But that high electricity consumption from POW mining has become a weapon for the environmentalists. Whenever the bad side of POW is discussed, electricity consumption and increase carbon emissions remains the top concerns amongst others. So I personally think that POS is far better than POW.

You don't need expensive hardwares, you don't need to maintain the mining setup. All you need is some amount of that coin to lock up under a contract within the chain. If you don't have the required amount of coins to stake, pool staking is also available.

POS actually makes cryptocurrency more accessible to mass!

You can't stake your BTC because the algorithm doesn't allow you to. So whatever staking option for bitcoin you can see in the market, it's more of a ponzi scheme. There are multiple companies who also offers you to create a deposit account with bitcoin and give you certain percentage of interest back. These are not driven by the bitcoin algorithm so there's no guarantee that you will get your money back at the end of the deposit period.


It all depends on the algorithm itself. If the developer of a coin wants to implement POS algorithm, you will be able to stake. For example, ETH is now a POW coin so you can mine it. But in 2022 (hopefully) they will be moving to POS mechanism, so you will be able to stake the coin and won't be able to mine it using your computing power. 



As said earlier, these kind of exchange staking of bitcoin is not controlled by the algorithm. These are centralized operations just similar to a bank deposit. So the exchanges have the liberty to fix their own interest rate. There's no one control it! Hope this explanation helps! 

It's interesting to know how they have implemented the bitcoin payment architecture in their store. Unfortunately I don't read Spanish so unable to read the details in their promo banner. Is it a normal on-chain transactions? Or they have implemented LN? I wonder how they are tracking the transactions and also how many confirmations are they looking before a customer can walk out from their stores with their purchased goods!

But this is really positive. Using bitcoin for daily purchases slowly becoming possible in some parts of the world.

It's great to see that a big guy from tech world is superbly bullish on bitcoin. His tweet shows his confidence on bitcoin which matters the most.

Personally I don't think bitcoin will ever be able to replace dollar. The world government will never move to a decentralized monetary system that is not controlled by anyone. So the dollar monopoly will continue to dominate the world trade. Unless we can't replace the usage of dollar in the world trade, there's no way we can replace the dollar itself with anything else.

My 2 satoshis on this reply! Same opinion here as well! LN is the best option going forward which can make bitcoin transfers cheaper and faster. It uses a sidechain and broadcast multiple transactions in batches to save the cost and time. So this is the future for payment using bitcoin.

Second option is also great! But the requirement of KYC is the only downside. But if you are comfortable in providing KYC details to the centralized entities, you can just swipe in your crypto debit card at any pos. But this convenience comes at a cost of privacy.

Even 292 millions users sounds a bit over rated! Because if tou dig at the ground level, you will realize that majority of the crypto holders are just investors who have either seen TV commercials or received a recommendation from their friends to invest in crypto to get rich. I would assume at leat 50% of these 292 millions are these kind of investors.

So even if the number goes up to 1 billion, a large percentage of that 1 billion will have no idea what blockchain is or what bitcoin is. What matters to them is the price and that's it!

Adoption it is!

That's quite interesting! Lightening network is actually very handy when it comes to speed and scalability of bitcoin network. We all dream about bitcoin getting accepted in merchant stores worldwide,  LN and Strike can actually make it happen for real. It is solving to major issues for both merchant and consumer -

1. Value transfer without the risk of volatility
2. Almost instant transaction

These two issues are actually the pain for both side of a transaction when it comes to regular and frequent payments. It seems Strike can become the next Stripe or Square!

It's a pity to see the arrogance of a meme coin owner riding the market hype. The meme coins are purely made for gambling with your funds. But it is very easy for a meme coin to fall through the crack and disappear completely. 

I am shocked to see the audacity of Shiba Inu's owner to see themselves as a market leader. But in reality, majority of the bitcoin holders didn't participate in this hype. These are purely run by new and greedy investors who thinks crypto market as their new cash cow. Justice will be served eventually!

That's quite interesting! Because US housing market is slowly forming a bubble now. So it's interesting to see how this company is going to use this coins or do they want to keep it for the unforeseen times. There have been a lot of talks ongoing regarding a possible market crash so I belive this is a plan B for the United Wholesale Mortgage.

It's probably triggered out of their own forecast of business and from the evaluation of the market and its future possibilities. Quite good for the market.

It seems the Indian government is looking for wider consultations before zeroing down on the crypto bill. I have read a similar news today morning but unable to find it now. If it is true, I would say it is positive because if the government wants to ban it, they will do it anyway. But it's positive that they are trying to listen to the industry stakeholders before making a final call.

