Not only China, many developed countries have also restricted the use of paper money and switched to digital or card payment methods. But the complete elimination of paper money is unlikely to happen in the next decade because in many places it can be said that the internet is limited, and smartphones are not yet widely used, so getting rid of paper money is very difficult.
Governments are going to need to provide the necessary tools to help spur the adoption of CBDCs worldwide. Otherwise, don't count on paper money disappearing anytime soon. I'm pretty sure we won't be using paper money forever, especially when the world evolves over time. The future of money is complete digitalization, so paper money in its current form will become history. China has been at the forefront of CBDC development, but it should only be a matter of time before other countries follow suit. There are already plans among the world's superpowers to launch CBDCs of their own. The US and the EU have already announced their intentions of doing so. You can thank Bitcoin for helping banks rethink the way they issue/handle the world's money supply. They have no choice but to digitize Fiat or be left behind in the dust. No one knows what the future holds, so we can only hope for the best. Just my thoughts  |
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You can keep your BNB but I'm not optimistic about your friend if you can keep him. Seriously, Binance is standing tall at the top and don't even think it will collapse just like that. That is more than enough for you not to worry about such a thing.
You should have asked your friend why he thinks BNB doesn't have a future. For sure he is just giving a wild guess.
BNB is a good coin, but I wouldn't suggest you go all in, especially when it's tied to a crypto exchange. If Binance collapses like Mt. Gox or FTX, you could lose it all in an instant. They often claim BNB is decentralized, but most of the nodes are still under Binance's control. For BNB to become truly decentralized, Binance needs to cede control of the network's nodes. You're going to have to decide for yourself whenever it's worth the risk holding BNB long-term, or choose a safer alternative that puts decentralization/censorship-resistance above all else. I'd say both Cardano (ADA) and Ethereum (ETH) are much better alternatives to BNB. Right now we're in a bear market, so we can't expect BNB to reach a new ATH anytime soon. Maybe it will go to $1k during the next bull market? Just my opinion  |
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His/their secret identity is the key source for BTC to become what it is now today. IF......... If the identity was revealed in the beginning of BTC, then the whole story might have been something else entirely.
Public harassment in the time of previous price dumps. Government issue, what we still face. Other people wanting to take over the system, thus life threat. And God knows what else.
I still believe that the secret should keep remaining secret. It was the best move by Satoshi to see his creation grow. Maybe he's among us watching this post, or maybe not. But we are happy for his existence and his creation.
I can't understand why Ethereum or any other project would want to reveal their creators'/developers' identities to the public, especially when they aim to achieve decentralization and censorship-resistance. They might be doing this to help attract investors, but the ends don't justify the means. I'd prefer a cryptocurrency that was created by an unknown person, even if it gets flagged as a scam by mainstream governments and other entities. This way, I can feel confident the crypto I've invested into won't easily go away due to government prosecution. It seems to me that only Bitcoin will remain censorship-resistant, thanks to Satoshi's efforts to protect his personal identity. I wouldn't be surprised if someday mainstream governments go after Vitalik Buterin with the excuse that ETH is being used for terrorist financing, money laundering, among other sorts of things. Satoshi knew what would've waited him if he decided to disclose his identity in the first place. He disappeared in 2011, yet BTC is as bigger and stronger than ever. With governments increasing regulatory pressure, expect things to get worse for the crypto industry in the future. Just my thoughts |
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I guess the damage made by IOTA to the DAG space is still felt. No, other DAG based ledgers are not necessarily centralized by design. As my article argues, the right DAGs are even more decentralized (in terms of distribution of power) than blockchains. If I'm not mistaken, DAGs don't have any sort of incentivization mechanism. Without rewarding the validators' hard work and effort, how could we expect underlying cryptocurrencies using the tech to remain decentralized? IOTA announced its intentions to become decentralized by removing the "Coordinator" on the "Tangle" chain, but I'm yet to see how that would work in the long run. There doesn't seem to be much interest into DAG-based cryptocurrencies among investors and traders alike, so it's likely they will fade away into oblivion soon. With L2 scaling solutions, Sharding, and ZK-Proofs, who needs DAGs anyways? Just my opinion |
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Even if they banned all centralized exchanges and declared it illegal, it would be difficult to ban it outright. But if that happens, the global acceptance of bitcoin or the expectation that bitcoin will become widespread will be gone, and the one who has the most difficulty is us, no one else. So let's not expect that to happen.
Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.
I sure hope governments and crypto industry leaders work together to make our world a better place. A full ban from worldwide countries, would certainly stifle Bitcoin's ability to reach the masses. I'm pretty sure most governments will regulate the industry, instead of going against it. As long as they're able to tax Bitcoin, there should be nothing to worry about. I think governments will eventually admit that Bitcoin cannot be stopped no matter what. We can thank Satoshi and the rest of the Bitcoin community for keeping it as decentralized and censorship-resistant as possible. If Bitcoin was centralized, it would've been doomed by now. Who knows if it gets to live alongside Fiat for generations? Just my thoughts |
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Lol are you shilling for IoT Chain? DAG is not blockchain and blockchain is not DAG. DAG was working on the different system that has been used the server to validating the transaction. That's obviously centralized coin if the server managed by the developer itself.
instead call DAG as blockchain 3.0 and i was saying if that was another bullshit.
Learn how DAG works and the difference with the blockchain.
Anything that's centralized is NOT a blockchain. It's simply a distributed database controlled by single entity. IOTA, and most other DAG-based cryptocurrencies are centralized by design. They're just like Ripple's "XRP" cryptocurrency (even though this one doesn't use a DAG). Why would you want speed and cost-efficiency when you're missing the most important thing (which is security/reliability)? I guess that's why DAG-based cryptocurrencies are below the top ranks in market cap. Solana which fares worst than the aforementioned coins, is still at the top because whales are keeping it that way. But it could die soon, if it continues to be an unreliable cryptocurrency for mainstream payments. I think Blockchain 3.0 will consist of L2 scaling solutions, ZK-Proofs, and cross-chain transactions. The rest is just noise. Who knows what the future holds for the industry? Just my opinion |
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Hi, I'm new to here. So just want to ask your help or guide.
I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.
I'd suggest you hold onto your coins until the next bull market. BNB is a prominent cryptocurrency backed by the biggest crypto exchange in the world, so I don't think it will go away that easily. The BSC underpinning the BNB cryptocurrency, is fast and extremely-cheap for day-to-day payments. It makes the perfect platform for "De-Fi". While the competition is getting fierce each day, no other platform (except Ethereum) will be able to beat BNB because of Binance's leverage on the crypto industry. It's just that investors haven't paid much attention to BNB because of the bear market. I'm pretty sure it will hit $1k sometime in the future. As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Just my thoughts |
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I must say that I'm now a Bitcoin addict and an ardent fan/supporter of Satoshi Nakamoto and the good initiative Bitcoin technology has brought to the world. But there are these questions that have been ringing in my head day and night as I continue to be curious about this man/men that brought this revolution to the financial space.
I would like people to furnish me with their views even though I personally believe that he would have been haunted by the world governments at the initial stage.
What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?
If Satoshi's identity was found from the very beginning (or at least he made himself public), Bitcoin wouldn't had been able to sustain itself for long. Governments would prosecute Satoshi for creating an alternative monetary system that patronizes money laundering, tax evasion, among other sorts of things. He would be considered an "enemy of the state" , possibly leading towards his execution in the long run. BTC would've been declared illegal from the start, stifling away its opportunity to grow into a massive force as it is right now. We wouldn't had the innovations we have today (Web 3.0, NFTs, ZK-Proofs, etc), if BTC (and its founder) was stopped in its early days. I think Satoshi knew the consequences of launching a digital currency beforehand, so he decided to remain anonymous until today. He did it to protect BTC from evil governments and central banks alike. If only other projects' founders copied Satoshi, they would've been completely censorship-resistant to this date. Coins like Ethereum, Cardano, and even Polkadot have publicly-known founders, so I wouldn't be surprised if sometime in the future, they get scrutinized by mainstream governments. Who knows if BTC ends up being "the only kid in town"? Just my opinion |
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If governments could ban Bitcoin, they would have done it by now.
