Mining coins on mobile phones never work, also this is not what adds value to a crypto project, the last good project I knew of that used mobile mining was Electronuem and the team confessed that the mining strategy is more like cloud mining, so there for it's not real mining.
Crypto mining on phones is never going to be something that brings hype in the future unless a cryptography algorithm is built specifically for phones, at this point this is still impossible.
Look into Metaverse and Play 2 earn projects, I believe these are the next crypto hype in a few years more.
It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max. I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts  |
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In free world, people including citizens and genius developers will build up good things to serve the people. Governments always run behind their citizens and I don't worry that developers will not be able to develop new things for the world.
In the past, things like Bitcoin or cryptocurrency did not exist and talking about 'having your own bank' is something like unrealistic. After all, we have Bitcoin, blockchain technology, decentralized network and we are free to choose storing our money in our own banks or storing it in central banks and live with abundant fear and uncertainty.
We owe it all to Satoshi for making Bitcoin a completely open source project. If he wouldn't had made it that way, none of this (NFTs, privacy coins, mixer protocols, etc) would've been possible today. Developers can now freely fork Bitcoin's code to create new blockchain networks with specific purposes/applications. Even in restrictive countries like China and Russia, there's nothing stopping developers from secretly making a contribution to the crypto/Blockchain space. The power of decentralization and open source would set us on a future were no single government or central bank will be able to dictate what we do with our lives. I don't think it'll ever be the end of privacy because someone will always find a way to circumvent government censorship. Especially now when we have crypto/Blockchain tech. Tornado Cash has already been forked, so this is the first step towards a brighter future for all. Just my thoughts |
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Inflation is rising globally since war broke out between Russia and Ukraine which caused high price of food and energy but since FED has taken strong measures to control inflation by increasing interest rates, it will certainly start coming down as it is evident from CPI data released this evening. CPI of October is 7.7% which is significantly lower than last month. If this trend continues, we will see decline in prices of goods & services in coming days. https://www.investing.com/economic-calendar/It's all Russia's fault. If Putin didn't decide to invade Ukraine in the first place, the economy would've been on a path towards a slow and steady recovery (since the COVID-19 pandemic temporarily affected it). Now things are worse, as Russia decided to stop selling energy/gas to the EU. This caused inflation to increase by a large margin within the bloc. Global food prices also increased due to Ukraine's inability to export wheat (although a deal was made with the UN recently to help address the issue). I don't think central banks' efforts to tackle inflation will work if Russia continues with the war. The Putin regime must be stopped so we could see inflation decline to acceptable levels. Poor people are being severely affected, while the wealthy are doing well. I hope this will be all over soon, so we could be on a road towards a prosperous future. Just my opinion  |
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Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.
Bitcoin has never disappointed its "hodlers", thanks to the way it was designed. Technically-speaking, Bitcoin should become much more valuable in Fiat terms with every block reward halving. The supply won't change, but the number of Bitcoins which can be mined will be reduced every 4 years. How far will Bitcoin go will greatly depend on the status of the global economy. If everything goes back to normal by the time the next halving comes up (2024), then you can expect BTC to reach a new All-time-high in price. Otherwise, not. I'm in no hurry to see Bitcoin valued between $100k - $1m, as long as it works as intended. Utility is much more important than just market prices. For what I know, nothing is set in stone. Who knows what the future holds for Bitcoin? Just my thoughts |
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You may be will surprise but no wars are beneficial for humankind so there are some other reasons for them always, most are not really wise. If we talk about nuclear war it is totally mad, but we know there are mad people in society. So some insane things do unfortunately happen.
Bitcoin itself will survive as while at least one copy of its ledger exists Bitcoin exists. So main question is if a society will be advanced enough to have need and opportunity to use it and there might be many variations.
Bitcoin will survive, but not many people will use it. In times of war, the first thing that comes into mind are life necessities such as food, water, and shelter. Money is out of the picture. You can bet a nuclear disaster would reduce the number of nodes on the BTC blockchain (effectively making it less secure against external attacks). I suppose we're close to seeing a full-scale nuclear war (WW3?), especially when Putin have been threating Ukraine to use nuclear weapons against it (although he has soften its stance lately). It's a dangerous world we're living today, where anything can happen in a blink of an eye. We should enjoy Bitcoin while it lasts. Who knows how many years (or months) do we have left before the whole human race goes extinct because of a large-scale nuclear war? Just my opinion |
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Nope,
BTC lack of online transaction capacity insures it will never be adopted by the masses.
BTC can only be a niche used by a few.
