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3441  Economy / Economics / Re: Will Bitcoin be infinite? on: July 08, 2021, 09:23:45 AM
If I am getting you right, you mean infinite in time or in value? Nothing man-made is infinite in time. Bitcoin like any other creation will live for a time and then become obsolete, change into something else or simply disappear as everything in history except human stupidity - but that was given by the gods  Wink I understand your question is merely philosophical, in practice bitcoin will last for a period of time, but it may be quite a long period indeed. Being first matters a lot in terms of trust and community and bitcoin was the first reasonably successful attempt at creating a decentralised digital mean of exchange.

If you mean infinite in value... well, just do not take The Simpsons as financial advice. Even if they do not have a disclaimer about it.

3442  Economy / Economics / At least it was something great on: July 08, 2021, 09:10:05 AM
Most people in the world do not get the chance of doing anything remarkable in their lives. Many may do things that are significant for them, but usually, chances of doing something that will change humanity, its culture and its way of thinking are remote. People involved in the French Revolution, artists in the Renaissance, philosophers in ancient Athens, ... they did things that left the world changed.

Most of us have some bitcoin. A few have a lot of bitcoin. Just think that for any reason, in 5 years or 10 years, something happened that dropped bitcoin value or made the network unusable or whatever event or combination of events made it impossible to use it any longer. As far as I am concerned, I can say "I was there and, at least, it was something great and I was part of it". When bitcoin fades, the way people think about currency, self-governance,  trust in a system will have changed forever. And you will have been part of it and be able to say "I did something great and it changed the world".
3443  Local / Español (Spanish) / Re: El PSOE prepara un Bitcoin público on: July 08, 2021, 08:56:53 AM
La verdad no me extraña, es obvio que de alguna manera quieren volver a tomar el control que tanto se les ha salido de las manos, y por como están planteando todo parece que están bastante desesperados, lo malo de esto es que habrá muchas personas que si llevarán a cabo esos planes pero por falta de conocimiento, lo que se me ocurre es que puedan hacer un tipo de publicidad bien fuerte para que las personas aprendan y no caigan, lo que no entiendo es por qué tantas ganas de controlar esta actividad? cuando son países con economías tan estables,( llamo estables en comparación con la entropía económica que existe en Venezuela), lo único que  si controlan en Venezuela es la actividad de minería de BTC.

Tal vez a nivel económico tienen otro tipo de problemas, no sé como irá lo de la separación de España con su otro Estado, puede que también esto esté influyendo. Y lo que menos me agrada es que venga de una propuesta de tipo "Socialista", por experiencia propia ojalá que en Europa no caigan en la trampa triste del socialismo.
Lo que pasa es que estamos en un punto crucial de la historia, en estos momentos hay una guerra invisible entre la centralización y la descentralización, los gobiernos por obvias razones quieren tener todos los hilos, el problema con esto es que es casi una certeza que abusaran ese poder una vez obtenido, es por esto que las redes sociales casi no tienen regulaciones, en las obras literarias distópicas la vigilancia a la cual el estado tiene sometidos a sus ciudadanos es obviamente inhumana, sin embargo gracias a las redes sociales no tienen que llegar a tales extremos dado que la gente comparte todos sus datos por su propia voluntad.

Lo mismo quieren hacer con el dinero, desde el nacimiento de la civilización ha habido actividad económica que escapa su supervisión, una criptomoneda controlada por el estado en un mundo donde las monedas descentralizadas no existen como bitcoin les permitiría toda clase de abusos, como ejemplo basta ver lo que paso con las protestas en Hong Kong contra China, en el cual las cuentas bancarias de los protestantes y sus fondos que habían obtenido por donaciones fueron cerradas, en un mundo en el que solo existan monedas así cualquier disidencia puede ser destruida con unos clics matando de hambre a sus participantes independientemente de si sus reclamos sociales son legítimos o no.

