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2621  Economy / Economics / Re: Cares Act- How will this effect the economy down the road? on: October 03, 2020, 12:39:33 PM
First of all, as a libertarian I treat social security as a tax. It's not savings because you cannot opt out, so if they'd allow me to take my money out I'd do it in an instant.
The whole system should be disbanded if you ask me. The usual argument of its supporters is "what if you couldn't manage your money because you weren't smart enough and lost everything?" I'd ask someone smart to do it for me, but at least I'd know that I can withdraw at any point. Retirement plans should be managed directly or by private companies, not by a centralized institution that makes you wait until a certain age.
2622  Economy / Economics / Re: "Humans will not be replaced by robots very soon" --- yeah right !!! on: October 03, 2020, 12:09:12 PM
Skynet is coming !!! Arm yourself's.

With what? sticks and stones?
In the EU it's getting more and more difficult to get firearms. The left is gaining more power and coming up with theories that it's not people who kill but weapons and that if we allow people to have firearms they'll keep killing each other... That said, firearms won't stop self-learning machines. How do you arm yourself against an evolving virus that lurks in the Internet and takes over your tesla autopilot to crash you into a fuel truck?
2623  Economy / Speculation / Re: Bitcoin over $10,000 for the past 66 days on: October 03, 2020, 11:49:37 AM
When we went above 10k in 2017 I believed that a drop to 10k would already be big and there would be no need to fall lower, so of course it's possible to go lower as Bitcoin depends on the world economies, stocks, fiat currencies, politics... One thing is certain, the lows are getting higher. While last year 3k was the low, this year the price seems to hold 5k pretty good. There was a small spike below but it was the result of low liquidity on exchanges. I feel like at this point if anything goes wrong we'll still bounce back from 5 or 6k. Next year you can expect even higher lows.
2624  Bitcoin / Bitcoin Discussion / Re: Has anyone accidentally sent or received BTC to and from another address? on: October 03, 2020, 11:43:53 AM
I have received some BTC dust spam back in 2018 when the network was under attack by BCH supporters. I wouldn't say this was by accident though. They were spamming random addresses this way. I've also seen people receive dust that was supposed to work as advertising. The transaction contained a message with the name of the site it was supposed to promote.
I haven't got a large sum but I'm not sure what I'd do if one day I found a lot of BTC on one of my old addresses. The right thing would be to send it back, but it would be very tempting to keep it.  
2625  Other / Politics & Society / Re: Trump has Coronavirus :( on: October 02, 2020, 03:58:49 PM
he could now pour a whole bottle of disinfectant into his body and see if it has as good an effect on him personally as he claimed at the beginning of the pandemic... Roll Eyes
even if i do not like him - get well quickly! Smiley

Pure spirit is a great disinfectant. I wouldn't mind fighting covid this way. I could check out if high doses of ethanol make you immune to the pandemic. They sure make you care less about this worldwide theatrics. Tongue
2626  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.
2627  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.
2628  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.
2629  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.
2630  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.

2631  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.
2632  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.
2633  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?
2634  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.
2635  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.
2636  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.
2637  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.
2638  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
2639  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.
2640  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.
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