CEO's only are paid what private companies are willing to pay them.
In years past, there were reports of CEOs firing non essential employees. To incorporate the fired employee salaries, into their own paychecks to give themselves a pay raise. This was one of the methods by which CEOs achieved high salary growth. Many CEOs are merely figureheads and official spokesman. They don't know the basics of finance or running a business. It is a common trend in the business world where professionals comment upon the time they interviewed candidates for a CEO position. And the vast majority of them didn't know the basics on anything. Recently Elon Musk commented on MBAs and business schools being fast tracks to executive positions, with reduced emphasis on knowledge and learning. Whatever CEOs are paid, does not necessarily equate to what they deserve. That could be a point some are missing. |
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Maintaining the integrity of data is one application of blockchains. Bitcoin illustrates this well by using a blockchain to maintain the integrity of its ledger system.
The success of matson and the medical industry using blockchain in open ledger systems has emboldened expansion of the technology into other sectors.
As a result, blockchain has been proposed as a foundation for electronic voting systems and for maintaining digital real estate deeds and permits. I think there would always be a hard requirement for maintaining a paper trail and hardcopy written record system. In the advent of an EMP attack. Or building fire which destroys records. It is important that some of those records be recoverable.
Researchers claim that data was retrieved from hard disk drives that were inside the 9/11 world trade center towers that disintegrated on 9.11.2001. It has also been claimed that data could be recovered HDDs in the space shuttle challenger which exploded shortly after launch. Digital drives are definitely more resilient than anyone realized. But still I think blockchain cannot completely eliminate the need for paper trails in real estate deed systems and other areas where record keeping are important.
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Last June, drawing on the largest trove of confidential American tax data that’s ever been obtained, ProPublica launched a series of stories documenting the key ways the ultrawealthy avoid taxes, strategies that are largely unavailable to most taxpayers. To mark the first anniversary of the launch, we decided to assemble a quick summary of the techniques — all of which can generate tax savings on a massive scale — revealed in the series. 1. The Ultra Wealth EffectOur first story unraveled how billionaires like Elon Musk, Warren Buffett and Jeff Bezos were able to amass some of the largest fortunes in history while paying remarkably little tax relative to their immense wealth. They did it in part by avoiding selling off their vast holdings of stock. The U.S. system taxes income. Selling stock generates income, so they avoid income as the system defines it. Meanwhile, billionaires can tap into their wealth by borrowing against it. And borrowing isn’t taxable. (Buffett said he followed the law and preferred that his wealth go to charity; the others didn’t comment beyond a “?” from Musk.) 2. The $5 Billion IRAOther billionaires used less conventional ways to avoid income, we found. Tech mogul Peter Thiel amassed a $5 billion Roth IRA, a type of account that shields income from taxes and is intended to help low- and middle-class savers prepare for retirement. Back in 1999, Thiel stuffed low-valued shares of the company that would become PayPal into the account, a maneuver tax lawyers said risked running afoul of IRS rules. (It’s not clear if the government ever challenged the move.) He set himself up to reap billions in untaxed gains. (Thiel did not respond to questions for the original article.) 3. The $1 Billion Parlor Trick: Turning High-Tax-Rate Trading into Low-Tax-Rate IncomeEven when tech billionaires do show income on their tax return, they tend to pay relatively low income tax rates. That’s because of the type of income they have: Gains from long-term investments, such as from stock sales, are taxed at a lower rate. But what do you do if you’re making over $1 billion every year, and it’s largely from short-term trading? Do you just accept that you’ll pay the higher rate on all that income? As we reported this week, Jeff Yass, head of one of the most profitable firms on Wall Street, did not meekly accept this fate. Instead, his firm, Susquehanna International Group, found creative ways to transform the wrong sort of income into the right kind, generating tax savings that exceeded $1 billion over just six years. (Susquehanna declined to comment but in a court case that centered on similar allegations, it maintained that it complies with the law.) 4: The Magic of Sports Ownership: Make Money While (Legally) Reporting LossesThe tax code offers business owners a slew of methods to erase income through deductions, none more awesome than buying a sports team, as former Microsoft CEO Steve Ballmer did with the Los Angeles Clippers. It