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541  Economy / Economics / Brexit: Rejoining EU takes record 14-point lead in latest poll on: November 01, 2022, 11:44:28 PM
Quote
Britons would now vote to rejoin the EU in a second referendum by a record 14-point margin, a new poll has found.

A tracker poll found support for reversing Brexit is now at 57 per cent, compared to just 43 per cent who want to keep it.

Support for rejoining has steadily ticked up since the start of this year – with 'out' still ahead as recently as May this year.

But the survey by Redfield and Wilton Strategies for the UK in a Changing Europe think-tank shows the picture has changed quickly amid economic and international turmoil.

Professor Sir John Curtice, a respected political scientist at the University of Strathclyde, said that the shift may be down to changes in the economic situation – and suggested the trend may continue.

"In reporting on the poll in February we noted that evaluations of the economic consequences of Brexit were particularly strongly related to changes of mind about being inside or outside the EU. This pattern is replicated in the latest poll," he wrote in an analysis of the findings.

The professor said it seemed "highly likely that a darkening of the public mood on the economic consequences of Brexit helps explain the increase in support for joining the EU" and added that it should not be ruled out "that the financial turbulence of recent weeks may at least have helped to reinforce that mood".

"What happens to the economy and the country’s fiscal finances in the coming weeks and months may not only be crucial to the Conservatives’ future electoral prospects, but also for the continuing level of support for Brexit," he said.

Sir John noted that 2016 Remain voters who would now vote to stay out of the EU were much less likely (40 per cent) than those who would vote to join again (85 per cent) to say that the economy was weaker as a result of Brexit.

"A similar difference exists between those 2016 Leave voters who would vote to stay out and those who would now back joining," he noted.

But despite the strong public opinion shift towards wanting to rejoin the EU, no major political party is actively campaigning to do so.

Labour leader Keir Starmer said again this week there was no chance of his party taking Britain back into the EU.

"It's straight no from me. We’re not going back into the EU," he told LBC radio, adding that he wanted to "make Brexit work".

Even the Liberal Democrats, who in 2019 said they wanted to rejoin the EU without even putting it to a referendum, have only set out a tentative roadmap for rejoining the bloc's economic single market.



https://www.msn.com/en-gb/news/uknews/brexit-rejoining-eu-takes-record-14-point-lead-in-latest-poll/ar-AA13tS0F


....


This appears to be emerging as a controversial hot topic. With many europeans vocally calling for the UK to face punishment before being allowed to rejoin the EU.

Given recent conflict between russia and ukraine, I've wondered if the UK would feel safer outside the EU not having to devote manpower, resources or budget towards ukraine's support. As they would be expected to if they rejoined the EU as a full fledged member. If the UK did rejoin the EU perhaps they would wait until after the situation in ukraine is resolved. As an american who doesn't interact much with brits or europeans I wonder what the underlying current of public opinion resembles.

For #brexit to succeed I would guess many brits were unhappy with the direction of the EU or discontent with circumstances in general. Has this changed leading into 2022? Has some type of massive shift occurred?

542  Economy / Economics / Re: Do you like commission job or salary base job? on: November 01, 2022, 11:29:23 PM
Commission based pay or salary makes no difference to me.

I may not be the perfect worker. But I've always tried to do what I can to make as much money for my employers as possible.

Its not a cool story bro, but a long time ago, when I started working at a mcdonalds their grill was stained and dirty. When I quit working there I had scrubbed the grill enough at closing time for all of the stains to be removed. You could tell if I had the closing shift as the grill would be a visible shade lighter and nearer to its original color.

It doesn't matter how much they paid me. That's the type of plan I've tried to follow everywhere I've worked. As I wanted my name to be associated with quality work and dependability and also to form good work habits.

