Bitcoin Forum
May 28, 2024, 02:40:36 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 [30] 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 ... 274 »
581  Other / Politics & Society / White House is pushing ahead research to cool Earth by reflecting back sunlight on: October 19, 2022, 10:48:58 AM
Quote

  • The White House Office of Science and Technology Policy is coordinating a five-year research plan to study ways of modifying the amount of sunlight that reaches the Earth in order to temporarily temper the effects of global warming.
  • There are several kinds of sunlight-reflection technology being considered, including stratospheric aerosol injection, marine cloud brightening and cirrus cloud thinning.
  • Stratospheric aerosol injection involves spraying an aerosol like sulfur dioxide into the stratosphere, and because it has the potential to affect the entire globe, often gets the most attention.
  • While arguments of moral hazard have handicapped research efforts, the idea is getting more urgent attention in the worsening climate crisis.

The White House is coordinating a five-year research plan to study ways of modifying the amount of sunlight that reaches the earth to temper the effects of global warming, a process sometimes called solar geoengineering or sunlight reflection.

The research plan will assess climate interventions, including spraying aerosols into the stratosphere to reflect sunlight back into space, and should include goals for research, what’s necessary to analyze the atmosphere, and what impact these kinds of climate interventions may have on Earth, according to the White House’s Office of Science and Technology Policy. Congress directed the research plan be produced in its spending plan for 2022, which President Joe Biden signed in March.

Some of the techniques, such as spraying sulfur dioxide into the atmosphere, are known to have harmful effects on the environment and human health. But scientists and climate leaders who are concerned that humanity will overshoot its emissions targets say research is important to figure out how best to balance these risks against a possibly catastrophic rise in the Earth’s temperature.

Getting ready to research a topic is a very preliminary step, but it’s notable the White House is formally engaging with what has largely been seen as the stuff of dystopian fantasy. In Kim Stanley Robinson’s science fiction novel, “The Ministry for the Future,” a heat wave in India kills 20 million people and out of desperation, India decides to implement its own strategy of limiting the sunlight that gets to Earth.

Chris Sacca, the founder of climate tech investment fund Lowercarbon Capital, said it’s prudent for the White House to be spearheading the research effort.

“Sunlight reflection has the potential to safeguard the livelihoods of billions of people, and it’s a sign of the White House’s leadership that they’re advancing the research so that any future decisions can be rooted in science not geopolitical brinkmanship,” Sacca told CNBC. (Sacca has donated money to support research in the area, but said he has “zero financial interests beyond philanthropy” in the idea and does not think there should be private business models in the space, he told CNBC.)

Harvard professor David Keith, who first worked on the topic in 1989, said it’s being taken much more seriously now. He points to formal statements of support for researching sunlight reflection from the Environmental Defense Fund, the Union of Concerned Scientists, and the Natural Resources Defense Council, and the creation of a new group he advises called the Climate Overshoot Commission, an international group of scientists and lawmakers that’s evaluating climate interventions in preparation for a world that warms beyond what the Paris Climate Accord recommended.

To be clear, nobody is saying sunlight-reflection modification is the solution to climate change. Reducing emissions remains the priority.

“You cannot judge what the country does on solar-radiation modification without looking at what it is doing in emission reductions, because the priority is emission reductions,” said Janos Pasztor, executive director of the Carnegie Climate Governance Initiative. “Solar-radiation modification will never be a solution to the climate crisis.”

Three ways to reduce sunlight

The idea of sunlight reflection first appeared prominently in a 1965 report to President Lyndon B. Johnson, entitled “Restoring the Quality of Our Environment,” Keith told CNBC. The report floated the idea of spreading particles over the ocean at a cost of $100 per square mile. A one percent change in the reflectivity of the Earth would cost $500 million per year, which does “not seem excessive,” the report said, “considering the extraordinary economic and human importance of climate.”

The estimated price tag has gone up since then. The current estimate is that it would cost $10 billion per year to run a program that cools the Earth by 1 degree Celsius, said Edward A. Parson, a professor of environmental law at UCLA’s law school. But that figure is seen to be remarkably cheap compared to other climate change mitigation initiatives.

A landmark report released in March 2021 from the National Academies of Sciences, Engineering, and Medicine addressed three kinds of solar geoengineering: stratospheric aerosol injection, marine cloud brightening, and cirrus cloud thinning.

Stratospheric aerosol injection would involve flying aircraft into the stratosphere, or between 10 miles and 30 miles skyward, and spraying a fine mist that would hang in the air, reflecting some of the sun’s radiation back into space.

“The stratosphere is calm, and things stay up there for a long time,” Parson told CNBC. “The atmospheric life of stuff that’s injected in the stratosphere is between six months and two years.”

Stratospheric aerosol injection “would immediately take the high end off hot extremes,” Parson said. And also it would “pretty much immediately” slow extreme precipitation events, he said.

“The top-line slogan about stratospheric aerosol injection, which I wrote in a paper more than 10 years ago — but it’s still apt — is fast, cheap and imperfect. Fast is crucial. Nothing else that we do for climate change is fast. Cheap, it’s so cheap,” Parson told CNBC.

“And it’s not imperfect because we haven’t got it right yet. It’s imperfect because the imperfection is embedded in the way it works. The same reason it’s fast is the reason that it’s imperfect, and there’s no way to get around that.”

