Pardon my ignorance, but which countries besides El Salvador and perhaps the Central African Republic have come so far as to declare bitcoin a legal tender on their territories? And the follow-up question would be like this: Does bitcoin actually need the government's approval to become a widely-used currency? I mean those legal tender laws were designed to coercively impose on people fiat currency that naturally has terrible monetary characteristics because it is being printed up out of thin air, and therefore its supply gets continually expanding. In contrast to fiat currencies, the issuance of bitcoin is algorithmically determined, which means each participant on the market knows in advance what the actual supply will be, and they can make a thoughtful economic decision based on this knowledge. But what is more important in this case is that bitcoin value (or, to put it precisely, bitcoin price) is determined by the fundamental laws of the free market, namely supply and demand. There is no place for government coercion in such a market, all attempts to control attitude toward bitcoin via rules like legal tender laws only distort briefly economic reality, which in turn is trying constantly to come to an equilibrium where supply meets demand to clear the market. It is important to realize that a world where bitcoin is a globally accepted currency is also a world in which no one particular has control over the such currency. All attempts to "legalize" bitcoin via legal tender laws are nothing else but the government's approach to making people believe government can control bitcoin, while in reality, they only reconcile with the inevitable.
Bitcoin doesn't need the government's approval to survive. Making Bitcoin legal tender would only increase mainstream adoption, as institutional investors and VCs join the game. But even if Bitcoin is "outlawed", it would still be possible to use it because of the way it was designed. Of course, one would need to be careful when deciding to get into the Bitcoin game in a country where it's been proclaimed as "illegal". If you get caught, you could easily face prosecution from the government (jail time, fines, etc.). To say the least, Bitcoin is NOT a currency adopted by governments worldwide, but it's a global currency because anyone can use it with an available Internet connection. I don't mind about Bitcoin becoming only an alternative than a replacement of the existing Fiat system, as long as it works as intended. Who knows if Bitcoin is still with us decades from now? Just my thoughts  |
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Both have upsides and downsides based on my experience in doing transactions with them. What I like for both MATIC and SOL is that both have extremely cheap transaction fees.
As for the downside, MATIC sometimes is subject to network congestions that would lead to the transaction being delayed either for participating in token sales, buying an NFT, etc. As for Solana, they have numerous network outages from time to time.
So for now, I remained both neutral in both of them.
We should look more into the cryptocurrency's stability/reliability rather than the features it provides. Despite Solana being extremely fast and cheap to use, it's not a coin you can trust for the long haul because of its unstable Blockchain network. MATIC is a much better option, because it makes a balance between decentralization and scalability. One project worth mentioning here is Avalanche. It's a smart contract platform that's compatible with the EVM (just like MATIC), but takes a different approach to scalability. I think both AVAX and MATIC are extremely undervalued considering their potential to change the "De-Fi" space for the better. I don't get why Solana is still among the top coins in market cap, after all it's been through since its inception. Constant network outages and hacks would force anyone to get out of the SOL "blockchain" as soon as possible. Yet, whales are "pumping" it for some reason. At least, everything is open-sourced these days. If Solana fails, there's nothing stopping the community from creating a fork that puts decentralization above all else. Just my opinion  |
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If it reached $0.73 during its hype, there's a huge possibility that it could surpass it and reach a better value when the market recovers. There might be people who can't see its function since it was made as a meme coin, but it's still a good thing to take advantage of its fame and hold it since it's a very active coin. We might fear the manipulations of huge personalities on this coin but we should learn to see that as an opportunity to sell our Doge assets again and make a good profit.
