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1281  Alternate cryptocurrencies / Altcoin Discussion / Re: Shiba Inu turns into privacy coin like Monero or ZCash? on: May 26, 2023, 03:07:10 PM
While Shiba Inu may have a large circulating supply and lack its own dedicated blockchain network, it's essential to recognize that cryptocurrencies can serve different purposes. Some coins aim to provide innovative technologies or solve specific problems, while others may focus on community engagement and meme-inspired branding.

That is true. But there are so many cryptocurrencies out there which serve nearly the exact same purpose as SHIBA INU. If one "meme" coin wasn't enough, imagine hundreds or thousands of them. I'm not saying that SHIBA won't have a future, but rather that the coin is more of the same. If SHIBA developers keep innovating, then I don't see why it shouldn't go to the moon in the first place.

For what I know, the new privacy feature is just a rumor. There hasn't been any intentions from developers to make this a reality soon. It's best to leave everything as is for the good of the project. Adding privacy features for SHIBA would force CEXs to de-list the cryptocurrency. It will await the same fate as Monero and Zcash. No one can predict the future, so let's hope for the best. Just my opinion Smiley
1282  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: May 26, 2023, 12:55:02 PM
Probably slightly more then with erc20 or bep20 tokens. As those are even easier to make, you don't need even images to attach to them. I consider NFTs basically as shitcoins or memecoins with pictures. At least with those you can play with more visuals. Having a million pepe coins seems less visully entertaining then having 100 different pepe nfts. Even though you don't own the pictures, just tokens linked to them.

You can never own an NFT, especially when its data is stored on a centralized server. Maybe that's not the case with Ordinals inscriptions (BRC-20)? I don't get why there's a lot of hype surrounding NFTs, when they could easily fade into oblivion. They're not something you can touch or truly own like a physical collectible.

I know Blockchain is the future, but it's not meant to be used for everything. There are millions of NFTs that could bloat popular Blockchain networks if they become a big hit. BTC experienced high fees because of this, as well as, ETH itself. Moving data into a decentralized cloud storage solution may not be enough to improve NFTs as a whole. This is just starting to blossom, so I'd give more time to see what happens. Just my thoughts Grin
1283  Bitcoin / Bitcoin Discussion / Re: Do you feel bad while paying with BTC? on: May 26, 2023, 12:50:45 PM
Fully agree with you! It's a tragedy what is happening to Bitcoin right now and it's even sadder to see that our community is promoting this narrative that simply destroys the idea of Bitcoin.
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.

And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.

But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!

Bitcoin being used as an investment than a currency is more beneficial to the government than all the other way around. Would you imagine people using it as a currency at a large scale? That would mean the end of Fiat currencies for good. And that's something the government doesn't want because it will remove their ability to take control over people's financial life. Don't expect things to change anytime soon, unless Fiat dies for good.

With the world stuck to the Fiat standard, volatility can't be avoided. BTC will continue to experience "ups and downs" during the course of its lifetime. At least, you're free to use it the way you want to. Adoption for the cryptocurrency is growing by the day, so it should only be a matter of time before it takes the world by storm. Just my opinion Smiley
1284  Alternate cryptocurrencies / Altcoin Discussion / Re: Government's actions against crypto on: May 26, 2023, 12:45:25 PM
Correct. the cryptocurrency market faces increasing challenges from time to time and if I look at the developments from the news media that Bank of America predicts limited profits and the US Treasury is exploring potential payment delays. With fading confidence, limited catalysts, and comparisons to previous years' performance, the future of cryptocurrencies hangs in the balance, leaving investors and enthusiasts eagerly awaiting the next turn of events.

The digital currency landscape is entering an important phase. Will it be a temporary setback or turning point in the trajectory of the digital financial system? Only time will tell what the answers lie in this captivating field of innovation and uncertainty.

The US will do everything in its power to protect the USD's status as the reserve currency of the world. It's said that some countries' decision to move away from the USD has led the US government to take hostile action against the crypto industry. That, and also the fact that the FTX collapse made many politicians furious. Don't be surprised if other governments do the same to reduce crypto's dominance over the mainstream economy. After all, they don't want something decentralized to empower people to be their own bank.

This will be an ever-lasting battle between governments, banks, and crypto alike. We need to preserve decentralization and censorship-resistance at all costs. Only then, crypto will be able to survive a lifetime. Who knows if it ultimately beats Fiat for good? Just my thoughts Grin
1285  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Shiba Inu still worth it? on: May 26, 2023, 12:40:08 PM
If you are not a fan of risking your investment, better not to invest in this kind of project.

