It does not kick miners out, it just does not allow them to expand unless they are running on 100% renewables. Also, and this is important to think about, in a lot of places in NY you are almost 100% green energy. Keep in mind too, unless they are generating their own power, NY (and a lot of other states as far as I know) allow you to 'buy' your power from anybody. i.e. where I am PSEGLI supplies the support and lines and everything else. I can BUY the actual electricity from a host of different companies. All of which are about the same price. So they switch their purchases from this to that, possibly pay a fraction of a penny more and go on with what they are doing. https://www.coned.com/en/save-money/shop-for-energy-service-companies/find-your-esco-Dave How would this affect the price of renewable sources of energy if the miners begin using them and increase the demand? The skeptical me thinks this is what the state of New York is trying to do. It will also relieve financial pressure from the government because is it not that these renewable energy companies are only profitable through subsidies from the government and maintain operations? I am not certain of this, however. But there was an article that Tesla receives government subsidies as one of their sources of revenue. |
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As was a big possibility, Haney would bank on his reach advantage. This was mainly how Kambosos was defeated. Kambosos never had the chance to really exchange blows with Haney. Haney was satisfied not being hurt but not also hurting the opponent for as long as the points are in his favor. He came into the ring as a practical boxer, probably not even planning on schooling or knocking out Kambosos. He was there to simply make points and win however boring it might mean to the fans and everyone else.
However, it was the correct game plan for Haney because Kambosos is very good in timing his opponents if they are always going in very much similar to Teofimo Lopez. It appears Haney's father has learned from Lopez's fight more than Lopez and told his son not to make those mistakes hehehe. It is also very impressive that only at 23 years old, the young Haney has managed the mental pressure like an old veteran of boxing. In any case, what would be next for Haney if the rematch does not happen? Who would be more challenging for him? Lomachenko, Tank Davis or King Ryan? |
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Are the fuel prices in America also affecting the electricity prices in many areas of the country? I reckon for bitcoin miners and energy companies that want to provide electricity for bitcoin miners, it will certainly be cheaper to move out of America and bring their farms somewhere with a government that will be more accomodating and where there are cheaper sources of electricity. The Biden administration might begin to make profitability very difficult for miners in America. The Biden administration is teeing up policy recommendations to lower cryptocurrency mining’s energy consumption and emissions footprint, marking its first major foray into a poorly understood industry that critics say threatens U.S. climate goals and strains the power grid.
“It’s important, if this is going to be part of our financial system in any meaningful way, that it’s developed responsibly and minimizes total emissions,” Costa Samaras, principal assistant director for energy for the White House Office of Science and Technology Policy, told Bloomberg Law.
“When we think about digital assets, it has to be a climate and energy conversation,” Samaras said.
The report, expected in August, could be one of the first studies following President Joe Biden’s executive order in March pressing federal agencies to ensure the “responsible” mining of digital assets such as cryptocurrency.Source https://news.bloomberglaw.com/environment-and-energy/crypto-miners-energy-climate-costs-draw-white-house-scrutiny |
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Anyway, the NFT market is a funny market. I'm still amused how it continues to thrive until today despite its mediocrity and insignificance. The way it currently looks like, it doesn't seem to have a lot of potential. For one -- and I'm not a connoisseur of art -- many of what is offered in the market, and with exorbitant price tags at that, don't seem to look like high-caliber artworks. I know there are gullible and eccentric and rich people, but I don't think they are enough to sustain the market. So I guess much of what's going on in there is fishy, especially that the market is really a good breeding ground for manipulation and fake transactions.
