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1961  Bitcoin / Bitcoin Discussion / Re: PoW vs PoS on: October 23, 2021, 12:38:59 PM
Proof of Stake works in a different manner than Proof of Work. Yes it is a much efficient energy-wise and a much faster system for large-scale cryptocurrencies like bitcoin, but it would also require the consensus of multiple computation systems that will be unified under one single server. If everyone would be willing to chip in some of their computational power and unify it through the cloud, then proof of stake would work. Proof Of Work eliminates the middle man by allocating a dedicated computational system where transactions will be facilitated, this is of course only applicable for small forms of cryptocurrency with little potential for scalability.

Bitcoin is PoW, it is in the whitepaper. However, if everybody agrees, yes bitcoin may switch to PoS as well but I don't think it is going to happen. Some people say PoS is not as safe as PoW and we still don't know if this is right. Eth and cardano doing well so far. So maybe, the hesitations might be baseless.

Bitcoin too is doing fine with PoW, it ensures security and robustness of BTC blockchain. The issue of too much power consumption by bitcoin is as old as hills and IMO its just over hyped. Eth has not switched over to PoS yet as,
Altair, Ethereum 2.0’s first hard fork, is expected to come into effect by the end of the month —  the point where the original proof-of-work Ethereum blockchain will transition to Ethereum 2.0’s proof-of-stake consensus mechanism. Source

Whether its PoW or PoS, they both are same way of climbing the same mountain. As PoW is centralized along miners that can afford expensive mining equipment and electricity bills, in PoS those who can stake huge amount of coins will grab the major share of mining.
When the last bitcoin is mined/bought, it would be harder for everyone to facilitate transactions more so afford them because the system will be overloaded and as a countermeasure, will charge higher fees and would slow the process down for the rest in queue. The thing about POS is it ensures efficiency of service and the price of each transaction which in theory should work, especially for coins with high potentials for scalability like bitcoin and ethereum, with these two being the most common victims of the shortcomings POW has.
1962  Economy / Gambling discussion / Re: Gambling Book/Website Suggestions ? on: October 23, 2021, 11:11:04 AM
Your dad is exceptionally gifted with the ability to always research first before jumping to a new venture. Few people ever have this ability which down the line causes them to incur losses. As per books that will help him study how Blackjack works, I would suggest the World's Greatest Blackjack Book written by Lance Humble, and Blackjack Play Like a Pro written by John Bukofsky. These books are jam-packed with information on how to beat the dealer, what strategies work best for certain situations, and more. I'm sure he'll love these masterpieces because they are very easy to read too.
because I do not think that every strategy you get from the internet will always work for you.
Well, it is true that not all strategies that you see on every YouTube video about playing blackjack or others won't work at all times. Going with all of the videos will take your time.
I think choose those with a lot of views and good comments and you don't have to go through with each video that you see because it's a total waste of time and you might see just the same content and strategies.
What I would suggest your dad do is to analyse the most common situations and combinations of events that happen in each game, make a statistical report from it, and from there derive the most effective strategies he can use in order to counter such eventualities. Of course not every strategy works for the person and for the particular game you're playing but if you narrow it down to a common denominator, you can get positive information you are sure you can use in each game.
1963  Economy / Gambling discussion / Re: Issue of fixed Matches on: October 23, 2021, 10:04:19 AM
Fixed matches come in variety of ways and there's no definitive way to describe a fixed match other than the fact that it is a matched that is rigged to win one's side over the other even before the game starts. It violates the sportsmanship aspect of every sport which is why it is illegal to do so, but of course things like these happen still in some games. I believe the numbers your brother has been given are rigged numbers that he can bet on that would automatically win him the game. Not so sure however if this is some kind of score betting your brother is in though.
In my opinion, fixed matches can only happen in low leagues and some niche sporting events, such as boxing matches at the amateur level or very early stages of the career. I don't think anyone will risk fixing maches in major leagues or at international level events. That is why I only bet on large events and main leagues where the risk of such a situation is almost zero.
