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861  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs the government on: October 09, 2023, 10:35:10 AM
Banning Bitcoin won't change the direction of Bitcoin. The government just doesn't like to adapt Bitcoin officially because they don't want to lose control of the economy. Don't expect any government to announce Bitcoin as the national currency. Centralised governments won't adapt to decentralised currencies where they have their own fiat. So a war will exist between the government and Bitcoin. Even many developed countries allow people to use Bitcoin, but they really don't like to adapt it. Any country won't have double currency. So the government will always oppose it. El Salvador adapts Bitcoin as legal tender, but I don't think it does help them a lot. Rather, they are forcing citizens to use Bitcoin. So other governments are monitoring them as well, but still no one is in. There are many factors; if everything becomes decentralised, then the system will collapse.

Hasn't El Salvador adopted BTC as their national currency? The Salvadorian government has been forcing businesses and merchants to accept the cryptocurrency all across the country. It even has plans for a Bitcoin City powered by "geothermal mining". I know it still uses the USD as a alternative currency, but the country might as well ditch it completely if BTC adoption becomes a huge success. I'm surprised about this, considering that governments are always striving for control. Encouraging citizens to use Bitcoin will make the government feel "less powerful".

Despite the fact that El Salvador adopted BTC as legal tender around two years ago, the vast majority of the world's countries still patronize the usage of Fiat. There are predictions that mainstream governments will "ban" Bitcoin after the launch of their very own digital currencies (CBDCs). This is to be expected after the reasons mentioned earlier. No one knows what the future holds for Bitcoin, so we can only hope for the best. Wink
862  Bitcoin / Bitcoin Discussion / Re: What is this fascination with claiming to be Satoshi Nakamoto? on: October 09, 2023, 10:31:50 AM
Grifters, scammers, fantasists, narcissists & a mixture of all of that I suppose. Bitcoin is perhaps the greatest innovation of the last 100 years. To be able to say you are Satoshi Nakamoto, the creator of such a phenomenon is kind of a big deal. All of these people who want what comes with that, want what it would bring to be the great Satoshi. Ignore all the noise though, I don’t believe Satoshi will ever come out of hiding, it goes against everything that he is/was. Certainly none of the scammers who have claimed to be Satoshi so far are the great man.

For a cryptocurrency that went from being worth nothing to thousands of dollars after a few years, you can bet anyone would want "a piece of the pie" by claiming to be the real Satoshi. It's all drama because there's no way the original Bitcoin creator will show up in public. Especially now when most governments consider Bitcoin to be a threat to the very existence of Fiat currencies. You think Satoshi would want to reveal his identity when there's a huge risk of doing so? It's best for Satoshi to remain anonymous for the good of the Bitcoin project. Either he is dead or he is hiding somewhere quietly watching Bitcoin's developments.

I believe we should move on and focus on what matters most (which is bringing banking to the unbanked). The more people adopt Bitcoin as their currency, the more Fiat currencies will lose ground. A nation adopting BTC as legal tender (eg: El Salvador) is a first step towards "hyperbitcoinization". Maybe someday BTC will become the "one world currency" many were talking about? Smiley
863  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: October 07, 2023, 06:58:38 PM
Payment processed.

Perfect! Thank you so much! Cheesy
864  Alternate cryptocurrencies / Altcoin Discussion / Re: Opinions on Native Coins/Tokens of Exchanges? on: October 06, 2023, 03:23:12 PM
First of all, a CBDC doesn't work like a cryptocurrency or operates on a blockchain network but they are digital currencies that are controlled by the banks or authorities that release them, so they can't really replace stablecoins in the cryptocurrency market. People will not and can't abandon stablecoins and start using CBDCs even if they are forced to do so because some just don't want to use coins that are totally regulated and centralized.

And, who told you that exchange-based tokens or coins are decentralized? They are not completely decentralized despite the fact that they run within blockchain networks and the transactions aren't really controlled by the parent exchanges but they can easily be modified or manipulated.

