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Showing 20 of 65 results by Jamala
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Board Economics
Re: Trumpophobic Chinese Economy
by
Jamala
on 16/05/2025, 11:20:32 UTC
Dedollarizing is such a difficult act to carry out because of the economic alliances the US have with many developed countries especially those under its NATO protection.Many of those NATO countries are anti-Trump but are stock to the tariff war because of the risk of being at loggerheads with the US. The US isn't new in this antics. It has worked previously in multiple occasions, so why change a winning strategy? The Trump policy is yielding possible effects on the US economy in the check the stock market.
One of the benefits of US flip flopping like this is that it first helps countries to wake up and face the reality of US regime; and second will help them prepare which will put US in a disadvantage on its next flip flop.

US regime did two things wrong.
1. They waged war against the entire world not just China.
For example if you check the list of tariffs Trump released on the first day, it included majority of the countries. This war hurt everyone, but by doing that it also told everyone how aggressive US regime is and how distancing yourself from US is beneficial. Distancing means decoupling from US economy as much as possible, dedollarising, etc.

2. They backed off of their aggression
After showing their true nature, they slightly backed off by reducing tariffs a little, etc. That means the instability US regime caused is diminishing but it is going to be a great opportunity for that decoupling I already mentioned. It an happen easier in a less volatile and aggressive world.

Now the only question left is which countries succeed in decoupling from US more than others?
Post
Topic
Board Economics
Topic OP
Trumpophobic Chinese Economy
by
Jamala
on 14/05/2025, 20:30:53 UTC
It all started with a mixed market dynamics, the US stock market plummeting to new lows, and GDP falling by 0.9% in the early days of the Trump tariff war resulting from about 16% import reduction. This excludes the 10% baseline Canada and Mexico tariffs. Many trade models could not determine the full effect of the tariffs as retaliatory actions swept in. Huge tariffs temporarily limited the accessibility of the US market to external investors and stunted domestic growth. Investors trembled as the tariffs effects took time to revert the downward trend. China responded with counter measures which has not stopped the downward trend of its GDP nor given then a relief. So, if Trump applies further measures, the US economy will be great again.
Post
Topic
Board Bitcoin Discussion
Re: Impact of Bitcoin halving
by
Jamala
on 14/05/2025, 13:32:08 UTC
its a significant event alright, in my book the Halving is what Bitcoins cycle revolves
around, it kick-starts the cycle and sets in motion all manner of forces and emotions
as the OP suggests on the market over the 4 years.

as Mrbluntzy has posted above seasoned Bitcoiners understand the Bitcoin cycle
more or less while it can be a bit of a mystery to new ies.

I would suggest to anyone starting is to concentrate on Bitcoin, I'm meh on NFT's,
 and stay away from $hitcoin 'Crypto assets'

Yes. I think two main importance of Bitcoin halving is that it ensures the scarcity of Bitcoin, controls new Bitcoin entering the ecosystem, increases speculation and increases interest in it. Overall, the halving increases its dynamics, investor interests and ensures market security.
Post
Topic
Board Bitcoin Discussion
Topic OP
Impact of Bitcoin halving
by
Jamala
on 10/05/2025, 21:38:09 UTC
The fact that Bitcoin halving events are actually taking place has become widely recognized now, and it plays a pivotal role in the cryptocurrency market and drives speculative fanatism and interest from investors, miners, and even enthusiasts. To understand the importance of halving events, it is crucial to attentively analyze them, as they can affect supply, market sentiment, and the cryptoecosystem as a whole. While not targeting NFTs and the metaverse head-on, Bitcoin halving events may still make a great impression on these areas by changing the trading patterns and expectations of the investors. Bitcoin is the leading cryptocurrency and creates the tone for market moves, which then reflect in the secondary sectors of NFTs and the metaverse. A Bitcoin halving usually brings about increased interest and speculation since the rewards offered in blocks diminish, more so in the crypto marketplace. Such emotion can help to put better conditions within which various crypto assets can be invested, including those in the NFT and metaverse zones.
Post
Topic
Board Economics
Re: The Vulture "Economist"
by
Jamala
on 30/07/2023, 23:47:17 UTC
May I ask what the two Legendary members above are replying to, exactly?  I don't understand whatever it is OP is trying to get across, and if I were just a tad more motivated I'd check that post for plagiarism (Not accusing you, OP.  Just my suspicious mind being suspicious).

