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Showing 20 of 101 results by Digifann1
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Board Bitcoin Discussion
Re: Bitcoin transactions settled instantly: Can this be reality one day ?
by
Digifann1
on 04/09/2025, 20:55:41 UTC
Transaction on-chain can be predictable if only you understand how miners incentives transaction.
No, they are not. You are just being stupid. It has nothing to do with fees. Sometimes there is no block at all for 1 or 1.5 hours. No amount of fees can change that.

Why do you even need to use lightening network if you are going to be doing a one time transaction. Using a channel, you are going to open a channel which need an onchain transaction fee. Instead of doing that, why not pay the fee you are avoiding and have your Bitcoin confirm within some minutes. If you pay good fee, you should get your transaction confirmed in 10 minutes on average.
False assumptions. Like many other wallets, I have a lightning wallet always ready. I don't need to open any channels. Dumbass.
Post
Topic
Board Economics
Re: Economic risks of Integrating Bitcoin into a Nation's Official Reserve
by
Digifann1
on 04/09/2025, 20:54:11 UTC
Think of the trust that people have towards fiat money. So, we had USD backed by gold 1:1, and they claimed that each Dollar can be exchanged to gold at request.
There was a situation where France wanted to check if USA really owns enough gold, so they asked for the US government to exchange all their fiat money to gold, but the US government refused. It broke the deal and took US off the gold standard. They basically told the world that they won't honor the deals they make, but people still kept USD. Everybody should've dumped at that point because that's what would happen to a coin like BTC if Satoshi came and said that he's going to change the protocol to whatever he likes, like that there will now be 30m coins instead of 20.
What a stupid comparison. Satoshi can't change shit about Bitcoin, not now and certainly not in the future.

It's business the government are doing for your information, in every business, there is a risk and every risk causes profits and losses, the government are already aware of this fact that's why they continue to purchase more into the portfolio and never sell. If you should be talking about problem that arises from any corner, there is another solving point to that problem if they find out Bitcoin is looking frustrating to sell off to solve the problem which makes them not individual but a body of institutions all together.
A reserve is not an investment, the consideration should not be regarding profits and losses in fiat terms but on preservation of actual value.
Post
Topic
Board Bitcoin Discussion
Re: The real change is happening
by
Digifann1
on 04/09/2025, 20:22:57 UTC
....
The game changed when BlackRock submitted its application for the spot bitcoin ETF, which is now IBIT. This is nothing compared to that. As soon as the world's biggest asset manager entered the bitcoin game, it was clear that the game had changed: it was not going to be banned or go to zero, and it still had a very bright future.  A company like that doesn't get involved in something like that without doing a lot of research, including political contacts.
I mean it was obvious that ETF approval was going to happen as soon as BlackRock filed for it, which just shows that the ETF approval requirements are all corrupt lies. It isn't about anything that they say that it is, it is about connections and helping the status quo retain control and profit.

Post
Topic
Board Altcoin Discussion
Re: How much lucky have you got with crypto airdrops ?
by
Digifann1
on 04/09/2025, 20:20:56 UTC
Past airdrops were much different and it happened to be so that people weren't expecting to make a lot of money on it. They participated because it was something cool and they wanted to do more things. Because a lot of money was made in the past this attracted all sorts of bad people who now organize to farm airdrops, and have ruined it for everyone. These days almost all airdrops suck hard.
Different time different kind of developers.
Back then the main aim for airdrop was to raise awareness, right now the main reason airdrop exist so that the developers can sell their allocation through OTC and get quick bucks.
Airdrop was rigged for a reason, it's to raise awareness with smallest cost as possible and to bootstrap liquidity.
My main point is that the main blame does not lie with the developers, but with the users. There are many grooms who specialize only in farming airdrops. They do not care about crypto, they do not care about the tokens that they are receiving or the project. They only care about selling it. They are the ones that have ruined it for most others.
Post
Topic
Board Economics
Re: Economic risks of Integrating Bitcoin into a Nation's Official Reserve
by
Digifann1
on 04/09/2025, 18:39:45 UTC
Your summary seems to be missing a critical point - the volatility of crypto like Bitcoin is driven because there are a finite amount of bitcoins and a portion of those are being traded around by speculators. The more hedge funds, pension plans and central banks that buy these assets to store them indefinitely, the lower the volatility. That is why we are seeing less wild swings compared to the past, as it marches gradually upwards the corrections are reducing. Sure, it might suffer if there is a recession in the major economies of the world but that is often true for stocks and other assets. Central banks should just make sure they keep proportion and don't go too heavy on any particular type of asset.
You are quite right, but alas partially. It is not just the speculators, it is the situation that there are always a lot of weak hands in the market. They are the kind of people that are afraid to lose money, and they are easily manipulated. The big guys combine their connections in the media with large market movements to create artificial downtrends and crashes to shake these people out. Because they can short using big liquidity and leverage, they make a lot of money even when Bitcoin is going down.

