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41  Economy / Economics / Re: COVID had widened the gap between world's richest and poorest on: June 10, 2022, 10:43:41 AM
It also made some places for the people working in the pharmacology sector, the way the masks and sanitizers went like gold, they honestly made most money. I do some people who literally became rich because of the covid. Other than that most of the people are not able to afford the healthcare as well which means that they have to suffer the ill effects, honestly this is getting harder every movement because even right now there are new epidemic to be coming in various countries like in London we are seeing the Monkey Pox growing and it would be even worse because of the the jubilee now, these effects are only going to get worse until and unless care is taken and with the war in Ukraine - it's been terrible and getting even worse, pushing people below the poverty line.

I can still remember how some sanitizer and musk were sold at double price than its normal price. There was a huge shortage in the supply because people were buying them in a rush. Selling face musk become some people's full-time jobs because of huge demands. TBH there fear that the media spread about the COVID-19 was overwhelming. I personally saw one aged person die because of COVID-19.

42  Economy / Economics / Re: Stable coin can solve poverty on: June 10, 2022, 10:32:20 AM

If govt really wants to stable the economy then it should have focused on holding the PPP of its currency by increasing or decreasing cash from the circulation. But what govt doing is adding more paper cash in circulation. This will never solve the inflation problem.

No, government should not be in the business of modifying their money supply. It never works. The centralized authority that the government-backed banking institutions have, at the direction of the federal reserve or whatever financial body, have proven themselves to drive economies into downward spirals.

The inflation pre-Ukrainian war was a result of money printing and COVID lockdowns. Government knew they could shut down the economy if they just asked the banks to print more money.

There is some serious setback to a fully decentralized economy. How you will implement law and orders in such an environment where no one is in control? Hackers and Drug deals have been made through privacy cryptocurrency nowadays. Money laundering, arms dealing, terrorist funding, and target killing can be easy through privacy cryptocurrency. There needs to be some involvement of the government to maintain law and order to prevent any negative activity.

The government has failed to stabilize the economy but that doesn't mean they can not. A semi-decentralized economy should be tested to get a better result.
43  Other / Beginners & Help / Re: Newbies and their Bounty scams on: June 09, 2022, 03:25:11 PM
Alot of newbies claim to be a BOUNTY MANAGER this days. To mention few:
1. Multiple Finance by Jerzei
2. Ani.Finance by AniFinance
3. Dhahab Sports token by DhahabSports
4. Fuloos token by FuloosIO

A BM account is a newbie doesn't mean it's a scam. Sometimes a project doesn't hire any BM from the forum and managers their campaign on their own. Sometimes they do buy copper membership but sometimes they don't. Actually, a BM account needs rank to show project-related images in their project announcement post and bounty campaign post.

If you look at the name of the BM account and project name then you can see most of them are managed by the project team itself. But I also agree about most of the bounty managed by a newbie is a scam or very low-budget project.
44  Other / Beginners & Help / Re: How much do you care when you wear a commercial Signature? on: June 09, 2022, 03:17:15 PM
Do you research before Apply?

Do you research the platform background, or do you examine its legitimacy? I am asking this because I never played on 1xBit, and I didn't get scammed by them. Before joining their platform or signature campaign, I wouldn't know they were scammers. Not only 1xBit. What about other platforms? For example, if A new casino platform offers signature campaigns, Or an exchanger offers a signature campaign, Would you join their campaign without researching their platform? If you investigate any platform, What is the process? How do you check if they are good or bad?

This is the most important part. I always do check about the project legitimacy and its potential if they are paying in an altcoin. I do not care if it's a Stable coin payout campaign( though I prefer to join a stable coin payout campaign) or an altcoin campaign. If it's an altcoin payout campaign then I tried to make sure this project has a future.

I do care about wearing a signature because I do not mind a little earning along with some learning.
Of course, the campaign members should always consider if the project has a future in the first place, otherwise most likely this project will end up as a scam. And its hard to accept that we have been fooled around and all our efforts have gone into waste.  That is why i prefer to apply in campaigns that are managed by some of my favorite campaign managers because the issues if its legit or not is something that i don't have to deal.  And i guess, good campaigns manager will never accept projects that would ever ruin their hard earned credibility in the market.

