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4161  Alternate cryptocurrencies / Altcoin Discussion / Re: CoronaCoin More drama, third exit scam and discord deleted on: April 02, 2020, 12:46:12 PM
Isn't it an obvious scam (or joke)? I wonder who will invest in such a coin?
Anyway, I think this community did a great job with scam accusations and stuff. We need to "protect" newbies from apparent scams so that crypto can be mainstream.
4162  Economy / Speculation / Re: Halving, who's closest with actual Nrs TAKE A CHANCE on the LIST !!! on: April 02, 2020, 12:31:30 PM
Who's the winner? dothebeats? lol, lucky bast*rd Grin
Congratulations mate! And thanks to El duderino_ (it's mic right?) for this contest.

Never come to my mind that we will have this virus ruining our life. Guys, stay safe and keep washing your dirty hands!
4163  Local / Bahasa Indonesia (Indonesian) / Re: COVID 19 dan Resesi 2020 on: April 02, 2020, 12:19:54 PM
Oiya, saya baca2 kalau resesi ini bisa menyebabkan deflasi ataupun sebaliknya inflasi. Nah kalau dengan situasi pandemi yang seperti ini, akibatnya akan cenderung ke deflasi atau inflasi?
Ya tergantung respon pemerintah (central bank) ketika terjadi krisis. Dalam ekonomi kan ada istilah ceteris paribus yang artinya agan hanya melihat satu variabel dalam satu waktu, dan menganggap yang lain tetap alias tidak berpengaruh.

Ekonomi tu kek main layangan, kalau terlalu kendor gak terbang, terlalu kencang bisa putus. Makanya ada istilah kebijakan moneter ketat dan longgar.

Tapi setelah great depression di AS, pakar ekonomi mainstream menganggap kalau deflasi itu buruk, jadi sebelum deflasi pasti digelontor duit biar inflasi lagi walaupun tifis.
https://www.investopedia.com/articles/personal-finance/030915/why-deflation-bad-economy.asp

Inflasi itu bagus kata mereka, yang ditakutkan adalah hiperinflasi.
4164  Economy / Economics / Re: Report: More Than 50% of the Worlds Banks May Be Too Weak To Survive A Recession on: April 02, 2020, 12:03:50 PM
However, now we have the opportunity to observe for the first time how Bitcoin and other decentralized cryptocurrencies will behave when the global economic crisis sets in. It is assumed that Bitcoin appeared after the previous economic crisis of 2008 as an alternative to existing traditional payment systems, namely, as an inflation-free currency. It seems to me that we cannot avoid a very tough economic crisis, and therefore we will have such an opportunity.
Yes, this is an opportunity for Bitcoin to prove to the masses that it can survive the crisis. However, I don't think that the price will increase, more likely follows any other investment instruments, like gold, stocks, etc.

The government will bail out banks if they face bankruptcy, but what will happen to Bitcoin? What will happen to the miners? Maybe we can answer these questions this year.
4165  Economy / Gambling discussion / Re: Gambling Business That Survives when a Crisis on: April 01, 2020, 04:27:41 PM
^^ Major E-Sport tournaments will still gather a lot of people in a closed building because it often accompanied by a tech/gaming exhibition. It is an event to promote gaming gears, etc., so they won't organize a big tournament without crowds.

Anyway, for sure, land casinos getting hit very bad, but the big players will survive. The survivability will depend on their ability to pay current liabilities (see current or quick ratio). It also applies to online casinos. However, if this pandemic lasts for years, we may see many changes in society. Maybe online gambling will be the new normal.
4166  Economy / Gambling / Re: 🎲EarnBet.io - The First Player-Owned Casino 🎲Provably Fair 🎲BTC ₿ on: April 01, 2020, 04:01:51 PM
+1 I know that feel, lol

First of all, they are actually operating on both EOS and WAX (so they never actually left). EOS accounts still work fine.
Yea, but BET token is now WAX token right?

