I'm looking for a way to stake stable coins like USDT or USDC off any cex exchanges, I know binance exchange allows staking usdt on its exchange but I don't want to stake mine on exchange but straight from a wallet that has private key instead, anyone familiar with any?
Actually, if you are going to do staking, you must be ready to entrust your money to this platform as you have to deposit your USDT to this platform and there are risks that this platform will be hacked or scammed, and as your money are in a smart-contract or in a wallet of this project, you are likely to lose them. So when you choose a platform for staking or farming, do a careful research.
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Do you think competitors will defeat ETH due to ever-increasing gas fees? If not, why? Are constant delays a result of miners' opposition against reducing gas fees on the blockchain? Your input will be greatly appreciated. Thank you. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Actually, yes, I see that alternative chains become more popular than ethereum. They are faster and cheaper and also are building an expanded ecosystem with many different defi-projects of different types, so you will not miss anything if you don't interact with Ethereum. Especially small investors prefer alternative chains. Personally I work on Polygon and Binance Smart Chain mostly.
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In 2021 to 2022 If learn and try to push yourself hard enough.you can be very rich. Or very poor 2021 to 2022 people will decide who they want be.
By the 2024 everybody must have decidede are they super rich or very poor .
What will you choose ?
I am eager to become financially independent due to my investments in crypto. So as to reach my goal, I hold some mainstream currencies such as Bitcoin, Ethereum, BNB, Matic and some other fundamental coins and invest in them every month and try my luck at some new projects and bounties (ambassador campaigns). I try my best to become rich in the future.
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Bitcoin is widely adopted by countries with weak economics. Currencies of these countries are subject to inflation, so the government accept Bitcoin as their national currency as Bitcoin is limited and it will not face inflation. It is the main advantage of it over fiat that can be released all the time and lose their value because of it. People are willing to trust Bitcoin more as it is out of control of authorities.
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Actually, coronavirus has accelerated the development of metaverse and games. There are a lot of people who play computer games as their hobbies, so it is a good opportunity to them to monetize their skills. Now developers are trying to make models of games better and improve graphics so I think that there will be more and more good gaming projects where you will be able to make money on.
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The US Senate has requested information from the issuers of stablecoins on the principles of their work, so I see that regulators start monitor stable coins. Chairman of the US Senate Banking Committee Sherrod Brown called on the leadership of Circle, Coinbase, Centre, Gemini, TrustToken and Binance to disclose information about their stablecoin-related business by December 3. Nevertheless, the similar request has not yet been sent to Tether Limited (USDT) so we can't be informed by regulators in the nearest future about the model of their work.
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Does Signature campaign increase ICO credibility? I see few good ICOs recently using Signature campaign to promote their private sale.
Being a newbie, I would like to know your thoughts through experience.
Signature campaign is one part of the marketing campaign. Actually, it makes more people aware of their project, but I don't think that it is a factor that you should be guided by. There are a lot of projects who use Signature campaign to promote themselves, but they are still scammers so you should investigate documents, development team and partners first of all.
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Of course this has to do with the NFT market so you know this will pump up the price of ethereum enormously.
What do you think this will do with the ETH altcoin and it's introduction into the world of NFTs?
NFTs were one of a reason why ETH has been growing for a half of the year. Open Sea and some other NFT platforms, are in a good demand so there are many people who interact with them and buy something. They raise the price of gas significantly, it is bad as those who want just to trade or invest in defi projects have to pay much more for this, but on the other hand, NFTs attract more users to ethereum.
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Such high gas fee when you need to pay more than 10$ is not appropriate. Even transaction fees on Ethereum are lower sometimes. Actually, there are two factors that influence rising of gas fees. First of all, the price of BNB is growing. Secondly, when the activity is high, you have to pay more so that your transaction will be included in a chain. I am used to pay not more than 1$ on Binance Smart Chain, so I am really confused by your case. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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I am interested to find out about trusted audit providers. The audit report being publicly viewable is absolutely essential.
So far I have found the following;
Trail of Bits OpenZeppelin Consensys Diligence Kudelski Security Certik
Let me know what you think of those five and feel free to add any other trusted auditors.