This happens many times to me. Some project looks attractive to me but they end up being a scam. On the other hand, some projects that I considered low-quality projects provide good profits for my work. And TBH most of the big earnings I made through signature is buying some low-ranking bounty manager. A reputable manager brings the legit project to the community but because of high workers and low budget in the end we get so little.
45  Economy / Economics / Re: Stable coin can solve poverty on: June 09, 2022, 03:11:58 PM
Plan to solve
Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount Smiley
And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

So you want to increase the circulation of money to remove poverty. The idea you are providing will cause more inflation in our economy. The price of goods will be higher because people will have a lot of free money in their hands which they will use instantly to store valuable items from the market. This will create shortages of goods supply than demands which will increase the price instantly.

If govt really wants to stable the economy then it should have focused on holding the PPP of its currency by increasing or decreasing cash from the circulation. But what govt doing is adding more paper cash in circulation. This will never solve the inflation problem.
Correct, and this is not a theory that we are formulating on our own, this is a historical fact, we have seen this scenario many times in which a government for some reason or another begins to increase the money supply to the point inflation goes out of control.

And things get so bad the only way they see for solving the problem is to keep printing money, but this is only a temporary solution as we know that the more money is printed the more inflation grows, and it gets to the point in which no one wants to hold fiat and some even begin to use barter as a way to exchange among them for goods and services.

I do not know if there is any proven formula for managing inflation or not but I saw a concept about elastic supply in the crypto space which got my attention. I think the theory is risky to implement in our economy but some crypto project is bringing this concept into their ecosystem to control the PPP rate of their token. Theoretically, it looks desirable but I am not sure if this will work or not.

Some will say this concept is like rebase token but it is not. There are many differences between them.
46  Other / Beginners & Help / Re: How much do you care when you wear a commercial Signature? on: June 06, 2022, 03:25:19 PM
Do you research before Apply?

Do you research the platform background, or do you examine its legitimacy? I am asking this because I never played on 1xBit, and I didn't get scammed by them. Before joining their platform or signature campaign, I wouldn't know they were scammers. Not only 1xBit. What about other platforms? For example, if A new casino platform offers signature campaigns, Or an exchanger offers a signature campaign, Would you join their campaign without researching their platform? If you investigate any platform, What is the process? How do you check if they are good or bad?

This is the most important part. I always do check about the project legitimacy and its potential if they are paying in an altcoin. I do not care if it's a Stable coin payout campaign( though I prefer to join a stable coin payout campaign) or an altcoin campaign. If it's an altcoin payout campaign then I tried to make sure this project has a future.

I do care about wearing a signature because I do not mind a little earning along with some learning.
47  Economy / Economics / Re: Trouble in paradise for India? on: June 06, 2022, 03:07:02 PM
Hey Majestic-milf,

keep yourself a little bit up-to-date on what's happening around the world instead of reading an outdated article that was published in December 2021. We are in 2022 for your kind information, that is too June. So wake up!

Inflation has been a problem for the entire world. But two things have recently happened,

1. Russia agreed to sell oil to India at $35 discount per barrel.
2. OPEC Plus countries have decided to increase production from July and continue in August as well

These will drastically increase the oil supply in the world market and the price of the oil will come down to a great extent. Now along with interest rate hike and cheaper oil, the high inflation should come under control by the end of the 2022.



Hmm, India is buying oil at a discount rate but they are selling those oil by refining to European countries when oil price in their own country is skyrocketing. When people are suffering because of these price hikes then govt is making a hell lot of money.

They can not reduce oil prices in their country when they are already buying it at a discount rate then how OPEC countries increased oil supply will decrease the oil price?
48  Economy / Economics / Re: Crashes are The Best Times to Get Rich - Robert Kiyosaki on: June 06, 2022, 02:58:05 PM
I have seen some of his tweets and found those somewhat interesting. I think these people are the way to understand the next move in the market. All of their behavior is the same.

