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941  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: July 01, 2021, 07:27:33 PM
The fact that we have different information is understandable - everyone (even the most supposedly competent specialists and organizations) change their minds very quickly these days. Even to remember about masks - WHO has changed its opinion several times about whether they are needed or not. As for vaccines, in my country the "vaccine" SputnikV was first presented as a vaccine providing lifelong immunity, then the period was gradually reduced and now it is officially announced that after some time (presumably 6 months) revaccination will be required.

There are two factors in play here. First of all, immunity provided by the vaccine may last somewhere between 12 to 60 months. So you need to get vaccinated after this period. Now it is up to the government to decide whether you need a booster shot after 12 months, or 60 months (or some duration in between). And now the second factor is the emergence of mutated strains. Current bunch of vaccines are showing limited efficacy against these strains. Some of the vaccine manufacturers have already created specific booster shots against the mutated strains. If you want full protection, then you need to take these shots.
942  Other / Politics & Society / Re: India covid19 crisis on: July 01, 2021, 06:52:50 PM
Or, number of covid cases are not announced so widely anymore. Or in Autumn/Winter/Spring, every virus cases was counted as covid. Flu, running nose, cough - does not care, this is all covid. During Summer people simply got sick less. That is why everyone think that number of cases went down. Same was last Summer. Just wait till Autumn and situation will be repeated.

In the northern hemisphere, record high temperatures have been reported from countries such as Canada and USA. British Colombia (a Canadian province that lies to the north of the 49 degree latitude) has reported 121 degrees Fahrenheit yesterday. During the last 5 days, 486 people have died in that province alone, as a result of heat stroke. That said, high temperatures almost completely eradicate the spread of the covid virus. Most of the viruses can't survive in such extreme heat. Also, the virus is present in microscopic droplets that are ejected when an infected person coughs or sneezes. These micro-droplets get evaporated quickly under extreme heat and this lowers the contamination threat.
943  Economy / Speculation / Re: Bitcoin dominance hits 43%, alts surging ahead on: July 01, 2021, 06:39:03 PM
A roller coaster indeed due to market volatility. Bitcoin has been pumping and dumping like crazy since it hits 60K level and rejected multiple times. Once Bitcoin price already determined the trend, I believe dominance will become stable.

Well... for me, the current pump seems to have run out of gas for Bitcoin. Means that the bullish phase we had from 2020 October to 2021 May has ended by now. For the next few months, I expect stable exchange rates of around $30,000-$40,000 per coin, with wild fluctuations. And when the situation is ripe, we will have the second bull run, which will hopefully take Bitcoin to six-digit prices for the first time. And from what I have seen so far, the market dynamics look eerily similar to what happened in 2017 (even the change in Bitcoin dominance looks similar).
944  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: July 01, 2021, 06:28:18 PM
There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination  yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Well.. in the private sector, there is nothing like job security. You always need to worry about the layoffs, especially during such testing times. I am fortunate to be part of a private company that is not impacted by the pandemic. Since I am working from home, my expenses have reduced by around 75% and the savings have swelled. But I know that I am among the small minority which benefited from the pandemic. The vast majority have been pushed in to poverty, as a result of reduced earnings and layoffs.
945  Economy / Economics / Re: After 1 year of Covid 19 Virus on: July 01, 2021, 06:18:09 PM
I also know that, but the problem is that people shout that they don't want to be vaccinated for their own reasons, don't want to comply with health protocols, and say that infected people are also just hospital fabrications.  After all, it is very difficult to achieve herd immunity, even to maintain herd stupidity.  This is rooted in the society of my country.  People who are vaccinated can still get it, that's natural because the vaccines that I know come from viruses that are weakened so that the body forms antibodies.  There are no antibodies yet, they don't maintain health protocols and hang out with stupid friends too.  and become mass stupidity.

You will find Covidiots in most of the countries. One of my colleagues in India was describing about his neighbors back home. The family mocked others for wearing masks and proclaimed that wearing a mask is a sign of cowardness. They roamed around with scant regard to any social distancing protocol. 3 members of the family ended up in the ICU, and out of that one lost his life. And this is not an isolated incident in third world countries. In every nook and corner you will hear about such stories. And the sad part is that, because of these irresponsible people, sometimes others get the infection.
946  Bitcoin / Bitcoin Discussion / Re: China's game plan on: July 01, 2021, 11:09:20 AM
1. China is known for big announcements that bring the price down. We don't know if and how much hash rate was taken down in order to be relocated and how much hash rate was just temporarily stopped in order to support the FUD/pump and dump game. And yes, I tend to believe that China together with N Korea may play pump and dump games with Bitcoin.

