The dream was always to eliminate the middleman from the system (banks included). Why do you think Satoshi created Bitcoin in the first place? Unfortunately, people haven't moved away from centralizing powers out of convenience. It's much easier to entrust someone else with your funds (banks, exchanges, etc) than doing it yourself (self-custody). This is why the odds of central banks collapsing are very slim. Even if the economy is in a very bad shape. They can manipulate it by either printing more money (inflation) or raising interest rates to protect the value of Fiat currencies.

What will happen is the extinction of paper money via the introduction of CBDCs (government-issued digital currencies). This means more power/control over people's financial lives. As long as governments exist, don't expect central banking to go away anytime soon. I'm yet to see if Javier Milei's promises to abolish Argentina's central bank will materialize. I'm certain the legislative chamber won't allow it. Expect crypto to live alongside Fiat currencies for generations.

Personally, I'd hold some BTC in cold storage way beyond the next halving of 2028. That's for my descendants to enjoy. But I understand that most people will be tempted to sell before the halving just to reap in profits.

With how bad the global economy is faring, holdlers will have no choice but to sell BTC for Fiat to pay off their bills. I'm pretty sure market prices will be a lot higher by 2028, than what they are right now. Maybe BTC will finally reach $100k? Who knows? Just keep buying, and "hodling", and forget about the rest.

What's next? Nothing. The hype will start to decline slowly, until the market becomes "bearish" again. I'm certain BTC will reach an ever higher market price after the fifth halving. It's likely BTC will continue to improve until it becomes scalable enough to handle the masses. We've already seen innovation such as Taproot and Ordinals take the crypto world by storm. All of this happened before the 4th halving took place a few days ago. Imagine what other innovations will take place when the 5th halving comes. We should expect MAST, Lamport signatures, etc to become a reality soon. Also, it's expected mainstream adoption for the Lightning Network to increase in the following years (although the network is still buggy). Especially with Coinbase making a partnership with a LN-based startup.

With BTC being promoted as the "best performing asset on Earth", you can expect more people to join the revolution. We're still early considering that there are a few more halvings left before all BTC are mined (which will happen by 2100). The question is: Will you keep buying and "hodling" BTC? Or will you sell it to greedy companies and institutions?

Of course it won't continue. Otherwise, people will stop using Bitcoin for good. That's why the fee mechanism was invented. To help protect the Blockchain against spam attacks. I'd imagine chains with bigger block sizes (BCH and BSV) getting abused because of their higher transaction capacity. Even Solana's ultra-low fees paves the way for transaction spamming. Eventually, the attacker is going to run out of money as fees continue to rise like there's no tomorrow. When fees decline, it will be the perfect time to send money across the BTC blockchain. Or you can take the opportunity to open/close a channel on the LN at a lower cost.

I'm not surprised about fees surging towards the "triple digits", since that's usually the norm with every halving event. The past halving caused fees to rise all the way to the moon (although not as high as they are right now). I'd hope Ordinals moves away to a sidechain just to leave the main BTC blockchain for financial-only applications (sending/receiving money). Maybe Bitcoin Core devs will come up with a solution soon?

Oh yeah. Forgot about that. If I can't find a safe way to buy foreign currencies without KYC, I'll have no choice but to do as you've told me. It would be an option of a last resort, though. I don't think selling BTC for foreign currencies would be considered "illegal", but I'll ask my laywer just to be safe.

Another option I've been exploring is Forex trading with BTC. But that's more in the investing side than anything else (like using foreign currencies as real money in a foreign country). Perhaps, it will be much easier to get access to foreign currencies once the world switches to CBDCs. Our society advances quickly, so who knows?

Not all of them. Magi has a unique PoW algorithm (M7M) where it punishes big miners, instead of the "little guy". The higher the hashrate, the lower the block reward will be. This makes it easier for anyone to mine XMG on mobile devices. The only downside is that the number of exchanges are low (as well as market price).

It's this reason why we shouldn't expect to make profit mining on the go. It would only be for fun. Maybe someday developers will make a similar cryptocurrency that will gather the attention of mainstream traders and investors alike?



That sucks. At least, the idea of mobile mining is there. Making it a success, is another story. If implemented right, we could have a new wave of cryptocurrencies that are much more decentralized than BTC itself. After all, there are more mobile devices in the world than PCs (if I'm not mistaken). Anyone with a phone or tablet can support the Blockchain via mobile-friendly PoW mining. Electroneum wanted to do something like this but it failed. Who knows what would be of ORE in the future?

