Interesting idea. I think this would fall under the category of a derivatives market. It would essentially be a lighter and softer version of sports gambling. Instead of losing 100% on a losing bet. Speculators might lose only 20% of their bet on a bad call and not be wiped out. Losses would be significantly smaller. But the percentage gain on a winning bet would also be significantly smaller. Assuming there was no leverage involved. IMO for this to be successful, they would need to partner with sports leagues and offer sports memorabilia, collectibles, merchandising and other exclusive prizes. Successful sports gamblers and fantasy sports players have no need for this & would profit more outside of a sports derivatives market. For this to succeed they might need to offer consumers exclusive things like sports collectibles they couldn't find somewhere else. Or they would market this to whatever demographic is interested in sports gambling but wants a safety net attached. |
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Why people still buy stocks?
If with crypto much bigger profits *
3% daily gain is nothing If you can get 100% profit with Good coins pump.
How the Hell people Even get rich with stocks with so small profits?
 Stocks can exhibit worthwhile percentage gains over time. Stocks and traditional investments are perceived to be more reliable and stable investments over the long term. Due to greater regulation, laws and in theory: scrutiny. They may also have better protection in the form of insurance and state funded bailouts. As witnessed with ICOs crypto is generally less regulated, which comes with its own set of positives and negatives. Much of china's vaunted success is attributable to its deregulation based approach to business. While there are many who preach positives of regulation, there aren't many who reconcile that stance with growth margins of deregulated chinese markets. Stablecoins like tether are said to hold a greater sum of reserves than fractional reserve banks and similar institutions around the world. There are many aspects to the debate which covers such a broad spectrum it can make it difficult to see the big picture. |
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How can a lending system work in a decentralized system ? Why would anybody pay back its debt? Crowdfunding and kickstarter are decentralized lending systems. The decentralized lending format could become more apparent in the guise of franchises like the game Star Citizen. Where some initial funders requested refunds. There are other lesser known cases where kickstarter projects failed to deliver on promises, which later went to the court system. In worst cases, the criminal justice system becomes involved. Offering a percentage of interest to initial crowd funders is a variation on the same system kickstarter and other crowdfunding projects have utilized for years. |
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Is the internet making people lazy or what do you think? As the size of the human population grows, new methods must be devised to boost productivity, transportation and efficiency to sustain growing demand for food, water, goods, living space and other necessities. Gains in productivity and efficiency translate to less specialized skillsets and intelligence being necessary for survival. Over time challenges and obstacles which were historically difficult and non trivial become more geared to so-easy-a-caveman-could-do-it formats. There are definitely avenues in which our growing technology influences our culture that are not being widely acknowledged. In the past, someone would have to read books to develop a good knowledge base. Today they need only visit google and do a keyword search to try to educate themselves on topics, they know little or nothing about. The game has definitely changed. And who knows what the long term implications might be. |
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Can the US economy be "booming" with COVID restrictions remaining in place? Pfizer's profit margins are booming thanks to COVID-19 vaccine revenues. Aside from those benefiting from the pandemic, which segments of the US economy are "booming" atm? Gas prices are high. Thousands of jobs were lost. Many businesses went bankrupt. All thanks to lockdowns. The only things doing well were gamestop, dogecoin and for some bizarre reason the US stock market continues to trend higher. When every basic indicator suggests the opposite should have occurred over the past 6 months. |
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Specially Biden politics who will create strong dollar no doubt about it. The federal reserve has expanded its balance sheet to purchase record quantities of US bonds. They also appear to be responsible for a significant amount of stock market trends since 2008 through QE injection of funds into stock trading investment banks. No doubt the fed under Biden could expand its balance sheet to buy up large quantities of the US dollar on FOREX. To boost its price artificially. But would that be a sound policy over the long term. |
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what do you’ll think of the current crisis between the two countries? International relations between australia and china are shaping up to be version 2.0 of the Donald Trump versus china trade war. It all started when australia questioned the official narrative on the origins of COVID-19. China implemented economic measures in retaliation. Australia implemented economic measures against china in response. It all snowballed from there. The biggest question to me is why more countries are not upset over china's repression of information on the pandemic leading to economic crisis and reduced standard of living around the world. People should naturally be angry and upset. And for whatever reason, that natural response appears to have been repressed. |
