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1  Economy / Economics / Re: If the global economy collapses what's the first thing you do? on: September 14, 2023, 06:21:38 AM
If the global economy collapses, the first thing I do is cash out my BTC and buy a boat. I don’t trust any government or institution to protect me or my wealth. I would rather be self-reliant and independent on the open seas. BTC is great, but it is not the end-all and be-all of life. You need to have a balance between digital and physical assets, and be ready to adapt to any situation. I'd also stock up on food, water, ammo, and gold.
2  Economy / Economics / Re: Human Capital, An Intangible Asset for a Company's success. on: September 14, 2023, 06:14:30 AM
Investing in human capital is crucial for any company's success. A satisfied and motivated workforce can significantly boost productivity and contribute to the overall growth of the business. It's not just about the number of hours worked, but the quality of work that matters. Providing a conducive work environment and acknowledging the value of employees goes a long way in achieving success. Great insights.
3  Economy / Economics / Re: Was just watching the big short. Why do the times suddenly feel similar? on: September 14, 2023, 06:09:55 AM
I completely resonate with your sentiments. Having experienced the 2008 crash firsthand, it's hard not to draw parallels with the current state of affairs. It's a reminder of why I believe in Bitcoin. Some might not fully grasp it, but our past experiences give us a unique perspective. I mentioned to a friend recently that something significant seems to be brewing. Let's stay vigilant, and as always, keep an eye on our financials. Accumulating Bitcoin might just be the safeguard we need.
4  Bitcoin / Bitcoin Discussion / Re: Franklin Templeton files for a spot Bitcoin ETF on: September 13, 2023, 06:16:35 AM
The latest company to throw their hat in the ring. While I don’t think this alone is a huge story, the overall picture of many companies filing applications for a spot ETF suddenly shows that maybe something has changed among regulators and the industry has caught wind that they’re ready to mass approve Bitcoin spot ETFs.

I think you’re right that there is a growing demand and optimism for Bitcoin spot ETFs in the market. The firms that are filing are hoping to capitalize on the success of the first Bitcoin futures ETF, which debuted last month and attracted over $1 billion in assets in its first two days. And a Bitcoin spot ETF would be even more appealing to investors, as it would track the actual price of Bitcoin rather than its future contracts. However, there are still some regulatory hurdles and uncertainties that could delay or prevent the approval - the SEC. It's still not clear when or if the SEC will greenlight Bitcoin spot ETFs. But it seems that the industry is optimistic and ready for this possibility.
5  Alternate cryptocurrencies / Altcoin Discussion / $28M stolen from CoinEx - are your funds safe? on: September 13, 2023, 05:50:57 AM
A crypto exchange based in Hong Kong, CoinEx, is dealing with a security breach. They've lost a significant amount of ETH and TRON from their hot wallets (4,946 ETH and 354,762 TRX so far). The company is looking into it and has promised to reimburse affected users.

Source: https://thedefiant.io/coinex-exchange-hacked-for-usd28m

Cyvers Alerts, a crypto alert platform, reported that one address received over $5 million in various assets from CoinEx - https://etherscan.io/address/0xcc1ae485b617c59a7c577c02cd07078a2bcce454

Well-known X/Twitter crypto investigator, ZachXBT, shared more addresses related to the breach in his Telegram. The story is still developing. Anyone affected? Please share your story.
6  Alternate cryptocurrencies / Altcoin Discussion / The implications of FTX's multi-billion crypto sell-off... on: September 13, 2023, 05:33:17 AM
FTX wants permission to sell $3.4 billion in crypto assets, including a big chunk of Solana (SOL) tokens. They're also tangled in a lawsuit with LayerZero over $21 million in lost assets. The Delaware Bankruptcy Court will decide today, September 13, 2023. FTX plans to sell tokens, starting with $100 million a week, possibly going up to $200 million for each type. FTX owns $1.16 billion in SOL tokens, a big part of their $3.4 billion crypto stash.

