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Tag: bitcoin

Ethereum will flip Bitcoin. But when?

Every cryptocurrency investor shares the random thought of bitcoin getting ousted. The oldest cryptocurrency and blockchain has spent its whole years of existence on top of the charts. Dominating a fast-growing space and pioneering tremendous developments; the ‘future of money’ controls over 30% of the total crypto market valuation. The top list is ever-changing, a number of projects have occupied positions in the elite league. Only a few have kept this position for a reasonable duration. The competition at the top is stern, but for bitcoin; it is lonely at the top.

Apart from the alpha cryptocurrency, only one project has spent a ‘long’ time in the elite position — Ethereum. Vitalik Buterin developed a technology that has won the heart of many. Since its debut in 2015, Ethereum has become a household name in the space. The most used and emulated project, that’s a simple description for Ethereum’s reputation amongst developers and enthusiasts. The most actively developed too.

Thanks to brilliant technology and widespread adoption, Ethereum has claimed a position just below bitcoin. Unlike other projects that once occupied this position, it has retained it for a relatively long time and had been dubbed bitcoin’s successor. Well, dare to dream. If any current cryptocurrency project stands a chance of taking over bitcoin at the top, it’s Vitalik’s brainchild.

Does Ethereum have what it takes to move to the absolute top? I’d say YES; technically. But then these need to happen before that…

Ethereum’s ascension will need a little bit of bitcoin’s share of attention. Not just bitcoin maximalists, the whole space is much dependent on bitcoin and what happens around it. The old ‘reserve currency’ is currently the sole dictator of the direction of other assets in this space. It will be tough for Ethereum to climb to the top while bitcoin retains this undisputed rulership figure. The bitcoin hype needs to die, at least a little. This won’t be easy, bitcoin moving over to second place will be a bizarre sight too.

Anyways, bitcoin’s hype isn’t the only impedance on Ethereum’s ascension. Ethereum has its own problems too. Fees, speed…you name it. Despite being the most developed blockchain to date, the smart contract chain is still unusable to many. If any cryptocurrency is going to trump bitcoin, it has to be special. Ethereum is special, no doubt; it still needs a whole new level of efficiency to move over to the number one position. A lot of developments are rumored to be coming to the chain, maybe this will be a revolution…who knows.

Unlike bitcoin, Ethereum is built for several purposes. There’s a long list of unique things that can be built on the chain. The quality of projects built on Ethereum has a big impact on its growth. The tons of projects currently running on Ethereum are the principal reason for the price growth over the years. This growth will continue for as long as reputable projects launch on Ethereum and existing ones continue to make great progress. However, if Ethereum will ever grow past bitcoin, mainstream institutions will have to build alternatives or replacements for normal products or services on Ethereum.

Visa recently shared plans to build a payment solution on Ethereum. This and even more are possible on Ethereum. Mainstream firms and brands can launch incredible services on Ethereum. This will boost the price greatly and ease Ethereum’s journey to the ultimate top.

Just like Visa’s payment solutions, Central Bank Digital Currencies (CBDCs) can be launched on the Ethereum blockchain. Most cryptocurrency enthusiast frown at CBDCs, but the reality is; they are here to stay. Not just here to stay, they stand more chances of survival than most normal payment solution crypto projects. Most governments are building their own blockchains to launch CBDCs. While this is for obvious reasons, the Ethereum blockchain can easily host as many CBDCs as possible. Nations should consider taking this route, which is relatively cheaper and easier. Ethereum as a hub for CBDCs will be a huge boost for adoption and value as well.

You surely have your preferences and you hope to see them at the top. If anyone is ever going to come too close to overthrowing bitcoin, Ethereum is first on my list. This space is unpredictable and the most reasonable scenario is bitcoin retaining its position. But anything is possible and Ethereum could go all the way. Or XRP? Well, feel free to dream!

20/12/2022
Pay in crypto: Popular platforms where cryptocurrency payment is accepted.

With the recent wave of adoption, you’ll soon be able to make purchases at your favorite kiosk and pay in crypto. Don’t forget to leave a good tip. You might be impressing the next store. Well, I guess I’m a little bit backward; many small-scale stores already accept cryptocurrency payments. Without government approval, clever merchants are devising ways to include a two trillion-dollar sector in their payment option.

