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1281  Economy / Economics / The rise of the anti-work movement on: February 01, 2022, 03:51:37 PM
Quote
Many employees are frustrated with the nature of employment. But some fed-up workers are asking a bigger question: what’s the purpose of work?

Chris, a US-based IT professional, says he’s experienced terrible working conditions in his recent roles. He says two separate employers, one offering no sick pay and the other only a week’s worth of paid time off, forced him back to work despite illness. At other labour-intensive jobs, he says he’s ended up having to treat his own wounds.

But it was a role in customer support that pushed him too far. His job, which paid less than $13 (£9.40) an hour, involved verifying whether peoples’ dependents qualified for health-care insurance. He says he would have been fired if he had given callers certain helpful information he was not authorised to disclose, like how much time they had to submit their paperwork.

“There were people literally begging for their lives on the phone, and I couldn’t do anything about it,” he says. “That broke me to a point where I realised that absolutely nothing in this system is working… It’s the lack of empathy and human kindness. I’m not sure how that went missing.”

Two years into the pandemic, employees across the globe are tired. Poor mental health and burnout are common, particularly among low-wage and essential workers. This prolonged period of uncertainty has made many re-examine the role their employers play in making matters worse; record numbers of workers are leaving jobs in search of better options.

But some people are going further, wondering aloud if there’s purpose to their work – or the economic system itself. These people are part of the ‘anti-work’ movement, which seeks to do away with the economic order that underpins the modern workplace. Anti-work, which has roots in anarchist and socialist economic critique, argues that the bulk of today’s jobs aren’t necessary; instead, they enforce wage slavery and deprive workers of the full value of their output.

That doesn’t mean there would be no work, however. Supporters of the anti-work movement believe people should self-organise and labour only as much as needed, rather than working longer hours to create excess capital or goods.

A few years ago, anti-work was a radical, fringe idea, but the pandemic incarnation of this movement has grown faster and become more well known outside these political circles. It’s centred on the r/antiwork subreddit, a community still rooted in direct action, but whose focus has both softened and broadened into a wider dialogue on working conditions as its popularity has grown. Today, it contains a mix of personal narratives about quitting, creating change in hostile workplaces, advocacy for ongoing labour strikes, labour organising and ways people can try to advocate for themselves.

The community has grown rapidly. At a time when worker dissatisfaction and labour rights are under intense scrutiny, how significant is the growing interest in this movement – and could it help play a part in effecting change?

'Visceral rejection of work'?

Chris helps moderate the r/antiwork subreddit, which currently has 1.7 million subscribers as of this writing (up from 100,000 before March 2020). “We have a steady growing membership of between 20,000 and 60,000 followers a week. We have a ton of growth and a tonne of engaged members. We get hundreds of posts and thousands of comments every single day,” adds Doreen Ford, another moderator.

The subreddit’s name and philosophy draw from multiple sources. Ford says one is Bob Black, an anarchist philosopher, whose 1985 essay The Abolition of Work built upon preceding thoughts on labour – a history Black asserts goes back to ancient Greek philosophers Plato and Xenophon. “Many workers are fed up with work … There may be some movement toward a conscious and not just visceral rejection of work,” writes Black, suggesting people do only necessary work and devote the rest of their time to family and personal passions.

Believers in anti-work are not necessarily against all forms of labour. Rather, the overarching sentiment is hostility towards “jobs as they are structured under capitalism and the state”, according to the subreddit’s FAQ. “The point of r/antiwork is to start a conversation, to problematise work as we know it today,” it continues.

Today, while these ideals remain central to the movement, the subreddit’s focus has widened to encompass more general labour rights. Users share stories of employer abuse, ask for advice on how to negotiate better pay, contribute memes or post news updates about ongoing labour strikes. Participants also offer tips on how users can support strike efforts. In December 2021, members of the subreddit helped efforts to flood Kellogg’s job application portal when the company broke off negotiations with striking unionised workers and said it would hire new, non-union workers. Although it's unclear how much r/antiwork's members directly influenced the company's actions, later that month, Kellogg’s and the union reached a deal.

The community also provides links to literature and podcasts about the anti-work movement beyond Reddit. The majority of posts come from US workers across all genders and occupations, although there is a global presence as well.

‘An interruption of work as we knew it’

Although the anti-work movement itself isn’t novel, it has garnered newfound attention.

“With Covid there was an interruption of work as we knew it,” says Tom Juravitch, a professor of labour studies at the University of Massachusetts, Amherst, US. “In moments like this, people have time to reflect. Working has been degraded for so many people. The authority structures that we’re in have gotten more draconian and more controlling than ever. People really felt that in a new way.”

