This is by far the best report I have read concerning the adoption of blockchain in recent times. UAE has been known to be a forward thinking government in every areas especially Dubai taking the forefront in any development shaping the future. The differentiating factor here is that its backed with objective, calculative and measurable benefit that cannot be refuted as against those vague benefit being circulated in other climes that are considering the adoption of blockchain technology.

Not only that, actions are being taken, contracts are signed, firms are being enlisted coupled with supports to be provided that cuts across every levels of the society. This is another confirmation that blockchain is here to stay while bitcoin will continue to flourish along side.

I think this is a good development from their part as the tentacles of SegWit continues to spread further. I tried claiming a fork on Coinonmi at one time from a SegWit address and its was saying an invalid private key. I hope this has been resolved based on this upgrade.


It really does not matter if they did for commercial purpose or not? It shows they are moving with the trend and even the mass number of people that would be using it don't even understand the technicals behind it. Just how its going to reduce fees and with this coming from Coinomi its surely going to reach huge user base.

This narrative and the title the thread are negating each other. The report is about how Germany is considering taking this course of action as against taking a position. In the process of decision making, a lot of promises are always made but when its time to take a stance on it, that's when several variables start to play an important roles. That is to say until it becomes an action backed by legislation, its nothing short of speculation.

Even though, the news talks about Ministry of Finance releasing The Guidance, its still not sufficient to take a position because guidance can be reviewed without stress and every hopes given to crypto enthusiasts goes bleak compared to a law which the process to amend alone takes more time to make a new one.

Its really not bad until you wake up one morning and decide to check your balance on their website only to realize that its not going. The you decide to search all over the internet to know if you are the only one facing the same problem but nothing is coming up before you decide to visit the forum to realize that something terrible has happen and you begin to console yourself about the hope of whatever is going to happen next and the worst of all, is that the office of the site is not somewhere you can just enter the bus, train or plane to land the next day for you to see things yourself.

The above is the exact scenario of every one time all secured site have been without anything happening. If you are thinking they keep 98% offline is a lie because doing that would mean there would be liquidity issue and again, even when insurance is certain, there is no way you get the full amount because of the proration that would be done couple with the time you will have to wait for all the verification to be completed before disbursements. The best is to keep your funds yourself.

In the movies I have watched that bitcoin has been mentioned in recent times (2017-2018), I think it has reduced from the outright drug dealers and murders but now its being portrayed as a means to hide from government. The recent one I watched was a billionaire facing some charges  with the government and could lose everything and was forced to take the option of keeping enough in crypto currency. While its not totally a promotion of bitcoin or its endorsement, its really a great shift from the myopic position that they have taken in time past and that is really giving the popularity that shows that bitcoin might not be scam or ponzi after all.

Using consumer protection and scammers in the same sentence is contradicting yourself because even in the fiat world, scammers are there to collect your money and there is nothing to do about it. But talking about legitimate business enterprises, the issue of consumer protection as at today is zero and part of the reasons that is making people lose confidence in the market. You see exchange sites intentionally suspend trading on a particular coin, suspend payment, refuse to answer ticket while their gambling sites counter parts would just come up with policies over night whether fair or not? its not their concern. The only place you can complain to is the social media or the forum to warn others from falling victims.

This is not happening outside, not perfect though but there is consumer protection councils, trade regulators, government agencies and the powerful of all the social media that can address all injustice and they will be brought to correct such anomaly. Over here, you are just on your to be responsible for your own security.

Times have changed and circumstances surrounding it have equally changed. The amount you claim to have say 1btc 5 years ago could be an amount someone can cough out before thinking twice but that is not the same now. So, at the time when the URL was sufficient, it was because Boussac could afford it without blinking but now when the service has been closed down, you will ask for additional evidence if you were in his shoes.

I watched the anniversary of marijuana smokers that was celebrated some days back with the amount of people involved with so much joy and happiness in their faces I felt concern for this generation and the law makers have equally disappointed the coming generation for promulgating that law. They make law about smoking marijuana for recreational purpose without considering other factors.

Economically,  the marijuana business is a huge one that could turn millionaire in a short while, an already available market, its own unique supply chain but the cost  outweighs its benefit from my own standpoint which ranges from the cost of ensuring compliance with the law to not exceeding the amount of grams to be consumed, to ensure that they are restricted to certain places to smoke without endangering the members of the public, the cost treating those who will have mental issues as a result of abuse and a whole lot of other non quantitative disadvantages.

The worst thing I can think of that can happen to mankind is war yet it has its own contribution to the improvement of a particular country which in turn contributes to the world economy. For instance a country whose economic dominance and relevance is dependent on the continued supply of resources and for this supply to be constant, there is no room for peace. If this can contribute to economic development, how much more can AI and Blockchain that were specifically built for that do.

For blockchain, the impact might not be felt now, but its already making waves by trying to put an estimate to the amount of lives that have been impacted positively for having something to do with blockchain which gave backing to bitcoin. AI on the other hand is where I am skeptical on the robot part while other parts that relates to technological development and making life easy remained something to be commendable about.

While things are one way or the other connected, I don't see recession happening to countries all at the same time suddenly except its a global problem there is always a build up to that happening and the smart countries would have taken a precaution. I have knowledge about a country that single handedly pilot its affairs into recession and during this period there was panic but the people in crypto currency were not complaining because they don't operate within the economic confines of their local countries but they operate in a global market and when there was fall in the value of local currency, its was a major boost in their revenue for those that have huge stock of crypto currency.

