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Showing 20 of 100 results by highalch
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Topic
Board Mining
Re: Block withholding attacks
by
highalch
on 14/07/2025, 16:16:23 UTC
It's like stabbing a knife into your own stomach.

(Of course they share, that's how they earn bitcoins)
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Board Bitcoin Discussion
Re: Get to 1 bitcoin, shut the fuck up and get incredibly wealthy
by
highalch
on 30/03/2025, 10:02:35 UTC
To put this into context, 0.1 BTC is life-changing wealth in Africa, 0.5 BTC is life-changing wealth in Indonesia, 1 BTC is life-changing wealth in Eastern Europe, 2 BTC is life-changing wealth in Western Europe, 3 BTC is life-changing wealth in the USA.

Most of you have complete freedom on where to live. Stack accordingly.
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Board Bitcoin Discussion
Re: Is it possible to buy a house with BTC in your country?
by
highalch
on 29/03/2025, 21:45:40 UTC
EU / Hungary

Theoretically possible, but noone wants to take the extra administration and the buyer does not want to run the extra risk. The market is not ripe for it.

By the way, you can even come by livable houses under 1 BTC worth of fiat here, (used, needing minor renovation). Newly built in the capital usually cost around 3-4 BTC.
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Board Bitcoin Discussion
Re: Bitcoin Testnet3
by
highalch
on 29/03/2025, 21:36:15 UTC
Quote
It lacks the key property of a currency.

It has more currency-like properties than most of the shitcoins still Cool
I'm not surprised ppl are trading it. I remember Goerli ETH tokens were traded, they were hard to come by after Sepolia launched. It's kinda the same thing.
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Topic
Board Bitcoin Discussion
Re: Bitcoin investment doesn't guarantee you richness
by
highalch
on 29/03/2025, 21:31:16 UTC
Quote
actually bitcoin investment is not a get rich quick scheme

bitcoin is a get rich slow scheme  Grin

for real. if you cant hodl through 82K, you dont deserve the hundreds.
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Topic
Board Bitcoin Discussion
Re: Why the concept of crypto ATMs failed ?
by
highalch
on 29/03/2025, 21:27:19 UTC
Also, let's highlight that 99% of those ATMs DO NOT protect your privacy.
They are KYCd with some laughable limit and there are cameras stuck into your face everywhere.

So let's just stick to the "scam" definition. There's no extra service which justifies the horrible fees
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Topic
Board Bitcoin Discussion
Re: Why the concept of crypto ATMs failed ?
by
highalch
on 29/03/2025, 21:21:42 UTC
Crypto ATMs are legal scam.

At least, for a significant portion of ATMs the total fees on a transaction can be as high as 15%. For ONE transaction. A little bit of miner fee, a little bit of spread, a little bit of whatever fee. Compare this to the <0.1% fees of most crypto exchanges. They take advantage of you since you clearly don't read the ToS and cant count in bitcoin.
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Board Bitcoin Discussion
Re: Retirement
by
highalch
on 12/11/2024, 00:29:10 UTC
You don't have to liquidate all your holdings to live off it for the rest of life. Liquidate some, get the life you want, and let the rest grow.
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Board Bitcoin Discussion
Re: Victory for trump is a win for bitcoin
by
highalch
on 08/11/2024, 11:55:00 UTC
Quote
In what aspect do you expect his support? I hear many people talk about whether Trump supports Bitcoin, bla bla bla, but they fail to mention the areas in which he can support Bitcoin for better understanding. Or are you guys expecting him to come out to the public and say 'I Trump support Bitcoin' and boom the price starts skyrocketing?

I expect him at least to give some opportunity for Cynthia Lummis to implement her BTC buying strategy. If even the slightest of that plan gets implemented, it would be huge for BTC.
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Board Bitcoin Discussion
Re: Has Bitcoin met your expectations from the time you bought your Bitcoin till now
by
highalch
on 08/11/2024, 11:52:22 UTC
Bitcoin this year is exactly on the track as I was expecting during the bear market. So far so good Smiley

I might even need to revise my 240K target if Cynthia Lummis can in fact make US go all-in on BTC. Buying in this quantities would be huge.
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Board Bitcoin Discussion
Re: Why Bitcoin and not any Altcoin?
by
highalch
on 01/07/2024, 05:03:52 UTC
just look at the top 10 now:

