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3001  Bitcoin / Bitcoin Discussion / Re: Goodbye, privacy, goodbye, it was nice while it lasted. on: April 20, 2022, 02:02:18 PM
Being in a union cuts both ways. When you are out of it, you can't benefit from the advantages like tax agreements and that returns you higher import prices. However you can create competition by making more investor friendly laws and that will attract more investors like how UK done here.

It seems to me decentralization is a good thing even on a country level.

The more independent countries we have, the more competition we have. The more competition we have, the more investor-friendly laws we get and that means the world government will never work out. Globalism is a fad.

Yes. Competition is needed in order to help prevent "globalism" from destroying crypto in its entirety. Some governments may become oppressive against crypto/Blockchain tech, but others will embrace it with open arms. I guess the EU doesn't want to be at the forefront of crypto innovation. Privacy is a human right, which is something crypto originally stands for. Without that, how would people experience true financial freedom?

We're going to have to see how this will end in the long run, as the crypto/Blockchain industry grows at a fast pace. The more popular it becomes, the more governments will be forced to adopt the "revolution". As long as decentralization wins, we should have nothing to worry about. Just my thoughts Grin
3002  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba dump coming? on: April 20, 2022, 01:56:16 PM
Maybe that can happen, because there is regular addition of Shiba among accepted cryptocurrency on different services. Recently delivery app from Mexico named Rappi have begun to accept Shiba. The partnering with bitpay and bitso lets the consumer deposit crypto and get it into credits instantly which can be used further. More such addition in different services have been taking place which in long term will help with the growth. Another one addition is the shiba acceptance by leading VIP Travel Company of Netherlands.

SHIB Accepted by Delivery App

SHIB Payments Now Accepted by Leading VIP Travel Company in The Netherlands

Adoption is only growing because of the hype. Just because Shiba Inu is being embraced by mainstream businesses, companies, and exchanges doesn't mean that it'll be widely successful in the long-term. What really matters here is active development and innovation. Without this, the project will lose traction at a very fast pace. You can bet the SHIBA dump will come soon, as people move on to the next big thing in crypto.

Let's face it, Shiba Inu is nothing more than just a "meme" coin with no future. There are far better cryptocurrencies on the market that are serious in their aims to change our world for the better. As long as you "stick" to crypto's fundamentals (not make your decisions based on hype), you'll be on a road towards long-term prosperity. Just my opinion Smiley
3003  Alternate cryptocurrencies / Altcoin Discussion / Re: How would crypto fare without centralized exchanges? on: April 20, 2022, 01:51:01 PM
one that I know is going to be very expensive. transaction fees will increase many times. without a centralized exchange, crypto will suffer a setback. and that will make the trust in crypto decrease. some might think DEX can solve that problem, but be aware that it takes a lot of processing to trade from different blockchains. and it will require a fee, different if we use CEX. and when all CEX is suspended, and crypto becomes illegal this will probably be the worst thing for crypto development.

Of course. There will always be performance bottlenecks in decentralized exchanges due to the way they're designed. But with the introduction of cross-chain interoperability, this no longer becomes an issue. As far as I know, atomic swaps make use of different blockchain networks in order to perform the desired exchange (interoperability). Scalability is the least reason to worry about as long as decentralization prevails in the long run. My guess is that developers will start working hard in order to make DEXs better than ever.

I'm pretty sure people will get used to DEXs once centralized exchanges are banned for good. Adoption for crypto won't be the same, but at least it's better something than nothing. Who knows how the future of crypto/Blockchain tech will look like with ever-increasing regulatory pressure from mainstream governments? Just my thoughts Grin
3004  Alternate cryptocurrencies / Altcoin Discussion / Re: Is crypto becoming centralized? on: April 19, 2022, 01:35:09 PM
Behind each project, if it is not truly decentralized, like bitcoin, there is a project team, interacting with which the government can demand the information they are interested in. And given that many exchanges require KYC, then almost any coin in this case can be considered as a CBDC, which is controlled by the government.

That's certainly true, mate. Projects with a publicly-known team are often targeted by governments themselves. As a matter of fact, KYC can be easily enforced when centralizing factors are in play. But when decentralization prevails, this no longer becomes possible. It was a good thing for Satoshi to never disclose his/her identity or Bitcoin would've been doomed by now.

