What is “astroturfing?”
The term isn’t purely crypto, but in recent years, it has seeped into the blockchain world as well. It is the promotion of a product or service, such as an ICO, without disclosing a personal interest.
Celebrities such as Steven Seagal and Floyd Mayweather Jr. have been fined by the SEC in the past for astroturfing ICOs.
In other words, this is a situation where a celebrity who has received money for advertising “pretends” that they simply like the advertised project and recommend it to their audience.
The term isn’t purely crypto, but in recent years, it has seeped into the blockchain world as well. It is the promotion of a product or service, such as an ICO, without disclosing a personal interest.
Celebrities such as Steven Seagal and Floyd Mayweather Jr. have been fined by the SEC in the past for astroturfing ICOs.
In other words, this is a situation where a celebrity who has received money for advertising “pretends” that they simply like the advertised project and recommend it to their audience.
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Bitcoin Critique: Regular money works fine for me, so why do I need crypto?
Did you know that the purchasing power of the United States dollar has fallen by 95% since 1913? Since the U.S. dollar is the world’s reserve currency, it has a significant impact on all currencies.
Any money you’ve saved, even your pension, is like melting ice cubes: They lose purchasing power year after year. If your salaries do not keep pace, your financial situation will deteriorate over time. That is why wealthy people invest in things like art and real estate, which are greater stores of value than cash.
Did you know that the purchasing power of the United States dollar has fallen by 95% since 1913? Since the U.S. dollar is the world’s reserve currency, it has a significant impact on all currencies.
Any money you’ve saved, even your pension, is like melting ice cubes: They lose purchasing power year after year. If your salaries do not keep pace, your financial situation will deteriorate over time. That is why wealthy people invest in things like art and real estate, which are greater stores of value than cash.
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Bitcoin Critique: Cryptocurrency isn’t real, so how can it have value?
This is one of the most commonly used arguments. Only about 2%–3% of all money, as we know it, exists as coins and cash. The rest survives solely as records in a digital database.
Money has value because of how useful it is: It’s portable, divisible, fungible, long-lasting, and identifiable. It makes no difference whether the money is physical or digital, as long as it meets those requirements—and Bitcoin is one of them.
Given that fiat (government) money is only supported by authority (and the threat of violence or censure), consider why you believe your money has worth, whereas Bitcoin does not.
This is one of the most commonly used arguments. Only about 2%–3% of all money, as we know it, exists as coins and cash. The rest survives solely as records in a digital database.
Money has value because of how useful it is: It’s portable, divisible, fungible, long-lasting, and identifiable. It makes no difference whether the money is physical or digital, as long as it meets those requirements—and Bitcoin is one of them.
Given that fiat (government) money is only supported by authority (and the threat of violence or censure), consider why you believe your money has worth, whereas Bitcoin does not.
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Bitcoin Critique: What happens to my Bitcoin when I die?
Bitcoin, and crypto in general, come with a different level of responsibility than traditional money. This is a feature, not a bug. It suggests that you should have a plan to pass it on if you...well...pass on.
If you’re not careful, you could lose your Bitcoin forever; figures vary, but approximately 3 million BTC is thought to be lost for a variety of reasons.
Estate and inheritance planning from firms like Casa already exists to ensure your Bitcoin is transferred when you pass away.
Bitcoin, and crypto in general, come with a different level of responsibility than traditional money. This is a feature, not a bug. It suggests that you should have a plan to pass it on if you...well...pass on.
If you’re not careful, you could lose your Bitcoin forever; figures vary, but approximately 3 million BTC is thought to be lost for a variety of reasons.
Estate and inheritance planning from firms like Casa already exists to ensure your Bitcoin is transferred when you pass away.
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Bitcoin Criticism: Bitcoin is a fad; it will never catch on.
Kodak didn’t believe anyone needed digital machines. Sony thought the same way about digital music. Radio, television, the internet, cars, computers—virtually every significant invention in human history has gone through major phases of distrust and resistance.