But you are definitely right. As the market matures and continues to grow, it will be harder and harder to do this and we should see limited swings even during big events. A real reserve is something that you don't sell because of short term market behavior. If you do, then it is an investment.
Post
Topic
Board Economics
Re: Economic risks of Integrating Bitcoin into a Nation's Official Reserve
by
Digifann1
on 04/09/2025, 17:37:55 UTC
Every nation that considers using bitcoin as her reserve already knows that bitcoin is a volatile asset and so would make plans on how to leverage volatility to her advantage. with the USDT, stability is guaranteed but there is no guarantee that more profitability can ever happen. most of the nation that consider using bitcoin as her reserve looks at it as an option hat serves as an edge against inflation which is what the fiat or gold can not really do as much as bitcoin can do.
Wrong, USD is not a stable currency so neither is USDT. Calling stablecoins stable is just a lie. It is less risky to hold Bitcoin than it is to hold the USD or other currencies.

Gold is not a perfect invention and certainly not a perfect reserve currency. the fact that gold is a physical asset that can be destroyed if an emergency hits the country that is using it as her reserve is an issue with it but with bitcoin, such is far from the case.
Gold is a physical asset that can be destroyed, that is your negative argument against gold? Really? Are you 5 years old?
Post
Topic
Board Bitcoin Discussion
Re: The Forgotten Risk, Will Deepening the Dissolution of the World Internet Put the
by
Digifann1
on 04/09/2025, 17:35:47 UTC
      What is the realism of internet fragmentation at scale in 1020 years?
      1020 years, really?  Grin You should not be spending your short life discussing what will happen in a thousand years. Humans generally can't even make accurate 10 year predictions.

      Can the current set of consensus rules on Bitcoin survive long network partitions without significant forks?
      Yes, the mechanism for resolving the problem that you wrote about is deeply built into the protocol. The longest chain wins, even if it sometimes takes a while to resolve.

      Have you tested Bitcoin in low-connectivity or partitioned environments?
      [/list]
      Works fine.

      How would it be most practical to maintain Bitcoin as it is worldwide when the internet ceases to be worldwide?
      [/list]
      It won't be practical but it will be possible. I doubt that internet will cease to be worldwide, countries would lose too much economically by doing this.
      Post
      Topic
      Board Economics
      Re: Economic risks of Integrating Bitcoin into a Nation's Official Reserve
      by
      Digifann1
      on 04/09/2025, 17:32:16 UTC
      Now when talkinng about  about reserves, the first thing that should pop up in our minds is "stability."  That’s why governments keep gold, and foreign currencies like dollars, and other assets that don’t easily swing in price. Now if a nation decides to bring Bitcoin as a national reserve it would immediately face some set of problems. One of which is "volatility," coz Bitcoin’s price tends to swing from time to time. Now Imagine government want to  pay for foodstuff imports or maybe repay international loans, only to find that Bitcoin has dropped in price... That kind of shock could further bring about further crisis instead of solving one.
      Gold is not a stable asset, the dollar is also not a stable currency and other currencies are even much worse than the dollar. What is your point here?

      We also have the issue of  "Liquidity" Indeed Bitcoin is a liquid asset, but I don't think that it is deep enough to support a government moving billions in and out without shaking the market.  This is because that kind of government sized transaction could shake the market. In addition, Bitcoin is greatly influenced by global sentiment and series of of events that goes beyond the control of just a particular nation, which makes Bitcoin less predictable when compared to traditional reserves.
      Bitcoin's liquidity is big enough to easily handle small reserves in the single digit billions. There is no problem relating to liquidity.

      So therefore, integrating Bitcoin into a Nation's official reserves may be very difficult  coz  the risks of doing so could outweigh the benefits if not properly handled. Whaat do we think about this?
      Incorrect, it is very easy. The problem lies in corrupt and vested interests that don't want to do this.
      Post
      Topic
      Board Bitcoin Discussion
      Re: Bitcoin transactions settled instantly: Can this be reality one day ?
      by
      Digifann1
      on 04/09/2025, 17:28:12 UTC
      Off chain transactions cost you zero confirmation.

      For faster payments we already have lightning which is pretty cool.

      Does that come with additional costs ?
      Transactions in the LN are cheaper compared to the normal transaction that we do, so it cost lesser than the usual ones that we do in the Bitcoin network. As we can see right now, network isn't that congested and clogged at all so we should just enjoy the cheaper fees that we have. But I understand that it's about the zero confirmation.
      The problem with on chain is that it is unpredictable. If you need to make a fast transaction, you should avoid on chain and use lightning. If you happen to have an unlucky day, you could spend 1 or even 1 and a half hours waiting for the first confirmation. Whereas with LN either it works and a route to the other side can be found, or it does not work perhaps due to liquidity requirements if you are doing larger transactions. However, you will find within seconds or at most a minute whether it worked or not.

