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1101  Economy / Economics / The great resignation? Ripples before the inflation rates destroys the economy? on: November 17, 2021, 03:16:50 PM
A record breaking news where 4.4 million people quit in September is shaking the companies to their core. {According to Job opening and Labour Turnover Survey} This number accounts for almost 3% of employees. Workers apparently have more leverage to move around since out of 10 Job openings only 7 workers are applying. Most of these employees are actually Frontline workers. People who do not have the ability to work remotely are quitting.

https://www.cnbc.com/2021/11/12/a-record-4point4-million-people-quit-jobs-in-september-great-resignation.html

Apparently it's being ruled out that people are quitting due to Inflation (also they do believe there are no effective strategies to tackle inflation yet)

Also one is quite aware of the fact that the Frontline workers are paid the least. This might not be the good news that you think it is. Some people might blame it on discriminative labour laws, some might blame it on the COVID-19 undoubtedly.

But this might be a good opportunity for the workers as well. Is the economy going to collapse? With the markets shutting down due to lack of labourers and the government not effectively increasing their salaries, with the Frontline workers struggling and the US health care being ridiculous to the point that people might skip going to the medical care institution. What do you think? How would this affect the economy?
1102  Economy / Gambling discussion / Corruption In Gambling?? News and real stats (uk) on: November 17, 2021, 11:15:31 AM
Quote
Six top beneficiaries (salaries and hospitality from casinos and bookmakers)
Philip Davies (Con): £58,675 (£8,695 hospitality, £49,980 wages)
Laurence Robertson (Con): £33,306.60 (£9,306.60 hospitality, £24,000 wages)
Scott Benton (Con): £7,495 (hospitality)
Nigel Adams (Con): £7,417.14 (hospitality)
Aaron Bell (Con): £6,955.60 (hospitality)
Esther McVey (Con): £6,094.60 (hospitality)


According to the rules and regulations of the government, any hospitality is generally allowed and transparent. But at the same time the MP's are receiving innumerable amount of funds which many people feel might be used to buy them, *to make impaired judgements* regarding the legalization of the casinos, gambling or any laws in that area.

All in General, 28 MP's are paid by Gambling companies and they received 224,281 pounds since August 2020. Not only that after receiving so called *hospitality* 3 MP's spoke out in the favour just after receiving the funds.

Source : https://www.google.com/amp/s/amp.theguardian.com/society/2021/nov/15/almost-225000-in-wages-and-freebies-taken-from-gambling-industry-by-28-mps

There have been evident attempt to change the decisions of the court, to influence the overall decisions regarding Gambling. Gambling is beneficial only when the legal authorities instead of using the money to speak, sit down, analyze, examine the effects, make appropriate changes and help it's citizens.

What do you think ?
Will this affect the regulations, rules, laws negatively?
1103  Economy / Economics / Re: Fed will shrink liquitity on: November 16, 2021, 06:51:14 PM
If the FED'S might have to step in the system then they have to realize that, they have already lost their whole economic game them. FED's managing the liquidity is the last resort. Which does mean that, the system is flawed and not working.

*Shrinking the liquidity is of utmost importance*
Write now the reason why the whole system is in chaos is due to excessive money being printed. The Donald Trump's era, meant a lot of money being poured into the COVID-19 reliefs being provided to the people. The system did not manage to generate jobs at the end of the day whose negative effects were already seen during the strikes.

Right now they need a healthy economic growth and controlled liquidity.

{ Suddenly the whole idea of Bitcoins having limited coins to be mined seems interesting, doesn't it?}
1104  Economy / Economics / Re: Twitter CFO - Twitter to allow tips in crypto on: November 16, 2021, 06:20:16 PM
Only the other day we were talking about this in a thread when Twitter declared the development team. Facebook went into this "Markets" thing and made a mess of it with their cringe videos and shitty news feed. I think Twitter will definitely do a better job with this.

