It's not practical right now! Bitcoin is not free amd it has a production cost through hardware and electricity at least. So unless these peoduction costs can be paid in bitcoin, we have no other choice than benchmarking it agaisnt USD or any other local currency.

It is only possible when the entire production cost can calculated and paid in bitcoin and people can actually but goods and services in bitcoin without any inconvenience. Which I don't see happening anytime soon.

I am not surprised to see this! Billionaires are billionaires for a reason. They know how hedge against any upcoming risk. So it's no wonder that they have chosen cryptocurrency as an asset in their portfolio. I strongly believe that the number will be increasing only because cryptocurrency has the capability to provide extraordinary return compared to any other asset class. We have seen that twice already and you don't need to be a genius to guess that such time will come again when bitcoin will outperform all other assets.

It's all about mindset. Common people goes by FOMO while ultra rich people buy based on potential and past records. cryptocurrency is an excellent option here!

Good initiative! But I believe the impact will be more if crypto focused courses can be provided here instead of just focusing to bitcoin related courses. Blockchain could be an attractive addition to their curriculum as well where budding programmers will get education.

Good education can have great impact on anything and education about cryptocurrencies is the need of the hour. Not only for the programmers but also for those people who are skeptical about the cryptocurrency, can also be benefitted here.

The land price in NY is one of the costliests in the world. So I doubt if NY houses any big miner. If they are forced out of NY, that will be blessing in disguise for the miners. They can simply move to Texas and probably expand their mining operations to a great extent.

But the concern here is that it will probably force some other states to take such decision if the governor of those states are not crypto friendly. It's always difficult to take the first step but the other steps just follow the first one. I am afraid that shouldn't become a trend in US.

Thanks for the graph op. Very much appreciated! That's why I always say that these environmentalist groups and their actions agains bitcoin mining is funded by banking industry. Because banking industry is the only industry whose dominance is challenged by bitcoin. So they are trying to give the crypto market a different angle because they know they can't win in a face to face war.

These are bloody politics happening here! There's no ground whatsoever to the claim that bitcoin is harmful for the environment.

If biometric authentication is made mandatory for all users to access online casinos, I think that will provide great security against minors accessing the website. But it has to be completely biometric, not ID card scanning.

But the challenge will still remain in case of crypto gambling websites. They are international by nature as they don't rely on the tradition payment services. So it's interesting to see how German government plans to tacke that!

If you want to live your life without allowing someone to monitor you, do the below mentioned activities,

1. Delete all your social media accounts
2. Stop using Apple of Android devices and move back to basic mobile
3. Close all your bank accounts and transact only using Monero or any other similar privacy focused cryptocurrencies. Bitcoin is not anonymous.

If you are able to do all these above mentioned activities, you will be able to avoid most of the monitoring mechanisms. But will it give you a convenient life? I guess no!

Privacy is overrated! Don't fall for it! Alone your data doesn't make any difference!

Let me tell you that Binance will be proven guilty by SEC. Has it ever happened where a company was certified innocent after SEC started investigating? I don't think so!

There will be a temporary reputation loss for Binance and as a result, the price of BNB might tank which will give us a great opportunity to buy some more BNB. Binance might have to pay a huge fine which may or may not affect their liquidity. But that's it! I don't see anything beyond these are happening to Binance.

The answer is natural resources here! Russia is a part of OPEC plus countries and has one of the biggest oil and gas reserves. So now America's dream is coming true when they see EUR is dropping faster than expected. Because that's was always the gameplan of US. Russia has told ass their buyer to pay in  Rubles and as a result their buyers have started selling their euros against Rubles to pay Russia for their oil and gas bills. As a result, EUR is standing at all time low and Russia is getting the benefits of strongest Rubble ever. US is happy because EUR is weakening and UK is happy to prove that Brexit was a correct decision.

It's indeed true! But you need to understand that every government is prominently funded by banks so it's no wonder that therr will always be a group within government that will support a complete ban on cryptos and will always highlight the deficiencies of crypto ecosystem. There will always be an external group as well to support such initiatives because banking wants to control everything and crypto will not let it happen. So we will always see such kind of issues unless a government clearly states their position on the crypto matter.

US is playing diplomacy since a long time on cryptocurrency. It's hugh time to declare their stand on it.

Lol! It's hilarious to see this statement!

