One thing is certain, centralized fiat will never be obsolete. Decentralization will never be an answer to all existing problems today but it will help to empower the people in the society to exert an influence over the current local governance. This will give us more freedom to do what's best for us and not just totally dependent on the centralized government as they can do less but more on their own advantages.
While decentralization is NOT the solution to everything, it will certainly make an impact over our daily life. Fiat won't be going anywhere since it's backed by mainstream governments and banks alike. That's where decentralized cryptocurrencies like Bitcoin and Ethereum come into play. They bring financial freedom to those who need it the most. It's up the person to decide whenever he/she wants to use centralized money or all the other way around. One thing for sure is that developers don't seem to understand that decentralization is not meant for everything. Projects often use the term "decentralization" in order to attract the masses. After all, it's a "catchy" phrase in the crypto/Blockchain space. Eventually, everyone will realize that some things are meant to be centralized. Games are meant to be hosted on centralized servers due to the large number of resources they consume. If placed on a decentralized blockchain network, they would face scalability issues. The same can be said about hosting websites on the Blockchain. At least, decentralization is emerging as a "force to reckon with". As long as the whole world doesn't become centralized, there should be nothing to worry about. Just my thoughts  |
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I am yet to read any news or article on this there new consensus layer. Whatever decision that they have made now, I know that it is something that they have discussed among themselves before deciding to carry it out. They had a reason why they started the ETH 2.0, and I believe that whatever purpose they have for the new update that there are releasing now is going to be something that will also fill up the gap for what that ETH 2.0 would have accomplished.
A lot of us has complained about the high gas fees that we experience when using ethereum for transaction, let’s hope that whatever update they are rolling out would solve this problem and any other problem that ethereum is having.
The "consensus layer" is nothing new but rather a "rebranding" by the ETH Foundation. PoS will inevitably come to the Ethereum mainnet as fees continue to rise like there's no tomorrow. I'm concerned this would reduce the decentralization of the ETH blockchain as PoS will concentrate the power in the hands of big exchanges and whales alike. Vitalik should've just made ETH a hybrid coin (PoW + PoS) separating the execution layer (smart contracts) from the consensus layer. Only then, ETH would scale without losing its decentralization. What angers me is that developers don't do anything to solve the high gas fees in the short term. They keep stalling with the PoS upgrade, as they believe people will still use ETH no matter what. While competing chains gained traction due to ETH's high gas fees, they're nowhere near ETH in terms of mainstream adoption. With ETH still having strong market dominance, there might be no reason for developers to quickly roll out an upgrade to solve the high fees. Who knows how long will it take for PoS to become a reality on ETH mainnet? Just my opinion  |
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Most of the crowd is not in the game yet. We think that worlds most population is using the bitcoin in first place but they are not really. There is still long journey for bitcoin. Government is also majorly disturbing the flow of bitcoin usage by their schemes like national digital currency and confusing peeps.
However, this will change. This will be a gradual change and once it goes to next stage you will be asking how the heck bitcoin got this much price. So stay tuned and stick to it!
Of course. There are many people who don't know about Bitcoin yet. So many third-world countries where people don't have Internet access of any kind. Even those who have Internet access, haven't got into Bitcoin because of skepticism. We're going to need to wait a little more time before crypto becomes mature in the mainstream world. Behind the scenes, Bitcoin is being constantly developed and maintained by the community. The more time passes by, the bigger and stronger the pioneer cryptocurrency will be. $75k per coin is nothing considering that Bitcoin is an extremely-scarce cryptocurrency. It's the best sound money the world has ever seen. We should take this opportunity to buy more Bitcoin before it goes back up again. As long as you buy and "hodl" for the long-term, you'd be on a road towards unfathomable wealth. Just my thoughts |
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I would guess that logic is, if there is a better tech then there is a better tech, if there are more people interested then it is just simply better. So all in all the resources are divided right now, mainly going to bitcoin of course but that doesn't change the fact that there are so many developers, designers, marketers, money and other stuff going into other coins as well.
This means maybe one day bitcoin will get so much lesser than what it is getting today that eventually it will not be yielding to any proper rank and could drop. Doesn't mean it will be 78th, just means it may become second, obviously after that is unknown since it never happened before.