Also the continued warnings of the worldwide PoW bans, BTC community has no solution to the death of PoW.
If you mean that Bitcoin can only be used online, then I guess you don't know "offline" (off-chain) transactions are a reality these days. For instance, there are bearer instruments like the OpenDime and the Tangem cards which allow you to pay Bitcoin to anyone just like cash. You'd just hand it over to the person you're willing to pay, and that's it. No need to be online ever, except if the recipient wants to settle the transaction on the Blockchain at a later time. If that's not enough, there are some Bitcoin satellites in space launched by Blockstream allowing you to get access to the Blockchain anywhere in the world. I'd say Bitcoin is practically accessible to anyone these days. What's limiting people from getting access to Bitcoin is the government. After all, Bitcoin is "illegal" in some countries (eg: China and Russia), so people living there will have no other choice but to keep using centralized Fiat for the payment of goods and services. I don't think there will be a full PoW mining ban, since not everyone thinks Bitcoin is harmful to the environment. There are some countries that will give the greenlight to PoW mining, for the tax benefits the industry provides. All in all, I think "hyperbitcoinization" will become a reality but it's going to take quite longer than previously imagined. Countries are gradually adopting Bitcoin for their own benefit, so it's inevitable Bitcoin will take over the world sometime in the future. Just my thoughts |
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with the ftt crash that affects solana greatly, it could simply implicated that solana could never replaces eth in the long run, let alone solana, even bnb with binance as a giant company backing it still could hardly surpass eth, so I definitely doubt that solana could pull it off and become the next eth. If there's coin out there that could become the next eth I'd say it's matic since it's like having the same characteristics with eth and it's already starting to grow in term of market valuation. solana in the other hand, still got hold back by the bad news revolving around the coin itself.
Solana had investments from FTX, which explains why the collapse of the exchange severely affected the crypto asset's (SOL) price on the market. It's trading below $20 at the time of this writing, compared to its All-time-high of over $200 per coin. That would be a terrible loss for early investors who got into the Solana hype back in 2021. To top it all off, Solana's been a victim of constant network outages during the course of 2022. A so-called Blockchain network that's unreliable for payments can't simply replace a behemoth like Ethereum. People are dreaming by thinking SOL is going to replace ETH anytime soon. It's not about speed or cost-efficiency, but rather decentralization and censorship-resistance. Until Solana or any other competitor put their focus on what matters most, Ethereum's position on the market will remain untouched. I'm fine with things just the way they are as long as there's healthy competition on the crypto/Blockchain space. Just my opinion |
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You can’t sell your Bitcoins without giving your details? I mean only way possible if you sell your Bitcoins in exchange of hard cash, but that’s very rare. Yes what you can do is that you can hide your details in the exchange or platform where you are doing the deal. But you need to give your details to the buyer, in order to get your funds transferred to your bank account. You can easily do non KYC trades at P2P exchanges. Try localcryptos, they are famous for non KYC P2P deals.
That's precisely what I'm looking for. A way to exchange Bitcoin to hard cash without getting scammed. I believe this is something difficult to achieve, since cash is anonymous by design. If there's a middleman involved in the process (escrow) that would help settle a dispute in case things go the wrong way, selling BTC to cash should be a no-brainer. The only downside to this is that the transaction will be known by the third party (escrow). I was considering selling Bitcoin for money orders, but I'm not sure if such method is untraceable/anonymous. Localcryptos looks to be a better alternative to LocalBitcoins, so I will consider it when selling my BTC to Fiat (Bisq is another good option). If you or anyone else have any more suggestions, please let me know. Thanks. |
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Chia (XCH) is being traded for $31.42 USD, this price, or something like 100USD is probably the fair price, but the peak of 1599 USD was only speculation in my opinion, and these prices can't be reached again.
At that time people was excited about HDD mining and the creator Bram Cohen.
But after more than a year, which problems did the coin solved? What relevant projects are being made?
Unfortunately it was only hype, and the chart says all:
...
This usually happens when a new coin is launched. Hype spreads like crazy, pumping the cryptocurrency's price to the moon. But after a few months, you will see prices going down due to loss of interest among the general public. It happened with Zcash when it traded well above $1.3k per coin, only to go all the way down to less than $50. What makes you think Chia would be any different? It seems to me that HDD mining's popularity is declining, when there are a lot of coins which can be mined via the use of ASICs and GPUs. As far as I know, both Chia and Burst are the only coins in existence which can be mined with a HDD. I guess that's why there's not a lot of interest in mining them. If only developers made more HDD-mineable coins things would've been different. Not only HDDs are more accessible than GPUs or ASIC, but they're cheaper too (depending on the type of HDD, of course). At least, the two coins (Chia and Burst) are still alive. Who knows if someone decides to create a new fork out of these projects to revive the hype? Just my thoughts |
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Personally, I doubt that we will see the end of paper money until the far future due to the convenience of having it. In addition, with tons of paper money being circulated around the globe, its sudden implementation would definitely cause a chaotic turmoil against all countries.
