What is happening behind those coins that become so popular?

Majority of the people associate cryptocurrencies with Bitcoin only but there is much more to the crypto’s world and there are interesting developments taking place behind the coins recent crazy rally.

Proof-of-stake versus proof-of-work:
https://medium.com/tqtezos/proof-of-...t-c58029faee44

Bitcoin cash (BCH) versus Bitcoin (BTC):
https://www.inverse.com/innovation/c...ance-of-the-tk

Ethereum (ETH) versus Ethereum Classic (ETC):
https://www.laptopmag.com/features/w...hereum-classic

Decentralized finance Defi:
https://uk.finance.yahoo.com/news/bi...102623503.html

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Governments and banks don't like crypto. So good reasons to invest a little

It seem like the next big coin to break out will be Ethereum:

https://finance.yahoo.com/video/ethe...tentType=VIDEO

Given the latest developments in the domain of DeFi and all the upgrades, it was quite predictable. The price target is gonna be mooning soon

It already "did".
20x in past 1 year vs. "just" 6.75 of BTC in the same period.

But sure, who knows where else it (or any other coin) can potentially go.

https://www.englishforum.ch/finance-...-ethereum.html

With the stock markets in red and with investors spooked out by stronger inflation data than expected, the coins are rallying:

https://finance.yahoo.com/news/bitco...083700636.html

They were not a safe haven during the sell off in March 2020, no reason to believe that will change. Lots of government stimulus cheques have been gambled on crypto.

Its ending:

https://www.bbc.com/news/business-57096305

"the sell off in March 2020" ... Possibly the largest life-changing event in wealth creation for those who knew to take advantage of the opportunity like many people I know in the Cryptosphere (including myself).

Nothing is ending here as many would wanna believe. On the contrary, a stronger cycle of new highs will succeed. For those who have doubts, watch those who say time to reload.

https://finance.yahoo.com/video/here...tentType=VIDEO

Now Elon not only should go and buy it back for couple of billions but also go back to his tweets and apologize all the same.

What's life changing? I've never understood this idea Getting out of debt, buying a home, retiring?

Long road to getting rich is sometimes much more exciting than mere event of becoming rich itself!

Excitement should come from anywhere, except from rents. Maybe I'm an old millenial

for the bitcoin millennials its a Lambo in the garage

I suspect it's not time to reload quite yet.

Despite’s all the odds against crypto’s nowadays, it starts happening …

Bitcoin: El Salvador makes cryptocurrency legal tender https://www.bbc.co.uk/news/world-latin-america-57398274

Someone on twitter shared a link to local media on the issue: https://diarioelsalvador.com/tron-es...bitcoin/89589/

This is where things get interesting. Fine, I can buy now a huge TV with bitcoin from local retail shops. What do the retailers and importers will do with the bitcoin? Can they pay the people making the TVs in China with it? Gas stations, airlines? At some point the business need to convert bitcoin to something other people on the other extreme of supply chains want.

I'd be more interested on what big business like United Airlines do. Will they take bitcoin from plane tickets bought from El Salvador? Could business say 400 USD plane ticket and the equivalent of 1000 USD in bitcoin for same plane ticket......lots of open questions. Why carry the risk of accepting 400 USD in bitcoin and have 380 USD in bitcoin a few min later?

In general, I think people over there will stick to paper USD bills and carry on as normal.

Though in fairness this could have a hugely positive effect on the El Salvadorian economy because while no one else does it, criminals from around the world will flock to this already relatively corrupt country in their droves - they can spend their bitcoin without a single pesky check on where it came from.

That''s the business model of Panama, so not that crazy to try something similar.

I'm also curious at what the effect of bitcoin will be to the country balance of payments and what creditors think about the new policy. I'm surprised that El Salvador went from having zero sovereign debt to 12E+9 USD in the last 2 years. Will the IMF accept bitcoin for bond payment? https://data.worldbank.org/indicator...D?locations=SV

It cant really be a currency until bitcoin represents bitcoin, more than just financially but mentally and commonly. Right now, bitcoin is a number of USD, in the end. Apart from a few comedy items you can't really do much with them except swap them back to FIAT which is what 99% of the people investing are doing it for anyway.

Once people start thinking "wow, down to 1 bitcoin from 3bitcoins because its on action" and no further along, then we are getting somwhere. And don't tell me that will happen in el salvador. the bitcoin announcement in el salvador is just to make their horrendously corrupt government even richer.