Search content
Sort by

Showing 20 of 492 results by BitGoba
Post
Topic
Board Beginners & Help
Re: Are Stablecoins Undermining Bitcoin's Original Mission?
by
BitGoba
on 25/07/2025, 19:45:13 UTC

Stablecoins not really stable , they’re inflationary coins designed to lose purchasing power over time.Central banks target 2% inflation, but in reality, it’s often much higher and can easily get out of control, as we’ve seen in recent years.That’s why it’s not recommended to hold them for long periods or save your money in them, because you’ll end up losing value .But still, most people don’t understand this and live under the illusion that these are actually stable coins.

Crypto and  ”stablecoins” are just a distraction.
Post
Topic
Board Gambling discussion
Re: Be careful with nostalgia
by
BitGoba
on 25/07/2025, 19:21:16 UTC
Sometimes an old athlete may want to come back for some special match. Some bettors might still bet on him despite of old age and lack of recent experiences in the sport. That is because of what we call nostalgia. They might recall the past memories or past performances of the athlete that may not necessarily reflect the recent performance of the athlete. So be careful when betting because you might just be nostalgic.


I agree, nostalgia can be dangerous in betting. People often project an athlete’s past success onto current matches, ignoring age, injuries, and decline in performance. Basically, they’re betting on memories, not reality. It’s always better to analyse current data and form rather than relying on a name that was once great.
Post
Topic
Board Off-topic
Re: Other Notable Crypto Exchanges That You Use?
by
BitGoba
on 25/07/2025, 13:33:16 UTC
why no reply?

Nobody use crypto exchanges?

Personally, I avoid crypto exchanges and only use Bitcoin-only exchange platforms. There are many exchanges that support exclusively Bitcoin, without shitcoins  All altcoins are classic scams created to enrich their founders. Bitcoin-only exchanges choose to support only Bitcoin out of moral responsibility towards their users , they don’t want to promote scam projects.

For example, I use Strike, which is an American exchange also available in Europe and some other countries. In the US, there are also Swan Bitcoin  and River, while in Canada there are Bitcoin Well and Bull Bitcoin. This year, Bull Bitcoin started offering its services in Europe as well.CoinCorner is a British Bitcoin exchange. For Switzerland and Europe, there are Relai and PocketBitcoin. With PocketBitcoin, no KYC is required, but since payments are only done via bank transfer, they still have your personal data linked to your bank account.
Post
Topic
Board Wallet software
Topic OP
Blixt wallet
by
BitGoba
on 25/07/2025, 07:27:25 UTC
Blixt is a non-custodial, open-source Bitcoin Lightning wallet available for both Android and iOS, with a strong focus on usability and user experience.

Blixt is a mobile app that lets you use the Lightning Network for fast and low-fee Bitcoin transactions. Unlike some other mobile Lightning wallets, Blixt runs a lightweight Lightning node directly on your phone using LND and Neutrino. This gives you full control over your funds and private keys. For advanced users, Blixt also offers the ability to manage their own channels if they choose to.

The wallet supports a wide range of advanced features, including Keysend, Lightning Address, LNURL, WebLN, Tor support, and more. Blixt is developed by Hampus Sjöberg, a Swedish Bitcoin enthusiast who named the app after the Swedish word for "lightning."

https://github.com/hsjoberg/blixt-wallet/releases
Post
Topic
Board Hrvatski (Croatian)
Topic OP
Istine i Zablude o Rudarenju Bitcoina
by
BitGoba
on 25/07/2025, 06:30:33 UTC
Poslednjih godina mainstream mediji su često širili propagandu protiv Bitcoina i njegovog rudarenja. Jedna od najčešćih neistina jeste da rudarenje troši ogromne količine struje, što navodno šteti životnoj sredini i troši resurse bez ikakve koristi.
Na poslednjem liveu nedeljom u 2 Balkanske Bitcoin zajednice na YouTubeu  https://www.youtube.com/watch?v=pHsanFTVIAg   gostovao je inženjer energetike Boran iz Splita, koji radi na velikom Bitcoin rudarskom postrojenju u Teksasu, SAD i pričalo se o Bitcoin majningu.
I ranije sam znao da Bitcoin rudarenje pomaže u proizvodnji  obnovljivih izvora energije, kao što su vjetroelektrane i solarne elektrane. Pošto se struja ne može uskladištiti,  Kada ima mnogo sunca ili vjetra, proizvodi se više struje nego što potrošači mogu odmah iskoristiti. Zato se proizvođačima isplati da višak struje usmjere na rudarenje Bitcoina.

