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121  Economy / Economics / Defying gravity, 2022 Climate Tech VC funding totals $70.1B, up 89% on 2021 on: February 27, 2023, 11:50:59 PM
Quote
3,300+ global venture funding rounds delivered $70.1B of Climate Tech VC investment in 2022, nearly double 2021's record total.

Global Climate Tech Venture Capital had an exceptionally strong 2022 delivering $70.1B of investment, defying gravity in a broader market that has fallen significantly. Expect 2023 to moderate amid a challenging economic backdrop, however Climate Tech will enjoy preferential allocation and has mobilized a focused investor base competing for quality flow.
2022 was an enormous year for Climate Tech VC. The US invested more Climate Tech VC in 2022 than the entire 2006-2011 Clean Tech 1.0 Boom and at the current pace of investment, by the end of 2023, the US will have invested over $100B in VC since then. Europe's venture funding into Climate Tech more than doubled in 2022, out investing China for the first time and together with a huge rise in India and around the world, grew 89% globally on 2021's record.

HolonIQ's quarterly wrap on Climate Tech VC is based solely on our proprietary impact intelligence platform. All data is sourced directly by HolonIQ technology and analysts from public disclosures and private submissions by governments, companies and investors around the world. This analysis is focused exclusively on venture capital and as such we exclude all private equity buyouts, corporate subsidiary funding, project finance, public funding, grant and academic funding to ensure we are primarily tracking flows of venture focused equity risk capital.

Climate Tech Venture investment is now 40x larger than it was a decade ago. With innovation surging across the entire Climate Tech Landscape, notable mega rounds included 🇸🇪 Northvolt's $1.1B growth round, 🇺🇸 TeraWatt’s $1.0B Series A, 🇺🇸 TerraPowers $750M+ growth round, 🇨🇳 RT Advanced Materials $740M, 🇨🇳 Voyah's $700M Series A, 🇨🇭Climework's $650M growth round and 🇺🇸 EnergyX's $450m growth round joining 160+ other companies that closed a $100M+ Mega Round in Climate Tech through 2023.

As of 2 January 2023, there are 83 Climate Tech Unicorns around the world who are now collectively valued at $180B+. 2022 saw a new Climate Tech Unicorn every two weeks on average, with a range of public market exits, SPACs a popular route as the traditional IPO proved challenging more broadly.

Figure 1



Img link:  https://i.ibb.co/b5k8GZ9/figure-1.jpg

Global growth of 89% in Climate Tech VC was achieved through growth in all major markets. The US leads VC investment in Climate Tech today, taking over from China in 2019 as regulatory changes have enabled state sponsored and corporate companies to effectively take over from traditional VC's who now invest alongside those corporations.

The US has seen strong investment momentum quite recently and by mid to late 2023, the US alone will have invested over $100B of VC into Climate Tech since 2010. The original Clean Tech Boom from 2006 to 2011 saw investors commit $25B+ of VC. With such a strong wave of Climate Tech VC through 2022, the comparison with Clean Tech 1.0 will diminish, so long as this wave is sustained.

Figure 2



Img link:  https://i.ibb.co/BVnStv8/figure-2.jpg

The Open-Source Global Climate Tech Landscape is our primary reference for a granular understanding of the trends and patterns emerging in Climate Tech. Leveraging new charts and analytics on HolonIQ's Intelligence Platform, we are now able to explore high granularity patterns and trends with 'X-Ray Charts' in HolonIQ's data analytics studio, adjusting for different time frames and geographic dimensions to see the anatomy and composition of insights over time.

Figure 3 shows an 'X-Ray Chart' to see the underlying share of each cluster of the Global Climate Tech Landscape, aligned to the sub-sectors shown in figure 2 and below colored as different columns of that chart. Within each sub-sector/column, the clusters are revealed to show their share of the 3,300+ Climate Tech Venture funding rounds that occurred through 2022.

Figure 3



Img link:  https://i.ibb.co/16qZWpd/figure-3.jpg

From left to right across the taxonomy by sub-sector in each color and by VC deal count, we see Renewables was dominated by Solar. Alternative Resources are smaller by number although they're outsized as revealed in a 'dollars' perspective due to a lower volume of higher value investments in Nuclear, Hydrogen and Critical Minerals. In Storage and Distribution we continue to see Batteries dominate followed by Alternative Storage technologies (non Battery), Energy Grids for distribution and EV Charging all representing substantial numbers of investments.

The Biosphere sub-sector is under-represented in VC investment, although we're seeing an acceleration in solutions addressing Land Capital, Air Quality, Forest preservation and restoration, and Oceans and Water solutions. The Food System is broadly represented by upstream agricultural and alternative products, excluding retail and distribution. Alternative Meat and Seafood, Dairy and Egg, Smart Farming and technology to support Crops and Livestock mitigation and adaptation were all well funded through 2022. In the Circular Economy, investment was dominated in Sustainable Materials, followed by Recycling, Solid and Wastewater and Textiles alternatives/enhancements are also gaining share.

Carbon markets have seen a boom since 2021 levels, whether in Capture, Storage, Offsets or Accounting. We see the world evolve around Climate Data and Finance including our IoT (Internet of Things) cluster that will shortly be re-framed to capture earth observation and measurement spanning to include from smaller IoT enabled hardware in the environment to space based observation and other environmental observation, measurement and tracking devices and systems.

