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4921  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Ethereum going to Die? on: June 30, 2021, 01:17:41 PM
This is not a defense, this is a real assessment of the situation, slightly seasoned with personal preferences Smiley Conservatism in such a dynamic and volatile market can create big, or rather, irreparable problems. 5 years ago, no one thought that in the crypto world there might be something from the "great" other than bitcoin. But time has shown that bitcoin is certainly a "fundamental" system, but functionally it is already far behind progressive concepts.

Thanks for your response, and sometimes I wish I didn't get so deep into this forum, get offended and all that:) I think you're right, we're all seasoning our comments with personal preferences that sometimes we forget is not necessarily how the majority of the world sees it.

I do agree with you that being conservative in crypto can be a negative aspect and that's a lot of the reason why people think Bitcoin is a slow mover and will lose 1st mover advantage, lessons of tech tell us this doesn't last long. This I agree with you on some level.

BUT I think Bitcoin is right to be conservative and ETH too (after a period where it wasn't) -- as it seems to have fulfilled its desired objective, whereas progressive concepts that claim to "bank the unbanked" or "finance for the masses" actually have really only served to benefit more of the same few. And made life worse for those it is supposed to help (with liquidity drains, rugpulls, etc, which are not issues with Bitcoin).

4922  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Cardano (ADA) coin hit $10 During 2021? on: June 30, 2021, 11:50:49 AM
At the moment Cardano is going through a moment of uncertainty, but it is seen that it can go in a bullish direction if it is confirmed that BTC goes into a bullish trend:

Pretty much every alt is waiting on BTC now. ETH did a slow burn rally I was worried a little it wouldn't catch up but then it managed to get itself back above $2k so in this case, most defi coins are also safe (at least those sitting on ETH-based DEXs).

Cardano will have to do something pretty special to overcome all the DOT hype going on right now though.
4923  Bitcoin / Bitcoin Discussion / Re: The First Bank In Mexico Is About to Start Accepting Bitcoin on: June 30, 2021, 09:51:12 AM
The proposal was rejected, right? This is what I could find from CNBC:

They will have to go about it the way El Salvador did. Get the buy in from the government, so pass the laws properly through parliament, lower then upper house, then the bank has no choice but to accept. Pretty sure the people are angry about a lot of other things though to even they might shoot down anything the existing govt proposes until actual democratic change is brought about.
4924  Economy / Gambling discussion / Re: [CONMEBOL] Copa America 2021 Discussion Thread on: June 30, 2021, 09:09:59 AM
Maybe Barcelona can win the title this season. At least I think so. Barcelona have lost a few finals before. And the main reason for each defeat was the weakness of the defense. But in the last 4 matches of Barcelona, their defense seems to be better than before. If the defenders do their duty properly, Barcelona will win the title.

We'll have to wait and see for this, but if they can keep up the goal-defending form they displayed in the last few matches, I think they will just about do it.

Meanwhile I'm counting on yet another Argentina-Peru final, but Brazil is for sure the team to beat at this stage. If Messi wins it, he'll probably be so fired up for La Liga.

4925  Economy / Speculation / Re: Market Prediction for 2024 on: June 30, 2021, 07:42:53 AM
I was talking about decentralized exchanges though (Sorry if I should say CEX and DEX but I thought smart contract automatically means DEX). You should check out 1inch for example, it does use a smart contract for limit orders on ETH DEX like Uniswap. Those smart contracts were built on as far as I know, Ethereum, or copies from Ethereum.
There is a big difference between an "exchange" and a "token swap". An exchange (whether decentralized or centralized) is where you can trade any cryptocurrency with almost any other cryptocurrency for example BTC with LTC. A token swap on the other hand is where you can only swap a token for another token. For example there is NO option to swap BTC for WBTC only ETH for WBTC.
This is useless.
Also 1inch is not even an exchange or a token swap, it is a DEX aggregator where it searches other token swap platforms (using the wrong term DEX) and gives the user the best option.

