|
1041
|
Economy / Economics / Re: Stimulus package drop in coinbase
|
on: April 22, 2020, 07:27:45 AM
|
Unfortunately, there is no way to check the legitimacy of this claim. It's highly unlikely for US citizens to buy bitcoin using the government help! But if that is actually happening, then we can certainly expect a huge pump in bitcoin market.
But if people are buying bitcoin with this money, they might face probe from tax authorities at a later date because the aim of such help is to increase market demand of daily items and to support the economy. Investing in bitcoin wouldn't help that goal!
+1 to this. This claim is going to perpetuated by anyone that is going to directly benefit from people buying Crypto. If Binance was to come out and say that they had a influx of $1200 purchases that's like a gold seller putting out an ad saying the same sort of thing. The only way you're going to be able to even get close to figuring this out would be through surveys, and the surveys would be HEAVILY biased by selection bias (and the completion bias, unsure what that's called) Though on a serious note: I highly doubt that the people who fit within the income limits of the stimulus money truly do need this money and are not going to dump it into any investment (speculative or not) They're going to spent it on food, rent, mortgage, car payments, etc. |
|
|
|
|
1042
|
Other / Politics & Society / Re: Coronavirus Outbreak
|
on: April 22, 2020, 05:13:37 AM
|
here is the funny thing.
if government think the virus is all over and business as usual in a couple weeks. then why need paycheck protection for the next year.. hmm
are people wising up yet that this just the first wave and they planning a year of waves
why do you think they are still making ventilators and needing tests if its all over
why do you think they are still expanding hospital capacity..
wake up
I mean it is until June 30th, so they do think that they're going to need this until June 30th at a minimum. If it needs to get extended, it TOTALLY will be extended. They've already got more money allocated to the program and if businesses continue to complain about not getting money yet THEY'RE TOTALLY GOING TO GET MORE. Small businesses are going to remember this no doubt. I don't think this is going to be done in a month or two, I think this is going to be done by the end of the summer maybe even more depending on where we're at with testing, vaccines, and if people are (or not) listening to social distancing. Crazy times ahead. Here are some reasons why it might be done a whole lot sooner than anybody thinks. https://bitcointalk.org/index.php?topic=5240262.msg54272761#msg54272761 Yeah no. If this is over sooner then we're expecting it to be, it's because we were able to successfully flatten the curve by stopping infections from hitting new highs every single day. It probably means that people were following rules regarding social distancing and rules regarding wearing masks when they're in public regarding social distancing. Further, testing has to be phenominal which it isn't yet -- it's getting there, but it isn't fully there yet. Vaccine could be out by this point, but who knows. Many companies jumping in on that right now -- I know Moderna is one of the companies that stock has went highflying due to them getting money from the Gov for more Coronavirus cure research. |
|
|
|
|
1043
|
Economy / Economics / Re: The Coronavirus and A Deflationary Crisis
|
on: April 21, 2020, 11:47:33 PM
|
|
Not sure if anyone else has said this, but I'd just like to say something: You know that when you provide a source on here it's not typically because you've just copy and pasted exactly what the article is. It's TYPICALLY used when you take a few ideas or you summarize the ideas of someone else.
Good article though, even if the source is someone who is just trying to ADVERTISE THEIR OWN COIN. Important thing to point out. Don't know if you noticed that.
I was actually saying the same sort of thing in P&S by the way. I was talking about how no one is spending money right now and b/c of that when the fed / congress goes through all of the monetary policy stuff that they're planning the inflation rate is going to stay within 2-3 percent as it typically does. We don't have a lot of data on this, but for the last stimulus package -- 2009 (Obamas stimulus package) -- inflation was in that same range even with the Fed doing what they're doing now.
|
|
|
|
|
1044
|
Other / Politics & Society / Re: Coronavirus Outbreak
|
on: April 21, 2020, 11:36:47 PM
|
here is the funny thing.