Source: https://decrypt.co/155844/ftx-looks-to-offload-billions-in-crypto-heres-what-it-means

Could this possibly have a major impact on the crypto market? I personally don't think so because of the $100-$200M selling limit per week. Also, FTX's Solana exposure is vested, meaning they won't be able to access those tokens until 2028. But, as we all know, anything is possible in crypto! Let's see how the market reacts.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Driving Mass Adoption: Account Abstraction and Privacy Solutions in Web3 on: September 12, 2023, 12:26:37 PM
Absolutely, the fusion of Account Abstraction and the Oasis Privacy Layer is great. But we should be mindful of a possible centralization issue. Depending on how it's implemented, there's a chance power could become concentrated in specific nodes or networks, which goes against the whole idea of decentralization in blockchain.

We also need to watch out for making things too automated. As we add more layers, users might lose touch with the inner workings, which could lead to a lack of understanding and too much reliance on automated processes.

So, while these advancements hold immense potential, it's crucial to approach them with a discerning eye. We need to think about potential complexities, security concerns, and finding the right balance between automation and keeping users in the loop. This way, we can ensure a responsible and effective evolution of the technology.
8  Economy / Economics / Re: Sabine Hossenfelder - Web3: World-changing tech or just a scam? on: September 12, 2023, 07:11:46 AM
It's exciting to see more and more conversations about crypto in the mainstream. We're at a crucial point in its evolution, and while there are hurdles like scams and volatility, these are common in any burgeoning industry. Remember, even the internet faced skepticism in its early days. As awareness grows, so will responsible practices and regulations. It might seem slow now, but each discussion, each project, is a step towards a future of widespread crypto adoption. Baby steps lead to giant leaps.
9  Economy / Economics / Re: G20 Presidency [Summit] on: September 12, 2023, 06:53:37 AM
According to some recent news articles, Indonesia has been conducting a diplomatic blitz to persuade the US and other Western leaders to attend the summit, despite their boycott threats over Russia’s involvement in Ukraine. Indonesia’s foreign minister said that they respect the sovereignty and territorial integrity of Ukraine, but they also want to maintain dialogue and cooperation with Russia as a G20 member.

And it seems that Indonesia’s efforts have paid off, as some Western leaders have signaled confirmation of their attendance at the summit. https://www.voanews.com/a/following-indonesia-s-diplomatic-blitz-western-leaders-say-they-ll-attend-g-20-bali-summit-/6640915.html

However, the situation is still tense and unpredictable, so Indonesia will have to balance its role as a host and a mediator between the conflicting parties.
10  Economy / Speculation / Re: The future of Bitcoin: Bullish or Bearish on: September 12, 2023, 06:42:28 AM
It's important to stay calm and not panic. There are a lot of factors that could be impacting Bitcoin's price right now, and it's impossible to predict what will happen next. Patience is key. Have a long-term investment horizon, especially for Bitcoin, because it will be a fruitful bull run for you.
11  Other / Politics & Society / Re: Pray For Morocco on: September 11, 2023, 07:06:07 AM
My heart goes out to the people of Morocco during this incredibly difficult time. The magnitude of this tragedy is truly staggering. The location of the epicenter, in the High Atlas Mountains, adds to the challenges. It's crucial that we come together as a global community to offer support and assistance. Death toll is now at 2,122 people and 2,421 injured (1,400 critically). Let's keep them in our thoughts and prayers.
12  Other / Politics & Society / Re: Publicly held Trump trials - ongoing on: September 11, 2023, 06:59:57 AM
We're really in a big moment for American politics. I'm more curious about what this might mean for the Republican Party. If Trump gets convicted, it could hurt their image and make winning elections tough. There might even be a rift, with some Republicans backing away from him while others stay loyal.

But even if Trump gets off the hook, there could still be problems for the party. All this attention might not sit well with voters, and it could overshadow other important topics they want to address. It's a real tight spot.
13  Other / Politics & Society / Re: Gun-Free School Zones & Shootings Statistics (2023 Updated) on: September 11, 2023, 06:44:07 AM
It's clear that there are complex factors at play, including gun accessibility, mental health, and legislative measures. In France, we have a different approach to gun ownership with strict regulations and limited access. This has contributed to lower incidents of gun violence. It's crucial for societies to engage in open dialogues and explore comprehensive solutions that prioritize safety and well-being for all.
14  Other / Politics & Society / China's iPhone Curbs Rattle Markets on: September 08, 2023, 11:49:14 AM
Apple's facing a rocky road in China as Beijing restricts iPhone use among government staff, causing Apple's stocks to drop.

