Highly impossible to happen! One world currency is never going to happen because it will make stronger countries like US, China, Russia or Germany to lose their dominance over financial prowess and global level. Do you think these countries will let go their dominance for the welfare of the world? Your statement of blockchain based currency will become a reality at country level while every country will slowly move to the digital economy and adopt centralized blockchain for their own currency. For example, India has already published a draft bill which recommends banning of bitcoin and other cryptos and at the same time, opens up the possibility to create a centralized crypto called "Digital rupee" which will be a replacement of physical money in India in phased manner! So country specific crypto is very much possible, but not at global level.     

Even though bitcoin has the potential to go in any direction mentioned here and beyond. But predominantly it will be used as an investment because there is very less chance of finding a bitcoin merchant due to its price fluctuations.

Retails merchants are very sensitive to price movements because of the low margins in daily products. But 10-15% fluctuation in bitcoin price is very common which I believe is the main roadblock for cryptos to become a mainstream currency.

That's also the main reason why people prefers it as an investment.

Ok, let me confirm on the correctness of this news. Firstly I will go with SEBA and the link below will connect you to the actual news from their own website,

https://www.seba.swiss/news/FINMA-licence-received/

Even if the license is conditional and they will have to fulfill few other conditions before they become operational, but still a great move!

Now I will jump to Sygnum. See the below link,

https://www.insights.sygnum.com/post/sygnum-digital-asset-technology-group-receives-finma-banking-and-securities-dealer-licence

This confirms the correctness of the news of their part as well. It doesn't look like a conditional one.

Memorizing a big list of seed words is a risky venture, no matter how good you are at it! I would rather suggest you to use a hardware wallet like Trezor or Ledger Nano S is the best way to safeguard your bitcoins if you are holding a significant amount.  For small amounts of bitcoin, you can simply use an online desktop client like electrum among others. Remembering seed words is a bad idea. If you're serious about the safety of your bitcoins, go get a hardware wallet!

We all expected the same judgement since last few years when Dave's brother filed the lawsuit in Florida. However, the court did not mention any amount, rather passed the judgement on percentage saying 50% of the bitcoins mined prior to 2014 will be awarded to Kleiman Estate. I am sure Craig is now planning his next step on how he can minimize the amount that needs to be given out.

While we all assumed that Craig is an impostor and now when he will have to shell out a fortune, it's BSV which he needs to sell in order to satisfy the terms and conditions of the judgement. If you happen to hold any BSV, sell it off right now because it is going to bleed big time!

I seriously love your confidence dude! Looking at the project and the non-existent problem your company is aiming to solve, I think another xotika.tv is in the making!! All the best!

Benefits can be of many types. One can be monetary benefits and another can be honour and pride. I think the honour and pride matters most here for the most important financial innovation of this era. Because Mr. Satoshi is already a billionaire through the bitcoin he holds (at least we assume that he holds) so money doesn't come into the play. Rather, the pride takes over the stage.

However, I strongly agree with your statement that if original Satoshi is found, then he will have to face a lot of legal issues from the governments around the world.

I also have strong feeling that awarding bitcoin whitepaper copyright to Craig Wright is actually a made up game by US enforcement agencies to bring actual Satoshi out from the excile to claim his right over his own innovation. I pray to God that his actual identity never comes to light. He doesn't deserve ill treatment from the regulators.

Possible! I can't deny the fact that data can be misued as we have many examples. I am just looking at the brighter side of it because increasing KYC compliance will inly increase the chance of cryptos being accepted into the mainstream economy. Resisting it will only make things worse than ever!

You have a very valid counter argument here. However, It's not voluntary but we are obligated to such requirement because the dynamic business world is changing every single day. Every new technology or innovation comes with related pros and cons. As a society, we adopt the positive effects and try to mitigate the negative ones.

How many hacking incidents you have seen reported during your childhood and how many you are seeing now?? The nature of crime is also changing and the mitigation techniques are also getting more intelligent day by day. But does that mean we would not adopt to the changes? That's life! Either we adopt or we go extinct!

It's the duty of governments and police to mitigate criminal activities and that's why it's their right to know about their citizen's whereabouts! It's not the job of a common man like me. We know their name and contact details, why would we need their driver license numbers as well??

Crypto possesses many bright life changing possibilities but it also possesses many risks to the society. Money laundering and terrorism financing are two major concerns of the regulatory authorities. KYC is one preliminary step to mitigate such risks and I support that! It's always better to be regulated than to receive a blanket ban.


I hope the same! But there's really nothing to hide!

Quote from the article,


Gold is much more accessible than any other precious metals or any other cryptos. I seriously don't know why you have personally faced such issues. It looks more like a knowledge gap than actual issues. All banks sell gold and you also have jewelry shops but if you don't want to go for physical gold, just use your stock broking account to buy ETF. It's as simple as that! Buying crypto requires some amount of technical knowledge but for Gold, it has been made accessible for the mass!

Why don't you use localbitcoins? They have an extensive listing of Canadian traders. See the below link,

https://localbitcoins.com/country/CA

Localbitcoins require KYC but only after you reach a specific volume yearly! You can smoothly start with zero KYC. It has in built escrow facility to make the trades secure.

