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2901  Bitcoin / Development & Technical Discussion / Re: I don't believe Quantum Computing will ever threaten Bitcoin on: August 11, 2020, 08:21:16 AM
About the 1000cc quantum computer - you're right, maybe that's not what it says. But then it's completely unclear why the US Department of Defense (DARPA) not only signed such a contract, but also made this information public.
A quantum annealer - if it is indeed an annealer, I am only speculating - is still very useful. It is perfect for solving certain types of problems, and doing so exponentially faster than a classical computer. This 1000 qubit annealer could be an important advancement... it's just that it's no threat to asymmetric cryptography.


I wonder what is the speed of interaction of two connected photons from the viewpoint of our macro-world, our three-dimensional in space and one-dimensional in time world? If it were the speed of light, then this interaction would be tied to the distance between the photons. But I read that there's no difference in the distance between the photons in our world.
I specifically wrote "in our world", meaning that perhaps there is another world in which these same linked photons look completely different.
I think the speed of interaction would always be light speed. The speed of a photon from a normal human perspective is c. As for the speed of a photon from the viewpoint of another photon, well, this is problematic. I don't think we can say that a photon sees another photon moving at c, or at a proportion or c, or even, for two photons travelling in the same direction, that they each see the other as having zero relative velocity. The reason we can't say this, is because the perspective of a thing travelling at c is the limiting case. No time passes for a photon. A photon regarding another photon sees simply a thing, not a thing that moves in time.


A photon is [...] The term "mass-free" does not accurately reflect the nature of this particle. Due to the principle of equivalence of inert and gravitational masses, all mass-free particles participate in the gravitational interaction.
I agree with your explanation of a photon, which I have truncated here. Yes, when we say it is 'massless', we are referring to it having zero rest mass. The problem is complicated because we have no proper relativistic theory of quantum mechanics. For QM, a photon is massless. For relativity, a photon has zero rest mass, but does have relativistic mass.
E=mc2 expands out to: E2 = p2c2 + m2restc4, where p = mrelv

But we can't talk about relativity from the perspective of quantum mechanics, because we don't yet have a proper marriage of the two theories.


And what photon (what spectrum of electromagnetic waves oscillations) is used in quantum computers - nowhere I have found.
Boson sampling is one approach:

https://www.scientificamerican.com/article/quantum-computer-made-from-photons-achieves-a-new-record/
Quote
Boson sampling can be thought of as a quantum version of a classical device called the bean machine. In that device, balls are dropped onto rows of pegs, which they bounce off of, landing in slots at the bottom. The random motion of the balls typically leads to a normal distribution in the slots: most balls fall near the center, and fewer fall toward the sides, tapering off at the edges. Classical computers can easily simulate random motion to predict this result.

Boson sampling replaces the balls with photons and the pegs with optical devices such as mirrors and prisms. Photons are fired through the array and land in a “slot” at the end, where detectors register their presence. Because of photons’ quantum properties, a device with just 50 or 60 photons could produce so many different distributions that classical computers would take billions and billions of years to forecast them.

But boson sampling can predict the results by carrying out the task itself. In this way, the technique is both the computational problem and the quantum computer that can solve it.
2902  Economy / Economics / Re: Wealth distribution, and tragedy of the commons. on: August 11, 2020, 07:18:32 AM
Note that I said A lot of people, not all people. It's true that many people do not wish to learn any money management whatsoever so they make all these mistakes listed here https://www.providentpersonalcredit.com/money-matters/money-management/five-examples-of-bad-money-management/

I don't agree with you, but I'm meriting your post because you are interested in a constructive discussion Smiley

How about we take the example of poor people blowing all their money on alcohol rather than spending it responsibly? Alcoholism is a severe problem in certain very poor communities. For example, Inuit in Canada, the Native Americans/First Nations in the US, the original settlers of Australia, Maoris in New Zealand... all of these are indigenous peoples in lands colonised by Europeans. Presumably you would never suggest that they are weak/stupid/lazy, you would never ascribe those characteristics as being due to race, and instead agree that the alcohol dependency is a consequence of the situation in which they find themselves? In which case, surely, the bad financial decisions are a consequence of being poor, rather than poverty being a consequence of bad decisions?

