Though i do not like ETC that much but i would like to do some speculation about its price. I think we will have a chance to buy etc at 20$ even it can go further down before rallying up. Miners will also force developer to build dapps in ETC so that its demands increases in the market.
I am more interested about Revencoin than ETC because of its community support. I can see why most of the ETH hash rate shifted towards Ravencoin. Ergo also got miners interest so it will be wise to keep an eye on those two project in the long run.
Agree. Ravencoin has a stronger community than Ethereum Classic. It's going to take a lot more than just miners switching to ETC to make it boom in price. We're going to have to see if developers become interested in making dApps for the ETC blockchain. Ravencoin may be popular right now, but without smart contracts, I don't see it taking off anytime soon. At least, GPU miners won't be left out of the game. Who knows what would be of ETC as an alternative PoW chain to ETH? Just my opinion  |
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Besides a creativity that is owned by children and is also liked by children towards games that smell like crypto and NFT that are already in crypto. Kids will eventually turn to money when they see more people making money in the crypto space from all walks of life and from various sources that can be linked to crypto.
Children's first stimulation will indeed be like trying to play with games and making NFT drawings when they start to like it, but when they can cash in on them, then they will see every thing from other references as seen by adults.
Play-to-Earn games would surely attract kids of all ages. They're quite familiar with video games, anyways. While the amount of Bitcoin earned won't be that much in Fiat terms, kids could accumulate rewards for future use. A penny here and a penny there will surely make a difference in the long term. If Bitcoin goes up in price as predicted, then many kids would be able to make a fortune by the time they reach adulthood. I think it's much easier to teach a kid about Bitcoin, than an adult. They're quick learners, as their minds are open to everything. Who knows if those kids become the next generation of people who adopt digital currencies (either CBDCs or crypto) for mainstream payments? Just my thoughts  |
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I came across this on the news today, and I wonder if this will be a challenge to the growth of crypto in the united states with the government beginning to consider the digital dollar. The White House is particularly targeting the proof-of-work transaction-validation process used by many blockchains, including bitcoin. This mechanism consumes huge amounts of energy because it requires a lot of computing power.
And with everything else, the administration is pushing for a digital dollar, a kind of digital twin of the dollar, at a time when China has taken a step ahead on this issue Read hereDo you think with the level of civilization in the united states, that the digital dollar will be successful? Neither the Digital Dollar nor the Digital Yuan will be a direct threat to Bitcoin. That's because Bitcoin's decentralized and censorship-resistant design will make it hard (if not impossible) for governments to carry on with their agenda of forcing the use of Fiat for good. There will always be a way to access Bitcoin even if the government bans its use (consider how there are people mining and using Bitcoin in China even though it was "banned" by the government some time ago). CBDCs like the Digital Dollar and the Digital Euro will only strengthen Bitcoin's adoption in the mainstream world. The fact that central banks are responding with digital currencies of their own, tells us that Bitcoin is being taken seriously among those who previously ignored it. I think the Digital Dollar would be successful because the pandemic has accelerated the adoption of digital payments by a large margin. People are used to paying with their phones or credit/debit cards without ever touching paper money, so the transition to digital Fiat should be a no-brainer. If the US acts quickly, it may be able to hold the Dollar's (USD) position as the reserve currency of the world. We'll see what'll happen after the Digital Dollar is launched for public use. Just my thoughts |
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Ethereum could possibly reach $4000 but the hardest question is when? As for me, 2022 is still an early phase for it to happen. We're still in the midst of the recession period and the global crisis is still getting worse so that means that it will still be hard for the market to recover. I believe that the market still needs to go back to normal and reach the bull run before such a thing happens.
