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1801  Bitcoin / Bitcoin Discussion / Re: United state 🇺🇸 take the lead in global Bitcoin adoption 2021 on: September 26, 2021, 02:17:28 AM
Wait till they start regulating Bitcoin even more than they already are. Folks will dump Bitcoin fast and look to other investment opportunities because the US government will tax the hell out if crypto. Mark my words, it’s coming. China will follow.

I don’t think they’ll be successful, they can try though  Grin
1802  Other / Politics & Society / Re: The KRAKEN Rises !!! on: September 25, 2021, 08:28:07 AM
...

I remember the "sworn affidavit" fiasco very well, with many Republicans citing them as evidence of election fraud or poll tampering. As if the idea, completely inconceivable obviously, of someone lying about election fraud is beyond comprehension. Of course, a sworn affidavit absolves any possibility, clearly. I also recall watching some interviews of folks that claimed that someone had voted on their behalf through mail in's, almost always it was someone on the verge of complete senility with dementia, barely able to formulate a sentence.

So I don't take them seriously. Neither should you.
1803  Bitcoin / Bitcoin Discussion / Re: China trying its best to get hated on: September 25, 2021, 08:20:21 AM
I find your moral compass to be obtuse.

The communist nation of China, when they round up millions of uyghur muslims and subject them to concentration camps in which their heads are shaved and forcibly sterilized is not the time to hate China, or to mention their behavior, but an empty threat (as in no enforcement in the present, perhaps in the future) of banning crypto and that's the time to hate?
1804  Bitcoin / Bitcoin Discussion / Re: Elizabeth Warren claims on: September 25, 2021, 01:23:21 AM
And I wonder how many billions have been robbed from ordinary people that are at the mercy of large banking institutions?

No one takers her seriously anyways, see her failed 2020 US Presidential campaign. The only interest she shows in crypto is devising ways to tax it to fund her lunatic socialist programs.
1805  Bitcoin / Bitcoin Discussion / Re: China trying its best to get hated on: September 24, 2021, 09:58:08 PM
...

The intent for China to ban bitcoin has essentially been there for ages, so there shouldn't be a sudden shift in the price. The lower price right now is because of China's housing market crash.

Now, this could change if their economy is in such disarray that they're forced to prop up their currency and they start taking direct action against crypto users. Their track record says their bluffing, but also within the context of Covid and a rough economy, who knows what actions they might take moving forward.

My prediction? They'll try very hard to limit crypto and ban it outright, their economy is in for a rough time.
1806  Bitcoin / Bitcoin Discussion / Re: All crypto declared illegal in China!!!!!!!!!!!!! on: September 24, 2021, 07:06:57 PM
...

This stuff is technically old news, there are some documents floating around by some financial regulator or agency that made their intent to ban crypto clear earlier this month. The crypto market is already down a bit and it's not reacting too badly too all this, if at all, so we all recognize the bluff. China's crashing economy is more of the concern here, which would cause a bigger dip in the price than this failed attempt at curbing crypto growth.

My main concern is in the future when China becomes desperate to protect CNY, they'll begin extreme enforcement measures.
1807  Economy / Economics / Re: CHINA Banning bitcoin: PBOC Says All Crypto-Related Transactions Are Illegal on: September 24, 2021, 06:49:56 PM
Apparently it is old news:

Announced on Sep 15th and posted online today.

It's from different institutions, that was a notice sent from the PBOC and this one is from China Securities Regulatory Commission to them , I don't know much about the steps laws and regulations have to pass in order to become enforceable in China but I think there is still a step since it's a law and it involves penalties and punishments within the justice system it must be approved by either the NPC or the State Council, neither one is either addressed or mentioned in both papers.

https://mp.weixin.qq.com/s/4QWsmCyksuDGQO8eKiixwA
http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4348521/index.html

That said we might see another wave of letters and yet no real enforcement in real life, as usual.


I'm a bit hesitant when it comes to China with their enforcement of their laws.

It's true China can't do anything to stop someone from sending a crypto transaction, but this is also a country that will throw you in jail if you criticize the government, so enforcement can occur on a whim if they feel the need that they're losing the crypto battle and want to prop up CNY. Give it enough time and they'll try to start enforcement, and we'll see if they end up being successful or not.
1808  Bitcoin / Bitcoin Discussion / Re: What would happen to the bitcoin price if adoption increased on a larger scale? on: September 24, 2021, 03:34:30 AM
You won't have to worry about volatility as much with mass adoption. The fluctuations in price right now are due to China and US trying to control the crypto growth in order to prop up their respective currencies. Hypothetically if the entire world were to switch to BTC (which obviously will never happen any time soon), no one country would be able to cause extreme price fluctuation without some sort of collusion.
1809  Other / Politics & Society / Re: [POLL] Do vaccines kill people? on: September 24, 2021, 02:44:01 AM
Woman, day care teacher, 20 YEARS OLD, dies of Covid after being intubated.