OK, then obviously we are going into technical differences here but dude, I know 1inch is not a DEX but a DEX aggregator but there you go, you are saying they (and everyone else in the DEX industry including educators) are all using the wrong term.

For me, if they call it a DEX it has evolved. They are already articles talking about DEX using orderbooks (which is what you are thinking of) and DEX using liquidity pools like Uni.

It is a big difference, but they are merely different mechanisms, both are DEX.

An exchange can have as many pairs as they make available. If an exchange only has BTC-fiat, it is still an exchange. Your "token swap" example is just the same in BTC-USD market you can ONLY exchange BTC for USD. All the exchanges talk about trading pairs. And all the "token swaps" talk about swap pairs. I think you will be surprised to learn now "token swaps" have much more capacity to swap between networks (which is why I ask you to look at 1inch) but as you say not for BTC (again to my knowledge) but of course, you can use a regular exchange for interchain assets and even fiat but this is because none of this interaction is on chain. You even have Yobit exchanging with assets that don't even exist, anything is possible offchain:)

I'm sorry, I really think your posts are very good and I enjoyed them a lot here but on this case I think sometimes Bitcoiners like to argue semantics when the rest of the world using those things has moved on and accepted that "token swaps" are also exchanges, with the difference that every exchange (swap) happens on chain in liquidity pools (as opposed to off chain orderbooks), which makes it difficult, but not impossible these days, to manage inter-chain swaps.

P.S. I totally hate defi it's the most toxic and scammy world but we were talking about use case for smart contracts and I see it and accept it even if I don't like it.
4926  Economy / Speculation / Re: BTC Price Prediction: $350k before the end of 2022 on: June 30, 2021, 07:08:11 AM
So we're going to have another 12 months of this bull cycle? Sounds good for me:) I mean. I thought it would be over end of this year at best case scenario (and actually I have been lately thinking we might even have to accept that it will only be a few more months, maybe a new ATH or two and that's it). 6 more months of bull is great though. Can't wait to buy the big winter dip after lol.
4927  Economy / Trading Discussion / Re: How to deal with bear markets on: June 30, 2021, 05:47:57 AM
Your comment is one of the shortest here and yet actually probably one of the most useful. Stop trading, no strategy is going to work, and no amount of checking your wallets is going to change anything.
stop trading and quit from market for a while will help us to recovery our mental and psychology, many traders be stress when suffer loss. when this happen, they could not controll emotion and maybe will open new transaction again without any analisys. It will make things worse and lose more money. Not everyone could make this wise decision , except whom able controll their mind.

Like I said, just not trading isn't just about recovery but preventing the need for recovery and if you only trade (or invest) money that you consider to have lost (put money in, and just assume it is lost and don't expect profit) then you'll have no expectations and that burden of worry is gone. No stress.

Just try it, seriously. The worst that can happen is Bitcoin dies and you lose disposable cash:)
4928  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 30, 2021, 05:13:41 AM
Prediciton

Spain
Italy

Denmark
England

What do you think?

Well, I've no choice but to back Spain, supporting them since whenever, and although they're not the same golden team I loved I think they finally clicked after 2 initially terrible group games. Switzerland will be on a high but I think that was a little bit of a France bad performance that helped them.

So same as you except:
Spain
Italy
Czech
England
4929  Economy / Games and rounds / Re: Sportsbet.io (Round #2) 🎾 Wimbledon 🎾 Prediction Contest on: June 30, 2021, 04:58:06 AM
a)  18 b)  1:59
a)  18 b)  2:01
4930  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC down , does the altcoin will keep strong on: June 29, 2021, 06:47:24 PM
But Bitcoin is still crypto and still what most of the world recognizes. If BTC does well, it's only good news for alts. And the converse is true as well.
Yes, bitcoin is like the starter of the market. If it's doing well, then the other cryptos will also end up having the same good day. We've seen it many times that whenever bitcoin is in bull run.
Then, it's making the same as the altcoins too to. Their season is coming after bitcoin's bull run and usually they're also going with bitcoin's season altogether.
[/quote]