If you can remember last year when BTC touches the 60k market then most of the crypto influential says it will surely touch and cross the 100k mark which never happens. Actually, those were the indication of the top and later BTC goes close to 70k and crashes from there. Those influencers were actually selling their BTC when provoking people to invest more to hold their sell pressure. I think Robert Kiyosaki is already buying or already bringing a good chunk of BTC and the price of BTC will never go to 11k as he stated in his tweet. These tweets were just to provoke retail investors to sell off their bags so that these people can grab more without moving the market.
49  Economy / Economics / Re: The effect of the 100 day war on Russia economically on: June 05, 2022, 02:55:31 AM

Russia is not the only country that is affected by the sanction. It is true they are not earning from their trade export goods but Russian people are also not suffering from food shortages like EU and African countries did. Cooking oil become a delicacy in some European countries. African and some middle eastern country is having a hard time with food shortages due to a lack of wheat supply.

Sanctions work both ways, but as I mention, the politicians don't care. They're wealthy enough.

They do not care because people support them in their decision. Those who are screaming and blaming govt and politicians for the high price of gas, oil, and food also support sanctions on Russia. The only way the world can be saved is by lifting all the sanctions on Russia and solving all the matters with negotiation. Europe should not dance with every command of the USA. They saw the USA only caring about their own interest.

The USA wants to continue this war because now they have a chance to weaken Russia and earn money by selling arms to Ukraine and other EU countries. If the USA succeeds to eliminate Russia its next target will be China.
50  Economy / Economics / Re: World has just ten weeks' worth of wheat left after Ukraine war on: June 04, 2022, 01:27:54 PM
Yep, Ukraine mined the way out of Odessa, fearing a Russian landing. This was announced in early March by the Navy of the Armed Forces of Ukraine on his Facebook page. Later, of course, Ukraine tried to blame everything on Russia, but it didn’t work out.

I beg your pardon - as always, you pulled out a piece of text, and now you also lied, saying that you had mined the Black Sea area! And all in order to try once again to justify the world terrorist - Russia! And it's easy to prove, very simple!
1. Ukraine mined by setting "minefields", but ... COAST and COASTAL zone (up to 1 km, from the coastline), so that the landing force could not set foot on the ground, and not disrupt maritime traffic throughout the region.
2. Ukraine did not mine the coastal zone with free-floating mines.


There are over 400 mines in the black sea area. So Russia plant them to prevent their own landing? That didn't sound totally idiotic? If Ukraine only set minefields in the coastal zone then who place those mines? When FSB is accusing Ukraine to put those mines in the black sea ( which is logical by determining the situation) but Ukraine denied it.

I do not trust what the Russian or Ukrainian side said. If I justify the situation and possibilities then putting mines in the black sea from Ukrainian is more logical to me.
51  Economy / Economics / Re: Stable coin can solve poverty on: June 04, 2022, 06:13:28 AM
Plan to solve
Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount Smiley
And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

So you want to increase the circulation of money to remove poverty. The idea you are providing will cause more inflation in our economy. The price of goods will be higher because people will have a lot of free money in their hands which they will use instantly to store valuable items from the market. This will create shortages of goods supply than demands which will increase the price instantly.

If govt really wants to stable the economy then it should have focused on holding the PPP of its currency by increasing or decreasing cash from the circulation. But what govt doing is adding more paper cash in circulation. This will never solve the inflation problem.
52  Economy / Economics / Re: What is the golden rule of investment? on: June 04, 2022, 06:04:44 AM
I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.

This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.


If we do not help each other with business or investment then no one will be beneficial. Your less affected friends and fully affected friends both heard about luna from someone. That someone also heard about that project from someone else but everyone here is not equally affected. This happens because one was aware of the risk so he diversify his investment and one was not so he lose everything.

Financial advice can be shared but also aware of the risk involved. If you didn't warn them about the risk then it's your fault too but if you warn them about it then it's their fault that they became greedy.
53  Economy / Economics / Re: Bitcoin Is Legal Tender in El Salvador, Here’s How It’s Going on: June 03, 2022, 06:06:12 PM
I imagine that we all had very high expectations in this respect, but on reflection, El Salvador does not seem to be a country where the population in general is massively adapted to new technologies, so it is normal that bitcoin adoption is slower despite being legal tender. If we add to that the volatility and the fact that the price has not gone as well as many of us expected, I think it is normal for things to be slow.

Regarding the Chivo wallet downloads, I think this has already been discussed in another thread. It is normal for them to decrease, as the population of El Salvador is finite and once practically everyone has downloaded the APP, it is normal for downloads to decrease.



