Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
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401ks and a nice little tip to move it where you have control. I didn't really realize there was a ROTH conversion but I did know of the ROTH IRA.
https://www.cnbc.com/2021/03/21/government-owns-piece-of-traditional-401k-or-ira.html
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I am going to have to convert my stuff over at some point. The amount that I have in a traditional is not old enough to convert. I think when I looked, it required 5 years which I dont have.
Either way, the government is always out for their pound of flesh.
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Yea the more money you have full control over, the better it is. They are always out for more money and they have zero regrets making you lose money so they earn money.
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I dont like the government being a partner with me on anything.
That is like sleeping with an alligator.
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Looks like we will have a store that will help you sell physical products and some updates to the COM token you get from having LIST and HUSTLER staked. I forgot who asked for it but it was mentioned before in this thread.
https://leofinance.io/@thelogicaldude/hivelist-store-updates-and-com-token-phase-2-coming-soon
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I had heard about that some time back but did not look any deeper into it. Thanks for sharing this. Looks like they have some good ideas. I will have to delve into it deeper.
A marketplace is certainly something that is needed on Hive. Using HBD makes sense although that is almost as volatile as Hive.
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Yes I also like the fact that they are giving people an option of doing the shipping themselves or pay a fee for them to do the shipping. The business side seems fine and logical to me.
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Yeah I asked this couple of days ago , I mentioned that there was a tribe dedicated to Commerce on Hive but I couldn't remember which it was .
I am getting small amount of COM everyday too . The store will help , maybe they can integrate HivePay into too so that we can pay in any HE token .
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They are integrating HivePay into it. I think they are the group behind it actually.
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Yeah ? I thought CTP owners jon and blainjones were behind HivePay .
I really should check out their shop , maybe I can get some of my friends over there to sell few things.
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Actually maybe I was wrong. I thought they were behind HivePay but I could be remembering it incorrectly. I thought I remember hearing CTP talking about them making collaborations with someone else and I thought that was HivePay. Maybe I'll ask on the next Road to 10k CTP so everyone knows the answer.
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Yeah sure okay :) I haven't checked out this week's Jon post at all , thanks for reminding me I will check it out later.
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Just another sign of all that is happening. It is very exciting to see.
Hive is really starting to fill out in so many ways.
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I agree but the problem is there is no information at one particular place where we can see what all is happening on Hive . Maybe we can turn this thread to "that particular place " where we discuss about all the Hive projects .
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We could and should add stuff that is going on with Hive in here. That is a great thing to do.
Post other people's posts that discuss that stuff and maybe they will follow in here.
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I am thinking of opening a stats section itself here lol to post stats about various projects .
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So it looks like the Trump is coming back but I thought it would be with a existing platform but it seems like it is a separate platform.
https://www.foxnews.com/politics/trump-social-media-platform-return-adviser
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They'd bump him on an existing one, better to roll his own. While I supported another candidate in 2016 and 2020, I'm telling everyone locally, to expect another run from him in 2024.
Barring legal issues, I'd be shocked if he didn't.
CNN has already seen their ratings drop up to 50% since Trump left office. Love him or hate him, he knew how to put asses in the seats. By 2024, hopefully we'll be over covid and back to the massive crowds at events. One thing for sure, it's going to be an interesting election!
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Yea I think its primarily because he wants control and have no outside factors. Its not like he can make another account on the different social medias after. From what I have read online, people think its because the first social media he goes to is where everyone will migrate too.
Even the news networks have no choice but to go to these platforms and they won't have their advantages. I am not sure if he wants to run again or not but yea he definitely be a huge focus going forward.
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Sure wish we had Project Blank up and running. A grand opportunity that being missed.
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Yea I think we are also missing a great opportunity. Do you think we will get an update this week on the ETA or progress?
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Honestly? I dont think so.
Let me put it this way: I will be surprised if we do. We will hear more about Cub, I am sure about that.
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I just want them to make sure they get it right before release. However long it takes. That's not the kind of thing you want to fuckup the first week it appears. Especially considering it will be the perfect vehicle for people to troll it.
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Yea but leaving everyone in limbo isn't the best thing to do. I would prefer to know some update of what problems they are fixing. Otherwise all the hype people are doing is going to be wasted and people will slowly lose interest.
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I agree.
Major tactical mistake not being open about things. Just put together a post detailing what is taking place.
Sadly it is the shiny new toy. All posts are about CubFinance even on twitter.
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That is true. We need it to be stable and without bugs. They also need to be able to handle some numbers.
It could see growth like no app we saw before.
The potential is incredible with how it is be structured..based upon what we are told anyway.
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I wonder what the real hold up is, they have been working on it for a while, if I knew how to do that stuff I would volunteer to help, in the spare time I don't have. I'm thinking it's way bigger than I am imagining it to be.
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I am sure it is a monumental task. They are redesigning how the data is laid down. It cant be easy to interact with a blockchain in a completely new manner.
