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2241  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum POW - ETHW on: October 06, 2022, 12:09:28 AM
Yes, we will get ETHW equivalent to the amount of Ethereum available in our wallet. Of course the ETHW developers have put out a lot of coins to share for free. ETHW was developed by lovers of the PoW version of Ethereum, because the basic Ethereum has changed to the PoS concept. In a short time ETHW wallet addresses have reached more than 254 million.

The question is: Will it be worth exposing your private key just to "redeem" the airdropped coins? The ETHW cryptocurrency has a very low market price, so it wouldn't be worth risking your ETH private key just to get some "free coins" on the other chain. This new fork was created so miners could fill their pockets with money. But it won't have a future, simply because it hasn't attracted mainstream developers' attention.

I'd say ETC has a better chance for survival because of its proven track record of development and innovation (even though it doesn't have almost any dApps or tokens on it). People are free to choose which coin to mine, so as long as there's hashrate behind the ETHW chain, the project won't be going anywhere. Just my thoughts Grin
2242  Economy / Economics / Re: Inflation is a creeping beast on: October 06, 2022, 12:06:26 AM
You have made a very insightful opinion on a complex issue.

But a decentralized currency won't solve the issue which caused the excessive printing.
The feds don't like printing money either, even they don't want to do it. But there was no other way. A new currency, however it works, won't change the fundamentals of demand & supply. A decentralized currency may even be worse in such scenarios. Since there won't be any way to control the money supply(or a central authority to do so), the problem will be much bigger than what we have right now.

And inflation isn't always bad. It's a part of growth.  It is a natural occurrence that happens when an economy is growing.

If the world ditches the Fiat standard over the Bitcoin standard, then it may be possible that decentralized cryptocurrencies will solve all of our problems. As it's said in the real world, "fix the money, fix the world". But governments won't allow crypto to take over, because they will lose control over people's lives. Central banks will continue to keep Fiat afloat by any means necessary. While inflation cannot be avoided, it can be controlled to a point where it doesn't do too much harm over the mainstream economy.

It's normal for Fiat to experience some inflation since it was designed to be spent as a currency (not hoarded as a scarce asset/commodity like Gold or Bitcoin). Without inflation, Fiat currencies will become so strong that it would be too expensive to use them for daily payments. Inflation becomes much of a problem when too much money is being printed on an annual basis. With high inflation rates, prices for food, gas, energy, and other commodities will rise like there's no tomorrow. This will make poor people even poorer than before, especially when wages remain relatively static. Unless COVID-19 and the Russia-Ukraine war ends, don't expect to see any signs of improvement over inflation anytime soon. Just my opinion Smiley
2243  Economy / Economics / Re: We should separate the markets for Bitcoin* and centralized altcoins on: October 06, 2022, 12:03:29 AM
Bitcoin is the most decentralized, mostly all others (altcoins) are not really decentralized, they are centralized to an extent.

Altcoins like ether, binance coin and most others are centralized

See stable coins, most can be freezed on noncustodial wallet. Nothing is most centralized than not having full control over your own asset. Maybe there are altcoins that are not stable coins like that too.

See what Binance is doing, the centralization is even more than creating a cryptocurrency, but into other aspects like backing completely close source hardware wallet (Safepal), having close source wallet (Trustwallet), manipulating stable coins for there own created stable coin, BUSD.

There is no coin that is decentralized like bitcoin.

People are people, even as there are many fake projects, they will still want to risk their money one those coins. I have seen Binance to be most centralized from them all, which is even beyond creating coins but about cryptocurrecies in general.

There's centralization all over the place. Binance not only controls a large portion of the crypto market, but it also has huge influence over it. On top of that, most altcoins are centralized as they've prioritized scalability instead of censorship-resistance. You can see how ETH defected to the regulators by doing the switch to PoS. The whole crypto/Blockchain space is going backwards (with the exception of Bitcoin) by introducing the middleman back into the system. How can Blockchain achieve its full potential this way?

