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821  Economy / Economics / Re: Are short-term rentals to blame for the lack of housing? on: August 04, 2023, 09:11:15 PM
I've been inactive for quite a while because I'm in the process of renting a house. I don't know how easy it is in other countries, but here, it's an extremely time-consuming and nerve-racking process. I spent more than a week in the streets without any success.

That's nothing compared to buying a used car. I've spent 6 months before I bought one.
When I was looking for an apartment It took me a week and the first one I chose was the one I ended up staying in for another 5 years. Maybe I got lucky.

Quote
My previous apartment was in the basement and suffered from serious humidity and mold issues.

Maybe your problem lies elsewhere... It seems like you simply don't have enough money to live in normal conditions for the area you chose to live in. Let's say you're from Romania and decide to move to Luxembourg. A minimum wage job there, although being much above the Romanian average, will not buy you an apartment. You'll have to rent a room.
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but when the average salary is approximately €700,

Pretty low for a EU country. Most countries here are above 1500 EUR a month. Maybe you mean minimum wage, because that can be 700 net, but I don't know any European country abut for maybe Ukraine and Belarus where average wages are that low, but you said that it's tourist-oriented, so obviously we're not talking about these countries.


Although I understand your point, buying a used car and renting out a place are two completely different things. Both, however, are time-consuming and nerve-racking processes because, in both cases, you'll find an abundance of lemons. Theoretically, my partner and I have been on the lookout for a new rental house for over 6 months; we haven't been actively looking till now, but it's fair to say that nothing worthy has come up yet. The previous house we rented was in another city, which faced an even larger issue with housing: there weren't any available; your only chance was through word-of-mouth, no advertisements or anything. Thus, you're pretty much stuck with what you find. Where we currently live, there are a few houses available, but most of them are either too small or too expensive for what they offer.

Greece's minimum wage is €670 for all-year-round occupations, and the majority of businesses offer the lowest you can get. The average you'd receive is about €750–€800 because the minimum wage is for 40 hours of work per week and most jobs occupy you for at least 48 hours, which is practically 8 hours of overtime work. You can receive a greater salary if you work in the tourism sector, averaging €1000–€1200 per month for approximately 6–7 months at most. Then, you'll receive 3 months of unemployment benefits (€468 per month) until you return to work.

I'm already living with my partner, so we're splitting rent and utilities; however, that doesn't change the fact that €400 for a small apartment is too much when the minimum wage is so little.
822  Economy / Economics / Re: Are short-term rentals to blame for the lack of housing? on: August 04, 2023, 05:49:34 PM
In your specific case, there is no doubt that this is true, as well as in any tourist country, where real estate owners in tourist locations make more money by renting out their properties than by renting them out to the local population. Given that I live in a similar country, I know how things work and unfortunately you cannot force anyone to rent or sell their property to anyone, and that would actually be wrong in principle.

Everyone has their own preferences when it comes to the environment they live in, but I would personally look for a quieter location outside the big cities where the prices are the highest. Of course, this raises the issue of distance from the workplace if it is located in the city, but sometimes you cannot have cheap and ideal accommodation near the workplace.

When it comes to tourism and climate change, I have read predictions that summer temperatures will be higher and that this will affect everyone involved in tourism, especially in the Mediterranean, where this summer broke all temperature records with extremely strong storms. The question is whether you can wait for it and whether you should even hope for it, because tourism is very important for your country.
Certainly, I'm not fond of large cities, and I'd honestly prefer to live in a more suburban province that would be less touristy and crowded. The issue with that, however, is that I live on an island, a large one in particular, and all of it is practically touristy. Thus, I can't simply move to another area; even the nearby villages have little to no housing left because people found them to be an affordable solution already.

I'm guessing that you can probably relate too, since Croatia has seen a massive increase in tourism in the past few years, and locals, especially in touristy cities like Dubrovnik or Split, are possibly suffering from the same issues.

