Bitcoin Forum
May 05, 2024, 06:12:20 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42] 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 ... 637 »
821  Alternate cryptocurrencies / Altcoin Discussion / Re: PYUSD a.k.a Paypal USD on: September 30, 2023, 02:18:21 AM
In terms of resources, that statement is true PayPal has decent reserves to support this project, though the success still depends on'
how people who are into crypto to use this new stable coin.

Since PayPal already supporting crypto, it will be up to their end users if how they will utilize the use of this new offer project.

If support comes up, then we will see that PYUSD will be successful, but if there's none, we might see it die naturally.

Big exchanges (Kraken, Bitstamp, etc) are gradually adding PYUSD to their platforms. So we should expect the stablecoin to last for quite some time. As I've said before, PayPal's stablecoin has an advantage among its competitors. With the resources the company has as its disposal, PYUSD can reach new heights. I believe Paxos will eventually ditch Binance USD (BUSD), due to fierce regulatory pressure. It will only remain with PayPal USD forever.

I'm surprised to know that regulators went against Facebook's stablecoin, while leaving PayPal out of the picture. Am I missing something here? How come PayPal can launch its own stablecoin "without obstacles", while Facebook wasn't allowed to do so? These are crazy times we're living into. Who knows if PYUSD goes as far as replacing the real USD in the future? Smiley
822  Economy / Speculation / Re: Will ETFs pump BTC to $100k soon? on: September 30, 2023, 01:59:34 AM
Speaking a bit about ETFs, did you follow Gary's recent hearing before the US House of Representatives? In the hearing was a congressman named Tom Emmer, who told Gary that the SEC had no power to block financial innovation and a lot of congressional pressure questions for Gary. So, as I also said before, SEC approval will only be a matter of time, they have no other choice. But honestly, I don't think any ETFs will get approved this year, I predict it will coincide with bull season. And that will be another catalyst for us to have a super bullish cycle.

Not yet. But it's good to know Congress is questioning Gary Gensler for his actions. He may be exceeding his authority as far as I can tell. The Chairman would have no choice but to eventually give "the green light" for Bitcoin spot ETFs. Investors are waiting for this to happen before "pumping" market prices all the way to the moon. A spot Bitcoin ETF combined with a block reward halving, should lead market prices way above the $100k threshold.

I've even read predictions that BTC will hit $1m within the not-so-distant future. It would be wise to buy now while it's still cheap, before the excitement begins. Maybe new Bitcoin millionaires will emerge soon? Grin
823  Economy / Collectibles / Re: [ANN/INFO] CARDSMITHS - CURRENCY SERIES 2 TRADING CARDS - NEW FOR 2023 on: September 29, 2023, 06:23:26 PM
Does anyone know where I could find a checklist for series 2? I've been looking everywhere on the web without luck. Not even the official website has it. There was a Reddit post with an image of the checklist, but it got deleted for some reason.

Any help would be greatly appreciated. Thanks. Smiley

Somehow just posted one on Reddit

Care to share the link? I'm having trouble finding it. Thanks.
824  Economy / Collectibles / Re: [ANN/INFO] CARDSMITHS - CURRENCY SERIES 2 TRADING CARDS - NEW FOR 2023 on: September 29, 2023, 02:19:32 PM
Does anyone know where I could find a checklist for series 2? I've been looking everywhere on the web without luck. Not even the official website has it. There was a Reddit post with an image of the checklist, but it got deleted for some reason.

Any help would be greatly appreciated. Thanks. Smiley
825  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins that you trust most on: September 29, 2023, 11:30:28 AM
There are thousands of altcoins in crypto market and each of coin has investors! Cause people have different choice from one to another.  People even invest in shitcoin to get rich quickly. So what are the names of your most 5 invested altcoins that you are holding or would like to invest soon?? Those are my choice
1. ETH
2. BNB
3. Arbitrum
4. Cake
5. ApeCoin

Not bad. But I'd take "ApeCoin" off the list, especially when it's a "meme" coin. It shouldn't be taken seriously unlike Bitcoin, Ethereum, and the likes. Coins like ApeCoin and Dogecoin are only good as a short-term investment. You'll never know when these coins will vanish, as people move on to the next big thing in crypto.

