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5881  Bitcoin / Bitcoin Discussion / Re: "What happens if bitcoin succeeds?" on: March 11, 2021, 01:52:07 PM
Yeah, well, same old story again. Wealth inequality is wonderful. To this day, all those who advocate wealth equality have done when they have gained power is to distribute hunger equally among the population. Lately I have been hearing speeches like this from people who until recently were dismissive of Bitcoin, saying that it was a scam, that it was going to go to 0...

Now, as they see that it is going to succeed, they come with Wealth Inequality. What they don't tell is that this story ends with an even more extreme Wealth Inequality. Look at Venezuela or Cuba, where the leaders are multimillionaires and the people suffer misery and hunger. There are no countries more unequal than communist countries.

5882  Economy / Speculation / Re: What's your exit price(s) on this bull run? on: March 11, 2021, 01:40:28 PM
No exit price. Just HODLing, although I may sell a little bit (like 10-15%) when we reach $100K, as I already did when we crossed $20k, 30k and 50k. Don't try to time the market, you'll sleep better and you'll make more money.
5883  Bitcoin / Bitcoin Discussion / Re: With a clogged network, users will start abandoning BTC for alts. Change my mind on: March 11, 2021, 12:38:58 PM
That's just people exchanging gold for cash to buy groceries.

If you want fast cheap transactions for everyday payments, you'll exchange bitcoin for alts. If you want to store value you'll buy/keep Bitcoin. I know this is not the p2p e-cash system original idea but Bitcoin is being successful as store of value and, according to Gresam's law, even if a solution like LN was really successful, people would still keep bitcoin and would use another less valuable alternative to spend.
5884  Economy / Economics / Re: The President creates a "Ministery of Extraterrestrial Affairs" on: March 11, 2021, 05:02:40 AM
Politicians are usually characterized by throwing money on imbecilities, but this one takes the cake. The other problem is, I'm sure many who voted for him will think it's a good idea, as is often the case.
5885  Economy / Reputation / Re: Chipmixer campaign by the constant pressure of the hypocrite? on: March 11, 2021, 04:51:26 AM
I was quite surprised how people started complaining in the CM thread that they were paying too much, leading to the subsequent drop in rates. As it usually happens, it is full of envious people, who when they see that someone earns a lot, instead of trying to improve themselves more, what they want is for the other to earn less. I'm sure when CM finally lowered the rates some of those who complained had an orgasm.
5886  Economy / Economics / Re: In COVID-19 everyone needs motivation on: March 10, 2021, 06:33:46 PM
Spanish flu is not the deadliest pandemic ever reported in human history. That distinction goes to the Black Death (1346–1353). Up to 200 million people died in this pandemic. This pandemic reduced the world population by anywhere from 10% to 40%.

In Europe between 40 and 70% of the population died. Think about that. Entire towns were wiped out. Compared to it, the current epidemic is nothing. Obviously, if someone in your family has died or is affected you need more motivation, but in general what has affected people the most are the restrictions imposed.
5887  Economy / Speculation / Re: I think it's time to go Short on Bitcoin on: March 10, 2021, 06:29:40 PM
All these people who say they are going to short Bitcoin, I wish they would post proof that they have finally done so, but I don't see any. Playing to go short is playing roulette, it can only work if you have a lot of knowledge and you also need luck, because getting it right consistently over the long term is so improbable that it is practically impossible.
5888  Bitcoin / Bitcoin Discussion / Re: What is the actual point of the many working parts of Bitcoin/blockchains? on: March 10, 2021, 06:21:42 PM
I never quite got why PoW makes one possible chain more valid than others?

I guess you want it all explained to you but if you feel like reading something for yourself, read up on the Byzantine fault.

