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2981  Other / Off-topic / Re: Facebook Plan To Rebrand Name To Meta on: October 30, 2021, 07:01:36 PM
The rebranding corresponds to more than one factor. Firstly, the inevitable slowdown in growth - social networks have an element of fashion and novelty and Facebook's got nothing left of that. Secondly, the damage dealt to their image by yearly scandals and whistle blowers. Thirdly, a real intent of the company to transform itself to be able to grow further.

This third element is not a distraction, Facebook and other companies are considering seriously the "metalifes" or "metaverses" (think of second life as example) as their future and they are very serious about it. Facebook routinely tests products and changes and my take is that they are going to throw weight behind the metaverse idea.
2982  Economy / Economics / Re: Financial Stability - Get yourself non ending economic circle. on: October 30, 2021, 06:53:50 PM
Most of the proposed sources of income are pretty much free markets, with little barrier to the entrance of new business or people, except perhaps working in the forum which done properly, requires a seasoned user. This means that getting to have a profitable youtube channel or earn socially requires an investment of time or to have somehow an unique point of view or perspective that makes people interested in what you publish.

Staking and farming are also free markets, rarely with exceptional profitability. None of these sources are for all and many are nearly impossible to use.
2983  Economy / Economics / Re: Will we see new ATH this year? on: October 29, 2021, 02:22:09 PM
An another ATH this week, I am always amazed about how even relatively small projects or ETF ro funds getting into bitcoin cause massive increases in price. This leads me to think that there is still some short of golden age in terms of price for bitcoin - contrary to my previous belief of a slow decline in interest and more movement towards others that are more to the like of newcommers.
2984  Economy / Economics / Re: $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 28, 2021, 09:37:09 AM
Be aware of the buzzwords little grasshopper. Life extension, blockchain, fund,... Red alerts flashing all over. Should anyone wish to invest in real research on human life extension, feel free to have an in-depth look at a side of Google that is not that well know to the general public: "Google Other Projects", this includes research in AI, self driving cars and... medical research in life extension.

Not that many people know that eh? Wink
2985  Economy / Economics / Re: Valour Launches World's First Fee-Free Bitcoin Exchange Traded Product (ETP) on: October 27, 2021, 10:08:32 AM
Good news. Most countries in the west do allow investing in other jurisdictions, so effectively Europe may be taking the lead and being less restrictive than the US. I think that the real revolution would come from China actually allowing their citizens to invest their money safety. I obviously mean the average citizen. But meanwhile, we will now have another alternative. I really hope it gets approved to be used in tax wrappers in different states.

Quick question, when I see zero fees my next question is how do they earn their living? What would I pay for?
2986  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Where to find the market cap of a token on: October 27, 2021, 10:04:40 AM
I know that on CoinMarketCap you can find the total capitalization of a coin/token, but often this kind of data is not available because, maybe, the project is too little or, in the worst-case scenario, the project doesn't want this data to be visible (sometimes they use "self-declared" information about the market cap).
...

Could this be an acceptable solution to have, at least, an estimate of total capitalization?

The answers is it depends on the project, but yes, it is relatively simple in most cases to find the market cap. First, see what markets does the token trade at. If it does not trade anyware, there is no marketcap (you could say its value is zero, as nobody is buying). Else, do a weighted average of the prices paid in the day and multiply by the number of tokens or coins outstanding. You should be able to do so in the project's block explorer. If they do not have a blockexplorer nor a way to see number of outstanding assets... then value is zero again.
2987  Economy / Economics / Re: Elon musk now the richest man in earth on: October 27, 2021, 09:55:38 AM
I am far from being a fan of Elon "the man". I am however very impressed with the trajectory of this guy, who undeniably had the benefit of an advance education and a well to do environment, but was able to take high stakes risks and led the project (e.g. Paypal) to fruition where many failed.

Tesla has many advantages over the competitors as of now, but no castle resists the passing of rain seasons and China may throw a lot of weight behind producing a good quality electric car.
2988  Economy / Economics / Re: When will the role of fiat currency disappear against crypto. on: October 27, 2021, 09:52:18 AM
Faith currency has been in existence for a long time know I do believe you are aware and there is no way Bitcoin or crypto currency can any way eliminate it completely, and if you are waiting to to see a day such will happen then you will continue to wait till eternity because it will not come to pass. The measurements of Bitcoin and crypto currency generally are all on the faith currency and that was why they have values, for without faith currency, crypto currency will have no values quotes me any where brother.

A recurring topic indeed. No, fiat will not disappear since no government will allow a distributed decentralised system to take over their instruments of monetary policy. They are quite trigger happy to print money before elections and they are perfectly positioned to choose the legal tender that they consider more interesting for controlling the economy.

