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1821  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Doge can it go 1$ on: January 21, 2023, 01:32:07 AM
The problem with doge is the block rewards, they never go down.  It continually pays out 10k doge every minute on average.  Supply just continues to grow and I'm not sure if they will have the same demand as they had last bull run.  Everyone is bag holding right now.

Exactly. The supply was designed to grow constantly over time. Making Dogecoin deflationary would solve this problem. I've read some rumors about DOGE devs considering switching to PoS in the future. If they do that, then it's likely they'll reduce the coin's total supply and block reward with the hard fork. Only then, Dogecoin will be able to hit $1 and maintain such price for a long time. Right now the hype has faded, so don't count on the "meme" coin going to $1 anytime soon. Who knows how much DOGE will be worth in the future? Just my opinion Smiley
1822  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: January 21, 2023, 01:27:20 AM
Everybody will adopt the CBDC though. And if everyone will do, so are the lowest people in society because thier employers will eventually send thier wages in digital currency. Businesses will not be able to get customers when most of them can only pay in digital currency. This is how it's going to be adopted everywhere and it may take years probably more than one generation in some countries.

Banks will cooperate in a way to gradually stop the circulation of papers.

Of course banks will cooperate. Especially when CBDCs brings a lot more benefits than paper money. Governments are going to have to force the use of digital currencies just to get rid of paper money for good. No one knows when this will happen, since there's still a lot of people using cash for day-to-day payments. As I've said before, this is a process that could take decades. We already have decentralized cryptocurrencies and even stablecoins (although many are centralized), so why wait until CBDCs are released?

If we use stablecoins now, we will become early adopters of CBDCs in the future. The world is changing at a quick pace, so I wouldn't be surprised if the process of phasing out paper money is accelerated just to keep up with governments' agenda of a "New World Order". Who knows what surprises we'll find in the long run? Just my thoughts Grin
1823  Alternate cryptocurrencies / Altcoin Discussion / Re: How Are You Preparing For 2023? on: January 21, 2023, 01:22:02 AM
It can pump anytime, even scam tokens are being pumped hard if the whales decided it.  Honestly I am in for a riskier investment, I intend to buy some shitcoins that has some potential to be pumped hard.  I decided to put some "moon or nothing" shitcoins to my portfolio, just an acceptable amount that I won't care if I lost in this kind of venture.  I also have BTC (about 40% of my portfolio) and the rest shared the remaining percentage, Matic, ADA, TRX, BNB, and some shitcoins.

Any coin or token that's extremely hyped, could experience large "pumps" within a short period of time. I wouldn't advise to go all in, except if you truly know what you're doing. 2023 is the year of accumulation, especially when the crypto industry is experiencing the aftermath of the FTX collapse and other companies going bankrupt. This is going to be a very long crypto winter, where your investment will be put up to the test. Strong hands will keep buying and "hodling" regardless of market prices, but weak hands will panic sell. It's only a matter of determining which side are you on.

If you believe in crypto/Blockchain tech, then you will keep investing no matter what. But if you think this is over, then you're better off selling your holdings to someone else. Just play your cards right, and you'll have nothing to worry about. Just my opinion Smiley
1824  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: January 21, 2023, 01:17:13 AM
In all means El Salvador is trying to keep its growth and provide stage for bitcoin. Maybe in the future El Salvador flag will have bitcoin. In all possible means El Salvador is doing the best to prioritize bitcoin. Some say the country have failed, but the reality is they're with the fighting spirit. Now tourism have experienced success, slowly one by one other sectors too will progress. The small move by the fashion industry to have bitcoin staged too can cause a turn.

El Salvador has been doing a pretty good job promoting the use of Bitcoin within its borders. Not only that, but it's also helping BTC reach mainstream adoption worldwide with its tactics. I'm pretty sure the country will become the biggest Bitcoin hub in the world within a few years from now. It hasn't failed simply because it hasn't sold any BTC yet. You can't lose if you don't sell. The government just keeps buying and accumulating BTC to increase its chances of profit in the future.

