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21  Other / Off-topic / Re: How do you convince your spouse to let you do things they think you can't do? on: August 14, 2023, 05:07:15 AM
Homedepot hosts free workshops with step by step instructionals on DIY home improvement.

https://www.homedepot.com/workshops/

Attending one of their events might show you're serious about it.

They also rent out equipment to make it easier to avoid buying expensive tools you might only use once.

I renovated a bathroom once where step #1 was hours of removing the existing tile floor by battering it with a heavy steel bar with a blade on the end. Its not the easiest or most glamorous work and its not for everyone. If you're serious about it. Look for the hardest and most labor intensive thing that needs doing around the household. Then go do it. Home renovations are more sweat and heavy lifting than intellectual or artistic pursuit.
22  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: August 14, 2023, 04:29:49 AM

Elon Musk: 6 foot 2.
Mark Zuckenberg: 5 foot 7.

Elon has 7 inch height advantage and probably a big weight advantage.

They're not in the same weight division.


Confirmed my initial suspicions of size and weight differences being too much of a factor.

Mark Zuckerberg says 'it's time to move on,' Elon Musk isn't serious about fighting




https://mmajunkie.usatoday.com/2023/08/mma-ufc-news-mark-zuckerberg-opinion-elon-musk-not-serious-about-fight-rome-twitter-vs-facebook
23  Other / Off-topic / Re: The accident of Titan who went to see the wreckage of Titanic on: August 06, 2023, 10:08:47 AM
Carbon fiber is limited to longitudinal strength running parallel to its fibers. To address this shortcoming layers of fibers are placed at different angles. But this may not effectively compensate for compression. Where enormous pressure is exerted from all sides.

The tail cone being constructed of titanium coupled with the hull of composite fibers could also give both materials different expansion and contraction properties sufficient for catastrophic implosion.
24  Economy / Economics / Re: Europe have one big problem the euro currency on: July 25, 2023, 12:20:57 PM
The euro isn't backed by commodities, tech, natural resources, manufacturing or exports. This leads to questions of how to sustain their relatively high standard of living.

Americans have silicon valley, oil and natural resources. Tesla, apple, google, microsoft, twitter, facebook, etc. The highest statistic for newly minted millionaires and billionaires in the world.

While europe has no lack of desire to compete. Their road is an uncertain one.
25  Economy / Economics / Re: The future of Farming. on: July 25, 2023, 11:12:24 AM

Quote
Ensures Consistent Crop Production
One of the biggest benefits of vertical arming lies in the fact that it is extremely reliable. That means, when you opt for vertical farming, you can be assured of getting consistent crop production throughout the year. This is further made possible because vertical farming doesn’t usually rely on the weather, allowing you to cultivate crops without having to get worked up about adverse weather conditions.
Uses Space Optimally
Reduces Usage of Water
One of the biggest perks of vertical farming lies in the fact that it follows a Hydroponic growing process whereby only 10% of the water is used. This mode of farming also uses fewer fertilizers and nutrients when compared to conventional methods. Since the water is completely clean even after usage, it can be duly reused thereby reducing the total cost and cutting down on waste.
Cuts Down on Transport Cost
You can always choose to grow crops in an area where your customer lives thereby reducing transportation costs, carbon dioxide emissions, and the constant need for refrigerating your produce. At the end of the day, this not only contributes to the freshness of your products but also makes them incredibly profitable.
Doesn’t Involve Chemicals or Pesticides
When you grow food on a vertical farm, you have the chance of completely cutting down on the need to invest in pesticides. That is because your farming is practiced in a controlled environment that prohibits the entry of pests.
Limits Occupational Hazards
With indoor farming in place, no farmer is exposed to the hazards associated with using heavy farming gear. They are also well-protected from a range of ailments like malaria, issues from harmful chemicals, and the likes of it.Since this mode of farming does not affect trees and animals around inland zones, it is also an excellent way to promote biodiversity.
Larger Produce
Probably the biggest benefit of vertical farming is the fact that it helps produce more crops in general. As we already know, this mode of farming enables cultivars to produce crops consistently in a small area. Interestingly, it also boosts the amount of produce.
What do you think about Vertical Farming, do you agree that it is the future of farming really?

https://www.conserve-energy-future.com/advantages-disadvantages-vertical-farming.php


This process works well for producing lettuce. It can produce a fully mature crop from seed in 4 or 5 weeks. The heads of lettuce are small and compact. Their root systems are small making it easy to cluster a high density of them within a small volume of space. There are many successful pilot programs which have demonstrated the viability of this approach in real world application.

