Author: dfmines

Hi all, as you can see from this massive dip that does not happen every few weeks in crypto, crypto is officially dead. This is definetly not a normal occurrence in the crypto world, please do not look at charts and notice this is a common occurrence. Instead please panic sell, and leave crypto forever.…
Read more

We went from a pretty hard crash to pretty much a big dip in a matter of hours. This to me seems a pretty damn great recovery, crypto is really strong atm imo. So yeah, I’m not really scared. It makes me curious how well crypto will hold up against really big crashes in the…
Read more

Welcome to “Lightning Speed,” a new section in which NewsBTC will explore the possibilities that Bitcoin’s Lightning Network opens. In this first edition, we will focus on Peter St Onge’s “The Lightning Network is About to Change the World” article. According to his bio, the academic “holds a Ph.D. in Economics from George Mason University, and a B.A. in Economics and Political Science from McGill University.” Make of that what you will.  St Onge was at the Free State Project’s Porcfest in New Hampshire when he had an epiphany. “The Lightning Network is now moving Bitcoin exponentially closer to becoming a true universal medium of exchange that is controlled by the people, not by governments.” That’s right. Bitcoin already won the store of value race, but, with the Lightning Network, it becomes the apex medium of exchange. What does this mean for the world? Lightning At The Porcfest Before we blow minds, let’s explore the Free State Project’s Porcfest real quick. St Onge sets the stage: “As we enjoyed the mild New Hampshire summer, people wandered over to buy $2 sodas with Bitcoin, paying instantly and with zero transaction fee. I watched patient bitcoiners onboard Lightning newbies, taking them from zero to a Lightning wallet full of fresh hot sats in literally 5 minutes. It was the iconic “buy a coffee with Bitcoin” on steroids.” Yes, #LightningNetwork is being used at #PorcFest2021. Ana sold a water to @jfcarpio as @Joe_Saz watches pic.twitter.com/sUou8otfP4 — Patrick Motorist (@BitcoinMotorist) June 27, 2021 This was before everybody and their grandmothers went to Bitcoin Beach to test the Lightning Network first hand. Watching the transaction’s speed and comfort, St Onge knew. This was “Confirmation that the Bitcoin developer ecosystem has now built the holy grail: Bitcoin as a true medium of exchange. One where transfers are instant, essentially free, and as easy to use as the simplest app on your phone.” St Onge’s Four Insights About The LN As A Medium Of Exchange The fees are really that cheap. St Onge recalls, “our sats party replicated what’s now going on across the world. Just last week at El Salvador’s now-famous Bitcoin Beach, 20,000 near-instant transactions went around with aggregate fees of $4.98. One-fortieth of a penny per transaction.”  Traditional banking can’t compete. “For perspective, that’s about 500 times cheaper than the credit card fee on a $5 cappucino, and it’s at least 4,000 times cheaper than the average credit card transaction fee.” It gets better. The fees are not correlated to the transaction’s total amount. “Note, 1/40 of a penny would cover essentially any amount — you could buy a house with Lightning for 1/40 penny.”  The Lightning Network doesn’t sleep. “It transfers instantly, 24/7 including holidays, and is able to leap national borders and regulatory gatekeepers with zero effort.” BTC price chart for 12/04/2021 on Tradestation | Source: BTC/USD on TradingView.com St Onge’s Four Insights About The Lightning Network’s Growth & Potential The network is growing exponentially. “Lightning Network statistics have exploded since May, with network capacity now expanding by an annualized 635%. As these new Lightning apps onboard millions of people, they then pass along and train newbies by word-of-mouth, creating exponential growth that can very quickly go from irrelevant to dominant.”  The project has been years in the making. “The original Lightning Network White Paper came out in 2015, and after heady growth through 2019, the Network was essentially moribund these past 2 years.” Most altcoins are no longer needed. “First, it knocks the legs out of competing “medium of exchange” (MOE) coins like Dogecoin, Bcash, Ripple, Litecoin, or their many knock-offs.”  This is just the beginning. “Just as the internet needed user-friendly interfaces (web browsers) before it could really change the world, Bitcoin needed user-friendly interfaces to grow beyond money and towards being the base layer — the “rails” — for decentralized services built on Bitcoin alone.” The Lightning Network is changing the world already. Because of that fact, NewsBTC created “Lightning Speed,” a feature about the possibilities that Bitcoin’s Lightning Network opens. Featured Image: jplenio on Pixabay | Charts by TradingView

A new emerging economy, which includes blockchain-native tokens, digital tokens, stablecoins and CBDCs, requires interoperable blockchain standards.

submitted by /u/_jt [link] [comments]

Preface: The Metaverse is a hypothetical version of the internet in which 3D avatars navigate a 3D space. Companies envision this world to be one where most people will live most of the most meaningful parts of their life in the future. 1. The Metaverse is not possible with mouse and keyboard As Metaverse enthusiasts,…
Read more

submitted by /u/danlb30 [link] [comments]

The larger the drop the bigger the bounce. Seriously though, all the selling from these paper hand investors are putting their money on the side line to renter. That money isn’t going anywhere. Keep hodling! submitted by /u/twr300 [link] [comments]

A bunch of analysts are starting to predict a 1929-style market crash by the end of next year. Consumer Price Index is at the highest it's been in decades in many categories. The real estate market seems to be in a bubble in many sectors. Crypto speculation is at unseen levels, what with the NFT…
Read more