VHP runs the country in most literal sense! Who do you think Narendra Modi is controlled by? It's RSS and VHP who are trying very actively to make India a hindu rashtra. It is them who are promoting this cow dung and urine as a cure of every disease. UP government is the one who are highly under their influence.

However, the matter of crypto has now become very serious. But government will possibly not ban it outright. Rather, it will be classified as asset and GST will be imposed on that. Government is eyeing for revenue out of this crypto matter.

This type of surveys usually means nothing and may be far from the reality. It depends on many factors and sample size of the survey. Also it depends on what segment of the society you are targeting. If a similar survey runs here in bitcointalk, more than 90% of respondents will say bitcoin is better than local currencies and they don't need banks for their finances.

So yes, it's good to see positive responses as always. But don't make the mistake in thinking that it represents the entire world. It's an opinion from the targeted audience where blockchain awareness is increasing.

The cryptocurrency and blockchain space has been generating a lot of interest from the venture capitalists lately. In my country, where the legal status of crypto is still not known, we have a unicorn startup in crypto service space. So you can understand how much interest it is really generating where the BCs are ignoring the legalities and investing in this industry. They are well aware that they might loose the entire investment in case my country decides to ban crypto.

But that's good because crypto ecosystem needs services built around it to make it more viable for the common people to enter into the market. Which ultimately increase the adoption.

I don't think it is anything new in the crypto market. There are couple of Defi platform where you can borrow money against your crypto holdings. Coinbase is a late entrant in this loan market but given its existing customer base, they might become the king of this crypto loan market.

I don't think it's an attempt to bring bitcoin within the purview of traditional banking. It's just business and an attempt to increase the net asset of the company. Because when you open a crypto account with coinbase and deposit your crypto there, it becomes a liability for them. But when they give out loans against collateral, it creates asset for them on the books.

It absolutely makes sense for those who are in need of money but don't want to sell off their crypto holdings.

VCs are mainly interested in three things -

1. Money: let them know how your coin will earn revenue from the market and what are the ways. prepare some real world usage of your coin and demonstrate the revenue sources.

2. Marketing: let them know how you are planning to market your coin and how it is different and impactful.

3. Competition: let them know who are your competitions and how are you planning to beat them in their own game.

If these three parameters are demonstrated clearly and effectively, you may get a chance to receive the money from VCs.

I am an atheist and I would like to offer my opinion here.

Religion was never meant for spirituality. It was all about ways to live a life. Spirituality comes from within and it's your inner calling that has no relation with the religion. Unfortunately, billions of people believes in religion and it impacts their lives both in a good and in a bad way.

Till now, I have not seen a single Muslim nation approved cryptocurrency as a legal tender. But at least Indonesia spoke about it and gave a reason for not approving it.

But when a large group of people believes that an ancient book written thousands of years ago can decide their way of life better than science and technology, you can only say that it's unfortunate!

But in a free world, it's an individual choice whether to follow the teachings of religion or to progress with time. You and I can't do anything!

I agree with you statement! Where regular payment is concerned, stablecoins are always better, faster and cheaper! But USDT has a reputation issue. They are claiming that their coins are backed by USD at 1:1 ratio but they have never tried to prove that neither thye have done any auditing.

So I am not sure why El-Salvador is opting for USDT. But I understand it's a decision taken by the government as bitcoin adoption didn't go as intended. So let's see how this pans out!

It seems the puppet RBI governor has again opened up against cryptocurrencies today. Read the news below,

https://www.thehindu.com/business/rbi-governor-shaktikanta-das-reiterates-opposition-to-cryptocurrencies/article37433963.ece


No wonder a banker would say the same thing anywhere in the world. But considering cryptos are not yet regulated in India, it's risky!

Absolute nonsense! When the crypto market is going on a growth trajectory, these meme coins are actually eating out investments which could have been flowed into actual cryptos with a plan for the future.

Meme coins are bad for the market. Remember one thing, there's no shortcut to get rich! These meme coins will eventually be wiped out from the market when the hype around it stabilizes. So don't waste time around these nonsense coins.

Staking is a great way to earn passive income. I am eagerly waiting for ETH to move to POS algorithm so that I can stake those and earn a return. Otherwise whatever ETHs I have earned from various ICOs back in 2017-18 period are just sitting idle.

I am not sure about the platform you have mentioned so wouldn't talk about that. But if you are a crypto investor with long term mindset, staking is the best way to move ahead so that you accumulate and earn a fixed passive income out of it. Definitely better than POS because you won't need any specialized hardware and expensive electricity bills.

