If tether really did printing USDT from thin air and it caught by the goverment. It will make USDT zero value and whole crypto market will be colapse, many exchange and people suffer losing money. It could be bugger accident then Mt goxx got hacked.
If Tether is the next Mt. Gox then what is the best preparation for it? Will decentralized Dai crash to 0 too?
I still believe in USDT, I think it is the most trusted stable coin to use now. So far, I have no problem using USDT, instead I can take profits from this coin in the current correction. While other coins drop in this current correction, USDT improved its price. It is a very proper stable coin to choose if you want to secure your assets if you hear there will be an upcoming correction. It is also easy to transfer because almost all exchanges have USDT in their market.
I understand USDT is good for now, it works well, good volumes, more trading pairs. However... I'm looking for a stable coin that is decentralized, trusted and wont crash to 0 when the fed regulators find out scandals with it. I'm not saying that I know all USDT tokens are not backed by paper dollars as that be a unproven allegation now, but I'm saying I don't want to take a risk if the regulators do find out that all USDT tokens are not backed.
the function of a stable coin is not much different from the others, it's just that the price between stable coins may differ by a few cents in each market and from what I see USDT and USDC are stable coins with the largest market capitalization, so the volume of the two coins is already very large and maybe arguably the most trusted stable coin.
Volume doesn't make it automatically trustworthy. Onecoin had lot of volume back in the day for example. Just because everybody is using it doesn't give it trust especially if its centralized. [moderator's note: consecutive posts merged] |
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Is Coinomi still the best non-erc20 multi-crypto wallet out there or is it out of date and now there is newer better/tech trends than Coinomi and if so what are they? The best wallet is a subjective and personal opinion. You can still use Coinomi or try Trust Wallet, Guarda, or Exodus as multi-coin options. Any decentralized non-erc20 multi-crypto wallets out there that support loads of non-erc20 cryptos? Is coinomi centralized? We don't refer to wallets as centralized or decentralized. Wallets are custodial or non-custodial. A custodial wallet controls the private keys, whereas non-custodial wallets allow users to access their private keys. Trust Wallet supports ether and ERC-20 tokens. Guarda as well, but I don't know if Exodus does. Check their official website. How do you deposit USDT in Coinomi and are fees cheaper via OmniLayer USDT or Ethereum USDT? You click on add tokens, select the blockchain you want (Ethereum, Omni, or Tron), enter USDT in the search field, and follow the rest of the steps. Does coinomi support Tron USDT? Yes, check the answer above on how to add USDT as a TRC-20 token. What is this Meta-Mask? It's a web wallet and interface similar to MyEtherWallet that supports ether, ERC-10, and ERC-20 tokens. Basically whats the best decentralized non-erc20 multi-currency wallet out there that supports loads of non-erc20 cryptos? I mentioned three wallets that you can try above. Thank you for explaining. Yeah I know Coinomi also supports ERC20 tokens. Do you roughly know how many non-erc20 coins that Trust wallet, Guarda and Exodus support each? Which wallet supports the most non-erc 20 cryptos? Great when sending USDT to Coinomi which is the cheapest fee now, is it sending by Tron, Eth or Omni? You sure Coinomi support Tron USDT? It says on their site they don't. Which multi-crypto wallet has open source code not closed source code? Finally if I sent USDT via Eth, Tron or Omni then am I required to have these coins/tokens too to cover the sending fees? |
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Hi coming back here....
Is Coinomi still the best non-erc20 multi-crypto wallet out there or is it out of date and now there is newer better/tech trends than Coinomi and if so what are they?
Any decentralized non-erc20 multi-crypto wallets out there that support loads of non-erc20 cryptos? Is coinomi centralized?
How do you deposit USDT in Coinomi and are fees cheaper via OmniLayer USDT or Ethereum USDT?
Does coinomi support Tron USDT?
What is this Meta-Mask?
