Governments seem to come up with something new to prevent crypto from achieving its full potential. From cracking down on mixers and enforcing KYC across centralized exchanges, they aim keep crypto under their control. The only things they can't manipulate or enforce the rule of law (aside from blockchain networks themselves) are decentralized exchanges. But what if governments decide to hunt down the developers of DEXs? Or what if they estalish a law where developing a non-compliant DEX (no-KYC) can be subject to prosecution (jail time or fines)? If that happens, the industry will be doomed. With a US senator drafting the "Digital Currency Anti-Money Laundering Act of 2023", anything's possible. What do you think will happen if DEXs are "banned" in the future? Will they die? Or will they still survive (despite the fact that most people will avoid them to prevent jail time or being fined)? Your input will be greatly appreciated. Thank you very much.  |
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I want to stake my SOL with the highest available APR/APY. I've used Lido.fi in the past, but it stopped providing SOL staking services a while ago. I'd like to know which staking pool gives you "more bang for your buck". Also, do you know if the pools are decentralized (non-custodial) or operated by a single entity (centralized)? That's an important factor to consider, especially when there's the risk of losing everything in an instant. Your input would be greatly appreciated. Thanks. |
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I've read online that you make money by providing liquidity for a token on Uniswap exchange. There's also a way to do arbitrage on Uniswap by using an MEV bot. Same goes for PancakeSwap and Sushiswap. It's like earning money from staking but you're getting paid from trading fees (if I'm not mistaken). I've never tried this before, so I want to know if there's a catch before going all in. Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. |
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For trading, I have been using USDT, it makes it easier to know how much profit or loss I've made compared to a fiat equivalent. For withdrawal between exchanges, I mostly prefer LTC as it generally have the lowest fee and wider acceptance. An immediate alternative to LTC is BCH and exchange like Coinex provide zero withdrawal fees for it. My goto dapp platform is BSC and binance provides zero or very low withdrawal fee for BNB and related tokens. Gas fees on BSC are cheaper compared to ETH and the problems are fewer compared to matic.
People often overlook these coins (LTC and BCH), because they consider cryptocurrencies as an investment tool. Not digital cash you can use to pay for goods and/or services. At least, fees are extremely-low in Fiat terms. The lower the market price for a coin, the better. Once a Blockchain network gets congested, you can say goodbye to low fees for good. That's if developers don't introduce scaling upgrades meant to mitigate the issue. It's what's happening now with both BTC and ETH. At least, we're not tied to a single coin. As long as there are plenty of alternatives to choose from, there should be nothing to worry about. Just my opinion |
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It does hit really hard for people who like DCA and do not keep their money in centralized exchange, in fact because this F*cking ordinal is really hard for everyone except the miner who get 3-6 Btc in a single block.
Merchant or a freelancer like will be also hit by the high fee because they should consider the fee and must to add to their service for a freelancer and merchant might see less people using bitcoin if this not allowing down
Indeed. These high fees will force most people to keep their coins in a centralized exchange. This is bad for Bitcoin, but good for mainstream governments. Maybe this is part of an agenda to prevent self-custody of BTC in the long run? With high fees, it's impossible to use Bitcoin as digital cash. It would only work as a store of value for large money transfers. Most likely, the wealthy (elite) and whales will be able to move their BTC on the Blockchain without issues. Average people will be forced to move to altcoins with lower network congestion. Even without Ordinals, fees were going to increase if BTC went into the mainstream. It's developers' duty to improve transaction capacity by increasing the block size. The Lightning Network is not a definite solution for Bitcoin's scaling issues. Whatever happens in the future, rest assured BTC won't disappear that easily. As long as decentralization is preserved, nothing else matters.  |
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What would that change? Paying for something with crypto would still be hundreds of times slower and more expensive and cumbersome than doing so with a credit card. Some government forcing it down people's throats will just create a backlash.