I do agree with you that some people are lazy, reckless, and take no responsibility for their actions or their situations... but I don't think we can pretend that our societies are egalitarian, with equal rights and opportunities for all, and that the people at the bottom find themselves there because of their own bad decisions. Imagine if Donald Trump had been born into a penniless family - surely he wouldn't then have managed to become president?

2903  Economy / Services / Re: [OPEN] Switchere.com | Signature Campaign - Hero/Legendary $40/Week on: August 10, 2020, 03:53:47 PM
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2904  Economy / Economics / Re: Wealth distribution, and tragedy of the commons. on: August 10, 2020, 02:16:07 PM
Money is divided unequally among people causing some to be rich, others in the middle class well-off but not not rich and others in poverty. Due to the richest people now having tens of billions of dollars, compared to the richest ones a century or so ago, the social divide has become so great that people are calling for rich people's money to be broken up, and distributed to the poor. Their assumption is that if everyone has the same amount of money then there will be no more poverty, hunger and homelessness.
It doesn't have to be everyone having the exact same amount of money though, does it? That's just taking it to an extreme to make the idea appear absurd and unworkable. It's like people screaming that Obamacare is communism, when it's clearly not.

A lot of people, especially those in poverty and this includes the poor in third world countries as well, are reckless with money management, due to never learning how to manage money (for they never had any money to manage in the first place), and spend all their money on cigarettes, entertainment, and commodities that drain people's wallets over time.
[citation needed]
This sounds like a baseless accusation and lazy stereotyping.  Of course I am happy to be swayed if you have evidence to support this contention. But as far as I am aware, the available evidence suggests that direct cash transfers to the world's poor is one of the most effective forms of charity. Take the example of Give Directly, which is consistently rated extremely highly by the evaluator Give Well.
https://www.givewell.org/charities/give-directly#Does_it_work
Example study:
https://files.givewell.org/files/DWDA%202009/Interventions/Cash%20Transfers/haushofer_shapiro_uct_2013.11.16.pdf


A lot of rich people's money is just sitting around in banks not being sold, invested or traded with. This removes money from circulation [...] I think a solution to the social divide problem is to make rich people spend their money more, so that it goes back into the world economies.
Agree with the first part, but not the second. There are certainly notable instances of mega-rich individuals giving back hugely to society, the Gates Foundation being perhaps the most visible example. I would argue these are exceptions rather than the rule. We cannot rely on the rich to distribute their own wealth, we cannot rely on them to suddenly alter the values that have driven them to accumulate the wealth in the first place. This is for the same reason that we need laws against cartels and monopolies. It doesn't just police itself. Capitalism is great so long as government has the power to set the limits within which it operates. The best proposed solution I've seen thus far to the entrenched (and ever-growing) inequality is a wealth tax.
2905  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: August 10, 2020, 11:32:23 AM
I feel like if all racers raced in the same cars, bottas and hamilton would have been waaay down from their places, definitely not last because they are still quite great racers, but 20-30% advantage is probably their cars. In any case my boy Lando Norris ended up 9th today, not a good race from him Sad hopefully he will recover and brings it next race so he could keep his position.

I think we cannot judge them like that.If we do then Michael Schumacher except the two titles with Benetton the others with Ferrari would not count because Ferrari was the best car back then.Hamilton is another level and he demonstrated it the first year with McLaren that he lost the Championship just because of one point difference.

Definitely agree. Hamilton has proven himself a great driver. I know it is difficult to determine how much is the car and how much is the driver, but there are plenty of indicators out there. Firstly, how they compare with their team mate. Hamilton is significantly better than Bottas, and was significantly better than Rosberg (that one Rosberg world title was an aberration due in large part to Hamilton's bad luck that season, and I think Rosberg knew he'd never get another shot, which is why he retired straight after). And as you said, McLaren gives us very strong evidence. Alonso is a great driver, and Hamilton in his debut season was able to match him. Another good indicator of driver talent I think is their performance in the wet... and it's impossible to deny that Hamilton is a master here. It's difficult to see beyond Lewis and Max as the best two drivers currently in F1. We need to also consider that the best teams want, and are able to attract, the best drivers. If all contracts were up for renewal at the same time, then every team would want Lewis. You can't say that about most drivers. The best drivers tend to gravitate to the best teams. Take a football example - Messi and Ronaldo don't look good because they play for Barca and Juve, rather they play for those teams because they are top teams and can attract and retain the best players.

