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201  Alternate cryptocurrencies / Altcoin Discussion / Re: Is GRIN still a thing? on: March 20, 2024, 10:29:46 PM
I am planning to use Grin because I like the concept, and have downloaded Grin++. At a first glance it looks quite good (it's even one of the more visually attractive altcoin wallets I saw, I like the yellow-black combination) and easy to use, so I don't understand that much the problem some of you folks have with the GUI. Yes, I know it's not "official". And it seems to be at least partly based on Electron. But AFAIK on Ethereum the GUI wallets are also provided by third parties.

I don't know why Grin is so low valued. Perhaps it has to do with the general problem of decentralized altcoins to have less funds for marketing, in particular for social media shilling. Perhaps it's due to the 51% attack it suffered some years ago, or even the perception of people that governments are taking action against privacy coins (Monero's performance was also underwhelming this year). But it can be seen currently as an opportunity to onboard new people - and what is valued very low can provide good profits even if it doesn't reach the top coins.

And no, I don't think Grin "isn't necessary" because Monero exists. The privacy technology is very different, with unique advantages and disadvantages. If Monero for example fails because of some kind of attack, perhaps the Grin algorithm has characteristics which make it less vulnerable.

For example, in the last days Monero network saw a lot of activity which may be spam transactions. It is possible that these came from chain analysis companies trying to lower the privacy level of the Monero users, because in the "ring signature" model the more "known" participants of a ring-signed transaction there are, the less private are the remaining ones. I still don't think Monero is unsafe or not private enough due to this reason, because afaik if you're cautious you can still have a much higher level of privacy than with Bitcoin even if 50% of the txes were chain analysis spam permanently (and also this spam would be expensive if sustained for a long time). But afaik this kind of attack isn't possible with Grin in this way (correct me if I'm wrong, I have only a rudimentary understanding of MimbleWimble), so it has an advantage.

Crypto land is always in need of privacy coins. Each has their unique approach for obfuscating transactions. Monero may be the most popular privacy coin, but that doesn't mean it's perfect. Grin is different from Monero and has its own set of advantages/disadvantages. It's very unfortunate to see it being abandoned by the original developer. It had potential to become a great XMR alternative with its "Mimblewimble" privacy technique. Not sure if there will be a community takeover for Grin. But at least, it does the job it's supposed to.

Maybe people will pay attention to it after governments increase their surveillance methods? With CBDCs on the brink of launch, privacy coins could become an option for those used to anonymous transactions with paper money. The future can't be predicted, so lets hope for the best. Smiley
202  Alternate cryptocurrencies / Altcoin Discussion / Re: Selling NFTs...Where to start? on: March 20, 2024, 10:03:41 PM
For me, the NFTs I don't even want to contemplate minting whenever I stumble on tasks demanding minting them are the ones on the ETH chain. Doing anything that requires paying with ETH seems to be exploitative. Gas fees are incredibly high compared to other chains. Even a common swap, let alone bridge from any chain to ETH or the other way round, is crazy. I wish Vitalik Buterin and his team would do something about that, though 🙄

Yes. High gas fees suck. Luckily, we can mint NFTs on L2 networks or alternative chains that are faster and cheaper than ETH. If you still want to use the main Ethereum blockchain, then you'd need to wait until fees decline to make your move. Vitalik and team are forcing us to move to less-decentralized and less-secure L2 networks, instead of focusing on scaling the main ETH blockchain. Totally not worth it, imo. ETH should've separated consensus and execution of smart contracts into different layers to keep the main chain free from network traffic. Sort of how Avalanche is doing with its 3-layer design (consensus layer, execution/contracts layer, transaction layer).

NFTs usually come and go, so why bother about ETH anyways? I've chosen Polygon as my blockchain of choice for launching NFTs due to its lower fees and faster speeds. The chain is tied to ETH's network security, so I've got nothing to lose. At least, it's a better option than Solana. Grin
203  Economy / Gambling discussion / Re: Decentralized vs Centralized Gambling....Which do you prefer? on: March 20, 2024, 09:54:08 PM
When crypto becomes more popular like now, it seems it's hard to finds where we can playing gambling without KYC. When we can get one casino that doesn't apply KYC too strict, that's just beginning because when the casino grows and becomes popular, the government will takes on their eyes to that casino and will ask them to used KYC for their members. That's why we can only follow what's the rules for every casino and if we don't comfortable with the rules, we can try to search for the other casino.

