India is the only large Govt that has tried to ban the use of crypto...They intend to make their own... But how do they ban it really? You literally have to turn off the internet.

Nonetheless....here is an article on the same subject but a much different tone than the blanket Ban statements.
https://www.financemagnates.com/cry...lly-ban-crypto-experts-say-its-unlikely/


And of course its something to think about. I have long and hard because my retirement and way of life depend on it...The scare of XRP and the SEC lawsuit showed that front and center, many knew the SEC was going after Ripple as the shady way they raised money raised significant red flags....With that said, only had a small position in something that risky. But in the end, this is the way the world is going, it can't be stopped but it can be regulated. And that's precisely what the industry needs and looking for. Weed out the 1500 or so tokens out there that are truly scams or "chitcoins" and let the use case tokens thrive.

Further - India corporations are using Blockchain and the utility tokens that serve as the fuel for the network..there are many.

Here's the deal......way to many people hear crypto and they immediately think of it as a replacement currency. 90% of the tokens out there are NOT currencies or currency replacements. Most tokens are the rewards for miners on the blockchain that allow for the blockchain to operate. If there wasn't an incentive for the network operators, it would not function. And those same tokens have value as the use of a particular blockchain gains adoption. Another way to classify it - your business wants to utilize a particular blockchain for supply chain management, tracking produce from the farmer - processor - distributor - retailer .... Access to the blockchain requires the use of their Utility token.... Man, it's hard to explain in a reply but here is a copy paste of what a Utility token actually is in the basic sense:
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Utility tokens offer the right to a service or product
A utility token has a wider functionality than a coin. Utility tokens do have value, but they cannot be considered money as straightforward as a coin.

Utility tokens can provide value to investors in different ways. They give users access to a product or service.

A Uber token, for example, could be used to pay for a ride with a Uber car. But not for anything else. If you wanted to use the Uber token to buy another product or service, you would first have to exchange it against either fiat money or a crypto-coin such as bitcoin.

In practice, the use of these terminologies is not as sharp and clear-cut. The terms “coin” and “token” are often used synonymously. The blockchain industry is still young, so the language will evolve over time. However, most industry insiders agree on the broad distinction that a coin is cash and a token is basically everything else.

What would be the benefit of someone using crypto to buy an uber-coin? I just can't get straight in my mind what the value provided by the crypto is?

do you have to buy a full coin or can you buy fractions of one? I just don't have $35-50,000 to play with in the market.

India is the only large Govt that has tried to ban the use of crypto...They intend to make their own... But how do they ban it really? You literally have to turn off the internet.

If there is anything we learned from Gamestonk, it's that the oligarchy aren't gonna let poor folks get rich, if there is anything they can do about it. Since they already own politicians, then banning crypto seems like a super logical step IMHO.

As for discounts, why would Uber offer discounts for crypto users? I don't see crypto like the modern version of groupon...

This is a real concern. The video game my grandson plays unexpectedly updated and he lost all of the weapons and shields he had purchased.

I hear ya!. My grandson buys imaginery weapons and stuff all the time. I can't convince him what a goofy practice this is.

If there is anything we learned from Gamestonk, it's that the oligarchy aren't gonna let poor folks get rich, if there is anything they can do about it. Since they already own politicians, then banning crypto seems like a super logical step IMHO.

As for discounts, why would Uber offer discounts for crypto users? I don't see crypto like the modern version of groupon...

Bitcoin payment for their portion = more profit if it’s going up. The dollar isn’t going to grow for ya, interest is terrible.

I bet your grandson's imaginary weapons aren't worth 6 figures.