Muy bien expuesto. Además está plenamente respaldado por datos: La UE realizo unos sondeos preliminares para conocer la opinion de los ciudadanos de a pie sobre un posible Euro digital y la mayor preocupación resultó ser... la privacidad. No ya que un estado absolutista o distópico pueda bloquear las cuentas de forma automatizada (creo q en USA las cuentas se bloquean sin mucha dificultad si es tema de drogas), sino q la UE sepa cuando y que compran todos sus ciudadanos en cada momento.

Tal como dices, yo no me fio un pelo de los políticos ... vamos q si les dejas gestionar una lata de sardinas, tienes q estar todo el rato mirando la lata o las sardinas desaparecen.
3444  Economy / Economics / Re: FOLLOW THIS RULES TO BECOME RICH on: July 07, 2021, 06:17:24 PM
Being rich comes from many sources, including being born with it, being lucky and being in the right place at the right time. If Bill Gates had been born in Sudan, black and woman he could not have said his famous sentence about being born poor is a a question of luck, dying poor is your fault or something like that. The fact is that there are situations in which there are no opportunities and no matter how many rules you apply, you are doomed to fail.

Anyway, becoming rich, whatever that means to you, is not about following 25 rules or 30 or 10. In fact, some people just do something that works over and over and that works well because they are excellent at executing that plan.

3445  Economy / Economics / Re: Vietnam Becomes Latest Country to Turn to Crypto on: July 07, 2021, 03:09:09 PM
The problem with this declaration is that it encompasses a number of buzz words that also should be interpreted in the right context. Vietnam has gone trough a very expansive stage of their economy in the last years, with massive increases in value to local companies. The government possibly wants to keep up this momentum and use it to attract foreign investment, so all this mentions of bitcoin, crypto mixed with other buzzwords should be an amber flag for people and taken with a pinch of salt.
3446  Economy / Economics / Re: The One World Currency: Is it Bitcoin? on: July 07, 2021, 03:00:20 PM
bitcoin is not really intended to become the "only money" at all. As said by other posters, that it technically nearly impossible, not just for the limitation of the network, but because the mechanism to float the value of goods in different countries is nowadays solved by having all currencies float respective to each other. If that did not exist, you would need to change the price of goods almost every minute in every place.

Bitcoin can however become the dominant way of transferring value for transactions of certain value, across borders, international commerce,... There is no particular need to pay for your coffee with bitcoin as there is no need to pay for it with gold bullion coins.
3447  Economy / Economics / Re: Will banking system in Bangladesh collapse? on: July 07, 2021, 02:27:47 PM
I have many times talked about how a large part of the population are "unbanked", that is, for reasons of poverty, ability or lack of access to any commercial banking facility, even in terms of distrust they cannot or will not open a bank account, thus not having any access to electronic payments in fiat, credit or payments that most people here would consider as usual business. If you think of it, it seems ironic that this status in society will also assure them that they will not lose anything if a bank collapses. Is not really much of a consolation because the fallout will be strong anyway.

https://thefinancialexpress.com.bd/trade/half-of-bangladesh-adults-remain-unbanked-wb-1524886500
3448  Economy / Gambling discussion / Re: Big companies finally had enough of the excessive tax on: July 06, 2021, 10:50:32 PM
Latest news indicate that there is short of a worldwide consensus on a 15% at minimum tax. Not all countries are joining but it is already surprising that US an EU are finding at least some common ground on these discussions. Many companies, particularly those that are large and can easily relocate are pretty much free to chose where they do business, so it is not a question of them being feed up with taxes, it is more about their perpetual complaint about anything that is going to make their bottom line smaller.

