that's my interpretation too. people are trying to say that the government being anti-cash means they are pro digital payments = pro bitcoin. i don't buy that for a second. they are penalizing merchants who don't accept debit/credit card payments. i don't see them doing that with bitcoin.  Exactly, it's funny to see how wild people's interpretation could be and even talking about something that's not happening. Italy forcing people to use digital payment which i'm sure it's credit card issued by bank or some kind so that they could easily have a control over it and crypto is definitely not the thing they want. |
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I read a report from a market research firm, saying that at least 18% of Turks own crypto asset investment, which is a very high level compared to the world. The Turkish Lira has also dropped uncontrollably. This could be the reason for the Turkish government to issue its own cryptocurrency.
Totally understandable considering their currency Lira is kinda unstable and really prone to inflation. it's like whether you are choosing to stay with currency that's unstable and don't give you anything but instead losing your wealth or bitcoin with relatively the same volatility but have the chance of increasing your wealth. |
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I have been asking myself this same question too. or may be p2pB2B accept any kind of projects without much conditions attached.
That's exactly the answer, it seems that they are just taking whatever project demanding them to accept their IEO to the exchange, what they care is money after all and maybe that's the reason for their existence aswell. Just a little common sense and people could know that they are so fishy it's becoming too obvious. This will also further destroy IEO reputation if left untouched just like how ICO crumbles in the past. |
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Its really part of the business to earn from charge fees. Of course there are operating expenses to attend to. But of course fees should be standardize so not to abuse the users. The more competitions arising and many exchanging sites to choose from. I guess these exchanges also had their own strategies to attract customers to use there platform. And most likely customers look on the lowest charge fees.
unfortunately even if there's a competiton people will still choose a more reliable and popular exchange over the one with cheaper fee anytime. majority of people that didn't do daily trading and cashing out fewer than once a week don't even care about the existence of these fees. However, I'm in favor of reducing the fee aswell though I'm not really bothered with the current trading fees. |
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To an extent yes and this is purely because the market has been flooded with too many worthless tokens from projects that fail to deliver on their roadmaps or have become superseded by a newer product or solution so always DYOR to avoid making the mistake of investing in these lower cap higher risk options as they aren't always worth it
It's true that the market is saturated with all these worthlless tokens and usually stealing the spotlight because their price are manipulated but it's still not true that altcoins are getting boycotted even the daily trading volume is still huge and the lower cap altcoins still have their traders although I agree with you that these coin are risky. the reason for the decrease of altcoins dominance is because people know the real value of altcoins then they decide to sell them off and just turn the capital to bitcoin. |
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\\Of course, cryptocurrency can never replace the traditional national money of states. State governments will not allow this. And cryptocurrency by its nature is not capable of this. Stable coins can partially displace fiat, but state cash should remain. Even highly developed states with a high level of income of citizens who want to get rid of paper money will still use their non-cash money.
Stablecoin is owned by a private company and that's just really bad if it happen to replace cash. Imagine giving too much power to a company and decentralized cryptocurrency is more preferable if that's to happen. the problem about stablecoin is also how it's not as transparent as decentralized coin and the company that issued the stablecoin could just print their money even though there are reserved fund audit there's always a hole that can be taken advantage of because it's company owned by someone after all. |
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Just for the motives of gathering funds, not a new reason for a country to accept crypto other than adding revenue stream whether through taxation or to attract people into moving their money there. But, this one atleast better than nothing and to add up into the list of countries legalizing the use of cryptos. not that i'm skeptical but if this method suceed another neighbouring country will follow.
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Their fake trading volume is always discussed in this forum too, so there aren't many who are interested in trading there, maybe only their team is playing trading there with fools, I also saw them holding an event for bounty hunters by holding a signature bounty at this forum promotes their exchanges, but many people block their promotions because of their reputation, that's why reputation should be maintained not to be tarnished because of their own doing, just look at their withdrawal fees like robbery in my opinion is different from other exchanges
Atleast it's good if the entire community atleast conscious about this matter but exchange like P2PB2B put their reputation behind and reputation is not really their concern. You can see their business model is grabbing as much money as they can then run. They are doing these IEO for temporary and if the market is already falling I'm sure they'll be the first one to run. |
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Just people are being pessimistic to majority of the altcoins and seeing that most of them are underperforming it does make sense to see the increase of bitcoin dominance to 65% or above. Bitcoin is still the most valuable crypto as of now and a relatively safer than any altcoin ever existed in term of investment so I think it's just the market that decides these alts real value which is actually less than when it got hyped up too much.
