$SafePox marketing campaign now rolling! Also first big correction, but holders are standing ground! Best occasion to get in IMO. 4 days old and only 10k marketcap, early af. Ride the pox hype! Called by Vader's Call! Contract renounced, team token vested till 2023!
IMO the bottom is in FOR NOW, you can disagree but I see a relief rally coming for the next month or so. Too many bears, such a bearish outlook from everyone its rare to find a bull right now, look at every time reserves have spiked before a buying opportunity in history to see why I think this
IMO the bottom is in FOR NOW, you can disagree but I see a relief rally coming for the next month or so. Too many bears, such a bearish outlook from everyone its rare to find a bull right now, look at every time reserves have spiked before a buying opportunity in history to see why I think this
They could be a true 3rd party retailer for aftermarket used digital game sales using NFTs to ensure publishers, etc. receive a cut of the aftermarket sales ecosystem. That is their killer ap IMO, its in their wheel house, fits their operating model, gives them a moat and 1st mover status, all paired with an established gaming brand. It makes more sense to let a 3rd party go and try this for Sony / Microsoft because it removes their liability for failure in a very VERY competitive marketplace (console gaming). Hell they dont even need the console manufacturers, if they built our a decent enough indie game market they could take a chunk out of Steam, etc. I have like 200+ games i own and never played on steam. Be lovely to just sell them off for like 5 bucks each. As other said this is Gamestops move to not be blockbuster / sears and miss their pivot point to stay relevant. In terms of loopring, this could be at the forefront of many peoples crypto experience and serves as a fantastic proof of scale and delivery for the loopring product and ecosystem. That gives loopring a huge unique point in this sea full of shit coins. A real world partnership with an established "old world brand" that normies know. Or maybe its another shitty website/platform for "owning" jpeg's stored on a server somewhere. But most people seem to be thinking like traditional old money investors when it comes to Gamestop and their LRC driven marketplace. I think Gamestop is doing a netflix, which is surviving off those dvd mailers until they can get streaming up and running. Also, they have teased selling all sorts of media including TV shows, etc through their marketplace so if it hits it should have a MASSIVE spread of use. And it will all be powered by LRC. what other coin will have that backing or validity of utility at that point? Oh and Gamestop is a publicly traded company so they dont get to do the usual crypto fuckaround moves due to actual regulation
i could see that. It also could be a true 3rd party retailer for aftermarket used digital game sales using NFTs to ensure publishers, etc. receive a cut of the aftermarket sales ecosystem. That is their killer ap IMO, its in their wheel house, fits their operating model, gives them a moat and 1st mover status, all paired with an established gaming brand to help alleviate the shitcoin stink most coins have on them ATM (dont worry, Luna will bounce back everyone! just buy more on Optimism). And it makes more sense to let a 3rd party go and try this for Sony / Microsoft because it removes their liability for failure in a very VERY competitive marketplace (console gaming). Hell they dont even need the console manufacturers, if they built our a decent enough indie game market they could take a chunk out of Steam, etc. I have like 200+ games i own and never played on steam. Be lovely to just sell them off for like 5 bucks each. Or maybe its another shitty website for "owning" jpeg's stored on a server somewhere. But most people seem to be thinking like traditional old money investors when it comes to Gamestop and their marketplace. It HAS to be like Opensea because thats all you know. Books, through the internet? that will never work! Digital currency? deregulated? that will never work! Why would i buy a car? I already own a horse! etc. etc. etc. I love how in the Crypto space any jackass with any idea can start a coin based on complete bullshit and their ability to sell shit (e.g., the lets go brandon coin), but when a world wide recognized brand enters the space THATS where the skepticism really takes off.
