Right on time, just today only I shared a news about Indonesia and their Trade agencies looking after the Crypto exchange launch as early as June 2023. Basically it is going to be Crypto Exchanger owned by the Indonesian government thus making their government closer to adoption of the bitcoin/crypto currencies. This is definitely one and the same thing because they are directly allowing their nationals to use the crypto currencies along with the share market assets. I think we can safely add Indonesia as one of the country which will have their Legal tender passed on for the adoption of bitcoin this year. FYI: they are already working on five different exchanges and they have financial bodies acting as escrow for the same making sure crypto exchanges run smoothly within the country. Source: https://bitcointalk.org/index.php?topic=5437925.0or direct: Indonesia targets launch of its national crypto exchange by June |
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Very smart move from Indonesia to attract crypto investors, customers and businesses. The fact that they plan to act as a custodian for crypto exchanges that operate in their country means that it adds an extra sense of security to use Indonesia crypto exchange because its backed by the government.
I don't know if its done only for local exchanges that operate only in Indonesian market but if they plan to help their exchanges operate worldwide and strengthen the security and offer some guarantees to its international customers, definitely a smart move but the fact that it's Indonesian will be a little bit restrictive factor because the country doesn't have that much reputation in overall to my mind.
As an Indonesian citizen, I welcome the decision made by the Minister of Commerce, but there are a number of things that must be confirmed before crypto users use the exchange they are planning to create, that is the set fee and also the tax because the purpose of making an exchange is of course to make money. I myself prefer using Tokocrypto because that are a child of Binance Ahh, good to see an Indonesian here and I can already see happiness from your thoughts. It's but obvious that we can get more than happier and proud if our government's start doing positive stuff about the crypto currencies. Until now we have see full legal tender in western hemisphere and now from Asian countries such news is really another level connectedness for the whole thing. It's always start as small beginning. Lets say today Indonesia adopts it fully and neighboring countries start seeing the good developments and positivity, then eventually they will also follow the trend and try to be in the market for the same - after seeing their financial goals off course. The news seems good, but I am surprised that the government is the one who will launch this platform. This will be the first government platform for cryptocurrency exchange in crypto history. This raises several questions about the seriousness of launching the project and the prospects for its success.
In all the experiences of other countries, the government legalizes the sector to open the way for private investment. Originally, most of the governments of countries do not have sufficient experience or experts to support a service with this technical sensitivity. I do not expect the platform to be popular with Indonesians, especially since there are five other platforms they can use .
Yes, most probably they are first one to have Government owned crypto exchanger. There are many of them with their own digital currency / few tenders here and there through private adopters but I hardly think of any Government who developed exchanger all by themselves and asked their citizens to wait for its utility platform to launch. |
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With the positive note from Indonesian Ministry of Trade, they are hoping to launch their own national crypto exchange. So this is nothing like their own digital currency but fully functioning National Crypto Exchange which will be under direct control of Indonesian Government. This is positive because Indonesia wants individual and businesses to get involved with the crypto market alongside the stocks and shares and thus dont want to be left out of any kind of market. Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022.
Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening of Crypto Literacy Month in Jakarta, noting that the government is currently reviewing which companies meet their criteria to become part of the exchange, according to local reports. Government even wants their public to be actively involved in the same and has asked to be patient about its launch. The government is also as excited as any inidvidual would be about the Crypto exchange like this and that too backed up by Government itself. According to the source, the clearing house of nation is involved as escrow thus securing all the trades between buyer and sellers. I think these are some of the good steps that every nation should follow while preparing their own budgets everywhere. It could really take the crypto in right direction and can work alongside the normal assets. There are five active crypto exchanges that are currently registered with the country’s regulators, and according to Zulkifli, the ministry’s crypto exchange could encompass all of them.
While these exchanges are currently facilitating all trades within the nation, the ministry’s exchange would act as a clearing house and custodian in the local crypto market.