I am aware exchange coins are not as decentralized as they claim to be. Especially BNB which is heavily-manipulated by Binance. You can't say that CBDCs "won't operate on a Blockchain network", especially when governments and central banks have expressed their interest towards the tech. They could launch a CBDC that lives within a private blockchain network controlled by one or more banking institutions. Don't expect them to use a public blockchain network like Bitcoin, Ethereum, or XRP, though.

We're going to have to see whenever governments will allow stablecoins to co-exist with CBDCs or not. It's easy to take down a centralized stablecoin than it's the case with a decentralized cryptocurrency like Bitcoin. The future is widely unpredictable, so we can only hope for the best. Wink
865  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be the biggest means of fulfilling dreams in the future. on: October 06, 2023, 11:18:03 AM
It is always better to save your money (extra savings) in Bitcoin than in your bank account. Every person in the world is putting efforts into a safe and secure future for themselves and their family. Bitcoin is providing a way to fulfil your dreams. If you invest in Bitcoin now, you can be rich after ten years. You can be financially stable, in your dream house, living a happy life. For example, imagine a person who invested in Bitcoin from 2011 to 2012 and held it till the last bull run; he became a millionaire from a few hundred dollars in BTC investment. Now imagine the price of Bitcoin after a decade. It surely will change your life if you invest in BTC. Be patient and trust Bitcoin.

Of course. From time to time, Bitcoin has been proven to "deliver as promised". It's a deflationary cryptocurrency, so odds are BTC will reach higher market prices in the future. It makes sense to save money in Bitcoin when Fiat currencies are going all the way down the drain at a very fast pace (because of inflation).

In developing countries, Bitcoin does wonders to its holders. If you spend less than what you earn, you might be able to become a wealthy person in the long run. The only limit is your imagination. Maybe someday the world will switch to the "Bitcoin Standard"? Grin
866  Alternate cryptocurrencies / Altcoin Discussion / Re: Promising altcoins? on: October 06, 2023, 11:12:16 AM
There are other tokens with much APY reward actually, you can check through different exchanges to get that, I’m sure exchanges like Bitget has some cool APY % reward.

I wouldn't stake coins in a centralized exchange due to the fact that they always get hacked or turn bankrupt in an instant. The risk is simply too high to bear. If you're keen on staking, I'd suggest you do it on a decentralized platform, or through the network itself. If there's a promising altcoin I'd pick (which can be staked), that would be ETH. It has the biggest ecosystem of dApps, tokens, and services around it. Not to mention, ETH is far more decentralized than BNB itself. Vitalik promised to fix centralization issues with subsequent network upgrades, so it's likely ETH will last for a very long time.

Saying that ETH will be "replaced", is like saying BTC will replaced by another cryptocurrency (which is something very unlikely to happen). Just do your own research before making any investment to help determine what works best for you. 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 two sats Smiley
867  Bitcoin / Bitcoin Discussion / Re: What is this fascination with claiming to be Satoshi Nakamoto? on: October 06, 2023, 11:08:55 AM
Why are these people obsessed with being identified as Satoshi Nakamoto, the creator of Bitcoin? In 2019 this website reported a list of self-proclaimed bitcoin founder;

  • Ronald Keala Kua Maria
  • Pakastani Bilal Khalid and his PR firm Ivy McLemore  
  • Debo Jurgen Etienne Guido
  • Jörg Molt
  • Craig Wright
  • Paul Calder Le Roux

There are more who have claimed to be Satoshi but why? Why do they want to be Satoshi so bad they look stupid to the public with all their self proclamation. In fact there are so many dangers in being Satoshi because he would be the center of every backlash, investigations, arrest warrants, and what have you. And besides, it would make no difference because he, Satoshi technically would have no say on how the bitcoin network should or should not run based on the consensus. Which other faketoshis do you know? And have you ever taken any of them seriously?

Why? Because these people are looking to gain all of the attention from the public. After all, Bitcoin is an extremely-popular cryptocurrency worldwide. Imagine all of the fame and fortune a guy (or gal) like Satoshi will have if he/she reveals him/herself to the public. It's this reason why we see so many "Satoshi wannabes" who want to get a "piece of the pie". Particularly, Craig Wright which is named by many as "Faketoshi". This guy even wenT as far as forging cryptographic keys to fool a BTC developer (Gavin Andressen). And let me tell you, this developer really fell for it.