The global recession is only going to tank ETH's market prices due to low demand and central banks' policies to tackle inflation. Unless the economy is restored, don't expect ETH to reach $4k anytime soon. The same can be said about Bitcoin and other alternative cryptocurrencies being traded on the market today. Fret not, as crypto (especially Bitcoin and Ethereum) is the future of money. Sooner or later, ETH will bounce back to $4k leaving early holders with plenty of cash in the process. If you get in now while prices are low, you'll profit massively in the future. Who knows how far ETH's price will go 5 years from now? Just my opinion |
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Gold is able to hold selling prices in a stable quarter, we rarely find gold experiencing a decline in buying and selling prices, even though the dollar has decreased.
But it is clear, that Gold and Bitcoin are different, for now I prefer bitcoin
Gold is definitely a good choice for those looking into long-term stability without feeling the negative effects of inflation. You won't earn that much by holding Gold long-term, but you'll be able to retain your purchasing power for years on end. It's the perfect store of value in times of need. Bitcoin may not be stable, but its constant fluctuations in price (volatility) makes it a good choice to grow your profits in the short term. If you know how to play your cards right, you could simply buy Bitcoin at a low price and sell it at a higher price for complete peace of mind. Then you can use the profits to buy Gold and secure your financial future. Undeniably, Bitcoin is much scarcer than Gold with a fixed supply of no more than 21 million coins. Which asset/commodity you'd choose would depend on your daily needs. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts |
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While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
Terra Classic is not a scam, but definitely not worth the investment because of the huge number of coins in circulation. The community approved a proposal to burn LUNC tokens with every transaction performed on the network, but so far, that didn't have a positive impact over market prices. Without mainstream developers building dApps on Terra Classic, the project would be nothing but a complete failure. I'm yet to see whenever investors' confidence will be restored after what happened with the UST stablecoin crash. It's hard to build back confidence when the majority lost all of their life savings in an instant. If the community really wants to "revive" Terra Classic, it's going to need to do a re-branding of the project in order to give that "fresh image" to the public. Making some sort of a grant program would be a plus, as that would attract developers back into Terra Classic. The chances for recovery are pretty slim, so it's best to look for other options just to be safe. Just my opinion |
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In my opinion, "De-Fi" platforms are unlikely to be truly decentralized if they're hosted on centralized servers, and they will thus become subject to the same regulations as their more traditional counterparts.
As a result, there may be no difference between them and traditional financial institutions—the only difference would be their publicizing of this fact, and their choice of location.
The biggest issue here is that it's basically impossible for the government to regulate DeFi platforms without also regulating the underlying assets (cryptocurrencies).
You're right about that. Most "De-Fi" platforms are not as decentralized as they claim to be simply because they're hosted on centralized servers. That brings the single point of failure crypto/Blockchain tech was meant to avoid in the first place. Developers only use the term "decentralization" in order to attract the masses into their projects. But when censorship-resistance is put up to the test, that's when most projects fail. I'm afraid the number of truly decentralized platforms will be very small because most developers will please regulators in order to stay in the game. It's all about money these days, so I wouldn't be surprised if so-called "De-Fi" platforms start asking users for personally-identifiable information. What matters is that decentralization wins in order to render governments' efforts worthless. As long as there's some level of resistance, crypto/Blockchain tech won't be going anywhere soon. Just my thoughts |
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Paid Well received. Thank you so much, DogecoinMachine and Crypto.Games team!  |
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Even if you earn substantial income you will eventually suffer when your leaders fail in making decisions in joining to sanction Russia. The gas supply in your country will just dry out making the prices sky high.
When gas prices shoots to the moon, every products that needs gas to be able to produced will have sky rocketing prices as well. Crowd going hungry are the crowd that will fight for their right to live.
What's the point of working when your salary won't increase in par with inflation? Prices for gas, oil, energy, and food keep rising when wages remain static. Effectively, the poor become poorer while the rich, richer. I guess that's the reason why most people worldwide are protesting against inflation. It's governments' policies that are destroying everything. Unless inflation is put under control and wages increase at a considerable rate, things will only get worse in the long run. I hope that COVID-19 and the Russia-Ukraine war ends soon so things could get back to normal. The future is widely unpredictable, so can only hope for the best. Just my thoughts |
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Russia and Ukraine war has led to severe affect on post çovid recovery. It has disrupted the globa
Supply chains ans it has caused damage to manufacturing sector as well. Europe is most severely affected due to the crisis. And yes this has damaged thr international order as well....
