He doesn't care, but he cares about the money and accepting bitcoin donations shows he's picked a side.
Biden clearly showed us what side he's on. His senator Warren has been attacking bitcoin for years and trying to promote CBDC and trying to implement 30% tax on mining. Trump on the other hand said he's against CBDC, doesn't support the mining tax and accepts bitcoin donations.
If I had to choose between these two I'd obviously choose Trump. If I could vote for people like Kennedy Jr, that would be my choice, but no real bitcoiner is going to vote for Biden.
Exactly. Why would any crypto supporter vote for Biden? The fierce regulatory landscape and constant attacks against crypto mixers, is one of the many reasons to steer away from the current administration. Regulations must be implemented carefully to avoid harming the growth of the industry in the long run. Under Trump's leadership, the crypto industry was "sailing" in smooth waters. Jay Clayton was the SEC chairman at the time, and wasn't a staunch critic of crypto as Mr. Gary Gensler. The SEC didn't hunt down exchanges for listing "unregistered securities" back then. Smart people will either choose Trump or RFK Jr. as the next President of the United States. Just you wait and see. Who knows what surprises we'll find during Election Day?  |
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Do you think that governments around the world will take a stand to ditch fiat and move forward in favor of bitcoin? This isn't going to happen soon or in the future. As we've encountered the CBDCs, we'll see some new form of system being used in the printing of money to have control over inflation. Banking systems are the backbone of every country, and control plays a major role in the economy. We say that decentralized functioning will make everything better, and we can't be sure of it. From my POV, we don't know the real factors that arise when we go completely towards decentralization.
Of course not! But seeing El Salvador adopt BTC as legal tender, gives me hope that some countries will abandon Fiat in favor of Bitcoin. The rest will carry on as usual with central banks in control of everything. Perhaps rising inflation rates is part of the plan to reset the global economy? With central banks announcing their intentions of rolling out CBDCs, anything's possible. We don't need to worry about this, as long as Bitcoin is at our side. Decentralization must be preserved at all costs. Maybe BTC will live alongside CBDCs for generations?  |
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Nope, not worth it.
The reason as simple, the only things we can do just use (MIXING) and using the addresses are not being identified. To be honest, every transaction is recorded in blockchain even if you are using mixing (not 100% privacy) is more called pseudonymous.
If you are really care about the transaction, using privacy coin is the key while every transaction from address transaction to destination is not being show up into the public on blockchain explorer.
Switching to a privacy coin is an option. But I'm more comfortable using DOGE directly for P2P transfers. My best bet would be to create a new address for each DOGE transaction. The coins would need to be bought on a DEX or F2F (Face to Face) just to avoid leaving a trail behind (no KYC). I don't think this is hard to do. Maybe someone has the "guts" to create a non-custodial mixer for Dogecoin? With recent government crackdowns, the developer (or group of developers) must be careful not to reveal his/her/their identities. It's an uncertain world for crypto, so I can only hope for the best.  |
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I would advise to have a look at $PROM coin.
It is now around $10 and even when the bitcoin was going down $PROM never lost much value.
I also believe this coin is undervalued because it is running a testnet and will be transitioning to mainnet soon.
I expect at least 2x when the mainnet launches, because they have a huge number of interesting partnerships and integrations.
Prom Network is kinda unique in this situation, because the token is already listed on Binance, so the mainnet launch does not imply TGE, which already happened quite a while back.
So they are running the Testnet with all the usual testnet activities like claiming test $PROM from the faucet, minting NFTs and making transfers and so far it all looks well and gonna be even better upon mainnet launch.
And even better news - the Prom Testnet Campaign will award airdrop, but the tokens people will receive for testing the testnet will be forever locked for internal use - meaning that people will not be able to transfer them to exchanges and dump them on the market crashing the price.
Therefore long term holders of $PROM will be completely safe from this airdrop. In case you are wondering what's the purpose of such airdrop I would need to exlain that this has to do with PROM DAO which allows any Prom holder to vote, so in simple words - these aidropped tokens will be used for voting and thus generate additional revenue to the owners.
