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2141  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
2142  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
2143  Other / Politics & Society / Re: High inflation is causing GLOBAL protests on: November 02, 2022, 01:28:48 AM
The Covid-19 pandemic has affected all countries. We are still suffering from it economically, if not as a disease. I don't think it is only in these countries, but in most countries there is high inflation and low income.
For example, even the war between Ukraine and Russia is affecting other countries right now.

The world's been a mess ever since the COVID-19 pandemic took us by surprise around 3 years ago. It seems that there are no signs of improvement as new strains/variants continue to appear like there's no tomorrow. Add to that the constant money printing from governments and the Russia-Ukraine war, and the end result is massive inflation over the global economy. Imagine if China decides to invade Taiwan in the middle of the crisis. It would make things worse in the long run.

Sadly, it seems to me this is the end of the world. Our economy is so deteriorated that it would be impossible to put it back to the way it was. Now with Putin making nuclear threats to Ukraine, it should only be a matter of time before everything turns into a disaster. Maybe there's still light at the end of the tunnel, but things look bleak right now to think about a bright future. Effectively, the rich will become richer, while the poor, poorer. Who knows what will happen next? Just my thoughts Grin
2144  Alternate cryptocurrencies / Altcoin Discussion / Re: Free NFTs are a waste of time on: November 02, 2022, 01:23:22 AM
If the NFTs have interesting real use cases and fundamentals rather than just a simple JPEG or collectible, then it’s worth having it.

In some NFT groups that I belong where some have availed the free mint, they did sell it successfully with a decent floor price or so.

But I would rather mint a free NFT that is unique, out of the box and attractive in the eyes of the collectors aside from its real use cases and fundamentals.

Most of the "free" NFTs are garbage as they don't provide any real use cases to the world. They're only created as a means to attract investors into NFT projects by ultimately "sucking" as much money out of them as possible. It's similar to certain airdrops of tokens with no real purpose in life. Only in-game items and certain digital collectibles are worth it. The NFT hype hasn't vanished yet, so expect a constant influx of "freebies" clogging up your wallet like there's no tomorrow. Just my opinion Smiley
2145  Alternate cryptocurrencies / Altcoin Discussion / Re: Will cryptocurrency replace other currencies? on: November 02, 2022, 01:17:17 AM
Giant banks may face their biggest fear

Swiss Credit Suisse has been facing financial difficulty lately. There are some rumours about the corruption of the oldest and most prestigious bank in the world. Bankruptcy will trigger a new financial disaster in the world. The crisis-related atmosphere that has surrounded Credit Suisse in recent weeks seems to have subsided. Still, the strategic issues that sparked rumours of a near-death experience and a decline in the company’s share price continue.

Credit Suisse’s problems may be its own, but a recession in Europe – which at this point appears to be all but inevitable – would have effects well beyond the continent. Commentators continue to debate whether or not the U.S. can avoid the same destiny, but even if it does, recession worries often drive down bank stocks and many other assets.

...

Crypto could replace mainstream currencies, but they will never succeed because governments and banks won't allow it. Such entities will simply launch CBDCs of their own to stay in power as much as possible. As far as decentralized cryptocurrencies are concerned, they will only remain as an alternative to the current monetary system for those who need them the most. Just like Gold is living alongside Fiat, the same will happen with Bitcoin and other cryptocurrencies. You can see why El Salvador hasn't abandoned the US Dollar completely even though it adopted Bitcoin as legal tender a year ago.

You can't simply avoid Fiat altogether when the world is too attached to it. Transitioning from the Fiat standard to the Bitcoin standard is going to take a lot of time and effort to become a reality (if it ever does). Let's face it, banks are too powerful and there's nothing we can do to stop them. As long as governments exist, don't count on Fiat's disappearance anytime soon. Just my thoughts Grin
2146  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin to be used for micropayments on Twitter? on: November 02, 2022, 01:12:15 AM
Elon Musk often makes hype on Dogecoin, so you shouldn't be so surprised about it.  Grin
However, I am not sure if Dogecoin really to be micropayments on Twitter. Elon Musk must consider it again, it will be the same as Tesla revokes the payment for Tesla products with BTC previously. Of course, Bitcoin or Ethereum ideally is a better option. Elon Musk should consider a better coin if he is really serious to use crypto coins for micropayments on Twitter.

That depends whenever regulators would like the idea of implementing Dogecoin as a payments tool on Twitter or not. Considering that Twitter is constantly under scrutiny by the regulators, it seems very unlikely Elon Musk will integrate DOGE into the platform anytime soon. Doing otherwise, would give Mr. Musk a lot of trouble with the regulators. All of this is speculation so only time will tell us if DOGE gets added to Twitter or not.

