You can eat the whole month for less than 35$, considering lunch and dinner daily! That is perfect for cutting expenses with food!
And getting sick in the process. Most of that is carbs. I suspect you haven't had the pleasure of eating rice with beans all day, but I can assure you it's going to lead to gases and constipation. I did research on growth and preparation of beans for human consumption purposes, as part of my attempts to HODL agriculture. According to bean cooking recommendations I have seen. The consensus appears to be, beans must be cooked for more than 10 minutes at boiling temperature, to breakdown the chemical components which cause gas and other negative side effects. Some sources claim beans should be cooked for more than 30 to 60 minutes before consumption to completely eliminate gas. (Although I have not gotten around to testing this, yet.) Electricity costs being on the rise, it could be ideal to use passive cookers for this role. Such as solar cookers which use mirrors to redirect the suns rays. |
|
|
|
In true Valentine’s Day fashion, we’re diving into the theme of love…and crypto? According to a new study by Binance, the world’s largest blockchain by trading volume, crypto could have a positive impact on one’s attractiveness. Yes, really. Approximately 83% of participants said liking crypto was an “attractive feature in a relationship,” while 70% said they would be more inclined to go on a date with someone if they found out they were interested in crypto. But only about 38% of those surveyed said their partner was equally as interested and passionate about crypto as they were, while 27% patted themselves on the back for introducing their significant other to the wild, wild world of web3. This growing positive sentiment is in stark contrast to the overall gloomy market outlook; many cryptocurrencies are still down significantly year over year. But as some major cryptocurrencies have had a recent small bull run, like Bitcoin and Ether, up about 30% and 23% year to date, respectively, there is some newfound hope from market players across the industry. And that confidence might be translating into Valentine’s Day gifts, too, according to the report. About 83% of respondents said they would prefer a “crypto gift card” over flowers or chocolate for the holiday. In the U.S., Americans are planning to spend $25.9 billion on Valentine’s Day this year, up about 8% from $23.9 billion last year, according to a survey from the National Retail Federation and Prosper Insights & Analytics. “Valentine’s Day is a special occasion to shop for the people we care most about,” Matthew Shay, NRF president and CEO, said in a statement. “This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” Based on the Binance report, those memorable gifts include buying crypto, too. Of course, take these results with a big scoop of salt. The global survey, which was conducted earlier this month on Binance’s survey platform, had 2,600 respondents (both Binance users and non-users) ranging from 18 to 46 years old. While that number doesn’t fully encompass the billions of people worldwide, it might be pointing toward an attitude shift for those looking to find love — or love those involved — in the crypto space. https://www.yahoo.com/news/crypto-makes-more-attractive-according-090016955.html.... Accurate statistic? And that confidence might be translating into Valentine’s Day gifts, too, according to the report. About 83% of respondents said they would prefer a “crypto gift card” over flowers or chocolate for the holiday. Could being involved with crypto boost a person's sex appeal on the dating scene by lets say 5%? Maybe even 10%? Possibly more than 10%? It would all depend on how many DOGE they had stashed? While I was disappointed when I realized the best relationship advice many women received from their parents was to "marry a rich man". I can recognize the motives behind it and not fault the logic. When I worked in a grocery store there was this old elderly couple who would regularly shop. One day out of nowhere the old woman blurted out: "never marry a handsome man, marry a rich man instead" while she paid her bill at the checkout line. Her husband stood right next to her, seemingly powerless to do or say anything. I felt so embarrassed for him. But I guess that is real life. |
|
|
|
|
What would people of the world do with wealth if they had it? Most who win the lottery end up poor again within a relatively short span of time. Even if all of the poor people of the world were given millions. All of them would probably wind up poor again before much time had passed.
Forces behind wealth distribution being what it is, travel far beyond a mere 80/20 ratio. They are spiritual and cultural. Most of our culture is consumerist in nature where the average person is both encouraged and expected to have a credit card to spend themselves as deep into debt as possible to purchase questionable items which they do not particularly want or need. Spiritually, most feel they have to compete financially against each other. If their neighbor or peers buy a new TV. They have to buy a new TV, too. Its called "keeping up with the joneses". Many feel peer pressured to conflict with their peers and make impulsive purchases so as not to fall behind.
