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1261  Bitcoin / Bitcoin Discussion / Re: Do you think China is playing a double game? on: June 01, 2023, 04:40:09 PM
China might look like playing double game, but they're clear with their plans. It was China who helped with the circulation of bitcoin in the earlier days. During those days, even the grown economies and the technology wise developed nations too didn't considered it. At some point fake volume issue were identified during inspection by People's Bank of China. From then onwards it started strict regulation and terminated the operation of few exchanges. Later the ban on cryptocurrency mining, altcoins and bitcoin happened. Every country wants them to be dominant in the technology, and the increasing demand made China stay away from the race.

As OP said China hadn't grown out of making some cheap politics between the powers, it have got the strong manufacturing setup which is the reason it have emerged as one among the strong economy in the last 20 years. USA also a reason, to suppress the supreme power of Russia media started to compare between China and USA which too helped them in the growth.

China has always looked for its own benefit. Its tactics has led it to where it is right now. Currently, China is the world's second-largest economy. And it could become the largest economy in the world if it continues to do what it's doing. By adopting crypto/Blockchain tech, China could get the tools/knowledge it needs to help strengthen its CBDC (digital Yuan). It can also collect huge taxes along the way. China is not stupid, unlike the US that recently went aggressive against the industry.

If America continues to reject crypto, then it will be left behind in the dust, paving the way for China to take over the world. Crypto is the future whenever governments like it or not. Let's see how everything will play out in the long run. As long as crypto stays decentralized, nothing else matters. Just my thoughts Grin
1262  Economy / Collectibles / Re: Which do you prefer? Physical or digital collectibles? on: June 01, 2023, 04:32:25 PM
I have 0 interest in nfts. Nothing better than a graded coin loaded with btc Cool collectible Bitcoin notes, cards, magazines etc are equally amazing

Grading companies could join the NFT hype by issuing a digital version of your graded collectible. You'd have both the physical graded coin slab, as well as, an NFT version of it. But I doubt they will do this, especially when most NFTs are a gamble these days. With data stored on centralized servers, you can easily lose your precious NFTs in an instant. It's not like a physical collectible that you can preserve for years with proper care. People have even gone as far as making NFTs linked to tweets made by someone on Twitter, when all of that data could easily fade away into oblivion.

It's a wild and crazy world out there, so I'd expect the NFT hype to last for quite some time. At least, we know physical collectibles won't be going anywhere soon. Who knows if they'll outlive NFTs in the long run?  Roll Eyes
1263  Bitcoin / Bitcoin Discussion / Re: Best open source hardware wallets for BTC? on: June 01, 2023, 04:22:04 PM
You can see the list of open source hardware wallet here: Open source hardware wallet

I will recommend passport.

Some people also recommend Keystone.

I would have recommended Trezor but the recent coinjoin with the help of Wasabi makes coinjoin to be censored and no privacy anymore as the transactions are monitored by Chainanlysis.

As for Ledger Nano wallet, it has been on of the worst wallets that I can not recommend anyone. I do not recommend the wallet before because they were careless with customers data and also the secure element in all their wallets are all close source.

Pretty cool. Thanks for sharing. This is just what I've needed. You can never trust a company (Ledger) that could easily side with the government for unknown reasons. The private key/seed recovery service tells us the company is already compromised. Why not educate people on how to protect their keys instead? It goes against their claims that they cannot access or know your keys.

The hardware wallet is closed source (AFAIK) so there's no way to know how your keys are stored/encrypted on the device. I really hope open source alternatives win for the good of the crypto/Blockchain industry. Who knows if Ledger is bound to die soon? Just my opinion Smiley
1264  Alternate cryptocurrencies / Altcoin Discussion / Re: Are BRC-20 stablecoins the next big thing? on: June 01, 2023, 04:16:05 PM
It's obvious that it's the new hype right now, just a couple of months ago when it was developed and now it's taking the crypto market. Although want bitcoin maximalist doesn't want is that it run on top of the bitcoin's blockchain causing the mempool to clogged and with that, the fee spike.

The thing is that when bitcoin's developers started to close that loophole, then maybe BRC-20 will be on the side then as everyone is being affected by it negatively so I wouldn't be surprised of a patch before the end of the year.

