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141  Economy / Economics / Re: Countries with economy power controls the world. on: April 22, 2024, 04:31:55 AM
Check this https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

United states is number one, China is number ten, Russia is number twenty nine, and Germany is number eight. It means you're wrong if you think strong economy countries aren't in debt.

Debt isn't always bad for filthy rich people or countries, watch Robert Kiyosaki how he use debt to make more money and protect his wealth.

National debt and personal debt are completely different, so don't make such a lame comparison. For example, the United States is the country that holds the world's money printing machine, they can freely export their inflation to other countries with the monetary policy they set. Do you think their government debt, their national debt, is a problem? Or is that just what they want to show the world?

Regarding personal debt, I haven't read about Robert Kiyosaki but let's use you as an example. Can you become rich with debt? Don't take other people's examples but put yourself in that situation to make it more realistic.
142  Economy / Economics / Re: Your aging and retirement plan is your responsibility. on: April 22, 2024, 04:23:38 AM
I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

From your post, I don't see you have any plans for your old age, what you might be thinking of is investing some money in bitcoin and thinking that it can help you earn some big money when you get old. But have you ever thought about the scenario where bitcoin will not increase in price in the future or will it become worthless as you get older? Anything can happen and if you really want to have a fulfilling old age then you need more than a plan to invest a small amount in bitcoin and expect it to make you rich.
143  Economy / Economics / Re: Also consider your mental State of health while investing for wealths. on: April 22, 2024, 04:16:19 AM
One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.


Many people are ignoring and ignoring this golden rule and this is happening most especially in the cryptocurrency market. Many people naively think that bitcoin is a low-risk, but high-reward investment and they invest everything they have in bitcoin. They even think that saving is a waste, they like to invest it all in bitcoin and think that it will make them rich in the upcoming bull season.

There is no denying the potential of bitcoin, but it seems many people are becoming too delusional when relying on stories of getting rich by buying bitcoin 10 years ago. And they are blinded by greed without knowing that the risks they face are not small.
144  Economy / Economics / Re: The collapse of central banks...Inevitable? on: April 22, 2024, 04:06:16 AM
If the central banks collapse, it means the whole country will collapse too.

Since there was country that no longer exist due to crisis i.e. Yugoslavia, so it's possible there will be a country that in debt and bankrupt, rich country might occupy that country. If you think Bitcoin will replace fiat due to central banks collapse, then you're live in your own imagination.

Honestly,at this point there's no way to eliminate fait or central banks.Bitcoin remains bitcoin,bitcoin still serves as bitcoin.Fait will continue to exists and execute and carry out its normal activities.

Central banks collapse will be a huge fallout for many.All segments are going to experience a big breakdown that initializes terrible and dangerous decline in growth and unemployment.
Such collapse can hinder the lives and survival of many.But I still think fait can still act and stand for fait lovers/users.
I also think that FIAT is very difficult to get rid of, considering that this is like a disease that has spread to the tip of the nail, and banking will not become extinct, for me the reason is quite simple, it's a profitable business so there are some people who will definitely adopt it again with a digitized or decentralized system but still has the nature of banking.

Maybe that can happen, but if you look at the development of banks today they are withdrawing their branch outlets and prefer agencies in mass to show affiliation and spread money more simply to people in remote areas, so the removal of their branch buildings that are being carried out and switching to a digitalization system, allows banking to compete again, and if you look at it, many banks are trying to adopt blockchain technology so that they are not disrupted by the massive development of bitcoin.

That will never happen. Banks' move away from physical branches and toward digitalization is just a way to adapt to the evolving technological age, not a sign that banking dominance is waning. Furthermore, the role of banks is considered the backbone of any country's economy, while many countries do not need bitcoin. So it would be naive to think that banks are trying to counteract the popularity of bitcoin.

Bitcoin is just a speculative asset, or peer-to-peer currency not recognized by governments, while banks and fiat currencies are considered the core of the world economy. Even bitcoin replacing fiat currency will never happen, let alone bitcoin competing with banks.
145  Economy / Economics / Re: Young people are less likely to accept traditional employments in this era! on: April 22, 2024, 03:48:36 AM
We live in an era where money is everything, you can't do anything if you don't have money and you can't live a good life if you don't have a lot of it. This is the reason why people, even the younger generations, are always trying to do what will earn them more money, and if there is something that you can do more conveniently and earn more money as well, they would prefer that without a doubt.

