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Showing 20 of 89 results by coyhasmon
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Topic
Board Altcoin Discussion
Re: What really happens to NFT?
by
coyhasmon
on 16/07/2025, 14:57:35 UTC
I don't understand why NFTs aren't used as event tickets, it's really convenient

Perhaps it does not actually offer an advantage when they are compared to a centralized system of tickets which are already being used today. The only different thing we all would see with NFT as tickets would be those already used ones becoming collectibles in a decentralized Blockchain, like Ethereum, for example... so we would be talking about the same issue which led most of the NTFs to their downfall, their especulative nature.

This technology has actual use cases in the the world, when comes to proving ownership in a decentralized way, that is for sure, but people already see very convenient to rely their ownership on centralized registers and the laws of their countries, instead a Blockchain.
Perhaps instead of writing a post you could have done a Google search instead. There are many ticketing providers on several altcoin chains that use NFT technology, and these ticketing companies offer countless advantages over traditional centralized systems.  A further Google search could have yielded in information how the current ticketing systems are pretty much scams and hurt both event hosts and visitors.
Post
Topic
Board Economics
Re: Is a University Degree Still Worth Anything?
by
coyhasmon
on 16/07/2025, 02:43:36 UTC
This question can't be answered in general. However, what you can conclude in general is that capitalism has ruined universities. They have become a degree printing subsystem within the whole corrupt system that we live in. In most universities, the standards are lowered to retain and pass the largest amount of students possible. This is especially true of private universities. To make matters worse, the same kind of degree between two universities is often incomparable. One university is very difficult and will produce a good workforce, the other will produce quacks who don't know anything and are lazy. Additionally, there are many degrees and programs that are useless and should not exist at all.

If you study something productive, useful or difficult then the degree is worth it. If you study something subjective and useless, it is not worth anything.
Post
Topic
Board Bitcoin Discussion
Re: Trump picks the first ever bitcoiner on a presidential ticket who holds bitcoin!
by
coyhasmon
on 16/07/2025, 02:29:58 UTC
Well one is for certain:
Trump is looking to loosen regulation on cryptocurrencies can have bitcoin's price surge!

This is the headline when you check some of the mainstream media outlets today when it did reach it's new All-Time High (ATH) of $123,000 the other day.

Besides the loosening of regulations, the weakening of the USD has had a positive impact over Bitcoin's market prices. There are many factors that will ultimately "pump" BTC all the way to the moon. Good times for Bitcoin holders.

Now Trump needs to make Bitcoin legal tender in the US. Something like El Salvador did a few years ago. With VP J.D. Vance saying: "we want our fellow Americans to know that crypto and digital assets, and particularly Bitcoin, are part of the mainstream economy and are here to stay.", anything's possible. Trump will go on history books as the first pro-crypto US president ever to fully embrace Bitcoin. Who knows what many other achievements will Trump get done before 2028?
There are several bills that are prepared to get signed into congress this week starting tomorrow into Thursday.
https://www.politico.com/live-updates/2025/07/14/congress/house-crypto-week-votes-00451112

https://www.politico.com/newsletters/morning-money/2025/07/14/house-gears-up-for-crypto-week-00450752


The one of major interest is the Genius Act that if passed can cause all the other dominoes to fall into place for bitcoin and cryptocurrenies as a whole:
https://www.cnbc.com/2025/07/14/crypto-week-genius-act.html
Even though the first vote on these bills been has, the last update on this situation is that they will vote again and that those republicans that voted no will vote yes. We will find out in a couple days at the latest if this is true. They are really good laws compared to the garbage that democrats usually want to pass.

Quote
Since the bill will create a clear pathway for banks and other entities to begin issuing stablecoins, “we’ll likely see a flood of them rush into the market at the start,” he says.
This will be interesting to observe, but in any case increased stablecoin liquidity will have positive price pressure on Bitcoin as well.
Post
Topic
Board Altcoin Discussion
Re: Which DCA method you think its best
by
coyhasmon
on 16/07/2025, 02:19:42 UTC
Bitcoin dominance doesn't stay long forever, maybe 70 Max and many will be surprised when it goes down to 45 again, for the fact that it looks impossible is why I am going to do this, for the fact that ETH ETF is coming is why I am going to do this.
You sir, deserve to be wholly rekt, like many altcoiners that came before you.  Smiley

I am planning to DCA into 10 different altcoins before November 2025, and the plan is ...