DOGE reached close to $1 during the "Elon Musk craze", so anything's possible. While I don't expect Dogecoin to retain its value over the course of its lifetime, it won't be going anywhere thanks to the community backing it every step of the way. The "meme" coin is one of the oldest ones on the market right now. It's far better than Shiba Inu, and all of those clones being released on a daily basis. All in all, DOGE is an extremely-risky investment due to its constant ups and downs in price. Which is why I'd recommend anyone to proceed with caution. No one knows what the future holds for the entire crypto/Blockchain space, so we can only hope for the best. Just my thoughts |
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Bump. Still looking for this beauty. |
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I'm looking for the "Orange Bitcoin Certificate" released by Polymerbit some time ago.  Picture courtesy of cyganIf you have one for sale, let me know your offer by replying to this thread or sending me a PM. I will take the best deal. Shipping would be to the United States. Thanks for looking. |
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These fine silvers look great. Just sent you a PM, MrCryptHodl. Keep the new collectibles coming!  |
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Holding altcoins to want to become a millionaire is the mistake of many investors, But then we'll all realize one thing, we're all wrong, there are very few coins that can recover from a drop after the drop, other than bitcoin and ethereum there are no other coins that can do so.
Altcoin investing should be considered as a short term investment, take profits as soon as possible and once you have taken profits, never look back, new opportunities are always available in the market.
Altcoins are a much riskier investment than Bitcoin due to their highly-unpredictable nature. Most of them are driven by hype/speculation, so prices can either go up or down in a blink of an eye. Remember, not all that glitters is gold. Just because an altcoin is "pumping" like crazy or gives huge returns doesn't mean that it's worth the investment. People only think about the money so they quickly invest into highly-rewarding altcoins (mostly "meme" coins) with the hopes of becoming rich within a short amount of time. But that's not the way it works. No one really knows when a cryptocurrency will "pump", since the whole market behaves in many strange and bizarre ways. You just sell whenever you see there's a bull market run, and then buy when it's all the other way around. 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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it is up to the government, the government is the one who runs and manages a country, they are the one who decide what is used and what is not used in their country
many people do not know bitcoin or they are not willing to learn about bitcoin because of the warnings from the government, as long as the government accepts bitcoin everything will become easier with bitcoin
Governments are the main obstacles preventing Bitcoin from reaching worldwide adoption. They implement strict rules that would force the average person to stay with Fiat. Governments do this because they want to stay in power. Otherwise, it would mean the end of Fiat for good. Despite the setbacks, adoption for Bitcoin has been growing at a slow and steady pace. Fiat's inflation rates are rising like crazy in some countries, so it should only be a matter of time before Bitcoin becomes the standard unit of account. As it's said in the real world, "if you can't beat them, join them". I think governments will ultimately give up on their quest to "destroy" Bitcoin and instead join the revolution. Who knows if mainstream adoption explodes like crazy within the not-so-distant future? Just my opinion |
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Indeed, I wouldn't be surprised that Doge will continue with bitcoin and ethereum will continue in the future. The top altcoins from 2013 up to now, such as Namecoin, EOS, LISK… have been unable to hold their positions and are almost forgotten in the market. But look how Doge is still growing and supported by a huge community despite not having any utility in the first place. Without Elon there wouldn't be the extreme hype of 2022 but doge would still have an place on the crypto map.
Old coins are often forgotten because people move on to the next big thing in crypto. The only exception would be Bitcoin, Dogecoin, and Litecoin since they were the pioneers of this movement. It's surprising to see a coin that was once created as a joke, to be taken seriously by mainstream investors and traders alike. Unlike Shiba Inu, and other "meme" coins, Dogecoin has its own blockchain network with its own set of rules. You don't have to worry about paying exorbitant fees, because the Blockchain itself is free from network congestion (as far as it goes). SHIBA is tied to the ETH chain, so high gas fees on the latter would affect SHIBA's ability to reach the masses. I'd say Elon Musk did well on patronizing Dogecoin, as the "meme" coin reached a wider audience during the course of 2021. There's renewed interest into Dogecoin, so it's likely developers will continue to work on it until it becomes a "force to reckon with". Considering that DOGE's been doing well since day one, I think it will be with us for generations. Just my thoughts |
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It has not been proven that the use of bitcoin is committed for crime, from the cases that have ever existed, it shows that it is not in large numbers, in fact fiat currency also dominates crime when compared to bitcoin, this does not make sense to outsmart the reasons for crime.
But the fear of losing control of financial activities, this is a little more reasonable, but in my opinion it is not the finances of the citizens, but rather the local government, because if the reason is citizens, at this time we have adopted bitcoin in the application of investment or financing of certain goods and services.
