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Board Bounties (Altcoins)
Re: [ROUND 5] Utopia P2P Ecosystem 💎 - Android APP Review campaign 🔎
by
lockingbay
on 10/09/2023, 17:45:06 UTC
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Bitcointalk Username: lockingbay
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3575096
Utopia Username: lockingbay
Utopia Public Key (Address): F64F1F97FCC9EB4842B3A109B35A30AF8811FF4D7E2B0D5BD36F021C5EA8DD34
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Topic
Board Economics
Re: How to avoid over expenses and have discipline
by
lockingbay
on 05/09/2023, 04:18:35 UTC
It is really annoying to fall short of funds when allocating the budget to our needs.  This list are helpful in guiding one on how to keep our expenses on tab and avoid the frustration of falling short of funds even though we always try to look for extra funds to fill our needs.

Setting the budget and knowing the reason why we always have shortage is a good way to troubleshoot our financing activities.
For sure I only use many things like saving money for a winter season and much more. It gives me Courage and to do much more in my life. So saving is best option for me in this world.
Post
Topic
Board Economics
Re: What has really been behind china's economy
by
lockingbay
on 04/09/2023, 16:39:02 UTC
Sometimes as a rational thinker,  I've tried to wrap my head around how China has been able to sustain their economy with an estimated GDP growth of 3.00 percent and per CAPITAL  GDP of 18187.98 USD, Especially owing to the fact that, they have to much people to heavily dependent on her economy and population of over 1.400 billion people.
https://i.ibb.co/kXLbkNs/IMG-20230904-WA0002.jpg
I see a lot of countries with much lesser population struggling to sustain their economy at this point,  with global inflation, the after effect of COVID-19 other multi-dimensional economic problems. Because I can remember vividly that China,  are one of the highest hit of COVID-19 but yet they are still waxing stronger economically.

The other day,  Pawal7777 was talking about recession hitting CANADA, and that how other countries are having one difficulty here and there economically. So point is, what economical indices is china adopting to keep their economy afloat?

Source: https://www.google.com/search?q=what+the+current+GDP+of+china&oq=what+the+current+GDP+of+china+&aqs=chrome..69i57j0i22i30l2j0i390i650.14687j1j4&client=ms-android-xiaomi-rev1&sourceid=chrome-mobile&ie=UTF-8
China is world's larger exporter with multiple resources and also very opportunistic and also it has highest earnings in all the world. And they are leading in anything.
Post
Topic
Board Economics
Re: Stable coin or having USD in bank
by
lockingbay
on 03/09/2023, 17:57:24 UTC
I am not talking about people in United States or European countries that are spending Euro, or UK or countries like Kuwait, South Korea or Japan that their currency are not inflationary like the local currencies in countries in Africa, South America, Asia or some countries like Turkey.

The people  in countries that have high inflation rate prefer to save foreign currencies like United States dollar. Stable coin was created and most people from these high inflation countries prefer to save stable coins.

If you have your money in banks, you do jot have the complete control. If you save stable coins, most of them are centralized and you do not have complete control and they can fall out of peg and be lesser than the money they are pegged with they become. Example of the pegged coin was Terra Classic USD (UST) which was $1 before but now $0.01186444

If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.
I will prefer USD still unless usa dethroned from crown and another currency becomes global hub like BRICS currency.