If this happens, i think it will mostly be because of the scams that have been going on unabated in the name if crypto-investments. Who knows how many people lost money in the crypto MLMs and token scams where actual salesmen were selling tokens to uninformed residents of tier-2 and tier-3 indian cities. It will be nearly impossible to nail the actual culprits I guess and the P2P traders would probably be the first ones to go.

It is a sad state of things really and this is a problem that governments all over the world would probably be grappling with. In a country like ours, the sheer size of population and aspirational behavior (greed?!) of its people makes the problem multiply manifold. If and when this purge happens, its going to be a major case of throwing the baby out with the bathwater.

Most people are talking about Altcoin's role vis-a-vis Bitcoin. Or whether its positive or negative. If we talk about what role they have played, I think Ethereum has played the most important role by actually making the concepts of smart-contract and Web3 popularized. Ethereum first came up with the bold claims about launching a decentralized world computer which would enable everyone to execute smart-contracts. Of course, the UI/UX, Speeds, scalability, trustworthiness, regulation, standardization etc etc all went to shit because of the ERC-20 standard.

The next biggest role of Alt-coins is the concept that somehow you can keep launching new blockchains with different architectures and consensus mechanisms and keep trying while getting paid to do all of these experiments on user's money. This has been one of the main roles. It has made it so easy to raise money that gangs of criminals and shadow governments (Read North Korea) are doing it all the time.

Propping up the N. Korean regime with the billions that they regularly hack/ fleece/ phish is also another main role altcoins seem to have played.

Finally, The minecraft wannabes like Decentraland made the concept of Web3 look feasible enough that Zuck almost committed hara-kiri with facebook/ meta in his attempt to ride the hype train. Hence, getting the world rid of facebook is probably one of their most important indirect roles.

Friends like to do some leg pulling whenever there is a chance. Gamblers doing that to an apparent crypto-nerd is just that. Then again, you invest not just money into Bitcoin, you also invest certain beliefs, adopt a certain mindset towards savings, cryptography and the difference that open source and decentralization could possibly make to the world.

When it comes to gambling, unless you are one of those quant nerds, i doubt there is anything fruitful to gain from putting money into it compared to Bitcoin. Its a cheap and risky adventure/ game for most. For the afore-mentioned professionals, of course it goes far beyond that. To conclude, it really just depends on the person. For some, investing and gambling will be the same, no matter what. For some, even gambling maybe a form of investment because they are smart enough.

Three things:

1. The inherent "Hustle" that is the core of American philosophy. that if you work hard enough you can achieve the "American Dream"

2. Their open-ness to immigrants and welcoming them. America was built by immigrants and even today, its most powerful companies continue to be managed by several who can trace their roots to different countries.

3. Free market competition. The best and the smartest companies survive.

Fond memories with Roobet. Hope you guys are still doing great and bringing fun to the forum and people.

I spent quite a bit of time exploring the games there. Roobet was one of the first casinos to take marketing here on the forum to a new level with their art and sculpture competitions. I have been back after a break. Just here to say hello. Maybe I'll go check my account again. I am sure I'd have a few sats there to roll something.

Bad or not..I think nobody can fault ETH for failing to build a community. They have followed all the marketing ploys needed to keep the blockchain smart-contract game going. I call it a game because thats what it is right now before, if ever, it evolves into something serious in terms of delivering actual value to businesses and the people.

The NFT craze was something else. I don't know anybody who paid 1500 as fee but can confirm that I paid significant fee (20-50 USD per transaction) buying a few NFTs myself back in the craze. Don't ask what happened to the value, lol.

Kahaan busy ho bhai Allahabadi. Itne encounter toh karwa diye..Ab aur kya chahte ho..

Anyways, i guess the time for drama and old rivalries is long past on the forum. Or so I hope. Haven't been to Meta in a while toh pata nahi chalega..

But my hope for everyone here is that you are all fruitfully engaged and not trying to scam others..lol..We all have been on the forum together for so long..Kabhi lagta hai ki mil kar kuch kara jaaye...but as allahabadi said,

Its an exchange so maybe it should start with that feature.

