It's a bitcoin mining ban, although Europe has stored enough gas for this winter, if the climate changes abnormally, they will still be short of gas, so limiting energy use is extremely urgent now. Traditional manufacturing companies have also had to close due to lack of energy, so their ban on bitcoin mining is understandable. But what worries me is whether when the gas supply returns to normal, the energy stabilizes, will these mining bans be lifted or will they stay in place forever? because they always put the thing that bitcoin consumes energy and that is an excuse for them to find a way to get rid of bitcoin, they always wanted to do this before the crisis hit.
We're going to have to see whenever the EU will lift the ban after it becomes energy-independent or leave everything as is. It seems to me that this is nothing more than an excuse to get rid of Bitcoin for good. After all, governments don't want people using Bitcoin on top of Fiat. Effectively, Bitcoin strips away governments' control over people's finances by eliminating the middleman (which has always been banks). I wouldn't be surprised if other countries join the "green energy" narrative in order to minimize Bitcoin's preeminence in the mainstream world. Fear not, as not every one will be completely against Bitcoin. There will be a few countries that will still support it no matter what. I'd expect PoW's lifespan to prolong itself because of this. Other coins may turn to PoS as they won't be able to handle the pressure. You can see why ETH pleased the regulators by becoming a PoS blockchain right after sanctions were implemented on the Tornado.Cash mixing protocol. Imagine what would be of crypto/Blockchain land if 99.99% of the coins turn to PoS. It will be a centralized playground for governments and central banks alike. At least, Bitcoin won't be going anywhere. As long as it stays decentralized, there should be nothing to worry about. Just my thoughts  |
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Interesting coz you've mentioned Magi twice already. I'll have to check on this especially on their protocol. Would you also be willing to check on TAU? It looks like you something about codes. Might help, might not but it is a good thing if Magi penalizes big miners with reduced rewards. TAU itself has a Fibonacci sequence up so that new miners will always have advantage since they'll have a higher base mining power compared to old miners.
TAU has a very interesting concept which is often overlooked by investors and traders alike. It's just like Magi, where only a few people know about it. I don't think any other CPU-mineable coin comes close to Magi (XMG) when it comes to achieving fairness and equality among network participants. Although the project was abandoned by the original developer, it's quickly gaining traction as the community has taken over it (just like Bitcoin). If only XMG was listed on a good exchange, its market price wouldn't have been this low. At least, the network is fully functional. I'd suggest you join the project's Discord server if you're interested in learning more about it. Here's the link to it: https://discord.gg/EPHw749That is because mobile phones are thrice cheaper than the computers plus they are more portable. You cant carry your computer outside and the best part is that mobile phones are now more powerful than the standard computers. This is why projects like the one the op is talking about are now being implemented. That magi (xmg) you shared there is also cool. Didn't knew that there are projects like that who exist who favours small miners than the big miners.
I think the inventor of it was once a small miner and he invented it as a revenge to the big miners. If the coin's value isn't big then we can say that we are doing it for fun but who knows, what if it grew a lot someday?
There are many hidden games in the crypto market waiting to blossom someday. It would be surprising if someday XMG goes all the way to the moon. If you mined coins and held them by the time that happens, you'd be making serious money in return. That's why I mine old and abandoned coins for fun. You never know when you hit the jackpot if the project revives sometime in the future. I'd say Magi's model solves the problem of inequality on the Blockchain. Maybe leading cryptocurrencies like Bitcoin and Ethereum will copy its model in the future? |
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It's true that there are still exchanges that are still listed and the government can't do anything with them, they can order certain exchanges to take them down but they can't dictate everything.
Governments can't do anything directly to the project but they can always target exchanges to take them down or create laws restricting users from owning as any crypto starts to get regulated. Privacy coins may continue to exist but there is no guarantee that users will continue to use them as the government itself will do whatever it takes to restrict users from acquiring these kinds of tokens.
if it's truly 100% decentralized, any sanction won't affect it because anyone can still use it. The price of privacy coins is based on demand and supply, so since the sanctions are primarily focused on privacy coins, it may drop the price due to panic and reduced demand. IMO holding privacy coins long term is not a good option as government always enforce KYC submission which will eliminate privacy issues.
