I don't think that cryptocurrency are a threat to the conventional banking system. They can actually coexist. There are so many things the conventional banks can learn from cryptocurrency if they will be humble enough to embrace the Blockchain technology. It will actually help them, but they would rather wanna keep everything in the dark so they can perpetuate their criminality.

Owning digital real estate or properties is just like owning or having NFTs which we all know aren't long-term investments. You can't buy an NFT and plan to hold it for years and expect to get great returns on it because this market is unpredictable and highly volatile, NFTs that are worth $2,000 today might not be worth the same tomorrow because it's all about hype and demand for certain NFTs collections and how they are promoted among investors.

As soon as an NFT collection isn't trending anymore the value of their NFTs will start dropping immediately because there won't be any people bidding for them and NFT marketplaces don't work like cryptocurrency spot markets where you ask your price and wait for someone to come and take it.

The same is the process of digital real estate or properties, they are just like digital collectibles.

There is no such thing as crypto-friendly politicians on a large scale. Politicians represent the interest of private businesses, big tech, pharma, etc., and these giants aren't interested and don't need bitcoin or crypto. They don't mind profiting from you and me using it, but they don't represent self-custody and any type of increase in personal freedoms.

Their goal is to attack bitcoin from every angle and you have to realize why this is being done.

Biden doesn't understand bitcoin, this is too much for his old head, so he's given up and allowed "his people" to do what they want in this matter. These people struck deals with banks who want to slow bitcoin as much as possible. At first the goal was to ban bitcoin, but all the attempts to do so were stopped early. Their latest failed achievement was an act that was supposed to make all the wallet providers assign addresses to names of their clients, which was so ridiculous that it exposed their true intentions and lack of knowledge. It's of course impossible for wallet providers to make clients disclose their private information every time they make a new address and if introduced such act would mean that no wallet software would be available for US citizens. Unless... that's exactly what they wanted. They knew how this works and wanted to slip a ban through the Congress, thinking that not enough people will notice what it really is.

Time is running out for Biden and his team of crooks though. The awareness is rising among politicians and there's no way they can get the majority to ban wallets or mining in the US at this point.

It has a long history of transparency and trustworthiness. If you’re asking me, would I leave my net worth in it for a significant amount of time then the answer is no. But would I sit between crypto & fiat trades, waiting for an opportunity to buy back cheaper then yes. I think it’s fine as a type of middleman, kept on an exchange short term. Like anything though, do your research and not your keys, not your coins.

Purchasing a hardware wallet is a viable option for safeguarding your cryptocurrency, but it may not be feasible for new investors who prioritize earning profits from their initial investment. This may change if they have a substantial investment and surplus funds to allocate towards a hardware wallet.

I would say "mining becomes less profitable" was a thought before every halving, but the reality is that if the price of bitcoin goes up, then mining it still stays profitable. So, if you mine 1 bitcoin per day at 40k dollars per bitcoin, and if you mine 0.5 bitcoins per day when it is 100k, you are making more money with the second one, while you mine less bitcoins.

This is why after every halving the price usually goes up, to make sure that miners keep going strong and protect the integrity of blockchain. I am not saying blackrock made a great decision, nor will they just make a mistake, they are just diversifying their portfolio and if people are fine with every single stock they get into, they should be fine with this one as well, not riskier than some other investments.

Do you think it is a benefit to Bitcoin and the community for Bitcoin to be traded as an ETF or would it be better if people used it peer-to-peer?

Financial institutions of all types are promoting bitcoin as an investment to be held by the institution giving them control of the asset and the transactions.

This is how they plan to move people away from using Bitcoin as a currency.  It is working!!

Payment processed. have a good weekend.

I don't see any advantages from stablecoins except trading and staking. the weakness lies in pedging with traditional fiat. if they decide that usdt is no longer tied to usd then history repeats itself like USD pedging with gold in 1976

Still holding my XRP - I want at least $5 , hopefully $7.50 this coming bull run that's realistic right?

$5-7.50 would only give it a $270b - $400b market cap which won't be much compared to Bitcoin & Ethereum.

pure hype, there is no future and will definitely be forgotten, the nft market alone has crashed 95%, how does it have a future, as far as I know most digital properties use nft.
I feel sorry for those who fell for the NFT hype, now the asset they bought is no longer worth anything, or the value is very far from the price they bought it at. Physical and digital property assets are very different, even the ownership documents are different, people buy NFTs which can be generated using AI in just a few hours.

Algorand is showing good signs going into this coming bull run.

I bought quite a bit at the bottom in September but wish I bought more.

I am happy I held though as i can see this reaching $4-5 in bull run

Do you think that the US would ever try to ban Bitcoin mining? If this is just on a corporate level then it is true that individual miners are void to this requested information from the US Gov't for now. Maybe some huge regulations are underway for this, but its not the right track for progression of Bitcoin, it would truly be amazing if all countries were to embrace BTC like El Salvador has.

I just came across this article, and it seems it hasn't been discussed here. The Biden Administration Wants To Create A Registry Of Bitcoin Miners
My first thought: What could possibly go wrong with a war-hungry and war-supporting government, which is in great debt to have an updated list of all Bitcoin mining operations on its soil? It could perhaps come in handy if a war on Bitcoin is declared or new revenue sources need to be found to finance the pursuit of freedom and democracy. 

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Let's get to it. 



Here are a few interesting points from the article:

- They require that all mining facilities respond and fill out the survey as it's required by law.
- The companies need to submit their addresses and points of contact.
- The companies must state if they are mining Proof-of-Stake or Proof-of-Work coins. We all know this is bullshit, as Bitcoin is the target here.
- The companies need to state how many facilities they have in the US and provide precise coordinates.
- Mining companies must state the number of miners, their models, and the number of produced hashrate.
- EIA also requires information about how much electricity is being consumed.
- They need to name their electricity service providers.

Source:
https://tftc.io/eia-bitcoin-mining-survey/

Official survey announcement:
https://www.eia.gov/pressroom/releases/press550.php?ref=tftc.io

Be realistic. Do you believe Bitcoin would help build a cashless society? Was it a Bitcoin goal? I don't think so. Because Bitcoin fees have become higher, and most likely, they will continue. For a long time, transaction fees have become unrealistic. We thought it would become normal after a few days, but it seems like nothing. Its true worls are moving to a cashless future, and many MFS services are helping with that. Bitcoin has become an investment opportunity. If transaction fees become lower, then Bitcoin would keep playing a role in making a cashless world.

Banks are mostly operated by the government which is why it is the exact opposite of what cryptocurrencies is going for

I think it all depends on the bank because I know some banks would be so bent on keeping their clients and not allowing the usage of cryptocurrencies spread more on the other hand some banks have decided on their fates and decided to invest on cryptocurrencies as well

It’s like what they say “if you can’t beat them , join them”

I think soon banks are going to enforce rules and regulations on the cryptocurrencies they want to hold

No, hackers always find a way to find their victims and hack their Bitcoin wallets. It is crucial to protect your Bitcoin assets. There are various methods to achieve this, including investing in a hardware wallet, refraining from clicking on suspicious links that are sent to you or that you see on social media, and avoiding logging into your wallet from a device that is not your personal computer.

The Solana network was affected yesterday and stopped processing transactions cause of a outage. The outage lasted for 5 hours.

It was the biggest crash on the network since 2 day outage in April. The outages on Solana network is because of node issues they say.

https://www.theblock.co/post/276237/solana-network-restarts-after-outage-that-lasted-five-hours

If they get to De-Fi, then people will definitely come up with something new, decentralized, progress does not stand still. Therefore, there is no need to worry.