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When Tim Draper says something, I respect it. The reason is that he predicted way back in 2014 that Bitcoin will cross $10,000 in 2017. He did that when the price was languishing in the low hundreds and nobody expected Bitcoin to bounce back. It wasn't empty talk, he put down money to back his views - he bought the Silk Road bitcoins as well.
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I don't think such campaigns really matter. The crypto community in India is really small - people may be aware of Bitcoin but are not bothered by the RBI's directive. The RBI and the government are in sync on action against Bitcoin. The Indian government has a focus on trying to root out black money - Bitcoin has a (unfair) reputation of aiding tax evaders.
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Tomorrow, the match would be between ROYAL CHALLENGERS BANGALORE and KINGS XI PUNJAB. Both have played one game so far and with this match, the points table would bring up the the total matches played to two by all the teams.
Mumbai Indians and Delhi Daredevils seem to be in worst situation right now, but oh well, this is still the beginning of the tournament, with a lot of matches left.
Chasing teams seem to have an edge in IPL 2018. Kings XI Punjab set RCB a target of 155 to overhaul. RCB seemed to be in some trouble after Kohli and McCullum lost their wickets. But the knocks of de Kock and de Villiers were sufficient to see RCB get home. |
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This is a bad idea and would be the start of a fractional reserve system in Bitcoin. Thankfully, small investors don't have access to this lending program. The lending is in blocks of 10 BTC, so only mid-sized players will be able to take part. The interest / rental fee of 5% p.a. is sufficient to tempt investors into considering this program.
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The 3% net commission does seem to be too high, but of course if you look at the 20% charge when buying from Indacoin directly, it is low. Restricting the reward per user to $100 is not bad, because nobody is going to buy thousands of dollars worth of Byteball using this method.
But I wonder how many new users this method would attract to Byteball? Not too many, if you are a jumio-attested user already.
look at how much changelly put on top of the price when it was available. sometimes it was double. this isn't too far off the norm. it's a great boon. very few projects have this availability, especially in wallet. Changelly was a rip-off, if you were planning to use fiat to buy cryptocurrencies. However, it was not bad for buying cryptocurrencies like Byteball using Bitcoin. They got you the best possible price and added a margin of 0.5%. This wasn't too bad in the larger scheme of things. |
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The debt bubble is a real worry. People might not be willing to support the enormous debts that their governments have raked up. But I am still not sure if Bitcoin will be the chief beneficiary of this fear. Bitcoin might be digital gold, but people still want to touch and feel their safe haven assets. Bitcoin could be the pin that pricks the bubble, but not the chief beneficiary of this burst. |
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ByteBall team is making very aggressive promoting campaign using Bitcointalk Signature campaign: they pay 30-160$ (depends on BTT rank) for every week, but requirements are too high: 25 posts per week.
The price is up almost 20% today, but that cannot only be due to the signature campaign. The signature campaign has been around for more than 3 weeks now, but the price has jumped up today. It really is tough to think about price drivers in the crypto world - the market just isn't rational. |
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The 3% net commission does seem to be too high, but of course if you look at the 20% charge when buying from Indacoin directly, it is low. Restricting the reward per user to $100 is not bad, because nobody is going to buy thousands of dollars worth of Byteball using this method. But I wonder how many new users this method would attract to Byteball? Not too many, if you are a jumio-attested user already. |
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A blockchain-based platform may not be the solution to everything. True, people are fed up about centralized organizations like Facebook and youtube censoring content. But there are certain no-go areas - for example hate speech, child porn, etc. It would be impossible to segregate and block such content.
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RR vs DD match is being delayed due to rain. till now RR have made 153/5 in 17.5 overs and awaiting the rain to stop so that match can resume back. It would be interesting to watch if match will be of shorter duration due to rain. Tripathi and Gautam are batting currently.
Look like now second inning is going to start as overs reduced lets see what target is going chase Delhi after rain its never been good for chasing hopefully second session of match could be interested for all Delhi had a truncated target of 71 runs in 6 overs. I think rain-shortened games in T20s are a bad idea, given that the game in its full form itself is quite short. Targets like these are lotteries - a few good shots and you can overhaul them. Unfortunately for Delhi, they could manage only 60 in their 10 overs and lost the match. |
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It doesn't matter whether Indians are more interested in Bitcoin or in Ethereum. What matters is how tolerant the government is towards either cryptocurrencies. The government seems to be determined to shut down exchanges where most people buy bitcoins.