These consumerist patterns trend opposite of a direction which the average person would need to follow in order to accumulate and amass wealth. But they are often an unescapable component to our culture, character and identity. It is these intangibles which serve as central pillars of wealth distribution ratios like the 80/20. But somehow I don't think that many care to think about or question what leads to these things. We simply imagine an invisible magic wand being waved to overturn these fundamental principles. Which is what makes them so difficult to define and address.
|
|
|
|
Busan, South Korea's largest city with a population of over 3,472,000 people according to data gotten from here with people aged above 65yrs taking up 17.5% could have a negative impact on the economy. And data analysis shows that the number of aged citizens is expected to rise to 20.6 by 2025; Pushing the first major city into a super aged population. The statistic of americans who can afford to purchase university level education for their children has declined significantly in recent years. As has the number of americans who can afford healthcare expenses for their kids. Recent issues with americans not being vaccinated could trend with many americans not being able to monetarily afford to have their children immunized. It could be safe to say that people of the world are struggling with similar issues involving the cost of having kids being greater than they can afford. If economic issues relating to inflation, higher cost of fuel, food and living expenses continue. Then, it will naturally become more difficult for people of japan, south korea, the united states and other nations to be able to afford to have children. The majority of these attempts at economic analysis cite a "lack of will" as a prime mover for dwindling populations. But in reality, it could be the economic and financial burden which is serving as the major deterrent. |
|
|
|
Turkish financial watchdog stretched rules to allow crypto donations to help with disaster relief on Feb. 7. The crypto community donated over $4.5 million in seven days to help Turkey with disaster relief. Three wallets were created to collect donations on Feb. 7. Total amount donated sits at slightly over $4.5 million at the time of writing. DonationsAvalanche (AVAX), which Turkish professor Emin Gün Sirer founded, donated $1 million, while Waves (WAVES) founder Sasha.waves donated $50,000 on the first day. Crypto exchange platforms operating in the region Icrypex, Bitget Turkey, Bitci, MexC Turkey, Bitfinex Turkey, OKX, and Gate.io collectively donated $371,499, which equates to 7 million Turkish Lira. Turkish and global crypto influencers and many others also contributed thousands of dollars in crypto to help with disaster relief in the region. BackgroundAfter three significant earthquakes struck Turkey, a Turkish singer Haluk Levent persuaded the country’s financial watchdog (MASAK) to allow collecting crypto donations, which is currently illegal in the country. MASAK allowed three crypto wallets to collect donations for a week. Wallets belong to Levent, who publishes all significant contributions and expenses on his Twitter account. https://cryptoslate.com/crypto-aids-for-turkey-exceed-4-5m-in-one-week/ .... Interesting. After three significant earthquakes struck Turkey, a Turkish singer Haluk Levent persuaded the country’s financial watchdog (MASAK) to allow collecting crypto donations, which is currently illegal in the country.
MASAK allowed three crypto wallets to collect donations for a week. Wallets belong to Levent, who publishes all significant contributions and expenses on his Twitter account. Is it possible that crypto based donations carry a significant advantage over gofundme and other platforms which denominate only in single currencies of fiat? Not everyone in the world has access to digital dollars to donate on US based platforms. National currencies can be limiting in terms of them expressly being used inside the borders of the nation which issues them. The US dollar losing its position as an international reserve currency can only accelerate this process for the USA. Global cryptocurrencies by contrast, can be commonly held and used by residents of all nations. Which could give crypto based donation services a distinct advantage over the digital dollar, yuan, ruple and other assorted national currencies. While I'm not 100% familiar with what happened to the unfortunate residents in turkey's recent earthquake zones. AFAIK it seems a major fault line in turkey ruptured producing more chaos and unfortunate events than we see from most quakes. Real estate located on fault lines are higher risk for earthquake and tsunami damage as indicated by the fukushima disaster which was also constructed on a fault line. The advantage of purchasing and developing real estate located on fault lines is lower cost land. Real estate located on fault lines being cheaper and more affordable in contrast to more stable and reliable land masses. The disadvantages however are greater probability of sink holes, earthquakes, tsunamis and similar natural disasters. For real estate development purposes, living purposes and survival purposes. It can be well worth it to check and see if land that is being developed, lived upon or invested in is located along a fault line. |
|
|
|
|
Beginner's luck is common in stock trading, gambling and investment.