Even if you don’t fancy cryptocurrencies, you face a dilemma, one of which is missing out on the future of money and technology. And if you don’t fancy cryptocurrency, then you simply don’t understand it. Making payments with cryptocurrencies is a fun exercise, except when you are paying transaction and withdrawal fees…arguably.

While you wait for your closest store to add a cryptocurrency payment option, here are some popular platforms where you can spend your cryptocurrency in exchange for desired services.

Travala

Cryptocurrency enthusiasts are naturally adventurous, you surely wish to explore the world. Aviation firms offer a comfortable means to travel around the world, but you’ll have to pay a fee; a fare actually. Mostly in fiat. You have crypto and you wish to travel the world too. Yes, you can! Travala.com offers cryptocurrency payment options for flights with over 500 airlines. Here, you can also book your stay in thousands of hotels worldwide. Travala offers cryptocurrency payment options for recreational activities in some of these locations. Bitcoin, Ethereum, BNB, and a couple of other cryptocurrencies are accepted on Travala.

Hostinger

So, do you have an idea you wish to bring to life? The internet is one of the best media to flaunt your ideas and create an audience. Getting a website is one way forward. Hostinger is one of the most popular web hosting platforms and offers incredible rates for different web hosting plans. On Hostinger you can pay for and renew your web hosting plans using cryptocurrencies. Don’t worry, it is incredibly swift and you’ll hate paying with fiat when you experience it!

Shopify

Shopify is a powerful tool for merchants, it offers merchants an efficient avenue to host their businesses on the internet and perform swift exchanges without worrying about the complicated aspects of e-commerce. Shopify is currently used by millions of merchants to amplify sales and promote their businesses. You can do the same as well, Shopify simplifies e-commerce. And yes, you can pay for these services with your cryptocurrencies. Shopify accepts payment in cryptocurrency for merchants as well as consumers.

Pornhub

The adult video business is a booming one, it has always been. With millions of people streaming adult videos every minute, it is in fact a hot shot. Pornhub is the leading platform in adult video retail. Following a fallout with mainstream payment facilities — Mastercard and Visa, Pornhub has added cryptocurrency payment options for premium content on their platform. You can easily subscribe for the most satisfying content using your cryptocurrencies. Bitcoin, Ethereum, Tether, and BNB are currently accepted.

PayPal

The payment giant is used by over twenty million merchants around the world for swift payments. PayPal offers users a way to send and receive money as individuals or merchants. The swift payment platform is available to people in most parts of the world, a majority making fiat payments. In addition to fiat payment options, PayPal also allows you to make and receive cryptocurrency payments. Bitcoin and Ethereum are currently accepted. Pay your pal…in crypto.

Twitch

Live video streaming is fun, for the streamer and the spectators as well. With Twitch, gamers and other content creators find a medium to share their activities with their audience and also expand their followership. Twitch is one of the most popular live streaming platforms. Payments on Twitch can be made using cryptocurrencies.

Axa Insurance

Bitcoin is your best insurance option, but that’s simply hard for most people to understand. Mainstream insurance firms are pretty much functional anyways. It is however, very possible to combine both. If you’re already insured in crypto and wish to diversify your insurance, mainstream insurance companies offer financial protection against future unfortunate events. As a cryptocurrency holder, Axa insurance offers you an option to pay for your insurance plans in cryptocurrency!

Tesla

Self-driving and electric cars are the future. Through his electric car manufacturing company, Elon Musk gives us a look into the future. Electric cars are evolving and in constant development. Teslas are cool; I mean who doesn’t want one? And when you can easily swap your bitcoin for a Tesla, it’s even more fun. Bitcoin payment option is available for coiners who wish to purchase a Tesla. Tesla Model 3 looks cool, you might want to check the model X too. I wouldn’t swap a whole bitcoin for a Tesla though, but that’s a personal decision.

Off-White

Fashion is a vital part of lifestyle; you certainly have to embrace it. Off-white, the popular designer brand has delivered tongue-wagging clothing designs over the years. Off-white sneakers and clothing are cool, but what’s even cooler is that you can now pay with bitcoin on the checkout page. Happy shopping!

Wikipedia

The internet is home to unlimited resources. Information is littered throughout the web. Wikipedia is almost a web on its own. Thanks to thousands of contributors, Wikipedia has created an online encyclopedia with detailed information about almost everything. Millions of internet users have found this platform resourceful. If you’re one of them, consider donating to the world’s biggest encyclopedia. Cryptocurrency donations are accepted.

