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1601  Economy / Speculation / Re: Why the dump? (Dec 03, 2021) on: December 04, 2021, 06:45:32 PM
Thought the omicron variant was responsible for the initial dip which threw a wrench at the price, then induced the current dip though the general panic I've seen over what will end up being a modest correction isn't warranted. Moving forward all it will take is announcing a new variant to send the markets tumbling, even if a new variant isn't dangerous at all. BTC's price is more complicated than a single issue, but the way all markets are reacting to Covid makes it a problem.
1602  Economy / Economics / Re: Debate: Bitcoin vs Gold with Anthony Scaramucci and Peter Schiff on: December 04, 2021, 06:41:27 AM
Kind of the arguments that are used to diminish bitcoin are actually counter arguments. Example: bitcoin is just a string of numbers. Sure, and gold is just a metal with not that many applications other than looking good and making great electrical contacts. The problem is that we are so used to certain things such as the money and gold that people even believe that these actually have any intrinsic value on themselves other than the one that comes from adoption, supply and demand. It takes a mental leap to break from that and not everyone is able to take it.

Not a great rebuke, Bitcoin is in fact a string of numbers with no inherent value. The value of gold isn't necessarily determined by its usage in manufacturing products, but there is inherent value with gold with respect to its real world applications, though the price of gold is inflated because we determine it to be a precious metal.

The premise of comparing Bitcoin to gold is a tad bit flawed, because for the most accurate comparison you could do Bitcoin and something like fine art.

Take the Mona Lisa, for example - The Mona Lisa is objectively worthless if you define value as concept applicable to the real world uses of any given item. Yet it's worth nearly 1 billion dollars because we say it has value. Bitcoin works the same way -- so the easiest way to prove Bitcoin has value, despite it being useless by virtue of real world applications is to provide the counter argument that we assign value, at times arbitrarily, to a multitude of things like fine art.

This argument could be used for NFT's as well, which I'm not a fan of, because people sell their Microsoft Paint art for thousands due to an inflated market like gold, but there are some nuances between NFT's and fine art.
1603  Economy / Economics / Re: Bitcoin Economic Advantage on: December 04, 2021, 04:35:59 AM
This prevails in most third world countries where there is big economic problem, particularly unemployment. Cryptocurrency gave access to earn something than nothing during the lockdown when more number of job cuts took place. By the time some were lucky to make it a better earning out of luck/knowledge acquired on blockchain and cryptocurrencies.

The need for blockchain developers have increased a lot, and the same have made College/Universities offer more number of courses for blockchain related studies. In my view it hasn't made people to be economically independent, big it has added some earning to make life better.

Education in conjunction with poverty. Bitcoin is not a factor in 3rd world countries and never will be. They're not well adjusted, have no technological advancements, and their economies aren't close enough to warrant crypto usage. The goal of a 3rd world country is not wealth, it's survival. You use Bitcoin if you have wealth within a working economy and want to preserve it, you don't use Bitcoin to survive. That's not to say that lockdowns didn't effect 3rd world countries, but the GDP lost was nothing compared to the top leaders in China, NA, and EU regions.
1604  Bitcoin / Bitcoin Discussion / Re: Crypto Community is Lit on: December 04, 2021, 12:51:21 AM
The 97 year old man says China made a right decision on banning bitcoin.

Never heard of this guy, but doesn't it say something that many of the anti-Bitcoiners are elderly folks, frail, and on the verge of dying from old age?

I don't have much hope for the newer generation given their politics, but for some, the only thing I have faith in is they share a common distrust of government, and have animus towards the establishment . It's generally the establishment that likes to fiscal control and wants regulate bitcoin because they see it as threat. It's the common people against the government that make up the "true" crypto community.
1605  Other / Politics & Society / Re: Ghislaine Noelle Marion Maxwell on: December 03, 2021, 10:49:13 PM
...

Hmm, good list. But Trump is not here? Must not have gotten logged.

Anyway, the defense angle here has been that Maxwell must've been ignorant of all the sex trafficking that Epstein was doing, yet here she has 400 flight logs, the most of anyone. The pilot described Maxwell has being the next in the hagiarchy of Epstein's social apparatus.

I guess she really must have liked the plane, surely has nothing to do with trafficking children the defense will argue  Roll Eyes
1606  Other / Politics & Society / Re: Share your story: what would you do when vaccines get mandatory? on: December 03, 2021, 10:43:11 PM
@Gyfts: a prediction: don't expect revolution from unvaxxed people who need the vaccine. But what about those unvaxxed who don't need the vaccine?

