Good deeds to humanity? You must be joking!
Yes, I am not from where he comes from but I have made some research on him and from what I saw he has helped people in different way. I will want you to read more of him from here as well. https://en.m.wikipedia.org/wiki/Michael_J._Saylor. Yeah, I've read! I didn't find any trace of "good deeds" but found a District of Columbia tax fraud lawsuit, SEC investigation and settlement, and so on! Can you again point to the good deeds he did for humanity? Because if you say investing in Bitcoin other people's money you borrowed is a good deed then why is it not investing in Walmart shares also a good deed? |
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Do you think their prediction are realistic, seeing that there will be a "Halving" soon and miners presumably hoarding the coins that they mine?
Their predictions are....CRAP! https://cointelegraph.com/news/bitcoin-price-to-hit-100k-in-2021-or-early-2022-standard-charteredIn a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,” https://www.cnbc.com/2022/12/05/btc-bitcoin-could-fall-to-5000-standard-chartered-predicts.htmlitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’
Bitcoin could drop to $5,000 next year in a market surprise that investors are under-pricing, according to Standard Chartered, marking a 70% plunge from the current level of around $17,000. |
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Personally, I am an atheist.
Then why the hell do you bring up religion every time in the discussions, not just here but in your other topic as well, just stop with this, everyone is getting tied to religious beliefs getting mixed in everything and just stirring the pot like this won't get you anywhere, as we all know what's the target is here. Want a piece of advice? Stop trying so hard! Roger Ver used to be called Bitcoin Jesus, and we all know how it all ended.
That's the first thing I thought about when I saw the title, and based on life experience in 2-3 years we're going to call Saylor Judas! And btw, even Satoshi shouldn't be named Jesus, he's the creator so more like god, but the whole thing is just stupid, Bitcoin can't work without internet so how would you call Tim Berners in this situation? I have not heard about Michael J. Saylor preaching the gospel of bitcoin like Peter and Paul but I have only heard about his good deeds to humanity from his investment company.
Good deeds to humanity? You must be joking! |
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@stompix How did you miss this thread, someone says bad about Europe.
Stompix was sunbathing for 3 days on the Dalmatian coast in this ravaged Europe with the beaches full, the clubs and bistros, the airports full, the roads full of people enjoying a holiday. Everyone sees doom and gloom I see spending and people moving around more than ever. Spain has just broken the 2019 pre-COVID record on arrivals and people talk about how shitty Europe is, but everybody wants a piece of it. https://www.travelwires.com/may-2023-witnessed-spain-achieving-a-new-record-with-8-2-million-tourist-arrivalsI wonder why millions of people are drowning and getting killed by human traffickers to end up in this region. Must be the bad life we're having compared to Africa. Russia currency Also needed highly becouse of natural resources in russia what other countries need.
One euro was worth 69 rubles at the start of 2020, it's now worth 99. I want more of this trouble when the thing I have actually increased in value! That's a bad way to look at a currency, it takes just the value of one unit compared to the other. By that logic, the Turkish lira is better than the yen and the Pakistani rupee than the South Korean won. Anyhow, another topic on how the euro and the EU will die for the thousands time, but this time it's for sure. |
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Is is about robots? I have seen movies by Will Smith and some great actors in sci-fi technological movies that is dated for 2045ish. The future was already imagined and humans used such movies to map out the future advancement that is now becoming a reality.
While most people think of Star Wars and I, Robot when it comes to robotics, most of the money flows to these:  Screencapture is from this video.Robotics doesn't mean only human robots, it means robots that right now actually build modern things you see around you, factories are full of them from the ones doing complicated tasks in creating electronics to ones slicing salami and packing Doritos, all are robots . And the difference between the numbers invested in this industry and cryptos are just a world apart. |
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Mate, you can't even be profitable with a decent gaming computer with a high end graphics card mining Bitcoin, how do you think USB mining will end up?
As many others before, do you realize that the said USB miner is using ASIC chips, the same as on an S9? That tiny USB miner everyone laughs about is way better than the first ASIC Bitmain launched and can still compete in terms of raw hashrate with their second model , the S3, which does 440GH/s while the Compac F usb miner gets 300+. I don't understand why people are fixated that much on the USB thing. If you slap a modern ASIC chip on an usb miner it will have the same characteristics as an ASIC, the only limitation is that you can barely fit one while with a 3000w miner you get 3 boards full of chips. What I am trying to say here is that instead of buying 6 Bitcoin USB-Stick Miners, you can buy one Bitmain Antminer S19 Pro and you will get a return equal to buying about 300 Bitcoin USB-Stick Miners.
