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2221  Economy / Games and rounds / Re: Sportsbet.io 🥊 Eubank Jr vs. Benn 🥊 (Saturday) on: October 05, 2022, 12:11:22 PM
1.  Benn
2.  Over 8.5 Rounds
3.  Round 9
2222  Economy / Games and rounds / Re: Sportsbet.io 🏎️🏁 Japanese Grand Prix 🏁🏎️ Prediction Contest (October 7) on: October 05, 2022, 11:49:39 AM
1.  Verstappen
2.  Hamilton
3.  Verstappen
2223  Bitcoin / Bitcoin Discussion / Re: Net Bitcoin ATMs growth drops globally for the first time ever on: October 02, 2022, 04:59:31 PM
I remember that the vast majority of Bitcoin ATMs are in North America, so their distribution and significance has been very unequal for a while. It's important to keep in mind because there are many countries outside North America where Bitcoin is quite highly adopted but ATMs have never been a big thing or a part of that adoption. If we look at it this way, it doesn't seem like it's a big deal that the number of ATMs is dropping. Moreover, ATMs often require high fees, not to mention that making a transaction somewhere in a shop or even on the road where the ATM is can be far less comfortable than calmly doing it at home from a PC.
2224  Bitcoin / Bitcoin Discussion / Re: Why Isn't Bitcoin Going Lower? on: October 02, 2022, 04:22:53 PM
I believe the important metric is the percentage from the ATH value that a currency loses. Celsius lost 83% of its value. Luna lost 87%, and there was a whole story about Luna scam/extreme mismanagement. Bitcoin lost 72% of its value. It's, IMO, very high, considering that it's the #1 currency, that no exit scam or anything else was performed on it and how strongly supported Bitcoin is by a big community. Unfortunately, Bitcoin can go even lower, and we must be ready for it, but for now, it's already at a very low price point compared to the ATH point, and the fact that it's quite stable around $19-$20k simply means that there's strong enough support of this price.
2225  Economy / Games and rounds / Re: Sportsbet.io ⚽ Southampton + Arsenal + SPFC ⚽ Prediction Contest (Thurs + Sat) on: October 02, 2022, 04:08:42 PM
Game 1:  32'  3-0  Arsenal
Game 2:  32'  1-0  São Paulo FC
Game 3:  32'  3-1  Man City
2226  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be Palestine's currency of freedom?? on: October 02, 2022, 03:53:23 PM
I checked that Internet penetration is quite high in Palestine, which IMO is very important to ensure the climate in which Bitcoin can be adopted, since people are highly unlikely to use it if they don't use the Internet. I also googled whether Palestine has its own fiat currency, and it seems that it doesn't: instead, currencies of neighboring countries are used. Having something that would unite them financially thus makes sense, and Bitcoin could potentially be that thing. Moreover, I agree with the responses to criticism of the possibility of Bitcoin being Palestine's currency of freedom from the article (aside from the claim about volatility going both ways because, while true, it's important to admit that volatility on the level Bitcoin has it is a big obstacle for adopting Bitcoin specifically as money). But all this doesn't matter that Palestine will adopt Bitcoin, and perhaps with the level of instability they have policitically and economically, the last thing they'd want is an unstable currency.
2227  Bitcoin / Bitcoin Discussion / Re: Now is the perfect time to invest in Bitcoin on: October 02, 2022, 11:08:08 AM
Nobody can guarantee that Bitcoin won't eventually experience another major drop in the price. So, if someone invests now, it's possible that it is not the bottom, and investors will see temporary losses at some point. To help ensure that people are satisfied, it's important to understand that now is indeed a good time for investment, provided that a person believes in Bitcoin's eventual full recovery (which alone would bring more than 3x profits), likely further growth, and is also prepared and capable of hodling for what can be from several months to a few years.