Some fixed games also happen in the big leagues. Any form of disadvantageous tactic a team or a facilitator makes to favor one team over the other is considered as a fixing anyway. Last time I watched MLB I saw someone being given a corked bat which is a big violation in baseball games because it gives the batter an unfair speed advantage over the pitcher. And as far as I know that is from a big league game so these fixed matches really exist in any type of game at any ranks.
1964  Economy / Speculation / Re: Crypto will rival or replace fiat in 10 years? on: October 21, 2021, 09:43:38 PM
Bitcoin could indeed come in par in terms of usability with fiat in due time, but to suppose that it could do so in as small a window as 10 years could be ambitious. Marketcap and all-time highs don't necessarily tell that an asset is suddenly becoming rampant across the world. there are certain parameters that you must meet along the way for something as big as what OP is saying to happen. Then again I'm positive that we'll get there at one point along this journey and once we do get there things will go hard for crypto.
76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Is there any possibility that this could happen or this was just another speculation that is impossible to believe, but if we are going to look at the percentage of finance professionals that believe on the possible replacement of fiat with digital assets I think we are in 90% basis in favor of rival or replacement of fiat. Show me your comments about this news guys if you believe or not with this possible replacement?
I think it's possible that the survey will become a reality if crypto is to rival or replace fiat in the next five to ten years. Because in the future there will be changes in the way global finance looks at new businesses with digital assets and how it shapes the financial infrastructure to create future economic growth. In fact, El Salvador made history, being the first country globally to make Bitcoin its official fiat currency. Therefore, it is possible that many other countries will follow in El Salvador's footsteps in the future.
If we are to assume that technology will progress exponentially just like how it is going so far, I think it will at least be possible within our lifetimes, to make such massive claim without proper backing other than the fact that some countries are already doing it could only disappoint us when things go south in the future, so let's take into account everything, even the ones that may sound undesirable for us, to make us prepared for what's about to come. That's basically what I have to say about this. I love crypto as much as the next guy, but sometimes a little bit of realism doesn't hurt.
1965  Economy / Economics / Re: Is budgeting still effective in tackling the need to constantly withdraw money? on: October 21, 2021, 07:32:43 PM
At some level it would still work to budget money even if you need to constantly get funds for everyday activities. However once you reach a certain threshold there is a tradeoff that must be made in order to effectively budget your money. I myself lived a vagrant's lifestyle for a couple of months while I was working on a menial position job just to be able to budget money for myself and for my savings. I know it is somethign that everyone may not be able to do but it's just the way it is.
I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets.  Wink
I have found something similar, if we want to stop ourselves from selling our coins then we need to create an habit of making this hard for ourselves, it seems that it does not make sense as everyone wants to have complete access to their money in this day and age, but this is also why almost no one has savings now, it is so easy to spend our money in stuff that we want that we do not develop any kind of self-control and at the end people spend their fiat or their bitcoin and then find themselves with no savings after years of work.

Self-control is important, but when we open a savings account with a bank, it is a fairly difficult or lengthy process to get our money back. This is one of their security measures or methods to prevent you from easily accessing your money because it is your savings. However, having self-control allows us to save a lot of money. The problem is that when we really need the money, we don't have a choice but to sell it.
I would agree. You need enormous amounts of self-control in order to effectively manage your expenses and your savings. This comes before the budgeting phase because if you don't master self-control you'd just end up spending what you should've been saving up or investing. I know this because I was a repeat offender of these types of misdeeds in budgeting in the past until I made my mind and adjusted my budgeting process. Still regretful up to this day for these mistakes but happy that I was able to get out of that unhealthy lifestyle as early as possible.
