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2121  Bitcoin / Bitcoin Discussion / Re: 2024 Bitcoin Halving - What are Your Expectations!!! on: November 07, 2022, 01:07:12 AM
It's not possible in the fiat/USD standard.

It will be possible in the BTC standard (measuring commodities such as gas, oil, gold, copper, wheat in sats). Wink

Exactly. Most bitcoiners have been waiting for the day when the world "ditches" the Fiat standard in favor of the Bitcoin standard. I must say, this is no easy task especially when governments and central banks don't want to lose their power. Despite ever-rising inflation rates, Fiat currencies are still the moving force of the global economy. People need to start distrusting banks and use Bitcoin as their main currency for day-to-day payments. Once that happens, you can say goodbye to centralized Fiat for good.

Early adopters like you and me would certainly become filthy rich as goods and services would be valued in Bitcoin terms (not Fiat). 1 Bitcoin = 1 Bitcoin, right? The halving is bound to make Bitcoin scarcer (sort of), so it's likely we'll see a higher-priced BTC during or after the year of 2024. Which is why buying more BTC now while it's "cheap", may be the best decision you could ever make. Just my thoughts Grin
2122  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin to be used for micropayments on Twitter? on: November 07, 2022, 01:02:30 AM
Paying $8 monthly for that blue check is not a problem for other people since I'm sure it would be considered as luxury or somehow another trust layer for the twitter community given that there are existing blue check accounts are being used by scammers and trolls. Paying blue check will instantly weed out most of those blue check verified trolls and scammers. As far as I know, the only ones can avail the blue check mark are ones who are fully verified in the past which means  they are KYCed and somehow submit their ID to the platform. If ever DOGE is accepted as a payment method, We surely will see a price bump on DOGE.

The question is: what perks/benefits will the user have after paying $8 a month for a "blue tick"? Without getting anything in return, I don't see Twitter's paid subscription plan going anywhere soon. Not even adding DOGE as payment method will help. It's been around a week and a half since Elon Musk purchased Twitter, but it's yet the day where he hasn't said anything about Dogecoin. Maybe he's afraid of the regulators? But with mandatory ID verification on the platform (the blue tick), I don't see why adding DOGE should be a problem in the first place.

I've noticed that the "meme" coin's price "pumped" for a brief period of time after the deal went through. I guess it will "pump" even further in price once the cryptocurrency gets integrated into the platform as a micropayments tool. No one knows what will happen in the future, so we can only hope for the best. Just my opinion Smiley
2123  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins and Memecoins on: November 07, 2022, 12:57:59 AM
Um, I'm not sure. People are hesitant to invest in anything right now, not even legal businesses. It's really hazardous, so most people appear to be holding out until things become clearer. People aren't really motivated to trade in light of the present scenario. Perhaps you can explain how you arrived at this assessment. to the extent of an article or something? Perhaps with them, we'll be able to take it in a little more easily. People will still be interested in shitcoins and meme coins, but I expect they won't have as much appeal as the bull market.

The recession causes severe pain across both the crypto and stocks markets. That's because people often hoard their cash when the cost of living goes up at a very fast pace. With central banks adding fuel to the fire, it's going to take quite a long time before we're able to experience an "altcoin season" anytime soon. "Meme" coins are usually driven by hype, so they could skyrocket in price even if it's for a short period of time. They don't have any future since developers don't take them seriously. And don't let me get started again on "Shitcoins".

Ultimately, there can only be one winner. Bitcoin is by far the best cryptocurrency in the world (despite being slow and expensive at times), so it's likely most altcoins will die while the pioneer cryptocurrency lives for generations. I'd consider a gamble to invest into both "shitcoins" and "meme" coins. As long as you know what you're doing, there should be nothing to worry about. Just my thoughts Grin
2124  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: November 06, 2022, 01:07:11 AM
Payment processed.

Received. Thanks again, guys! Cheesy
2125  Bitcoin / Bitcoin Discussion / Re: Will digital dollar be a threat to bitcoin? on: November 04, 2022, 11:10:34 PM
If you like a centralized, reversible, censorable, seizable, non-pseudoanonymous, inflationary currency who's value is set by whim, then the digital dollar will succeed.  

If you want to preserve your wealth and freedom, then you won't view bitcoin and the digital dollar as anything similar except that they both are "digital".