However, this approach may not scale to suit agricultural production of other crops. There is an open question as to whether staple foods like corn, wheat or rice - which satisfy a majority of the worlds demands can be produced using these methods.
26  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: July 25, 2023, 10:01:54 AM

Elon Musk: 6 foot 2.
Mark Zuckenberg: 5 foot 7.

Elon has 7 inch height advantage and probably a big weight advantage.

They're not in the same weight division.
27  Alternate cryptocurrencies / Altcoin Discussion / Re: Texas moves to create gold-backed digital currency on: June 14, 2023, 12:09:38 AM
Although this may seem a much nicer idea than a CBDC, will the federal laws allow states to create their own currencies?

I did a quick research on Google whether there are laws pertaining to this. I found out that it may even be unconstitutional. The constitution itself prohibits this. Section 10 of the constitution "denies states the right to coin or to print their own money."[1] I presume this prohibition extends to digital currencies. The country will only have a single national currency.


[1] http://www.let.rug.nl/usa/essays/general/a-brief-history-of-central-banking/money-and-the-constitution.php


Its a state sovereignty issue.

The US federal government illegalizes cannabis. While US states like california legalize it.

The Constitution was authored in an era preceding digital currencies and prohibits the printing of paper money and physical coins. It cannot comment much on digital currencies as they did not exist at the time the document was written.
28  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin Be Badly Hurt if Binance Goes Down? on: June 14, 2023, 12:05:08 AM
Exchanges and marketplaces offering BTC support meeting their untimely demise have been a harsh reality of crypto since silk road and Ross Ulbricht in 2013.

Those who are new to crypto will view binance as a "new" trend.

Those of us who have been here know trends of BTC marketplaces being shut down as part of the bitcoin experience from the beginning.
29  Alternate cryptocurrencies / Altcoin Discussion / Texas moves to create gold-backed digital currency on: June 13, 2023, 11:37:01 PM
Quote
(Kitco News) - As lawmakers in the U.S. introduce bills pushing back against the creation of a U.S.-dollar-based central bank digital currency (CBDC), Texas is opting to go a different route with the creation of a state-issued, gold-backed digital currency.

Based on the text of Senate Bill 2334, which was introduced by state Senator Bryan Huges (R), and House Bill 4903, which was introduced by state Representative Mark Dorazio (R), the legislators are looking to require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold.

“The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust,” the bills state, adding that if needed, a private vendor can be enlisted to help establish the digital currency.

The comptroller would also be required to create a mechanism that would allow the new gold-backed digital currency to be used by citizens for their daily transactions. “In establishing the digital currency the comptroller shall establish a means to ensure that a person who holds the digital currency may readily transfer or assign the digital currency to any other person by electronic means.”

All gold reserves backing the digital currency would be held in a trust with the Texas Bullion Depository that is controlled by the comptroller or another entity appointed by the comptroller. “The trustee shall maintain enough gold to provide for the redemption in gold of all units of the digital currency that have been issued and are not yet redeemed for money or gold,” the bills read.

There will be no limit on the amount of gold-backed digital currency that Texans can purchase. As soon as a purchase is made, the comptroller will be required to “buy a fractional number of troy ounces of gold equal to the number of units of the digital currency issued to the purchaser, and issue to the purchaser a number of units of the digital currency equal to the amount of gold that the comptroller purchases with the money received from the purchaser.”

When someone holding the digital currency wants to redeem it for cash, all they would need to do is present it to the comptroller or a designated agent, who will then sell gold held in the depository account equal to the redemption amount and transfer the funds to the redeemer, minus any fees.

Holders can also elect to redeem the digital currency for gold. The comptroller or one of its designated agents “may manage redemption of the digital currency for gold by the use of bars or coins of standard sizes and may pay fractional remainders in cash as necessary to facilitate the transaction,” the bill states.

The value of each unit of the digital currency will be determined at the time of a transaction and “must be equal to the value of the appropriate fraction of a troy ounce of gold at the time of that transaction.”

And as a way to reassure investors in the fund who are worried about issues like bail-ins, the bill explicitly states that “Money received from the purchase of the digital currency, gold purchased and held under this chapter, and money received from the sale of gold in response to a request for redemption is not available for legislative appropriation.”

All fees generated from the management of the fund will be deposited in an account established in the general revenue fund to help pay the costs.

