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3441  Economy / Economics / Chinese loans leaves many countries in "hidden debts" on: September 30, 2021, 05:25:14 PM
The Chinese Government is popular in handing out loans, especially to poorer countries, but recent research has it that it has left majority of this developing and underdeveloped countries in massive "hidden debts", see the excerpt below:
Quote
Chinese loans leave developing countries with $385 billion in hidden debts, study says
The Chinese belt and road initiative is a scheme designed by China to support developing countries by financing numerous projects in their country, but this scheme rather than actually aiding this countries, looks more like it makes them more and more indebted to China, see the excerpt below:
Quote
China currently spends at least twice as much on international development finance as the U.S. and other major economic powers, according to the AidData report — around $85 billion a year. However, this is often in the form of debt rather than aid,
Another flashpoint of the belt and road initiative is that majority of this loans isn't directed to institutions owned by the Central government of the borrowing country, but to state-owned establishments, private organizations etc, but all with the consent of the central government that can jump in to bail out companies that prolly can't repay the loans, thus by extension, many of this debts go underreported, but this countries are actually in greater debt to China than most of the world actually knows, see the excerpt below:
Quote
These debts are systematically underreported to the World Bank’s Debtor Reporting System (DRS) because, in many cases, central government institutions in LMICs [lower- and middle-income countries] are not the primary borrowers responsible for repayment, the report said.

Having said all these, is this a way that the Chinese government intends to keep many countries of the world indebted to them through this debt trap, knowing fully well that most of them would falter in repaying the loan leaving the Chinese government no other option but to seize some of their assets, I see this to be amongst China's plan towards being the country with the best economy in the world in some years to come, and just as is typical with the dictatorial Chinese government, they want to be the only ones at the advantage, leaving others at the receiving end.

Here is the source of the news for better understanding: https://www.cnbc.com/2021/09/30/study-chinese-loans-leave-developing-countries-with-385-billion-in-hidden-debts.html
3442  Alternate cryptocurrencies / Altcoin Discussion / Re: Cripto and Sports on: September 30, 2021, 04:23:16 PM
What do you think ?
To be honest, I do not really take this to be a big advantage for crypto and I don't really believe in most of the coins in the OP. For me this individuals are just like every other person buying crypto out there, they may be rich, but rich people have been buying crypto for a very long time now and many of them even stay anonymous, making it even questionable why these ones decided to publicize their interest in crypto. In my opinion, what's needed for mass adoption is adoption from institutions and governments, and not really individuals, and that is exactly what is going to make the difference for cryptocurrency.
3443  Other / Beginners & Help / Re: No late commer in cryptocurrency on: September 30, 2021, 03:57:48 PM
That's the advantage of gaining practical experience that we can teach others what not do. Learning from others' mistakes is a skill that not everyone can achieve.
I second your thoughts, and I believe that if many of us had joined the network earlier than we did, we prolly would have lost our funds to scammers, and we may not have had the sort of knowledge at our disposal at the moment. Newcomers in the network need to understand that accumulating crypto is important, but what's most important is keeping it safe, that is, not losing it to scammers, and one can only do that through garnering sufficient knowledge.

Thus it really doesn't matter if you feel you're late or not, if at the time you get on the crypto train, you make it a necessity to build your crypto knowledge and build yourself up, then you've achieved a lot more than people who came earlier than you, but with lesser knowledge.
3444  Other / Beginners & Help / Re: Use Twitter, get paid in Bitcoin on: September 30, 2021, 03:42:58 PM
if you're not a popular figure, nobody ain't gonna tip shit :p
In my opinion, it's more about the content created than if one is a popular figure or not, and what you must understand is that these popular figures only become famous cause of what they have posted over time and thus they deserve to get tipped if possible.
Twitter launched a tipping feature using bitcoin. Could the social media platform now become one of the world’s best remitting experiences?
It's somewhat early to conclude on that, and it would definitely have it's pros and cons, but what's exciting about the news for me is that Bitcoin is being used for this and it is in the news for a positive cause, it is definitely going to be good for the network in one way or another.
3445  Other / Meta / Re: Here Is One Reason Why Legendary Members Get So Many Merits on: September 30, 2021, 03:17:41 PM
Can someone tweak the stats a little by deleting legendary members with signatures? Most of them are from Chipmixer and Bestchange's campaigns, and some of them are from the rest of the campaigns?
These campaigns force members to create 50 or 25 topics per week, so the frequent posting will make them get merits regardless of the topic.
I don't think this can be said to be a valid reason why such legendary members earn the amount of merits that they do. Even if we're to take frequency of posting into account, I think there are quite a lot of lower ranked members who post quite a lot as well, some of them are on one bounty campaign or the other, but what they come up with is more often than not, shitposts, and they earn zero merits for their 'efforts'.

