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741  Economy / Economics / Re: In times of war, Gold rises. What about Bitcoin? on: October 20, 2023, 11:43:48 AM
"Silver wins battles , Gold wins wars " and Bitcoin wins in both of them so the current rise of Bitcoin is no coincidence and in my opinion we slowly transit towards bull run. Will it get a big spike in price until the last year ? I doubt that , however , I won't be surprised to see price above 33k by the end of the year.  Cool

I'm sure Bitcoin will reach a new ATH soon. The upcoming halving event, and companies buying like crazy (Blackrock, Fidelity, Microstrategy) will help BTC cross the $30k range faster than you could imagine. You can buy BTC at a huge discount and sell it for a profit once the market pumps again. Gold rises during times of war, but it doesn't experience high gains as Bitcoin does. It remains relatively stagnant for long periods of time.

When you invest in Gold it's to help preserve your capital/purchasing power. Not to get richer over time. By leveraging between the two assets (Bitcoin and Gold), you'll be able to achieve peace of mind. These are uncertain times we're living into, so expect the unexpected. Just my thoughts Grin
742  Alternate cryptocurrencies / Altcoin Discussion / Re: Which privacy technique is the strongest? on: October 20, 2023, 11:35:08 AM
Which is better - zero-knowledge proofs or ring confidential transactions privacy technigue ? Both do the same.
I think Monero is more easy to use, send, receive - no problem. Zcash you can only send, receive to shielded addresses, if you want privacy.

Why would Monero be much easier to use than Zcash? I'd say XMR is harder to understand than ZEC because of the way it's designed. It uses three keys instead of two used by coins like Zcash and the others (Bitcoin, Ethereum, etc). ZEC only has shielded addresses, whereas Monero has a public key/address, a spend key, and a view key. If you want someone else to view your transaction history, you'd need to share your view key to do that. Using only the public key won't suffice.

It takes quite a bit of understanding to get your way through the XMR blockchain. And it's even worse with Mimblewimble coins such as Grin, BEAM, and Litecoin (yes, Litecoin added said privacy feature some time ago). I think that's one of the reasons why privacy coins are very unpopular. At least, there are plenty of options to choose from. As long as R&D for privacy/anonymity continues, we should have nothing to worry about. Smiley
743  Alternate cryptocurrencies / Altcoin Discussion / Re: Which old coin do you prefer? Litecoin or Dogecoin? on: October 20, 2023, 11:22:10 AM
I'd go with Litecoin. I have more experience with using it compared to Dogecoin and I've rarely touched meme coins before. It doesn't help that as you've said, it's supply expans infinitely. I also don't really like how the market went up all of a sudden beforehand all because of Elon and his shenanigans, probably the number one reason why I stayed away from it like a plague. Seeing as the case has died down though I might check it out at some point later.

That's certainly true, mate. Dogecoin's success is concentrated in Elon Musk himself. Almost everyone follows the man's advise when investing into DOGE. Talk about "decentralization". On the other hand, Litecoin creator Charlie Lee decided to step down from the project to make it more decentralized. There's no one to follow, other than the community itself.

We could say Litecoin's price is driven by utility instead of hype (speculation). The cryptocurrency (LTC) is often used to test new features before they're integrated into the main Bitcoin blockchain. With a limited supply of only 84m units, Litecoin has a high chance of becoming "Silver to Bitcoin's Gold" in the future. It's very undervalued to say the least. Hopefully, people will notice its true benefits resulting in a massive pump in market prices. Who knows how far will LTC go? Grin
744  Alternate cryptocurrencies / Altcoin Discussion / Re: Digital Real Estate: Is it worth it? on: October 20, 2023, 11:16:06 AM
That can be replicated so many times. To be honest if the developers were just selling gimmick here. Those developers helped by the bullish trend to fool people to buy their shitty non reality real estate like land in the game.
People were also very dumb to buy that shitty land. I don't know what to say but it's just matter till everything will worth nothing. We are facing crisis and this is even worst than before.
Those people will not able to sell their land and they will be losing a lot of money cuz their stupidity to invest in the non valuable thing like virtual land. I wonder how long people will be realizing it. It took very long time for people to realize if their investment will worth nothing someday. It's crazy to see that.