It is very arguable if the nftspace is presently insignificant. Famous people have begun to own NFTs and I predict that it might be the instrument that will bring more adoption towards the cryptospace. Everybody is aware that famous people own NFTs. Eminem has one. Justin Bieber also has one. Snoop Dogg and Madonna and Paris Hilton also bought theirs. Even Tom Brady and Stephen Curry are also in the game. But does the purchase of these JPEGs by crazy rich celebrities enough to make it significant? I'm not sure. What adoption? And what crypto space? If it refers to the growth and mainstream acceptance of these costly apes and pixilated images as works of art, I think I'm not excited. Surely, that's not the kind of crypto adoption I wish for. If only this long list of influential persons proclaim that they embrace decentralization, that they own Bitcoin instead of images of apes, I guess it could really drive the kind of awareness we all hope for. But, of course, this is just my personal opinion. Yes they are very significant and the significance will only increase. What we have witnessed is only the beginning. Those famous celebrities are not to be underestimated in bringing more people in the nftspace and from there, they will also see and enter the cryptospace. You want to see an example of how NFTs can be powerful? Adoption will be something similar and powerful as this and not everything will be costly.    The nftspace will be a community that might be as large as the cryptospace. I speculate it can be larger. Also, in Ukraine their government also issued NFTs to raise awareness for their fundraising campaign when they were in need of funds. This is one of the possible usages that might bring significance in this new type of medium. |
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I reckon bitcoiners should begin to do more research about different Defi projects and stop calling them scams.
I think bitcoiners should be more concerned with Bitcoin, not the whole industry that just uses Bitcoin for their (mostly) scam projects. The fact that someone who has been on the forum for years still thinks Kwon and his project aren’t completely scam doesn’t give me much hope when it comes to the future. When you mention DeFi, what exactly are the benefits of something that generates a bunch of scams and results in financial losses measured in billions of $? This whole system is like a sieve through which someone pours water and expects that sieve to retain water, and we know that is impossible. https://cryptosec.info/defi-hacks/Do Kwon's acceptance of bitcoin into Terra's treasury was something no one in Defi was normally doing. No one in Defi cares about bitcoin. I reckon it would have more significance in Defi if Do Kwon used Ethereum, however, it would confirm that ETH as a better coin than Luna hehehehe. Also, similar to anything in the cryptospace there will be many scams. If bitcoin had the ability for Defi projects to be built in the network, I am quite certain there would scams and poorly developed implementations also. However, calling all of them scams is wrong. Some of them are building the infrastructure for the future of the cryptospace. |
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@Dave1. No hehehe. He very much certainly did not do that on purpose. However, I disagree with @Kemarit. Kambosos did not appear to have a difficult time in removing the excess weight. It might be only another 1 hour of Kambosos sitting in the sauna bath.
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@stompix. Yes, that is the correct technical definition, however, I am certain you know what everyone means if they say NFT hehe. The word NFT has become the word to identify the art, the nonfungible token as a whole. Anyway, the NFT market is a funny market. I'm still amused how it continues to thrive until today despite its mediocrity and insignificance. The way it currently looks like, it doesn't seem to have a lot of potential. For one -- and I'm not a connoisseur of art -- many of what is offered in the market, and with exorbitant price tags at that, don't seem to look like high-caliber artworks. I know there are gullible and eccentric and rich people, but I don't think they are enough to sustain the market. So I guess much of what's going on in there is fishy, especially that the market is really a good breeding ground for manipulation and fake transactions.
It is very arguable if the nftspace is presently insignificant. Famous people have begun to own NFTs and I predict that it might be the instrument that will bring more adoption towards the cryptospace. |
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News update. George Kambosos did not make the weight by .36 pounds. I am not certain what time was the weigh-in, however, Kambosos will be given only 2 hours to make the weight. Also, good news for Devin Haney bettors hehe. His father was given a last minute visa to enter Australia to be with his son during the fight. https://m.youtube.com/watch?v=KpCFxOxoKxMThe confidence of Haney will certainly pump and Kambosos' confidence might dump hehehe. I will not change my pick, however. |
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It appears everyone is very busy arguing about Kambosos versus Haney and Inoue versus Donaire hehehe. We forgot that this weekend Stephen Fulton will also be fighting Danny Roman. It might not appear to be an important fight, we know Fulton's victory is a certainty, however, every boxing fan should watch it because if Inoue wins, he might move up to super bantamweight and challenge Fulton for the WBC and WBO super bantamweight championships.
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Kinda glad that I missed betting for the Warriors on the first game. Was just having lunch earlier and they were watching the game on TV and damn, Celtics are really on fire on the 3rd and 4th quarter. I've always known the current Celtics lineup as someone who are good on the inside and rarely pushes for 3-pointers, but this game they proved me wrong.
