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Showing 20 of 14,212 results by Abiky
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Board Gambling discussion
Re: The Role of AI in Gambling
by
Abiky
on 24/07/2025, 11:25:13 UTC
Not impossible to win, but the greed is the actual problem. Let's say you got lucky, hitting the x1000 in the highest difficulty of Plinko and got it for just 100 balls that you dropped. (This happens, I know it because it did happen to me.) The problem is, are we going to stop, or will we continue? Most of the time, a gambler will continue with the thought of being lucky that day. That's when the possible becomes impossible because we are hungry for more, and there's a high chance it won't happen again.

Now, AI has nothing to do with this because it's just pure luck, as you said. You got in at the right time and won something. I think AI will only be useful on games where analysis is needed, not in games such as Plinko or Dice.

Maybe AI can help gamblers control their addiction. It can easily manage gamblers' deposits to avoid undesired results. Only if the gamblers give AI their permission to do such a thing.

There are many ways in which AI can transform the gambling industry. It's not all that bad. This is only the beginning. As long as AI is regulated, both the "house" and players (gamblers) will have nothing to worry about.
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Board Altcoin Discussion
Re: Are "Stablecoins" Really Stable?
by
Abiky
on 24/07/2025, 11:21:47 UTC
This is very wrong you need to update your understanding. USD has lost a lot of value this year, which means that this stablecoin is not really stable in terms of value. The price changes all the time. Obviously the price of 1 USDT is not going to change in the USDT/USD pair.  Cheesy Try viewing it as USDT/other fiat and you will see. They are both unstable and volatile.

People don't care if the USD has lost its value. They only want stablecoins to help protect themselves against the volatility of traditional cryptocurrencies. And so far, stablecoins do a great job at it. 1 USDT = 1 USDT, right? Same goes for USDC, USDD, TUSD, and the likes.

What can break stablecoin's stability is the issuer's inability to back its value with real USD reserves. Collaterized stablecoins can also lose their peg to the USD if the assets in which they're backed with lose value all of a sudden. Nothing is 100% guaranteed to be safe. Not even the money in your bank account. Just diversify your investment, and forget about the rest.
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Topic
Board Altcoin Discussion
Re: Ethereum Transaction Fee Hits All Time High. 31.22 Eth.
by
Abiky
on 24/07/2025, 11:12:59 UTC
From the very beginning we started to have so many Ethereum competitors and Blockchains which claimed to the Ethereum killer, always because of the way fees had increased in the main Eth network. Though, I am more inclined to believe this is rather the result of a person trying to catch the attention through using a disproportionate fee for a small transaction, it would not be the first time I have seen something like that.
So far, in spite of the high fees, Ethereum has managed to keep a high volume of transactions and those Ethereum killers have not been able to surpase the market capitalization of Ethereum.

That's because most ETH competitors are new and widely-unproven. Investors prefer the stability and reliability of the Ethereum blockchain, even if gas fees go all the way to the moon. Just like it's the case with Bitcoin these days. So no matter how fast or cheap the competition is, they'll never be able to beat the "King". ETH enjoys first-mover advantage on the market, anyways.

For those seeking the "best of both worlds", there's the option of using an L2 network built on top of the ETH blockchain. Base, Arbitrum, Optimism, etc. allows anyone to keep using ETH at a cheaper cost. I hope more people discovers this for the ecosystem's one benefit. With cross-chain bridges and atomic swaps becoming a reality, L2 networks will have a better user experience. We'll see if gas fees on the main ETH blockchain will remain low forever. Only time will tell...
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Board Bitcoin Discussion
Re: Bitcoin as legal tender: A failed experiment?
by
Abiky
on 24/07/2025, 11:09:17 UTC
If you think that P2P transactions without the need for KYC verification completely preserve your privacy, you are mistaken. Such transactions may be untraceable, but we cannot be sure that our counterparties are not passing on information about transactions to third parties. So, privacy is only preserved within the Bitcoin network. As soon as you exchange Bitcoin for fiat money, your privacy is at risk. The only way to maintain privacy is to conduct a P2P transaction through a secure meeting. But if we exclude cash, such transactions are impossible.

