I don’t think you “solve” such a problem as balancing the gap between the poor and rich. Certain people are poor because they intentionally choose to be lazy. So if I happen to be more hardworking why then do you try to equalize people who aren’t meant to be on the same class. Best we can do is talk about creating more opportunities, so the hardworking ones may be able to rank up to where they belong. But that’s a different topic, here we’re talking on Bitcoin will close the gap and I don’t see how.

I don't agree that this coin has a very good and bright future. Yes it is a good project to get a small investment and get out of the market after making 1 or 2 percent on your profits. As today the price altered by 4 percent. It was launched back in 2016 with a capital of billions and still 30 percent Is holded by its investors.

If it has a bright future it would have done so far so better. It had a high of 44 something in 2021 but after that it crashed very badly. I think it'll topple here at that price until and unless it can do something good hopefully in 2.0 update.

I agree that there will be automation, it's a fact.  However, a hybrid casino is an idea that I have been talking about here.  Centralized companies will need to adapt to this, as will decentralized companies, both focused on capturing and facilitating customers.

Attempting to block crypto is a futile effort that benefits no government, unless that government wants to be satisfied with power instead of listening to the people and developing the country. Every country can refer to El Salvador's approach with Bitcoin strategy to develop the country, every government can learn the cautious approach to BTC that the US is taking. Taxes, jobs, energy are all things that the government wants to have, they don't want to spend budget on efforts to ban crypto.

Even, to my knowledge, in some countries without internet-banking services, people can still buy and sell BTC in P2P form: meet to exchange money and receive BTC at self-custody addresses. I really haven't figured out an effective way for the government to completely ban crypto. The government is increasingly having more young people, I believe they will be able to convince others to trust and open up to crypto.

Do you guys make posts like this to fill your daily campaign quota or what?

The BTC network is still decentralized, despite BlackRock having tons of BTC:

https://miningpoolstats.stream/bitcoin

I don't see LTC changing either:

https://miningpoolstats.stream/litecoin

Even if banks weren’t dominant, neither of them will fix the world because that isn’t their responsibility. Many times people put so much weight on bitcoin as though it was designed to make people rich or solve a huge challenge that the world was really suffering. For example, the gap between the poor and the rich… this IMHO doesn’t have anything to do with Bitcoin or any cryptocurrency. Life is just the way it is, people will be poor and people will be rich; everyone can’t be rich.

Where is DOT? It has billion marketcap but it was not even able to be among the blockchain with most of transactions. It means that DOT has no demand and it can still survive due to the speculation only. DOT is not a good blockchain anymore. People are rarely using it now.
The parachain is a total flop, it has proven caused by dot is not also having a lot of TVL too. Its mean people have no interest to use DOT as blockchain to did regular transactions everyday.

We are seeing the positive impacts of spot BTC ETFs on the entire crypto market, and we enjoy this because we are making a profit from the price increase of the tokens. As you said, things could get worse when BTC becomes a financial instrument like others in the hands of the Wall Street wolves, and we will only be like sheep and be deprived of the core values of Bitcoin that Satoshi tried to build. I'm afraid that at some point, the majority of BTC will be held in ETFs instead of being self-custody by real users.

I'd say people care more about the reputation of the casino themselves and pretty much most of your average gamblers are pretty far into the KYC thing so I don't think gambling dApps have that much of an allure to them. At most, it'd be pretty equal with regular crypto at casinos and at that point, you'd mostly rely on their reputation to see which of the two types is better of which I'd assume centralized casinos would be voted above the other by quite the margin.

Ofc that's only at this point in time. Things might change really, especially if you consider how dApps can be the alternative for players in countries where gambling is banned/illegal.

"Why not just sell your crypto directly to Fiat?"

Many people do not have that option, so Tether quickly caught on when most major exchanges offered it as a USD alternative. USDC started later, so Tether had a huge head start. I am really surprised the the big heap of rotting scam has not exploded yet.

Yes, USDC is a much safer bet.

I am not Ripple fan and enthusiast so I see them like this.

They are pioneer to fight against SEC and actually won against SEC. It is one of very first foundation for blockchain and cryptocurrency industry to more seriously stand up and fight against over power use of SEC recent years. With this point of view, Ripple should be given a round of applause.

A second view of mine, is Ripple is centralized and they are not different than banks or in future CBDCs technically. However it is commonly seen with many altcoins, not only Ripple. I don't say Ripple is good in decentralization but if saying Ripple is the enemy of this industry, I really disagree. There are many altcoins like Ripple and people attack Ripple perhaps because it is one of top altcoins.

Disconnecting the internet just to prevent people from accessing BTC is not a wise move, no matter how much the government hates BTC. The internet has become extremely important to everyone, and the lack of internet can hinder the development of the country and push the economy and society into crisis.

If they really want to limit the influence of crypto, governments can issue extremely harsh bans: ban crypto trading, ban crypto ownership, ban crypto advertising... All violations will be considered as harming the national economy, the punishment will be extremely severe and that information will be spread on national media channels to warn of similar acts. I think that is the best way the government can do to stop crypto. Of course, it is only done by a totalitarian government and does not need to listen to the people's opinion.

A wiser government would want to regulate crypto and collect taxes on crypto to gain the support of the people and have more budget for national development.