Criminal activity involving bitcoin is very small according to my knowledge?
Criminal activity on Bitcoin may be small, but governments don't care because all they want is to stay in control. Something that's decentralized and censorship-resistant takes the power away from the governments and central banks and gives it to the people. That's why we've seen constant opposition towards crypto/Blockchain tech these days. Even countries that are "friendly" towards Bitcoin and other cryptocurrencies have very strict rules (mainly the US). We will never replace the current financial system if governments are in the way. Because Bitcoin has so many enemies, it will only remain as an alternative to Fiat for generations. We're going to have to see if people will still be allowed to use Bitcoin after CBDCs become a reality. China and Russia "banned" Bitcoin after launching their own CBDCs, so my guess is that other countries will do the same to stay in power no matter what. Let's hope Bitcoin stays decentralized so nothing could stand in its way. Just my opinion |
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Ideally, all developers and the team of decentralized applications should be anonymous, otherwise all decentralization will eventually turn into centralized. As for mixing, as long as there is a need for anonymity, such services will continue to work, but at the same time they will become inaccessible to control.
Tell that to Ethereum which has a publicly-known founder (Vitalik Buterin) and developers. How can Web 3.0 achieve its full potential if developers' identities are not anonymous? The same way the US government was able to easily take down the Tornado.Cash mixing protocol (even though smart contracts are still running on the ETH blockchain), the same could happen with ETH if the government deems it as a platform for money laundering and tax evasion. Could you imagine if Vitalik goes to prison just like Tornado.Cash's developer? It would be a complete disaster for ETH. I think that's why Bitcoin's Satoshi Nakamoto didn't disclose his identity. He wanted protect himself (and the project) from government prosecution. Unless crypto/Blockchain developers put decentralization/censorship-resistance first, the whole industry will be doomed. It will be controlled by venture capitalists (VCs) and institutional investors, making crypto no different than traditional banking. If the US was able to successfully sanction a "decentralized" mixing protocol, imagine what would be of other non-custodial mixers and privacy coins? Just my thoughts |
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I don't think it was deliberate, it was just a response to the times BTC was born into. Anyone that had any new idea that went against the grain was hunted down be it literaly by the police (think Silk Road Ulbricht a few years after) or by attourneys (P2P platforms some years before), and there was no benefit for reveling your identity. On the downside, it kinda created some sort of a cultish figure in the comunity, and that's never a good thing.
It's a good thing Bitcoin was created by an anonymous person, or governments would've already destroyed it. With what happened with Tornado.Cash lately, crypto's vision of being a "censorship-resistant" kind of money would be put at risk. It's very disappointing to see so many Blockchain projects with publicly-known developers and/or founders. I know they want to attract VCs and institutional investors, but they're ultimately sacrificing censorship-resistance and decentralization. You can see how the easily the government has been able to catch a developer of the Tornado.Cash mixing protocol. Things would've been different if he would've been an anonymous person. Ethereum could be doomed as well, since the founder is widely known by the public (which is Vitalik Buterin). What makes you think someday governments will hold Vitalik accountable for creating a platform which encourages "money laundering" and "tax evasion"? The same could happen with any other crypto project with known developers/founders. At least, Bitcoin won't be going anywhere soon. Who knows if 99% of alts die while Bitcoin remains the "only kid in town"? Just my opinion |
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Or better yet, bitcoin invest is the better option to fight this inflation. As what we have been teach, at least save 6 months of money as buffer, in case some kind of emergency sets it. But the pandemic is very different though, no one was ready and it 's effect still lingers despite it being controlled now. So our money is useless and it's better to invest it somewhere like bitcoin or gold, or even diversify to stocks. We don't want to get caught in this inflation, so we need to react.
