Latest posts of: Gyfts

Quote from: el kaka22 on September 29, 2021, 08:14:23 PM

Back in the day there were Crusades by Christians to middle east for religious reasons, it wasn't purely religious of course and more like a power trip but at least there were religious reasons given to public. Nowadays western nations destroy middle east for money, there are other reasons given like "nukes there!!!" which turns out to be wrong but at least they are known to do it for money reasons.

I seriously do not see any difference between the two, if there were zero money to be made from middle east then no western nation would ever attack middle east, they really do not care what's going on there unless they could make a buck out of it. Hell even if it is not directly profitable, they would at least do it so that the money they are spending on military wouldn't be a waste but could be used in a war so that they can justify it, so in the end even that is about money.

You could make the argument that imperialism is the new religious dogma. Instead of worshiping a god, it was replaced by capitalism. Most wars in human history were out of ideological disagreement, not necessarily a fight for natural resources. Apply modern day human morality, disagreeing isn't a reason to go to war. The justification has been swapped quite simply by the need for, say, oil.

A lot of psychology is junk science, but I gave the paper a shot and briefly reviewed it here: https://www.sciencedirect.com/science/article/abs/pii/S0191886921008321

First of all, a rather small sample size. A bit over 500 (some would argue it's enough, I don't).

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Machiavellianism was associated with buying intention which was mediated by conspiracy beliefs. Machiavellians were more distrustful of government which was associated with a greater desire to buy crypto.

So crypto investors/users really are just conspiracy nuts that distrust government based on false beliefs. The above statement is pulled directly from their abstract. The amount of times I've heard academia call ordinary people conspiracy theorists for not confining themselves to the dogmas of their ideology are too many to be counted. Not everything is a conspiracy.

Quote from: mildmanneredsuffering on April 12, 2022, 01:57:18 AM

self defense of the economic whole?

Self defense of the economy is different from self defense of an imminent threat. An imminent threat you have the innate right of defending yourself. Economic terrorism probably isn't an imminent threat if you're referring to economic hardship. Literal terrorism is another discussion.

Imperialism is self defense of the economy. Invading a foreign country for oil is self defense of the economy. None of these are justifiable.

Quote from: franky1 on April 12, 2022, 02:44:45 AM

at the point of oil reserves getting low causing the US to invade the middle east many times in the last 40 years

This is taking self defense too literally but to some American politicians I'm sure this falls under self defense of the economy. Self defense at the expense of others.

Quote from: Vaskiy on April 12, 2022, 01:44:23 PM

Due to invasion of Ukraine by Russia the world market declined for some time period. Further sanctions on Russia made the people and the government suffer as they weren't able to make any transactions. As a result Russian people started to use bitcoin. This continues to the extent of Russia making a decision on selling oil and natural gas in exchange for Rubles. As most of the western nations import oil and natural gas from Russia, there is big issue and every Countries contempts it. One amongst is Germany.

Now Germany have come up with plans of looking for alternative sources of energy and phase out its reliance on Russian oil and gas in the wake of Moscow's invasion of Ukraine. The plant, with 5,800 modules on 360 floating elements, will go into service on May 24. Following this we can see more countries getting into the generation of alternative energy source than depending over Russia.

German firm builds floating solar plant on quarry lake

This is the wrong approach, but not unexpected. Green energy won't meet immediate energy demands. Germans will face higher prices because they'll need to sink the cost of R&D involved in green energy expansion and invest in the infrastructure. The ROI happens over decades. If they were smart they would not have depended on Russian oil to begin with, but the Germans laughed when Donald Trump suggested Nord Stream 2 construction wasn't a good idea.

Quote from: mindrust on April 12, 2022, 05:44:34 PM

It is not slowing down.

US inflation climbed to 8.5% in March, highest rate since 1981

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Prices in the US climbed at their highest rates since 1981, rising 8.5% over the year to the end of March as the war in Ukraine drove up energy costs for Americans, the labor department announced on Tuesday.

