Putin's latest crazy idea is to coerce Western and multinational firms into keeping their business open in his dominions. The message here is "you have to keep your doors open or I will take all your assets and property and also send your executives to jail". https://foreignpolicy.com/2022/03/11/russia-mcdonalds-business-seizures/McDonald’s—which made capitalist history when it opened its first Soviet restaurant in Moscow 32 years ago—is leaving Russia. So are BP, Shell, Ferrari, Ikea, Ford, Mercedes-Benz, Unilever, and a host of other Western companies Medvedev proposed that Moscow should seize the assets of foreign individuals and companies in Russia. And on March 9, Russia’s governing party said a government commission had begun the process of doing so. This is a very peculiar understanding of business and the rule of law. I wonder that, if this is effectively implemented, will we ever see a western company investing or doing business in Putin's dominions? Will the jobs for the Russian people created by this companies disappear for decades to come? At the moment it is simply an empty threat, one which they tried to pedal back from quietly after the headlines were written. This sort of nationalization would make Russia even more uninvestable in future (when they're already off the charts) because it means the government will seize any potential assets, which obviously makes it impossible for foreign buyers to trust that they'll have anything left. It's almost as if Putin has thrown the last 20 years of relative stability out the window in the space of a couple weeks by all these constant mistakes and just shows how totally clueless the government is, instinctively lashing out in whatever small ways they can against the massive sanctions setup due to their unnecessary invasion. |
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Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
It is worth considering that Elon Musk never has to sell his Bitcoin, or anything else in his life because these are all toy size amounts to him. To a billionaire these trivial amounts are just a useful way for them to diversify their huge assets, but in reality this is an almost insignificant amount of money in his wider portfolio - he could forget about this Bitcoin wallet and it would have no material impact on his future. Discussing things like Bitcoin and Dogecoin are to him just ways to spice up his twitter feed, like throwing food to his dogs. You should not try to emulate him if you are working with much smaller amounts of capital because he is extremely low risk but you will be dealing at an extremely high risk. |
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^
I believe that one should consciously harm oneself only in urgent cases, such as when one is hopelessly ill with cancer and the narcotics that have been denouncing his hellish pains have ceased to work. Euthanasia is an excellent option in such cases. If a person decides to commit suicide because of some problem, he is just a coward who, instead of fighting the problem, is trying to escape from it in this stupid way. But this is a stupid way for you, but for him it may be smart. Do you want to deny him the right to make a decision? As for harm, what about an unhealthy lifestyle? After all, it kills no less inevitably than other quick methods. Do you want to force people to go for a run in the morning? Take away their "extra" dose of sugar, etc.? How far will your concern extend? When I say "you" I mean the state. It's hard to judge someone who gets into such a situation but often times the world and the future can look bleaker than it really is - sadly the brain has a tendency to reinforce either positive or negative feelings by looking for confirmatory evidence. That can lead to a downward (or upward) spiral which can be tough to escape from, however most gambling related debt can be dealt with as long as the underlying problem is fixed, aka the person needs to stop gambling first because they have likely been chasing losses for a while. Suicide is rarely the answer for a lot of lifes problems but depression can lead to many dark and unnecessary thoughts that need lots of help to solve. |
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Lately the Ukraine territory have been seriously destroyed, some cities captured by Russian troops making the Ukrainian economy gradually going into the hand of Russia and the power plant that was blown up is one of the economic resources for Ukraine.
Few days back, US reviewed a satellite image of Russian military approaching Ukraine with all the warfare like the armory being taken to Russia and later , same US updated through the satellite image that the movement seem to be slowed down for whatever reason including disagreement, shortage of gas for those vehicles etc. Now I think they finally got inside of Ukraine and the reason for Ukraine economic buildings badly hit and the battle much intensity. Is a pity that they entered Ukraine and causing more destruction.
This is the picture below
My question is when these satellite images where shown and again they got some delay while coming to Ukraine, then why can't the Ukraine stop them by throwing missiles on them or Ukraine don't have such rocket missiles that can set the tanks ablaze.
