Well, I say... let them burn their money, if they are doing this to sabotage Bitcoin. Let the miners do their thing and let the developers analyze this threat and implement their counter measures. We should never forget that Bitcoin is still experimental ... we still need to figure out if the tx fees will be enough to reward the miners.. once the Block reward falls away. It is just part of the evolution of this technology and ALL other tokens would have collapsed under an attack like this.... Bitcoin is still standing.  Are you suggesting a hard fork? I'm pretty sure that's going to happen if developers decide to block Ordinals from the Blockchain. Miners will be running the original chain (with Ordinals), while the rest will be running the "filtered" chain. With fees increasing each day, it should only be a matter of time before this happens. Remember that users (businesses, individuals, etc) are the ones who make Bitcoin what it is right now. Not the miners. They only validate transactions but don't have full control over the network consensus. We'd have to decide whenever we want fees to keep rising or all the other way around. Off-chain scaling methods (eg: Lightning Network) are experimental and not a long-term solution for the "scalability problem". Hopefully, everything will be back to normal soon. Maybe high fees will become a thing of the past?  |
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Good news for all those that lost money in recent hack (I hope no one here was affected) as Ledger just announced via Twitter that they plan to reimburse all those that lost their money ($600k). Plan is to reiumburse everyone until end of February 2024. I guess they realized that their reputation is fucked so know they are trying to smoothen things up.
Ledger already lost its reputation when it introduced a recovery service meant to restore access to your seed. The hack involving Ledger Connect only adds more fuel to the fire. Noobs won't care about this, but crypto veterans like me will start looking for other alternatives. If the majority of Ledger's customers are crypto veterans, then this will mark the end of its business for good. We are yet to see whenever the company will survive or fade away into oblivion. For what I know, there are plenty of alternatives that put security/reliability above all else. Open source hardware wallets like Jade and Passport are starting to gain traction. Lets see if Ledger will be able to keep up with the competition. As long as we have multiple hardware wallets to choose from, nothing else matters.  |
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Anything to worry about if you use mixers and not doing anything illegal?
Will any one come knocking on your door if you use mixers and not doing anything illegal?
Will posts like this be banned too after Jan?
Will using mixers be an expensive?
As far as I know, mixers aren't illegal. No government has declared it yet, but you can raise suspicion if you use a mixer to hide the origin of your funds. While there are legitimate uses for mixers, that doesn't mean a criminal won't use it to break the law. The main reason why governments are targeting mixers is because of privacy concerns. After all, they want to have a full scope of your entire financial life. I'd try to avoid using a mixer regularly just in case. With many centralized mixers being shut down by the government, we should expect the worse in the long run. Only non-custodial mixers will survive due to the way they're designed. Who knows what the future holds for privacy on Bitcoin?  |
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Consider the situation we were in 2021 and then considering the present situation we are in, what do you think is the problem? Most of us would say nothing! I would say it is the transaction fees, won't you agree on this part.
The whole concept of Bitcoin being the cheapest payment system already got ruined after 2017. Then came a time when institutional investors started buyin Bitcoin and we saw a new ATH. Everything was looking good until these guys, ORDI started utilizing the infrastructure for their own shit agenda.
What has happened now? High transaction fee, congested Bitcoin blockchain and continuous discussion about Ordinals. Cursing the miners and what not!
Where are we going as a Bitcoin community? What do the developer plan for the future? Is this infestation being done by the government? Let's discuss possibilities or we might end up with nothing before the next halving.
High fees are concercing, but it's part of the "natural process" of mainstream adoption. Even without Ordinals, fees will increase if there's a lot of demand for BTC. The only viable solution for scaling would be to increase the block size. L2/off-chain scaling solutions don't work because they still require an on-chain fee for opening/closing channels. Not to mention, they're centralized and highly-experimental. The community will ultimately decide the best path forward for the cryptocurrency. What we need to worry about is not the fees, but the way Bitcoin is organized. As long as decentralization/censorship-resistance is preserved, nothing else matters. Hopefully, the dust will settle after the block reward halving. I'd would wait to see what happens by then. |
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Bitcoins and other cryptos will never become mainstream before... people can buy water bottles with them.
