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741  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: July 27, 2022, 02:32:27 PM
Most of the impact is self-inflicted via bad sanctions and interferences. If you were to veil those involved in the event and asked people to judge, they will likely side Russia because she was doing it to rescue her children and save herself. I'm not sure if people are aware that Russia allowed alot of Ukrainians into her territory just to make sure they are not harm in the course of the war special operation.
If others had judged right and supported Russia they wouldn't have been in the mess. I never knew Putin loves Europe & Ukraine this much otherwise there were opportunities to do the unthinkable which I think he is aware of but he ignored them. It seems he was just too careful trying to prevent negative impact of the special operation on people but people worked against it.

In regards to food price, unless you don't produce food yourself, you shouldn't have too much problem. I doubt most countries don't have local foods that can easily replace that which are imported from Russia or elsewhere. The food narrative doesn't make much sense to me
742  Economy / Economics / Re: Bitcoin and Keynesianism on: July 26, 2022, 04:35:45 PM
Keynesian economists argue that macroeconomic outcomes such as recessions or crises that arise due to fluctuations in demand can be mitigated by coordination of the state, if it controls the money supply. For example, if there's a pandemic and we're experiencing high levels of unemployment, the state can just create more money, regardless of the production rate, to blunt it. In the same way, they can intervene and, deliberately or not, abuse it.

Bitcoin's monetary policy reminds of the Austrian school that focuses on individualism that's, as they say, what causes all economic phenomena. It's the exact opposite of Keynesianism, because it's money whose supply and policy can't be altered by anyone effectively.

Is that probably the reason most economists attack it? And, if something happened, and it became the world's main currency, do you believe we'd have to face outcomes similar to the Great Depression of 1929? Please justify your opinion.

[ Relevant to: Is democracy an utopia nowadays? ]

Token or Colored Coin fixes this, while the main currency Bitcoin should remain untouched unless it's absolutely necessary to alter it which is probably one in a thousand chance,and could be done via Network Consensus that involves all citizens.
Anyone, including government should be able to create its own token for the unemployed, less privilege etc so we don't unfairly mess up the value of the main currency for those who don't deserve it just to please the unfortunate ones.  I believe Satoshi would never be against a coordinated use of Bitcoin Network to improve the economy of it's users as long as it doesn't violate Bitcoin principles of deflation which is one of the reason Bitcoin was created in the first place. Afterall, if Gold which Bitcoin is modeled after can't be "printed out of thin air" by government that uses it as currency why not Bitcoin. It's assume that hard money is created to reward hardwork or as reward for solution to problems, but if you create money for those who don't solve problems it could be considered "creating money out of thin air or out of nothing" ... which is typical of Fiat currencies, and that could cause inflation

By the way, I would make sure that the unemployed or less privilege who receive tokens still eventually justify the amount they received by contributing to society in one way or another. This will help maintain the token value.
743  Other / Off-topic / Here is what to do if you're beginning to turn into "zombie" on: July 26, 2022, 12:08:12 PM
If you feel like you are turning into "zombies"(demonic possession), simply stop feeding from the world(their words suck life out of you), and start feeding from Holy information/knowledge which gives you life. This information can be found in the Word of GOD (Holy Bible) or you could spend some time reading or feeding from my posts especially the religious ones. Read the posts in series, from Old to New (advisable 2020 to date) through my "Show the last topics started by this person" here: https://bitcointalk.org/index.php?action=profile;threads;u=946901;sa=showPosts. You will notice how gradually you transform into a human as long as you read and believe them...They are inspired by our CREATOR.

Few symptoms of zombie transformation:

*Memory loss
*Narrow-mindedness
*Confusion
*Anger
*Uncontrollable urge to suck life out of people with hurtful/evil words or deeds
*Hatred
Etc


Sign you are recovering:

*Sound mind
*You start remembering past life and people/things you've forgetten as if you are recovering from madness.
*Understanding
*You start becoming loving and wise
Etc


744  Bitcoin / Bitcoin Discussion / Re: Crypto in Church. on: July 25, 2022, 04:52:01 PM
Focus less on the reward/profit/money and more on it's principles & tech , which is expected to help the church be independent of evil system during the reign of global tyranny, persecution of the church, mass exodus from the system and possibly the enforcement of Revelation 13:17. This is why it's very important to always stick to True Cryptocurrency such as Bitcoin with its strong principles. If you choose the fake or benefits from them, you may be left behind. So becareful what you choose. Love of money is root of all evil
745  Economy / Economics / Re: Surprisingly, Elon's Tesla is not so keen on hodling BTC anymore on: July 25, 2022, 12:28:00 PM
If all the so called billionaires withdraw their values, Bitcoin will still remain strong. This should prove to everyone who currently controls Bitcoin.

