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1621  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: November 28, 2021, 02:35:11 AM
For those that might consider themselves to be "fully vaccinated," most places are considering to change the number of doses used to claim full vaccination status.

https://www.cnn.com/2021/11/17/world/coronavirus-newsletter-intl-17-11-21/index.html

Current number is 3, but chances are this number will go up as Covid becomes endemic. And so, this makes any previous vaccine passports effectively useless, unless you want to continue getting pumped with boosters. With the "omicron" variant, expect more countries to become strict on the definition of "fully vaccinated" as they (the health "experts") push for booster after booster.

It never quiet ends does it?

Pfizer has made over 30 billion dollars from their vaccine. It's amazing how the ones that like to demonize big pharma as causing the opioid crisis and prescription drug crisis seem to turn the other way as to why a company might circumvent common sense and rationality in regards to vaccination in order to make 30 billion dollars. This isn't downplaying the effectiveness of the vaccine, as people do need it. Does everyone need it? No. Does everyone need to pump themselves full of boosters every 4 months to avoid what is flu like symptoms for 99 percent of the population? Nope.
1622  Economy / Economics / Re: 2.5 million US truckers say they'll quit over vaccine mandate on: November 27, 2021, 11:22:22 PM
...

Definitely. Austria has introduced new lockdowns for the unvaccinated, which essentially states they are removed from society if they do not take the jab.  No where in the requirements does it factor in natural immunity from previous infection, or does it factor low risk individuals that are less likely to catch and spread the disease. Australia has created "camps" for Covid infected people, and will arrest you if you have Covid and leave your dwelling. The US is characterized by hyper capitalism, so it seems uncanny for them to risk their economy for what is a mild flu for the vast majority of people. But when people are emotional, they're prepared to sacrifice their liberties in the name of safety.
1623  Economy / Economics / Re: New COVID strain may affect crypto valuation on: November 27, 2021, 03:56:18 AM
Isn't amazing that merely the announcement of a new strain can have that drastic effect on the markets? Oil markets tanked a bit earlier too, stocks included. The strain hasn't even been confirmed to be more deadly or capable of evading vaccine induced immunity, so anyone that isn't already protected can get protected. The covid hysteria crowd can essentially manipulate the market by pushing fear such that an announcement will cause people to be on edge. Is there published data on this strain? Nope. So why is there panic? Big pharma companies are laughing to the bank.
1624  Economy / Economics / Re: 2.5 million US truckers say they'll quit over vaccine mandate on: November 27, 2021, 02:21:04 AM
This sums up US Covid policy really well, in fact.

A trucker, sitting alone in his/her truck for the majority of the day, would need to be vaccinated to protect who from catching Covid, exactly? The truck? The argument for a vaccine mandate was that an unvaxxed person could transmit Covid to someone that is also not vaccinated, but this begs the question as to how a truck driver is going to infect someone when they're sitting by themselves in a truck for most of the day.

Anyways, the implications of this are more supply chain issues and low economic growth. Shipping and logistics are the base of the manufacturing industries of any country, so removing transportation out of the equation ensures everything grinds to a halt.

They say inflation was due to the supply chain issue, and not a high money supply. Well, what happens to inflation when you stop truckers from doing their jobs if the result is scarcity of goods? More inflation.
1625  Economy / Economics / Re: Introducing a state-issued cryptocurrency on: November 27, 2021, 02:16:13 AM
...

India is too impoverished for them to have to rely on crypto, they're a nonfactor in crypto growth in my opinion. Main countries/regions that would legitimately concern me if crypto was highly regulated/banned is EU, US and China. For India, the least they could do is focus on education/poverty issues along with a proper Covid response, yet they seem so concerned about regulating crypto into the ground. India's Covid response has been abysmal, so if their focus is indeed to eliminate it, they're doing a horrid job.
1626  Economy / Economics / Re: Introducing a state-issued cryptocurrency on: November 26, 2021, 11:34:52 PM
Union Finance Ministry has take a decision on a state-issued cryptocurrency soon but ban all private cryptocurrencies. The VHP leader had sought a ban on all cryptocurrencies alleging its usage to fund terrorism, drugs and other 'anti national activities'. As all private cryptocurrencies are still not considered as legal tender or coin in India, but the govt may introduce an official digital currency in India.
There is nothing concrete to say that the Indian government is planning to ban all cryptocurrencies as we are hearing these rumors for a long time. The last i heard was that they might try to restrict cryptocurrencies as a mode of payment but will regulate the market.


