Jack Ma's Alibaba group is indeed leading the race of patents. However, we need to be very very careful about this because every company in China is very well connected with the government and Alibaba is a China grown conglomerate. I see it as a reflection of their expansionist mentality. They very well understand the benefits of blockchain and gearing up for the future.

Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!

I somewhat agree to your points but not entirely. Freelancing websites are actually bringing more opportunities to the freelancers instead of killing it. What killing the market is high competition. If you look 10 years back, there was only a handful of freelancing websites with limited numbers of freelancers available. Nowadays, there are hundreds of them available at any point of time.

As per the rule of economy, the price always starts dropping whenever there is competition. That's exactly what is happening with freelancing economy as well. It worsened when Chinese and Indian people started entering this market, it dropped the price ever further because their cost of living is much cheaper than any western country.

It's all about competition nowadays which is killing the price. Websites are rather helping to bring more jobs to the freelancers. That's from my personal experience but you may have a different experience altogether.

Yes, I just read it today morning! This Fincen drama is going to create a lot of issues in coming days and weeks for some of the biggies of world politics. But anyway, that's not the main focus of the thread.

Here you are essentially comparing a thousand years old system with an 11 years old system. So the comparion doesn't make much sense! The main currency system in the world is completely fiat based so it's no wonder that fiat will be used for all major money laundering cases. If you compare between the volume of fraud happening with crypto against fiat related frauds, obviously the crypto numbers will be minuscule. But that doesn't provide a clean-chit to cryptos or the license to commit fraud!

I don't know what makes you disappointed about this news, but possibly that's the future. As a crypto fan, if you want to see adoption among the masses, this is the way forward! I think you should be cheering about this news because a crypto exchange is now named as a special purpose bank instead of seeing a mainstream bank named as a crypto company! I am sure we will be seeing more and more such news from around the world because Banks will have to with evolve or they will loose the battle of business in the future world.

I find such kind of news amazing because it excites me about the inclusion possibility that cryptocurrencies will be enjoying. Think about the credibility factors as well. Cryptos are lacking that part big time. Such kind of news will level the playing field for cryptos in the world of economy!

Probably yes! But since there is no way to know whether a trader is linked with such illegal activities, we are taking a huge risk! I think if a company start issuing a debit card in India, that will be a big plus as well as safe. At least we won't risk loosing out bank account and associated regulatory hustles that comes afterwards. Indian legal system is very weak and common people often don't get justice from the system.

Do anyone of you know any company that issues crypto debit cards to the Indians?

USA is not world! So even if the restrictions are eased in US, there may not be any impact on the world economy.

We all know that economy will come back to its track sooner or later, but that won't happen just because of restriction easing. Governments around the world will have to create job opportunities so that the commoners have money to spend. Only then we will see a positive cascading effect on the economy.

USA is likely to make out big because of the trade war with China. Because China has very low credibility around the world, US may win new businesses and opportunities. other countries like India or Philippines are also likely to be benefitted from this trade war. But it will take a good long time for the world economy to back on track!

I wouldn't say Sports betting is a skill based game though. It definitely needs knowledge about the game but at the end of the day, it's all about luck unless that game is jacked by some bookie. Pure skill based games are very different. What sportsbet is claiming to be a skill based game, is a pure eyewash! It doesn't have any relationship with skills!

Ripple has a very prominent chance of becoming the future of the digital payment system. If you go to Ripple's website and look at their customers section, you will be surprised to see the number of banks they are partnered with.

They have a brighter chance among the peers. But Ripple is not entirely a cryptocurrency by nature. They are more like a centralized company which issues their own money. Can't really comparable with true cryptocurrencies!

No Impact will be seen on cryptocurrencies due to the worldwide release for various CBDCs!

CBDCs are as good (or bad) as fiat currency, now with more transparency to the government. So now with CBDC, government will have a bird's eye view on your personal finances. They will know how much you earn and spend with just a click on their computer. How on earth it will impact cryptos? I don't see a justified reason for CBDCs to impact cryptos in any way!