> [ETH 2.0 will] be by far the most decentralized...network Not if you care about decentralized governance of the network it won't be. The ETH team are opponents of on-chain governance*, and are clearly fond of keeping the decision-making power centralized to a small-ish set of ETH insiders... Now, note that I say "decision-making power"... Because I know the old refrain of "miners (soon validators) can choose not to accept an update and fork off" etc etc... And yes, that's one way to govern... But IMO "we decide what updates get made and on what schedule and who gets to implement them, etc... and only after the decisions are made and the work is done do you, miners/validators/slaves, have the option to accept our will or GTFO" is _not_ what I would call a healthy system of decentralized or democratic governance... This is why I think there will always be room for other L1's who do at least attempt some form of truly decentralized governance... And no, I don't currently think any L1 has nailed it, but I've placed my bet (Cardano) and we'll see after their coming governance era* of research & development if I'm right... In the meantime, I await your downvotes. \* Considering Vitalik (at least) is openly against it, and considering that governance of any kind is nowhere to be found on the ETH 2.0 roadmap (at least, not last I checked, which was sometime in the past 6-8 months or so... someone feel free to correct me if I'm wrong about this, and either I missed it or it's been added at some point...) \* Governance is next-up after their performance/optimization era, which is the current one now that native tokens and smart contracts have been implemented and shipped...
Exactly, so at least we can agree that 25 words don’t fix wrench attack. Yes it’s added security the 25th word. IMO it’s more likely someone to forget that word than to need it because of malicious intent . I believe having seeds stored in a secure location and having a clean system only used for crypto is far more valuable than the 25th word
I'm a big fan of STOs ( Security Token offerings ).. There have been many great achievements by the likes of Vertalo & Equisafe of the last couple of years and the fruits of their labour are beginning to show. STOs streamline purchases and open the door to investors from the average Joe next door to major venture firms. IMO this market will explode in the next few years and rightfully so. Leaving a link to an article about Equisafe recently on a project they launched with very sweet returns for investors.. NFA / MY OPINION ONLY https://xtz.news/digital-securities-news/a-total-asset-value-of-1-billion-euros-is-managed-through-tezos-based-sto-platform-equisafe/
If cars had a built in feature where when you lose your car keys you lose your whole car and investment in it, then, yes, they would have never had mass adoption. Look I love the self custody aspect of Bitcoin, it is how I store most of mine. I love that many other people like you are capable of it too. But, I also want it to be for everyone and IMO the attitude that you are giving is what turns off the average person because if someone isn't capable of that, especially if they know it, they feel excluded.
>You are right though institutions drive price now, I just haven’t heard any privacy coin people claiming institutions are going into them There is very little institutional money going into it you are right. This is mainly due to lack of "safe" liquidity avenues: there is no stock exposure (besides the tiny tiny XMR exposure held by CNSX: HODL), there is no coinbase, gemini, robinhood, fidelity, grayscale et al. to even provide the opportunity for institutions to pile in. The most "legit US exchange" would be Kraken, but even they aren't FDIC insured (although their track-record is stellar it is still "risky" by institutional standards) However, that is personally why I am most bullish. Draconian regulation trends will not reverse anytime soon. These trends place organic user-demand for Monero and privacy coins. If enough organic usage occurs, institutions will be forced to buy or risk being left behind. Specifically, Monero reminds me of Bitcoin sentiment when I first bought in 2014-2015: everyone acknowledges its' uncontested use-case, but they are skeptical of legality or regulation. This is a curse and a blessing because you won't get rich quick with Monero IMO. But you are objectively frontrunning many institutions and hedgefunds, which counts for a lot, too. Of course, I am biased. But look at transaction trends. People **use** Monero. We set a new TX/day ATH in a bear market, and have been exponentially growing for *years*. I think something has to give. How long can we be valued at <1% of bitcoin's value while doing ~10% of their tx-count per month? I've always been a user first and an investor second with crypto. This approach has really, really paid off. We'll see if it continues to do so.
> However. If you buy Bitcoin and put it away. I can assume that you think it’s going up in value over longer period of the time. MSTR will rise or fail with that value over longer period of the time. So the downside risk is equal IMO. MSTR has higher odds of bankrupcy: If bitcoin goes to zero, so would MSTR, but they're borrowing money to fund their purchases, borrowing against the value of their holdings. And they have costs of offices, staff, power, computers, insurance, etc.
I m not saying that buying MSTR is better than buying Bitcoin and putting it away yourself . But the question was “why would you buy MSTR”. Those are two valid reasons. You can’t say 100 % that they remain solvent indeed. However. If you buy Bitcoin and put it away. I can assume that you think it’s going up in value over longer period of the time. MSTR will rise or fail with that value over longer period of the time. So the downside risk is equal IMO. While upside potential is leveraged play on Bitcoin.