If he's looking for profit, buy the s19, but be careful if you can run it at all in your house; If he's looking to experiment with a miner for fun and not thinking of money buy a used old miner from two or three generations ago. If he's just looking for a novelty item and a fun quiet thing with no money involved, yeah, the USB miner might be a thing. |
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Who still uses checks though? Even in america I doubt anyone does that very much. Except sending out stimulus payments so they get a chance to get lost in the mail....that's how behind the times america was they had to send out peoples' emergency stimulus checks using the postal service rather than deposit electronically. sad but true for many people.
While writing checks may be less popular than it used to be, 55% of Americans still wrote a check in the past year. According to our survey, in the past year, 15% of Americans wrote a few checks a month, 12% wrote less than six checks, 23% wrote a check once a month and 5% wrote more than 12 checks. Although complications can arise from businesses’ continued reliance on paper-based payments, 81% of firms still use paper checks to pay other businesses at least occasionally, according to The Treasurer’s Guide To AR Payment Optimization, a PYMNTS and CheckAlt collaboration. https://www.pymnts.com/news/b2b-payments/2022/81-pct-firms-still-use-checks-to-pay-businesses-at-least-occasionally/2023 and 2022 surveys, so checks are still in use! Of course, is not like before but when a single company has over 100 locations in NY alone for cashing checks there still must be demand. i understand how companies like western union can close someone's account without any explanation.
You can use WU without an account, just like most international money transfers. |
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Damn, so Fednow is for banks and credit unions? I can't stop laughing right now because few projects came into crypto space using the name FedNow to attract their customers and it worked, now that FedNow is saying it's not in relation with any digital currency I am wondering what it happening to such projects right now.
This is why we need to be careful with many alt projects this days, most of them are build on the impossible hype, they will never work out and the only thing their adopters have is hope, they will keep hoping it work in the end.
You've spent to much time in the shitcoins section! It's not crypto, it's not an altcoin, it's not some random ICO, it's a payment system just like many others created by the Federal Reserve! Leaving aside centralization and of course not having control over your money this is far more legit than any altcoin in history! So someone thinks that the word "instant" solves all problems with the financial system and makes Bitcoin absolutely unnecessary? In that case, in some other parts of the world, Bitcoin has long been a "lost cause".
It might not sound like much to us but for Americans who still cling to checks, it's going to be big. Of course, Bitcoin won't care but when it comes to the so-called stable coins, for them this might be a bit different since fiat will get just as fast as cryptos backed by fiat, so... |
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That's some pretty useless statistical data if you ask me.  What's the point of busting your ass working on a minimum wage for the sake of earning one whole Bitcoin? Can't you just earn 0.1 BTC? Well a .010 BTC goal would just make the stats /x10 and keep the same. All statistical data can turn to be useless if you think it's not taking into account every aspect. For example, let's add rent, but why add rent if people live in a country with 90% homeownership? Let's add food costs but what about the ones that grow their own crops? How can we even define the minimum needs others have and from this how can we expect what their goal is as it would be different for each individual not by country? It's a funny stat, I like it because we always talk about Bitcoin crashing and ending up working for McDonald's instead of buying our island so this is a glimpse at what's waiting for anyone relying on it! he best way to get 1 BTC is to get a lot of fiat first, and how to do that is something that everyone has to figure out themselves, because everyone is in a different country and has different starting conditions.
But you can agree that's far easier for someone in the US to get his hand on 30k than from a guy in Madagascar! It doesn't only show that people in countries with the lowest minimum wages take longer to accumulate until they have one whole Bitcoin, it also shows that if you live in one of these countries, you SHOULD own Bitcoin as a store of value.
And maybe that you have to also get out of that country just as fast as inflation rises?  Also, in Greece the minimum wage is 780 EUR, so I'm not quite sure how you calculated 1,018 days. I find more than 1,150.