That's because most popular cryptocurrencies are congested. If developers increased their transaction capacity, fees would've stayed low for a very long time. I believe Blockchain tech already has the capability of processing thousands of transactions per second without issues. It's just that developers are wary of making crypto centralized by doing this. We'd have to decide whenever we want low fees by sacrificing decentralization, or all the other way around. Bitcoin can be already be used for everyday payments through the Lightning Network. It's just that market volatility (unstable prices) "kills it". Not to mention, the off-chain scaling solution (Lightning Network) is still experimental. With due time, Bitcoin will be improved until it becomes a "force to reckon with". Ubtil then, we'd have to wait until the dust settles. Hopefully, Bitcoin will last a lifetime. Who knows what the future holds for the cryptocurrency? |
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In order for SOL to surpass Ethereum in capitalization, its price must increase 6 times and reach a price of $600. And at the same time, the price of Ethereum should remain at the same level as it is now, which looks implausible. For me, it looks more likely that XRP can move ETH off the pedestal, but this can only be expected if the court proceedings against the SEC are completed positively.
Exactly. There's no way Solana will be able to "beat the King". Despite having lower fees and faster speeds, SOL dominates a small portion of the market. ETH's ecosystem is the biggest one in the industry (after Bitcoin) with a plethora of dApps, tokens, and services to choose from. It may be slow and expensive at times, but it's the #1 platform for "De-Fi". With due time, ETH will be able to scale to millions of users worldwide. This means a considerable reduction in fees and wait times. I believe SOL will go as far as becoming the third-largest cryptocurrency by market cap. That's if demand continues to increase at a fast pace. Why focus on replacing ETH, when all chains can work together to make crypto land a better place? The more alternatives there are, the better. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my thoughts  |
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Investing into new coins thinking that it will blow up is a high-risk high gain situation. There are no guarantees that it will blow up for sure. It's like playing a gamble. The crypto market is uncertain and you can never be 100% sure about anything in this. So finding a reliable method in order to find a coin that will blow up 100x is not that easy. And it may not work accurately every time. This is why investing what you can offer to lose is really important.
If you are ready to gamble, only then you should invest into new project. There are other things that go on there, but they are not that much important. Find Intel about the project, its team, its use cases and take a leap of faith. That's all I can say.
It's like playing "Russian Roulette". You either go broke or get rich in an instant. Unlike Bitcoin, altcoins are much more volatile in market prices and are highly experimental. The risk of loss is simply too high to bear. For those who want to test out new features or want to "ride the crypto train", altcoins prove to be a great investment. You can buy altcoins at a cheaper rate than Bitcoin. It's possible to get rich with altcoins if you play your cards right. By exploring Telegram, Discord, and "X" (formerly known as Twitter), you can find new coins that could "explode" in the future. As long as you don't go crazy putting your life savings into altcoins, there should be nothing to worry about.  |
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Now solana has grown in value so well, probably even better than some other shitcoins. Now they say that this project is the future ethereum. Maybe the price will be above $100. But it seems to me that as soon as the hype is over, solana will be forgotten again.
Solana's recent price surge could be attributed to the rise of "meme" coins (particularly BONK) on its own blockchain. Once the hype is over, it's likely SOL will decline at a fast pace. I don't see it retaining high prices in the long term, unless the project puts usability above all else. Despite predictions of SOL "flipping" ETH in the future, I don't think it will happen especially when ETH is the dominant force of "De-Fi". No one can beat the "King", anyways. I'd be surprised if the current "pump" propells SOL way past its latest ATH. The effects will be short-lived, but it will be a very profitable moment for those who bought SOL @ $30 per coin. If the project puts decentralization first, it will last a lifetime. The future is unpredictable, so we can only hope for the best. |
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Well I can still remember when some months ago the price of solana was nearly around $30 and my friend talked to me about it, I never took them seriously since I was aware of the problem facing the network and at this point, we had gone past that era of nsolaba networks problems and for now, we are set and ready to go into the next phase of the project which have indicated a lot of possibilities in that regards.
To see Solana going almost to $100 in this period is something that we need to pay close attention to and follow up with the market and also have the risks in mind also, this is best at a time to be able to check how deep we are into the price pump already.