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I truly believe in blockchain technology, for crypto to replace fiat it must go through some regulations and control. Many in the cryptocurrency community have spent years predicting that digital currencies will someday take the place of fiat currencies. But mainstream economists tend to view cryptocurrencies with more than a bit of disdain
That's due to the fluctuation that most of cryptocurrency have and could be considered as a disadvanage when it comes to a country economy because such fluctuation is simply a disaster for the economy stability. In my honest opinion though, government should just stick with their own currency and these crypocurrency should only become an alternative option that everyone has the right and access. By that we as a user could have various option that suits our need. |
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Even if it's for the dumping it will just affect tezos anyway and the daily volume trading for this coin is approximately 65mln from coinmarketcap there's really nothing to worry about. But, I'm not really sure if the sender moves his tezos to Binance just for staking because that just doesn't likely seem to be the case here.
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Usually providing a payment gateway for bitcoin that is simple and secure is the way to increase the adoption. I've seen the increase of adoption after big company like coinbase providing a payment gateway and many people are interested in implementing it to their services because they could reach a wider customers as well. What you did is right and I think if that could be effectively implemented to your local it could potentially attract people attention.
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If you've been listening or reading about crypto news you must have heard about this countless time about their head office, even fake news says police bust binance head office too but turn the table on yourself, if you are the owner will you tell stranger? Anyways, binance has its headquarters in Malta after shifting out of China and Japan subsequently. The company started in china but had to shift its servers and headquarters out of the country due to a government ban on cryptocurrency trading. I expect this should be enough for you
So a customer to them is a stranger? Lets talk about BANCOR. As per information given by their chat, its headquarters is in Switzerland and technical HQ is in Tel Aviv. So why BANCOR told me as i was also a stranger? Different company have different policies and Binance is known to be popular exchange and could potentially attract unwanted problems it's their right to not disclose their headquarter and if you are checking the term and agreement in their exchange as well as signing up yourself in their exchange service you are indirectly agree with their policies. Also I think that this kind of topic belong in the service discussion section. |
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Alibaba is a global brand and such a collaboration will help further the cause of the blockchain space; decentralization.
With them partering with Credits for logistics, definitely blockchain technology will be employed in data storage while providing real-time information on goods and their state as they are being transported.
What decentralization have something to do with a big company partnering with another big company it just doesn't make sense. Their blockchain is also centralized and probably not for creating crypto but instead to help their system work efficiently and have nothing to do with decentralization. |
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An unreliable exchange with really odd volume and how they could easily list an IEO to their website without undergo a complicated review which most of exchange website should do to every project that intent to start an IEO but some people are still putting money into it. Even the recent news about dash dev running away with money means you can't even trust people in internet and this. really make me confused.
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I take the example: almost every new exchange project has the same system foundation, some seem to work to bring up new options, but they forget to increase user comfort in increasing liquidity. Trying something new but letting go of many important things won't mean much. I think only large-scale funding can make projects ensure good progress.
Some just exist to offer gimmick by saying that theirs is an upgrade feature compared to the already existing one and saying that theirs are better in almost every aspect which only on the paper but for practical use it's still not determined. Most of the project that adds new features as you said usually lacking in certain aspect aswell and most of the time they are only focused on that new feature because it could boost their funding. |
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They are having total supply with equivalent of their reserved fund and when you are buying the USDC your money doesn't right away sent to the circle bank account but instead you're basically buying their money and when you are buying it the supply will not change. Although, I honestly doubtful about whether the amount of reserved fund match with the stablecoin total supply they printed but people still using it right?.
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do you see a lot of projects that have IEO there reaching hardcap or softcap, I think there is none or only a few, many say their site has a bad reputation from this forum, I try to find out and see their site deeper and I see a lot of each the exchange pairs there are full of bots that boost fake trading volume, I also see a large withdrawal fee, I am confused why many projects want to hold an IEO there, while their site is not feasible in my opinion to be a trusted third party to hold the IEO funds of each project
If there is no project reaching hardcap or even softcap I think that's logical. people are still sane with their money and not just throwing it to whatever have word "investment" in it and that's quite good news actually and they are really suspicious I must agree. people should always observe the exchange first before even making deposit there because fake trading volume is a big manipulation and could lure people into believing that the exchange have high volume which actually not true. |
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From my opinion, not worth it. When investing you're looking for liquidity with real demands and trading volume is not relevant if there's low or no liquidity at all because there are so many manipulated market as of now you can try to observe the trade orders. Why even bother to invest into these kind of coin if there are more legit option of investment anyway?. You shouldn't invest if you're doubtful about the coin or project.
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Although it sounds good but do you really think the government will give up every manner of control they have on fiat? I don't think so, which make me believe they might not want to allow cryptocurrencies to replace fiat. Even if they want to, then it would be a government backed crypto which will be centralized thus giving them the neccessary powers. To be realistic a coin like Bitcoin which is fully decentralized, which government will allow it replace its country's fiat.
Not necessarily replace but I suppose it might become an alternate just like how there are some companies that uses their own so called "website currency" and bitcoin to be honest could just act as that because bitcoin commonly used for online payment anyway. The fiat is still needed and tbh hardly replaced by any other currency that are independent from government because that's simply demanding economy disaster. |
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