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281  Alternate cryptocurrencies / Service Discussion (Altcoins) / 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
282  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
283  Bitcoin / Mining / Will ASICs become obsolete in the future? on: May 07, 2021, 07:58:10 PM
Most people seem to be criticizing the environmental impact of PoW-based cryptocurrencies in the mainstream world. For long, ASICs have been responsible of securing the main Bitcoin blockchain at a cost of high energy consumption. While ASIC hardware improved over time (becoming more energy-efficient), they are still power-hungry compared to other mining hardware. This has prompted Ethereum to switch towards a much more self-sustainable consensus algorithm dubbed "Proof of Stake". Bitcoin is still a PoW coin, subject to the negative effects of ASICs on the environment. If it decides to remain a PoW cryptocurrency forever, some improvements need to be made (either from hardware manufacturers themselves or Bitcoin Core developers). Otherwise, ASIC hardware might become obsolete in the future as PoS cryptocurrencies dominate the market.

What are your thoughts? Do you think ASIC mining will become obsolete in the future? Will other types of hardware replace ASICs in the long term? Your input will be greatly appreciated. Thank you Smiley
284  Alternate cryptocurrencies / Speculation (Altcoins) / Will HBAR reach $1 someday? on: May 07, 2021, 07:46:01 PM
All the eyes are on Ethereum and Binance Coin as people join the crypto/Blockchain bandwagon. NFTs and "De-Fi" are a hit these days, making both ETH and BNB soar towards new heights. While the excitement is on the aforementioned cryptocurrencies, HBAR (aka Hedera Hashgraph) is left out of the spotlight. Being nearly-identical to Ethereum with a superior consensus algorithm for scalability, HBAR should've been worth more than $1 by now. At least, that's my point of view. There's hope HBAR becomes a highly-demanded cryptocurrency in the future as ETH's fees continue to grow like there's no tomorrow. Of course, the project needs to focus on attracting developers for it to succeed in the long run. Otherwise, it might stale in price as people invest in other big players on the market.

What do you think? Will HBAR reach $1 sometime in the future? If not, why? What is your price prediction for this cryptocurrency in the next 5 - 10 years? Your input will be greatly appreciated. Smiley
285  Alternate cryptocurrencies / Mining (Altcoins) / Farming Chia: Is it worth it? on: May 07, 2021, 07:35:28 PM
There's hype surrounding the Chia cryptocurrency these days, with several news outlets announcing that there will be a shortage of SSDs and other digital storage media. If Chia turns out to become extremely popular, its price could explode on the market. Farming (mining) Chia using your spare hard drive space might be a good idea if the project turns out to be a success. I'm exploring the possibility of doing this, but I'm having my doubts since a similar project named "BURST" didn't turn out to be quite profitable. It wouldn't make sense to buy a digital storage medium with high capacity just to mine coins at a loss.

Based on your experience "farming" Chia, do you think it's worth it? If not, why? Some guidance will be greatly appreciated. Thanks Smiley
286  Bitcoin / Bitcoin Discussion / Mixing your Bitcoin might become illegal in the future on: May 07, 2021, 07:25:35 PM
The recent popularity of Bitcoin has brought the attention of governments and central banks worldwide. We've seen certain opposition from countries like India, China, and Russia against the pioneer cryptocurrency. Countries that are friendly towards Bitcoin (like the US and UK), are constantly surveilling its citizens for any suspicious activity. I've seen that some countries have taken action against Bitcoin mixing services with the excuse that they're used for money laundering and terrorist financing. Since most (if not all) of these centralized mixers don't comply with KYC/AML regulations, they're subject to being shut down by the government. Imagine if criminals begin using Bitcoin mixers in mass for money laundering purposes. If the trend continues, mixing Bitcoin may turn out to become illegal.

Do you think there's a possibility this will happen in the future? If not, why? What do you think will happen once mixers (both custodial and non-custodial) are banned by the government? Will this force people to use privacy coins more thoroughly? Or will everything remain the same? Any input will be greatly appreciated. Thanks in advance Smiley
287  Alternate cryptocurrencies / Speculation (Altcoins) / Ethereum on the rise: Sell or HODL? on: May 07, 2021, 04:45:08 PM
It looks like Ethereum is on a non-stop road towards success as people keep pouring money into it like crazy. With several upcoming upgrades on the Ethereum blockchain, things will only get better for the native "Ether" cryptocurrency. Day by day, I'm tempted to sell all of my ETH holdings for profit. But some are saying that ETH will be worth $5k or even $10k in the future. This makes me wonder whenever now it's a good time to sell or continue "hodling" until ETH reaches the aforementioned price range.

