Governments will all eventually turn to Crypto currencies or digital currencies, because it is easier to manipulate them. Just imagine the effort that goes into printing more money, compared to the increasing of the coin cap... when you have a token that are controlled by a government. (Hard forks will be easy, because the government controls all the full nodes)  They simply tell the developers to adjust the parameters in the code and they update the client and push it electronically to all the full nodes that they are controlling and viola... the coin cap is increased.  They are just trying to take advantage of the hype related to cryptocurrencies right now. There is no difference between a CBDC and fiat currency. Original concept of cryptocurrency is not applicable to CBDCs, because they are not decentralized and there can't be any cap on maximum supply. For government, the advantage is that they can mint as many coins as they want, and this time they don't need to spend metal or paper to do that. |
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I thought at least gambling lottery was legal in some indian states. If it is true gamblers don't need to go too far to try their luck somehow legally. Anyway, the idea of receiving the prize in bitcoin sounds a lot better than being rewarded in fiat. I think the few lucky ones deserve the jackpot prize without having it cut by the government due to bureaucracy and abusive taxes. It's already hard enough to win such prizes, so let the winners enjoy it!
I think I can comment on this issue, although I am not an Indian citizen. From what I have heard, lotteries have been granted an exception, since they are one of the largest sources of revenue for the government. But the structure is so lopsided. Only around 5% to 10% of the proceedings from the lottery sale is given back as prizes and the remainder goes to the government. And even on the winnings, tax (up to 50%) will be deducted. Therefore it is not surprising that a lot of Indians opt to gamble outside India. |
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And yes, I believe the top .1% (or possibly more) should be paying 70% income tax.
Yeah.. that is the ultimate dream of every left supporter. Successful people should be punished and their wealth should be confiscated (obviously with the exception of left-leaning billionaires such as Jeff Bezos and Mark Zuckerberg, who are allowed to evade taxes using various loopholes). A few years back, François Hollande came up with the idea of taxing the rich at a rate of 75%. And everyone knows what happened after that. Anyway, best of luck with your 70% tax proposal. |
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You do not have to be republican, all you have to be is a person who hates left and you would be supporting republicans in USA, that's all it takes. How do I know you are a person who hates leftists in anywhere in the world? Simple, you say that Democrats are increasing taxes left right and center, whereas they have not increased taxes yet and only proposition was to increase taxes on people who earn over 10 million dollars a year.
Do you think that's bad? In a world where economy is horrible because of pandemic, increasing taxes for people who profit more than 10 million dollars should not pay a bit more taxes?
Any person who sees "tax increase" and think that leftists are ruining economy are the reason why we do not have a proper world. We have 300+ million people who are making under 200k dollars a year, and over half of that makes less than 70k per year, and all we need is people with 10+ million profits per year to pay a bit more taxes so we can make the world better place for everyone, why is that so bad?
As usual, Democrats resorting to outright lying. Not a surprise, really. First of all, the proposal was not to increase income tax for those who earn more than $10 million per year. The proposal was to increase income tax for anyone who earn more than $400,000 per year. https://www.bloomberg.com/news/articles/2021-03-15/biden-eyes-first-major-tax-hike-since-1993-in-next-economic-planA couple of years back, I would have asked you whether you don't have any shame. But now I understand that this is one of the basic traits for Democrat supporters. Now I will tell you why this is a bad idea. If you are living in the state of California, there is an additional state income tax (up to 13.3%). The top most slab of federal income tax stands at 37%. So even now, upper middle class is paying upwards of 50% as income tax. Obviously Democrats would like to increase it further. So on paper, you may be earning $400,000. And in reality you will receive half of that amount in your bank account. |
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Humanity is not the first and not the last time faced with such a problem as a pandemic. The fact is that the world is as global as possible - international flights, communications and tourism - spread everything quickly all over the planet, so we got what we got. But look how quickly you started to deal with this problem? There are already a number of vaccines out there - choose yours. I already got vaccinated and forgot about this problem. In my country, infection rates are on the decline. All this has become an incentive to return to cryptocurrency and new ways to make money without leaving your home. This will only benefit all of us in the future. Cheer up, everything will be fine!
You are probably living in a developed nation and that is the reason why you are so confident about the vaccination scenario at your place. But in the vast majority of the developed nations, not even the highest priority groups have received the first dose of vaccine yet. And this new wave has made things more complicated, as the young people are increasingly getting hospitalized due the infection. On the other hand, infection rate has gone down by 90% or more in developed nations, where the vaccination drive has achieved its target. |
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2 quick wickets and game tilting towards KKR for sure but dew could come into play, it should be tight game imo as SRH got depth in their battling line up where Rashid Khan comes at number 8 and he knows how to swing bat.