In my view, if you want to do business in a country, you need to support all that is given to you as "free", such as law, security, infrastructure, customers with money to spend, etc... that is not free.
3449  Economy / Gambling discussion / What does it take for a game to "hook" people on: July 06, 2021, 10:45:13 PM
I am asking this because I do have some short of an answer for videogames and for massive multiplayer games and even for social network oriented games. Videogames require a great design, good difficulty grading, an story that engages the user, massive multiplayer and network oriented are a lot about the interactions and how varied and fun these are. However, for casino games, it would seem that these factors are not really the most important ones. You can see games with very basic graphics and design, simple in the options for the player and not that engaging yet they do "hook" people in them.
What do these games have to have for you?
3450  Economy / Gambling discussion / Re: Terms and condition a must read before signing up any online gambling site on: July 06, 2021, 10:37:49 PM
In fact terms and conditions are a must read in anything you do. Perhaps we are becoming too used to large software companies or utility providers supplying us with pages long contracts of absurd legal terms that basically allow them to spy in your life, your house, your family and perhaps your pets. Most times, we are not really free to reject those terms, for example, at work, you have to accept the terms of use of certain software that your company uses even if you are not happy about it taking a look at your work habits and the like.
At least when joining a casino, make sure that you do read those terms because you do have a choice there.
3451  Economy / Gambling discussion / Re: To what extent can sport be strengthened with cryptocurrencies on: July 06, 2021, 10:34:26 PM
There can be some elements of cryptocurrencies that are linked to sports. As of now, clearly betting with crypto is perfectly feasible and you can potentially use any platform that uses crypto from anywhere in the world without exchanging your fiat nor anything, so that helps with the betting part. However, there are other things that could be better such as paying players with crypto that does not require, again, being exchanged. Also rewards in crypto for gaming are trustless and they can become an worldwide method for salaries. And the last bit I can think of is for on-line gaming sports or eSports that seem only but natural to have crypto as currency.
3452  Economy / Gambling discussion / Re: Are you a gambler? on: July 06, 2021, 10:30:06 PM
I would not class myself as a gambler as such, but I do make bets from time to time. I do not know if that makes sense for others, but as far as I know a gambler is someone who is adept at gambling and does it in a regular basis, so I would not say that you are a gambler if you play a little from time to time. Anyway, we are all gamblers in life since we take many decisions even everyday without knowing exactly the result, which you may argue it is making a bet on the future. Perhaps I am a life-gambler.
3453  Local / Español (Spanish) / Re: Traducción al español @100trillionUSD, Stock-to-Flow Bitcoin on: July 06, 2021, 11:49:33 AM

...

Osea q tengo q esperar aun otros 3 o 4 años para tener mi vida resuelta para siempre jamás? Nooo, me niego, yo lo quiero para el mes que viene asique me voy a poner a hacer trading ya mismo  Grin

Ya en serio, me gusta el modelo pero hay q entender q un precio se fija por oferta y demanda, no sólo por la oferta. Es parecido a cuando se habla que de, por ejemplo, el Uranio va a subir muchísimo de precio porque hay cada vez más centrales y se va a consumir un 10% más al año. No es que sea falso, es que eso es sólo la demanda. La oferta es flexible y fácil de ampliar, por lo cual la producción sube con la demanda y el precio se mueve poco.

Lo mismo con este modelo, asume muchas cosas para la predicción de precio y asume que lo q pasó en el pasado va a pasar en el futuro. Aun así lo dicho, me gusta porque me vendría muy bien q fuera cierto  Cool
3454  Economy / Economics / Re: Jeff Bezos and many top amazon executives leave in mass exodus on: July 05, 2021, 10:12:53 PM
I think the rationale behind his departure is that he no longer feels any sense of achievement by being there and there are some internal pressures that require him to step down for the good of the company. Now he is eager to start a new career as an astronaut and perhaps those executives may also follow him to space.

https://www.hindustantimes.com/science/in-race-to-space-it-s-virgin-galactic-vs-bezos-blue-origin-101625276825288.html

The funniest thing about Bezos wanting to be out of earth is the community that is forming around the idea of not letting him back in:

https://www.change.org/p/the-proletariat-do-not-allow-jeff-bezos-to-return-to-earth

