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241  Bitcoin / Bitcoin Discussion / Re: BTC spot ETF: Wall Street's Trojan horse on: March 23, 2024, 02:24:52 AM
I would like to know your opinion on this issue:
  • Do you support securitization or tokenization?
  • BTC spot ETF is the maturity or degeneration of BTC?
  • Does BTC spot ETF have any negative impact on BTC and the crypto market?


I neither support the securitization or tokenization of BTC. It makes Bitcoin look like a product or investment tool instead of a currency. The approval of spot ETFs is certaintly the degeneration of BTC as it integrates itself into the corrupt financial system it was meant to replace in the first place. Large institutional investment companies will acquire all of the BTC (or most of it), leaving us with no ability to self-custody our coins (therefore increasing centralization). The network itself will remain decentralized, though. Only if most of the miners and node operators aren't owned by institutions, governments, and/or companies.

Price-wise, ETFs are good for Bitcoin because they add greater demand on the market. But they're bad because of the reasons mentioned earlier. Everybody wants to make money, so no one will care if BTC becomes centralized as long as they turn a profit. The future is not as bright as we thought it would be. Lets enjoy the ride while it lasts.
242  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now on: March 21, 2024, 07:10:11 PM
No one will know if dogecoin will retain its position as the king of meme coins but we have known one thing on this market, nothing is permanent except Bitcoin to remain at the top.

Those that have been performing well like those that have been said, they surely have been part of the market as top 100 and they're winners of this market. But you'll never know if they're going to stay there for so long because not everything that's seen to be good now will be there after this cycle.

I am starting to see a lot of recreated meme coins with almost the same name has been made like cybonk, bome, etc. But I am not going to buy them.

Why would a clone replace the original project in the future? It doesn't make any sense. All of the "meme" coins you see now are just failed attempts to recreate Dogecoin's success. They can't beat DOGE, the same way altcoins can beat BTC. I'd expect things to stay that way for as long as crypto lives. Developers are the ones getting rich out of foolish investors buying their worthless "meme" coins. It's a complete loss to be honest.

If you really want to build wealth, choose BTC instead. "Meme" coins are a gamble because they grow big and then end up forgotten and abandoned in the long run. They're only good for short-term profits. The higher the reward, the higher the risk of loss will be. Hopefully, the crypto market will mature as it moves away from hype and focuses into utility. Who knows if PEPE, FLOKI, BONK, and SHIBA's days are numbered? Cheesy
243  Economy / Economics / Re: Fix the money, Fix the world. on: March 21, 2024, 07:04:45 PM
Remember that Bitcoin is money, so the oppression you speak of wouldn’t stop but will happen in a different setting (in Bitcoin).
If we wanted to go full throttle on Bitcoin, the rich people will use their money to buy Bitcoin and they would obviously have a lot more than the poor people.
So really, nothing would change. What Bitcoin brings is decentralization; you completely own your money.

You say "Bitcoin is money", but most people don't see it that way. They consider it to be a store of value or a means to get rich quick. Just like Gold. We can blame the deflationary mechanism of Bitcoin for this. At least, there are plenty of options to choose from. Whereas BTC is used as a store of value, LTC can be used as a currency for day-to-day payments (digital cash). Neither one will fix the world, though. Especially when banks are still the dominant force of the global economy.

The gap between the poor and the wealthy cannot be corrected that easily. It's practically impossible at this point. What you should do is try to avoid the negative effects of inflation by investing in assets with a limited supply. BTC and Gold is all you need to keep you safe from decaying Fiat currencies. CBDCs are right around the corner, so expect the worse in the long run. Cheesy
244  Economy / Gambling discussion / Re: Decentralized vs Centralized Gambling....Which do you prefer? on: March 21, 2024, 06:58:09 PM
The answer is simple, people want things to be free and that's more reason why you see that despite the emergence of decentralized exchanges, people still preferred centralized exchanges. The only time you see people using decentralized exchange is when they know they can benefits from it like when meme coins were trending, lots of people tend to use decentralized exchanges just like the Solana reach highest volume on it's Dex this year and that's as a result of meme demand.

Casino are not different from this, Ethereum been the most popular is going to be a failure because of the high fees, you can't imagine wagering a game and then you are required to pay $10 for a fee to interact with a smart contract. People will lose interest unless there is something unique about the casino. I'm not sure whether even me I will do such kind of transaction for gambling, imagine wagering multiple times when you have only $100 for playing that session.