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Remember this date 3/21/21 (at least it is here), lets throw down 1 month predictions for the price of Hive, Leo, and Cub. We'll look back in a month (4/21/21 when this post comes out) and I'll come up with a prize for whoever's closest. 20 Hive or something. Maybe a delegation. Total dollar amount off.
Example. Hive $1.050, Leo $2.100, Cub $3.150. If the actual prices are $1, $2, $3 then you'd be off by 30 cents. Better go to 3 decimals...
Anyone?
I'll start:
Hive .555
Leo 1.456
Cub 7.777
Total 9.788
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Hive -0.70
Leo -1.9
Cub- 6.7
Total: 9.3
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All right , I will go with this
Hive - 0.688
Leo - 1.855
CUB - 5.888
I like this , it is fun :)
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HIVE: 0.425
LEO: 1.25
CUB: 5
Total: 6.675
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Hive .60
LEO 2.00
CUB 15.00
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Here's a question: I was doing the math and at $5 CUB with 28,800 new tokens minted per day, $115M crossing the LeoBridge in either direction provides enough to burn the entire daily supply. Plus it will burn $144,000 worth of Leo. This does not include the burning already being done for fees.
Question 1: What kind of daily volume do you think the LeoBridge can get?
Question 2: What happens if there's more money than Cub to burn?
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They will likely have to adjust the percentage then.
Good question. At the start, not a great deal especially limiting to $1,000 transactions. But over time, if promoted, it can end up with millions per day. If they meet that $100 million market, it could happen. There are billions on Ethereum right now.
Either way, that is going to be outstanding for LEO and CUB holders.
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Also, the $5 CUB will not last too long either. The price will skyrocket under the scenario you painted. The same for LEO.
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Yeah, I just used that as a nice easy number. If they're burning a lot of the new Cub, it won't take long for things to start moving.
I also talked myself out of waiting. lol I wanted to make sure I at least had 1000 Cub so I just went in and bought another 555. I'd be much more pissed if I watched it run away than I will be if it goes down to $2.00. Figured why wait....
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Yeah I need to move some money around but I am looking to add more also.
This is going to be a good one. It also should help the price of LEO a great deal.
Thus there is a double benefit.
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Agreed. I'm really excited for this bridge. I see the icon is set up in Cubdefi. Trade>Exchange>Bridge. I see there are actually more networks on there. Binance, BSC, Ethereum, Tron, and Omni. Not all set up yet. I'm a little nervous because when you "open" the bridge it pops up a Binance US resident disclaimer. Hoping that doesn't impact movement for the US people as that would really put a damper on volume from here anyway....
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I didnt notice, did it go live?
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I think it will depend. Personally I think its whether or not the fees of the LeoBridge are cheaper than any other alternatives and how easy it is to use. So I think the daily volume is probably in the range of maybe $10 million. I think there will be many people running over to take advantage of the exchange rates.
Then the price of LEO and CUB will increase. Eventually the it will stabilize when the the fees match the CUB generated per day.
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Hello friends!
We will have another tokenized community and I really liked to know that it is about films and series. Who in the world doesn't like that?
I believe it must be the first community of its kind to be launched on Hive, without a doubt it will be a real success!
https://www.cinetv.io/hive-167922/@themarkymark/cinetv-airdrop
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Airdrop went to the BRO holders already. The Leo people will get it later today.
So it is more money being distributed.
This is a community that many will be able to be a part of.
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There was probably a minimum amount we needed to hold. I barely started gathering them so I probably got nothing.
The airdrop sure got dropped fast and soon after the announcement.
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For LEO it seems that every 100 tokens would receive 1 CINE.
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Yeah it is 4 BRO itseems to qualify for the airdrop .
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@amr008 said they had a minimum. I didnt see that written anywhere but I didnt read all the posts as closely.
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I received it today and it is very likely that everyone also received it. The advantages of being a hodler are the chances of receiving aidrops :)
As I always say, "Airdrop is life" :)
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What is everyone's opinion on nuclear power?
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I'm hearing about Nuclear Fusion power, which in the future is supposed to produce more energy and less waste than Fission.
I live in-between two nuke plants and wouldn't mind if they were further away from us! :)
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Been hearing about this for 60 years unfortunately. It is always 10 years away.
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Oh yea, that's definitely going to be a game-changer. From what I've read, we are still a bit far away from that but it's really promising.
And I can imagine that it would be nicer to live further away from a nuclear power plant, even though they are a lot safer nowadays.
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Viable. Much safer than what was out there years ago. The next phase will be smaller plants.
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Yes, my thoughts exactly.
Too bad they have a bad name because of the disasters that happened in the past. That really hurts adoption because some politicians want nothing to do with them.
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That is because of the lack of security and lack of proper precautions according to me . The govt always seem to neglect these.
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I think it is good alternative. There may have been some bad situations like Japan but I feel like safeguards have been made and equipment have also improved to be less accident prone. Thus I think the energy is cheap and environmentally friendly enough to be used. The only problem is that the nuclear bombs and the nuclear accidents have made people very fearful.
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Compared to other forms of generating electricity , this is viable and also cleaner . India has been making good progress in increasing its share of generating electricity through Nuclear power , I support it .
