Bitcoin is a currency.
Any currency can be used for evil means.
Dont terrorists and drug dealers use USD as well?
Bitcoin is just a currency.
True! But bitcoin is little extra special than any central bank issued currencies - even you know that fact! So there is no denying of the fact that bitcoin has given extra power to these terrorist outfits or drug dealers to continue their shady deals with extra ease because bitcoin is pseudo-anonymous in nature! Silkroute was one of its biggest beneficiaries! While it's a fact that bitcoin is just a currency, it is also a fact that bitcoin makes the financial transactions easier for such miscreants. Banking channel is highly monitored around the world so crypto has now become their ideal choice as majority of the illegal incidents that we see around the world, has some association with bitcoin. Also it is a fact that bitcoin has nothing to with it because people can use bitcoin as per their own will. But such kind of associations definitely takes a dig at its reputation. Sad but true! |
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I have read a lot of theories about NBA being rigged and a little portion of me were convince, so I would like to ask you.
If you believe it's rigged, is it a disadvantage or advantage to us bettors?
Share your opinion and if you have some proof, kindly post.
Any game in the world can be rigged and NBA is no exception. So it can very well be rigged but no one certainly has a documented proof of it. You canbtry searching Google but whatever information you will get there are conspiracy theories with little facts. In general, there is no advantages or disadvantages for the gamblers if a game is rigged. But if you are privy to such internal information, that's only advantage for you! |
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If this is any indication of where the winds are blowing, it seems that the government doesn't aim to outright ban cryptocurrencies. Garg's views of crypotcurrency were almost childish with the typical refrain of "These codes have no value but they have certainly made billionaires at the cost of those who bought them". He was talking about the fall of private crypto-currencies. Contrary to his approach, the Supreme Court judge had treated "Bitcoin" separately and quite intelligently called it the "Adam of cryptocurrencies". Quite clearly, His higness gets it..  They should set up a study if Bitcoin and Cryptocurrency has a real use case, and not rely on the word of one who are so ignorant on how Cryptocurrency works, they should take the lead of other countries who legalize Cryptocurrency, and these countries are developed countries and it's people are intelligent and technology driven. A study!! Lol! The government offices in India are headed by One-exam-wonder beaurocrats who are more willing to suck the dick of political leaders than to conduct a study. I have worked with few of them for 3 years and I know how the system works. India's priority is to build temples instead of factories. Cryptocurrency is not even a matter of discussion to them! |
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Well narrative means a story and a story doesn't have to be true always! We are hearing about this digital gold narrative since a long time now and it doesn't make much sense. You don't need to dig a lot deeper but if you just look at the price patterns of both these assets, you will understand! Gold has been used for capital protection since ages but if you look at the price fluctuation of bitcoin, you will understand that bitcoin can't provide you with capital protection. It will either give you extreme profit or extreme loss under any circumstances, but definitely not capital protection! So I sincerely believe the "Bitcoin - A digital Gold" narrative is definitely misleading or half-true! |
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The lockdown has helped with the growth of cryptomarket in large scale. This too is experienced in my home state capital. Compared to the past the lockdown months have got a massive increase in the usage of cryptocurrencies on trading. It is true to see most of the tech people around the age of 25 getting into cryptocurrency usage. Particularly most are into trading to make some passive earning as tech giants have come up with big pay cut. Another important reason for the same is the stocks which weren't that supportive to make some passive income. During the lockdown even the stocks crashed, only the cryptocurrency market stood strong. With the lockdown the city has topped third position in terms of cryptocurrency users and trading volume. Probably this widespread could've happened in the global market too. Source : timesofindiaI am not sure what you are trying to prove but here's my take on it! Cryptocurrency can't provide you with income unless your are staking coins or actively trading it. Now when you are trading it, then you can't call it passive income however, it can be called passive income only if you are staking it. Yes, people are making big bucks from cryptocurrency trading obviously but that doesn't put the traditional stock market out of perspective. Instead, when the stock market crashed, it has given an immense opportunity to enter the market. I personally have purchased a lot of shares of some FMCG companies which has shown strong future potential along with Yes Bank. I entered into Yes Bank at 8 during its bad times and now I am making around 100% profit. Cryptocurrency is definitely providing good opportunities to the people associated with it, but if you turn a blind eye from traditional markets, you are only loosing opportunities! |
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It's no wonder that UNISWAP has attracted a lot of eyeballs since it's launched but there's no guarantee that it will continue to hold its top position. It has indeed gathered liquidity worth more than 2 billion USD but everything is so liquid in nature, you can't bet on anything. The entire Defi market is full with scammers right at the moment and we have already seen a lot of exit scams happening here. But it looks good so far and even I have got my hands dirty with Uniswap. We can just hope for the best! |