We didn't imagine Solana would rise back to its former glory after the FTX collapse. I've invested in this coin a few months ago in case it experienced a "pump" in the future. Turns out, I was right. How long will the hype last, is an excellent question. If Solana is able to avoid outages like it's been doing lately, I don't see why it can't reach a new ATH in the future. After all, it's one of the cheapest (if not the cheapest) blockchains available for NFTs and day-to-day payments. SOL already surpassed XRP and BNB, becoming the fourth-largest cryptocurrency by market cap. With VCs showing huge interest in this coin, it's likely we'll see a spot ETF launching in the US soon. That would propel SOL towards new heights, possibly reaching the $500 milestone. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. |
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Well, the sooner we stop beating about the Bush, the better for us, the truth is that, a lot of bitcoin people are actually excited about this projects, as long as they get to money, that's all they are after.
As painful or disappointing as this may seem, the truth remains that, not very many care much about the health and well-being of the bitcoin network, they care not whether the fees are off the roof, all they care for is to make money, and they do not care what or who gets affected by their actions.
I have a bitcoin payment I am supposed to have sent since 3 days ago, but can't because the high fees, as I just can't get myself to agreeing to pay a fee of $15 to $20 just to send $50 worth of bitcoins to another wallet.
This thing is really painful and annoying at the same time.
If the community doesn't do anything about the fees, mainstream adoption for BTC will decline at a very fast pace. Average people will just switch to another cryptocurrency with lower network congestion (cheaper and faster to use). With the halving underway, things will only get worse. There's no denying that miners are cashing out big time with the Ordinals craze. They don't care if users have to pay high fees, as long as their pockets are filled with money. Maybe developers will find a way to lower fees without blocking/filtering Ordinals inscriptions? I'd say Bitcoin already entered uncharted territory. We can't predict what will happen in the long run, so lets hope for the best. Just my opinion |
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There's no easy way to undo ordinals at this point. You are going to need to gather enough capital and mining power involved to basically push for what would be a BTC hardfork without ordinals, and this would need to be done in a way that guarantees no future ordinals are possible, but then again, how do you this without causing another hardfork civil war, and how do you do it without getting rid of taproot? because if taproot is possible, I believe there could be ways around any restrictions put into ordinals to come up with alternatives.
It's all because of SegWit + Taproot. Without those upgrades, Bitcoin would've stayed a pure money system by now. Forks like BCH and BSV didn't need Taproot because they took a different approach for scaling (increasing the block size). They are safe from Ordinals. Now BTC developers would need to find a way to lower the fees without censoring Ordinals inscriptions. I know miners won't like this, but it's the majority that counts (users, node operators, businesses, etc). If a super majority approves a reduction on network fees, miners would have no choice but to "go with the flow". I hope this issue gets solved ASAP, for Bitcoin to reach the masses. Especially people in developing countries. At its current state, Bitcoin can only be used by whales and the elite. This creates an unequal system where the rich get richer and the poor, poorer. The future is widely unpredictable, so we can only hope for the best. |
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I’m sorry, was the concept of Bitcoin to be the cheapest payment system? No. The concept of Bitcoin has its primary focus on decentralization, security, P2P electronic cash, etc. But I do agree that the transaction fee happens to be a big challenge in general. What’s even worse is that we do not know what’s happening next, will the transaction fees keep flying high or will it reduce already? But nonetheless, Satoshi’s focus wasn’t cheapest payment system.
Well, if we want Bitcoin to be used as a payments system, fees need to be as low as possible. Otherwise, Bitcoin would only be used as a store of value for large money transfers. I think this is what "Wall Street" wants, especially when several crypto industry players are in support of Ordinals. Miners won't let go of their huge revenue just because most users don't like Ordinals. So we should expect fees to remain high for quite some time. Bitcoin's only "salvation" would be an increase in the block size limit. The Lightning Network has been proven from time to time to be an utter failure. Not only that it's buggy, but you'd still need to pay a high on-chain fee just to open/close a channel. This is not scalable, in my opinion. I just hope things get back to normal soon, so Bitcoin can fulfill its purpose of being a system for the "unbanked". People from developing countries (El Salvador) are suffering the most with high on-chain fees. Who knows what the future holds for the cryptocurrency?  |
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In the statement released by the FBI or whoever it was when the most recent mixer was shut down they said something like "Mixers are not illegal". This means using mixers is not illegal. If you're carrying out any illicit activities with mixers, that's what is illegal.
