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521  Other / Politics & Society / Re: Being Russia and Russian now on: April 26, 2023, 09:08:33 AM
PS Some funny statistics Smiley
I think in business parlance this is called "liquidation of distressed assets."
- The number of prisoners in Russian prisons decreased by 33 thousand in 2022
- The number of unemployed in Russia decreased by 35 thousand in 2022
The decrease in the number of prisoners in Russia in 2022 should not surprise anyone, they were recruited by volunteers into the assault squads of the Wagner PMC and are currently storming Bakhmut. On YouTube there is a documentary film "Zone of Redemption" about this, I recommend watching it to broaden your horizons.
Yes, the defenders of Bakhmut also note that among the participants in the assault squads from Russia, there were also former female prisoners. Given Russia's serious demographic problem, which even Putin recently described as one of the country's biggest problems due to its drastic population decline, sending women to certain death for Putin's imperial ambitions is, at the very least, very strange. Or is the situation already so hopeless in Russia? I think the situation is only hopeless for Putin, who actually doesn’t give a damn about his citizens, but is there really not a single sane person in Russia who can prevent this? Although Russia is now entirely a country of the absurd.
522  Economy / Economics / Re: Stablecoins to face new restrictions in Japan on: April 26, 2023, 08:43:44 AM
I don't have a good opinion about stablecoins. And therefore I don't care whether additional restrictions are being imposed on them or not. Take the most popular stablecoin as the prime example. Tether (USDT) is having a market cap of $81.5 billion and remains as the largest stablecoin in the world. But the promoters (iFinex Inc) have refused to conduct third party audits on the backup funds. And at times, they have admitted that only a small fraction of these reserve funds are held as cash or assets that are equivalent to cash. And this is the reason why they have faced legal action from the New York Attorney General office (NYAG), as well as from the United States Commodity Futures Trading Commission (CFTC). 
Private and commercial fiat-backed stablecoins pose a hidden danger to the financial system of states. Any abuse with their release and use will harm the state, and if their market capitalization is several tens of billions of dollars, this will affect the global financial system as a whole. Therefore, it is not surprising that states will strictly regulate, and even prohibit the circulation of such stablecoins. And it is hardly surprising that Japan, which was among the first to legalize cryptocurrencies back in 2017, has a rather negative attitude towards stablecoins.
523  Bitcoin / Bitcoin Discussion / Re: Russia's approval of BTC on: April 24, 2023, 07:07:41 AM
If Russian government can approve bitcoin to be legalized in their country,it will be a welcome development to Russian citizens to be part of this progress other countries that made bitcoin legal are enjoying in their land. It will really help the economy of Russian to grow faster so that their citizens will return back to bulling economy that will help them to recover all the things the war has destroyed in their country.
Russia do not only approve bitcoin legally, they also will accept bitcoin for exporting activities of their natural resource. This was said by Pavel Zavalnya  (The chairman of the Russian congress energy committee) that Rusia will open bitcoin as one of payment methode to their natural recourse.  Accepting bitcoin in Rusia will centainly allow to change trade flows in the country, as Putin have rejected the possibility last year..

Source 1
In Russia, various officials periodically express conflicting opinions about the prospects for the legalization of cryptocurrency in this country. Only the actions of the State Duma of Russia and the Central Bank of this country are clearly aimed at the complete prohibition of the use of cryptocurrency as a means of payment. Today, the use of cryptocurrency as a means of payment is completely prohibited in Russia, and I do not see any changes for the better in relation to cryptocurrency in the foreseeable future in Russia. On the contrary, given the defeat of the Russian army in the war against Ukraine, the increase in spending on the war, the growing budget deficit, the imposition of additional taxes on businesses and citizens, Russia will try to use any means to prevent the flight of capital from the country. Therefore, they are unlikely to legalize cryptocurrency there.
524  Economy / Economics / Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff) on: April 23, 2023, 03:45:41 PM
I think the move towards dedollarization is a complex issue with potential advantages and disadvantages. While adopting alternative currencies can provide greater economic independence and reduce currency risk exposure, there may be negative impacts on the world economy, such as increased volatility and uncertainty and on the other hand the dominance of the US dollar has become an integral part of the functioning of the global financial system, thus sudden shifts away from it can cause significant distraction.
Russia has already tried to declare "war" on the US dollar, especially in the period after the introduction of strong sanctions in the financial sector of the economy. But this further aggravated the deplorable financial situation of the Russian Federation. The transition to rupees in trade with India brought huge losses to Russian oilmen.