That story OP unspooled has a lot of....oddities in it.  So I'd also like to ask him what his point is--and that's if he's even monitoring this thread, which I've got my doubts about.

I'm onboard sir.
Post
Topic
Board Economics
Topic OP
The Vulture "Economist"
by
Jamala
on 30/07/2023, 16:00:06 UTC
Mr. Adam grew up believing that to be rich, he must save and be a miser. So he started saving. Even when he needed money for an immediate and urgent need, he would rather beg from friends and relations. And since he was homeless, his money was always in a pouch tied to his waist. Unfortunate, he fell sick one day and was taken to a nearby clinic. Those who took him there were burdened on how to raise funds for his treatment, and finally did. They paid $718, and left. The sick man woke up from his sleep, asked for friends and was told they were gone. Luckily, they bought some foods and grocery for him. He cried joyfully and prayed for them. Then, he saw a piece of cloth on the floor that immediately struck his attention. It looked like something he has seen before. 'That looks like my pouch, yes, my pouch' he said. He searched for his saving pouch that does not leave his waist but could not find it. He yelled at the nurses, and questioned how his pouch came off him. An elderly man who was on a bed next to him told him how one of his friends that brought him in noticed a protrusion from this trousers, reached out for it and saw money inside. Through the money, they paid for medical bills and groceries.
Mr. Adam screamed " All my savings gone? Who asked them to bring me here?" Does this story strike any memories in you? It does right?
You fooled your colleagues back in junior high school to buy ice cream with their transport fare promising to "lap" them when going back home, but failed. You rode, they trekked.
You went with a group of friends to a restaurant to eat, and when it was payment time, you sneaked out to the bathroom came back but they were all gone telling the waiter that you were going to pay once you come back from the bathroom. It was payback, they said and laughed off.
What's your story?
Post
Topic
Board Economics
Re: Inflation is making a mess of my savings.
by
Jamala
on 30/07/2023, 15:02:40 UTC
I think inflation is a result of poor economic policies, and a weaponized tool on poor countries who by the west and US. As such, savings lose values daily, especially cash savings. So, I won't advise people save in case rather you cab buy precious metals such as gold, silver, diamond and others in an attempt to save.
Post
Topic
Board Economics
Re: The gloomy light called subsidy.
by
Jamala
on 30/07/2023, 14:56:36 UTC
The subsidy idea in countries has been to alleviate the financial burden on importers so that the retail cost won't be much on her citizens. But some govt officials have turned the gestures to a scheme, enriching themselves with almost zero service delivery.
Post
Topic
Board Economics
Re: Saving is Wasting?
by
Jamala
on 08/05/2023, 17:01:39 UTC
Saving cannot be said to be wastage. People actually save for investment because bulk money doesn't come especially for salary earners except entrepreneurs who could get some huge sum of money from a deal. Even they too save.
Post
Topic
Board Bitcoin Discussion
Re: Uncensorability of bitcoin
by
Jamala
on 08/05/2023, 16:31:22 UTC
Early adopters who knows what they are doing will definitely garnish a good result.  When it comes to government trying to control Bitcoin system, they will be in a tough fight because Bitcoin is decentralized and has no focal point of operation that the government can go after to stop Bitcoin.  Anyone can support the network and keep it running thus the government limited by their jurisdiction cannot do anything about the Bitcoin system.  Their law applies only to their country but Bitcoin operation is spread out globally.



Quote
Today, latecomers like myself are ruing lost opportunities. This is because we can attest to the economic leverage crytocurrencies especially bitcoin has given to our pairs who saw today, yesterday. We proclaimed it was a scam like MMM and other Ponzi schemes. We waited in vain to see people regret putting their finances into bitcoin, and have now decided to join them since we couldn't "beat" them. There were warnings from various governments about the unpredictable of Cryptos little did we know that these government agencies have persons who were already trading in the "scam".