Between commission incentives or salary pay. The best option could be the 3rd: be your own boss. I think that's where everyone would choose to be if they could.
543  Economy / Economics / Re: Will you further your degree from school, or learn a new skill after college? on: November 01, 2022, 11:07:47 PM
There are no college courses devoted towards acquiring assets and building wealth. Which is a major focus for most hungry and ambitious youth. Most would benefit financially from abandoning higher education asap to pursue being licensed as a real estate broker. That appears to be the most popular entry level path for aspiring millionaires/billionaires who lack an engineering, vocational or science background. Of course there are always exceptions where some might need to complete their university branch study as an important and necessary life goal. Although it could a rarity in this day and age given how most high paying jobs have swung back towards skilled labor in tech and other industries. There isn't much point to university unless its to pursue a skilled labor degree.

Most would do better building a social media, onlyfans or youtube presence than they would pursuing a liberal arts major in college. There aren't many courses which cover this process. There is a question of how cost effective university courses can be considering there may not be much if any increase in salary that comes from most curriculum courses.
544  Economy / Economics / Re: House is a forced saving on: October 31, 2022, 11:54:23 PM
We often heard about a lot of highly educated youth had no jobs, underemployed, which is very bad today and getting worse day by day. What they often failed to see is it has been norms in the past, do you not know every scientist is borderline poor and bloke


It may be true that those who contribute the most to society, receive the smallest reward.

Society does not necessarily approve of change or progress and has a tendency to oppose both. The prospect of having to abandon outhouses for indoor plumbing and the abacus for bitcoin miners can be frightening over the long term. On some level we fear the type of change names like Einstein or Newton might bring about. They carry the potential to shake up the world and change the way civilization functions forever.

While they may never become rich or powerful through their efforts. The way people live and think will change. The world and everything in it will be transformed. Should they be rewarded for this? Some will say yes, others will say no. Which could be the reason geniuses are seldom acknowledged during their own lifespans. People usually wait until they're dead and gone before acknowledging them. Perhaps as they breath a sigh of relief.

A major housing crash could be on the way. Being in a leveraged position if one occurs would be a good way to re enact the subprime mortgage crisis of 2008. Where many high risk real estate loans were traded with leverage in CDOs.
545  Economy / Economics / Re: Can One Get Rich or At least Not go Broke During a Recession? on: October 31, 2022, 11:40:57 PM
How can one take opportunity of the recession to become rich or at least not go broke?


The shifting nature of supply chains and economies, creates opportunities. Thanks to shifting demand and need.

Gasoline prices rise. People seek alternatives. Having a good alternative product in stock can be a million dollar opportunity. Transportation options like electric scooters might be in high demand at the moment for city regions. Accessories like trailers that can be pulled by electric scooters to haul cargo might also be in demand. Mopeds with engine sizes 50cc and smaller need no insurance, which could put them in high demand on the fossil fuel side of things as people seek alternatives to cut monthly costs.

Food prices rise. People seek alternatives. Someone with extra field space and time might plant crops to sell locally at higher than normal market prices. There are people who buy a $5 pack of carrot seeds to grow carrots which they might sell for $50 to $100 for a 10x to 20x profit. Food prices being what they are now, margins are higher due to prices being elevated.

Disposable income is on a decline, which can make it harder to attain profitability. The target demographic of consumers is narrowed and swings in favor of higher income bracket.

I think most can guess in which directions markets and demand are headed. It might be profitable to stay one step ahead of the current crisis.
546  Economy / Gambling discussion / Re: What Would a Nation of Sports Gamblers Look Like? on: October 31, 2022, 11:10:44 PM
Back when I was serious about sports gambling. Efforts were made to use math, science, psychology and other avenues of study towards anticipating the outcome of matches.

Sometimes you can tell how hungry and motivated athletes are going into events simply by watching their interviews and paying close attention to their body language and responses. It is also possible to tell when they're unmotivated and distracted.

When Cain Velasquez fought Francis Ngannou. Cain Velasquez was sweating heavily despite not moving or exerting himself much at the open workout. He looked out of shape or injured. I used that indicator to bet heavily on Ngannou and won. Later it emerged Velasquez had a knee injury and wasn't able to run much to prepare his cardio for that bout. There were other occasions where I tried to use the law of large numbers and other aspects of math, science and strategy to be successful in gambling.