Unfortunately, there's nothing we can do since greed (money) goes above all else. Wall Street has invested deeply into crypto, so centralized "shitcoins" will keep "pumping" like there's no tomorrow. The newcomer into crypto thinks everything is decentralized, when in fact, it's not. The more people support centralized altcoins, the easier it'll be for governments to enforce regulations at will. Let's hope Bitcoin does the difference by keeping itself as decentralized and censorship-resistant as possible. Just my thoughts Grin
2244  Bitcoin / Bitcoin Discussion / Re: Satoshi's faceless identity is the greatest Bitcoin success strategy on: October 05, 2022, 01:30:02 AM
I completely agree with you on this.. I belive it gave people a sense that Bitcoin is truly decentralised otherwise people would be pointing out Satoshi as the owner and would have blamed him for each falll. While making him change the Bitcoin algorithm or increase supply to meet public demand or authorities would have scuttled the project by personally targetting him.

I don't get why most projects these days have their team members' identities public. It gives governments the chance to prosecute the individuals behind crypto projects at will. There's a reason why Satoshi never disclosed his identity in the first place. If only Vitalik copied Satoshi's footsteps, the Ethereum project wouldn't had been a mess today. The sanctions against the Tornado.Cash mixer and the PoS upgrade on the ETH blockchain have greatly undermined people's privacy and freedom.

I believe crypto/Blockchain tech needs to remain as decentralized and censorship-resistant as possible to help render governments' efforts worthless. It seems to me that only Bitcoin will remain decentralized because of its unknown creator. The rest will simply go all the way downhill in an instant. Kudos again to Satoshi for doing the right thing from the start. Just my thoughts Grin
2245  Bitcoin / Bitcoin Discussion / Re: Will digital dollar be a threat to bitcoin? on: October 05, 2022, 01:25:25 AM
Threatened in what?
If the internet and electricity around the world suddenly stopped, then that would be a real threat to bitcoin. Centralized and decentralized aren't competition. In the end, all payment systems will become digital to achieve transaction efficiency, the presence of CBDC is a future innovation that however requires support. Whether you wanna use it or not, it's just a matter of taste.

No Fiat currency will ever be able to threaten Bitcoin's existence. That's because Fiat (whenever digital or physical) is centralized, whereas Bitcoin is not. As you've said before, only a complete shutdown of the Internet would be able to stop Bitcoin for good. But we all know this is technically impossible to achieve. A digital dollar would only benefit the US government and the central bank (The Federal Reserve) than individuals themselves. It will be the end of privacy for good since the new CDBC will give the government more power over people's finances. Paper money will be phased out for good, leaving us only with truly-decentralized cryptocurrencies such as Bitcoin and Monero. As long as people have a choice, there should be nothing to worry about. Just my opinion Smiley
2246  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Solana be the next Ethereum??? on: October 05, 2022, 01:20:12 AM
lol Solana is dead. I don't know what is wrong with it but it is clear the way they designed it is fundamentally broken. Since November last year it has broken a lot. I think the recent break from a few days ago was the first in a while, but it has broken something like a dozen times since the first one last Fall.

After that first break and shutdown last Fall the devs said they'd fix the problem, so I thought it was a specific problem that they could account for. But then it kept breaking every 2 or three weeks for the most part. It is clear it's not a problem to fix, but a flaw in how they designed the system.

A blockchain that has to shutdown regularly is not something that will ever be useful or attain a lot of value. For a few months last year Solana got popular because some NFTs blew up on it. But that's all it ever had. Now it's a blockchain that doesn't even work. I don't expect it to ever get back to its ATH. And it certainly won't ever be a serious competitor to Ethereum. There are plenty of smart contract platforms that actually work who can try to be Ethereum competitors, Solana doesn't match that description.

Exactly. Solana is broken by design. You can't expect it to last forever if network outages become a daily issue. I don't get why SOL is still among the top ranks in market cap, when it's completely unreliable for mainstream payments. Whales must have some benefit by keeping SOL that way. People should just focus on Ethereum, since it's the one smart contract platform that hasn't experienced an outage or downtime since its inception.

