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2121  Economy / Economics / Re: A user's turns his $130 into $1,30,000 in just 3 days (NFT) on: February 02, 2021, 10:53:39 AM
Artworks and promotion are based on either luck or money laundering.
it will not be repeated, it is a coincidence that has happened to that user, or someone is trying to launder money.
Such deals are not usual in the cryptocurrency market, this is nothing more than news for the newspaper and not something we can all do.



Years ago, there were apps with no useful features with graphics and GUI that looked as if a 5 year old child had drawn them. These apps with no useful features had multi million dollars in sales.

Later it was found that criminals and drug dealers made bogus apps to sell/buy them to launder their money and fool regulators into thinking the funds were transacted under legitimate business.

It is possible a large segment of the NFT market is owned and run by criminals who NFT transactions to launder money and cover for illegimate business.

But AFAIK this has yet to be confirmed.
2122  Economy / Gambling discussion / Re: May-Pac 2, will it finally happen? on: February 02, 2021, 10:27:22 AM
Judges and compustat were so unfairly biased against Manny Pacquiao in the 1st fight.

I doubt he'll be interested in a 2nd. For the same reasons GGG probably wouldn't want to fight Canelo and be robbed by the judges a 3rd time.

Not that I think Manny beat Floyd. But the fight was closer than scorecards or judges gave it credit for being.
2123  Economy / Economics / Re: The GameStop Counterfeit Shares Hypothesis on: February 01, 2021, 01:42:00 AM
Here is my hypothesis: I think the hedge funds, clearing houses, and DTC executed a coordinated effort to put Game Stop out of business by conspiring to create a gargantuan number of counterfeit shares of GME, possibly 100-200% or more of the shares originally issued by Game Stop. In the process, they may have accidentally created a bomb that could blow up the entire system as we know it and we're seeing their efforts to cover this up unfold now. What is that bomb? I believe retail investors may more than 100% of GME (not just 100% of the float, more than 100% of the actual company). This would be definitive proof of illegal activity at the highest levels of the financial system.


....

retail investors organized on reddit managed to pump this stock and made some hedge funds suffer tremendous losses on their short positions


Retail investors are such a tiny and irrelevent minority demographic. Its impossible to imagine them generating sums of liquidity necessary to pull this off.


Remember some of us knew something was *off* about this 3 days ago.

Before it became obvious to uneducated and uninformed randoms posting on reddit.

...

If they didn't know something was shady about it 3 days ago. They don't understand what was happening at the time. And don't know anything about it now.
2124  Economy / Economics / Re: Rich have too much on: January 30, 2021, 01:43:07 AM
People don't need money, protests or violence. They need information.

Knowledge which allows them to put current events into perspective. So they need not rely on billionaire owned media, and billionaire funded experts to explain things.
2125  Economy / Economics / Re: The narrative behind gamestop and wallstreetbets (a parody) on: January 30, 2021, 01:32:24 AM
But this isn't any stock market movement, it's a very risky price action for both sides, and as far as I'm aware, the Fed has never been caught red-handed organizing short squeezes and other risky strategies.

Who can catch them?

American senators and politicians have organized failed "audit the fed" movements for years without success.

And such things are definitely possible without the Fed, the infamous Martin Shkreli organized similar event in 2015 and later went to prison for financial crimes. When he did it, he wasn't some billionaire elitist part of the 1% of the 1%, just some CEO and trader.

Martin Shkreli was imprisoned for lying to and threatening creditors who lent him money.

Shkreli wasn't a market trader. He bought existing stockpiles of pharmaceutical drugs to create monopolies and raise prices 5000%, for profit.

2126  Economy / Economics / Re: The narrative behind gamestop and wallstreetbets (a parody) on: January 30, 2021, 12:31:32 AM
But there's no reason to think that the Fed is behind it.


Super rich ruling elites are the only ones who organize & coordinate this way. They're also the only ones with the money to pull something like this off.

Poor to middle class income brackets have tried many times over the years.. Robert Kiyosaki and others have tried to organize mass buyins to elevate the value of precious metals. It went nowhere. They failed every time afaik.

...

The federal reserve is responsible for more than 90% of stock market movement over the past 10 years.