As a result of trade with India, Russian oil exporters received large sums of rupees, which, as it turned out, no one needed. Their oilmen are forced to sell at a discount of as much as 10% in order to get at least some revenue.

However, the Kremlin plans to continue to conduct such experiments and instructed Deputy Prime Minister Alexander Novak to transfer oil trade to Russian rubles and Chinese yuan. Now Indians need somewhere to get rubles or yuan instead of rupees! This is despite the fact that India has a negative trade balance with China and the Russian Federation and has no extra rubles and yuan.
It seems that India may simply refuse to buy Russian oil. The Kremlin, following Europe, will lose another major buyer of its energy resources.
525  Bitcoin / Bitcoin Discussion / Re: BTC vs physical gold price potential on: April 23, 2023, 06:37:11 AM

There is an estimated 208 000 tonnes (208 000 000 kgs) of gold available on planet earth. This has been mined throughout history and we can assume that this is not lost. But let's estimate it at 210 000 tonnes to make it easy.

The amount of bitcoin that will ever be available, is capped at 21 million coins. So for each coin that is available, there is 10 kgs of gold available (210 million divided by 21 million = 10)

So in terms of value 1 BTC is worth 10kgs of gold. But given that 10kgs of gold costs 650 000 dollars today and 1 BTC costs 30 000, BTC must be undervalued and still has a potential to 20x from here. So why would people buy gold as a hedge against inflation, when they can buy BTC that is undervalued by a factor of at least 20? I guess the answer lies in confidence and previous experience.

Is any of the above wrong?

Such calculations are generally incorrect, since gold and bitcoin are incomparable things. They are so different from each other that we can say that they are absolutely opposite, except for the high price. There are a lot of things in the world that are less than 21 million, but this does not mean that they can be more valuable than bitcoin or gold.
The price of bitcoin is determined solely by the ratio of supply and demand. It depends only on these indicators how high it will rise in price and nothing else.
526  Economy / Economics / Re: Russia To Legalize Use Of Cryptocurrency In International Trade on: April 22, 2023, 06:44:47 PM
Now the situation is worst in Russia country is having negative effect that's why they are looking for back up. whatever happens happens for a reason. When situation became worst then Russia legalize use of Cryptocurrency in International trade. Very interesting to even hear a country this big and influential consider legalizing cryptocurrency in a public way. I support this. Though I'm sure it's not to the standards of idealists its a great step towards decentralization and innovation on the geo-economics scale
The OP in this thread only pointed out that Russia is close to advancing legislation on the use of cryptocurrencies in international trade. As far as I know, Russia has never legalized cryptocurrency in international trade or in other areas of human activity. That is, there is practically nothing to discuss now. Russia was and is a country where there is actually a complete ban on the use of cryptocurrency as a means of payment, and the situation with respect to cryptocurrency is unlikely to change. They are now panickingly taking all possible measures to eliminate capital flight from the country, and therefore they are unlikely to legalize cryptocurrency.
527  Bitcoin / Bitcoin Discussion / Re: Why does Bitcoiner still support the use of centralized exchanges? on: April 22, 2023, 11:14:42 AM
Yes, bitcoin was initially created as a payment method that could work without a 3rd party. But nowadays, people are considering and using bitcoin as an investment, they are less concerned with the function and utility of bitcoin but only interested in profit and convenience for them. And CEX provides all the services that investors need in the most convenient way. 
Moreover, the market is not only bitcoin, but we also have altcoins, and if you want to invest, buy, sell, and trade altcoins, you must go with CEX. It can be said that it plays an important role in the market whether you use it or not because people still need it.
All participants in the cryptocurrency market live on the territory of a state and are forced to live according to its established norms. Also, probably, no one doubts that almost all exchanges sooner or later will fall under the influence and regulation of states. Therefore, a certain part has already come to terms with this and enjoys a certain protection when using centralized exchanges. Centralization and decentralization will exist together for a long time to come.
528  Other / Politics & Society / Re: Being Russia and Russian now on: April 21, 2023, 08:39:23 AM