Basically whats the best decentralized non-erc20 multi-currency wallet out there that supports loads of non-erc20 cryptos?
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Okay to confirm my understandings of this thread so far, please correct if I'm wrong:
- USDT, USDC, BUSD and such are centralized stable coins and possibly crash to 0 if regulators find out its not backed by 1:1 with the fiat $dollar?
- DAI is the most reliable stable coin because it is decentralized and backed by Eth smart contracts?
If both statements are true above then that makes Dai the most trustworthy stable coin regardless of volume right?
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I'm from UK and Poloniex is in USA I believe.
Several days ago Citigroup loses bid to recover $500m sent to funds by mistake [1]. Generally, unless you withdraw currencies from your account, according to terms of use, they can freeze your account and stop the payments. Withdrawing huge sums from a hot wallet is not easy, your account will be frozen and make sure that all payments are correct, so the probability of withdrawing 1000 BTC that was sent to you by mistake is zero. Also, many platforms tighten withdrawals to ensure that your account has not been hacked. So hypothesis for a huge amount has 0% odds. As for the small sums, they can hire a lawyer and take it back.  [1] https://www.ft.com/content/de433d55-5cea-4929-9954-c08e5b98f004Its not bitcoins but an altcoin that is worth about around $5k now. I was giving bitcoins as an example. Have I violated Poloniex User Agreement in their User Agreement? Can a exchange reverse transactions with cryptocurrency? For example if I withdrawn coins to Bittrex from Poloniex, can poloniex reverse the transaction a couple of weeks later after withdrawal or do they have the legal right to liaise with Bittrex exchange to get them to recover or liquidate my assets on Bittrex to cover their mistake? Can a exchange find out which wallet or exchange it went to by looking at the blockchain explorer? |
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I fully verified on there back in 2017.
Yes coins have been withdrawn.
What can they do to me? What power they have?
If its their mistake then its a loss for them since its just normal for you to pull off those coins as it should be and now asking to give it back? Its up to you if you would really follow it through but how in the world would you consider such stuff? Cherish those coins you do had.  Yes they asking for them back threatening me. |
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I fully verified on there back in 2017. Yes coins have been withdrawn. What can they do to me? What power they have? |
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Problem with Ethereum now is its high gas fees due to its network congestion and Eth 2.0 that should fix these probs will take another 2 years to release  Are all projects built on Eth moving to Binance Smart Chain because fees there are cheaper? Lastly what's up with Solana SOL coin  Why it has the inverse correlation to the whole crypto market dumping except SOL that is going to the moon. SOL has a low supply in millions not in billions or trillions. I'm only interested in low supply coins like SOL that can moon. Its impossible for ADA Cardano to go go $100 each for example because it has a huge supply. If ADA has supply in millions then it would be worth $100 each. Basic economics right? |
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Hello, Poloniex said that they credited/deposited my account with coins by mistake Lets say Poloniex credited my account with over 1000 Bitcoins and a day later I withdrew them and liquidated them elsewhere and bought other coins with it because I assumed it was a free airdrop or reward in my account or whatever promotion I see all the time on exchanges because I see free air drops of new coins in my other exchange accounts few times a year so I assumed these new coins in my Poloniex account are legally mine. I'm from UK and Poloniex is in USA I believe. Poloniex saying they will get authorities involved  What is Poloniex Terms of service/User Agreement regarding coin deposits and legally speaking who is liable for what if this turns into a civil legal matter? |
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Looks like IEO's are making a comeback from 2019. Just look at Binance Coin BNB & Exchange coins  I thought 2021 will be the year of NFT's |
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The 2 most valuable things ever in the universe is the two T's that is Truth & Time.
The truth is the Bitcoin ledger, it cannot be edited or manipulated by someone. Since 12 years ago there's hasn't been 1 transaction mistake in the bitcoin ledger or someone who has fraudulently edited the transaction amount in the btc ledger.