A clearing house is essentially a mediator between a buyer and seller, ensuring the transaction goes smoothly. At the same time, its role as a custodian would see it manage the movement of assets between the two parties.
The trade minister urged the public to be patient with the national crypto exchange, saying: “Let us not rush because if it is not ready, things will get messy. The government does not want this to massively take a toll on the public because people do not know much [about crypto trading].”
As previously reported by Cointelegraph, Indonesia had planned to set up its crypto exchange by the end of 2022, but it was delayed due to a number of obstacles. Indonesia targets launch of its national crypto exchange by June |
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Transferring around monkey jpegs and/or porn images on the network is a pointless waste of energy.
 This got me dead man, laughing hard. Finally someone with all the energy bursting out about how NFT's are making fun around the internet. I am also till date finding that sweet spot to understand what interests people more, the bored ape monkeys or just he money that they might make in the future? Definitely not the art but it's all about money and that is why it got dragged all the way up here. Otherwise NFT was worst idea. It just got pumped because of the guy who made millions of dollars by combining few hundreds digital photos into single one. Lolz. You never know, what surprise might come along the way in crypto. May be in some years we will be buying stars and planets with the crypto sitting on the earth itself.  Bitcoin should be kept clean as it is. Let it prosper with the Satoshi's idea of free monetary outflow and inflow. |
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If you are into a local business and accepting bitcoin for payment how much discount are you giving up for your buyers? 1%? 2%? How much discount do you think is ok for your business and won't affect you? Right now I am sure that many people are accepting bitcoin in their business as there are many posts about this, I also read that discount is an effective way to make people want to pay with Bitcoin.
Isnt the discount would be similiar to what would you give when its in the fiat value? For example, if a TV is having discount of 5% on $100, then I would simply give the same discount over BTC price or converted prices. It's just two different currencies and nothing else. There is nothing special about it I guess? We should consider both of them same and apply the same discount as merchant. Just to attract customers to pay in bitcoin I would never give extra discount in BTC since its very volatile asset and I may incur with more loses than profits for accepting the bitcoins. Besides the fact that I will be grabbing more BTC on daily basis. So whatever is discount on the fiat value, should be the discounted offer while accepting the payments in the BTC currency. Keep it simple. |
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There are tons of casinos which will pay you as affiliate. My favorite is BC games and Roobet. Somehow their affiliate program are high paying and are based on the levels. They wont pay you straight up for referring others but they will pay you based on your level in their casino and also the level of the person you referred to. This is gradual but rewarding. You will get higher rewards as the level goes up and this is to keep the engagement with the casino at highest and false sign ups next to the zero. But do checkout them and I can vouch for the quality earning that you will get over the time. However, for BC games choose it wisely, many people think that they have some bad reputation. But somehow their marketing budget is huge. Choose wisely and play wisely when it comes to the gambling.
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Nahh, I dont think this is true by any means, Stocks is life for billions of people mate because of what it gives them in return. There is no comparison to the stock market and the amount of money that is invested into it. In front of the stock combined market value bitcoin is nothing and it can not attract all of them at once. Yes there is impact, and one of the greatest one but it does not mean the popularity is shifted towards the bitcoin.
There are big companies, big assets, big infra and businesses running on the public shares, people love it, people want to see that growth in the company they invest. They want to see their money grow crazy. There is different energy mate. So I respect bitcoin but we cant always choose it as the bestest.
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This gotta be fun to read for the bitcoin maximalist. Considering the fact that bitcoin has always shown some moves according to the share market and also as per FED's various decisions on the economic circles. They have always lowered and hiked the interest rates in the market depending on the requirements of collections and how stable / unstable is the economy. The previous rate which was about 4.5% is now surged up by 25 pts making it 4.75%. That may not seem much, but it's huge different for various sectors and it could impact the share market strongly. Meanwhile, bitcoin which hiked through few weeks, does not get impacted by this news at all. It is kinda disconnected itself from the share market movements and also the FED's footsteps. This is way way good for bitcoin adoptions since it is what needed in crypto space - a peculiar stability against the decisions of various financial authorities and government bodies. Specifically from the country like USA. Bitcoin and the rest of the cryptocurrency market has held steady following the Federal Reserve’s announcement today that the central bank has hiked interest rates by 25 basis points.