For blue-collar workers, Covid-19 brutally exposed deep inequalities; low wages, a lack of paid sick leave, requirements to be in customer-facing environments with inadequate workplace safety measures that left people vulnerable to contracting Covid on the job. Workers at all income levels, meanwhile, have struggled to juggle work pressures with family responsibilities caused by shuttered schools, leading to increased burnout, mental health issues – and, for some, existential questioning.

Yet Kate Bronfenbrenner, director of labour education research and a senior lecturer at Cornell University, US, notes that while Covid-19 has been a major propellant, the current anti-work movement has deeper roots that predate the last two years. “Workers have had an amazing threshold for tolerating the abuse that employers have put on them,” says Bronfenbrenner. “But when that abuse went so far as to risk their lives, that crossed the line; in the context of Covid, where employers were asking them to work harder than ever and employers were making huge profits.”

Of course, not every disillusioned worker will embrace anti-work. It’s clear swaths of workers are seeking out new roles aimed at securing better conditions. Others are quitting or choosing to work for themselves. But some are trying to advocate for change. “People aren’t all quitting,” says Bronfenbrenner. “Some are saying they’re going to fix it by organising, striking or standing up.”

‘It feels like a big moment for us’

It’s still too early to tell whether this online community might have measurable impacts on labour rights, whether through louder, more impassioned conversations or other disruptions.

Fundamentally changing work overnight is unlikely, but we are experiencing an unprecedented shake-up in terms of how workers do their jobs and the kinds of conditions they are expecting from employers in return. It’s clear many workers are at their breaking points – and there are already signs that employers who fear widescale employee attrition are starting to respond with incremental improvements. If anti-work and its ideological cousins continue to gain numbers, this may give employers – and perhaps even politicians – further pause for thought.

At the same time, it’s important to look at how the anti-work movement has played out in the past. One parallel is the “long seventies”, a period of inflation and economic recession in the US, which compelled many labour leaders – and in many cases, wildcat strikers – to walk off the job and ask for more than just pay rises from employers. Their demands also included better working conditions from bosses as well as changes in union leadership. 

However, this movement didn’t gain widespread traction. An energy shortage and worsening unemployment took the steam out of efforts to radically alter the state of work, particularly as employers asked unions for deeper concessions to contend with lost profits amid a dramatic recession. The power of labour petered out as “the fear of loss of security at work” undermined the movement of the time, says Leon Fink, professor of history at the University of Illinois at Chicago.

Fink adds economic shifts and the decline of the boom economy ultimately eroded the increased leverage workers had to sustain longer-lasting change. Similarly, future economic conditions as well as how power evolves in the workplace will affect the direction of today’s anti-work movement.

Still, past labour movements suggest moments of opportunity can lead to some change, even if that change may be short-lived or incremental. “I think that there’s a real possibility for some traction” with the current anti-work movement, says Juravitch. He points towards the implications of the Occupy Wall Street movement, which “continue to reverberate through all other kinds of grassroots movements”.

Ford is optimistic. “It’s starting a lot of conversations. It feels like a big moment for us.”

Chris looks at the anti-work movement as a small part of what he hopes will be a bigger effort to dismantle the state of work entirely – even if he doesn’t see this happening in his lifetime. “Hopefully I can make it easier for the people who come after me.”

https://www.bbc.com/worklife/article/20220126-the-rise-of-the-anti-work-movement


....


I think for movements like anti work to have a chance of success, society must revert back to independent farming communities. Those who are self sufficient and grow their own food, have reduced reliance upon work for survival. Granting them greater bargaining power and leverage in negotiations relating to wages, working conditions and all that applies. Depending too much upon the private sector for work has shifted the scales in their favor. Causing a state of imbalance.

There is no doubt levels of employee dissatisfaction are trending upwards sharply. People are unhappy. The stability and robustness of economies is in question. I don't think anyone would disagree with basic points like these. The real question is what path should be taken, which policies or ideology should be pursued in an effort to improve circumtances for the better. That aspect appears to be what the anti work movement is missing at the moment.

1282  Economy / Economics / Re: Overseing health and environmental impact of high energy required in Bitcoin on: February 01, 2022, 03:14:50 PM
My major idealogy of bringing this topic is to hear our respective opinions on how Bitcoin mining and other crypto related activities could not impose a future detriment on livelihood or contribute to it.



Not to sound bleak or depressing.

But if it is true that climate change and global warming are destroying the planet. And if it is true that we are currently in the midst of a mass species extinction. And if it is true that economic crisis is driving rates of suicide, crime and violence upwards to obscene levels.