The community, however, will not be fooled. Smart people will ask for proof to determine whenever a person is the real Satoshi or a conman. If he/she is able to sign the keys belonging to the real Satoshi, then the community will be "sold". Why would it matter, anyways? Bitcoin has been doing fine without Satoshi. As long as it works as intended, there should be nothing to worry about. Wink
868  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs the government on: October 06, 2023, 10:58:45 AM
Government and their fear for Bitcoin!

Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.

The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.

Financial power and control is returning back to the people, which is a welcome development.

The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
 To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.

One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,

Please the government need to know this, they have already lost.
All the bitcoineers cheers

The government has always been against Bitcoin because of its decentralized and censorship-resistant design. If they can't control it, they will try to ban it. Or at least, they will regulate it "down to the bone". I wouldn't say "the masses will rise up against them", especially when many people don't even know what Bitcoin is (or haven't even used it before). The world is still dominated by Fiat currencies (particularly the USD) whenever you like it or not.

Considering that Bitcoin has volatile market prices (aside from the fact that transaction capacity is limited), don't expect it to replace Fiat anytime soon. Despite the fact that BTC cannot be taken down, I'd say governments have already won by limiting BTC's ability to take over the existing monetary system with fierce regulatory pressure. The only way BTC will win is if people begin to lose trust in Fiat currencies. Once governments and central banks lose credibility, Bitcoin will be able to "rule the world". Who knows what the future holds for the cryptocurrency? Cheesy
869  Economy / Speculation / Re: Why Is Bitcoin Price Increasing? on: October 05, 2023, 01:53:22 AM
It's impossible to know where bitcoin's bottom will be during this bear season, but we're probably so close to the bottom that waiting and not buying now is a really bad idea. Those who are still waiting for lower prices to buy will have to buy at higher prices because their greed is too great.
Furthermore, they will also be the ones who miss the opportunity to take profits during the bull season because they always want to buy at the lowest price and sell at the highest price. But they don't know that no one can know where is the bottom and what will be the highest price until everything passes.

We can never tell for sure when Bitcoin will "hit the bottom". That's because the crypto market is widely unpredictable. Too much volatility = too much risk. If you get in now, it's likely prices will further decline due to "bearish pressure". Or the opposite could happen where BTC goes all the way to the moon in an instant.

Regardless of what happens with Bitcoin's price in the future, I know for certain that the cryptocurrency won't be going anywhere soon. That's because of its tried-and-tested Blockchain network with decentralization in mind. If BTC got this far, it's likely it will last for generations. Just use it as a currency and forget about the rest. Wink
870  Economy / Speculation / Re: Can 1 satoshi be worth $1 in the future? on: October 05, 2023, 01:46:37 AM
i know OP is a LN supporter.. but its already a failed network. 6 year of bugs and flaws. other subnetwork bridges have more liquidity so dont point fingers that people should move to LN if fee's cost more then $1 per sat.. LN is not the sanctuary
.. many people are already using other subnetwork bridges

anyway onto the point of the topic.
bitcoins code allows sat/kb  meaning people can make a tx for just 1 sat that represents 1kb of data

however the blockspace competition would be that not everyone will get priority if everyone paid the minimum. so space competition will have rankings of people paying 4sat+ per kb where 1sat/250byte* as the min (*a lean 2in 2out tx)

so if 1sat is $1 then a average tx is $4 which as any economy of payment systems of history show. no one likes to pay $4 per wire transfer.. at current inflation value of $4 purchasing power)
even if we take bank wire(mainnet EG) vs paypal(subnet bridge EG) even if paypal offers tx for 1 cent people wont want to use paypal if it costs them $4 to close and open an account each month to rebalance
at current $4+ real world purchasing power... just look at the social drama each time there is a fee war exceeding $2/tx

..
i feel that over all, gone are the days of halving events causing 100x price drama ATH, and 10x drama are gone per halving, so dont expect a $100m btc any time soon

in the recent halving cycles we seen a 3.5x from one cycle to the next ($20k to $70k)
the next one might me 2-3x meaning $140k-$210k

so in the next 2 decades(5 halvings) we may only get to a couple million per btc meaning 100sats being worth $1-$2 thus 1 sat being 1-2cent

where the potential of a 1sat $1 being many many many decades further along.. if ever(the $100m/btc)

the time where i see $1 =1sat is where $1 doesnt even buy you a can of pepsi, whereby $10-$100 is a can of pepsi due to fiat inflation.. thus a $4tx fee of 4sats is a slice of bread cost

