Hey OP, always put a reference for such news. It seems the news is pretty old,

https://coinnounce.com/dan-pena-reveals-the-person-behind-bitcoin-says-it-will-go-to-zero/

Ignore Dan Pena! he always tries to make such comments to stay in the spotlight. He is no doubt a charismatic man but I wouldn't say he is an economist or a financial analyst. So there's no need to panic or believe that Putin is behind bitcoin. These are all conspiracy theories so read them, enjoy them and forget about them! That's the best course of action you can take!

Absolutely looser idea! We all love bitcoin here but that doesn't mean we will become negative toward the banking system! There's no need of doing that! Fiat money will anywhichways lose its value over time. But if we keep that in bank, at least some values will be filled in through the interest. The loss will be less if we keep the fiat in the banking system. It's a bad proposal to keep fiat at home.

If you don't like banking system, invest that money into stocks, mutual funds, businesses, and whatnot! Why to keep idle money at home? What's the use of it? We will get zero return and the value will decrease over time. With the banking system, you will get whatever return which will help you to cut down the losses. That's an acceptable situation.

That's probably their step to curb high inflation and to right against the currency devaluation. Which country you are referring to? El-Salvador?


Money printing is not a solution to repay debts. That leads to hyper inflation like Zimbabwe and Venezuela. Rather adding bitcoin as a reserve currency, may help that country to repay their debt during next bull cycle. Probably that's another reason the government is adding bitcoins in their reserve.

Hey OP, there are multiple games available in the playstore which can be included into gambling platform. There were multiple discussions happened here regarding skill based gambling platforms. Unfortunately, I have not yet seen a single casino with such skill based games.

Not just golf, we can included 8 ball pool, head ball 2, clash royale kind of games into gambling platforms but no luck yet, unfortunately!

Not at all blaming bitcoin! It is my main financial reserve and savings for the future. So there's no way I am going to blame bitcoin. But in the real world, we have multiple options available to pay instantly and without any fees (from the sender). Just do research on what IMPS is and then you will understand the level of innovation already available in today's world. Bitcoin will never be able to reach there. Bitcoin is a great reserve currency, but not as great as a method of the local transaction. For cross-border transactions, obviously, bitcoin is way ahead of the mainstream options available. That's exactly what I want to point out - centralized doesn't always mean bad things.

In the current era of speed and convenience, bitcoin doesn't stand a chance to become a preferred payment method. It's hard to admit for me as well but that doesn't change the truth!


Oh hell no! I never wanted this mess in the market. Every single day, some nonsense tokens are getting listed in the market where people are gambling to get rich. That's nonsense! 99% of the new tokens and coins are useless, but that 1% always stands out and that's what we need to encourage.

Centralized doesn't always mean bad. Bitcoin has many flaws as well. But it is still enjoying the highest popularity just for being the pioneer of the cryptocurrency market. Bitcoin transactions are slow. it doesn't have smart contract functionality. The block size is small and that's why we are seeing the requirement of having Segwit and LN sorts of addons. To be honest, no cryptocurrency is flawless. All big cryptos have their own strengths and weaknesses. Just because some cryptos are somewhat centralized, doesn't mean they are worthless. Keeping our minds open will only pave way for more innovation in crypto market and that's good in long run!

Doesn't make sense! Money isn't going away! We are going through a mild crypto winter and the situation will be normal again and we will see an influx of capital sooner than expected. It's just that FTX collapse and ongoing legal investigations against Binance are putting the market at risk and that's why a lot of investors are pulling away their capital. They will be back shortly.


The problem with renewable energy is that they require a large amount of investment, to begin with. Once it is set up and running, the operating cost is much lesser than any conventional source of energy. Such kind of large investment is usually out of the reach of a startup or a small company. We may see a completely different picture if the market comes back to its former glory so that mining companies are able to collect the fund. Right now it's somewhat dicey.

It's true and unfortunate! However, in a real world business, no financial services firm can operate without "knowing their customer". That's the rule everywhere! I am sure companies are learning from their mistakes and they will make themselves better over a period of time to secure their user's data. But at this point, no legal entity can operate without implementing KYC framework. Unfortunately that's the law!

I believe, companies will be more serious about data security of the government starts imposing heavy financial penalty for each data breaches regardless of the fact why and how it happened. Then only these companies will take data security seriously and start investing there!

Working hard is a great thing for society in general. Hardly working is a disaster! try to read the case study of Venezuela to know why their economy failed. Ample case studies are available on the internet. Freebies are one of the major reasons for their failing economy, alongside other things. So if some obligations make the men work hard, that's a good thing! Obviously, everyone needs to push their best to achieve great things in life

Inflation was always there and it will be always here! There's no way to escape it! Debts are very important for the economy because that's how new money is created! Buying something using installments, is not always a bad thing. What is bad is the rising price of food grains and energy! That's something government needs to control on priority.

