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3701  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is this a correction in before altseason 2021 ? on: May 05, 2021, 09:36:17 PM
There won´t be an alt season unless there is an even stronger bitcoin season. People are a bit tired of side projects and they have seen how bitcoin can give returns of x10 in a few years. it is very difficult for alts to compete with that. Even those that do a x4 or x5 in a few weeks are rare and do not have real market depth to be meaningful for a sufficient number of investors. The alt-season if ever occurs would take place much later 2023 and later.
3702  Alternate cryptocurrencies / Altcoin Discussion / Re: What really makes a cryptocurrency successful on: May 05, 2021, 09:33:24 PM
I wonder what really makes coin or token successful in the markets and the reason for this is because a lot of people state reasons like
"how good the project is, what the idea is all about, team etc)

But the truth is a large percentage of investors dont understand this technical terms when they read it and for all the claims of good team members, no one can really know how good a projects team is until the project progresses

So this makes me wonder what makes some projects instant success and gives them immediate acceptance from the cryptocurrency community

The team is super-important. In this space, a very important quality, beyond the technical ability of the members, is simply honesty and compromise. It is very difficult to measure and you can´t get into other´s brains to see their intentions. Just notice that potentially a team could do nothing and have a nice lifestyle with the investments and there is no legal claim that can stand a chance of success since they would only need to demonstrate that they have tried to do something...

A good way to understand a project is to research the past works of the members and such... but that is far from the means of the average investor.
3703  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT's And Investment Questions on: May 05, 2021, 09:27:56 PM
Hi, be very careful because not all NTF are created equal. No, you can´t "earn" someone else´s NTFs just like that. You basically have two types of NTF - those that will give you exclusive access to a digital asset (could be as simple as a in-game item or as complex as the access to an account) and NTF´s that are proof of ownership but do not confer any particular rights to anything. In my view the second cathegory is worth exactly zero and the first one is just market value linked to the use.
3704  Alternate cryptocurrencies / Altcoin Discussion / Re: Burning of cryptocurrency on: May 05, 2021, 09:18:12 PM
Nope, that address does not belong to anyone and as you own thread title suggests, its purpose is to send the tokens to a place in hell were they burn for eternity never to be seen or moved again. So, yep, that´s just burnt tokens or even tokens that people got angry at and sent there Wink sometimes this happens with tokens that are airdropped to any address and it basically serves as a trash can.
3705  Other / Beginners & Help / Re: Avoid bad projects on: May 05, 2021, 09:16:13 PM
I have taken the decission of accepting only projects that pay in bitcoin. I have been campaigning for a number of projects for quite a few years, including doing translations and the like. It is just impossible to find good projects, you get paid only 1 of every two and even that one is probably such a low amount by the time you get the bounty that rarely makes your effort worth. If you have a project and you believe in it, pay in bitcoin.
3706  Economy / Economics / Could the digital Euro, Dollar or Yuan bank the unbanked? on: May 05, 2021, 01:19:55 PM
May time we forget that there are millions of people out there that do not have access to any type of banking. I am speaking of millions that do not geenrate a recurrent income, do not have access to credit and have their lives quite limited for that fact.

One of the possible advantages of having digital currencies that are recognised by strong central banks and can be moved digitally is the possible access of all this people to a system of storage, exchange and maybe even credit through the digital official coins. I can only begin to imagine how huge can be the economy enabled by these initiatives if bitcoin alone has already taken a preeminent place in a few countries such as Nigeria, Myanmar, Venezuela, ...
3707  Economy / Economics / Re: “You don’t spend money now, you can’t spend after you died” on: May 05, 2021, 01:15:39 PM

It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!

I used to think like you. However I have changed my mind. I am not interested in money for all the niceties that can buy me, I am interested in building a present for those who will come after me. I am talking about building generational safety, wealth and education. Something that can actually transcend my own life and create a different future.

I think that it is ok to buy yourself some temporary happiness of status with you dough... I would rather create something lasting.
3708  Economy / Economics / Re: How do you define rich? on: May 05, 2021, 01:12:53 PM
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
I still can't believe that some people have such high expectations about rich. I mean not having to deal with economical problems in your life is more than enough for me to consider someone rich.

I do not mean yacts and buildings or whatever, I mean literally not having any debt and living a regular life, nothing to envy, just a regular life, maybe a decent house, nothing fancy totally regular and unnoticeable house, not a shithole neither but a proper at most 20 year old apartment flat would be more than enough, even in the most expensive nations that is like 100k to 300k (except very very expensive cities) and if you have a car and can get a new one once every 8 years or so, and not have any debt while living a probably frugal life like not spending too much on things but not having any problems if you face any emergency, those are good things and 99% of the people in the world do not consider that as rich, I think that's rich.

