[BitCoinTalk][COVID-19] Grim Reality

[Vod]

"Acthar used to cost $40, but Mallinckrodt has raised the price of the drug to over $39,000 per vial."

That was a quote I saw somewhere showing the greed of people during times of need.  :/

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[hacker1001101001]

"Acthar used to cost $40, but Mallinckrodt has raised the price of the drug to over $39,000 per vial."

That was a quote I saw somewhere showing the greed of people during times of need.  :/

Source : https://m.slashdot.org/story/367522

The city of Marietta, Georgia is suing drug manufacturer Mallinckrodt after Mallinckrodt increased the price of the drug Acthar by 97,500%.

The lawsuit, filed in federal court, claims one city employee needs the drug Acthar, which is used to treat seizures in small children.

"Acthar used to cost $40, but Mallinckrodt has raised the price of the drug to over $39,000 per vial," the city claims in the lawsuit. "This eye-popping 97,500% price increase is the result of unlawful and unfair conduct by Mallinckrondt. The city has expended over $2 million for just one patient covered by the city's self-funded health plan...."

Atlanta pharmacist Ira Katz said Acthar is what's called a "biologic" and they can be classified as specialty drugs. "They put them into the specialty class, and the prices are outrageous, just outrageous," Katz said.

I guess he is worried about his own medical expenses and indicating the same ! I am at max level of sadness though.

[Gyfts]

I feel like the type of Bitcoiners that are on the forum are recluses to begin with so they have a smaller chance of dying. You combine that with the fact most of the people on here are probably under 40 and you have a death rate significantly below 1 percent.

[Timelord2067]

I feel like the type of Bitcoiners that are on the forum are recluses to begin with so they have a smaller chance of dying. You combine that with the fact most of the people on here are probably under 40 and you have a death rate significantly below 1 percent.

1% of 110,000 active users is 1,100 users. In my OP I pared that number down.  If we said 1% of 50,000 UID's then that's 500 users.  ~0.5% of 50,000 users is still 250 UID's.  I'd be interested to see any research on the demographics of bitcointalk users to see where you come up with your numbers and break down of age groups.  I'm happy to amend the OP with links to statistics.

[gentlemand]

I feel like the type of Bitcoiners that are on the forum are recluses to begin with so they have a smaller chance of dying. You combine that with the fact most of the people on here are probably under 40 and you have a death rate significantly below 1 percent.

You might be on to something there.

I'm over 40 but I was already a stunningly unsociable git and this gives an extra reason to be so. However travel is my thing so I might lose my mind before my body collapses. I will wander the world in VR and hook up some sort of smellovision too.

I would also hope that people here have more than the average to be able to sustain themselves if things get tight for a bit.

[Gyfts]

I feel like the type of Bitcoiners that are on the forum are recluses to begin with so they have a smaller chance of dying. You combine that with the fact most of the people on here are probably under 40 and you have a death rate significantly below 1 percent.

1% of 110,000 active users is 1,100 users. In my OP I pared that number down.  If we said 1% of 50,000 UID's then that's 500 users.  ~0.5% of 50,000 users is still 250 UID's.  I'd be interested to see any research on the demographics of bitcointalk users to see where you come up with your numbers and break down of age groups.  I'm happy to amend the OP with links to statistics.

I do not have any statistics to back up my claim, just an assumption. As far as Bitcoin usage though, it's not unreasonable to believe that Bitcoin users probably skew towards younger users oppose to the boomer generation and higher. 

[Timelord2067]

I do not have any statistics to back up my claim, just an assumption. As far as Bitcoin usage though, it's not unreasonable to believe that Bitcoin users probably skew towards younger users oppose to the boomer generation and higher. 

I've taken note of your thoughts that there will be a <1% fatality rate.  Thanks for your input, it's appreciated.

[BitcoinGirl.Club]

Bumping the thread for Bruno.
Please read: [Plead] Phinnaeus Gage's User Moniker Manifested Due to a Malignant Brain Tumor
I have sent a PM to homer for a new hat so that we can spread it all over the forum.

[Timelord2o67]

This website https://www.worldometers.info/coronavirus has an accurate tally of people who have contracted Covid-19 as well as the ratio of recovered to fatalities which is currently running at 81% recovered Vs 19% deaths.

[Vod]

I feel like the type of Bitcoiners that are on the forum are recluses to begin with so they have a smaller chance of dying. You combine that with the fact most of the people on here are probably under 40 and you have a death rate significantly below 1 percent.

After I posted about my health issue, I got several PMs from others who were in the same type of boat.  We have no idea how old anyone is on this forum.

Young people seem to think that a person in their late thirties couldn't understand bitcoin, but remember I mined my first hundred bitcoins, ran a mining guild and busted several large scammers before you guys even read the word bitcoin.   

[sandy-is-fine]

Sadly, COVID has also becomes the excuse du jour for scammers as in "I have Covid so I can't refund you or send you what you paid for."  I have personally experienced that twice.  First one (see last post and neg he left me and his current "trust"): http://archive.fo/QmjZb  (he never refunded anyone) and the other one was in a PM to me.  I'm 72 and hiding under my bed.

[Timelord2067]

Sadly Bruno Kucinskas Jr. has gone to the great block-chain in the sky. (Obituary)

I have added him to the Honour Role I have started for anyone known to have died at this time.  There is also a Watch List for those who have fallen silent but it is unclear what their changed circumstances are.

[ChuckBuck]

Young people seem to think that a person in their late thirties couldn't understand bitcoin, but remember I mined my first hundred bitcoins, ran a mining guild and busted several large scammers before you guys even read the word bitcoin.   

Sure, it is a wrong thought from young people. They also never have feeling of first using BTC to buy something, pizza for example. And of course, it costs 10,000 BTC to buy a simple pizza (this is just an example, I have never done that). Nobody will believe that a pizza in the past can turn them into billionaires in the present.

[STT]

I'm pretty sure Satoshi was well over even late 30's which is not old at all and hopefully covid doesnt alter that.    He has to be of that age to have caught the macro economic contrast from relative normality of previous decades to this century which has got increasingly bizarre monetary policy.   Unfortunately it has to matter because Covid represents an extreme but perfectly natural event in human history, natural deflation and a pullback in an economy where FED policy in theory could never allow deflation or a contraction because it could topple all these giant debt loads.
   The virus is serious but I think the deaths and trouble will not last as long as the badly handled failure from poor policy. I think history and the 1920's shows us that is easily possible not that I think history repeats but apparently governments have the habit of dragging things out which is to make it worse.  They are management at best not the actual economy, stand in the way or over interference and it becomes the problem.
   Young people have the disadvantage of not even knowing what normal is now, it could mean the onset of populism which means we waste time trying things which dont work, it did Venezuela no benefit or anywhere else

[Timelord2067]

Please see this post in the thread [Flag] Bruno AKA Phinnaeus Gage, Gleb Gamow, YuTü.Co.in, Bitcoin 100 & ?? ?? concerning an account that has been hacked after the user has apparently died (as this thread tried to forewarn you all of)

[Timelord2o67]

Bump - India sets another one day record with ~4,250 deaths in the last 24 hours.