I am quoting all three of you as I found a way to pay less than $1 as a transaction fee using USDT. In my country which is India, we have to pay a 30 percent tax every year on our profits and then a 1% tax is deducted on source for every cryptocurrency transaction, such as for trading crypto to crypto and crypto to fiat. The 1 percent tax deducted at source only applies to local exchanges and not to international exchanges. To avoid it all crypto communities shifted to international exchanges and whenever they wanted to convert their crypto to fiat they used local exchanges.

To avoid the 30 percent tax the preferred deposit crypto was USDT as it is stablecoin and does not show the government that it is generating any profit. At first, a lot of us were using USDT on the Tron blockchain but the fee was $1. With the introduction of USDT on the Binance smart chain the fee was significantly reduced. I am not from your country but if in your country brokes accept USDT on the Binance smart chain then it would reduce the fee that you guys are paying for every transaction now.

What you say is true, but the broker does not accept Bitcoin now. He only accepts USDT, so he requires a transfer via USDT TRC 20.

It would have been better if the transfer was done via Bitcoin immediately, because the seller will pay the fees for transferring Bitcoin from the wallet to the exchange, and then the fees for switching to USDT, then the fees for sending USDT TRC 20 to the broker’s wallet. These are all additional fees, but the broker wants to spare himself all these fees and keep USDT Only in his wallet, so that he can send it to the buyer at a cheap fee.

We as sellers are forced to submit to the broker's conditions because it is the only method available here in my country.

The banking system is one of the worst systems humans have created to loot humans. What the banks advertise is the biggest fraud, they say that every bank user needs to save money and invest in the banking system while on the contrary they take that money and invest in business to make more money. They are using a user's money to earn profits and when they are asked to share the profit they only pay peanuts.

The status of banking in my country is so bad that if you keep money in your bank account you would hardly earn any interest. If you invest in any banking-based schemes the amount of interest you get is very less. That was the primary reason why the middle class in my country invested in stocks and now they are investing in crypto. The government does not like it and that is why they implemented the highest tax slab for crypto trading.

They announce the data publicly, and it will not be difficult to track the flows, especially since they are in the thousands of BTC and the data results are updated periodically, with a low possibility that these funds will commit fraud, especially since everything is subject to taxes and auditing.
The only advantage of showing the address is that it only helps in quickly detecting scam if it occurs.

I disagree. Governments always make good use of the fud they create in the cryptospace to fund their own campaigns. Do you think Elizabeth Warren and her friends in the senate will stop? I am very much certain they will not.

However, if they really want good governance, I agree with you. They should fix the internal problems that have accumulated for many years. But there are politicians who might have stopped feeling concerned on what is happening in the political system and they only want to create as much wealth as they can before retirement. One of these politicians is Nancy Pelosi.

Сейчас стали активно раскручивать игру GG zip. Это такой некий аналог StepN и, что интересно тоже на Солане. Говорят, что она будет напоминать еще Pokemon Go. Но, естетсвенно, собираются сделать лучше чем были предыдущие игры.

В качестве инвесторов выступили Delphi Digital, также заявляется об участии в проекте Jon Itzle, Will Price, GMoney, ChiefingZa. Токен планируют на четвертый квартал текущего года. Уже сегодня проект приглашает фармить поинты, за которые на релизе можно получить дроп.

В твиттере, я смотрю, люди уже делятся скринами фарма поинтов этого проекта, активность уже сейчас довольно приличная.

Вот есть с ценами за работу под ключ. Дорого, но тебе ничего делать не придется, все сделают за тебя. На выбор у них карты Киргизии, Казахстана и Турции. На турецкой карте обслуживание 5$ в месяц.

Да, в Казахстане многие карты пооткрывали, год назад. Мне лично, географически, дешевле на машине своей туда сгонять, чем у посредников заказывать. Но это год назад была тема. Сейчас не знаю, люди пишут, что без справки от казахского работодателя больше не дают ИНН, а значит и счет не откроют.
По вашей ссылке никаких цен, только загадочное "пишите в телегу, там обсудим". Так себе сервис, честно говоря  

You are making an important point here that I also agree cryptocurrency will win when we stop exchanging it for fiat. It took a lot of years to let go of gold and adopt a paper and it will take some years for your statement to come true. It is very clear that now Monero is more acceptable than Bitcoin currently as I went for a small ride into the zone of the darknet. The sellers are the same but now most of them are asking for Monero and there are very few who are now asking for Bitcoin. Understandably the congestion and the fee are the main concerns.

@zasad@. I agree on Coinbase not winning on all charges, however, I disagree on a policy change on the cryptospace by the SEC after US elections. There might be some changes if Trump gets the victory because everything he did during his term was express his dislike for crypto but his administration has never done any strict regulatory against this. However, if a Democrat will win, I reckon what we are presently witnessing might only be the beginning.

Earlier it was mostly Bitcoin that was accepted as a mode of payment in the Darknet. With mixers getting seized and authorities focusing more on Bitcoin they started accepting Monero side by side with Bitcoin. Now, almost all darknet websites are asking for Monero as a payment method and it will go on until they face issues with Monero. I mean if you focus on the basic necessity of money laundering it was always meant for converting black money to white. Now, with cryptocurrencies and before the implementation of the tax it was easy for them, it was the best way to convert black to white. With harsh taxation policy and regulations, it is still a favorite way, but I feel they are now using DEX rather than CEX as it requires mandatory KYC.

Bitwise has shown a worthy example for other Bitcoin asset managers to follow. Publishing its wallet address is aimed at showing transparency which could boost customer confidence in the company. The stiff competition between the other ten spot Bitcoin ETF providers might have also necessitated this publicity by Bitwise. There are many big players such as BlackRock, Grayscale, etc, but investors might be attracted to asset managers that have made their wallets public. We might see other providers join Bitwise and also seek other means to gain the trust of prospective investors.

@zasad@. There are conflicting arguments on this. There are some experts who speculate that the case will be dimissed because Coinbase has a higher chance of winning this. Also, similar to what you have mentioned, Coinbase is an investor in Coinbase. They will use the politicians in their pockets that jingle like coins against uncle Gary.

On the other side of the argument and if there is a trial by jury on 2025, it appears that this will become a storyline that would cause volatility on the market hehehee.



Judge Failla could decide to dismiss the case, experts say. Bloomberg Intelligence senior litigation analyst Elliott Stein put the chances of Coinbase beating the SEC at 70 percent in a post last week.

"Our Thesis: Coinbase is 70% likely to beat the SEC, if not outright on this motion, then later," Stein wrote. "Even if the case survives, it likely reaches the Supreme Court, which we think will narrow Howey," Stein wrote, referring to test that's based on a 1946 U.S. Supreme Court case the SEC often cites in determining whether or not an asset is a security.

Others say the case will go on, and if the judge denies Coinbase's motion, then it would go onto discovery. At the end of discovery, both the SEC and Coinbase could bring a motion for summary judgment. If the judge isn't convinced, then it would proceed to trial and be presented to a jury, but that wouldn't likely happen until 2025.

Source https://www.theblock.co/post/274703/will-a-judge-dismiss-the-secs-case-against-coinbase-experts-have-differing-views