The first wagers and trades a person makes tend to be logical and intelligent. Translating to success.
Then greed and emotion cloud their judgement. They lower their standards and make less rational wagers and trades.
That appears to be the most common cycle for most.
|
|
|
|
I'm not into precious metals and don't know if it'll work but here is a suggestion - you can buy a metal number punch set and do it yourself:  Gold and silver bars. With an air tag or GPS tracker embedded inside of them during the minting process, might be great, as a starting point. |
|
|
|
The Central Bank of the United Arab Emirates (CBUAE) plans to launch a central bank digital currency (CBDC), among other initiatives, as part of efforts to become a financial and digital payment hub. Fast facts- The plans are part of the country’s new financial infrastructure transformation (FIT) program launched on Sunday, which aims to support the local financial services sector through a series of initiatives.
- Stage one of the program includes the issuance of a CBDC for cross-border and domestic use, which the CBUAE said would “address the problems and inefficiency of cross-border payments and help drive innovation for domestic payments, respectively.”
- The government is also planning to begin the plans by launching a unified card payment platform to facilitate e-commerce growth and an instant payments platform to grow into a cashless society.
- Initiatives following the first stage in FIT include a digital assets innovation hub and an e-Know Your Customer platform to help crack down on illicit activity within the space.
- The FIT program announcement followed Dubai’s virtual asset regulatory authority releasing new guides on virtual asset activities for projects operating within the emirates last week, which included a ban on issuing “anonymity-enhanced cryptocurrencies,” also known as “privacy coins.”
- Last year, the Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, said the city aims to be one of the top 10 cities globally in the metaverse economy, creating 40,000 virtual jobs and adding US$4 billion to the city’s economy over five years.
https://finance.yahoo.com/news/uae-central-bank-issue-cbdc-110815317.html.... Will 2023 be a year of deployment for CBDCs worldwide? I think they have a decent approach targeting cross border applications. If they have a trust less design, it will help to reduce cost overhead which would result in a more efficient and cost effective transaction process. Analysts like Peter Zeihan have recently criticized russia for using airplanes full of gold to conduct cross border transactions. The type of CBDC the UAE is deploying could represent a significant improvement in terms of efficiency. They have also announced they will rollout a unified card payment program. Which would probably be similar to many of the card payment programs recently introduced by crypto and payment apps worldwide. I'm not certain how deregulated the financial and economic markets of the UAE were prior to this move. Fullbear2222 recently made a thread claiming dubai leans towards being deregulated: https://bitcointalk.org/index.php?topic=5439130.0How this could affect the economies of dubai and the UAE, I would be interested to hear of. |
|
|
|
The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs. But first, here’s a quick glance of Polygon (MATIC) performance in the last few days: - MATIC price is down by 1.43% as of press time
- Polygon NFTs riding the wave of the Super Bowl hype; now 4th largest in terms of NFT volume at $3.37 million
- MATIC price looks bullish for the long term
Polygon knows exactly what to do with the Super Bowl hype and uses that to gather momentum. Over 1 million @Reddit Super Bowl NFTs minted #onPolygon
Claim yours before the big game 🏈👇🏽https://t.co/1BPiBUJ92r pic.twitter.com/rbP5NH8mkY
— Polygon (@0xPolygon) February 10, 2023 The network’s massive NFT adoption is working in its favor as it gathers strength and has the potential to jump above and beyond the resistance spotted at $1.6. Polygon Flexes Muscles In The NFT SpaceApart from the fact that Polygon is seen to be growing tremendously, especially in the NFT arena, its upcoming mainnet upgrade as well as the zk-EVM has allowed the network to gain more traction. Ethereum is seen to be leading the pack in both the NFT and DeFi space, but it seems that Polygon is keeping up or even close to outpacing the giant. Currently, Polygon is considered the 4th largest in sales volume in the NFT space with over $3.37 million, registering an increase of as much as 30.72%. The number of transactions also jumped by as much as 73% in the past week with Ethereum dropping 4.34%.  