I am really sad to see your thread and unpleasant experience you have faced due to the regressive legislation agaisnt cryptos  cryptos in your country. Unfortunately, my country is also on the verge of announcing such legislation against cryptocurrency. So I am sure a lot of us will probably see such emails coming from our banks! It's good that your bank didn't freeze your money. In my country, banks are planning to freeze the accounts with all funds in it! We are yet to see that in action but that's an imminent future for us!

Can't agree more! Bitcoin has indeed become an investment rather than a currency. Probably it's for greater good but still it's not a currency anymore. The only way to use bitcoin in your daily life is by using a prepaid card. Where you will fund your account using cryptocurrency and pay transaction fees only once and then continue to use the card for your daily purchases like you do with your other bank cards. That's one way out! However, if you want to do small or micro payment using bitcoin, that's not practical anymore! So the people within the network, it taking it as an investment because historically it has given a lot of profit to its investors. Also the big corporates joining the investment bandwagon, is sending another signal to the investors to invest. As of now, investment is more practical than using it as a currency system!

Are you sure that crypto ban is a "Hoax"? I don't think so! Read the contents of the tweet,

https://twitter.com/cryptokanoon/status/1356599401507028992?s=19

Indian government is pretty much determined to ban cryptos from the economy of India. I doubt any politician will raise their coice against this bill because it is too complex for them to understand. So I presume that this bill will be passed in parliament without any opposition at all.

However, I think we will have an exit window to sell off our holdings. But who will buy if crypto holding is made criminalized!

Oh I loved it! Very simple explanation of a complex technology  the girl has done a great job in explaining in simple words! Much appreciated! I really feel like tagging our Supreme Leader to her video so that he can understand bitcoin in his cow-dung filled brain! It's definitely worth a retweet and appreciation! Also I appreciate her parents who are at least teaching their daughter about good things! It's true that the little girl doesn't have the brain to understand the bitcoin but at least she is familiar with the name. That alone means a lot for a little baby girl of her age!

No! What he means is 1 satoshi is 1 satoshi and that makes sense! Because till date we compare bitcoin in fiat values as per our local currency. And for general understanding, we use USD value of bitcoin. That will not be needed in future if cryptocurrency becomes mainstream. Fiat currencies are inflated  due to various reasons and cryptocurrency is somewhat not prone to such devaluation risk.

Probably 10 years down the line, we will see such things happening where we will consider bitcoin value of the products once it becomes widespread. But for now, it's wise to consider fiat equivalent for calculation.

There are two main reasons behind it! Let me explain below,

1. Technical understanding - Not all people are technically sound, especially the older generation. If we want to use bitcoin, it needs a certain amount of technical knowledge. People can obviously use simplified online wallets but again, it needs understanding of fees, address generation etc. So those who are not tech savy, are afraid to use bitcoin!

2. Banking propaganda - I am not sure if it's happening all over the world. But in many countries, banks have started using their money and power to run propaganda against bitcoin. I personally receive many emails from my bank which talks about the risk of bitcoin and issue official advisory not to use it. The impact of banking system is immense on the society. So those who have not entered into bitcoin market, they prefer to stay away!

Also proper awareness about cryptocurrency is missing! We obviously have many online tutorials available to understand bitcoin and its ecosystem, but that is not enough to make someone intrigued about bitcoin. We need local and micro influencers to promote bitcoin among the mass. But due to banking propaganda, it is not being fruitful.

Domain registered on 9 Feb 2021 and for only one year! The contract address holds only 0.183 ETH. Players need to choose a number between 0 - 99 so the winning probability is very less for one player unless multiple bets are placed! The bet amount is also variable.

Please understand player's psychology. People play to win. When the probability is so low, I doubt anyone will be interested in testing their luck!

It's not a very valid discussion, I feel! If we don't consider the wealth unless it is converted to cash then majority of the billionaires would fall out of Forbes list. Because majority of them are considered rich because of their shareholding. Same goes here as well. If you are HODLing, then it's all fine to calculate that as your wealth and networth. So on papers, you have made money out of it because it increases your networth. It's as simple as that!

That was expected to happen since Nigeria has decided to ban bitcoin and other crypto related activities! So people will have their funds frozen, they will face legal actions and some of them will end up in jail! That's how a failed government would want to do while they can't create any new opportunities. India will soon see similar things happening as Indian government has also decided to impose a blanket ban on crypto related activities. This is the mentality of dictatorship around the world.

It's sad to see that governments consider bitcoin as a threat rather than an opportunity. That's the problem with politicians and policy makers because they are under huge pressure from the banking lobby. It makes no sense but still it is happening! Some more regressive countries will soon be added to this list in 2021.