1966  Economy / Economics / Re: Will circular economy work ? on: October 21, 2021, 05:48:49 PM
It definitely is possible and would work if everyone from the production up to the executive sector of things are responsible and willing enough to put in the extra effort of implementing such policies. I have seen structures and models that suppose circular economy would work but all of it included utter cooperation from each of the sector and would have little to no room for slacking off. Unfortunately this also means higher product cost but I would personally be willing to pay extra if such processes result into us securing a safer future for our children.
Well, I think we're already somewhat using that kind of system around the mord, if I recall, Japan has their sinks near the toilets so they're able to recycle the water from the sinks to be used for flushing their toilets which saves them billions of money a year for water treatment, and water consumption. It's difficult to do recycling at every level of a product, some stops at the first level and then it's a total waste.
These are just micro circular economies but nonetheless show that it will definitely work if everyone within the system of production and consumption cooperated. Japan is blessed enough to have traditions based on discipline and honor which made it easier for such policies other countries would think of as strict to be implemented with little to no issue or outcry from the public. Total Recycling is also an issue because only a very small percentage of our wastes gets recycled so unless we do something about that, it wouldn't work for the rest of the planet
1967  Economy / Economics / Re: Facebook Diem on the run for launch on: October 21, 2021, 08:36:10 AM
i see this as being the primary currency used within Facebook's site along with Instagram for activities that can be monetized like live donations and promotions. Pretty simple use-case but for a site as big as Facebook this will definitely come in handy for them. What I am against about this however is the fact that it is centralized and is probably governed by Zuck himself. I don't think it really follows the freedom approach that Facebook has been advertising since its conception but then again I understand why they are to centralize this technology and not open source it for everyone.
We've been hearing that Zuckerberg is gearing up to launch the Libra / Diem stablecoin for several years now. It would be much better if he actually did something already. We also remember what difficulties were previously with the launch of this stablecoin. Regulators have strongly opposed the Facebook and stablecoin merger due to the private concentration of significant confidential information on 5-6 billion people. The finance ministers of the European Union countries stated that they would not allow such a stablecoin to circulate on their territory. At a meeting of the US Congress, Zuckerberg promised that this stablecoin would have nothing to do with Facebook. What has changed now? In my opinion, nothing.
I don't even know if this is something that will come out sooner because it's not advertised or even discussed within the platform where it is supposed to be catered towards. I'm not saying he's making us wait for nothing because I am not waiting in any way for this coin to arrive lmao. Just that there has been no direct statement from anyone within that site stating that Zuck or at least Facebook is creating a cryptocurrency that is meant for use within that site itself, with some outer activity use-cases.
1968  Economy / Economics / Re: Just because prices are high, doesn't mean that is a good investment. on: October 17, 2021, 08:50:04 PM
I think that's one of the most common mistakes people make when they first get into crypto. They see an asset, they assume it was good because it was pumping like crazy, invest hundreds of dollars, some even putting their life savings on the line, and then at the end of the day fill the r/suicide section of reddit when the asset drops so low. People gotta understand that despite the fact that price determines a lot, you have to also understand that it only determines the current implications and conditions of the asset itself, never what it could be in the future. That is to be decided by its use-case and utilization.
There are too many people who buy when it is going up and sell when it is going down. That is a bit of a problem in the crypto world, I do not know how we can fix it but I believe that it is certainly something that would be a bit weird if you consider what we are doing right now. I mean if we buy when it is going down and sell when it is going up then we are making a profit and that is how trading is done, that is exactly what we should be doing.

However, if we are making a loss right at when we should be making a profit because we are doing exactly the opposite then I am not going to be really sure how to help these people out neither.
That's just something we would have to live with for the rest of our lives I think. A rookie mistake will always happen on rookies no matter what. So what can we do as experienced investors and cryptocurrency enthusiasts you ask? Well easy. Invest more and don't be stingy with the information we gather. Remember that the community's success is our own success so as an individual not only should you think of yourself when you speculate and study an asset, you also want to think about the people whom you would let know of what the asset is and its pros and cons, from there allow them to make an educated decision for themselves.
