So it is finally acknowledged to be legal tender and not legalized currency or a means of payment, the news over the last few days has been all over the place. This is wonderful news, unless I am missing something: the first country having its own currency (CFA) and still adopting Bitcoin.
Not so much their "own" currency more like the euro model but on top of that with a pegged currency, I don't know how this could have even worked, but looking at the economy of those countries, yeah it didn't. For visibility here is legislation in the text :   Excuse my french but doesn't that thing make all cryptocurrencies legal tender? There is no bitcoin there it's just cryptocurrency as far as I'm reading. The CAR is also having the same condition where the country is dominated by the US dollar for trade off and buying/selling of stuff so you see they find an opportunity to free from the chains of USD through this bitcoin and providing people with decentralised control of their funds and ownership of funds to them.
They have their currency pegged to the Euro, their imports come from Europe mainly, and their exports to China and the EU, why would they even consider using the $ and not the Euro for example? |
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Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC. According to Gazprom, so you could trust this just as much a badger doing your algebra homework.. Meanwhile, the only trustable news is this: https://twitter.com/karlnehammer/status/1519236100375601152Before fake news of Russian propaganda is spread further here, OMV will continue to pay for gas deliveries from Russia in euros. Austria is sticking to the jointly agreed EU sanctions. As usual, misleading Russian fake news, who are those four European buyers? Hungary, Transnistria, Serbia and Abkhazia? Use your brain, gas was already paid via Gazprom so how can you claim that 10 countries opened accounts at the bank now? Go grab 3 sims copies! |
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Hihi, this is going to be funny https://www.nysenate.gov/legislation/bills/2021/a7389/amendment/cSome of the miners won't be affected, the ones in the north that have managed to get contracts for hydropower near the border or from Canadian imports might get a breather. Others are in deep trouble. Stronghold is done for, they have just invested million to raise the production to 500 MW Crypto Throws the Coal Industry a LifelineAtlas has a gas plant that is already in trouble at Finger Lakes. Both companies are the ones signing that BMC "fact sheet" about being 60% green, just lol. Anyhow, it's New York, this won't be a huge problem, you can move to Texas still has 80Thw of excess power near matching what Kazakhstan produces overall. But if Texas goes "green", it's going to stop being funny at all. I do not know why also other industries are not banned not to use electricity that produces carbon in their operation.
Well, this is imho a great point and, if US legislation works in the same way as my county's, this can be attacked for discrimination and get "nulled". Won't work in court. Ignoring the fact that the state has the power to suppress any activity in the state by law, the thing will start with the fact that the mining operations do not provide a direct service or product to the people of New York, and good luck convincing a judge how an individual miner is essential to validate some tx other can just as well. |
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@stompix: The entire point of the thread is that renewables are still (in many regions) not the cheapest option. So again, miners need additional incentives to change to 100% renewables. But if current tendencies continue, then this will be the case in 5 years or less. So the goal would be to get miners to operate now as if costs were from 2027.
And I'm telling you what's going to happen. Nobody is going to give subsidies to miners in this energy crisis and no miner will be able to compete with others with unsubsidized green energy. The outcome will be as simple as the first days of covid when you had to either pay 5 euros for a mask or cut your t-shirt to make one, except that now you're going to have to pay some African warlord or some Asian dictator another fee on top of your bitcoin tx fee so you can get your transaction confirmed, a ViaBtc accelerator mandatory and not free. But this was three years ago; if we continue with the tendency of 13% price fall per year, then we have 5.91 cents for 2020, 5.15 cents for 2021 and 4.48 for 2022.
And by 2050 we will get paid to burn electricity, right?  Ouarzazate has also the advantage that it's mostly a CSP plant and produces some energy also at nighttime due to molten salt storage.
When a 100MW plant produces 380Gwh a year and has storage capabilities for 7 hours, there are 9 hours a day missing from the scheme!  A more modern CSP plant, Cerro Dominador in Chile (inaugurated in 2021), has already a better efficiency: it costed 1 billion USD for a production of 950 MWh/year. With operation costs and assuming 40 years of operation we're getting values slightly over 4 ct/kWh. One of those numbers is definitely wrong. Also: https://www.reuters.com/article/us-chile-energy-solar-idUKKBN1X9132But two years later, Abengoa came close to bankruptcy and was forced to sell Cerro Dominador, slowing construction of the plant as new buyers were sought. The delay was costly.