Hate to break it to you, but it's very unlikely Bitcoin's place will drop on the market anytime soon. Altcoins can have all the features they want, but they'd be nothing without Bitcoin. After all, the pioneer cryptocurrency is the one that started it all. We wouldn't had these kind of innovations in the Fintech space if Bitcoin weren't invented in the first place. The OP seems to be very optimistic by predicting Avalanche as the top cryptocurrency in market cap. While the crypto market is widely unpredictable, seeing an altcoin defeating the original cryptocurrency is largely impossible. Not even Ethereum managed to flip Bitcoin over the course of its lifetime. Believe me, market cap means nothing since it's just used as a means for speculation. What really matters is the number of use cases a cryptocurrency can provide to the real world. Decentralization and censorship-resistance are also key factors for a cryptocurrency's level of success. Bitcoin has always delivered since its inception, so it's highly likely it'll remain as the top crypto in market cap by 2025. Only altcoins will change their position in market cap due to hype shifting from one coin to another. Who knows what will be of crypto land just 3 years from now? Just my opinion |
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I would very much like the financial market in the world to be regulated through decentralization. However, I am sure the banks will never allow it. Even governments, anticipating that the power of cryptocurrencies will grow, have already started creating their own cryptocurrencies. I think that in 5-10 years, cryptocurrencies will be more popular, but in fact, they will never replace fiat money.
Exactly. Governments and mainstream banks will never allow decentralized cryptocurrencies to take over the global economy. Their intentions of releasing Central Bank Digital Currencies tells us that they want to stay in power no matter what. Set yourself forward 10 years from now and everything will look likely the same as it is right now. The only difference would be that crypto will be more popular than ever, with greater features and improved network capacity. Instead of focusing on replacing Fiat, we should focus on making crypto land a better place. All that matters is decentralization and censorship-resistance. As long as this is achieved, people will be able to truly enjoy financial freedom. Just my thoughts |
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Its real that the debts outweigh the available assets, only by issuing a continual stream of new money do the books then balance. It doesnt have to collapse but its precarious to have constant deficits both fiscally and also trade deficits ongoing for years into decades. Every citizen of the USA now owes over 70k towards the national debt if all debts were called in. That isnt possible normally as some of these bonds are not due for 20 years but still its not fantasy situation but a reality and the end result is continual dollar devaluation.
The national debt may be rising, but the US can simply print more money to "solve" the problem. This will lead us to greater inflation rates, which translates to the devaluation of the US Dollar. The higher the debt grows, the faster the world's reserve currency will plummet. I wouldn't worry too much about this since we already got Bitcoin. People who want to protect themselves from the negative effects of inflation will simply resort to deflationary assets like Bitcoin and Gold. It's as simple as that. If Fiat collapses in its entirety, then we might be headed back to the Gold standard. Or maybe Bitcoin will take over the world as the standard unit of account? We'll see what'll happen with the US and the global economy as the pandemic continues to take the world by storm. Just my opinion |
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Tron blockchain
- Block Time: 3 s
- Transaction Time: 2000 TPS.
- Consensus: Delegated Proof of Stake (DPoS)
...
Tron Sun Network is the sidechain using the same DPoS consensus to be compatible with TRON Protocol and highly customizable for dapps.
Strong points
- Fast transaction, low fee
- The ability of scalability with sun network.
- Thick backers: Samsung, Coin Payment, Web Opera, MixMarve, Playza,...
- Huge fan base, big community.
- Dexs on Tron like Justswap ranked in the top 10 having the most TVL.
Drawbacks
- Distribution of TRX is too centralized(a small number addresses own a large amount of TRX )
- Competition with a lot of big names: Ethereum, Polkadot,...
...
Believe me, the TRON blockchain is seriously underrated. It has so many features that often beat top players on the market. The fact that you can perform transactions for free (in some cases) in just 3 seconds, is a huge win in my eyes. This makes TRON extremely useful for "De-Fi". If only mainstream developers paid attention to this platform, TRX wouldn't be this cheap right now. There needs to be quality dApps on the platform that would bring the attention of mainstream traders and investors alike. Otherwise, demand for the cryptocurrency will stall. Now that Justin Sun departed from the project, TRON can achieve greater decentralization. Price per TRX is dirt cheap right now, so it wouldn't hurt buying a couple of coins to save them up for the future. Who knows if this is a hidden gem waiting to blossom someday? Just my thoughts |
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Biden's economic sanction is just SWIFT exclusion which Russia or China had already tried excluding themselves. If they cut SWIFT, Russia will just use thier own or the Cross-Border Interbank Payment System (CIPS) of China.
Seeing how much China despised BTC which they ban crypto and yet Russia made it a currency could be something that might hold the relationship between the two countries. They might have something to disagree with this time.