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In my latest post I posted some data regarding the CUB in the HE wallet ( which is invalid now )
5000$ worth cub ( current price ) went to trash just because people didn't claim it , what do you feel about this ?
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It is what happens when people are not actively involved. The opportunity was there to claim it but people did not.
Give someone a gift and they do not accept it, who's fault is that?
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Now I am thinking I should have made that post earlier itself so that people who saw ( and if they didn't know ) they would have claimed it atleast.
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Yea I saw and people are just throwing away money. If they didn't want it, they should of just tossed it to someone who wants it and they might get something they want instead.
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Exactly , some might complain that they don't believe in defi or the procedure is not easy etc etc but they could have just sold it atleast.
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Monday is UTOPIS day . 60% APR, did you guys check your wallet ?
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Yea I saw it. 60% APR is still great. It's still great compared to most of the dividend tokens on HE.
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Yeah I agree , compared to others this is actually the best .
We are seeing good returns with brofi but it is too early to say if it can sustain it .
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I think it will even out and I checked the discord. LEO gets 1/2 of the pool, HIVE (2nd place) gets 1/4 and etc. So all the other pools get exponentially smaller. So I expect people to start jumping into the higher pools.
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Yeah? But how come BRO gets distributed more to STEM than Hive ? I guess I'm not calculating something right.
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Its by rank of the BRO holders. I think HIVE is above STEM so I don't think that is an issue. Half of the BRO in the pool goes to #1, 1/4 to #2, 1/8 to #3 and onwards. So STEM was higher up on the list and the % you get is based on your percentage of the delegation.
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Oh okay got it . I wonder why STEM is higher ( maybe because marky voted and he has tons of BRO ) . Seems like a good time to delegate some STEM to it but unfortunately it is all tied up in the engagement project .
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Not yet. Too much to do this morning. Gotta get the comments going. We are a long way from 500. LOL
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Lol okay come soon , we seem to have pretty good number of people online so let's see if we can push this to atleast 300-350 .
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That might be more attainable.
It is amazing how quickly the numbers can grow if we had a few more participants.
With so many on Leo, it is easy to boost the total comments. If each person did 5 more comments a week, that would add like 2,500 more to the total.
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You are right but there is clear lack of intention in majority of the users unfortunately.
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It's good to too see that I am the 2nd content creator here today after @taskmaster4450le.
Today is the first day of exams in my school. Though I will still be available here.
Good morning everyone
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Hope you knock those exams out.
Good luck.
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Thank you
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Good luck with the exams mate
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Thank you brother. I appreciate
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Good luck with exams. I never really liked them but its one decent way to access how much people understand the material.
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Same here, but it is through them that we will know if we are fit for the next levels, even in the real life time
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Good morning everyone, i am really fancy the microblogging ideal; its simple and straightforward.
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Yes. I like the short content since it forces people to get directly to the point. I kind of dislike the people who keeping running circles with vague wording.
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Yes it is. This is our primer until the real thing is released. We are all awaiting Twitter on the blockchain yet it is not here.
For now we are looking to fill up this comment section each day.
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Oooh but anyways this platform is still dope
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Glad you like it.
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We are waiting for it too . I hope it is here soon , we are just practicing over here now :p
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So I was wondering if the people from India could give some opinions? It looks like Tesla is going to have a lot of trouble there to sell cars even if Elon wants to move to his production lines there.
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Maybe @amr008 can share his opinion later :)
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It won't succeed in India as far as I know . There is a lot of infrastructure lacking here too which will pose a big problem but even if that is solved the market is not huge yet , people here aren't yet buying electric cars . Already settled and popular companies like TATA only are struggling to sell theirs so it won't be easy for Tesla but it seems like our govt is in full support for bringing Tesla over here
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Ah that's too bad. I didn't know too much about it but I did remember Ford or some other US company failing. That's why I was wondering if what the video was saying about the troubles was true or not. Your response shows that its likely to fail given the amount of cars are low and the infrastructure is missing for EV charging.
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The whole automobile industry itself isn't doing well right now in India for the past 2 years .
Regarding the infrastructure , yeah only in our national capital we can see sufficient infrastructure requried for Electric vehicles , even in other metro cities it is lacking .
And the Hybrid vehicles are way too costly for an average person .
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Things can change quickly though. Do not underestimate how rapidly infrastructure can be deployed. There is a plant in china where they are building 10K charging stations a year (in addition to the ones in Nevada I believe).
Musk moves very quickly.
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It can happen over here too but a lot of infrastructure projects are already on a halt due to backlash from Environmentalists so it will take time for India to fully setup whats required for Electric vehicles .
If at all it succeeds , I think the Indian manufacturers will have an upper hand because of the subsidies being given to them by various state governments.
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The environmentalist strike again. It's common here in California since they are so stubborn and reject any housing/water solutions.
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Yeah but in some cases ( 2 out of 10 ) the environmentalists are right . Here the government is trying to expand roads in Himalayan mountain region but to be honest it is one of the fragile ecosystem in our country and it is not feasible but the government isn't dropping the project.
