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Topics - Karl_BC

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Cryptocurrency discussions / Is investing in Bitcoin similar to gambling?

« on: April 27, 2021, 04:08:18 PM »

Hi guys,

Let's talk about investing and gambling. Ever since Bitcoin skyrocketed into popularity in 2017, traditional investors have continuously compared buying the coin to gambling. They point to its volatility, unpredictability and novelty as the main reasons why people are better off putting their money on safe investments instead of buying hyped up coins.

Are any of these comparisons actually true? Is Bitcoin a form of gambling? There’s a morsel of truth in their statements. When you buy Bitcoin, you don’t know what the outcome of your investment will be, much like in gambling. However, that’s where their similarities end. The two are more different than they are similar and in this article, we’ll answer the question ‘Is buying Bitcoin gambling?’

Who said buying Bitcoin is like gambling?

Back in 2017 when Bitcoin gained traction and surged in price, sceptics from the established financial system voiced their negative sentiments about Bitcoin and likened it to gambling.

One critic, the then Governor of the Bank of Canada Stephen Poloz, said this about cryptocurrencies: ‘What their true value is may be anyone’s guess — perhaps the most one can say is that buying these things means buying risk, which makes it closer to gambling than investing.’

During this time, Bitcoin was still a fairly new investment option, and no one knew for sure how it was going to perform. Since it’s not backed by any fiat currency, company or institution, its price can easily drop the same way it exponentially rose.

Despite his warnings, no one was able to stop interested investors from joining the hype. The best Poloz could do was advise people to read the fine print first and make sure they know what they are getting into before buying Bitcoin.

Another Bitcoin dissenter, Jim Cramer, likened Bitcoin to Monopoly money and gambling. The host of CNBC’s Mad Money and co-anchor of the Wall Street business show Squawk on the Street said ‘What’s the difference between Bitcoin and trying to figure out the Super Bowl? I mean, it’s gambling.’

At that time, Bitcoin broke through the $12,000 mark for the first time and people were raging over it like they are today. As a response to these claims, crypto fans insisted that if sceptics are likening buying Bitcoin to gambling, they’ll have to do the same with buying stocks. As the sports and entertainment news site Sports Bank puts it, ‘You purchase stock hoping that the stock’s value will increase at some point.’ That’s similar to buying and investing in Bitcoin. So if you’re asking ‘Is Bitcoin gambling?’ or ‘Is crypto gambling?’, the answer to both questions is ‘Kind of’. However, there are stark differences between the two.

What makes Bitcoin different from gambling?

Though their concepts may sound similar, the difference between gambling and investing in Bitcoin lies in the number of elements that affect their outcomes.

In gambling, there’s no way of predicting the result of a game and gamblers are always more likely to lose because of the house edge. This refers to the cut that casinos take from the player’s overall wins as commission for their services. So no matter the game, gamblers are always more likely to lose than gain money since all casino games are built this way. In gambling, the only things that can dictate the outcome of the player’s bets are luck and probability, which players have no control over.

On the other hand, traders consider plenty of factors when buying Bitcoin so they can make informed decisions that can result in favourable outcomes. Institutional investor activity, market favour and current news are just some of the determinants that cause Bitcoin’s price to fluctuate. The more informed and well-versed an investor is when it comes to these factors, the more they’ll be able to make educated actions and reap great profits.

Bitcoin investing is all about research

Research is the key to successfully investing in Bitcoin; something inessential when you’re simply gambling. This isn’t exclusive to cryptocurrency investing. No matter the asset you’re investing in, the more you know, the bigger your advantage is. An uninformed investor is no better than a gambler who relies on luck when betting on the 50/50 outcome of a game.

To gain information, traders use two different kinds of analysis: fundamental and technical. These help them gauge an asset’s performance, predict the chart’s movement, make enlightened decisions and gain great returns.

Fundamental analysis includes analysing news and current events that can affect the coin’s price. This lies in the belief that all information is reflected in the market. So to predict the market’s direction in the future, you need to consider what’s happening in the industry and understand how it’s going to affect an asset.

Opposite this is technical analysis which only considers all the information present on the price chart. Technical analysts rely solely on the chart to predict how an asset is going to perform. They study past trends, analyse recent trend lines and base their predictions on the information gathered.

While these two are great methods on their own, combining them brings out the best results. News and an asset’s performance are essential factors traders need to consider when investing in Bitcoin and other cryptocurrencies. As a result, using both fundamental and technical tools becomes a great way for investors to make the most informed decisions.

The difference lies in the investor

Even though buying Bitcoin and gambling are not the same, an uninformed investor may not recognize the difference. If you’re investing without any knowledge whatsoever about an asset, then you’re no better than a gambler and the best you can do is hope that its price grows in the future.

Knowledge is your most important tool in navigating the world of crypto investing. The more informed you are, the more you reduce the risk of losing your invested money. So even if Bitcoin crashes, you’ll still have profit to take and you won’t be on the losing end.

Thanks for reading and your thoughts are highly appreciated.

Cheers,
Karl

Source: Bitcasino blog

Cryptocurrency discussions / Cheapest cryptocurrencies to buy in 2021

« on: April 06, 2021, 09:15:39 AM »

Hello crypto-fans

After Bitcoin boomed during the pandemic, the demand for crypto investment became more popular among the public.
People who were hesitant on the nature of cryptocurrencies are now looking at it as a long-term investment.

No matter how exciting and profitable digital assets are, people can’t invest right away in popular tokens such as
Bitcoin, Ethereum, and Ripple. This is due to the fluctuation of value and the lack of crypto information.
These digital assets are expensive if you want to invest large amounts that you can grow in the coming years.

But, here’s the thing, did you know that there are cryptos that you can buy without breaking the bank?
If you’re interested to know more, continue reading!

Our favourite cheap crypto assets

Quantstamp (QSP)
Get incentivised for spotting errors

The Quantstamp Protocol or QSP is known as the first security-audit protocol that boasts scalability.
It is designed to double-check loopholes in smart transactions made on the Ethereum Network. Through QSP,
checking transactions is effective because it places bounties on spotting errors in smart contracts.

Spotting malfunctions in digital contracts will be incentivised with QSP ERC-20 tokens. As of writing, QSP ranks #427 by
market capitalization in Coinmarketcap. QSP is available on exchanges such as CoinDCX, Binance, Uniswap, Gate.io and
Huobi Global.

Currently, the total supply of QSP tokens is 976.44 million while the circulating supply is 713.8 million.

IOTA (MIOTA)
A token that can be used across devices

Created by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov in 2015, the IOTA token is an asset
that utilises the Internet of Things. Inside the IOTA blockchain, there are remarkable features that make it a promising coin.

First, it's a scalable asset that can process several transactions through a large network of nodes in the chain.
Second, people can easily become validators because IOTA transactions can be processed using basic devices such as
phones, tablets, and computers.

IOTA can be purchased through exchanges such as Binance, OKEx, HitBTC, Huobi Global, and DragonEx.
As of writing, one token can be purchased at US$1.58.

NEM (XEM)
A promising Bitcoin fork

Also known as the New Economy Movement, NEM is a decentralized blockchain designed to accommodate enterprise-level
clients and provides a more functional way to verify and move cryptocurrencies.

XEM is the native coin of NEM that connects private and public blockchains to create a more robust network for transactions.
Moreover, the token is a result of a fork in the NXT blockchain.

Within the NEM network, users can process transactions through a protocol called the Proof-of-Importance system or POI.
Currently, XEM tokens have a total supply of 9 billion.

You can purchase XEM tokens in exchanges such as Bithumb, CoinDCX, Binance, Upbit, and OkEx.

Ravencoin (RVN)
Allows users to trade real and digital assets

Inspired by the ravens in the HBO series Game of Thrones, Ravencoin is a digital asset designed to deliver
statements of truths’ to crypto owners.

If you’re looking for versatile crypto investment, Ravencoin is a good option because it allows users to trade real and digital assets.
This can vary from gold bars, land deeds, in-game features, and software licences.

The RVN token has an X16R algorithm which prevents ASIC mining that can lead to centralization. Moreover, the coin came from
a Bitcoin fork. As of writing, Ravencoin can be purchased at US$0.20. It has a max supply of 21 billion with 8.45 billion currently
in circulation.

Lumen (XLM)
A stellar open-sourced payment system

Lumen may be a cheap crypto, but it's currently eyed as one of the most promising digital assets in the market.
It runs on Stellar, an open-sourced payment protocol that enables users to process seamless cross-border transactions
between any currency without paying expensive fees.

Released by American programmer Jared McCaleb in 2014, alongside lawyer Joyce Kim, Stellar accepts transactions between
US dollars, Bitcoin and more. Through the Stellar network, different financial institutions can work together and carry out
transactions in a more cost-effective and efficient manner.

If you’re looking for an asset to invest in, XLM is one of the cheapest crypto coins that you can purchase at US$0.41.
Lumen tokens are available on exchanges such as Binance, CoinDCX, OKEx, Coinegg, and Coinbase Pro.

Cardano (ADA)
Competitive and affordable crypto asset

Developed by one of Ethereum’s co-founders, Charles Hoskinson, Cardano is one of the most promising and cheapest
cryptocurrencies to buy in the market right now.

Cardano aims to create a sustainable blockchain protocol to decentralized applications, systems, and societies. Inside its network,
there are two layers which are as follows:

* Cardano Settlement Layer (CSL) - the CSL is where the platform’s native coin, ADA, runs to enable transactions within the chain.
It acts as the ledger of the Cardano ecosystem which utilises a proof-of-stake protocol to verify transactions. Moreover,
its structure can be used as a medium of exchange and developing smart contracts.