Second: WAX gives them great and fast transactions at a fraction of the costs. But actually I don't even care so much about that. The main point is not a single REAL gambler cares about what back-end a casino works on, as long as it works.
This argument is compelling if there is no BET token, and the crypto community is blockchain agnostic. After the migration, I believe many users think that BET token is a WAX token, therefore not worth investing.

The team needs to educate the masses at this point, which is difficult.

Now that the hype has settled only the real players are left. From this point EarnBet has to build real volume that is not based on hype.
Similar to this view, I think BET token is not sexy anymore, with the price drop and stuff mentioned above. I think this casino needs a unique game to attract new users. I mean, I know the existing games were underrated, but they need something unique/special.
4167  Economy / Economics / Re: What China is hiding from us and are they doing it to save their economy? on: April 01, 2020, 03:35:44 PM
Conspiracy theories aside, one thing we know for sure is China hasn't been including asymptomatic cases in its confirmed totals. The CDC currently thinks asymptomatic cases represent up to 25% of all cases. Some models say even more.

The Chinese government announced that starting today they would include asymptomatic cases in the official count: https://www.cnn.com/2020/03/31/asia/china-asymptomatic-coronavirus-cases/index.html
WTF, so they have been cheating all this time... No wonder the data is so abnormal. If they can do this kind of manipulation, maybe they even did the test only for patients with symptoms. This incompetence could cause so many carriers have been roaming freely on the streets.
4168  Local / Bahasa Indonesia (Indonesian) / Re: COVID 19 dan Resesi 2020 on: April 01, 2020, 10:42:43 AM
Sebenarnya Pasar Saham Bisa Dijadikan Patokan Yang Cukup Akurat Untuk Ekonomi Suatu Negara. Ketika Resesi, Masyarakat Cenderung MenJual Saham Mereka, Dan Lebih Memilih Menggunakan Uangnya Untuk Konsumsi atau Investasi Berupa Barang Lain Yang Lebih Stabil(Emas). Karena Banyak Yang Jual Maka Harga Saham Bakal Turun.
Ini juga bahasan yang sampai sekarang masih terus diulik, tentang hubungan bursa saham dan perekonomian (ekonomi makro).

Quote
Konsisten dengan temuan AS dan Jepang, perubahan suku bunga riil mempengaruhi pengembalian saham dan inflasi, dan pasar saham merespons secara akurat terhadap perubahan harga minyak. Di sisi lain, pasar saham menunjukkan respons yang tertunda terhadap perubahan aktivitas riil domestik.

...

kita belajar bahwa perubahan dalam produksi industri dalam negeri menjelaskan proporsi yang signifikan (sekitar 8%) dari varian pengembalian saham riil. Sekali lagi, data kami menunjukkan bahwa pasar saham Norwegia menghasilkan respons yang tertunda terhadap perubahan dalam aktivitas nyata, alih-alih memberi sinyal perubahan tersebut.
Digoogle-translate dari Gjerde & Sættem (1999)
https://sci-hub.tw/10.1016/s1042-4431%2898%2900036-5

Tahun 1999 yang terjadi di pasar Norwegia malah lagging effect, bukan leading effect. Padahal kalau dilogika harusnya harga saham merespon lebih cepat terhadap berita, misalnya pandemik, baru kemudian produksi riil-nya turun. Nah coba agan selikidi saja apakah produksi riil industri di Indon sudah turun (misalnya di 2019), baru kemudian harga sahamnya turun di 2020? Apakah setelah mendapat data produksi riil, saham akan longsor lebih jauh lagi? Bagaimana pasar saham bereaksi terhadap force majeure?
4169  Economy / Economics / Re: What China is hiding from us and are they doing it to save their economy? on: April 01, 2020, 09:52:23 AM
I have heard about the Chernobyl incident and I haven't watched series yet but I will watch soon.
It's a different case, Chernobyl was a nuclear reactor failure.

they hid real number because they don"t wants their people fear it and to save there economy from dropping now they are making money while other countries in lockdown.
I think it's more to save their asses from sanctions and UN intervention (about closing their wild animal markets).