I think if we're looking for drivers who are over-rated and achieved success just because of the car, we don't have to look any further than Vettel, who has finally been found out and doesn't have a drive for next year. All that Vettel has really proved in his career is that he's better than Mark Webber.
2906  Economy / Economics / Re: Btc and gold can now be called "safe" on: August 10, 2020, 10:19:54 AM
imo gold and btc are somewhat "safe haven" assets [...] P.S. I do not think it's early to tag them as safe assets, people previously said they were yet to be tested in a dire situation, for me, that test came this year, with the pandemic and it's effects.

Gold is a proven safe-haven asset. Bitcoin has the potential to be a safe-haven, but this remains a possible future state.

Yes, the response of crypto prices to the pandemic has been encouraging, but we can't say that bitcoin volatility has suddenly disappeared for good. It remains comparatively low volume when compared to traditional markets, it is of course unregulated, and is still regarded with suspicion and mistrust by most governments. It has the potential to be a safe-haven and the ultimate store-of-value... but at the moment, it is seen much more as a highly speculative asset.

I do agree with you that the signs are encouraging, but I still think we are a long way from that end-state at the moment.
2907  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: August 09, 2020, 05:18:07 PM
Indeed, it's incredible what Max did today. Perfect drive from him and great Red Bull strategy. Seems that currently he is only driver who can compete with Mercedes.
Another great race for Leclerc - P4. He had risky 1 pit stop strategy, but seems Ferrari didn't made mistake with it.
He's a great driver, yes. I think however that today might be unrepresentative of the rest of the season. We had the perfect combintation of factors to give Red Bull a chance. Normally their car is a long way behind the Merc, and no matter how good Max is, his car can't compete.
What we had today were three things:
1) A very hot day.
2) A track that is known for being very very tough on tyres.
3) No hard tyres for the race, Pirelli withdrew them. This week's 'hard' were what last week we called 'medium'.
So these three factors combined to mean that tyre degradation, Mercedes only weakness, was hugely important. It is difficult to see the same thing happening too many times again this season. We need all three factors together really for the Red Bull to have a chance.

how possible is a Hamilton - Verstappen partnership at Merc?
I would say very unlikely. Remember the chaos and ill-feeling of the Hamilton/Rosberg years? Hamilton/Bottas works perfectly for the team dynamic, and Mercedes already have the driver's and constructor's championships sewn up. I can't see that they'd bring Max in whilst Hamilton is still there.
2908  Bitcoin / Development & Technical Discussion / Re: I don't believe Quantum Computing will ever threaten Bitcoin on: August 08, 2020, 04:08:29 PM
- according to the words of Bo Ewald, CEO of ColdQuanta, within the next 40 months, under the terms of this contract, a machine will be created, which will consist of 1000 (one thousand!!!!) cubits, and it will be able to make the necessary calculations... to create medicines and... (not interesting and not true) - to crack the ciphers.

All this suggests that fans and users of modern key cryptography have no more than 40 months
I can't find a ton of detail on the proposed ColdQuanta machine, but a couple of things lead me to think this will pose zero threat to cryptography. First is the name Bo Ewald - he is famous as the president of D-Wave, which is a quantum annealer rather than a general purpose QC. Second is the quote below:

Quote
The objective is to show quantum advantage of quantum-hybrid systems over classical systems for a range of difficult combinatorial optimization problems including resource allocation, logistics, and image recognition.
https://www.hpcwire.com/off-the-wire/coldquanta-awarded-contract-7-4m-darpa-cold-atom-quantum-computers/

The key phrase here is 'combinatorial optimization problems'... which is pretty much a giveaway that we are talking about a quantum annealer.
The way these work is that when the problem is modelled, the annealer searches across the energy landscape for an absolute minimum... however in practice they often find a local minimum instead. So they are no good for finding the single solution to a problem, they are no good for running Shor's algorithm to break asymmetric cryptography, instead they can be used for problems where what is needed is simply a 'good enough' answer (a local energy minimum). These are travelling salesman type problems. Combinatorial optimisation. A quantum annealer can be incredibly useful for a certain use case. But it is no threat to bitcoin.



