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1041  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: June 21, 2021, 07:37:33 AM
Our employees are offered all the safety measures at the office, but they prefer moderate and calm work from home, over the work from office. They had sales plans, to make, they did not do them completely, they were warned about it, yet still they prefer to work from home, because "they thought that still few customers will visit the office". Btw, their salary depends from number of sales. They prefer to earn less, but work from home, over working from the office and earn more. Strange people.

My cousin works in IT. He works from home, but desires to get back to office. Because while working from he doesnt have standardized working day. His work does not end at 18:00. And he does earn hourly, but in county we have fixed monthly salaries.

It is never 100% safe, no matter whatever safety measures are being put in place. Even those who have received two doses of the vaccines are not 100% safe from the virus, especially with so many new strains emerging. And regarding the argument that employees prefer to earn less, while working from home, it is perfectly understandable. After all, you can earn only if you are alive. And the argument from the part of employees is true as well. Economy hasn't yet recovered completely. So even if you go to the office, there will be less number of sales.
1042  Economy / Speculation / Re: Will China's crackdown on Bitcoin cause Bitcoin to become worthless? on: June 21, 2021, 07:22:05 AM
You are a newbie so it is understandable that you do not know but FUD coming from China is nothing new, in fact there was a time in which the influence of China was huge and only a comment was needed to crash the price of bitcoin, however the more they do this and the more they lose control of mining and the miners move to other countries then the less power and influence they will have over this market so I am not worried about this at all.

China still retains a lot of influence, but now most of the traders have taken steps to lessen the impact of any hostile government action. Many have moved their trades to exchanges in Hong Kong and South Korea, and in rare cases the traders themselves have moved out of China. And regarding the mining sector, it is true that China still contributes to around 70% of the hash power. But over the years, the percentage has come down and in the future we can expect it to go further down, and may hit the 50% level.
1043  Economy / Economics / Re: Aren't we the reason why BTC is becoming too much centralized? on: June 21, 2021, 06:49:49 AM
Bitcoin is more decentralized when compared to any other cryptocurrency and there is nothing to worry about the centralization right now. A lot of the critics point to the fact that major mining pools such as F2pool, Antpool and ViaBTC control a large share of the mining hash rate. But what they ignore is the fact that not a single individual mining farm accounts to more than 3% of the total hash rate. And the miners can leave or join the mining pools as per their preference. So the stats for major pools are not very significant.
1044  Economy / Economics / Re: Are you making money online? on: June 21, 2021, 06:38:45 AM
I am someone who have been doing freelancing to supplement my main income for the last 15 years. I have to say that when I started, things were much easier. You could easily earn $20 or $25 from doing small tasks such as forum posting or data entry. But by 2010 or so, things started to get harder. There was a huge influx of users from developing nations such as India and Bangladesh, who would be ready to work for 1/5th or even 1/10th of the regular rates. They could not match the quality, but with such cheap rates they made it really hard for everyone else. And even now, the situation hasn't changed much.
1045  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 21, 2021, 06:18:18 AM
Changing condition is really challenging. There is more chance of match ending in a draw. After the day 3 game New Zealand is quite strong with their performance. Let's see how the day 4 goes. What happens today seems to make the conclusion of the match. Everyone will be expecting an win out of the match by one of the team.

Three days remain in this match, so there is a good chance that we'll get a result (even if there is some disruption from rain). On the other hand, if the match ends in a draw, then it will be a blow for the ICC in their attempt to make the test format more appealing. Who in their right mind would spend 6 days from their precious time to watch a cricket match, which ends with no result? I am not impressed by this entire WTC setup. First of all, the ICC needs to divide the test championship to two divisions.
1046  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 21, 2021, 06:07:58 AM
Today we will get to know who will qualify from Group C. Netherlands has already qualified, as they have two wins (six points) from two matches. The winner of the match between Austria and Ukraine will finish at the second position (they have 3 points each and the goal difference is also same). North Macedonia for all purposes is out of the tournament, even in the unlikely scenario of them beating Netherlands today. It is unfortunate, as a lot was expected from them after their shock win over Germany in April.
1047  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 20, 2021, 05:56:53 PM
It's all over in Group A. Italy finishes on top with 9 points, with Wales at no.2 (thanks to better goal difference). Although Switzerland is at no.3, in all probability they will advance to the knockout phase since they have 4 points. Wales did really well, I have to say. Because they didn't conceded another goal despite being reduced to 10 players. They were on full defensive mode after Ethan Ampadu received the red card in 55th minute. But surprisingly despite the numeric advantage Italy could not score another goal in the second half.
1048  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 20, 2021, 05:27:20 PM
I think India's top order batsmen did not play well so India lost all their wickets by so few runs. Although they relied on Kohli and Rahane. But they also failed to build resistance in front of New Zealand's bowling.