Lol! I wonder how people can be so stupid! Even though I didn't see this spam in Twitter (even after being very active in bitcoin related tweets), but still I wonder how people are falling pray for such scams! 10.66 BTC is a huge amount. I can live the rest of my life with this amount of money. It's true that stupidity has no limit indeed.

With the billions of dollars worth institutional money flowing into bitcoin, I expect to see decrease in manipulation by whales! However, whales are whales for a reason. They will probably move to other less known liquid cryptocurrencies to continue with their manipulation game and will continue to earn money. In essence, the method will not change but just the field will be changed.

However, with institutional money, more and more bitcoins will be locked out and taken away from supply. Not sure what kind of issues it will bring in! But the control should not be passed to the corporates! That might create big issues for us!

If you remember the market crash back in 2018, then you will understand why Chase pull up such malpractices! It's great that law stood by the right side and didn't give up in front of the banking lobby! Jemie was super hostile about bitcoin back in 2017 and 2018 which probably have resulted such malpractices from Chase! Now they are learning their lessons and slowly started showing positivity towards it.

Congrats for the free money anyway!

Lol! Since when ETH transaction fees are fixed on a percentage? It entirely depends on the network. So there's no guarantee that everyone is paying same fees! You can indeed set a manual fee for your transaction. But if the fee is too low the transaction may not get confirmed.

Also it is not correct to compare a regulated stock market with a decentralized digital currency system. In stock market, brokers act as a middleman and they decide the fees dor each one of us! In ETH, no one other than the network controls the transactions and fees! The miners can't have manual preferences! These are the basics bro!

Can you please let us know the name of the specific casino? I mean ranting doesn't always help to identify the real issue! But it is best to talk about the specific issue that you have faced. It also helps to create awareness!

Which casino? How much you have lost? What is the response given by their support?

Let us know these to better identify the issue and possibly help to remediate.

There are two ways to look at this information. Let me explain!

First way:
OMG! it's a sheer wastage of electricity. People are burning electricity for a coin which doesn't physically. The environment is getting impacted so badly as well. I will raise my voice to stop bitcoin mining at once and create awareness against it!

Now the second  way:
It's great to see that bitcoin has gained this much popularity. It's great to see that it is helping people financially and paving a way towards surveillance free economy. I will create awareness about bitcoin so that the adoption grows!

Now you have to choose which side you want to be!

CBDCs will be nothing out of the box. If you are using plastic cards and online banking transactions today, your user experience will not change with CBDC. It will just be a digital representation of the same fiat currency. So if a $2 fiat bill can allow you to purchase a McDonald's burger, a digital $2 bill will allow you to do the same!

The entire system and supply will be controlled by the government so the chance of abuse is very less! Cash still has a certain degree of anonymity but with CBDC, your entire finance will be visible to the government. It is an ultimate surveillance toll governments around the world are planning to implement!

Well, it's a basic of any sports betting or even in any other events of your life as well! Assume you are a software engineer and you have been asked to handle the job of a police commissioner of the city! Your struggle will be endless! Same goes for sports betting as well!

Every gambler needs to understand the sports they are betting on. Otherwise, the end result will be disastrous! If you don't understand cricket, don't bet on it! As simple as that! Knoqing the sport well, definitely increases your chance of winning!

Lol! The tax authority in SA is known as SARS! That's funny!

However, from the article I just read, the regulations make sense! They are not considering cryptocurrencies as properties or currency. Rather they are considering it as an asset. However, the FIFO method is somewhat difficult from accounting perspective. But with proper justification in place, I hope the confusions will be cleared. Overall the structure looks good.

The best part is that SA is at least regulating the crypto market rather than a blanket ban! That's a positive!

Nothing goes! Everything will remain as it is! Just their purchasing power will go down due to inflation and devaluation.


Lol! It's a propaganda! During a financial crash, every fiat currency will be devalued so bitcoin will possibly go up!


Chill dude! The world is not going to end during a financial crash. No one knows anything. The fiat currency gets devalued over time. If you are able to buy a McDonald's burger at $2 today, after 5 years the same burger will probably cost you $5. That's inflation due to which the purchasing power of a currency goes down! Take a break and drink up!

This incident should act as an eye opener to all whoever holds their coins to online account providers like coinbase or freewallet etc. I see they have unlocked Elon's account just after a tweet but imagine if it was any XYZ person! Probably it would have taken him a lifetime to unlock the account.

Cryptocurrency was introduced to remove the middleman from any financial transaction. Online wallets are the middlemen here which must be removed at all costs! Not your keys, not your crypto!