I see your point and that's true. Investors are moving away from Shiba as they are seeing no progress in market value, though
there are still some who continue believing that there's still chance and still buying and holding.

Trusting meme projects is more on risking your investment and trying to be lucky and take some chunks of profits when
a good pump back happens.

Forget Shiba Inu. The new PEPE "meme" coin is where the money is. Many foolish investors are buying this coin like crazy, effectively "pumping" its price all the way to the moon. It's a "meme" coin like SHIBA, so I don't get what the hype is all about. This tells you "meme" coins are nothing more than "pumps and dumps" meant to be a playground for whales to make a lot of money in an instant. But at the end of the day, they're just worthless coins with no substance behind them.

As you've said before, only those willing to risk their investment will add SHIBA or any other "meme" coin to their portfolio. The rewards are high, but the risk is also higher. I'd stick around with Bitcoin because it holds a very promising future. Who knows if SHIBA becomes history someday? Just my thoughts Grin
1286  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth staking stablecoins? on: May 25, 2023, 01:33:02 PM
This is just my opinion, isn't it better to stake a stablecoin on a centralized exchange? because some of the good ones here are Binance and Coinbase.

Because here in binance, when you stake USDT, it gives 5% interest in a 6-months duration period of time, while in coinbase it is 4% for 3 months. Because if you want to do staking in Defi, as far as I know, the percentage of profit given is low whether it is usdt or usdc.

But you still have a choice if you want to stake your stablecoins, this is the link
https://koinly.io/blog/best-staking-platforms/

Rates on centralized staking platforms are pretty good. But there's always the risk of getting your funds seized or frozen for no reason (government intervention, exchange running away with the money, etc). Not your keys, not your coins. If only centralized exchanges had some type of insurance that would protect investors' holdings, then I'd have no problem using them to stake my stablecoins.

It seems my only options are staking through "De-Fi" platforms for complete peace of mind. Both Uniswap (Liquidity Pools) and Aave have brought my attention with their decent APY. They're tried-and-tested "De-Fi" protocols so nothing should go wrong. Fingers crossed stablecoins won't go to $0 overnight because of an unexpected event. Just my two sats. Smiley
1287  Bitcoin / Bitcoin Discussion / Re: Do you think China is playing a double game? on: May 25, 2023, 01:25:56 PM
There is a saying that China has no friends, China has interests.
It means that the Chinese government always acts on the basis of benefits. In the case of bitcoins, at first they were afraid that this process is uncontrollable and potentially threatens to collapse all financial institutions of the world, the current economic situation. But later they realized that they wanted to manage such a process, created a digital yuan. I think everything will come down to the fact that he will not be close in ideas to bitcoin anyway. Bitcoin is freedom and transparency. And the government (especially China) will not allow this.
Remember how they controlled the lockdowns.

Of course they do. They're not that stupid. Even their alleged alliance with Russia is fake. China may be doing this for its own benefit. The same thing can be said about its apparent adoption of crypto/Blockchain tech through Hong Kong. They will allow investors to pour money into Blockchain startups and companies in HK, but they won't allow people to use crypto for their own benefit. Otherwise, that would mean China is letting people enjoy true financial freedom.

I think the UAE (especially Dubai) will become the next epicenter of the crypto/Blockchain industry soon. Many companies already announced their intentions to move there. Money talks, so time will tell us which country will benefit the most out of this craze. Who knows where the crypto industry will be heading in the long run? Just my opinion Smiley
1288  Economy / Economics / Re: US Debt Default: Good or bad for crypto? on: May 25, 2023, 01:02:24 PM
It is good and bad at the same time.
It is bad because in the case of an actual default by the government of the United States, there is no way the local and the global markets will stay unchanged to such unprecedented news, so I would expect the price of Bitcoin and other crypto currencies to go down in the short term.

On the other hand, those who were a bit skeptical on Bitcoin and decentralization may start to see why such things are important, in the current economy, Bitcoin cannot default because it is a networks about debit and those network which allow debt through smarth contracts mostly work on over-collateral and not on printing money out no where.

Prices will inevitably dip because they are tied to the USD. But knowing that BTC is deflationary by design, the effects will be shortlived. I think a US default would be a huge opportunity for investors to buy crypto at a discount. The majority of the people will think crypto is dying because of their inexperience in the industry. But crypto veterans like myself know there's more to crypto than "meets the eye".

