The latest news about that incident is that they're now back at it again and just restarted. It probably had an effect on crypto but didn't do that much.
What's impactful is the new statement of Elon that they're no longer going to accept bitcoin payments for the purchase of their Tesla cars. After his words, there's a sudden drop of around 6% for bitcoin.
As per the official statement released by Elon, Tesla has stopped accepting Bitcoin because of concerns regarding the fossil fuel usage for Bitcoin mining. It had nothing to do with the pipeline hack, as far as I know. Elon is just trying to manipulate the cryptocurrency market according to his own whims and fancies. Now he will come up with his own PoS shitcoin or promote some already existing shitcoin and claim that it is more environmentally friendly when compared to Bitcoin. This guy is a big fraud. |
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Sacking Kohli is not the solution, appointing strong selectors seems right solution to me. If BCCI wants to solve this situation for good (although according to them its not a big issue, or there is virtually no problem in the current system) then everyone/majority of em need to be strong enough to stand against the bullying which Virat does sometimes.
Don't think that it is going to happen anytime soon. Virat Kohli has grown bigger than the team. Even MS Dhoni, at his peak never enjoyed this much dominance. The BCCI could think about taking disciplinary action against Dhoni (in case it was required), but doing so against Kohli is unthinkable. Now Kohli has become so powerful that he give orders to the coach and the coach follows them (rather than the other way around). And also, as long as the team is doing well no one really cares about the other aspects (which includes selection). |
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Yes in my country several people have already died from the coronavirus while they had received 2 injections of the Comirnaty(Pfizer-BioNTech) or the Moderna vaccine, so obviously the protection doesn't work at a 100% rate. A 90 or 95% rate is a huge rate for a vaccine but there will be way more than 100 athletes at the Tokyo Summer games. That means some athletes will certainly get sick even if they had been vaccinated, statistically speaking.
Pfizer claims to have 95% efficacy against contracting COVID 19, and almost 100% efficacy against severe infection. If someone had died after receiving two doses of the vaccine then such incidents will be very rare and in most cases the comorbidities may have caused it. I agree that 95% is not 100%. But remember that the athletes will be inside a biosecure bubble, and the chances that someone come in to contact with the virus is very small to start with. |
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I can't understand why everyone is so up in arms against Elon Musk? This guy supported the market much more with his statements than the facts of buying and then selling 10% of the bought bitcoins. His twitter statements clearly show this. Thanks to his statements and position, the community of cryptocurrency users is expanding, which in my opinion is valuable in itself. His investments also play a positive role and give a signal to other big investors to buy, and as a result, this affects the rise in the price of bitcoin. Then what's the problem?
No one is denying the fact that Elon Musk is at least partially responsible for the bull run. He was also behind the decision by Tesla to purchase Bitcoin worth $1.5 billion in January 2021. Also, he played his part in Telsa's decision to accept Bitcoin as a payment method for its EVs. So I would say that Elon Musk has done a lot of great things for Bitcoin. But during the last few weeks, his behavior has been disappointing. He has again and again propped up shitcoins such as Doge. He is free to do so, but I don't know whether this is very ethical. |
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We might really be seeing a promising project like ADA which they claimed to be perfect when scaling since it's going to be a lot faster when more are joining the network.
I haven't checked ADA but I no longer have any faith. Shitcoins like ETH have also been claiming to be "perfect when scaling". They even went as far as starting a scam campaign called "flippening" where they claimed they will replace bitcoin since they are "better". Experts have been warning people about these false advertisements for years and nobody listened. Now they learn it the hard way. I wonder how long before ETH network goes down again like 2017 and exchanges are forced to shut down its deposit and withdrawals again! Everyone know what happened to Ethereum in 2018. It lost more than 95% of its value when the bubble burst. And this is what happens when a project without enough merit is overhyped. The same will happen once more, but I am not sure about the dates. It can occur in the next few months, or it can occur next year. Eventually the bubble is going to burst. ADA looks like a better coin for me. But the developers are very incompetent. When I made my first investment in this coin, I had a hard time in storing my coins. Because there was no option other than to install the full wallet (Daedalus). |
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Of course. We must also think that the US is more capitalist than Venezuela, of course, but it is not the paradigm of free market and absence of regulations. There are many things I don't like there, and some of them have been mentioned by @dezoel, but communist style redistribution always ends in disaster. The plus point for United States is that even with the Democrat party, there are factions that are opposed to socialist policies. But nowadays it is the extreme-left, which is dominating the party. Some of the proposals from the current Biden administration reminds me of extreme-left. One example is the proposal to tax capital gains on par with the income tax. At present none of the countries have such high taxes on capital gains, for obvious reasons. Now let's see whether these proposals will get the required support. |
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Hispo : I'm talking about the bit of France in your corner of the world, French Guiana. Some people speak Spanish there. It's mostly the Amazon jungle and the coast, I have no idea what you could do there, just saying it's relatively safe. And there are plenty of illegal immigrants already.
