Adversarial Relationship Between Fiat Money and Crypto

Fiat money, created and controlled by governments, stands in stark contrast to cryptocurrency. While crypto operates in a decentralized and transparent manner, fiat money relies on central authorities and holds no intrinsic value. Historically, central manipulation of currency has often led to devaluation and collapse.The abandonment of the gold standard in 1971 marked the beginning of the fiat money era.

Cryptocurrency, particularly Bitcoin, emerged as a solution to the limitations and risks of fiat money. Decentralized and fixed in supply, crypto challenges the notion that money must be controlled by governments. This adversarial relationship urges us to rethink our understanding of money and its value. As we explore the future of money, crypto presents an alternative that emphasizes decentralization, transparency, and community governance.

Imagine a world where transactions are secure, censorship-resistant, and free from intermediaries. This is the promise of crypto, making fiat money its natural adversary. Understanding the fundamental differences between fiat and crypto is essential as we navigate this financial evolution. Will crypto be the next iteration of money? Only time will tell, but the conversation is just beginning.

Discover more about this fascinating topic on our website.

How Atomic Swaps Work?

Imagine exchanging cryptocurrencies without intermediaries, custodial risks, or excessive fees. Atomic swaps make this possible, enabling peer-to-peer transactions between users on different blockchains. This decentralized approach aligns with the ethos of DeFi, promoting security, efficiency, and trustless exchanges.

Key Benefits of Atomic Swaps

- No Centralized Exchanges: Eliminates the need for CEXs, reducing trading fees and custodial risks.
- Smart Contracts: Uses smart contracts and cryptography to ensure secure exchanges, making sure both parties meet predetermined requirements for a successful swap.
- Adoption by DEXs: This technology has been embraced by decentralized exchanges, setting a new standard for crypto trading.

For example,you want to exchange Litecoin (LTC) for Bitcoin (BTC) without using a CEX. With atomic swaps, you can directly exchange LTC for BTC, leveraging smart contracts to ensure a secure and trustless transaction. This pioneering technology has revolutionized crypto exchanges, promoting decentralization, security, and efficiency.Embrace the future of crypto trading with atomic swaps!Learn more about it here.

Crypto Speak: CryptoJacking
Cryptojacking is a cybercrime where hackers secretly use someone else's devices—like computers, smartphones, tablets, or servers to mine cryptocurrency.

Operating stealthily to avoid detection, this malware exploits device resources to mine digital currencies like Bitcoin and many others, all without the user’s knowledge.

The primary goal is financial gain for the hacker, at the expense of your device's performance and security.Stay vigilant and protect your devices!

?Hamster Kombat on Telegram Reaches 150 Million Users Amid TON Token Surge

The Telegram-based game Hamster Kombat has surpassed 150 million players, marking a 50% increase from the previous week's 100 million users. This growth means nearly one in five Telegram users have joined the game, which offers crypto rewards through a token airdrop in July. The game's popularity has made its announcement channel the most subscribed on Telegram, with over 38 million subscribers.

What is Hamster Combat?
It's a new Web3 play-to-earn game launched within the Telegram messenger, built on The Open Network (TON) ecosystem.It follows the same clicker Tap to earn model like Notcoin.

Hamster Kombat's success extends to other social media platforms, with its YouTube channel reaching 23 million subscribers and its Twitter account amassing 8.3 million followers. This surge is partly due to its predecessor, Notcoin, which saw its token, NOT, achieve a market cap of over $2 billion. The native token of The Open Network (TON), Toncoin, also hit an all-time high of $8.15, a 26% increase in two weeks. Inspired by these successes, new games Tapswap and Yescoin are set to launch on TON with similar token airdrop plans.

Digital Assets vs. Stocks:
In finance, digital assets and stocks are often conflated but represent distinct entities. Cryptocurrencies, like Bitcoin, are digital tokens with specific values, while stocks signify ownership shares in publicly traded companies. Stocks are traded on regulated exchanges, whereas cryptocurrencies are primarily traded on largely unregulated crypto exchanges.

Despite their differences, both assets share similarities such as volatility and high liquidity. However, their purposes diverge: cryptocurrencies aim to function as alternative forms of money, while stocks reflect ownership in companies.

When investing in crypto stocks, you're not purchasing cryptocurrencies directly but buying individual stocks in companies within the crypto industry. Examples include Coinbase, a cryptocurrency exchange that went public in 2021, as well as crypto mining companies and blockchain technology providers.

Understanding the distinction between digital assets and stocks is crucial for making informed investment decisions. While both offer opportunities, their unique characteristics and purposes necessitate different approaches. By recognizing these differences, you can make informed choices and potentially unlock new opportunities in the world of finance.

Random Bitcoin fact: Bitcoin is a deflationary asset.
It's total supply is capped at 21 million coins, making it deflationary as the supply cannot be inflated beyond the predetermined limit. This scarcity implies that over time, the value of Bitcoin is expected to increase due to limited supply and growing demand, making it a store of value similar to gold.

However, this nature also incentivizes users to hold on to their coins rather than spend them, potentially impacting economic activity.

After the halving, transaction fees on the Bitcoin network have skyrocketed.
A typical BTC transfer will cost $70–$90 and, in some cases, more than $100?

The reason for the sharp increase is the commissions of the Bitcoin-based Runes protocol, which allows for minting tokens on top of the main network.

What is a brain wallet?
A “brain wallet” is a method of cold storing crypto... in your head. Yes, there is such a thing, too ?

In order to create a brain wallet, you must come up with and memorize a lengthy phrase (at least 8 words), which is then hashed, from which you can derive the public and private wallet keys.

By using “brain storage,” you can keep this sentence entirely in your head and avoid having to write it down anywhere.

It’s a fun yet unsafe way to work with crypto:
▪️ First, to put it mildly, if something happens to the user’s brain, access to the wallet is lost forever.
▪️ Second, the phrase can be forgotten.
▪️ Thirdly, such phrases are much easier to hack than our usual seed phrases of 12 or 24 random words.

But there are also advantages:

You definitely don’t have to fear that someone will find your seed phrase written on a piece of paper and steal your crypto ?

However, we must repeat: This is an unsecure method of storing crypto, and we don’t recommend it.

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