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2701  Economy / Economics / Re: The CIA Is Deep Into Cryptocurrency, Director Reveals on: January 27, 2022, 08:14:40 PM
I would not expect anything less from the CIA, they are after anything that does not look controllable and frankly, is probably being used worldwide to move funds around without raising suspicions. I would say that bitcoin is not precisely the most anonymous stuff out there. Monero kind of does the trick, other such as grin or perhaps some others that I am not aware of Smiley may be even better.

There may be also a possibility of the CIA paying informants as well with crypto.
2702  Economy / Economics / Re: Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity on: January 27, 2022, 07:37:25 PM
Is one of the most accurate models and clearly the one that gives more incentives to the future investors. However good, the accuracy is always limited and there may be factors on institutional investors that may limit the future validity of the model and the need to re-tune a little bit to get a proper long term measure. It is in any case a difficult exercise and, perhaps, if the model becomes too accurate the profits may not be there.
2703  Economy / Economics / Re: Are Institutional investors changing the Bitcoin price behaviour? on: January 27, 2022, 07:29:35 PM
The answer is absolutely yes. Firstly, it has become more stable (that is, for me, bad) but the worse thing is exactly what you hint in your post, the linking between the rest of the assets and the price of bitcoin. To be honest, there is no asset that can be free from the massive influence of the money printing by the central banks, is like using a gun against a tank and, lately, the FED and the CEB have been sending a full armoured division.
2704  Economy / Economics / Re: Efforts made by the US actually provide a new problem for inflation. on: January 27, 2022, 07:27:24 PM
As other posters have said, it is not about avoiding inflation, is about getting it between a 1.5 and 2.2% that seems to be the consensus on what a good inflation is (too little detracts investment, too much makes the country uncompetitive).

As COVID came, the printing machine had to be activates, there is little else you can do during a crisis without basically paralysing the economy. There is naturally a price to pay: you eventually have to pull the plug and start paying the cost with job losses and slow growth.
2705  Economy / Economics / Re: Dealing with tax and crypto ban on: January 27, 2022, 07:23:31 PM
Crypto is on the end an economic activity. Most nations that are adequately informed - more or less anyway - and have given it some though have come to the conclusion that their economies and citizens may profit from such activity and generate growth. There is a clear upside on allowing crypto, including levying taxes on whatever concepts they decide (activity, profit, transfer,... you name it, they tax it).

Now, why would a country ban crypto? Most likely reasons are to exert a tight control on the population (China) or avoid people bypassing the monetary policies (Nigeria, Iran, Turkey,...)

That is the balance that most economies are now weighting. The more open and strong, the less intimidated they are by crypto.
2706  Other / Politics & Society / Russia is bullying Ukraine, but can it really hold? on: January 27, 2022, 07:18:01 PM
Russia has been the prevalent nation during the USSR in their area of influence. After the USSR became a number of republics, Russia has tried to keep hold of the relations and, above all, the strategic stance of the most strategic new territories surrounding them. It has clearly failed to hold Latvia, Lithuania and Estonia, achieved a success, if you can call a totalitarian regime a success in Belarus and now has no intention to allow any flirting of Ukraine with the West.

There is one principle to war in economic terms: Wars are costly and they need to make profit or deliver great strategic benefits. Russia may not be able to pay the price nor extract the economic benefit or a prolonged occupation of large parts of Ukraine and may not be able to pay the cost of installing a government hated by the locals.
2707  Economy / Economics / Re: One nation one currency... on: January 27, 2022, 07:10:35 PM
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?

Rather than one nation one currency, the world is actually becoming blurry on regards to what is a nation, what is a border, what degree of independence does each part of a country have and what are the rules that govern each territory. For example, you can argue that Germany and France are different states, however you can freely move people, goods and capital between them due to the EU treaty. Then you can argue there is no border between Aragon and Catalonia in Spain, however if you live in Catalonia your kids will not learn Spanish at school unless you specifically choose so. You can argue that UK is a estate, however there is a border in North Sea due to the Brexit treaty.... and so on.

What is a nation then?
2708  Other / Politics & Society / Re: Why putin choose winter? on: January 27, 2022, 02:55:24 PM
We all know that there is tension on the Russia-Ukraine border. I am not going to talk about why this is happening, I think most of us already know that.

Maybe this is the right time for Putin to play with Ukraine. Because the price of fuel in the world market is skyrocketing. Gas prices in Europe have risen by 600%. It is now wintering in Europe. Heaters/burners are needed to survive in ice-covered Europe. That is why the demand for gas is the highest.

And 40% of Europe's gas demand comes from Russia. And now if Russia cuts off gas supplies, the economies of European countries will come to a standstill. One power plant after another, the factory will be closed. So the big countries of Europe will think twice before taking a tough stand against Russia.

Putin is a master planner or going to face heavy sanctions from the EU?

