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2121  Other / Politics & Society / Re: Vaccine Passports on: February 18, 2022, 08:46:29 PM
I don't support it, nor am I against it. On the one hand, vaccines do actually protect you from preventing infection, but up to a degree, this protection also wears out as time passes by. On the other hand, being vaccinated doesn't prove that you're virus free. I believe that the concept is accurate, but incorrectly implemented, people should be tested if they are vaccinated or not, especially when entering an enclosed space, however, rapid tests shouldn't be strictly directed for unvaccinated citizens, but for everyone, despite their vaccination status.

Rapid tests do prove if you're virus free, being vaccinated does not.
2122  Other / Meta / Re: Why I love Bitcointalk! on: February 18, 2022, 05:12:34 PM
I've been on this forum for quite a few years (joined in 2014, but went through two large periods of inactivity) and to be honest, it has been a wonderful experience. Despite the fact that it's a great source of income, anyone who denies that is simply lying, it's also an exceptional website to gain knowledge and most importantly, ask for assistance, which will be provided selflessly, no strings attached and without risking being scammed.

I've seen exceptional people here, who were always willing to assist me without any hesitation, compared to Discord or Telegram groups for instance, which are filled with scammers willing to take advantage of you.
2123  Economy / Economics / Re: Inflation hitting a 25yr old record | Predictions for the future on: February 18, 2022, 04:25:53 PM
~
While I see where you're coming from, doesn't the same thing occur in the summer? A/C units use a ton of energy as well, however, I'm not sure on how comparable these two are. Particularly here, there's a widespread issue during the summer, due to the vast number of hotels opening up, the energy supply cannot keep up with the demand. However, this is probably an isolated incident and definitely doesn't occur throughout the globe.

That's why I was quoting Germany and its stupid solar program as an example.

When you need heat in the winter you need it during the night, when there is no sun.
When you need cooling during the summer you need it at peak sun hours, when there is also peak solar energy production.
Basically, when it comes to heating during cold winter Europe has only one chance we ditch coal, nuclear,  but during summer days we, fortunately, have another option.
Valid points and great explanation throughout your posts. I guess only time will tell, but from my point of view, it's not looking that it's going to get much better within 2022.
The situation won't get better anytime soon in my opinion primarily thanks to factors like the pandemic, corruption etc and this has been the case for a long time now. I would be surprised if inflation actually goes down drastically.

The ones who adapt successfully to these rising prices will continue to survive while the rest will perish since it's survival of the fittest in this world.

Inflation doesn't go down drastically. It always happens slowly and steadily if corrective measures are taken by the government. The only way to deal with inflation is to reduce the demand. To reduce the demand, tou have to suck out the excess money from the hands of the common people to government coffers. Interest rate increases and higher taxes are the most effective ways to do that.

For a common people to survive during high inflation, he has to invest in an inflation adjusted instruments like real estate or Gold or cryptos. So when the purchasing power of a currency goes down, the prices of these assets goes up to fill in the hollow.
How exactly does an average citizen, with an average or slightly above average, invest in gold or real estate? I mentioned in the starting post, that the majority of people who claim that inflation is battled by investing have no valid points about investments. Don't get me wrong, I'm not implying that I am, nor am I trying to insult you, but everyone says "invest" without being specific on what and how to do so.
2124  Alternate cryptocurrencies / Altcoin Discussion / Re: A painful loss on: February 17, 2022, 06:37:36 PM
I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this
I would want to say this don't start your research after things starts to get suspicious, always do this from the beginning, I am surprised about your conclusion on this Post and I wonder why you didn't atleast see one of those red areas from this project before you invested.
I don't know your capital capacity but for me I start with a little that's below $100 then after I am satisfied I get enter again with higher than what I first invested.
Okay, I'm quite of a noob when it comes to such projects on DeFi, how exactly do you conduct research regarding a specific project? What do you lookout for, what red flags could one possibly spot, and how are these determined? Certainly, there's no precise way of being 100% safe, but how do you reduce the risk of getting scammed?
2125  Economy / Economics / Re: Inflation hitting a 25yr old record | Predictions for the future on: February 17, 2022, 04:43:25 PM
It's a vicious cycle, the increasing cost of fuel has led to the increase of transportation costs, which obviously leads to higher prices in goods, in order to compensate for the difference. Same thing goes for electricity. However, you're mentioning that winter is about to finish, how is that going to make a difference in energy and fuel?