Make sure you can playing gambling at the trusted casino, popular, have a good reputations so you don't have to worry if something bad happens. The governments now searching for the crypto business and trying to controls them so crypto business can just follow their rules.

It's no surprising that governments got its hands tied in all things crypto. Strong regulations forced most online casino operators to comply with KYC/AML standards. But rules don't apply to decentralized casinos. Especially if the creator is anonymous. The gambling dApp can't send profits to its creator for this to work.

With no one to hold accountable for, gamblers can place their bets in a decentralized casino without the need for KYC. I know it's hard for this to become a reality. But not impossible. Considering that centralized casinos still dominate the gambling industry, we should expect decentralized alternatives to become a niche to gamblers. At least, people have a choice. Cheesy
204  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin's comeback on: March 20, 2024, 09:40:54 PM

See this?

This is how the real world adoption looks. Litecoin has been dominating the crypto payments. It is the ultimate crypto currency till it  becomes a store of value coin like bitcoin.

This screenshot above guarantees that litecoin will always have a price support no matter what happens. It is because it solves a real world problem. People really use it to buy goods. BCH was supposed to be like this but guess what, LTC is better than BCH.

Couldn't agree more with you, mate. LTC is and will always be better than BCH. Nobody wants a direct fork/clone of Bitcoin pretending to be the original cryptocurrency. People want something different that focuses on real use cases than anything else. Despite the fact that LTC is similar to BTC, it has a few things that makes it special. The slightly-higher supply of 84m units, a different PoW algorithm, a smaller block time, and the Mimblewimble privacy feature makes LTC a good BTC alternative. On the plus side, it isn't "owned" by institutional investment companies (BlackRock, MicroStrategy) nor governments.

If people knew LTC's potential, it would've reached a new ATH by now. At least, prices are relatively-stable. With most crypto exchanges supporting LTC, nothing can go wrong. Maybe it's a "hidden gem" waiting to blossom someday? Cheesy
205  Economy / Economics / Re: Fix the money, Fix the world. on: March 20, 2024, 09:37:51 PM
This is an amazing perspective view. It is true that money may be used to enslave people, but it is enticing that technology has the capacity to change the way we think about power, wealth, and authority. One of the most fascinating parts of Bitcoin is the concept of independence, or operating your own bank. Bitcoin allows you to keep your own private information and handle your own funds, without depending on other people such as banks or authorities. This could result in a more equal and transparent banking system, giving individuals more power over their personal resources.

But when institutions amass most of the BTC, that's when you'll no longer have freedom/control over your money. The whole point of Bitcoin was to remove the middleman. Not embrace it. Unfortunately, human greed has led us to where we are today. Banks and governments win, while the people lose. By opening the floodgates to "Wall Street", Bitcoin has moved away from its original vision. Even though the network itself is decentralized, that doesn't mean big holders of the coin (whales, institutions, etc) can't influence the future direction of the project. Fortunately, the code is open source. If BTC fails, another cryptocurrency will carry on with Satoshi's original vision.

Be aware that once CBDCs take the world by storm, you can say goodbye to the crypto craze for good. It will be complete opposition against Bitcoin and its variants from mainstream governments. Don't expect the world to be "fixed" anytime soon, though. Sad
206  Economy / Collectibles / Re: [SALE] 1st and 3rd Quarter MOON Coins-Set on: March 20, 2024, 09:49:46 AM
One (x1) set for me, please. Check your PM for more info. Thanks, buddy. Smiley
207  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin will FAIL on: March 19, 2024, 02:23:31 PM
It’s amazing how everyone in the first page was saying that it is nothing but a joke and it will fail. It’s 2024 and DOGE happens to be the lead of all memecoins, It has set an example and other memecoins are trying to follow in recreating its success story. Dogecoin that was all for fun and jokes has made people millionaires. Thanks to Elon Musk though. And today, it’s beginning to be more than just a meme coin.

You can see how it takes one man to manipulate a coin to his favor. Especially if that man is a celebrity or wealthy person. Dogecoin enjoyed its golden days thanks to Elon Musk. But don't expect other "meme" coins to get that lucky, especially when they're copies/clones of the original project. They will eventually fail, leaving us with DOGE as the sole "meme" coin in the market.