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Profits over what's right in the eyes of the government. I am not surprised as everyone has different views. I would think adding infrastructure in the cities to be more important. Once that takes off, people will want roads and it expands slowly.
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By the way, @coyotelation, you got the HP delegation as part of the project that is being done on Twitter. As one who is active there, I presume you were one who got some of the 100K being delegated.
I guess there are a number of people who are getting some delegation for their efforts on there.
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I understood! So it was an initiative through Twitter. Nice to know that and although I only go there because of Hive, it was very worth it 😁
I saw that many benefited but I didn't know it was 100k HP 😲
**Thanks for the information.
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Oh I see , I thought because he was active in Engagement he got the HP , that would have been cool though .
I should be more active on twitter I guess , not for HP but just to promote more , I usually just post my links and retweet others tweet related to Hive and tribes.
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I am not sure it seems like @hathanmars was tweeting about a lot of HP delegation being passed out, like 100K.
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The on again off again dance with crypto by governments.
Now India looks like it could block IP addys of crypto exchanges.
https://btcmanager.com/report-india-block-ip-addresses-cryptocurrency-exchanges/
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I read this just couple of minutes ago but seems like the source for this information is not in high positions and only one of the news media ( business insider ) reported it . I say this is just another "good to get views" article with no content .
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That is good. Glad to hear it.
Anything that promotes the idea of stopping people from being involved in Crypto is trash.
Need full participation from all countries.
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Yeah, especially if you consider countries like India where the younger population is the strength , crypto plays an important part.
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Good to know. I guess its just a clash of narratives between the various factions.
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Aptly put . I wish this meets an end though seriously . It's not fun to keep on speculating the ban.
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I don't understand India. Why stand in the way of innovation? That's how opportunities are lost. They should embrace the innovation and recognize it isn't going away. Be a participant rather than obstructionist. It's going to be a hassle for their businesses to get market share later if the government decides to legalize it years later. A head start is a huge advantage for early adopter businesses.
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Charles Hoskinson is right about one thing: Africa is going to be a huge market for crypto going forward.
Here is an article about blockchain adoption there.
https://cointelegraph.com/news/optimism-abounds-for-crypto-and-blockchain-adoption-at-virtual-blockchain-africa
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I am not surprised. Using crypto gives them a way out of the dollar and gives them more control. However I don't think the banks will want to fully let control of the money printer.
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We touched upon this a bit yesterday but it seems like Nigeria's central bank is not against cryptocurrency.
What is the resistance there? Is it the government? Or is this another wishy-washy situation like we are seeing with other governments?
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The problem we face in Nigeria is the government, always at the throat of the citizens.
Initially they brought out a memo that, if a bank account doesn't make transactions for 6 years, they will assume that the owner is dead and take charge of the money in it.
Then some weeks later they speak of blocking accounts that has any traces of crypto transactions.
All they want to do is, hijack money from any sources possible
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That is no different than any other government. They are full of crooked politicians and bureaucrats.
It is legalized stealing is what it amounts to.
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Our government is the worst, could you believe that during the first wave of pandemic, they asked every one to stay at home for months, they got donations from across the world for Covid-19 relief palliative, money and food, but they stored the foods in different were houses across the country leaving people to starve.
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Same as Indian government and same as most of the other countries government . They want the complete control of money in one way or other .
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I just feel and in a way believe that the Nigerian government has discovered the way profitable cryptocurrency can be and its a currency that can not be traced and its more like they are trying to find a way to control crypto through which is not possible. The central bank of Nigeria would not be happy about the blocking of cryptocurrency payments to the account be it is enhancing more financial stock for them and marketing.
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I think it's wishy-washy situation given the fact that some people like the central banks want to maintain control. They can't print crypto but they can print money.
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True right that just one beautiful thing about crypto that they would never understand 😂😂
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No they cant but we can print crypto.
Funny how people in the crypto industry dont apply the same standards here. We can keep adding money infinitely just like the central banks, pushing the market cap higher, in USD terms, providing the same results that the USD printing gets.
Yet that is overlooked.
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But the future i just see for crypto is that; there would be a time when people would not use more of cash anymore and use cryptocurrencies to purchase items.
Funny enough, before they blocked cryptocurrency in Nigeria. I discovered people started to appreciate trading using crypto not naira e.g like an advert i saw on Instagram about a car dealer saying bitcoin payments is allowed to purchase cars from his company. What i just want to bring out is that this man knows if they buy his market with crypto he would gain double which is buy selling his cars and also gain from increase rates in crypto more like crypto networking or investments.
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They always used to buy the dip before the pandemic, it looks like they are going at it again. Gold usually goes higher when they buy it up.
Bloomberg
Asian Shoppers Snap Up Gold Bangles to Bars Amid Price Slump
https://finance.yahoo.com/news/asian-shoppers-snap-gold-bangles-220000684.html
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Gold prices haven't recovered but I am guessing there were plenty of people looking for some gold as a hedge but didn't want to buy due to the big guys buying them. If this doesn't keep up prices, then those manipulators might push prices down further.
