I like to invest in new and upcoming projects at discounted prices before they release on the public market. How do I buy in these private sale rounds at cheap prices?
There are plenty of projects that offers private sale and there are some pool group you can join with. But I will let you discover those famous pooling one that let you joined private sale deal at a lower price. Which is the most reputable best smart contract platform that has its own launchpad that introduces new upcoming projects? Which smart contract platform launchpad verifies and audits all upcoming/new projects and its code to check whether the project is a shit/scam coin?
Some of the famous one aside from mk4 list are polkastarter, poolz, redkite, apollo x, truspad, bscpad, paid network, cyberfi, duckdao, gamestarter, moonstarter, and many more. But for me coinlist is the best researcher for top projects. Curious to know what's a pool group? When you say pool the 1st thing that comes to my mind is mining pool. Which is the best pool group out there? So retail investors can only get access exposure to upcoming new projects via pool groups only?
I like to invest in new and upcoming projects at discounted prices before they release on the public market. How do I buy in these private sale rounds at cheap prices?
As far as I know, private sales are usually for ventures. It's not easy for individuals to win a private sale slot. You either need to join a well known ventures or follow the projects really close and fight with other thousand people to get a slot for individual investors. Which is the most reputable best smart contract platform that has its own launchpad that introduces new upcoming projects? Which smart contract platform launchpad verifies and audits all upcoming/new projects and its code to check whether the project is a shit/scam coin?
There are a lot of launchpad platform, many of them are not guaranteed. You should stick with exchange's launchpads to avoid being scammed: Binance Launchpad, Huobi Prime or OK Jumpstart (of OKEx). After being sold, tokens are listed on selling exchange as a guarantee of profit. So far the most reputable launchpad platform is Coinlist. They have a good procedure of evaluating projects and good relationship with big ventures. Most of their projects are listed on huge exchanges after sold with high ROIs. Ventures are professional investors or angel investors right that already have a portfolio of over at least $1 million? How does a retail investor like me fight with ventures to get a slot? Is it like a auction? What good ventures you know of?
Okay I just completed KYC on coinlist and can see 2 upcoming token project sales. What does this mean?: 3-mo linear release starting on / around Oct 20, 2021There's a cheaper round 2 sale but a 6-mo linear release. [moderator's note: consecutive posts merged] |
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Hi new to Launchpads. I like to invest in new and upcoming projects at discounted prices before they release on the public market. How do I buy in these private sale rounds at cheap prices? Which is the most reputable best smart contract platform that has its own launchpad that introduces new upcoming projects? Which smart contract platform launchpad verifies and audits all upcoming/new projects and its code to check whether the project is a shit/scam coin? Otherwise when looking for upcoming new projects on these launchpads how do you filter out the shit/scam coins and instead invest in the good ones? Which launchpads you guys use to get in early?  |
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OP, tell me something..... You are saying that there are a few quantum computers in existence today... So tell us, how many of these quantum computers have successfully acquired even 1 Private Key? This would have been blasted on all news media platforms ..if that was true.... but it is not true. It is not as if it is not productive to do this, because 1 000 000 of Satoshi's coins are still out there... so if they can do this, then they can cash in on a major treasure. Even if they are successful ..some time in the future, then developers will fork to a new coin with stronger encryption and people will just shift their coins or use the new forked coins. (Full nodes will just be too happy to allow this, because it will protect their coins)  Those quantum corporations are owned by the big tech giants such as google, Microsoft and such. If they do decide to attack bitcoin then the bitcoin community will know who to blame and the reputation of these tech giants will fall as they engaged in illegal hacking crimes.
