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2261  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: April 03, 2021, 05:28:28 AM
It is not going as good as we hoped but we are nowhere near the levels we used to be, so we are doing better but not as good as we hoped we would, I guess for a few more months we will have some more but in the end we are going to lift it before summer, probably like May so that people could actually move around.
The problem is most governments do not listen to health experts like in my country, they don't seem to care about this pandemic because it doesn't really further their agenda and they are more on taking down their political opponents. Also, the people need to be disciplined because if they weren't then there is no point that there are health safety measures when no one follows it.
2262  Economy / Economics / Re: Differences between an investor and common man! on: April 03, 2021, 04:34:19 AM
An investor has a lot to do, a lot to read and be very well prepared in terms of knowledge and money before their investment. There is a lot of pressure on them because they have used their money to bet in a position. They may lose their money. I think investors will have a simple lifestyle because they have focused their money on investing.
You don't necessarily have to lose your money when you are investing, since you are knowledgeable when it comes to investing then you should know that there are investment venues that are safe and not to actively manage. The difference between a common man and an investor is the knowledge and opportunity in my opinion because anyone can be an investor, and I think that this two is essential for a common man to become an investor.
2263  Economy / Economics / Re: The New Zealand Pension Fund announced a $ 17.5 million bitcoin (BTC) investment on: April 03, 2021, 03:41:23 AM
Wow! Good initiative of the Government of New Zealand by KiwiSaver fund by offering its pensioners savings in bitcoin. It is the first step, we just need to see how the service develops, it is very promising in my opinion.
Surely the pensioners of this country will be able to live their old age to the full. The famous golden years of tranquility and enjoyment and also available for any eventuality.
Now we can only hope for the best because this is a first and we have yet to see a 20 years for bitcoin and to see if it is a viable source for pension funds. I am both pessimist and optimist about this though, pessimist because there might be some parts or benefits of a conventional pension fund that is not included in this one, optimist because this will be another milestone for bitcoin and cryptocurrency adoption.
2264  Economy / Economics / Re: The President creates a "Ministery of Extraterrestrial Affairs" on: April 03, 2021, 03:04:48 AM
Weirdest thing I have ever seen. I thought the diversionary tactic of the Philippine Government can't be topped off, when they decided to build an artificial beach in one of their biggest and most beautiful bays using dolomite sand to "cure the people's depression" instead of imposing flight barring and lockdown because "our chinese friends will get hurt".
Not really weird for me because United Nations has this kind of agency in case there really is alien lifeform out there. The problem with the Philippine government right now is that we want to please the people that watches us and they let the people that do not have the backing and power in their domain suffer, only way to solve is when everyone agrees that their incompetence and corrupt ways is enough and people choose the right people to be serving them.
2265  Economy / Economics / Re: Could Bitcoin Smash Socialism in Venezuela? on: April 03, 2021, 02:23:33 AM
You are contradicting yourself. If Chavez distributed oil money best as possible, long term investments would have been done, but in fact they weren't, as you said.
If he can't be faulted for that, who should be then?
Not entirely his fault because it isn't within his control that the prices of oil dramatically reduced, yes it is his fault that the way he distributed the money towards the country is real bad but there are some that are not within his control, not to mention that his successor Maduro is incompetent. I don't think that bitcoin alone is enough to do a dent in the problem in Venezuela because if the government is so bad then the problem persists.
2266  Economy / Economics / Re: Why should i invest in bitcoin or other cryptos ? on: April 02, 2021, 09:01:59 AM
If you have to ask that question you aren't ready to put money into crypto.  Its not for everyone but there are plenty of "investments" that don't provide a tangible product back.  If you invest in Amazon stock you are looking for that stock to appreciate over time.  Same with bitcoin if you are using it for an investment.  But again by the nature of your question crypto isn't for you...yet.
The reason that OP is not ready to put money into crypto is because OP is a greedy person in my opinion, we all know that there is no dividends with bitcoin but we know that our investments will grow overtime, I think what OP wants is when he/she invests in crypto is that it has to behave like a blue chip stocks.
2267  Economy / Economics / Re: How the rich get richer and why it works on: April 02, 2021, 08:23:49 AM
Deep analysis but it doesn't work similar in every part of the world, in some countries people follow the words of rich people for no reason so they become the supporter of the party who is in the favour of rich people. Even though rich people are supposed to pay more taxes they get tax exception for everything when the ruling party is supporting them but again the party takes the money from rich people which can be covered for tax purposes.
That is how sheep function, they will follow who is going to feed them. The reason that they get rich is because they keep those that will try to revolt at bay by giving them enough money to feed them and not to become discontent of their situation, not to mention that the enforcers of law are on their side it adds an ease that they can keep their wealth. The tax exemption thing could be destroyed if the people in the seat favor the public more than the rich people.