It is sad that such a powerful instrument is being used irresponsibly in many cases and, in may, with pure incompetence. 
2989  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof that airdrops never work ... on: October 27, 2021, 09:45:39 AM
Well... yeah, "that kind of proof". The airdrop is just a factor of many on how a token or coin will perform. They certainly create awareness and encourage people to open a wallet. Also they tend to create liquidity, admittedly sometimes the wrong kind of liquidity. However there is so much more to that to a successful project that stating that airdrops, in general, do not work would require a much in depth analysis.
2990  Economy / Economics / Time to foot the bill on: October 27, 2021, 09:43:22 AM
As I mentioned a while ago, and as it is obvious for everyone, the money printing and giveaways for furloughs and checks signed by "the president" party is not ended or about to end. And it is time for the hangover. Inflation rises, as it could not be otherwise. The private sector, particularly some sectors, are experiencing a demand of qualified workers and that means that salaries are likely to keep with inflation. However, the governments are playing with the idea of not keeping public salaries with inflation.

Depending on the country and the flexibility, this means that civil servants and public sector may become underpaid and those who actually have skills may leave to the private sector. As a result, I forecast that public services are going to deteriorate.
2991  Economy / Economics / Re: Reality Check on Crypto on: October 27, 2021, 09:37:46 AM

I am convinced that many of those people that are only looking for profits will come to appreciate the other characteristics of bitcoin and will eventually become to use it in their everyday lives.

I believe the set of generation of people that will see bitcoin as only an asset and not as investment opportunity or tool is yet not arrived. Almost every body that has bitcoin currently are doing so because of the investment value. Maybe back in the early years of bitcoin when it was used to buy pizza could have passed for just asset and hodling but currently it is invested on for profit taking.

I reckon that I would not be holding bitcoin if I though that it would not increase in value in the future, who would! However, bitcoin has some advantages to me when I have to move money from one country to another or when I need to have a reserve in case things go really wrong, I mean, at a catastrophic level of doom.

It is not my case, but I wonder if a refugee would rather stick a few diamonds up his ass to pass a border after fleeing or would he rather have bitcoin.
2992  Economy / Economics / Re: Permanent inflation or "just temporary" on: October 27, 2021, 09:34:24 AM
A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.

My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
The government appoints such educated officials to speak on these economical topics and they can mould the information to ordinary audience that they can presume that what they are saying is correct and they start to have some delusionary faith in them.Like this the inflation is temporary is not at all correct depending on the current government policies and how they tackle it like by printing more and more notes.But yes i agree with them that inflation is temporary and next permanent phase will be hyperinflation as deflation is becoming obsolete these days.They will issue such statements again and again but we are smart enough to have a look ourself on the charts.

...

So you see the red marks rising all over the world map? These are not resources increasing or gdp growth but rising inflation at fast pace.There is also another thing that inflation is temporary is right in context to say if it's 3.5% then next year it will be 4% and if they mean this then it's okay.At last the burden is imposed on middle class and working class and they are are majority of the population but still they face such situations.

BTCitcoin is the only solution for this.

I wonder how did they reach the conclusion that inflation in Russia shall be more than 45%. I think their economy is not doing great but at least they have plenty of raw materials and commodities and those tend to do well in inflation. Maybe I am just not used to this predictions.

I think I got my comment quite right, as I read recently on an UK outlet that

Quote
Minister refuses to commit to above-inflation public sector pay rise

An let the hunger games begin. Money printing bill is once more footed by the working class in the shape of increased SS taxes and, on top, lower salaries. Mastermove.
2993  Economy / Economics / Re: Bitcoins economic growth is enormous in India | Amazing Future ahead on: October 27, 2021, 09:24:11 AM
India is an eternal promise. A very populated country, namely, the largest democracy in the world (I do not know how strong or really democratic is tbh) that should be growing like crazy... yet is not. And it is not in terms of markets, GDP nor international relevance. It is very sad, but there are so many barriers that would need to be removed to enable the potential of India that it just seems impossible as of now to bet on it.

Glad to know adoption is good.
2994  Economy / Economics / Re: Would crypto gain full intrinsic value? on: October 27, 2021, 09:21:25 AM
Most crypto does not have anything you could call intrinsic value. Bitcoin does not have an "intrinsic value" because it does not produce cash flows and does not stand for a right for a product or service. As for others, I agree with the OP that most tokens and chains are far to ahead in time of the value they represent. eg. Ethereum value is the ability to execute distributed anti-tapering code. How much is that worth?
2995  Economy / Economics / Re: The Economic Gap has Exceeded the Tolerance Limit on: October 27, 2021, 09:17:50 AM
It is clear to me that socialism does work, just in small doses. Does France have McDonalds? starbucks? Sure they do, they are semi-capitalist that way, but they have free education and healthcare as well along with it. Just because you have one doesn't mean you suddenly become USSR.