For country-level solutions, it's simple, build more! More housing than demand lowers the price making it more affordable.
Do nothing solution and wait, another thing that will work since the law of economics will start biting also, there is an influx of cash to the homeowners, there are people who spend more, thus prices in that region become higher, once the price becomes higher it becomes less attractive for most digital nomads who do this for cheap housing and start moving to the next city.

On a personal level, nothing that you can really do without compromises.
Earn more spend less or move away!
It sounds simple enough, even though that doesn't directly solve the housing crisis, as newly constructed blocks of flats are usually sold for personal occupation and are subject to extremely high prices. There's a block of flats being constructed here as we speak, and all the apartments have already been sold at extraordinary prices for the average citizen. So yes, the solution is pretty much to spend more or to move away.
If that were to happen to me, I'd probably stay in an average apartment for a while, hoping to get something better. The government will not remain silent seeing its citizens like this. But we also can't expect the government to immediately work on building housing for its citizens who need it. It may take 5-10 years before the government will make the housing but it also depends on your country's economy.

If the government only cares about tourism rather than its people, sooner or later, the government will get demonstrations from local residents asking for decent housing for them. And when that happens, the tourism sector will be hampered and things will take a turn for the worse. If the government is observant, they will try to open up new land for housing so that everyone can move to a new location and slowly, this housing problem can be overcome.

The situation in every country is different and I don't really understand what the rules are in your country. But I'm sure you can solve the problem well. You can rent a small house that is enough to accommodate your family. And later, if there is a better place and you have the funds to rent or even buy it, you can buy it.
The issue with my current house is that it's way too small to accommodate two people living in it, and larger ones are either way too old with issues or way too expensive; it's like there's no middle ground. The government has proven multiple times that it doesn't care about its citizens at all. I'd explain in more detail, but we'll derail from the discussion, and this matter would only require another thread by itself.
823  Economy / Economics / Re: Are short-term rentals to blame for the lack of housing? on: August 04, 2023, 12:54:28 PM
I will like to reply to two points here, the first one is your point that Airbnb could not be regulated again, while the second is the summary of the whole thing if short-term rentals are to be blamed.

Well, Airbnb and other similar businesses can be well-regulated, but some governments might not be willing at that time, and it's often late before the government intervene.

Also note that this is business and also good for tourism, though it's causing housing issues because property owners might want to maximize their profits, which is normal. It's simple, it's a matter of more demands than availability, this is where the government should take action by encouraging investors in that sector, and by providing access to more facilities that will not only encourage the government to provide housing units but also encourage mortgages and real estate buoyancy in the country.


I believe that it's too late to intervene, thus, they simply let it be. It certainly is good for tourism but we can't let locals aside, tourism is a great industry I don't believe the opposite, but it has gone out of hand that's interfering the locals negatively.
There is a housing crisis in all major cities around the world, and it can be said that prices cannot be controlled, which are subject to the principle of supply and demand. Less offers and more demand. On this basis, not everyone is able to find adequate housing in these cities. Here are some ideas that might be helpful:
- The suburbs of these cities may be less expensive to rent in agreement with a housing partner. This would be a good option with a car or public transportation available.
- Governments usually provide social housing at prices commensurate with the financial capabilities of the middle class. You may seek to obtain one of them.
- If it is possible to change work to less crowded cities, the chances of finding suitable housing are much better.
Usually living in the suburbs worked, at least in the past, now, even the suburbs have developed so much that it's almost no different than living in the city. This surely depends on where you live, this might be an individual case in my area. The condition to receiving government assistance is usually against you too, there are some requirements that it's hard to qualify, but that's a lengthy discussion for a different matter. Moving to a non touristic city may be a better solution, but like all options, it has major disadvantages too
Regards to your stress in trying to look for a house for rent, you can't do it alone. You need agents or Airbnb depeion what you are looking for.

