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4021  Economy / Economics / Re: COVID19 VACCINE AND ECONOMIC GROWTH? on: August 15, 2020, 09:01:16 PM
The reason why there is still no released report of the mass production and massive distribution of the vaccine made by Russia is because they are avoiding that the vaccine might have an after effect that can be bad to humans which is delaying the release of the vaccine even though Russia have already claimed months or weeks ago that they have already made the potential cure for the virus. Russian scientists are making sure of the effect that aside of killing the virus is of course it is safe for the human subject that is why they are still undergoing the last phase to prove its effectivity and not to create worst scenario.

Now, if the trial of this vaccine will come to your place and ask you to get injected by the vaccine for free would you do it? or not?

If the clinical trial have been done and there is no side effect that is bad to human, then why not? We are all wanting to have the vaccine to end this pandemic once and for all. But the vaccine that I wanted for me to get injected is the one that have already passed all the tests and have proven to be a cure with no negative side effects on human and not just the trial vaccine.

If it could be proven effective what do you think about the economy of all country which will going to lead now in the economic growth?

We are all just waiting for the creation of the vaccine that will end this pandemic so basically once the vaccine made was proven to be safe and be the cure to this virus, surely all countries can now get back into normal lives and can restart their economy which can lead to progressive actions and economic growth to be fixed because of the devastating effect of the covid-19 pandemic.
4022  Economy / Economics / Re: You want to become a millionaire,here is the secret formula on: August 14, 2020, 11:27:39 PM
Such idea and formula is really very easy to say and be formulated but very difficult to be executed in reality. You know why? It is because the price varies depending on the capital you have spent, the product you were selling which will vary depending on the features it have, the purpose of the product and why such thing deserve such price. It is not just putting price tags on the product and state that it is worth such amount depending on the quantity you do have.

Pricing a product is not really easy for you are also thinking the consumers capability to buy your product at that amount and if it is really worth the price. Remember, in a market there are lots of competitions involved because merchants are might be selling same product but varies when it comes to pricing. Surely people will get more attracted to buy product that is less expensive but have the same features and quality involve. Making a million is not a real easy by just formulating an ideal price range depending on the quantity you have. There are also other things you must consider on doing the price.
4023  Economy / Economics / Re: Universal Basic Income: Ideas on how to make it work? on: August 14, 2020, 10:57:13 PM
It is really a great challenge for the Universal Basic Income (UBI) to be implemented due to various reasons that involves of course (1) the limited resources of the government when it comes to financial capability to support its people specially at times like this the almost all countries that are directly affected by the pandemic is experiencing an economic declination making them very limited to have a source for financial resource that will cover the needs of its people. (2) How the people are being recognized to be capable of acquiring and to belong on the said program of the government because we do have 3 social classes and excluding the upper class which I am pretty sure they won't barge to argue anymore not being included in the said program, still it would be hard to classify the two social classes because many people do not have record on local government units about their salary record to classify them as lower class or middle class.

In our country, financial assistance have made by filling out forms which excludes those rich people from filling out the forms and that is where our local government units filtered out those that are in need to have financial support and then passed it to the national government. But even if such have already been solved through that way, still that financial assistance have lasts only for two months due to limited financial resources and speculation of corruption on the national funds intended to support the needy. Such program of wealth distribution or UBI is a great idea but the execution or implementation is the hardest part of it that national government must think of their own way but still the main limiting factor is really the financial capability of the nation.
4024  Economy / Economics / Re: Some chinese guy bought most expensive face mask in the world $1.5 million. on: August 14, 2020, 10:27:09 PM
I have already read some article and watched some news about the most expensive mask in the world that is made out of precious stones making it a lot very expensive compare to the masks that are commercially being sold for medical use amid with the existence of the covid-19 pandemic. Well, as for me it serves no use because of being too much expensive, it is catchy to the eyes of the thieves out there because of the price value it do have due to the precious stones embedded in the mask. It serves no use if your aim is to use it outdoors to keep yourself safe from the virus.