If he choose winter because of the winter gas demand, he got it all wrong. The talks are unlikely to end before spring and by then the demand will drop vastly. Nope, that is not likely to be the issue. If Putin intended to invade Ukraine and get to Kiev, believe me he would already be there by now. This is about getting the upper hand on a negotiation that otherwise would put him on the short end of the stick.
2709  Economy / Economics / Re: If you don't buy don't come here to complain on: January 27, 2022, 02:52:03 PM
The comment made me smile Smiley, it is absolutely true, there are many people that come to the forum asking if it is too late, or saying they are sorry they did not get earlier in the train or asking if this is fair and if it should be different. The fact is that it is never too late, but there is nothing anyone can do for you if you do not have the right mindset about the whole crypto thing. This is not gold raining.
2710  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: January 27, 2022, 02:49:06 PM
This week the top and runners-up in the standings will face the mid-table teams. Real Madrid will host Granada, while Sevilla will travel to Osasuna's headquarters. Of course they are aiming for a win in this match, especially for Sevilla they will be targeting a win to continue to stick to the top standings Real Madrid.
I predict both teams will both freeze the win.
Because the two big clubs are facing a club that is considered weak. automatically the game will not be a threat to Real Madrid or Sevilla. They take more advantage of stealing points and that is enough if they get more than 2 points. Given the existence of Sevilla is a big obstacle to the progress of Real Madrid, while on the other hand Sevilla did not say giving up halfway. So that the two teams always steal the attention to continue to be in the standings 1 and 2 which are difficult to catch by other competitors.

Absolutely true. I fail to see any kind of threat to Madrid, perhaps Seville could be a little more concerned about it but not much. I think is time that we all face the reality, the championship itself is pretty much done at this stage, so if you want to place a bet, it would much better to go game by game and see where you find that the odds do not clearly align with your own vision and you can be a "contrarian" on that specific game.
2711  Economy / Gambling discussion / Re: [Boxing]: Amir Khan vs Kell Brook - Feb 19, 2022 on: January 27, 2022, 02:44:36 PM
Khan is got the upper hand, there is little doubt about that. Motivation seems stronger and the character of the guy does a lot for the winning, however even boxing may look like a stone-age punch exchange and that is just not true. This is about keeping your strategy and your plan under extreme circumstances. As it has been said, everyone has a plan until they get a jab on the face. I think Khan is just better at it.
2712  Economy / Gambling / Re: This is why I love this forum...and we should make it more powerful on: January 27, 2022, 02:37:00 PM
Yep, it is a very useful platform to publicly expose those that are trying to scam people, and that includes such conditions that appear out of the blue, or are in the finest possible print and are aimed to make withdrawal expensive, painful and sometime simply impossible. I even wonder why would anyone go to play online with crypto and not bother too look into the number one resource for reputation checking.
2713  Economy / Gambling / Re: Casino behavior that turn you off on: January 27, 2022, 12:52:36 PM
Me, like I would say most persons, want to simply be treated fairly and as per the agreement, implicit or explicit, that I have with others. By implicit, I mean that there are some assumptions that anyone can reasonably make about what is expected from a casino. Firstly, withdrawal of funds should be easy and painless. Any condition or additional requirement to withdraw that is not there to fund is in my view off-putting.
2714  Economy / Gambling discussion / Re: If football is Legal in most countries why is Gambling Prohibited on: January 27, 2022, 12:48:31 PM
I fail to see the link. Gambling is about staking money on a prediction, it can be anything and there are many countries and even religions or philosophical schools that would advise against such an activity. Playing a sport just for fun does not qualify as such at all, it is just a competition that can be played to prove and increase your skills and enjoy a peaceful time with others (not talking about professional).

To be honest, in those countries in which betting is not allowed, I would ask if investing in the stock exchange is allowed. You can use that as a gambling platform.
2715  Economy / Economics / Re: IMF urges El Salvador to remove Bitcoin as legal tender on: January 26, 2022, 10:43:45 PM
Scared they are young padawan. Just imagine that El Salvador is successful and manages to bring the country to a level of prosperity and independence from the world financial institutions. Scaring to death that is for the IMF young Jedis.

Jokes apart, IMF sets the rules to get funding, nothing new, the conditions are frequently nasty and tend to punish the lower strata of the population and have stronger effects on countries that have low ability to capture funds in the markets. This is just another example of inherence in internal affairs.
2716  Alternate cryptocurrencies / Altcoin Discussion / Re: Wikipedia Editors Have Voted Not to Classify NFTs as Art, Sparking Outrage on: January 25, 2022, 11:58:49 PM
I have to agree with the editors. An NFT is not art in itself, but rather a technical tool that may provide other with a range of rights or abilities such as being able to proof ownership, exchange such ownership or rights or even send it to 0x0000000000000 and kill it forever. Perhaps there may be a point in which NFT actually prevent illegal reproduction, something like needing a forced decoding to show. None of that is in itself art more than the frame of a painting is.
2717  Economy / Economics / Re: What If? on: January 24, 2022, 07:24:03 PM
We recently saw the USA is thinking about another sanction to Russia. We know this will take a negative impact on Russia's economy. But what if Russia ally like a chain, Iran and other countries stop accepting US dollars for import and export goods from other countries. We all know China has one of the biggest markets in the world and in 2020 USA imported $434.7 billion worth of goods from China. So what will happen if the Anti-USA countries agreed to this and stop accepting us dollars. Actually, I want to know is it possible for them to do that? What is your opinion about it?