1969  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency is important for a country? or not... on: October 17, 2021, 08:25:50 PM
It does nothing. The growth of a certain country is heavily reliant on the number of resources it has and it was able to utilize, the amount of graft and corruption in its government, and its education system. With all these three met, expect that a country is to be considered developed. In the case of bitcoin, or even any cryptocurrency for that matter, I don't see it being a direct assistance in any of these sectors to better a country's growth and development. So individually speaking bitcoin could do wonders for people, but you can't expect cryptocurrencies to help a country out of the mire it is in.
Rather yes than no. It is worthwhile to understand that now the volume of money in this industry is quite large, and if you create favorable conditions for work and impose adequate taxes, you can get excellent profits.
Profit is just one aspect to a multitude of sectors. Jobs are met if education and medicine system is taken care of. Profits and livelihood is achieved well when there's no corruption within the central government. I think you are only speaking for a certain individual which I would assume was yourself when you thought that a country investing in cryptocurrencies would help them develop more as a whole. In actuality I would call the leader who does this nuts because you can't just input the cumulated tax of the people for a gamble like cryptocurrency in the first place.
1970  Bitcoin / Bitcoin Discussion / Re: What Bitcoin stands to gain when the government prints more currencies on: October 17, 2021, 07:58:56 PM
There's nothing to gain from countries especially US trying to undermine its own currency system by printing more greenbacks. Bitcoin will preserve its value over time regardless if USD falls flat on its face tomorrow. Why? Because bitcoin has an ever-decreasing supply and a limited supply that you cannot add more to. Sure, price dumps makes it look bad and may even seem as if bitcoin's price undermines itself, but if you were to study bitcoin's trends ever since it was conceptualized and released to the public, it has only ever gone up.
The government just don't go ahead printing money as they want, there are stipulated protocols, agencies amd policies it entangled in, else printing excessive currency will cause a great eruption of economy instability, unemployment, inflation, decrease GDP, interest rate and affect the supply of money.

But for a successful balance between Government way of money print and the era of digital asset "bitcoin" we have a control system of the government fiat system called the "Monetary Authority" which ensure the adequacy of currency prints, control and effect the policy for central print. While Bitcoin on it own edge has the sacrifice of efforts required to mine it, else the richest country would have been the ones with the highest currency print. You can as well read further on Monetary Authority
Of course, but printing more money would still put a dent to the value of the currency especially if there are still a lot of it in circulation. Inflation can only be regulated, but never completely removed from the system in the case for fiat currencies like the USD. This doesn't happen to bitcoin and other cryptocurrencies no matter how we argue because it is already programmed to be limited, which puts the usability in jeopardy but in the long run preserves the wealth of those who were able to secure theirs.
1971  Economy / Economics / Re: Elon musk now the richest man in earth on: October 17, 2021, 07:41:24 PM
I'm interested less of what he is worth but of what he is capable of and is willing to provide for the future of humanity. So far he's good on my book, spearheading the species to its first interplanetary exploration and habitation, remodeling rockets to be cost efficient and safer than our conventional ones that are basically like airplanes strapped with bombs, plus the fact that he is at least showing respect and support for cryptocurrencies he deems will be the future of money. His actions may perplex many but as long as they serve the greater good, I'm okay with him.
This man is a phenomenon, he's a true businessman, whether you like it or not. It's surprising that he reached the top within a few years, surpassing the wealthiest of all. He used to be involved in the most renowned companies, such as PayPal, in which he was a co-founder. I know that he has pissed the crypto community off, but this man is a true genius.

It's literally taken him his whole life to get as rich as he is, what are you talking about with "a few years."  People who build world-changing companies are often billionaires.  That's how capitalism works.  It's been this way since the Rockefellers and Vanderbilts and Morgans of the world first amassed huge fortunes for building such world-changing companies, and it continues today with the Gates and Buffets and Musks of the world.  But none of it was done "in a few years."  It took all of them literally their whole lives to get as rich as they did.