doesn’t matter whether the team is actually profitable and growing in value. It can still be a write-off. (In some cases, we found, owners could effectively deduct a given player’s contract not once, but twice. They’re allowed to take deductions comparable to those for factory equipment that loses value as it ages, even as teams almost inevitably gain in value.) That’s one reason owners tend to pay far lower tax rates than the athletes they employ, or even the people serving beer in the team’s stadium. In our story, we found a Clippers arena worker who made $45,000 a year and paid a higher tax rate than the billionaire Ballmer. (Ballmer said he pays the taxes he owes.) 5. Build, Drill and Save: The Real Estate and Oil Businesses Can Both Be Tax HavensIn certain industries, like real estate or oil and gas, the tax breaks are so plentiful that billionaires can erase their income entirely even as they grow richer. That’s how real estate developer Stephen Ross (who also happens to own the Miami Dolphins) went 10 years without paying any income tax. Ross said that he followed the law. Another mogul, this one in the oil business, managed to tap a near bottomless well of write-offs via one of the biggest oil spills in history. (The mogul’s representatives did not respond to requests for comment.) 6. Even a Billionaire’s Hobbies Can Pay Off at Tax TimeDeductions from hobbies and side projects, which the ultrawealthy can structure as businesses, are another fun option. For some billionaires, it’s race horses: We found that six owners of thoroughbreds at the 2021 Kentucky Derby had taken a combined $600 million in tax write-offs on their horse racing operations. For others, like Beanie Babies founder Ty Warner, it’s luxury hotels. The billionaire splurged on a couple of landmark Four Seasons locations and then went 12 years without paying any income tax. (Representatives for Warner did not respond to requests for comment.) 7. Think Your Taxes are Too High? Change the Tax LawsSometimes, it pays to fight for a new tax break. For the billionaires who contributed millions to Republican politicians, the payoff came in the form of Trump’s “big, beautiful tax cut” for passthrough businesses. We found the change sent $1 billion in tax savings in a single year to just 82 ultrawealthy households. Some business owners also boosted their savings with a trick: They slashed their own salaries and categorized the money instead as passthrough income. 8. Why Tech Billionaires Pay Less Than Hedge-Fund ManagersWith so many options to reduce taxes, the richest Americans often manage low income tax rates. We analyzed the incomes and taxes of the country’s top 400 earners, those averaging over $110 million in income per year. Overall, the group paid relatively low rates, but certain segments (tech billionaires, heirs, private equity executives) stood out even within this elite population because they were able to draw on the sorts of techniques detailed above. (Also drawing on these techniques were wealthy politicians, like the governors of Colorado and West Virginia.) 9. Brother, Can You Spare a Stimulus Check?But the real standouts were the billionaires who reported such low incomes that they qualified for government assistance. At least 18 billionaires received stimulus checks in 2020, because their tax returns placed them below the income cutoff ($150,000 for a married couple). 10. Trust This: How Wealthy Families Pass Billions to Heirs While Avoiding TaxesThe holes in the estate tax, we found, are even more remarkable. There are well-worn ways to make sure Uncle Sam doesn’t get his cut of a fortune being passed on to heirs, and the most common is through a trust. How common no one can say, but we found evidence that at least half of the nation’s 100 richest individuals had used estate-tax-dodging trusts. In another story,we followed three century-old dynasties down through the generations, showing how they used trusts to avoid taxes, so that a fortune could pass all the way from the original early 20th century tycoon to, for example, the great-great-granddaughter who recently collected $210 million before her 19th birthday. https://www.propublica.org/article/billionaires-tax-avoidance-techniques-irs-files.... I for one, don't mind if the wealthy exploit legal tax loopholes to protect their net worth from taxation. They are only required to follow the laws. Historically lawmakers have always catered to the self interests of the rich. Even in decades past. When Warren Buffett complained over being taxed at 17% of income, even without using tax loopholes. The rich tend to be the most motivated and hardworking demographic. They invest the most time and energy into their finances. And they also take on the biggest risks. It makes sense for them to enjoy the biggest rewards. My only gripe is the unequal growth of CEO salaries. Which have vastly outstripped growth of other income brackets. And teetered global economies into a state of imbalance. Through the earning and spending power of consumers becoming increasingly unequal. |
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MLMs are like affiliate programs crossed with pyramid schemes.