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Hive is getting PUMPED right now. I wonder what's causing it to go up after dropping yesterday. Past 45 cents and still climbing...
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It's nice to see it gaining some support, the people seem to be more active when the price goes up. I never understood that, you earn more Hive with a lower price.
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10000% agree , I always think to myself the same thing . You can earn 2x more Hive if the price is at 25 cents for the same post than when the Hive is at 50 cents . I don't understand people , maybe it's all psychological .
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I think there is more HIVE in the reward pool if the price of HIVE is higher, but there was a lack of activity on HIVE because of the lower prices. Thus less people using the reward pool and a bit more HIVE passed out to those who were using it. This was my understanding given the entire HBD debacle with both sides arguing about the reward pool.
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Yes well the reason you earn more is because less people in the reward pool. If they stuck it out, the payouts would be diminished.
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Seems with a jump like that it is a serious pump. I think we will likely see a fall back into the range it was.
Nevertheless, it does get some attention and provide a bit more faith to people.
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Would be interesting to see what happens after it crosses 50 cents since these numbers see a lot of resistance .
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It didnt keep.
That means the pump was pulled and now the dump.
Didnt seem like an organic run up. Hopefully it holds the range it was in.
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Well anyway I am happy the traders are having fun with Hive because traders are important too for any crypto , am I wrong ?
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They help to move the transaction volume higher which helps to get Hive some attention. Any attention is a good thing.
While it might ebb, it at least puts us on the map for next time that we appear.
So it all helps in the long run.
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Yeah right now I guess Hive is on the radar .
I am actually powering down all my STEEM to move here , I wish I did it earlier but I didn't give much focus to STEEM .
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I don't know but the market is super volatile. HBD price is still pretty high so I expect the price to keep moving up and down a lot. Those traders are running high on speculations so I don't know who decided to pump the price
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Had to be someone big to move it that much.
My guess is those who look at where the orders come from, it was probably out of Korea.
They seem to do that a lot and have the capital to move things on this scale.
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Yea I see that narrative shown a lot but I haven't really dived into the transaction. They do seem to be the most likely culprits though.
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I'm super duper extra late today because I had a ton of stuff to do
How is your journey to becoming a whale going?
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My curation rewards are still fairly small but I think they will add up over time. Maybe you can try asking me in another year lol.
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You'll have to remind me :P
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If I remember. By consistently posting and comment, I'll fill my bags full of HIVE and tokens.
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Here is the @leomarkettalk daily post.
We had a rather down last couple days but it was the weekend and we see to falter there.
Being Monday, let's make up for it. Last week, we were able to top 500 comments.
Today, we aim to top it.
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A tall order but I think we can do it. We need to get off to a good start with a lot of things to discuss.
It seems we get better numbers when the starting comments are higher. Last week I think we had 50 of them.
That is what we need to focus upon.
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I don't know if there is a way that we can bring real content creators who have been on Leo around here.
A lot of them out there, but they don't seem to take part in the micro blog thing we do.
We should let them know that micro blogging is going to be a lead at leofinance once the project blank is unleashed
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It was discussed and promoted. People are not going to change it seems.
We will do what we have with those in here. Most are on discord leaving a lot of comments on there, really adding nothing to the chain.
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It is well, with time they well see what exactly they are missing out on
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I'll try to get some more comments in today and check in more often during the day.
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I am in, though not fully due to my exams, but I will be here.
Exams starts today, but I don't have paper today
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What are you studying if I may ask ?
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Ray Dalio at it again, hitting on Bitcoin.
Although this time he does raise some good points about the Government hitting different assets classes, including Bitcoin, hard. The quest for tax revenue is on.
https://news.bitcoin.com/bridgewater-ray-dalio-government-restrict-bitcoin-investments-impose-shocking-taxes/
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Yea I think they will always be chasing taxes since there has to be some way to pay off all the debt they have. I am interested in how hard they will the different types of assets. As it is now, people don't pay taxes for physical gold or anything like that.
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Dont you have to pay taxes when you sell gold if a gain is realized?
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I am not sure. But I guess a fee is taken if you sell it through a shop or market. However I think some traders could sell direct and skip the entire process of being documented.
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Knowing the IRS, I surmise they will treat all gains as worthy of them getting a piece.
I never heard of being except which wouldn't make sense. I know miners have to pay tax on what they sell the gold for, granted it is on a P/L.
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There probably is but I guess if people manage to trade it in person and avoid the books, they can probably get away with it.
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Charles Hoskinson is a very bright guy. I dont follow Cardano close enough to know what is truly taking place there. However, a lot of his ideas have a great deal of merit.
His latest is the idea of modeling after Kava which could then, in this negative interest rate world, send corporations to better returns through a similar lending platform built on Cardano.
https://dailyhodl.com/2021/03/21/charles-hoskinson-says-cardano-will-facilitate-one-of-the-greatest-wealth-transfers-in-history-heres-how/
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I don't follow Cardano much either but I don't know how well he will maintain this success. What happens if people keep taking loans but have no ability to take them. I need to see evidence backing it first.