Construction and Transport Infrastructure dominate the built environment technologies, with Commercial and Residential buildings, Heating and Cooling solutions rounding out a well funded sub-sector. Finally in Mobility, Vehicles (cars, trucks and motorcycles) continue to be a very popular category. Micro-mobility is maturing and in emerging markets has strong continued momentum, along with innovations across electric and eVTOL aircraft, electric and hydrogen/wind powered boats and ships and next generation rolling stock and trains.

Figure 4



Img link:  https://i.ibb.co/FqYm6CB/figure-4.jpg

In figure 4, and beyond the activity levels of funding rounds, the 'X-Ray' above shows how the funding was distributed in USD (figure 3 represents share of deals, figure 4 represents share of dollars). This perspective is of course skewed by large mega-funding rounds (160+ in 2022) and as such can form a very different representation to that of funding rounds/count.

The key difference between our 'X-Ray' in figure 3 and figure 4 is clearly visible in the Storage and Mobility sub-sectors and to some extent in Data and Finance.

In storage, we see just how much of the total dollar value is being captured across that sub sector and how Batteries are really taking an outsized share of that market's investment. Another area over represented in $1 perspective versus the number of deals is in Mobility, similarly here we see vehicles taking the major share of that, aircraft attracting more dollars than deals. Conversely, the data and finance category appears to have captured a lower share of dollars than the number of deals which is representative of the asset diversity in Climate Tech, The data and finance sub-sector is principally B2B SaaS versus other more physical asset/infrastructure sub-sectors that a more capital intensive. Data and Finance is also a younger sub-sector compared to many others and as such is at an earlier stages of development.

.

As we look at geographic trends, we see the US continue a very strong rise in investment adding an additional six to eight billion of VC every year to Climate Tech since 2019. As previously mentioned, the US invested more venture funding into Climate Tech in 2022 alone than in the entire Clean Tech boom 1.0 (2006 to roughly 2011). At some point, mid to late 2023 and subject to investment levels through 2023, the US will have invested $100 billion since the clean tech boom 1.0.

In Europe, we've seen the fastest growth, it has more than doubled investment in 2021, reaching nearly $18 billion. Europe is arguably the most progressed market from a policy and regulatory perspective around climate technology, and that's supporting an acceleration in VC flows in the region combined with an energy crisis and major geopolitical shifts.

China, has grown significantly on 2021, adding over $4B USD in VC to Climate Tech but lost share due to state sponsored and corporate entities taking the leading role in funding innovation and technology. 

2022 marked a massive surge in India based VC funding as the region mobilizes around sustainability and transitions from a consumer focused venture capital environment now to climate tech  the preferred investment category. Indian policy makers, corporates and investors alike see the potential for India to take a leadership role in climate tech across the region and around the world.

Figure 5



Img link:  https://i.ibb.co/3RBkwKP/figure-5.jpg

Finally, when we look at all major geographic markets combined, below in figure 6, from around 2010 we see US led Climate Tech investment moderate in the wake of the 'Clean Tech 1.0' boom. Towards the middle of that decade, China starts a significant wave of investment that outpaces the US on a relative basis, ultimately making up 64% of global Climate Tech VC investment in 2017, after which China enters into a new regulatory environment and a number of major Chinese climate technologies reach a new level of maturity that are now funded by state owned enterprises and private corporates.

Since 2018/2019 all major markets have seen aggressive investment in Climate Technology, defined more broadly than its Clean Tech predecessor, and with a greater sense of urgency, government support and a more mature set of energy and environmental technologies.

Figure 6



Img link:  https://i.ibb.co/vYBv1kq/figure-6.jpg



https://www.holoniq.com/notes/2022-climate-tech-vc-funding-totals-70-1b-up-89-from-37-0b-in-2021


....


2022 was apparently the year climate change technology became a $70 billion dollar global market.

While $70 billion might sound like an enormous sum of investment revenue. The category of climate change tech is distributed across a wide range of ventures from energy to EVs to farming and wildlife conservation. That it may not represent much funding. Considering it is diluted across a long list of things.

Figures 2, 3 and 4 breakdown where funds are being invested across separate industries. Which could give an indication as to where smart money is being invested. This might give us an impression of what to expect from markets in the future in terms of growth. Example: it seems solar is receiving the most investment in the energy sector. Which could be an indicator of smart money favoring solar. The same with other majority gainers in other sectors.

Crops interestingly enough seem like the biggest winner in agriculture. I wonder if there could be a future shift in the future correlated with greater demand for eggs. Of course investment in these sectors isn't limited to the production side of things. Microsoft recently unveiled a software suite intended to support smart farming.

Microsoft FarmBeats: AI, Edge & IoT for Agriculture
https://www.microsoft.com/en-us/research/project/farmbeats-iot-agriculture/

Perhaps this gives us some indicators of what to expect for the future?
122  Alternate cryptocurrencies / Altcoin Discussion / How Whitehat Hackers Helped Oasis Network Get Back $140 Million In Stolen Funds on: February 27, 2023, 11:20:16 PM
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According to a recent announcement by Oasis Network on February 24th, the decentralized finance (DeFi) platform had collaborated with whitehat hackers to recover funds that had been stolen from Solana’s Wormhole bridge.