I understand people want to save as much money as possible. That's where Layer-2 scaling solutions come in. Gambling dApps can stay decentralized and cost-effective by operating on an L2 network of their choosing. Only developers of smart contracts can decide whenever they'd want to keep running their dApp on the main Blockchain or a separate, off-chain (L2) scaling solution. This is only the beginning. So, I'm confident gambling dApps will rival their centralized counterparts in the future. The sky is the limit to how far decentralized gambling will go.

It's hard to believe centralized casinos will go away after being on the industry for decades. They will remain the dominant force of the gambling industry due to their high liquidity, greater accessibility, and better user experience. The future is unpredictable, so we can only hope for the best. Grin
245  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin will FAIL on: March 21, 2024, 06:55:33 PM
What is different with doge which is not same with others? Nothing expect the fact it was the first memecoin to get attention and the timely endorsement from Elon Musk had triggered it's value else it wouldn't have achieved what it did but on a longer run why would anyone hodl Doge? Atleast I wouldn't be hodling it because let's think from investment/business point of view as any business or investor will invest only if the see growth potential due to the product or the services which the coin could provide as we cannot bank on Elon Musk forever. Doge has lost it's charm.

Dogecoin holds "first-mover advantage" on the market, so it's hard to believe a competing coin will take down its place in the future. It's like saying either ETH or SOL will surpass BTC by becoming the largest cryptocurrency in market cap. SHIBA, PEPE, and the likes are only failed attempts to carry on Dogecoin's success. You'd think someone like Elon Musk will endorse these coins? I doubt it. Without someone to "pump" them, they will eventually fade away into oblivion.

The good-old Dogecoin will survive, but don't expect market prices to stay high for a very long time. The hype is good until it lasts. If you're smart, you'd sell these wortheless "meme" coins for BTC when they go all the way to the moon. Play it safe, and there would be nothing to worry about. Smiley
246  Alternate cryptocurrencies / Altcoin Discussion / Re: Can governments crack down on crypto? on: March 21, 2024, 06:52:53 PM
The decentralization will only work when the websites, apps and other means by which they are being translated are allowed by the government. What if the government blocked that access? Including the CEX and DEX? People often believe in the DEX, but they often forget that it is also running online and it is people that would patronise it for it to function. What if it is now a criminal offence all over the world and strict internet surveillance is used?

I hope the day never comes, so we should embrace and cooperate with any regulation brought by the government, at least, it is better than losing everything.

Who said decentralized applications need the approval of the government to run or function as intended? If they do, they aren't truly-decentralized. The vast majority of so-called "dApps" rely on some kind of centralized infrastructure, so it's easy enough for governments to take action agaisnt them. When we get truly-decentralized exchanges and dApps hosted on IPFS or ZeroNet, using a decentralized TLD (ENS, SNS, Unstoppable Domains, etc), and governed by DAOs, that's when the revolution will truly begin. But I'm afraid this will become a distant dream as developers are only focused on making money. Out of fear, they will comply with government regulations. Even if that means sacrificing users' privacy and freedom.

I'm afraid centralized entities will continue to dominate the industry for as long as crypto lives. If there's only one truly-decentralized project that exists, that would be Bitcoin. The rest are compromised (ETH included). Be aware though, BTC is getting mass-accumulated by institutional investment companies. So things will only get worse in the future. It was fun while it lasted, right? Smiley
247  Alternate cryptocurrencies / Altcoin Discussion / Re: Is GRIN still a thing? on: March 20, 2024, 10:29:46 PM
I am planning to use Grin because I like the concept, and have downloaded Grin++. At a first glance it looks quite good (it's even one of the more visually attractive altcoin wallets I saw, I like the yellow-black combination) and easy to use, so I don't understand that much the problem some of you folks have with the GUI. Yes, I know it's not "official". And it seems to be at least partly based on Electron. But AFAIK on Ethereum the GUI wallets are also provided by third parties.

I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.

And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.

For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.

Crypto land is always in need of privacy coins. Each has their unique approach for obfuscating transactions. Monero may be the most popular privacy coin, but that doesn't mean it's perfect. Grin is different from Monero and has its own set of advantages/disadvantages. It's very unfortunate to see it being abandoned by the original developer. It had potential to become a great XMR alternative with its "Mimblewimble" privacy technique. Not sure if there will be a community takeover for Grin. But at least, it does the job it's supposed to.

Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best. Smiley
248  Alternate cryptocurrencies / Altcoin Discussion / Re: Selling NFTs...Where to start? on: March 20, 2024, 10:03:41 PM
For me, the NFTs I don't even want to contemplate minting whenever I stumble on tasks demanding minting them are the ones on the ETH chain. Doing anything that requires paying with ETH seems to be exploitative. Gas fees are incredibly high compared to other chains. Even a common swap, let alone bridge from any chain to ETH or the other way round, is crazy. I wish Vitalik Buterin and his team would do something about that, though 🙄

Yes. High gas fees suck. Luckily, we can mint NFTs on L2 networks or alternative chains that are faster and cheaper than ETH. If you still want to use the main Ethereum blockchain, then you'd need to wait until fees decline to make your move. Vitalik and team are forcing us to move to less-decentralized and less-secure L2 networks, instead of focusing on scaling the main ETH blockchain. Totally not worth it, imo. ETH should've separated consensus and execution of smart contracts into different layers to keep the main chain free from network traffic. Sort of how Avalanche is doing with its 3-layer design (consensus layer, execution/contracts layer, transaction layer).

NFTs usually come and go, so why bother about ETH anyways? I've chosen Polygon as my blockchain of choice for launching NFTs due to its lower fees and faster speeds. The chain is tied to ETH's network security, so I've got nothing to lose. At least, it's a better option than Solana. Grin
249  Economy / Gambling discussion / Re: Decentralized vs Centralized Gambling....Which do you prefer? on: March 20, 2024, 09:54:08 PM
When crypto becomes more popular like now, it seems it's hard to finds where we can playing gambling without KYC. When we can get one casino that doesn't apply KYC too strict, that's just beginning because when the casino grows and becomes popular, the government will takes on their eyes to that casino and will ask them to used KYC for their members. That's why we can only follow what's the rules for every casino and if we don't comfortable with the rules, we can try to search for the other casino.

Make sure you can playing gambling at the trusted casino, popular, have a good reputations so you don't have to worry if something bad happens. The governments now searching for the crypto business and trying to controls them so crypto business can just follow their rules.

It's no surprising that governments got its hands tied in all things crypto. Strong regulations forced most online casino operators to comply with KYC/AML standards. But rules don't apply to decentralized casinos. Especially if the creator is anonymous. The gambling dApp can't send profits to its creator for this to work.

With no one to hold accountable for, gamblers can place their bets in a decentralized casino without the need for KYC. I know it's hard for this to become a reality. But not impossible. Considering that centralized casinos still dominate the gambling industry, we should expect decentralized alternatives to become a niche to gamblers. At least, people have a choice. Cheesy
250  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin's comeback on: March 20, 2024, 09:40:54 PM

See this?

This is how the real world adoption looks. Litecoin has been dominating the crypto payments. It is the ultimate crypto currency till it  becomes a store of value coin like bitcoin.

This screenshot above guarantees that litecoin will always have a price support no matter what happens. It is because it solves a real world problem. People really use it to buy goods. BCH was supposed to be like this but guess what, LTC is better than BCH.

Couldn't agree more with you, mate. LTC is and will always be better than BCH. Nobody wants a direct fork/clone of Bitcoin pretending to be the original cryptocurrency. People want something different that focuses on real use cases than anything else. Despite the fact that LTC is similar to BTC, it has a few things that makes it special. The slightly-higher supply of 84m units, a different PoW algorithm, a smaller block time, and the Mimblewimble privacy feature makes LTC a good BTC alternative. On the plus side, it isn't "owned" by institutional investment companies (BlackRock, MicroStrategy) nor governments.

If people knew LTC's potential, it would've reached a new ATH by now. At least, prices are relatively-stable. With most crypto exchanges supporting LTC, nothing can go wrong. Maybe it's a "hidden gem" waiting to blossom someday? Cheesy
251  Economy / Economics / Re: Fix the money, Fix the world. on: March 20, 2024, 09:37:51 PM
This is an amazing perspective view. It is true that money may be used to enslave people, but it is enticing that technology has the capacity to change the way we think about power, wealth, and authority. One of the most fascinating parts of Bitcoin is the concept of independence, or operating your own bank. Bitcoin allows you to keep your own private information and handle your own funds, without depending on other people such as banks or authorities. This could result in a more equal and transparent banking system, giving individuals more power over their personal resources.