Quite simple, many expecting an explosive entropy of the bitcoin adoption / price but truth is the average folk most common needs and use of money aren't met by bitcoin, this fact goes against the very foundation of any successfully implemented mean of money anytime across recorded history. It really is a political problem at it's core, the deep states run by bankers won't let a viable alternative co-exist in the streets. I have no doubt that with truly liberal and free alien civilizations, the blockchain technology would have attained (for all purposes) universal adoption in a shorter time that the cryptos have been around by now here.
What are your takes about that sentiment?
I know high on-chain fees are a problem for mainstream adoption, especially when we're talking about onboarding new users into Bitcoin. But there's nothing we can do about it if we want to keep Bitcoin "free" (as in liberty). Censoring Ordinals transactions would steer Bitcoin away from its original principles. Either people switch to the Lightning Network or use an alternative cryptocurrency with lower fees. I'm sure developers will increase the block size to alleviate the issue. If they don't, we'd have no other choice but to wait until the hype is over. We'll see less people having self-custody of their coins because of the rising on-chain fees. Lower fees = increased mainstream adoption. Let's not forget market volatility prevents BTC from being used as digital cash. Who knows how long will it take before things go back to normal?  |
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They are absolutely NOT losing out in the "transaction business", it's laughable because don't you see how
small Bitcoin's TPS is? It's not a threat to the banksters. But what they're probably afraid of is the socio-political uses of cryptography and how it could be a tool for social change, AND Bitcoin is the most-used cryptographic tool in existence. The more users it has, the bigger problem it will be socially and politically for them.
Buy the DIP and HODL.
Bitcoin at its current state, is not a threat to the banksters. But with scaling improvements (L2, sidechains, etc) it will. BTC's decentralized and open source nature should be a "red flag" for banks' very existence. That's why they're doing everything in their power to minimize its usage worldwide. Banks won't be able to defeat Bitcoin, but at least they will stay relevant for generations. As long as people use Fiat more than Bitcoin, nothing else matters. I believe Jamie Dimon's comments are nothing more than pure FUD. He could be secretly buying and holding BTC for the "big pump". The same can be said about Sen. Elizabeth Warren. They want to plunge BTC's price to buy it at a discount. Deep down, they know it's impossible to shut it down forever. Either you live with it, or be left behind in the dust. Just my thoughts |
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I consider a drop to the 35k USD price range a healthy correction, but it is impossible to say for sure.
The best thing is to always buy little by little, practicing DCA, if the price drops a lot you still have cash to buy more, and if it goes up you are already bought.
Altcoins are very risky and you need to be careful and know exactly what you are doing.
We can't predict where market prices will be heading to after the anticipated Bitcoin reward halving. Most of the time, prices went up. But that doesn't mean it will happen again. Everything is subject to the rules of supply and demand. A healthy global economy would propel market prices all the way to the moon. It's slowly recovering right now, so it will take some time before we're able to witness major increases in crypto market prices. If BTC hits a new ATH, you can bet altcoins will soar like crazy. High risk = high reward. As long as you play your cards right, there should be no reason to be concerned about losing everything in an instant (bankruptcy). Who knows what the future holds for altcoins? |
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A spot ETF and the XRP Ledger replacing the SWIFT system, should trigger a massive bull run for the XRP "cryptocurrency". This would be good news for XRP holders. While I'm not a fan of centralized coins like XRP, adoption of Blockchain tech by governments and banks is good for the industry in general. Don't expect XRP to "flip" Bitcoin, though. After all, no one can beat the "King". If XRP goes to the "double digits", BTC would already be in the seven figures. I'd say it's still early to invest in crypto. That's because there are many countries around the world that aren't even used to digital payments yet. Once there's widespread Internet access, people will get to know crypto better. Afterwards, mainstream adoption will increase at a fast pace. Who knows if early adopters like us will turn filthy rich in the future? Just my opinion |
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Most 100x returns from new projects are due to hype - so if you want to take advantage of this opportunity, follow the hype. I'm not necessarily suggesting you do - but you should be able to maximize your own opportunities and manage your own risks.
