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June 19, 2021, 06:39:13 PM *
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1  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make money with NFTs? on: Today at 01:35:06 AM
I think that this article will give you a complete explanation about the example of how people were making their money in the crypto currency

https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html

People earning, selling and buying NFT. If the platform has a solid product and NFT can be trader just like weapon, char, land and various things and you can earn money from this.

It's a wild and crazy world we're living these days. Who would've thought creating a "meaningless piece of art" (no offense intended) would sell into millions of dollars (USD) in an instant? As much as I'd love to make money with digital arts or paintings, I'm not quite familiar with graphics design. In-game items and other digital collectibles would be a much more suitable option for me. I think games with NFTs is where the money's at. What's stopping this from happening is the Blockchain's limited transaction throughput. If blockchains were infinitely scalable, then creating and selling an NFT would be a no-brainer. At least, the idea is there. Making it a success is another story. Just my opinion Smiley
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin Maximalism on: Today at 01:32:50 AM
I don't think that the majority of users will ever need to know how complex the Lightning Network is under the hood. BlueWallet provides a good experience for users who don't want to bother with managing their own channels. Strike has taken an even bolder approach and might actually be able to get ordinary people onboard. The user needs only to scan a Bitcoin or Lightning invoice and it will be automatically paid by Strike. The user doesn't even need to own any bitcoin; their credit card is charged instead.

That is good to know. The more wallets like the ones mentioned, the better it'll be for the Lightning Network's adoption in the mainstream world. Basically, Bitcoin has all it takes to become an "All-in-one" solution. It's only limited to developers' imagination. The Lightning Network will be used to process micropayments on the Bitcoin, while the RSK sidechain will be used for Bitcoin-based smart contracts. If only merchants, businesses, and companies made use of these technologies, Bitcoin would've reached a greater audience.

At least, there's diversity on the market. This is a good sign for Blockchain tech's long-term sustainability. The more projects there are, the stronger Bitcoin and Blockchain tech will become. I believe that altcoins will serve as testing grounds for Bitcoin. Developers can test new features on an alternative blockchain before they integrate them into the Bitcoin blockchain (if they wish to do so). Consider how Litecoin became one of the first (if not the first) cryptocurrencies to adopt SegWit. After it became a success on LTC, developers decided to activate it on Bitcoin for miners to signal their approval. It didn't take long before SegWit became fully activated on the BTC blockchain. With how far altcoins have gone, I don't think Bitcoin will become the sole cryptocurrency in the decentralized realm. Just my thoughts Grin
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Dogecoin overpriced? on: Today at 01:29:03 AM
The question is difficult to tackle anyway. When do we know whether a cryptocurrency is overpriced? I feel like there is almost no wrong or right answer to that question. Even if you ask that question for Bitcoin or Ethereum, are they overpriced? Or not? How do we know and how do we measure what is overpriced and what is not? With stocks it is easy as you can apply certain valuation methods, but you can't do that with cryptocurrencies unless they have an underlying business model that produces returns.

You know when a cryptocurrency is overpriced when current price on the market doesn't match its total supply. This is all about economics. The higher the supply, the greater the inflation rate. This translates into lower price per coin over the long term. With all of the Dogecoin currently in circulation (plus the new DOGE that will be mined every year), price per coin should've been a lot lower than 1 cent (USD). What's keeping the "meme" coin afloat is Elon Musk. Once he becomes bored of DOGE, expect the coin to go all the way down the drain in an instant.

Of course, nothing is set in stone. After all, crypto behaves in strange and bizarre ways. DOGE could go either up or down in an instant. What's important is that you secure as much profits as possible regardless of the coin's current price on the market. As long as you do that, you'll have nothing to worry about. Just my opinion Smiley
4  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH or Bitcoin which is best. on: Today at 01:26:06 AM
Bitcoin is the best coin. Nothing in the history of crypto price increases without being preceded by Bitcoin. In 2021, the first crypto at the pump will be Bitcoin, as well as the year before. So if you are asking which is the best between Bitcoin and Ethereum, then Bitcoin is the best.