The latest Consumer Price Index (CPI) – which measures the prices of a basket of goods and services – comes after the index rose by 7.9% in the year through February, the fastest pace of annual inflation in 40 years.

Haven't that fucking retarded dovish bitch Powell said that inflation was "transitory"? Transitory like transitioning from high to higher? Is this what he understands from this word?

The FED has 2 choices in hand:

1- Kill the markets, save the dollar
2- Kill the dollar, save the markets

They can't save both the dollar and the markets.

It's called the "Putin price hike" according to the Joe Biden White House now.

https://tradingeconomics.com/united-states/inflation-cpi

The effects of the war would have not been immediately felt, of course, but how they are able to lie about the trajectory of inflation with impunity is beyond me. Upward trajectory since Biden got elected, nearly 1.5 years of data.

USD is worthless. The U.S. apparently believed spending 6 trillion dollars to artificially stimulate the economy over a COVID infection fatality rate of .1 percent was appropriate. Of course, they will never admit they were wrong about their risk calculation, they blame Putin instead.

Quote from: kryptqnick on April 08, 2022, 07:35:09 PM

I can't make up my mind which country you're talking about: US or Russia? Printing money is more of a US thing, but Russia is the country that is suffering from sanctions, certainly not the US.

Sanctions aren't a magic wand. If the U.S. sanctions Russia, Russia and other countries are less incentivized to use USD. That's not good for business. Cutting off Russia as a trading partner isn't good for business either. The world's reserve currency is USD, but if American politicians continue to inflate their currency and freeze assets, there won't be any use for USD as a global reserve currency.

https://money.cnn.com/2018/07/30/investing/russia-us-debt-treasury/index.html

Russia has been dumping USD for a long time. They anticipated all this.

The ADL's definition of racism keeps changing depending on how well it fits political narratives. This was definition of racism according to the ADL post George Floyd: "the marginalization and/or oppression of people of color based on a socially constructed racial hierarchy that privileges White people."

It isn't enough for an individual to believe inferiority or superiority based on race, it's now about marginalization. So you can be racist with any intent or without any belief of racial superiority. If there's inequity in any system, and you might contribute to that system, you are guilty of racism. The colloquial beliefs of racism were thrown out for CRT.

Quote from: af_newbie on January 13, 2022, 02:40:58 PM

BTW, the logical reason for vaccinating everyone is so that everyone gets antibodies without getting infected with the virus.

Everyone doesn't need it. Children absolutely don't need the vaccine, and there's emerging evidence of inflammatory properties that the vaccine and boosters are causing in children. Sweden has not recommended that some children, I believe 5-12, take the vaccine for this very reason. Most healthy people wouldn't need the vaccine either but took it anyways. Their choice, they probably never knew their relative risk from COVID to begin with. Older folks need the vaccine and probably need boosters. With omicron, none of this vaccine discussion matters. Vaccines are hardly effective at all with the new variant. We'll just restart these vaccine discussions when the "omicron" vaccine releases. Most people are done with COVID.

Quote from: coolcoinz on March 27, 2022, 08:35:10 PM

Macron has already criticized Biden for verbally attacking Putin. I don't get the French. On one hand they conduct nuclear tests, put nuclear submarines on alert, on the other they are afraid of Calling Putin a murderer that he is.

It was quite something to see the White House immediately walk back Biden's comments about Putin being a war criminal and how he needed to be ousted as the Russian President. Macron is level headed, taking the precautions he needs in the event of a nuclear war but also recognizing reckless comments by Biden which escalate the situation. French may not doing but, but they're doing better than Biden.

If Putin were to fear a legitimate threat of regime change by the U.S., he would use nukes before involuntarily resigning (or getting assassinated, U.S. loves those).

Quote from: Oluwa-btc on February 28, 2022, 12:36:18 PM

8 ) If Bitcoin fails, Capitalism Fails
There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin.

