Anyone would rather than avoid to use this privacy coin instead of being accused by government to do criminal activities and being jailed. Privacy is not a major concern for anyone in crypto. To be transparent, they agree to provide their identities to the exchange site.
Privacy coin may not be needed again. The regulators can easily accuse people who used privacy coin to be connected with some criminal activities. Monero is good only for p2p transaction.
The beauty of privacy coin already burned by regulators with so many restrictions.
Yes. Centralized exchanges already defeat privacy coins' original purpose. Most people don't care about this since they "have nothing to hide". Once governments ban Monero from widespread use, interest/demand for the cryptocurrency will decline. I believe only criminals will use Monero, while the rest of the world will "stick" with ordinary cryptocurrencies such as Bitcoin and Ethereum. Governments will try to shut down the Monero blockchain, but they will ultimately fail due to its decentralized and censorship-resistant design. We can blame the regulators for bringing a "bad image" to privacy coins among the general public. I guess that explains why Monero is so unpopular. I'm fine with that as long as decentralization wins in the long run. Who knows if Monero lasts for generations? Just my thoughts  |
|
|
|
I think the coin is good as dead. The coin without much success is having obstacles and hurdles on every step.
There are 100s of alternatives that are trying to achieve what algorand is trying to. The motto are a bit different like algorand claims to bridge the gap between traditional and futurefi but every of side chain platform are trying to do the same. The war is of recognition, speed, fees and adoption. And with its years lost without much adoption, there's no way it would be able to compete with popular utility coins now and any potential competitor that may be introduced in future.
You're right about that, mate. Coins with smart contract features usually get a lot of attention, but that's not the case with Algorand these days. I think the project is slowly dying. Developers need to come up with something new to help attract the masses into the project. With strong marketing/promotion, ALGO could make a comeback. I really hope it does, considering that the project has a huge of potential to disrupt the Web3 industry. I like how fast and cheap it is compared to other Blockchain platforms. We might need to wait until the next bull run to see what happens. Who knows how much ALGO will be worth in the future? Just my opinion  |
|
|
|
In general I agree more with WillyAp than with Abiky here. Late-2010s and early-2020s trends like NFTs, DeFi, Metaverse etc. are already fading out a bit even if there are still many bagholders trying to hype them . Litecoin has to build on its success as a payment coin, and reach out to more popular platforms. Perhaps also an OpenBazaar fork with LTC as main coin could be an interesting idea. I think also the low-fee aspect could be exploited more. I don't understand why there are so few P2P exchanges offering direct onramping from fiat to coins which are not Bitcoin, because the fees (for example on Bisq) are a significant hurdle to "simply try out" a trade. A "LocalLitecoin" (in the vein of LocalBitcoins/LocalMonero) or adding LTC direct buys to P2P DEXes could be a quite good idea. It would give people a decentralized option to on- and offramp the cryptocurrency space using a coin with very low fees and without KYC, which enables for example to simply try out cryptos with a very low investment (10$ or even less). Of course Lightning exchanges are also an option for that (Robosats ...) and LocalMonero is also quite good. But LN in its current state is not quite the best option for cryptocurrency newbies, and Monero is also significantly more difficult to use than LTC or BTC, so I guess a Litecoin-based "onramping site" has enormous potential. I'd certainly love to see LTC's use cases expand in the future. But without mainstream popularity, I don't see this happening anytime soon. One thing is certain and that is people don't care about decentralization these days. All they want is to make a lot of money in the shortest time possible. That's why we've seen centralized "shitcoins" eating Litecoin's "cake" these days. They're among the top ranks in market cap after Bitcoin. It's unfortunate to see how human greed has moved crypto away from its original purpose. As I've said before, all of the attention is on smart contract platforms with NFT capabilities, as well as, "meme" coins/tokens, AI-based tokens, and the metaverse. LTC is a simple cryptocurrency only meant to be used for sending/receiving money. It's just like Bitcoin. Only that the latter has all of the attention because it was the first cryptocurrency that started this craze. At least, Litecoin has trading pairs on almost any crypto exchange you could imagine. As long as the Blockchain stays alive and running, there should be nothing to worry about. Just my thoughts |
|
|
|
What can go wrong if you go all in Bitcoin?
- In the future, the most powerful countries in the world will make a decision that trading with BTC is illegal, they will close all CEXs and the price will drop drastically.
- In x years from your investment, thieves will break into your house and steal your backup, or force you to send them all your BTC in a transaction.
- In x years from your investment, you will try to sell your BTC and only then realize that something is wrong with the backup, and you will no longer have access to the original wallet.
- In x years from your investment, some natural disaster will happen and your backup will disappear.