Instead of "Digital Real Estate", they should change the name to "Virtual Estate". I honestly don't see how the hype will hold for long, when real estate is still one of the driving forces of the market. The new trend may be well ahead of its time. Just like NFTs and RWAs. Whenever we like these trends or not, there's no denying that this is the way of the future. Everything is pointing to that direction. AI, the metaverse, CBDCs, NFTs, RWAs, virtual estate, and quantum computing will pave the way towards a full-fledged digital society.

The question is not "IF" but rather "WHEN" it will happen. I think it's going to take quite a few decades from now before this becomes a reality. I'd put my money where my mouth is by investing into promising projects with real utility. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Smiley
745  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is there hope for Zcash (ZEC) to reach a new ATH? on: October 18, 2023, 01:08:28 PM
The developer team already announced their intentions to make Zcash a PoS blockchain. It seems they will be following ETH's footsteps. If the upgrade gains the approval of the community, market prices will "pump" like crazy. At least for a short period of time. This should be able to bring back the hype. If you're curious about the transition to PoS, I invite you to read all about it here:
Oh so they will go on that road like what eth did. Im sure this will served as catalyst for a pump but of course they must have been strict and more likely a good launch. Anyway when they gonna do that? Is this plan confirm or just still a plan? Did you attached a link? I think you forgotten it.

Not really fan of zec but this could be a good short to medium trading opportunity.

For some reason, the link did not appear on my post. Here it is again: https://electriccoin.co/blog/the-trailing-finality-layer-a-stepping-stone-to-proof-of-stake-in-zcash/

Quite an interesting read if you tell me. Zcash will become a hybrid PoW + PoS coin and then switch to full PoS. A great opportunity to buy ZEC at a cheap price, IMO. Wink
746  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is there hope for Zcash (ZEC) to reach a new ATH? on: October 18, 2023, 11:25:38 AM
Maybe for now. Each coin or tokens has unique way to be recognize from the community and maybe zec's time isnt now. Most people are into hype and they lack that. Im not sure though but if you are investors might as well check others than buying a low engagement project. Governmemt will likely not support this no matter what especially its concept.

Of course. Without hype, I don't see ZEC "pumping" anytime soon. The developer team already announced their intentions to make Zcash a PoS blockchain. It seems they will be following ETH's footsteps. If the upgrade gains the approval of the community, market prices will "pump" like crazy. At least for a short period of time. This should be able to bring back the hype. If you're curious about the transition to PoS, I invite you to read all about it here:

Exciting times ahead for ZEC and Zero-Knowledge proofs as a whole. Even ETH L2 networks have been using ZKPs. Maybe someday ZEC will go all the way to the moon? Just my two sats. Cheesy
747  Alternate cryptocurrencies / Altcoin Discussion / Re: Digital Real Estate: Is it worth it? on: October 18, 2023, 11:20:40 AM
Of course it doesn't worth anything, people are making stupid decisions, just like all those who spent hundreds of thousands of dollars on NFT's that worth less than a thousand dollars today, they all thought it would be nice, and they all were wrong. We need to realize that it is not going to be this type of world we are not going to have a world that's going to be in the metaverse, not anytime soon at least.

Matrix was a world where humans were used as crops and their mind was in some simulation, trying to put people into metaverse and live there doesn't seem healthy to me at all, you would know the real world, but you would reject it and lived in the meta world you created, I would say that is risky and not too real.

It seems to me that the world is heading towards complete digitalization. What Matrix (the movie) showed us, could not be far from becoming a reality soon. Constant wars, economic instability, and a persistent health crisis (because of the COVID-19 pandemic and other diseases) will make us more isolated and away from reality. Everything will live in the "virtual realm" whenever you like it or not. Digital Real Estate, Tokenized Real World Assets, and the Metaverse are the way of the future.

It may not make sense today, but it will in the long run. I wouldn't invest into digital real estate as the industry is still immature. Everything is overhyped these days. Give it some time, and it could become a part of our daily life. The future is widely unpredictable, so we can only hope for the best. Smiley
748  Alternate cryptocurrencies / Altcoin Discussion / Re: Which old coin do you prefer? Litecoin or Dogecoin? on: October 18, 2023, 11:17:23 AM
DOGE, and I will DOGE until the very end of my life - like the named "DOGECOIN Millionaire" is. Cheesy

Kidding aside, I don't know the exact reason, but I prefer DOGE more than LTC. Maybe because of the transaction speed? Maybe because of it's popularity? Maybe because of the fact that it's fees are lower than that of LTC. Overall, I don't see any reason why I'd choose Litecoin over DOGE. Wait, I already have a reason. It's because Elon Musk will add it into his platform X, and might be used for tipping those people. Well, that's the main use case of DOGE from the start so... yeah. Cheesy. As for Litecoin, there are no significant news regarding the project anymore, but that doesn't mean that the project is dead already.