2. Bitcoin leaving China may be somewhat beneficial for their game. They are already beta-testing e-CNY. They gave out for free quite some nice amounts of their coin in order to have it spent and tested out. Bitcoin may be seen as an unwanted competitor for this project. And yeah, you may have to read how many things a govt can do with their own centralized e-coin, from surveillance to (automatic) seizing the funds of undesirables.

These two are very important points. Previously, China used to tolerate Bitcoin to a certain degree. But now with the listing of digital Yuan (e-CNY), that tolerance has vanished. It is clear that their CBDC is inferior to Bitcoin, and therefore the Chinese government did what it does when one of their products can't compete with the international competitors. Personally, I believe that this will be beneficial for Bitcoin. There will be a temporary setback, but China accounting for 80% of the Bitcoin hash rate is like a ticking time bomb.
947  Economy / Economics / Re: Is it good to allow Black Money to be whiten by investing in Stock? on: July 01, 2021, 10:47:30 AM
I don't think it's healthy to allow too much black money into the stock market. There will always be some black money in the market,completely eliminating is not an option. I would say that 10-15% is a healthier ratio than 25%. This might take a few years to get validated. Corruption is the most unproductive thing that can happen in a country. With a high level of corruption foreign investors will be reluctant to invest.

25% is the penalty for converting this black money in to white, and I don't think that it is excessive. In other countries, the penalty can be much higher. Here, the individual is avoiding jail term and a heavy financial penalty for tax evasion. So I would say that 25% penalty is going too lenient on those who break the law. But I guess that the government is in desperate need of funds and the stock market also needs a fresh injection of cash. So in a sense, I don't want to oppose this measure. If they don't allow the amnesty, then in all probability these funds will flow out of the country to some offshore tax haven.
948  Bitcoin / Bitcoin Discussion / Re: George Soros is now officially trading bitcoin. Good or bad? on: July 01, 2021, 10:20:54 AM
As far as I know, George Soros is opposed to the very idea of cryptocurrency and I don't expect a change in position from him anytime soon. Now coming to Soros Fund Management, I think that other players may also be involved in making the decisions. Also, we need to check whether their involvement with cryptocurrency is direct, or through intermediaries. I am being so skeptical, because the posters here have a habit of using fake news as clickbait. I normally don't believe these posts, unless I could confirm them from Forbes or Bloomberg.
949  Economy / Economics / Re: Antivirus Pioneer John McAfee Commits Suicide on: July 01, 2021, 10:08:57 AM
Since I have seen the controversial documentary film - Gringo: The Dangerous Life of John McAfee and all the things he did in Belize.. I expected something bad to happen to him in the future. The guy lived a very full life and he had little boundaries when it came to illegal actions.

It is unfortunate for a person to fly that high and then to crash like this... but "Money" got the better of him and not paying taxes to get more money... was the absolute worst decision he could have ever made.  Roll Eyes

I don't really care whether he paid his taxes on time, or not. My issue is that he made losses amounting to hundreds of millions of USD to cryptocurrency users by promoting scam projects. And the worst part was that he mocked the victims and made fun of them saying that they shouldn't have trusted him in the first place. Back in Brazil, he was accused of murdering his neighbor. I think that he got blinded with all the power and money that he got and became arrogant. But then, he forgot that there is something called Karma.
950  Economy / Economics / Re: Real Inflation only happens when Central Banks print High Denominated Notes? on: July 01, 2021, 09:56:11 AM
Nope you are describing a hyperinflation, inflation happens all the time, a normal and stable inflation rate is a sign of growth in the economy of a country plus it's not as bad as you think it is, if it is stable and a controlled inflation that is, because it's one of the many reasons for salary hikes and increase in your investment values because they keep up with inflation. Inflation isn't as bad as many think it is.