if government think the virus is all over and business as usual in a couple weeks. then why need paycheck protection for the next year.. hmm
are people wising up yet that this just the first wave and they planning a year of waves
why do you think they are still making ventilators and needing tests if its all over
why do you think they are still expanding hospital capacity..
wake up
I mean it is until June 30th, so they do think that they're going to need this until June 30th at a minimum. If it needs to get extended, it TOTALLY will be extended. They've already got more money allocated to the program and if businesses continue to complain about not getting money yet THEY'RE TOTALLY GOING TO GET MORE. Small businesses are going to remember this no doubt. I don't think this is going to be done in a month or two, I think this is going to be done by the end of the summer maybe even more depending on where we're at with testing, vaccines, and if people are (or not) listening to social distancing. Crazy times ahead. |
|
|
|
|
1045
|
Other / Politics & Society / Re: Reuters say Kim Jong has possibly contracted covid 19
|
on: April 21, 2020, 11:25:48 PM
|
Maybe his just afraid to go out because you know the news tends to over exaggerate the pandemic. But if he really contracted the disease wouldn't it be a blessing in disguise as the tyranny and fascism ends in North Korea. Though there are still no revolution taking place if he's really ill, im sure some people are sick and tired of dictatorship.
That's not how it works. For all we know an even worse nutjob could take over and launch nukes into Japan. The population has lived under this regime for three generations and is almost completely isolated. It's quite possible that the vast majority of them genuinely believe that Kim is god and that their communist shithole is the greatest country in the world. This is what US intelligence has been saying for awhile actually. They said for a long time that they were open to regime change in Tehran (Iran) because they felt that there were other groups readily available that would be able to takeover the country and unite it. Yet again, this is US intelligence talking who has ruined many nations by toppling them -- but it may be true to a certain extent. They've said that they worked with North Korea a bit more due to the fact that they didn't someone who could takeover there and not be more of a threat. May all just be BS b/c we know that NK has nukes and Iran doesn't. But just wanted to point that one out. |
|
|
|
|
1046
|
Other / Politics & Society / Re: Reuters say Kim Jong has possibly contracted covid 19
|
on: April 21, 2020, 10:27:48 PM
|
Just remember that the news source that you're quoting is OANN (or at least the person on twitter) One America News. Farther right then Fox and probably isn't too reliable. If it comes true then great, but I'd like to see a story like this coming out of all the major networks I'd have a bit more faith. Intelligence is just going to keep monitoring this. NK is going to try to shield as much info as possible about this. Their supreme leader who is pretty much a god getting the Coronavirus and being close to death isn't going to be too easy for the gov to explain to the people. The people probably don't know actually. This'll take a few days. |
|
|
|
|
1047
|
Other / Politics & Society / Re: A Good Salary vs A Career in the sector you love...
|
on: April 21, 2020, 10:22:14 PM
|
|
Depends on what your goal is and if you're good at what you love. Listening to movie stars say follow your dreams is like listening to a lottery winner tell you to sell everything you own and buy lottery tickets.
If you want to follow your heart and all that, that's great for you. I love that you have a passion and you think you can make money with it. But remember that you may be bad at it, and it may not provide the standard of living that you're accusomted to. Don't complain if this is the case because you've done this to yourself.
If you go to a career that you don't love as much, but will allow you to retire much earlier and to go on more vacations or provide for a better quality of life for yourself then that's great to.
Honestly whatever your goal is in life is going to determine this. Plus what your're good at. I love playing sports but I'm not good and I know that I wouldn't be able to play professionally.