If the community is ok with Ordinals inscriptions, it's very unlikely they will side with developers to apply the patch on the network. This could trigger another hard fork as we speak. Time will tell us the fate of Bitcoin as its popularity continues to grow worldwide. As much as I'm against censorship (blocking Ordinals even though BTC is open source and decentralized), I'm certainly not a fan of high fees. Things will get worse with new stablecoins issued on the Bitcoin blockchain using the BRC-20 standard.

Instead of blocking Ordinals, why don't developers work on increasing on-chain TX capacity? It would help decrease network fees, while letting Ordinals flow as usual. So far, there's one only BRC-20 stablecoin issued on the Blockchain. Let's see how the experiment will turn out to be in the long run. Either this will "kill" Bitcoin or it will make it stronger than ever. We already have blockchains with smart contract features (eg: ETH), so why should we use BTC for things other than finance? Just my thoughts Grin
1265  Alternate cryptocurrencies / Altcoin Discussion / Are BRC-20 stablecoins the next big thing? on: May 31, 2023, 04:35:10 PM
There's a new stablecoin "in town" that goes by the name of Stably. It's a BRC-20 token issued on the main Bitcoin blockchain. I believe it's the first kind of stablecoin to be ever released on BTC. I'm not sure if it'll be backed by Bitcoin itself, but at least, Bitcoiners can now use stablecoins without having to move to another chain. The downside of this is that it will increase on-chain fees by a large margin. It's an Ordinals inscription after all. Would you imagine USDT, USDC, and other stablecoins launching their BRC-20 version on the BTC blockchain? It would be a complete disaster! The idea is cool, but it's best to move everything else to a separate chain or off-chain scaling solution to keep BTC fast and cheap for everyone to use.

What are your thoughts? Are BRC-20 stablecoins the next big thing? If not, why? Do you think BTC will be able to survive a flood of BRC-20 stablecoin transactions in the long run? What do you think about Stably? Will it have a future? Your input will be greatly appreciated. Thank you. Smiley
1266  Bitcoin / Bitcoin Discussion / Best open source hardware wallets for BTC? on: May 31, 2023, 04:25:12 PM
Does anyone know of any good hardware wallets that are open source? I've been using a Ledger Nano for years but not being open source is a deal breaker for me. With the Ledger Recover feature meant to help restore people's private keys/seeds by complying with KYC, the hardware wallet could be compromised as we know it. If it's not open source, it cannot be trusted.

Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. Smiley
1267  Economy / Collectibles / Which do you prefer? Physical or digital collectibles? on: May 31, 2023, 04:18:24 PM
The inception of NFTs brought a new era in the world of collectibles. Anything from art to rare items can now be collected in a digital manner. To some people, this is revolutionary because it eliminates the need to find space and protect your most valuable possesions. But to others, physical collectibles are better since they're something you can actually touch and carry with you wherever you go.

I'd prefer physical collectibles since they're something that could last forever. Not digital (intangible) items that are stored on a centralized server subject to fade in an instant.

Which do you prefer? Physical or digital collectibles? And why? Your input will be greatly appreciated. Thank you very much. Smiley
1268  Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada? on: May 31, 2023, 03:55:16 PM
USDC is also actively represented in the TRON network, and has been for quite some time. Only it has not had much effect on the growth of TRON itself. Maybe because USDC is not as popular for simple transfers as USDT? Although on DEXs USDC is also popular in various swaps. Competing networks are better, I agree, but there's obviously not less garbage there, especially in BSC network, where the number of scam tokens is fantastic, probably a record among all networks for the last 2 years.

I wasn't aware of that. It's nice to know there are other stablecoin alternatives that makes the TRON blockchain useful. I agree with BSC having lots of scam tokens in its platform. It's a lot worse than TRON itself. I guess that's because the BSC platform is directly tied to Binance exchange. It makes scammers' life easier as they could sell their scam tokens directly on the exchange for profit.

Still, TRX is much cheaper and faster to use than BSC. It hasn't got much attention from scammers, probably because of its low market price. I'm fine with TRX just the way it is. As long as there are exchanges supporting it, nothing else matters. Wink
1269  Alternate cryptocurrencies / Altcoin Discussion / Re: Government's actions against crypto on: May 31, 2023, 03:50:18 PM
In other countries, such as Japan and Switzerland, cryptocurrency adoption has been received more openly. They have issued clear regulations to facilitate the growth and development of the cryptocurrency market in their countries and there are also countries that prohibit or restrict cryptocurrencies, such as China which has banned exchange activities and Initial Coin Offerings (ICOs).

