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1  Alternate cryptocurrencies / Altcoin Discussion / Buying old coins: Is it worth it? on: June 11, 2021, 03:40:30 PM
With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you. Smiley
2  Alternate cryptocurrencies / Altcoin Discussion / How do you make money with NFTs? on: June 11, 2021, 03:28:19 PM
I've seen people making millions of dollars selling NFTs on popular blockchain platforms. Things that were thought to be worthless are now worth a ton of cash. While all of this sounds great, it's not easy to create a unique NFT that would gain demand on the market. High gas fees on the ETH blockchain, makes it unprofitable to sell NFTs on it. Binance Smart Chain would be a better choice, but mainstream adoption on the platform is still low these days (when compared against Ethereum).

I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. Smiley
3  Alternate cryptocurrencies / Altcoin Discussion / Is Ethereum Quantum-Resistant? on: June 11, 2021, 03:17:17 PM
Day by day, Quantum Computing is becoming a threat to the very existence of crypto/Blockchain tech. It's said that quantum computers are able to break existing cryptographic hash algorithms. Imagine how quantum computers would destroy already-established cryptocurrencies if there is no protection against them. It will mark the end of an era for decentralized finance as we know it. Bitcoin may be able to resist quantum computing attacks, but I'm not sure about Ethereum. After all, the world's second-largest cryptocurrency by market cap is less secure than Bitcoin. The ETH network is much smaller than Bitcoin's, making it more vulnerable against external attacks.

I'm curious to know whenever Ethereum at its current state is quantum-resistant. Are developers taking in mind the threat of Quantum Computing? What would be of Ethereum if it faces a quantum attack? Your input will be greatly appreciated. Thanks Smiley
4  Bitcoin / Bitcoin Discussion / Why some millionaires hate Bitcoin? on: June 11, 2021, 02:00:13 PM
Some wealthy people have expressed their disdain towards Bitcoin. They believe Bitcoin is a scam or Ponzi scheme backed by nothing. Figures like Warren Buffet, and even Donald Trump himself believe Bitcoin is a sham. I'm surprised to see this, since Bitcoin brings many profit opportunities to its "hodlers". For some reason, millionaires (or billionaires) hate Bitcoin. They usually support Gold and Fiat, not wanting to try something new like crypto/Blockchain tech. Justin Sun tried to convince Warren Buffet to get into crypto a while ago, only to find that his efforts were in vain.

Thoughts? Huh
5  Alternate cryptocurrencies / Altcoin Discussion / Best strategy to stay anonymous with crypto? on: June 11, 2021, 01:45:42 PM
From privacy-oriented cryptocurrencies like Monero and Grin, to mixers, there's always a way to achieve anonymization on crypto land. Some privacy techniques are complicated to understand for the non-tech savvy person, though. Despite the tools available to obfuscate sensitive transactions, there's no method that's proven 100% effective. If you're careless enough about covering your tracks, you'll eventually get caught by governments or other third-parties.

That said, I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)? Your input will be greatly appreciated. Thanks in advance Smiley
6  Alternate cryptocurrencies / Altcoin Discussion / Is DASH too Centralized? on: June 04, 2021, 09:25:10 PM
The collateral required to run a masternode on the DASH blockchain is 1,000 DASH. Based on current prices, that is a hefty sum of money not everyone can afford these days. Only the wealthy will be able to invest in a masternode, greatly undermining the decentralization of the blockchain. For those unaware, masternodes are able to participate in the blockchain's governance, manage privacy-oriented transactions, among many other things. The average person will be left out of the governance process, while wealthy people will be able to dictate the future direction of the project. If developers wanted to make DASH more decentralized, they've would've changed the collateral in DASH from being a "fixed one" to a "dynamic one" according to the coin's market price in terms of Fiat.