Remember that the elimination of paper money would only benefit the rich and cause more weakness to the poor. Access to basic technology of any kind of digital money is limited to developing and developed countries in which underdeveloped countries still suffer as to this day. If the world implements this kind of transaction, this would heavily prejudice the latter to the point that they were not be able to adapt quickly.
I guess that the coexistence of paper money (fiat) and digital currencies would be main trend in the future.
Of course. Phasing out paper money is no easy task. Governments would have to deal with the large number of notes in circulation, as well as, old people who are reluctant to change their ways. It's going to take quite a long time before we're able to see the global economy being digitized. I'm in no hurry to see that happen, especially when Central Bank Digital Currencies (CBDCs) are poised to give governments more control over people's financial life. It'll be the end of privacy once CBDCs take over the world by storm. Given the fact that crypto/Blockchain tech is just starting to blossom, it's likely CBDCs will co-exist with paper money for quite some time. We already have decentralized cryptocurrencies anyways (eg: Bitcoin), so why should we care about Fiat being digitized anytime soon? Just my opinion |
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Cryptos are already known to be decentralized even before but the introduction of centralized platforms and then the regulations lately makes it less decentralized. I don't know if what is that single point of failure you mean but crypto is about eliminating the middle man or the third party.
Satoshi's vision is about escaping slavery caused by banks but you shouldn't forget that many people here didn't care about it but they only care about making more money. Satoshi didn't think that the supposed to be currency that he have created will now function as an asset as well but he or we should be thankful about it as it made btc more popular.
Centralizing factors greatly affect crypto's ability to reach its full potential. While decentralized exchanges exist, they aren't as perfect as one thought they would be (limited performance, low liquidity, higher learning curve). The more centralized exchanges and services take control over the industry, the farther we will be towards eliminating the middleman for good. I'd say we've already moved away from Satoshi's original vision. With Binance's quick accession to glory, crypto is set towards a very dangerous path. Can you imagine Binance falling one day because of negligence, a major hack, or a government shutdown? If that happens, crypto will be doomed for good (although Blockchain networks will still be up and running as usual). Most people are only into crypto because of the price, so a collapse from a major exchange such as Binance will cause a loss of confidence among investors and traders alike. You can see how the recent FTX collapse has set back the crypto industry for a couple of years. No one knows what the future holds, so we can only hope for the best. Just my thoughts |
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The release of CBDC will not have any effect or threat on bitcoin, you don't need to be angry. Dollar is digital like the paper USD we are using but different in how it works. The digital dollar will remain inflationary over time just like paper USD. Issuing CBDC will have pros and cons for us, the advantage here is that we will get rid of paper money and move to a modern world and do not need to spend a lot of money and waste materials to print paper money and convenient in daily payment. The downside here is that the government will have more control over us when we use CBDC, even the smallest act will send data to the government, the more we lose our privacy.
Let their government do whatever they want, as long as the bitcoins are there we have nothing to worry about. The government will never be able to completely control us.
The government can see every transaction related to credit/debit cards, so I don't see how CBDCs would be any different. If people were used to getting "spied" on credit card transactions, then they should have no problem embracing a CBDC. The new digital cash system would only destroy paper money as we know it, enabling a new era in our society. It won't challenge Bitcoin because of its centralized design, though. Comparing Bitcoin vs the Digital Dollar would be comparing apples vs oranges. I wouldn't worry about the new government-issued digital currency as long as decentralization wins in the long run. Just my thoughts |
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Right. I am a little sad that the market went deeper but somehow I cannot deny in my mind saying it is an opportunity to accumulate more. We might even see the price drop even more to like $15k something. We still have around 2 more years before the next halving so we better expect more traders to sell every small increase in price. The best thing for us here is to always DCA and think long-term.
At least if Bitcoin reaches $100,000 which is my minimum target in the next halving, we are x7 on ROI if we base to its current price.
