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Scared they are young padawan. Just imagine that El Salvador is successful and manages to bring the country to a level of prosperity and independence from the world financial institutions. Scaring to death that is for the IMF young Jedis.
Jokes apart, IMF sets the rules to get funding, nothing new, the conditions are frequently nasty and tend to punish the lower strata of the population and have stronger effects on countries that have low ability to capture funds in the markets. This is just another example of inherence in internal affairs.
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I have to agree with the editors. An NFT is not art in itself, but rather a technical tool that may provide other with a range of rights or abilities such as being able to proof ownership, exchange such ownership or rights or even send it to 0x0000000000000 and kill it forever. Perhaps there may be a point in which NFT actually prevent illegal reproduction, something like needing a forced decoding to show. None of that is in itself art more than the frame of a painting is.
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We recently saw the USA is thinking about another sanction to Russia. We know this will take a negative impact on Russia's economy. But what if Russia ally like a chain, Iran and other countries stop accepting US dollars for import and export goods from other countries. We all know China has one of the biggest markets in the world and in 2020 USA imported $434.7 billion worth of goods from China. So what will happen if the Anti-USA countries agreed to this and stop accepting us dollars. Actually, I want to know is it possible for them to do that? What is your opinion about it?
You would be talking about a bunch of countries that would, in theory, form a group and decide that they would want to boycott the USA by not accepting US. The first obstacle is that USD is widely accepted because you can buy crude oil with it. Just like that. The easiest way to boycott dollar would come from oil producing countries. An guess what, a large number of them are actually allies of US because they fear other more and their rules do really well with Capitalism. |
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I think it is a bit late for the recommendations. I have been in Tin commodities and stocks since nearly 8 months and saw a 100% return, but that may not be repeatable in the following terms. On regards to real state, you effectively can profit from it, but you would need to make sure there is a good underlaying low debt backing the assets and that it is fixed rate. Again, the problem is that, believe it or not, it is already old news!
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The intended difference between a CBDC and the current monetary system really boils down to one thing -- finality of payments.
There's no way anyone would make a CBDC with non-reversible payments. I think the whole point of CBDC is to give more financial power to government, so they won't have ask private companies for data on certain clients or to freeze certain accounts or transactions, but instead would just do it all on their own whenever they want. Basically a state-owned competitor for Visa and Mastercard. The Federal Reserve will continue to explore a wide range of design options for a CBDC. They don't really need crypto and blockchain for that, and such ideas existed before Bitcoin was even created, back then it was called just "digital currency". Unlike shitcoin projects that make unrealistic promises, the Fed would actually be held accountable, so they would need to really solve the problems of scaling and high fees, and currently it would mean that the design would have very little in common with existing cryptocurrencies. I see it differently. Firstly, the payments would need to be reversible as much as a bank transfer can be reversed in the case of errors, hacks or robbery. Second, Visa and Mastercard, Paypal and other are effectively payment processors that need to operate a high speed and cover for defaults, fraud and misuse. I am not sure there is any intention of using a centrally issued currency for that. In any case, I agree, this has little to do with cripto as we know it. |
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I'm really curious about how Russians feel about the impending invasion of Ukraine.
If you ask a Cuban about how do they feel about Castro regime they will tell you "no nos podemos quejar". This is an expression that often means "we cannot complain", meaning that things are all right. However, there is an obvious double entendre on this one, meaning we cannot complain - as we are not allowed to. I think that is the state of things in Russia. "You cannot complain". Putin touches the right buttons on the Russian cultural pride and sense of a being a superior country and it seems to work well with a large part of a population. You can be poor or you can struggle economically, but at least you are Russian and thus better. And this works until you are hungry and no longer feel superior, see Roman Empire decline, Germany after WWI, the USSR itself,... Its also what happened in Libya. Gadafi like Putin understand how to rule a country and without him, there could be chaos and look what Libya is today? They tried changing the leader in the country and theres a mess. And are the people there regretting? Yes. They regret listening to the destabilizers. Now people are sellling kids for food, slavery in the country is rampant. US is in verge too. If Biden wouldnt declare military law, people in US will shot each other, homelessness, Asian hate in the country spreads. Rob stores in daylight and all these are already is happening. Heck, even Trump would adhere! Theyd really need to change the goverment or replace Biden with a strongman like Putin. Dictator is not a bad word centuries ago, leaders were proud to be called Dictator centuries ago. Its only today that we have another view of this word. Who decides its bad to be a dictator? This is a classic: things are awful, we need someone strong to take the reins or everything will sink into chaos... Adolf, Stalin, Castro, Pinochet, ... all of them would sign-off that discourse. You know what the original Dictator terms means? It actually comes from the republican Roman times, before the empire. A dictator was designated by the Senate in time of chaos to reinstate order. The Dictator, to the difference of the consuls and other, could not be held responsible for any crime during his period. You know what the difference is: The maximum time was 2 years. After that, no immunity and no power for the guy. As you can see, that could be a role to be proud of and legitimate. That is not the case in modern times. |
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I'm really curious about how Russians feel about the impending invasion of Ukraine.