Quote
The Fed caused 93% of the entire stock market's move since 2008

The S&P 500 (^GSPC) doubled in value from November 2008 to October 2014, coinciding with the Federal Reserve Bank’s “quantitative easing” asset purchasing program. After three rounds of “QE,” where the Fed poured billions of dollars into the bond market monthly, the Fed’s balance sheet went from $2.1 trillion to $4.5 trillion.

https://finance.yahoo.com/news/the-fed-caused-93--of-the-entire-stock-market-s-move-since-2008--analysis-194426366.html

They're the 1st place someone would look in trying to unmask those behind this.
2127  Economy / Economics / Re: The narrative behind gamestop and wallstreetbets (a parody) on: January 29, 2021, 11:02:56 PM
I'm not saying my analysis here is 100% accurate or amounts to more than a parody. Available data at this point is too preliminary to draw hard conclusions.

But it could be worth thinking about.   Grin

If that was the plan, it's not working. Now r/wallstreetsbets is entering the crypto space: they just pumped Dogecoin from $0.007 to $0.04 in 24 hours! https://arstechnica.com/tech-policy/2021/01/wallstreetsbets-craze-pushes-dogecoin-up-5x-in-24-hours/

These guys are no joke. Pay attention, because now they're playing in our backyard. Cheesy


I would be curious to know how much $$ it took to pump gamestop stock.

The number would probably be outside the budget of retail investors.

Most likely scenario is the federal reserve or another major power behind it. They're the only ones with that kind of money.

2128  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Arctic Circle - The northernmost mining farm in the world! on: January 29, 2021, 02:10:19 AM
Iceland did it 1st. (And did it better AFAIK.)

Quote
How Iceland became the bitcoin miners’ paradise

Feb 2018

The island nation is the first to use more electricity on mining cryptocurriencies than on its households – thanks in part to its magma-fuelled power plants

https://www.theguardian.com/world/2018/feb/13/how-iceland-became-the-bitcoin-miners-paradise

....

Quote
Iceland is the coolest location for data centers

September 23, 2019

Did you know that Iceland is the place for sustainable data centers?

Think of the following: When comparing the carbon emission of training a large AI model to that of the life-cycle carbon emission of an average American car (incl. production and recycling), emissions of the AI model are about five times greater than the car’s at approximately 626,000 to 126,000 in pounds of CO2 equivalent. To relate further to the common citizen, the carbon footprint of a roundtrip flight between New York and San Francisco for one passenger is around 2,000 lbs of CO2. Bitcoin mining is another generous sinner, using 215 kWh of electricity to verify just one transaction.

Countries around the world will be influenced substantially by this development. The Danish Energy Agency has predicted that in 2017-30 new data centers will contribute with 85% of the increase in electricity use in the Danish business sector.

Iceland has the perfect weather conditions for data centers, and favorable access to its two primary sources of generating renewable electricity for the data centers, i.e. geothermal and hydroelectric power. Such circumstances improve the (Icelandic) landscape for sustainable energy greatly. Besides promoting sustainability, these two renewable energy sources also facilitate high-cost efficiency and competitive, stable energy rates due to the Icelandic government’s policy in this area.

https://www.ibm.com/blogs/nordic-msp/iceland-data-centers/

....



 Grin


Iceland was also one of the first to attempt a regional cryptocurrency via auroracoin.

Whatever attention russia receives for this, is publicity iceland should be getting IMO.

The most novel crypto contribution russia proposed is mining bitcoin with nuclear power which hasn't yet materialized AFAIK.
2129  Economy / Economics / Re: Would another war in the middle east affect crypto on: January 29, 2021, 02:00:57 AM
I see that we are attaching strings of war with the crypto space here


The more eyes on this. The less likely war becomes.

Preventing war is usually a superior option in contrast to waging or attempting to survive war.

In that sense maintaining the stability of economies and crypto markets is correlated with news stories like this one being distributed as widely as possible.

It could also spur discussions on how we might create a hardened blockchain network that could survive war. So that we could continue to use bitcoin even if world war III or a natural disaster occurred.

A network of hardened satellites to conduct blockchain transactions accessible by smart phones. That could survive natural disasters like earthquakes, tsunamis, hurricanes or tornados. It might also survive a world war. That could be one next level evolution of future cryptocurrencies we're searching for.
2130  Economy / Economics / The narrative behind gamestop and wallstreetbets (a parody) on: January 29, 2021, 01:22:58 AM
Warren Buffett:  Athletes and celebrities are withdrawing money from US stocks to invest in bitcoin and cryptocurrencies.