People are too greedy by paying attention to worthless coins (PEPE, SHIBA) without any substance behind them. We will see many of them getting "rekt" in the long run. Considering that Dogecoin is the original "meme" coin, don't expect it to go away anytime soon. Maybe it will last a lifetime? Who knows what the future will bring to the cryptocurrency? Cheesy
208  Economy / Economics / Re: Fix the money, Fix the world. on: March 19, 2024, 02:18:55 PM
Bitcoin will not become the world's currency if it continues to be exchanged for fiat or paper money. The value of bitcoin still depends on fiat money. People continue to buy bitcoin in pursuit of accumulating more paper money. If you are wealthy, you can buy a lot of bitcoin, but if you are poor, you may have little or no bitcoin as your possession. Bitcoin will only become a currency if it breaks free from being tied to paper money. One bitcoin value should be one bitcoin or one satoshi for a tray of eggs or ten satoshis for a service. People need to stop using government issued paper money if we truly want change.

Aren't national currencies (Fiat) traded for other currencies through Forex trading? It's the same thing with Bitcoin. People trade it for the currency of their choice when they need to. I know most people don't use BTC as a currency these days. Especially when it has a deflationary mechanism. But that doesn't mean it's the end of the world. You're free to use BTC any way you want to. That's the beauty of decentralization and open source.

With some countries going as far as adopting BTC as legal tender, it should only be a matter of time before the world uses it more throughly as an alternative currency to Fiat. This is just getting started. Just buy, "hodl", and forget about the rest. Wink
209  Alternate cryptocurrencies / Altcoin Discussion / Re: Can governments crack down on crypto? on: March 19, 2024, 02:15:20 PM
Yes, governments can easily disrupt the crypto market. They can simply impose taxes on your accounts, ban some major markets, or declare cryptocurrencies illegal assets. Moreover, they have many ways to track you even if you try to use crypto behind their backs. So, we hope governments play fair and don't interfere with us right now.

Then what's the point of decentralization and censorship-resistance if governments make crypto illegal? Crypto will survive, but people using it will be at risk of getting jailed or fined by the government. Imagine what would happen if all of the world's countries ban crypto/Blockchain tech. Market prices will decline at a very fast pace. After all, institutional and retail investors are the ones who move the crypto market to new heights. Without them, crypto will only remain a "niche" to the general public.

Like it or not, crypto needs the government to grow. With legalization of the crypto industry, market prices will stay high for a long time. Nothing is set in stone, so lets hope for the best. Smiley
210  Economy / Collectibles / Re: [Question] "In Code We Trust" Silver Rounds on: March 18, 2024, 03:02:58 PM
They were intended just to be silver rounds/tokens...not wallets.
None of them came with holograms.
I wouldn't over value these as there are tons of makers who make generic crypto rounds like this

Oh yeah. With cheap clones on the market, I wouldn't expect the original ones to rise that much in value. They still make good stocking stuffers, though. I love collecting silver, so I wouldn't mind if they come with or without holograms. Thanks for the advice, mj! Smiley


if you look at the back, you would see that a holo placement would not be ideal with the raised text

Of course. Great observation, Mopar. I'd just keep mine (blank) as is. They're silver rounds, so at least they have some value. Grin
211  Economy / Collectibles / Re: [Question] "In Code We Trust" Silver Rounds on: March 18, 2024, 12:40:51 PM
Those look like the Lealana coins, but as far as I remember they came with holograms (and were usually loaded). These might be AliExpress copies (example).


EDIT: Had a chat with MJ and these are made by Golden Eagle Coins. They made maybe 6 or 7 different ones.

The mintage is probably a 1000 coins, seeing how the Bitcoin variant still has 664 in stock.

Gee, thanks pal! I've been having a hard time finding these on both eBay and Amazon. I don't have the BTC one listed on Golden Eagle Coins, so I'll be adding it to my collection before it's sold out.

Never thought they could be used as DiY cold storage wallets, though. Mine came blank without any holos. But I guess that's because I've bought them from eBay. If mintage is low, these could sell for a higher price in the future. Wish me luck! Cheesy
212  Economy / Collectibles / [Question] "In Code We Trust" Silver Rounds on: March 17, 2024, 06:07:21 PM
I have a few of these in my collection which I want to know more info about. To refresh your mind, here's how they look like (front and back):






Can anyone tell me how many designs were released? Also, what would be the mintage numbers?

