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It really doesn't matter who the Satoshi is and whether Hal is Satoshi or not. I mean it! Bitcoin is decentralised is nature and psychologically it is great if the creator of Bitcoin stays anonymous.
Also if someone is able to prove that he is Satoshi with all proofs, he will be spending the rest of his life behind the bars. So it's better for Satoshi to stay anonymous.
I honestly feel this CW drama is a setup by the enforcement agencies to lure the actual Satoshi out.
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Honestly I have stopped converting my cryptos to fiat completely. I am just not ready to pay 30% taxes. It's just too much and doesn't make any sense at all.
I still miss LBC exchange. They were doing great so not really sure why they had decided to close the business. I would never prefer to use any Indian exchange unless I have a sheer emergency. India needs a proper framework on crypto taxation.
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So, let's assume you luckily won anything as from $70,000 and above with a total bet below $100, and to withdraw this money, or even part of it, the casino requires you to pass all levels of verification in their system, which means that you will have to provide them all your personally information down to the most private of them all, and this casino is relatively new and you are not sure about their reputation.
Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?
I love to read your thoughts on this.
70 grand is definitely a significant amount in my country and definitely a life changing one. I personally will pay off my mortgage and will still have a good amount of money in hand which will give me a decent passive return if I am able to invest it wisely. So personally I will go ahead and do the full KYC with the casino. But there will be some sanity checks done by me before I do that. I will read every possible reviews available in the internet and read through the discussion in this forum. If I am satisfied, I will go ahead with the KYC. |
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I am not sure about Finland, but in my country, every company is legally liable to keep the data for 7 years. Within these 7 years, any government authorities can seek information from the company and they are legally liable to provide such information to the government. So better check your local law what it says.
Honestly, I have never received an email from LBC to delete my data. I am wondering if anyone else has received it?
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Lol! It's hilarious to see people are still betting on NFT, especially those nonsense pixelated ones! NFT is over and dead!
Some celebrity NFTs might be having some sales in this market, but nothing else in NFT is working unless you find new chickens to sell these nonsense things.
NFT has no value and no utility! It's dead!
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That's fine! When common people is expected by the tax man to disclose their cripto earnings, why not banks! I mean everything should be transparent as the regulators say. The simplest conclusion that follows from this is that cryptocurrency is not a scam and it will be used in the future.
Yes that is interesting, this mean that we as users need to keep bitcoin and other alt-coints out of any CEX and Bank. Just to not give them more power This is not really on the users. But it is more on the banks to disclose how much cryptocurrency assets they are holding as their investment. That is very fair! |
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Is funny how something that they thought could easily die away is now a globally accepted alternative in a decentralized manner, just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?
Why should someone as big as a government allow itself to be subject to mockery simply because they want to control what is already ahead of it, bitcoin is far gone from the stage for a government attack to bring it to total collapse, which can happen with altcoins but not Bitcoin and the earlier they realize that the better.
Big up to El Salvador who was bold enough and has a smart leader to have discovered the potential advantage of Bitcoin and adopted it accordingly, but to those countries who are waking up and taking the shield to attack Bitcoin, my advice to such countries is to take a look at china who took that route in the past by banning Bitcoin, what has been the result that ban.
Has it had any long-term impact on Bitcoin, or just short-term market reactions, which are sometimes almost unnoticeable?
My advice to all Bitcoin holders in and out of banned countries is to, make your security your highest priority, and afterwards, try never to get distracted in your walk to a more developing and advanced future with Bitcoin.
Every government is different and every government has their own priorities and challenges. So a government can definitely decide to impose a blanket ban on cryptocurrencies but that does not mean cryptocurrency will be impacted at a global scale. The impact of such ban usually stays within the jurisdiction of the same government. Nothing really funny is there. It's always the case because Bitcoin is something truly global and free from the control of any centralised authority. |
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That's the risk of crypto which makes every government concerned. Terrorism financing! By nature, crypto can be used for such illicit activities and this news surely proves that there's a risk and why a global crypto framework is needed.