MLM members purchase necessities and supplies through their MLM. With those higher on the pyramid receiving an affiliate cut. It is like referrel links in crypto or amazon's affiliate program. Moreso than anything to do with gambling.
If a family or group of friends can gather together and supply their regular needs through MLM supply chains. They can form a long term hierarchy which can be both profitable and sustainable to some degree.
I'm surprised MLMs aren't being touted more with the advent of the internet. Social networking the internet supplies seems well suited for it.
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crypto's first ever economic calendar . BTC Good idea. There is a famous trader called Larry Williams who has won trading competitions and has his own wikipedia page. https://en.wikipedia.org/wiki/Larry_R._WilliamsHis trading system involves crunching statistics to figure out which days of the week monday through sunday are statistically best for buying and selling stocks. A good crypto trading calendar could include a similar feature. Crypto's transaction volume tends to peak around black friday and the holiday christmas season, which in past years was correlated with high demand. January through march are the inverse opposite correlated with low transaction volume, which make the 1st half of the trading year calendar prone towards the most declines in bitcoin and crypto prices. With the 2nd half of the year trending in the opposite direction. There are also 4 year boom and bust cycles present in bitcoin's price valuation, which correlate with miner rewards halving. It if were possible to overlay those factors, and others which serve as useful trading indicators. You could have the basis for a good trading app or SaaS. |
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 Image link: https://i.imgur.com/2VU9JtJ.jpgInteresting to see a discontinued label on the M1 money supply.  There are many sources who track real inflation before it was redefined 1970s to 1980s. With M1 being discontinued it appears there is yet another redefinition of the statistic in 2021. People tend not to care about topics like this until it directly affects them. By then its usually too late. |
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Looking at billionaires flying in private jets, riding in expensive luxury cars with their trophy wives and living in mansions.
The only path many believe they have to living that type of life, is through gambling. They view it as their only path to success.
Gambling is also the laziest potential path to a higher standard of living. There is no need to attend 4 years of schooling to earn a degree. No need for licensing or certification. Its an entry level career.
These factors coupled together hold a powerful attraction over those who can't envision another path for themselves to achieve the type of life they want to live.
Quitting gambling involves finding other ways to earn income and find a side hustle that works.
I think a lot of people suffering from gambling addiction have no other hope, they firmly believe gambling is their only hope. Which makes it difficult to quit.
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The best I ever achieved in sports betting is 100x.
Yet another advantage dice gambling has over sports gambling in those higher leverage bets. Coupled with I would guess lower minimum wager.
If you could find a sports betting platform with a lower minimum bet. It would be possible to make accumulator bets on every possible outcome, of a combination of sporting events. Which would be consistently profitable.
20,000 wagers to hit a single 10,000x are interesting stats. If those numbers remained consistent. It could be possible to make 19,000 wagers at low amounts. Then increase the last 1,000 wagers to a higher bet amount to turn it into a profitable ratio.
