Binance is just a trading platform and when Mr. Muzamil Hasan asked excellent questions ( 2 of them) regarding use case for Crypto like Bitcoin- Zero value added. I really liked when Muzamil used example of Amazon and how when Amazon creates value in its business and this gets reflected in increased share price and asked how does Crypto like Bitcoin create value? BS answer. In the defense of 2 guests , they are brokers representing a trading platform. Its not their job to tell people how Crypto coins create value.
Dear Muzamil, please keep in mind the level and area of expertise your guests when asking questions ( you always do ) but this time it was very obvious some of your questions were way out of league for your guests.
This comment is going to be a long one so please bear with me. Before I go on with the comment, I am a big believer of the Blockchain technology and not necessarily any specific coin. So the first thing we need to understand is that Binance is a FOR PROFIT organization just like any other and for them crypto is their business and you cannot expect businesses to do things just because of the kindness in their hearts (and they shouldnt ). For Binance to make money, people need to make transfers. 10:41 : Is crypto legal in Pakistan As mentioned in the podcast, Crypto isn't Illegal its just not regulated. Here is a notice from State Bank Pakistan on this matter: www.sbp.org.pk/warnings/pdf/2018/PBNT-VC.pdf 22:40 Sh*t coins Again binance is a Trading platform, they will list anything that the people want. I wouldn't blame them if they list any Sh*t coins because they will list any coin that makes them money. If you look into BEP20, you can generate a token within a few minutes and for 10€. Getting a coin listed is a bit difficult but if you are able to hype up your project and buy enough bots on twitter you could get your coin listed. 29:10 Value of coins Most coins are valued because people value them, there is NO utility behind them. Its simply because of Demand and supply. Bitcoin for example has no utility (atleast on its own as a layer 1 token). Its utility is because its the first, has a limited supply and no one knows who Satoshi is. ETH is a different story and so are many others. But at the end of the day it depends on the adoption. If more people use ETH, its value increases. If the development in ADA increases its value increases and so on (in terms of utility). 33:00 1 to 1 Backing I would be not be shocked if that wasn't the case. For example the 1-to-1 backing of Tether has been questioned so many times, here is a timeline (amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/). I would look at what happened with FTX. They created a coin out of thin air. Gave it a value, then based on that value they lent this coin and got value out of that. As soon as Binance sold all its FTT token, the value of the token fell and thus the whole system of FTX crumbled. I obvously over simplified the story but its definitly something to look into. Also look into LUNA if you are at it. I am not saying traditional banking system doesnt have its flaws (bernie madoff ponzi scheme, 2008 Financial crisis and so many others) 45:00 Proof and security Not your keys not your coin. Its as simple as that. Keep your coins offline and not on an exchange. There are so many bad actors out there, just look at the latest Coffeezilla series to see how this world works ( Cryptozoo and Traders Domain) 59:38 Decentralized Future As higher layers develop, the fee structure would become better and transactions would become even faster. Sorry for the spelling mistakes, I am no crypto expert but do dabble in the blockchain technology a bit. These are only my opinions and I could be totally wrong that is why Always do your own research. Question anything you do not understand and try to get informed on that. Finally never buy a coin just because your favourite Social Media Personality is promoting it.
Pakistan went from 3rd to 6th partly because of the gambling addiction of Pakistanis. Moreover, high crypto ownership and low cashless adoption is just another instance of their dodgy rent-seeking.
the only podcast I did not find useful. The questions were ok but the guests were not the ones to be asked or they did not prepare. In any case if you want to educate people in this domain then you need to have better guests or more to the point question. (P.s: It could be that I was way to dumb for this podcast but I would like think otherwise.)
muzamil bhai me apka bht bara fan supporter hoon lekin yaar ye buhat galat hai apka mind bht jaldi badalta hai app ny propakistan podcast me bola k crypto me ni sikhta ya baat karta ku k mulk ka nuqsan hai ab itni jaldi itna opinion change hojana ye koi samajdari wali baat to na hoi btw keep up the good work❤
I tried to listen to this podcast 3 times but couldn't. Questions were not good and guests were not answering those questions from binance's perspective, kept going in circles. I like the last few podcasts but this one..
As a host you should provide time to your guests to express their views. O have noticed several times that you go out of context, that takes a viewer in to the dilemma. Please summarise your questions before starting the podcast. You cannot cover all the problems in one show.
Binance is just a trading platform and when Mr. Muzamil Hasan asked excellent questions ( 2 of them) regarding use case for Crypto like Bitcoin- Zero value added. I really liked when Muzamil used example of Amazon and how when Amazon creates value in its business and this gets reflected in increased share price and asked how does Crypto like Bitcoin create value? BS answer. In the defense of 2 guests , they are brokers representing a trading platform. Its not their job to tell people how Crypto coins create value.
Can we do crypto trading in pakistan plz tell
@@abdulrahmanrahim-x9r yes waqar zka k paid group jion kro 1400 month pi wo daily 4 signals dita hi and we earn like 30 doller day
So can we do crypto trading
@49:42 Actually 1400 years ago, coins were there.
