The question is very simple! On 1st Feb, we had our Union Budget 2020 presented by our finance minister Nirmala Sitharaman. Apart from the other budgetary allocations, I want to emphasize on personal income tax matter. We have a new tax slabs introduced with reduced number of exemptions and we also have an option to remain in the old tax rate with all the benefits. Below is the new tax slab.  Are you really happy with it? I personally feel it is an eyewash as it brings no relief to the higher income group people. voice your opinions! |
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I doubt the correctness of this news. Because the website is showing "500 server error". I don't know is it only me or everyone else is getting the same error! Zebpay was the pioneer crypto exchange in India so if they are planning to come back, that's a great news! Because, another Indian crypto exchange Unocoin is now struggling to survive and they had to fire majority of the employees last year. At this gloomy situation, I don't really know how Zebpay is planning to resume their operations for Indian clients. Let's hope for the best! |
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I did some analysis and have come to understand that majority of us are afraid to tell people about bitcoin because people see it as a scam and maybe, it could implicate us. But then, I think I know a good way you can convince them that bitcoin isn't scam. Majority of the common people don't see bitcoin as a scam. I am saying this from my personal experience because I have spoken to a number of people regarding bitcoin. Definitely the outlook varies from places to places, but I have seen people consider it as illegal in my country, rather than a scam. This situation is very difficult to change because of its legal status in many countries! In majority of the countries, bitcoin doesn't have a legal status! It is either banned from government or banned from banking channel. Which certainly creates a misconception about bitcoin in the minds of the people. We all need to fight against that misconception firstly to make people understand about bitcoin. |
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Do you have a list of details which we must know about our providers before conducting any business? If not, let me give you one,
1. Legal name
2. Tax ID/SSN/PAN
3. Registered address
4. Details of grievance redressal officer and escalation matrix
Can you think of aything else? Now lets assume the company sells off your data to a third party. What extra will you do apart from going to the consumer protection bureau? Let's be practical!
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2020 will be the year when more governments are going to be including blockchain in their systems to become more transparent and more reliable in order to offer a better service to their citizens.
Also, BTC will be more popular this year because since 2018 was mentioned a lot if the media, even when they talk in bad way about it, Bitcoin keeps growing, even negative news is good for the network of networks!
So many people are still just knowing bitcoin but can't understand the concept of decentralization yet! they just don't get it! because they have been indoctrinated for decades, and know it is more difficult for them to understand one important word: decentralization!
What's the bottomline? Blockchain being accepted by governments certainly don't mean that bitcoin will have the same status! Even a lot of countries including China will start their own digital currencies using blockchain. But does that mean, bitcoin will have an impact? |
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Noble thought! UOS Network is building a blockchain protocol to create a reputation framework based social actions. Absolutely a great thing and may be usefull in future.
But can you tell me, what is the correlation of this framework with cryptocurrency? Why do we need another token here?
