There's only pro in deflation when your economy is well above average or higher than normal rate of inflation, deflation is a sign of decrease of growth in economy since the value of products are going down and this also includes decrease of the value of the currency used in the economy.
Deflation generates a vicious circle. Prices go down, profits tend to go down with them and the economy suffers and a lot of people lose their jobs or have to accept lower wages. So people have less money, so they consume less lead to reduce demand. Therefore, deflation is more dangerous than inflation. Because eventually, production, investment, employment and GDP take significant hit. The same goes for inflation, though, doesn't it? Prices keep increasing, the living costs increase and burden consumers who are looped into a vicious cycle of more and more expensive products. Certainly, both deflation and inflation are bad. I remember, a few weeks ago, reading an example of why deflation is worse than inflation. You're going to buy a car, the price has changed and now costs $500 less. Hearing this, you're waiting and expecting the price to drop even further, thus, you're not spending, the dealership is not making any money and is unable to pay their employees, who are made redundant. With inflation though, you're pressured to purchase in advance, because you're expecting price increases, thus, money is being spent, which is beneficial for the economy. A personal example, when the war started, we were expecting massive price increases in petrol. Thus, I proceeded to put fuel before the price increased any further. On the other hand, when oil crashed a few weeks ago, I waited a couple of days till gas prices dropped at the pumps. |
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I recently saw a video (will update my post if I stumble upon it again) regarding UK's inflation records in electricity, claiming that UK's reliance on Russian imports was only 4% for CNG, but still, they were facing massive surges in electricity prices. A quick google searched revealed that UK's imports are minimal, about 9% of oil and 22% of coal are imported from Russia. Facing such high electricity and petrol prices looks pure speculative to me. Correct me if I'm wrong, someone from UK might be more knowledgeable, but I don't see another reason. Personally, I believe that some corporations are taking advantage of the current situation and excessively increase their prices in the name of war. Electricity providers and oil companies are some reasonable examples, who have scored billions in profits the past few months. Source: https://commonslibrary.parliament.uk/research-briefings/cbp-9523/ |
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~snip!
It feels like 40 hours is enough quite frankly, although being able to work overtime when you feel like it is a very nice perk - especially if it pays a higher rate. Unfortunately jobs at the lowest end of the spectrum can require zero skill and only a bit of training, which makes these workers particularly replaceable. The only way to get paid a better rate per hour is if you have harder skills to acquire - whether that is an electrician, doctor or even a programmer. You do seem to be stuck in an extreme situation though, I don't know how you can tolerate working 16 hour days and get the feeling it is a bit of an exaggeration, it certainly is not healthy to be doing that for more than a few weeks. Nor should the supermarket accept it, because you a presumably a good worker and it just means you'll burn out. Honestly, even when I was working 48 hours/week, for 6 days, I always felt that I didn't have enough time to rest. I was working from 6 am to 2pm and always felt tired, one day off wasn't enough. As much as I'd like the 16 hours to be an exaggeration, it's not. I'm currently working from 18:00 to 22:00 at the hotel's restaurant, 23:00 to 07:00 at the reception and 08:00 to 12:00 at the supermarket. I only get Sundays and Mondays off from the supermarket and Monday from the restaurant. Thus, the day I have the most available time is Monday, working only from 23:00 - 7:00. I'm only going to be doing it for a little more than a month, is it worth it? Not really, I'm not going to have any free time for over a month, since commuting to work also consumes a good hour too. Would I do it again? Certainly not, I'm not going to overwork myself for money ever again (at least I'm hoping to). My personal physical and mental health are way more important, it sucks not even having a break to relax and do something. Take care of your health. I used to work more than 100 hours per week because I was younger and I can handle stress and haven't felt any fatigue in my body. Soon, you'll realize that you need to minimize the working hours you do per week because your health should be prioritize. How many hours/week is the typical in your country?