On February 2nd, Wormhole had been hacked, and it was estimated that around $326 million worth of cryptocurrency had been stolen, with the attacker later transferring some of these funds.

Wormhole connects Solana to other leading DeFi (decentralized financial infrastructure) networks. As a result of Solana’s high speed and cheap cost, tokenized assets can be transferred between blockchains without disrupting ongoing projects, platforms, or communities.

The Wormhole Network exploiter has been busy over the past weeks. The hacker, who transferred $150 million worth of stolen assets in January, has redistributed more funds on Feb. 12, according to PeckShield.

Ethical Hackers To The Rescue

Oasis, the developer of the multi-signature wallet software into which the hacker placed funds, revealed in a blog post that whitehats just alerted them to “a previously unknown weakness in the design of the admin multisig access.”

Now, in response to a February 21 ruling from the High Court of England and Wales, it exploited this flaw to recover the cash.

In order to accomplish this, Oasis decided to collaborate with a group of ethical hackers known as “white hats,” who on February 16 had suggested a method for recovering the stolen assets.

On Tuesday, the two groups put the plan into action and delivered the recovered assets to a third party that had been permitted by the court.

“We can also confirm the assets were immediately passed onto a wallet controlled by the authorized third party, as required by the court order,” the announcement reads.

“We retain no control or access to these assets,” Oasis Network added in the blog post.

White Hat Vs. Black Hat Hackers

When it comes to protecting networks, white hat hackers are the ones to call. Hackers that figuratively wear so-called white hats deliberately seek for and report security flaws so that they may be patched before they are exploited in attacks.

Hackers with malicious intentions, sometimes known as “black hats,” are the ones that try to disrupt networks, steal information, or compromise systems.

While Oasis did not reveal the identity of the whitehat hacking group, Blockworks reported that Web3 infrastructure company Jump Crypto may have been behind the recovery effort.

The report also suggested that after costs, $140 million worth of assets had been recovered.

Meanwhile, the project emphasized that user funds had never been at risk and that they could have patched any reported vulnerabilities.

The use of a questionable method to recover stolen assets may be controversial and could be challenged by decentralization advocates who argue that blockchain should provide individuals with sole control over their assets.


https://bitcoinist.com/hackers-help-oasis-recover-stolen-crypto/


....


Interesting story here:

Quote
Oasis, the developer of the multi-signature wallet software into which the hacker placed funds, revealed in a blog post that whitehats just alerted them to “a previously unknown weakness in the design of the admin multisig access.”

Now, in response to a February 21 ruling from the High Court of England and Wales, it exploited this flaw to recover the cash.

This raises a number of questions. Would users of a wallet app support or oppose the existence of these previously unknown weaknesses in the design of multisig access? In essence its not so different from paypal or a bank reversing a transaction. However, the weakness being undocumented invokes a security through obscurity format. Rather than one where transactions might only be reversed through a verification process with safeguards. Meaning anyone who invests the time and effort might eventually reverse engineer and identify the weakness. Enabling them to use it themselves for their own purposes.

Perhaps we are entering a modern world where this is no longer a major concern for many. It has been a long time since I have seen anyone raise ethical or moral concerns about the direction software engineering is heading. All of the "robots are taking our jobs" people seem to have mysteriously disappeared. And so who knows what the future holds.
123  Economy / Economics / Re: Money is for the important things on: February 27, 2023, 11:08:03 PM
Have you checked your attitude towards money lately? What is "your dream"?  bigger home, a bigger car, private schools, branded drink, gold?...


Most of our modern culture revolves around derivatives of consumerism. We're encouraged to have a credit card at a young age and spend ourselves into as massive a pile of debt as possible. Our role as consumers is emphasized over all other aspects of the economy. This current arrangement relies heavily upon globalism and global markets. Our system of consumerism could be trending towards lower sustainability due to rising fossil fuel costs making it more difficult to outsource manufacturing and production to regions with low cost labor.

As a result of current day market trends, I think my attitude towards money should naturally be to reduce my role as a consumer and become more involved on the production side of things. Anything to do with boosting local manufacturing and production is where I want to be. Whether this ends up being profitable over the long term isn't particularly relevant. As it may be necessary to survival. I'm not certain exactly where others stand on this topic, as most are not being as forthcoming with their opinions as they used to be.

But if I had to pick something to invest in over the long it would probably be local production and manufacturing sectors which could see a healthy boost if globalism falters as some are predicting.

If we live to see a steep decline of consumerism coupled with a rise of producerism it may be nice to be on the uptick side.
124  Bitcoin / Bitcoin Discussion / Re: What is the IMF Qualms With Regulating/ Banning Bitcoin? on: February 27, 2023, 10:55:22 PM
Quote
What is the IMF Qualms With Regulating/ Banning Bitcoin?


I think the deviation in opinion stems from the IMF being on one end of the spectrum, with investment banks, hedge funds and other large financial institutions on the other.

Some demographics seek an outright ban of bitcoin. While others such as large banks and hedge funds actively hold and trade bitcoin and other crypto assets. Banks around the world have been known to use bitcoin for cross border transactions for many years. Due to bitcoin's cross border capacity being faster, more efficient and lower cost in contrast to using banking institutional networks such as ACHs (automated clearing houses). In addition, there are likely large banks who hold billions of dollars of assets in stablecoins and assorted crypto. If they do not do this directly, it is done through subsidiaries.