Source: https://www.reuters.com/technology/apple-tumbles-drags-wall-street-lower-fears-grow-over-china-iphone-curbs-2023-09-07/

Not even strong ties with China can shield tech giants from growing tensions. The Huawei situation also adds to the complexity, with their new smartphone making progress despite U.S. sanctions. Apple's main chip supplier, Qualcomm, took a hit, and lawmakers from both parties express concerns about China's influence on national security.

This situation could reshape the tech market in China and beyond, potentially impacting Apple's standing. Probably other tech companies with stakes in both countries too. Anyone buying this dip?
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Google New Policy: NFT Ads is allowed starting Sept. 15 on: September 08, 2023, 08:05:12 AM
They've probably noticed how NFTs are becoming a big thing and how they're not just collectibles, but they can offer unique experiences. Take NFT games, for instance – they're changing the game in terms of ownership and rewards. So, it makes sense for Google to want to back this kind of innovation, plus it's a win-win with the revenue from these ads.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Coinbase launch a native coin/token for Base? on: September 08, 2023, 07:59:53 AM
I don't see Coinbase launching its own token for Base network anytime soon. Regulatory issues with the SEC could be a major concern, potentially risking their reputation and business. Plus, competing with Binance, a powerhouse in the crypto world, might not be their priority. It seems like they'd rather focus on their main services - creating a secure and user-friendly platform for crypto transactions. They might explore ways to incorporate Base network into their current products or offer incentives to users. While an airdrop would be cool, I don't think Coinbase is going in that direction for now.
17  Other / Politics & Society / Re: POLITICS on: September 08, 2023, 07:01:00 AM
Your poem really nails the chaos of politics and how it affects us all. I love how you describe it as roaring like a lion, creating conflicts, and blinding us to the truth. It's like we've forgotten our roots, right? But you're spot on about needing unity for victory. Thanks for sharing this powerful piece with us!
18  Other / Serious discussion / Human Embryo Grown from Stem Cells Alone on: September 07, 2023, 12:40:56 PM
Scientists at the Weizmann Institute have made a major breakthrough, growing a model that mimics a 14-day-old human embryo using stem cells. This "embryo model" was created without using sperm, eggs, or a womb, and even produced pregnancy hormones during lab tests. The hope is that these models will offer an ethical way to study the earliest stages of human life, a period often fraught with complications. However, this development has sparked ethical questions about how such models should be regulated.

Source: https://www.bbc.com/news/health-66715669

This embryo model is a breakthrough, but the 99% failure rate raises questions about its reliability for studying infertility and miscarriages. Plus, as these models get closer to real embryos, ethics come into play. This is a conversation that will require input from scientists, ethicists, religious leaders, policymakers, and the broader public.

Personally, I think there is something very wrong with this.
19  Other / Politics & Society / Re: Nuclear Waste Discharge by Japan on: September 07, 2023, 06:45:06 AM
Japan's choice to release treated water from the Fukushima plant into the sea stirred up a lot of debate. They say it's safe and meets global standards, but some UN experts aren't convinced. They worry about the potential impact on the Pacific region. The UN can make recommendations, but it doesn't have the power to force Japan to change its decision. They can only issue recommendations, resolutions or sanctions, but they cannot compel states to comply with them.
20  Alternate cryptocurrencies / Altcoin Discussion / MetaMask Unveils Instant Bank Withdrawals on: September 07, 2023, 06:36:02 AM
MetaMask just rolled out a cool feature: now you can smoothly turn your crypto into regular cash and send it straight to your bank. This is starting in the US, UK, and other parts of Europe, mainly focusing on ETH.

Source: https://coinmarketcap.com/alexandria/article/metamask-adds-bank-and-paypal-feature-to-withdraw-to-fiat

They're even planning to extend it to other networks soon. Plus, you can now add your converted fiat to your PayPal too. A handy update for MetaMask's 30 million users. But at what cost?

MetaMask conversion fees, and bank fees that would depend on your exact location. Security risks too. They require users to share their personal information and bank or PayPal details with Wyre, which may expose them to identity theft or fraud.

And if you're not careful, you may also lose access to your funds should MetaMask or Wyre suffer a hack, a breach, or a shutdown.

But, nevertheless, one step closer to crypto global adoption.
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