One more reason behind this can be the way they are raised. A child who is raised in an environment where they see the elders using technology all the time, mobile phones, laptops, television, cars, and everything else, and they don't see them going to a farm and working to earn money, so they grow up with a mindset where they think they need to utilize these things to earn money and they learn about these things only.

In addition to the two reasons you mentioned, I think the main reason is because young people today are afraid to go to work. They do not like jobs that are heavy or use too much physical effort, they like jobs that use little physical effort, and it can be said that they are lazy. The thinking of most young people is to get rich quickly and without having to put in too much effort. And that's why today, besides many areas of making money online, there are also many fraudulent money-making models born.
146  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: April 21, 2024, 05:36:26 PM
In addition, Intermilan has been also showing their interest to recruit him as a player.



Im hoping nacho to go to the intermilan at the end of this year. This surely strengthening interimlan's squad since nacho is experienced player. Yet again it's all totally depend on nacho's final decision. Joining in intermilan is not a bad move for him since it's winning scudetto this season.
Intermilan seems to be starting to target free transfer players for them to sign next season, so far I heard that Intermilan has managed to reach an agreement with Medhi Taremi and also Piotr Zielinski for free next season, I think at this time Intermilan is doing a transfer method that is no different from Barcelona last season which continues to target experienced players but free transfer so that they can continue to improve their performance while also being able to press spent, at the moment of course Intermilan has everything Nacho might ekspect so I don't think he will certainly refuse to play for Intermilan next season, especially if he leaves Madrid on the grounds of wanting to find new experiences outside the Spanish competition.

Nacho is not young anymore, but I think he will be the perfect addition to the Intermilan squad next season, as a defender of course he has a lot of ability to stop his opponents and of course his experience so far in Madrid will certainly make Intermilan even better next season for the Scudetto and Champions League.

Well if anyone is targeting free transfer and if they are getting Nacho for free, I do not think anyone is going to complain, to be honest.

Yes, I know he is not young anymore but when you are getting a player for free, you are not expecting to get four years of service from him at the level of competition. you were probably expecting that he is going to give good service for one or two seasons and then if you can you will sell him. Or if things do not work out perfectly, you will letting him go for free is not going to cause a lot of problems because you got him for free in the first place. And the guy had played his whole life in Real Madrid. So I think he has good experience which is going to add a lot of value to his new club. That is definitely worth a lot in my opinion.
147  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: April 21, 2024, 05:30:40 PM
Another one record close contest in IPL between Kolkata Knight Riders and Royal Challengers Bengaluru, KKR winning by 1 run.
RCB winning the toss made KKR bat first. KKR made a good total of 222 in 20 overs. RCB too chased the target with all their might. Their run rate from 9 to 15th over was better than what they required yet the last 5 overs were decisive. At the end of the game, RCB needed 3 runs to win from 2 balls but they lost wicket on the penultimate ball and just one run and a runout in last. RCB were previously touted for not being able to win the trophy and now winning a game is difficult for them. RCB has lost 7 of it's 8 game taking the bottom position of the table.

Unfortunately I missed that thrilling game. It was RCB 8th game and they need a victory to have some hope for next round. KKR scored 222 runs because of sensational knock of Phil Salt and Shreyas Iyer. Phil Salt was unstoppable today as he scored 48 runs on just 14 balls that include 3 sixes and seven boundaries. RCB in run chase were good, there is 102 runs partnership between Will Jacks and Rajat Patidar. Both team were equally good today but in the end one has to win and it is KKR today.   

First of all, I do not think anyone should actually miss his job or avoid his duties to watch just a match of IPL, which is probably not going to impact his life too much. So yes anyone can miss a match of IPL. It is not that big deal in my opinion. And actually think cricket is again where it is far better to actually watch the highlights instead of the actual whole match. because it takes a lot of time even if it is a T20 match.

