Common, we've just had this 3 times in a row with the US government publishing inflation data, the moment numbers were all over the news the markets moved as one, bitcoin, stocks everything, just do an experiment and what the next moment when it's either the FED increasing the rates or the inflation numbers and see what happens in split seconds.


The time of shitty low-quality effort news has indeed passed, although even recently we have seen some really stupid things, like that completely fake news about Walmart accepting Litecoin or Amazon accepting Bitcoin that did help the price go up pretty fast even for a spike, but right now I feel like not even Tesla or even Mcdonald's accepting bitcoin again and in all locations won't make a real dent.
Everyone is focused on rates and inflation, I'm pretty positive that if we see inflation going down far more than anticipated, stuff like 1-2% lower than expected, which would mean no further hikes we might see a sudden pump to 30k in minutes.


Big players are even one step ahead of this, they have people watching statements in real-time and signaling as soon as the first number is spoken, the moment any author opens his editor to start writing the article about what has been decided the whales have already placed their bets, and by the time you finally manage to get the news from a 3rd party you're just whale food. Besides, any crypto "journalist" who has some hot insider info will first sell it to his circle, then publish it.

A bear has to do bear stuff 


I was half joking with that but only half, not that I would even plan on doing so but I remembered how used gear that was one step away from being sold at scrap metal prices suddenly become 5x more expensive than normal. Of course, I might get things wrong since at that time I wasn't mining and I wasn't following the pieces that close but didn't s9 spike from something like $75 to $500 and even over it?
But, as I said, I was half joking and 0 percent planning on doing it, but it was a fun thing thinking of!

I see Phil got lucky, the S19Pro are sold out,w what's left are the 95Th at $3230, meh!!!

PS
Also, just how much f^&^&^ spare power do you still have? 


When I go over reddit posts it starts to hurt my head from how much copium and denial some GPU miners are clinging to, people with tons of cards claiming not to sell because the next bull run will be here any moment, there were thousands making a few $ a day watching a video card mining and they simply can't let it go.
Magically someone will invent a new coin just so that they can make money again!

And how that's financial freedom work in real life?
https://reliefweb.int/report/el-salvador/el-salvador-central-america-mexico-migration-crisis-emergency-appeal-no-mdr43008-country-operational-strategy

Is that simple, people who don't have money can't have bitcoin cause bitcoin is something of value, whatever you consider it, an asset, a currency, an investment, and when nearly everyone in that country is almost near poverty or below poverty level then there is not going to be any major influx to bitcoin or another cryptocurrency because they simply can't do it! Remember how Bitcoin was supposed to save Venezuela, how it was supposed to fix every country from Argentina to SriLanka, how millions of Turks were rushing to buy Bitcoin years ago, how each damn country in distress was seen as a new way to prove bitcoin is a cue for all?
No, it's not, because it's not something magical!

Bitcoin is a tool, it's a thing that has value, that needs to be bought and used, that can't build you a house out of nowhere, put food on the table by running a command or suddenly make millions of well-paid jobs appear. And the biggest tragedy in all of this is that people who managed to fuck a country beyond repair with this system, will definitely manage to screw one relying on Bitcoin also, it's just a matter of time till the stupidity of people will break anything!
I've always said and I will stay by this till the end, bitcoin will flourish more in an economically stable environment, you have to build on at least something solid, it won't work just by throwing coins around in a country ravaged by war, crime,  corruption, and poverty.

And it's so damn hard to tell the rest of us morons exactly what your phantasmagoric PC build that was?
Really,  that is hard to say, I bought a P4 4GB Ram 250 GB Hdd for 300$, a thing that everyone could verify, and this debate so simple would be categorically and definitely over. Of course, because you know you've just pulled numbers out of your you know what and that's why you're backtracking with every single post you made.


Yeah, the supreme argument when you're out of arguments!
You don't understand me, you're stupid, you post shit just to post, you post numbers just for fun, you come up with arguments just because you hate me, I am running away but I won cause whatever I said it's true. At least you've got one thing right, the mega ultra cheap high and build you had in high school was definitely not in the 90s and not even in the 10s, and far closer to the present date, for obvious restrictions. 

Yeah, definitely happening because the website "truth and actions" says so..
Right after some other things from this toilet paper newspaper will be happening:


But definitely this time the world will abandon the $, definitely.
I mean China will clearly drop the $ since, well, what's the US, just their biggest trade partner?
And after the yuan dropped to the lowest level since 2008, it's a clear sign that everyone is abandoning the $, because that's how demand and offer happen, something appreciates in value since there is no demand!!!  

I'm starting to wonder, which of the two has died more times, the $ or BTC ?

And it keeps getting funnier.
China’s yuan falls to the lowest level against the dollar since 2008 as foreign currencies continue their sickening lurch

And who is the king of the hill, breaking every currency in its path and sending them to a decade if not centuries low?
The one doing the most BRR of all, the good old $!
Everything everywhere is getting hammered, no place to hide! 