But when institutions amass most of the BTC, that's when you'll no longer have freedom/control over your money. The whole point of Bitcoin was to remove the middleman. Not embrace it. Unfortunately, human greed has led us to where we are today. Banks and governments win, while the people lose. By opening the floodgates to "Wall Street", Bitcoin has moved away from its original vision. Even though the network itself is decentralized, that doesn't mean big holders of the coin (whales, institutions, etc) can't influence the future direction of the project. Fortunately, the code is open source. If BTC fails, another cryptocurrency will carry on with Satoshi's original vision.

Be aware that once CBDCs take the world by storm, you can say goodbye to the crypto craze for good. It will be complete opposition against Bitcoin and its variants from mainstream governments. Don't expect the world to be "fixed" anytime soon, though. Sad
252  Economy / Collectibles / Re: [SALE] 1st and 3rd Quarter MOON Coins-Set on: March 20, 2024, 09:49:46 AM
One (x1) set for me, please. Check your PM for more info. Thanks, buddy. Smiley
253  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin will FAIL on: March 19, 2024, 02:23:31 PM
It’s amazing how everyone in the first page was saying that it is nothing but a joke and it will fail. It’s 2024 and DOGE happens to be the lead of all memecoins, It has set an example and other memecoins are trying to follow in recreating its success story. Dogecoin that was all for fun and jokes has made people millionaires. Thanks to Elon Musk though. And today, it’s beginning to be more than just a meme coin.

You can see how it takes one man to manipulate a coin to his favor. Especially if that man is a celebrity or wealthy person. Dogecoin enjoyed its golden days thanks to Elon Musk. But don't expect other "meme" coins to get that lucky, especially when they're copies/clones of the original project. They will eventually fail, leaving us with DOGE as the sole "meme" coin in the market.

People are too greedy by paying attention to worthless coins (PEPE, SHIBA) without any substance behind them. We will see many of them getting "rekt" in the long run. Considering that Dogecoin is the original "meme" coin, don't expect it to go away anytime soon. Maybe it will last a lifetime? Who knows what the future will bring to the cryptocurrency? Cheesy
254  Economy / Economics / Re: Fix the money, Fix the world. on: March 19, 2024, 02:18:55 PM
Bitcoin will not become the world's currency if it continues to be exchanged for fiat or paper money. The value of bitcoin still depends on fiat money. People continue to buy bitcoin in pursuit of accumulating more paper money. If you are wealthy, you can buy a lot of bitcoin, but if you are poor, you may have little or no bitcoin as your possession. Bitcoin will only become a currency if it breaks free from being tied to paper money. One bitcoin value should be one bitcoin or one satoshi for a tray of eggs or ten satoshis for a service. People need to stop using government issued paper money if we truly want change.

Aren't national currencies (Fiat) traded for other currencies through Forex trading? It's the same thing with Bitcoin. People trade it for the currency of their choice when they need to. I know most people don't use BTC as a currency these days. Especially when it has a deflationary mechanism. But that doesn't mean it's the end of the world. You're free to use BTC any way you want to. That's the beauty of decentralization and open source.

With some countries going as far as adopting BTC as legal tender, it should only be a matter of time before the world uses it more throughly as an alternative currency to Fiat. This is just getting started. Just buy, "hodl", and forget about the rest. Wink
255  Alternate cryptocurrencies / Altcoin Discussion / Re: Can governments crack down on crypto? on: March 19, 2024, 02:15:20 PM
Yes, governments can easily disrupt the crypto market. They can simply impose taxes on your accounts, ban some major markets, or declare cryptocurrencies illegal assets. Moreover, they have many ways to track you even if you try to use crypto behind their backs. So, we hope governments play fair and don't interfere with us right now.

Then what's the point of decentralization and censorship-resistance if governments make crypto illegal? Crypto will survive, but people using it will be at risk of getting jailed or fined by the government. Imagine what would happen if all of the world's countries ban crypto/Blockchain tech. Market prices will decline at a very fast pace. After all, institutional and retail investors are the ones who move the crypto market to new heights. Without them, crypto will only remain a "niche" to the general public.