Digital assets are normal since a long time now, especially in the western countries. This is not the first instance where cryptos have been seized by police as criminal proceed. Probably that's the first case for NFT.

NFT market is flooded with money launderers. I mean NFT is the best thing ever happened in the money laundering world after privacy focused cryptocurrencies. Otherwise a JPG shouldn't get sold for millions. It's an utter nonsense!

Lol! Sometimes these people act like jokers or political puppets of the ruling party. India is already enjoying the most convenient form of digital payment - UPI. Nowadays, we don't need to carry our wallet anymore while going out. We just need our mobile phone which can scan a qr code. I don't know if CBDC can provide any additional convenience here.

CBDB doesn't have even a slightest chance to destroy the crypto ecosystem in India or anywhere else.

There is a possibility of banning POW mining by some countries. I know NY has recently drafted a bill proposing such ban and that might gain traction if other US states decides to go to the same way. If US decides on imposing a ban on POW mining, EU may start looking into the same option. So I would say possibility exists!

But chances are very high that some other countries may come forward and seize the opportunity. Especially those countries where the temperature remains low throughout the year. An absolute ban will not be possible but some major economies and their allies may impose such bans.

All the best! I wouldn't suggest you to invest even a single dime into any fan tokens. These are mainly NFTs and not coins in reality. So these coins don't have any utility unless you want to buy some official merchandise from the issuers. So these are bad choice for investment and holding.

I am not sure what do you mean by - backed by Binance? none of these coins are "backed" by Binance. They are just using Binance chain and Binance doesn't take responsibility of the value of these tokens. There are thousands of token using ETH chain, does that mean ETH backs these tokens? Nope! So if you really want to invest, use the pioneer coins like Bitcoin, ETH etc. Not these fan tokens which don't have any utility.

I didn't realize that! I was using Nicehash miner. Is there any possibility that Nicehash is stealing some of the powers from the hardware? I will try the Trex miner and the configuration you've shared here if I decide to go back to mining again. As of now, I have completely stopped mining as I use my laptop for other activities like gaming and graphics design. Also I believe, if I start mining full time, it will ruin the hardware over a period of time as laptops are not really that well built to handle a huge amount of heat for a longer period of time. Thanks for the tip though!

It seems that the change management team of Paypal is quick and agile. They are also taking actions based on the market requirements. Because I know many people did not use Pypal's crypto service because they were not allowed to move their bitcoins outside. Paypal's executive team seen that demand and has implemented the change.

Good for people who have purchased bitcoin through a centralized entity like Paypal. It will be interesting to see how many holders actually use this facility to move their bitcoins.

Why not? A global chipmaker company can certainly make powerful chips if they want to.


That's possibly true! They are probably focused on other tasks instead of making mining chips. Mining rigs have a very niche market and can't become a mass product due ot its cost. Intel as a market leader would definitely be interested in maintaining their dominance on the mass market rather than entering into a niche market. That's just good business sense!

You have to understand that the current RBI governor is a political hire to act as a puppet for the government. If the Indian government really cared about experience, they wouldn't let Dr. Rajan resign.

CBDCs can't put a dent on cryptos. Killing is out of question. Cryptocurrencies work in a different way and CBDCs are just a digital representation of fiat currency. It won't be much different than the ways we are using UPI nowadays. Don't worry!

Lol! I see a bigger conspiracy behind all these and most probably funded by some wall street bankers. Otherwise, I don't see a sensible reason for a complete ban on bitcoin mining.

If a mining company can source their energy from a completely green and renewable resource, then what's the point? This is non sense!

I believe, NY is not a good area to setup a mining facility considering the land and property price. It's better to move to states like Texas where the miners can get hectors of lands at the same price of a one bedroom apartment.

Absolutely no doubt here! It is indeed the best time to buy in and stay invested in the market if you have a stable source of income. I would say to reduce your eating out habit and save more during the current phase so that you can buy more and more of cryptos at the best price. I understand there is a panic around the market due to the crashes happening and with the high inflation rate but if someone has a stable source of income, they can certainly make big bucks out of this turmoil.

I remember one of my old friends did the same during 2008 sub-prime crisis and he had invested heavily into stock market when there was panic selling going on. In two years, he made 2 crore rupees (around 257k USD). It is a big money in my country. Then he invested that amount into real estate and now he has multiple sources of passive income through real estate rentals. I can see a similar time ongoing.