If you ask a Cuban about how do they feel about Castro regime they will tell you "no nos podemos quejar". This is an expression that often means "we cannot complain", meaning that things are all right. However, there is an obvious double entendre on this one, meaning we cannot complain - as we are not allowed to. I think that is the state of things in Russia. "You cannot complain". Putin touches the right buttons on the Russian cultural pride and sense of a being a superior country and it seems to work well with a large part of a population. You can be poor or you can struggle economically, but at least you are Russian and thus better. And this works until you are hungry and no longer feel superior, see Roman Empire decline, Germany after WWI, the USSR itself,... |
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Me parece realmente excelentes noticias!!! Ahora me siento perfectamente bien si les pido a los directores de OCU y a todos sus lectores que me regalen las cryptodivisas, que seguro alguno tiene, porque total, ellos no las quieren y no hay nada detras  Me da a mi que simplemente estan alertando de la cantidad de situaciones indeseables que se producen con las cripto. Nosotros ya las conocemos porque hemos estado por aqui pero hay mucho "newbie" a nivel mundial. |
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Latest news are that they are seeking an agreement. Visa and Mastercard hold a great grip on the smaller or even to medium sized business as there are not that many alternatives. It is true that their "moat" is being eroded by the fintech initiatives, start-ups and local "heroes", etc.. but for now, they are there to stay and to "get a cut on the world growth". It is only Amazon and other super-large that can challenge or even become an alternative.
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Metaverse is nothing but hype. Basically Facebook the site is not doing great, young people don't want to use it, so Facebook the company decided to rebrand and make a new product to win back the kids. Virtual reality is at very early stages at the moment, we are miles away from what you see in sci-fi movies like the Matrix, and it's not like Facebook is going to make some breakthrough in the next few years. It's not even a fact that Metaverse is going to be popular, there's many examples of game-changing products from big companies that were a complete failure, like Google Glass, which could also be called "Metaverse", by the way.
I disagree. The Metaverse has already been proven by Second Life and even Fortnite to be engaging to the point of addiction perhaps. Many people out there would certainly like to have a spare life or avatar or others, so the demand is there. Regarding the technology, it is pretty much there if perhaps not fully developed, but certainly not far from being good. The sales opportunity is inevitable. There is hype, but there is also substance to all this. |
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One of the biggest casualties of the cryptocurrency selloff is the Grayscale Bitcoin Trust.
The $27 billion fund (ticker GBTC) has plunged nearly 17% so far in 2022, outpacing Bitcoin’s nearly 9% decline. As a result, GBTC’s price closed 26.5% below the value of the Bitcoin it holds on Tuesday, widening GBTC’s so-called discount to record levels, according to Bloomberg data.
It’s a dynamic that’s plagued GBTC for months. The trust doesn’t allow for share redemptions in the same manner as an exchange-traded fund, meaning that the supply of shares can’t be created and destroyed with shifting demand. As a result, the shares tumbled deeply as investors pulled sharply back from cryptocurrencies, exacerbating the discount in the share price. https://www.bloomberg.com/news/articles/2022-01-19/biggest-bitcoin-fund-sinks-toward-30-discount-in-crypto-selloffThis is impressive. Grayscale Bitcoin Trust fund 's price is 26.5% below bitcoin's price. Due to regulation issues (such as the creation of supply of shares) the fund was not able to hold a fair price, due to the big sell-off. An ETF would solve this problem, and GBTC is basically waiting for that. Is it a good buying opportunity for this GBTC, with 26% discount? I wouldn't risk my money there. I don't consider this fund to be really bitcoin, but just a bank product pegged to bitcoin (or trying to do so). Of course it is a good idea! this is like a mega-arbitration possibility and I am getting on-line right now. Except that I would rather not, simply because I like to hold my own bitcoin. Even if some is on an exchange, it is there for a good reason. Taking a thrid party custodial and collateral risk makes little sense with the exception of being able to include in the taxt wrappers that some countries have. |
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Insofar as trust, at least Paypal does provide some assurance on the quality and the realistic compliance and honest backing of the currency. In general, I do not see the use of stablecoins as anything interesting for most cryptousers, unless we speak about taxes and the like. I do get that Paypal may be interested in issuing its own coin, but I doubt that regulations will really allow it. There is a good reason why the individual banks in US cannot issue their own currency... should we go back to that?
