Latest posts of: Vishnu.Reang

Quote from: Hughes_Ryan on August 15, 2021, 10:09:49 AM

Yes, currently food prices are still increasing in my country although some agricultural and aquatic products are cheaper due to the import and export freeze due to covid 19. In particular, I doubt that we have risk of a famine if the covid-19 situation persists for a long time. The lack of basic necessities causes prices to escalate, hyperinflation is coming very close. That's the worry

If the export ban is there, then the farmers will suffer. They will be forced to sell their produce at low rates, since there will be an oversupply at the local markets. This will keep the prices low for the consumers, but in the long run will do more harm than good. If the farmers incur losses, then in the future they will scale down the production, or form cabals to ensure higher prices. IMO, the government should not intervene in free market. Import/export bans make no sense in the 21st century, and they are ineffective.

Quote from: Ngemmeng on August 15, 2021, 09:41:58 AM

it doesn't seem that easy. in such a situation most people would prefer to use the money they have to survive rather than invest. but at least this difficult situation made many people realize how important an investment is. People who have saved and invested money in the past are the luckiest people today.

In times of difficulty, the preference for investment will be towards low risk assets such as gold, bank deposits and treasury bonds. The flow towards high-risk assets such as cryptocurrency is highest when the economy is in good shape. With a smaller amount of disposable income, ordinary people would be more careful with their money and that lowers the preference for assets such as Bitcoin. But history teaches us that high-risk assets almost always provide higher returns when compared to assets such as bank deposits.

Quote from: irsada on August 13, 2021, 01:18:11 PM

There are also altcoins that last a long time, although not as long as bitcoin because bitcoin is the beginning of the creation of crypto.
With so many altcoins, it will certainly make competition and those left behind will be destroyed if they cannot meet market demand.

Altcoins have been in existence for more than a decade now. But the earliest altcoins are all dead or dormant. Most of the top altcoins were created after 2014. The Ethereum ICO occurred in that year, and the other alts such as ADA, BNB, LINK and DOT were listed at a later date. Only Litecoin exists as the sole survivor from the pre-2014 coins. Bitcoin is still the king of cryptocurrency, after more than 12 years. But the same can't be said about other alts such as Ethereum and Cardano. They are facing stiff competition from newer coins.

Quote from: tazmantasik on August 13, 2021, 11:52:44 AM

More bad factors for the future if we talk about education. Online education in my country is not effective, many children are not able to afford to be able to buy gadgets as the main need for online learning.

There are both positives and negatives for online education. On one hand, it requires a smartphone and internet connection. Although these have become very cheap nowadays, for certain sections of the society the financial burden is unaffordable. And also, online education is not very effective, if the teachers are not capable of adjusting in to such an environment. The plus point is that the student will save some money, since he doesn't have to spend on conveyance. Also, staying at home means that the kids are more or less protected against the virus.

Quote from: xSkylarx on August 12, 2021, 05:18:23 AM

I agree that working from home is ineffective for me. It's like a government employee working from home, but imagine how they do their work at home. That is extremely difficult, and transactions are being held up. I am a government employee as well as a freelancer, and speaking on behalf of government employees, it is somewhat ineffective in terms of work, but it is extremely effective in terms of prevention. However, my main concern is that they are being paid for doing nothing at home. As a freelancer, we are very familiar with this, so it is nothing new to us.

Being an IT engineer, I am working from home for more than one and half years now, and I would say that this is the best thing that has ever happened since I started working. But as you pointed out, certain sections of employees (especially those employed by the government) become arrogant when they work from home. Here in India, even before the pandemic the government employees were behaving as if they are gods. And now since they don't have to go to the office, they have become even more boorish.

Quote from: Lordshiva on August 12, 2021, 04:06:37 AM

I think they played Shardul Thakur because he can bat as well. But he only got a duck so that concept did not worked out and i totally agree with you. Ishant must be in the playing 11 so as ashwin they got 300 and 400 wickets respectively for india so they must be in the playing 11 without any doubt.

