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61  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Monero survive exchange de-listings and low merchant adoption? on: May 10, 2024, 01:58:58 AM
The privacy coins are gonna lose its users caused by people know that if they are fine even if they are trading by verifying their identity. Almost all of privacy coins have been going to the hell. I remember there were a lot of privacy coins in the previous years. We are only seeing a few that is still exist this time. I remember a coin like veil but almost all of privacy

Of course. With recent government crackdowns, more people will abandon privacy coins. I think Monero will be the only one that will stand the test of time due to its large community following. Not to mention, it's the most actively-developed privacy coin in the industry. I see the recent turn of events as a positive thing for XMR. Developers will now be forced to create truly-decentralized solutions for buying/selling Monero, among other things.

With LocalMonero out of the picture, Bisq remains the only DEX where you can get access to XMR. Haveno and Serai are an option, but they're still under development. The developers of these projects need to remain anonymous to avoid getting targeted by the government. As long as they stay that way, nothing will be able to stop people from getting true financial privacy and freedom. Who knows where Monero will be 5-10 years from now? Smiley
62  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in stocks with crypto? on: May 10, 2024, 01:52:16 AM
Check out Swarm.com. It has been on my Twitter following recently and it seems good but I personally haven't tried it yet so DYOR.

Funnily enough, a decent number of DEXs(Gains, etc) supported a few high marketcap stocks in the past but I just checked right now and they don't. Demand probably isn't there and they'd rather focus on crypto.

Well, I wouldn't count on stocks listed across DEXs. Especially if they don't have the green light from the regulators. Who's to say the issuer of the tokenized stocks won't run away with the money?

I'm surprised there are no legitimate ways to buy stocks using crypto. Maybe it's too early to ask for something like this? With BlackRock announcing its intentions to "tokenize everything", we should expect stocks to be traded across blockchain networks in the future. I might have to stick with Fiat for a little while (unfortunately). I will try the new site you've mentioned to see for myself. It better be worth it. Cheesy
63  Alternate cryptocurrencies / Altcoin Discussion / Can Monero survive exchange de-listings and low merchant adoption? on: May 09, 2024, 09:14:16 AM
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I've now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.

Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. Smiley
64  Alternate cryptocurrencies / Altcoin Discussion / Investing in stocks with crypto? on: May 09, 2024, 02:09:57 AM
Is there a way to invest directly in stocks with crypto? I'm talking about depositing BTC or any altcoin in a broker/exchange and use the funds to buy a stock of your choice. With crypto getting popular each day, it would be disappointing if we didn't have such a feature. It's likely stocks will be tokenized on the Blockchain the future.

If you know of any broker/service/exchange that allows this, please let me know. Thanks. Smiley
65  Bitcoin / Bitcoin Discussion / Re: Will blockchain survive the crackdown on mixers and anonymization? on: May 09, 2024, 01:36:34 AM
It would appear, based on the news this week, that major world governments like the US and others are cracking down on the notion of "government-proof privacy", and prosecuting companies and individuals who facilitate money transfer that cannot be potentially traced by a government. They are going after mixers and brokers who do not adequately engage in KYC.

In short, it would seem that governments are trying eliminate the very thing that Bitcoin--and blockchain generally--was originally designed to accomplish.

What does this mean for the long term prospects for cryptocurrencies? Will blockchain survive losing it's original purpose?

My own answer is: "yes", in the short term, and "maybe" for the longer term.

I have written before about different kinds of "privacy" that people might want, and most want privacy from other citizens, from companies, and from criminals: privacy from a targeted investigation from the government is a level that, in my estimation, a "nice to have" for most people, but not a dealbreaker.

Hence in the short term, cryptos missing their original purpose is not something most consumers care about. Most holders of Bitcoin these days do so in a centralized way, e.g. with an app or a broker that keeps their account under their name, in a centralized database.

As for the longer term, this brings up an important question: why use blockchain at all?

