Nishchal is a rock solid guy so if you have funds in your Wazirx account, it should be all safe. Unless the Indian government decides to close their offices and arrest the directors (which they can), you should be good with your holdings.

Also they have got backing from Binance. Wazirx is a part of Binance. So CZ is very protective about the brand he had built. Unless Indian government decides to completely close down their business, you money should be safe.

A complete non-sense! An avid gambler will gamble or play slots whenever he/she feels like unless and until that gambler is superstitious. So there's no set time for playing slots for anyone. It can be the time when a gambler get back from his/her day job and require some relaxation and adrenalin rush at the same time. There's really nothing fixed. Yes, during weekends you may see a little more footfall because people get more time during weekends so a gambler would want to spend time gambling during weekends. But I have never noticed a pattern where I have seen higher footfall during a particular time of the day. Probably a gambling website owner would be able to tell that!

It's impossible in reality. Also if a particular government buys all 21 million supply from the market, then the price of the bitcoin will turn back to zero because there will be no seller in the market. So the market will be straight away crashed to zero. One basic parameter of bitcoin is its decentralization, once it's gone, the foundation of bitcoin will be destroyed. So no government would try to do such a highly costly adventure which will eventually turn back to zero.

Bitcoin's price is based on demand. So if there's no seller in the market, buyers will eventually move out of the market and will look for an alternative. So probably a new coin will rise to fame if bitcoin is purchased by government and kept under safe custody. Overall, it is an imaginary situation which will never ever happen. At least not in our lifetime!

Please get your understanding right! CBDC is a government released currency while stablecoins are cryptos. Both are structured in different ways.

CBDCs are definitely beneficial for the issuing government in multiple ways. But for citizens, it's an issue for their privacy. They will have convenience obviously, but the financial privacy will be gone forever. Only time will tell how much successful they will become.

If I am not wrong, I believe in the beginning of this year, Nigerian Central Bank has banned bitcoin from the country. If this is true and if an entrepreneur is building a village on Nigerian soil which will be solely powered by bitcoin, might create issues with administration.

It's like ignoring a national order completely and going on an financial adventure withoit thinking about the potential penalty it may bring.

While such initiatives are welcome, but I am afraid of the future repercussion.

From price point it's fine. However, if you are investing money to mine ETH, I will request you to exercise caution. Because since a long time, ETH algorithm change to POS is ongoing. It has not been scrapped yet. So you can expect it to happen by the end of this year.

In that case, you will either have to move your hardware to mine aome other coin or you will have to join the group of people who are planning to fork away from ETH. So think before you spend.

Pi coin is clearly a scam business without any future potential. Please understand one simple thing, you don't require any specialized hardwares for mining this coin, you can do it right from your phone. So it means this coin is available for free of cost, there is no production cost to it. Why do you think it will have a value?? People will just use their smartphones to mine!

Secondly, you need to be KYC compliant before you can withdraw this coin. This way the owners are gathering millions of KYC data from its miners. Who knows, these data will someday available in the black market!

Avoid this at all cost!

Don't believe everything that western media tells you. India's internal demand of oil is so high that they import 90% of their oil demand from various countries. India sure did import oil from Russia, but never sold them to anyone. A country only sells something which is not absorbed by their internal demand. India is clearly not in a position to sell oil.

Read the official statement - https://www.thehindu.com/news/national/india-is-not-a-conduit-for-russian-oil-sales-jaishankar/article65491475.ece

Hope it helps!

Such decision should be taken based on couple of parameters. It's risky anyway but mining is a serious business so it can be started through a loan.

1. Cost of electricity
2. Interest rate on loan
3. Detailed profitability calculation to see monthly profit after paying electricity bill and loan installments
4. Cost of hardware
5. Maintenance cost of hardware

Unless you have these data points in front of you, it's not wise to say a blanket no.

I don't see ETH taking over bitcoin, ever! Bitcoin is a true pioneer of the crypto market and the current market dynamics is very much dependent on bitcoin itself. ETH has a long way to go and with its ongoing transaction fees, ETH can never become a market leader.