IMO, a low rate of inflation is neither bad, nor good. It doesn't mean that salary increases only occur when inflation is there. In high-inflation countries, salary increases have no value, because the purchasing power goes down even with higher salary. Also, if the argument is true, then there should not be any salary increase in countries with almost zero inflation, such as Japan and Switzerland. Ideally I would prefer 0% inflation, so that the value of our savings remain intact. But anything less than 5% is OK under current circumstances.
951  Economy / Economics / Re: Can the world be without poverty on: June 30, 2021, 06:33:49 PM
Education is greatly supported by the governments of countries, even it is highly encouraged in developed countries, some countries have waived quite a lot of school fees for children and poor people but in such a special condition, the poor system has not collapsed, many generations are unable to master and develop their educational knowledge. Education is also just an opportunity and a way to reduce the poverty rate, basically, the process of poverty still tends to be closely linked and cannot be removed from society.

In the developed world, the children (after a particular age) are supposed to help their parents in work. So they may not get enough time to concentrate on their studies. Also, the government run schools may not have enough resources when compared to the private schools. But all that said, if the student has the urge to succeed, then nothing can stop him. There is no guarantee that if you have a good educational background, then you will be super-rich. But at least you can be assured that you will not be in poverty.
952  Economy / Economics / Re: After 1 year of Covid 19 Virus on: June 30, 2021, 06:21:22 PM
The different perspective of people in advance country and developing country is too huge. Education becomes the main factor of people's mindset. In my country, they shouted that in aboard they don't lockdown and can watch the Europe Lague and they compared with the local condition that will implement 100% WFH in some cities which have a highest infected case. In fact, in aboard the total of vaccinated people have reached over 20% of the total population then so different with my country that has reached just 2% of the total population. The government gets hard to handle the pandemic just because of the stupidity and less literation.

Herd immunity needs complete vaccination (two doses) for at least 75% of the population. These figures (2% or 20%) are woefully short of that. Eventually the pandemic will be contained. But we need to be cautious until then. Even if you have two doses of the most efficient vaccine, that doesn't mean that you are safe. You are in danger as long as there are unvaccinated people around you. And don't forget the fact that more lethal strains are being reported nowadays. This is definitely not the time to attend sports events and celebrations.   
953  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 30, 2021, 05:36:45 PM
When PIG 3 play with each other then its all about printing money that's why they always play 4-5 test match series.

I don't have an issue when the Pig3 organize 5-match series. There is a sizable following for test cricket in these countries and the revenues are not that bad. But that is not the case when Sri Lanka plays against Bangladesh or West Indies plays against South Africa. The fan following will be very low, and the revenues will be negligible. This is why I favor splitting the test teams to two real divisions (not like the 9 team first tier and 3 team second tier that we have now). Each of the divisions should consist of 6 teams each.
954  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: June 30, 2021, 05:29:58 PM
No need to criticize them, unka perspective bhi samjha karo thoda. Rule follow na karna hum sub-continent walo ka janam sidh adhikar hai, rule follow karenge toh nawabi chali jayegi apan logo ki. There is a saying in North India " G**nd pathe toh pathe par nawabi na kathe"  Grin

LOL.. can't put it any better than this.

@Vishnu.Reang the only reason I see Srilanka game is to wager against them, because they’re very predictable and when you bet against them you’re almost guaranteed a victory.

Furthermore I too doubt that they'll show any improvement in the remaining two games, hence my advice to all would be is wager on England and make some quick bucks.

After such a pathetic performance by Sri Lanka, I don't think that any of the sportsbooks will give higher odds for England. And then it gets riskier. If England is at 1.1 or 1.15, it makes little sense to make a bet in their favor. ODI may not be as unpredictable as T20, but upsets do happen every now and then. Here the potential returns are not very good, and the risk is very sizable.
955  Bitcoin / Bitcoin Discussion / Re: John McAfee is dead, are his coins lost? on: June 30, 2021, 05:14:57 PM
That is great and if this is the case, those types of wallets with that option should be every investor's go-to wallet because of the inevitable. While most people have been having issues whether such wallet access information should be shared with loved ones, with this option that wouldn't be a problem knowing crypto assets won't be lost.   

There is nothing like a risk-free option. For example, let's take an example. You opt for this option, and set your cousin's wallet address as the receiver if your wallet becomes inactive for more than 6 months. And after sometime, you simply forget that you have to login to this wallet. In such case, your funds will be automatically moved to your cousin's wallet address. Or let's take another example. You met with an accident and slips in to a coma for 6-7 months. In this case also, your coins will be transferred out of your wallet.
956  Bitcoin / Bitcoin Discussion / Re: John McAfee is dead, are his coins lost? on: June 30, 2021, 12:22:08 PM
I believe issues like this have been discussed in this thread before and it is no different with the Late John McAfee RIP. I believe he must have shared the necessary information with his wife at least or a trusted family/friend should in case something bad happens and I saw him as a smart person that will not allow that to happen and I hope he was able to do share that with is loved on cos if not, it is just another lost asset of cryptocurrencies. 