Exactly. Bitcoin is and will always be the best cryptocurrency in the world. No other competitor can outmatch its level of security, reliability, and censorship-resistance. The pioneer cryptocurrency (Bitcoin) is the one that started it all, and without it, Blockchain tech wouldn't be possible today. Ethereum is good, but it's still far from replacing Bitcoin anytime soon. At least, the world's second-largest cryptocurrency works as intended by providing censorship-resistant applications to the world. I believe that Bitcoin will become the future of money, while Ethereum will become the future of the web. Diversity is key for the long-term success of crypto and Blockchain tech as a whole. Just my thoughts Grin
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Polygon (MATIC) vs Ethereum on: Today at 01:23:06 AM
there is no vs between Ethereum and Polygon, Polygon is working on Ethereum and for Ethereum success, so there is no room for competition

Polygon will capture L2 solutions to Ethereum, since that is an aggregator, and that will be great for future development on Ethereum, since there will be less fragmentation due to several different L2 solutions
price wise, it is the best to do your own analysis prior to investment, do not just listen people from the internet

Yes. For once, I've thought Polygon was going to challenge Ethereum directly. But after reading more about the project, I've realized that it's all the other way around. With Polygon's scaling solutions, Ethereum could go all the way to the moon in terms of mainstream adoption. This means lower gas fees and greater performance for ETH-based dApps. Several projects begun using MATIC for their own benefit. The more projects use MATIC, the less burden there will be on the main Ethereum blockchain. Imagine how everything would be once ETH 2.0 comes into fruition. MATIC + PoS + Sharding will make alternative smart contract platforms like Binance Chain a thing of the past. Who knows how high MATIC will go in terms of price within a couple of years from now? Just my opinion Smiley
6  Bitcoin / Bitcoin Discussion / Re: Will governments ban Bitcoin like they did with Gold? on: Today at 01:20:14 AM
Banning gold is easy because you can stop it at the airport, it is visible and physical. You just confiscate it if somebody tries to transport it. Much harder, if not impossible with Bitcoin in my opinion.

That's certainly true, mate. Banning Gold is easy because it exists in physical form. But that's not the case with Bitcoin these days. With nodes distributed across the globe, banning Bitcoin in its entirety may seem to be an impossible task. Governments are already noticing their efforts in trying to destroy Bitcoin are futile. They're forced to either join the game or be left behind in the dust. A Central Bank Digital Currency (CBDC) will give governments the leading edge, as they challenge Bitcoin's existence in the long term. While I don't think Bitcoin will disappear, its usage might be reduced to a minimum. After all, most people will experience the benefits of crypto/Blockchain tech via government-issued currency. Of course, this comes at a cost of centralization. But nobody cares about this as long as convenience/ease-of-use is put on top of everything else. With or without a ban, Bitcoin will thrive as sound money for everyone. Just my thoughts Grin
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will HBAR reach $1 someday? on: Today at 01:17:14 AM
I am quite interested in this project as it is building one of the important parts for this market, https://hedera.com/learning/what-is-a-central-bank-digital-currency-cbdc

With a vision for the next 5-10 years, I think it can reach MC: $50B

Hedera Hashgraph has all it takes to beat existing cryptocurrencies on the market. It may be somewhat centralized, but its performance is beyond compare. I think the HBAR cryptocurrency will "explode" in price if companies start issuing stablecoins on it. All the project needs is strong marketing/promotion efforts and good partnerships to succeed in the long run. $1 per coin is not impossible considering how far the crypto market has gone. Long-term holders will surely benefit once HBAR goes all the way to the moon. What matters is an specific cryptocurrency's usefulness instead of the current price on the market. As long as HBAR is useful, nothing else matters. Just my opinion Smiley
8  Economy / Economics / Re: Crypto vs Stocks on: Today at 01:14:02 AM
You sound a lot like a no-coiner mate.

Crypto is the best thing that has ever happened to the investment world. Nobody has any time to do all those researches, examining ratios, debts and such crap. Just buy bitcoin and it only goes up. Why can't it go up only? BTC has been going only up since its inception.

Don't believe me? Just see the BTC/USD chart.

Berkshire lol. Bitcoin returned 9999999999% since 2008.

Couldn't agree more with you, mate. Everyone knows crypto yields greater returns than stocks themselves. Already, Bitcoin is making stocks look obsolete. It shouldn't be long before institutional investors join the game. What's limiting crypto from replacing stocks is limited mainstream adoption. Despite 12 years in the making, crypto and Blockchain tech are still not mature enough for mainstream use. There's the issue of scalability, price volatility, and lack of a proper regulatory framework. Until crypto solves this, I don't see it replacing stocks anytime soon.