If someone knew which project would give them 100x profits in no time - then I 100% believe that they wouldn't bother telling you because they would be very busy getting more budget to put into that project. The problem is; everything is speculative and no one knows the future.
I'm afraid so. Most altcoin projects are a passing fad as they're driven by hype instead of utility. Those who manage to get in early will reap huge benefits in the long run. Current projects are eventually replaced by newer ones as investors/traders look for the next big thing in crypto. You can see why oldies like Litecoin and Monero aren't getting much traction these days. It's because greed has dominated the market for long. New coins (memes, smart contract blockchains) is where the money is. If you really want to make quick returns, then I'd suggest you check Telegram/Discord for updates. Any annoucement of a major event will surely drive the coin's price all the way to the moon. Just don't invest more than what you can't afford to lose and there should be nothing to worry about. |
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In theory, the Government can shutdown bitcoin if all countries on this planet earth decide to shutdown bitcoin but the people are smart so I don't think this gonna be happening. Next question what happens when bitcoin shuts down if all happen at once maybe the market will crash but not go to zero since most of the money is still on the chain and then people cant move their coin. the altcoin might will be hit hard and me as well  . Good luck with that. If governments around the world can't reach a common agreement, what makes you think all of them will unite against Bitcoin? As long as there's one country supporting the cryptocurrency, don't expect it to die anytime soon. Besides, there's nothing stopping people from secretly running BTC nodes. The code is open source too, allowing BTC to be developed/improved without restrictions. With how big the Bitcoin blockchain is, I'd say governments are already too late to stop it. Their best bet would be to restrict people from buying/selling BTC across centralized exchanges. But that won't stop them from using other methods (DEX, P2P exchange). Ultimately, BTC will live alongside Fiat currencies for generations. As long as it stays decentralized, we should have nothing to worry about. |
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Honestly, it's all about luck. Like what's happening now, many say that SOL tokens are going to be the good ones and that's why they're going to end up with some good gains because Solana is also pumping and gaining traction. But in reality, no one really knows what will be the next new projects that are going to gain those gains because we don't hold the market. And those that have good developers don't also guarantee the success of projects and that's why you just keep on DYORing if you're into it.
Anything that involves "luck" would be nothing than a pure gamble. You'll never know if the coin you've selected will go all the way to the moon or down the drain in an instant. Whales are usually the ones that manipulate the market for their own convenience. I'd choose coins among the top 20 ranks in market cap to play it safe. I'm talking about Solana, Ethereum, Cardano, BNB, and the likes. "Meme" coins usually blow up in price during times of hype. But they're a much risker investment because of their ever-growing supply and inexpensiveness. You'd be lucky to get out before prices go all the way down the drain. Be sure to check out the forums and social channels for more info on new coins. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. |
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Litecoin was one of the top coin even though it was a top 10 project in CMC. It is still a good coin to use for payments in various marketplaces as it is still faster than bitcoin and ETH. But there are a lot of new project that are offering better option than litecoin even some stablecoin are being used by some marketplaces where users can use USDT or USDC. Bitcoin competitors like litecoin, Bitcoin cash and others similar to those projects are losing their cause to the Eth L2 project which is highly scalable and business friendly.
L2 projects are usually centralized. What's the point of having low fees and faster settlement times if the network is in the hands of a few players? Besides, L2 requires you to pay an on-chain fee for closing/opening channels. Increasing the block size (on-chain scaling) would be the only way to go. Litecoin may have a 1mb block size, but it can handle far more transactions than Bitcoin because of the reduced block time. I think it has a place in crypto land, especially when it's one of the few cryptocurrencies out there with decentralization in mind. The constant block reward halvings should make LTC scarcer (and hopefully more valuable) over time (there's a max supply of 84m coins). As long as LTC remains useful, nothing else matters. Just my opinion |
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It's not next, we're already in hype of Brc20 tokens, I see so many of them giving huge gains, when you look at these projects you know they won't last longer, it's precisely like 2017 ico/airdrops hype, no substance but still value. People are made after them for gains.