A nation of sports gamblers might study the psychology of sports and cold reading athletes to gauge performance at events. As well as strategy and math for better understanding odds and strategizing. A nation of gamblers wouldn't necessarily have to be a decadent or regressive trend. It could actually encourage people to embrace fields of study which might be useful for being profitable in the industry.
547  Economy / Gambling discussion / Apple Pauses Gambling Ads in App Store Pages After Developers Complain on: October 30, 2022, 02:17:47 PM
Quote
Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places, including the main Today tab and in the "You Might Also Like" section at the bottom of individual app listings.

"Now my app's product page shows gambling ads, which I'm really not OK with," tweeted Arment. "Apple shouldn't be OK with it, either."

As noted by Arment, Apple provides advertisers with the choice to have their ad shown in app categories different than their own app's category, allowing ads for gambling ads to appear in listings for unrelated apps like the podcast app Overcast.

The presence of gambling ads in the App Store as a whole has prompted some criticism, with some accusing Apple of being greedy and moving away from policies that the company upheld under former CEO Steve Jobs. Apple earns revenue from both the ad placements and its 15% to 30% cut of in-app purchases in gambling apps.

Beyond upsetting some developers, Apple allowing apps to run ads in other apps' listings has already led to the company facing accusations of anticompetitive behavior. In a tweet last week, legal expert Florian Mueller argued the ads are "another means of increasing the effective app tax rate, forcing developers to buy ads on their own app pages in order to avoid that others steer customers away from there."

In August, Bloomberg's Mark Gurman said Apple wanted to nearly triple its current advertising revenue to at least $10 billion per year in the future. Gurman said keyword-based search result ads are coming to the Apple Maps app starting next year.

We've reached out to Apple for comment and asked if the company will consider tightening its rules surrounding the ads. We'll update this story if we hear back.

https://www.macrumors.com/2022/10/26/app-store-gambling-ads-complaints/


....


It appears apple developers are not fans of gambling?

If apple based platforms ban gambling advertisements.

Could apple gain a reputation for having an anti gambling stance in the future. Which might lead to a backlash where casinos boycott apple based products?

I don't remember statistics or revenue numbers being published in response to facebook and other platforms banning cryptocurrency advertisements. Or if there was an actual backlash in those cases where social media platforms lost a significant chunk of revenue as a result of bans.

The gambling industry is different from cryptocurrency advertisements. Gambling is a trillion dollar industry worldwide. It might be large enough for ad bans and lost revenue to affect apples bottom line. Perhaps I'm exaggerating the influence of the gambling industry.


548  Economy / Economics / Re: Elon Musk Becomes Owner Of Twitter, Immediately Fires CEO And CFO on: October 29, 2022, 06:52:35 PM
Do you think the Tesla CEO made the right move by firing these top people in the company?


In the year 2022, twitter's leadership teased the introduction of an edit button as if it were cutting edge next generation technology. If a CEO spent 12 months as head of a tech corporation. And had no better ideas in the development cycle than an edit button. Should anyone question what they had worked on for the past year?

When people think of silicon valley and cutting edge billion dollar technology somehow I doubt a year of development to produce an edit button is what they expect.

If twitter's CEO was a liberal arts major with a degree gender studies and no technical background, it might explain their lack of development. If a high percentage of twitter employees had no job qualifications other than degrees in gender studies, that might also explain the high firing rate.

At a bare minimum, I hope people recognize some of the strange occurrences at places like twitter.
549  Economy / Economics / Re: Fiat in trouble on: October 29, 2022, 05:03:55 PM
As it is, the value of the fiat is collapsing and as it's not linked to a physical reserve and has no intrinsic value unlike gold and silver, it has the tendency to disappoint.


Historically, fiat currency in the united states was considered intrinsically backed by gold reserves inside fort knox and US central bank vaults.