* Cardano Computation Layer (CCL) - On the other hand, the CCL is where the information of values are transferred within the
Cardano ecosystem.

Currently, Cardano can be purchased at US$1.19 on exchanges such as CoinDCX, Binance, Wenx Pro, Bitrue, and Huobi Global.

Thanks for reading and you're welcome to share your thoughts.
Karl

Source: Bit(casino) blog

Bitcoin Forum / Bitcoin and inflation in 2021

« on: March 24, 2021, 11:28:01 AM »

Ever since its conception, Bitcoin has been advertised as a safe-haven asset.
In the event of an economic downturn, Bitcoin’s price is expected to climb because of its limited supply.

The COVID-19 pandemic in 2020 put this theory to the test where Bitcoin shone like a diamond in the rough, proving its resilience even to the most sceptical investor. Looking back at the events of 2020, let’s find out what’s next for the world’s top cryptocurrency and analyze its relationship with inflation in 2021.

Bitcoin inflation 101

Bitcoin has a fixed maximum supply of 21 million coins and today, around 18 million have already been mined. Once this number is depleted, no new Bitcoin will ever be mined again. This scarcity is what makes Bitcoin similar to gold and a hedge against inflation.

No central bank can just release more Bitcoin into the market. Instead, new coins are minted through the proof-of-work protocol called ‘mining’. A miner solves complex mathematical problems before they can verify a transaction and upload it onto the blockchain.

In exchange for their hard work, they receive a block reward that’s now worth 6.25 BTC. This process doesn’t only secure the Bitcoin network, but it also ensures that demand matches the outflow of newly minted coins.

Bitcoin halving
Now, what if the demand is too high that more and more Bitcoins are entering the market? Bitcoin halving occurs. For every four years or 210,000th block uploaded on the blockchain, the block reward received by miners is cut in half to reduce the supply of newly minted coins and curtail Bitcoin inflation.

Halving is a deflationary precaution written in Bitcoin’s code. With less supply, Bitcoin’s price is projected to climb higher. This proved to be true in the last two halvings that occurred in 2012 and 2016 when the reward was reduced to 25 BTC and 12.5 BTC, respectively. In both halvings, the price increased over 200% after one year, with the latter seeing the price climb to as high as US$2,526 in 2017.

The third halving occurred last May 2020 and its long-term effect is yet to be seen. Though it hasn’t even been a year, Bitcoin has since climbed to a historic new all-time high (ATH) at US$61,000 on March 13. That’s almost 250% higher than the US$20,000 ATH in 2017.

Hedge against inflation
Considering Bitcoin’s scarcity and deflationary precaution, it’s deemed more as a store of value rather than a medium of exchange. The cryptocurrency is also considered by many as a hedge against inflation because of its fixed limit. With all this taken into account, it’s no wonder that numerous investors flocked over to Bitcoin in 2020 during the COVID-19 pandemic when economic activity around the world came to a screeching halt.

The US government, COVID-19 pandemic and the economic crisis

Following the economic crash brought on by the nationwide lockdown in the US, the Federal Reserve launched monetary policies that kept interest rates near zero and allowed more money to be printed. Over US$3 trillion have been printed by the US Federal Reserve in the past year alone to cover stimulus packages.

All this was done to stimulate the economy. Keeping interest rates low encourages people to borrow and spend, effectively jumpstarting economic activity.

However, with the increased supply of US dollars in circulation, its devaluation followed suit. Inflation rates are expected to climb sooner or later once the demand starts racking up. With high demand and low supply comes high prices and a high inflation rate.

Is crypto a hedge against inflation?

According to the US Federal Reserve, inflation pertains to the increase in the price of goods and services over time. However, the total amount of money in circulation also plays an important role in defining inflation.

Cryptocurrencies remove the problem of inflation by limiting their supply. Most cryptos have a fixed limit and their own protocols on adding newly minted coins to the market. Since cryptocurrencies have a set limit, their price can only go up as its supply becomes scarcer, making it a hedge against inflation. On the other side of the spectrum is fiat currencies like the US dollar whose value can only drop over time as supply increases.

As the federal government continues to print money and keep interest rates low, the US dollar’s further devaluation and a high inflation rate can only be expected. The rise of inflation rates can be expected and to prevent losing their assets, institutional investors are looking for alternative investments such as crypto which acts as a hedge against inflation.

Are inflation rates increasing?

The Federal Reserve said that the inflation rate hovered around 1.5% in 2020, which is well below the target of 2%. This means that even with a low-interest rate, people are not borrowing and spending. Instead, they are accumulating money.
With no high demand, there’s no reason for prices to increase and the inflation rate to climb.

However, the low inflation rate did not stop institutional investors from investing in crypto. That’s because they’re using Bitcoin as a hedge against future inflation. Even if the inflation rate is stable right now, it won’t remain low forever. It’s still expected to rise once the pandemic subsides and the public becomes more active in purchasing goods and services again, resuming economic activity.

What to expect from Bitcoin and inflation in 2021

As the world moves forward in 2021, monetary policies and consumer activity will determine how low or high the inflation rate will go. The demand may rise and prices may start climbing with more people coming back to the labour force. At this point, more and more investors will look for bitcoin as a last-minute solution, causing its price to drive up even more.

Thanks for reading and waiting for your thoughts.

Regards,
Karl from Bitcasino

Source: Bitcasino blog

Cryptocurrency Trading / Best Bitcoin trading bots to use in 2021

« on: March 16, 2021, 02:04:03 PM »

Hello everybody

The world of crypto trading never stops. Unlike traditional stock exchanges, there are no closing times for cryptocurrency exchanges. This means day traders can miss out on important events that happen in the industry while they are asleep. Considering that cryptocurrency prices change every second, the 24/7 trading hours can cost traders a lot of their assets.

That’s why trading bots are created—to help traders execute orders automatically and reduce the risk of asset loss. Traders won’t need to be in front of numerous screens to monitor different markets 24 hours a day to make sure they’re generating profits. Trading bots can place market orders round the clock, analyse data and provide aggregated information to traders so they can improve their performance.

Numerous Bitcoin trading bots are now available in the industry that it can be hard to know which ones are worth using. Browse through our curated list below to find out which are the best trading bots in 2021.

Pionex

The best thing about Pionex is it’s an exchange site with built-in 12 trading bots that you can use for free. Depending on your preferred trading method, you can choose from its most popular bots including Grid Trading Bot where you just need to set the range to buy low and sell high, Infinity Grid Bot where there’s no upper limit for selling and Leveraged Grid Bot where you can trade with a 3x leverage.

With Pionex’s user-friendly interface, traders who are unfamiliar with trading bots can get used to it in no time. Additionally, you can expect fast performance with any of Pionex’s Bitcoin trading bots since they aggregate the liquidity from renowned exchanges Binance and Huobi Global.

Bitsgap

Bitsgap is an all-in-one trading platform with a bot that utilizes an algorithm called ‘GRID’ that distributes investments proportionally according to the trading range set by the user. It constantly monitors the market and whenever a buy order is completed, the algorithm automatically places a sell order at a higher price.

Once that sell order is processed, a new buy order replaces it and so on. The bot doesn’t stop trading until the price goes beyond the predefined trading range. You can use Bitsgap for free with its 14-day free trial and try your hand with its tools without risking money.

Trality

Perfect for developers and professional traders, Trality allows users to create an algorithm that works best for them. With all the tools provided through Trality’s in-browser Code Editor, traders can write their professional-level algorithms according to their trading strategy using Python.

However, Trality isn’t only exclusive to professional traders and developers. With its Rule Builder feature, traders with zero coding experience can build their own algorithm from scratch. It uses a basic drag and drops user interface to make it easy to use. Once your bot is ready, it can start making trades on Binance, Coinbase Pro and Kraken.

Mudrex

Instead of letting you build your own trading bots, Mudrex lets you choose from a curated list of bots created by professional traders. All you have to do is choose from the marketplace and buy the one that works best for your trading strategy.

Before buying a bot, you’ll be able to see its past performance so you know whether it's effective or not. The best thing is you don’t have to know a thing about software development to understand how the bot works. As long as you’re knowledgeable in crypto trading, you’re good to go.

Coinrule

There’s no better Bitcoin trading bot for beginners than Coinrule. If you understand the ‘if-this-then-that’ framework, then you’re all set to build the trading system that fits your preferences. All you have to do is select your technical indicators from the 150 pre-set rules included in the template library and mix and match them to create the perfect trading system for you.

Once you’re done building, you can test it without the risk of losing funds through Coinrule’s Demo exchange. Find out if your trading bot works properly and once it does, you can run it for real and let it execute trades on Binance.

3Commas

Out of the numerous trading bots that have been released in recent years, 3Commas stands out as the one most used by professional traders. Its complex interface might intimidate a neophyte but its superb services will make any trader’s life easier.

Its most outstanding feature includes the ability to backtest strategies and compare them with the portfolio of other traders. This way, you can learn from other traders and incorporate their strategies into your own trading system. 3Commas conducts trades on the biggest exchanges today namely Binance, KuCoin and Bittrex.

Shrimpy

Shrimpy is another Bitcoin trading bot popular among the HODLer community. However, compared to other bots, Shrimpy is more suited for long-term investments instead of day trading. Its best service includes portfolio rebalancing where users can automate their portfolio so it’s balanced to a predefined ratio. You can also see other traders on the site and copy their successful trades. Shrimpy supports more than 10 exchanges including Kraken and Binance.

