Re: The trillion dollar damage (Was: Milestone or Maelstrom?)

I don't think so. Bitcoin is not exclusive.
Its not like THE GOLD. There are MANY GOLDS now.
Thats only idiot presidents talk even mentioning
the very specific bitcoin crypto currency, and
not crypto currencies more general that can come
in a variety of forms:
Q: What general categories of crypto currencies are
there? Like stable coins, meme coins . What else?
Cryptocurrencies can be grouped into several broad categories based on their purpose and underlying mechanisms. Here are some general categories:
Bitcoin and its Clones: Cryptocurrencies that are based on the original Bitcoin protocol, including Bitcoin itself and other similar currencies like Bitcoin Cash or Litecoin.
Altcoins: This is a broad category that includes any cryptocurrency other than Bitcoin. These can have a variety of use cases and technology.
Stablecoins: Cryptocurrencies designed to maintain a stable value, typically pegged to a reserve asset like the US dollar (e.g., Tether (USDT), USD Coin (USDC)).
Meme Coins: Cryptocurrencies created often for fun or as part of a viral trend. Examples include Dogecoin and Shiba Inu.
Privacy Coins: These focus on ensuring transactions are private and anonymous. Examples include Monero (XMR) and Zcash (ZEC).
DeFi Tokens: Cryptocurrencies used in decentralized finance (DeFi) platforms for lending, borrowing, and other financial services. Examples include Uniswap (UNI) and Aave (AAVE).
Platform Coins: These are cryptocurrencies associated with blockchain platforms that enable the creation and execution of smart contracts and decentralized applications (DApps). Examples include Ethereum (ETH) and Cardano (ADA).
Governance Tokens: Cryptocurrencies used for governance in decentralized networks, allowing holders to vote on protocol changes. Examples include Maker (MKR) and Compound (COMP).
Utility Tokens: Cryptocurrencies that have a specific function within their platform or ecosystem, like Chainlink (LINK), which connects smart contracts to external data.
Security Tokens: Tokens that represent ownership of an asset, such as shares in a company, and are regulated like traditional securities.
NFT-related Tokens: These are tokens connected to non-fungible tokens (NFTs) or digital collectibles, such as those used in the art and gaming industries.
These categories are not always mutually exclusive, and some cryptocurrencies might fall into multiple categories.
Q: Where does GALA or AUDIO fit?
GALA and AUDIO fit into specific categories based on their use cases:
GALA:
Category: Platform Coins / Gaming Tokens
Use Case: GALA is the native cryptocurrency of the Gala Games ecosystem, which focuses on creating blockchain-based games and decentralized game economies. It's used for transactions, in-game purchases, and governance within the Gala Games platform.
AUDIO:
Category: Utility Tokens / Platform Coins
Use Case: AUDIO is the native token of Audius, a decentralized music streaming platform. It is used for governance, staking, and rewarding content creators and curators within the Audius ecosystem.
Both of these cryptocurrencies are designed to support and enhance the user experience within their respective ecosystems, with GALA focusing on gaming and AUDIO on music streaming.
Q: Where does ETH fit?
Ethereum (ETH) primarily fits into the category of Platform Coins, but it also has aspects of Utility Tokens.
Platform Coin: Ethereum is the foundational cryptocurrency of the Ethereum network, which is a decentralized platform for building and executing smart contracts and decentralized applications (DApps). Ethereum enables developers to create a wide range of applications, from financial services (DeFi) to gaming and NFTs.
Utility Token: ETH is used as "gas" to pay for transaction fees and computational services on the Ethereum network. It's essential for interacting with smart contracts, executing DApps, and running decentralized autonomous organizations (DAOs) on the Ethereum blockchain.
In summary, Ethereum is both a Platform Coin (because it's central to the Ethereum ecosystem) and a Utility Token (because it's required for operations on the platform).
Q: Platform Coins allow the creation of other coins?
Yes, Platform Coins (like Ethereum) enable the creation of other cryptocurrencies or tokens through their blockchain. These platform coins provide the infrastructure and tools for developers to issue new tokens that can have specific use cases within the platform's ecosystem. Here’s how they work:
Smart Contracts: Platform coins like Ethereum, Binance Smart Chain (BSC), and others allow developers to create smart contracts—self-executing agreements with the terms directly written into code. These smart contracts are the foundation for creating new tokens, which can represent anything from assets to utility rights or governance power.
Token Standards: Most platform coins follow specific token standards that provide guidelines on how tokens should behave. For example, on Ethereum, the ERC-20 standard is commonly used for creating fungible tokens (like stablecoins or utility tokens). The ERC-721 standard is used for creating non-fungible tokens (NFTs).
Initial Coin Offerings (ICOs) / Token Sales: New tokens can be launched through ICOs or token sales, where developers offer their tokens to the public in exchange for platform coins (like ETH) or other cryptocurrencies. This process allows for the growth of the ecosystem with additional tokens or assets that interact with the platform.
In summary, Platform Coins serve as the backbone for many other cryptocurrencies and tokens by providing the infrastructure to create, transfer, and interact with new digital assets. Ethereum is the most prominent example, but there are other platforms (like Solana, Cardano, and Polkadot) that offer similar functionalities.
Q: Some Meme coins run on ETH other on SOL ?
, meme coins can run on different blockchain platforms, and some of them are built on Ethereum (ETH), while others may run on Solana (SOL), or even other blockchains.
Meme Coins on Ethereum (ETH):
Ethereum is one of the most popular blockchains for launching various types of tokens, including meme coins. Ethereum’s robust infrastructure, large developer community, and established ecosystem make it a common choice.
Examples: Dogecoin and Shiba Inu were initially associated with Ethereum before growing in their respective ecosystems. Even though some may move or operate on other chains, they started or still have connections with Ethereum.
Meme Coins on Solana (SOL):
Solana is another popular blockchain that is known for its fast transaction speeds and low fees. Some meme coins are being developed on Solana due to these advantages, which can be particularly appealing for meme coin communities that require quick, low-cost transactions.
Example: Bonk Coin (BONK) is a meme coin that gained attention and was created on the Solana blockchain.
Why Different Blockchains?
Ethereum: Offers a mature, well-tested environment with robust tools for creating tokens (via ERC-20 or other token standards) and a large user base.
Solana: Known for high-speed and low-fee transactions, which makes it more attractive for meme coins and other token projects that need fast and inexpensive operations, especially for communities that engage in frequent transactions (e.g., buying and selling meme coins).
In short, meme coins are not limited to any single blockchain and can be built on any platform that supports smart contracts or token creation, with Ethereum and Solana being two of the most common choices for such projects.
Physfitfreak schrieb:

 Even now, with Bitcoin over $100k, if you have extra cash you need to buy Bitcoin. Because it will go up as soon as anything happens in the world. Iran retaliates against Israel? Bitcoin will go up. Syrian war gets more intense? Bitcoin will go up. Trump fucks up again? Bitcoin will go up. Iran signs off from NPT and walks away? (they're very close to do that) Bitcoin will jump up!
 With Nazis around, Bitcoin is the winner. Invest in it. Nazis don't go away by themselves, you know. A lot of messy processes will cause that. Bitcoin will protect you along that troublesome way.