Data is from 2022 and was expressed in $, so taking into account the euro was stronger that's why the difference now since I made the target in $ also. The same parity shows now a minimum wage in Greece of 809$ euros if we backtrack but use the current exchange rate. |
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~snip
I wanted to ask a few days ago but I'm buzy traveling around, do you have any additional or lets call it insider info on this kuwait ban that has made the news?You're far more familiar with the stuff there, would this ban even if enforced bring some serious change to the diff or we're talking about max 1-2% ? Kuwait had some real cheap energy and since they did go an call out a ban I suppose there were a few there. |
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The only thing I'm interested in is what are the penalties for those caught in the offense - I hope it's not something of the type of punishment that exists in that part of the world.
You mean this part?At about 08:00, prisoners are hooded with a black hood, unlike the British style white hood and their arms and legs are pinioned (strapped). New steel gallows were fitted in the early 2000s and have been used.....<> I hope they don't invent a punishment like getting as many lashes as the price of bitcoin is in their currency! But they do have cheap energy, and a ton of it, the climate is not that great but with nearly free energy you can afford cooling too, I will see if our fellow miner knows more about this. |
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This can not be accurate. Not that your post is not accurate, but because of how bitcoin will continue to increase and appreciate in price and value, unlike fiat that will continue to depreciate and make the increasing minimum wage to remain almost stagnant, making the days/weeks/months/years more to earn 1 BTC.
It's just as informative as it is right now, after all, it can be both ways, if I had made this 2 years ago the numbers would be double, if half a year ago the numbers would be half. Basically there is no right time to make it! Recently, naria has continued to depreciate. It is ₦850 to a dollar yesterday. It is ₦870 today. Can you see how this can not be accurate. The moment we can't keep track of how much bread is it's the moment we stop caring about what 80 years of work might bring you, right? It would be fun to revisit this in a year or two. I miss Switzerland in the list.
I guess Switzerland is missing Germany on the no minimum wage list too! That doesn't mean someone will work their entire life for 0.02 BTC, and I also don't think you can retire in Venezuela if you own 0.02 BTC. It just means the official exchange rate doesn't mean anything because the money is basically worthless.
Talking with zero information on this, so complete assumption but I think nobody is actually working on that wage either. Something like in Belarus, where there is no unemployment because the unemployment check was something like 10$ a month so nobody came to register as unemployed, the country had full employment. Here there is a minimum wage because that's how much the state thinks it can pay, not that they are actually working for this. Its ironic to read some bitcoiners who from this statistics think bitcoin won't change anything.
And what do you think will change? Do you think people will stop working on a minimum wage, that the minimum wage will earn you a good life? Do you think there will be no poverty? We had the gold standard for a millennium, did any of those disappear while it was used? How could BTC change this for everybody in this world? |
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One thing you are not factoring in is the cost of living. In some countries you might make less but you spend less on rent and food. So you might get the Bitcoin quicker.
If I would have done I would end with the same garbage PPP. No, the rules are simple, you flip hamburgers, you stay in the local church basement, you dress from the salvation army and you eat leftover hams! Yeah $5 dollar a day and if you started to save $5 dollars a day and wanted to buy BTC at the price of current BTC's Price which is around $29,990. Then with the following formula you have to wait 5998 days not 8,495, he is empty at the end of the day too.
Same thing as with the other issue, some numbers were from monthly minimum wage to some daily wage, so for some countries, you will need to do a *7/5 thing to get the actual time it will take since those numbers in the table are including resting days when you don't work! I am also curious about the table from OP: Does it mean the higher on the list, means the higher minimum wage per country?
For example, if, Luxembourg is the top 1 on the table, do this mean, Luxembourg is the highest minimum wage in all the countries?
Yup, around 2300 euros per month. |
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I am generating consistent profit exchanging crypto. If you give me the loan I will definitely pay you timely.
I am taking 2% profit in each transaction. There is no way of loosing money.
You're generating s****! Not with your script that is so poorly configurated it shows stuff like this:  |
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Where have you heard or read about this USB bitcoin miner? For you to mine Bitcoin, you need an ASIC miner and that's not as little as an USB.
Right here, on this forum maybe? https://bitcointalk.org/index.php?topic=5355470.0Later, when Bitcoin mining comes to GPUs or FGPAs, ASICs, you can not return to mine bitcoin with CPUs or USBs.