It is possible that we will witness a contraction of global population which will be accompanied by a reduction in global electrical consumption. This could grant us leeway to reduce consumption of fossil fuels and implement greater prevalence of energy sources which are nearer to carbon neutral.

Bitcoin and proof of work based mining consume large quantities of green energy which helps fund the expansion for more wind and solar farms across the globe.

Crypto mining need not be doom and gloom. If it is true that we have a short amount of time before climate change becomes a serious threat, will crypto mining really make much of a difference, either way?
1283  Economy / Gambling discussion / Re: MMA Info and Predictions - Bellator, KSW, PFL, ONE... on: February 01, 2022, 02:53:11 PM
The UFC matches the best in the world against the best in the world.

Bellator matches its champions and golden boy prospects against subpar competition, to create mismatches that give an exaggerated false impression of how good their fighters are.

A top #10 fighter in the UFC like Corey Anderson can move to bellator and demolish everyone. As we have seen.

They tried to make Ryan Bader a 2 division champ, by feeding him mismatches, but the illusion could not last for long.
1284  Economy / Gambling discussion / Re: NFL Sportsbet.io discussion & predications thread rev on: February 01, 2022, 02:07:00 PM
Both underdogs covered again , when the Chiefs were up big I knew it's not over as their defense tends to loosen up in the second half.


To cut down on injuries, teams apply the bare minimum needed to win. Then coast to preserve their player's health.

Kansas City has such a powerful and overwhelming offense. Their defensive line is prone towards falling asleep thinking its ok if they lose focus, their offense will bail them out.

Chiefs might have peaked in their game with the buffalo bills and began celebrating too early. They didn't prepare for the bengals the way they would if they were facing a bigger name team. They probably thought they would defeat the bengals easily and be in superbowl 2022 guaranteed.

All of these failings combined can converge to form the perfect storm necessary for underdogs to overcome the odds.

That said, this has been a strange season for the NFL and for the NBA as well. The normal skill gap which normally separates players and teams, appears to have narrowed considerably.
1285  Economy / Gambling discussion / Re: [ BOXING POLL ADDED ]: Fury vs Whyte comfirmed on: January 29, 2022, 11:59:18 PM
Francis Ngannou will be rehabbing his injured knee for the next year or so. That removes him from the list of prospects Tyson Fury can face.

Tyson Fury vs Anthony Joshua could be the fight fans would like to see. But unfortunately, it seems that isn't the match up boxing promoters will pursue. Anthony Joshua looked done in his last outing. He looked like a fighter who lost all motivation. Tyson fury also appeared to have lost his motivation, even in his last rematch with Deontay Wilder. I wouldn't expect Tyson Fury or Anthony Joshua to compete professionally in boxing for much longer. At least not at the highest levels of the sport.

Whyte appears to be a relative newcomer. I think the decision to face him, has a lot to do with Tyson Fury no longer having the motivation he once did to train hard in preparation for fights. Tyson Fury is looking for easy paydays now.
1286  Economy / Economics / Jeremy Grantham predicts the US 'superbubble' will pop, wiping out $35 trillion on: January 29, 2022, 11:56:49 PM
Quote
Legendary investor Jeremy Grantham said Thursday that the US is experiencing a "superbubble" in stocks, housing and commodities – and predicted that it would all soon come crashing down.

The founder of the GMO investment firm said in a new note that $35 trillion of wealth could easily be wiped out in the US alone in a long and drawn out process, slammed the Fed, and gave some investing advice.

Here are the 12 best quotes from his latest note.

The US is in a stocks, housing and commodities 'superbubble'

1. "Today in the US we are in the fourth superbubble of the last hundred years." – The others were in stocks in 1929 and 2000, and in housing in 2008, Grantham said.

2. "The equity bubble… has now been joined by a bubble in housing and an incipient bubble in commodities."

3. "In a bubble, no one wants to hear the bear case. It is the worst kind of party-pooping. For bubbles, especially superbubbles where we are now, are often the most exhilarating financial experiences of a lifetime."

It may already be imploding

4. "The final feature of the great superbubbles has been a sustained narrowing of the market and unique underperformance of speculative stocks, many of which fall as the blue chip market rises. This occurred in 1929, in 2000, and it is occurring now." - The tech-heavy Nasdaq 100 has fallen 9% year-to-date.

5. "The most important and hardest to define quality of a late-stage bubble is in the touchy-feely characteristic of crazy investor behavior. But in the last two and a half years there can surely be no doubt that we have seen crazy investor behavior in spades… especially in meme stocks and in EV-related stocks, in cryptocurrencies, and in NFTs."