Like it or not, crypto needs the government to grow. With legalization of the crypto industry, market prices will stay high for a long time. Nothing is set in stone, so lets hope for the best. Smiley
256  Economy / Collectibles / Re: [Question] "In Code We Trust" Silver Rounds on: March 18, 2024, 03:02:58 PM
They were intended just to be silver rounds/tokens...not wallets.
None of them came with holograms.
I wouldn't over value these as there are tons of makers who make generic crypto rounds like this

Oh yeah. With cheap clones on the market, I wouldn't expect the original ones to rise that much in value. They still make good stocking stuffers, though. I love collecting silver, so I wouldn't mind if they come with or without holograms. Thanks for the advice, mj! Smiley


if you look at the back, you would see that a holo placement would not be ideal with the raised text

Of course. Great observation, Mopar. I'd just keep mine (blank) as is. They're silver rounds, so at least they have some value. Grin
257  Economy / Collectibles / Re: [Question] "In Code We Trust" Silver Rounds on: March 18, 2024, 12:40:51 PM
Those look like the Lealana coins, but as far as I remember they came with holograms (and were usually loaded). These might be AliExpress copies (example).


EDIT: Had a chat with MJ and these are made by Golden Eagle Coins. They made maybe 6 or 7 different ones.

The mintage is probably a 1000 coins, seeing how the Bitcoin variant still has 664 in stock.

Gee, thanks pal! I've been having a hard time finding these on both eBay and Amazon. I don't have the BTC one listed on Golden Eagle Coins, so I'll be adding it to my collection before it's sold out.

Never thought they could be used as DiY cold storage wallets, though. Mine came blank without any holos. But I guess that's because I've bought them from eBay. If mintage is low, these could sell for a higher price in the future. Wish me luck! Cheesy
258  Economy / Collectibles / [Question] "In Code We Trust" Silver Rounds on: March 17, 2024, 06:07:21 PM
I have a few of these in my collection which I want to know more info about. To refresh your mind, here's how they look like (front and back):






Can anyone tell me how many designs were released? Also, what would be the mintage numbers?

Your input would be greatly appreciated. Thanks in advance. Smiley
259  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now on: March 17, 2024, 11:56:56 AM
I think that until now Doge remains the king of meme coins because so far there has been no meme coin that can beat Doge in terms of market capitalization and popularity. It is very difficult to replace Doge as the king of meme coins because Doge was the first meme coin and was the beginning of the creation of meme coins.

Lets not forget that Dogecoin also has Elon Musk's endorsement. This should keep it afloat for quite some time. The rest of the other coins are trying to carry on with Dogecoin's success. But they will eventually fail. After all, they "can't beat the real thing". I hope the crypto market becomes mature enough where "meme" coins and speculative NFTs are no longer its driving force.

With serious projects laser-focused on real use cases, the crypto industry could reach new heights. I'd try to avoid "meme" coins like the ones mentioned by the OP, just to be safe. It's not always about making money, anyways. Grin
260  Economy / Economics / Re: Fix the money, Fix the world. on: March 17, 2024, 11:25:32 AM
According to me the difference and inequality between rich and poor can never be controlled. We are thinking that through BTC this inequality can be reduced or controlled but the problem is that money has to be used to buy BTC as well. That means people with more money will be able to buy more BTC and people with less money will be able to buy less BTC. Again, there are many people who are not interested in investing in BTC and prefer fiat currency savings or investing in fiat currency. Many people who invest in BTC will withdraw their investment from BTC when the value of BTC is too high.

I get your concern. Especially now when most wealthy companies, institutions, and/or individuals are acquiring large amounts of the circulating supply. If this keeps up, the "average Joe" will be left behind in the dust. Things are worse when network fees skyrocket. Developers claim the Lightning Network is a solution to Bitcoin's scaling problems, but I fail to see how that's the case when you still need to make an on-chain transaction to open/close a channel on the LN (where high fees can't be avoided).

It would've been best for BTC to gradually increase the block size to establish a balance between decentralization and scalability. Forks like BCH and BSV have a higher block size, but they're centralized because they did it "all in one go". If they would've taken the "slow and steady" approach, they would've stayed decentralized by now. Only time will tell us if Bitcoin will be able to fix the world. Sad
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