I wouldn't trust any altcoin that sacrifices decentralization in favor of high-performance and cost-efficiency, though. It's evident that the majority is not as "decentralized" as they claim to be. With Ethereum turning centralized because of PoS, we should expect the unexpected. Maybe Bitcoin will remain the only decentralized cryptocurrency in the future? Just my opinion Smiley
826  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Celestia airdrop live on: September 29, 2023, 11:26:52 AM
Github, Cosmos, Osmosis and Ethereum users are eligible, check your eligibility and claim here: https://genesis.celestia.org

Thanks for the update. But unfortunately, I wasn't eligible for the airdrop. It seems to me that eligibility requirements are pretty strict. Most likely, a small number of people will be able to reap the rewards. I'm fine with that as long as airdrop hunters/farmers are kept out of the system. These players usually "dump" tokens on the market for profit (eventually ruining their value in the long run).

At least, airdrops are a great way to spread the word. If used correctly, they could help drive a cryptocurrency project all the way to success. Who knows how far will Celestia go? Just my thoughts Grin
827  Economy / Speculation / Re: Will ETFs pump BTC to $100k soon? on: September 29, 2023, 11:15:55 AM
If we talk about market centralization, I think it is inevitable because most altcoin projects are centralized and have a leader. So, the government, SEC or any agency can easily regulate and control all of them. But I just hope, we will always be able to keep bitcoin as decentralized as possible and we only need bitcoin, we don't need other altcoins. As long as people never store their bitcoins on centralized platforms, no one can make bitcoin centralized.

As for bitcoin hitting $100k, I'm pretty confident that we're closer than ever. I mean, with or without an ETF, btc will still hit a new ATH in the next bull season.

Altcoin projects have a leader because they want to look as legitimate as possible under the eyes of mainstream investors and traders alike. A coin with unknown developers and founder would be flagged by said entities as a "scam". The only exception is Bitcoin because it was the first cryptocurrency that started this craze.

Staying on topic, I believe it'll be easy enough for BTC to reach $100k after the halving. Especially when many large investment companies are buying Bitcoin like crazy (particularly MicroStrategy). Even El Salvador is filling its bags with BTC. All of this shows us that demand is rising at a very fast pace. The SEC would have no choice but to approve the Bitcoin spot ETF in the long run. Such a move would attract serious investors into the crypto market. No one knows when this will happen, so lets hope for the best. Just my opinion Smiley
828  Alternate cryptocurrencies / Altcoin Discussion / Re: Any new PoW coins on the market? on: September 29, 2023, 11:11:03 AM
If you want to mine them, there's a list of new ones in here

https://miningpoolstats.stream/newcoins

But i honestly think that those are not going anywhere, because of the propaganda you mentioned, and the fact that you can't trade them in dexes. If they don't have any funding they will be listed on some random free CEXes and won't get any traction.

And i disagree with PoS centralization, especially against new PoW coins that are mined in 2 mining pools and can be easily controlled just one mining farm. And stuff like that. Not every solution needs a new chain.

I'm surprised there are so many PoW coins out there, when there's so much propaganda against them (particularly by mainstream governments). It looks like PoW won't become "extinct" anytime soon. Unfortunately, most of the projects found on the link above don't bring anything useful to the world. They're clones from one another. Anyone who mines these coins would only be doing it for fun. Not to turn a profit.

Let me tell you, PoW is decentralized but that doesn't mean it's perfect. PoW can be compromised if only a few players (such as mining pools) control 51% of the network. Bitcoin SV is a good example of a PoW coin that's highly-centralized. Maybe hybrid consensus mechanisms (PoW + PoS) are a better solution?


Kaspa is what I am seeing that's commonly suggested by other altcoin miners. The other one that I am seeing is ravencoin which has the algorithm of KAWPOW.

That's the two that are I am seeing and being mined by many miners these days. About the profitability, I don't know but if they're mining it and they think that it has got a bright future.

Prolly, on the next bull run they're all just covering all the mining expense and stacking the coins they mine for now.

The good-old Ravencoin is still "kicking" after all these years. I like the fact that the project constantly changes its PoW algorithm to remain ASIC-resistant. Sort of how Monero and Vertcoin are doing today. This enables higher decentralization, as nearly everyone has access to either a CPU or GPU. In countries where crypto is illegal, obtaining and running an ASIC mining hardware could be quite challenging. Coins like the ones mentioned before would allow people from such countries to mine "under the radar".

Either way, expect PoS coins to become the majority due to false propaganda from mainstream governments. I wouldn't worry about this as long as decentralization wins in the long run. Smiley
829  Alternate cryptocurrencies / Altcoin Discussion / Re: Are decentralized domains still a thing? on: September 29, 2023, 11:06:06 AM
They are a thing as much as other nfts. Hype has gone and people are laughing anything nft related even more. So no one really wants to touch it. And i never really understood the whole decentralized immutablle web pages in the first place.