The crash could wipe out $35 trillion of value

6. "When pessimism returns to markets, we face the largest potential markdown of perceived wealth in US history." – Grantham said mixing three asset bubbles together is extraordinarily dangerous, and said the S&P 500 could drop 45%.

7. "If valuations across all of these asset classes return even two-thirds of the way back to historical norms, total wealth losses will be on the order of $35 trillion in the US alone."

Grantham savages the Federal Reserve

8. "All of the economic and financial dangers that are now building up from multiple major bubbles do not appear to be considered especially dangerous by the Fed or most of its equivalents around the world."

9. "With the clear dangers of an equity bubble revealed in 2000 to 2002, the even greater dangers of a housing bubble in 2006 to 2010, and the extra risk of doing two asset bubbles together in Japan in the late 1980s and in the US in 2007, what has the Fed learned? Absolutely nothing, or so it would appear."

And finally, some investing advice

10. "Avoid US equities and emphasize the value stocks of emerging markets and several cheaper developed countries, most notably Japan. Speaking personally, I also like some cash for flexibility, some resources for inflation protection, as well as a little gold and silver."

11. "Cryptocurrencies leave me increasingly feeling like the boy watching the naked emperor passing in procession. So many significant people and institutions are admiring his incredible coat, which is so technically complicated and superior that normal people simply can't comprehend it and must take it on trust. I would not."


https://markets.businessinsider.com/news/stocks/jeremy-grantham-gmo-stocks-housing-bubble-crash-warning-advice-crypto-2022-1


....



This sounds a bit serious. But I'm certain we can fix it with a little elbow grease and cryptocurrencies structured around bubble mitigation risk.

On a more serious note, what can be done to address mega bubbles which encompass many trillions of dollars in assets.

Could there be positives upsides to this, in terms of trillions in US student loan debt being forgiven?

Can debt asset contagion in the united states be contained regionally, without leaking across borders and having severe impacts on china and the global economy. China relies heavily upon the USA to purchase its imports. Without US markets could they have other alternatives to sell their wares?

1287  Economy / Economics / Meta’s cryptocurrency ploy all but dead with Libra/Diem seeking to sell assets on: January 28, 2022, 01:57:59 PM
Quote
Stablecoin raised concerns of “excessive concentration of economic power.”

After years of effort, Meta’s cryptocurrency initiative has collapsed under the weight of regulatory scrutiny.

The Diem Association, formerly known as the Libra Association, is considering selling its assets and returning money to investors, according to a Bloomberg report. There’s not much to sell, though. The company doesn’t have much in the way of physical assets—just some intellectual property. Perhaps the most valuable part of the association is its engineers. Diem is reportedly looking for a “new home” for them.

Mark Zuckerberg first announced the project in 2019, back when his company was named Facebook and the project was named Libra. He said the cryptocurrency would serve as the foundation for payments within Facebook Messenger and WhatsApp. Zuckerberg managed to convince dozens of companies to become founding members of the backing organization, including Visa, MasterCard, Uber, Lyft, eBay, Spotify, and Andreessen Horowitz.

Libra was to be managed via blockchain, with member organizations processing and verifying transactions. Originally, it was planned to be backed by conventional currencies and other stable assets, making it a so-called stablecoin. (Eventually, though, that scope was reduced to focus on the US dollar alone.)

Almost immediately, Libra ran into headwinds. Regulators questioned the distributed nature of the project and how the company would police activity on the network. Facebook adjusted, making the Libra Association responsible for compliance with financial laws, including money laundering and terrorist financing.

Within months, though, the association lost Visa, MasterCard, Stripe, and eBay from its ranks.

Still, the project soldiered on, making tweaks here and there and changing its name to Diem. Yet, none of those moves addressed the key problem, which was that Libra/Diem concentrated economic power in the hands of member companies.

“The combination of a stablecoin issuer or wallet provider and a commercial firm could lead to an excessive concentration of economic power,” the President’s Working Group on Financial Markets said in a November report. “This combination could have detrimental effects on competition and lead to market concentration in sectors of the real economy.” In other words, stablecoins like Libra/Diem could create systemic risks to the economy, making companies like Meta/Facebook and its partners too big to fail.

The final nail in the coffin came when Federal Reserve officials said they weren't sure if they would allow the bank affiliated with the project to issue the stablecoin. Libra/Diem, faced with the specter of a regulatory crackdown, had reached the end of the road.

