Either get clarification from the banks on what happens to customer funds and act accordingly or stop dealing with Rupees. I would not use an exchange that told me whatever happened was my problem. That's not professional in the slightest.
From what I understand, they're not taking any responsibility for whatever happens to customers' rupee balance once their banking service is disrupted. I assume customers will still be able to trade coins freely and can keep them, but without the option of cashing out or cashing in. I'd say that's perfectly reasonable in light of the central bank circular, but it does seem like the statement has loopholes that could be exploited. If I were a customer, I'd probably avoid cashing out because the withdrawal rush may delay my withdrawal to beyond July 5, at which point they may not take responsibility for any loss anymore. If there aren't any delays, I'd definitely take everything out ASAP. This is highly unprofessional attitude. I mean how can they escape from taking over the responsibility of their customer's holdings just like that!!  If they are to work under the purview of the commanding authority then they must also take out certain safeguards for their age old customers who have entrusted everything with them. This is not how the system works. Now that the announcement by Zebpay has made the situation clear, people should not sit idle and do something to mitigate the losses that have occurred and could occur in the future. I doubt your view here. It is not at all a unprofessional attitude. Instead it is very good for the customers because the exchange is informing this news to its customers well in advance. They can't do anything because the RBI circular will come into effect from 5th July onwards. So the exchange is expressing their concern on the situation and it is actually a notice to the users to withdraw their funds. If they didn't inform this in advance, a lot of bitcoins will get stuck after the 5th July. It is a huge loss for them if all customer withdraw their bitcoins and funds within a short period of time, still they informed us about their concerns. It's commendable! I see no unprofessional attitude here! |
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While the website looks good, paying 1 satoshi for a game is actually stupidity. First of all, I am not sure whether it is possible to send 1 satoshi to any address or not. Secondly, I will end up paying more than 500% in transaction fees or else the transaction will never get confirmed. The minimum payment should be increased to a real feasible level.
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Earlier Ghash had also achieved this magic number of network hashrate and they had asked miners to move their resources into different mining pools to maintain the balance. However, the case is not the same for bitmain. But I doubt they will be performing 51% attack on the network because it would halt the entire network. That will not be profitable for them in any way.
Also like Franky correctly mentioned that changing the algorithm will cause a serious security risk so that route is mostly unlikely. Lets just hope for good because that is the only thing we can do now.
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July 5 is set as the date when all the banks of India would stop offering their services to cryptocurrency exchanges. With just a couple of weeks to go, Zebpay has made an announcement that although for the time being Rupee withdrawals are functional, it could stop making deposits and withdrawals impossible. If I am right Supreme Court would hear all the pending crypto related petitions on July 20. Don't know if RBI would enforce its directive on July 5 or would wait till the hearing on July 20. IMO, keeping your funds on Indian exchanges be it Bitcoin or Rupee until July 5 wouldn't be a good option. https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=43574Supreme court initially kept the next hearing date as 20 July, however, keeping in mind that the RBI circular would come into effect from 5th July 2018, they have decided to pre-pone the hearing date of 3rd of July. The division bench of Supreme Court of India will hear the case on 3rd July and we expect to have an interim injunction on the RBI circular on that date. To know more read below, https://bitcointalk.org/index.php?topic=3350109.msg40859847#msg40859847 |
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Update post: Internet And Mobile Association of India mentioned its petition before Supreme Court vacation bench on 22nd May. Urgency was cited because of 5th July deadline from RBI & the Supreme Court fixed the matter for hearing on 3rd July. Also Indian Crypto Regulatory framework almost prepared. Inter-disciplinary Committee to discuss a draft in the 1st week of July. Likely to wrap up the work by 15th July.  News source: https://twitter.com/cryptokanoon |
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Bitcoin is facing many issues right now and it is hard to deal every one of them. That's why as a community we need to help and support this innovation. And currently, the main issue that people are throwing to bitcoin is its legality. I personally think that bitcoin should be legal and should be recognize as a legit currency. What do you think will happen when the government finally recognize bitcoin?
