I think I have asked all sort of dumb questions about the difficulty and it’s relationship with the rewards, security of the network, or even complexity getting more or less. I know few questions were out of the line but I think I am trying to learn a subject which is not really my expertise or close field. Though I got good replies from the experts I am still not understanding half of the terminology and could only connect the dots.

Basically I just hope that security of the bitcoin lyes within our hands no matter how advance the technology becomes. That is the only way to keep up with the Bitcoin as is in the long term and until we mine the last bitcoin really.

The subsidy can be given by government if they are stable enough with the national reserves and their yearly revenues. From where they fill the treasury? From the taxes that we pay so definitely we need subsidy but we also need population that is strong enough to pay their taxes on time and every time. Various countries do not get as much taxes as any powerful or highly developed country gets. This leads to under income of the government and thus over burden on planning and executing the schemes like subsidies. Apart from this we need to understand that subsidy is not free coupon, we do have to payback the left over amount all the time along with interest. Many people fail to do it.

This true for many cases and it is already happening mate. Statistically speaking every banking system is on delicate balance where they could literally fall from one angle into irreversible debts itself.
There are various products of banks such as credit cards, loans with different types of ways to avail them, debit cards, FD and RD. It might be limited by my knowledge but there are definitely more than this.

Speaking of which if you see the stats of Credit Card debts itself then it is on the verge of reaching $1 trillion. It's huge debts man, even on the banking scale.


This is what amazes me, how things are running just on tipped balance.

This is the main reason one should never let anyone know that we are dealing in the Bitcoin. I mean the crime rate has grown a lot these days and you never know who would attack you in anger or intentionally for looting your bitcoins. These type of cases has already happened in the past many times so be aware of such approaches. When it is nearby you its even worst. Better to be cautious about it and keep every secrete for yourself. That’s the best way to avoid such situations as well.

As of now you better avoid him as if he does not exists and let go the situation. Hope so you inform the local authorities as precautionary step.

Thanks for the heads up, I never realized they have such promotion on going. I don't know we should have some sort of telegram bot to check these kind of promotions. Could be a good idea for casino lovers to keep up with the active promotions and never miss any opportunity to actively take advantage of the same. This seems to be weekend sort of promotions, active only for 2 hours ETA with 12 games being played for 10 minutes. I am not sure what is criteria behind this but sounds quick and fun.

I am also waiting for the Roobet Live party. Used to participate now and then but since Twitch restrictions I think it is postponed to three months gap?


Hope so it is getting back soon. I am not sure if we had any previous party recently or this status is TBA since the Twitch announcement?

Not entirely true. If I go with your definition then we also have dirty fiat, dirty gold, dirty silver and dirty... what not? Are you sure bitcoin is the only way to launder the money. Money laundering has been around since very long and they continue to do so no matter what type of currency they their hands on. I am seeing a discussion where they are always blaming the bitcoin. However, criminals has already broken then code of using the fiat for such activities. At least in the case of Bitcoin it can be traced back from the sources however same is highly difficult when it comes to old notes in the fiat. In case of precious metals like gold, you can literally have unmarked assets at your hands to launder the money. People are even setting up fake businesses and paying the bills amongst each other so that they can launder the money and even pay the taxes for same. I think Bitcoin is really new to the field and should be targeted less as compare to previously available modes of transaction. 

Damn seriously? I thought network difficulty has got something to do with the complexity over the period of time? I mean as we keep saying that for every halving that occurs, the reward also decreases, while each time network difficulty is rising too. Just for the info, in what relation are we saying that network difficulty is rising.

Has it got no relationship with the maths/equation solving mechanism? I mean if it is getting difficult then it is getting difficult to solve right?

Yeah, the Enigma was something crazy for sure. Turing exactly knew what he was doing, I just hope we do not have another Turing solving the same. Lolz

Why would they penalise you if it’s strictly legalised? Is it legalise or is it banned? They both are way way different mate. Anyhow you should check up with your customs whether hardware like this can be imported or not? It’s just that it falls under electronics category and not a crypto itself. If not then just generate a paper wallet from the VPN and get yourself a safe cold storage for very long period of time or until the time they open crypto channels for you guys. It happens to seem no problem at all. If you get Bitcoin address then you are good to go for receiving the funds. You may not be able to send them since for that you will need to install software wallet or access some exchangers that are banned. But consider this as your cold storage may be.

That is the closest best we could do for the kids and let them understand how it works or what it is. One thing about the today’s generation, they learn very fast! They are techies and they love to have their phones with them whenever they are having dinner or lunch or if they are crying!! I know not the best practice but it is the new normal for today’s generation and today parents too. If anyway they are going to watch it then it’s best to have cartoons that are knowledge based and teach something to them all the time. A cartoon series based on Bitcoin being the lead character is definitely breakthrough. We just need budget and bitcoin friendly director to get started.  