But on the other side, maybe there is a purpose why that Chinese guy have bought such expensive mask and that is maybe to make it for cause program and what he have spent might be used by the ones who have made the mask for a greater purpose of helping other people that is affected by the pandemic. But if the real aim is just to expose his wealth and to serve no purpose for doing such, what I can say is that it is a not so wise spending because money is a great need at times like this and unnecessary expenditure of money into precious things just to satisfy your wants it very not essential. But in the end, it is his own money so he have a say on how he will make use of it. It is just that he must have spend it for some greater purpose.
4025  Economy / Economics / Re: Will African countries be developed? on: August 14, 2020, 09:56:15 PM
The thing that I can think can make change of Africa's situation is (1) having a great leader that would lead them to success because as we all know that most African people are uneducated due to social status and lack of financial to support education, having a great leader that is not corrupt and committed to serve his people would change the people perceive that they are a poor individual that compose a poor country.

(2) Having a good educational system that will embody all African people towards learning because they already have all the resources (natural) they need what they are just lacking is the knowledge on how to enrich those and how they can make use of it to lift up their economic status to be able to get along with the other continents of the world.

(3) Having a great leader of course in need of good cabinet which will composed a good government that will lead its people. A country lacking good governance will not progress because diverse mentality of people might just ruin the country since no one is making them unite. If the country have been united by great leaders, leading them into good programs, education and other essential stuffs that are in need to help the people, surely the country will progress towards a successful run.

In short, everything in Africa must change to be able for them to stand up since they are not really a poor country with regards to resources that a country need to move up getting to success. They just need to better know how to make use of it by making them educated and leading them into the way.
4026  Economy / Economics / Re: the billion dollars question on: August 11, 2020, 04:38:19 PM
Man, IT is not dead LOL, it's literally booming right now cause a lot of businesses are converting online and a also a lot of business are making their online exposure to be good, which means they are constantly upgrading. And online shopping is going big this year, Personally I make a net profit of 1k$ for operating a E-commerce website last month, it's just a test run for 13days and gave me that huge amount of profit, I am planning to make a full launch this month but yeah, you got the point, online stuffs and businesses link online is literally booming this year.
4027  Economy / Gambling discussion / Re: GAMBLING SITE INVESTMENT on: August 11, 2020, 01:30:28 PM
This update is so good haha, As @snipie said there's a whale who lost and gives us a good profit, I am now at 13.1180% profit in BTC! I hope this continue well for us  Grin
What are your thoughts on this update?  Grin
Nice profit Wink
It seems there is a drop in our earnings a little bit compared to yesterday ~ - 23k satoshi which is 1/5 of my profit, although there isn't signs that he is playing to recover his losses like the time before.
We will see  Wink

I am at 13.3% right now and I hope that he continue to loss in the future LOL, I think he is the same whale that is giving us much profit these past few weeks, BTC chart at yolodice is keeps going up because of that whale and he win a huge amount we might be the LTC chart back in 2019 december LOL. But yeah, let's still see if he is going to stop now  Grin
4028  Economy / Gambling discussion / Re: GAMBLING SITE INVESTMENT on: August 11, 2020, 09:22:34 AM
UPDATE NO: 15!!!

This is the update for Yolodice:        

This is my total profit for:    

BTC: 0.00655249   
USD: 336.37
PHP: 15990.42   



Here's the spreadsheet:





This update is so good haha, As @snipie said there's a whale who lost and gives us a good profit, I am now at 13.1180% profit in BTC! I hope this continue well for us  Grin
What are your thoughts on this update?  Grin
4029  Economy / Economics / Re: Virgin Atlantic Goes Bankrupt, Bailouts? on: August 11, 2020, 05:49:53 AM
Aviations companies are one among the many businesses that are directly affected by the effect of the Coronavirus pandemic to the world. Since there are already several travel bans to those countries that have huge amount of infected cases, many flights are temporarily being cancelled and postponed to keep people safe away from getting infected by the infectious and deadly virus that is up to now still do not have any cure.

Aviation companies are all facing the phase of bankruptcy due to the decreasing demand of people travelling because of the travel ban and implementing health protocols. Providing a bailout on a certain company just to save them from possible bankruptcy would sound unfair for the other existing aviation companies for they are also struggling and making everything to exit this situation. Providing a bailout at the middle of pandemic would mean no sense for they cannot still get back into operation so how come they would need such financial assistance that might be used else where. Also, US government is still facing a financial problem on how they would execute the paying of the stimulus to the people that are also affected by the pandemic which is a lot more important rather than giving a bailout approval just to save an aviation company that is still unidentifiable on when can go back into operation while pandemic is still on and still no vaccine have been proven to end this crisis.
4030  Economy / Economics / Re: Anyone here Studying Econ ? on: August 10, 2020, 11:42:44 PM


If the teacher called on you to make a Crypto presentation to the class, would you do it?


