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1081  Economy / Economics / Re: Bitcoin Legal Tender in Central African Republic on: April 28, 2022, 11:52:32 PM
I would be interested to know how the site of the rwandan genocide came to legalize bitcoin as legal tender. A region currently in a state of civil war. There must be an important story behind it that is worth knowing.

I hope bitcoin becoming legal tender will help citizens there elevate their quality of life.

What ever happened to akon city and promises to create a techno futuristic place in africa resembling wakanda from the black panther movie. Need updates on that.
1082  Economy / Economics / Re: Evaluating Tokenomics on: April 28, 2022, 11:45:32 PM
I think tokenomics valuation is all about basic fundamentals.

While marketing and hype train elements of tokenomics seek to make everything about gimmicks.

Tokens need a solid foundation to thrive: good team, good concept, good implemention, good market niche, good community. That can help to guarantee long term growth. Long term growth and stability which could be boring for most who seek short term gratification. And therein lies the difficulty many will face with token eval.

The most valuable and best performing tokens are ones that helped to solve basic problems or provide people with greater tools and opportunities. There is a certain honesty and dignity in these types of projects which seek to provide legitimate value to their user base. They don't need excitement or hype.
1083  Economy / Economics / Re: "I'm afraid that I don't hear a thing" ...Do you guys see any biz op ? on: April 28, 2022, 11:33:21 PM
Curious about the fertilizer part. I'm wondering if organics will be able enough to supply farms if those fertilizers based on gas ran out or even outright become unavailable or it would result in a situation like in Sri Lanka where their food production went down after they stopped importing fertilizers. Composting is just basically returning back the leftover nutrients after you harvested your crops, it don't really add anything new to replace what's used for the crops unless you bring nutrients from an outside source (manure from someone else's livestock for example).  


I'm curious about this myself.

Manure is grass and plant life that has passed through a cows digestive tract. In theory it might be possible to harvest grass and process it through an acidic decompositional state similar to a cow's digestion to produce unlimited amounts of organic fertilizer. It is very easy to get nitrogen and carbon from compost and decomposing plant life. The more difficult to obtain nutrients are phosphorous and other elements more commonly associated with fertilizers.

I've been experimenting with this for awhile now as a side hustle and don't a good conception of it. Sources I've read claimed things like hair and bone can be good sources of phosphorous for natural fertilizers. I'm not certain how to go about trying that on a larger scale without it being weird.

I was thinking mixing grass and compost with an easy to obtain acid like apple cider vinegar might produce something like cow manure. And I have read that apple cider vinegar added to compost can have positive effects. But I don't know that anyone has tried to artificially produce organic fertilizer in a process resembling the one that produces cow manure.

I need to improve my comprehension of basic chemistry and have a better idea of how difficult it is to produce fertilizer nutrients like phosphorous before I have a clear and solid answer to this.
1084  Economy / Economics / Re: Russia suspends gas supplies to Poland and Bulgaria for failing to pay in rouble on: April 27, 2022, 11:57:09 PM
Putin announced gas must be purchased in rubles (didn't I later read somewhere that this was a hoax demand by Putin). It seems Putin follows through on his promises.

Could people lose faith in the european union if it fails to negotiate with russia and provide its states with protection? The EU is in a difficult situation being geographically located near to russia and china while attempting to maintain friendly relations with both.

Is there anyone who will step in to fill the vacuum and provide poland and bulgaria with alternatives? I think Elon Musk might do it if he hadn't already spent $40 billion on twitter. How much would it cost for europeans to develop alternatives to russian gas?
1085  Economy / Economics / Re: EU suggests we should all go eco and sing kumbaya on: April 27, 2022, 11:50:11 PM
One hectar of land has to feed around six people ... with organic fertilizers you can't do that


There are cases of people growing 71 pounds of potatos by accident:

71 Pounds Of Potatoes By ACCIDENT!
https://www.youtube.com/watch?v=Zs1lKDvyBDY

I'm not certain how easy or difficult it would be to grow food for 6 people on 1 hectare of land, which is approximately 2.4 acres. I've never tried it.

Organic fertilizers have feedstock, production and transportation restrictions in contrast to chemical fertilizer.