I need this to have a different perspective on the coin/token of my choice.
Usually, I am guided by certic and rugpull. Certik provides a long audit with all aspects be reviewed, while rugpull just has a rating of defi-projects and give a short review of what to pay attention to if you want to invest. It is essential to do research before investing so you need information, but the thing is that you can't always rely only on your knowledge so it is great when there are some professionals who can share there opinion.
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I think that everybody who has a possibility and wants to become financially independent, should invest in Bitcoin. I believe that it will cost much more than now. Also it is limited. Everything that has a limit will rise in price. I think that bitcoin will be more and more adopted by different companies and countries, so it is necessary to own Bitcoin.
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Can anyone share their experiences with wallets. Which ones are the safest and what can go wrong?
The safest wallets are certainly cold wallets that don't have a connection to the internet. The examples are Ledger and Trezor. Some good hot wallets are Metamask and Trust wallet. Metamask is connectible to almost all projects on Binance Smart Chain, Polygon, Ethereum etc. Trust wallet has a big range of coins. The main risk of using these wallets is that they can be hacked, so the main thing is to keep your keys in private.
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I see that Shiba Inu gets more and more support and it is loosing its title of useless coin as Shiba Inu is going to build its own metaverse.Lead Developer Shiba Inu Shytoshi Kusama stated that "SHIB" is the future of games. The developer announced that soon Shiba Inu Games will implement its first project in the form of a decentralized metaverse.The price of SHIB has already reacted with growth to this news.
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Can the banks challenge the policies from the government? Are the banks working for the people or the government? is there any possibility that banks can operate freely entirely from government policies?
I think that paradoxically, banks work for the government, not for the people. The government want to control people, especially their finances and they exercise it through banks. If banks operate freely entirely from government policies, they are closed. The authorities don't approve of crypto as it is uncontrolled, but they don't want to lose control over money.
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Does it really only take 2% of musk's wealth to solve world hunger? How do we assess this phenomenon based on its purpose, from a humanity or economic perspective?
I know that capital of Elon Musk is about 340 billion dollars, so 6 billion is really only 2% and if is such a small portion of his money can help a big number of people to overcome hunger, it is great. But actually, I don't think that Elon is a kind person who is altruist. If he helps, he will be in a public eye again, and I think that he just enjoys being in a public attention.
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So the question is how people still believe in all that stuff? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Easy money is very hard to catch. Especially while there are coins like Cryptonprivacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end? People are inspired by other's success so especially newbies are really willing to invest in new meme coins and trends. They hope that they will also find a new dogecoin so they buy snubbing research. Maybe, it will end, when people become more careful and will investigate projects before investing. There is plenty of information about every project on the Internet but it is still require a lot of time to explore.
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Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?
I also think that trend is bearish now. First of all, crypto market was really overheated. Secondly, new Corona variant was found like you said, so I think that there will be still a correction on both crypto and stock market. So I am getting rid of altcoins. Nevertheless, I will continue holding mainstream currencies as well as I continue to do staking and yield farming.
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Crypto requires a lot of time and knowledge. I know some safe ways how to make money on crypto. First of all, staking and yield farming on reliable platforms, just passive incomes. Secondly, holding mainstream currencies, passive income again. But if you don't have a big capital to invest a lot, there are some more dynamic activities such as ambassador programs and keeping nodes.
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I think that cryptocurrency can help agriculture in the following way: there are a lot of companies connected with agriculture, so they can launch their own tokens that will be kind of their shares. They can create a mechanism of how to encourage people to hold their coins (staking of their tokens or bonuses for holding) so that they get funds due to people's investing in their tokens. Also they can start selling their products for ctypto.
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I am very optimistic about cardano, I follow its development and I think that it will easily hit its resistance if there is a new alt season soon. Cardano is the cryptocurrency, apparently with one of the most active communities on social networks, has been registered on one of the world's oldest cryptocurrency exchanges (as well as on a major cryptocurrency exchange in Europe in terms of trading size) Bitstamp.
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