This is so bizarre 

Sec account on twitter was hacked, SEC posted a tweet claiming that the regulator had approved spot Bitcoin, but 15 minutes later it turned out to be false.

I think SEC never had similar problems or such a pressure to approve an ETF before!


https://twitter.com/GaryGensler/status/1744833049064288387

Quote from: Zed0X on January 08, 2024, 02:52:11 PM

Quote from: bitbit97 on January 08, 2024, 11:04:14 AM

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Cant agree with that. Look at BNB. Lots of projects are based on BSC blockchain, we have BSC dex, NFTs, BNB has its price pumps and changes, and transaction fee is always "not more than few cents". No matter what situation is on the market.

I have observed different blockchain fees for ages.

Piggybacking on what bitmover said that it's centralized.

I have observed a lot. Maybe I have done wrong conclusions, but as a regular guy I see that what once was cheap, now is expensive, and what was cheap still remained cheap. I am not much of a tech guy, just a regular user, customer, whos priority is final price. I dont care much about layers, centralized or decentralized. Crypto has turned into speculative asset and the is what matters.

If crypto was a car, I dont care if it is white, yellow, sedan or coupe. Getting from point A to point B for lower prices with enough comfort is what I want. Having ventilated seats with nappa leather on it, and leather dashboard panel. It is something I get excited first day I've bought car. With daily usage that wont be noticeable at all.

Well, if you just need fast and free transactions, you can jut use Visa. No need to use cryptocurrencies.

You can even get 1% back when you make a purchase using Visa. Visa is amazing.

Bitcoin is not relevant to make transactions free or fast. Visa does that very well, and that is not the goal of bitcoin.
Bitcoin exists so you can send money anywhere in the world, without asking permission, without anyone controlling it. Censorship resistant. No one can censor your transaction, it will get confirmed.

You can't say that about BNB, or about Visa.

The other ALT coins specially the XRP and also the Dogecoin because these two coins future is very good and in future one of these coins touches the $50,000 and the holders of these both coins can make the good money. Crypto is the world best market which make so many peoples life change.

Those coins (XRP and Doge) have different goals compared to ethereum.

Ethereum is focused in smartcontracts, it was launched to be a world computer. On the other hand, doge is simple a money transfer blockchain and XRP wants to be the next SWIFT.

Competitors are now Solana and BNB. It will be fun to see how things will go on throught the years come. BNB have more advantage in come close with price value when Solana new things is create their wallets and gain many community members and investors. In next 2 years i do not see Ethereum get pass in price by these two.

It is sad to think that bnb is an ethereum competitor

BNB is totally centralized and a copycat of ethereum. No innovation and full centralization...

Ethereum should be much more than that.

There is huge innovation in ethereum. Even the PoS algorithm is something that was never implemented in such a huge scale before

Binance just copied it all an centralized it to make money

Cant agree with that. Look at BNB. Lots of projects are based on BSC blockchain, we have BSC dex, NFTs, BNB has its price pumps and changes, and transaction fee is always "not more than few cents". No matter what situation is on the market.

I have observed different blockchain fees for ages. We used to pay cents for Ethereum transaction, now it cost dollars to send. We used to pay cents for Bitcoin transaction, now it also cost dollars. BSC or Polygon blockchains for example keep on staying cheap.

Polygon is a second layer of ethereum blockchain. You can't compare fees there to fees on chain.

BSC is as centralized as visa. Ofc it's cheap...

Bitcoin isn't relevant because fees are cheap or fast. It is relevant because it is decentralized,  borderless,  permitionless.
Bsc isn't any of these.

I find it hard to understand Bitcoin fees. This morning saw +50sat/byte fees in mempool. Thought that I am not in hurry, set 30sat/byte and prepared to wait for few days for confirmation. Got confirmed in less than two hours. If I knew it would be so quick, I would have decreased transaction cost...

You wouldn't get a confirmation probably.  There are lots of 30 sat byte tx to get confirmed, about 250.000

Atualização.

Após algumas pesquisas, criei uma conta na Foxbit para evitar ser cobrado 15% de impostos, e aproveitar a isenção de 35k mensais enquanto ela ainda existe (não sei se por muito tempo).

Se voce não verificar a conta, você não pode depositar cripto. O processo é meio chatinho, pede até uma filmagem, e não funcionou no meu desktop (apenas no celular).
Mas a conta  foi verificada e consegui fazer meu primeiro depósito pequeno para testar a plataforma.

I think this is the problem where we celebrate that we have returned to 40 Sat/vb and that you can broadcast a transaction for about 30 Sat/vb, which are all wrong things to deal with it as the normal fees are 1 Sat/vb up to 30 Sat/vb, while 40 was very high.

Generally up to 40 Sat/vb will take up some time to stable as the average block time is ~10.8 minutes which means we will see lower fees after ~January 22.

Things are slowing getting better.... I think there are too many transactions at range 20-30 sat/vbyte.

just got this from mempool.space. 250,000 transactions in the fee range 1-30 to get confirmed!

https://mempool.space/mempool-block/7