Of course, the ETH blockchain is less-decentralized with the PoS upgrade. But it's still a better choice than Solana or any of its competitors. I think Cardano is better suited to compete against Ethereum than Solana itself. It's reliable, secure, and decentralized. If only people knew Cardano's hidden potential, the cryptocurrency's price would've soared to new heights. At least, people have a choice. As long as decentralization prevails, nothing else matters. Just my thoughts Grin
2247  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum Merge Success on: October 05, 2022, 01:15:17 AM
Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

Lol. If you think Ethereum has the solution to all of Bitcoin's problems, then you really don't know the true importance of decentralization. PoS is pure centralization at its core, enabling the rich to take control over the entire blockchain network. This means big exchanges and companies will have a huge leverage over ETH's network operations, leaving the little guy out of the system. With PoW, anyone can participate in the network's consensus with the appropriate hardware. Exchanges won't be able to have the most say on the Blockchain just by using customers' funds.

There's a reason why Bitcoin developers haven't proposed PoS consensus on the BTC blockchain. That's because they want the cryptocurrency to be as decentralized and censorship-resistant as possible. Doing the switch now, means Bitcoin would "bow" itself to the regulators. They may come with the excuse that PoW is energy intensive, but we all know that banks consume more energy than the entire BTC blockchain. Government officials are pushing developers to adopt PoS on major cryptocurrencies in order to get what they want. I feel sorry for ETH as now it will become no different than other useless centralized "shitcoins" on the market. It seems that "The Merge" hasn't been that much of a success, considering that ETH prices dived to $1.3k. Probably Bitcoin will remain the only decentralized cryptocurrency on the market, while the rest will go all the way down the drain. Just my opinion Smiley
2248  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Generate Profit in this bear time? on: October 05, 2022, 01:10:05 AM
In many days i see in my port filo 5$ up and 5$ down , what is the best strategy to increase profit?

I don't think there's any strategy to increase your profits, especially when the market is constantly going on a downtrend. There's huge uncertainty surrounding the crypto market, so your best bet would be to buy coins at cheap prices and "hodl" them until the dust settles. I see a bear market as the perfect opportunity to grow your wealth in the future. It's the moment where you can strike it rich if everything goes back up again.

We're going to have to wait and see if the global economy shows signs of recovery for crypto to bounce back to its original price levels. No one knows what the future will bring, so we can only hope for the best. Just my thoughts Grin
2249  Bitcoin / Bitcoin Discussion / Re: Privacy should be fought for on: October 04, 2022, 01:21:22 AM
The fact this isn't talked about much even more so after Canada froze bank accounts watching people tx bitcoin and ETH addresses tied to other ETH addresses are being black listed / banned is really bad.. 

BTC will fail or much much much worse become the money of enslavement if privacy is not added.. Unbreakable privacy..

The thing is most people actually don't care about their privacy. They say they have "nothing to hide". With this mindset, we can never expect governments to give up on their task to destroy privacy for good. Bitcoin by itself may not be private, but there are tools you can use to help make your transactions private. For instance, you can use a non-custodial mixer to obfuscate your utmost sensitive transactions, or simply convert your BTC to a privacy coin like Monero or Zcash.

Some would say using a new BTC address for each transaction is the perfect measure to help protect your privacy. The problem here is that you're stuck with centralized exchanges which force you to provide your personally-identifiable information. Decentralized exchanges exist, but they have low trading volume/liquidity compared to their centralized counterparts. Not to mention, they're not as easy to use as you think they are. With the introduction of CBDCs, governments will become more invasive than ever. It'll be up to crypto advocates to help defend privacy for the sake of our liberty and freedom. Just my thoughts Grin
2250  Bitcoin / Bitcoin Discussion / Re: Now is the perfect time to invest in Bitcoin on: October 04, 2022, 01:16:07 AM
The price of Bitcoin increased drastically in late 2020 and early 2021. The price of Bitcoin touched about 72k dollars.But from there the price has come down to its lowest level.

https://i.ibb.co/SwZRFXh/22b6e9eb5212.jpg


Bitcoin price is currently 19302 dollars but the possibility of Bitcoin price increase from here is very high.And I think Bitcoin price in 2023 Chances of reaching $100,000 per year are very high so if one wants to invest then now is the best time to invest in Bitcoin.

