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81  Alternate cryptocurrencies / Altcoin Discussion / Re: China's digital yuan vs US dollar on: October 13, 2020, 01:49:35 PM
According to the data, the renminbi rate increased continuously and the strongest in 10 years.
According to FactSet data, from the beginning of July to the end of the trading session on Wednesday (September 30), the yuan rose 3.9% against the USD - an increase that marked the strongest quarterly increase since early 2008.
I think the value of the yuan has increased due to the return of the Chinese economy due to the good control of the COVID19 pandemic and the share value of Chinese companies giving better interest rates than other countries.
The advent of the Chinese digital currency will change the Chinese economy in the future. America will have to race to create its own digital currency.
82  Bitcoin / Bitcoin Discussion / Re: We Are All Satoshi on: October 13, 2020, 01:40:25 PM
I have a compliment on your work, it's really unique and looks great.
Bitcoin was created for the community and people use it for convenience and decentralization.
Satoshi Nakamoto created bitcoins for this purpose and wants everyone to use them. That is also the reason he hides his reputation, I think he will never show up.
Every bitcoin user is a Nakamoto according to its creator's wishes.
83  Economy / Economics / Re: How long will it take banks to phase out physical cash completely? on: October 13, 2020, 01:33:11 PM
Why give up physical cash altogether when it is useful and instant liquid.
I have heard about the European Union bringing cryptocurrencies to payments in European Union countries. During the pandemic, cryptocurrencies like bitcoin and altcoins were used more frequently than cash. They will continue to use cash in parallel with cryptocurrencies in the future.
I realize that in the future, the parallel use of these two currencies will be certain and irreplaceable.
Traditional cash is used by everyone regularly, and in convenience stores and mobile stores, cash is even more useful when it comes to providing street performers or the homeless.
Cash is ingrained in how people use it and can't get rid of it.
The cash removal will take more than 100 years, and probably the majority of banks will no longer exist.
84  Alternate cryptocurrencies / Altcoin Discussion / Re: What do You think about YFI ? on: September 30, 2020, 04:32:55 PM
According to a source from coingecko, YFI has exploited all of its tokens and since last week until now, the deposit in DEFI YFI has been withdrawn quite a lot.
The value of each YFI token has plummeted to $ 23,000 per token. I wonder what they will do to keep the project going once they have fully exploited the project's tokens.
https://www.coingecko.com/en/coins/yearn-finance
85  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BOUNTY AND UNFAIR TREATMENT OF HUNTERS on: September 29, 2020, 08:04:18 AM
We need to be smart when choosing projects to join bounty programs. If the project is longer than 20 weeks, I will quit it immediately. The effort needs to be put in the right place.
There are hundreds of petty bonuses out there and we need to revisit the project before we get started.
86  Bitcoin / Bitcoin Discussion / Re: 18.5 million BTC already mined on: September 29, 2020, 03:50:34 AM
The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
<snip>
Someone seems to be unaware of how the BTC algo works...
Speed of miners has NOTHING to do with when the last coin will be mined because difficulty is recalculated every 2 weeks to keep AVERAGE time per block at 10 minutes. Unless the algo is changed that locks the date of last coin mined as sometime in 2140. Period.

To be fair though a steady increase in difficulty does imply block times of less than 10 minutes which is also why the recent halving moved up to May from the first halving in November 2012. So if subsequent halvings keep moving up a few weeks or months at a time, the last coin to be mined could already happen around 2136.

A far shot from 2050 of course, but those few seconds below 10 minutes do add up.
The 10-minute time is only relative to the random difficulty of the algorithm that blocks are mined for.
With the speed of development of mining equipment being enhanced more, using less energy and mining more efficiently, Bitcoin mining becomes faster. The time for the Halving is fixed for 4 years so I believe my argument may be correct.
87  Bitcoin / Bitcoin Discussion / Re: btc transaction fee is way too much and btc transactions are way too slow on: September 28, 2020, 02:01:09 PM
The bank is not good if you want large sums of money, very large fees, and can be investigated by that amount. You can transfer large amounts of money to another country via bitcoin at a rate several dollars faster than a bank.
Bitcoin grows slowly, but it could improve in other ways in the future. We have lightning networks, we wrap Bitcoin, and they help move bitcoins faster.
The miners involved in bitcoin mining help Bitcoin share power and be monitored and fraud-proof.
88  Alternate cryptocurrencies / Altcoin Discussion / Re: Are DeFi projects trustless? on: September 28, 2020, 01:40:10 PM
Most of the projects impersonated the DEFI and raised funds and disappeared. Some DEFI projects have ridiculously high returns.
People still praise DEFI but I will observe them. Time will tell which DEFI model is best and which projects will exist in the future.
People do farming just to earn project tokens and sell them. The benefits of holding tokens are few. YFI has mined 30,000 tokens. A large number of investors have left and switched to other projects.
89  Bitcoin / Bitcoin Discussion / Re: 18.5 million BTC already mined on: September 28, 2020, 01:34:34 PM
The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
Even though Bitcoin is fully exploited, its potential to increase in price remains unknown.
Bitcoin derivatives like Margin, futures, and ETFs are created and people trade them. People will take profits when they make a profit. It can be as vicious as forex market exchange rates.
90  Bitcoin / Bitcoin Discussion / Re: Finally, a Bitcoin ETF.... but in Bermuda on: September 25, 2020, 09:41:40 AM
There were many EFT Bitcoin before that, and there was only one more EFT Bitcoin in Bermuda.
Regulations started to thicken and it was also just a money-making tool for individuals or financial companies in this country.
Ever since derivative instruments came out the value of bitcoin tends to depreciate more strongly than it increases in price and it is difficult to reach new ATH levels. If the price of bitcoin goes up, they sell it for a profit.
