If I had to choose between paper money and CBDC, I would still prefer paper money. Although CBDC will make it more convenient and easier for us to store, what I find most frustrating about CBDC is that we have almost no privacy when using CBDC. The government tracks every transaction, even I buy a cup of coffee is tracked, every time I think about it, it makes me angry. If we use paper money, there is still a small amount of privacy.
Paper money is great in the sense that you get privacy with every transaction, but it's definitely bad for the environment. Not to mention, governments spend a lot of money when printing bills and coins in the process. Having a full-fledged digital cash system not only eliminates the need for countries to print more money (sort of), but it also reduces waste (money would be digital after all). Like it or not, I think CBDCs will render paper money obsolete as the world transitions towards the digital era. The future will consist more of intangible objects than tangible ones. You can see how decentralized cryptocurrencies and NFTs have become extremely popular these days. It shows us digitalization is unavoidable. Of course, it will take years before paper money is phased out for good since not everyone is used to making digital payments on a daily basis (think about the elderly). I wouldn't need to worry about CBDCs as long as I have decentralized cryptocurrencies (eg: Bitcoin, Litecoin) by my side. Who knows what the future would like with CBDCs and crypto in play? Just my opinion  |
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It is the shift of power from West to East, it is described as giving birth. It is hard and painful and it also takes time but the end result is beautiful. This is also why the effects in the West are more severe than the effects in the East. Right now any politicians in the seats of power that have accepted the New World Order is putting their country in alignment with that new Order. Others that don't accept it are resisting or denying it altogether while they experience increasing number of crisis.
For example UK is facing a cost of living crisis with mass protests and strikes every day that has reached their rail workers halting the public transport. This is on top of electricity blackouts and water cut offs in different parts of the country like Manchester, Northumberland, Farington, ... that the English are facing.
I wonder if both China and Russia will constitute what would be called a "New World Order"? The West seems to be showing signs of weakness, so I wouldn't be surprised if this happens within the not-so-distant future. If democracy loses, then authoritarianism will reign supreme over world countries. Some say the US will collapse, paving the way for autocratic countries (like the ones mentioned previously) to take over the world. If this happens, then we will be nothing but doomed. We'll see how long countries will keep funding Ukraine as inflation continues to soar like there's no tomorrow. It's likely they will stop supporting Ukraine in the future as they head themselves towards a tough financial situation. Unless the conflict comes to an end, we can't expect the global economy to show signs of recovery anytime soon. The future is widely unpredictable, so we can only hope for the best. Just my thoughts  |
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Thought i had one.. went through a 100 copper coins, and not one in sight. Every single other one though. Even guardian in silver and antique silver... but i did find one for you on ebay.. but only one... are you in states? https://www.ebay.com/itm/115039657362Yes. But I'd prefer to pay in Bitcoin just to save money in fees (if you know what I mean). A forum member made me a interesting proposition via PM lately. I've already sent him a reply waiting for an answer in return. If the deal goes through, then I will lock this thread. Thanks for the suggestion, btw. It's much appreciated.  |
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Thanks but I was hoping to buying the coin with BTC instead of Fiat (I'd also avoid save money in fees and whatnot). Besides, I already have the other two coins in my collection. I only need "The Guardian" coin in copper to complete my set. If you know of anyone who has one for sale, please let me know. |
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I'm looking for a Bitcoin Copper Round with "The Guardian" design made by Anonymous Mint.  If you have one for sale, please contact me via PM. I will take the best offer. Shipping would be to the United States. Thanks. |
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Paid
Received. Thanks a lot!  |
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If anything has been a test recently for the ability to filter out hard currency, it was definitely Covid. The amount of people who switched to electronic payment methods surged throughout the pandemic and lots of online financial institutions benefited. Now we're somewhat seeing a reverse in that trend, as bad economic times in the form of recession have caused some to return to counting out coins and notes as a budgeting strategy. It seems like having cash available is good, especially as banks can break and having a backup solution of physical objects is helpful in certain circumstances. We're also forgetting that many other countries in the world are still playing catch up to the most cutting edge solutions in technology and accessibility.
