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1681  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu turns into privacy coin like Monero or ZCash? on: March 07, 2023, 04:14:50 PM
However, I would argue that the cryptocurrency market is constantly evolving, and new privacy coins with innovative solutions may emerge in the future. While it may be challenging for new privacy coins to gain traction, it's not impossible.

It's important to remember that different privacy coins may have unique features and use cases that may appeal to different types of users. As the demand for privacy and anonymity in cryptocurrency transactions grows, we may see an increased adoption of new privacy coins that offer improved features and security.

There isn't much innovation in the privacy-oriented sector, probably because of governments' reluctance against coins with added anonymity. Monero may be the leading privacy coin, but it isn't listed on many exchanges unlike cryptocurrencies with transparent blockchain ledgers such as Bitcoin and Ethereum. I just hope SHIBA doesn't go the privacy route, else CEXs will begin de-listing it for good. For what I know, this is just a rumor among holders of the token.

What will developers do in the long run is an excellent question. Everything must be done in the best interests of the project. Making privacy an optional feature would be a great way to satisfy the regulators. Whatever new feature gets added to Shiba, prices will skyrocket for a short period of time. Maybe it's time to buy some SHIBA before that happens? Just my thoughts Grin
1682  Alternate cryptocurrencies / Altcoin Discussion / Re: Our thoughts on Solana currently? on: March 06, 2023, 06:00:07 PM
For two reasons, low fees and fast confirmations, but I don't know why they ignore the major flaws in this platform, especially the issue of excessive centralization.
Overall Polygon is a good choice for many but for NFT lovers SOL still has a good reputation.
I stopped using them a few months ago but Magic Eden is a good competitor to OpenSea.

People want low fees and fast TXs, but what use would that be if the blockchain in question is centralized? The only reason why SOL is in the top ranks in market cap it's because of the whales. There's so much money invested in this "shitcoin" that they won't let it go no matter what. FTX's collapse negatively affected SOL's price, but something bigger than that needs to happen for the cryptocurrency to die for good. Developers are already moving their NFTs to other platforms, so it should only be a matter of time before SOL becomes worthless.

Instead of Solana, why not consider Polygon (MATIC)? The latter is decentralized, censorship-resistant, and never had an outage since its inception (AFAIK). It could last a lifetime if it continues to succeed. Ultimately, the market will decide what will happen to SOL in the long run. As long as decentralization wins, nothing else matters. Just my thoughts Grin
1683  Alternate cryptocurrencies / Altcoin Discussion / Re: Favourite MEME COINS? on: March 06, 2023, 05:55:19 PM
It seems that Elon Musk has found a new hobby for himself)) Today Elon Musk made another statement on Twitter “I used to be in crypto, but now I got interested in AI" - https://twitter.com/elonmusk/status/1631720134636367872 And if Elon Musk doesn't break this latest statement, then maybe we won't see another pump Dodge.

I don't get why there's a lot of hype surrounding AI, when the tech isn't even mature for mainstream use. Nobody cares what Elon Musk says anyways, since he already lost his position as "the richest man in the world". You can thank his mismanagement of Twitter for that. If he abandons DOGE, prices will fall, but the blockchain will still be working as usual. Maybe another prominent person will bring back the hype again?

For what I know, "meme" coins are nothing more than pure speculation. They will eventually fade away (except DOGE) because of the lack of real use cases for the world. DOGE is also part of this group, but it will survive because it's the oldest "meme" coin in existence. Crypto land behaves in many strange and bizarre ways, so expect the unexpected. Just my opinion Smiley
1684  Bitcoin / Bitcoin Discussion / Re: Advantage of holding Bitcoin in time of crisis on: March 06, 2023, 05:50:27 PM
In reality they have sent satellites with nodes in the atmosphere just to avoid some natural disasters and even if the internet connection fails we always have the possibility of Star Link or not?  I think Bitcoin is unstoppable beyond natural disasters.

That's a great idea. But the only downside is that satellites are controlled by companies (eg: Starlink). That means they'll need to meet with government demands or face serious consequences in the long run. Imagine if all of the world's governments turn hostile against Bitcoin. Satellites transmitting blockchain info will be shut down for good. I think the only option would be to perform Bitcoin transactions through radio waves during times of crisis. The cryptocurrency is open source, so what you can do with it is limited to developers' own imagination.