91  Economy / Economics / Re: Microstrategy Stock Jumps 9% Following Bitcoin Investment on: September 25, 2020, 09:35:56 AM
I think this is normal, people have also made companies increase their share prices when some companies changed their names and added Blockchain to their names in 2016-2017.
The market is manipulated by human psychology, the price increase or decrease is temporary. We still often witness such strange events.
92  Alternate cryptocurrencies / Altcoin Discussion / Re: 100% người việt nam có hoàn cảnh khó t́m kiếm cơ hội sống 300. on: September 25, 2020, 09:31:04 AM
Making money in the cryptocurrency market is very difficult. The market is risky, and the value of cryptocurrencies may plunge by negative news.
I have seen Bitcoin plummeting from 9k to 4k in 1 week.
I have seen many altcoins discount 10 to 100 times and maybe more.
The bounty hunters get tricked or get less money with their efforts.
Many DEFI projects are scams or overly exaggerated.
Although there are many risks, there are still many profitable investors, with large fluctuations making this market attractive. Perhaps it's more attractive than gambling because I see many people willing to spend large sums of money on an anonymous team project.
93  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins có bị tẩy chay không? on: September 24, 2020, 12:10:48 PM
Bitcoin's domain is going up while Bitcoin is down which means altcoins are falling faster. It is a correction due to the sharp increase in prices in recent months.
Bitcoin has always held a large position but it will facilitate the altcoin to increase in price in the future as Bitcoin moves to a higher price point.
Of course, it is a progressive evolution of both Bitcoin and altcoins
94  Bitcoin / Bitcoin Discussion / Re: Những ǵ một phần mạng lightning sẽ chơi trong chạy bull sắp tới? on: September 24, 2020, 12:04:30 PM
I think Lightning Network just makes Bitcoin a little less congested. There is still another solution to reduce congestion on the Bitcoin network.
Miners have evolved, and it helps to process transactions faster than the old generation.
Wrapping Bitcoin on other blockchains will reduce the burden on the Bitcoin network.
Forms of OTC transactions already present on centralized exchanges seem to be more popular with people than older OTC buying and selling sites.
I don't think bitcoin will be congested in the coming bull run.
Agree with all of your comments.
It is clear that compared to 2017, bitcoin is now better known for its degree of saturation. They have been able to learn bitcoin from 2017 so far, and they bought Bitcoin when it was lower now.
The current demand for Bitcoin is saturated and there is no possibility of further growth. We expect only the entry of major institutions and corporations for Bitcoin.
They buy Bitcoin in bulk, not small, like most people in 2017. We have more ways to buy Bitcoin than transact directly in the Bitcoin network via Bitcoin and OTC on CEX. With the advancement of miners, the potential for network congestion is lower.
95  Economy / Economics / Re: DeFi so với CeFi? on: September 23, 2020, 08:26:51 AM
DEFI and CEFI are both profitable.
CEFI on major trading platforms provides better and safer returns because they have secure technology and are willing to be responsible for the money they hold of investors.
The worst-case scenario is that they were attacked and had their money taken. When they are unable to pay, they will refuse responsibility.
DEFI is more interesting because it is decentralized and no one controls it but the important issue is the project's source code because there are many Bug rebase token projects that cause the project to cost the investor like SYFI, Yam, BZRX.
96  Alternate cryptocurrencies / Altcoin Discussion / Re: UniDapp - scam project! on: September 23, 2020, 08:20:44 AM
I have no doubts about that, many projects have followed the success of the previous DEFI projects. For example, a series of projects start with the letter Y.
UniDapp is being promoted by a bonus campaign. Their only purpose is to raise capital through Pre-sale and earn profits like other projects. Nothing is certain because their source code is undeveloped and their team is anonymous.
97  Alternate cryptocurrencies / Altcoin Discussion / Re: Stable coins for bounty hunters on: September 23, 2020, 08:14:25 AM
A stable coin for bounty hunters is a great idea. I have seen projects span 12 to 16 weeks. For a very long time, the reward was rubbish, not worthy of their effort.
Some good projects grow and bring good returns, they are rare.
Spending a prepaid stablecoin fund to advertise is a huge and unreasonable expense because many ICO projects are difficult to raise enough soft cap.
98  Bitcoin / Bitcoin Discussion / Re: With this recent surge in BTC, is it possible to have all time high this year? on: September 22, 2020, 08:49:58 AM
Bitcoin has had too much good news lately, but paradoxically, Bitcoin is in a downward correction trend.
Big companies like MicroStrategy bought hundreds of millions of dollars in Bitcoin, and record-high hashes are good news. Bitcoin could drop in price in the short term ahead of a strong bull run.
99  Bitcoin / Bitcoin Discussion / Re: How do you use BTC to generate passive income like ERC20 tokens? on: September 22, 2020, 08:44:25 AM
To earn passive income Bitcoin can be done in many ways. Saving is possible on centralized exchange platforms like Binance or Huobi. You can join DEFI with Bitcoin, many DEFI platforms allow staking WBTC (BTC encapsulation based on ERC20 tokens) and receive interest, where you can sell them and buy more BTC.
Currently, scam DEFI projects are taking place on a large scale, so please only participate in reputable projects.
100  Other / Meta / Re: Bitcointalk, as a financial institutes. on: September 22, 2020, 08:36:54 AM
Bitcointalk is a social network for Bitcoin lovers but has been further developed. Not only discussing bitcoin, but it is also the place to provide information about new projects, announcements from altcoins, general political-economic information. Bitcointalk also provides income for people through bonus campaigns.
Since the introduction of the program that provides the merit, the number of subscribers has decreased, less spam content but it also lost the interest.
I noticed that Crypto Talk is growing fast and I am concerned they will take users from this forum.
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