Why not? If the USB miner is using bitmain S9 or s19 chips, what's stopping you from mining? You need to differentiate between a CPU or GPU which are standalone units and USB which is a standard for connectivity. |
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Supposing it's ₱610 and the price of BTC in PHP right now is ₱1,635,564.73, a minimum-wage worker would only be working approximately 2,681 days to achieve 1BTC.
And you're going to work every day of the week, 30 days out of 30? The table takes into account the maximum working hours also, it's derived from the minimum wage a worker can get with the minimum required of work a week. So it's (1635564/610)*7/5 so 3,753, pretty close to the table at 3,862. Yeah, I should have added it includes resting days but the title won't let me so I'll add in the OP! Regarding your mentioned countries, I must point out that your statistics may not be all right as for instance, you mentioned that 1 bitcoin which currently trading at $30k and in Algeria we don't use the bank's foreign currency exchange rates.
I intentionally left out a few countries from the minimum wage table where there were * about the rates and the numbers really didn't seem right, but in most cases when I saw them around countries in the same region and roughly the same GDP per capita I let them slide. I have serious doubts about Argentina now that I'm double-checking the ranking! Funny yet so sad and choking to realize how unfair wealth distribution is all over the world.
The sad part is that Bitcoin won't change a thing cause, as you can see it's not the poorest of the poor in poor countries that can afford to invest enough to change their life ina meaningful way! |
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And as we know, Uber is an E-hailing company however, they have spread their business tentacles into food delivery.
The question for discussion is, Any companies similar to Uber Eats that do the same thing.
And as we know, Uber is an E-hailing company however, they have spread their business tentacles into food delivery.
The question for discussion is, why is it easier for an E-hailing company to move into food delivery than for a successful restaurant to add E-hailing services to what they do?
A perfect example would be KFC moving into E-hailing services. than for a successful restaurant to add E-hailing services to what they do?
A good example would be KFC moving into E-hailing services.
I think your Uber Eats driver got your wrong order of mushrooms! That or your cat cracked your windows password again! |
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I've grown a bit tired of all GDP PPP numbers, all the Gini index, and since we are on Btcointalk we should probably focus on Bitcoin prices and how to get your coins (other than gambling our life savings) here is a table on how many days of minimum wage work you have to ...let's say survive to get a coin. This of course is assuming you don't spend a penny, and you survive on god knows what! There are a few countries missing as their minimum wage is either not set or it's irrelevant since it's so old everybody already earns 10 times more. Also, as a note, when you go over the 10 000 number, that's 27 years! LE: Second note, since the data comes from monthly wages in some countries those days include the resting days, so let's say it's the number of days you;re going to spend employed over the minimum wage! 1
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| Luxembourg
Australia
New Zealand
Germany
United Kingdom
Ireland
Netherlands
France
Canada
Monaco
Belgium
San Marino
South Korea
Israel
Austria
Slovenia
Spain
Japan
United States of America
Andorra
Taiwan
Malta
Lithuania
The Bahamas
Poland
Greece
Oman
Hong Kong
Macau
Portugal
Saudi Arabia
Argentina
Barbados
Slovakia
Czech Republic
Romania
Estonia
Latvia
Croatia
Palestine
Saint Kitts and Nevis