If $1 per sat ever becomes a problem, developers can simply make Bitcoin more divisible (fractional satoshis). In the future, we will be dealing with half of a satoshi (1/2 sat), a quarter of a satoshi (1/4 sat), and so on. As for the LN, I'm surprised to know it's still full of bugs after years of development. This explains why the L2 scaling solution is not as popular as one thought it would be.

Altcoins with on-chain scalability may be a better option, though (eg: Bitcoin Cash). We may be "lightyears" away before 1 sat is valued at $1. Let's just sit back and enjoy BTC while it lasts. Wink
871  Bitcoin / Bitcoin Discussion / Re: BlackRock wants to reduce the price of Bitcoin on: October 05, 2023, 01:32:52 AM
I am. This price is too good to let it go, maybe it will go down to $22-24k, who knows, but it's not a big difference especially if we look at the big picture: halving and ETFs. If in the next 2 years reaches $150k or even more who cares buying at $24k or $27k, it's still a great profit anyway, and personally I prefer not to risk, some people always wait for a better price and they end up missing big buying opportunities.

There are some people waiting for BTC to go lower in price to "make the move". They're afraid getting in now, as they believe prices will continue to go all the way down "rock bottom". We can't tell whenever that will be the case due to the unpredictable nature of the crypto market. All we can do is buy BTC regardless of its market price and wait to turn a profit in the long run.

I'm confident Bitcoin will go well above $100k due to ever-increasing demand from companies, businesses, and individuals alike. Combine the approval of a spot Bitcoin ETF, as well as, the halving of 2024 and market prices won't go back to $24k ever again. Maybe BTC will go as far as replacing Gold someday? Grin
872  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should I keep my BNB or Sell it? on: October 05, 2023, 01:20:31 AM
BNB have future as long as binance still exists, but its indeed better to invest in bitcoin because bitcoin known to grow from year to year.
the only thing that will hold you from investing in bitcoin is probably the fact that $800 is not significant amount to invest, more likely have little profit even if bitcoin rise 20%.

Holding BNB is a huge risk, especially when Binance is too tied to it. Centralization = short life span for the cryptocurrency in question. I'd choose ETH over BNB anytime due to the way it was designed. It may have turned centralized, but it's not as bad as BNB. I'd be surprised if BNB lasts 1-2 decades from now with tightening regulatory pressure in the industry.

If Binance wants to make BNB decentralized, it's going to need to change the name of the coin/Blockchain (rebranding), as well as, expand the number of nodes that can support the network. But that would be a dream considering that Binance is going to miss a huge opportunity for profit. At least, we have plenty of options to choose from. As long as there's one coin that's decentralized, nothing else matters. Just my thoughts Grin
873  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Doge can it go 1$ on: October 05, 2023, 01:15:23 AM
With doge on 1$, it will have 141B$ market cap. Is that even realistic? Now, it's sitting on 8B so that's almost 20x.
Well, you can dream, that's not forbidden but I doubt it.

It's possible. But Bitcoin needs to rise first for such a prediction to become a reality. We all know DOGE can't go to the moon on its own. It's a "meme" coin with no "substance" behind it. No one would take it seriously other than those who're looking to make a quick buck. By the time Dogecoin goes to $1, BTC would be valued at more than $100k per coin. You'd be lucky if you held DOGE by then.

I'd put my focus on Bitcoin, since that's where the money is. It's the original cryptocurrency that started this craze. Who knows how long Dogecoin has left before it fades away into oblivion? Smiley
874  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins that you trust most on: October 04, 2023, 06:52:44 PM
Choosing both ETH and BNB might seem peculiar, as they both operate on their respective blockchains. The differentiating factor lies in the decentralized nature of ETH, while BNB is centralized in terms of the applied consensus method.