From what I heard, Russia has so far mobilized only those with previous military experience and members of the Rosgvardiya. On the other hand, Ukraine has gone through more than a dozen rounds of mobilization and young men of military age are rounded up from their houses and public places and forcibly sent to die in Bakhmut and Avdeevka. Every year around 300,000 conscripts join the military in Russia. They can easily recruit millions of former coscripts, but so far they have restricted their draft to the former contract soldiers.
Your rumors are incorrect. Now on the Internet in the public domain there are many appeals from groups of mobilized Russians and even entire units who complain that they did not undergo any training and do not know how to shoot, but ended up on the front line and they are being driven to storm the Ukrainian fortifications. They were allegedly told that they would maintain order in the rear of the occupied territories, but they deceived them. There are also numerous statements about this by the wives and mothers of the mobilized.
But the result of the impending offensive of the Armed Forces of Ukraine will put an end to this dispute. If everything is so good in Russian soldiers, they should not retreat in panic from the occupied territories of Ukraine next month, right?
529  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: April 21, 2023, 08:25:38 AM
Russia has driven itself into a dead end, from which it will have to get out for years, and maybe decades. Because of the attack on Ukraine and the blackmailing of European countries with the reduction of oil and gas supplies, Russia itself found itself in a trap.
In the first quarter of this year, Gazprom supplied only 6 billion cubic meters of gas to Europe, while in the same period last year this figure amounted to 62 billion cubic meters. Over the past year, the share of Russian "blue fuel" in the European market has decreased from 45% to 7.5%.

The leadership of this Russian company threatened Europe that the price of gas in winter could reach $4,000 per thousand cubic meters. Russian President Vladimir Putin also frightened the Europeans with high gas prices. However, in the last two months, gas in Europe has been trading at $460-570 per 1,000 cubic meters (€40-50/MWh), which has led to lower electricity prices. This was due to the influx of LNG, accelerating the transition to renewable energy and improving energy efficiency.

At the same time, after losing the European market, Russia is forced to sell gas to China at huge discounts. For example, in the second quarter of 2022, gas was sold to the Chinese side at $250 per thousand cubic meters, while fuel cost about $1,000 on European exchanges.
530  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum vs Competitors: Who will lose Relevance? on: April 20, 2023, 08:14:07 AM
Shanghai upgrade is finally happening, but is it too late?  Will Ethereum even be relevant by the time it finishes upgrading?  Or are they taking too long?

Lots of EVM competitors now:
a)  Polygon zkEVM functionality
b) Cardano now has native EVM
c) Filecoin added VM compatibility

Check out our take, and then reply with feedback of your own:
https://www.youtube.com/watch?v=GO4-cOgo7j4
Ethereum was, is and will be the leader of altcoins for a long time. It has a good team and many useful features. Some coins, including BNB, simply copy the functions of ethereum, improving them a little. Now ethereum continues to be updated and improved, and this inspires confidence that this coin will be ahead of all altcoins for a long time to come.
531  Economy / Economics / Re: Bans on crypto now looks like a joke on: April 20, 2023, 06:43:49 AM
Do not underestimate the ability of states to regulate and ban the circulation of cryptocurrencies. In China, as far as I know, the ban on the use of cryptocurrencies is not formalized by the regulations of the government or the legislature. It was at the level of the Central Bank of China - the People's Bank of China, and this is not the same thing. Therefore, where the banking system cannot control the situation with cryptocurrency, the Chinese are relatively easy to bypass such a ban.
As long as the G20 countries adhere to the previous decision that cryptocurrencies do not pose a threat to global financial stability, there is no need to fear serious bans on cryptocurrencies.
532  Other / Politics & Society / Re: Being Russia and Russian now on: April 19, 2023, 01:21:33 PM
Russia as a state and Russians as a nation are now rapidly sliding into an abyss with a long period of economic decline, isolation from the outside world, a drop in living standards, which before that was at a minimum level compared to European countries, and most importantly, the degradation of the psyche and morality.

A recently captured Wagnerian told how, on the orders of his command, he, along with others, cleared the territory in Bakhmut, killing all the local residents, including the elderly, women and children. How the five-year-old girl squealed, whom he finished off with a shot in the head. How he destroyed the captured Ukrainians along with the Russian mobilized, who refused to storm the positions of the Armed Forces of Ukraine, throwing grenades into the room where they were, and then poured petrol over the still alive and set them on fire. The world was already horrified by the atrocities that the Russians are perpetrating in the occupied territories of Ukraine. Moreover, these are territories with a Russian-speaking population, which they allegedly came to liberate from the mythical Nazis, whom no one had even seen in their eyes.
Recently, the network was agitated by a video of a Ukrainian prisoner of war being cut off the head with an ordinary knife, which was deliberately distributed on social networks. The intent is twofold: partly to intimidate the Ukrainians, and partly to provoke a response of anger in them so that the Russians avoid captivity.