I know a lot of people would disagree with me but there's no denying of the fact the privacy cryptos can indeed be used for terrorism financing with leaving a trace. EU is facing a grave crisis and if the crypto is being used to finance the terrorist activities, it needs to stop. Now it was from Russia, tomorrow, it can come from Iran and day after tomorrow, it will come from Jordan. There's no known way to stop this!
A global framework and intelligence agency to curb illegal crypto transactions has become a necessity.
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found via reddit: New Etihad Airways NFT pass offers lounge access, staking for airmiles, and more benefits for holders, offering a glimmer of hope that perhaps there is life in NFTs yet - if only for real use cases that make sense. https://www.etihadpass.com/seems not a bad deal for $48 but dyor  Somewhat better than JPGs. At least something can be done using this NFT rather than just buying some nonsense images for nothing. I like the way the entire thing has been thought out. It is essentially a loyalty program in the disguise of NFT to attract tech-savy and young croud. The usual NFT market is still dead. |
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Everyone once had a positive perception of NFT but now it is not possible for NFT to regain its credibility. When NFTs were on hype I expected good profits, but now NFTs are not as hyped as before. Now I think NFT-Investment has very high risk. It is true that 90% of NFT are sitting at zero now. The NFT market will not be able to recover so easily. Although I was not bullish on NFT from the beginning, and I do not advise anyone to invest in NFTs. NFT used to be a great technology but now it is being misused, and most of the scammers are getting into NFT. I have several NFT in my wallet that have been sent by scammers.
To be honest! I never had a positive thought about NFTs. From the very beginning I have been saying to everyone, that NFT is going to die sooner than any other hypes in the crypto market. A JPG can't be sold forever for millions of dollars. Just like any other hype, NFT died but faster than anything else. Only the initial investors made money and royalty. Rest all are still licking their own fingers with a hope of making sales. This is utter nonsense! |
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Lol! What a question! No asset can beat Gold in India. Gold is not just an investment, it's an emotion. Also it is linked with Hindu religion in many ways. So Bitcoin or any other investment can never beat gold in India ever.
I personally purchase digital gold on every Thursday. Because in my religion, Thursday is considered auspicious. Bitcoin has no chance in breathing gold no matter how attractive the return looks like.
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I recently discovered a new way to store Bitcoin that has totally changed the game for me. This new method not only keeps my crypto safe, but it also makes my crypto investment strategy a lot easier.
In addition to this new method, I’ve discovered a few other tips that have been invaluable to me.
For example, you could create a “decoy” wallet with a tiny/0 balance amount of Bitcoin. This way, you’ll be able to divert potential threats/thieves away from your crypto.
You could also try using a multi-signature wallet for extra level of security.
These unconventional tips have given me a new level of confidence in my crypto holdings.
Well! That's quite common in crypto world. We all use multiple account for various purposes. We all keep the main account number secret and share the ones which are already public. We use that public account for all kinds of transactions. This is very basic here. Just like any other investment rule, we just need to diversify across multiple accounts. So that any any account for compromised, we don't loose all our cryptos. |
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If you really want to invest in gold and get the capital protection that Gold investment offers, choose digital gold from an authorised supplier. In my country, digital gold is the safest gold purchase option we have. You can buy in fractions or small domination of gold and keep it safe with the government approved custodians digitally. You can sell it anytime you want and get the amount credited in your bank account instantly.
So when it comes to gold, I would suggest not to look for centralized crypto issuers. Rather find something legal in your country.