There could be a few backroom discussions on the nature and future of crypto behind closed doors. Between several different parties of wealthy and powerful men. The IMF isn't the only financial institution with a vested interest in crypto. There are many other parties involved whose views and opinions could matter.
125  Economy / Economics / Re: Would You Consider Adding Bitcoin to Your Retirement Savings on: February 27, 2023, 10:07:13 PM

As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?


I think 401k, IRA and crypto are retirement methods for married men with children. For those who have their families depending on them. It becomes harder to accept risky ventures, which might be more profitable. 401Ks and IRA's are often funded by investments in stock markets based on the assumption of long term growth. In eras where inflation, recession or economic contraction are prevalent, they generally become less satisfying as investment vehicles due to reduced growth.

Youth who are single and do not have families could do better with higher risk retirement investments. They do not have families or children relying on them. Making it easier to learn, explore and develop knowledge and skill base.

Personally, I like dividend reinvestment plans (DRIP) as there are documented cases of people earning enough to retire early using them. They depend more upon profits than long term growth. Which could make them more attractive over the long term than 401ks or IRA. Due to profits being (IMO) an easier goal to achieve than consistent growth.

I love bitcoin. It has always resembled something not unlike a warzone with no shortage of controversy and conflicting opinions. If anyone is relying upon BTC for their retirement I hope they diversify and have 2nd and 3rd options. Whatever BTC I have for HODL purposes, I'm complimenting with as many other things as I can find.
126  Bitcoin / Project Development / Re: Casino Website Development? on: February 27, 2023, 12:53:11 AM

What are good libraries for dynamic pages? I've looked at AJAX. Is it good? Or I should just switch to Node JS?




AJAX is client side and executes in the users browser. This carries an advantage of distributing CPU and memory needs off server to the end users machine. The disadvantage is, code that executes on the clients browser can be edited and changed. Which makes it unfeasible for security sensitive applications.

Node.js by contrast executes on server. This makes it ideal for code that you do not want users editing or changing on the client side. It carries a disadvantage of consuming higher CPU and memory for servers.

I think most if not all dynamic pages resort to javascript based technologies like AJAX and node.js.

You might be able to find free sample code on sites around the internet.
127  Economy / Economics / Bitcoin On-Chain Demand Rising, But Slower Than In Previous Cycles on: February 26, 2023, 11:57:52 PM
Quote
On-chain data shows demand for Bitcoin has been returning recently, but the rise has been slower than what previous cycles saw at a similar stage.

Bitcoin Active Addresses Haven’t Grown Much Recently

As pointed out by an analyst in a CryptoQuant post, the market activity rapidly changed after the bottom formed during the previous cycles. The relevant indicator here is the “active addresses,” which measures the daily total amount of Bitcoin addresses that are participating in some transaction activity on the chain.

The metric only measures unique addresses, meaning that if an address takes part in multiple transfers in a single day, it’s still counted only once. The indicator also accounts for both senders and receivers in this measurement.

When the value of this metric is high, it means a large number of addresses are making transactions on the network right now. Such a trend suggests that the cryptocurrency is actively attracting users to trade on the chain currently.

On the other hand, low values imply not many users are making transfers on the blockchain at the moment. This kind of trend can suggest that demand for the asset is low currently.

Now, here is a chart that shows the trend in the Bitcoin active addresses over the last few years:



Image link:  https://i.ibb.co/WtQFz06/chartchart.jpg

As shown in the above graph, the Bitcoin active addresses had come down to a relatively low value during the bear market, but recently some improvement has been registered in the indicator.

In bear markets, the price is usually endlessly consolidating, so not many users find the coin that interesting to trade. During volatile moves, however, investors rush to trade, hence why the metric can show elevated values.

A recent example of activity suddenly coming back like this can be seen around the time of the FTX collapse in the chart. As the price began to move sideways again following the crash, the active addresses also once again sank down.

The metric has seen some increase with the latest rally in the price of Bitcoin, but the rise has still not been too significant. In comparison, the 2018-2019 cycle saw the activity rapidly going up following the bear market bottom formation.

The quant has also attached the annual active addresses detrended price oscillator (DPO) to better illustrate the difference between the current and the previous cycle. As is visible in the graph, the trend in the DPO is only showing early signs of the bear market exit so far in the current cycle.

“At this time, fears external to the network may be impacting full demand returns and delaying a sharper improvement in network fundamentals,” explains the analyst. “The understanding of a possible turbulent year in terms of macroeconomic conditions has not yet enabled a feeling of greater risk appetite and investors remain cautious.”

https://bitcoinist.com/bitcoin-on-chain-demand-rising-slower-cycles/


....


There are usually not many technical or market mechanic indicators cited when speculating upon future bitcoin price trends. This is partially due to a significant amount of trading volume occurring off chain with banks and other entities who trade BTC in considerable volumes, whose statistics are not publicly disclosed.

Here we have a case where we can confirm that on chain volume and demand are rising. Although not as quickly or enthusiastically as in previous cycles.