1. To either invest $10 on each projects, one by one every week, that's spending $100 per week.

OR

2. Invest all $100 in a go on a project per week.

The total balance will be $1000.

Don't bother asking what the names of the projects are, and this is an amount I can afford to risk and lose anyway. If Alt season starts before November then I will stop half way because when pumps starts its stupid to keep buying.

The amount is too little for it to be worthwhile to spend $100 per week and you will need 2.5 months to complete this. Just go with the second option.
Post
Topic
Board Altcoin Discussion
Re: What really happens to NFT?
by
coyhasmon
on 16/07/2025, 02:18:06 UTC
I don't really knows what happens to the NFT market but I am just curious to the stunt in growth of NFT and what really happens.
The hype has just ceased. There wasn't any real product behind NFTs, nothing useful at all, so eventually it was a matter of time until they completely died. It's not like main cryptocurrencies which face cycles of highs and lows. Take Bitcoin, for an example, sometimes we see the price crashing, but after a while, it starts pumping again, because investors see it as a valuable asset, which is useful on long run to be held.
You are mistaken, don't write these lies. There are plenty of uses for NFTs and there are many real products using this technology. Just because you don't know about them, that does not mean that they don't exist.

On the other hand, the same can't be said regards NFTs. Developers promised to sell a worthy asset, which was unique and would work like Bitcoin along the time. But reality shows the opposite. NFTs worked like a ponzi, where early investors bought cheap, but late investors could never profit from this, since initial investors dumped their NFTs as soon as profit was possible to be made, remaining the late investors with priceless tokens on their wallets.
Again, you are writing lies. This may be true of art NFTs, but is not true of NFTs.
Post
Topic
Board Bitcoin Discussion
Re: Crypto’s biggest problem isn’t regulation or adoption says Suhail Kakar
by
coyhasmon
on 16/07/2025, 02:16:19 UTC
He's wrong. The problem is that practically 90% or more products that have been build, L1, L2 and L3 chains that have been released are scams. We do not need new altcoins, we do not need new layers, none of that matters. He also invested in many of these legal scams and now he whines about the wrong problems being solved. The layer and technology narrative is just another trendy thing that they managed to sell to altcoiners that believe that shitcoins like ETH will save the world. We need fewer projects, fewer chains, fewer nonsense.
Post
Topic
Board Speculation (Altcoins)
Re: who's been keeping up with meme hype lately?.
by
coyhasmon
on 16/07/2025, 02:03:45 UTC
What have your airdrop returns been like lately
I have been inactive since last year. Most of the airdrop projects that I've been too were a flop and that's why I am no longer interested into them because it's not making me anymore money. Aside from that, these airdrops have been milked by the developers, they want you to sign up for them and then promises you to have a bigger allocation but you'll have to invest. That's been the mechanics lately of these projects and that's why it's no longer worth it for someone like me who justs do them when we've got a free time to use for claiming their tokens and doing their tasks.
Really I never thought that a high rank member like yourself will still waste time on airdrops, I think by now you should have gotten fade up with them, and anyways you said you left over a year ago, that good to know, and don't ever return to airdrops again, because their position in the market is quite low no project want to give out free money just for early adoption it their really have something to offer the crypto market it will definitely show up as time goes.
Not that really active at all. There were airdrops that don't consume a lot of time and it's just like signup and wait if they're going to be worth it or not. I'm not that really active at all, when I've become active on it, remember the TON projects were on hype and some only requires the longevity and existence of some certain accounts and that's how they will determine the distribution and tokens to me. That was a year ago and never been to any of them again when the hype has died and most became scams. There is nothing wrong whether a low or high rank is into it. Some have spare time to look at them and it's up to us whether to proceed, continue or not.
To argue further for participation in the airdrops, some of the airdrops in the past were really really good. It doesn't matter if you are a senior member here or somewhere else, or you had a fair amount of crypto it would have been a mistake not to participate in those. The problem with this model these days is that it is overused and most projects are scams that pretend to be legitimate. The chances of hitting a good airdrop these days are very low, it is like gambling.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin end scenario
by
coyhasmon
on 16/07/2025, 01:41:47 UTC
Currently, the US government has a positive attitude toward cryptocurrencies. None of us can know whether this support for the cryptocurrency sector will continue when the Democrats return to power. Think about what could happen to your Bitcoin investments if Democrats who are negative towards cryptocurrencies come to power. What if they are able to rule the country for several terms and will do everything possible to counteract the development of the cryptocurrency sector? This is just one example of when your investments could be frozen for several years. Therefore, it is important to remember that investing in cryptocurrencies carries very high risks.
We cannot deny the possibility of US government turning its back on Bitcoin but I am sure that Bitcoin can still continue and recover after this setback. We have seen how resilient Bitcoin market is, it had crashed and dumped so many time but still able to recover and break its ATH when its due.  I do not think that the US is the only thing that keeps the Bitcoin market going.