Ono što nisam znao jeste da je Bitcoin rudarenje  neophodno da bi električne mreže ostale stabilne. Bitcoin rudarenje stabilizuje mrežu jer može brzo da prilagodi svoju potrošnju energije. Kada ima viška struje u mreži, rudari je koriste za rudarenje, smanjujući tako opterećenje. Kada je struje manje ili je potrošnja veća, rudarenje se smanjuje ili zaustavlja. Praktično, električne mreže ne mogu da budu stabilne bez Bitcoin rudarenja, jer nema druge efikasne metode koja može tako brzo  da prilagodi potrošnju energije.


Post
Topic
Board Gambling discussion
Re: No Amount is Affordable in Gambling
by
BitGoba
on 25/07/2025, 05:57:19 UTC
We are used to say that a gambler should gamble with an amount he can afford to lose but in the actual sense do we think there is any amount a gambler can afford to lose? When a gambler places a stake what he sees is not the stake but the potential win. This is why when he does not win he panics regardless of how little the stake is and he will always mention the potential win rather than the stake as the amount lost. The gambling system especially sports betting works in a way that as a game plays the value of the stake keeps increasing and what may appear to be what the gambler can afford to lose may rise and become what he can no longer afford to lose and this becomes a source of concern for the gambler if he losses the bet. In fact, if a gambler accumulates the total of what he thinks he can afford to lose he would know that he is losing what he cannot afford to lose. I think that any penny spent on gambling is a money the gambler have decided to sacrifice with the hope of getting a bigger amount and not because he can afford to lose it.

What's your position on this thought?
I agree  it’s hard to truly have “money you can afford to lose” because gamblers focus on the potential win, not the stake. Even small bets can quickly become amounts they can’t really afford to lose. Every stake is actually money the gambler is willing to sacrifice in hope of winning more, not just extra cash they can easily part with. That’s why setting clear limits and maintaining control is more important than just following the rule “only bet what you can afford to lose.”
Post
Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
BitGoba
on 25/07/2025, 05:49:50 UTC

Just recently I've decided to invest in Bitcoin and have chosen to buy shares in Fidelity's FBTC Exchange-Traded-Fund.

My choice was primarily between Fidelity's FBTC and Blackrock's IBIT. I chose FBTC because I like and trust Fidelity's service and I like their Trading Dashboard features.

Is Buying Shares of a BTC ETF a good way for non-tech new (late-to the game) investors to invest in BTC?   

Buying a BTC ETF is not a good idea. When you buy an ETF, you don’t actually own anything , you only own an IOU, a promise that someone else owns the actual asset for you. You have to trust the other party that they really possess the Bitcoin and that they will pay you when you ask for it.

For example, what if things go wrong hyperinflation hits the US, a civil war breaks out, or there is anarchy? How will you then access your money? In such situations, there is a high chance you could lose everything.

On the other hand, when you own Bitcoin on your hardware wallet, you truly own a bearer asset. You can always carry it with you, go anywhere in the world, and exchange it for local currency. You can directly use and spend Bitcoin, which ETFs or IOUs do not allow.

Post
Topic
Board Bitcoin Discussion
Re: Bitcoin still number 1
by
BitGoba
on 25/07/2025, 05:40:24 UTC
Reading the news  of the alleged transfer of $50 millions worth of XRP by the ower signaling a take profits actions as the coin touched5it all time high recently, his actions point to lack of confidence and deliberately interference with the market movement of the coin, this another example of centralized coins and how the owners can interfer as the which.

