Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.
Everything in this world has a lifespan. After all, nothing is guaranteed to last forever. While Bitcoin has been doing well 14 years since its inception, it could die for unknown reasons in the future. PoW mining won't stop until all coins are mined by 2100, so there's no need to worry about BTC becoming "extinct" during our lifetimes. If a better technology than Blockchain comes up before that, then it would be another story. Yet, Bitcoin is open source, so developers could easily adapt to the new tech if they want to. Bitcoin could be an "immortal" cryptocurrency, if that happens. How long will BTC last greatly depends on community support. As long as decentralization is preserved, nothing else matters. Just my opinion  |
|
|
|
Anonymity and privacy are always a struggle. I cannot have the fullness of them. There are things in which I could stay private or even anonymous. There are things in which I don't have a choice but to reveal my identity and some other personal details which I otherwise would have preferred to keep private. But, again, there's always that struggle to be as private and anonymous as possible. I am my own bank, but at the same time I also have an account in a private bank.
In today's world, it's difficult (if not, impossible) to remain 100% anonymous. Governments always have an "open eye" in ways that you've never imagined. From surveillance cams, to analyzing Internet traffic and bank-related transactions, a person simply cannot escape from the hands of the government. As far as crypto is concerned, governments are increasing their surveillance efforts to prevent as much people as possible from achieving privacy. It's no secret that KYC/AML rules are mandatory across centralized exchanges. Even some so-called decentralized exchanges (DEXs) are asking for ID verification documents. You'd only be limited to cash transactions in person or crypto-to-crypto trades through a DEX or P2P exchange. Be aware though, that some P2P exchanges are requiring users to verify their ID. With KYC all over the place, crypto cannot achieve its full potential. I'm afraid there's nothing we can do about it since governments are already in the game. It may not be possible to achieve true anonymity, but at least you won't attract unwanted attention if you follow the necessary safety precautions. As long as you keep a low profile when conducting crypto-related transactions, no one will be able to catch you. Just my thoughts  |
|
|
|
Do you buy crypto coins in 2021? If you bought the coins in 2021, it was the bullrun season. You must understand that it is time for crypto coins to increase their values significantly. Why you didn't sell your coins before 2021 ended?  Sure, there should be a chance for another bullrun season, but it seems not in 2023. I don't know why you think 2023 can be a bullish year, but you must know most people predict the bullish season will probably happen in 2024 - 2025. I wouldn't expect much from crypto right now, especially when there's a lot of negativism surrounding the industry. Many people are hoping 2024 will be bullish, but I'd take that with a grain of salt. If the global economy isn't restored by that time, don't expect prices to "pump" anytime soon. After all, investors won't be pouring money into crypto when everything is going downhill because of inflation. I'd expect the FED to keep raising interest rates, until inflation is reduced to 2%. Other countries may follow suit (especially those within the EU) to help strengthen their national currencies. We can't tell what will happen with crypto in the long run, because of its unpredictable nature. As long as you diversify your investment, you'll have nothing to worry about. Just my thoughts |
|
|
|
I am sorry if this hurts XRP fans and Armies on here
I think XRP will be useless in future because there won't be any need for it's existence, it won't be needed as a bridge to converting crypto coins or currencies once Fiat moves to CBDC finally. Think about it and if you think that I am wrong do drop your reason why.
The very threat to CBDC is XRP for me, not BTC.
You're right about that. Especially when XRP is a centralized coin that has no real use cases in the mainstream world. Once CBDCs are launched (especially the US Digital Dollar), you can say goodbye to XRP for good. I don't get why there are so many people supporting XRP, when it goes against what crypto/Blockchain tech established in the first place. Using XRP is like using a traditional bank in the Fiat world. It's simply not worth it. I'd say XLM is a better alternative because it's backed by the community. The cryptocurrency has the same design as XRP, except that it's focused on decentralization (sort of) more than anything else. People are free to choose which coin to invest into, so the market will ultimately decide how much XRP will be worth in the long run. As long as you don't put all of your eggs in a single basket, you'll have nothing to worry about. Just my opinion |
|
|
|
The Argentinean Peso and the Venezuelan bolivar have changed their value a lot, yet they're still currencies.
In 10 years or so, one Argentinean Peso went from being worth $1 to being worth one cent.
And the situation in Venezuela is even worse.
So, I think Bitcoin is pretty stable compared to that.