Cryptocurrency and blockchain technology has lasted for over a decade, yet the past three years are the most significant in terms of legal involvement. Bans, regulations, acceptance; we have seen a lot of these in the past few years. It gets intense and more positive each new year. This looks like the year cryptocurrency finally penetrates the central government. Before that happens, consider booking your next flight with cryptocurrency. Safe flight!

20/12/2022
Love bitcoin? Buy Bitcoin cash.

A follower once referred to Bitcoin cash as bitcoin’s ‘Dumb’ brother. That sounds funny anyways, but it’s a perfect representation of the friction between bitcoin and bitcoin cash communities. One cut out from the other, these two don’t really share a very ‘lovey’ history. According to many, “Roger Ver was a bitcoin legend until he decided to fork it”. This article itself could get some stern backlashes and it is easy to understand why.

Bitcoin maximalists are hardly (rarely) impressed with anything outside Satoshi’s brainchild, but the spite for bitcoin cash is on another level. Pretty weird stuff considering the fact that bitcoin and bitcoin cash could serve two different purposes…competently.

As a newbie in the crypto space and before you grasped the concept of blockchain technology, you probably already regard bitcoin as the ‘digital gold’. Making cryptocurrencies tradable and integrating them on exchange platforms similar to that of digitized gold sparked off the long-lasting comparison between gold, bitcoin, and cryptocurrencies at large. Bitcoin is at the helm of this comparison.

Bitcoin’s initial purpose was a flexible payment technology; its current orientation designates it as a store of value… principally. The perpetual comparison with gold, firms adding bitcoin to their reserves, values reaching thousands of dollars; bitcoin is simply a better replacement for gold… even the transaction speed suggests.

Bitcoin Blockchain is adapted to perform about seven transactions per second. Working at this speed, transactions could take over ten minutes to be executed and verified on the blockchain. With the Bitcoin lightning network, you can transact faster. Well, the bitcoin lightning network basically applies clever tweaks to parse your transactions, and via ‘verified trust’ transactions are confirmed ‘offline’.

Borne out of an infamous turmoil and living through a series of ‘dramas; bitcoin cash, a more flexible fork of the original bitcoin presents a more sustainable payment solution. Built for merchants; the ‘cash’ suffix says everything you need to know about it. Albeit criticism from bitcoin maxis, bitcoin cash is ultimately faster than the original bitcoin and works better for the purpose bitcoin was initially created.

Say “bitcoin for investors; bitcoin cash for merchants”. Bitcoin should rather spar with gold and lustrous metals, but adopting bitcoin (in its purest form) for day-to-day financial activities is simply not sustainable. Bitcoin is not scalable and flaunts a rather archaic technology. Bitcoin cash is more developed in these areas and more adapted to suit merchants.

If any ‘bitcoin’ must be used in commerce, it should be cash. You’d have to wait for minutes before the barista confirms your payment and serves you coffee. Relative to most other cases, this is actually a manageable scenario. Bitcoin causes this, bitcoin cash fixes it. Well; the lightning network does too, you’d argue.

Love bitcoin? Buy bitcoin cash as well. Or at least, acknowledge its technological advantages. In Contrast to the current situation, bitcoin and bitcoin cash complement each other and should grow along. Instead, we are witnessing a case where one is pushed to serve both purposes.

Don’t get it wrong; any store of value can serve as a medium of exchange, including gold. But bitcoin cash actually fits better into the idea of a ‘cash’. A number of other blockchain solutions boast faster and more flexible transaction speed; however, bitcoin cash is built on the original bitcoin framework.

18/12/2022
Don’t ‘over-diversify’ your portfolio!

You just bought your first cryptocurrency; it feels great, I know. Makes you want to buy even more, sometimes the same token; other times a different one. That’s probably not you, you might have bought your first crypto many years ago. Regardless, the feeling is basically the same. Being in a space of over twenty-five thousand cryptocurrencies, promising ones; it is hard to just stay glued to one cryptocurrency. Maximalists think the opposite, but that’s fine anyways.

Love happens many times, naturally. Whatever makes you like a cryptocurrency project can happen all over again, as many times as possible and in different ways. You’d end up investing in a couple of projects. one term for this — Diversification.