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New Zealand’s tax agency has requested that crypto firms in the country share their customers’ personal details and cryptocurrency asset values. According to a statement from the Inland Revenue Department (IRD) issued to Radio New Zealand, the agency has requested this information in order to enhance its understanding of the crypto-asset environment in the country, so that it can know how best to help taxpayers meet income tax obligations. The move comes at a time when tax regulators around the world are tightening their grip on the cryptocurrency market. Janine Grainger, chief executive of New-Zealand-based Easy Crypto, told Radio New Zealand that the IRD must be widening its net of the tax base because crypto-asset ownership is growing in New Zealand. Grainger called the move a “heartbreaking” breach of privacy and autonomy. https://www.theblockcrypto.com/linked/79008/new-zealands-tax-authority-asks-crypto-firms-to-turn-over-customer-infoIt will eventually become a norm around the globe in next few years. It is a part of the mass adoption that we all are hoping for and the mass adoption will not happen without sharing the data with tax authorities. If we want to see organic growth of crypto, then tax authority will surely ask for the customers' data from the crypto companies. People who call it heartbreaking may have some hidden agenda behind their cryptos but for people who are using cryptos in a legal way, they wouldn't find it problematic at all. Don't forget that New Zealand has seen a very serious terrorist attack in 2019 where the terrorist Brenton Tarrant reportedly had used cryptocurrency to buy guns for the attack. So it's no wonder that New Zealand tax authorities are taking the matter seriously! |
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While we all understand the benefits of cryptocurrency I am sure our uneducated politicians don't! When the priority of a government shifts to build a temple instead of factories- we can very well assume that we are going back in time! India is ruled under a regressive government! I am not sorry to say this because its a truth!
I am almost certain that the beaurocrats won't seek public or even expert opinion before drafting a law to ban cryptos in India!
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I seem to have found a forecast which is entirely different than OP. Even though a sample size is not given but it seems pretty interesting to me, https://projects.economist.com/us-2020-forecast/presidentAccording to this report, Biden will outnumber Trump in upcoming presidential election. Their model predicts the Biden has 85% chance of winning the election! |
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Has anyone tried IPPB, that is Indian Post Payment Bank.
My grandpa uses it, it is less of a hassle and very informal kinda setup, easy to open an account with just an Aadhar card or so.
Try it, although I won't recommend it for day to day transaction for it has multiple limitations.
I don't think it is a wise choice! Even though they have a very informal kind of set up, they are very well connected with the government. I mean we are not sure how information flow happens between the banks and the enforcement agencies. My Dad used to have an account with Indian Post Office so I know the kind of pain you will have to go through if there's any issues you have with your account. Everything is still manual and not at all user friendly! I wouldn't recommend Indian Post Office Bank under any circumstances. |
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Excellent! This is what I was looking for. I had actually provided liquidity to one of the pools but never deposited that so I wasn't able to see the UNI tokens. Now it's all fine and I can see the ball rolling perfectly. Just one more question I have, I can't see the amount in ETH/dollar value that I can deposited to the pools now. What I see is below,  Now If I click on "Withdraw" can I see my deposited ETH and USDT liquidity coming back to my wallet? |
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Hi fellow members,
I need a little help from you regarding Uniswap as I am very new to Defi field. So few days back, I have started liquidity mining with Uniswap. I have invested couple of hundred dollars in USDT/ETH pool and in 3 days, I can see my fees earned balance is little more than a dollar.
However, whenever I am trying to claim UNI token against that, it is showing there is no claimable UNI in my account. I want to know how can I claim UNI correctly and what should I do to see the UNI tokens available in my account.
Any help will be appreciated!
Regards,
Avikz
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Russia was never favorable towards cryptocurrencies. A lot of discussions ongoing at upper house og government to ban cryptocurrencies completely from 2021. So this matter is not something that is out of the blue entirely. However, the problem with Communist countries is that, you can never receive correct information out of them. What they say in public is often a white lie. So we will never come to know the truth until someone knowledgeable talks about it in open.
I am sure the Russian government has a different motive behind this. Otherwise it is easier for them to just make Binance inaccessible for the mass!
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You can refer here for more information: www dot BitcoinTrust dot biz. Leave comments down below if you have any questions!
6%~18% Monthly Profit
0.2%~0.6% Daily Profit
So these kinds of programs still exist but even how high is the monthly profit i will not join into it, and also i dont like the the dot biz domain. The hyip market seems like Phoenix which Rises from the Ashes every now and then. I thought after the closure of TalkGold and MMG forum, these scammers have gone away and found some other professions. But it seems they are still trying to fool people with their unrealistic offerings. I am wondering why this thread is not yet in trash can! |
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25% tax in cryptocurrency is just too much even at initial assessment so they are probably thinking that profit in cryptocurrency is huge and the government took advantage of it. That's probably hindering the growth of the users there in Israeli. If by chance that they really lessen the tax burden, companies that deals with cryptocurrency might go there.