They can still ban it completely through centralized exchanges. By cutting off people's access to BTC with Fiat, it will be much harder for the cryptocurrency to be used at a large scale worldwide. The only solution would be to acquire BTC in person or through a decentralized exchange. But if Bitcoin is declared illegal for mainstream use, then people will think twice before using other methods to buy it with Fiat. They could easily face fines, jail time, or execution (depending on the country). At least we know that not all countries of the world will turn themselves against Bitcoin. Some will support it, while others will reject it. As long as there's some level of support for BTC, we can be sure it won't go away anytime soon. Who knows what the future holds for the cryptocurrency? Just my thoughts |
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Ironic question right? Well, as a crypto lover/ investor or whatever, only one thing that comes to my mind. That is, to be honest, if I get a time machine now, I would probably travel to the past and advise myself to buy BTC when it was so low. In the past, I may not have had the cash to buy it, but somehow I would convince myself to gather some money to buy it. Or take something from today and give it to my past self.
This is just like a fantasy. A daydream that is impossible to do. But have you ever thought something out of the box? Like we are in 2022 soon to be in 2023 (Happy new year to all). As days pass by we are moving toward the future right? Thinking about it like this puts us in the past. Our future will become our present one day. So are you going to think the same thing about your future and just continue on living?
Bitcoin is here with us since 2008. We can't go to the past, can't change it.
After all this, you may be wondering what I am trying to tell here. Let me explain then.
Considering our present as our past, put yourself in the future and think about what your future self would advise you right now. In this bear market, the price is low. Not as low as in 2008, but it is low now. What are you going to do? Ignore this now and in the future tell yourself when Bitcoin crosses its ATH again that, "if only I had a time machine now"
Well, a bear market is not a thing to be panicked about. It's an opportunity to fill our bags. Hold it for the future, as if your future self told you to do so. Every pro-crypto owners know this. Time to learn for yourself.
This topic is for newbies who are thinking that BTC will fail and get vanished out of existence. Read this, and you will understand
[Note: Not your financial adviser, Do Your Own Research]
Be sure to let us know what you think about this!
I think most us would simply buy BTC at cheap prices if we had access to a time machine. As for me, I'd just go back in time to prevent falling for many cloud mining scams and recover my losses. I'd also buy as many cheap DOGE as I can to sell it before Elon Musk started pumping its price back in 2021. The profits would've been used to buy more BTC and become a filthy rich person. While BTC prices have declined massively these days, I still think we're early to the game. There's a lot more to crypto/Blockchain tech than meets the eye. Once renowned companies, mainstream governments, and banks begin to massively adopt this tech, BTC prices will never be this low again. We should start accumulating as much cheap coins as we can before the market starts pumping again. The future is widely unpredictable, so we can only hope for the best.  |
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In a decade, I think people would be using and still very much dependent on fiat currencies for most of their transactions and daily payments. Jumping forward to a few decades from today, fiat currencies may likely not be the most preferred form of making daily payments and small businesses might prefer some other sort of method for making transactions. But I still think the fiat currency would still be very much with us in the next few decades. Maybe not as relevant but still very much alive.
Yeah, I also wouldn’t worry too much about if or when paper money would cease to exist.
I think it will take more than a decade for Fiat (paper money) to be taken out of circulation for good. CBDCs haven't been rigorously tested yet to become Fiat's eventual successor. Some countries have already launched their own digital currencies, while others are still thinking it through. We already have "digital cash" in the form of decentralized cryptocurrencies (eg: Bitcoin, Ethereum), so why wait until CBDCs are released for public use? You can bet that once CBDCs are launched, the end of privacy will begin. They will give more power/control to the government over people's finances. It's likely people will massively adopt decentralized cryptocurrencies after this happens. No one can predict the future so we can only hope for the best. Just my thoughts |
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I am not going to end up investing into something just because there is a small chance that it happens. I am not saying that it's the worst thing ever or something like that, but I am saying that it's going to end up with a good chance of never reaching its ATH ever again, that's a likely thing. All in all it's going to end up with a low price and that's a very terrible thing, which is why I have to handle all the problems before you invest.
Just don't, realize what a big mistake it would be and don't, it would help you get better in the long run. This is why we have to just look for what we invest into, and if it's shaky and dangerous like doge, stay away from it.