Does this mean that Bitcoin and crypto are with us forever? Purely theoretically, no. But given that the market is not in its first, second, or even fifth year, it’s worth assuming that blockchains are something more serious than just a temporary trend.
Check out the attached image; it’s an article from 1996 making a prediction about the collapse of the internet.
Kodak didn’t believe anyone needed digital machines. Sony thought the same way about digital music. Radio, television, the internet, cars, computers—virtually every significant invention in human history has gone through major phases of distrust and resistance.
Does this mean that Bitcoin and crypto are with us forever? Purely theoretically, no. But given that the market is not in its first, second, or even fifth year, it’s worth assuming that blockchains are something more serious than just a temporary trend.
Check out the attached image; it’s an article from 1996 making a prediction about the collapse of the internet.
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Other ways to say: It's expensive 💵
✔️ It's pricey.
✔️ It carries a hefty price tag.
✔️ It's bank breaking.
✔️ It costs an arm and a leg.
✔️ It's exorbitant.
✔️ It's steep.
✔️ It's a bit rich for my blood.
✔️ It's a little spendy.
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💎 Basic Vs Advanced English 💎
💎 Open the door.
💎 Answer the door.
💎 Don't touch.
💎 Hands off.
💎 Stay right here.
💎 Stay put.
💎 No problem.
💎 No biggie.
💎 Leave me alone.
💎 Give me a break.
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Some common mistakes in English
😭 She doen't listen me.
✅ She doesn't listen to me.
😭 Don't be afraid from asking questions.
✅ Don't be afraid of asking questions.
😭 Everyone like her.
✅ Everyone likes her.
😭 You must to call him immediately.
✅ You must call him immediately.
✅ You need to call him immediately.
😭 He is a good cooker.
✅ He is a good cook.
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Other ways to say 🟡 It's cold 🥶
✔️ It's freezing!
✔️ It's so chilly out here.
✔️ I can see my breath, it's that cold.
✔️ I'm shivering, it's freezing.
✔️ It's bone-chillingly cold.
✔️ I can't feel my fingers, it's so cold.
✔️ The cold is biting today.
✔️ It's frosty.
✔️ It's teeth-chattering cold.
✔️ It's numbingly cold.
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JUST IN: 🇺🇸 Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of Bitcoin will be made in America."
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On June 16, the Ethereum ecosystem set a new record for transactions per second (TPS).
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and Arbitrum also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a TVL of $17.91 billion, and Base, in second place, has $7.59 billion.
Crypto News | Lessons✅️
🚀 The total TPS of Ethereum-based projects soared to a record 245.87, equivalent to approximately 21.2 million transactions per day.
👀 Xai's Layer 3 solution on the Arbitrum network accounted for about 41% of this total.
Until June 10, the protocol's TPS rarely exceeded one transaction per second, but then sharply rose to 101.72.
On June 16, Base and Arbitrum also made it to the top three leaders with TPS figures of 33 and 21, respectively. 🧐
Despite the high activity, Xai's TVL (total value locked) remains relatively low at $1.33 million, placing the network 45th in the overall rankings. 🤷
For comparison, the leading network on Arbitrum has a TVL of $17.91 billion, and Base, in second place, has $7.59 billion.
Crypto News | Lessons
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📈 The number of DEX users on Base has increased to a record high of 267,000. By this metric, Coinbase's L2 solution has surpassed BNB and is second only to Solana. 🙀
👀 By the way, regarding BNB. BNB Chain will undergo an update on June 20 to reduce transaction fees by 90% and improve performance. Therefore, the situation may change again, as low fees have always been a huge advantage. ⬇️💲💪
Crypto News | Lessons✅️
👀 By the way, regarding BNB. BNB Chain will undergo an update on June 20 to reduce transaction fees by 90% and improve performance. Therefore, the situation may change again, as low fees have always been a huge advantage. ⬇️💲💪
Crypto News | Lessons
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Kind
Joy
Lead
Comedy
Admit
Guest
Let
Generous
Front
General
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