Exactly. Russia can simply create its own financial system that would be impervious from US sanctions. By using Blockchain technology, they can achieve this and many more. Just like China did with its "digital Yuan", Russia can create a "digital Ruble" and use Bitcoin as its reserve currency. I'm not sure if Russia will approve the use of BTC and other cryptocurrencies, especially when China banned it completely. If they approve it, there could be a tense relationship between the two countries (China and Russia). No matter what happens, Bitcoin will remain unaffected thanks to its decentralized and censorship-resistant nature. Citizens of Russia can get access to Bitcoin through other means if the government decides to ban it completely. It'll be difficult, due to the governments' surveillance efforts. But not, impossible. We need as much countries into Bitcoin as possible, so "hyperbitcoinization" can become a reality. Just my opinion |
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Surely it will be 50+ one day. We just do not know when that will be. People are talking about competition and all that but Uni is basically doing its own thing at this point and people who like to use it ends up using it and there is nothing wrong with that. Doesn't mean there won't be others that does it better, it just means that others could be better but Uni could get better too.
So, I believe that 50 dollars for Uni token is not really a big deal, it will surely happen in the future. When will it happen? I have no idea, but I am guessing that the next huge increase could be the day, not like increases we had this month, I mean like literally 2021 ATH period type of increases.
In crypto land, anything's possible. Despite ETH's ever-rising fees, Uniswap is still the biggest decentralized exchange in the world. It has better liquidity than the competition. Not to mention, its levels of decentralization, security, and reliability are unmatched. I'd say $50 per UNI is easily achievable with a strong bullish market. That combined with the upcoming PoS upgrade on the ETH blockchain should lead us there faster than we've previously imagined. Bitcoin is struggling to reach a new All-time-high right now, so it would be best to accumulate more UNI before it's too late. Once everything goes back up again, UNI's price will never be the same. Who knows how far the token will go? Just my thoughts |
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When i first heard about bitcoin, one of the selling points then was the pseudo anonymity. But as of recently, it is hard to purchase any crypto without encountering a form of KYC.
I’m just curious of everyone’s thought on this.
It's hard but not impossible. The reason why almost every exchange requires KYC, is because of fierce government regulations. After all, the government wants to keep track of what people do with Bitcoin. They justify their actions by saying that they're preventing money laundering and terrorist financing. But we all know their true intentions. Unfortunately, the average person will be forced to provide ID documents to a centralized exchange since it's the easiest way to get access to Bitcoin. Decentralized exchanges, P2P trading platforms, and atomic swaps don't require KYC, but they're somewhat-complicated to use. While KYC is "anti-ethical" to Bitcoin (since it brings back the middleman), the decentralized and open source design of Blockchain tech allows anyone to easily circumvent/bypass government restrictions. All that matters is that Bitcoin remains decentralized and censorship-resistant. As long as it stays that way, governments will find a hard time trying to regulate it. Just my thoughts |
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Processed  Thank you, DogecoinMachine and the rest of the Crypto.Games team! Payment arrived on-time as always.  |
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The International Monetary Fund (IMF) does not want El Salvador to use Bitcoin as legal tender, because they want them to stay with the US Dollar, so that they can loan more money to them and thus control whatever they do in their country. (Their power come from the control they have with the loan sword they have over these countries) They threatened El Salvador just after they made the announcement that they would adopt Bitcoin as legal tender, that they will not loan more money to them, if they do that.  It's not to our surprise considering that banks are the ones who control the mainstream economy. The IMF patronizes the legacy banking system, so anything (or anyone) that goes against it will be considered as a threat to their very existence. El Salvador's government made a smart (but risky) move that could play well in the future as Bitcoin continues to reach new heights. If highly successful, other countries will join the game, effectively taking banks' a "big piece of the pie". The more popular Bitcoin becomes, the faster we'll be heading towards "hyperbitcoinization". Who knows what will be of the IMF if countries abandon Fiat in favor of Bitcoin? Just my thoughts |
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When it comes to renaming from ETH 2.0 to the consensus layer, it could actually just be a little chess move. However, when it comes to switching from PoS to PoW, it is a very big step forward. Once everything is in place, all other blockchains will be two years behind Ethereum. Of course, only if this change eliminates the problem of high transaction fees.
I don't think other blockchains will be "two years behind Ethereum" just because of a simple PoS upgrade. Competing chains not only have PoS or DPoS as their consensus layer, but also additional features not found on Ethereum. They may be less-decentralized, but that's not a cause for concern among everyday people. Convenience is what matters most these days, so people will use the chain that's the fastest and cheapest one in the world. It's no wonder why Solana (SOL) went all the way to the moon in an instant. "ETH 2.0" will solidify Ethereum's position on the market, but not to a point where it will destroy the competition altogether. The upgrade will only encourage competing chains to strengthen their development efforts in order to stay ahead of the game. What matters is that ETH's gas fees decline so mainstream adoption for the cryptocurrency can rise back to its former glory. As long as it's economically-feasible to use Ethereum, nothing else matters. Just my opinion |
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No people really control the market, but whales or a group of big traders have the power to dump-pump the price. Sometimes the demand can be created by spreading good or bad issues. If people are influenced by the issues, they may be interested to buy more or prefer to hold their capital, depending on what issue it is. Whales or big traders won't do this all the time, that's why I said no people fully control the crypto market.