2268  Economy / Economics / Re: Nigeria’s vice president, Yemi Osinbajo speech at economic summit on Friday on: April 02, 2021, 07:43:10 AM
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Well, I don't know how vast you're in the type of politics going on in Nigeria. The salient statement is "Don't ever outshine your master" I think that's even vividly captured in the book — 48 Laws of Power. It's an unwritten rule in Nigeria for the deputies never to go against their principals and this goes for the governors and chairmen too.
That statement is a brainwashing thing in my opinion, what I mean by that is that shouldn't the master always expect that his student grow stronger than him and that also means that the master was successful in raising a protégé that is better than him, the reason I think that they follow this unwritten rule is because the old dogs don't want to get left behind.
2269  Economy / Economics / Re: Nigeria’s vice president, Yemi Osinbajo speech at economic summit on Friday on: April 02, 2021, 07:03:06 AM
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Honestly, Osinbajo is lucky to have got away with that type of accusation as it's the stock in trade of the government in power (as if the lame opposition, the PDP, was any different while in power)
What do you mean lucky, is the Nigerian government unstable to the point that the Vice President has to worry about his position just because he is saying something that opposes the ruling opinion?
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The politicians will tell you that there's no permanent enemy but permanent interest. It truly beggars explanation how the brain of the average Nigerian politician is wired because they don't tend to think straight like the rest of the populace.
That is in a way the same so I think that if your friend doesn't have their interest align with yours then you better expect an enemy. I don't think that this kind of wiring in a politician's brain is an isolated case in Nigeria.
2270  Economy / Economics / Re: Nigeria’s vice president, Yemi Osinbajo speech at economic summit on Friday on: April 02, 2021, 06:23:07 AM
I'm glad there is finally someone in government, as high as the vice president, who understands the numerous benefits of bitcoin and other cryptocurrencies. He is not bullied into accepting the CBN's stance on banning cryptocurrencies in the country
However, this begs a question. If the Vice-president supports cryptocurrencies and it was banned by the Central Bank, does this mean that the only power above the vice president, that is the president, is against cryptocurrencies and supports the ban
The problem with this is that the Vice Presidents speech might be interpreted as a political maneuver to help make the public favor him more since he appears to be more progressive, it might not look like he is being bullied into favoring CBN but trust me that in politics, everyone pressures others to do their bidding and not everyone can see that. To answer the question from the quote above, I would say that this is up to them because in politics, your friend today might be your enemy tomorrow.
2271  Economy / Economics / Re: Russian vs foreign companies on: April 02, 2021, 05:39:54 AM
I don't think it's a bad idea after all, but it all goes to bad light considering that data tracking in this day and age is so rampant that most companies and governments are getting away with it, plus the multiple data leaks that huge companies are allowing to happen.
It is a bad idea, I mean who knows what is in that pre-installed application and considering it is Russia, I think that there is a high chance that it is a data tracking kind and nobody really wants that kind of thing and you mentioned that there is a lot of data leaks. The other problem that I see is that with this Russian's pre installed app, it might not be just a tracking software but it can also connect with your network so it can monitor your whole network which is dangerous and scary.
2272  Economy / Economics / Re: Bitcoin after the pandemic on: April 02, 2021, 05:04:40 AM
Pandemic has a very little effect on the price of BTC. When great influential and the richest man in the world are in the game, you should not expect anything less. Besides, Paypal is introducing the acceptance of BTC as a medium of payment to all merchants which are in millions, Visa just announced the same using Ethereum blockchain and USDC. All these contributed a lot and hence bring about the mass adoption we are seeing recently.
I beg to differ because most pumps in the prices were caused by people putting their stimulus checks into bitcoin and those checks were not possible if there wasn't a pandemic. Yes there are institutional adoptions coupled with that but that doesn't discount the fact that the pandemic contributed less on the growth. Maybe after pandemic, people are going to introduce bitcoin to other people when they can finally get out and institutional investors are still going in.
2273  Economy / Economics / Re: Flexible Work Schedule on: April 02, 2021, 04:20:33 AM
With the shift to Digital Space, it is inevitable that the pandemic caused flexibility in accessibility and of course, work schedules. Meetings in the past that you've had to attend in person were soon found out to be doable through Zoom or Google Meet. Workloads can now be emailed, and most of all, a lot of people who work 9-5 found out they don't need to walk, or run, or drive in order to get to their desks. As long as they have a working internet, and a powerful PC, they are good to go.
But that flexibility comes with more responsibility added to the employee, they are burned out at their own home and if they not lucky they have to make do with trying to comply with the right time to work. And not to mention that the employees has to shoulder the expenses for the things that the work should be responsible of like the Internet and the food allowances.
2274  Economy / Economics / Re: I'm afraid of the crypto craze in Korea. on: April 02, 2021, 03:35:03 AM
Not just in Korea, but pretty much everywhere else as well.

The NFT craze is simply unsustainable. Altcoin valuations are through the roof. And even the most fundamental (and sane) asset in the cryptosphere, BTC, is arguably entering frothy territory.