Normal legacy physics and maths and computing is based on certainty, logic, truth equation, predictable patterns and such. For example speed of light is a constant 299,792.458 km per second. This value never changes always the same as its like its has been programmed to be from the start and never goes below or higher than it. Its certainty. Light can be measured in waves and frequencies and these are predictable repeatable patterns. Quantum is the weird opposite stuff as its uncertainty, unpredictable, the impossible. Like a light switch being on and off at the same time yet the light is on and off at the same time. Sounds impossible I know but Quantum is making impossible seem the possible. 500 years ago if anyone has said the world is round then you would have been called crazy mad lol. If Quantum can do the impossible then getting private keys is a walk in the park for quantum. Quantum is just not a threat for Bitcoin its a threat to Central Banks upcoming CBDC's too. I wonder how governments & central banks are preparing against quantum computers that are a threat to their CBDC's? I believe not far in the distant future Quantum computers will recover the lost bitcoins in the dead btc wallets. [moderator's note: consecutive posts merged] |
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But then again if this happens then it will stop demand and crash the btc price right  Yes. People will start panicking, but again depends on whether they're willing to spend a few millions or even billions to recover a few million bucks worth of it. All that said above you guys sure Quantum Computers cant decrypt Bitcoin  ? Look, there is nothing to decrypt in Bitcoin. Nothing on Bitcoin is encrypted, or at least by design. It is possible to store encrypted strings on it but that is not the question here. Quantum computers will eventually crack ECDSA or asymmetric cryptography, which basically means all the cryptography that we're using for security online. Which also means thousands of terabytes of sensitive data that the governments would love to get... Don't you think it is far more worth it to get those than to get a couple of Bitcoins? Point is, quantum computers will be very expensive to use and potentially fairly unstable at the earlier stages. We're still decades away. But by then, we would've introduced alternative schemes and adopt them to largely mitigate the threat of it, at least. Pre-emptive measures are always possible. The last bitcoins wont be mined till 2140. Satoshi is a mathematician more than a computer scientist and when he did the bitcoin whitepaper he probably didn't know or heard of what quantum computers are at the time. I can assure you Quantum Computers will be mainstream way before that. Cryptography is Encryption hence the word 'Cryptography'. Even the whatsapp app claims to be cryptography as it encrypts message between sender and receiver. Cryptography means hiding the message between sender & receiver. The only way to hide it now is Encryption so hackers cant see your messages. The only prevention safe measure that i can see of bitcoin in the the future is the Bitcoin 'Quant' Hard Fork or Layer 2 Solution. Renaming Bitcoin to Bitqoin with a q yeah I know sounds crazy. Hackers might just attack bitcoin with quantum computers not for money but for fun. Just imagine a teenage hacker having a quantum computer in his bedroom right now. Hes the only hacker with a quantum computer in the world. He can turn the world upside down and cause so much chaos worldwide as 90% of the world is run on computers now so yeah its not just bitcoin quantum hackers will go after. |
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On the contrary, around 2030, Hackers or Governments using Quantum Computers will not harm Bitcoin but do good that is recover all the lost millions of Bitcoins in dead dormant btc addresses that have been gathering dust never recovered. If that could happen then that would be a good thing right as it will satisfy the btc demand at that time. But then again if this happens then it will stop demand and crash the btc price right Bitcoin is Bit Binary 1's and 0's digital based on the traditional Moores's Law harwdware that is nearly maxing out now so eventually the world will change over to Quantum Computing that is not digital. From the start of this Quantum tech new area we will see the most advancement in human history so much that all the latest digital tech we see today will be laughable by future generations in lets say 50 years time. Travelling at the speed of light or even time travel is possible under Quantum technology & its advancement I bet alien civilisations in the universe are already using Quantum computers systems. I wonder how Will Smith & Jeff Goldblum manage to upload a old fashioned binary digital virus onto the quantum alien computer systems on the alien mothership in the film independence day  Okay jokes aside Quantum Mechanics, Quantum Physics and Quantum Computing is just weird stuff. Quantum physics goes against everything you learnt in normal physics. Quantum Computers will be used to figure out what's going in black holes in the universe that scientists to this day still cant figure out with binary supercomputers they have today so the best answer they come up with now is several theories that can be any one of them Quantum era will eliminate all the scientific theories we have been taught in school and establish more scientific facts. All that said above you guys sure Quantum Computers cant decrypt Bitcoin ? |
