War are actually good for economy and they are needed to have a rapid shift on geopolitical balance.
I don't see US losing its economic and military power anytime soon. Or France taking over. Or Russia or China. France had been a US puppet for quite a time and they are too depended on US. They are in words trying to get on their feet but I don't see that happening anytime soon. And as they try to decouple with US, their economy would suffer further.
Another reason why Europe can not challenge US anytime soon is geography. US if controlled the limited border, is geographically isolated by Atlantic and Pacific oceans, don't have a potent nation by its side to threaten it while Europe is a hotpot of conflicting nations which would have an eternal conflict one way or other.
All good things come to an end. The US hegemony can't last forever. Empires like Babylon, Rome, and Greek saw their demise centuries ago. American decline is right before our eyes. It's just a slow process that will take years to complete. "De-dollarization" by some countries is just the start. Europe would be better off distancing itself from the US for its own good. Either way, there's no denying that a US downfall will affect the global economy. One can only hope China nor Russia become part of the New World Order. Who knows what the future will bring?  |
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How do we know if the gov don't already know satoshi's identity? I just posted another message in some other topic in the same context.
Exactly. I've always wondered about that. But what if Satoshi Nakamoto was actually the CIA or NSA (which explains why no one has been able to find who he/she/they really was)? We'll never know for sure. The thing is crypto users need to be aware of governments' increasing surveillance tactics by protecting their privacy as much as possible. If developers are creating something as controversial as a mixer or decentralized exchange, they must never reveal their identity to the public. What's best? Satisfy investors by revealing your ID (making them believe your project is legit)? Or remain anonymous like Satoshi even if investors think your project is a scam? I think the last option is the way to go. Hopefully, crypto investors learn a valuable lesson with the US' aggressive stance towards the industry. Wishing all the best to Roger Ver.  |
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they will not disappear as they will be replaced by CBDC. its still the central bank though. and i'm not sure if BTC is part of their plan to eliminate but there are plenty more of crypto.
i still believe in the conspiracy theorists about this collapse being planned for the CBDC. for the CBDC to work, they need banks to fall apart. we're going to find out what will CBDC offer in the next decade but things will get worse first and we are seeing it happening.
Of course they won't disappear. Not as long as governments exist. The launch of CBDCs is all part of the plan for a global reset. Everybody knows that. I would've liked Bitcoin to rule the world, but I guess it's too late for that. Especially when centralization dominates the crypto industry. Bitcoin and other cryptos are now "Wall Street's" pawns. You can thank the approval of spot ETFs for that. Now many people consider BTC as an investment instead of a currency. You think BTC will be able replace Fiat this way? I guess not. At least, we have an escape route from the corrupt monetary system backed by central banks and governments alike. As long as people have a choice, nothing else matters. Hopefully, Bitcoin will live alongside Fiat currencies for generations.  |
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The former CEO of the popular central exchange Binance, C Z, has been sentenced to four months in prison. Since the sentence is only four months, there will be no change in the rules of the exchange and no negative impact on the exchange. Since CZ has already resigned as CEO, I don't think his prison sentence will have any negative impact on Binance Exchange.
It won't have any impact on Binance exchange. But BNB's market prices could be affected. At least in the short term. After all, investors/traders quickly react to mainstream news/events. I'm confident Binance will become bigger and stronger than ever after this fiasco. CZ might not be CEO anymore, but he still has an influence over the crypto community. He's loved by many, unlike his counterpart (SBF). Who knows? Maybe we'll see CZ back in the crypto business. We can't predict the future, so lets hope for the best.  |
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U.S. decided to empty all the “fat wallets” with bitcoin? They should have publicly stated “thank you guys for pumping up bitcoin and now we will take on this asset ourselves”, when the whole world believed in this cryptocurrency and billions of capital were poured in. The right time to get your hands on this is when BTC has gained value. It sounds slightly absurd, but it seems to me that independent individual large BTC-holders (like Roger Ver) will be forced to part with (at least part of) their savings, because it is easy to influence (find and force) such people, and the reward will be impressive.
It's funny that yesterday the state pretended that bitcoin was a candy wrapper, but today they arrest you for it.