Yes, you are perfectly correct. There is a huge gulf between Russian communism and European-style democratic socialism (which after all exists in a capitalist framework). This should be perfectly obvious to everyone, and yet it's not. Any new policy idea — particularly in the US — that is even vaguely left-of-centre is immediately decried by those in power and their acolytes as communist. The strategy is simplistic and moronic, but it gets stupid people riled up, which is of course the intention. See for example the hysteria over something as inoffensive as ObamaCare.
...

Obamacare seems like something that is already out of the box and natural for most countries. Even the UK, not a major suspect of socialism, has a Social Security system built decades ago (1948 or so) and provides free care.

Let's face it, the health care business is huge in the US and many people consider that each individual should care for him/herself. There is not a culture of a state caring for the citizens, whereas in Europe the culture is opposite. The arguments used by the HC sector are:

- The HC will be shit. Huge queues, poor attention, people not getting treatment...
- The doctors want to keep making huge $$$ (some of them). A free HC means that you will pay less and will probably need to form more doctors.
- The insurance companies are simply scared to death. It is their business to get paid for HC (and deny claims as much as they can). They threaten with rising the premiums.
- In general, there are many people that do not consider that HC is a right, and everyone is to care for their own.
2996  Economy / Gambling discussion / Re: Issue of fixed Matches on: October 27, 2021, 09:04:14 AM
Fixed matches mostly happen in lower leagues or amature leagues . But it can happen in the big leagues as well but only the team owners would know that its fixed,so if someone tries to sell you big teams fixed matches its an apsolute scam. Also you should avoid fixed matches because its almost always limited to just a few people.
This is true, and like always when it comes to scams we need to use our common sense, we know there are fixed games at all levels all the time, what we need to wonder is why suddenly a person will appear with information that supposedly gives us privileged access to that information? After all if someone had that information then they can make a lot of money for themselves without the need to share that information with you, this means that anyone willingly revealing that information to you is most likely a scammer.

And sometimes it would seem that the same persons have the higher ground over and over. Privileged information works all over the place, it is legal in some countries, such as Russia and illegal in theory in most, but it is inevitable that information leaks and people talk. However, that is one thing but actually fixing a result is a different short of cattle. Is not as much as using the information, but rather about creating a certain condition that is beneficial for those that are in the know.
2997  Economy / Gambling discussion / Re: Metaverse x Gambling on: October 27, 2021, 08:54:56 AM
...

Quote
Here’s how I know we’re early:

• Practically zero mobile support
• 70%+ users access web via mobile
• Wallets are complicated
• 99% + of the worlds population doesn’t know anything about NFT’s
• 90% + doesn’t use crypto

We’re very very early.
...

Under this argument you could say that cell phones do not have a future because 99% of the users do not know how to change an internal battery, they do not understand radiofrequency and are not familiar with HTML5.

That is not how it works, if something came clear from the 2000's internet revolution is that you just need to make things simpler and more accessible. Also, people become wiser as time passes and they adopt technologies because it offers them good value.
2998  Economy / Gambling discussion / Re: gambling addiction is getting real on: October 27, 2021, 08:49:51 AM
lost 20k in 2 days , used up all my profits from my portfolio , and i just wanted to keep on going . how you guys stop yourself from betting/gambling on casino ?

looking for ways to bet on sportsbook but not on casino , but stake does not provide the option for that .  Undecided

Wooo, sorry 'bout your loss. There are several techniques that you may apply but, eventually, all leads to you being in control. You can set a fixed budget or a fixed time and stop when you loose it. You can set a limit of time and stop right the second you plan to... If you have trouble stopping, you may consider asking a friend for help, kind of watch over you and tell you that you need to stop, our you can bet socially.
2999  Economy / Gambling discussion / Re: NO KYC Sportbooks? on: October 27, 2021, 08:43:49 AM
I would suspect any book that does not really as you a few questions, since something that sit outside regulations means that other legal matters, such as paying you or letting you withdraw money may also be taken as a ad-hoc rather than something you can take for granted. I am of course speaking about the money laundering regulations and such. Only a book that has been around for years could do the trick by replacing guarantees with reputation.
3000  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: October 27, 2021, 08:41:16 AM
I don't know why bookmakers are giving such high odds on a Barcelona win, but I will definitely take advantage of it! I'll even bet on Barcelona to win with a handicap (-1) for 2.4... Of all the personal meetings Rayo Vallecano has beaten Barcelona only 4 times, the last time was in 2002... Other times Barca has won and often with a big score! All the more reason for them to gain points!


I was curious and looked into it immediately and I found a very interesting thing, of course there must be a reason, I haven't found out more about what happened in Barcelona, ​​but I think this is a very interesting offer. I will also try my luck for Barcelona win.

Looks clearly wrong. Even people from Vallecas (Madrid) would tell you that "Rayo" is a neighbourhood team that is as much in La Liga than in the minor "Segunda Division" depending on the year, and even with this maimed Barca that seem up to no good, these odds are just ridiculous particularly for the draw situation. Should you want to get even more clarity, just look at the relative budgets of these teams.
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