Maybe you're right. After all, the crypto market extends far beyond centralized exchanges. Whales and big traders may manipulate centralized exchanges, but they can't manipulate decentralized exchanges and/or atomic swaps (at least not yet). What greatly influences Bitcoin's price is stuff that happens in the mainstream world. Whenever something good related to Bitcoin happens in the real world, prices go up. Otherwise, not. We've entered a period where hype has faded away, leading us to price stagnation across exchanges. This happens all of the time, so it should be the least reason to worry about. What matters is that Bitcoin at its core, remains decentralized. As long as it stays that way, no one will be able to control it. Just my thoughts |
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Exactly. Most investors are focused on "De-Fi", NFTs, and the metaverse, leaving Bitcoin behind in the dust. Of course, that doesn't mean interest into the pioneer cryptocurrency has declined. We've entered a bearish period as the hype has temporarily faded away. As soon as the next halving comes up, Bitcoin's price will never be the same as it is right now. I'd say $75k is feasible due to BTC's extremely limited supply. It may not be worth that now, but it will be in the future. Remember, patience is key towards achieving success in this wild and crazy world of crypto. As long as you don't spend all of your Bitcoin, you will be fine. Just my thoughts For me, its my own way of diversifying my portfolio so i also tried my luck with De-Fi and NFTs, but that does not mean that i'm leaving bitcoin behind. It will always be my top investment, and i think others are also seeing that way. However, bitcoin is not yet reaching the $75k target price because of the correction that started last december, but i don't see it as more of a threat, but its kinda more of a great opportunity to enter the market. No worries, there's a lot of bitcoin analysts who have predicted that bitcoin will achieve that goal price, and we are heading there. Just trust the process. [/quote] The bear market is what's affecting Bitcoin's ability to go to $75k right now. No one said Bitcoin was going to make you "rich" overnight. Good things only happen to those who're willing to wait a considerable amount of time (patience). Sooner or later, Bitcoin will reach a price of more than $75k due to the way it was designed. An extremely-limited supply along with ever-increasing demand on the market will lead us towards untold riches in the future. I'd say this is the best opportunity to buy more Bitcoin before everything goes back up again. We're in a period of "stagnation" as hype has temporarily faded away. Ultimately, it's not about the price per coin but rather its usefulness. As long as Bitcoin remains decentralized, censorship-resistant, and enables "banking to the unbanked", nothing else matters. Just my opinion |
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My portfolio is very low on alts. I am heavily in bitcoin & am less interested in alts. I have to be honest though, my reason for buying & owning alts is because you can make really high returns which I mostly always convert to bitcoin or fiat. I don’t believe in alts long term, I wait for them to pump & then I dump.
Altcoins are only good for making money. But at the end of the day, they're simply "copies" of the original cryptocurrency (which is Bitcoin). Even smart contract platforms like Ethereum and BSC are based on Bitcoin's blockchain technology. There needs to be originality in order to beat the "Father of all Cryptocurrencies". Considering that most (if not all) altcoins depend on Bitcoin to survive, tells us that Bitcoin is what it's all about. We should take advantage when altcoins' prices pump to buy more Bitcoin (instead of selling BTC for alts). I wouldn't advise anyone to sell for Fiat (unless you need the money right away) as it greatly defeats the whole purpose of crypto/Blockchain tech. Who knows how long altcoins will last? Just my thoughts |
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The government can regulate all of those businesses that are related to cryptocurrencies.
The need to have a license as a business for their operation is already enough to be said that they're regulated and controlled by the government. What you said about bitcoin and the others, they can't really be regulated at all.
That's why exchanges are asking for KYC.
That's part of the regulation so if you enter their platforms, you're using a regulated platform but outside of it, they have no control over us.
