Sad news for Indian friends who make cryptocurrencies sources of their income. Theres a lot of Indian individuals that are in crypto. I wonder what would be the purpose of their would be Crypto Rupee if they will not eliminate paper Rupee totally. The government must want to clean the country of any other cryptocurrency to circulate before they launch their own.
India is not a very rich country, and a large portion of the population lead a hand-to-mouth existence. For millions of such people, cryptocurrencies are the source of passive income or additional income. You may not believe this, but an amount as small as $30 per month can make a lot of difference to many Indians. It is sad that the government is taking away this opportunity from such people. |
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In India most of the Crypto users use Localbitcoins.com to convert their crypto to cash .and they are other local peer to peer trading websites like wazirx.com
In India, there is hardly any other option. All the local exchanges have been closed down by the government, and it is very difficult for the international exchanges to credit fiat payments to the Indian users. So the fiat-to-crypto and crypto-to-fiat conversion is mostly happening through peer to peer network, but sometime in the future the government is going to implement a crack down on that route as well. |
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If the main intention is to prevent under-age players from participating in gambling, then I would say that KYC will be having hardly any impact. I have seen kids as young as 12 years using the Tor browser in my city. Don't you think that they will be tempted to use illegal gambling sites (where KYC is not required) in case the legal ones ask for KYC?
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Few observation as an outsider.
1. Cricket took a hit in Pakistan when SL team got an attack. Result: local cricket suffered drastically.
2. PCB not taking any step to kick start Domestic cricket, Pakistan is a gold mine for raw talent.
3. Petty politics in Cricket: Everyone wants to play politics here except cricket. Be it cricketer, Journalists, or management. Merits don't matter much for them.
4. Former cricketer doesn't have any say at all. PCB should include likes of Javed Bhai, Wasim Bhai, etc in a loop.
Still, 4 matches left. Anything is possible in cricket.
I hope that in case Pakistan gets out from Tournament then PCB will take the necessary step to cure cricket in ground level not blame game.
#1 is the cause for 90% of their troubles. Unless they resume playing international cricket in Pakistan, the PCB will remain as cash strapped as ever. It not just affects the funds inflow. It also has a negative impact on the younger domestic players, who never get a chance to play with the international players (who are mostly based in the UAE nowadays). |
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Edit: Yesterday i chose Pakistan and today i choose West Indies. It seems the team which i chose always lose.  Then please never choose Bangladesh  At the moment, the match is in favor of Bangladesh, Tamin is playing his first good innings in this world cup, I wish he convert it into a century and help the team to victory. Was there really any need for you to post this? Tamil Iqbal is gone. Run out attempting an unnecessary single. He was too late in getting back and the bowler (Sheldon Cottrell) ran him out. Just when the Bangladeshis looked like they are in the driving seat, they gifted the initiative back to West Indies. This has been the story for Bangladesh, tournament after tournament. They will always remain like this. |
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England have beaten WI easily by 8 wickets and Root have made another century. England are going strong and playing the best cricket and one of the good contenders for this world up to be in finals . Today’s match was all round performance by England team .
Rather than the good performance by England, it was the appalling performance by the West Indies that caught my attention. After performing well during the initial one or two matches, they are back to their usual ways. The fighting spirit was completely missing from the WI team. After the fall of the first 2-3 wickets, their batsmen played as if the match is already lost. |
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Please correct me if I am wrong, but as far as I know there is no KYC requirement with Binance. So if the user access the exchange through a VPN, then it will be impossible to know whether he is from the US, or from some other country. So are they going to enforce KYC for all the customers? Even that is not a 100% risk-free method. Users in the US can find someone in third world countries to do the KYC for them.
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So, cryptocurrency is banned in India, but do you think Indian people will stop using Bitcoin? No way! A lot of people took cryptocurrency as their income source. In India, millions of people are jobless, they do online earning things to lead their life! They are enough smart to use VPN and other secret deal. Though I am not suggesting these things, but I saw people, even some of my Bangladeshi friends do these things to use Bitcoin! For your kind information, most of the big miners live in China! China banned ICO, STO, and other investment materials, not cryptocurrency! So, your opinion is worthless here! Bitcoin is not dependent on these two countries!
A jail term is definitely going to discourage the vast majority from using Bitcoin. Using a VPN is OK. But when you convert your coins to fiat, there will always be some trail that can be traced back to you. Just remember that this is a country that tried to ban PayPal, and banned porn. Commonsense is a trait that is missing from the lawmakers of India. |
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Nothing special happen both teams will have 1 point each and we will have very poor and bore day I am also very fed up with this situation they need to think about it or have covered grounds option also as they are doing for Tennis.