However, when viewed as a whole, government actions against cryptocurrencies are still very diverse. The sustainability and future of cryptocurrencies is greatly influenced by how governments and markets can strike the right balance between necessary regulation and supporting market innovation and growth.

It's like a competition. The countries who adopt crypto/Blockchain tech first  will be the ones ahead of the others. Crypto/Blockchain tech has become too big to fail and can't be avoided by mainstream governments. Even China considered turning Hong Kong into the next crypto hub. I think Russia will change its mind soon, especially when its economy is crippling because of the sanctions. We might live in a future where every country will accept crypto/Blockchain tech with open arms as long as taxes are paid in return. At least, that's the dream every crypto enthusiast has.

The industry must work together with mainstream governments to ensure a sustainable growth for both parties. With how things have been progressing lately (despite the US taking an aggressive approach towards crypto/Blockchain tech), I'm confident crypto will live alongside Fiat currencies for generations. Just my thoughts Grin
1270  Alternate cryptocurrencies / Altcoin Discussion / Re: Tron could be next doge or ada? on: May 30, 2023, 04:30:17 PM
Binance hardly supports USDT because they have their own counterpart in the form of BUSD. It is more profitable for them to support it than competitors' coins.  USDT TRC-20 and TRX are very well supported by Huobi, since this exchange is owned by Justin Sun. TRON seems more utilitarian to me now than DOGE, because DOGE is already a toy for speculation of one famous billionaire, but TRX is actively used for USDT transfer. This method is still very popular among the community.

The TRC-20 variant of USDT still has widespread support among the biggest exchanges in the crypto/Blockchain space. It's what's keeping TRX alive. If USDC and other stablecoins move to the TRON blockchain, then we should expect TRX to rise in popularity. So far, interest for TRON is declining because developers aren't making interesting dApps on it. The vast majority of dApps on the TRON blockchain are nothing more than just pure garbage. Competing chains like Ethereum and BNB are better in this regard. I guess that's why TRX's price hasn't increased that much lately.

If things keep going south for TRON, then TRX would become another Dogecoin in the future. At least, TRX has high trading activity. As long as it's backed by exchanges, there should be nothing to worry about. Just my opinion Smiley
1271  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: May 30, 2023, 04:27:07 PM
El Salvador could not get loans from the IMF, because Bukele at some point showed that he was not going to do everything that he was told for these loans, in this case it was about bitcoin bonds, when Bukele tried to convince him that this should not be done which is still too early. In the bear market, it’s not easy for everyone who deals with bitcoin, but of course, El Salvador didn’t have any ruins because of this.

Are you now talking about El Salvador's external debt, or about some individual loans? Because the external debt of El Salvador is much higher.

As for ATM's, El Salvador is doing well, despite the fact that they have not yet reached the indicators that they planned earlier, this trend still looks positive for them. While there are many countries where this indicator gets negative readings, when their amount is reduced, due to conflicts with regulators.

The IMF is sided with banks, thus it sees El Salvador's decision to adopt BTC as a threat to its very existence. All they want is to keep nations under their control with centralized Fiat currencies. Moving away from the system, would strip the IMF from that power. I think El Salvador will be able to carry on without the IMF's support if it manages to attract big BTC investments within the region. "The Bitcoin City" plan might work out in the long run. Imagine if BTC goes all the way to Mars. It will be a huge win for El Salvador!

People in the country may not be that familiar with BTC right now, but I'm certain that will change in the future. It's only been two years since BTC was made legal tender in El Salvador, so we should give it more time to see what happens. Maybe the country will turn into a developed one in the not-so-distant future? Just my thoughts Grin
1272  Alternate cryptocurrencies / Altcoin Discussion / Re: Government's actions against crypto on: May 30, 2023, 04:20:17 PM
Actually there is nothing US government or any other government from other countries can do against cryptocurrencies, because they work in a decentralized format out of governments' control. Authorities can impose how many bans they want on crypto, and their citizens will still use and invest on it, like we have been seeing in China, Egypt, Bolivia and other countries where crypto is illegal.

To deal with crypto is already part of the daily and private routine of many people around the world. It can't be stopped anymore and governments aren't fool: they know about that! So why to start a conflict for something that is out of their control and that can't be solved as they desire? Of course they will go through the diplomatic route.