LTC will eventually get owned by Blackrock and there is already a Grayscale Trust for LTC which is called LTCN. I check the litecoin subreddit occasionally and it seems there is also a litecoin ETF on the way which is about to get accepted by the SEC. So, these are probably the last moments before you can acquire them cheap litoshis. It is already showing signs of a breakout btw. Recently ltc went as high as $105. Sooner or later it will meet its ATH again but ltc's main problem is that there are too many shitcoins competing with it.

It is always the same game. When ETH was $9 nobody wanted it, when it went above $1000 everybody wanted it. Still though, as long as you keep your cool and hodl, you'll get rewarded for your patience.

I actually have been DCA'ing LTC for some time instead of BTC because I see great value here.

Maybe, in the meanwhile new AML law in EU is going to ban all anonymous crypto payments. Only privacy preserving coin that i know that will be safe is Dusk, as their tech is going to be complying with eu AML laws, and their citadel tech can be used to identify the wallets, meaning that auditing is transactions is possible. But everything stays confidential to outsiders because kyc is build into zk tech.

Privacy coins being illegal means that there won't be any insitutional investors left and i don't see how privacy coins could have much liquidity value when it's gets harder and harder to convert to fiat money. So maybe it will stay hidden as money between people who won't mind possible criminal record. Who knows.

Not all investors will value the term privacy when dealing with crypto as the purpose of creating monero is to promote anonymity, investors still go for coins with higher profit and zero privacy as seen in most cases, Monero is also preferable by most people who value their privacy. I think the choice depends on every investor and this is not just a forceful opinion to hold Monero but rather it has to do choice, I still think the reason why most people don't value Monero is due to the private nature.

paid

The Bitcoin ETF approval by the SEC has marked the sentiment in early 2024 and may be a gamechanger of the whole cryptocurrency market.

Taking into account the general view of the SEC about altcoins, at a first glance it seems unlikely that an ETF could be approved for a crypto other than Bitcoin in the short term. There are several Ethereum ETF applications, but there are doubts if the SEC considers ETH a commodity-like asset due to its centralized launch and management. It was always controversial if the SEC considers ETH a security, although they have eventually denied it.

Now there are a few altcoins which might qualify as a similar "commodity"-like class of asset than Bitcoin, because they had a "fair" PoW distribution without relevant premine, which was similar to Bitcoin's. The biggest are Dogecoin (DOGE), Litecoin (LTC), Monero (XMR) and maybe Kaspa (KAS) and BCash (BCH).

I consider Litecoin the most likely to be approved, for the following reasons:

- There is already an ETF-like Litecoin product, the Grayscale Litecoin Trust.
- Litecoin is one of the oldest altcoins.
- XMR as a privacy coin is generally not looked at well by govermental actors.
- KAS is quite new, and its launch was borderline fair (there was some mining on "Gamenet", where the coin was only known in a Discord group, and only some weeks later they really went public).
- DOGE is perhaps the other one which could be accepted, but I guess many may consider it as a "joke coin", also the high volatility, dependant on Elon Musk's tweets, may play against it.
- BCH? I don't know, the launch was of course identic to Bitcoin's, but the fork could be seen as a consensus break.

I'm surprised to not see a thread about this topic here (there are several on Reddit though, like this one, or even one in r/CryptoCurrency).

So let's discuss. Do you think a Litecoin ETF has a chance? Are there companies that are applying for a LTC ETF (Grayscale, according to the Reddit thread, seems to have announced interest)?

They buy btc to back up their currency USDT so that's what the money should be backed by btc. The digital gold.
Think about the fiat currencies every dollar bill in your pocket are debt the USDT seems much more reliable then fiat, USDT can and it should decouple of dollar If the dollar value don't go up.
Me and many others like to see one day USDT paper currency also. I rather hold new dollar (USDT) Then just the current dollar wich is debt structured.
The path to financial freedom comes first we need to get rid of the debt based economy so the real way Will be USDT backed by digital gold the btc and other digital currencies.
Goverments also can function better If they buy btc and whatever budget they need , for example to fix health care or to build up something then they might sell some part of their btc to get USDT instead of using debt and making inflation high they can use sound financial system.
So instead of taking the loan goverment can buy dca way BTC with tax payers money and If btc price goes up they can sell and with that funds they can a lot good things in society.
I don't know about USDC but USDT financial structure looking more solid.
USDT is best money out there right now because they backing up with btc reserves.
That's what the btc should be all about backing up the currency value for currency issuer.

Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1.
https://cointelegraph.com/news/coinbase-crypto-exchange-launch-dogecoin-litecoin-bitcoin-cash-futures-april

could just be a great April Fools prank?
along with the Dogecoin futures are Litecoin and Bitcoin Cash. coinbase will launch these derivatives even without CFTC's prior approval. to da moon!

This would just be yet another attack on Bitcoin sponsored by those who hate Bitcoin and like the rest it would not hold much water. Bitcoin has proven to be here to stay and no individual, organization or country can bring it down.

Try making a quick search on those attacking Bitcoin you would see a long list even from religious leaders, but none has achieved their malicious aims. Bitcoin controls the market even if we want to ignore that it is the truth. The bull run happening now would depend on how Bitcoin does, that is how strong the impact of Bitcoin is already.