If President Bukele stays in power, it's likely El Salvador will become a very rich country in the long term. With Bitcoin-backed (geothermal mining) government bonds, and now a Miss Universe model from El Salvador promoting Bitcoin, I wonder what will come up next? Just my thoughts Grin
1825  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana takes back top 10 position on: January 20, 2023, 11:02:31 AM
Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long. Just because it's among the top 10 ranks in market cap, doesn't mean it's worth the investment. Market cap is just the calculation of the coin's total circulating supply multiplied by the current market price. What really matters is the project's real use cases to the mainstream world.

So far, it's been driven by hype instead of delivering concrete results to the public. There has been so many network outages in the past, which greatly damages Solana's reputation. With the FTX collapse, SOL will lose traction in the long run (especially when FTX was a major investor of the coin). There are far better alternatives that are much more reliable and decentralized than Solana. Instead of focusing on Solana, why don't you take a look at Cardano or Polygon instead? Just my thoughts Grin
1826  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Polygon network going to be an alternative to BSC network? on: January 20, 2023, 10:57:42 AM
Polygon looks more decentralized than Binance Smart Chain. Polygon cannot compete with Ethereum because it is part of its ecosystem. The more success Polygon has, the more success Ethereum has. Binance Smart Chain is a fully centralized blockchain with 21 centralized validators.

Even though Binance Smart Chain is centralized, it's still a better option than Solana. The latter is not only more centralized than both Polygon and BSC, but also flawed by design. Considering that BNB (the native token of BSC) has the backing of the world's biggest crypto exchange (Binance), you can rest assured it won't be going away anytime soon. It will keep growing until it becomes a "force to reckon with".

But if I had to choose between BSC and Polygon, I'd choose the latter due to its decentralized design. It's just as good as Ethereum with a few improvements for scalability. Fees are cheap, while transactions are blazing-fast. The recent hard fork will make Polygon even better in the long run. Who knows if both MATIC and BNB lasts for generations? Just my opinion Smiley
1827  Bitcoin / Bitcoin Discussion / Re: Banks do not want bitcoin to become popular on: January 20, 2023, 10:52:07 AM
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.  Sad

Of course banks hate Bitcoin. After all, it's decentralized money they can't control. The few banks you see supporting Bitcoin are only doing it for the profits. Not because they're ditching Fiat altogether. We have to admit that traditional Fiat currencies won't be going anywhere as banks won't let that happen. They're still too powerful even with crypto/Blockchain tech in play. What they will do in the end is adopt Bitcoin's revolutionary technology to create digital currencies of their own. After that, they'll be truly unstoppable. Unless people start trusting BTC more than Fiat (which is very unlikely to happen anytime soon), banks will be with us for a very long time.

At least we know Bitcoin will survive no matter what banks or governments do against it. That's because the BTC blockchain is decentralized and censorship-resistant. I hope it stays that way for the good of humanity. Who knows if BTC lives alongside Fiat for generations? Just my thoughts Grin
1828  Bitcoin / Bitcoin Discussion / Re: Today is Lightning Network's 7th Birthday on: January 20, 2023, 10:47:12 AM
Belated Happy Birthday LN~!

What are your favorite things about the lightning network? Mine are the following:
  • Better Privacy - with the Onion Routing
  • Lower Fees
  • Micropayments and Scalability

The Lightning Network is only 7 years old, yet it feels like it's just start to blossom. Adoption for this Layer-Two scaling solution is really low compared to the main Blockchain network. We need as much merchants into the LN as possible, to help contribute to the cause. The LN totally helps BTC reach the masses worldwide. With it, I think Bitcoin can become a world currency.

We're only three years away until the LN becomes a decade old, so anything could happen. As long as developers keep working on it, the LN would be on a road towards non-stop success. Who knows if this will render altcoins useless in the future? Just my opinion Smiley
1829  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 20, 2023, 10:42:23 AM
Impact on btc? Obviously btc will survive like how it did before in similar circumstances. However the prices may take a big hit. Maybe $15k happens again in the upcoming weeks. It is probably a good idea to wait for a better price if you are thinking about making purchases nowadays.

Genesis, ftx, mtgox, cryptsy these companies come and go but btc outlives them all.

Another crypto-related company going bankrupt would certainly affect BTC's market prices in the short term. We're still feeling the pain of the FTX collapse, anyways. Those who thought the last pump would make BTC reach a new ATH, were totally wrong. BTC cannot go to the moon unless the block reward is cut in half (2024) and central banks stop raising interest rates. Many experts have predicted a severe recession for 2023, so we can only expect prices to keep going all the way down the drain.