CryptoTrader

Same with crypto marketplaces such as LocalBitcoins, CryptoTrader lets people buy and sell trading bot strategies. If you’re an experienced trader, you can create and sell your own trading bot here and even gain profit from it.

On the other hand, novice traders can take advantage of the knowledge of professionals in the industry by purchasing tried-and-tested strategies. CryptoTrader executes orders on Coinbase and Bitstamp so it can process instantaneous trades all at once.

Cryptohopper

Another Bitcoin bot trading that offers trading templates for sale is Cryptohopper. Similar to CryptoTrader, you can also find trading strategies created by professional traders on Cryptohopper’s marketplace. You don’t need coding skills to experience the convenience of trading bots using this site.

Additionally, it utilizes trading signals to direct you to traders with similar strategies to you so you can follow and learn from their trading activities. Cryptohopper integrates with numerous exchange sites such as OKEx, KuCoin, Bittrex and Binance to conduct your trades daily.

ZenBot

An open-source trading platform, ZenBot allows traders to modify their own Bitcoin trading bots and create one for themselves. However, ZenBot doesn’t have a user interface so it’s almost exclusive to traders who can understand and write code. The great thing about it is it can handle high-frequency trading and you can create a diverse range of strategies aside from Bitcoin trading bots.

Trading can be a tiresome job that takes up a lot of time and energy. Take a break from the grind and let your trading bot do the job for you.

You are welcome to share your thoughts.

Thanks,
Karl

Source: Bitcasino blog

Cryptocurrency discussions / Is CVC coin a good investment?

« on: March 04, 2021, 02:54:01 PM »

Hey, everybody

In an era where information can be exchanged seamlessly, people still find it difficult to process information, especially when it comes to verifying their accounts and personal details across the internet. Now, through blockchain technology, Civic coin features instant verification without the need to undergo tedious authentication procedures.

The CVC token, also known as Civic coin, is a currency that runs on the Ethereum platform. Developed by Vinny Lingham, the goal of CVC is to ‘give people control and security over their digital identity’. This is made possible by a simple application that can be utilised to access digital assets, information, transactions, and authorization.

Civic coin: In a nutshell

Civic coin is a token that runs through the Civic identification protocol. Through this, people can bypass long verification procedures, share peer-to-peer transactions, and transfer digital assets through the Civic wallet.

This cryptocurrency allows people to create their own personal database that can be used over and over through different apps that also utilize it. Once logged in, only the user has the access to all the information in the database.

Aside from protecting customer information, Civic also allows instantaneous payments and the storage of Bitcoin in the Civic wallet. At the time of writing, the CVC coin price is US$0.3923. After peaking at November 10, its value dropped and is currently heading towards a bearish run.

Why you should invest in CVC coin

* It prioritizes your privacy
Being a privacy-focused coin, CVC stores information in a decentralized ledger powered by the Ethereum blockchain. With this, identity-theft is highly unlikely whether you use your phone or email in your transactions.

* It utilises a multisig private key management
Civic doesn’t use seed phrases or mnemonic codes to save user information or passwords. What it does is separately store private keys using a Multisignature (multisig) feature. Additionally, this design requires a set of keys to execute a transaction. Should an issue arise, the company will use the identification details of the user to recover funds and other data.

* It can be your all-in-one ID
Having a CVC wallet is like having a digital ID and wallet with you at all times. You don’t have to bring papers, documents, and other files if you want to verify your identity. Your CVC wallet can act as your passport identification because it can store all your information, as well as your health information details.

Civic coin at the time of Covid-19

Originally designed for identification and verification purposes, Civic coin is now used to track people’s status if they’ve been vaccinated or not in the midst of the Covid-19 pandemic.

They teamed up with Circle Medical, an affiliate partner of the UCSF hospital in San Francisco to execute the project. Through the Civic App, employees can use their medical data logged in the app to prove to their employers that they have been vaccinated.

Since Civic wallet can authenticate identity through the use of blockchain and AI technology, it can check on people’s vaccination status that can help streamline the health protocols of hospitals and clinics during the pandemic. According to the company, users can assure themselves that they will have power over their information and personal details.

‘When a user signs up with Civic Wallet, they are authenticated as a real person, using both AI and blockchain-based technology. Once verified, Civic Wallet holders have more control over the information they share with third parties. For example, Civic Wallet users may share their Health Key but not provide their name or address to a requesting company’, said Civic.

Should you invest in Civic coin?

With the ability to create privacy-centric space for information, Civic coin shows the capacity in harnessing the power of decentralization to meet the demand for data security. It can provide a more efficient user experience, especially for people who are searching for new cryptocurrencies to take interest in.

Based on research, CVC is showing positive signs for investment in the next 5 years, which gives the coin more time to improve its function and blockchain for future investors. As of writing, the current price prediction after 5 years is at US$1.1555.

As of the moment, crypto experts are still in dispute with CVC coin prediction. It still has a lot to improve in terms of market cap and utilisation to become a more stable crypto investment. With that said, it shows potential as a formidable digital asset despite its fledgling status in the crypto sphere.

Your thought and comments are highly appreciated.

Thanks,
Karl

Source: Bitcasino.io blog

Coinbase / What will Coinbase add next to their list?

« on: February 19, 2021, 12:15:33 PM »

A lot of promising coins rose in 2020, riding an unceasing bullish phase that seems to have continued into 2021.
With the ever-growing crypto space and the rise of newer coin releases on the horizon, it raises the question,
what cryptocurrency will Coinbase add next?
What affects their decision to add new coins, and what is its foreseen impact on the crypto market?

Coinbase’s listing process

Back in 2018, Coinbase only had Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin listed on their platform. In just over two years,
they’ve listed over 50 new coins, spurring growth and development in the crypto industry.

Every now and then, Coinbase releases a blog post stating their intent to support new digital assets. According to their posts,
Coinbase follows a Digital Asset Framework in assessing which coins will be listed on their exchange. With factors such as security, compliance
and overall mission to consider, it takes a long time for a coin to be accepted.

In 2018, they announced they were reviewing 30 digital assets that will be listed some time in the future. Some of the altcoins include
Cardano (ADA), Dai (DAI), EOS, and Tezos (XTZ) to name a few. However, not all listed coins became available on the exchange.

Two years later, Coinbase posted another blog revealing more digital assets were under review. The list included Ampleforth, Band Protocol
and Balancer among others.

Recently, they made it easy for developers to have their coins listed in Coinbase with the launch of Asset Hub. Developers can create an account
there and have their coins reviewed so it can be listed on the exchange site. With this development, the crypto sphere can potentially see
more coins added to Coinbase’s prestigious list.

Top new coins that can be added to Coinbase

Out of the 8,000 plus crypto coins listed in Coin Market Cap, these are the best ones that are yet to be listed in Coinbase:

* Cardano (ADA)

Cardano or its coin ADA is currently the 6th largest cryptocurrency in terms of market capitalization according to Coin Market Cap’s list.
With over 31 billion ADA in circulation since its launch in 2017, its rise in numbers also became apparent with its spike in price that now sits at US$0.36.

An ambitious project spearheaded by Ethereum co-creator Charles Hoskinson, Cardano aims to be the third-generation of crypto which
builds on the basic fundamentals of Bitcoin and Ethereum.

This aspiring project caught the attention of the crypto community in 2017 since its whitepaper was produced through peer-reviewed
brainstorming by researchers and global members of the academic community. Unlike the traditional way of posting a whitepaper online,
the Cardano Project ensured it has undergone rigorous research and revisions not just by one group but by researchers before it arrived in the last phase.

ADA’s sudden rise to the 6th spot in the coinmarketcap list means more and more people are believing its vision. Cardano’s solution to fix
scalability and interoperability issues is its main attractive characteristic that continues to draw people in. With a higher demand for ADA
and a continuous upward growth in its price and supply, it’ll only be a matter of time before Coinbase lists the so-called third-generation cryptocurrency.

Why is Cardano not currently listed on Coinbase?

The reason why it is still not listed might be because Cardano is still applying the finishing touches to its blockchain.
Only 4 years after its conception, there is still a lot to be accomplished in its road map which spans 5 different stages. Currently, the Cardano project
is at the Goguen stage where the Ouroboros protocol becomes live.

However, there are hopes that ADA will finally be listed in Coinbase in early 2021. Last July 2020, Cardano’s research branch IOHK announced
during the Cardano Summit that they signed a custody agreement with Coinbase, allowing users to stake ADA on the exchange’s cold storage.
This means ADA holders can store their coins in Coinbase Custody’s cold storage for staking.

Nonetheless, ADA is still not listed on Coinbase, and there are still no announcements on when users can expect to buy ADA on the exchange.

* Tron (TRX)

Created in 2017 by the non-profit organization Tron Foundation, Tron is a decentralized peer-to-peer blockchain that aims to liberate the
online content and entertainment industry. It plans to do so by directly bridging content creators with its audience, cutting middlemen from the equation.
With this direct entertainment interaction, viewers won’t be bombarded by ads from third-party apps and sites, and content creators can receive
tips without a middleman.

Tronix or TRX

The Tron project also has its own native coin called Tronix or TRX. Users can use TRX to tip content creators they want to support and creators
can convert the assets to other cryptocurrencies. Additionally, TRX is a proof-of-stake coin that gives the owner voting rights and privileges
they can exercise when making important decisions for the network.

Tron in the present and the future

Tron partnered with South Korean tech giant Samsung in October 2019, announcing that DApps built on the Tron network will be available
for a wider range of audience through Samsung Blockchain Keystore. This will also make it easier for developers to create decentralized
applications which will be accessible to a global audience.