We are anyways using our mobile wallets to pay for everything now. During the lockdown period in our country, I personally have not used cash. I even paid the salaries of my maid and my car wash person using my mobile wallet. CBDCs will be very similar to this system. Cryptos belong to a very different world altogether.

True! No one would continue trading on a troubled platform knowing that enforcement agencies are behind it! Even though their international entity is not touched by the agencies but still the credibility factor may force the active users to leave.

I believe when the owners can't keep things clean and transparent, it's better they close down their operations.

How? Would you mind explaining?

The more and more people adopts bitcoin and starts using it for whatever reasons, the fee will only go up. Whenever we see a lot of transactions passing through the network we have seen a trend of increasing fees. It usually happens during a sharp rise or fall of bitcoin price. Lot of charts are available in the internet so go ahead and check a few of them.

If we don't move to LN, bitcoin fees will only go up with more adoption.

Lol! From where did you get that information?

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But yes, it will not be anything drastically different than the current fiat system. Just CBDCs will be more trackable by the government!

I am not sure how are you calling these as skill based games! I have just tried these games under fun mode and it looks and works like a traditional slot games! I have already given some example for skill based games like - 8 ball pool, Carrom, Clash Royale or PUBG!

These are true skill based games even if we are playing against the computer or bot. Is there any possibility for your company to bring such games in future?

Lol! What made you think that making bitcoin is easy? Have you ever tried? It's as difficult as fiat money. Bitcoin is not something you can earn from your laptop anymore!


Are you sure that bitcoin started with just one man? I truly believe the Satoshi Nakamoto is a name of a group of people rather than just one man. But since the identity of Satoshi is not known to anyone, we are free to imagine whatever we want. It has indeed grown into a big global community in just 11 years but I feel we have a long way to go! Welcome to Bitcointalk and I wish you all the best!

I partially agree to this statement. In any way it's a speculation we all are doing here. My speculation says, if an effective COVID Vaccine is found then we will definitely see bitcoin's price going down. It will happen because a lot of people will start squaring off their position in bitcoin and probably will go back to the traditional market. because there is a huge chance that the economy will start recovering once a vaccine is found. Businesses will start gaining confidence that the buying habit of the mass will be slowly back to track and hence they will try to increase the production which will result more job and more money in-flowing into the economy. So the focus will temporary shift towards the mainstream economy.

But this will be temporary in nature. Because now institutional investors are showing big confidence in bitcoin so the market liquidity will remain high. I don't foresee any big trouble in crypto market even if a vaccine is found.

I don't believe a cryptocurrency like bitcoin can solve the economic crisis the world is facing nowadays. The problem is much much bigger for a cryptocurrency to solve. Bitcoin is just a "store of value" (at least to me) and nothing else. So it is outside the scope and utility of bitcoin.

The entire market is suffering from decrease in buyer's confidence. People are not buying or buying less so factories are producing less and since factories are producing less, they are firing people to streamline their expenses with the demand.

Bitcoin doesn't fit here to become a problem solver.

Increase in volume under Bakkt platform is good for the market in terms of liquidity. However, is there any way to know where people are betting the most? I mean what is the ratio between call and put volume? Is there any way to know?

If the above information can be deciphered, it would give traders an edge over their upcoming trading decision because they will know the general mass sentiment around bitcoin's price movement for the future. Not necessarily it will be true everytime, but will definitely give a good overview on the market sentiment.

True! India is going back in time under the current regressive government. They are building temples and monuments instead of factories. They are charging people with anti-nationalist charges for criticizing government. India is slowly becoming North Korea under Modi government.

The problem is with the education of the politicians. Majority of the politicians of India are uneducated and corrupted to the core. They only know how to make millions of dirty money through their corruption. Banking lobby is also playing in background and bribing the government officials to push such negative legislation against crypto.

God save the country!

In a similar way, I don't understand how to play poker. People have individual choices and preferences. I usually don't like to bet on my luck but if it comes to my own ability, I wouldn't mind betting on that! And 8-ball pool is an excellent game for such skill based betting, even Carrom is another great game for the same reason. But yes, PUBG is a little more complex from betting perspective!