By the time the plant was resurrected last year with funding from banks, the Chilean state and U.S. private equity firm EIG Global Energy Partners, it was no longer competitive, or particularly sustainable. So 1 billion and then it had to be bailed out by the state. What a surprise. |
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Seems like everyone abandoned this service, or everyone is happy and they have nothing to complain in this topic, which of course it's not my case. Since I've got a new phone I planned to do a lot of app cleaning, found wirex again, I wanted to see if it still works, suddenly the balance is 50 euros in wxt, since I had that wallet ignored previously I wasn't aware of the how much reward I had, so I said, let's spend it, blackjack and hookers! Not so fast, when I tried to exchange my wxt seems like I need at least 18154 wxt at a price of 1euro =131 wxt so around 140 euros as they've probably set this limit to be around 150$. So to get my so much advertised crypto rewards I would need to spend 30k euros on the standard plan!!!! I know for sure there wasn't such a high limit before as I did trade some a year or so ago but now, this is pure bs. LE: Want more rewards?, instead of 0.5% to 2%, so easy, just stake 10k euros with us! Seems like I'm going to toss them all in the shredder. |
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I think Poland is chosen by Europe as the advanced vanguard for reconnaissance in force, to see how serious Russia's intentions are to turn off the gas in case of non-payment. Now Europe has to pass the test of how United it is.
It's the opposite, Russia tries to test the waters. Poland has already told Russia it will not renew its contract because it's getting the gas from Noway via the Baltic pipeline, this was known from the start of the year well before the war started: https://warsawinstitute.org/polands-plan-challenging-russian-gas-dominance/The Yamal natural gas contract, signed in September 1996 between the Polish gas company PGNiG and the Russian energy giant Gazprom, expires on December 31th, 2022 and will not be renewed, since gas will be imported from Norway from the 1st of October, becoming more independent of the whims of the Kremlin. So basically Russia stops deliveries to somebody who didn't want them anymore! As for Bulgaria, it's the easiest target they could find, highly dependent and poor, with a lot of pro-Russian sentiment, if they would really want to test Europe they would cut gas to Germany, or, they would stop paying Ukraine for gas transit money! But they know that if they go that way it's game over and there will be a lot of gas flaring happening. Sokol is trading at 73.78 and Ural at 76.40, seems like deliveries to India and China are not happening or what? |
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I think this is personally a great idea, Cryptocurrencies for many years have always had some kind of link to illegal activities, doing this will slowly prevent illegal transactions and actually help regain trust in the Crypto world,
Why do you need this "trust" ? Oh wait, I already know, because you're not interested in what cryptos are but because you care so much about the price, am I guessing right? Bitcoin already has all the trust it needs, that's why is valued at this ~40k, not because some government says something, bitcoin is valuable exactly because it's your keys your money and nobody can touch it, the moment any cex or so-called de or authority will be able to ban addresses, reverse transactions just because they think something is not right that's the moment crypto will be a failure, it will be just like tradable stocks nothing else. My question for you guys is where is the decentralization in the crypto space? I keep telling a friend that decentralisation in crypto space won't work out 100% because this will increase the crime rate in crypto space, the law will force those dex to take actions or face the consequences of nailing them for giving criminal a clear passage to accomplish their crime activities.
You can't force a true DEX to do anything! There is nothing stopping a truly decentralized exchange just like it's impossible for someone to block everyone from saying "hi" to other people, in a true dex there is no central point that can intervene in anything, it's decentralized! so no administrative authority! |
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Interesting how "highest quality of life" means also highest suicide rates  Hm, I don't see many developed countries in the top 20-30 countries by suicide rates. The west is bad bruh! Everything here is bad! Reminds me of that joke A Russian guy wakes up, stops his Japanese alarm clock, goes to the bathroom shaves with his American razor, drinks a coffee from his Italian coffee maker while watching the news on his Korean tv, grabs his iPhone, jumps in his German car, and while cursing the Russian potholes arrives to work where while smoking some Gauloises he tells his colleagues how everything from the outside is bad. The list was way longer but you get the point. We have a similar situation here in Croatia (we were part of Yugoslavia that was socialist country for ~45 years), where people talk how communism was/is great and how they think that the way Outin runs Russia is great but they all fled to western Europe countries like Germany/Austria/Ireland instead going to the east. I wonder why . Just like that Russian lady the other day swearing at a Ukrainian girl in Sweden, how bad Ukraine is and how Russia is great with her living for 30 years there, the Russian is so proud of their country but everyone tries to get out of there. Communism and socialism are nice on paper when you live in a capitalist country and you don't have to wake at 6 in the morning to stay in queues for milk, once you have a taste of it suddenly you realize capitalism is way better. You are seriously misinformed.
