Fiat markets are government sanctioned monopoly. Barter system threatens the monopoly of government. And so naturally they would take steps to protect it. I wonder what this year will be like for BTC with so much bad media ( government )
publicity . Elected leaders of the united states might restrict the crypto industry to weaken its economy in contrast to the rest of the world. While the rest of the world deregulates and offers tax cuts to its crypto industry to strengthen their economy in contrast to the USA. That seems like the most obvious outcome. Seeing as how the USA tries so hard to kill its own big tech industry and most successful business enterprise and regions like silicon valley. We love economic suicide. Did that happened in real life or it is kind of movie. $1 for a house sounds like a folktale. Visit: youtube or a search engine. Search: houses for sale 1 dollar. Its surprising how many things that sound like myths and legends turn out to be true, sometimes.  |
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I used to be profitable gambling on sports. It was a consistent money maker for me. Around 2018 many sportsbooks were bought out by wallstreet investment firms who sought to centralize and consolidate the industry. Things began to change noticeably. Its much harder to consistently win gambling on sports in 2020 and 2021 than it was in 2018 and 2019. There are more questionable and shady referee and judging calls. Matchmaking and organizational difficulty is much improved at leveraging insider info that casual gamblers have no access to. I think many recognize the sports gambling industry is changing but don't know the cause behind it. |
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Ben Askren's showed toughness and a high capacity to absorb damage in his fight with Robbie Lawler. https://www.youtube.com/watch?v=c5vrfZNMeaAThey say you can't teach toughness and heart. There are many who hit hard and appear to have impressive skills. Who end up being glass cannons. They can dish it out, but can't take it. I think Ben Askren could win the fight with his toughness, durability, aggressiveness and pace. Its not a guaranteed win for Jake Paul who has never really been tested. |
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Israel Adesanya: "I got malaria 8 times." .... There are many MMA fighters and boxers who say they grew up in poor neighborhoods. Most were never infected by malaria, even once. Adesanya is the best choice for this, being one of the few who can relate to and connect with those living in real poverty. Manny Pacquiao is another. His family was so poor, they ate Manny Pacquiao's pet dog when they had nothing to eat. I think on some level people respect those who come from nothing and earn everything they have. They're more relatable.
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I think Elon Musk is a perfect example of what all of us are capable of achieving if we only managed our time better. As a kid he watched tutorials on the internet and made a video game. Sold it. Watched more tutorials. Made an internet travel website. Sold it. Started another business. Eventually he was involved with paypal. Sold his stake in paypal. Used the capital to fund tesla and space x. Remember $500 flamethrowers Elon Musk sold to raise money. He got that idea from spaceballs the movie. The scene where Yogurt is discussing merchandising at the end. https://www.youtube.com/watch?v=vjB8XXw9y700:37 (Where Elon Musk got the idea for his flamethrowers  ) The internet offers many opportunities and learning experiences. Elon Musk is the 1 guy in 5 billion who actually uses them. While most of us trend towards taking them for granted. |
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You're right, this is just a crypto fluff piece. I think the main thing you're missing. Is the average wage for some african countries being something like $4 to $8 a day. If you can do better than $4 to $8 a day from faucets, airdrops, trading, ICOs. You're doing better than the many african working 8+ hour job days. Trading crypto for a living may not be an option for residents of nations with higher average cost of living. But for some regions like africa, it is an achievable goal. Especially if one considers zimbabwe dollar hyperinflation and other aspects of the area that are worse than crypto scams. |
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Why DeFi gold?
Why not digital gold. Where precious metal assets can be held in trust and spent as digital currency?
That would address storage and transportation issues of precious metals. As well as address difficulty associated with converting them to fiat and convenience issues related to spending.
Gold is great. But it can evolve and be innovated further in ways that appeal to younger generations.
