I clearly don't trust this lady because her actions and speeches don't match. Otherwise we wouldn't have seen 30% tax on crypto gains. That was quite unprecedented and is slowly killing the crypto industry in India.

A global crypto framework is necessary to stop money laundering using cryptocurrencies. But without the intervention of UN and World Bank or IMF, it is not possible. It's good that she is at least thinking to stop laundering and not the crypto itself. Let's hope for the best!

Why not! As long as the seller is willing to accept it as a method of payment, you can use bitcoin to buy a property. otherwise, you will have to convert your bitcoins to local fiat and then use it for the same purpose. However, if the country doesn't have a framework available for cryptos or if it is not a legal tender, they may declare the purchase illegal. Like in India, crypto is not a legal tender, so I can't legally use cryptos to buy anything at all as it will be illegal in the eyes of law and the purchase will be declared illegal by the concerned department. So, I would request you to first enquire about this and then go ahead with your plan. I am sure you wouldn't want to find yourself in legal troubles.

Also, you can check this website,

https://bithome.ch/property/

But please do due diligence before using their services as I can't vouch for them. 

North Korea is living under dictatorship since its separation from mainlan Korea. The hacker group there works directly with the government and not an anonymous one. Due to their crimes against the humanity, other economies have imposed heavy sanctions on North Korea so they had to find a way to generate revenue.

Also I wouldn't wonder if Chinese government is behind all the infrastructure. Because in N. Korea, people are struggling to earn enough just feed their families. So having a computer is a distant dream for majority of the citizens. When you see N. Korea is doing something technical, you need to understand that China is supporting there.

Do you have any specific area which you want more specific inputs? In general, cryptocurrency is a blessing for the online scammers, black hat hackers and money launderers. Along with mixers and coinjoin kind of facilities, it has become very easy for these people to move funds with ease.

Do some research about NFTs. This is another big playground especially for money launderers. There are multiple darknet operators selling illegal things using cryptocurrencies. The list can just go on and on.

You will also encounter some puritans who will argue that crime used to happen when cryptocurrency didn't exist. That's ofcourse true! But there's no denying that cryptocurrency has provided convenience to these criminals.

These are futures market liquidation and not crypto market liquidation. Please note, actual bitcoin trading ia not done in futures market. These are a dubmbass investment vehicle which allows you to gamble on price variations of an underlying asset. No impact of such liquidations should come to actual crypto market.

It seems whales are also pulling out their bitcoins from the exchanges to reduce the supply in the market so that the falling price gets some support.

There are multiple entry barriers for bitcoin to reach the masses. Let me tell you some of them,

1. Government and organized banking system - They are the main entry barriers for the common mass to enter into bitcoin ecosystem. In majority of the countries, regulations are not available, taxes are high and mandatory KYC is imposed in order to buy some bitcoins. Also frequent mailers and negative advertisings against bitcoin turns down people.

2. Mining is expensive - Bitcoin mining requires specialized hardware and availability of cheap electricity. So an average joe can't enter into mining bitcoin.

3. High number of scams - Majority of the cyber frauds involve bitcoin in some manner. Either it's ransomware, terrorism financing, money laundering etc. That brings down the reputation of bitcoin significantly in the minds of people who has not yet entered into bitcoin.

Unless, there is a favorable regulation available, it is extremely difficult for a common people to enter into bitcoin ecosystem. 

Whales moving their bitcoin supplies out of the exchanges means - supplies are drying up! If the demand remains robust, that could lead to a price rally shortly. But the reality is, we wouldn't know the actual reason behind such bitcoin movement. We can only speculate on the outcome of it.

But looking at the direction the market ia heading now, cutting supply is a good thing because the demand usually goes up when the price goes down.

If Twitter starts accepting bitcoin payment for ads, that will be a huge push towards a mainstream adoption. But that will not be available worldwide for sure because of the unfavorable or no legal framework in many countries. Possibly Twitter will be able to implement such things in some progressive countries only.

Also it will bring in a huge reputation change in the eyes of the sceptic people. It's always positive to be able to associate with the big brands.

Money can't be enemies. It's the government who can bring down  your finances are enemies. Fiat is a medium of exchange, same goes with CBDC as well. It's the data infrastructure that will be leveraged by the government agencies to run behind you, is going to be your enemies.

With CBDC, the human population will loose its right to keep their finances private. Everything will be visible to government. Today only, I have written a post about it. Read it once,

https://bitcointalk.org/index.php?topic=5394515.msg59856353#msg59856353

Having a control over account identity goes directly against the main benefits of cryptocurrency. Also it only depends on you how you want to use your cryptos. In an open world infrastructure, you get the right to choose whether or not to link your wallet to any random defi program without knowing their background. Coinbase can't have a control over it. But if they maintain a list of verified platform which are known to be safe. But there are couple of legal hurdles linked directly to competition law.

The best way to avoid online scam is to educate yourself and having a self control. Web security is a myth until a gap is found.