Housing is such an expensive aspect of life in this time around and you know many investors have gone into such business and that is why you see the short term rentals making much money, it is about the business and profit for them. Across the globe, short term rentals make more money than the long term accommodation and in some area what you see is just the short term rentals. This is where the government has to come in. They need to build more houses. In the past in Nigeria, it was the practice that different state government built houses for the civil servants and others housing estates that where put on rent, mortgage or lease. Some houses were built by government for outright sales but I think this time around, the government isn't focusing on proper housing regulation because then there was Federal Housing Authority (FHA), I don't know how active that authority is now.
Real estate agents here suck big time, they are the absolute worst. The majority of them don't do anything more than create a listing on the internet and forget about it. You have to chase them in order to assist you and show you the properties, when it should be the exact opposite. Agents should listen to your needs and assist you to find the optimal property to rent. It used to be that way, but the recent demand in housing lead to a massive increase of so-called agents that lack the skills and the professionalism to be of any help.
824  Economy / Economics / Are short-term rentals to blame for the lack of housing? on: August 04, 2023, 10:05:27 AM
I've been inactive for quite a while because I'm in the process of renting a house. I don't know how easy it is in other countries, but here, it's an extremely time-consuming and nerve-racking process. I spent more than a week in the streets without any success.

I know for a fact that many tourist-oriented cities across Europe are facing similar issues due to the increasing supply of Airbnbs and the increase in digital nomads over the years. This is rendering the situation uninhabitable for local residents, who have to face the constantly increasing rents because homeowners prefer to rent to tourists and digital nomads, who have a much higher spending capability. On the one hand, from homeowners' points of view, it's understandable; they want to make the most out of their property, but on the other hand, locals will ultimately be forced to leave the city or live in poor conditions.

For instance, a typical example of how much remote working has spread in Europe and Greece specifically is the following: The official digital nomads Facebook group used to have less than 5,000 users approximately a year ago; now it has over 34,000, which doesn't necessarily mean that all these people live in Greece and work remotely, but I'm trying to emphasize how broader the issue is for locals because there's an increasing interest in short-term rentals. I remember a few years ago, the local newspaper was filled with housing listings, but after the introduction of Airbnb and short-term rentals, this has changed. Not only is there a lack of housing due to the increasing demand and the constantly decreasing supply, but those that are available are too expensive and, in some cases, unsuitable to live in due to how small and improvised they are. My previous apartment was in the basement and suffered from serious humidity and mold issues.

The average rent for a one-bedroom apartment in my area is about €400, which is still far from being perfect or ideal, often lacking basic utilities such as proper heating or a solar water heater, which is a must for the 300 days a year of sunshine we have. I know that compared to other European cities, this amount of money sounds insignificant, but when the average salary is approximately €700, you can wish yourself good luck living alone. No wonder almost half of the population aged between 18 and 25 still lives with their parents.

In my opinion, it's doubtful that this situation is going to improve anytime soon. Touristic cities are bound to suffer from a lack of available housing for long-term rental, and Airbnb can no longer be regulated in order to create a balance between locals and tourists. What do you think can be done in such cases, and what would you do on a personal level? Move out, stick to paying an extreme amount for housing, or live in a substandard apartment hoping to find something better in the future?
825  Economy / Economics / Re: Reason why you will never become rich on: August 03, 2023, 08:58:30 PM
How much ownership is worth someone who is considered rich?
In my own area, the criteria for (so to speak) rich people are in the lowest strata:
  • People have no debts.
  • Able to maintain his family life.

The thing is wealth is a relative thinking, I personally will take this simply. If I can enjoy what I produce as I desire, that is true wealth. Today many people are rich materially but they are actually attached.
Correct; the concept of wealth is perceived differently by each individual. Who said that I wanted to be rich myself? I don't understand why the OP is indirectly implying that everyone's goal here is to obtain wealth and become rich. There is numerous evidence through statistical analysis that shows that there's a balance between happiness and how much money you earn; for the U.S., it was approximately $70,000 if I remember correctly.

Personally, I'd be satisfied if I made enough money to be independent and live comfortably, and by comfortably, I mean being able to not worry about making ends meet and saving enough to fulfill my wishes.
826  Other / Beginners & Help / Re: Scammers are getting innovative. on: August 03, 2023, 05:02:50 PM

i was still connected with that guy in voice call and he was constantly pushing me to do the work fast.