Such can never happen with bitcoin, since bitcoin creation, and the multiple all time high, Satoshi wallet have remained untouched and a deliberately liquidity provided by the bitcoin creator, being decentralised and with zero owner interference, if wyou want to hold any coin, just hold bitcoin.





The difference is that when Satoshi unveiled Bitcoin as a sound and hard form of money, he didn’t know it would actually take off. Bitcoin grew naturally and organically,. Everything else is basically some kind of copycat created with just one goal , to enrich the founders and insiders.For example, Ethereum had around a 70% premine that the insiders and founders allocated to themselves before launch, XRP even 100%, and it’s the same story with all the other centralized shitcoins.

But the biggest problem with most altcoins isn’t that they were created as a scam, but their centralization. If someone can print new money whenever they want, they will take advantage of it. The strength of Bitcoin lies in its true decentralization and the fact that no one can arbitrarily change the rules. Creating new Bitcoin is very costly  it requires significant investment in mining equipment and infrastructure to produce each new coin.

Ripple’s company or Vitalik and their associates can always decide to print more coins for themselves. For example, history provides many cases such as glass beads or Rai stones.

When Europeans first came into contact with peoples who used such items as money, they immediately exploited the system. Europeans took advantage because they could easily produce glass beads , just like Vitalik and Ripple can create more ETH and XRP with the push of a button and almost no cost. If someone has the ability to print more money for themselves, they will use it; it’s only a matter of time.That’s why you should stay as far away from altcoins as possible , it’s just a pump and dump scheme. Don’t hold them long-term, because eventually, they will all be worth zero.
Post
Topic
Board Gambling discussion
Re: The "Lottery Ticket" Mentality
by
BitGoba
on 24/07/2025, 07:16:44 UTC
As a gambler, have you ever felt this kind of mentality? That is, let's say in sports betting, wherein you bet on the long shot or a huge underdog but at the back of your mind, you thought that you will not win, but there is still small hope inside of you that this could be a life changing and so you go and bet with your close eyes. And this could be just you are relying on your luck and nothing more and that it could also be bad for us gamblers in the long run. But then again, we love to take risk and so maybe there will be some of us who might be already have this in mind as a kind of "strategy" and they could have won money already. Are you that type of gambler that has kind of mentality? It could be that is obviously flawed in the beginning so there could be gamblers that are now willing, or maybe as I have said, we might have been using it already but we just didn't know.

Honestly, I’ve never really liked those kinds of bets. I know many people go for huge odds hoping for “quick money,” but to me, it just feels like throwing money away. I prefer betting on something I’ve actually analyzed, even if the odds are lower, because at least I know I have a realistic chance.

But I do understand that feeling when you think, “maybe today it will hit.” Everyone has their own betting style, but in my opinion, if this becomes a habit, it only leads to losses. For me, it’s better to stay disciplined than to rely on pure luck.
Post
Topic
Board Bitcoin Discussion
Re: Safely storing bitcoins
by
BitGoba
on 24/07/2025, 06:16:53 UTC
I was reading a news article saying that bitcoins will not be safe once we have powerful quantum computers. Is there a good alternative way to store bitcoins safely in such a situation  ?

It’s just another FUD spread by people who don’t like Bitcoin.
No need to worry too much about quantum computers yet because they are still far from being a real threat ,least 50 years before they’re powerful enough to break Bitcoin or any other cryptography. Also, quantum computers aren’t just a threat to Bitcoin, they could affect the entire financial system, banks, Visa, Mastercard, and others since they all use cryptography. That’s why serious experts are working on this and developing quantum-resistant algorithms alongside the progress of quantum computers. Bitcoin and other systems will be upgraded when the time comes , probably in about 50 years.

Honestly, it’s best to just ignore this kind of FUD. Quantum computers are nowhere near a real threat to Bitcoin anytime soon.

