The FedNow Service is an instant payment service provided by the Federal Reserve, enabling individuals and businesses to send and receive payments within seconds. It's not a form of currency nor a step toward eliminating any payment form, including cash.
Of course, this is not a digital currency, but a fast payment service. In Russia, such a service has been operating for a long time and unites many banks. I can send a transfer anywhere in Russia in a few seconds from the bank application on my phone. Is there such a system in America and how long does it take for your partner to receive the payment? Perhaps this is a fast payment service, and perhaps СBDС will then work on this platform. The noose on the neck should be tightened imperceptibly. |
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According to the Twitter link that you give https://twitter.com/federalreserve/status/1646153739131027464/ It seems the Fed denies its cryptocurrencies nor Central Bank Digital Currencies. and also according to their website the FED still "The Federal Reserve Board has issued a discussion paper that examines the pros and cons of a potential U.S. CBDC. As part of this process, we sought public feedback on a range of topics related to CBDC. The Federal Reserve is committed to hearing a wide range of voices on these topics." - https://www.federalreserve.gov/central-bank-digital-currency.htm But if they using a blockchain technology or if CBDC is there I think the only possible they are using private chain Everything that is happening now is called in Russian "urination in the ears". I heard the opinion of a very rich trader from the USA, and he also says that at every meetup, meeting, many projects are discussed, but no one knows how it will work further. Therefore, he advises preparing for the worst case scenario. |
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Do you want to continue the interview about Crypto business in Kazakhstan? Apytioh is active on the forum and I may invite him for a third interview.
If you have any questions you would like answered, you can write here or DM me. Apytioh is a very open person and honestly answers all questions.
Such an interview requires a lot of time for me and the opponent, but I don’t see much interest in such content.
I regret that your important topic did not receive the required attention, despite all the efforts and the long time you invested in it. Honestly this is the first time I see the topic, so I read the first interviews that I did with Apytioh, the interview is really interesting and I learned a lot of new things for me especially about mining in Kazakhstan. Apytioh mentioned something in the second interview that I didn't fully understand the point: But according to my observations, I will say the following, when the current payback period is less than 6 months, it means that these periods are more likely to increase soon, you run the risk of entering the market when demand starts to fall. And when the current payback period is more than 1.5 years, then most likely, after a short time, everything will change in your favor.
Warren Buffett's rule of thumb: "Be afraid when everyone is greedy, and be greedy when everyone is afraid."
Thus, I have developed for myself the following pattern, the more unprofitable the start of mining in terms of payback period, the better this entry point, and vice versa. "
Could you ask him to explain this point in more detail, because I haven't quite touched the point. Specifically the last sentence. Thank you and much appreciation for your kind efforts. I have read Apytioh's posts. Apytioh believes that it is necessary to invest in mining when the payback period is long and the equipment is cheap. When the payback period is short, the price is already approaching ATH. Apytioh plans to make money on mining when the price of the coin rises and the payback period for equipment can decrease from 5 years to 5 months. CHIA price to rise from $40 to $400. Anyone will probably ask why then not buy a coin for 40 dollars now? Buying hardware mining is risk diversification. The project may close, but it will still have its mining hardware. |
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People have already forgotten about it. Gold tokenization already looks like a scam, because there is not as much physical gold in the world as it is traded on the markets. https://bernstein-bank.com/en/mega-gold-scandal-in-china/"Raised eyebrows at gold bugs: A new counterfeiting scandal shakes the precious metal market. The Kingold affair is probably the biggest gold scam ever. The financial world is amazed by the machinations in China. The question is how high the proportion of counterfeit precious metal in the People’s Republic really is. We examine the consequences for the gold market." https://www.forbes.com/sites/forbesfinancecouncil/2022/10/11/understanding-todays-gold-market/?sh=9ea05824885a"Another concern is that there is vastly more paper gold than physical gold, some $200 trillion to $300 trillion on paper compared to $11 trillion of physical gold. The potential exists for an upcoming paper gold crisis." |
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Do you want to continue the interview about Crypto business in Kazakhstan? Apytioh is active on the forum and I may invite him for a third interview.
If you have any questions you would like answered, you can write here or DM me. Apytioh is a very open person and honestly answers all questions.
Such an interview requires a lot of time for me and the opponent, but I don’t see much interest in such content.
