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2601  Other / Politics & Society / Re: Donald Trump and Wife Tested Positive For Covid19 a STAGE SHOW? on: October 02, 2020, 03:48:43 PM
Many politicians went through Covid without any serious health problems. UK prime minister had it months ago.
There's 2 things we shouldn't forget:
1. Many tests are inconclusive and may also show a person who had covid a week prior to being tested as positive.
2. Trump is a public person. Meets many people, shakes many hands. It's easy to get infected, but it's not a death sentence.
2602  Economy / Economics / Re: Are the Central Banks starting to worry about the public's perception? on: October 02, 2020, 03:38:34 PM
If you ask average people on the street, what do they know about central banks, they'll only have very vague understanding of what they are doing. If the crisis will worsen, people won't be blaming central banks, they'll blame the ruling people, especially the leader, because it's the person responsible for everything. So, I don't think that central banks are panicking right now, they probably just want to explain what they are doing, because there will be more intervention now, and more people might be curious what's going on.


But ask random people if they trust the government, and the monetary system, and I believe the smarter portion of those asked would answer "NO".

Plus there are more and more people learning more about "the banksters" because of the internet. Like us for instance. Cool

Ok, the majority doesn't trust the banks, but what does the majority use every single day? Fiat money, bank accounts, credit cards. The majority takes loans, keeps money on savings accounts, pay social secutity. They don't trust politicians but they vote for them. Trust or lack of it doesn't change much these days.
2603  Economy / Economics / Re: Trump's Economy or Biden’s Economy - which version is better. on: October 02, 2020, 03:18:20 PM
Trump was really overestimated when he was taking over. People thought he'd be great for cryptocurrencies as a free market investor, shareholder and so on but he never attempted to popularize or support crypto. He's the man who likes his green.

When we look from a crypto holder's viewpoint both of them are going to be bad choices but Biden probably a worse one.

Trump is a conservative with libertarian leaning. He is for lower taxes, irrespective of the income range. On the other hand, Biden is a liberal with socialist leaning. Kamala is even more liberal-socialist when compared to Biden. And as far as cryptocurrency is concerned, I have a feeling that Trump/Pence is going to be far better than Biden/Kamala. Socialism can never be good for cryptocurrency. 

I have to agree here. As bad as trump may look with his idiotic ideas like that one with the president of Mexico financing the wall, but socialist ideas are much worse.
Most of the EU is already liberal socialist because it's fashionable. Socialist ideals are the best when you want to buy your voters in a democratic system because the majority usually doesn't earn a lot and people are greedy in nature. You offer them some money for free they'll sell their souls.
2604  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: October 02, 2020, 02:53:03 PM
Most people are dumb and most criminals are also dumb so the use of crypto will always be limited.
Just think about it for a moment. White collar crimes are maybe 1% of all crimes. The majority of criminals prefer to mug you in an alley tahn carefully plan a ponzi scheme or a bank fraud. Those muggers who have eyes on your wallet, phone and watch will not play around with cryptocurrencies. They don't need to.
2605  Economy / Economics / Re: Stocks fall down due to trump catching the virus on: October 02, 2020, 02:40:02 PM
“Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him.

Melania seems to be doing everything she can to stay away from Trump and he managed to give her the virus Wink
It's not like running away can help him in this case.

2606  Economy / Economics / Re: economic loan new money and covid 19 i want fast on: October 02, 2020, 02:25:11 PM
I've avoided taking loans my whole life. I don't want to have to submit reports and kneel before the allmighty bank because of a debt that I cannot repay because they suddenly changed the rules or something happened in my life so that I'm no longer able to pay as much as they want every month. Life is so much easier when you don't have to worry about these things.
I don't agree that the restrictions will be lifterd if we just take loans. Most of these restrictions are not doing anything to stop the virus anyway.
2607  Bitcoin / Bitcoin Discussion / Re: Where do you store your seed? on: October 02, 2020, 01:47:24 PM
I store mine in a fireproof safe that's bolted to the floor. Basically there's no way it can be damaged or stolen, unless someone has the time to get an angle grinder and just cut the thing in half. Me and my both neighbors from each side have cameras facing the road, so there's no way someone could just walk in and steal everything.
In most neighbourhoods a camera and a dog is enough to keep burglars away, unless you have a very flashy house with expensive cars on the driveway.
2608  Economy / Economics / Re: as im economy person with my info the investors could make good profit on: September 27, 2020, 03:15:33 PM
im acenomy person with my prediction investors always knows where is money and where the money isnt.
[...]
why do i know all of this?  becouse i know the economy game called monopoly,  everything in this world is a business and economy nithign else matters on the bigger scale its all just money economy and business.

You're giving "acenomy" advice based on Monopoly? Can you tell me how to get the "get out of jail" card, thanks.


first dont go to jail get a lawyer lol

Since you know so much OP, I have a question for you.
When I palyed monopoly as a kid, I used to steal money every time I got to be the banker. Would you say skills acquired by playing this game would help me make a career in banking, economy or politics?
2609  Economy / Economics / Re: How freelancing websites killed design and developement bussinesses ... on: September 27, 2020, 03:07:08 PM
Then paypal or cryto exchange charges another 10% fee + withdraw fee etc

Exchanges that take 10% in fees? That's something new. Usually it's close to 2%.