What are your thoughts? Do you think DASH is too centralized these days? If not, why? Is DASH a good long-term investment? Or are there better options out there on the market? Your input will be greatly appreciated. Thanks in advance. Smiley
7  Alternate cryptocurrencies / Speculation (Altcoins) / TRX to $1? on: June 04, 2021, 08:16:25 PM
I've seen many smart contract platforms rise all the way from the ground because of the "De-Fi"/NFTs hype. Coins like Cardano, Binance Coin, and even Polkadot became extremely popular at a very fast pace. But that's another story with TRON since the coin struggles to get past $0.20. This is odd, considering that transactions on the TRX blockchain are blazing-fast (almost instantaneous) and dirt-cheap (sometimes even free). A smart contract platform like TRON should've been worth more than $1 by now. I'm surprised to see this happening with TRX right now, considering that Justin Sun constantly "shills" his project across Twitter.

What are your thoughts? Do you think TRX will go all the way to $1 someday? If not, why? How much do you think TRX will be worth by the end of the year? Your input will be greatly appreciated. Thank you very much. Smiley
8  Alternate cryptocurrencies / Altcoin Discussion / Don't we have too many smart contract platforms already? on: June 04, 2021, 07:40:32 PM
Day after day, I see new cryptocurrencies whose underlying blockchain networks have smart contract features. We already have Ethereum, Cardano, EOS, Binance Coin, Flow, Tron, Polkadot, and many other cryptocurrencies with smart contract functionalities. Sometimes I think we have too many smart contract platforms that would bring no real use cases in the mainstream world. Instead of creating a new smart contract platform, developers should focus on building within existing platforms to make crypto land a better place. Yet, developers' mindset is to make large profits in the least time possible by creating a new blockchain network from scratch.

What are your thoughts? Do you think the market is already saturated with too many smart contract platforms? Or is there still room for growth? What may be the cause for such an unprecedented increase in new blockchain networks with smart contract functionalities? Will this ramp up the competition in the crypto/Blockchain space? Or will it do more harm than good for established players like Ethereum and Binance Coin? Your input will be greatly appreciated. Thank you. Smiley
9  Bitcoin / Bitcoin Discussion / Bitcoin Maximalism on: June 04, 2021, 07:30:14 PM
Every cryptocurrency is based on Bitcoin's blockchain technology these days. No matter which shiny new features a coin has, its design is similar to Bitcoin in every way. There's a reason why other cryptocurrencies besides Bitcoin are called "altcoins" to this date. While it's true that the pioneer cryptocurrency has some limitations, its functionalities can be expanded thanks to its open source design. This means that Bitcoin can do everything the other coins do today, if developers are willing to integrate new features into the network. With sidechains, and the Lightning Network, there might be no need for altcoins at all. Bitcoin would become an "All-in-One" blockchain network capable of doing everything other cryptocurrencies do today.

What do you think? Will Bitcoin render other altcoins "obsolete" in the long term? Do you think it's a good thing to make Bitcoin an "All-in-One" blockchain network in the future? If not, why? Your input will be greatly appreciated. Thank you Smiley
10  Alternate cryptocurrencies / Speculation (Altcoins) / Bitcoin Cash (BCH) Price Prediction on: June 04, 2021, 06:00:53 PM
Bitcoin Cash is often touted as the scalable version of the original Bitcoin blockchain. With a block size of 32MB, BCH can handle 32x more transactions per second than Bitcoin itself. It's more suitable as digital cash than a store of value. Kim Dotcom has been a loyal supporter of Bitcoin Cash over the past days, and other public figures might follow soon as they recognize BCH's benefits over BTC for day-to-day payments.

As the time of this writing, Bitcoin Cash (BCH) hovers between the $650 - $670 range. It went past $1k some time ago, due to the bullish crypto market. With the same limited supply as Bitcoin (BTC), Bitcoin Cash (BCH) has all it takes to become an extremely valuable cryptocurrency in the future. I'd predict that BCH would reach well above $5k per coin within the next 2-3 years. That is if crypto/Blockchain tech continues to rise in popularity worldwide. Current price per coin might be a bargain as the best is yet to come.

What is your price prediction for Bitcoin Cash? Are you in it for the short-term or long-term? Do you think BCH will become the fourth-largest cryptocurrency by market cap in the future? Your input will be greatly appreciated. Thanks. Smiley
11  Alternate cryptocurrencies / Altcoin Discussion / Storing data on the Blockchain: A good idea? on: May 29, 2021, 01:03:01 AM
I've seen some blockchain networks storing data "on-chain" for long-term preservation. Bitcoin SV is a good example of this, where people can store text (Memo.SV), images, and even websites (Bottle Browser) on-chain. STEEM and HIVE do a similar thing where they store blog posts on a Blockchain backed by delegates.