BTC has reached this far since its inception, so I'd say there's nothing governments can do to stop it. Who knows if they'll ultimately give up in their battle against crypto/Blockchain tech? Just my thoughts Grin
1685  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth staking stablecoins? on: March 06, 2023, 05:45:54 PM
This is a bullshit suggestion. Stablecoins is the safest coin if you want keep the value of your asset stable. The idea of the OP is to get profit safely even with small percentage while his assets is protected from crypto volatility. Investing on shitcoins will just make his asset exposed to a lot of risk since crypto market is on a bearish trend. This suggestion of yours is irrelevant to the topic.

@OP, BSC has a cheap transaction and there’s a lot of DeFi project that offer liquidity farming optimization like automatic compounding interest. Just search on the top dapps of BSC to get your preferences option.

BSC is a very attractive blockchain for "De-Fi", especially when it's backed by the biggest crypto exchange in the world (Binance). A lot of projects moved away from ETH to BSC, despite the rising success of competitors such as Polygon and Solana. Binance's native stablecoin BUSD may be facing issues with regulators, but there are still plenty of other options to choose from. I'm eyeing PancakeSwap's liquidity pools, to get the most out of my stablecoin holdings.

Of course, there's always a risk when it comes to staking crypto in a decentralized manner. But it's still a better option than staking crypto on a centralized exchange. You and only you control access to your funds by holding the private key. I'd focus on staking trusted stablecoins such as USDT and USDC for complete peace of mind. Maybe they'll last for a very long time? Just my opinion Smiley
1686  Bitcoin / Bitcoin Discussion / Re: What If There Is A Ban on: March 06, 2023, 05:40:36 PM
The situation still can change. Central banks of many countries are working on CBDC development and they can suppose that it'll be enough for people and try to protect their new digital form of fiat money by new restrictions for crypto. They can be delaying ban to learn positive and negative experience of distributed ledger before starting CBDC. Who knows? Of course it's more enjoyable to be optimistic but I still worry about possible problems governments can make.

A full crypto ban will only happen if governments consider it a threat to Fiat's very existence. You can see they're already afraid of crypto when central banks began announcing the launch of new CBDCs. There's really no need to worry about a full blanket ban  as long as crypto (especially Bitcoin) stays decentralized. If someday crypto-friendly countries change their mind about crypto, there's always a "Plan B". With satellites, VPNs, TOR, and even radio waves, it's possible to circumvent government censorship.

Besides, it's impossible to shut down Bitcoin when there are many nodes distributed across the globe. Either governments accept defeat, or be left behind in the dust. Let's see how everything will turn out to be once CBDCs take over the world. Who knows if Bitcoin gets to live with digital Fiat currencies for generations? Just my thoughts Grin
1687  Economy / Collectibles / Re: [SALE] 1HoDLCLUB 1mBTC coin "Fuck Fiat Money" Collection on: March 06, 2023, 02:18:09 AM
1 coin for me of the lowest number available. PM incoming shortly. Thank you, MrCryptHodl! Cheesy
1688  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are investors so sceptical about Altcoins? on: March 05, 2023, 12:10:15 PM
I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.

Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?

Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?

Investors are skeptical about altcoins since many of them are not as decentralized and censorship-resistant as Bitcoin is. Aside from the fact that altcoins' prices are much more volatile than Bitcoins', most of them are still in experimental stage. Investors can expect altcoins to be an unreliable investment compared to BTC. Despite the inherent issues of alts, it's still possible to make a profit if you know how to play your cards right. Altcoins are usually driven by hype, so they could rise astronomically in price for a short period of time. But don't expect to take them seriously as a long-term investment because of the reasons mentioned before.

Picking the right altcoin is a hard and time-consuming task. I'd stick with Bitcoin and Ethereum for complete peace of mind. As long as you invest wisely, there should be nothing to worry about. Just my thoughts Grin
1689  Alternate cryptocurrencies / Altcoin Discussion / Re: Our thoughts on Solana currently? on: March 05, 2023, 12:05:20 PM
Hi everyone, I am an avid Solana fan and supporter.

Just wanted to know the bitcointalk consensus on Solana right now.

Does anyone here use Solana on a regular basis?
Does anyone here use the Phantom or Solflare wallet?
What are your thoughts on the "Backpack" wallet?
What are your thoughts on Magic Eden as an NFT platform? Is it better or worse than OpenSea?

Both positive and negative feedback on the protocol as a whole is much appreciated.

Thank you so much.

