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They can mine Bitcoin silently or publicly announce it to their citizens and the world. Bitcoin does not need government mining to be used because it has a very decentralized network globally. Bitcoin does not need legal tender to be transacted and used by the people.
I see the news in a way that it might help Bitcoin more easily to be approved and accepted by laws. It's a good support activity to bring Bitcoin to legal tender, at least in that city or state. Wider scale, from national to global, it takes time.
In the meantime, you can enjoy freedom with Bitcoin and its decentralized network.
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There is no anonymous Bitcoin. If you use a good Bitcoin mixer/ tumbler service like Chipmixer, you will have better transactions for your privacy and anonymity. Bitcoin transactions are not anonymous by default. It depends on how you mix and use your inputs, how to spend them in outputs, and how to you broadcast your transaction with Tor or no Tor connection.
It is same for tax. Because to buy Bitcoin, most of people will use fiat currency or they use fiat to buy stable coin as a middle currency to buy Bitcoin. So if they have to do KYC in first step to buy stablecoin, and later they take profit of their Bitcoin to stable coin. Governments will know it and it is just matter of time and how government will make tax call.
You can not hide yourself and your asset if you do bad things for your inputs into Bitcoin, stablecoin, etc.
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It is right to say Bitcoin mining is harmful for the environment. It is true to say the mining industry contributes to global warming. However, it is not true if anyone, any institution say that Bitcoin mining is the worst harmful contributor/ industry to global warming or any judgement coming closely to that extreme level. It is absolutely untrue.
Bitcoin mining uses power from both renewable resources and non-renewable resources and the proportion of renewable resources is better than other industry. Its total consumed energy is less than many industries, many nations so it is inaccurate to say it is the worst contributor for global warming or the most hazardous industry for global environment.
In future, the proportion of renewable power resources in Bitcoin mining industry will only increase, to higher number than about 60% now.
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The same can be said about stablecoins. Consider how Tether keeps creating new coins out of thin air on a constant basis. If the stablecoin had a finite supply, the issuer wouldn't be doing this in the first place. No scarcity means inflation, giving the power to the creator of the coin instead of the "hodler". What makes you think a CBDC will be any different? While CBDCs will have a limitless supply, they will be better than existing stablecoins simply because they'll have the government's endorsement. People will use CBDC more than stablecoins because of this. Who knows if stablecoins die after CBDCs are launched for public use? Just my opinion  I don't believe any of them: Bitcoin, altcoins, stable coins, CBDCs will die. There are dead altcoins, dead CBDCs but Bitcoin will be there, some altcoins will be there like Ethereum, Dogecoin, some CBDCs will be there. If any stable coin dies, it is because that stable coin is bad, terribly designed or too bad security. Its death will not be caused by any CBDC. it all depends on the technology that CBDC uses. if they use blockchain even though it is ultimately centralized, this might threaten stablecoins. but if it doesn't use blockchain, cbdc is not a threat to stablecoins. there's not even anything to be afraid of about it. because cdbc will expand on different sides. so it can be said that stablecoins and cdbc will coexist without impacting each other.
Do you really think and believe that governments, central banks will be able and are readily to build up something better than Bitcoin or blockchain technology for the benefit of citizens? If they build up something, their reasons should be their benefits from governments to tax they can get from their citizens. CBDCs short term can make hype on the market and create some panic among crypto enthusiasts but long term they don't have so much negative impacts. People will have multiple choices to choose for their transactions: Bitcoin, altcoins exclusively stablecoins, CBDCs and something new in future. |
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DeFi projects can use Multichain.org tool to create Cross-chain Routers. There are risk from bridges like the terrible hack with Ronin bridge. I would prefer to talk about another thing, regarding total supply. When a DeFi project on ERC-20 chain want to bridge to BSC or any chain, you should check that whether that project burn the correspondent supply on ERC-20 chain. The burn is necessary to keep its total supply unchanged. Scam project can bridge to a new chain and does not burn the correspondent amount of token in the initial chain. It is like double their total supply on two chains, minting new supply from thin air. |
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Solana was once 0.58$ years ago
Polkadot was once 3$ years ago
Avalanche was once 3.2$ years ago
So I don't understand why people are too optimistic on Solana and believe it can hold the price around $100 or $200 after its growth last year. It is unrealistic in my opinion. I think Solana is good because it does not only have an ecosystem behind but also have FTX exchange behind. Together, Solana will have a solid ecosystem with such elements. However, it won't be able to hold price around $100 or higher in bear market. I will make my last call for Solana around $15 to $20 as its bottom range. I will buy lot of $SOL when it falls to that range and hold to wait for next bull market. Polkadot and Avalanche look to have safer entries than Solana now but make sure you prepare for lower prices in bear market. |
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Move to earn is the adjusted term from Play to Earn and they are almost the same. It is similar to derivatives of ICO such as IDO, IEO, etc. The purpose is the same that is fund rasing.
