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RE: LeoThread 2024-10-20 11:22

in LeoFinance3 months ago

We're up against impossible odds.

We're facing off against the fiat and banking system, which has dominated the world for decades.

Many much larger, more well-funded projects have tried, and failed, to successfully implement freedom money.

We get that we're the underdogs.

But we think we have the best shot of anyone out there at slaying this demon.

Expect a comeback for the ages.

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The fact that they're actively trying to destroy fiat in order to bring in CBDCs will give cryptocurrencies plenty of opportunity to increase their market share in the coming months/years.

We have to move quickly though, or we could get stuck on CBDCs!

I agree that time is of the essence.

I just don't see how they destroy the old system and bring in CBDCs without causing another huge bull run in crypto.

As more people wake up to what's going on, they will rush to put their wealth into the only non-confiscatable asset.

They swap out the payment rails, that's it.

Been hearing about Dash for a long time. Get that big bad beast!!!

You can start using it too. Inleo is doing an integration very soon, everything will align.

What do you think is the best (and cheapest) way for an average Joe or Jane to be able to get into supporting DASH infrastructure these days? 1000 DASH for a masternode is steep for most and ASIC miners are stupid expensive...

Have the devs ever thought of going to a more ASIC resistant algo similar to Monero where anyone can participate?

NOTE: I used to have some old D3s and used StakeCube for a partial masternode, but ended up going into other investments that went to shit (mainly Cosmos ecosystem, lol).

Good question. First, you can use CrowdNode (fractional masternode service, it's integrated into the wallet) and stake with any amount over 0.5 Dash, and earn. No KYC, but it's custodial.

Second, CrowdNode offers a trustless option if you have 100 Dash or more. It's more involved but they can't steal your money even if they wanted to.

Third, you can deposit liquidity in the Dash and LEO-ARB pools in the Maya Protocol. With the Dash integration there will be lots of volume flying across those two pools, and the Leo one is particularly tiny. More liquidity means cheaper swaps.

Dash is sticking with ASIC mining as changing the algo makes it easier to attack.

Is it not possible to co-exist? Fiat will not be going away anytime soon. People still like cash.

We'll have to co-exist for a time, but central bank-inflated money and fractional-reserve banking aren't good for humanity long-term.

We should do better. We WILL do better.

As more people adopt crypto the value of fiat will decline even more quickly.

Been seeing cash disappear in NYC... some shops don't take it and a lotkof people don't carry it either

Got me all hyped up .!!!