Less energy is needed to heat houses, be it gas or electricity, less energy to heat schools, administration buildings even malls and shops, less demand means lowering the prices to acceptable levels. Europe imports now energy in all forms because during winter it can't function on its own production, once the days become longer, those damn solar panels that are useless in winter finally produce something, you don't need to burn that much stuff for electricity and so on and on. Once the entire oil industry is back on track it's simply impossible for the prices to be that high, all this happened because the world nearly stopped drilling and just barely bounced back although transportation and agriculture are back to pre-pandemic level consumption.
While I see where you're coming from, doesn't the same thing occur in the summer? A/C units use a ton of energy as well, however, I'm not sure on how comparable these two are. Particularly here, there's a widespread issue during the summer, due to the vast number of hotels opening up, the energy supply cannot keep up with the demand. However, this is probably an isolated incident and definitely doesn't occur throughout the globe.

It's not going to get better or get back to what we've used to see. Once the price especially for fuel and other energy commodities rises, it's hard to pull it back. That's the reality that has been happening all of these years.

Good for those countries that have been researching and making renewable energy as a source as they might feel a little or not feel that much with the global economy's inflation and issue that's being tackled from country to country.

The solutions are what you've said, anything that you can hedge against the inflation like bitcoin, real estate, gold, income-generating asset. You invest on them. Don't forget that when crisis happens and you're affected by a possible war, cash is still needed.
That's what concerning me, fuel and energy prices hardly ever decrease, especially after reaching such prices. Eventually, they will drop, but they certainly won't return where they used to be.
2126  Other / Politics & Society / Re: Can supplements be bad for you? on: February 17, 2022, 02:23:09 PM
The best nutrition comes from natural foods that we consume, both animal and vegetable sources. Supplements are only needed if there are nutrients that are not met in the short term, not for long-term consumption.
In supplements, there are not only multivitamins that we need, but in the process other chemicals such as preservatives are also added, which if consumed long-term have a negative impact, especially on kidney health.
Is there any study backing up what you're mentioning? I guess not. Supplements are often needed, not because nutrients from food aren't enough, but due to being in such a hustle and bustle environment, eating healthy in order to gain enough nutrients isn't always feasible by everyone. Thus, in some cases, supplements may be required for a short period of time. They are fine if they are taken for a few months, overdosing though isn't a healthy practice.
2127  Economy / Economics / Re: Inflation hitting a 25yr old record | Predictions for the future on: February 16, 2022, 09:00:22 PM
The situation is about to get worse, with depressing predictions of it surpassing 7%-8% in the upcoming March. How are we dealing with such a situation? It feels like a battle against an invisible enemy.

Not totally invisible, from the Acropolis just look a bit to the left from the direction of Istambul with a really good pair of binoculars about, 3000km away!  Grin
Just like in my case here and almost everywhere in Europe inflation is triggered by energy prices, look at Japan, finally getting 1%, Australia is at 3% just like Vietnam. If you haven't made the mistake of printing money and you don't really on some war mongrel for fuel this would have passed easy.

That said, things can't get on like this if they are only caused by energy, there is a barrier to how high prices can go before finally some other means of production strat becoming profitable, just like shale drilling did, and how Canada is ramping up production as never before.
Winter is almost done, one last push and we're out of this mess for a while, it will help a lot especially with gas and electricity prices, not that they are going to go back to the past levels but growth will slow down to maybe hopefully a near-complete standstill.
It's a vicious cycle, the increasing cost of fuel has led to the increase of transportation costs, which obviously leads to higher prices in goods, in order to compensate for the difference. Same thing goes for electricity. However, you're mentioning that winter is about to finish, how is that going to make a difference in energy and fuel?