One thing for sure is that Bitcoin is the only decentralized cryptocurrency in the world since its founder is widely anonymous. Not only that but some members of the developer team are anonymous too. This is different from Ethereum where the founder Vitalik Buterin is widely known by the public. The inception of stablecoins and the ever-rising market dominance of centralized exchanges should be a huge concern to decentralization proponents. Most people don't care about decentralization so KYC will continue to be enforced until crypto becomes no different than traditional banking. Who knows if this will mark the end of an era for financial freedom? Just my thoughts Grin
3005  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Solana have a future? on: April 19, 2022, 01:30:02 PM
Altcoins are mainly centralized because in order to get a fast network and have cheaper transaction fees than the rest of their competitors, they have to make trade-offs. All altcoins are just tools for us to make profit over time, they will be replaced by better altcoins. Only bitcoin is the most valuable long-term holding.

About Sol, I still believe that in the coming years it will grow and have a definite place in crypto what it has shown in 2021 is really impressive and this year Luna is what I think it will be like Sol last year.

Of course. Altcoins often sacrifice decentralization in exchange for high-performance and cost-efficiency. Solana is no exception to this. It'll be up to the person to decide which type of Blockchain network to use for his/her own benefit. My guess is that businesses and companies will use the Solana chain, while ordinary people will use Ethereum the most (as it's still the most popular smart contract platform despite the high fees and slow TX confirmation times). Development is still on-going for Solana, so it's likely the project will have a bright future ahead of it.

Hype usually drives prices all the way to the moon, so SOL may turn out to become widely successful in the future if hype persists. As long as there are decentralized cryptocurrencies in play, nothing else matters. Just my opinion Smiley
3006  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The new star of the stock market is APE COIN!! on: April 19, 2022, 01:25:07 PM
All alts were pump&dump shitcoins at some point. Some of them became useful later on. I remember people used to make fun of dogecoin too. Lots of people now treat doge as a holder's coins. Same goes with ethereum. Eth went through lots of shit and yet it has been the #2 coin for years now. Long story short, maybe apecoin is the next big thing. We can't possibly know that yet.

Only a few altcoins have turned from garbage to something useful. But that's an oddity these days. I doubt APE COIN will have any substance to it since it's a highly-speculative cryptocurrency. Just because the NFT version was successful (Bored Ape Yacht Club), doesn't mean the cryptocurrency will be the same. People just want to make a lot of money at a very fast pace, so they will invest into projects that are overhyped even if they lack usability.

Right after the Dogecoin craze, we saw Shiba Inu and several other "meme" coins take the world by storm. This takes away what's really important from crypto which is usability and innovation (not hype and speculation). I just hope we get to see more serious projects in the long run in order to strengthen the crypto/Blockchain industry. Otherwise, it'll be an end of an era for complete monetary revolution. Just my thoughts Grin
3007  Bitcoin / Bitcoin Discussion / Re: Russia's approval of BTC on: April 19, 2022, 01:20:46 PM
They were too late in adoption. This will help mitigate effects of sanctions but if they really wanted to be immune from matters related to asset freezes, they should've put their reserve holdings in crypto. Some years ago Russia began dumping USD from their reserves, to the tune of hundreds of billions, but that hasn't done much in saving the ruble because they're still cut off economically.

Crypto isn't the saving grace for Russia. They cannot use Bitcoin to get their way out of this. If they wanted relief, they should've gone down this path years ago.

Exactly. Russia should've adopted Bitcoin long ago, if it had plans to become self-sufficient. Now that economic sanctions are in place, it's too late to do something about it. Only China might save Russia's economy. But making the Ruble rise from the ground up is not an easy task. Pressure is already mounting on Putin, so either he ceases and desists or face terrible consequences in the long run. It doesn't matter if Russia approves or disapproves of BTC as long as Putin is in power. Who knows what will be of the country within a couple of years from now? Just my opinion Smiley
3008  Economy / Economics / Re: Inflation hits USA on: April 19, 2022, 01:16:53 PM
I think you are right. The US is still a great country and has enough internal resources and external influence not to fly into the abyss. But it is necessary to bring a fatter sacrifice to the altar of the dollar, and apparently old Europe has been chosen as the victim. I think there will be a surge of hyperinflation* in the US and the EU, and the waves from such a big surge will pass around the world and many weak small economies will be torn to shreds. The hangover from 10+ years of continuous quantitative easing will be brutal. These are big tectonic changes in the world economic landscape and they are not sometime in the future, but right now.

*Hyperinflation - inflation above 50%, it is better to ask Zimbabwe about the upper limit.

If the American economy continues to decline, then I'm afraid "hyperinflation" on the US Dollar will happen faster than you could've ever imagined. This will greatly affect the global economy, since the USD is the world's reserve currency. The pandemic combined with the Russia-Ukraine crisis will inevitable lead the US (and possibly the world) towards a recession. We must accumulate as much Bitcoin and Gold as possible in order to protect ourselves from the negative effects of inflation. These are bad times we're living in, as food and gas prices rise like there's no tomorrow.