As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.

I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion Smiley
1273  Economy / Economics / Re: US Debt Default: Good or bad for crypto? on: May 30, 2023, 04:15:34 PM
Well, first thing first, i do not see any default coming to the US because they have a hell lot of money and assets and also Wealthy Patriots who can single-handedly deal with the debt problem currently the USA is facing. Now secondly, if we assume that those patriots are also out of money and US political leaders have no backup plan to deal with this situation which in reality they must have. There will be bad consequences for BTC and for the whole stock market too. Because the US is the main currency for all of the stablecoins and we have seen it recently what effect does their downtrend make on BTC? When the Silicon Valley Bank was bankrupted the value of Stable Coin USDC become more volatile which highly affected the market.

Secondly, the good side of it was, the dominance of BTC was increasing because people need some place to hold their money where it can not lose its value. So, BTC is that place. It also was the main reason for the origin of BTC so that in the next banking crisis (financial Crisis) people have at least something to store their money to keep its value safe. And BTC will be used as one.

Congress already made a deal to raise the debt ceiling, so we should have nothing to worry about (for now). One way or another, the US will be unable to pay its obligations due to the ever-increasing national debt. I'm pretty sure the FED will print more money (inflation) to "magically" sustain the American economy. People are beginning to lose faith in the corrupt banking system, so it should only be a matter of time before Bitcoin and other cryptocurrencies rise all the way to Mars.

Of course, a debt default will crash crypto market prices all the way down to "rock bottom". But the effects will be temporary due to the declining value of the USD. BTC was made to battle inflation, so I'd suggest you keep on "hodling" no matter what. Who knows if you'll strike it rich someday? Just my thoughts Grin
1274  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking is not as trustless as it used to be on: May 30, 2023, 04:10:08 PM
Ethereum was captured a long time ago and there is no incentive to make it more decentralized or faster because middle men control staking and validating and make billions of dollars off of this. If you want something fair you need to look into REF on NEAR or Q Blockchain.

It sucks real bad. Ethereum was off to a good start but it defected to the those with a lot of money in the industry (mainly CEXs and VCs). It's a "Wall Street Coin" now. I guess money talks, after all. To say the least, the number of truly-decentralized PoS coins are declining by the day. People are more interested in centralized coins than can be easily shut down by the government at will.

At least, not all hope is lost. We have Peercoin, Diamond, Reddcoin, and a few other PoS coins that are truly-decentralized. I'm yet to try the coins you've mentioned recently. Everything in crypto land is open source these days, so there should be nothing to worry about. Just my opinion Smiley
1275  Alternate cryptocurrencies / Altcoin Discussion / Re: New coin - PEPE on: May 28, 2023, 05:45:10 PM
It is impossible to buy all new meme coins, and expect that one of them will bring a profit exceeding the purchase costs. Here we need accurate information from the team about the new launch of the meme coin and the budget that is allocated for the pump. But only those investors who have acquaintances in this project can get such information.

Not all that glitters is Gold. Some coins are worth the investment, while others are nothing more than just pure garbage. I'd say all of the "meme" coins are junk, except Dogecoin which is the oldest "meme" coin in existence. This last one has a tried-and-tested Blockchain network with a large community behind it. Not only that, but it also has Elon Musk's endorsement.

Neither Shiba Inu, nor PEPE, nor Floki Inu have the advantage Dogecoin has. They could fade into oblivion in a blink of eye. Dogecoin could lose its value overnight, but it won't die because of the reasons mentioned before. It's a wild and crazy world out there, so expect the unexpected for the new PEPE coin. Just my opinion Smiley
1276  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana blockchain on: May 28, 2023, 05:40:17 PM
I think Solana is a buy under 20usd but these days you don't need to even buy crypto to get rich, just do bounties, airdrops and giveaways. Zealy io has a lot of bounties and there are several accounts on Twitter giving away Q Blockchain tokens right now. You just need to look around and participate.

If Solana wasn't unreliable as it is right now, then $20 would be considered a bargain. But developers have been unable to fix the issue, so I'd look for other options instead. With FTX having a large investment on SOL, I find it hard to believe the cryptocurrency will recover anytime soon. Don't get me wrong, though. Solana's tech is promising, but without a reliable Blockchain network, what's the use?

