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221  Economy / Economics / Re: Food Prices Are Soaring Faster Than Inflation and Incomes on: March 23, 2021, 05:42:21 PM
Cryptocurrencies being known for innvation and flexibility, could this issue be addressed by rolling out a new crypto token designed to fight global hunger?

This will depend on where they will be getting the value for this kind of currency, if this will be treated as some kind of meal ticket and funded by charity or a non-profit organization I believe it will do what it is intended to do so. But if this kind of crypto will be either bought by people or serve as some kind of free pass where businesses won't profit from it I don't think it will do any good for both the consumers and the businesses. How these cryptocurrency will have value is something that will define if it is successful or not but I do believe a creation of a cryptocurrency is not the solution here since if we took Bitcoin as an example our market leader isn't accepted by most businesses yet I would assume the adoption for the global hunger crypto token will take longer for establishments to accept which will come later after Bitcoin of course.
222  Economy / Exchanges / Re: dogpile for crypto? Is there any such thing as a (trusted) meta-crypto-exchange? on: March 23, 2021, 04:40:20 PM
I don't know any crypto exchange that has that feature but I know a crypto exchange price comparison website, https://cryptoradar.co/, this website just gives you both the highest and lowest offers in several exchanges which is useful for both buy and sell orders they also give you the direct links of those exchanges where you can just manually input your order. I would rather just used this kind of website rather than a crypto-exchange which will just link my other accounts to other crypto exchanges.
223  Economy / Speculation / Re: Hypothesis - bitcoin price is directly related to electricity consumption on: March 22, 2021, 04:21:58 PM
These are estimates for sustained prices – this does not mean that the price cannot go above those values, merely that it cannot maintain those higher values for an extended period.
Miners expenditure on other items (capital, maintenance, labour, etc.) is irrelevant to this hypothesis as it assumes the spend on electricity is a fixed maximum proportion of income and those costs are covered in the remainder. 

Something pretty technical to don't consider other costs in an operation of the miners. This might just be a coincidence and nothing really more above that since really there is more too it then the electrical consumption of mining operations to consider on the price of Bitcoin just like what I have said on the S2F model price prediction in order for it to be accurate must consider all factors which in your case you have only considered electricity as a expenditure. Your theory simple don't consider the basic supply and demand as well as other factors such as laws and regulations or even the possibility of these miners shifting to renewable energy or even consider them having upgrades onto a more efficient ASIC miner. Simply this theory about it being correlated to electrical consumption isn't accurate.
224  Bitcoin / Development & Technical Discussion / Re: Can Lightning Network Hubs be owned by banks? on: March 22, 2021, 02:14:19 PM
This was created during December 2017 the timer were Bitcoin first reach 19,000$ and his assumptions was based on the scaling solution (LN) as the alternative for sending and receiving Bitcoin as the fees on the normal Blockchain transactions were ridiculously high which he pointed out earlier in the video. Now Almost 4 years have passed and I think it is safe to assume that he may have overreacted with the situation Bitcoin had during December 2017, Banks have not monopolize Bitcoin in any kind of Lightning Hubs and on-chain transactions aren't 20-30$ ever since SegWit and LN has been applied for Bitcoin. Also why not to worry about Banks creating their own Lightning Network is most probably is they heavily enforced by AML and KYC regulations as obviously they will always be under the surveillance of the authorities, before you can use this Bank-run LN hubs all users will need to submit KYC which I don't think a lot of people will like especially if there are other non-KYC alternatives.
225  Economy / Service Discussion / Re: a Blockexplorer with the possibility to define a date as well on: March 21, 2021, 09:15:52 PM
I think OP is asking for some kind of yearly filtering system where he will know what balance his wallet has during the period which I believe no blockchain explorer currently have that kind of feature. Mostly what they will have is just the total Bitcoin sent and the total Bitcoin received on that specific wallet address besides that you would have to manually add and subtract all the transactions you have on the period you are looking for.
226  Bitcoin / Bitcoin Discussion / Re: Why doesn't Bitcoin Stop Mining and Shorten Block times? on: March 21, 2021, 08:15:41 PM
Wouldn't BTC's usefulness as a transactional currency increase if transactions could be confirmed quicker?