The majority of cryptocurrency investors prefer to split their funds across a number of crypto assets. Personally, I do this too. For several reasons, a diversified portfolio is a common practice in the cryptocurrency space. Why pick one when you can actually get as many as possible? You know who has a different answer…

A number of reasons would make an investor diversify. A gamer and a believer in Artificial intelligence will probably put his money on two projects related to this, maybe some Axie Infinity and SingularityNet tokens. If you fancy crypto as a portable payment medium, you’d probably add some ripple and stellar to your portfolio. This may go on as long as your cravings and sentiments.

Apart from personal interests and minimizing risks, certain ethics held up by a project is enough to attract an investor’s attention to the extent of investing in them. Projects with a certain level of decentralization and encouragement for community involvement tend to attract a good number of investors. In contrast; centralized projects are also attractive to some. Whatever serves your taste the most. Investors love to put their money where their mouth is. But this could happen more than once and diversification may come in as a result. Diversification isn’t all shade of good anyways.

Thousands of cryptocurrency projects, each one with plans of ‘taking over the world’; even baseless meme tokens plan to be the new world currency; even though they don’t even run on their own blockchain. Every cryptocurrency project is painted with buzzwords and sounds all cool. It’s hard not to fall in love too many times. But resist the urge to go with these feelings.

Most times they result in you splitting your funds to satisfy your ragging love for several projects. An over-diversified portfolio might sound like a hedge against the volatile cryptocurrency space. But it’s not. In a space as wild as this, spreading your investment could turn out to be just another way of increasing your risk level; especially when this diversification is (almost) based on hypes and external suggestions.

Capitalizing on a few credible investments has proven to be profitable; in fact, maximalists hardly get it wrong. The strong conviction that keeps one glued to just one project is most times a result of extensive research and belief, this works better than sporadic investments driven by little knowledge. Your investment in over fifty cryptocurrency projects still stands more chance of failure than an investment in ten well-studied projects or even less.

It’s a nice approach to have your eggs spread through a number of baskets. Diversification might simply be a representation of your convictions and personal interests. However, spreading your investments irregularly stands more chances of backfiring than not. Every cryptocurrency project is shiny and ‘full of potential’; most times this turns out differently. Diversification, just like any other strategy works when done well. But here’s a suggestion, “don’t overdo it”

18/12/2022
Post-war Ukraine will be a catalyst for digital assets’ growth.

Ukrainians face an uphill battle to retain their country as the conflict with Putin-led Russia continues. Peace talks between the Waring nations haven’t really yielded tangible results; the Russian military is showing no signs of backing off while Ukrainians are keen to fight off their invaders. The harsh effects of the sanctions on Russia’s economy and citizens haven’t been enough to convince her leader to call off the attempts. Russia’s invasion has grounded the central European country’s economy and has displaced millions of its citizens.

While the rest of the world continues to condemn Russia’s actions and assist Ukraine, the conflict could linger on for a while. Support for Ukraine comes from all parts of the world in different forms. As usual, cryptocurrency communities are getting involved. Drumming their support for the eastern Europe nation, over $100 million in cryptocurrencies have since been donated to Ukraine to assist them in their plight.

Being handed millions of dollars in cryptocurrencies via donations, Ukraine nets more than just one advantage. In addition to the financial reinforcement this could bring, cryptocurrencies offer a more efficient financial system relative to the traditional system. For a government thrown into war, an ‘unblockable’ means to exchange value comes in handy. Cryptocurrencies’ underlying technology makes for the most flexible exchange. Devoid of third parties and powering universally acceptable stores of value, it is actually meant for turbulence.

Seeing the role cryptocurrencies have played in his struggle, the Ukrainian president moved to make bitcoin a legal tender in the region. This a reasonable thing to do when you have a tangible amount of cryptocurrency in your custody. We currently have no clue how exactly Ukraine is using the cryptocurrencies donated to them, but at least we can guess. The move to legalize bitcoin hints at positive results from using cryptocurrencies; especially at a time like this. And if more nations will consider adopting positive policies for bitcoin and other cryptocurrencies is a question of if they are actually watching the role cryptocurrencies are playing currently.

In conflict, Ukraine is demonstrating just how useful cryptocurrencies could be in turbulent times. A point of consideration for other nations. It is already playing an important role in digital assets. And even after the war, Ukraine is poised to be a catalyst for digital assets in Europe and the rest of the world…obviously.