MATIC total market cap at $10.6 billion on the daily chartImage link: https://i.ibb.co/4YtmdSz/matic-up.pngMore so, OpenSea’s daily volume also registered a phenomenal growth as it peaked at $18.7 million. Comparatively, the total of NFTs sold has been low in the past couple of months. OpenSea’s monthly volume on Polygon has also barreled past $30 million in its first week which is its highest since May of the previous year, a strong indicator that the value of NFTs on the platform has spiked significantly. MATIC Bulls Seen Dominating In The Long TermMATIC price is seen to be gathering more strength ever since its price was resuscitated when it dipped below $0.3 in June of last year. According to CoinMarketCap, MATIC price has nosedived by 2.86% or trading at $1.22 at the time of writing. Incredibly, MATIC is considered to be one of the top gainers in cryptocurrencies despite the crypto bleeding enormously in the past year. MATIC price is dubbed to be predominantly bullish in a long-term perspective with a firm support base spotted above $1 which means that even with a huge price drop, this can still encourage a rebound rising from $1.05 and could surge further surpassing $1.6. Polygon’s NFT trade volume has witnessed a spike in activity as spotted on February 10, but the total volume for that day is still lower when compared to its monthly high. Overall, MATIC bulls are seen to maintain their winning streak longer than usual. https://www.newsbtc.com/news/polygon-rides-super-bowl-wave/.... Super bowl NFTs are doing well?! There are a few NFL athletes who signed a contract to have their NFL salaries paid in bitcoin. Tampa Bay quarterback Tom Brady was known for doing promotional work for FTX prior to its fall. The NFL is definitely one of the more crypto friendly sporting events worldwide. Yet even though this is a known and documented thing, is anyone surprised NFTs are still showing investment promise? While I'm not a big fan of playing devil's advocate. I would like to see what would happen if Vladimir Putin issued his own line of NFTs as Donald Trump did last year. With the way the world is going, I'm surprised Putin has not already put his own NFTs out there. Could NFTs somehow make a comeback? I had always thought they could use better methods to instill NFTs with intrinsic value. While a baseball card might not have much space to store memory data. NFTs could potentiall store more information digitally. That could be one advantage NFL NFTs have over NFL trading cards and collectibles. There could still be room for innovation and improvement as far as NFTs go. |
|
|
|
In theory the nature gives a lot for free, but in reality it doesn't do it at a constant rate and imho this makes agriculture risky.
If people have a yard, its normal for them to cut their grass. Rake the grass clippings and dispose of them in a landfill. Its not a significant departure from cultural norms to store grass clippings, leaf and weed waste inside a plastic bin to allow it to decompose naturally into compost or potting soil(which can be passively generated). And so not much risk, funding or work is involved. It is also better for the environment to dispose of e-waste naturally, rather than have it build up inside a landfill where it will generate methane and greenhouse gases. Also agriculture is good exercise. Which is something I have been neglecting and somewhat need. |
|
|
|
Red Date Technology, the developer of China’s state-backed blockchain infrastructure Blockchain-based Service Network (BSN), has partnered Dubai-based fintech firm Singularity Innovations to offer blockchain infrastructure services in the Middle East and Africa. Fast facts- As part of the collaboration, Singularity Finance, an Egypt-based unit of Singularity Innovations, will also promote the BSN Spartan Network, a non-cryptocurrency framework available only outside the Chinese mainland, said Red Date in a Monday statement.
- Mo Taysir, chief executive officer of Singularity Innovations said the partnership enables the infrastructure to power international interoperable enterprise blockchain solutions in various fields including global trade, supply chain, identity, carbon credits and personal data management.
- In September, Red Date launched BSN Spartan Network, its new international network for public blockchains with no cryptocurrency involved.
- BSN, regarded by some market participants as leading the digital equivalent of Beijing’s multibillion-dollar Belt and Road infrastructure plan, was founded in 2020 to help shape China’s Web 3.0 infrastructure. It has powerful backers, including the National Development and Reform Commission, which sets and executes national economic policy.
- The BSN Spartan Network, only available outside mainland China, supports three public chains – Ethereum, Cosmos and PolygonEdge – in “non-crypto versions” that are hard forks of their original public chain frameworks, BSN said in its Spartan whitepaper released in September.