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(Reuters) - A year-and-a-half after a "meme stock" rally roiled Wall Street, the U.S. Securities and Exchange Commission is considering broad changes to curb the frenetic trading of stocks based on social media activity. The proposed overhaul would be the biggest change to Wall Street's rules since 2005 and would affect nearly every corner of the market, from commission-free brokerages to market makers and exchanges. The U.S. House Committee on Financial Services on Friday called for the SEC, along with other regulators, to do more to protect the markets from similar events. The impetus for change came from the so-called "Reddit rally" of January 2021, in which GameStop Corp and other "meme stocks" popular on social media surged to extreme highs on buying from investors trading heavily through Robinhood and other commission-free retail brokerages. The intense volatility led to big losses for hedge funds that had bet against the meme stocks. It also led Robinhood and others to restrict trading in the affected securities, in turn curbing the rally, infuriating retail investors and rattling market confidence. Here are some of the issues the SEC is scrutinizing: PAYMENT FOR ORDER FLOWGary Gensler, the SEC chief, has criticized payment for order flow (PFOF), a practice in which some commission-free brokers generate revenue by sending customer orders to wholesale market makers in return for payments, rather than to exchanges. He has said a ban on the practice is not off the table as it raises potential conflicts of interest, giving brokers incentives to encourage customers to trade more frequently to maximize the payments. The meme stock trading frenzy exposed concerns about the ways in which PFOF increases complexity and potential fragility in the securities markets, the House Financial Services Committee report said. Proponents say PFOF is a major reason brokerages were able to stop charging trading commissions, and retail investors often get a lower, better price than they would on the main exchange. DIGITAL TRADING PROMPTSGensler has criticized the "gamification of trading" in which commission-free brokerages encourage excessive trading using lights, noises, notifications and other gimmicks to generate more PFOF. He has also highlighted the use of artificial intelligence, predictive data analytics and machine learning to push products. In August https://www.reuters.com/legal/transactional/us-markets-regulator-wants-public-feedback-firms-digital-engagement-practices-2021-08-27 2021, the SEC issued a consultation on potential new rules to limit gamification and other "digital engagement prompts." The agency is expected to proceed with a rule change https://www.reuters.com/business/finance/will-games-stop-sec-mulls-crackdown-trading-apps-2022-01-26 in the coming months. The U.S. House Financial Services Committee on Friday urged Congress to adopt legislation mandating the SEC study how its rules need to change to address new technological developments, such as digital engagement practices and social media-driven market activity. CONCENTRATION, PRICINGThe GameStop saga highlighted the small number of market-makers -- brokers that execute trades and publicly post buy and sell quotes for others to trade -- that dominate the retail market, which may pose competition issues, Gensler has said. The House Financial Services Committee said that at the time of the Reddit rally, Robinhood was not connected to any exchanges, and of the six market makers Robinhood routed all its customers' orders to, nearly all were unable to execute trades in certain meme stocks due to the market stress. "Had all these market makers been unable to execute trades, Robinhood would have been unable to execute trades on behalf of its customers," the report said. Nearly all retail trades are executed away from exchanges. That is partly due to rules that allow market makers to offer fractional sub-penny price improvement on bids and offers, whereas exchanges have to quote in pennies. Gensler has said that has created an uneven playing field in the competition for retail orders. Gensler has asked SEC staff to recommend potential changes to harmonize the ability to display sub-penny quotes on and off exchange. (Reporting by John McCrank in New York and Katanga Johnson in Washington, Editing by Deepa Babington) https://finance.yahoo.com/news/factbox-secs-response-meme-stock-185020859.html.... The SEC proposes to crackdown on coordinated retail trading. If this is passed, could the fallout affect the numerous pump and dump cycles we have witnessed in altcoins over the years? Alt pump and dumps being essentially the same concept perpetuated by larger traders. Hedge funds and investment banks may also follow similar planning cycles. Although their trades are defined more by backroom discussions and conferences on what market prices could resemble, rather than being purely profiteering in origin. This seems like a topic that could be controversial. Some will hate the degree to which US markets are regulated. US citizenship renouncement could climb higher. With many deciding to immigrate outside the united states to regions with lower income taxes and more lax financial reporting standards. This appears to be flying beneath the radar at the moment. Its not receiving much attention from the media or internet influencers. It seems to me to be one of the bigger pieces of regulation the SEC has attempted in recent years. |
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Lifting a book with the intent to read it. Would seem to be more difficult than lifting weights or manual labor.
Many believe only the government should have the power to encourage people to read or educate themselves. Learning and reading are such ferociously frightening topics. Only the greater fear inspired by governments can compel people to tackle them.
If we were crafting the perfect religion, reading and learning could be central pillars of the faith.
Whispers of the wise, valued over loud voices of the unknowledgeable.