I am pondering signing.
3455  Local / Español (Spanish) / Re: El PSOE prepara un Bitcoin público on: July 05, 2021, 09:11:20 PM
La verdad no me extraña, es obvio que de alguna manera quieren volver a tomar el control que tanto se les ha salido de las manos, y por como están planteando todo parece que están bastante desesperados, lo malo de esto es que habrá muchas personas que si llevarán a cabo esos planes pero por falta de conocimiento, lo que se me ocurre es que puedan hacer un tipo de publicidad bien fuerte para que las personas aprendan y no caigan, lo que no entiendo es por qué tantas ganas de controlar esta actividad? cuando son países con economías tan estables,( llamo estables en comparación con la entropía económica que existe en Venezuela), lo único que  si controlan en Venezuela es la actividad de minería de BTC.

Tal vez a nivel económico tienen otro tipo de problemas, no sé como irá lo de la separación de España con su otro Estado, puede que también esto esté influyendo. Y lo que menos me agrada es que venga de una propuesta de tipo "Socialista", por experiencia propia ojalá que en Europa no caigan en la trampa triste del socialismo.

Hay que entender la diferencia entre la palabra Socialismo en Venezuela, que quiere decir prácticamente bananerismo y la palabra socialismo en Europa. Los paises que mejor gestión tienen y más calidad de vida dan a sus ciudadanos en Europa se llaman a si mismos socialistas. Noruega, Suecia, ... Pero son socialismos moderados y con un orden democrático y legal a prueba y bien maduro. No como Maduro precisamente.
3456  Local / Español (Spanish) / Re: Compañía de estafa expuesta on: July 05, 2021, 09:06:34 PM
De entrada, hay al menos un perfil creado en LinkedIn que dice estar trabajando en esta "scampañía", como supuesto consultor Forex en sppcoindom.
Code:
https[colon]//www.linkedin[dot]com/in/allen-smith-9bb34b1b2

Me imagino que será ésta la cuenta, u otra afín, la utilizada para intentar contactar a incautos y ofrecerles sus encantos de sirena. Entiendo que los receptores de dichas ofertas pueden y deben denunciar estos perfiles en dicha red.

Las siguientes palabras clave son prácticamente una enorme bandera roja en cualquier web, negocio o propuesta:
- Forex.
- Opciones binarias.
- Trading apalancado.
- Ganar 2000 euros al mes trabajando 2 horas diarías.
- Rendimientos del 30% mensuales o su primo rendimientos de x100 anuales.
- Comisión sobre amigos a los que nos recomiendes del 20% de lo que ingresen.
- Con pruebas de mi método y rendimiento documentados en un video de youtube.

Seguro que lo pillais verdad?
3457  Economy / Economics / Re: Die today, Die tommorrow, the same dying! still get vaccinated! on: July 05, 2021, 08:46:57 PM
It is an interesting advice mix you are giving, on one side do all those thing that you miss when you think you will be dying soon, and on the other side get vaccinated so can eventually think that it was silly from you to think that way  Grin Anyway, with or without COVID it is always good to be around of the people you love, but I disagree on not spending much: while many have the problem of too much vane spending, I actually have the problem of being to conservative in my spending and that is psychologically bad. Find your balance I advise.
3458  Economy / Economics / Re: Pandemic was just a start of chaos, wars, or becoming zombies! on: July 04, 2021, 06:03:01 PM
I was about to consider this a serious post, when I realised that you were preparing a scratch script for a movie. I think you are in the right path, most of the things you have said have already happened so it is great for added realism. Now we have to polish a few details such as the type of zombies... the usual un-dead with ragged clothes and walking sideways or are you looking for something like a white walker that can rise dead after battle. My personal favourite is the voodoo version "me wants braaaiiiiinssss".

In any of the cases, I am happy to play a zombie and accept payments in bitcoin.
3459  Economy / Economics / Re: Never seen before OCDE pact for 15% minimum global corporate tax on: July 03, 2021, 08:06:27 PM
On every country having the same tax as Ireland, that is kind of what happened with the pact. Except that some countries won´t accept it, thus leaving room open.