People should just stop looking at the price, and invest in Bitcoin for the long haul. Remember, weak hands will sell while strong hands will "hodl" no matter what. If you play your cards right, you could end up being the one laughing in the end once BTC goes all the way to the moon. Let's hope Fiat weakens for BTC to emerge bigger and stronger than ever. Just my thoughts Grin
1830  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Polygon (MATIC) to $20? on: January 19, 2023, 11:25:55 AM
If bitcoin goes to 100k or 200k why polygon going to $20 is crazy.  In bitcoin bullruns altcoins sometimes take a dramatic step up (and likewise on the way down).  Saying anything in usd is crazy is in fact....crazy!  If you told me before the last bullrun doge would even sniff $.01 people would have said you were crazy and look it blew that away.

It's not impossible for MATIC to reach the "double digits" especially when BTC drives the whole crypto market. If BTC goes to the moon, you can rest assured MATIC and other altcoins will do the same. We're already seeing increased signs of adoption for the Polygon blockchain, so it should only be a matter of time before it becomes a "force to reckon with".

Compared to Solana, Polygon is not driven by hype but rather on delivering concrete results to the public. By focusing on what matters most, Polygon could last a lifetime. We should take advantage of the bear market to buy and "hodl" as much MATIC as we can. Who knows if acting early would lead you towards huge profits in the future? Just my thoughts Grin
1831  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: January 19, 2023, 11:20:05 AM
Similar to what the majority of the other posters in this thread said, it is difficult to predict with certainty when paper money will stop being used because cash is still necessary for small transactions and for those who do not have bank accounts, as well as because it continues to play a significant role in many economies.

It's going to be hard to get unbanked people to use a CBDC, but not impossible. I'm pretty sure governments will find a way to do this, especially if they want full control over the monetary system (effectively putting an end to privacy for good). Paper money will eventually be phased out as the world fully transitions into the digital age. The real question is when will that happen? Considering that CBDC are still experimental, it's going to take decades before paper money is put out of circulation for good. We already have stablecoins which serve nearly the exact same purpose as a CBDC. Either governments create a coin of their own or use an existing solution (stablecoins). The future is widely unpredictable, so we can only hope for the best. As long as we have decentralized cryptocurrencies at our side, nothing else matters. Just my opinion Smiley
1832  Economy / Economics / Re: Passive income : Bank interest vs staking on: January 19, 2023, 11:11:39 AM
I nearly forgot about this till somebody pointed it out.

Seems like it's time to see the result:
So you had $17
- putting it in a bank with 1% you would have $17.17
- despite the last pump, your investment is currently $5.4 and with an APY of 28% is $6.92.
So not only you haven't made a profit but you also lost $10.08 of your investment of $17$

Probably a lesson that earning more money by just buying money doesn't work always how some wish it would.

You'll end up losing more money with crypto due to extreme market volatility. But that only happens if you don't know what you're doing. I'd simply keep buying and staking coins, until the time comes to cash out my profits. The results are better than just saving money at a bank. But not everyone finds it easy enough to manage their crypto funds on their own.

Depending on your needs, would be the place you'd store your money for safekeeping. What's important is that you make it grow to help offset the negative effects of inflation. As long as you do that, nothing should stop you from becoming financially-independent in the future. With banks getting into the crypto/Blockchain craze, it shouldn't be long enough before people will be able to easily participate in staking without even knowing it. Who knows if you'll become the next millionaire? Just my thoughts Grin
1833  Alternate cryptocurrencies / Altcoin Discussion / Re: The market will come back bigger again on: January 19, 2023, 11:05:21 AM
To be honest I was also on the brick of losing hope at cryptocurrencies. I thought this bear market and crypto winter will last forever. But, I didn't gave up and stayed in crypto because from deep down in my heart I knew that this is another bear run like all others in the past.

Now seeing everything is green in market. Bitcoin and altcoin prices are rising makes me feel proud of my decision of not to quit. This year 2023 will be complete different from what we had in 2022. Even bulls cannot take coins to beyond the ATH, I believe at least we can stay away from bear trends for the whole year for sure.