It's definitely not going to return to quarantine levels, that's for sure, but with the upcoming tourist season only a few months from now, I find it hard to believe that anything is going to change for the better, anytime soon.
2128  Other / Politics & Society / Re: Argument against vaccines quite flawed on: February 16, 2022, 07:15:43 PM
Frightening if you think about it. Got fooled once but not doing it over again. Just hoping it isn't as bad as we're thinking. A neighbor mentioned one of his coworkers got comatose after taking the booster. Not sure if it was a different brand as his "full dose" since apparently we was doing fine after those 2 shots. It's the booster that did him in.

That you don't know. The fact something happened to him after getting the booster (even if immediately after) doesn't mean it happened because of it. A lot of people are gonna die after getting any number of doses of this or any other vaccine, and a lot of people will die after not taking it. In fact, the one universal truth is that we're all going to die.
That's why one of science's golden rules is "Correlation Does Not Mean Causation".

Here's an example: Somebody died a few years ago from leptospirosis. Of course, an army of armchair scientists soon determined the person had drank a can of Coca-Cola before dying, So Coca-Cola HAD to be the cause, due to leptospira being found on rat urine. Of course, it took some time for somebody to realize leptospirosis has a 1 to 2 week onset time, so the person must have contracted the disease long before drinking the soda can. Even today, when you buy a soda can, there are people that will warn you to wash it before drinking from it, because you might get leptospirosis.
I'm not sure on which thread it was, but I've also mentioned how side effects are recorded, not only for vaccines, but also for any conditional medicine. Anyway, statistically, numerous people die on a weekly basis, some of which possibly got vaccinated or received a specific drug recently, statistically, there's a X chance of death, from a variety of causes, which have to be recorded regardless of their relationship with the vaccine/medicine.
2129  Economy / Economics / Inflation hitting a 25yr old record | Predictions for the future on: February 16, 2022, 04:46:14 PM
The increasing inflation is currently soaring across the globe, leading to excessive price increases in most goods, in fuel and energy. To make matters worse fuel and energy costs are not included in inflation's index, thus, a 5-6 or 7% increase, is actually a lot worse than anticipated.

In particular, Greece is now facing a 6.2% rise in inflation, compared to January 2021, the largest ever recorded since 1997, compared to 5.1% in December. Increases are now spreading across the spectrum of the economy and not just energy, as it was a while ago, thus reducing disposable income and reducing inflation not to an economic issue but to a wider social issue.

According to ELSTAT data, the goods with the largest increase compared to January 2021 are:

Natural gas with an increase of 154.8%
Heating Oil with an increase of 36%,
Electricity with 56.7%,
Fuels with 21.6%,
Lamb and goat with 17.6%,
Olive oil with 15.4% and
potatoes with 12.3%.
Fresh vegetables 14.4%
 
The situation is about to get worse, with depressing predictions of it surpassing 7%-8% in the upcoming March. How are we dealing with such a situation? It feels like a battle against an invisible enemy. Our available income is shrinking, what is the best way to tackle inflation? The most common answer I've seen is to invest, rather than save, but how exactly do you invest? Since when is buying cryptocurrencies, such as Bitcoin, tackling inflation, since it can also face periods that it's losing value.

Is it going to get any better, and how soon is that going to be, if prices ever recover. Personally, I highly doubt it that the situation is going to get any better within 2022.
2130  Economy / Economics / Re: Just my own thoughts on: February 15, 2022, 07:07:39 PM
Bitcoin is fully decentralized which is why I think it doesn't have to compete with Fiat at all, those who needs the decentralized idea should just keep using BTC as it is, we all know that CBDC will run on the blockchain too but in centralised form so where thus this leave Bitcoin?
Governments are realizing they cannot kill bitcoin with their traditional methods so they are using another tactic, if you cannot beat your enemy then join them, so they are releasing their own centralized coins of which they have complete control.