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There's a couple of interesting white papers to read: https://arqit-res.cloudinary.com/image/upload/v1627024109/Assessment_of_Quantum_Threat_To_Bitcoin_and_Derives_Cyrptocurrencies_nrp6iq.pdfhttps://arqit-res.cloudinary.com/image/upload/v1627369111/Digital_assets_The_security_problem__yya4bn.pdfSo Quantum Computers will be available to buy in the shops in lets say 10 years time from now and 5 years from now the first commercial business grade quantum computers will be available for sale for businesses. Quantum computers can get anyone's private keys in fraction of a second.The few quantum computers in the world today owned by the Big tech giants such as google, Microsoft, even china has one is used to harvest all that data from billions of people to a single point Ai. These quantum computers are massive, require a lot of cooling and are power hungry that require nuclear reactors to run them. But these are the 1st generation quantum computers. Eventually these quantum computers will get smaller, more efficient to run off the electricity in your home and everyone will have quantum computer in their bedrooms when they hit the shelves in shops or on Amazon online in 10 years time but at a crazy price tag so not everyone can afford one in 10 years time but they will get cheaper and become mainstream especially with gamers for obvious reasons. Playing fortnite at crazy 16k resolution at million frames per second. So how can Bitcoin survive in this technological quantum era? The B in Bitcoin stands for Bits. Quantum computing is Qubits meaning it can be a binary 1 or 0 at the same time similarly like a light switch being on or off at the same time that sounds crazy and impossible. Will there be Qitcoin or somewhat? |
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The Head of the SEC Gary said the upcoming crypto regulation is on Unregistered securities which is illegal. When looking for altcoins on CoinMarketCap, how do we know which Alts raised money through ICO's? So any Altcoin that raised money/capital from the beginning to fund its project is a Unregistered Security? Are all POS coins come under Securities because POS coins can be sold straight away to raise money for the Alt project at the beginning because no waiting/mining is required on POS coins right? Which ERC-20 coins or POS coins/projects did not need raised money from its beginning from investors? So only POW coins like Bitcoin are exempt from this new regulation? But POW coins might face new energy wastage global warming regulation When Gary says protections for Investors in crypto does he mean FDIC or SPIC Insurance protection? If so how this is implemented in crypto like it already is in Traditional Banks? So all upcoming regulations and protections from the SEC only applies to USA based crypto alt projects & USA based crypto exchanges? If not then how can SEC regulate alts and exchanges outside of the USA because it is out of their jurisdiction correct? For example can the SEC have the jurisdiction & Power to shut down Chines Binance? Lastly which altcoins are legal and registered as Securities with the SEC filings? Finally the XRP Ripple Case, what is Ripple XRP main defence against the unregistered security allegation against them? If these upcoming regulations come into law soon before Ripple case is finished then Ripple will lose right? |
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So how's it going to work with Amazon accepting Bitcoin payments now Bitcoin is volatile, like its gone up $10k from last week then how is bitcoin is suited for amazon payments? Or is this Jeff Bezos plan to expose himself to Bitcoins instead of buying them through OTC hence he doesn't care whether BTC is volatile? Amazon gonna bring their own Stablecoin called Amazing or Amaze coin ticker AMZ I think from the leaks. Then you got 'amaze pay' infrastructure on top of that. If Jeff Bezos doesn't like bitcoin volatility then he can abandoned Bitcoin like Elon Musk did and crash the whole crypto bull party later this year. |
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- At what Market cap Bitcoin must be to become less volatile and more stable similar to the Swiss Franc currency CHF so bitcoin owners can start spending their Sats on everyday groceries and a morning commute coffee drink? - When will Bitcoin become easy to use like a credit card, like swipe/contactless directly without using 3rd parties to facilitate this? I know there's bitcoin credit cards but they still using 3rd party Visa or Mastercard facility for this which is centralized not decentralized. What's the point of using decentralized bitcoin to pay for stuff when we still need to rely on middle man centralized visa or mastercard who can freeze your card anytime they feel like it. Bitcoin is suppose to be independent and decentralized. Imagine buying a lambo on a bitcoin credit card and realise at the checkout till desk visa or mastercard has declined your payment - Really Cheap or Free BTC transaction fees. Bitcoin can become world reserve currency status overtaking $US Dollar if just the 3 above is accomplished and reached. If Bitcoin wants to be a Asset instead like Gold Store of Value then above 3 doesn't matter and yeah world reserve currency status doesn't matter too. Elon says Bitcoin Mining can be used as a heater to heat up non residential rooms instead of using a normal conventional boiler/heater so it doesn't look like energy wastage. For example similar to using your bath water to water the plants in your garden or use the bath water to wash your car so no water wastage or not turning on the lights and staying in the dark to save energy. So what about bitcoin mining in hot countries in relation to Elon discussion on btc mining heating Is it possible to put up bitcoin mining rig on each of his star link satellites that can get solar energy directly from the sun so it looks greener? Why is it that only Bitcoin is picked on by governments and mainstream media blaming it as the climate destroyer of our planet when there's 1000s of industries out there especially the crude oil industry that does million times worse damage and banks that have brick and mortar branches that waste energy because most banking customers do online banking anyway I bet Tesla operations does more harm to the planet than Bitcoin. How can a bunch GPU's kill our planet and they not even overclocked also lol? I can get a solar powered calculator and run useless math equations on it in the whole daytime outside before it gets dark which is waste of my time and waste of suns energy but as long its not killing the planet then who cares and why governments and mainstream media cares about bitcoin mining that is already 75% renewable anyway? So has the Bitcoin Community decided whether Bitcoin will be a 'Currency' or 'Asset' and from there Bitcoin can move on and leave these stupid arguments behindI know original Satoshi Nakamoto whitepaper mentions Currency but back in 2008/2009 it was suitable for currency then because back then fees were dirt cheap or free due to Btc being new back then with less volume and easier mining. |
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Hi back here.