Overall, both of them will pump during the bull run, so I guess holding both of them, then sell during the bull run isn't a bad idea, eh? Smiley

For starters, Litecoin has the "Mimblewimble" privacy feature and LN integration. You don't see that coming with Dogecoin. I think most people prefer Dogecoin on top of Litecoin because of its inexpensiveness. It's no secret that Dogecoin market prices are a hell of a lot cheaper than Litecoin. The latter has a limited supply, whereas Dogecoin's supply inflnitely expands over time. This makes the "meme" coin more suitable as a currency than a store of value.

Dogecoin's inflation rate should be able to keep market prices low for the forseeable future. How cool is that? Sometimes I wish Dogecoin would go back to being worth less than a cent (USD). Just like in the early days. Maybe it will happen after the hype fades away? Smiley
749  Economy / Economics / Re: In times of war, Gold rises. What about Bitcoin? on: October 18, 2023, 11:10:10 AM
Bitcoin and Gold are different classes of assets. Bitcoin might not fluctuate in times of war. Bitcoin will pump in the coming months, and the price will go past $30k. On the other hand, Gold is stable at the moment with slight fluctuations in the price. 
Bitcoin still has a long way to go to replace Gold and gain the trust of investors in crunch situations. In future, we will see Bitcoin adoption reach its peak, and Bitcoin will be used as a store of value along with gold.

I guess Bitcoin is still new to the world. Investors trust Gold because it has been around for centuries. I think we should give Bitcoin more time to see what happens. I'm certain the world will adopt BTC as the new store of value because of the benefits it provides. Volatility aside, Bitcoin is better than Gold because it's portable, decentralized, and highly-divisible. It should only be a matter of time before people recognize this.

I'm in no hurry to see Bitcoin going all the way to "Mars" as long as it does the job it's supposed to (bringing banking to the unbanked). If it doesn't sacrifice decentralization in the long run, it could last a lifetime. Maybe Bitcoin and Gold will co-exist for generations? Grin
750  Alternate cryptocurrencies / Altcoin Discussion / Re: Which privacy technique is the strongest? on: October 18, 2023, 11:05:35 AM
1. CoinJoin is simple. That makes it compatible with Bitcoin, but the weakest option.
- Amounts are visible. You can have multiple inputs and outputs, but the upper bound of tx is clear.
- Small anonymity set. People may opt out of mixing with you. Limited by transaction size.
- Interactive. You need to find people who want to mix coins with you and be online at the same time. There is software for that, though.

2. Mimblewimble. I haven't spent a sufficient time on it, so may be wrong here.
- Small anonymity set. Miners may know about txs more than parties that download the blockchain later.
- Limited transaction types.

3. RingCT is modular, and one of its components is Bulletproof a special zero-knowledge proof.
- Small anonymity set. Limited by transaction size.
- Limited transaction types.

4. Zero-knowledge proof is the strongest option, if used appropriately.
- Big anonymity set. All users and txs are there.
- Arbitrarily programmable transactions are possible, but I haven't seen projects that already implemented this.

This explains everything. Thank you very much. Based on what you've described here, does that mean Zcash has the strongest privacy technique? If that's the case, I'm surprised to see XMR being hailed as the #1 privacy coin in the world. ZEC's limited supply (21m like Bitcoin) and innovative approach to privacy/anonymity should've made it one of the most valuable crypto coins on the market today. It's very undervalued to say the least. The majority are not focused on privacy coins these days, so don't expect things to improve anytime soon.

I'm yet to see if developers will launch new privacy coins that will challenge existing ones in the future. The lack of innovation in the privacy space, tells us developers are afraid of increasing regulatory pressure. It's likely privacy coins will remain a niche forever. At least, people have a choice. As long as decentralization wins, nothing else matters. Smiley
751  Alternate cryptocurrencies / Altcoin Discussion / Re: Stablecoin censorship on: October 17, 2023, 11:30:10 AM
This banned or stablecoins being frozen are common in some hacking incidents. Like in any centralized entities or even DeFi entities we have now in the cryptocurrency market.
It's just sad because the essence of cryptocurrency is being disregarded here, let's say for example if you are just normal person and your funds just got frozen without any doings, then it means you really don't own your cryptocurrency.