(There are near to 13,000 metric tons of gold stored in fort knox to help back the US dollar.)

https://en.wikipedia.org/wiki/Fort_Knox

The degree to which fiat currencies are backed by gold reserves has arguably diminished over time with the loss of gold standards. Fractional reserve banking has also played a role in gold reserve capacity to back fiat thanks to general expansion of money supply.

More recently, internet trolls have claimed the US dollar is backed by the combined might of the US military which will seize foreign assets in the event of the US economy becoming insolvent. Considering russia's unpopularity when Putin attempted this with ukraine, I don't know how the united states was supposed to pull this off. Yet it seemed to be a common sentiment and urban myth and so may be worth acknowledging if only for pure myth busting purposes.
550  Economy / Economics / Re: How credit based DeFi Applications work? on: October 29, 2022, 04:36:17 PM
Debtors' prisons haven't been legal in a long, long time (at least in the US) as far as I know.  I'm too tired to look it up or even read further to see if anyone addressed that, but if Hollywood movies are any way to gauge real life (lol), they went out of style during the Wild West days.


Men who can't make child support and alimony payments sometimes end up in jail.

That could be one example of debtor's prisons being alive and well in the modern era.

I think most prefer garnishing wages as a better method of debt repayment.


That makes complete sense....but if that's true, what makes DeFi lending any kind of financial breakthrough?  I mean, there's been a P2P lending section on this forum for years, so that little experiment has proven beyond a doubt that collateral is essential for any loan between strangers (unless the lender enjoys losing money).

I see no way whatsoever for any crypto wizards, no matter how brilliant they are, to get around the fact that borrowers of crypto will scam if given the slightest opportunity to.  And if they report scammers to banks, credit rating agencies, or law enforcement, why even bother?


The significance of Defi loans was them partnering with or establishing comprehensive credit chex networks similar to ones used by banking institutions. Something which had never been done before in crypto.

Home and car loan markets were markets that crypto had never been able to penetrate due to lack of infrastructure support. It appears that could change in years to come as crypto credit chex limits the capacity of scammers and begins to rollout more reliable services.
551  Economy / Economics / Re: In a post abundance economy, which commodities and assets would appreciate most on: October 29, 2022, 04:10:54 PM
There is gas and it will be enough for the whole winter, and unfortunately you, like many others, are too deeply immersed in the daily propaganda about how Europe will freeze and collapse economically. For someone who is on the other side of the world and lives in tropical conditions, you are pretty sure you know something, but things on the ground are completely different from what you read.

Still don't believe it? Here, read what @stompix post -> Eu gas and electricity prices drop 80% to 2021 level, another apocalypse averted


Gasoline prices in the USA declined due to strategic petroleum reserves being tapped to -temporarily- boost supply.

Whatever fluctuations in natural gas, commodities and power occur. You have to consider microeconomic vs macroeconomic trends.

Prices can temporarily increase or decrease. There is no permanence or stability without long term sustainability. Supply versus demand is one of the main indicators used with destruction of gas pipelines being associated with diminished supply and higher demand.

NATO and russia are discussing dirty bombs & nuclear war and you're claiming the apocalypse has been averted?

I think you have not been paying attention.




Nope:
https://resoilfoundation.org/en/environment/eu-forests-growth/
https://www.weforum.org/agenda/2019/07/forest-europe-environment/


So, real efforts are not futile, forest in Europe is growing which means it can be done elsewhere too if there is the actual will to do so.





Take a good look at the following image.



Image link:  https://i.imgur.com/Ve9ta2S.jpg

Above image - 50,000 saplings planted as part of an afforestation project in india in 2010.

Less than 2% of trees planted in these massive state sponsored afforestation programs survive long enough to become actual trees.

Which leads to claims of forest regrowth being exaggerated.

Old growth rain forest in the amazon and around the world are being devastated quickly.

With efforts made to grow new trees being poorly structured and designed and generally doomed to failure.