This is a line for all those who want to avoid being scammed should look at. A scammer will always give you something to suspect them with. They will urge you to go fast in whatever they want to play you on because they know a smart person may discover or sniff something when they go slow. So be watchful when dealing with some guy online and he is asking you to jump right in fast and start riding with them. I think they are either going away from asking for money first but to offer it and then want to work their way through getting you to it.
This constant rushing is quite common among scammers, which should have been a warning sign, but honestly, the nature of this particular scam isn't alarming you. Scammers are constantly flooding discord groups, posing as channel moderators or project developers. Setting up this whole story to gain access to the OP's account isn't the first thing that comes to mind. I honestly wouldn't have suspected it, and probably the majority of us here wouldn't either. I don't see a valid reason to attempt such a scam, apart from being a little more persuasive, since he'd be posing as someone who's already known in the community.
827  Bitcoin / Bitcoin Discussion / Re: Coinbase CEO Says SEC Told It To Delist Everything But Bitcoin: Report on: August 02, 2023, 07:43:11 PM

I don't know how much of the coinbase profit comes from altcoins but it must be huge as well as they refuse to do it.  They are going to go bankrupt in no time if they do. And then there are users staking in Coinbase as well.

Bitcoin is the only supported coin by the SEC while in the beginning, they prosecute BTC. Since the IRS is about to tax the staking of altcoins, they are demanding users report to IRS their stakes when this happens I guess they will also start liking shitcoins.
Not all altcoins are shitcoins, though. We can't make such a bold statement when there are so many altcoins that have proven their worth and have a purpose in the cryptocurrency world. I don't disagree that there's an abundance of them that have absolutely no reason to exist, with hundreds popping up every single day, but we can't put them all in one basket. On top of that, if we suppose that all coins except Bitcoin are banned from exchanges, that would cause mayhem in the market and would definitely affect Bitcoin tremendously too. That would also eradicate any competition between different cryptocurrencies, turning investors away from them.
828  Economy / Reputation / Re: 10 Years on: July 28, 2023, 07:18:47 PM
It's never easy to survive a decade in an online forum unless you get something worthwhile out of it - I mean not only from the forum, but also from bitcoin [investing and trading]. I don't expect you to be the only staff member to want to celebrate - but you all deserve to celebrate such a milestone in the community.

EFS - congratulations to you, you deserve the high respect of the members of this community, including myself.
As someone who has given up on the forum twice for long periods of time, even though I had a lot to gain, I couldn't agree more.

Congratulations! I'm guessing that this decade has been quite fruitful, and I'm hoping that you squeezed every opportunity that was presented along your path. I'm also not far from closing one full decade; I signed up on December 7, 2014, even though I was browsing the forum without an account way before my signup date. It's crazy and awfully scary to think about how fast time progresses. We'll soon be 50 years old before we realize it.
829  Economy / Trading Discussion / Re: Is there a best way of withdrawing profits from exchanges? on: July 28, 2023, 06:22:48 PM
Exchanges in general charge minor fees when it comes to depositing or withdrawing coins, and there are also ways to avoid or limit them if they apply. Usually, you can convert to some other coin that has a lesser fee, such as Stellar, Litecoin, or even stablecoins, and withdraw through them; however, I'm understanding that you most likely mean how to withdraw after converting your coins to fiat, in which case, your options are pretty limited to bank withdrawals, something that I wouldn't recommend doing because, depending on the amount, you may be susceptible to taxation.

In general, if you're holding, it's advisable to move your funds to a hardware wallet, or at least a desktop wallet like Electrum, and avoid centralized platforms. Then, when the time comes, you can sell through P2P marketplaces or decentralized exchanges.
830  Alternate cryptocurrencies / Altcoin Discussion / Re: Is now a good time to buy BNB? on: July 27, 2023, 08:09:43 PM
But since the lawsuit with the SEC has been resolved, I don't believe that there's any major reason to worry at the moment. Although BNB's price has yet to recover to pre-lawsuit levels, it's still not that low to raise any major concerns. On the contrary, it might be a decent opportunity to acquire it now that it's more affordable. I've already bought some, hoping that I don't regret it in the future; however, it's very unlikely for BNB to crash, especially after a resolution is found, because that would cause a chain reaction to other altcoins and ultimately to Bitcoin, due to the excessive trading volume Binance has.

