Ser, with all due respect, that won't solve the problem. Because increasing the block size limit will just make the attack vector through Ordinals bigger. You know what they will do? Inscribe high definition videos of their dicks and doing farts, instead of just static dick pics and fart sounds.
Good point. It would only benefit the attacker most by giving it more room to spam the network with Ordinals inscriptions. I don't think high fees will last for long, especially when spammers will lose more money than what they'll earn in the long run. Miners will enjoy the profits albeit for a short period of time. Considering that the LN is far from being a perfect solution for scaling Bitcoin, our only choice would be to switch to an altcoin with lower fees for complete peace of mind. Let's all hope this nightmare ends soon, so Bitcoin can get back to business. Just my opinion  |
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Litecoin serves a greater purpose than other hardfork coins derived from Bitcoin. Many technical advancements are usually tested on Litecoin before implementing them on Bitcoin. Despite being a top CEO of Litecoin, he maintains a cordial relationship with the heads of Bitcoin and still holds a significant amount of Bitcoin. Moreover, Litecoin remains active on various social media platforms and has received several recent updates. These factors suggest that there is potential for Litecoin to experience significant market growth, making it a lucrative cryptocurrency.
You can never go wrong with Litecoin. While other coins are often hyped, Litecoin always delivers the goods by adding useful features at a slow and steady pace. It's a battle-tested Blockchain network just like Bitcoin. What amazes me is that LTC is listed in nearly every crypto exchange known on the industry today. This is a sign that LTC is poised to last a lifetime. Market prices may be low, but that hasn't stopped LTC from staying within the top ranks in market cap. It should be able to go all the way to $1k sooner or later. Since LTC is trading hands below the "triple digits", it has remained quite an attractive cryptocurrency for day-to-day payments (multiply market price of 1 LTC x TX fees and you'll see what I mean). I really hope it stays cheap and fast forever, making it live up to its name as "Silver to Bitcoin's Gold". Maybe it will outlast Bitcoin forks like BCH and BSV in the long run? Just my opinion |
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I'm looking for the second issue of the Very Much Wow magazine (June 2014) to read electronically on my PC or phone. Here's how it looks like:  I've been looking for it all over the web without any success. There was a link on Isssu sometime ago, but the publisher deleted it for some reason. The link was the following: http://issuu.com/verymuchwow/docs/vmw-issue2_junI already own a physical copy of the magazine, so there shouldn't be an issue reading or downloading it online if it's available. Does anyone know where I can find this? Your help would be much appreciated. Thanks in advance. |
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I have a couple of graded crypto coins from ICG that have scratches on them. Slabs are made from acrylic, so I was hoping to find a solution that would help me remove scratches in the safest way possible. Has anyone ever tried this? I'd like my graded coins to look just like new. Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. |
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All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down. So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you. |
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Fees on the Bitcoin blockchain have been on the rise ever since Ordinals became a big hit. There's a lot of NFT inscriptions that's making BTC slower and expensive to use. We've already seen some criticism by Bitcoin users all across social networks (Twitter). Last time I've checked, TX fees were as high as $30. It's insane! I'm beginning to wonder if nodes will eventually reject Ordinals transactions, leading Bitcoin towards a hard fork (UAHF)? If that happens, we'll be heading back towards the era of the scaling debate which lead to the creation of Bitcoin Cash (BCH). Do you think the new hard fork will be a success? Will it destroy/ruin Bitcoin? If not, why? Your input will be greatly appreciated. Thank you very much. |
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I believe that this is only temporary, this shake in the cryptocurrency market and regulation will just on the early days, we all know cryptocurrency is still it's on the early days which for me, I agree with it. We can relate this to the early days of gold before.
Just think that we are now living now in high technology, and in our day-by-day lives we are always using technology, so think about Bitcoin and other cryptocurrencies.
There's a long road ahead before crypto/Blockchain tech becomes mature enough for mainstream use. Regulations are a way to help bring confidence into crypto assets from investors and traders alike. They're inevitable, especially when governments want a "piece of the pie". I know some countries have turned hostile against crypto/Blockchain tech due to the benefits it provides to everyday people. But not all of them are doing this. The most recent country to attack crypto is the United States. Actions from the SEC (a US government agency) will make crypto exchanges migrate to other countries with a softer approach towards crypto/Blockchain tech. That doesn't mean the industry will die, though. What it means is that the US will be left behind in the dust, while other countries "eat its cake". As you've said before, we're still in the early days of crypto adoption. Just keep buying and holding prominent cryptocurrencies to obtain great results in the future.  |
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Remember when Bitcoin could still be used to pay and be paid with? Those were the days...