Bill Gates:  This is dangerous. What happens if institutional investors sell berkshire hathaway stock to buy BTC.

Warren Buffett:  You and I would lose mountains of wealth my friend.

Paul Krugman:  May I propose rebranding US stocks to be more competitive with crypto. Holders of bitcoin like to feel they're fighting the power and sticking it to the man.

Paul Krugman:  Perhaps we can fool them into believing that pouring their money into stocks, which benefits wallstreet, will actually hurt wallstreet in some way.

Paul Krugman:  I know this guy called wallstreetbets who might be interested.

Warren Buffett:  We must do something to prevent capital flight from US stocks from migrating into cryptocurrencies. Make it happen.

....



I'm not saying my analysis here is 100% accurate or amounts to more than a parody. Available data at this point is too preliminary to draw hard conclusions.

But it could be worth thinking about.   Grin
2131  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Arctic Circle - The northernmost mining farm in the world! on: January 28, 2021, 02:16:02 PM
Google experimented with server farms on ships, utilizing ocean water to provide liquid cooling. This was many years ago. (AFAIK it didn't work)

I believe it was iceland who began this trend of constructing data centers in cold regions to leverage climate based cooling for servers. Props to russia for hopping on the bandwagon.

What will the next evolution of data center localization look like? Thepiratebay and others tried servers located in international waters in an effort to sidestep censorship and regulation without success. There was a proposal for servers stored on drones flying 24/7 in international airspace in an effort to upgrade thepiratebay's "net neutrality" efforts.

Elon Musk could store servers in space onboard his upcoming plans for internet provider satellites. I think the lack of ambient gas in upper atmosphere could result in reduced cooling despite space being a colder environment. That's an interesting topic, I wouldn't mind knowing more about.
2132  Economy / Economics / Re: Indian Economy to grow at 11.5% in 2021 say IMF on: January 28, 2021, 01:47:15 PM
Indian seen growing by 11.5% in FY22

      Is this possible?



The report is misleading.

Quote
New York: The International Monetary Fund (IMF) projects India's economy to bounce back by 11.5 per cent in the next financial year.

The report, however, expected the gross domestic product (GDP) to dip in 2022-23 fiscal year to 6.8%.

https://www.onmanorama.com/news/business/2021/01/26/imf-indian-economy-growth-fastest.html

....


11.5% is a "bounce back" rebound stat. Later its mentioned true GDP is expected to decline up to 6.8%.

India sharing a border with china and being a main trading partner, is a likely motive behind the over optimistic report. This glowing positive report is meant to make china's economy *look good*.

The united states achieved greater than 10% economic growth annually. When it was more sparsely populated and deregulated in the 1800s to 1900s.

10% economic growth is an achievable goal. Although not by the restrictive bureaucracies and high taxation business environments of today.
2133  Economy / Economics / Re: Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Hits $2 Trillion on: January 28, 2021, 01:19:30 PM
America became great by being the 1st nation to embrace emerging trends of innovation and invention.

In 2021 america is taking deliberate steps to ensure it is always the last country to support new inventions or innovative trends like crypto. Or to greenlight crypto ETFs.

Articles written about engineering or architecture from 50 years ago, are more inventive and progressive than the majority of content published today. It is interesting how 2021 has come to be more regressive, backwards and anti intellectual in contrast to standards set in the 1960s or 1980s.

The natural move for the SEC would be to approve crypto ETFs as soon as possible, to ensure the USA doesn't fall behind europe and asia. We live in unnatural times.
2134  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: January 28, 2021, 01:03:20 PM
retail investors organized on reddit managed to pump this stock and made some hedge funds suffer tremendous losses on their short positions


Retail investors are such a tiny and irrelevent minority demographic. Its impossible to imagine them generating sums of liquidity necessary to pull this off.

Those getting behind this movement being impulsive and not well informed or educated. The mass hysteria and greed this fosters. Can't be good.

If this were legit they would target a stock or crypto asset where price trends wouldn't be so visible or noticed.