The amount of cow manure that can be generated is restricted by the amount of grass and cows on hand. Transportation issues. While chemical fertilizers have no limits on production.

Organic fertilizer production could be scaled upward but it would take time.

There are already many transitioning to off grid permaculture living. To be effective, it could require people moving to rural areas where they have more space and land. Maybe the state could donate land to be developed into farmland on a volunteer basis. With sponsors pitching in to provide equipment and other necessities.
1086  Economy / Economics / Re: CBDCs really worth it? on: April 26, 2022, 11:55:57 PM
CBDC is perceived as being an integral component of a digital cashless society.

A cashless society makes it difficult to tip waiters and strippers. It makes it difficult or impossible for transactions of used goods and services, without the approval of a central bank. Small businesses who can only exist through paying employees cash, may no longer be able to operate under CBDC / cashless society formats.

CBDC and a cashless society could create a world where people have access to fewer opportunities and financial tools.

It is no surprise that CBDC and the concept of a cashless society would be met with widespread disapproval.

Macron worked in the banking industry for many years and may not be the most independent or objective source on CBDC. Macron's public approval rating is also not the best. I think his approval rating is 20%. Which could mean as much as 80% of the population in france oppose CBDC/cashless society.
1087  Economy / Economics / Re: "I'm afraid that I don't hear a thing" ...Do you guys see any biz op ? on: April 26, 2022, 11:37:49 PM
Agro biz you need big capital + fertilizers prices are up
Construction ...no one is buying / construction materials prices are up
Anything production related is dead do to energy high prices

It's like people are not investing in anything this days and they just buy basic stuff / raw materials ... and waiting for war ...


Rising food and fuel prices are cutting deeply into disposable income which would normally be spent on entertainment, travel, tourism. Eras of economic crisis are also correlated with greater consumer savings. There were recorded levels of consumer savings recorded around 2020. All of which contribute to spending declines in the economy.

There is such a thing as natural sources of compost and fertilizer. Natural gas based fertilizer prices can rise, at a certain tipping point cow manure could become more viable.

Construction and production wise I'm wondering if 3d printed components and parts could become more viable as the cost of production rises.

There are definitely opportunities out there although some things will definitely become more difficult as disposable income of consumers declines.
1088  Economy / Gambling discussion / Re: Where does your country stand ? on: April 26, 2022, 11:24:58 PM
The united states is the most restricted and regulated country in the world for gambling. It could never be #1. It would be surprising if american electronic gambling markets ranked in the top 5. Due to many US states outright banning fantasy sports like draftkings and fanduel. And many of the best sportsbooks banning american residents.

Back in the day it was pinnacle sportsbook that american gamblers wanted support from. Later on 5dimes became the go to book when they implemented bitcoin support. Now americans have fewer options and it would seem that gamblers of every country have better gambling options as far as the internet goes.
1089  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Gen Z on: April 25, 2022, 11:31:36 PM
There is a game called Coin Hunt World that is similar to pokemon go.

https://coinhunt.world/

I will try to get some of my generation Z family members (when they get older) playing to see if they like it.

My nephew is 8 years old and he knows what DOGE coin is. Youtube, tiktok and other social media platforms seem to have enough crypto content that everyone in that age bracket must have heard of DOGE and similar coin meme trends.

In terms of the youth in my family, the things they're most interested in are fortnite and talking to their friends on the phone. Unfortunately none of them are very interested in crypto.
1090  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: April 25, 2022, 11:27:10 PM
Don't you think that after all the innovations that come from the USA and Europe, can't we significantly lessen the demand on gas and oil if the situation really requires that from us as soon as possible?


Russia built a mousetrap called russian oil and gas. Its up to someone to invent a better mousetrap than what russia currently has.

An alternative that can solve energy demands in a more convenient and affordable fashion. For that we look to energy markets. New developments and innovations. Europe might switch to electric heaters powered by the electrical grid. But it would require improvement of grid infrastructure and power generation that isn't supplied by russian sources. There is a question of where funding for these projects would be supplied from.

Much of europe appears to lack the sunlight for alternative solar power. And wind to switch to windmill based energy. This results in nuclear and fossil fuel being deemed most appropriate for the region.