His batting skills are not bad, but he can't be considered as an allrounder. And at this point, I would prefer to go with the best bowlers available. Keeping an experienced pacer like Ishant out, because Shardul is a better batsman doesn't make any sense. Shardul has been given enough chances and he has failed to impress with the ball. And regarding Ashwin, I would prefer to include him in the playing XI. He adds variety to the bowling attack, and England batsmen have historically fared poorly against spin.

Quote from: DrBeer on August 11, 2021, 09:47:52 PM

At the dawn of the cryptocurrency boom, I also dreamed that cryptocurrency would be freely accepted as a means of payment, but over time I came to the conclusion that this is a quality goal, and benefits for the economy or society. Here, like many decisions, there will always be 2 sides: positive and negative. So, I do not see now mega benefits from the introduction of the status of a full-fledged means of payment for cryptocurrencies. As a special asset for a limited range of payments - yes, perhaps, but not for everything and everywhere.

The current system of governance in a majority of nations depends on borrowing money. Such a system depends on national currency, that is susceptible to inflation. Even the US Dollar has seen a sharp reduction in purchasing power recently. If Bitcoin is allowed to be used freely, then the national currency will be unable to compete (since BTC is protected against inflation), and ultimately the government will be unable to balance its budget. Even for El Salvador, I am not sure how they will manage the finances in the long term.

Quote from: zanezane on August 11, 2021, 02:13:05 PM

But isn't the country have some unstable regions? If there is then probably it would scare the miners because last time that I've heard, they're against Russia in Crimea or Chechnya? Hope that Ukraine will be able to resolve this issues.

A few years back there was warfare in the eastern part of Ukraine, and close to 100,000 died there. A ceasefire was signed in 2014 and it is holding till now. But a large portion of the eastern part (Donbass) is still outside the authority of the Kiev regime. And the Crimean peninsula was annexed by Russia around that time. The case of Crimea is complex, because it used to be a part of Russia until 1954. Around 80% of the population is ethnic Russian. But for some unknown reason, the region was transferred to Ukraine in 1954.

Quote from: Haunebu on August 11, 2021, 05:11:42 PM

I agree. Honestly, I am not the biggest fan of Ravi myself, but he did deliver on most occasions which is why I don't really get the crazy hate towards him by a section of the Cricket community.

The BCCI might be corrupt, but they aren't dumb. They allowed Ravi and Kohli to retain their positions since they almost always delivered great results excluding the big tournaments(World Cup etc).

India won the matches, because the players performed well. I don't know what role was played by Shastri here. Most of the aspects, such as training and team selection was decided by Kohli. Anyway, let's discuss about the future. What are the chances that Rahul Dravid will be appointed as the coach of the national team? Or the BCCI can go for a foreign coach. But historically the team members (at least the senior members) haven't reacted positively to foreign coaches, especially of they are strict with the training regimen.

Quote from: onecall123 on August 11, 2021, 04:49:58 AM

Despite the pandemic, what's more important is the Olympic spirit displayed by the athletes. Congratulations to all those who participated in the Tokyo Olympics and thank you to Japan for all the efforts to make TOKYO OLYMPICS be successful despite the pandemic we are facing today. Following these events, we are entertained by the teams who have worked hard to earn these medals. We are proud of each and every one of them. There will be another Winter Olympics in Beijing in 2022 and in Paris in 2024.

On most part, it was a good display of sportsmanship. But there were isolated incidents, which tarnished the Games to at least some degree. One example was the behavior of Morhad Amdouni (French athlete competing in men's marathon). Check this video and decide yourself:

https://twitter.com/piersmorgan/status/1424305458320392201

And then we had Benjamin Whittaker of Great Britain, who refused to wear the silver medal, claiming that the jury was unfair to him (although he later expressed regret). Also, during the wrestling match between Ravi Dahiya (India) and Nurislam Sanayev (Kazakhstan), the former suffered a savage bite from the latter. And a few days earlier, Youness Baalla of Morocco did the same against David Nyika of New Zealand.