There are less regulated markets trading on lower volume which would be easier to target for better $$ profits and gains.
2135  Economy / Economics / Would another war in the middle east affect crypto on: January 27, 2021, 02:40:31 PM
Quote
'Israel will attack Iran if US re-enters nuclear deal'

The Israel Defense Forces is drawing up plans for an attack on Iran’s nuclear program, the Israel Hayom daily reported Thursday in a front-page article.

The newspaper said that IDF Chief of Staff Aviv Kohavi has asked for three alternate proposals to derail Tehran’s program, without elaborating on them. It only indicated one of the proposals is a military strike, noting that such a plan would require a significant budgetary boost for the Israeli military.

Iran resumed enriching uranium to 20 percent last week, well in excess of the threshold set out in its landmark 2015 nuclear deal with world powers and a short technical jump from the 90% level of enrichment needed to produce weapons.

The Israel Hayom report came a day after Likud minister Tzachi Hanegbi, considered an ally of Prime Minister Benjamin Netanyahu, threatened that Israel could attack Iran’s nuclear program if the United States rejoined the nuclear deal, as US President-elect Joe Biden has indicated he plans to do.

“If the United States government rejoins the nuclear deal — and that seems to be the stated policy as of now — the practical result will be that Israel will again be alone against Iran, which by the end of the deal will have received a green light from the world, including the United States, to continue with its nuclear weapons program,” Hanegbi said in an interview with Kan news.

“This of course we will not allow. We’ve already twice done what needed to be done, in 1981 against the Iraqi nuclear program and in 2007 against the Syrian nuclear program,” he said, referring to airstrikes on those two countries’ nuclear reactors.

Former US president Barack Obama, with incoming US President-elect Joe Biden as his vice president, signed the Iranian nuclear deal with world powers in 2015. The Trump administration withdrew from the accord in 2018 and pressured Iran with crippling economic sanctions and other measures.

Obama signed the agreement despite fierce protest from Israel, and had a rocky relationship with Jerusalem and Netanyahu, while the premier and Trump have been in lockstep on most Middle East policy issues.

Biden is expected to take a more conciliatory approach to Iran and has said that if Iran returns to the terms of the nuclear agreement, he too would rejoin, removing the crushing economic sanctions that have wreaked havoc on the Iranian economy over the past two years.

The US president-elect has indicated that he wants to negotiate more broadly with Tehran if Washington returns to the deal, notably over its missiles and influence across the Middle East. Iran has said it could welcome the return of the Americans to the agreement, but only after they lift sanctions. It has rejected negotiation on other issues.

Iran and the Trump administration have engaged in an ongoing exchange in recent months as the Trump administration draws to a close and Iran marked the one-year anniversary of the US assassination of its general Qassem Soleimani.

The back and forth has included threats, military maneuvers, legal action and escalating Iranian violations of the nuclear deal.

Further complicating the Biden administration’s plans to reengage with Tehran were two high profile assassinations this year in Iran that were attributed to Israel. Top Iranian nuclear scientist Mohsen Fakhrizadeh was gunned down outside Tehran in November in a hit Iranian officials blamed on Israel. In August, Israeli agents killed al-Qaeda’s second-in-command in Tehran at the behest of the US, according to a New York Times report.


https://www.timesofisrael.com/report-idf-drawing-up-plans-to-strike-irans-nuclear-program/


....



Iran has come to be allied with and supported by the left wing. While israel is allied with and supported by a diminishing right. This explains why right wing Trump sided with israel. While more left wing Biden and Obama side with iran. The real danger is israel's isolation. They have their backs to the wall. Perhaps not unlike a cornered animal. One that might attack when it has no other options.

Many consider gold and precious metals to be doomsday currencies which will retain their value in an apocalyptic event. But the inability to revert to precious metal based markets and infrastructure in the event of devastating natural disasters make me question the logic of this. There is no reversion to precious metal based infrastructure when nations like puerto rico are devastated by natural disasters like hurricanes. There is no historical precedent for a reversion to precious metals based economies that I know of.

I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why.

2136  Economy / Economics / Re: Financial freedom and success comes from knowledge on: January 27, 2021, 01:44:13 PM
Before the covid the richest people sold their assets why so ? You think it was inside info ? No it wasnt they just know about money



Weeks before the US stock market crashed. There were reports of component and part shortages in global factory supply chains. Due to chinese factories closing as a result of a pandemic.