Which multi crypto wallet supports the most non ERC-20 Altcoins? Is it Atomic Wallet or Coinomi? Which has Open Source Code?
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No. Inflation can even happen without anyone else noticing it too much. In fact, I truly believe we are in that stage right now.. where everything gets more expensive every month but not so expensive it becomes obvious. It's much more of a subtle change that affects overall a lot of people already.
Yeah, sometimes this banknote thing happens.. But not all the time. Hyperinflation can happen at a pace so fast even money printers would not be able to keep up with it. Don't wait for new banknotes to come up in order to notice the bad economical events happening. When they start printing them, it's already gonna be too late.
I remember 20 years ago a can coke was like 30-50 cents. Now its over $1 each. When you say without anyone noticing too much of inflation then that means prices has increased very slowly over time so people didn't notice it like that can of coke example I gave above. This is called slow inflation meaning the fed are meeting its annual 2-3% inflation target correct? If for example a can of coke went up to $10 each overnight from tomorrow then people will notice inflation straight away right? So if the fed are meeting its annual inflation target like they have been for decades then what's up with all these inflation hedge services? Is there a need for a inflation hedge when inflation is slow and gradual over decades?
High denominated notes are printed after inflation takes affect. I don’t think govt print high denominated notes and after that inflation happens. When people have more money (less value of course), they need high denominated notes for easier carrying. Zimbabwe didn’t have that trillion dollar note before inflation, it was printed after the inflation happens in unusual way.
That's true. It is foolish to blame the banknotes for inflation. If that was the case, then Switzerland should be having one of the highest inflation rates in the world. Ever heard of the CHF 1000 banknotes (equivalent to $1090)? But Switzerland has a near-zero inflation. Their currency is one of the strongest in the world and the exporters there recently had to request the government to devalue the Swiss Franc. Similarly, both Singapore and Brunei have $10,000 banknotes and yet have some of the lowest inflation rates in the world. But how many of those high denominated banknotes are in circulation in those societies there and are they rare? In the UK the highest denominated note is £50 but its rare to see this banknote. Even retail banks in UK stock less of this high note due to security reasons. In Zimbabwe you see everyone carrying $100 Trillion Zimbabwe dollar notes.
I noticed that every country that experienced high/hyper inflation, the central bank in that country has to print a very high denominated fiat note/bill.
For example in Zimbabwe I see kids carrying notes in their pockets displaying on them $10 Trillion Zimbabwe dollars. These poor starving kids are trillionaires much richer than the richest billionaires like Elon Musk and Bill Gates on the planet on a monetary unit scale.
In the US the highest denominated note bill now is $100.
So the question is as long the highest denominated bill still remains $100 then there wont be any high/hyper inflation worries in the future?
I understand if the Federal Reserve printed a $1000 bill/note then that would be concerning right?
The Fed can print trillions and still print trillions but as long the fed keeps the highest denominated note bill to $100 they they can manipulate inflation in their control correct and keep their $US Dollar still in power?
Bitcoin is a hedge against inflation but if there's no inflation or there is inflation but manipulated to look like there's no inflation then what that will mean for bitcoin?
