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2941  Local / Pamilihan / Re: ♛♛♛The Finals - NBA Prediction Tournament♛♛♛ on: June 07, 2022, 01:04:05 PM
4th Runner Up:  sponsored by Darker45 (for clarification but in case of cancellation of commitment, host will shoulder P500 in btc)

Finals na pala di ko pa napapadala yung kaunti kong ambag. Siguro dahil di naman ako kasama sa mga participants. Grin

Wala pa pala akong sinabing amount dun sa pledge ko pero since nakalagay na ang ₱500 para sa 4th runner-up yan na lang din ang ipapadala ko. In pesos na rin siguro yung ambag ko, hindi na in BTC. Tsaka thru Gcash na rin para iwas fees. PM ko na lang si OP.

Sana sa susunod meron pa ring ganito. Masaya to, lalo na't kasama ka sa mga participants. Willing pa rin naman akong magshare kahit kaunting amount para sa mga papremyo.

Maraming salamat, OP! Good luck sa lahat ng kasali!
2942  Economy / Economics / Re: Food crisis coming? What's wrong about it? It could be good on: June 07, 2022, 03:19:32 AM
Zzzzzz. Survival of the fittest my a*s. If only this is truly about survival of the fittest, I'm 99% sure majority of the people in your developed country would perish much much earlier than many in the African continent.

If there's somebody living in a fantasy world here, it is you. You who think that it is perfectly all right for poor people to starve to death while you indulge in your pasta. You who think that the African people don't deserve a good life as much you do. You who think that in the name of a finite world the poor could die while the rich could continue to enjoy life.
I had to laugh at your reaction, because it reminds me of me--but I'm not lolling at the substance of what you're saying, because I agree with your opinions.  Maybe not the one about developing nations perishing first (but that could be true), but certainly about Africans deserving a good life just as much as the rest of the world--they do; all nations do.

I was only arguing along the line of a truly survival of the fittest situation. If a global food crisis -- which OP talked about -- resulting to extreme hunger descends equally upon everyone, many of the people in Africa would definitely live a lot longer than many of the people in the most developed countries. My belief is that the hunger tolerance of people who have known hunger all their lives is way higher than those who have only known abundance. Not to mention the kind and quality of food and water, level of comfort, and the overall living condition.

Quote
Hell, I'm even fantasizing about moving to Zimbabwe to build a signature campaign HQ castle for Christ's sake, so you know I'm in Africa's corner.  The only problem with famine hitting Africa harder than the rest of the world would be some of the governments.  IIRC, it was those governments that facilitated the famine that hit parts of Africa in the 1980s (remember USA For Africa?  Probably not, but look it up.), not necessarily the people being unable to farm.

It would really be interesting to follow that fantasy of yours translated into reality. Perhaps listing that at the top of your bucket list is a good start. I'm sure you'd live like a don there. Worry not about famine, I believe you can get out pretty quickly anytime. If not, your country would definitely look for you and get you out.

USA for Africa as in We are the World?

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But that's always the case, and it'd be true for the US, Europe, and other places as well should there be a food crisis.  People would be at their government's mercy if they tried to produce their own food.  I'm hoping this is all just unrealistic fear, but I'm not saying it never could or won't happen in the near future.

I'm not sure about this, but I surmise somebody or a group of people must be benefiting a lot from all these food crises and hunger and poverty. Regardless, self-sustenance is always a beautiful goal.
2943  Economy / Economics / Re: Trouble in paradise for India? on: June 06, 2022, 03:08:47 AM
Well, that has always been the case in this globalized era. One problem somewhere in the farther part of the world could create ripples that could affect in a number of ways many other countries. Sometimes it is surprising that it still surprises us. At least that's my reaction when I bought a small butane canister a month or two ago and the price was around 25% higher. It was said to be an effect of Russia's invasion of Ukraine. I was taken aback knowing that I'm living in a small Southeast Asian country far away from Europe. But then...
2944  Economy / Economics / Re: Decentralized control of Cryptocurrencies on: June 06, 2022, 02:35:43 AM
Well, as noorman0 pointed out, it depends on where you are coming from. If I am to put myself in the shoes of the central bank governor or the finance minister or even the president or perhaps even the CIA or FBI director, this lack of control is a big problem and should be solved. This decentralized currency will either be controlled or stopped. But coming from somebody who is fed up with all these controls, it is best to just let it operate as an alternative currency.