I know, right? The US was skeptical of Bitcoin in the past, but things changed all of a sudden. It now considers BTC as money, targetting anyone involved in it as it sees fit. You can now see why Satoshi never disclosed his identity in the first place. I feel sorry for Vitalik Buterin, Charles Hoskinson, Gavin Wood, and other founders/developers/early crypto investors who disclosed their identities. They will get scrutinized by the government real soon. Roger Ver is now facing the consequences of revealing his identity to the public. I sure hope he doesn't get extradited to the US like CZ and the likes. With the US government constantly attacking the crypto industry, we should expect companies, startups, exchanges, etc to move away from the country. If that happens, it'll be game over for the US. Especially when other countries will become technologically-superior by adopting the revolution. Who knows what the future will bring? |
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Bitcoin transactions typically spike around the halving, and Bitcoin fees continue to be the biggest barrier to transactions. Basically I think it's best to look at Mempool when trading. Because from this you can guess about the gas fee in case of coin transaction, and according to Mempool you will definitely get some saving if you do Bitcoin transaction. Weekly if you are holding in DCA method here you can complete this transaction monthly or every 15 days. But it is also in good practice to complete it by keeping you money.
Exactly. It's best to make transactions at different time periods to save money. Keeping a few BTC on exchanges seems to be the only option right now. You can do DCA on a centralized exchange without the need to pay high network fees (except when you make a withdrawal). I've read that some exchanges are integrating LN support (Bitstamp, Coinbase), so high fees would only be a thing of the past. Remember, patience is a virtue. Those who manage to wait, will eventually be rewarded in the long run. Bitcoin network fees won't stay high forever, anyways. I'm hoping the Ordinals hype comes to an end, so Bitcoin can be used more throughly as a currency than a store of value. At least, that's the dream. |
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Recent hype of solana came from the airdrop craze and meme coin hype in solana. I don't see any other utility from it right now and other than that, many people hate solana blockchain for many reasons. Its uptime is quit bad. If speed is the only thing that matters, then there are other blockchains beside solana that are also pretty fast. SUI can be one that we can talk about. Solana needs to attract real utility focused project and ETH and Matic can be a prime example of it where most of the DePin and AI projects are located right now.
Yes. Uptime has been terrible over the past few years. But developers are working hard to solve this issue once and for all. The Solana team promised a third-party node will become a solution to the network's outages. Firedancer is expected to launch next summer. It's written on C programming language which is much more stable and reliable than Rust. If all goes well, Solana could become a soild competitor against ETH. Only time will tell. Despite SOL's inherent issues, that hasn't stopped investors from pouring money into it. For some time, Solana has been able to retain its spot on the market. I guess many people have faith on this coin. Who knows? Maybe it will break a new ATH in the future. Just remember to never invest what you can't afford to lose, and there should be nothing to worry about.  |
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To be honest, many people have no knowledge of economics or politics and they are too delusional to think that BTC will replace fiat or banks. Even if satoshi created bitcoin with the intention of replacing fiat currency, that doesn't mean it can happen. He may be the genius in creating bitcoin but he is not the government and the government is the one who can decide what happens or should not happen in this world.
The only thing we can think of is that the government will not seek to eliminate bitcoins and instead they will be legal and can become an alternative that exists alongside fiat money and banks.
Don't be under the illusion that bitcoin is decentralized which means no one can do anything with it, they can't control it but they can ban us from using it with strong measures.
