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1  Bitcoin / Legal / Re: UK banks ban crypto purchases on credit cards on: February 06, 2018, 08:08:04 AM
The world is still at an early stage of crypto adoption. This type of preventative measures reflect real fears of banks worldwide - both of the existential threat that bitcoin represents, but also of the short term fears of the volatility of the crypto investments (they don't want people defaulting on their credit). The good news is that such early measures are part of a natural progression: it is clear that cryptocurrencies are here to stay (and that they will have a dramatic influence on our economic world). As such, as the fears subside and people start viewing the currencies responsibly, more sane policies will arise.
2  Bitcoin / Legal / Re: Why has China declared war on bitcoin and digital currencies? on: January 28, 2018, 09:06:18 AM
It is definitely that there are a major problems in the economy of China, due to the existence of Bitcoin and other currencies in the market. Moreover, this has led to preventing the use of all digital currencies in this country.

In addition to that, the government of China has tried many times to break the progress of bitcoin and it has not been able to achieve that goal. In my opinion, if many economic crises occur in the coming period, then it is sure that china will recognize all digital currencies (I think it will be achieved in the near future) .

China's position is two-fold. First, regarding their recent clamp-down on bitcoin mining, the government is fearful of an overload on their electrical infrastructure. Second, regarding cryptocurrencies in general, the government is simply fearful of a loss of central control (as they always are). Surprisingly, the idea of crypto itself doesn't scare them - they are creating their own government-issued cryptocurrency - but they are fearful of the use of external coins to transfer money in and out of the country beyond their watch, and the ability of individuals to amass wealth without their notice.
3  Bitcoin / Legal / Re: Is Bitcoin Legal in India? on: January 22, 2018, 06:31:06 AM
Hey, I just saw this article posted on cointelegraph, although it appears (based on the user comments) that its veracity is not so clear. Does anyone have any information about it?

https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts
4  Economy / Marketplace / Re: I created a website that ranks cryptocurrency exchanges based on Twitter data on: January 15, 2018, 07:29:22 AM
Hi, I just published https://topcrypto.exchange, a website that ranks exchanges based on a sentiment analysis algorithm that analyzes mood from tweets. It currently has all the data from the beginning of December, and the scoring will get better in the future as more data gets collected.

The system is still very much in development, but now I'd want to get some feedback. There are still more features, exchanges and currencies coming.

Disclaimer: the site contains some affiliate links, but they do not affect scorings or site functionality. They're a better way than ads to keep the servers running.



Cute Idea! However, you need to add more weight based on the number of tweets pertaining to the ICO. Your top rated company has a score of 89% but based only on 9 tweets. I would think that a company with a lower sentiment score but based on thousands of tweets should be more reliable and trustworthy. Also, does your algorithm diffrentiate between unique users?
5  Local / עברית (Hebrew) / דיון בועדת הכספים בכנסת on: January 09, 2018, 08:48:36 AM
אתמול, בועדת הכספים בכנסת, היה דיון על נושא הקריפטו וצעדים רגולטרוים של הממשלה בעניין.

חה"כ הרצוג אף התייחס לנושא והעלה את הסרטון הבא אצלו לדף הפייסבוק:
https://www.facebook.com/IsaacHerzog/videos/1668428236533467/

האם מישהו מכיר מה היה ומה סיכמו בדיון?
6  Bitcoin / Bitcoin Discussion / Re: Btc good experience for young people on: January 08, 2018, 07:37:18 AM
What is truly special about bitcoin and other cryptocurrencies is that they offer access to wider population groups that previously wouldn't have such opportunities. I agree that some basic investment experience is educational and beneficial for younger people, but what is amazing with bitcoin is that such experiences can now be available to people around the world with a relative ease of access and entry.
7  Bitcoin / Legal / Re: Regulators banning bitcoin companies from the stock exchange on: January 04, 2018, 11:21:27 AM
Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?


There is no such policy until now but my country(India) is also issuing same guidelines it is continuously disregarding trading. It is continuosly issuing guidelines and warning people to not be attracted towards cryptocurrencies. I am afraid that soon India can also come up with a similar law regarding cryptocurrencies.