Or Russia got everywhere covered by closing up the space that they can be attacked on air ?
It appears that this war is not going to end any time soon, Putin expected his military to crush Ukraine in mere days but they have taken a huge hammering in the weeks since it started. Russia has enough military might to slowly conquer Ukraine but many more people are going to die on both sides in the process and Russia's military has truly shown to be pretty awful in every respect. Russia are slowly taking ground, but even if they do take Ukraine - they have in many cases turned cities to rubble and made 40 million people hate them. Much like Afghanistan (multiple times), Iraq and Vietnam - there will be no peace for Russia until they withdraw, many Russian soldiers will need to occupy the country and will slowly be killed over time as the oppressors they are. |
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I've said that before and I will say it again.
Virtual reality cannot replace actual reality.
That is true but we can use it as an alternative for example you really are in other country and wanted to hangout with friends the best alternative could be this one. I am curious about the Metaverse and gambling, what if the gambling sites adds Metaverse game was it like a VR casino and can we still verify the rounds or game? or are we just thinking the possibility of playing gambling in Metaverse? ya.ya.yo! Aside from hanging out with people who live far away, this should be as much fun as playing any game, watching a movie, etc! There will probably be those who will exaggerate and abuse metaverses, hanging out there 24/7 like crazy, but people do that with anything else! I think we can speak about metaverse as some new and fun thing to do when we have free time, of course, if we like it! When it comes to whether we like it or not, we should probably try first and then draw conclusions! I haven't seen anything concrete about the metaverse yet, except a lot of announcements! I am guessing that we are still far from anything real that we can actually try... so we are just thinking about the possibility of gambling in the metaverse! Let's picture this a slightly different way, as funnily enough this deep virtual 3d environment is essentially a step towards a world like "the Matrix" or maybe a place where a consciousness can live forever - however that is likely many decades away, it is a slightly scary thought that a corporatation would have this level of control and there are lots of entertainment shows that have explored this idea. However for gambling purposes, for me the actual fun part is being in the casino environment, getting a little tipsy and frittering away a little cash. I just don't see how that will ever be recreated in a virtual world where you can never recreate the same feel. |
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Its a huge marketcap business trade betweeen russia and china thanks to sanctions...but how we can get part of this profit margins ? The a lot money to be made but how to get in this specillay natural resources like gas oil ....
How do you make money off of oil? You could have bought shares in companies like BP or Shell last year for half the price they are now, having doubled your money in less than a year. On top of that they are paying out nice fat juicy dividends every 3 months since the price of oil has sky rocketed again. You're better off buying shares in countries like Europe or America because the stock exchanges in countries like Russia or China are heavily controlled by the government who have been rather erratic lately. You should read up more on the stock market and how it works, because it is really simple to get the profit from these type of commodities but you need money to buy into it. |
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The most hyped thing is that people are talking too much about it. And they said this would be the future of the internet and the future of business. Yes, you guessed correctly, it's the metaverse. After Facebook changed their name to Meta, and after the announcement of Web 3.0 and the hype of NFT and several blockchain technologies, people really want to experience the things of the Metaverse. And it is true that blockchain gaming will be the first place where the metaverse will be introduced properly.
But my intensity is about gambling in the metaverse. Did you think about it? What are your thoughts on gambling in the metaverse world, where you and a friend are playing at a table, but it's online, and you're sitting next to each other, but you're from different countries? Isn't it sound cool? Well, it felt cool to me. I don't know if this type of site exists or not, but in the future there will definitely be a gambling world in the metaverse. And I really want to experience that. I hope that technology comes soon.
Whats your opinion about this technology?
I am actually a little confused about where this post should be suitable. If you think it's the best category, please move it.
