In the next bull run, Do you also believe that XRP will reach this high or do you think that this is impossible? Are you one of those crypto investors that dislike XRP because it is centralized and most prefered to invest in other cryptos like bitcoin and ethereum? As the article said: "It is believed that crypto investors dislike XRP because it is arguably more centralized than Bitcoin or Ethereum." Source: XRP Price Could Reach $14 Breaking Out from Two-Year Bear MarketIt's very hard for XRP to even reach a dollar! Just on 1st Feb, they have released 500 million XRP from their escrow wallet and another 500 million is waiting to be released soon as per the initial plan of unlocking 1 billion coins to the market. If you are still betting on Ripple, may God help you! https://cointelegraph.com/news/ripple-unlocks-half-billion-tokens-from-escrow-as-xrp-price-up-26-ytd$14 is an astronomical number for Ripple to achieve. I will be happy if it happens in our lifetime! |
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Well, I recently get heard about the new concept IMO- Initial Model Offering to get funding from the market. There were already ICO, IEO, STO, ITO methods to get funding from the market from which ICO is 80% scam, same as ITO. STO is little bit secured as it includes a concept of regulation. IEO is quite good method to get funding if your project gets listed on Popular and trusted exchange.
What's your take on IMO? Is it really a good method that will work in 2020? Or it will also be like ICO scams. Please share your opinions.
IMO is nothing but an ICO but with a little tweak. They just have one additional benefit of withdrawing your investment if you are not happy with the progress or the outcome of the project. It's somewhat better in my opinion amidst the ongoing trust issue faced by the new coin offering companies. I am not sure how it works in real life as I haven't yet participated in any IMO yet, but the concept is somewhat better than the ongoing fund raising models. But this model requires an intermediary to handle the funds on behalf of the coin offering company which will monitor the progress of the project as well. Let's see how it helps to bring the credibility back in the market. |
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In my case, as a freelance graphic designer that accepts crypto. I do save the every 5% of my salary or every project in my bitcoin paper wallet. This is for my family and for my kid's educational fund in the next decade. I believe this is far better than investing in banks.
Definitely, bitcoin offers a much better return than a bank can offer. But the risk is also higher than any other conventional investment. So 5% is an wise choice! This way you can keep the risks below the belt and enjoy a good return at the same time. But bitcoin is not alone in this league. I want to share a famous story of Royal Enfield motorcycle company which is now become a part of MBA lectures. read the below link, https://www.zeebiz.com/personal-finance/news-how-to-become-a-crorepati-bought-royal-enfield-bullet-price-in-2001-you-missed-chance-to-mint-rs-55-crore-111642It shows how wrong decisions can affect your money supply and how right decision can take you to the moon! |
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Do you have a credible link to prove that China is printing money? because I am sure they are not doing any such misconducts. If they print money according to their own wish, they wouldn't go out to the world and distribute loans to the needy nations like Pakistan, Sri Lanka and Maldives among others. Printing money as per their own wish, will lead their economy in the same line as Venezuela or Zimbabwe. I am sure China will not take any such steps especially when they are aiming to become the strongest country in the world. So check your facts first!
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I wonder why the article doesn't even mention local news sources. I'm pretty sure stories like this would have made it in main stream publications. With just estimated amounts scammed, this is looking like a made up story by the author. Not even the name of the group was mentioned and other relevant information. We have to be more careful of what we read these days, even articles from known crypto news sites are just pure rubbish  The article is quite vague, but upon further investigation, the news have been sourced out of EuroJust. If you're interested, read it here: http://www.eurojust.europa.eu/press/PressReleases/Pages/2020/2020-01-30.aspxThe 6.6 million scam must be the total of all the stated amount by victims and their investigation when the members of the OCG has been arrested. The news is quite new too, and to give you a gist, there's a total of 85 victims defrauded, and 10 personalities arrested. Thanks for the updated new link with some substance! Frauds and thieves will always be there but the main issue is the reputation of the cryptos. Cryptocurrencies are very frequently associated with frauds of similar sort, which actually brings down the reputation of cryptocurrency itself in the mind of common people. That is harmful for us! Educating the mass is the best thing to do to encounter such situation. Also, 35% return?? Any person aware about the economic situation and the market, will definitely identify it as a scam as soon as they hear the amount of return. I wonder how these frauds have manage to get 85 investors at the first place!! |
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It's a good initiative! Especially when the exchange is not widely known, this kind of promotions can get them some amount of users who prefer to deal in altcoins. However, please note, that only a few altcoins will have this facility of zero commission. It's not extended for every single coins listed there!
Also the monopoly of bitcoin can't be affected because of such promotional events! They are just too small to impact the king anyway!
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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!
Don't have any list, this is just a general idea first and sees how it develops with the input of many other clever, thinking, creative minds here! For the first one you suggested, it should be for both physical person full name, and company/corporation names, and if it is a corporation or business name, which it has a big list of all its members behind, which normally companies have always their member's name hidden, which need to be always upfront available to anyone to verify who they are. For the second question about what to do when a company is selling people's data... As we know we are still in a new field, where there are few options for the clients to do when things like that happen. But I am sure this will soon be different if people keep talking and bring new ideas to stop the abuser from selling personal data! No buddy, you are not getting my point here! We can ask N numbers of KYP data from our providers. Including how they are storing our data and who all are having access to it etc. But my point is that, how do you prove that a company sold off your data to a third party? What action would you take after knowing that fact? Remember, we are free to go to consumer protection forum at any point of time. But how do we prove that that company actually sold off our data? It's a big gap! |
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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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