Please read the fine print here - 25% tax on gains! Yes it's heavy for sure but inline with the normal taxation rate of many countries. Japan actually started imposing a tax of 56% of cryptocurrency gains, which is abnormal! However, it's good that Israel is possibly taking steps to reduce that burden which may encourage a lot of people to enter into crypto. Let's hope for the best! |
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Mastercard holds not less than 80 patents of blockchain technology. While Alibaba group is leading the race, Mastercard is also not staying behind. They understand the business and whatever they are doing is for the future business opportunities. A lot of countries have either started researching about the CBDC and some countries like China has already started issuing CBDC for testing. So Mastercard very well understand the future prospect of such technology and trying to stay within the game.
By now, it has become pretty much evident that trustless & decentralized cryptocurrencies will never become the main or even reserve currency of any country. Rather CBDCs will rule the future financial landscape. So it's just a try for Mastercard to stay in the game!
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so who and when will solve that problem?
btc transaction fees are way too high!
btc transactions are way too slow!
as im the big fan of fiat money and banks and reason for that becouse i make my transaction with online bank much faster to same bank and with much less fees then i do it with cryptocurrency.
the cost of something what is so hovest should be cheap as possible is way too high and ethereum is expensive too but at least eth transactions are much more faster so you get what you pay for at least but bitcoin it need to improve much more
The issue is real so there's no denying! Bitcoin scaling is an issue in reality but there are certain measures in place like Segwit and another much impactful measure in on its way - Lightening Network! So what we all face today will be eliminated eventually. There are still bugs and vulnerabilities in LN but every new technology faces such issues. Once LN will be up in full scale and with all vulnerabilities solved, bitcoin will surely become the most preferred choice among the cryptocurrencies for transactions. Also don't compare fiat with bitcoin because an age old system can't be really compared to an 11 years old system. |
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European Commission officially proposes regulatory framework for crypto-assets and stablecoins The European Commission has today officially proposed a regulatory framework for crypto-assets and stablecoins after a leaked draft proposal went viral last week. The 168-page official draft proposal (provisional), published Thursday, highlights the need for a "sound" legal framework, clearly defining the regulatory treatment of all crypto-assets that are not covered by existing EU financial services legislation. Crypto assets, especially stablecoins, have the potential to become widely accepted, said the commission. Hence, they would be subject to "more stringent requirements" regarding capital, investor rights, and supervision. The proposal is in line with the leaked version from last week. The commission has today proposed a "bespoke" regime for crypto-assets and stablecoins. "The bespoke regime for crypto-assets will ensure a high level of consumer and investor protection and market integrity, by regulating the main activities related to crypto-assets," said the commission. The main activities include such as crypto exchange and wallet services. https://www.theblockcrypto.com/post/78713/european-commission-official-proposal-regulation-crypto-assets-stablecoinsThis is just a proposal I believe and not yet made to become a law. However, I believe a legal framework will definitely help in widespread adoption of cryptocurrencies in European region. Once the framework is passed as a law, it will encourage the big players in the market to accept cryptocurrencies as their payment method. Having no framework is as dangerous as having a ban because it only confuses the masses and the businesses. Hope something positive will come out from this proposal! |
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In a joint operation with different US agencies and other countries, FBI seized of of Weapons, Drugs and over $6.5 Million in cash and crypto. Coordinated effort to stop the trade of opium trafficking in the dark net. Resulting in an arrest of 170 criminals worldwide. That's great success by the enforcement agencies and congratulations on the arrest of hundreds of criminals. But it's unfortunate that cryptocurrencies are again involved in such big scale drug trafficking case. It seems whatever crime is happening around the world, is somehow getting linked to crypto no matter whether we like it or not! It's not really an ideal scenario when we are talking about organic growth of cryptocurrency into the mainstream economy! |
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Illegal casinos are available in almost every countries. In my country, gambling is legally banned. But the number of illegal casinos are in thousands. They are mostly open by invitation only and not for any common people. So it makes sense for such countries where gambling is banned.
But where gambling is legal and people have the option to play in legal casinos, it doesn't make sense to have illegal casinos where the machines can be rigged. Convenience can't be only thing that plays major role here. It's possible method used by commoners to funnel the dirty money to white money. Because in illegal casino, there will be no KYC requirement so essentially you wouldn't need to answer anyone on the funds you using on gambling. That's what happens to my country as well, mostly black money holders play in such illegal casinos!
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