You get scammed if you buy or trade such tokens, and a lot of crypto traders jump at every fresh token without even looking at details, because they think they will reap massive profits from being early investors. Some people will buy those tokens back after dumping their aidrop, hoping to make a profitable trade. The point of scammers is to create an active market and manipulate it, so they can dump their premine at the right moment.

I'm really not suprised, because Bitcoin is not a full replacement for banks, so it was always a possibility that banks would offer Bitcoin services and earn money with them. For example, you can't lend Bitcoin in a decentralized way, so a bank would be needed for that.

Also, I'm really glad to see that Bitcoin maximalism is represented among the high-profile adopters, the world is starting to realize that blockchain technology and altcoins are not even 1% as useful as they claim to be/

This is a pretty obvious scam, though a lot of people will probably get scammed, but the bigger problem is all those coins that seem like "good project" but are going to fail even if the devs will be doing their best. Like how Dogecoin went from being a joke coin with small community to an overhyped giant that keeps falling and making lots of noobs who invested at the top poorer, because they really believed that Musk will work on Dogecoin and make it a viable payment system.

Introducing someone to Bitcoin can easily turn out to be the worst gift possible. There's so many things that can go wrong - they can get hacked, they can invest in shitcoins due to inexperience, they can experience a large crash and panic sell. Gifts should never come with risks that can cause serious harm.

And you can talk about Bitcoin at any time of the year, why use holidays as an excuse to preach about your hobby?

Forget about "some month is good/bad for Bitcoin", Bitcoin is not a company that has its revenue tied to seasons, so don't expect any price movements based on the time of the year. We're currently in a very uncertain market, the price failed to rally after making a new ATH that was just a bit higher than the previous one, but it also doesn't want to drop any further. 2022 can bring anything, so today it's better to wait and see where the market goes.

No one has the slightest idea of what will happen in 50 years. 50 years ago companies like Apple and Microsoft didn't exist. And some companies that were once leaders of their industry decline and disappear. And things move much faster with crypto, when new trends emerge and fade every year.

Crypto is guaranteed to be still around in 50 years, because it's just software that can not be stopped, but the real question is, how much popular it will be and how it will be used. No expert can answer that.

When Chivo was first announced and rolled out, a lot of users were highly positive towards it, even despite its centralization, because everyone was happy to finally see some big adoption action, so everyone kinda ignored the centralization problem. IMO it should be a reminder for us that we shouldn't rely on government and centralized entities to make Bitcoin adoption happen, because they can so easily screw things up and only hurt the image of Bitcoin.

Srsly, the Universe might be infinite, but Earth and its resources isn't, so when will society realize that infinite population growth is not going to work in the long run? And developed countries don't really need these ponzi schemes, it's not like there would be mass starvation without them.

So you are saying "if you want to earn 200 merit, don't spam and just behave honestly"? It doesn't work like that, no one will have opportunities like that, I spent years on this forum and no one ever sent me more BTC than they should have to create a situation like this.  You should be honest because it's the right thing to do, and you shouldn't spam because it's a bad thing to do, and merit is just imaginary Internet points that should be one of the last reasons for doing something.

Trumps hold no power and it's unclear if he'll even have a chance of becoming the president again, so for now it's completely irrelevant what he things, since he is incompetent in everything, including economics and monetary policy.

Trump was either lobbied by someone to take a stance against crypto, or he just saw it as some image of an enemy that could be used to rally more people for him.

Not true, there's actually very little countries that don't have banks that are connected to SWIFT, like North Korea. Even some Iranian banks are still connected to SWIFT. And majority of the world doesn't care if someone gets sanctioned as long as it doesn't affect their own economy.


This is incorrect. Russia is waging a hybrid war on Ukraine since 2014, and they continue sending their weapons, supplies and personnel to fuel conflict in two regions of Eastern Ukraine. So some cyber attacks are really just a tip of the iceberg.

Second, the US is proposing to disconnect Russia from SWIFT in case it launches full scale invasion against Ukraine. This has been brought up because Russia is currently building up troops near Ukrainian borders. The US is not going to do it because of some "recent actions".

Visa and Mastercard have shown interest in crypto, and these two companies are the backbone of global banking system. Some individual banks might be highly hostile to crypto, but there are also examples of banks that want to provide their clients with crypto exposure. There's not enough "crypto must be stopped now before it's too late" sentiment among banks or other players, so we don't see any crypto bans in the West.

Of course there are honest projects that try to build something, but this doesn't mean that they are worth investing in, from the fundamental perspective, because time has showed that blockchain and cryptocurrency has almost no applications in real world.


You are wrong, because a Ponzi scheme is a very specific type of investment scam, and shitcoins don't fall into this type, because shitcoins don't promise anyone fixed returns of investment and they don't make promised payments to early investors with the funds from late investment.

This doesn't solve the problem that all or nearly all altcoins are either scams or just doomed to fail. Altcoins have no working product, the devs are just selling promises of glorious future, promises that they never keep, either because they never intended to or because the devs are not competent enough or because the idea was flawed from the start. Just take any coin that is not Bitcoin and try to look who actually uses it in real life for anything and you will realize just how overpriced the altcoin market is.

People expect a repeat of the past, the "want" it because it's something that would be easy to profit from.


Yeah, you can dream about Bitcoin going up without ever going down, but the reality is, it's a volatile market that is prone to having bullish and bearish periods. And you can make money by selling high, buying back low and then selling high again.

Cointelegraph is garbage, don't use it as your source for news. Here's a better report. Turkey is not adopting Bitcoin like El Salvador did, it's not even close. They actually already banned its use as a currency, and the upcoming law just increases regulations to prevent exit scams by large exchanges like the one that happened recently, at least according to the lawmakers.

Also, your stupid Cointelegraph said that Turkish Lira has dropped in value recently, but in fact it made a huge comeback as it went from $0.06 to $0.094

This isn't exactly "without giving up your keys". Depending on the implementation of the contract, you could be scammed or hacked. Lightning Network also uses multisig, and there's a very complex mechanism for ensuring that one party doesn't just drain all the balance of the multisig contract. Without something like that, this decentralized lending would be way too risky.

When a technology is used for nothing more than investment scams, it just means that the technology itself is useless. Crypto in general is scammers paradise, because it can be hard to trace, it's impossible to fully regulate or stop. The only thing that can be done is governments telling exchanges to delist shitcoins and tokens, basically regulating them like the stock market, though scammers will just keep using various smart contract blockchains to sell their tokens.

It all won't stop with NFT, in a year or two there will be a new hyped trend with tokens/blockchain/smart contracts, and a lot of people will lose their money in the end.

Maybe it was funny at the start, but Elon's half-joking support for Doge has been old for quite a while, and now it even has a negative effect on people, as Doge keeps going down, which is the only way it can objectively go, but some people are getting hope and invest in this shitcoin and are set to lose money.

By the way, jack's tweet is a part of large series of tweets, you can check an article about it here

Internet is to some degree centralized, but it's not exactly easily controlled. Even people in China manage to use VPN and TOR to bypass government's control and access free media. The biggest threat for crypto is a scenario when the government just shuts down all internet connection in certain location, which is something that governments like China and Russia have been actively working on. Being internet-only currency can certainly be a downside in certain edge cases, but this doesn't mean that crypto as a whole is centralized.