements on centralized exchanges, and on decentralized exchanges I would be extra cautious with how you manage your keys and general cybersecurity. Both have caveats.

Also, be aware of scam exchanges, or exchanges with low merit. There are a lot of them offering leveraged trading, though it can be easy to get caught in verification procedures that are intrusive and violate privacy (if that's important to you), and in worse cases, impossible to pass.

Be careful when choosing an exchange, and when trading. Good luck Smiley
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Board Bitcoin Discussion
Re: what is next for bitcoin?
by
BenCodie
on 18/07/2025, 10:49:11 UTC
Corporate interest is providing a new and strong form of demand, and could be a catalyst that continues to push it higher and/or adds support to keep it from correcting as hard as it did in the cooling off phase of last bull periods.

We would see a lot of these as research institutes and entities keep looking out for what might be the best ways to leverage the opportunities they might find in Bitcoin for themselves. Come with the government backing, it’s only nice they do so.

Bitcoin in today is no longer a currency that is circumvented by FUD and uncertainties. Come the supports, come investment decisions.

I thought we might have been at the start of a possible bullrun but, this wasn’t it even though, price pushed a little further and way too suddenly.

I am interested to see the speed of adoption for government and corporations. It seems to be happening fast, though only 100-150 private US companies have it in their balance sheet. It will be interesting when we see major corporations joining in the buying (especially if they buy on spot market).

The price movement has been sudden which is always a cause for concern of sustainability, though similarly we have seen this kind of speed before (and really, from a percentage perspective, it's a lot slower now than it once was. It just seems fast as 10% now is nearly $12,000 in price movement. Before, this was 10 - 100% of the price, depending on time period!)

Corporate interest is providing a new and strong form of demand, and could be a catalyst that continues to push it higher and/or adds support to keep it from correcting as hard as it did in the cooling off phase of last bull periods.
This is also my prediction, the more corporate entities or institutions are buying and hodling we can expect more ATH in this circle that could beat our speculations. With the momentum that the current ATH happened I believe that $150k is possible anytime within this third quarter of 2025 and if institutions continues to pump their bags we can expect to see $200k in this bull run. With the level of Bitcoin adoption and accumulation I wouldn't allow anybody to tell me otherwise about the possibilities of seeing more ATH in this circle. I am expecting more institutions and governments to accumulate Bitcoin because everybody is seeing it's potentials.

It could be the catalyst for a further push. However I did recently read about mining power consolidating, and holdings shifting. This could all happen on OTC desks, and may not effect the market too much. Though it's a new risk on the horizon that we should keep updated on. We can only see what happens from here, it's all exciting either way to see Bitcoin where it is today Smiley
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Topic
Board Gambling
Re: Where does the $$$$ GO on KYC failure
by
BenCodie
on 18/07/2025, 06:43:40 UTC
It does seem to be the case that a lot of the time, a casino / sportsbook will use KYC as an excuse to keep winnings, but more often than not they will at least let the player withdrawal their deposit. Its important to distinguish this ("winnings" as opposed to "winnings + deposit") because keeping a player's deposit due to "KYC failure" is a big no-no, and shouldn't be normalized in this industry.
This is a great point and the thing that bothers me the most. There are a lot of cases where sportsbooks are taking both winnings and deposits.
I've never heard of exchanges letting deposits go, the notion that casinos give back deposits and only disqualify winnings after a player fails KYC is absolutely nonsense. Based on what I've seen on the forum, casinos take the entire balance if you can't complete KYC. They very rarely give back the deposit if you can't meet their requirements.

The answer to this thread is simple, it goes in their pocket. Players should get their deposit back if the casino isn't happy with their verification (they have a right to refuse service) but they definitely would not get their deposit back more than 95% of the time (and I'd bet 95% is a conservative statement).
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Topic
Board Beginners & Help
Re: Bitcoin’s 21 million supply limit
by
BenCodie
on 17/07/2025, 01:00:22 UTC
He has come up with that number for the conclusion of making it scarce. Just like what the content of his email to Mike Hearn that says this;
Great share  Cool
From: Satoshi Nakamoto <satoshin@gmx.com>
Date: Mon, Jan 10, 2011 at 4:34 PM
To: Mike Hearn <mike@plan99.net>
Subject: Re: More BitCoin questions
 
[...]

I fudged it to 364.58333 days/year.  The halving of 50 BTC to 25 BTC is after 210000 blocks or around 3.9954 years, which is approximate anyway based on the retargeting mechanism's best effort.
 
I thought about 100 BTC and 42 million, but 42 million seemed high.
 
I wanted typical amounts to be in a familiar range.  If you're tossing around 100000 units, it doesn't feel scarce.  The brain is better able to work with numbers from 0.01 to 1000.
 
If it gets really big, the decimal can move two places and cents become the new coins.

It's not as exact of what he's said but if we're going to analyze what he's said, it's all about the adjustment through the blocks mined and that leads to the main thing which is about the scarcity. Everyone can read the entire email on that link on the quote.

To add about the answer of "if it can be changed" - for as long as the network remains secure and in tact, the supply can never be changed. If it is ever changed, that's a big fundamental shift for Bitcoin and a lot of its holders will likely divest, as its fixed supply is one of the (many) primary reasons for the value that it has today.
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Topic
Board Altcoin Discussion
Re: is just buying tokens randomly without any research a good strategy?
by
BenCodie
on 17/07/2025, 00:51:24 UTC
Technical analysis is only one form of analysis. You also have on-chain analysis, fundamental analysis and sentiment analysis. Your TA might be perfect, but an on-chain, fundamental or sentiment shift can easily invalidate it. It also depends on what pair you are trading, some pairs are flawed by default due to their tokenomics (ties into fundamentals).

Doing no research is not a better strategy than doing research, that's nonsense Roll Eyes