2228  Economy / Economics / Re: The economic effect of people flying from RF mandatory conscription on: October 01, 2022, 02:16:40 PM
Op says we should take 300,000 with a pinch of salt, but I'd actually say we should take the conscription very seriously and assume that the data suggested by some that the goal is to mobilize around a million people might be very real. Many Russians are fleeing the country to avoid conscription, and some will avoid it by other means like not having an official job and living not at an official place of residence, bribes etc. But the majority will calmly agree to get mobilized, so whatever the goal is in terms of the number of people to throw into the war, it's likely to be reached.
There are also barely any protests (excluding Dagestan, which shouldn't be equated to Russia because it's a separate nation which basically lost a war and was forced to be a part of Russia), considering the population of the country.
Russian economy, unfortunately, is stronger than many assumed. Partly it's thanks to good management (surprisingly, but true, given how they stabilized ruble despite the odds), partly thanks to "neutral" China and India, as well as some European countries paying still tons of money (billions monthly) for Russian energy sources. So, while many people will be hit, businesses will struggle and things will get worse, I don't think Russia is on a verge of economic collapse, and the exodus of males won't crumble it.
I do believe that long-term the issues can become very serious for Russia. But not in the upcoming months, not economically. Also, the world would truly have to commit to stop giving Russia billions of dollars for meaningful change to happen.
2229  Economy / Economics / Re: Rebuttal: Rich Mindset vs Poor Mindset on: October 01, 2022, 01:44:31 PM
I completely agree with the op. I hate this whole 'rich mindset, poor mindset' thing because it's extremely ignorant of the privileges that some people are just born into and very unfortunate circumstances that others have to deal with. To add a bit of nuanced view to the overall good points the op raised:
- of course, if you're born poor, it doesn't mean that you have a great active mindset, are eager to learn and the only thing stopping you is your unfortunate circumstances;
- if you're rich, it doesn't mean everything will be handed to you and the only thing stopping you is your mindset.
Nobody says that everyone is the same within a broad category of people or that everything is easy for someone. It's just that it's very important to take a moment to recognize that tons of things depend on the country, family, wealth you're being born into. It starts extremely early on and continues throughout your life (the preconditions plus sometimes some random fortunate or unfortunate events). And yes, there are inspiring stories of people that get out of terrible circumstances, beat the odds and become wealthy. But it's absolutely unfair to point at such cases and say that everyone has got a shot and that privileges aren't real. Life is very different for many people, and it's important to understand that equal amount of effort can lead to extremely different results because of the circumstances.
A very simple example from my life: I've seen kids in a village who are average and overall don't mind learning new things at school, but they are forced by their parents to look after their younger siblings as well as do things like grow vegetables and sell some stuff on the markets on the weekends when they are teenagers. It's really hard to follow through with learning when you are forced to do many other things which are time-consuming. Similarly, I taught at a fancy private school where kids were taught very well and where teachers always helped the kids to understand things, tried making it interesting to them, and where you could easily request a private lesson for a teacher to help you with your homework. So the same average kids (who are not very eager to learn but are generally okay with leaning new things and doing homework) of course didn't have to take care of their siblings (because there are expensive nannies for that) nor sell produce or grow veggies (because they live in a big city and their parents are very wealthy), and they also have very nice teachers sharing knowledge with them. Equal intellectual capabilities, eagerness to learn and effort would lead to one kid barely knowing anything and another learning quite a lot and then, most likely, go to a good uni because of both knowledge and ability of parents to pay for their education.
2230  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: October 01, 2022, 12:52:56 PM
I don't know about other businesses, but I know OLX well. It's very much operational in Ukraine, and it's, like, probably the most popular marketplace we have. Maybe it failed in Nigeria, but it wasn't a Nigerian business. I googled, and Wikipedia says it's actually still operational in 30 countries. Since it's one of the most known websites that tons of people use in my country, I also wouldn't call it a small business or a startup.
As for reasons of businesses failing, I think reasons that are unrelated to the entrepreneurs should be added. A country can have a sudden political and/or economic destabilization, a global event  (like the pandemic) can heavily affect some businesses, and some countries have terrible legislation and business climate that just makes it very hard to create and operate a business there.