Bitcoin is a lot better than Fiat currencies because it can be used across borders and gives you complete control of your money. It has done well even with the decaying state of the global economy. If Bitcoin has reached this far, then it can do anything. I'd imagine people using it at a large scale worldwide pretty soon. The pioneer cryptocurrency is not a "world currency", simply because it isn't officially recognized by mainstream governments as such. But technically, it is. After all, anyone can use it anywhere as long as there's access to the Internet. This is only the beginning of the "Bitcoin Revolution" that will change our world for the better. Who knows if someday BTC beats Fiat currencies for good? Just my thoughts |
|
|
|
Proof of stake coins have been undervalued and overlooked for far too long. Back in the day, owning a few coins from projects like Navcoin, GRC, Pink, PIVX, etc., and keeping the wallet open was enough to earn passive income. It was that simple.
But now, the landscape of staking coins has shifted dramatically and become more centralized, which is unfortunate. But that doesn't mean there aren't any great options out there. In fact, I believe there are still some fantastic staking coins available in the market. As more and more people start to look for ways to earn passive income from their crypto holdings, the entire sector is going to experience massive growth.
Cosmos, Polkadot, and Tezos - which you mentioned - are great examples of the top staking coins right now. I did my own research and I can say that these coins are not only solid investments, but they also have some of the most active and engaged communities.
I think the crypto sector is way past the PoS hype, especially when there are too many PoS coins on the market. You can see why ETH's transition from PoW to PoS had little-to-no effect over the cryptocurrency's market price. Now that a US government agency decided to prosecute a crypto exchange by providing staking services to US-based customers, investors will steer clear from anything PoS-related as much as possible. One thing for sure is that PoS is not what it used to be in the early days. Back then, you could stake Peercoin, Blackcoin, and some other good-old coins in a decentralized manner by just running your own node at home. Nowadays, staking is done by delegating your funds to a third party (centralization). The aforementioned coins still exist, but they're highly-unpopular compared to new PoS coins such as ETH, ADA, BNB, and DOT. I guess investors prefer centralization more than anything else. As far as the next crypto craze is concerned, I'd say it's a wild guess. We can't tell for sure what will become popular in the crypto industry, especially when there's a lot of negativism surrounding it. The bear market is going to last for long, so I'd focus on accumulating as much coins as I can to build my way towards the top. Ultimately, what matters is decentralization. As long as decentralization wins, there should be nothing to worry about. Just my opinion |
|
|
|
sec has fined Kraken (one the top centralize exchange) for providing staking system which was against the rule of SEC. This news spread everywhere and Binance, coinbase and many exchanges now feeling fear that SEC next target may be these exchanges. This is very bad fir crypto and we have seen dump in crypto after this news.
I think Dex will be save there because This js totally decentralized system and Sec has no power it while Cex exchange should work under authority rules.
I don't think DEXs will be safe from the SEC's "hands", especially when most of them aren't as decentralized as they claim to be. Nowadays, it's easy to take down a DEX by censoring the domain or going after the developers of the project. The SEC might decide to fine the developers of a DEX if it deems its stakable coins as a security. You really can't avoid the government, unless you make everything truly decentralized and censorship-resistant. With the SEC penalizing Kraken for providing staking services to US-based customers, the crypto industry will be set towards a dark future (at least within the US). I'd imagine other exchanges like Coinbase and Binance being fined by the SEC later on. The US is being too strict against crypto/Blockchain tech, and that's going to cost it dearly in the long run. New crypto-related businesses and even existing ones will close their doors to US-based customers because of tight regulations. Countries in the EU have a much softer stance towards crypto/Blockchain tech (AFAIK) so it's likely innovation will blossom there. Unless US government officials rethink their way towards regulating crypto, the industry won't be going anywhere soon. Just my thoughts |
|
|
|
Sorry for a small delay, it's been paid No problem! Thanks again, guys!  |
|
|
|
Wow! Another raffle! You just keep giving and giving. That's very generous of you, krogoth...  #60 - Abiky Thanks |
|
|
|
It's not a rumor anymore. Kraken just got its staking service "shut down" by the SEC. More info on that here: https://www.coindesk.com/policy/2023/02/09/us-securities-and-exchange-commission-sues-kraken-over-crypto-staking-services/I'd imagine the SEC would require centralized exchanges operating in the US some license to be able to provide staking services to its customers. After all, staking is similar to getting paid dividends in the stocks world. These actions from another US government agency, tells us that the country is too restrictive against crypto/Blockchain tech. Too much regulation, drives crypto businesses away from the US. Expect to see more crypto exchanges closing their doors to US customers thanks to the government. They've banned a Bitcoin mixer, they've sanctioned a decentralized mixer built on ETH (Tornado.Cash), and now they're going after exchanges providing staking services. I wonder what will the US government come up with next? Just my opinion |
|
|
|
I was always a gem seeker, you know how it is with this low mcaps. They are x100, ×1000 or zero.