In theory you are correct but the truth is the "usefulness" of Bitcoin was never an issue as proven by the Lightning Network and SegWit for scaling. Bitcoin has developed several ways on solving the problems in transaction speeds yet Bitcoin as a currency was never adopted by the masses which I could only think of 2 reasons, the first one is people who have Bitcoin are holding it not as a use for money but as an investment, the second one is businesses aren't really trying to accept Bitcoin as a payment but a lot of them also think Bitcoin as an investment. So really transaction speed was never an issue when it comes to Bitcoin's acceptance as a mode of payment but it's generally how the users of it see Bitcoin as a way to grow their money.
227  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: March 21, 2021, 05:57:21 PM
It's almost over. Inter will be the champion. Milan and Juventus can fight for second place but none of them can be first. Even if they win all of their matches left, it's hard to win the championship. Inter won't lose 3-4 matches when only 11 games left.

Not really last season Juventus lost 3 of their last 5 games to Roma, Cagliari, and Udinese if we count their last 11 games they only have won 5 of those games that is why Inter Milan were able to close the gap to only 1 point last year as their performance was much better with only 1 lost and  3 draws in their last 11 games. Inter winning the league isn't set in stone yet and anything can happen just like what Juventus did with their slump last season. Other than that Inter will also be facing Juventus is one these matches as well so they could really close the gap in just 1 match.
228  Bitcoin / Press / Re: [2021-03-18] CNBC - Oakland A's Offering Luxury Suite Access For One Bitcoin on: March 21, 2021, 04:53:13 PM
For something you won't even own? Even if they say that people who purchase it via Bitcoin will have a discount is something that people who have the luxury to spend 1 Bitcoin on a luxury suite more specifically a fan for the Oakland Athletics. I don't know if this is something good or bad but it is definitely on a bad timing for them as most people who have Bitcoin right now are holding it not spending it as it is originally intended to do so. Their market might just be enough for the whales out there interested on spending 1 Bitcoin in their portfolio but this kind of deal definitely is not for the masses.
229  Bitcoin / Project Development / Re: New Crypto Exchange HELP on: March 21, 2021, 04:01:05 PM
Might as well partner up with someone who is already operating a crypto exchang internationally and just propose that you'll be handling the domestic operations in your country. This is a better option especially if your country requires foreign companies to have split in ownership before they are allowed to operate which is common in some countries. Now the only hard thing about this one is will you be the right person for them to be partnered with since they will most likely look for your qualifications if they are enough for them. For me this is a good option for you since you are already promoting a crypto exchange that already has a name for itself and you won't go through the hardships on starting a crypto exchange which mostly won't be trusted by anyone during its early stages.
230  Bitcoin / Legal / Re: Cryptocurrency and Blockchain Regulations in Luxembourg on: March 21, 2021, 03:13:15 PM
I doubt that Luxembourg really has laws specifically meant for Blockchain and maybe you might misunderstood some things when reading your law. Blockchain not unless it is used for commercial purposes shouldn't be regulated as it stand as it is which is a digital public ledger. I read this article regarding the rules and regulations on cryptocurrencies and blockchain tech but when it comes to the blockchain part of the article they only have given a definition of it and it doesn't specifically mentioned anything about a blockchain kind of law it only described how cryptocurrencies used blockchain in their systems.
231  Economy / Economics / Re: Brexit Losses Continue to Mount on: March 21, 2021, 01:53:05 PM
Is Brexit really the reason why the economy of UK is suddenly going down? Because based from what the news I have been seeing the economical downturn is more attributed to the pandemic rather than the Brexit. I've read before that during the first lockdown in UK the economy almost got cut down by a quarter and I think it is one of the biggest factors why they are having problems with the economy. I've also read that during the lockdown some businesses didn't even recovered and they were permanently shutdown. Or maybe the more possible reason here is both Brexit and the pandemic are in play on why UK is experiencing problems the media might only be covering more of the pandemic as they don't want their government to be blamed for the Brexit.
232  Economy / Trading Discussion / Re: Now that cryptocurrency trading volume surpassed the south Korean stock market. on: March 21, 2021, 01:05:16 PM
~snip