Post
Topic
Board Beginners & Help
Re: Why are you taking profit on bitcoin?
by
BitGoba
on 24/07/2025, 05:51:59 UTC
Profit should be measured in Bitcoin, not fiat currencies. Why? Because fiat currencies are neither healthy nor reliable forms of money. They are designed to lose value over time, which makes them an unstable measure of value.

You’ve probably noticed that what you could buy for $100 2 or 3 years ago is worth much less today. This is called monetary inflation  it’s not that goods and services necessarily became more expensive, but that fiat currencies are constantly printed and thus lose their purchasing power.

So, when thinking about “real” profit, look at it through Bitcoin, not dollars, euros, or any other fiat currency. Bitcoin is limited, deflationary, and transparent , which is why it represents a healthier money  and alternative for preserving value.
Post
Topic
Board Beginners & Help
Re: Bitcoin mining using an Android phone
by
BitGoba
on 24/07/2025, 05:43:14 UTC
I'm still have a little knowledge about Bitcoin. But I’ve been curious about Bitcoin mining, is it really possible to mine Bitcoin using an Android phone?
I have seen a several apps claiming to do this, but I am not sure how legit or profitable they are. I really appreciate any honest insights or advice from you guys. Thanks in advance.

No, it’s not really possible to mine Bitcoin effectively using an Android phone. Bitcoin mining is similar to gold mining  it requires a lot of resources, energy, and money.

To mine Bitcoin properly, you need very expensive machines (called ASIC miners) and a lot of infrastructure. It’s not something that can be done casually with a phone. Those mobile apps usually don’t do real mining
Post
Topic
Board Gambling discussion
Re: How can you enjoy the game when you are losing?
by
BitGoba
on 24/07/2025, 05:36:00 UTC
Many users claim that they play for fun. At the same time, they do not hide the fact that all the money is lost one way or another, quickly or slowly. If you are losing money, then how can you enjoy it? I could never understand this. I would understand if a person said that now I am losing, but during the game I am learning and developing a strategy and a game system, and also testing this system during the game. In other words, you can play for research purposes and, losing money, enjoy the anticipation of future wins, since you have a promising strategy and a good consistent game system. But people generally do not play for research purposes. People just place bets more or less randomly, lose money and claim that they enjoy it. Is this stupidity or deceit? Maybe such people like the atmosphere of the game? But then why not play free games? But no, gamblers rarely play free games?
Why? The answer is paradoxical - because you can't lose money there, lol! And after that you say that gamblers are reasonable people.

People say they gamble for fun, but they keep losing money. So where’s the fun in that? Truth is, it’s not really about winning  it’s about the feeling while playing: the adrenaline, the hope, the suspense. Free games don’t give you that, because there’s no real risk.

It’s not always stupidity sometimes it’s just an escape from reality. The real problem starts when that “fun” gets too expensive.
Post
Topic
Board Hrvatski (Croatian)
Merits 2 from 2 users
Re: Novosti
by
BitGoba
on 23/07/2025, 11:18:01 UTC
⭐ Merited by katanic97 (1) ,ovcijisir (1)
Pre nekoliko dana razgovarali smo o adopciji Bitcoina i Lightninga. Danas je stigla velika vijest možda i najveća u istoriji Bitcoina, američka fintech kompanija Square, koja se bavi distribucijom POS uređaja i obslužuje oko 4 miliona trgovaca u SAD-u, upravo je omogućila podršku za Bitcoin Lightning plaćanja prvim trgovcima

To znači da trgovci sada mogu da prihvataju uplate u Bitcoin-u preko Lightning mreže. Kada trgovac primi Bitcoin, ima opciju da ga ili zadrži u  btc, ili da Square automatski konvertuje Bitcoin u dolare.Ovim potezom Bitcoin praktično postaje široko rasprostranjeno sredstvo razmjene, jer sada milioni trgovaca mogu lako da prihvate brza i jeftina Bitcoin plaćanja preko Lightninga i POS uređaja

Jack Dorsey je na Twitteru objavio ovu vijest
https://x.com/jack/status/1947751221252465066
Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Hard Fork in Cryptocurrency: A Dive into Bitcoin's Notable Split
by
BitGoba
on 23/07/2025, 10:25:36 UTC
⭐ Merited by Mia Chloe (1)
These hard forks may have the name "Bitcoin" in them, but this doesn't mean that the coins are better or worse than the original Bitcoin.