Your input would be greatly appreciated. Thanks in advance. Smiley
213  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now on: March 17, 2024, 11:56:56 AM
I think that until now Doge remains the king of meme coins because so far there has been no meme coin that can beat Doge in terms of market capitalization and popularity. It is very difficult to replace Doge as the king of meme coins because Doge was the first meme coin and was the beginning of the creation of meme coins.

Lets not forget that Dogecoin also has Elon Musk's endorsement. This should keep it afloat for quite some time. The rest of the other coins are trying to carry on with Dogecoin's success. But they will eventually fail. After all, they "can't beat the real thing". I hope the crypto market becomes mature enough where "meme" coins and speculative NFTs are no longer its driving force.

With serious projects laser-focused on real use cases, the crypto industry could reach new heights. I'd try to avoid "meme" coins like the ones mentioned by the OP, just to be safe. It's not always about making money, anyways. Grin
214  Economy / Economics / Re: Fix the money, Fix the world. on: March 17, 2024, 11:25:32 AM
According to me the difference and inequality between rich and poor can never be controlled. We are thinking that through BTC this inequality can be reduced or controlled but the problem is that money has to be used to buy BTC as well. That means people with more money will be able to buy more BTC and people with less money will be able to buy less BTC. Again, there are many people who are not interested in investing in BTC and prefer fiat currency savings or investing in fiat currency. Many people who invest in BTC will withdraw their investment from BTC when the value of BTC is too high.

I get your concern. Especially now when most wealthy companies, institutions, and/or individuals are acquiring large amounts of the circulating supply. If this keeps up, the "average Joe" will be left behind in the dust. Things are worse when network fees skyrocket. Developers claim the Lightning Network is a solution to Bitcoin's scaling problems, but I fail to see how that's the case when you still need to make an on-chain transaction to open/close a channel on the LN (where high fees can't be avoided).

It would've been best for BTC to gradually increase the block size to establish a balance between decentralization and scalability. Forks like BCH and BSV have a higher block size, but they're centralized because they did it "all in one go". If they would've taken the "slow and steady" approach, they would've stayed decentralized by now. Only time will tell us if Bitcoin will be able to fix the world. Sad
215  Bitcoin / Bitcoin Discussion / Re: Is the newly minted USDT, a driving force to surge of BTC ? on: March 17, 2024, 11:15:31 AM
The money still is flowing into crypto.

MSTR selling convertible notes to buy $500M more of BTC, and last week they bought $800M

USDC printed $370M in the last 2 hours

And the biggest of all was yesterday we had a record $1B in inflows to the etfs.

Going to be a ATH every day.

It's all because of the "ETF hype". More money is being poured into the crypto market, which is a good sign for long-term "hodlers". But stablecoin issuers' recent move, should raise a red flag to the whole market. If all blows up, expect prices to go all the way down the drain in an instant. There will be a massive bloodbath never before seen in the history of crypto.

I'd advise anyone to steer clear from stablecoins (particularly Tether/USDT) just to be safe. Only use them if you want to do day-trading or protect yourself against short-term volatility. Long-term speaking, you should consider cashing out your crypto directly to your bank account. Who knows what surprises we'll find in the future? Cheesy
216  Bitcoin / Bitcoin Discussion / Re: JP Morgan says BTC price could drop after 2024 halving on: March 17, 2024, 11:08:09 AM
Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again. 

Prices are dumping at the time of this writing. I'm sure JP Morgan is taking advantage of the situation to grow its stack of BTC. Why should we follow someone else's opinion to make decisions? What JP Morgan said is true, especially when prices decline shortly after the halving hype. But the bank is emphasizing its comments hoping to cause a huge crash in market prices. Are we going to let it win? Or are we going to keep buying and "hodling" BTC no matter what?

Noobs don't know how crypto works, so they will make blind decisions based on someone else's opinion. I've used to believe all the FUDsters until I've got tired of their schemes. With BTC growing bigger and stronger than ever, don't expect it to fail anytime soon. Who knows if it lasts a lifetime? Smiley
217  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: March 17, 2024, 10:50:02 AM
Campaign paid.

