Wow! The articles uses very strong sentences throughout! Bitcoin is rarely used for legal transactions Big Bitcoin investors have the strongest incentives to keep the euphoria going. Promoting Bitcoin bears a reputational risk for banks This is far from ideal. But as you have rightly said, what else can we expect from a banking regulator! Also if they are adding the environmental aspect to it, their stance will become even more negative. |
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We are still standing at a very nescent stage for EV market. We have very few global players in this market and Tesla is right now enjoying absolute monopoly. So the percentage that you see, is just the beginning!
So if you want to get rich in next few years, invest in some EV related stocks because this market is going to explode at some point of time. The percentage that you see now, are going to be higher in a very short period of time.
It's not easy to replace a century old system but EV market has started making its mark!
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Good news! But before it becomes applicable, it still needs 5o be signed by the President. Then only it will become effective in Brazil. So wait a little before the actual celebration.
Also I see that cryptocurrency is classified as an investment asset class. So Brazilians should seek further clarifications on how it will be taxed. Investment assets are usually taxed based on the gains made and also the timeframe is considered for calculating taxes. So little bit of grey area is still there. But net positive, I must say!
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Just a little correction! It has not yet started but just got announced that they are very close to starting it. Read the news here, https://www.fidelity.com/crypto/tradingThey have started registering interest from the market. Also you need to note one very important point from their website FAQ section, Can I transfer crypto into and out of my Fidelity CryptoSM account?
In this early version of Fidelity Crypto you won't be able to receive or send cryptocurrency transfers. But we're always working on new features. Turn on your notifications to receive updates. So it's very similar to what Paypal offers in the market already. Trade and take your profit in fiat. No crypto transfer is allowed at this moment. |
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I was into crytpo from early stages but due to some reason i didn't in it regularly. On 2018 i earned alot from bounties. But now when i am looking into current situations of market i assume if still bounties are good in 2022, or if new market has some more options in crypto. How my indian brothers are doing here.
Back in 2018 it was like nice opportunity i guess it is not as like that time but still it must be a great option. What is your situation?? Old and new friends, and what is your perspective looking into the job market of india, if bounties still reliable
The entire ICO market is dead so the bounty market should be dead too! So I won't recommend anyone to join any bounties now. We all have to change with time. If you want to earn serious money, freelancing is the best way to do so. Some client will also be willing to pay you through cryptos. Startups are everywhere nowadays and these startups don't hire expensive people at the beginning. Rather they try to find a freelancer. That's where you need to tap in. Digital marketing is the most niche skill in freelancing market. |
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I will support Elon Musk if he creates a stablecoin for Twitter
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.
Regarding business, Elon and Mark is same! Also I don't understand why there is a need of a new stablecoin only for Twitter? Why can't Elon use one of the stablecoins already running in the market. Creating absolute monopoly is a great business practice but not very beneficial for the users. So from an individual's point of view, I wouldn't like if Elon tries to create a separate stablecoin to be used in Twitter. That's not what cryptocurrency is meant for and that is why Libra failed a big way! |
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The legal precedent is that encryption is a munition in the United States, and therefore protected by the Second Amendment.
It seems, as per the Export Administration Regulations act, cryptography or encrypted items of specific types are indeed considered as Munitions. Read here: . https://en.m.wikipedia.org/wiki/Export_of_cryptography_from_the_United_StatesSo there are some legal provisions available for the Twitter battle that is ongoing! I am sure some moron within the government will try to prove it in the court of law as well. Thankfully, US doesn't represent the rest of the world! |
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New York Attorney General Letitia James in the bid to protect retirees from the dangers of investing in Crypto currencies, digital assets, digital tokens and digital coins has egged on Congress to pass a law prohibiting crypto investments in retirement accounts. Her point of concern is on the Individual retirement accounts(IRAs) and defined contribution plans, like 410(K0 plans and 457 plans for government workers, which has been the investment option for millions of Hardworking Americans after retirement. She sighted the recent development in financial institution where Bitcoin became an investment option in 410(k) plans, and other financial institutions expected to follow suit. With the recent downtimes in the crypto market and the market turbulence, Attorney General James emphasised on the protection of workers' retirement funds and save them from the risk associated with cryptocurrencies. Most of this retirees know absolutely nothing about how this digital assets work. The just trust this investment plans to make the right decision for them. Attorney General James is only been protective of her citizens to save them from the downtimes because the only depend on pensions for survival as such risking them on assets the can't control themselves can result to sudden death and heart failures. Because they will have to wait till the market becomes favourable to start making profit on their investments. linkI would say it is a sane approach toward the safety and security of the funds! Retirement funds are different than any other form of investment. It has to be safe yet must provide a market-linked return. So I would support this cause! Crypto assets are extremely volatile in nature. Young people who have time in hand, can surely invest in cryptos if they are able to get in and get out at a right time. That's the basis of crypto investment. Investors need to be extremely agile in nature. Retirement funds are usually not handled this way. So it's a very high-risk investment for retirement funds. Recently, news came out of Canada related to 95 million dollars of loss from FTX collapse. Crypto market has already seen a lot of collapses considering it is a relatively new type of investment. So it's better to keep for those people whose risk appetite is high. Read here: https://www.reuters.com/technology/ontario-pension-says-any-loss-ftx-investment-have-limited-impact-2022-11-10/ |
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Do you really see Bitcoin as a religion?