It may not be a conspiracy but it can surely be a fuck-up while exploring about some sort of strategic advantage from bio-attacks.
But scientists have predicted this event would occur. We can find a lot of SARS 1.0 paper stating similar statements.

What we learn is that:
- China didn't learn from SARS 1.0;
- China didn't take the SARS 2.0 seriously;
- China doesn't want to take responsibility.

I don't think there is financial benefit on top of this pandemic, since all markets are connected.
4170  Economy / Economics / Re: Will the government understand? on: March 31, 2020, 12:04:53 PM
The government is always wrong, that is because of HINDSIGHT BIAS
https://www.investopedia.com/terms/h/hindsight-bias.asp

Let's say at the time Wuhan faced the epidemic, governments then closed all the borders, so there would be no pandemic like today. The haters would say that the government is overreacting, causing damage to the healthy economy, etc. Come on, man!

This crisis will end for sure, and don't underestimate the power of entrepreneurs. They will move the economy forward. Fixing the economy is very doable, but raising people from death is impossible.
4171  Economy / Gambling discussion / Re: Can crypto gambling be provably fair to regulators? on: March 31, 2020, 11:45:10 AM
A few ideas:
- The government manages server seed hash;
- Use future block hash, for example Bitcoin block hash (only applicable for some games);
- Compliance with KYC and AML (regulated).

Well, if we talking about regulators, the outcome won't be fun.
4172  Economy / Gambling discussion / Re: Ways to recover from being addicted in gambling. on: March 31, 2020, 11:28:12 AM
But we need to have a control! Without control chances to become an addict are higher. Having control doesn't mean that you gamble
just couple hours weekly, it means you have a control over your wallet and your needs, you know how much you have and how many you
can spend for specific need. When you have a control you will not allow yourself to get into a problem, you will prevent that in the beginning.
The idea about that statement is that often people didn't realize they already became a gambling addict. They think they are "in control," but in fact, the urge already controlled them. I understand that self-control is important; however, don't be overconfident. Check it periodically since perhaps last month, you were still in control, but today you are not.

But it seems we need an amount of money to get this book. 46,00 € for eBook and 57,19 € for softcover.
You could always search the pirated free version of it. It's there somewhere on the internet lol.
4173  Economy / Economics / Re: Corona has killed economy of many businesses on: March 31, 2020, 11:15:46 AM
I can agree with you, even the time when the are still the leading on the number of cases, their economy did not fall, but now it's the rest of the world who are experiencing this crisis, our economy falls and China remains the most stable economy in the world now in this global crisis.
How?
If no one buys products "made in China," how they can stabilize their economy? Their businesses got struck as well, but no one dares to bitch about it.

Also, China "funds" US https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124. If I lend you money, I won't hope that you go bankrupt, especially if you can send me to the hospital easily if I dare to ask for payment.
4174  Economy / Economics / Re: What China is hiding from us and are they doing it to save their economy? on: March 31, 2020, 10:59:59 AM
If we talk about the data from China, I would say it is questionable because even South Korea (+125) --a country that has equal experience dealing with SARS 1.0-- reported more new infected patients than China (+79). https://www.worldometers.info/coronavirus/

However, It doesn't mean it is some kind of conspiracy. More likely because they just didn't do enough testing.
4175  Economy / Economics / Re: What China is hiding from us and are they doing it to save their economy? on: March 30, 2020, 04:59:57 PM
Well, it's from China, but it doesn't mean that they purposely made it. Biological weapons are banned since the 70's simply because you can't make friends with a disease with no brain. It will attack anyone with no exception.

This pandemic/outbreak was predicted a long time ago. People just don't learn:

Quote
The outbreak of SARS was a big lesson and challenge to Hong Kong, and probably for the world as well. Almost instantaneously the medical services in Hong Kong were under a threat of collapse. Hong Kong has been given an abrupt wake-up call to find that the whole medical system was ill prepared for a major outbreak of infectious disease. While the story of SARS is still evolving, scientists are already predicting possible outbreaks of other more virulent and contagious diseases in the near future. In this new atmosphere, many challenges and ethical issues will surface in the field of psychogeriatrics in Hong Kong, and elsewhere.
Chiu et al. (2003) https://sci-hub.tw/10.1002/gps.1003

Guess what, now SARS 2.0 wreak havoc in many countries.

