I completely understand what you are trying to say! We all have seen that transition. That's why I have mentioned unless a technological breakthrough is achieved and unless the price of batteries is slashed, it's hard for EV to see commercial success. Also, a lot depends on the EV infrastructure. I have seen many EU countries have decent EV infra, especially Norway! But this is easier for a smaller country to manage. But for bigger countries like India or China or Russia, it is extremely difficult.

But the silver lining here is that the governments are taking an interest to promote EV through tax benefits and policy changes. I will end with a personal story. I had purchased my second car in December 2022. The same car is available in EV as well but I have got the petrol one. It is simply because the EV car with the same feature is at least 30% costlier. The price is a big factor.

Can be a reality in smaller countries like many EU countries but not at all practical for the bigger countries like Russia, China, US, India, Australia etc. Also the price of an EV is a big turndown. 40% of the cost goes to just it's battery.

I quite often go for a long drive. I do at least one long drive every month. Now if I want to use EV, every single time I will have to halt for at least an hour just to recharge the car.

So the target of 2035 looks quite ambitious to me. Unless a technological breakthrough is achieved like fast charging or extraordinary range, EV will remain impractical for bigger countries.

Excellent summary! That's exactly what it is!

Why a government would be so concerned about the privacy of its citizens? These kinds of laws are just eyewash, not to be believed or to be taken seriously!

Usually, a person will be forced to declare his/her private key only if they are being prosecuted by any government department, especially IRS. So they can't be protected under this bill. So it doesn't really make sense!

Bitcoin or any other cryptos can surely help the economy by increasing the purchasing power of the people. Those who have invested in bitcoin and are currently in profit can surely use that extra money to buy things from their local market either by using bitcoin or by fiat after converting it. That's the only way bitcoin and other cryptos can help the economy.

The other way to help is through taxes. There are a lot of people including me, who like to do the taxes diligently. So whatever extra earning they get from bitcoin, they calculate tax on it and pay to the government. That's another way but the numbers are insignificant.

Even though this one looks staged, a lot of young generation people do not know anything about bitcoin. At my office, out of 84 people in my team, I have found only 3 person knows about bitcoin. What's sad is that most of them are in their mid-20s. If this age group doesn't know about bitcoin even after being in IT industry for a couple of years, how would you expect any random teenager will know about it?

Many governments are actively trying to bar bitcoin related information from reaching out to their citizens. They are also forcing banks to send out mass mailers stating bitcoin is a scam. So the result is quite expected!

Even though Bisq has added INR trading pair, I see no offers available there! With the unfortunate closing down of localbitcoins and localcryptos, I expected BISQ to have some offers. Still, unfortunately, INR trading section is not at all active and has no offers yet. I have tried checking at different times but the result is the same.

Also with such a non-custodial and non-kyc exchange, there's always a considerable risk of dirty money being pushed to the accounts of commoners like us. It seems the only option for Indians will be to use Indian exchanges like Wazirx, Bitbns etc. going forward. Not really a favorable time for Indians in the crypto market.

It's always good to keep your eyes open while doing DCA. So I wouldn't suggest you to invest same amount in all market conditions. Rather, invest more when the price is less than your average buying price and invest less when it is higher. That's the wisest route to take.

Because if you keep investing same amount when the price is higher, you will risk increasing your average price. So play slow when the market is higher than your average buy price.

Is it a surprising news to you? If yes, then you were probably living under the rock. Slowly every nation will make rules to ban anonymous payment or privacy coins. It's just a matter of time. Anonymity is the biggest headache for the governments and this is effectively delaying the crypto adoption of many governments.

Dubai is usually known for their lenient rules and regulations. But when they are emphasizing on registering the crypto companies, they might have a plan for them. Let's just hope that the plan is favorable for the crypto market.

Hinderburg is nothing but a shirt seller. They have done it earlier and now they are targeting India. probably some wealthy leaders are too jealous by the growth of this conglomerate and that's why such attack has happened on them.

It's now the best time to buy Adani stocks as they are selling at a huge discount. Since their fundamentals are strong, I see no reason for not buying their stocks. Adani just needs to reduce their debt which they have already started working on. Hinderburg will learn the lesson soon!