If you invest at this time then you will definitely be able to reap huge benefits as I believe that Bitcoin price will increase greatly by 2023.

Predictions are predictions. The world's economy is still in a very bad state, so it's unlikely Bitcoin will reach a new ATH by 2023. Unless there's an improvement in the global economic landscape, we should expect further pain down the road. This would only be the perfect time to invest into Bitcoin if you have spare money to lose.

The huge volatility present in the market right now could leave you with nothing in an instant. It's a risky move that could either work or fail altogether. You'd consider yourself lucky if you bought Bitcoin now to sell it at a higher price once everything goes back up again. At least, Bitcoin won't be going anywhere. As long as it works as intended, nothing else matters. Just my opinion Smiley
2251  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ethereum price get to 4,000 in 2022 on: October 04, 2022, 01:12:03 AM
We still have time to see market rising, it's not difficult to skyrocket from $ 1300 to $ 4000, it only takes 3x an increase, and that has happened, but I'm sure that ETH will skyrocket and touch $ 4000, the best thing now is to focus on keep buying.

$4k will happen but not during the remainder of 2022. That's because central banks around the world will continue to raise interest rates in order to tackle inflation. This would cause risky assets like stocks and crypto to go all the way down the drain. We can never expect ETH or any other cryptocurrency to rise in price unless the global economy is restored.

This is not the time to sell our coins, but rather accumulate for the next bull market. That will happen only if the global economy is restored back to its former glory. If we go into a deep recession, then it's bye-bye for ETH and other cryptocurrencies as their prices will decline to new lows. These are uncertain times we're living into, so expect the unexpected. Just my thoughts Grin
2252  Alternate cryptocurrencies / Altcoin Discussion / Re: Tornado Cash sanctions as the beginning of the end of privacy coins? on: October 04, 2022, 01:05:04 AM
https://www.coindesk.com/layer2/2022/09/28/the-problem-tornado-cash-raises-about-base-layer-censorship-on-ethereum/
The Problem Tornado Cash Raises About Base Layer Censorship on Ethereum
Requiring validators and others to censor blocks would be an unwarranted expansion of sanctions law.

https://www.coindesk.com/layer2/2022/09/29/how-to-deal-with-tornado-cash-without-using-sanctions/
How to Stop Illegal Activity on Tornado Cash (Without Using Sanctions)
Rather than sanctioning code, U.S. authorities should have targeted the human intermediaries.

With Ethereum switching to PoS, it becomes easier for the US government to force validators (staking nodes on the Blockchain) to censor transactions related to Tornado.Cash. Considering that the biggest holders of ETH are centralized exchanges, "killing" privacy on the Blockchain should be a no-brainer. This would be the beginning of the end of ETH as we speak. So much for a decentralized platform built for "censorship-resistant" applications. I just hope other blockchains prioritize decentralization in order to prevent stuff like this from happening in the future.

Privacy is a human right, but governments are fighting against it for complete control. They intensify their attacks on crypto/Blockchain tech because it's something they can't control (decentralized). I guess we're going to have to turn ourselves to Monero for true privacy without limitations. Just my opinion Smiley
2253  Bitcoin / Bitcoin Discussion / Re: What will happen If Bitcoin got stabled ? on: October 04, 2022, 01:01:40 AM
Possible outcomes if Bitcoin turns to be stable

  • Look for some alternatives for investment
  • The interest over bitcoin will reduce
  • Real-time usage on stores will increase

We could say Bitcoin will be used more as digital cash than a store of value once it becomes stable in Fiat terms. But that's very unlikely to happen because BTC's supply is finite. Besides, the pioneer cryptocurrency is traded on the open market. Centralized exchanges are not the only ones in the game, so this gives us wild fluctuations in price over time.