So I believe the token is undervalued and has great potential, because it has been trading on Binance for quite a long time, not many people know about it and even less people know that they are transitioning to their own mainnet very soon.
Coins that end up being listed on Binance, usually experience a huge "pump" in market prices. I believe the same will happen with the token you've mentioned recently. For short-terms gains, I'd say it's worth it. If the project is able to provide real use cases to the world, it will last a lifetime. Innovation is something developers need to consider if they want their project to stand out from the rest of the crowd. People are focused on making money these days, so they will only choose coins that are following the hype. Expect to see many undervalued coins being left behind in the dust, as investors move on to the next big thing in crypto. Maybe there's a chance coins like Litecoin and Elastic will rise all the way to the moon? Only time will tell. Just remember to diversify your investment, and there should be nothing to worry about.  |
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I think they will tend to disappear, and in fact they are already changing. The ones I have now don't have a space to sign on the back like they used to. With CBDCs and mobile phones, I think they will disappear.
I'm pretty sure card companies will switch to a virtual model after the launch of CBDCs. Plastic/metal physical cards will become a thing of the past. You'd get a virtual card number and that's it. Just like they've been doing lately. Perhaps, they will make a partnership with the central bank to provide CBDC services for the people. Who knows? Despite the fact that digital payments will become a part of our daily life in the future, it's going to take a very long time before paper money and plastic cards get phased out. Seniors will be the first ones to reject such a change. Younger generations will embrace the revolution. As long as we're able to experience true financial freedom (through Bitcoin), nothing else matters. |
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Today Trump officially announced accepting cryptocurrency donations for his presidential campaign. And some rumors say that the Biden administration is panicking because some Democrats are voting against the SEC and that's why the SEC did a 180-degree turn in approving the ETH ETF. I don't know how Biden will handle this bill, but it seems like they won't continue to fight cryptocurrency if they don't want to be surpassed by their opponents in the upcoming presidential election.
Regardless of who will win the upcoming election, I am pretty sure that cryptocurrencies will be a big part of this presidential race and this will be great for the crypto market.
A smart move, to say the least. Accepting crypto donations is one of the many ways to show support for the revolution. Among the few crypto-friendly Presidential candidates in the US, I think Trump will gather the most votes from the crypto community. We will only know for sure after Election Day. Whatever happens, rest assured that Bitcoin won't be going anywhere soon. Assuming it stays decentralized and censorship-resistant. If the US rejects BTC and its variants, another country will embrace the revolution with open arms. I think the UAE and Hong Kong are already ahead in the game. They're the world's crypto/Blockchain hub. Just like El Salvador. Maybe we're closer towards "hyperbitcoinization" than we've previously imagined? |
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Virtually every country in the world use fiat as legal tender, so fiat will always be in use. the Central Bank can only fight inflation by bringing out policies that will checkmate the financial activities of market forces, that way they can easily monitor the forces behind inflation. Because going with the narrative of the OP, if the Central Bank collapses we are in a huge financial disarray, because the Central Bank is the one saddled with the responsibility to understand the activities of financial flow across all board, so I believe they know measures to apply to reduce the effect of inflation.
But what if countries decide to ditch Fiat in favor of Bitcoin? I know governments want control and all, but they have the option of abandoning Fiat if they want to. Doing such a move would be very beneficial to the people. Unfortunately, the "Elites" won't allow this to happen. Especially when it's easy to detect corruption/manipulation/fraud on a transparent public ledger. We should expect central banks to rule the world forever. The launch of CBDCs will only make them bigger and stronger than ever. I'd suggest you keep buying and "hodling" BTC to protect yourself against government oppression. Inflation will keep rising, but only those able to "fight against it" will win in the long run. Who knows how the global economic landscape will look like in the future?  |
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i have not heard of these coins for a long time lol i remember them back in the day but these have been buried in the pile of new coins since 2018. the more coins popping up claiming to be a killer of another coin. they are forgotten and not bought back by their previous investors because the newer ones get attractive every now and then.
if you are to chose one and the safest among them, chose LTC.