We may start seeing some institutional interest on ETH once it moves to POS algorithm which may increase its price. But when comes to driving the market, ETH is still too small!

Bitcoin mixers and coinjoin services could be the next target for sure! Mixers are used for enhanced privacy but there's no denying that it could also be used to hide the trail of dirty money and criminal proceeds. It is impossible for a mixer service to understand why the users are using it for. So bitcoin mixers can face the wrath of the US authorities anytime in future.

LN is here now but if they are forced to shut down the nodes, they will be forced to shut down their services as well. I know it's extremely difficult but not impossible!

Lol! Your statement shows that you have zero idea of what a recession is! Price never drops down due to a recession. Rather it increases the price of commodities because the purchasing power of a currency reduces. If a commodity costs 100 USD today, it will cost 106 USD tomorrow if the inflation is 6%.

Inflation is a pretty normal thing. It happens everywhere. But high inflation is a challenge and there are several measures available to control it.

That's not good for the second largest crypto like ETH. I know people have invested a lot of money to setup their mining operations and might not want to go ahead with POS, so they will fork out. But with poloniex supporting this fork may bring the matter to an entirely different level.

But to be honest, I am not sure when this movement from POW to POS is going to happen! That's still a big question!

What's the problem with both? I personally have a day job and a business. I have hired one person to manage the business so that I don't get troubled while I am in office with my employer. Once I am back from office, I check the reports and provide further guidance to that person. I also do a good amount of customer connect during the weekends where I get their feedback to make my product even better.

I agree that not all kind of business can be done alongside a day job. But if someone is willing to take that extra effort, they still can sustain both professions simultaneously.

It's a psychological trick that is often practiced in Japan along with couple of other activities. Yes, I have practiced this couple of times and it indeed gave me a complete control on my finances. Card payment is always convenient but it comes at a cost. This cost is even higher in crypto payments.

On the other hand, keeping cash at home gives you a bird's eye view on your finances which tells you how much you should spend and on what. Crypto is a bad payment method if you compare it with other available options.

Noble thought! It will help governments earn some extra money out of this crisis. But a government needs to understand that these oil companies are mass employers. They must not start firing people to make provisions for this extra tax. Then the result will be negative on economy which is already struggling with high inflation.

Also third world countries can misappropriate such taxes which may not reach to the target mass and can go into the political funding.

Sports is something where we need to utilize our skills. Poker requires skills without any doubt and its same with billiards. Any other card games also require mental skill and strong observation power. So these can be considered as sports for sure.

However, slots or Plinko or coin flip games are purely luck based. People usually play them for leisure. These can't be considered to have a sports tag. In my country, both Cricket and football are very famous sports in gambling circuit.

Absolutely correct! Bitcoin has become a speculative asset. It's neither used as a currency nor as a safe heaven asset. There are multiple issues for both.

Nowadays, making payment is free, so it makes no sense to make payment in bitcoin.

Also a safe heaven asset should retain its value for a longer period of time. Bitcoin is clearly more volatile than any other assets. So it's not a safe heaven asset either.

What realistically bitcoin has become is - speculative asset to make quick money from the ups and downs.

Sad but true!

Yes, decentralization can exist without the support of a blockchain. If you are an old school computer user, you must have used torrents to download movies and games. That's one prime example of a decentralized network existed long before blockchain came into existence. I don't know how Kleros works, but it can certainly exist without a blockchain and still remain decentralized without an authority figure.

Or is my understanding on decentralization flawed?

It's quite strange that Microstrategy is looking at bitcoin with a short term outlook! Bitcoin is a long term game. I wonder what this company will do once we are back into bull cycle and the price will break the previous ATH. Will they re-instate Saylor as a CEO? As an executive Chairman, Saylor will not have much power to take direct decisions. That's why Microstrategy is offering this post to him. CEO is the one, who will take decisions and Executive Chairman will just have to sign it. That's all the power he will have. So I doubt Microstrategy will ever invest in bitcoin again.

In a way, it's good for bitcoin because a single entity will not accumulate more and take it toward centralization. But it's hilarious to see a company taking such decisions based on a short term outcome. Not good and it lacks vision, clearly!