Only honest money can have an impact because I can't fight the truth.
746  Other / Off-topic / Re: Do you ever thought of making yourself ugly to avoid attracting attention? on: July 25, 2022, 11:12:36 AM
Beauty and ugliness are two sides of the same coin. If you're beautiful you attract attention and if you're ugly it is the same situation. If you don't want to atract any attention you must dress typical for your age and profession and take care of yourself but not too much. Just not to stand out from the crowd

everyone has a different character. sometimes there are times when we don't want to, other people really look at us. but I think it's really hard to avoid that because, for example, if we are attractive, there will be more views towards us and if we are not attractive, there will be more views towards us.
  
so we should just enjoy it for what it is  it's because it's very difficult to avoid people's eyes on us.

Interesting. But I'm referring to the beauty side of attraction. Do we have beautiful/handsome people who want to look unattractive so that no one is too shy or lustful not to concentrate on what is being said or taught by them?


Do you ever thought of making yourself ugly to avoid attracting attention from people?


Typically many people try to look beautiful to attract attention or look attractive, but how about making yourself look less attractive to stop attracting attention to yourself? Are there people who think like this or people who dislike people staring at them because they are too attractive/beautiful for them. It's annoying sometimes to see people focus on your appearance while you speak to them... You notice they become too shy and sometimes with lustful look on their faces. This is kind distraction for me which tend to take away attention from important discussions you are having with them that you wish you had mask to make you look ugly or unattractive
To me it actually depends on individual not every loves attention and some loves people given them the whole attention just like babes want to get the whole attention to them self , people like introverts don’t like much attention  they just want to do there things and disappear some has for it as to do with individual characters.
Ofcourse. I wonder what introvert-like people could effectively use to solve the attention problem...Mask? Face covering, etc
747  Other / Off-topic / Do you ever thought of making yourself ugly to avoid attracting attention? on: July 22, 2022, 03:26:47 PM
Do you ever thought of making yourself ugly to avoid attracting attention from people?


Typically many people try to look beautiful to attract attention or look attractive, but how about making yourself look less attractive to stop attracting attention to yourself? Are there people who think like this or people who dislike people staring at them because they are too attractive/beautiful for them. It's annoying sometimes to see people focus on your appearance while you speak to them... You notice they become too shy and sometimes with lustful look on their faces. This is kind distraction for me which tend to take away attention from important discussions you are having with them that you wish you had mask to make you look ugly or unattractive
748  Bitcoin / Bitcoin Discussion / Re: Why does Bitcoin seem to have a high influence over other cryptocurrencies? on: July 22, 2022, 02:47:51 PM
One of the main reasons: Many humans & possibly bots are contributing energy to power them up. It's quite similar to why certain coin developers choose certain names that will be more commonly mentioned in the future by many people. For example "Hurricane Coin" because of possible increase in hurricane in the future due to increase in extreme weather conditions. As the names related to Bitcoin/crypto are mentioned, coins tethered/connected to Bitcoin with similar names are equally powered up.

You can easily move the price of Cryptocurrencies if you're intelligent enough to combine certain persuasive words with the  terms that link crypto together. I doubt anyone can do this presently as people have become too weak and dumb to succeed.
749  Bitcoin / Bitcoin Discussion / Re: FUD Has Finally Taken Its Toll on Me on: July 21, 2022, 04:02:40 PM
You will need to fully control the World to succeed in that regard . Fortunately they do not, and will not be able to in the future. One World government as they hoped for is nolonger possible. You will have independent countries with strong influence from US under Trump in the near future... This set up will be favorable to Bitcoin.
There is a reason we are on the side of Russia in the current war against One World Government.
750  Bitcoin / Bitcoin Discussion / Re: Bitcoin Saves my relatives both of Life, Time and money on: July 20, 2022, 02:44:18 PM
Just hope he doesn't gamble away the money considering you said he's a gambler. I have read numerous articles about people who never used money they won from lottery well. I tend to believe the huge prize should be split to multiple winners to increase the chances of having responsible people as winners or you could develop a method that only allows/encourage responsible bettors to win the whole prize.