What about crypto-to-crypto transactions? You would exchange "coin A" to obtain "coin B" in an anonymous manner. Only works on privacy-oriented cryptocurrencies, though. Something like exchanging BTC to XMR (or vice versa) would do the trick. The only issue would be trusting the other party not to disclose your private information. Would you imagine doing a transaction with an undercover government agent? The fear of getting caught, is another reason why people avoid Bitcoin. Especially in countries where it is illegal.

El Salvador opened its doors to the cryptocurrency. But it ultimately failed out of lack of convenience. People want something that's stable, offline, and easy to use. And what better way than using "good-old" Fiat? As long as cash exists (coins and paper money), don't expect people to use Bitcoin as a currency anytime soon. Our only hope lies on governments abolishing cash for good. With CBDCs and stablecoins becoming a thing, Bitcoin's use as a currency will increase. At least, that's what I hope.
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Topic
Board Economics
Re: The “Want Everything, Pay Nothing” Problem
by
Abiky
on 24/07/2025, 11:06:52 UTC
Taxes are necessary for any country to work well. There is no way we get roads, hospitals, security, or even fair courts without people paying in. I agree, in theory, taxes should be for everyone, and everyone should get something back. That is the dream

But, like you said, the problem is the system is rarely fair. It is not just in one country. Almost everywhere, the richest find ways to avoid taxes. They have teams of lawyers, complicated companies, offshore accounts. Meanwhile, regular people cannot do this, so they pay what is asked, and even more, just to survive

I see the same thing: Big companies say they "create jobs", so they need lower taxes. But this is just an excuse. Jobs matter, but so does everyone paying their part. If only workers pay, and the richest do not, the country cannot be strong for long. The gap just gets wider

What makes it harder is, people lose trust in the system. “Why should I pay if the big guys do not?”, they asked. And when government is not sincere by wasting money or making shady deals, trust goes down even more. It turns into a cycle: more tax dodging, more debt, more frustration

real change has to come from both sides. People need to see where their money goes, and governments need to close loopholes and treat all citizens fairly, rich or poor. If we ever get that, maybe people will actually feel good about paying taxes

Governments need taxes to help finance their operations. But in most cases, they overcharge their citizens, adding more burden to the economy in the long run. Overtaxation has always been an issue, especially in the US and some other countries. I believe that's why most people (especially young people) don't want to work these days. They want everything without having to pay anything in return. Well, their dreams will come true as AI will take control of everything.

So instead of humans being subject to slavery, it would be AI itself. The government will still be able to collect taxes from things that AI produces or helps create. Donald Trump's tariffs could work if they ultimately abolish the income tax. Not only that, but they will serve as a way to ramp up domestic production. Be aware that with the rising cost of living, comes increased criminality rates. Who knows what the future holds?
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Topic
Board Bitcoin Discussion
Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX?
by
Abiky
on 23/07/2025, 01:41:15 UTC
Well elon is more for crypto now then he has ever been, he called fat 'hopeless' when someone asked on X if his proposed political party, the America Party, would “embrace Bitcoin.”

https://www.coindesk.com/policy/2025/07/07/elon-musk-says-america-party-will-embrace-btc-as-fiat-is-hopeless

However hes directly going against trump by forming a new party, will he back down again or go all in ? Shocked

He's right, you know. Fiat continues to lose value due to irresponsible practices from both the government and the central bank. The "money printer" continues to go "brrr", without any signs of stopping anytime soon. It's why many (like Elon) believe Bitcoin will ultimately render Fiat obsolete. Or at least, become a better alternative for those seeking a hedge against inflation.

Elon's new political party better embrace Bitcoin as promised. Otherwise, it will lose the votes required to make the difference on both chambers of Congress (and possibly even the White House). It's a risky move from Elon Musk, considering that most "alternative political parties" have failed in the US. The Tea Party, The Libertarian Party, etc, have all failed in gathering enough attention from voters. Would you imagine Bitcoin becoming legal tender in the US under the America Party's leadership? It would be mind-blowing. Unless, Trump and his Republican base do it first. Only time will tell...
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Topic
Board Bitcoin Discussion
Re: BTC to $500, are you still buying?
by
Abiky
on 23/07/2025, 01:31:21 UTC
Basically I think Bitcoin price will never go that low, it sounds really ridiculous that Bitcoin is worth $500. However, although Bitcoin is not possible to come to such a position and Bitcoin is ready to go higher in the future. Of course the market will not always be at the same speed, rather it will be bearish but will not go so low, rather if it decreases compared to the current price, it can be at $70k--$80k. Moreover, since the Bitcoin price has gone much higher and it is moving higher, people who have invested in Bitcoin have not stopped investing. Moreover, if the price of Bitcoin decreases, people's demand will not decrease, rather they will invest in Bitcoin, if the Bitcoin market drops again, then I will definitely join the investment.

