Your comparisons of Bitcoin with various things with which there is almost no point of contact are strange to say the least. Those cards you mention (or any others) can not only be issued in millions, but can also be forged and produced in virtually unlimited quantities and have no value for those who are not closely connected with it - in other words, collectors and those who are interested in baseball. Bitcoin has a maximum supply, you cannot fake it and anyone can distribute it through the blockchain anytime and anywhere in the world. While sports collectibles undoubtedly have their value, it makes no sense to compare them to something like Bitcoin. Those cards from 2023 will probably be worth something in 100 years or so, because even those that are around 50 years old don't have much value today. So, whoever says that baseball cards are no longer valuable simply doesn't know what he or she is talking about...
Sure, the massive print runs during the late 80's and early 90's killed the value of most post-1980's cards. On the flipside, we have this. The most expensive baseball card in history just sold for $12.6 millionA Mickey Mantle baseball card from 1952 sold for a jaw-dropping $12,600,000 early Sunday morning, according to a news release from Heritage Auctions shared with CNN. The sale makes the card the most valuable sports collectible in the world, according to the auction house. The price almost doubled the previous record for a baseball card set when a rare Honus Wagner sold for $6.6 million last year. And it also beat out the record for any item of sports memorabilia, bypassing the $9.3 million sale of Diego Maradona’s famous ‘Hand of God’ jersey. https://www.cnn.com/2022/08/28/business/mickey-mantle-baseball-card-sale-trnd/index.html Long story short, its a basic and fundamental principle of finance and economics to say that greater scarcity correlates with higher value. Its a basic principle of supply and demand. Greater print runs of baseball cards in the 1980s and 1990s would make them an inflationary asset, rather than deflationary. But over the long term basic supply and demand coupled with scarcity validate everything I said. So I'm not certain what your point of disagreement is. |
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Warrantless search and seizures of internet domains and assets, outside of a legal court process have questionable legality They don't need to prove money laundering occurred, or even that a crime was committed. They can simply shut down whoever they want on a whim. Which could be considered a breach of due process and basic rights. Innocent until proven guilty, implies neither the media nor law enforcement should have the power to serve as judge, jury and executioner.
I have toned down the content of my posts. So as to not reflect negatively on chipmixer. Maybe I can be a little more honest about things now?
I noticed a few posters on this forum with chipmixer signatures writing many single line posts this week. As if they had been warned and knew this was coming in advance. If law enforcement is around, they have probably monitored this place for a long time.
If I lose sig campaigns as a source of income, I have to try to find a way to make a million dollars, instead. With whatever time I devoted towards posting here. There isn't a whole lot else to do atm.
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When COVID-19 made headlines, I began exercising more. Exercise boosts the immune system and reduces blood pressure. Stretching also reduces blood pressure and helps to clear blocked arteries and veins. One key exercise doctors and medical professionals recommend to treat blood clots (and also to prevent them from forming) is to do a lot of leg stretches.
High blood pressure and blocked arteries (inflammation) are two of the main problem areas for COVID. Which is why COVID is known to hit demographics with high blood pressure the hardest such as the elderly. Being able to improve those areas could go a long way towards being able to better cope with COVID.
I also made an effort to eat more foods containing vitamin D and zinc. In terms of statistics, it is known that many in western nations have a severe shortage of zinc in their diets. With zinc being a critically necessary mineral for proper immune system function. Vitamin D also contributes towards the same.
My first indication for being infected with COVID was loss of senses of smell and taste. A few days later, there was one day where I was tired and slept a lot. Then the illness was gone. The only recurring issue I had was loss of taste, smell and appetite. Despite not having eaten for a few days, I wasn't hungry and felt no need to eat anything. After 4-5 days of not eating I began to feel a little weak and had to force myself to eat. Then luckily the digestive system returned somewhat to normal.
I always avoid antibacterial soap and never clean open wounds and injuries with much more than soap and water. Which might have helped immune system function. Also living less than 10 miles from the coast could mean there is some beneficial salt in the air. Prior to COVID it may have been 10-15 years since the last time I got the flu or another sickness. I've been very lucky in that regard.