We already have darknet. I imagine that decentralized web would go beyond that and contain way more illegal stuff. Stuff no one really asked for or needs to see, because it could scar them for life. There needs to be a way to admin the content. At least for the node runners option not to participate something illegal and disturbing.

Decentralized domains names are "immutable". What's not "immutable" is the server where the website is hosted. That can be easily fixed by using alternative networks such as IPFS or ZeroNet. Unfortunately, developers don't care about this as they're only "following the money". It's this reason why it's so easy for governments to shut down websites, particularly those that are crypto-oriented.

The perfect combination would be to host the website on IPFS and use a decentralized domain provider such as ENS or Unstoppable Domains. Websites would become truly-decentralized, and most of all, censorship-resistant. Darknet doesn't come even close to Blockchain-powered websites, especially when I've read that the Tor network is compromised. I understand the issue of "hosting illegal stuff", but isn't the whole point of the Internet about "neutrality"? People are responsible of what they put on the web. Ultimately, validators on a decentralized network will decide whenever or not they will allow illegal content "to go through".  As long as everything is done right, there should be nothing to worry about. Just my thoughts Grin
830  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be the biggest means of fulfilling dreams in the future. on: September 28, 2023, 08:24:26 AM
There are condition on when Bitcoin will be the biggest means of fulfilling dreams in the future.  We should not blindly believe this kind of statement without understanding the reason behind why Bitcoin will be the biggest means and what condition will it be to be one.

As I stated, the condition should be : 

Bitcoin must forever go uptrend.  This means those who buy Bitcoin will have profit if it continues to uptrend.
Bitcoin must be acknowledged by the government.  There is no use if Bitcoin continues to get popular but is restricted by the government.  It should be accepted so that the use case of bitcoin will greatly promulgated across the world. Thus this can give Bitcoin an increasing value over time.

I think Bitcoin will "go up forever" because Fiat is in a very bad shape. Even if central banks manage to restore the global economy, they certainly won't be able to erradicate inflation. Since BTC has a deflationary mechanism, your purchasing power should be able to go up over time. If you play your cards right, Bitcoin can be a great way of fulfilling your dreams in the future. Especially if you live in a developing country like El Salvador or Paraguay.

For people living in developed countries, it's going to take a lot more time and effort to achieve the desired results. I'd suggest you stick to basic economic principles of spending less than what you earn if you want to become rich with BTC in the long run. No one can predict the future, so we can only hope for the best. Just my opinion Smiley
831  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run? on: September 28, 2023, 02:40:09 AM
It won't be for long. Even if we see $1, we're going to go down hard soon. In the end we should remember that DOGE issue is constantly growing and there are many more coins.

DOGE could go all the way to $1, if Bitcoin goes on a long-lasting bullish trend. A target price of $100k per BTC should keep DOGE above the $1 threshold. It doesn't need Elon Musk to succeed. Don't get too excited about it, especially when it's a "meme coin". There are new projects out there with better features than Dogecoin.

Why would investors pour their money into a "meme coin", when they could put it all in a serious project with real use cases? Bitcoin, and Ethereum is where the money is. The crypto market is speculative by nature, so expect the unexpected. Who knows what the next big thing in crypto will be? Just my thoughts Grin
832  Alternate cryptocurrencies / Altcoin Discussion / Re: Hedera Hashgraph is ten times better than Ethereum on: September 28, 2023, 02:34:18 AM
Following Hedera's success, there are new projects coming to the market that also use DAG technology with upgraded features. Hashgraph is better than ETH in terms of cost efficiency and performance, but it cannot provide the security that ETH can offer. As I have already mentioned, the private node system makes it partially centralized, and if some of the node operators want, they can harm the ecosystem with a coordinated attack.

I think DAGs existed way before Hashgraph became "a household name". If I'm not mistaken, it all started with Nano (formerly known as RaiBlocks). The technology was perfected by other projects, particularly Hashgraph and IOTA. We now have several projects which make use of a DAG for high performance and cost-efficiency. Transactions settle almost instantly, while fees are practically zero. This is great for cross-border payments and even "De-Fi" applications.

Unfortunately, DAGs are not as popular as traditional Blockchain networks such as Bitcoin and Ethereum. That's because they're fairly new to the scene. I'd give them more time to see what happens. Who knows if someday HBAR will climb all the way towards to top 5 coins in market cap? Smiley



Also ETH has the EEA just like HBAR has the governing council...