That's because most of them are dead. Especially Elastic (XEL). It's no longer listed on CoinMarketCap. Golem switched to a new token under the "GLM" ticker. Existing GNT holders should migrate to GLM as soon as possible. I believe the Golem project is underrated with GLM having a hard time reaching a new ATH in price. The project's concept is interesting. But without mainstream demand, it will ultimately fail. There are many hidden gems on the market that could "blossom" someday. The odds are slim, but who knows? You might get lucky someday. Hopefully, the industry moves away from the "meme" coins craze into what matters most. As long as the utilitarian aspect of crypto is prioritized, there should be nothing to worry about. |
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Bitcoin was never an innovation platform, in fact devs doesn't really pay attention to what other chains are doing.
Maybe it's because developers don't want to sacrifice Bitcoin's decentralization? By being conservative, BTC can remain the most secure and reliable cryptocurrency in the world. If you want to try out new features, use an altcoin instead. Adding new features into Bitcoin, will only make the network more complex. And this will make it less-secure over time. I'd say Bitcoin will remain the "Linux" of crypto forever. ETH and the likes are the Windows/Mac of crypto. They will get shiny-new features, but will often experience "hiccups" along the way. As long as people are able to obtain true financial freedom, there should be nothing to worry about. |
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There is one old Dogecoin mixing service that existed before. I haven't used it personally, nor do I know if they are very active or not. But back then, there was some speculation that the service offered privacy' protection, which I don't know how effective that is. Since it's a matter of funds, you need to be careful. You can search on Google for "Dogecoin mixer." But there were also several warnings from users who doubted the transparency's legitimacy.
But if you really care about enhancing your Dogecoin privacy, you will need to do a little work either by migrating your holdings into layer 2 (like ERC-20) or under the Omni network and operating only on Dex-supported exchanges, or you can swap it to privacy coins like Monero using Dex, then later convert back to Dogecoin and withdraw it back to a sperate wallet, breaking the bridge between it and the old wallet.
If a mixer for Dogecoin exists, it would be centralized. Haven't found a non-custodial solution yet. Speaking of privacy on-chain, I think it will never happen. Especially with the US government going after developers of mixing platforms. I'm yet to see whenever separate L2 solutions with built-in privacy will survive. If the developers/creators of a privacy-oriented crypto project are publicly-known, we should expect it to fail soon. There doesn't seem to be much demand for privacy on DOGE these days. This is not surprising to me, considering that Dogecoin is a "meme" coin. At least, everything is open source. Hopefully, Dogecoin will remain decentralized for generations. |
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It's not the first time we are seeing attacks on anything that has to do with decentralisation. The governments especially US government does not like anything that is beyond there control.
They get nervous any time they hear about a decentralised crypto project, it usually seems some one is about to drag power with them and I believe that Satoshi would have been jailed if he was know just as they are failing the few people who didn't hide their identity while creating a decentralised protocol.
I think Alex made a huge mistake for showing his identity, he should have learn from Satoshi who knew how the government will react when they find something like bitcoin and disappeared till date, if Alex was hide to an extent I guess he would have escaped all these sentences.