Most people won't get out of the "Digital Dollar" because of convenience. After all, we cannot deny the fact that the USD has greater adoption worldwide than Bitcoin itself. I don't think that the US Dollar would pose a direct threat to Bitcoin after it becomes fully digital. On the contrary, it will benefit Bitcoin as more people will become aware of digital payments. The US government could decide to launch a new CBDC from scratch or simply use an existing stablecoin like USDC or USDT (Tether).

I think the "Digital Dollar" would be worse than its predecessor (US Dollars in physical form), simply because it will strip away people's privacy and freedom. Every transaction you make with the "Digital Dollar" would be publicly visible by both the government and the FED. Bitcoin transactions are also visible, but public addresses aren't directly linked to your identity. If you're careful enough to prevent exposing your identity, then Bitcoin does wonders in protecting your privacy and financial freedom. The US Digital Dollar hasn't even materialized yet, so we have plenty of time to enjoy paper money while it lasts. Just my opinion Smiley
2126  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin to be used for micropayments on Twitter? on: November 04, 2022, 10:47:26 PM
As he suggested some hours ago to charge $8 per month from verified users. These $8 can be in DOGE coin. Or may be in other way.(but I think it can be in DOGE coin).

As we know in the past many news we listened. Like:

Elon is supporting Doge Coin.
Elon is Pro Doge.

Like many you will find on internet.
Here is CNN news now not $20 Twitter will charge $8.
https://www.cnn.com/2022/11/01/tech/musk-twitter-verification-price/index.html

Probably. But I don't think people would be willing to pay $8 (either in Fiat or DOGE) just to get verified on Twitter. It would be a waste of time and money, in my opinion. The social media platform needs better ideas to help attract as much people into it as possible. Dogecoin could benefit a lot in terms of mainstream adoption if there are a lot of users on Twitter, though. That is if Elon Musk decides to add it as a micropayments tool.

But I don't think he will dare to do it, as it will bring the attention of the regulators. They will come up with the excuse that Mr. Musk is patronizing money laundering and tax evasion by adopting DOGE into the platform without complying with KYC/AML. The only way this would work is by letting only verified users to use DOGE on Twitter. All of this is speculation, anyways. Let's give Mr. Musk some time to see what he will do with DOGE. Just my thoughts Grin
2127  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Litecoin a forgotten cryptocurrency? on: November 04, 2022, 10:42:20 PM
Not really forgotten if we are talking about it here. Plus, even though many other coins from those days went away, Litecoin is still 20th at the moment. If a coin is top 20 that means it’s not really forgotten and it’s still there. This is a coin that has been around since 2011, and it is still in top 20 which should tell you how strong it is.

I have always been a supporter of it, and invested a small bit into it as well. I am not supporting it because of my investment because it’s a very low amount, but if I had to rank my favourite four, it would be bitcoin, ethereum, bnb and litecoin. Those four are really better than I could ever expect.

I haven't thought of that before. Most old coins practically disappeared, while Litecoin is still among the top 20 coins in market cap. The same can be said about Dogecoin. Development progress for the LTC project may be slow, but at least it's being actively traded on the market. I wouldn't count on it as a long-term investment, though.

Every day, it seems LTC's price is getting lower while other coins pump like crazy. At times, market prices remain stagnant, giving us little-to-no chance for profit. As much as I'd love to see LTC valued in the $1k range someday, there isn't much demand for such prediction to become a reality. LTC is by far one of the most decentralized cryptocurrencies after Bitcoin, so it's likely it'll last for generations. Just my opinion Smiley
2128  Economy / Collectibles / Re: Which is the smallest "physical" Bitcoin ever made? on: November 04, 2022, 10:33:08 PM
Don't know if either of these count (edit) as physical tokens, but they're both a little smaller than a .10 USD...



I have those, but unfortunately, they're not coins that you can load them with BTC. It would be great to have a "cold storage coin" that would be as small as the coins pictured. I think it's possible given the fact that QR codes can be printed on any size (if I'm correct). The real problem would be getting a tamper-evident hologram/sticker that would be so small to fit on the back of the coin. I haven't seen holos the size of a US dime, so I guess we're out of luck. Sad


Nobody mentioned the 1 gram rounds yet or are we not counting those?

Thanks for your suggestion. But I'm looking more into physical crypto coins that can be loaded with crypto (in this case, Bitcoin). These 1 gram rounds only count as bullion, instead of a "cold storage wallet". That said, it seems that the 2022 Lealana Silver coin is the smallest loadable Bitcoin so far.
2129  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Web 3.0 have a future? on: November 04, 2022, 10:27:17 PM
According to the Ethereum site, "At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership."