Now, the real concern would be node storage costs. Imagine if we stored all of the Internet's data on a single Blockchain. It would make maintaining and securing the blockchain ridiculously expensive, leaving everyday people out of the system. Only companies with big data centers will be able to afford high storage costs. This wouldn't be an issue if "Moore's law" comes into fruition.

What are your thoughts? Do you think blockchain tech is meant to store large amounts of data or not? Have projects gone too far in the use of Blockchain technology for everything? Do you think decentralization can be preserved in the long term this way? Your input will be greatly appreciated. Thanks. Smiley
12  Alternate cryptocurrencies / Altcoin Discussion / Which blockchain network has the highest TPS? on: May 29, 2021, 12:44:15 AM
There are many cryptocurrencies which claim to be faster than others with a high number of TPS. Most projects use this tactic to attract investors into them. Yet, they've been unable to prove their claims up to this point with solid, concrete results. It's still the day where we're bound to see a blockchain network able to reach well above 1,000 TPS backed by years of research and development. The real challenge would be balancing between decentralization and scalability. With a high number of transactions being processed on the Blockchain, I doubt it'll remain decentralized in the long term.

Which blockchain network has been proven to have the highest TPS? Any info you can provide on this will be greatly appreciated. Thanks. Smiley
13  Alternate cryptocurrencies / Altcoin Discussion / Polygon (MATIC) vs Ethereum on: May 29, 2021, 12:30:06 AM
The new kid in town (Polygon) has been on the rise lately. Many "De-Fi" lending platforms that were on the Ethereum blockchain have switched to Polygon (MATIC). The reasons for such a move are quite obvious. Ethereum's high fees and slow processing times makes it unsuitable for "De-Fi". It's why some people are moving into alternative smart contract platforms like the one mentioned earlier. If the trend keeps up, Ethereum might lose market dominance as its rivals gain traction in the mainstream world. First it was Polkadot, then it was Binance Chain, and now it's Polygon (MATIC). Which of these platforms will beat Ethereum is yet to be seen.

What do you think? Is Polygon (MATIC) better than Ethereum? If not, why? Do you think Polygon has a chance of overcoming Ethereum in the future? Isn't the market saturated with many smart contract platforms already? Your input will be greatly appreciated. Thank you. Smiley
14  Alternate cryptocurrencies / Altcoin Discussion / What about Litecoin? on: May 28, 2021, 08:25:57 PM
The "Silver to Bitcoin's Gold" has been out of the spotlight for quite time. I'm surprised this is happening with LTC since worthless coins like Dogecoin and SHIBA are getting all of the attention in the mainstream world. Unlike the aforementioned coins, Litecoin with only 84 million coins that will ever exist. One thing for sure is that Litecoin is faster and cheaper than Bitcoin. If DOGE went all the way from being worth nothing all the way to nearly $1 per coin, then Litecoin can do much more than that.

Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress. Adding new features to a Blockchain should make the underlying cryptocurrency soar all the way to the moon. Yet, nothing is happening as LTC remains stagnant in price.

Am I missing something here? What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin? Your input will be greatly appreciated. Thank you very much. Smiley
15  Alternate cryptocurrencies / Service Discussion (Altcoins) / Best ShapeShift Alternatives for 2021? on: May 28, 2021, 08:16:24 PM
Back in the day, ShapeShift was one of the best (if not the best) instant exchanges without KYC/AML. Unfortunately, fierce regulations from mainstream governments forced ShapeShift to require ID verification to its users in order to continue running its business. This has led many to look for other alternatives that are similar to ShapeShift. Platforms like Uniswap and PancakeSwap are good but they don't work for cross-chain trades (as far as I'm aware). An exchange like ShapeShift without KYC/AML would be ideal to trade cross-chain cryptocurrencies in a completely anonymous manner.