Everyone who has been around a few years sees this hyped up "virtual world" idea come around every few years and there are slight improvements on the last. Facebook probably does have a lot of money and skills to progress it further this time, but it will still probably under deliver on peoples expectations. The fact that they have a huge user base to start with may give them a big boost if it does turn out to be appealing and a vast improvement on previous attempts. However it is hard to see how it can be improved very much beyond a Grand Theft Auto size world but heavily scaled up to the size of a Microsoft flight simulator (the whole world). At the end of the day though, you'll still be stuck at home instead of seeing the true world and that is where the adventure really exists. |
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Today we have witnessed how easy is for the banks to freeze all assets that people rely on. The economy across the globe will change, trading will be much more difficult given the current situation. Over the last few years a lot of people have been affected by disrupting events and virus outbreak being unable to work and earn to support their families. It comes to the point where trusting the banks will no longer apply. Even there is war or not, the population still needs to work, travel and move money where needed. Other people have to travel from one country to another and if credit/debit cards are suspended, there will be no trade. The problem occurred in 2008 is just around the corner waiting to burst again but this time is different. We have to look at alternative ways to produce and distribute energy.
You say all of this as if it is a negative thing, but the backlash that has been imposed against Putin was way beyond what he could ever have imagined and in part that was helped by the centralized nature of the banking system. It is only through Russia being part of these far spanning global networks that it has been possible to cause vast economic damage to Russia for their totally unjust invasion and attempt to crush a democratic people who were successful in ridding themselves of a puppet regime. Unfortunately that means many Russian people will have to suffer in the process, but maybe it will spur them to overthrow the tyrant they have for a leader. |
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It makes sense to you because you do not own or run any business in Russia. Think beyond this and think of what those who do not like Putin but own businesses in Russia whose businesses are now sanctioned will be faced with now. Putin is a dictator despite that he was elected into office, and you think he will not go after anyone who will go on the streets to protest against him because of the imposed sanctions? That man is capable of killing anything that stands as barrier to him.
This is exactly my concern, in Russia not everybody is supporting Putin. The official approval rate of Putin was around 70%, which is of course not a correct number. So even in the worst case 30% are not supporting Putin and will still be hit hard by the sanctions. It's easy for us from the West to say that people should stand up to Putin, even if that leads to getting beaten up and worst case spend 10 years in jail. The billionaires and oligarchs still have most of their money in Russia, they might lose some yachts, international money and properties. But their lifestyle within Russia probably won't charge much. It's the average citizen that is hurting he most. And will the sanctions really help and make them stand up to Putin or will they get angry at the West instead? I think there is a big possibilities that the sanctions backfire and make more people angry against the West. Which will push Russia even further into a corner. I am against this war and hope that the peace deals will lead to a ceasefire soon. We're in very dangerous times right now and as you point out, even though Putin's approval rating looks high it is impossible to take any of these internal Russian polls seriously - it is effectively putting citizens on trial if they answer negatively about him. While I agree with all the action that has been taken against Russia so far and they are in for a whole world of economic pain, because they choose to invade then murder their neighbors, there are going to be long lasting repercussions that reverberate around the world. Russia has isolated itself through these terrible actions, but that makes it harder for Putin the fool to see a way out and might make him prone to even more dangerous actions - what a confusing situation we're left in. |
