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221  Economy / Economics / Re: Oil producing countries experiencing hardship. on: May 10, 2024, 11:05:34 PM
With how abundant crude oil is, I think that we're not so far off to think that we're going to be fine energy wise and it's not crude oil that we're using to power our homes, it's mostly fossil fuels and hopefully more nuclear energy so your concern is valid but a little bit misplaced. The problem with crude oil is that it's going to be a big contributor to pollution but the problem is that we don't have any valid replacement for it that's efficient, less toxic to humans, and create lesser if not no amount of pollution. I don't believe that oil producing countries are facing hard times though, maybe those that haven't complied with the USA are having a problem but other than that, it's going smoothly for them I believe.
222  Economy / Economics / Re: Cheap money and High debt can change Job market this is how on: May 10, 2024, 04:34:16 PM
I highly disagree with you, most of the companies and services try their best to give minimum wages to the workers and that's a bitter reality.

It's not easy to earn $1000-$5000 as a normal worker these days. In fact most of the companies are reducing the number of workers because they can't pay them wages.

Most of the workers that work in first world countries often come from third world countries, and they agree to work for 8-12 hours a day for $200-$500 per month.

By keeping those in mind, I don't think whatever you said is true, I know that workers deserve to get good salaries for the amount of effort they put, but I don't think the companies pay them well.
Those that even have the decency to do so, they're the bad companies but there's one more much lower than that and those are the companies that give out dirt cheap wages to their workers, they're never going to see any problem doing that because they know that no one really complains even if they overwork themselves. For someone that came from a third world country, I can agree with you that $1000 is a difficult thing to earn here, that's a top tier employee salary here but that's still not enough to make you survive from all the bills.
223  Economy / Economics / Re: Open your eyes stop talking about usa lose power on: May 10, 2024, 03:52:09 PM
Bitcoin is decentralized, and therefore we have alternatives if we decide not to use dollar, and governments will not be able to impose guardianship over us.
The dollar is involved in every meal we eat or coffee we drink. Global supply chains depend on dollar. Most fuel is priced in dollars, transportation and insurance vehicles are priced in dollars, and even countries that have begun to reduce dependence on the dollar, the dollar still represents the largest part of the budget, so replacing the dollar is currently impossible.
You're right but in a world that's dependent on fiat currency, bitcoin alone isn't going to cut it. You'll have a hard time being able to use bitcoin when the world doesn't fully adopt to it. I wouldn't say impossible to replace the dollar though, there's got to be a tipping point for the dollar and the US government that it's going to be a hard time for them to recover if the breaking point for them is finally reached but as you've already pointed out, the influence that dollar have on our global economy is just too big and deep rooted that it would be difficult to get them out without creating some damages.
224  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin the Dumbest Thing Ever Invented on: May 09, 2024, 11:48:07 PM
If you think it is dumb then what about the other crypto currency?
And if it is a dumb thing invented why is it still in the industry and one of the most popular and highest price in cryptocurrency market?
There are so many people who are against Bitcoin or crypto, but most of them would just ignore it and continue with their life.
OP doesn't see that far to think about that part too much, OP just sees bitcoin and nothing else, kind of like having a myopic view on things, no consideration about other factors or other things that might be related to what OP's yapping about. It's probably just a stunt to troll forum users here in the bitcoin forum which I dare say is pretty effective at doing what it wants to do because it sure did earn the ire that OP is expecting, that's what the basic formula to do with trolling is, you mess with the people by putting up dumb statements and having the conviction to defend those dumb statements.
225  Economy / Economics / Re: Hahahaha, the world of cryptocurrency is really magical on: May 09, 2024, 06:12:07 PM
That's the power of influencers, you can do anything you want and you would that you've got some effect to someone out there, they probably don't even know about this tokens/altcoins and NFTs that you and a lot of people involved in the cryptocurrency market are talking about. Careful with memecoins that are hitching on the popularity of a celebrity because you don't want to be on the receiving end and the stuff that you would get is just meme coins that, people wouldn't want to burden themselves of something that has the potential from them be left with nothing.
226  Economy / Speculation / Re: Bitcoin price predictions gone silence since the DIP. on: May 09, 2024, 05:31:29 PM
This is not something new as it happens every time when there is a dip and you may have noticed similar thing on those so called YouTube experts and those on twitter? When it's on upward trend everybody jumps in to claim themselves as experts and predicts some random number and truly anyone who is expert will not be predicting the price rather working around it to get the most out of it. If it drops bt further you will see fuds as well.
OP is probably shocked that this happens, if you're not new to the bitcoin investing game, you'd know that this is something that's happening more frequent than you'd ever think of, there's times that some people that are always speculating chooses to sbut up because they don't want to be yapping all about bitcoin price all the time, there's more and more things to do besides that anyway, they can always come back to a certain point in time to be speculating about different stuff, shouldn't surprise you OP.
227  Economy / Speculation / Re: When is next significant correction coming? on: May 09, 2024, 04:19:13 PM
There's no definite time and date for a correction, we can only speculate, that's probably the best thing that we can do in that situation, if there's a better way than speculation, we would've done it a long time ago but it seems that this is the best already so we just have to make do with what we're given, play the cards that you were dealt with as the saying goes.
228  Economy / Speculation / Re: Falseful speculations about bitcoin predictions and its halving on: May 09, 2024, 09:10:47 AM
Just ignore them, you really can't help but speculate about the future of bitcoin anyway, that's just how things are, people are imaginative and they want to make something out of that imagination. Let them do their thing, they keep the dream alive of 100k bitcoin. I don't get the falseful speculations though, kind of feels like a contradiction to me, it's a speculation, it's not like it's based on facts or anything, just an opinion and a prediction at best so if you ever think that it's false then it's implied that you believed it and therefore that you don't know what you're doing and you suck as a person because you just believe without evidence or clarification, and that you can't even think for yourself.
229  Economy / Speculation / Re: Post halving investing strategy. on: May 09, 2024, 05:13:32 AM
Not much change in my way of investing, just buy low and sell high and doing some DCA on the side to keep things in a much easier for me and not get left behind when the possibility of the price suddenly pumping, I wouldn't lose the potential to make a profit. I don't get the need to do something different though, is there something that will happen after halving? I'm sure that whatever is going to happen, it's not going to happen immediately or after the same year as the halving, big things in the bitcoin market takes time.
230  Economy / Speculation / Re: Buy BTC sold for 16 BTC-1 mil USD on: May 08, 2024, 04:21:36 PM
My problem with this "epic sat" being auctioned and sold for 33.3 bitcoin is that it tends to make people believe that bitcoin is non-fungible when indeed it is fungible, this sat now has a different value and can no longer be interchanged with another sat of equal value, when ordinarily it should.

