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September 23, 2020, 04:42:47 PM *
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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum fees are crazy... on: September 19, 2020, 04:55:45 PM
Those who are continuing to use this chain got no other options with new projects that they are riding with the trends.
Uniswap mostly affects this huge cost as the network really busy working with every transactions that this exchange
is facilitating from time to time.
today GAS looks better due to the downturn even though it is still quite expensive as it is still above $ 1. but this situation continues to change even yesterday we saw the costs have to be increased very largely.
even though the network is very congested, and there may indeed be errors or interference with the ethereum network which makes gas costs very expensive. but if you look at transactions at Uniswap that require a higher fee than other exchanges, they still have large transactions.
With the high cost of transactions on the ethereum network, the situation is now, of course, very difficult. The web is very congested, but this is also a testament to its popularity. I try to avoid transactions with ethereum or its tokens for now. Most likely, the situation can only be improved by the implementation of Ethereum 2.0 improvements, which we have been waiting for a long time.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: The bounty scam will gradually go away on: September 19, 2020, 04:36:45 PM
I recently read about BRO bounty companies and in general I liked the essence. The same ICO campaigns are conducted on a specific platform, where there is a special Supervisory Board that will select projects so that they are functionally useful and, among other things, have no signs of fraud. Of course, we are unlikely to ever get rid of fraud, but it is necessary to put things in order in this activity.
I think there will be many more new projects and the bounty hunters on this forum will still have a lot of work to do.
3  Bitcoin / Legal / Re: Bitcoin centralization and governmet control on: September 18, 2020, 04:08:49 PM
As long as there is a decentralized cryptocurrency, governments will try to control it as much as possible. This process of confrontation will last for a very long time, since, indeed, the cryptocurrency has many opportunities to resist such control.
Over time, a certain golden mean should be worked out in this matter, which should generally suit both cryptocurrency owners and the government.
4  Bitcoin / Bitcoin Discussion / Re: Taxes on Bitcoins: Unreasonable or essential? on: September 18, 2020, 03:49:59 PM
I think taking taxes for Bitcoin usage is not reasonable at all. Because it isn't like fiat money whose control is on the government. But I understand that regardless of Bitcoin being decentralized, governments would like to lay a tax on Bitcoin. However, 20-30% isn't fair. It should be as much as at a reasonable level.
The government of any state can and has the right to establish a tax on any activity of a citizen of this state that brings profit. At the same time, it is not at all necessary for the state to somehow help people to earn this profit. Therefore, it will be quite normal if the state sets a reasonable percentage of tax on profits from cryptocurrency. It is advisable for us to pay this tax, since the government can take its own measures up to prohibiting the circulation of cryptocurrency on its territory. This will not completely lead to the disappearance of the cryptocurrency in this state, however, this ban will cause serious trouble for the owners of the cryptocurrency.
5  Bitcoin / Bitcoin Discussion / Re: COVID-19 Vaccine Will Cause Bitcoin Crash on: September 17, 2020, 05:14:53 AM
I don't see any correlation between the advent of the coronavirus vaccine and the subsequent fall in the price of bitcoin. A victory over the coronavirus pandemic should revive the global economy and give impetus to the further growth of the cryptocurrency market. In any case, the price of bitcoin should not fall with the advent of the vaccine. It is unlikely that people will show much interest in purchasing this vaccine. In my country, a survey was conducted and about 70 percent of people said they did not see a big threat to their lives from the spread of the coronavirus.
6  Bitcoin / Bitcoin Discussion / Re: Why government Don't kill btc? on: September 17, 2020, 04:49:17 AM
Governments can deal a serious blow to bitcoin by making a general decision to ban it in their territories and imposing severe sanctions for violating this ban. However, governments do not see this as necessary. Recently, the issue of cryptocurrency was considered at the G7 Summit and it was decided that cryptocurrency does not pose a threat to the stability of the global financial economy.
Many states have already legalized cryptocurrency by adopting regulations on the conditions for its circulation in society. However, in general, states will never actively support a decentralized cryptocurrency.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: DEFI begin new trending or end soon? on: September 16, 2020, 07:34:28 PM
The same like ICO and IEO season where could exist just two or three month and DEFI will have the same cases with ICO or IEO, right now you can get much profit after investing with DEFI coin but is not give guarantee for later or future keep get much profit after investing or holding DEFI coin, I think better take moment only after raise profit sell tour DEFI coin and waiting next moment to get what new coin will give profit.
It is impossible to say for sure what awaits us with DeFi projects. Some of them will definitely turn out to be militant. Investors will lose their money. It will largely depend on the prospects of the remaining projects. The fantastic current prices of DeFi tokens should fall, but DeFi should remain. This is an important area of activity for cryptocurrency and it should develop.
8  Economy / Economics / Re: Food prices doubled this year on: September 16, 2020, 07:17:02 PM
These are the consequences not so much of the spread of the coronavirus pandemic as too strict restrictive measures to combat the coronavirus. Under the influence of these measures, the gross domestic product in each country fell by tens of percent. At the same time, prices are rising, including for food. In my country, this is not yet very noticeable. Unemployment is growing, people are running out of money. Because of this, purchasing power falls, and therefore prices do not rise too much.