The nation of Ukraine is currently in ruins. Thanks to shellings from Russia’s artillery, important structures in Ukrainian cities are in rumbles. Once the conflict ends, Ukraine will be looking to rebuild its nation again. That stash from donations will once again play a role. And as long the nation stays, open to cryptocurrency donations, the benevolent cryptocurrency community will continue to support their recovery. As a legal tender, donations in bitcoin and other cryptocurrencies will be circulated through the nation’s government. Probably as payment to the different bodies assisting in development plans.

With bitcoin etched in the legal books of a country whose development has been badly affected by war, the need to adopt futuristic solutions to fast-track its recovery and competitive ability is a matter of importance. An optimized medium of payment and a superior store of value are good options, bitcoin fits perfectly into this. Just like El Salvador, Ukraine could be the next country to utilize digital assets for national growth.

Unlike Salvadorians, Ukrainians have learned the benefits of using swift payment solutions like cryptocurrencies in a rather unfortunate way. The banking experience during this conflict period is already enough to make them appreciate the distinctions between bitcoin and other cryptocurrencies over their custodial financial systems. Many already hold a majority of their funds in cryptocurrencies, this will continue even after the war.

Ukraine will double as a case study for cryptocurrencies’ relevance in turbulence and recovery. As a nationally accepted medium of exchange, it will play a role in the normal lives of people living in this region. As the rest of the world watches; every event in Ukraine as it concerns cryptocurrencies is a major demonstration of utility. For a concept met with so many restrictions, cryptocurrency and blockchain are proving the rest of the world wrong. Playing vital roles in contrasting times is proof of versatility.

18/12/2022
Stay safe; use a Dex.

No pun intended; I’m not poking fun at the popular COVID-19 prevention slogan. But if that’s what will make you refrain from centralized exchanges for a while, then I’ll happily do so. My frequency of using centralized exchanges has decreased over twice times the initial. If we can get rid of fake volumes, centralized exchanges are probably rubbing shoulders with decentralized exchanges; in terms of volume, user base, and application.

Despite years of efforts and modifications, fake volumes have continued to bite down on the reputation of centralized exchanges. Aided by exchange officials or solitarily, cryptocurrency projects could easily fake buy and sell orders to lure investors who are attracted by high volumes as proof of demand and liquidity. This could happen anywhere though, but it is more prevalent in centralized exchanges. Centralized exchanges and their technology have served for the time they dominated the space. No doubt, they flourished due to the incredibly handy services they offered. In essence, these services were the best available.

Hacking centralized exchanges is unarguably the most profitable for cryptocurrency scammers. The incidence of exchange hacks lead to the loss of huge amounts of funds. Mt. Gox, Bitfinex, Binance, Kucoin…the list is actually inexhaustive. Getting access to hot wallets of custodial exchanges is a jackpot for hackers who are in a constant attempt to break their way through.

Funds on centralized exchanges are in fact not owned by the ‘owners’. ‘Not your keys, not your coins’. Regardless of how ‘SAFU’ the exchange promises you about the safety of your assets, your cold wallet which you (and only you) hold its private key is the safest place to store your cryptocurrencies. Blockchain technology assures fund security, but this is only when they are truly in your custody, and this is as long as you’re the (only) one with the knowledge of your wallet’s passcodes and private keys.

So, here’s a simple fix; decentralized exchanges…

Unlike the rampant centralized exchanges, decentralized exchanges do not have buy walls and sell walls, yet the exchange of assets is unrestricted. Even a cryptocurrency veteran would wonder how this works exactly. Well, decentralized exchanges are powered by a number of protocols that allow users to swap assets seamlessly without third-party holding custody of their assets before, during, and after the swap.

Decentralized exchanges are powered by Automated Market Maker (AMM) protocols which leverage liquidity pools to ensure a seamless exchange of assets while retaining blockchain-level security.

Source

Automated Market Markers are programmed to be highly organic and responsive. Like a real-time trading system, every bit of supply and demand creates a relative effect. Traders and investors are handed efficient tools for making decisions and projects are represented for what they truly are…at least for that point in time.

Thanks to liquidity pools, AMMs provide a basket of exchangeable assets to enable unrestricted trading for the period in which the liquidity providers wish to leave their assets on the pool. The transparency of the liquidity pool allows traders to make their decisions.

AMM protocol ensures that every buy and sell effect reflects relatively on the asset price. AMMs are not completely resistant to manipulations, this is evident in the rampant rug pulls. But on the brighter side, these actions are transparent; an important feature of blockchain technology.

Albeit certain shortcomings too; here’s how decentralized exchanges keep you safe(r).