Or have you even done a crypto based school project or paper?

Yes of course it would be a pleasure to me to share my knowledge and experience about cryptocurrencies and present it in front of the class. Also, I would be glad that there would be a teacher that is interested or curious to know about cryptocurrency because rarely people do recognize crypto so such opportunity to explain it in front as a presentation would be a pleasure to me to do such thing.

Actually I have already done such on one of our subjects when our professors have an inquiry about the here abouts cryptocurrencies and I am glad to answer all of his inquiries because it have enlighten him as well as my classmates all things that they must know about cryptocurrencies involving certain issues and misconceptions that are being thrown against crypto. By that, I have let them know the basics and clarified things out.
4031  Economy / Economics / Re: Bank's loss crypto's gain? on: August 10, 2020, 11:03:08 PM
The way banks are getting bankrupt is not a new scenario for there are really instances that banks get into bankruptcy because of mismanagement of the cash flow on which more have been given out and no money is coming in most specially at times like this pandemic that people tend to handle more their money on hands rather than putting it into banks added by the fact that people mostly are temporarily jobless that only means no income is getting into their bank accounts that make banks no cash in hand as of the moment. The circulation of money is outside the banks right now for people value the existence of physical money on hand rather than putting it in banks.

The crypto gains because at times like this people are seeking for alternative ways and opportunities of earning money amid with the existence of the pandemic and most people find getting into cryptocurrencies a potential way to be profitable of earning money.
4032  Economy / Trading Discussion / Re: Hire Crypto Trader on: August 10, 2020, 10:23:08 PM
Why is it in need to hire a crypto trader at the first place when you can initially do it on your own? Indeed that at the first time doing trade, you will find it difficult most specially if you are just new into the crypto industry but upon getting along the process of first familiarizing yourself on the potential cryptocurrencies that are good for trading, surely you could do it all along by yourself.

My main concern is that why would you hire a crypto trader when basically you can do it for your own good. Well, if you do really insist on that, it would still be a good move to do to hire a crypto trader if you find doing trade a good opportunity to earn. With the right price surely you could find one. But since you are up into spending, better learn as well from your hired crypto trader on how he do his trades so you could learn it for yourself. In that way you are like hitting two birds with one stone. Also, with that, you could lessen the possibility of your expenses once you have already learn how to trade by yourself. My other concern is that you are seeking a crypto trader in this forum wherein personalities are anonymous. No one would entrust their funds into a stranger for sure basically because it involves money. Better to learn trading for yourself so that you won't need hiring a crypto trader anymore.
4033  Economy / Economics / Re: Exclusive Tax Proposals On American Billionaires on: August 10, 2020, 09:19:03 PM
The proposal was not an attack or mistreat for American billionaires and no wonder this have come into a proposal for the Americans because right now they are facing a real serious crisis and the way to do crowd funding to support the needy is to raise up the tax. But if that proposal would be approved, there might come a time that the power would be abused whenever a crisis like this would arise pushing the billionaires into force to pay a high rate tax that although for a good purpose but still it is undeniable to be a big amount.

I think that one-time tax won't work out that easily for at first glance it is duly unfavorable for the American billionaires paying out a high amount of tax in the middle of this pandemic and take note it on a one time blow. Maybe the taxation for billionaires would take place more properly if the proposal would undergo certain provisions that would be fair and agreeable at the same time for the billionaires since it is clearly stated that it would be used for health support amid with the existence of the pandemic. The taxation rate must be reasonable and be fair for everyone no matter what social class they do belong. This must not just serve for the billionaires but also for the high rate income earners to prove the fairness of putting up a taxation for the benefit of the goods.
4034  Economy / Economics / Re: Are people losing faith from centralized organizations? on: August 10, 2020, 08:20:22 PM
Most likely the way I have observed the situation in the country where I reside, the reality speaks that people do really tends to hold their own money or physical cash instead of putting it into banks most specially because of the existence of the pandemic wherein having cash on hand is really in need to avoid falling in line for too long and prevent yourself from going outside just to make withdrawal transactions on bank counters or even at ATMs.