One option for an aerosol is sulfur dioxide, the cooling effects of which are well known from volcanic eruptions. The 1991 eruption of Mount Pinatubo, for instance, spewed thousands of tons of sulfur dioxide into the stratosphere, causing global temperatures to drop temporarily by about 1 degree Fahrenheit, according to the U.S. Geological Survey.

There’s also a precedent in factories that burn fossil fuels, especially coal. Coal has some sulfur that oxidizes when burned, creating sulfur dioxide. That sulfur dioxide goes through other chemical reactions and eventually falls to the earth as sulfuric acid in rain. But during the time that the sulfur pollution sits in the air, it does serve as a kind of insulation from the heat of the sun.

Ironically, as the world reduces coal burning to curb the carbon dioxide emissions that cause global warming, we’ll also be eliminating the sulfur dioxide emissions that mask some of that warming.

“Sulfur pollution that’s coming out of smokestacks right now is masking between a third and a half of the heating signal from the greenhouse gases humans have already emitted into the atmosphere,” Parson said.

In other words, we’ve been doing one form of sunlight reflection for decades already, but in an uncontrolled fashion, explained Kelly Wanser, the executive director of SilverLining, an organization promoting research and governance of climate interventions.

“This isn’t something totally new and Frankenstein — we’re already doing it; we’re doing it in the most dirty, unplanned way you could possibly do it, and we don’t understand what we’re doing,” Wanser told CNBC.

Spraying sulfur in the stratosphere is not the only way of manipulating the amount of sunlight that gets to the Earth, and some say it’s not the best option.

“Sulfur dioxide is likely not the best aerosol and is by no means the only technique for this. Cloud brightening is a very promising technique as well, for example,” Sacca told CNBC.

Marine cloud brightening involves increasing the reflectivity of clouds that are relatively close to the surface of the ocean with techniques like spraying sea salt crystals into the air. Marine cloud brightening generally gets less attention than stratospheric aerosol injection because it affects a half dozen to a few dozen miles and would potentially only last hours to days, Parson told CNBC.

Cirrus cloud thinning, the third category addressed in the 2021 report from the National Academies, involves thinning mid-level clouds, between 3.7 and 8.1 miles high, to allow heat to escape from the Earth’s surface. It is not technically part of the “solar geoengineering” umbrella category because it does not involve reflecting sunlight, but instead involves increasing the release of thermal radiation.

Known risks to people and the environment

There are significant and well-known risks to some of these techniques — sulfur dioxide aerosol injection, in particular.

First, spraying sulfur into the atmosphere will “mess with the ozone chemistry in a way that might delay the recovery of the ozone layer,” Parson told CNBC.

The Montreal Protocol adopted in 1987 regulates and phases out the use of ozone depleting substances, such as hydrochlorofluorocarbons (HCFCs) which were commonly used in refrigeration and air conditioners, but that healing process is still going on.

Also, sulfates injected into the atmosphere eventually come down as acid rain, which affects soil, water reservoirs, and local ecosystems.

Third, the sulfur in the atmosphere forms very fine particulates that can cause respiratory illness.

The question, then, is whether these known effects are more or less harmful than the warming they would offset.

“Yes, damaging the ozone is bad, acid deposition is bad, respiratory illness is bad, absolutely. And spraying sulfur in the stratosphere would contribute in the bad direction to all of those effects,” Parson told CNBC. “But you also have to ask, how much and relative to what?”

The sulfur already being emitted from the burning of fossil fuels is causing environmental damage and is already killing between 10 million to 20 million people a year due to respiratory illness, said Parson. “So that’s the way we live already,” he said.

Meanwhile, “the world is getting hotter, and there will be catastrophic impacts for many people in the world,” said Pasztor.

“There’s already too much carbon out there. And even if you stop all emissions today, the global temperature will still be high and will remain high for hundreds of years. So, that’s why scientists are saying maybe we need something else, in addition — not instead of — but maybe in addition to everything else that is being done,” he said. “The current action/nonaction of countries collectively — we are committing millions of people to death. That’s what we’re doing.”

For sunlight-reflection technology to become a tool in the climate change mitigation toolbox, awareness among the public and lawmakers has to grow slowly and steadily, according to Tyler Felgenhauer, a researcher at Duke University who studies public policy and risk.

“If it is to rise on to the agenda, it’ll be kind of an evolutionary development where more and more environmental groups are willing to state publicly that they’re for research,” Felgenhauer told CNBC. “We’re arguing it’s not going to be some sort of one big, bad climate event that makes us all suddenly adopt or be open to solar geoengineering — there will be more of a gradual process.”

Research it now or be caught off guard later?

Some environmentalists consider sunlight relfection a “moral hazard,” because it offers a relatively easy and inexpensive alternative to doing the work of reducing emissions.

One experiment to study stratospheric aerosols by the Keutsch Group at Harvard was called off in 2021 due to opposition. The experiment would “threaten the reputation and credibility of the climate leadership Sweden wants and must pursue as the only way to deal effectively with the climate crisis: powerful measures for a rapid and just transition to zero emission societies, 100% renewable energy and shutdown of the fossil fuel industry,” an open letter from opponents said.

But proponents insist that researching sunlight-modification technologies should not preclude emissions-reduction work.

“Even the people like me who think it’s very important to do research on these things and to develop the capabilities all agree that the urgent top priority for managing climate change is cutting emissions,” Parson told CNBC.