Quote
And after you are left with 68 usd ,now you got to pay the tax man he takes another 10%-30% (depending on your country) out that 68 usd

You're talking like that's a fault of the site, or cryptocurrency. If you don't want to pay taxes, don't convert it to fiat and you'll have one less problem on your head.

Quote
Now you will be left with around 50 usd

So for 1 -2 day of work you get payed 50 usd

50 usd / 16 hours = 3.125 usd / hour

For european or north american standards  ...3.125 / hour is lower then even a cleaning toilets job salary ...
But at least you keep your hands clean and don't even have to leave home. Would you rather clean toilets for $5 per hour? $4-6 is a minimum wage in many EU countries.
2610  Economy / Economics / Re: Big in Japan: giant Gundam robot makes its first moves in Yokohama on: September 27, 2020, 02:53:36 PM
I like that they're pushing the boundaries but don't see a point in making robot walkers like that. Machines built like that don't have the best center of gravity and can easily fall. If they want to make walkers it's best to keep them look more like spiders or crabs. I know that giant knight looking robots have this vibe of power to them but a future when they're widely use in military, expoloration will never come.
2611  Bitcoin / Bitcoin Discussion / Re: Bitcoin Yearly Lows on: September 27, 2020, 02:28:39 PM
I never look at years as periods in Bitcoin's history because the charts don't seem to respect months or seasons. The same month can bring a pump on one year and a dump on the other, nothing is certain and even that one year 2015 proves that there can be an exception to the rule. It looks great when put this way with every low being higher, but we can have a turnaround at any point, don't you forget about it.
That said, I don't believe we'll fall to lower lows this year.
2612  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Christmas on: September 27, 2020, 01:58:02 PM
I would never gift Bitcoin or anything Bitcoin-related to anyone who isn't good with technology in general - there's just so much that can go wrong. And even if they are good with tech, they still can have a bad time with it - high transactions fees, exchanges that demand KYC, lots of phishing and so on - you'd really need to guide them step-by-step all the time, which means that this gift turns into a chore. Gifts are supposed to bring happiness, not create difficulties.

I would. When you give someone a gift, you don't think of all the things that could go wrong with it. At least most people don't.
For instance, when you give someone a phone you don't think they could drop and break it or get brain cancer from calling people all day long. When you give a kid a console, you don't think what will happen if he gets addicted to gaming. All things are meant to be used, not abused!
I wouldn't give a gun to a child, or a snowboard to an 80 year old granny, but most people are capable to learn the basics of bitcoin.
2613  Bitcoin / Bitcoin Discussion / Re: A woman has been arrested in the United States for hiring a killer with bitcoin on: September 27, 2020, 01:44:11 PM
According to coindesk  Thirty-six-year-old Kristy Lynn Felkins has been summoned to court on charges of paying 12 bitcoins ($ 5,000 at the time) for trying to hire a killer to kill his ex-wife. The case is said to be related to another case involving the recruitment of a killer. It is worth noting that this killer was not hired in the end.
A correction ex wife Kristy Lynn Felkins hired to kill her ex husband.

OP can't even quote an article without messing it up  Grin

It is difficult to believe these "stories". Can anyone be so dumb to actually hire a murderer for just $5,000? I still remember the case of Ross William Ulbricht. The FBI wanted to make sure that he remains behind bars for the rest of his life and it is being alleged that they created some fake web chats showing that he hired contract killers to take down his competitors. It is very easy to create fake web chats.

With Ross they had a lot on him and that murder for hire was just one of the many. They usually try to get a video or a voice recording.
In her case they had transcripts of messages sent between her and a guy pretending to be a killer for hire.

What would she say? I hired a killer and he didn't do his job? Cheesy
The story is really shady, I don't get to see the source, could have been a made up story. I'll buy into this story once a credible source shows up.

This one is real.

SACRAMENTO, Calif. — Kristy Lynn Felkins, 36, of Fallon, Nevada, was indicted today for a murder-for-hire plot, U.S. Attorney McGregor W. Scott announced.
According to court documents, Felkins sent 12 bitcoin (valued at approximately $5,000 at the time) to a darkweb hitman website to have her ex-husband murdered. (...)The website turned out to be a scam, and Felkins was not refunded the bitcoin she sent to the site, which is no longer in operation.


https://www.justice.gov/usao-edca/pr/nevada-woman-indicted-hiring-hitman-darkweb-kill-her-ex-husband
2614  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: September 26, 2020, 01:50:59 PM
Cash is untraceable, doesn't require technical knowledge to use, doesn't require Internet, power, electronic devices. Can be spent at will immediately.
Imagine that you want to do a very fast, risky transaction, like buy a gun. You meat up at night and exchange within 10 seconds and it's over. With Bitcoin you'd have to know the address to deposit to, be in a cell phone or wifi reception range, wait for a confirmation... Nobody is going to do that and sending a gun via mail is risky. Packages are screened all the time.
2615  Economy / Economics / Re: Internet shutdowns by governments are bad for corporate marketing on: September 26, 2020, 12:54:16 PM
Government don't shutdown the internet on the whole country, they are doing it in the particular region right? So not much of the economic activities are going to get affected and internet has been shutdown normally to stop the communication between local people and outside people so no one other than people there knows exactly what is happening and this is normally implemented in tension between military and locals.