Anyway, this match was definitely incredible & high scoring one in this season. At various moments I thought the match was not going to be this close in Eden Gardens. It was great and of course, credit to the RCB to actually fight till the end. And also credit to the KKR team not losing at certain moments, they just struggled to keep their wickets in hand, When they lost wickets one after another, Shreyas and Rinku rebuilt their mentality and hold the match. The sad thing is RCB had a genuine chance if Dinesh Kartik could have been there till the end.
148  Economy / Economics / Re: Do you believe in savings or investment on: April 21, 2024, 09:34:53 AM
Having money in the bank is good but having a profitable investment is much better. So, to me is more about investment rather than just saving, because saving add little or no interest on your money but investment in various sectors like example in the housing sector guarantees return on investment in the long run. So I go with investment over savings.
If your purpose is for gaining money, investment is the choice. But we don't always expect for earning money, sometimes we are trying to secure money for the future. You need to understand that investment doesn't automatically gain profits, it has the risk of losing money. When you are not lucky or do the investment in careless way, you may have a chance to lose money. Meanwhile saving the money in bank will have no the risk of losing money as in the investment. You may pay for monthly fee in bank, but our money is safe in bank.

Anyway, just try to understand what the purpose of saving. It is not to get the interest, it to secure reserved money. So, don't compare the purpose of investment and saving!



That is an issue that many people do not understand clearly and make too lame comparisons. Obviously the roles of saving and investing are completely different, it's funny when people try to compare and think that investing is better than saving.

Most people save because they are planning for the unexpected or to secure reserves, no one is stupid enough to think that keeping money in the bank is a source of passive income. Meanwhile, investing will bring us a lot of profits but there will also be risks involved. We should stop comparing the two because they are basically indispensable necessities in life. A smart person will usually plan and prepare for both instead of choosing one or the other.
149  Economy / Speculation / Re: Why has bitcoin prices not increased just after halving ? on: April 21, 2024, 09:17:52 AM
Quote
Why has bitcoin prices not increased just after halving ?

As I predicted, in the coming days more topics similar to this will appear. Most people are too focused and have great expectations on the halving, and they think that bitcoin will increase in price immediately when the halving is completed. It won't stop there, many people will complain, get discouraged and will even sell their bitcoins and blame whoever gave them the idea that bitcoin will increase immediately after the halving. The same thing when ETFs are approved will repeat, when people are depressed and disappointed bitcoin will increase in price  Grin Grin Grin.
150  Economy / Economics / Re: Do you think Bitcoin can end poverty? In a nation today on: April 21, 2024, 09:11:12 AM
To me, bitcoin is a volatile asset and investment and it would be great if an individual or organization knew how to take advantage of it. But talking about impact at the government or country level is impossible, investing in a highly volatile asset is not the way for that government to get that country's economy going.
Broadly speaking, in terms of prospects and progress to date, no one will doubt the real bitcoin, it's just that there are several conditions where they are still unsure and prestigious or do not want to admit that bitcoin is one of the best investment assets because this can interfere with the interests of some of them.

Nowadays, many people know and want to be in bitcoin but on the other hand they also don't want to learn more about bitcoin which makes this also another problem where bitcoin becomes a tool that is good but cannot be maximized.
I personally in the end if it refers to the initial topic where bitcoin can change the situation for a larger scope I am not sure because in the end for the scope of a country it is not easy because indeed they cover all aspects in one state but for problems in a small family I think it can still be because I have also felt that in the end with bitcoin at least the quality of my economy is more secure.


As I said, bitcoin will have a significant impact on the individual or organizational economy. But I also need to emphasize again that whether you can leverage bitcoin to improve the economy depends entirely on you, not bitcoin. I mean, to earn good profits from investing in bitcoin, it will depend on one's level and skills. Things will not be as simple as just spending money and investing in bitcoin will make everyone rich or improve their economy. Bitcoin is just a tool and whether we can take advantage of it or not depends on each person.
151  Bitcoin / Bitcoin Discussion / Re: Isn't Altcoin a distraction to Bitcoin adoption? on: April 20, 2024, 09:58:23 AM
To tell you the truth, a lot of people I know who's into crypto started with bitcoin only in mind. But after some time of holding bitcoins, they realized that it may not fit all of their 'needs' that's why they explored with other alts.