Next games, perhaps I will just bet on overs and unders just to be safe.
Like you, I did not bet but I did not watch the game too hehehe. I was very shocked to see the result, I assume everyone was also shocked? 120 - 108 for a Celtics victory in the Warriors' home stadium? This might be something similar to a forewarning in the movies or a sign that this might be something like an underdog story. Also, after witnessing the Warriors lose, would it be very shocking if they also lose again on game 2? |
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Hehehe no, just a way to launder money is not what I am telling everyone. However, it can be one of the ways very much similar to those other ways launder money like through bitcoin and other coins. It should not imply that it is bad and it should be banned. Cellphones are used as detonators for bombs, kitchen knives can be used for murder. Should they be banned as a consequence? NFTs are art and they have become part of culture of the cryptospace. Some of them will certainly have value if the community continues to support them and there are presently Defi platforms that are being created on how to unlock their value and create liquidity for them. The next years of the cryptospace will be much more interesting hehehehee. |
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@cr1776. Agreed and something similar has occured in another project. I am not sure if you have heard of Iron Finance's stablecoin? Mark Cuban has invested in that project and promoted it in social media hehe. However, I very much disagree if algorithmic stablecoins should be called mumbo jumbo. I support the intention that the cryptospace should have a decentralized stablecoin that is independent from traditional finance. There are also other projects with smart developers who are trying to create decentralized stablecoins. One of these is Frax Finance. https://docs.frax.finance/I reckon bitcoiners should begin to do more research about different Defi projects and stop calling them scams. |
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What Fairspin can do is create a DAO, issue a token, open up a staking rewards, liquidity providing rewards for distribution of the tokens and later revenue sharing from site fees as rewards for locking tokens in the DAO. If everything is estsblished and stable with the DAO, they can begin using some of the tokens as payment for signature campaigns and other marketing campaigns. I reckon being a gambling business in the cryptospace, they can be more creative by using Defi and NFT.
Thank you, interesting line of thought  Hehehe that is the type of value creation that is made possible in Defi. However, we know there are ponzi characteristics in this because the tokens are listed for swaps or in DEXs for trading and speculation. But if the tokens have a share of the revenue from Fairspin as the backing, the tokens would have some fair minimum value depending on the performance of Fairspin. It would also help you form a community of holders. Token issuance is a strategy used by altcoin projects to create and build their own communities. |
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I am not a very big basketball fan, however, I can tell those 8 people who voted for the Celtics good luck and they might only win 1 game or 2 if the Warriors have a rest day hehehe. However, I am quite sure this series will not reach 7 games. Also, can the Warriors sweep it? There is a chance, I reckon.
In any case, Warriors might win first 3 games, Celtics wins game 4 and Warriors win game 5 for the confetti shower.
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I am not quite sure where to share this news, however, Opensea marketplace is more on topic in service discussion than altcoin discussion. In any case, does everyone remember the hype on NFTs when many of them were selling for more than $500,000 per piece? Yes, there were BAYCs and Cryptopunks that were sold for excessive amounts of money. I argued that because of the way the marketplace is created, it was very easily manipulated by one person to wash trade the NFT by himself using 2 different wallets. However, there were people telling me that it was only fud hehehee.  A grand jury has indicted the former head of product at non-fungible token (NFT) platform OpenSea on wire fraud and money laundering charges after an insider trading scandal.
Chastain was previously accused of using secret Ethereum wallets to purchase NFTs based on confidential information that they'd soon be featured on OpenSea's home page. He was allegedly responsible for selecting which NFTs would be featured on the homepage, according to the indictment. From about June 2021 to September 2021, he sold these pieces for two to five times his initial purchase price shortly after the value jumped from a front-page feature, according to the DOJ's indictment.Read in full https://www.theblockcrypto.com/linked/149685/former-head-of-product-for-opensea-indicted-after-insider-trading-scandal |
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@RussianEnglishTranslation. It is very arguable where the future of the cryptospace might be regarding layer 1. There is also an argument that it will only be Ethereum as the layer 1 with a few layer 2s being their own ecosystems. I speculate the end of this bear market will show which layer 1s will survive and which will become something similar to 2017 ICOs that died hehe.