In regards to Bitcoin saving his life, I think the proper terms should be his Life, Money and Time was saved with/via Bitcoin. This sounds more reasonable so Bitcoin is not seen as GOD & start to be worshipped by people. Nevertheless, I like the fact he was able to freely use Bitcoin to secure his fund for International transfer which is part of the purpose of Bitcoin
751  Other / Off-topic / To the "mask don't work" chanters on: July 20, 2022, 10:11:54 AM
The so called "mask don't work" is like saying bullet proof don't work because your enemy who comes into battle with enough bullet proof vests are still easily defeated by those without the vests. I want you to understand that the real protection & victory come from the CREATOR but if you do not agree, your protections could be taken away by HIM and you will be on thesame level with those who depend on the physical, their handwork & nature for protections. If you do not protect yourself on this level like they do, you will be consumed before them...that's when your survival and theirs will equally be dependent on the human efforts and handiwork... then you will probably realize what the CREATOR has been doing in regards to who is more or less protected and why.

Be thankful to the CREATOR for your protection and don't discouraged those with less faith who depend more on what can be seen. Those things like mask, offer some protection but not as potent as those who are more protected by our CREATOR. And be aware that those who are being protected without mask are protected for a reason. We all need to avoid things that weaken the shields that were made to protect us first. When your shield is weakened you will depend on mask and other physical protection. There may be people who could do what you do to others today by discouraging you from the physical protections and that could quicken your death. Let people who need the Protective Masks use them.
752  Bitcoin / Bitcoin Discussion / Re: Bitcoin as Crypto Standard ? on: July 19, 2022, 03:23:45 PM
Shouldn't all crypto be backed by bitcoin ?
How could a "Bitcoin Standard" emerge?  For example, if you could pay for food service etc everywhere with bitcoin, would that be enough to essentially drive bitcoin as a backing standard ?

Technically they are backed by Bitcoin but in parasitic manner except for very few that may be able to stand on their own. If the host dies the parasites cease to exist.
753  Economy / Trading Discussion / Re: AI prediction/forecasting for Bitcoin and crypto trends on: July 19, 2022, 02:20:45 PM
I will be shocked if the most sophisticated AI in the world can give you up to 20% accuracy. The only way it could succeed is if it's stealing from the one who controls the market.
754  Economy / Economics / Re: Avoid loan apps, a word of advice. on: July 19, 2022, 09:56:32 AM
They are becoming rampant these days with their numerous ads that could very tempting to the weak. The worst part is the encouragement of borrowing culture especially in places that are not used to that, plus reckless borrowing. I'm never interested in borrowing money from strangers & I hardly borrow even from my relatives but somehow they believe I need loan & constantly recommending it to me via ads or on playstore.

They somehow managed to persuade someone close to me to borrow with dubious advice (acccording to him/borrower) on ways  he could repay them the loan. According to the borrower, he was told to borrow from other lending apps for repayments.. plus other ways he was deceived and wronged by the lenders. I ended up discouraging him from repaying them & the national crime fighters also went after them during the period. They do not disturb him for repayments anymore, there will be consequences if they do.


755  Other / Off-topic / Re: Why I love posting on this section on: July 19, 2022, 09:26:21 AM
In off topic you’re obviously free to post about anything. There’s a freedom in this part of the forum that doesn’t exist in other sections. As long as your post is constructive & not a dumb three word response it won’t get deleted or successfully reported by somebody.

This is a place to be yourself & talk about anything. So knock yourself out & just be yourself. Don’t hold anything back.

There are consequences for certain bad topics even if they don't get deleted by mods... topics with intention to provoke people to do evil. The posters should hope they are not seen by the one with the power to punish
756  Economy / Economics / Re: The interest in Bitcoin in Turkey on: July 18, 2022, 10:35:05 AM
Ofcourse, when inflation is hitting hard there should be deliberate policy to encourage the production of scarce goods and services that are causing the inflation, which should help drive the inflation down... Decreasing interest rate for producers of scarce goods/services esp rather than for consumers is one of the most important ways to encourage production and drive down inflation. In this case, people from countries that earn Bitcoin either by selling goods or services, or from its price appreciation would also help drive inflation down as long as they use their earnings more for production. I actually prefer a mutual or symbiotic relationship between Bitcoin and world's economies, hence the need to make sure things are not too difficult for producers in Bitcoin world... Bitcoin also benefits when producers are doing well. It's important to start building a safe system that grooms independent producers & help them to thrive on some sort of decentralized Bitcoin economy to benefit their economies and Bitcoin
757  Other / Off-topic / Re: Study suggests Earth could have as many as 73,000 tree species... on: July 18, 2022, 09:35:18 AM
There are lots of things that are hidden from those who are perishing...For example undiscovered lands or places. I won't be surprised if it's the same with discovering more tree/plant species. It's hard to get the full picture in darkness, or things are more hidden in the absence of light.
Another issue we may encounter once the truth of this is revealed to the world is that they will try to hide it from themselves in order to monopolize the knowledge and benefit from it selfishly. They will wonder "if everyone has access to this great plant species for bio-chemicals to treat/cure their diseases and for good health, we won't make money from selling the products from the plants to them and our economy could crumble.    According to the scripture, the wisdom of the World is foolishness with GOD.
758  Other / Off-topic / Re: A child in the womb is as alive as a sleeping adult human on: July 16, 2022, 04:51:05 PM
So an innocent girl that is raped has to be forced to keep the child ?