You have to understand that there many causes for inflation. For instance, it can occur when services or products increase price due to the high costs of production in which the culprits are raw materials being scarce and manpower. And thus makes people willing to pay higher prices for the same products and services. The printing you have mentioned isn't really the cause but instead, one of the results of inflation. And like others mentioned, Zimbabwe is experiencing a severe case of inflation leading to such means. It's effects on bitcoin may rather be good though since this just means more inflow of investments due to fear of heavy inflation. Trees are not scarce and is a raw material. Trees can be replanted for more trees yet lumber prices were at all time highs weeks back. Is it because of inflation? Production nowadays is suppose to be cheaper compared to decades ago because technology and Ai and automation nowadays makes production more efficient, Automation requires less manpower so should be cheaper right so prices rising due to inflation not because of production costs?
It may seem very scary looking at it nowadays but in reality, the economical state of the USA isn't that bad yet to be comparing it to Zimbabwe. And even if there already is inflation that is a bit high than what the people on top wants to show, I doubt that it'll get so worse that it'll bring the US to its knees. These people on top won't let that happen since as this happens, the US will lose influence over a lot of things and so will they. Now about its possible effects on bitcoin, your guesses are just as good as mine. Speculaing is the only thing we can do about that and hope our worse fears don't ever happen.
The US can lose its world reserve currency status when scary inflation happens however you said the people at the top wont let it happened. So this means they are manipulating inflation data to make it look like there's no high inflation? If they can get away with it by keep doing this manipulation then how can Bitcoin a inflation hedge compete with this high level manipulation?
I noticed that every country that experienced high/hyper inflation, the central bank in that country has to print a very high denominated fiat note/bill.
...
In the US the highest denominated note bill now is $100.
So the question is as long the highest denominated bill still remains $100 then there wont be any high/hyper inflation worries in the future?
You have it backwards. Large denomination bills are the result of inflation. If prices increase by 10x, then people will want $1000 bills for what they previously used $100 bills for and smaller denominations become useless. So the government must print higher denomination bills. Also, note that about 10% of the money in the U.S. exists as coins and bills. The rest of the money exists in bank ledgers. In high/hyper inflation countries there's no metal coins there for change after buying something because every price there is highly inflated price anyway that is paid for in notes only and you get change back in notes only not in coins? So the true benchmark test to see whether a country has high/hyper inflation is walk into a candy store there and buy a penny sweet with a $1 and you get 99cents back in change and if you do get change back in metal coins then that means there's no inflation worries in that country?
I noticed that every country that experienced high/hyper inflation, the central bank in that country has to print a very high denominated fiat note/bill.
...
In the US the highest denominated note bill now is $100.
So the question is as long the highest denominated bill still remains $100 then there wont be any high/hyper inflation worries in the future?
You have it backwards. Large denomination bills are the result of inflation. If prices increase by 10x, then people will want $1000 bills for what they previously used $100 bills for and smaller denominations become useless. So the government must print higher denomination bills. Also, note that about 10% of the money in the U.S. exists as coins and bills. The rest of the money exists in bank ledgers. If central banks takes the cashless society CBDC notes then paper money notes bills wont exist anymore, this means 100% of the money supply will be on ledgers/derivatives correct? If CBDC's can be on their centralized digital blockchain ledgers then can inflation still be possible on this new money system where centralized entities can easily manipulate the data on the centralized blockchain or delete entries from that blockchain or easily reset that centralized blockchain to start fresh again after a financial crash? Similar to like a factory reset of a phone after a system malfunction or crash but lose all data. Otherwise can data on a centralized blockchain be backed up but then again the backed up data can be edited/manipulated easily. [moderator's note: consecutive posts merged] |
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All non-backed fiat currencies will eventually experience some level of hyperinflation because the incentives to keep printing are just too high. Imagine having the ability to create money out of thin air with minimal restriction, oversight and effort. Wouldn't you keep printing? Especially when faced with economic distress as seen with the covid19. In other words we will see bigger bank notes in the near future.
So you reckon we will see a $500 to a $1000 dollar note soon not far off in the future? But $500 or $1000 notes/bills or even a $1000000 note is nothing compared to $100 Trillion Zimbabwe dollar note. Theres a thousand billions in 1 trillion, theres a thousand millions in 1 billion so even a printed $1m US dollar note bill is nothing compared to Zimbabwe currency. The US $ went off the gold standard in the 70s and the $100 US note bill came into existence over 100 years ago from 1914. If the $100 US note bill can still remain leader and king for over 100 years and still remains the highest denominated bill note for to this day then where is the high inflation |
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I noticed that every country that experienced high/hyper inflation, the central bank in that country has to print a very high denominated fiat note/bill.