My theory is that the group of those unvaxxed that don't need the vax are so small that any rebellion effort would be squashed immediately. And really, the only place where you actually "fight back" are in democratic societies through legislative efforts. I'm only suggesting that the ones that are crazy enough to get violent in their efforts are those that are in such poor health, a flight of stairs would result in cardiac arrest. So we don't need to worry about those folks.

Now, if the common sensed vaxxed population who believes in personal choice and freedoms come together with the unvaxxed crowd, you have a decent chance at defeating mandates. But given how polarizing this is, hardly any of those people left.
1607  Other / Politics & Society / Re: Share your story: what would you do when vaccines get mandatory? on: December 03, 2021, 08:35:06 PM
The extent of the vaccine "mandates" will be public shame mostly, isolating the vaxxed and the unvaxxed and pestering the unvaxxed population into conformity. Any "rebellion" that will come from these people will be little to nothing. In fact, most of the people that need the vaccine that refuse to get it are already disgustingly unhealthy, hardly mobile, so I don't expect these land masses to be at the forefront of the revolution.

Australia is so far the most authoritarian, they are gathering up the infected and locking them up in "camps." And so far, their population is accepting it as the new normal. If the Australians are indicative of how anyone else in the world will react, expect nothing.
1608  Bitcoin / Bitcoin Discussion / Re: Governments planning a Crypto Crackdown? on: December 03, 2021, 04:23:01 AM
I'm not too worried about that. So far, crypto is also running between 2 camps with different perceptions. There have always been people who hate and love crypto. Even those who hate it are not few, they are almost equal in number to those who love crypto. The crypto crackdown plan by the government seems to have quite an impact later, but I believe crypto will continue to survive any situation that pressures it. Plus the news from the US that will make rules if Bitcoin mining will be criminalized this also seems to be bad news. But don't be discouraged because many other countries actually fully support the existence of cryptocurrencies even though they are mining.
The government won't stop crypto but rather take control of it. And that is why they will implement strict rules and discourage people to invest in crypto because they failed to control it.

In the situation where we hear about FUDs, bad news, or anything that ruins the market, we feel bad and sometimes get emotional but if we trust crypto (especially Bitcoin), that seems everything going fine and makes us calm. That is simple, I don't make those things a big deal, instead, I just ignore them.

They can't take control over it, they will dabble in the crypto market through CBDC's (which aren't a true crypto currency but comparable), and then they'll regulate true cryptos like Bitcoin into the ground by taxing its use, or outright banning it. The government will tell you their intention is to regulate, but regulation is the first step down the slippery slope of an outright ban. I don't think people should casually make concessions about their country regulating crypto.

I've seen people defend India by stating they're not banning Bitcoin, merely regulating it. Since when has the government ever rejected the opportunity for more control over citizens?
1609  Bitcoin / Bitcoin Discussion / Re: Ross Ulbricht is releasing an NFT collection for a charity on: December 02, 2021, 08:28:48 PM
Was Ross Ulbricht ever explicitly pro-Bitcoin? His Wikipedia page described his libertarian bend on economic theory and his belief of a commerce platform with complete anonymity. Bitcoin isn't necessary anonymous, every transaction is recorded and of public record.  Life sentence seems harsh, though the US likes to make examples out of anyone involved in drug related crimes so there isn't a chance in hell he's ever going to get out.
1610  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: December 02, 2021, 08:14:32 PM
https://www.msn.com/en-gb/health/medical/scientists-discover-smoking-gun-link-between-astrazeneca-vaccine-and-lethal-blood-clots


Possible mechanism between AstraZeneca vaccine and blood clotting mechanisms identified with delivery vehicle being the culprit.

The vaccine components of the AstraZeneca vaccine are housed within an adenovirus shell, and this adenovirus shell is believed to have a sort of coagulating effect with proteins in the blood which lead to clotting. Article says 73 deaths out of 50 million vaccinated in the UK due to blood clotting. No one is at major risk, but it's the reluctance to accept the vaccine has side effects, potentially worse than that of Covid, that is not on the table for discussion. Because something makes it out of clinical trials does not mean it is immune from critical analysis and scrutiny.