That is kind of rich, because you are living well and within your means, however you still depend a lot on working and if I am reading you right, thus you do not own your own time. So that compares well with people who live in a shithole, have less income that adequate, do not have a good means of transport etc...

I guess that I want to say that this is not rich for me. It requires a degree of independence and freedom to enjoy your time, not necessarily buying expensive stuff.
3709  Economy / Economics / Re: Africa needs to fix continent, richest people are politicians on: May 05, 2021, 01:07:52 PM
There are many different countries in Africa and their are not all the same for sure, but I reckon that is a beautiful and very fuc*ed up continent. The people in general are not ready for self-government due to the low educational levels - again in general - and the world powers are basically fighting over who takes more resources out of the people´s hands in many places. The only option left for many is to scape or join the regimes.

The only thing that I think would help is if Africans that live in western or powerful countries demand help for their nations and I think the first priority would be education and safety.
3710  Economy / Economics / Re: How much fiat to reach a million on: May 05, 2021, 01:04:06 PM
is it possible to calculate the amount of old school money needed to pump up into bitcoin to reach 1.000.000 per BTC. which factors are the key? and is it possible to say how much money has already been pumped up into BTC? not relatively but absolutely ( IN minus OUT > ammount in the system at the moment)


No it is not. The fact remains that most of the bitcoin is a reserve, this means that you can potentially move the price with a relatively low amount of money for a relatively short period of time. That is, a classic pump. However, that price would not stay there as many would be ready to sell huge amounts at that price.

If you want a guess-timate, use the average volume of bitcoin traded per day and mulitply that by 1M. Even that figure is not accurate as many transactions are just bots creating market.
3711  Economy / Economics / COVID advanced the world into the future on: May 05, 2021, 01:01:30 PM
I think most of us would rather not have had COVID. It has been devastating for many economies and it took a bad toll on people. However it has had some side benefits (some may argue that having Trump removed for now may be one of them, LOL).

I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.

Quote
demand for services that can be performed remotely or provide solutions to the challenges of reduced personal interactions, such as information and communications technology (ICT), and deliveries, has increased significantly. In a span of three months, the pandemic has resulted in a 63 percent reduction in demand for hotels, while increasing demand for ICT by a comparable rate

A source on the matter.

3712  Economy / Economics / Re: US economy is booming, but people are not seeing it. on: May 05, 2021, 12:53:01 PM
What do you mean by booming and what do you mean by not seeing it? Should I remind you that most indexes are up more than 40% from their bottom in march 2020? People are well aware that while the COVID took a toll in lives and killed companies that were already zombified, it also advanced 10 years into the digital economy and remote working. Most companies that supply these services have made and incredible profit, including Facebook, Microsoft, Apple, Goolge... not to mention specific meeting technologies such as Zoom.

Of course there is a boom.
3713  Economy / Economics / Re: Andreessen Horowitz plans $1 bln cryptocurrency VC fund on: May 05, 2021, 12:49:44 PM
There are quite a few announcements of bitcoin and cryptofunds. As I said many times when people questioned if Wall Street would adopt bitcoin or the investment institutions would like to take part, they will do as their clients say. Even plenty of 2018 and 2020 are hype, it is a hype appreciated by the large wealth owners across the globe and that is something that investment banking never ignores.

https://bitcointalk.org/index.php?topic=5304479.msg56764940#msg56764940
3714  Economy / Economics / Re: Could Bitcoin Smash Socialism in Venezuela? on: May 05, 2021, 12:44:08 PM
Bitcoin is always there for anyone who does not trust their country or other countries monetary policy. It works the best in cases of hyperinflation and that is clear if you look precisely at who is trying to ban bitcoin or putting ridiculous sanctions or penalties for those who try to use it.

A different thing is to be able to take down a government. That does not only require freedom of currency and freedom of capital movements, it also requires cutting off the weapons supplies, changing the minds of those who hold power and sometimes of the whole society.

Also, we could even consider bitcoin can help authoritarian regimes as it could help them move capital in the same manner as they allow people to do so.
3715  Economy / Gambling discussion / Re: UEFA Champions League Discussion Thread on: May 04, 2021, 09:53:16 AM
Hazard is struggling with match fitness he may likely start from the bench we saw it from the first leg, Hazard is a kind of player who can decide the outcome of a game on his own but ever since he moved to Madrid it's been a hell show for him, at this point, I do not believe he can do anything spectacular against Chelsea in the second leg. Chelsea need to score first to make it impossible for Madrid.
When Madrid against Osasuna Hazard appeared from the first half, even though he didn't look like he was in the beginning, he helped Real Madrid win 2-0. Even though he was substituted at the last minute. In leg 2 it's a bit difficult, even though Ramos has returned from injury, a draw is not enough. They have to score 1 goal without conceding. I wish Madrid luck tomorrow, Zidane the best coach I hope he can make a difference in England later.