There is no doubt that Russian military equipment is very weak but it is just as weak as their Western counterparts.
That's why the wanna-be superpower from the middle east is still flying American F4 and F5 built 50 years ago? |
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Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To 'Blocked Activities'
Repeat after me, decentralized exchange blocks users, decentralized exchange blocks addresses and ips, and if you're wondering why I ask you this do it till you finally realize that a truly decentralized exchange won't be able to do such a thing. This is why the whole Defi is just a buzzword and the whole industry is just a failure, there is nothing truly decentralized, it's just like the FinTechs were supposed to change how we do business with the banks and credit cards and in the end, ended up becoming banks and using the same infrastructure. Same here, all these Defi exchanges are turning into things just as centralized as the traditional cex. Not to mention that the shitcoins are now just as centralized as you can get so they might simply block your address from transacting on a whim. This exchange isn't good anymore, who's next?
All! Sooner or later all of them will end like this. |
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Things are getting interesting again, looking at Phil's post in just 5 days we went ahead by 64 blocks: Latest Block: 733646 (43 minutes ago)
Current Pace: 105.1064% (1839 / 1749.66 expected, 89.34 ahead)
Next Retarget (earliest): Tomorrow at 7:24 PM (in 1d 4h 4m 0s)
That means nearly 13 blocks more per day, 9% a day above the previous average, and!, all this with the price going down from the previous period and not the best timing in this one either. So, early May shipping from Bitmain and Micro? Let's assume it's just 5%, that's 10 exa, ~90k s19pro, or 70k s19xp! |
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I researched almost all sectors that you can do biz with small capital ...on any of them i try biz plan they fail...
Exim is dead Fast food / restaurants are dead Tourism is dead
Construction ...no one is buying / construction materials prices are up
Transport is a nightmare this days
Real life news :
Vegetables ,food has become much more expensive , taxes increased ,now around 30% of world population is without a job .
Riots in the USA,UK etc China - India preparing for war In my country now they are floods after drought , we supply the world with agricultural products ( same situation for other countries like Poland,Russia,Ukraine etc )
North Korea preparing for war ... Hyperinflation knocking at our door ... Europe / Uk problems ( Brexit etc)
spy100 in 2200: The world is going to end, I'm telling you!!!! Crypto dev is dead ...very few are buying and want small projects
Glad to hear that, so this means nobody is buying your scam coin? Are you serious lol. These professions are still pretty hot and understandably so — we're in the freakin age of work-at-home, people on their phones all the time, and digitizing almost everything.
Yeah, unfortunately, he is serious, he thinks that because he can't afford to go on vacation tourism is dead, because nobody wants to buy his crappy WordPress themes the whole websites sector is dead, because nobody buys his scam coin, crypto is dead, because his girlfriend has broken up with him there are no women left in the universe. But the main problem with him is that unlike other trolls who usually abandon their tagged account this guy clings to them using all of them at once making this shit. Let's just hope the mods have had enough of him. |
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The below article is one of those that states that:
- BTC has not become legal tender in the CAR
Nobody read the articles anymore, it's one tweet laser eyes and the horde will repeat that ad nauseam without even caring what the real news is about. But still funny how lately we've seen these initiatives from the poorest of the poor like Honduras, the poorest region of Portugal, and now CAR which beats all records to date. That aside, if the If that "authorized entities" wasn't worrying enough, the next paragraph: The new crypto law has also made provisions for offenders who break the laws. According to one report, offenders could be jailed for up to 20 years and fined between 100,000,000 to 1,000,000,000 Financial Community of Africa (CFA) francs. Central African Republic is the 2nd poorest African country, having only $988 GDP per capita,
That's PPP, it doesn't matter when we talk about Bitcoin, the average nominal is $500, yes you can afford more food for those in CAR than in the US, but it will only get you $500 worth of Bitcoins. Not to mention tx fees will not be related to the purchasing power either. |
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Renewables are profitable only with subsidies. That was the case until a couple of years ago, so it still applies to the Ouarzazate plant which was begun in 2013. But the tendency goes into the opposite direction. From 2013 to now the prices for solar energy fell by more than half according to this source and this wikipedia article shows (with many other sources/graphs) that they're increasingly competitive. I'm still not convinced. Smiley
How about we talk numbers? Ouarzazate produced 1470 Ghw a year, let's make it 40 years with no operational costs, that's 58 Twh, or 58 billion kWh for a price of $3.9 billion. How much does it make in cents/kwh? Or let's go for solar panels, average low in the US (cheaper than Europe) get's you $2.75 per watt. So a 10 KW panel is 27k, which with the average sun in Europe will get you 18Mwh, fast forward 30 years 547Mwh, you're not going to like it when it goes to cents/kwh  . As for your link.. Costs for solar and wind power technologies also continued to fall year-on-year. Electricity costs from utility-scale solar PV fell 13% in 2019, reaching a global average of 6.8 cents (USD 0.068) per kilowatt-hour (kWh).