China is the producer of many stuff, so they need customers to sell their products. At this moment, they will severely get hit in terms of economy, just like any other big producers.
4176  Economy / Gambling discussion / Re: What is the safest crypto online games to start if you are a Newbie? on: March 30, 2020, 04:22:03 PM
The safest crypto online game is free-roll on freebitco.in since you lost nothing but time, with an extremely slim opportunity to win 0.03 BTC.
It also guarantees you win at least 32 sats (the real amount varied though) lol
4177  Other / Off-topic / Re: Coronavirus Prediction Thread on: March 30, 2020, 04:14:59 PM
I think that these virus cases will decrease completely towards the entrance of summer because summer months are very important periods for many countries.
This virus is proven still dangerous even in the desert area, such as Arab, Iran, etc., so summer instead of killing the virus, it will rapidly spread if people go outside and do stupid stuff (party, sunbathing, etc.).

I predicted it would be end on Q3.. By now the US medical experts were tryin to invent the vaccine and I there is no impossible from their intelligence I believe on their ability to find the cure on this virus. Even with or without the vaccine most of the infected patience got recovered without any vaccine. So I believe this pandemic will gone soon.
The US and Europe are making this virus happy by their arrogance. Instead of doing strict self-distancing, telling people to wear a mask, don't do handshake, etc., they more concerned about their "freedom."

If they don't humble themselves, we won't win this war anytime soon.
4178  Economy / Gambling / Re: 🎲EarnBet.io - The First Player-Owned Casino 🎲Provably Fair 🎲BTC ₿ on: March 28, 2020, 05:50:37 PM
Just a big mistake by "EARNBET" team to listing their token on P2PB2B.
It's a small mistake compared to move from EOS to WAX.

Quote
EXPECTED DIVIDEND PER 10K BET PER WEEK

$0.82 USD
Holysh*t, back in the old glory days, it yielded more than $10.

What happen?
4179  Economy / Economics / Re: India - Complete Country Lockdown - Is it on the Verge of Economic Crisis ? on: March 28, 2020, 05:29:14 PM
There is a complete shut down and if you go out during this period people will beat the shit out of you in India, you can search in youtube and you will find many videos of the police brutality, the curfew is strictly 24/7 and till now there is not much assistance from the government regarding how you purchase house hold items, foreseeing the situation i did purchase food items for a month and all the necessary items well before the curfew but it looks like the lock down will last more than a month as the number of infected patients keeps on increasing.
I've just read this news:
https://www.bbc.com/news/world-asia-india-52063286

Is Modi crazy or what? It seems there is no coordination whatsoever from the government officials. I'm a bit skeptical previously about the current situation in India, but I've seen enough proof of this madness.

This is the best solution for this crisis strictly laws If they don't want it to last longer and the problem gets worse when there are more people been infected like what happen to italy which is they almost surrender on that virus and they dont even know how to stop the spread of virus of thier country. Soft law will be problem especially if there are many hardheaded person's in your country.
But you can't just lock down people without providing the basic needs... How can they survive for 21 days? Not all people can afford a whole month's groceries in advance. Read the BBC report mate. It's just madness.
4180  Economy / Gambling discussion / Re: Ways to recover from being addicted in gambling. on: March 27, 2020, 04:35:59 PM
I just found a very good book, skimmed the book and I'm surprised how deep the problems are for the addict.
https://www.springer.com/gp/book/9783319624846

I think this book will be my current reading material. I'd suggest those who are gambling addict to seek for professional help, and not just follow the common sense methods.

One thing that I remember is "I can control the urge thus no problem" mentality should be changed to "it may already destroy me without me noticing" mentality.

I'll tell more when I finish this book.
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