“We want to make sure there is a window available for all kinds of experiments which will have to take place in the crypto world. It is not as if we are going to look inwards and say we are not going to have any of this. There will be a very calibrated position,” https://twitter.com/CNBCTV18News/status/1367810414679977987That's a diversion technique she is using. It is as per the standard of the entire cow cabinet whenever they need to avoid further criticism on any pending decision. Whoever rejoicing, will have to take the facts into consideration. RBI is dead against the cryptocurrency model anyways so when the Finance Ministry is saying that they will consider the responses from the related agencies, RBI will never accept the proposal of experimentation. Don't rejoice! Look at the facts! |
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Have you ever thought what would the world be without Bitcoin? Imagine if the cryptocurrency was never invented and we'd still be living with Fiat (paper money and credit/debit cards). People would be subject to banks' desires without a chance for freedom. A cashless society would be only a dream, without innovations in the FinTech space. Gold would still be an option, but not everyone will be able to access it. The unbanked people will be forced to deal with banks in order to participate in the mainstream economy. A lot of challenges and hurdles would arise without a decentralized form of currency for the enjoyment of all. What do you think the world will be today without Bitcoin? Your input will be greatly appreciated. Thank you.  A world without bitcoin would have been perfectly allright as it is today! Just with some billionaires and millionaires less. People are any ways using digital transactions using their debit and credit card and bitcoin didn't help in adoption digital payment in daily life! Bitcoin is neither helping the unbanked population in any way! Bitcoin at today's date, has become a very niche currency which is extremely hard to earn or produce! So if someone calls bitcoin as a currency of mass, their claim is incorrect! Without bitcoin, the world is perfectly fine! Just the number of rich people would have been a little less! |
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For those new to the industry, there's no need for panic...
At the moment you can still withdraw your money to your local bank account, the FGN proposed ban is only applicable to bank deposit ( i.e, transferring of money from your bank account to Crypto exchange) at the moment.
It seems the ban in Nigeria is not very strict. Nigerian government has only banned depositing to crypto exchanges but not the withdrawal, it seems! Am I correct? It doesn't make sense at all! If a government wants to impose a ban on anything, they will block all possible ways! But allowing crypto proceedings to credit to your bank account, doesn't make sense! Or is it something allowed for a fixed period of time so that Nigerian people can sell their crypto holdings and come out of the market? |
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What do you guys think about this?
It's nah for me. Waste of phone's energy and battery life span. Pi is a phone app trying to monetize and has over 13 million users.
Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens? Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi. I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake. It's just an overhyped project which got so much attention but still failed to use this initiative. They even use Adsense to their mining app to earn some money which is funny. A well pre-planned project won't do this also as you have mentioned about their KYC. This coin is not tradable but they have implemented KYC right now which is suspicious. Indeed! They have recently stopped their kyc for a while due to some technical issues but they didn't rule it out! Also as per their plan, Pi will be listed to the exchanges by the end of 2021. So they will come back with kyc requirement shortly again. Which is really suspicious! Btw, I didn't see any adsense advertising in Pi app. Are you talking about PHT token? |
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What do you guys think about this?
It's nah for me. Waste of phone's energy and battery life span. Pi is a phone app trying to monetize and has over 13 million users.
Does these 13 million users is a legitimate stats from minepi? and are these people have anyway to sell their minepi tokens? Pi don't use your phone's battery or CPU power to mine. It's just a pre-defined amount set within their algorithm that you get after specific time duration. So it doesn't cost you anything to mine Pi. I used to mine Pi earlier but now they have started showing their true colors. Everyone will have to comply with their KYC rule to withdraw and use Pi token. Which is really absurd so I am not using it anymore. For a token which is not listed in the market and doesn't require a dime to mine, complying with KYC can be a costly mistake. |
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I mean sometimes I see websites like (gambling tours, golden casino tours online etc) - the main thing is you fly to the phisical casino for free in any city of the world. But you have to make a deposit. Depending on casino deposit's price is near $5 000. The option that you pay firstly just a half or even 3d part of amount and then another one. Plus you shoud stay there from 2 days etc. So, who tried such websites and services: https://fly2play.net/, https://www.tripadvisor.com/Attractions-g186338-Activities-c53-London_England.html ? I didn't try this website you have mentioned but I had once visited Macau 3 years back. It was a part of my 2 weeks long holiday to Singapore and Macau and my first ever foreign tour. At least for once I have added a foreign stamp to my passport. But it can't be considered as a gambling tour because I hardly spent time in Macau casinos. If I remember correctly, I had played few round of slot machines only! There are people though who undertake pure gambling tour and I had met few people from my country who went their for gambling only! I believe we only have two such destinations in the world, Macau and Las Vegas! |
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It has been explained to me, albeit, in layman's terms, that one of the reasons our modern cryptography works so well on classical computers is that they rely on prime factorization which classical computers don't do so well. This has been key to maintaining our computers and networks secured. One of the things Quantum computers do better than classical computers is prime factorization. How will the advent of Quantum computing impact cryptography? Will technologies like blockchains and bitcoin be affected?