Hydrogen energy could be worth pursuing for europe(and no I'm not biased because of my username). That could be one available energy market russia lacks a dominant presence in. It has been said that current gasoline transportation and storage units can accommodate hydrogen fuel. Which means a good part of the necessary infrastructure is already in place.

There are hydrogen concept vehicles being driven and tested for all to see:

https://www.youtube.com/watch?v=ONICQ9Xcaug

The technology may finally be ready for prime time application.
1091  Economy / Economics / Re: Does anyone care about the environment? on: April 25, 2022, 11:07:14 PM
It would help if people knew what things they might do to accomplish positive change in the world. Steps they can take to reduce reliance on russian gas and help to create a better and healthier planet.

7 billion people across the world is a considerable amount of man power. If we're to improve circumstances, it makes sense to target that majority demographic. Rather than exclusively relying upon less than 1% of the population that tends to be proactively support climate change goals.

There are stories about one african man who grew hundreds of acres of forest in africa to address climate change. And that was only 1 man. Imagine what could be achieved if all 7 billion people in the world contributed.

I'll try to do my part to reduce greenhouse emissions and plant trees to absorb carbon and hope everyone else can find it in themselves to do a little that helps make things better.
1092  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: April 25, 2022, 10:58:41 PM
Is anyone unhappy with judging decisions in MMA over the last few months?

Is it my imagination or is judging becoming less reliable and more crazy over time?
1093  Economy / Economics / Re: Ubi usa unversal basic income on: April 25, 2022, 10:38:02 PM
The trend of UBI was covered by nobel prize winning economist Milton Friedman who said: "we have a system which taxes work, to subsidize non work". This is the main point of contention with programs like UBI.

Implemented in moderate terms programs like UBI can be efficiently and effectively maintained. Countries like denmark are known for subsidizing UBI programs to pay students $1,000 monthly stipends and benefits. They can do this successfully without resorting to extreme measures, due to them being small and sparsely populated nordic regions. There is a question of whether these programs can scale.

In certain extreme cases, programs like UBI can become dangerous. Taxing work to extremes to subsidize extreme degrees of non work can reach a point of unsustainability.
1094  Economy / Economics / How Sweden Sends Just 1% of Its Trash to Landfills on: April 22, 2022, 11:54:16 PM
Quote
The country incinerates nearly half its garbage to create the energy that powers its homes and buildings.

In the vast majority of countries, landfills are growing at an unsustainable rate. According to the International Solid Waste Association (ISWA), 40 percent of worldwide waste ends up in open, uncontrolled dumpsites. As many as 38 of the 50 largest landfills threaten to pollute the sea and coastal areas, while 64 million people are directly affected by them, often with severe health problems. Perhaps worst of all, landfills’ decomposing trash spews climate-altering methane into the atmosphere. “At the current rate, at least 10 percent of global greenhouse gas emissions will come from the world’s landfills by 2025,” reports the ISWA.

As the world seeks out ways to shrink its open mountains of garbage, Sweden, a country that sends less than one percent of its waste to landfills, offers an alternate path. Much of Sweden’s success in reducing landfill waste can be credited to its high recycling rates: between recycled solid waste and composted organic matter, Sweden recycles nearly half of what it throws away.

What it does with the other half is what sets Sweden apart from much of the world. Nearly all of Sweden’s non-recycled waste is burned to generate electricity and heat. It’s a method that, while emitting CO2, is far better for the climate than sending garbage to landfills, according to the Swedish government and proponents of waste-to-energy technology. “Energy recovery is the best available technology for treating and utilizing the energy in different residual wastes that can’t easily be recycled,” says Klas Svensson, a waste-to-energy technical advisor at Avfall Sverige, Sweden’s waste management association. “For many other countries in Europe, it represents an opportunity to both replace Russian gas, and at the same time phase out landfilling.” It also happens to earn Sweden a good deal of money.

Sweden was an early adopter of waste-to-energy. Its first plant started operating amid a post-war home-building boom in the late 1940s. The new houses were connected to district heating networks, which generate heat at a central location and pump it out to individual homes, rather than each house having its own boiler.  Over the years, more of the energy powering these district heating networks was supplied by waste-to-energy power plants, with major expansions beginning in the 1970s. Today, Sweden has 34 waste-to-energy plants supplying 1,445,000 households with heat and 780,000 households with electricity — impressive figures for a country with a population of only 10 million.  