I recall yesterday there was an abstract on the link between heart inflammation and one of the vaccine types - it quickly received scorn from scientific "experts," forcing fact checkers to clarify that the paper was fringe and based on lackluster evidence. Of course, research that may be flawed but happens to lead to politically feasible conclusions is universally accepted without any critique.
1611  Other / Politics & Society / Re: Are Human capable of creating a deadly Virus? on: December 02, 2021, 05:13:11 PM
What evidence? Someone saying it was natural? China hasn't given out any evidence about its origins at all, and they didn't allow WHO to investigate for the obvious reason that it probably was not natural. It's been confirmed that bat coronavirus research was conducted at the Wuhan Institute of Virology, and so what counter evidence would at all suggest that it was released from the wet market? Have they identified a patient zero? Have they even identified the exact wet market? Where is this growing body of evidence?

Apologies, I should explain. When text appears blue, this means it links out to somewhere else. In this case, to a report of the latest study.
If you want another link, this time with pictures, then a similar article in the LA Times (that's a link) may be useful.


As I say though, nothing is proven yet... and maybe we will never have definitive proof either way. But I am interested in your reaction to my post. You seem quite emotionally invested in the 'lab leak' origin, despite the dearth of evidence. What is it that makes you so sure that this is the explanation? Can't we just look at the evidence before arriving at a decision? Personally I believe that a natural origin is more plausible, but I'm certainly not saying it can't have been a lab leak.

The original link was a paywall'd article, but anyways, there wasn't any evidence in there regardless. You're giving the politically correct lefty view of where this virus came from, just not rooted in any evidence or any reality.

Here is China's Covid data - https://www.worldometers.info/coronavirus/country/china/

Where they claim the initial outbreak occurred is as believable as their current Covid case load, complete nonsense. They kicked out any journalists from the country and silenced their own doctors from talking about the virus. Proximity of confirmed cases that the Chinese government themselves report is the weakest evidence for the origin of this virus. That doesn't tell you the origin. You characterized the wet market theory as being supported by a growing body of evidence, it's quite the opposite. More evidence is suggesting that it originated from a lab than anything else.

You seem quite emotionally invested in the 'lab leak' origin, despite the dearth of evidence

There is more evidence this originated in a lab than it did at a wet market, I figured you would have noticed that when linking the LA Times and WaPo, two far left pseudo journalist organizations, as sources.

Here is a good write up, by a left wing news outlet, in fact, which covers a lot of the odd coincidences of the Wuhan Institute of Virology and bat coronaviruses.

https://www.theatlantic.com/ideas/archive/2021/11/lab-leak-covid-origin-coincidence-wet-market/620794/ No paywall.

And here is another summary of the gain of function research involving bat coronaviruses - https://www.theatlantic.com/science/archive/2021/09/lab-leak-pandemic-origins-even-messier/620209/


1612  Bitcoin / Bitcoin Discussion / Re: When Religion and Finance [Bitcoin] Overlap and Clash on: December 02, 2021, 04:41:49 PM
The group of Muslims that stand against the use of bitcoin connecting with the religious morals coming up with opposition serves as a promotion for bitcoin among the Muslims who haven't known about bitcoin. Very limited number of Muslims, Christians, and other religion people follow their holy book. So, this is up to the users whether to use bitcoin or not.

It isn't clearly mentioned about the respective phrase that briefs about the uncertainty and wagering. If so, stocks too have the same features. With cryptocurrency it is found high whereas with stocks this can be found low. This is some form of fear among the islamic leaders and they try to keep the common man under control in the name of religion.

Islam requires a strict adherence to the Quran, and it is not permissible to gamble from most Islamic interpretations, so technically Bitcoin would not work in any Islamic society. Christian societies, or any westernized society predicated on Judeo-Christian values won't have a problem implementing a bitcoin based financial system. Even the moderate muslims that hardly follow their holy book would probably be against Bitcoin. You think any country in the Middle East would ever willingly adopt crypto? 
1613  Other / Politics & Society / Re: Coronavirus Outbreak on: December 01, 2021, 09:39:22 PM
US detects first coronavirus variant Omicron in California, crypto markets begin to sink.

https://www.cnbc.com/2021/12/01/us-confirms-nations-first-case-of-omicron-covid-variant-in-california.html

A mild cold now dictates the crypto markets, isn't that something? I was reading what the South African doctors had to say about Omicron, and to no one's surprise, they had admitted there wasn't evidence the variant was any more deadly than variants seen before. The transmissibility is still being investigated. And so the question remains, when exactly do people want to let Covid go? Does it become a new game of announcing the variant of the season, watching the markets tumble and recover, then rinse and repeat for eternity?
1614  Other / Politics & Society / Re: Are Human capable of creating a deadly Virus? on: December 01, 2021, 07:46:01 PM
We can't absolutely rule out the lab leak theory, but a growing body of evidence suggests that the origin was natural, and it spread out from the wet market

