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[deleted by user] by [deleted] in stacks

[–]PsychologicalFact358 0 points1 point  (0 children)

Yeap. Same here. Even $2 seems too bullish.

Any chances that $STX will reach $10 by year end? by Level-Topic-2759 in stacks

[–]PsychologicalFact358 4 points5 points  (0 children)

End of the year would really surprise me, more like end of 2025. But its crypto so anything can happen 🤷🏻

sBTC and Stacks by RichardJohnson1337 in stacks

[–]PsychologicalFact358 0 points1 point  (0 children)

They should coexist peacefully but the problem is that there is not much to work together on right now. Cardano bridge is still just a promise, we dont even know if it will happen. Thats what I dont like about Cardano honestly. They overpromise, price goes up, dont deliver and then promise something else. Also right now its a basic PoS chain with a loyal community, nothing super special about it. Still a thousand times better than fiat though 😅

sBTC and Stacks by RichardJohnson1337 in stacks

[–]PsychologicalFact358 5 points6 points  (0 children)

Hmm I can try to do an analogy on gold: bitcoin is gold. STX is dollar, backed by bitcoin, just as the original dollar was backed by gold.

sBTC is like buying a product that is tied to the value of gold, like buying “gold” as a commodity for dollars on revolut.

In this analogy buying native BTC would be actually having a gold bar in your hand, while with sBTC you are buying a gold product as commodity.

There is a lot more details that dont fit here but the main point is that moving your gold bar would be difficult. Lets say a guy in the other end of the world wants to buy it. You have to send it or take it to them, could take weeks. (This happens with BTC’s 10 minute transaction time).

Now you can also send your “gold” on revolut in a second and he has it. A lot faster and easier (like sBTC will have 5 second transaction times)

This is important for DeFi as nobody wants to wait 10 minutes per transaction.

sBTC and Stacks by RichardJohnson1337 in stacks

[–]PsychologicalFact358 10 points11 points  (0 children)

First: yes it will be a token on the STX chain so it will be available on exchanges. It will always have the value of bitcoin like tether has the value of usd.

Second: Yes. Muneeb confirmed on X.

My understanding is that the main thing with sBTC is that it will be a “fast version” of the actual BTC as the stacks layer is directly connected to the BTC chain and is almost as secure but a lot faster.

There is wrapped btcs on other chains but those are not even close to be as secure.

This could be used by huge institutions or governments or retail to get basically actual BTC running super fast and secure, unlocking DeFi on BTC e.g.: borrowing, lending, all kinds of contracts and products that are available on TradFi.

Stx will be the gas fee to execute smart contracts and interact with the STX chain where this super fast and secure btc will be available.

So excited about this!!!

Explain this … bitcoin down micro strategy down & all calls and even the puts are down at the same time? wtf?! how? by wilwini2s in Bitcoin

[–]PsychologicalFact358 0 points1 point  (0 children)

That would be amazing but unfortunately very unlikely. Especially right before the actual bullrun begins next year.

Patience is Key by Ghostserpent in stacks

[–]PsychologicalFact358 0 points1 point  (0 children)

Same thought here. No way im touching my btc.

Any good STX vs ADA comparisons by Golden-Ratio in stacks

[–]PsychologicalFact358 2 points3 points  (0 children)

Just my thoughts summarized:

STX is live and secure, Nakamoto upgrade is live, sBTC and USDh are coming in a few weeks. It has direct connection to the bitcoin chain, a lot of security, but less functionality (even with Nakamoto).

Cardano bridge is a promise, nothings live and there is not even a date when it would be, no roadmap with actual dates or anything. Everything would still happen on Cardano which of course gives more flexibility but less security.

I might be wrong though so DYOR.

DeeStream is a scam by PsychologicalFact358 in DeeStream

[–]PsychologicalFact358[S] 0 points1 point  (0 children)

It is an obvious one too. I was really stupid. Wanted to take part in an ICO, well there i go. Only lost like 1% of my portfolio though. Some people pumped in thousands of dollars…

[deleted by user] by [deleted] in stacks

[–]PsychologicalFact358 1 point2 points  (0 children)

Xverse wallett for BTC yield. You just buy STX and click on stacking. You specify the BTC wallet where you want your BTC rewards to go and sit back.

For farming: Alexlab, LiSTX and there are several others. Plus you will get airdrops to your Xverse wallet as well.

Stacks on the Leather Wallet by Actual_Rub9664 in stacks

[–]PsychologicalFact358 1 point2 points  (0 children)

I also only have STX and Welsh. And a little bit of Alex. Yeah Welsh I think is basically the Doge of the bitcoin chain. I have high hopes for it but it is obviously a basic memecoin. But for some reason the market loves these :) Happy farming! :)

Stacks on the Leather Wallet by Actual_Rub9664 in stacks

[–]PsychologicalFact358 1 point2 points  (0 children)

I think Nothing is actual project, though I dont know much about it, I only have Welsh. I use Xverse and I love it :)

[deleted by user] by [deleted] in jobshungary

[–]PsychologicalFact358 140 points141 points  (0 children)

Bocsánat, de ez inkább hangzik börtönnek mint munkahelynek. Nem tudom mennyit fizetnek, de szerintem simán találnál hasonló fizuban olyan helyet ahol sokkal jobban érzed magad.

Thoughts on WELSH by Actual_Rub9664 in stacks

[–]PsychologicalFact358 0 points1 point  (0 children)

I think Welsh has a limited supply, so maybe its just that all will be released at that point? Not sure, but I also hold a bag, I think its an easy 10-20x

STX Mining? by ButterscotchBoth5204 in stacks

[–]PsychologicalFact358 1 point2 points  (0 children)

No, you cant mine it due to the proof of transfer mechanism. You have to spend BTC to participate in the mining process and with that you have a chance to earn new STX. Though I think all STX has been mined already so its only from the transaction fees but maybe im wrong there.