<3

I've never used Solana, but I've read a lot about the network facing outages constantly. With NFT creators moving to other platforms, I don't think SOL has a future. FTX was one of the major investors in Solana (if not the only one), and it went bankrupt. That gives bad exposure to the project as a whole. Outages keep happening like there's no tomorrow, while developers don't give a damn about it. Unless they step up to the game, Solana would be nothing but dead in a few years from now.

I'd put my attention on alternative cryptocurrencies that care about decentralization and censorship-resistance. If you want the best of both worlds (decentralization + low costs/fast TXs) why not choose Polygon instead? A lot of NFTs have moved there, making Polygon as popular as ETH. With widespread community support, you can't go wrong investing in MATIC for the long term. The decision is up to you. As long as you diversify your investment, you'll have nothing to worry about. Just my opinion Smiley
1690  Bitcoin / Bitcoin Discussion / Re: Advantage of holding Bitcoin in time of crisis on: March 05, 2023, 12:01:32 PM
The global economy is facing a crisis of inflation and other internal financial crisis, such as what we are witnessing right now with recent bad occurrences around the world in Turkey and Syria a lot of people have been mad homeless and government infrastructures such as banks have been destroyed as a result of the earthquake and other natural and man made disasters that has happened in various regions.

This situation has forced many into financial hardship and the unavailability of financial institutions and services, in fact in some countries a lot of financial crisis is currently being experienced.

With most depositors no longer have access to their money through to the high centralization of the financial institutions leaving all the power over their finances in the hand of the central banks.

This crisis has forced many to start looking for an alternative way to save the money, and bitcoin is the best store of value at this point, with Bitcoin, you have total control over your finances and Bitcoin help to reduce the bank to becoming just a Junction or bus stops were our money can just pass through to carry out a transaction or exchange aside from that.

Bitcoin is the best alternative way to save money, with Bitcoin you have control over your savings because it's your wallet and your key and you are your banks!

The last thing people will be thinking of is Bitcoin during times of crisis. Especially when it has unstable market prices. When there's a natural disaster such as an earthquake or a hurricane/storm, there will be little or no Internet access at all. How would people use Bitcoin when there will be no way to settle transactions on chain? You could use Bitcoin offline using a bearer instrument like a paper wallet, OpenDime, or loaded physical coin. But transactions would need to be settled some point on the Blockchain to ensure everything is final. Maybe someday developers will find a way to fix this? If they solve this problem, then Bitcoin would soar towards new heights in terms of mainstream adoption.

Despite the setbacks, Bitcoin is still a better option than Fiat which is controlled by the government and banks. You get true financial freedom as long as you hold access to the keys. Governments know Bitcoin's potential, so they're doing everything they can to stop it. I'd say they're pretty late to do anything about it. Who knows if BTC surprises us in the future? Just my thoughts Grin
1691  Bitcoin / Bitcoin Discussion / Re: What If There Is A Ban on: March 05, 2023, 11:55:53 AM
We all agree we're living in a crazy world and what's far worse is that it is managed by a bunch of clowns..
So, let's think wildly, one day US were to further increase the censorship just like some of the other countries in the world, they ban bitcoin, they ban VPN, they pass legislation for those who mine/trade/spend btc will be sent to jail.
(Let's not say it's not going to happen. It can! You never know just like you would never have known that there's a war in 2022.)

Other countries start to follow.

Where will you be and what kind of life will it be and how is it going to impact yours?

USA has always been "land of the free, home of the brave", so I don't think it will ban Bitcoin in the long run. The country has a democratic system, so we should expect lots of opposition if govermment officials propose such a thing. Besides, why would the US want to ban Bitcoin when it can collect a lot of taxes from it?

What the country will do is regulate Bitcoin and other cryptocurrencies to minimize as much illegal activity as possible. Banning Bitcoin would make the US no different than China or even Russia. It's something that seems distant to be honest. We cannot predict the future, so we should be prepared for the worst. Just my opinion Smiley
1692  Bitcoin / Bitcoin Discussion / Re: Which countries do you think this year will adopt Bitcoin as a Legal tender? on: March 05, 2023, 11:50:46 AM
Not every small country has hyperinflation you know. Inflation rate in El Salvador is similar (or slightly lower) than in many European countries.
And no sane country will ever replace their national currency with Bitcoin (unless in some financial system collapse emergency scenario), they could only introduce it as an additional legal tender to attract tourists and investors. But you want to be able to control your national currency and you want it to have a small, healthy inflation rate.