There will be a time when this speculative bubble comes crashing down, although it is not entirely certain when that will be. It could well be years given the current sentiment.
If you know what to do more than just whine about how it is going crazy, then you might be able to profit from the frenzy that is happening, yes people are saying that NFT is a bubble but we don't know when it is going to pop and with that knowledge we can be able to make money while it is still growing and not yet popping up.
2275  Economy / Economics / Re: bitcoin wasn’t created to make you rich. It was created to make you free on: April 02, 2021, 02:53:29 AM
Bitcoin community is more towards its profits instead of decentralization but we also have huge growth in the community, 5 years back no one knows about bitcoin but in 2021 almost 90% of the people heard about bitcoin even though they didn't know what it is. SO we are moving forward. Satoshi's vision is to bring decentralization while making payment and I hope it will become true some day.
It is difficult to fight for something that will have no short term benefits like profits so they don't really care much about the decentralization agenda of bitcoin, but you are right, there has been a growth in that aspect despite people not really focusing on it because I believe that the push for decentralization moves forward together with the increase of people that is adopting bitcoin.
2276  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin halal? on: April 01, 2021, 09:17:49 AM
Bitcoin is similar to currency, halal or haram depending on how you get it...
if you get Bitcoin by illegal means such as cheating or duplicating from other people then it is haram but if you get Bitcoin from selling something or mining then it is halal.
Now bitcoin is similar to fiat currency, funny how a lot of users in the forum always separate the two but when the interests align, they will say it is the same, kind of hypocritical in my opinion. But the quote above is right bitcoin is just a medium and if you get it without malice or anything that is against the Islamic law then it should be considered halal, the problem is we don't know a lot about Islamic laws so the best thing that we can do about it is to wait for the final verdict.
2277  Bitcoin / Bitcoin Discussion / Re: BTC was a lifetime chance and I don't think we will see a similar opportunity on: April 01, 2021, 08:40:02 AM
You are already lucky that you have discovered bitcoin year 2013, unlike to so many newcomers of the crypto world wherein they only discovered bitcoin just a months ago or a year ago just like me, I not into technology so I don't even have the chance to discover cryptocurrency, I am just thankful to my friend who introduced me to this community. This is a good opportunity for everyone who discovers bitcoin, there is no late here because cryptocurrency will never get end.
That's what I thought too, I mean 2013 is a good year because the prices weren't as big as 2016, no sense wallowing about the things that you didn't do in the past. The important thing is that you are still here and you are reaping the benefits of bitcoin, just be grateful because there aren't a lot of people that knows about bitcoin and yet here you are getting financially stable. I really am grateful to my friends for introducing this to me because if it weren't the case, I wouldn't be able to buy the things that I really want to buy.
2278  Bitcoin / Bitcoin Discussion / Re: I tried to tell him just HODL bitcoin, don't make this hard. on: April 01, 2021, 07:48:59 AM
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I agree. Giving advice to a person who doesn't seem to want to hear it is asking for trouble. On top of that about money matters, where the reaction can be visceral. If his friend was on the ball, would know that the most profitable strategy is just holding.
Not to mention that it will be convenient for you and you won't be stressed out because of their investment moves. And they will also have no one to blame when they failed to gain profit from their investment because you didn't give them the advice, imagine if you gave the advice and their investment has fallen, you are going to be blamed for it no matter what.
2279  Bitcoin / Bitcoin Discussion / Re: Tesla now accepts Bitcoin on: April 01, 2021, 07:00:37 AM
Tesla already has close to 100% unrealized profit from their first investment in Bitcoin (which was done in January 2021, for a total amount of $1.5 billion). So obviously if the Bitcoin prices go up, then it is going to benefit Tesla. Another important point to note here is that Tesla has announced that they are not going to convert their Bitcoin revenue to fiat currency. So eventually, their Bitcoin stash is going to go up further.
I think that this move by Tesla not converting bitcoin to fiat is going to benefit them and considering that they are going to stash this bitcoin, I am positive that the prices are going to soar higher in the next coming months and years and to anyone who still doesn't want to get into bitcoin, I think that this is one of the many signs that you should get in because with the current situation, the only way for bitcoin is to go up.
2280  Bitcoin / Bitcoin Discussion / Re: Could we crowdfund a movie about Satoshi Nakamoto? on: April 01, 2021, 06:24:29 AM
Crowdfunding has its limit and given your cast, director, writer and music score, I don't think that 12 million is going to be enough, not to mention that how can you make a movie about satoshi when no one knows a thing about satoshi, what do you want them to do? Make a fake back story which is likely to happen since Hollywood can do this kind of thing for dramatization purposes but that would mean that they wouldn't be faithful to the original but what can they do when they are in a paradox. I would say that we can crowdfund but the problem is will people are going to jump in the crowdfund mania?
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