Are all these fears for this winter, or are there expectations that prices will continue to rise for several years to come?


Trees are a deflationary asset, being that they're chopped down at a faster rate than they're being regrown.

But of course markets can be manipulated through supply in centralized industries. We've seen this in past years with aluminum prices being controlled through artificially created supply shortages and shipping delays. The high volatility price chart for aluminum over the past 2 years makes it appear as a scarce commodity at times, even though it is always in abundant supply.

Chart volatility for many commodities and assets has skyrocketed in the past 2 years. Price charts in commodities have shown more volatility than bitcoin and crypto in some instances. Which is extremely strange market behavior. This will stand out more to those who remember when bitcoin's volatility was criticized by banks and others who boasted about the lack of volatility in more traditional markets.
552  Economy / Economics / Re: Bitcoin as a secure investment amidst recession on: October 27, 2022, 02:10:45 PM
While bitcoin's design and implementation to counteract negative recession trends are of the highest quality excellence.

Bitcoin becoming an asset traded by hedge funds and deep pocket speculators appears to have resulted in it being traded in lockstep with stocks and DOW averages.

Hopefully BTC will decouple from speculation trends to revert to former trading patterns.

In the price of gold we may see the same hedge fund speculation which has caused bitcoin price trends to derail off track.

In designing future cryptocurrency amendments might be made for insulating assets from market speculation of the largest investment institutions. That could be a necessary element for maintaining stable market prices which are purely influenced by fundamental market trading mechanics.
553  Economy / Economics / Re: In a post abundance economy, which commodities and assets would appreciate most on: October 27, 2022, 01:09:08 PM
You are living in an illusion created by the Russian sphere of interest, but the situation with gas in the EU is such that there is currently much more than the real needs, and there is no winter at all, so many enjoy temperatures up to 25 degrees Celsius. Firewood is only a transient thing, which cannot be used by a very large percentage of people in the EU anyway, because they live in housing units that do not have chimneys.

Dwelling spaces which lack chimneys could simply install a window exhaust vent similar to a window based air conditioning.

Everyone in the EU will know whether gas supply exceeds demand when winter hits.

What's the point in discussing it, everyone will know what the facts are soon.

Also, have you ever tried storing wood for a long period of time? Such wood is constantly destroyed by pests that live inside the tree itself

It takes many years for wood in a natural environment to decompose.

I think most sources you could find would consensus a 5 year minimum.

the wood dries out and loses its energy value

Wood must be dried to be burned indoors.

Wood containing moisture produces large amounts of smoke.

All wood burned in wood stoves is dry.
554  Economy / Economics / Re: How credit based DeFi Applications work? on: October 27, 2022, 12:56:04 PM
when basing the DeFi application over a cryptocurrency protocol, the protocol only ensures whether the lender to borrower transaction is valid and verifies it but doesn't tell anything about whether the borrower will pay back or not. How are we ensuring that the borrower does indeed pay back?


Existing loan services share data with financial networks (credit chex) to compile a credit score representing loan risk for individuals. This credit score number determines the interest rate and terms of the loan.

Financial institutions that offer loans partner with various firms and bureaucracy to execute loan default events like car repossession or debt collection.

In some cases, they can go so far as to garnish wages. Which means a certain amount is deducted from your paycheck to help payoff your loan or outstanding debt.

I would guess with the blueprint already being known and followed globally. DeFi crypto would merely following in the footsteps of other financial networks, rather than try to reinvent the wheel. As some crypto loan agencies have done with (mostly) a lack of success.

In extreme cases, prison sentences can sometimes be incurred for lack of debt payment. Historically they are known as "debtors prisons". There was some controversy over the practice years ago around the time of the 2008 economic crisis. But to be honest, I have not heard anything at all about it in quite some time.
555  Economy / Economics / Re: Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey on: October 27, 2022, 12:48:16 PM
I wish they had included CBDC (central bank issued digital currency) commodities, real estate and gold in their polling and statistics.