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Learning to trade bitcoin has become a valuable skill set for Africans looking to boost their income.For years, Stephen Aluko lived “hand to mouth” in Nigeria, home to a big but struggling economy in Africa with a high unemployment rate. He worked odd jobs, from running cyber cafes to “soft media” and videography, constantly mulling in the back of his mind if he would be able to pay for his next meal. He was unemployed before hearing about bitcoin (BTC, -2.26%) in 2017. At that point, his shoes hardly held together. When Aluko decided to commit to trading bitcoin – buying and selling the cryptocurrency for profit – that all changed. At first he had second thoughts. He didn’t know what he was doing. But the side hustle worked out so well he’s now been trading the largest cryptocurrency full time for three years. “My finances were not in a good state when I started trading, so you could say bitcoin trading saved me,” Aluko told CoinDesk. “I have made enough money from trading bitcoin that I have been able to get married and can live comfortably without any debts.” This is one example of someone using bitcoin in an unanticipated way to improve his life. And there are many other examples around the world, from Argentina to Iran. “The money I have made from bitcoin trading has made it possible for me to invest in other businesses, be financially independent and live debt-free. So, I do think I have made more money with bitcoin than if I had chosen another career path,” he said. The recent bitcoin bull run didn’t have anything to do with Aluko’s success. CoinDesk talked to Aluko about the rise of bitcoin trading in Africa in August 2020, before the price of bitcoin surpassed its previous all-time high, launching into a bull run. 27% unemploymentAluko knows plenty of other traders who found themselves in a similar position. “It’s not unique to me,” he said. “I know many people in Nigeria [who] trade bitcoin as a way to earn a living. I have also taught people how to trade bitcoin because I know how bitcoin trading has changed my life and I want to be able to help people.” He argues that one factor driving so many people to trading is the high unemployment rate in the region. The situation has only gotten worse since Aluko was unemployed. In Nigeria, for instance, the unemployment rate has tripled over the past five years, swelling to 27%. “Let’s just say that the numbers are not encouraging. There’s a chance that if I had worked hard and done a lot more applying to companies I may have gotten a decent job. But when I think about what I have achieved in three years as a result of trading bitcoin I am sure that I made the right choice,” Aluko said. Other Africans have made the same career decision, giving bitcoin and cryptocurrency trading a try. African exchange Quidax CEO and co-founder Buchi Okoro said this is one of the key reasons people use the exchange. “From our conversations with our customers, we have a lot of people using crypto to earn a living by trading as a full-time job,” Okoro told CoinDesk. Bitcoin trading vs. speculationThen there’s speculation, which is a bit different from trading. Speculation is investing in a risky asset, such as cryptocurrency, with the hope the price will go up and enrich the investor. “Though bitcoin is used for speculation universally throughout the world, it hits differently in Africa,” KenyaCoin, a pseudonymous bitcoin enthusiast from Kenya, told CoinDesk, pointing to unemployment rates, as Okoro had. “There are huge numbers of university graduates who simply cannot find employment in the country. Those with the means, especially those who studied economics, finance or tech, take up speculation in the crypto space to either try to supplement whatever income they do have or as a substitute for ’employment,'” he added. KenyaCoin guesses that speculation is “the number one activity involving bitcoin and crypto on the continent.” Risk of bitcoin and crypto scamsThe rise of bitcoin and crypto in Africa has not necessarily been all rainbows, however. There’s a dark side to this trend, too. Some people have gotten hurt from trading and speculation. Much like the rest of the world, as Africans have explored cryptocurrency as a route to a better income, some have lost money or have fallen for a number of scams. Many Nigerians, for instance, first heard about bitcoin through MMM, a Russian Ponzi scheme that promised investors 100% returns. When MMM didn’t fulfill these lofty promises, participants lost their money. KenyaCoin pointed to infamous cryptocurrency scams BitClub network and Onecoin as other examples of “bad” projects that have flourished in the region, as well as lesser-known scams such as Nurucoin and Crowd1. “Scams often target victims in developing countries, as regulations in the finance and investment space are not always solid and/or enforcement is oftentimes lagging,” he said. Bitcoin and other cryptocurrencies are still new so people in Africa – as well as the rest of the world – are still getting a handle on which cryptocurrency projects are actually useful for them rather than harmful. https://www.coindesk.com/trading-bitcoin-escaping-poverty-africa-nigeria .... Bitcoin having humanitarian qualities and helping the poor, is one of its most neglected and underappreciated aspects. ICOS were not perfect by any means. But they did allow the poor access to accredited investor level opportunities. Part of the crypto worlds success is due to it opening doors and giving opportunities to the poor, they might otherwise never have. |
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Not just more than $100 million, more than $300 million. And while fiat loans are cheap these days I wouldn't be sure about what rates Trump gets given his track record. Trump is known for being a real estate mogul. I would guess $300+ million in debt to deutsch bank, are outstanding 15 to 30 year mortgages he pays on real estate his hotels and businesses are located on. Its a rhetorical question. I get that this is an uncomfortable topic many would prefer to forgot or pretend doesn't exist. Its uncomfortable for many to see how Trump is being treated in the knowledge the rest of us could someday be treated the same. Many would prefer to pretend this doesn't affect Trump at all, and by proxy doesn't affect them at all. But I have to ask in the unlikely event Trump's 200k / year in liquidity actually can save his billion dollar net worth. And that the person who posted can actually explain this. I am not a fan of Trump however the persecution that he is being object of should be very worrying, if they can do that to him, can you imagine what they can do to anyone that does not have the power he holds?