It's always a pleasure to see when justice is delivered. Such kind hackers like Grant West are the worms of our society and contributes to the reputation loss of bitcoin and cryptos worldwide. Thefts and hacks are always discussed at the forefront whenever potential risk of cryptos are being discussed by the regulatory authorities and such kind of incidents are one of the major roadblocks for cryptos to become a legal tender in many countries. Grant West is just one example of an wasted talent.

The scope of your question is much bigger and can't be suitably replied here. Rather, I would request you to watch the below video from Youtube.

https://www.youtube.com/watch?v=FVXoijm6eZ8

This video will at least give you an idea even though money printing and circulation requires a combination of many factors. Hope this helps at least to understand the basiscs!

Contrary to a lot of people here, I would welcome such steps taken by legal merchants and businesses. Because legal businesses are bound to the comply with the local laws and regulations. Also I don't understand why would anyone resist such KYC requirement if that particular individual isn't doing anything illegal. If I have a t-shirt store today and my payment settlement provider is asking for KYC, why would I deny the request and take my business elsewhere?? What's the problem in here??

MLM and Ponzi scams are sad reality of India. While educated people don't blame bitcoin for such scams but government bodies like RBI are effectively combining bitcoin/cryptos with such scams. If you refer to the arguments in RBI vs Crypto case dated 20 August, 2019, RBI had blatantly linked cryptos as ponzi scams. Just see the below tweet from Crypto Kanoon who were providing live updates of the argument to the general mass.

https://twitter.com/cryptokanoon/status/1163760567586185216

The mention of ponzi is not a good link up to be done with crypto. People fall prey for ponzi scams because they want to earn more than the conventional banking interest rate. With the falling interest rate, such ponzi scams are getting prominence again, especially in South Indian states who are offering as much as 18% - 28% interest rate per year.

SEBI has failed big time in educating general mass from the risk of such ponzi investment, which is their primary job! As a result now bitcoin is being linked with the ponzi scams. It's a big failure of the regulatory body who didn't apply their mind in studying cryptos properly! 

It's not actually awesome in a way that you think! It has severe impact on the economy. Banks are the still the main pillars of the economy as it controls the public money and majority of the common people still use banks for depositing their money, thinking it is a secure way to do it. Now think this similar situation from the perspective of a common man who deposits more money in order to get less amount at a later date. Banks are going to earn from the difference in interest rate anyways, their strategy is not going to change. They will probably offer -5% interest rate for checking accounts and -3% for borrowers. Their income is a straight forward 2% no matter whatever the market prevailing interest rate is!

Bitcoin is supposed to be benefited from the negative interest rate regime. But the main beneficiaries are precious metals like Gold, Silver or Platinum. If you look at the price chart of Gold from last one year, the trend will be clear to you! Check the below link,

https://goldprice.org/gold-price-chart.html   

It is probably one of the reasons for less interest from the mass, but that's the viewpoint of an investors. A merchant will not think in this similar line because bitcoin is not an investment to them. What matters to them is the stability in price which is certainly missing in crypto market for very obvious reasons!

There are other reasons as well for the retail segment. The primary one is the absence of government regulations and framework of crypto usage. Very few countries have a proper framework for using crypto and retail business is an organized business segment. So an organized business segment would never adopt something into their business which doesn't have a framework available! That's where the adoption rate is getting hindered!

I just found his statement two days ago and started reading about it. I can't deny the fact that I really enjoyed reading his entire claim. It is way better than any other claims that I read till date and I really enjoyed reading it. This fellow must have taken a good long time to write it.

Nonetheless, we all know there's no concrete way to prove someone as the creator of bitcoin other than signing from the private key known to be Satoshis as correctly mentioned by Neuroticfish. So until that happens, it's better to sit back and enjoy some good readings!

I believe the fellow specifically mentioned about the hard drive so that no one can ask for the proof of ownership!

Btw, his website link is given below,

https://satoshinrh.com/

Enjoy!

It depends on any individual's past experiences and definitely vary from person to person! But deposit bonuses comes with some rules and regulations attached with it. In most cases, these bonuses are not directly withdrawable. I have seen a lot of players fail to read those rules and then yells when their withdrawal request gets rejected!


Licensed gambling sites may require KYC data of customers to remain compliant with their local regulation. Unregulated and unlicensed gambling websites usually do not require such data. Even though exceptions are there for both cases, it is better to avoid unlicensed gambling websites even if there is no KYC requirement. That's a general preference of experienced gamblers.

Gambling world is usually full of scams so people are generally more cautious before they invest in any website. Any behavior that is not common to this field, easily raises red flag and people try to avoid them! That's general perception!

It's always better to read reviews from the internet before you put your hard earned money into any casinos. That may help in win some trust back!

Do you all know the new drama about a new Satoshi? If not, see the below website,

https://satoshinrh.com/

Guys, how does it matter that who Satoshi is and what is his nationality?? Sometimes, privileged information can cause big harm that we can't even fathom right now! Let it be the way it is written in wiki or believe whatever the US court says! Let the real satoshi live in peace!