I agree with you. 👆 There is always another coin to mine. The demand will go down, sure. It won’t disappear, people will still mine other alts. Tons of newbs post daily about what you, PSU, etc. to buy, so they can start to learn about crypto. Just because eth mining will not be a feasible thing for GPU’s, doesn’t mean it’ll disappear. It’s all FUD, IMO, to keep the institutions in the lead, front running things, and keep us normal peeps ten steps behind.
> IMO you are straigh up delusional if you think CDC could unstake all CRO so all the megawhales cash out hundreds of millions bringing this to instanly under 0 so you agree the changes were so bad it would've crashed their coin overnight, but they forced us to stay locked in anyway.. that's why everyone is pissed.
Reserve (RSR, RSV, RSX) is completely different than Luna. Reserve has created a platform for creating stable coins. Anyone can create the ideal stable coin, and back it with whatever they want. The market can decide which stable coins to adopt. RSR is the token to stake against these stable coins to provide insurance incase the stable coin depegs, but the RSR stakers get to earn a portion of the yield these stable coins earn. Right now Reserve has a stable coin called RSV that is backed by USDC, TUSD, PAX and is currently being used in Venezuela. They have over 600,000 users and over 500k downloads on the playstore. IMO they are doing it right, which is building a system to help create the best stable coins (in an open market) while letting users capture part of those stable coins's yield by providing insurance using RSR.
You didn't really address his comment IMO. Do you not agree that every halving should have less of an effect on price than the last? Obviously assuming constant demand, a halving would increase price, but the person you were replying to was asking why it would have a "big" effect. It might not.
> Is the crypto market truly recovering or is it just another false alarm, also known as a bull trap? Anyone who thinks this is a recovery amid the worldwide economic situation is hitting the hopium a bit too hard. Winter is here, just hunker down and ride it out. IMO we’ve got plenty of time left to stack sats before the bulls wake up in earnest.
> It's best to harvest losses only when you have gains to offset. This is not necessarily good financial advice. There are loads of circumstances where it makes more sense to harvest a tax loss & buy back than to leave it alone. IMO, only when your marginal federal income tax rate is below 22% (i.e. you make <$40k/year) does it make sense to postpone taking a loss. Otherwise the $3k/year deduction from income and ability to carry forward losses to future federal returns is often worth the hassle. Also could vary based on what state you live in since some states don't allow deductions of capital losses against income, and others don't even let you carry losses forward to future years.
I feel it's more about the absence of a physical currency to hold, being 100% digitalized has made it harder to gain more adoptions to what it has now. Regardless of that, there are still very exciting projects coming up, so we might get to that point eventually. I'm quite curious to what the new projects that would be launching on KOLnet's launchpad would be like. It really needs to have the x-factor to enjoy the IMO service.
IMO overbought to begin with. It's an exchange and investors need to expect highs and lows in anything based on Crypto, it's volatile. The problem is, stocks as investments, typically require continual growth which a crypto based company just can't provide.
Someone needs to read The Bitcoin Standard, and follow that up w/ The Fiat Standard. Understanding Bitcoin goes a long ways. Bitcoin is volatile, is it an inflation hedge for the short term? NO. Is it an inflation hedge for the long term? History so far says yes. Over leveraging is what ultimately leads to a bubble popping, and it usually only takes one scare to get the ball rolling. That's true in any market. If you're concerned about the volatility of Bitcoin, reduce your holdings. Putting everything into Bitcoin, or any asset is risky. Tesla IMO is a riskier asset than Bitcoin. Netflix has proved to be a riskier asset than Bitcoin, imagine if you had everything in Netflix at the beginning of the year, or Facebook. Don't invest into things that you don't fully understand.
1. IMO it is only a matter of time that exchanges become virtually irrelevant 2. OK - after more than 700.000 blocks, most likely this bug does not exist 3. OK - but then Bitcoin is the least of my concerns (nuclear reactors, whole financial sector, Governments, etc, would be at higher risk) 4. Bitcoin is precisely about not changing monetary policy because of market conditions (aka. arbitrarily)
Dude I understand your frustation, I felt the same in the beggining, but IMO you are straigh up delusional if you think CDC could unstake all CRO so all the megawhales cash out hundreds of millions bringing this to instanly under 0, and of course I dont want to even think if they could handle the liquidity needed. But you are right that the way they have to silently slashing rates are not cool.