With higher demand for online entertainment than ever, Tron’s mainstream rise is on the horizon. 2020 saw a massive increase in online and
streaming activity from people around the globe due to the pandemic. Not only did the webspace provide entertaining content during this time,
but it also offered plenty of novel career opportunities. Content creators rack up a huge amount of money from sponsorships alone.
This opportunity will only drive more people to seek online opportunities online for a safer and more convenient working environment.

For Tron, this means more clients can benefit from Tron’s decentralized services. As the demand increases and TRX’s supply grows,
Coinbase will eventually have to take a look at the coin and consider it for listing.

Why is TRX not listed on Coinbase?

Despite being the 19th largest cryptocurrency based on market capitalization, TRX is still not listed on Coinbase. Members in the online crypto
community suspect this has something to do with Tron’s political background. Based in China, Tron’s CEO Justin Sun is a tech entrepreneur
known as the student chosen by Alibaba CEO Jack Ma. With the current tension in the US-China relation, there might be issues on Tron’s compliance
with the regulations set by the Securities and Exchange Commission in the US.

Nonetheless, people still hope TRX will be listed in the biggest crypto exchange in the US. For now, you can buy TRX through Binance,
Huobi Global and OKEx where you can exchange them for other cryptocurrencies.

* Neo (NEO)

Known as the Chinese Ethereum, Neo is a decentralized platform where smart contracts can be built. Da Hongfei and Erik Zhang developed it
in 2014 back when it was still named ‘Antshares’. It wasn’t until 2017 that the name Neo came about.

Neo prides itself as ‘the developer-friendly, community-driven and enterprise-ready open network for the smart economy.’
Similar to Ethereum, it provides developers with everything they need to build applications on the network.

China stands out among other countries when it comes to having a robust crypto industry. Despite the government’s strong regulations,
it remains as a Bitcoin mining stronghold. With its large crypto community, steady demand for decentralized services and continuous development
of blockchain technology, China will maintain its position as an incubator for novel ideas in the crypto industry.

That’s why Neo will only get better as time passes by. Its purpose as a platform for decentralized applications allows other innovators to turn
their ideas into reality, expanding the world of crypto even more. NEO currently sits at the 26th spot in Coinmarketcap’s list.

Why is NEO not listed on Coinbase?

Coinbase included NEO in a blog post about new digital assets they were exploring back in 2018. Three years later, NEO is still not listed
and it might be because listing NEO would mean listing GAS as well which would take longer. A political issue can be raised against Neo since
it’s a China-based project like Tron.
In the meantime, you can buy and trade NEO on other exchanges such as Binance, Huobi Global, BiKi and OKEx.

Why is it important to be listed on Coinbase?

Coinbase opens the doors for new coins with its worldwide user base, allowing crypto enthusiasts from all over the world to invest in them.
This also fosters a healthier and more competitive market, with more trades and daily transactions.

Most importantly, Coinbase serves as a gateway for plenty of people intrigued by the inner workings of cryptocurrency. Through its user-friendly interface
and streamlined processes, fledgeling crypto enthusiasts can easily purchase their first coin at Coinbase and start investing in digital assets.

Look forward to the bright crypto future

Exciting crypto projects are on the horizon, and before you know it, your investments might be heading to the moon with skyrocketing prizes!
With Bitcoin’s parabolic growth, all of the crypto sphere is on its way to a bullish phase.

Thank you for reading and you are welcome to share your thoughts on this topic.

Thanks,
Karl

Source: Bitcasino blog

Bitcoin Forum / Is Bitcoin 2021's future cryptocurrency?

« on: January 28, 2021, 12:20:37 PM »

Hello, everybody!

With the increasing use of cryptocurrency in daily transactions, all signs point to blockchain technology breaking into
mainstream adoption in the upcoming years. Coupled with a growth rate of over 800% in the last four years,
it’s not hard to imagine a future that sees Bitcoin in the mainstream.

Whatever your own thoughts are on the predicted future of Bitcoin, we’re here to shed some light on the topic and
bring you our predictions for Bitcoins’ expected growth, recovery, and widespread adoption.

The future of Bitcoin in 2021

A high adoption rate and increasing use of cryptocurrencies are just two factors to keep in mind when it comes to Bitcoin’s potential as a future currency. Bitcoin has now been pegged as a currency that’s paving the way for greater security when it comes to online transactions.

Not only that, but it allows for anonymity, not to mention that banking institutions and government regulations will have no jurisdiction over the coin or the transactions that are made using Bitcoin. As businesses and consumers start to prioritize their security online, so too will they prioritize a currency that facilitates it.

Investigating the future of Bitcoin and the predictions surrounding it is a good place to start. Boasting a market cap of $200 billion (followed by Ethereum’s $40 billion), if ever there was a contender for “cryptocurrency of the future”, Bitcoin would be the one to keep an eye on. The mass adoption of Bitcoin is surely on the horizon, especially with a surging increase in blockchain technology and cryptocurrencies as a whole.

Mass adoption: the key to making Bitcoin mainstream

A future that sees Bitcoin in the mainstream is only possible with the backing of major brands and businesses. Let’s take a look at some of the businesses leading the charge in the global adoption of Bitcoin.

Amazon
Having partnered with blockchain specialists Consensys, R3, and IDEO CoLab, Amazon is in the midst of integrating blockchain technology into its operations and launching its own fully managed blockchain service. Amazon’s investment in the technology is one that legitimizes the need for and future of cryptocurrency and ensures Bitcoin and other cryptocurrencies will stay top of mind for decades to come.

Walmart
Joining Amazon in bringing legitimacy to the notion of Bitcoin as a future cryptocurrency is Walmart, who has applied to patent its own crypto coin - a decision that could see mainstream adoption happening quicker than expected.

The question won’t be whether it can stand up to Bitcoin, but instead how this will serve to escalate the process of Bitcoin itself becoming a mainstream cryptocurrency, given that its reputation precedes it even in a world where Walmart is showing up to the crypto party.

Opera
There is a growing demand for VPN-driven browsers, and at the front of the queue is Opera, which accounts for roughly 3.3% of all web browser traffic – millions of users – and so the news that it is moving into crypto should also be treated as a mainstream trigger.

Recent versions of Opera have seen integrated support for Bitcoin, Ethereum, and Tron payments. Why is this relevant to the topic of Bitcoin as a future currency? Simple. It’s a response to customer demand as much as anything else, and indicative of the power that crypto is starting to have in the digital conversation.

Mastercard
Rumour has it that Mastercard has been recruiting ‘blockchain experts’, and has sought to obtain a number of different blockchain patents relating to its processes. Again, this is something that we can file under ‘mainstream acceptance’, which is good news for everyone holding their coin collection.
Some of the other mainstream adopters and industry giants using Bitcoin as a sustainable transaction method include...

Microsoft
Twitch
Virgin Galactic
Wikipedia
Burger King
AT&T
Join the ranks of Amazon, Mastercard, Opera, and others by opting to pay with BTC.

Mainstream adoption of Bitcoin in Dubai

The only thing more impressive than the backing of a major company is that of an entire government, which is exactly what Dubai is doing. Dubai’s efforts are focused on becoming “the happiest city on earth” through the achieving of three aspirations: governmental efficiency, industry creation, and international leadership. Part of this plan includes seeing Dubai become the first city fully powered by a blockchain.

Government efficiency will come from the savings that the blockchain is able to generate. Thanks to the paperless nature of the technology, the switch to blockchain could see savings of $1.5bn annually, along with a reduction in CO2 emissions and the freeing-up of some 25.1m hours of economic activity.

Dubai plans to process visa applications, bills, and license renewals on the blockchain while creating new industry opportunities in healthcare, financial services, logistics, energy supply, real estate, and retail.

The Middle East is one of the fastest-developing regions worldwide, and its integration of the blockchain is further proof that the future of cryptocurrency and the notion of Bitcoin in the mainstream is looking more promising as 2020 draws to a close.

China is backing the Bitcoin blockchain

At the heart of China’s economic growth — second only to the US in terms of Gross Domestic Product (GDP) — is technology, with crypto, blockchain, and Bitcoin rapidly forming part of daily mainstream adoption. To give an indication of how widely accepted the technology is, just last year the World Intellectual Property Organisation (WIPO) reported that China applied for and obtained more blockchain patents than any other country.

This is great news as the sheer transparency of a decentralized blockchain prevents fraud and corruption. Data on the BTC blockchain cannot be changed or altered in any way, and this is useful not only in politics but also in a range of other industries where accuracy to the minutest detail is key.

Bitcoin in 2021

Bitcoin and cryptocurrency as a whole are governed by the simple mechanics of supply and demand. When demand goes up and supply stays roughly the same, the price – or value – of an asset increases exponentially. In a nutshell, that explains why the mainstream adoption of crypto is a good thing for anybody holding their own stash.

Once the buying and selling of Bitcoin become more prevalent, with lots of new money flooding into the market, you will see the value of your own coins increase – putting you in a fantastic position. There’s that old saying in life that you should make your money work for you, and the same is true for Bitcoin!

Cheers,
Karl

Source: Bitcasino blog

Bitcoin Forum / Uncovering the mystery of lost Bitcoins

« on: January 15, 2021, 11:12:55 AM »

Hello everybody,

Just like real-world money, Bitcoins can also be lost.
But if they’re digital and have no physical entity, how is this possible? Can lost Bitcoins be retrieved?

Continue reading to find out how this happens and how you can protect yourself from losing your Bitcoins.

What are lost Bitcoins?

When Bitcoins stored in a digital or hardware wallet cannot be accessed anymore, they are considered ‘lost’. In this sense,
they are not missing but are just locked up in a wallet with no way of acquiring it.