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Indian Central Bank has become confusing like the leaders of the country. While Modi is saying thay they haven't discussed anything about NRC, Shah is saying that NRC will be implemented in the whole country. Similarly, RBI is syaing banks not to let people use banking channel for crypto settlement and given free hand to banks to freeze suspected accounts, on the other hand saying it hasn't banned cryptos. If the traders can't use banking channel to receive cash against cryptos, how they are expected to earn an income!! Things are not moving to positive direction as of now! |
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I do not have any answer to this question. May be forum members have some predictions ?  For sure, not USA, China or Russia as first ones. Plus this can cost some money to do this in whole country ( BTC ATM and so on ). I believe Japan has already implemented the same. Is there anyone whi can provide the current status? China and Russia should not be in the list. Because none of these countries have any such planning to make bitcoin or cryptos an official currency. They are indeed planning to make their own digital currency instead of using a decentralized one! But I surely think USA can become a frontrunner in this case. But again a lot depends on IRS and SEC, and they don't seem to like this idea! |
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The war of consensus algorithms is still raging on. While some believe that only Proof-of-Work can underpin a real cryptocurrency, others think that its time passed long ago, and now it’s time for other algorithms like Proof-of-Stake. Whichever side you are on, it would seem obvious that no consensus algorithm is perfect in its own right. Any of them has its shortcomings that its competitors lack. To better understand PoW and criticism directed at it, we’ve had a short conversation with Roman Oleynikov, Doctor of Engineering Sciences and research fellow at Input Output HK. Below is the transcript of what Dr. Oleynikov said. https://forklog.media/opinion-pow-will-always-be-criticized-for-inefficiency/Nothing is perfect in a near perfect world! So we will always have to look for options which has a better balance between good and bad. That's how everything functions! But in a decentralized monetary system, PoS is always better than PoW. Bitcoin mining has reached to a stage long ago where small miners are not profitable at all. Only people with huge cash investment, can set up a mining operation that is profitable! So such kind of mining algorithm isn't really helping the common people like you and me! If we really want to empower the common people, PoS algorithm is the best bet. It will actually give a chance to the common people to mine through staking and have a fair chance among other miners of the network. This way, PoS is always preferred! |
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Over the last decade, Bitcoin has gone through a lot of changes. Bitcoin first came on the scene in 2008, when Satoshi Nakamoto released the Bitcoin whitepaper, outlining the features of the digital asset. Since then, Bitcoin has launched an entire industry - the digital asset industry - which has an overall market cap of $190,109,228,120 at the time of writing. The biggest surprise of the last ten years isn’t Uber or Airbnb - it’s the OG cryptoasset. So, here’s how Bitcoin became the decade’s biggest unicorn. The practical use of unicorn in a sentence menas - "desirable but difficult to achieve". So when you are saying that bitcoin has helped to launch an industry worth 190 billion USD, how it can be termed as unicorn? The correct phase would be - Bitcoin becomes this decade's epitome of success. That's more appropriate! |
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Well, if I am using an wallet where I own the private key associated to it, how on earth Ukrainian government is planning to obtain it? Unless and until they start a full scale investigation and cease your laptops/data storage devices, it won't be possible! That means, a random commoner would not be affected by this step of the government. Only serious financial frauds will be investigated that way! I certainly condemn the attemp of using cryptos in illegal ways. So it is a good step towards better governance!
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I don't think any real estate company in the world accepts bitcoin, apart from Japan! Because Japan is the first country where bitcoin were announced as a legal tender. But I don't think that is the case for the rest of the world. However, I found few websites where similar offers are being advertised. But I am not sure how legitimate they are. You can check the below links, https://bithome.ch/http://bitcoin-realestate.com/But be very very cautious before connecting with them because their offers seems too good to be true! It may be a fraud as well! I really don't know about any trusted dealer where you can use your bitcoin to buy real estate! |
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#Great Security Indeed! Until quantum computer becomes a reality! #High risk=high benefits Not always! Ask those who had invested in bitcoin back in 2017. #future primary money or alternative?
#One world currency
#It will be legitimate tool to whole world Bitcoin is not capable enough to become a primary money. Bitcoin network simply can't handle the worldwide transaction volume. So it will be better if we don't look at it as a world currency or primary money. Because countries will never approve a currency system with no owner to take over their economy. So that's not going to happen! It's good to be optimistic, but over-optimism often lead to disappointment. It will remain as a parallel currency system just the way it is today. #affect to democratic country’s economy? That's only going to happen if a democratic country decides to scrap their own currency and adopt bitcoin as their national currency. In future, you may see some small countries like Marshal Islands or Tuvalu to take such step but the chance is really grim. |
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Whenever the term "safe heaven for money" is used, it means a safe area for keeping your money to hide income and reduce tax burden. I don't know what OP meant here! But bitcoin can indeed be used for this reason. There are group of people who have used bitcoin to hide money trail, launder or illegally purchase items. So as per my understanding, the answer is yes!