You're asking a strange question because, for instance, I can't recall a case in the EU where the Internet was shut down. It would paralyze the banking system because it wuold stop ATMs and electronic payments and as a result paralyze the country. Even politicians know they'd be affected by not being able to pay for a hotel room or a rented car with their card, unable to buy plane tickets and fly home to their families. There's not going to be any Internet shutdown in any country that isn't run by a crazy regime like North Korea or Venezuela.
2616  Economy / Economics / Re: UK’s economy will lose a good amount of money if football clubs shut. on: September 26, 2020, 12:42:14 PM
UK is facing the second wave of corona virus as far as I know so this is not the right time to allow people into stadiums because it is going to increase the number of cases and can damage the whole economy in no time.Not much revenue made from football clubs when compared to the totsl revenue of such developed country.

They've been talking about this second wave for at least 4 months now and I don't see anything like that happening. Their so called second wave is probably taking into account the fact that they have trouble finding the difference between covid and normal flu and those test that they have aren't worth the money they're paying for them. If people start getting normal flu and reporting they feel bad so it might be covid, many will get quarantined anyway and added to the list of covid cases.
2617  Economy / Economics / Re: Why do people claim cryptocurrencies aren’t an asset? on: September 26, 2020, 11:01:57 AM
Most people don't understand it. I don't even claim that I fully do because I'm not an expert in encryption protocols, hashes and all that math stuff. I don't even know most altcoins. There's so many of them that you have to be working with them every single day to keep track.
What I've noticed over the years is most people who are tech savvy and see the value in electronic money, domains, software, will value bitcoins, but people who are not tech savvy get repelled by technicalities and prefer to say "it's worthless shit" than admit they don't understand it and don't invest in things they know nothing about, which would be fair and honest.
2618  Economy / Economics / Re: IMPACTS OF ROBOTICS ON WORLD ECONOMY on: September 26, 2020, 10:47:50 AM
^
I'll add that just the single use of automated cars (robot drivers) will revolutionize transportation. Think of how many people around the world work as taxi drivers. It may take another 50 or 100 years but sooner or later they'll all be gone along with all truckers and train machinists. What will those people do?
You can see them having problems already with widely available eletric vehicles. Why would you get a cab and have to ask the driver if he'll wait for you at every stop when you can get a cheap EV car for an hour, go shopping, pick up kids from school and leave it parked anywhere you want when you're done?
2619  Bitcoin / Legal / Re: Sydney man sentenced for mining over AU$9,000 in crypocurrency on CSIRO kit on: September 26, 2020, 10:26:57 AM
Oof. Diverting AU$76,000 worth of computing power to mine AU$9,400 worth of cryptocurrency. Such a muppet.

Also, what did he assume would happen once someone noticed the performance degradation? Happily coinciding with him starting to work there, handling the very infrastructure that is all of a sudden causing troubles?

(no one will ever beat the Russian nuclear scientists though, bringing an airgapped nuclear system online...)

Thieves usually don't care about the damage they cause. Think of him like that guy who breaks through a security glass worth $1000 to steal a few bottles of whiskey and some cigarettes worth $100. These guys get tunnel visioned when they see an opportunity. They don't think of the damages and consequences of their actions. As a contractor he would've made more than 9k a year and now with a record he'll be washing dishes in a diner.
2620  Economy / Exchanges / Re: Not your keys, not your Crypto – Kucoin Hacked! $150m Stolen. on: September 26, 2020, 10:11:59 AM
I don't know if the hack happened is the inside job or what, because it is impossible to hack a hot wallet.
I hope you wanted to write "cold wallet" Grin


I woke up really worried that all my funds on KuCoin were gone after seeing this news. Then surprisingly and to my relief none of my coins have been withdrawn, everything remains intact.

I wonder whether this is because I had no funds in the main account and only few hundred dollars in the trading account which were spread over ~3 coins but not much  Huh

Or perhaps the funds were so low that whatever standards the hacker used to select accounts for withdrawal mine came to below that threshold Huh

What do you guys think?

Your account either was not hacked into or your coins were not held in the wallet or on the server that was hacked. Maybe they just got into one of the employee accounts and managed to create false withdrawals there?

The way exchanges and all custodial wallets operate is they have a number of wallets hot and cold (sometimes all hot which is asking for trouble) and all the coins are mixed there. You don't have your individual user wallet but the database holds the numbers and everything goes to one bag, like in a bank vault.
To gain access, a hacker has to either hack your user account, but then he's only able to withdraw your coins, or hack an employee client machine, which allows him to change the numbers in the database and either create a fake balance on his own account or create a number of withdrawals from many different user accounts to his own addresses. It's very rare that the machine with a hot wallet gets hacked directly, but also possible if the security sucks on the exchange.
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