Meta still owns about a third of the Diem Association, according to the Bloomberg report. Other members were supposed to pay in, though it’s not clear how many—if any—did.

https://arstechnica.com/tech-policy/2022/01/metas-cryptocurrency-plans-all-but-dead-with-libra-diem-looking-to-sell-assets/


....


It would appear the only feature of the metaverse that I liked has been canceled.

Respect to Mark Zuckenberg for holding out against what must have been overwhelming pressure to cancel libra/diem for as long as he did.

I wonder if the public seeing libra/diem be canceled this way could generate sympathy or a shift for Zuckenberg's public image. Which hasn't been great for a long time. Considering Elon Musk's offer to buy facebook so he can delete it as a public service.

1288  Other / Off-topic / Anti-vaxxers making ‘at least $2.5m’ a year from publishing on Substack on: January 28, 2022, 01:37:35 PM
Quote
Center for Countering Digital Hate research calculates that anti-vaccine figures could be making $12.5m from the online platform

A group of vaccine-sceptic writers are generating revenues of at least $2.5m (£1.85m) a year from publishing newsletters for tens of thousands of followers on the online publishing platform Substack, according to new research.

Prominent figures in the anti-vaccine movement including Dr Joseph Mercola and Alex Berenson have large followings on Substack, which has more than 1 million paying subscribers who sign up for individual newsletters from an array of authors who include novelist Salman Rushdie, the writer musician Patti Smith and former Downing Street adviser Dominic Cummings.

Mercola, a US alternative medicine doctor and prolific producer of anti-vaccine content, and Alex Berenson, a journalist banned from Twitter last year after questioning the efficacy of Covid-19 vaccines, are among five vaccine sceptics on the platform who earn themselves and Substack a minimum of $2.5m a year from their newsletters. Under Substack’s business model, writers keep about 90% of the subscription income, with the platform taking 10% and payment company Stripe charging the writers 3% of their take.

Research by the Center for Countering Digital Hate, a campaign group, showed that Mercola’s newsletters made a minimum of $1m a year from charging subscribers an annual fee of $50, with Berenson making at least $1.2m from charging people $60. Three other vaccine sceptic newsletters, from tech entrepreneur Steven Kirsch, virologist Robert Malone and anonymous writer Eugyppius, generate about $300,000 between them.

Imran Ahmed, chief executive of CCDH, said companies like Substack were under “no obligation” to amplify vaccine scepticism and make money from it. “They could just say no. This isn’t about freedom; this is about profiting from lies … Substack should immediately stop profiting from medical misinformation that can seriously harm readers.”

Newsletters cited by CCDH research include: a piece authored by Mercola headlined “More Children Have Died From Covid Shot Than From Covid”; a Berenson substack questioning whether mRNA vaccines have contributed to, rather than stopped, the spread of Covid; a Kirsch newsletter stating that “vaccines kill more far more people than they might save from Covid”; a newsletter from Malone warning that mRNA vaccines could lead to permanent damage of children’s organs; and a Eugyppius Substack claiming that “vaccines don’t suppress case rates at all.”

A Substack spokesperson referred the Guardian to an essay published on Wednesday by the platform’s co-founders, Chris Best, Hamish McKenzie and Jairaj Sethi, in which they said silencing vaccine sceptics would not work. “As we face growing pressure to censor content published on Substack that to some seems dubious or objectionable, our answer remains the same: we make decisions based on principles not PR, we will defend free expression, and we will stick to our hands-off approach to content moderation,” they said.

Substack’s content guidelines state that “critique and discussion of controversial issues are part of robust discourse, so we work to find a reasonable balance between these two priorities”. The platform bars content that “promotes harmful or illegal activities” but also expects writers to moderate and manage their own communities.

The statement came as Spotify began removing Neil Young’s music after the streaming service refused to take down Joe Rogan’s podcast despite the musician’s objections that it spread vaccine misinformation.

CCDH said the $2.5m was a minimum amount of revenue that vaccine-sceptic writers are generating and that the figure could be as high as $12.5m. Substack does not give exact subscriber numbers for individual newsletter publishers and only reveals followings in broad terms such as “thousands” and “tens of thousands.”

Because Mercola and Berenson have “tens of thousands” of followers, CCDH calculated the lowest estimate of their earnings on the assumption that they had 20,000 each, with Kirsch, Eugyppius and Malone presumed to have a minimum of 2,000 followers owing to Substack stating they have“thousands” of subscribers.

https://www.theguardian.com/technology/2022/jan/27/anti-vaxxers-making-at-least-25m-a-year-from-publishing-on-substack


....


I won't comment on the politics present but regardless of whether people agree or disagree with vaxx movements.