Ironic, isn't it? On one side, Ethereum wants to be the "decentralized platform for web applications", while on the other side, it wants to go along with business' own interests. Either ETH sacrifices decentralization in favor of high performance and cost-efficiency or all the other way around. It seems to me that the project chose the latter option with its transition to PoS. Things will only get worse as CEXs "hold all of the cards". After all, they're the major "stakeholders" of ETH (the cryptocurrency). There will be no difference between ETH and HBAR in the long run, thanks to the aforementioned entities.

At least, the project is open source. With the original blockchain still with us (Ethereum Classic), we should have nothing to worry about. Wink
833  Alternate cryptocurrencies / Altcoin Discussion / Are decentralized domains still a thing? on: September 27, 2023, 03:47:25 PM
For those who don't know, Namecoin was the first cryptocurrency project that brought the concept of "decentralized domain names". Ethereum came after and ENS was developed. For an Internet that's utterly-centralized, this is a good start. We would have many websites built on P2P tech, all without the single point of failure. These days we have IPFS and several other alternative networks aimed to make the Internet more decentralized. This, combined with a decentralized domain, should make the web truly unstoppable. But to my surprise, the number of websites using decentralized tech are pretty scarce these days.

Do you think decentralized domain names are still a thing? Or will they become nothing but a failed experiment? Do you think blockchain networks will be able to replace the ICANN in the future? Your input will be greatly appreciated. Thanks. Smiley
834  Alternate cryptocurrencies / Altcoin Discussion / Any new PoW coins on the market? on: September 27, 2023, 03:43:32 PM
Does anyone know of any new cryptocurrency project that uses PoW as its consensus mechanism? It seems to me that mineable coins are becoming extinct these days. We can blame the government for its false propaganda regarding the "high energy consumption" of PoW cryptocurrencies. Nowadays, 99% of new coins are centralized PoS. I'd be surprised if there's anything new on the market with PoW behind it.

Your input would be greatly appreciated. Thank you very much. Smiley
835  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is Monero so unpopular? on: September 27, 2023, 12:29:25 AM
This is the fear of any cryptocurrency, even bitcoin. Cryptocurrency itself, especially on PoW consensus, cannot be banned because it is decentralized and there is no single command center. Most crypto users primarily associate cryptocurrency with the price on the exchange, and if this price collapses by 90%, many will consider the coin dead.

In this regard, those who became early investors in Monero are at an advantage, as they are not strongly tied to the value of the coin itself, because the cost of their coins is extremely low.

Most people are into crypto because of the money. Not because they believe in its tech. Monero may have some value today, but it could all fade away once it gets "banned" from CEXs. Only the underground world will use Monero no matter what. The rest of the people will stay with transparent crypto coins such as Bitcoin and Ethereum, especially when they "have nothing to hide".

You can see there aren't as much privacy-oriented coins today like it used to be in the early days. Developers are afraid of launching new coins with privacy features due to tighter regulations. These days, coins are fully transparent with PoS as their main consensus algorithm. It's a pity because this makes the crypto industry centralized. There's nothing we can do, other than sit back and wait what happens in the long run. I'd be surprised if Monero is still trading across centralized exchanges within a decade from now. Just my thoughts Grin
836  Alternate cryptocurrencies / Altcoin Discussion / Re: Opinions on Native Coins/Tokens of Exchanges? on: September 27, 2023, 12:24:21 AM
Pressure from the SEC and several exploits that occurred on the BSC network did have a significant impact but did not last long, the BNB price strengthened again and was quite stable. FOMO will only occur if there are several events or when BNB is being talked about a lot.
But holding BNB long term is also quite worth it rather than having to hold other altcoins that are still unclear. But I still stick with BTC, ETH and BNB for the main coins that have good project development going forward.

There's manipulation happening behind the scenes. You'd think the SEC's actions would take BNB all the way down the drain? Being an exchange-based cryptocurrency, gives it an advantage among others. It's no secret Binance is the largest crypto exchange in the world. The company has a lot of resources to keep BNB afloat for a very long time.

I guess holding exchange-based coins/tokens does come with its benefits (except that they're highly-centralized by design). With projects being built on top of the BSC chain, it should only be a matter of time before BNB goes all the way to the moon. Who knows for how long will exchange-based coins/tokens last? Just my opinion Smiley
837  Alternate cryptocurrencies / Altcoin Discussion / Re: After FTX collapse, some call for a return to decentralized roots on: September 26, 2023, 11:56:15 PM
There are tens of millions of such people. Understand that 90% of people are very stupid and they are just too lazy to create a wallet and store funds on the wallet, it is easier for them to store everything on the exchange. This is also the fear of responsibility. Many people just want to shift the responsibility to the exchanges, and in case they lose their funds, they will have someone to blame it on.