Then they are going to argue their coins are better because they have the ability to get back  the funds that are stolen by hackers and scammers and this will attract people to those conis, but for people like us that know the truth we will not be interested in their coins, so this changes nothing at all.
Governments can't and shouldn't ban cryptocurrencies, even if they could, because it would cause more harm than good, (government sided). What they can do is tax such movements, which can be easily tracked, up to a degree, by monitoring transactions from and to exchanges. As a result, the government would profit through taxation, without banning them. Is that ideal? Certainly not, but efforts to implement such practices are almost guaranteed.

I was once told by an acquaintance, that the National Bank of Greece blocks any transactions towards the Binance exchange, haven't tested it myself though.
2131  Economy / Economics / Re: Your opinion on side jobs on: February 13, 2022, 09:03:55 PM
If Mr X earns better from a side job when compared to the income from his career option, does the side job still qualify to be called a side job?
Usually career jobs offer opportunities for the individual to reach to upper positions through promotions inside the working field. So even though you earn less from your main job when compared to a side job, you shouldn't give up on it, because on long run it's possible you will have your wage raised and receive extra benefits from the employer, especially if you are an employee on the public sphere.

The important is to work and make as much income as you can. Sometimes we have to earn less now to profit more tomorrow...
While I get your point about acquiring as much as possible, which is something I also support, however, sometimes we shouldn't only seek out money. Don't get me wrong, it's an understandable argument, the world is going through a crisis, cost of living is rapidly rising due to inflation, the pandemic has affected many businesses and sectors, and continues to do so, leading to unemployment, mental issues and financial depression, consequences that we'll suffer for many years to come.

On the other hand, after suffering in a job I do not like (and continue to do so), just because it pays well, personally, if I had the opportunity to do something else, with worse pay, but better conditions, then I'd do it.
Still on preference because some could make out some adjustments as long they could earn big compared on sticking with their passion but earns less.It is understandable that you should really be

able to get lots of resources in terms of income rather than have none.It doesnt matter if its out of your comfort zone or not as long you could able to survive and live then
thats the main priority of someone who had really been striving on finding one and not all would really be having that chance on getting one.So be thankful if ever.
Life shouldn't be simply about surviving though. The truth is, that chances are, we'll eventually land on job that we won't fancy, but it'll get us through the month. Certainly, things could have also been worse, worse pay, even worse conditions and so on. If I had the opportunity however, I'd still choose a worse pay for better conditions and more leisure time.
2132  Economy / Economics / Re: Your opinion on side jobs on: February 13, 2022, 07:38:13 PM
If Mr X earns better from a side job when compared to the income from his career option, does the side job still qualify to be called a side job?
Usually career jobs offer opportunities for the individual to reach to upper positions through promotions inside the working field. So even though you earn less from your main job when compared to a side job, you shouldn't give up on it, because on long run it's possible you will have your wage raised and receive extra benefits from the employer, especially if you are an employee on the public sphere.

The important is to work and make as much income as you can. Sometimes we have to earn less now to profit more tomorrow...
While I get your point about acquiring as much as possible, which is something I also support, however, sometimes we shouldn't only seek out money. Don't get me wrong, it's an understandable argument, the world is going through a crisis, cost of living is rapidly rising due to inflation, the pandemic has affected many businesses and sectors, and continues to do so, leading to unemployment, mental issues and financial depression, consequences that we'll suffer for many years to come.

On the other hand, after suffering in a job I do not like (and continue to do so), just because it pays well, personally, if I had the opportunity to do something else, with worse pay, but better conditions, then I'd do it.
2133  Other / Politics & Society / Re: A vaccine buffet. on: February 13, 2022, 06:33:36 PM
The thing we probably need to observe now would be if there's any long-term effects but with the amount of people who got it and probably the time it'll take to appear, might be hard to isolate.

Well of course, it's not impossible that there will be unknown effects that manifest several years (or later) down the line... but you have to ask yourself how likely this is.