He wasn't always that famous, I never implied that what he has achieved was accomplished within a few years. He was always a phenomenal businessman, but he became renowned in the last few years, I'd say a good two decades, with the creation of Tesla, SpaceX, while he was also a co-founder of PayPal. I never meant to imply what you said, maybe I didn't phrase it correctly, I just meant that he wasn't always that known.
I'd say Paypal allowed him to be noticed by the people, and then SpaceX along with his goofy tweets and that flamethrower he sold to people really brought him to the spotlight. He also founded the Boring Company which revolutionizes construction as we know it so even when the guy is goofing off, he at least does something that will benefit the people in one way or another. People may have bad takes against him due to him rescinding his investments in crypto, but I have gone past that and looked to what he has been able to do for our species thus far.
1972  Alternate cryptocurrencies / Altcoin Discussion / Re: The rise of Axie Infinity on: October 17, 2021, 07:10:48 PM
Been following Axie Infinity's growth quite recently and I must say, I have to applaud the creators for their wits and their combined unrelenting efforts to keeping this game alive when most developers and founders would've just called it quits and walk with whatever they have. I guess the ever-increasing trust of the people to Axie Infinity led to its continuous, yet slow rise not only in price but in popularity which I think is fair and needed in order to create a huge following. As time goes by more and more people will play Axie and it will become a staple word in households, provided that everything works according to the creators' plan.
When you talk about "price prediction", the most common advise that someone will give you is that it's quite impossible to predict which coin is about to make massive gains, and it's true, even with a lot of research people struggle to find those "gems".


But now that we have seen such a massive move from Axie, we could at least try to find out some triggering factors that could have caused this massive rise, because we have more info right now.


What do you believe to be the key factors that could have made this price movement possible?
news is the best thing to rely if the coin will gonna rise or not, because through prediction it's quite skeptical since we are at the market which is volatile and there's always a chance for negative. Unlike news wherein more realistic because you can really see whats happening or the results and also you can obtain information and potential of the growth rate through in it.
And when it comes axie. Well yes there's a chance because that nft project is very crowded and slp as well so its not surprising if they will gonna skyrocketed in the future as they are now making correction and seems seeking for support... Just keep monitoring the growth rate and keep on eye on the support level if it shows a break out expect it will gonna make a new resistance or more.. Just stay updated on that coins so that you don't miss the opportunity to buy in the right time.
Why would you analyse SLP and AXS's price lol, that would be a waste of time. There are other assets out there that are much needed to be speculated and studied upon than Axie which you could pretty much predict by reading update logs the devs give out every now and then. I guess the people who are into Technical Analysis are just those who either would not play Axie and is there for the currency it is under, or just because they wanted to for the lols, but honestly I wouldn't recommend wasting time and energy reading and predicting what SLP and AXS's price is gonna be.
1973  Economy / Gambling discussion / Re: Gambling Initiation. on: October 17, 2021, 06:40:28 PM
If you're seeing only gambling in the vast expanse of cryptocurrency, you might need to change your search suggestions lol. Sure enough gambling plays a significant role in the industry, but there are a multitude of other sectors that people are also fond of, NFTs, DeFi, games, programming, there are literally a lot of things that you can discover in the world of crypto. I guess what happened here is that you searched once for gambling sites and now everything that you see on the internet relates to that, pesky adsense doing its job. In the case of unregulated gambling, they only play a very small portion of the whole gambling scene in crypto. You can't focus on one part and generalize it based on that particular sector yeah?
Crypto gambling has become more widespread and there are more and more enthusiasts, well even if it is on the less good side, there will still be a lot of enthusiasts, there will be still many people to double their money/their crypto by gambling.
About messing with the image of cryptocurrency... it's up to each individual's decision and it doesn't matter with a particular casino site, a site only provides a place and provides satisfaction for gamblers, after all whether crypto is good or bad depends on what people use it for.