It is true that it is easiest to buy Bitcoin, but all the risks arising from such an investment should be taken into account. I wonder if people like you will ever understand what Bitcoin is all about...
I believe Fiat has a much higher risk than Bitcoin itself. Things like inflation, banks collapsing, or even getting your funds frozen/confiscated at will could make you lose everything in an instant. Bitcoin can't be debased or frozen by the government. You may say it could lose value over time if it gets "outlawed" by the government. But I don't think that will happen, especially when BTC is decentralized. Who said BTC's value should be measured in Fiat terms, anyways? For what I know, 1 BTC will always be equal to 1 BTC no matter what. Things would've been different if people started using Bitcoin as a currency. The dream was always about "taking down" banks. Not to enrich people. By letting "Wall Street" get into the game, we've destroyed Bitcoin's original purpose. Now the industry is heavily-centralized as most people are only focused on the money. With banks still relevant these days, we can say goodbye to "Satoshi's vision" for good. Who knows what Bitcoin's future will be? Just my opinion |
|
|
|
If Binance or USDT crash, will be the Worst Blackswan of Crypto era, and a lot of altcoins will never recover of that
That's certainly true, mate. After all, USDT helps keep market liquidity afloat. BTC may be the reserve currency of crypto, but USDT is the one that manipulates everything. A collapse would lead market prices all the way down to "rock bottom". It will be a huge opportunity for new buyers, but a complete disaster for long-term holders. There's nothing we can do to prevent this. Cashing out to Fiat (particularly the USD) beforehand might be the only way to minimize risks of loss as much as possible. You can never trust a stablecoin with shady practices. Who knows if a USDT collapse would be the "last straw" for investors to stop trusting stablecoins altogether? Just my thoughts |
|
|
|
The technology Hedera is using is innovative. Big companies are using it; they have 10,000 TPS, and they have fixed transaction fees no matter what the congestion of the blockchain is. They are using EVM technology, so it is easy to move a project from Ethereum to Hedera. The project claims that it can solve blockchain trilemma, but their nodes are not public and is controlled by 39 companies, which makes it partially centralized. It has backing from companies like Google, and they won't let it fail that easily, but they need to keep up with the development of other projects, otherwise they will lose value.
Not only Hashgraph uses the EVM, but it also has a much more efficient consensus mechanism (a sort of DAG). This reduces transaction wait times and fees by a large margin. Being centralized itself, makes Hashgraph superior than ETH in terms of performance and cost-efficiency. However, this comes at a cost of lower uptime and censorship (single point of failure). You'd have to decide which Blockchain network is best depending on your needs. I see Hedera Hashgraph as the ideal "digital ledger" for businesses and companies alike. That's because of the way it was designed. For individuals, Ethereum would be the platform of choice. HBAR is still new to the industry, so we should give it more time to mature. Who knows how much it'll be worth in the future? Just my thoughts |
|
|
|
That's right, PayPal is using its distribution and its brand to promote absolutely toxic ideas in the crypto community. PayPal are known for their inadequate censorship regarding transactions, so in the crypto world they will block everything at the behest of regulators and will never be a customer-centric company. For the crypto community such an adopting is disastrous, just like the spread of a parody of cryptocurrency, in the form of CBDC.
Yes. PayPal is known to be too restrictive at times. Customers complained about getting their accounts closed for no reason. Imagine what PayPal will do with stablecoin transactions. Anything they deem suspicious, will have your stablecoin funds frozen or confiscated at will. If both Tether and USD Coin's blacklist wasn't enough, prepare yourself for the worst. It's unfortunate the crypto industry is heading towards centralization. This is not what Satoshi wanted in the first place. With "Wall Street" in the game, don't expect things to get better in the future. Who knows how Tether will fare in the future against a highly-competitive stablecoin market? Just my opinion |
|
|
|
Yes, wealthy institutions like governments and corporations may want to control Bitcoin's price. Decentralization makes it difficult for one entity to control Bitcoin. Some power exists for the large players, but manipulation "behind the scenes"? Lets not make this a conspiracy without substantial evidence.
Bitcoin "hodling" makes sense given its history. Diversification helps reduce spending risk. Bitcoin's future looks bright, but dont make money decisions on hope. Prepare, plan, and proceed gently.