Well, it's the duty of parents to monitor their Kid's activities until they become an adult. Or else, they could face a huge consequence later in their life. Because in the era of digital progression, it is impossible to stop kids from installing random apps in their mobile phone so a monitoring mechanism is needed. This is serious!

Otherwise, there is a good chance that these kids will have messed up finances although their life due to their addiction and wrongdoings.

The mainstream finance is slowly moving to CBDC era for sure. It provides a number of benefits to the government,

1. No more money printing. Governments don't need to maintain mints across the country to print notes. Just need IT infrastructure.
2. Complete surveillance on our finances. No more money laundering is possible.
3. Can't hide your income from the income tax department which means higher tax collection
4. The counterfeit money circulation will be effectively stopped.

Fiat currencies still offers a certain degree on anonymity which will be completely gone with CBDCs. Yes, I personally will not be bothered if they don't disturb the crypto ecosystem though.

It seems OP doesn't have a lot of ideas on how the banking system works and how deep rooted they are within the society! OP thinks that bitcoin/USDT can dethrone the entire banking system. It's really hilarious to be honest! banks are not needed for only transaction or safekeeping of funds. This society and the businesses built on the needs of the consumer needs loans to function. Probably OP is super rich so he doesn't need any loan, but an "Average Joe" like me needs loans for housing or for cars. If banking is not here, would OP give us that loan? There are hundreds of other functions that banking system does but I will stick to the loan for now.

I request OP to come back to reality! A debit card and an ATM might serve your purpose but that doesn't represent the entire population. Banking is an essential service for the society and I don't see cryptos dethroning the banking system at all. Just being realistic!  

Not just negative economic conditions, rather it is socioeconomic conditions that affects the life expectancy of a country. Affordable and high class Medical services also play a major role on that.


Bitcoin and crypto market is volatile. Unless someone is mining at a scale, usually feel more pressure than the traditional investors. Majority of the crypto market participants are small investors and they feel extreme pressure from the price volatility. So I don't see how bitcoin or other cryptos can increase life expectancy. Just doesn't make sense!

Can we do anything about it? I guess no! Mining is a cash intensive operation so mining operators need a constant flow of cash in order to continue paying the overheads.but the risk of centralization is not just with the miners alone.

When corporates buy bitcoin it moves towards further centralization. Microstrategy holds an awful lot of bitcoins that can anytime bring the market to its feet if they wish. That's the actual risk I see, more than a miner going public.

That's not true! Majority of the miners are bullish on bitcoin and that's why they have invested heavily on mining hardware and related infrastructures. So if the bitcoin price drops below the mining cost, majority of them would not shut off their mining operations. However, they might be more interested in buying bitcoins from the open market if this happens!


Miners are already selling freshly mined bitcoin at a premium. There is a concept called "virgin bitcoin". Since cryptos are being used for many illegal activities, investors with deep pocket, usually wants to buy bitcoins directly from miners which are freshly mined rather than buying from the market. Again, who are involving in such activities, are bullish on bitcoin. So there's a little chance that miners will shut off their operations. They may buy from the market but simultaneously the mining operation will continue. 

I wouldn't disagree! I am an "average joe" who likes to pay taxes on time and with full diligence. If that makes me an "Average Joe", I am happy with it! At least I am on the right side with the law and not against it!

These DEC, Mixers and Coinjoins are already available and many people are making use of their services to hide the trail of the money or to hide the ownership etc. But there are people out there, who likes to do their taxes because they live under the protection of the state. That's how the government runs all over the world.

What alternative do you have? Create a micronation? Otherwise, I don't see a complete freedom from state is happening! 

I wonder why OP didn't mention about Chinese debt. 10% of their entire debt is along with China. Sri Lanka has already lost control of Goadar Port to China owing to the debt and now they have declared bankruptcy. Read more here,

https://timesofindia.indiatimes.com/business/international-business/explained-how-sri-lanka-fell-into-debt-trap-defaulted-on-foreign-payments/articleshow/90805938.cms

It is definitely a prime example of government mismanagement. Also their main source of income was tourism which got hit by Covid very seriously. We are seeing the cumulative effect now.

An Indian resident is legally obliged to maintain records of his income for up to 7 years. Anything beyond that time, is not required. Income tax department follows the same law and they don't send notices for incidents happened more than 7 years ago. So the document can't be recent. So if anyone of you receive such notices for FY 2012 - 13, you are not bound to provide any documented proof. Income tax department can't force you here.

They can certainly send such notices for recent events though. However, don't assume that you will have to pay 30% tax on your previous crypto income. because India didn't have a tax structure on cryptos before 2022. So if you receive such notice, add your crypto income to your total income and pay according to your bracket. Don't pay 30%.

It's good to see that biggies like Morningstar has started noticing the crypto market. But I really don't want this to happen. I really don't want to see more and more corporates investing their millions into crypto market anymore. Once corporates have the controlling power of the crypto market, that will not be good for retail investors like us.

Morningstar provides investment data and advisory to big corporates so it may look bullish for short te4m but not really good for long term.