These statistics may also confirm that bitcoin and crypto assets are continuuing to gain mainstream mass adoption. Which could correlate with unbanked demographics. In countries like the USA populations of homeless or "unhoused" demographics are on the rise. Considering its more difficult to have a bank account while lacking a permanent home address, it could represent a natural progression for many to turn to assets like bitcoin which have fewer account restrictions.
128  Alternate cryptocurrencies / Altcoin Discussion / SEC Shouldn’t Regulate Crypto Stablecoins, Says Circle CEO on: February 26, 2023, 11:48:05 PM
Quote
Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bloomberg, the Circle boss shared his views regarding SEC’s recent moves on BUSD stablecoin issuer Paxos.

Circle, a Boston-based firm, is the issuer of the second-largest stablecoin, USD Coin (USDC), with more than $42 billion in circulation. In the interview, its chief exec, Jeremy, suggested that USD-pegged stablecoins should be under a bank regulator.

SEC Has No Business With Crypto Stablecoins

During the interview, Circle’s chief executive officer Jeremy Allaire stated that the US SEC has no business with payment stablecoins. According to him, stablecoins are a payment system and should fall under the regulatory jurisdiction of a banking regulator and not the SEC.

The executive seems displeased with the SEC’s recent moves on stablecoins. In his words, several countries’ governments, including the US, have a reason for addressing stablecoins as a payment system that falls under the responsibility of banking regulators.

Although the Circle chief shares this view, his firm confirmed it has not come under the SEC’s radar. However, given the recent desist notice to Paxos and other ongoing regulatory activities, a move on Circle by the SEC is possible.

Although the CEO was against the SEC’s move on the stablecoin, he favored the regulator on one thing. Jeremy applauded the SEC’s recent proposal on crypto custody to streamline exchanges who want to become custodians.

In his words, it is crucial to have qualified custodians that can provide appropriate market control structures and bankruptcy protections. Therefore, a crypto exchange should not wake up and become a custodian without meeting the requirements.

SEC Accused Of Pushing Enforcement Forcefully

Also, earlier on February 23, Allaire concurred with SEC Commissioner, Hester Peirce, who said the watchdog should refer to Congress regarding legislation for crypto regulation and enforcement.

In a tweet, Peirce commented on people’s reactions to the SEC and its moves on stablecoins. According to the commissioner, Congress is actively considering the issue of crypto regulatory framework and legislation, so the SEC should turn to them for answers. He also said the SEC and other regulators could hold public roundtables to discuss the matter. Pierce ended his note by saying there are better ways to make rules than enforcement actions.

Allaire’s views align with many others who reacted to the SEC’s recent actions on the crypto industry. Due to the lack of legislation for crypto regulation, many believe the SEC needs to consult Congress before taking matters into its hands regarding cryptocurrency enforcement.

Responding to the ongoing lawsuit between the SEC and a former Coinbase employee, the Chamber of Digital Commerce lambasted the watchdog. The agency accused the SEC of using a back door approach to label crypto assets securities without legislation from Congress.

https://bitcoinist.com/sec-shouldnt-regulate-crypto-stablecoins/


....


Interesting conflict developing here. Circle has its $42 billion dollar stablecoin (USDC) which could come under fire if the SEC continues to regulate the stablecoin market.

The SEC claims all crypto assets other than bitcoin are securities. Circle's CEO claims that they should be regulated under the banking industry or congress. And that Congress must officially label assets securities before they can be treated as such.

There is a long story and history behind all of these events. Currently the united states has proposals on the table to expand the powers of the SEC and grant it greater authority.

BTW does anyone remember who circle is said to function as a subsidiary of?
129  Economy / Economics / Re: Money and education on: February 25, 2023, 11:41:33 PM
If you were the main character in a movie who becomes wealthy. What would the story be for how you attain wealth? How to get from point A to point B. Try to create a business plan or investment model for how this might occur. Maybe you can write an ebook you sell on amazon. Priced at $1. You can make $1 million dollars, if 1 million people purchase your book. Keep coming up with and executing plans, until you succeed. Learning from each experience. That seems to be what works for most people.

Education I am not certain on. The diploma and certification can open the door to higher paying jobs with some majors. Unless there is a specific vocational skill one wishes to learn, I think university doesn't make much sense. Today with the advent of micro degrees which can be earned on sites like khan academy. It might be better for some to pursue ISO equivalent certs, which can be had quicker and more affordably. There are some micro degrees which can be earned for $50 within the span of a few weeks.
130  Economy / Economics / Re: Do you have any financial regrets ? on: February 25, 2023, 11:14:47 PM
I don't have any real regrets.

Many of my choices were suboptimal. I had more than 37,000 doge coins from faucets. At peak that could be near to $18,000. But I managed to dump all my DOGE before they were worth anything. I did crypto exchange arbitrage during its golden age but didn't put enough effort into it to translate into any real gains. I had many alt coins that I dumped, which became worth something later. There are many investment opportunities I thought long and hard about but did not pull the trigger on, which would have been big winners.

It'll always be a case of "if I had been smarter and put more effort into it, it would have been profitable".

There might always be good opportunities and good buy ins. Just as there was 20 years ago, 10 years ago, 10 months ago, 10 weeks ago. There are good opportunities right now.

Its good motivation to try to be smarter and put more motivation and effort into whatever you're doing atm.