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war is only way to be honest becouse war equipment costs a lot MONEY
I think most low end tanks that russia uses cost around $1.2 million. Fighter jets are more expensive costing as much as $100 million each. They also have far higher maintenance and upkeep costs. One interesting observation of the current ukraine war is russia deploying many old tanks and none of their air force. It appears to be a penny pinching war that Putin is currently waging. Maybe meme authors will illustrate images of Putin searching for lost pennies in the dark. While not great. It would be better than most attempts I've seen to attack russia. Hypersonic missiles russia launched can also cost approximately $100 million each of which I think they launched only 3. These being the basics, how can people focus on defense in this era? Most europeans cannot legally own guns to hone their marksmanship in case Putin invades. European nations which failed to develop viable 4th generation aircraft (eurofighter typhoon) are not likely to overturn those negative results within the span of a few short years. The term "too big to fail" is thrown around often. If the economy tanks there are no protections or insulations which will protect big players from winding up far less wealthy, than they previously were. War does not create wealth. It is moreso a destroyer of it. Material assets, land, infrastructure are all destroyed. With liquidity spent in the destructive process not necessarily being equal to tangible net results produced. |
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Indonesia is hoping to entice more remote workers to the country with a new digital nomad visa. The proposed visa seeks to incentivise digital nomads to work from popular destinations like the island of Bali. Indonesia’s tourism minister Sandiaga Uno said the new permit was part of a move away from sunseeker tourism towards a more sustainable model. What do we know about Indonesia’s new digital nomad visa?The planned digital nomad visa will be valid for five years. It will allow remote workers to live in the country tax-free, as long as their income derives from businesses based outside of Indonesia. The special permit is designed to be a simple solution for foreigners wanting to work in the Asian country. A more streamlined application process and a greater frequency of flights to the archipelago aim to lure employees with work from anywhere policies. The five-year visa would become the longest digital nomad visa available compared to other countries. As yet, guidelines on when and how you can apply for the visa have not been announced. Current visas for remote workers in BaliBali is already a favourite destination for remote workers with its warm climate and low living costs. But current visa rules don’t facilitate long-term stays. At the moment, digital nomads can apply for a temporary visa to work from Indonesia. Options include the Visa on Arrival (VoA), which is valid for 30 days, the tourist visa, which can be renewed to last a total of 60 days, or a business visa that can be extended to 180 days. Visitors staying longer become local tax residents requiring them to pay Indonesia’s tax rates on earnings from overseas. In 2021, an idea for a digital nomad visa was already in the works but plans were derailed when the pandemic forced the island to close borders and restrict visitors. Bringing sustainable tourism to BaliThe remote working visa comes as part of a push for a different kind of tourist in popular destinations like Bali. “In the past, the three S was: sun, sea and sand. We’re moving it to serenity, spirituality and sustainability. This way we’re getting better quality and better impact to the local economy,” Uno told Bloomberg. The minister said the country hopes to see 3.6 million overseas travellers returning to the country next year. The digital nomad visa along with a greater emphasis on eco-tourism and spiritual retreats aims to bring higher spenders who stay longer. https://www.euronews.com/travel/2022/06/24/balis-new-digital-nomad-visa-means-foreigners-can-live-and-work-in-indonesia-tax-free.... This caters to remote workers. No word on whether crypto traders might also qualify for zero taxation status. The digital nomad lifestyle is becoming a legitimate trend recognized around the world as boosting local economies and creating jobs. Which in theory, trickles down to elevate local standards of living. Indonesia is not the 1st to offer these terms. Vanuatu, the philippines and others have offered zero taxation status for crypto investors and travellers who earn digital income. Zero taxation is an interesting concept to encourage the opposite of capital flight. Where encouraging big(ger) spenders to immigrate into the country and spend their wealth towards the local economy can be deemed of greater value than potential collected taxes. Perhaps what we see here is a glimpse of what the future will look like. |
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The $100m interest payment was due on 27 May. Russia says the money was sent to Euroclear, a bank which would then distribute the payment to investors.
