Bird Bird Bird Posted November 25, 2021 Report Share Posted November 25, 2021 19 minutes ago, AnK said: Everything you said is absolutely right except that this part is not really as easy to atain anymore. If at the very beginning western world had openly tried to make it a regulated portal like any other e-commerce trade then life would have been much easier but the unnatural boom & demand it saw would have never happened. It’s very importance comes with the fact that it gives you a chance to store money & possibly even trade it without going noticed by your sovereign nation. The more nations now try to regulate it the more it’s importance will fall & a lot of ppl(politicians & bureaucrats) within the system are in knee deep into it. Ppl like Indian PM know the danger of of such a setup & that’s why he is trying to speak against it at the world stage rather than banning it outright from within. I don't think you're getting the point. Regulating the coins is impossible, but they can regulate exchanges. Have a mandate on minimum amount of liquidity and collaterals to ensure if all goes to sh*t, investors who would like to withdraw can do it at market rates. What can also be controlled is the huge difference between BTC to currency valuation. BTCUSD does not transfer in equal amounts to BTCINR. And BTCINR infact is different at different portals. These loopholes can be exploited, and hence need to be regulated. Quote Link to comment Share on other sites More sharing options...
radicaldude Posted November 25, 2021 Report Share Posted November 25, 2021 (edited) 4 minutes ago, Bird Bird Bird said: I don't think you're getting the point. Regulating the coins is impossible, but they can regulate exchanges. Have a mandate on minimum amount of liquidity and collaterals to ensure if all goes to sh*t, investors who would like to withdraw can do it at market rates. What can also be controlled is the huge difference between BTC to currency valuation. BTCUSD does not transfer in equal amounts to BTCINR. And BTCINR infact is different at different portals. These loopholes can be exploited, and hence need to be regulated. The first thing govt should regulate/ban: these random cryptos aka Pvt cryptos. Many have become overnight billionaires thanks to those tweets of Musk. Edited November 25, 2021 by radicaldude Quote Link to comment Share on other sites More sharing options...
AnK Posted November 25, 2021 Report Share Posted November 25, 2021 (edited) 6 minutes ago, radicaldude said: The first thing govt should regulate/ban: these random cryptos aka Pvt cryptos. Many have become overnight billionaires thanks to those tweets of Musk. Yep that’s the most important thing atm. Just last night I got to know that some BigBull made in India Crypto was launched few weeks ago at ₹1 per coin & is being hyped as f**k coz of it’s easy availability. Does anybody know about it?!? Edited November 25, 2021 by AnK Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted November 25, 2021 Report Share Posted November 25, 2021 3 minutes ago, radicaldude said: The first thing govt should regulate/ban: these random cryptos aka Pvt cryptos. Many have become overnight billionaires thanks to those tweets of Musk. The draft bill quite literally just says that - private cryptos will be banned (Monero, Dash etc) Btc, eth, shiba, doge are all public crypto. Quote Link to comment Share on other sites More sharing options...
radicaldude Posted November 25, 2021 Report Share Posted November 25, 2021 (edited) 8 minutes ago, Bird Bird Bird said: The draft bill quite literally just says that - private cryptos will be banned (Monero, Dash etc) Btc, eth, shiba, doge are all public crypto. I think the govt should only allow a basket of cryptos. (Maybe 5-6 cryptos in the basket). Complete ban on others. Else some might find some loopholes in the definition of private crypto and promote a new CC. Edited November 25, 2021 by radicaldude Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted November 25, 2021 Report Share Posted November 25, 2021 (edited) 6 minutes ago, radicaldude said: I think the govt should only allow a basket of cryptos. (Maybe 5-6 cryptos in the basket). Complete ban on others. Else some might find some loopholes in the definition of private crypto and promote another new CC. You can't technically "ban" a crypto. You can just make it difficult for people to buy it. And it makes no sense to only approve a basket. Public transactions are trackable. Yes, one can form a maze with their transactions, but as long as they are public, given enough time, they're traceable. And the government wouldn't want to lose out on any benefits a particular crypto's underlying tech would provide. It's not as if BTC's blockchain is same as Eth's blockchain. The tech is different, and as more Western countries adopt them, India cannot be an outlier. Most likely we will see ban on private coins, regulations around exchanges and ICOs (like Akshay's video said), and taxation on crypto gains equal to STCG or LTCG, with everything linked to PAN. Edited November 25, 2021 by Bird Bird Bird Quote Link to comment Share on other sites More sharing options...