|
|
|
|
|
1048
|
Other / Politics & Society / Re: Coronavirus Outbreak
|
on: April 21, 2020, 10:13:17 PM
|
The Hill is now reporting that the Trump admin, and Congress have reached a deal on providing more funds to the Paycheck protection loan -- to the tune of another $320B -- and some additional money to other relief efforts. https://thehill.com/homenews/administration/493910-white-house-congress-reach-deal-to-replenish-small-business-loanThey've made a deal, now they're going to try to pass everything in both chambers by voice vote / UC to get it done fast. For those that don't know, the Paycheck Protection Loan will pay for an employers payroll expenses from Feb 15th to June 30th multiplied by 2.5x and you have to spend 75 percent of the money on payroll expenses (the rest can be spent on rent, mortgage, utilities, and some other operating expenses) |
|
|
|
|
1049
|
Other / Politics & Society / Re: Should we adopt Automata World Government
|
on: April 21, 2020, 06:58:04 PM
|
I don't agree with the ways you've described the states too:
Florida is the retirement state, no lies there. But Florida is NOT a socialist state by any means. They've got no income tax (which includes capital gains, interest so no state tax on income of any sort), low sales tax/excise taxes, and very low unemployment benefits. Just wanted to point that out.
you cant spot if a country/region is communist/capitalist/socialist by the ways people pay in tax.. you spot it more based on what the taxes that are accrued are then spent on also you keep on mentioning how certain people in an area do not sway with the majority.. and thats the point im raising. take the UK. government is conservative leaning(capitalist). yet each county doesnt get any sway to be more labour(socialist) however imagine that each country could lean more towards their preferences people no longer have to move to a whole new country to leave more in their prfenrence. they can move just 50 miles if they end up in a county thats not fit for them. heck devolved government can the sway more down to the town level. where town councils either fund homeless shelters if homeless is an issue. or retirement homes if that is an issue Yet again: The UK government is conservative and righrward leaning for the people of the UK. If you were to take all the same people in the conservative party and bring them over to the US and have them vote here, they'd be considered either left learning moderates or just liberals. There's no universal way of saying how far right / left one position is, it's a matter of relativity based on what you've experienced. Even based on an average of people, it fully depends on where these people are from. |
|
|
|
|
1050
|
Other / Politics & Society / Re: Should we adopt Automata World Government
|
on: April 21, 2020, 09:23:21 AM
|
I mean the problem with making it very simple -- as nothing in this world is this simple. You can't just go out and say that you're a 5 on the scale of criminal rehabilitation because that means different things to different people. I don't think there's a universal stance on what is moderate when it comes to rehabilitation. I'd assume that people on the right would consider rightward leaning things moderate, while people on the left would do the same.
There's no way to automate the governing of people in the way you're thinking about it because at the end of the day most pieces of policy are going to help one group and hurt another group. Who decides what group matters more? Is it just based on the more people that are being hurt or--? How are things like that determined?
What citizens are valued more? Those in the western world or those in a different country? Who decides questions like this?
which is why i gave an example where washington which main employer is political would lean that way. florida is the retirement state so they would sway more socialist. and new york is more business/financial so would sway more capitalist thus laws become more custom to the region rather than blanket government law where everyone has to sway one way its not an idea of setting strict laws based on numbers. but just to gauge the mood/tone of how laws should lean for instance city heavy states would want to be more tough on crime than say laid back country farm states I mean in the example given it was that this was a automated world government. I know the example wasn't very fleshed out -- BUT -- in the event that there is a world government, I assume that local governments still exist? I assume this is a federalism system like in the US today. But even in your scenario -- yes the placed that you've listed on average lean that way. But not all of the people support that, it's just what the states are known for right now due to their current business climate and current political structure. I don't agree with the ways you've described the states too: Florida is the retirement state, no lies there. But Florida is NOT a socialist state by any means. They've got no income tax (which includes capital gains, interest so no state tax on income of any sort), low sales tax/excise taxes, and very low unemployment benefits. Just wanted to point that out. |
|
|
|
|
1051
|
Other / Politics & Society / Re: GLOBAL PANDEMIC - BLESSING IN DISGUISE
|
on: April 21, 2020, 09:12:28 AM
|
|
While this is horrible to say, I think we're going to get a few good things out of this Pandemic. I'll list them out below:
1. We'll be prepared for the next Pandemic - In the event that something like this happens again, we should've already started to put money towards this issue and we shouldn't have such a horrible response to it again. Meaning that we've probably dumped tons of money into proper research, planning, purchases of masks/other medical products, and things along those lines. Either we don't even have an issue with the next Pandemic due to a vaccine being found before it can spread or we just have a better response in the future.
