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341  Economy / Economics / Re: Food prices doubled this year on: September 17, 2020, 05:56:14 AM
There has been a General increase in price since the beginning of the year - an average of 30% for a General grocery receipt, if you compare a receipt from a hypermarket in January and now.
But the caveat is that local products do not grow in the price, only price (who could be surprised by this heh) for imported goods are growing.
So I try to buy local producers, so the overall result of the difference in prices is not as noticeable as if I were buying all the same things.
This rise in price is quite an obvious result of the world's covid stagnation. I think that prices should soon return to normal.
342  Economy / Economics / Re: Australia will join money printers soon Good for btc on: September 14, 2020, 07:18:35 AM
[snip]
Calm down now, I guess OP is just having a misconception. Maybe he is overwhelmed by the fact that btc is decentralized and the banking systems are the opposite thus thinking that they are not connected to one another at all. We should always remember that we are not living in a cashless society (at least for now), btc and every crypto's value are still based on the conventional fiat. Well, let's just understand him and let him realized everything.

So this is not a problem of OP, but a problem for the entire nuclear crypto society as a whole (as far as I can tell).
The author is not the first and not the last with such thoughts and words that he spread here. But then they go to their friends and complain to each other that " damn me again was poured with shit but I were right(((".
I don't even really understand how people with such naivety and such knowledge of the basics of the economy could even go online, so sometimes there are epic posts from them.
343  Economy / Economics / Re: harmonization of fiat and crypto on: September 14, 2020, 07:09:32 AM
Anyone who says "let's kill the Fiat and use the crypto» either doesn't have at least a school education or is very stupid. Why? Because "death of the Fiat" means the death of the crypto - and at the same time the entire economy as a whole. People who follow such radical cryptanarchism cannot / do not want to understand that they are aiming for a catastrophe, for a world on fire, and not for a bright and progressive crypto-future.
FIAT money existed long before cryptocurrencies were created and the value of FIAT money was everywhere. I have the same opinion as you. FIAT money is doing well. And the mistake in the banks is that they print too much money and imbalance the economy, especially the Fed. They are manipulating the world economy. People still use FIAT money to buy cryptocurrencies. If they do not have fiat money, what will they get to buy it?

So that's the point - that there is no way.
The problem is not even that it is impossible to get rid of Fiat money and not that they print a lot, but that the complete rejection of paper in the use of cryptocurrency is the same bike that has already been invented a thousand times.
What is the difference between printing Fiat money or printing more tokens? How do gov control the total turnover? How to deal with the financing of the terrorism? Money laundering and other financial security issues? Too many questions "how and why" and instead of answers only one: "crypto!!!".
I love crypto and see good potential in them, but I have no illusions about it.
344  Alternate cryptocurrencies / Altcoin Discussion / Re: Can I go into this crypto???? on: September 13, 2020, 07:15:31 AM
The Golden rule of cryptocurrency - you should have entered yesterday, and tomorrow it will be too late.

Remember that you can enter this beautiful and wonderful world of decentralization at any time but the longer you delay it the worse your experience will be. Think about it and come now
delaying buying I think is not a bad thing. but I suggest studying the crypto market and assets better. indeed it would be better to learn by experience trading in the market firsthand. but if you don't want to be at risk, we can first study how the crypto market works.

Some people delay this moment for years and then complain to others that "right now there is definitely nothing to do in cryptocurrency, everything is expensive and it is too late to enter it".
I'm saying that, in a good way, it's never too late to enter this market and every moment is successful in the right time frame, and yesterday it was even more successful. Here's the difference
345  Alternate cryptocurrencies / Altcoin Discussion / Re: Can I go into this crypto???? on: September 12, 2020, 10:46:07 AM
The Golden rule of cryptocurrency - you should have entered yesterday, and tomorrow it will be too late.

Remember that you can enter this beautiful and wonderful world of decentralization at any time but the longer you delay it the worse your experience will be. Think about it and come now
346  Economy / Economics / Re: Australia will join money printers soon Good for btc on: September 12, 2020, 10:23:07 AM
What happens if I tell you one simple truth? The more money in the M2 supply the less money value.
The scheme is outrageously simple so watch your hands!
We print a lot of money > money is getting cheaper because of inflation
The higher the inflation, the cheaper the money
The cheaper the Fiat money , the cheaper the cryptocurrency.

Do you seriously think that having $1,000 and $100,000 is a big difference? This is a big difference if the total amount of money issued is the same for both amounts.
And when you turn on the printer machine, yesterday's $1000 turns into today's $100,000, but their value does not change. That yesterday you could buy one iPhone for 1000 that today you will buy one iPhone for 100,000.