9  Bitcoin / Bitcoin Discussion / Re: Indian banks freezing bank accounts AGAIN ! on: September 15, 2020, 05:02:11 PM
I don't understand why the banks are doing it even if they can act on their own because it is like they are fully against in crypto trading or anything related to cryptocurrencies.

If there will be other banks that are not doing such a thing then it will be good if you will just avoid those banks that keeps on pressuring the crypto users by freezing their
bank accounts. I will just hope that there will be no money that were lost because of their action as every single money that a crypto users earned are very important.
India needs cryptocurrency regulation laws. Then banks will receive clear instructions on how to act in certain cases. While there are no such laws, banks will act at their own discretion and in accordance with the recommendations of higher banks. And banks do not like to experiment. Therefore, certain difficulties arise.
It should also be said that cryptocurrency has never been recognized as legal or illegal in India. Uncertainty on this issue still remains.
10  Bitcoin / Bitcoin Discussion / Re: Big decision by the OCC - Banks can now hodl Bitcoins. on: September 15, 2020, 04:34:33 PM
Own bitcoins and entrust their storage to banks? I do not get the point of it. The main attraction of cryptocurrency is precisely to get out of the financial control of banks and governments in general. I definitely will not use such services.
Besides, I have a poor understanding of the mechanism of this service. In order to be responsible for storing cryptocurrency, the bank must transfer it to its cryptocurrency wallets and we, it turns out, will not know their private keys? Are we going to instruct banks to conduct a specific transaction? I personally don't like it.
11  Bitcoin / Bitcoin Discussion / Re: Binance sued for money laundering over stolen bitcoin. on: September 15, 2020, 04:07:58 PM
This will be a good lesson for Binance to strenghten its security. It looks like it was easy for thieves to take advantage of 2 BTC limit for no KYC. I don't understand why a very good crypto exchange like Binance overlooked this. This incident could tarnish Binance's image.
The FATF has recommended the use of KYC for transactions over one thousand euros. Two bitcoins are over $ 20,000. Basically, Binance is violating the general rules for preventing dirty money laundering and combating terrorist financing. If thieves were able to sell more than 1,400 previously stolen bitcoins on this exchange, then there will be big problems in it both in court and with regulators.
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is it now when ethereum is down? on: September 14, 2020, 09:19:15 PM
I don't think Bitcoin have really that huge impact on ETH.  Bitcoin had been going down for some days but ETH surge despite of that.  I think this is more on DeFi hype settling down and that outrageous gas fee.  It is also possible that buyer of ETH months ago is shorting, taking profit and moving it to other blockchain projects. 
Bitcoin does have a big impact on the price of ethereum. It is just that due to various factors of influence, the price movements of these two coins do not always occur synchronously. As long as Bitcoin has its current high level of capitalization, until then, it will directly or indirectly affect the price of almost all cryptocurrencies. Actually, I would like to see the cryptocurrency market without the price dominance of Bitcoin. If there are several leaders at once, then their price movements may even be the opposite, which means that, with some exceptions, there will often not be a pronounced bear or bull market. Does this mean that each altcoin will rise or fall in value only depending on its personal functional qualities?
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum 2.0 - Everything You Need to Know About Eth-2.0 [New] on: September 14, 2020, 07:39:24 PM
I can bet my portfolio, if ethereum upgrade fail to scale up, believe me, ethereum blockchain will loose many projects big time. Looking on how they are shilling Polkadot on different crypto communities.
I hope the upgrade becomes successful, this hyper fee transaction is killing dreams of micro investors and bounty hunters.
Buterin claims that already at the first stage of the implementation of Ethereum 2.0 improvements, the scaling of this coin will grow to thousands of transactions per second. This is already quite significant compared to the current 15-30 transactions. In a few years, he promises that ethereum will increase its throughput to one hundred thousand transactions per second. Even if half of this speed is reached, ethereum will still completely solve its scalability problem.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: CMC: Top DeFi Tokens by Market Capitalization on: September 14, 2020, 06:14:34 PM
Coinmarketcap now has a display for DeFi Tokens by Market Capitalization.


It's just how they define tokens to be DeFi though, And do you think it's a complete list or something is missing? I think this is great though, specially for those who are not familiar with this new hype is crypto market, so good job CZ (although sometimes I think he is becoming too powerful!).
Yeah Defi Got the Hype and most of the projects and coins that connected with this are making their way to the top.
and not just growing but unbelievable growth.
Some are hyping a thousand percentage things that i admit i am a little bitter because i did not even invest to go with the flow.
anyway this is near to end and coins will subside in prices in the nearest time.
Now, the YFI token with a capitalization of $ 1.22 billion and an incredible price of $ 40,719 has risen to the twentieth position in the CoinMarketCap table. I am very interested in what will happen to the price of this token next. In my opinion, such a high price is very inconvenient for walking. In addition, I do not believe that such a high price of this token can last for a long time. I wonder if YFI has a finer division like Satoshi in Bitcoin? At that price, it would be very logical.
