Well, a lot of governments have planned to adopt bitcoin is some form or shape earlier as well. But not many of them have gone ahead and materialize the plan. So even if it's a good news that Liechtenstein lawmakers are planning for such things, it's of no use unless it's actually materializes.

Also amidst the current BRC-20 madness, Bitcoin users have stopped transactions. Not sure if it's a great time to start thinking of these lines. If it happens, it's good!

This BRC-20 madness needs to stop asap. This is making bitcoin almost unusable and thousands of transactions are affected. The current fees is way too high to handle and it makes no sense to make bitcoin transactions now. I honestly wanted to buy an e-commerce gift card through Bitrefil because I have some upcoming shopping list. I had to pay through ETH just because the bitcoin fees was too high.

I will be more than happy to vote if this will stop such nonsense with immediate effect.

Wow! Many thanks to Heisenberg_hunter for this good news! It's feels really great to win.

I am not worried about the delay. Please take your time. I fully understand the current situation of the bitcoin network and the crazy high fees. Many thanks everyone!

Stock market never promises a happy retirement and the other things you have mentioned in your thread. Rather stock market always says - "Investments are subject to market risk". What else can stock market do to be more fair?

Stock market is a long term game. I invest quite heavily into it and forgot the investments for next 10 years. Very moderately, I am sitting at around 20% net profit excluding the dividends which are another tax free source of income which I get every quarter. You just need to play it right to win the game!

Nope! That day will never come! Bitcoin will remain as the number one cryptocurrency even if some people prefer otherwise. This fees issue is happening due to the introduction of the BRC20 shit which is keeping the network busy. Bitcoin blockchain is simply not capable enough to handle such volume of transactions. That's why bitcoin is more lucrative as an investment and not as a method of transferring value.

It is indeed a drawback of bitcoin network but it wasn't built for BRC-20 madness. Hopefully it will stablize within a short period of time.

Please follow some basic rules to keep your bitcoin safe.

1. Never keep your bitcoin in a mobile wallet. Mobile is easier to hack.
2. Use a desktop wallet. Electrum is a good option. Ensure you have a licensed internet security installed in your PC or laptop
3. Don't use useless/porn website from the PC or laptop where you are keeping your bitcoin. Porn websites are the greatest source of malware
4. Have a separate wallet address for receiving payment which you can disclose to public. Separate out your main wallet.

This does not guarantee that your bitcoin will remain safe and the chance is higher for sure.

Transaction issues are temporary, it will go away in some time. But considering how US is taking actions against crypto companies since last couple of months, I don't honestly see a green light at the end of the tunnel.

I understand that US has a federal structure, but do the states have power to ignore a government controlled currency system? I am not sure but it seems states do not have an option here. It's good to see that call for adopting Bitcoin but avoiding CBDC, doesn't looks like an option for the state government and also for the citizens.

EV is just couple of years old technology so if we conclude the winner right now, that won't be justified for sure. Because the battery cell technology is still at a very basic stage and multiple research and development activities are ongoing to find a better and more effective battery technology. No one knows what will be coming out in the future and how it will benefit the current car makers.

A lot to happen in the EV market still. So what Warren Buffet is saying, makes sense! Unlike his other statements on cryptos.

You hit the right spot. Even though I had purchased multiple gift cards from Amazon and other eCommerce websites from a third party vendor but I really feel the pinch. We all know that bitcoin has the potential to go to a much higher price point. Just like the pizza guy could have been a billionaire today but he missed the chance.

I really feel that while purchasing something with bitcoin. But when bitcoin takes care of my finances during the tough time, I feel grateful.

That's quite strange! Because the owner announced their shut down and moved their users to a clone website. And now they are back. It seems wired.

I have just checked the status page and it seems some maintenance is ongoing and their trade function is out of service.

https://status.paxful.com/

I haven't logged in yet. I will wait for an official confirmation from the owner before resuming trading.

Don't be so sure! Bhutan is now under the influence of China. Also, it is a democracy now (even though on paper). It seems shocking to me as well because Bhutan is usually a very peace-loving country who don't want to get into many difficult things. So for them getting into crypto mining is shocking to the rest of the world.