The key point is the one that I bolded above. Back to OP, how could we achieve Web 3.0 promises while centralization is getting tolerated? It is contradictory to the meaning of Web 3.0 itself. So in order to preserve the dream, truly "owning" a thing that is related is a prerequisite. If we look at what happens in the current ecosystem, we must ask ourselves do we own and have power over web3-related things, whereas, we usually connect to the system with a third-party entity and the form of the consensus are adhering to a regulation that obeys governments entities(ETH OFAC compliant).

Not only users must own their data on Web 3.0, but they must also be able to enjoy complete immunity from governments' actions against their freedom and privacy. Unfortunately, most dApps' interfaces are hosted on centralized servers, making censorship-resistance a distant dream. Some would say that doesn't matter since smart contracts still live on the Blockchain. But when the network's consensus becomes concentrated on the hands of a few, then it would be easy enough to censor transactions linked to such smart contracts. It's only been 7 years since ETH's inception, so I'd say Web 3.0 is still in its infancy. Maybe there's still hope for this new trend after all? Just my thoughts Grin
2130  Alternate cryptocurrencies / Altcoin Discussion / Re: Will cryptocurrency replace other currencies? on: November 04, 2022, 12:29:33 PM
First of all we need to spread the knowledge about cryptocurrencies to the people. Because, 70% people still didn't know much about crypto world. When they will come to know then they will be able to use. And then crypto world be able to replace the other one.

Yes. But even with that, I don't think it will be possible for crypto to replace mainstream Fiat currencies. First of all, governments wouldn't allow it because that would mean losing control over people's finances. And second, there's the issue of volatility and limited Internet access worldwide. We can't expect Bitcoin or any other cryptocurrency to replace Fiat when such limitations/obstacles exist. It's been 13 years since Bitcoin's inception, but crypto/Blockchain tech still hasn't replaced Fiat.

At this stage, we could say crypto will remain as an alternative to the existing monetary system for the foreseeable future. I'm fine with that as long as it stays decentralized. Just my thoughts Grin
2131  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining ban in Europe on: November 04, 2022, 11:57:07 AM
From your suggestion, I suspect they are doing all this to force bitcoin to move POS so it's easier for them to control bitcoin. Their goal is not to ban or kill bitcoin but to control and the only way to control bitcoin is to find a way to force it to move to POS like ETH. If bitcoin goes to Pos it will be the end of us, we will be controlled by the government again, I would rather accept the ban than have to use bitcoin Pos. Bitcoin would be like fiat today.

That's ultimately their agenda. They want to force Bitcoin developers to defect towards PoS, in order to centralize the Blockchain for good. And what better excuse than saying Bitcoin's PoW model is "harmful to the environment"? You can see how ETH turned into a centralized "shitcoin" after it switched to PoS. Many have praised ETH's move towards "energy efficiency", but that has ultimately sacrificed the Blockchain's decentralization and censorship-resistance. ETH is now the governments' playground to do whatever they want with it. Imagine big validators (stakers) censoring transactions in order to comply with US sanctions. That would greatly undermine crypto/Blockchain tech's promise of "banking for the unbanked". Using a centralized PoS coin, would be no different that using banks.

I hope Bitcoin stays a PoW coin even if that means a full ban from the EU (and possibly the US). Decentralization needs to prevail in order to help bring people with true financial freedom. How would Bitcoin strive to be different from Fiat if it sacrifices decentralization in favor of performance and cost-efficiency? No one knows what will governments will come up with next, so we should be prepared for the worst. Just my opinion Smiley
2132  Alternate cryptocurrencies / Altcoin Discussion / Re: Tornado Cash sanctions as the beginning of the end of privacy coins? on: November 04, 2022, 11:29:53 AM
I would not say that Monero became "stronger" after the major exchanges delisted it.
Everything is correct about control, and there are both arguments for and against complete anonymization, but the very fact that now exchanges with KYC will not list "anonymous" coins.
Now "anonymous" coins have taken their niche among other cryptocurrency projects, but due to the fact that 90-95 percent prefer to trade on large exchanges with liquidity and KYC, I don't think that tornado and similar services will be able to gain great popularity in the future. On the contrary, after the transition of ether to POS and the censorship of transactions, the space for such projects will only decrease.