I was not aware about that. Thanks for clarifying. I guess El Salvador decided to go ahead and adopt BTC as legal tender just to help support its healthy economy. It was a very smart move by President Nayib Bukele, as that will help attract tourism into the country. Being the first one to officially announce BTC as legal tender, would give it an "edge" over other countries in the future. The proposed "Bitcoin City" with geothermal PoW mining could turn El Salvador into a "crypto paradise". Other small countries are beginning to consider doing the same, paving the way towards full-fledged adoption of BTC in the mainstream world.

I'd say it's a wild guess to say which will be the next country that will adopt BTC as legal tender. It really doesn't matter which one will it be as long as it benefits Bitcoin in the long run. Who knows if we get lucky by being early adopters of the revolution? Just my thoughts Grin
1693  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: March 05, 2023, 10:36:23 AM
Rewards dealt.

Well received. Thanks! Cheesy
1694  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: March 02, 2023, 09:32:09 PM
The Americans have been asking Zelensky to withdraw from Bakhmut for many weeks now. But he is adamant that he can reconquer all the lost regions. Ukraine has enough manpower to sustain the war for another 3-4 years. They are a country of close to 40 million people (after subtracting those who are residing in areas controlled by Russia). 1,000 KIA per day would mean 1 million losses in 3 years. It is something they can afford at least theoretically. But I am not sure whether the NATO would be interested in prolonging the conflict for so long. NATO weapon supplies are not infinite, and in due time there will be growing opposition to the spending on this war.

Zelensky has a "warrior spirit", but I'm afraid things don't last forever. At some point, allied countries will run out of resources/funding to continue supporting Ukraine with weapons. When that time comes, everything Ukraine has gained so far will be nothing but lost. I think Russia is waiting for this to happen, especially when it hasn't given any indications it will stop the invasion soon. NATO said it will continue supporting Ukraine "for as long as it takes", but I'd take that with a grain of salt.

Western countries are already feeling the pain of the Russo-Ukraine war, so expect support to decline the longer the crisis is extended. It's only been a year since the invasion began, anyways. Who knows what will happen 5 years from now? Just my thoughts Grin
1695  Bitcoin / Bitcoin Discussion / Re: Which countries do you think this year will adopt Bitcoin as a Legal tender? on: March 02, 2023, 09:24:10 PM
After reading what's happening in Nigeria I could see other countries thinking twice about going the route of the CBDC.

Maybe some small country with a forward thinking leader might see this as an opportunity, and go ahead with Bitcoin instead.

I think a country like Tonga might be the next one to make it legal tender, because they have to pay a lot of fees in remittances.

Small countries adopt Bitcoin as legal tender because they really have no other choice. Their economies are weak thanks to ever-increasing inflation rates. Bitcoin cannot be debased due to the way it was designed, so it proves to be the perfect solution for developing countries trying to battle the negative effects of inflation. We should expect countries within the Latin-American region to make the move soon. The more of them there are, the better for Bitcoin.

It would only be a matter of time before developed countries like the US and UK do the same. If the whole world embraces Bitcoin with open arms, "hyperbitcoinization" will be realized. Who knows if we're closer to the "Bitcoin Standard" than we've ever thought? Just my opinion Smiley
1696  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run? on: March 02, 2023, 09:19:07 PM
I believe that these types of coins and platforms have significant potential to become increasingly popular as people become more aware of the benefits of privacy and decentralization in their financial transactions.

Furthermore, the community support for privacy coins is growing and becoming more vocal, with more and more people recognizing the importance of financial privacy in our increasingly digital world. This support will only help to further promote the adoption and usage of privacy coins.

Privacy coins have their benefits, but with governments in the way, don't expect such coins to experience an increase in mainstream adoption anytime soon. The only coins that will rise "to infinity and beyond" are those with a transparent Blockchain ledger like Bitcoin, Dogecoin, and Ethereum. That's because it's easy for the authorities to "hunt down" malicious actors on these chains, than it's the case with Monero or Zcash. Why do you think Elon Musk is "pumping" Dogecoin instead of a privacy coin like XMR? That's because DOGE isn't as rejected as XMR across centralized exchanges. Not to mention that DOGE is a "meme" coin that's often driven by hype.