I'm afraid those days are over. With Bitcoin getting spammed like crazy with Ordinals transactions, fees will only get worse over time. Not even the LN will do any help (it requires an on-chain TX to open/close a channel, after all). Either the majortiy pays a low fee, or developers increase on-chain TX capacity to solve this dilemma. Until then, we'll have no choice but to pay a high fee for each BTC transaction. There always the option of using an alternative cryptocurrency with low fees such as LTC and TRX. The NFT hype won't last forever, so BTC network fees should decline sooner or later. Just my opinion |
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@Abiky. Similar to the news article that I have shared before, president Xi Jinping wants China to be the leader in both information and blockchain technology. We can be quite certain that they have a roadmap for this going to 2030 already. It is not only adoption where America is losing. America is also losing their blockchain developers to other more welcome jurisdictions hehe. The U.S. is losing its lead in blockchain developers
Crypto and blockchain technologies are the next wave of the Internet, with the potential to fundamentally change money, the financial system, and the Internet more broadly. That the U.S. is losing market share in blockchain software development highlights the need for the country to take action to preserve its preeminence in financial markets and related technologies.Source https://www.developerreport.com/developer-report-geographyIt's a pity since the US was once at the forefront of innovation. Now it'll be left behind in the dust as other countries embrace the revolution. This is bad for the US economy in the long term. The de-dollarization process has already begun, so it should only be a matter of time before another country takes the US' place as the world's leading economic hub. I think there's no turning back, unless Congress gets its act together by revising the Biden administration's crypto regulatory framework. Crypto is all about decentralization, so I'm confident it will survive with or without the US. Who knows if in the future US crypto users migrate to a country with flexible crypto regulations? Just my opinion |
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It looks like the tables have turned, if we look at the current spam on Bitcoin blockchain. That's what Ethereum network has been dealing with since the Bull run of 2017-2018 and the problem has refused to vanish to this date
I think something needs to be done about the Ordinals or those so called BRC20 before things go awful on the oldest and most decentralized blockchain network..
That's the problem with NFTs and "meme" coins. They often clog the network as people hunt these digital assets like crazy with the hopes of becoming rich quick. That, and also the fact that scammers flood the Blockchain with worthless "meme" coins for their own personal benefit. It all started with ETH, and now it has ended with BTC. Don't expect fees to decline anytime soon unless this craze is over (which I doubt it'll ever be over). Developers need to act fast before it's too late. High network fees prevents the average person from getting onboard. They only benefit validators and whales alike. If Blockchain is all about equality and decentralization, then ETH must increase its network capacity to fulfill this. Otherwise, it would become no different than the traditional banking system where the rich get richer, and the poor, poorer. Maybe there will be brighter days ahead for ETH? Just my thoughts  |
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I'm new to the crypto scene, and I've been trying to learn as much as I can. Your post caught my attention, and I think you're right about Litecoin being under the radar. I agree that they should work on their promotion and get more people to talk about them.
Welcome aboard, mate. Believe me, LTC is a hidden gem that's waiting to blossom someday. It may be an "oldie", but it's still one of the best coins around for making fast and cheap payments. While Bitcoin is struggling with high fees due to the Ordinals NFT hype, Litecoin has plenty of room for day-to-day transactions with dirt-cheap fees. It costs less than $0.01 to make a transaction on the LTC blockchain compared to BTC which costs around $20 per transaction right now. I see Litecoin has an advantage over Bitcoin with its built-in privacy features (Mimblewimble). Not many people know about this, because LTC is not as heavily-marketed as BTC is. I guess that's why Litecoin has remained under the radar for quite some time. With a total supply of only 84m units, Litecoin could live up to its name as "Silver to Bitcoin's Gold". Maybe it will reach $1k someday? |
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In terms of price predictions, it is difficult to predict the future performance of any cryptocurrency with certainty. The price of Solana and other cryptocurrencies is influenced by various factors such as market sentiment, adoption, and competition. Some analysts and experts believe that Solana has potential for growth and may see significant price increases in the future, while others remain more cautious.