DOGE is a purely-speculative cryptocurrency that lacks real use cases for the real world. The original developers even said Dogecoin wasn't mean to be used seriously in the first place. It was just created as a joke. The ever-increasing supply of the cryptocurrency, tells us market prices should decline over time. Unless developers make DOGE a deflationary cryptocurrency, don't expect it to retain its market price for long. As I've said before, it'd be a miracle if DOGE hits $1 and stays within the range for quite some time. You should try cashing out your Dogecoins as quickly as possible once you see that happen. Otherwise, you could end up being "rekt" in an instant. Who knows if DOGE goes back to being worth less than $0.01 soon? Just my opinion |
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The way some investors worry about BTC seems like their investment is huge but it turns out that relatively small investors are concerned. But big investors have invested billions of dollars in Bitcoin without any tension and they believe that they will be able to get maximum profit from it in the future. Big investors are now dreaming bigger with Bitcoin. They are confident about Bitcoin. It is a fact that small investors find it difficult to keep their money for long.
Small investors are usually newcomers into crypto who truly don't understand how the market works. They quickly become concerned when everything goes downhill, thinking it's the end of crypto for good. Bitcoin is usually the "face of crypto", so decaying market prices would usually give a bad impression of the whole crypto/Blockchain industry. The reason why everything is going down it's because of the deteriorating situation of the global economy. We can blame the COVID-19 pandemic and the Russo-Ukraine war for this. That, and also the fact that the Terra/LUNA implosion and the FTX collapse have made matters worse. While I'm confident BTC will rise again, it's going to take quite a long time before the hype makes a comeback. I'd say this is the perfect opportunity to buy some "cheap" Bitcoin before it's too late. Who knows if BTC gets past $100k after this is all over? Just my thoughts |
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They don’t really have a choice. They will either let the inflation loose, or crash the markets while fighting it. There isn’t an easy way out of this. Whenever the central banks have to make a choice between high inflation and high interest rates, they always choose high inflation. People think the interest rates are high now… in reality they are at half of what they need to be. You can’t fight inflation that way. Nobody can. At some point Powell will tap out and start QE’ing again.
I think central banks will ultimately give up when they realize they can't keep inflation under control. We can blame the COVID-19 pandemic and the Russo-Ukraine war for this mess. Now all hell will break loose, as prices will continue to soar like there's no tomorrow. The poor will become poorer, while the rich will become richer. Bitcoin was created as a solution against banks' malpractices. If only the world switched to the Bitcoin Standard, things would've improved for the better. After all, Bitcoin is a deflationary cryptocurrency that can't be debased by any government or central bank whatsoever. Some countries are gradually beginning to adopt BTC as legal tender, so only time will tell us if central banks (alongside Fiat) will cease to exist for good. Just my opinion |
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When developers are only thinking about money in the end things will not end well but I hope to be wrong here.I was just checking the price as the last time I saw SOL price was when they were from 66 to over 100 dollars if I am not mistaken.I agree that whales are keeping it up because there is no other valid explanation for this,being one of the most unreliable blockchains in the world should not give the coin as much exposure as Solana had and is having.I personally love stability over convenience which is why I love projects like Raptoreum more,not a single outage and the developers are active there.
I agree with the OP in the end the future does not look that bright for Solana.
Stability/reliability goes above all else. Even if whales are keeping Solana afloat, the project won't be able to last for long if developers don't fix its underlying issues on time. The competition is getting fierce each day, with new smart contract platforms delivering unique features not found anywhere else. Solana should've focused on providing real use cases to the mainstream world, instead of being solely driven by hype. With the recent crash of a major crypto exchange (FTX), I doubt Solana will be able to get back on its feet anytime soon. We're going to have to see how SOL will react during the next bull market run. Still, rising market prices are not a guarantee the project is doing well. Developers don't care about SOL, so it's likely the cryptocurrency will become history soon. Just my thoughts |
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You posted in 2021, it's 2023 now, and the price of the MATIC coin hasn't experienced a huge price increase, so I think the reason is because the competition in crypto is getting tougher.