Do you really not see a direct connection between the fiat economy and the cryptocurrency - in the form in which it is now?
347  Economy / Economics / Re: Gold Price Prediction & its impact on cryptocurrencies on: September 12, 2020, 10:12:26 AM
I still think that classic investors will not touch cryptocurrencies if they choose between them and gold simply because gold is valuable in itself, while the price of btc depends only on the demand for it and its popularity (and speculation).

That's where most of gold's value is derived from too. Only a very small part of gold's market (~10%) can be attributed to actual industrial or medical uses, what you might consider inelastic demand. It's mostly used for value storage, jewelry (which largely falls under value storage), and speculation.

Even if you imagine an apocalyptic version of the development of history, you will be able to pay with gold at least somehow but not with btc (unfortunately)

Maybe right now, but 2-3 decades from now? I'm not sure. Before long, apocalyptic versions of history will include peer-to-peer mesh networks and other technologies that will sustain Bitcoin.


Have you ever wondered why metals are used for savings? Yes, because it is a PHYSICAL object with which nothing will happen and which is independent of electricity, the Internet and the blockchain.

In this scenario, people will not be able to raise networks to support the use of cryptocurrencies as much as possible. Even if you recall one of the popular games on this topic - Fallout - then there are used as money caps from Cola, and not some electronic money (despite wide usage of electricity). Providing a communication system and the Internet in the case of post apocalypse is the most non-trivial and rather useless task in terms of survival.
348  Economy / Economics / Re: Gold Price Prediction & its impact on cryptocurrencies on: September 12, 2020, 10:09:51 AM
I still think that classic investors will not touch cryptocurrencies if they choose between them and gold simply because gold is valuable in itself, while the price of btc depends only on the demand for it and its popularity (and speculation).

That's where most of gold's value is derived from too. Only a very small part of gold's market (~10%) can be attributed to actual industrial or medical uses, what you might consider inelastic demand. It's mostly used for value storage, jewelry (which largely falls under value storage), and speculation.
Every thing is valued based on demand and supply, silver could have been more valuable than gold if most of people demands a lot of silver than gold, but the only thing is gold is more rare than silver. It is same with bitcoin, the difference is that its core pricing is speculation. If bitcoin would be adopted in the future, the price of it will skyrocket as people will choose to have it for convenient in  paying online.

Even if you imagine an apocalyptic version of the development of history, you will be able to pay with gold at least somehow but not with btc (unfortunately)

Maybe right now, but 2-3 decades from now? I'm not sure. Before long, apocalyptic versions of history will include peer-to-peer mesh networks and other technologies that will sustain Bitcoin.
The time is running, world is progressing, and you can't predict the future. All that happens now will just be a history.

My position is that gold (and any other precious metal) is valuable in itself, not only because they were chosen long ago as a material for minting coins.
Any precious metal has quite a practical application. You can find it in any kind of electronics. This is a physical object that has many different purposes and hence its usefulness.
BTC (let's be honest) exists OUTSIDE of the real world and it has no other application other than the conventional acceptance of it as the equivalent of the price. That's what I'm talking about.
349  Economy / Economics / Re: Gold Price Prediction & its impact on cryptocurrencies on: September 10, 2020, 04:47:25 PM
There will be a greater rise once this pandemic ends. As you can see, many are losing jobs, there's no more job security on these times. This will make them think about how to retain the value of their savings and will make them find a store of value.

Gold could be the first option of those people that are not aware or scared of bitcoin. There will be an impact because economy's not that good. And as for wise investors, they understand that this time is the best time for most investments to get in such as gold.

I agree with you, people are more familiar in Gold than bitcoin. So, if they invest, probably they will choose gold which is tangible, valuable  and already exist long time ago. But i believe wise investors will invest both in gold and bitcoin which is also known as digital gold.

I still think that classic investors will not touch cryptocurrencies if they choose between them and gold simply because gold is valuable in itself, while the price of btc depends only on the demand for it and its popularity (and speculation).
Even if you imagine an apocalyptic version of the development of history, you will be able to pay with gold at least somehow but not with btc (unfortunately)
350  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not be fooled on: September 10, 2020, 04:45:39 PM
Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
Coronavirus did make the stock market in very bad shape but didnt not effect the cryptocurrency market at all as we seen the cryptos market did rise at the time on pandemic. A lot of peoples did used cryptos for the buy and sell as most of them cannot goes out at the time of pandemic.

