Another one bites the bait  States are quicker to make their moves than overall on a country-level. |
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Yes in past many people did not know about Bitcoin or dismissed it. Now it is big part of financial talks. People value Bitcoin for different reasons but its main growth has been as way to store value and as investment. Fact is that people want to hold Bitcoin instead of selling it shows this change. This is because Bitcoin has special qualities that make it good protection against inflation and strong long term asset. More people and businesses and big companies becoming interested have helped Bitcoin grow hugely. So main thing is Bitcoin is now powerful financial tool for future.
It's the same tool it was for everybody, the interest is just bigger. Everybody wants to gain profit from the hype around the chain.. |
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Is a 3-year gap not a small frame for you for things to happen? |
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^ They still find ways to hide their tracks though, with servers and off-grid electricity to avoid detection.
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You are right OCC is a key USA regulator and they supervise banks that means anything coming from them carries real weight and if they are considering Blockchain and talking about cryptocurrency then we are going to see a massive adoption from the banking sector too, although they have to comply with SEC and FinCen too but SEC is already very crypto friendly now, not so sure about FinCen but they will also become friendly.
This is a big news in the mass adoption of Bitcoin and the banks controls trillions of assets and if they opened their vaults for Bitcoin then bro it is already 10x from current price, but I don't think they will talk or consider Bitcoin but they will adopt Bitcoin's Blockchain technology or any blockchain technology.
I would rather say they would implement BTC and crypto in their services, but not being too interested in the blockchain itself - and integrations with it, but we will see. |
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Thanks for the heads up, I will definitely watch at least half of it. The company seems fun From the first minutes, I can say that the case is truly that BTC is something so different from anything else that everybody who is not familiar searches for patterns: it's digital gold, it's kind of digital stocks, and so on.. |
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El Salvador was the first, and the second was the Central African Republic (CAR). But both of them no longer treat Bitcoin as legal tender. In El Salvador’s case, it was mainly because of pressure from the IMF. And it makes sense, because when Bitcoin is legal tender it’s supposed to be accepted everywhere, but many businesses in El Salvador didn’t see accepting Bitcoin as convenient.
So I think it’s not really necessary for Bitcoin to be a legal tender to gain adoption. Even with its current status, adoption can still grow and that’s already good enough.
I agree, and smaller nations will always have the eyes of the IMF on them, because they love keeping status QUO as it is. |
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Could more be done to include the older generation?
Nothing more can be done to convince the older generation to delve into what they aren't interested in,just like you mentioned in your content that the older generation are very skeptical when it comes to exploring new technology.The skeptical ones might have reasons for being skeptical,many of them have been scammed by ponzi scheme,I could recall vividly about a ponzi scheme that gave a lot of people phobia about getting involved in any digital currency or investment.After that incident a lot of folks especially the older ones had trust issues in dealing with any digital currency.However, nobody knows what the future holds,as the world is evolving they might find crypto friendly. Some people change their ways eventually, it will be a sum of all the factors combined that would push some people from the older generation to dive deeper into the BTC, imo. |
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I think bitcoin leans more toward transparency, and decentralization. In this regard, bitcoin is already anonymous since not random people can know who send and who received the bitcoin. It serves its purpose.
See how XMR getting scrutinized by the government because it's too privacy and the market cap stuck forever. It only listed in lower tier exchange nowadays after XMR massive delisting.
I think bitcoin is good enough.
Govs just want to use BTC as any other entity that sees potential in it - although they do not care about its core values, they care only for the profit and how to achieve it via regulations and so on. |
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We might all be saying that this match will be in the favor of the visitors and it might turn out to be the opposite. No doubts that United is better than last season and they have improved their performance but they still have a weak mentality on winning their opponents if they have the chance of finding the back of the net. Whenever, they take the lead, they will feel relaxed for their opponents to clap back. City shouldn't be underestimated.
United will need a good plan to neutralize the threat from Haaland, while laso getting their own goalkeeping and attack to capitalize on it. |
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The China part is not true, they are deceiving the world pretending as if they don't care about Bitcoin but in the back they are accumulating Bitcoin, after united states of America, China is the next that's good at manipulation.
The administrative region of China (Hong Kong) for example is the home base of everything digital currencies and products, China is so into technology than every other countries in the world, they are living in the future and they know how good Bitcoin really is.