One of the largest of these power plants is called Sysav. It is among the most efficient plants in the country, burning around 600,000 tons of waste annually, enough to cover 60 percent of the heat requirements of Malmö, a city of 300,000 inhabitants. Yet overall, waste-to-energy plants provide a relatively small proportion of Sweden’s power, over 80 percent of which comes from a combination of hydro and nuclear energy. Their main benefit is keeping trash out of landfills. In many countries, such as the U.S., landfills are one of the largest sources of methane, a greenhouse gas that is far more toxic to the climate than carbon dioxide. Over a 20 year period, methane is at least 84 times more potent than CO2 at trapping heat in the atmosphere, according to the UN Economic Commission for Europe.

This is why waste-to-energy advocates argue that, despite their CO2 emissions, such plants are far less harmful than methane-oozing landfills, and why the rest of the EU, which sends 24 percent of its waste to landfills, should adopt the Swedish model.

To some degree, they have. There are 492 waste-to-energy power plants across Europe, burning 96 million tons of waste annually to supply almost 20 million people with electricity. Probably the best-known is not in Sweden, but a few kilometers from the Swedish border in neighboring Denmark. The Amager Bakke waste-to-energy plant on the outskirts of Copenhagen — which aims to become the world’s first zero-emissions city by 2025 — has received international attention for a ski slope made of green plastic that descends from its roof, plus a climbing wall, a park, a café and an environmental education center. The plant collects waste from 600,000 inhabitants and 68,000 companies, burning it to produce steam, which drives turbines to generate electricity or is fed directly into Copenhagen’s district heating network.  

Some 10 percent of the energy provided to European district heating networks comes from waste-to-energy plants. Ireland, Lithuania, Poland, Spain, the UK and Denmark have all recently opened new ones. At the same time, older ones have been modernized. “Some of the older plants have been embarking on interesting innovative projects of CO2 capture and storage/use, hydrogen production, or energy efficiency,” says Agne Razgaityte of the Confederation of European Waste-to-Energy (CEWEP).

In Wuppertal, Germany, for example, in a region formerly dominated by the steel and coal industries, the district heating network was connected to a waste-to-energy plant in 2018. This replaced heat that had previously come from a coal-fired power plant, now decommissioned, in the Wupper Valley. Moreover, the Wuppertal municipal utility recently began operating a hydrogen filling station for 20 local public buses using electricity from the waste-to-energy power plant.

Not everyone in Europe sees waste-to-energy power plants as a good thing, however. “We believe that the current system for dealing with residuals, i.e. waste-to-energy incineration, is outdated and broken,” says Janek Vahk from the NGO Zero Waste Europe. “Waste-to-energy prevents proper recycling and makes climate change worse.” Vahk is also skeptical about the plants’ safety. “Our recent report found high levels of persistent organic pollutants like dioxins or furans around waste incinerators in three countries.”

To mitigate some of their worst effects, since the mid 1980s Sweden has developed increasingly stringent standards to reduce power plant emissions, and is working on CO2 capture and storage at waste-to-energy plants. In addition, Sweden follows the European Union’s prioritization of waste prevention, reuse and recycling — in that order — with advanced waste separation, a dedicated tax on single-use products and repair services at waste centers. The country has brought its share of recycled municipal waste to 37 percent. And by 2025, food and residual waste is expected to be just one quarter of what it was in 2015. (Ironically, thanks to efforts like these, Sweden has less waste to burn these days, and for this reason, waste-to-energy output has fallen by eight percent.)

The country still has more to do to increase its recycling rates in order to hit the EU’s recycling target of 65 percent by 2035. Nevertheless, Klas Svensson of Avfall Sverige is sure that waste-to-energy “will be a necessary part of Swedish waste management for years to come.” Used diapers, hospital waste or packaging made from composites will not be recycled anytime soon. Even items made from recycled materials end up in the trash sooner or later. And some materials, like paper, can only be recycled a limited number of times.

