Due to the non-interchangeable characteristics, the circulation of NFT tokens is extremely poor, but with the development of the Defi concept, another new gameplay possibility of NFT tokens has been born: "Defi+NFT". The core value of the combination of DeFi and NFT is whether to use NFT to generate more assets, especially in the use of DeFi, whether it is games, mortgages, loans, and pawns, it is very suitable for NFT assets. DeFi + NFT = decentralized finance + non-homogeneous currency, is to transplant the method of liquid mining to the NFT field, is it the best partner?
Can you explain a use case? NFT is specifically created in a way where the circulation remains limited and on demand. But I am seriously wondering what kind of partnership defi and NFT can do and what benefit it can bring to the metaverse! Defi looks after the real world financial tools and replicate them in crypto space while NFT provides you with a fake sense of ownership to some asset that doesn't exist. How come they can act together!! |
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Having bitcoin ATMs in a retail store like Walmart is quite good for the bitcoin itself. The kind of footfall Wakmart experiences everyday, is indeed going to generate a lot of interest about bitcoin among the masses. People who don't know about it yet, will become intrigued and might start searching about it.
However, this is not something that would make bitcoin mainstream. That is something different and it needs legal support to become mainstream. It's just generating some interesting among the mass and might drive some adoption. That's it!
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Dice have been one of my favorite gambling game and am thinking of installing a dicing machine in my home just for fun, my 17 years old son is good in playing computer games and am thinking of introducing him to gambling after all he is going to learn it whatever ways if I don't teach him how to handle gambling risk and avoid being addicted. The need to have a dicing machine at home becomes paramount and am wondering which dice machine I can go for?
Well I don't want to comment on your parenting skill, but this one doesn't sound like a good idea to me. The chance of addiction is much higher if you have a dice machine at home. We all learn about gambling at young age only but we also learn to avoid the risks at the same time. So I feel that having a dice machine at home will only encourage your son to gamble rather than discouraging him. So think before you leap! |
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I smell a rat! The flash crash did not happen in any other exchange except Binance US. It stayed there for at least a minute. The price was recovered to the current level immediately because the trade kept happening. Many people use market rate while buying and selling instead of using a limit order so definitely there was ine or more people who were benefited out of this flash crash.
Let's wait for Binance to come out with an explanation. It can be a system glitch as well but the there could be few beneficiaries to it. Shouldn't have happened!
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If I am not mistaken, this particular ETF will be using CME's bitcoin derivative as an underlying asset to calculate the price of the EFT. If that is true, no real value will be added in bitcoin market because no physical bitcoins will be transacted during the process and also no money will be pumped into the bitcoin market. This ETF is essentially a bug fraud of the banking system where they create money out of thin air.
Such ETFs can only bring positively into the market but not money!
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Controversial opinion.
I love Bitcoin the currency, but IMO a major barrier to adoption has been the community's reluctance to embrace "off chain" payment systems. Bitcoin's network is simply too slow and expensive for the majority of day to day transactions. Totally agree! Bitcoin is not fit for daily and small transactions. Ther6no controversy at all because fact is alway fact! In such situations, crypto services like bitpay or polispay comes handy. Where you load your card with cryptos and use it like any other card. But that's not what bitcoin was created for. And there are fundamental reasons for that which can't be fixed with a fork or an altcoin. It should be used as a settlement system, for moving between payment systems and for large transactions (e.g. Coinbase -> Hardware wallet, Hardware wallet -> Pay credit card bill, Kraken <-> Binance, etc.).
Now what if Visa added BTC as a supported currency? That would be big for adoption. Consumers could pay their bills directly in BTC. Merchants could receive BTC from Visa. What if some entity (El Salvador?) issued BTC backed bank notes? BTC could be used just like cash. Basically, all criticism about the Bitcoin payment network would become moot. But the "on chain" system would still exist when you need it and the currency would still retain its important properties.
Is the above vision still considered taboo?
Visa has already announced that they are exploring the possibilities to adopt cryptocurrency within their system. But again that's not what bitcoin was created for. So go ahead and explore a technology called "lightening network". A simple Google search will help you to find more details about it. LN is the answer to all your questions here! Off-chain and settled in bulk. It reduced both time and fees which makes it perfect for daily use! |
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No matter how much we all love freedom and privacy - regulation is coming! No matter how bitter it tastes or how bad it sounds, it is inevitable!
If we really want to see bitcoin and other cryptocurrencies becoming mainstream, regulation and super strict kyc rule is inevitable. At the end of the day, it is government who rules a country.
Unless the bitcoin community can create their own nation y buying some islands in the middle of pacific ocean, there's actually no way to avoid regulation. Whatever is happening in Estonia, will eventually happen all over the world.
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Quite possible! But since their actual income and networth is not known to public or sometimes even the enforcement agencies, criminals to do make it to the top 10 list. But it is very much possible that these criminals hold unaccounted amount of wealth which can make them one of the top 10 richest human alive. But it is good to keep these criminals out of such lists so that their names do not get publicized and create an impact on the human mind.
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You are right and I think NFT talks will be up here for the long term. The trend is different compare to what we see in ICO and DEFI on which only lasted several months until they are now totally forgotten. NFT related games with the touch crypto are now in trend and almost a new game can already hit lots of players as long as it was seen good in development.