I don't have a problem when things like the "buy bitcoin" paper is being auctioned, of course it is non-fungible and there is something that makes it unique and differentiates it from other pieces of paper or similar writings on them, but bitcoin as a currency is fungible and any utxo should be interchangeable with another one of the same value.
That would be the case but I don't think that anything changes to bitcoin, that sat will eventually get mixed with the other sats out there, what's the big deal? It's a stupid thing that they're doing this thing, it's NFT all over again in my opinion. I can only imagine this person not being careful and then selling this exact sat, that would suck if it upholds it's value and it didn't become as you've said just like any other satoshis out there in circulation.
231  Economy / Speculation / Re: LAST CHANCE TO BUY BITCOIN..... on: May 07, 2024, 08:18:08 PM
Anytime is always a good time to buy bitcoin, there's no way that it's going to be possible that there's a last chance when it comes to bitcoin, pretty sure that when it comes to that, it's probably the end of the world but there's really nothing you can do next about it anyway which means that your argument about bitcoin is sort of wrong, and if you're worried about the prices and the value of bitcoin that you're buying, you're probably not going to be able to stop the march of progress, it will continue to go up and it's anyone's fault that they didn't invest earlier when the price was reasonable and you can make more value out of your money when you buy bitcoin.
232  Economy / Economics / Re: Food shortages coming to the United Kingdom, BUT - on: May 07, 2024, 07:18:27 PM
What exactly is causing the farmers to close down their farms though? I feel like people need to know about more of this because this affects them the most, food shortage due to the lack of local food supply would mean an increase in the need for imported food supplies and we all know what's going to happen when that happens right? Higher prices for basic stuff, it's surprising that a lot of people hasn't made complains about this because anything that's mostly natural and is being made artificial by humans is mostly going to get eventually bad and in the case of this one, it's going to be a pretty bad one.
233  Economy / Economics / Re: Harmful effect of robot to the world. on: May 07, 2024, 05:47:07 PM
~