Nothing has changed, 8-9 hours per day so around 40-48+ hours and you're likely not a good employee if you don't allocate a few free overtime. Yeah, these companies sucks and that's why I quit too early.
Totally, I'm not taking care of my self nor my relationship, certainly an example to be avoided. I hate it that employers treat you like rubbish for pointing out obvious things, to be paid for any overtime you do and for willing to have a personal life. |
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Alright, this is nothing but my personal opinion on the subject. At the start of the invasion, Putin underestimated Ukraine's defense and overestimated his army's capabilities. He believed Kyiv could be conquered within a week and was quickly proven wrong. However, he changed his invasion's strategy shortly after and proceeded to reorganize the whole invasion by setting up a more methodical approach.
A quick look at the war maps and unfortunately, it's evident that Russia is slowly but steadily advancing over the Ukrainian soil. His approach now is much more organized and has managed to disrupt Europe's economy. The war is likely to last more than a year, at least.
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Alright, the official statistics regarding inflation are out. According to the Hellenic Statistical Authority, inflation has slowed down to 11.1%, compared to 11.6% in July and 12.1% in June. In my opinion, the tourism sector, which is experiencing a record-breaking season is to blame for inflation's slow down. However, while this is positive news, because it could have also skyrocketed even further, it's not enough to notice any kind of difference. Goods are still becoming more and more expensive, petrol is somewhat cheaper, but certainly not enough to drive prices down. Electricity on the other hand is 100's of time more expensive than it was. We won't have tourism in the winter to slow down the inflation, what's going to happen then? Source: https://www.ot.gr/2022/08/31/oikonomia/eurostat-sto-111-o-plithorismos-stin-ellada-ton-aygousto-sto-91-stin-eyrozoni/P.S Couldn't find an English source for August inflation statistics |
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Especially after the pandemic, flexible working schedules keep popping up, either through working from distance, or less hours. Only a few countries have embraced working 4 days a week, instead of 5 or 6, and case studies have shown positive results. Some of them include, the UK, which has recently begun one of the largest trials of the 4-day working week, Belgium, Iceland, Ireland, New Zealand, Japan, Spain and the UAE. The 5-day a week is one of the most common ones, however, with the evolution of technology, longer hours don't necessarily guarantee a higher productivity, most likely the opposite.
Some of the benefits 4-day work week include:
Reduced costs on both ends, employees will have one less day to commute to work, while avoiding paying extra money for lunch, coffees etc. The employers on the other hand, will have the office closed for one more day, reducing running costs.
Happier employees and better mental health. Having more free time increase overall happiness and improves work-life balance, which can result into lower levels of stress and a generally better mental health, something which is suffering in our day and age.
And most importantly, increase in productivity levels. Overworked and stressed employees are actually less productive than those working a normal or reduced working week.
My case - Example to avoid
By law, in Greece (and most of Europe to be honest) the typical working week comprises of 40 working hours. However, this rarely happens in the private sector, where in most cases you're working up to 48 hours/week, with one day off in a week. In the tourism sector, it's actually a lot worse. Employees are working 7 days/week, up to 8-10 hours per day and not usually not being paid good enough.
Personally, in May, I started working at a known supermarket chain for 20 hours/week (part-time). I wanted to take a little time off, after working for 4 years full-time with only one day off per week. My plan backfired though, the money wasn't enough to keep up with the increasing living costs and started working at a hotel's restaurant, another 24 hours/week. Recently, I was proposed to work the night shift at the hotel's reception, because the former employee had some family business to attend to and had to leave. Me, wanting to make some extra money due to having upcoming expenses, accepted. Now, I'm working 16 hours per day, except Sunday and Monday which are my days off from the supermarket, which equal to 100 hours/week (a week is comprised of 168 hours). Of course, I will only be doing that for September, and here I am, writing this post during the graveyard shift.
How many hours/week is the typical in your country? How many hours are you actually working and how does a 4 day work week sound?