New Zealand scored 101 runs losing only 1 wicket. Conway is unbeaten on 54. My guess is that New Zealand will be able to collect more than 380 runs.

Devon Conway got out almost at the time you made the post. New Zealand was well on front foot, but the wicket of one of their best batsmen pulled back some momentum for the Indians. And it was Ishant who took the wicket of Conway. Before the playing XI was announced, there was a lot of debate about replacing Ishant with Siraj. But I was against that idea, because Ishant is one of the most experienced pacers in the Indian lineup and I thought that he will be more effective under the English conditions.
1049  Economy / Speculation / Re: Bitcoin dominance hits 57.7%, alts lagging behind on: June 20, 2021, 02:07:09 PM
Latest stats from 20th June 2021.

Total market cap: $1,418,123,981,693 (-6.24%)

Bitcoin: $638,556,542,054 (45.028%)
Bitcoin forks: $13,941,983,550 (0.983%)
Stablecoins: $106,480,436,762 (7.509%)
Altcoins: $652,624,778,778 (46.020%)
WBTC: $6,520,240,549 (0.460%)

This is the change compared to my last post:

Bitcoin: +0.580%
Bitcoin forks: -0.018%
Stablecoins: +0.494%
Altcoins: -1.067%
WBTC: +0.011%


Latest stats from 13th June 2021.

Total market cap: $1,512,460,203,738 (-8.13%)

Bitcoin: $672,261,334,639 (44.448%)
Bitcoin forks: $15,144,231,844 (1.001%)
Stablecoins: $106,088,987,188 (7.014%)
Altcoins: $712,183,635,015 (47.088%)
WBTC: $6,782,015,052 (0.448%)

This is the change compared to my last post:

Bitcoin: +3.280%
Bitcoin forks: -0.043%
Stablecoins: +0.644%
Altcoins: -3.916%
WBTC: +0.035%
1050  Bitcoin / Bitcoin Discussion / Re: El Salvador to revoke Bitcoin as legal tender? on: June 20, 2021, 01:52:06 PM
does it include a failed test process, because the price of Bitcoin has entered the bearish zone? I'm afraid this puts El Salvador in a dilemma and is not ready to accept full payment with the consequences of Bitcoin?

to the OP where can I get news about the Salvadoran government's statement regarding the repeal of the policy?
give us proof  !!!

El Salvador is a sovereign country and it doesn't need the permission from World Bank, or IMF or for that matter any other internatioal agency to make Bitcoin legal tender in that country. You can go through this article from CoinDesk, which details the situation:

https://www.coindesk.com/el-salvador-bitcoin-mandate-article-7

This is the only contentious section of the recently passed legislation:

Quote
Article 7. Every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service.

A compromise can be reached here, IMO. Bitcoin can be kept as a legal tender. But the government should not enforce the Article 7. Because many of the smaller stores may not have the capability to accept Bitcoin for payments and to store the coins.
1051  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Meme Coin Will Survive Long on: June 20, 2021, 01:41:10 PM
In my opinion, no meme coin has survived in the long term other than DOGE. Many meme coins are thrown away and forgotten. However, it is up to the development team to advance their coins and those who are already listed on some reputable exchanges.

In the long run, even Dogecoin is not going to survive, unless it adapts. And so far I haven't seen any such attempt from the developers. The promoters and a handful of whales own a large majority of the circulating supply and they are looking for an opportunity to dump those coins. Those who purchased DOGE close to the peak level will be stuck with these worthless coins in the end. And regarding the other memecoins, I haven't come across any coin which I believe is going to survive for more than a few months.
1052  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You Want Tesla To Accept Doge? on: June 20, 2021, 01:31:09 PM
Personally, I would like if Tesla to accept DOGE as a means of payment. But that doesn't seem to be the case because Elon Musk doesn't really want to implement it. Elon Musk is just playing his game where he only thinks about his own profit.

Elon is not that much of an idiot. He knows very well that if he forces Tesla to accept Doge, and in the end Doge dives by 80% or 90%, then he will be held responsible for those losses. With Bitcoin the chances of such a loss is very minimal (although by no means it is not a volatile asset). Actually I want Tesla to accept Dogecoin. Let these fuckers suffer from some crippling losses. That will be some sort of justice done to all those cryptocurrency traders, who lost huge amounts of money when Elon Musk crashed the Bitcoin prices.
1053  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 20, 2021, 01:22:05 PM
Historically, the Indian batsmen (apart from Virat Kohli) had issues against bowlers with a lot of pace and bounce. In this test also that was the case with Kyle Jamieson breaking the backbone of Indian batting. And at the same time, the Indians have performed better against medium pacers and it was not surprising to see de Grandhomme going wicketless after conceding so many runs. I would have still preferred New Zealand to include either Mitchell Santner or Ajaz Patel in the place of de Grandhomme.
1054  Economy / Economics / Re: Crypto is our last hope for financial independence - John McAfee on: June 20, 2021, 01:13:16 PM
I don't sympathize John McAfee at all. But I agree with this statement. Cryptocurrencies are really our biggest hope to have our own independence in terms of money. If we lose them somehow, it'd be really devastating for all the community.