What could happen is that the stock market switches to Blockchain technology for increased performance and reliability. This could enable interoperability between the world of crypto and stocks. But somehow, companies are skeptical of crypto/Blockchain tech. I wouldn't worry about this as long as crypto continues to be traded on the free market. Those who buy and "hodl" crypto early, will reap huge profits in the long term. It's what distinguishes the crypto market from the traditional stock market. Regardless of the negative criticism surrounding crypto/Blockchain tech, the revolution won't be going anywhere thanks to its focus on decentralization and censorship-resistance. Just my thoughts Grin
9  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin better than Fiat? on: Today at 01:11:09 AM
While the government chose to ban it rather than support it to maintain fiat. This is a phenomenon that is happening today with bitcoin as a modern payment system. Government in many countries are constantly trying to control bitcoin and want to make it non-decentralized but so far they can't have it.

To make it a widely adopted mean of payment in many countries, I think will be difficult to achieve because government in many countries insist not to give us the freedom to do so. This may have been thought of by Satoshi so that bitcoin is said to still be subject to the rule and jurisdiction of a country as legal tender.

Governments will ultimately fail in banning Bitcoin's widespread use worldwide. The least they can do is restrict people from trading Fiat to crypto via a centralized exchange. But that's it. Peer-to-peer transactions occurring on the Blockchain is beyond any governments' control. Either governments and central banks join the revolution or get left behind in the dust. It looks like governments have decided to join the revolution as they prepare themselves for the launch of central bank digital currencies (CBDCs). This could undermine Bitcoin's adoption in the mainstream world, as people will find a CBDC a much better choice for day-to-day payments. Only a very small minority who cares about decentralization and censorship-resistance will use Bitcoin no matter what.

Whenever Bitcoin is better than Fiat or not, that's up to the person to decide. I've said this many times already. For some people, Bitcoin is better than Fiat because it's sound money outside the scope of central banks and governments alike. But for others, Fiat is better because of its stability and reliability as a medium of exchange for goods and services. Depending on a person's needs, will be the type of currency to use. Just my opinion Smiley
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Binance too big to fail? on: Today at 01:08:58 AM
Binance is too big to fall drastically or turn into Mt. Gox, It's much more regulated both self and external. The probable fall of binance would come as a competition. But like dethroning something as bitcoin, it would be difficult to dethrone something like Binance. Exchange like FTX seem a good option but even that uses many aspects of binance and is linked to it.

Binance is too hard to beat these days. Only a strong competitor will be able to take its place in the future. For what I know, nothing lasts forever. We've seen companies come and go as the world goes round. There's nothing stopping a new crypto exchange from gaining traction in the mainstream world. All it needs is constant innovation, mainstream adoption, and strong marketing/promotion efforts to challenge Binance. Things would've been different if Binance exchange was completely decentralized. But we all know that's not the case today. A major hack or government crackdown will put an end to Binance for good.

Nonetheless, it seems to me that Binance's dominance on the crypto market will last for quite some time. It's a force to reckon with, since no other exchange has been able to provide better service and/or user experience in the industry. What matters is that crypto/Blockchain tech stays as decentralized as possible. With decentralized exchanges and atomic swaps, Binance dominating the crypto market is no longer an issue. Time will tell us if Binance will remain as the leading crypto exchange or go all the way down the drain. Just my thoughts Grin
11  Bitcoin / Bitcoin Discussion / Re: Will energy consumption be Bitcoins downfall ? on: June 17, 2021, 10:15:25 PM
People moved to electric cars to save GAS/Patrol spending not to save the environment. Electric cars run on electricity and this electricity is mostly generated by burning fossil fuels.
PoW is power greedy and I don't think it will be replaced by any other consensus algo in the future. A counter argument is that bitcoin power consumption can be justified by using clean energy i.e. generated from water, wind, sun etc.