It's the same thing with using the Internet.
You're boldly using the Internet and nobody has come knocking at your door simply because you use the internet, but if you use the internet for illegal activities, somebody might come knocking.
That's certainly true, mate. But be aware that governments can make mixers "illegal" anytime if they want to. Especially if they see crypto becoming extremely-popular in the long run. They will come up with the excuse that mixers are used mainly for money laundering and tax evasion. People that are caught using a mixer could either face jail time or may be required to pay a fine. In extreme situations, governments can prosecute developers of non-custodial mixers for launching an unregistered money service business (MSB). With US Senator Elizabeth Warren introducing the "Digital Currency Anti-Money Laundering Act", we should expect the worse. At least, within the US. Other countries might do the same if they see people "ditching" Fiat in favor of crypto. It's all part of the agenda to undermine personal freedom and privacy. Even this forum will ban anyone promoting mixers. It'll be a dark future for the whole crypto/Blockchain industry  |
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Paid Received. Merry Christmas to everyone in advance! |
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Well that's a blast from the past. I am not the only one who forgot this existed and there's a good reason for that. Decred is outdated and boring, it's like a computer that's running with steam still pretending to be relevant. I personally don't understand why this dinosaur exists and i don't get the community or excitement. It has
It has a small marketcap so it has growth potential, and what i see is it does react to bullruns and might break $1k if BTC breaks $200K. But i can't see it being exciting enough to break trough top top 10 or anything like that. It's just a generic boring altcoin that makes money like lots of altcoins just because thet make money during an altcoin season.
Exactly. Nobody cares about old coins these days. Investors are looking for innovative projects, especially when if they can make them a lot of money in return. The only exception is Bitcoin because it's the one cryptocurrency that started it all. If a coin isn't a "meme" or doesn't have smart contract features, don't expect it to "pump" anytime soon. Decred (DCR) has been having a hard time reaching a new ATH, so it's likely prices will remain the same even after BTC hits $200k. This coin is slowly dying as competitors take the stage as the next big thing in crypto. Instead of DCR, why not choose LTC instead? It's as close to Bitcoin as it gets. The crypto market is extremely-unpredictable, so I'd suggest the OP to proceed with caution just to avoid losing it all in an instant. |
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So we all remember the time when dogecoin first came out, it was such a hyped-up altcoin, and everybody was excited about it. People start investing into the coin, and then it ends up sky rocketing! Who here was one of the people who invested into dogecoin while it was around the 60 cent mark, and wanted it to go up even higher, but then ended up losing a ton of money? Well I’m one of those people, and currently, dogecoin seems to be doomed, and I haven’t seen it get past the 10 cent mark in so long, and doubt that it will anytime soon. Coin doesn’t seem to be going anywhere, so for that could we get an RIP dogecoin in the chat? 😢🙏
I remember when DOGE was worth less than $0.01. It was often overlooked by many because of its inexpensiveness and ever-growing supply. After all, the creators of the coin said it was nothing more than a "joke". It took one man to lead the cryptocurrency all the way to fame. If I knew someone like Elon Musk was going to endorse the "meme" coin, I would've bought lots of DOGE to sell it after the "big pump". While I didn't lose any money, I also didn't make any. I regret not taking the opportunity of a lifetime to become filthy rich. Perhaps, that's why new "meme" coins began to appear. People who missed the train are now investing in Dogecoin alternatives with the hopes of becoming rich in the short-term. But I think it's already too late. Dogecoin will eventually lose its value, as Elon Musk moves on to the next big thing in crypto. The future can't be predicted, so lets hope for the best. |
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SOL is trading at a 20-month high on the back of a bustling DeFi ecosystem and meme coin mania. This week, total value locked (TVL) on Solana topped $1 billion for the first since FTX's collapse in November last year, spurred by rising asset prices and consistent inflows to DeFi protocols. Decentralized exchanges on Solana have experienced a boost in trading volume. On Dec. 15, Orca facilitated $746 million in volume, it has previously surpassed $100 million only once before November. Much of the increased activity can be attributed to meme coins like Bonk, a dog-themed token that now has a market cap of more than $1.2 billion. SOL is currently trading at $81.04 having risen by 9.14% over the past 24 hours. Trading volume is up by 39% to $2.6 billion, according to CoinMarketCap. Solana Leapfrogs XRP as Fifth-Largest Crypto, Spurred by Meme Coin Mania