Bitcoin's recent "pump" in price was short-lived. There's still pressure from the FED's interest rate hikes. Not only that, but the global economy hasn't recovered yet. COVID-19 is still out there, while the Russo-Ukraine war is still on-going. With chaos around the world, it's very unlikely we'll be able to see the crypto market rise back to its former glory.

I'm hoping it'll all be over by 2024. Else, we'd be doomed for good. Constant decline in market prices for any cryptocurrency (especially Bitcoin), greatly defeats their ability to be used as a substitute of cash or even Gold. Stability needs to be achieved for crypto/Blockchain tech to achieve its full potential. No one can predict the future, so we can only hope for the best. Just my opinion Smiley
1834  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin to be used for micropayments on Twitter? on: January 19, 2023, 10:57:32 AM
If they add dogecoin, then they will add bitcoin. Most likely, Musk will not be limited to one specific cryptocurrency.

Well, good luck with that. Elon Musk often criticized Bitcoin's "high energy consumption", so it's very unlikely he will add it to Twitter anytime soon. Dogecoin is a better option not only because it consumes less energy than Bitcoin, but also because it's an inexpensive cryptocurrency that's perfect for day-to-day payments. It seems that Mr. Musk is losing money after his acquisition of the aforementioned social media platform, so adding DOGE would only become a distant dream.

Who needs Elon Musk anyways? I'm pretty sure Dogecoin will do well on its own, especially when there's a large community backing it every step of the way. If DOGE made it this far, it can achieve anything. I'd be surprised if it hits $1, even for a short period of time. Maybe DOGE gets to outlive most cryptocurrencies we know and love today? Just my thoughts Grin
1835  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: January 18, 2023, 01:56:07 PM
True privacy could be the next thing. Monero would be the gold standard.

I doubt privacy will be the next big thing, especially when people don't care about their privacy. On top of that, governments have been pushing misinformation and false propaganda stating that privacy coins are used for illicit purposes. Most (if not all) centralized exchanges are required to comply with KYC/AML regulations, so privacy coins will be left behind in the dust.

The only way this could change is if governments begin to prosecute crypto users at will. Only then, privacy coins will experience increased adoption worldwide. Monero is the leading privacy coin so far, so it has every opportunity of rising in price sometime in the future. Who knows what surprises we'll find after the next bull market? Just my opinion Smiley
1836  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain 3.0 = DAG?? on: January 18, 2023, 01:45:27 PM
I cannot speak for all DAGs but Obyte DAG has.

Thanks for bringing this up. Never thought a DAG-based cryptocurrency with an incentive mechanism existed until now. All that OBYTE needs is some mass adoption by validators worldwide, and it should become a "force to reckon with".

Honestly, I don't think any DAG-based crypto is as serious about decentralization as OBYTE these days. I've stumbled across IOTA, Constellation, and even Hedera Hashgraph but I've found that nodes are largely controlled by a few players. They're faster and cheaper than traditional blockchains networks, but they're very weak in terms of security/reliability. I'm starting to believe DAGs are experimental and not ready for mainstream use. Maybe someday coins built on this tech will rise all the way to fame? Smiley


L2 scaling solutions, sharding, and ZK-Proofs are great, but they do not address the same problems that DAG does.

If you mean solving scaling and privacy problems, then traditional blockchains can already do that with the aforementioned methods. Off-chain scaling, ZK-Proofs, and Sharding will make traditional blockchain networks as comparable as DAGs. I think even better because blockchains are more focused on decentralization and censorship-resistance. The new tech is just starting to blossom, so I'd give it some time to see what happens. Wink
1837  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: January 18, 2023, 01:27:16 PM
Are you a citizen of El Salvador? Do you have any proof that bitcoin failed in El Salvador? They are pioneers in accepting bitcoin as legal tender, and its implementation takes time. All this process took place in less than 2 years, can't rush to conclude success or failure, everything is still in the process of development and construction. Like you, you are holding bitcoin, and the market is terrible your assets are falling, but that doesn't mean you have failed because you haven't sold your bitcoins.

Good things take time to build. We can't expect quick results especially when BTC's been going downhill lately. Mainstream adoption is a slow and steady phase that requires patience in the long run. To see a developing country adopt BTC as legal tender, is quite surprising. Especially when most developing countries aren't quite used to the latest advancements in technology.