A vaccine isn't like some pill that you take every day, that builds up in your body and continually replenishes itself. You only have a few doses of the vaccine, ever. Once you've had it, it degrades quickly because the substance isn't replenished, because you're not having a follow-up shot the next day. We have decades of vaccine history, and we don't have any evidence of late-manifesting effects. It's not impossible in the sense that nothing is impossible, but really it's incredibly unlikely. A vaccine is more like a set of one-time instructions to learn, rather than a continually replenishing shield.

If you drink a lot of alcohol regularly, you may get liver damage further down the line, due to cumulative damage from many years of heavy drinking.
If you never drink, but have one isolated night of heavy drinking, this isn't going to suddenly manifest as liver damage 30 years later. Your liver is either damaged right now, or it's not. There's no continually replenishing source of alcohol in your body to build up the damage.

I didn't said it's not impossible, more like I'm wondering what these effects would be and how widespread they would be. Would it be something like 1/100, etc.

If I do get one and it's a very rare long-term side-effect, they I can at least tell myself that I took the right risk - it's rare and I'm just unlucky to be one of the few to get it.

If it is widespread though, I can imagine an outrage happening (assuming they can actually trace it back to the vaccine). On the bright side I'd have a lot of people to empathize with and share complaints, etc. "We Are All In This Together" amirite?  Grin
As Cnut237 mentioned, history has showed us that vaccines are unlikely to pose such risks in the long-term and most are found within the first few days. On top of that, the framework around side effects is pretty vague, every week, hundreds of people die for a variety of reasons, the chance of someone being vaccinated and dying by something else a few days or even weeks later is overlapping with statistics and it could be a simple coincidence. However, such incidents have to be recorded as possible side effects, which might have nothing to do with vaccinations themselves.
2134  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin doesn't have a bright future anymore on: February 13, 2022, 05:11:18 PM
What op's referring to is probably that the multiplier is decreasing. In 2017, Bitcoin went from $4k to $20k during the bull run, which is a 5x increase. But the most recent bull run didn't sent the price to $100k. And, needless to say, the multiplier was way bigger in the early days. This is all true, but it doesn't mean that Bitcoin doesn't have a future (a 2x profit is still good profit, and Bitcoin's future is also not necessarily only in being an investment). I agree Ethereum's a good coin, but its days of glorious multipliers are also behind, and I don't think it's too different from Bitcoin in this regard. As for less popular coins, it's always a huge risk to buy them and hope they'll rise.
That's probably OP's point, and I've also said it myself in the past too. I'm guessing that the moment of this thread is that it's deterring the average investor from entering the scene, because gains are pretty much limited. Supposing someone that bought 0.20 BTC, at $50.000 ($10.000 in value), selling at $60.000 would result in a profit of $2.000, which isn't bad, but there might be better choices in terms of ROI, such as Ethereum. On the other hand, I would have peace of mind with Bitcoin, which I always thought it was the safest option.
2135  Economy / Economics / Re: Sustainability in Bitcoin Renewable Energy on: February 13, 2022, 01:47:02 PM
...

Even with solar panels, there's lots of issues. They aren't life long, they need to be repaired and maintained, and their efficiency goes down by 1% every year. The only renewable energy source that has any chance at being sustainable is nuclear, but the environmental radicals won't that happen either.
My knowledge is pretty limited around the subject, thus I don't have any technical information, such as their efficacy, what maintenance they need, or how much time do they last. I've only heard that if it's not sunny enough, their efficacy dramatically drops, and you'll need decent batteries in order to keep up.