Believe me, you ain't seen nothing yet. The global economy is bound to get worse by 2023, as central banks continue to raise interest rates to help tackle inflation. This will severely affect market prices of both crypto and stocks. The FTX collapse will add fuel to the fire, resulting in lower market prices for Bitcoin and its derivatives. I think BTC would decline to $12k before bouncing back up to $20k a few months from now. Many people are already saying "Bitcoin is dead", but they really don't know what they're talking about. They're only saying this because they're not thinking about the long-term. After all, most people want to make profit with Bitcoin at a very fast pace. Let tell me you that there's more to Bitcoin than meets the eye. As the OP said, "now is the perfect time to invest in Bitcoin". With a limited supply of 21m coins, and decentralized/censorship-resistant properties unlike any other currency on Earth, Bitcoin should be worth a lot more than what it is right now. I'd say Bitcoin is undervalued based on this alone. If you buy now, you'll be able to reap the rewards in the long term. Just remember to never invest more than what you can't afford to lose, and nothing should stop you from achieving your dream in the future. Just my opinion |
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And that is more than enough, can you imagine a world without bitcoin? In a world in which governments can already do pretty much whatever they want this will be much worse if bitcoin did not existed.
At least now we have an alternative, and while the adoption of bitcoin is still low, it may get to the point in which we could use it almost everywhere, and that will be more than enough for the people like us which are looking for at least some level of economic freedom.
Having Bitcoin as an alternative to Fiat is a blessing. Especially during these times where governments are becoming more intrusive into people's lives. With Bitcoin you're able to enjoy true financial freedom as no one will be able to confiscate or freeze your funds at will (that is if you control access to your private key or seed). Not like Fiat where it's easy enough for the government to cut access to your funds for no reason. In these times where Russian citizens are cut off from the global banking system (due to sanctions against the Russian government), Bitcoin would be the best choice to participate in the global economy without restrictions or limitations whatsoever. That's thanks to the decentralized and censorship-resistant design of the cryptocurrency. Without Bitcoin, we would've completely doomed by now. Some may say it's impossible for crypto (especially Bitcoin) to replace Fiat, as governments won't let that happen. I'd say that's somewhat true, but that would depend if people are willing to continue to trust banks after the near-collapse of Fiat. With more people joining the Bitcoin bandwagon, there's a possibility the cryptocurrency will replace Fiat in the future. For what I know, the sky is the limit. Who knows if "hyperbitcoinization" becomes a reality faster than we could've ever imagined? Just my thoughts |
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Very disappointing day for the GOP. Senate will be 51-49 in favor of the Democrats, and the House will be 224-211 in favor of the GOP. Republicans lost crucial senate races in Pennsylvania, Arizona and Nevada (last two yet to be confirmed). On top of that, Murkowski is likely to win the election in Alaska, which actually puts the senate 52-48 in favor of the Dems. For Ukrainians, there are reasons to rejoice. Trump openly said that there will be no "blank cheques" to Ukraine if he returns to power, and in general the Democratic party is seen as more sympathetic to Zelenskyy.
The GOP hoped for a "red wave", but things didn't turned out the way they hoped for. While people were angry with Democrats because of inflation, they chose to vote for them instead of the GOP to help defend our democracy. With the insurrection on Jan 2021, people would think twice before voting for the GOP again. The party has switched to the far-right (authoritarianism) side after Donald Trump became President of the United States. Would you imagine how disastrous would be for the world if the GOP takes control of both chambers of Congress, as well as, the White House? Funding for Ukraine would stop, giving Russia a victory over the war. Once that happens, it'll be the end of democracy for good. You can see why most countries are helping Ukraine win the war against Russia. They're defending the core values of democracy by doing so. Of course, the global economy has been severely affected by the war. But that's the price we're all paying for in defense of world democracy. Even President Biden said so. I hope Ukraine defeats Russia to help end Putin's regime for good. Only then, everything will go back to normal (although COVID-19 still hasn't gone yet). No one knows what will happen in the future, so we can only hope for the best. Just my opinion |
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Oops... DOGE just passed Cardano again to reach #8 in the CMC rankings. Elon didn't get bored of it, said he's working on integrating it into Twitter, which could prompt other businesses to follow suit. Pretty far from dead if you ask me. Mainly just bumping this to see how many people respond to it like it was written yesterday  For some reason, Mr. Musk is keeping people in suspense. He keeps announcing that he's working on integrating DOGE into Twitter, without providing concrete results of the same. I don't really think he will do it especially when regulators are getting aggressive towards anything crypto-related. Even if DOGE gets added into Twitter, the chances of it becoming a valuable cryptocurrency in the future are pretty slim. When developers decide to limit DOGE's supply, then things will improve for the better. Otherwise, not. You can't expect much from a cryptocurrency that was created as a joke, anyways. I'd prefer Cardano, Ethereum, or even Litecoin which are better alternatives to Dogecoin. The first two are constantly being developed and maintained by the community, with new features being added every once in a while. Dogecoin's development progress is practically stalled, as developers have no intentions of making it a cryptocurrency for serious use worldwide. While Dogecoin may last for generations (due to being an old cryptocurrency that has managed to survive up to this point), its value would remain relatively the same over the years. At least, the Blockchain is healthy. As long as DOGE stays decentralized, there should be nothing to worry about. Just my thoughts |
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I'd like one (x1) brass chip of the lowest number available. PM incoming soon. Thank you! |
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The coins you said that have pumped even in near market are newer coins. Like if you see even the trend for bitcoin, it has also not grown much in last few months and remained at same price. Now, lite coin has also behaved the same during this time. If it has not gone up by a lot, it has not even got down much.