Probably a tiny fraction, take for example the largest GBP/BTC volume pair, that's on bitfinex:
https://trading.bitfinex.com/t/BTC:GBP?type=exchange

You see the spike on the 26 and then, nothing, volume dropped from 42k BTC to 1.7k two days later, those are not poeple rushing to send they money to an exchange and buy coins to store, these are orders exploiting the news and momentum.

Yeah, just like they have been winning since February 21, 1848!

I just love these things, first, they demand they have to be paid much more and work less, then they ask for the company to provide everything, then they demand that the company must be profitable so that their workplace is safe, and then when they are at the hypermarket, they throw a tantrum why are the products so expensive, why there isn't an employee to mop in front and after them, why isn't there somebody to put his merchandise in bags and carry to the car smiling all the time and why is there no free taxi drive to the hypermarket in the first place!

But no, the fun doesn't stop there.
Once the glorious people worked to get enough put aside and stats their own business, the first screams are on how much people want as a wage, why they want that much for doing basically nothing, stuff that he could have done for half of the price!

In short, they want to get paid more for less work, more money for less quantity of products or services, but, obviously, they are against inflation.
Cause, well, it's 2022 and logic is dead.


Yeah, they take a small sample that has wages three times over the median, that have their own house, enough money put aside, and ask them if they would take a pay cut for more feet time and of course, the answer will be yes because they afford it, but they completely ignore the fact that even if they say yes also, the ones at the bottom won't be able to do it in the first place.
It's one thing to say I would do it, completely differs from actually doing it.

I do not have to be a gamer, I have to be the master of crystal balls to understand what you point out and how you spin it with every single post.

You started that a budget PC is more expensive now than your top of-the-line ten years ago, then you admitted your budget PC now is far more powerful than the previous one, then you actually realized the price for performance has gone down, only to throw now another statistic about, what?

Seriously at this point, what are you even trying to prove?


When was that and when was this mile top-of-the-line PC worth only 600$? Because back in 92 a damn modem was 300$, a P4 1.5 at launch was 650$, a 7800 GT $450, so when was this miracle high-end PC build possible? And even excluding this, seriously, what are you trying to prove?

That next-generation video cards that have three times the memory and bandwidth won't be cheaper than the ones built 10 years ago?
Are we going again comparing the 5 series from 1970 with no airbag with the one right now that has 7?

There is no direct extradition treaty between the two countries but that just means that there is no automatic process, any country will extradite someone if it feels like doing so even if they don't have a treaty.
Probably that's what the SK government is doing rather than placing him on the Interpol list for real, but if negotiations fell they can cancel his passport and from there either Singapore will shield him based on ... god knows what or they will kick him out of the country. And that's the moment he will have to choose a destination where the police won't arrest him at the checking out based on the Interpol warrant.

From my point of view he is just stupid, he could have gotten away with a few months in prison and a fine and some assets gone but doing this he risks up to 10 years in prison and no judge will show clemency with that much media pressure. Plus, once on the Interpol list good luck trying to keep your assets, and good luck with corrupt officials that will shield you not to grab everything you have.
He should have learned from Mark Karpeles how it's done.

The chain of events doesn't make sense.

You check into the hotel, your wife uses her smartphone in the best position for the screen to be captured which means the screen should lie perfectly horizontally if the camera was on top of the bed, which doesn't make a lot of sense. Second, anyone can try and check if a camera mounted two and a half meters on the ceiling in bad lighting will be able to capture some words even on a 6inch screen.
The next day after the check out your wallet gets emptied, you go back to the hotel, and those guys who have been installing cameras in your room and know they have taken your money spying on you let you in the room again unsupervised and they haven't even moved the cameras.

Nope, I don't buy this scenario, most likely your entire phone was compromised from the start with a keylogger or such or the entire wallet was a clone and not the original.

 

Yes, yes, the evil westerners that are keeping you poor, wonder why the hell other counties with no natural resources have managed to bridge the gap and even overtake western countries, like South Korea or Japan and Uruguay  or Chile while Africa is full of countries that even added on top of each won't have the GDP per capita of Mexico.

Rather than trying to find a culprit somewhere else why don't you look in your own garden?
https://www.voanews.com/a/nigerian-authorities-oil-theft-becoming-more-difficult-to-address-/6728926.html



So your solution is basically to do the right things, how about you think first about what's preventing those and how to get rid of the blockage?
Because 60 years of independence and half of the countries on that continent are going backward not stagnating or god forbid going forward.

If bitcoin mining wouldn't be feasible anymore you wouldn't have 220Exahah of gear mining now, you wouldn't have blocks coming actually faster than 10 minutes since the hashrate for the last 24 hours is bigger than the last two weeks' average and you wouldn't have any transactions getting confined at all. But since you have them, well, bitcoin mining is still feasible!