In a cyclical market, there is no late comers to take advantage of the benefits offered.  All we need to do is time the right moment to enter so that we can be able to get profit when the cycle ended and just rinse and repeat.  Btw, I never think that Bitcoin is like a ponzi scheme since it was put in an open market where everyone has the freedom to decide.  Bitcoin does not promise anything but a goal of p2p electronic transfer that does not need any third party that can challenged fiat currency that uses intermediaries for transaction.  It is clear that Bitcoin never promised profit but instead aim to give financial transaction a freedom.
Well, those who embraced bitcoin at it's early entrance into the market are worthy ambassadors. As it it an online currency, it can be bought and sold, thus, it has empowered early investors who bought it. I know a few.
Post
Topic
Board Bitcoin Discussion
Topic OP
Uncensorability of bitcoin
by
Jamala
on 07/05/2023, 18:12:06 UTC
Due to currency concerns, many countries banned the use of cryptocurrencies for any purpose. They now seem powerless as transactions are ongoing beyond their control. Why do they think they can censor activities beyond their sphere of influence? Bitcoin is changing the demography of wealth, giving some people an escape route from poverty, and establishing those in the middle class that keyed into it.
Today, latecomers like myself are ruing lost opportunities. This is because we can attest to the economic leverage crytocurrencies especially bitcoin has given to our pairs who saw today, yesterday. We proclaimed it was a scam like MMM and other schemes. We waited in vain to see people regret putting their finances into bitcoin, and have not decided to join them since we couldn't "beat" them. There were warnings from various governments about the unpredictable of Cryptos little didn't we know that these government agencies have persons who were already trading in the "scam".
The government of my country was willing to take any measure to impoverish it's citizens: refusing to create jobs opportunities, complex bank loaning policies, and outright embezzlement of public funds. So, when people saw a future in cryptocurrencies that will take off government influence, those that has foresight jumped unto it. Though, it was a risk, they took it wholeheartedly and today, they are ambassadors with proven results.
Post
Topic
Board Mining (Altcoins)
Topic OP
Decarbonization of the crypto industry
by
Jamala
on 07/05/2023, 16:55:25 UTC
Mining cryptocurrencies is intensely energy consuming. The use of energy intensive computers keeps creating problems for the miners as it has adverse effects on the environment and also pokes their finances in terms of high electricity bills. Because of the environmental effects, crypto mining has been banned from some countries such as China, Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia and Bangladesh. Though, some of the bans are due to domestic currency concerns. So how do miners regulate activities that result in carbonization of the ecosystem? My little research came up with the following recommendations.
Miners should be incentivised to operate in locations with the cheapest and most accessible energy is available.
Use of environmental friendly sources of energy such as solar and wind energies. This one seems difficult for third-world countries.
Crypto halvings could also accelerate green energy adoption among miners.
What do you think?
Post
Topic
Board Politics & Society
Re: Getting Educated
by
Jamala
on 07/05/2023, 15:54:31 UTC
And our success is dependent on our abilities to obey these laws. In short, nature examines us based on our knowledge of them. King David once said
" Because I know Thine laws, I am wiser than my teachers, and I have more understanding than elders" (Ps. 119:99-100). The knowledge of laws actually makes you wise, wiser than your teachers.
I totally agree with you on this very statement of yours mentioned above, because truly everything in this life is governed by laws, and your ability to follow up those laws in a smart way will have a great influence on how successful you could become in life, because just as the best traders in this world are those who understand the tips of trading and apply it, so is that same applicable to us here on this forum, as the most respected and reputable members we have here on this forum are those who have knowledge on the laws of Bitcoin (crypto) & yet contribute meaningfully to the understanding of the common man, and not posting plagiarize contents or using A.I for post since they are both highly prohibited here on the forum, but only posting quality contents of value. And as such today regarded as the most successful members here on this forum, which also can be achieved by anyone only if we could obey the rules and strive to acquire the basic knowledge needed in our crypto journey.