That's certainly true, mate. There's basically no such thing as "environmentally-friendly". One way or another, fossil fuels are used, harming the environment as we know it. Bitcoin's energy consumption may seem high to many, but it's in fact low when compared to the amount of energy consumed by traditional financial institutions (aka banks). The pioneer cryptocurrency can go green, if miners decide to run their equipment on solar or wind energy. Saying that Bitcoin is harmful to the environment is only a failed attempt to spread FUD from mainstream media, banks, and wealthy people alike. No matter the criticism, Bitcoin will thrive because of its decentralized and censorship-resistant design. I don't think Bitcoin will switch to PoS in the future, because the consensus algorithm is not as secure as PoW is.

Nonetheless, it seems to me that PoW ain't going anywhere. High or low energy consumption won't make a difference since it's used to help secure the Blockchain. ASIC mining hardware will certainly improve over time as chips become more energy efficient than ever. As long as Bitcoin remains decentralized and censorship-resistant, nothing else matters. I'd envision a future where most altcoins will switch to PoS, while Bitcoin remains with the classic "Nakamoto Consensus". There are far more important things to focus on besides Bitcoin's energy consumption. Just my thoughts Grin
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't we have too many smart contract platforms already? on: June 17, 2021, 10:05:25 PM
That's clear, because every platform that has been successfully built will always have its own uniqueness and also its own advantages, because a completely perfect one will always be difficult to find in the crypto space.

Exactly. Diversity is key for Blockchain to succeed in the mainstream world. The more alternatives there are, the better it'll be for Ethereum. Ultimately, there can only be one winner. And such is the one able to provide usability above all else. Despite the numerous platforms on the market, Ethereum's status as the "King of Smart Contracts" has been untouched. This shows us that ETH has some loyal supporters behind it, because it's the most decentralized smart contracts platform in the world. Other alternatives may be faster and cheaper than Ethereum, but they're missing the most important thing which makes a Blockchain a Blockchain. And that is decentralization, reliability, and censorship-resistance. Investors and traders will ultimately decide which coin stays afloat and which coin goes down the drain. I wouldn't worry about the many smart contract platforms in the crypto/Blockchain space as long as the core technology remains decentralized and open for everyone. Just my opinion Smiley
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Uniswap Token Price Prediction on: June 17, 2021, 10:01:12 PM
Previously UNI did reach $50, but UNI experienced a deep dump when the Bitcoin price was also corrected,
I'm really sorry I didn't sell it at the new ATH price, and I sold it at $35, yes I did get a profit, but the profit was not optimal,
and from now on I'm still accumulating UNI continuously, the target of $ 100 of course can be achieved if the project is still running well

UNI seems to follow other altcoins and tokens' footsteps on the market. If Bitcoin goes up, so will UNI and its competitors. I think it's inevitable that UNI will reach a price north of $50 because the platform itself (Uniswap) is the biggest decentralized exchange in the world. Uniswap is always one step ahead in terms of mainstream adoption and innovation. The new V3 upgrade will get things rolling for the AMM, as it puts high fees and slow speeds to rest. Uniswap will become as good as PancakeSwap or even better with the upgrade. It would be wise to buy and "hodl" as much UNI as you can before it's too late. You'll never know when the bull market hits again, making UNI soar towards new All-time-highs.

Nonetheless, price per token doesn't matter most as long as it's useful. Having a share on UNI, allows you to participate in the project's governance. What matters is decentralization above all else. I'd choose Uniswap over its competitors anytime because it focuses on decentralization and censorship-resistance. It's what makes the UNI token truly valuable in my book. Time will tell us how far the token will go as crypto/Blockchain tech becomes more popular in the mainstream world. Just my thoughts Grin
14  Alternate cryptocurrencies / Altcoin Discussion / Re: BNB to $1k? on: June 17, 2021, 09:55:15 PM
There is no doubt that Binance is the largest cryptocurrency exchange right now and it is growing at an astounding rate (mostly due to acquisitions). But this rapid growth has attracted attention from unwanted quarters as well. The SEC is reportedly preparing themselves for an extended showdown against Binance. Being the largest exchange, now Binance has entered the hitlist of agencies such as the U.S. Securities and Exchange Commission (SEC) and FinCen, and I don't expect things to get easier for the exchange from now onward.