This situation has a limited time effect (already -2k drop btw). For some time, the crypto market may still (and will) grow or be stable, but there may come a time when there will be fewer and fewer NEW players, because to enter the cryptocurrency, you still need Fiat money. And where to get them if you don’t have job/money is calculated only for food? The last thing an ordinary person will do is invest in something that is not clear (for him) in the hope of earning.
Some things look good until you realize that it's just a temporary illusion.
351  Economy / Economics / Re: Should we be scared of zero reserve banking? on: September 10, 2020, 04:40:36 PM
Sure.
In principle, I think that banks should have >90% reserve and when it comes to completely canceling the necessary reserves... this is too much.
It will be very sad to watch the fall of banks in case of force majeure - but I will not feel sorry for the banks. I will feel sorry for people who put their earnings in such banks.
But now you can clearly understand where the banking system as a whole is going, turning from a reliable (at least a little) safe into a cellophane bag with knives.
352  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Crypto be more valuable than gold? on: September 08, 2020, 03:29:03 PM
Can't and won't - just because you're comparing two completely different things.
Gold is not just a tool for investment. This is also
1) technical material
2) decoration
3) minting of commemorative coins
and other applications for billions of people.
What about cryptocurrency? That's it. Much smaller user base.
The final value of a thing consists not only of its price but also of its general demand. So I don't think that one day cryptocurrencies will become more valuable than gold, I'm sorry
You are right, what is far different is the much smaller user base for cryptocurrency compared to gold. we can already see some crypto also collaborating with gold or gold mining. some even claim they are digital gold. but do we see such crypto survive well in the crypto market and have stable development so far?

I really like the idea of working with gold companies. This is a good development of such things as metal Bank deposits and I see good potential here.
The main thing that such tokens shoudnt to turn into garbage due to some greedy/stupid decisions of owners and then they will have a very good future.
353  Economy / Economics / Re: 2020 Money is king Again Good news on: September 08, 2020, 03:24:16 PM
Where does the money come from? Oh sorry I forgot that they are printed on a printer that makes brrrr! Then there are no questions, really.
Even so there is strong country behind it

A strong country that can't even sort out its internal problems, which are drowning more and more.
A strong country whose economy is more like a bubble than something really stable.
A strong country that shoots itself in the foot with cool decisions like hyper inlfation or disbanding the police by state.

All that remains of a strong country in the United States is only the memory that it was once strong.
354  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] GOLD Stablecoin – $200,000 - payouts in BTC, ETH, GOLD on: September 07, 2020, 09:58:25 AM
#Authentication Post
Type of campaign: Signature
Bitcointalk Username: bits4books
ERC20 wallet address: 0x701f2bE6a47827f59151377a20637D6E500098A6
355  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Crypto be more valuable than gold? on: September 07, 2020, 06:24:08 AM
Can't and won't - just because you're comparing two completely different things.
Gold is not just a tool for investment. This is also
1) technical material
2) decoration
3) minting of commemorative coins
and other applications for billions of people.
What about cryptocurrency? That's it. Much smaller user base.
The final value of a thing consists not only of its price but also of its general demand. So I don't think that one day cryptocurrencies will become more valuable than gold, I'm sorry
356  Economy / Economics / Re: 2020 Money is king Again Good news on: September 07, 2020, 06:08:05 AM
Where does the money come from? Oh sorry I forgot that they are printed on a printer that makes brrrr! Then there are no questions, really.
357  Economy / Economics / Re: Socialist life on: September 07, 2020, 05:49:15 AM
Well, let's take apart the parts you wrote.
1) are you Willing to pay so MUCH taxes that would have been socialism?
2) do you Understand that any socialism is totally pandering to all sorts of social parasites who want nothing in life dentate and believe that they all should go for nothing?
3) do you Understand that such is the vaunted socialism creates even wider gap between public authorities and citizens?
4) do you understand in the end that it is impossible to build such a balance (as you have written) 50/50?
No one wants to live under socialism / communism because the memory of the 20th century is still alive and everyone remembers perfectly about Germany and the wall in the middle of Berlin through which thousands of people fled.
Other remarkable socialist experiments are also remembered.
The left-wing order has quite successfully shown its unfitness for life - but no, let's try again. Everything is OK?
Well, let's figure out what you wrote here.
1. SO much is how much? It's hard to believe in this (propaganda, I understand), but under socialism, tax oppression was hardly noticeable. In addition, with all this, medicine of any complexity became absolutely free, as did education (even higher education, yeah).
2. Nonsense. Socialism is a regime that does not accept parasites, because they interfere with the functioning of it.
3. Social lift. I suggest to google what this concept means. The gap cannot be large, because people are in power and there are people from the people.
4. As for the balance, it is definitely impossible to achieve it. I agree 100%

An experiment of the 20th century? Do you know exactly what you are talking about? Was the Neolithic an experiment too? Slave system, feudalism, capitalism? Do you think this is an experiment too? These are the stages through which mankind passed in a natural way, due to the fact that the economic basis came into conflict with the superstructure. They stopped working together.

Any power is a dictatorship (the ability to impose its own political line) of the ruling class.

Capitalism is the dictatorship of a modest number of people who own immodest capital.

Socialism is the dictatorship of the working class, for it is the absolute majority of the population.