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What I am focusing on, is how inflation is causing hardship in the world
Much of the world's oil sales are conducted in US dollars aka the petro dollar. The US dollar is remaining strong in international trade. While the native currencies of other nations are weakening significantly. If the exchange rate was 1:3. US dollar to native currency. The divide is widening to where it is now 1:5 or even 1:7 or higher. This is severely limiting the amount of oil many nations of the world are able to purchase. The purchasing power of non US consumers is also being decreased on exchange, in addition to other negative trends. Some nations in africa, like ghana, were seeking to conduct oil transactions in gold to circumvent widening exchange rates. Other nations are taking other steps to shore up their local economy. Stablecoins could have the potential to become a trillion dollar business in this environment. A stablecoin pegged to the US dollar might allow foriegn nations to circumvent widening exchange rates. This is nothing new. Residents in regions with inflation like turkey have been storing their wealth in stablecoins in an effort to protect their wealth from inflation for years. Bitcoin is also an excellent option. Collectible baseball cards printed in 2023 are a deflationary asset. As each year passes, some cards will be lost or destroyed. Causing the value of a baseball card to appreciate over time as it gains in scarcity. Bitcoin follows the same trend. Each year many coins will be lost causing it to become an increasingly scarce resource. This could allow the value of coins to appreciate over time via the same deflationary mechanism as baseball cards and sports collectibles. With BTC having an advantage of intrinsic value, in terms of it carrying utility. |
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Silicon valley is located in california which is known for having the 5th largest economy in the world by GDP. Economy of CaliforniaThe economy of the State of California is the largest in the United States, with a $3.63 trillion gross state product (GSP) as of 2022.[2] It is the largest sub-national economy in the world. If California were a sovereign nation (2022), it would rank in terms of nominal GDP as the world's fifth largest economy, behind Germany and ahead of India https://en.wikipedia.org/wiki/Economy_of_California SVB's troubles might mean the central pillars of banking, which support the state of california's $3.63 trillion dollar economy are running at higher risk than normal. It all depends on SVB's demographic numbers. It is known that they handled roughly 50% of all startups in the USA. Which could mean their downtrend is derived mainly by collapse of something resembling another dot com bubble. |
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Given recent events, the US debt ceiling will become a major issue in 2023.
US state programs will be funded until june - july 2023. At which time, representatives may opt to raise the debt ceiling. There are many options and negotiations on the table. Some are proposing a selective process of paying some budgetary obligations while ignoring others. Politicians are up in arms over this. I'm suprised there isn't more discussion on the topic. Given the potential consequences and impact it could have upon americans standard of living.
April 2023 could also be a big month. Some have claimed russia could default on its bonds around that timeframe.
The US Presidential race being around the corner in 2024. It has become standard policy for most key presidential candidates to begin campaigning roughly 1.5 years before the elections occur. We're nearing that timeframe now. Which could make things interesting. As far as economic and financial policy go. I for one am hoping politicians will get soft on crypto proposals to pander to voters.
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avoid a small margin business and instead acquire a skill or learn a trade where there is a reasonable profit margin.
Most small margin businesses I know of are ones which lease a warehouse or storefront location. They have a double rental expense between their residence and business location. This format usually exacts a heavy toll upon profit margins. In cases where rental costs rise, their profitability can disappear overnight. Its much more affordable and profitable to run a business out of ones own residence or garage. While it may not be zoned for running a business. Benefits usually outweigh disadvantages. In a worst case scenario, where the economy crashes and everyone regresses to a barter based system. Having some type of skill or trade is a better position to barter from than having a small business. |
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 The image shows the exchange price between Weimar Republic marks in the hyperinflationary period and gold. As can be seen, the marks ended up losing almost 100% of their value and in comparison the price of gold went into the stratosphere. But the process was not a straight line, rather there were sharp drawdown and a lot of volatility: Those charts date back to a previous era of history, when people mined gold from the earth with pickaxes and shovels. The advent of mechanization has dramatically increased mining and production aspects of gold. Substantially increasing the global supply. I believe these upticks in mining technology will lead to a less dramatic and less pronounced price spike. Another major contributing factor is the global economy of today lacking a gold standard. Most people wouldn't know what to do with gold, leading to large decreases in demand. Gold was a more widely supported token of exchange during that time. There was considerably more infrastructure and economic support for gold, than there is now. What we should naturally expect is for the supply of gold to increase, with support and demand for precious metals over the same period of time, declining. These two elements should converge to produce a far less dramatic price spike of gold, if one does actually occur. Another key observation to keep in mind with that chart is that period of time preceding the great depression in 1929. It is possible that the sharp spike in gold supply observed during the 1920s was partially motivated by sharp and savvy investors buying up stockpiles of gold to prepare for the economic downturn of 1929. |
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Crypto exchangers allready working with debit cards like binance debit card and who really needs a Banks anymore ??