I agree with most of this list except for this. Capitalism did not immediately invent itself post Bitcoin creation. Capitalistic principles have existed for centuries with the most modern capitalistic societies doing fine without Bitcoin. That's not a slight directed at Bitcoin because crypto can enhance capitalism, but this is a bit of hyperbole.

Now, if you're referring to major central bank collapse which would cause business ownership to plummet, then yes, Bitcoin would save capitalism. We aren't there yet.

Quote from: Zilon on March 16, 2022, 07:59:10 AM

Unlike other general asset that depends on quality to quantify it's value, bitcoin makes more sense based on how many btc you have not just how much of it. The earlier investors come to appreciate bitcoin based on it's own personal value not based on it's fiat value the better for their investment skill. The goal when it comes to bitcoin investment should be focused more on owning more coin not even on what the price is in relation to fiat

There are always huge promising future for bitcoin so even in the dip the target should be focused more on when to sell so as to buy more coin. buying shouldn't be a focus of the fiat value but rather a focus of how many btc is available in your custody. To get the best of Bitcoin investment the focus of how many of this coin you are investing should be the major concern and not the fiat value thereof.

So if you have 10 BTC in 2009 you shouldn't be concerned about how much (value) the BTC is? Doesn't make sense to separate quality and quantity. They're dependent on each other and one is worthless without the other.

The only reason someone would be satisfied with how many coins they have is if they anticipate they'll be valuable in the future. No one is satisfied with crypto that's worthless. Have one million of any coin that's worth 1/100000th of a satoshi and ask them how they feel about having a million coins.

Quote from: Zilon on March 16, 2022, 07:59:10 AM

For example if you own 0.1btc whose value is $4042.79 at the moment of posting and the price eventually drops the panic shouldn't be the fallen price, it's best to sell at a lower high and buy back at a lower lows in all the concern should be to get more coin, taking advantage of the dip to buy more. The major concern for bitcoiners is to make profit no matter the market trend. Every investor always anticipate to be in profit no matter the trend and the only way out is focusing more on the quantity and not the value

Buy high, sell low, is what you're saying. Your phrasing is a bit odd.

Quote from: Zilon on April 08, 2022, 03:41:37 PM

But with the insecurity and economic crisis hitting the world from all angle is it still safe to agitate for a complete decentralized society ditching the fiat for bitcoin. I only see both existing together with more preference on decentralization but my concern is if man is matured enough to handle the innovation or are you also seeing the abuse of privacy coming along with it

I am pro-capitalism so I wouldn't mind an economic system in which Bitcoin and fiat co-exist, with Bitcoin acting as a competitor to traditional currencies to keep them in check. Fiat, or digitalized currencies will exist regardless if Bitcoin is mass adopted. You don't need to be a pro-BTC absolutist to recognize its merits as a global currency while also including in the conversation the probability that fiat will be around.

With the way things are looking, fiat currency will be rebranded as CBDC's and those digital tokens will then compete with Bitcoin. If a country has the economy to sustain the competition, I don't see an issue. Let the consumers decide whether they'd rather keep their funds in crypto or fiat. With how irresponsible is, it shouldn't be a hard choice.

They could if they wanted, but there isn't an incentive for anyone to adopt a ruble based CBDC. If they want to create a system that is more immune to sanctions, would seem a whole lot easier just for people to adopt Bitcoin instead. Perhaps I'm being shortsighted - if the ruble is increasingly becoming worthless, digitalizing the currency serves no purpose. It's not as if ruble is a reserve currency. CBDC's just give more central authority to the major banks. Problem with the current sanctions is that their economy and assets are being frozen, a CBDC won't fix any of this.

Zelenskky has fired generals as well: https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-04-01/card/president-zelensky-fires-two-generals-cASwBg7pfy4FKlh2f25t

For the same reason you mention above, traitorous behavior. Doesn't seem likely to me that Putin's own officials would turn on him. What's more likely is that Russia is getting humiliated on the global scale and their military is losing thousands of troops by a country that was not well equipped to handle an invasion. He's firing them for their incompetence.