This is not a lie entirely. Definitely, the introduction of Robots and Artificial intelligence will make a lot of people unemployed if they do not do anything about it, because a lot of people will prefer to use a single robot to perform a job meant for five persons. But people will always adapt and live comfortably just as they have always be adapting since the advancement of technology. There is always a solution to every problem and some of the solutions to this employment issue as it relates to the use of robots are:

  • leaving some job roles exclusively for humans: This is the best any government can do for his people.  We all know that if only robots take up most of the jobs, a lot of persons will be displaced. The government has every right to issue an order to every organisation stating what percentage of job positions should be left for humans and what percentage can be handled by robots. This will go a long way in creating a balance in the country as a whole
  • Self improvement: As technology is advancing, no one needs to be told to learns skills so they can meetup with the new standard.  Improve as technology is improving so you can fit into the changing society.

Robots are invented by humans, humans can still regulate its use so it doesn't cause hardships instead of making life easier.
Your points do make sense but they're all banking on the faith that companies ill have the heart to just do those things to take care of people that they only see as numbers, once there's more money out of automation, lay offs will be inevitable. Yes, some roles or jobs can't easily be replaced by robots but the number that would be replaced is more than anyone will expect, of that I'm sure. Again, your point make sense, they can regulate robots but who's saying that they have to do that though? If it hurts their money making, they won't do it most likely.
234  Economy / Gambling discussion / Re: Can you disguise on your real gambling lifestyle just to help a friend/relative? on: May 07, 2024, 04:59:57 PM
Dude, every person lies at some point in their life, I'm sure that you did too so I don't get the moral crisis that you're getting at though? If the only sin is lying and being a traitor or hypocrite to the principle that you pretend to stick too and there's really no person out there that would be pained or hurt emotionally or physically of your white lies then why be afraid of that, you're helping them understand that you can be an example for them to follow and it's not like you've got a bad intention from lying to them, think of it this way, if the lie continues to be more benefit to them then go for it but the moment that it starts to hurt someone, you're probably going to need to start doing something about it.

If you're in a plane hijacked by a terrorist group and the only way to get out of that situation is to lie, would you do it? Pretty sure that you would do it, my point is that you can lie to save yourself and there's times and places that are good for it, not tolerating the lying part though, again, I don't tolerate lies with malicious intent, that's different.
235  Economy / Gambling discussion / Re: A Max Win is the worst thing that could happen to you. on: May 07, 2024, 04:20:51 PM

People run away from a casino that asked KYC right after registration. What they want is no KYC and only ask KYC if they have the amount too big the casino has to require.

I think the gamblers are okay just playing minimum balance as long as they will not submit KYC. But if they win big and there is a reason to submit, they wouldn't mind sending documents.
The problem with KYC is because no matter how they put it, it's invasive and people don't want to be in it especially if those people value their online privacy knowing how expensive data is in the black market, you don't want to risk becoming a part of that sold data and so people are so off put of KYC, imagine if it's really difficult to get those data stolen and there's really no customer base for it, people will not hesitate getting into KYC.