I think we can all agree the title alone makes substack sound like a great option for freelance authors and independent journalists to earn income.

The question may also be asked whether the $2.5 million statistic is inflated far beyond the actual earnings of anti vaxx authors on substack. Exaggerating these numbers is a normal tactic that has been used since the 1980s when businesses and banks that were breached by curious adolescents claimed millions of dollars in damages which they may not have been able to quantify.

Anti-vaxx seems like a small market in contrast to crypto. Is there anyone doing well writing cryptocurrency content on substack? Are there crypto alternatives to substack that emulate its platform?
1289  Other / Politics & Society / Re: Why putin choose winter? on: January 27, 2022, 11:53:02 PM
We all know that there is tension on the Russia-Ukraine border. I am not going to talk about why this is happening, I think most of us already know that.

Maybe this is the right time for Putin to play with Ukraine. Because the price of fuel in the world market is skyrocketing. Gas prices in Europe have risen by 600%. It is now wintering in Europe. Heaters/burners are needed to survive in ice-covered Europe. That is why the demand for gas is the highest.

And 40% of Europe's gas demand comes from Russia. And now if Russia cuts off gas supplies, the economies of European countries will come to a standstill. One power plant after another, the factory will be closed. So the big countries of Europe will think twice before taking a tough stand against Russia.

Putin is a master planner or going to face heavy sanctions from the EU?



It is a good point you made on russia supplying europe with gas needed to generate heat during winter.

I think the summary of it is Putin did not choose the timing of this latest conflict. The crisis manifested itself on Putin's doorstep and he is merely reacting to it the best he can.

I still say Putin will try to outlast the united states and EU and pray that their economies crash, will russia's remains relatively stable. This could cripple europe and america's ability to react to any move that russia makes.

Putin will know this well, having lived through the crash of the USSR and seeing firsthand effects economic crisis have in the modern world.

Economic instability and crisis in modern times can have a far more devastating impact on nations, than war or military conflict.
1290  Economy / Economics / Re: Cannabis company in Colombia using blockchain for their crops. on: January 27, 2022, 11:47:01 PM
The legalized cannibis industry has long used blockchain based ledger systems to track production and distribution of goods. Before that I think merck and walmart were originally responsible for pioneering the basic fundamentals of the system. That's a good topic we could use updates on now that they should have years of experience using the architecture and should be able to provide more information on it.

I think there were attempts to patent and claim some of the fundamental data structures and algorithms which bitcoin uses to function. Luckily for us, there hasn't been a legit claim as far as I know. Which could introduce licensing fees for using basic blockchain technology.

The medical industry also is implementing similar blockchain based backend databases. Which they claim is vastly superior to past implementations.
1291  Economy / Gambling discussion / Re: NFL Sportsbet.io discussion & predications thread rev on: January 27, 2022, 10:26:26 PM
I'm observing and learning about the NFL.

It seems prep and study time can make a difference. The green bay packers may have spent all their time studying and preparing to face the dallas cowboys. When the san francisco 49ers defeated the cowboys in a big upset victory, that could have thrown off all their plans and preparations. Leaving them only 1 week to prepare for the game with san francisco.

On the opposite end, san francisco could have had more than 2 weeks to prepare to face green bay, who was expected to win that initial play off game.

Perhaps the results we're seeing relate to whether or not the expected team wins, and the amount of preparation and planning they're able to implement.
1292  Economy / Economics / Re: One nation one currency... on: January 26, 2022, 10:23:05 PM
Its popular for investors to encourage diversification. Don't put all of your eggs in one basket, they say.

If diversity is important and valuable than what arguments do we have for single currencies or single nations?


If you look at some sci-fi series like Star Trek, there's a united nation on Earth, but they don't have the currency - the world is so advanced that it's not even needed anymore - if you need something, just ask for a replicator Wink


AFAIK they use credits and some form of transactional exchange in starfleet. I can't find the screenshot. But there is a scene in one of the trek TV series where there is a readout for "medical credits" in sickbay.

Mention of it is omitted. Its a thing where no one is certain exactly how money or the economy works in star trek so its never shown.
1293  Economy / Economics / Re: IMF urges El Salvador to remove Bitcoin as legal tender on: January 26, 2022, 10:20:22 PM
I see posters on other forums and social media who I know are 100% computer and cryptocurrency illiterates, who never used bitcoin.

Speaking as if God spoke to them claiming: "bitcoin is a ponzi scheme, bitcoin causes inflation, blah blah blah".

It is a strange thing to see people be so polarized and biased on topics they know nothing about and have zero experience with.