Blockchain is slow and expensive to transact in on purpose because of proof-of-work and decentralization. No cryptocurrency will ever come even close to scaling to the billions of transactions each day by people worldwide.

But a digital currency that is not blockchain-based can accomplish this and provide the same mechanism for speculation and value store that blockchain-based currencies provide. In my opinion, the long-term future of the actual blockchain architecture behind today's cryptocurrencies is... unclear.

Blockchains will survive. But only if they remain decentralized and censorship-resistant. Mixers and privacy/anonymization techniques are completely different things. Governments have only been able to shut down centralized mixers, but they'll never be able to stop decentralized ones. Consider how Tornado.Cash survived despite being sanctioned by the US. These actions are not surprising to me, especially when governments don't want people to achieve true financial freedom and privacy.

It will be a long war between crypto (especially Bitcoin) and mainstream governments. I'd say there's nothing to be worried about. Hopefully, crypto will live alongside Fiat for generations. Smiley
66  Bitcoin / Bitcoin Discussion / Re: Hard fork to disable inscription. on: May 08, 2024, 11:14:37 PM
Could we make a hard fork to disable new inscription to reduce the network pressure. Then both inscriptoin supporter and objector can work on each chain. That may seeperate bitcoin value to two chain, and probably, one chain can gain more value,we can call the coin on this chain BTC, the other chain must called another name. Even though, the inscriptions inscribed before fork seem valid after fork.

A BTC developer under the name of Luke Dashjr already proposed a "fix" for the Ordinals inscription. But it hasn't gained traction yet. You can still run Bitcoin Knots (which is a node software under development by Luke Dashjr) if you want to filter Ordinals inscriptions. Many in the community would consider this as "censorship", so I wouldn't count on a hard fork soon. We should expect strong rejection from miners. Especially when large fees are mostly beneficial to them.

BTC users will be forced to wait or switch to the flawed Lightning Network for "fast and cheap" transfers. Who knows what will happen with BTC in the future?  Undecided
67  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 08, 2024, 11:11:39 PM
Check Monero's development team.  They are anonymous since 2014.  That means you can be anonymous as long as you are not reckless. 

That's the point. You can be anonymous without leaving any trace on the web. Only if you follow the necessary security precautions. Unfortunately, most developers and people involved in crypto don't care about their privacy/anonymity. Most of them want to attract VCs, and institutional investors just to get enough funding to "pump" their coin all the way to the moon. And the only way to do that is by revealing who they are.

If developers were anonymous, investors are going to believe the project is a scam. That's the issue. Crypto figures like Charlie Shrem, and Roger Ver are ultimately paying the price of revealing themselves to the public. Who's to say Vitalik Buterin, Charles Hoskinson, and Gavin Wood are next? If everyone followed Satoshi's footsteps, crypto land would be a much better place. Sad
68  Economy / Economics / Re: The collapse of central banks...Inevitable? on: May 08, 2024, 12:33:25 PM
Nah. I wouldn't call it inevitable and history has pretty much proven that op. Central banks are like the GPUs/Hearts of the world governments implying that they will survive no matter what happens.

Bitcoin overtaking FIAT is just a pipe dream that some believe in while most people including me strongly believe that it will continue serving as an alternative payment method to FIAT.

The problem is most people consider Bitcoin to be an investment tool. NOT a currency. Because of this, it will never replace Fiat. Governments won't like the idea of a decentralized cryptocurrency taking over the economy. But if that's what the majority wants, they'll have no option but to embrace the revolution. If El Salvador did it (although it hasn't ditched the USD completely), other countries can do it.