That's quite unfortunate! I am concerned about what the future holds for Binance! They are already facing a federal investigation regarding money laundering, and this incident will allow the regulatory bodies and enforcement agencies to launch a full-scale investigation on Binance and eventually try to close their operations from US soil. Even though they are not directly involved in the drug trade, they will still face the heat. My concern is, that the ordinary public like us may see delayed withdrawals and suspensions due to all these nonsense matters. The cascading effect will be seen on the market which is already struggling with the falling price! Not ideal at all!

I Don't think the breakdown between poor and rich is correct here! It's all about the risk taking appetite of a human being. For example, Mr. Warren Buffet is extremely against the whole idea of cryptocurrency. He denied to invest in cryptos. He isn't poor. It's just that he is unwilling to take risk into crypto market. That's what the issue is!

I know people who have become poorer after investing in cryptos because they took loan for investment and didn't make any profit. That's what is is! Nothing to do with rich and poor.

CBDCs are indeed evil! With cash, we still had some certain degrees of anonymity. But with CBDC, that last amount of anonymity is gone as the government will have a bird's eye view on its citizens' finances. It will become extremely easy for the enforcement agencies to catch money launderers and tax evaders. But also, it will create multiple issues on a normal person's life. Fully digital economy is a highly risky proposition.

Bitcoin and other decentralised cryptocurrencies are definitely going to act as a vaccine to a centralised system where privacy doesn't matter anymore!

Car and housing markets are two very important indicators to understand the mode of the economy. Because these are two things that families own when they have some surplus money and a stable income source. So whenever there is a decline in car and housing demand and a rise in non performing assets, it's usually a very concerning matter for the economy. It shows that the income sources are drying out and new sources are not getting created. That also initiates a decline in demand of general consumer goods which eventually leads to more job cuts and income losses.

Probably the first world countries are moving towards a recession and the third world countries are going to be benefited out of it.

Good for Nigeria! It's great to see that Nigerian government has come out of the decision of completely banning bitcoin and other cryptocurrencies. Rather they are looking to legalize it. So Nigeria should be able to build businesses around cryptos in coming years with the availability of legal framework.

Nigerian government has finally realised that they can't control it. I hope other governments also acknowledge the same in next few years after trying their best!

I believe our lifestyle is the major obstacle in achieving the financial freedom. We are social animals and the society plays a big role in our lifestyle. We always keep on upgrading our lifestyle as our income grows and that's where we all make mistakes. We should keep a consistent lifestyle even if our income keeps on growing.

I will give you my example. I used to drive a very small and basic car since 2015. It was a zero maintenance car with low fuel consumption. Now in 2021, I had upgraded to a SUV. I didn't need that car but I bought it anyways just because my wife wanted to show off. The amount of EMI just tripled and the maintenance became expensive. I could have easily saved that additional amount of money. But my lifestyle didn't allow me so do so.

So for me, my lifestyle is the biggest blocker to achieve financial freedom early in life.

It's a very tricky thing to handle! One of the KPIs of an HR personnel is how much he/she is able to save from the budget given. So it's extremely rare scenario where a candidate will be offered 100% of the budget for a certain position.

Having budget doesn't mean that everyone will be eligible to achieve that. A candidate with 5 years of experience can not ask for a salary befitting a candidate with 10 years of experience. This is applicable for certain highly skilled positions only!

In crypto market, past trends has no value or relationship with the future. Take bitcoin for example. Usually the pioneering cryptos enjoy a decent upward trend and the traders are usually ride through that. So I won't use such kind of statistics to buy ETH. However, I will buy ETH because it is a pioneer in smart contract functionality.

Price trend is not really a great indicator in the crypto market to take up investment decision. Rather we will have to look into the demand and trading volumes in various exchanges.

Wow! Futures contract in electricity then! But if things will change in 2023, the situation may become even worse it seems. Energy price is constantly showing an upward trend so in 2023, if the miners need to renew their contract, that will be much higher than the existing price.

So the industrial miners will then have to face further issues with their cash flow. From what you know Franky, do you think 2023 is going to be bumpy for crypto market?

The main reason why the bitcoin miners are failing is the electricity price all over the world. Especially the European and US miners are hit by this constant surge in energy price. But it's good to know that their bitcoin mining business is still cash flow positive. I am not sure how long it will remain the same.

It's always unfortunate when a company has to file a bankruptcy. But here the only silver lining is that the bitcoin mining is still profitable. Hopefully they will be able to pay back their debt through mining. The chances are slim but worth a try!

I personally believe that staking is a great way to make some almost risk-free return on your investment. The only downside to staking is it's lock-in period. As OP rightly pointed out, if the price plummets during the lock-in period, your returns will evaporate. Otherwise it's almost risk free. If you are ok with small return but at a low risk, staking is a good option. Otherwise, trading is another option but with high risk.