This is why a cashless economy in which all transactions go through centralized parties is a terrible idea for those of us that love freedom, bitcoin is the last obstacle in the path of those that want to get complete control of the society which is why whenever I think of bitcoin failing I get worried about the world that we will get to see if that happened. Don't forget that attacking Trump and backing him into a corner, where he may not have much to lose, could be a poor strategy for whomever makes these decisions. Yes, they can do it. But what will the backlash be? Their attacks on Trump are what forced him to run for President in 2016. The IRS audited him every year for like 10 years. Until Trump got pissed off and ran for President. They might have been better off not attacking Trump and letting him bang supermodels and film reality tv shows all day. |
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wait, there are several advantages to Trump as a former president.
2. Trump is also still paid, of $ 200,000 / YEAR. Trump owes more than $100 million in debt to deutsch bank that he pays interest on. If the APR on his loan is 1%. Its $1 million dollars. If the APR is 0.5% he owes $500,000. How does he pay down the interest off a $200k year salary. Also why are many making these uninformed impulsive comments without taking 5 seconds to do basic math needed to put things into perspective. |
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A Florida bank announced Thursday that it has closed down former President Trump’s account, joining a growing list of entities that have cut ties with the former president following the deadly Jan. 6 Capitol riot. In his financial disclosures, Trump had stated he had two money-market accounts with Banks United, The Washington Post reports. The accounts held somewhere between $5.1 million and $25.2 million. “We no longer have any depository relationship with him," said Banks United, without giving reasons for its decision to shutter the accounts. Another Florida bank, Professional Bank, last week announced that it would be cutting ties with Trump, saying it would no longer conduct business with the former president or his organizations.
Signature Bank in New York and Deutsche Bank have also said they will no longer be conducting future business with Trump. Signature Bank notably took a strong stance against Trump and his allies in Congress, calling for him to resign and saying it would not conduct business with lawmakers who had objected to certifying the presidential election.Deutsche Bank is seeking to resolve more than $300 million in loans, reportedly looking to offload the loans onto another lender due to the negative press their dealings with Trump has caused. Deutsche Bank's relationship with the Trump Organization is under a civil investigation by New York attorney general Letitia James. James is investigating claims made by Trump's former personal attorney Michael Cohen that he had inflated the value of his assets and financial statements. Though the investigation is civil, James has said criminal charges may arise if anything suggesting criminality is discovered during her probe. Manhattan district attorney Cyrus Vance is also conducting an investigation into whether or not Trump misrepresented the value of his assets in order to receive larger tax deductions. Vance recently expanded his investigation to include the Trump family's Westchester County estate, a historic mansion called Seven Springs, built by former Washington Post publisher Eugene Meyer. https://thehill.com/policy/finance/banking-financial-institutions/535282-florida-bank-says-it-has-closed-trumps-accounts.... Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with? Twitter stock trended downward after temporarily suspending Trump's twitter account. Could something similar happen to Banks United, Professional Bank, Signature Bank and Deutsche Bank. If they close Trump's accounts & barr him from doing business with the bank industry? Does this news affect supporters of cashless societies for better or worse. |
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Those "bad" policies for business' are not bad for the public, and that is how the world should be run but people are not realizing this. What is bad for business. - Kills Jobs, income, GDP and decreases standard of living
- Decreases tax revenues for governments
Please explain to me how this is "not" bad for the public. Business is the lifeblood of nations and economies. Looking at the gains recorded on the US stock exchange market after his announcement as the projected winner of the election shows the trust in him and his ability to enact policies that will help improve the economy.
More than 90% of US stock market movement since 2008. Is attributable to the federal reserve injecting liquidity into investment banks who trade stocks. |
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Loans normally require collateral. Proof of income, co-signer, etc. [...] Its more like staking $1,000 to earn $1,600 long term. (Albeit with low efficiency and high fees) Might that be a fair description? Completly wrong. "Loans normally require collateral. Proof of income, co-signer, etc." Loans normally require collateral .. true ... but in real world no one is taking a $$$ loan giving euro as collateral. People are giving hard to cash out things that they still need to use like houses as collateral and use $$$ to buy something else. Here we are talking about cash loan for cash collateral. "Its more like staking $1,000 to earn $1,600 long term. (Albeit with low efficiency and high fees)" ?? This type of loans are being taken only in 2 reasons. When you need token xxx (to use it on platform or to buy something else) and you don't want to be exposed to currency risk of this token or you don't want to be exposed on currency risk resulting from not having token that you used as collateral or to leverage your holdings (and for some reason you are scared of leveraged tokens, margin trading, futures). On the surface, I don't see a massive difference between home owners taking out loans, using their house as collateral. And using cash or crypto as collateral. Liquidity is the main difference, obviously. There is collateral with typical fiat loans, its only structured differently. Another idea for how this could work. Crypto used as collateral in a loan may not be as taxable an asset, as crypto held in typical capital gains scenarios. Your $1,000 in collateral could become free from taxation? I would guess there is a loophole or angle somewhere that could make this worthwhile from a financial perspective. The only question is where. |
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Bitcoin mining is highly mobile. An internet connection being the only requirement.