The move, which aligned with market expectations, raises rates from 4.5% to 4.75%, the highest the federal funds rate has been in decades. The Fed began aggressively raising rates last year in an attempt to cool record-high inflation, which has negatively impacted the value of stocks, equities, and crypto assets.
CoinShares Head of Research James Butterfill told Decrypt that the Federal Reserve’s statement today added “nothing new to really move the markets.” Federal Reserve Chairman Jerome Powell “has tried to express hawkishness by stating that the job isn't done, but the markets aren't buying it,” he added.
But the U.S. stock market, which digital assets have followed this year and last, dropped then jumped following the news: at the time of writing, the S&P500 gained 0.2%, while the Nasdaq rose 0.2%.
“The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time,” the Federal Reserve said in a statement.
“Inflation remains too high,” Powell said in a press conference Wednesday. “The job is not yet done.” Bitcoin Holds Steady as Fed Hikes Interest Rates Again
The Fed has raised rates by 25 basis points, meeting market expectations. |
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The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits.
Lesson learned? What lesson? Official story is that: 1- Elon invested in bitcoin long term ... as it turned out later, without checking what bitcoin is and how it works. 2- Elon did research bitcoin and find out its not environment friendly XD (after initial investment) 3- Elon FUDs bitcoin 4- Elon shill shitcoin like cumrocket 5- Elon post "diamond hands" 6- Elon dump at loss So bad timing is not the whole story... Being a dumbass or market manipulator with fake official story or on drugs is much closer. Elon can only be seen as worst manipulator in the market and nothing more. Yes he has billions of dollars worth assets but he should not put the trust of his investors and fan in jeopardy like this. He has done untrusted and irreversible damage to the crypto industry with his actions. I mean crypto was very good before that, and no one was thinking about shitcoins / memecoins before and all the investment was focused on the bitcoin or eth max. One day dude creates trail of tweets and also shows up on the Saturday Night Live to stop the heartbeats of millions of fans around the globe. What he does? Just few statements about the bitcoin and doge and just leave after cracking some jokes. That was the lesson actually, you should not believe anyone from your heart and make investments. Its money, it should be traded wisely. |
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Definitely when we go for the new mixer services and when we are fighting about centralised and decentralised Mixers, we can always check the FAQ or detailed privacy policy from the mixers to understand what kind of data they are able to track and what are they deleting when we use their services. Honestly, you have to have two way trust when surfing the internet. If you just visit the FAQ section of YoMix! then you can check out following question which lets you know that they do not store any data, and delete everything.  To add on to our safety and privacy one can always follow some logical steps. For example, using entirely new address to get our coins. This is also mentioned on their FAQ, and it is users duty to pre-check those for better privacy.  I have found most of the answers that we were discussing on their details FAQ pages. /en/pages/faq]Check it out here! |
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In twitter, Roobet's official account post an image where Mr.Roo is paint himself with military armor and riding a horse. Based on the tweet something big will happen in next month and the hint is colorful, what does you think? My guess it will be a Valentine's day.
Does Roobet will launch another art contest? but the last contest the theme is valentine, so I don't think it will be valentine again.