Even if there's only bitcoin as a sole cryptocurrency, people will always think of ways to improve on the current existing system. We will always try to fit everything with our use cases, and if it's something that doesn't fit the puzzle, we will try to create aomething that will help us achieve our goals. Altcoins are inevitable, given the nature of humans to explore and invent. Seeing that bitcoin is successful in one use case, it's only a matter of time before we encounter a blocker which leads to the development of another coin.

I'm pro bitcoin through and through but it isn't a one-size-fits-all solution to problems we never even know we have before. Altcoins, IMO, isn't a distraction, but rather a result of people looking to get the right piece to their own puzzles of problems.

But what problem do altcoins solve for those people? I am also investing in altcoins but I will say frankly that altcoins have no use. People who are investing in it just want to get rich quickly, high profits, nothing more and nothing less. Meanwhile, bitcoin can solve a lot of problems because the original purpose of bitcoin is to create a decentralized currency, not a bump and dump project like altcoins. But I will agree with you that altcoins are inevitable because our world has never stopped evolving, we cannot stop them.
152  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving is hours ago. Will you hold your BTC to April 2028? on: April 20, 2024, 08:54:53 AM
...

I might do same, but I won't sell all of my coins, the market is already mature than before, so I don't think we will see a big dump like 2021-2022.

But if the market doesn't have a big dump in 2022, we shouldn't expect crazy growth like the 2021 bull season. Because if you want strong growth, you need strong declines. Many people also predicted the same as you but I don't believe it. Personally, I still see that crypto is still a wild market and it always will be. There will probably be some changes as bitcoin ETFs are approved and ETH ETFs will also be approved soon but the rest will remain wild. Because that is the nature of cryptocurrency, and it is that wild nature that sets the cryptocurrency industry apart from the rest of the financial market.
153  Bitcoin / Bitcoin Discussion / Re: Happy 4th Bitcoin Halving on: April 20, 2024, 08:46:27 AM
BTC-community should be congratulated on a new stage and the beginning of a new milestone in the history of bitcoin. Now the world will definitely not be the same, because most of the bitcoin is in the hands of whales and corporations, and it will be less possible to mine new BTC and will have to be bought at a higher cost.

Date late, dollar bitcoin short. We will wait for the start of the bullrun, because after halving this phenomenon is inevitable in the cryptomarket.

Happy BTC-Halving Day!

This is what we are waiting for more than anything else and I hope that history will repeat itself, another crazy bull season will come. I have seen some people being pessimistic and claiming that the bull season will end soon because of bitcoin's recent corrections. But those who have been involved in the market for a long time will understand that everything is just the beginning, not the end. Those who give up now will definitely regret it because in the next few months the bull season will come. I expect this to be a super cycle as we have ETFs presence.
154  Economy / Economics / Re: Is Bitcoin’s bull run coming to an end? on: April 20, 2024, 08:36:03 AM
The price fell by 3.78% today,Current price $61748.But it’s still a price I can’t afford
If we rely on history, the real bull season will only come after the halving and the halving is completed today, which means there is a crazy bull run ahead. Don't just because bitcoin has dropped 3-5%, you rush to conclude that the bull season is over, that's not entirely true.

Although the market is unpredictable, once you invest in bitcoin you should have faith in it, don't be afraid or too stressed by bitcoin's small correction. Bull season is fast approaching so don't panic and sell your bitcoins now.
155  Economy / Economics / Re: Do you think Bitcoin can end poverty? In a nation today on: April 20, 2024, 08:07:53 AM
Bitcoin alone cannot eradicate poverty because poverty is not created in a day but the entire economic system in a country is responsible for it and more ancillary government weaknesses and structures are strongly linked behind it.
Also it is not clear to me how Bitcoin will work behind the poverty of a country but I think Bitcoin can play an important role in reducing the amount of inflation in a country.
Moreover, Bitcoin is a risky investment and if a poor person invests all his capital in this risky investment, poverty will likely increase rather than decrease.