That sounds good to hear. I'm very impressed with how well crypto has grown over the last couple of years with steady growing interests. We have always known that crypto will get to a  point where it can compete globally with a host of other markets like stocks and forex. We aren't there yet but we're getting matured gradually. Similar to south Korea, one other country where I've seen a high influx of millennials getting involved in cryptocurrencies is my country, Nigeria. From P2P to trading spots, futures etc. Its a reminder that crypto would be the future of money and finances.

The best part about this is you can give most of the credit to their own citizens as the government didn't really do anything aside from letting the crypto industry be legal in their country, the South Korean government didn't really do some kind of promotion but just legalization of businesses related to crypto and that's it. The citizens of Korea are the ones who figured out that Bitcoin and other cryptocurrencies has more room to grow as compared to other assets. Only if other countries gave these kind of friendly laws for the crypto industry I think other nationalities would be more open to a riskier alternative from the stock market.
233  Economy / Speculation / Re: I have a relatives who ask advise to invest, what should I do? on: March 20, 2021, 09:38:31 PM
I just want to share my experience, I have a relative who come to me and ask advise on what coins to invest now, I don't name a coin and I said he must do his research but he insist that I know, he want to invest immediately.

If I were you in the same position I would just tell them what cryptocurrencies I am currently holding but I would specifically say that I don't know if it is the right time to buy since "the ship has already sailed". After that I will tell him that this isn't the right time to buy were people like him have only got their attention towards cryptocurrencies when it already went up. I'll tell them after that if you want to invest in general you buy your position when it is not yet making any noise as this is the best time to buy it cheap and has the biggest chance of growth, buying now will only make your holding in a bad position as not only you don't have any margin of safety you don't also have any guarantee that it still go up. @OP just give him several warnings about the risk on investing at this moment so he is properly warned before risking his money.
234  Economy / Trading Discussion / Re: Now that cryptocurrency trading volume surpassed the south Korean stock market. on: March 20, 2021, 08:08:10 PM
Here is a headline from 2018 about South Korea's younger generation: Survey: Younger Koreans More Likely to Invest in Crypto

I can't find the exact article but it is similar to this one and it all pointed out that when it comes to investing the younger generation from their country are more inclined to investing in cryptocurrencies rather than the stock market as they have a bigger risk appetite and they see that they can maximize their earnings on cryptocurrencies rather than the stocks combined that South Korea being a one of the most crypto-friedly countries in the world you will see that crypto as an asset will be more popular than assets such as stocks. This is something to be happy about that at least 1 country has gotten it right when it comes to having value for their money.
235  Bitcoin / Development & Technical Discussion / Re: Bitcoin Address with only one possible Transfer Destination? on: March 20, 2021, 06:52:28 PM
The goal is to apply the concept of Defense in depth, so in case the security controls for address 1D2xxxxxx fail, I want to be sure that bitcoin can only be sent to address 1Ji2xxxxxx.