And then again, there are also legendary members who make a lot of posts, but earn little or no merits, what matters is what is being posted, it is the quality that counts, so I think that is what should be highlighted, rather than how many times they post, cause many a user (notwithstanding the rank) can post as many posts as they want per week without earning a single merit for it.
3446  Other / Meta / Re: How can i unbanned my account? on: September 30, 2021, 02:54:13 PM
You guys always take action about littler bounty hunters. A lot of bounty manager stolen hunters money, then you can't caught them.
It is on you as the user if you decide to join bounty campaigns that are somewhat sketchy, that means you have failed to do your own research and you're prolly just after making profits from the campaign, thus if you get scammed from it, it's basically your fault. The forum doesn't moderate scam, but users tag erring CM and also warns users about such campaigns and bounties, but if you decide otherwise, then it's not the forum to blame, but yourself.
I saw many high rank people using 2/3 account,  they sent Merit easily.
The thing is, whether you're of a high or low rank, you're allowed to use more than one account on the forum, but without breaking the rules, like joining a signature campaign with more than one of your accounts. You can also send merits to other users, but not to any of your alt accounts.
3447  Other / Beginners & Help / Re: Bitcoin was hacked, NOOO !!! You are need read this. on: September 27, 2021, 11:08:56 PM
I would hold the government and the media responsible for many of these misconceptions about the Bitcoin network, I think most of it is just basically to discredit the network as being dangerous for its users in a bid to promote their CBDC's and to dissuade people from being their own bank, for example, if a user gives his or her seed phrase away and it results in the funds being stolen, then it's down to the users folly, it's not about the network, but if the media picks up this sort of news, they'll sure make it look like the network is to blame for the loss of funds.
3448  Other / Beginners & Help / Re: Two strong policies to save your being scam on: September 27, 2021, 10:16:17 PM
High return are allows scam, I wonder where the people scammed think the scammers will get the money from, legit businesses can not be like that.
The thing is, this kind of victims are guilty of falling for the "crypto experts" scam, and it's particular with newbies, cause they are prolly new they believe there are crypto experts that can make quite an insane ROI in little or no time. That's basically why I do not like using the word "experts" around newbies, they tend to get the wrong message and it could cause them to make a mistake. Another area this problem stems from is "success stories", people hear one success story or the other, without even confirming the legitimacy and immediately wish to replicate it, but instead go on to lose their funds; new crypto users need to be more careful, less greedy and more hungry for knowledge, that's the only way they can avoid most of this scams.
3449  Other / Meta / Re: What is the main reason you don't come to this website more often? on: September 26, 2021, 05:21:17 PM
For me, it's the lack of mobile view. I like this place, more than any website I use (and I use a lot) but having to zoom in and out and move the screen with the text to read is just as painful as nails on chalkboard.
If you appreciate the knowledge one can garner from this forum, then you'll prolly not stop visiting the forum as often as you do for the reason above, I know it's pretty difficult for mobile users at first (I access this site with my mobile, and I'm currently using my phone to type this), but with time, the hassle becomes unnoticeable and you just get on with things as normal.