I think its a good decision by government.. What you guys think about it?
Is there anything that the ruling central government has done in the past 7 years other than dividing people. So do not expect anything that will do good for everyone Tongue.


They've plainly stated they want to regulate crypto currency, that is a step towards a ban. If they view crypto to be a threat (which any common sense government does), then they begin regulating the currency through convoluted tax law which makes no one want to use the currency.

If your left with high taxed crypto or traditional currency, no one will bother using crypto. And India has a poverty problem regardless, so there isn't any incentive for adoption. Adding in whatever regulations they can come up with will squash any crypto growth in India. Any crypto user should be against the regulation of crypto, it's one step before an outright ban.
1627  Other / Politics & Society / Re: Coronavirus Outbreak on: November 26, 2021, 10:32:38 PM
WHO identifies new variant, origin in South Africa.

https://apnews.com/article/coronavirus-pandemic-science-health-africa-public-health-2b15d77e29c2607d4686e059e3313391

Identified as " B.1.1.529" variant.

As usual, no evidence of increased death rate, only some evidence that the variant is more transmissible. This variant is responsible for the uptick in cases, but has not demonstrated any evidence that it's dangerous to those with natural immunity or those vaccinated. I'm a bit surprised that Britain's banning flights from South Africa already in response, but they've learned from the delta variant when it was originally imported from India, so action early is critical. Though, flight bans aren't entirely effective they just delay the inevitable.

"New" several months ago. You infected before you know it.
https://bitcointalk.org/index.php?topic=5310040.msg58540909#msg58540909

"New" as in newly identified for panic and hysteria. Economy is already reacting to this variant, oil prices down, crypto down, flights all banned from South Africa in EU/NA countries. All with lacking evidence of increased mortality, and only slight evidence of increased transmissibility. This is the game that's going to be played for the rest of time, new variant appears, hysteria commences, lockdowns reinforced.

You think people would be over it, but the global markets don't lie, and it would appear people are NOT over Covid, even with their 50x vaccine boosters. One might wonder when this cycle ends.
1628  Other / Politics & Society / Re: Coronavirus Outbreak on: November 26, 2021, 08:09:56 PM
WHO identifies new variant, origin in South Africa.

https://apnews.com/article/coronavirus-pandemic-science-health-africa-public-health-2b15d77e29c2607d4686e059e3313391

Identified as " B.1.1.529" variant.

As usual, no evidence of increased death rate, only some evidence that the variant is more transmissible. This variant is responsible for the uptick in cases, but has not demonstrated any evidence that it's dangerous to those with natural immunity or those vaccinated. I'm a bit surprised that Britain's banning flights from South Africa already in response, but they've learned from the delta variant when it was originally imported from India, so action early is critical. Though, flight bans aren't entirely effective they just delay the inevitable.
1629  Other / Politics & Society / Re: IS DEMOCRACY THE BEST OPTION FOR GOVERNANCE? on: November 26, 2021, 07:47:23 AM
In my opinion Democracy is the best form of government ! And ill tell you why i think so by just mentioning the pros and cons of having it:

YES points:
- Freedom
- Represents the people
- Better governance duo to transparency
- Respect and Promotes Human Rights

The NO points:
-We increasingly depend more and more on money
-Most of the times  Electorate is not motivated.

Thats all i can say and everyone desides for his own if its the best or the worst.

thank you

An unmotivated electorate is a feature, not a flaw. I don't want idiots to vote, and many people are morons that couldn't distinguish up from down. So if a politician comes along and convinces enough idiots to vote for him/her, they get elected even though the sane minority may not want them in power.

If the electorate were wise, then high participation is what's best. And you can count on your hand the number of societies that are educated enough to want the majority to vote.
1630  Economy / Economics / Re: Fiat banks and the government. on: November 26, 2021, 07:14:25 AM
A recent situation in my country where the banks have been instructed to block accounts related/associated with crypto trading has prompted me to start thinking if these banks are actually happy carrying out government policies against their customers, because some of them seem not too happy about it but look to have little or no choice on the matter.

Can the banks challenge the policies from the government? Are the banks working for the people or the government? is there any possibility that banks can operate freely entirely from government policies?

(Read news article here)


Banks work for themselves and no one else, if they are mad about this then this is not because they want to side with their clients against the policies mandated by the government, they just want to obtain profits with this market as well, and personally I do not see anything wrong with that, I have always thought that you can more easily convince someone by appealing to their self-interests than by appealing to some kind of ideology, so if banks see their financial situation being affected substantially by this they will eventually move their influence to stop it.