With centralized exchanges dominating the crypto market, banning "Bitcoin" should be a "piece of cake". After all, CEXs are required to comply with KYC/AML. Governments will have a registry of who bought or sold BTC at any given time. Considering that CEXs are the gateways between the Fiat and crypto worlds, banning them would prevent people to get access to the revolution. This won't stop Bitcoin, but it will reduce mainstream adoption by a large margin. Those who still want to get access to it, are going to have to buy/sell F2F (Face to Face) or P2P (Peer to Peer). It's hard to imagine central banks will disappear anytime soon. As long as governments exist, replacing banks with BTC would only be a distant dream. At least, Bitcoin does the job it's supposed to. The future can't be predicted, so lets hope for the best. |
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Interesting. This could pave the way for a "New World Order". Maybe Tether invested in the biotech company to force people to pay with implants in the future? It could mark the end of wearables (smartphone wallet app, smartwatches) and credit/debit cards as we know them. Since Tether's main stablecoin is USD-backed, such a move would help prevent the US from losing superpower status. Only time will tell. While Tether's moves regarding its USDT stablecoin are shady, no other competitor has been able to take down its place in the market yet. USDT is by far the largest and most trusted stablecoin in the world. As long as Tether complies with the regulators, nothing else matters. For true sound money, I'd suggest you consider BTC instead. Even though it's volatile, the cryptocurrency can't be debased or shut down by anyone. Wasn't the whole point about eliminating middlemen and becoming your own bank? |
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The US authorities have detained both Samourai developers and Roger Ver within a single week. Some might see this as mere coincidence, but I believe it sends a clear message. The state is officially declaring a war on cryptocurrencies. Expect further arrests in the future.
The DoJ has kicked the hornet's nest, and the swarm is headed towards us.
It's not surprising to see a country like the US taking a strong approach against crypto industry players. Especially when it knows crypto can be used to circumvent sanctions among other things. This is just the beginning of a long battle between crypto and the "deep state". I was shocked to read about Roger Ver being arrested for tax evasion. If that's the case, I wonder who will be the next victim? Vitalik Buterin, perhaps? With SEC chairman Gary Gensler classifying ETH as a security, Vitalik could be charged by selling unregistered securities. Also he could be charged against money laundering and tax evasion by creating a platform that enables "decentralized" mixers. These are crazy times we're living into. I sure hope things will get better in the US after the 2024 elections. Anything's possible, right? |
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What next after four months,
On Tuesday, the Binance CEO CZ was sentenced to four months imprisonment all on the charges of allowing for the participation of illegal money laundry from his exchange Binance, the US government gile a lawsuit against him and charged him, same way they habe been clamping down of other privacy means in which bitcoiner can use to achieve thier goals, i don't wa t to mention the keyword bit we all know about the recent ban thst took effect since January 1st of this year 2024.
With all these happening, I suggest we should be reminded as bitcoiners on what we are made for and should not loose focus on how we can achieve our target with the use of bitcoin for our financial economy in all modules of it's applications Privacy should be our heritage with bitcoin, using centralized exchanges is the weakest means to have it, because the governments will be after you when you're under a centralized exchange, they have all your details with them.
Every bitcoiners should understand why they need to have in custody their own digital financial asset and not with third parties like exchange ss, they can be attacked, hacked and if any of these happens, our asset with them are gone, we should learn to avoid the use of exchange, hold our bitcoin on cold storages and remember that not your keys not your coins still ever remains verdict in bitcoin network.
Four months is nothing, tbh. It goes away fast. They should've let CZ free, though. Especially when he paid a large fine and admitted he was guilty of money laundering. CZ even went as far as stepping down from his role as CEO of Binance. At least, his sentence isn't as bad as SBF's. The US government has been targeting the crypto industry lately, so I wouldn't be surprised if they hunt down someone else next (Vitalik Buterin, maybe?). I've read somewhere on the forums that Roger Ver (BCH proponent, which is aka Bitcoin Jesus) was arrested for tax evasion. So you can see where everything is heading to. A good thing Satoshi Nakamoto never revealed his/her identity. Otherwise, he/she would be toast by now. |
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I agree with you. Basically meme coins are created just for fun and they don't have any fundamentals. Only coins are created in the network and then attract people to buy them. Some meme coins are successful because they have strong communities. I don't know how the community formed but I think meme coins are highly speculative and we can't analyze meme coins to estimate their potential.
They're also meant to enrich developers/token creators. Foolish investors buy "meme" coins only to get ripped off in the long run. Totally not worth it, imo. The recent surge in "meme" coins can be largely attributed by the hype surrounding the crypto market. If you're fast enough to take advantage of the "pump", I'd suggest you sell your coins before it's too late. When "meme" coins dump, it's the perfect time to buy more. Never rely on them as a long-term investment, though. The crypto market behaves in many strange and bizarre ways, so expect the unexpected. |
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You are right mate, but to an extent I think memecoins are a kinda distraction to some higher investors though there are people who are actually feeding from it that's why we can't use one side to justify it. They are just like those cheap products imitation we are actually see in the market.