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Kava has a huge track record of success. The microlending has near 20 years of achievement. People tend to pay those loans back because they are small and they depend upon them.
There is a rating system similar to Uber drivers but for borrowers. Fail to pay back and a major strike against you.
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True the reputation system is definitely a good way to keep track of users. But I guess they would require some way to verify people unless you want people to make multiple accounts and get many loans.
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I forget how it worked; havent looked at the site in years. They had to be verified through some means.
It wasnt completely just throw money out to whatever profile wanted it.
Plus the individual "lender" could choose from the profile who to lend to.
Perhaps with blockchain, there is more that can be done to link an individual to an account at least.
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Very interesting article about being a reckless spender versus being prudent with decisions.
This can get tough when the spenders are close friends or family.
The answer is very insightful that we are all examples of what to be.
https://www.marketwatch.com/story/our-best-friends-share-our-pandemic-pod-but-their-spending-is-way-out-of-their-league-what-can-we-do-to-help-2021-03-16?mod=mw_latestnews
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Old habits die hard, is amazing how one gets unrest then he knows he has some fortune somewhere. But when there is nothing, we leave with it. Most people are not willing to invest, and it's an act of indiscipline
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You are right. We are creatures of habit. We are also products of our environment thus we often model what we say.
If our family was crappy with money, we tend to be also.
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I think this is nice. Too bad it isn't always true in reality. It may help when you lead by example though.
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No I dont think that is necessarily true. In fact, I dont think most people discuss financial matters that much with close friends or family.
Money seems to be a taboo subject that doesnt get discussed a great deal.
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True. But you know those people tend to brag on what they buy on social media so other people might see it. Then again, its hard to know how much they make unless you know them.
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I'm trying to share my plans with people that are close to me. Now, even more, because I found out about all the opportunities in crypto.
Not easy because they are way too attached to their own vision, but I'll try to tear down the walls brick by brick.
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It is not easy. But the more success you have, the more they might see the vision. It is a hard task to get others to see what is going on.
They will, but in their own time.
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That's true. I believe the more they see how my life is changing, the more real it becomes to them. Good point.
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Be sure to "advertise" it periodically and let them know how things are changing for you.
It will be important to show it over time.
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I guess it is starting to become evident why Dan Larimer left Block.One. It seems that are huge philosophical differences between him and Brendan.
Take a look at their disagreement on DeFi.
https://u.today/blockone-ceo-brendan-blumer-shares-sad-prediction-about-defi-daniel-larimer-disagrees
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Well I don't exactly like KYC either. Just take my money and give me my crypto without making me jump through the hoops.
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No and the idea for KYC to engage in a social media was absurd. I didnt get how they thought that would appeal to people.
My guess all of this stems from the slap on the hand they got from the government. They agreed to be proponents for government oversight in the crypto world in exchange for just throwing a few bucks into Uncle Sam's wallet.
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This is tough news about the founder of Texas Roadhouse. I read his story a while back. Quite a success story.
https://www.bloomberg.com/news/articles/2021-03-21/texas-roadhouse-founder-kent-taylor-dies-by-suicide-after-covid?srnd=premium
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I saw this story as well. Mental health has definitely deteriorated in society after the lockdowns occur. It was to be expected given the fact that we cut off social interaction and had to suddenly change our lives.
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Yep. Numbers that are not recorded. We are entering the point of absurdity with all of this.
The resulting deaths, including from starvation, will far exceed the number that COVID caused.
But then, to a guy like Bill Gates, that is alright with him.
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Personally I hope they keep going in circles. The longer the regulators keep screwing around, the greater the benefit for decentralized platforms.
VC and centralized entities will be leery of entering full force for fear that it will end up in the sights of the SEC.
This means that decentralization has a better chance of taking hold.
https://www.theblockcrypto.com/linked/98916/hester-peirce-2021-turning-point-crypto-speech?utm_source=rss&utm_medium=rss
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I think the biggest problem with people using crypto to do illegal activities is that fiat and banks are caught more often and for bigger amounts. Also on a blockchain, you are literally announcing who you are to everyone else.
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The banks conduct more in illegal activity than all of crypto is worth.
How about Deutsche getting nailed for laundering more than $2 trillion?
That is just one bank.
And people want to talk about illegal activity in crypto.
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Looks like Coinbase might be adding a few more tokens to its CoinbasePro offering.
Seems like they are trying to expand as more is going the decentralized route.
It will be fun to make exchanges like that obsolete.
https://dailyhodl.com/2021/03/21/coinbase-exploring-support-for-43-altcoins-after-addition-of-crypto-asset-cardano/
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I think your right, the DEFI thing is taking a lot of their business away. I wonder if you can still move your coins off of their platform still, I haven't signed into my account in years. they wanted too much KYC for me.
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Yea I agree. But I do like the fact that Coinbase is easy to buy then transfer the crypto to where you want. Most of the other exchanges requires you to go through loops and the ease of fiat to crypto isn't as easy.
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That is what made Coinbase so big. They built a platform that was easy to use. It was genius (actually common sense yet most failed to apply that). The rest were too techie for the average person.