As already explained by other users, it is not his statement. It is the vision from Satoshi Nakamoto, which he explained in the Bitcoin white paper which was first published in 2008. John McAfee is doing what he does the best - plagiarizing others and taking credit for other people's work. Bitcoin may be our hope for financial independence. But at this point, let's not forget the fact that McAfee is one of the individuals who made it a lot more difficult for us to achieve that financial independence, with his numerous scams and ponzi schemes.
1055  Economy / Economics / Re: Can the world be without poverty on: June 20, 2021, 01:01:02 PM
rich and poor has become a natural law because the world must be balanced.  In my opinion, people who are poor in wealth do not matter, the most important thing is that all their needs can be met.  and it is the role of the rich who helps the welfare of the poor.  so all there must be intimacy and mutual understanding and mutual help.  You don't have to be all rich and you don't have to be all poor

It is a very important point. The important thing is that the essential needs can be taken care of. For example, someone who is considered as "poor" in a developed nation such as Norway or Germany will be in a much better position considered to someone else who is classified as "upper middle class" in a country such as India or Nigeria. So what does this mean? IMO, the priority must be given to the overall development of the country. The focus just on the poor will drag down the economic growth and it will hamper the eradication of poverty in the long run.
1056  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is best Altcoin to buy now on: June 20, 2021, 12:51:12 PM
Most memecoins have no practical use whatsoever. They are only used for trading and for speculation due to their high volatility.

Stay away from meme-coins like plague. From what I have seen during the last 9 years, I would say that hype alone can't keep a cryptocurrency afloat. Despite the increase in market cap and exchange rates, Dogecoin has seen no significant improvement in acceptability. Even now there are very few online stores which accept Doge as a mode of payment. The transaction fee is low. But Doge is not considered as a secure payment method. And it can't really compete with coins such as LTC or BCH in the small payments market.
1057  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 20, 2021, 12:41:09 PM
Need to choose between the two matches today, because both are scheduled at the same time. This why I don't like the recent change in rules by the FIFA. Nowadays which team is going to help any other team by conceding a greater number of goals? For us, it is a great loss because both the matches occur at the same time and we will miss out on one of the matches. For today, I guess I will go for the Italy vs Wales match. Even if Wales lose the match by a small margin and Switzerland win their match against Turkey, Wales will end up at no.2 position (because they have a better goal difference).
1058  Economy / Economics / Re: USD Inflation over the last century. Bitcoin can protect you even in the US. on: June 20, 2021, 12:21:08 PM
Then allow me to comment that you better take another round of lessons around bitcoin  Wink I mean no offence but you can't deny the fact that since bitcoin inception there hasn't been any better protection against inflation. Being deflationary by default and being compared to the biggest fraud on earth (the USD) there's nothing else to say.

I have to agree when you claim that the United States Dollar is the biggest financial fraud ever committed. The American government made the other countries to use it, by making the USD reserve and trade currency of the world. And since they are the sole issuer, now they are taking advantage of it by printing unlimited amounts of banknotes and increasing the federal debt to unsustainable levels. They don't really care whether the USD undergoes inflation. Because since it is the global trade currency, the impact of inflation will fall on everyone in the planet.
1059  Economy / Economics / Re: Not just money but oil is most important in the World on: June 20, 2021, 12:11:03 PM
They believe that whoever controls oil, controls the world that why they are very much crazy about oil. There are some quite facts about it due to the fact that oil is the one who moves everything on earth but with recent innovations on energy consumptions, countries are trying to lessen their carbon footprints and the rise of solar energy is inevitable.

Can't disagree with this statement. During the last 3-4 decades, most of the major military confrontations have occurred in regions that are rich in oil resources. And ironically, apart from a few exceptions (such as the GCC nations, Brunei, Norway.etc), most of the oil producing countries have remained in abject poverty (Nigeria, Venezuela, Libya, Angola, Russia.etc). In many cases, the petroleum resources have attracted unwanted external intervention and this has fueled civil wars within the country.
1060  Economy / Economics / Re: Twitter ban, koo opens up. How will this play in Nigeriann business environment on: June 20, 2021, 12:01:13 PM
Things are not looking good for Twitter even in India (where the authorities are said to be weak, when compared to those in Nigeria). The parliamentary panel asked the Twitter MD to appear in person, and rejected his request for a virtual screening. Also the government has made it clear that Twitter will no longer be considered as an intermediary and will be liable for the tweets of its users. As usual some of the left-wing judges of the supreme court such as Nariman or Chandrachood may come to Twitter's rescue, but it will be hard even for them to do it every time.
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