Why he needs to migrate illegally? Why not the legal route? Is it that hard to get a work permit in French Guiana? I am not sure whether anyone from Venezuela would prefer GF, since it is a French speaking territory and due to the difficulties in getting a visa. I think he has already posted that it is much easier to migrate to either Brazil or Argentina. No one really likes to leave behind his/hers homeland. But I don't think that the Venezuelans have much of a choice here. |
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Everyone who is aged 18 and above are responsible for their own actions. If you don't know when to stop, you should not gamble. As simple as that. I have seen a lot of people getting ruined as a result of gambling addiction. The problem here is that people refuse to admit that they have lost and continue to chase after the losses. And in turn, this results in even heavier losses. And then the church organizations and other lobbying groups use these incidents, to ask for a blanket ban on gambling.
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Of course, it is still after the money though, remember that they have a good lifestyle in the Philippines, his wife Jinky is a A-lister and then their families and friends. Yes, Manny has a lot of investments, but with just one fight, he will get a lot of money so he needs to save before he retires and then embark on his career as a politician. No amount of money is going to be enough, as per the human psychology. And there is a lot of difference between $10 million (which was offered to Pacquiao for his proposed fight against Terence Crawford) and $100 million (which he received during his fight against Floyd Mayweather in 2015). And for someone who is worth around $250 million, these amounts are going to be significant. Because there won't be any significant earnings, once he retires from the boxing scene. |
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what's "substantial" for warren is considerable and integral for the ones that are at the lower echelons of the society. The ones that are impoverished are most affected by the never-ending inflation of the US dollar, which further subjects them to a substandard way of living that I believe Warren wouldn't be able to survive had the positions been switched between them.
I would rather disagree. Inflation has the most negative impact on the middle class, and not on the lower class or the rich. The poor usually don't have any savings and their earnings from various blue collar jobs increase with respect to inflation. The middle class on the other hand will witness the net worth of their savings go down as a result of inflation (unless they are saving in the form of some asset that is protected against inflation - such as gold or Bitcoin). |
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I think it won't happen anytime soon. Although I'm not closing the possibilities.
China has been far ahead in terms of combatting the pandemic crisis. I applaud their pacing in addressing the needs of their citizens despite having a breakout early last year in one of their cities. China's economy has slowly recovered compared to the neighboring countries that are still stuck from lockdowns and quarantine protocols. Which I think have a nice impact to their economy because the residents can freely move and the businesses are fully operational.
However, let's also put into consideration that the vaccines are on roll already. Soon enough, majority of the countries will achieve herd immuty through the help of vaccinations. This will help most countries recover, particularly the US. Let's not forget that US is still the leading country in the world despite the pandemic crisis. So, I think, China will still have a hard time competing to get the top spot and replace US as having the largest global economy by 2028.
But then again, who knows? Only time can tell. There is no pandemic in China. They managed to contain the pandemic many months back and the isolated cases that are being reported from there are migrated individuals coming from other countries. China, despite a population of 1.41 billion remains the only country in the world which has eradicated the pandemic, and all the other countries are struggling to contain it. And I am not sure whether vaccination can completely eradicate COVID 19. Because countries such as Seychelles and UK have achieved more than 50% vaccination rate. But even now, dozens of deaths are being reported from these countries everyday. |
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Even with the vaccine you need to follow the protocol as there are chances you will be infected if you are not following the social distancing norms and the only positive side of vaccine is that the infection will not turn deadly. I am expecting the Olympic to conduct the entire event in a huge bubble, i know it is an impossible task but that is their only option right now. Well.. that is the plan. Across Europe, various football leagues are being conducted by setting up bubbles. Same will be the case with the Tokyo Olympics as well. But the added complexity here is that the Olympics involves tens of thousands of athletes and other staff from more than two hundreds countries across the globe. The numbers involved are huge and there is no room for any mistake. If a single person is infected inside the bubble, then the virus can spread to the other athletes. |
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There is a complete lock down in different states and you can only hope that everything will be fine in the next couple of months, which i think is wishful thinking and even if the situation calms down from the pathetic stage we are in right now, we should anticipate another wave and i do not think we will be back to normal in the near future.
The BCCI was confident in conducting the IPL and it failed big time and i think if they want to conduct the IPL and the T20 World cup here in India i am not sure whether they can do that successfully.
A lot of money is involved and that is why the section of BCCI which is made up of former players (such as Ganguly) wants the matches to be shifted to the UAE, while the other section is opposing it. Now the COVID 19 cases in India seems to have peaked. But that doesn't mean that the number of active cases will reduce by 90% overnight. It will be a gradual reduction and may take some time to get back to normal. The BCCI officials are pushing too hard, and in the end it will create issues for the organizers and TV broadcasters. |
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Bitcoin dominance has hit 43%. If I am not wrong, the lowest we had in 2017 was 37% and we are rapidly approaching that level. Bitcoin had above 60% market share two months ago, but it eroded after that. One thing that I have noticed is that in 2017, during the month of May the dominance was 45%, which is very close to the current levels. It dipped to 37% in June and then slowly increased to above 60% when the ATH was attained (December 2017). Is this pattern going to repeat in 2021?