It is not necessary that he need to provide the private keys to his spouse or some relative. Those who are having a few years of experience might have heard about "dead man's switch". Some of the wallets have this option. If the wallet is not logged in for a specific period set by the owner (6 months, 12 months or even 24 months), then after this duration the coins will be transferred to a "nominee wallet" which has been previously selected by the owner. So the spouse or the relative doesn't need any new information to access these coins. After a certain duration, they will receive the coins in their wallet.
957  Bitcoin / Bitcoin Discussion / Re: Will other countries adopt Bitcoin as legal tender after El Salvador's recent mo on: June 30, 2021, 12:12:59 PM
Looks difficult for other countries to adopt crypto the way El-Salvador adopted cryptocurrency. This country has a population of only 6 million so it is quite easy for its President to carry out such reforms. But for bigger countries, it might not be as easy as El-Salvador. But some smaller countries like Malta, Curacao or Vanuatu etc may consider the same, but bigger countries will have to go through a lot of changes for the to aopt cryptos. Remember, legalizing and adoption are not the same thing!

I don't think that population plays any role here. El Salvador was able to give the status of legal tender to Bitcoin, because it doesn't have a national currency. For the last two decades, they are using USD as the national currency. That is not the case with the countries you have listed out (such as Malta, Curacao or Vanuatu). If they make Bitcoin the legal tender, then Bitcoin will be competing against the national currencies. And for the government, this is not going to be a very viable situation. It will ultimately result in the devaluation of the national currency.
958  Economy / Gambling discussion / Re: ⚽UEFA EURO 2020 Discussion Thread | Current Phase: Finals in June 2021! on: June 30, 2021, 11:50:24 AM
After the game with Germany, even though I don't like England and the way they play, I think now it's one of the favorite teams for winning the cup. Their path towards the final in Wembley is now anything but difficult while on the other side of the table Italy and Spain will have to fight hard to reach the final.
The home advantage could play a crucial role at this point.

I am a big fan of Italy, so it is natural for me to support them. They have performed well till now,with a relatively young squad. But as you mentioned, the path forward is not very easy. Their next match is going to be against the no.1 ranked side as per the FIFA rankings. On the other hand, the Brits are really lucky to have the weakest team in QF as their opponents. Spain will be playing against Switzerland, but let's remember that the latter managed to defeat the tournament favorites France. So for Spain also, it is going to be quite tough.
959  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: June 30, 2021, 11:37:22 AM
Vaccines can have many side effects, so many people in the United States refuse to take the vaccine. Once they are sure the vaccine is completely free of side effects they will take the vaccine, I think this is the right decision. But we should all follow the hygiene rules. This is because it can be contagious at any time if you do not wear a mask and do not follow the hygienic rules. So follow the hygiene rules and be aware.

This is not a valid excuse, IMO. The vaccination program in the US has completed almost 7 months till now. If the vaccines had so many side effects, then it would be known by now. Serious adverse effects from the vaccine is being reported at a rate of 2-3 per million doses in that country. So I don't think that people should worry about the side effects. In the developing world, there is a serious shortage of vaccines and the governments are pleading for more vaccine supplies. And in the US, they are just refusing to get vaccinated despite the available supplies.
960  Economy / Economics / Re: Antivirus Pioneer John McAfee Commits Suicide on: June 29, 2021, 07:51:00 PM
He deserves to go into jail but dying is another thing but since this is a self choice since this is a suicide then its an another story.People shouldnt commit this thing but due to some people do really failed when it comes to emotion handling then several people do really end up on this thing which is sad.Its just right that he should pay into those crimes that he had done in the past but its sad on how he do end up which is a sad thing.
I was shocked about this news on hearing it up but well whats done is done. Rest in peace.

Who should be blamed here? If you go against the authorities, then in all probability it will end in tragedy for you. Someone like John McAfee should have known this. The problem here is that he was not ready to admit his defeat. He openly challenged the American legal system for all those years, and when the system finally caught up with him, he couldn't acknowledge it. He had a lot of financial and human resources at his hand, and had a good chance of defending himself in the US. But then he decided to escape by taking the suicide route, rather than putting up a good fight.
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