I would agree to most of your tips except for the one that says your products should be "pocket-friendly". I mean for the most part cheap products do sell fast compared to the more expensive variants and could cater to a wider array of customer but then again, price shouldn't be the biggest of your concern in such a way that delivery, creation, marketing and all other matters should. Price could easily be computed and taken into account for. Furthermore, hampering your product's quality for the sake of customer affordability is also gonna cost you your business.

Point taken, some policies in my home country aren't Microbusiness-Friendly, and ever since inflation came crashing earlier this year, businesses left and right closed down because of the unfair practices from the government whether legal or under the table, as well as out of scope economic crises like the aforementioned inflation. At the end of the day, the Government is the one that wins and we are at the mercy of those from the top, the legislators, the authorities, etc.

Tipping in its roots should be done willingly and not compulsively. I am thinking it has become so ubiquitous that restaurants and food establishments integrated the tipping system into their billing system which is so unfair for the waiters and the customers. On one hand it incentivizes underpaying the waiters and other food handlers coz the rest of their pay could always just be covered by the customer's tips. On one hand this pay is shouldered by the customer which let me just remind you is already covering the pay courtesy of their bill along with other taxes and amenities that are included in their receipt, leaving the restaurant with little to no responsibility in the payment of their workers.

Everyone would agree with how unfair this tipping culture has been but it has become so ingrained in the western culture that a paradigm shift is unlikely to happen, at least not anytime soon.

I like this answer, coz it is what's most reflective of what Metaverse is being portrayed as nowadays. During the pandemic most people see Metaverse as a viable option for face to face settings in schools, work, and the likes but as everything is slowly returning to the normal pace of things it has lost its old use-case and is now only being showcased as "another world apart from the tangible one" which doesn't really sit well considering how bad VR is shown in media. Just take for example Cyberpunk 2077, Blade Runner, and Black Mirror who are seriously against VR or at least sends a message that is indicative of their refusal to accept such future.

Scalability is a project's ability to take into account the upsurge in consumers, transactions within its network, as well as expansion to better cater a larger array of audiences, regardless of common barriers like distance.

It is also not unbeknownst to us that cryptocurrency gets flak on how it pollutes our environment. Most environmentalists note of the cryptocurrency industry's operations that as of now is still largely dependent on non-renewable resources as "environmentally-detrimental". So the solution of some cryptocurrency projects in the market is to switch to a different consensus mechanism, from the usual proof-of-work that is not only time-consuming, but is also detrimental to the environment in a sense that the longer a transaction takes to process, the more energy it requires to operate, to the new and improved proof-of-stake. Recently Ethereum became one of these cryptocurrencies who switched to a different mechanism, allowing not only for better operability within the Ethereum Network, but also for better scalability, since a faster network could always support larger bases of operation without issues.

With cryptocurrency rising on the preface of technology, I think it's high time that we start creating projects that not only takes into account the future of the project itself, but more importantly the world it is being built upon.

The phrase "bitcoin is dead!" has been said and heard by critics and supporters since time immemorial. At this point to say that this will be the final bear market until bitcoin completely dies off is nothing short of a joke and a meme amongst the people in this forum, more so the ones who are actively supporting bitcoin and cryptocurrencies in general. Bitcoin is once again showing signs of a bull run which could happen sooner or later. Posts like these are important especially for beginners who are easily swayed by FUD and FOMO.

Well for one the two is closely tied given the fact that a couple of cryptocurrency projects offer betting and gambling as one of their "features", and some will always see any form of chance-based earning as a form of gambling no matter how structured the inner workings of it is. Although posts like these are important in creating a distinction between the two to at least separate them as two completely different concepts that just happened to coincide based on the circumstances.

I would agree that it should be taught from at least an earlier age than what was normally going around in our education system. However, Corruption is a school of thought that is connected to so many concepts, teaching it to a developing child would prove ineffective unless you teach them all the other things necessary to understand how it works, and even then information overload is imminent. Suffice to say, teaching corruption or at least the basic concept of it that would not pass through the student's head is needed, moreso how important it is that they recognize that this is a bad behavior.

Bots are there to just automatize your trading systems, since most of them will base their trading behavior upon algorithms you will set. Eventually some experienced traders may think of creating one for them so they don't have to check the market every single close and open just to ensure that you will be able to hold a position for that particular trading session. Some still wants to trade by themselves without the help of any type of program. Honestly I wouldn't mind using bots especially if I made it myself. You wouldn't catch me hiring a third-party bot though. That is risky.

I've heard of news not so long ago about Decentraland, one of the biggest and most funded metaverse projects out there having a measly daily active users of less than 40. On the other hand, Meta, Facebook CEO Mark Zuckerberg's answer to Metaverse has been receiving flak in multiple aspects of his still in-progress creation. I also noticed that less and less projects include implementation of their project or a fundamental of it in the Metaverse as a form of future-proof answer. So this begs the question, is Metaverse still the future? is it just a fever dream we once had that we are now waking up on?

Warren Buffet said something along the lines of "The best time to invest is 20 years ago, the second best is now." And I live to that quote whenever I feel like I'm FOMOing on a project or a token. I do not need to feel regret over not investing on a thing that I just brushed off years ago, although that doesn't warrant me not feeling anything about it at all. For me, it is fine if you are subjectively late or whatever when it comes to cryptocurrency investing. As a trader that just started a year ago could make as much money as someone who started from 5 years before the former provided that he's smart and is able to weigh in on his decisions.