At this point, the game can swing either way. 88 runs needed from 8 overs at 11 runs per over, with 8 wickets in hand for SRH. And the most important thing here for SRH is that Jonny Bairstow is at the crease. But I disagree when you say that SRH has got depth in their batting. Look at the players who will come next - Vijay Shankar, Mohammad Nabi and Abdul Samad. None of these three are in good form right now. Edit: Bairstow is out. Cummins got the wicket. |
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If they want to ban, then the ban has to come from some global agency such as the United Nations. Since Bitcoin is a digital currency and it doesn't exist in the physical form, regionalized ban will never work. The users will simply move their assets from the country where it is banned, to another country where it is perfectly legal. The only impact is going to be a decrease in tax revenue for the country which banned it. If this was not the case, then Bitcoin would have been banned by most of the governments ages ago.
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It was possible to get as much as 85% by waiting until they refunded 68% a couple weeks later and selling the tokens they gave. Some people even double down and invested in tokens as wex was paying their debts until it shut down. Well.. I made the mistake at this point. Although I quickly withdraw my BTC, I kept LTC and other alts in Wex.nz, along with the tokens. And rather than immediately selling the tokens, I waited for their prices to increase. And when Wex.nz was closed down by the authorities, I lost all that money. I guess I lost around $1,000 worth of tokens and coins back then. The current exchange price would be somewhere around $50,000 to $100,000. |
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I like the idea, but I don't trust their national currency (Russian Ruble). The exchange rates have crashed by almost 3 times during the last 7 years. So unless you want to use RUR for instant transactions, I would not prefer using that currency. If it can go down by 300% during the last seven years, it can do the same in the next seven years as well. And this so called digital ruble is the same as normal ruble. The only difference is that it is in the cryptocurrency format.
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Right now, I am not at all worried about the Bitcoin dominance. I have seen shitcoins such as DOGE increasing in prices by 25x or 30x, and a large part of the increase in altcoin market share comes from these coins. Take my word. Only 10-15 altcoins have any real life usage (such as ETH, DOT and BNB) and the remaining are just going up due to hype. When they crash, they will lose 95% to 99% of their value (similar to what happened in 2018).
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I've been doing the same thing as well. I was really struggling with the transaction fees before but when I learned to switch to XRP, I saved fees. You can also use other altcoins to have cheaper fees because gas fees for Ethereum are too high. Bitcoin actually has a lower tx fee than Eth.
XRP is too volatile. It can go up or down by 30% or 40% in a single day. I would prefer more stable coins such as LTC or BCH. ETC can be a good choice as well, but this particular coin is not being accepted by lot many gambling sites right now. Ethereum is a big no these days. The withdrawal fee can be as much as $25 or $30 if you use Ethereum. The developers are claiming that the fee will come down once they implement ETH 2.0 completely, but I don't think that it is going to happen anytime before 2024. So unless you want to wait for 3 years to process your withdrawals, you can use some of the other coins such as XRP or LTC for your withdrawals. |
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I am someone who purchased BTC at a rate of $10 per coin in 2012, and I still have a large fraction of my initial holdings remaining in my wallet. I was going through the replies and it is surprising that even after 100+ replies no one really thinks that it is not necessary to sell all of your coins at once. I purchased my coins in 2012 and sold around 50% of them in 2015. And from 2016 to 2020, I have sold around 30% more. I have around 20% of my initial holdings remaining. I have purchased equities and bullion from the proceedings. Obviously if I had held on to my coins, then I would have been in a much better position, but I don't have any regrets about it.
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Having 9 years of experience in cryptocurrency sector, I would like to point out two things (which you may or may not listen to). First of all, going for long term hold doesn't mean that you need to hold 100% of your coins until 2031. You should be having incremental targets and small amounts of coins can be sold once these targets are achieved. And secondly, I am not a big fan of altcoins from my experience with them during the last decade. I would suggest splitting your investment in a 80-20 ratio (BTC - 80%, alt - 20%), or even a 90-10 ratio. While investing in altcoins, always go for coins that have real life usage and high liquidity.