First, there was no pact, Ireland didn't agree to it, so the rest can get that 15% and stick it where it belongs.
Second it not about every country having the same tax as Ireland but more on Ireland raising its tax to other countries levels.

On the manufacturing on poor or rich countries, that is unrelated to tax, as the price of the iPhone is unrelated to its real production cost. I am not saying that it should be manufactured in one place or another at all. The example is how the tax that should be paid in the manufacturing country and then in the destination country gets avoided by stating most of the profit as made in a third country that does nothing but has low tax.

Why should any tax be paid in the manufacturing country?
You made a product worth 25$, here is 25$, goodbye!
I bought something worth 25$, it's my business to whom I sell it and how much and where this happens, my money my product!
If I sell you my car and I make 2000$ on top of what I bought it a year ago should I pay 10% to the German government because it was manufactured there?



Perhaps what I did not state clearly is that all companies are really owned by the same corporation that deflates the benefit in countries with high tax and re-inflates in low tax countries by setting the prices at the convenience. Other than that my basic example is very clear IMHO and it is easy to see how taxes are avoided by the corporate structure chosen. I cannot say much more.

Re why taxes on the manufacturing country, these have to be paid because the company that manufactures the product makes a profit, thus should pay tax as opposed to deflating artificially the price and benefit. It should be all about the real value added.

Re there is no pact - 130 countries do have a pact. Ireland will likely have fallout when negotiating other things in Europe due to their decision, as it was Europe not the US the main promoter of this.

RE other people speaking of bitcoin, think of this:

-  You buy bitcoin at 1000
- Bitcoin is now at 30000
- You sell your bitcoin to a company in a tax haven for 1000 a piece. OTC, so you can sell at whatever price you want. You have not made profit, thus no tax is applied to you.
- The company, which you own but you do not declare as yours, sells that bitcoin in a exchange for 30000.
- You don´t pay taxes, as the tax haven does not require you to do so.

Not sure it would work, but this is similar to what the big corps do. Except that it is legal for them but not for you (you have to declare off-shore earnings in most countries).
3460  Economy / Economics / Re: Permanent residence in El Salvador for crypto entrepreneurs on: July 02, 2021, 12:31:20 PM
The factual information given about cost of living is based on a report of living conditions and salary adjustments published in the Economist. El Salvador is cheap compared to a world average of capital cities. It is behind a paywall so I cannot link it. You can access a pubic domain source here.
which states:

Quote
Summary of cost of living in El Salvador
...
Cost of living in El Salvador is cheaper than in 65% of countries in the World (51 out of 79)

From your own link:
Quote
Cost of living in San Salvador is 34% more expensive than in Bogotá
Cost of living in San Salvador is 50% more expensive than in Buenos Aires

And that is the average, including the poor cities! If we go for the capital:
https://www.expatistan.com/cost-of-living/comparison/prague/san-salvador

Quote
Cost of living in San Salvador (El Salvador) is about the same as in Warsaw (Poland)
Cost of living in San Salvador (El Salvador) is 6% cheaper than in Prague (Czech Republic)
Cost of living in San Salvador (El Salvador) is 5% more expensive than in Budapest (Hungary)

And are we really going to compare Prague to San Salvador?
This is exactly what Lucius was saying, compared to what, it is cheaper than New York or London or Tokyo but not so much cheaper than a lot of EU cities.
And there is no comparison in the quality of life between these!




...

The factual information given about cost of living is based on a report of living conditions and salary adjustments published in the Economist. El Salvador is cheap compared to a world average of capital cities.
...

As said, compared with the average. Furthermore, most expats are from rich countries hence saying cheap is correct in general sense. Anyway, data is there for whoever needs to figure out the cents. Quality of life can be measured in different ways and weighted differently. Bogotá and El Salvador are terrible for violence, but I guess that if you are happy living in a rich bubble community and ignoring the rest you will find one and do fine.
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