Governments know the easiest way to get into crypto with Fiat are centralized exchanges, so they're doing everything they can to prevent as much people from obtaining true financial freedom. You can see why there's KYC all over the place, making the crypto industry no different than traditional banking. It's very hard these days to buy or sell crypto without KYC due to the number of limitations introduced by mainstream governments. There are so many obstacles that the average person would prefer to give away his/her privacy to join the revolution. Truly-decentralized and privacy-oriented projects are often a target of governments, as they want to stay in control/power no matter what. The US started with the Blender mixer and now it has escalated to the Tornado.Cash mixing protocol. What makes you think privacy coins won't be next? Other countries usually copy the US' footsteps, so things could only get worse in the long run. That's what we get when we want institutional investors and VCs to join the revolution. Don't expect regulations to soften anytime soon. Who knows what the future holds for crypto/Blockchain tech? Just my opinion  |
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we all know that once CBDCs come into play the crypto landscape will be hugelly affected. They are already targeting POW blockchains and that is how they will start. They will turn POW blockchains illigal and push most of them to POS. BTC will have to resist or else....
Of course. Governments will increase their attacks against crypto after CBDCs are launched. But that doesn't mean it's the end of the world. It'll be up to the community to stand strong by keeping crypto as decentralized and censorship-resistant possible. Strong projects will last for generations, while weak ones will become history. I think government-issued digital currencies (or CBDCs for that matter) will benefit crypto more than it could harm it due to the publicity it will provide. People around the world will get to know there are other digital payment systems with the rise of CBDCs and the termination of paper money. Just like Gold co-exists with paper money, credit cards and Bitcoin today, the same will happen after the launch of the Digital Dollar or any other CBDC. We really have nothing to worry about as long as crypto remains true to its principles. Who knows if we're closer to a full cashless society than we've previously imagined? Just my thoughts |
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Admittedly, the death of FTX severely affects Solana as FTX is known to be Sol's biggest strategic investor. Currently, Sol's price is under $20, if you compare it to ATH it's a huge drop but if you compare it with Sol's ICO sale price of $0.10, now the original investors are still making huge profits investing in Sol.
I don't appreciate Sol but it certainly won't die just because of FTX, as for Sol being able to replace ETH, at first I thought it was a myth and never happened. It's all just their marketing hype.
Solana will never replace Ethereum, but it will be a good alternative for those who'd want ultra-fast transaction speeds at a fraction of the cost. Compared to other coins, SOL is the best crypto for day trading, NFTs, and P2E games. The FTX collapse will only affect the cryptocurrency's price within the short term. But it should be able to rise back up again if developers continue to work on the project no matter what. For what I know, nothing lasts forever. Either Solana disappears or remains on the scene for a very long time. As long as you diversify your investment into various cryptocurrencies, you'll have nothing to worry about. Just my opinion |
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I think every one of us will be long dead for no paper money to be in effect.
Here is why:
In order to make it in effect. Every one would need to be hard wired chipped.
The chip would need to be run off your body heat.
The chip would need to match your DNA.
If you are identical twins triplets etc the chip would need special coding to say which one you are.
The chip would need to be not removable .
I think all of the above will not happen anytime soon.
Minimum 2121 A guess.
I also gives if it does happen DOGE will be the coin for the masses not BTC
BTC will be more exclusive due to its scarcity.
most peoples chips will not be allowed to possess or use it.
Don't forget about Quantum Computers. If governments want to digitize everything, the best way to do it is by using Quantum technology. Classical computers won't be able to scale to millions (if not billions) of people worldwide. Combine Quantum Computers with implants, and everything you do (not limited to financial transactions) will be digitized for good. If CBDCs launch before all that, they will only be a prototype or something that's a work-in-progress. It's going to take years before the system is perfected for use worldwide. I think there's a long road ahead before paper money is phased out for good. As you've said before, neither you or I will be alive by the time that happens. At least, we'll be able to enjoy paper money's privacy benefits while it lasts. Just my thoughts |
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Indeed, Ukraine war is behind all financial crisis which created logistic issues worldwide and caused financial crisis all over the world. this war is a madness and it continues it can potentially spread to other countries which can create very dangerous situation for the whole world. Central Banks usually reduce money supply by increasing interest rates which mostly works but it is not good solution for long term as it reduces business activity.