Nope! Because it is not a religion! I am not sure how you came to the conclusion that many bitcoiners considered it a religion because I have never got that vibe to be very honest! You will definitely find bitcoin maximalists here who truly believes in bitcoin and its power to break free censorship. This belief must not be mixed with religious kind of beliefs. Bitcoin is a disruptive innovation that disrupted the traditional payments market significantly! But it still has a long way to go. Also, it is not right to entrust any single asset class blindly. It will make you suffer losses in an unimaginable way. When it comes to making money out of bitcoin, just keep your eyes and ears open and diversify every single time! And it is better to leave this religious thought out of bitcoin please! |
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I wonder how this news escaped out of China!! Chinese government doesn't like when such news goes out of their country because that shows their real face! They murdered thousands of Muslims and the world is still trying to gather proof. China is a country that doesn't believe in human rights. It's great that Apple is moving out the production from China.
People are always capable to start a rebellion. But most of such rebellious protests do not end well. I mean what unarmed people can do against a military!
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Through the crypto ecosystem, ROVA is going to serve humanity at every step of their lives. ROVA is going to bridge the gap between the real world and blockchain technology. It is the best way to implement and leverage blockchain features like faster transactions, decentralized, and security.
My only question is how? Is Rova any different than the millions of tokens that are already launched in the market? We have multiple coins and tokens that offer fast transactions, decentralised in nature and robust security. What Rova will do anything differently than the existing ones? So I would love to know what's the difference at first? |
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Positive news obviously! Especially when everyone knows how bullish Mr. Bukele is about bitcoin. Possibly El-Salvador is going to create a robust framework around cryptocurrency and related policies which can later be used by other nations as a case study. El-Salvador is going to be the part of the bitcoin history.
I am more interested in knowing about their vision about bitcoin and future projects which will possibly be published in their first report. As they are seriously thinking about bitcoin mining at a large scale, many miners may find this country as their next destination if their home country bans it citing environmental issues. A vision of such things is surely there and we just need to see it in action once EU bans POW mining.
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I don't think it is practically possible! These people are just a bunch of celebrities and not business mogul. So there's no way for them to know how an exchange is being handled or where they are investing their money. It's not their job to be honest! A brand needs to create trust and aspirational values and hence they approach celebrities to promote their platform or services. Celebrities do it for money! They have no control on the business. So it's very wrong if legal charges is thrown on them.
Regardless whether an asset is a security or a commodity or whatever it is! It's not good to target celebrities just because they have promoted a product or service which later turned bad. They are not GOD, so there's no way for them to know what the future holds!
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Why does public blockchain has a serious security to individual users or corporations? OP meant private blockchain and not public blockchain! It is not a security concern to the individuals or corporations! It is a security concern to the government. Individuals rather wants such kind of privacy protection which can be achieved by privacy coins and that's what EU is planning to attack. They are citing reasons such as money laundering and terrorism financing. But the main point is that privacy coin can't be tracked or controlled by the governments. if you're never expose your KYC to any exchanges or platform, you will be fine since no one know your name, your face and where you live. This is why privacy is important and to achieve it you need to use decentralized coin e.g. Bitcoin, use DEX e.g. Bisq and use reputable Bitcoin mixer.
I already expect many country will ban privacy coins since Coinbase already delist privacy coins from few years ago.
Privacy coins are absolutely a no-no from the government agencies. So it is just the beginning. Expect more attacks on the privacy coins or blockchain in future from many other governments alongside EU. |
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Redesign of a currency note has zero net impact on the economy. It will definitely carry a likeability factor but that's it! Nothing else will be achieved through the redesigning. It's not an e-commerce website where redesign will increase the trust and sales.
Nigerian government is probably taking advise from non-qualified people rather than an economist. Otherwise no country would have taken this path during the time of high inflation and global economic meltdown. Too hilarious!
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What could have been his fate if he made himself known from the beginning? And later after Bitcoin is recognized?
He probably would have spent the rest of his life behind bars and was probably facing hundreds of lawsuits from various government enforcement agencies. That would have been his fate if he made himself known during the initial days of bitcoin. He can face such things even now. That's why I never wanted Satoshi to reveal himself. I strongly feel that Craig Wright is a setup by FBI to lure actual Satoshi out which failed miserably! I am not sure if anyone else has similar thoughts! |
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Well this debate between centralized and decentralised environment will be ongoing as long as the crypto ecosystem will exist. So let's not try to find a solution or a conclusion here! We all need to focus on what we can do to save ourselves from any future mishaps.
Just don't keep your coins in any exchange. Whenever you are done with your day trade, just withdraw the proceeds to your own wallet. That's how you can save your money. Crypto veterans have been saying this since a long time now.
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Why not both? Why we need to choose one? I believe in harnessing the power of both and I am doing it. I have a full-time day job and I do have a business where I have employed two people who runs the business for me.
Back in 2016, I had only one source of income from a job and I suddenly lost it on November 2016. That's the turning point of my life where I had started building up my business. Now in 2022, it gives me more income than my day job. But I never thought of leaving my job because I am addicted to a monthly payment called salary.
In the era of digitization, it's super easy to have a job and simultaneously run a business. The only investment is your time!
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Want to know your thoughts? If the recession is coming, can crypto save us from that?
One of the main effect of recession is that interest rate would be lower so that means thee is a good chances that some cash will flow into crypto but we are talking about global recession so thats the whole world economic in decline and anything could have happened including crypto market crash as most people could be cashing out their crypto reserve If you have decent amount of cash then once everything hit the new low then you could start purchasing all those That is only possible if people have cash in hand and this can be possible if the companies and businesses are earning normal revenues and sharing to their employees. Usually during a global recession, we will see a huge number of job cuts which will create cash flow issues within economy. So the chances are very slim to see an influx into crypto market. Rather, we may see a lot of people trying to sell their crypto assets for survival regardless of what the interest rate is. The key here is money! What the economists say is very simple - have some cash in hand or in such assets which you can sell off at any time to maintain the cash flow at hand. Currently all major companies are firing people in order to reduce their operating cost and trying to figure out a bare minimum structure to keep the operations on. This is not really sending out a good sign to be honest! |
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