Girls gets more traumatized and child is a product of a crime that starts with very limited chances in life…

Sounds brilliant  Huh

I addressed that already here: https://bitcointalk.org/index.php?topic=5404784.msg60485601#msg60485601


If you consider the child a product of crime then any child who is concieved in sin (which is crime to our CREATOR) is guilty & does not deserve to live. To be honest, most humans are guilty of unholy conception and do not deserve to live but our CREATOR still values us so much to keep us alive.

The one who killed a child concieved in sin and the rapist actually did evil. There should be other ways around that. Problems should be solved without creating more problems otherwise nothing is solved. Killing the child is a big problem that actually can traumatize anyone with conscience.
759  Bitcoin / Bitcoin Discussion / Re: Bitcoin limit supply on: July 15, 2022, 04:48:17 PM
It will ofcourse go up as it becomes scarce due to high demand which is expected to be based on its usefulness. And it will only become more divisible if it becomes too scarce to reach more people... which will probably mean having more units that are lesser than sat like you possibly have units that are lesser than cent or penny. Bitcoin really may not reach the supply limit assuming the limit remains unchanged, or Bitcoin does nolonger exists or is nolonger in use
760  Bitcoin / Bitcoin Discussion / Re: How Satoshi Nakamoto Fooled the World on: July 15, 2022, 03:32:18 PM
Satoshi Nakamoto is the identity used by the unknown person, people or organization that authored the so called Bitcoin Whitepaper. In that paper, they claimed to have invented an electronic money, and a system based on cryptographic proof, that uses that money. Basically, they claimed to have invented a superior payment system with its own money. However, that was not true. They invented neither money nor payment system. Instead, they invented an advanced way of recording participants in a Ponzi scheme. Namely, all Ponzi schemes, from the one invented by Charles Ponzi to the one invented by Bernie Madoff, recorded the participants in some way. People invested funds in the schemes, and the organizers provided them with some evidences that they invested, that is, that they became the participants in their schemes. Satosy Nakamoto simply invented an online way of doing this, where the investors receive digital tokens of participation. The record about the amount of tokens is attributed to the online addresses of the participants and stored in a distributed database called blockchain. The tokens themselves are called bitcoins. Nakamoto set the maximum number of bitcoins to 21 million. However, each bitcoin can be divided into 100 million units. The units are called satoshis. Of course, that’s just semantics, and in reality, Nakamoto’s invention has 2.1 quadrillion tokens. Now the obvious question that comes to mind is, why are these tokens actually tokens of ponzi participation? Well, for a simple reason. Anyone who holds them, owns nothing. Participants in all Ponzi schemes hold some kind of record of participation, but they own no resource that they could utilize. Which is why thay must wait for new investors to enter the Ponzi schemes and transfer the ownership of resources to them. The same is true in this case. By holding bitcoins or satoshis, people hold record of participation in Nakamoto’s scheme. However they own no resources they could utilize. For that reson, the holders are forced to wait for new investors to join in, and in that way transfer the ownership of resources to them. Hence, bitcoins and satoshis are simply the tokens of ponzi participation.

The thing that we have just described, obviously has absolutely nothing to do with money or payment systems. That’s because money is a resource, while payment systems are a set of methods, procedures, rules and technology for transferring resources. Generally, resources are anything that provides utility to people. For example, products, labor, or services, provide utility by satisfying human needs. Land provides utility because it supports all human activities. Shares in the companies provide utility because they grant access to profits or equity of the companies. Debt provides utility at payment because what is payable by one is receivable by another. And so on. Then, by comparing the degrees of utility of the two resources, the parties know how much of one resource can they give in the exchange for another, or vice versa. The agreement about the exchange is called a transaction. The realization of a transaction is called a payment. By holding bitcoins or satoshis, people have no ownership of resources. They have nothing to utilize. They have nothing to compare the degree of utility. All they have are the records about the amount of Nakamoto’s tokens. So, what’s going on in Nakamoto’s invention are neither transactions nor payments. But, an advanced way of recording participants in a Ponzi scheme.