There is as yet no reason for me not to visit this website, except occasionally when I have a busy schedule in real life (like during exam period, family time, etc), OP, I'll suggest you either get a PC if you don't have one, or you just get used to the website on mobile till Theymos creates a mobile-friendly version.
3450  Economy / Economics / Re: A poll in the USA to accept crypto as a legal payment on: September 26, 2021, 12:48:14 PM
That poll got a result of 28 percent in Arizona to 37 percent in both Texas and Wisconsin, voters said they would vote 'yes' to a ballot measure that would make cryptocurrency legal in the next election.
At the end of the day, this poll would prolly count for little or nothing as it is the government that would make the decision after looking at what their benefits will be, and what it will mean for the economy. BTW, crypto isn't illegal in the U.S., but I strongly doubt the government would be considering making it a legal tender when they already have plans in motion to launch their own digital currency.
What is your opinion about this? Does this lead the USA, as a giant country, to become crypto-friendly in the next year?
AFAIK, the United States isn't crypto-unfriendly, but there are some decisions I don't think they will take in favor of crypto, if the U.S. for example makes Bitcoin a legal tender, that is indeed a big statement that would prolly take Bitcoin pretty much close to the next level (mainstream adoption), but the government would be reluctant to take this decision about a network they can't control, they would rather promote their CBDC.
3451  Economy / Economics / Re: CHINA Banning bitcoin: PBOC Says All Crypto-Related Transactions Are Illegal on: September 26, 2021, 12:18:25 PM
Will other Chinese exchange follow?
I suppose so, centralized exchanges have to comply to government laws and regulations, so I expect more exchanges in China to follow this same part. A part of me believes this is exactly what the Chinese government wants, news (FUD) such as this that prolly looks bad for Bitcoin, at least for those who do not sufficiently understand the network or how it has bounced back from far worse in previous times. That said, since this exchange is extending shutting off Chinese users till end of the year, could it be them waiting to see how all this pans out, considering this isn't the first time China have done something similar.
3452  Alternate cryptocurrencies / Altcoin Discussion / Re: How you invest ? when you lose ? on: September 26, 2021, 07:39:20 AM
im talking about investing in BTC, Altcoin and shit coin
how you invest? like 50% BTC/ETH for long time and 30% alitcoin and 20% shit?
Why would an investor even delimit a percentage of their investment to shitcoins all in the name of trying to diversify, I consider that to be synonymous to self-sabotage, I know some 'lottery' shitcoins have turned profit-provider to some lucky investors, but it's basically a few and all about luck, more people have lost to this shitcoins than there have been gainers. I'll definitely just choose a long term project like Bitcoin and be rest assured it can't dump out of the network and would surely provide ROI in the long run.
Why people get upset when, for example, bitcoin goes from 42 to 41? they know it will increase to 50, so There is nothing to lose. Their money is safe. I do not know the meaning of loss in this situation
In my opinion, it's newcomer investors who get worried by this, they have not really experienced correction periods or a time of spontaneous plunge in the network, thus any depreciation in price causes them to panic, I think when an investor comes to grasp with how the network works, especially as regards it's volatility, then minor price corrections wouldn't bother them.
3453  Alternate cryptocurrencies / Altcoin Discussion / Re: Worthy Airdrops on: September 26, 2021, 07:20:48 AM
Significant value airdrops did not ask for much info or tasks.
Can an Airdrop in this present time have a 'significant value', I knew there was actually a time airdrops were pretty popular with crypto users, though actually it still had a small value, but with time, more often than not, an airdrop was either a scam or having a very insignificant value. There's actually no reason whatsoever for anyone to give out their personal information just for one insignificant airdrop or the other as I take it not to be worth it, but if you've found a list of airdrops you think are worthy ones, you can share with people who are still interested in airdrops, but personally, I'll advice crypto users to forget about airdrops.
3454  Economy / Economics / Re: Bitcoin slumps as China bans all cryptocurrency transactions on: September 25, 2021, 10:43:45 PM
In any case, the Bloomberg article I read yesterday about this story in this thread said that China's goal in banning its citizens from trading crypto is to reduce the country's carbon emissions or some such thing.  I have a feeling that's not the whole truth, and I don't trust anything the Chinese government says anyway.  Hell, I don't even trust anything my government says, either.
Bitcoin is more than a decade old. It should look for a way to protect herself against her enemies, then it will be taken more seriously. It should not always be at the receiving side.
Bitcoin is a decentralized network, it isn't an organization/corporation, neither is it run by a government, thus there is absolutely nothing that can be done about any negative news published about Bitcoin in the media or on social media. Users are their own bank in the Bitcoin network, meaning that they have freedom of their funds and their governments can't control the network, thus they are reluctant to adopt and accept it, reason for all the regulations/sanctions/bans, and there is nothing that can be done about that as well. Governments fabricate things and decides what to make legal or illegal, notwithstanding if it's true or if it is beneficial for their citizens, what comes first for them is their control. But that being said, Bitcoin is by all means a long time project, thus all this are just temporary hiccups that'll mean nothing in the long term.
3455  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: September 25, 2021, 09:41:57 PM
honestly i doubt that manchester united will go far in any competition
Well, I actually thought otherwise, but just looking at their team performance today, I no longer believe in Manchester United's ability to challenge for major trophies this season, I wouldn't be surprised if OGS gets fired very soon as I don't think he is the right man for the job, the United board have given him quite a lot of quality players at his disposal and as such it's now his duty to deliver, and use them to win trophies for the club, but that looks far from happening.