Also, I am not forgetting those other usecases and it was not the point when I created the thread. Read again carefully what I wrote. It is about assets that are born in the cryptospace and how Defi is the perfect infrastructure to extract liquidity from them. It might not be for tokenized bonds, tokenized equites or tokenized assets from the real world which have all failed in past implementations.
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As far as I know, one of their plans is to get listed in Binance.
However, there may be some setbacks that we don't know about.
But they are already heavily using BSC network in their casino.
Maybe the trading volume right now is not enough to make it in Binance.
But they are continuously working on their popularity as they come up with these high-reward events.
Listing will just come naturally once their token is attracting great interest in the community.
The Betfury reps already explain here the reason why they can't list on Binance right now. Binance listing fee is very expensive while they can use the amount for marketing and partnership that will give Betfury casino an exposure rather than list on Binance that will cause only a temporary hype. Betfury has a lot of partnership on different DEX that provides liquidity and farming for all BFG token holders. BFG volume is already good to be listed on Binance, The only problem was the fee is too high while they can use it to many marketing activities. Maybe in the future BFG will surely listed there. Dear users  We are very pleased that you are devoting so much time to listing theories. Binance does not charge a listing fee. It would be too easy  Everything works in the format of general marketing, where projects are integrated into the exchange ecosystem. Consider the situation in which Binance is moving towards the legalization of all possible processes and cooperation with government agencies. If a few years ago they simply took promising projects for listing, now the situation has changed. The project itself must have many documents confirming transparency, progress and, of course, all kinds of licenses. We are working to maximize the potential for listing on Binance and other large centralized exchanges. Let's discuss ideas for promoting the Betfury platform. You are good at it, and we take into account I reckon Binance listing or whatever big exchange listing have become exaggerated in value now that we have Defi available. It has only become good for hype and sometimes pump and dumps if the token has no real utility behind it. Betfury being a real business has already positioned itself that it can issue a token with utility and with value collecting qualities through Defi. The gambling site that develops a Defi token with a value creating flywheel behind it would be clearly be more successful during the next bull market. |
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What makes a coin a shitcoin? What would be the definition be? Is it memecoins? Low marketcap altcoins with low volume in the exchanges or is it any coin that is not bitcoin? There are also some reasons from a different point of view that can also be said that bitcoin is also behaves similar to a shitcoin. An example of this is the volatility. It was pumped to $60,000 on November and it is presently dumped -50% then hodlers encourage everyone to buy because it is a store of value and a hedge against inflation? It is head shaking.
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News update. It appears that JPMorgan went back to 2016 again where every VC, developer and influencer were calling for the tokenization of real world assets. I might be mistaken, however, it did not enjoy positive reception by the market and has never had any encouraging adoption in the cryptospace. Will JPMorgan have a different implementation of this? They might, however, we have already witnessed that assets created in the cryptospace like protocol tokens and NFTs have no problem in having their own value that is disconnected, with no backng from the real world. JPMorgan might create more wealth by backing Defi projects than to reinvent the wheel. JPMorgan Chase & Co is using blockchain for collateral settlements, the latest Wall Street experimentation with the technology in the trading of traditional financial assets.
The bank’s first such transaction came on May 20, when two of its entities transferred the token representation of BlackRock Inc. money market fund shares as collateral on its private blockchain. The effort will allow investors to pledge a wider range of assets as collateral and use them outside of market operating hours, according to New York-based JPMorgan.Source https://finance.yahoo.com/news/jpmorgan-finds-blockchain-trading-lending-123000650.html |
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A bear market or bull market for me is good if you are just there for the product or building the product and solve the problem and make it work and people can use it and solve their problem.
I believe if a bear or non-bear market, it is something connected with funds for sure, especially the funds of the team, I believe it's not an easy building but if there is enough budget and goal, they can all make it wether bear or bull market.
Agreed, however, the argument being presented applies more to bear markets than bull markets because a bear market has almost run out of pump and dump speculation and scammer development teams who only want to get rich quick. It will be very clear who will be the best development teams with enough funding that will survive and who those developers in the cryptospace that are only here for money by dumping on their communities and go on a vacation on as island hehehe. |
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