Still hope that DEX take them out.
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Yea its also one of the downside of HIVE and all the other apps linked to also requires things that make it hard. I think LeoFinance was the only exception with LeoInfra.
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Leo is doing a lot to make the user experience much better.
For now, we get to "Enjoy" the growth of the industry from a tech perspective. We are on the not so user friendly phase right now.
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I had a lot of trouble getting my account approved on coinbase a few years ago and after dat I gave up
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Calls for more auditing of DeFi projects.
It seems we are now in a phase where many are calling for more oversight.
Sad that it is coming to this. People want to attract large institutions and I say let them come without catering to them. Fuck em. Build this thing from the bottom up to the point they cant ignore it.
The more wealth we gain from the network effect of individuals, the more value we will have here.
https://cointelegraph.com/news/default-auditing-for-defi-projects-is-a-must-for-growing-the-industry
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I think the audits are unavoidable because people can lie when talking about transparency. I think the biggest problem is the new people jumping into the fire only to find out it was a scam. So if they want to ensure that they won't complaints, they want audits to ensure your not doing anything shady.
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I was wondering why this hasn't happened yet, so much money going into it and no oversite from our Lords? DEFI means Dont Even F@#ck with IT!
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I think the key to DeFi is the overlords cant do much about it.
That is where the decentralized aspect hurts them.
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A decent intro video on Tokenization for newer people. Not bad one...11 minutes long.
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Very good indeed. I liked the comparison between a token and casino chips. Never thought of them that way, but it makes a lot of sense.
Real state tokenization is very interesting too. I think we talked about it here once and I remember I didn't quite get it then, but this video helped to clarify the concept.
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Yes real estate tokenization holds a lot of potential. It can take place in a few different ways.
It is great to see things starting to click. Before long you will be diving deep down this rabbit hole. LOL
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Hehehe yea, I've been learning more by the day. So many possibilities!
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So what do you think about the Olympics with no spectators. I guess it will all be virtual and there goes any luck of Japan getting their tourism money.
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Definitely a huge hit on tourism. I don't have any idea of how money the Olympics usually move, but I'm sure it's a lot
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I think they tend to be like Superbowls. They are money losers for the city that hosts them but the businesses make out. Plus, the city gets an overhaul partially paid for by the different Olympic Committees.
To be honest with you, I havent watched the Olympics in years so I could care less.
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Yup, that's true.
I was one of the many project managers of the Rio 2016 Olympics and I could see that.
Also, many politicians got their pockets filled out of that one
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Yea politicians definitely get their pockets filled. Either by placing their choice of people/businesses and favors to people for tickets.
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And sometimes it's just plain bribery, overpriced contracts and money laundering.
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Not surprising the politicians made bank off of it.
They are the same all over the place. No difference no matter what the political structure or system.
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Yea the amount of money for flights, housing and even tourism is crazy. I think the amount of people jumping into the fire from all around the world helps the entire country's economy.
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That is a costly decision. I know that countries put up big bucks to try and get the Olympics and start upgrades long before the games start. The key is money flowing in, something that isnt going to happen now.
I think the world ought to get use to events like this as we forge deeper into this decade. By the middle of this one, we might not be inclined to visit in person because of the hassle.
Imagine if VR was near to the experience as live. I saw a video yesterday of what VR is starting to look like, I will try and find it.
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Now you're talking. I'd forgotten about The Olympics and Japan will surely take a hit, but the tweet says no foreign spectators. So will it be just local Japanese? or a vast empty stadium?
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If they are like the rest of the world, if they allow spectators, it will be in limited number.
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If we have VR, I think it would completely destroy the entire business models. Then again we might just have virtual cities as tourism for people during the breaks.
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The industry that I often think of as cooked when VR comes about is the seminar/conference industry. There is big money in that (pre COVID anyway) for hotels and event planners.
Who needs that with VR?
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Hookers are going to be the "real" losers when VR hits. lol
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Yeah VR porn is going to be huge, no pun intended.
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Audience and crowd is what makes the Olympics as well as any other sport fun . Although I would still watch it without crowd , it will be less fun and the hosting country will lose a lot in terms of tourism .
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Yea I agree. But I bet you many stores in Japan created Olympics goods for the tourists. So I guess it will be going to waste and all the money these companies pushed for favorable stalls/etc are probably gone.
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Totally , India is thinking of bidding to host Olympics ( in 2032 , it's a decade away ) but it is already making preparations , it is started to build all the necessary stuff for it so it is understandable that those countries which are hosting in the coming years already would have invested so much into it :(
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Didn't think of that but there was probably a lot of money already laid out that will just have to be eaten.
Will further impact the economic situation there.
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Interesting look at the utility industry. Seba can be a bit out there at times but he does have a decent record of sizing things up. He believes there are a lot of assets on utility companies that are going to not provide the return that they thing.
https://www.utilitydive.com/news/analysts-inaccurate-cost-estimates-are-creating-a-trillion-dollar-bubble-i/596648/
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It's an interesting discussion but its also true. Energy costs will continue to go down so its unlikely for the profits to stay the same when competition appears. Not to mention the government subsidizing the renewable energy industry.