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~snip~
After Luna's incident I can't believe on anythings . I doubt how reliable anyone else would be for savings or stacking than Binance. In fact, one should not be tempted to invest by seeing high APR. But you can choose Binance, 10% APR and still, banks don't want to pay more than 7/8%, and Binance is ahead of all others in the set. The issue with Binance is that it offers 10% APY up to $2.000 for BUSD and USDT. Thus, the most you can actually get is 10% APY for $4.000, it's not bad, but it's not great either. Banks do not offer more than 0.10% at best, personally, I'm aiming to achieve an APY of at least 15% for my funds, it would be ideal. Binance however, looks undoubtfully more trusted than a random vault on Beefy. It would suck big time if I end up losing my money for a 5% increase. Still, Beefy is offering vaults with a higher performance, such as the following two: https://app.beefy.com/vault/cone-usdt-usdchttps://app.beefy.com/vault/cone-usdc-busdBoth are scoring an average of over 15%. They do look enticing. I have known Beefy for over two years, I staked BSW in one of their offered services until I withdrew it to invest in Axie Infinity which I regretted. I do think staking in beefy is pretty safe but of course, Binance in terms of reputation far exceeds Beefy. Both vaults I quoted are on Binance Smart Chain, the coins are certainly safe, I don't know about the platform though (Cone). Generally, as you've also mentioned Beefy is quite safe, and their smart contracts are mostly checked thoroughly. The only risk I can possibly find is the APY dropping in the near future. I believe that the only way to achieve a higher APY is to constantly find new vaults to switch to, providing that the withdraw and deposit fees are not high (Beefy is claiming a 0% fee in both cases, at least for the two specific vaults). |
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~snip~
After Luna's incident I can't believe on anythings . I doubt how reliable anyone else would be for savings or stacking than Binance. In fact, one should not be tempted to invest by seeing high APR. But you can choose Binance, 10% APR and still, banks don't want to pay more than 7/8%, and Binance is ahead of all others in the set. The issue with Binance is that it offers 10% APY up to $2.000 for BUSD and USDT. Thus, the most you can actually get is 10% APY for $4.000, it's not bad, but it's not great either. Banks do not offer more than 0.10% at best, personally, I'm aiming to achieve an APY of at least 15% for my funds, it would be ideal. Binance however, looks undoubtfully more trusted than a random vault on Beefy. It would suck big time if I end up losing my money for a 5% increase. Still, Beefy is offering vaults with a higher performance, such as the following two: https://app.beefy.com/vault/cone-usdt-usdchttps://app.beefy.com/vault/cone-usdc-busdBoth are scoring an average of over 15%. |
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We do not expect gas prices to ease this year. Because of the Russia-Ukraine war. And also the World Bank warns the global economy may suffer 1970s-style stagflation. Even electric vehicles and green energy have their own disadvantages; they need high expenses and high technology, so they will take time. It's far from easing this year. I thought that we'll have the series of roll backs but it seems that it won't be on a spree. There's another round for the price hike for this week. So the government should initiate temporary solutions like reducing tax rates etc.