For example in Zimbabwe I see kids carrying notes in their pockets displaying on them $10 Trillion Zimbabwe dollars. These poor starving kids are trillionaires much richer than the richest billionaires like Elon Musk and Bill Gates on the planet on a monetary unit scale.
In the US the highest denominated note bill now is $100.
So the question is as long the highest denominated bill still remains $100 then there wont be any high/hyper inflation worries in the future?
I understand if the Federal Reserve printed a $1000 bill/note then that would be concerning right?
The Fed can print trillions and still print trillions but as long the fed keeps the highest denominated note bill to $100 they they can manipulate inflation in their control correct and keep their $US Dollar still in power?
Bitcoin is a hedge against inflation but if there's no inflation or there is inflation but manipulated to look like there's no inflation then what that will mean for bitcoin?
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China is a clever country not dumb. So I don't believe they will shoot themselves in the foot by erasing all association with bitcoin from their country.
For many years now when there is bitcoin, how does it mean that China has become stronger economically??? How longing and strong do they become? They think that they will continue to bully the world's finance and economy in 2021 like the conspiracy they made like on the occasion of the 2018 Lunar New Year, then they have drawn their own weaknesses and this will be a mistake. And so I think China will realize it soon when bitcoin goes to over $100k. Although, it doesn't seem to have any links. But it has many traces that I believe it is. The true test Benchmark of Bitcoin is El Salvador. El Salvador is a poor country with their currency experiencing hyper inflation so they had to rely on the $US dollar meaning the country has given up its sovereignty and hope to the US who now owns El Salvador. Most people in El Salvador don't have a bank account. Bitcoin claims that it set frees poor nations in shackles from their richer country masters. So in 5-10 years after recently El Salvador passed a law making Bitcoin legal tender, then shall we see El Salvador becoming wealthy and looking like Switzerland within the next decade because Bitcoin has freed them from financial dependency to Financial independency. Only time will tell yeah? If Bitcoin passes this test that we have to wait a decade to see results then other poor countries will go into Bitcoin and embrace it. China is already a wealthy country and a clever country also so they must have bitcoins in their treasury reserves otherwise are they just relying on the tons of gold they have as insurance against the next financial global disaster? |
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China is a clever country not dumb. So I don't believe they will shoot themselves in the foot by erasing all association with bitcoin from their country. I believe China govt. or the Chinese central bank has 100,000s of bitcoins in their treasury reserves secretly stashed away. They realised Elon Musk energy FUD tweet can affect bitcoin prices so they don't like that so they playing ball by kicking out all these so called dirty killing the planet btc chinese miners forcing them to go other countries to use renewable energy then when btc reaches 50% renewable energy like what Elon Musk has said then China will unban bitcoin again and invite btc miners back to their country later on this year I guess. Think about it this is good for Bitcoin as they are putting on a show trying to save bitcoin by showing that they kicking out the dirty killing the planet miners making the country look green so China can participate in green trade deals with other countries in the G7 summit then when bitcoin becomes green with 50% renewable energy like Elon mentioned above then everything will be back to normal with bitcoin. The Chinese Yuan CBDC can run parallel with bitcoin as Bitcoin is not designed to be a currency but as a store of wealth asset so the Chinese govt. know bitcoin is not a threat to their CBDC. Add to that Elon is a clever dude also. He wants bitcoin to succeed but he knows that their will be energy FUD against it in the future hindering btc price progress and Elon also knows China control much of the BTC hashrate that can also affect btc in the future as he tweeted on these 2 issues a month or 2 ago. Elon thinks bitcoin is not truly decentralized cause China controls most of the hastrate so his clever tweets got the Chinese government in action to make bitcoin proper decentralized and make bitcoin look green. Think about it if Elon didnt tweet this energy FUD then someone else would bring up this FUD later in the future and that can be the US government or Biden which is much worse so its best to deal with this energy and decentralization FUD out of the way 1st so Bitcoin can truly flourish. I dont believe all this FUD's are random events by chance, just look at the coordinated timing of all of this so no way these FUD's are coincidences  |
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What can we learn from the Iron Finance stable coin scam? Even Billionaire Mark Cuban fell for this. Is Iron Finance stable coin is a De-Fi decentralized coin like what Dai is? If so how come something labelled as decentralized turn out to be a scam as we though its only possible for all scams to come from centralized entities
Hi coming back here we like to know what if the SEC stance/regulations on stable coins in the upcoming weeks is negative, Can the SEC cause centralized stable coins like USDC to collapse because USDC is based in the USA where they are within USA jurisdiction law and must comply with SEC right? What about other centralized coins like USDT tether and Binance BUSD and more that are not based in the USA and located in china/asia/east? Can the possible upcoming SEC regulatory negative stance affect these stable coins too, can the SEC have the legal power to go after these that are not based in the USA? Finally what about decentralized stable coin Dai from MakerDao, if the SEC rules out and say MakerDao is a illegal unregistered security then will this collapse Dai to $0 even though its decentralized? The project team that created MakerDao, where are they based? [moderator's note: consecutive posts merged] |
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USDT is a centralized coin. I believe it can be trusted because usdt is long enough as a stable coin that can be trusted, I believe many people have transacted even tens of millions of dollars safely using USDT.