Despite being a Ponzi scheme, many people fell for Nakamoto’s invention and believe it is a payment system. This misconception is mainly because the Bitcoin system uses numbers to record the amount of ponzi tokens. Which is exactly what actual payment system use to record the amount of resources they are transferring. For example. In fiat currency-based payment systems, these currencies are nothing but records in the form of numbers written on banknotes or bank accounts. The logic then goes: “if systems that use numbers are payment systems, then the Bitcoin system is s payment system as well.” But, of course, that logic is flawed. Fiat currency-based systems use numbers to represent the amount of resource in the form of debt. And it is that debt what provides utility to fiat currency holders. Namely, when banks grant loans to borrowers, and in that way create debt, they use fiat currencies to represent the amount of that debt. Once debt is created, market participants invest in it by trading their resources with borrowers for fiat currencies. In that way the participants become fiat currency holders and debt owners. The nature of debt is that it needs to be paid. That is, the borrowers must return resources back to fiat currency holders. That’s why the banks use the mortgages and other liens to force them to repay their loans. And in order to repay their loans, the borrowers must work for fiat currency holders or sell them products and services. In that way, the borrowers return the resources back to the people that invested in debt. Basically, they pay debt to these people. Then, the borrowers take the received fiat currency units to the banks as evidence that debt to investors in debt has been paid. The banks then liquidate the part of their loans. The process repeats until the loans are paid off. So that how debt provides utility to fiat currency holders. And that’s why it is called a resource. Or an asset. Fiat currencies are simply records of assets ownership. On the other hand, bitcoins and satoshis are records of ponzi participation. Or in short, ponzi tokens. That’s why those who hold them must wait for new investors to enter the scheme and trade their ownership of resources for these ponzi tokens.

Satoshi Nakamoto fooled the world through language manipulation in the Bitcoin Whitepaper. For example, by referring to their tokens as “money”, “coins” or “electronic cash”. Or by referring to their scheme as a “payment system”. Money and coins are simply types of resources (debt or metal). Electronic cash is representation of an already existing money (PayPal, Skrill, Neteller). While payment systems are systems that transfer resources. Nakamoto’s language manipulation, together with the misconception that system that use numbers are payment systems, created the deception so big that it caused two mind-boggling things to happen. First, it pumped up the price of a single ponzi token from zero, to a high of $70,000, with the current price around $20,000. Second, it made the most bizarre industry ever to pop up – the crypto industry. This industry makes huge profits from the most nonsensical human activity ever – buying and selling ponzi tokens.

To conclude. Satoshi Nakamoto invented neither money nor payment system. They simply invented an advanced way of recording the participants in a Ponzi scheme. The problem in Nakamoto scheme is the same as in all Ponzi schemes. The earlier participants can return their investment of resources only from resources brought by more recent participants. Consequently, if people stop participating (here buying ponzi tokens), then there are no resources anymore. And those that are left holding the tokens, are literally left with nothing.

Source: https://.com/




You clearly do not understand what Bitcoin or money is
I wonder if you will call a fiat currency like dollar or ruble ponzi if it could benefit those who own substantial amount of the currency when it appreciate in value. If you have $10,000 in your savings account to buy a particular brand of car from another country that is worth $10,000 in its national currency , then the dollar appreciate in value by %10 while the value of the car remain thesame in its national currency, you will end up with extra $1000 after buying the car from another country due to the appreciation of dollar... That doesn't make dollar a Ponzi scheme... It only appreciated in value due demand and supply, and those who have dollar benefit from this especially when trading with countries with devalued currencies.  Same as using gold as currency(which was the case in olden days) ... Back then if there was alot of demand for gold it would appreciate in value and those with gold will have extra gold to buy more stuff. That doesn't make gold a Ponzi. Besides, ponzi scheme is said to be unsustainable but Bitcoin has remained sustainable to this day and it's model after gold in this manner.

By the way, Bitcoin is more than a currency, it is simply a Global Network/System for exchanging digital values in a very secure, unique & revolutionary way... That values include currency, messages, information, etc. It's a work in progress that can enable the exchange of any kind of digital values you can think. If will still be very useful if you eliminate the currency part of it. So it's not a Ponzi like you you imagine d
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