China bans Bitcoin today, and lift the ban tomorrow, they have been doing this since 2016 that I know about Bitcoin, one moment they show the world the hate they have on digital currency and the next they show some love again, it's all about manipulation
Do you have any convincing evidence that China is lying to the world and secretly accumulating bitcoins? Come on, they have been publicly banning the crypto industry since 2017, and there is no sign that they will lift this ban anytime soon. We don't have to fool ourselves into thinking that they value bitcoin, or that bitcoin is some incredibly important thing that any country should have. Are you wondering why Hong Kong is crypto friendly while China is not? Simply because although Hong Kong is part of Chinese territory, but they operate under the principle of 1 country 2 systems according to the 1971 treaty. That means Hong Kong has autonomy over financial and economic policy. They confiscated lots of BTCs in 2019, and who knows what they did with it in the end, other than just slowly get rid of it eventually. More research is needed, but, overall, I wouldn't be suprised if that was the case. |
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Definitely he is making this cycle more interesting, also giving calls to close ones, like it happened during tariffs.
Nah, trading / doing something because Trump said something in the news is a bad practice, better to avoid it. |
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Even after all these restrictions, if we see from growth point of view, it has broke all records.
I am sure that if he is watching the current status, he must be feeling proud of what he built. After internet, crypto is the most impactful discovery in my opinion which has impacted the life of millions of people.
BTC still breaks all records, adoption and price wise - and it will keep doing it, like a mechanism that's perfectly suited for its job. |
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Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.
So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.
The adoption is massive, and Satoshi would be very happy to see it, but he won't be much to see the involvement of centralized authorities making rules more strict for anyone to buy and sell Bitcoin. But there are tools that people can use to stay anonymous and where they don't have to care about the government, but those tools can be used by illicit actors, and that can impact the purpose of Bitcoin too. No doubt, it should be trustless and not controlled by the government or anyone who wants to move things in their own way, and to be honest, this is not what is happening really. They can't control it still; they can't freeze anyone's BTC. Those who have placed them in exchanges and ETFs know the risks and that their BTC can be frozen and misused by their platforms, but they still use them, so let them. If we understand the real threat, then don't use them, that's it. They can't control the price, even though we control the price, because still people hold more of the Bitcoins circulating in the market. It's the aftermath of BTC being open to everyone, big and small. Some day, everybody will want BTC for themselves - we are already on such a path toward it, and our custody becomes more and more important. |
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There are many who are using bitcoin to receive payments for their services. It is safer than alternatives like paypal for sellers. So, it is empowering them to sell services online.
Bitcoin is not limited to anyone and it can be used anywhere, that's the power of something that gives the most freedom  |
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One example on this was during the covid-19 height. The stimuli that have been printed like unstoppable for the aide to every citizen.
It's not only the citizens that have poured money to the Bitcoin economy but I guess also those who have a lot of money from their own pockets.
Government related and not. And that's one of the moments when we've seen that the more fiat printed by the government, impacts the price of BTC.
I didn't think about it, but maybe you are right: anyway, any crisis goes along with instability, and when it hits you, you buy gold and print more money that you control It's usually the case for everyone around the globe.. People don't change, and their systems - too. |
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Since I am not a US citizen, I don't follow the matter very closely, even though Bitcoin is universal and perhaps I should. But my question is: What's happening now? Where is this seized Bitcoin stored? In exchanges? Because I thought they were already keeping it in their own custody.
This year President Donald Trump signed the GENIUS Act into law which gave the US government the right to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. But government is yet to make any purcahse since the law was enacted. So only seized Bitcoins are in the government's disposal. In March this year a US top official claimed that the country still owns about forfeitured 200,000 Bitcoin. There is no clarity about how the seized Bitcoins are managed or where they are kept. But last year the government transferred about 19,800 Bitcoin to Coinbase Prime wallet.The Treasury Department controls the Bitcoin Strategic Reserve under a new law. Previously, the US Marshals Service sold Bitcoin at auctions. I also don’t know where the Bitcoins are stored or whether the Treasury Department uses accredited intermediaries, but the US Congress has also become interested  They smell the blood in the water and they flock to it |
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The situation in my country is kind of similar to what you pointed out with Pakistan. Things don’t stay the same for long. What was once illegal or heavily restricted is now slowly moving toward acceptance. It seems like no country wants to be left behind when others are adopting Bitcoin and blockchain. That’s why I think your closing question is really relevant. “is your country still against Bitcoin?” feels less and less permanent because we have seen how fast governments can change their minds when they realize the benefits they’re missing especially when it has to do with the global financial system.
More like especially when they understand where the profit is about to be made |
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China may not see bitcoin an a currency and they have in one way or the other banned bitcoin and bitcoin mining, but bitcoin is still mined by miners living in China and bitcoin is accepted by Chinese government as a property that their citizen can buy and hold even in the past.
I don't quite understand your idea. If mining is prohibited in China, then how do miners living in China mine? Or does this apply to non-residents of the country? They adapted and use foreign proxy servers to obscure their way of things. Also, they use off-grid electricity to avoid detection. That's why they still contribute a notable share to the hash rate. |
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^ Let's believe you are not, because there is a lot to gain from working with crypto from both sides: retailer and higher up.
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