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What are the fees associated with Pax Gold? On-Chain Transaction fees: Whenever PAXG tokens are sent on Ethereum network, Paxos charges a small 0.02% fee of the amount of PAXG sent on the blockchain. 0.02% on-chain transaction fees are covered by users. For example, if you want to send 10 PAXG from one Ethereum address to another, and you want to ensure that the receiver gets at least 10 PAXG after fees, you should send at least 10.0020004001 PAXG total to cover the cost of the on-chain transaction fee. If you initiated a transfer of 10 PAXG, the receiver would get 9.998 PAXG after fees. Storage fees: Paxos does not charge gold storage fees to its customers at this time. Creation and Destruction fees: Whenever you buy or sell PAXG from your Paxos account (on either the wallet dashboard or PAX Gold pages), Paxos charges small fees to process both the creation and destruction of PAXG tokens (see fee schedule below). This includes all sales or conversions of PAX Gold to or from USD, gold bars or unallocated gold. These fees do not apply when purchasing & selling tokens through our exchange order book or anywhere else outside the Paxos wallet. If you wish to purchase or sell PAXG through our exchange order book your trades may be subject to applicable trading fees. https://paxos.com/paxgold/And what is the interest of the company that stores your gold? If it is money, then it can be invested in the market and make a profit. The company pays for storing gold, the company pays for insurance, the company pays for ongoing audits. Does this minimum commission cover all costs? I don't understand it. |
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But who knows, the source is inside Russia so might be true that they are just hiding on the reasons that they have abundance of electricity, on the other hand they want Bitcoin mining or Bitcoin per se, to go against the sanctions by the West. So still a win-win for them to go and become the second biggest mining country.
Many people in the financial system in Russia consider bitcoin to be a pyramid scheme. You can argue a lot on this topic, but a large number of bitcoins have already been mined. If Russia invests huge amounts of money in the construction of mining centers, then the US could at any moment ban bitcoin and make Russia's investment in mining useless. There are a lot of natural resources in Russia, and it is better for the government to develop more promising areas rather than bitcoin mining. Do you have any proof for your "US can easily go ahead and ban Bitcoin" claims? First of all we all know it's technically not easy, if even possible at all. Yes, they can crack down on legal exchanges and spread more FUD and make things difficult for any busninesses operating with Bitcoin. But WITHIN the US only. Given Bitcoin's current level of adoption, I doubt this is something the US wants to try. It would just create a huge exodus of crypto-companies towards other, more Bitcoin-friendly countries and lower the US' competitiveness in that field. And who has achieved the high level of Bitcoin adoption in the US? Bitcoin enthusiasts or influential bankers and businessmen? It is impossible to destroy or ban Bitcoin, but the United States can ban trading on major world exchanges. And most large companies will abandon bitcoin. Such a scenario is possible. All major markets are the US and Europe, I would not rely on Asia. |
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I do not believe that Gary Gensler will be removed from his position because of his actions with cryptocurrencies. Those who agree with the SEC will pay a small fine, which, according to the SEC, will be adequate and continue their business, and those who do not agree will get big problems in court. It’s most convenient to search not where you lost it, but where it’s light One night a policeman found a man searching for his keys under a streetlight. He joined to help, only to realize after hours of searching, that the man had lost his keys in the park.
“Then why are you searching here?” asked the policeman.
“Because this is where the light is,” replied the man.
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https://watcher.guru/news/tornado-cash-developer-alex-pertsev-to-be-released-from-prisonTornado Cash Developer Alex Pertsev To Be Released From Prison "Alex Pertsev, a developer of Tornado Cash, will soon be released from prison. Pertsev spent nearly nine months behind bars. The developer was detained by Dutch officials in August 2022. He was accused of participating in money laundering through the Tornado Cash cryptocurrency mixer. According to reports, Pertsev will be released on April 26, which is also his birthday. However, the developer is far from being cleared of charges. Pertsev is currently facing suspended release under surveillance. He will be under surveillance while he awaits trial from home. Pertsev would be placed under surveillance with an ankle monitor during the suspended release period."
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I want to comment on this Just the physical gold requires the cost of storage, security, insurance, and who will do it for free? Isn't it a scam that investors will trade virtual ETF tokens, but legally there will be no claims against the bank?