I don't think it would really mess with the image. Has gambling messed the image of Fiat? I don't think so. Cryptocurrency is just like regular cold hard cash, so I don't think it would really affect how people sees cryptocurrencies at the moment. Not to mention the fact that there are a lot of things that are already happening wityhin the cryptocurrency space. Most recent being the Metaverse concept, so it's not like crypto is nothing but gambling, it's just one part of a vast whole.
1974  Economy / Gambling discussion / Re: Play online or physical casinos on: October 17, 2021, 05:58:23 PM
A lot of casinos from where I live at are really strict when it comes to letting people in because of the virus or just downright closed with no update on when they are to open. And with the vaccine being relatively hard to come by these days from where I am situated at I have no choice but to get my gambling fix online (not to misconstrue that I am addicted to gambling coz I'm most certainly not). It pretty much gives the same experience and the same opportunities and the best part about it is the fact that I can gamble even at the comfort of my home.
The first question bordering my mind right now is where to play, I have learned quite a few things from this gambling board and have decided to try my luck out with gambling and will want to know which one should I start with online gambling or going to physical casino house to play some games.
There is no option that is wrong and everything will depend on your circumstances and what you are looking for, in my opinion the entertainment you can get at a physical casino is completely different than the one you can get on online casinos, at online casinos everything is about the games and since everything is digital then you can enjoy of the games whenever you want and also the games are way faster than what you can encounter in a traditional casino, but in a physical casino you also get the chance to interact way more closely with other people with the same hobby and you could even make some friends along the way.
The interactions and the sights are really what gets me going when it comes to physical casinos, but online gambling sites aren't so bad either despite the fact that they are pretty much watered down versions of their physical counterparts. That being said I think both gets the job done and as long as I can at least gamble peaceably, I wouldn't ask for more. Online gambling sites do that for me, if in any case physical casinos would be available again, I might hop in to get that general feel back.
1975  Bitcoin / Bitcoin Discussion / Re: Putin believes Bitcoin has value on: October 17, 2021, 05:10:46 PM
I think the reason why he tried to relate bitcoin into the oil trade is because as of the moment oil and gold are the means of determining whether a country is developed or not, the more oil and gold reserves they have, the more economically powerful a country is. He believes that bitcoin could be used as a substitute for currency but until the time it could be on par with oil in terms of value and use-case he is most likely to sideline it. Bitcoin, albeit a greener option, still falls short on the use-case sector since oil powers everything as of the moment, but as we trend towards a nature-friendly future, not only Russia but many nations which are initially against the use of crypto may change minds and opinions.
Russia is adopting a different attitude towards cryptos than China. President Putin has come public saying "Bitcoin has value but it cannot be used in the Oil trade"

I guess Putin didn't still fully grasp the real potential of cryptos as he says
Quote
“Cryptocurrency is not supported by anything as of yet. It may exist as a means of payment, but I think it’s too early to say about the oil trade in cryptocurrency.”
But even so, it shows that Russia seems to be adopting a friendly position facing cryptocurrency and it may be having some impact on the industry. Given that China adopted a harsh position towards cryptos, is it possible that miners are relocating from China to Russia? Is it possible for Russia to step up to occupy the former place China had in Bitcoin? I guess this is what is happening, otherwise, Putin wouldn't come public with such a neutral position.

The Russian president only said that Bitcoin has value but he also said that Bitcoin cannot be used for oil trading, from the words of the Russian President I think that there is no hope for Bitcoin to be made as legal tender in the country.
From this news we can conclude that the President of Russia does not prohibit bitcoin in his country but the President of Russia also does not accept Bitcoin as a legal tender.
Hopefully in the future the Russian President can accept bitcoin as a legal means of payment so that the poor can be helped by bitcoin and on the other hand so that the price of bitcoin becomes more expensive.