      I personally never had any issues with reasonably sized transactions on LN. It is perfect for when you have to make a fast transactions of low or medium value.
      Post
      Topic
      Board Economics
      Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
      by
      Digifann1
      on 04/09/2025, 17:25:23 UTC
      Yes, no doubt with that. Still we can say two things.
      1. They(lawmakers) like it because they can use it for their next level corruption.
      2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.
      You can't use Bitcoin for corruption in this sense. It is the worst instrument that you could possibly consider for corruption. There are ways that you can cheat like overpaying for it through intermediaries that charge extremely high fees, but any such corruption will be obvious right away. If you buy Bitcoin at $120k a piece, but average price is $110k during this period of time it is clear that you stole money. Also it is very easy to audit a Bitcoin reserve, so it is very difficult to try to hide any fake purchases too.
      You don't know the style of our government. They can use everything for corruption as long as there is money involved in it. It's not about the price of Bitcoin that they'll buy and the time and date when. But it is the allocation that they'll play around it. We know how our government works and it's been cooking us with our own oil, using our taxes in the wrong way and that's why even if it's auditable and such. They can always play around with the papers and the auditing through a loop that they can since it's also volatile. But that's the next level that they will find out.
      Your government is not more expert in stealing money any more than other corrupt governments. If you let very obvious ways of stealing happen, then perhaps the real issue is in the electorate the voters themselves. Maybe next time stop voting for old favorites, and vote for the outlier that will actually change the country.
      Post
      Topic
      Board Gambling discussion
      Re: Warning : Don’t Ever Let Others Use Your KYC in Gambling Sites
      by
      Digifann1
      on 03/09/2025, 22:11:05 UTC
      There is never a justification for a normal person to give out their identity documents to another person for the sake of passing KYC restrictions that have limited them, regardless of what the relationship with the individual I can never give out my KYC verified account to anyone, there risks outwaght the rewards and beside what amount of rewards will make me give out my KYC verified account, most of the time those that give out such privacy rights are the greedy ones that want to make money off those documents without minding the final outcome and the effects it will have on them as individuals.
      The risks are theoretical, the practical risks are low. How many times have you read a news article of someone getting in big trouble because they let someone else use their KYC on a gambling website or even on a crypto exchange? I barely have ever heard of a few cases only.
      Post
      Topic
      Board Economics
      Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
      by
      Digifann1
      on 03/09/2025, 22:08:51 UTC
      Yes, no doubt with that. Still we can say two things.
      1. They(lawmakers) like it because they can use it for their next level corruption.
      2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.
      You can't use Bitcoin for corruption in this sense. It is the worst instrument that you could possibly consider for corruption. There are ways that you can cheat like overpaying for it through intermediaries that charge extremely high fees, but any such corruption will be obvious right away. If you buy Bitcoin at $120k a piece, but average price is $110k during this period of time it is clear that you stole money. Also it is very easy to audit a Bitcoin reserve, so it is very difficult to try to hide any fake purchases too.

      What's good thing about is Norway exposure on Bitcoin is increasing https://coincentral.com/norways-wealth-fund-expands-bitcoin-exposure-by-192-in-q2-of-2025/
      Yeah but I am not sure if this is just investment exposure, not like a reserve. With that I mean they may sell during a big pump or a big bear market. That is not that great then.
      Post
      Topic
      Board Altcoin Discussion
      Re: How much lucky have you got with crypto airdrops ?
      by
      Digifann1
      on 03/09/2025, 22:05:21 UTC
      -cut-
      How much lucky have you got with crypto airdrops ?
      I am not going to disclose the amount but i have been pretty lucky in the past. But i don't think that's a reason to chase them, as that seems to be job for a bots now, and probably no matter how you "mine" them, it's going to cost more in fees.
      Past airdrops were much different and it happened to be so that people weren't expecting to make a lot of money on it. They participated because it was something cool and they wanted to do more things. Because a lot of money was made in the past this attracted all sorts of bad people who now organize to farm airdrops, and have ruined it for everyone. These days almost all airdrops suck hard.
      Post
      Topic
      Board Altcoin Discussion
      Re: Why Utility tokens are mostly staked
      by
      Digifann1
      on 24/08/2025, 16:37:26 UTC
      I have a fairly bullish view on BGB. If there are no business issues, they will have a bullish opportunity. Judging from their price chart structure, they have quite stable resilience. On the weekly chart, they have very strong support and have never broken through it, even after significant declines. BGB consistently bounces at $4. If it remains above $3.5, it is likely that BGB will experience significant price progress and could have the opportunity to set a new ATH.