Regarding max wins, I don't get why would you be scared of it? It's not like you have no way of contesting your claim against the casino that you've made a big win right? They can risk not giving you the money but they will lose more when they do that.
236  Economy / Gambling discussion / Re: [Boxing] Inoue vs Nery For Undisputed 122lbs Title - May on: May 07, 2024, 03:49:58 PM
I have seen some fight highlights of Nery and I got to say that there's not a lot of things worth mentioning, he's an okay boxer and I think that he could stand up for himself but pitting him against Inoue, I don't think that he's up for it. It's probably a knockout from Inoue, dude's a monster on the ring so I'm not sure how we can be too dismissive or at the least too indecisive about this one, it's definitely Inoue's win.
237  Economy / Gambling discussion / Re: Devin Haney vs Ryan Garcia on April 20 on: May 07, 2024, 02:46:11 PM
No, you don't know if what you drink are contaminated or now, let's say your drink Protein powder that you bought in the market, maybe it's been been tainted along the way or you ingest food that has been contaminated, like what happens to Canelo during the GGG fight wherein he consume beef from Mexico in which they feed them with steroid to grow big. So you wouldn't notice it until you are being tested and blood taken from you and urine sample.
With how corrupt the boxing federation is, I think that it's still going to be Canelo's fault that he's tested positive for the PEDs, they operate on guilty until proven innocent unless you've got a really big money and influential backer on the board of the boxing federation so no matter how much we want to believe that it's not his fault, the committee assigned will still be the one that's going to be doing the final decision. It's a good measure in my opinion even though it's filled with corruption, I think that not being ignorant or being aware of what you're taking in before the fight should be a prerequisite or should be a common sense because it can be a way for your opponent to sabotage you too.
238  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 07, 2024, 06:08:29 AM
Losing money gambling can be a painful and challenging experience. When you find yourself down a lot of amounts, it's natural to feel desperate to win it back. The temptation is to continue gambling, thinking you'll recoup the losses if you just keep playing. However, this is rarely effective and often leads to even bigger losses. But in reality, those losses are already gone, and chasing them with more bets will likely dig the hole even deeper. Work at your normal job, budget wisely, and rebuild your savings through steady, predictable income rather than high-risk gambling. Stay positive, focus on the future, and find happiness in other areas of life.
That's what the casinos want you to have as a mindset, always chasing losses because with more losses means that you're going to get more desperate and those people have the worst skills of them all since they can't think straight and they don't know how to stop, they're the reason why casinos are still such a good business to go into, the money will come to you and all you need is proper management, enjoyable hospitality, and the right connections. It's easy to say that you can stop whenever you're losing too much but you've got to understand that you're going to need more than the talk that you can stop whenever you want, you're going to also need to have the discipline to do it, without it, you're just never going to get your life going.
239  Bitcoin / Bitcoin Discussion / Re: Mempool Observer Topic on: May 07, 2024, 04:44:15 AM
The fees have come down quite a bit. It looks like the spammers have run out of either the desire or the money to overpay to get their images onto the blockchain. On the one hand it was clear that the most interesting thing for them was to put them in the halving blocks and nearby and on the other hand that the money does not last forever. Let's see if we get below 10 sats/vByte over the weekend.
I'd like to believe that but in my opinion, they're probably waiting for the time that bitcoin is going to be pumping towards a new ATH because that's where the money will be right? They pump the fees with their images and inscriptions while the price is going up and then those that want to sell their bitcoins will have to face the high fees to get their bitcoin out of their hands to get the profit. I hope you've got the angel's tongue and that happens, maybe even lower, I plan to move some bitcoins to a new address after all and I don't like the idea of paying huge money to move small amounts of bitcoin.
240  Bitcoin / Bitcoin Discussion / Re: Could China (or similar) take control of Bitcoin? on: May 07, 2024, 04:07:45 AM
To take control of bitcoin, you need to take control of 80% if not all the networks and even at that moment, you'd still need a lot of power and money (for the equipment) to be able to pull it off and China's lacking in money already if you're keeping up with the Chinese stuff that's reported by investigative reporters so I don't believe that it's in their agenda to take over the bitcoin network anytime soon, pretty sure that whatever they're doing now, bitcoin or any cryptocurrency has no relation to it or anything like that.
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