I'm afraid so. What was he thinking, anyways? Developers like Alex know that making a privacy tool would bring unwanted attention. Why do you think Satoshi never revealed his identity? Because he knew that creating a decentralized currency outside the reach of mainstream governments would bring terrible consequences in the long run. Satoshi would've been jailed if everyone knew who he/she was. I sure hope crypto developers learn a valuable lesson with the recent incarceration of Alex. To help protect decentralization, privacy, and freedom, developers must never reveal their IDs to the public. Unfortunately, the majority only wants to attract investors than "sticking" with crypto's ideals. We'll be left with a small number of truly-decentralized projects in crypto land. At least, not all hope is lost. |
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It's an old issue and I think it was solved before but if you were afraid of vulnerabilities then go with a passport the only problem is it's a bit expensive compared to Trezor. Why not if you have an extra device that you don't usually use online make a cold storage Monero wallet and watch-only wallet for online devices? I have never done this except on a BTC wallet but I heard you can also do that in Monero check this link below for how offline transaction works the advantage here you don't need to buy a new hardware wallet. - https://monero.stackexchange.com/questions/2160/how-do-i-use-cold-transaction-signingOr maybe I could use an old Android phone and create a new XMR wallet with monerujo without ever connecting it to the Internet. Cold storage is a great option for securing XMR long-term. But I'm more inclined into something that gives you the "best of both worlds". Something that's secure and can be used for daily payments. The only thing that meets such criteria is a hardware wallet. On the open source side, it seems that my options are limited. I guess the Passport wallet is the best choice available right now (although expensive). Blockstream's Jade is even cheaper but only supports BTC. But since it's open source, maybe someone will find a way to make it work with Monero? Hopefully, that'll be the case in the long run. |
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I think it's a matter of supply and demand. Five years ago, your colleague's skills may have been highly sought after, with low supply and high demand, leading to higher salaries. But now, the supply of people with those skills is higher, while demand may be lower or stagnant. This gives companies more options, so they can lower salaries and easily replace employees who don't agree.
To stay competitive, we need to constantly improve our skills and perhaps take on more responsibilities to become indispensable to our employers. Additionally, diversifying our income sources can help. The resources are limited, but the number of people entering the job market keeps growing each year. This increases competition and can lead to some people experiencing economic hardship.
Yes. The jobs market is very tight right now. At least, in the US. My friends were having a hard time finding a new job there. It's almost impossible to get accepted these days because of the worsening economic situation. People are holding onto their jobs, while employers are getting too picky when choosing someone to fill a vacant position. A completely different picture of what mainstream governments are "painting". They say inflation is going down or is being put under control, but what's happening is all of the contrary. We can blame rising geopolitical tensions for this. If we had peace, things would've been different now. It's going to take a very long time before the economy recovers. With CBDCs on the brink of launch, we should only expect the worse.  |
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Among the zillions of coins listed on the market, which one(s) do you think is/are undervalued right now? And why? I believe Litecoin is an undervalued cryptocurrency because of its limited supply (84m coins), greater transaction capacity (than Bitcoin), and built-in privacy features (Mimblewimble). I also believe Elastic (XEL) and Golem (GNT) are undervalued as they're decentralized supercomputing networks with limitless potential. What is/are your pick(s)? Your input would be greatly appreciated. Thank you very much. |
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Has anyone found a way to make DOGE transactions private? Not at the protocol level (although it would be cool), but rather a separate solution like a CoinJoin market. I understand Dogecoin is a "meme" coin and all (not meant to be taken seriously), but having a little privacy doesn't hurt. Especially with increasing government surveillance. What do you think? Is it worth making DOGE transactions private? If not, why? Can you achieve optional privacy on Dogecoin? Your input would be greatly appreciated. Thank you very much. |
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The first block was mined in 2009. Bitcoin has a 15 year record of reliability, security, decentralisation, continued upwards price trajectory. Nothing lasts forever but Bitcoin is not going anywhere any time soon. Every year we are seeing increased adoption, even now by highly reputable institutions. You simply must own at least some Bitcoin.
Of course not. At least not in the next 10-20 years. I think Bitcoin will last until all coins are mined. That's if developers continue to improve the Blockchain (and it stays decentralized and censorship-resistant). I'm yet to see if CBDCs will ever become a threat to the very existence of BTC. Governments might go as far as making Bitcoin (and crypto) illegal just to force everyone to use their CBDCs. Just like what China is doing now. I dunno. Maybe I'm thinking too much. Nothing is guaranteed to last forever. So we should enjoy BTC while it lasts. |
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In my opinion, Dogecoin is the largest and most trustworthy memecoin one can find in the market, the next one would be Shiba Inu. It is the original memecoin by definition and it continues to be one of the most relevant projects to this day when comes to memecoins. Sure, it does not have the potential to give big earnings to holders, as other memecoins could, but we do not need to be geniuses to know a lot of "so-called" memecoins are nowadays scams in disguise.