- Such a non-crypto foundation, which is in line with China’s stance after it banned crypto trading in September 2021, could appeal to some businesses that are keen to test blockchain capabilities but are put off by crypto’s price volatility, according to BSN.
https://finance.yahoo.com/news/china-international-blockchain-bsn-spartan-091927633.html.... So it seems the chinese state has funded a blockchain based financial system that is a non crypto based hard fork of ethereum, cosmos and polygonedge. This system will be deployed exclusively outside of china's borders and will cater abroad to regions such as africa and the middle east. There has been speculation for many years that such an approach built upon free and open source software might be attempted by CBDCs and other financial systems given their low cost and high degree of public testing to ensure their reliability and robustness of application. While I think everyone knows what ethereum is, cosmos and polygonedge definitely have to be lesser known frameworks. Long story short, this is an interesting project with potential. I wonder what the public reception will be? |
|
|
|
|
Given the way that global demand for personal computers, GPUs and gaming PCs has declined in recent years. I do not think conflict in taiwan would have as much of an impact. While pressure is definitely being applied to taiwan. Its no guarantee of armed conflict or full blown war. Taiwan is probably not a high priority for china or the united states. All eyes at the moment are likely on russia and ukraine. If the war in ukraine escalates, taiwan might easily be forgotten in the background.
It is possible that PC gaming is also on a global decline. Mobile gaming markets are growing, while PC gaming declines. We can see this in new consoles like the playstation 5 not having the all star line up of flagship titles they normally enjoy on release. The economics of the gaming industry is one where PC games are expensive to develop while offering small profit margins. While mobile games offer high revenues with far lower cost of development expense.
Taiwans semiconductor industry revolving around high performance (low nanometer scale) chips in PCs, gives them more leeway as PC gaming declines worldwide.
Although TBH I'm not 100% certain what the chip breakdown is for taiwan. I know they produce many high performance chips which are typically associated with high end performance PCs used by gamers. But as for the rest of their business I'm 100% certain.
|
|
|
|
|
I was thinking about purchasing small amounts of silver.
But if I buy precious metals, I want them in bars that come inscribed with unique serial numbers. To make them easier to track and identify in case of theft.
Is it weird for many gold and silver products to arrive with a paper card with a serial number. Yet the coin or bar will have no serial number. In which case, there is no way to prove it was yours if it was stolen.
The way the precious metals industry does things, make it seem like their process is not ready for prime time.
|
|
|
|
I'm curious to see if some of you do such work and/or what ideas you have about it. I'm still searching for methods of passively investing in agriculture. Preferably in items that will be deflationary in supply over the long term. Or which are likely to grow in demand. To an extent US markets have witnessed this with chicken and egg shortages. Where a passive investment in chickens or eggs could reap rewards if deflationary trends continue. "Demise of globalisation" trends are shifting production towards local sources. Over the long term, this could make stockpiling of aluminum cans and plastic (Polyethylene terephthalate) bottles more profitable than they have been in past eras. I have big plastic containers outside that are around 12 square feet each. All of the weeds and random bushes I pull go into the plastic containers. Where they will passively decompose into potting soil. I have thought about posting advertisements to do free pick ups for cut down trees, leaves, bushes and plants. To mass decompose cubic yards of waste, into compost or potting soil, as a passive process. I will have to see how my initial tests go to get an idea of the proportion and quality of soil I can expect to produce from a certain cubic yardage of waste. Agriculture is a decent approach for my area. I guess which modes of passive investment work best do trend towards being regional specific. Unless we're talking about side hustles and internet investments, which could be on declines considering reports of youtuber revenues being cut. |
|
|
|
- Tether issued its latest attestation report, saying its assets exceeded its liabilities as of December 2022.
- The company said it had a net profit of $700 million in Q4 — which it says is additional to its reserves.
Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a "net profit" of $700 million in the fourth quarter of 2022, which it says is additional to its reserves. "Tether's reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits," the company said in a statement while releasing its December report attested by accounting firm BDO. The report notes Tether's consolidated assets exceeded its liabilities as of Dec. 31, 2022. Tether's consolidated total assets amounted to at least $67.04 billion as of the date, while its consolidated total liabilities amounted to $66.08 billion, per the statement, reflecting excess reserves of at least $960 million. The $700 million profit is "part of shareholder equity, that is, what's in excess of reserves," a Tether spokesperson told The Block. "It's basically additional capital sitting in the company to further strengthen Tether," they added. This is the first time Tether has disclosed profit figures. It, however, did not specify how the profit was realized.  Image link: https://i.ibb.co/5FR4QmN/ss1.jpgLast December, Tether said it will remove all secured loans from its backing in 2023 after The Wall Street Journal said the company's increasing roster of loans might make it unable to pay back redemptions in the event of a crisis. Per today's report, Tether has reduced its secured loans by $300 million. Tether CTO Paolo Ardoino said in the statement that the company "once again proved its stability" in the troubled year of 2022. "Not only were we able to smoothly execute over $21 billion dollars in redemptions during the chaotic events of the year, but Tether has on the other side issued over $10 billion of USDT, an indication of continued organic growth and adoption of Tether," he said. Tether eliminated commercial paper from its reserves last October. Its other assets include corporate bonds, funds and precious metals. Tether's USDT is the largest stablecoin in the market, with a supply of over 68 billion tokens, according to The Block's Data Dashboard. https://www.theblock.co/post/210023/tether-reports-700-million-q4-net-profit-in-latest-attestation-report.... Summary: Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a "net profit" of $700 million in the fourth quarter of 2022, which it says is additional to its reserves.
"Tether's reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits," the company said in a statement while releasing its December report attested by accounting firm BDO. The report notes Tether's consolidated assets exceeded its liabilities as of Dec. 31, 2022.
Tether's consolidated total assets amounted to at least $67.04 billion as of the date, while its consolidated total liabilities amounted to $66.08 billion, per the statement, reflecting excess reserves of at least $960 million. Tether is weighing in with $67.04 billion dollars in market cap that FTX and SBF briefly enjoyed but could not hold on to. $64.04 dollars in market cap. Am I the only one reads these figures imagining the President of el salvador with dollar signs shining in his eyes. The time is ripe to pump those geothermal crypto mines in el salvador to full operating capacity! Its a good day to legislate "digital nomad" travel visas which entice crypto whale investors to remain resident in places they normally would not have access to. Many nations around the world are beginning to recognize they can attract billions of dollars in potentially taxable revenues. Could become motivated to legislate laws which are more friendly towards crypto using demographics. Am I the only thinking along these lines? How do we envision the future? |
|
|
|
The bill would legalize home digital asset mining and the operation of mining businesses in areas zoned for industrial use, and prohibit the Public Service Commission from imposing discriminatory electricity rates on mining businesses.The American state of Mississippi is one step closer to protecting the rights of cryptocurrency miners after the state Senate passed the Mississippi Digital Asset Mining Act on Feb. 8. There is a companion bill under consideration in the state House of Representatives. The Senate bill, authored by state Sen. Josh Harkins, legalizes home digital asset mining and the operation of mining businesses in areas zoned for industrial use. There are already crypto miners operating in Mississippi, which has some of the lowest electricity rates in the country. However, the bill claimed: “Digital asset mining has often faced regulatory challenges at the state and local level.” In addition, the bill prohibits limiting noise from home mining beyond existing limits, imposing requirements on miners beyond those locally applied to data centers, or changing the zoning of a mining center without proper notification and an opportunity to appeal. It also prohibits the Public Service Commission, which regulates utilities, from imposing discriminatory rates on mining businesses and exempts home and business miners from money transmitter status. The bill further provides the state with a legal definition of “virtual currency.” Mississippi is one of the states where the Satoshi Action Fund has been active, with CEO Dennis Porter speaking at a meeting of the Mississippi Senate Finance Committee in January, where he mentioned the potential for crypto miners to use orphaned oil and gas wells as a power source. Both the Senate and House bills mention orphan wells. The House bill would set up a state Digital Asset Mining Council that would consider the use of the wells as a mining power source and other issues throughout the year. The House bill has passed the Ways and Means Committee but has not been debated on the House floor. Mississippi’s legislation contrasts with the two-year moratorium on crypto mining passed in New York and signed into law in November. https://cointelegraph.com/news/mississippi-senate-passes-bill-to-protect-cryptocurrency-miners-from-discrimination .... Mississippi is paving the way to miners being able to mine crypto legally. I have not seen much information disclosed on whether crypto mining in state would be powered by renewable or environmentally friendly sources. Here they only mention oil and gas wells as potential sources of electricity. It would appear some US states are leaning in a pro crypto direction. While other states are leaning in the opposite direction. I cannot remember a time when the united states was so polarised in opposite directions, across such a broad spectrum. But at the very least, isn't it great to have a few potential safe havens inside the USA which crypto advocates might be able to rely upon? |
|
|
|
What are some important tips to put into consideration before leaving one career path for the other?