It's important to remember never to put all your money in one bucket. Investing in both models, in my opinion, is a reasonable approach. If one doesn't yield profits, the other model could generate income. This aligns with the general investment objective, which is to seek gains.

I wouldn't call ETH a "decentralized cryptocurrency", especially when most nodes are controlled by Amazon (AWS). Not only that, but big exchanges hold a large stake on the ETH blockchain. If it would've stayed a PoW cryptocurrency, things would've been different by now. At least, ETH is a much better option than BNB. The latter is even more centralized with only a few nodes supporting the network (which are controlled by Binance itself).

If there's an altcoin I'd trust, that would be Litecoin. It's as close to Bitcoin in terms of decentralization and censorship-resistance. You won't find a better option on the market, especially when most developers are making "shitcoins" which no "substance" behind them. As an investor, you are free to choose which coin to add to your portfolio. As long as you play your cards right, there should be nothing to worry about. Just my thoughts Grin
875  Economy / Speculation / Re: Will ETFs pump BTC to $100k soon? on: October 04, 2023, 06:45:36 PM
The postponement means that they will accept the application when the time is right. So I think the process we are going through can only be called waiting for the right time.

I can't say whether the SEC chairman overstepped his authority or not, but I know that when the time is right, the SEC will accept the decisions that the SEC has postponed. I think it's better for Bitcoin that they don't make these decisions now. I think it would be more effective to accept applications when the halving happens or shortly before it happens.

The "right time" will be when crypto is regulated "down to the bone". Once the SEC feels confident crypto won't take over the USD, it will approve the spot Bitcoin ETF without remorse. That's the way it works. We can't expect the US government to quickly open the doors for crypto/Blockchain innovation when it goes against what was established in the first place. If they can't control crypto, they will make people's lives harder by tightening regulations.

Market prices will surely "pump", but the industry will be as centralized as ever. Hopefully, the core Bitcoin blockchain will remain impervious from centralization attempts by the government. As long as decentralization wins, nothing else matters. Just my opinion Smiley
876  Alternate cryptocurrencies / Altcoin Discussion / Re: What happens if USDT falls down? on: October 04, 2023, 06:41:08 PM
At least in all these years of trading in the crypto market, you know it's not dependent on one coin, so I am sure even USDT's fall will have some impact on investors but not the whole market. And also, USDC and USDT are fine. There is a lot of fud out there; USDT did a lot of sketchy things, but I will say USDT has a bigger market cap than USDC. There are a lot of people trying to take out your USDT, and maybe in the future it dies, but right now I don't think it's that big of a deal. I think a lot of it is a fud. But what I will say is that you can't short the market without usdt on the platforms that I use, so I am cool with holding usdt right now. In the future, that might change, but yeah, just don't get caught in the fud.

Not the "whole market"? Nearly every cryptocurrency has a USDT trading pair. I'm pretty sure a USDT crash will have long-lasting repercussions on the crypto market. Such an event will cause huge distrust among mainstream investors and traders alike. USDT has been holding well so far, but it's not guaranteed to last forever.

It's advised to cash out to Fiat (USD) whenever possible. No one knows when "the time bomb" will explode. Just avoid putting all of your life savings into USDT, and there should be nothing to worry about. Wink
877  Alternate cryptocurrencies / Altcoin Discussion / Re: After FTX collapse, some call for a return to decentralized roots on: October 04, 2023, 06:38:17 PM
If I decide to use some exchange I trust it enough to leave some funds hanging there. Some funds, for some time... never "all in" and never "all the time". If I don't trust it, I will not use it, simple as that. And yes, we will continue to trust CEXs with our money, numbers are clear about that, simply CEX has a lot to offer. Because of that I am ready to close my eyes on security and risk some amount just to take advantage of some stuff. In my case, it's mostly staking.

But I never risked some big amounts on that, for me it's like gambling, I will never risk more than I can afford to lose. But some people are ready to risk literally "all-ins", and that is not smart/wise! In years we saw many exchanges/casinos/cryptoservices falling down just like that, so that old one worked and will work all the time "Never keep all of your eggs in one basket"!