Keith of Harvard agreed, saying that “we learn more and develop better mechanism(s) for governance.”

Doing research is also important because many onlookers expect that some country, facing an unprecedented climate disaster, will act unilaterally to will try some version of sunlight modification anyway — even if it hasn’t been carefully studied.

“In my opinion, it’s more than 90 percent likely that within the next 20 years, some major nation wants to do this,” Parson said.

Sacca put the odds even higher.

“The odds are 100 percent that some country pursues sunlight reflection, particularly in the wake of seeing millions of their citizens die from extreme weather,” Sacca told CNBC. “The world will not stand idly by and leaders will feel compelled to take action. Our only hope is that by doing the research now, and in public, the world can collaboratively understand the upsides and best methods for any future project.”  



https://www.cnbc.com/2022/10/13/what-is-solar-geoengineering-sunlight-reflection-risks-and-benefits.html


....


Releasing particles into the atmosphere which block or reflect sunlight, could lead to colder winters. Due to greater dispersal of the sun's warming rays. It is known that from the 1950s to the present as much as 20% of sunshine in some regions has been reflected back into space or blocked by aerosol particles released by volcanos, fires, exhaust fumes and other sources of emissions.

While recent summers have gradually become warmer. Winters have to a degree trended in the opposite direction. Perhaps indicating that the trend is already in place.

Reduced sunlight might also correlate with reduced crop harvest.

Thankfully they say that these particles only remain in the atmosphere for 6 to 24 months. And so we will not have to worry about the future of the earth being similar to the matrix.

But if we do see record cold winters after these programs are implemented, I hope that people comprehend why.
582  Economy / Economics / PayPal warned over speech restrictions by financial regulator on: October 19, 2022, 09:20:11 AM
Quote
A top financial regulator and liberal ally of Sen. Elizabeth Warren said he was considering investigating PayPal for a policy, now retracted, allowing the company to fine users $2,500 for spreading "misinformation."

Consumer Financial Protection Bureau Director Rohit Chopra commented on a recent update to PayPal's acceptable use policy that drew accusations that the payments company was positioning itself to regulate the speech of customers.

"I've never actually never heard of a payment system thinking that it could fine someone for legal expression that their users are making," Chopra said during a Wednesday appearance on CNBC.

Chopra's comments were notable considering his position of authority and close alliance with Democrats. Previously, criticism of PayPal had mostly been limited to conservatives and free speech advocates.

The policy update that elicited blowback had added "sending, posting, or publication of messages, content, or materials that meet certain criteria," including the promotion of misinformation, to the list of prohibited activities that could be penalized.

"We have ordered most of the Big Tech firms for information about how they are making decisions about who they kick off their platforms," Chopra added. "But we also need to look into whether they believe they can be fining users for illegal activity."

While Chopra said that his agency would need to look at the facts of the matter before acting, he believed this to be "new territory" for the agency.

PayPal said that the policy update was an error on Sunday. "An AUP notice recently went out in error that included incorrect information," a PayPal spokesperson said. "PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We're sorry for the confusion this has caused."

While PayPal has stepped away from the policy, lawmakers have criticized them for it. Sen. Tim Scott (R-SC) said he would investigate the matter further. The company's stock has also dropped in value while searches for how to delete PayPal have escalated since the Sunday announcement.

Chopra is considered a close ally of Warren due to his previous work at the CFPB, which she proposed and helped set up, before being appointed to the office by President Joe Biden.

The payment platform removed accounts operated by two U.K. organizations run by a social commentator over alleged hate speech earlier last month. The accounts were reinstated days later.

https://www.washingtonexaminer.com/policy/technology/paypal-penalties-misinformation-new-territory-cfpb-director


....


Many on social media promised to delete their paypal accounts after their PYPL's controversial announcement to fine users $2500 for misinformational comments.

Hopefully everyone that canceled their paypal account will search for crypto alternatives to fill the gap instead. Paypal's bold move may have done some good for crypto mass adoption during a time when it was most needed. Isn't it interesting how these aggressive and heavy handed moves have a tendency to produce a backlash.

Depending on the severity of the outcome, it is possible paypal may face fines from regulators. Some sources claim such a move is possible, if unlikely.

Paypal's stock remains down near to $10 since before its announcement was made before being retracted.
583  Economy / Economics / Re: Actions against bitcoin miners would have greater consequences on: October 19, 2022, 04:44:19 AM
If the EU bans crypto mining. Bitcon's hash rate might decline temporarily, making mining more profitable. Which would incentivize greater investment funding in mining. Its a circle of cause and effect which crackdowns on mining have not yet been able to break. I think china believed their crypto mining bans would succeed in killing bitcoin. Instead it only succeeded in driving mining operations outside of china's borders. It is possible EU bans on mining would be the same. The european crypto mining sector is smaller than china's and could proportionally have a smaller impact.

United states attempts to ban crypto mining might be settled in the supreme court. States like texas have thriving crypto mining sectors powered by renewable wind farms. It will be harder to justify climate change bans on crypto mining in states like texas where the mining sector is almost exclusively powered by wind energy.