I didn't say they did, I said they act that way. If the asset itself is too risky to own, why allow for a derivative of it? It serves no purpose other than allowing gambling on the price and/or manipulation of the price. IMO Our whole monetary system is essentially fake paper shit so big banks and large players can gamble on it and manipulate prices. Society needed those paper derivatives so that people who actually do something productive, like farm, could manage their risks. Now, it has turned into managing their prices for them to turn them into livestock.
IMO the rainbow chart is going to get a readjustment coming up. The pattern broke with us never reaching the red and we are past the point of the usual top for this cycle. The curve needs flattened a bit, and the rise to 100k is going to be a longer race. But, I do think we are definitely in "fire sale" range.
He has not clarified so no idea what his motives are. IMO anytime is a good time to buy if you want to be part of the revolution. If however your primary goal is to buy in then cash out back to fiat...well that is the motive of many I see on here and I cannot in conscience wish them luck.
Absolutely. IMO, one of the most glaring issues (which in actuality is ironically hidden from regulators/sec) are the off-balance-sheet swaps that occur between participating funds. If anyone is interested, Google LONG TERM CAPITAL MANAGEMENT. Before their demise, which nearly collapsed the entire world market, they were playing with a Trillion dollar hand. That was ONE hedge fund. Nearly 300 to 1 leverage on 1 Trillion swap agreements. These funds are literally playing musical chairs and their activities are hidden. When one major fund topples it’s so connected to other institutions that it inevitably brings others down with it.
I agree the cases you cite seem extreme and may justify abortion under careful scrutiny and without creating loopholes. But I disagree a woman should have the choice to engage in sex and then kill a normal healthy child. I agree it is her body, but when she accepts the dna of a partner and combines it with her own and thereby creates a new life she does NOT have the right to kill that healthy and defenseless unborn child, IMO.
No I don't support that. But it is a problem where do you draw the line? Life threatening has been used as a loophole in many jurisdictions with the pregnant woman claiming she is suicidal and therefore 'justifying' abortion. There probably is no perfect solution but the mass genocide that has been occurring for decades now is certainly not acceptable, IMO.
The risk savvy in crypto is generally low, risk is a field where battle scars matter, and it's a low priority for most teams in high growth mode - as much as they generally claim the opposite. It's somewhat similar in fintech too, with the focus more on growth (one could argue strategic risks are generally bigger than operational risks so there's somewhat a rationale for it), but it's more tempered there by regulations. Tradfi, for all it's ills, has many, many layers of risk controls that have been built over the decades as lessons are learnt. IMO, it's good that we're starting from a blank page, and not just adding many of those same risk controls by default b/c a good chunk probably aren't effective, but the consequence is this kind of thing. But we definitely can do a lot better, and will need to if we're going mainstream. It's better we do it ourselves than wait for regulators to force us.
Well, I don't think stablecoins are poor investments. You just have to watch out for the ones to go for. Algorithmic stablecoins like UST & USDD aren't the best choice IMO, I'd rather go for collateralized and 100% backed ones like EEUR, ENOK, EDKK, ECHF, ESEK, etc. ​ These stablecoins are 100% backed by government bonds and fiat currencies, also they're also regulatory compliant with quarterly audit by Ernst and Young. There are also talks about GBPX which is FCA approved and backed by the British Pound, looking forward to this.
So many good and bad advices posted. It must be hard for you to grasp your head around it. IMO. You should invest it all in BTC(you can't go wrong with btc) until you research and truly understand other cryptos and then DCA in Bitcoin or altcoins as you wish. Hold for at least 3-10 years. Don't keep your bitcoin on Exchange but if I had to chose one it would be Binance. Learn to own your keys (extremely important) not your keys not your crypto.