Since many years I invested in many coins, started with BTC and ETH like all of us and then some meme coins went with booming profits! Like Shiba and Doge for example.
Its clearly that in our days the MEME Coins have a great potential to make really good money in a bullmarket.
I am more of the guy that looks for some projects with limited supply, of course you cant find all of this in one project.
The question would be what is your favourite coin now? Which meme Coins do you guys invest in now?
Would be very interesting to know your opinion.
My favorite "meme" coin has always been Dogecoin. It's the oldest "meme" coin in existence with a strong community behind it. Unlike Shiba Inu, Dogecoin has its own Blockchain network that's been tried and tested over the years. Fees on DOGE are much lower than fees on Shiba Inu (SHIBA relies on ETH's gas fees after all). Yet for some reason, people are overhyped with the Shiba Inu token. Speaking of "meme" coins, there's one "meme" coin no one seems to mention. It's called Garlicoin, and to my surprise, the coin has a limited supply of only 69 million units. I believe the coin is extremely undervalued, as it's trading for $0.01 on the market. For such a limited supply, I think GRLC would've been worth at least $10. Anyhow, you'll never know when it will "explode" in price so it might not hurt mining or buying some coins to stack them up for the future. "Meme" coins are known to be widely unpredictable, so I'd suggest you never put your life savings into them to avoid huge losses in the long run.  |
|
|
|
The next person will also continue what Bukele has done if the next leader has felt such a good impact on his country through Bitcoin. And the next leader will not forget Bitcoin just like that when he sees better developments in his country after adopting Bitcoin.
So I don't think this will change in the next leader because the people of El Salvador have also agreed to this. After all, the residents there can also be used by trading via Bitcoin to circulate their capital and make a profit and that can be an additional job for the residents there.
It all depends on the benefits Bitcoin is able to provide to the country. If the new leader deems Bitcoin to be a good asset for the future of the country, then he/she will leave everything as is. Otherwise, you can say goodbye to the Bitcoin experiment for good. Last time I've checked, Bukele had a high approval rating even though many people in El Salvador were not happy with BTC as legal tender. It's likely President Bukele will stay in power for some time, so don't expect the government to abandon BTC anytime soon. I'm certain the move will attract a lot of tourists into the country, meaning more tax revenue in the long term. Adoption is low, but rising at a slow and steady phase. Who knows if El Salvador hits the "jackpot" within the next bull market? Just my thoughts |
|
|
|
If it was a question about something more long-term than a single year, I think it would be easier to pick a list of potential countries, based on those that are already exploring the crypto-friendly approach, but are doing it slowly and probably won't make Bitcoin legal tender this year. Predicting the next country is really hard, as decisions can be surprising, as it was with the Central African Republic, which doesn't really have enough Internet coverage for proper adoption IMO. I won't try guessing a country, but I think the region of Latin America has high prospects in this regard. The president of Argentina said in 2021 that he's open to the idea of Bitcoin as legal tender, and Brazil is already pretty close to BTC as legal tender as well. I think mainstream countries are waiting until BTC turns bullish to adopt it as legal tender. Especially those within Latin America. Don't expect developed countries to make the announcement anytime soon, especially when their economies are still going strong. Most of them are approving friendly legislation towards Bitcoin, but they're still skeptical about it due to its unstable nature. As I've said before, it's possible both Mexico and Brazil will become the next countries in adopting BTC as legal tender. This will be big, considering they're one of the major economies in the world. With Bitcoin getting the attention of mainstream governments, it's likely "hyperbitcoinization" will become a reality sometime in the future. Who knows if this is the beginning of the end for Fiat? Just my opinion |
|
|
|
I know there's already a thread on Ordinals in the Development & Technical Discussion board but it's more on the technical side of things. I guess it's interesting to hear what others have to say on what this latest development fundamentally entails or implies. There have been opposing views on this even among Bitcoin developers. Some would say this kind of non-financial transaction isn't what Bitcoin is designed for. Surely, however, somebody could just brush this off somehow putting Satoshi's original idea seemingly subservient to what the community currently wants to make of it. Ordinals' Rodarmor himself asserted that Bitcoin has already "transcended the intentions of its creator." [1]While a core developer dismissed this controversy as a non-issue, another core developer went as far as calling this an attack on Bitcoin itself. While somebody doesn't understand the fuss over something which is dumb and should simply be forgotten, even Adam Back, perhaps out of frustration, had to call it a "fair-game for miners to censor the crap as a form of discouragement." Of course, he had to retract it in the name of Bitcoin being censorship-resistant and permission-less. But even Rodamor himself had to also censor, at least from Ordinals' site, a lewd image inscription. [2] The launch of the Ordinals protocol even put into question whether Bitcoin's base layer should be left alone or be kept open for anybody to tinker with and develop. Some would even call for Bitcoin's ossification to protect it from features that have possible negative repercussions. And then there's also the issue of fungibility considering that a Satoshi assigned with a unique inscription such as an image or even a video is no longer the same with the rest. What is your opinion on this? Are you in favor of this or not?