On the other hand, if you see coins like Solana and Luna, they have completely ruined the wealth of investors. So if you have invested in lite coin during this period instead of Luna or Solana, your funds would have remained safe.
Personally, I still use litecoin for payments. I do this because of two reasons. Speed of transaction is ok and the fees for transfer is also less than transferring bitcoin. The people I do transactions with also have no problem while trading with litecoin.
People often ignore old coins (except Bitcoin) because they usually don't bring anything new to the space. What people want is something truly innovative that would help them make lots of money in the short term. That's why we've seen an influx of cryptocurrencies with a lot of "bells and whistles" to help attract as much investors into them as possible. Good-old coins like Litecoin and Dogecoin have decided to "play it safe", by introducing new features at a slow and steady rate (especially Litecoin). They prefer to be reliable and decentralized, than adding lots of new features that would lead towards many undesired situations in the long run. I'm fine with Litecoin being as it is, as long as it works as intended. Who knows if it lasts for generations? Just my opinion |
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Of course they're pushing it. Paper money needs printing almost continuously. There are always banknotes that get damaged and they'll get burned (or melted) and replaced with new ones. That costs money.
If they manage to reduce the amount of "paper" money needed to stay in circulation to half, they will save a lot of money from this cycle.
Then, obviously, digital money - no matte it's banks, visa or CBDCs - it's easy to track.
And, as we already know, CBDCs will probably also be easy to freeze or seize, giving governments even more power.
But, by the law (or possibly the constitution?), the government has to ensure each and every citizen has access to the money. And if internet and technology is not available.. phasing out paper money will be illegal/unconstitutional. Simple.
I think there's still a long road ahead before we see paper money being phased out for good. It's likely neither you or I will be alive by the time this happens. As you've said before, there are many parts of the world where Internet access (and technology) is not available. How would people begin using a digital currency if they don't know how it works or even have the necessary tools to make a payment? It's possible CBDCs will live alongside paper money for quite some time. It'll be the same as credit/debit cards where paper money is still being used even though the former proves to be superior. My guess is that paper money would cease to exist 50 years from now. Governments would not only need to develop and launch CBDCs to the public, but also provide the necessary infrastructure (eg: Internet access) to help make people adopt the new system. They would also need to educate the masses about digital currency payments, especially when there are many people who have never heard about or used crypto before. Of course, privacy will be gone once CBDCs reach the mainstream. But at least, we'll have decentralized cryptocurrencies like Bitcoin and Monero at our side. Who knows what the future will bring? Just my thoughts |
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It's up to you, if you don't care about privacy issues then you can count on it. I trust and invest in ethereum for the profit it brings, so I won't see anything wrong with ethereum. The move to ethereum's POS is a must because there is no way to solve its problems like gas fees and scalability if it doesn't move to POS and can't reduce gas fees, I think people will also leave it soon and choose other blockchains. So it doesn't matter whether it becomes more centralized or not.
Honestly, people investing in cryptocurrencies today are more concerned with profits than privacy. If you want anonymity we have bitcoin, even if eth is decentralized it cant compete with bitcoin.
Most people view Ethereum as an investment tool (not a currency). They wouldn't care if it becomes heavily centralized as long as their pockets are filled with money. Only a very small minority actually care about decentralization, as they're true believers of the technology underpinning ETH. As long as money talks, don't expect things to get better anytime soon. At least, Vitalik proposed a roadmap to help tackle the issues of centralization surrounding the Blockchain. I'm hopeful ETH will become more decentralized with subsequent network upgrades. Despite becoming less-decentralized with PoS, it's still a far better option than heavily centralized coins such as XRP, BNB, or Solana. I don't think ETH's position on the market will change just because it lost some decentralization after the upgrade. Who knows if it lives alongside BTC for generations? Just my opinion |
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