Quote from: pakhitheboss on March 29, 2022, 06:17:31 AM

BJP member Sushil Kumar Modi wants the Finance ministry to increase crypto tax from 30% to 55% as he consider it as a form of gambling.

Quote

"Crypto is gambling. It is a form of lottery, a form of horse racing... When you put money in share market you know companies who are behind it but who are behind crypto?"

In my opinion he has no idea what Decentralization means and why any decentralized Blockchain cannot form a company as it is not owned or governed by an individual or a group.

I am also preety much sure that he doesn't know that cryptocurrency gambling and cryptocurrency trading are two different entities. This is not the first time that members from the ruling party have given out statements in public that proves how much they are aware about this new technology.

Read the full article and do share your thoughts.

Our politicians have been hopeless for decades and the way sushil modi is talking one statement made by Sam Manikshaw comes to my head that was
"I wonder whether those of our political masters who have been put in charge of the defence of the country can distinguish a mortar from a motor; a gun from a howitzer; a guerrilla from a gorilla, although a great many resemble the latter."
These are bunch of idiots with little knowledge but big mouth.