Good question. While crypto has exhibited impressive growth. One aspect of the banking industry crypto has not been able to expand into are home and car loan markets. At the moment, it appears crypto can never replace banks, unless more progress is made in those sectors. There are simply no alternatives. |
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I was thinking that bitcoin's massive rise, could have been fueled by many around the world withdrawing money from their bank accounts to buy bitcoin instead. The crash of silicon valley bank has to leave consumers concerned about whether a bank run will occur. Whether they will have access to their money if FDIC insurance isn't upheld. This could lead to mass withdrawals with consumers seeking other assets in which to store their wealth.
We won't know for certain exactly what happened until more data is available. There are a few generic scenarios which can typically explain most price movements. Of which, most have been known for many years.
Many of the things people believe are "new" have been around for decades. People simply did not know about them until now.
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This was an interesting set to see late last night while surfing my usual youtube channels seeing a clip of the well-known Bitcoin & Cryptocurrency scam detective Coffeezilla who had inteviewed Sam Bankman Fried right before FTX CEO was set to be prosecuted before the court.
He was first mentioned back in November 2022 on the famous podcast hosted by none other than Joe Rogan announcer of the UFC corporation. Joe Rogan is a multi millionaire through his deal with spotify. His net worth could be greater than $200 million. Joe Rogan Deal With Spotify Is Actually Worth More Than $200 MillionSpotify’s deal with Joe Rogan, the popular podcast host who has attracted a swarm of controversy in recent weeks, is worth more than $200 million, according to a new report by the New York Times. Variety confirmed the figure via a source knowledge of the pact. Citing anonymous sources, the Times reported that “the true value” of the deal negotiated between Spotify and Rogan — spanning three and a half years — was “at least $200 million, with the possibility of more.” Previously, the pact had been said to be worth more than $100 million, as first reported by the Wall Street Journal. https://news.yahoo.com/joe-rogan-deal-spotify-actually-202442278.html I saw some of the highlights from JRE's podcast with Coffeezilla. Excellent content for sure. Joe Rogan and Coffee did a great job breaking down every aspect of things on a play by play basis. |
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It might be a good practice to use a digital camera or smartphone in addition to screen capture apps. They record EXIF metric data via default.  Image link: https://i.ibb.co/4ZPy8LM/smartphone-exif-data.jpgWhich could increase the authenticity of any claims that are made. |
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Gambling addicts believe their only chance in life to make something of themselves and be somebody is through gambling.
What they really need is a 2nd career option. Another hope for earning a decent living, aside from gambling. Many parents encourage their children to acquire vocational skills and a college degree so that they have something to fall back on. In case, their dreams of being a musician or artist do not pan out.
Many gambling addicts have no 2nd option. They believe their only chance for becoming a millionaire is to win the lottery or win a lucky bet. Having no other options in life, makes it very difficult for them to gamble responsibly.
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If they have the solution, why are banks still failing? Basic and fundamental principles can adequately describe reasons behind most banks failing. 1. Many financial institutions rely upon a forecast of steady growth to maintain viability of their business model. This is similar to the US real estate industry prior to the 2008 subprime mortgage crisis. Many real estate firms created higher risk business models based on consistent growth. In the expectation that the market would never decline. This led to big crashes in real estate when an unexpected downturn occurred. 2. Risk and reward are fundamentally correlated in finance. This leads to financial institutions in sectors which are historically deemed "safe" accruing larger amounts of risk in an effort to generate higher potential rewards. Banking is considered a "safe" industry. Which often leads to many banks taking on greater amounts of risk, in an effort to generate greater profits. This approach over time, if left unchecked, can lead to instability and unsustainability. 3. Recession, inflation and economic downturn often produce spectacular crashes. Many businesses and financial enterprise would forecast only a 0.02% chance of economic contraction occurring. Which would leave many unprepared in the event that it occurs. |
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The ongoing conflict between Ukraine and Russia has caused economic instability in the region To validate this statement a person could poll the public to gauge what the number #1 cause of economic stability is. I wonder what the results of such a poll would resemble? why do you answer such questions at all?