Whenever the US raises the debt ceiling or not, we cannot deny that the American economy is in a very bad shape. It could be in a point where there's no room for recovery. With the de-dollarization process already in effect, we can expect anything in the future. Maybe this will serve as a cataclysm for crypto to reach new ATHs? I wouldn't be surprised if BTC goes to $1m because of this. We cannot predict the future, so let's hope for the best. Just my thoughts Grin
1289  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking is not as trustless as it used to be on: May 25, 2023, 12:41:09 PM
It's indeed a lamentable evolution that the promise of trustless staking in PoS systems seems to be eroding, replaced by these centralized validators. From a purely technical standpoint, this does shift the crypto landscape towards a pseudo-traditional banking model. The original appeal of crypto was the prospect of disrupting and redefining how value is stored and transacted. However, as with most developments, the implementation often does not align with the theoretical ideals.

The necessity of validators in PoS systems has been a technical compromise to address the issue of scalability and energy consumption found in PoW systems. Validators or staking pools also help smaller investors to participate in the staking and earning process. However, this doesn't necessarily condemn PoS to a future of centralization. Blockchain projects are tirelessly working towards innovative solutions. The introduction of sharding in Ethereum 2.0 and parachains in Polkadot are examples of this. There's a silver lining here; the sector is young, and the opportunity for evolution remains ripe.

Developers are making PoS cryptocurrencies similar to banks. By trusting a validator, you're trusting a third-party with your funds. Wasn't crypto meant to remove the middleman? I know there are some old coins around that can be staked in a trustless manner, but they're not as popular as their centralized counterparts. They're often low-valued and forgotten by the vast majority of traders and investors alike. You can see why good projects like Peercoin and Blackcoin aren't even mentioned anymore.

This is good for the government, because the increasing centralization of PoS coins will give them the ability to do anything they want against the revolution without any obstacles. They can simply target centralized exchanges and/or centralized staking pools to take down (or manipulate) the cryptocurrency of their preference for good. It's a dark future PoS is heading into, and there's nothing we can do about it. Sad


I still work on the good old PoS although under a new project name. At some point a leasing mechanism was added, but it's truthly optional. Right now a 5th upgrade of the protocol is being researched. You can check out the thread where BlackCoin was originally announced: https://bitcointalk.org/index.php?topic=469640.0

Pretty cool. I'm excited to know there's still someone working on good-old fashioned PoS to help preserve decentralization and censorship-resistance. I was heavily invested in Blackcoin within my early days of crypto, but I've switched to other coins after BLK went all the way down the drain in market price. This cryptocurrency, alongside Peercoin (PPC), Diamond (DMD), and Magi (XMG) are my favorites. Can't wait to see what's next in store for the rewamped version of the Blackcoin project. Smiley
1290  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which are the best crypto mixers of 2023? on: May 25, 2023, 12:37:00 PM
What kind of mixers are you looking for exactly?

Altcoin or Bitcoin mixers?

As for Bitcoin mixer, I think I would opt for one which was launched as early as 2016, even way before chipmixer and that is [banned mixer]. The problem with them is slow customer support in case of technical issues, but I think they can be trusted. Most new bitcoin mixers are pretty impressive, but time will tell if their reputation will be good.

I'm more into Bitcoin mixers than altcoin mixers. But any will do just fine. They're becoming a rarity these days ever since mainstream governments began shutting them down for good.

We need more non-custodial (decentralized) mixers for Bitcoin if we want people to enjoy privacy on their utmost sensitive transactions. There was a project called Tumblebit, but it was abandoned by developers. Maybe they'll bring something similar to the community in the future?


When it comes to finding the best Bitcoin mixer, it really depends on what you prioritize. Some people might argue that the best mixer is the one with the highest security rate, while others might prioritize lower fees. It's all about personal preference. If you are looking for a comprehensive list of current Bitcoin mixers and their basic characteristics, I recommend checking out this thread: 2023 List Bitcoin Mixers Bitcoin Tumblers Websites

This is just what I've needed. Thanks for sharing the list, mate. In times where governments are increasing their surveillance techniques, you can never go wrong by using a mixer to help protect your privacy and financial freedom.

I prefer mixing my BTC than switching to a privacy-oriented altcoin which has very little merchant support. It's likely centralized mixers will die as governments take them down for good. Only non-custodial (decentralized) mixers will survive. Who knows how the future will look like for the crypto industry as a whole? Smiley
1291  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: May 24, 2023, 06:01:24 PM
As for how long it will take for paper money to be phased out, this is difficult to predict and will likely depend on a range of factors, including consumer preferences, technological developments, and government policies. Some countries have already made significant progress in reducing cash usage, while others continue to rely heavily on paper money.