I think it’s not a horrible business move. Immediate user base, a semi functioning stock trading platform, and would “remove” the stink Robinhood created for itself. Would probably be the first stock/crypto exchange with acceptable fees IMO
In 2016 China was welcomed by the IMF to join the reserve currency board and Yuan was included in the basket of currencies composing the IMFs synthetic SDR. This was because post GFC only China had the productive and growing economy strength to help pull the anemic and corrupt highly leveraged and financialised western economies out of the mire. China stopped accumulating USD Treasury bonds several years ago. Does the US have any reserves or is Fort Knox empty? Russias invasion of Ukraine is backed by China and if successful will probably lead to Chinas acquisition of Taiwan. Unlikely we have 15 or even 5 years before this happens. [https://www.newyorker.com/news/daily-comment/russia-and-china-unveil-a-pact-against-america-and-the-west](https://www.newyorker.com/news/daily-comment/russia-and-china-unveil-a-pact-against-america-and-the-west) ​ Once the change from USD global control becomes apparent, and this is already happening, the wealth and power of the USA can decline very swiftly as its viability is now highly dependent upon the vast seigniorage income derives from its global monetary hegemony. There is a tipping point, IMO not far off, where that seigniorage income rapidly declines as USD credibility disappears. What is obviously required are alternatives to the USD- it has been the lack of any alternative that has extended USD dominance thus far. There are currently only two alternatives that are not already under US monetary and military patronage. The Chinese Yuan and Bitcoin. The Yuan with its already operational (if not fully implemented) digital form is clearly well in advance of Bitcoin, but equally there will be huge demand for Bitcoin as an alternative to the Yuan. USD vs DCEP vs BTC.
I understand it what laundering is. If you're so insistent in making it look like you're not gaining one large chunk at a time. You can use Monero to hide the path the money goes. You could open up an online store and pay yourself through the online store that accepts Monero. Monero will prevent chain analysis from tracking back to the original wallet from the hack so what could the IRS do if you received one large anonymous donation of 8110300 Monero to a wallet you own on a CEX? They can tax it when you withdraw it from the exchange into your own wallet or sell it to the exchange for USD but that is it. Taxed on capital gains just like you'd be taxed if you ran a business to launder it instead. So yeah, that's what I would do if I didn't want to explain to a CEX or government about a large sum. I would then open an online store and pay myself in Monero through hundreds of "purchases" over time to make it look legit. But really, the IRS isn't gonna ask you or be able to do anything about you receiving 8110300 Monero onto a CEX then selling it for USD. They're gonna tax you on those gains just like they would if you were to bring it through a "laundry matt" over time. They can try to follow the Monero back but they wont be able to, and you don't have to claim you did anything to get it. Maybe some internet soul just thought you deserved a large donation of 8110300 Monero but it'd be up to the IRS to prove that. They're gonna tax you on it if you convert it to USD unless you find an individual entity to trade you your crypto without using a centralized bank/exchange that makes you provide your identity. Either method IMO could be viable, swapping stolen crypto to Monero then either opening an online business to launder the Monero into my name legally or just sending it all to an exchange with my identity linked to it to get it legally in my name that way. Monero hides the pathway the money takes and that's why you may not need to launder the crypto, you just use a fungible (crtypo)currency.
Crypto cannot really be used to store your critical savings that you might need in an emergency. At least, not yet. It is too volatile because it has mainly been adopted by people who move vast sums of money around. In the future it will probably experience price swings a lot more slowly but we aren't there yet. So the only reason people should actually 'hold' crypto is as an investment, not as a savings plan for your nest egg. Those are two different things. So when you are holding crypto and you don't actually need it because your savings are elsewhere, then it is a lot easier to make the decision to use it as a currency. But if you can't replace it afterward because you don't have any good mechanisms for buying crypto then that is the hard part to overcome. Trying to earn crypto instead of dollars is one way I suppose. Good luck! I agree that chasing adoption in the developing world is a big fat red herring because IMO it will happen last, not first. I was too poor to invest in anything for a large span of my younger years due to intentionally having adopted a 'starving artist' lifestyle, so I know what it's like: getting involved in crypto was the furthest thing from my mind and it is the main reason I got involved in crypto later than I normally would have given my interests.r
These antigovernment PR is insignificant IMO, it important for part of the retail adoption. I think the most significant impact will be in the relations between governments. Obviously governments do not trust each other much and if in the future the world will be divided decentralised currency will be an opportunity to transact with each other in a trust less way.