Putin was way out of his mind by deciding to invade Ukraine without taking into consideration the consequences of doing so. Not only did he destroyed Russia's credibility and economy, but he also disrupted the current world order. COVID-19 already had a negative effect over supply chains and the global economy, but the invasion made matters worse. Putin won't back down anytime soon especially when his political future is at stake. Giving up on the war now, would mean Putin's regime has weakened. I'm afraid the world economy will continue to decline until there's no point for recovery. That is unless Europe and the US become self-sufficient from gas and energy reserves. EU should turn its attention to alternative energy sources, while the US should ramp up oil production instead of importing it from other countries. If they do that, most of the world's problems would be solved. Let's hope we see the light at the end of the tunnel by 2023. Just my opinion |
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What did Satoshi do by hiding his identity? He protected his life against deep state forces. He avoided personal polemics that were pointless and offensive. He gave Bitcoin to all humanity, not to one person. In fact, the desire to be known is a very strong desire. We all want to be known because that's when our lives and existences become meaningful. That's why I admire Satoshi, who undersigned a revolution like Bitcoin and concealed his personal identity. Also, I'm guessing it's Hal. I was depressed while writing these lines. Normally I'm not that emotional. Running Bitcoin...  At least, Satoshi lived a low-profile life. He didn't want to attract publicity, after all (unlike Craig Wright). Bitcoin's creator planned things thoroughly to help protect the cryptocurrency's censorship-resistance at all costs. If he would've disclosed his identity from the start, Bitcoin wouldn't have been born today. Now it's too late to do anything about it, as Bitcoin has grown too big to fail. Governments are going to need to embrace the revolution or be left behind in the dust. Cryptocurrencies with publicly-known founders/creators (eg: Ethereum) are in serious trouble as governments could prosecute them at will. Most projects reveal the team's identities to help attract VCs, but they're ultimately defecting to the regulators. Effectively, regulations would prevent crypto from achieving its full potential as censorship-resistant money anyone can use worldwide. It's a dark future ahead for altcoins, due to their decision to sacrifice decentralization/censorship-resistance in favor of cost-efficiency and high performance. With or without Satoshi, I think Bitcoin will last for generations thanks to the way it was designed. Just my thoughts |
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There is no decentralization in PoS, and never has been. This is a big myth, which is imposed on us by developers of such coins and those who actively promote them in the network. It has been noticed more than once that when some PoS coin votes, 90% of addresses belong to one or several addresses. What kind of decentralization with such distribution of coins and votes can we talk about? ETH became just as centralized after the merger. More than 50% of the network validators are owned by a few large companies.
Exactly. PoS is utter centralization at its core. It enriches whales (mainly exchanges, big companies, and wealthy investors), while leaving the little guy out of the system. ETH made a bad decision by pleasing the regulators instead of the community. Now it's going to pay big time as centralized exchanges gain control of all of the network. ETH will now become an easier target for mainstream governments who'd want to censor people's ability to participate in "De-Fi" and gain financial privacy. Instead of switching to PoS, ETH should've switched to a hybrid consensus mechanism (PoW + PoS) that would help preserve decentralization/censorship-resistance. Now it's ruined, so our only hope lies with Ethereum Classic as the original version of the ETH blockchain. No one knows what the future holds for crypto, so we can only hope for the best. Just my opinion |
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ETC has very little developer activity so it is unrealistic that it will take over.
Centralized staking services such as Coinbase face the highest risk of being regulated as securities. For decentralized staking you could argue that users are being compensated for providing security to the network and this does not meet the criteria of being a security.