BNB is still a bargain. Prices are relatively stagnant, making it a great opportunity to buy and hold for the future. Once the US government embraces crypto with open arms, market prices will be a lot higher than what they are right now. Congress already introduced a new crypto regulatory framework, so it should only be a matter of time before the SEC softens its stance against the industry.

One thing for sure is that BNB with a huge advantage over its competitors. After all, Binance is the world's largest crypto exchange. Let's hope all goes well in the long run for BNB holders. Just my thoughts Grin
I also have high hopes for BNB, and to be honest, I don't see why not. Binance is currently the largest exchange, which plays a huge role in its livelihood and its distant future. While the existence of the Binance Smart Chain is vital for Decentralized finance platforms, this combination is the best of both worlds.

On the one hand, I'm surprised that BNB hasn't recovered after the resolution of the SEC lawsuit yet and has stayed pretty stagnant. On the other hand, this might be a great opportunity to acquire more, because before the lawsuit, it was worth over $320, and now it's barely at $250.
831  Bitcoin / Bitcoin Discussion / Re: What if salaries were paid in BTC on: July 27, 2023, 02:28:19 PM
If you still use fiat for transactions or to meet all your needs and pay installments or something else, it's useless if you receive a bitcoin salary. Because if your salary is only enough for one month's needs then your bitcoin will also run out and if the price drops drastically it will torture you because your salary will decrease in value and how can you meet your unmet needs.
except that a stable bitcoin price might make sense, and for now bitcoin is only good as an asset, or a long term investment that will make you rich in the future and also not to be used if there is no urgent need.
Personally, I'm not depending solely on my salary; I save a decent percentage every month, which is used towards my savings. I believe that I've got enough money to get me going for at least a year without working, so I'm not worried about not making ends meet just because Bitcoin's value has fallen. Thus, I could possibly afford to get paid in Bitcoin if I preferred.

However, I'd rather not have a volatile salary; what's the point anyway? You can't directly spend your Bitcoin towards your daily needs unless you're using an exchange such as Binance by funding their debit card, something that we all know is frowned upon. A stable Bitcoin also wouldn't make sense; use stablecoins if that's what you're after. Get paid in fiat, and then create an investment plan depending on how much money you can afford to set aside for this purpose.
832  Bitcoin / Bitcoin Discussion / Re: What if salaries were paid in BTC on: July 26, 2023, 11:42:41 PM
A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not