Its like virgins claiming to be experts on sex.
1294  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: January 26, 2022, 10:11:48 PM
UFC fighter pay has been discussed over the past 10 years, since Tito Ortiz and Dana White had their falling out.

It has a long history, which many are not aware of.

Leslie Smith in the past pushed project spearhead in an effort to unionize the UFC. Jon Fitch and John S. Nash pushed the Ali Act. Cung Le and Nate Quarry were also involved.

This goes back more than 5 years.

Will the current campaign on UFC fighter pay be any more successful than past attempts?

Somehow I don't think it will. Those who of us who have been around for awhile know why.
1295  Economy / Economics / Re: Are Institutional investors changing the Bitcoin price behaviour? on: January 26, 2022, 09:58:50 PM
Do you think as the injection of institutional money increase, that we will see more irrational price movement that are synchronized with global market movements?  


I think the holiday season and christmas are peaks for crypto volume. There is a lull in transaction volume for january through around march. Which is the time when bitcoin is most vulnerable to short selling. The first three months of the year is when short sellers who believe bitcoin is overvalued are most likely to make their plays.

Looking at charts of bitcoin price. I think january through march are the most likely months for a crash or a flatline trading. Mid to end year period is most likely for price gains.

Beginning of a new year is usually bearish or trending downward. People say the current january decline is an "anomaly" but looking at a chart of bitcoin prices, some of the biggest all time crashes occurred january through march.
1296  Alternate cryptocurrencies / Altcoin Discussion / Wikipedia Editors Have Voted Not to Classify NFTs as Art, Sparking Outrage on: January 25, 2022, 01:14:03 AM
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The editors chose not to include Beeple and Pak on the free encyclopedia’s list of the most expensive art sales by living artists.

Following a public debate, a group of Wikipedia editors has voted not to categorize NFTs as art—at least for now.

The row began last month, according to the crypto news outlet Cointelegraph, when editors of a page dedicated to the most expensive art sales by living artists questioned whether examples such as Christie’s $69 million sale of Beeple’s Everydays, or Pak’s $91.8 million NFT “merge,” should make the list. (Jasper Johns and Damien Hirst currently top the ranking.) Their conversation quickly took a turn toward semantics, with debaters wondering whether NFTs constituted tokens or if they represented artworks themselves.

As is common for classification disputes on the free online encyclopedia, the question was put to a vote. Five out of six editors voted not to include NFTs on the list. (As of press time, the page on Wikipedia had not yet been updated.)

“Wikipedia really can’t be in the business of deciding what counts as art or not, which is why putting NFTs, art or not, in their own list makes things a lot simpler,” wrote one editor on the discussion page, echoing the prevailing sentiment of the nay voters.

The lone supporter, meanwhile, pointed to reports in credible media sources like the New York Times, which referred to Beeple as the “third-highest-selling artist alive” after his Christie’s sale.

Though the vote occurred between just a half-dozen people, all volunteers, on a secondary page, the conversation epitomized a larger cultural debate around newfangled forms of digital art and their relationship to traditional modes of artistic production—and for this reason, people paid attention.

The conclusion angered some in the crypto community, in particular. “Wikipedia works off of precedent. If NFTs are classified as ‘not art’ on this page, then they will be classified as ‘not art’ on the rest of Wikipedia,” wrote Duncan Cock Foster, a co-founder of the popular NFT platform Nifty Gateway, amid a long series of posts on Twitter. “Wikipedia is the global source of truth for many around the world. The stakes couldn’t be higher!”

Cock Foster followed up with a call to action, asking the NFT community to “rally and let the Wikipedia editors know that NFTs are, in fact, art!”

“Digital artists have been fighting for legitimacy their whole lives. We can’t let the Wikipedia editors set them back!” he wrote.

The issue is not closed for good, however. Following the vote, the Wikipedia editors agreed to revisit the conversation at a later date.

https://news.artnet.com/market/wikipedia-editors-nft-art-classification-2060018


....


This sounds like a parody piece but as far as I know its 100% real.  

Still the question can be asked:  "should NFTs be considered real art"?

Years ago, someone took a crucifix of Jesus and submerged it in a container of their own urine:

Quote
Piss Christ

Immersion (Piss Christ) is a 1987 photograph by the American artist and photographer Andres Serrano. It depicts a small plastic crucifix submerged in a small glass tank of the artist's urine. The piece was a winner of the Southeastern Center for Contemporary Art's "Awards in the Visual Arts" competition,[1] which was sponsored in part by the National Endowment for the Arts, a United States Government agency that offers support and funding for artistic projects.