Bitcoin was designed with deflation in mind, so it's hard to believe its value will drop all of a sudden. Demand remains high, despite naysayers claiming BTC is a scam/Ponzi, etc. With institutional investors (and governments) deep in the game, BTC will only go higher in the future. A dip in market prices should serve as an opportunity for us to buy coins at discount.

Some people are never satisfied with Bitcoin's current market price, especially if they're the kind who wants to make a "quick buck". Due to volatility, it's hard to predict where Bitcoin will go next. I'd just buy, "hodl", and wait until the time is right to sell (usually when BTC is worth more than what you initially bought it for). As long as you avoid putting all of your eggs in one basket, there should be nothing to worry about.
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Topic
Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
Abiky
on 23/07/2025, 01:26:46 UTC
Bitcoin was created as a native solution that could be used as a means of payment, instead of relying solely on fiat and other payment systems. Bitcoin wasn't created to threaten the existing financial system; in fact, I never imagined it could threaten the very existence of banks, which handle millions of financial transactions every day.

Bank will still exist, even if governments adopt and legalize crypto. Each has its own target market, and this depends on the needs. Not everyone understands crypto, so they will still choose banks, while others who are dissatisfied with banking services will turn to crypto for a better experience. Banks and crypto will coexist, that's what the future holds.

Didn't Satoshi himself say that Bitcoin can "scale larger than the VISA network"? And didn't he create Bitcoin as a result of banks' failures (Great Financial Crisis of 2008)? This shows us Bitcoin WAS created to threaten the existing financial system. It's just that people are now using it as a store of value instead of a currency. We can blame mainstream media with its propaganda for this.

Now that "Wall Street" is in the game, it's too late to change people's perception of Bitcoin. To top it all off, institutions, centralized exchanges, and governments hold most of the circulating supply. The traditional financial system has been deeply integrated into Bitcoin. How will the pioneer cryptocurrency by able to overcome banks this way? I'm afraid Satoshi's dreams will never be fulfilled. Banks will only get bigger and stronger than ever. You have been warned.
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Topic
Board Economics
Re: 11 more countries just joined BRICS this week
by
Abiky
on 23/07/2025, 01:17:46 UTC
The move to create an alternative to SWIFT might be slow but it's gradually gaining momentum. BRICS Pay is a payment platform used by member nations for financial transactions without using SWIFT. Since 2023 Brazil and China have eliminated the use of dollars for trade. Rather, trade deals are settled with local currencies. China and India also have agreements to adopt local currencies in their trade deals. Other countries are also adopting the same strategy to bypass the Western-controlled payment system.

https://m.economictimes.com/news/economy/foreign-trade/india-china-have-agreed-to-cooperate-in-paying-in-local-currency-for-imports-maldives/articleshow/110329147.cms

https://www.lexology.com/library/detail.aspx?g=db9df4b9-2b1d-48a7-be4d-ef74ff375d79#:~:text=In%20March%202023%2C%20Brazil%20and,trade%20in%20their%20local%20currencies.

Well, if BRICS Pay doesn't make use of a Blockchain then it will be as inefficient as its counterpart. BRICS needs to show superiority. And what better way to do this than making use of the latest technologies? A Blockchain-powered payments system would be truly-unstoppable. It would be even better if BRICS used a single currency for transfers that's backed by Bitcoin. The possibilities are endless.

Donald Trump's actions will only fuel "de-dollarization" efforts. I guess it's too late to put a stop to BRICS. Not even higher tariffs will do the trick. We're living in uncertain times, so anything's possible.
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Board Economics
Re: The Future of the Global Economy
by
Abiky
on 23/07/2025, 01:14:51 UTC
For now, AI is at a stage of "development" where it cannot replace highly professional jobs that require significant qualifications. But it can — and already does — replace job functions where everything follows the same template, with the same tasks repeated day after day. These jobs are usually held by people who are not used to fighting, adapting, or assimilating into new environments. That’s why calling on them to resist now, when AI is stepping on their toes and truly can replace them, is an effort unlikely to succeed. Because people, in general, are highly conformist and passive.

