I honestly don't see how any country would embrace BTC. If they lose control over their money printing press, they will be extremely limited in how they can govern. Its all about control, and without the printing press at your disposal, its very difficult to control the population to their satisfaction. It would of course be very wise to get ahead of the game, but I think that since its against their primary plan, they will only get on board when its far too late. I do have a concern though that the distribution of coins at the moment isn't done in such a way as to give most people or countries the incentive to really adopt BTC. Studying about all the crypto projects, I see how important it is to take into consideration how much is pre-mined in advance, and how much is reserved for the VCs and others on the inside. When you get to numbers like 75%, which some of the coins have, this is insane, and makes the project more of a pump and dump, but even 30% is high. BTC is of course more pure since there was no pre-mining awarded and Satoshi himself had to the mining for his own stake. But to truly switch the world to a bitcoin standard, I'd like to see the distribution be a bit more equitable. There is no incentive to switch to something new if you don't have any and someone else already has a pile of it. So in a way, its needs to be more attractive if you're gonna get most citizens on board and eventually the central banks. Everyone compares the adoption of crypto with either the internet or cellphones. But in both of these examples, its not like starting late somehow hurt you negatively while grossly rewarding an early adopter. If you used the internet for the first time in 1995, perhaps you have way more experience than the guy who finally bought a modem in 2000, buts its not like the guy in 2000 had a negative experience because of his late start (if anything, the modems were cheaper and faster). But with bitcoin, starting so late, lets say with BTC at $1 million, really impacts you negatively. You won't be excited to get on board like you would be to finally buy a modem or buy a cellphone, but rather, you'll be pissed off for being so far behind and poor compared to all the others. For mass adoption by individuals and countries, I think this will be a big enough reason for why there will always be the search for a new coin.
https://coinmarketcap.com/currencies/apecoin-ape/markets/ Thanks for trying to save me, Pek, but Bitcoin and cryptos are doing very well YTD, much better than most of the stock market!! Wrt Bored Ape, it's like any investment, can go up, can go down, but as long as they keep delivering on the airdrops and project growth, I see no reason why the price won't keep going up It's the number 1 NFT project in the whole world since the company behind BAYC (Yuga Labs) purchased all the IP rights for CryptoPunk and Meebits Similar to Facebook, eliminate threat and competition by acquiring them i.e. Instagram And Yuga Labs just raised $450M from big VC's, so the future is bright. Madonna recently bought a Bored Ape Bored Ape is going to at least a million $ price floor by eoy https://opensea.io/collection/boredapeyachtclub?tab=activity Buy It Now https://nomics.com/assets/bayc2-bored-ape-yacht-club
You have to consider one thing... The youngins with all the daddy money pouring into this 8-bit graphical frame are doing it maybe because they have never seen anything like it before, and thus think it is unique and special. Like how older folks might find a pristine copy of the Beatles white album valuable? Not sure that is a good analogy, but I hope you get my point. The graphics of shit like Pong and Breakout may seem nostalgic to older folks, but rarities to younger folks?
So wrt China, they will not embrace Bitcoin for their citizens. That is giving up control China will use Bitcoin for Treasury reserves, which they currently hold gold and US Treasuries and US $, but after seeing what happened to Russia, gold and fiat and all financial instruments confiscated whenever it was possible, surely China is thinking if they ever take back Taiwan, the same things will happen to them Permissioned assets, version permission-less assets As far as ownership of Bitcoins, it does not really matter how much is owned by whales, Bitcoin has a good distribution, but no matter what, there is not enough for everyone in the world Which is why we are so lucky, Bitcoin is only $46K today. As more and more nation-states and big wealthy people realize Bitcoin is best asset to own to hedge all other assets they own, Bitcoin may shoot up faster than anyone can predict Bitcoin is not PoS so a person who owns 1 btc is not affected by a whale that owns 1 Million btc's. Neither one has more say on the Bitcoin network There are 56 Million millionaires in the world, it's obvious most of them have not figured out that there is a race for owning Bitcoin Same as any nation-state, which is why there's interest from Argentina, Turkey, Honduras, Mexico, and who knows, there's probably some big countries that are accumulating secretly
What does that even mean? There are two prices listed there... The first is 100 trillion. The second is 349 quadrillion. But quadrillions of WHAT?!?
Lol, people can list for whatever price, but it doesn't mean it will sell Here are the completed sales the past day and most are selling around the "price floor" of $400K but there was one that sold for $700K based on rarities and traits I purchased one that was higher than the price floor due to certain traits that I identify with personally (reminds me of my child), Won't make sense to others but it does to me and my wife One price is quantity in Ethereum tokens and the other one is in $ conversion. There's only 120M Ethereum tokens in circulation
Oh dear John, I fear this may be in your wife's future, the longer you keep trying to explain Cryptos here. Be careful, stout yeoman!
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