It really doesn't matter on what we think. What matters is the thinking of the government and regulatory authorities and you can presume that they don't think very highly about bitcoin in any way. Legality was always an issue with bitcoin or any other major cryptos. It was always there, so I really don't think legality is the issue due to which the price is going down. There must be something else which we are not able to understand currently. Legality is obviously one of the ongoing issues, but still struggling to understand the rest of the story! |
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These a golden opportunities for those that really want to invest their money and watch it grow without much effort. We are an expert trading platform and we have been trading so some years. We want to give back to the societies and we decide to help some to come invest their money with us and get 102% returns on every amount they invest. Skype if you have any inquiries : myinteg@hotmail.comAre you kidding? Why would a person send money to you?? What is your guarantee?? A straight forward intention to scam people, it looks like. Refrain from doing such kind of shady activities in this forum. |
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where do these people get this stuff from?  "fighting back", "exhausted", "bottoming process",... it is as if the article is trying too hard to use words to scare people into thinking price is about to fall down hard  the funny thing is it is not even showing smallest signs of drop. if anything it is showing signs of rise. ever since this "hack" happened the price has gone up about $400! Lol !! These is how one should write high quality article where people will spend more time to understand the objective of the article. This will increase the pageview timing for that website and in turn increase the traffic ranking. The fact is technical analysis are made for fully regulated stock market. It holds no significance to a trustless and decentralized currency like bitcoin. Nubes will be worried after reading such articles while experienced will keep calm!! |
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"Are you really fulfilled to be a cryptocurrency geek" Yes me got pissed of when fees hit $55 per transaction and thank god I jumped out at $18k with a good stack of winnings and then I spend a month looking at the lightning network and came to the conclusion that the hubs were nothing more than banker hubs. Me is very good geek, read for yourself here https://lightning.network/lightning-network-paper.pdfI counted the word "Fees" in the document and it was used about 45 times but they did not stick to the white paper so i guess a few more should be added. Tell me Mr Geek, what programming language do you speak and who was the last last bank you worked for, mine was RBS ? Glad that you have sold at 18k and made a great winning. Congratulations! We had seen a huge inflows of new investors during late 2017 when the price was sky rocketing. Mempool was filled up with loads of unconfirmed transactions duly increased the transaction cost. However, with the adoption of segwit, it is most unlikely we willl face such issues again. However, I strongly disagree when you call the hubs as banker hubs. Miners doesn't have the functionality to choose only high fees transaction to be added to the block. The system is automated as far as I know. So cherry picking of transactions is not possible. This is how a trustless network is maintained. |
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Both trading and leverage trading can be compared to gambling. The less you know what you are doing and the more you are relying on luck on how you feel the market will go, the more of a gambler you are. The difference is, leverage trading is similar to gambling when you borrow money, so you can bet higher amounts. You can win more but you can lose faster as well.