The competition is getting fierce, but there can only be one winner. So far, ETH is in the lead as the best-performing smart contract platform in the world. Don't expect this to change anytime soon. Let's see if the new Q Blockchain grabs the attention of mainstream investors and traders alike. Maybe it will challenge Solana someday? Just my thoughts Grin
1277  Economy / Economics / Re: US Debt Default: Good or bad for crypto? on: May 28, 2023, 05:35:28 PM
Debt default is drawing closer and if there is no raising of debt ceiling yet from both parties, then both have two different decisions. A chaotic market ahead.

Bitcoin is now political. News flows by where DeSantis and RFK is into Bitcoin and have BTC to be their tool to in election. BTC is linked to popularity already and a presidential candidate who protcts BTC might win the BItcoiners.

It seems the US will be raising the debt limit again. But they can't keep doing this forever. At some point, the US will default and chaos will spread all around the world. Bitcoin will ultimately prevail because of its deflationary and decentralized nature. Some US politicians have recognized BTC's potential to change our world for the better. The cryptocurrency's popularity is too hard to ignore these days. We could say politicians that are against BTC will see their demise after Election Day. Only time will tell us whenever the US will fully embrace the revolution or be left behind in the dust.

I'd be surprised if the country backs its currency (USD) with BTC sometime in the future. It would solve many problems in the long run. Either way, I'm certain a US default would have a positive effect over crypto market prices in the future. Short-term speaking, prices will decline because markets are tied to the USD. We should take the opportunity to grab as much coins as we can at a discount. Who knows if people will end up ditching Fiat currencies for good? Just my opinion Smiley
1278  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking is not as trustless as it used to be on: May 28, 2023, 05:30:24 PM
There is nothing decentralized about Crypto, the way greed is destroying this space is very disturbing, the team and VCs hiding under the guise of decentralization by allocating 90% of the tokens among themselves, the funning thing is the community allocation, just ask yourself who the community are? POS is centralization and people seem okay with it and I have a feeling this is going to continue to get worse from here because what these people are doing is aligning themselves with the centralized government and protecting their own arse from government attack, they want to eat their cake and have it.

Yes. It's very unfortunate how things are turning out to be for the crypto industry. VCs, whales, and other investors with huge economic interests are not thinking about decentralization at all. They're only thinking on what's most convenient for them. This is bad because it will give governments the power to manipulate crypto assets at will. We could apply this to the vast majority of PoS coins on the market. ETH, BNB, and similar coins are ruined because they will end up in the hands of centralized exchanges and mainstream governments in the long run. Bitcoin is safe for now because it uses PoW as its consensus mechanism.

There are some old-fashioned PoS coins that have stayed true to their word by preserving decentralization and censorship-resistance. However, they're not as popular as their centralized counterparts. At least, it's better something than nothing. As long as people have a choice, nothing else matters. Just my thoughts Grin
1279  Alternate cryptocurrencies / Speculation (Altcoins) / Re: TAMADOGE to $1 soon? on: May 28, 2023, 05:25:30 PM
We'll see what happens to TAMA. If the token is indeed pumped, its price will increase. But seeing what has happened to many coin memes, it looks like TAMA can get a pump, especially if the altcoin season comes, where many coins and tokens will get a pump. That's where we will see which tokens and coins can increase.

It's great that you're investing in TAMA just for fun so we know you're only using the money you can afford. And you also already know what the risks are in investing in meme tokens. And looking at the existing chart, the current TAMA price is still below so if you want to give up some money to invest in TAMA, you can start now but don't get your hopes up because we don't know what will happen later.

The "meme" coin craze hasn't gone anywhere yet, so there's still a chance to buy coins at a discount before they "pump". I know the risks are high, but the rewards are quite lucrative if you know how to play your cards right. I've only invested my spare money into TAMA, so I've got nothing to lose. Let's see if it becomes as popular as Dogecoin or Shiba Inu soon. Tamadoge is a "meme" coin, so chances are it will disappear in the future if developers stop working on it. At least, it will be a fun ride for early adopters like myself. Who knows who'll be the next ones to hit the jackpot soon?  Roll Eyes
1280  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: May 28, 2023, 10:18:09 AM
Paid Smiley

Got it. Thank you so much DogecoinMachine and Crypto.Games team! Cheesy
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