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Not being knowledgeable on the specfics, I think that Philippines is clearly one of the countries that can most benefit from crypto. Millions of unbanked people whoe need to carry on financials as usual and understand the use of the smart devices, even if not educated. It is the perfect environment to have a use case for a easily traded coin, perhaps litecoin or other with a low fee that can be used daily.
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Kind of yes, but not really quietly. Anyone who has some individual stocks of smaller companies can see that there are signs of "inflation" in the index, just in case there is not enough evidence looking at the FED balance sheet. It is an empirical sign of a bubble when the smaller companies start to fall, yet the larger ones still hold ATH values. It is something like the Roman Empire... you loose Britannia and then... Rome.
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It is not just about the metaverse, but rather a combination of franchises that reinforce MS xbox sales - e.g. they could decide to public CoD only for their gear, also they buy expertise in creating games, universes and stories successfully from Blizzard and Activision and then, yes, they leave a door open to the metaverse. MS is known for usually not being the best, but having a marketing and client channel control that is like a train. They can afford to let other create the market and fail if it is so required and then come and take the whole market.
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It does not seem that Omicron is being a problem in most of the Western world, where a significant number of the population have chosen to take the so called vaccines (they are not really vaccines). The statistics are many times presented in a way that is biased, e.g. there are more omicron cases detected per day than ever in any wave - but not mentioning that intensive care units are at just 25% of use.
Overall, the impact in health will be more about the economic downturn suffered.
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You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.
Accessible that there would be some requirement before a gambler can proceed and join that additional feature if it's on Metaverse. That's the talk of majority right now because there's the bigger that everyone sees with it. NFT hypes cannot last for long and that's why they just can't depend on it, the important thing with them is to cope up whatever is the likes of the customers for them to keep themselves on the trend just as what their customer wants them to see adopt. Crypto and NFT in general have that in common, there is an intrinsic value in a cryptomarket and the projects that are being developed around crypto as well as commercial uses of technology and, alongside, there is a massive hype that sends the cost to astronomic proportions. Something like that is likely to happen with the metaverse real-state. My take is that the owners of the platform will use that trend to their own advantage, putting to auction lots of property and leading users to their preferred locations. |
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I just dropped an specific topic on the Gambling Discussion board, but I think the issue is far wider. As many of you are aware, Facebook, now rebranded Meta, has effective plans to invest a very significant amount of money on the "Metaverse" to become the leader in this innovative area of human experience and interaction.
Whoever succeeds and becomes the dominant meta-platform (call it Roblox, Meta or however is there) is very likely to use crypto, NFT and some form of governance. My question to the forum is what do members think that will be the regulations inside the Metaverse? Who set the law (government, the company, both, the users,...)? Who and how decides the "punishment" or penalties for missuse? How do they deal with privacy?
The Metaverse seems full of legal, philosophical and economic questions yet to be answered.
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As many of you know, Facebook (now "Meta") is going to invest a bucketfull of money over the next few years to make sure they are the reference on the Metaverse. That does not mean they will succeed, but it is a sign of thing coming.
There is no doubt that there will be interest in Metaverse game playing and that Meta, Roblox or whoever gets the lead will have to take a stance on how they decide to regulate their world. Where do you see betting on this matter?
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On betting, the Liga is about to resume normal activity after the long Spanish-style Christmas break and the first journey seems to offer a few alternatives of interest for the discerning gambler  On one side, on the low stakes games you got some of the teams that are trailing such as Getafe-Granda, which seems a clear bet with good odss for Granada. On the mid-rankers, Sevilla will likely beat Valencia, however the odds are better for betting for the underdog. |
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