2. Working from home should be easier - Now that a large amount of jobs have setup the infrastructure for working from home, people may have a better time convincing their boss that it is possible and that they'll be able to work from home without issue.
So that's what I think we've got out of this. Sad to see the lives lost and everything from this, it's horrible and I feel for those that are suffering.
|
|
|
|
|
1053
|
Other / Politics & Society / Re: Should we adopt Automata World Government
|
on: April 21, 2020, 08:41:28 AM
|
government is simply representatives that cover a certain group
senators vote MEANT to resemble the whims of the majority of their jurisdiction/district/state
it was impossible before to get a whole state into a building every day to vote on new laws and new funding requirements for different public services.
however technology can easily make it so that citizens can be more involved to vote for things and laws/funding get accepted or rejected by the peoples choice rather than their representatives choice.
imagine it like signing up to a dating app where you guage your personality
capitalist(business support/gain) 1............10
socialist(citizen support/gain) 1............10
communist(political support/gain) 1............10
personal domestic security 1...........10
national offensive security 1...........10
criminal rehabilitation 1...........10
corporal punishment 1...........10
government can then gauge what the populous actually desire most. and tailor laws/funding more towards those desires
knowing that more people prefer to vote for american idol each year than national elections every 4-5 years. shows that the technology is more available to allow more citizen power in regards to what national laws/funding should do
an AI making decisions is only good if the input it gets gives it a valid reasoning to make valid decisions. so before even contemplating AI its better to get more citizen involvement first
EG there is no need to have a national opinion of capitalism. where it could instead have NY as capitalist(business centric), Florida/new orleans as socialist(social security welfare for the retired/poor/sick). libertarian for the mid states
and communist(political/military) for washington
I mean the problem with making it very simple -- as nothing in this world is this simple. You can't just go out and say that you're a 5 on the scale of criminal rehabilitation because that means different things to different people. I don't think there's a universal stance on what is moderate when it comes to rehabilitation. I'd assume that people on the right would consider rightward leaning things moderate, while people on the left would do the same. There's no way to automate the governing of people in the way you're thinking about it because at the end of the day most pieces of policy are going to help one group and hurt another group. Who decides what group matters more? Is it just based on the more people that are being hurt or--? How are things like that determined? What citizens are valued more? Those in the western world or those in a different country? Who decides questions like this? |
|
|
|
|
1054
|
Other / Politics & Society / Re: Silicon Valley is racing to build the next version of the Internet.
|
on: April 21, 2020, 07:49:41 AM
|
|
Honestly was not expecting to get a Washington Post article here, but here we are. Was really expecting to get hit with some ZeroHedge, Google Sites, Blogspot, etc. But anyway - this is actually pretty insane to think about. So pretty much this is just an attempt to build an online world, with a functioning economy, concerts, etc.
A very cool thing to try to do. It opens up a world of possibilities that all of us can think imagine and another realm of possibilities that none of us can even imagine. Just based on the ones we can imagine -- concerts, baseball games, football games, and other sports, all televised live in a world where you're able to witness everything in another world. Just like the virtual concert that Marshmello put on for the people in the Fortnite community.
It's an amazing realm of possibilities that could be uncovered. Crazy, crazy, crazy.