You would be talking about a bunch of countries that would, in theory, form a group and decide that they would want to boycott the USA by not accepting US.

The first obstacle is that USD is widely accepted because you can buy crude oil with it. Just like that. The easiest way to boycott dollar would come from oil producing countries. An guess what, a large number of them are actually allies of US because they fear other more and their rules do really well with Capitalism.
2718  Economy / Economics / Re: How To Profit From MASSIVE Inflation on: January 24, 2022, 06:19:51 PM
I think it is a bit late for the recommendations. I have been in Tin commodities and stocks since nearly 8 months and saw a 100% return, but that may not be repeatable in the following terms. On regards to real state, you effectively can profit from it, but you would need to make sure there is a good underlaying low debt backing the assets and that it is fixed rate. Again, the problem is that, believe it or not, it is already old news!
2719  Economy / Economics / Re: Money and Payments: The U.S. Dollar in the Age of Digital Transformation on: January 22, 2022, 10:24:39 PM
The intended difference between a CBDC and the current monetary system really boils down to one thing -- finality of payments.

There's no way anyone would make a CBDC with non-reversible payments. I think the whole point of CBDC is to give more financial power to government, so they won't have ask private companies for data on certain clients or to freeze certain accounts or transactions, but instead would just do it all on their own whenever they want. Basically a state-owned competitor for Visa and Mastercard.


Quote
The Federal Reserve will continue to explore a wide range of design options for a CBDC.
They don't really need crypto and blockchain for that, and such ideas existed before Bitcoin was even created, back then it was called just "digital currency".

Unlike shitcoin projects that make unrealistic promises, the Fed would actually be held accountable, so they would need to really solve the problems of scaling and high fees, and currently it would mean that the design would have very little in common with existing cryptocurrencies.

I see it differently. Firstly, the payments would need to be reversible as much as a bank transfer can be reversed in the case of errors, hacks or robbery. Second, Visa and Mastercard, Paypal and other are effectively payment processors that need to operate a high speed and cover for defaults, fraud and misuse. I am not sure there is any intention of using a centrally issued currency for that.

In any case, I agree, this has little to do with cripto as we know it.
2720  Economy / Economics / Re: The Russian economy is on the verge of collapse. What to expect? on: January 21, 2022, 10:06:18 PM
I'm really curious about how Russians feel about the impending invasion of Ukraine.

If you ask a Cuban about how do they feel about Castro regime they will tell you "no nos podemos quejar". This is an expression that often means "we cannot complain", meaning that things are all right. However, there is an obvious double entendre on this one, meaning we cannot complain - as we are not allowed to. I think that is the state of things in Russia. "You cannot complain".

Putin touches the right buttons on the Russian cultural pride and sense of a being a superior country and it seems to work well with a large part of a population. You can be poor or you can struggle economically, but at least you are Russian and thus better. And this works until you are hungry and no longer feel superior, see Roman Empire decline, Germany after WWI, the USSR itself,...

Its also what happened in Libya. Gadafi like Putin understand how to rule a country and without him, there could be chaos and look what Libya is today?

They tried changing the leader in the country and theres a mess. And are the people there regretting? Yes.  They regret listening to the destabilizers. Now people are sellling kids for food, slavery in the country is rampant.


US is in verge too. If Biden wouldnt declare military law, people in US will shot each other, homelessness, Asian hate in the country spreads. Rob stores in daylight and all these are already is happening. Heck, even Trump would adhere!

Theyd really need to change the goverment or replace Biden with a strongman like Putin.

Dictator is not a bad word centuries ago, leaders were proud to be called Dictator centuries ago. Its only today that we have another view of this word. Who decides its bad to be a dictator?



This is a classic: things are awful, we need someone strong to take the reins or everything will sink into chaos... Adolf, Stalin, Castro, Pinochet, ... all of them would sign-off that discourse.

You know what the original Dictator terms means? It actually comes from the republican Roman times, before the empire. A dictator was designated by the Senate in time of chaos to reinstate order. The Dictator, to the difference of the consuls and other, could not be held responsible for any crime during his period.

You know what the difference is: The maximum time was 2 years. After that, no immunity and no power for the guy. As you can see, that could be a role to be proud of and legitimate. That is not the case in modern times.
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