The risk exists but it will continue to shrink as time passes. The real power lies not with the government but with money and networks of the super rich companies and institutions. As more get involved with Bitcoin, these interests will not allow subsequent governments to turn its back on Bitcoin even if they wanted to.
Post
Topic
Board Economics
Re: Senator Lummis Submits New bills on Crypto Taxes
by
coyhasmon
on 16/07/2025, 01:38:58 UTC
Great law with only great points. A tax exemption on spending crypto is a must and a great thing that will encourage more legitimate use on taxable goods and services. Further, there is no reason why crypto donations should not be tax exempt like other donations are.

Post
Topic
Board Altcoin Discussion
Re: Are these the kinda memes we should pay attention to?
by
coyhasmon
on 15/07/2025, 21:20:28 UTC
I agree with this.

Memecoins should not be paid attention to. Almost all of the new ones are only feeding insiders and concentrating wealth to people who simply don't care about other people losing money (and are indirectly taking from these people). When people who aren't insiders learn to avoid them, the fad will die.
Exactly, because in essence, meme coins are worthless tokens that merely capitalise on the current hype, with the sole purpose of enriching a select few. so, when the price rises in line with their initial targets, they will immediately sell their holdings of the token. This, of course, will trigger panic, leading to mass sell-offs, and ultimately causing the token's price to collapse. New buyers who have no understanding of the utility or fundamentals of the token will simply be throwing their money away on meme coins.

Thanks guys. A few projects were legitimate and they have a strong natural backing behind it. DOGE comes to mind and PEPE, but most memecoins were created to artificially create a narrative that didn't exist. Both DOGE and PEPE were very famous memes before their token was created, and they captured its own audience naturally.

It's obvious we are saying the same thing, memecoin is not for HODL. I know of the Trump coin that was so hyped and it pumped massively just for few days before it went downhill. Just imagine someone investing massively on that. He would probably be crying by now with little to no hope of recovering his capital. When Trump is out of office, that will even be the end of that coin.
Realistically your chances are probably better playing with your life savings in a casino than to HODL a memecoin.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin end scenario
by
coyhasmon
on 15/07/2025, 14:52:14 UTC
There is no scenario because Bitcoin is a digital currency system that can be used as a long-term asset and the best hedge against fiat currencies.