I'd be interesting to know how everything unfolds in the long run with the SEC lawsuit. If Binance loses the lawsuit, BNB could experience less demand on the market. This translates into lower prices per coin within a short amount of time. It may be the perfect opportunity to stack some more BNB at a discount before prices go back to the way they were. Sooner or later, BNB will reach $1k because of the superior features it provides compared to other smart contract platforms on the market. I think BNB will remain as the world's third-largest cryptocurrency by market cap, as it's too hard to beat.

Of course, BNB will never replace Ethereum because of many obvious reasons. But it'll be a strong competitor that will stand the test of time. If we compare BNB vs ETH's network performance, we'll notice that BNB is far superior in every way. So if ETH is worth more than $2k right now, BNB can easily hit $1k in a matter of months. Just my opinion Smiley
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum or Binance Chain (BNB)? on: June 17, 2021, 09:50:06 PM
Creating Binance Smart Chain is one of the brightest idea of CZ.  They have catered lots of projects that hates the high fee of ETH.  If asked to  choose between BSC and ETH network, I would go to the cheaper one because the user experience is the same.  Aside from that, Binance coin has a greater potential to increase in a much higher percentage than ETH.

CZ is a businessman so he knows exactly what he's doing. By giving birth to an Ethereum-based clone, Binance (the company) can take the whole crypto world by storm. Binance Smart Chain has been a widespread success due to its high performance and cost-efficiency. It's like Ethereum because dApps use the Solidity programming language. BSC has adopted the EVM (Ethereum Virtual Machine) for its own benefit, making it a great Ethereum-based alternative on the market. People who're looking to save money will use Binance Chain without thinking it twice. There are many attractive projects built into the platform including (but not limited to) PancakeSwap and Cream Finance.

Of course, BSC's high performance blockchain network comes at a cost of increased centralization. It's this factor which makes Ethereum superior than Binance Chain. Despite the high gas fees and slow transaction processing times, Ethereum has done well as the most decentralized smart contracts platform in the world. I'd choose Ethereum over Binance Chain anytime, because of its focus on decentralization and censorship-resistance. The market will ultimately decide which one stays at the top as the leading smart contracts platform in the crypto/Blockchain space. Ethereum has retained its position even with BNB in play, so it'll dominate the market for quite a long time. Just my thoughts Grin
16  Alternate cryptocurrencies / Altcoin Discussion / Re: If Musk doesn't tweet Dogecoin, can it still soar? on: June 15, 2021, 07:53:05 PM
It is inevitable. Those that believed that Elon Musk will be able to take Dogecoin to $1 were all dreaming and if this is not clear to them already, they will be recked soon. Elon Musk has tried to get that to happen even though some of us already knew that it was for his personal gains.

If Dogecoin was actually a solid coin, what could have been the best news for a coin's price to skyrocket when an exchange like Coinbase Pro announces the listing of Dogecoin, that type of news is enough to MOON some projects but what happened to Dogecoin price after the announcement? nothin.  Even with that and still Elons tweet, Dogecoin still went down in price.  Grin

Couldn't agree more with you, mate. Dogecoin is nothing but hype that will soon fade away. Despite Elon Musk's shilling, Dogecoin's facing resistance to get all the way to $1. This is because the coin's supply is enormous. The hyperinflationary nature of Dogecoin will keep it from going up in the long term. It was never meant to be used as a store of value.

Once Elon Musk stops tweeting about Dogecoin, its price will go all the way down the drain. It won't go up on its own because of the reasons mentioned earlier. There are far better coins out there on the market with active development and innovation. People are just foolish enough to make their investment based on someone else's opinion, instead of doing their own research about the project. Elon Musk must've profited big time with his recent market manipulation strategy. With or without him, crypto/Blockchain tech will carry on as usual. Just my opinion Smiley
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Elon Musk manipulating the market? on: June 15, 2021, 07:18:27 PM
Obviously Elon Musk was manipulating the crypto market with his tweets, just wondering why a grown up person will make a decision to buy or sell a coin based on one person's opinion, it's really stupid honestly, his followers literally take every tweet from him as a financial advice which isn't the way it should be, Elon Musk needs to stop manipulating the market with those tweets, it's getting some people rekt.