Does digital currency or crypto taxable in pakistan ?
Dear Muzamil, please keep in mind the level and area of expertise your guests when asking questions ( you always do ) but this time it was very obvious some of your questions were way out of league for your guests.
Crypto is future ❤
Please bring Iran Malik regarding AI and ML on podcast I am certain it will be a hit
Irfan Malik*
This comment is going to be a long one so please bear with me.
Before I go on with the comment, I am a big believer of the Blockchain technology and not necessarily any specific coin.
So the first thing we need to understand is that Binance is a FOR PROFIT organization just like any other and for them crypto is their business and you cannot expect businesses to do things just because of the kindness in their hearts (and they shouldnt ). For Binance to make money, people need to make transfers.
10:41 : Is crypto legal in Pakistan
As mentioned in the podcast, Crypto isn't Illegal its just not regulated. Here is a notice from State Bank Pakistan on this matter: www.sbp.org.pk/warnings/pdf/2018/PBNT-VC.pdf
22:40 Sh*t coins
Again binance is a Trading platform, they will list anything that the people want. I wouldn't blame them if they list any Sh*t coins because they will list any coin that makes them money. If you look into BEP20, you can generate a token within a few minutes and for 10€. Getting a coin listed is a bit difficult but if you are able to hype up your project and buy enough bots on twitter you could get your coin listed.
29:10 Value of coins
Most coins are valued because people value them, there is NO utility behind them. Its simply because of Demand and supply. Bitcoin for example has no utility (atleast on its own as a layer 1 token). Its utility is because its the first, has a limited supply and no one knows who Satoshi is. ETH is a different story and so are many others. But at the end of the day it depends on the adoption. If more people use ETH, its value increases. If the development in ADA increases its value increases and so on (in terms of utility).
33:00 1 to 1 Backing
I would be not be shocked if that wasn't the case. For example the 1-to-1 backing of Tether has been questioned so many times, here is a timeline (amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/). I would look at what happened with FTX. They created a coin out of thin air. Gave it a value, then based on that value they lent this coin and got value out of that. As soon as Binance sold all its FTT token, the value of the token fell and thus the whole system of FTX crumbled. I obvously over simplified the story but its definitly something to look into. Also look into LUNA if you are at it. I am not saying traditional banking system doesnt have its flaws (bernie madoff ponzi scheme, 2008 Financial crisis and so many others)
45:00 Proof and security
Not your keys not your coin. Its as simple as that. Keep your coins offline and not on an exchange. There are so many bad actors out there, just look at the latest Coffeezilla series to see how this world works ( Cryptozoo and Traders Domain)
59:38 Decentralized Future
As higher layers develop, the fee structure would become better and transactions would become even faster.
Sorry for the spelling mistakes, I am no crypto expert but do dabble in the blockchain technology a bit. These are only my opinions and I could be totally wrong that is why Always do your own research. Question anything you do not understand and try to get informed on that. Finally never buy a coin just because your favourite Social Media Personality is promoting it.
You should be a guest on the podcast.
Appreciate the clarity of thought 🎉
As long as people are treading crypto as a form of asset, it's not viable. But once people take it as a currency, that's where the good things start
Your podcasts are like reading books
I am the first to watch this Podcast 🔥💯
Pakistan went from 3rd to 6th partly because of the gambling addiction of Pakistanis. Moreover, high crypto ownership and low cashless adoption is just another instance of their dodgy rent-seeking.
"promo sm" 🤷
❤ U sir G
U r doing great work ❤❤❤❤❤
the only podcast I did not find useful. The questions were ok but the guests were not the ones to be asked or they did not prepare. In any case if you want to educate people in this domain then you need to have better guests or more to the point question.
(P.s: It could be that I was way to dumb for this podcast but I would like think otherwise.)
muzamil bhai me apka bht bara fan supporter hoon lekin yaar
ye buhat galat hai apka mind bht jaldi badalta hai app ny propakistan podcast me bola k crypto me ni sikhta ya baat karta ku k mulk ka nuqsan hai ab itni jaldi itna opinion change hojana ye koi samajdari wali baat to na hoi
btw keep up the good work❤
I tried to listen to this podcast 3 times but couldn't. Questions were not good and guests were not answering those questions from binance's perspective, kept going in circles. I like the last few podcasts but this one..
I've seen Humza Khan podcast with Junaid akram too, and even in this podcast, his arguments are too vague
As a host you should provide time to your guests to express their views. O have noticed several times that you go out of context, that takes a viewer in to the dilemma. Please summarise your questions before starting the podcast. You cannot cover all the problems in one show.
😍
please have an interview of Ahmad Samaak
💯
Probably the most useless conversation. No disrespect to anyone. Muzammil asked exceptionaly good questions but dudes were there just for buff
Nice
Questions were not so productive... Routine Questions
Crypto is nothing but a scam but binance overall is a good platform for investing in dollars.