It's not a news to cheer about! A state owned company mining bitcoin should not be supported by anyone. If their pilot is successful then you can easily expect multiple other organisations to invest in their own mining facilities. Many private companies can initiate the same. It will effectively centralize the network.

Corporates participating into mining or crypto ecosystem is a threat to decentralised network.

NFT itself is a gambling. Not by nature but investing in NFT is a kind of gambling itself because you never know when you are going to win big or when you are going to loose all. But co-existence within a single platform may not be possible!


None! There's nothing useful in NFT. Probably some gambling platforms may use a costly NFT as mega jackpot in some of their promos. But that's it!


I believe sandbox has similar kind of functionality. But I don't know much about this platform so go ahead and explore!

Elon is a business predator but a strong supporter of internet freedom and cryptocurrency. So personally I think this takeover would have been a blessing for the people who believes in free speech and internet freedom. So I am a little disappointed that deal is now called off. We probably would have seen a very different Twitter if Elon could become the owner of Twitter.

But no worries! Better luck next time!

Inflation is nothing new mate! Now the concern here is high inflation.USD and any other currency is bound to loose it's purchasing power. The same will happen for stable coins as well if they are backed by USD or any other currency. However, it works in a different way.

1 BUSD will remain as 1 USD but what you used to purchase with 1 USD, will now be sold at higher than 1 USD. That's how it works! Apparent value will remain same while the pur having power will decrease.

Also don't wait for bitcoin to come down to 12k as it may never happen. Start from today and buy in small quantities to average out the buying price.

It's quite common for high inflation regime. It effectively reduces the purchasing power of any currency. Imports become costlier, internal transportation cost increases and the same trend follows for the commodities. There are couple of ways to control it and central banks everywhere are taking actions accordingly.

Now I see some people are vouching for CBDC to control it but you need 5o understand that CBDC is just a digital version of the main currency so it's not helpful either. But this is the best time to enter into stock market for medium to long term.

If the underwater cables are cut off, the internet connectivity will suffer for the entire world and not just the bitcoin miners. However, we do have alternatives available like satellite internet but they are very costly so miners will have to spend more money to get their operations up and running.

So this will be a disastrous situation for the entire world. However, I don't see this happening anytime in the future considering every single countries are heavily dependent on the internet.

I can safely say the main reason is the ongoing Russia Ukraine war and the sanctions that some western countries have imposed on Russia. But do you understand who is playing the main game from behind? It's US! After the war started US has imposed multiple sanctions on Russia and some EU countries like France or UK also followed through without understanding what game US is playing with them from the disguise of NATO.

US people is not paying the price of the war, rather EU countries are facing huge issues. But who wanted to reach to Russian border in the disguise of NATO? - It's US! Russia has pushed back because no one wants their enemies to reach to their border. This entire war is prompted by US and look who is paying the price - EU.

It's good and reassuring to know that some politicians are actually able to understand the power of bitcoin and the power of a decentralised network. Because majority of this lot thinks that making laws will allow them to stop bitcoin which is obviously not true!

I hope she will remain vocal about bitcoin and eventually help the users to get a favorable legislation as a whole which is still missing in US.

First please get some facts right! El-Salvador did not just make bitcoin legal tender but they made it the official currency. Mexico is not going to do the same! They are going to adopt bitcoin as a legal tender alongside their official currency system. So both cases are different.

That's a wise way to do it unlike El-Salvador! This way Mexico will be able to protect themselves from bitcoin's volatility while enjoying the innovation!

There is a thread in the legal section of the forum loaded with important information,

https://bitcointalk.org/index.php?topic=5349166.0

Usually you do not have to worry if you have just done a trade through localbitcoins and are not involved in the scam.  It will take time but if you approach the IO in person, that will make the most impact.

Everything boils down to one thing - business profit! Installation of an ATM machine along with the rent of the space is a costly affair. So if those ATM machines are not bringing business profitability to the installer, why would any business entity bear the cost for an unforeseen time? No business would do that because it's a stupidity.

Crypto adoption is at a very nascent stage at this moment. So some locations may provide income, but as a business, installer needs to a cost benefit analysis and optimize their revenue stream. Probably that's what is happening!

There is only one solution to the African problems! Keep the western influence out of the country. Their corruption is sky high and 99% of the leadership is running their countries under western influence.

All the civil wars are funded by the west through their leadership. So if they really want to prosper, they have to throw out western influence and the current leadership.

None!

There's no connection between web3 and bitcoin. Web3 is mostly related to cryptocurrencies like ETH, Solana etc. Bitcoin is not a part of web3 platforms. Even though bitcoin can be used for purchased in web3 but bitcoin is not the pre-dominant cryptocurrency of web3.

Just as a side note - Web3 is a marketing buzzword and an illusion. It is bound to fail.

While the news is definitely good but honestly I don't feel very comfortable while I listen to such news. Bitcoin is honestly not built for the mainstream economy. Even though we want it to happen because it will increase the demand and the price.

But if bitcoin becomes the part of mainstream economy, it will be subject to more scrutiny and regulations. Which eventually might risk the concept of financial freedom. That will definitely not be great!

I am super doubtful about this! But if it happens in reality, that will be a big blow for US economy. It will drastically decrease the demand of US dollar and hence the exchange rate will be decreased.

But don't try to link it with bitcoin. Because even if a new world financial order is being formed, bitcoin is highly unlikely to appear there. It is possible that these countries will try to push their own currency system to trade internationally.

Bitcoin is a boundary free currency system so anyone who has access to internet, can freely use bitcoin. That's the beauty of bitcoin! So if any country adopts it as a legal tender, they can indeed use it towards their best belief. However, there is a risk element to everything and bitcoin is no exception here. It can be used for criminal activities as well it's very very difficult to track for the enforcement agencies. That's one point which is acting as a bottleneck for a lot of governments.

Also the price volatility is another challenge. El-Salvador is definitely experiencing it in a hard way. So every government that are planning to adopt bitcoin as a legal tender. needs to have risk mitigation plan ready. Scraping their own currency is not good. Bitcoin can be simultaneously used alongside their own currency which is better and there is a fallback point. Completely depending upon bitcoin can bring disasters!

Thank you very much @ryzaadit. This is what I was looking for!  But I am also looking for the experience of fellow forum members if they are using any of these staking pools. Experience matters!

To be honest, rocketpool looks great! I will do some more research on them before staking my coins. Also it seems that withdrawal of staking coins is not possible at this moment.

Owning stocks of profitable sector or profitable business is always a good way to make money. It is not just limited to gambling and related activities but this can be attributed to any other profitable sector as well. If you see a housing boom in your country, you can always buy stocks of cement companies and steel companies because they are the raw material suppliers of this sector. If you see a motor vehicle boom in your country, it is always good to buys stocks of Motor companies, tyre companies or car accessories manufacturer companies.

But I don't think we do have any opportunities to buy stocks of the crypto related casinos here or to profit from it. 

Hi all, as the ETH has now moved to POS mining, I am willing to stake and earn some returns on my long idle ETH coins.

Do you know about any pool staking platforms open yet? If yes, please share the details and also share your experiences with them.

That's the security of government bonds of a stable economy. Gilt bonds are mostly purchased by the institutional investors and they usually invest a lot of money into such bonds. It's good to see that UK government is solvent and is able to deliver on their commitments.

However, I noted that this is actually not a buyback of expired bonds, but ongoing bonds which will be done through auctions. Not sure what's the strategy behind this but I am sure that the UK market will cheer about this news!