Slowly, power is shifting from the red half of Manchester to the blue side, I know it's impossible to compare the history of United to that of City, but if things continue like this, City will be the reigning club in Manchester based on present performances, and United would only be able to look back in time to get themselves some bragging rights, United needs another major trophy sooner rather than later.
3456  Other / Beginners & Help / Re: What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How? on: September 25, 2021, 07:51:26 AM
They have heard some success stories and want to replicate them themselves.
I second this, and actually this is where the problem stems from, I think quite a lot of individuals, the news, and social media gives people the wrong impression about trading, portraying it as a bed of roses were one can earn a living with little or no effort, and more often than not, it's newcomers and non-crypto people that are excited and swayed by this, for example, sometime last month, my friend who has never bought or traded cryptocurrency ever before came up on an advert of people (scammers by the way) who posed as 'crypto experts' requesting a very high amount of money to teach people how to make X amount of profit in a very short time, my friend immediately fell for this, but lucky enough sought my advice first, and of course I dissuaded him from it.

One can imagine, this is someone who knows nothing about crypto, but immediately wants to make profits from it, taking it to be like a gambling game that requires zero skills. The desire to 'get rich quick' is definitely another problem, and for people who wouldn't seek, nor take advice, they'll definitely have stories to tell, not success stories, but on how they got scammed and lost their funds.
3457  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think now is the right time to buy Ne0? on: September 25, 2021, 07:30:09 AM
neo is a project of much better quality. neo has been on the market for a long time in a very powerful way. I think now is the right time to buy a neo. Do you think now is the right time to buy a neo?
To be honest, Investors should not really be asking such questions about coins/projects, if you actually believe it's the perfect time to buy Neo, we should take it to mean you have done your research about the project and come to the conclusion that buying neo is great atm, thus there is no need to ask for the opinion of others. The thing is, the coin might have been around in the market for a pretty long time, but can still be a bad choice, but it's all in your hands, just do your own research and make sure you choose coins that are long term projects and you believe in their network.
3458  Economy / Games and rounds / Re: Roobet.com | Games of The Week Prediction Challenge #4 | $0 entry - $250 prizes! on: September 24, 2021, 09:49:23 PM
Chelsea 0 vs Man City 2
'86

Man Utd 3 vs Aston Villa 1
'76

Arsenal 0 vs Tottenham Hotspur 2
'44


Roobet Username: Coyster1
3459  Alternate cryptocurrencies / Altcoin Discussion / Re: China says all crypto transaction are illegal on: September 24, 2021, 09:29:44 PM
My question here is, is it that the Chinese government has the power to shake the market just with a mare statement
Temporarily, yes. If we're talking about the Bitcoin network, then the government can prolly influence the market and cause a plunge in the price, but that can only be sustained for the short period, as the coin will definitely shake it off and appreciate again, even though one doesn't like how governments make most of their decisions, but we can't deny the fact that they have quite a lot of influence, and even though they can't control the network, they can influence it, either positively and negatively.

Having said that, it all depends on the coin you're holding, if it's shitcoins/pump and dump, then this sort of news can knock them out completely as there will be a major exodus of investors from their network, but if your portfolio is made up of long term projects like Bitcoin and Ethereum, then you should be rest assured that the Chinese government nor any other government for that matter can only temporarily affect the network with their sanctions.
3460  Economy / Economics / Re: How has inflation affected your savings and investing? on: September 24, 2021, 04:47:13 PM
How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?
I think Inflation is really becoming a thing in most countries of the world, it would definitely affect people's savings as they now have to spend more on their daily needs as cost of living is sky-high, and by extension, it reduces the amount one ordinarily delimits for saving and investment. In my country for example, I fear that if the rate of inflation continues to go up, then Sooner or later, people wouldn't even have anything for saving/investing, they would only be concerned if their income would be able to sufficiently take care of their basic needs.
Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?
In my opinion, it actually depends on how much the individuals source of income is, for people who earn quite well, I don't think they will have to cut down on anything and even if they will, it'll little or nothing. For people who aren't that buoyant, then they really have to make adjustments that will suit them, and this adjustments would have to favor their basic needs rather than savings or investments, cause that's what should come first.
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