Interesting, what do you mean by guidelines though? Are there actual regulatory or policy actions in place (or even legislative), or is it mostly just hostile discourse by politicians?
8  Bitcoin / Bitcoin Discussion / Re: Will 2018 Be The Year of Regulations? on: January 02, 2018, 08:09:43 AM
your are kind of demonizing the word "regulation" specially with your picture alone! and I don't get why?!

regulations are not always bad. look at Japan and their regulations that helped push bitcoin from $900 to over $5000 in only a couple of months. and in addition to that it led to hundreds of thousands of merchants accepting bitcoin around every corner in Japan.

what you are saying is a couple of restrictions that are sometimes even necessary to exist in order to prevent crimes such as money laundering. and most of the things you mentioned such as AML/KYC are inevitable since bitcoin and exchanges are tightly involved with fiat!

As with any new technological development in the financial/business realm, governments find themselves  chasing after the innovations with a delayed response. Same thing with cryptocurrencies now. I think it may be safe to assume that - at first - regulations may be irrelevant or problematic (due to not comprehending the crypto scene correctly), however, in the long run such regulation can be improved and help develop public confidence in cryptocurrencies.

This could increase investment and public use of cryptocurrencies and blockchains.
9  Bitcoin / Legal / Re: tax. questn on: December 31, 2017, 03:40:02 PM
Note, the taxes depend on the legal regulations within each country. What country do you live in? Also, it is important to note that generally taxes are on the sale of cryptocurrency
10  Bitcoin / Legal / Re: Taxation on Bitcoin transfers on: December 29, 2017, 07:25:33 AM
I would agree that taxes are imposed on bitcoin transfers. If the tax is levied on the count of bitcoin income each month and takes a few percent for it, it will be a bit of burdensome. Better taxes are imposed on bitcoin transactions, for example 1% for each transaction.

Perhaps, although (and has been noted above) if the tax is too high for the transfers, the incentive to hoard the cryptocurrency increases and a fundamental principle or ideal of Bitcoin is hurt.
11  Bitcoin / Legal / Regulators banning bitcoin companies from the stock exchange on: December 28, 2017, 03:25:23 PM
Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

12  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it safe to participate in ICO's? on: December 26, 2017, 06:53:15 AM
In General "Picking" an ICO is no different than "picking" an investment. But, you should do more than that....

As with any investment, you should take the time to research the company/idea to get a feel for them and make a decision based on how you view their chances for success are. Every investment has inherent risks, risks you can mitigate through good research.

For ICO, it is not just to have the perfect team with execution track record and of course to have the most disruptive idea that will impact the world, but moreover you should look carefully at their advisory board.

If the advisory board members are not just ones that were picked up along the process, but rather high rank officials from the non crypto world who cares a lot about their reputation and are afraid to be referred to a scam ICO, if those guys are in, it means the company/team/idea is worth looking into them.

I would add that the more advisory board members you have from the old world who highly care about their own reputation, the higher confidence you get about this ICO. so it not just elated to one guy in that advisory board...

Moreover, try to check if the company really cares about the token holder by reflecting true transparency before and after the ICO to make sure this company if the real thing!!

13  Bitcoin / Legal / Taxation on Bitcoin transfers on: December 21, 2017, 04:40:50 PM
Hi all, I live in Israel - a country with relatively high regulation and tax rates. A recent article shows how bitcoin transfers may soon reach taxation rates of up to 47%! I’m wondering how that compares to other countries?
https://www.themarker.com/opinion/1.4727995

Are there any countries with higher rates?
14  Bitcoin / Project Development / Re: Blockchain project starting from scratch? on: December 21, 2017, 03:53:18 PM
Hey, I’ve just begun a side project through my work (we’ve been reading material online as well as been receiving some external advice from friends with blockchain experience). Can you be a bit more specific as to what type of project you are looking to start? Are you looking for technical help or more conceptual advice?
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