[1] https://www.coindesk.com/tech/2023/01/31/bitcoin-community-erupts-in-existential-debate-over-nft-project-ordinals/[2] https://cointelegraph.com/news/bitcoin-ordinals-creators-look-for-fix-after-first-instance-of-shock-pornI think it's a bad idea to use the main Bitcoin blockchain for anything other than finance applications. It will clog up the network until fees skyrocket like crazy. NFTs will make matters worse, especially when anyone can get a copy of a JPEG image online just to put it on the Blockchain. The rate of which new NFTs are added on-chain, could make Bitcoin unusable in the long run. What was the creator of Ordinals thinking? Wasn't it best to build the protocol using an off-chain scaling solution like the Lightning Network? It would've helped prevent Blockchain bloat with too many NFT transactions. Not to mention, it puts Bitcoin's security at risk. There's a reason why BTC was meant to be used solely for finance. Not as an "all-in-one" platform for dApps, NFTs, and tokens (like it's the case with Ethereum and BNB). As a result of mass adoption from Ordinals NFTs, Bitcoin's on-chain fees increased a little. Let's see how everything will turn out to be in the long run, when more NFTs are added to the chain. Hopefully, BTC Core developers will find a solution to keep the cryptocurrency as decentralized and cost-effective to anyone as possible. Just my thoughts |
|
|
|
According to the latest news, the next 2 updates turns Shiba Inu into privacy coin: - The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
- The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing? Never heard about it. But if the rumors are true, then you can bet SHIBA's price will increase for a short period of time. I honestly don't think how developers are going to add privacy features to Shiba Inu itself, especially when it's a token (smart contract) built on the Ethereum blockchain. The only thing I can think of is forking a mixer contract like Tornado.Cash for users to "anonymize" their SHIBA tokens. Adding ZK-Proofs capability into the SHIBA smart contract itself will be a tough one, especially when gas fees on the ETH blockchain are extremely high. It wouldn't be a good idea to make SHIBA a privacy-focused coin, as that would lead most exchanges to de-list it. After all, privacy goes against KYC/AML rules for which centralized exchanges are required to comply. Because SHIBA would lose a lot by becoming a privacy coin, it would be best for third-party apps to do the job. The Bermuda dApp does a similar function to Bitcoin's "Samourai" wallet, without actually requiring a change in the cryptocurrency's code. It's much easier and doesn't inflict blame directly into the cryptocurrency itself. Governments are taking a stricter approach towards crypto/Blockchain tech, so we'll see how this plays out in the long run. Just my thoughts |
|
|
|
Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
The only proven way to grow your money is by investing it into something that will generate large returns in the long run (or at least maintain its value over time). That's because inflation reduces your purchasing power over time. It has increased considerably since the start of the COVID-19 pandemic, so people who saved money back then basically lost their time. Your best bet would be to "save" that money into either Bitcoin or Gold for complete peace of mind. I'd recommend taking advantage of both assets/commodities for diversification purposes. Even though central banks around the world have taken tough measures against inflation (especially The FED), things are relatively the same these days. So don't expect inflation to go back to pre-pandemic levels anytime soon. Just spend your money wisely, and you'll have nothing to worry about. Just my opinion |
|
|
|
It's notable that Matic is one of the most pumped coins in every market pump. Alongside with the news, we should consider some facts:
1- Although we are in a bear market, Matic is now the 5th Blockchain protocol in TVL (Total Value Locked).
2- Matic is one of the best assets with regards to development activities in the past two years.
The project development seems to be going on. That proves the team are serious, unlike a lot of projects with high market caps that stopped or slowed down the development of their products.