There is still hope I think, we tend to forget the fact that more and more people are revolutionizing towards a future that is not run by non-renewable resources like oil and coal. Thus, once achieved I think we will have good chances that bitcoin could find some space in the Russian economy and be used for their everyday living. We have to consider that the opinion Putin presented is only for the moment and may change for the better, or for worse in the future, once all things are said and done.
1976  Economy / Economics / Re: Fuel prices hitting an eight year high on: October 17, 2021, 04:19:41 PM
You have to remember that these are non-renewable resources. Oil is generally hard to find in the first place, and very scarce as well. Not to mention the detriments that it causes in the environment in the form of pollution. PLus as more and more countries get industrialized, the need for electricity and gasoline increases which then pumps the demand of oil and similar products, with this in mind, we have to consider that if we aren't going to change our ways, the vision of a luscious future will be under the expense that oil prices increases, and that our environment is affected.
The highest price of fuel will lead the world to destruction instead of fossil fuels nuclear energy can easily be promoted as an alternative energy source after the chernoby and fukushima accidents, most people are instinctively considering nuclear power to be dangerous, making it quite unpopular now. Germany and japan have shut down many nuclear power plants since the fukushima accident. Which greatly endangers the habitation of our planet nuclear power is a good option.
People are only looking to the devastation but not in the advantage and the good effect , this is the problem why we are still in trouble of energy when there are other sources .
Nuclear power made some mistakes and people drying , but what about those people who extend their lives because of the energy from nuclear?
and besides our world now is getting advanced so yes we can prevent such mistakes in the past by doing the right thing now.
If there are safer sources of energies like solar and wind, why to keep risking ourselves with nuclear energy? As everyone know it's too dangerous and nobody can predict an accident, it just happens, and once it happens there isn't anything to do besides regretting the actions which lead to that.

Green energy could be already supplying everyone, but it's not interesting for the small group who rules the world as they profit from the precariousness, so it's definitely not going to happen soon. That would be the ideal, because people would be finally autonomous in energy production paying very low costs to supply their homes and to fuel their vehicles.
Thing about these types of resources is they are severely downplayed by big oil companies as inefficient sources of energy compared to oil and coal, which then causes manufacturers and even households to not choose these greener alternatives when in reality they are very efficient and also nature-friendly. Plus the startup price also affects the consumer's opinion over these healthier alternatives that's why among the current sources of energy that we use, the most environmentally-friendly option is nuclear energy.
1977  Economy / Economics / Re: Do you think crypto will be the future for payments in space ? on: October 17, 2021, 02:21:15 PM
I think the concept of internet will need to be reinvented for interplanetary commerce to happen. Of course trades will still go between Earth and possibly Mars as we enter interplanetary exploration courtesy of Elon Musk. Digital will be the mode of payment that Martians and Earthlings will be comfortable of since you can't expect people to run millions of kilometers away from each other just to pay in cash, not to mention the standards it will check for the currency system to be stable between two planets. So digital, if not cryptocurrency, will be the payment as we enter interplanetary age as a species.
Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?
This may happen in the distant future and we find payments in space through crypto, nothing is impossible with blockchain technology, as it is characterized by the speed of transactions and decentralization, so it is perfectly suitable for payment in space and between planets, which cannot be controlled by governments or central banks, but before we think about The matter of space, we must first believe in this technology on our planet, adapt it and use it in reality.

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I think cryptocurrencies will be a faster and more efficient alternative to fiat when making transactions between two planets. That being said the cryptocurrency system that we all have right now would still need to be improved because as great as it is, it will be inefficient for people to pay huge transaction fees, albeit wait for long periods of time in order for a single transfer to be made. Overhauling the Proof-of-work nature of bitcoin and translating it into proof-of-stake will be a great start towards this dream.