The problem is that AI is overhyped these days. Companies are pushing the shift towards AI, as it promises to reduce costs and increase efficiency. The massive layoffs in a bid to replace human jobs with AI is just the tip of the iceberg. Wait until AI becomes sentient (self-aware), and nothing will be able to stand in its way. The future economy will be driven by AI, effectively paving the way to "laziness".

Most people will earn a basic salary/wage to help cover their needs (a Universal Basic Income system). We will get everything, without actually doing anything. The downside of all this? Governments will have greater control over your life. Things are progressing quickly, so I wouldn't be surprised if the full transformation of our economy (and society) takes effect soon. Wishing everyone the best of luck.
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Board Bitcoin Discussion
Re: Bitcoin as legal tender: A failed experiment?
by
Abiky
on 21/07/2025, 11:19:15 UTC
With investors, stability is not what they look for but volatility and solid growth over time are what they most wanted. Bitcoin has it for them and it has shown this amazing growth over years since 2009.

Even an older investment asset, store of value, like gold has volatile times in its history. So it does not make sense to ask Bitcoin only has stability without volatility.

Volatility only becomes a problem when BTC's value is measured against Fiat. I understand most investors want volatility for long-term gains, but ordinary people don't. They want convenience above all else. And nothing beats the USD in terms of stability and usability (widespread merchant acceptance, offline use, etc). It's why Bitcoin ultimately became a failed experiment in El Salvador.

Is there hope? I'd say, yes. But it's going to take quite a long time before people get used to BTC as a currency. Especially when scaling issues and volatility persist. If there's one thing that could gain traction, that would be a Bitcoin-backed stablecoin launched on the main Bitcoin blockchain or an L2 solution. But that's another subject. Who knows? Maybe someday El Salvador will ditch the USD in favor of BTC. One could only imagine...
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Topic
Board Economics
Re: How safe is Bitcoin in the world's economic turmoil?
by
Abiky
on 21/07/2025, 11:16:45 UTC
In short, BTC can be said to challenge the global monetary system. Because fiat money is freely printed without gold backing, inflation and interest rates in the monetary system can be overcome by BTC's deflationary system. Therefore, if we keep our money in a bank, especially a deposit, it will become worthless due to inflation. This also relates to how safe Bitcoin is amidst global economic turmoil; the answer is, of course, very safe. Although Bitcoin was created to challenge the financial system, it has many flaws, and Bitcoin will certainly be safer during economic uncertainty because it can withstand inflation.

Bitcoin is indeed volatile, but if we look at its price from past to present, Bitcoin is the best asset to use as a hedge in any economic situation. So, for me, Bitcoin, besides being able to create financial freedom in the future, is also the best asset to own during economic downturns.

BTC challenging the global monetary system? With "Wall Street" joining the game, you might as well forget about that. Investors are buying up BTC like crazy not because they're planning to use it as an alternative to Fiat, but rather as a store of value for long-term gains. Just like Gold. And if Gold never managed to challenge the global monetary system, what makes you think Bitcoin will? Centralization looms ahead with every BTC big institutional investment firms and governments buy. Not to mention, centralized exchanges dominate the market.

Only truly-decentralized cryptocurrencies with real use cases as "digital cash" will be able to challenge the existing monetary system. I see Monero as a better choice than Bitcoin in this regard. But to each their own. At least, BTC keeps reaching new ATHs. As long as you're able to make money, nothing else matters.
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Topic
Board Economics
Re: The Burnout Cult & Remote Revolution
by
Abiky
on 21/07/2025, 11:05:50 UTC
The truth is that every company would care first for its business before its workers, their idea is to do what's best for business before "what's best for employees". 9-5 still remains the most popular jobs around, though most of them try to add a little flexibility to things by adding hybrid roles, but it has not done too much to ease the stress.

In my country, people work long hours everyday and earn so little, the situation is pitiful, though it has forced people to "mind their own business", and by that i mean working 9-5, but also creating something for themselves, it could be an impressive asset column or buying properties, etc, so you ensure you don't work until everything is sapped out of you.