They are increasing the interest rates and that's what it should be. I just hope that most countries don't give that much aid or free money ever again because that's where the economy falls. Look at the countries where they've got that much free, it's not sustainable but I admire those countries that are able to sustain it and gets a budget for those free money they give out. Oil has been extremely volatile lately, it's a rollercoaster. Exactly 2 days ago, in 30th of August, oil had skyrocketed once again surpassing $100/barrel and going as high as $105. Two days later, despite Gazprom's announcement that it'll be cutting off supply to Germany and France, oil has crashed below $100, trending at $96/barrel (Brent oil). In my opinion, low prices (below $100/barrel) won't be sustainable, Russia is a leading giant in oil and CNG, while their supplies won't be replenished anytime soon. I can't fathom what they were thinking when imposing such sanctions, EU's and NATO's actions are responsible for the current state in Europe, it could have been avoided. It's one of the main reasons inflation isn't going to get any better within the next few years, while we're also facing the risk of electricity and oil supply shortages within the upcoming winter. |
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This has been discussed many times in the past, even had a discussion about it in meta a month ago: https://bitcointalk.org/index.php?topic=5407593Report them and move on. I keep saying it, but the campaigns that put up with this are crap and don't care. So in the end they are crap posts from crap posters who are supporting crap scams. If those people get banned an entire new crop of crap posters show up. -Dave In my opinion, it's not the user's fault in this case. 1xbit is providing a loophole for spammers and abusers to take advantage of. No other campaign would want to pay such posters, if 1xbit's campaign didn't exist or was prohibited on the forum, we wouldn't see so many abusers. Reporting them individually probably won't do much, moderators may not be present when the post is made and by the time they investigate them, the posts will already be edited and filled in. As long as 1xbit continues paying its participants, we'll see examples like these. |
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Report the users posts. Maybe if enough reports are sent in showing how they edit posts for sig pay, it could lead to the accounts getting a sig ban or perma ban. I would only report the edited posts though to try and show their pattern.
By taking a quick look at the second and third photo, you can see that 7 and 5 posts respectively were completely blank, but also all done within a few minutes before 12 am. These users are probably following such pattern for quite some time and many of their posts are conducted this way. Can moderators see that they've been edited? If not, does ninjastic.space record such changes? This isn’t first time here. A lot of users are having this practices for a quite long time. You know bitcointalk isn't anymore the forum it used to be/it should be. It has gone fully commercial. Report the users posts. Maybe if enough reports are sent in showing how they edit posts for sig pay, it could lead to the accounts getting a sig ban or perma ban. I would only report the edited posts though to try and show their pattern.
Users will have an argument against a ban for this. It can be a low value content when posted but when edited, it may not be the same low value content. I guess moderator won't take action then. In this specific case, the ending posts are not too much of a contribution to the discussion. However, back in 2017, I remember things worse, before the introduction of the merit system, the forum was filled with spammers. Currently, I believe that this is caused because of 1xbit's campaign. It's offering low quality/spam posters an opportunity to earn money, in any other scenario, they wouldn't have been accepted in any signature campaign. |
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A few days ago I saw two specific users, of the same signature campaign (wouldn't be surprised if both accounts belong to the same person) making blank replies around the forum. At first, I thought nothing of it but then it struck me, the posts were a few minutes before midnight, indicating that they're trying to reach the minimum post quota and proceed to abuse the edit function later, in order to fill in their replies. Went to sleep and checked in the morning only to be proven correct, both users had edited the blank posts and filled in some spam 1-liners. It's pretty evident that this signature campaign is filled with spammers, who don't mind promoting a service that has scammer numerous users, and are also abusing basic forum functions in order to reach their minimum quota. They're the following two users, Theones and bitgov: https://bitcointalk.org/index.php?action=profile;u=502210https://bitcointalk.org/index.php?action=profile;u=253969Excuse me for the photos, they're not that convenient looking from my phone. Photo proof      |
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The situation I believe is currently hitting almost every country due to sanctions impose on Russia and hence causing supply shock.
here in my country due to the hike in price of fuel recently though we're one of the oil blessed nation, it has drastically increased the price of transportation and base on past experiences, whenever the price of fuel is increased in my country it usually affects the price of goods and commodities , so this price hike has even worsen the case here coupled with the current inflation ravaging the Economy. But all this for my view is coinsidently happening to help shift the world's dependency on fossil fuel and into Greener energy they have been advocating for years now.