1978  Economy / Economics / Re: Who is Happier: Stock investors or Bitcoin investors on: October 17, 2021, 01:09:31 PM
If we are going to determine happiness by whom gets to profit more from their ventures, I would say people who invest in crypto are generally happier than people who invest in stocks and bonds. The ROI is massive in this venture plus the turnaround time is as quick, if not quicker than investing in assets on the stock market. Although the risk may still outweigh the benefits as with any other venture, I would generally say that stock investors are pretty much inferior compared to bitcoin in terms of profit at this point.
This of course goes back to each individual, because indeed each individual will definitely be different in describing the standard of happiness they want.
and here talking about who is the happiest between stock investors and crypto investors of course everyone will make their own statement.
maybe for people who are in this forum will choose crypto as a tool to be happy because indeed those who are here are mostly crypto investors or traders.
it will be a different story when this is asked in a forum or group in which investors are shareholders.
surely of course they will answer better stocks than crypto.
I agree, but I assumed what OP meant by comparing each person's happiness is by how much money they earn from what they do. Which in that case Cryptocurrency investors would reign supreme. There are people who might not agree with me but then again I assumed this is what the OP meant based on how the statement is constructed. I myself have dabbled on both stock investment and bitcoin and so far, I have already cashed out all my stocks and bonds and transferred them all to crypto.
1979  Economy / Economics / Re: Permanent inflation or "just temporary" on: October 17, 2021, 12:13:59 PM
Money and items of trade and currency have this history of inflation since time immemorial. As commodities become more advance and scarce at the same time, it automatically counterbalances the value of the fiat currency it is supported of. This causes inflation which greatly affects the common folk as compared to people who are relatively well-off. That being said I don't think inflation will go away anytime soon unless an overhaul of the money system is made to defect from the things that cause money to lose value, or at least create a readily scarce variation of money that is deflationary at the same time. Bitcoin seems to be a good answer for this but the current volatility of the coin makes it unviable for such role.
For sure, all government needs to hold the seat belt and tight to face the inflation that may or may not come after this. After this pandemic ends, all governments need to work hard to prevent inflation or minimize it by cutting the budget on every post or rebalancing their funds to be spread in all aspects of their economy. But I am sure this inflation is just temporary and will end soon, especially if all companies can back to the business and earn money. The country will get revenue again and everything will be back normal but with a new change because this pandemic changes everything.
After the economy catches up at the upheaval of COVID-19 pandemic there will sure be chances that prices of commodities may rise, and the printing of money made by the Government may or may not affect the price itself once the economy catches up. I do not know what they are to do in order to counterbalance these detriments because if they wouldn't USD would become inferior which will not only affect the dollar but all of currencies that it supports, Bitcoin on the other hand, being decentralized and existing in a different platform than fiat, wouldn't be affected so many people will be expected to invest in bitcoin to save the value of their wealth.
1980  Economy / Economics / Re: Steam bans blockchain games on: October 17, 2021, 09:41:06 AM
I guess what we gamers can only benefit from blockchain is the security itself. I don't think decentralized servers are really needed considering the fact that as OP said, centralized game servers work just as it was intended to albeit with some issues in latency at times. Then again nothing that is not really unfixable and detrimental to the experience of a gamer except for hacking and unauthorized access, which as I said we could integrate the same concept blockchain operates in to offer gamers who have put enormous amounts of time and sometimes money some peace of mind that nobody but them and their authorized users will be able to get their hands on their prized possessions.
There's still a blockchain game in Steam, Mir4. But the twist is there's no more reward from playing it. So if somebody who looks for a play to earn game in Steam and finds Mir4. It's no longer the same as before and this update made them remove the reward system if you're launching the game through Steam. That's why they have a separate client and launching if you're going to play this game. I don't play this game, I've just read it in different forums when I've seen this update.
Too bad, just as I was about to play it because I was intrigued of the earning aspect of the game. Then again I think the game works well on its own even without the earning feature and as long as items are marketable, people could still make money from it by selling such items on the marketplace much like how DOTA 2 item sets work. That way even without the intervention of blockchain or cryptocurrency, there's still some money earning aspect the game has and its players could enjoy.
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