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Showing 20 of 147 results by dumpsterhawk
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Board Bitcoin Discussion
Re: Another Reason Why Bitcoin Will Go Up
by
dumpsterhawk
on 08/09/2025, 20:03:06 UTC
IIRC there was a discussion to brought the lost coins in circulation, although it's just an idea and the developers haven't realize it.
There is zero chance of such a proposal ever passing, in any version of it. Bitcoin is divisible by 100M satoshis. Even if we had only 1M Bitcoin left, it would be more than enough. If its value would increase too much you could add another unit smaller than satoshi. This would make it usable even if there was only 1 Bitcoin left in the circulating supply. Diluting the market by reintroducing lost coins is a very bad idea. As an outsider you can never prove with certainty that coins are actually lost.

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Board Announcements (Altcoins)
Merits 1 from 1 user
Re: [ANN] Ethereum: Welcome to the Beginning
by
dumpsterhawk
on 08/09/2025, 19:26:43 UTC
⭐ Merited by Kavelj22 (1)
I started stop believe in Ethereum long time ago since years, although i don't think it's a shitcoin. No it's not by all means. You can either compare Ethereum to other major cryptocurrencies to see that there is already real use cases for EVM to create and lunch smart contracts at top of the blockchain and Eth is the network token used to perform actions within. Or just see how well eth is doing in the trading market considering how big is its marketcap and how many holders and miners nodes.
It is a shitcoin built on fraudulent promises. It did not deliver anything that it was promised to be. Just because it is being used in some ways that does not make it any less of a shitcoin. The overall quality of the project is terrible, and that is the main metric for determining whether it is a shitcoin.

Do people not remember the promises where smart contracts will change the world and make everything into an utopia? So what happened? Most of the smart contract usage are for DeFi and other on-chain activities that are the solution to a problem that didn't exist. Very little of the usage has any world impact. By creating a blockchain with smart contracts, they created a problem that needed solving DeFi and then solved it. Most ETH fans were sold the solution to a problem that the founders of this chain created, and they bought it like gullible little children sipping their tasty kool aid.
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Board Speculation
Re: Bear market in october?
by
dumpsterhawk
on 08/09/2025, 19:22:55 UTC
Most of the work by analysts is meaningless. They are not talked about in the media like serious people, it is hot air and random predictions which are completed from previous cycles and dates. Analyst make new predictions every week, how much of their work is accurate?
You are one of the few people here who understands it.

I agree with the statement that the ETF and institutional involvements in bitcoin will definitely make this years bull run to be different and it is already happening as there are indications already that signifies that this years bull run is definitely a bit different, Although it hasn’t actually swayed away from the historical trend but there are things that are making it deter a little bit away, like the month of August ending bearish. One key thing is that this institutions involvement will be heavily affecting the market volatility rather than anything but most historical events will still be unchanged. This is part of the reason why most people think that we could even have an extended bull run as institutions wouldn’t be selling easily
Your post does not make sense to me. You say that indicators are saying that the bull run is different, but at the same time you say that it is not different from the historical trend. Make up your mind, you can't have both. The chart shows quite a strong resemblance to the previous runs, not all details of the bull run have to be the same for it to not really be different.
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Board Economics
Re: Some day gas and crude oil will be a thing of the past
by
dumpsterhawk
on 07/09/2025, 15:27:42 UTC
Good article, and nice prediction. Fuck fake trans and woke people, they should be swiftly executed with the guillotine. We have enough problems, we don't need living and walking cancers too.

Realistic it is I think.
The developed world, the world in development are governed by narrow minded people.
The self inflicted financial thresholds force them to take decisions they ignore the consequences.
Most of what happens nowadays it was foretold.
Fair enough, it is not that I am actually disagreeing with you. It is just that your post stands out as genuine and different from the average response of 3rd world idiots in this thread. Chasing growth and infinite profits is what is going to kill us. Either we stop it before it is too late, or it will go very bad at some point.

That day will come, but differently than most imagine.
Donkey and horse carriages most likely. 
Could you please clarify the horse-drawn cart and donkey analogy? I'm a bit confused by what you mean. Especially considering that the use of oil and gas in the future will be significantly reduced when their competitors are rechargeable batteries, or when electricity itself will be used more for long-distance driving. So, will poor people who can't afford electric vehicles return to using horses and donkeys for transportation? It will truly seem like there hasn't been any technological progress.
It is not an analogy, he means it literally.
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Board Bitcoin Discussion
Re: Bear market in october?
by
dumpsterhawk
on 07/09/2025, 14:59:35 UTC
It is yet another random prediction, meaningless and based on hot air. He's a retard. As most people are making bullish predictions, he tries to make an opposite one to have a chance to be one of the rare ones to be right. If he makes a bullish prediction and it becomes true, it is meaningless as there are many bullish predictions relating to the end of year. Desperate man does desperate things to make a name for himself due to improbable events.