I see what you mean, but IMO those are groups that are arguably rather obscure and are only having their funds frozen because they broke Canadian or international law. At the point a protest becomes a blocking of commerce and accessibility to a region, I think that’s an illegal protest. They might think they are “taking a stand” or something but really that’s an idiotic, selfish approach vs waiting it out and attempting a democratic solution via legislation change. With Russia, what they are doing is equivalent to genocide and is an illegal war of aggression. They are too cowardly to even call it such. Some “special operation” they’ve got going there. The people running that country think they are such a special group of oligarchs and honestly they are all racist POSs. The Russian people, although kept mostly in the dark have the responsibility to change their system if they don’t want the world to do it for them and until they do the entire country deserves restriction and sanctions from the rest of the civilized world.
Hedge funds bet against Tether because it's cheap to short Tether. There's ways to do it that cost well under 5% per year. There are even ways to get paid to short Tether, if you get a bit creative. So yeah, it's a very low risk bet by these hedge funds. The question is whether the platforms they are using to short Tether could survive a Tether collapse. IMO, if Tether collapses then you want to get your money out of the system ASAP.
That's a general debate regarding governance though; doesn't anything specific to do with DOAs. The best thing (IMO) the world has come up with is a sort of hybrid system like in the US where you have both individual votes and state/county votes which are weighed against each other. Ask yourself this question: if you were voting on a proposal, would you want your vote to count as 1 vote like everyone else, or would you want your vote to have some weight (for example if you have 100 tokens invested, are you more important than someone who has 1 token invested)? You can't have it both ways.
TBH, they are smart. No one was happy about the rewards being cut, but they saw what was going to happen with the economy. It's just being smart IMO. Look at Coinbase. They are holding on by a thread. CDC was just rewarded a payment institution license from Singapore. You can complain but again, look at Celsius and now Nexo. They're both in trouble. Stability is key over huge unsustainable rewards.
Honestly, when I get paid this week I'm going 50% BNB and 50% in another ALT. Low 200s is a third of BNBs ATH and its bound to at minimum find those numbers again next bull run. MATIC is all well and good and it may outperform BNB, but BNB is a much more certain bet IMO. Lower risk lower reward.
> Ethereum expanded that proof of concept into “smart contracts”, Sorry, this isn't a great innovation IMO. It's just blockchain's version of stored procedures which is fine but nothing revolutionary. SPs have their uses in a database too, but I wouldn't call them an achievement worth commenting about. > unmodifiable code That is not a feature, it's a bug. I've never seen a program that didn't need fixes or modification over time. [Smart contracts are not an exception to this](https://www.theverge.com/2022/1/24/22899125/opensea-bug-bored-ape-nfts-smart-contract-listings-cancellation). You do need to update the code, [which introduces a new vector for attacks](https://www.cybavo.com/blog/open-sea-phishing-hack-how-to-protect-your-nfts/#how-were-openseas-nfts-stolen). > lockable digital-native money. And this is where the problem of incentives come in: I've not met a programmer yet who didn't have bugs in her code, and I've met very few users who could understand code if it was presented to them. Smart contracts place the programmer at a very privileged position, where she can write code that executes transactions on an immutable ledger to take somebody else's assets away from them.
Parody coin should be a pretty easy one to know is a scam, just by the name. Then again, I would have said the same about Doge, and while IMO it is a scam (along with its knockoff followers like SHIB), it is a long running one that has yet to collapse.
Yep, am saying no matter how much FOMO you whip up if the CCP and their digital Yuan become the new masters of the global monetary system Bitcoin risks being marginalised. Not saying Im not pro Bitcoin, ( I want Bitcoin to succeed and hold most of my savings in it) but am saying that DCA is only one of many factors determining Bitcoins future. IMO if you support the revolution and have savings go all in NOW, unless due to income trickling in DCAing is better suited for you.
They did this at the same time they removed the “one free withdrawal per month” perk. Fair enough, IMO. In the current market, free withdrawals on a CeFi platform are not a great business idea. And it at least softens the blow if they give customers something in return for taking a feature away.