Yes. There's not enough evidence to prove that manipulation is happening "behind the scenes". We're just assuming big companies and the government are doing it. What we should do is take advantage of the situation to accumulate as much "cheap" Bitcoin as possible. If you accumulate a substantial amount of BTC now, you'll be able to reap huge rewards once the market turns bullish again. The sky is the limit to how high BTC can go. As with any investment, never make your decisions based on hype or someone else's opinion. You must do your own research to help determine what's best for you. Who knows if you get lucky someday? Just my thoughts |
|
|
|
simple statement but its its true, NFT so far hasn't really been a good investment most of it are just getting driven by current hypes and thats it, once it losing its popularity so does the value also lost.
i've seen so many NFT that was valued so high, even millions, now doesn't even have any value, no one is trying to bid for it, so basically its valueless since there is no liquidity despite the fact that the owner giving it high value, if there's no liquidity whats the use then, basically it has lost all of its value now turning into worthless NFT.
the NFT that could hold on for long I assume is those utilised heavily in gaming platform, but even then, the gaming platform itself hardly retaining any community left, let alone their NFT. its overall just really bad investment.
The tech is promising. But without real use cases, why would you want to invest into an NFT in the first place? For what I know, NFTs are nothing more than purely-speculative investments. They're only driven by hype. If developers started thinking "outside of the box", things would've been different by now. All they care about is making money in the least time possible. At least, not all hope is lost. With big companies joining the game (eg: Coca Cola, Pringles, etc), it should only be a matter of time before NFTs become useful. Who knows if the trend will survive alongside RWAs (Real World Assets) for the forseeable future? Just my opinion |
|
|
|
You're not seeing it the way the US sees it. You're trying to be logical, they don't care about that. They're are very hypocritical. It's how these countries are. You think the US and other state government have an issue with crypto? No they do not. They have a problem with the fact that they can't control it.
If cryptocurrency was something the government own or at least control directly, it would have been legal tender today.
Trust me, if the US know and have prove that Iran uses cryptocurrency for international payments and they've not done anything about it, that's because there's is nothing they can do. But it's only a matter of time.
If countries begin using crypto to evade sanctions then the crypto community should get ready for more heat from the US government.
That's certainly true, mate. It's all about control. The fact that most cryptocurrencies are decentralized, makes most governments furious. On one hand, they want to attract investors into the "revolution", while on the other hand, they want to stop people from using it. The US has been acting aggresively against crypto/Blockchain tech lately, especially after the collapse of FTX. Not to mention, both Russia and Iran have been using crypto to circumvent sanctions. The industry is just starting to blossom, so we should give it some time to mature. The more investors put money into crypto, the faster governments will legalize it. Considering that the vast majority of the world's countries are in favor of crypto, it's likely the industry will be heavily-regulated in the future. I'm fine with that, as long as crypto remains decentralized and censorship-resistant. Who knows if crypto lives alongside Fiat currencies for generations? Just my thoughts |
|
|
|
Sent Confirmed. Thank you!  |
|
|
|
97 - Abiky Thanks for the raffle, OP! Good luck guys! |
|
|
|
It is 100% possible that Paypal put their huge userbase to work by pushing the adoption of their stablecoin project and it would definitely fly. Why use USDT/USDC/DAI when you can just use PayPal's stablecoin with the guarantees that the stablecoin would maintain its peg most of the time (because PayPal said so ). It's a win/win for PayPal and it's users. Users => access to crypto through a secure pathway provided by PayPal. PayPal => A piece of the crypto cake. PayPal has the resources and strong presence in the Fintech sector to drive its stablecoin towards non-stop success. PYUSD could replace both USDT and USDC as the leading stablecoin on the market. Only time will tell us if this will happen or not. I'm not worried about stablecoins since they don't pose a direct threat to crypto's existence. They are centralized after all. Using a stablecoin would be no different than using traditional Fiat currencies. The only reason you'd use a stablecoin is if you want to save on fees when day trading or if you want to protect yourself from volatility without cashing out to Fiat. I think stablecoins will attract more newcomers into crypto than anything else. Who knows what the future holds for PYUSD? Just my thoughts |
|
|
|
The dream is to put money into education, passion, and self. I agree. Bitcoin is not some sort of magic. Your life wont change over night (or even years). As you can see, Bitcoin and blockchain are about more than richness. The world is change. A period marked by open commerce and a return of people to financial independence.
So, while I agree with your thesis about non-speculative wealth creation, I also want to caution people who dislike bitcoin Bitcoin. Understanding a disruptive technology that may end up becoming a key role in our future financial environment is more important than merely HODLing.
