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1  Bitcoin / Bitcoin Discussion / Is Bitcoin a safe haven? on: August 06, 2021, 04:05:36 AM
The characteristics of Bitcoin make it an extremely attractive investment. Bitcoin transactions do not require third-party authentication and can be free from the control of governments or banking systems around the world.
In times of crisis, people are uncertain whether banks can continue to operate, and confidence in the banking system or its government support often falls to the point of bank runs, and there is little reason to believe that banks will continue to operate. Bitcoin is global, so there is no reason to doubt that it will continue to operate. This means that if there is an economic recession, banks and governments will face solvency issues, making their services somewhat risky, and Bitcoin looks more stable. Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile.

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US Federal Reserve Chairman Jerome Powell once stated that Bitcoin is a "speculative store of value" and Bitcoin investors are speculating on it as a store of value.
This is not to say that Bitcoin cannot play the role of a safe haven, but Bitcoin may not be a real safe-haven asset at this stage.

Will Bitcoin eventually become a safe haven for the banking system?
https://www.rt.com/op-ed/531238-crypto-regulation-sec-cbdcs/
2  Economy / Economics / Miami will launch its own cryptocurrency and reward users with bitcoin on: August 03, 2021, 03:43:21 AM
In June of this year, at the Wynwood's Mana Convention Center in Miami was held the "Miami Bitcoin 2021 Conference", which is the largest event in the history of cryptocurrency. This meeting delivered positive news. The cryptocurrency represented by Bitcoin has achieved a deeper consensus, and the legal status of Bitcoin has been more clearly determined. The Mayor of Miami has gained a reputation in the cryptocurrency community for his support of Bitcoin and the incentive plan designed to promote the adoption of digital assets throughout the city, and said that Miami will become the capital of Bitcoin and launch the city's cryptocurrency MiamiCoin.
According to reports, Miami will launch its own cryptocurrency MiamiCoin (MIA) on August 3 local time, to fund infrastructure projects or activities in the city and encourage people to move to Miami. MiamiCoin is built on the CityCoin platform, users will be able to mine MiamiCoin, borrow money, and even program it. The city government can earn cryptocurrency rewards while supporting the city, and token holders can also earn bitcoin income.
But the MiamiCoin project is experimental. Don’t know if it can bring income to the city and how does it allocate Bitcoin as a reward?
https://decrypt.co/77487/miami-cryptocurrency-miamicoin-launch-bitcoin-rewards?utm_source=reddit&utm_medium=social&utm_campaign=sm
3  Economy / Economics / Can blockchain replace the traditional banking system? on: July 28, 2021, 01:55:33 AM
The emergence of blockchain technology has changed the development of global digital payment system business. With the impact of new cryptocurrency projects on banks and other financial institutions, many companies are forced to start making changes to their systems.
In the traditional financial system, the regulator will monitor your operations in order to maintain the integrity of the system, and the process will incur large costs and may be full of fraud. But the blockchain system gains integrity by incentivizing the best interests of the system and allowing anyone to verify it.
Blockchain and cryptocurrency are integrated into all walks of life to solve traditional solutions with safer and more efficient technologies. Although it is well known that it cannot replace cash, it may have the opportunity to replace or cooperate with traditional banking systems. Blockchain as an important innovation field of financial technology, can it replace the traditional banking system in the future?

https://www.ibtimes.com/can-these-blockchain-solutions-replace-traditional-banking-system-3259844
4  Other / Beginners & Help / How to recive money with Lightning Network on: July 23, 2021, 01:41:14 AM
I used to have an e-wallet and I knew how to accept Bitcoin payments. But I recently learned that using the Lightning Network can also be used for payments, and it also has the advantages of low fees and fast payments.
I have a store and I want to use the Lightning Network to recive money. How should I do this?
5  Economy / Economics / Why do most cryptocurrencies rise and fall together? on: July 22, 2021, 01:30:54 AM
Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
6  Economy / Economics / Which cryptocurrency do you decide to invest in for the long-term? on: July 07, 2021, 08:25:04 AM
I am a newbie who has just entered the currency circle, and I am very interested in the crypto market.
I want to try to buy some coins, but now I lack the analysis and judgment of the crypto market. Which cryptocurrency is more valuable and has appreciation potential?
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