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2981  Economy / Economics / Re: Gambling with China and US on: February 12, 2022, 11:03:28 PM
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The leaders of the Pacific should cease this opportunity and get the best economic deal. Since both China and US wants their partnership, these leader should consider the offers from both parties and secure the best deal. I am sure the Chinese would visit immediately after the American Secretary leaves the Pacific.

You are absolutely right, a new area of economic competition (not an open war yet) is the Pacific area. On one side, you have Japan, Australia and the US and, on the other, essentially the China of Xi Jinping. Russia is around yes, but does not seem to have a major part.

It is only natural that China exerts an increasing influence as it grows and the population demands their share of world resources and it is no less natural that the US and others use all their diplomatic resources to maintain the status quo.
2982  Economy / Economics / Re: US national debt exceeds $30 trillion on: February 11, 2022, 09:15:09 PM
My thinking is a follows: There are some situations in which it is great to have debt and to be able to extend your credit. Among these, the first one is dirty cheap money, which is now the case - not to mention if it is European debt, that actually has "cash back" in the form of negative rates. The other one is high inflation, which reduces your debt strongly just by letting time go by.

As long as the debt super-cycle holds at world level, US is just on the right place - at risk of overdoing true.
2983  Economy / Economics / Re: Your opinion on side jobs on: February 11, 2022, 09:09:11 PM
A side job is very important not only to create an additional stream of income, but also to be able to have something that you can do in case your main source of income is failing. It is even better if the taxation in your country of residence is not too stringent on how much can you keep. Some countries put extra taxation if you have two jobs and some other have a very heavy taxation if you go above a certain salary and it may not be worth to do extra.
2984  Economy / Economics / Re: Perfect solution to keep markets alive and pump going on repo idea on: February 10, 2022, 09:14:27 PM
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Merit 4 sure if you understood how good idea is this !

Have 1 merit for your posting history, not as much for the "idea" - but do not ask for merit, some people will put you on ignore just for that. It is however, in my view, not based on correct assumptions, particularly that inflation in Europe is not that bad and that interest rates will not work on Euro or that market actors are interested in lowering the US inflation or that it makes any sense to buy Euro repos when they are offering negative interest rates.

Well, keep up good posting.
2985  Local / Español (Spanish) / Re: Compañía de El Salvador crea un cajero para comprar bitcoin sólo para monedas on: February 10, 2022, 12:56:15 PM
Mira, quizas una de las cosas buenas que traiga para El Salvador todo este asunto de hacer bitcoin legal tender es que haya empresas interesadas en desarrollar sus propias patentes y redes comerciales y eso podria dar un viso de esperanza al pais. Pese a las criticas, muchas justas, al gobierno, cabe decir que al menos estan intentando hacer algo de valor que pueda mover la economia en una direccion que de esperanza, se materialize o no. Es como este cajero: es mejor que nada.
2986  Local / Español (Spanish) / Re: Se recuperan 3.600M $ en BTC, procedentes del hackeo a Bitfinex on: February 10, 2022, 12:27:09 PM
Hay un artículo del Wall Street Journal que detalla un poco más los aspectos que llevaron a su detención.

Por lo que cuentan, utilizaron AlphaBay en su momento con parte de los fondos. Dicha web fue cerrada por el FBI en el 2017, y el artículo especula con que este fuese el origen de su identificación, a partir de los logs del site. Usaron además múltiples Exchanges con cuentas creadas con identidades falsas, pero tirando de chainanalysis, lograron enlazar gran parte de la información, y a la postre, me imagino que con cruces de IPs con los proveedores de internet, llegaron a dar con la identidad y localización de los detenidos (ahora en libertad con pulsera en su domicilio).

...


En esto de afanar dinero del projimo tambien hay algunas reglas basicas que han incumplido y por eso les han pillado. La primera, tienes que robar suficiente para que valga la pena, sino para que. Segundo, tienes que elegir muy bien a quien robas: Mafia - mala idea, Gobierno - mala idea, ... etc.

Tercero, el dinero tiene que ser suficiente para que no te encuentren y no tanto como para que te busquen toda la vida. Esto ultimo ha sido un error por parte de ellos.
2987  Economy / Economics / Re: The gold confiscation of 1933 on: February 10, 2022, 11:59:18 AM
The Turkish government said that they are developing something to “encourage” people to convert their Gold into worthless Lira. I believe “encourage” is used to replace the word “confiscate”.