You will agree that without laws nothing works, and a nation without them doesn't develop and crime laden. Laws are created to sustain development and ensure that successes can be replicated. Even in the world today, the most developed countries have the highest number of people are law abiding than the underdeveloped countries.  Even as you pointed out in this platform. Success is tied to one's ability to obey laws.
Post
Topic
Board Mining
Topic OP
Green Mining
by
Jamala
on 06/05/2023, 14:40:02 UTC
Mining bitcoin is intensely competitive. Mining operations that do not proportionally scale their hashrate experience a decrease in expected bitcoin outcomes as the aggregate hashrate of the network increases. Miners are forced to continuously increase their hashrate in order to remain competitive, which results in an arms race for the most powerful and effective ASICs.
Miners can either use more energy-efficient mining hardwares that maximizes hashrate per unit of energy consumed to power their mining devices or power them with the cheapest energy that is available to maintain profit margins in the face of these competitive forces.
The early days of industrial-scale bitcoin mining were characterized by miners competing to utilize the most energy-efficient ASICs in order to achieve the highest possible hashrate. This competition was fueled by rapid advancements in semiconductor technology, as ASICs saw exponential increases in hashrate efficiency in a short period of time. Today's ASICs are 36 times more energy efficient than their 2014 counterparts, as measured by the joules required to produce 1 gigahash (or 1 billion hashes) of computing power. However, the efficiency gains in ASIC technology are becoming increasingly marginal.
Miners are encouraged to operate in areas where the cheapest and easiest-to-access energy is available. A compelling option is to expand operations in locations that are suitable for wind and solar farms. The bitcoin miners are taking advantage of the cost advantages of renewable energy, irrespective of the fact that these energy sources currently have limitations. However, solar and wind energy have become more affordable than fossil fuel sources. A number of leading miners in the industry have recently begun moving away from energy derived from fossil fuels. The Bitcoin Mining Council (BMC) estimated that in Q4 2022, renewable energy sources accounted for 58.9% of the electricity used to mine bitcoin, a significant improvement compared to 36.8% estimated in Q1 2021.
Bitcoin halving has the potential to spur miners' adoption of green energy and increase competition. Halvings happen every 210,000 blocks, roughly every four years. As the name implies, halvings diminish bitcoin block rewards  by half, which brings down incomes procured by miners by practically a similar sum in the event that there is no adjustment of the cost of bitcoin. The next halving, anticipated in 2024, will reduce block rewards from 6.25 BTC to 3.125 BTC issued per block. Miners of bitcoin are discovering that environmentally sustainable practices may be the next frontier to explore, as competition and halvings press miners to seek efficiency gains wherever possible.


https://www.globalxetfs.com.au/bitcoin-mining-is-set-to-turn-greener/
Post
Topic
Board Mining
Re: How effective is biowaste energy in bitcoin mining
by
Jamala
on 06/05/2023, 13:07:49 UTC
The use of biogas for mining is dependent in the volume of gas made available by your biodigester to the generator. Even for normal domestic consumption, it takes a lot gas to achieve that, and much more if possible for BTC mining. Factors that may affect mining using biogas would include amount of waste generated, quality and components of the waste, biodigester and generator. If you can overcome these, then you're good to go.
Post
Topic
Board Politics & Society
Re: Grain Cracks
by
Jamala
on 05/05/2023, 19:21:26 UTC
Joint together by their common hatred for Russia, the center seems to have a crack. The grain crack. By the end of the first quarter of 2022, member states of eastern Europe, formalized measures of dealing with their common enemy- Russia. Trade bans, currency devaluation, travel restrictions and bans, expulsion and bans from international events etc. You name them. They watched, waited and prayed  to see Russia crumble but rather, they got sucker-punched. They are having a common threat in Ukraine. Low price grains from Ukraine is ruining efforts of their farmers, and they are willing to cut ties over it. Internal strives are brewing in Central Europe. Grain is cracking them up. Have your say.

We should not pretend that we don't know the root cause of this problem. You are aware that Russia weaponized food by blocking some of the ports of Ukraine. Ships loaded with grains that were to be exported were blocked from going to the nations that needed them. The global price of grain skyrocketed. Many people couldn't afford to buy food and many companies shut down because of the high cost of raw materials. People lost their lives due to the high cost of food and unemployment.

The world had to seek alternatives to Ukrainian grains making the nation keep piling up its produce. They have no alternative but to reduce the price to attract customers from other nations. The cheap grains are now much cheaper than the grains produced by local farmers. Local farmers began to complain that Ukrainian grain will force them out of business and the government have to protect its local farmers by making policies to stop the entry of this cheap product.

In war, anything can be used as a weapon but weaponizing food can be devastating.