Of course. Popularity for privacy coins and mixer protocols may decline, but that doesn't mean it's the end of the world. What will keep these tools afloat is their decentralized and censorship-resistant design. Governments may try their best to take them down, but they won't be able to succeed if the project they're targeting is decentralized. I don't think privacy will disappear just like that, especially when there's still a considerable amount of people who don't like the idea of government surveillance. Tornado.Cash was sanctioned by the US, but that hasn't stopped developers from launching a copy of it under a different name to help protect user's privacy.

Regulations may become fierce over time, but they will never be able to restrict people's ability to gain financial privacy for good. As long as the whole thing doesn't turn centralized, there should be nothing to worry about. Just my thoughts Grin
2133  Bitcoin / Bitcoin Discussion / Re: 2024 Bitcoin Halving - What are Your Expectations!!! on: November 04, 2022, 11:21:08 AM
I hear you but I'm fine even if it doesn't happen in the timeframe I think I will.  I don't believe COVID-19 will have much of an effect on Bitcoin price since Bitcoin hit its ATH during the pandemic.  Also recessions happen all the time in a cyclic manner, every so many years.  Everything will go back up and Bitcoin will be a part of it; it's all about the long game.

I hope the recession comes to an end soon, or Bitcoin would never reach a new ATH in price again. We need to make sure Bitcoin decouples from the traditional stock market's movements, so it could become an independent asset of its own. You can see that BTC's been going down in price just like what's been happening with tech stocks today. Not to mention, the FED's rising interest rates (monetary policy) are putting heavy pressure on market prices. If only Bitcoin could become impervious to what's happening in the mainstream economy, then it would've become a better safe-haven in times of need.

Gold has been doing well, even though everything's been going down at a very fast pace. If that's the case with a centuries-old store of value, then why can't Bitcoin do the same? We're still in Bitcoin's very beginnings, so it's likely subsequent halvings will make Bitcoin a better safe-haven against traditional Fiat currencies. Just my opinion Smiley
2134  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crypto Winter on: November 04, 2022, 11:14:37 AM
If what you say is true then bitcoin should have been up for a long time, not bitcoin that is falling and is likely to fall even more if inflation continues to rise. Yes, while inflation occurs, everyone wants to find something to fight inflation, but not everyone can do it when the prices of food, consumer goods...everything goes up 20-30% and people won't have enough to spend on a daily basis let alone invest to fight inflation. Maybe in the next crisis bitcoin will be the option but for now it is not the best option, when it also cannot avoid the effects of inflation.

It's not inflation, but rather rising interest rates from central banks worldwide. That's what's pressuring Bitcoin's price these days. Remember, Bitcoin was soaring towards new ATHs in price at a time where inflation was beginning to rise (2020). The Russo-Ukraine war and central banks' actions, have led us to this point where both stocks and crypto are having a hard time recovering in price. It's going to take quite a long time before the crypto winter comes to an end. Many have predicted 2024 to be a bullish year for crypto, so why not go ahead and buy some more BTC before this happens? Just my thoughts Grin
2135  Economy / Collectibles / Re: [Sale] 1HoDLCLUB Blue Clay LTC Poker chips on: November 04, 2022, 10:33:52 AM
1 chip for me, please. PM incoming shortly  Thanks! Cheesy
2136  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Litecoin a forgotten cryptocurrency? on: November 03, 2022, 01:30:57 AM
Yeah it's forgotten since most people only look for Bitcoin, not Litecoin. Litecoin's development also slow and the Mimblewimble privacy mechanism is seems not really important. It's good to see about privacy improvement, but it's not quite enough since I don't find any trusted Litecoin mixer and DEX that has a good trading volume. Bitcoin already have both of it, so it's easier to use the privacy feature.

Some people can directly use Monero to achieve 100% privacy rather than need to use Litecoin to get privacy.

It's probably because Litecoin's team aren't focusing on the marketing/promotion aspects of the project. Slow development progress also contributes to lower demand on the market. Not even the privacy feature brought the attention of mainstream investors and traders alike. The only way I see LTC reaching a new ATH in price is if Bitcoin turns extremely bullish in the future. Other than that, LTC's market prices will remain relatively stagnant.