      And they also have the opportunity to conduct a token burn, which I think is quite safe until the end of the cycle.
      It is all fun and games until there is an exchange hack, and then they front run your savings and you sell at a 90% loss.
      Post
      Topic
      Board Bitcoin Discussion
      Re: Bitcoin is in danger, do you agree?
      by
      Digifann1
      on 24/08/2025, 15:21:57 UTC
      Oh look, it's THIS thread again!  Roll Eyes
      Every single user who responded to this thread seriously is a dirty spammer. No surprise there.  Roll Eyes
      Post
      Topic
      Board Altcoin Discussion
      Re: How much lucky have you got with crypto airdrops ?
      by
      Digifann1
      on 24/08/2025, 12:42:50 UTC
      Don't really need luck but contribute to their project.

      However, there's something that these kind of article didn't disclose. It's the capital needed to follow an airdrop.
      The recent airdrop like treehouse, huma, etc requires you to stake your capital and to get good enough money. Usually at minimum you need 10k USD or something to get 1k - 2k reward.

      If you're doing testnet however, consider it already botted that you're more likely to get $5 out of it. In some case you can get really good airdrop like walrus, but that kind of thing comes once in a while.


      1k return on 10 k investment in few months is not bad at all. You are getting much more to what you will get if the money was kept in bank account.
      It is a very bad return. They are not risk free returns. If you have to use their token that is very risky itself, using their platforms has additional risk and so on. You just need 1 hack and all your work and capital is gone.
      Post
      Topic
      Board Altcoin Discussion
      Re: Why Utility tokens are mostly staked
      by
      Digifann1
      on 24/08/2025, 12:20:13 UTC
      I may not totally agree with you on where you said that the reason why most utilities tokens are staked is because their lack real world utilities feature, that is a false assumption to me because if you check you will see that most cryptocurrency lack the real life utilities Aside from being treated as an assets, even Bitcoin falls to that category.
      Don't insult Bitcoin you third world dimwit. Bitcoin has countless utilities and is the best kind of money that exists. That itself is an utility that is better than anything in existence, we don't even need to discuss other aspects of it.

      I agree with Digifann1 in this regard, they are called proof of stake but they have no real use than to stake them. They will get pumped and later get dumped as usual. I expected BNB to have gotten to $1000 but it has not, but I am having fear that it may get dumped back during bear market.

      I may not totally agree with you on where you said that the reason why most utilities tokens are staked is because their lack real world utilities feature, that is a false assumption to me because if you check you will see that most cryptocurrency lack the real life utilities Aside from being treated as an assets, even Bitcoin falls to that category.
      I think what he meant is that if they are not proof of stake, they may remain more shitty and be like bitcoin copying cats. P2P and investment are bitcoin use case they copied. That makes bitcoin useful but they only copied it.
      Thanks. The idea is quite simple. Trick retail newbies to lock their money for useless APR, and enable the team to front run these people by selling first on pumps and crashes. This is also about proof of stake blockchains, but it is more about those utility tokens. Almost every single token creates a staking program with tokens that the team freely printed, precisely because these tokens are worthless junk. Staking is not an utility.


      Post
      Topic
      Board Altcoin Discussion
      Re: Bitcoin hyper, I need help please
      by
      Digifann1
      on 23/08/2025, 21:55:13 UTC
      Hello,

      I have pre-ordered some bitcoin hyper on this website https://bitcoinhyper.com

      I dont know much about crypto and idk how to claim my coins and transfer them on a wallet, maybe it was a big mistake or a scam.... I just received an email from " wert.io" that says :
      It is a scam, your money is gone. Two pieces of advice. Never invest into anything that has Bitcoin in its name. Second, don't invest in any presales or public sales at all.
      Post
      Topic
      Board Altcoin Discussion
      Re: How much lucky have you got with crypto airdrops ?
      by
      Digifann1
      on 23/08/2025, 21:52:00 UTC
      There are some guys who made millions with crypto airdrops. Do not believe me? Here are some credible news sources covering these crypto airdrops hunters :
      Most of those individuals, as few as they are, are scammers. They mislead most of their followers by sharing referrals and lying about every project that they are involved with, only because they are so desperate to earn some money. Who cares if many people lose time chasing shit projects as long he gets lucky once.  They are subhuman imbeciles.

      The era of good airdrops is over, and most of these articles are just shilling airdrops in which someone else has participated.
      Post
      Topic
      Board Bitcoin Discussion
      Re: Bitcoin is in danger, do you agree?
      by
      Digifann1
      on 23/08/2025, 21:48:06 UTC
      It is not, stop opening these stupid threads already. This forum badly needs a demerit system.

      We are all scared of the boogyman that does not yet exist and may never come into existance. It is all just FUD, as I see it.
      Exactly.