Kinda difficult to have a conversation with someone generalizes a whole group of people like that. A quick Google search shows 1/4 of Republicans support universal healthcare, and 38% believe abortion should be legal. Anyway, conservatives tend to use religion as a reason for their logic, which I just cannot hang with, so I tend to lean a bit left, but I’ve know plenty of moderate republicans who are good people. Demonizing an entire side isn’t the way to do this IMO.
I invest in crypto, real estate, stocks, 401k, and Roth IRA. Pretty firm believer in being diversified in many different markets. It’s all about risk mitigation. Don’t want all your eggs in one basket. Crypto is one of the most volatile things you can invest in. NFTs is probably the most volatile IMO. Crypto is not for the faint of heart. There have been coins in the past that have gone parabolic and made people freaking rich. BTC being one example. Then the complete opposite can happen. A coin with value goes to zero and people get financially REKT’d. Looking at you Terra Luna. I guess my point is crypto has the potential to make you either rich or poor. That outcome depends on a ton of variables, timing and luck.
5 out of 100? Absolutely not. More like 5 out of 10,000. Start with some fundamental yet completely misunderstood concept like miners perform a service and are rewarded for it, and thus hold no power in Bitcoin. Se how many actually truly understand and can explain this. If it's 5/10,000 it's really good, IMO. And consider that all the answers you'll get here are from a very dedicated group of people, and even here they're often wrong.
What did you tattoo on your face? IMO idc what anyone does. Big advocate for minding yo own biz. Not entirely sure what it has to do with crypto tho, but congrats my dude! Also I may have misunderstood something cuz I'm a lil fried
I don't know, it depends on how many outputs can be produced at once per settlement and this will probably go up with time. But I believe it will still need additional ways to compress the data to get BTC to scale globally. Although it is theoretically **possible** to scale with other layers. I don't think it will have the opportunity to do so. The taproot was announced in 2018 and the lighting network was announced in 2016. It almost the better half a decade for these improvements to actually be implemented on the network. Not because it took that long to be developed, but because it is nearly impossible for the network to agree on upgrades. BTC failed as electric cash because the community could not agree on how to do it. It's not because BTC can't scale but because it is too slow at choosing how to scale. IMO this is because there is no on-chain governance. All BIPs (Bitcoin improvement proposal) are discussed and agreed to off-chain. The only way for non-technical BTC holders to have influence on future development is to complain on Twitter and BTC conferences, and this turns into a shit show very quickly. IMO By the time Bitcoin finally picks a way to scale globally there will be many other chains will have already scaled and will be able to provide better on-chain governance. The overwhelming majority of people are not investing in Blockchain at the moment. When new people enter into the Blockchain ecosystem they will likely choose the chain that currently provides the best product and not just speculation on future development. Which is not likely going to be BTC. But then again I am bias... Also UTxO is BTC's only account Ing model and it is the one it is currently using.
It’s a great question. I’ve looked into the technology but don’t find one facet of it that compelling compared to owning an actual company OR an S&P 500 etf. Also, I think that the concept of bitcoin overthrowing the dollar is laughable. I think it is more likely than not that the US government, who will never give up their power (which is mainly from the USD), is just going to sit by and let an internet “coin” take its place. It’s an unpopular view but the fundamental fact is that there is no intrinsic value to bitcoin. There is no store of value. It’s not an inflation hedge. Etc…etc… Really, when you take the time to do the homework (outside of all the great things the coin represents, if you ask a maximalist) you find that it really is the greater fool theory and, in my view, tulip mania in 2022! For bitcoin to get to $100k there is going to have to be serious interest and significant buying. (I find it extremely unlikely given the high interest rates and the tightening of money printing in general). You also factor that the US may be heading for a recession, where jobs will be lost, more or less and generally, by the folks who like to buy this stuff and it leads me to believe that it is going to zero before it ever hits $100k. Bottom line is that the concept of bitcoin is a great one but there have been a lot of great concepts that ultimately went to zero, bitcoin, IMO, is going to share the same fate.
It's probably a self fulfilling prophecy at this point. Nothing certain about a bull run following the next halving but if everyone believes there will be one then their actions will probably create one. It's far from certain though, the miner emissions aren't really that much of an influence anymore IMO.