Having a centralized stablecoin that's prone to censorship, certainly does not go well with crypto/Blockchain tech's core ethos. I can't imagine how disastrous it would be to combine such a stablecoin with "De-Fi". It's like bringing banks to the Blockchain. This introduction of a middleman or third-party, greatly brings us the single point of failure from centralized systems. Most people don't care about this because they only want to make money fast.

As I always say, convenience goes on top of everything else. I hope we get more decentralized alternatives to help make "De-Fi" truly censorship-resistant. Otherwise, crypto will be doomed to failure. The future is widely unpredictable, so we can only hope for the best. Just my opinion Smiley
752  Alternate cryptocurrencies / Altcoin Discussion / Re: Which old coin do you prefer? Litecoin or Dogecoin? on: October 17, 2023, 11:25:05 AM
I think I'll go with Litecoin, for my personal preference Doge isn't that good coin. It's just that it came from meme and who's gonna take that seriously? Yup, Doge built his name for hype and that's it. It just ended up like that. I know a person who invested her money in Doge and regretted it, I warned her about Doge and she doesn't listen to me. Her money disappeared in thin air.

If there's one person who takes Dogecoin seriously, that would be Elon Musk. After all, he's the one who brought the "meme" coins hype. Foolish investors make their decisions based on Elon Musk's opinion. They will end up getting "rekt" in the long run. As the original creators stated, Dogecoin is only a "joke". It's more like a "fun experiment" that "doesn't break the bank". With ever-rising inflation, DOGE will become worthless in the future. It's not a matter of "IF" but rather "WHEN".

For serious day-to-day transactions, Litecoin would be the way to go. It's close to Bitcoin in terms of decentralization, economic model, and censorship-resistance. With added privacy features (Mimblewimble) and LN integration, LTC will become bigger and stronger than ever. Maybe LTC will reach a new ATH within the not-so-distant future? Cheesy
753  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether Gold vs Paxos Gold...Which is the best? on: October 17, 2023, 11:20:54 AM
If you really want to invest in gold and get the capital protection that Gold investment offers, choose digital gold from an authorised supplier. In my country, digital gold is the safest gold purchase option we have. You can buy in fractions or small domination of gold and keep it safe with the government approved custodians digitally. You can sell it anytime you want and get the amount credited in your bank account instantly.

So when it comes to gold, I would suggest not to look for centralized crypto issuers. Rather find something legal in your country.

Do you mean custodians like Goldmoney and Vaultoro? I was looking more into Blockchain-based digital Gold, because of the benefits it provides. Custodians charge fees for keeping your Gold stored in a vault. You don't have to worry about that with Gold-backed tokens on the Blockchain. You'd just buy, sell, and manage your "digitized Gold" on an ETH wallet of your choice. It's even better when you hold the keys/seeds yourself.

Digitized Gold is certainly an appealing option for investors who want portability and unparalleled security. It's the "best of both worlds". This is one of the many RWAs (Real World Assets) that will take the world by storm. If I had to pick between the two tokens, I'd choose Paxos Gold. It's not as shady as Tether. Hopefully, we'll see more options available in the future as RWAs becomes more popular. Just invest what you can only afford to lose, and there should be nothing to worry about. Wink
754  Economy / Economics / Re: In times of war, Gold rises. What about Bitcoin? on: October 17, 2023, 11:15:08 AM
Yeah BTC will be rising soon. Well past 30k this month and around 40k by Jan 1.

Much more likely to do that than another method.

My reasoning is the difficulty has risen again this time by 6.47% which is more than 500 million in gear

added on.  Gold is stable for now but you don't know about its future availability.

I.e. are asteroid filled with gold real and mineable:


https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/

if this is true gold will drop well under 500 usd an oz.

and if it is true silver looks more solid.

I doubt Gold will lose value quickly, especially when it's been trusted by investors for centuries. I know the discovery of an asteroid with Gold in it increases the supply. But that doesn't mean its value will go down overnight. The only way this could happen is if BTC becomes the world's preferred store of value. It could take decades before we're able to witness such a change.