Both Russians and Ukrainians will have to live with this, and therefore the gap between these peoples is growing and expanding.
533  Economy / Economics / Re: War: who benefits and how! on: April 19, 2023, 06:51:29 AM
The West has seized Russia's reserve, so Russia is seizing the eastern regions of Ukraine? Have you messed up the order here? Russia took over eastern parts of Ukraine back in 2014, and $300 billion of Russia's reserves in foreign banks were blocked after Russia's full-scale invasion last February.

As far as I know, Russia has also seized a lot of investment from European companies inside Russia. Many large corporations have run in to billions of USD worth of losses each. Anyway, Russia has indirectly benefitted from the war. The price of LNG, thermal coal, wheat and sunflower oil went up steeply as a result of the war and Russian exporters have made large profits as a result of this. Also, the Russian Ruble has got devalued by more than 30% over the last 12 months. This has also helped the exporters to make even larger profits.
If Russia has received any material benefit from the war it has unleashed with Ukraine, then it is temporary. Recently, I saw a figure in the news that only 9 percent of foreign enterprises withdrew their assets from Russia. Russia blackmails and threatens them in every possible way, threatening to nationalize their property if they try to leave the country. Many of the foreign enterprises are ready to take certain losses in order to leave Russia, but it is difficult to sell their property there. As a result, Russia will be recognized as an unreliable partner for doing business, and foreign business will gradually leave Russia.

Earlier, Russia refused to return several hundred civilian aircraft that were leased from other states. But they can only be operated in Russia, and their maintenance is impossible due to the lack of imported components. Therefore, there are more and more accidents and plane crashes, and Russian planes are being arrested in order to compensate for losses. After a short period of time, the Russian air fleet will be practically destroyed.
534  Economy / Economics / Re: Maybe Not Possible For Governments To Get Off Fiat?? on: April 17, 2023, 05:56:51 AM
Maybe Not Possible For Governments To Get Off Fiat??

 Thinking that with the USA dollar as the main reserve currency, That would make it very hard for other countries to get off the USA dollar and other fiat systems if they wanted to.
Such as moving to a money system that has more limited supply.

More less to drop a fiat system altogether for the international business aspect for that countries exports and imports.

The transition to a monetary system with a more limited supply for states is absolutely unacceptable. It is impossible to try to transfer the principles of operation of the cryptocurrency to the fiat system of states. The amount of fiat in the state should be generally equal to the amount of material assets that can be in circulation on the territory of the state. Any deviation causes negative consequences for the economy of states.
The transition to the fiat of another state or to cryptocurrency also negatively affects the economy of the state.
535  Economy / Economics / Re: War: who benefits and how! on: April 16, 2023, 04:03:50 PM
Do not even hope that Russia will win this war. The Russian professional army is almost completely destroyed in Ukraine. Recently there was information that the army special forces of Russia have already suffered losses of 90-95 percent due to the fact that Putin wants to capture the small town of Bakhmut at all costs in order to show the Russians at least some kind of victory. Therefore, Russia threw its remnants of special forces and airborne troops to capture him, which are almost over. It will take at least ten years for Russia to restore these elite troops.

Now, through electronic subpoenas, the Kremlin wants to conscript at least 400,000 of the country's able-bodied population into the army. This will lead to a collapse in the demographic sphere and possible riots.

Most importantly, the Russians do not understand why they should go to Ukraine and die there. With an extremely low moral and psychological state and already with an acute shortage of military equipment and weapons, wars of conquest are not won.
 