Quote from: KingScorpio on April 07, 2022, 09:00:07 PM

stop denying its existance we all know the woke are out there maybe you are one of them

It does exist. I am not mentally ill to be on the modern day far left. I am suggesting that the ideology is fringe but for politicians that use social media to extend its reach under the false pretense that it represents the views of ordinary people. College aged antifa rioters doesn't usually make the rounds in global media. No one cares about them. The entire far left movement falls apart if social media were to seize to exist.

Doesn't seem like a logical hypothetical. Would you combine commodities like gold and oil together? Each crypto is a single entity with an independent protocol. If you're talking about a hypothetical "if alt coins never existed" and assumed the value of every other alt coin would translate to Bitcoin, it wouldn't. Bitcoin doesn't have intrinsic value.

Quote from: bitmover on April 07, 2022, 09:23:24 AM

Mrketcap is a very useful metric that is used not only in cryptocurrencies but in stocks as well. It is used to create indexes, for example

Market caps can be inflated. No use in measuring the legitimacy of a crypto currency using market cap.

Wokism only exists in the far left wing radical circles, mostly on the internet. These folks will leave their shells every once in a while to venture out into the real world, but it goes poorly. Problem is that many politicians use the internet to gauge their constituency - so it would appear that issues exclusive to the far left are issues would be issues important to ordinary Americans. Far from the case.

The fact the U.S. had a national discussion about abolishing/defunding the police when black people polled in high crime communities overwhelmingly wanted *more* police, not less, tells you the disconnect.

Quote from: KingScorpio on April 07, 2022, 06:56:20 PM

Wokism is a racist

As in CRT, then yes.

Quote from: 325btc on April 07, 2022, 08:34:51 AM

Putin will not stop and the next countries will be finland and baltics countries becouse he have exacly instructions and funds and as we know when you get the job you have to finish your job you have to complete the job 100% otherwise you dont get payed so faster the putin doing his job the faster he can go to vacation and getting his money for job done so they can send other one for doing their job and who it will be ? China off course and how do we know

Finland is opening the door to the idea of joining NATO and their concerns are not unfound. Russia may or may not take Ukraine, then 10 years down the line the next leader after Putin decides to put additional pressure on European countries that might be geopolitically opposed to them. Too many people are not thinking beyond the scope of one or two years, as if they might have forgotten the more recent wars that've taken years before coming to a conclusion. Russia's ambitions may not stop with Ukraine.

On the other hand, China is formulating a plan to invade Taiwan, seeing how the Russian war with Ukraine went (little to no international response). It will be amusing to see the shock on world leaders' faces when this happens. They seem to be ignoring China as a global threat.

Quote from: Branko on April 06, 2022, 06:58:40 PM

...

Ironically enough, Putin is demanding that Ukraine remains neutral and disarm themselves in order for the war to end. You don't think Russia wouldn't immediately invade once more after some number of years when Ukraine is fully demilitarized? If you don't think trusting the West is a good idea, fine. Putin wouldn't be the lesser of two evils though.

Quote from: franky1 on April 02, 2022, 02:25:14 PM

the three main things that are hindering world wide adoption are:

1. over 50% of the world are on low income. meaning their minimum wage is less than half of the minimum wage of developed countries

The technical aspects of your argument may or may not be a hinderance, but most people would never get to that point because of the world wide poverty that exists for almost every country outside of Westernized developed countries. The goal for poverty stricken citizens is not to adopt a new currency or to invest for future wealth. Their vision does not extend that far. They live each day trying to get enough resources to have enough to eat.

Bitcoin isn't suppose to take people out of extreme poverty nor would it matter if the extremely impoverished adopted crypto. There isn't a large amount of wealth controlled by these folks. World wide adoption really only includes the major players, US + EU and China.