They can only try but there is no guaranty that they can, so they would not even try to do that they can do that when it was just starting out and they can save their resources but it's now very popular and very viral, it would take a huge resources to stop it and of course investors will not let government stop them, there is big money to be made here.

Know Your Customer, Know Your Partner. What comes next?

I think we should be looking for ways to stop this KYC policy instead, as in my opinion it only does more harm than good. Look around what's going on with the platforms using KYC and see for yourself.

Bittrex basically confiscated my funds by enforcing a mandatory KYC verification post-deposit. I only care about the safety of my funds, and KYC lowers the safety of them a lot more than lawmakers might've expected.

KYP wouldn't make things fair for both sides. What would knowing who's behind Bittrex help me with if they've confiscated my money thanks to KYC? It's exactly the same thing, but more privacy is invaded. Instead of making things better, it would make them worse. Instead of adding this policy, I would work on changing the KYC first so stealing of funds won't be legal anymore... because KYC basically makes money stealing legal. Fair? Obviously not.


If KYP would be implemented, platforms would offer it from registration phase. And then it would function just like it does right now, without KYP implemented.

They are going to ask crypto exchanges and banks to do KYC of people who do operations with crypto past certain limit - around $1,200, and they will have to report "suspicious" transactions and regulators might order to freeze assets on those online accounts. They also talk how they will be using chain analysis to do their verifications.

Also, there's another interesting line that wasn't in the article - the minister said that they don't see crypto being used by corrupt officials, so it should be legalized in long term to boost economy.

I am thinking of 30% in stock, 30% in fund, 40% in Bitcoin.

How about this ratio? Any thought?

If they are in group of whales and making an organized sell or buy order to manipulate they could take advantage of the whole market. You see there are many panic traders aswell who aren't really experienced in trading and rather making trade orders simply based on fear. I'm sure the whale are trying to target those kind of people because that's the easiest.

Technically there is no point in discussing his claim. This guy has no technical knowledge of bitcoin but all credit goes to members of this forum including me for making this faketoshi so popular. We all know he has done nothing and he is only doing this to get popularity nothing else.

Crypto whales need this "myth",in order to manipulate the bitcoin price.Nobody is going to burst it.

In as much that there are a lot of scams in the bitcoin ecosystem and the entire crypto space as a whole, greed is the only reason why a lot people in the crypto space and bitcoin ecosystem fall for these scams. It is about time people in the crypto space need to research before investing into anything in this ecosystem.  Knowledge and understanding are the key elements need to avoid being scammed in the bitcoin ecosystem. Scammers are always looking for greedy people in the ecosystem to scam them. A lot of people in the crypto space do not really know what bitcoin is and its significant purpose in the entire financial space.  Due to this, people easily get scammed.

I think bitcoin will never replace fiat money. although bitcoin has been proven to provide great benefits but it will not make the government legalize and support bitcoin. because bitcoin is decentralized and the government doesn't like something that can't be controlled. and in my opinion if in the future the government wants to replace fiat money with crypto then surely they will make their own crypto which they can control.

Craig Wright: "BTC is not Bitcoin" 

https://www.youtube.com/watch?v=1mItX9ku35U

The snake oil salesman is at it again. Pretending to be Satoshi again and saying everyone should not be running nodes and Bitcoin was not meant to

be anonymous.    Feel free to share your likes and dislikes on the video and please comments on this rubbish to expose the truth. I do not want

to give him more exposure, but I also do not want his rubbish going uncontested. (It is obvious that he is choosing interviewers who are clueless and

who would not challenge him on the bullshit he is spreading.) 

but for bitcoin to grow we must not totally hold as circulation is a must.and also the price today is bullying ,i hope this will continue for at least a week so we can have a good year end,but i dont consider now using crypto for buying gifts rather use Fiat this year like what i did in 2018.

I don’t think it pays off. I think this test will be very expensive for its tester, unfortunately 2020 is already coming and in my opinion home mining is not effective

If they does not reduce the fees for teh traders obviously the people who give the lesser fee than them will be capture the trading volume on their platform.
We just need focus on the good exchange also at the same time because the users are looking for good exchange first and then they want to have the fee also as a matter of it.

"Proof-of-work is essentially one-CPU-one-vote."
Satoshi nakamoto




As we all know, mining is now completely centralized. Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies.

Questions:

Does the modern cryptocurrency community need this principle of Satoshi Nakamoto?

Maybe it's time to abandon it and admit that ONLY money should always release new money?