Damus

Recent Notes

Ľḭṿḙśƫṟãɖãṁṹṧ💫#RunCoreV31 profile picture
You should not immediately sell or interact with new Bitcoin forks due to critical security risks and financial disadvantages.

1. Replay Attack RisksIf a new hard fork lacks proper replay protection, a transaction you broadcast on the new forked network can be copied ("replayed") by malicious actors onto the original Bitcoin network. This means that while attempting to move or sell your new, low-value forked coins, you could accidentally broadcast the same transaction and lose your original Bitcoin (BTC).

2. Exposure of Private KeysTo claim or sell a forked coin, you often have to import your original wallet's private keys or seed phrase into a new, unverified wallet software that supports the fork.Many of these new wallets are malicious scams built specifically to steal the private keys of Bitcoin holders.Best Practice: You should always safely transfer your original Bitcoin to a completely new wallet with a new seed phrase before exposing your old private keys to claim a forked asset.

3. Extreme Market Volatility and Low LiquidityThe earliest hours and days of a fork are chaotic.Network Instability: Exchanges may temporarily pause deposits and withdrawals, meaning you cannot easily move the coins to sell them.Illusionary Prices: Order books lack depth, and liquidity is incredibly thin. Trying to sell right away can cause severe slippage, crashing the price before your order even executes.

4. Unstable Network InfrastructureImmediately after a fork, the new blockchain network is highly vulnerable. It usually commands only a small fraction of the original mining hash power, making it incredibly easy for attackers to execute a 51% attack to reorganize the blockchain, double-spend, or invalidate your transactions.Waiting for the network to stabilize allows the community to verify the code, ensure replay protection is functioning, and give exchanges time to build safe, native support.
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Cykros · 1d
I mean, point two sounds like using a custodial wallet instead of spinning up your own node. Yes, always a bad idea. I'd say usually sending your real bitcoin to your own address with an illegal transaction, and your forked bitcoin to your own new different address is the way to do this safely. Usi...
Vezire · 2d
hahahah lol
Jordan 🫪 · 2d
I’m not sure, if anyone has said otherwise but it does look like the age is starting to get to her but I still find her attractive in all honesty.
Vlad, Bitcoin Takeover Podcast · 2d
You say this because you tried them all or because you have been programmed to dismiss?
captjack 🏴‍☠️✨💜 · 2d
exactly any protocol or payment system or app - that hurts his jewish family doner friends need to be demonized