Exactly. Most employers are greedy (and cheap), so they will exploit employees to make them work harder without any substantial increase in the wage/salary. That's what we call a "burnout". And the situation is even worse in a physical setting. Telework (aka remote work) is more flexible. It's why many consider it to be the future of labor.

With technological advancements such as AI and Blockchain, employees will be able to achieve greater work/life balance. Hopefully, wages increase at the same pace as inflation to help keep the economy healthy for generations.
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Board Altcoin Discussion
Re: Ethereum Transaction Fee Hits All Time High. 31.22 Eth.
by
Abiky
on 21/07/2025, 11:02:17 UTC
I know that Ethereum Transaction Fee has not been friendly with the users but today's fee cost was abnormal. The fee cost 31. 22 Eth. Which is equivalent to $112,700.
Confirm

Must've been a mistake from the sender's part. Or maybe the sender's wallet miscalculated network fees. Right now, ETH's gas fees are low. But considering that transaction capacity is limited, such rates won't last for long. Developers are still working on making ETH more scalable. Meanwhile, chains like Solana and BSC continue to provide a better UX with much lower gas fees and faster confirmation times.

Regardless of how much the ETH network gets congested, fees will never be as high as Bitcoin when it's at its peak. That's because BTC has much higher market prices than ETH. Institutional investors continue to buy BTC more than ETH, so we don't have to worry about ETH getting clogged anytime soon.
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Topic
Board Altcoin Discussion
Re: Are "Stablecoins" Really Stable?
by
Abiky
on 21/07/2025, 10:59:21 UTC
Why are "stablecoins" called stable when they are pegged to fiat currencies like the dollar?We know that the dollar isn’t truly stable ,it loses about 7 to 10% of its value annually due to inflation. More and more, we notice that with the same amount of dollars, we can buy less and less. For example, if you had $10,000 in 2020, nominally you still have $10,000 today, but its purchasing power is only about $6,800.Maybe they are considered “stable” only in terms of losing less purchasing power

Why are they called “stable” when they are actually unstable?

They're called "stablecoins" because they're redeemable at a 1:1 ratio against the USD (regardless of inflation). Most of the centralized stablecoins are backed by real world USD reserves (usually in the form of treasuries and bonds), allowing them to maintain their value for long. Sometimes stablecoin issuers increase the supply of their stablecoin, but that doesn't mean they're printing money. Rather, they're increasing their USD reserves. Think of stablecoins as a sort of USD spot ETF or IOU.

People these days prefer convenience, so they will continue to use USD-backed stablecoins even if the USD itself gets weaker everyday. If you're worried about losing purchasing power, choose Bitcoin (or Gold) instead. We'll see how long will stablecoins last.
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Board Services
Re: [Crypto.Games] ★ Signature Campaign ★ Hero - Legendary[Full] ★
by
Abiky
on 19/07/2025, 20:59:28 UTC
campaign paid

Payment confirmed. Thank you DogecoinMachine and Crypto.Games team! Cheesy
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Topic
Board Bitcoin Discussion
Re: BTC to $500, are you still buying?
by
Abiky
on 19/07/2025, 01:06:59 UTC
If the seeds could be compromised in the future, there would be immediate panic, and BTC could well collapse and even become worthless.

But so many banks and investment funds have invested in bitcoin, I suppose they've verified that this is unlikely impossible.

It also seems obvious that all the people who know BTC will buy if it dumps (and if they have liquidity to do so).

Like that will ever happen. BTC is already too big to fail. There's millions (if not billions) of dollars invested in it. So it's in developers' (and the community) best interests to keep Bitcoin safe against the latest threats. Last time I've checked, developers were working on a solution against Quantum Computing attacks. If implemented, Bitcoin will be able to remain resilient for a long time.