They did not clear this point wheather there will he full proof security of asset or this will be just token trading like other coin but i believe that you will he able to claim asset too because if its not possible than what is meaning of real asset tokenization. If backup available then this is good way to store real asset in very easy way. You have not to pay big tax for buy and sell gold, car, house and other asset. I don't know is there will be limited supply of these tokens and there will be same value of gold backed up or not because i read full article and i did not find information about it. This tokenization will allow everyone to be owner of smart parts of any big asset too. I'll write an analogy for everyone. Have you heard of the Grayscale Bitcoin Trust and their large supply of bitcoins? But where are these bitcoins, I have not been able to find the addresses of these coins for more than a year. It's secret. "Grayscale is not an ETF, although it is made in the likeness of an ETF." But Grayscale's investors don't own his bitcoins. Where am I wrong? I consider such schemes to be a possible scam. |
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https://cointelegraph.com/news/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concernsA researcher at the Ethereum Foundation has revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns. In an April 12 interview on the crypto podcast Bankless, EF researcher Justin Drake revealed that he learned this information “internally” — presumably, at the foundation. The metadata Drake referred to is used to track a wide range of things, he explained: “There’s a lot of metadata, you can look at deposit addresses, you can look at withdrawal addresses, you can look at fee recipients, you can look at IP addresses.” That's why it's called a centralized garbage! The lack of an open source easy to use wallet is another indicator. I would not call the only blockchain on which something really works on garbage dump. Experts say that if the validator does not use relays, then it is safe. But the IP can be found in another way, so if you want to be a validator, then you need to know about it. https://beaconcha.in/relaysI recommend an interesting post Gary, tell us what is Ethereum? https://bitcointalk.org/index.php?topic=5449596 |
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https://finance.yahoo.com/news/sec-chair-gensler-declines-ether-080521859.htmlU.S. Securities and Exchange Commission (SEC) Chair Gary Gensler refused to say whether ether (ETH), the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday. One of the most contentious points in the hearing came early on, when McHenry asked Gensler to say if he thought ether was a security. https://blockworks.co/news/regulatory-clarity-ethereum-genslerMcHenry asked Gensler some very specific questions, including this one, regarding Ether (ETH), the native token of the Ethereum blockchain.
“Clearly an asset cannot be both a commodity and a security. Do you agree?”
“Ummm, I… I… it’s… actually all securities are commodities under the Commodity and Exchange Act, it’s that we’re excluded commodities, but I would agree that a security cannot also be an excluded commodity and an included commodity, I’m sorry chair, just to talk about the Commodity Exchange Act, more precisely.”
McHenry did not appear to think this answer was an answer at all.
He followed up: “I’m asking you, sitting in your chair now, to make an assessment under the laws that exist: Is ether a commodity, or a security?”
“Without speaking to any one…” began Gensler.
“You’ve repeatedly said you won’t speak to one,” interrupted McHenry, “But you’ve spoken to one: bitcoin. So I’m asking you to speak to a second one, with the second largest market cap.”
“In speaking to the tokens,” Gensler replied, “There’s ten to twelve thousand, if there’s a group of entrepreneurs…”
“I’m asking about one,” interjected McHenry. “I’m asking you a specific question, Chair Gensler. I said this in private, this should be no shock to you that I’m asking this question. Is ether a commodity, or a security?”
Gensler: “And again, it depends on the facts and the law on if there’s a group of individuals…”
McHenry: “I’m asking about the facts and the law, sitting in your seat, and the judgment you are making.”
Gensler: “And so, Mr. Chair, I think you would not want me to prejudge…”
McHenry wasn’t having it. “But you have prejudged on this. You’ve taken 50 enforcement actions. We’re finding out as we go, as you file suit, as people get Wells notices on what is a security in your view and your agency’s view. I’m asking you a very simple question about the second-largest digital asset. What is your view?”
Once again, Gensler refused to answer. “And my view is, if there’s a group of individuals in the middle of it, the public is entitled…”
McHenry gave up and moved on.
https://korea.postsen.com/business/145169/US-SEC-Chairman-Avoids-Answering-Ethereum-Securities-at-Hearing-%3C-Blockchain-%3C-Main-article.htmlPreviously, Chairman Gensler argued that Ethereum, which was converted to Proof of Stake (PoS) after the merge upgrade, is a security. He cited the fact that the majority of all nodes operating Ethereum at the time were in the United States. Live: Gensler Answers to House Financial Services Committee https://blockworks.co/news/gensler-house-financial-services-committee___ This is a real circus!
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But who knows, the source is inside Russia so might be true that they are just hiding on the reasons that they have abundance of electricity, on the other hand they want Bitcoin mining or Bitcoin per se, to go against the sanctions by the West. So still a win-win for them to go and become the second biggest mining country.
Many people in the financial system in Russia consider bitcoin to be a pyramid scheme. You can argue a lot on this topic, but a large number of bitcoins have already been mined. If Russia invests huge amounts of money in the construction of mining centers, then the US could at any moment ban bitcoin and make Russia's investment in mining useless. There are a lot of natural resources in Russia, and it is better for the government to develop more promising areas rather than bitcoin mining. |
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For such projects, the country must train specialists. They had to recruit a group of students and send them to study in other countries, so that after a few years they would come back and do their projects on the territory of CAR.