But if you are just talking about capital protection, I am sure we have better options in hand and it is Gold. I personally prefer to use Gold for capital protection instead of bitcoin. Because the value of bitcoin keeps on fluctuating, which makes it a bad choice for capital protection. On the other hand, Gold is supremely liquid in nature and the price of Gold is not volatile like bitcoin or any other crypto assets. So for me, bitcoin isn't a safe heaven for money!
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What kind of torch is it?
For you, https://www.coindesk.com/bitcoins-lightning-torch-has-blazed-through-37-countries-so-farIt's not a physical torch. It's just a payment passing game using lightening network. The article says, By way of the social media platform Twitter, people pass the “torch payment” from one person to another, adding 10,000 satoshis (worth about $0.34 at press time) to the payment before sending it further along. Imagine a kind of lightning network-style snowball effect and you get the basic gist of what’s happening around the world. Hope this helps! |
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binary option trading is a type of gambling, very different from trading,
if gambling is included, of course they get money from losing broker users, maybe part of it is also from trading or withdrawing fees,
It may sound like gambling but it is not. Because Binary option trading is considered gambling, then we will have to consider the entire forex market as gambling. So it is not gambing and I am sure about it. I was just wondering how they make money since they are not taking any trading fees. @Joniboini, thanks for the resources. I will go through them to get more insights! |
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If you know 'John McAfee' you probably know that he is a big liar! Once again, he proves it and proves it big time!
He said time and time again in different interviews that, if BTC price doesn't get $1M by end of 2020, he will eat his D|ck live on tv. He explained time and time again as to why BTC will go to $1M.
But as expected from a liar, he is now backing down from his claim. His tweet:
"Eat my dick in 12 months?
A ruse to onboard new users. It worked.
Bitcoin was first. It's an ancient technology. All know it.
Newer blockchains have privacy, smart contracts, distributed apps and more.
Bitcoin is our future?
Was the Model T the future of the automobile?"
Did you really expect him to eat his dick?? I mean seriously?? John Mcafee may be a mad man. He is also one of the most notable supporters of cryptocurrency. While the corporates are trying to demoralize crypto users big time, we need supporter like him around us! One thing I disliked about him is his attempt to promote ICOs without knowing the legitimacy of it. But for bitcoin, he is a rock-solid support. His approach is probably very different than a normal human being, but he is no normal human being! |
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Having a LinkedIn profile certainly doesn't mean that you're legit. People who think that way, are more prone to getting scammed! If you look back at 2017 when the ICO market was booming, the ICO companies used to create LinkedIn profiles of their team members and used to promote their ICOs through those legitimate-looking profiles. As a result, they had managed to scam millions.
So I don't really know if having a LinkedIn profile has a mind-changing effect. But those who believes in it, are just fools!
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Well, you have asked a lot of questions within a small scope of this thread. But let me try to answer.
Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Indeed it is a life changing concept! However, it depends on how you look at it. Majorly, bitcoin is used as an investment contrary to its initial idea. But we have loads of examples where people were able to achieve succes through crypto trading or just by investing in it. We have negative examples as well but these people tried to become rich overnight. So it's a mix of good and bad experiences like most other things of the world. Bitcoin is not being used actively in many countries. But here the issue lies with the legal framework of that country, not with bitcoin. It is fully capable to be used actively but due to unfavorable legislation, people are not able to! Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
It's both! The anonymity is one of the major factors behind the popularity of bitcoin today. So first came the technology which caught people's attention and then comes the popularity. This popularity is what driving bitcoin today! Makes sense? |
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While it's probably not impossible, but why do we need to run a bitcoin node on a moving car? I mean, I am trying to understand the requirement of it. It's not always good to do things which are not required. I mean, I can slap a random stranger on street, but why would I do that? What's the justification of it? Even if it is not impossible, it's not practical! We have easier options available and I see hatshepsut93 has given the most practical solution if you need full visibility of your bitcoin node while driving. Use raspberry pi to set up a bitcoin node at home and monitor through your smartphone. That makes sense and probably the cheapest option. |
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