There's a new Blockchain called "Sui" that's getting all of the attention of mainstream investors and "airdrop hunters". I hardly doubt Solana will be able to get "back on its feet" if it doesn't come up with something that blows everyone's minds. The development team needs to solve the network outages first, before talking about a new "Solana-powered" phone. The project has been nothing but hype, without providing any concrete results that would surprise serious investors in the industry. I'd move my money elsewhere until Solana developers decide to fix the inherent issues of its Blockchain network. With better options that are decentralized and reliable, why would I consider adding SOL to my portfolio in the first place? Just my thoughts |
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@Abiky. What much of these cryptolovers who are arguing for regulations ignore is that regulations might threaten one of the basic innovations that the cryptospace has given us and this is the the self custody of our digital wealth.
If regulations are imposed, this implies that all coins and tokens are securities and must be registered with the SEC. This will cause a few problems because under those regulations there should be a custodian, a transfer agent, it will need certain reports, disclosures and all these other documents required by the SEC.
These requirements will also make us pay more fees to the custodians and the transfer agents.
There is also the accredited investor rules which might exclude people who are under a certain salary bracket from investing freely in the cryptospace. This will not encourage the innovation in forming community shared projects similar to what we are witnessing today. It will be very much similar to nothing we presently have in the cryptospace.
CZ, we support your use of decentralization to evade everything that you need to evade hehehehehheee.
Exactly. Fierce regulations will limit crypto's true potential to bring "banking to the unbanked". There will be so many restrictions in place that would make an ordinary person think twice before getting into the revolution. I believe the US government is doing this intentionally to scare away as much people from crypto/Blockchain tech as possible. After all, it doesn't want the US Dollar from losing ground anytime soon. While I believe decentralization will ultimately prevail, governments will not give up without a "good fight". Like I've said before, crypto exchanges will ultimately leave the US due to the SEC's "aggressive behavior". Binance might survive because it has its own "decentralized" Blockchain network, but I cannot say the same about Coinbase and the others. Competing exchanges may deal with customers internationally, but without a decentralized chain of their own, they can be easily "cut off" from the system by mainstream governments. If all centralized exchanges die in the long run, then we'll be back to "square one". Just my opinion |
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If a government doesn't ban bitcoin usage at all I see no worries if it can see any transactions. Why I see bitcoin mixing important is to hide my transactions from different kind of bad actors who can trace my transactions and take bad action against me. Even if now all I have is very few to have an interest in me bitcoin can go up and situation can change. I prefer less people know anything about my money. But I don't think any can hide their money from gov as gov has enough resources to trace everything in blockchain if they want.
Governments can't trace everything in a Blockchain, especially if the same is private by design. Up to this date, Monero transactions haven't been revealed by the government using available analytics software (as far as I know). You think that will change anytime soon? Developers will keep improving privacy/anonymity techniques to prevent governments from gaining advantage in the future. Just because "you don't have nothing to hide", doesn't mean you should allow governments to take control of every aspect of your life. Privacy/anonymity = freedom. I see crypto mixers as a way to escape government surveillance in a good way. They're not meant to be used for illegal activites, though. But emerging technologies are a double-edged sword, so there's nothing we can do to prevent some people from using mixers in a bad way. Things are heating up for the crypto industry lately, so it should only be a matter of time before all centralized mixing services disappear for good. Just my thoughts |
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One option to consider is to store stablecoins in a hardware wallet like Ledger or Trezor. These wallets offer a high level of security and protect your coins from potential hacks and cyber attacks. It is important to make sure that the hardware wallet supports the specific stablecoin you are looking to store.
If the stablecoin you're holding goes to zero, then you're doomed. Why would I want the best security for my stablecoin holdings if they will eventually fade away into oblivion? USDC lost its peg a few months ago due to the US banking crisis. It went back up because the issuing company (Circle) used its reserves to honor the $1 peg. If something worse happens, then you can say bye-bye to the stablecoin for good. Nothing is guaranteed to last forever, anyways. Not even Tether (USDT) is safe. If a stablecoin is not backed by the government, don't count on it as a reliable medium of exchange. I think CBDCs will eventually prevail, leaving stablecoins behind in the dust. With strong regulations against the crypto/Blockchain industry, anything can be expected. Just my opinion |
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Flash drives without built-in security mechanisms are particularly vulnerable to hacking, data breaches, and limited lifespans that can quickly result in data damage or loss, which is the fundamental reason why conventional flash drives cannot contain bitcoins.