Ir reminds me when someone started a memecoin project beaee on the then-popular series "Squid Game", it was a coin which one could buy but not sell until the administration behind the project gave permission for it. As a result, the price pumped hard, but nobody could profit from it.
In the end, the obvious happened and the developers pllied the rug and ran away with all the liquidity of the coin in the form of BNB.
People do not learn, it seems...
People don't learn because they're blinded by greed. They think they will get rich quick by buying and holding "meme" coins. But that's not the way it works. Eventually, we'll be left with a only a few "meme" coins due to lack of active development and innovation. I'm confident Dogecoin will survive because it's the oldest "meme" coin in existence. I can't say the same about Shiba Inu, especially when it's relatively new to the world. Without use cases, I don't see DOGE or any other "meme" coin retaining market prices for long. At least, they're a good way to introduce new people into crypto. Let's hope developers start taking things seriously with "Wall Street" in the game. As long as they focus on quality instead of quantity, there should be nothing to worry about. |
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Both the chairman of the Fed and the chairman of the SEC were appointed by... President Biden.
Gary Gensler's SEC approved the ETF. He is not anti-Bitcoin. He recently pointed the very true fact that most holders of Bitcoin do so through a financial institution. His interest in making Bitcoin safe to trade for consumers which will ultimately raise the price of Bitcoin because it will reduce the risk of holding it.
Elizabeth Warren proposed taxes on the power taken up by mining. That is a politician looking for a way to raise taxes (from rich people no less), not somebody who is out to get Bitcoin.
Bitcoin went up 500% under president Biden.
Only a fool would vote to radically change the situation under which that happened. Bitcoin holders are going to cut through the politics and go with the safe bet, which is staying the course.
Gary Gensler had no choice but to approve the spot ETFs. He was "cornered" in a wall after Grayscale's victory in court. After the SEC approved Bitcoin spot ETFs, Gary quickly went to advise investors about the risks of investing in such an asset. I'd say he's more skeptical of Bitcoin (and crypto as a whole) than anything else. And Elizabeth Warren has always been a staunch critic of crypto. Everybody knows that. Didn't she imply that bad actors where using the tech to avoid sanctions? She even drafted a bill meant to increase oversight on crypto assets. Talk about a Democrat. Republicans are much softer towards crypto. You didn't see increased regulatory action against the crypto industry during the past administration (under Trump's leadership). Crypto supporters know who'll they be voting for (either RFK Jr. or Trump). We'll see what will happen after Election Day. |
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Asking about the survival of debit cards differs greatly from asking about the survival of these companies. These companies will likely survive, because they're not directly linked to retail banks, which are the entities that might ultimately fall in terms of economic prosperity, or even cease to exist at some point.
It's likely credit card companies will change their business model to survive. Plastic cards will be eliminated, but that doesn't mean they can't issue virtual cards. I'm yet to see how that will work out once CBDCs become public. Maybe they will be the ones offering CBDC services to people instead of the central bank itself? Only time will tell. With the world moving away from the physical realm, we should expect plastic cards and paper money to become a thing of the past. Everything will be "tokenized" in the future. The question is: Are we prepared for such a drastic change? |
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I've read that Trezor had some flaws/vulnerabilities regarding the mechanism used to secure the seed (using a passphrase). Not sure if that's been addressed already, though. I'd try out the Passport wallet with the Monero-supported firmware. The device looks nice, although it has a hefty price tag. If there was any cheaper alternatives, it would've been better. Good to know. If Trezor is a rock-solid choice in terms of security/reliality, what could go wrong? Not sure if I'll get this one or the Passport. How about installing an open source monero wallet on an old device that is air gapped (completely not connected to the internet)? Probably running Linux OS. Not that's an open source hardware wallet created by you and it's cheap Thanks for your suggestion. But I'm more into mobile devices than PCs. Particularly Android. An open source hardware wallet + Android would be the ideal setup for me. I will keep this in mind if I want to put my XMR in cold storage, though. |
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