Then we have wild cards like el salvador who might be able to grow their crypto mining industry to leverage lost hash rate by european miners. El salvador has announced plans to fund geothermal plants to power their crypto mining sector. Geothermal power being cheaper than solar or wind energy could give el salvador miners an advantage if their plans materialize.
584  Economy / Economics / Re: Agriculture HODL on: October 18, 2022, 11:57:20 PM
I'm sure you have no idea what it's like to grow almond trees.

To grow almond trees you first have to have a piece of land, if you don't have it, you will have to buy it. Of course, agricultural land is a lot cheaper than building land, and it will depend a lot on the area, but get the idea that you will have to pay thousands of $ at a minimum.

Then you will have to pay for some almond trees that are already somewhat grown. I hope you are not planning to plant them with a seed because you can wait many years until you see some production and if they are seeds of a hybrid they will not produce much.

You can grow them without irragation, but if you want to produce to the maximum you will have to install an irrigation system, which implies a cost to install the system and to pay for the water.

Doing all this, with which you will already have to make a good initial investment, you will not see a decent production until 3 years later.

And all of this is only if you don't get a disease that kills them, such as Xylella fastidiosa, and all your investment goes to shit. This can typically happen with vines, almond or olive trees.

And then there is working the field, which will cost you money and time, unless you want to hire out all the work, which will cost you more money.

If more and more people are leaving the countryside, it is for a reason. I don't see that in the future the prices of farm products are supposedly going to rise extraordinarily and exponentially. Surely they will rise, yes, as they are already doing, but if they rise too much, people will not be able to pay them and therefore they will not be able to continue rising.

In this regard, I have left one thing unsaid before: thefts. Pray that they do not steal all your production, or if you want to take measures to prevent them from stealing it, it will cost you more money.

Or maybe you prefer to spend the harvest season with a rifle in your field.


I have a few nut producing trees. Harvested and sprouted nuts to produce more trees.

One issue I have run into is fragments of nut in seeds rotting and killing plants. One solution I have found is adding hydrogen peroxide to water as a disinfectant.

Before I began learning about gardening. I thought the same thing everyone does. Its back breaking hard work. You need a phd in plants to grow anything.

Think about the least intelligent and educated person you know. Then imagine that people such as these grew enough food to not go extinct over thousands of years of human history.

Farming is good exercise. Coming into physical contact with grass, mud and dirt provides people with beneficial bacteria and boosts their immune system. Plants and trees absorb toxins. Cleaning both water and air. There are upsides to merely attempting agriculture.


It wasn't about you not being able to do it but how fruitless (pun!) is this for a guy doing this alone with no investment in machinery!
The plum price for example is around 80 euro cents in store, that's including vat and direct wholesale is earning you 30 eurocents, obviously for a kilo, now erasing any other investment cost you will have to pick up 20 kilos for a post in the cm campaign and about 50kg for an hour of work at flipping burgers at mc donalds.
Quite down from throwing a few seeds and earning 100k while watching Netflix, right?

That's how bad the revenue (not profit!) is, the moment you quit the hobby and make it your daily work it's just survival, and you will never be able to make a profit unless you go big, that means land, that means thousands of trees, that means machinery that can clean a tree in 3-4 minutes with just one guy operating.

And how much is a kilo of something that grows on its own in a region compared to the same price for pineapple you see ins stores in northern Europe for example?
You have to pick one when you're doing the possible revenue sheet  Wink

Excellent summary, and still year after year after year I keep hearing of people who want to launch into this business because it's easy as hell, and revenue is through the roof. The good part about this is that once my family will quit and I sure don't plan on taking over it maybe I will find someone who will pay a lot of coins for it.


Well, in my case I could have a few advantages.

I'm in a tropical region with year round growing conditions. The area I'm in receives more than 300 inches of rain per year. Free water if it can be harvested, stored and distributed. There is also volcanic rock and ash providing potassium and other nutrients naturally in the soil. Being a tropical region, there is also no shortage of sunlight. In my case it could make sense to pursue agriculture seriously at some point. For others they would have to research and see if it was viable for their region and conditions.

I understand commercial markets are naturally competitive areas. Due to most food items being imported from overseas regions with significantly lower labor costs. But with rising cost of oil hurting food imports, those low labor cost advantages could soon be negated.

There may also be niche markets and areas of agriculture that are underdeveloped which could be targeted.

Financial experts claim rent and food are the two largest monthly expenditures for the majority of people. How much money could the average person save if they grew enough food to not have to buy any for 1 month? 6 months?
585  Economy / Economics / Re: Corruption Should Be Taught From Young Age on: October 18, 2022, 11:45:38 PM
In addition to all of the aforementioned factors, I believe corruption in society can be combated at a young age. This means that students should be taught about the negative effects of corruption in society and how it may influence them in the future, outside of the classroom.


How would you educate youth to choose good over evil?

Isn't it the basis for religion and law over thousands of years of human history?

Maybe you could argue that there haven't been many amendments made to most religions in thousands of years. They can be modernized and improved upon through the addition of more real world data and applications. Criminals and thieves could be interviewed to tell their life stories and how crime doesn't pay. Bernie Madoff, Martin Shkreli and others might feel inclined to do testimonials about corruption not being worth it. Maybe that would persuade youth to follow other paths.