In the meantime, RBI governor is still lobbying against crypto as expected!

All good except the Elon Musk. He was always vocal in supporting cryptos for sure but he manipulated the market like anything. He started with bitcoin, then moved to dogecoin and then started promoting a meme coin like Shiba Inu. That's not good! He knows his power and influence on social media and he used his influence very cleverly to manipulate the price of cryptos.

Being vocal is good and manipulation of market is crime!

Adoption! What do you mean by it? Do we consider investing as an adoption without knowing the technical things behind it? If yes, the possibly 10% - 15% of the population adopted it.

But if you consider the knowledge adoption, I don't see more than 3% - 4% of the population. Actual numbers can be much lesser than what I mentioned here because it is very difficult to measure it.

Also if you want to see full 100% adoption, that day will never come in reality.

That's everywhere! The market dynamics change after a certain interval. Same happens in every market and most prominently in web and fashion segment. Metaverse is indeed the next biggest thing because big tech giants like Facebook is betting big on it. So web 3.0 is not just a hype I would say! If you want a perfect example of hype - it is NFT and meme coins. These will disappear sooner than later. NFT will live but in a different way within metaverse.

I doubt if there plan to become a tax heaver in Asia will be successful even to a certain extent. Because foreigners and digital nomads need internet infrastructure to work for them. Indonesia is placed 118 out of 139 countries for its mobile internet speed of 10.51 Mbps, and 111 out of 178 for its fixed broadband speed of 16.65 Mbps.

https://theaseanpost.com/article/indonesia-too-slow

Probably, they have improved a bit in last one year but still that's not enough to carry out a digital life. Also there are a lot of wired rule available in Indonesia owing to their Islamic background. It's hard for a foreigner to live peacefully there.

You never know what's gonna happen! We have already seen a lot speculations around the bill. Some media houses said that SEBI will be appointed to regulate the market and some media houses said that government is planning of punitive actions against the crypto holders. So a great amount of confusion is already there. So I would see this delay as a breather for the Indian crypto community.

Also we must understand that RBI is completely against this idea of cryptocurrency regulation, they want a complete ban on it. because they feel that cryptocurrency can challenge the existing financial structure in India and they are constantly lobbying for a blanket ban. Definitely, it won't be an easy task to ban crypto completely. But the bill itself is not known to the public. Let's wait and watch!

India today reported this yesterday that the much awaited crypto bill may not be introduced in the winter session. Read the report below,

https://www.indiatoday.in/india/story/cryptocurrency-bill-winter-session-parliament-government-sources-1888171-2021-12-15

Possibly a much needed breather for the crypto investors of India because a lot of speculations are ongoing whether the crypto will be banned or regulated. It's a net positive I would say, for now!

Crypto gambling market is bustling with options. You don't like casino A, move to Casino B. You don't like Casino B, move to casino C. There are literally hundreds of options available and many of them offers a very nice joining and regular bonuses as well. So no pressure from anyone to play with a single casino.

Every casino has their own marketing offers. Grab them and enjoy! Your argument is only valid if Bitsler did some scam business with you or if they did not process your withdrawal. Bonus is entirely a decision by casino management.

This is a fake token which uses the name of Shiba Inu to get famous. I mean it's a meme of a meme coin, a double meme coin I would say.

If Shuba Inu plans to bring out projects for NFT or anything else, they would always use their own token instead of creating a new token. The market is already flooded with hundreds of Shiba tokens so it just adds to the confusion. So stay away from this My Shiba Inu token and the main Shiba Inu token if possible!

Isn't that normal? Even in real world stock market, we have bull amd bear seasons. Stock market crashes too! Bitcoin is just somewhat more volatile than the stock market, and that's it!

I remember, many people have regretted that they have entered into bitcoin at 22k and went into depression in early 2018 looking at the market. Now do you know a way how can I purchase bitcoin at 22k?

So in bitcoin market, every drop is an opportunity to average down the buying price. Either you take it or leave it!

Nope! Bitcoin whitepaper doesn't day so. Bitcoin wasn't created with the goal to replace traditional fiat currencies.

Partially true! Bitcoin is created as an internet currency which doesn't need a central authority to operate.

Again partially true! This is not the goal of bitcoin. Rather this is a benefit of bitcoin.

Bitcoin wasn't created to fight governments or to uproot the traditional fiat system. Rather bitcoin can perfectly co-exist with the mainstream economy. [/list]