2231  Bitcoin / Bitcoin Discussion / Re: Spain’s Largest Telecom Company Telefónica Now Accepts Bitcoin, Crypto Payments on: October 01, 2022, 12:22:43 PM
I'm happy that another major company adopted Bitcoin. It also seems plausible that some other companies in Spain might want to follow if there's enough hype over the adoption by Telefónica. However, I wouldn't get too excited about it. Unfortunately, it doesn't seem like it's a domino sort of situation when one does a big step forward in terms of adoption, and then it triggers a series of movement. El Salvador made Bitcoin a legal tender, and since then Central African Republic was probably the only country to follow (and given the extremely poor level of Internet penetration in CAR, it's more likely a symbolic move than any real adoption). Many companies adopted or invested in Bitcoin at some point, but it's been many years without it triggering a major global adoption wave. So far, adoption is occurring quite slow, and these are all baby steps if we consider the population of our planet.
2232  Economy / Scam Accusations / Re: Beware of new SCAM on google play! SoBit: Bitcoin wallet on: October 01, 2022, 12:08:03 PM
just lost btc through a scam wallet on google play market. if you type in 'bitcoin wallet'. you'll see SoBit: Bitcoin Wallet. it has 5 star rating & it would be first or second on the list. beware. once you send funds to it, it sends out btc somewhere else after confirmation. i couldnt believe it at first but then after going through 1 star reviews i realised i wasnt the only one. makes me wonder how can google allow this scam to be on top?


I am really sorry for your loss. It's very important to do some basic research before choosing a Bitcoin wallet and to choose a non-custodial wallet (the one where you can't be scammed because you're the only one who has access to the money because you are the holder of the private keys). I can see that this wallet indeed has good overall rating, but with enough effort and funding, it's possible to hire a bot farm to load the app and make reviews. It's also weird that if one googles whether SoBit is a scam, the top results won't tell you that it is. I guess a lot of funds were invested into bumping the relevant articles to the top, making tons of fake reviews etc... But if one googles the best Bitcoin wallets, SoBit is, of course, not there.
2233  Economy / Economics / Re: SO MANY BLACK SWANS FOR ONE YEAR on: September 30, 2022, 05:46:52 PM
I've just been thinking today about such things. When my life started, it seemed like the most important historic events have already happened, both major bad and major good things. But then some things happened occasionally, and I was like 'okay, surely that's it, and it'll all be boring and normal now'. Then the pandemic hit, and I certainly DID NOT see that coming in my lifetime. All those tests, lockdowns, masks, almost all of my Master's education being online... I thought that surely this is the big thing we'd tell the next generation as something very major and bizarre. And then my country gets fully invaded my an aggressive neighbour, and since then it feels like many things are still possible, and we might be entering the dark times. I've always thought that human progress was a real thing (not the obvious technological progress, but, like, moral progress). Now it feels like that was a misinformed position and a temporary de-escalation, while who knows, maybe the Third World War is just around the corner, and maybe it will even be a nuclear one.
2234  Economy / Economics / Re: Against the British pound, Bitcoin trade volume shoots up!! on: September 30, 2022, 05:31:32 PM
This is a huge volume spike, and it most likely speaks to the concerns that people in the UK are having. I've been living here for nearly a year, and, to be honest, I haven't noticed the spike in prices (and, thankfully, I pay a fixed amount for rent, including the bills, so I don't feel the change in the cost of utilities), but I can see that people are very concerned. I believe it comes more from the fact that it's a very developed country with a strong economy, so people here just aren't that used to financial drawbacks rather than that what's going on is truly a huge deal objectively (I mean the pound, not the trading volume with Bitcoin). But since the worry is real, people can be more inclined to look at things like Bitcoin to see if they can invest in it or try trading.