This mobility translates to mining ops seeking out the cheapest sources of electricity that can be found across the globe.
Low cost sources of electricity are untapped, surplus, energy. Derived from hydroelectric plants and assorted environmentally friendly power.
High cost sources of power are regions where electrical grids are overloaded and energy is scarce.
This illustrates a crypto mining sector where surplus, green and untapped power is the best option for bitcoin mining. The path of least resistance.
$25 million a day, isn't a strain on existing grids, fossil fuels or infrastructure. Its the opposite.
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I see many today who hate corporations. They hate US big tech and hate billionaires. They derive all of their information and views from mainstream media.
Who owns mainstream media? Corporations, US big tech and billionaires.
....
Whatever ones stance on privacy.
I hope they do not intend to -fight- corporations and billionaires. By believing everything mainstream media outlets like CNN or fox news say.
Even most social media accounts and internet influencers are owned on some level.
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Lots of hype behind stimulus in 2021. I remember Obama's $1.4 trillion dollar stimulus plan in 2009. It created 1 job at a maximum cost of $300,000 expense to taxpayers. There were many who were mad about that. Wonder what happened to them. They all seem to have forgotten it ever happened. There could be better methods and plans to achieve goals in contrast to stimulus. State based economic policy is questionably. Corporations can spend $10 million in lobbying fees to net $10 billion in special interest spending. Big state spending is always a cost effective solution for them, they'll always receive more in special interest spending than they'll spend lobbying.
Organized and coordinated, big dollar spending, is the largest deciding factor for how stimulus funds are distributed.
It could benefit society to support paradigms which do more to support the welfare of average working class people.
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On the flip side, his 2020/2021 season could be over. Why do you believe that? I still don't quite understand what knocked out Mahomes since he didn't even hit his head on the floor. As a precautionary measure, I don't think he will be on the pitch in the next game. However, I hope to see him playing the next matches. But, in any case, Chad Henne is working hard to try to fill that position left by Mahomes The reason the NFL cracked down on contact to the head and neck regions. They've had trouble securing health insurance due to head trauma and brain injuries players have been sustaining. Report: NFL No Longer Has General Liability Insurance Covering Head TraumaESPN reports the league is dealing with "an evaporating insurance market that is fundamentally altering the economics of the sport, squeezing and even killing off programs faced with higher costs and a scarcity of available coverage." Multiple sources told ESPN that the NFL no longer has general liability insurance covering head trauma. https://www.si.com/nfl/2019/01/17/nfl-no-more-general-liability-insurance-covering-head-trauma They could take the safe road with Mahomes and keep him on the sidelines to ensure his health. I would guess they'll do a catscan before the game. The results will determine whether or not he plays. Maybe a catscan will reveal minimal brain swelling and injury and Mahomes will be cleared to play. Many NFL players in the past would still be on the field taking hits with concussions, which could have made things much worse. |
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The united states may tax unrealized capital gains to further kill advancement, jobs and innovation it could have benefited from under crypto.
While nations in europe and asia offer tax cuts and incentives to crypto HODL to further develop and benefit from crypto sector gains.
These negative crypto trends making headlines apply only to america and the USA.
The rest of the developed world need not worry.
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I hate to disagree but we are reaching the current computational speed meaning that the microchips are reaching the limit of their size to make a faster standard computer and our only hope of not going to a flat line in computational speed is to develop quantum computers. Not to mention our battle with renewable energy is just getting started, we have a lot of new start ups that promises to create but the problem is not creating a generator but creating an energy storage. I have to agree with you though about the profit, no matter the amount, profit is profit.
Many have said we're reaching upper theoretical limits for electron tunneling and other variables. This is a common theme for the last 10+ years. I remember people repeating word for word what you're saying there in like 2007. That argument hasn't completely killed innovation and advancement. But it has slowed its pace. Initially moore's law predicted transistors on an area would double every year. This was accurate for a time through the 1970s and 1980s. Due to theoretical limits and developmental difficulty increasing, the pace slowed to doubling every 2 years. In the future it could slow further to every 2.5 years or higher. If limits are someday reached, I think performance increases could continue by focusing on other aspects and areas. Faster memory & alternatives to hard disks like SCSI drives can dramatically improve performance. As we've seen with SSDs. The architecture could improve. As could organizational proficiency through AI assisted design. There are many areas with potential for improvement no one is working on atm. |
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But its collateralized loans man. Its not like you dont have money so you take a loan. Its like you have money but you need different type of money that you don't want to take currency risk from owning one (or not owning collateralized one). Loans normally require collateral. Proof of income, co-signer, etc. The $1,000 collateral is returned at the end, when the loan is paid off? Its not a straight trade $1,000 for $600. Its more like staking $1,000 to earn $1,600 long term. (Albeit with low efficiency and high fees) Might that be a fair description? |
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