At those costs, the entire BMC would be bankrupt . Then again, if green energy is so cheap how comes that after burning half a trillion Germany still has such prices and still imports energy from Denmark and Norway whenever there are two days without sun and it's still dependent on gas turbines and coal? Hydro, that's quite reliable, wind, it can be too but it's pretty restrictive, solar is a joke, nuclear beats the crap out of every single other form. |
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We have gone ahead and added the source link which we used for reference in our whitepaper. Also, we have removed the irrelevant plagiarized content. Additionally, we have taken the necessary steps with our copywriter to ensure this doesn't happen again.
This doesn't solve a thing. You've just proved you're unable to add a text of your own in the whitepaper and you just credited the sources, it's like a thief acknowledging from where he stole the goods from, you think everyone should be walking free after that because of a confession? The only thing that is proven here is that you have no concept, no idea of your own and that your team has actually paid somebody to write a whitepaper because you are unable to, a thing that looks even worse than copying paragraphs and plagiarism. Hope, this resolves the issue you have raised, and we kindly request you to remove this post if you are satisfied with the steps taken from our side.
It doesn't work like that around here, fortunately. Furthermore, your "bounty manager" is a guy that was tagged for doing the same shit one month ago, so he will get another one again. |
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I understand that the United States has the largest market and so on, but you don't know the Chinese.
Stop forcing an entire country into your patterns, a week ago there was another Russian guy who claimed the Chinese don't like cold. Chinese are different from guy to guy, Cz is not Ma, and Xi isn't Jackie Chan, even when it comes to Bitmain do you think it's one sole company with a single guy in charge?Look at this: https://www.coindesk.com/business/2020/03/09/exiled-bitmain-co-founder-is-fighting-back-with-second-lawsuit/Who are the Chinese here and which one is the bad guy and which one is the good guy? Stop this, each individual and each business cares only about itself, they won't sell 100 miners for 40 septillion roubles at the risk of losing 1$. And btw: Is Union pay Chinese? UnionPay suspends negotiations with sanctioned Russian banksIs Sinopec Chinese? China's Sinopec pauses Russia projectsSome people just can not imagine another country could or will take the position of the USA as an economical powerbase.
Not a country with an economy of the size of Italy soon to be Portugal At least Their 'One Belt, One Road (OBOR) initiative refers to that. They could succeed also they could fail but it is clear now the USA is facing challenges to keep its unipolar power intact.
Read the news, China has already launched initiatives to bypass Russia in their new project. Oh wait, in Russia probably all the news is about how you're one day ahead of conquering Lisbon. |
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In the end please I will appeal for unban, please visit my posts history as a proof, my intention never been to spam or account farming or merit farming whatever I fall into.
You're the guy that sent me a message to delete my post that was pointing out clearly you were making topics out of one-click copy-paste and not even bothering to check what you have posted one full hour after it. Obviously, you had prepared texts for topics on WO and for posts and you messed them up rushing to be the first to get merits. All your history screams merit begging and you try to farm that in the WO topics with useless memes and news bits. I can only say that I put the OP on ignore because of his pointless posts in the WO which included oversized images for which he was repeatedly warned.
I've put him earlier on ignore after that thing with the topics I've mentioned and after seeing he can't take a break from pushing religious propaganda around. |
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Déjà vu We don't expect news coverage to always be positive, or even balanced. But we expect it to be fair and accurate. In this case the article has been carefully written with a narrative in mind that provides just enough balance possible to try to avoid a legal complaint.
Unfortunately, Reuters, one of the most esteemed and trusted news agencies, published this article that completely contradicts the reputation this outlet has built over the years and is not representative of our experience working with countless other journalists in their organization. 2018 Mar 22, 2018: https://twitter.com/cz_binance/status/976783934074732544Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them. Mar 23 Crypto exchange Binance ordered to suspend operations in JapanIt's not going to be that fast but how long do you think it will take to find out all the data at Binance has a clone on the FSB's servers? 7 oligarchs have committed suicide this year, 2 just last week, and you're telling me that guy (Gleb Kostarev) still lives in Russia, has no problem with tea, windows, fires one year after denying them access to the servers, and to all the data of the customers? Fuck Binance. Handing over the data of anti-corruption activists and politicians to Putin's party, so they can be allowed to keep operating in the country.