This approach of governance is similar to the fact that the country is run by brainless economists. The economy is not bitcoin, you need to build factories and enterprises, because of the cheap labor force, make competitive products. And from the fact that you allow cryptocurrencies, nothing will change. Maybe life in developed or tourist countries will be a plus.
I totally get where you're coming from. It's clear that just adopting Bitcoin as legal tender won't magically solve all the economic problems in CAR. Building a strong economy takes a lot more than that, like investing in education, setting up factories, and taking advantage of the local workforce. That said, cryptocurrencies can still be a useful piece of the puzzle. They can help bring in foreign investments, make international trade easier, and even inspire technological advances. And on top of that bring in more tourists... I watched a few reports about CAR, they say that this country is very unsafe. A tourist can be robbed even in a hotel. Investments come to a country when there are advantages for a faster return on investment. And when it is dangerous in a country and weapons are sold openly on the markets, not a single investor will go to such a country.There is nothing to discuss about tourism. |
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I am not done anything, illegal bro. I am a p2 p trader.
It kind of chain block of one scammer or fraudster money distributed to many accounts every account gets blocked
I wrote many times that for cryptocurrencies and p2p exchanges, you need to open separate accounts in other banks, and not engage in this activity on the main cards where you receive wages or benefits. But you still need a wholesale lawyer to communicate with the bank if you have a large amount blocked. I don't know your situation. If I were you, I would find out from the bank what they need on my own. If they started asking me questions, I would say that I don’t understand anything about it, so I’ll come tomorrow with my lawyer and give all the answers. If this is possible in your country, then this is a good option. |
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https://www.coindesk.com/business/2023/04/14/tokenization-of-real-world-assets-a-key-driver-of-digital-asset-adoption-bank-of-america/“Tokenized gold provides exposure to physical gold, 24/7 real-time settlement, no management fees and no storage or insurance costs.” The low minimum investment increases accessibility and “fractionalization enables the transfer of physical gold ownership and value that was not previously possible,” analysts Alkesh Shah and Andrew Moss wrote. ___ I want to comment on this Just the physical gold requires the cost of storage, security, insurance, and who will do it for free? Isn't it a scam that investors will trade virtual ETF tokens, but legally there will be no claims against the bank?
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Such projects always start with good intentions, they are fast and instant payments for everyone. But how the project will develop later and what restrictions we will see is unknown.
There is a paradox in Russia. If I go to the bank application and send money to an individual, he will receive a notification about the receipt of money in the bank application within a minute. And if I send money to the account of the organization, then the payment can take up to 3 days, but as a rule, the company will receive the money the next day. The same is true between company payments, the period is 1-3 days. But it's stupid to have such delays in the modern world. And payments between countries can take up to 7 days.
That's why we need Bitcoin! Personal opinion? These guys are just prolonging the inevitable. Thought for a second she was gon' suggest a sensible alternative when CBDCs being a 'not so good' idea was mentioned. But then she still goes ahead to introduce this? It's like jumping from the pan into the fire situation. Will they learn? Bitcoin cannot solve business problems now if it is not payers through intermediaries who accept cryptocurrency, then transfer money to the account of a store or company. I will explain with an example how cryptocurrency owners can be turned into criminals. https://www.business-standard.com/article/international/israel-limits-cash-payments-to-fight-financial-crimes-tax-evasion-122080200124_1.htmlThe legislator can force all holders of cash and cryptocurrencies worth more than $10,000 to declare it, and anything found without a declaration will be confiscated in favor of the state. And the owner will get jail time. |
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Such projects always start with good intentions, they are fast and instant payments for everyone. But how the project will develop later and what restrictions we will see is unknown.
There is a paradox in Russia. If I go to the bank application and send money to an individual, he will receive a notification about the receipt of money in the bank application within a minute. And if I send money to the account of the organization, then the payment can take up to 3 days, but as a rule, the company will receive the money the next day. The same is true between company payments, the period is 1-3 days. But it's stupid to have such delays in the modern world. And payments between countries can take up to 7 days.
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6 of my accounts frozen only I have case officer details.
I have no idea whats hell is this really
Sir I have shared my number in DM. I cant send more message to you since its says limit on newbie contact me in wapp please
If 6 of your accounts are frozen, then you or another person did something bad with your accounts. In my country, they usually ban an account in only one bank. You need to find a good lawyer in your city to communicate with the bank handler. Or is it normal practice in your country to block so many accounts at once? |
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