Both bills end with a line saying, “This ACT takes effect September 1, 2023.” At the time of writing, neither bill had been assigned to a committee. In order to become official law, they must first get a committee hearing, pass by a majority vote, and then be approved in a full vote by the state Senate and House.


https://www.kitco.com/news/2023-04-06/Texas-moves-to-create-gold-backed-digital-currency.html


....


Could gold backed digital currencies be the next BTC ?

Some might recall venezuela proposed to create an oil backed blockchain based CBDC around 5 years ago. The concept of backing digital currencies with other assets is definitely not new.

Earlier this year geopolitical analyst Peter Zeihan laughed at russia for using aircraft to ferry gold shipments to conduct cross border transactions. Now it seems texas is poised to implement the digital transaction solutions which Putin may have desperately needed but not been able to secure.

With global concerns of inflation and economic downtrends gaining precedence. Could a trend whereby digital currencies backed by precious metals or commodities eventually replace international reserve currencies like the dollar emerge?
30  Bitcoin / Bitcoin Discussion / Are Crypto Privacy Coins and Mixers Illegal ? on: March 25, 2023, 01:31:54 PM
Privacy coins and mixers are designed and engineered to make transactions which conceal the identity of end users, allowing them to maintain a relative degree of anonymity.

While many who are not knowledgeable overreact assuming sinister motives are involved. Privacy coins and mixers are no different from browsing the internet with an adblocker. Most people do not want the fuss of having their transactions being scrutinized by random 3rd parties who will spam them with nonsense advertisements related to their latest purchases. Most also do not want their data sold for profit, if they can help it. This leads to cases of moral and acceptable utilization of privacy coins and mixers.

The complexity and coding of most privacy coins and mixers is typically not suitable for criminal applications. Using apps which leave digital footprints across the internet are not a good method for laundering money. Gold and cash are king when it comes to conducting criminal transactions.

At the moment, privacy coins and mixers have no specific laws which make them illegal. Most of the action taken against coins and mixers have been under the direction of regulatory bodies like the SEC. Which have been taking action, without having to prove anything illegal occurred in court. Or even having to prove that any laws were violated.

While that could change as AML (anti money laundering) proposals are considered. Which might eventually deem mixers and privacy coins illegal.

There are no specific laws or regulation which have been passed in the united states that says privacy coins and mixers are illegal and outright banned.

As proof of this, we see there remain mixers and privacy coins operating with a presence inside the USA.

While some have claimed mixers are "obviously illegal" I have yet to see them cite any proof or evidence of this.
31  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: March 21, 2023, 10:46:56 PM
I need to see round 2 of Fiziev vs Gaethje again.

My initial thoughts are Fiziev won round 1 and 2. While Gaethje won round 3.

When Gaethje first fought in the UFC, he impressively defeated Michael Johnson. In post fight interview, Gaethje demanded to meet his equal (believing he had no equal).

After Gaethje lost to Khabib (finally meeting his equal) he began blaming opponents using steroids and all types of things for his losses. When there were much better and more credible reasons for him losing. Like lack of jiu jitsu.

Its disappointing how Gaethje mindset shifted to become very negative when he began facing challenges and adversity. Gaethje entered the UFC with an invincible spirit. It is sad to see that change.
32  Economy / Economics / Florida Governor DeSantis calls for CBDC ban on: March 21, 2023, 10:35:54 PM
Quote
Florida Governor Ron DeSantis has proposed a law that would prohibit the use of a federally adopted central bank digital currency as money within the state, according to a Monday release.

"Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a 'centralized digital dollar' which will stifle innovation and promote government-sanctioned surveillance," DeSantis said in a statement.

While the U.S. has not yet created a CBDC -- a central bank-issued digital currency representing a nation's fiat currency -- both the Biden administration and the Federal Reserve have been assessing the potential risks and benefits since last year.

DeSantis' proposed law would also forbid the use of a CBDC issued by a foreign central bank, calling on other states to adopt similar restrictions.

Here's an in-depth take on what CBDCs are and how they are different from cryptocurrencies.

In January, Bank of America argued that CBDCs are the future of money and payments as most of the globe explores them.


https://www.msn.com/en-us/money/markets/florida-governor-ron-desantis-calls-for-ban-on-cbdc/ar-AA18RGkl


....


I don't remember anyone in a position of power and authority proposing broadscale, all encompassing bans on CBDC before. This could be the first time a proposal like this has been made.