If you were in my position, what would you do? Would you sell all of your ETH during the current bullish market? Or will you "hodl" and wait until it goes to $5k - $10k? Do you think ETH's current prices are sustainable? If not, why? Any suggestions, or recommendations will be greatly appreciated. Thanks. Smiley
288  Alternate cryptocurrencies / Altcoin Discussion / Thunder Token: A Hidden Gem? on: April 30, 2021, 07:55:11 PM
ThunderToken is the new smart contract platform you've probably never heard of. It's like "Ethereum on Steroids" with instant transactions and ridiculously low fees. Compared with Binance Smart Chain, the Thunder Network (powered by Thunder Token) is superior in terms of speed, efficiency, and low costs. Yet, it's one of the most undervalued coins on the market with a price of $0.02 per coin. That's quite disappointing considering the huge potential of this smart contract platform. After all, the Thunder Network is widely compatible with Ethereum-based smart contracts. Everything about it is the same, but with added performance/transaction capacity thanks to its innovative consensus algorithm. If Thunder Token gets noticed by developers, and individuals alike, the cryptocurrency could easily get past $1 per coin.

What do you think about Thunder Token? Does it have potential to become something big in the future? Or will it fail in the long run? Is the cryptocurrency undervalued to you? Your input will be greatly appreciated. Thanks Smiley
289  Alternate cryptocurrencies / Speculation (Altcoins) / BNB to $1k? on: April 30, 2021, 07:45:10 PM
Binance Coin has been on the rise ever since ETH's network congestion has grown to a point where the "little guy" is left out of the system. PancakeSwap has been the major platform to lead BNB's price all the way to the moon. At the time of this writing, Binance Coin is the third-largest cryptocurrency by market cap with a price well above $500 per coin. If Binance's project rose from the ground at such a fast pace, what's stopping it from reaching $1k in the future?

What are your thoughts? Do you think BNB will reach $1k soon? If not, why? Is BNB's price sustainable? What's your prediction of BNB's price 5-10 years from now? Your input will be greatly appreciated. Thank you very much. Smiley
290  Alternate cryptocurrencies / Altcoin Discussion / Will governments destroy stablecoins in the long term? on: April 30, 2021, 06:25:46 PM
As stablecoins become more popular in the mainstream world, many are starting to wonder whenever governments will allow the industry to flourish or destroy it altogether. We've seen how interested central banks and mainstream governments are in launching digital currencies of their own. Something like a stablecoin would prove to be a huge threat to the existence of Fiat. I wouldn't put decentralized cryptocurrencies on this, because they're largely unstable. Only stablecoins pegged to the USD like Tether or USD Coin could pose a real threat to the financial sovereignty of Fiat currencies like the traditional US Dollar. Either governments use pre-existing stablecoins as their own, or create new ones from scratch (most likely situation) effectively putting an end to stablecoins' preeminence in the mainstream world.

What are your thoughts? Huh
291  Economy / Economics / Crypto vs Stocks on: April 30, 2021, 06:15:34 PM
People have often compared crypto to stocks since owning a coin, represents your "share" of the decentralized blockchain network. Exchanges act as brokers in a similar fashion to traditional stocks. While stocks are fiercely regulated, crypto is the "wild west". Cryptocurrencies are extremely volatile, while stocks are much more stable. Despite crypto/Blockchain tech's popularity, stocks are still preferred by mainstream investors and traders alike.

Which asset types do you think are better: crypto or stocks? Is crypto getting closer to becoming regulated just like stocks? What do you think will happen if institutional investors come into play? Will stocks transition themselves to the Blockchain? Or is it still too early to tell? Your input will be greatly appreciated. Thank you. Smiley
292  Economy / Economics / Will China take over the world with the Digital Yuan? on: April 30, 2021, 06:05:07 PM
It looks like China wants to stay ahead of the game by launching its own digital currency before the rest of the world does. If it becomes the pioneer of "Central Bank Digital Currencies", it might become the largest economy in the mainstream world. This means the US Dollar will no longer be the world's reserve currency, as China gains strength with the Digital Yuan. Low fees and blazing-fast settlement speeds will make China's digital currency much more attractive than existing currencies. If the US fails to launch the "Digital Dollar" before China, it could lose its supremacy over the mainstream economy.