But how will bitcoin reduce a country's inflation? And inflation is also one of the factors that causes people to fall into poverty, so if bitcoin can help reduce inflation for any country, it will also contribute somewhat to poverty reduction. Honestly, I don't see bitcoin having any impact on a country's economy since it's just a highly volatile asset.

To me, bitcoin is a volatile asset and investment and it would be great if an individual or organization knew how to take advantage of it. But talking about impact at the government or country level is impossible, investing in a highly volatile asset is not the way for that government to get that country's economy going.
156  Economy / Gambling discussion / Re: 2024 NBA Season on: April 20, 2024, 05:31:56 AM
So far Miami looks good without Jimmy buckets but it's a long game.  Chicago started off real cold.  Who does everyone have in the next game?  I'm on the Pelicans, think home cooking helps them pull through like it's been for miami.

Honestly, I'm surprised by the Heat's performance in this game. Looks like the Heat don't need Butler and Rozier to beat an opponent like the Bulls. There are still 5 minutes left in the 4th quarter, but the Heat are already leading by 27 points. As for the Pelicans, if they perform as they did with the Lakers, they will hardly have any chance against the Kings.

It was a dominant win by Heat, it seems like they really don't need Butler after all as we can see the ball movement is very flawless and everyone is getting a good touch. Herro and JJJ doing their thing,  they lead the team in this big win and I'm happy that this rookie is getting his minutes and attempts he needed.

now, it's all set for this team, they'll face the Celtics but not in the ECF, and I think this isn't an easy money for the Celtcs bettors as Heat have prove time and time again that they are a legit team, they work based on their culture and we should understand that.



If I talk about yesterday's match, Heat really dominated in the 2nd half, it is impressive they end up by a win without Jimmy Butler or Terry Rozier. Erik Spoelstra's selection center Bam Adebayo was a good decision, Adebayo hold the team till the end and earned fourth Boston Series.

Yes, the Miami Heat and Celtics are going to face each other in the playoffs round one. I absolutely agree with the fact that the Miami Heat is a team that has created a lot of problems for other teams that they face. And of course, they are all legit teams. Because from a "not so advantageous" position they can still perform. Miami Heat is a team that has proved themselves again and again even in unfavored situations. Currently, Miami Heat is in really good form as well. The Celtics will have a problem on their hand in the upcoming match against Miami Heat.
157  Economy / Economics / Re: Do you feel that the global economy is declining? on: April 19, 2024, 01:12:30 PM
It seems that no company will reduce salaries as low as or below the minimum wage because if that happens the government will act or workers will quit because they cannot meet their needs. Because from year to year the salary will definitely increase and adjust to the increase in all goods due to inflation.
That's your thought, but not every nations, companies and positions will follow that.

Reduce salaries is hard, but during pandemic, they can cut whatever they want and the employees don't mind with that.

Even the workers choose to resign because they feel the salary is too low, there's always be a person will to work for the same position with less salary. So this is a win-win situation for both former workers and companies.
Yes, it depends on each country. In my country, some companies do not hesitate to reduce workers' salaries on the grounds that there are not enough costs to maintain the company during difficult economic times. Those who can accept it will continue to work, those who cannot accept it can quit immediately.

According to the provisions of labor law as well as the regulations of any company, the salary will increase according to working time, experience... but on the condition that the company develops well and does not encounter difficulties. But once difficulties arise, those regulations will no longer be effective and that is a disadvantage that workers must accept.

158  Economy / Economics / Re: Play to earn model vs move to earn model. on: April 19, 2024, 12:54:41 PM
Quote
Can the 'move to earn model' offered by a company like Sweatcoin, of whom are willing to pay tokens to users who have either sweated using the app while running or swimming, be a micro or macro solution to economic problems, if adopted on a large scale?

How can a "paid to walk" app be a micro or macro solution for economic problems? Are you kidding me? Do you think that the people will leave their jobs in order to focus on earning money 24/7 on a paid-to-walk app? Those apps are paying pennies(unless you are living in a Tier 1 country).
1.Those paid-to-walk apps are a variation of the Get-paid-to(or GPT) websites like Swagbucks and Qmee.
2.This sweatcoin isn't an actual cryptocurrency. It's more like a token, just like the points you earn on Swagbucks.
3.The play-to-earn model was a total ponzi scheme scam. No wonder that games like Axie Infinity died in terms of popularity.