Of course "meme" coins are a distraction. They lure developers away from building quality projects into overhyped projects with no substance to them. Quantity has replaced quality ever since Elon Musk brought the "meme" coins craze. I'd say the only "legitimate" "meme" coin is Dogecoin. The rest are just pure garbage. Especially when they live on existing Blockchain networks. It's easy enough to create a token on a smart contract platform these days. But building and running your own chain is a whole different story. Hopefully, people get their mind straight about investing in "meme" coins before it's too late. Who knows what the future of the crypto/Blockchain industry will be? |
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The last block that will mine new bitcoins is estimated to take place around 2140 after which the blocks won't mine any new bitcoins and miners will only get transaction fees as a reward for mining a new block.
Precisely. By the time that happens, transaction fees would be high enough to sustain miners' operations. My guess is that people will be using off-chain scaling solutions to spend Bitcoin on a daily basis without "breaking the bank". It will work more as a store of value, just like Gold. We can't predict what will happen by the last halving, anyways. Neither you or I will be alive by 2140. But our descendants will. If history repeats itself, BTC should go up after each halving. Market prices will go down once the FOMO ends. Just stick to buying low and selling high and you'll be rich in no time. |
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Hell NO!!!! There might be some who are holding their Bitcoins for a very long time already, and there's nothing wrong with it. For me, it's better to take profits during the bull market, reserve a portion of the money that you got, keep it and use it to re-buy Bitcoin and other cryptocurrencies during the bear market. I already experienced losing huge profits when I decided to hold my Bitcoins in 2021 instead of selling it. I mean I'm just an average investor that's why I'm completely disappointed on myself when I made that decision, but I took that lesson and promised that I will not do it again. Now we have another opportunity to take some profits again. I will not lose this chance this time so to answer the question, I will not hold my CURRENT Bitcoins that I'm holding until 2028, but I will re-buy Bitcoins during the bear market and that's the Bitcoins that I will hold until 2028. Different investors, different strategies, and as long as you are making money from it then there's nothing wrong. Yes. You can buy low, and sell high to make profit. There's no need to wait until the halving. If you're smart, save a portion of your BTC for the halving and sell the rest for profit. Rinse and repeat. Of course. It's not always about making money. Bitcoin can be used as a currency in times where Fiat money loses value due to inflation. Whenever there's crisis, you can count on Bitcoin (or Gold) to save the day. Unfortunately, most people see Bitcoin as an investment tool and NOT a currency. It's this reason why it will never replace Fiat. Who knows what will happen in the next halving? |
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Even Javier Milei didn't abolish the central bank after he became president. I think this issue is being blown out of proportion. Central banks are the center of every economy. There would be no country without a central bank.
Central banks of the world may not be perfect but they have a role they play. No country would be without it's fiat currency, and it's the central banks that provide that.
Aside providing fiat for the country, the central bank also has major roles it plays like overseeing the monetary policy of the country, setting interest rates, and managing the Federal Reserve to name a few.
Central banks are too important to the system of a country for it to be abolished.
What we can do is make sure they're more efficient and not try to eradicate them entirely. We live in a centralized world, and a centralized world is run by centralized institutions, that's why I believe fiat and central banks will always be a thing.
Javier Milei hasn't been able to "abolish" Argentina's central bank because of strong opposition from rival political parties. Especially those working in the legislative chamber. Milei's party only has a small dominance, compared to the rest of the pack. He won't be able to abolish the central bank, make BTC legal tender, nor replace the Argentine Peso with the US Dollar. It's only a dream. The same can be said about Bitcoin replacing banks (or Fiat for that matter). Despite BTC's decentralized design, it will never achieve its dreams because governments won't allow it. The "Elite" will continue to rule the world until the end. I'm fine with that as long as people have an escape route from the corrupt monetary system. Who needs to replace banks when you can become your own bank? Bitcoin is fine as an alternative to existing Fiat currencies. It can live alongside Fiat for generations. But I can dream, can't I? |
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First of all, I wouldn't call it a "waste" since its their money and they are free to spend it the way they deem fit. But that aside, this is part of the features of a bull market and we have to get used to it. I myself don't believe its smart, but some people are truly printing millions through this means, so who are we to judge?