1. Learning purposes. Discussion drives a personal quest for information and literacy on topics like economics, politics and finance. I've learned a lot by simply reading questions and searching for answers. Not wanting to be the person who consistently supports all the wrong things. This could be an important trend for society and civilization. We vastly underestimate the degree to which people refusing to be literate and informed causes them to support all the wrong things. Leading to the opposite of progress. 2. Curiosity on the views and opinions of others. The words that people type reveals a lot about their values, worldview and character. Taking the time to listen to what people are actually saying can be yet another learning experience. I think this is something the entire world is waking up too. Given recent poll numbers in the public's declining trust in the experts, analysts, celebrities and the mainstream media. |
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Arbitrage strategies in sports betting are usually hedges.
If you have a 5 play accumulator (parlay) with the first 4 plays being successful.
Savvy gamblers will often make the opposite bet from what they need to finish the final segment of their accumulator, producing arbitrage conditions where they will be nearly guaranteed to win something. Unless the rare event of a draw occurs.
I have not seen or heard about casinos or sportsbooks cracking down on hedging practices. There are other methods to setup arbitrage scenarios.
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Interestingly, rising interest rates are credited with hurting Silicon Valley Bank's bond offering. Which they need to fund ongoing operations. Their location in silicon valley, which has been viewed as a hub of innovation, implies much of their business was involved in funding start ups. Of which they claim to have funded 50% of all start ups in the USA. Whatever their stock is worth. It could see a big boost if they're bailed out by the fed. Or crash further if they're not bailed out. There was a report released a few years ago claiming that a high percentage of big banks were underfunded and would be vulnerable if a recession occurred. I will try to dig it up and find it, later. |
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GPT-4 is 500 times more powerful and boasts 100 trillion machine learning parameters,
It sounds most excellent. But does the technology scale? I don't know that expansion of learning parameters can improve upon contextual chain based associations. That appears to be the missing link as far as GPT and soft AI go. However many contextual points of reference artificial intelligence requires to produce creative works that are linear in context to human cognitive function. It is possible that we have not yet developed an optimal data structure or algorithm for producing or even emulating the mechanism within a software engineering context. This issue runs parallel to tech corps like tesla having difficulty with self driving apps. Translating contextual cues of driving on a road. To a format that an AI can comprehend and extrapolate to the correct response. Could well be a vastly understated issue as far as machine learning and AI go. Its an old debate. Some claim the human brain functions on a quantum level with an extraordinarily high number of computations being necessary to produce human consciousness. For many years scientists dismissed these claims. But in a recent turn of events, it seems that the concept of the human brain functioning on a quantum level has gained traction in science circles. Whether or not an AI would need to meet or exceed the expectations of calculation a brain operating on a quantum level is capable of. Remains an unanswered question. |
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Crypto billionaire Arthur Hayes has proposed a Bitcoin-backed stablecoin. The stablecoin's value would need help from exchanges to maintain its $1 peg. In a recent blog post, the former CEO of BitMex proposed the Satoshi Nakamoto Dollar, NakaDollar ($NUSD), which would rely upon derivatives exchanges that list liquid inverse perpetual swaps. This will allow the creation of a synthetic USD equivalent without using USD held in the fiat banking system. The proposed stablecoin will be based on a set of short BTC positions and USD inverse perpetual swaps, maintaining its 1:1 peg to USD via mathematical transactions between the new decentralized autonomous organization (DAO), NakaDAO, authorized participants (AP), and derivatives exchanges. "1 NUSD = $1 of Bitcoin + Short 1 Bitcoin / USD Inverse Perpetual Swap," Hayes wrote, noting that this is how the proposed stablecoin will be designed. He said this relationship allows for creating a USD equivalent without encumbering more crypto collateral than it creates in fiat value, unlike MakerDAO. Notably, the NakaDollar would not be decentralized. The stablecoin is supposed to rely upon centralized crypto derivatives exchanges, which are highly liquid, rather than banks to custody USD for tokenization. "The points of failure in the NakaDollar solution would be centralised crypto derivatives exchanges. I excluded decentralised derivative exchanges because they are nowhere near as liquid as their centralised counterparts, and their pricing oracles rely upon feeds from centralised spot exchanges." The