You could start with enabling P2P trades.
Add a faucet or a raffle to attract usage.
Add a section for alt-coins information as lots of Indians are into that.
Add some content as an introduction to trends in crypto

LOL yeah..Sagarbansal21 needs to get a life if he is actually 21.

But you are right. This sub is missing a moderator since the great Benson Samuel decided to launch his own crypto startup and disappear from the forum. It is at least good to know that India was important enough in the forum to have a sub of its own. Can't say that we did a great job with it.

If this has a moderator and @Theymos was around to fix things, could have been a different story. I am not updated on the latest yet as I have been away from the forum for sometime.

If by shitcoin, you refer to the thousands of abandoned crypto projects whose sole purpose was to raise money and then do a slow-rug or outright disappearance, then USD has a long way to go till it achieves that status.

If you mean that whether it is losing its status as the de facto world currency, that also is still doubtful. We are indeed moving towards a multi-polar world with the rise of China and smaller countries starting to group together. Yet, the US Dollar is way too entrenched and there are hardly any alternatives, let alone the Yuan. No country would, or ever should trust China with that kind of dominance.

I think the replacement of US Dollar will take a longer time. The current financial system is undergoing a major stress test. if nothing crashes in the coming few months, we will have stabilized and will go back to the norm. If history is any guide, and we get the long awaited shit-storm, it may very well lead to businesses and other countries finally losing faith in the Fed. What happens aftterward can be the subject of an academic study by itself.

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Hi guys. I am back on the forum after a hiatus. Let me know if i can be part of this..Thanks!

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Hey guys. Lets slow down on the negativity a bit. We already have enough macroeconomic and geopolitical bad news to do that. I personally have been away for a while due to certain commitments and let things slide a bit.

Before that, Heisenberg and I had tried quite a bit to revive the board here. We even petitioned for a new Mod (I am not aware whats the status right now, Did Theymos respond or not.) That aside, its still a privilege that we have this sub. We need more people to engage in a productive manner and contribute what they can to crypto and the forum. Here is an old post I created for some suggestions about merit.

I also encourage newbies to introduce themselves on the pinned introduction post. I have time on hand and will be putting in sometime at the forum. Those of you who have made india-centric posts and want me to take a look, please share your profiles on the post that I shared above.

If anything else, send me a PM and lets see what we can do for a revival.

Cheers!

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Truly speaking there are multitude of factors at work.i have seen smokers who lived a long life. I have seen non smokers die early. The truth is there is no single yardstick to measure all. Sometimes it's the general health and habits which play key role. Even tobacco contain 1000s of chemicals and some do have benifits as well..so it's really complicated science. But yes in general smoking is injurious to health.

I think to one point it's money. When you have your basic needs fulfilled and you have a decent home, a car and have all the things you need on table you look for higher goals.
Like our creative persuits. Our prospective for lives. Fulfilling higher goals become paradigm of success.

I don't know if we are moving towards a economic depression. The burden of population is leading to fall in economy. We are not short of luxuries like homes or tech gadgets. We are short of essential needs. Pollution and global warming are complicating things further. I think it's time when science can only help us in fighting these desperate times and we need to shift in that direction. We need entrepreneurs with zeal to solve problems of the world, not just economic but social as well. So for me it's entrepreneurship

It depend what is your purpose of joining Bitcoin. If you are a investor with no concern for tech. You might think of only money. If you are someone a tech developer associated with bitcoin for quite some time you will measure it by its blockchain efficiency and strength.

I think there is an undercurrent to slowly replace energy intensive mining activities with energy efficient mining. A consensus is slowly building up on this. Though this will take another decade to actually implement such changes. I assume it will have an impact on bitcoin as well. While so many official statements are coming. The question is is there a way to shift POW to POS without any significant impact for bitcoin.

One thing for sure this man has his fundamentals clear. When we go through his storyline we find that he has the capability to truly understand the current economic crisis and take necessary steps to fight it. He is technically a MBA in polticians dress. So yes if anyone can help UK in current financial crisis, it is this man.