Custody of assets

Decentralized exchanges provide ‘blockchain-level’ security by allowing users to exchange their assets without having to give up their private keys. Private keys give everyone complete control over their individual cold wallets. The security of assets in these wallets is only compromised when the wallet owner gives away their private keys. The recipient of this private key assumes ownership of the concerned wallet and assets therein. In centralized exchanges, asset owners are not in possession of their wallets’ private keys; these keys are rather held by the exchange and are in complete control of the assets in their possession.

In cases of exchange scams, or accidental demise of the holder(s) of this key, assets held in these exchanges are completely lost and there are little or no chances of the holders reclaiming their lost funds. This won’t be the case in a proper decentralized exchange as wallets and asset ownership are not compromised in any way, holders retain private keys to their individual wallets and simply connects to the exchange and enable their assets for trading.

Programmed and time-based permissions

Decentralized exchanges require certain permissions to interact with your wallet sufficiently to allow asset swaps, but these permissions are essentially approved by you and last as long as the particular swap is executed. Once a swap is completed, the permission is retrieved. The protocol will need to make another request before regaining this access to execute another transaction. This ensures that you retain control of your assets at any time you’re not interacting with the platform.

In-wallet assets’ resistance to exchange exploitation

Decentralized exchanges run into hazards too. Countless technical exploitation has been reported on certain decentralized exchanges and defi platforms. This is more rampant with DEXes offering other specialized services powered by novel protocols. Flash loan services have been subjects of exploitation and a large number of assets have been lost in the process. However, this doesn’t affect assets in wallets even if the wallets have interacted with the platform. Fraudulent smart contract codes can avail hackers of a sustained connection to personal wallets, but this is a special case. Assets safely stored on wallets are safe, even if the DEX runs into hazards.

In addition to preserving your identity and allowing you to swap assets from the comfort of your (personal) wallets, decentralized exchanges are evolving to keep your assets as safe as possible while you perform core exchange activities. Stay safe; use a DEX

18/12/2022
The Doge and the Twitterverse

That title sounds a bit like a moonlight tale or a chapter from a kids’ storybook. But that’s fine, it’s a fairytale anyways. A fun one, but not too funny for the other half of the Twitter workforce stripped of their salary source by the beloved DogeFather.

When Billy Markus and Jackson Palmer were editing the bitcoin code to create Dogecoin, they certainly never believed that its destiny will lie in the hands of a nerdy billionaire. It is what it is though, the SlumDoge millionaire must be clearing up his garage for his new Tesla CyberTruck since Dogecoin has returned to the top gainers’ list and might finally land that Twitter deal.

The Twitter-dogecoin Saga is like a toxic rich couple relationship. Frequent fallouts and even stronger comebacks, each one attracting huge financial involvement. When dogecoin hit $0.7, the rocket man was the big propeller. This time around, the story is the same, the only difference is that he isn’t somewhere on the bird app screaming “To the Moon”. Well, let’s just hope he doesn’t land another SNL interview.

Not sure if he will take any of those when he has a whole lot of grounds to clear in his new acquisition. A $44 billion purchase isn’t something to abandon for an interview…let that sink in.

Ok, word on the street is that Dogecoin will be the new token of the Twitter application. I’m not sure if Elon will be collecting that $8 monthly charge in Doge. As a matter of fact, he hasn’t really made his intentions about Doge clear. Notwithstanding, the ‘clever’ crypto investor just completed a dogecoin purchase from his Mid-end smartphone. When Twitter finally integrates Doge and his bag pumps, he will have just enough cash to get a better device. After all, someone made a few billion dollars from Shiba Inu and Doge is an even superior Dog.

Once I drop the last line of this article (which should be soon) I might consider getting a few dollars ‘bag’ of doge, just in case it finally gets to Twitter and the price goes through the roof. Now that’s a random moonboy statement and moonboys run this street. With the price dropping currently, I might just get a good discount or be rekt completely. The latter isn’t more likely, I don’t even know which.

Elon Musk has always been a huge fan of Dogecoin’s technology and economy. You’d expect him to buy up Dogecoin instead of Twitter, but the electric car man always has his own plans. $40 billion into dogecoin might have gotten it closer to flipping Ethereum; then bitcoin.