Bitcoin is a life-changing cryptocurrency. But that doesn't mean you will get rich quick with it. As with other kinds of money (Fiat, precious metals, etc), you'll need to make a sacrifice to help fulfill your dreams. It's a process that could take years to accomplish. Most people only get into Bitcoin because they want to make money. Not because they believe in it. It's a pity because this moves Bitcoin away from its intended purpose. The centralization of the market tells us exactly this. No one can predict the future, so we can only hope for the best. Just my opinion |
|
|
|
Each stablecoin comes with its risks. After all, they're not backed by the government. You'd need to trust the issuer of the stablecoin (in this case the private company in control of the stablecoin) to maintain the 1:1 peg with the USD "forever". If the issuing company faces bankruptcy or the bank with the USD reserves collapses, you can say bye-bye to your investment for good. USDT has been lucky to maintain its USD peg for long. On the other hand, USD Coin lost its peg for a short period of time. To be on the safe side, just cash out directly to Fiat (usually to USD) whenever possible. Who knows how low will the crypto market go after USDT's collapse? Just my thoughts |
|
|
|
The reason why I'm following LTC is however that it's one of the biggest non-premined coins. While Charlie Lee mined a lot, it's now quite decentralized.
Indeed. Litecoin is one of the most decentralized cryptocurrencies you can find on the market. The problem is that investors are not that interested in decentralization these days. As long as a coin makes them money, nothing else matters. If there's one thing that's holding Litecoin back, that is innovation. There are other cryptocurrencies with better features than LTC itself. Such coins usually have smart contracts functionality and a different consensus mechanism aimed to improve scalability. These days it's all about the metaverse, AI, NFTs, and "meme" coins like Dogecoin and Shiba Inu. Unless Litecoin brings something "new and exciting" to the masses, don't expect market prices to go anywhere soon. Our only hope is for BTC to get bullish again for major altcoins (including LTC) to go all the way to the moon. Maybe someday LTC will be worth $1k? Just my opinion |
|
|
|
Being decentralised is what makes bitcoin so much better than the vast majority of everything else. The main problem with FTX & platforms like Gox before it though is user reliance on the trustworthiness of third party custodians. Never, ever rely on anybody else, any third party platform to store your crypto for you. Self custody is the only way, look after your own money, it’s not that hard.
That's precisely what's holding crypto back. By bringing back the middleman, crypto won't be able to achieve its full potential. It's like going back to the era of banking. Wasn't Bitcoin created as a response to banks' failures? Trusting a centralized exchange would be no different than trusting banks with your money. If people only used decentralized alternatives, crypto would've defeated banks by now. Don't expect CEXs to disappear, even though the collapse of FTX had a negative impact over crypto market prices. CEXs will only become bigger and stronger than ever. Especially now that regulators are weighting on the industry. Who knows if someday FTX makes a comeback? Just my thoughts |
|
|
|
besides, not many crypto users have the knowledge to use monero. so they stick to known ones like bitcoin. also some exchanges are not offering the monero trading pair because of regulations.
but for those who are after for their privacy, i believe, they will find monero. and also, monero team is not so keen in marketing their coin. hence, even new users are not into this privacy coin.
Indeed. Unlike Bitcoin and similar cryptocurrencies, Monero has a steep learning curve. It uses three keys instead of two (spending key, view key, public key). Additionally, Monero wallets ask users how many "mixins" they want before making a transaction (the higher the number, the more anonymous your transaction will be). I guess that's why Monero is not as widely-adopted as other coins (aside from the fact that it's a privacy coin often attacked by governments themselves). It's likely XMR will end up being traded solely at decentralized exchanges and P2P trading platforms due to fierce government regulations. As long as it's able to stay private and decentralized forever, there should be nothing to worry about. Just my opinion |
|
|
|
The base network is a layer 2 project. So normally layer 2 projects are targeting the mainnet users. The base network main net launched on 9th of the August. Normally layer 2 project launches a coin around 1-2 years after the mainnet launch. The other main problem is that Coinbase is in the USA so the USA companies are afraid to launch tokens due to SEC's regulations.
Possible Scenarios :
1. If they launch a token, that will be in 2024
2. If they don't, due to SEC.
I think the SEC's aggressiveness towards crypto/Blockchain tech is what refrained Coinbase from launching a token of its own. Once SEC chairman Gary Gensler is removed from office, Coinbase will have the "green light" to do this without restrictions. That is assuming the new chairman is crypto-friendly. If there's too much trouble, Coinbase could move its operations elsewhere (probably a country like Hong Kong or the UAE). For now, the Base network is doing fine as a L2 scaling solution for Ethereum. People can finally enjoy lower fees and faster speeds without having to move to an alternative blockchain network that's centralized (eg: Binance Smart Chain or Solana). I'm pretty sure airdrop hunters are waiting for Coinbase to launch its own token just to cash in the rewards. However, the company could decide to exclude these entities to help prevent abuse of the system. Who knows what will happen within 1-2 years from now? Just my thoughts |
|
|
|
Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.
Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.
Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate. I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion |
|
|
|
|
Show Posts
