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581  Economy / Economics / Re: What could Elon Musk be buying next? on: June 29, 2023, 07:34:14 PM
Why doesn't Musk create his own social network? Trump did own network (though he founded it on Twitter) o. And Musk could call the social network "Muscomania." Why not? He has enough money and resources to quickly promote any product his company creates.
582  Economy / Economics / Re: Am I a bad person if I manage to avoid taxes? (Hypothetical question) on: June 29, 2023, 07:26:18 PM
This is a definite dilemma. The main issue is where taxes are spent. In one fantasy story, taxpayers could choose where their taxes would be spent. Obviously, most of the taxes would end up in other people's pockets.  The budget is a tidbit for the unscrupulous.
583  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 👉{ESCROWED} FireDAO Bounty Campaign | 4weeks | 9 platforms | 3 millions $FLM. on: June 28, 2023, 07:12:45 PM
Bitcointalk Username: Unbunplease
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2597241
Telegram Username: Unbunplease
Translation Language: Russian
Portfolio/experience/previous translations links: https://bitcointalk.org/index.php?topic=5439662.0
Arbitrum Wallet Address: 0x61Dab8723EfA791Bb6bC71D3D667F0Fc88d502e6
584  Economy / Economics / Re: Why is bitcoin pumping when the economy is heading into a recession? on: June 28, 2023, 06:59:22 PM
When there are problems in the economy, people start looking for ways to keep their savings. Bitcoin has long shown that sooner or later the value of bitcoin recovers. That's the property of a protective asset. So people start buying bitcoin, and the price rises accordingly.
585  Economy / Economics / Re: Has everyone become too pesimistic about the economy? on: June 28, 2023, 06:55:44 PM
Economic recession in our country can be a big problem. Because my country is a developing country. The people of my country are not able to overcome the economic recession completely. But the government and different media are doing different campaigns to deal with the economic recession. And various banking institutions are campaigning online and offline about the economic downturn. As a result of which people are already thinking about this matter and if ever there is an economic recession in our country, they are making various plans about how people will deal with that economic recession. Without thinking about it now, they are investing or saving the money in various places for better future. Since this is being forewarned, I am hopeful that if there is an economic recession in our country, the people of our country will be more able to cope with the economic downturn.

Recession is more of a manipulative threat. Prudent politicians will not allow a real recession, or it could have unpredictable consequences. Fear of recession creates space for short-term manipulation. Of course, such a possibility is worth considering, but there is no 100% guarantee of a recession.
586  Economy / Economics / Re: Effects: Over-reliance on the US dollar on: June 28, 2023, 06:50:20 PM

I think the extensive use of sanctions as a tool of foreign policy against developing nations to influence their decisions has been counterproductive in the long term. The rise of emerging economies like BRICKS can be seen as a direct consequence of this flawed foreign policy approach. Every phenomenon has its own time, declining value of dollar and nations intent to reduce their reliance on US dollar as international currency for import/export of goods and services, unmistakably signals that there is challenging time for dollar in the future.

In my opinion, sanctions can have a certain impact on underdeveloped countries. If the level of development of the country is sufficient, the sanctions will simply lead to the restructuring of the economy to find a way out. In doing so, much will depend on the success of the import substitution policy. Politicians need to look for other ways to solve problems rather than impose sanctions.
587  Economy / Economics / Re: How billionaires are really affecting the economy. on: June 27, 2023, 07:40:17 PM
Let's look at the problem from the other side. Is it good to have billionaires in the country? Having billionaires helps the country progress faster, because the state budget cannot afford various projects. But a billionaire can. Of course, a lot depends on the personality of the billionaire, but there is no such thing as everyone being bad.
588  Economy / Economics / Re: Is it painless to control a multitude??? on: June 27, 2023, 07:34:14 PM

I will use the government sector as an example whenever I see a leader I do believe that it is not comfortable for him all the time, you may  always see him smile in public but the hardships he is encountering can be destructive, taking about our leaders in the country most of the moments thing may go hard on them but they still take uptheire responsibility as a superintendent of thatcountryy to protect and provide for them, let me use my self as an illustration when I was younger I thought that when someone is been chosen as a head
 thatmeansn he is wealthy and riches and powerful and will live a life of no suffering in his generation  but it was more than that, one can have this material thing but still not have it all, most of the time this word is a called corruption
Closing our eyes for us to see this little thing.

The problem is that the leader is not autonomous in his decisions. Often decisions are made instead of him, and he is only a "scapegoat" who takes responsibility. It should be understood that if you go against the system, the leader can always be replaced by a double. Is he worth envying? I think not.
589  Economy / Economics / Re: Should I Use Emergency funds or Sell my Assets ? on: June 27, 2023, 07:28:30 PM

Your first course of action should be identifying where you are spending beyond your means, if you are slowly chipping away at your assets. If you have a mortgage that is constantly going up due to rate rises and you cannot afford it on your salary, you need to seriously consider selling your property and downsizing - the alternative is trying to brave it out for another year in the hope of a payrise or rates coming back down. An emergency funds in intended for just that purpose, like if a big item such as a fridge or car was to break down and you need a replacement. It may be better to sell other assets but you need to rebalance your budget or it will only be a short term fix to the longer term problem.