And even the postulate about impossibility of speed exceeding the speed of light in a vacuum is only a temporary mistake. This ban was found by one man, Einstein. One genius - against all the others who stubbornly looked only at the official scientific line.
You can understand them. It's convenient. It's prestigious, scientific titles, respect, certainty. But you find one against all, and he wins this battle. Now everybody, just as they've always been used to it, is sticking to this official line of science. It's the same with quantum technology, too. But it's not as real as we think it is.
There's also one madman who will win the next battle, one against all, and give mankind a speed greater than the speed of light, much greater...
Relativity is experimentally verifiable. We can't really say it's the word of one man, when the effects are proven and reproducible. I'm not saying we'll definitely never find a way to travel faster than light, but the evidence at the moment is that this is the absolute limit. The effects on time and space are well known and, as I say, verifiable. It would require infinite energy for a thing with mass to hit light speed. Additionally, if object A and object B are moving away from a stationary observer in opposite directions, both travelling at c, then the relative speed of one to the other is not c+c=2c, it's c... the answer to the apparent discrepancy lying with time dilation.

By the way, and what speed of interaction of connected photons, after all this phenomenon is used in construction of the closed communication channel protected by methods of quantum cryptography? Isn't this speed greater than the speed of light? I have heard that the speed of this interaction between bound photons Absolutely does not take into account the distance between these photons. Isn't that proof of speed greater than the speed of light?
Photons are massless and travel at the speed of light. This means that from the perspective of the photon, time does not pass. The distance from the Sun to the Earth is around 8 light minutes. This means that when you see the Sun, you are seeing it as it was 8 minutes ago, because the photons from the Sun travel at the speed of light. If the Sun were suddenly to go out, we would not notice this for 8 minutes. If instead we consider photons moving between two points on Earth, the distance is so small to make it effectively instantaneous.
2909  Other / Off-topic / Re: Chinese products are junk on: August 08, 2020, 06:45:51 AM
Today my gaming chair plastic cracked
4 days a go a cheap wallet that i had broke
Last week 2 t-shirts that i washed turned white
2 weeks ago i bought a cheap lighter ,pressed it to light my smoke ...guess what it broke

It's like anything that Chinese make is junk ... it's ridiculous

My bold. It looks like the relevant common factor here is that you are buying cheap stuff, rather than that you're buying Chinese stuff.
Most products are made in China.
Some products are good, some are bad. Cheap products tend to be worse than expensive products, for obvious reasons.
If you buy cheap products that are no good, chances are they are from China.
Doesn't mean China is the problem.
2910  Bitcoin / Development & Technical Discussion / Re: I don't believe Quantum Computing will ever threaten Bitcoin on: August 07, 2020, 08:34:52 AM
the whole space of the microcosm is an endless fireworks of birth and annihilation of particles. There is an impression that it is not only not homogeneous, but also does not have its stable, calm state. It is the same as life, if we classify the term "life" in terms of energy processes.
Yes. 'Empty' spacetime still has a minimum vacuum energy, as described by Heisenberg's uncertainty principle for time and energy (rather than as we normally use in quantum physics, position and momentum). The 'endless fireworks of birth and annihilation' (which is a really nice description, by the way) is simply a manifestation of what spacetime is, with the quantum fields that are properties of spacetime.


these endless processes of birth and annihilation of all things (particles, for example) around the observer - are slow, not as fast as it seems to us when we look at it from the microcosm. It must be beautiful.
Yes, it would be truly profound to be able somehow to 'see' this happen. I have been lucky enough in the past to be given particle traces from CERN to analyse, and it is remarkable to see the evidence in front of your eyes, even if it is  just a record of what has happened, rather than seeing it first-hand.