But I think the harsh reality is that if a person is working full time and not earning enough to pay their bills. They don't have many options aside from crime. In that sense, any attempt at raising social standards must also come with economic and job opportunities to give people options other than crime and corruption.
586  Economy / Economics / Officials investigate disappearance of an estimated 1 billion alaskan snow crabs on: October 18, 2022, 11:26:08 PM
Quote
In a major blow to America's seafood industry, the Alaska Department of Fish and Game has, for the first time in state history, canceled the winter snow crab season in the Bering Sea due to their falling numbers. While restaurant menus will suffer, scientists worry what the sudden population plunge means for the health of the Arctic ecosystem.

An estimated one billion crabs have mysteriously disappeared in two years, state officials said. It marks a 90% drop in their population.

"Did they run up north to get that colder water?" asked Gabriel Prout, whose Kodiak Island fishing business relies heavily on the snow crab population. "Did they completely cross the border? Did they walk off the continental shelf on the edge there, over the Bering Sea?"

Ben Daly, a researcher with ADF&G, is investigating where the crabs have gone. He monitors the health of the state's fisheries, which produce 60% of the nation's seafood.

"Disease is one possibility," Daly told CBS News.

He also points to climate change. According to the National Oceanic and Atmospheric Administration, Alaska is the fastest warming state in the country, and is losing billions of tons of ice each year — critical for crabs that need cold water to survive.

"Environmental conditions are changing rapidly," Daly said. "We've seen warm conditions in the Bering Sea the last couple of years, and we're seeing a response in a cold adapted species, so it's pretty obvious this is connected. It is a canary in a coal mine for other species that need cold water."

Prout said that there needs to be a relief program for fisherman, similar to programs for farmers who experience crop failure, or communities affected by hurricanes or flooding.

When asked what fishermen can do in this situation, with their livelihoods dependent on the ocean, Prout responded, "Hope and pray. I guess that's the best way to say it."



https://www.cbsnews.com/news/fishing-alaska-snow-crab-season-canceled-investigation-climate-change/


...


It sounds like a scene from a hollywood apocalypse movie.

Quote
An estimated one billion crabs have mysteriously disappeared in two years, state officials said. It marks a 90% drop in their population.

"Did they run up north to get that colder water?" asked Gabriel Prout, whose Kodiak Island fishing business relies heavily on the snow crab population. "Did they completely cross the border? Did they walk off the continental shelf on the edge there, over the Bering Sea?"

According to the National Oceanic and Atmospheric Administration, Alaska is the fastest warming state in the country, and is losing billions of tons of ice each year — critical for crabs that need cold water to survive.

They say on a good day russia is visible from alaska. Should I be glad no one is blaming Putin for this, yet?

While I'm definitely not happy about ecological disasters. My own small part of the world having its own fair share of them.

On a purely abstract level could alaskan snow crabs be considered deflationary. Fishing boats in alaska once "mined" snow crabs. Now their rewards have declined by 90%. Snow crabs are becoming an increasingly scarce resource. I wouldn't be surprised if some crazy person tried to create stablecoins and altcoins to peg HODL alaskan snowcrab deflation.

The adaptation aspect of Darwin's law suggests snowcrabs migrated closer to the north pole for colder water. I think this story will have a happy ending.
587  Economy / Economics / India launches 75 digital banking units in financial inclusion push on: October 18, 2022, 11:14:21 PM
Quote
India on Sunday launched 75 digital banking units in villages and small towns across the country in a move that it said will help bring financial services and literacy to more citizens.

The digital banking units, set up in collaboration with over 20 public and private banks, are brick-and-mortar outlets that are equipped with tablets and internet services to help individuals and small businesses open their savings accounts, access government identified schemes, perform verifications, make transactions and avail loans and insurance.

The physical outlets span across all Indian states and union territories, andwill provide services in two modes. “Self-service mode will be available 24x7x365 days,” said Shaktikanta Das, Governor of Reserve Bank of India, in a virtual conference. “The banks are also free to engage the services of digital business facilities and correspondence to expand the footprint of DBUs,” he said.

Das said the units will also offer a digital assistance zone to answer queries from individuals and small businesses and hear their grievances.

Availing banking services has traditionally been a struggle for people living in villages and small towns, said Prime Minister Narendra Modi. Even as more than a billion bank accounts exist in India, people living in remote areas have had to typically take a day off from the work to visit a nearby city for their banking related work.

“We have given top priority to ensure that banking services reach the last mile,” he said. “We not only removed the physical distance but, most importantly, we removed the psychological distance.”

The digital banking units are part of the Modi government’s years-long efforts to serve people in the far flung areas of the country. The government launched Jan Dhan Yojana, a scheme to get all citizens access to banking and financial services in 2014. More than 470 million bank accounts have been opened as part of the scheme,

“Today the entire country is experiencing the power of Jan Dhan Bank accounts,” said Modi. “This opened the way for loans for the poor without collateral and provided Direct Benefit Transfer to the accounts of the target beneficiaries. These accounts were the key modality for providing homes, toilets, gas subsidy, and benefits of schemes for farmers could be ensured seamlessly. The IMF has praised India’s digital banking infrastructure. The credit for this goes to the poor, farmers and labourers of India, who have adopted new technologies, made it a part of their lives,” he said.


https://techcrunch.com/2022/10/16/india-launches-75-digital-banking-units-in-rural-areas-in-financial-inclusion-push/


....


What is relevant here is bitcoin supporters claiming a larger than 4 billion unbanked demographic in the world. Who comprise some of bitcoin's largest user and support base.

