I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.
How will the gas price be reduced? If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow. This will continue until the ETH2.0 network supports payments and smart contracts. In the meantime, we need to wait for news on the completion of the testnet, it may take several months. Wasn't one of the main goals for 2.0 was to make the network more scalable which will mean the network won't be clogged any anymore which will mean that transactions with lower gas fees will easily go through? I was talking about when 2.0 is fully launched after phase 2 or 3. Phase 3 doesn't exist  You are absolutely correct that one of the main goals is network scalability. And this should happen at the start of phase 2. I saw different predictions and interviews on this topic, but after what happened with the launch of phase 0, it all lost its relevance. The most optimistic forecast between the launch of phase 0 and phase 2 is one year, and the pessimistic one is 2-3 years. |
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I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.
How will the gas price be reduced? If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow. This will continue until the ETH2.0 network supports payments and smart contracts. In the meantime, we need to wait for news on the completion of the testnet, it may take several months. |
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On the one hand, the popularity of DEFI projects will push the price up, and on the other hand, many experts say that the rise in the price of ether is due to speculation. https://trends.google.com/trends/explore?q=Ethereum%202.0&geo=USThe number of requests "Ethereum 2.0" is now breaking records in Google Tron and EOS are the main competitors, TON is closed. In the coming year, there should be a lot of positive news about ETH and this should contribute to the price growth. |
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Even if this news is true, I would expect further pressure on crypto later on. Russian gov is too tyrannical and corrupt to let such thing as crypto exist without choking it
Where do you read this? Any government will behave terance compared with those who are struggling with it. That's what any government does. I do not think that the implementation of this idea will be a problem, but if bitcoin is allowed to be used as a means of payment, then you will be forced to open a Bank account, pass the CUS procedure, or pay through payment aggregators, which will oblige you to pass the CUS procedure. And then you tell me, what's the difference? No state will allow anonymous payments. Currently, anonymous payments in the amount of no more than 15,000 rubles (approximately $204) are allowed in Russia |
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Why not chat in the official thread, there is more information This question worries many people, but on the other hand, the launch of phase 0 will not bring significant changes, all operations will take place in the ETH 1.0 network. I am more concerned about the question when the ETH 2.0 network will start supporting smart contracts? Follow the news, but I think it will come in 3-6 months. |
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cryptochartsmonitor.com
I added a manual chart selector
enjoy!
Thank you, you did a good job. Is it possible to make several charts of the same cryptocurrency with different timeframes? For example, next to each cryptocurrency, add a number, how many charts to show on the screen, and I will set the timeframes myself. Traders usually observe no more than 5 timeframes. If it will be possible to change the size of the parts on the monitor, then it will be an excellent application for a trader. |
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Finally they made it and approved the bill regulated the turnover of assets associated with cryptocurrencies. But the solution is a half-hearted one as always. On the one hand, it is allowed and legitimized but on other hand the only body which is eligible to decide who can buy cryptos is the Central Bank of Russia. Whose side is the ball on now? Cryptocurrency related operations and cryptocurrency exchanges will have to comply with banks, as they will also be assigned the role of implementing additional requirements, while also analysing investors to determine who is or isn’t qualified to purchase cryptocurrencies. Seems heavy-handed, but essentially it's not entirely dissimilar to what an average BTC buyer faces elsewhere, i.e. their bank can decline a bank transfer to a cryptocurrency exchange. Russia only codified this it into law. all out "strange" law as to me. It "decriminalized" cryptocurrency but prohibits to buy any of goods/properties with it. Looks like it’s for the benefit of a small circle of topmost officials who have billions in bitcoin and can spend them for buying luxuries being abroad. I can’t explain it any other way. How will officials spend cryptocurrencies abroad? In many countries, there is very strict cryptocurrency legislation, which will require at least to go through the KYC procedure, and as a maximum to indicate the source of the funds. I think they will have to use the services of the shadow market to hide the presence of cryptocurrencies. The new law did not ban the sale and exchange of cryptocurrencies, so I closely follow the crypto legislation.But only next year will we be able to look at the practical application of this law. |