What are your thoughts? Will China take over the world with the Digital Yuan? Or will everything else remain the same? Do you think China's Digital Currency will force other countries to launch digital currencies of their own? How long do you think the transition will happen from paper money to digital Fiat? Your input will be greatly appreciated. Thanks in advance. Smiley
293  Bitcoin / Bitcoin Discussion / Bitcoin or Gold? on: April 23, 2021, 08:32:34 PM
Bitcoin has often been proclaimed to be "digital Gold" since it shares many similarities to the precious metal we know and love today. Yet, not everyone find Bitcoin to be quite an attractive store of value. Despite Bitcoin and Blockchain tech's success, Gold is still used as a sort of "hedge" against inflation. Up to this point, Gold's market cap is much bigger than Bitcoin's. Things might change in the future if popularity continues at an upward trend.

This makes me wonder, which of the aforementioned assets are better as a long term store of value? Is it Bitcoin, Gold, or both? Why do you think such asset is better? Do you think at some point in the future Bitcoin will replace Gold? Or will Gold eventually adapt itself to the digital era (tokenization of Gold)? Your input will be greatly appreciated. Thank you very much Smiley
294  Bitcoin / Bitcoin Discussion / Bitcoin fees are so high right now. What's next? on: April 23, 2021, 07:30:27 PM
The popularity surrounding Bitcoin these days has led towards an astronomical rise in transaction fees. Whereas a 70 sats/byte fee settled in a couple of hours, now it takes days to confirm on the blockchain. I've made a transaction on April 17th, 2021 only to find that it's still unconfirmed to this point. Based on Mempool Observer, fees have risen well above 150 sats/byte. Prices have declined a bit on the market, so that's a temporary relief for hardcore Bitcoin users like myself. But what if prices in terms of USD continue to rise alongside network fees? Only whales will be able to use Bitcoin, while the rest will be forced to use the Lightning Network or another cryptocurrency for day-to-day transactions. The former option is still not stable enough for mainstream use (despite having a stable release), so most of us are stuck with option number two (altcoins).

I'm starting to wonder, what's next in stake for Bitcoin? Will fees continue to soar all the way to the moon? Or will they settle at some point? Which short term solutions are developers working on to tackle high fees (besides the Lightning Network)? Also, how long will a transaction with a mid-to-low fee will take to confirm on the Blockchain? Your input will be greatly appreciated. Thanks Smiley
295  Alternate cryptocurrencies / Speculation (Altcoins) / Uniswap Token Price Prediction on: April 23, 2021, 07:20:48 PM
Uniswap, the most popular decentralized AMM (Automated Market Maker) took the world of decentralized exchanges by storm since its inception. It's struggling to rise to the top because of the network congestion surrounding Ethereum. But developers have already expressed their interest in launching an improved version of Uniswap dubbed "Uniswap V3". This upgrade will use "Off-Chain" scalability techniques in order to "tackle" the issues surrounding the underlying Ethereum blockchain. Faster trades and near-zero fees will make Uniswap V3 a force to reckon with.

As of now, the price of a UNI token hovers around $27 - $34. If a new version is released, the token might skyrocket in price at a very fast pace. My prediction is that UNI will be worth $50 - $60 in a year from now. Traders are still using the current version of Uniswap even with high fees and slow transaction processing times in play. Imagine once it scales towards "infinity and beyond". Mainstream adoption will soar like crazy! What is your price prediction for Uniswap Token? Your input will be greatly appreciated. Smiley
296  Bitcoin / Bitcoin Discussion / Bitcoin on TV? on: April 23, 2021, 06:26:02 PM
Bitcoin is well-known in cyberspace as it's often proclaimed to be the "currency of the Internet". There are a lot of education material about Bitcoin either in the form of a book, a web article, or a video tutorial. This is great since it helps spread awareness for Bitcoin across the Internet. But something else is missing for Bitcoin to reach a wider audience. It's yet the day where Bitcoin isn't promoted/marketed on TV. Seniors aren't connected to the Internet as much as young people are, but they are mostly watching TV. All it takes is for someone to air a commercial about Bitcoin on TV, and the pioneer cryptocurrency will be on a road towards non-stop growth in the mainstream world. Add to this a movie related about Bitcoin and you'll see demand rise like skyrocket in no time.

