Just when you thought the fallout from Samourai Wallet's demise couldn't get any worse, here we are again with news from last night that apparently, Phoenix Wallet is planning to cut off all their US app users.



Phoenix Wallet is not just a Bitcoin Wallet, it is also a Lightning Wallet, and that is a big problem since Phoenix Wallet opens the channels for you, which also means that those channels are soon going to be cut (or in Lightning Network jargon "closed").

I don't know why US government are just clamping on Bitcoin a d it's users, was it because they are unable to regulate the whole idea behind a decentralized network or this is just an internal issues they have developed with Phoenix wallet team or developers, honestly we can't keep on seeing the way attacks upon attacks like this will continue till we have nothing left to enjoy about the use of bitcoin, just as the had on mixers, do they want us not to achieve our main goals with bitcoin by coming in different dimensions for attacks on bitcoin users.

What if the early stage of this halving would be similar to ETF approval.

We cannot predict neither concluded yet since the market is known by itself to be a very volatile one especially after the halving, it can happened that we had a similar experience like that of the bitcoin spot ETF whereby the market plummet after the approval to later rises more higher, let's see if the same experience get unfolds in this one as well, even though the chances for that is 50 by 50 why I said so is that it may tarried before the market rises to another new al time high, except if reverse is the case, this month of May will reveal everything to us

1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?

We should by now know that any government implementation or approval will take a little process before they make conclusion on such, they will have to consider some factors and give enough time to think and reason along the implication of such if approved, so don't think they will be that hasty in making approval this year.

2. Do you think there will almost be the same story here...just like what happened with the Bitcoin ETF...where a court case was necessary to compel SEC for the eventual approval?

I don't think so, we cannot compare the conditions involved during that of bitcoin spot ETF approval to that of the request for Ethereum.

Has anyone in use of (btccxxc) or have any idea about that wallet?

Am hearing of this kind of wallet for the first time and i don't think its safe for you to make use of what other people are yet to get familiar with using it, there are many other well recognized bitcoin and crypto wallets we can select for use and not necessary that we make use of any low reputed one, also using a custodial wallet is not safe for use, we can loose our asset on such at any time without alternative to recovering them.

My roommate just got hired for some webwork from what I think is an upcoming crypto and I want to get in early, but I am not used to doing research on new companies, and I think the forum is blocking my post when asking about the company by name, so that is not going to work. How do I start on the basic research on a company like that to see if I should invest?

 

We need to know how we can make research in cryptocurrency before we could venture into any, if we don't know the basis for doing that, then there are means in which we can adopt and use to make sure that we have an idea on what we are going in for, we have online learning materials, articles and this forum as well could serve as a means of learning, we also need time and the ability to endure taking risk and managing it before investing it.

As long as you're not making any mistake, you may need not to frequently check on your crypto wallet, except if you're into trading, there nothing that is going to take away your asset from you in as much that you have not rendered your wallet keys and security on a third party, it is also important that we understand why we need to make use of a non custodial wallet to hold our crypto asset.

Quote from: Rubel007 on April 20, 2024, 06:51:53 AM

Quote from: Aanuoluwatofunmi on April 19, 2024, 08:01:06 AM

If everyone who has been into cryptocurrency for a while now, be asked the question on what impact it has caused on their lives, i believed many of us will have much to say, if we are going to only consider the aspect of financial freedom and liberty it has offered to everyone, whereby we are no longer being attached to government controlled and centralized system of banking, every is free to make use of his financial standings as he wishes without taking permission from anyone, this alone a a major achievement.

Although we cannot use crypto independently due to the negative attitude of governments, we have found a reliable medium that will be supported by everyone, maybe not today but tomorrow. Not everyone who uses crypto has changed their life, but if someone takes the initiative to change his life by using it, it is not bad. Crypto has brought about a major change in the financial system. We could never have imagined that we would be free in the traditional banking system but crypto has created that medium. Transactions made using SWIFT are time-consuming and expensive, but in the financial system crypto is able to resource these tasks without any third party.

Crypto in carrying out transactions is better than banks, because digital currency is all technological progress. We get many conveniences by using crypto in transactions, even though the country does not yet allow it as a payment method. To be honest, crypto has increased my income, by getting profits that I can use to meet my needs and also buy assets

we have realized tremendous changes with the use of bitcoin and from the way it has helped many lives improved from their financial circumstance, we cannot compare bitcoin to how we have been using fiat and the commercial banks, the difference are clear, we truly want a digital decentralized network which will offer us the privacy we want and the financial freedom we have also wanted to achieved in the economy.