Oh yeah since hundreds and god knows how many years Euro is Euro with decent valuation so far. Have you seen other nations with values so low that if they are supposed to carry 100 EURO worth a cash then they will need entire backpack to do so. I am not targeting any country in negative ways but for the sake of comparison leave the Euro out of discussion. This really doesn’t seem right to even say that this currency will go down with the time just because they don’t have oil or other raw materials to make money. They make money, they make lot of money. As stated in the first post itself tourism is the biggest stake while IT is another followed by many other streams.

First I thought it was some sort of breakthrough that they are actually planning. Imagine reading this news itself SEC and CBDC would have been so happy since after this they might have thought they would get a chance to spread negativity about the Bitcoin and thus publish the FedNow system more promptly.

Good to know (after reading rest discussion) it’s not really possible to break the code until it really happens. It also made me think that Satoshi did not make it so easy as his plan is for hundreds of years until 2140 by when the last Bitcoin would be mined.

It’s seems it will get more stronger with the time as the complexity of network keeps increasing.

Yeah right on the point I like it. You just made a good point about all these scammers. Yes they are scammers because they would just use the weak points of the others for their own gain. In trading world the weak point is money, people being hungry about the knowledge and people being hungry about the quick money earning tips. Mostly the YouTube’s channel work in this manner. They will sell what’s really needed by weakness and not by what’s actually needed to remove that weakness. It’s like showing the world a good life, leisure time and what not to attract but there is nothing on the other side. So definitely be careful about such books and channels.

That could have been possibility. Since Elons most of the self made projects are way better and has extra ordinary values over the time. I mean it would have been fun if he launched some company based on this idea then investors would have rushed to buy the whole stock thing at pre launch itself. It’s the name that would speak in this case.

As you mentioned he done decision that could have waited and gave him idea to build something from the scratch. In Twitters case, things went horribly wrong since firing the employees, changing many workflows, making blue badges available publicly and much more made it worse.

I will say it’s just good for the Americans. Their government is welcoming new way of transacting within their country so yeah that’s good for them. I don’t think it has got any negative impact on the Bitcoin usage or crypto as whole. It’s just a payment system for their people, that is all. It will be limited to their own people, hardly think it will get out of USA. If it does then there is no difference between so called traditional banking and fednow system. India also has UPI for that matter, but it doesn’t mean people started using UPI and stopped Bitcoin. Both the ends are just opposite. I don’t know why it’s being compared with Bitcoin. The Bitcoin properties are unmatched by all means.

I am mostly keeping the expense profile limited to only wanted things. I am type of guy who prefers android over Apple, and vegetable over non vegan food. I never compromise healthcare but I do try to cover everything under health insurance. I am always looking for good schemes that are available for savings and thus increasing my income rather doing more expenditures than required. I do multiple jobs and thus I also try to earn from more than one income source and add up more to my savings. The core effectiveness is more savings less expenses yet good standard of lifestyle. Gives me enough financial stability than average salary earner.

Yeah this is the thought I already got in this one. It’s just currency, I mean like dollar and sterling. Why does it make sense to think like this way? I mean come on, if this was gold, silver or anything else that is traded physically or virtually with a value then does it mean it’s gonna make us rich? I don’t think so.

More than that poverty and richness is all associated with the education, employments within the country, international business relations with other countries and much more. It’s a big subject to discuss to be honest.

I think it’s not the correct question. Everyone is beginner when they start something new so I am pretty sure that if you are new then you have learn the field and grow yourself along the way. Trading is something that is on going process. Everytime shares and stocks can take any turn that you would never know without proper study of the same. Moreover, it’s worst when it comes to crypto currency. The main reason is: “volatile nature”.  Most of the currencies are highly volatile due to decentralised nature of the currency. So it’s not one but many factors that affect the decision making process. Make sure you accommodate the process whether beginner or not.

There are secretes and definitely one of them is, politics. Those who are in connection with the politicians whether they are local or national level, a business person or even common person could get up financial gains very easily. Imagine, you can have access to various systems and schemes that usually come our way while doing various businesses or any projects. With the time you can have insider information and have monetary gains easily.  This help in many ways to be honest. Various approvals that may restrict a business gets disappeared with such connection and makes it easier. So yeah this is one of the secrete that could help too.  

R.I.P ——-> Yearly appraisals and angry boss on the ass. 💀
I think this factor isn’t considered in the above hypothetical situation. I know that you have considered minimum wage but even the minimum wage appreciates every year and it also gets revised as per the yearly budget set by a country. There are many countries that seems not on a wager but flexible to fixed salaries purely based on the employee performance and yearly appraisals. That means, oddly at some point every employees from different nations would buy Bitcoins even within 1-2 years of time frame.

But I assume we are discarding all the good factors here and just focusing on low level case scenarios.

Countries with more than 27 years, Lolz.

That is definitely horrifying situation. If some other country did not arise to form an alliance with the UN and affected countries for providing the food that is cut off then it’s gonna be nightmare. Many countries are incapable of growing the essential grains due to their geographical location and this is the main reason we have the import and export trades all over the world. This does not apply to grains only but there are many other Special food items that grow only to specific region, climate and soil around the globe and thus it creates demand in the other regions too. This is going to affect severely if continued for very long period of time. It is definitely decision that’s taken in the angry mode. Not good people!