Quote from: Wawa2013 on August 10, 2021, 10:39:26 PM

I agree not to equate investing in Bitcoin with other assets, because investing in Bitcoin is much more risky. So it's not necessarily people who
have succeeded in investing in the stock market, will also be successful in investing in Bitcoin. The price of Bitcoin is very volatile, so it is normal
for the price of Bitcoin to fall very deeply or even rise very high, things like that happen over and over again. Since there is no guarantee that
Bitcoin will recover, so it is very wise to always invest money that we can afford to lose. If we want to be successful investing in Bitcoin, we must
be willing to continue to learn, in order to understand how Bitcoin works.

I have heard this argument a lot of times that in Bitcoin we should invest only as much as we could afford to lose. But my personal experience is different. Back in 2013/14, one of my friends got so much addicted to Bitcoin, that he took loans to invest in it. And at that time, the exchange rate of Bitcoin was $800 per coin. Two years later, the price stood at $200. Luckily for him, he didn't sold any of his coins, as he had faith in cryptocurrency. And now he is at 50x profit, when compared to the purchase price.

Quote from: n0ne on August 10, 2021, 10:24:35 PM

We shouldn't expect other countries to follow El Salvador, because already Japan had given importance to bitcoin as a currency ans supported vendors to use bitcoin instead of cash. Even it gave support through promotion. So Japan is the one to make it used as a currency. Now El Salvador will be watched. There is opposition from its citizens for the usage as currency and some street protest have taken place. This means people have got difference of opinion about bitcoin. Government needs to come up with systematic review to make them understand.

It is possible to make payments using Bitcoin in Japan, but that doesn't mean that it is considered as a currency there. And it doesn't have the status as legal tender. Only El Salvador has recognized Bitcoin as legal tender. I have heard rumors that more countries are looking forward to give the legal tender power to Bitcoin, but so far there has been no confirmation from any of these nations. Usage as a currency is different from being used as legal tender. For example, we can even use gold coins as currency.

Quote from: Pejoh Asu on August 10, 2021, 02:35:04 PM

My country is one of the most frequently affected by natural disasters such as floods, droughts and earthquakes, this is what makes inflation in my country more than 7% per year so that it creates a lot of problems, especially the prices of all commodities and labor wages, especially during a pandemic like now so that it makes the economy in my country getting difficult.

There was a time, when the inflation rate in my country was above the 10% mark. It was difficult back then, as everyone was struggling to cover the surging expenses with limited salaries. But the big change occurred after 2014, when the crude oil prices crashed. The inflation slowed down to around 4% per year and stayed broadly at that level until 2020. But the honeymoon seems to be over now, as the inflation rate is once again going up (partly due to the rising crude oil prices). Consumer Price Index (CPI) was up by 6.3% (YoY) last month.

Quote from: JSRAW on August 10, 2021, 05:59:11 AM

Pollard is bad example because he's not test player.

Just now realized that Kieron Pollard hasn't played a test match till date. Perhaps he don't want to participate in test matches, but my opinion is that he could be more than handy even in the longer format. West Indies has been performing quite poorly in test format, ever since Shivnarine Chanderpaul was forced to retire. I believe that he was the last West Indian batsmen who could dig in and build a partnership under adverse conditions. After his retirement, I am yet to see a quality test batsmen in the West Indian squad.

Quote from: LittleBitFunny on August 10, 2021, 10:56:20 AM

If New Zealand does not evaluate this series properly then why are they sending their team to Bangladesh? Australia sent an inexperienced team. And they are back in their country with the shame of losing all their wickets for 62 runs. In the past, New Zealand once had a whitewash in Bangladesh. Against Bangladesh with a second-tier team, and New Zealand should not come to play at home in Bangladesh. They will not be able to win the series.

New Zealand probably doesn't care if they lose the series. They just want to test some of their younger players and see whether they can perform in Asian conditions. Anyway, unlike the ODI format, there is no point system in T20I. So even if they lose the series, or even lose all the matches, there is no long term repercussions. Losing a series against Bangladesh may be preferable to performing poorly in the T20 World Cup. All that said, just because they have sent some younger players, it doesn't mean that they are not taking the matches seriously.