In terms of traditional financial wisdom, the biggest tip would be to have a second option to fall back on in case your 1st option doesn't work out. College education and a degree, used to serve as a designated alternative. If the 1st choice career as a liberal arts musician or painter doesn't work out. They might have an exit strategy and college degree which would allow them to fall back on a secondary career. There are famous cases of this being put into practice. Famous real estate mogul A.D. Kessler is known for having real estate as an alternative career option, while a career in radio (if I remember correctly) being his 1st. With the rise of modern day job automation and job security not being what it used to. There is a question mark as to which career options might be viewed as being durable and reliable under current economic conditions. Which would open the door to them serving as good fall back points. Knowledge and skill of stock market investment was considered another good skill for youth and teens to develop. Which might allow them to someday fall back upon stock and asset investment, in case their alternative career option doesn't pan out. With the conventional wisdom perhaps being on a decline. People could search for other options. It will be interesting to see what we come up with. |
|
|
|
What do you mean by "deflationary"? When there's rapid inflation, everything that increases in value is "deflationary".
While prices can increase on diminishing supply. Don't forget that they can also increase through rising demand. Growing demand for COVID vaccines drove pharmaceutical profits higher, despite the supply of vaccines being inflationary. When I say deflationary, I guess what I mean is circumstances where supply of an item carries a high probability of diminishing. With it being extremely unlikely that the decreasing supply can be reversed. Or that alternatives might be found. If peak oil is real, it could be considered an example of a deflationary condition that could be difficult or impossible to reverse. Investing in assets and commodities which carry a high probability of being deflationary over the long term, could be a good investment strategy. |
|
|
|
Does this idea also apply to you? You could have the money to buy a new car to replace your old and broken one but you prefer not to touch it. Do you hold yourself from spending what you have to the point of depriving yourself of what you deserve? Do you keep significant savings for occasions that might only happen in your imagination? Or at what point would you allow yourself to be drained of your last penny?
That is a very good question. In the past, I would approach some things as if I had an infinite amount of energy and could never get tired. There are doctors and health experts who recommend that people avoid stressing or straining themselves. I did the opposite of that advice for many years. Which makes me wonder how I did not succeed in screwing up my health or simply dying. Even I do not know the answer. All I know is I ran myself ragged for a long time. It is possible approaching things as if you have infinite energy, is exhausting. Giving yourself an incentive to learn how to generate greater amounts of energy. While actively pacing and rationing the amount of energy expended. Gives zero incentive to learn to produce or gather more of it. The same principles might apply to money. Actively spending and going broke could produce incentive and motivation to develop methods to amass more money. While rationing expenditures might produce an illusion of comfort and safety. |
|
|
|
|
As time passes and we become better informed on challenges and obstacles we face. I believe we will naturally acclimate and adapt to the changing world and its shifting circumstances. Our survival and prosperity will depend upon us doing so. The only question is what form our adaptation will take. I think there are always people doing crazy things we would not expect, taking things to extremes that are both shocking and surprising. When it comes to topics like climate change and global recessions, I think it will be no different. There will be many who will address these topics in ways we would not expect, using any loophole or advantage they can find to do things that are unexpected.
Our culture and society will adapt and shift to meet these challenges head on. To some degree, I think these changes are already manifesting. They say the best way to predict the future is to invent it. And undoubtedly there are many who are taking this to heart.
|
|
|
|
|
Show Posts
