41–50 of 67 posts
Bitcoin has been declared dead many times: https://bitcoindeaths.com/ It just keeps on existing.
As long as crime exists BTC will follow
Bitcoin has features which make it uniquely appropriate for this: namely that no other currency is so resistant to debasement.
I anticipate it will recover and set new records.
It will be back up next week
Why? It’s a pure fiat currency with limited real-world adoption, what reason will people have to favor it over the alternatives next week which they don’t have today?
As long as the government continues to devalue the dollar, crypto is in a great position. Speculating out several orders: Once the new head of the fed takes over and pushes interest rate cuts per his bosses request, borrowing will get cheaper, money will flow and inflation will go up. The dollar will devalue. Congress will never stop going into a deficit with their spending bills as no one votes for austerity, requir…
More likely americans will start trading in € or £ cash, on a parallel market. The same way argentinians are doing it now with $.
Earlier quoted context omitted.
In spite of its issues, it seems like Monero is the only mainstream cryptocurrency that actually still lives up to the ethos of what Satoshi had in mind.
I 100% agree and don't understand why Monero isn't talked about more. I own none of it but it accomplishes everything the crypto bro's talk about.
Russia-Ukraine war is being wound down and Russian sanctions will be lifted probably in the next 1-2 months. Crypto is the financial tissue that connects sanctioned entities to non-sanctioned Western banks. What you are seeing is Russians and other sanctioned entities dumping their coins since they won't be needed soon.
Earlier quoted context omitted.
In spite of its issues, it seems like Monero is the only mainstream cryptocurrency that actually still lives up to the ethos of what Satoshi had in mind.
I 100% agree and don't understand why Monero isn't talked about more. I own none of it but it accomplishes everything the crypto bro's talk about.
And for that you don't even need a functional cryptocurrency.
The Bitcoin ecosystem, folks looking at it as an investment / get rich pathway, all the scam / poorly run companies, straight up crime ... really seems to fly in the face of the whitepaper and presumed ethos.
The presumed ethos flew out the door the second that fundamentals were traded for chasing the very asset bitcoin was trying to replace (an inevitability vis-a-vis human behavior). That said, I don't think it's "dead," but rather showing itself for what it is: a well-intentioned attempt at solving corruption of money, predictably co-opted by (and made the bitch of) the very forces it sought to replace. Now, it seems t…