Since there is no specific way on setting up your wallet to send only to 1 address I think a much more effective alternative is just storing your Bitcoin on a cold storage and when I say cold storage something that is not connected to the internet may it be a hardware wallet or Electrum on an off line pc. In this way you won't have to worry about any attack as long as you keep your private keys and seed phrases secure. Also I don't see any real advantage on this one as you are only limiting your wallet to send on a specific address which is like limiting a feature of a wallet, for instance what if it is an emergency and you have to send Bitcoin on another address? You will just make your life more inconvenient with what you will be doing.
236  Economy / Service Discussion / Re: How to Secure Your Assets on Exchange in the Event of Your Death? How it Works: on: March 20, 2021, 05:12:01 PM
I'm not really a technical guy but for me this is harder to understand as compared to just retrieving your wallet via the private key and your service is only limited to Binance. For me it would be easier to teach my kin on how to create and retrieve a wallet so that in case of my death they will know the way on how they will get my Bitcoin. Of course my private key and seed phrases can be stored in a safe place like a safety deposit box in which in case of my death the ownership of that safety deposit box will be handed down to my heir. In this way I can also teach the basics on how they can use Bitcoin wallets which I think is one of the fundamental things they should learn if they will be inheriting my Bitcoin.
237  Bitcoin / Bitcoin Discussion / Re: Power consumption propaganda? on: March 20, 2021, 03:59:26 PM
It's just how people are trying hard to find a reason on banning something or at least make other people concerned about it. If they are concerned about the electrical consumption of Bitcoin then they must be more concerned on other industries that consume more electricity but we don't see them do that kind of action, to keep it short they just want people to worry about it. It's the same approach as what other people are doing when they say "Bitcoin is dark web money" or "Bitcoin is a money for criminals" its the same motive but on a different approach and all they want is to mislead you.
238  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: March 18, 2021, 08:58:25 PM
If Juventus sells Ronaldo to get Pogba, in my opinion, this will be the biggest mistake from Pirlo and juventus board. Because, Ronaldo proved his consistency in every match he participated in. As for Pogba, he is still not sure to be able to make a positive contribution to Juventus who want to return to become champions of Serie A or not when he is come back. If Juventus is experiencing financial difficulties and decides to sell Ronaldo, then Juventus should look for other players who have better potential to play in every Juventus match like how ronaldo doing.

Won't be really that "studid" if you ask me if they sold Ronaldo for Pogba it would only mean that Juventus is really cutting down their expenses and right now Ronaldo's wage is more than Dybala's, De Ligt's, and Ramsey's wage combined. If they are able to sell Ronaldo at a profit after buying Pogba they will significantly cut down their wages and maybe improve some spots from the money they have earned from Ronaldo. This is one of the scenarios I am seeing since ever since the pandemic struck Italy Juventus is one of the first Serie A clubs that asked their staff to cut their wages and this move will just be a reflection for their financial problem. Ronaldo departing Juventus won't even be the end for the team as they are still able to keep up in the league.
239  Bitcoin / Press / Re: [2021-03-16][ET]What’s India’s beef with Bitcoin, really? on: March 18, 2021, 07:45:09 PM
Short Answer: Reserve Bank of India (RBI) power-tripping their way into the legal system.

Long Answer: The legal problem all started with RBI ordering banks not to accept crypto related transactions as they see cryptocurrencies being used by criminals, at this time they have cryptocurrency exchanges like Zebpay who wash pushed into a corner where they have take the matters into legal help which they successfully won via India's own Supreme Court overturning the memorandum of RBI with the banks not accepting crypto related transactions. Now RBI not being able to accept the verdict bitch about it and knock to India's lawmakers saying things like "crypto is use by criminals" , "this will be a danger for Rupee" which obviously their lawmakers will instantly believe. The problem I see here is RBI just escalated things and they didn't just accepted the decision of their Supreme Court siding with the cryptocurrencies, RBI is just headed by the wrong people without real knowledge of the industry that's why they are doing this kinds of action.
240  Bitcoin / Project Development / Re: Enegix Opens New 180MW facility on: March 18, 2021, 04:03:19 PM
"Unlike other countries in Central Asia, the Kazakh government has de facto legalized crypto mining, which makes the market more attractive for both local and foreign players."

Would be great to know if there are some foreign miners who already migrated their operations in your country since from what I remembered you are still seating in the 4th spot when it comes to global hash rate. Since mining hubs like Russia and China are near to you can you say that some of these miners in those countries have move in your country? Because if not the Kazakh government should fully take advantage of the situation where Chinese miners are getting bullied around by their laws where recently Inner Mongolia (Chinese region) has banned mining in their region but the last news I read is they just migrated to another Chinese region, the government I think should promote or even subsidized crypto mining in order for it to attract more miners in your country.
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