Whether people sell or not, the point is seeing opportunities in every situation and take it.

Sometimes, when I read all these fines its purely a way to save face by the authority slamming the fine for revenue generation purpose and not in anyway addressing the injustice this people have done to their victims. They hide under the law to carry out their nefarious activities hiding under corporate privileges because they know its all about fines without really compensating their victims.

Sometimes ago in my country when telecommunications company were involved in poor services that cost consumers huge amount of income, they were slammed a fine and forced to pay every subscriber in form of airtime even though small the subscribers who were victims achieve closure but today when they do their nonsense they would slammed fines and they pay into government coffers to the extent that the people no longer care about holding them accountable.

I have always maintained that not everybody involved in exchange activities are all bad or involved in illegal activities and instead of government with its forces try to weed out the people who engage in these illegal activities, they decide to go the way of ban. One thing they cannot break is people with conviction and the moment you blocked the way they do things in the open, they will be forced to find other means.

While in China people have engaged in high level ways to break the exiting situations, which is commendable, but they can still find a way to block it so far its in the open. Kudos should then be awarded to the people who form groups on Telegram, WhatsApp, forums etc and they carry out their activities. If they want to be blocked, they need to stop all of the platform they use. Its as simple as that.

Exactly the point every exchange sites and wallet providers that we have today are the safest until they are hacked whether inside job or their own vulnerability it does not remove the fact that they have stopped being secure and when the bitcoins kept there wants to be stolen, you don't even need a tool as simple as a screw driver to get it done in as much as its not about physical coin.
I don't believe that info about Xapo though because the moment such sensitive information is true and leaked to the outside world, its time to start looking for somewhere else. Just like a bank, if any random person can see where the vault is located in the bank from outside, then its time to change bank as that is the beginning of an heist happening.

Did you bother to read the rules they claimed you broke because I can see the urgency in opening another Twitter account to continue what you are involved with which I might be banned soon because if you account was reported to have led to the ban, the same people who reported it won't relent in reporting this new one.

Again, for a platform like Twitter, I have not seen them ban and for them to start means they know you can open another one so easy and they equally on the lookout to still see some traces of what the former account was guilty of. If they don't want you on their platform, it means you are not complying to their rules and you don't expect them to give you temporary warnings.

If you have access to the amount of information and tools that McKinsey team have access to, it's easy to predict what will likely happen in the future in terms of predicting human behaviour and the reason is simple when people form an habit, it takes a long time before they drop it and might likely not drop it by rubbing it of on the upcoming generation

Another is that, in the flow of development, we don't expect to go backward rather forward in making life easier and I would say we are tending to the point of a technology to affordable to everybody that when I need to comment on the forum, I just need to say the words and it's type going forward from there my favorite topics would be noted and comment will appear as if its me. On bitcoin forcing them to change, its explained in simple words everyone has it by default to get annoyed or happy or great what is needed is the push and that is what bitcoin has done.

You have not had any experience with them but you concluded that they are all giving shit. Would that not be an hypocritical statement considering you are even wearing the signature of a gambling site? Most times that blame is always given to the support sites, the fault is from the users not following instructions and not reading the terms in addition to everybody complaining about the same thing (withdrawal issues with variances) and that is why their response always seems generic.

FortuneJack is one response that is fast that I experienced though which was even my own fault at the time. Another that I have involved with are bits sports betting and response was equally not too delayed. On the average, aside from those who are clearly out to scam, they will surely respond.

That is the part that will be thought but some discussion would touch the narrative part about how it works and the technology behind it but not coding. I have come to realize that all the part that make a difference are not taught in the classroom. The people that even shaped the world we live in even dropped out of school while some we don't even know if they go to school. But its all good that they are learning it at least its giving popularity to what is being discussed at the moment. The fear is that eventually when they graduate, they become policy makers that would then determine what is being done in the industry that's the irony we have to live with.

There is really nothing surprising here. The issue is, for the simple reason that price rose to that highest level before is an indication that its possible that it might happen again(though it might be late) and that is where majority of people fail to get it that rather than seeing it as an opportunity to buy and make some decent amount of returns within reasonable time, they are quick to speculate, ask questions why?, skeptical as to whether its going to be possible again, then refuse to take action. This then give the institutions the window to get in at a low price and when it has risen go a certain point they exit the market for the complainers to do what they know how to do best which complaining and the circle continues.

Roger Ver is only using the influence that the section of the crypto community gave him including the one you are also doing now. I have not gone to his site, I don't know he changed anything, I also didn't know he is influencing decisions but now I know and several others that would read the thread and wants to either Google him or find more about him. The fact is he is entitled to his opinion which he can share as he so wish.

On his attacks, only someone who is a newbie would not know the side he belongs to. He has taken a side and what he is doing is not an attack on bitcoin but rather justifying his belief on the side he has chosen to take while others who know the real bitcoin if you cannot defend your own position, the best is to ignore him and his antics all together.

But it can also make you wretched overnight depending on how urgent the fund is needed. Yes, everybody is happy at this current situation with everyone making a point but the fact is there is need for caution. A lot of news have been coming to aid the upward trend in the past couple of days from Soros, to Lightning Network down to the allowance in the Quran based on interpretation but what surprises me is that any time there is an upward trend we all forget about what factors that worked together against bitcoin to bring it down in the first place and also forgetting that these forces are not retreating until they achieve their objectives. For me, until bitcoin price can get to the all time high witnessed last time and surpassed it, there is need to thread carefully.