The most likely risk with Bitcoin is that you will no longer be able to use Bitcoin if the key is lost from your stash and memory. Other than that risk, I don't have any feelings that make me worry about Bitcoin. For example, if the price drops from the price I bought it yesterday, I'm not worried.
The risks of investing in Bitcoin are much greater than simply losing your wallet's seed phrase.
Can you explain how the risk of investing in Bitcoin is much greater than just losing a wallet password. Because what I know is that the risk of losing the password is very feared.
There are several different kinds of risks involved here. From market performance as an investment vehicle to individual hacks to attacks on the Bitcoin protocol too. It is not as simple as how you portray it.
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Topic
Board Altcoin Discussion
Re: Is Decentralized Finance (DeFi) Really the Future of Finance or Just a Hype?
by
coyhasmon
on 15/07/2025, 14:41:22 UTC
They already are censoring certain jurisdictions, so why wouldn't they if such laws come to place? Sure the DEX isn't censored on chain it is only the website, but very few people could use a DEX like Uniswap without the website.
One learns something new everyday, honestly.
I did not know that was possible. I assumed one needed to use the Uniswap interface as a the only way to interact with their smarth contracts, but now you mention it, it makes sense someone with enough knowledge on Ethereum code language could send a transaction directly to those smarth contracts and using the appropiate code in order for them to swap whatever coins they desire to.
Glad you learned something! You just need to think about it yourself and you will get there. If you needed also the website to interact with the smart contract, how is it any way decentralized? Just because something runs on the blockchian that does not make it decentralized. In the case of a DEX, you at the very least must be able to craft manual transactions for interacting with the smart contract. If not, then it is not decentralized.

Though, if Uniswap gets too rough with restrictions to some regions or wallets, what stops other developers to distribute tools to avoid those restrictions?
Legally it may cause problems if you share it from your identity, but anonymously you could do it. There is no money to be gained from sharing these tools for free and very few people would use or need it. I'm a bit disappointed in the lack of tools in ETH, but they don't care so much about decentralization.

I'm disappointed to see so-called DEXs imposing geographical restrictions on users. Crypto is supposed to be permission-less and censorship-resistant. But limiting people of certain countries from accessing a DEX or "De-Fi" platform, would greatly defeat crypto's original purpose. Developers are afraid regulators will go after them if they allow anyone to gain access to their platform. If that's the case, why make their identities public? Now you see why Satoshi was anonymous from the beginning. Otherwise, it would've been easy to regulate and enforce the rule of law on Bitcoin.
It is not so simple. Even if you do it anonymously, it has to be hosted somewhere. You could lose the domain and access to the hosting service provider. So they have means to shut it down or at least to make it very hard for you to operate if they want to.
Post
Topic
Board Altcoin Discussion
Re: Are these the kinda memes we should pay attention to?
by
coyhasmon
on 15/07/2025, 12:30:06 UTC
Absolutely not! The market does not need new memes. New memes are only created to make the founders and insiders rich. All these models are a weak attempt to legitimize this scam tactic.

Post
Topic
Board Speculation (Altcoins)
Re: 98% of Solana Pump.fun Tokens Are Scams.
by
coyhasmon
on 15/07/2025, 12:28:47 UTC
The meme coin scams are different, they are getting deployed by every second whereas ICO at the very least not being deployed that often.

It's happening in obviously larger scale and more frequent too, on the other hand the IEO scene are being tightly regulated right now and there's complicated selection process.
There are stats I saw last time and there are so many ICO scams too. Maybe you think like that because ICOs are done in a process but meme coins right now are more instant. IEO on the other hand is a more secure way to sell tokens than an ICO.
This is incorrect, almost all IEOs are scams too. What they prevent is from the founders from running away quickly with the money, but those types of scams are more rare these days. The real scam is making a stupid project that nobody needs, printing tokens and then doing very little and letting the project die. Almost all altcoins are scams.
Post
Topic
Board Altcoin Discussion
Re: When will we see an Altcoin-Season again?
by
coyhasmon
on 02/07/2025, 20:08:07 UTC
There are huge number of Alts in the market that have almost infinite supply of coins. Moreover investor trust has been shattered mainly beacue of alts that proved to be scam or are abandoned by founders once they gathered the necessary funds. If there is an Alt season, then probably top 10 or 20 Alts listed on coinmarketcap.com might go up. I don't think all alts have the capability to go up incase of an Alt season.
I don't know who wants to risk their hard earned money in this casino anymore. Most altcoins are scams and they will never get anywhere.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin end scenario
by
coyhasmon
on 02/07/2025, 19:58:25 UTC
Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state
This is a very dumb thinking sequence because your ending is already what we have today, using fiat currency.