I think price volatility is not a bug, but a feature of Bitcoin itself. There are already stablecoins meant to bring the stability of traditional Fiat currencies (mainly the USD) to the Blockchain anyways. If people want to avoid volatility, they would simply convert BTC to a stablecoin of their choice for complete peace of mind. It's as simple as that. Bitcoin's been proven to be resilient at times, so it's very likely it'll be with us for generations. Just my thoughts Grin
2254  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETC to $100 soon? on: October 03, 2022, 12:37:26 AM
It would probably take more than a year to reach $100 unless something could help the price increase drastically before that year. And if that happens, the miners who have switched to mining ETC will feel very happy because they can get big profits after mining ETC for a while. But for now, where the market is still in a bearish or semi-sideways condition, ETC must survive as hard as possible to increase higher later. And hopefully, in the last 3 months, there will be something that will help ETC to get back to $50.

The hype was short-lived as now ETC is trading below $30. I guess the project needs a lot more than just miners to survive in the long run. I don't get why ETC hasn't captured the attention of developers, when it's a PoW alternative to the current PoS version of Ethereum (which has now turned centralized). Maybe it's because ETH is a lot more valuable than ETC itself? If developers would somehow migrate to ETC, then it would've become a huge contender of ETH.

I believe $100 can only be reached if there's massive demand for the cryptocurrency on the market or BTC turns extremely bullish in the long run. Otherwise, prices will continue to decline until ETC becomes a worthless "shitcoin". No one knows what will happen in the future, so we can only hope for the best. Just my thoughts Grin
2255  Bitcoin / Bitcoin Discussion / Re: Satoshi's faceless identity is the greatest Bitcoin success strategy on: October 03, 2022, 12:31:24 AM
To even make it more simple, if Satoshi should show up his identity that does not change any fact about bitcoin here, if we the users on the bitcoin forum understand the need for privacy and have it secured and the forum itself been built under serving you with privacy without requiring for any verification or kyc during the point of registration, I see no reason why Satoshi should reveal his privacyz for what? that we should all believe what we already have no doubt about or to help bitcoin global adoption, i still can't figure a genuine reason why his privacy should be revealed and don't think it will be ever done at later future.

Satoshi is probably dead, so people should carry on with other important things in life. It was a good thing the creator of Bitcoin decided to become an anonymous person, or it would've been targeted by mainstream governments already. He did it to help protect the project's decentralization and censorship-resistance. According to the whitepaper, Bitcoin was truly meant to be "Peer-to-Peer Electronic Cash". That means no middlemen or third parties whatsoever.

Unfortunately, regulators ruined everything by requiring exchanges to comply with KYC/AML laws. This takes crypto one step back by introducing the middleman. It would be no different than the traditional banking system crypto/Blockchain tech was meant to avoid in the first place. There's nothing we can do now since Bitcoin has gone into the mainstream. While it's still possible to trade and use Bitcoin without KYC/AML, you won't get the same liquidity/convenience as you would through centralized exchanges or other centralized service providers. At least, we know Bitcoin won't be going anywhere because of the way it was designed. As long as the community keeps it decentralized/censorship-resistant, there should be nothing to worry about. Just my opinion Smiley
2256  Other / Archival / Re: Why has bitcoin adoption failed in El Salvador? on: October 03, 2022, 12:25:55 AM
El Salvador faced hard criticism as it postponed the launch of bitcoin bonds. But, they've been working on it amidst the market trend. Finally this have come for the public usage. The president believes in the future progress and as a result this have been launched at the present market situation. They're quite confident in the progress as well as have things planned in the right way. For all who stated the adoption as failure, will now realise the reality.

El Salvador was well ahead of its time. It adopted Bitcoin as legal tender before anyone else. That makes it the pioneer in Bitcoin adoption. The country may not have the necessary infrastructure to spur adoption of Bitcoin within the region, but at least it's on a good path. El Salvador's President was pretty smart by encouraging the use of Bitcoin by individuals and businesses alike. The region could become a tourist attraction, adding more fuel to the local economy.