TBH, DeFi had limited usage where only staking, pools and loans were mostly considered, but with the amount of scams that took place in the name of DeFi, it was easy for the NFT market to take off and make its way to the moon by having some real games available to its players for playing. To me, NFTs are a huge gamble but with huge benefits to the early birds, so till this market matures, you have extreme possibilities available to make good amount of money by using metaverse in your advantage. Gaming and gambling industry both will see a huge spike because gamers love to play and when they will gain through the latest P2E games, why won't they invest some bucks while getting huge returns? Do you think NFT market has less scams? It's just that these scams are not unfolded yet. It's a money laundering heaven in reality and I wouldn't get shocked if we discover that NFT was originally formulated for money laundering only! NFT games are no less here! I havebeen playing few NFT games since last few months and I found that it's quite easy to launder money using NFT games as well. Otherwise a digital piece of ahit wouldn't have sold for millions. |
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Bitcoin is extremely precious for me to spend. You never know that if you pay for a play station console using bitcoin today, the same amount of bitcoin can buy you buy you a car in 2 next two years. So I personally wouldn't prefer paying with bitcoin for anything at all.
I would rather use USDT or BUSD or any other stablecoins. Because their value is fixed as per the market rate if the underlying asset and don't have extreme upside or downside potential.
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JP Morgan is one of the biggest banks in terms of handling the global remittances. They act as a middleman and earn commission income just for transferring value from one point to another. And cryptocurrencies like Bitcoin and ETH etc. Is effectively eliminating the need of having a middleman in any remittance requirement. Jemie is wise enough to understand that cryptocurrencies can very well make their remittance business irrelevant. Hence he is trying to use his influence over the people.
Can be ignored!
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With there being thousands of coins all earning diferentes APY percentajes ir can be hard to choose which coin invest in to get passive income.
Share your experiencies
Well most programs you will find offering APY, are ponzis in disguise. I have found one good way to earn passive income is through pancake swap. You can get the instructions on how to do it from the below article, https://medium.com/yardcouch-com/how-to-earn-passive-income-with-pancakeswap-cake-6906228a3d5fPlease note this is not an investment advice so do your own research before jumping into unknowns. I will not be responsible if you loose money. |
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I was with a friend today who was in a hurry to place his bet on some numbers that were sent to him for some football matches that he believes are fixed. I'm a bit confused how fixed matches work.
Are fixed matches real? Do the coach and players of teams were matches have been fixed, do they consent to it? If you were in a team were your next fixture has been fixed, what will be your reaction?
Match fixing happens in reality! However, the information of fixed matches are not available to random youngsters. Those who bet of fixed matches, are already sitting on millions of dollars and they will not share this information to anyone else outside their circle. Whatis available in the market, is most probably fake information. So beware if someone says they have information on fixed matches. Because if the information is real, they would not give it to you, rather they will bet and make fortune for themselves. |
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I just saw this topic "What problems in Bitcoin's infrastructure prevent it from being adopted more easily?". All the answers were really interesting, mentioning the lack of regulation, volatility, ignorance, etc.
My question is: How can these problems be solved? And is it ever possible, what do you think?
In my opinion, regulation, practicality, and stability are definitely required for the mass adoption of crypto as a payment method/currency.
What are your opinions on this?
Mass adoption is very difficult to happen for bitcoin unless lightening network or similar type of technology supports the entire infrastructure. There are definitely other thinga out of bitcoin network, but we need to fix what's there already. We talk about mass adoption, but can bitcoin network handle millions of transactions daily? Bitcoin network can handle upto 7 transactions per second while Visa handles 1700. There no way bitcoin will become a regular currency for the mass. |
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I think they have calculated the figure based on the number of accounts Indian exchange have registered with them. A user can have multiple accounts with an exchange. KYC can be done using multiple IDs. For example: Fathers ID, Mothers ID, Brothers ID and ID of actual user. As long as the documents are correct Indian exchanges will clear KYC. The actual figure can be found out based on the data of bank accounts recieving funds from exchanges. 10 crore is a big number and you cannot rely on information provided by the Indian media outlets.
That's quite possible that users have used different mobile phone and used their family member's documents to buy and store cryptos. We Indians are good at such tasks and we often do such things. But in a country of 70 crore internet users, the number of crypto holder looks quite huge and hard to digest. But I sincerely hope that the government takes notice of this statistics and instead of depriving 10 crore cryptocurrency users, brings favorable legislation. |
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BSV was destined to fail. Faketoshi didn't realize that the majority of crypto community has always avoided shitcoins. He thought that adding the name if Satoshi would make him a billionaire with the help of his coin. But at the end of the day, he has made himself a joker.
Goodbye Craig, don't ever come back!
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Data from coinbase have shown over a million sign up for it NFT that is set to be launch in the next two days, this high interest will not be unrelated to the trust NFT is gradually gaining from investors who sees it a new way of making profits from their investment, will this trend continue and expand to other exchange launching their NFT projects just like coinbase.
Lol! I didn't realize that crypto community has over 1 million stupid people! NFT is just a non sense where people pay millions for digital things which makes literally no sense! Only few corporates are milking money from these stupid NFT buyers showing these as a great investment. People are not realizing that spending 1 Bitcoin/ETH on a NFT will fetch them much less return than actually holding 1 bitcoin/ETH in future. Unless someone is extremely lucky, NFT wouldn't fetch them anything at all! |
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I have never played in this website. But a quick google search fetcher me this, https://www.scam-detector.com/validator/satoshihill-com-review/I wonder why you didn't investigate about this website before investing in their bankroll. Otherwise, you would have never invested there. Please open a thread in scam acquisition section. |
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The maximum number of bitcoins that can be issued is fixed.
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
A very simple logic you can apply. Since bitcoin has a limited supply and it can't be increased, the price will definitely increase if the demand stays strong. It's impossible to say how much will be the price but that will not be at the same level what we are seeing today. Also looking at the crypto adoption, we can safely say that the global economy will also be impacted in a positive way because we will have a new segment of wealthy people - crypto millionaires. Basically it's a bit of a speculation we are doing here, but it's no harm to assume that bitcoin price will skyrocket and if we don't start accumulating right away, we may miss the opportunity! |
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