yes, of course there is .I hope its price drops to 10 or 5, so I can accumulate more.it drops I will buy more, it rise I won’t sell. every coin I have bought is in my tangem wallet. those coins will not move out in short term, I think this is what a hard wallet used for.
xch price will be based on real world adoption. real world adoption increase usage of network space.when usage of network space reachs a high level, there will be fee pression because TPS is limited. so with real world adoption,demand for xch will increase because transactions need fees.
I know what CNI is doing is for real world adoption.
a high coin price you expect without real world adoption is speculation. because price is determined by supply and demand. supply is fixed by code, but real world adoption can increase demand.
I did say “short term” - which was a critical part of my comment THAT YOU EDITED OUT ON YOUR REPLY.
I also said “seem to”, which was another important part of my comment YOU EDITED OUT.
Your edits when you replied to my comment were very “Democratic” in how they took only PART of my comment out of context to make it say what I did NOT say.
I guess you missed the “for now” part of my comment.
No, I don’t expect the price to keep going up more than perhaps a few days, and probably not that.
IMO the only thing that MIGHT save Chia pricing in the next year is if they manage to IPO - and they’ll need to do some serious work on getting Chia adopted by more than one or two SMALL nitches after that to keep it up.
@QuintLeo - I have the impression that you misunderstood me - the tables are shown as a “joke” (although 3 years ago they existed in real articles). They were definitely not meant to be a rebuttal to your statement.
This is another of my “jokes” - the situation is clear.
Please forgive me if I offended you in any way with my lack of precision and mental shortcuts…
I’ve no doubt the “tables” were real - there are still a few wildly optimistic types making similar predictions even today.
They’ve just had to move the “to the moon” predictions out a few years to account for how the price has really moved.
I’d LOVE to see any of the current predictions become true - I’m just not anticipating it or counting on it.
One has to wonder whether eventually any of the economies (read: banks) will actually lean towards crypto and force the entire population of the Earth to adopt a unified vision. Interestingly, in my opinion, full adoption/legalization may turn out to be its “end” (a`la FIAT transition), while tightening the regulations - its real flourishing, through future, true adoption (in 20 or 30 years on “other, more futuristic principles”).
Generally, for a few years now I have seen that we are at a “specific crossroads”, because the governments of influential countries do not really know which side to take towards crypto.
There are different approaches to this area in countries such as: China, the USA, Russia or … El Salvador, where it has become a legally recognized means of payment.
In the last year, this indecision has been really felt.
Movements in the USA (Trump, Musk, etc.)
Such a little curiosity from recent months…
The latest moves of the German state are worth noting.
Germany (as a government body) was in the TOP5 of BTC holders (as countries with the largest BTC wallets), which were probably taken over as illegal businesses. In July, they sold all 50k BTC.
Many other countries also have BTC acquired in this way - but most often do not sell them. Why were they only sold now (they were taken over in 2013)? Do Germans know what is important for the future crypto-market? I will mention that in September 47 crypto exchanges in this country were closed. Great consternation in Germany.
I wonder if Colleague @felixbrucker (foxypool pool) has any interesting perspective on this?
In the US, it is CBDC - Federal Reserve Board - Central Bank Digital Currency (CBDC). It boils down to taking over all of your money with a click of a button. We already have “Assets Forfeiture” that is overtaking all illegal business altogether in volume. CBDC will close all the loopholes - How Crime Pays: The Unconstitutionality of Modern Civil Asset Forfeiture as a Tool of Criminal Law Enforcement - Harvard Law Review.
i don’t live in germany right now, and i don’t really keep up with the news tbh, but i noticed a lot of exchanges now require additional information and kyc recertification for german residents to comply with (new?) laws.
Are you making Max BBQ your dinner at night? Good job!!!
Interesting link.
I recommend the new movie on Netflix - “Rebel Ridge”.
Rebel Ridge | Official Trailer | Netflix (youtube.com)
The director showed it … in a “concert” style!
A decent, worth watching movie.
I watched that film a few weeks ago, a decent enjoyable film
The movie has shown a super corrupt sherif dept somewhere in the bunnies. So, really doesn’t do any justice to how corrupt and prevalent Civil Forfeiture is.
However, the Civil Forfeiture is a real thing done daily by basically every other police dept. I believe that only Arizona has signed a new law (2021) where a person needs to be convicted, and the prosecutors need to prove the case.
From Wikipedia - Civil forfeiture in the United States - Wikipedia
According to The Washington Post, federal asset forfeiture in 2014 accounted for over $5 billion going into Justice and Treasury Department coffers, while in comparison, official statistics show that the amount stolen from citizens by burglars during that same year was a mere $3.5 billion.
And from “Statistics” section of that article
One estimate was that in 85% of civil forfeiture instances, the property owner was never charged with a crime.
Here is a good, short video about it - https://www.youtube.com/watch?v=QvoU9CYtHIg. By the way, that Institute for Justice has more info about it (although, rather dry).
I think I might have found a LITTLE justification for the recent price jump.
Look up “Berkley Compute” - which is claiming to use the Chia Blockchain.
I’m NOT happy with the “$5 million investment” CNi is reported to have put into that project, unless it actually drives a viable Use Case for Chia, where the “green exchange platform” last year seems to have been a serious dud.