Central banks can't keep raising interest rates forever. Sooner or later they're going to have to take a softer stance against inflation, as it will do more harm than good to markets and businesses themselves. People are going to have to hold off until everything goes back to normal. I'm hopeful the war will come to an end by 2023, as countries continue to supply weapons and aid to Ukraine. A Ukrainian victory would be a terrible shame for Putin. It could end his regime as we know it. Not only that, but such victory would also strengthen democracies worldwide. No one knows what the future holds, so we can only hope for the best. Just my opinion |
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It is unrealistic to expect in the near future, but it is not something impossible to achieve.
Matic supply is large, but the team may burn them to trigger a significant price increase.
It's possible the MATIC team will copy ETH's model by cutting the network's supply of tokens in circulation. They could either burn a large amount of coins, or simply introduce a deflationary mechanism into the protocol. If developers do this, then there's nothing stopping MATIC from reaching $20 and above. Either MATIC becomes a store of value or a currency/utility token for day-to-day payments. I don't mind about the price as long as MATIC remains a practical blockchain for dApps. Cheap fees and blazing-fast speeds is what makes MATIC a better ETH alternative. Reducing the supply, on the other hand, would make transactions on the Polygon (MATIC) chain more expensive. The community will have to decide what's the best path forward for the cryptocurrency. Who knows how much MATIC will be worth in the future? Just my thoughts |
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I remembered the coin I used to mine before Chia, it's MASS: https://massnet.org/en/The coin is available to trade in MEXC or Huobi for example, but I didn't know anything about the roadmap, news etc In my opinion, it's not lack of HDD minable coins, or lack of interest by the public, it's more about which problem the coin will solve? Why not choose any other available coin? HDD mining in theory is awesome, less power to consume, easy to get HDDs (more decentralized), but the coin need a solid project, need to solve a real world problem. It's all about utility. There are so many coins on the market, but only a few provide real use cases to the world. HDD-mineable coins are no different. I've never heard about MASS until you've mentioned it now. I'm going to have to do a little research on it to see if it's worth it. Still, no other coin compares with Chia as it's the most profitable HDD coin to mine right now (if I'm not mistaken). Some would say HDD-mineable coins are more decentralized than ASIC-mineable coins, but that depends on how the network is structured. I think HDD mining could pose a higher risk of centralization as data centers usually have a large number of HDDs at their disposal. Imagine if Google, or even Amazon takes control of an HDD-mineable coin with their huge storage space. It would've been a complete disaster. I don't think they will be able to manage to acquire large numbers of ASICs, as such devices are usually more expensive than ordinary HDDs. The industry is just starting to blossom, so I'm hopeful developers would come up with a solution to make HDD mining more decentralized. That is if the hype goes back up again. |
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the war is just the excuse of world wide inflation
take energy.
here in the UK we have nuclear power and our oil/gas fuels are in the north sea. our energy companies increased its prices because its stuck with selling them on the global market order sheet(international price but even though the energy stayed local). but that just means that it profited HUGELY
inflation has been opportunistic
growth was held down for a decade, payrises of the lower wages did not move much so suddenly now there is a war politicians across the planet can hike things up in price and point the finger at "war"
that said
this seasons bitcoin prices still buy more goods than the last relative low before the last years ATH
yep before the last ATH the low was in 2020 of ~$4k
bitcoin in 2022 still at its lowest for 2022 stil buys more goods and services than 2020 bitcoin low
You can see how rising inflation rates benefits more the wealthy and politicians than ordinary people. If world governments would've wanted the war to end quickly, they would've done something already. It's not about supplying weapons and economic aid to Ukraine, but rather joining the war against Russia itself. While Ukraine seems to be winning, the war is still far reaching an end anytime soon. I don't think inflation will ease until the war is over. BTC's price is being severely affected because of central banks' rising interest rates. At least, they won't be doing this forever. As you've said, Bitcoin is still worth a lot more than its low of $4k back in 2020. With Fiat currencies becoming stronger, it makes sense Bitcoin would have a lower price than usual. Just wait until this is all over, and Bitcoin will be back on track towards $100k and above. Who knows what the future holds for the cryptocurrency? Just my opinion |
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Campaign paid
Received. Thank you!  |
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Feels like a very long time ago the price was in the $60,000’s. It’s going to take 2 years or so but we will hit a new ath & go far higher than the current ath.
Only the strongest hands can handle the volatility of bitcoin & the long, bleak bear markets we have to endure.
Stay patient & stack sats.
