Well said. CeFi is a good circumscription of what Cuban wants DeFi to turn into. I think it isn't even worth a smile to see what Cuban now demands from policy makers. He himself fucked it up and he should pay for it as much as everyone paid for it over the last decades when mistakes happened.

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He is also one of those gurus who tells others how to manage risk and so on. He made the wrong decision, period. Why should a whole industry now be regulated if Mark Cuban fails to see that centralized stable coins are prone to attacks and collapses?

If it was only a tiny percentage of his portfolio, do you guys think he would change his mind out of a sudden that radically? Or did good old Mark Cuban disregard his own rules (which he claims exist) and put to many bags in one basket?

The issue with asking this kind of question is that you are most likely going to receive answers from people who don't even know 1% of what you know about the project. Generally, I can tell you that many teams promised utility to soon come and so on. The whale guys who left could be another trick by the team. Often times it is the team itself that pretends to have sold tokens to whales at special prices, then dumps on retail investors and then tells the retail investors some mysterious story about whales having lost patience and what not. It is no easy decision, but I guess you know better than most of us what state the project is in right now.

DOGE now lost nearly 70% of its value from its ATH when Elon Musk was actively shilling it. If I were him I would feel bad, but that guy doesn't feel bad. He also doesn't feel bad for his thousands and thousands of employees who work under bad conditions, low payment and an atmosphere of psychological pressure. Too bad he made fun of people in the crypto scene because some of them are from poor countries who may have trust his words a bit too much.

This is exactly correct. All the upcoming updates are not aiming at reducing transaction fees on the Ethereum network. EIP 1559, the next one on the list, will hardly influence fees. The whole ETH 2.0 upgrade is about validator structures and POS. That has nothing to do directly with transaction fees. So the fact of the matter is that we will be dealing with excessive fees on the ETH network for quite some time. However, and this is important to note, the way Ethereum now gets set up puts it into a position that scalability can then very well be achieved step by step, it just won't happen as fast as we all would love it to.

In other words you are saying that Sovryn will make 100x within the next six months? If that is what you are saying I must add that that is quite ambitious to say the least I am also a fan of Sovryn, but 100x doesn't seem very likely to be happening. It also depends on the overall sentiment in the market, which right now is going down the drain as it looks.

No it does absolutely not mean that meme coins have better prospects. Look at DOGE right now. It is one of the biggest losers among the top 20 or 30 coins. If not the biggest loser, I was too lazy to check precisely. I don't see the rationale behind your question also, to be honest. Why would meme coins be better off during a crisis? If you said exchange coins like BNB, I would say yes because trade takes always place no matter whether Bitcoin is cheap or expensive, but meme coins? Why?

Mining is also not only bad with PoW. There is so much wasted overproduced electricity that could be used to mining. That way the companies wouldn't just let overproduction go to waste but instead use it for mining and increase profitability thereby. Everyone just sees the downsides of mining with electricity, but there is also a lot of potential to proof of work. I won't go into detail, but one idea is to have power plants in rural areas that are a risky investment under normal circumstances because you don't know if you can sell all your energy as a provider. Now if you don't, you could just point that energy towards Bitcoin mining, making it more attractive to take on risk by launching power plants in rural areas.

I would say that that notion is up to anyone's opinion anyway. It hasn't really ever existed in the sense that Ethereum was commonly known for being a shitcoin. There was the Bitcoin maximalist camp who called it a shitcoin in order to protect their own investments, but that's it.

Did you ever mine anything with a simple GPU? These data centers are running an unbelievable amount of devices, sometimes a good bit away from the next village or town depending on which country we are talking. Generally, yes heat can be used to produce energy, but that is not a simple endeavor. Heating homes probably referred to people mining at home, and I was rather referring to the fact that mining at home simply doesn't take place anymore because the data centers took over.

I think there are good reasons to indeed hold a good number of coins. I am not talking like 30 or 40, but maybe 5 to 10. There are coins with very different functions like anonymity coins, which are as of now fundamentally different from both Bitcoin and Ethereum. Or exchange based tokens are also interesting. There are a couple that provide good reason to undertake an investment.

If you think anonymity was the main feature of cryptocurrency, I guess your conclusion should be that Satoshi Nakamoto got it all wrong from the very start. I am quite sure Nakamoto knew exactly that we are dealing with pseudonymity and that there are certain you can do to use the public and transparent ledger in a relatively anonymous way. The degree of anonymity depends on the way the user uses the network, not on the network itself. Staying fully anonymous on the Bitcoin network requires a lot of expertise. That is not trivial.

This leads to the conclusion why anonymity coins like Zcash or Monero or some of the others out there will have a bright future. Or also some services that do at least increase your level of anonymity, although mixing services are probably the least effective way to really stay anonymous.

I haven't checked the statistics, but is this due to a decline in transactions in the network overall or are that improvements from any new updates? I am surprised how low the fees are now, but somehow Uniswap still charges a lot of you use their swapping service. Is there another, cheaper alternative based on Ethereum?

I was just about to give this advice you provided. I believe it is mostly the activity of the American market that drives prices up really high, but you transact at the right times you can definitely have fees around $0.70 to $0.80. That finally feels reasonable and makes it also possible to transfer smaller amounts of alts from older accounts and so on.

Well, for hackers to make use of any information from this forum they will need much more than just a few posts or access to your profile. If you use a VPN, how would they even benefit from hacking your Bitcointalk account?

As long as you don't tell anyone your name and other sensitive information, hackers have a hard time to identify you as a target.

I remember that was a mistake I once also made All the alt coins were so tempting because of their unreasonable gains, so I decided to sell my Bitcoin and get into alts. Out of a sudden of course all alts dumped and Bitcoin shot up. Would have I just kept my Bitcoin back then I would be way better off than I ever was with switching into alts.

That idea is close to impossible if I am not mistaken as Bitcoin is pretty much solely mined by gigantic data centers filled up till under the roof with dedicated mining hardware. They even use systems to reduce the heat in order to increase the hardware's longevity. I don't see a way to canalize the heat in a reasonable manner to homes such that they can use it for heating.

Can you even take Max Keiser and Tone Veys seriously ever? I don't see any chance for them to be credible. Max Keiser himself launched Startcoin, if anyone here remembers and he failed. Or he made some money but after all it failed. Tone Veys with his technical analysis frequently failed. Just let them say whatever they want, freedom of speech you know...

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