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I've seen digital property being sold for thousands of dollars (USD) in Decentraland. I'm yet to understand why digital real estate is appalling to mainstream investors. Owning a virtual property is not the same as owning a real one. It's just like NFTs (through the form of digital art, items, etc.). It may be all hype that will eventually fade away into oblivion. Or maybe I'm wrong? Do you think digital real estate has a future? Is it worth it? If not, why? Your input would be greatly appreciated. Thank you very much.  It's just another non-sense simulator JPGs being sold as NFTs. No point! Only the issuers are getting richer and the buyers have nothing to do after buying. Internet has become more addictive than Cocaine nowadays. These web3 companies are just cashing out the addicted generation. Absolutely makes no sense! Whoever are investing into such kind of things, doesn't really know the value of money and what it takes to earn money. |
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SEC is not afraid of loosing time. Rather they want to do it this way so that everything starts over again. Now grey scale will have to follow every procedure from the beginning. And like you said now SEC may come up with a very strong reason for not approving the application.
So we are now coming back to square one where everything starts over with no specific resolution. All the best grayscale!
Also SEC has recently approved BlackRock's ETF. Do you think it's a coincidence?
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With fewer than 200 days to go, anticipation mounts for the halving, a four-year event that halves the supply rate. Bitcoin’s fourth halving is projected to take place on or around April 24, 2024. This comprehensive guide will help you understand the halving’s effects and what to anticipate. The Countdown to Halving and Understanding the Halving Mechanism
By current measurements, 193 days remain until the halving, set for April 2024. In essence, the Bitcoin halving, coded into Bitcoin by its founder, Satoshi Nakamoto, happens every 210,000 blocks, roughly every four years. When the network hits a certain block number, the mining reward — the bitcoin amount miners earn for verifying transactions — is halved. For instance, the initial mining reward was 50 bitcoins per block, and it fell to 25 bitcoins per block after 2012’s first halving. This system ensures a regulated supply rate that diminishes over time. To date, Bitcoin has undergone three halvings: the first on November 28, 2012, the second on July 9, 2016, and the third on May 11, 2020, when the reward declined to 6.25 BTCreadShort and sweet explanation! I am sure a not of newbies will find it informative. Halving occurs in every 4 years roughly. The expectation for miners is the hike in price. As the mining reward will be reduced by 50%, the price of bitcoin should get increased to compensate for the miners. It's a risky thing because, unless the price increases, it will become difficult for the miners to make profit out of their mining activities. And to ensure network perticipation and security, it is important. |
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I recently came across this news on Economic times. All global CEX have been or are being requested to share their user database to the government of India. Every major CEX has made it mandatory for its users to pass KYC, it will be easy for them to collate the data and share it with India. India took this responsibility as it had the Presidency of the G20 summit 2023. The problem that India will face is that these exchanges are based in countries that are tax heaven, those exchanges cannot be forced to share the data. India has time till March 2024 to come up with the database before the next G20 summit in 2024. Once the database is created it will be shared with the G21 group to fight against crime commited using cryptocurrency. What do you think will be the impact of this database to the Indian community that are using International centralized exchanges? Thanks. It's difficult but not impossible! But if it happens, all crypto exchanges will loose their credibility and might have to breach their own privacy policy. Also many countries have their data protection act which might get breached. So it's difficult but not entirely impossible. This is very risky for those people who have been under reporting their crypto income in their tax return. That's why I always mention not to stand on the different side of the law. It's better to pay 30% tax than to get into regulatory hassles. |
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We all know that US borrowing heavily. There are a lot of information on US debt on the Internet. Just to make it short, I will ask few questions:
What do you think, how this situation will be resolved? What did happen to any other nations who had huge dept in history? Is there any ways offered by economists to resolve the situation?
In modern economy debt is the gold. Earlier countries used to have gold reserve which used to derive their purchasing power. Now that system has been replaced with debt. So every country in the world have huge amount of that on them and that's how the money circulation happens. There is literally no solution until we go back to the gold reserve again. That is how the money is printed. |
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What I see from this is, the owners of the banking system control the SEC. Were you on doubt? Banking lobby is the most strongest lobby in any government around the world. This is not really surprising to be honest! SEC has been delaying ETF since a long time now and there's no hope for it to get approved anytime soon. Actual game is being played in the background where we don't have much visibility yet. Thank God if the spot ETF is approved in 2023. |
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