Problem gambling can happen in every format. Be it an online casino or offline casino. So not sure why bitcoin gambling is highlighted in the subject line. It could have been written in a more generic way.

Problem gambling depends on an individual. Gambling houses have no role there. Gambling is a legal business and there are several medical resources available to counter/handle problem gambling. The link you have shared is one of such resources.

No surprises there! Same has been done in my country as well.  This is a well thought-out move by the world leaders. Every government understands that crypto market has not yet reached to an extent where they can survive on its own. A seamless integration is needed with fiat for the crypto market to survive and grow. So the governments are cutting the access to banking services for the crypto related businesses.

In my country, the government did the same to a company called Zebpay. Now they have moved to Singapore and operate in 30 countries except my country. Options will be there but now the crypto businesses will have to go through a lot of regulatory hassles.

I guess this is what we will have to live with. But such kind of actions from the government will give rise to unlawful activities surely increase complications for both parties. Quite unfortunate but when we have a finance minister like Nirmala Sitharaman, I honestly did not expect much thought out process from the government. When the leader is incapable, this is what we have to face.

Focusing only on crypto hub won't solve Busan's problem. Making it a crypto hub will surely make Busan a destination for young tech population. But focusing on other industries will seal the deal. Also as Crwth mentioned, providing financial incentives for the family planning related things will also have a long lasting effect.

The major reason why young people are afraid of having babies, is the financial burden that comes afterwards. If this can be bridged along with job security, could counter the issue in Busan.

Good for UAE and its government. Bad for people who enjoys the accumulation of wealth in this zero tax country. Now everything will be seen by the government and financial privacy will become a thing of past in UAE.

In 2023, multiple other countries will implement this CBDC infrastructure. For rich countries like UAE, it might not become a problem. But for poorer nations, it will be used as a tool for force taxation. Mark my word!

It seems the Indian government has vowed to destroy the crypto community here. First with 30% tax with no loss offset and now punitive actions. The crypto traders will be effectively discourage.

Personally I am actively considering going out of crypto market forever. I will probably withdraw my entire crypto assets to INR and pay whatever taxes needs to be paid. Honestly I don't need those extra tensions and nonsense from government agencies.

Monero has multiple workgroups. So I won't be surprised if Monero decides to move to POS. Anyway Monero uses a CPU only algorithm for mining to have increased network participation. To increase it even further, they can surely move to POS.

But I have not seen any such proposal in their blog or in any news yet. So if you ask for possibility, it is possible but if you ask for plan, I don't see any!

Well, I have given the same kind of argument about UPI in this forum. When it comes to convenience, nothing beats UPI. Almost 7 countries have implemented this architecture already and soon it will be available to more countries. So no one can beat this argument.

The only place where bitcoin shines is privacy. There's actually no other benefits when compared between bitcoin and UPI. When you hold fiat, your government knows all about your finances. When you use bitcoin, no one will know a thing unless you tell them specifically. That's the only thing where bitcoin is unbeatable.

Legal frameworks are always welcome if they are favorable to the interest of the crypto community. But when a government body tries to present themselves as a friend towards an unorganised sector like cryptos, it raises suspicion!

When a state takes such initiatives, it's usually an attempt to categorise and gather the total number of miners in the state, then impose a special state tax tariff.

I hope mississippi will do none and will help the miners in a genuine way!

I won't say we are technically into a recession yet but the foundation is being built for sure! Global tech and marketing companies are firing people like crazy because they understand that there will be a huge decline in the demand. Some product based companies are not going to meet their revenue forecast. Things are tough!

But as you rightly said that it will be less severe than 2008, hopefully! The GDP growth hasn't stopped but slowed down for sure. Unless the inflation is tackled, you will get into a recession for sure!

Nope! I don't see bitcoin dominating the global currency market anytime in future. The world may change focus from USD to EUR or even local currencies, but not bitcoin.

As of now, only one country has adopted bitcoin for all kinds of payments. I don't know what other countries you are referring to.

Bitcoin has created a parallel economy stream and thriving there. It is not meant for mainstream economy for a simple reason - decentralisation!