To our surprise, DOGE's been rising in price ever since Elon Musk completed the deal. It's now trading at $0.12 compared to $0.05 a few days ago. Still, it's far below $1 as the bear market continues to strain both Bitcoin and its derivatives. Crypto land is full of surprises, so who knows if we get lucky someday? Just my opinion Smiley
2147  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins and Memecoins on: November 02, 2022, 01:08:03 AM
Strictly speaking, investing in memes is gambling, you can invest in memes as long as you know what you're doing. it can make you lose but can also help you make huge profits.

You are right, allocating capital is a good thing to do and should not focus your entire investment on meme, just a small amount of money and willing to lose to invest with meme. I invest in memes as entertainment and I don't mind them too much.

Although memes are useless but I believe it will never die, they will always be on the market and they will be more active when the bull season returns, I would rather invest in them when the bull season comes than now.

"Meme" coins are just fun cryptocurrencies you can use without "breaking the bank". While it's possible to profit with these coins during the ups and downs in price, I wouldn't recommend relying on them as a long term investment due to their extremely-unpredictable nature. Most (if not all) of these coins have an exaggerated supply of units in circulation, making it impossible for them to retain a high price for such a long period of time. Garlicoin would be the only exception to this (due to its finite supply), but it hasn't gone to the moon yet because development progress has stalled. People are no longer interested in the cryptocurrency, as they move on to the next big thing.

"Shitcoins", on the other hand, last longer than "meme" coins but they're often a victim of hacks, outages, and other undesired situations. Basically no other cryptocurrency compares to Bitcoin when it comes to achieving decentralization and censorship-resistance. Most of the coins you see now will die, paving the way for other new players to enter the space. As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Just my thoughts Grin
2148  Economy / Collectibles / Re: Magazine Bundle - AUCTION on: October 30, 2022, 06:49:08 PM
0.0025 BTC Wink
2149  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum POW - ETHW on: October 30, 2022, 01:23:47 AM
People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs.

After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.

People believed ETC to remain a viable alternative to the ETH blockchain with its focus on decentralization and censorship-resistance. While the chain hasn't died yet, it lacks many of the dApps, tokens, and services which makes ETH so good. Without this, we can't expect mainstream adoption for ETC to rise anytime soon. ETC is only useful as a sort of speculative investment, that could either rise up or go down in price depending on crypto market conditions.

If there's a lot of hype, you can bet ETC will soar like crazy even though it lacks utility compared to other coins. Otherwise, prices will stall or go lower than what they are right now. Bitcoin is the main mover of the market, so a bullish BTC would surely drive ETC all the way to the moon. Who knows how long will ETC last? Just my thoughts Grin
2150  Bitcoin / Bitcoin Discussion / Re: 2024 Bitcoin Halving - What are Your Expectations!!! on: October 30, 2022, 01:17:23 AM
It would seem reasonable to expect a new ATH 6 months after 2024 bitcoin halving event to be about $100K USD.  It just seems if you look at the previous patterns that there is an explosion of price/new ATH within a year of halving event.

Yes. But sometimes things don't turn out the way we hoped for. There's the issue of Russia and the increasing number of new COVID-19 variants, greatly affecting the global economy. We can't expect Bitcoin to reach a new ATH in price, especially when the crypto market is moving in correlation with the stock market. People are mainly focused on rising food, gas, and energy prices. Those who have spare money to pour into Bitcoin, are usually whales and/or wealthy people. The rest are putting their money aside into things that matters most.

Unless the recession comes to an end, Bitcoin will have a hard time trying to break through $68k per coin. At least, we know BTC will experience a slight uptick in price shortly after the halving. It might not reach a new ATH in price, but at least it will be worth more than what it is right now. As long as you play your cards right, there should be nothing to worry about. Just my opinion Smiley
2151  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the US being too hard on crypto? on: October 30, 2022, 01:12:33 AM
I don’t think the US is being too hard on crypto. There are many altcoin projects & tokens that are scams, run by unscrupulous actors. I do however, think that the US is being too hard on bitcoin specifically. There should be a spot bitcoin ETF by now. It’s a real joke that the SEC refuse to grant us one, citing protecting investors as a reason to keep denying one.