That's certainly true, mate. People don't want to take full responsibility (self-custody) of their hard-earned crypto funds. This is the reason why centralization is plaguing the industry. Without true believers of decentralization, our hopes of "beating banks" would be nothing but lost. There's nothing we can do about it, especially when Wall Street is already in the game.

One thing for sure is that FTX's collapse is nothing but a short setback for CEXs. These entities will only they get bigger and stronger over time. After all, they're the only way in which governments are able to efficiently collect taxes from you. Not only that, but CEXs give the government a "full scope" of where the crypto is flowing. Decentralized alternatives will be left behind in the dust, as people continue to put their trust in "the middleman". Who knows if DEXs ultimately get "outlawed" by the government? Just my thoughts Grin
838  Economy / Speculation / Re: Will ETFs pump BTC to $100k soon? on: September 26, 2023, 11:51:29 PM
Exactly, if they accept ETFs, it will add credibility to bitcoin and people will rush to invest and use bitcoin, and will abandon fiat currencies or government bonds. I think that's what the SEC and the government are thinking about so they don't want to accept ETFs too quickly. I guess they will continue to find ridiculous reasons to find ways to delay the ETF as long as possible in order to find a solution to reduce losses on government bonds and fiat currencies once bitcoin ETF is approved.
Many are expecting ETFs to be approved in October but I believe they will all be delayed until next year.

Choosing a decentralized cryptocurrency over Fiat is something no government wants. I think the US government will end up tightening regulations for the crypto industry to prevent such scenario from happening in the future. The spot ETFs will continue to be delayed until the SEC feels "it's safe enough" to give the "green light". By the time a spot Bitcoin ETF is approved, the industry will be regulated "down to the bone". This shouldn't be a major cause of concern, especially if we want Bitcoin (or crypto in general) to be legitimized.

I'm certain market prices will rise to $100k sooner than later. But don't expect things to get better when centralization is still the "driving force" of the market. Who knows what the future holds for the cryptocurrency? Just my opinion Smiley
839  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Coinbase launch a native coin/token for Base? on: September 26, 2023, 11:42:44 PM
I think it's wrong to compare Base with BNB and Cardano, since they all three have different purposes. Base is L2 rollup, BNB is EVM compatible independent blockchain, Cardano, no idea never used it, if it was relevant to ethereum, opportunity must have arose but it never did, so I remove it from comparison altogether.

Base can't run independent of Ethereum because it finalizes it's transactions on ethereum itself, thus they say, "inhering security of ethereum".

The only way Base would become a direct competitor of BNB, is if the developer team decides to part ways from the Ethereum blockchain (in other words, an independent blockchain or L1). I was only talking about the possibility of this happening in the future. After all, the crypto industry is full of surprises. Whatever Coinbase decides to do with Base in the long run would only be for the best. I think there's a high chance the company will launch a native token for Base, considering that similar projects already did it. Coinbase might be waiting for the next bull run to "pull the trigger".

Using the Base platform on a daily basis could give you the opportunity of earning huge profits after a successful token launch. That's assuming there will be an airdrop. We're just speculating here. No one can predict the future, so we can only hope for the best. Just my thoughts Grin
840  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Coinbase launch a native coin/token for Base? on: September 25, 2023, 01:35:18 AM
There's no problem with that. Look at how other projects that gave out airdrop behaved, such as Arbitrum. Although the price dropped after the coins were unlocked for retro hunters, but in general the price of the coin did not suffer much. If the project has market makers and good demand, the market will quickly swallow the sudden supply of token sales. If this pressure occurs during the dawn of the altcoin market, I am sure that for BASE these sales of airdrop coins will go unnoticed at all, as this coin will have a billion dollar capitalization and large trading volumes.

Airdrops could be a successful "venture" for any project if "done right". It's advised that the token/cryptocurrency creator put restrictions on eligibility to prevent a massive "dump" from happening across mainstream crypto exchanges. With an airdrop in place, Base could help attract the masses into its platform (especially when airdrops are some sort of marketing technique). For what I know, "all the cards are on the table". Coinbase has the power to make Base a solid L2 network with the resources it has. Even if there won't be any airdrops, that doesn't mean it's "game over" for good.

What Coinbase needs is to build an ecosystem strong enough that would challenge rival chains such as BNB and Cardano. Things are just getting started, so I'd suggest you "hold on tight" as this is going to be a "wild ride". Who knows if in the future Base becomes an independent blockchain network? Just my thoughts Grin
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42] 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 ... 637 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!