The disintegration of an atom into its constituents is infinite; a micromir can decrease infinitely (this is an assumption, a fantasy, a feeling).
I'm not sure I agree. As far as we know, of the protons, neutrons and electrons that sit within an atom, the electron is a fundamental indivisible particle (I am simplifying again, meaning particle as the manifestation of the relevant underlying quantum field). Protons and neutrons are composite particles, built of quarks (which are fundamental). The quarks are held together by the strong nuclear force, which is mediated by (virtual) gluons. As far as we know, there is no further division possible beyond this point - and indeed this fits with the laws of physics as described by the standard model.

And also - electrons which rotate around the nucleus, only 2 on one atomic orbit (Pauli's prohibition - no more than 2) and only with different spins. After all, it is the spins of the particles that we use in quantum systems. And here's the rule. And there's one more thing. In the theory known to me - orbits of one sublevel of the atom are always, at first, filled with electrons with the same spins (Hunda rule). But why is that?
As far as I'm aware, Hund's 'bus seat' rule works because the lowest energy state is the one that maximises spin. So it is just 'easiest' (or 'most efficient') for the subshell to be singly occupied before the electrons start pairing up (because doubly occupied +1/2 and -1/2 equates to net zero spin).


By the way, I couldn't find an answer to the question, maybe you know, the birth and annihilation of particles discussed here, observed in "empty" space in a vacuum, is possible in the points occupied by the atom? It is fundamental to know that it would be correct to develop the point of view proposed here.
When we talk about spontaneous birth and annihilation (as we have above), we are referring to the energy-time uncertainty inherent to the universe, as described by Heisenberg. We are talking about the uncertainty associated with an absolute minimum energy state, and the fact that this is non-zero. We must also consider that these quantum fluctuations manifest as virtual particles (i.e., they can't be detected directly), andd that they do so only for an extremely brief timespan. If we then consider the region of spacetime that is within an atom, then we are no longer talking about a minimum vacuum energy. However the uncertainty still remains, but it is uncertainty above that tiny non-zero limit.  It gets difficult when we start considering virtual particles, when really all we are talking about is a field fluctuation.


looking with the eyes of a creature from the macrocosm, there is no space inside the atom or it is fundamentally different from what is outside the atom. The atom itself is empty, it is actually a huge volume of emptiness filled with small particles. Approximately if the nucleus of the atom is the size of a football ball, the electron is the size of a large apple, the distance to the nearest s-electrons of the level will be about 30 km. That's only to the closest ones. Well, isn't that an empty space? The question is, is it as empty as outside the atom or another? In other words, is it the same space, with the same properties as outside the atom or not?
No, it's not empty space. Or, it's only empty space if we consider electrons, quarks etc as actually being particles, as being little dots with a physical size. When in fact, we know that the 'particle' has a wave function, and what we think oif as a 'particle' is simply a classical outcome of the wavefunction resolving to a discrete point. But quantum field theory describes it more eloquently. Everything that we see, everything that exists, is the relationship between perturbations of all of the quantum fields that exist as a part of spacetime. So 'empty space' within an atom is not the same as 'empty space' outside, because we have the wavefunction, because we have the electroweak force, because we have the strong force mediated by virtual gluons, and because these forces are fluctuations of quantum fields at that local point within the atom. Additionally, when we say 'if the atom is the size of a football field, the electron is the size of a large apple', what we actually mean is I think that if the atom is a football field, then the minimum resolvable unit of space as determined by Planck is the size of an apple. We can't ever say that the electron has a 'size' as such.


And if we fantasize, is it possible to construct a model of quantum computer using other quantum characteristics of elementary particles?
To build a quantum Internet using anything other than the photon's back is possible if there are other quantum properties connected between particles. And are there such?
A qubit is just the fundamental unit of quantum information, so in theory any quantum property that resolves to two classical outcomes can be used as a qubit. Electron spin. Photon polarisation.