I believe Bitcoin needs to go bullish so people would become more interested in it. Decaying prices will only scare away the general public from the cryptocurrency. It's only been a year since El Salvador made the move, so let's give it some time to see what happens. Just my thoughts Grin
2257  Economy / Economics / Re: Why Bitcoin will always remain the best choice on: October 03, 2022, 12:21:08 AM
Especially with the way inflation is making fiat to lose value daily, people are getting tired of such way of leaving. Fiat has really lost value so much that you spend more just buy few items.

Btc on the other hand has sustainable value both in terms of fiat and as just bitcoin. Meaning 1BTC will remain so no matter what.
Like I have already mentioned severally, the price alone is not what makes btc a better choice, it is everything encompassing it that's it better.

Fiat currencies have lost a large portion of their value due to rising inflation rates. The COVID-19 pandemic, constant government spending, and the Russia-Ukraine crisis have affected the global economy at a large scale. Bitcoin may've lost its value in Fiat terms, but its supply has remained unchanged. It's still a scarce and valuable asset which has retained its purchasing power over time. Compared to other alternatives, Bitcoin is the best performing asset in the world.

I think more people will embrace Bitcoin as Fiat falls to a point where there's no room for recovery. El Salvador became the first country to adopt Bitcoin as legal tender, so it should only be a matter of time before other countries do the same. Who knows if Bitcoin ends up beating Fiat for good? Just my opinion Smiley
2258  Economy / Trading Discussion / Re: Do not panic. Everything will get better on: October 03, 2022, 12:10:53 AM
everything will get better if the bulls come again and the altcoin season starts,
because I believe that 80% of the holders in cryptocurrencies are altcoin holders and altcoins are currently really very bad,
judging from the chart altcoins have gone down to -90% so I I really hope that altcoins can recover in 2023.

People can't expect crypto market prices to rise if the global economy is in peril. Unless we get out of the recession, market prices won't be going anywhere. As we all know, Bitcoin needs to rise first for altcoins to follow. Only a bullish BTC will trigger an uptick in major cryptocurrency prices. I'd say this is the perfect time to buy more coins before everything goes back up again. You can become rich in the future if you invest when everything is going south.

Remember, panic is your enemy. If you panic, you'll end up selling at a loss. It's best to take it slow and easy until the dust settles to see your investment grow tenfold. Who knows if we'll see the light at the end of the tunnel soon? Just my thoughts Grin
2259  Economy / Services / Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★ on: October 02, 2022, 01:24:34 AM
Payment processed.

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2260  Bitcoin / Bitcoin Discussion / Re: Are Your Kids Aware Of Bitcoin? Teach Them. on: September 30, 2022, 01:05:24 AM
Teach them the approach to being creative, so that they unleash their creative potential as well. But if you direct them to make money from a young age is not necessarily a good thing, it's a double-edged sword.
Most of today, children do not know how to make money but they also understand the value of money, only when they have money can they buy candy, toys...If you direct them to make money too soon, they will start to be greedy, always chasing money by playing games or they will find similar ways to earn money, neglecting their studies, not focusing on their studies. That is why educational programs are specifically divided according to each student's learning stage to suit each age.

Of course. If we only teach kids to make money, they'd turn greedy by the time they reach adulthood. During a kid's childhood, it's important to educate them about other aspects of life to become a self-sufficient person. I think kids will quickly adopt Bitcoin over traditional Fiat currencies because it has no age restrictions. Some would say that paper money can also be used regardless of age, but the thing is physical money will eventually be replaced by government-issued digital currencies. When that happens, you won't be able to use Fiat as cash without the need to provide personally-identifiable information. That's where Bitcoin comes in. With Play-to-Earn games, decentralized borrowing/lending protocols, and even decentralized exchanges, kids can participate in the global economy without the need to have a bank account. The more we teach our kids about Bitcoin, the better. Who knows if future generations ditch banks altogether in favor of Bitcoin? Just my thoughts Grin
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