I do agree that it is going to be regarding valentines day, but the armor put me off a bit. I remember last year on valentines day they had another image competition and the participants got so much reward, like ten thousand dollars or something if I am not wrong, which means that they should be looking to do something similar. However... armor? Like is that some sort of "knight in shining armor" type of thing? I am not entirely sure what the connection between the armor and the valentines day would have in common to be fair and I was lost there. Maybe it is something else, maybe it has nothing to do with that day and instead just a contest regarding images again but for something else? Great we are already missing the art contest isnt it? Actually it struck my mind after reading this thread only and you guys are right that we need to have art contest because Mr. Roo needs to find his lost princess one more time! It's been long since art contest for Roobet and it's frequency has fallen a bit. I think they have shifted their focus more on the sportsbook and it's marketing. I also kinda started missing the Games and Rounds from the Roobet. They used to have them a lot around, making their vital presence on the forum. Anyways, at the end it is the decision of Roobet management whether to have this art contest or not. However, as fan of Roobet, I would vote plus one towards this matter and believe they will have the decision made soon. |
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Two sizable cryptocurrency banks, namely Silvergate and Signature, borrowed money from the US home loan banks because of the liquidity crisis, especially after the FTX crash, many people withdrew their money. Maybe for Signature and Silvergate there is no other way to increase liquidity power other than borrowing money, otherwise they will be threatened with bankruptcy right in front of them. What do you think about crypto banks lending money to fiat banks, will this be bad, good, or will nothing happen for the future of crypto? SourceWell straight to the face it does sound good for the crypto banks. However, the question is how are crypto banks able to stabilize their asset growing in such volatile market? If high withdrawals started more often from the crypto banks then they will surely have recovery burden. Everything matters, when the money will be returned, what are the interests that are being levied on them, whether the time frame and interest matches the current volatility at all? Though banks will have these questions covered, then also it's serious one for crypto related assets. Mortgage banking in US is a very unstable market. So they always keep on finding alternatives to sustain their business. Because with every interest rate increase, they see an increase in their NPA. I am glad that these traditional mortgage banking companies have agreed to lend money into crypto businesses. That's a drastic shift in their ideology.
Even though it's not good as we always want to keep the crypto market separate from the traditional market, I am delighted to see their willingness to support the crypto market during crisis.
Yeah, and that's the failed formula for most of the business. It creates looping interest burden on the borrower. To clear one loan, they need another and another and so on. This only goes until they go bankrupt and nothing else. Many schemes are also liable for failed borrowing in US such as people can skip few EMI's without any late fees or charges thus they are liable for the overburden on the shoulders of banks too. |
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One thing is for sure, bitcoin will always be less hampered by the external inflation. Bitcoin's programming is really breathtaking. It is made to be minted in such way that every four years you will have slow production of the bitcoin thus it will short the market severely. I mean the difficulty increases in such way you are definitely shorting the market by that technique. However, with the time the demand is always rising as the popularity of bitcoin keeps going up. The more it gets adopted and used on the daily basis the more it will stay away from the inflation. By definition things are costed many times more than the actual prices because the fiat itself loses the value. However, here bitcoin's supply and demand is such that it keeps the formula intact and goes without any obstructions over the time.
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That is major change. We can not really replace something that is being used since thousands of years in various forms and after few hundred years we have fiat in the form of notes and coins. Now I dont need to mention the history of these and to where and when they date back because we have already studied it in the basic history lessons.
Now, if bitcoin is in implementation then it has to wait for very long until it gets placed into hearts of every person on the earth. Besides it is a choice and not the legally adopted one. Let's just give it time and future will tell us what it is worth!
There were bars of gold, there were coin of gold, yet today we use it as choice for our trades. We have sculpted it's value into jewels and perfect store value and that is how it is known today.
In similar way, bitcoin has just started it's journey. We will know it's power in the coming years or decades may be!
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Is it possible for the same thing to happen to Mixing balance from YoMix? Can these transactions be tracked?