Imagine Bitcoin as a game of chess. The original Bitcoin follows a strict set of rules  just like chess has clearly defined rules that all players must follow.

Now, imagine two people are playing chess, but suddenly one of them changes some of the rules without agreement  for example, allowing a new type of move. At that point, they're no longer playing the same game. It may look like chess, but it's actually a different version.

This is exactly what happens when a Bitcoin fork occurs. When someone changes the Bitcoin protocol in a way that's not compatible with the original rules, it creates a split  a new version of Bitcoin is born. Even if this new version includes the word "Bitcoin" in its name, it's not the original.
It’s like playing a chess variant  it might resemble chess and use the same pieces, but it’s not the real game.You can’t reinvent chess, and in the same way, you can’t reinvent Bitcoin. You can create something new that looks similar, but the original remains unique.

Honestly, most of these forks, like many other altcoins, are just copies of the original Bitcoin. Most of them won’t last in the long run and will probably end up worthless. Bitcoin is unique, and it’s very hard for anything else to truly replace or outperform it.
Post
Topic
Board Gambling discussion
Re: Drinking vs Gambling
by
BitGoba
on 23/07/2025, 10:15:28 UTC
Why is it that alcohol ads are everywhere and they are easily bought in stores nationwide with only a warning of only drinking moderately and yet gambling is not allowed to be the same?

In roads, there are ads of alcohol. Where funnily enough is you shouldn't drink in. While driving. But still there are big ads and multiple ones in roads about alcohol and the warning that says Drink Responsibly. Does that one warning make it safer?

Why can't we just do the same with gambling? Alcohol consumption is extremely risky not only to the person consuming it but to the people around him. There have been so many cases of crimes due to alcohol consumption. Many people's health destroyed. So what makes it ok for alcohol ads to continue in public but not gambling?

Alcohol has been part of society and culture for a long time, so it’s advertised everywhere and easy to buy. Even though it’s risky and causes problems, people accept it as normal with a “drink responsibly” warning.
Gambling is different  it can quickly ruin people and families, so governments limit its ads and availability to protect people. Just putting “play responsibly” isn’t enough for gambling like it is for alcohol.

Post
Topic
Board Beginners & Help
Re: Bitcoin payments in an online store
by
BitGoba
on 23/07/2025, 06:51:21 UTC
Hi everyone, I'm working on a project to launch an online store, and I want to implement Bitcoin as a payment method. I'd like to know how to do this, since I have no idea where to start. Ideally, I’d like it to work just like a regular fiat payment, meaning I’d be notified, the payment would be linked to the order, and so on. Is this possible? Does anyone here have experience or knowledge on this topic?



The easiest and best way to accept Bitcoin payments is to use BTCPay Server, which you can find at https:// btcpayserver.org.

It’s a free tool that you run on your own computer or server. It helps you accept Bitcoin payments safely and privately, without paying fees to middlemen.

You can accept regular Bitcoin on-chain payments as well as faster Lightning payments. However, for Lightning, you need to run your own Bitcoin and Lightning nodes and open Lightning channels.

If you want full control over your Bitcoin payments and don’t want to rely on other companies, BTCPay Server is the best choice.