NakaUSD DAO will have a legacy legal existence because it will need an account on all the member exchanges, Hayes said. The DAO will also come with its own governance token, NAKA, which can be used to raise funds and finance developments. Both NUSD and NAKA would be ERC-20 tokens that live on the Ethereum blockchain. The crypto billionaire said the industry currently has the tools and the organizations needed to support $1 trillion or more worth of NakaUSD stablecoin. “If this solution were embraced by traders and exchanges, it would lead to a large growth in Bitcoin derivatives open interest, which would, in turn, create deep liquidity." Search For Non-USD Stablecoin Finds MomentumHayes’ proposal comes amid a renewed call for stablecoins that are not tied to traditional currencies like the US dollar or euro. Binance, for one, has revealed that it is looking beyond dollar-based stablecoins after the New York Department of Financial Services (DFS) ordered Paxos, a crypto firm that issues Binance’s stablecoin Binance USD (BUSD), to stop minting BUSD tokens. Patrick Hillmann, Binance’s chief strategy officer, said in late February that multiple private and public entities had shown interest in collaborating with the exchange on launching another stablecoin, one that might not be dollar-based. Stablecoins are an essential part of the crypto ecosystem as they facilitate billions of dollars in trading and lending and provide an alternative to the high volatility of popular cryptocurrencies. https://cryptonews.com/news/crypto-billionaire-arthur-hayes-proposes-bitcoin-based-usd-stablecoin-how-would-it-work.htm.... The proposed stablecoin will be based on a set of short BTC positions and USD inverse perpetual swaps, maintaining its 1:1 peg to USD via mathematical transactions between the new decentralized autonomous organization (DAO), NakaDAO, authorized participants (AP), and derivatives exchanges. Hmm. Is there anyone who is excited over the prospects of this becoming widely adopted? Given past bitcoin's history of price volatility. Is it surprising to select it as a candidate for a stablecoin. And if BTC were pegged to an asset. Would the US dollar be the #1 choice for many? While it is true that many residents abroad favor dollar pegged stablecoins as an asset to store their wealth. As it allows them to escape inflation associated with native currencies. The US dollar does appear to be losing favor as an international reserve currency. Perhaps it would be better to peg the value to a commodity? Such as firewood? |
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THNDR's new Sudoku and Tetris inspired mobile game “Bitcoin Blocks” lets players earn bitcoin while solving puzzles.THNDR Games has released a new Bitcoin game called Bitcoin Blocks, which allows players to test their problem-solving skills against others to win Bitcoin. The game is similar to Tetris and Sudoku, and is available on the THNDR mobile gaming platform. THNDR has also announced the Gaming Graph, a reputation and badging system that will allow players to earn badges that are tied to their identity and can be transferred to other ecosystems. “The launch of Bitcoin Blocks marks an important milestone in the development of THNDR's mobile gaming platform,” the press release sent to Bitcoin Magazine states. The game is the first to showcase THNDR's social competitive layer and features, which include Leagues, THNDR's leveling system that pits community members against each other. Gaming Graph will serve as a badging and reputation system for players that is easily transferable to other environments and clients, including Nostr. Through Cameri’s NIP-58, as players advance through THNDR Leagues and achieve gaming milestones, badges will be issued to their Nostr pubkey and tied to their identity, allowing users to build a virtual reputation. These established reputations built in THNDR games may have merit or value in other communities. “We're thrilled to add Bitcoin Blocks to the THNDR platform and continue our mission of spreading Bitcoin adoption through play,” Desiree Dickerson, THNDR CEO, explained. “By combining two familiar classics - Tetris and Sudoku - we hope to reach new users traditionally underrepresented in gaming and financial access and introduce them to Bitcoin. Bitcoin Blocks marks a major milestone for THNDR, as it showcases the first of many social, competitive features on the platform." THNDR plans to continue rolling out competitive gaming and social features to the platform throughout the year. The company’s most recent title “Club Bitcoin: Solitaire,” has become the highest ranking bitcoin game of all time, reaching #21 in the U.S. App Store, according to THNDR. https://bitcoinmagazine.com/business/thndr-games-releases-new-game-to-earn-bitcoin .... Interesting: THNDR plans to continue rolling out competitive gaming and social features to the platform throughout the year. The company’s most recent title “Club Bitcoin: Solitaire,” has become the highest ranking bitcoin game of all time, reaching #21 in the U.S. App Store It is also interesting that they have opted for badges rather than a variant of NFT game assets. While I haven't seen or played the game crossing tetris with sudoku is an interesting concept. I wonder if this game could be well on its way to achieving future internet gold. |
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