Exactly. COVID-19 greatly increased mainstream adoption for digital payments. Not only that, but it also paved the way for remote jobs and telemedicine. We were heading into full digitalization because of the negative effects of the pandemic. Unfortunately, the Russo-Ukraine war has pushed society one step backwards due to rising energy costs. We cannot avoid paper money now when most people can't use electronic systems because of the high energy costs. It's going to take quite some time (decades maybe), before paper money is phased out for good. At least, we already have digital currencies with us. With Bitcoin and other similar cryptocurrencies, we can dive into the world of digital payments without the need to wait for the launch of CBDCs. Those who adopt crypto/Blockchain tech now would be considered pioneers of this industry in a future where everything will turn digital. As long as decentralization prevails, nothing else matters. Just my thoughts |
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Yeah, all those unexperienced traders were expecting a surge in price before or after the merge, but instead it went the otherway around. This could be basically foreseen by those who know the fundamentals. Now, if Ethereum was something valuable when it was represented by a decentralized network, logic would point out that it would not be that valuable if it was not decentralized. Eth is now absolutely centralized, so I see no difference from BNB at this point. Now, would you say that BNB would go to 5k as well, and what would be the fundamentals behind that belief??? That is about what I can say to anyone who still sees value in eth...
It went the other way around because the global economy is in a pretty bad shape. That, and also the fact that investors were disappointed after they've discovered Ethereum became a centralized "shitcoin". We can never expect prices to rise if there's a lot of negativism surrounding the market. I think it's going to take quite some time before ETH reaches a new All-time-high in price. The same can be said about Bitcoin. Only those who're patient will be able to obtain great results with their investment in the future. I just hope ETH solves centralization issues, to help fulfill its promise of being the "unstoppable platform for decentralized applications". Otherwise, the idea of Web 3.0 would become nothing but a dream. No one knows what the future holds for ETH, so we can only hope for the best. Just my opinion |
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03 - Abiky Happy Holidays! |
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81 - Abiky Thank you for hosting another free raffle, Krogoth! Happy Holidays! |
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To those people that are not yet in crypto, FTX really has broken the image of crypto entirely. But to us, we all know that it's just FTX that messed up and the market is still going on stronger and better with all of these events.
As another part of history has been made, this should be the sign to everyone that in terms of trusting them, we shouldn't give our whole trust of handing them our money and keeping it to any of them.
That's certainly true, mate. FTX's downfall would certainly give a bad impression to the general public. Many people will believe crypto is a scam or a fad after this. I'd say history has repeated itself as something similar happened a few years ago when Mt. Gox collapsed. We're going to have to wait quite some time before confidence is restored into crypto/Blockchain tech. Instead of whining, people should take this opportunity to buy more crypto at hugely discounted prices. Once the bull market resurges, you'll be able to cash out big profits in return. Ultimately, the collapse of a major crypto exchange tells us to never trust third parties with our money. I hope this would mark the beginning of the rise of decentralized exchanges, as people take self-custody of their coins very seriously. Who knows if sometime in the future centralized exchanges are no longer relevant in the crypto/Blockchain space? Just my thoughts |
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Elon has also been pretty vocal that he thinks we're headed into a dangerous recession. I think the yield curve would tend to agree with him. Crypto is going to have a difficult time over the next year as the Fed realizes that it's going to cause an economic collapse if it doesn't pivot and begin lowering rates. We've seen this all play out before. I think the Fed is hoping that inflation keeps assets high enough that we avoid cascading liquidations among the big firms, which would be the difference between now and 2008, but the Fed rarely ever gets it right. Cash will be King shortly I feel, but once this recession is digested I think we're all hoping for another bull run.
The FED will ultimately destroy the American economy if it keeps raising interest rates. Other countries will follow suit because they depend on the US Dollar as the reserve currency. Not only a deep recession affects the workforce, but also risk assets like stocks and crypto. I believe prices will continue to go downhill until central banks stop raising interest rates for some time. While I'm confident BTC's price will rise again, it's going to take a long time before we're able to see a positive return on our investments anytime soon. We should take this opportunity to buy more BTC at a cheap price before everything goes back up again. Who knows if making the right move today would lead you towards massive profits in the future? Just my opinion |
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It is impossible to ditch fossil fuels for good because energy is not their own usage. From your mouse and keyboard that are made from oil products to fertilizers that use gas and gas products need fossil fuels.