On the other hand, if you want to outsource payment processing on your website to companies that handle everything  including managing Lightning channels, security, and payment tracking  and also want to offer card payments alongside Bitcoin, then I highly recommend services like OpenNode and Zaprite.

https://www.opennode.com

https://zaprite.com


Once you finish building your website, add it to this directory https://spend-sats.com/ to take advantage of free promotion and become visible to the Bitcoin community actively seeking relevant services and products that accept BTC
Post
Topic
Board Gambling discussion
Re: What is the cost of your mistakes?
by
BitGoba
on 23/07/2025, 06:34:02 UTC
I assume that people come to the gambling industry as inexperienced people. And in the process of their activities, they gradually learn from their mistakes. Unfortunately, some of these mistakes are dramatic and cause us quite serious psychological trauma. As a rule, this is due to gross errors and stupid persistent beliefs that push us to the edge of the financial abyss.

First of all, this is risk management and money management. The second is probably unsystematic play. Let me make a reservation that I do not mean casinos, as well as people playing "for fun". I mean sports betting.
So, how much did your mistakes cost? Did they cause you a serious psychological blow? What were your mistakes, did you learn from these mistakes and do you apply this knowledge in practice now? Were these mistakes simply painful, dramatic or catastrophic?


I made a lot of mistakes because I was new and rushed into things. But I learned that without a plan and discipline, you won’t get good results. Now, I’m more careful with my bets and try to manage my risk better. Those mistakes didn’t break me they taught me to be more patient and smarter with my money.

Post
Topic
Board Bitcoin Discussion
Re: The new era of Bitcoin '25 begin with square
by
BitGoba
on 23/07/2025, 06:24:58 UTC
Bitcoin is money , a decentralized peer-to-peer cash.
Money was created at the beginning of human civilization, when people realized they couldn’t always trade goods for goods because barter has limitations. For example, if I catch a rabbit and someone else grows potatoes, maybe they don’t want a rabbit at that moment, or my rabbit is worth more than the amount of potatoes they have, so it’s hard to agree on an exact value for the trade. Also, I can’t divide the rabbit into smaller parts without completely ruining it as a good for exchange.And then people realized that they needed a universal medium of exchange, something they could trade for goods and services whenever they wanted. This medium of exchange had to store value over time, so that they could use it for trade in the future as well.

So, that is money  a universal good that serves as a medium of exchange, a measure of value, and a store of value.
For example, fiat currencies like the dollar, euro, and others are not a good form of money because they do not fulfill the function of storing value. Due to the constant printing of new money, they lose value, and this process is called monetary inflation.

In economics, there is something called Gresham’s Law, which states that if two forms of money are in circulation, for example the dollar and Bitcoin, people will tend to spend the weaker form of money that loses value first, and hoard the form of money that gains purchasing power.As long as they earn their salaries in fiat currencies, they will use it as a medium of exchange, while Bitcoin will be used as a savings account.Nobody wants to spend money that is gaining purchasing power; instead, they will spend money that is losing value first.


We are still in the early stages, where most people do not understand what money is, so they don’t understand Bitcoin either. Most people don’t realize that Bitcoin is money whose purchasing power will always increase, so they don’t save it. Also, merchants don’t understand this and therefore don’t want to accept this form of money, thinking it is some kind of bubble or speculation. But as time goes by and Bitcoin gains purchasing power, all merchants will want to accept this money as a medium of exchange. You will see more and more signs saying “We accept Bitcoin,” because everyone wants money whose purchasing power grows, not decreases.
Post
Topic
Board Beginners & Help
Re: Trying to replace Bitcoin in the long run in life.
by
BitGoba
on 22/07/2025, 15:49:28 UTC
Bitcoin is not an investment, Bitcoin is savings. When you have excess fiat currency that you don’t plan to spend anytime soon, the best thing is to convert it into Bitcoin for the long term. Bitcoin is a hard and healthy form of money, like gold, but even better and harder than gold.

Shitcoins and Binance are more like gambling. Binance is basically a shitcoin casino. With shitcoins, it’s always the founders, insiders, and VC capitalists who win , they pump the price, and when naive retail gets in, they dump and leave with the profits. It’s best to avoid the shitcoin casino completely.