CEXs are the only gateways between the crypto and Fiat worlds, so don't expect them to disappear anytime soon. As you've stated before, it's always important to "never keep all of your eggs in one basket". You'd minimize risks of loss if one exchange goes all the way down the drain in an instant. Leaving only a small amount of coins for trading purposes would help you protect against undesired events. If you're keen on trading large amounts of crypto, DEXs and P2P trading platforms would be the way to go.

People need to be properly educated to help avoid getting into another disaster caused by mainstream crypto exchanges. What matters is that crypto stays decentralized so it could stand the test of time. I'm confident crypto will live alongside Fiat currencies for generations. Wink
878  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: October 04, 2023, 06:34:19 PM
USDT is a crypto currency stable coin, which means it is supposed to be worth one dollar and can be redeemed, in theory, at any point for one dollar. USDT is widely popular, and it is used across almost every major crypto currency exchange, every major defi platform, and every blockchain's got Usdt, the wide-scale acceptance aside, has been plagued by controversy over the years. Constant questions regarding the company's reserves and their ability to actually meet their obligations never cease to circulate online. The founders of usdt were only doxed after the paradise paper leak showed that it was made by the same team behind the Bitfinex crypto currency exchange, and as a whole host of other allegations have basically circulated, they've all worked to tarnish the reputation of usdt and have led to constant fears that usdt could implode and take all of crypto right down the toilet.

Cryptocurrency? More like a centralized digital Fiat currency. It's nothing like an ordinary cryptocurrency due to the way it's designed. You can see why banks and "Wall Street" like stablecoins a lot. Especially USDT. After all, it's the biggest stablecoin on the market. But it's also the most manipulated digital asset.

The shady USD reserves and constant printing of new units (although that eased off a bit), tell us USDT cannot be trusted with your money. Since it's not insured by a US government agency (particularly the FDIC), investors will lose everything in an instant after a hard crash. Same goes for USDC and other variants. If you really want to be safe, cash out to Fiat (USD) instead. Who knows how long will stablecoins last? Just my thoughts Grin
879  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Monero so unpopular? on: October 03, 2023, 03:52:04 PM
Monero differs from the bulk of cryptocurrency in its high degree of anonymity, and this is the problem of its current state. Many understand that states will strengthen regulation of cryptocurrency and this will primarily concern the identification of participants in the cryptocurrency market. If this affects Monero, then its specialness and current attractiveness will disappear and this coin will turn into hundreds and thousands of them that are available in this market. Some states, including Japan, simply prohibit the circulation of this coin on their territory and this cannot but affect the decline in its popularity.

Regulations will get tougher over time. I hardly doubt Monero will gain the approval of the regulators due to the way it was designed. The cryptocurrency will face constant opposition from mainstream governments until it's "banned for good". At least, people will still be able to get access to it through DEXs and P2P exchanges. What's important is that Monero stays private and decentralized forever. As long as it stays that way, there should be nothing to worry about.

I couldn't imagine an scenario where privacy coins become extinct in the future. If that happens, everything crypto (especially Bitcoin) has achieved so far would be nothing but lost. We can never underestimate the power of governments and banks. No one can predict the future, so lets hope for the best. Wink
880  Alternate cryptocurrencies / Altcoin Discussion / Re: Any new PoW coins on the market? on: October 03, 2023, 03:45:52 PM
ASIC miner producers are billion dollar companies. They are not going anywhere and keep releasing new miners.

In terms of POW altcoins like Kadena, you shouldn't mine them 24/7. Miners are always checking the most profitable coins at the moment. So you may buy an ASIC miner for BTC but switch it to Kadena for some time (can be even a few hours) once rewards are higher so you don't need to buy expensive equipment for alts only.

I hope so. It would be up to ASIC manufacturers to make their hardware energy efficient with every release. Not only that, but miners themselves would have to rely on alternative energy sources. Once PoW becomes "environmentally-friendly", governments will have no excuse to keep targeting coins with such consensus mechanism. There's been some progress in the mining industry, so I'm confident PoW coins will be here to stay.

The more PoW coins we have, the more decentralized the industry will be. Unfortunately, PoS coins dominante a large portion of the market. Don't expect this to change anytime soon, especially when exchanges and whales are profiting from it. Money talks, right?
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