I might only regret if I was being as complacent today, as I was being complacent when I missed out on all of these good opportunities in the past.
131  Bitcoin / Project Development / Re: Casino Website Development? on: February 25, 2023, 07:57:47 PM
Hey, guys. I didn't know where to start a topic, and I saw there was discussion already here. So my friends and I decided to start a crypto casino that has only dice. I don't know what technology to use. The website will have register/log in/log out, bet history and dice betting. I am currently looking at HTML/CSS/PHP/MySQL. Will this be enough or there are other languages? I looked at Nodejs but find it difficult.


In terms of software, you need a good random number generator.

Generic code to generate random numbers, takes the current second. Processes it through an equation to generate random numbers. If players can deduce what the formula to generate random numbers is, they can predict the result. Which could enable them to cheat.

To maintain a fair gaming atmosphere, a good random number generator is necessary to produce dice results which players cannot predict.

HTML/CSS/PHP/MySQL is sufficient to generate static html pages. Static implies aspects of the page cannot be updated without reloading.

Games like dice require dynamic pages which can update and change without reloading the page. This can be achieved through javascript or HTML5. I think the javascript function for dynamic pages is xmlhttprequest. That's the old school method. There should be libraries which can be used for this today.
132  Economy / Economics / Methods to cut food costs on: February 24, 2023, 11:26:00 PM
Coupons and promo codes



Image link:  https://i.ibb.co/NpcLm8f/promo-code.jpg

There are many websites on the internet offering promo codes and coupons for items in stores.


Student Discount



Image link:  https://i.ibb.co/CMNcQZn/student-id-discount.jpg

Students can receive many discounts by showing their student ID.


Amazon

Amazon has good deals on food items with free shipping.


Food Delivery

Walmart, target and other large retailers offering food delivery services were offering big sales for delivery only. Not certain whether the trend will continue into the future but it was nice while it lasted.

edit:


Learning to hunt and fish

Give a man a fish, and you might feed him for a day. Teach a man to fish and you could feed him for a lifetime.

While it seems that hobbies like hunting and fishing are on a decline. Perhaps current era food prices are exactly what they need to make a return?


Foraging in the wild

There are places in the wild where fruits and vegetables grow naturally. Some are located close to official hiking trails and natural landmarks like waterfalls.


Working part time in the food industry

The food industry is known for sometimes giving away free food and cost benefits. Bakeries and restaurants and known for throwing food away. Which employees sometimes are allowed to have.

....


What are other good methods of cutting costs on food items?
133  Economy / Economics / Re: Is Defi protocol free from the government on: February 24, 2023, 10:56:34 PM
do you think there is a way to make defi projects betray decentralization because of the wrath of the government?


We see this being attempted all over the world. Nations like china implement a great firewall to censor internet traffic. VPNs, proxies, etc are used to bypass state imposed restrictions.

Platforms like thepiratebay tried to avoid government restrictions with servers located in countries which did not extradite criminals to the united states. They also planned to have servers housed inside of drone aircraft in neutral international territory in an effort to bypass state regulation.

To some extent computer virus authors, malware writers, botnets and other cybercrime demographics have long evaded authority figures.

There is no shortage of effort made to avoid censorship and restrictions.

If it were possible to put a defi project on mars or the moon and have it accessible to earth by internet. That might put the protocol out of government reach. But then maybe it wouldn't.
134  Economy / Gambling discussion / Re: How do you keep your gambling habit under control? on: February 24, 2023, 10:44:01 PM

How do you keep your gambling habit in check such that becoming addicted and out of control is something that never happens?

 (share your strategy for others to benefit from)


Need to have options for making money, other than gambling.

People get addicted to gambling due to viewing it as their only golden ticket to getting anywhere in life. If its the only road they can think of walking. They will never go anywhere else.

It might be the similar to women who have difficulty valuing themselves outside of sex and their appearance. If that's the only value they can find in themselves. It can become very difficult to reinvent themselves.

Back up plan. 2nd option. Exit strategy. Those who have some semblance of these things, need not hold on to only one thing forever.
135  Economy / Economics / El Salvador Wants To Open ‘Bitcoin Embassy’ in Texas on: February 23, 2023, 11:52:08 PM
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Recently, Milena Mayorga, Ambassador of El Salvador to the United States, wrote about her meeting with Jose A. “Joe” Esparza, the Deputy Secretary of the Government of Texas, regarding the potential opening of a “Bitcoin Embassy” in Texas.

As you may know, on 5 June 2021, Zap Solutions (a Bitcoin payments startup that uses the Lightning Network) Founder and CEO Jack Mallers announced at Miami’s Bitcoin 2021 conference that El Salvador’s government wanted to pass legislation to make Bitcoin legal tender (alongside the U.S. dollar).

During his talk, an emotional Mallers presented a recorded video message from President Bukele and read out a small passage from the proposed bill. Mallers went on to say that his firm would be opening an innovation center in El Salvador with the help of Blockstream.

On 9 June 2021, this proposed bill got passed by the Legislative Assembly (with 62 out of 84 voting in favor of it).

Then, on 25 June 2021, Reuters published a report that said El Salvador President Nayib Bukele had announced during a national address on 24 June 2021 that “Bitcoin Law” would become effective on 7 September 2021.