Ngl, I also felt like diving into them, but I understand nothing about it, and crazy Bitcoin fees counts too.
BRC20 tokens = NFTs. And that my friend, would be a thing of the past. The next big thing would be Real World Assets (RWAs) and Soulbound Tokens (SBTs). They will take off on Ethereum before the hype spreads into other chains (Bitcoin, Solana, etc). I believe the excitement will happen after a prolonged bull market. Just wait until Bitcoin spot ETFs are approved for these tokens to take off. This is the usual behavior of the crypto market. Those who get in early will ultimately reap the rewards. Who knows what surprises we'll find in the future? |
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Exactly. You can see how the hype slowly fades away as people move on to the next big thing in crypto. These Ordinals NFTs are nothing more than pure speculation. What real use cases do they have? Nothing. With due time, fees on the BTC blockchain will decline as speculators and/or whales move on to other chains that are faster and cheaper to use. As much as I don't like Ordinals, I wouldn't recommend blocking/filtering them because that would make Bitcoin prone to censorship. The future can't be predicted, so lets hope for the best. |
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Filthy rich! I think almost any human being in the world would agree to the hypothetical scenario that they can found a business today, build it into a multi-billion dollars empire within just six years, become a multi-billionaire, go to prison for 18 months and pay $50 million and then get released, be a free man and enjoy life. I am sure that part of the deal was CZ can go to the US whenever he wants and does not get recjected at the boarder.
But what is a bit weird are the different reports about the sentence he could be facing. Most reports say 18 months whereas there are sources stating that he could be facing up to 10 years. I assume that there was a deal about that at some point?
CZ has been a smart guy and I doubt that he kept most of his fortune in the form of BNB. I guess he is swimming in BTC and businesses and real estate all over the world. Does anyone understand how these $50 million were chosen as the fine? Is that based on his income or is that all about negotiation or some catalog?
As they always say, "money talks". You can see why the wealthy (the elite) has a huge advantage over the poor. They can buy politicians and/or government officials for their own favor. I believe CZ will be facing minimal jail time as he paid a hefty fine of $4B. It's all a matter of keeping the government happy. SBF was not so lucky because he lost everything in an instant. If he still had money left, he would've probably used his "get out of jail free card". Bankruptcy is what killed SBF and his little empire. CZ, on the other hand, lost money but his empire was still afloat. What happened recently is only a mirage as Binance will emerge bigger and stronger than ever. It will work more closely with the regulators to prevent such thing from happening again. With Binance out of the picture, I wonder which exchange CEO will be targeted next? Coinbase's Brian Armstrong, maybe?  |
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From memecoins to nft's etc what do you think will be the next hype of 2024 or 2025? I personally think of real utility and true privacy. I think CBDC's and constant blockchain tracking will scare a lot of people and they will want true privacy something that monero can bring. Privacy by default is what will be highly desired and needed in the coming future as it will be highly beneficial. Nobody wants to be tracked 24/7 of everything they do.
What do you think?
The next big thing in crypto will be RWAs (Real World Assets). This means the tokenization of physical assets from the real world into the digital world via the use of Blockchain tech. I'm talking about Gold, Silver, Diamonds, Copper, and anything else you can think of. Paxos Gold and Tether Gold are examples of a RWA. I don't think privacy will be "highly desired" in the future, especially when most people "have nothing to hide". The public prefers convenience above all else. Even if that means letting governments get into their personal life. CBDCs will be the perfect tool for full-fledged authoritarianism in the future. Just wait and see. Once they're launched, you can say goodbye to stablecoins for good. Decentralized cryptocurrencies will survive, but they will only be used by a few. It'll be a dark future for crypto and our society as a whole. At least, Blockchain innovation/development is on-going. Nothing is set in stone yet, so lets hope for the best. |
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Can you see the mempool? Very congested.
