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Showing 18 of 18 results by underwood77
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Board Bitcoin Discussion
Re: What will happen to Bitcoiners in Britain when it is 2029?
by
underwood77
on 01/10/2025, 16:24:16 UTC
Sooner or later, all states will adopt a digital ID, which means even tighter control over everyone. We’re already being watched — no point denying it — from phones spying on conversations, to what we buy, to where we go with Maps. In my opinion, if governments tighten their grip too much, it will spark a revival of the cypherpunk movement and people’s desire for freedom, and it will also lead to Bitcoin being used as a tool of liberty, while exposing CBDCs for the garbage they really are.
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Board Bitcoin Discussion
Re: An Arrest/deportation Scenario
by
underwood77
on 01/10/2025, 16:16:46 UTC
You should take into account that even if something happens to you because you’re under investigation or wanted for terrorism, etc., you need an emergency plan for a serious event. Tell a close family member or friend the procedure to recover funds, have a notary hold your passphrase, maybe use a multisig wallet, or have two hardware wallets: the first, less valuable, used as a decoy with only a small amount, and the second holding the majority of your bitcoins entrusted to a person you trust completely — with the seed phrase written in code and three or more copies placed in different locations that only you or a very small circle can access
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Topic
Board Speculation
Re: Do we really trust Bitcoin?
by
underwood77
on 28/09/2025, 09:11:29 UTC
It depends from person to person: some want to put 10% of their income, others 50%, others 80… Everyone does their own math at home and decides how much to invest. Since it was created, Bitcoin has always delivered returns far superior to any other stock. If someone studies Bitcoin and understands the enormous potential it has, I think they wouldn’t hesitate to put their capital into it. People are afraid of volatility, but in the long run (10 years and beyond) we’ll see a very different price compared to today.
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Board Bitcoin Discussion
Re: Is the Lightning Network Really the Future of Bitcoin Payments?
by
underwood77
on 28/09/2025, 09:04:12 UTC
Lightning is still at the very beginning. It can feel complicated at first, but once you get the hang of it and gain some experience, it’s easier than it seems. With USDT coming onto the Lightning Network and the release of new, more user-friendly apps, I think in the coming years we’ll see greater adoption of LN among people
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Board Italiano (Italian)
Merits 3 from 1 user
Re: Possibilitá realistiche di resilienza di BTC e crypto - elettricitá e uplink
by
underwood77
on 28/09/2025, 08:57:59 UTC
⭐ Merited by fillippone (3)
allora sto studiando le reti mesh lora, questo sistema a lungo raggio npermette di scambiare byte a una buona velocita con pochissima latenza
capite benissimo che in un contesto particolarmente apocalittico e' ottimo

al momento viene usato per comunicare tramite un app di messagistica col suo principale esponente meshtastic


l app parli di bitchat?
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Topic
Board Italiano (Italian)
Re: Possibilitá realistiche di resilienza di BTC e crypto - elettricitá e uplink
by
underwood77
on 27/09/2025, 18:11:07 UTC
Ottima osservazione, ma non tutti hanno i pannelli o un singolo pannello solare, tantomeno starlink, secondo te sarebbe un scenario remoto ma possibile?
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Board Bitcoin Discussion
Re: Bitcoin's decentralization can never be taken for granted.
by
underwood77
on 27/09/2025, 16:23:39 UTC
Exactly. Greed will always push some people to try and twist Bitcoin for their own benefit, even at the cost of disrespecting its roots. That’s why it’s up to us as a community to defend decentralization and support the developers who are building tools to keep it that way. With enough pressure and commitment, Bitcoin can stay true to what it was meant to be
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Board Bitcoin Discussion
Re: Internet search about Bitcoin can be misleading for beginners at times
by
underwood77
on 27/09/2025, 08:37:50 UTC
It also happens to me when I talk about Bitcoin with other people. 90% of the time the answer is that it’s a scam, that it helps criminals, that it’s used for illegal trafficking. The truth is that until the big banks and governments say ‘use Bitcoin, it’s a sound and decentralized currency,’ they will keep using fiat. When banks and the mass media start saying that Bitcoin is not for criminals—in fact, the currency most used in crime is still the USD—then people will start to come in en masse (maybe too late if they’re only watching the price). Unfortunately, most people are like a herd being led by their master.
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Board Bitcoin Discussion
Re: Bitcoin discussion about banks and Bitcoin services
by
underwood77
on 27/09/2025, 05:56:12 UTC
Banks that give you a gold bar for one Bitcoin? And if that Bitcoin is worth more than a gold bar in ten years, what will they do? Will they give it back to you? I don’t think so. Banks are like Judas, they will betray you sooner or later. Keep your Bitcoin safe, but keep it yourself, because banks can fail along with the entire fiat system behind the
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Board Bitcoin Discussion
Re: The CBDCs is still a government tool, unlike Bitcoin
by
underwood77
on 26/09/2025, 18:21:32 UTC
I think stablecoins are the biggest danger we are facing in crypto, many people use them, and big tech already created their own stablecoin versions.
For me CBDC is the same as stablecoins, most of them can be frozen or restricted, and printed from thin air.
This is all connected with stupid Digital ID, and one Keir Starmer already announced nobody will be able to work with that in England.