Budget planning is not a simple procedure. Sometimes it is the use of emergency funds that can make a big difference. Of course, you must calculate exactly how to use these funds, otherwise you can make the situation much worse. However, you can hire a good risk manager.
590  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🔥✅🔥 [BOUNTY] HASHFAIR GAMES🔥✅🔥 EXPERIENCE WEB-3 GAMBLING WORLD 🔥✅🔥 on: June 26, 2023, 12:43:37 PM
Bitcointalk Username: Unbunplease
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2597241
Telegram Username: Unbunplease
Translation Language: Russian
Portfolio/experience/previous translations links: https://bitcointalk.org/index.php?topic=5439662.0
Polygon Chain Wallet Address: 0x61Dab8723EfA791Bb6bC71D3D667F0Fc88d502e6
591  Economy / Economics / Re: 85% of AI start-ups will fail within 3 years. on: June 24, 2023, 04:52:21 PM
Yeah, it's likely we might see a huge percentage of AI startups failing within the first few years. Many are riding on the hype wave started by OpenAI, pitching crazy innovative ideas and concepts to attract investment. Investors are game too, hoping for a big payout if just at least one of the ventures ends up being successful. But every hype eventually comes to an end. Once the AI hype cools down, many of these startups may find themselves struggling. Some might survive. At least those that has some real use case. But yeah, it's kinda like the dot com bubble all over again like you said.

And are these AI startups really needed. Yes, there's a lot of hype going on right now. But then most people will play with it and forget about it. In fact, artificial intelligence capabilities are not needed by everyone. So there won't be many projects left - just a drop in demand. Most projects introduce paid features - and people, for the most part, like free
592  Economy / Economics / Re: Will inflation in the world grow by 2023? on: June 24, 2023, 02:09:02 PM
Now every country in the world is suffering from inflation. But we all know that the war in Ukraine and Russia is the main cause of this inflation. Though economic experts are trying to keep this rate at a sustainable level but they are failing and it is normal. Because when the price of a product increases in the international market, no import-dependent country can control it. However, the rate of inflation is not likely to decrease for the time being but it may rise further in the future. Moreover, if the oil producing countries reduce their production, then it is not possible to control it in any way. Because everything changes depending on the oil.

Unfortunately, no country has yet taken steps to make inflation negative. Even in the U.S., the minimum inflation rate is 2%. This means that a rise in inflation is recognized as normal even in the U.S. I wonder what you would do if you were the government to lower inflation (really lower, not on paper)?
593  Economy / Economics / Re: What roles does the poor play in the Economy? on: June 24, 2023, 01:46:45 PM
True, when people don't have high-paying skills, they can still do simple jobs (but with low salaries). Without people who take that kind of job, the economy would slow down or maybe the society would even crumble. If no one cleans streets, toilets, etc., it would be a disaster. Also, most people are poor at some point in their life, and they can escape poverty by continuously learning and working hard. In other words, it serves as competition and competition is good for the economy.

When a person is poor, he has few opportunities to succeed, so he has nothing to lose. The more poor there are, the worse the state control machine works. And what is happening now is that artificial intelligence is taking away jobs (no matter what anyone says), reducing opportunities to get out of poverty as jobs become fewer and fewer. And cleaning toilets, etc. - many toilets are already automated.
594  Economy / Trading Discussion / Re: The green shouldn't always be the reason to enter the market on: June 23, 2023, 04:13:59 PM
It should rarely be the reason to enter the market. I think red is a much better reason to enter which I do all the time. I end up saving my money and then using that to invest into things that would make me a return, not just go up in price but also keep paying me, like dividends (such as staking). Which means that it could be a lot or it could be a very little thing, but to me its important than money goes up in my account all the time, for example the recent increase gave me like 60 dollars, its nothing I know, but I used that to go into the market again. So when you are handling bitcoin and investment, green is not bad reason to get in, but red is a much better reason to get in so that you could profit during the green.

Yes, a green light can mean that it will soon turn red and you will make your investment at the very peak of the price. That's why you should pay as little attention to color as possible to enter the market. More attention should be paid to analyzing where you want to invest. The main thing is to take your time.
595  Economy / Economics / Re: Economic problem, why is fiat difficult to hold. on: June 23, 2023, 04:10:13 PM
The real problem is to make the money work. Earning and saving at least something does not seem too difficult and almost everyone can do it if they wish, but further actions with money cause difficulties. Often, the saved capital is too small for serious investments, and even more so in order to distribute it in different directions.

In addition, the fear of losing everything stops them from doing anything, or people decide to give money to the bank for a deposit, which is also not much better than just keep fiat, since inflation will eat up the purchasing power of money.

We are not taught how to handle money, if you learn it yourself, then you will have a chance to achieve something in this life, if not, then even those small fiat savings that you can save will lose their value.