It's only been two years since I've last created this thread. Yet, MATIC's price has performed terribly bad during the course of 2022. You can thank the deteriorating global economy for that. I believe this year won't be any different, especially when there's a lot of negativism surrounding the crypto/Blockchain space (FTX collapse, Terra/LUNA crash, etc). Just wait until the tide is over and MATIC could easily hit the "double digits". After all, renowned companies are launching NFTs on the Polygon blockchain (such as Coca-Cola, Disney, and even Donald Trump himself). These are signals of increasing adoption for the MATIC cryptocurrency. If you buy coins now, you could easily cash out big time once the bull market turns bullish again. Who knows if MATIC goes to $20 sometime in the future? Just my thoughts |
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It is not a question of "IF" buy When history repeats itself. From the history of previous ath, btc has always create new records hence the same will happen come 2024. According to some information online, the accumulation of btc keeps increasing, even the number of non custodian wallet holding btc keeps raising, which means the btc supporters are strongly accumulating which can only result to one result - Mega ATH. While history has shown us that Bitcoin makes a comeback after each halving period, it's certainly not a guarantee the same will happen by 2024. These times are different, because the world is struggling to recover from the negative effects of the COVID-19 pandemic and the Russo-Ukraine war. If the global economy hasn't recovered by 2024, don't expect Bitcoin to reach a new ATH anytime soon. I'd be surprised if BTC still manages to reach a new ATH in the middle of the crisis. That would mean Bitcoin has finally become an independent form of money that moves on its own regardless of what happens in the mainstream world. 2023 is just getting started, so we can only hope things will get better in the long run. Just my opinion |
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Even if these negative events stop, no revolutionary projects are likely to emerge. Let us remember the history of cryptocurrency creation, not from the launch of the first blockchain, but from the inception of the idea itself. Almost half a century passed between the first thoughts and the first product, technological projects like cryptocurrencies are born for a very long time, decades. And it will take another decade before this technology is fully adopted around the world and available to everyone.
Exactly. It's going to be a long time before we see any major breakthrough in technology that will "blow" crypto/Blockchain tech out of the sky. The pandemic (and now the Russo-Ukraine war) have set us back for a few years. Progress cannot be achieved quickly as it used back then. What the future holds for our society, is a mystery. But I'm pretty sure crypto will be replaced by a better technology in the distant future. Neither you or I will be alive by the time that happens, but probably our grandchildren will. Let us enjoy what we have now, while it lasts. As long as we're able to enjoy the benefits of decentralization, there should be nothing to worry about. Just my thoughts |
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actual value (4.58 euro) is down by 91.07% from the maximum value reached on 04 Nov 2021 (51.22 euro). :O
this requires a lot of effort to regain the values. really a lot...
Even if I am taking some DOT in staking I am not sure that I will see again this value.
But meanwhile I am still staking so probably could be a nice option to gain some "dividend" waiting for a better value...
The project is interesting but much probably has been just "hyped" too much in the past ...
with this, I am not saying that is not a good investment but probably is not the better choice in this moment or for the long term.
At least, Polkadot hasn't been as hyped as Solana once was. The latter project already proved to be a failure with developers' inability to fix network outages, among other sort of issues. Yet, Polkadot is still standing strong as one of the leading competitors of Ethereum behind Polygon (MATIC) and Cardano (ADA). Current prices for DOT are quite a bargain these days, considering there's more to the cryptocurrency than meets the eye. The parachains scaling technique will easily allow Polkadot to scale to millions of users without any disruptions whatsoever. Once the DOT blockchain takes off, prices will never be this low ever again. It's one of those "blue chip" coins that are perfect as a long term investment. As long as you don't put all of your life savings into it, you'll have nothing to worry about. Just my opinion |
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In general we all are responsible for the bearish trend. Who else gonna take the responsibility anyways. This is deeply connected cycle amongst everyone. Riches go crazy few times a year, they buy bulk they sell in bulk and give rise to those FOMO reactions.
This year, there were various aggregators for this reaction including the one in OP. Though bitcoin always gets up pretty quickly then also it remained dead cold this year due to one event after another kept coming pretty badly. This will definitely take lot of time to recover.
Indeed. It's going to take quite a long time before everything goes back to normal. I'd take advantage of this opportunity to grow my stack of coins as much as possible. Once the bull market makes a comeback, prices will never be this cheap ever again. History has shown us that unfortunate events damaged crypto's reputation for a short period of time. But people eventually forget about the negative stuff, putting crypto in the spotlight again. Just wait until central banks stop raising interest rates (especially The FED), for prices to go all the way to the moon. Who knows if we'll become the ones laughing at the end? Just my thoughts |
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