And now I'll blow everyone's brain. Look: demos (Greek) - people, kratos (Greek) - power. Suddenly, we get that the real democracy is socialism.
After all, this will be a regime in which the people have real power (and not the opportunity to put a cross in the ballot and change one talking head to another as president)

I do not impose anything on anyone. Love what you like (especially if it's legal). But let's still respect history and get to know it a little before making loud statements.


Well let's look again at what you wrote here!

1) I, too, understand that propaganda. If there were "not so many taxes", then where did all this "free medicine" or "free education"come from? Now you pay for them out of your own pocket and are free to choose the level of services you need. At the socialism time you paid before you saw your money (indirect taxes hello) and you had no choice in the service
2. so hundreds of thousands of people living on benefits are not parasites? Or do you propose to introduce criminal terms/forced employment of those who do not want to work?
3. Social Elevator under socialism-a good attempt! I know very well the lists for the best University in a already non-existent country where there was a prestigious education. The vast majority are children of people from the government, while all the rest studied in their" common " universities. A normal Elevator, I'm sure.

By experiment I mean that they tried to build socialism but the attempts were as unsuccessful as possible and led to very bad consequences.

What prevents you from earning your capital? Personally Bezos who takes your salary?

Yes, all power to people and councils! All the land to the peasants, and the factories to the workers. Slogans are good, but they are just slogans.

Again, no. Socialism is a legendary "non-functioning democracy" because if we assume (as it should be) that under socialism we must take into account the needs of everyone, then just imagine this bureaucratic machine that eats up tens of tons of paper and ink a year just so that the whole structure would somehow function. How will the market work under socialism? What to do with those who are more successful than others? What to do with those who don't want to work? What about the outflow of successful people who will (quite reasonably) run away from such a device?

Even what we can call socialism now, in our 2021 year, arouses dislike rather than any interest. There are too many different "buts" and too few adequate answers and working solutions other than the words "let us try again, the plane also did not take off in the first time".
358  Economy / Economics / Re: PornHub now accepts Bitcoin and Litecoin (News coincides with BTC decline?) on: September 07, 2020, 05:41:04 AM
Will this affect the status of cryptocurrencies as a marginal sphere? Think about it-there used to be a General opinion that cryptocurrencies are only needed for black markets. Now what? "PornHub supports payment in BTC" - if I didn't understand this, I would be even more convinced that the crypto world is some kind of marginality and nothing more.
Not very good news as for me which does more reputational harm than good.
Of course, I understand your indignation, but nevertheless, many cryptocurrency users invest in projects that preserve their anonymity and confidentiality. Of course, one of the most important reasons for such investments is freedom and independence, which will not be violated by the state and various state structures. The same situation, in my opinion, is developing with users who want to remain anonymous when using Pornhub content and therefore pay for viewing the content not with credit cards, but with cryptocurrencies, which will make it possible to visit the resource incognito.

Well, again , there is a strong connection between the concepts of "privacy" and [any disapproving behavior].
You can say as much as you want that everyone is watching porn and there is nothing wrong with it but you know perfectly well that this is just hypocrisy and nothing more.
And every time in the end, as some similar [not the brightest] companies integrate a token into their payment mechanisms , I am not happy just because it only works to strengthen the not the best reputation of the cryptocurrency as a whole.
359  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple the next bitcoin? on: September 07, 2020, 05:35:45 AM
Of course Yes!
As soon as the creators stop selling their tokens on the market and  when they really will make Ripple truly decentralized. In the meantime, it's more like a very subtle game of deceiving people to earn money on them.
Ripple is not much more trustworthy than other alts. Can slightly more of course same but not more moreover.
at this time maybe TRX will be the choice for day traders to make transactions. can also use BNB or other altcoins because ETH itself is in trouble regarding their network.
as you say, these assets are not completely trustworthy to hold for long. lots of stupid stuff that's hard to believe in their developers. we can use TRX only as needed.

It is quite possible - but again, since we are already talking about Ripple, I do not understand where such questions can come from. Yes, and about any other token from where such questions can be.
In the ordinary world, under the "new gold" (analogous to "new btc"), only oil was pressed - but there were huge reasons for this. So what? Yes, oil is cool, but it never became" gold " (if you understand what I mean).
When will people realize that there will be no" new BTC " because everyone will always miss the BTC that is? That's the question.
360  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping my coins because.. on: September 05, 2020, 12:44:03 PM
It all depends on the circumstances. Sometimes it can happen that I urgently need funds - then I can spend some of them to help myself or my loved ones.
But usually I still try to keep the bounty  waiting for more interesting prices, and in principle I rely on such things as long-term investments. Very rarely when I touch them and even less often I look at the charts - so as not to worry myself and not think about what would be worth selling right now.
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