The work generated a large amount of controversy based on assertions that it was blasphemous. Serrano himself said of the controversy: "I had no idea Piss Christ would get the attention it did, since I meant neither blasphemy nor offense by it. I've been a Catholic all my life, so I am a follower of Christ."[2]

https://en.wikipedia.org/wiki/Piss_Christ

A photograph of said crucifix suspended in human pee won at least 1 award on artistic merit.

If that is award winning art, then it makes the case harder for why NFTs should not be considered art, I think.
1297  Economy / Economics / Re: What If? on: January 25, 2022, 01:02:20 AM
I remember reading news articles about russia seeking ways to insulate its economy from SWIFT banking networks many years ago. There have been many journalistic pieces published on russia seeking ways to de dollarize and distance itself from being pegged to the dollar as an international reserve currency. Likewise, russia has had many years to find solutions to economic sanctions.

Its surprising to me russia's economy hasn't become more hardened against crashes over the years considering they appear to have had support at the highest levels seeking answers for how to deal with these types of crisis.

Does anyone know which commodities or assets russia is dependant upon foreign nation's for?

I think russia has a scarcity of food production. They're forced to rely on china for food imports. That appears to be one key issue they have been unable to resolve. Wouldn't the simple solution be for russia to grow more food? But somehow it to doesn't appear to be so easy. Putin doesn't appear able to make it happen. It makes no sense to me. Russia is such a massive territory on maps, do they really have no farmland? The poor american in me fails to comprehend this situation at all.
1298  Economy / Economics / Re: Efforts made by the US actually provide a new problem for inflation. on: January 25, 2022, 12:54:09 AM
I was afraid of US inflation and debt back in 2012, when government accountability office (gao) comptroller David Walker did his nationwide tour publicizing it.

Quote
Campaign for fiscal responsibility

In the fall of 2012, the Comeback America Initiative led a campaign called the "$10 Million a Minute" Bus Tour. The tour covered about 10,000 miles and stopped at universities, technical colleges, businesses, and more in over a dozen states. The tour's goal was to bring national attention to the economic and fiscal challenges that face our nation and various nonpartisan solutions that should be able to gain bipartisan support.

https://en.wikipedia.org/wiki/David_M._Walker_(U.S._Comptroller_General)#Campaign_for_fiscal_responsibility

It was impossible to get anyone to take these matters seriously back then. It was common for people to be offended if anyone said the national deficit was a legit issue or that social security could someday fail.

In many ways circumstances have remained the same. People still think inflation is something that can only happen in 3rd world countries. There isn't much incentive or will for things to change.
1299  Economy / Economics / Re: 13,500 Mining Rigs bought by Merkel Standard on: January 25, 2022, 12:37:29 AM



Brief breakdown of the washington state energy sector

  • The Grand Coulee Dam on Washington's Columbia River is the largest power plant by generation capacity in the United States, and the seventh-largest hydropower plant in the world. It can provide 4.2 million households with electricity for one year.
  • Washington generated the most electricity from hydropower of any state and accounted for 24% of the nation's annual utility-scale hydroelectricity generation in 2019.
  • Although not a crude oil producing state, Washington has the fifth-largest crude oil refining capacity in the nation and can process almost 652,000 barrels of crude oil per day at the state's five refineries.
  • In 2019, Washington had the fourth-lowest average electricity retail prices in the nation, and 56% of the state's households used electricity as their primary home heating fuel.
  • In 2018, Washington consumed more natural gas than about two-fifths of the states, but used less per capita than all but four other states. The largest share of the state's natural gas comes from Canada, either directly or through the state of Idaho.

https://www.eia.gov/state/?sid=WA

Washington having the 4th average lowest electricity prices and greatest hydropower power production of any US state are two factors which could align to make this project successful.

I wonder what their crypto mining cost breakdown would look like in contrast to that of texas and other US states.
1300  Economy / Gambling discussion / Re: UFC Fight Night & Main Event: Sportsbet.io Predictions & discussion on: January 23, 2022, 08:13:50 PM

Predictions

Francis Ngannou defeats Ciryl Gane via knockout/TKO

If Deiveson Figueiredo can get his weight cutting issues solved, I think he will beat Brandon Moreno.

Brandon Moreno has very good cardio, that is his strength which aligns with Figueiredo's weakness which is cutting weight and endurance.

But it is hard to say who has the advantage there since Figueiredo's weight cut was very bad for the 2nd fight.




Called the right winners.

Only got the method of KO for Ngannou's win incorrect. Should have been decision.

Hope everyone did well if they placed bets on UFC 270.
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