Time and again indeed. I myself follow Litecoin and Monero markets, only because I have them, and as much as we do see them breakout on their own at times (XMR especially) we can't deny that if BTC does well, everyone else does too. There's simply no denying every cycle of bull and bear and trace that against alts? Same lines MORE or LESS.
4931  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Ethereum going to Die? on: June 29, 2021, 06:14:35 PM
The problem is that today Ethereum cannot offer a real solution to its problems. And the new alts, in addition to supporting smart contracts, with a fairly simple migration of smart contracts, offer many more interesting features on their platforms. At the same time, the developers of Ethereum, now all efforts are thrown into solving the balance of the cost of transactions, and subchains, which are implemented by default in many alternatives. The question is - for the survival of Ethereum, it must have really unique features in order not to lose its positions and defeat competitors. BUT. Instead of developing features, the key tasks of the system are currently far from new functionality, but only fix problems. What is much inferior to competitive projects

I find it weird I'm starting to defend ETH a lot these days but I've personally been convinced that they offer the right solutions at an approach that is conservative enough. Very similar people argue Segwit and LN were not real solutions to scalability problems (but they were!).

I think ETH is ultimately wrong do go POS but I'm happy they did and we can find out if that really is viable for security.

I think fixing problems as they come is a privilege for bit networks:)
4932  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BNB reached $100 on: June 29, 2021, 05:42:13 PM
Honestly, I still expect BNB to go up but it all depends on either Bitcoin price to up or not. Since most coin follow BTC, I just doubt if BNB can survive if BTC down furthermore. Very unpredictable, I'll wait few more times to confirm. BNB could surpass ETH, and that's alot of people said.

Not sure what to think at this point. I thought ETH was pretty crap for a long time just because of the DAO decisions but I managed to change my mind. BNB is not quite the same thing, highly centralized and heavy marketing behind it and not even really the real technical expertise (I believe) behind it.

But demand is demand.
4933  Alternate cryptocurrencies / Altcoin Discussion / Re: What happened to libra coins on: June 29, 2021, 05:10:14 PM
Libracoin, diem, whatever it's called. It's just paypal with blockchain.

Yeah i know that but he was asking whether libra is still alive or it already gone due to the legal problem with the US regulators. the creation of diem coin got inspired by how fast the growth of the stable coin in the cryptocurrency and diem already offered its service for some banks. We can't deny that if this potentially helping the adoption of crypto just like when paypal was adopting crypto
[/quote]

I suppose as long as something that already has tons of users like Paypal adopts Bitcoin AND it is because of demand (in which case it was) then yeah, it's a good thing.

I think we can forgive that these are centralized and that they don't even have real Bitcoin but its as you say. Recognition for the asset and the technology.
4934  Bitcoin / Bitcoin Discussion / Re: Satoshi’s Bitcoin whitepaper to be removed from Bitcoin.org? on: June 29, 2021, 02:37:02 PM
Like Cobra said, all the more reason to prove why Bitcoin is needed. I can't believe that clown is still forcing himself upon the community. Worse, I can't believe he actually has droves of supporters still crazy enough to fall for him.

Then again, I've seen enough of this world to know I should believe all that is happening.
4935  Economy / Gambling discussion / Re: [CONMEBOL] Copa America 2021 Discussion Thread on: June 29, 2021, 02:05:23 PM
Messi two goals, so he keeps on creating new records, happy for him. But yeah teammates, could you please just go and win it for him finally? I mean, he's carried you for so long, time to return the favor and let him touch the trophy man.

No surprises, just again once more we have the two tournament favorites topping the Group tables.

