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It might look difficult for crypto to go mainstream but it can still be achieved. Now making mention of Bitcoin not going mainstream, every things points to its slow transactions and all that but yet people still trust it more than others which are even faster. The truth is, many coins today can't be trusted; you made mention of stablecoins, but how many of them can be trusted? People can hardly bear to hold stablecoins for long time because of their centralized nature; as for other altcoins many of them might look like they have what it takes but yet they keeps lagging.
So in the midst of all these, it still comes down to the fact that Bitcoin is highly trusted and many people will feel more comfortable holding something ( a coin) they can trust over something with questionable characters, so in one way or the other, there might still be possibilities of Bitcoin going mainstream.
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A cryptocurrency being a stablecoin does not mean that the price is literally perfectly stable. It means that there's an effort to stabilize the price as much as possible. Different stablecoins use different methods to stabilize their price. Some peg the value to some other relatively stable asset like the dollar, gold or sliver. Others attempt to stabilize the price themselves by regulating the circulating supply in relation with market capital so that the price stays stable.
There is nothing made by man which is perfect, there is always traces of imperfections, that's by the way. Stablecoins tries as much as possible to be stable even if there is a drop in price, it is always within the range of 0.99$ which is still okay in every sense. Just know that there is every tendency for stablecoins to drop a little bit, just like already stated but it can't go beyond such else there will be panic and once that sets in, people will likely move to a more better stablecoin as there are many of them. So in conclusion, I can say that, stablecoins are really living upto their name, which is keeping funds stable and of course they aren't perfectly stable. |
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: Chuky92
Telegram Username : @Emma_Chuks
Campaign : Facebook, Blog and Twitter
Spreadsheet # :
a. Facebook: 653
b. Twitter: 624
UNY Wallet Address : 0x467e0f49848f1CA6fa08438239a8Ec5D72700fd1
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ADA is one of the few major projects whose team really knows what they want and what they want to achieve. I once came across a post where projects team were ranked based on the performance and all that, and as such, their (ADA) team performance was very impressive. Really, projects whose team are active will always be growing and this is also the case of Ethereum which is still the reason ETH keeps maintaining its position. Nevertheless, I also believe this staking option on Coinbase will surely bring more exposure and hence more adoption to ADA because it is really worth it.
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Just as you believed in this coin in same way do others believe in theirs and of course each and everyone will try as much as possible to state why the coin they are holding or believes in is worth it. There is no crime in that, but actually good because it will make people understand what NEM and Symbol have in stock for the crypto space and the world at large thus probably opening the minds of people to invest in it. Furthermore, just as Bitcoin is valued because of its features, in the same way, if Symbol will have trustworthy features, it will also be valued.
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Seriously for a privacy browser like Brave, this is discouraging because most people won't fail to read unnecessary meanings to it. First Brave is a privacy browser which has grown massively as a result of that, now slightly going back on what they stand for means they want to go down both in number of users and in reputation; people don't like being exploited and that's the fact. However, for the CEO to apologize, it is good of him to own his mistakes and probably it might change the negativity created already.
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Metamask has been around for a long time now and hence has built a good reputation for themselves thus I might find it hard believing that the fault is from Metamask, however I think somehow the users wallet is compromised. No one might adequately say how the wallet got compromised except the owner or maybe not but nevertheless scammers are getting more Informed everyday and hence we have to be careful as well. Lastly, the fee part looks absurd and looks likely to what happened few weeks ago on how a huge ETH was used as fee for a small amount of ETH; but however this is a case of compromised wallet and therefore the owner should consider using another wallet henceforth.
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Few DeFi projects still lose money due to security hacks for each example balancer lost 500,000 worth of ETH to a hacker weeks ago, this shows that not all DeFi projects are capable of keep users funds safe, this is not the only problem I'm worried about, scammers have not even start building fake DeFi projects yet, maybe this DeFi story will end up like ICO hype of 2017? What's your thoughts on this?
To be frank I am just hearing this and I will surely agree I'm now getting rusty when it comes to being updated on most news. Nevertheless, this news about hacking of a DeFi project is not good at all most especially for something that is still young and growing. Also, I think it will be too early to start judging Defi projects with this single act but yet that doesn't mean due diligence shouldn't be adhered to all the time. Lastly, hacking is one of the things which most platforms faces and where some will overcome it and continue developement others might not, so I think this is the time to know how experienced the team of that particular project is, if they will continue or give up. |
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This is a good idea coming to the blockchain space as it will help to curb some mistakes which might occur due to negligence and so on. But on the other hand, what if a fraudulent user, uses it to his own advantage that is, sending to another user then requesting for it back with baseless excuses. However, this is just my thoughts and I believe the team will do everything possible to ensure the interest of all parties involved in the transaction is protected. Lastly, this is also another good proof that the blockchain space will only keep expanding, improving and becoming more innovative despite all odds.
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Defi and Ethereum? I believe this will happen if the Defi project is being based on Ethereum blockchain, but what if it isn't? Or rather what if not all Defi projects utilizes Ethereum blockchain but other blockchains too? That means much won't be gotten. What I think is, Defi hype will of course help Ethereum or whichever blockchain but that doesn't mean the hype associated with Defi will cause the massive growth we are thinking will happen to Ethereum because there are other factors to put in place as well, such as the relevance of Bitcoin.
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As far as I know and can possibly remember, there haven't been any gold-based token or gold backed project which is still functioning, at least that I can remember, unless there is any which I don't know. Nevertheless, good backed projects has shown almost all the time to be fake or scams, just a means to deceive people into investing, however this was rampant during the ICO era. Also, I can only comment if there were any gold backed project leveraging the services of this institution that just had a problem, but since there isn't any, the future of gold backed projects in the crypto space isn't bright as little to no attention is given to them.
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I heard the knowledge of bitcoin (btc)and ETH since 2016 and i want to know the difference between altcoin and BTC and ETH.
and how influential is altcoin because beginners that ask question is really or interested to know which I am willing to know.
I know some people will react to this topic violently and some will respond with manner,
I am here to know what i don't know because I believe that knowledge is power and also the beginning of success.
Welcome to the crypto space and i don't see anything wrong in asking what you don't know. All coins in the crypto space are called cryptocurrencies but there is a difference though, BTC is the first cryptocurrency while all other coins are called Alternative cryptocurrencies or Alternative Coins hence the short form which is Altcoins. Therefore this is the only difference between ETH and BTC, although each have their own features which makes them stand out. Also, the Influential nature of an altcoin depends on the altcoin itself, that is, ETH is very influential when compared to others, owing to its features which contributed to its position on the coinmarketcap. On the other hand, most new altcoins are less influential and will either grow with time or die with time, which also depends on the team. |
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A project team who fails to bring into reality their ideas thus making away with generated funds will still not have anything to offer if given another chance. Even if they are given another chance, they will still look for a way to steal again, because since they have done it the first time and probably nothing happened, they won't mind doing it again. Many shit projects are lying around here and there, those showing that right from the onset, the team only wanted their own gain. Therefore, instead of giving shitcoins developers or team the chance of correcting their mistakes it is better to channel such attention and support to already developing projects whose team knows where they are heading to and what they want to actualize.
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Neo is a very good project with unique ideas, at least it is one of the projects which is anticipated to challenge Ethereum but over time, the performance has tend to be in the other way around (not encouraging), that is where Ethereum is experiencing massive growth Neo is lagging behind. However, I do not lose interest in Neo because I believed in it but yet the team needs to step up their games to ensure the keep charging high. Lastly Ethereum keeps topping the charts thus making it difficult for any platform to overtake it, and Neo will not stand a chance from the look of things.
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