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Ethereum blockchain was rolled back by Vitalik and his team after the DAO hack.
Changpeng Zao and Binance wanted to roll back the Bitcoin blockchain after their exchange was hacked. Smh.
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Diversifying your portfolio is a very good idea, it gives you a great opportunity of rising rather than just depending on just one coin, if the coin fall you loose everything but not same with diversifying, one coin can fall while others pump massively
If you diversify your capital to 10 coins and only one of those 10 coins is Bitcoin, the 9 other coins are shit coins, you probably lose big with those 9 coins. Diversify your capital is not always safe, it requires you to choose good coins for capital diversification. Bitcoin must be a major part in your capital and very minor capital must be used for altcoins which can die. How many cryptocurrencies failed? |
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Bitcoin is smaller than Silver and Gold in marketcap but it will surpass Silver soon. https://companiesmarketcap.com/assets-by-market-cap/Marketcap of Gold, Silver and Bitcoin. Gold: $13.440 T Silver: $1.308 T Bitcoin: $817.39 B Bitcoin only needs less than x2 to surpass Silver in marketcap. |
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If a seed is imported from Software A to Software B, there is no transfer or transaction happening. You are just replicating the same wallet across multiple software. Other than that, your warning makes sense. Generating a new seed and sweeping all coins to it is better than using one created on Trust Wallet.
It does not move bitcoin from that wallet but it is a risky practice. Like using a same password on all platform, for all accounts. Using a same wallet seed on different wallet softwares is bad practice. If one wallet software has backdoors, you will lose your bitcoin. I will import my wallet seed from wallet software A to wallet software B, if my coins is here, I will sweep it to an entire new wallet with new wallet seed. |
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It's true Bitcoin's being used in a different way to what Satoshi would've intended but we've still got a choice how to store cryptos.
After you create an innovation, it can be used in different ways and even in ways you did not imagine. Gun powder, gun are examples of different ways to use an innovation. It can help human civilization or can bring painful experience to many people. A good innovation can be exploited by criminals but it is a different thing. Criminals are not barriers to shut down human creativeness and innovations made by legendary people like Satoshi Nakamoto. There are always dark areas and wrong usages of any innovation. |
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Centralized exchanges are somehow the playground of scammers. While safety and security is their utmost concern when it comes to centralized exchanges, but in reality scammers could always take advantage using centralized exchanges by sending you random messages so they will get an access to your account.
It is discouraged to store cryptocurrency, money in centralized exchanges but I am sure with you, people will be less scammed by trading on centralized exchanges than on decentralized exchanges or Peer-to-Peer trading. Because on centralized exchanges, you don't have pressure from your Peer-to-Peer trade partner to release your coin to finish a trade. Newbies can feel stressful with trade partner's pressure that is to force you to release your coin. I agree that people lost big money on centralized exchanges by many exchange hacks and scam exits. Reminder: do not keep your money in online accountsCryptocurrency exchange graveyardCryptocurrency exchange hacks |
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Does the advancement of ML and AI help with the growth of Bitcoin as a currency, or does it hinder the growth?
It helps altcoins more than Bitcoin because developers can use ML and AI together with some smart contract tools to create their new projects easily. Bitcoin need organic growth for its technical development and adoption. ML and AI are not helpful for Bitcoin developers and communities but it is not harmful for Bitcoin. |
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People are telling to people that Bitcoin can earn them money instead of the fact that Bitcoin is just like any other digital currencies out there where you can transact using it. People are sharing the asset-side of Bitcoin rather than the currency-side, and that's why people see Bitcoin more of an asset, and not a currency. Though there's nothing wrong because I look Bitcoin both as an asset, and a currency, but I guess let's teach them the currency-side of it as well, and not only the asset-side shall we?
Bitcoin can not help us to earn money. Bitcoin value and price increases with time because there are developers, business operators, communities that contribute to help Bitcoin adoption. They are people to help us get profit from our Bitcoin investment passively. Without those people who make contributions, Bitcoin value and price will not increase and we as Bitcoin investors will not get any passive profit. |
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There are always cons and pros.
Because for example on Ethereum: they can solve the scalability of the network but risk the being decentralized of the network.
So for me, most of those claiming that they are decentralized cryptocurrency projects right are indeed not decentralized. There are a lot of projects like this. They thought that once they are already a cryptocurrency project, they already a decentralized which is really not.
They sacrificed their network decentralization but transaction fee, gas price are still not cheap. Ethereum blockchain is still the most expensive chain for transaction fee. Will they solve it with another upgrade to scalability? |
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As of today Binance announced the 32nd project on their launchpad.
Does Binance Launchpad mean success for projects and profit for investors? Many tokens in Binance Launchpad dumped to hell months after listing on Binance. I don't know project founders consider their projects are successful, maybe because they got money by launching their projects. I am sure tha in contrast, investors lost money with those projects are failed investors and they are not happy. Thats why we see a sudden pump of bnb due to massive participants that will join tge token sale in preparation for the snapshot.
Does it mean Binance Launchpad created by Binance to have another capital source into BNB token to bump BNB? |
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Having a central bank digital currencies still does not change anything because the system still remains the same, central bank digital currencies (CBDC) is controlled by the government and this same system can be manipulated. Central bank digital currencies is a financial structure that is based on debt.
They are controlled by central banks and entirely centralized. They don't have non custodial wallets for citizens, I am sure they won't have such. You don't control keys of your CBDCs and you don't have them actually. The new innovation by the government is a way to imitate bitcoin but still not up to the standards of bitcoin which is a decentralised currency.
I don't think governments launch CBDCs because they want to imitate Bitcoin or compete with Bitcoin. They do this because they only want to control their citizens' money flows better. They want to gain more tax from their citizens so they need CBDCs to do this better. |
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https://electrum.org/#downloadStandalone Executable Windows Installer Portable version (security advice) What option I should download and use it on my Windows computer?
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I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that.
Considering Bitcoin as a threat for the US. dollar is the USA. issue. It is not problem for the world and globally there are many nations which can have different policies and regulations for Bitcoin. The USA. is a big nation and has a biggest economy but it won't be able to stand alone by itself. If there are other nations which have more friendly policies for Bitcoin and cryptocurrency, more companies will migrate from the USA. to those nations. What will the USA. get after all? They will probably have less tax from cryptocurrency-related activities, mining, projects and they will have to change their policies to be less strict against Bitcoin and cryptocurrency. |
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I lost my mind when I search "DYOR Do your own research". Lot of things to learn just to DYOR.
Searching and receiving many results but how do I know what are good information and what are bad information, what to use and what to ignore?
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If Bitcoin is an asset, digital asset, will I have to pay tax by having it in my asset portfolio?
I guess I only have to pay tax if I sell it.
Do I pass it to my children or grandchildren as inherited asset?
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