Oh god, just stop with this thing.
You have cheap electricity you can mine, you might be a citizen in a wealthy country making 10k a month but with higher electricity prices and you couldn't mine while somebody making 300$ in a third world country could have 3cents per kWh rates and could mine the shit out of it. Bitmain was selling the S19 Pro for $1900, the RTX 3090 Ti was going for 20% more back in March and we still had tons of people GPU mining without being part of the elite.


Again, seriously? Have you read the news in the last month or so?

Emphasis on was!
Marathonbet is Russian-based, they have already suspended their operation though some countries in Europe for months, for example in Netherlands or France and a few others you can't even access the website, so I don't find strange the issues with the Visa card but the rest of the communication is just lame, and the banning of an account you have just placed a restriction on is just a stupid move.

Anyone outside the CIS should really stay away from it.

It's not the majority but even though it is indeed high there is another drawback, although it's large in percentage it lacks in total capacity.
So you have Tajikistan producing its electricity from hydro, but that only amounts to 16TWh, UZ has 14TWh, TM has 4 TWh, KG 11, and KZ 8 TWh, this leaves little to spare for miners, and no real expansion has happened, not one that would match the growth in population anyway.
For comparison, just the state of Washinton has 89.5 TWh production annually, or if we count all electricity from all sources, Texas has more than central Asia combined, twice! Even if we assume all the network would be powered by the most efficient machines, all that energy won't be able to feed even half of it

So you've just proven what I was saying was right and arrived at the conclusion, that this thing:


was totally wrong cause how else can you have those two statements:
- faster and cheap, 8x times faster at the same price
- a PC build now costs two times as much
true at the same time

#lawdoesn'tmakesenserejected

There is no Interpol red notice for him:
https://www.interpol.int/How-we-work/Notices/View-Red-Notices

It's either that the SK police haven't issued an international arrest but a local one or they haven't yet notified Interpol about this, after all the proof about the notice is from journalist claiming this has happened without any link to an official source.

Because all the social media under binance.com are under the control of the ones that are doing the check, just as the binance.us domain is, the social media links under binance.us are under that team's control, so there is a simple explanation, if those accounts are not getting verified you can also decline responsibility for anything that happens with them, which would be totally normal for somebody to do since they don't actually control them.

The real bug I see on that page is that things like https://www.binance.charity are not recognized but binance.charity is.

#Lawdidn'tmakeittothesenate

Where did you get that 10x computation comes with 10x cost reduction? What is this Reverso world?

Meanwhile, in the real world,
At launch, the first generation i7-950, was worth 500$ but let's take the slashed price of $294 which coding to inflation calculators now means $359, and right now for a little over 1/4 of that you could buy an i3-12100F from newegg that beats the crap out of any first generation i7.

So, you see how this works in real life?  

So, education+internship definitely beats experience in my book, and how would you know someone have experience at first when you hire, would you hire a 18 year old out of high school? Or a 24 year old out of college and internship?
[/quote]

It depends a lot on what I'm hiring them for!
Am I looking for a cashier, for a helper in construction for a guy handling flyers, I wouldn't give a damn about their age or education or experience, if I'm looking for a graphical designer or other such things that require skills  I can do a test right there, the one how manages to do it best gets hired. But if I'm looking for a team leader and manager that requires supervising a few dozen people there is no way an 18 yo right out of school will be able to make the list, first that no matter how capable he is the whole team will simply feel uneasy being ordered around by someone right from the highschool bench and in some case less educated than them.
So it's definitely a case-by-case situation.

Of course, they won't allow this mass transit but I think it again caught them by surprise, they expected some to flee but note that many, and they can't really close the border with tanks cause that would send the wrong message, so they will try to pose as a free country while letting maybe a million slips and then when enough is enough strat with check-ups far before the border so they will stop them outside the camera range.

There won't be 100k fleeing a day, but no way they can prevent everyone.
If some are starting to shoot their commanders in recruitment centers or burn them down, no 1m fence guarded by a wild yak in the middle of nowhere will stop them from fleeing.


The highly value citizens were the first to flee, first because skilled ones have the brain to understand what's happening in the economy second because they are far harder to being brainwashed, and they know they can have a better life outside. Also they understand that once the 'less skilled" is killed on the front those gaps have to be plugged with something, and sooner or later it's full volkssturm mode where everything with two legs walking on the street minding his business will get trashed in a van and sent to the frontlines with a piece of paper telling him that once Igor Dummkopf is dead to take his rifle and charge at the enemy.

Reddit is full of images of prisoners with their papers, people that have been captured only 5-10 days after being drafted, someone has to fill the place, and at this rate, they are going to run out of unproductive soviet komrades.