In fact, Sweden has already run short on trash to fill its own waste-to-energy plants, so other European countries now pay Sweden to take their garbage and burn it — 1.9 million tons per year, which Sweden uses to keep its houses warm and brightly lit, while raking in $100 million a year for the privilege.

This hints at the fact that, at some point in the future, if Europe’s waste-reduction and recycling strategies pan out, there will probably be fewer waste-to-energy power plants. There simply won’t be enough trash to keep them all running. And that would be good news, too. Except for fans of year-round green plastic ski slopes, like the one at Amager Bakke power station.


https://reasonstobecheerful.world/waste-to-energy-sweden-power-plants/


....


Incinerating trash to generate electricity is currently being touted as an alternative to russian gas in europe.

Landfills are major producers of methane and greenhouse gases. Large quantities of decomposing plant and animal matter in landfills are environmentally unfriendly.

Sweden appears to generate power for 1.4 million out of its 10 million residents using this format. Its mainly used to reduce climate change damage from landfills. Whether or not this precedent can scale to suit the needs of larger nations like america with its population of 300 million or china with 1.4 billion remains to be seen.

I'm not certain on the cost per watt of garbage incinerator generated electricity. Wouldn't it be cool to mine bitcoin from energy produced by burning trash. Essentially, it would be collecting and burning garbage to produce digital gold. There will always be piles of human generated trash to dispose of, and so the potential energy generated from it, may be philosophised to be endless and infinite in nature.

1095  Economy / Economics / Bill passed requiring drunk drivers to pay child support if they kill parents on: April 22, 2022, 11:34:36 PM
Quote
The bill is named after the daughters of a police officer killed in a DUI hit-and-run

The Tennessee legislature passed a bill Wednesday that would require drunk drivers to pay child support if they kill a parent and are convicted of vehicular homicide due to intoxication.

The legislation passed through the Tennessee Senate on Wednesday following an amendment to rename the bill after the two daughters of state police officer Nicholas Galinger, who was killed in a hit-and-run by a drunk driver in 2019, according to CBS 46.

The legislation, which has yet to be signed into law, requires DUI drivers convicted of either vehicular homicide or aggravated vehicular homicide due to intoxication to pay child support if a parent killed in a crash has any minor children. The payments would continue until each child reaches 18 years old and graduates from high school.

Galinger's killer, Janet Hind, drove into him from behind while he was investigating a manhole cover overflowing with water. Hind was intoxicated at the time and was sentenced to 11 years in prison in February.


https://www.foxnews.com/us/tennessee-drunk-driver-child-support-parent-death


....


They're proposing a law where drunk drivers who accidentally run into & kill parents, pay child support to their surviving children until they reach the age of 18 and legally become adults. My first thought is, I don't know if drunk drivers have cash to afford this. Most drunk drivers are young adults likely to have large amounts of student loan debt and entry level income.

It is an interesting idea and novel concept. I'm not certain what the normal process is for children whose parents are unfortunately hit by drunk drivers. I guess they would end up in an orphanage?  Another interesting movement is cars and trucks having breathalyzers installed on them. So that the engine can't be started unless a person breathes into the breathalyzer and has an alcohol statistic below the legal limit.

We have many reactionary penalties and punishments for law breakers. Could a preventionary measure where good behavior is rewarded also have a niche place in society? What if a crypto currency was created which rewarded users for every week they remained sober? In an effort to diminish alcohol and substance abuse. If there are shitcoin developers on this planet who play 5D chess with their crypto token designs, what would it look like?
1096  Economy / Economics / Re: Is this a good move by national bank of Ukraine on: April 22, 2022, 11:19:23 PM
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.


Recently russia tried to denominate its natural gas purchases in its native ruble, in an effort to boost demand and increase its value.

On the opposite end of the spectrum, banning bitcoin purchases with ukraine's native currency, is likely to reduce demand and increase inflation.

We might deduce that this move is made to protect ukrainian citizens from holding ukraine's native currency which could fail soon.

The policy is intended to encourage the use of foreign currencies, which would be deemed more stable and reliable than ukraine's currency in the post invasion era.