It'll be tips, streaming payments and a lot else. This also looks like it'll be the first widespread deployment of the Lightning Network. As far as the competition with respect to Metaverse is concerned, I don't think facebook stands a chance against Twitter. They have two very different value systems. Facebook wants to control you and insulate you from everything else. Twitter only wants you to connect and shout from the rooftops. It is obvious where the kind of people who are interested in Metaverse will converge. On Twitter, this will continue to be community-built and open source. Nobody needs Meta, really.


Twitter is a more open community and at the same time I do think we have to understand the fact that Facebook have already lost the race and they have dealt with privacy in the worst way possible therefore when they would be dealing with cryptocurrencies whose primary idea was to give users a private space.

I do think that metaverse instead of investing their into other cryptocurrencies might try and create theirs which would eventually be a big fail.

Tipping users in cryptocurrencies might help in more adoption, users might not even know anything about cryptocurrencies but they might have to download a wallet and learn, it would stir up their interest for sure!!

The Bitcoin tip service might be one of a kind on social media platform! Let's see how it works tho.
1105  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin transaction fee fixed? on: November 16, 2021, 05:38:38 PM
When we are talking about the Bitcoin transaction fee:

I would recommend you to use wallet like samourai generally I use this wallet to coordinate my fee and see how long I wanna wait for my transaction to get confirmed. What you can do is, you can check how many sats they are taking and if you are getting underhyped about why it's taking forever then you also have general tool to increase your transaction fee. Therefore you can always boost your transaction fee!!

The fee is not fixed. You have the ability to choose from a wide variety of options but ofc the delay would be based on your part as well.  Smiley

If I'm not mistaken, it depends more on the company with which you decide to work.

What do you mean ??
You mean the fee as decided by the miner ??
Seems a bit out of context tho.


Miners ofc can choose which transactions might be beneficial for them. Therefore they have the ability to choose their transaction fee.
1106  Economy / Economics / Re: Legalization and Standardization of Organ Donation on: November 16, 2021, 09:17:40 AM
I think you are not aware of the dark web that secretly takes the organs out of poor people sometimes then sells it in either black market and for some of them they end up getting sold in countries with legal organ donation. It's not as simple as it sounds since at the end of the day, organ donation becoming legal might mean these activities will increase in some corrupted Nations. It is legal in some countries but it still comes with a lot of negative effects. Also at the same time it's not really a 100% safe procedure, I myself would not recommend anyone to do it as a means of earning money since your body might have infection, sepsis, internal bleeding, long term damage and death as well. If done for emergencies it's completely understandable, if done for selling and earning some money, a lot of things can go wrong.
1107  Economy / Gambling discussion / Nebraska, Gambling might be too expensive for casinos on: November 16, 2021, 07:38:54 AM
What do you think might be the cost of a Casino license? Even if you are taking it for 20 years, I do not think you ever thought it would be 1 million!!

Apparently in Nebraska if you would go according to the new reforms that might be coming forth, the casinos might have to pay 1 million to issue them a license that would work for 20 years.

Other than that there would be other regulations like :
1. People won't be allowed to smoke
2. Only the security is allowed to carry the firearms

Public hearing would be on 17th December but asking the casinos to pay all of this fee upfront might be a bit too harsh.

What do you think ?

source


Let me add an image from google highlighting the normal license fee for other states and regions


скачать онлайн картинки
1108  Economy / Economics / Re: Inflation is always and everywhere a monetary phenomenon -- Milton Friedman on: November 16, 2021, 07:03:55 AM
Not just their policies but also due to the lack of control they had during the pandemic. The situation could have been handled in a better way but unfortunately now the prices of basic things are sky rocketing.

Inflation is healthy if you consider the small amounts every once in a while but when we are looking forth into the whole system, I think we are 10 years ahead which is negatively stressing the economic growth.

Blaming is just a green card to maybe get votes in the next elections. In few countries they tried to bribe with the huge stimulus check as well.