Precisely, leverage trading compared to gambling all I can say is worst in gambling. There's no assurance in gambling but in trading maybe you have a chance. If I rate them in my own the lowered one is gambling, pure luck base on gambling but in trading, you have a chance by searching and make a study of what coin you trade for. For me, these two things are very risky, so I will not engage of these of strategy in earning money. In trading there's a guaranteed return especially when you know what you are doing. Regular trading is cannot be consider as gambling because you have the strategies every time you trade, and you study for it however people consider trading as gambling because many greedy people are still trading even they know nothing. Leveraged trading is quiet more risky and it can be consider as gambling because you are borrowing money just to have more profit which I think more greedy compare to the ordinary trading. Trading is the most profitable source of income and many people are making more and more money from crypto trading. Gamblers are losing their money online and offline. They have no respect in society, besides trader has lot of respect in his community because of having money. By trading you can become the richest person of your community. That's a very typical mentality you have portrayed. Just like how a common man with zero knowledge about gambling would think. I won't blame you because this is how a major portion of the society thinks about gambling and you are not someone with exceptional mental capability. So no wonder you would do that. By characteristic, trading is also gambling. In gambling you bet on your luck and in trading you bet on your speculation and obviously luck. It's because of some people with typical mindset portrays gambling as negative in the society. A change in outlook towards gambling is obviously needed and I strongly condemn your views on gambling. |
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Today evening, I was spending some free time by surfing various websites. Suddenly a website caught my attention which talks about the benefits of gambling. I was surprised because negative thoughts about gambling is so common, but positive thoughts are rare to find. So I went ahead and read the entire article. The article actually talks about the positive sides of gambling which I believe everyone should know and it made a lot of sense to me! The article lists 7 points as the benefits of gambling:1. Gambling Stimulates Local Economies 2. Gambling Is a Form of Entertainment 3. Gambling Can Take Place in a Safe Environment 4. You Could Win 5. Gambling Contributes to Government Budgets 6. Gambling Creates New Forms of Revenue 7. Gambling is a Form of Game Play The article is actually a tight slap on the popular belief that "gambling is harmful to the society". So I encourage everyone on this forum to read the article and understand it, especially the non-gamblers! Gambling is not a fools-heaven, it's just another business and an opportunity to the gamblers! Hope this article would clear your mind! Article Link: https://www.benefitsof.org/what-are-the-benefits-of-gambling/Yes, it's really the benefits of gambling but now look things differently: What's the price you (gambler) have to pay? You lose, casino wins, that means their employees and casino owners get money from your own pocket + goverment gets money from casino. Finally those pockets are filled but a pocket of a lot of gamblers is empty, that doesn't worth. It's not a way of profit too but it can be a very, very relaxing if you play for fun. Absolutely! Gambling is a way of entertainment only. Any person gambling to change their life is not a proper way of gambling. When i visited Macau few years back, I played few games including slot machines just to experience live gambling. I didn't play games to change my life and status overnight. So the bad thing is within the mankind and not within the industry. Every business is built to make profit and those profits are coming from the pockets of the consumers only. Every MCdonald burger you eat, the money goes to the company only. Same for gambling as well. |
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When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
May I know which country you are from? It seems like a violation of basic human rights! But yes, a lot of governments are well known for doing so. However, it is very very hard to completely ban crypto by any particular government by implementing network limitation infrastructure. There are ways to bypass those security measures and a tech-savy person will know how to do it. In India, the government banned porn websites few years back. However, they lifted the ban after facing huge protest. But tech savy youth didn't say a word because they knew how to bypass that. It's not easy to ban crypto. Governments can try but eventually they will have to accept the fact that it is uncontrollable. |
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Yes! Even another ponzi company Money Trade Coin recently busted by Maharashtra Police. It was estimated that they have raked up around 500 Cr. from the market with a promise to provide 20% annual return with their own coin. Such kind of scammers and ponzi schemes are actually a big threat to the economy. But it had to happen because the banking system of India is a failed system. The banks in India have failed to reach all levels of society and that's why poor people are getting scammed by the big whales in the name of ponzi schemes.
There was another news of a Policeman got arrested by his peers over an extortion charge in Haryana. He reportedly asked for bitcoin as extortion money. So we have faults within the system as well. Proper education and awareness is required to stop such scammers which is sadly not present in all levels of Indian citizens.
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Chain Accelerator has launched in France. It is the first startup accelerator dedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G. Gresta, former SWIFT CEO Leonard Schrank, and Ledger president Pascal Gauthier. It seems like big names are associated with this company. But the scope looks limited to only blockchain ICO startups. It's true that we need more key corporate players in the blockchain related businesses to make it go mainstream and with such big name associated with blockchain business, will surely help this sector to take another step up. More importantly, we will start seeing more professionally managed ICOs coming to the market. |
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I was searching all over the internet and could not find the answer.
Are crypto casinos legal ?
Do they need a license ?
Are US and China citizens allowed to play in that casinos ?