Banks and financial institutions primarily cater to whales and the wealthy. Global support for the poor and homeless are definitely lacking. Which is a primary driving force behind bitcoin and crypto mass adoption.

While crypto may not necessarily be the main motivation behind india choosing to roll out vastly improved support for its unbanked. It could provide greater competition between crypto and banks in the country. Which tends to be something that many crypto supporters approve of. As it could mean better tools, support and greater opportunities for people in general.

That said could the timing be wrong for this as it is occurring during a financial downtrend and global recession. While it is easy for investors and businesses to be profitable during a bull market. Our current bear market could tighten margins for error with new businesses and banks. Maybe what banks really need is to rollout a stablecoin pegged to the value of wood stoves and firewood.
588  Economy / Economics / Re: Agriculture HODL on: October 17, 2022, 11:58:36 PM
The value of firewood and wood stoves are climbing steeply in many areas.

Is it fair to say that the value of produce, plants and agriculture will follow the same trend.


Everything will be a bad example if you think of making money without work!
If things were that simple everyone would, how do you even say it, not doing a thing and earning money?
But as you can see, it's more and more quitting rather than approaching this field, because it's a risky pain in the ass low margin crap!

That aside, it's one thing growing a few fruits in your 100square yards garden and having this and that and just doing hobby work on them, that works, and it's enjoyable, but a totally different thing to take care of 100 trees. If we weren't a continent apart I would have invited you to come and pick some plum fruits next year, let's see how many 5kg boxes would you be able to do till you give up and you realize you're harvesting fruit at a lower value than flipping hamburgers at McDonald's!


Here in the tropics I have pineapple plants that are flourishing with zero maintenance. Some things do well with little care.

Personally, I used to enjoy doing labor work. I've done construction and labor work in the past. Its not a big deal.

The only thing that sucks about farming for me are mosquitos and biting insects. That's the only thing that would present a challenge if I chose to pursue a full time agriculture career. The physical work would be easy as it wouldn't be as difficult as the job I used to have.

I have a 50 pound bag of concrete outside. I tried to lift it with one hand. Wasn't that hard. I can carry stuff ok.
589  Economy / Economics / Re: Personal Flood Prevention/Sensitization Project. Any Ideas? on: October 17, 2022, 11:21:11 PM
I just need some ideas. How have you tackled flooding in your country? What works and what doesn't? Share your thoughts with me.


Japan dug 50 meter deep sewers on the outskirts of tokyo to contain excess flooding.



Image link: https://i.ibb.co/JK3Xg3p/tokyo50m.jpg

I guess the simplest solution would be to dig a trench near the edge of the flood zone to redirect flood waters to a lower elevation area. I have heard of large industrial pumps moving more than 200 gallons of water a minute. That could be another option. Could a large number of underwater flares or fires be used to boil the water away?

If a number of large cargo helicopters or airships were available. It might be possible for them to scoop up flood waters with large buckets which could be transported and dumped somewhere else. Large industrial scale sponges might serve a similar purpose. Large mirrors might be used to redirect sunlight onto flood waters, to evaporate them at a faster pace.

With flooding on that scale, there might be no easy or fast solution.

It is also possible to profit from flood waters. It can be filtered and and sanitized to convert into potable drinking water or split via electrolysis to generate hydrogen fuel.

The ground in my area has a high concentration of deep gravel and lava rock. Which causes it drain well. No matter how much it rains, there is always enough ground absorption for no puddles to form.

Some regions have high concentrations of clay in the soil forming a moisture barrier, not unlike a massive roll of plastic, preventing water from draining.
590  Economy / Economics / Re: Meta has burned $15 billion trying to build the metaverse on: October 15, 2022, 11:53:42 PM


Facebook's cancelled cryptocurrency projects libra and diem were better than anything metaverse has to offer.

Meta hasn't shown much invention or innovation in its attempt to reinvent the internet. There isn't anything new they bring to the table.

Those who follow finance and business know exactly where the money went. The same precedent has been an ongoing theme for other large US corporations for years. The abrupt rebranding to metaverse without much marketing or promotion. The considerable redistribution of funds, despite lacking a good proof of concept or tech demo. The buggy lo fi rollout. Everything about it shouldn't be too hard to figure out. Even without knowing the past history of financial engineering and massive debt restructuring occurring in brand name american corporations.
591  Economy / Economics / Re: The Economic Formulas For Future Food Shortage on: October 15, 2022, 06:59:06 PM
Food shortage is still unlikely. The productivity of modern agriculture is very high. In the US 30-40% of food gets thrown away. Also the US pays certain farmers to not grow anything on their land for environmental reasons - this also shows that we are very far from food insecurity.  GMO, better equipment, better fertilizers and pesticides dramatically increase food production.


You say we're very far from food insecurity. But have you seen prices in stores? They're becoming unaffordable for many.

We are currently facing severe oil and natural gas shortages. Despite those fossil fuels being critically necessary to the function of the economy and peoples lives.

One method of reducing prices in stores is for everyone to grow an abundance of food. Until market prices are forced to decline by increased supply.

We can also grow crops which can be refined into biodiesel fuel in an effort to reduce shipping and transportation costs in the country.