That's certainly true, mate. But there's nothing stopping ETC from reaching the top if developers become interested in it. There's been a lot of criticism surrounding ETH's new consensus algorithm (especially that it sacrifices decentralization in favor of cost-efficiency), so it's likely PoW chains (with the exception of ETHW) will gain massive traction soon. Regarding securities laws, I think centralized exchanges and staking services would be the ones required to comply. Stakers (validators) earning rewards in a decentralized manner would be exempt from this. If the government does otherwise (enforcing securities laws on decentralized protocols/networks), then crypto advocates would challenge its actions within a court of law. Just because the US government succeeded taking down Tornado.Cash (even though smart contracts are alive), doesn't mean that it will be successful at enforcing securities laws within decentralized cryptocurrencies. We're going to have to see whenever ETH will succeed or ultimately fail in the long run. Who knows what the US government's next move will be? Just my thoughts |
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Bitcoin is king, and the king of kings when it comes to cryptocurrencies as far as I'm concerned. The best thing about btc is that there's no person or group running it like you see with so many of the shitcoins out there, especially the PoS ones (which I used to be a fan of).
Just take a look at all the truly awful shitcoins that have taken a beating in the past day since ETH went PoS. None of them even come close to bitcoin in terms of dominance or usefulness. Is that going to be the case forever? Maybe not, but damned if I know of a challenger with any serious credibility.
On a side note: mm2543363580, you've been reported for burst-posting. These 1xbit campaign idiots are like cancer.
There are so many coins with attractive features, but none of them are as decentralized and censorship-resistant as Bitcoin. Even Ethereum (ETH) decided to sacrifice decentralization just to please the regulators. It's all about reducing carbon emissions (energy efficiency) and enriching whales to gain all of the attention in the mainstream world. Some PoS cryptocurrencies offer holders attractive rewards just to stay ahead of the game. But again, they're missing what makes Bitcoin best (which is decentralization and censorship-resistance). I think that's why Bitcoin is still (and will always be) the most valuable cryptocurrency in the world. I wouldn't be surprised if sometime in the future, around 99% of altcoins die while Bitcoin remains untouched.  |
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Once governments themselves become decentralized, or at least something similar to it, we will never have to worry about banks or other institutions having an unfair and unjustified advantage over us in the form of arbitrary government-dictated regulation. If the people will want to have banks, they will have banks. If they do not want banks, they will not have banks. There will be no more "you need to have banks, whether you want or not". Bitcoin is the very first form of the new democracy, a true democracy. I believe this will definitely evolve into other areas other than finance in the future. Especially politics.
People will always prefer banks on top of crypto, because they're backed by the full faith and credit of the government. The public doesn't care about the negative effects of centralization as long as they get convenience in return. You can spend Fiat anywhere you want, but you can't do the same with crypto. Despite Bitcoin's ever-growing success, it's still relatively new to the world. What "kills" it is the volatile market prices. At least, people have an escape route from the traditional banking system. As long as decentralization prevails, we won't have to worry about banks taking over the world ever again. Just my opinion |
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ETC was unlike ethereum which have been massively used by people to build their platforms. ETC is not even worthy to be considered as investment. The miners are only using POW coins as a way to get cash. These POW mechanism was a garbage thing when it comes to the coin without limited supply. ETC has no total supply and it will become only a money grabber for the miners. Only people who wanna risking their money try to buy ETC in this case.