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It seems that Putin's gamble is not working out as he had hoped. He is moving militarily rather slower than he anticipated and now apart he has taken two economic measures: "President Vladimir Putin banned all Russian residents from transferring hard currency abroad, including for servicing foreign loan contracts, potentially putting much of the country’s $478 billion in external debt at risk of default."Source: Putin’s Ban on Foreign Debt Service Raises $478 Billion Question.To stop the bleeding of the ruble, which is plummeting even in the face of a weak USD due to over-printing, he has also ordered that: "Russian businesses that trade abroad must sell 80% of their foreign currency earnings and convert them to rubles...A picture is worth a thousand words: This is starting to cause panic among its population, which has rushed en masse to withdraw cash from ATMs: Russians rush to withdraw cash at ATMs as rouble plunges; central bank hikes rates to 20% The most important thing in the conflict is the human drama with dead, wounded and displaced people, but I wanted to open thread to comment in this economy section what could be the medium term future of the Russian currency and economy. I wonder if some of these measures affect Best_Change, which I understand is a business located in Russia, but I don't know if they will want to comment anything. While I'm definitely anti-Putin, I think we need to be careful about cheering too much at the downfall of Russia because at present he looks like a complete fool. Now, he is standing in front of the world with what is meant to be one of the scariest and top military might, yet it is getting destroyed all over the place - they haven't even achieved air superiority so far. Couple that with devastating sanctions that we've not even begun to see the effects of so far, and it's getting worse all the time for this man. If he's not already there, it's looking like he has nothing left to lose so might as well get even more destructive in this senseless war. There is no chance he's going to touch other NATO countries, but he can still unleash even more hell in Ukraine so who knows what will happen next. |
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USDT records new all-time high against Russian ruble as inflation hitsWar will always damage the economy of the affected countries, this is the 5th day of the war between Russia and Ukraine, the US, EU and generally the UN have been sanctioning Russia since the start of the Russia - Ukraine war which includes removing Russia from Swift and many other sanctions. Russia's central bank doubled key interest rates on Feb. 28, from 9.5% to 20% and USDT which is pegged to USD which has increased 30% against Russian ruble (RUR) within five days of war. Bitcoin trading volume on crypto exchanges in Ukraine spiked 200%. This is likely the beginning of the war if it does not cease anytime soon, I am been seeing some people saying the EU needs Russia than Russia needs them, that they depend on crude oil and many mineral resources from Russia, but what is causing the inflation in Russia is because of the Russia - Ukraine war. This could be more severe if the war does not ends soon. With the look of what is going on, Russia has been planing this for years and this has led to some people killed and many left their homes. We're still in the very early days of seeing the Russian economy collapse. Inflation might be the last of the average citizens as we're seeing trade getting cut off from all of Europe and North America. Russia is set to default on its debt soon, which has always been followed by a devastating recession and it will take a long time to recover since they've effectively isolated themselves from most of the richest countries in the world by starting this war. Very little progress is going to be made in Russia while Putin stays in power, mainly because few countries can count on his word as truthful and many are no longer scared of his bullying tactics. He has shown that he is running not just a terrible economy, but also that he was far from the brilliant military tactician that many perceived he might be. |
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So, I just seen 1 post from a FB page regarding this, and then tried to see if it was true... Just yesterday, 11th of March, Bitcoin ATMs are declared illegal in the UK by their regulator Financial Conduct Authority or the FCA. They said that the owners of these machines should stop operating or else they will be sanctioned. As of writing this post, there are 70 Bitcoin ATMs/Tellers in United Kingdom based from the data on Coin ATM Radar. I was just wondering, how will these kind of actions by some regulatory body affects bitcoin and its value? Any thoughts? Nobody can predict for sure what's going to happen, but it's certainly a sign that the regulators in the UK want more oversight of even the smallest level transactions - apparently these ATM's were not doing adequate identity checks and this would open them up to money laundering concerns. I think we're going to see more action against cryptocurrency soon, as there are severe financial sanctions against Russia and they're going to be looking for all sorts of ways around them. The fact that many exchanges have refused to cooperate so far is going to put them in a bad light with politicians and the general public, so law makers will have an easier time taking action. |