El Salvador took a step forward by becoming the first developing country in Latin America to adopt Bitcoin. It's currently heading to the right direction. Just wait until BTC goes to the moon, and El Salvador could instantly become one of the richest countries in the world. That is if Nayib Bukele stays in power by the time Bitcoin explodes in price. If there's a change in government, then it's bye-bye to the Bitcoin experiment for good. No one can predict the future, so we can only hope for the best. Just my thoughts Grin
1838  Bitcoin / Bitcoin Discussion / Re: What could have Satoshi faced if he made himself known from the beginning on: January 18, 2023, 01:15:11 PM
I have seen many countries banning BTC due to some legal reason or not any reason at all. They are just banning it like it's a new trend. The list of banned countries includes - Algeria, Bolivia, Bangladesh, china, Colombia, Egypt, Indonesia, Ghana, Iran, India, Iraq, Kosovo, Mexico, Nepal, North Macedonia, Russia, Turkey & Vietnam. Some days ago I saw news about Russia legalizing crypto payments. I am wondering, these included countries who have banned crypto, what will they do if the whole world except for them adapt to crypto? Their mind is like those investors who will only enter the market when the price is high, and they think the market will go much higher and when the market goes down, all they can do is cry about it.

While the world progresses towards the future, all of those countries will be stuck in the past and won't be able to do anything because it will be too late.

I think the countries you've mentioned ban Bitcoin because they really don't want people using it. Some say they're doing this to help prevent Russia circumvent sanctions. But we all know their hidden intentions. It's all about power/control.

Thank goodness Satoshi never disclosed his identity in the first place, or we would've never had the chance to experience true financial freedom today. Governments would've probably put him in jail or even kill him for creating an alternative monetary system that's outside of their control. If they're now prosecuting developers of decentralized mixing protocols (consider what happened with Tornado.Cash), imagine what they will do next. It's likely they will go after crypto projects' founders whose identities are widely-known by the public. At least, we can rest assured that Bitcoin won't be going anywhere because there's no person to go after. Don't expect Satoshi to reveal his identity anytime soon, especially when governments are becoming more aggressive against Bitcoin. Who knows if BTC ultimately defeats Fiat for good? Just my opinion Smiley
1839  Economy / Collectibles / Re: My Cold Keys Just Got Swiped! All Halving Sets!! on: January 18, 2023, 01:10:20 PM
I bought a cold key Silver Halving Set #30 recently on a MJ forum auction.

Both were swiped 12 hours ago!  I wouldn’t have known if I didn’t have a bitcoin tracker app.

They’re safely in my glass case with intact holo… everyone check your cold keys!!

Hopefully someone can explain how this happened!!

bc1qhalvedzzp22yy7wkmynlt4r97fwvscmk9jggl4

bc1qhalvedqtevcnx6yszyp6rfdkpxzf3p9jrtw830

This was .0125 funding + premium & one of my favorite items!

Edit: What alerted me to the rug pull was a wallet tracker I’ve been using for IPhone…

https://apps.apple.com/us/app/bitcoin-address-tracker/id1465853490

And a friend recommended this app for android…

https://play.google.com/store/apps/details?id=com.samourai.sentinel

I've just read this, and I'd have to say I'm quite shocked about it. Never thought someone as trusted as yogg would pull off a scheme like this. My ColdKey card set ("BitBills 10th Anniversary) was never swiped because I left it unfunded, but I can feel the pain of other buyers having lost their hard-earned Bitcoin. It's frustrating. This is just like getting ripped off an exchange when it decides to run away with your money (or it collapses like FTX did).

I seriously doubt anyone would trust physical coin makers after these unfortunate series of events. I'm talking about makers who create private keys themselves. They would need to "stick" with DiY or multisig to keep their business. May this be a lesson to newcomers into crypto who deposited BTC in a collectible whose private keys they don't control. I think this will mark the year where people will rely on self-custody of their coins. That said, I hope we heal and come back stronger than before. A big thank you to some community members who've decided to help with the cause (cygan, smoothie).
1840  Economy / Collectibles / Re: [SALE] 1HoDLCLUB Fine Silver 999.9 LTC Poker chips on: January 17, 2023, 10:24:30 AM
One silver LTC chip for me, please. Lowest serial number. PM incoming soon. Thank you. Smiley
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