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The news could be bad from a 'market sentiment' point of view, but does not really impact supply/demand. India was a very small market for cryptocurrencies and was an island, because foreigners couldn't really sell at Indian exchanges. So as such, even if Indian exchanges shut down, it should not have an impact on Bitcoin's global price.
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Sensational match between Chennai Super Kings and Mumbai Indians. Mumbai Indians had a slow start, recovered well and seem to have the match in the bag. With just 1 wicket to get and the required run rate creeping near 14, almost 50 runs to get, Mumbai Indians could be forgiven for thinking the match was truly in the bag. they didn't account for Bravo who creamed 7 sixers and got CSK home.  |
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Tim Draper Calls India’s Crypto Stance A “Huge Mistake,” Warns Of Potential Brain Drain Tech investor Tim Draper, whose recent re-entry to India’s market was prompted by Prime Minister Narendra Modi’s promise to crackdown on corruption, nevertheless criticized India’s negative stance on cryptocurrencies during an interview with The Economic Times published yesterday, April 6. Draper had returned to the Indian market in February 2017 - having exited it in 2016 due to a perceived lack of “rule of law” prompting Draper Fisher Jurvetson to sell their entire Indian portfolio - when the Mumbai-based startup backer Blume Ventures joined the Draper Venture Network. India’s central bank had announced on April 5 that they would no longer deal with crypto-related accounts - not the direct government ban on crypto which had been falsely rumoured in early February. India’s Ministry of Finance had also criticized cryptocurrency as a “Ponzi scheme” without “intrinsic value” at the beginning of January. https://cointelegraph.com/news/tim-draper-calls-indias-crypto-stance-a-huge-mistake-warns-of-potential-brain-drainINDIA SHOULD GET INTO CRYPTO. NEED DEVELOPEMENT. Whats your kind opinions? The stance of the Indian government might be a mistake, but it would hardly qualify as a reason for brain drain. There are multiple other reasons - lack of opportunities, bad infrastructure, corruption etc. The utmost that this stance would do is drive trading of Bitcoin to informal channels. I am not sure if the Indian government really wants that. |
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All we need are byte, ball, bet and bots. Thanks tonych for amazing ideas behind the Byteball project, which brings us several top-notch products and extremely good services for users globally, particularly in the blockchain-based technology and crypto-ecosystem. One of the most favourite characteristics of Byteball (in my point of view), is non-DAG algorithm, which help to contribute to sustainable developments of both crypto-ecosystem (including crypto-mining industry) and our environment in general (by reducing natural resources needed to produce electriticy for mining farms.) This could really act as a driver for increasing adoption of Byteball. Crypto related betting really took off because of the cumbersome regulations imposed by various governments against the betting industry. With no government id required and a bot operating inside your Byteball wallet, this is bound to be popular. The challenge is to get people to try it once. |
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The focus might have already shifted to the IPL, but the first ODI match between England and India (women) was an absolute thriller. England set India a modest target of 208. India were reduced to 190/9 and many would have predicted that England would win. But a last wicket unbeaten partnership of 19 runs took India home.
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After RBI's Announcement to Ban Cryptocurrencies Bitcoin Falls Down To $5400
After this news breaking out, Bitcoin and Ethereum dropped down significantly in Indian exchanges like Unocoin and Zebpay. Bitcoin quickly began trading at Rs. 3,56,000 ($5,400) and Ethereum began exchanging at Rs. 19,500 ($298).
If there is such a big difference, arbitrageurs are bound to move in. They will pick up these bitcoins at dirt cheap rates, send it to their friends abroad or even sell them directly at international exchanges. Very soon, this price differential will disappear. Exchanges are right now operating as usual, as banks have been given 3 months time to exit relationships. |
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Can I do a crypto transfer into a Canadian bank account and then from the Canadian Bank account can I do an international wire transfer of that amount
What do you mean when you say a crypto transfer into a Canadian bank account? Do you mean selling bitcoins and receiving the funds in a Canadian bank account? If you do that and then do an international wire transfer, it is no different from directly doing an international wire transfer. In any case, businesses have to show why they need a particular bank account. A company in China cannot easily set up a Canadian bank account... |
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The mount gox millions may not be his to keep, even if he wanted to. While the liabilities for the liquidator might be fixed in JPY, what happens to the left over pie is still subject to debate. If the liquidator decided to hand it over to Mark, Mount Gox creditors could still decide to sue for damages.
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I think one point which might be missed is that you could have maturity in the Bitcoin market, without necessarily having maturity in the larger cryptocurrency market. When Bitcoin’s market capitalisation increases substantially, liquidity improves and the influence of whales wanes, then you can say that the bitcoin market has matured.
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