I'm talking about casinos that accept only cryptocurrencies. (No fiat money)
A lot of crypto casinos are legal and registered entity. They run by a proper legal entity name and licensed to their originating country. However, it depends on the lecal law to determine if a person from a certain nationality can play crypto casinos or not. Usually online casinos are open to the world, but the player needs to identify their own legal clearences. |
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Blockchain technology and so bitcoin will cause the world to be more interconnected, free financially. It will lead to increase in equality of opportunity so for third world countries it is good.
more interconnected or rulled by a corrupt internet propaganda system? whats with the other 60.000 cryptocurrencies why arent they listed as well? they didnt payed as good as ripple didnt they? or the ponzi schemers around bitcoin litecoin etc. Pros and cons are everywhere and in every system but that doesn't make a particular system look bad. Apart from all other technical nitty gritties like connected networks or distributed public ledger etc., I can proudly say that bitcoin has given me financial freedom. Is it anything less where the governments have failed to provide us jobs and security?? Bitcoin is certainly not a magic wand which will develop a county drastically overnight. Every revolution takes time to take shape and it has already started. It is not a fallacy but a reality. Ponzi business was in existance since the fiat. Does it make fiat look bad? The issue is with the negative minds that plays negative role in any ecosystem. |
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As a Computer Science student, one of our dreams is to become a successful developer. Both Cryptocurrency and blockchain technology amazed me and i can see that its still improving through the generation.
The question is, what should developers need to be more focused on their future projects, making a better cryptocurrency or developed a project that will maximize the blockchain technology. Both of these fields are a contribution to the society, what's your thoughts in here?
Definitely blockchain technology! The scope of crypto currency is very limited and we already have more than thousands of crypto currencies available in the market with no use. So developing a new crypto currency makes no business sense, at least to me. Instead, leveraging on blockchain technology will make more sense as well as it will develop new application of blockchain technology. Blockchain technology is still at a nascent stage and the world didn't yet realize the actual power of blockchain. A lot of research and development work is needed on that. Creating new crypto currency will just add another new coin in the list with the same use as of other currencies. But developing a blockchain technology and leveraging different side of it will have more deeper and meaningful impact on the society! |
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Since the article link is broken, I tried to search for the similar news by google search and what I found is from 2011. The link is given below for everyone's reference, https://www.reuters.com/article/us-financial-bitcoins/senators-seek-crackdown-on-bitcoin-currency-idUSTRE7573T3201106082011 to 2018, a lot of things have changed in last 7 years and I believe we have already came a long way from such hostile mentality of few lawmakers. Now there are thousands of altcoins available in the market. If bitcoin is taken down for some reason, illegal businesses will move to another altcoin. These kind of silly reason against bitcoin was a trend by the lawmakers in 2011-14. However, every governments have started understanding the potential of bitcoin and more specifically the blockchain technology. So such silly reasons simply don't stand valid in 2018. |
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Recently I tried leveraged trading for the first time at Bitmex, and ended up in a loss. It seemed similar to a gamble, where you deposit, place a bet and either win (and double) or lose everything. In leveraged trading, if you deposit & place an order and it reaches your liquidation level, you lose everything.
Gambling can't be compared to regular trading, as in regular trading, you don't win much and don't lose much either. However, if you're trading with leverage, then that trading can be considered something similar to a gamble.
Leveraged trading is essentially borrowing money from the broker and play the bet. It will offer you a certain level of liquidity and once the liquidity is exhausted, your trades get squared off. This is also known as "margin trading" in real world stock market and a very risky proposition. Even though these are structurally different than conventional gambling, but the end results are very similar to gambling, the game of luck! But leveraged trading comes with a very high risk exposure as compared to conventional gambling. |
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We have to support John to become president he ill ban fiat money , and make cryptocurrendy's as it's stated in thier name currency's , cause right now no one is seeing as currency's we are in it for the money , and those that are outside the market see it as a high risk speculation.
He will ban fiat currency?  Really Mate!!! If he becomes president, then probably we will see more support for crypto currencies is USA because probably he will legalize it. Banning fiat currency is not an option and any sensible president will no take such decision. It will bring doomsday to the world economy. All I know is that guy's full of bull. Shills just for the sake of money.
The current president is nothing less, in all true senses!! |
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