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How is China playing this? a) Observing carefully as how the West is playing this crisis, how far they are willing to go when China invades Taiwan Russia invades Ukraine. How powerful is the response, how far is the West willing to go. b) Keeping a distance from both sides, but not "the same distance" from both sides: China criticized the Washington's response on Wednesday, saying the new US sanctions amounted to throwing "fuel on the fire" and were "irresponsible and immoral." In a joint statement, Russia and China called on NATO to "ideologized approaches of the Cold War" and "respect the diversity of civilizational and cultural-historical patterns" in other countries. As you can see, China is nothing but happy about this, as they are watching two potential enemies erode themselves and testing their strength. Lots of lessons will be learnt on the handling of this crisis and I would not say that Europe and Democracies are playing a great role in terms of intimidation, yet at least is managing to stay reasonably united. China are such a bunch of hypocrites and it is so clear for all to see. They say don't throw fuel on the fire? Well Russia has invaded a country in Europe - proceeding to murder civilians and level cities all over with zero justification. It is Russia that needs to learn to respect other cultures and civilizations instead of trying to impose their will by endless violence. There is no way that Russia comes out of this war successfully, even if they continue murdering innocent people their economy will be shattered for decades to come. The only way this ends now is with the downfall of Putin, hopefully he can be replaced by a democratic system which will take a long time to build. The Chinese are a bunch of cowards, simply looking to prop up another friendly authoritarian government but they'll both end up losing in the long run. Dictator Xi Jinping better be scared, this is the Chinese future. |
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It seems that the previous thread when Drake made huge bets on the Super Bowl at the Stake Casino has been continued: I received this information from Stake via email. It turns out that his previous cooperation with the casino gave a good conversion and they decided to continue it further. I wonder in what form the giveaway will take place, I would like to participate ) This is pretty disturbing news to be honest, as it is now totally clear that the whole superbowl stunt was rigged and a complete setup. He has clearly been in private communication with them for some time, this would not spring up out of nowhere and just goes to show he was open to working with them as a partner all along. Not that I'm surprised about anything that these celebrities will do for money these days, but nobody should have respect for Drake at this point. He's probably getting obscene amounts for this (at least a million, probably partially paid out of that "bet" he "won"). It's a shame that regulators don't crack down hard on these sort of sham advertisements. It's not like this guy ever needs to work again, but he continues to sell off his dignity for the right bidder. |
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I'm right here, Argument with my mate about the current invasion by Russia in Ukraine.
He just told me countries make money from war, could it be the journalist alone ? Government who please, I'm juvenile at this.
Different people gain and lose different things from wars, it is extremely fluid. Companies in the defense industry are likely to see a short to medium term spike which benefits them. Politicians who tell their armies to fight at the highest levels are often far beyond wanting any monetary riches from it, certain wars become ideological and are based on power projection, even if they do come across as incompetent they can kill a lot of people in the process. There are plenty of industries that also suffer from war, like we see record oil prices right now (bad for the general consumer) and there may be disruption to certain commodities like wheat or precious metals. In such cases mining companies who can supply from a further limited source may do well. |
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I learnt one thing, that from every rumour, there's an element of truth.
You didn't learn anything true or useful then, sound a bit gullible more than anything. While it's interesting to see a wallet "reactivate" after such a long time, it's pointless trying to work out who the owner might be and you're better off not trying to hypothesis leads because there is no purpose to it. There are lots of people with lots of money out there, maybe this wallet got cracked, maybe someone came out of a coma for ten years, what benefit is it to you? People always trying to unmask Satoshi when part of the charm and mystery around this entity is that they stay unknown forever, it's better that way. Either way, this person has just unlocked a lot of cash, so good luck to them. |
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"I was not born into a rich family, nor am I one who will receive much inheritance from my parents and I have to work hard to make ends meet." At least that's a sentence from my friend that inspired me to make this thread.
I honestly feel that the sentence above is one of the saddest sentences to hear when someone starts talking about their economic condition. It is clear that everyone is obliged to work to support himself and his family, but when they neglect investment then I believe that these people will never get rich except by a miracle of God.
Investing I mean not just crypto investing, but any investment he likes. This allows one to make good profits in the future. That is, the more assets that can be invested, the greater the bright hope for the future. I've heard stories about investing $1000 in crypto making someone a billionaire before (in our fiat currency), and it's a fact to say that don't expect to get rich without investing unless you are the heir to rich parents.