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Board Bitcoin Discussion
Re: Trump's sons' American Bitcoin stake worth $1.5 billion in stock debut | Reuters
by
dumpsterhawk
on 07/09/2025, 14:56:56 UTC
A summary...

American Bitcoin Corp, a bitcoin mining company, more than doubled in value in its stock market debut on Wednesday. Before the IPO, Eric Trump and Donald Trump Jr owned about 20% of the company (and Hut 8 Corp owned the other 80%). Their diluted stake is valued at $1.5 billion at the close of trade.

Leftists in USA told me that Trump is about to be bankrupt after those fraudulent cases against in New York.  Roll Eyes Meanwhile they are richer than ever.  Cheesy

Trump is a shitcoiner scammer he creates shitcoins and sells them to naive, foolish, and greedy people, filling his own pockets. He is no different from other scammers like Vitalik Buterin, Justin Sun, Charles Hoskinson, and many other shitcoin fraudsters.

Instead of using his influence and knowledge for constructive purposes, he has devoted himself to easy profit and manipulation, creating and promoting shitcoins and profiting from the ignorance and greed of others.
Who is at fault here, the one creating products or the ones consuming them? There is no trick involved, so there is no justification for any ignorance. It is not like they are trying to sell a token as a layer 1 chain or some other kind of manipulation. They are selling it for what it is. People are buying it for what it is. Blame the people.

It’s shameful what Trump has come to  he has completely lost all moral and principled standards.
Business is business babe, enjoy the fruits of democratic marxist policies. What is a woman anyway, right?  Roll Eyes


[/quote]
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Board Economics
Re: Some day gas and crude oil will be a thing of the past
by
dumpsterhawk
on 07/09/2025, 14:53:27 UTC
I like when you said "replacing oil and gas is not as easy as some people think" oil and gas is still very important infact it's plays an important role in human existence since it's a mineral resource however instead of replacing it totally there would be alternatives for instance there's fiat and there's Bitcoin, Bitcoin won't completely replace fiat but would serve as an alternative, that's how it would be concerning oil and gas and other energy resources in the future. That's why not everyone is buying the idea of electric cars currently cause they still believe that petroleum powered vehicles are still very useful, maybe in the future their use case would be minimal but they won't be completely eliminated.
People who are talking mostly about electric vehicles in this topic are clueless NPCs whose knowledge is limited to reading daily news on social media. Oil is not going anywhere soon. While usage in vehicle is a major thing, it is the easiest thing to solve. Our whole economy is built on products that are made by oil derivatives, or intermediary products created by those derivatives. Even if all transportation systems stopped using oil tomorrow, oil is not going anywhere anytime soon.

That day will come, but differently than most imagine.
Donkey and horse carriages most likely. 
Quite a dark view on the future.  Cheesy
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Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
dumpsterhawk
on 07/09/2025, 13:32:47 UTC
I still can't fully trust Ether's performance despite its recent highs. I'll be sure follow ethereum for the next period to maintain this performance growth to prove that the current price movement isn't the product of a few whales' actions to manipulate the market. I say this because i know the eth network still suffer from scalability problems and lack of major updates, which open the door to other competitive networks to take parts from the eth portion in the market. Some still believe that eth is still alive just because some chain networks that are developed in top of it. While few others believe in the Vitalik abilities to sustain the network.
It is a shitcoin for the gullible that only has first mover advantage. Its technology stack is trash, it does not scale well and it is complicated with stupid L2s that serve no purpose other than to enrich the founders at the expense of retail. As you can see, there are very few people who believe or interact with Ethereum here. They mostly keep the people suckered in through channels where you are not allowed to be as critical of it. I have never heard one smart person tell me good things about Ethereum. Whenever I met other crypto people, all I could hear about it was bad stuff.

Its price performance is terrible. Always look at the ETH/BTC chart, not the USD chart.
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Board Bitcoin Discussion
Re: Do you consider bitcoin as a currency or as a digital investment asset
by
dumpsterhawk
on 07/09/2025, 13:29:49 UTC
Why either or? I consider it both.


The fact that the value change (positevely) over the time is also the sign that this is a strong medium and not only a currency.
Almost all currencies change their value a lot, so this is not a point that disproves Bitcoin's status as a currency.