How can Bitcoins be lost?

So how do you lose access to Bitcoin? One way is if you lose your private key. To ensure the system’s security, the network uses two keys:
private and public keys.

The public key is the address you give to others so they can send you Bitcoins. On the other hand, the private key is the address you use to
access the Bitcoins sent to you. The latter is the password that lets you use your funds for whatever purpose. It appears as a 62-character long address.

As long as no other person knows your private key, you’re the only one in control of your funds. On the other side of the coin,
if you lose your private key, no one can help you access your funds.

There are different reasons why Bitcoins are lost, and most of the time it’s either accidental or due to human error.
With the use of blockchain technology, Bitcoin fully guarantees the network’s security. All transactions uploaded in the blockchain are
immutable and once validated, there’s no way to change the data.

Bitcoin removes the need for institutions so no third party can access your precious information and control your funds.
While this sounds like utopia for some, it also comes with some drawbacks.

Since there are no banks, you are the only person in control of your funds. So if you forget your key or lose your wallet, there’s no customer service
you can call to help you. That’s why crypto people always emphasize the need for world-class security encryption when it comes to storing their funds.

Common ways Bitcoins become lost

Most Bitcoins become lost because of human error and/or mismanagement. Some forget to collect mining rewards while others
accidentally swap processing fees with the value of the transaction. No matter the reason, the fault usually lies in the owner and
not in the protocol itself. Other ways include theft and fraudulent attacks on exchange sites. But in these rare situations,
Bitcoins are not really ‘lost’ but stolen from their owners.

Below are some of the most common ways people lose access to their Bitcoins:

* Broken or lost devices
Aside from keeping Bitcoin in online wallets, they can also be stored away from the net on hard drives. In fact, this is supposedly
the safest way of storing your digital assets. However, if motherboards become fried or these devices break, then the owner loses
access to the Bitcoins stored inside and the data kept in them can no longer be retrieved.

In other cases, owners lose or change devices such as laptops and/or mobile phones and forget about the coins stored inside them.
One of the most popular lost Bitcoin incidents is James Howells’ in 2013.

After cleaning his house, he accidentally threw his hard drive into the trash along with 7,500 Bitcoins stored inside it.
Howell tried to retrieve the hard drive in the local landfill, but the law prohibited him from doing so.
Unfortunately, he never recovered his mined coins.

* Forsaken by their owners
Back when Bitcoin could still be mined using normal laptops, people minted numerous Bitcoins and just forget about them.
Only a few people knew about cryptocurrencies back then, and there was not a lot of practical use for it, so it was normal for people to buy
Bitcoins for fun and not do anything with them. These forgotten coins could be worth millions today, with Bitcoin’s current price trading at $18K.

If someone who owns cryptocurrency passes away without sharing their credentials with anyone, their Bitcoin is also lost for good.
That’s why some people recommend that crypto holders include their digital assets in their last will and testament, so their funds won’t go to waste.

* Sending funds to a wrong address
If you send your coins to the wrong public key or address, you won’t be able to retrieve them either. Since there is no personal information
attached to transactions, there’s no way to know who you accidentally sent your funds to. To make sure you’re sending your coins to the
right address, it’s best to scan the QR code rather than typing it in manually.

* Forgotten private keys and passwords
As previously mentioned, your private key is the only access point to your crypto treasure chest. And, unlike the keys to your house or car,
there’s no replacing it once it’s lost since each private key is fully unique.

How many lost Bitcoins are out there?

According to Chainalysis, an analysis firm specializing in all things related to blockchain, about 17% to 23% of all Bitcoins have
already become unrecoverable. An estimate of 2.78 million to 3.79 million BTC is forever lost to humanity. This amounts to around
300 inaccessible wallets containing anywhere between 1,000 to 10,000 Bitcoins.

But analysts predict that this number will start to drop as the technology surrounding crypto security improves. To prevent more
Bitcoins from being lost, it’s important to drive awareness about this phenomenon and discuss numerous methods on how to
strengthen existing security protocols.

Can lost Bitcoins be retrieved?

If you lose your private key, the odds of getting your lost Bitcoins back are close to impossible. However, if you lose your
Bitcoin because you misplaced a storage device, there’s still a chance of retrieving your funds. If your problem is a busted part in the device,
see if it can be fixed. Other than these possibly solvable situations, there’s no way to find lost Bitcoins once they are lost.

How to track down and find lost Bitcoins

Cases of lost coins and keys are common in the crypto world. To help these people find their lost funds, wallet hunters emerged
with a mission to find lost Bitcoins and forgotten keys. Individuals and companies work together with law enforcement agencies
and crypto holders to gather information about the possible locations of these coins.

Crypto hunters use advanced technology and hardware to accomplish this mission. Often, they’ll require any detail the owner
remembers about their private key. Then, they will run all the possible combinations which can break through the account
using a self-executing computer program.

These services usually cost anywhere between 5% and 40% of the recovered amount, though prices vary depending on who you ask.
Most wallet hunters offer a fixed price up front, while some request an additional fee once the funds are retrieved.
The success rate varies depending on the kind of service you hire and the client’s memory. Wallet Recovery Services, an online wallet
hunting company says their supercomputers can crack through 30% of all their client requests as long as they have a small piece of
helpful information about their key.

Another way of retrieving information is by hypnotherapy. Jason Miller, a hypnotist from South Carolina, uses a collection of
techniques that help people access older memories and remember important information such as their private keys or misplaced storage devices.

In exchange for his services, Miller charges 1 BTC per session and an additional 5% of the amount recovered.
He says 50% of all the inquiries he has received turned out to be successful.

Implications of lost Bitcoin

Since Bitcoin has a maximum supply of 21 million, having lost Bitcoins means that there will be fewer coins in circulation once
the maximum number has been mined. People predict all Bitcoins will be completely mined by 2140 or even earlier.
However, there’s no reason to panic since Bitcoin can be easily divided into smaller units, unlike fiat currencies.

How to prevent losing Bitcoins?

Take the extra step of securing your coins to avoid the frustration of losing your Bitcoins. Hardware wallets are the go-to
when it comes to storing your funds. For an extra layer of security, keep an offline copy of your private key,
but make sure you’re the only one who has access to it.

How about you, have you been lucky to keep all your coins?

Regards,
Karl
Bit(casino).io

Source: Bit(casino).io blog

Ethereum News & Updates / Everything you need to know about ETH 2.0

« on: December 11, 2020, 01:51:07 PM »

Greetings

In 2015, Vitalik Buterin introduced an altcoin that changed the crypto sphere: ETHEREUM.
It stands as the second most popular digital asset in the world with a unique blockchain technology that can be used to develop
smart contracts and decentralized applications.

Now five years later, Ethereum is updated, more improved and adaptable than ever.

So what exactly is this latest update?

Project Serenity: What is Ethereum 2.0?

Also called ETH2 or ‘Serenity’, Ethereum 2.0 is the latest implementation of a new technology to the current network. To ensure that
every step of this upgrade is tested and effective, it will be initiated in different phases over the next few years. The aim of this blockchain
project is to improve the current Ethereum 1.0 network, which is not scalable and efficient enough to handle huge blocks of transactions.

The first part of this project is the ‘Phase 0’, which is the layering of the current Ethereum network on a new platform called the ‘Beacon chain’.
This program will be connected to Ethereum 1.0 so all the transactions within it will run parallel to the new network.

Aside from the Beacon chain, a new way of consensus will also be implemented in Ethereum 2.0. Instead of the ‘proof of work’ mechanism,
ETH2 will now use ‘proof of stake’ to approve its transactions.

Proof-of-work vs proof-of-stake

To get transactions processed, cryptocurrencies rely on two types of consensus mechanisms: proof of work and proof of stake.
Since the blockchain doesn’t have third-party intermediaries, these two models validate the exchanges, allowing users to send and receive funds.

The proof-of-work protocol (PoW) is popularly known as ‘mining’. Currently, this consensus mechanism is how Bitcoin and Ethereum 1.0
handles transactions within the blockchain. In this process, a form of mathematical equation called ‘cryptography’ is solved in order to
execute a transaction.

However, this process takes a lot of mining effort for validators and their computers to untangle this intricate set of codes, which makes it
impossible to increase the load of transactions being processed in a short period of time. Not only does this cost time and electricity,
but the burden can fall on users who have to pay expensive fees.

Additionally, PoW is prone to centralization since only a few organizations can afford to buy ASICs, which are devices that can speed up
the process of mining digital assets.

Meanwhile, proof-of-stake (PoS) is currently becoming the latest protocol for cryptocurrencies. The idea behind PoS is for validators to
‘lock-up’ tokens in the blockchain to process transactions.

Once a user becomes a validator, they can approve transactions by signing off on them. If the transaction gets through the blockchain,
validators can receive incentives that are the same amount as their stake.

Ethereum 2.0: The Casper Protocol

Along with the Beacon chain, the Casper Protocol is another feature included in phase 0 of the ETH2. As said before, the new upgrade of
Ethereum eliminates mining and utilises the proof-of-stake protocol instead for more efficiency. This new consensus has two types:
Casper the Friendly Finality (FFG) and the Casper the Friendly Ghost: Correct by Construction (CBC).

The former will ensure that all the programs within the chain run smoothly without lagging. When new blocks are created through mining,
the FFG will be layered on top through the use of smart contracts.

On the other hand, the latter will ensure that everything runs parallel within the Beacon chain and is in-sync with the old network until the
PoS can stand on its own.