Bitcoin is based on Mathematics fundamentals and for example we can all agree that 2+2=4 with no debate or argument to it from whatever skin colour or religion you are because its the truth and a fact answer that will never change in time.
With Gold for example If I wanted to buy Gold off you and you offered to sell I wont give my money to you straight away because I don't trust you by default hence I get the gold checked and verified to see whether the gold is real not fake before handing my money over to you. Trust is already there in Bitcoin and Time is verifying that trust.
However Time is limited, nothing lasts forever not even Bitcoin. Hence Time is so valuable but without truth theres no time and without time theres no truth.
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At last. Welcome to world adoption. Bitcoin broke 1 trillion dollars in market cap and smashes through $56,000USD as well. With great power comes great responsibility as large investors are HODLing, and small investors probably feel more security than anytime before. But, what about correction?
Many early adopters will surely take profit soon and with Bitcoin hitting a milestone like 1 trillion marketcap, a correction won't be too far away I guess. I also don't think that were at the point of world adoption yet. It's not even that popular yet. There's paypal already and I think in the near future Mastercard but world adoption is still far since some countries are even looking into banning it i.e India. 1 trillion marketcap is undoubtedly a remarkable milestone which will only drive more investors into the crypto space. Governments can ban and make bitcoin illegal but they did the same with drugs but I didn't see the global drug black market going to 0 after governments made drugs illegal. If governments made drugs legal the price of drugs in the black market will collapse and put all drug dealers out of business. In fact banning bitcoin will make bitcoins even more expensive as it will migrate to the black market where the risk of being caught transactions will demand a much higher premium like drugs. Banning bitcoin is futile and people will still use it. The only way For Governments or Central Banks is to kill Bitcoin is shut off the Internet worldwide or somehow borrow a Quantum Computer off Google to bypass the Bitcoin Encryption quickly. Talking of Quantum Computers who owns them in this world? I hear Google owns one right?
The 2 most valuable things ever in the universe is the two T's that is Truth & Time.
The truth is the Bitcoin ledger, it cannot be edited or manipulated by someone. Since 12 years ago there's hasn't been 1 transaction mistake in the bitcoin ledger or someone who has fraudulently edited the transaction amount in the btc ledger.
Bitcoin is based on Mathematics fundamentals and for example we can all agree that 2+2=4 with no debate or argument to it from whatever skin colour or religion you are because its the truth and a fact answer that will never change in time.
With Gold for example If I wanted to buy Gold off you and you offered to sell I wont give my money to you straight away because I don't trust you by default hence I get the gold checked and verified to see whether the gold is real not fake before handing my money over to you. Trust is already there in Bitcoin and Time is verifying that trust.
However Time is limited, nothing lasts forever not even Bitcoin. Hence Time is so valuable but without truth theres no time and without time theres no truth.[moderator's note: consecutive posts merged] |
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Time to reach $1 trillion market cap:
Bitcoin: 12 years
Google: 21 years
Amazon: 24 years
Apple: 42 years
Microsoft: 44 years https://twitter.com/JonErlichman/status/1362793068794159107
snip
your question is too skeptical....where did the additional funds come from, no one knows, just relax in your seat. bottom line Bitcoin capitalization won't stop at $ 1T, it will continue to increase. That's a phenomenal achievement for Bitcoin. At this rate it will take no.1 rank on this list very soon! or after the next bear market : https://8marketcap.com/ |
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Okay im looking at marketcaps to compare and see where markets can go.
Billionaire Peter Schiff saying gold can go to £3000 per oz but gold market cap now is above $11trillion at around $1700 per oz of gold now. So if Gold doubles in price to $3000 per oz then realistically can gold marketcap double to $22 trillion in a short time frame? I ask because it took gold tens of thousands of years to reach $11trillion marketcap today. If it took so long for gold to reach $11 trillion then why should a marketcap of any market double it in such a short amount of time?