The thing that makes ETHPOW dumped so hard is if people didn't even need it caused by it has no utility same as ETC
ETC can only be considered as a speculative investment, simply because it lacks real use cases for the world. But that might change soon, as ETH's PoS upgrade (The Merge) could shift some developers' attention to the PoW chain. Those who want full decentralization and censorship-resistance would simply choose ETC as their blockchain of choice. The rest will "stick" with ETH because of its unparalleled performance and cost-efficiency. I'd say ETC will only reach $100 if there's massive demand for it. Otherwise, it won't be going anywhere soon. Higher gains could be achieved faster if BTC turns bullish. No matter what happens, I don't think ETC will disappear because it has decentralization in mind. It's the original ETH chain after all. The coin is trading between $35 - $40, so it wouldn't hurt buying at least one coin just in case it "explodes" sometime in the future. Who knows if ETC is bound to become bigger and stronger than ever? Just my thoughts |
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It is all about the marketing. ETH has many shills everywhere willing to defend their investments like it is a matter of life and death. IOTA used to have that kind of shills too but now they are all gone. I wonder why? You are right that they bring out PoS like it is the world’s 8th wonder even though it has been around for years. People are looking for any news to pump their bags now. They don’t care if the news is good or bad. Anything will do and PoS is just that. It is just another nothingburger they are hyping up. That's certainly true, mate. I think there are more shills on Ethereum than any other competing cryptocurrency project. So many VCs, institutional investors, and companies are pouring money into ETH like crazy, even though the same is heavily congested and utterly-expensive. Competing chains often have better features than ETH, but they're overlooked simply because the latter has all of the publicity. It's all a matter of marketing/promotion tactics. ETH has first mover advantage on the market, so it's unlikely it'll lose its place as the second-largest crypto by market cap anytime soon. At least, there are a wide array of options to choose from. As long as decentralization prevails, nothing else matters. Just my opinion |
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Regulations and decentralization don’t go hand in hand. If a platform is being regulated by an entity, then you can’t call it a decentralized platform. Decentralized means it is unregulated.
Can you regulate bitcoin? You cannot. Every transaction goes through no matter who makes it and everybody can create a transaction. That’s how decentralization works.
You can regulate the exchanges because you know their owners. Since nobody owns bitcoin’s blockchain, it is impossible to regulate bitcoin.
Exactly. But we all know developers use "decentralization" as a "buzz word" to help attract people into their projects. Anything that requires ID verification is not truly decentralized. I'm afraid most so-called "De-Fi" platforms will begin to comply with KYC/AML laws out of fear from the government. It's hard (or almost impossible) to find a project that's truly decentralized and censorship-resistant these days. Any anonymous developer that comes up with a new cryptocurrency or "De-Fi" platform, will be quickly flagged as a "scammer" by the general public. It's sad because this takes crypto/Blockchain tech away from its intended purpose (which is being censorship-resistant by eliminating the middleman). Of course, governments can't enforce regulation within decentralized protocols themselves. But they could try to pressure centralized service providers (exchanges, web hosting companies, etc) in order to limit or reduce people's ability to harness the full potential of the Blockchain. It'll be up to developers to make "De-Fi" platforms as censorship-resistant as possible to render governments' efforts useless. Let's hope decentralization wins for the good of crypto/Blockchain tech. Just my thoughts |
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Here we go again... 11 - Abiky Thank you! |
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You're absolutely right about your argument, merger was ethereum's biggest driver this year, arguably the biggest hope for ETH to break out this year, but it's disappointing that it didn't happen. The market is still falling and there is no sign of going up and the market will receive a new rate hike from the Fed soon, everything will continue to go down.
I expected the market to rally after the ETH event and then it would go down when the Fed raised rates but things didn't go as expected. We're almost to the end of the year, I suspect by the end of this year ETH will hit $4k, I guess ETH will have a hard time surpassing $2k this year, the $4k dream is far away.
ETH didn't experience that much of a pump in price, simply because the FED's actions (raising interest rates) are making the whole crypto market bearish. Unless the US Dollar is weakened and the global economy is restored, neither ETH nor BTC will be able to obtain a new All-time-high in price. We should take advantage of this opportunity to buy as much cheap ETH as possible before the "big bounce". While I don't think ETH will reach $4k by the end of 2022, it could reach more than that by the next bull market. I believe BTC's upcoming block reward halving might have a positive effect over crypto market prices. No one knows what will happen in the future, so we can only hope for the best. Just my thoughts |
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