That would have been a great indicator for knowing what to expect from future markets as far as the youth demographic goes.

What if bitcoin and crypto registered higher approval ratings with generation Z in contrast to CBDC or other asset classes. It might answer many questions on why central banks have not made more of an effort to deploy CBDC.

The biggest supporters gold and silver (and possibly CBDC) appear to be older generations.

While by contrast the largest supporters in crypto and bitcoin appear to be the current youth demographic.

This observation could be a foundation that will set the stage for our future market trends.

There is a chance that our current youth demographic is smarter and more knowledgeable than they are given credit for being. I would be interested to know if this observation is accurate. It seems that many political demographics are banking on the future of the youth demographic swinging their way. The eventual outcome of many current conflicts could hinge upon the development.
556  Economy / Economics / Re: Can A Redesign of A Countries Currency Note Improve Its Economy? on: October 27, 2022, 12:30:35 PM
Currency redesign could be a prelude to policies similar to india's bank note demonetisation of 2016.

Quote
2016 Indian banknote demonetisation

On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes.[1] Prime Minister Narendra Modi claimed that the action would curtail the shadow economy, increase cashless transactions and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism.[2][3][4]

The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy.[5][6][7][8][9][10] People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash.[11][12]

https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation

Redesign makes it easier to identify previously issued paper currencies for demonetisation purposes.

It might also result in contraction of money supply due to start up time required to switch to producing a new line of paper currency.

Contraction of money supply is a policy some central banks of the world are currently folllowing in an effort to boost national economies.

There is a reason and motive behind most of these moves, which are not at all random.

It helps to know some basic fundamentals else people will have a very difficult time comprehending what is happening in the world.
557  Economy / Economics / Re: What do you think of gold price in long term? on: October 27, 2022, 12:13:40 PM

Gold and precious metals have lost their luster and shine.

Gold was once considered a badge of authenticity, robustness and reliability. Today it is an archaic and potentially obsolete unit of exchange. People no longer trust or respect gold the way they did in previous eras.

There is no gold for the people. As an asset it is mainly accessible to central banks and the super wealthy. Banks like JP morgan are even going so far as to reduce accessbility to gold by closing safe deposit box services.

Gold lacks infrastructure and support for exchange in markets. It can't be used to buy a cup of coffee. There is no support for it in eras of natural disaster, war or emergency. The overwhelming majority would not know what to do with a bar of gold or silver if one somehow fell out of the sky and landed in front of them.

I think central banks amassing gold is a futile exercise. The public is too disconnected from gold for it to carry much trust or sway the way it did in previous eras.

Gold's day has passed and it is now other assets which will gain prominence.
558  Economy / Economics / Re: In a post abundance economy, which commodities and assets would appreciate most on: October 27, 2022, 11:29:33 AM
Well, you must be kidding yourself or you've completely lost your mind when you compare Bitcoin with firewood and wood stoves Huh 

That’s too big statement regarding bitcoin to wood conversion

Firewood is not same with bitcoin.

I do not think firewood and wood-burning stoves will be the next Bitcoin. 


I was joking about firewood being the next BTC.

But as so many want to take it seriously a case can be made for it.

Firewood is the next bitcoin

  • Humans have chopped down more than 50% of natural forests in the world to make way for highways, cities, agricultural land, etc
  • It takes years to grow a tree and only minutes to cut one down, this makes trees and firewood deflationary assets
  • As human populations expand there is less space in the world for trees to occupy
  • We may be at peak trees in 2022, the current number of trees may be the most the world will have in coming decades
  • Fossil fuel restrictions and nordstream pipeline being blown up could make returns to natural gas for europeans unfeasible, firewood could be here to stay for the long term
  • Efforts to replenish and regrow forests have met with mostly negative results

Coupled together these trends could converge to make firewood a deflationary asset.

Firewood may not be produced at a rate faster than it is consumed to suit market demand.