As for nuclear energy, the problem is that the technology is in the hands of a small number of countries, and they have to build nuclear facilities for 90% of the world (they will not allow you to have the technology at any cost either). On top of that the nuclear fuel is also in the hands of a small number of countries (like Russia!) which means switching to nuclear energy comes with the same dependence as fossil fuels.
Well that sucks. If that is the case, governments would be "deadlocked" in their efforts to help restore the economy back to its former glory. Unless the war between Russia and Ukraine ends, I don't think things will improve anytime soon. Sooner or later, this will be all over as wars don't last forever. We're yet to see whenever the pandemic will disappear in the distant future or be with us forever. Everything will depend on governments' collaborative efforts to help put an end to all of this mess for good. I just hope world countries don't end up like Venezuela with a hyperinflation that makes it impossible for poor people to acquire life necessities. It will be complete chaos if this happens, greatly establishing a fine line between the wealthy and the poor. The future is widely uncertain right now, so we can only hope for the best. Just my thoughts |
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One (x1) LTC copper chip of the lowest number available, please. PM incoming shortly. Thanks, MrCryptHodl! |
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Technological mining does not cause that much harm to environment. It is not literally the same with mining concerning land and minerals. It only uses electicity and ofcourse equipments. If it is only electricity which is concerned, then governments could demand miners to use solar panels. Also, it is another thing if prohibition is directly towards usage of cryptocurrency. An individual can mine Bitcoin and be not allowed to use it for daily transactions, as simple as that. Governments are just wanting taxes and they just cannot do it with currencies other than taxation. Sk if it is mining alone, then I guess it would be a blurry reason for them to ban such activity, especially if it won't be announced and such.
Of course. Governments could force miners to rely on alternative energy sources to reduce carbon emissions as much as possible. But I see they're using the "high energy consumption" narrative as an excuse to get rid of Bitcoin for good. And what better way than banning PoW mining altogether? The EU already banned Bitcoin mining due to "environmental concerns", so what makes you think the US won't do the same as world countries try to fight climate change? The pressure is already mounting on Bitcoin, as many cryptocurrencies are switching to PoS without second thoughts. Imagine what would happen if Bitcoin were the only PoW cryptocurrency in the world. Most countries will ban it, greatly reducing worldwide adoption. No one knows what the future holds for the cryptocurrency so we can only hope for the best. Just my thoughts |
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I think Dogecoin became something other than normal coin. Its probably more recognized than Ethereum even. People buy and sell Dogecoin mainly for quick profits. So Elon Musk is not only reason, Doge is nice option for all kinds of speculators. Doge sort of has use too, many people prefer to use it for quick and cheap transactions. None of meme coins can claim Doge's place. Elon Musk speculation is just another reason to buy it.
Dogecoin is full of speculation. It really doesn't bring any real value/utility to the mainstream world. The only reason it's going up in price it's because of Elon Musk. But the effects won't last for long as people move on to the next big thing in crypto. Bitcoin is the only cryptocurrency you should care about, since it's the one that started this whole craze. It's decentralized unlike any other cryptocurrency in the world, with a very limited supply of 21m coins. You can see why the whole crypto market goes to the moon once Bitcoin starts "pumping" in price. I don't think any other cryptocurrency would be able to survive on its own without Bitcoin (this shows us BTC is the reserve cryptocurrency of the market). Remember, crypto is not about Elon Musk but rather a movement that's bound to change our world for the better (or at least, improve it). It may not replace Fiat, but it will certainly challenge it as an alternative monetary system anyone can join, anywhere in the world without limitations. The crypto market is extremely volatile at times, so I'd suggest you diversify your investment to reduce your losses as much as possible. Just my opinion |
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The future remains uncertain for privacy coins given the government's desire to crack down on the cryptocurrency sector. Additionally, their unique features make it easier for cyber criminals to potentially use them in malicious ways.
It's hard to deny that investing in crypto assets with diverse use cases can only be good for the crypto community as a whole. There are potential benefits not only to personal financial health through diversification and hedging, but also increased awareness and widespread adoption of decentralized systems.
Privacy coins have a chance to become the norm in the future if people start buying more privacy – cash. Why? Because what you do with your money isn't the government's business, it's getting you out of the system. Being your own bank means you earn your own interest on your money. We are entering a new era where people will stop caring about privacy, but I think it will be a while before we get there.