Totally agree, CBDCs are a surveillance tool similar to PRISM, which Snowden heavily criticized back in the day. There will be no more privacy and no control left.
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Board Bitcoin Discussion
Re: how obsessed with btc are you?
by
underwood77
on 26/09/2025, 16:37:41 UTC
I follow BTC closely enough to understand market cycles, adoption trends, and key network developments—but I don’t let price swings dictate my every move.

I agree, I don’t look at the price anymore. Back in 2017 I used to check it every morning and was almost paranoid. Now, even if it dropped 50%, I’d actually be happy, because it would shake off those centralized institutions from Wall Street buying Bitcoin in suits and ties. I’ll HODL until I retire, and then pass on the remaining BTC as an inheritance to whoever I choose
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Board Bitcoin Discussion
Re: The CBDCs is still a government tool, unlike Bitcoin
by
underwood77
on 26/09/2025, 14:41:38 UTC
CBDCs are just like fiat: trash. They allow central banks to have even more control over citizens. Here’s a roadmap of when they’re theoretically expected to lau

[url]https://www.reuters.com/business/finance/eu-ministers-seek-agreement-digital-euro-be-independent-visa-mastercard-2025-09-19//url]
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Board Bitcoin Discussion
Re: Michael Saylor Supports Bitcoin Knots
by
underwood77
on 26/09/2025, 10:48:48 UTC
I agree, Bitcoin Knots will never surpass Bitcoin Core, it’s highly unlikely. I’m still sticking with Core, and I’m not sure if I’ll update right away to 30.0 when it’s released. I’ll probably stick with 29 for a while.
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Board Bitcoin Discussion
Re: Bitcoiners require social currency and advocacy to get wealthy.
by
underwood77
on 26/09/2025, 08:28:49 UTC
f you’re convinced about Bitcoin, you shouldn’t even be asking these questions. If you still think it might be a Ponzi scheme, then you haven’t understood how it works and need to study more. Honestly, I’m glad when people say it’s a scam, that I’ll lose my money, etc.—because it means I can keep buying and holding my Bitcoin for myself. Do you want to be richer than others in fiat terms? Just hold, keep DCA’ing for the next 15–20 years, and then make your calculations. We all know that in 5–10 years it will most likely reach 500k or even 1M. Nobody knows exactly when, but it will happen. So these Ponzi-scheme questions shouldn’t even exist—would financial institutions and big banks be investing if it really were a Ponzi
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Board Bitcoin Discussion
Re: What would happen to Bitcoin’s value if all countries banned crypto exchanges ?
by
underwood77
on 26/09/2025, 08:17:25 UTC
Governments would never ban Bitcoin, since it’s not really governments who rule the world but banks and large institutions. It would be suicide for them to ban Bitcoin because it would mean their own downfall, given that they have invested and will continue to invest in it as a store of value. If it ever happened, the price would drop almost to zero, and honestly I’d be glad, because it would start again like the 2009 cycle with extreme volatility, but then the price would skyrocket after just a few years
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Board Bitcoin Discussion
Re: Is Bitcoin Just Digital Gold, or the Future of Global Finance? There are two co
by
underwood77
on 26/09/2025, 08:07:01 UTC
Maybe this is a mute question as it has already evolved. More specifically it has evolved to a level where it can fulfill the majority of functions available in tradfi via layer2's. The question is simply when will its use become mainstream or even the default?

For many of us Lightning already works as the default. What’s missing is awareness and merchant adoption — once UX improves and more people try it, mainstream use will follow naturally. That said, I think it will still take decades: the masses will likely move first to USDT on Lightning rather than directly to BTC. Bitcoin will be adopted as a store of value and digital gold, but a true Bitcoin standard will take much longer
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Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Is the Lightning Network Really the Future of Bitcoin Payments?
by
underwood77
on 26/09/2025, 08:00:19 UTC
⭐ Merited by BitGoba (1)
I use the Lightning Network almost daily, not for physical stores but online. I use Bitrefill to pay with Lightning for gas vouchers, Amazon vouchers, and supermarket vouchers. I keep around 150,000 sats per month on Zeus, connected to my own node, to pay with LN. Physical stores in my area are still very few, and although some do exist, I’ve never tried them yet
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Topic
Board Bitcoin Discussion
Re: What else have Bitcoin done for you apart from making money
by
underwood77
on 26/09/2025, 06:56:10 UTC
It’s been 4 years now that I’ve been studying Bitcoin, and you never stop learning. I only keep the bare minimum in the bank to live and cover everyday expenses, and I convert the rest into Bitcoin, paying through the Lightning Network whenever possible. I try to adopt the Bitcoin standard as much as I can, and I keep a cold wallet to secure a future pension.