Thanks for the great article, now I'm going to be stuck thinking about what the possibilities will be. +Merit.
|
|
|
|
|
1055
|
Other / Politics & Society / Re: Reuters say Kim Jong has possibly contracted covid 19
|
on: April 21, 2020, 07:11:56 AM
|
I've seen this story pop up and there's been tons of contradictory claims. Chinese intelligence (doesn't matter honestly, I consider this BS) and South Korean intelligence agencies have said that he's not seriously ill. That's not contradicting the claim about him being ill or about him having the coronavirus. They're pretty much just saying that he's not on the bring of death like some are claiming. In the coming days we're going to find out what is true and what isn't. But those doctors in North Korea are probably on the brink of death if he can't be treated. https://www.bbc.com/news/world-asia-52364055 |
|
|
|
|
1056
|
Other / Politics & Society / Re: Spreading the word...
|
on: April 21, 2020, 03:07:39 AM
|
The link you shared shows the price of per kg of unprepared tea. But OP is talking about the prepared cup of tea that are being sold by the stalls on the road side. I'm Indian and we Indians love to stop by roadside and enjoy a cup of tea from our favorite stall (especially during winters). The average price of a cup is ₹10-15 (~ $0.1-0.2) which is roughly equals to the bitcoin network fees. I agree with you on that the most challenging part is transition from cash transaction to blockchain. I have thought to give him some free coins on my next visit (as suggested by above), just to give him some taste of the things he can do with crypto.
As far as the network fee is concern, we can suggest him to accept crypto for his long term costumers as weekly or monthly payment instead of daily or multiple times a day.
I don't think most of the tea vendors do business on credit bases but what you are talking do make some sense. I think most of their regular customers are adjoining shop owners and if you can convince him to accept Bitcoin from them then that would surely be something unexpected and brilliant. Other than that I think '' BTC accepted'' board on his tea stall will look super cool and may be increase his brand value.
That's the only relative thing I see happening from this scenario. Adding BTC Accepted board in front of shop will add to his publicity and many tech freaks would pay him visit just for the sake of spending Bitcoin on the cup of tea.  You're totally right. My bad for calling out the guy before on having the wrong price of tea. My bad +Merit. Tea = INR 10-15
Bitcoin Network Fees = INR 13-14 (plus wait for confirmations)
Not Worthy for Tea Seller.
Not correct on the price of tea, though I still do think that transaction fees are going to be an issue here. https://www.statista.com/statistics/642694/average-retail-price-of-tea-india/Honestly this is probably going to come up as an issue for the seller of the Tea, because even when you're at the lower lower end of btc fees you're still going to be in the realm of .06-15 cents for trancation fees while still moving bitcoin in an average amount of time. Very tough for someone to go from cash, to anothr medium (which is more or less close to cash, as they're just using a digital cash), and then moving to a COMPLETETLY COMPLETETLY FOREIGN BITCOIN. I without a doubt applaud you're pursuit though, I think it's amazing that you're trying to spread bitcoin to people that are going to use it instead of just speculate with it. Do please update us on his response once he watches the videos on Bitcoin, he'll probably be a bit freaked out at first and that's normal -- people start to question if this is legal or if someone can hack it or something like that. +Merit. Thanks for you kind words of appreciation. It is always feels good to be appreciated by established members like you. I also thank you about the fact that you considered my post as worthy of merit points. I agree with you on that the most challenging part is transition from cash transaction to blockchain. I have thought to give him some free coins on my next visit (as suggested by above), just to give him some taste of the things he can do with crypto. As far as the network fee is concern, we can suggest him to accept crypto for his long term costumers as weekly or monthly payment instead of daily or multiple times a day. Other than that I think '' BTC accepted'' board on his tea stall will look super cool and may be increase his brand value.
That's actually a pretty good idea -- having customers prepay for a product and doing it in crypto. Though the only way this would work is if his customers have crypto, use crypto, and want to use it with him. We can setup as many merchants as they want, but if no one is actually using crypto as a medium of exchange then we really haven't done anything. Do keep this updated.  |
|
|
|
|
1057
|
Economy / Service Discussion / Re: Can bitdeer be profitable?
|
on: April 20, 2020, 10:32:27 AM
|
Okay, thank you both, if they do have that clause, then they will let you lose in case a boom happens but you'll eat the losses in case bitcoin dumps...