Just because something is running for years does not make it legit.
Look at Enron, founded in 1985 and they screwed everybody over 16 years later in 2001! |
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Now its going down a bit.
Alts seem to be rebounding
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Former NSA whistleblower Edward Snowden said that Bitcoin lacks privacy. He said without privacy bitcoin is useless and Privacy coins are better.
Privacy coins obviously better on terms on privacy. I think he's either exaggerating or think Bitcoin (without CoinJoin/mixer) is useless for high-profile person like him. So TapRoot makes Bitcoin more private? If so then why Edward saying Taproot makes privacy worse It would be great if you mention the source (could be his tweet) to get additional context. But i guess it's because Taproot introduce additional address type (bc1p / P2TR). Theres articles of Bitcoins being blacklisted because btc is non-fungible, for example bitcoins from the dark web silk road btc addresses have been blacklisted from exchanges and using mixers to clean/launder bitcoins become blacklisted too because exchanges know that they have been cleaned with a mixer. What's your take on this? |
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Okay coming back here with the recent China Ban Bitcoin again FUD from China. Is this a good thing now for Bitcoin Hash rate becoming decentralized now?
It is too soon to say the miners will actually migrate from China and the mining crack down is real. I see geographical decentralization for Bitcoin mining is good China has cheap electricity so which countries the chinese miners will move to that also has cheap electricity so the chinese miners can continue mining btc if China really goes ahead with this FUD?
If mining farms migrate to other nations and can not find cheap energy resources as same as in China, the mining cost for Bitcoin will rise. It in the long term, will contribute to higher price of Bitcoin. Net-effects of them, assumes that FUD is real, will be good in long term but on my view it is not the case, it is FUD. Despite of all FUD from China, hashrate increases and difficulty adjustments in history are mostly positive (see the chart of mine). But if electricity isnt cheap in other countries where the Chinese miners migrate to then this makes mining unprofitable right so chinese miners will ditch bitcoin mining right? If chinese miners ditch btc mining then wont this affect the security of the btc network? Which countries allow Chinese nationality citizens to migrate there without a visa?
OP, You are obsessed with China ..... and it is not a issue at all. Yes, ASIC chips that are used for mining are manufactured in China, but a lot of those chips are exported to other countries. There are massive mining farms in Iceland and other countries too, so all mining are not located in China. The Chinese government can seize all the mining equipment in China and it will not have an drastic impact on the security of Bitcoin. (Doing a 51% attack on Bitcoin is almost impossible now, because it requires a huge amount of hashing power ...and even if they succeed.. people will shift to other Pools to protect Bitcoin.) After their first double spend, developers will make some changes (possibly a hard fork) to spoil their attack (That was something Gavin Andreson said, when he was still lead developer of Bitcoin) ... or people will simply shift to another Alt coin or hard fork to another new coin. It will cost them an awful amount of money to sustain an attack like this, so I cannot see that this will continue for more than one day. How much does a Quantum Computer costs and how much energy a Quantum computer takes in relation to Bitcoin mining? When you say it will cost them a awful amount of money to sustain an attack then how much approximately in $millions will it take to do such an attack on Btc? [moderator's note: consecutive posts merged] |
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