1041
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Economy / Economics / Re: Why we say the creation of Bitcoin is an Internet of value?
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on: August 06, 2021, 10:21:01 AM
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I think the internet has previously been a great tool for businesses to reach their data and manage it. The problem of placing data on the internet is that it is not safe, secure and difficult to control systematically. Blockchain has helped people really take the internet to the next level. Currently, many large and small companies are bolder in applying blockchain to their corporate governance. The result is security, lower management costs, and more accurate information through Oracles. The security and immutability of the blockchain attracted users to crypto. People can keep their money on the internet safely and the transaction speed is faster than the traditional banking system. I call the birth of blockchain and crypto the financial evolution, people call it FINTECH. That is the new and inevitable direction of human development.
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1043
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Alternate cryptocurrencies / Altcoin Discussion / Re: 7 Low-Cost Altcoins That Still Have Solid Potential In 2021
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on: August 01, 2021, 01:28:12 PM
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hmm. Vietnamese articles have little value, if you list 7 altcoins in 7 different fields, it will be better. The trend of DEFI, NFT and gaming Play to earn is the main trend of this year despite Bitcoin fluctuations. I would like different names than the ones you are mentioning because those are TOP cryptos and they are still in an uptrend. There will be less spike in future growth compared to low-cap altcoins.
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1044
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Economy / Economics / Re: Bitcoin doesn't care about Tesla and Amazon
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on: August 01, 2021, 01:06:45 PM
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Bitcoin is a decentralized coin that rises from near zero value so it has a value that grows over time based on the algorithm and the 'stock to flow' model. Tesla and Amazon are the only drivers of Bitcoin's rise in value and not its determinants. Bitcoin development does not depend on these two companies.
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1045
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Long Term Investment Suggestion
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on: August 01, 2021, 01:03:24 PM
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Long-term investment with Vulcan Forged as this NFT game project already has its own game studio and other games listed on the Vulcan Market NFT platform. There are different games in Vulcan Forged, I love Vulcan Verse where people buy land and build themselves an inner world. It's like how Minecraft works. Although the game has just been released, it has attracted many people to participate in the game. Next year will probably attract more players and the capitalization will increase the way AXIE INFINITY did.
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1046
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Bitcoin / Bitcoin Discussion / Re: Paper money vs Digital currency
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on: August 01, 2021, 12:57:41 PM
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Digital currency offers a better experience and a more secure feeling in today's information technology age. Everyone has a mobile device so adopting digital currency is the right direction. Another thing is that online shopping and the COVID-19 pandemic reduce the use of cash so the use of digital currency is increasing at a faster rate.
I still appreciate paper money because in some cases you cannot use digital currency as tip, buy small valuables.
I have to admit that it is very safe to use digital money now, but unfortunately in my country especially my city peoples more like paper money than digital money, maybe only for paying tolls and shopping at big malls, I use paper money every day because it is more practical and faster than digital money that must need bank registration. Paper money is easy to use and doesn't depend on any conditions, I still use paper money often but in the future people will definitely like cryptocurrency, digital money. That is the future trend based on what I said in the above comment. Currencies will exist in parallel without any competition.
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1047
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Alternate cryptocurrencies / Altcoin Discussion / Re: Lessons from crypto in 2018
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on: July 31, 2021, 04:40:02 PM
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My lesson is that after a market drop about 90% will be trash projects because their value doesn't match what they have achieved on the value chart. All the benchmarks we see are illusory. Many projects died completely in the downtrend and did not rise again when the bull market turned.
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1048
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Gold : Make Bitcoin Decentralized Again
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on: July 31, 2021, 04:36:49 PM
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Is this project still active and is it really more decentralized than Bitcoin? Although many projects launched after bitcoin, most of them failed. What Bitcoin has gone through is rare for any project to survive. Currently, there are more than 1 million Bitcoin holders and the hash rate has been increasing continuously for many years so Bitcoin has always been the most decentralized project to date.