But the more interesting question is, could it be controlled or stopped? But leave out the rest, we'll only talk about Bitcoin.
2945  Bitcoin / Bitcoin Discussion / Re: Kenyan energy company entices Bitcoin miners with geothermal power on: June 06, 2022, 02:06:27 AM
~snip~

Thanks for the effort of illustrating your point. But that's the same line of argument. The same set of words translated into a picture. Again, electricity is a public utility. It is a basic service. Everyone deserves it however remote one's village or community is from urban centers. The government is tasked to ensure that the country's population have access to it and enjoy its benefits. The big difference between the government and private companies is that the former is service-oriented while the latter is profit-oriented. It could get involved in multi-billion projects without a direct ROI. That further means the former, unlike the latter, doesn't always measure things in monetary gains or even numbers. We have an island somewhere in the middle of the ocean hundreds of kilometers away from the mainland with only less than a couple hundred citizens in less than 50 families. Although its people cannot enjoy the kind of lifestyle large cities could offer, at the very least the National Power Corporation provides them electricity.

Apologies, OP, for the off-topic discussion.
2946  Economy / Gambling discussion / Re: 🙏 Need HELP! Payout on horse racing: 5-1 ODD's. How much should I be paid on: June 05, 2022, 02:07:28 PM
I don't bet on horse racing so I am not that familiar with its rules, or whether there are peculiar rules involved. Even the odds format is not the usual. But 5-1 is quite easy to interpret. It would either be your $100 would become $500 or it would win you $500. Either way, since you placed 5 units it must at least be 25 units not 12.5, which is only half of what you should have received.

In fact, if Ontario Racing applies the same rules, your 5 units should give you 25 units plus your original bet, which means you should be receiving 30 units all in all.

"Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $2 – for a total of $12."[1]


[1] https://ontarioracing.com/betting-101/understanding-odds
2947  Economy / Gambling discussion / Re: Can You See Or Tell If A Fight Or Event Is Fix ? on: June 05, 2022, 01:09:20 PM
I can only suspect, but cannot conclude right away that the match or game is fixed. It is actually hard. But it is easy to spot questionable moves or decisions. But these moves or decisions could actually be due to a lot of factors like pressure, strategy, injury, panic, and many others.

The latest fixed games that I remember watching was a regional basketball game and a Southeast Asia DOTA match. The very bad moves were so obviously intentional that you could really suspect something fishy could be going on behind them. But even so, there were still formal investigations launched, which officially declared the matches rigged. Punishments were then imposed.
2948  Bitcoin / Bitcoin Discussion / Re: Kenyan energy company entices Bitcoin miners with geothermal power on: June 05, 2022, 12:24:06 PM
I find it a little ironic that the country's main electricity producer is inviting Bitcoin miners to take advantage and purchase its excess power capacity when 30% of the population still doesn't have access to electricity.[1] Secondly, the producer is offering excess power which is generated from free underground heat and yet Kenya has expensive electricity cost. I don't know, I somehow find this invitation a little odd.


[1] https://tradingeconomics.com/kenya/access-to-electricity-percent-of-population-wb-data.html

30% do not have it due to distance.

and now you been schooled in why 30% are not supplied.

I know. It must be the distance. Nobody needs to be schooled about it. My country, and probably a lot of other developing countries as well, actually shares the same problems with Kenya when it comes to challenges in electricity distribution, especially in remote villages and rural areas or what my country classifies as GIDA or Geographically Isolated and Disadvantaged Areas.