15  Economy / Economics / Re: ECB Lagarde: COVID-19 pandemic has accelerated this trend towards digitalisation on: September 14, 2020, 04:40:29 PM
I know that it sounds very positive, but it also accelerated the growth on governments creating their own crypto, the so called CBDC (Central Bank Digital Currency) as well. Of course, digital payments doesn't mean crypto adoption in general as well.

Most central banks will create or co-create with other central banks their own stable coins. There is no doubt about it. Problem is that people will not use them that much. Not in a long term.
The coronavirus pandemic has indeed significantly accelerated the transition to non-cash payment methods, including digital payment methods. Paper money was recognized as a possible carrier of the coronavirus and this forced states to look for an urgent alternative to paper money. While this will generate some general interest in the use of a decentralized cryptocurrency, states will definitely move towards using their own central bank stablecoins. Most likely, the majority of citizens will also prefer stablecoins of states as a means of payment.
 Cryptocurrency is still more used as a speculative instrument, rather than a means of payment due to the still low liquidity. However, in the future, everything will definitely change.
16  Economy / Economics / Re: We need a economic revolution right now . on: September 13, 2020, 06:27:50 AM
No need to panic. The coronavirus is not so dangerous for humanity as to take special measures for a long period. So far, we see that it is precisely the tough measures taken to combat the coronavirus that have caused more harm to people than good. Now people in many countries are protesting against tough quarantine measures and therefore governments are afraid to return to them despite the new wave of coronavirus.
17  Bitcoin / Bitcoin Discussion / Re: Lessons from the Past: When bitcoin's price stabilised on: September 13, 2020, 05:55:07 AM
Well considering the past I am happy that Bitcoin is stable now. Last time it took a steep down dive after halving in 2016.
This year we all expected the same to happen but it did not.

I am sure most of us are now mature enough and will not do the same mistakes that some of us did back in 2011. Some of them are still biting their tongue after 2017 gigantic all time high.
If bitcoin continues to rise in price and fall, it will certainly be beneficial to those who are ready to use it to increase their profits. Overall, however, such high price volatility will deter those looking to use bitcoin as a means of payment. In any case, with significant price volatility, the state and their bodies will not use such a cryptocurrency in their activities. Therefore, periods of relative price stabilization are also important to increase the liquidity of bitcoin.
18  Bitcoin / Bitcoin Discussion / Re: Average Congressman has nearly 60 years. Can those grandpas regulate bitcoin? on: September 13, 2020, 05:39:00 AM
No. I don't think they even recognize their relatives anymore. But in 10-15 years this will change. We can only wait.
At all times, age has been revered, which has always been associated with wisdom. People are in the parliaments of different states not because they understand the intricacies of current technological progress. There are people there who have basic knowledge and a wealth of experience, which are sufficient to avoid doing stupid things and not making quick and stupid decisions. So far, these grandfathers allow integrating cryptocurrency into the global economy, and for this they need to express our deep gratitude. Young people will also gain experience over time, but for now they need to listen to the opinion of the older generation. It has always been this way, thanks to this social structure, humanity is still surviving.
19  Bitcoin / Bitcoin Discussion / Re: What will happen to bitcoin on a world war? on: September 13, 2020, 05:00:26 AM
fiat currency will losses its capacity to buy during world war. Money could not buy for food nor it could be use for comfort because during war survival is the kry by keeping  food. bitcoin also will be no value during war because we know that bitcoin us being back by fiat currency. However, after the war fiat could be restore to its function but I guess not the digital currency like bitcoin. War is destructive and losses will be high like lossing hardware wallet and seed phrase. It is expected that there will be many users to lose bitcoin that could not be recovered.
The idea that a lot of bitcoins will be lost during the global war deserves special attention. Indeed, the war will take many lives, and with them access to a significant part of the cryptocurrency, including bitcoins, will be cut off. Even if the Internet remains, there will be very little bitcoins in circulation.
At the same time, if the consequences of the war are very significant, most likely, the cryptocurrency will lose its significance and its value. Cryptocurrency trading is possible only in a technically advanced society.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Can new crypto beat Eth in the market? on: September 12, 2020, 02:01:29 PM
There are many crypto token listed in coinmarketcap and been traded in top exchanges like binance, Yobit and lDex exchange which people consider as proficient enough in the cryptocurrency market and knowing well that Eth is ranking number 2 position in the coinmarketcap, let's discuss Do you think that any new crypto currency overtake Eth in times of price value can that be possible?
In terms of capitalization, no one can surpass ethereum yet. Its capitalization is now over $ 41 billion. Below ethereum in the CoinMarketCap table is USDT with a capitalization of about $ 10 billion. The gap between the two is too big for ethereum to worry about.
At the ethereum price, some altcoins have already bypassed. This primarily applies to new DeFi projects. However, things may still change. Let's see what ethereum will become after the update.
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