The faster we can end the pandemic (and the Russia-Ukraine conflict), the better. Who knows how the US economy will look like by the end of the year? Just my thoughts Grin
3009  Economy / Economics / Re: Gold , Silver Or Crypto? on: April 18, 2022, 01:35:37 PM
Gold is a reserve asset dating back thousands of years and not likely to alter in that general usage though FIAT itself may alter considerably.  On the other end of the scale is highly speculative assets such as crypto which is no bad thing as we are also talking sky high growth occurring, the two assets should not be compared within the same sentence as they are not close in usage, in their basic origins or likely end game but both are inverse to dollar thats it.

Silver is more of a middle ground, its speculative and commonly mined alongside lead and a few other metals.  It also has a history of being a reserve asset but right now I'd argue its industrial and linked to solar panels etc.  Silver isnt a bad asset to consider but at times it might suffer the worst elements of all three.

Gold is more trusted than silver by people worldwide, so it's no surprise the precious metal has greater demand over any other precious metal on the market. Crypto is relatively new to the world, with little backing behind it. Prices are widely volatile these days, making crypto quite challenging as a serious long-term investment. Only Bitcoin can be considered the best choice among all the other cryptocurrencies on the market due to its deflationary design. Which asset to invest into is entirely up to you. As long as you don't invest more money than what you can't afford to lose, you will have nothing to worry about. Just my thoughts Grin
3010  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin 🐕‍🦺 1$ possible in 2022 or not? on: April 18, 2022, 01:30:03 PM
It's possible, For now, many people have mixed feelings about Dogecoin but it has a big place in the cryptocurrency community. Dogecoin has cool memes and that's why I think it's so popular on the internet. Dogecoin is not to make you rich but to spread fun and happiness. It is an attempt to build a cryptocurrency that is widely distributed and used by people all over the world.

Dogecoin has gained popularity among its users due to its friendly nature and the community's willingness to tip each other with this coin. It is no longer special because of its rarity, but it is popular among crypto users because of its popularity among non-crypto users. His success is also directly related to Elon Musk's Tweets as well, for the price of $ 1 definitely requires a process and not directly there by looking at the current market conditions at this time.

Even when Dogecoin isn't meant to make you rich, it's still a fully-functional cryptocurrency for day-to-day use. The Blockchain's been going strong for a couple of years now, so I think DOGE will survive for generations. Whenever it'll reach $1 by the end of the year or not, will greatly depend on the level of hype surrounding it. I seriously doubt Dogecoin will go to $1 within such a short period of time, especially when interest for the cryptocurrency has recently declined. Maybe within 5-10 years from now it'll happen?

I wouldn't care that much about the price as long as Dogecoin stays true to its roots. As long as decentralization is prioritized, nothing else matters. Just my opinion Smiley
3011  Alternate cryptocurrencies / Altcoin Discussion / Re: Does staking even make any sense on: April 18, 2022, 01:25:20 PM
Staking is still too complex and difficult a process for the average user. The lack of proof-of-staking, or the actual rewards provided, is what holds people back at this point. While this may very well change in the future, right now it is unlikely that a large number of users will adopt staking as a primary way to earn passive income outside of just sitting on their tokens. Investing on your own requires knowledge, self-control, and the ability to stay away from stress.

Of course. Staking is not for everyone, especially when there's some level of technical knowledge required when doing such practice. There are a lot of risks involved, so staking only makes sense to those who have some spare money willing to lose it at some point in the future. With volatile market prices and fluctuating interest rates, some people may prefer to save money at a bank instead. If you're willing to take risks, then I'd recommend staking over saving money at a bank anytime. I've been staking for 3 years now and have obtained great results. Stablecoins are usually the most profitable especially when the Blockchain in question has low transaction fees.

By investing a small portion of your money every week on "De-Fi" apps, you can build a nice passive income system that will last for years. As long as you don't invest more money than what you can't afford to lose, you'll have nothing to worry about. Wink
3012  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 18, 2022, 01:20:56 PM
All this would be fine if governments did not go the way of China, after launching their own CBDCs to monopolize the digital payments market. There is no telling how the digital yuan would have evolved or what popularity it would have had if China had not chased all miners out of the country and banned all cryptocurrency activities. The Chinese were taken away from their right to choose whether to use bitcoin or to use centralized CBDC. I really hope that there will not be such cases in the world practice anymore and CBDC will complement the crypto industry, not eradicate it.