Even bitcoin, a currency designed to overcome the shortcomings of the current fiat currency system, has not really brought any significant benefits to the economy, let alone trash projects left over.

In short, don't be too delusional and fall into the trap of crypto projects. Until now, the cryptocurrency market is just a money game, nothing more and nothing less. No project will bring us convenience, benefits or practical applications, let alone create positive impacts on the macro economy. The cryptocurrency market is just a place where we create virtual models to take money from each other, money will go from the hands of stupid people to the hands of smarter people. That's all.
159  Economy / Economics / Re: Financial Advice for a young millionaire on: April 19, 2024, 12:43:22 PM
In fact, in my opinion, someone who has a lot of money at a young age, not from hard work, is a bigger problem. The reason is that they don't understand how difficult it is to get money, so usually they will be surprised, especially if from childhood they were used to getting things easily without effort.
Well, of course, when someone has a lot of money and it is known that someone doesn't understand money management well, there will be many irresponsible people who will try to take advantage of it.
His parents should have prepared everything, I mean if they know that the child is an only child who will receive all the wealth they have, then they should teach him from childhood, don't pamper him too much, let the child be independent even though they are very capable of providing for themselves. all the necessary needs.

But you forgot one thing, the guy the OP is talking about was born into a business family, and business people like his father wouldn't be stupid enough to not teach their children anything. Furthermore, not all young people are shallow or incompetent in making money and doing business. 
Don't rush to judge others just because they are younger than you, we need to know where that person comes from, their living environment, education level...Don't always underestimate young people when they are considered the future of the country.

I personally don't have any advice because I believe he comes from a business family and his father is a millionaire. I don't think we are better than them in business, making money or managing finances so us giving advice is like a farce to them.
Yes I'm also not judging someone younger than me, I don't have the right to do so, and if I did then I might be one of those people who doesn't have positive thinking.
I am also sure that with his life as a rich person he will definitely get a very decent education, I am even sure that they will be admitted to a prestigious or favorite school. However, I see that they often fail to educate a child's character, that's what I'm worried about. They do receive formal higher education, but character will be formed from within the home, that's why I mentioned the points I said before. Because for me character is very influential on a person.

No one can be perfect from an early age, including us. When we are young, we also have our own wildness and arrogance, but as we grow up we change in a more positive direction. To be able to grow up and know how to treat people, each person needs to experience life, theory alone is not enough. Just like why many children born into poor families, not fully educated, are still good children and know how to behave.
Not everyone born into poverty is a bad child with no future, and not everyone born into a rich family with a high education will definitely become a good person, useful to society.
160  Economy / Economics / Re: Isn't it all about money? on: April 18, 2024, 12:56:28 PM
Without education you become nothing. Education doesn't just means formal education, I mean you have to keep learning. You can only make money by learning.
People are always quick to point how how this billionaire and this billionaire are colleges dropouts or how they didn't finish high school, but they fail to point how how much knowledge these people accumulate. You can't be whatever you want to be without knowledge.

Acquire Knowledge is the only way to make money. It's when you don't use the knowledge acquired that makes you lack money.
Also, it's not all about money for everybody. Some people just want the knowledge to learn new stuff. There are people that take higher courses and degrees, not because they want to make any money from it but they just want the knowledge to know new things.

Haha, this is the thing I find the funniest every time someone says this. They like to compare themselves to billionaires like Gates or Elon, they believe that the other two billionaires do not need to go to college and have a college degree to still become billionaires. And they thought they could also do what the other two billionaires did, they began to criticize and despise education.

It can be said for people like us, people born into disadvantaged families, people from poor countries. Knowledge will be the only key, the only path that leads us to success and the opportunity to escape poverty. We should not be too delusional when comparing ourselves with the world's geniuses. Without knowledge, we will become people of the lowest class in society and have no chance to change our lives.
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