There are so many shopping complexes that are dying, the surge in the COVID cases are going to sky rocket in my country in approximately 2 weeks, which would have drastic impact on the whole situation as well. But as I have seen, people still love to go to the restaurants but government have changed some rules, now no one is allowed inside without a vaccine or a recent covid-19 negative PCR report which I do think is really interesting and might be working on some levels as well.
1109  Bitcoin / Bitcoin Discussion / Re: Bitcoin ecosystem’s weakness on: November 15, 2021, 05:49:53 PM
Problem with license is that :
Generally they are very expensive for the individual miners since the general cost of mining includes the excessive cost of electricity as well. Which does mean that the rules and regulations set by the government might be harmful for the individual/small miners but they would be very much more important for the mining firms, which can swiftly take over the hash rate.

Therefore I do think as long as the marker is dominated by mining companies, there won't be any bigger/ excessive change.

Other than that I do think the legality of owning an ASIC is not one sided, it's much dependent upon the government as well.

ASIC resistance is something that might not work worldwide.
1110  Bitcoin / Bitcoin Discussion / Re: AMC Theatres Debuts Bitcoin Payments on: November 15, 2021, 04:43:39 PM
AMC Theatres finally have begun accepting bitcoin payments. Initially it has begun accepting bitcoin, ethereum, bitcoin cash and litecoin for online payments. This has been added along with the traditional payment gateways like Apple Pay, Google Pay and PayPal. He also mentioned that the next cryptocurrency to get added is the dogecoin.

People's view on the same  Cheesy

Maybe one out of hundred will pay with cryptocurrency, because every crypto users ultimate goal is to stack and make profit and not to spend on mere two to three hours fun.

People never intend to spend on the valuable cryptocurrency, rather they'll spend the trash cash.

It is a good news and more new companies will join providing similar access.

Source : AMC Theatres Debuts Bitcoin Payments

To evaluate how big is the news I do think people should additionally know that AMC theaters are the largest share market, related to theater in the US. Which does mean that their influence is going to be really helpful for the whole bitcoin community. In contrast to how Biden might be reacting towards cryptos we are seeing such steps taken not just be big companies but also some states are also beginning to solidify their grounds on Bitcoins and crypto gambling as well which does mean sooner of later the president might have to reconsider how much importance they give to cryptocurrencies like bitcoins.

Also it's not something that they just jumped into, If I remember correctly they have been using statements regarding cryptos for a while but never officially started accepting cryptocurrencies since 3 days ago. Plus if you do trust cointelegraph it's really astonishing to know that it actually accounts for 14% of all their transactions now.

https://www.google.com/amp/s/cointelegraph.com/news/amc-theatres-debuts-online-bitcoin-payments-after-months-of-teasing/amp
1111  Bitcoin / Bitcoin Discussion / Re: When Religion and Finance [Bitcoin] Overlap and Clash on: November 15, 2021, 03:49:15 PM
I am not really a Muslim or a religious person perse. But I do understand those values but at the end of the day :

Isn't everything uncertain??

The idea of certainty is usually defined by traditional things, traditional investments but when we talk about today's failing economy, can we really position them in the same sector for long term??

-The economy of most countries are falling apart which means soon enough the price of the particular currencies might fall down in matter of seconds.

-The price of most things are sky rocketing, we cannot just define volatility to be a factor attached to Bitcoins.

Investing is considered 'haram' in islam, mainly any short term selling is supposed to be forbidden. But at the same time, I do think we can go into deep depths about what's Haram or no, most of the times, people do it not because they don't trust their religion, but because they trust their common sense more.

At the end of the day it's the decision of a person not the decision of a government forcing their ideals.
1112  Bitcoin / Bitcoin Discussion / Re: Why Are More Whales Moving Their BTC? on: November 15, 2021, 02:55:12 PM
Fact is even if it's a whale they might try to put a little chaos in the market by doing so, which evidently happens every once a while, people see it and then get very scared if it would cause chaos or if the price would fall and the new investors generally sell their coins amidst panic but the fact is you don't even know if it's a whale and even if it's a whale you don't even know if they wanna sell.