To me, an asset that is scarce and increases in value over time like bitcoin. Spending it is a waste, instead we should utilize its full potential to create greater benefits.
If you spend some, just buy more. That is an easy solution to what you wrote.
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Board Altcoin Discussion
Re: SEC Declares Tokenized Stocks as Securities – Bullish or Bearish for Crypto?
by
dumpsterhawk
on 07/09/2025, 13:28:17 UTC
Tokenized stocks is a stupid idea. It is just a duplication of an existing thing, it does not bring many benefits at all. Of course it is a security, it derives its value from another financial instrument the stock. Natively issued stock on the blockchain would be a game changer though, they would not be securities as they would not be deriving their value from another financial instrument.

Ondo finance recently announced partnering with several exchanges to bring these tokenized stocks onchain
ONDO is shit.

It is bearish for Real World Asset (RWA) projects but not the entire crypto market.
Most RWA is just a fad, it won't have any impact on the entire crypto market.
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Board Altcoin Discussion
Re: September Dips: Time to Buy or Just Sit Tight?
by
dumpsterhawk
on 07/09/2025, 13:25:49 UTC
Everything depends on whether an altcoin season will actually happen or it won't. Many people are convinced because it happened in the last cycle, but their primary motivator is because they are deep bagholders. If they didn't hold many altcoins that are down hard, they would not be so convinced about an altcoin season. My take is: Wait and see. Everything is very different than in the last cycle, which means that we can't predict what will happen. It is possible that an altcoin season will repeat itself, but also that it won't. If it does repeat itself, I expect it to at least be different from the previous ones.

Many projects suck, they never should have been created. It is time for bankruptcies and a clean out of this market.
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Board Speculation
Re: Bitcoin will enter $130k by August.
by
dumpsterhawk
on 07/09/2025, 12:41:44 UTC
Very few are credible. Just because a person believes something stupid, that does not make it credible though. What most people fail to understand in life is that most of the time it is better to keep their mouth shut.
Everyone has the right to disbelieve other people's predictions and also has the right to believe them for a reason. But I don't know what you call stupid, because basically everyone has the choice to believe or not what others say. Furthermore, everyone is strongly encouraged to believe in themselves, as long as they possess abilities far above average. Therefore, it's natural to distrust the words of others, including their experiences. However, for those who are learning to understand something they don't yet understand, they will probably continue to search for it from various sources, even if not everything they seek is immediately credible.
Almost all predictions are wrong all the time, because of that it is good to conclude making predictions is stupid. You can do something better with your life. Someone occasionally gets it right, but that is simply because the total sum of people predicted almost every possible and reasonable outcome so someone had to be right. It didn't mean that they knew something or that they an expert. If there exists one person who can make predictions accurately in a consistent way, they would be the richest person in the world within 1 year.

This person does not exist, which means speculation and TA are as accurate as astrology.  Cheesy
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Board Economics
Re: #1 economy problem
by
dumpsterhawk
on 07/09/2025, 12:33:54 UTC
The problem is in capitalism itself.

Produce produce produce, make more than last year, make higher profits, just make it. Do we really need everything we produce? No. Even though we have limited resources, we are too greedy to stop wanting more and more. Look at for example bakeries. Nobody, absolutely nobody eats all that bread they produce. But do they instead produce less? No, of course not. They would rather throw the surplus away than risk missing out on even a tiny bit of profit from producing too little.
Yep. The infinite growth economy is a scam idea that a few fake experts inserted into the world. People confuse things, just having a Phd does not mean you know anything. That's why the world is full of fake experts and false ideas. There are some good books on economies that don't chase yearly growth. Assuming even half of the theory would come true, those economies are utopias compared to our capitalist hell.
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Board Speculation
Re: Bitcoin will enter $130k by August.
by
dumpsterhawk
on 31/08/2025, 11:40:11 UTC
There is no reason to make baseless predictions such as this one, of course unless you have nothing better to do with your life. There are so many predictions about the price online, they are all noise. Very few are interesting and based on some good research or indicators.
Not everything on the internet is nonsense; some predictions are credible, even if they aren't 100% accurate. But as long as the prediction is even remotely close to the market price, it should be considered the best of the many predictions available online. Furthermore, we're not forced to believe other people's predictions; everyone can make their own predictions based on their own research and analysis before believing what others say on social media.
Very few are credible. Just because a person believes something stupid, that does not make it credible though.
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Board Bitcoin Discussion
Re: Can Custodial Platformz Ever Match the Security of Bitcoin Self Custody?
by
dumpsterhawk
on 30/08/2025, 21:01:44 UTC
Most platforms have better security than most users today already.

There is this one particular phrase that always comes up in most of our discussion concerning Bitcoin, and this is "Not your Keys, not your Coins."  Thiiss very prrinciple is taken seriously by many of persons her, but I noticed that there are still a good numbers of Bitcoiners both the experts and even the newbies that still relies on custodial platforms. A fellow Bitcoiners once told me that his preference for custodial platforms is as a result of "it's easy access and convenience and even claimed that it had a stronger security measures." But most of what he said don't really add up if we take a look at the collapse of FTX in 2022.

