Lol! No! Never!

NFTs are anyways useless! But when it is generated by AI, that literally means no effort has gone into creating that particular piece of shit. No human effort at all which makes it a bad investment already.

Regardless of the backing, that's useless and AI can generate the same image once again. So there's no guarantee about it's uniqueness as well. So I would not invest in such NFTs ever.

Using blockchain for KYC is not at all the first step towards bitcoin adoption. Blockchain implementation has a wide number of use cases and most of them are not even related to cryptocurrency. There are states in my country using blockchain since last 4 years for issuing birth certificate.

Implementing blockchain for KYC is just a sensible thing to do. I don't think Pakistan will ever adopt bitcoin. But considering the current economic situation, anything can happen!

I will be honest!

When it comes to P2P trade, I won't use a decentralized exchange because the potential for fraud is much higher. I wouldn't know what kind of money I receive in my bank account and from whom. That's the challenge for P2P trades. I will want a verified person to send money to my bank account so that I don't have to deal with any issues later on. I am not saying that centralized exchanges do not have such risk, but the possibility is quite less.

The centralization vs decentralization debate will go on forever. But for my own financial security which involves fiat, I will avoid anonymous platforms like Bisq. If it's just a matter swapping my coins to some other cryptos, then it should be fine!

My two satoshis! NFTs are just bullshit and makes no sense at all. Just a bunch of spammers in disguise of creators, trying to play games on digital contents.


I don't see any possibility for now. But if this becomes a madness, then it needs to be eliminated. But unfortunately that's not how the decentralised network works. A serious amount of efforts need to be taken before getting this done. I will still request to wait and watch for couple of days.

@Virasog

Nope! It's not a good idea for commoners like us! CBDC will take away whatever little anonymity we still enjoy with fiat money.

Also CBDC is not an investment or anything similar to crypto stablecoins. So people who are parking their surplus funds in stablecoins, are highly unlikely to move out of that comfort zone to CBDC which is strictly regulated by government.

It's super high! But ATM owners are running a business that requires a huge upfront investment so they need to recover the money from those who are using it. That sums up the reason for such high fees. Going forward, ask your cousin to buy bitcoin using an exchange like Binance and send it over to your bitcoin address directly. That will be much cheaper. But yes, she will have to do a KYC verification before she is allowed to do such transfers.

Honestly, bitcoin ATMs are not worth anything unless there is a huge emergency. For normal use, take the route of exchanges which will save both of you a huge sum of money from the fees.

Legal framework by the government. This is the only thing needed for bitcoin to become the mainstream payment method. Otherwise no matter whatever innovation is happening around bitcoin, it won't become a mainstream payment method, ever!

People still trust the governments and their backing. So unless it is in place, nothing would happen and bitcoin will remain as a parallel economy.

Crypto staking gives you a fixed IRR but investing in dividend stocks give you varied returns over a period of time. I am always in favor of getting the best of both worlds. That's why my monthly investments are divided between crypto, stocks, mutual funds, Paper gold and insurance payments. So when one sector goes down, the other sectors can support my investment.

There is a trick to pick up good dividend paying stocks. From the exchange data, see the companies where they have stakes from government. Government invests in companies for dividend income. So when you will see investment from government, go ahead and buy them. Dividends will be guaranteed!

Do you mean any project built around bitcoin or are you referring to bitcoin only??

Bitcoin is just 14 years old and still going through a stage where it has not yet matured. Not many legal frameworks are available around it and banking organizations are actively trying to terrorize people against it. So it's no wonder that you are seeing people falling out of the race every now and then. That's normal and shit happens with every new innovation.

I trust bitcoin more than my government! I hope it gives you the answer you are looking for!

There are multiple exchanges available to convert bitcoin to fiat. you can do it through p2p trade, you can send it to any exchange which supports your country and sell it to them. You can connect with any local trading group that can exchange bitcoin for you.

If I speak from the perspective of my country, then the options are -

Paxful (P2P)
Binance (P2P)
Bitbns (centralized exchange)
Wazirx (centralized exchange)
Coinswitch ((centralized exchange)

However, I am not endorsing any of these companies. Please do your own research before using any of them. Now once you have exchanged the bitcoin to fiat, keep aside 30% of the transaction value for tax purpose.