So far it has been a very good day for the Solana investors and other memcoins, even though the difference is just around 1 Billion market cap still its good to be in the top 5 after FTX collapse. Solana investors, what is your next step? Solana may be centralized, but it's still a better option than XRP (the latter is patronized by bankers). The recent surge in price could be a result of hype. This might be a short-lived event, leading SOL back to sub $30 prices for a while. It's surprising to know how a "meme" coin (BONK) can create a lot of buzz on the crypto market. This shows us the same is not mature yet. I hope Solana doesn't get clogged with too many worthless "meme" coins and NFTs. Otherwise, fees will rise and transaction confirmation times will decline (just like it's happening with Bitcoin and Ethereum right now). For a coin that was linked to FTX, it's surprising to see it getting back on its feet. I'd hold on tight to see what happens in the long run. Maybe Solana will finally get past its ATH of ~$200 per coin? |
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wow! Solana just reached over $80! Of course it will dip down again but I think it will reach even higher and stabilize over $80 and even more, i was shocked when it was up to $70 and even $60 and now $80. This year Solana have reached 557.1% November 2021 Solana reached it's all time high $259,96. Do you guys think it's possible for Solana to reach a new all time high again? I hope I didn't jix it now and Solana will go down 50% next 24 hours. https://www.coingecko.com/sv/coins/solanaEDIT: Maybe worth adding. I bought Solana when it was at $20 and then I bought more when it was at $30. All Solana I have i staked. What do you think about staking if your plan is to hold long term? Exciting news for Solana holders. I believe the "pump" is linked to the sale of the "Solana smartphone" and the "BONK" meme token. It could be hype more than anything else. Despite the recent surge in price, SOL is still behind its ATH of around $200 per coin. If you were holding SOL before the "pump", I'd suggest you sell your coins for profit. But if never had any SOL and want to buy, you may need to wait until the dust settles. Otherwise, you will end up buying high and selling low. I'd be surprised if Solana rises back to its former glory after the downfall of FTX. That would mean the community is holding the coin together to make it a "force to reckon with". Maybe Solana will become the third-largest cryptocurrency by market cap soon? Just my thoughts |
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It was a question that's been asked months ago but it's very timely. Using BTC now for transactions will be costing you a lot of fees and might be the same for ETH because sometimes fees there are also that much. For LTC, I've used it and it still has cheap fees at all.
If there are other networks like the TRC20, matic sol, and many others. Wherever you can save fees, use them at this moment but eventually for the fees of Bitcoin, I think that they'll be very back soon for being cheap again.
What's the point of having cheap fees, if the network you're using is centralized? Most people don't care about this as they prefer convenience above all else. If you want the best of both worlds (decentralization + convenience), I'd suggest you try Litecoin instead. It's fast, cheap, with a tried-and-tested blockchain network that's truly censorship-resistant. Not like Solana which is centralized and subject to network outages. The reason why LTC isn't pumping is because of poor marketing/promotion from the developer team. It doesn't have smart contracts (unlike its competitors) which is a huge turn off for many. I'd prefer LTC anytime because of the reasons mentioned before. ETH for once stood as a great alternative to BTC, but it got "ruined" after the switch to PoS. Not to mention developers are clumsy (no offense intended) when it comes to scaling the main ETH blockchain. They're leaving everything in the hands of L2/off-scaling solutions such as Arbitrum and Optimism. As crypto becomes more popular, we should expect fees to rise over time. They will only stay low if developers continue to increase transaction capacity of underlying blockchain networks. As long as decentralization isn't compromised in favor of scalability, nothing else matters. Just my opinion |
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