Vaccine status was not disclosed by her mother, probably for a reason - see how she looks in the picture? Granted she was 20, obesity kills. Anecdotal stories and evidence is still anecdotal, and 20 year olds are generally not at high risk. But, obesity will complicate conditions.

I can see why a 20 year old would not get vaccinated, perhaps unwilling to accept their own vulnerabilities like their weight. This does not change the data, it just adds the adjective "healthy" somewhere in the phrase of "low mortality for 20 year olds."
1810  Other / Politics & Society / Re: Black Lives Matter pickets restaurant over NYC Vax Pass on: September 23, 2021, 06:19:33 PM
I think I finally agree with Black Lives Matter about something in 2021. Now if they could only make this about classism rather than racism which is what the vaccine pass and anything pertaining to the COVID 19 scare-mongering media is.

They don't care about the vaccine passport at all, they're just covering for 3 black people who thought it was appropriate to get in fist fight over the vaccine passport.

Turns out in NYC though, many blacks are unvaccinated. Yet, the vaccine mandates have no talk about the inequity they might bring on because that forces them to realizes the inconvenient truth the blacks are most likely to be vaccine hesitant.

BLM "rep" is an idiot, but we already knew that when the decided to join representative BLM.
1811  Other / Politics & Society / Re: Coronavirus Outbreak on: September 23, 2021, 04:38:31 AM
Remember when they said "protect the children" and called for school closing?

https://www.cdc.gov/mmwr/volumes/70/wr/mm7037a3.htm?s_cid=mm7037a3_w

Oops - more kids <20 are now reporting higher BMI's due to weight gain. When you close down the schools, shut down the playgrounds and the parks, what is the outcome?

And what do we know about and excessive weight? You put children at even greater risk when you take away any and all physical activity. Surely no one saw this coming.

Compare this to the number of adults in first world countries, almost all of which have reported some weight gain during lockdowns.

The lockdown strategy was counter intuitive.
1812  Other / Politics & Society / Re: Joe Biden devolved on: September 23, 2021, 03:29:04 AM
https://www.youtube.com/watch?v=VSosMmsBXFc

This is just hilarious - Joe Biden, almost nodding off because he is so bored and late for afternoon bingo, has his administrative staff cut off Boris Johnson while he is answering a question.

Can't have Joe going off script, and apparently you cannot have the UK finish answering his question just in case another press reporter asks Joe Biden a question.
1813  Economy / Economics / Re: Will crypto lead to the next financial crisis? on: September 22, 2021, 07:17:13 PM
The financial institutions that run the world are not heavily invested in crypto enough where a bubble burst would set them back.

What's going on in China is a crash after the nonpayment on billions in liabilities, and what happened with the housing market crash in the US was a bubble artificially created by banks handing out loans like candy.

Crypto doesn't necessarily have these issues because of the limit of supply. That's not to say if at some point the world was so heavily involved in crypto that a bubble burst could potentially cause strain, but the likelihood of that is small.
1814  Other / Politics & Society / Re: Muslims and the use of alcohol based substances, how do the rules work? on: September 22, 2021, 08:27:08 AM
The recent COVID19 outbreak got me thinking and have some questions on how the Islamic faithfuls handle the situation when it comes to things like sanitizing and maybe even use  certain medicines that contain alcoholic substances.
From my understanding, alcohol is prohibited or is considered a taboo in the religion, so;

1. How do they sanitize if they got to places that have alcoholic based hand sanitizers?
2. How do they go about medications that are required for treatment but have some alcoholic content?
3. Most perfumes and deodorants I have come across have at least an alcohol substance in them, and yet I observe some of them highly use the body sprays. Isn't this against their religious principles?

Quran says that wine is the work of the devil.

It also says that Allah created heaven with rivers full of wine.

Muslims can drink alcohol and many do. Why not?


Because literature interpretation is subjective, and the shift away towards secularism means religious societies can become more progressive when it's convenient.

The Quran also says to kill the nonbelievers, but this is obviously very inconvenient because the feasibility of killing billions of people doesn't coincide with modern moral philosophy.