Of course. People are free to do whatever they want with their money. It's a "free market" after all. But I think there should be some regulatory action to help prevent scammers from making baseless projects that will eventually ripoff people. Around 99% of "meme" coins are like this. Still, you can lose money with legitimate ones. Especially when they have a large supply. More coins in circulation = high inflation = lower value in the long run. People get what they pay for. Among the zillions of "meme" coins on the market, only one has its own Blockchain network (Dogecoin). The rest are built on existing chains which ultimately makes them useless as fees rise like there's no tomorrow. They should move to an L2 network or a Blockchain of their own. At least the competition is healthy. As long as decentralization prevails, there should be nothing to worry about. |
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As also in the various rankings, for me Ethereum is the second favorite after bitcoin. Why? because it is very versatile it has the possibility of making solid smart contracts it has a lot of tokens and offers various earning possibilities such as making liquidity available on defi and the new POS system as well as the addition of new ETFs i believe that in the future its value can only grow, certainly not as fast as the btc
The only downside is the increasing centralization on the ETH network. We can blame PoS for this. It may be the second-largest crypto by market cap, but that doesn't mean it's the best decentralized Bitcoin alternative. In fact, chains like Litecoin and Ethereum Classic are much more decentralized than Ethereum. I sure hope Vitalik Buterin fixes ETH before it's too late. Why do we want "Wall Street" to take over ETH when they will centralize it? Right now, big exchanges and whales are able to influence the future direction of the project with their stake. That's why Bitcoin will never become a PoS "shitcoin". Who knows what will be of ETH in the future? |
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Zcash is a corporate coin (Electric Coin Company/ECC), so I wouldn't trust it. Not like Grin or Monero which are community-owned cryptocurrencies. I've read articles online claiming ZEC has a backdoor allowing governments to access sensitive info when they need to. That was during Zcash's initial days when it had a trusted setup. Developers removed the need for a trusted setup with recent network upgrades, but I'm still skeptical. Good-old GRIN is a much better choice, imo. It's one of the early privacy coins that made use of "Mimblewimble". Just like BEAM. Litecoin even adopted GRIN's privacy tech in its core wallet software. If GRIN development continues, it could become a solid project like Monero. We need as much privacy coins as possible to help counter governments' efforts of taking down mixers for good. Who knows what the future of the crypto industry will be? |
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You're right; these "elites," the old guard, love control and power from the money printer. Since they rule fiat currencies, why would they rebel? The system is rigged for corruption, and they won't want to give up its secrecy
Bitcoin and its movement are changing everything, man. Transparent and tough, it won't change. The goal is to reclaim power, not just technology. Definitely a lengthy road. Every time someone realises they can manage their digital money? A little earthquake rattles the system
You're right about CBDCs. Governments are likely adopting digital currencies. That could be the greatest Trojan horse. After getting used to digital money, people start to wonder who's in charge. That leads to actual decentralisation. Your voice, preaching about independence and not having Big Brother watch your finances, will change attitudes
People aren't seeing the big picture. They're only focused on making money with Bitcoin. Not to use it as an alternative to the corrupt Fiat money system backed by central banks and governments alike. The spot ETFs, taking down mixers, etc. tells us that governments already have an advantage over Bitcoin. It won't be long enough before they're able to control it. Especially by forcing people to comply with KYC just to buy/sell BTC. With that leverage, governments and banks will only get stronger over time (not the other way around). The launch of CBDCs will mark the end of the privacy era, as they will allow governments to have a full scope over your financial life. It's likely they will outlaw crypto/Blockchain tech to prevent people from getting out of their system. The current financial crisis will only accelerate governments' efforts to reset the economy. The question is: Are we prepared for such an event? |
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