I'm afraid central banks will continue to be relevant as long as governments exist. There's nothing we can do at this point. Once the world economy goes beyond repair, central banks will reset it to pave the way for CBDCs. There will be more slavery and zero privacy with the new system. When paper money (cash) becomes history, good-old cryptocurrencies (Bitcoin, Litecoin) will be there to save the day. I'm hoping for the best in the future. Undecided
69  Alternate cryptocurrencies / Altcoin Discussion / Re: "Meme" coins are ruining everything on: May 08, 2024, 12:30:31 PM
Memecoins are the reason why a lot of people here. While im hating it, it push industry forward in some direction

Of course. They drive mainstream adoption all the way to the moon. Crypto/Blockchain tech is more popular than it was before because of this. One would hope "meme" coins don't drive the industry away of what's most important.

It's not about speculation/hype, but rather utility. As long as developers prioritize quality over quantity, there should be nothing to worry about. Who knows how long will the "meme" coins craze last? Cheesy
70  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 08, 2024, 12:23:02 PM
If I remember correctly, binance's dominance is still over 50% in the market, I don't think they will lose their dominance anytime soon. They are still doing very well compared to other exchanges even though they no longer have CZ. And even if Binance loses its dominance or disappears, there will be another centralized exchange to replace it. Complete elimination of CEX is impossible, and they will increasingly dominate this market as government regulations are enacted. I don't think the idea of a completely decentralized market is possible.

There's no doubt about that. CEXs come and go, but crypto/Blockchain tech persists due to its decentralized design. 50% market dominance still makes a difference. One would hope those numbers decline as new competitors get in the game. The less influence an exchange has over the crypto market, the better. Binance might survive after CZ's departure, though. Only time will tell. As long as they're able to please the regulators, nothing else matters.

All in all, Self-custody is the way to go. Especially with many incidents surrounding centralized exchanges lately. Maybe CEXs will adopt a hybrid model (half decentralized, half centralized) to help increase confidence/trust among traders and investors alike? Smiley
71  Alternate cryptocurrencies / Altcoin Discussion / Re: TRON is bad coin, here is why on: May 08, 2024, 12:20:03 PM
I might have defended Tron in the past but no more. It's not that we'll need a lot of these coins and platforms to issue more and more tokens and memecoins. People would no longer disperse their money everywhere. The specific platform needs to stand out and offer, ease, comfort and reliability to developers and users. Tron has for years failed to do that. There used to be a popular coin called NEO in the past, they might have rebranded but it's nowhere to be seen now, the same fate is being developed for Tron. If the stay as they are, they'll be pushed out from Top 100 by marketcap in next bull run.

I've seen that Chinese blockchain platforms are often forgotten by the community over time. It's mainly because of the lack of a strong marketing/promotion strategy. That, and also the fact that they're poorly innovated compared to other projects. TRON used to be "shilled" by Justin Sun in the past, but that wasn't enough to propel the coin's price all the way to the moon.

Developers aren't interested in building on top of the TRON blockchain these days. What's keeping it alive are none other than stablecoin transactions. If it wasn't by that, TRX would've been dead by now. Surprisingly, Binance has a large stake in the TRON blockchain. Perhaps that will keep it running for a long time? With competition getting fierce each day, I doubt TRX will survive. I'd steer clear from it just to be safe.  Undecided
72  Alternate cryptocurrencies / Altcoin Discussion / Re: Hedera Hashgraph is ten times better than Ethereum on: May 08, 2024, 12:17:01 PM
Unfortunately, hype is all the coin needs in order to pump. People mostly don't care about the efficiency or functionality of the blockchain. They are just here to make some quick money and move onto the next one.

Right now, as things look, solana has a lot of hype. In fact, even Base probably has more hype than HBAR due to the meme craze

Didn't HBAR generate hype because of BlackRock's rumored launch of RWAs on the Hashgraph network? This "pumped" HBAR's market price for a short period of time. You're right that most people don't care about the tech. They only care about filling their pockets with money. I'm afraid developers are in the same boat by creating useless "meme" coins instead of focusing on true innovation.