Lol! Cryptocurrency market is a parallel ecosystem so it absolutely makes no sense to replicate the mainstream economic structure into the crypto market. Stablecoins are definitely needed but no so much that it overtakes bitcoin. Crypto market is all about free market where the price of an asset is driven by the market demand. Whereas stablecoins are driven by the value of its underlying assets.

In my language, we have a saying that - Baap baap hota hain!

Bitcoin will remains as the Baap of all cryptos till the time cryptos remain alive. Doesn't matter what the founder of a centralized currency thinks!

When Jeremy purchased Pizzas back in 2010, bitcoin was not a known name like it is today. So he is glad that he was able to spend bitcoin for a real world item back in 2010. In many interviews Jeremy said that he doesn't regret about that purchase. Obviously he would have become a multi millionaire by now, but back in 2010, Jeremy surely didn't expect that to happen!

But now many people know that bitcoin is an accumulation game. The more you can accumulate, the better the future would be! The adoption is increasing day by day and today's price of bitcoin will look like a dream 2 years down the line. People who are thinking that bitcoin is too costly, would regret for not buying! That's the game and I welcome you to the arena.

I can bet against this rumor! Facebook will never enter gambling market directly or indirectly. Yes, they may bring some "play to earn" game and possibly enter into NFT market, but not in gambling. Facebook has already seen many battles to safeguard their reputation and gambling is actually perceived negatively in the society. So they will never engage into such business. Not in our lifetime. I am not sure from where did you hear such rumors.

That's really odd! Because I believe Sweden was the first country in the world to create a completely cashless economy quite successfully. That shows their technical advancements but now with this comment, I would think twice before calling them advanced.

I am sure the government officials are misguided by the banking lobby. The banking industry has seen that they are unable to fight with the popularity of bitcoin. So they are trying to take different ways to fight it and this could be one if those different ways.

yes, I indeed spoke to Satoshi many times and asked him about his plan to reveal his identity to the world!

In my dreams, obviously!  

On a serious note, I don't think anyone here knows his/her real identity. I know Hal Finney had a contact with him during the initial days of bitcoin, but I doubt he knows the identity of Satoshi to be honest! He had few email conversations with Satoshi but the real identity is not known. Satoshi is not a stupid man, whoever is in touch with him, is unaware of his real identity. The contact was through emails only!

These people have access to excess money. These money comes from us who buys China made iPhones at US made pricing. So it's no wonder that Apple is a trillion dollar company and a CEO of the company, Tim gets a handsome bonus which basically sits in his account making zero inflation adjusted profit. So people with such deep-pocket are exploring options to invest their money elsewhere and considering the performance of crypto, there's no better choice right at this moment.

So what Tim Cook did, is just a wise step to make use of his unused money in the best possible way! While it's not a news which will impact bitcoin super positively, but possibly win some trust of common mass. Nothing major!

Fortunejaack is licensed in Curacao so the laws of UK has no effect on them. However, Fortunejack is very old crypto casino and quite reputed too. So I think they must have a explanation of the situation. You can get in touch with the company representative here in bitcointalk.

Profile link: https://bitcointalk.org/index.php?action=profile;u=303298

Thread link: https://bitcointalk.org/index.php?topic=774929.0

Also you can open a thread in "scam acquisition" section and let the company review your situation. I hope a solution will come out from here.

Getting salary in a volatile currency like bitcoin, is a very risky proposition. I know it can be extremely rewarding as well if the price increases but considering the price fluctuation, it is risky.

Personally I wouldn't prefer to get my salary in bitcoin. But given a chance probably 20% of my salary can be given in bitcoin and rest should be in fiat. This will ensure that my ingoing liabilities are met and also I will get the chance to save in bitcoin.

Having 100% of my salary in bitcoin or in any other crypto is a big no no.

Jobs and business are two different choices for two different mindset. If you want a life with stable income, you will choose job. But if you want a life which is riskier and more rewarding and also comes with ups and downs, you will choose business.

But there is another segment of people who chose both. During this pandemic time, a lot of servicemen have found time to setup their own businesses based in their hobbies. So they are continuing with both.

If you have the ability to take risk, you can definitely choose business. But if you want a stable income, choose job.

Someone or some company selling of gold and buying bitcoin does not signify that bitcoin has become a safe heaven asset or better than gold. It entirely depends on the risk appetite of an individual or the company management.

It ia indeed a good news for the bitcoin market as it will boost demand and increase the cash flow in the market. It is great to see that more and more institutional investors are finding bitcoin as an investable asset. From the price perspective it is great and we all are going to be benefitted from it.