Governments will now have the perfect excuse to ban privacy coins and mixer protocols by saying they need to prevent scammers and/or other malicious actors from "harming" the industry. With the FTX collapse, I'd expect governments to become more aggressive against crypto/Blockchain tech. While I believe privacy coins and mixers will survive, not many people will use them due to fear of getting caught by the government (which could lead to fines, or even imprisonment). That's what we get when we try to bring Wall Street into the decentralized world of crypto. Things were much better for Bitcoin and crypto in the early days than what they are right now (there was less centralization and KYC wasn't mandatory across centralized exchanges). The more scandals occur on the crypto/Blockchain industry, the less freedom/privacy people will have in the future. The US government started with the Blender mixer, and now it sanctioned the Tornado.Cash mixer protocol. But I don't think it won't stop there as it will try to escalate towards privacy coins, and even decentralized exchanges. Unless people stand strong against governments' actions, we won't be able to achieve any progress on freedom/privacy anytime soon. Just my thoughts |
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Every coin that wants to survive the PoW bans will convert to PoS or a token. Bitcoin is leaderless, so becoming a token on ethereum or cardano will be it's only chance for survival. Bitcoin is in Danger of having DAR added to it's code, which would allow the world governments to censor all transactions they did not like, and allow coin seizure of bitcoins with a court order. So Censorship resistance and decentralized will be meaningless. https://bitcointalk.org/index.php?topic=5420975.0I don't think miners or the community as a whole will approve the transition from PoW to PoS within the BTC blockchain (even if developers decide to change the code someday). Such a move will destroy everything Bitcoin has a achieved so far (which is decentralization and censorship-resistance). What might happen is that Bitcoin will split into two currencies, leaving us with Bitcoin Core (PoW) and a PoS version of the Bitcoin blockchain. It'll be just like what happened with the block size debate where Bitcoin was split into both Bitcoin Core and Bitcoin Cash. Like it or not, the original chain will remain PoW even if the vast majority of crypto defect to PoS. Just because governments (especially those within the EU bloc) are pushing towards PoS, doesn't mean Bitcoin has to do it. I'd prefer Bitcoin to become the opposition than sacrificing its decentralization by satisfying governments' demands. Considering that the community won't allow BTC to turn to PoS, we should expect further opposition from the EU and other countries over time. I'm fine with that as long as Bitcoin remains an unstoppable cryptocurrency. Just my opinion |
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Cryptocurrency will of course have future bull markets. I have lost count of the amount of times people said bitcoin is dead. So many times, so many obituaries but we are still here churning out block after block after block.
It does take balls to HODL through long bear markets but you just need to be patient. A bit of patience is not much to ask for great profits that are not achievable in stocks & bank products.
Stay strong, HODL & you will be greatly awarded.
Exactly. Crypto always makes a comeback after it goes through a lot of pain. It really never dies thanks to the way it was designed (with decentralization in mind). As well as you do, I think there will be future bull markets as a result of renewed interest among investors and traders alike. In the meantime, I suggest you to buy and "hodl" prominent cryptocurrencies while market prices are still cheap. Who knows if doing the right thing today will lead you towards massive wealth in the future? As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts |
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If you read Bitcoin history you can see that everything that's happening now has already happened before.
Exchanges going out of business, people losing their money, mainstream media talking negatively about Bitcoin, etc.
Bitcoin price fluctuation in the short term based on multiple factors, but with a steady long term increase.
The fact that Bitcoin is still alive and well after more than a decade means that it's here to stay now.
Price will continue to oscillate as it usually does.
Exactly. If you've been into Bitcoin for quite some time, you'll notice its price can either go up or down in an instant. It's like a rollercoaster ride if you ask me. Noobs usually believe Bitcoin is meant to always go up, simply because they think it's a means to get rich quick. But that's not the way it works. Right now, there's a lot of negativism surrounding crypto/Blockchain tech because of the Terra/LUNA implosion and the collapse of a big crypto exchange (FTX). This means lower market prices for Bitcoin during the short term. Long-term speaking, prices should rise as BTC becomes scarcer with every block reward halving (sort of). If the global economy restores by the time 2024 arrives, then there would be nothing stopping BTC from reaching a new ATH in price. As I've said many times before, no one can predict the future. Just play it safe by never putting all of your life savings into Bitcoin, and you'll have nothing to worry about. Just my thoughts |
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