We do not expect gas prices to ease this year. Because of the Russia-Ukraine war. And also the World Bank warns the global economy may suffer 1970s-style stagflation. Even electric vehicles and green energy have their own disadvantages; they need high expenses and high technology, so they will take time. So the government should initiate temporary solutions like reducing tax rates etc. It's been a while since I posted on this thread but wanted to make an update anyway. I don't get where you're seeing a possible ease on oil prices, there was a decrease in global prices the previous weeks but it was short-lived. We're already above $105/barrel of Brent oil. I'm certain that gas prices will remain at current levels for the whole 2023, unless the war, the sanctions or both end (both are unlikely). |
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Suicide is never an option , commiting suicide means one is weak. Their is no problem or situation that is worth a person taking his/her life. In life their is hope always hope and no problem is permanent. People need to learn that in life we have hard time and good time. Causing suicide is putting love ones and family in pain.
I agree with you on many points. But let me ask you about some situations in which suicide might seem a reasonable option: - Have you heard of euthanasia? When a person chooses to end his life because he cannot bear the pain of the disease that will inevitably lead to his life. It is true that doctors are the ones who do this, but it is at the request of the sick person, meaning that it is suicide. - There are cases of oppression and persecution that a person experiences, and he cannot do anything about them except to end his life. In my country, women live in situations of injustice and persecution, and they cannot prove their rights even by law. Is suicide better than continuing to suffer? - Likewise, cases of addiction for which there is no solution, the addict in a moment decides to stop the bleeding, especially if what he is doing is harmful to those around him. What do you think of these examples? Euthanasia is similar but not identical to suicide, it has a whole different purpose and meaning. I'm not against it in cases of severe health issues, in which people are clearly suffering. Some instances include, being in a coma for years or facing incurable diseases, with no signs of recovery, falling into a vegetative state and so on. Only a number of countries have legalized euthanasia, including Switzerland, Netherlands, Belgium, Spain, Luxembourg, Canada, Colombia, Australia, France, New Zealand and 10 states of the USA, with France and New Zealand being new additions to the list (2020-2021). |
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There are actually a few examples of such future cities being planned, such as the one you mentioned called "Line", in Saudi Arabia. Before seeing the article featuring it, I had no idea that someone would actually planning to build such a city, they honestly look too futuristic, coming from a sci-fi movie. While the whole concept of smart cities along with Blockchain technologies and even cryptocurrencies sound tempting, they don't look humane or earthly. Personally, I'd prefer a concept of a green, sustainable city which looks humane and respects traditional values, heritage and nature. A decent example is a project in Mexico, called "The forest" and is claimed that it'll be the greenest city in the world. https://www.ubm-development.com/magazin/en/the-greenest-city-in-the-world/ |
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And what do these high APYs give you? As practice shows, many pools instead of the claimed 12-18% APY actually pay 5-6%. If you think you should focus on finding stablecoin stackings that will pay 16% APY or more, that's a bad idea. You're not likely to get paid that much. Staking pools like to use floating interest rates and all that high interest very often turns into 3-5%. When I used Beefy's vaults before the Luna incident, I hadn't noticed anything like that. I was earning slightly more than I'm earning now with 10% APY, but I have however heard about what you mentioned before. I'm aiming to achieve a small but noticeable increase in my passive earnings per month. On the one hand, I'm not sure if it's worth the risk, but on the other, if you're not willing to take risks, you'll never achieve higher incentives. I already have this amount of money lying around, achieving some kind of return is better than having it sit in a bank account with zero interest. |
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16% APY is quite high if you think about it. if its too good to be true, you better suspect there is something to it. how trusted is beefy?
and don't you think staking stablecoins now will result to missing the opportunity to invest in crypto with low prices?
if i were to decide i don't want to lock my usdt or busd for a year to receive that 16%. i'd play it and take my chances.
You don't have to lock your funds on Beefy, you're free to withdraw your funds whenever you want. The specific vault is consisted of BUSD and USDC, both are great stablecoins and the risk of them depegging or failing is close to zero. My main concern would be the vault itself, not the coins. The market is uncertain and the crash of Terra, Celcius, Voyager warn us that if you ignore signal of risk and hunt for profit, you will lose your money in bad accidents.