Therefore these kinds of news and posts are something that I think might be the best to ignore. At the end of the day the market is very suggestive to such posts but one thing you need to learn about investing is to not panic.

There’s no way of knowing who those entities are. It could be exchanges moving funds, it could even be OTC sales, without context it’s an impossible, wild goose chase.


The tweet said, although it can’t be verified, that the largest transactions didn’t come from exchanges. Plus I believe Ki Young Ju just wants to show that there was a very big surge during 2017, after those large movements. Cool

No way of knowing what's gonna happen what we can do is to wait and watch. I do think we have already seen bitcoins soar up so high we might not see that huge surge for sure.
1113  Economy / Gambling discussion / Re: A positive evaluation of gambling. on: November 15, 2021, 02:20:05 PM
Well for me i would like to add some other things as well :

1. Sports betting helped me socialize with my friends, getting more intune with everything and it's generally amazing when we all sit down at our houses watching the tournaments together. So it not only gives me a chance to engage with people more but also in a positive way.

2. First time I Gambled on sites using bitcoins I lost a lot but eventually you get a hang of a thing, you become good at it, which applies to games, cards, most of the things that you could have missed out but you didn't therefore I do think it helps you polish and gain new skills as well. As long as you are not overdoing it ofcourse.

In small amounts it's a sports that can make you happy and provide thrill every once in a while but in huge amounts it can be super addictive ofc.
1114  Economy / Economics / Re: Crypto start-ups receiving copious funding on: November 15, 2021, 01:35:30 PM
Now one must understand the fact that:
About 90% of the start-ups ends in failure
(Stats taken from google) which does mean that investing in a startup is immensely risky. Even more when we are talking about crypto based projects. There are around 317 crypto based startups around the world ( data taken from google) which are more or so functioning at a stable level. But at the end of the day, one cannot ignore the failure aspect hands down.
Crowd funding campaigns are also a risky option since at the end of the day sometimes you cannot even sell the token of they might even get listed anywhere which sparks more doubts about them yet again.
That's exactly why I don't really trust start-ups because we never know which one to trust ?? It's always a risky space, an unsafe area which might end up bad for small scale investors. Investors needs to understand that these choices are really hard to make and they cannot just close their eyes and set it in stone. It's better to invest in cryptocurrencies (my opinion entirely) takes away some of the risk.
1115  Economy / Economics / Re: Credit cards | A scam or a tool? on: November 14, 2021, 06:00:06 PM
For me personally I do think that credit cards are actually something that might be useful if used correctly, undoubtedly they expect you to spend money that you don't have, but at the end of the day, you do have to return the money as well therefore you have to understand the fact that they are more like you are borrowing money, sometimes it's also very lenient with the interest as well, some of them have like 0% and easy down payment so it might be good for you if you are a student and want to invest in some things, travel as well, it would give you more opportunities. It's not scam perse but it depends on how you use it and when you use it. I do think it might not be the lifestyle of every other person you see here but in some countries it's very essential, for uk you cannot even make VISA payments using your debit cards, you would need a credit card for that.
1116  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Football Fan tokens and gambling on: November 14, 2021, 05:25:55 PM
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

I remember the post being made before as well, these fan tokens are actually something that would help the fans to vote on certain decisions regarding the team. I do think it's gives you a little say regarding the whole team and how it would work as well, therefore I do think it's perfect for people who are dedicated to a team perse.

I do not think they would be used in gambling tho. It would be more like : designs that you might choose for their jersey, vote for other superficial things as well. For gambling I do think it's easier to use cryptocurrencies they provide you with more options hands down..also some people go so far as to compare these fan tokens with NFT's which might allow you to sell them as well.
1117  Bitcoin / Bitcoin Discussion / Re: Bitcoin endangered b/c of quantum computers on: November 14, 2021, 04:48:48 PM
Everyone keeps discussing bitcoin being endangered bc of quantum computers but wouldnt scrypt coins be in more danger like litecoin? A quantum computer would consist of a lot of cpu/gpu power.