Also, it seems that their parliament has approved a whopping amount of money to explore more options about crypto mining and set up the firm. I mean, it's good for them. because Bhutan has been so very much dependent on India for many things. Now if they are able to find their own way of making money, they will get the direct benefits. My only fear that they should not suddenly become an enemy of India by China's influence. 

The general perception of Bitcoin is still negative. I mean things are changing slowly and surely but we haven't yet reached a position where Bitcoin can bring in trust from the common mass. Honestly in many countries banks are actively running campaigns against Bitcoin. I often received Mailers from my bank regarding Bitcoin which is generally negative in nature.

Also the old age people are not much interested in knowing about technical innovation. The reason is very simple. This age group is not really comfortable in using computers. So Bitcoin is definitely very complicated for them. But things are changing, that's the only silver lining here.

I am leaving the speculation part aside because no one knows what's gonna happen. But inflation is a real issue here. FED is doing what they can do by rising interest rate. The basic math behind interest rate increases is to suck out extra money from economy so that people don't spend much to bring the demand down.

Now this is supposed to impact bitcoin in a positive way. Because with inflation, the purchasing power of the currency goes down. We still have time to follow Robert Kiyosaki. Invest in crypto and in God's money to safeguard your self from upcoming recession.

I am not sure what good you have found in closing down these websites. Obviously if they have actively helped scammers and money launderers, then it should be closed. Because we don't want such nuisance into crypto market for sure. But what their crime?

US government is going on a war against cryptocurrency related businesses it seems. This will force any future businesses to start their operation from a very different country where the law is favorable. US will loose out on it big time.

OP seems like one of those bitcoin puritans who thinks nothing can beat bitcoin. No offense but such kind of thinking doesn't help in any way. Inflation is an integral part of economy so inflation will be there even after 100 years if the civilization doesn't get destroyed by nuke war. Adopting bitcoin can't save us from inflation. Rather it may bring in disaster during a bear cycle.

It's not easy to overthrow a century old system which is very deeply rooted in human society. You want it or not, fiat will be here even when we won't be here. So adopt bitcoin but don't try to change the existing fiat currency system from its root. Bitcoin can't thrive without fiat. That is a very simple truth.

So the US attack on cryptocurrency continues! This clearly show the mentality of the government towards cryptos. In my country, government has imposed 30% tax without the chance of loss offset. So it's very clear that they want to discourage the citizens from crypto matters. US is also moving that way.

Thankfully it's still a proposal but won't take time to become a law because of FED's lobby. Well done US. Many other small countries will surely benefit from such law. Bhutan has planned for a 500 million USD fund to initiate crypto mining in their country. Just FYI.

I doubt that! IRS is not stupid. If the former CTO has direct/indirect connection with the entities where he had donated money, IRS is well capable of finding that. So I am sure a person of his status will do such kind of activities. Not at least for tax evasion. It's not so easy.

But one thing I am wondering about, why would someone speculate that bitcoin will reach a million dollar valuation within this time frame! That's pure stupidity.

This is an expected behaviour of a regulatory agency. It's not just in US, rather Central banks all over the world steps in when they see a need for stepping in to revive a bank. Economy largely depends on the circulation of money and that's why banks are important.


Nope! This is money getting circulated in the economy. FED is not expected to print money here. Unless they are printing new money, there's no impact on inflation to a huge extent.

I have considered that option but I believe Binance has some contract with Wazirx which is an Indian crypto exchange. I am trying to avoid Indian crypto exchanges to be honest. Can you confirm on that?

It seems the exit of localbitcoins has created a big issue for this market. It's like a jailbreak happened and all scammers are very actively trying to push their black to commoners. Not a good time for P2P crypto trading.

Adopting crypto is easier said than done. Countries usually do not like to depend on something that they can't control. That's the most important reason why countries are not adopting cryptocurrency at all. El-Salvador is an exception to be honest.

So no matter how user friendly a cryptocurrency is, it doesn't have any impact on its adoption. Common people may adopt a simpler crypto but that usually isn't the case for countries.