2235  Economy / Economics / Re: A great resignation is incoming to the IT powerhouse of the world on: September 30, 2022, 05:16:03 PM
I think it's very good that people are decisive and ready to risk it for some improvement in the quality of their lives. However, looking at these two numbers on resignation and lower salary for a better work-life balance, it seems to me that there's a simple solution to the problem, no? Offer the employees to work fewer hours and get a bit less money (if it's absolutely impossible to keep the original salary in a way that 4-work-day week experiments in developed countries do). Then people are much less likely to resign, some money will be saved from paying them less (which perhaps can be used to hire more employees part-time if it's needed), and people will become more satisfied.
2236  Bitcoin / Bitcoin Discussion / Re: More reasons why it will always be Bitcoin for me on: September 30, 2022, 04:48:32 PM
The bad thing about my school education was that we didn't learn almost anything on our Economics lessons. The good thing was that nobody told is savings accounts were good, and given the general lack of trust in our banking system when I was growing up, people didn't think of them as reliable for savings (I think many still don't). While Bitcoin can decrease in value by a lot, and if at that moment a person would need the money back, there's no way of getting as much as it used to be worth if it's a bear market. However, at least it's actually your money, it's actually in your wallet, and you're deciding what to do with it, whereas a bank can go bankrupt, freeze funds, adhere to some financial restrictions if they are set by the state etc.
2237  Bitcoin / Bitcoin Discussion / Re: My Favorite Misconceptions About Bitcoin on: September 30, 2022, 04:34:58 PM
I'm happy the op is so casual about these misconceptions and finds them silly, can even name favourites. I've heard of Bitcoin being a financial pyramid (so, #2) from a relative, but it's not the kind of relative who can be convinced by any arguments, really, so I was irritated that he maintained this position.
In general, I like the misconceptions people have about fiat and banks more. Like how many assume fiat is backed up by something that gives it value, or how most think that the money they have in their bank accounts is actually theirs and is actually there.
2238  Other / Politics & Society / Re: Education seems to have failed in some developing country on: September 29, 2022, 01:26:12 PM
stompix pointed out that the difference in employability isn't as high as the initial chart makes it seem and doesn't account for several factors, but even if talking generally about education and employability, I think it's important to consider which jobs people take and which countries are explored. I remember that in the US, there's strong data suggesting the dependence of employability and salary on the college a person graduated from. In my country, higher education (without strict specifications) is simply a requirement for many jobs. Not because of the particular knowledge you obtained but because obtaining higher education you, presumably, acquired skills to self-organize, learn a lot of things, pull through stressful situations, act when you are not 100% what the right way of doing things is etc. And while even the best higher education of my country doesn't guarantee you'll find a job you'll enjoy, it does give you an upper hand over those who don't have higher education and increases your chances of getting employed for doing an intellectual job.
2239  Economy / Economics / Re: GPU price in China drop to their lowest level in histor after the ethereum merge on: September 29, 2022, 01:11:58 PM
I've never mined Ethereum and I wasn't happy with how miners and scalpers (+ the chip shortage) resulted in crazy GPU prices. I am happy that the supply is now better and the demand is much lower. It's good to hear that the prices are lower than ever in China. Hopefully, something like that will come to Western countries as well, as I'm waiting to buy a decent GPU. I think the other factor to consider for the fall of the prices should be that NVIDIA has already announced their new series and AMD is expected to follow in November. So many people are now waiting for the new GPU, thus making the demand for existing ones lower.
2240  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin CBDC on: September 29, 2022, 11:28:26 AM
I had several questions but can only remember one at the moment. When the government issues CBDC’s, how would you purchase BTC privately being that the CBDC’s will let them survail every transaction if they wish. Seems like a silly question being they can do the same through your bank but……
If CBDCs become popular, it doesn't mean that fiat will be immediately abandoned or that using CBDCs would become mandatory. So, basically, people would still be able to buy BTC in the ways they do it now, when CBDCs exist only in a few countries and are optional. CBDC can be traceable if it's the way it is designed, but it will still trace the transactions that were actually made with it. If a person doesn't use CBDC, this person's privacy won't be violated more than it currently is. Unless, of course, you're implying that decentralized cryptos would become outlawed or buying them would only be allowed if a person uses a CBDC for that. But there are, IMO, unlikely scenarios.
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