Too many cracks, if and buts on Real Madrid at the moment. Given the team´s budget and history, there should not even be a trace of doubt on a result with a team such as Osasuna. >The fact that we are even taking bout this means that there is a persistent weakness in the team and the way it is managed. Zidane is top class, so I cannot figure out what is happening for this team and the leadership.
3716  Other / Off-topic / Re: Slapping Tournament on: May 04, 2021, 09:49:35 AM
LOL, this must be one of the dumbest competitions I have ever seen, along with the burrito eating contests. There is something to be said about a society that tends to make a competition of even the most simple facts or activities of life. I think it is much related to being bored of the activities... People just find that, for example, gardening is not fun enough, so they need to make a gardening competition.


3717  Economy / Gambling discussion / Re: Do you limit your gambling time? on: May 04, 2021, 09:44:57 AM
gambling is a trap for people who has greedy attitude and those who are desperate to want a faster increase in life.
Obviously, but we can't blame gambling for that as gambling exists for the purpose of entertainment, so as a gambler, we should be aware of the risk and in order to get away of the risk of getting addicted, then we follow the basic requirement which is to be responsible.

It sounds so simple but I know there are people who struggle doing it, but it's their fault, not gambling, and in the first place they should not gamble at all since they don't have the discipline.

It is not really greed IMHO, it is more like a click in some people´s brain that lead them to feel a strong stimulus when winning and not much of a pain when they loose. They appreciate two equivalent events differently so earning 50 makes them very happy and loosing 50 does not make them sad. Thus, an advice is to limit your gamble time, for example, gamble 1 hour a day and make sure that you can do so sustainability within your budget.
3718  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: May 04, 2021, 09:41:58 AM
For what I can see most of the people that are in signature campaigns that pay in bitcoin are the ones that have the best post quality
Bullshit. You are in the section for gambling and here write just those who get a payment in bitcoin. However, the section is swamped with the same type of discussion, and especially a lot can be found when users simply repeat one answer after another. There’s a lot of signature spammers as altcoin section.
Elementary example: I see an incredible number of discussions about what now (or once) high transaction fee.

^ I did not hear that dinabot, is that reliable to use and how it will work. They have an ANNthread here?
*** CryptoGamblersPub *** Exchange between/inside crypto gambling sites

Plenty of answers are repeated and spam is certainly a thing, but I have noticed a big difference between the campaigns that took place in 2017 and particularly those in 2018, in which crappy posts were so incentivised that there were sections in the forum that had lost any utility for anyone. My current experience is that the campaigns that pay in bitcoin can choose who participates and that is often based on posting quality and merit. They do want posts that the people want to read.
3719  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: May 04, 2021, 09:35:45 AM
UAE is more liberal when compared to the other Muslim countries, but there are a few things that you need to remind before visiting that country. Unmarried couples are not allowed as per the law, although it is tolerated to a degree. Recreational drugs are strictly prohibited, and in case you are caught, then you can expect the courts handing down a death sentence, which can't be appealed further. There are things that are illegal, but tolerated to a certain degree. But if you are unlucky enough, then you will be prosecuted for these.
Didn't know about this, I just assumed that they are all strict since Islam is a strict religion that has been following their Qur'an for a long time, not meaning to offend but being more liberal even though your primary faith is strict is a progressive thing to do.

Dubai is quite lax in their way. While they are a Muslim country, they do not feel the need to impose the religion as a matter of state, but rather as a social matter and a question of tradition and manners. Other countries in the area could learn that being flexible with betting, drinking and other "forbidden" activities is a sign of a strong system and not the opposite.

Yes, really, I forgot to say that.
I did a quick search around here and realized that United Arab Emirates and other countries are very religious and strictly follow their faith, for this and other reasons, is no gambling there, and these countries really don't need this to be able to improve their economy

UAE is more liberal when compared to the other Muslim countries, but there are a few things that you need to remind before visiting that country. Unmarried couples are not allowed as per the law, although it is tolerated to a degree. Recreational drugs are strictly prohibited, and in case you are caught, then you can expect the courts handing down a death sentence, which can't be appealed further. There are things that are illegal, but tolerated to a certain degree. But if you are unlucky enough, then you will be prosecuted for these.

I think that rather than luck is a question of knowing when and how you can get away with it. In essence, they are not keen in pushing foreigners to forcibly comply, but they won´t allow an open and public display of rule-breaking behaviour.

I remember the case of a couple that was not married and were working there. They did not hide that fact and they were told that either they married or they could not live together.
3720  Economy / Economics / Re: Using Blockchain to run economies on: April 29, 2021, 10:26:43 AM
You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

...

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

I am afraid that this is mostly wishful thinking. The "anarcho communism" is pretty much the opposite of what most crypto intend to create and in fact far from what they can actually generate. The end result looks much more like a cypherpunk libertarian capitalist society. What is yours is yours and you can freely trade with others... does not look much like communism does it?
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