I understand the US is trying to legitimize the space by reducing criminal activity, but there are some measures that affect ordinary people as well. There needs to be a balance in order to help the crypto industry grow without obstacles. At least, the US is not as bad as China or Russia in its treatment towards crypto/Blockchain tech. We can tell US lawmakers are paying close attention to crypto's latest developments by embracing the revolution at a slow and steady pace. There are already talks about launching a US Digital Dollar (CBDC), so it's likely crypto will co-exist with the new currency for years to come. As long as crypto stays decentralized, there should be nothing to worry about. Just my thoughts Grin
2152  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Crypto Winter on: October 30, 2022, 01:05:30 AM
Those who have been involved in Bitcoin for a long time will certainly believe in the four-year cycle, especially if they have experienced two cycles with different price levels for eight years, obviously they will not consider this a myth. But for those who don't believe in Bitcoin or who only know Bitcoin from other people's talk, then they will consider this a myth and will even laugh at those who believe in the four year cycle.

That's certainly true, mate. Newcomers into crypto or even haters don't think Bitcoin will go up after every halving since they truly don't understand how it works. But crypto veterans like myself know that BTC's price usually goes up after each halving cycle (especially one year after the halving takes place). If history repeats itself, it's possible Bitcoin will reach a new All-time-high in price by 2025. That is if the global economy isn't in a bad state like it is right now.

The crypto winter is usually painful if you sell crypto to make a living within the short-term. But if you're in it for the long haul, it shouldn't be a problem. I'm pretty sure BTC will hit $100k in the future due to the way it was designed (deflationary mechanism). Just be patient and you'll be able to see great results in the future. Just my opinion Smiley
2153  Alternate cryptocurrencies / Altcoin Discussion / Re: Tornado Cash sanctions as the beginning of the end of privacy coins? on: October 30, 2022, 01:00:12 AM
It's no secret that governments (in this case, the US government) are always on the lookout for privacy coins. Even in my own nation, one of the largest exchanges decided to delist Tornado Cash, Monero, and Zcash on November 3rd. I believe it is not us who have not been prepared for ultimate openness, but rather our governments' fear of losing control of our people. These projects are failing to achieve their idealistic goals. I'm not sure when they'll be applied in real life because governments won't let them. We all know that knives have two sides, thus no matter how valuable privacy coins are, they can be exploited as tools by criminals. Let's see how things proceed.

It has always been about control. Governments are afraid decentralized privacy coins and mixers will give people true financial sovereignty, so they are acting in their best interests to help prevent Fiat from losing traction anytime soon. What matters is that privacy coins and mixers remain as decentralized and censorship-resistant as possible to help render governments' efforts worthless. Crypto is all about eliminating the middleman anyways. Regulations are designed to bring back the middleman with KYC and AML laws. Anything that goes against what was established in the first place will face heavy scrutiny from the government.

At least, we can feel confident that Tornado Cash won't be going anywhere thanks to the way it was designed. Sanctions may have affected the mixer's website, but the smart contracts are still living on the ETH blockchain. Even Monero has been delisted from a couple of exchanges, but that hasn't stopped it from becoming bigger and stronger than ever. Who knows if governments will ultimately give up on their task to try to take down privacy for good? Just my thoughts Grin
2154  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: October 30, 2022, 12:58:40 AM
campaign paid.

Acknowledged. Thank you so much DogecoinMachine and Crypto.Games team! Cheesy
2155  Bitcoin / Bitcoin Discussion / Re: 2024 Bitcoin Halving - What are Your Expectations!!! on: October 28, 2022, 01:20:12 AM
I don't think the economy will be in a much worse state than it is right now. We're quite close to hitting rock bottom. How much worse can it get in just a few years? Even if it's in the exact same situation, Bitcoin after the halving will certainly be worth more than it's worth right now for the reasons you previously explained.

Therefore, I don't find any particular reason to sell my Bitcoin before the halving occurs, unless I'm in dire need of money. I'm patient enough to hold for as long as possible.

Yes. But what if China decides to invade Taiwan in the middle of the Russo-Ukraine crisis? Then the global economy would be in a much worse state than what it is right now. If that happens, Bitcoin will dive deeper in price, making the dreams of reaching $100k per coin a distant one. By the time Bitcoin's block reward is cut in half (2024), it's likely market prices will soar but not to a point where BTC gets past its latest ATH in price. That is if the global economy worsens or remains the same as it is right now. If things improve by 2024, then Bitcoin will rise faster than you could've ever imagined. The future holds many surprises, so we can only hope for the best. Just my thoughts Grin
2156  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: October 28, 2022, 01:12:17 AM
Recently, President Nayibbukele criticized Western-controlled media that unfairly spoke out about bitcoin being legal tender in El Salvador that had failed. We've been through a bearish season for almost a year so far, and El Salvador maintains a hardline stance still not selling any bitcoin, along with that they are promoting bitcoin-related issues such as bringing bitcoin into education, continuing to develop bitcoin city...It's just the beginning, so don't judge us, we need time.