If companies decided to pay their employees' salaries in Bitcoin then this only means one thing, there will be a huge demand for Bitcoin because these companies have to buy Bitcoin in order to pay their employees, and imagine how many companies are existing out there.  Anything that provides demand in the Bitcoin market is a good thing for the ecosystem because it will strengthen the Bitcoin market and at the same time make the price of Bitcoin surge.
^Exactly and on the positive side, adopting BTC for payments could have some advantages for the BTC ecosystem. It could increase mainstream adoption and usage, leading to more widespread acceptance and potential price stability, and using BTC for salaries probably reduce transaction costs and increase financial inclusion, especially in regions with limited access to traditional banking services.
However, it is important to recognize the challenges and potential risks as well because it is possible governments and central banks often play a role in regulating fiat currencies and monetary policies. The Concerns about potential tax evasion, money laundering, and lack of consumer protections could further impede widespread adoption.
I remember a few months ago a member who was claiming that he was being paid in Bitcoin. I'm not sure if his story was true, but let's suppose it was. Personally, I wouldn't opt for it because salary is part of the money you use to satisfy your daily needs, such as paying for groceries, utilities, rent, and so on. Thus, something as vital as your salary, which is deemed a necessity for your livelihood, isn't advisable to count on a currency that is volatile and may be subject to large price deviations from one moment to another. Moreover, so far, it's not as versatile as fiat money, at least not yet; only a few merchants have adopted it throughout the world, and making transactions isn't as simple as paying with your credit card. Whether we like it or not, Bitcoin is more of an asset than a currency. I'd rather set aside X amount of money each month and invest it than be fully paid through Bitcoin.
833  Other / Beginners & Help / Re: Every Bitcoin holder Should Take a Cybersecurity course on: July 26, 2023, 10:53:55 PM
When you have some crypto assets you are obliged to learn to protect yourself from hackers because these people are not resting and they continue updating their tactics to hack and steal your crypto from you. You also need to always update your info regarding their new ways of hacking and also there are lots of ways to prevent it once you are getting used to it. But if you don't have crypto with you and you are planning to promote bitcoins to your families and friends, then you have to learn and take some courses for Cybersecurity so that you can protect them from any potential threats like hackers and scammers.
I'm not against taking a cybersecurity course; it causes no harm. However, I don't believe that hackers are constantly on the lookout to steal your bitcoin; it's not that simple, nor does it work that way. The general principle of being safe on the internet, both for yourself and your coins, is pretty straightforward: don't visit sketchy websites, avoid torrents at all costs, don't download stupid stuff from unverified sources, and don't store your passwords online, such as on Dropbox, Mega, or Google Drive. If you follow these simple tips, it's quite unlikely that you'll ever fall victim to a possible attack or compromise.
834  Alternate cryptocurrencies / Altcoin Discussion / Re: Is now a good time to buy BNB? on: July 23, 2023, 06:16:58 PM
BNB isn't a currency, it's a token used on the Binance blockchain and has other utility on the Binance exchange like been used for payment of fees when trading and used for buying of launchpad tokens that can give you big profits when they get listed. I'm interested in investing in BNB but I won't be investing right now because of the SEC investigation against them.
The SEC has been trying to get Binance exchange and I think they'll get them one day and that'll affect the price of their tokens. Binance exchange has avoided the SEC but I don't think they're totally clean. We have dirty secrets and I think Binance exchange has theirs as well and when the SEC finds them they'll come hard on the exchange and it would drive away investors.
I thought Binance coin would fall as others tokens did fall but it hasn't done so and it makes me think the price of the tokens is been manipulated. My buy target is around $150. I still have my buy orders at the price and hoping it gets filled before the halving of Bitcoin rewards get completed next year.

BNB may be having trouble getting somewhere because of the SEC's "fight" against Binance, but I believe not all hope is lost. There's still light at the end of the tunnel, especially when there are many pro-crypto lawmakers in the US. With XRP's partial victory against the SEC, Binance has a signal of hope for its own cryptocurrency (BNB).

I don't think the coin will go below $100, when there are a lot of projects using it. Demand is still high, whenever you like it or not. All BNB needs is a strong bull market to reach a new ATH. I'm certain the coin will reach $1k in the long run. Who knows if it becomes the third-largest cryptocurrency in market cap soon? Just my opinion Smiley
But since the lawsuit with the SEC has been resolved, I don't believe that there's any major reason to worry at the moment. Although BNB's price has yet to recover to pre-lawsuit levels, it's still not that low to raise any major concerns. On the contrary, it might be a decent opportunity to acquire it now that it's more affordable. I've already bought some, hoping that I don't regret it in the future; however, it's very unlikely for BNB to crash, especially after a resolution is found, because that would cause a chain reaction to other altcoins and ultimately to Bitcoin, due to the excessive trading volume Binance has.
835  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 23, 2023, 03:46:15 PM
snip~

. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.