Post
Topic
Board Altcoin Discussion
Re: Is Decentralized Finance (DeFi) Really the Future of Finance or Just a Hype?
by
coyhasmon
on 02/07/2025, 19:33:41 UTC
The DEX won't censor trades linked to stablecoins.
They already are censoring certain jurisdictions, so why wouldn't they if such laws come to place? Sure the DEX isn't censored on chain it is only the website, but very few people could use a DEX like Uniswap without the website.

But what use would that be if the stablecoin issuer itself can put you on a "blacklist"?
They can and they already do this. They just can't know your addresses in advance, but as soon as they know an address is yours they will freeze it.

The problem is that most decentralized stablecoins aren't reliable as their centralized counterparts. Either they're algorithmic or collaterized by other cryptocurrencies.
Algorithmic stablecoins are garbage.
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Topic
Board Bitcoin Discussion
Re: Does Bitcoin need Foot Soldiers to get optimum adoption?
by
coyhasmon
on 18/06/2025, 23:29:35 UTC
Some people have no idea how bitcoin works, how to store it, so how can they accept it in their business or convert their wages to it without inducing themselves with anxiety or opening themselves up to vulnerability?
Just buy it through an ETF if you can't educate yourself enough or don't trust yourself to do it safely.
Trusting the very institutions that Bitcoin was designed to cut out should be a temporary solution at most.
I agree partially but you can't have such an absolute view on the matter. I don't think my grandma would be ever able to learn how to safely use and hold Bitcoin, but she can have some exposure in an ETF without an issue. Really, self custody is not for everyone and we should not try to force it. We should just encourage it where appropriate.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs centralized Coins like Ripple
by
coyhasmon
on 18/06/2025, 19:26:21 UTC
Over time, more and more people will use decentralized exchanges instead of centralized ones. But one question arises. Are decentralized exchanges truly decentralized if they comply with all regulatory requirements and do not allow users from countries on sanctions lists to access their services? It seems to me that these are far from decentralized exchanges.
In this case you don't properly understand how a decentralized exchange works. The smart contracts are decentralized, the website is not and it is a centralized user interface to the smart contracts. If you know how to interact with the smart contracts yourself, you don't need to use the website. Obviously it is much harder to use it this way, but this proves that they can't prevent you from accessing their services. Anyhow, in practical terms this is a pointless argument. Just change the VPN server that you are using to a compatible jurisdiction and this "regulatory block" is bypassed even more easily.

If Bitcoin loses its decentralization, it will be no different from Ripple or BNB. I believe that investors and institutions will then lose interest in Bitcoin.
That is why this is never going to happen.
Post
Topic
Board Economics
Re: In a case where we still have unbanked population!
by
coyhasmon
on 18/06/2025, 19:20:59 UTC
I think that you are seriously overestimating the volatility of Bitcoin these days and underestimating the volatility of most currencies of the world. The fact is most people in particular poor people are forced to use the currency of their country. They have limited knowledge or possibilities to use anything else. Take a look at these sources.
So you actually believed that the volatility of BTC can be the same as the fiats? I think that is unlikely. Even though both of them are currencies but it is just that the other is unique. BTC has a fixed and has a small amount of supply than the fiats, which is the reason why it is volatility is high. Also, he didn't underestimate the volatility of most currencies in the world but he is only comparing there. In fact, he thinks they are much better in terms of stability.
There is nothing to believe, and I understand that you have responded to my reply without actually reading the sources that I have linked. If you do a small search, you will realize that BTC is less volatile than many currencies of the world.

I think none is forced to use a currency even if that currency is from our own country, but it is just that our local currency is much easier to use and then again they are very stable. Another thing is like you said, people may lack in knowledge to check the other.
This is not true and I can demonstrate it with a simple example. If you live in a rural area somewhere, you are forced to use the currency that everyone else uses. Neither do you have the ability to get another currency like the USD, nor do you have the option to use it as nobody where you live accepts it. You are also wrong with your statement that local currencies are very stable, they are not. They have a strong devaluation trend each year, some less and others more but they all do.