If anyone wants a hot tip for founding a start up. Think about growing things that can be refined into biodiesel. Then selling at the record high prices we see today to reap a good profit.
592  Economy / Economics / Re: Best Recession And Inflation Protected Assets on: October 15, 2022, 05:09:53 AM

I totally disagree that price of cup of tea and wheat bag remained the same - no - we use to get bread for 10 of our local currency not its is 20 and the wheat bag 1 kg use to be of 80 and now its approx 150 of our local currency which is not affordable to the poor person - your analysis is not correct.


Its near to the same price.

The main difference is inflation.

Which to a degree makes commodities inflation protected assets if you can find a way to HODL them.

If it were possible to HODL 10,000 cups of coffee for 5 years. Its value would trend with inflation. Protecting your wealth from devaluation.

Wheat could be a better option than coffee (or coffee beans) as I think it can be stored for 20+ years if prepared correctly.

Commodities were the go to option many turned to when inflation 1st became a concern, for these reasons.
593  Economy / Economics / Re: Running a successful business in most developing countries on: October 14, 2022, 11:59:33 PM
For this type of info, I like content published by podcasts, youtubers and blogs in the "side hustle" or "side job" genre.

There are people who own small chains of vending machines and ATMs who don't mind sharing business details of how their operations run. There are people who start a small business cleaning parking lots or cutting lawns. Who go on to become millionaires.

When most think of starting a business they think of being a CEO. Making a big business loan with a bank. Incorporating. Buying expensive and impressive equipment.

But really I think the roots of a successful business begin and end with identifying essential needs of consumers and filling them. The more efficiently and effectively this can be done translates to better overall value and profit.

In the case of developing nations, I think a good business option for most would be retrospective things. One example is evaporation based coolers which can keep food cool using water in the absence of electricity. Archimedes screws as low tech water pumps. Things people need and use might always be a sound foundation for a business plan.
594  Economy / Economics / Re: Agriculture HODL on: October 14, 2022, 11:45:13 PM
Demand and offer!
Just as how instead of $300 per barrel of oil how some idiots predicted we went down to 80$ and they need to cut production to even keep that level once something becomes more expensive it also becomes less sought after, and almonds, pistachios, and every single thing in this exotic category are the first on the list that will be dropped by the average consumer once it doubles in prices, reducing the demand and leaving you with increased costs to revenue ratio and a ton of competition.


Its not the same.  Cheesy

We know demand for locally produced food items is rising sharply due to inflating oil, shipping and transportation fees hammering food imports.

Food prices in stores have appreciated in value significantly. Rising demand won't be stabilized until store prices decline to normal values. That is a lot of volume to fill.

Competition is also declining. Most agriculture relies heavily on fertilizer derived from natural gas. Given current natural gas trends, those who know how to produce organic alternatives could have a significant advantage.



2500Kg for a ha, so you need two hectares (5 acres if I'm not mistaken), but that's our full nuts so I guess three times the area at least.
Of course, you need irrigation, you need pesticides, and you also need to HODL your breath for 5 years till they make any serious fruit!
Still keen on doing it? Not to mention that's the packed resell price, not what you're getting for raw product, add another 10% loss just on the nuts that will be thrown away at sorting.

Also, there is one other huge barrier, you either need costly machinery for harvesting



I think almonds were a bad example.

I saw lychee fruit selling on amazon for $17 a pound. There are years where I might throw away 50+ pounds of lychee as there is too much to pick and eat. The lychee tree doesn't receive much maintenance or fertilizer. Although now I am trying to take better care of it and grow more of them. Pineapples are another very low maintenance crop here in the tropics.

This isn't to suggest that selling nuts or fruit on amazon is the most profitable or best enterprise. But I think there are some niche areas where people with excess land might grow things with low maintenance and upkeep. Which they can sell to produce something similar to passive income.

As for targeted agricultural markets, I have been thinking about cacao beans. There was a case years ago where the supply of cacao was bought up and centralized if I remember correctly. That might be worth an attempt at agricultural development if its a monopolized market where prices could be artificially inflated.

Jackfruit could be a good option as I think it can produce fruit in as little as 18 months. Papayas are said to fruit in as little as 7 months. I had a papaya growing that fruited very quickly before being utterly destroyed by white flies.

Anyways hope everyone is doing well and having success with whatever they're doing. As long as supermarket prices remain high, I would guess there is plenty of space for profit for anyone interested in entering agriculture.
595  Economy / Economics / Re: Uber Doordash plunge after regulation proposal change to worker classification on: October 14, 2022, 10:55:10 PM
I was reading your post in all seriousness until I came to the above....and I just have to ask: are you joking??  I hope so, because not only wouldn't the gig workers not go for that (they'd be crazy if they did), but who's going to fly to Mexico for a yearly physical or a broken leg or, or, or...I could just keep going on about how impractical that would be.


Healthcare and dentistry industries in countries like mexico are designed for an average worker in those places who might earn 10 times less than you do. Based upon that observation alone, how much more affordable would you guess healthcare is in those countries.

Travelling to south america, mexico or abroad to get plastic surgery or assorted high cost medical operations done is an old trend. I remember reading about it in the news 10 years ago. At the peak of Kim Kardashian's fame (butt) there were women travelling to south america to get butt lifts. Which unfortunately turns out to be the most dangerous plastic surgery option to have done. As it resulted in many fatalities.

While it might not apply to every healthcare situation that comes up. It is definitely a valid practice for many.