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It was the same for my country at first, the country was lock-down and things where difficult but even before covid-19, I understand most youths in my country where already involved in crypto trading and during the pandemic lockdown it just went full scale I guess/
Though even with the continue cases in other parts of the world, my country has since return back to normal living with people going around their businesses with little attention to the pandemic because there is Hunger in the nation and the government are not really helping the situation though some level of vaccination are going on but like I said earlier, people have already decided to live their life's regardless and I hope this pandemic would be controlled to a great degree sooner.
Yeah.. I have seen the same pattern from all around the world. Some people (mostly the youth) no longer care about wearing masks or maintaining social distancing. They seems to be having a false belief that only middle-aged and elderly people are vulnerable to CoVID 19. But this thinking is wrong. The new strains have a much higher mortality rate among those in their 20s and 30s. And this is the main difference between the earlier waves of CoVID and the current wave. |
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Binance (BNB) has gone up very sharply over the last few weeks and the current valuation is more than the expected market cap of Coinbase upon its NASDAQ listing. So it will be wrong to say that Binance is undervalued at current prices. Actually it was underpriced a month ago, but that is no longer the case. And IMO, Coinbase deserves a higher valuation compared to Binance. Coinbase is having most of its user base from the United States, while for Binance the users from US constitutes a small minority. Another very important factor is that Binance doesn't enjoy a very comfortable relationship with the government authorities.
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Here are the latest stats from 11th April 2021. Total market cap: $2,043,616,708,091 ( +5.62%) Bitcoin: $1,113,746,555,942 (54.499%) Bitcoin forks: $20,894,885,007 (1.022%) Stablecoins: $65,492,750,088 (3.205%) Altcoins: $834,763,497,404 (40.847%) WBTC: $8,719,019,650 (0.427%) This is the change compared to my last post: Bitcoin: -2.072%
Bitcoin forks: +0.201%
Stablecoins: -0.044%
Altcoins: +1.914%
WBTC: +0.001%Here are the latest stats from 4th April 2021.
Total market cap: $1,934,811,929,758 (+5.95%)
Bitcoin: $1,094,537,762,192 (56.571%)
Bitcoin forks: $15,900,057,481 (0.822%)
Stablecoins: $62,855,738,159 (3.249%)
Altcoins: $753,291,640,641 (38.934%)
WBTC: $8,226,731,285 (0.425%)
This is the change compared to my last post:
Bitcoin: -2.549%
Bitcoin forks: +0.031%
Stablecoins: -0.019%
Altcoins: +2.550%
WBTC: -0.013% |
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So we're back to the "Republicans are always good for the economy" trope? If it isn't already absurd enough that nations chase perpetual economic growth, surely it's even more absurd when they think they can achieve that by cutting their way to growth? I'll never understand republicans/conservatives. They don't want to pay for public services, but they still expect them to not only function, but function well. It's truly baffling.
I am not an American, but still I would say that Republicans are much better for the economy than the Democrats. How can you claim that Democrats are in favor of economic growth, when they are increasing taxes left, right and the center? All they have done ever since they came to power is to distribute some $400 billion in cash mostly to individuals who don't need them and to spend another $1.5 trillion to failed cities and unions. If this is your idea for economic growth, then I would disagree. Public services were fully functioning when Trump was the president, and for that he didn't raised the tax levels. |
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In the gambling sites to which I am registered to, they allow funding using Litecoin and Bitcoin Cash. Previously I used to do deposit with LTC, but now I don't have any LTC remaining in my wallet and therefore nowadays I use BCH for this purpose. That said, I am going for this route only because I am holding some BCH in my wallets. Converting your BTC to BCH and then using it to fund your account is not a viable option.
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I don't understand why they are not allowing the broadcast of IPL in Pakistan. I heard from my Indian friends that they were able to watch the Pakistan Super League (PSL) on various TV channels and Hotstar. If that is the case, I don't know why the Pakistan government should implement this ban. Obviously Pakistan players are not allowed in IPL, but that is another topic and it should not be mixed with the broadcasting of the matches.
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The fee was increased long ago, exactly after few days when they first started to charge $0.20 USDT. This was a stupid decision in my opinion and from some point of view, it was totally biased decision to encourage the usage of their BUSD.
Why should they encourage the usage of USDT, which is essentially a stablecoin token issued by one of their competitor exchanges (Bitfinex)? I am quite surprised that they still allow USDT in Binance platforms. Now regarding the high withdrawal fee, I don't think that $0.20 will discourage a lot of users from doing transactions with USDT. I have seen a lot of users still transacting with USDT in ERC-20 Blockchain, despite the very high fee (~$20). |
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