Quote
President Nayibbukele calls out global financial institutions, Western powers & the media outlets they control for unfair criticisms only one year after adopting #Bitcoin as legal tender.


Source: Bitcoin Magazine

I know how often countries "mock" El Salvador's decision to adopt "an unregulated cryptocurrency" as legal tender. They believe Bitcoin won't last for long because it's not issued or controlled by a central authority (eg: Banks, governments). Opposing countries are also taking into consideration Bitcoin's price volatility in Fiat terms. But what they don't know is that Bitcoin is more than just the price.

Being a censorship-resistant kind of money no one controls does brings its benefits. President Bukele knows this, so he's been using government funds to invest into Bitcoin for true financial sovereignty. You can't sanction or freeze Bitcoin-related transactions unlike Fiat. Bitcoin is deflationary by design, so it's likely it'll be worth a more in the future. If El Salvador "sticks to the plan", it could become the richest country in Latin America. Just my opinion Smiley
2157  Bitcoin / Bitcoin Discussion / Re: Could 17.5k BTC actually be 13-14k pre-inflation? on: October 28, 2022, 01:07:59 AM
I think in short term it's possible for bitcoin to reach 17k or even 16 or 15k, but in long run, it'll cross 60k easily.

I made a thread where everyone will predict the price of btc whether it'll hit the mark of 45k/BTC but it seems we're a long way from hitting that mark and maybe we'll have to wait 2 more years for bitcoin to actually go over that price.

You seem to be forgetting that the global economy is in a very bad state. Without showing signs of improvement, you can't expect Bitcoin to reach a new All-time-high in price anytime soon. People are focused on rising energy, gas, and food costs which are essential commodities in daily life. That means investors won't have spare money to pour into crypto assets like Bitcoin and Ethereum. No capital influx, means low demand on the market.

I think we're going to have to wait a little longer until the Russia-Ukraine crisis is over. Once there are no more disruptions on the global supply chain, everything would be gradually going back to normal. Who knows if 2024 through 2025 turns out to be a good season for BTC? Just my thoughts Grin
2158  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining ban in Europe on: October 28, 2022, 01:02:30 AM
There won't be ban, and just 10% of global mining of Proof-of-works is actually not much of a factor, European union shouldn't speak for member states in the aspect of energy for mining bitcoin. Each member states generates their energy.

It seems to me that the EU has rushed its "anti-crypto mining agenda", because of rising energy prices within the bloc. None of this would've happened if Russia didn't invade Ukraine in the first place. Besides, the EU only consists of a small portion of mining hashrate compared to the rest of the world. If Bitcoin can no longer be mined within the EU's member states, miners would simply move their operations to another country with crypto-friendly laws. It would be just like China's Bitcoin mining ban which forced miners to move to another country.

This shows us the resiliency and strength of Bitcoin as a decentralized cryptocurrency no one can stop. If it were centralized, Bitcoin would've died the moment the Chinese government decided to make mining "illegal". Many crypto coins are switching to PoS, so it's likely Bitcoin will remain the only PoW cryptocurrency in the world. Just my opinion Smiley
2159  Bitcoin / Bitcoin Discussion / Re: Throwback: Bitcoin was $64k today, a year ago. on: October 28, 2022, 12:57:48 AM
I remember those days like it was only yesterday. I'm surprised it's been a year. I think it's normal to drop. The value of bitcoin could not be expected to increase continuously. After each value increase, there will be a decrease. But such a drop came as a surprise, since everyone thought that bitcoin would reach the value of 100,000 dollars. The value of bitcoin will remain at the 20,000 dollars levels for a while longer. I don't think there will be a rise for at least another year.

We all know Bitcoin wasn't going to go up forever. What goes up, has to come down sooner or later. While I'm confident prices will rise back up again, it's going to take some time before we're able to see any positive results. Maybe 2024 will lead BTC towards $64k and above? That is if the Russia-Ukraine crisis is over by the time Bitcoin's block reward is cut in half. If the pandemic and the war persist, don't expect Bitcoin to reach a new All-time-high in price anytime soon.

At least, the Blockchain is alive and healthy as ever. Surprisingly, BTC's network hashrate has increased over the past months. This shows us there's still interest in helping support the Blockchain despite rising energy costs worldwide. Market prices have been steady between the $18k - $20k range these days, so I'd suggest anyone to buy more BTC before it's too late. Just my thoughts Grin
2160  Economy / Collectibles / Re: New project DOBLEBIT - Freedom 🟠 on: October 28, 2022, 12:44:36 AM
This is a very nice project that I would support 100%. That said, I'd prefer a DiY version of this coin for security reasons. Hope to get my hands on one soon! Smiley
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