With self-custody, the responsibility is entirely on the individual no doubt, but if you control your private keys, you control your Bitcoin. But once you hand that control over to custodian platform, you are simply taking that trust and handing it over to another and the case of FTX and many others has shown us how bad that can eventually turn out.
We are talking about a fairly unregulated and uninsured platform though. Things will get better over time as bad actors disappear and regulations become better, but nothing will ever beat an educated user who does self custody. That said, such users are very few. 
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Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
dumpsterhawk
on 30/08/2025, 20:59:14 UTC
You can earn up to 1 ETH.. get 50% off on eth purchase

What a useless campaign.

Quote
2.The total incentive pool is 20,000 USDT, first come first served.
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Board Speculation
Re: Bitcoin will enter $130k by August.
by
dumpsterhawk
on 30/08/2025, 20:57:28 UTC
Is entering 130k in the room with us?
He have left the room since And the OP will be joining us back maybe by the end of the year since the bitcoin price is doing exactly the opposite of what was predicted, and the month of August is ending tomorrow. Unless there is some magic trick, if not, we can’t even see $120k at the end of the month, talk more of the $130k.
It's funny how many come to make predictions and respect everybody to trust their predictions when we all know that no one can actually see the future of Bitcoin but we can just keep on assuming it turns out the way we expected. The price of Bitcoin can't be stagnant that's why we have the dip and bullrun. Without Bitcoin fluctuating we won't be witnessing an ATH either. $130k this August wasn't correct because it looks like it was even difficult for Bitcoin to remain in $120k either
There is no reason to make baseless predictions such as this one, of course unless you have nothing better to do with your life. There are so many predictions about the price online, they are all noise. Very few are interesting and based on some good research or indicators.
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Topic
Board Economics
Re: #1 economy problem
by
dumpsterhawk
on 28/08/2025, 13:40:31 UTC
Quote
There is an unlimited demand from humans but there are only limited resources.

Most of the resources on Earth are practically unlimited even if limited in theory. Humans only ever tried to extract oil and minerals from the outermost 1% of Earth's crust, why? Not because they couldn't. They are already providing the right supply for the current demand. If demand increases, they'll dig deeper.

The concept of marginal utility which was mentioned here before is also important. "Unlimited demand" in your terms is not true, it's an ever-decreasing demand as one's needs get filled.
The costs and the environmental factors come in to play. There is demand but not at the price required for such operations and negative externalities.
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Merits 4 from 1 user
Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
by
dumpsterhawk
on 28/08/2025, 13:39:16 UTC
⭐ Merited by nutildah (4)
What's the latest status of the Qubic attack on the Monero blockchain? What percentage of the current Monero hash rate does Qubic have?
Read the responses on the previous page. There was no attack. They had about 30% of the hashrate at which point you can try to do the attack, but there was no attack. They spent a lot of money for this stunt.

Quote
Monero was not 51% attacked. This article debunks CoinDesk’s report, revealing how Qubic’s hashrate claims were faked to mislead the crypto community.

Dear Coindesk,

We are writing you to express serious concerns about the article “Monero’s 51% Attack Problem: Inside Qubic’s Controversial Network Takeover,” published on August 12, 2025.

While the article brings an important topic to light, it appears to have uncritically published claims from Qubic, leading to the misleading conclusion that a successful 51% attack on the Monero network is underway.

This article, in its current form, is of low journalistic quality as it presents unverified claims as fact. By providing a platform for Qubic’s unproven assertions, it risks damaging the reputation of a legitimate project like Monero and causes significant concern within the broader cryptocurrency community. The alleged “attack” by Qubic is not a real 51% attack but rather a marketing stunt based on falsified numbers.

We have evidence to suggest that Qubic’s claims are misleading and their hashrate numbers are not independently verifiable. This action damages legitimate miners and network participants for the personal gain of a single entity. It is unacceptable for a reputable publication like CoinDesk to provide a stage for such bad economic actors.

https://riat.at/reaction-coindesk-research-article-alleged-51-attack-on-monero-pow-network/
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Board Bitcoin Discussion
Re: Peter Schiff is now a Bitcoin miner
by
dumpsterhawk
on 19/08/2025, 20:04:04 UTC
I think it just means that Bitcoin is now at a stage that it is no longer undeniable especially if some of the biggest critics like Mr Schiff have folded and joined the bandwagon  Smiley
I will repeat myself again, Peter Schiff is a nobody. A loudmouth critic that is a nobody is someone who is not important. Even if he joins the Bitcoin bandwagon it is as meaningless as his critic, stop giving useless idiots attention.