China is a communist country so forcing the use of CBDCs is nothing out of the ordinary. They stripped down innovation by banning cryptocurrencies in their entirety. The government doesn't want to lose control over people's money, so it decided to quickly take action before it was too late. China is the first country to launch a CBDC, but there's still a lot of work to be done to fully digitize the mainstream economy. Considering that development of a new digital currency does not happen overnight, it may take years before we enter the era of CBDCs.

I wouldn't care about this, as long as decentralized cryptocurrencies exist. With decentralization, comes freedom. Who knows if the advent of CBDCs make decentralized cryptocurrencies like Bitcoin and Ethereum more popular in the future? Just my thoughts Grin
3013  Alternate cryptocurrencies / Altcoin Discussion / Re: Will cryptocurrencies eliminate the need for credit/debit cards in the future? on: April 18, 2022, 01:15:00 PM
100% guaranteed. I keep saying that crypto is not against fiat, it is against banking and people need to realize this. I mean you may think that crypto vs fiat is a war that is fought for the past 10 years, but they are just alternatives to each other. Imagine how we have survived so long with Europe having euro now (individual ones before this) and USA has dollars, china has Yuan, Russia has ruble and many many other fiat, we just added one more to that and nothing more and it shouldn't bother fiat at all.

However, we are improving the banking system of it so well that after the DeFi hype last year, I am 100% sure that we are going to do very well in the future for sure and eliminate the need for credit cards.

Crypto may never be able to replace Fiat, but it would surely transform the banking system in the long run. With how successful digital currency payments have been over the past years, we may be one step closer of seeing credit/debit cards phased out by banks for good. I guess the future will consist of digital payments via the use of implants and CBDCs. Plastic cards and paper money will be eliminated, paving the way for a fully cashless society. It's probable "Ce-Fi" (Centralized Finance) will make use of Blockchain tech for its own benefit.

What matters is that crypto stays decentralized so it can prove to be an alternative to Fiat. As long it stays that way, it'll be able to last for generations. Who knows if Fiat will live alongside crypto for a very long time?
3014  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: April 17, 2022, 10:43:41 AM
payments processed.

Received. Thanks again, guys! Cheesy
3015  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 15, 2022, 06:25:33 PM
The best banking interest you can receive right now is roughly .5% and this is for only online only banking since they do not have the brick and mortar overhead costs that a physical location incurs so they are able to offer higher rates. Now comparing staking to bank interest rates it’s not a fair comparison. Staking involves MUCH MORE risk! These are really two entirely different things.

Exactly. The higher the risk, the higher the reward will be. While staking may seem to be profitable, the risks of doing such practice is much higher than saving your money at a bank. Where to put your money (crypto or banks) is entirely up to you. Believe me, there's nothing better than building passive income through the use of crypto/Blockchain tech. If you're able to manage the risks, staking works wonders.

Someone wise enough would simply rely on both banks and crypto in order to minimize risks as much as possible. By saving money at a bank and staking money on crypto, you'll be able to achieve peace of mind. As long as you "invest" your money wisely, there should be nothing to worry about. Just my thoughts Grin
3016  Economy / Economics / Re: Gold , Silver Or Crypto? on: April 15, 2022, 06:18:39 PM
Many financial advisors suggest gold , silver and cryptocurrencies as the best investment for this decade! what do you think?

I would choose all of them just to minimize risks of loss as much as possible. Crypto may be the best-performing asset of all time, but the risk of loss is higher than it's the case with Gold or even Silver. By diversifying your investment into both precious metals (Gold and Silver) and Crypto, you'll be able to achieve piece of mind in the long term. I usually convert some of my Bitcoin to Gold whenever there's a spike in market prices in order to protect my purchasing power as much as possible. It's a strategy most avid investors do in order to avoid losing it all in an instant.

Both precious metals and crypto have their respective advantages/disadvantages so it's up to you to decide what you want to do with your money. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Wink
3017  Bitcoin / Bitcoin Discussion / Re: What's preventing bitcoin from worldwide adoption? on: April 15, 2022, 06:10:59 PM
Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies

2. Scammers and fraudulent practices

3. Fluctuating value

4. Awareness

5. Information hoarding

...

I believe Bitcoin's "fluctuating value" and government policies are factors that greatly affects its ability to be widely adopted in the mainstream world. If it wasn't by that, most people would've already joined the game. Despite Bitcoin's underlying "issues", popularity's been increasing at a slow and steady rate. Right now, Bitcoin is much bigger than it was a few years ago.