Do you think Bitcoin will be promoted across TV sometime in the future? If not, why? What do you think will happen after Bitcoin is marketed across major TV networks? Will it boost mainstream adoption? Or will it have no effect whatsoever? Your input will be greatly appreciated. Thank you. Smiley
297  Bitcoin / Bitcoin Discussion / Which other company will support Bitcoin next? on: April 23, 2021, 06:16:51 PM
Several companies have joined the Bitcoin/Blockchain bandwagon, leading towards new ATHs (All-Time-High) for major crypto assets on the market. Both PayPal and Tesla's announcement of adopting Bitcoin, has brought a certain level of confidence among investors and traders alike. People are pouring money like crazy in crypto, as they don't want to miss out the opportunity of a lifetime to make huge streams of profit.

Now that we have several prominent companies supporting Bitcoin, I'm starting to wonder which company will be next? Will it be Walmart, Amazon, or Apple? What do you think will happen if one (or all) of these major companies invest in Bitcoin? Will it benefit the market immediately? Or will it take some time? Do you think such companies will control a huge portion of Bitcoin's supply, effectively making it centralized? Your input will be greatly appreciated. Thanks in advance. Smiley
298  Alternate cryptocurrencies / Altcoin Discussion / What do you think about HEX? on: April 16, 2021, 07:09:51 PM
HEX is a new kind of token which serves as a decentralized "certificate of deposit". Investors can either be rewarded or penalized based on what they do with their HEX on the blockchain. Everything is governed by smart contracts on the Ethereum platform. So far, results have been great as I've nearly tripled my money by "hodling" HEX since its inception. The longer you "hodl", the bigger the rewards will be. This is something similar to staking, but at a whole new level. The project is still under the radar of investors and traders alike, because everyone is focused on Bitcoin and Ethereum right now. It could go all the way to the moon once they realize the true benefits of HEX relative to other cryptocurrencies on the market.

What do you think about this new ETH-based token? Will it survive in the long run? Or will it fail? What has been your experience using HEX so far? Your input will be greatly appreciated. Thank you. Smiley
299  Alternate cryptocurrencies / Altcoin Discussion / Dogecoin prices are INSANE on: April 16, 2021, 06:25:28 PM
Dogecoin, the cryptocurrency that was meant to be a joke has finally crossed the $0.10 mark. It came to an ATH of $0.25 per coin a while ago. It seems that the hype is still surrounding the cryptocurrency, as Elon Musk continues to "shill" it across social media platforms. Who'd knew that a hyper-inflated cryptocurrency would be worth so much money? People are blindly investing into something that's meant to be worthless in the long run. Instead of doing their own research about the coin, they simply invest based on hype. Who knows how far the "meme" cryptocurrency will pump in this wild and crazy world of crypto?

Do you think Dogecoin's current prices are insane? If not, why? Will Dogecoin last after the hype fades away? Is it a good time to buy more DOGE? Or should you wait until the dust settles? Your input will be greatly appreciated. Thanks in advance. Smiley
300  Bitcoin / Bitcoin Discussion / Bitcoin in Space on: April 16, 2021, 06:14:17 PM
Now that Bitcoin is well-established on Earth, we should focus on strengthening the network by expanding nodes and miners across space. Placing miners and nodes on the Moon would be a great start to ensure Bitcoin lives forever. Imagine what would happen to the pioneer cryptocurrency if a major disaster strikes on Earth (like a meteor strike). If all nodes go down, Bitcoin goes away with them. Expanding Bitcoin's network infrastructure would be a wise idea to preserve its longevity. We now have a "Bitcoin Satellite" by Blockstream, but it's yet the time where we don't have a Bitcoin node on space.

Do you think some company or startup will invest money in launching Bitcoin nodes (and miners) into space? If not, why? What will the future of Bitcoin look like once settled in space? Your input will be greatly appreciated. Thanks. Smiley
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