I'm fine with BTC just the way it is, as long as it doesn't sacrifice decentralization in the long run. Knowing that the supply of BTC is limited, there's a high chance the cryptocurrency will reach a new ATH in the future. With or without market momentum, don't expect Bitcoin to go anywhere soon. Just my two sats. Wink
755  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is there hope for Zcash (ZEC) to reach a new ATH? on: October 17, 2023, 11:12:03 AM
Probably due to market situation at all. Not just zcash is down but all other tokens too. Its up to their development progress if theres gonna be a movement with relative to the current market. For me its normal, but due to privacy setting maybe thats also being one of the reason since monero is also stuck up with its price maybe people doesnt believe or more hype on privacy coins rather than other types of crypto projects.

Most altcoins are down because of the bear market. Zcash is no exception. But when you compare ZEC's price vs the competition, you'll notice there's a huge difference. ZEC hasn't had any major price movement for quite a few years now. The cryptocurrency is way below its ATH of around $1.6k per coin. That's a huge loss for investors who bought the coin at launch.

I've thought the poor price performance was because ZEC was a privacy coin, but I think the "founder's reward" had to do something with it. For those unaware, a portion of each ZEC mined went to the company's founder's address. That "tax" is no longer being collected, but it did have an impact over the short-term growth of the project. There's nothing that would "pump" ZEC's market price now, especially when the majority are focused on smart contracts, and "meme" coins. Privacy coins are widely unpopular thanks to governments' propaganda/misinformation. If Monero is having a hard time getting traction, don't expect Zcash to do better. At least, the ZEC blockchain is working as intended. As long as it stays decentralized, there should be nothing to worry about. Smiley
756  Alternate cryptocurrencies / Altcoin Discussion / Which old coin do you prefer? Litecoin or Dogecoin? on: October 16, 2023, 11:34:42 AM
Among the good-old coins listed on the market today, which one do you prefer the most? Litecoin or Dogecoin? The former is often used for serious cross-border payments at a fraction of the cost, while the latter is used more for micropayments/tipping. Despite these differences, it's no secret that DOGE is faster and cheaper to use than LTC itself (Dogecoin's block time is lower than Litecoin's, while market prices are cheaper). I'd choose both as they're tried-and-tested blockchain networks with decentralization and security/reliability in mind.

What would be your pick? And why did you choose that coin in the first place? Your input would be greatly appreciated. Thank you. Smiley
757  Alternate cryptocurrencies / Altcoin Discussion / Tether Gold vs Paxos Gold...Which is the best? on: October 16, 2023, 11:28:40 AM
I've stumbled across tokenized gold assets such as the ones mentioned on the title of this thread. I'm wondering which one is the best (safest) for buying and holding long-term? Knowing that Tether had a shady past, I'd be careful putting my money into something that might collapse in the future. Paxos might be a better option, though.

Still, I'd like to know what do you think about each of these tokens. Any insights as to the amount of reserves they have, or how they comply with regulations would be greatly appreciated. Thank you very much. Smiley
758  Alternate cryptocurrencies / Altcoin Discussion / Which privacy technique is the strongest? on: October 16, 2023, 11:21:16 AM
There are many privacy coins on the market each with their own features and approach towards privacy. I've read about various obfuscation methods such as CoinJoin, ZKPs (Zero Knowledge Proofs), RingCT, and Mimblewimble. Yet, I'm wondering which of these techniques is the strongest in terms of preserving your utmost financial privacy and anonymity.

Is it the one used by Monero (RingCT + Confidential Transactions), Zcash (ZKPs) or Grin (Mimblewimble)? Please enlighten me. A detailed overview among the strongest/weakest points of said privacy techniques would be greatly appreciated. Thanks in advance. Smiley
759  Economy / Economics / In times of war, Gold rises. What about Bitcoin? on: October 16, 2023, 11:14:22 AM
I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.

Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks. Smiley
760  Alternate cryptocurrencies / Speculation (Altcoins) / Is there hope for Zcash (ZEC) to reach a new ATH? on: October 16, 2023, 10:58:05 AM
Since the early days of launch, Zcash had a market price well above $2k per coin. Popularity/hype faded away and now it's sitting in the "double digits". With many improvements made on the network lately (like removing the need for a trusted setup, among others), ZEC should've been among the top ranks in market cap by now.

What happened? Do you think Zcash's downfall had to do anything with being a privacy coin? Or is it something else? Do you believe there's still hope for the project? Your input would be greatly appreciated. Thank you very much. Smiley
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