The Casper Protocol functions as a PoS mechanism where validators need to ‘stake’ their own ETH coins to become a part of the network.
Additionally, their voting power in the chain is determined by the number of stakes they have. To process a transaction, a validator must
sign off at least 32 ether coins. This means that if a person staked at least 64 ether, they have more than enough to initiate a transaction.

Advantages of staking

* It’s environment-friendly

Unlike mining, proof-of-stake doesn’t use huge amounts of energy and effort just to execute transactions. This creates a more sustainable
process that can benefit the users and the environment. In PoW, miners use a device called ASICs that need to run on large energy consumption
to solve the algorithm in the blockchain. Meanwhile, PoS only relies on regular computers to process transactions.

* It’s more decentralized compared to PoW

When it comes to a ‘decentralized’ consensus mechanism, the PoS creates a more decentralized ecosystem for every validator present in the
chain than PoW. This is because it eliminates mining, where ASICs can be used to speed up the process of transactions. The problem in ASICs is that
it can potentially create centralized mining in the chain because only a few people can afford to buy this high powered device.
People who cannot buy ASICs will be left on the disadvantaged side of the mining pool.

* It has a ‘slashing’ feature

On top of the rewards concept of the Casper, it also has a ‘slashing’ feature that serves as a form of punishment for validators who misbehave.
The gravity of the punishment depends on the situation. Essentially, ‘slashing’ means that a part of the validator’s stake will be removed
from the network. This enforces discipline among validators who want to do unscrupulous acts in the chain.

* It’s safer than PoW

When it comes to safety, the PoS is more secure than the PoW because the validators are selected randomly by an algorithm.
This means that coordinated attacks within the chain are impossible because the validators cannot choose to ‘vote’ when it’s not their turn.
Additionally, if ever someone tries to breach the chain, they would need to convince the majority of validators within the network. However,
with the possibility of 32 ETH getting slashed from their accounts, it’s impossible to initiate an attack in the system.

* It’s more scalable

The ETH2 features a concept called ‘sharding’ which means that the entire Ethereum network will be split or ‘sharded’ into different sections.
These ‘shards’ stand as an individual blockchain linked to the Beacon chain. Within these shards, different transactions are processed,
creating a more seamless flow of information and accounts within the network.

Disadvantage of Staking

* It can also lead to centralization when not checked

While it’s impossible to hoard all the transactions in the chain, validators with more stakes can execute rules on the network such as
cancelling transactions and creating new guidelines. While this won’t generate any profits, it’s still likely to happen and create disadvantages
for users and other stakeholders.

PoS vs PoW: Which one is better?

There have been a lot of debates about the functionality of both mechanisms over the years. However, the nature of each protocol’s issues
come from different perspectives, depending on what aspect of the consensus is being discussed.

Both protocols have their own pros and cons. When it comes to the Ethereum update, the world has yet to see what changes the proof-of-stake
can implement. At the moment, people in the crypto sphere will have to wait to see if these changes will live up to Ethereum’s promise.

Ethereum 2.0 is still on its infant phase, meaning it’s too early to say whether this update is for the better. Only time will tell if the changes
applied can deliver the decentralized promise of Vitalik Buterin. In the meantime, it's an indisputable fact that Ethereum is an altcoin that
can help revolutionize the finance industry and welcome the age of digital assets in the future.

What do you think about the future of ETH?

Your comments and thoughts are much appreciated.

Thanks,
Karl

Source: https://bitcasino.io/blog/cryptocurrency/how-to-stake-ethereum

[source added]

Articles about Cryptocurrency / Crypto in Asia: Top developments for 2021

« on: December 09, 2020, 02:17:30 PM »

Hello, crypto fans

When it comes to taking the lead in cryptocurrency development and adoption, no region does it better than Asia. Ever since the creation of Bitcoin, developed Asian countries such as Japan and South Korea have placed their bets in the crypto market and now, their decisions are paying off.

2020 has been catastrophic for nearly all sectors of the economy but one that has continued to perform impressively is the cryptocurrency industry. Breaching the US$15,000 mark, Bitcoin has been bullish since its historic drop on March 12, 2020, now known as ‘Black Friday’. It hasn’t stopped climbing the chart since it dropped to nearly US$3,000 in the first quarter of 2020.

Asian countries have played a major role in this advancement with the majority of exchange sites processing crypto transactions based in the world’s far eastern region. Governments also played an active role in regulating digital assets, making them safe and secure before their citizens can utilize them. But the biggest group to join the crypto craze are institutional investors and even banks such as Singapore’s DBS Bank.

Now that the year is closing, it’s time to look back at the biggest crypto developments that occured in Asia and anticipate what’s next for 2021.

Asia-Pacific: Biggest adopters of crypto technology

When it comes to technological innovation, development and early adoption, the Asia Pacific stands out among the rest. Even before the 2017 crypto boom, a lot of people from Japan and South Korea have already been involved in the crypto craze and in 2018, both countries led the pack in global trading.

Japan: First in line

In Japan, cryptocurrency exchanges such as bitFlyer and Bitfinex are registered as financial service institutions, officially recognized by the government and widely trusted by the people. Mt. Gox, once the world’s largest and leading bitcoin exchange, was founded just a year after Bitcoin’s inception. The Shibuya-based exchange site handled over 70% of all Bitcoin transactions in 2013 and 2014 until it announced bankruptcy in 2014 after the majority of its Bitcoin were reportedly stolen.

Since then, different local exchange sites have been founded in Japan including Okcoin Bitbank, Bitpoint Japan and Huobi Japan. Other notable exchange sites include Bitfinex and bitFlyer. Though based in Hongkong, Bitfinex is one of the most used sites in Japan with its advanced trading platform. Founded in 2012, it strongly remains one of the most trusted exchange sites not just in Japan but the world. Founded in 2014, BitFlyer is currently the country’s biggest Bitcoin broker and exchange site. Today, over 3.5 million Japanese are utilizing crypto trading, making up a large portion of the world’s crypto community.

China: Bitcoin Mining giant

In terms of mining, China leads the competition even though it has had a rocky relationship with cryptocurrencies in terms of regulations and trading. According to a report published by the Beijing Arbitration Commission (BAC), there are currently no laws recognizing Bitcoin as currency or virtual property that’s why it cannot be used in completing transactions where it is used as currency. But if it is used otherwise, as a general property for example, the transaction is legal.

While trading cryptocurrencies in China is banned, mining certainly isn’t. It has long been a profitable business in China because of the cheap electrical costs making it a mining haven for miners. Most crypto hubs are located in Yunnan, Xinjiang and Sichuan provinces in China which accounts for 70% of the total mining power done for Bitcoin.

Korea: Quick and smart adoption

When it comes to quick institutional adoption, no one does it better than Korea. Private corporations are quick to recognize the advantages brought by cryptocurrencies. Big telecommunication companies such as Kakao have integrated crypto in their services, allowing millions of their users to complete transactions using cryptocurrency.

Even mobile applications such as the country’s widely used hotel booking platform, Yeogi Eottae, is working with exchange sites so their clients can utilize their services with crypto.

Recent developments

The world is witnessing a massive cryptocurrency adoption in today’s unforeseen landscape. With trusted institutions backing Bitcoin and blockchain technology, it’s clear that cryptocurrency is here to stay.

Different companies, banks and governments in Asia are starting to realize the potential of cryptocurrencies and the technology that comes with them, spurring developments, regulations and bills to make them available for the mass majority of people. Here’s some of the latest news and developments happening in the Asian crypto space.

Singapore’s largest bank plans to launch DBS Digital Exchange

As private companies welcome and move forward with cryptocurrencies, so do banks in progressive countries such as Singapore. The developed Southeast Asian country is quick to follow the footsteps of Japan and South Korea in terms of cryptocurrency adoption.
Recently, DBS, the country’s largest bank, announced that it will launch Singapore’s first bank-backed digital exchange. Known as the DBS Digital Exchange, the platform will allow trading and exchanges of top crypto coins including Bitcoin (BTC), Ether (ETH), Ripple (XRP) and Bitcoin Cash (BTCH) with fiat currencies including Singapore dollar, US dollar, Hong Kong dollar and Japanese yen.

It will be directed by the Monetary Authority of Singapore (MAS) with the aim to create an ecosystem of payment solutions that is beneficial to private markets. Analysts view this as an opportunity to boost institutional adoption and since the site is backed by a bank, it will reach a wide user base.

Singapore is a robust tech-focused country that is steadfast in its dedication to developing blockchain technology and incorporating crypto into the mainstream. Strict regulations for exchange sites protect users and their funds from fraudulent operations. But lawmakers didn’t have an iron fist when it came to regulations. Big-time exchange sites from other countries such as Binance and Coinbase were given temporary exemptions from holding licences so their users can still use their trading services. This strict yet flexible approach makes Singapore the perfect country for blockchain and crypto innovation.

Blockchain development hub

Singapore is also a haven for new blockchain companies and those who want to launch their own ICO. In 2018, the Southeast Asian country is ranked second as the most popular country for ICOs and currently, almost 240 companies on blockchain technology are based in Singapore.

Crypto in Southeast Asia

Philippine lawmaker pushes for blockchain development in the country

Singapore may be the leading Southeast Asian country when it comes to technological advancements, but its ASEAN neighbours are quick to adapt. Just recently, a Philippine lawmaker proposed a bill that will make blockchain development a priority in the country’s technological and financial industries.

