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Sykkuno

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Everything posted by Sykkuno

  1. It was not understood why you think Ethereum is an idealist coin, something that as a term doesn't exist and since there is price and speculation on this asset there is no idealism involved but speculation, trading and investments, haven't the Ethereum devs made money by selling their Ethereum how can this be idealist, it would have been if the devs made nothing from it and it was beyond any speculation.
  2. Do we need each compay to have their own coin and why would this be required, one coin or maybe a few that would be accepted universally won't it be better, instead there would be many problems with having to use one company coin or token and been left behind with some coins as change that we will not be able to use anywhere else unless we buy something again from the same company.
  3. There is no private key for this address, it is the 0x0... address, other members already answered that this address for ethereum blockchain, however your question is different given where you ask something that is impossible as the private key is not able to be derived from the public key, it happens the opposite.
  4. Probably this post belongs in the beginners section as in this one most people are already traders, anyway, being a trader doesn't mean you should care for the price levels as there are always opportunities and price levels you can make any kind of trade, you just have to grasp the understanding of the price movement.
  5. 1) you can download the blockchain from many sources. Running a full node means you have downloaded the bitcoin software along with all the blockchain, synchronized and validating. 2) even if all nodes fail together by some mistake in an update or anything, the developers can take it offline until the problem is fixed. Bugs can happen, there is no code that is perfect however it will be patched in no time. Bitcoin is running almost flawless for 12 years. One time in the early Bitcoin days, there was an event called value overflow incident. Satoshi dealt with it in just a couple of hours when he was the only dev. Look it up it will give you an idea.
  6. I never had a problem in Cryptotalk so this website is not required, although it can be used for other websites that can often times be down and we can find if this has to do with something in our browser settings, or the website is down for everyone too.
  7. If only question is about privacy then ZCash has better privacy from Bitcoin which has none at all, however when coming to privacy it is Monero that is the top privacy coin and ZCash comes second, there are even thoughts that Zcash is not decentralized and contains backdoors for spying on transactions that are supposed to be obfuscated by Zksnarks.
  8. A liquidity pool is about DeFi as I remember, it is very different from the order books in exchanges and it is tokens that are locked in Defi protocols for lending purposes, but you said that this is not about the long term, which is exactly what DeFi is about since they offer yearly interest and most of the users are staking their tokens for long term. Also there is nothing called liquidation pool this is probably a honest mistake made there by accident.
  9. After undermining cryptocurrencies for years the G7 finally decided to take a better look and find some common ground, it took high volumes and rising prices as well as banks and companies being involved, however the bad news are that these regulations will be against innovations and restrict the freedom cryptocurrenicies are offering. Our hopes are for loose regulations that promote adoption and technologies but I have many reservations on the ideals G7 have and all their decisions so far have been bad for crypto.
  10. This is another of the latest string of good news, having another institutional fund adopting Bitcoin, with the thought being it is digital gold, making it a very promising purchase that in this case is planning to hold for years Bitcoin and once again Bitcoin is bought for long term hold and not just for short term speculation.
  11. The Ethereum fees once again exploded, you need more than 200 gwei to make a transaction and if you try to send tokens this is even higher, in fact all of this was supposed to have been fixed but it seems that Ethereum will still have many problems until at a certain phase of development for Ethereum 2.0 the sharding will take place and perhaps unclog the network finally.
  12. Wait for the lightning network and you will see that it can process millions of transactions per second and for extremely lower fees from anything else, the lightning network still under development is in the final ironing out, but it can become the reason bitcoin will be used by everyone, and make 99% of altcoins completely useless.
  13. 722 million USD is too much, as in all Ponzi structures they are greedy and can make a huge impact with the scam as it always collapses no matter the time needed, in this case it was some miner scam that given high returns as usual and when new investors stopped coming it crashed leaving most with lost funds. I don't think that the accused people will make it out easily without having everything taken from them, scams and ponzis don't get away easily from the law anywhere.
  14. Ripple reached almost a dollar and then it crashed again, it was a perfect exit to make at a high price for everyone in xrp but the problem is that many were invested for long term in this asset without having the slightest sense of what Ripple was doing was disastrous for their investment and could easily be called a scam.
  15. So Venezuela has this kind of deals with Turkey, there are many politics behind Bitcoin recently and I have some fears about that, it may prove to be a drawback especially if this is discussed a lot. The USA won't have a good feeling for Venezuela bypassing sanctions using Bitcoin, they clearly did state that Petro won't be accepted and regulated against anyone in the US to invest in that asset, so it feels that there may be some problems we didn't expect.
  16. Bitcoin gives freedom, but only if it is used the way it should be, if it is just an investment in an exchange or bought by institutions from grayscale, or by retail investors from paypal, then it is not used properly, only by having access to the private key you are using Bitcoin and most cryptocurrencies the correct way and anything else is just speculation without having to deal with the features and positives of actually owning Bitcoin.
  17. Hacks thefts and Ponzi schemes, as well as scams of all kinds will not go away, they are part of every economy and the digital economy wouldn't be different, in fact I am surprised as I thought there would be even more disorder and chaos like in any unorganized society but the fact that a certain level of intelligence is required to be a crypto scammer, makes it more difficult for them as 99% of scammers and thieves are brainless and can't even learn how to handle cryptocurrencies.
  18. USDC is doing it correctly while USDT is saying one thing and doing another, by not providing access to bank deposits or assets as they should be, in any case I think USDT will be in trouble soon, while USDC will take over where Tether left, without creating any problem in the market if USDT is to be abandoned.
  19. Ripple knew a while ago they were about to be considered a security, it was known by many and some whales made more millions by dumping their xrp, more over the situation is critical lately and xrp is getting many blows being delisted by big exchanges, with more about to join.
  20. Universities should understand that blockchain technology is required by industries and offer more and better courses as too many developers and bachelor holders would want to have this degree but will have to move to another country to earn it, something that makes many governments look follish not to be adaptive to the new trends and technologies.
  21. This is typical with coinbase, any new coin to be listed there it will have a big pump for some time, however what is most important is the leak of this information before the announcments made by Coinbase and how many inside informants profit from this, it is a big problem in the market and creates concerns.
  22. There is no threat to the Bitcoin network, this is the miners and the full nodes that are active and they are decentralized being run in thousands of different locations, what is described here it is some centralized authorities that control a big number of the Bitcoin supply and this is their own will what to do with them.
  23. Important to read all the instructions too as some coins ask for more than just the address, perhaps even demand a note, or like in xrp a secondary adress number to be given, so in cases this is mistaken or skipped the money can be lost and never recovered or given, if the receiver is an exchange.
  24. Ok, Apps are already being build on blockchain technology and blockchains are used for identification purposes, but I wonder how will blockchains are going to help IoT and how do you think that this technology will speed up AI, as both of these technologies doesn't look very compatible with blockchains, and don't forget the scaling and inefficiencies blockchain systems have, they may make matters worse.
  25. Bitcoin is almost $10k higher and at $34000 there is little to say now about anything, everyone that bought doesn't sell and this is it, if there was to be any kind of selling it would happen, but for now it will keep rising for a while and perhaps next will be at $40k where I think that finally there will be some sellers and volatility, however only the big players know exactly where this will stop and they are not planning to sell soon.
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