Exactly. At its core, it would be impossible to regulate Bitcoin because of its decentralized and censorship-resistant nature. What governments can only do is regulate businesses and exchange operators dealing with cryptocurrency. Centralized exchanges are required by law to comply with KYC/AML regulations in order to prevent money laundering and terrorist financing. If they don't do that, governments will close up their business. It's the way it works. For Bitcoin to achieve its true potential, it needs to be traded on decentralized exchanges. Fortunately, there are some DEXs and even atomic swaps which allow people to gain access to the world of crypto without limitations. These alternatives cannot be regulated because of their decentralized nature just like Bitcoin. Depending on how crypto develops over time, governments can either decide to ban Bitcoin completely or continue to regulate the industry. Either way, Bitcoin will survive as it's too big to fail. Who knows how our future will look like with Bitcoin as the epicenter of our mainstream economy? Just my thoughts |
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Bitcoin was launched first but Bitcoin doesn't offer DeFi und NFT because Bitcoin is only used for coin transfers. Bitcoin is technically much older compared to new projects like Ethereum or Avalanche.
In addition, Avalanche has even more new technology, which isn't hyped yet like Subnets for Avalanche. Subnets are like a new Blockchain build on top of Avalanche and can be a new hype. Bitcoin doesn't has Subnets and Bitcoin also does not have DeFi and NFT.
And when new technologies are required by adoption, Bitcoin will keep falling back step by step.
Technically, Bitcoin can be used for "De-Fi" via the integration of sidechains. There's already a sidechain which brings smart contract functionality for Bitcoin. It's called RSK and it's widely compatible with Ethereum's EVM. The reason why it hasn't taken off, it's because most people are focused on other projects (mainly BNB, Polygon, Avalanche, and Ethereum). It's up to the RSK team to ramp up marketing/promotion efforts to help attract the masses into their project. Otherwise, people won't be aware that BTC can be used for smart contracts like ETH. With sidechains, BTC will prove to be superior than Avalanche and other altcoins on the market. We'll see how the market will look like 3 years from now. Just my opinion |
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Good observation I'm a big fan of TRON, fast transactions and cheap are the two main reasons in fact I have more transactions on Tron than any other coins, if I want to trade my coins to fiat my go-to coin is Trx, on gambling sites I'm playing Trx is also my go to coin, they have potential for new projects that are coming out but unfortunately, they are beaten by Binance and other newly launch chain, but I still trust Trx, it's still has a place in the top 50, on being the next Ada or Doge we never know but it's a good candidate.
TRON is extremely cheap and fast to use, probably because not many people are using it. The number of dApps available on the platform is quite small compared to those available on newer, competing chains. I wonder why mainstream developers aren't building dApps on TRON, since it's practically as fast as BSC or Polygon (MATIC). In some cases, fees are even FREE if you had some TRX "frozen" for bandwidth/energy. Even USDT is available on the TRON blockchain and the experience is beyond compare. If more tokens and dApps joined the platform, TRON would've been among the top 10 coins in market cap by now. Now with Justin Sun leaving the project, I'm having doubts whenever TRON will become the next DOGE/ADA or not. There's a lot of uncertainty with TRON's future, so I'd consider it a very risky investment. Unless innovation comes in, TRX's price could remain stagnant for years on end. Just my thoughts |
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I think Bitcoin is both over and underestimated quite a bit. I think those that dismiss it as just another fad or ponzi scheme have a good point. It certainly meets a lot of that criteria. I also think they miss the larger point of what Bitcoin could be. It is a major improvement over traditional money, and is already bringing change to the world to a certain extent. It's also overestimated by a lot of the talking heads out there. Currently, the individual demand for Bitcoin wouldn't put it's price anywhere near what it is today. A huge majority of those buying Bitcoin are speculators, including Microstrategy, Tesla, etc... They aren't using their Bitcoin, they are just buying loads of it and hoping that at some point in the future there will be so few left on the market it will be worth a fortune. This isn't really the way to change the world in my opinion and I think much of the focus on Bitcoin now is about transitioning money from one system to another and less about adoption for legitimate use cases.
So if you think Bitcoin is what's going to free us from financial slavery, you aren't paying attention to who is buying it all. If you think it's a ponzi scheme then you've probably missed out on life changing gains and don't understand the entire space. The truth probably lies somewhere in the middle.
Precisely. People often have a different perception of what Bitcoin truly is. Some view it as a way to make money, while others view it as a currency for day-to-day payments. What's concerning is that wealthy companies and exchanges are stockpiling large amounts of Bitcoin, greatly introducing the risk of centralization. This brings inequality as only the wealthy will control Bitcoin's supply, leaving the average person out of the game. I'd say most people underestimate Bitcoin as they believe it's nothing more than a fad. They trust Fiat currencies more than anything else, in part because banks have dominated the mainstream economy for a long time. Those who truly recognize Bitcoin's benefits won't look back ever again. I wouldn't worry about what people think about BTC as long as it does its job well as a decentralized and censorship-resistant cryptocurrency anyone can use without limitations. Just my opinion |
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