Move to earn is for earning purpose solely and do you think people who join it are athletics, runners or just non-gamers who want to invest and earn by playing or moving? Doing something to earn is unsustainable from their mechanics because token is minted by developers, non-gamers invest into NFTs to play or to move and from initial investment, they can earn forever until any changes from developers to stop earning at high levels.
I predict that after Play to Earn, Move to Earn, we will see a few other things to Earn soon.
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Mainly everything that centralized exchanges like Binance do is to make money. The fact that they advertise shitcoins as "cheaper options to withdraw bitcoin" is because they want to advertise their own shitcoin called BNB. In fact there are a lot of things they encourage people to do using BNB which is the only reason this shitcoin has been pumped. Who makes the most profit when it pumps? Obviously Binance since they create it out of thin air and sell it to newbies.
People who invest in or use BNB or other altcoins can not say they do it because of Binance or any exchange. They are responsible for their reasons of investment or choosing a coin for their transaction. After Binance, many exchanges create their own tokens and own chains. They follow Binance by shilling their own token and chain and provide promotion with good bonus for users who use their tokens for trading fee or withdrawal. People decide to use or not. If they decide to use exchange token and chain, they should not say it's because of exchange promotion even they don't like those tokens or chains. If they want to take bonus, they will have to take risk. Altcoin chains are less secured than Bitcoin network. |
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Which price of a Litecoin is possible in 2022? What do you expect as alltime-high and price in end of 2022?
Two possible next prices if Litecoin moves up is $170 - $180 and around $280. However, it Litecoin moves down, I think 2 possible prices for it is $45 and $30. Higher prices or lower prices in either upward or downward trend, we will have to wait because now it is too early to predict Litecoin price in too far future. Personally, we might have to wait for next halving of Litecoin to see another hype on this altcoin. I see old altcoins now are very outdated in technology, Litecoin, Dogecoin, DASH, etc. and today the market is hyped with smart contract projects. I don't naively think altcoins in new generation are all better than old altcoins but all old altcoins will have to wait for market wash on new altcoins, then they will be able to attract capital flow that is necessary for their growths. |
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The perfect answer for the question "When to trade" is
Only trading when the market is volatile.
Don't trade when the market is boring and condensed to wait for big volatile movement later.
I know you can trade when the market is sideway and boring and if you do it well, you can get profit too. Nevertheless, if your mind are not neutral and fresh, you will get stucked and be killed when the market suddenly moves up or down significantly at the end of each sideway cycle.
Because you can not predict the market up or down correctly so you will have odds to get correct or inaccurate prediction which affect your trading results. The better approach is wait for a big market movement then you can start trading.
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It's totally different from a withdrawal on the exchange and having a transaction fee on transferring your Bitcoin to another wallet. Less fee for the non-custodial wallets which is you can put manually the fee rather than on the exchange wallet which is expected to have huge fees.
Just simple, those exchange platforms making ridiculous fees is a part of their business which is totally different from the non-custodial wallet.
They don't charge deposit fee (for small input consolidation) but they combine them all in withdrawal fee which they charge both input consolidation, service operation and maintenance as well as withdrawal fee + on-chain transaction fee. They can tell you many reasons why they charge such ridiculous withdrawal fee with which they get benefit certainly. Some exchanges charge very high fee: https://withdrawalfees.com/coins/bitcoinIf you know how to broadcast your own transaction, you can avoid such fee. How? Use non custodial wallet, activate coin control feature and observe mempool Always check the mempool space every making such transactions to know the recent transaction fees.
It will help you to avoid your transaction being stuck and will take too long to confirm, if you are not in a hurry, 1-2 sats/vbyte is enough per transaction.
Weekend days are good to broadcast your transactions with low fee rates. |
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I've known Justin Sun for one thing, he controls things in a centralized way than a decentralized way, I hope he won't end up fu**king this one up again, just like Tron trc20, I dont have to go into details here, many know what I am talking about.