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Warren Buffett is seeing inflation among Berkshire Hathaway’s collection of businesses as the economic recovery from the Covid pandemic kicks into high gear. “We are seeing very substantial inflation,” the Berkshire chairman and CEO said at the conglomerate’s annual shareholder meeting Saturday. “It’s very interesting. We are raising prices. People are raising prices to us and it’s being accepted.” “We’ve got nine homebuilders in addition to our manufacture housing and operation, which is the largest in the country. So we really do a lot of housing. The costs are just up, up, up. Steel costs, you know, just every day they’re going up,” the legendary investor added. Berkshire Hathaway owns one of the nation’s largest homebuilders Clayton Homes, along with companies such as Benjamin Moore paints and Shaw flooring. Inflation has begun to accelerate recently due to multiple factors, including increasing demand and struggles with some areas of the supply chain, as well as just easier comparisons with the pace of a year ago. The core personal consumption expenditures price index, which excludes volatile food and energy prices, rose 1.8% in March, the fastest pace since February 2020. The headline number increased 2.3%, the quickest pace for that measure since 2018. Federal Reserve Chairman Jerome Powell reiterated last week that he expects inflation to show a temporary move higher then settle back to around the central bank’s 2% target. The Fed has resolved not to raise interest rates until the economy sees full, inclusive employment, so long as inflation doesn’t run too far above the goal. Higher price pressures could weigh on stocks as inflation erodes the value of future company profits, and can cause a spike in Treasury yields. https://www.cnbc.com/2021/05/03/warren-buffett-says-berkshire-hathaway-is-seeing-very-substantial-inflation-and-raising-prices.html.... This serves as a counterpoint to everyone who says the US economy is "booming" atm. It is interesting how every potential cause of inflation is mentioned here. EXCEPT for Biden and the fed printing increasing piles of fiat to fund their aggressive stimulus plans and COVID lockdowns. The timeline of events and the media's stance on it form 2020 leading to the present, speaks volumes on everything. It appears that those concerned with US dollar devaluation and potential hyperinflation can expect no relief from the fed or official sources. All of whom are already laying the groundwork to deny their involvement in any hyperinflation/devaluation which occurs. |
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Venture capital giant Andreessen Horowitz is looking to raise a fund of as much as $1 billion to invest in cryptocurrencies and crypto start-ups, the Financial Times reported on Friday. April 30, 2021The new fund is aiming to raise between $800 million and $1 billion from investors, the report said, citing people familiar with the matter. Andreessen Horowitz did not immediately respond to a Reuters request for comment. The news of the development comes as cryptocurrencies surge in value this year, with a clutch of top-tier firms including Tesla Inc (TSLA.O) diving into the space. https://www.reuters.com/business/andreessen-horowitz-plans-1-bln-cryptocurrency-vc-fund-ft-2021-04-30/.... It seems investment firms are still raising billions in capital to buy BTC and crypto. We may not yet have seen the ceiling. What is key here is the motive behind it. Will they hold bitcoin as an inflation protected asset. Invest in less known crypto assets in the hope of generating revenue via growth. Is speculation a primary concern. Or are there other reasons. Whatever the motive, I don't think anyone can deny crypto is exploding atm and everyone wants a piece of the action. Perhaps this will turn into a dream scenario where everyone that plays the crypto game will walk out a winner. Wouldn't that be great. Everyone in crypto wins. No one loses. |
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The Ultimate Fighting Championship (UFC) could soon become another league to start selling non-fungible tokens (NFTs) and launch a new cryptocurrency. The mixed martial arts (MMA) organization’s parent company Zuffa has reportedly filed several new trademark applications signalling its intent to jump on the trend.
Josh Gerben, Founder of trademark law firm Gerben Intellectual Property, recently tweeted that the UFC has submitted a number of filings to the US Patent and Trademark Office (USPTO). The filings suggest the league is planning to roll-out an app allowing users to manage cryptocurrency and NFTs, as well as a new UFC-branded cryptocurrency.
The latest development could spur a significant source of revenue for the UFC, similarly to how other North American sports leagues have used the NFT technology. These include the National Basket Association (NBA), which is offering digital collectibles under the NBA Top Shot brand. As of April 23, the marketplace attracted 460,000 collectors (a 100x increase year to date) who engaged in more than 4m marketplace transactions, according to the data from the league.