I'd say Bitcoin losing all of its value is nothing but impossible. It's like saying Gold will become worthless in the future as investors switch to Bitcoin altogether. The "yellow metal" could lose investor appeal by then. But not to a point where it will go all the way down to $0. The same will happen with Bitcoin. It will experience constant declines in market price during the ups and downs (volatility). But it will never go to zero. And going back to $500 is a far-fetched idea, now that BTC is well within six figures. You can bet that once Bitcoin goes all the way down the drain, whales and big institutional firms will buy it up like crazy. This will effectively "pump" market prices back to their original levels. We'll see what happens in the long run.
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Board Gambling discussion
Re: The Role of AI in Gambling
by
Abiky
on 19/07/2025, 01:03:56 UTC
i think the "Mecha-Hitler" stuff and the other crazy shit grok says from time to time is because Elon keeps fucking with it to make it say what he agrees with, basically, he keeps poisoning it with his opinions.
but as a model, grok 4 is probably one of the best right now, but gpt 5 will be released soon. the AI space is ever evolving, so AI companies are always one upping each other with new models.

Well, if Elon was able to manipulate his own AI model, what can you say about the others? I think casino operators will manipulate AI that would ultimately make decisions with their best interests in mind. So cheating would be impossible.

Still, the tech can be useful for giving advice to new gamblers and providing support. A chatbot would be the most likely integration within online gambling sites. I'm yet to see if AI would be able to manage the house's bankroll. For what I know, AI is extremely-overhyped. So maybe there's no need for it after all?
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Board Economics
Re: 11 more countries just joined BRICS this week
by
Abiky
on 19/07/2025, 01:00:10 UTC
It will definitely take some time to get out of a system that has been in place for a long time. BRICS has already started working. Among BRICS countries, Russia and China are using their own payment system, which we can think of as an alternative to SWIFT in their own countries and have launched international payment systems.

CIPS (Cross-Border Interbank Payment System) is a system made by China.

SPFS (System for Transfer of Financial Messages) is a system made by Russia.


https://www.middleeastmonitor.com/20250403-25-countries-join-russias-payment-system-as-an-alternative-to-swift/

https://statrys.com/blog/what-is-cips-china?utm_source

Some Russian banks have been restricted from SWIFT for a long time, some of the other banks conducting their business. But they are finding alternative. We can easily understand that it will not be difficult to operate without SWIFT but temporary problems will have to be faced. BRICS member countries are increasing. If almost half of the world's population is included in this coverage or many countries are added here, then finding an alternative to SWIFT is not a problem. Many countries are still outside BRICS, but they have started coming. As new countries join BRICS, their control over raw materials, markets and geographical position has become more powerful.

BRICS is carrying out its activities extensively and they are doing everything smoothly to keep their position more stable worldwide. That is why we need to give more time considering the global situation as we are moving forward as fast as we can. But it is certain that this organization is moving forward on the right track.

But do these alternative payment systems make use of crypto/Blockchain tech? I doubt it. Meanwhile, the US is moving one step forward by enacting pro-crypto policies under President Donald Trump's leadership. With stablecoins poised to become de-facto USD digital Fiat currencies, the USD's dominance will only strengthen over time. It's no secret that USD-based stablecoins dominate the crypto market. And if the FED backs the USD with BTC, things will be even better.

How will BRICS be able to compete with this? The bloc needs to adopt Blockchain tech at its fullest to stay at the forefront of innovation. China has a CBDC, but other countries within the bloc are lacking behind. Not sure if the Chinese Yuan (now e-CNY) would be able to become the standard medium of exchange among BRICS countries. We'll see if they'll be able to de-throne the USD in the long run.
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Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
Abiky
on 19/07/2025, 00:55:18 UTC
The more likely scenario is manipulation by banks and wall street in order to try and accumulate more coins for cheap. Depending how desperate they get, determines how desperate their measures go both within the Bitcoin market and outside of it. This is nothing new, during earlier times where people and entities competed/fought for rule over assets and commodities, banks and wall street were known to play dirty. No different this time.

Centralization through ownership of supply (which would effect the market, not network) is a possibility if people sell to them. Centralization of the network is a much larger and more complicated task, requiring control over territory and influencing/controlling both local and international mining operations.

I know that concentrating the supply in the hands of a few affects the market. But if big players hold all of the cards, it would be almost impossible to get access to crypto. I mean, big institutional investment firms and governments holding all of the coins where it's only possible to buy/sell through them. Most people nowadays leave their coins in exchanges instead of their own self-custody wallet, so expect things to get worse in the long run.

The only coins governments and institutional firms are buying are BTC and ETH. So the rest are safe from harm's way. At least, for now. Who knows what will happen in the future?