At least, the Blockchain is up and running after all these years. In times where centralization is harming the crypto industry, Litecoin could come to the rescue as a decentralized alternative to high-performance blockchain networks like Solana and BNB. As long as you're still able to buy/sell LTC in the future, there should be nothing to worry about. Just my opinion Smiley
2137  Economy / Collectibles / Re: Which is the smallest "physical" Bitcoin ever made? on: November 03, 2022, 01:26:55 AM
Hi Abiky - All I can think of are these...

https://bitcointalk.org/index.php?topic=5416538.0

It looks like the new Lealana silver coins are the smallest "physical" Bitcoins in existence. I've bought one a couple of days ago, so I should be able to see its actual size once I receive it. Still, it would be cool to have something smaller than that. Perhaps, someone will make a "physical Bitcoin" the size of a US dime? The only downside to having a diminutive-sized coin is that you can easily lose it. But if you keep it in an ICG, ANACS, or PCGS slab, that shouldn't be a problem. Smiley


Has anyone made a list of smallest/largest, etc physical cryptos? Huh

Smallest physical bitcoin coin: Lealana 1/10oz silver
Smallest physical bitcoin token: MyBitcoinMint 1g gold

Largest physical bitcoin: BitcoinPenny Manhole cover
Largest physical bitcoin coin: NastyFans 10oz
Largest physical bitcoin token: ??

Any other categories?

A thread where we can read about the smallest/largest physical crypto coins would be an excellent idea. Thanks for the info, by the way. It never came through my mind the NastyFans 10oz silver coins. I've completely forgot about them. Lol. Just need to accumulate more BTC to add it up to my collection. I have over 120+ graded and non-graded physical crypto coins already.  Grin
2138  Alternate cryptocurrencies / Altcoin Discussion / Is Litecoin a forgotten cryptocurrency? on: November 02, 2022, 02:07:36 AM
Most of the cryptocurrencies listed on the market have experienced large gains in price over the past years. Even during the bear market, some coins have managed to "pump" a little in price because of the hype. But that doesn't seem to be the case with LTC, as market prices are relatively the same these days. In the worse cases, LTC's price goes down only to take quite a long time to go back to its previous highs (if it ever does). I don't get why Litecoin is often under the radar of investors and traders alike, when it's one of the oldest cryptocurrencies on the market. The supply is finite (84m coins), and it's still a PoW coin unlike most of the popular "shitcoins" (ETH, ADA, BNB) which are PoS. Not only that, but LTC recently adopted a privacy mechanism dubbed "Mimblewimble" to help bring anonymity to the Blockchain. Have people forgotten about this coin? It's sad because Litecoin was often proclaimed as "Silver to Bitcoin's Gold". With Ethereum becoming less-decentralized after "The Merge", it might be possible for a truly-decentralized cryptocurrency like LTC to gain the spotlight once more.

What do you think about LTC? Will it die soon? Or will it last? Do you think it'll go sky-high sometime in the future? If not, why? Your input will be greatly appreciated. Thanks in advance. Smiley
2139  Economy / Collectibles / Which is the smallest "physical" Bitcoin ever made? on: November 02, 2022, 02:03:21 AM
I've been collecting "physical" crypto coins for as long as I can remember, but recently I've became curious in knowing which "physical" crypto coin is the smallest ever made (especially one related to Bitcoin). I'm talking about coins which you can use as a cold storage wallet like a Casascius, Lealana, 1HODLCLUB, Denarium, or Satori. Not those which are only souvenirs (no ability to load BTC on them). To my knowledge, there's one called the "Delos/Veritas" Bitcoin which is a slightly bigger than a US dime. But maybe there's something smaller than that? I'd love to see a "physical" Bitcoin that's the size of a US dime (very small). That would make it the coolest crypto collectible in the world.

Any suggestions? Huh
2140  Alternate cryptocurrencies / Altcoin Discussion / Does Web 3.0 have a future? on: November 02, 2022, 02:00:38 AM
It seems to me that most cryptocurrencies are turning less-decentralized by the day, as governments continue to make pressure on the industry. Major projects have abandoned PoW as their consensus algorithm in favor of PoS which is carbon-neutral (at the cost of centralization). The most well-known smart contracts platform in the space (Ethereum), has copied its competitors by adopting a PoS algorithm in order to please the regulators. There have been reports that the biggest validators on the ETH blockchain are two entities: Lido and Coinbase. The puts the level of ETH's decentralization in question. If ETH proclaims itself to be "a platform for unstoppable applications", then how can Web 3.0 have a future if everything is turning centralized? We may be going back to square one, where the Web is dominated by a few players in the industry (Web 2.0 again?).

What are your thoughts? Do you still think Web 3.0 have a future even though smart contract platforms are becoming less-decentralized? Will crypto projects have to pay a heavy price to obtain decentralization when governments are as aggressive as ever towards crypto/Blockchain tech? Your input will be greatly appreciated. Thank you very much. Smiley
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