Who are the ones pumping SATS and RATS? I can see CATS on Polonix pumped 400% today. Probably they will bounce on it to pump it more.
You know the funniest thing? No presale, no social media, no advertisement for these tokens.
SATS pumped almost 10 times in 2 weeks. Having over $1.75 billion now in marketcap.
RATS almost pumped 30 times in 3 or 4 weeks
CATS pumped 4 times today.
Who are pumping them? I do not want to believe it is not bitcoin people.
Indeed. But there's nothing we can do about it if we want to keep Bitcoin censorship-resistant. It's a permissionless network after all. You can either wait until fees decline (usually on weekends) or switch to an altcoin with lower network congestion. You can also get into the Lightning Network after on-chain fees decline to an acceptable level. Afterwards, it'll be possible to send/receive BTC almost instantaneously at a fraction of the cost. Just like ICOs became a passing fad, I believe the same will happen with Ordinals NFTs. You just need to be patient. As long as decentralization is preserved, nothing else matters. |
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I certainly think this latest Ethereum update stengthens my argument for the real world assets storyline which might begin on 2024 or 2025. The Ethereum community has approved the ERC-3643 standard. This standard is the first-ever designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.Source https://cryptobriefing.com/ethereum-community-approves-first-ever-compliant-tokenization-standard-erc-3643/It's inevitably the future. RWAs are so much better than crappy NFTs with no real use cases (JPEGs, digital art, etc). Everything from Gold to Diamonds and Real Estate will be tokenized on the Blockchain. A good thing for ETH's long-term mainstream adoption. The only problem would be scaling, but that's something the community would need to discuss at a later time (L2 scaling is not a solution to all of ETH's problems). I guess ETH will further solidify its position as the second-largest cryptocurrency in the world m. I wonder how other chains will catch up? Crypto land is full of surprises, so expect the unexpected. As long as "De-Fi" fulfills its mission of bringing "banking to the unbanked", nothing else matters. Just my thoughts |
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Currently Altcoins are start growing and crypto market condition is pretty good as every where is green. And many of us expected that, bull will come soon and so people already start analysis for which altcoins should buy and could be best investment for bull run. But as we know, market goes a little down when it comes to BTC Halving, which will be happened probably on 24th april, 2024.
So are you going to pick your altcoins Now?? Or During/After BTC Halving while you can buy altcoins with low price?
I think the right time to invest is now before the halving. Afterwards, market prices will soar like crazy due to hype/FOMO. Choosing the right altcoin is tricky, especially when the market behaves in many strange and bizarre ways. Some altcoins go up due to certain events (airdrops, partnerships, etc), while others go down the drain as developers abandon them in favor of the next big thing in crypto. I'd choose altcoins with a proven track record of development and innovation. Those that aren't driven by hype but deliver concrete results to the public. Usually coins within the top 20 ranks in market cap are worth the investment. ETH and SOL are "blue chip" coins that are bound to increase in price in the future. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion |
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All of your concerns and worries have been factored in, even the government in all its weight can not shutdown Bitcoin except the internet no longer works anywhere in the world anymore.
Worry about nothing, Satoshi is indeed a wise man, he knew systems and policies will warrant him to shutdown so he hid himself totally
Satoshi even made sure Bitcoin was open source to allow people to "resurrect it" if things go wrong in the future. Because of this, the cryptocurrency is truly unstoppable. Governments would have to shut down the whole Internet and eliminate traces of the source code to destroy Bitcoin for good. But this would be something impossible to achieve. The least governments can do is make BTC "illegal" by banning its use across the region. Regulatory action can only be enforced through centralized exchanges and service providers. BTC has gone far since its inception, so I'm certain it will last another 10-20 years. As long as it stays decentralized, there should be nothing to worry about. |
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