- 1. bitcoin
- 2. ethereum: half of the coins in circulation are pre-mined
- 3. tether: zero audits, don't know if it's backed by anything but thin air
- 4. bnb: binance can influence the price up or down whenever they want
- 5. solana: centralized on the validator level, probably has ties to FTX
- 6. usdc: might be ok, but honestly it's just dollars and treasury bills, not a crypto investment
- 7. xrp: is it still alive?
- 8. toncoin: 3 wallets control 50% of supply
- 9. dogecoin: a joke, but at least a PoW joke (price goes wherever Elon wants it to go)
- 10. cardano: an ultra-slow, neverending science project

so there is bitcoin, the fully decentralized, censorship-resistant, free money
it's not playing in the same league
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Topic
Board Bitcoin Discussion
Re: Milton Friedman predicts the inception of Bitcoin
by
highalch
on 01/07/2024, 04:52:30 UTC
Before we'd nominate Friedman as some kind of bitcoin hero, let's think for a moment what evil monetarism has set loose, and how exact opposite it is to bitcoin's ideology.
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Board Bitcoin Discussion
Re: 🔍 Unveiling Satoshi Nakamoto: Community Vote 🗳️
by
highalch
on 25/06/2024, 19:15:57 UTC
Hate to break this to you, but owning a domain name is just controlling a couple of lines on some nameservers. You know nothing.
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Board Bitcoin Discussion
Re: Why Bitcoin and not any Altcoin?
by
highalch
on 25/06/2024, 19:07:37 UTC
Quote
What is your most important pro Bitcoin argument?

Alts are centralized, premined or vested the unfair way, but most importantly risky. Both coins and tokens. Nearly all crypto projects embody huge smart contract security risks which you are not aware of since you are not a smart contract auditor. Regular people get rekt. History proves 99.9% of altcoins die. Just look at a historical chart of coinmarketcap top 10. Do you remember EOS, LUNA, NEO, ... ? They once had tens of billions of dollars in them.

Pro bitcoin? If crypto market moves up, bitcoin benefits from it in any case. If bitcoin moves up, there's way smaller chance that your precious alt will follow.
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Board Altcoin Discussion
Re: Have you been profiting from memecoins?
by
highalch
on 29/05/2024, 00:38:21 UTC
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You're right investing in the early stage before they start trending in price

Approximately 99.99998% of memecoin launches are ICO scams or rugpulls.

If it doesn't have at least a 100M USD of liquid market cap, I'm out
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Board Bitcoin Discussion
Re: Why use decentralized bitcoin in a centralized way?
by
highalch
on 27/05/2024, 21:53:32 UTC
Quote
I do not want to use bitcoin the centralized way, I want to have total control of my coins and be my own bank. Is this difficult to achieve? Are there prices I have to pay or is everyone eventually moving to the centralized way?

It's as easy as pressing the withdraw button on that exchange. No, seriously.

The price you pay is the due diligence you did or did not do. Learn how to securely use a hardware wallet.
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Board Bitcoin Discussion
Re: Exposure to bitcoin at young age
by
highalch
on 27/05/2024, 21:49:46 UTC
How young exactly?

For a 5y old no way I'm gonna talk about blockchain fundamentals. For a 14 years old, it's a different story. Learning early on from a trustworthy source instead of finfluencers and scammers could be game-changing actually.
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Topic
Board Economics
Re: Is Inflation Necessary
by
highalch
on 27/05/2024, 12:04:34 UTC
Fun fact: in order to keep inflation 0%, governments would still need to keep printing money.

Deflation is the base state of all economies, given that technological advance results in more produce year by year.
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Board Bitcoin Discussion
Re: DeFi, AI, NFT & Gaming on Bitcoin is a scam?
by
highalch
on 27/05/2024, 11:54:24 UTC
Any popup of "decentralized AI" or "bitcoin AI" is a scam. Why? Because if someone started building it, he would certainly have to rely on centralized datasources, servers, pretrained models, etc. Storage space is usually so extensive, you cannot store on blockchain. That's just one chunk of the problem still. Then, how do you execute your AI software? How do you retrain your model? Redeploy terrabytes on the blockchain for millions of dollars every day?

What you see as AI are usually ICO scam networks deploying some shitcoin as ERC20, throwing in some fancy words and harvesting money from dumb investors. Then disappearing in a snap.
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Board Altcoin Discussion
Re: Have you been profiting from memecoins?
by
highalch
on 25/05/2024, 08:24:03 UTC
Yes. To have my exposure, I put $10 into PEPE and quickly forgot about it. Recently checked, and cashed out at $122 USD lol. Singlehandedly my best trade, and wasn't even paying the slightest attention.