Mayorga was named — by President Nayib Bukele — Ambassador of El Salvador to the U.S. on 23 September 2020, and she began her function as ambassador on 1 December 2020. Before becoming an ambassador, she served as a Member of the Legislative Assembly of El Salvador from 2018 to 2020.

On 28 October 2022, Mayorga spoke about her country’s experiment with the Bitcoin Standard at the Plan B Forum in Lugano, Switzerland. CoinDesk reported on this day that “the country of El Salvador and the Swiss city of Lugano have signed a memorandum of understanding (MOU) aimed at boosting bitcoin adoption in their own regions as well as neighboring states and countries.” The report mentioned that Ambassador Mayorga “also announced her country’s opening of a ‘bitcoin office’ in Lugano staffed with a new Honorary Consul to proselytize for bitcoin in the city, Italy and Europe.”

Well, last Tuesday (14 February 2023), Mayorga said that during her meeting with the Deputy Secretary of the Government of Texas, they discussed the opening of the second “Bitcoin Embassy” and the expansion of commercial and economic exchange projects,

https://www.cryptoglobe.com/latest/2023/02/el-salvador-which-made-btc-legal-tender-wants-to-open-bitcoin-embassy-in-texas/


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El salvador is branching out, apparently.

Quote
On 28 October 2022, Mayorga spoke about her country’s experiment with the Bitcoin Standard at the Plan B Forum in Lugano, Switzerland. CoinDesk reported on this day that “the country of El Salvador and the Swiss city of Lugano have signed a memorandum of understanding (MOU) aimed at boosting bitcoin adoption in their own regions as well as neighboring states and countries.” The report mentioned that Ambassador Mayorga “also announced her country’s opening of a ‘bitcoin office’ in Lugano staffed with a new Honorary Consul to proselytize for bitcoin in the city, Italy and Europe.”

Well, last Tuesday (14 February 2023), Mayorga said that during her meeting with the Deputy Secretary of the Government of Texas, they discussed the opening of the second “Bitcoin Embassy” and the expansion of commercial and economic exchange projects,

According to this el salvador has a bitcoin embassy in Lugano, switzerland with plans to open a 2nd bitcoin embassy in texas.

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Well, last Tuesday (14 February 2023), Mayorga said that during her meeting with the Deputy Secretary of the Government of Texas, they discussed the opening of the second “Bitcoin Embassy” and the expansion of commercial and economic exchange projects

I wonder what blueprint for the future they may have come up with. El salvador's initial plan of using cheap geothermal energy to mine crypto was a decent plan. Is it possible that they have a solid blueprint for encouraging the expansion and mass adoption of crypto on a global scale?
136  Economy / Economics / Re: Is there a way to invest in food related industry to recoup market inefficiency on: February 23, 2023, 11:35:41 PM
Isn't it better that we increase the rate at which we ayrr involved in agricultural practices and started farming to help generate a sustainable economy that will be affordable by everyone with the food commodity items in the market


Yes. Although, I think such a transition could take years. It takes time for people to learn, adapt and change. It may have taken more than 10 years for sailors to accept the explanation of citrus fruit being a legitimate treatment for scurvy. Perhaps people of today are smarter and more adaptable. Accepting fruit as a treatment for scurvy might only take 3 years today, partially due to the world being more connected through smartphones and the internet.

Agriculture requires space and a good climate. We need good options for those who lack the space and climate to engage in agro.

Years ago, there was an investor who bought, consolidated and centralized the world's supply of cacao beans. Which are used to make chocolate. Then raised the price to give himself a nice profit. This was before Martin Shkreli did something similar with pharmaceutical products. I was trying to think of a similarly effective method of investment to offset rising food costs. I guess put and call options might also be a good method for those who are good commodity traders. But that isn't an option available to everyone. So, I'm still trying to think of a good method but not much is coming to mind, unfortunately.
137  Economy / Economics / Re: How rich would I be? on: February 23, 2023, 11:25:30 PM

How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.

Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?


In terms of pure market mechanics, I think we can look at old collectibles to determine what the natural price trend for deflationary assets like bitcoin should be. Most baseball cards printed in 2023 likely won't be worth much. But over time the limited edition minted items will become increasingly scarce, leading to consistent price hikes. Bitcoin's price trend should follow a similar pattern.

But of course, bitcoin's value is also determined by speculation and trading from hedge funds and other assorted high liquidity investors who buy and sell in large volume. Then we have regulators and lawmakers who are creating laws relating to stablecoins and crypto in general.

All of these factors, and assorted other variables combine to determine what the eventual price will be. It can be impossible to know what the outcome will be, without a time machine. Even if people can guess the correct outcome, they probably could not describe the series of steps which led to it.
138  Economy / Economics / Re: Is There a Lesson for Economies and Entrepreneurs to Learn from Bankruptcy? on: February 23, 2023, 11:00:28 PM


With all these things going on, I have been thinking to myself, "Is there an opportunity here?" Entrepreneurs have been characterized as people who can think outside the box. Steve Nickles, a law professor at Wake Forest University, has already said that "bankruptcies leave gaps for entrepreneurship." What do you think could be the opportunity is here for entrepreneurs?