The market is turning into a speculative one instead of an utilitarian one. How I miss the good-old days. Hopefully, developers start taking things more seriously as "Wall Street" continues to pour money in the industry. Who knows where Solana will be in the future? As long as the project prioritizes decentralization and reliability, nothing else matters. Cheesy
73  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana price predictions and developement? on: May 06, 2024, 03:40:48 PM
Does solana network ready for huge demand?
What you think of solana price ? Does solana are high supply or limited supply coin compared others ?
So i think we see 7000$ price because supply and demand but even that much gain it's not life Changing gain so that's why i don't try to get rich with alt coins neither with btc but it's nice to some gains.
But now the sol is hot specially when other coins are sleeping what's the solana price targets ?
Are you fan of solana ? Im big fan of solana i think it's the best chain i want to invest more into.

It's never been ready for huge demand. Solana is still an experimental blockchain network. The constant outages tells us Solana has a long way to go before it's able to compete with the likes of Ethereum and even BSC. Developers promised the "Firedancer" node software will bring stability to the network. But I'd take that with a grain of salt.

What's "pumping" SOL's market price is none other than the "meme" coins craze. Once the hype goes away, we should expect SOL to "dump" real hard. Unless developers fix the network's inherent issues, don't expect Solana to go anywhere soon. There are far better options out there. Why not choose Cardano or any of the L2 ETH networks instead? Cheesy
74  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether Seems like Sound money on: May 06, 2024, 03:35:21 PM
It cannot be denied that Tether is the best investment of all time, where Tether is very stable and its value always follows USD movements, and Tether is an altcoin that can be a security for crypto assets, where if the crypto market is experiencing chaos or the price value is very unstable, then tether could be the best solution to be able to secure your crypto assets, namely by exchanging your assets to tether.

Just remember: "What goes around, comes around". Tether's rise to glory could all come down to an end if something unexpected happens in the future. After all, empires don't last forever. Who would've thought a big and mighty exchange like FTX would go all the way down the drain in an instant? The same can happen with Tether in the long run. I'd proceed with caution, especially when Tether has been unable to prove its USD reserves. The company has been increasing USDT's supply without regular audits.

Since stablecoins aren't backed by the government (in this case, the US government), you can lose everything without being able to claim back your money. You're much safer saving money (Fiat) in a bank. Especially if you're an American citizen. Those living abroad would have no other option but to stick with Tether if they want the security and stability of the USD without crossing borders. The future is unpredictable, so I can only hope for the best. Wink
75  Bitcoin / Bitcoin Discussion / Re: Now that Bitcoin halving have been completed, what next? on: May 06, 2024, 03:33:11 PM
We have yet to know which direction will Bitcoin take after the halving. As of now, it seems there's a correction. But this doesn't necessarily mean Bitcoin is taking the downward direction. This could merely be a quick correction brought about by individuals or institutions dumping. I still feel like the overall sentiment remains bullish. There might still be an ATH at least a year from now.

I don't think Bitcoin halving determines whether there will be more Bitcoin-related innovations or not. The rate of adoption determines that. However, the halving has indeed encouraged a different kind of innovation in Rodarmor's Runes.

The Bitcoin halving creates hype. It's a widely talked about event on social media and elsewhere, so I guess it could have also attracted certain people to get to know Bitcoin.

Of course the Bitcoin halving creates hype. You don't see chains with a similar mechanism getting "pumped" these days (Litecoin). After each halving event, comes a period of market correction. It's up to you to determine when to buy more BTC and when to sell. As long as you're able to make profit, nothing else matters.

If you really believe in BTC, then you should focus on its utility instead of the price. Mainstream media, whales, and companies often manipulate the market with their comments/actions. Prices could either go up or all the way down the drain in an instant. As long as the core BTC blockchain remains decentralized, nothing should be able to stand in its way. Hopefully, it will last way beyond the last halving of 2140. Cheesy
76  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 06, 2024, 03:12:02 PM
If dominance of Binance in CEX market place and cryptocurrency market becomes bigger, it will be worse. We need more decentralized, more choices to purchase, trade our bitcoins and cryptocurrencies. We don't want too much centralization in Binance or only some big exchanges.