Stablecoins are not safe because they can be de-pegged by algorithms, or fud, or sanctions from governments. You don't know what will happen with the stablecoin you are holding.
If you want to have safe holding, hold fiat currency like US. dollar. Why do you have to hold USDT or BUSD while you can hold US. dollar that is safer?
Staking stable coins bring another risk when you have to rely on another platform, staking pool. What will happen with them? You don't know. If they get bankrupted, what will happen with your stable coins there?
We're in a cryptocurrency forum, why would I hold fiat currency such as USD? Where's the profit in that? We already saw how Euro is performing the past few months. Staking stablecoins provides you with a small source of income, in my case it's at least 10%, by holding fiat, I won't achieve an APY greater than 0.10% at best. |
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Before the Terra-Luna incident, with UST crashing, I was into staking stablecoins on Beefy for an average of 12-15% APY, which isn't that bad. However, the whole incident took a toll on me and quickly withdraw from DeFi altogether and temporarily put my money on Binance Savings, for 10% APY, with interest distributed on a daily basis. Certainly, it wasn't the best move, but at that point, it was the safest option, at least till things stabilize. According to Beefy's discord server, the past few months it's struggling to make ends meet and had to go through changes regarding their fees and BiFi's yield. Ideally, I'd move my funds from Binance to somewhere decentralized again, but after UST dropped to zero, I was skeptical. I'm currently browsing on Beefy and see some interesting options, such as USDC-BUSD, linked below. It's offering 16% APY but the TVL is relatively low, should I be worried about it? Any suggestions or what to look for? https://app.beefy.finance/vault/cone-usdc-busd |
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I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?
if you really are not bothering about bitcoin price then you may have not created this thread so i'm sure you are checking how the people sentiment about bitcoins movement in the coming days. Mate either 19k or 15k? what is the difference if we are truly for long term holding ? or at least you are looking for a chance to buy more? I'm not too bothered about Bitcoin's price either, it is what it is. I currently don't need that money, and I'm willing to wait, OP might be trying to find an opportunity to obtain more, something which I'm also trying to do, but for BNB. I think $19,000 is a bit high for a low end target considering we're dangling right above it and mtgox customers are expecting to unload a ton of BTC onto the market. I think a bottom in the $13K to $17K is much more realistic. I've been urging friends to start dollar cost averaging in for the next cycle run now. I am under the belief that if you buy $100 worth of BTC per week, you're possibly able to amass $100,000 in 2 years.
Yesterday's low was at $19.890, not that far from $19.000, with the current devastating recession, I wouldn't be surprised if we crashed even further. About a month or so ago, other users were speculating that Bitcoin could even crash below $15.000, and reach as low as $10.000. Some stated that such prediction is out of the ordinary (the $10.000 sounds doubtful for me too), but with everything going from bad to worse, I wouldn't be surprised. |
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I like to cook a lot, and I've noticed that basic cooking goods have gone up in price but still somewhat manageable. I'm starting to see increase in sugar and salt in our local market and that could not be good. On other stuff, I don't see any increases whatsoever, but yeah the effects of inflation is slowly settling in. Some of them are artificial, as some mad men decided that it's best to hoard lots of sugar and keep them as a secret to inflate prices. Some are really genuine, and that's what's really bothering me at this point. The government has to find out whether the inflation that we're experiencing here is just artificial, else they have to do something to control the prices to not hurt those people that only has enough to survive.
I've seen a huge spike in sugar, flour, pasta, meat and dairy products. As a matter of fact, for some reason, in the supermarket chain I'm working at, there's a constant shortage in sugar, which is concerning. Actually, governments can take measures in order to tackle inflation and the increasing prices, by imposing a cap, limiting how much certain goods can rise in price and by limiting and punishing speculation. Unfortunately, lots of goods have increased in price, simply in the name of war, a large percentage of the inflation we're experiencing is speculative. |
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