But that payment has been stuck there, according to Bloomberg News, and creditors have not received it. It appears to be a technicality rather than an indication of russia going bankrupt. (Could this leave russia with no other options aside from making payments in bitcoin.) I don't think Putin will take this lying down. He will search for alternatives. But we shall see. Maybe he has no alternatives? |
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-- Goldman Sachs Group Inc. is looking to raise $2 billion from investors to buy up distressed assets from Celsius Network LLC, CoinDesk reported, citing two people familiar with the matter. -- The proposed deal would allow investors to buy up Celsius' assets at potentially big discounts in the event of a bankruptcy filing, the report said. The Wall Street Journal reported earlier Friday that the crypto lending platform hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing. The company also engaged law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible restructuring options, the Journal reported earlier this month. -- Goldman Sachs appears to be gauging interesting and soliciting commitments from Web3 cryptocurrency funds, funds specializing in distressed assets and traditional financial institutions with cash on hand, CoinDesk reported. -- Celsius, which said it had $11.8 billion in assets as of May and has 1.7 million users, froze withdrawals, swaps and transfers earlier this month because of extreme market volatility. The value of its assets has fallen from about $25 billion in October, the Journal reported. https://www.morningstar.com/news/dow-jones/202206247121/goldman-sachs-looks-to-raise-2-billion-to-buy-celsius-networks-assets-coindesk-says.... It was rumored that goldman sachs bought poloniex crypto exchange through a subsidiary called circle years ago. And now it seems they're acquiring celsius assets at extreme discounts. Goldman sachs stock jumped almost 10% hours before news of their celsius acquisitions hit markets. With $11.8 billion in celsius assets to be sold off. Its too bad the sum of money involved is too large to be transacted in a public auction. There could have been some amazing bargains to be had. Goldman also seems to support web3. Perhaps there are useful conclusions which can be drawn from that connection. |
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June 26 (UPI) -- President Joe Biden on Sunday announced the United States will contribute $200 billion to a global infrastructure initiative during a summit with the leaders of the Group of Seven. The United States committed to provide $200 billion to the program throughout the next five years in combination with contributions from other G7 members for an overall target of $600 billion. "Developing countries often lack the essential infrastructure to help navigate global shocks like a pandemic, so they feel the impacts more acutely and they have a harder timer recovering in our deeply connected world," Biden said in remarks at the summit. "That's not just a humanitarian concern. It's an economic and a security concern for all of us." European Commission President Ursula von der Leyen said the goal of the program was to present a "positive investment impulse to the world to show our partners in the developing world that they have a choice." The effort comes as China has spent nearly a decade investing in infrastructure in Africa and Asia, including financing for projects such as seaports and 5G wireless networks through its Belt and Road Initiative. Biden did not explicitly mention China during his remarks but said that when "democracies do all that we can offer" they can triumph over autocracies and offer "better options for people around the world." "This isn't a charity. It's an investment that will deliver returns for everyone, including the American people, the people of all our nations. It will boost all of our economies and give a chance for us to share our positive vision for the future," said Biden. Biden earlier met with German Chancellor Olaf Scholz as they "underlined their commitment to Ukraine's sovereignty and territorial integrity" as well as continued efforts to provide Ukraine with support to defend against Russia's invasion, according to a White House readout of the meeting. "The leaders also discussed efforts to alleviate the impacts of Russia's war in Ukraine on global food and energy security," according to the readout. "The president welcomed Germany's historic commitment to significantly boost defense spending and meet its NATO commitments, which will strengthen the Alliance's long-term deterrence and defense posture." In brief remarks before the meeting, Biden and Scholz said that the nations will "continue working on the economic challenges" each faces while standing together against Russia's aggression in Europe. Biden and his G7 counterparts are expected to discuss issues with the global economy such as energy security and the food crisis during the summit's first session Sunday, a senior administration official said on a press call. Biden and other G7 leaders will "continue to work to hold Putin accountable," the senior administration official said, while the United States, Britain, Canada and Japan announced they have banned the import of Russian gold, which is Moscow's largest non-energy export at about $15.47 billion last year. British Prime Minister Boris Johnson announced the move in a statement, saying it will directly affect Russian oligarchs and "strike at the heart of Putin's war machine." "Putin is squandering his dwindling resources on this pointless and barbaric war," Johnson said. "He is bankrolling his ego at the expense of both the Ukrainian and Russian people. "We need to starve the Putin regime of its funding. The UK and our allies are doing just that." Meanwhile, the U.S. Treasury Department is expected to make the formal determination to prohibit the import of new gold into the United States on Tuesday. The senior U.S. administration official said that the G7 is expected to take a "series of steps" on top of the gold ban that are "designed to increase pressure" on Russian President Vladimir Putin. "We think that the step forward that's being taken with gold is a very important illustration of the additional steps that we expect to be taken now and in the weeks ahead," the senior administration official said on the call. "This is a key export, a key source of revenue, a key alternative for Russia, in terms of their ability to transact in the global financial system." When asked to discuss whether Russia will be able to evade the measure, the senior administration official said that an "ongoing area of focus" for the G7 has been to identify and block areas "where evasion risk is becoming more prominent." https://www.msn.com/en-us/news/world/biden-announces-200b-us-investment-in-global-infrastructure-at-g7-summit/ar-AAYSxJV.... $200 billion to help infrastructure in developing nations and fight Putin in ukraine. Biden and other G7 leaders will "continue to work to hold Putin accountable," the senior administration official said, while the United States, Britain, Canada and Japan announced they have banned the import of Russian gold, which is Moscow's largest non-energy export at about $15.47 billion last year. It appears crackdowns on gold and precious metals are also coming. To fight Putin. Could commodities shipments also be affected? Bitcoin doesn't suffer from transportation hardships affecting precious metals or commodities. Could this signal a bullish trend for BTC. |
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I feel like traditional athletic sports are in a decline.