These metrics tells us there's more to MATIC "than meets the eye". I'm pretty sure this coin will "explode" in price after the next bull market. It might rise all the way to the top 5 ranks in market cap someday. If Solana went to around $200 per coin (even though it's an extremely-centralized and flawed chain), then Polygon (MATIC) could easily hit $20 per coin. Early holders of the coin like myself would become filthy rich if that happens. The cryptocurrency is still trading within the $1 range, so why not take the opportunity to grow your stack of coins for the future? Depending on how popular MATIC gets, it's possible it could displace Solana as the leading chain for NFTs. Only then, it will compete with BNB as the third-biggest smart contract platform in the world. It won't compete with ETH directly, especially when Polygon relies on the ETH blockchain for security (sort of like a sidechain). With blazing-fast speeds and low gas fees, MATIC has everything it needs to reach mass adoption worldwide. Who knows how far will the cryptocurrency go? Just my thoughts |
|
|
|
I think no one has ever mention the variety of altcoins vs bitcoin here. A person can create a Bitcoin wallet online and store only one cryptocurrency there. When a person can create BSC or ETH wallet online and store thousands of different altcoins there. A person has more options for investment, he is more flexible. A person hear about profitability of Bitcoin and he is not surprised already. But when he hears how might profitable a new altcoin is, he is more concerned about making an investment. Because he wants to be among first to invest, an early investor, to try to buy at low price. With Bitcoin you can be first one to mine or invest, first one to hold already.
That's certainly true, mate. There are a plethora of altcoins to choose from, each with their own unique features and economic model. You can earn a lot more profits with altcoins than Bitcoin if you know how to play your cards right. After all, altcoins are proven to be much more volatile than Bitcoin at times. Most people join the altcoin craze with the hopes of becoming rich quick. Since they've missed the Bitcoin train, they see altcoins as an opportunity to achieve large profits in the long run. Not to mention, there are some altcoins that airdrop "free coins" to users of an existing chain (like it was the case with the Bitcoin Cash hard fork). While altcoin rewards are high, the risks of loss are higher too. You'd need to establish a balance between investing in altcoins and Bitcoin itself for complete peace of mind. If you know what you're doing, altcoins are for you. Otherwise, I'd suggest you only focus on Bitcoin as it's the one cryptocurrency that started it all. Who knows if 99.9% of altcoins die in the future, while BTC remains the "only kid in town"? Just my opinion |
|
|
|
Chances are high that the market will collapse if that so. Indeed there are other cryptoinvestments to choose from but problem is the bottomline. But if would look at it at the present, then market prices would show how dependent they are with Bitcoin's market price; an increase would be helpful for times convenient to people. Even if there are options, problems may still arise. Dependency would somehow kill other cryptoinvestment options, leaving investors no other way but to exit from this industry. But as long as popularity exist, demand will still be present which would make this scenery impossible. Let us just hope that this technology's potential won't drop in a sudden.
The market will collapse simply because all cryptocurrencies depend on Bitcoin to survive. It's the reserve currency of the market after all. While I don't envision BTC falling to zero anytime soon, we should be prepared for the worst just in case. For what I know, nothing lasts forever. Either a new technology replaces Blockchain in the future, or Bitcoin dies due to an unanimous effort from mainstream governments to ban its usage for good. We're talking about decades before something like this happens. The last BTC will be mined by 2100, so we have plenty of time to enjoy it during our lifetimes. Remember, diversifying your investment is the key to minimizing as much risks of loss as possible. As long as you don't put all of your eggs in one basket, you'll have nothing to worry about. Just my thoughts |
|
|
|
I agree that privacy coins are getting more popularity these days, but what I don't understand why there are no new players in this niche. I'm waiting for a bigger variety of strong privacy coins to have a wider choice.
There are no new players focusing on privacy, simply because developers are afraid from being prosecuted by the government. This is not the same as the early days in crypto where regulations were little-to-non existent. Now KYC is mandatory across all centralized exchanges, so it will be hard to keep a privacy coin "private" without exposing the user's identity. Not only that, but the US government has been known to target mixers due to "money laundering" concerns. That same narrative could be used for privacy coins such as Monero and Zcash to stifle mainstream adoption for good. You can see why cryptocurrencies with transparent blockchain ledgers like Bitcoin and Ethereum are rising, while privacy coins like the ones mentioned before are going all the way down the drain. I seriously doubt Elon Musk will promote a privacy coin someday with his tweets, especially when all he cares about is money. DOGE is the only coin he'll support because of its transparency and inexpensiveness. It's a coin that can be easily manipulated. Who cares about Elon Musk anyways? As long as crypto works as intended, nothing else matters. Just my opinion |
|
|
|
|
Show Posts