However, simply citing this distance challenge is more of an excuse. It is oversimplifying things. It has to be further qualified. And it is not and cannot be acceptable. When a government is confronted with a high number of its population having no access to electricity, challenges have to be broken down into factual and specific details. The president can't just be told by his/her energy secretary, "it's distance, Mr. President," and the discussion immediately stops.

Electricity, after all, is a basic utility, a basic public service. And it means more than just a light bulb inside the house or a light post on the street. It cannot even be reduced to a simple mathematics of investment versus return. In my archipelagic country, a small distant island with a relatively small population and without any industry, cannot just be deprived of electricity. And many of such islands are with electricity.
2949  Bitcoin / Bitcoin Discussion / Re: Kenyan energy company entices Bitcoin miners with geothermal power on: June 05, 2022, 09:38:36 AM
I find it a little ironic that the country's main electricity producer is inviting Bitcoin miners to take advantage and purchase its excess power capacity when 30% of the population still doesn't have access to electricity.[1] Secondly, the producer is offering excess power which is generated from free underground heat and yet Kenya has expensive electricity cost. I don't know, I somehow find this invitation a little odd.


[1] https://tradingeconomics.com/kenya/access-to-electricity-percent-of-population-wb-data.html
From this it seems like they are only interested in making profits out of the miners by imposing taxes on them and earn through them with providing them electricity that they should be providing to the normal residents of the country.They are inviting miners which is good but this should not happen at the cost of people's need there as they are suffering without electricity.So they should focus on these matters also while adjusting mining capabilities.

Some people that do not access electricity in Kenya will be people that are villagers, Kenya is one of the countries in Africa with good electricity, when the largest electricity producer in Kenya knows that it will be profitable for them and profitable for miners, they came up with the good idea. United States has one of the most expensive electricity in the world and have the largest bitcoin miners, the PPP in US is higher than in Kenya, I think this will be good idea.

https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/

I suppose good electricity and good access to electricity are two different bananas. And while the US has indeed quite a high electricity cost in average, Kenya has higher. And despite the high electricity cost, the US has a hundred percent access to it while Kenya has only 70%. Moreover, the impact of the electricity rate of a country will highly depend on the economic capacity of its population. In which case, Kenyans are definitely burdened a lot more than the US people.

Anyway, I'm not discrediting the profitability of the idea of the electricity producer. However, there must be a whole lot of other conditions which matter so much in the overall success or failure of this idea. The overall business environment of the country is going to be a big factor as well.
2950  Economy / Service Discussion / Re: Former head of product for OpenSea indicted after insider trading scandal on: June 04, 2022, 03:38:46 AM
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.
2951  Bitcoin / Bitcoin Discussion / Re: Kenyan energy company entices Bitcoin miners with geothermal power on: June 04, 2022, 01:58:17 AM
I find it a little ironic that the country's main electricity producer is inviting Bitcoin miners to take advantage and purchase its excess power capacity when 30% of the population still doesn't have access to electricity.[1] Secondly, the producer is offering excess power which is generated from free underground heat and yet Kenya has expensive electricity cost. I don't know, I somehow find this invitation a little odd.


[1] https://tradingeconomics.com/kenya/access-to-electricity-percent-of-population-wb-data.html
2952  Other / Beginners & Help / Re: Bounties and Airdrops on: June 04, 2022, 01:20:00 AM
I haven't been checking bounties and airdrops lately, but I reckon it's not anymore as decent as years ago. You can easily notice here in the forum how bounty signatures are not as widely seen as before. Most of the signatures that I can observe these days are Bitcoin-paid campaigns. As you can read from the other replies, it might not be worth it anymore. But there might still be a handful of good ones every once in a while. By good, I mean they pay you and with tokens which are a little better than completely worthless ones.
2953  Economy / Service Discussion / Re: Former head of product for OpenSea indicted after insider trading scandal on: June 03, 2022, 08:30:42 AM
I am not quite sure where to share this news, however, Opensea marketplace is more on topic in service discussion than altcoin discussion.

In general, all of these discussions are not related to Bitcoin, so the appropriate place is Altcoins board.