Decentralized is future we aim at but it will be harder with more and stricter regulations from governments.

Of course. Decentralization is the way. We can't patronize monopolies in the crypto/Blockchain space. The less power/influence CEXs have over the industry, the better. Binance dominated the market for long with its shady practices. Now it's ultimately paying the price. I don't think it will go away that easily, but we can say its dominance is diminishing by the day. Especially with CZ out of the picture.

I'm yet to see if BNB (powered by BSC) will survive. It's been having a hard time trying to attract new projects into it. Solana and Ethereum are leading the race. If Binance exchange fails, you can say bye-bye to BNB for good. Who knows what surprises we'll find in the future? Smiley
77  Alternate cryptocurrencies / Altcoin Discussion / Re: "Meme" coins are ruining everything on: May 06, 2024, 03:07:21 PM
Lots of people tend to choose memecoins over bitcoin or ethereum when making small payments or transactions because they are cheap and as well as their transaction fees. This is something the top coins need to address but in the meantime this is probably one of the things memecoins are useful for.

That's the only thing they're good for. Cheap and fast transactions. This only applies for "meme" coins living on L2 networks or their own blockchain network. Those built on existing chains (Shiba Inu, Floki Inu, etc) often require the user to pay a high gas fee in return (subject to current network congestion). The more popular a "meme" coin is, the higher fees you'll need to pay.

At least, we have plenty of options to choose from. Considering that crypto/Blockchain tech is open source, who are we to blame the "meme" coin craze? Hopefully, developers start taking things more seriously as investors continue to pour money on the market. We can't predict the future, so lets hope for the best. Cheesy
78  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: May 04, 2024, 09:52:47 PM
payment processed

Got it. Thanks again! Cheesy
79  Alternate cryptocurrencies / Altcoin Discussion / Re: TRON is bad coin, here is why on: May 03, 2024, 03:38:45 PM
was also thinking about why this token is still one of the top tokens when it doesn't really have a good price. but i think they deliberately want the price to maintain this low for it to be available for anyone.

i use to have more than 50k of this TRON but sold it back in 2021. but if i have to get into TRon to invest again, i think this is the right time when its not dumping anymore and somehow rising. i think the Chinese like this token already for being cheaper.

TRX is still in the top ranks in market cap because of the large number of coins circulation. You multiply current market price x circulating supply, and you'll see what I mean. For a blockchain as heavily-marketed as TRON is (by Justin Sun), it should've been among the top 5 coins in market cap by now. I guess there's not much interest in this coin. Especially when developers are building on other blockchain networks.

So far, TRX is winning in the stablecoins market. But that might not last for long, especially when Solana is gaining traction. Without active development or innovation for TRON, the blockchain would ultimately become a "ghost town". I'd steer clear from this coin, just to be safe. Grin
80  Alternate cryptocurrencies / Altcoin Discussion / Re: "Meme" coins are ruining everything on: May 03, 2024, 03:30:54 PM
Meme coins are just pump and dumps hoping they will catch on with enough people and keep their scam going longer. while the meme coins may offer the illusion of easy money, the reality is far more sobering, better to avoid taking risk in such speculative assets.

You've got that right! Why would anyone want to invest in "meme" coins for the long-term? After all, they're "pumps" and "dumps". The only ones who benefit are none other than whales and developers. The rest ultimately get "rekt" as market prices go all the way down the drain in an instant.

You'd only invest in a "meme" coin if you know what you're doing. For day trading or micropayments, "meme" coins does wonders. If you're looking for something serious, choose BTC or ETH instead. Hopefully, popular blockchain networks increase on-chain scalability to avoid being clogged up by "meme" coins. The future can't be predicted, so lets hope for the best. Cheesy
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