This actually seems to me that like they are encouraging their citizens to hold native currency isnt it by only letting them buy another 'currency' in this case bitcoin with foreign currency. They are probably already aware that most of their citizens have switched to foreign currency because of this war so this is probably one of their way though

or is my take on this completely wrong? this is what it seems to me though



If the following quote in OP is correct.

Quote
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.

Its not a complete ban on bitcoin purchase.

They're only banned from buying it with ukraine's native currency.

It would seem targeted at reducing transaction volume of ukraine's native currency, while encouraging the usage of foreign ones.
1097  Economy / Economics / Re: Is this a good move by national bank of Ukraine on: April 22, 2022, 11:01:00 PM
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.


Recently russia tried to denominate its natural gas purchases in its native ruble, in an effort to boost demand and increase its value.

On the opposite end of the spectrum, banning bitcoin purchases with ukraine's native currency, is likely to reduce demand and increase inflation.

We might deduce that this move is made to protect ukrainian citizens from holding ukraine's native currency which could fail soon.

The policy is intended to encourage the use of foreign currencies, which would be deemed more stable and reliable than ukraine's currency in the post invasion era.
1098  Economy / Gambling discussion / Re: The Paradox of Gambling behavior on: April 22, 2022, 10:25:29 PM
The reliability of fair and accurate judging in MMA, boxing and combat sports has plummeted recently. Making gambling on combat sports less profitable. Distinct change in a timeline from 2017 to the present. The same negative precedent appears to apply to NFL games with holding calls and questionable officiating.

In the past there were sharp gamblers who could rely on consistency in sports gambling to turn a net profit. But those days appears to be on a decline.

I would expect many sports gamblers to pull their holdings out of gambling and look for other markets and assets to invest in.
1099  Economy / Economics / Re: US Sanctions Russian Crypto Mining Host Bitriver on: April 22, 2022, 04:18:38 AM


If you are talking about Orlan-10, it's made from bad components because they assume a high loss rate, so it's not like all Russian drones and equipment is low tech. Also, it's worth to notice that while the West had largely stopped supplying weapons to Russia after 2014, it wasn't a complete embargo.

There will be cases of companies trying to bypass sanctions, but it's risky for them, because they will be severely punished. If the countries will have the political will to do so.

So, in general, sanctions work, and it's likely that they will work even in crypto, because the mainstream crypto industry can and will be regulated.


Its not the level of relative technology but rather the way its assembled. Modern components do many of the jobs better, cheaper, simpler and more reliable. There are mass produced jury rigged mechanisms present which indicate prior shortages.

Severe punishments encourage capital flight. China saw this when they tried to severely punish the crypto mining sector. Nations who adopt the opposite are incentivized to do so by economic growth, growing job markets and greater political clout and prestige.

Crypto might become regulated. But can it be regulated without everyone knowing the options and opportunities they're being deprived of under regulatory standards, and will that matter? Regulation in the modern era trends to the polar opposite of efficiency and functionality. People might choose to accept this. Or they might not. The important thing is regulation runs contrary to the self interests of greater than 99.9% of the global population. And it may not take people long to figure this out.

But maybe I'm wrong and people enjoy being deprived of opportunities and options in life, while having their standard of living diminish, stranger things have happened? Maybe they won't notice.
1100  Economy / Economics / Re: Why is it always about price? on: April 21, 2022, 10:51:33 PM
Web3 has so much potential. It is a technology that has the chance to have a bigger impact on society than the launch of the Internet.


When HTML5 was released, there were many impressive demos of the technology and what it was capable of. We had many real world illustrations of what it could do, and it was intuitive as to how it could be useful. There were multiplayer HTML5 games using node.js. We had some low level browser support thanks to webassembly(Wasm). HTML5 canvas vector drawing was enabled for creating impressive and dynamic 3d graphics. I am wondering where these types of demos for web3 can be found. It doesn't appear there is much substance to the hype behind web3. And so the marketing behind it appears to be unfounded.

Web3 also lacks the support of technology figureheads like Richard Stallman(free software foundation), Bruce Shneier and all the other technology visionaries out there. There isn't anyone who is a tech celebrity or who has brand name recognition who appears to be involved with the project or supports it.
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