Binance is centralized, I get it but what if binance do something very astonishing to coinmarketcap? For example like cleaning off bad projects from coinmarketcap and deal with fake volume exchanges by giving them their rightful rating
How good did this sound to you? Isn't this a very good way to start doing some clean up in crypto space? Binance CEO (CZ) can be crypto trust saviour, really the trust was lost since 2017 and things need to be restored.
No trust was lost when we trust the math. CMC lists everything that cant be compared. So the ranklist by marketcap is totally pointless. Even Bitcoin have inflated marketcap because of Satoshi coins that never left wallets were they got mined to. To compare marketcap of an ICO with a PoW coin is total idiotism. |
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-snip
There will be the new normal. I read a post of one economist he said that we might see return to the 1945-1973 capitalism. Self sufficient and nationalised capitalism. Where lots of industry is managed and owned by government. Also taxes will be way higher. I have no ideas how that will be possible. That's well said, there will be the new normal! People can change some habits, but we will still have to go to work, we will have where to spend money, etc... I think that real changes will be about the ways governments control people, about cash and information flows, they can name it self-sufficient or nationalized capitalism, but that will be just an old shit wrapped in new paper! Do we need governments and politicians? Do we need their games and schemes? Yes. How you will get treated then? If all hospitals are private they will simply get closed when is epidemic. Without government they cant be nationalised as are right now in Spain. Without government you cant order Ford to produce respirators. Governments are essential. New normal will be fat governments controlling whole industries. A lot of place for corruption. |
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New World: Global or National?
World will be still global, but Country economies will be way more selfsufficient and government will own way more industries as right now. Of course such states will cost more so taxes will be higher. |
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Do you think will the environment become polluted or cleaner?
We had Sahara sand last week over half of Europe. It was never this bad as was now. It is not only pollution that makes people hard to breath. I saw on a gif that middle east was even more affected. But I guess they are more used of it. Well, i didn't know that i hope your air will purify as soon as possible It was just few days. I believe from like last Thursday to last Sunday. I found the gif. It shows how the sand storm moved and how dense was. https://www.prlekija-on.net/uploaded/slike/2020032612-3h_sdswas_nmmb-bsc-v2_oper-od550_dustloop-.gif |
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What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?
They cant have different entrance levels for some then other. To get on CMC your coin need to be on 2 exchanges and have some volume on them. Every coin can enter CMC. But how coins are listed on CMC is diferent. They are not just by marketcap. They already have some categories. There should be way more. On CMC is everything. From apples to oranges. |
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It seems to me that for the cryptocurrency market, the imposed quarantine around the world can have a positive effect, since many people who are at home will look for alternative sources of income, where the cryptocurrency market may offer a certain opportunity for generating income.
Not only crypt, there are a lot of online jobs that pays in fiat, things are just done online. Crypto should not automatically viewed as an income generator, that is a false assumption because when we say crypto, it should be risk and opportunity. Bitcoin is money. A digital one. So it simply helps those people working online to be payed easily and securely. Yes covid-19 lockout situation is an opportunity for Bitcoin. But not the way as Irvinn mention. But as one of teh tools to utilise online work. |
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there's a new narrative emerging that life will never return to normal after the coronavirus pandemic:
I don't think people realize that there is no normal to go back to anymore.
At absolute minimum:
1) Supply & demand has been reallocated across the economy, with travel & events zero'd out, remote work & masks to infinity
2) Virus permanently changes public behavior
3) Supply chain disruption just starting
Even if the virus did vanish in a puff of smoke and everyone went "back to work", the behavior of billions of people and every country has been permanently changed.
Demand won't quickly come back, borders won't easily reopen, international relations won't be the same.
There will be the new normal. I read a post of one economist he said that we might see return to the 1945-1973 capitalism. Self sufficient and nationalised capitalism. Where lots of industry is managed and owned by government. Also taxes will be way higher. I have no ideas how that will be possible. |
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A bit more stats. Number of transactions per month:
Month Monero tr. Bitcoin tr. Share
Sep 2019 159,225 9,798,992 1.62%
Oct 2019 179,114 9,892,853 1.81%
Nov 2019 212,716 9,243,776 2.30%
Dec 2019 216,720 9,430,057 2.30%
Jan 2020 257,942 9,612,337 2.68%
Feb 2020 231,953 9,439,548 2.46%
Mar 2020 303,291 8,904,203 3.41%
You can see that number of transaction keep increasing from September last year. And in general in crypto nothing that important really happened in that time. Crypto seems like in a slight decline as it is seen from number of Bitcoin transactions that declined for 9%. It is the same with most of other coins.
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Here is an article right here that shows how many deaths happened in the past. https://www.sciencedirect.com/science/article/pii/S1201971219303285In the 2016/2017 flu shot season they lost 24,981 people in Italy due to influenza, mostly elderly. As of April 2, 2020, they're reporting 13,915 deaths in Italy due to COVID-19. It still has a while to go to catch up to the 2017 season. If you add to covid-19 deaths the people that died this year due to influenza you will for sure get way higher number as the one in 2017. |
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The government could also enact laws to prevent business from accepting any other form of digital currency, or make deals with payment processors to stop them from allowing other cryptocurrencies to be accepted.