A sample size of little more than 2000, doesn't really gives you a correct picture to be honest. But it is still encouraging to see that 29% are willing buy and 20% are already holding bitcoin.

It all takes to have a favorable legal framework to encourage people to get into the crypto market. As of now, US didn't say anything strongly negative about cryptocurrency. If this changes, then the ratio of willing people would change too. But overall the data is encouraging for sure!

Regulation is usually not good, especially for cryptocurrency market. However, when it comes to stablecoin, I would support the regulation because that would essentially force the issuers to establish proof of reserve. That will help to bring back trust into the stable coin market.

Since stablecoins are not decentralised, regulations might be needed to ensure that user's get the assurance of trust!

I really do not have a great expectations from this year's G20 meeting on crypto regulations. The Central Bank of India really negative about it and they are probably going to present the case in a negative way which in turn create negatively among the world leaders.

As long as crypto is not banned and the governments do not impose a blanket 30% tax on it, we should be ok. But not keeping any high and positive expectations.

Bitcoin indeed has multiple benefits. But when it comes to provide banking to unbanked community, I don't think bitcoin can help in a big way. It can definitely help to some certain extent where internet is available and bitcoin related financial education is available. Which is not usually the case for unbanked community.

Also cryptocurrency is a grey area for many governments, still. Unless and until we see a legal push from the government regarding inclusion into the economy, might remain as a bottleneck.

Absolutely yes! It is already in my retirement savings. I do have a day job and earn salary income. So whatever I earn from my signature campaign, goes straight to my savings only. And I do not usually sell off the bitcoins unless there's a huge emergency.

Bitcoin can indeed give a huge return if I can hold it for the right amount of time. But I am not sure about my government whether they are going to allow bitcoin in the country in a few years. So the entire thing is still uncertain.

Airdrops and ICOs are dead. They do not make sense anymore! The crypto community now understands that there is no need for thousand different coins for thousand different tasks. All can be done using one cryptos only. That's why new coins are not seeing much success unless it is bringing in some drastically refreshing ideas.

So I have stopped taking part into any airdrops or bounties long back. It doesn't give any value for my time and effort.

Customer acquisition is the only thing I can think of. Businesses will be more than happy if accepting cryptocurrency payments will help them to find new customer base. Otherwise crypto payment option is a risk to the businesses purely due to the price volatility.

Last week I had to renew my hosting plan for my business. This time I have ditched my usual hosting service provider and went ahead with Hostinger because they were accepting crypto payments. So I purchased a hosting plan for 4 years. That's what I mean by customer acquisition.

I won't go into a debate but I want to present you all with some facts. total 22 African countries are living in poverty due to a draconian law known as - the Franc of the French Colonies in Africa!

https://en.wikipedia.org/wiki/CFA_franc

It's a draconian law that ensures that France remains one of the richest countries in the world. In March 2008, former French President Jacques Chirac said:

“Without Africa, France will slide down into the rank of a third [world] power”

reference: https://www.linkedin.com/pulse/14-african-countries-forced-france-pay-colonial-tax-benefits-arnold/

So it's great for the African nations to adopt crypto at all levels of society and also they need to encourage its use to move out of the evil eyes of the French government. Only and only cryptocurrency adoption will save their fortune and keep the power themselves.

That's fair from the perspective of IMF. They pretty much work as a bank for the nations. They pool billions of dollars in lower interest rates and lend that money to the countries at a higher interest rate and earn spreads. That's pretty much what they do! So they are acting like any other commercial banks when it comes to crypto currency. Majority of the commercial banks have a negative view of cryptos and IMF is no exception. That's fair from their part.

Does that mean crypto industry will slow down? Oh hell no! We are far more resilient now from any such comments from any big businesses or personalities. We just don't give a shit anymore!

Lovely! Absolutely right direction! Firstly the need of a stablecoin is not really clear when we have decentralised cryptocurrencies available in the market and the stablecoins are absolutely centralized.

So when it is a centralised coin and the issuer is promising a certain value in it, it must be backed by some real world asset. So what Israel's Central Bank proposed, makes complete sense!