Quantum computers are a reality and not a myth anymore! Companies like IBM, Google have invested billions in their quantum computing project and has seen a preliminary success. It's definitely a threat to cryptography but not an immediate one! Quantum computers are exceptionally costly to build and only a couple of nations have shown interest in it! If you think hackers will use such computers to launch an attack on cryptocurrencies like bitcoin, then you are daydreaming. Quantum computing is not yet a threat to cryptography, at least not now and not in immediate future! |
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This is an endorsement of Bitcoin when a socialist/fascist like Warren attacks Bitcoin. Of course she is to stupid she didn't even get Yellen's comment right. The authoritarians don't like people to have ownership of their minds or products of their own minds. It interferes with their quest for power. Democratic Senator Elizabeth Warren backed recent comments on bitcoin by Treasury Secretary Janet Yellen during an interview with CNBC’s Squawk Box on Tuesday. Asked if she agreed with comments saying the cryptocurrency was a “speculative” asset made by Treasury Secretary Janet Yellen late in February, the Senator said, somewhat coyly: “I think Janet’s a really smart woman.” When pressed, she said, “‘Speculative in nature and going to end badly’ – I don’t think Janet left a lot of room for ambiguity.” https://www.coindesk.com/bitcoin-warren-yellen-speculative-natureCan't agree more! All fascist powers think alike! They see bitcoin as a great threat because it gives power to the common people without the central bank's mediation. So they think it is free money to the people. Same goes with the government of India, Government of North Korea, Government of China! All fascist leaders consider bitcoin as an evil and wants to ban it! Little they know, that bitcoin is a revolution and can't be banned by a law! It will eventually find it own way! |
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Andreas Antonopoulos made a great video for everyone to watch, both for newbies who don't know anything about Bitcoin and as reminder for everyone else who is watching Bitcoin price waves now. All fiat currencies are in war with each other and with Bitcoin, and their big boats are all sinking at different speed but they are surely sinking. Central Bank Digital Currencies and corporate coins like Libra are just a distractions. Bitcoin is a Lifeboat, so you better prepare and help others prepare for future events with sharing this video:  source video: https://youtu.be/stN03wk_WzsSo with this you are suggesting that there will be no nations on the face of earth in future! One government will rule the entire world and the local fiat currencies will be extinct. Otherwise I don't see this happening ever in the future. There are endless ways to fight inflation and do you think a sinking government with weak currency will not adopt to those? Will IMF or World Bank not step in if the world sees a great economic crisis at this scale! Ypur argument sounds good as a conspiracy theory only but far away from reality! |
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Thanks for the reply, my search function didnt work properly.
I will check those out, as indeed YOLODICE was my preferred option.
Yolodice has closed their operation so unfortunately you won't be able to invest in there. Their website will be operational till mid of March only! There are other gambling websites that accepts investment as some of the members have already notified here. But always understand the risks before investing anything in gambling bankroll. It's not always rosy as it seems! If a member wins jackpot, might bring some disastrous result to your investment. So take an informed decision before jumping in. All the best! |
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As an old bitcoin user, I want to disagree with your statement but unfortunately the current situation is something different than we have expected! Bitcoin has started as a currency system that lives within the internet but slowly it has become an investment asset. The inventor of bitcoin mentioned bitcoin as - "Bitcoin: A Peer-to-Peer Electronic Cash System". But currently bitcoin is used as an investment asset due to its high volatility and extreme upside potential derived from the historical trend.
I won't say that bitcoin can't be used as a practical cash system but the current transaction fees and waiting time, made it look bad as a currency. People who are transacting in huge volume, may find it practical to use bitcoin. But for common people like us who usually make small amount transactions, bitcoin is an expensive currency option. Definitely Lightening Network is here to help but its adoption is still low.
So what many people think that bitcoin is not a practical currency system - are probably right! At least as per the current trend!