Montenegro
Hungary
Antigua and Barbuda
Palau
Costa Rica
Turkey
Bulgaria
Belize
Ecuador
Jordan
Lebanon
Uruguay
Chile
Trinidad and Tobago
Marshall Islands
Bolivia
Paraguay
Morocco
Bosnia and Herzegovina
Guatemala
Colombia
Panama
Albania
South Africa
El Salvador
Serbia
Turkmenistan
Seychelles
Gabon
Vanuatu
Fiji
Thailand
Mexico
Dominica
Brazil
Peru
Ukraine
Philippines
Equatorial Guinea
Malaysia
Russia
People's Republic of China
Dominican Republic
Mauritius
Indonesia
Azerbaijan
Honduras
Republic of Macedonia
Kosovo
Saint Vincent and the Grenadines
Jamaica
Kuwait
Cambodia
Papua New Guinea
Iraq
Guyana
Tunisia
Republic of the Congo
Botswana
Moldova
Armenia
Algeria
Mongolia
Laos
Vietnam
Comoros
Nepal
Nicaragua
East Timor
Chad
Pakistan
Iran
Libya
Uzbekistan
Haiti
Mauritania
Lesotho
Solomon Islands
Nigeria
Benin
Afghanistan
Central African Republic
Kazakhstan
Ivory Coast
Cameroon
Togo
Burkina Faso
Kenya
Eswatini
Myanmar
Senegal
India
Angola
Niger
Mali
Bhutan
Sri Lanka
Zambia
Sierra Leone
Mozambique
Ghana
Uganda
Guinea-Bissau
Madagascar
Malawi
Tajikistan
The Gambia
Democratic Republic of the Congo
Bangladesh
Tanzania
Kyrgyzstan
Syria
Cuba
Sudan
Venezuela | 341
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371
405
435
439
451
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514
522
556
630
641
661
677
726
735
915
974
996
1,003
1,009
1,018
1,067
1,091
1,098
1,102
1,141
1,223
1,239
1,257
1,261
1,265
1,387
1,543
1,548
1,568
1,579
1,714
1,718
1,733
1,755
1,782
1,823
1,840
1,872
1,982
2,025
2,038
2,052
2,055
2,373
2,632
2,690
2,700
2,740
2,773
2,791
2,823
2,867
2,952
2,983
3,000
3,033
3,193
3,336
3,373
3,380
3,388
3,401
3,528
3,554
3,746
3,807
3,831
3,862
3,922
4,109
4,138
4,145
4,191
4,314
4,471
4,497
4,525
4,529
4,538
4,549
4,559
4,563
4,704
5,249
5,292
5,434
5,475
5,621
5,665
5,815
6,128
6,162
6,190
6,322
6,882
6,900
7,185
7,271
7,935
8,436
8,495
8,774
9,367
10,519
10,799
11,151
11,454
11,736
12,153
12,659
12,762
13,337
13,739
13,826
13,949
14,465
14,600
15,598
15,778
15,847
15,962
16,246
16,516
16,846
17,776
17,980
18,159
18,372
19,043
19,909
25,289
25,704
26,578
29,122
41,165
41,321
43,281
49,773
51,651
52,392
67,593
114,063
248,864
842,308
1,095,000 |
Seeing those numbers, do you feel like flipping burgers for a minimum wage? Cause here is some trivia, at the average 300 burgers you might prepare at a Mcdonald's in a shift, in countries like Lesotho you will have to serve each citizen in the country one hamburger more than once till you get your BTC. In Gambia it will be 10 hams to each citizen! !!!!!Update as the 10th of February at price of $47500 1
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| Luxembourg
Australia
New Zealand
Germany
United Kingdom
Ireland
Netherlands
France
Canada
Monaco
Belgium
San Marino
South Korea
Israel
Austria
Slovenia
Spain
Japan
United States of America
Andorra
Taiwan
Malta
Lithuania
The Bahamas
Poland
Greece
Oman
Hong Kong
Macau
Portugal
Saudi Arabia
Argentina
Barbados
Slovakia
Czech Republic
Romania
Estonia
Latvia
Croatia
Palestine
Saint Kitts and Nevis
Montenegro
Hungary
Antigua and Barbuda
Palau
Costa Rica
Turkey
Bulgaria
Belize
Ecuador
Jordan
Lebanon
Uruguay
Chile
Trinidad and Tobago
Marshall Islands
Bolivia
Paraguay
Morocco
Bosnia and Herzegovina
Guatemala
Colombia
Panama
Albania
South Africa
El Salvador
Serbia
Turkmenistan
Seychelles
Gabon
Vanuatu
Fiji
Thailand
Mexico
Dominica
Brazil
Peru
Ukraine
Philippines
Equatorial Guinea
Malaysia
Russia
People's Republic of China
Dominican Republic
Mauritius
Indonesia
Azerbaijan
Honduras
Republic of Macedonia
Kosovo
Saint Vincent and the Grenadines
Jamaica
Kuwait
Cambodia
Papua New Guinea
Iraq
Guyana
Tunisia
Republic of the Congo
Botswana
Moldova
Armenia
Algeria
Mongolia
Laos
Vietnam
Comoros
Nepal
Nicaragua
East Timor
Chad
Pakistan
Iran
Libya
Uzbekistan
Haiti
Mauritania
Lesotho
Solomon Islands
Nigeria
Benin
Afghanistan
Central African Republic