Ukraine is still losing territory, recently Russia captured 80 percent of the city of Bakhmut Ukraine Armey is withdrawing from all the cities near the frontline. If Russia has lost 90 percent of soldiers then how this is possible? and Ukraine has recently received advanced weapons from United states and other NATO countries till now Russia has ordered only one round of mobilization on the other has Ukraine has impose  14 rounds of mobilization. For me it looks a safe Russia is having plenty of reserve soldiers  while Ukraine is running out of manpower.
Ukraine has not lost its territories for a long time, and with some exceptions, it is only returning back. In practice, this happened two months after the Russian attack, when the central and northern regions of Ukraine were liberated. In any case, after the mobilization of more than 300 thousand people in Russia in September and the Russian winter offensive, the Ukrainians did not lose their territory.

  The fighting in Bakhmut takes place with varying success, since the Russians make more than a hundred attacks per day, incurring colossal losses. In recent days, the center of Bakhmut, the railway station, the railway was again recaptured from the Russians, the Armed Forces of Ukraine are successfully counterattacking. Both roads leading to Bakhmut are also under the control of the Ukrainian Armed Forces. The Ukrainian army does not retreat in any sector of the front. This information is incorrect. Moreover, except for Bakhmut and Avdiivka, as well as at Svatovo and Kremennaya, the Russians do not attack anywhere else and go on the defensive, since they do not have enough troops or equipment to attack.

Now in Ukraine, the formation of the so-called "Offensive Guard" of about 60-70 thousand exclusively volunteers with experience in combat operations or law enforcement agencies is nearing completion. They will be the shock fist of the spring offensive. In a month or a month and a half, we will see how the Russians will flee in panic from the south and east of Ukraine. It's not long now.
536  Economy / Economics / Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff) on: April 15, 2023, 02:49:37 PM
Rumors about the need to get rid of the dollar are deliberately spread. This is nothing more than political propaganda that has nothing to do with reality. For the first time, a Chinese journalist spoke on this topic, and it was gladly picked up by opponents and competitors of the United States. All fiat currencies are now experiencing difficulties and inflation after the coronavirus pandemic and the intensification of various cataclysms in the world, including artificial ones, such as wars. The dollar may weaken a little, but this does not mean that it will lose its role as a world reserve currency.
537  Economy / Economics / Re: Eu Cina vs USA russia oil vs Green energy on: April 15, 2023, 09:37:44 AM
In my opinion, even China will not be able to capture all of Russia. 

First, the Chinese army has no combat experience.  In practice, the Chinese army may prove to be an ineffective structure (even taking into account its large numbers). 

At one time (until February 24, 2024), I listened to Strelkov-Girkin's arguments about how he planned to annex the territory of Ukraine to Russia.  And I understood from his words that in order to manage and control such a large territory, a lot of people are needed - soldiers, policemen, etc. 

And this is subject to the complete destruction of the regular army. 

And in order to capture and control such a vast territory as Russia, such a huge army of security forces is needed, which even China does not have. 

By the way, this is one of the reasons why foreign intervention against the young Russian Republic at the beginning of the 20th century failed.
It is hardly worth agreeing with your opinion. Almost the entire combat-ready army of Russia perished on the territory of Ukraine. That is, the military experience of the Russians was very short-term. In Russia, they continue to mobilize those who do not have combat experience into the army, and they are almost immediately thrown into the assault on the fortified positions of the Ukrainians, where they die ingloriously. Now the opinion is being expressed that two or three brigades of the Armed Forces of Ukraine may well be on Moscow and capture it. After all, there are no longer any significant military formations in Russia itself. That is why the Kremlin is now demanding a truce through the mouths of Lukashenka, Orban and other assistants.
China, with its population of almost one and a half billion people, can easily capture the whole of Russia without any problems. But China has the opportunity to do this not by military means, but by purely economic means. Apparently, the bet is already being made on this option.
538  Economy / Economics / Re: Sanctions at work:Russia posts its second highest deficit in the post-Soviet era on: April 14, 2023, 06:19:49 AM

Russia did not need Donbass, it did not want to take it, and for 8 years it tried to resolve the issue through diplomacy within the framework of the Minsk agreements. And then it suddenly became clear that neither France, nor Germany, nor Ukraine were going to fulfill the obligations they had voluntarily assumed, but were simply playing for time so that Ukraine would prepare for a war with Russia. Well, I'm glad you got what you wanted, now don't complain. They did not want to give Donetsk and Lugansk a little more autonomy and the ability to speak their native language freely - so much the worse for you.
Ukraine is a unitary state and therefore there can be no autonomy in it regarding the structure of state power, the presence of law enforcement agencies with special powers, and so on. What happened to all the autonomies, where the Russians speculate in the Russian language and the Russian-speaking population, we have already seen in the example of the so-called Transnistrian Republic, North Ossetia, and so on. Russia provokes a conflict on the basis of language and under this pretext introduces its troops and promotes its state interests.