When general motors faced bankruptcy back around 2009, the acting CEO was asked to step down and was replaced by Ed Whitacre. Ed was tasked with restructuring the giant automaker to make it profitable once again. Ed Whitacre got rid of the GM private jet which could cost as much as $50,000 per flight. He reformed GM's corporate culture of excess and extravagant spending. Which was sometimes defined by company funds being used as a personal slush fund by corporate execs. The GM which emerged as a result, could sustain itself once again.

To some extent, we might say the same negative precedents GM struggled with in 2009 have intensified more than a decade later. Leading to many billion dollar business ventures failing. It can be observed in the change in twitter policy from previous CEO Parag Agrawal to current acting CEO Elon Musk. The best and the brightest are usually not in positions of power. The janitor scrubbing floors, could potentially be more intelligent, resourceful and harder working than the CEO running the business. (Irony being what it is, there was a man with one of the highest IQ's ever measured who was actually a janitor.)

Within the last 50 years, we have seen many small businesses succeed to become multi national billion dollar industries. The overwhelming majority of our progress and innovation is coming from the bottom, rather than the top. Perhaps the trend will continue, or accelerate? Or it could trend in the opposite direction. If anything is certain, it is that the majority of our failures and bankruptcies are stemming from the culture of excess and extravagance which defining a privileged upper class.
139  Economy / Economics / Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve on: February 22, 2023, 10:33:30 PM
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The Bank of Israel also recommends a ban on algorithmic stablecoins if they become widely used for payments.

The Bank of Israel on Wednesday published principles for regulating stablecoin activity in the country, which lays out the central bank's recommendations for supervising crypto linked to the value of other assets like the U.S. dollar.

The document follows the publication of guidelines for digital asset regulation from the country's Ministry of Finance in November. The goal of the central bank's proposed regulations is to allow stablecoin use in the country "while managing the risk inherent in using them, and adjusting the consumer protections and prudential requirements," the document said.

Although the document refers to the collapse of algorithmic stablecoin terraUSD in May as a motivation for establishing regulations, the recommendations only target stablecoins attached to other assets and backed by collateral, not algorithms. The central bank said algorithmic stablecoins like terraUSD are not used widely for payments, but indicated it may prohibit them if they become too popular.

"If, nevertheless, this type of currency becomes a common means of payment, issuers will be required to hold full collateral, and in fact the issuance of a bearer currency that uses an algorithmic stabilization mechanism will be prohibited," the document said in Hebrew.

The central bank recommends requiring stablecoin issuers to maintain reserves matching the amount of crypto in circulation, covering "100 percent of its liabilities to the coin holders." The recommendation aligns with that of other jurisdictions like Hong Kong, which plans to regulate asset-backed stablecoins by June this year.

The recommendations include splitting supervisory roles between multiple regulators to enhance efficiency. The central bank proposes that stablecoins issuers should be required to obtain licenses to operate. It adds that issuers of larger stablecoins that could have "systemic importance" should be licensed by the Banking Supervision Department while others should be supervised by the Capital Market Authority.

Payments-focused stablecoins "shall be overseen by the payment systems oversight function at the Bank of Israel," according to the document.

The proposed rules are open to public comment until March 15, after which the bank will make required changes and recommend legislation to the government.


https://www.coindesk.com/policy/2023/02/22/israels-central-bank-proposes-rules-for-stablecoins-including-100-reserve-requirement/


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100% Reserve!

Tether stablecoin has been investigated for its capacity of reserve since 2017. The story of stablecoins is slowly but surely transforming into an epic.

Is bitcoin prominent in israel? Awhile ago I remember reading a statistic claiming that more than 95% of israel's population had been vaccinated against COVID-19. There are some who claim israel has the highest average IQ of any nation on earth. If this is true, is it possible that a high percentage of israelis are technology and tech savvy enough to enjoy a high percentage of crypto mass adoption coupled with high rates of bitcoin HODL?

While I try to avoid being judgmental or drawing conclusions based on surface observations. I have noticed a high percentage of jews have the words "gold" and "silver" in their names. Long John Silver from Treasure Island. Terry Silver from karate kid and cobra kai. Perhaps in the future jews will abandon the "gold" and "silver" in their names and opt to include "bitcoin" or "crypto" instead?
140  Economy / Economics / Is there a way to invest in food related industry to recoup market inefficiency on: February 22, 2023, 10:12:15 PM

With food prices still on the rise. Many of us would enjoy some way to recoup rising food liability costs, lost to increasing market inefficiency.

We need not look far to see oil companies like shell and exxon reaping record all time profits off of rising oil costs. While it is difficult to find a good entry point into stocks, bonds or investments. Which would translate into consistent gains that are able to offset losses caused by market inefficiency. The general trend for oil stocks has been in an upwards direction, due to rising fossil fuel prices.

Old time stock investors typically recommend stocks like campbell can foods during times of inflation and recession. Based on a principle of consumers spending less on food as purchasing power declines. Leading to greater consumption of microwave dinners, canned foods and cost effective rations.



Image link:  https://i.ibb.co/ww4jv2m/campbell.jpg

Above we see the traditional investment wisdom of buying canned food stocks prior to eras of inflation or recession might be true.

As disposable income of consumers shrinks due to rising food and gas prices, more of us are forced to resort to microwave or canned food dinners. This drives demand, translating to higher profits and higher stock prices on average.

However, it could be a little late to be buying campbells foods.

Do we have better options? What is a good investment strategy to recoup losses attributable to rising food costs?
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