It is better to keep quiet about your wallet because there is no need for someone to come into your room to look for something unless you are the one who sparked their curiosity. I prefer writing the seeds down somewhere safe because I am a very private person and use my room alone.
I've seen flash drives with built-in encryption using a numeric keypad that can be used to unlock it wherever you are (hardware encryption). But such drives are expensive compared to ordinary flash drives made by SanDisk and Kingston. Software encryption is cheaper, although not recommended for people who aren't tech-savvy enough to use it properly. A simple, cost-effective solution would be to either print or write the private key/seed of your Bitcoin wallet (paper wallet). The only downside is you can't use this as a "hot wallet" for paying every once in a while with BTC. It's intended to be used as a "vault" for long-term storage of your coins. Each method has its own advantages/disadvantages, so I'd suggest the OP to do his own research to determine which one is best for him. As long as you don't disclose the location of your keys/seeds, there should be nothing to worry about. Just my thoughts |
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It is worth wondering if they will ever come close to replacing centralized services perfectly. It's also worth asking if most modern crypto users need this replacement and move away from centralization? It seems to me that in the crypto world decentralization will always not be a popular topic, rather a certain underground and a place for a special category of users, which will always be a minority. The majority will never trade CEX for anything else.
That's certainly true, mate. Only a small number of people (mainly geeks, libertarians, and tech enthusiasts) will embrace DEXs. The rest will simply carry on as usual with CEXs as their main platforms for crypto trading. It's all a matter of convenience. Just because a big CEX collapsed, doesn't mean it's "game over" for other exchanges. They will eventually become bigger and stronger than ever as long as they have the backing of mainstream governments. DEXs won't go away either, thanks to the way they're designed. I expect them to become a "force to reckon with" in the future as developers roll out network upgrades aimed to improve scalability. What will happen with CEXs is that they will relocate to countries with a friendly environment towards crypto/Blockchain tech. The US has been "hostile" against CEXs lately, so it should only be a matter of time before they all move to another country. Just my thoughts |
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The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.
The US government has been acting aggresively against crypto ever since the FTX collapse took the world by storm. It's not protecting "investors' interests" but rather scaring away exchanges and companies alike. Don't be surprised if other countries start doing the same, especially when they don't want to lose dominance/control over the mainstream economy. On one hand, they're taxing crypto for their own benefit. And on the other hand, they're having a "hostile" attitude against it. What governments are doing is protecting their own interests. One thing for sure is that CBDCs are right around the corner, so either crypto becomes outlawed by every major country in the world or all the other way around. Who knows if the worst is yet to come? Just my opinion |
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CBDCs, in theory, might appear as a fantastic enigma, but in reality? They could spawn detrimental consequences for people and the social fabric. Eliminating physical currency coerces individuals into a perplexing, potentially disagreeable system.
Moreover, the notion of digital currencies enhancing transparency and responsibility? Highly debatable. CBDCs remain under government and central bank control, sparking surveillance and power misuse worries. Limited internet access? Forcing CBDCs isn't the remedy. Let's guarantee equal access to both digital and tangible cash.
Like it or not, change is inevitable. With the global economy on the brink of total collapse, central banks would have no choice but to proceed with their agenda of a "global reset". Phasing out paper money would be the first step towards ensuring both the central bank and the government has full control over the mainstream economy. They can simply remove paper money's status as legal tender to stop people from using it. Only then, they will force everyone to get into CBDCs. This new digital cash system would give said entities more power than usual as they can easily trac and trace every transaction made in a digital ledger only they can control. With paper money, it's hard to keep track of payments made from one person to another due to its anonymous nature (fungible). Decentralized cryptocurrencies such as Bitcoin and Ethereum would be your only "escape route" from CBDCs. We're talking about decades before this happens, so sit back and enjoy paper money while it lasts. Just my thoughts |
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