I mean the two of us (I'm assuming) don't know the actually legal clause that they're using to do this to people, or where exactly it is in the TOS, but it is something that they actively do to the people that buy their services. Think about it from a business standpoint: Why in gods name would a company give you the profits that they could get from just mining with their own machinery? There's no reason other then raising capital. I can tell you right now that BitDeer is going to play dirty tricks with you, and they're going to ensure that THEY'RE the ones that are protected. Buy your own machinery if you can. If you do truly want to use bitdeer though, go ahead and use the btc.com difficulty mining tool to ensure that you have the best shot at a profit. Good luck! |
|
|
|
|
1058
|
Other / Politics & Society / Re: Spreading the word...
|
on: April 20, 2020, 09:27:14 AM
|
Tea = INR 10-15
Bitcoin Network Fees = INR 13-14 (plus wait for confirmations)
Not Worthy for Tea Seller.
Not correct on the price of tea, though I still do think that transaction fees are going to be an issue here. https://www.statista.com/statistics/642694/average-retail-price-of-tea-india/Honestly this is probably going to come up as an issue for the seller of the Tea, because even when you're at the lower lower end of btc fees you're still going to be in the realm of .06-15 cents for trancation fees while still moving bitcoin in an average amount of time. Very tough for someone to go from cash, to anothr medium (which is more or less close to cash, as they're just using a digital cash), and then moving to a COMPLETETLY COMPLETETLY FOREIGN BITCOIN. I without a doubt applaud you're pursuit though, I think it's amazing that you're trying to spread bitcoin to people that are going to use it instead of just speculate with it. Do please update us on his response once he watches the videos on Bitcoin, he'll probably be a bit freaked out at first and that's normal -- people start to question if this is legal or if someone can hack it or something like that. +Merit. |
|
|
|
|
1059
|
Economy / Services / Re: [FULL] ChipMixer Signature Campaign | Sr Member+ | Up to 0.0375 BTC/w
|
on: April 20, 2020, 09:02:09 AM
|
The next will be my fourth or fifth time I applied in ChipMixer, within about one year. There was a round at which some users moved from Fortune Jack to ChipMixer, maybe 3 as I remembered. Then there's the guys in the other campaigns that are waiting for the FJ guys to move up. Heh, what a world we're in. I think I've applied to CM around 5-6 times now and we're nearing two years of applying come this July. P&S is a rough section to be apart of when applying here. Still try every single time that I remember to Hope everyone stays safe and healthy from this unprecedented situation we're in right now. |
|
|
|
|
1060
|
Other / Politics & Society / Re: China revised the number of deaths from Covid-19
|
on: April 20, 2020, 08:59:57 AM
|
this is not china hiding things. every country is initially only counting hospital admissions, these new numbers are those dying at home/retirement villages, etc due to reasons and symptoms and tests that confirm covid related
the UK and the US are in this same boat too.. many other countries too but the most finger pointy ones are analyzinstuff the same way.
the UK this week has only released info that while they had 11k in stats released to the corona reporting sites. they had another ~50% that died at home..
US are only reporting hospital admissions and have yet to release info on the numbers that died outside the hospital due to covid.
there is no conspiracy. there is no china lied and everyone else is honest.
its just the way reporting is done where only hospital admissions can show fast accurate results promptly and verifiably so all countries decided to concentrate on those numbers.
I'd have to agree with this. China coming out and rereleasing information from hospitals isn't evidence of hiding. it's probably the worst evidence you could provide. If you wanted to really talk about an issue here you'd want to talk about how the virus was growing so fast so quickly in China and then out of nowhere infections stopped being reported and it all just fell off a cliff -- which is an obvious sign of manipulation and bullshit. Other countries came out quickly to say that they couldn't verify if Chinas numbers were legit. I know that NY came out earlier this week and had to re-release hospital data saying that now they had an additional 3k deaths reported for x time period. With a chaotic time like this there is bound to be some reporting issues. Though I do still believe that China is lying about their numbers, this just isn't evidence of that. |
|
|
|
|
Show Posts
