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.
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)