So based on marketcap can bitcoin double its marketcap in short time to $2 trillion resulting in $100k per btc this year?
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Okay anyone good with maths here can answer this?
What if Bitcoin had a Billion Max supply yet instead of 8 decimal places to lowest 0.00000001 it has 6 decimal places that is 0.000001?
Why 8 decimal places? Is it because in computing we move in even number bits, like 8-bit, 16-bit, 32-bit, 64-bit or whatever and there cant be a 6-bit/decimal place?
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Apple has issued 17 Billion Shares, which should be enough to go around for everyone in a capitalist environment. But what I don't understand is why Apple offered stocks splits/fractional shares on top of the issued 17 Billion when there's enough 17 billion shares to begin with and they are affordable I understand Bitcoin is fractional to 8 decimal places to the lowest 0.00000001 sat because there's limited fixed 21 million enabling any rich or poor person to buy bitcoin. Berkshire Hathaway owned by that rich dude Warren Buffett only issued 1.59million shares hence each share price there is expensive at over $360k each, it makes sense to offer stock splits/fractional shares for Berkshire Hathaway so retail investors can afford to invest in it as the average retail investor don't have $360k in their back pocket to buy 1 share of Warren Buffet's company. How many decimal places Dogecoin have and if its 8 like bitcoin then why so much dilution in such a cheap coin that has a unlimited supply similar to Apple Why don't cheap unlimited supply altcoins have low decimal places like 2 decimal places like the $US dollar? For example $0.01 cent. |
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Okay thanks for explaining marketcap. Still thinking how did Apple doubled its marketcap in just 2 years ? Sounds like they are using slaves for their labour & increasing prices of their iphones yearly to explain that doubling in marketcap then? Apple has about 17 billion shares in circulation compared to bitcoin 21million. This means as of now every man, woman, child & baby on this planet can own about 3 apple shares each worth about $390 now. I even doubt there's enough real fruit apples as of now for every human on this planet let alone 3 apples each as thousands are dying of starvation daily globally and they cost cents each per fruit  Surely there cant be a supply issue between 2018-20 to cause Apple market cap to double right? |
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Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?
Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?
There's about £2Trillion helicopter money coming soon from the federal reserve printers, how much of this do you guys think from retail investors will go into bitcoin?
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Okay I'm getting the sense that the readers of this thread are confused as there's replies here stating that China cant take over & there's also replies stating that China can take over the network So is this like a 50/50 debate that it is possible or not? When it comes to computing/mathematics/logic there should be clear answer on issues like these unlike science where there's lots of theories and debates in that subject thus no clear answer in most of science. So as of now Can China take over the Bitcoin Network as long China has over 51% of the hashrate correct? If so what reason will they have to do so?: - If China central bank releases their programmable digital Yuan CBDC currency, will they see bitcoin as a threat to their new digital currency or will they let bitcoin continue and not interfere with it but program their Yuan CBDC by putting a 'stop buy bitcoin' algorithm in there to stop Chinese people buying Bitcoin with it? |
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To be honest, there is no stable coins that is 100% safe, many bad things can happen to stable coins. But if we are too scared and dare not take risks,
we will get nothing. In my opinion, of all the stable coins currently circulating, only USDT is the most trusted. I said that because I saw that the demand
for USDT was very high compared to other stable coins. In fact, USDT has long been in the top 3 on coinmarketcap sites, even the volume of USDT
exceeds the volume of Bitcoin. It was enough for me to trust USDT.
Okay no stablecoin is 100% perfect however which is the best and least risky you think? USDT is the 1st released stablecoin correct? similar to bitcoin being the 1st crypto coin being released over 10 years ago hence USDT has built a bigger customer base you reckon? Corporation Enron which had the biggest volumes in the energy sector in the stock market back in its day, is big volumes a good indicator of trust?
Coming back here is Dai the most trustworthy as people saying its decentralized [moderator's note: consecutive posts merged] |
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