Why they had not do it yet? They had long 10 years for this. Is it that hard to do it? When everyone will use Bitcoin then they will not be able top just print money when needed anymore. There for sure is an interest for that. But why they did not do it. Mystery! |
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It may have been awhile since you've heard the altcoin Cardano come up in conversation. Cardano could be considered the conceptual love child of Ethereum and Bitcoin and it is an almost perfect mix of both. This is why Cardano could possibly outperform both Bitcoin and Ethereum.
Ethereum and Bitcoin dont compete at all. They have different use case. Cardano is made by the main guy who supported ETC to stay as it was and not fork it into ETH. Before was also one of main Ethereum developers. So. Etehreum and Cardano are competing. Bitcoin and Cardano are not so as Bitcoin as Ethereum are not competing. |
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Do you think will the environment become polluted or cleaner?
We had Sahara sand last week over half of Europe. It was never this bad as was now. It is not only pollution that makes people hard to breath. I saw on a gif that middle east was even more affected. But I guess they are more used of it. |
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Pandemic Coronvirus Impact On Global economy
The world is surrounded by the COVID-19 and so the demand for the decentralised economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralised economy?
Cash is what is what virus makes bad. But no crypto is ready to replace cash yet. Cant make enough transactions, dont have economy built or people dont trust it to use it. Probably there are even more reasons I dont remember now. But. People will keep this in mind. Covid-19 will in our subconscious. And people will then much easier accept idea of Bitcoin or some other coin to replace cash. |
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In case you are late to this party and don’t yet know what staking is, staking is essentially the hoarding of cryptocurrencies. It's when individuals hold their crypto assets in wallets rather than using them for transactions. While this may sound counterintuitive, it appears to be the next step for crypto, and it is becoming increasingly more popular.
Yes you are right there. Staking is hoarding of coins. But if coins you are hoarding have no use case beside giving staking reward to owners, then that is a classical ponzi to me. |
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I think Gold is a must-have. Silver if you think it's undervalued, and Bitcoin if you have a bullish thesis on it (definitely less of a track record than Gold!) -- Gautam This sums it up: "Things are about to get a lot worse."
"The need for scarce assets that will do well against this form of theft and destruction of currency values has never been greater: Again, Gold, Silver and Bitcoin, all stores of value." From asset that you mention the only one serving as a store of value is gold  I did not write about what is good investment or something like that. I wrote what is a store of value and what is not. Silver is not so as Bitcoin is not. Bitcoin might be one day. Might or not, only time will tell. Definitely not today. |
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Economy is dying but market prices are going up?
There is a virus pandemic, more people are dead every day, even more people losing their jobs, there is a lockdown and people dont work.
So how on earth are Market prices (Dow Jones) going up/rebounding? IF anything, they should be dropping because people need basic life needs to survive pandemic, lockdown and isolation. They cash-in whatever they have.
Stocks are not market prices. Stocks are stocks. And prices of stocks will go up when people will have more money. Loans are at almost zero interest rate. People have same or more money then few montsh ago. There is no reason why stocks price would decrease further. |
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Another 3 months passed by. Time for next quarterly report. It is funny how all looks doom and gloom but this chart shows no unusual events.  |
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Someone posted this on reddit yesterday. I am lazy and usually just take daily emission and multiply it with 365 days to get yearly, but this way is the proper way. Yearly emission is what will be mined in the next year compared to how many are now. hot numbers. We should catch Bitcoin back in autumn. And also Gold.
Some stats:
797 days (2 years and 3 months) remaining to tail emission (7th June 2022)
96.54% of all coins until tail emission have been mined (17.5 of 18.1 million XMR)
Monero yearly inflation
Current: 2.12%
In 1 year: 1.26%
In 2 years: 0.88%
Bitcoin yearly inflation
Current: 2.06%
In 1 year: 1.76%
In 2 years: 1.73%
Gold yearly inflation
1.7%
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I am researching something on Bitcoin and Bitcoin Cash. I am trying to find out the reasoning behind the fork and what did the developers of Bitcoin Cash expect to get with an 8GB block size? Just more transactions per block and less congestion or is there more to it? I have not been able to find much info about it. What are the positives they got from it?
Can someone guide me in the right direction? I am looking for a neutral point of view and fact based. Please no Bitcoin Cash is shit discussions, that wont help me any further in my research.
Lower transaction fees. They dont believe second layer solution are possible to work as are planed. Bitcoin developers believe that is possible. Time will tell who was right. |
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This sums it up: "Things are about to get a lot worse."
"The need for scarce assets that will do well against this form of theft and destruction of currency values has never been greater: Again, Gold, Silver and Bitcoin, all stores of value." From asset that you meantion the only one serving as store of value is gold |
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