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As far as I know, Dogecoin has hardly any real life usage. Even for payments, there are far more stores and outlets accepting altcoins such as Ethereum Classic, Litecoin and Bitcoin Cash compared to those which accept Dogecoin. On top of that, the high volatility and limited liquidity makes Dogecoin unsuitable for making payments. Apart from this, I don't think that Dogecoin has any other uses. So the spike is almost solely coming from the social media hype, triggered by celebrities such as Elon Musk.
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Just like the other countries that have imposed lockdowns, it has increased the unemployment and made the economy worse because there are a few people that work and they're the only essentials.
I think lockdowns did help to mitigate the spread of the virus but that's a given result for doing it, economy going down but that's temporal.
Around 20%-30% of the Indian population are migrants from the villages who are employed in informal sectors in the urban centers. This section was the hardest hit group during the lockdowns. As long as the pandemic is there, this group will be mostly unemployed. The reason is that the middle class is mostly staying at home and they are not employing these migrants. Even without the lockdown, they were in a precarious situation. The lockdown just made things worse for them. |
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The funny thing about the current administration is that right wing doesn't like him and call him a far left, and the far left calls him a moderate and not left enough.
You are calling him a far left person during this period, yet here I am as a progressive from Bernie/AOC type level and I can honestly tell you that he has been quite moderate for a very long time and he keeps going with that during his situation. He promised student debt cancelling, he hasn't done that, he promised 2000 checks but only given 1400 and to just certain poor people (even though it covered almost anyone aside from millionaires) and he once again attacked other nations while even trump who someone far left like me keeps saying a right win nut removed our troops from other nations whereas a democrat like Biden once again attacked other nations.
So far to me, as a progressive leftist, Biden has been just a disappointment and that's it. Sure he is still 100 times better than Trump to me, but he is also 100 times worse than Bernie for me.
Someone who imposes crazy ideas like a 55% capital gains tax will be called a socialist (irrespective of the country or geography). I really doubt whether Bernie could have raised the taxes any higher than Biden. Trump was neither left nor right. He was a businessman. He might have aligned with the right, because it is clear that the left-wing will definitely reject his pro-business policies. Before aligning with the right, in an economical sense Trump was more left wing than either Biden or Bernie. Back in 1999, he proposed a one-time 14.5% wealth tax on the rich, which he claimed would eradicate the American federal debt. His own words here: “By my calculations, 1 percent of Americans, who control 90 percent of the wealth in this country, would be affected by my plan. The other 99 percent of the people would get deep reductions in their federal income taxes.” This proposal would get him branded as a radical-left nut by the Republicans at that time. But Trump was right. If you want to tax the rich, then you have to impose a wealth tax. Because income tax and capital gains tax only target the middle class. The uber-rich almost never sell any of their capital assets and therefore these taxes doesn't impact them. Democrats claim to care for the poor by taxing the rich. But in reality all they are doing is to take money from the middle class and distribute it among the Unions and the welfare rats. You will never find Democrats talking about the wealth tax, because that will force many of their supporters such as Jeff Bezos, Mark Zuckerberg and Bill Gates to pay substantial taxes for the first time. |
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Your argument makes sense but there is a reason why the rules are there for a reason, he has a conflict of interest and in many occupations the way it deals with this is the same, you need to choose one or the other occupation and never both, a lawyer cannot at any moment take two different sides of the same case, he can only hear one side and the moment he does and receives payment he cannot even listen to the other side or he will have an unfair advantage and the same is happening here. I can understand the argument put forward by UEFA. Being a player, Zlatan should keep away from gambling sites. If he has an interest in the gambling sites, then it gets murky. The amount of profit his company is going to earn may change as per the outcome of the matches in which he is taking part. But my question is not related to the fairness of the charges against Zlatan. My question is why the UEFA dragged on their investigation, despite these facts being known for so long. The news first came to surface in 2018. Why they were in deep slumber for all these years? |
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I don't think that the performance of a gambler depends on the age, unless he is not in good health. With age, experience increases and it comes handy at times. But younger people will have more agility. And another thing is that younger people tend to take more risk, while the same people will have lower risk taking appetite, once they move to middle ages. Now this can be either an advantage or a disadvantage, depending on the occasion. Sometimes a lower risk taking policy would save you from complete bankruptcy. Some other time, it may deny you a jackpot.
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He is 100% correct. Look at ETH and how vitalik controls it, look at BNB and how CZ controls it, look at XRP and how Ripple company controls it. At the end of the day they are really securities because of that and that is what I believe he is talking about. Don't get him wrong, this dude is a big crypto fan and he has always been in favor of making good regulations for crypto so that it could be go up super high and become better.
At the end of the day there is really nothing he would say just to hurt crypto, he is just saying what he thinks and that is the thing about this as well, he is saying the truth because most of them ARE controlled by people at the top and that makes it a securities very easily. I believe if this could be handled, we could either have a lot more registered crypto in USA or we would have really true decentralized ones.
Have to agree with you on ETH, BNB and XRP. There is very little decentralization with these coins. Personally I don't really care what future steps will be taken by the SEC. They have explicitly stated that Bitcoin doesn't come under the scope. That's all I care about. The altcoins are like a hyper-inflated bubble now and they can burst at any point of time. The only question now is what will be the trigger for such an event, and when is it likely to happen. |
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