There are lot of drama about Justin Sun but it does not prevent people to use TRON for their transactions. When transaction fee on ERC 20 chain is high and before the launch of Binance Smart Chain, USDT on TRC20 was a most favorite option for many people. After Binance launched Binance Smart Chain, they tried to force Binance users to use BSC rather than TRC20 chain by increasing withdrawal fee on TRC20. However, when both ERC20 and BSC cause high transaction fee, TRC20 chain again becomes a good alternative for people. |
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After China launched their CBDC, Russia and India have also launched their pilot CBDC which is being tested. Blockchain technology is being adopted world wide. The only difference between CBDC and cryptocurrencies is their regulations. CBDC is regulated by an authority whereas cryptos are not.
With this, we can say that we are entering the era of CBDC.
Not only China or Russia or India, there are more countries are planing to launch their CBDCs. You can see the list of countries potentially will launch their own CBDCs with CBDC tracker: https://cbdctracker.org/From Research, Proof of Concept, Pilot, Cancelled and Launched, you can see in the map and list as well as can get more information of countries in the list. I consider CBDC launches as a good support for Bitcoin and crypto market but for world economy, it would be bad. It will worsen the inflation rate globally. |
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Every company wants to collect data because they know how much precious it can be for themselves even like future promotions,etc. I don't really use blockchain.com anymore because its one of the wallet filled with bugs even after this much experience they can't be able to provide experience like coinbase atleast.
Fortunately, you are free too choose what exchanges or wallets to use and decide to submit your identity documents for KYC or reject to do so. There are non KYC exchanges and platforms for you to use: https://kycnot.me/Not your keys, not your coins: https://notyourkeys.org/KYC is dangerous and when you lose your identity documents on the Internet, you lose it forever. Why KYC is extremely dangerous and useless |
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I think it is pretty much a given that once we see more CBDCs been released and governments push for their adoption that we will see an open war against cryptocurrencies in general as governments will argue their coins are better because they are under their control.
They are created and governed by governments so local governments will do their best support for their CBDCs. The creation of CBDCs will be a hot trend because governments do see benefits from launching CBDCs with lower production, maintenance, distribution cost than traditional fiat currency. Track the CBDC global adoption: https://cbdctracker.org/However while bitcoin can resist that assault due to its decentralized nature the same cannot be said about centralized stable coins which could easily fall victims of this push by the government and even disappear.
CBDCs and Bitcoin will not kill each other. They need to mutually grow and play its role as motivation for the opposite to improve, get matured more and they will exist together in our society. Governments won't be able to eliminate Bitcoin completely and Bitcoin won't be able to replace fiat currency or CBDCs completely if on Earth there will still be laws. |
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When you want to choose altcoins, let's focus on old altcoins only. They are safer for your investment, less risk but they won't give you 50x, 100x increase. However, the success of investment includes: don't lose your capital, and get profit. Having both of them is good enough for your investment.
If you are obsessed with 50x, 100x growth for your portfolio, you will fall into gambling with new and risk projects. You can earn big but will lose big later. When you nurture a gambling habit, you will not be able to get rid of it easily. It's better to prevent its growth in beginning.
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I think Solana already has a very good exponential growth in 2020 to 2021 and it has to experience calm down, pull back period that should be long. I wish luck for Solanians who bought it at Solana's all time high or any high price.
In addition, there is risk to invest into Solana now but if you plan to invest into Solana long term, next 4 or 5 years, it would be fine. If your plan is invest into it in 1 or 2 years, I see more risk for you.
Long term, it is a good investment because Solana is backed by FTX which is a good and quickly grown exchange during the last 2 years.
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The website is nice but I am curious that whether you use your own data or you retrieve it from Coinmarketcap or any marketcap website. If you retrieve data from another site, it means your site depends on that site and it is not good.
I strongly believe that your site falls into the second assumption because even other marketcap sites usually retrieve data from Coinmarketcap or Coingecko.
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I'm guessing the only time it's an issue is when you look at a transaction. the blockchain explorer website might log your IP.
They record your IP address and you don't know what they will do with their data base includes your IP addresses. But I suppose if you use tor to look at a transaction you should be fine. Just switch all your default internet to tor.
It is true but if you have your non custodial wallet, why do you need Tor and explorer to check your transaction? Open your wallet and you can see whether your transaction is confirmed or not yet. Tor is available for Android too - Download Tor: https://www.torproject.org/download/- Tor for Android: https://www.torproject.org/download/#android |
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