With younger generations shifting towards an emphasis on video games and esports.
Sports like boxing used to be massive. Boxing gyms used to be crowded with people. Now they're empty. I get the feeling sports stars like Michael Jordan and Tom Brady aren't as famous or revered as they used to be. The olympics no longer has big dollar endorsement deals they have in previous decades.
Whatever national sports are on OP's list. I suspect in the near future they will change.
In the united states recently the NFL has had trouble securing health insurance for concussions and brain injuries. Politicians have proposed removing some of the tax exemptions which sports like the NFL, NBA and MLB enjoy.
I think change is in the air with traditional sports are losing ground. But maybe there is more to this that I am missing.
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so there's no wash trading rule. So people can sell their Bitcoin and buy it back and harvest tax gain and that's not the same with Apple.So that gets fixed by the house ways and means committee that's a big plus for the asset
This dates back to korean crypto exchanges in 2017. They had no commission on trades. Which many criticized claiming it was possible to make multiple accounts on exchanges and buy/sell to alternate accounts to influence prices without suffering significant losses in the process. Many stock brokers adopted this trend around 2019 with commision free trades. But it was actually crypto exchanges who were the 1st to implement the practice of commission free trading in 2017. |
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High fuel and food prices exact a hefty toll on disposable income.
Which hits hospitality sectors: tourism, gambling and entertainment areas the hardest.
COVID travel restrictions and lockdowns also contribute to declines.
The population of macau is close to 650,000 residents. It isn't a massive area with a population of millions.
Which will hopefully help it to have the flexibility it needs to outlast any economic hardship.
Macau caters to high end clientale of whales. They should be much better suited to survive things like COVID lockdowns in contrast to most industries.
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A high percentage of coal powered bitcoin mining was state subsidized. Virtually all cases of bitcoin miners using dirty coal energy where instances of governments arranging it to boost local economies and create jobs. Geothermal, hydroelectric and wind power are the most sought after sources of power for crypto miners, due to them generally being cheaper in contrast to coal.
More recent studies have concluded as much as 70% of bitcoin mining is done using renewable forms of energy. Crypto miners high mobility translates to them targeting surplus forms of renewable energy. Which in turn helps fund the expansion of renewable power across the globe. Not only is bitcoin mining and proof of work not destroying the environment. It is also one of the most environmentally friendly industries in the world.
The EU isn't the biggest offender as far as climate change goes. Landfills and unsecured oil wells are definitely more destructive to the environment than the average consumer. Trillions of tons of waste decomposing in landfills produce massive quantities of greenhouse gases. That alone should eclipse any concern about crypto mining.
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Early P2E (play to earn) games like axie infinity were browser based and built on HTML5 (I would guess).
If the P2E movement is dead. I would guess developers have not received the memo considering new P2E games like psyber X and metarun are currently being built on unreal engine 5.
Micro transactions in gaming were the largest and most sought after form of revenue prior to the introduction and banning of loot boxes. P2E may simply be a natural progression of the micro transaction in game asset movement.
The problem with most game based tokens and NFTs not offering long term incentives to HODL. Their price charts closely resemble the BAT token of brave browser of a long downtrending line. Users dump tokens ASAP in the short term, due to there being no reason to expect anything aside from a price decline.
I think micro transactions and P2E are here to stay long term. A niche market that doesn't involve multi million dollars of investment to produce triple A titles solves too many problems for developers to be ignored.
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