In October, Albay Rep. Joey Salceda introduced House Bill (HB) 7864 or the Blockchain Technology Development Act to the House of Representatives, saying that blockchain technology can be used by public and private sectors to provide cheaper and more secure services. He mentioned that it is a perfect tool for national programs, adding that ‘Blockchain can be applied across so many areas in both the public and private sectors.’ Salceda adds that the country has an untapped market of consumers and labour force that can be trained to become skilled workers in the field. ‘I want us to grab the opportunity to be a hub for this development.’

Before the Blockchain Technology Development Act, there hasn’t been any concrete action from the Philippine government when it comes to cryptocurrency regulations and laws on blockchain technology.

Malaysia approves crypto exchange sites and traffic increases dramatically

Amidst a country-wide lockdown during the second quarter of the year, Malaysian crypto exchange sites have reported a dramatic increase in traffic. Since the country’s Securities Commission has given full approval to four crypto exchange sites to legally operate, interest in cryptocurrencies have skyrocketed.

The increasing number of new member registrations can be attributed partly to the coronavirus situation as well. Since the WHO announced COVID-19 as a pandemic, governments have put their nations in lockdown, causing businesses to halt, stock markets to drop and economies to tank. This gave people an opportunity to think of alternative investments that wouldn't rely on centralization. And with active approval from the authorities, this optimistic attitude from the public can bring forth a profit-generating crypto industry.

India’s crypto industry flourishes after the two-year ban on crypto exchanges just last March 2020

In South Asia, things are looking brighter as the Indian government recently lifted the ban on cryptocurrency. The Supreme Court has finally removed the two-year ban on cryptocurrency exchanges in March 2020, spurring a rebirth in the Indian crypto market.

Apifiny, a New York-based cryptocurrency liquidity and solutions provider, reported that global exchanges noted a five to 10 times increase in traffic coming from Indian users. Meanwhile, local exchange sites reported a dramatic increase in new registrations in 2020, a record 2.5 times higher than the global average.

These numbers can only mean that India has a large number of crypto enthusiasts, making it a conducive space for development and further advancement. While regulations remain unclear, institutions are joining in on the Indian crypto market by investing in large quantities and integrating crypto trading in their services.

Last July saw the beginning of Quartz Smart Solution, a financial institution that offers crypto trading services launched by an Indian multinational information technology and consulting firm, Tata Consultancy Services. With their large customer base, this institutional adoption can bring more big-time players to adopt crypto and invest the way Singapore’s DBS has.

Asia continues to lead the world’s crypto revolution heading into 2021

Though China keeps a tight leash on cryptocurrency to protect their native currency, other Asian countries such as Japan and South Korea have managed to foster a conducive environment for crypto-related business all the while regulating their activities.

But even with China’s efforts, national interest in cryptocurrencies hasn’t stopped. Bitcoin mining remains strong and China-based exchange sites managed to remain afloat by escaping to more crypto-friendly countries such as Singapore.

This only proves that with the right mix of government regulation and public participation, cryptocurrency can bring forth a new era of development. Asian governments that are bullish toward crypto and the technology can look forward to a bright future. With the advancement of financial technology comes the next world-changing revolution.

You are welcome to share your thoughts.

Thanks,
Karl

Bitcoin Forum / Can Bitcoin be considered the “gold” of crypto investment?

« on: November 24, 2020, 12:00:01 PM »

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio. As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up: is investing in Bitcoin as good as investing as gold?

Just a little while ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin: that it “could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.”

Why Druckenmiller’s views matter

His views were the inspiration for this article! Druckenmiller is a notable figure in the global financial industry due to his 30+ years of experience in financial management. For a self-declared “dinosaur” who owns a ton of gold, mentioning that he now owns some Bitcoin sure is something, especially for many who strongly believe in the cryptocurrency.

In addition, Druckenmiller publicly recognizing that “Bitcoin is an “asset class” with a potentially strong investment case for some investor groups” (as shared by Coindesk) makes it a “worthy validation”. What’s perhaps significant is how Druckenmiller’s views came right after Bitcoin’s correlation with gold hit an all-time high.

Bitcoin & gold’s all-time high correlation

Coin Telegraph found that Bitcoin and gold “reached a record high of 68% as Bitcoin hit US$12,000” in early August 2020, though this “correlation crashed by 20% the following week”.

Despite this, some say that Bitcoin could become digital gold due to the current pandemic’s uncertainty as investors veer towards assets that store value, i.e. Bitcoin and gold.

In fact, on the morning that this blog post was written (November 18, 2020), BBC reported that Bitcoin hit a three-year high of US$18,000/€15,000 as a result of this: investors “flocking to cryptocurrencies during the pandemic-driven volatility on global stock markets”.

Bitcoin and gold

Is having Bitcoin as good as having gold in your investment portfolio? While the debate goes on out there, there are valid comparisons between Bitcoin and gold as investments.

Rarity
The total supply of Bitcoin is 21 million, all of which will come into circulation by 2140 due to Bitcoin halving. Similarly, with gold, no one knows when all of it will be mined from the earth. In fact, there may even be gold being mined from an asteroid in the near future as the US Money Reserve has reported!

Exchange for money
Bitcoin and gold can both be exchanged for fiat currency, and vice versa. What’s interesting is that while Bitcoin acts as a currency as you can use it as a form of payment, the same can’t be said for gold. Gold itself can’t be used as a form of payment.

Baseline value
Both gold and Bitcoin have tremendous baseline values due to the way that they are used. Gold has been used in many ways throughout history, while Bitcoin brought a new focus to blockchain technology and is enabling global financial inclusion.

Transparency and safety
With Gold’s established trading system, it’s difficult to steal it and to pass off any imitations. Hence, its transparency as it’s difficult to corrupt. Likewise, Bitcoin is difficult to corrupt because of its decentralized system that’s encrypted. While both are transparent, gold is deemed safer than Bitcoin as Bitcoin’s infrastructure to ensure safety is not yet fully in place.

Volatility
Fox Business states that “gold is considered a safe haven because it has acted as a store of value, maintaining its purchasing power for thousands of years”. Bitcoin, on the other hand, is known for its ‘wild’ volatility with its recent high of US$18,000 on November 18 and hovering around US$4,000 1.5 years ago.

Can Bitcoin be considered the “gold” of crypto investment?

While many do indeed see Bitcoin as a safe haven like gold, and Druckenmiller himself recognizing that Bitcoin can be an asset class, others such as Shane Oliver (head of investment strategy and chief economist, AMP Capital) and Marie Tatibouet (CMO, Gate IO) are cautioning against this perspective. The reasons? Volatility, liquidity and rate of adoption. Still, this hasn’t stopped crypto enthusiasts from believing it could be.

Bitcoin vs Gold, what is a better investment in your opinion?

Thanks,
Karl
Bitcasino.io

Cryptocurrency discussions / Will central banks create their own digital currencies?

« on: November 17, 2020, 12:40:57 PM »

In the past 11 years since the birth of Bitcoin, cryptocurrencies have gained immense momentum and popularity as they are decentralized and are rather free from regulation. This makes them a threat to central banks - defined on Investopedia as “a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations”.

As central banks are unable to control the influence and growth of cryptocurrencies, the latest buzz revolves around them wanting to create their own digital currencies or cryptocurrencies. While some governments are contemplating about it, others have gone ahead to start working on it.

What is CBDC?

A central bank digital currency, or CBDC, is said to represent a country or a region’s official fiat currency in a digital form, through the use of digital tokens and blockchain technology. Whereas cryptocurrencies like Bitcoin and Ethereum are decentralized, a CBDC is centralized. This means that a country or region’s monetary institution will be regulating it.

Interestingly enough, according to the bank for International Settlements (BIS), the idea of CBDCs has been around before Bitcoin even started.
We’re talking more than 20 years!

Why do central banks want to create CBDCs?

The main reason is financial inclusion for everyone, especially those who are unbanked, such as those who live in rural areas who are unable to access banks or ATMs. CBDCs can be made available to anyone with a smartphone - similar to the availability of cryptocurrencies.

Another factor to look at for why central banks want to create their own digital currency is Facebook and its Libra token. While the Libra token isn’t released yet, Facebook’s announcement sent shockwaves amongst policy makers as they have 2.6 billion active users - all of whom could become Libra users. Compared to Bitcoin’s global adoption rate of less than 5%, the volume of Facebook’s user base sure is something that could create a big shift.

Opportunities and risks of CBDCs

With multiple countries around the world either contemplating or working on CBDCs, there have been various discussions about the opportunities and risks that it brings. The BIS recently worked with 7 major central banks around the world to create a report that outline the foundational principles and core features of CBDCs. The report was released on October 9, 2020.

In their summary presentation video on YouTube, the BIS shared the following key opportunities and risks of CBDCs:

CBDC VS Cryptocurrency

And just so you know, while the concept of CBDC may sound similar to cryptocurrency because they are both digital assets, CBDC actually goes against what cryptocurrency is all about.

* Centralized VS decentralized
CBDC is centralized while cryptocurrency is decentralized. CBDC will be regulated by a country or region’s monetary institution, also known as one central network. Cryptocurrency, on the other hand, is controlled by the many distributed nodes who gain rewards for maintaining the network.

* Privacy
Blockchain News shared that CBDC is said to possibly be less respectful of your privacy and data because “central banks are infused to regulatory bodies”. Compared to crypto where it’s peer-to-peer and you get to decide how much information you want to share, this is certainly something to consider as you don’t want to become a target for financial criminals.

* Security
While there are weaknesses in the blockchain, cryptocurrency has somewhat managed security concerns. CBDCs “are likely to be cyber-attacked by rival states who now have to contend with one centralized point of failure for financially motivated hackers to attack”, as reported by Blockchain News.

So… will central banks create their own digital currencies?