The grain blockage was only temporary as you can attest. Hope you know that had Russia been in same situation, NATO wouldn't give room for sale of Russian grains? The US has for decades been weaponising the dollar against Russia's Rouble. If Russia hadn't a strong spine, it's economy would have collapsed that those of Venezuela and Zimbabwe.
The temporal blockage led to the mess that is going on currently because a slight obstruction of the production and distribution circle always produces negative outcomes. I don't support food or economic embargoes on any country so I am not also a fan of the United States and its allies. My reason is that these sanctions and restrictions affects the common man on the street more than the political class. The ruling class and their cronies will alway afford their wants irrespective of these sanctions but when the economy begins to suffer it is the masses that bear the negative consequences. I am a proponent of freedom. Let us have a world where people will be free to relate and live in a way that doesn't harm the interest of others. Let nations be allowed to make choices without influence from so-called world powers.
I concur with what you've said. The rich aren't affected, some already have stored foods that can last them for 3 months. Like it's commonly said, when two elephants fight, the grass suffer. The war would have ended a more than a year ago with almost zero loss of life had NATO not stepped in. By the time that placed too many trade restrictions on Russia, Putin's choices were limited. It's peace I pray for daily.
Post
Topic
Board Politics & Society
Re: Getting Educated
by
Jamala
on 05/05/2023, 07:00:42 UTC
Having a school education is important but it only gives you a start in life. A big part of what determines if you are successful is you as a person, your personality, how commanding you are & how you come across in corporate situations.

It’s important to have a certain level of education but an A in something like English isn’t going to get you a job over people who interview better than you. 

The essence of education is not to have good grades. There are people who pay for such. Education brings enlightenment and information. And educated people are known for making informed decision, and this is based upon their understanding of laws.
Post
Topic
Board Economics
Re: does bitcoin help in your economy?
by
Jamala
on 03/05/2023, 13:06:57 UTC
Bitcoin is not a widely accepted currency globally especially in developing countries. Local currencies still hold sway seconded by the dollar. A lot of people still lack knowledge of the through nature of bitcoin, therefore, acceptance is skewed.
Post
Topic
Board Politics & Society
Re: How Russia is surviving NATO-backed sanctions
by
Jamala
on 02/05/2023, 15:06:32 UTC
why did you think Nato dislike Russia? Russia self sufficient country, they are contented with all they have. they never invaded any smaller county to steal resources. Russia is the giant of Europe if you ask me. with all the sanctions rebel against Russia they still surviving without asking from aid from any one. i think they are prepared for anything.

Russia does not invade small countries to steal their resources?I don't know what why you say that as isn't Russia trying to get the industrial area of Donbass and some other parts which will make them export their grain in much bigger quantities as the zones they are trying to annex illegally will just give them that,coming much better in the Azov sea.Also in the places they want to annex there is a huge amount of Lithium,which we all know how important is that now for the electric cars which are heavily being spot in European markets.

Everyone knows that Ukraine has ethnic Russians who have been suppressed over the years. The planned annexation of Donbas is not to steal their resources as US would do but to give the ethnic Russians a safe home. Of course, whosoever that owns the land owns the resources therein.
Post
Topic
Board Politics & Society
Re: Grain Cracks
by
Jamala
on 02/05/2023, 11:23:59 UTC
Joint together by their common hatred for Russia, the center seems to have a crack. The grain crack. By the end of the first quarter of 2022, member states of eastern Europe, formalized measures of dealing with their common enemy- Russia. Trade bans, currency devaluation, travel restrictions and bans, expulsion and bans from international events etc. You name them. They watched, waited and prayed  to see Russia crumble but rather, they got sucker-punched. They are having a common threat in Ukraine. Low price grains from Ukraine is ruining efforts of their farmers, and they are willing to cut ties over it. Internal strives are brewing in Central Europe. Grain is cracking them up. Have your say.

We should not pretend that we don't know the root cause of this problem. You are aware that Russia weaponized food by blocking some of the ports of Ukraine. Ships loaded with grains that were to be exported were blocked from going to the nations that needed them. The global price of grain skyrocketed. Many people couldn't afford to buy food and many companies shut down because of the high cost of raw materials. People lost their lives due to the high cost of food and unemployment.

The world had to seek alternatives to Ukrainian grains making the nation keep piling up its produce. They have no alternative but to reduce the price to attract customers from other nations. The cheap grains are now much cheaper than the grains produced by local farmers. Local farmers began to complain that Ukrainian grain will force them out of business and the government have to protect its local farmers by making policies to stop the entry of this cheap product.

In war, anything can be used as a weapon but weaponizing food can be devastating.

The grain blockage was only temporary as you can attest. Hope you know that had Russia been in same situation, NATO wouldn't give room for sale of Russian grains? The US has for decades been weaponising the dollar against Russia's Rouble. If Russia hadn't a strong spine, it's economy would have collapsed that those of Venezuela and Zimbabwe.