However, nuclear energy isn't actually a renewable energy source. While nuclear energy itself is renewable, the fuel it is required isn't. Don't get me wrong, I also support your opinion, nuclear energy is an efficient, generally safe and sustainable way to produce energy. Yes, there were incidents such as Chernobyl or Fukushima in the past, but technology rapidly progresses and learns from such mistakes.
2136  Other / Politics & Society / Re: Argument against vaccines quite flawed on: February 13, 2022, 10:43:06 AM
Most publishing sites are solely interested in information that would help them rank their site; they don't care what they're writing. Even if they lie in their content, they nevertheless rank well on Google. I believe we should report such websites to cybercrime to take action against the perpetrators of such falsehoods. I think that these falsehoods have a significant negative influence on bitcoin's image and community and that we may lose a large number of new investors as a result. This must be put to an end as quickly as feasible.
That's quite common with anything that's trending honestly, and the pandemic has been on the spotlight for the past 2 years now. You'll see it with pretty much anything, from Bitcoin when it's crashing, to vaccines, or anything which is a controversial subject.

For this specific reason, there are a few fact checkers that provide decent information and debunk such theories. However, it's still not that hard nor time consuming to conduct your own research.
2137  Economy / Economics / Re: Sustainability in Bitcoin Renewable Energy on: February 13, 2022, 05:03:41 AM
This is a very fine project. What I am afraid of is the cost implications of the project. If the cost of developing a technology that will trap the energy generated by Bitcoin to a renewable energy is higher than the cost to generate the energy, I think the project will not be sustainable.
It is a good thing that bitcoin mining farms should begin to chase green energy so that bitcoin will not be falling into the trap of governments.

Normally, you will incur high cost at the beginning of the installation of the equipment needed.
But in the long run, you won't shell out much money unless, there are some parts that need to be regularly changed or replaced.
So calculate of the possible ROI of the set-up, how many months or years do you need to run before you can get even with your investments?
If you think it is worth your effort, then do it. Renewable energy is our future to address one of the global concerns, which is climate change.
Maybe, as a miner, this initiative is one way to help this global problem. We should look for alternative ways not to contribute any more problem to the environment.
The initial cost of such an investment isn't as costly as it was a few years ago, for instance, you can now set-up solar panels for your house for a few thousand euros. Certainly, the ROI of such investment may not be that high, however, it's a lifelong one, and especially with the rising electricity costs, it's definitely worth jt.

Moreover, as technology progresses, the initial cost will also drop further, even if it doesn't, I don't think it's something worrisome, since it pays off in a few years.

In order to battle climate change, we'll have to cut down on using fossil fuels, wide adoption of alternative ways such as renewable energy will be vital for our planet's well-being.
2138  Economy / Economics / Re: Sustainability in Bitcoin Renewable Energy on: February 12, 2022, 06:46:55 PM
Certainly, electricity costs were always playing a huge role in Bitcoin mining, especially nowadays, with energy costs constantly climbing. Renewable energy sources will play a significant role in producing electricity in the next few decades. However, it sucks seeing that such technologies are yet to be widely adopted, with approximately 10-12% of the total energy produced stemming from renewable sources.
2139  Economy / Economics / Re: Why Inflation is a big problem for a country? on: February 12, 2022, 04:17:54 PM
Depends on how much inflation we're talking about, let's keep in mind that 1-2% rise is deemed healthy for the economy. On the other hand, the opposite of inflation, deflation deemed as catastrophic. Certainly, inflation has skyrocketed the last few months, rising 4-5% in average if I'm not mistaken (for European countries at least, it's about 5% in Greece), leading to price increases in most if not all goods available.

On top of that, electricity and fuels aren't included in that index, thus, the financial burden on the consumer is way higher.

Have I seen a difference in prices the last few months? Definitely, supermarket costs more, while I'm starting to notice price changes day by day. Don't get me started on fuel, a liter of unleaded 95 costs €1,90, which is something I haven't seen before myself (it also happened back in 2012 if I remember correctly).
2140  Economy / Economics / Re: Your opinion on side jobs on: February 12, 2022, 01:06:54 PM
I'm not considering what is which by the generated income, but accordingly to how much time I dedicate on each one of them. Despite the income factor, I'd still take into account its long-term stability.

For instance, a few months ago, I had three sources of income, one was my main job, one was my internship, which only required a few hours a day at most and the last but not least, Bitcointalk. Despite it not being a side job, it's still a decent, relatively stable side income, which is severely assisting in my financial stability.
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