After hearing the name El Salvador the only thing that came to my mind were guns, drugs, and murder. Govt offers some rewards for Chivo wallet users so people download that. I think most of them didn't even use that app later. A dangerous place is full of drug and arms dealers it is normal that the society is not that developed and ready for mass adoption of crypto.

I think crypto has been already used in that country for illegal activities. Still, if the country can really offer some benefits of using crypto then general people could be attracted to use it to run their business.
54  Economy / Economics / Re: Food crisis coming? What's wrong about it? It could be good on: June 03, 2022, 05:57:57 PM
So you are indirectly saying that the people from the poor countries should starve to death?

You should understand that each and every government does hold a responsibility to provide for the people that they have been elected by. Most of the developed countries came into position because of these poor countries that they looted in the past thus for them to provide humanitarian support is no big deal.

The crisis is coming and some are better prepared than the others but that does not mean that you can ignore the plight of the other side, decreasing the population inevitably is important but how we can do is by family planning, education, not natural selection.

His post shows the mentality of western people towards the rest of the world. He forgets that their so-called developed country economy is dependent on the cheap labor of that African and Asian countries. Without those populations, their economy will not survive. In this world, we all depended on each other at some point. Look at the Russia Ukraine war and how the whole world is suffering because of them.

Western countries are just interested about increase and holding their influence over the rest of the world. They do little care about family planning and education. They are more interested in spending millions of dollars to supply weapons to those countries rather than spending those for some actual development.

55  Economy / Economics / Re: The effect of the 100 day war on Russia economically on: June 03, 2022, 05:43:36 PM
As it is, Ukraine is not just the only victim of the war even though they are the worst hit; Russia are also licking their wounds. As a result of the war, news outlets where one can read, watch or listen to news no longer have independence to be aired as they have been either blocked or shutdown.
 Hundreds of companies have pulled out of Russia in protest as a result of the invasion in Ukraine.
Russia meanwhile believe that this attack is not a war; rather a necessary operation designed to fight Nazis, Ultra nationalists and bring about peace and liberation ( what a funny way to go about it, if you ask me).
 Although the Russian economy has not collapsed under the onslaught of sanctions, but the world's largest country is now unable to import many of the goods it once did including high-tech semi conductors.
 The EU's oil embargo alone is expected to cost Moscow billions of dollars in lost export revenue. Do they have a backup plan or is this economic suicide?? https://www.bbc.com/news/live/world-europe-61656289

Russia is not the only country that is affected by the sanction. It is true they are not earning from their trade export goods but Russian people are also not suffering from food shortages like EU and African countries did. Cooking oil become a delicacy in some European countries. African and some middle eastern country is having a hard time with food shortages due to a lack of wheat supply.

Everything is getting harder for the rest of the world and it seems to sanction Russia is like the west putting fire on their own house instead of their enemies.
56  Economy / Economics / Re: Crypto exit strategies on: June 02, 2022, 04:13:41 PM
Usually, first-time crypto investors focus on entering the crypto market. But it is important for beginners to know how to exit the crypto market to take the maximum profit or save money.
Common strategies that beginners can use without specific knowledge are:
  • A price target
    Dividing coins
    Dollar-cost average
    Exit by return
    Exit by cycle
There is more detailed info about exit strategies https://www.linkedin.com/pulse/crypto-exit-strategies-evbblock/
Do you know other strategies?

Actually having an exit strategy is more important than the entry. A bull cycle can easily be identified and people can enter the market but when you are talking about taking profits then it's a bit harder to determine the perfect time. Because if you do not exist at in right time then you have to leave big profits from the hands.

Actually, I try to wait for the market trend to turn from bullish to bearish. It can be identified by investigating certain elements like people's sentiments, whale's behavior, etc. Like when people's sentiment becomes too positive and they became confident about more upward momentum then you should be ready for starting off a bear market. In these points, I would like to cash out most of my funds from the markets.
57  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 👉 Seasonal Tokens Campaign 2.0 | Budget: $5k ~ BTC | 5 weeks. ESCROWED. on: May 31, 2022, 08:05:09 AM
username: laredo7mm
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=315682
Telegram Username: @btoc7
Participated Campaigns: Signature
bech32 BTC Address: bc1qfzfwfvzystjrcv539njkpe63wum4djd0tdx36x
58  Economy / Economics / Re: How DCA Could Have Prevented Your from Losing More on: May 24, 2022, 02:59:41 AM
I have already mentioned in my first post how to identify one. In a bear market price of most coins will gradually create a lower low. Yes, you could see some recovery after every crash but it will crash repeatedly. This is how a bear market reacts. It is not that hard to identify a bull or bear market and in every bear market, most of the coin prices went below 80% of their ATH. You can check that by yourself.