It becomes a double edged sword. The further away you get from the text, the lesser the objective interpretation. This lets the radicals take verses of their holy book and justify barbaric philosophy in accordance to their own beliefs, with slight reinforcements from the literature. On the same note, the original text and most objective interpretation isn't anything pretty either.
1815  Other / Politics & Society / Re: The KRAKEN Rises !!! on: September 22, 2021, 06:51:21 AM
Weird Kraken lady, professional political grifter, walks out on interview - https://twitter.com/stillgray/status/1440543827853381643

Election integrity can be a...nuanced subject matter. So, if you happen to accuse a company having rigged voting machines, maybe also have an idea of the scope of operation.

Because if it turns out those rigged machines only operated in one county, well then, the math doesn't really add up. In which case, the conspiracy really runs deep.
1816  Bitcoin / Bitcoin Discussion / Re: Let's Say Bitcoin is scam on: September 21, 2021, 03:22:40 PM
Easiest response to a fool suggesting Bitcoin is a scam would be to refute their argument citing any inflation crisis with any currency.

You can work out the math yourself with whatever inflation rate your country has, but generally speaking most central banks will target at 2 percent or more. So by virtue of retention, meaning saving all the money you have, you actually lose money by not spending it.

Your purchasing power can only go down, meaning the value of your money is higher today than it will be tomorrow, which is a built in function of any currency. Sounds unfair, right?
1817  Economy / Economics / Re: How to protect from inflation? on: September 21, 2021, 03:13:58 PM
Banks are a good protection to inflation but the problem is there is close to zero profits with banks so it's not a good thing to go that route for inflation protection, bitcoin can be a likely candidate but it's inherent volatility is going to be a problem for people that have weak hands. Real estate and gold could do the work just fine but the problem is that both are really expensive.
Inflation is related to the demand and supply of currency.
One of the important countermeasures that countries have taken to control inflation is to control the supply of money to adapt it to the demand for money, and to reduce the pressure of currency depreciation and inflation.

Labor/product shortages also contribute to this - it was inevitable post-Covid that inflation was going to occur for any economy. The supply chain issues that were persistent in 2020 are having effects seen now, so it's not anything surprising, but the point is money supply is one aspect of inflation, that's only compounded by other issues.
1818  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: September 21, 2021, 03:02:48 PM
In other words;

1. The Covid is not a joke
2. Kids can be infected by covid
3. Children has low immune system making them candidates to acquire major symptoms
4. Less research has been conducted for childrens with regards to covid so many unforeseen events may occur

Trust the experts everyone, they didn't study years of no sleep for nothing.


Children are not overly susceptible to Covid, their immune systems are not part of the equation. The death rate over 1.5 years for Covid is lower than the flu for children, so tell me what the risk actually is? How far would you like to go, because if we are using the average flu season as a measure, there wasn't a lot of paranoia and fear dominating media headlines.

Less vaccination studies have been conducted on children too, but we have the data for child deaths pertaining to Covid, and the average kid has a higher chance of dying in a car wreck than dying from Covid.

And surely we do not strap helmets to children every time we take them for a car ride.
1819  Other / Politics & Society / Re: Joe Biden devolved on: September 20, 2021, 08:35:26 PM
I hope Joe stays because if not, Kameltoe will take over and I can't stand that bitch's laughy face. I pretty sure even the democrat people of the US also can't stand her presence. She is like a downy debbie's cocky version. Even Hillary was better than her.

Hillary Clinton also has a cackling laughter, but with Kamala Harris, any time she's confronting with criticism, she laughs hysterically. Perhaps a failure on behalf of anyone competent on Joe Biden's team in the summer of 2020, when Harris was selected on basis of her skin color, due to the (so tragic) death of Saint George Floyd, she was rewarded with the vice presidency. And she'll get to be the front runner in 2024, so more is coming.
1820  Other / Politics & Society / Re: Do you trust the co-vid19 vaccine ? on: September 20, 2021, 03:18:11 PM
https://www.nytimes.com/2021/09/20/health/covid-children-vaccine-pfizer.html

FDA says children, ages 5-11 can take Pfizer's Covid vaccine in low doses.

I also can't imagine being dumb enough to give a child a Covid vaccine for which they are at virtually no risk. The idea of inoculating hundreds of millions of kids all over the world over a virus that poses almost no risk to them just so the adults can feel safe is paranoia and fear taken to another level. Being afraid of a small child, what a world we live in.
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