Kazakhstan
Ivory Coast
Cameroon
Togo
Burkina Faso
Kenya
Eswatini
Myanmar
Senegal
India
Angola
Niger
Mali
Bhutan
Sri Lanka
Zambia
Sierra Leone
Mozambique
Ghana
Uganda
Guinea-Bissau
Madagascar
Malawi
Tajikistan
The Gambia
Democratic Republic of the Congo
Bangladesh
Tanzania
Kyrgyzstan
Syria
Cuba
Sudan
Venezuela | 540
546
554
587
641
688
696
715
719
720
722
814
826
881
997
1,015
1,047
1,072
1,150
1,163
1,278
1,448
1,542
1,577
1,588
1,598
1,612
1,689
1,727
1,739
1,745
1,806
1,936
1,961
1,991
1,997
2,003
2,195
2,443
2,451
2,482
2,501
2,714
2,720
2,745
2,778
2,821
2,914
2,964
3,138
3,206
3,227
3,249
3,254
3,757
4,168
4,259
4,276
4,338
4,390
4,418
4,470
4,540
4,674
4,723
4,750
4,803
5,056
5,283
5,341
5,351
5,364
5,384
5,586
5,627
5,931
6,028
6,066
6,116
6,210
6,506
6,552
6,562
6,635
6,831
7,079
7,120
7,164
7,170
7,185
7,203
7,218
7,224
7,447
8,311
8,380
8,604
8,669
8,900
8,969
9,207
9,702
9,757
9,801
10,010
10,897
10,925
11,376
11,512
12,563
13,357
13,450
13,892
14,831
16,655
17,098
17,655
18,135
18,583
19,243
20,043
20,207
21,118
21,753
21,891
22,086
22,903
23,117
24,697
24,982
25,090
25,273
25,723
26,150
26,673
28,145
28,469
28,752
29,090
30,152
31,523
40,040
40,698
42,081
46,110
65,179
65,425
68,528
78,807
81,781
82,955
107,022
180,599
186,425
394,034
1,333,654
1,733,750 |
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Are you having a coinbase commerce related problem or it has to do with the mentioned unknown website? perhaps both?
He has a spam problem. His other message is the same, with a hidden link in the text that has nothing to do with the subject, unfortunately common practice around spammers lately just as editing posts later on and adding links when their post is not on the last page anymore and nobody is seeing it to report. Don't bother with them more than that, report and done! |
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Bumping this with another I told ya: China’s risk of deflation is ‘serious’ — one economist says it’s ‘time to act’ https://www.cnbc.com/2023/07/18/china-deflation-fears-add-to-growth-concerns-wall-street-downgrades.htmlNow, there is some info here that might surprise, some, for example, the GDP growth was 6.3% from a year ago and missing the expected 7.3% , it might sound a lot but it comes over the results from 2022, when the growth was 0.4%, so it's more like a rebound from a period of nothing than actual growth. Much like every country exiting covid restriction went and had a +5+10 % growth. And this is where it gets troubling: This also marked a 0.8% growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year.
“Nominal GDP growth turns out to be lower than real GDP growth in Q2, the first time since comparable data are available in Q4 2016,” said Zhang Zhiwei, Pinpoint Asset Management’s president and chief economist. “This indicates that risk of deflation is serious.” And here it gets dangerous: Chinese banks extended 1.81 trillion yuan ($258.23 billion) in new yuan loans in June, up 22% from May. The bank keeps injecting money and there is no sign of inflation but serious dangerous of deflation and no wonder other authors have had the same thought as me and instantly thought: Japan! China’s corporate woes are narrower than ‘Japanification’ fearsInflation keeps going down in the EU and US, the UK has shown some really sharp drop, pretty soon they will be in the 2%-3% area and right now there is nothing stopping them either, China is already at the brink with 0.2%, there is nothing right now that can stimulate consumption, there is nothing to stimulate spending, and money printing won't solve the things either, besides nobody really wants to cut those rates anyhow. This is going to be pretty interesting, it's going to be the first time in ages major economy would enter deflation since Japan did so everything is on the table. |
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