Investors aren't interested in old coins these days (with the exception of Bitcoin). They want something new and fresh that would allow them to make massive returns in the quickest time possible. You can see why "meme" coins and NFTs are extremely-popular these days. Old coins with unique PoW algorithms like Primecoin and Magi will remain a niche to the general public. Only a few of them (mostly crypto/tech enthusiasts) will actively-support these projects. With some coins being abandoned in development, don't expect to make a buck investing in them anytime soon.

I would've loved to see a Primecoin alternative that would help advance the discovery of Cunningham chains. Something like a PoW token living in either the Solana or ETH blockchain. That would be cool. Hopefully, a developer (or group of developers) will become interested in Primecoin someday. At least, the XPM blockchain still lives. Too bad it's only listed on one exchange.

I guess these tokens belong to decentralized casinos, right? I think there's a higher chance of making profits in a centralized casino than a decentralized one. After all, centralized casinos are the ones dominating the gambling industry. Our options of investing into a casino's bankroll are limited. The only ones I could find are Bustadice, Bustabit, and Bitvest. They aren't as big as the one under my sig, but it's better something than nothing.

With BTC constantly going up in price, we should be able to obtain massive returns in our bankroll investment over the long term. The high network fees is a dealbreaker, though. Especially when you want to deposit/withdraw in/out of the casino. Crypto.Games accepts altcoins, unlike the sites mentioned previously. But it stopped accepting bankroll investments for some reason. Maybe someday they'll change their mind?

Volatility is only a problem when the world still uses Fiat as a unit of account. But once goods and/or services gets valued in BTC terms, this should no longer be a problem. 1 BTC = 1 BTC, right? Bitcoin can already scale to millions of users worldwide via the help of sidechains and L2 networks. It's just that most people don't know yet how to use these solutions to save time and money. Developers must improve UX (user experience) if they want to get people on-board off-chain scaling solutions and sidechains.

Without central banks in the way, the world's economy would be decentralized. Not to mention, inflation will be a thing of the past. "Fix the money, fix the world". But the odds of this happening are slim, especially when central banks have a lot of power invested in them. If things keep going south, they could "reset" the economy to remedy the situation. At least, temporarily. As long as governments exist, don't expect Fiat currencies to disappear anytime soon.

Got it! Thanks again!

Even if intentions are good, that doesn't mean someone won't use it for bad things. Decentralization is a double-edged sword. Unlike centralized marketplaces, you can't enforce regulatory action on decentralized alternatives. I guess that's why the general public is afraid of going all in decentralized marketplaces. It's more convenient and safer to use a centralized marketplace (eBay, Amazon) that's regulatory-compliant.

Expect decentralized alternatives to remain a niche for as long as they live. At least we have a choice. Who knows what surprises we'll find in the future?

Of course. Ripple will bring its own stablecoin to try to compete against Tether/USDT. But it won't succeed, especially when the latter has first-mover advantage. Tether will remain the "King of Stablecoins" until it goes all the way down the drain in an instant. We can't say it's "sound money" when it's backed by a private company. Without investor protections or guarantees of any kind, you're on your own.

At least, we have plenty of alternatives to choose from. As long as you refrain yourself from putting all of your life savings into stablecoins, there should be nothing to worry about. Who knows how regulations will shape the stablecoins industry in the future?

Yes. Spot ETF approvals are starting to reach the world. It won't be long before most countries go all in Bitcoin. This will create a supply shock, effectively rising market prices over the long term. A win-win for both retail and institutional investors.

I hope these moves don't compromise Bitcoin's decentralization in the long run. I understand network consensus is completely independent from economic holders, but concentration of supply among a few brings inequality into the system. Imagine what influence corporate giants will have over BTC miners with their large holdings. I'm just speculating here. We can't predict the future, so lets hope for the best.

Of course not. Nowadays, there are many "shitcoins" that are straight clones from the other. Particularly "meme" coins. Developers shifted their focus from quality into quantity. I'd say Primecoin is a kind-of-a-kind PoW cryptocurrency that made its mark in the crypto industry. The code is open source, so what's stopping someone from improving it or making a new project from scratch?

It's a pity that a good project like Primecoin was left behind in the dust. Peercoin was made by the same creator but it's still actively maintained by the community. I guess there's not much interest in PoW coins these days. Hopeefully, there are other alternatives meant to keep the idea of prime number mining alive. Who knows what surprises we'll find in the future?

