2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    DLT had been barely invented when SS first began. The biggest influence since has been the realisation by some that virtual assets have value and this is why crypto has featured more prominently on a forum that is primarily dedicated to physical assets. Advances in technology has meant that wealth is no longer restricted to the material world.

    There's no collapse and there won't be one. Just altered states, new systems being reincarnated from the old.
     
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  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    The RBA and the Australian banking Association are both on record outlining their views on the advantages and risks associated with crypto assets. Neither organisation has indicated any opposition to the introduction or adoption of cryptos, recognising that they allow the tokenisation and transfer of digital assets between parties faster and more cost effectively than is the case in many situations currently.

    Where they have expressed concerns is around the risk with holding crypto assets and the need to regulate the crypto market in order to reduce the risk to both the banking sector which may hold crypto assets on their books and retail investors holding crypto assets. This is not to be confused with any attempt to ban crypto assets.

    See also: https://www.silverstackers.com/foru...l-bank-digital-currencies.95698/#post-1211720 for the latest advice from the RBA regarding CBDCs.
     
  3. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    No! The real risk is over regulation by the banking system and Governments of a supposedly decentralized alternative such as DeFi.
    Retail Investors who play with fire need to manage their own risk. If they are too lazy to research, that is their choice.
    Just as it is with Gold, Silver, Jewellery and Collectables, you gradually move it out of the system where it can't be traced or touched.
    I call that freedom.
     
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I agree with the sentiment about self-regulation, currently the banking system and the RBA have not adopted an anti-crypto stance though. Fears that they will ban BTC etc are therefore unfounded. At the moment.
     
  5. mattyman174

    mattyman174 Active Member

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  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    100,000 was with restrictions, what number do you think will die without restrictions and is that number acceptable?

    Personally I am ok with 2% (900,000) to 3% (1,350,000 death). The numbers are for Argentina.
    In Australia it would be bit more than half of Argentina in line with difference in populations.
     
  7. alor

    alor Well-Known Member Silver Stacker

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    how slow can transfer from wallet to wallet be? let me watch a movie first, once complete
    there won't be an alert, the PC has already been turned into pieces
     
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Lightning network is instant and borderless. Using the BTC network at the moment takes 24 min, has been as low as 8 min. NPP is instant for domestic transfers, as long as you've got a bank that participates, but sometimes you have to wait a day. I only send money overseas when I want to help Jeff Bezos and others, not sure how long it takes as Visa vouches for my reputation.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    considering to turn my palladium into ETH in wallet, it was costly proposition...last time, as silver tanked. PD went up
    so this time will try again, not sure how things would turn out. its been more than 2 years now
    my palladium is hedging my silver risks, not sure ETH can do that the same, or it will take my palladium into the never never
     
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  10. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    What the socialists/communists have done to a once-prosperous South Africa.

    Poor children having to sell teddy bears on the side of the road to pay for rent and food.

    You will see similar heartbreaking scenes in Australia within a few years as we are headed in the same direction.

     
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  11. alor

    alor Well-Known Member Silver Stacker

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    all lobsters gone
     
  12. TreasureHunter

    TreasureHunter Well-Known Member

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    Oh my God, you actually researched that? So, in theory anyone could die, "no problem", because the "replacements" are coming on the "conveyor belt".

    Sounds horrible, but statistically indeed, many countries have birth rates that exceed the Corona-induced death rates by far.

    It is amazing, but come countries double their population in 2-3 decades. Some even faster.
     
  13. TreasureHunter

    TreasureHunter Well-Known Member

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    Do you actually want to pick "acceptable death tolls" for other countries?
     
  14. mattyman174

    mattyman174 Active Member

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    I don't think I'm in any position to make that kind of judgement (I don't think anyone is). But what the statistics tell me with the high rate of recovery is that yes deaths would be much higher without restrictions but not by much.

    What do we sacrifice on the road to the unobtainable?

    Who's counting the dead caused by the lockdown's and restrictions???

    If the "cure" is worse than the "disease" what the hell are we doing...
     
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  15. alor

    alor Well-Known Member Silver Stacker

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    the cost outweight the benefit
    the cost = people risk their lives with the shot
    the benefit = the people get the business open again

    the question to ask, why risk it, when you are not the one who benefit
    its like, so long I get to live, it does not matter your business remains shut
    ? why should I get the shot for your business to open, when I care not, its not my business
    my body my business
    if you only has one live, why risk it ???

    Hundreds of Thai medical workers infected despite Sinovac vaccinations
    https://asia.nikkei.com/Spotlight/C...workers-infected-despite-Sinovac-vaccinations

    BANGKOK (Reuters) -- Thailand's health ministry said on Sunday more than 600 medical workers who received two doses of China's Sinovac vaccine have been infected with COVID-19, as authorities weigh giving booster doses to raise immunity.

    Of the 677,348 medical personnel who received two doses of Sinovac, 618 became infected, health ministry data from April to July showed. A nurse has died and another medical worker is in critical condition.

    hmm
    if the efficacy is claimed to be 51%
    shouldn't we expect 331,900 to be infected, BUT why only 618 ???
    and those who died, should be expected in the 1,000+ figure rather than a single death

    who are we to say this is not acceptable, when what we expect is 1000X far worse
    this is clearly a double speak, double standard

    the reality is the opposite from what is expected
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  17. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Fed Chairman Jerome Powell says "I am not concerned about your standard of living"!

    I am sure that our own Reserve Bank Chair shares a similar sentiment after all they are part of the same banksters club
    and we the common people are not in it.

    I cant believe that some f*ckwits still think that these psychopaths have their best interests at heart.




    You Are On Your Own.
     
    Last edited: Jul 17, 2021
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  18. alor

    alor Well-Known Member Silver Stacker

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  19. alor

    alor Well-Known Member Silver Stacker

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    thornie prices collapsed too
    [​IMG]
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Chinese demand collapsed. Good for covid.

     

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