You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's?
To me, that's an awful way of thinking. Personally, I'm quite fine financially and can survive the burden of the increased cost of living; not everyone can, though. You cannot leave the market unmonitored and in the hands of large corporations that are speculating on the average consumer. I'm not blaming it on others, but governments are accountable for this situation, not the average household that barely makes ends meet. Not everyone is capable of having an academic education or the expertise in the latest technological fields that may provide them with better job opportunities. There needs to be some control over inflation and increasing prices; the market cannot readjust itself.
836  Other / Meta / Re: How Can We Identify Someone Who Uses AI? on: July 23, 2023, 12:29:44 PM
There are some AI detecting tools which can identify the AI created texts by identifying the patterns since AIs use specific templates for most of their outputs but still it is not possible to say whether it is 100% created by human or AI tools. But if someone is blatantly doing it can be identified just by their contents are more generic and doesn't include any personal touch would be good indicator.

Those tools are actually not reliable as they have failed so many times. We are yet to have an accurate AI text dictating tool. But apart from using tools, I identify AI posts especially when posted by a newbie whose writing pattern I have not studied. When the grammar is so correct and meaningful, yet coming from a newbie without merits, it's always a red flag.

Op, instead of trying to dictate AI written texts, just avoid using it yourself and others will as well avoid it and we will have a better forum with human understanding.
Perfect grammar can't act as a evidence to say that someone is using AI because before this CgatGPT and all others there are many newbies came to the forum with vast knowledge about cryptos as well as with good communication which depends on their communication skills not related to knowledge.

But the wall of texts with more generic opinions can be a red flag in my opinion.
Perfect grammar may be a sign of AI usage if the said user has a history of poor English knowledge in their previous posts. Otherwise, in general, grammar isn't an accurate way to suspect AI usage; I'm also quite proficient in the English language and also use extensions such as Grammarly to correct any mistakes I make. The truth is that you cannot suspect every single newbie that creates constructive content, but the truth is that after the introduction of AI platforms, there has been an increase in suspiciously constructive threads, which may raise red flags if it's a common occurrence.
837  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 23, 2023, 09:29:00 AM
All commodities increase in price during periods of inflation but will be uneven, chicken can rise above 4€/kg, but other foods demand less so prices will increase less. So you cannot say that the inflation figure is incorrect. Prices will depend on supply and demand, for items that are not in high demand, prices will hardly increase.
But you are right, prices will hardly change even if inflation falls, but this can be caused by traders deliberately manipulating prices and governments being too negligent in stabilizing market prices. And the salary increase needs to be considered to balance everything, if the Government rushes to increase wages, they will face many difficulties in controlling inflation.
That's how inflation works in theory; in practice, I haven't seen what you're claiming. Supposedly, inflation is the average percentage movement of a specific list of goods, but in reality, I haven't seen any goods decrease in price. Everything has gone through the roof, so your statement is invalid. All goods have increased in price; I haven't seen a single item being cheaper than it used to be. It's a complicated matter; it isn't that simple to increase wages. The main issue is that after prices increase, even after the condition is settled, they'll never return to where they were. This, in my opinion, is pure speculation that goes without any monitoring.
In my country, the price of gasoline has dropped to almost pre-war levels, leading to a drop in prices for many commodities. I remember correctly, not too long ago there was a topic about the lack of onions and eggs causing the prices of these two items to soar that many people could not afford to buy them. But meanwhile, onions and eggs in my country are still cheap foods that anyone can afford. Not to mention electronics in my country are cheaper than ever because demand is slowing down, and they need to lower prices to stimulate demand... and many things are changing.

You are right, we will never return to the original position but in terms of macro factors such as increasing population causing increased demand, impacts caused by nature… there are too many problems, and it is difficult to solve them all. So over time, things will get worse, and instead we should find ways to adapt rather than blame and complain.
We've only seen a minor decrease in gasoline prices, which is unacceptable because crude oil has seen a major reduction in prices, while the currency exchange rate of EUR/USD has also improved. Normally, we should have seen a minor decrease in goods prices, but that never happened and probably never will. The situation has gone out of control, but the Greek population decided that it's best to elect the same prime minister and government again. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.
838  Other / Meta / Re: How Can We Identify Someone Who Uses AI? on: July 22, 2023, 11:54:20 PM
There are some AI detecting tools which can identify the AI created texts by identifying the patterns since AIs use specific templates for most of their outputs but still it is not possible to say whether it is 100% created by human or AI tools. But if someone is blatantly doing it can be identified just by their contents are more generic and doesn't include any personal touch would be good indicator.