The only mixing service that would not come under the radar of centralized exchanges are those that do not really muddy the trail of the transactions making it easy for them to track the source and store up that data for future reference. The attack on privacy exists and involves all mixing or coinjoining services. Avoiding centralized exchanges would make transacting from mixers easier and without hitches. - Jay - Better to go with the wallet transfer to the mixer and then after receiving the newly minted coins, again back to the wallet. Anyways it will create new wallet as well thus making it sure we are not exposing our privacy that way. However, lets say we are using YoMixer, then it is evident that with coinjoining protocol large number of people will be doing this mixing and thus sharing lets say 0.50 btc. However, it is highly impossible to understand who got which satoshi / btc in the process thus making it more anonymous and it serves the purpose properly. In case of centralised, the system is bit flawed and runs with higher fees too. This is just personal experience though. |
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I think they mostly work as browser extension and that’s surely gonna take lot of space on the destination drive. Since wallet needs to synch through the blockchain it will take lot of space and may slow down the browser experience as well.
I don’t know, many of them might be liking it but personally it feels little insecure to use such wallets. I used MetaMask but left it because it feels someone is always watching my wallet.
The trend is growing because they want to give easy access to everything. However we are forgetting that these wallets were made for safety and anonymity. It can get accessed if we are on public WiFi or something like that. That’s just personal opinion
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Perhaps a vacuum would form which would allow other nations to seize considerable growth, if they were properly positioned to leverage the opportunity. Oh yeah, that one is real deal here and many nations are already on to it. US is really underestimating the power of other nations and they still think that they are in 20's while other nations are in their 1600's. I am putting this melody here because that what they are singing and will collapse real hard in the future. Debts can be harmful because american's are in the impression that they are getting settled even if they have the debts and they will get "used to it" in the long run. Imagine a situation where they go beyond breaking point, the day will come when US would have nothing but to survive on the reserves, try to call in other nations to invest on their land. Situation might come where they will have to give priority to the foreign nationals to open giants accounts, bring the money in, increase the investments in digital bonds in the form of lend assets. Anything is possible with the way they are going! |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
It's great to be visionary and think about the best and worst possible scenario along the way. However, halving is one of the process that is "defined" part of the bitcoin and its on going life cycle. You can not change it, you can not reverse it, it was programmed to sustain the bitcoin for decades to come in that way. It's simple, every time halving occurs, rewards are dropped and difficulty is risen which make the market short of sudden supply of bitcoin as compared to what we had before that cycle. Thus, it affects the pricing, there are more asker and than giver at all times in the market. Now, coming to the 2024; the fear is not new. If above algorithm was well planned by Satoshi then it will work that way only because we have come so far and it's proven reality every 4 years. Plus, it's bad idea to always connect the pricing and halving. One can expect to have nothing on one day but unlimited cashflow on the other day. Thats what makes the bitcoin special about it. |
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I had 3 losses in a streak with the maximum winning probability chance of 94,06% and got rekt anyway. The odds are always against the player, doesn't matter how benefical they seem at first glance. That is why we should play only with surplus money, so nasty unexpected losses won't affect our budget and emotional too much. Never gamble an amount of money you don't know how long you are going to take to recover it.
Yes, these are called as expensive lessons for life and in fact everyone should get it once in a while. We never learn from other mistakes because we dont believe it until it happens to us. Now since you had such losses in streak you gotta remember that whenever you gamble with them. In fact I have also left multiplier now and dont play much due to losses. I feel like I am winning and over the time I start getting dragged into bonus play where they take equal amount to trade but I always lose in that game and end up losing everything that I have in my balance. Damn crazy stuff when it comes to gambling. Sometimes its really fun and the other time its nightmare. |
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That is because they have made proper propagandas of money makes money! They are not working hard, but they are working really smart in the current era. Their investments are in the form of their own company shares and thus their wealth is defined by how much people are willing to buy and sell. The more we invest into their companies the more they earn in the profits net proceeds. One more important thing, they are not suffered from the losses because they have management team behind arrangements of their expenses and anything that has money into its matter. It gets properly taken care of! Thats why they would worry less about the losses and focus more on generating higher revenue in return.
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