Exactly. People are foolish enough to follow one person for all of their crypto-related investments. Elon Musk may be a multi-millionaire but that doesn't make him smart. He doesn't seem to know much about crypto/Blockchain tech these days. Investing in Dogecoin without doing a research about its technical aspects is more than enough proof that Elon Musk is a newcomer in crypto land. He's only been manipulating the market with his comments across Twitter for his own financial benefit. Newcomers into crypto will become "rekt" once their investments go all the way down the drain.

Dogecoin may have benefitted from Elon Musk's comments, but the effects won't last for long. Anything above 1 cent (USD) per DOGE is considered overpriced these days. Imagine if Dogecoin hits $1 with Elon Musk's constant shilling. It'd be insane! I'd suggest anyone to stop following Elon Musk and just follow a cryptocurrency project's development progress. Concrete results is what matters above all else. Just my thoughts Grin
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Binance Smart Chain the "New Ethereum"? on: June 15, 2021, 06:21:16 PM
People sticks to BSC not because they love the blockchain but because the projects there are many varieties from the pump and dump coins to some decent project but honestly I never see something serious developed in BSC beside the defi.

Most of the long term promising projects either still stick to ethereum or create their own mainnet, also if RSK become the next big thing it could potentially reduce the market share of coins below 3rd rank.
I think you know it very well that the only thing keeping people in BSC are those shitcoins for trying luck or in a nutshell gambling. but that's just my opinion alright, take it with grain of salt

BSC is extremely popular because of the low fees and blazing-fast transaction speeds. This makes Binance Smart Chain the ideal Ethereum alternative. Of course, the platform is utterly centralized. But most people don't care as long as they're able to fill their pockets with money in the least time possible. With useless coins like SHIBA and Safemoon gaining traction on BSC, anything can be expected. I'm surprised how fast BNB went all the way to the moon compared to other cryptocurrencies on the market. Binance Coin is now the third-largest cryptocurrency by market cap next to Ethereum. It may never replace ETH, but it could retain its position on the market as people use it more thoroughly in the mainstream world.

No matter what happens in the future, both BNB and ETH will be here to stay. They will continue to grow until they become a "force to reckon with". Since BSC is based on Ethereum, the world's second-largest cryptocurrency by market cap has nothing to lose. Just my opinion Smiley
19  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your favorite NFT? on: June 15, 2021, 06:17:29 PM
I still believe that my favorite is yet to come. NFT right now is useless, people buy them and hold them with the hopes of selling for more later. Now there are NFT projects with a use case, where you can either increase your profit, or you can fight them or whatever but in the end we are talking about something that is not profitable to keep doing, people rather profit by buying and holding and selling it later on. Most NFT's became less valuable than the gas fee which is the biggest problem those projects have.

One day there will be a project with NFT where you use it and everyone will go crazh over it, when the community wants to USE your NFT then you really hit the jackpot and in that case the token price will go super high because if you can use it then you won't sell it and that will make the price go up a ton in the end. I know it will happen, it just needs some more time for someone very talented to do that.

NFTs are full of hype these days. The ones that are legit are just a "needle in the haystack". We're going to have to wait a little longer before the NFT industry is taken more seriously. I believe that NFTs with intrinsic value will survive while the rest will go down the drain. In-game items and certain digital collectibles is where the money's at.

So far, I haven't seen NFTs as good as CryptoKitties and virtual property on Decentraland. The industry is still small, especially in the gaming sector. If we had renowned gaming companies supporting crypto/Blockchain tech, we would've had quality NFTs by now. At least, the idea is there. Making it a widespread success is another story. Just my thoughts Grin
20  Economy / Economics / Re: Economy after COVID-19 on: June 15, 2021, 06:10:07 PM
The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

Good point. Lockdowns have only slowed down the spread. But they're not a definitive solution for reducing the lifespan of COVID-19 in the mainstream world. What's important is to have a high vaccination rate so that herd immunity can be achieved in the least time possible. Governments can talk about recovering the economy to its original state once people are in good health.

The US has done a good job in vaccinating as much people as possible, but somehow it has seen an increase in the number of deaths. Americans won't eradicate COVID-19 if this keeps up. How long will the pandemic last will greatly depend on the collaboration of individuals and governments alike. The faster people get vaccinated, the faster we'll see the light at the end of the tunnel. I'm certain that the economy will look a lot different after COVID-19 thanks to the recent technological advancements. Just my opinion Smiley
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