I will notice that the spin of an electron is a rotation.
Note that everything around, in the universe - necessarily spins.
And here's the question for the theory of relativity. The point which is on the surface of the rotating object has a higher linear speed relative to the center than the point which is near the axis of rotation. For these two points - time flows differently or not?   
Before answering, take into account the fact that the rotating object has its linear speed relative to other objects. Which means that time is different from them. The time of a moving object flows slower relative to the one that is at rest. This is understandable. And what can be the definition of time for our 2 points, the same object that has its spin (rotation), for a point on the surface and points on the axis of rotation? What their time concerning moving past them object with the big linear speed?
I think the term 'spin' as applied to an electron is just a description of its state, and does not refer to an electron actually rotating. It is an expression of the electron's inherent angular momentum. Firstly, electrons have no size (as far as we know), secondly, they are not physical objects, but rather field fluctuations. I don't think we can say that an electron rotates. However I certainly agree that time flows differently from the perspective of an electron.
This is all complicated by the fact that we have no real way as of yet of linking quantum mechanics with relativity.
2911  Economy / Services / Re: [PAUSED] WOLF.BET Signature Campaign - Hero/Legendary - Up to 0.008 BTC/week! on: August 06, 2020, 12:52:45 PM
As of now, the campaign is put on PAUSE/HOLD, see you back soon. Thank you all!
You are free to remove your Signature & Avatar.

Thanks Zwei, best of luck with Wolf.bet Smiley
2912  Economy / Economics / Re: Pray for Our World (Pray for Lebanon) Another Economic Crisis on: August 06, 2020, 12:49:14 PM
This is a tragic event, and yet another example of how troubled countries can experience calamity after calamity. Lebanon suffers through being part of an unstable region, there was the seemingly endless civil war, and the economy was at breaking point even before CV19 hit. Now, as well as a failing economy and the pandemic, we have this explosion. People are focusing on the toll of the dead and injured, but this is only the short term effect. There will I'd imagine now be huge numbers of newly homeless people, to couple with the fact that this explosion was at the huge grain silo... so it's devastated the food supply, too, as well as (with no grain silo) the capability to store new incoming food. You couldn't really imagine a worse confluence of negative factors. The country will be in desperate need of aid from other nations - just at the exact same time that these nations are themselves struggling.

Unfortunately, I think it will get worse for the people of Lebanon. I really hope that other countries come together to assist here. We are all people irrespective of nation.
2913  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: August 06, 2020, 12:36:14 PM
I agree that the midfield fight is fierce and better than last years.However when we have not a fight for the title what is the point of watching the midfield battles.They don’t give you the same emotions as the title fight.We are missing Mclaren from a long time in the fight to the title and surely the Renault engine isn’t going to help to change this.Also we need more performance from Ferrari and Redbull because if things don’t change then F1 will continue to be boring to watch the dominance of Mercedes.

Things won't change this year, and they are very unlikely to change much next year, either, given that development has been much reduced and the regulation changes put back to 2022. It does reduce excitement when we are probably looking at 2 straight years of Merc total dominance - like it was in 2014, the first season with new rules after the Red Bull dominance.

But, signs are promising that the 2022 rule changes will not just be a reset for all teams, but will also bring the whole grid closer together as well as allowing easier overtaking. I know this has been said before, but it does look promising. If you're interested, there's a decent report here that explains why the 2022 rules should make it more exciting, and more dependent on who is the best driver rather than just who has the best car. Note, the article is a couple of years old, so refers to them as being '2021' changes, but as we know this is now postponed to 2022.
2914  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Hidden altcoin gem on: August 06, 2020, 08:51:57 AM
The coin has low marketcap and low volume, which translates to high volatility, and makes it extremely susceptible to manipulation by pump-and-dump groups. Regardless of any long-term potential of the coin, it must at the moment be regarded - as all low cap coins - as extremely risky. In general, the lower you go in marketcap, the higher the risk. We are looking here at a coin that sits well outside the top 500. Not saying it's good or bad, just be aware of the risk.
2915  Economy / Speculation / Re: BTC has hit ATH against Turkish Lira on: August 06, 2020, 07:59:12 AM
Bitcoin hit all time high against Brazilian Real BRL as well , a few months ago.

But this is more due to fiat devaluation than to bitcoin valuation,  as bitcoin would still need about 70-80 % more to reach it's all time high against dolar.

Bitcoin was a very good hedge in this pandemic crisis for developing countries,  which fiats suffered a lot.