So, according to you, was the May and June 2021 a bear market? We had a low of 45k on May 12, 42k May 15, 30k May 18, 28k Jun 20 = gradual lower lows.

I don't agree with you, it's really hard to identify a bull or a bear market in cryptocurrencies. Most people identify it long after the fact.

If we are at these 80% bear market crash predictions, what are your thoughts about bull market highs? I agree that we had these ~80% pullbacks in 2014 and 2018, but those bull markets were also much different with over 1000% gains. This time, for the first time in history, the bull market (at least that's what people call it) ended with the smallest gains ever of around 350%, which is barely a third of what the previous bull markets were able to deliver.
I feel like we should compare highs and lows of the cycle instead of focusing on one side of the story.

In a bull market, it is the opposite. Most of the projects made multiple X within a month. This time we saw the ROI is lower because the market becomes bigger. Do not look at the ROI instead look at the amount of volume or money inflow in this bull season compare to the previous one. You will be this number is getting higher in every bull season. I am also sure in the next bull season we will see multiple X cash inflow than this season but the ROI will be smaller than this season. This is the nature of crypto. The more mature the market will become the less volatile it would be.
59  Economy / Economics / Re: Sanction isn't the right option on: May 23, 2022, 04:39:56 PM
Meanwhile, according to JPMorgan, the Russian economy did not justify the hopes of the West - it did not collapse. Grin

They put sanctions and at the same time keep buying gas and oil from Russia. Is that a joke bro! If you want to destroy someone's economy at the same time you can not stop his stream of revenue then why do you put sanction in the first place. I think west has gone mad and they do not know how to get out of this situation. Putin really played a mind game.
I totally agree with your opinion, your review is very reasonable, Putin really racked the brains of European countries, after European countries imposed sanctions on Russia, but European countries actually bought gas and oil from Russia, it seems European countries can't control Putin, instead On the other hand, Putin made European countries feel the impact of sanctions imposed on Russia, really like a joke.
Very right. Lol - all the European countries are putting bans on Russia and hence they are dependent of Russia for the oil and gas supply.
What a joke. Now what if Russia puts sanctions on all of them. The war will be over soon - but the after affects will be everlasting!

I do not think Russia's sanctions will be effective and Putin has any plan to do that. After all, this has been done by Putin to secure his gas and oil business with European countries. A large portion of russias's economy is dependent on this source of income. This was a bet for Russia which seems to be the right choice for them but if they lose this war they will lose everything.

Western countries desperately need importers of gas and oil from Russia. as if they didn't need it, in another session they imposed tough sanctions on Russia for its invasion of Ukraine. In that event they wanted to bring down the Russian economy, but without realizing it they were caught in the batman trap of the Russian state, what a fool.

Actually, I saw that on the news. Some European countries desperately went to some African countries to find an alternative. Actually, the most affected country in the EU is Germany. Because they have automobile factories and I think most of the big tech manufacturing hub is in Germany which desperately needed gas to run. Germany needs Russian cheap gas to survive their economy. Some expensive alternatives will not bring any solution.
60  Economy / Economics / Re: Using plants as a savings account on: May 23, 2022, 04:34:47 PM
Most of the people opt for organic way of giving fertilizer to the plants.
However not much big investment is need - what is needed is consistency and care to keep the plant growing - nothing special

Organic fertilizer could be good for nature but it can not prevent the attack of insects. If you are a gardener or have fruit trees then you must have to know how much take care and medicine fruit trees need to prevent any disease or attack of insects. Sometimes small animals and birds makes problems by destroying fruits. It's not like you plant a tree and expect tons of fruits every year by doing nothing. Also if you are thinking about making business here by selling fruits then you must work with a big number of plants not a few of them.
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