Right now, it seems like things are up in the air. Benoît Cœuré, Head of BIS Innovation Hub, has shared that while creating a CBDC is not decided yet, the report they did with the 7 major central banks -“Central bank digital currencies: foundational principles and core features” - is a major step forward.

Any CBDCs that are launched will be expected to keep to:

1. “Do no harm” - CBDCs should deliver monetary and financial stability and not hamper central banks in delivering on their mandates.
2. Co-exist with cash, bank notes and other types of money to enable a diverse, innovative and flexible financial ecosystem.
3. Encourage innovation and efficiency, including actively involving the private sector.

BIS and the world’s major central banks want to build on the excitement and commitment that is being seen around CBDCs right now. However, it has been noted that many policy dimensions and foundations need to be explored further before central banks release any CBDCs.

What are your thoughts about the central banks’ digital currency? Will it be a threat to Bitcoin or could it give Bitcoin a boost?

Regards,
Karl

Bitcoin Forum / Can Bitcoin be boosted by DeFi?

« on: October 28, 2020, 11:16:26 AM »

Hi everybody

Commonly known as “DeFi”, decentralized finance has become a rather hot topic in the cryptocurrency world this year. Having financial services move to a decentralized platform is seen by many to be an exceptional cryptocurrency use case, especially for Ethereum.

Recently, Cointelegraph reported that more than US$1 in Bitcoins (BTC), almost 100,000 BTC, has now been tokenized for DeFi on the Ethereum network. This is said to be equal to DeFi’s entire total value locked (TVL) less than four months ago this year.

With the rise of DeFi, this brings us to ask: is it really benefiting Bitcoin? Let’s start by taking a look at what DeFi is.

What is DeFi - decentralized finance?

Previously known as “open finance”, DeFi is said to be inspired by blockchain’s own decentralization - where no person or authority is able to control it; instead, transactions are verified by a network of computers.

DeFi, similar to blockchain, cuts out the middlemen from financial transactions, allowing for advantages such as faster transaction speeds and lower fees. It leverages on blockchain to expand its use, allowing more complex financial use cases to happen rather than just a simple value transfer. In fact, most of it is even built on top of Ethereum (ETH) - the second-largest cryptocurrency platform after Bitcoin.

Why the Ethereum network? Because of the ease of building different types of decentralized applications (dApps) that go beyond simple transactions - something which Vitalik Buterin, the creator of Ethereum, already highlighted in the original Ethereum white paper published in 2013.

How Bitcoin can be boosted by DeFi

Since May 2020, Bitcoin’s price has been hovering around the range of US$8,500 to US$10,000+. DeFi tokens, on the other hand, has surpassed Bitcoin massively, as seen on CoinMarketCap - many of the best performing cryptocurrencies seem to be DeFi-focused.

What’s interesting to note is that the more DeFi tokens gain upward momentum, the more Bitcoin could possibly be boosted when DeFi undergoes a correction; which could happen with Ethereum 2.0 that will look at the scalability of the Ethereum platform.

Kelvin Koh, a partner at Spartan Group - an advisory firm and crypto fund, supports this. In a tweet he shared on June 9, 2020, he observed that there will be a point in time when the valuations of “smaller altcoins (esp DeFi ones)” begin to “look frothy”, and that’s when “capital will flow back” to BTC.

A pseudonymous Bitcoin trader also supports this. They predicted that when the DeFi bubble “comes crashing down”, one can expect to see Bitcoin getting a small boost.

DeFi tokens, Altcoins and Bitcoin

Both observations above take into account the fact that altcoins trade against BTC, ETH or other stable coins, rather than fiat currencies. Therefore, should traders want to manifest their altcoin profits, they’ll have to acquire Bitcoin, Ethereum or a stable coin.

As of the first week of October 2020, the current total market cap of DeFi tokens already stands at US$15.1 billion, according to DeFi Market Cap.
Should these DeFi tokens retrace, even by just a little bit, this could mean more than just “a small pump” (as the pseudonymous Bitcoin trader says) of money going into Bitcoin and Ethereum. Yes, we’re talking millions of dollars here!

Bitcoin tokenization

Indeed, it has been reported more than US$1 billion in Bitcoin, or almost 100,000 BTC, has now been tokenized for DeFi.
What makes this even more buzzworthy is that more than half of this was migrated in a 30-day period from mid-August to mid-September 2020. Furthermore, DeFi Pulse has found that these BTC were tokenized with the use of other protocols rather than the Lightning Network that was created to enable faster BTC transactions.

Bitcoin and WBTC

A large majority of BTC that’s been tokenized on DeFi and locked in the Ethereum network is in the form of Wrapped Bitcoins (WBTC). Data analysis provider Skew, a data analysis provider, has found that the total value of BTC in WBTC was US$353 million as of August 28, 2020.

So… is DeFi benefiting Bitcoin?

For now, it seems so, especially with the trend of DeFi rising since the middle of 2020. But as they say... who knows what the future holds? With Forbes observing that DeFi’s sustainability remains to be seen, it may be possible that Bitcoin will not benefit from DeFi in time to come. We’ll have to wait and see what Ethereum 2.0 has in store for DeFi and subsequently, how it may benefit Bitcoin.

You are welcome to share your thoughts.

Thanks

Karl

Cryptocurrency discussions / Meet Wibx Coin: Brazil’s 1st cryptocurrency

« on: October 27, 2020, 01:56:19 PM »

Hey guys

What do you know about Wibx cryptocurrency? Not much, well let's fix it.

In 2019, a team of Brazilian developers introduced a Wibx coin that drastically changed
the advertising industry by enabling a more open customer engagement between users and
the brands they support. Through this coin, customers can receive tokens to buy the
products they helped advertise.

It is not your typical cryptocurrency. Powered by the WiBOO platform, this coin has the
power to revolutionize the advertising industry as we know it. As the world transitions into
the digital realm, everything we post on social media generates traffic that can be
monetized. The WiBOO platform is an ecosystem where people can be incentivized for
sharing advertisements for various brands.

How wonderful would it be to be rewarded for your loyalty and support?
Through this innovative creation, everyone in social media can become digital influencers.

WiBOO goes by the“shared, received, purchased, exchanged” concept. Every time a
consumer shares a marketing campaign of a certain brand, they will get rewarded with a
Wibx coin that they can use to purchase items and services. They can also convert this
currency into fiat money or other cryptocurrencies.

The introduction of Wibx solves the lack of transparency, expensive fees, and scale
expenses that incur billions of dollars from advertising companies. Through harnessing the
power of social media and the digital presence of users, these can be eliminated to create a
flexible market where everyone can benefit and participate.

WIBX: How does it work?

The WiBOO ecosystem’s native coin is the Wibx. Through this coin, transactions can be
seamlessly exchanged between consumers and brands inside the network. This amazing
digital currency has stellar features. Powered by blockchain technology and artificial
intelligence, the Wibx can be utilised for other marketing purposes such as sales activation,
customer loyalty, and launching campaigns.

The Wibx is also a decentralized application (Dapps) powered by Ethereum and Hyperledger
Fabric. Because of its hybrid nature, the coin can also be used to execute smart contracts
and other digital transactions within the WiBOO network. Additionally, the Wibx coin runs on
Blockchain Handler (BCH) which ensures a smooth and synchronized exchange between the
two blockchains.

Just like any other digital currency, the Wibx can be used by retailers to receive and send
payments. Currently, Wibx has a market capitalization of 65,521,319.21 WBX. The accumulated
amount of WBX in the market is 11,751,286,309 WBX. It can process a whopping 2,000
transactions per second!

However, unlike other cryptos, Wibx can only be utilised on services and products that are available
within the WiBOO system. Aside from its amazing features, the Wibx crypto can also be used for the following:

* Prizes
* Discounts
* Gift vouchers
* Wallet access
* Lease investment

Since it’s created on top of the blockchain, Wibx can perform with unprecedented efficiency
and foolproof transparency. Additionally, since it’s powered by decentralized technology, all
transactions happening within the ledger are accessible to anyone. It’s also safe and
tamper-free because it is protected by an amalgamation of hashes and codes that cannot be untangled.

Inside the WiBOO Ecosystem

The WiBOO ecosystem believes in inclusion and a decentralized space where both consumers
and brands can thrive.

According to the Wibx whitepaper, the WiBOO network aims to become a multi-functional
commerce hub that runs on blockchain technology where businesses and users can do
various types of transactions to improve their brand and user experience.

The WiBOO platform is made up of brands and consumers. These two groups play a major
role in executing transactions within the network. The brands consist of companies, retail
groups, shopping centres, and self-employed individuals.

Wibx coin: A digital leap of faith

Despite its young market, Wibx has already caused significant changes and improvements
in Brazil’s economy. This coin still has a long way to go before it can prove itself in the market,
but right now, it's showing signs that it can be the answer to the country’s current economic fragility.

If you have some comments about the Wibx, feel free to reply on this thread.

Thanks,
Karl

Cryptocurrency discussions / Altcoin questionnaire: 5 questions for you to answer

« on: September 10, 2020, 01:42:28 PM »

Hello altcoin fans,

Would you like to shine and share your knowledge, experiences and suggestions? Here’s your chance.

Please take your time and answer below questions and let us and other users know how have altcoins impacted your life.

1. Which altcoins do you currently have?
2. Why have you chosen those?
3. Do you use altcoins on daily/weekly/monthly basis and if so, for what kind of transactions?
4. Have altcoins changed your life somehow?
5. What do you think is the future of altcoins? Will they challenge Bitcoin?

Thanks,
Karl
Bitcasino.io