I also think this isn't about a Bitcoin-related service discussion. But I also don't think this is an altcoin discussion. So I guess this should belong to Service Discussion (Altcoins).

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.
2954  Bitcoin / Bitcoin Discussion / Re: US energy company opens mining facility in Middle East to use stranded natural.. on: June 03, 2022, 07:53:14 AM
This is the same company that recently partnered with ExxonMobil with the same goal of putting into productivity a good amount of excess gas that would otherwise just be wastefully burned off. It seems they're making significant success in this venture. But the potential is still huge. After all, there's still so much wasted gas out there. Year after year, at least a hundred billion cubic meters of gas is just wastefully flared.

This is apparently good news but this is not turning green. So this doesn't go along with the goal of reaching 100% green energy for Bitcoin mining.
2955  Economy / Gambling discussion / Re: friendly and profitable board for beginners, have you realized it? on: June 03, 2022, 06:55:30 AM
That's good to hear. But you should also be careful in placing bets based on other people's predictions. I think it's better not to make it a habit. It's also good to keep these bets small.

There have actually been users here who would suddenly post predictions claimed to be accurate. Some of them would even claim that their tips are coming from reliable sources who are themselves involved in match fixing. Some are also giving away a few free predictions while selling the rest through an exclusive group or channel.
2956  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: June 03, 2022, 06:27:58 AM
That a country exports more than it imports could suggest a lot of things. Yes, it could be seen as a good arrangement. But it could also be seen as bad.

In Russia's case, the economy is largely dependent on crude oil, petroleum, gas, and coal that it exports to other countries. In this arrangement, partners are everything. The moment these partner countries say, we're not accepting your products anymore, is also the moment the economy suffers.

And the way Russia is behaving right now, it is losing a lot of country friends, most of which are trade partners. China could increase its demand and it has already done so in the face of sanctions imposed on Russia, but is it enough to make up for the entire EU's demand?
2957  Economy / Collectibles / Re: [AUCTION - 3 LOTS] Graded/Redeemed AG 1oz Titan .1 BTC Coins on: June 03, 2022, 03:01:38 AM
Lot 3 : 0.003BTC
2958  Other / Beginners & Help / Re: Learning from the dip on: June 02, 2022, 04:10:58 AM
While the entry matters, the exit matters more. So even if you fell to FOMO, or used all your investment money in a single purchase, or have bought the dip only to see further dips after that, just make sure you don't give in to fear or panic. You will always be rewarded for HODLing and for being patient. Sooner or later. Just stop wishing to become rich overnight. It's one of the main reasons why a lot are disappointed.
2959  Bitcoin / Bitcoin Discussion / Re: Computer Scientists say Crypto Industry is Misleading??? on: June 02, 2022, 03:29:58 AM
To a significant extent, they are correct. Indeed, the crypto industry has a lot of misleading claims. The claim of decentralization is one but foremost. And the industry has since been promoting and selling all kinds of products and services which are said to be decentralized. Crypto laymen might be enticed because of this magic word without knowing that it's just that, a word.

Blockchain is another prostituted term in the crypto industry. What's the big deal with this new kind of database? Security? Not really. Just hours ago, a largely popular blockchain, Solana, shut down.

And indeed, people are wasting not millions but billions in avoiding the banks and embracing DeFi.

Well, at least I haven't read the word Bitcoin in the article.
2960  Economy / Economics / Re: Bitcoin Education:Can You Volunteer in El Salvador or Central African Republic? on: June 02, 2022, 02:47:05 AM
I would, who wouldn't? That is, if I really have something to offer. But since I've only got the basics, I'd rather not present myself.

But I don't think the main problem is Bitcoin education. It must be a problem, of course, but a minor one I suppose. To ordinary citizens of El Salvador and the Central African Republic, there must be a lot more pressing concerns and issues, ones which directly involve their day-to-day lives, that they need to devote their energy and time into. So the question of which currency is better and why will have to take the backseat.
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