Another successful payment. Thanks a lot! Cheesy
218  Alternate cryptocurrencies / Altcoin Discussion / Re: Can governments crack down on crypto? on: March 14, 2024, 04:42:15 PM
I would like to know your views on the acts of repression of the crypto market:
  • Can crypto continue to thrive without the support of governments?
  • Do you think governments can suppress and restrain the crypto market with their power?
  • If you were the head of government, would you accept or reject the crypto opportunity for your country?


Governments already have the power to suppress crypto. They can do so by controlling centralized exchanges. It's no secret that most crypto is held by third-parties (private custodians). Only a small fraction of crypto (particularly BTC) is held on self-custodied wallets. So if governments like the US and UK want to destroy the crypto market, they can do so by shutting down CEXs (or prohibit them by doing business with US/UK-based customers). What they can't control is Blockchain networks themselves because of the way they were designed.

If all of the world's countries went against crypto (which is very unlikely to happen anytime soon), it will survive as long as it remains decentralized and censorship-resistant. Of course, market prices will dip. But you can keep using the coin of your choice completely under the radar of the government. It's what's happening with Monero right now where most centralized exchanges are de-listing it. Market prices are low, but the XMR blockchain itself is alive and healthy as usual. Who said crypto was created to please banks and mainstream governments? Wasn't it all about "eliminating" the middleman? Smiley
219  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Polkadot, what do you guys think? on: March 14, 2024, 04:38:10 PM
It hasn't gone into bull mode like BTC has, is there a reason?

What do you think about the future price of Polkadot?

I guess Polkadot hasn't brought the attention of mainstream investors yet. They're focused on the spot Bitcoin ETFs and the upcoming halving event in 2024. Besides that, investors are putting their money into rival smart contract blockchains such as ETH and SOL, leaving DOT behind in the dust. I've used to wonder why, especially when Polkadot has promising tech behind it. Parachains and Polkadot's modularity should make it one of the most scalable blockchains in the world. It could've challenged SOL and BSC by now.

Maybe the upcoming Polkadot 2.0 upgrade will make things better? If not, don't expect prices to rise anytime soon. I'd invest a small amount of money into DOT just to be safe. Cheesy
220  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now on: March 14, 2024, 04:35:53 PM
The memecoin craze has returned in full force, with several meme-themed cryptocurrencies seeing massive gains recently. Leading the pack is PepeCoin (PEPE), which has skyrocketed over 60% in the last 24 hours.

Pepe is a memecoin based on the popular Pepe the Frog meme. It was originally launched in 2013 but gained renewed interest this year as the memecoin market heated up again. The recent price surge has made Pepe one of the top trending coins today, according to CoinMarketCap.

Other memecoins seeing big gains include Wif, FLOKI, SHIBA and Bonk. All doing impressive numbers over the weekend.

The return of memecoin mania also reflects the powerful momentum of hype and virality in crypto. Memecoins often have very enthusiastic online communities that aggressively promote their coin, fueling massive rallies. While memecoin investments are highly risky due to the volatility, the potential for explosive short-term gains is enticing many retail investors.

The comeback of memecoin mania is also indicative of the current bullish sentiment in the crypto markets. With Bitcoin and Ethereum recovering strongly in 2024 so far, investors are more willing to speculate on altcoins in hopes of parabolic returns. This is pushing up memecoins along with the broader altcoin market.

The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

If you're willing to take huge risks with your money, then investing in "meme" coins should be a no-brainer. But I wouldn't advise leaving Bitcoin behind, especially when it's the major driving force of the market. I know many people want to get rich quick with crypto. But that's not the way it works. It takes a lot of patience and dedication to get what you want.

"Meme" coins were created as speculative investments serving no purpose other than being a pure joke. Just because Elon Musk endorsed Dogecoin, doesn't mean "meme" coins are worth it. Unfortunately, the level of immaturity in the crypto/Blockchain space has led us to an influx of "meme" coins that moves us away from Bitcoin's original values. I sure hope this craze comes to an end, so people could focus on what matters most.

It's not about the hype, but rather the usefulness of any given cryptocurrency. If the coin you've selected provides real use cases to the world, then it could last a lifetime. Just remember to diversify your investment, and there should be nothing to worry about. Grin
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