Generally speaking the banks work for the government because any treasury positions can be pointed by the leader of the country, usually the President and then confirmed by a legislative body. But that being said, the government is a monolithic and this includes the central banks. Their interests align strictly with maintaining solvency within the currencies they operate out of, and maintain economic activity. The profit motive isn't as glaring, it's about self sustainment more than anything.
1631  Bitcoin / Bitcoin Discussion / Re: NO..India is NOT Banning Bitcoin on: November 26, 2021, 05:29:15 AM
Ha, not banning just creating a "regulatory framework."

It's always what the story is, except the regulatory framework is extreme government oversight of crypto and is everything but an outright ban. You could effectuate a crypto ban merely by taxing it at a high rate, or forcing crypto users to report every transaction they make to the government. If you decide to store crypto, they can make an arbitrary wealth tax and force you to pay taxes on unrealized gains.

It starts with regulations, and ends with a ban.
1632  Economy / Economics / Re: Can civilization revert to a barter system on: November 26, 2021, 12:22:10 AM
The only reason CBDC's up for discussion, and eventually will be implemented, is because we're too far past the barter system and you can't go back. Cash transactions was a replacement for the barter system but most banking is digital, including crypto, so the government can easily implement a CBDC system because the pitch is easy to deliver. Digital banking already exists, you really on government backed currency, so switch to CBDC to eliminate a need for a private bank.

Realistically, though, the private bank just becomes the government.
1633  Bitcoin / Bitcoin Discussion / Re: What if governments make Bitcoin centralized? on: November 25, 2021, 11:04:42 PM
I'm thinking of any way that the governments can centralized Bitcoin but I can't think of any (or just that I'm not that good at thinking Cheesy).
Anyway, first they didn't create the coin. Second how can they get all those 18,881,100 BTC that are in circulation right now because if you want a currency to become centralized, you must have a full access to it and to start that you must have all or  if not most of the coins.

I don't think that this is ever possible but they can try if they want to. I mean companies are using a huge portion of their money just to mine crypto coins and get profit so the government can do it too.

With how centralized exchanges are holding large amounts of Bitcoin, it's easy enough for governments to centralize the Blockchain in its entirety. There's unequal distribution in Bitcoin's supply as we speak. At least, Bitcoin's mining hashrate is widely distributed thanks to China's full government crackdown. The more miners we have from different areas of the world, the better it'll be for Bitcoin's decentralization. El Salvador already announced a Bitcoin mining initiative using Volcanoes as a source of power. As long as governments don't control more than 51% of the hashrate, Bitcoin will do fine for many generations. Just my opinion Smiley

With wider adoption the mining system becomes more robust, so in the event of mass adoption, I wouldn't be concerned about miners being centralized to one area, theoretically there'd be more around the world. Using volcanoes as a power source sounds like some PR strategy oppose to a legitimate source of energy, but nuclear energy technologies are rapidly being developed and I expect nuclear powered mining facilities to be a real thing in the future.
1634  Economy / Economics / Re: Is this a clear sign of high inflation? on: November 25, 2021, 07:52:36 AM
Inflation and the stock market are not exactly good metrics to compare because it depends on the stock. If you want to see where inflation is, look at prices over all consumer goods year over year, and then look at the general direction of the economy.

If you have a stock that is valuated high because of future projected growth, and that growth doesn't happen because inflation slows the economy and reduces growth of the company/sales, then the value of the stock will eventually come down. Other stocks

On the other hand, if you inject extra money into the economy in the form of stimulus when most people don't need it, a lot of that money ends up going into the stock market which will usually cause a bump in the market, but the effects of inflation are felt much later.

It's a bit difficult to compare.
1635  Other / Politics & Society / Re: Religion in our society on: November 24, 2021, 11:02:14 PM
Those at the highest levels of Religion performs the worst of it all, although all sins are equally weighed by the Bible.
Lately I do not put or give I'm too Religion,they simply the worst and not doing too well,you would see preachers boasting about wealth and fame, rather than preaching the word that was committed to themselves.
This generation is trash you know.