This leads me wondering which are the best alternatives to ShapeShift right now? Any suggestions, or recommendations will be greatly appreciated. Thanks in advance. Smiley
16  Alternate cryptocurrencies / Altcoin Discussion / What is your favorite NFT? on: May 21, 2021, 08:38:19 PM
The NFT industry is growing at a fast pace, with some companies joining the game. From digital collectibles to in-game items and digital art, there's an NFT for everyone. Some NFTs turn out to become a good investment, while others don't. It's the hype of the moment, where people buy and sell NFTs with the hopes of becoming rich in the future.

That said, I'm eager to know which of the NFTs available on the market is your favorite? If you ask me, my favorite NFT is CryptoKitties. They're cute, adorable, virtual kittens that are quite fun to collect. Some breeds are extremely rare, bringing you huge opportunities for profit if you get one. I haven't been lucky yet, but that doesn't keep me from playing the game itself. What's yours? Your input will be greatly appreciated. Thanks Smiley
17  Alternate cryptocurrencies / Altcoin Discussion / Ethereum or Binance Chain (BNB)? on: May 21, 2021, 07:56:34 PM
There's a new kid in town named "Binance Smart Chain" focused on rivaling Ethereum into becoming the world's second-largest cryptocurrency by market cap. It went all the way from being worth cents (in USD) to just hundreds of dollars in an instant. Unlike Ethereum, Binance's smart contract platform offers a greater degree of flexibility with ultra-low fees and blazing-fast transaction processing times.

Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.

I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.

What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you Smiley
18  Economy / Economics / NASDAQ on the Blockchain? on: May 21, 2021, 07:41:49 PM
Now that Blockchain technology is extremely popular, it should only be a matter of time before the stock market adopts it to a full extent. Imagine stock exchanges like the NASDAQ and the S&P 500 making use of Blockchain technology. It would totally revolutionize the stock market. Performance, cost-efficiency, and security will improve in many ways. This will also enable interoperability between the world of stocks and crypto.

I sometimes wonder why the stock market is still using outdated technology when Blockchain is already there? There could be many reasons to this including (but not limited to) the immaturity of Blockchain tech, lack of regulation, etc. Still, we cannot discard the possibility of this happening in the future as Blockchain tech continues to take the world by storm.

What are your thoughts? Do you think the NASDAQ will use Blockchain technology in the future? If not, why? Is the stock market not ready to transition to the Blockchain world? Why do you think stock exchanges haven't adopted Blockchain tech to this point? Your input will be greatly appreciated. Thanks Smiley
19  Alternate cryptocurrencies / Altcoin Discussion / Is Binance too big to fail? on: May 21, 2021, 07:04:36 PM
Binance has grown into a force to reckon with since its establishment in 2017. In just 4 years since inception, Binance dominates the crypto market being the largest cryptocurrency exchange in the world. Its most successful venture has been the launch of a public smart contract platform dubbed "Binance Smart Chain". The native cryptocurrency "BNB" went from being worth cents to hundreds of dollars (USD) in just a few years since inception.

It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.

What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance. Smiley
20  Alternate cryptocurrencies / Altcoin Discussion / Is Elon Musk manipulating the market? on: May 21, 2021, 06:33:21 PM
Every time Elon Musk talks positively about Dogecoin on Twitter, price per coin goes all the way to the moon. The contrary happens if he talks negatively about it. Most recently, Elon Musk criticized Bitcoin's high energy consumption stating that it's harmful to the environment. This caused Bitcoin's price to plunge all the way to $42k in an instant. It's up to this point, where Bitcoin hasn't recovered back to the $57k - $58k range.

It looks like people make decisions based on someone else's opinion instead of doing their own research about it. Most people follow Elon Musk closely, so anything he says (good or bad) can directly affect the whole crypto market in general. I believe Elon Musk's true intentions is to manipulate the market for his own financial benefit. Who knows if he bought more Bitcoin after prices went down because of his tweet?

What are your thoughts? Do you think Elon Musk is manipulating the crypto market? If not, why? Will crypto carry on as usual without Mr. Musk in play? Or is it too late? Your input will be greatly appreciated. Thank you. Smiley
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