I remember watching the DOW average in amazement for weeks. Wondering why the US stock market wasn't crashing. Finally it crashed. To the surprise of many.

Independent media, which many hate and despise. May have been the only media covering the story about factory supply chains slowing as a result of a pandemic. I think it was ignored by most mainstream media. Which is why it caught many by surprise.

Accurately vetting sources of news and information can be valuable for traders and investors living in an information age.
2137  Economy / Economics / Re: ...And the good news keeps on coming... on: January 27, 2021, 01:30:20 PM
US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.


....

Nothing new under the sun. Read the following headlines and share in the tragic comedy of my american homeland.   Smiley

Quote
F-35 Program Costs Jump to $406.5 Billion in Latest Estimate

The cost of the F-35 jet program, already the most expensive U.S. weapons program ever, is estimated to climb further as the plane’s production period gets extended, according to figures submitted to Congress on Monday.

https://www.bloomberg.com/news/articles/2017-07-10/f-35-program-costs-jump-to-406-billion-in-new-pentagon-estimate

...

Quote
Chinese hackers stole F-35 fighter jet blueprints in Pentagon hack, Edward Snowden documents claim

Chinese hackers stole "many terabytes" of data about the American F-35 stealth fighter jet, new documents provided by NSA whistle-blower Edward Snowden contend.

https://www.nydailynews.com/news/national/snowden-chinese-hackers-stole-f-35-fighter-jet-blueprints-article-1.2084888

...

Quote
China proudly debuts its new stealth jet it built 'by hacking into US computers and stealing plans'

Taking to the skies at the airshow in the southern city of Zhuhai, in Guangdong province, the J-20 stealth fighter passed by onlookers in a thunderous demonstration.

The aircraft is believed to have been built in part from plans of US war planes, obtained by Chinese hackers jailed earlier this year – a claim which Beijing has firmly denied.

https://www.dailymail.co.uk/sciencetech/article-3893126/Chinese-J-20-stealth-jet-based-military-plans-stolen-hackers-makes-public-debut.html


Imagine spending $400+ billion developing a stealth fighter.

Only to have china steal all of the critical data to build their own equivalent stealth fighter for free.

In another world, this may have been a national embarrassment. As things stand this has become entirely normalized and widespread.

2138  Economy / Economics / Re: Will Biden raise the federal minimum wage from 7.25 USD per hour to 15 USD? on: January 27, 2021, 01:11:04 PM
California implemented mandatory minimum wage hikes to $13 in january 2020. With catastrophic results.

Many small US businesses are taxed and regulated so heavily. Mandatory wage hikes force them to file bankruptcy and close businesses down.

This is one of the driving forces behind residents and business owners fleeing california for other US states.
2139  Economy / Economics / Re: Russian currency big problems on: January 27, 2021, 12:59:45 PM
Western sanctions have also forced Russia to look toward China for investment opportunities.
Moscow and Beijing have reached an agreement to replace the USD with national currencies in international settlements between the two countries. The agreement also calls for the two sides to develop alternative payment mechanisms for the US-dominated SWIFT network (international interbank financial system), moving towards promoting trade in Russian rubles and the yuan.



Agreed. Sanctions have forced russia to rely on china and banks to conduct its normal business.

Quote

Russia's policy and stance has shifted significantly since sanctions were imposed. Its policies lean heavily in favor of china and banks as a result. Example russia's media used to be fiercely independent. After sanctions were imposed on russia, media outlets like RT (russian times) shifted to publishing more "woke" talking points.
2140  Economy / Economics / Re: Indicators as suitable strategy on: January 27, 2021, 12:35:28 PM
Political analysis and projection trend towards underestimated and misunderstood. Which could mean the biggest gains are to be found there. Being able to properly predict and position to leverage the changes Trump or Biden's administration would make in advance. And what the long term effects would be. This is an area the majority of traders would appear to avoid. Yet it could be the most important in terms of trading safely and profitably.

In theory, insider trading is illegal. In reality, there could be many in the inner circle of politicians and elites who make mountains of cash, simply through knowing in advance which policies are being rolled out and when. Having access to that type of inside info is another neglected area for trading.
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