I agree with you. These days you have to think about how to make money work. Otherwise inflation will devalue your capital. The problem is that there are fewer and fewer good ways to invest money safely. There are risks and restrictions everywhere.
596  Economy / Economics / Re: Connect data to accelerate cashless payments on: June 23, 2023, 04:06:13 PM
Maybe it depends on the region and everyone can accept online payments, although I completely agree that the next generation of us will use more internet devices, like around where I live. A lot of people don't use the internet and they don't even understand what it is and how to pay online. Small transactions are still cash-based, and if there is no cash here, you can be said to be unfit.
Before, I moved to some big cities and it really impressed me because it was quite a long time about 5 6 years when online payment was probably too little known, but when I saw how they use It's really quick, convenient and much less risky.

We are convinced that online payments are convenient. Yes, to a certain extent it is. But the problem is that soon all our payments will be under complete control. Is that a good thing? Freedom is the price of convenience. In my opinion, we cannot completely switch to online payments, otherwise absolutely everything will be known about us, including our habits, predilections, and so on.
597  Economy / Economics / Re: Fast Transportation Makes Economic Turnover Faster on: June 23, 2023, 04:00:26 PM
Transportation has been a big problem that is hard to resolve for most of the countries. Having fast transportation will definitely help boost the economy. Time won't be wasted and people can do more productive things that can contribute to the economy if they aren't stuck in traffic. But I'm not sure if the story in the article is really that effective. Delivering a pizza for a few dollars with an expensive method of delivery using a jet suit might be fast but what about the delivery fee? Is pizza really that important for a customer to cannot wait for several minutes for it to be delivered using a usual delivery method? I'm not hating on the idea, but will it really be effective and will the customers choose that delivery option? Jet suit delivery may be useful in other delivery of important goods but I'm not sure about pizza.

Having a jet suit requires certain rules for handling and controlling movement. If one person buys such a suit, others will want to buy one. This problem is similar to that of scooters. How many people have already died because of scooter riders breaking the rules? You can't walk on the sidewalk. A step to the left, a step to the right, and you can get hit.
598  Economy / Gambling discussion / Re: Why People Still Gamble? on: June 22, 2023, 01:53:16 PM
Why are you being so dramatic? Gambling is a choice and no one is forcing an individual to gamble! If children get into this business it is obvious that their parents would react to this news negatively. As they are the ones who would be paying for his/her activities. I am not sure what made you think that everyone here on this board is always gambling. There are few here who would actually gamble and there is a big lot who are into sports betting. Luck-based games in gambling are losing their customer base. That is the reason most casinos on this forum are now adding sports betting.

Any business benefits from diversification. Betting on sports or on any event (including betting) is quite a fascinating activity. Of course, a person who is well versed in a particular sport can succeed here. Luck plays a role - but you also need knowledge. A passion for betting - a reasonable one - can serve as a certain incentive for a person to develop
599  Local / Альтернативные криптовалюты / Re: [ICO] FERRUM NETWORK - Интepoпepaбeльнaя сeть и блoкчeйн DAG on: June 22, 2023, 01:44:29 PM
Отчет за май 2023 от Ferrum Network

Mainnet

 команда mainnet приступила к разработке заключительного этапа создания тестовой сети. Добавлено управление комиссиями и усовершенствован алгоритм выбора майнеров.

В этом месяце работа по подготовке QP и тестовой сети к производству будет продолжена. Наша цель - завершить значительные части.

MultiSwap

Нода MultiSwap теперь создает сигнатуры EVM - EVM, EVM - Cudos и Cudos - EVM.

Следующим приоритетным пунктом является реализация механизма расчетов. Это обеспечит более точную и надежную торговлю, гарантируя оптимальное исполнение при учете колебаний рынка.

Интеграция COSMWASM MultiSwap

Аудиторская проверка смартконтрактов находится на финальной стадии утверждения. Тем временем команда внесла обновления в MultiSwap, чтобы интегрировать его с Cudos Mainnet. Разработка завершена, и началось внутреннее тестирование.


Более подробно - https://medium.com/ferrumnetwork/monthly-development-report-may-2023-cc5b2ed5012a
600  Economy / Economics / Re: Connect data to accelerate cashless payments on: June 22, 2023, 01:30:14 PM
Financial institutions around the world are working to replace cash with electronic payment systems. One of the most important areas where digitalization showed itself was payment systems. Using digital payment tools also has some risks. Security vulnerabilities in digital payments are a significant threat and this problem must be eliminated. I can say that the cashless society has increased rapidly after the pandemic. I would like to point out that this is more common especially in countries with a young population. I think that change will not be easy and we cannot exclude cash transactions from the financial system.

Many people in the world still do not have digital literacy and underdeveloped societies should be educated on these issues. There are many advantages of being cashless. The most important thing is that everything is recorded and security. While providing this, of course it is necessary to protect the privacy of people. However the use of cash creates a huge expense for countries. Printing money, securing money and distributing money is a painstaking task. Finally the formation of a cashless society is now inevitable and in this age where digitalization is progressing very rapidly, the formation of a cashless society will take place quickly.

Personally, I see a threat to personal security in the case of global digitalization. Data can always be available to criminals. They will know your income and plan their actions accordingly (blackmail, extortion, fraud will increase significantly). So I wouldn't get excited about the world being completely covered by cashless payments. There is always a fly in the honey.
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