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This whole thing where bitcoin price is following the stock market tells us one thing.
We need to shift the focus of Bitcoin from market and price to utility and actually using it as a currency. Every ETF, every BitPay obstacle they create for paying with bitcoin (while encouraging you to use shitcoins instead), every regulation that makes people prove their entire history of life before they can spend their bitcoins, every ATM shut down by stupid crypto agencies takes us away from that.
Bitcoin should be what people are running to right now. They should be dumping their useless government backed stocks, commodities, fiat, etc. and begging for Bitcoin to save them from the government tyranny that is about to wipe out their worth.
People should be going on OpenBazaar right now ordering 100 rolls of black market toilet paper and hand sanitizer with confidence that the seller has a 100% rating for his righteous bud. Using Bitcoin. Shops should be confident that their solar powered Bitcoin payment app will connect to the lightning funded mesh network with no interference. Preppers should know that if they need to bitcoin fund an uber ride to a private bitcoin funded jet can take them to their bitcoin funded VRBO some place far away from the hysteria.
You should be able to fund your p2p electric and water with lightning contracts and easily receive your bitcoin funded drone deliveries to your bitcoin funded seastead timeshare that's recorded on the blockchain.
This is where Bitcoin users need to focus instead of cheering on new ETFs and links to the ancient stock market.
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https://twitter.com/realDonaldTrump/status/1236778368533700609Trump dropped a big cryptic hint about an unstoppable surprise coming. This was tweeted right after the dow futures opened and tanked. Most likely he is on the phone with the Plunge Protection Team and the Fed and there is some massive money printing on the way. Anyone who thinks Trump isnt going to attack these market sell offs with everything at his disposal is underestimating his ego and desire to be elected again. 62 days to the Halvening and all fundamentals are well and bullish.  Trump may still have the trader mentality and he sees this huge dip as a buying opportunity. He also believes there needs to be money pumped into the economy to get things on track... So...print money and buy cheap stock...he likely believes the virus is all hype so he believes the markets will bounce back (especially after pouring a bunch of printed money into the economy). Result...billions in gains for the US government. Game over for Democrats. In his mind at least. Reality...he is trying to fight a bubble that popped. |
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One thing to think about with the numbers of infected/recovered vs deaths..
I spent about 7 years doing modeling and simulations of military radio networks. We would have fake traffic passing through the network and at the end check to see the throughput.
We did a few simulations that had a short time period because it was simulating a full division battle. The results were very poor. A huge percentage of messages did not finish sending. The government would not accept such poor numbers so we were scrambling trying to figure out such low performance.
As I started combing through the failed messages I started seeing a pattern. Nothing was really blocking them, it was just that the simulation was cut off soon after they were sent (Like sending a message at 9:59 and the simulation ends at 10:00.
So I stopped all transmissions at the previous end of simulation and continued until about double the time. The throughput shot up to close to 99% (the government was satisfied with our numbers and funding continued).
There may be 1000 people infected, but the recovery takes 2-4 weeks for most people (from the time they start to show symptoms). This means that it will take about 4 weeks for those 1000 people to register as "recovered", in the mean time many more people are infected. The numbers are always shifting. Both the deaths and the number of recoveries. You need to look at the infected numbers of weeks ago and compare those to the current death and recovery numbers to get the accuracy.
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Pity I missed all the TP/bidet/towel/ass-shit talk, I have a feeling that I would have thrived.
Can we elaborate on disposable baby wipes, now that oil is down please?
I've been using them for years.
Seriously, TP sucks.
Wipe off your ass perfectly clean (so you think) with TP, and then use a baby wipe.
You're welcome.
Basically it beats the shower and the hassle.
Especially if your ass is hairy.
Anyway, back to COV.
Thailand may be bass ackwards but at least they have the toilet thing figured out.  |
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At 2% mortality and 70% infection you get less than 100 Million deaths worldwide.
At your 4% (which is nowhere close to the <1% that I've seen for people that aren't already half-dead anyways) and 100% infection rate we'd still get 300 million at worst.
And that's assuming that neither vaccines nor cures will be developed and distributed. In reality we'll see deaths far below 100 million spread over several years, which is pretty much normal business.
About 50 million people die on average per year worldwide. It is safe to assume that Corona virus will just hasten that date for many people who would have died anyway due to their body aging or growing weaker. The rest, car accidents, etc. will continue to happen as well. |
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So we are officially over 100k now. Which means the real number is likely a million. And each infected infects another 6 people on average, so we are looking at an additional 6 million who will get sick in the near future. And airports are still open.
No way around it. Everyone will get infected by years end. 2020 is turning out to be a VERY interesting year in a lot of ways.
Looking forward to this being a statement about bitcoin price. |
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The long awaited collapse looks inevitable. The FED will pull out their last tools in the box but after that they'll need to use their guns.
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If Bloomberg bought bitcoin instead of spending money on his campaign he could have given everyone in the world 21 million bitcoins. but the math is wrong.. 500 millions / 327 millions is circa 1,5 USD / each .. c'mon! :-) This is a post-math society. Everyone gets big money. Because the feels. |
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Corona update from the road. Taking a short detour to kuala lumpur before heading back to thailand for another month. On the day I left a car with speakers was driving slowly through the streets informing people about Corona-chan in both english and thai. During the flight one of the staff was spraying something in the whole cabin. Dunno what it was, could be unrelated but I have not seen that before. And finally in the KL airport anyone arriving from thailand had to fill out a short form stating whether you had been in china or south korea within the last 14 days.