Elon will need to fight off competition from Jack Dorsey’s BlueSky, Kanye West’s Paler, and of course Donald Trump’s TruthSocial. The social media space is currently a big playground for billionaires. Just like I sip coffee and make Puns, Elon will try to raze a blunt and sack more staff or charge even more fees for the blue tick. Whichever happens more, I just hope he gave Parag that huge Ferrari money. And shout out to @mattwallace888 on Twitter for that new Twitter Logo.

18/12/2022
Bitcoin can still trade above $100,000 in 2022

Bitcoin topped $68,000 last year, and if you lived through that moment, you’d be left in awe of what the space has become since this time. Even more awesome is the state of things by the time you get to read this article. But that’s if you didn’t jump to the first paragraph to get to the point where I listed reasons why bitcoin will climb to $150,000 in the next 50 days.

Here’s a spoiler, that part doesn’t exist. You could still find a few hopium laying around the corners of crypto Twitter. The crypto space is adding to the relevance of Elon Musk’s new playground.
At least, he could have some money to run the ship before the verified users start paying up their $8. Well, this is unrelated but the rocket man recently checked into a Twitter space just to say ‘Doge to the moon’!

Even if you don’t love Twitter, you’ll love Mr. Musk. An absolute gentleman! Don’t read that twice.

Away from Twitter and away from the charts, cryptocurrency has taken a bad hit this year, the worse it ever did. Trashed reputation, air-proofed strength. It once looked like a very strong space. If we’re considering percentage losses, it’s still doing better than the 2017 crash, but that’s not a story to tell to anyone who bought the top. Heard Nayib Bukele’s bitcoins were stored on FTX. That turned out to be a joke, but what a story it would have been.

Tesla did test bitcoin’s liquidity and couldn’t move the market with billions of dollars in bitcoin sold. That used to be impressive, guess not anymore, we could drop to zero if anyone tries something similar right now.

If there’s any advice that almost went completely wrong in crypto, it’s the one that encouraged you to invest in ‘blue chips’ turns out that are blue rugs. But that’s fine, at least we still have NFTs to keep us going. Brilliant FTX investors did demonstrate the best use case for NFT — money laundering. Probably the single-use case that has steered the values in the way we have seen.

Next in line for capitulation? I guess not, that Ronaldo and Binance NFT partnership finally happened. The greatest footballer that ever lived will be dishing out some rare art and footage with the popular exchange. With other exchanges falling apart and Binance standing strong for now, NFTs might just pick steam again, NFA.

But then, what else could go wrong? Bored Apes announces that their monkey pictures are truly valueless and floor prices crash to two decimal point ETH while bitcoin drops below $10, 000. That’s just one zero short of the $100,000 mark. That’s an awful take, even in the words of a crypto Rockstar.

But the drums are still sounding. Thanksgiving is almost here, but things are still looking scary. Halloween got extended. Time to give up on your dreams and face reality. If you bought bitcoin anywhere near the 2021 top, you’re certainly ending the year at a loss. But one bitcoin always equals one bitcoin. A faulty arithmetic, but still works for people who have developed a Micro strategy for cryptocurrency investment.

Anyways, it’s the last quarter of the year and crazy things happen. Shiba Inu at $1 is on the cards as well.

18/12/2022
Cryptocurrency is reserved in Memes!!

Unlike FTX, crypto.com have a reserve that protects your deposits. At least, when they finally file for Bankruptcy sometime in the future, you will get something back for the funds you left on their trading platform. Well, you’ll probably get a couple of million of Shiba Inu, but that’s fine, at least you got something.

It’s been a wild week and just when you think it can’t get worse, you find out that your whole deposit could be sent to the wrong address by the same institution that promises you your funds’ safety. Maybe the banks weren’t as bad as we have painted them over the years. And who cares whether the bank is always open or not? At least they play a better gamble than trading platforms valued in billions of United States dollars.

That’s by the way, I guess the coffee got somewhere between my emotions and my sense of taste. With every exchange showing an undue lack of integrity and bitcoin threatening to go back to 2018 levels, it’s time to deal with some addictions.

A pitiable state, the whole crypto space. But never mind, the remaining exchanges are proving to you that your crypto deposits are backed by a strong reserve, they are reserved in the most popular meme coins and a little bit of stablecoin and bitcoins as well. Can’t say much about the Ethereum coin in reserves since they can be easily sent to another exchange ‘mistakenly’. One suggestion is to use naming services like ENS and Unstoppable Domains…not sure if billion-dollar companies take advice from a common writer.