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1049
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Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about Citizen Finance?
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on: July 31, 2021, 04:34:27 PM
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I call it 'PUBG', 'Free Fire' or 'Call of duty' crypto MMO version. Citizen Finance provides users with more than one DEFI project with its NFT market feature and 'play to earn' NFT game. With limited supply and a good development team, this project will provide an explosion of value as people use the game. If YouTubers participate in Citizen Finance's Metaland and live to stream, this project can be x100 or x1000 times the value from this point on.
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1050
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Bitcoin / Bitcoin Discussion / Re: Paper money vs Digital currency
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on: July 31, 2021, 04:14:22 PM
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Digital currency offers a better experience and a more secure feeling in today's information technology age. Everyone has a mobile device so adopting digital currency is the right direction. Another thing is that online shopping and the COVID-19 pandemic reduce the use of cash so the use of digital currency is increasing at a faster rate.
I still appreciate paper money because in some cases you cannot use digital currency as tip, buy small valuables.
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1051
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Economy / Economics / Re: Can blockchain replace the traditional banking system?
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on: July 31, 2021, 04:09:12 PM
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The function of a bank is to coordinate cash flow, so the bank is always controlled by the state. Blockchain is a good technology and it can help the banking industry to help with better regulation. Replacing the bank is such a lofty idea and it's not allowed because governments won't let that happen.
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1052
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Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better: Ethereum or the Binance Smart Chain?
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on: July 31, 2021, 03:59:22 PM
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Currently, BSC is better because it is chosen by people to use more cheaply and quickly. BSC and ETH have the same way of building DAPP. In terms of decentralization, ETH is better. Personally, I would choose BSC because of its low cost and high speed.
The major difference is that ETH is decentralized, whereas, BSC is centralized. So if it is fine with you dealing with centralized system, you can go to BSC because the fees are cheaper. But if you want to stick with decentralized system, you will only use ETH. For me, I'll use both, because it depends on the token that you are holding and it is ok with me using BSC because you can have your transactions as relatively cheaper and fast. So it depends on the priority of the user. Decentralization or centralization doesn't make much sense anymore because BSC has quickly brought many utilities and thousands of projects developed on BSC. I believe that CZ and its team will not let their project die. The current problem of space is duplication and creative laziness. Projects on BSC tend to unconsciously copy which has led to many DEFI attacks in recent times. I prefer using BSC because it gives me high speed at a low cost.
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1053
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Alternate cryptocurrencies / Altcoin Discussion / Re: Which is better: Ethereum or the Binance Smart Chain?
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on: July 31, 2021, 03:56:14 PM
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the most noticeable are the day traders in the market. now more and more are moving to BSC. because the reason is the problem of cheaper fees and transaction speed. but some investors are still consistent with tokens with the ethereum network. I'm sure both are still popular. now the increase is indeed happening in the BSC. but we don't know what about the future.
Low cost and high speed are always advantages. ETH has created a space for Solidity programmers to develop and BSC is a place for them to make money. Developers on ETH can easily develop on BSC because the way DAPP is built is exactly the same. If ETH offers cheaper transaction costs, high speed, and stability, it can attract users back to ETH.
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1054
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Bitcoin / Bitcoin Discussion / Re: Public companies That own Bitcoin
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on: July 28, 2021, 08:35:08 PM
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With the rapid development of cryptocurrencies, big companies are not going to give up on this piece of cake. The cryptocurrency market is so new and an attractive place to make a profit. I believe that in a few years cryptocurrency will be really popular around the world. It's an inevitable trend and it's happening fast.
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1058
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Bitcoin / Bitcoin Discussion / Re: Sold my first Bitcoin and am happy
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on: July 28, 2021, 05:07:36 PM
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I'm not calling it a sell-off, it's a take-profit, you're making a good profit and you're enjoying the fruits of holding for a long time. I like the way you think about investing. Selling a little does not affect the whole process but it makes everything better especially your psyche. Rewards are the motivation to motivate you to invest.
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