I really hope so. Bitcoin's been often proclaimed as the new "safe-haven" asset in times of crisis, but what I've seen is all of the contrary. I know BTC is for the long-term, but most people are really looking into short-term results. Something that could protect them at a time when there's global uncertainty just like Gold. The latter hasn't experienced a large decline in price, unlike Bitcoin. I guess people still trust Gold more than they would trust Bitcoin. I don't blame them since Bitcoin is still relatively new to the world. Gold has been around for centuries, while Bitcoin is only 13 years old. I think BTC needs more time to mature for it to become a reliable store of value. Maybe 2024 will take us all by surprise with BTC crossing its latest ATH of over $60k per coin? Just my opinion |
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I remember when bitcoin started to drop at the end of 2021, which means bitcoin is still in a 4-year cycle, and after the price reaches its ATH, it will begin to drop. The price drop happened before the war and then the inflation, the crisis...I think without these events we wouldn't be able to expect a bull season to come to us anytime soon, we still have to go through the same 4-year cycle as in the past. I'm wondering if the end of the war and the economic recovery before 2024 mean that before the halving happens, bitcoin will rise and create a new ATH?
Probably. But if the global economy takes longer to recover, don't count on BTC reaching a new ATH in price anytime soon. The war needs to end first before we can talk about bringing back the economy to its former glory. A Ukrainian victory would certainly put an end to all of this mess. But if Russia wins, things will only get worse as it will escalate to other countries such as Poland, Finland, and Georgia. I don't think the EU will even manage to switch towards alternative energy sources, when it was so reliant on Russian energy exports. If somehow they manage to achieve this, then we'll be one step closer towards heading back to normal. The US would need to ramp up oil production and cut off fossil fuels to help lower costs for good. We'll see how Bitcoin will fare during a long-lasting economic crisis. It'll be a "miracle" if it goes all the way to the moon at a time when there's global uncertainty. It happened during the initial years of the COVID-19 pandemic (2020-2021), so maybe 2024 will be BTC's luckiest year after all? Just my thoughts |
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The rise in market exchange rate price for DOGE since Elon bought Twitter has been astounding. I'm sure he's already made a small fortune off accepting DOGE for his "Burnt Hair" cologne earlier in the month. It's up over 50% just in the last 24 hours. There always seems to be something hyping DOGE, but as far as I can tell it's still seeing lower highs. I question if this latest pump isn't just more of the same. If the price doesn't break over $0.20, then I think we're still just seeing pump and dumps. If it does get significantly over $0.20 and stays there, I could see it making a run for a new ATH on the news that Twitter will be implementing DOGE payments.
Dogecoin's price usually moves up when there's hype surrounding the market. I'd say Elon Musk is the one person who "adds fuel to the fire" as he pumps the cryptocurrency's price across Twitter. While sometimes DOGE experiences short pumps, that's still not enough to make it reach a new All-time-high in price. Neither Dogecoin or any other altcoin will be able to reach new heights if Bitcoin is in "bearish mode". It's the one cryptocurrency which moves the rest of the market with it. If Bitcoin goes down, so will DOGE or any other cryptocurrency you can think of. Many people are saying 2024 will be a bright year for crypto, as prices could pump following Bitcoin's block reward halving. If you bought coins at a discount now and hold onto them by the time prices pump, you'll be able to achieve solid gains in your investment. No one can predict the future, so we can only hope for the best. Just my opinion |
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Well, mostly I can use someone's service as escrow and it ends up without KYC but still, the fee from using escrow is higher than using an exchange when I compare it. Since the fee from using an exchange is the most comfortable to me until now I keep using local exchanges with KYC.
I guess that's the price you have to pay in order to enjoy true anonymity. I don't mind about higher costs compared to using a centralized exchange, as long as I'm able to get BTC without bringing unwanted attention (not that I'm doing anything illegal by the way). In times of increasing government surveillance, we'd need to remain under the radar in order to help protect our freedom. Bitcoin was created as a means to escape the system, so it's best to do everything in the most "Peer-to-Peer" manner possible. Bisq, Hodlhodl, and Localcryptos are all we need to exchange Bitcoin in a truly anonymous way. I'll be locking this thread as I've already found the answer to my question. Thanks, everyone! |
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Mining coins on mobile phones never work, also this is not what adds value to a crypto project, the last good project I knew of that used mobile mining was Electronuem and the team confessed that the mining strategy is more like cloud mining, so there for it's not real mining.
Crypto mining on phones is never going to be something that brings hype in the future unless a cryptography algorithm is built specifically for phones, at this point this is still impossible.