I have seen recent specials were plane tickets from the united states to south america were selling as low as $50.
596  Economy / Economics / Re: JP Morgan CEO, Jamie Dimon, another Charlie Munger? on: October 14, 2022, 10:46:02 PM
Jamie Dimon and Warren Buffett repeated near word for word the same stance on bitcoin.

"I'll never buy it. I'll never own it. Blahblahblah."

Maybe their bodies have been taken over by aliens. That could explain similarity in their comments.

Or it could be the coke versus pepsi ethos of business rivals not wanting to acknowledge strengths of their competing brand.

Over the last century our banking institutions have closely resembled twitter in their lack of rolling out new features and innovations. Twitter developers love to parade an edit button as their cutting edge next generation technology which might "someday" be available. To a degree banks do the same with CBDC and blockchain. What type of person is the leader of these trends? People like Jamie Dimon apparently.
597  Economy / Economics / The Economic Formulas For Future Food Shortage on: October 14, 2022, 10:21:31 PM
Please consider the following.


Fossil Fuels

  • Most nations import food from regions outside their borders, making them dependent on stable fossil fuel prices to maintain shipping costs
  • When the price of oil rises and shipping costs inflate, the additional costs are passed on to consumers in the form of higher food prices
  • Chemical fertilizers, herbicides and pesticides used in commercial agriculture are often derived from natural gas
  • Rising chemical gas prices can greatly elevate the cost of fertilizer, herbicide and pesticide


Climate Change

  • Global warming gives us hotter summers, while another climate change phenomenon known as global dimming (airborne pollution particles blocking or reflecting sunshine) gives us colder winters
  • Flooding floods crops and harvests
  • Drought makes water scarce, increasing the price of water needed for agriculture


Economic Downtrend

  • Liquidity and credit can dry up in economic downturns making it more difficult to sustain agriculture operations in times of crisis
  • Many farmers do not own their farmland and make monthly payments which can be destabilized by rising interest rates and inflation


It seems clear we have future agriculture issues.

Perhaps governments of the world could further subsidize agriculture production to incentivize markets against higher fossil fuel prices, climate change and other negatives. But there is a considerable lag time for growing food that is measured in months from seed planting to harvest. If shortages arise, it would take a minimum of months to address them.

From past history we know food shortages are a massive ecological disaster. Hungry people try to eat grass, leaves and random things growing in the wild. Destroying forests and nature.

I hope everyone realizes getting in early and preparing is the best strategy for mitigating these types of potential disasters.

Don't sit and wait thinking governments will save you.

While agriculture and plants are one food option. There are definitely others. Its easier than ever to farm fish and shrimp within a small area.

It is also a good time to learn to hunt and fish. Or find places where there are food sources growing naturally in the wild.

598  Economy / Gambling discussion / Re: Double Unification Fights: Shields vs Marshall / Mayer vs Baumgardner on: October 14, 2022, 10:10:06 PM
Claressa Shields said she felt like she was fighting the judges, the referee and the crowd when she fought Marshall in the amateurs.

I worry about her mental health, she sounds a bit paranoid.

Claressa Shields is the better athlete and more skilled boxer.

But has mental issues and doesn't seem to be surrounded by good people or a good community that would help to keep her centered.

Marshall is the opposite, less skilled and inferior athlete. But has smart and good people around her to keep her from being paranoid or going crazy.
599  Economy / Economics / Re: Competition in business on: October 13, 2022, 11:55:19 PM
Competition is usually associated with decentralization. Without lack of competition in markets is associated moreso with centralization.

There is a long history of precedents for both movements. Which is usually not covered by youtubers and financial advisors. I can't claim to have read an overwhelming amount on the topic. From what I have seen, there are many things that become evident in terms of content. Its very uncommon for mistakes of the past to be acknowledged or remembered. The generation gap prevents knowledge from being transmitted from older generations to younger ones. People tend to assume its solely the responsibility of schools and educators to fill the gap.

One thing that is certain is our greatest inventions and technological achievements were products of competition. Things like Einstein's Theory of Relativity may have been partially motivated by competition between nations involving wartime eras of World War I and World War II. While lack of competition can also be strongly associated with lack of achievement and progress.
600  Economy / Economics / Best Recession And Inflation Protected Assets on: October 13, 2022, 11:44:23 PM

Keyword search: best recession performing assets.

Keyword search:  best inflation performing assets.


I have seen a number of good breakdowns and analysis for our current market situation under those headings.

One word that seems to frequently appear is: commodities. No matter how much market conditions change. The price of a cup of coffee. A bushel of wheat. Kilograms of gold, steel or aluminum. These things tend to remain the same. In some cases, the value of basic commodities can inflate dramatically if shortages arise. Or if the cost of shipping and transportation increase to deter imports.

Another shift that could occur is in manufacturing. China has become the major manufacturing hub in the world. But if rising cost of oil hampers chinese exports. Demand could rise dramatically for commodities that are produced locally. Which could open the door to many small DIY and locally sourced alternatives. One critical aspect to this shift from foreign manufacturing to local manufacturing is local producers would also need locally sourced stockpiles of raw materials. Over the long term, this could inflate the price of locally sourced metals, lumber, fiber, waste oil, and so on.

One strategy to HODL is to accurately predict future market conditions and position accordingly. Perhaps in past history and current circumstances we can see opportunities arise. Which can allow for even the darkest recession and inflation era to become a profitable one.


Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 [30] 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 ... 274 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!