This is something that I think everyone did discuss in detail ages ago when the news first came out.

Some points you have to remember now :
1. The government sites are far much easier to hack than bitcoins now they would not let anyone have that much power that they can bring down the whole country with them.
2. They won't be available in the market so easily and they would be so much expensive as well
3. If we do find a way to integrate quantum mechanics somehow in Bitcoins as well I think it might be lit tho, making it more stronger than ever but not a tech guy here thus don't know how that would work.
4. It's not just bitcoins that would have to face the probelms it's everything! That you know and use, so bitcoins should be the least of your worries right now.
1118  Economy / Economics / Re: crypto for the development of local farmers...can.....? on: November 14, 2021, 04:11:21 PM
Until now, several cryptocurrencies related to the agricultural sector, seem to be less effective for farmers and also there is no progress. because of several projects such as those in my own country, including Hara Token (HART) and Agricoin (AGC & AGCMN).
  who try to use the agribusiness sector as an asset for crypto offerings, there is no development and tends to be left behind even though 30% of the world's population is a farmer and the other 10% is related to agriculture. Can cryptocurrencies still be applied to future economic developments in the agricultural sector because it seems difficult?

Here is why I do think it's an amazing idea and why it would work for developing countries.

The farmers grow and sell in a bulk to the middle man which then sells to consumers. Now the cost is very very different. Let me tell you some stats. The cost of something x as sold by the farmer is generally = 1y but when you buy it from the middle man it's 20y.

Now the reason farmers are not able to do anything is because they do not make profits for them since sometimes fertilizers etc are provided by the middle man, now this cycle continues for ages and they are always on the border.

Now if a farmer can sell his vegetables for even 10y then he would be making 10 times the profit on every sale. This would only work if he has good knowledge of cryptocurrencies and how he can use them, which again highlights another probelm: the lack of education in the poor sector of the society.

Now the government might have to ;
1. Give free classes to teach them about cryptocurrencies and how they can be used to expand their business
2. Provide them easy loans to start it on their own for the time.
3. Have a good support system for them till they are able to understand how everything works.

This is hands down an amazing idea and this way even local farmers can have a say in the national and international markets.
1119  Economy / Economics / Re: Mindset game for the skilled and unskilled. on: November 13, 2021, 06:12:41 PM
It's not just about the skilled and the unskilled most of the companies and the jobs are focused onto the idea of degrees as well. Even though you might be more skilled they would not accept you over the person who has a better degree. Also many universities and campus provides in campus job opportunities as well therefore I do think you should not only focus on your education as well, which would need immense planning from day one. Therefore most of the times it's also about the experience you can gain over the years perse. Since the companies always prefers experienced people over the unskilled and freshers so therefore, it would be wise to take over internships as well overseas even if it's unpaid to get more skills.
1120  Bitcoin / Bitcoin Discussion / Re: El salvadore and btc on: November 13, 2021, 05:31:53 PM
Instead of btc they would just started using stablecoins.
Btc is not and never will be suitable for payments.
Neither will be eth/ tron ltc.. they are just digital gold reserveres once the banks start more usdt adoption then surely they will need digital gold such us btc they will need it most.
Btc are just digital gold (and its backing up usdt) you cant just mint usdt...it will inflate like a current fiat money.
For paymemts always good stablecoins.



Your statements are so wrong in so many ways. I do think you have to understand the fact that:

1. Stable coins are nothing but an asset backed by another asset which does mean that they might as well just use the original asset for payments etc. Why do they need stable coins ??

2. Bitcoins is suitable for payments undoubtedly, it entirely depends upon the country and the company ofc, there might be companies looking forward to invest in Bitcoin for long term and therefore, using Bitcoins as a source of payment would make it all easier for them to open seperate funds.
We leave lightning network and for sure there are significant improvements that would be made in the future certainly.

3. It's a means of exchange, it's amazing how handy it can be in international payments or the payments that might require a lot of third party, slowing down the whole system, overall bitcoins is a boon for the economy, If used correctly undoubtedly.
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