Blockchain and PoW solved it, giving security to the system as @ranochigo has explained.
5889  Other / Off-topic / Re: Have you taken any of the covid vaccine? on: March 10, 2021, 02:21:05 PM
I personally have not taken the vaccine, but I know several people who have, who in most cases only had mild symptoms, but in the case of a friend who took the AstraZeneca vaccine, he was sick for three days. As if he had caught COVID-19. The individual reaction to vaccines, as to other drugs, may vary from person to person, but it seems that AstraZeneca's vaccine is the one that is most likely to cause the disease.
5890  Economy / Web Wallets / Re: login credential details with bitcoin apps on: March 10, 2021, 02:16:17 PM
You're worrying about something you shouldn't be worrying about. Are you worrying about the bank taking your money and sending it to someone else? Well, this is the same thing. Exchanges make more money and have fewer troubles running their business than trying to rip people off.

5891  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a gift cards on: March 10, 2021, 02:13:37 PM
It doesn't seem to be any different from bitrefill, which works very well. It's good that there is competition, and, yes, while this is not the use originally intended for bitcoin, it helps its adoption.
5892  Other / Politics & Society / Re: 94 year old healthy woman gets the vaccine. on: March 10, 2021, 11:05:38 AM
Don't know about the cases within the United States. But in India, a 103-year old lady got vaccinated a few days back and as per the news reports she faced no side effects:

https://www.hindustantimes.com/india-news/103yearold-kameshwari-j-becomes-india-s-oldest-woman-to-get-covid-19-vaccine-101615309198971.html

Those in their 80s and 90s are getting vaccinated all around the world and hardly any side effects are being reported. I understand that some people have an interest in spreading anti-vaccine propaganda, but there is hardly any truth in these claims of widespread adverse reaction to the medication.

Yes of course, it is not so important if a specific person suffers certain side effects, what is important is the percentage, along with the severity of the side effects. If we had to discard drugs because one person (or a small percentage) had adverse effects, pharmacies would not exist.
5893  Other / Politics & Society / Re: Believing in impossible things – and COVID19 on: March 10, 2021, 11:02:14 AM
-snip

I've merited your post, which I've done not just for this post but in general for your various post regarding COVID19. I have done so even though I disagree, which is unusual. I like that, in general it is possible to have discussions with you. With other people I have ended up putting them on ignore because of trolling or being disrespectful.

Regarding the mortality increase, I don't think this is a simple 2+2 thing, and, furthermore, it also doesn't explain why there was a huge increase in mortality in April that then subsided the rest of the year.
5894  Bitcoin / Bitcoin Discussion / Re: The history of bitcoin ATMs is much longer than I thought! on: March 10, 2021, 07:46:24 AM
-snip

Hi buddy. With all due respect to you, there is something about your story that doesn't add up for me. You are a legendary member of the forum, you are also in the Chip Mixer signature campaign and you say you have gone to a Bitcoin ATM to buy Bitcoin? I do not know if it was just to test it but I think that if you want to accumulate just by saving what they pay you in the campaign you'll end up with a lot.

At first, I thought you had gone there to sell BTC.

It does not seem that you need to buy Bitcoin and if it was for privacy there are other options.
5895  Economy / Speculation / Re: WoW! 3/13/2020 BTC Lowest Price Was $4,916.78! MOON Shot! HODL! on: March 10, 2021, 07:33:32 AM
Every cloud has a silver lining.

That was actually the tipping point that gave Bitcoin a boost. With the coronavirus crisis, central banks accelerated the massive printing of money (you have to think that 20% of the total dollars printed to date were printed last year) and that's what led many companies to buy bitcoin. When cash was devalued at 3% per year, one could have considerable cash reserves in his company because in exchange for a small devaluation, one had security but with the massive printing having cash means losing 15% annually. That was when MicroStrategy and others considered buying Bitcoin and opened a path that it seems that little by little many companies are going to follow.
5896  Economy / Services / Re: [Open] ▄■▀■▄ 🌟Bitvest.io🌟 - Plinko Sign Camp (Member-Hero Accepted)(New2) on: March 09, 2021, 04:36:16 PM
Re-applying

User: paxmao
Position to Apply: Hero
Posts Start: 1908
Address: 1HtdebNPECDjSac8CFVFb8Gh7muKj88Jjw
Earned Merits last 120 days: 23

(notes: will wear avatar when accepted) - last updated 9 MARCH 2021

If I were in your situation, I would probably send a PM to @CryptopreneurBrainboss. I was surprised that this week he has not hired anyone. In my opinion your post history has more than enough quality and you can contribute a lot to the campaign, I have seen that you have opened many threads lately that have given rise to healthy discussions in the forum.