For the first time in history, a country adopted Bitcoin as legal tender. Everything seems to be heading in the right direction, so I wouldn't be surprised if Bitcoin reaches a level of adoption comparable to that of Fiat in the long term. No one knows what will happen in the future so the best we can do is hope for the best. Just my opinion Smiley
3018  Bitcoin / Bitcoin Discussion / Re: Goodbye, privacy, goodbye, it was nice while it lasted. on: April 15, 2022, 06:00:39 PM
After yesterday's vote of the European Parliament committee, I have become very pessimistic:
...

...

Everything is changing before our eyes in the digital currency industry. With bans on anonymous transactions well underway, the U.S. SEC circling the likes of Ripple and Tether, and Satoshi’s Bitcoin slowly being understood as an electronic cash system designed for small casual payments that works within the law and which is always subject to it, things are ever so slowly changing for the better. If the EU votes to pass the new rules, it will be another nail in the coffin for the false narrative plaguing the industry[/i]."

And the problem with this is that it sets a precedent and entrenches a trend of increasing state control.

What do you think about it? Are you as pessimistic as me or this article?

Edit: go to page 2 for the key proposals of the draft.

Also: PLEASE REALIZE THAT franky's ARGUMENTS ARE GARBAGE. As they are based on a former draft on a slightly different subject, that didn't pass, as I've shown on page 2.

This was to be expected since governments often see crypto as a threat to the existence of Fiat. The EU decided to "up" their game as they believe crypto can be used by Russians to avoid sanctions. Other countries are tightening regulations for the same reason. Privacy in crypto/Blockchain land was relatively non-existent since centralized exchanges and transparent cryptocurrencies like Bitcoin and Ethereum have dominated the industry for long. There are only a few privacy-oriented solutions, but adoption is relatively low.

What matters is that crypto stays decentralized so that it can stand the test of time. As long as there are defenders of privacy and decentralization, there should be nothing to worry about. Just my thoughts Grin
3019  Bitcoin / Bitcoin Discussion / Re: Are we entering the era of CBDCs? on: April 15, 2022, 05:57:02 PM
Surprisingly enough the Chinese altcoin (digital yuan) seems to be doing fine as they reported a little less than $10 billion worth of transactions recorded on their chain (if we can call it a chain!). There are also at least 2 new ones coming out in the coming months.

Suddenly it seems like the central banks jumped on board of the Bitcoin train but only took the blockchain technology and ran away.

I personally don't care how many of them are created as long as they don't try to ban bitcoin or restrict its adoption in any way (like closing bank accounts of those who dump fiat for bitcoin).
There may even be some silver lining that these CBDCs could replace the stable-coins in the market in the near future and we end up even seeing Atomic Swap capabilities added where you could easily swap one CBDC for another or for bitcoin without the risk of centralized stablecoins (issued by shady companies). That would definitely simplify things for traders while significantly reducing the risks they take.

I think we're still too early to tell, as crypto/Blockchain tech has a lot of things to improve in order to become widely adopted by the masses. There are issues/flaws to be discovered for CBDCs to be as robust and reliable as possible. That is if governments decide to use Blockchain tech for the new digital Fiat system. China may have been the first country to launch a CBDC, but it's still has a lot to catch up before it can become the world's leading economy (if it ever will). People just aren't ready for a fully-digitized world.

Apart from the fact that development of a CBDC will take years, getting everyone to adopt the new digital Fiat system will be quite a challenge. We already have stablecoins, so there's no rush in seeing CBDCs become a reality soon. As long as decentralized cryptocurrencies exist, nothing else matters. Just my opinion Smiley
3020  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba dump coming? on: April 15, 2022, 03:20:28 PM
SHIB is the very definition of a shitcoin guys. Sorry to break it to you but look at the total supply, it’s basically infinity. Sure people get seduced by the meme coin thing, yes very funny, much troll etc. It has no real future though, invest in serious coins guys.

Money talks, so people will follow coins that are "pumping" like crazy even if they're destined to failure in the long run. Newcomers don't understand what crypto is truly about, so they will make foolish decisions thinking they'll become rich quick. Instead of focusing on the money, people should focus on what makes crypto a better alternative against Fiat. Only then, crypto/Blockchain land would be a better place.

One thing for sure is that Shiba Inu is a "shitcoin" just like Dogecoin, APE COIN, and zillions of other coins being traded on the market. The dump will be inevitable since the coin has no substance to it. You can never expect high prices with something as hyperinflated as Shiba Inu. As a short-term investment, Shiba Inu works wonders. But as a long-term investment, it sucks real bad. As long as you don't put all of your life savings into this "shitcoin", you'll have nothing to worry about. Just my thoughts Grin
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