Quote
"Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a 'centralized digital dollar' which will stifle innovation and promote government-sanctioned surveillance," DeSantis said in a statement.

The only CBDC ban I remember is the USA banning venezuela's CBDC the petro:

Quote
First U.S. cryptocurrency ban outlaws Venezuela’s CBDC ‘Petro’ coin

The U.S. executive branch issued an executive order prohibiting the use or purchase of Venezuela’s Petro cryptocurrency, claiming the currency was issued unlawfully in an effort to circumvent U.S. sanctions against Venezuela, and in particular the President Nicolás Maduro’s regime.

“All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order,” the executive order reads.

https://www.digitaltrends.com/computing/us-bans-petro-cryptocurrency/

But in terms of history, there has never been a proposal for a widespread ban of all CBDC.

Over the past few weeks, I've thought about what CBDC means in terms of history. Is it simply another shitcoin? Is it visa and mastercard for central banks?

Given the way governments and state bureaucracies are structured. Have we seen past hierarchies where central banks are integrated into retail markets to the degree which a CBDC would allow? It is an interesting topic to think about.
33  Economy / Economics / Re: Fed on brink of fifth(?) round of quantitative easing on: March 21, 2023, 10:17:00 PM
The size of the fed's balance sheet isn't really a concern in terms of consumer markets. Whatever inflation is printed by the fed is usually contained inside of banks, financial institutions and the government. It remains contained inside of bank and state lending, and doesn't trickle down to retail markets. Where it might drive the cost of priced goods in an uptrend.

The term bubble hasn't ben used by the media since they claimed "bitcoin is a bubble" in years past. That's a key angle which is lurking something like an elephant in the room.

A bubble is the biggest danger associated with the fed expanding its balance sheet as it implies banks and large financial institutions are taking bigger risks with their depositors money. Which are increasingly leading to them being bailed out of their bad investment practices. Given a perfect storm of worst case scenarios, a sufficiently large debt bubble could trigger another 2008 financial crisis.

The fed lending to banks is ok. Its only a problem if banks cannot payback their debt. Or debt bubble grows large enough to where banks can no longer be bailed out.

I wish bitcoin could fix this type of problem. Technology is always seeking to engineer and design away problems caused by the questionable choices of people. Bitcoin was built to decentralize finance to protect the wealth of consumers from being solely reliant upon government and banks. Not so much to prevent banks and financial institutions from taking large risks which could threaten the stability of the global economy. We need another coin for that.
34  Bitcoin / Bitcoin Discussion / Re: LE stealing our BTC because we used ChipMixer for our privacy. What can we do ? on: March 20, 2023, 10:25:53 PM
really?  nobody cares?


This is an old topic dating back to the US war on terror and patriot act.

It falls under a heading of: warrantless search and seizure.

Which most supported, believing it would only be used to fight terrorism.

Today it is used for many other things.

There was a recent case where a US soldier had his life savings seized for no justifiable reason or probable cause:

Watch Cops Seize Combat Vet's Life Savings [RARE FOOTAGE]
https://www.youtube.com/watch?v=MkeS_0NQUZs

There are law firms which handle cases like this(as mentioned in the youtube clip above).

Although in the case of digital assets, it could be much harder to have them returned.
35  Economy / Economics / Re: Bitcoin rising from banking collapse...Permanent or new Fed stops ahead? on: March 20, 2023, 09:54:10 PM
Those who pay attention to US politics, will notice politicians begin their campaigns roughly 1 to 2 years before the elections.

Trump had general Soleimani eliminated roughly 2 years prior to the 2020 US Presidentical election.

Obama had Osama Bin Laden eliminated roughly 1.5 years prior to the 2012 election.

We see similar trends with bitcoin reward halvings.

Investors time an early entry point, approximately 1.5 to 2 years before the halving, to maximize gains.
36  Bitcoin / Bitcoin Discussion / Re: What Bitcoin services do we need for mass adoption? on: March 20, 2023, 12:56:32 AM
What sort of Bitcoin services would you like to see get built out? And what do you think is required for mass adoption, let's say onboarding the first billion people?


Past studies have claimed bitcoin caters to 4 billion unbanked demographic worldwide. Which could imply BTC has already exceeded 1 billion global users.

there are only 87m UTXO's

and following the rule of #not-your-key-not-your-bitcoin
there are under 80m holders.
everyone else is a CEX balance holder. not a bitcoiner



Franky!