On a small side note, I could not buy a plane ticket on cheapair with plastic because the card is not in my name (don't have a bank account). I could, however, pay with bitcoin. Ten second process and instantly confirmed. Bitcoin is the future, especially as governments and anyone involved in moving money around get more and more draconian.
My wife's mother (in Thailand) is sick. She has no idea if it's Corona. We just read that in Thailand they are giving everyone 2000 Baht (about $80) to try to get people out shopping and get the economy going. Maybe the Thai Navy will see the virus as a threat to national sovereignty and threaten it with death. |
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Speaking of the Internet and how shitty it's become with FBIbook, Twitter, Youtube, etc. I started playing around with LBRY which is on the way to replacing Youtube. https://lbry.tvThey are getting closer and closer to being as user friendly as Youtube but it is completely decentralized. They use a blockchain backend to track bittorrent files. The more people that use the desktop version, the faster the download speed. LBRY makes money when you upload your files or videos. I uploaded one for .1 LBRY which is about a tenth of a cent. You get LBRY from watching videos and such. Not a whole lot. You can pay for premium videos with your LBRY credits. I've tried to move over to blockchain based social media. I tried MINDS for a while as a replacement for Facebook but getting friends and family over to a new platform will be a long process. Pairing blockchain and bittorrent has a lot of potential. I look forward to playing around with those features. |
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If Bloomberg bought bitcoin instead of spending money on his campaign he could have given everyone in the world 21 million bitcoins. |
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Hate to break it to you but Jeff (Big Lebowski) Bridges was born in 1949, totally Boomer. Perhaps you should replace him with a picture of Kim Kardashian, born in 1980, totally Generation X. Gen X knows Jeff Bridges as the star man. |
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If you're not on the verge of death, there's no need to go to a hospital.
Fix a broken bone or whatever...
Most of the time going to the hospital is worse for you than staying home and taking care of yourself.
wait till youre a boomer with a 15 page med list, 14 specialist MDs, a list of conditions and operations, some so cutting edge that they have been published. without regular labs and MD visits.. well thats life support for some of us. @Ibian, youre welcome. well no, thats a lie. Nah, my family tends to treat everything naturally. Most family members die around 100. Medical doctors are for when you're ready to die. Or you're in an accident. I've never had an aspirin in my life. Hospitals are not as sterile as they would have you believe. Go there if you want to catch Coronavirus. Glad to see you're back and posting here, it didn't seem too long ago you were on the run and using a bad cable on the trezor. My anxiety about missing something with the wife and kids keeps us going for check ups, i can't imagine how id feel if we missed something and it evolved into something devastating regarding the wife or kids. We made it out. I took some video while on the run. https://www.youtube.com/watch?v=OovkeOuZsqU |
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If you're not on the verge of death, there's no need to go to a hospital.
Fix a broken bone or whatever...
Most of the time going to the hospital is worse for you than staying home and taking care of yourself.
wait till youre a boomer with a 15 page med list, 14 specialist MDs, a list of conditions and operations, some so cutting edge that they have been published. without regular labs and MD visits.. well thats life support for some of us. @Ibian, youre welcome. well no, thats a lie. Nah, my family tends to treat everything naturally. Most family members die around 100. Medical doctors are for when you're ready to die. Or you're in an accident. I've never had an aspirin in my life. Hospitals are not as sterile as they would have you believe. Go there if you want to catch Coronavirus. |
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If you're not on the verge of death, there's no need to go to a hospital.
Fix a broken bone or whatever...
Most of the time going to the hospital is worse for you than staying home and taking care of yourself.
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having been involved in seasteading for a dozen years now I know that it is mainly people just talking on the Internet and nobody actually doing anything. im glad you finally see my point by your own admissions. that even after a dozen years. all you managed to achieve was to be a guest on a space research pod that was not an actual 'seasteading/bluewater/oceanbuilder' project (remember you yourself denounced association with its funding/designing/involvement) so im glad your finally realising your lack of results even after all them investment campaigns and world wide conference tours I never claimed that I built/designed/funded the first seastead. I'll wait while you provide proof to the contrary. There is a world outside of Bitcointalk. I seem to be the only seasteader on this forum but there are a lot of people involved in the different projects going on. And our project is certainly not the only one. Somehow you believe I am the only person controlling all projects and speak for all seasteaders. Big praise but I am not worthy of such a high regard. I wonder how much you hounded the first guy to test drive a Tesla, telling him he hadn't thought about driving distance or where to charge his battery. |
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So, in practical terms, if this virus turns out to be fairly bad and continue at its current pace or worse...what do you think the practical implications will be?
More elderly people die earlier...so perhaps this gives a slight boost to the future economy as the costs of society caring for them goes down.
If China truly is severely affected at the factory level, we all may be stuck with our current computers/appliances/etc. and need to make sure we take care of our stuff since it may be difficult to get things for a while.
Our company is looking to other countries for our supplies...India or Vietnam. Any ideas on the best source for steel and fiberglass?
Paper fiat may face its death.
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