At this point of time, maybe the reason why people are doing such is not duly because they are losing faith on banks or other centralized organizations. It is just that at times like this, people only thinks of having cash on hand or if not, having cash balance on digital form using mobile apps to access their funds. Maybe people mostly think that storing money in banks are not necessary for now because there are lots of expenses that are needed to attend to and having a cash on hand will provide less hassle compared to storing it on banks. Maybe after this pandemic, people will find reason to store up and hold their moneys on banks but for now that cash is always in need most of the time to buy necessities, people will keep on withdrawing their money so that they would have something to spend for emergency purposes and other needs.
4035  Economy / Economics / Re: Wealth distribution, and tragedy of the commons. on: August 10, 2020, 07:48:58 PM
The series on how people belonging to the lower classes becomes poor people once again and to those people in the middle classes becoming better off and for those people in the upper classes which is becoming getting richer to richest once money was equally distributed relies on how they manage to used up their money. Even if we will continue to do such process of giving everyone a chance to be equally distributed wealth or money but they do not know how to manage or even used up such money for making themselves improve to having a better life, then probably they would just get back from where they have started which results to poor people becoming poor once again, middle classes becoming poor or having better life and rich people making themselves rich once again.

The point is even if you let everyone have such money to be equally distributed to each and every individual but they are lacking of skills and knowledge to make that money grow and just use it up on unnecessary things, it will all be nonsense and the reality would just came back from where it used to be. The division of the classes has not been classified in terms of having a bunch of money, it has been classified on how people wisely uses their resources making them to improve leveling themselves up into a new level of individual capacity in the society.
4036  Economy / Services / Re: Go-Overt Bitcoin Mixer review campaign. on: August 10, 2020, 02:48:23 PM
I would love to take part on this and review your mixer  Smiley

my btc ad: 1JjXPQ816ayeX9WwThwP7dBp22oEjoP9TQ

This is my past review that I remember, I also made a review on the other mixer but can't remember their domain haha, Thankyou!

https://bitcointalk.org/index.php?topic=5207828.msg53316016#msg53316016



So I just tested the website and before sending coins, there's something wrong with your UI.

The "Start Bitcoin Anonymization" and "Mix Coins For Free" mixing page are both displaying the same min and max bitcoin that can be mixed in. You said that we can send 0.001BTC using "Mix Coins For Free" so I think the displayed text there should be change:



And also honestly the fees are so high! 4.9% and 0.0007BTC are extremely high if you are going to compare it to other mixing service.



After I send the 0.001BTC using "Mix Coins For Free" I just want to say that I am happy that it's instantly detected by the system! Some mixer are needed to be reload to see that progress of your mixing but this one is actually good!  Grin



I also read that "no logs" is part of your features but actually it can be a bad one cause some people including me are looking for logs so you can check your mix anytime. Some mixer have a logs but also have an option to delete that instantly after the transaction or, it may be good if you have an option whether if the users want their transaction to be log or not.



After 6 hrs I receive the coin that I mix with no fee, I fully receive the 0.001BTC and what I see is that, there's something wrong with your calculator at "Mix Coins For Free" page.

It says that:



So basically, I am thinking that I will just receive a 0.00025BTC but I fully receive what I mix so you need to fix that.

In summary:

  • Need to fix the UI different of "Start Bitcoin Anonymization" and "Mix Coins For Free"
  • Need to lower the fees if possible
  • Not logging of data should be an option
  • Delay time should have customization not a fix 6hrs
  • Need to fix calculator on "Mix Coins For Free" page

In overall, it's a fine mixing website with a minimalist design and easy to follow instruction but yeah, there's a lot to fix to maximize user experience at your website.  Smiley