We're still in a bear market, so it would be a great idea to accumulate prominent crypto coins just in case. Who knows what surprises we'll find in the next bull market run? Just my opinion Smiley
1697  Economy / Speculation / Re: What happens next if Bitcoin drops to zero? on: March 02, 2023, 09:13:28 PM
If bitcoin drops to zero, I don't think anything bad will happen. Bitcoin's mission was to bring attention to cryptocurrencies. That task has been accomplished. Now the development of cryptocurrencies is hard to stop. although bitcoin is more likely to become analogous to stabelcoin than to fall to zero.

Bitcoin is scarce and decentralized by design, so it's very unlikely it will go to zero in the future. Why care about the price, when BTC is all about usability? If people began using Bitcoin as digital cash regardless of its market price, things would be a lot different in crypto land. Unfortunately, human greed has dominated the space, so expect to see more people hoard the cryptocurrency with the hopes of becoming rich in the future.

At least, Bitcoin is working as intended. As long as decentralization and censorship-resistance is preserved, the BTC blockchain will continue to live for generations. Maybe it will become a major contender against Fiat in the future? Just my thoughts Grin
1698  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what do you expect from cryptocurrency? on: March 02, 2023, 09:08:19 PM
After reading yours and many others same wishes, I realized that maybe I have been discrediting the amount of wealth that could be generated by crypto. I always used crypto in a way that it would help me keep my purchasing power, maybe the dollar amount would go up, but what can buy one ice cream today, should grow to be dollar amount of one ice cream 20 years later as well, instead of losing its value to inflation.

Obviously that is not what people aim at, they want to make sure that they could make a profit even bigger and larger than that, and I am guessing that I have been asking far too little from my crypto future, maybe one day I will get hopeful about something like that too.

Many of us want to get rich with crypto, without actually doing anything in return. Buying and "hodling" crypto alone, won't make you a wealthy person overnight. It takes discipline and a little bit of patience to get the results you want in the long term. Instead of focusing on the price, why don't people use crypto as if it were cash? Crypto is all about digital payments, so the more people use it, the better.

We can't tell what will happen in the future due to the industry's unpredictable nature. But if history repeats itself, market prices should go all the way to the moon within the not-so-distant future. As long as you don't go crazy putting all of your life savings into crypto, there should be nothing to worry about. Just my opinion Smiley
1699  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP future looks shaky and uncertain on: March 02, 2023, 12:22:28 AM
XRP was one of the compliant cryptocurrency for ISO 20022 and if lawsuit comes to light for XRP I think that will likely make XRP fine again. It's still one of the favorites of banks after all and I think huge investors on XRP are huge institutions too.

XRP is banks' favorite "cryptocurrency" because of its centralized design. You can bet that wouldn't had been the case if XRP was as decentralized as its proponents claim it to be. Why do we want another centralized financial system empowered by banks? Wasn't Bitcoin created as a protest against banks' malpractices in handling the global economy? People seem to be missing the bigger picture here. It's not about making money, but rather removing power from banks and giving it back to the people. But centralized coins like XRP and government-backed digital currencies (CBDCs) lead us one step backwards in achieving said dream.

I honestly don't think XRP will survive for long, especially when Ripple (the company) has its hands tied with the regulators. It could collapse if Ripple sells all of its XRP holdings, or they abandon the Ledger completely. The market will ultimately decide XRP's fate. As long you don't go crazy investing into this coin without doing your own research, there should be nothing to worry about. Just my thoughts Grin
1700  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: March 01, 2023, 11:11:33 PM
It would take years maybe 500 years more. The British Empire still didn't evaporate to vanish forever instead created EU with Euro. I think USA will still be around as long as they won't nuke each other to ashes. And so will the dollar as well.

But base on history every empire decline, there will always be a war to expect. China and Russia has same capabilities that US have today, they can monitor each other through space.  What is certain is that all of them has nukes.

500 years is a very long time. That's 5 centuries ahead of us. I think the US will last for another 50 - 100 years until it's replaced by another superpower. There's speculation the EU will become a "force to reckon with" in the future. I can see China and Russia getting stronger after a US collapse. The fact that most countries have nukes, puts us on a very dangerous situation.

I'd certainly don't want to witness a full-scale nuclear war during my lifetime, as that would be catastrophic. If that happens, the human race will be eliminated for good. We better plan on moving away from Earth (Mars, maybe?) before it's too late. No one can predict the future, so we can only hope for the best. Just my opinion Smiley
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