The COVID-19 pandemic and the Russo-Ukraine war has set us back for a few years. It's going to take quite a long time before CBDCs are developed and tested for mainstream use. Even after launch, governments would need to get people to accept the new digital cash system. Paper money will probably be with us for a few decades before CBDCs take over the world by storm. We'd probably be dead before this happens.

I don't want to live in a world where governments take control of everything with their new digital cash system. This cannot be avoided due to the inception of Blockchain tech in 2009. If Bitcoin wasn't born in the first place, then CBDCs wouldn't had gone through the minds of central banks and governments alike. Who knows if we're heading towards a darker future? Just my opinion Smiley
1292  Alternate cryptocurrencies / Altcoin Discussion / Re: Can NFTs last forever? on: May 24, 2023, 05:57:04 PM
Forever in this instance I feel should be moderated to the longevity of the internet. As long the internet, the world wide web and satellite and antenna and mast for network or internet service is still up running and functional, NFTs should last that long.

Why I say so is because NFTs are like digital stamps or etchings that is difficult to erase. Ever heard the saying that the internet never forgets? I guess that's where or how the brains behind the NFT had in mind when they created the idea.

That would be true if the whole NFT is stored on the Blockchain. But we all know that's not the case with most NFTs being sold on the market today. They have data stored on centralized servers that could disappear in an instant. Data doesn't need to be stored on a Blockchain, but rather on a separate network that would serve as a decentralized (or rather distributed) cloud storage system. Something like IPFS or Arweave would do the trick. How long will the craze last is a wild guess.

NFTs could be preserved for generations but if the hype dies, they could be worth nothing in the long run. At least, NFTs are a "fun experiment" meant to test the Blockchain's capabilities. If successful, they could replace physical items as we know them. Who knows what the future will bring to our society? Just my thoughts Grin
1293  Alternate cryptocurrencies / Altcoin Discussion / Re: POLYGON as a national currency. on: May 24, 2023, 05:50:19 PM
The volatility is the reason. People need something that has stable value in real life and that's fiat money. It's no brain to call that a volatile asset to replace national currency.

If polygon will be dumped like luna and i guess there will be many new poor people. I can't even imagine how can people think if that can be done easily. It's a non sense idea to be implemented right now.

Polygon is much more volatile than Bitcoin, so the odds of being adopted as a national currency are slim. It's an altcoin anyways. The original project (Bitcoin) is much more stable, decentralized, and reliable for day-to-day payments. It has a greater chance of being adopted as a national currency than Polygon (MATIC) itself.

I believe BTC will ultimately rule the world as Fiat currencies become a thing of the past (due to inflation, government overspending, etc). Altcoins like Polygon and Ethereum will become "second-class options" that people will use as a last resort when BTC becomes heavily congested. I'm fine with that as long as decentralization and censorship-resistance wins. Who knows what would be of Polygon decades from now? Just my opinion Smiley
1294  Alternate cryptocurrencies / Altcoin Discussion / Re: New coin - PEPE on: May 24, 2023, 05:41:00 PM
If we are going there, do altcoins matter more? When some coins have made up solutions that doesn't need a blockchain i feel that those are way more dishonest and bad for the crypto scene then random meme tokens.

Meme tokens are honest and no one takes them seriously. They are not selling snake oil and say that banks, health industry and governments are going to be replaced by them. They are just for having fun and gamble with markets.

If something needs more light, it's the shady projects that are lying so that people think they are needed and they are relevant. Those are the real bad actors that are sabotaging any credibility this field has.

Either way, "meme" coins have done well in helping introduce people into the world of crypto. Their inexpensiveness makes them a highly-attractive investment for newcomers into crypto. You can have fun with them "without breaking the bank". It seems like PEPE is the "new kid in town" quickly taking the world by storm. You can take advantage of the "pump" to make some short term profits along the way.

I'd never recommend investing into PEPE and similar coins for the long term because of their infinitely expanding supply. Everything is decentralized and open source these days, so I don't see why "meme" coins shouldn't exist in the first place. Who knows if this will make the industry stronger in the long run? Just my thoughts Grin
1295  Economy / Speculation / Re: What happens next if Bitcoin drops to zero? on: May 24, 2023, 05:36:06 PM
Experience and knowledge have taught us patience when dealing with market volatility. Bitcoin is an asset that can still fundamentally thrive in its use cases as a means of payment, but of course not everyone can ignore the potential for eventual technical failure.