I hope my review will be a big help for you guys  Smiley Thank you!
4037  Bitcoin / Bitcoin Discussion / Re: Why most people think Bitcoin is a scam? on: August 09, 2020, 10:34:02 AM
The reason why most people think that Bitcoin is a scam is because they choose to believe on that ideology being set and said by the government, the banks and even the mass media saying negative thoughts about Bitcoin and the whole cryptocurrency  industry as well. They have been planted the idea that engaging into Bitcoin and other cryptocurrencies will tolerate scams and even money laundering and other related stuffs. It is because it is a new idea that they do not understand and choose not to explore further which makes them think that it is a scam. The general thought and idea circulating in the society for those who do not truly know what Bitcoin is, becomes a generic idealization that upon hearing Bitcoin and other cryptocurrencies they always relate it to scam. Maybe it is duly because other people who have tried and got victimized by scams have testified the thought which is somehow true because they engage without knowing anything and have taken advantage by the scammers around and that serve as generalization to them which is partially true but not all. There are scams but there are still legitimate ones and that can be proven if you will explore further. But since the idea have been set into the negative one, the people tend to think that cryptocurrencies as a whole including Bitcoin is a scam.

If only that idea would be corrected, people will surely reconsider and will take a chance to engage into Bitcoin and prove to themselves that Bitcoin is not really a scam, the scam is the people doing the scam schemes and not the crypto itself.
4038  Economy / Economics / Re: This is a total nightmare on: August 09, 2020, 07:22:33 AM
Such things like the Euros have beaten the US dollars when it comes to price value and government pulling out businesses are all effects of the existing pandemic. Yes, those can be considered as a total nightmare but such things are just for temporary while the world is still into the situation of crisis brought by the pandemic.

The US dollars value have been beaten up all due because up until right now US is still struggling to control or manage the number of the infected individuals in their country which brought their economy to experience declination because they are still the leading on the top most part of the world when it comes to the number of infected individuals by covid-19.

On the other hand, government is not totally pulling out the businesses. It just so happen that sudden temporary closure must be implemented to exhibit health protocols needed to control and prevent the spread of virus. But with the new normal set up existing, businesses are back into operation with minimal working capacity and following strict protocols to ensure the safety of everyone not to get infected by the virus.

Such things are just temporary although they were a total nightmare as of now, but such things will soon to come to an end once the vaccine become available to treat the virus leading everything get back to normal.
4039  Bitcoin / Bitcoin Discussion / Re: Do scams harm Bitcoin's reputation in the mainstream world? on: August 09, 2020, 04:03:04 AM
Actually it is a yes. Scams are really giving bad image, impression and reputation to Bitcoin and the cryptocurrencies as a whole because whenever people are hearing out of cryptocurrencies or even just Bitcoin itself, they have a perception that it is a scam scheme and they must distance themselves from engaging into it which makes the mass acceptance and adaption be so difficult to make happen because of the scam accusations being thrown to the cryptocurrencies. The cryptocurrencies must not be blamed on such but the people behind those schemes.

Mainstream or the media publicizing such thought makes people to get afraid on getting into cryptocurrencies which is obviously a bad publicity for the whole industry though it is in need to inform people that such thing is really happening to raise awareness, but the bad impact on it is that people are doubting to get engage in a thought that they might get victimized as well.

I'd just to find out that most news are so unfair, they only saw the negative and published it but never got into the scenario that they praise Bitcoin because it is very helpful to the people especially in today's situation.

Honestly, that was just a sad truth about mass media that sometimes they are on a one sided broadcasting making the image of a certain subject looks bad or good depending on how they will coverage the whole scenario.
4040  Economy / Economics / Re: MENTAL HEALTH ANG WELLBEING on: August 09, 2020, 02:52:56 AM
With the existing pandemic that brought us into the situation of being lockdown into our houses to prevent the further spread of virus, many of us are feeling stress and boredom because we are already used to stay outdoors having our normal lives but because of the quarantine we feel like we are being manipulated and we do not experience freedom for we are prohibited to get outside if it is for unnecessary reasons. That is why we need to have a healthy body and strong mind to conquer the stressors that can possibly get into our minds for being locked inside our houses.

Mostly people that belongs in the lower classes experiences more stress this pandemic because they are always into thinking how will they survive this pandemic, how they can still ensure that they have something to eat when there is no source of income because workplaces and business establishments are temporarily closed leading to loss of jobs which is equivalent to no incoming money on hand.

Other cases are like many people are already experiencing depression due to the reason that they are alone during this pandemic for they have been lockdown on a certain place away from their loved ones. We need to cope this one up by keeping ourselves occupied on any ways that are possible and must have faith that this will soon to come on an end and everything will get back to normal. Physical, mental and emotional health is in need to be strengthen at this time of crisis.
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