The Major League Baseball (MLB) is also taking part in the trend, as earlier this month, The Topps Company released its NFT collectibles that represent the company’s flagship annual baseball card collection.
"As collectibles enjoy a breakout moment with NFTs and blockchain technology, we can’t think of a better way to honor the legendary players from years past and look forward to the incredible careers ahead of today’s stars and breakout rookies," said Evan Kaplan, Managing Director of MLB Players.
Meanwhile, according to some observers, the UFC’s recent move could be connected to the initial public offering (IPO) of the league’s owner, entertainment group Endeavor. The group’s shares rose 12% during their trading debut on the New York Stock Exchange on April 29, before back-stepping down. Through selling some 21.3m shares at USD 24 each, Endeavor raised about USD 511.2m, with a valuation of USD 10.8bn.
“Very suspect the week of their IPO. A few thousand in legal fees to pump the stock. It may be true but the timing is suspect. The UFC have used trademarking IP for earned media in the past,” commented a Twitter user who goes by the name of Oisin Quinn, adding that “they are in a great spot to make money on the NFT space as the UFC owns all the fighters rights anyway.” .... First we had professional athletes requesting to be paid in bitcoin. Now it appears sports leagues and promotions are thinking about including NFT and crypto support for their fanbases. NFTs are a new form of collectible and sports like baseball and american football have long thrived upon cards and other collectibles. Which could make the transition to digital NFTs a natural one. Would anyone here be interested in sports NFTs issued by sports leagues like major league baseball (MLB) or ultimate fighting championship (UFC)? I can't even imagine how crazy that would be if this became a reality.  |
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Quantum supercomputers are the new flying cars.
Some say they will someday be a reality. But there is no evidence of it.
An 8 cylinder engine might produce 500 horsepower. A child might look at this and announce plans to build an 8,000 cylinder engine that produces 500,000 horsepower.
An intel core CPU might produce 500 giga flops on average on 64 bits. A child might look at this and announce they built a "quantum supercomputer" that runs on 64,000,000 bits producing 500,000,000 GFLOPs. In the case of announced quantum computers the actual result is far less than 500,000,000 GFLOP (as the technology doesn't scale).
If someone bothered to read some of the whitepapers on "achieving" quantum supremacy. This is the type of thing they might see. "Quantum supercomputers" with more than 100,000 bits that don't even run. Which in theory can produce astronomical levels of performance simply by scaling upwards.
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During the 2008 economic crisis, there were US bank stocks I vaguely remember crashing down to around $0.03.
After the TARP bank bailout was passed those same bank stocks rebounded to $3.00 within a few weeks. $0.03 to $3.00 off expectations of bank bankruptcy to a big rebound from too big to fail bailouts.
How could a static floor based on ATHs affect these types of scenarios. Free market advocates might label it slightly uptrend biased. They might argue that free markets are the best method of fairly and accurately pricing assets and that the process should not be biased or regulated in favor of one direction or the other.
For myself, I think its an interesting idea. To implement it, there may need to be a reserve allowing the company would be able to buy back all outstanding shares at the floor price. To guarantee a minimum sum of capital value that is redeemable.
Example if tesla's minimum floor value was $0.20. And they had 200,000 outstanding shares. They might have a reserve of $20,000 to guarantee they could buyback all outstanding shares at $0.20 to guarantee stock holders a minimum worth.
The added protection could be priced into P/E valuation which could result in assets being traded higher. There are lots of innovative ideas floating around. A few years ago they were pushing for bi yearly stock reporting terms for US stocks rather than quarterly. Claiming that the emphasis on 3 month cycles was too short. For those who believe longer reporting cycles might be better for growing businesses.
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Venezuela's economy transitioned from being one of the wealthiest and richest economies in south america.
To eventually becoming one of the poorest in south america.
Many of the same policies which led venezuela to poverty are being proposed and endorsed at the highest levels in the USA.
Perhaps in venezuela's current state of affairs we might glimpse america's future.