Look into Metaverse and Play 2 earn projects, I believe these are the next crypto hype in a few years more.
It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max. I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts |
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In free world, people including citizens and genius developers will build up good things to serve the people. Governments always run behind their citizens and I don't worry that developers will not be able to develop new things for the world.
In the past, things like Bitcoin or cryptocurrency did not exist and talking about 'having your own bank' is something like unrealistic. After all, we have Bitcoin, blockchain technology, decentralized network and we are free to choose storing our money in our own banks or storing it in central banks and live with abundant fear and uncertainty.
We owe it all to Satoshi for making Bitcoin a completely open source project. If he wouldn't had made it that way, none of this (NFTs, privacy coins, mixer protocols, etc) would've been possible today. Developers can now freely fork Bitcoin's code to create new blockchain networks with specific purposes/applications. Even in restrictive countries like China and Russia, there's nothing stopping developers from secretly making a contribution to the crypto/Blockchain space. The power of decentralization and open source would set us on a future were no single government or central bank will be able to dictate what we do with our lives. I don't think it'll ever be the end of privacy because someone will always find a way to circumvent government censorship. Especially now when we have crypto/Blockchain tech. Tornado Cash has already been forked, so this is the first step towards a brighter future for all. Just my thoughts |
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Inflation is rising globally since war broke out between Russia and Ukraine which caused high price of food and energy but since FED has taken strong measures to control inflation by increasing interest rates, it will certainly start coming down as it is evident from CPI data released this evening. CPI of October is 7.7% which is significantly lower than last month. If this trend continues, we will see decline in prices of goods & services in coming days. https://www.investing.com/economic-calendar/It's all Russia's fault. If Putin didn't decide to invade Ukraine in the first place, the economy would've been on a path towards a slow and steady recovery (since the COVID-19 pandemic temporarily affected it). Now things are worse, as Russia decided to stop selling energy/gas to the EU. This caused inflation to increase by a large margin within the bloc. Global food prices also increased due to Ukraine's inability to export wheat (although a deal was made with the UN recently to help address the issue). I don't think central banks' efforts to tackle inflation will work if Russia continues with the war. The Putin regime must be stopped so we could see inflation decline to acceptable levels. Poor people are being severely affected, while the wealthy are doing well. I hope this will be all over soon, so we could be on a road towards a prosperous future. Just my opinion |
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Something like this was happening in the past, and will happen in the future. And we always were having skeptics. I read in the history of Bitcoin that when BTC hit $1 USD for the first time many people were saying that it would surely go down from there. "1 BTC can't cost more than 1 dollar! It's overpriced!", something like that. And we know what happened next.
Bitcoin has never disappointed its "hodlers", thanks to the way it was designed. Technically-speaking, Bitcoin should become much more valuable in Fiat terms with every block reward halving. The supply won't change, but the number of Bitcoins which can be mined will be reduced every 4 years. How far will Bitcoin go will greatly depend on the status of the global economy. If everything goes back to normal by the time the next halving comes up (2024), then you can expect BTC to reach a new All-time-high in price. Otherwise, not. I'm in no hurry to see Bitcoin valued between $100k - $1m, as long as it works as intended. Utility is much more important than just market prices. For what I know, nothing is set in stone. Who knows what the future holds for Bitcoin? Just my thoughts |
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You may be will surprise but no wars are beneficial for humankind so there are some other reasons for them always, most are not really wise. If we talk about nuclear war it is totally mad, but we know there are mad people in society. So some insane things do unfortunately happen.
Bitcoin itself will survive as while at least one copy of its ledger exists Bitcoin exists. So main question is if a society will be advanced enough to have need and opportunity to use it and there might be many variations.
Bitcoin will survive, but not many people will use it. In times of war, the first thing that comes into mind are life necessities such as food, water, and shelter. Money is out of the picture. You can bet a nuclear disaster would reduce the number of nodes on the BTC blockchain (effectively making it less secure against external attacks). I suppose we're close to seeing a full-scale nuclear war (WW3?), especially when Putin have been threating Ukraine to use nuclear weapons against it (although he has soften its stance lately). It's a dangerous world we're living today, where anything can happen in a blink of an eye. We should enjoy Bitcoin while it lasts. Who knows how many years (or months) do we have left before the whole human race goes extinct because of a large-scale nuclear war? Just my opinion |
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