Those tools are actually not reliable as they have failed so many times. We are yet to have an accurate AI text dictating tool. But apart from using tools, I identify AI posts especially when posted by a newbie whose writing pattern I have not studied. When the grammar is so correct and meaningful, yet coming from a newbie without merits, it's always a red flag.

Op, instead of trying to dictate AI written texts, just avoid using it yourself and others will as well avoid it and we will have a better forum with human understanding.
That's actually true, and I've tested a few tools with my own posts. Some showed that there was a possibility that my post was AI-generated; others showed that it is 100% genuine text written by a human; and some others showed that it was 100% AI-generated. That's a huge deviation among the few tools that I used, some of which were completely inaccurate. I've never used AI to write a simple post, even if I wanted to. I'm not that dumb to risk having my account flagged for such a stupid reason. Thank goodness, my English is quite decent, and I'm capable of writing posts myself.

Generally, AI-written posts sound too generic and robotic, and I've also noticed the usage of bullet points is quite common. I don't believe that any older member would resort to using AI just to reach their quota; you'll eventually get caught by more experienced members who'll flag your account. It's mostly newer members who think they can outsmart others and find shortcuts to entering signature campaigns, believing that they won't get caught. Thus, it looks quite suspicious when a newbie posts a detailed thread with perfect English and no other post history.
839  Alternate cryptocurrencies / Altcoin Discussion / Re: Would You Advise People To Stake? on: July 22, 2023, 07:12:15 PM
your mindset is wrong, if you hold and the price of crypto goes down your asset estimate also goes down and you don't get anything. but if you stake and the price of crypto goes down your asset estimate also goes down but you will get compensation from the stake, and the compensation you receive keeps the asset estimate from dropping too far.
why people don't buy crypto and stake ? sometimes people prefer trading than staking.
"If"

In short staking isn't always mean you will get profit, so it's really wrong to say staking is a passive income.

Not all people can trade, actually 90% of traders are lose especially if they're beginners. Just choose a coin that has a maximum supply and decentralized, hold it on your non custodial wallet. Since such coin can't be staked, the price will increase if the demand is high.
Staking is a form of passive income. You're generating profit on a daily basis; how is that not a form of passive income? Yes, there's always the risk of impermanent loss, which occurs when the value of the staked token decreases, often in volatile market periods. However, if you're staking a trusted and reputable coin such as BNB or ETH, then your investment is quite safe-ish, although for this reason, your APY will be significantly lower than if you were staking some random token that appeared five days ago. Thus, no matter what happens, you'll still be generating a specific amount of the coin you're staking, which is likely to regain its value in the upcoming bull market.
840  Economy / Economics / Re: Inflation is making a mess of my savings. on: July 22, 2023, 05:25:05 PM
All commodities increase in price during periods of inflation but will be uneven, chicken can rise above 4€/kg, but other foods demand less so prices will increase less. So you cannot say that the inflation figure is incorrect. Prices will depend on supply and demand, for items that are not in high demand, prices will hardly increase.
But you are right, prices will hardly change even if inflation falls, but this can be caused by traders deliberately manipulating prices and governments being too negligent in stabilizing market prices. And the salary increase needs to be considered to balance everything, if the Government rushes to increase wages, they will face many difficulties in controlling inflation.
That's how inflation works in theory; in practice, I haven't seen what you're claiming. Supposedly, inflation is the average percentage movement of a specific list of goods, but in reality, I haven't seen any goods decrease in price. Everything has gone through the roof, so your statement is invalid. All goods have increased in price; I haven't seen a single item being cheaper than it used to be. It's a complicated matter; it isn't that simple to increase wages. The main issue is that after prices increase, even after the condition is settled, they'll never return to where they were. This, in my opinion, is pure speculation that goes without any monitoring.
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