How much is it going to cost, to have the covers? The TV broadcasters are paying huge sums of money and I am sure that ICC can use some of that amount to explore that option. When we have day-night test matches, why can't we have covered cricket grounds? The technology has advanced very fast and I think it is possible now. |
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In my opinion, investing in altcoin is still feasible in 2019. because there are still many altcoins that have good and expensive prices in the crypto market. thus if we want to invest in an altcoin, then choose an altcoin that ranks in the top 10.
If you want to invest with a low risk, then investing in those top 10 cryptos in the market is a good choice. There are still promising coins out there not just with those top 10 coins. Just do your research. It is still worth to invest in altcoins. The end of bear market is near, so you gotta invest more. I won't say that all the coins out there among the top-10 list are safe. There are very volatile coins, such as EOS, Bitcoin SV and Binance Coin among the top-10 cryptocurrencies. Also there is the shady cryptocurrency Ripple, on which several advisories have been issued by analysts. Just stick to reputed and coins such as BTC, ETH, BCH, LTC and XLM, if you want to be safe. |
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The attraction of some unknown coin giving 100x or 1,000x return is too hard to resist for some of the traders and they fall in to these sort of traps. You need to carefully study and analyze the coin. Make investment only if you are sure that the developers are working hard, and they are having concrete plans for the coin in the future.
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I'm not convinced it's a good time to hodl any old shitcoin from a bounty, although dumping for Ether to hodl has been very worthwhile if you've been active since the start of the year.
Probably in a full-blown bull market hodling shitcoins can be even more profitable than ETH/BTC, but this current bullish move is only a reversal in my opinion.
Personally I'll still sell any airdrop/bounty tokens for Ether when I get the chance.
LOL.. can't put it any better than this. I have never participated in any bounty campaigns, but I have enrolled for dozens of airdrops (with varying success). In almost all the cases, I kept a large part of the airdrop reward for long-term holding and none of these shitcoins increased their value after that. Now I don't know what to do with them, as they are not even worth $1 and depositing them in an exchange may not make any financial sense. |
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Again another match affected by rain and that too an important match for both teams. I am hating the rains now and I don't want India to lose the important 2 points as it can happen again that matches will get abandoned. It will be worse for the chasing and bowling team as even 20-20 overs will be a big challenge.
The problem with the current format is that in case the match gets washed out, then both the teams will be getting 1 point each. That's so unfair to the stronger team. Imagine Australia vs Sri Lanka match getting washed out and both of them sharing 1 point. It will be very unfair for the Australians. I would rather prefer the stronger team getting 2 points and the other team getting 0. |
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They are getting ready for a T20 match and I'm not at all positive about it  It is still raining in Nottingham and the match will be called off in about 5 minutes from now. I feel bad for the TV broadcasters who paid a fortune for the rights. But they should have exerted more pressure on the ICC to allocate reserve days, than whining about it now. I am worried about the India vs Pakistan match as well. What will happen in case that one also gets washed out? |
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Africa is home to some of the fastest growing economies in the world (South Africa, Gabon.etc) and it will be mutually beneficial if Bitcoin establishes a presence in the continent. Also, the African diaspora is rapidly growing and Bitcoin can help them with money transfers and remittance payments. They can trust Bitcoin more than their volatile national currencies.
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In every country? That's going a bit too far. We have a number of countries which frequently manipulate their national currencies (such as China and the Latin American nations). I don't think that such countries are going to make Bitcoin a legal tender. In case they do that, their national currency will crash and inflation may get out of control.
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A bull run may happen sometime soon. But that doesn't mean that over-priced shitcoins will go up at the expense of well established cryptocurrencies such as Bitcoin, Ethereum and Monero. That happened in 2017, because we had so many non-serious investors then. But these people are long gone and you can't expect something like that to repeat now.
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In my opinion, it is a win-win situation for both of them. Justin Sun gets his 2 minutes of fame and his altcoin (TRX) gets a temporary boost (after sliding continuously in the cryptocurrency exchanges for more than a year). And Warren Buffet will be happy to get his millions, just for spending a few minutes with a retarded crypto scammer.
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Well, I don't support the idea that KYC is to cheat bounty hunters. KYC is meant for verification purposes and sometimes hold legal backings for the project. This is to allow the project come out with a correct statistics of their investors and holders of their coin in order to know how best the project has gone. Also, it allows to eliminate the double and bot entries.
KYC will never eliminate the bot entries and on the other had it is more likely to scare away the honest bounty hunters. There are services available in the dark market, where KYC verification can be hired for as little as $10 (using stolen documents, obviously). What you'll do, in case someone spends $1,000 to do KYC using 100 different accounts? And trust me, the scammers are getting very innovative now. |
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