With every pandemic, comes an economic recession. It'll be up to us to act quickly by investing in safe-haven assets to help protect our purchasing power as much as possible. Governments will continue to print more money in order to artificially "pump" the economy. This translates into inflation, greatly affecting the average consumer. Despite the recent downturn of the global economy, Bitcoin hasn't moved anywhere (even though prices relative to Fiat declined at a very fast pace). It's censorship-resistant money no government or third party can take from you. I think Bitcoin is even better than Gold because its portable and its supply is predictable. People just haven't noticed its true benefits yet. At least, we won't have to worry about inflation with Bitcoin as an alternative to the current monetary system. Just my thoughts |
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I am not a bagholder of Tron and neither am I supporting any altcoin in general, however, you should not make such comments just out of hate, this is a forum for discussing about opinions, not spread hate-speech. You could tell us why you think Tron is bad or why its tech is bad - I am sure many users would agree with you. Also what is ancient is bitcoin, not any altcoin, so you are wrong with that statement. Because the altcoins are mostly surviving on pump and dump, dont assume every tron holder to be a big supporter of their tech or vision. Most users are looking for a quick flip to make some quick cash only. TRON's tech is good, but it lacks innovation compared to other cryptocurrencies being traded on the market today. I'd say development for the smart contract platform is virtually non-existent, as Justin Sun and his team has only focused on the marketing/promotion aspect of the project. They've been hyping it since day one, without actually focusing on what matters most. I guess that's why mainstream developers haven't found much interest in launching dApps on the TRON chain. There are quite a few good tokens that can be transferred practically for free on TRON, but you'd get a lot more liquidity and a plethora of dApps to choose from on ETH and its competitors. One thing that I've noticed is that TRX is still trading on the market despite lack of interest among the general public. There are prominent Super Representatives (Validators) supporting the TRX chain (eg: Binance, Poloniex), so there isn't any indication TRON will die anytime soon. As long as money moves around TRX, we can be sure it will be with us for quite some time. Just my thoughts |
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Scott Redler, chief strategist officer at T3 Trading Group, argues that the price of Ethereum (ETH) is on course to hit the $2,100 level. If Redler is correct, his bullish price target means that the second largest cryptocurrency is on track to spike by another 10%. The technical analyst is confident that the second largest cryptocurrency may march higher after it recently cleared the $1,792 level. Holding above that pivotal price point could subsequently open the door to the $2,100 level. In addition, Redler believes that Bitcoin is on its way to reclaiming the $26,000 level. Ethereum recently experienced a significant relief rally in the run-up to the highly anticipated Merge event. Goerli, the last of the three testnets, successfully transitioned to proof of stake earlier today, which was the final test before the Ethereum mainnet finally merges with the Beacon Chain in September. Leading cryptocurrencies also benefited from cooler-than-expected inflation data, together with U.S. stock and bond prices. Read more on U.Today https://u.today/ethereum-eth-on-its-way-to-2100-top-trader-saysThe cause for ETH's pump is non other than the upcoming merge to Proof-of-Stake. I don't get why there's a lot of hype with this, since we've already had PoS coins in the past (way before ETH announced it). Whales might pump ETH's price to $3k if the whole market turns bullish as a result. For early holders of ETH like myself, this is a great opportunity for profit. Yet, a high-priced ETH will only reduce people's ability to run their own validator nodes when the network transitions to PoS. I know there will be staking pools letting you to stake less than 32 ETH, but you wouldn't be directly supporting the network's consensus this way. Only those that are running validator nodes will get a big piece of the pie. ETH seems to be heading towards a path of centralization (especially when some "dApps" decided to blacklist addresses that were tied to the Tornado.Cash mixing protocol), so I guess BTC will be the only choice left for us to achieve true censorship-resistance and decentralization. Just my opinion |
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This just tells us the switch to CBDCs is inevitable. Russia is following its neighbor China by adopting a digital currency system of its own. Other countries are exploring the possibility of launching CBDCs to the public (like the UK and Japan), so it shouldn't be long enough before paper money (and possibly credit/debit cards) will be phased out for good. While it the transition from physical Fiat to digital Fiat may seem like a good thing, you'd be sacrificing privacy for convenience in the long run. It'll be the perfect system for governments to track and trace every person's financial activities at will. Perhaps, they will even implement an "auto tax" feature that will automatically deduct taxes from the income you receive. As I've said before, there will be no privacy on such a system because everything will be highly visible by governments and central banks alike. It's yet to be seen whenever governments will still allow crypto to be used alongside Fiat (CDBCs) or all the other way around. We've already seen what China did against Bitcoin after it launched its own CDBC, so it's likely other countries will do the same in order to prevent people from getting financial sovereignty. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts |
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Paid Another successful payment received. Thank you very much DogecoinMachine and Crypto.Games team! |
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There will be demand for MATIC when more developers come to develop projects on it. The pump this year started with Disney partnership I guess, this is just one for now. $20 could be achieved easily. Anything that Solana have done can also be done right on Matic. All that is needed is the bull market and it will be non stop.