To Turkish Bitcoiners, educate your friends and family about Bitcoin, teach/help them convert from Lira to Bitcoin, and how to secure their keys.

Without a source, I cannot assert anything to your comment, but I would not be surprised if the government, who has followed a notoriously unorthodox monetary policy on regards to managing inflation by NOT raising interest rates, has to make now a last stance before the currency finally crumbles full-on into a galaxy-sized hyperinflation. Confiscating gold and other assets would certainly not be out of the scope.
2988  Economy / Economics / Re: Russia to make bitcoin a currency on: February 10, 2022, 11:45:45 AM
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If the president had not made his own research, the Central Bank of Russia might have succeeded. After the good news from Vladimir Putin, Russia wants to make bitcoin a currency.
...

I could not help but chuckle at Mr. Putin not "doing his own research" bearing in mind that he is an ex-KGB Smiley and notoriously known for keeping tabs on pretty much everything and everyone. Regarding the benefits of bitcoin, there is an economic point on liberalising bitcoin trade, taxing and managing it, but the fact remains that it concedes plenty of autonomy to people and that is seldom to the like of the centralised authoritarian governments.

I hope I could believe it.

2989  Economy / Economics / Re: Impact of Bitfinex hack on the economy on: February 10, 2022, 11:42:44 AM
The impact will be on credibility of exchanges and in the safety. Also the general public may think that crypto is "dangerous" or "risky", but I got the feeling that it is anyway the case. As always, your keys you bitcoin and anything else is running an unnecessary third party risk in the form of custodial intermediaries. The lesson that has to be learnt over and over is that if you hodl a significant bit of bitcoin you should not have it on a exchange or at least not in just one exchange.

Other than that... there may be a dip in price, so excellent to buy more.
2990  Economy / Economics / Re: agriculture and bitcoin on: February 10, 2022, 11:35:24 AM
There is no direct correlation between agriculture an bitcoin. You can use crypto in general to make transactions and improve the underlying economy if you are in a country in which the local authorities levy too much tax or if the currency is continuously being devaluated due to irresponsible economic policies. You can profit from bitcoin revaluation, if that happens if you can save earnings in bitcoin making the business more profitable.
2991  Economy / Gambling discussion / Re: What websites you use for live scores? on: February 09, 2022, 08:52:00 PM
Good question, but this is only for people who actually bet on several games or are betting live  on multiple sports. For me betting is more of a social activity, some short of side competition to play with friends and make it more interesting, so insofar as scores I simply watch the game I have placed a bet on, so that is actually where I get the score from like many people I know,
2992  Economy / Gambling / Re: Can you manage gambling addict by taking drugs? on: February 09, 2022, 08:45:32 PM
I guess that is very dependent on why the person is gambling beyond what could be considered acceptable o why is it creating problems in their life. Some personalities are self-destructive and addictive and there is little that drugs can do for them, in general they will make it worse, but if it is due to nervousness or stress it may be useful to get prescription and legal remedies. Most of the times therapy would be more about psicology.
2993  Economy / Gambling / Re: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos on: February 09, 2022, 08:40:31 PM
How does it make sense to have a withdrawal fee at all?? Seriously, the money is mine and you are not entitled to charge me anything that is in excess of the real cost of a service, which normally is near nil. Perhaps we are too used to everyone out there putting a toll on our finances, starting with the banks, the exchanges a the casinos. And I could even understand a commission from a bank, but no more.
2994  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: February 09, 2022, 08:32:42 PM
You can't blame Xavi Hernandez for the failure of Barcelona not qualifier for the champions League knockouts stage, before xavi came Barcelona are already in a difficult state to qualify so is not his fault, since he came the performance has improved and they are grinding out results, with the signing of Torres, Adama Traore and Aubameyang I think they can only get better.
For the achievements that have been shown Barca are still lacking with their new performance. Now Xavi will continue to improve for the sake of the stability of his players. The victory that Barca got in the match with Atletico has changed a little people's point of view which relatively wants Barca to sink first. Here Xavi still has a long way to go and will continue to target bigger ones. So that Barcelona performance doesn't go down, preparing for the match with Espanyol is the show we've been waiting for.

