That's pretty clear as daylight. CBDCs will actually take away our financial privacy once and for all. Cash still have a certain degree of anonymity but with CBDC, everything will go away. Every single transaction will be viewed by the enforcement and regulatory agencies and we will have nothing to hide at all. With CBDC, every single income of ours, will be visible to the tax authorities.

So I am not sure who is cheering for CBDCs at all. But it is because they could understand CBDC at all.

It's sounds really interesting! Are they targeting e-sports or real field based games? E-sports is already a huge market and highly competitive too. If they can do it in a correct way, possibly the platform will see success. But again, a lot depends on execution actually. Since it is a very new type of concept, they will have to select a market to test out the platform. Eventually it can be moved to other markets in future time. I will try to find more info about it because it sounds really interesting for a occasional gambler like me!

Do Binance has this kind of influence which can make a coin to come to the top 10 within one day of listing? If yes, then it's certainly bad for a claimed decentralized economy.

I also don't see an option to mine or stake this cryptocurrency anywhere. Is the only way to get ICP is through exchanges? Or there is any other way?

There is a new coin listed in CMC which immediately went up to the 8th position within just one day.

https://coinmarketcap.com/currencies/internet-computer/

The main company behind this coin is dfinity. Org. Which seems to be another coin with smart contract capability with great scaling opportunity. I mean we have many other coins of Similar sort.

What's special about this one?

These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future. There will be currencies which will give a little competition to bitcoin but there's no question of overtaking it. In real world comparison, it sounds like South Korea overtaking the economy of US. That's not gonna happen.

Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.

It seems Mark is missing the limelight from a long time. Especially after his dream project Libra failed to take off, he has become very silent about the crypto matters. No wonder he wants to make fun of bitcoin through naming his goat. No need to take it seriously. It could very well be a mockery considering he failed in his crypto project and there hope of it in near future.

It's a classic case of gambling addiction and nothing else. It happens when greed takes over the mind and drives it. I am glad that the fellow has finally started taking medical assistance from the competent people. However, I don't why the gambling companies are to be blamed here.

Quote from the article,


If your greed lures you into something that has a negative impact on your finances, why blame the gambling operators when they are operating legally? Rather why not blame your own greed?

I wouldn't disagree here! Dogecoin is indeed meme coin without any real use case. Even the dogecoin developer has sold all his coins to buy a Honda Civic back in 2015. It doesn't have a serious developer team supporting this project. The recent surge in value has happened because Elon Musk supported it constantly. So there's no real reason behind its surge. So they way it has gone up, it may come back in a Similar fashion.

It's definitely not a currency to HODL. Just make some profit through trading and leave it.

Good news! When a big brand name like ESPN joins the blockchain based e-sports bandwagon, it will definitely create good awareness among the mass about blockchain and cryptocurrency in general. So it will be a net positive for us!

The e-sports gaming industry is already huge and new entrants like ESPN will take it another notch higher through their existing marketing channels. Fingers crossed!

That's a very risky proposition. I know bitcoin has shown extreme upside since last few years, but there arr coins which have outperformed bitcoin as well in terms of growth. However, having no diversity in investment can bring bad fortune in tough times.

So I will always advice to have some real world investment besides bitcoin. Gold and equity are great choices for investment and always have them in your bucket. At least gold will support your capital investment in tough time.

Bitcoin has become an investment asset more than anything else. It's not anymore a currency to the mass which is used for transactions over the internet. It's not anymore a system which lets you take over your finances from the money hungry corporates. It's not a revolution anymore!

Bitcoin has simply become an investment asset which has outperformed all other investment assets so far. So what Snowden is referring to, is true! Sad but true! It has become a way to be rich more than anything else!

Kind of good news but with few risk elements as well. If banks start accepting bitcoin that will create more awareness among the masses. But at the same time banks will start controlling a big percentage of cryptos under their custody which may further centralize the circulation of it.

But it is a net positive because the adoption of bitcoin will increase heavily among the mass and the businesses. That means more liquidity and a price increase could follow. We just need to keep the big corporates out from this game!

We all need to understand that nothing in this world comes for free. Elon Musk simply used his influence to make few millions of profit. And that's completely justified in the business world. People are here to make profit and not charity or HODL. So if you were expecting Musk to HODL his cryptos, you had asked too much. That was pretty much expected.

That's why I always mention thay corporates joining this bitcoin bandwagon is not a very good thing for commoners like us.

The entire event looks like a publicity stunt to me, honestly! Floyd Mayweather has lots of things to do in life rather than sending goons to kill someone. The video looks real but such kind of events can be very easily staged. So there's no reason to believe what we are seeing in TV or Youtube. Illusions can be manufactured and that's what happened here!

That's what the biggest fear as on date. With more and more corporates jumping into this field and hoarding millions worth of bitcoin is what driving us towards more centralization. Definitely a lot of additional liquidity is flowing into the market, but bitcoin market was never deprived of liquidity so that's not what we want.

Once the corporates have their hands on to the majority of the bitcoin supply, we will be doomed to death as then the market will be controlled by few companies just the way today's financial market is getting controlled. Not a matter to cheer on!

Why not live blackjack? I mean what's the issue in live blackjack anyway? A live game is always better than a game against house where the house can use bots and scripts to fill their pockets. I personally think it is always better to have a pvp game arranged and monitored by the house to maintain clarity. House gets the house egde from every game and players get to play with real people. Win win proposition!

Yes, bitcoin can very well be hacked by the billionaires. The fear of happening this is getting more prominent whenever we hear a news of corporates jumping into bitcoin bandwagon. Corporates are sitting of pile of unused cash and if majority of the CFOs start thinking like Square or Tesla, soon they will buy majority of the bitcoin supplies that are floating in the market. Then they will become the main driving force in the market and manipulate the market for their own benefits.

That's why too much attention from corporates is not a good thing for the commoners like us.

I don't think it is the way forward. Rather, it is just an option for the players. Bitcoin has not yet reached to that level, where it can replace the value of money. Hence it is not yet a preferred choice for the players to get their salary. They probably wouldn't mind getting the bonuses in bitcoin, but it is still a distant future when the players will get the salary in bitcoins. So it's not a way forward as of now but may change in future if bitcoin really follows the stock-to-flow model and reach 1 million. Some players might want to have a little amount of bitcoin in their wallet looking at the future possibilities. But that's not going to become a trend anytime soon! 

Indian economy needs an educated leader to lead to its success. GST is an improper indirect tax solution which has forced millions of businesses to close down within months of its introduction. It's true that government is earning more revenue through it but let's take a look how they are spending it.

1. Statue of unity - wastage of 370 million USD
2. Narendra Modi Stadium - wastage of 110 million USD
3. Central Vista project - wastage of 140 million USD (ongoing)
4. Proposed Sivaji statue - wastage of 540 million USD (proposed)
5. Bullet train - wastage of 10 billion (estimated)
6. Ram Mandir - wastage of around 300 million USD (estimated)

Now when the second wave of covid hit the country, we are realizing that our health infrastructure is not capable of handling such situations because millions of people have already died. Worst is yet to be seen!

No one knows when the bubble will burst for dogecoin but it will happen for sure. It's mainly a meme cryptocurrency and the value of this coin is only skyrocketing just because Elon is supporting it. There is real value proposition behind it.

So unlike bitcoin, dogecoin's value will collapse once the bubble run is over. Just no one knows when it will happen. Till then, mint as much as you can!