To this you are right, but more than learning from failed businesses and enterprises, Aspiring entrepreneurs should take a page out of the book of successful projects and businesses, their trade secrets, behaviors and practices that they are actively using and abusing to ensure success. It also must be noted that it's not enough that you are industrious, you must also be intelligent and wise in making decisions especially ones that will affect the scalability of your project. True, OLX is pretty much still up and running although the company is as far as I know already absorbed by a much larger project that dabbles in the same sector OLX used to be in. They also underwent a bit of a rebranding if I'm not mistaken. Although when summed up, OP's statement regarding businesses should still hold true.

Inflation is quite a convoluted concept that involves money and currency, both objects that contains and retains its value because we believe so. It doesn't help that most economists provide lackluster explanations that doesn't really strike any thought towards the masses, the ones that should know most about this concept.

So I took it upon myself to provide a bit of an explanation on what is inflation in economics, in hopes that this may one day help someone's economics homework (LOL) or at least shed light in this very confusing subject.

For starters, unlike most economics teachers, we wouldn't use analogies, as those prove to cause even more confusion than help. We'll get straight to the point.

Money has a value that we decided it should have, and that value always fluctuates depending on consensus when it is compared to different items or commodities, sometimes even different money. This isn't inflation.

Inflation happens when the demand/supply equilibrium of money is disrupted through numerous causes. In simplest of examples, during the height of the COVID-19 Pandemic, USA printed out more money than they normally do, to make up for the sending of stimulus checks that the Americans can then use for purchase of important goods. And since supply of money is higher and not in balance with the supply of goods, its inherent value fell down. This is but one of the few reasons money could lose value over time, but it is best seen in that particular scenario.

Feel free to chip in more information you are most willing to share within this thread, or better yet, tell me how you and your family is being affected by today's inflation rate!

Inflation victimizes the poor and the underclasses while making the rich richer paper-wise. The ever-increasing prices of commodities makes it so that the poor will spend more money than they have to, while the rich could continuously earn more money than they know what to do with. Sure the increasing prices of some items and services may hurt them a little but at the very least the elites wouldn't have to worry about how to find food and money for the next days like we do. So you are correct, and the fact that the value of money is steadily decreasing the more it's used isn't helping either, there will come a time when we'd have to rake in bags of dollars for measly purchases, which is why digital purchase is a thing.

It's much easier to put the blame on the one afflicted of poverty than to actually take into account the multiple factors that which contributes to one's impoverishment. For instance, the government, admit it or not plays a very crucial role in determining their country's poverty index. Less opportunities for education for instance, as well as the basic commodities like food, job, healthcare, and affordable cost of living which could be allocated, if not wholly provided by the government could cause much of its population to fall under poverty. Unequal opportunities brought about by such happenstances also causes poverty, you wouldn't blame a 6-year-old boy completely quitting schooling to sell recyclable trash only to cover up for his family's expenses, would you?

It's not as profitable as it was given the costs of upkeep, as well as the number of bitcoins you could generate with a "standard" mining rig that could cost over thousands of dollars in today's market. Add to this the flak that this venture receives from environmentalists who see it as a wasteful and an environmentally-destructive way for people to earn money instead of looking for a proper 9-5. As it stands today, you're better off mining some other cryptocurrency instead of spending copious amounts of money on a setup that will only get you less money than what you put in in the long run. Stray from websites on google searches that promise cloud mining or something along those lines as it could easily be a scam that could cost you your precious cryptocurrencies.

The chances of such occurrence to happen within the span of a human lifetime is so astronomically low it may as well be zero. A statistician and a physicist on Facebook created a rundown of the numbers and how low the chances are of the said denominations to come up in the draw, as well as the huge amount of winners to boot. This may as well be rigged or controlled in some way or another by the ones who facilitate our local lottery, granted that the same organization had received much flak in the past few decades due to their ties with corruption. (The gambling organization that set this lottery up is controlled by the central government of the Philippines, and much of the tax that they cut from the winners are returned to the government funding for "facilitation of projects of good governance".

I agree. Bitcoin actually didn't loosing its popularity but for me, it even more gaining some. These past few weeks, bitcoin experience a lot of ups and down because we all know that the BTC is a volatile coin as well as the other coins. But for me, gaining some popularity also affect the value of the bitcoin. If a coin, specifically BTC is popular, many people will urge to buy and market will definitely pump if there is a large of numbers that is buying a specific coin. But I guess others are not familliar with BTC because they are avoiding risky thing such as BTC.

I think bitcoin is definitely and positively makes a person's life better. I can say and prove it because personally I have a lot of friends that are living proofs of it. However, bitcoin is a very dangerous or risky thing because of it being a volatile. I can say that all cryptos are risky yet it is good in terms of investing. Other says that it is "high risk, high rewards". People must be equipped with knowledge about it so that you may able to gain and make some profit rather than losing all of your funds. For me, personally, the effect of btc is  good becauae I able to buy the things I want and things I need. You just need to work hard and be patient. Always believe in the process.

Oh. You're saying the he must perform some bluff in order to make his opponents like unpredictable about his moves or like unaware of his cards. I think bluffing is one of the most used strategy in poker yet it is not guaranteed to always succeed or effective. Sometimes, bluffing can be the reason why you'll end up losing. For me, I suggest to give the best decision always because we all know that poker game isn't a long way game but a very short gametime. I guess and I agree to idea of bluffing, yet always have a second or back up plan in order to avoid losing or to avoid some negative effects.