Can you please comment on the post I made here earlier today:

https://bitcointalk.org/index.php?topic=5445614.0

Its an interesting topic, that needs your input.
37  Bitcoin / Bitcoin Discussion / Re: is google also telling us wrong about this ? on: March 20, 2023, 12:44:09 AM
I was searched on google just for fun what is total money invested in crypto but it was highlighting just market cap for that search result,
as here shown: https://ibb.co/7RNfFXg

is it possible to determine the total money invested in crypto market,
or i am wrong with this thread.


On chain transactions can be quantified.

Off chain transactions might be quantified to a lesser degree.

Then there are private traders of crypto assets like banks, whose dealings are less disclosed to the public.

Some crypto assets are designed and engineered with privacy and anonymity in mind. These so called privacy coins might obscure transactions and market cap to some degree. Although given recent regulatory crackdowns these assets and design methodology appear to be on a decline.

38  Bitcoin / Bitcoin Discussion / Re: What Bitcoin services do we need for mass adoption? on: March 20, 2023, 12:34:22 AM
What sort of Bitcoin services would you like to see get built out? And what do you think is required for mass adoption, let's say onboarding the first billion people?


Past studies have claimed bitcoin caters to 4 billion unbanked demographic worldwide. Which could imply BTC has already exceeded 1 billion global users.

For bitcoin to penetrate further into mass adoption, implies wider integrated support on social media platforms. Twitter, facebook, instagram, tiktok, youtube or another major service incorporating bitcoin support would be the best method to it attaining broader mainstream acceptance and support.

We know that cryptocurrencies enjoy the most support with younger generations. The area where crypto could exhibit the greatest growth is with older population demographics. Targeting platforms and media used by older generations could give it the biggest boost.

There are certain spokespersons and celebrities who have the ear of those groups. Who might be used to encourage crypto acceptance in the age bracket where it has made the least progress.
39  Other / Off-topic / Re: Outdoor or indoor activities? on: March 20, 2023, 12:23:54 AM
To train the body while neglecting the mind, leads to a regressive development.

The same with training only the mind, while neglecting the body.

Training the body and mind is optimal, and leads to both mind and body complimenting each other.
40  Economy / Economics / Today I learned some US states mandate gold and silver as legal tender on: March 20, 2023, 12:11:38 AM
An interesting development from 2015, which should have made bigger news headlines.

Quote
Utah House Passes Bill Recognizing Gold, Silver as Legal Tender

December 23, 2015

Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.

The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.

The legislation now heads to the state Senate, where a vote is expected next week.

Under the bill, the coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.

If the bill passes, Utah would become the first of 13 states that have proposed similar measures. The others states are Colorado, Georgia, Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Vermont and Washington.

Backers of Utah's bill say they want to send a message to the rest of the country.

"People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy," said Jeffrey Bell, policy director for the Washington-based American Principles in Action, which helped shape the bill.

"If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington," he said.

The U.S. used the gold standard from 1873 until 1933, when President Franklin D. Roosevelt outlawed the private ownership of gold amid the Great Depression. President Richard Nixon abandoned the gold standard altogether when he announced in 1971 that the U.S. would no longer convert dollars to gold at a fixed value.

Critics of the gold standard say it limits countries' control over its monetary policy and leaves them vulnerable to financial shocks, such as the Great Depression. But supporters argue that the current financial system's dependence on the Federal Reserve exposes the value of U.S. money to the risk of runaway inflation.

https://www.foxnews.com/politics/utah-house-passes-bill-recognizing-gold-silver-as-legal-tender


....


Gold and silver being accepted as legal tender is a great idea! Exempting gold and silver from capital gains taxation also makes a ton of sense given current conditions.

This was written and published back in 2015. At the time, I did not see zero interest rates as a concern. I thought they were intended to provide credit and liquidity to small businesses, which historically are responsible for 50% of new job growth in the united states.

Quote
Backers of Utah's bill say they want to send a message to the rest of the country.

"People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy," said Jeffrey Bell, policy director for the Washington-based American Principles in Action, which helped shape the bill.

Now perhaps it is easier to recognize zero interest rates having a flipside negative of fueling the expansion of reckless financial enterprise built upon an unreliable foundation of the expectation of future economic growth. Reckless investment fueled by zero interest rates, could be responsible for most of the major bubbles which have arisen in recent times.

Would fans of crypto support laws to establish precious metals as forms of legal tender? What does everyone think?
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