  In the situation with the Donetsk and Lugansk regions of Ukraine, the task was somewhat different. Russia wanted to achieve extensive autonomy in these areas with its own authorities, law enforcement and judicial structures and then transfer the destroyed territory back to Ukraine, so that by representing this autonomy in the Verkhovna Rada of Ukraine, blocking Ukraine's entry into the EU and NATO. But the plan of Russia was not destined to come true.

In the future, there may be several state languages in Ukraine, but not the language of the occupier. It is already proposed to introduce, in addition to Ukrainian, English as the second state language. This will forever put an end to possible further Russian aggression on the basis of the Russian language and the Russian-speaking population. By the way, already now the population of Ukraine, including the eastern regions, is voluntarily trying to switch to an exclusively Ukrainian language so as not to experience another "Russian spring" anymore.
Wet fantasies of Ukrainian nationalists do not agree well with reality. Ukraine is a multinational state, it has regions with a predominance of ethnic Russians, Poles, Hungarians, Romanians. If Ukraine insists on its unitarity, it may cease to exist as a state altogether due to the strengthening of centrifugal tendencies. What is actually happening now.
As Wikipedia says: a unitary state is a form of government in which the state does not include any state entities with elements of sovereignty, and its constituent administrative-territorial units are subordinate to single central authorities.
 
This form of government does not at all contradict the multinationality in this state. Now almost any state is multinational, because in open civilized states, thanks to the current technical progress, people of all races and nationalities move freely. And this does not mean at all that the representatives of all nations in each state must necessarily have separate elements of their sovereignty.

Although Russia is a federation according to the Constitution, in fact it is more suitable for the classification of a unitary state, since the nations and nationalities representing it do not have any real rights. Moreover, now Russia is more like a monarchy, which is single-handedly ruled by the monarch - Putin. He makes sole important decisions, and all other state democratic institutions are actually subordinate to him. The central government rests on repressive law enforcement agencies that suppress any dissent. So, in fact, only Putin and several other persons close to him made the decision to invade Ukraine militarily. And to go out into the streets with slogans for peace and against war, for this any citizen faces a long prison term.

But failures in the war against Ukraine inevitably cause centrifugal tendencies, and it is precisely this that Russia should be afraid of in the near future.
539  Economy / Economics / Re: Russia and others, move to use Yuan instead of dollar. on: April 14, 2023, 04:41:42 AM
Russia have conflict with European countries and United State, seems they have planning for longer time move to use Yuan instead of using dollar, another good news from south asian or ASEAN zone try to use new payment system and move from dollar to other currency but still in progress not have final decision move from using dollar.

I don't know will bring positive or negative impact if many countries leave using dollar and move to other currencies kinds, however United State will not stop make war or anything else about how their currencies not adopted by many countries payment transaction. For Russia have planning last than one year after European countries suspend Russia due invasion war to Ukraine.
If everything was good with the economy in Russia, then it would use its own ruble in trade relations with other states. But since the Russian ruble has become toxic and no one needs it, Russia has to support the economies of other countries using their national currencies. But Russia does not use the dollar or the euro, not because it does not want to, but because the imposed sanctions and the disconnection of its banking system from the international payment system SWIFT do not allow it to do so.
It is no coincidence that Russia is now demanding to reconnect Rosselkhozbank to the SWIFT system, in exchange for the extension of the "grain agreement" for the export of agricultural products from the ports of Ukraine.
540  Economy / Economics / Re: The Impact of Climate Change on the Financial World Where Will the Crypto World? on: April 13, 2023, 08:12:44 AM
If we do not take climate change and its negative effects very seriously and take the most decisive steps, then humanity will shrink and die out at a rapid pace. It will no longer be up to finance and not to cryptocurrency. Natural disasters will intensify: earthquakes, volcanic eruptions, fires and floods, storms, tsunamis and other natural phenomena will intensify and become commonplace. Part of the continents around the planet will go under water. Governments will not be able to oppose these phenomena. Therefore, there is no need to calculate how expensive it will be for us to switch to alternative energy sources. All this is a trifle compared to what nature can show us in the near future.
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