I could do a few conspiracy theories, my favorite theory is that all these events are meant to pump Shiba Inu to 1$. Since exchanges have billions of Shiba in reserves, Shiba at $1 will rescue these exchanges from bankruptcy and users can have their funds back while bitcoin races to $200,000 and crypto becomes the global standard of payment and Michael Saylor becomes one of the richest people on earth and the Bankman returns to his Forbes “30 under 30” ranks. I’m very bad at this.

It unfolds like a joke tweet, similar to the one from the Popular Binance CEO, followed by a “Steady Lads” tweet and some storm-calming claims before the -80% drop and bitcoin comes tumbling. It’s sad that the orange coin has to suffer from all these when it has done nothing but stay in the wallets of high-power miners and Central-American nations. Bitcoin is closer to $100 than $100,000; one year ago, it was just a few bucks to $70,000. Funny how everything could change in a year. My favorite coffee brand cost two times more too.

We could go ahead with more puns and sarcasm about how the space has gone from “revolutionary” to a “wild west” it has always been the latter; we were just lost in a wave of “institutional adoption”. I guess we all learned the hard way; apart from the hackers who managed to make a few cash-outs while the market was booming and the projects that successfully rugged their investors. Not to forget the Twitter influencers that earned six figures from simple tweets. I hope they get to pay Mr. Musk his $8 and if they trusted Mr. Fried with any of those funds, then…

For the last paragraph, I will quickly end this so I can move my remaining ERC tokens to my wallet. I will have to pay more in withdrawal fees than the value of the assets, but that’s better than losing it to ‘researchers’ who don’t like using Stop Losses.

17/12/2022
How regulations impact crypto; positively

I think we should take back every word we uttered when we accused mainstream financial institutions of trying to stop “the crypto revolution”. Revolutions always come with a storm, but when they threaten the globe with depression, they should be checked. Now by ‘depression’, I mean mental and economic.

It’s been a while since I stumbled upon crypto philanthropy projects, only similar ones I’m aware of are comedians trying to make fun of Bankman’s effective altruism; sorry, Excessive altruism. I know he’s made a couple of good records; multiple Forbes mentions and appearance and surely one of the few very good men that gave other people’s money away. Anyhow you see it; I think he’s made a name for himself. His friends at the national media houses and his million Twitter followers can attest to that.

Enough of Sam though, but this whole ‘blurb’ is about him and how effective regulations would have saved millions of crypto gamblers (or investors) from a $10 billion incident. Just in case you are already taking back your words as we discussed earlier, I’d suggest you put a pause on it. Yeah, put a pause because the regulation attempts have never really been about investor protection.

If the United States government ever dipped its feet into crypto, it’d surely have some money stuck in FTX. Well, FTX US wasn’t part of the massacre and the funds should be safe. Even if Nayib left his nation’s bitcoins on FTX as the jokes told, he’d be glad to put an end to the losses he’s been counting since he put his nation’s money into bitcoin at ATH. I’m sure he is secretly DCAing or trimming his losses.

Regulations would have saved the collapse if there was ever an attempt at that. Unfortunately, that was never the case, and every word about stopping a revolution was factual. Even the United States officials were only bothered about the “super shadowy coders” whose only job was to deploy codes and use the blockchain… for fun. The real threats make donations to election campaigns and take front rows in political discussions.

At least the People’s Republic of China banned cryptocurrency mining and every crypto-related activity in the country, but I’m sure Jinping was more bothered about the portion of the nation’s power supply consumed by the miners in the country than the safety of the people’s fund in the firms that attempts to replace fiat.

About replacing fiat, I think we are devising a better way to go about it. Here’s my personal theory; exchanges and other custodial institutions are carting away investors’ and users’ funds and giving them (worthless) tokens as a replacement. That way everyone will have enough cryptocurrencies and less fiat. Revolution, yeah!

I guess most nations didn’t care about protecting their citizens since they’ve been already told that cryptocurrency isn’t a nationally recognized business. Every man to himself, the government is staying away from this one…until the next bullrun! About the investor, we wait on Sir. Bitboy for answers. You can save your statements about his paid shills, at least he didn’t give anyone’s funds away…literally. I suggest he takes a look at Sam’s new body build as portrayed by the New York Times (not sure I got that right).

I’d have loved to make a few statements about the new relief fund program by Binance’s tactician, but this blurb is limited to 600 words. I love to call it a blurb since it literally doesn’t even make much sense. But anyways, if this was cool to read, consider following us!

17/12/2022