Yes. Investors did make a lot back then when crypto gambling sites allowed bankroll investments. The one under my sig was the most profitable. Unfortunately, it no longer provides us the option to invest in its bankroll. I believe the main reason why most gambling sites stopped doing this was because of strict government regulations. They're afraid to get "flagged" by the government once they allow bankroll investments without KYC.

I dunno. I guess we'd have to find other options to grow our BTC. I've read Freebitco.in is giving around 4% APR for Bitcoin deposits. It's not a gambling site, though.



Me too. I often saw the opportunity to invest directly into Crypto Games' bankroll, but was hesistant to do so out of fear from getting scammed. I was just getting started in the world of crypto and didn't know much back then. As a result of getting ripped off from cloud mining programs, I was skeptical about investing in a crypto casino's bankroll. Totally regret not doing the right thing in the first place.

Nowadays, it's hard find a gambling site which allows us to invest into its bankroll. I feel obliged to look for other options.

In the timebeing. But a collapse is inevitable. Especially when nothing lasts forever. We're already witnessing the decline of America with politicians' actions. The "de-dollarization" of the world's economy is a process that will take quite some time before it materializes (slow and steady pace).

I believe rising US national debt, and the funding of wars will lead America towards its complete demise. Trillions of dollars (USD) have been wasted ever since the COVID-19 pandemic took the world by storm. Who's to say China and/or Russia will establish a "New World Order" in the future? I'd bet the new reserve currency will be one of their own. It'll be a "miracle" if BTC becomes the world's next reserve currency. We can't predict the future, so lets hope for the best.

I would've wished the Solana dev team focused on reliability more than anything else. The network often experiences congestion, and at times, outages. What's "pumping" SOL's market price is none other than the "meme" coins craze. That, and also the recent sale of the Saga smartphone. The upcoming Firedancer node software release promises to fix network outages once and for all, though.

We'll see whenever Solana will be able to truly live up to its name or not. So far, nothing can beat the "King of Altcoins" (which is ETH). Even though Ethereum is slow and expensive at times, you can always switch to a L2 network (Arbitrum, Polygon, Base, Optimism) for complete peace of mind. No outages or network disruptions of any kind. Even BTC has been running without issues since day one. Who knows what will be the future of Solana?

Abolishing and "shutting down" aren't the same thing? Without central banks, the economy can't be manipulated by corrupt politicians. Separating money from the State is the first step towards "fixing the world". We the people, have given too much power to the government and central banks. So they will continue to do as they please, even if the economy continues to sink all the way down the drain. You can see why governments in the past (particularly the US government) have bailed out banks in times of financial crisis.

Bitcoin was created as a response against banks' and governments' mishandling of the economy. No central authority means greater fairness and financial inclusion. I know BTC has failed to replace banks so far, but that does't mean it's the "end of the world". If by any chance central banks collapse, you can bet the world will abandon the Fiat Standard and move all the way to the Bitcoin Standard. Prices of goods and/or services will be denominated in BTC instead of Fiat. Wouldn't it be great to live in a society where people have control over their own money? Not governments or corrupt banks. Nothing is set in stone, so anything's possible.

I think P2P or F2F is better. Especially if I want to avoid KYC and whatnot. I live in a Western country, so crypto laws are much more flexible than places like China or Russia. I don't think it would be illegal to exchange BTC to a foreign currency in my home country. Laws are constanly changing, so who knows what would be of foreign crypto exchanges in the future?

I've wondered if people sell their foreign currencies for BTC, wouldn't that classify them as a "money transmitter"? Doing such a thing without a money transmitter license could be considered illegal. I dunno. Perhaps, it's best to sell BTC into your local currency, then exchange your local currency at a bank for a foreign currency. The only problem is the fees. But at least, you'll get the job done in a legitimate manner.

It could be nothing more than a scam. But at least, the idea is there. I've read about a PoW algorithm which promised to make mining more efficient on low-powered devices. I believe it was the Cuckoo Cycle algorithm used by aeternity. Haven't heard about the project ever since "meme" coins and NFTs took the crypto world by storm. Magi (XMG), Pi.Network, and ORE are the only ones good enough to mine on a phone. The first one got abandoned by the original dev, but it's starting to gain traction as the community takes over the project.

I'm yet to see if the new ORE token is worth mining on a phone. Been sluggish enough to give it a try. Wanted to know someone's else's experience before going all in. Who's to say you can't have fun mining on the go?