Barcelona are unbeaten in their last 7 matches in La Liga. However, they have lost two crucial matches against Real Madrid and Athletic Bilbao. However, in La Liga they are quite a consistent team. Since Xavi's main goal at the moment is to stabilize the team and qualify for the Champions League, I would say Xavi has been successful so far. The team's performance has improved, now they can beat any strong opponent in the future only if they can maintain the continuity.

Too little too late. There is only hope of getting into some of the European competitions but this year has been a disaster not only on the field and even not only with relatively small teams. on the positive side, at least they may start re-purposing the team and getting ready for a successful next year of competition as this one is lost. Also, the mismanagement that recently was exposed in the courts of justice may hinder morale.
2995  Economy / Gambling discussion / Re: Sportsbet in probelms for unwanted gambling advertising on: February 09, 2022, 08:24:09 PM
Interesting, another case of unwanted email that results in a serious nudge on the head. I wonder if this would be the same if the company in question would not be as related to an activity that is always under particular scrutiny and has bad press by default with many people speaking about unwanted effects rather than the jobs and economy that it generates. Seems quite unfair compared to other business.
2996  Economy / Economics / Re: Times Change! on: February 09, 2022, 08:12:25 PM
You can argue is a case of fake it until you make it. As contradictory as it may seem, wikipedia may be right in both instances. There was a time in the past in which bitcoin could be called a scam and there were some good reasons such as insufficient adoption, untested software and mechanics,... fortunately that has change and it is great to know that WP accepts donations in bitcoin, altough I am not sure how many will get after calling it a scam.
2997  Economy / Economics / Re: Dominance and Robbery, the money game of btc dominance (keep updating) on: February 09, 2022, 06:08:12 PM
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Just a conspiracy theory at most, nothing like a proof or the like. I think that you need to consider that bitcoin is strong because the community is very strong and it has been so since a long time, thus miners, exchanges and whales can certainly modify markets to suit their purpose. If they have large bitcoin holdings they will certainly use them to their advantage.

However, I do not think that bitcoin dominance or alts failing when times get though are related to it.

Please, kindly use regular size text. We can read quite well and your argument is not better if in red or bold.
2998  Economy / Economics / Re: The U.S. is considering a radical rethinking of the digital dollar (CBDCs) on: February 08, 2022, 12:49:34 PM
I agree at least with the conclusions, this is not about being first but about getting it right. The economic spheres of influence and the confidence on a certain currency do not change quickly except in events of war or other catastrophic situations, so the fact that the Yuan is digitised first will not make a significant impact on the large movements and big financial actors confidence or uses.

By the way, cutting the middleman as in not banks?
2999  Economy / Economics / Re: Is it just me or people are out of liquidity ( money ) ? on: February 08, 2022, 12:46:30 PM
Again another topic on "people out of money". The large movements in the markets are clearly marking a stop (maybe even a end) to decades of cheap a free money for all. This clearly means that anything priced in fiat will fall as there is simply less fiat. Not as much "people" being out of money, but rather a whole system that is actually pulling back from an stimulus overdose.
3000  Economy / Economics / Re: Caentral banks rate rise could be biggest bluff on: February 07, 2022, 06:30:33 PM
It could be biggest bluff in history in scale u can only imagine.
If they let fiat die anyways and replace with crypto then there is no need for the rate rise.
It could be temporary rate rise just and after that they might cut rates even more.

I dont think they really let markets to die like this and central bank all rich friends will suffering as no more free money for the wall street its unlikely the case here.

The current rate rise could be the biggest bluf and con fraud in our history.
And more weak hands will give away their assets in fear of rate rise and drop in asset prices.

For temporary moment yes rate rise will take away inflation but once inflation is under manageble level then they could lower the yields and rates even more we could imagine.

Quite a mix of concepts here... CB bluffing, crypto replacing fiat and weak hands giving away they hard earned wealth. And, to make it even funnier, you end saying exactly the opposite of what you started with.

By the way, asserting that something "could be" is the same as saying nothing, as you could as well be saying that "may not". This is something I hate about current trends in news, which is in essence making up something without real data to back it up, like most of your post.
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