radicaldude Posted November 25, 2021 Report Share Posted November 25, 2021 4 minutes ago, Bird Bird Bird said: You can't technically "ban" a crypto. You can just make it difficult for people to buy it. And it makes no sense to only approve a basket. Public transactions are trackable. Yes, one can form a maze with their transactions, but as long as they are public, given enough time, they're traceable. And the government wouldn't want to lose out on any benefits a particular crypto's underlying tech would provide. It's not as if BTC's blockchain is same as Eth's blockchain. The tech is different, and as more Western countries adopt them, India cannot be an outlier. Most likely we will see ban on private coins, regulations around exchanges and ICOs (like Akshay's video said), and taxation on crypto gains equal to STCG or LTCG, with everything linked to PAN. And introduction of an RBI backed crypto. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted November 25, 2021 Report Share Posted November 25, 2021 https://www.bloombergquint.com/amp/business/the-anatomy-of-a-crypto-crime Paid article, but decent read. Quote Link to comment Share on other sites More sharing options...
radicaldude Posted November 25, 2021 Report Share Posted November 25, 2021 and he's busy promoting crypto in gaming. .... Quote Link to comment Share on other sites More sharing options...
BRHeadHunter Posted November 26, 2021 Report Share Posted November 26, 2021 21 hours ago, Pacifier said: The gig is up txt.innerHTML = "Warming up AI bots..."; setTimeout(() => { txt.innerHTML = "Getting data..."; }, 1000); setTimeout(() => { txt.innerHTML = "Computing...."; }, 2000); setTimeout(() => { txt.innerHTML = "Almost there...."; }, 3000); var answer = "YES"; ----- pure gold if (input_lower.includes("shantanu") || input_lower.includes("goel")) { answer = "NO! Hodl " + input + " for life."; } Quote Link to comment Share on other sites More sharing options...
mohit9206 Posted November 26, 2021 Report Share Posted November 26, 2021 Guys what's up with Wazirx? I've been trying to deposit money since the last 2 days and there is no option to transfer via UPI anymore. It only gives option of Mobikwik wallet which I don't use and the other deposit option does not have my bank compatibility. Quote Link to comment Share on other sites More sharing options...
Snake Posted November 26, 2021 Report Share Posted November 26, 2021 7 hours ago, mohit9206 said: Guys what's up with Wazirx? I've been trying to deposit money since the last 2 days and there is no option to transfer via UPI anymore. It only gives option of Mobikwik wallet which I don't use and the other deposit option does not have my bank compatibility. lol whenever market drops, WazirX stops 2 Quote Link to comment Share on other sites More sharing options...
mohit9206 Posted December 4, 2021 Report Share Posted December 4, 2021 Nice dip. Time to buy the dip. Quote Link to comment Share on other sites More sharing options...
gecko89 Posted December 4, 2021 Report Share Posted December 4, 2021 This is depressing to look at. Bought the dip, then the dip had a dip, then another dip. Thankfully it's recovered a bit now. 1 Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 4, 2021 Report Share Posted December 4, 2021 Did anyone buy the dip in the stock market? Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 4, 2021 Report Share Posted December 4, 2021 Also, WazirX is the best available platform? Just looking for 1-2% PF investment. Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted December 4, 2021 Report Share Posted December 4, 2021 57 minutes ago, KunjanPSD said: Also, WazirX is the best available platform? Just looking for 1-2% PF investment. Check Vauld. Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted December 4, 2021 Report Share Posted December 4, 2021 1 hour ago, Bird Bird Bird said: Check Vauld. Have you used it? Quote Link to comment Share on other sites More sharing options...
Bird Bird Bird Posted December 4, 2021 Report Share Posted December 4, 2021 3 hours ago, KunjanPSD said: Have you used it? Made an account. Never used though. Quote Link to comment Share on other sites More sharing options...
radicaldude Posted December 4, 2021 Report Share Posted December 4, 2021 . Quote Link to comment Share on other sites More sharing options...
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