This is true. Bitcoin hitting ATH against a currency at the moment says a lot more about that currency than it does about bitcoin.
Bitcoin is however still a huge gamble in the short-term due to the volatility of which we're all aware. Perhaps in the long-term bitcoin can become a viable safe-haven and store-of-value, but it is certainly not there yet. Whilst crypto has done better than fiat in some nations recently, this does not mean that the situation will remain like this over the longer term.
2916  Bitcoin / Bitcoin Discussion / Re: What Is Best Course Of Action? on: August 06, 2020, 07:30:11 AM
Should I just keep buying and HODL and keeping my Bitcoin for a rainy day?

Or is trading is back and forth to stable coins and trying to make more gains a good action plan too?

It depends on how good you are at trading. If you haven't done any before, then try trading with small amounts and see if you can make more profit than loss.
One compromise strategy is to generally hold, but then whenever there is a huge and obvious market downturn, sell everything and buy back in at a lower point... so you are trading infrequently, but over the long term still make a considerable profit.
2917  Economy / Economics / Re: US economy suffers worst decline as GDP contracts by 32.9% in the second quarter on: August 06, 2020, 07:17:55 AM
What I'm hoping is that these numbers temporarily reflect the consequence of the COVID-19 shutdown and that the contraction eases in the upcoming quarters as people start getting back to work.
It is difficult to predict, as obviously the economic effects of an event can be felt long afterwards. We also have to consider whether there might be any partial or localised lockdowns in the future as the number of new cases remains high. Also, easing of lockdown and people returning to work might just mean that the damage stops getting worse. In the US this is complicated by the upcoming election. You might imagine that Trump will do anything he can to prop up the economy and make it look good in the short-term, with the longer-term effects of this only being felt after the election.

the odd thing is that I'm not seeing a lot of people around in the stores and such.  I'm assuming that might be because people are getting stuff delivered from Amazon and the like. 
Same here in the UK. Lockdown is over, but city centres and out-of-town retail parks are still extremely quiet. Some businesses remain temporarily closed, some have closed permanently. People are allowed to go out, but aren't. The government is giving people 50% off prices for eating out on certain days - but the restaurants still look fairly empty. People know that the virus is still out there. The economy here will not recover any time soon.

Yes, I suspect that as everywhere else, there has been a surge in online orders. But this works disproportionately in favour of Amazon etc.; bricks-and-mortar businesses still suffer. And this effect is amplified by the fact that office workers are still working from home. Businesses that rely on city centre foot traffic will find it difficult to survive.

Finally, each day brings new newspaper headlines of some big multinational company shedding huge numbers of jobs. Partly from necessity, no doubt, but also I'd imagine to an extent many are using CV19 as an excuse to make huge 'efficiency' savings to reduce headcount for the benefit of shareholders.

Crisis always accelerates change, and this is a major crisis. Working patterns and online retail may have changed forever.
2918  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH to hold now or not? on: August 05, 2020, 11:13:45 AM
It is certainly worth holding ETH at the moment. This coin is the main reason for the prices rises we've seen across the board recently. There is of course no way of knowing how high it will go, and $400 has ben a difficult threshold in the past... but if ETH can break through and hold above that point (and we are so close at the moment), then it looks very good for the future.
2919  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH 2.0 Testnet is a go! on: August 05, 2020, 09:01:48 AM
What will the price reach by the time the mainnet goes live is 2 months?

Difficult to say how much is already priced in. Remember all the FOMO about bitcoin halving, but everyone knew it would happen, and it was factored in well ahead of time. Likely we will see the same with ETH 2.0. The only thing that complicates matters is that we don't know how much of the current rise is due to anticipation of 2.0, and how much is DeFi.
But whether or not we see an immediate rise for ETH after 2.0 goes live, the future does look very strong for Ethereum.
2920  Bitcoin / Bitcoin Discussion / Re: Thoughts on new ATH on: August 05, 2020, 08:50:57 AM
I'm not sure we'll reach a new ATH any time soon. And probably that sort of sudden, meteoric rise is not desirable anyway as it wouldn't be sustainable. It is probably better to have a slow, steady rise... that way we avoid the huge downturn like we saw in 2018. So I would hope that when we do get a new ATH, it is more like $30k than like $100k. And I suppose in theory, if the movement is slower, then as there is time for adoption to increase, then volumes will increase too, and we will see less volatility. I just don't think we should want too much, too soon.
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