Quote from: Abiky on June 11, 2021, 03:40:30 PM

With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.

I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you.

These coins are either dead or defunct. And in the cryptocurrency sector, it is very rare to see coins that have been dead for so many years being revived. The promoters of these coins have moved on to other projects, and other developers are not interested in them because there is no premine advantage for them. In short, it is not like investing in stocks that have fallen by 99%. With stocks, you can say that there is still a 1% chance of getting revived. But with dead coins, the chance is like 0.00001%.

Quote from: jaysabi on August 08, 2021, 04:28:47 AM

Some of that might be happening on an extremely small scale if anyone wants to risk prison time over holding bitcoin and having to transact under the radar forever. The tradeoffs there seem way out of whack so I don't know how common that's gonna be, but I'd guess not at all. What we know is much more common is people just selling out of bitcoin, which is why the price tanked below $30k. There was a flood of people in China rushing to get out to comply with the law, which created a ton of new supply and crushed the price.

Obviously the majority want to comply with the law and that is the reason why there was mass-selloff in China. Even in India, when the bill on cryptocurrency was first proposed in 2018, a lot of the users sold their holdings. But here the users are more rebellious and a large section went vocal in social media. As a result of the campaign, the government relented and shelved the cryptocurrency bill. But the status of cryptocurrency in India is still in suspended animation. It is still not 100% legal. This creates issues while filing tax returns.

Quote from: bitmover on August 09, 2021, 03:50:45 AM

Brazil managed to take care of the inflation later on after a few decades... if we only had bitcoin back then, certainly a lot of people would have a better life here.

Inflation is a big issue all over Latin America. Apart from Venezuela, Argentina is one country that was very famous for hyperinflation until recently. Actually this is a problem with all the economies, which are overdependent on any one sector. In case of Brazil, the dependence is on agrobusiness and whenever the ethanol or soya prices drop, it puts the economy under enormous pressure. Same was seen in Russia recently. Their economy is overdependent on oil, and RUR lost almost 60% of its value when crude prices plummeted.

Quote from: blockman on August 09, 2021, 03:57:59 AM

Yeah, if there are visitors allowed there's for sure a boost on their economy if there are no covid-19 restrictions and there's no travel ban for other countries. But despite the covid-19, their economy didn't go into inflation and they're one of the best economies during this covid.
But I also feel them and understand what you've explained that if there's just no restriction coming from the Olympic committee, for sure Japan will benefit from it and this year is going to be a big year for the economy. I've watched a video that pre-Olympics, they are encouraging their citizens to travel all over Japan just to keep their economy running and the government will provide some benefits and allowance for them.

Inflation is not an issue in Japan, because unlike the other countries the government doesn't indulge in the printing of unlimited amounts of banknotes. Also, they restrict immigration only to high-skilled labor (opposite to the cases in western nations). And this helps to reduce the government expenses. But I don't think that it will be a good idea for the government to ask their citizens to roam around, given the precarious COVID situation in the country. The age structure of the Japanese population also makes them more vulnerable to COVID.

Quote from: Silberman on August 08, 2021, 06:23:07 PM

I did watched this competition and personally I like it, after all there is nothing more exciting than when the underdog is able to beat the favorite and no one saw it coming, it is sad on one hand because the twins were trying to make history and they failed and it is also sad because I saw how devastated the Russian athlete was after she discovered she lost the gold medal after winning 3 world championships in a row, but this only makes the victory of Ashram even more impressive which is the first for her country on the sport.

It was disappointing for Russia, but this time their performance was not up to the mark. I still remember the stellar performance by Margarita Mamun and Yana Kudryavtseva in 2016. And before that it was Yevgeniya Kanayeva who won successive golds in 2008 and 2012. However, this time the Russian athletes were no way near that performance. And Linoy Ashram did well. In the Russian press there were accusations that the judges were biased. That is difficult to prove, and in all probability the Russians will receive penalty if they make such accusations.