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Due to the spread of the Covid-19 virus in different countries, people have become aware that many viruses can be obtained from fiat money. That's why in our Country suddenly dropped the percentage of users of fiat money especially coins.
There are simple and easy to implement methods to protect money against viral infection. According to the above article jewellers, goldsmiths, boiler makers, brass musicians and others who physically handled copper metals on a regular basis enjoyed enhanced immunity to cholera outbreaks in the 1800s. Copper is apparently so destructive to viruses that trace amounts absorbed into the blood stream from merely handling it can prevent infections in ways that can easily be traced via statistics. Copper coins are immune to the corona virus and other infectious microbes. |
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Coinbase has tried for years now to centralize US crypto markets with limited success. Having a number of competing US crypto exchanges in a decentralized format will always be better than a coinbase monopoly for american consumers. While the success of coinbase is nice to see from a perspective of crypto adoption gaining more mainstream notoriety. The best policy for consumers is to throw money and business at alternatives to coinbase, to prevent a monopoly from forming.
Decentralization and free markets are usually better than centralized monopolies. I think most would agree.
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the Office for Combating Money Laundering (AMLO) announced that from July, cryptocurrencies must identify new customers in person using a "dip-chip " device to confirm. AFAIK personal financial data on those chips can be scanned and replicated by someone in close physical proximity. Carrying a credit card with a chip in a public place like a train or bus. Makes it easy for thieves and cybercriminals who frequent those areas with scanners to clone your data the way SIM cards and other info is cloned. Good basic OPSEC (operational security) is to carry those cards/chips inside a wallet or bag that blocks RFID signals. To prevent them from being cloned and prevent data from being stolen. The same could apply to RFID chips implanted beneath the skin. Wearing a glove or sleeves that block RFID signals can prevent thieves from stealing crucial data. |
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Maximum betting limits are usually low for pre scripted events like WWE and pro wrestling. They're usually not worth betting on if the goal is solely to turn a profit and make money. $200 as a ballpark estimate for a max bet wouldn't be unreasonable. Hardcore gamblers often demand max bet limits greater than $10k.
There was a website called (I think it was) betsofbitcoin. Does anyone remember that website? Users could create their own events for people to bet on. Moderators would determine the outcome on the appointed date. The site seems to have been shut down years ago.
I have not come across many gamblers who were also fans of manga/manwha. OP I think you're the 1st I've ever seen aside from myself.
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Farmers could offer crypto support for buying produce, seeds, livestock, et cetera.
The addition of crypto merchant support could realistically boost sales 5% or more. It may also be realistic to mark up prices slightly on crypto transactions, the way that bitcoin ATMs do.
There are crypto based fractional real estate investment websites which allow consumers to buy and share in a small share of real estate ownership and profits. If may be possible for farms to offer a similar arrangement. There could be many consumers interested in investing in organic crops and homesteading. Offering them fractional shares of an organic farm (with a small dividend) could generate capital for expansion plans, funding more equipment and so on.
I think government laws and regulations. And terms that banks (who often own farm land) offer to farmers are the two largest factors determining farm viability, business and profit models. Those two areas may be difficult for crypto to have an impact. But there are other areas, which could have potential.
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The problem with initial proposals for china's yuan CBDC I've seen is it fails to offer advantages to cash or other forms of digital payment. While penalizing end users with significant disadvantages such as expiration dates forcing users to spend digital yuan within a certain timeframe to avoid having the money expire.
It took sailors 10 years to accept the explanation of fruits and vegetables curing scurvy. Many years before people were willing to trade horses for horseless carriages. There is usually a transition period associated with the adoption of new technology and inventions. They can choose to speed the adoption process by offering attractive terms to consumers. Or perhaps slow the adoption process with the opposite. At the moment, the latter appears more likely. But perhaps we'll see a shift in policy.
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I would expect Joe Biden to follow the precedent set by democrats in california and new york. The complete opposite of boosting crypto adoption.
Right wing states like florida and texas are most likely to implement friendly policies and laws towards crypto.
These trends hold true globally as well. Left wing states like china tend to be horribly repressive and hostile towards emerging technologies like crypto(which they have difficulty directly regulating and controlling). While more right wing states like iceland and the philippines offer more attractive conditions for crypto adoption. Recognizing the value and job market benefits associated with embracing new innovations.
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