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Comment Re: Punished for being too successful (Score 1) 89

1. You are NOT being FORCED to use the interconnect feature !

2. If you have sensitive communication then ensure both use the same app. Or better still encrypt with a separate app in your control

3. It's quite dumb to think that encryption protocol aren't standardized in this day n age. Entire internet works on encrypted endpoints seamlessly. Just stop drawing your Alice & Bob PKI diagrams

3. Next thing you will say voice communications between different telcos can't work, we can only call people on the same telco network ? Because its technically impossible :)

Comment Re: Misleading - your funds live on the blockchain (Score 1) 166

It does work, but hardly any wallets support entering the hex num, most will take the 12/24 words.

You can just convert number to 12/24 words when u need to recreate the wallet/pvtkey.

(I have been fiddling around with a smart card crypto wallet that only takes the hex num instead of 12/24 word mnemonic so I have been trying this exact thing)

The question remains though that why is the usb needed at all when u have the recovery phrase on a paper !

Comment Win11 in same category as Crypto, Bitcoin mining, (Score 1) 149

Windows 11 is significantly better than win10 right from the initial dev/beta builds and is quite simple to run on supposedly unsupported pc / laptops.

It seems to have fallen in the same category of irrational hate of the slashdot crowd as most other things l guess. Like Cryptocurrency, Bitcoin mining, Trump/Biden, Anti or Pro Vax/Mask, Big Pharma, Big Tech... almost every thing

Comment Re: What about Stephen Hawking? (Score 1) 44

Absolutely, this shit of treating embryos as legally a human child/ person needs to stop. It's still borderline fine if someone believes it in a religion but not legally. That's fully taliban territory

There are people who consider sperms as having rights too ! It's not a slippery slope but a huge cliff.

Next you know we have to file a petition in supreme court before jerking off else go to jail ?
What if both the partners' umm.. 'juices' get mixed up on the bed sheet ? Rush it to an incubator ??

Next some says all monkey are human too, just in an early phase of development. So killing a monkey is basically denying life to some future human who would've been born.

By that logic you have to shift to some Taliban country - because refusing sex or using a condom is pretty clearly murder of the worst kind.

How this shit gets accepted by some US Courts is beyond understanding.

It's the exclusive right of the person getting pregnant and any law that forces such a cruel and unusual physical torture on her if she doesnt want is bonkers, apart from being unenforceable because being born to a mom who really hates being physically forced to deliver you is going to fuck up the kids life in worse ways than not being born.

Assume your employer files a case banning you from having a required medical amputation because they need your hands for some work which affects the whole country (like for eg u were supposed to kill Putin but now u need your leg amputated due to diabetic necrosis or some shit) ??

Even simpler, just think what you would do if you were physically forced to accept my arguments and post in my favour when u absolutely dont agree with me ??

Let's see you do that tiny thing before getting even an iota of doubt that there's anything justified in even thinking about abortion bans. /end rant

Comment 30% income tax is still fine, t's the 1% TDS deduc (Score 1) 12

It's the 1% TDS deduction on EVERY transaction (unless you do less than like $200 cumulative for whole year), which is going to kill the entire thing.

The guy who is paying has to deduct 1% then deposit it in fiat online to govt (IRS equivalent called Dept of Income Tax or DIT) and provide receipt to other party with both parties tax ID numbers (PAN)

So all smart contracts and crypto-crypto swaps and liquidity pools / staking etc or anything automated gets almost stopped

Traders or those doing many transactions in a day like 20-50 or more get a liquidity problem as 50% capital will get stuck for a quarter till govt refunds it to you or adjusts it against your tax dues payable.

The absolute 30% tax would still be doable but NO deductions are allowed, not even mining cost capex opex commission etc.

On top of this they plan to levy GST/VAT on all services and maybe even crypto crypto swaps taking crypto to be a commodity.

And none of this implies crypto is legally allowed. That's an unknown thing but we can assume they don't want to do that except for ponzu schemes. Advertisements are already restricted I think as a huge number of middle and lower income people have bought crypto (small amounts probably) but are being taken for a ride very frequently in news. Fly by night exchanges just take their money and never wvwm but any crypto, just disappear one day.

Probably only qualified investors should be allowed and taxed like normal business profits with costs being allowed to be set off rather than on top line.

There area lot of big blockchain projects including government ones like covid certificates /pass, banks blockchain and so on which are also hindered by the 1% TDS deduction.

It's just a ow way of banning crypto so that people can exit with some losses I guess.

Not many solutions are possible because this thing is very amenable to tax loopholes if you allow any deduction of costs etc.

But people are working on some technical solutions and govt might find out revenue potential is fairly big so they will dilute some regulations.

Comment Re: Someone needs to tell them... (Score 1) 166

Maybe I am doing something wrong but I was trying out 20-30 of the web3 apps/sites and most of them made me save a private key (which I have to paste next time to login!), then made me generate child keys and select less permissions for them (like allowed to post but not allowed to delete comments or change authentication) Now I have sort of 100 pvt keys in notepad n edge pwd mgr.

Some authenticated with my wallet metamask (which again needed my metamask password) but I didnt like the idea of authentication through an app which has access to some funds and which is just an extension or app that any web script could draw to look similar.

Is there a better way for web3 logins ?

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