What evidence? Someone saying it was natural? China hasn't given out any evidence about its origins at all, and they didn't allow WHO to investigate for the obvious reason that it probably was not natural. It's been confirmed that bat coronavirus research was conducted at the Wuhan Institute of Virology, and so what counter evidence would at all suggest that it was released from the wet market? Have they identified a patient zero? Have they even identified the exact wet market? Where is this growing body of evidence?
1615  Bitcoin / Bitcoin Discussion / Re: are crypto owners naturally paranoid? on: December 01, 2021, 02:27:39 PM
A day trader should be paranoid, I see no reason why any crypto holder should be paranoid unless they are dumping their entire savings into crypto and gambling on its value for short term gain. This is also the reason why people panic sell. I don't understand the logic, having such an extreme paranoia that you'd rather sell at a loss or undercut yourself because you cannot incur a temporary loss with almost a guarantee that the market will recover. At that point you may want to stop trading.
1616  Other / Politics & Society / Re: Ghislaine Noelle Marion Maxwell on: November 30, 2021, 08:51:12 PM
https://www.dailymail.co.uk/news/article-10256453/Epsteins-relationship-Maxwell-personal-business-says-Lolita-Express-pilot.html

Epstein pilot testifies in Maxwell trial, states former Presidents Bill Clinton and Donald Trump flew on private jet owned by Epstein. Bill Clinton flew multiple times in fact. Asked if he witnessed any sexual activity by the prosecution, pilot answered no, stating the cockpit door was always closed.

This pilot made a lot of money from Epstein, had his children's tuition paid off, and even hosted his daughter's wedding at a property owned by Epstein. Does anyone really believe he is ignorant of any and all illegal activity of Epstein for years after being his personal pilot, and making millions off it?
1617  Other / Politics & Society / Re: When will the vaccination end? on: November 29, 2021, 10:17:20 PM
The reason for YOU to take the jab is for THEM to have a safe life.

I can't help but laugh when someone makes the case that someone else needs to be vaccinated in order for them to be protected. If that is your strategy for public confidence in the vaccine, then you're failing miserably and hopelessly. Something like 99 percent of the adult population, and children above 5, can get vaccinated. And so there is no reason for anyone to be concerned about someone else's vaccination status. If you are so concerned, that suggests to me like you don't have any confidence in your own choice to get vaccinated, or an unrealistic fear of the chance of death from Covid following vaccination. There is no consistency from these people.

"You must get vaccinated to protect ME."

Good luck with that message, hope it goes well.
1618  Other / Politics & Society / Re: Concerns on new covid variants. on: November 29, 2021, 10:13:20 PM
There is no real concern about the variant because we see no evidence that this variant is anymore deadly than previous variants. For all the talk of the delta variant being the end of human civilization, it seemingly wasn't more deadly. And with most viruses decreasing in lethality over time, why worry? As with most things, the announcement of the new variant was almost like a Hollywood showing, where the "experts" were boisterous about revealing the latest and greatest variant. The media, as per their usual task, push fear amongst the unsuspecting population.

None of these geniuses want to ask the real questions -- where is the data that this variant is anymore lethal than previous variants. The answer is that data is nonexistent.
1619  Bitcoin / Bitcoin Discussion / Re: What's up with the flaunting of irreversibility? on: November 28, 2021, 08:33:31 AM
It's a double edged sword, I don't think anyone would be foolish enough to argue that irreversibility in p2p transactions is the epitome of a pristine economic system, it's far from it. You incur risk any time you send a transaction because there is no do-overs, that risk is mitigated by common sense, and that risk becomes your advantage when the roles are reversed and you become the seller.
1620  Economy / Economics / Re: What do you think does this Cities have that we dont? on: November 28, 2021, 06:06:22 AM
This list doesn't make any sense. Innovation doesn't matter at all if you're talking crypto. Bitcoin itself is not innovative, it's an alternate currency system, the technology is not ground breaking, it's not new. The only hotspots for Bitcoin are economies that can support it, meaning a wealthy population. Whether or not the Nordic countries are innovative in their technology has little to do with bitcoin adoption if the population are generally satisfied with their government and sustain confidence in their local currency. There is no incentive to ditch government back currencies if you already trust them.
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