I think that the Campaign Manager for some reason has forgotten/missed your application, or if not, the only thing I can think of is that since he sees that you are a Hero member and with quality in your posts, he thinks that you apply for this on a temporary basis and at the minimum you will go to another campaign that pays you better, preferring people who he believes will stay long in the campaign, as happens in many companies.

This, of course, are just my speculations, and the last word is up to @CryptopreneurBrainboss, but if it was up to me I would hire you.
5897  Economy / Service Discussion / Re: Artificial Intelligence Engine App predicts price movements on: March 09, 2021, 01:09:32 PM
Without questioning that this system may have a little more reliability than any other expert trader we may see advertised, I will not be hiring it.

First, because I am going to hold. Long term. And for that I don't need any AI. Secondly, because no matter how much AI it is, it is not infallible, since the movement of market prices is not the result of deterministic equations such as those created by Newton to understand the planetary orbits.
5898  Economy / Economics / Re: Economics of perpetual poverty - R. Kiyosaky and the dude on the street on: March 09, 2021, 01:03:33 PM
I believe that all of us who have been interested in personal finance have read him.

In the end, of all the finance gurus I've read, I prefer Dave Ramsey by far. He gives you 7 steps that everyone who follows them goes from poor to rich.

Regarding Kiyosaky, although I recommend him as a first read for everyone, I think his plan would not work for most people although it may work for some. It is based on taking on as much debt as possible to acquire assets that give you cash flow by taking advantage of low rates, and thus minimizing tax payments.

But this 1) works in the US but not in many other countries because they do not have the same tax breaks and rates. In addition, although we all think that rates will remain low for a while, they can go up, and this leads me to

2)He underestimates the risk. His system, again, is very focused on the US and its bankruptcy system, which is not the same in all parts of the world.

3) It does not take into account one thing that Dave Ramsey does take into account: personal finance is mostly a matter of behavior (psychology) and not so much of rational knowledge. I don't think most people are prepared to follow his cash-flow game.

I also want to point out that his sentence: "your house is not an asset" is fine as a concept if you understand what he means, but I disagree. He applies the same for example to an S&P 500 fund preferring to buy options, which to me is straight up garbage.

But let's go to the house example: according to him it is not an asset because an asset puts money in your pocket while a liability takes money out of your pocket. And I say that as a general idea it is fine but it is wrong. Because if you have a $350,000 paid off house you can sell it and go to a $250,000 house, putting $100k in your pocket, or you can go rent. So it is clearly an asset, and the banks take it into account to give you a loan.
5899  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: March 09, 2021, 12:46:25 PM
A middle-aged friend of mine had the Astra-Zeneca vaccine and says he has been on sick leave for 3 days, practically unable to get out of bed, fever, etc. As I have said in other posts, I also know of other cases that have had mild symptoms, but in the case of this friend I doubt very much that taking the COVID would have made him worse than the vaccine because he is slim, healthy and does sports.
5900  Other / Politics & Society / Re: Believing in impossible things – and COVID19 on: March 09, 2021, 12:38:02 PM
-snip

At the end of the day, this is a dialogue of the deaf because we have discussed those same arguments you are giving in other posts and we don't agree. We'll keep arguing I suppose. For me, the most interesting part of his article is to see how, again, a physician claims that COVID statistics have been inflated. I know that you keep insisting on the mortality increase, but I answered you in the other post and you still haven't answered: for me the mortality increase does not invalidate anything of what I expose, because it is logical that if we have a new deadly disease (although of low mortality), the total mortality will increase. This is perfectly compatible with COVID cases being inflated, as they have been.
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