Not only the Disney partnership, but also Coca-Cola announced that it will be launching NFTs on the Polygon chain. This should continue to increase mainstream adoption/awareness for MATIC, resulting in higher prices over the long term. I'd say the cryptocurrency is pretty cheap considering all of the features it provides. It's often a better alternative than Solana because of its focus on decentralization and censorship-resistance. While whales keep SOL at the top, people will ultimately switch to MATIC because of the constant network outages and vulnerabilities on the Solana "blockchain". I think it's likely MATIC will reach $20 within the next few years if adoption continues to increase at a slow and steady rate. It could happen earlier if Bitcoin goes extremely bullish. MATIC is still trading below $1, so I wouldn't miss this opportunity to grab more coins at a discount before it's too late. Just my opinion |
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US dont want to associate their people or traders affiliated to thise mixers like tornado cash but for me, they cant stopped them, they will just use it again probably use different account or use another network or vpn to keep using tornado cash.
Actually mixers are being used illegaly thats why they are being like that. Well who dont gonna get alarm right? Lets agree to disagree, some uses it for privacy but with its particular usage, scammers gonna love that.
The protocol itself is open source and decentralized, so anyone can easily "revive" the mixer if there's enough interest into it. However, for some people, it may not be worth the risk as they could easily face prosecution from the US government (either through the US directly or through an allied country). While I don't support money laundering, the fact that the source code was removed from GitHub should be a reason of concern for both privacy and decentralization advocates. The government could easily shut down other mixers or "De-Fi" platforms if they're hosted on centralized servers. To achieve true decentralization and censorship-resistance, decentralized applications' web interface (mixers, lending protocols, etc) should be hosted on P2P networks (eg: IPFS) and use a decentralized domain name (preferably on-chain like ENS or Unstoppable.Domains). Even the source code should be hosted on a decentralized alternative to GitHub such as Radicle. But developers don't care about true decentralization these days, because they're only thinking about the money. Not only that, but making something completely decentralized would not be as easy to use for the average person. Recently, the US' Secretary of State hinted the possibility of taking down other crypto mixers as well (read his tweet here). If decentralized isn't prioritized, then I'm afraid I'll be the end of ChipMixer, CashShuffle (BCH), CashFusion (BCH), and even privacy coins like DASH and Monero. We're going to have to see how this will end as crypto/Blockchain tech becomes more popular by the day. Just my opinion |
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It's literally never that reason. It's always about control and money. I'd respect these governments if they were at least honest about the reason. "Hey, we just dont want the common man becoming financially independent because we have less control over them that way and it upsets the ruling class. Nothing personal"
Instead of this bullshit about OUR safety...
Governments don't want to reveal their true intentions, in order to give people the perception of safety/security. If they did tell the truth, then people would've been panicking all of the time. We all know the main reason why countries ban Bitcoin. And that's because they don't want to lose control over people's lives. Something that's decentralized and censorship-resistant, could threaten the very existence of traditional Fiat currencies. While Bitcoin's been extremely popular, it hasn't replaced Fiat yet because governments have been trying to keep it afloat. They try to undermine Bitcoin in order to drive away as much people as possible from Bitcoin. At least, we can be confident Bitcoin won't be going anywhere thanks to the way it was designed. Decentralization is still winning, despite failed attempts to centralize everything. 99.99% of "shitcoins" will disappear, while Bitcoin will grow bigger and stronger than ever. As long as the majority stands with Bitcoin, there should be nothing to worry about. Just my thoughts |
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