True, today when a person walks down the street and sees a church, just pay 10 minutes of attention and they will see very sad things, believers give money to the church, and church priests take the money and buy luxury clothes, cars. luxury and luxury homes. we have reached such a low and disgusting level to see rankings of the richest priests in the world. How the hell does a priest who doesn't work, doesn't have any business get rich? they get rich thanks to the money people donate to the church.

they take hard-earned money from the poor

You know that isn't always the case, right? Who often time are the most charitable? Religious people. And when many religious organizations receive charitable donations, you don't think a lot of it might go towards helping people, with a few cases of abuse? You can make a large business out of religion, see scientology (which is more a cult designed as a belief system oppose to a religion). That doesn't mean it's immoral to accept money as a religious figure or organization.
1636  Other / Politics & Society / Re: Ghislaine Noelle Marion Maxwell on: November 24, 2021, 08:20:56 PM
her defence seems to be about not being involved in sex trafficking. meaning not being involved in any act prince andrew done.
so she wont admit their crimes as thats simply admitting her own crimes.

so dont expect her to call out the other famous people as it hurts her defence

that said. lets hope the prosecution can trap her in her lies and get a guilty verdict

the only way to get her to name the elitists is if she wants to plead guilty and then reduce her sentance by naming other people

The prosecution has to have a mountain of evidence against this person, should be a quick and easy case. In fact, her defense team was arguing that jurors could not be neutral because they would have disdain and bias against Maxwell because she's rich....funny, because you would think someone would have that sort of bias because she is involved in trafficking of children. But sure, I guess it's because she's rich.
1637  Other / Politics & Society / Re: Prosecution’s case against Kenosha shooter Kyle Rittenhouse ... BLOWN up on: November 23, 2021, 03:00:51 AM
Kraken attorney adjacent Lin Wood withheld bail money for Kyle Rittenhouse, she wanted to keep him in jail so she could profit. She was also the one peddling election lies trying to profit from foolish right wing nutjobs. If someone tells you something you want to here, and then asks you for money, it doesn't take much common sense to realize they're grifters. Unfortunately, there's a lot of money to be made in the political world from stupid people. But that's generally how people get elected anyways, because a vote doesn't cost anything. And they're no refunds.

https://twitter.com/greg_price11/status/1462955974071926790
1638  Other / Politics & Society / Re: Prosecution’s case against Kenosha shooter Kyle Rittenhouse ... BLOWN up on: November 22, 2021, 02:53:51 AM
Can you see how the Rittenhouse verdict may have consequences here?

What's funny is the these pollsters will never ask politically inconvenient questions because they're afraid of the left wing mob. Are you aware of the damage that BLM terrorists have done during 2020 to American cities because George Floyd died of a fentanyl induced heart attack?

Well, let's dive into that question starting where the events took place -- 550 million alone in Minneapolis.

https://www.startribune.com/minneapolis-foundation-raising-20-million-to-rebuild-small-businesses-hurt-in-2020-riots/600058520/

Quote
Private insurance has been estimated at covering only about half the estimated $550 million in damage to businesses disproportionately owned by small operators, many of them immigrants and people of color.

Were these right wing Trump supporters that did this?

The J6 attacks, or "insurrection" as it is called, were a bunch of toothless Trump supporters from Alabama armed with MAGA hats and selfie sticks trespassing on the Capitol building. Absolutely terrifying.
1639  Economy / Economics / Re: Mastercard Bitcoin Global Adoption? on: November 21, 2021, 01:04:06 AM
People tend to forget that the payment processor middle men are the ones that profit from traditional currencies because they act as the intermediate between a merchant and seller -- physical cash isn't supposed to be convenient, they fill the role. I'm cautious when a giant payment processor enters the crypto space because they are shills for fiat currencies and profit from the high fees.

To be clear, though, they can serve a role in a crypto based society, essentially someone can have a credit card based on crypto and can make daily purchases, repaying the issuer in crypto every month. But we're far from that system.
1640  Bitcoin / Bitcoin Discussion / Re: Hillary Clinton: Nation states should pay attention to the rise of crypto on: November 21, 2021, 12:49:07 AM
It might become less profitible for the US government but not being the world reserve currency hasn't done too badly for the other countries that have had the title in the past.

I doubt crypto has the strength to overtake the dollar within a few years for example but there will likely be a solution that rises up that consumers/businesses accept (and we can hope it's not centrally controlled).

IMO government agencies will only go to extent of adoption of centralized cryptocurrency like xrp, bnb etc. For government agencies bitcoin is more dangerous then inflated dollar since decentralized btc gives them zero control over financial matters. Btc is designed to remain decentralized, something not desired by centralised bodies.

Why would they aim for centralized currencies? They could create their own digital banking coins if they wanted a crypto alternative, and that gives them even more control than traditional cash does because they can be involved in every transaction. Most banking is done online anyways, so the entirety of someone's net worth appears on a bank statement in digitalized pixels produced by a private bank. If the government could take the existing principle of digital banking that people are already accustom to and transfer them to a CBDC system, there wouldn't be a need for government to adopt XRP or BNB (or whatever centralized crypto).
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