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I wouldn't take it as a biggest news around crypto in 2021. It's a generally positive news! I know VanEck is trying to get their ETF approved since 2017 but their requests have been declined by SEC every single time. This time it is a little different because now an exchange has filed an intent to list an ETF from a preferred service provider. So this time things may become a little more positive for VanEck. Now SEC will have 45 days to either approve or decline the ETF request. This time it is a little different because in last few months Canadian government has approved multiple bitcoin ETFs. So as a strong ally of Canada, US regulators may think the matter in a different way this time. The best part is that VanEck's ETF will be a physical bitcoin ETF. So they will have a custodian who will hold the bitcoins for VanEck's trading. More institutional money means more liquidity. |
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I think that the connection between traditional investment an investment in Bitcoin as an alternative asset by the big player will start to create a link between inflation, rates and the price of bitcoin. It is traditionally well established that stock drop when bond rates rise. Will that happen to bitcoin prices? Is there still a place to hide if bitcoin becomes fully connected?
There should not be any correlation but unfortunately we have see trends where the bitcoin market has responded inline with the traditional market. But it should not have happened because when the traditional market goes down, bitcoin can be considered as a gateway for parking money. So ideally bitcoin market should have responded in a different way. But with billions of institutional money, we are moving towards a connected economy! I think Gold or silver can be an alternative vehicle to park your money in case we face a global recession again. These metals will not be fully connected to the traditional market and these have been used as a tool for capital protection since ages. So if bitcoin becomes a fully connected investment with the traditional market, metals can be an alternative, at least to me! |
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It's good to see that global organizations like Citi Group is taking bitcoin seriously and considering it as a significant change/improvement in the financial sector. Banks are slowly understanding that they will either have to adopt crypto to stay relevant in the game or they will be left alone in due course of time! Meanwhile, I am receiving emails from my bank about the risks of cryptocurrency and why shouldn't we use them! Just a mindset, it seems! |
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I don't really agree with the author because I read an article that says that fantasy sports are in high demand among rich people. In addition, as correctly noted sportbettor there is more than one site offering betting services in the world of fantasy sports. Of course, if you compare it to poker or blackjack, it's a drop in the ocean.
I don't understand why fantasy sports are in high demand among rich people only! I think they are in high demand among the youth because they are the one who really love fantasy sports. This concept of fantasy sports is comparatively new so I don't see why Rich people are the main beneficiaries here! Also this kind of gambling has a great future because they are not legally banned in countries like USA or India or wherever the betting on live sports is banned. So along with a gap in the market, there are untapped regions to explore! |
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If the US disable bank transfers then all other region will be forced...
If the US disable bank transfers then all other region will be forced to create its cryptocurrency or stablecoin as because the transfers will only be done using cryptocurrency. It will sky-rocket the price of Bitcoin. Do you think it will happen?
What is the context? Creating a cryptocurrency or a stablecoin is actually easier said than done! Why US will disable bank accounts? If I assume that USA disables bank accounts or bring in absolute vigilance for whatsoever reasons, Bitcoin price will definitely appreciate because bitcoin's demand will be increased. That's simple math! But I still would like to know the context! |
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I hope CMC isn't manipulating the result! This kind of sentiment tracker is a great tool to manipulate people and their mind which makes them believe into something that might not be the reality. But I hope CMC is carrying forward the reputation of Binance now and possibly the data is not manipulated.
So when I see 60% of the voters feel good about the correction, it shows a generally bullish view. That mean people are taking this correction positively.
Btw, is there any way to know how many people have voted in this sentiment tracker? This is a very important parameter for such trackers.
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Op is seeking crypto enable fantasy gaming sportsbook. The list you have shared are fiat sportsbooks. I couldn't check draftkings though as it has blocked traffic from my country. But for remaining 4 sportsbooks, I didn't see any mention of cryptocurrencies. I don't think we yet have a crypto enabled sportsbook which allows you to bet on fantasy sports. At least not that I am aware of. So possibly it is a gap in the market and hopefully we will shortly see some cash rich casinos leaping into the gap! |
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That's the basis of a debt based economy. Developed nations lend money to the underdeveloped nations and this debt is considered as an asset for the lender nation while it's a liability for the borrower. So now if the borrowing country fails to repay the debt, that's when it brings a challenge to the lender country. No country can print money out of thin air. That needs to be justified by the money they have lended.
If any country fails to pay the debt, that when the economy and currency value of the lender country faces the turmoil. So far, US stayed at the top of the game and India is one of their important ally in Asian region. The amount is high but India has the capacity to repay the debt.
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