Scarcity could arise which could produce long term tangible gains for firewood markets.
559  Economy / Economics / In a post abundance economy, which commodities and assets would appreciate most on: October 25, 2022, 11:47:25 PM
We have recently witnessed firewood and wood stove sales rise dramatically in response to higher electrical bills and natural gas shortages.

Quote
Rising fuel costs spark rush to buy firewood and stoves for home heating

Earlier this year, National Grid, which supplies natural gas and electricity across much of the Capital Region and upstate New York, predicted that heating bills will rise 31 percent during the five-month winter heating period that starts in November. The average residential customer is expected to pay $651 over the five-month period, or an increase of $155. It’s the biggest increase in more than a decade.

Other forms of heating are going up as well.

Propane, derived from natural gas and which is popular in rural locations without gas line hookups, was selling for $3.46 a gallon in September, according to the New York State Energy Research and Development Agency, NYSERDA. In 2020 it was $2.46 a gallon.

Electricity is up almost 46 percent year over year as of June, according to NYSERDA.

With high demand, wood costs are also rising. Some providers like Advantage Tree Service in Delmar, have held prices at $395 per cord delivered (within a five mile radius) for the past two years.

But others are charging more this year, although some charged under $300 in past years.

A cord is 128 cubic feet of stacked wood, or 4-by-8 feet of 4-foot long split logs.

Homeowners also are shopping for more wood stoves.

Wood stoves are currently in short supply in part because of tougher EPA emissions rules that took effect in 2020. Stoves made prior to May 2020, when the new regulations took effect, had to be dismantled.

The newer stoves are far cleaner and more efficient than their older cousins, but the new regulations took tens of thousands of stoves, that had already been manufactured, off the market.

https://www.timesunion.com/business/article/Rising-fuel-costs-spark-rush-to-buy-firewood-and-17507751.php


It appears fire wood and wood burning stoves could be the next bitcoin. These trends emphasize high price volatility which can occur in response to market trends and shifting demand. If it were possible to purchase crypto tokens pegged to the value of firewood and wood stoves, it would be profitable. Although not the most ethical financial move given the profits would come at some expense of negative consumer sentiment.

With war in ukraine and other crisis on the horizon. It is possible markets will witness other such fluctuations in the future. While we cannot necessarily prevent these large scale crisis from occurring. We can prepare for the future by investing in things that will be future profitable to reduce negative fallout from inflation and other market losses of efficiency.

In the past I covered agriculture and food being one potential market to HODL if food shortages occur. Are there other examples of good HODL content for future market trends?

Given how the cost of lumber and wood has increased. Perhaps raw materials are worth looking into. Rising fossil fuel prices could negatively impact offshore sources of raw materials, which might increase demand in local markets. If this occurs, could it be leveraged and invested in for HODL motives.

While precious metals are often emphasized as being good recession and inflation performing asets. Due to metals like gold having real world application in electronics and aerospace indutriess in addition to limited supply. There is an angle to precious metals HODL where we lack a sound infrastructure for using precious metals assets as a form of barter or trade. Perhaps this could become a larger issue in the future if rolling blackouts and similar issues intensify.

Long story short do we have good buy ins aside from firewood and wood stoves?
560  Economy / Gambling discussion / Re: What is the Best gambling Token 2022? on: October 25, 2022, 11:12:02 PM
The main issue with tokens like brave browsers BAT is the lack of incentive to HODL long term. Most immediately dump and sell every token they have when they receive them expecting the price to diminish over the long term. Developing a viable strategy and format to encourage long term HODL with some form of burning, staking or compounding interest is what is most needed in crypto industries.

I was lucky enough to gamble with bitcoin when its price was consistently appreciating. During winning weeks of gambling I would win not only through winning wagers. But also thanks to the value of bitcoin increasing which compounded my gains. That was a great experience. During some losing runs, bitcon's increase in value almost covered my losses.

Fun times. I hope gambler's of the future get to experience something similar someday.
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