And now imagine some Russian guy has used an address linked to his Binance account to donate some coins to an Ukrainian fund So, what benefit would they get in providing data to Russia? Unless there's something more underneath it all.
Staying alive and continuing business? Or face the consequences? - Sergei Protosenya, a former top executive at Russia’s energy giant Novatek, was discovered dead in a rented villa in Spain on Tuesday, along with his wife and daughter, who were reportedly on vacation for East
- On April 18, just а dаy before Protosenyа’s body wаs discovered in Spаin, former Gаzprombаnk vice-president Vlаdislаv Avаev, аlong with his wife аnd dаughter, wаs discovered deаd in his multi-million dollаr аpаrtment on Universitetsky Prospekt in Moscow.
- On March 24, Russian newspaper Kommersant reported the death of billionaire Vasily Melnikov in his luxury apartment in Nizhny Novgorod Melnikov—who reportedly worked for the medical firm MedStom—was found dead in the apartment together with his wife Galina and two sons.
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Pretty simple, it's about controlling the currency. Should we work by the assumption that USD now is their major standard reserve currency that determines their own hyrivnia or they are working partly in favour of US to help them at the cause of the war the more not minding the cost. There is no assumption. The USD is the standard reserve currency, no matter what hate the USA groups try to picture with their propaganda it's the $, far behind the Euro, and then the rest don't matter, even Russia held it's reserves in $ and more importantly in banks on US soil. No assumption, that's how things work. Why am much concern about this is that Ukraine has their own hyrivnia as currency not that USD is their standard major currency over there, same as we have many countries with their local currency and USD just just a standard most reserve currency for exchange.
What's the concern? Damage on which side please? USD or hyrivnia currency? are they saying bitcoin will only compound to the falling of USD or hyrivnia? if used, because am not clear with the idea here?.
Of course the hryvnia, how could an economy the size of Nebraska damage the US. El-Savador was in debt before adopting bitcoin and they are going smoothly with an unregrettable decision.
El Salvador is going further and further in debt. They wore forced to take another $400 million in debt to cover government spending and their deficit to GDP for 2021 is close to 8%. They are asking the FMI for billions in loans and their whole Bitcoin stash is worth just around 70 millions, actually they've lost money at the current price. Remember how he bought the dip at ~$48,670?So no, there is actually not a single thing pointing out right now that BTC has made some significant impact on Salvador economy. |
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How the fuck is Russia going to replace the European market?
Russia has two options:
1. China - After Saudi Arabia, Russia is the second-largest gas & oil supplier for China.
Before anyone even starts thinking of it, here is an article from the South China Morning Post, the arm of the English language propaganda of the CCP https://www.scmp.com/news/china/diplomacy/article/3172028/russian-gas-sales-china-will-not-make-loss-european-marketsShort story: Russia exported 16.5 billion cubic metres (bcm) of gas to China in 2021 via pipelines and in the form of liquefied natural gas.
However, Russia is exporting about 170 billion cubic meters (bcm) of natural gas to the European markets every year and the prices for the two buyers are “dramatically different”, according to Mitrova. When the line is in operation by 2026, the annual supply of pipeline natural gas from Russia to China will rise to 48 bcm, nearly five times the 2021 figure. Russia can only sell 10% of the gas it sells to Europe to China, there are not enough pipelines, and even the ones in construction expected to be finished 4 years from now will only have 1/3 of the capacity. As for selling gas to India, good luck, there is no such thing even in construction. As for oil, it doesn't even matter, all that Europe has to do is outbid others, let's see who can afford gas at 3 euros, the EU or Africa or South Asia. |
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how about the icelandic geo-thermals.. oh you forgot them too.. ?
Iceland's total geothermal capacity is 755 MW. Only one of the facilities Maraha has at Hardin is 110 MW and the one in Texa is 300 MW. Iceland's total production from geothermal is 6,010 GWh, so in best case scenario they could host 150k s9j or roughly 7% of the total hashrate (for now) and only if they shut all the other industries on the island. Now since you're such a know it all, can you please present some facts and data about how much of the current hashrate is in Iceland? |
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