Bitcoin will only become 0 or worthless when all governments agree to ban all trading or there is a technical failure. The ordinal case becomes a new problem for cases of using bitcoin as a means of payment to a certain extent, this is due to very high transaction fees. In the end it is possible to become 0 and then bitcoin will be replaced by another, better asset. Was that the expected conclusion? I don't overfeed him.

Gold never went to $0, so why should Bitcoin go all the way down the drain? The only ones who want BTC to lose its value are none other than haters and/or people who've missed the train. The rest of us want BTC to keep going all the way to the moon. It's never going to happen unless there's a full-scale nuclear war (WW3) or the Internet is shut down forever. I'd say the odds of Bitcoin losing its value are pretty slim. Some governments are adopting BTC as legal tender, so BTC will only go up in price within the not-so-distant future.

The question is: Are you accumulating BTC to prepare yourself for the "big pump"? The cryptocurrency is predicted to hit a new ATH soon, so I'd suggest you take this opportunity to buy coins at a discount before everything goes back up again. Who knows if BTC beats Fiat currencies someday? Just my opinion Smiley
1296  Alternate cryptocurrencies / Altcoin Discussion / Staking is not as trustless as it used to be on: May 23, 2023, 03:30:07 PM
I remember the good-old days where you could stake coins like Peercoin and Blackcoin on your own node in a decentralized (trustless) manner. After ETH announced its intentions to become a PoS coin, those days are over. Most PoS coins require you to "lend" your coins to a validator or third-party for you to start earning income right away. ETH, Polkadot, Polygon, and many others now work this way. Isn't crypto's intended purpose to eliminate the middleman? By requiring trust in a PoS system, you're bringing back centralized banking to crypto. Money talks, so don't expect this to change anytime soon.

Do you think there's hope for PoS to become decentralized again? If not, why? Can we blame governments and VCs for the path PoS has taken lately? Your input will be greatly appreciated. Thanks. Smiley
1297  Alternate cryptocurrencies / Service Discussion (Altcoins) / Which are the best crypto mixers of 2023? on: May 23, 2023, 03:21:24 PM
ChipMixer was among the best (if not the best) crypto mixers in the world. It was shut down by the authorities easily because of its centralized design. I've stumbled across Tornado.Cash, but it got sanctioned by the US. I know there are "clones" of this mixer, but I'm not sure how trustworthy they are.

Things change quite fast in the crypto space, so I was wondering if there are any new mixers that are worth the shot (either centralized or decentralized). Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. Smiley
1298  Economy / Economics / US Debt Default: Good or bad for crypto? on: May 23, 2023, 03:15:47 PM
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.

What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you. Smiley
1299  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Tornado.Cash Sanctioned by the US on: May 23, 2023, 11:05:12 AM
Well some more bad news for crypto mixer Tornado cash. It was hacked and hacker has made a proposal to undo his attack. The hacker wants the governance and decisions to be made by token holders. But there is some mixed views about this.

https://bitcoinist.com/hackers-exploit-sanctioned-mixer-tornado-cash/

Smart contracts are often hacked, so this is no surprise to me. But it's a good thing the hacker wants to undo the attack and make token holders whole again. This attack will only make the protocol stronger in the long run. That is if developers are willing to continue working on the project. They must be very cautious now that Tornado.Cash has been sanctioned by the US. Any interaction with the mixer would raise a red flag immediately.

It's a wild and crazy world out there, so we should expect the worst for crypto mixers in the long run. At least, we've got plenty of options to choose from. Who knows how long will Tornado.Cash last? Just my opinion Smiley
1300  Alternate cryptocurrencies / Speculation (Altcoins) / Re: TAMADOGE to $1 soon? on: May 23, 2023, 11:02:24 AM
Looks like time has answered your prediction. TAMADOGE has not reached $1 USD So far, and I don't think that will happen.
looking at the chart it looks like TAMA is a token that is pumped then discarded

It's going to take a long time before that happens. "Meme" coins are one of the "hottest" trends in the crypto/Blockchain space, so $1 per TAMA is possible. Things would speed up a bit if developers started burning tokens or reducing the network supply. I'm in no hurry to see this happen, as long as the coin itself delivers as promised.

What I like the most about this coin is that you can easily earn some "spare cash" by playing Tamadoge's own P2E (Play to Earn) game. Shiba Inu doesn't have anything like it (as far as I know). I've invested a few ETH on TAMA just for the fun of it. If this coin "explodes", I'd probably strike it rich. No one can predict the future, so we can only hope for the best. Wink
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