You have to define rich in this context, for most societies if you have a job that makes the average across the country it is possible with enough time and if you buy your own house to become reasonably comfortable. You are rich versus people who have the instability of renting from a landlord after it is paid off and you can likely live comfortably off a pension you might have accrued from your company as well. It really does vary so much between countries that it's hard to define, but most would be happy enough in that situation without the desire to be overly rich. Investing can come with very high risk depending on what you're buying into and can set you back quite far if you make the wrong choices, so be wary of assuming it'll work out well. |
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Another positive achievement for the Turkish football Giants as they successful bag a sponsorship deal with world renowned crypto currency exchange platform, Bitget. Bitget is a world class company that deal on Bitcoin and other related merchandise but have spread their tentacles and have partnered with the Turkish side, Galatasaray. This deal runs through the 2021/2022 season. Galatasaray vice president, Bike Kanke is excited for this collaboration and stated that the club had being in dire need of a crypto company who had an interest in football and are glad that one of the world's leading crypto company has set their sights on them. Bitcoin CEO, Sarah Lou is also excited for the partnership and is thrilled over the impact the club is having on the country. Bitget has partnered with clubs like Juventus and eSports teams like Professional Gamers League and Team spirit. Kudos to them 👍👍👍 https://cointelegraph.com/press-releases/bitget-signs-sponsorship-deal-with-turkish-football-team-galatasarayJust goes to show how much money there is in this business and how football clubs all around the world will accept it from crypto firms with open arms. I think the biggest sponsorship partner in this arena was probably seeing Crypto.com plastered all over Formula 1 races, but this year also saw a record amount of crypto related advertisers at the Super Bowl. It's worth considering that all this money is effectively being funded by the super high commissions and fee structures that these sites use. Frankly, you might be better off avoiding the larger sites that are going heavy on advertising because there are plenty of smaller sites who do not charge as much - just do a little research to make sure they have quality reviews. |
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The Russia's central bank wanted cryptocurrencies to be banned in its country but the Russian president, Vladimir Putin said bitcoin mining and other crypto mining will be beneficial for Russia. Some people at that time have been supectimg this could be a move by the Russia's president that he is planning to invade Ukraine which will result to sanctions, thinking cryptocurrencies would be a means to evade sanctions and make it economically less effective. Ukrainian Vice Prime Minister Mykhailo Fedorov demand crypto exchanges to freeze all Russian accounts so that the sanction can be effective, but most exchanges did not support this. I read few days ago that cryptocurrencies may not help in Russia sanction but FinCEN concluded that Russia can attempt to use cryptocurrencies to evade sanctions. FinCEN Provides Financial Institutions with Red Flags on Potential Russian Sanctions Evasion AttemptsWhat is your take? What role can cryptocurrencies play in helping Russia sanctions evasion and to what extent can this be? This is rubbish because the cryptocurrency networks do not have the capacity to handle the amount of transactions a country like Russia would need efficiently. Even if it did somehow manage to make this work, sanctions on any individuals or companies would wipe out any potential benefit very clearly - at best this could provide a very short term solution. However it will be of limited benefit to them right now, because the ruble has already plunged so far and a lot of their trade is denominated in foreign currencies, which they cannot get back into the country. Anyone who thinks they're smart by evading financial restrictions in this sort of way could become a huge target and be made an example of by many regulators. |
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Heartbroken parents say Hull teacher was victim of 'predatory' gambling industry. Whom to blame for this sad incident ? Why not try to find the root cause here first. Where were the parents when their 16 years old son was addicted to gambling ? They should have monitored his activities and this situation would not have raised. You cannot blame the doctors on insufficient medical treatments when the son could have be taught at home to avoid excessive gambling. I would consider it a negligence on parents behalf as it was their first duty to keep an eye on their children. You're right that there is likely some other underlying cause that drives people to gamble and figuring this out is super important if the person is ever to be free. It's the same with most addictions, at least the the beginning, there will be a reason that someone got into it - might be peer pressure or simply wanting to do what friends do, it might be a "fun" experience at the start, it might alleviate the feeling of boredom, it might be the buzz from winning, maybe it reminds them of a childhood with parents or many other things. Unfortunately at that age the human brain is still learning and developing, so it can be affected more heavily than an older person - whatever institution allowed them to gamble or provided machines without age protection are definitely somewhat responsible. |
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