4936  Economy / Speculation / Re: Market Prediction for 2024 on: June 29, 2021, 07:55:03 AM
I do disagree that smart contracts have no real world applications though. I think the way limit orders are being programmed without trusting exchanges at least are now very popular, plus betting markets that automatically settle bets. Not a lot of use but when people see these working well I don't see why people wouldn't switch to smart contracts.
I would love to see a single use case.

The two you mentioned here:
1. There are no exchanges using smart contracts, there are only tokens created to let you swap different tokens. For example you can't trade bitcoin versus litecoin using a smart contract on ETH. There is also a much better way of doing this with a decentralized exchange.
2. For gamblers a simple side-chain or a hashed timelocked contract on bitcoin' blockchain itself would do the job a lot easier and much safer. If there is enough demand you could even do it on Lightning Network.

I was talking about decentralized exchanges though (Sorry if I should say CEX and DEX but I thought smart contract automatically means DEX). You should check out 1inch for example, it does use a smart contract for limit orders on ETH DEX like Uniswap. Those smart contracts were built on as far as I know, Ethereum, or copies from Ethereum.

2. I don't argue that Bitcoin blockchain is better and more secure but I beg to say that it is NOT easier. You can today ask a regular gambler to use a betting smart contract on ETH and he doesn't even need to know blockchain, he just needs to know how to place a bet. I do not think there is an easier way for Bitcoin or LN. The lack of demand sort of proves this.

Now, I am not a Bitcoin hater, it is my where my main beliefs are. I am not even an ETH lover, I only bought it in 2019 after finally admitting that yes, ok they got some things right finally.
4937  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 29, 2021, 07:18:36 AM
Switzerland - France match was great ! Switzerland, which was behind 3-1 in the last 15 minutes of the match, managed to take the match to overtime by scoring two goals in 9 minutes. When the score did not change in overtime, they went to the penalty shootout and Switzerland did not miss a penalty shootout. A penalty missed by world star Mbappe in France caused them to be eliminated. It was a very good match. Spain's opponent was Switzerland in the quarter finals.

Two teams coming back from behind 3-1 against some of the world's best teams. I think Switzerland would never have seen themselves coming so far in this tournament but here they are beating FRANCE.

I think the giant killing spree is not going to be over, what do you guys think? Mbappe loses market value after not being able to score the entire 4 games?
4938  Economy / Gambling discussion / Re: Sportsbet.io "Soccer Blackjack" @ 21.00 odds on: June 29, 2021, 06:11:30 AM
Man guys I wish the games didn't start so late. I should have stayed up and taken a day off work but Monday gave me a hell lot of work to do.

Looks like it was a push, but does anybody have the stats?

I'm trying to look at Google stats at full time (before ET) and I see:
Goals: 6 points from 3-3 full time score
Yellows: 5 cards
Corners: 6+4 = 10

Seems like it was 21:P
4939  Economy / Speculation / Re: Is Bitcoin at new heights on: June 29, 2021, 05:44:32 AM
Yesterday's market move proves these charts don't mean much in short/not so short terms after all. Now a breakout should be happening this week.

No. It will not continue to rise to $45k.

Probably skipping 45K and search for 55K and higher instead, proudhon knows ....

Exactly. Might even decide to skip 2 or 3 marks in each 10k bracket: 38/39/40 then 45/46/47 then 50/51/52 and so on and so forth. The higher price goes the more the extreme rallies will get and the more spots we are likely to skip
4940  Economy / Trading Discussion / Re: How to deal with bear markets on: June 29, 2021, 05:12:54 AM
In bear 🐻 market, I stop all my trading approach and stop my opening wallet of investment coins. I only buy some top losser coins which have listed top 100 ranked ok coinmarketcap.

Your comment is one of the shortest here and yet actually probably one of the most useful. Stop trading, no strategy is going to work, and no amount of checking your wallets is going to change anything.

Maybe buy the top losers (but also they should be actually good projects) in the hope they recover. Take ETH for example when it crashed to below $100!
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