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Now in Russia, every 5 people work unofficially according to Rosstat https://www.rbc.ru/economics/05/09/2019/5d6e74fb9a794709eeba4f8cIn practice, the situation is even worse, and as a result of the pandemic, many people have lost their jobs. The government is trying to "bring people out of the shadows" by offering citizens preferential tax regimes (4% tax on income in the next 10 years + a moratorium on changing legislation) Therefore, cryptocurrencies are unlikely to be criminalized. That's an excellent point, and it probably applies to a bundle of other countries, not just Russia. Tax revenues are taking a nosedive everywhere, all across the world. Offering preferential tax schemes is one way to soften the blow, if it can rein in tax avoidance and the informal economy to any degree. As an example, South Korea just revised the tax code, subjecting cryptocurrency gains to a 20% tax. In comparison, the tax rate on gains made on the transfer of stocks is 22%. One has to wonder if this preferential treatment is a tacit admission that the government has difficulty enforcing the tax code against cryptocurrency traders. It looks like an indication that they are hopeful to "bring cryptocurrency traders out of the shadows" like you mentioned. The problem isn't just cryptocurrency. In Russia, it is not customary to complain to the tax authorities about citizens. For example, my friend was engaged in the repair of household appliances for regular customers and did not pay any taxes. When he moved to Italy, he started this business in Italy without registration. A few months later, he was summoned to the tax office, issued a warning, given recommendations on registration, and warned that for the second time they would open a criminal case and deport him from the country. Investment in cryptocurrencies in Russia is not very popular yet, mining is popular only in some cities because of cheap electricity( for example, in Irkutsk 1 kilowatt costs 0.015 dollars, and in Moscow at least 3 times more expensive). Searching for all cryptocurrency users in a large country is very expensive for the country's budget, it is probably easier to offer them a favorable tax regime. |
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But as per article: That said, Russian legislators are planning to introduce another “special law” this autumn that could reinstate harsh penalties on Bitcoin dealings, as initially intended. classic russia---"nope, we're not gonna ban bitcoin, but we might ban it in a few months!"  when crypto legislation is finally passed, i think it'll be relatively tame, like it was in china in 2017 after years of prohibition threats from the PBOC. they'll probably just codify the existing implicit ban on exchanges. maybe they'll whitelist some, or start regulating miners. there is lots of opposition in the government from multiple ministries towards criminalization, and frankly putin doesn't seem too concerned either way. classic press .. The Russian press must be read correctly .. old Russian anecdote: — Правда ли, что шахматист Петросян выиграл в лотерею тысячу рублей? — Правда, только не шахматист Петросян, а футболист «Арарата» Акопян, и не тысячу, а десять тысяч, и не рублей, а долларов, и не в лотерею, а в карты, и не выиграл, а проиграл. https://ru.wikipedia.org/wiki/%D0%90%D1%80%D0%BC%D1%8F%D0%BD%D1%81%D0%BA%D0%BE%D0%B5_%D1%80%D0%B0%D0%B4%D0%B8%D0%BE#: now I will try to translate it: - Is it true that chess player Petrosyan won a thousand rubles in the lottery?
- True, only not the chess player Petrosyan, but the footballer of Ararat Hakobyan, and not a thousand, but ten thousand, and not rubles, but dollars, and not in the lottery, but in cards, and did not win, but lost.
Now in Russia, every 5 people work unofficially according to Rosstat https://www.rbc.ru/economics/05/09/2019/5d6e74fb9a794709eeba4f8cIn practice, the situation is even worse, and as a result of the pandemic, many people have lost their jobs. The government is trying to "bring people out of the shadows" by offering citizens preferential tax regimes (4% tax on income in the next 10 years + a moratorium on changing legislation) Therefore, cryptocurrencies are unlikely to be criminalized. |
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I read the tax laws of other countries and I understand that Russia has one of the best tax laws. In Russia, tax is paid only after the exchange of cryptocurrency for fiat. If you read US law such as IRS Ruling 2019-24 (specifically addresses cryptocurrency hard fork and airdrops tax treatment) https://cryptotapas.com/irs-issues-guidance-on-cryptocurrency-hard-forks-airdrops/then many American citizens will be forced to suffer huge losses if the information is written correctly. |
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I have read a lot of criticism of government pension funds. Pension funds account for a lot of public money spending. But in every country a citizen is entitled to a minimum living wage. It is very important. Cryptocurrency rates are very volatile and we have no guarantee that Bitcoin or any other cryptocurrency will have a price in 10 or 20 years.
You need to understand that investing in cryptocurrencies carries huge risks. There is no problem if you invest part of the saved money in cryptocurrencies, but investing pension money is very dangerous. If the cryptocurrency rate depreciates, then people will be left without a pension.
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this is what is expected of a country where the president has been on power for years and his people are watching this horrible movie and they do nothing to change it. What I don't understand is because in the article it says something like:
"Russian Lawmakers Finally Pass Country’s Major Crypto Bill"
expected a different result from russia?
Duma is dominated by United Russia who also dominate everything, I ask again: did they expect different?
It is very difficult to discuss the laws of a country in which you do not live. Initially in Russia there were many negative projects at the legislative level. There have been proposals to completely ban cryptocurrencies and to criminalize their use. Over the past 3 years, a powerful shadow market has emerged in Russia. Ego participants did not even break the laws, because there were no laws Cryptocurrency is not taxed in Russia, if a citizen received income after exchanging for fiat, he must pay tax. View cash exchange limits in Russia 74,4 rubles = 1 dollar https://www.bestchange.ru/bitcoin-to-ruble-cash.html |
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I would suggest that you familiarize yourself with decentralized exchanges that do not require KYC and registrations. Uniswap https://app.uniswap.org/#/swapKyberswap https://kyberswap.com/swapWhile you will see a few downsides in the form of large commissions and slow trades, but you retain complete control over your funds and other parties cannot influence your trades. |
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