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Will Bitcoin reach $1 million this cycle? Will altcoins not survive?
A few views from Dan Held.
The later might be good for Hive since it is moving towards more decentralization in spite of trying to increase the throughput.
https://cointelegraph.com/news/supercycle-may-propel-bitcoin-over-1-million-kraken-s-dan-held-says
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Well it true that the only crypto to probably survive no matter what to be BTC. Everything else is pretty much speculation and it is similar to the question on yesterday's post about the value of crypto. We don't the exact value of anything.
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That is true although the idea that altcoins will succumb to governments and only Bitcoin will withstand it doesnt make a lot of sense to me.
Yes Bitcoin is resilient at this point but I think others are also.
For example, I dont think Litecoin can be taken down either.
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Yes, I think there are quite a few now that will survive. Like I said, I'm not saying they don't have value. Some of them clearly do. And a LOT. My problem is just trying to determine what a good "price" is. The market dictates that but there are so many factors that can mess with belief. IT would just be nice to have some sort of measureable fundamental to go off of.
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Figuring out the value of most anything is hard.
I look at Tesla and I see those who try to value it on the fundamentals and laugh.
There is no way to look at it like that. Now how do we look at it to get a value? That is near impossible too.
So I dont think crypto is so strange. This is changing the way a lot of things are done. That is hard to figure until it happens.
Look at all those who thought Amazon was overvalued at $400.
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Congratulations @leomarkettalk! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
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STOPWhy is my cub not connecting to metamask.
It goes back to homepage when I click on connect, and metamask
Posted Using LeoFinance Beta
Refresh the window. It often does that.
Posted Using LeoFinance Beta
Ok, thank you. I'll keep trying
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In the metamask wallet , have you changed the network to BSC network ?
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Yes, and I added BLEO and cub token
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You were asking for Bleo contract address -
0x6421531af54c7b14ea805719035ebf1e3661c44a
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I issue is from the cub site cubdefi.com
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Do you like movies or television shows?
Here is a new tribe to discuss that.
Read the announcement post.
https://leofinance.io/@brofund/announcing-the-launch-of-cinetv
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Cool! Looks like a great project with a solid team backing it up. I'll definitely be checking it out.
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I think it will be a good one. It has universal appeal since most everyone likes films or television.
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I will talk about Friends lol . I love that show , have watched it numerous times but if people start spamming about GOT I am out .
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LOL it was a popular one that is for sure.
The idea is that is going to have a crosssection of peoples likes.
It is going to be fun to see how it evolves.
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Yeah and I was very happy to hear about the front-end development as first priority ( short term ) and in the post there is explicit mention of moving people from Discord to on chain for discussion about movies , this is what every community owner must aim at .
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Yeah I kept needling Raymond about that and then we came up with the idea of Cinema and someone else added television to it.
So it is a way to get some of that conversation on chain plus enrich people in the process. We will see if the token has any value in the future but it is looking promising.
All good things happening.
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True and if the frontend comes out well maybe other tribes will go ahead and change their UI too . None the less , a good addition to Hive .
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The intent is to change the front end. However, we are now seeing the situation where changing front ends if not easy.
However those with the technical people can pull it off.
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Why do you say "was" ? Here in India the craze for FRIENDS began recently ( maybe 2-3 years ago ) so it "is" popular over here .
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LOL a bit behind the times. That show went off the air 20 years ago.
Joey is now gray on top and Chandler, well he looks a bit like Val Kilmer. He didnt age well at all.
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Yeah I know , I read about them all .
I don't think the show would have ran well over here in 2000s , this is the right time for that kind of show . It runs for atleast 6 hours a day , once the S1 to S10 is completed , they re-telecast it lol .
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Hmm amazing how interests vary and the timing of things. I would have thought that, since it is an old show, that people might watch it in reruns but not like it is first edition runs.
Very interesting.
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It's a great project. I like how they want to build around the existing community rather than create it and add existing people in. Also the no extra burn for different front-end is nice.
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Keep laying is the idea. Take a community and give them more options.
Built in users.
Although I think this appeals to most of the Hive base because it is something that appeals to most.
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@brofi yesterday's APR
CCC APR = 20.315
STEM APR = 121.924
LEO APR = 22.217
CTP APR = 16.694
LOTUS APR = 36.309
WEED APR = 8.934
NEOXAG APR = 39.62
HIVE APR = 25.172
Day before yesterday's APR was -
CCC APR = 20.25
STEM APR = 140.65
LEO APR = 21.80
CTP APR = 19.99
LOTUS APR = 37.09
WEED APR = 9.34
NEOXAG APR = 44.16
HIVE APR = 25.17
Share your thoughts.
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Looks really good to me. Hard to go wrong with Brofi and those numbers. Plus, I'm getting BRO for delegating, right? Or are these the delegations? I can't keep it all straight. lol All I know is it's raining tribal coins!
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What I have mentioned above is the APR for each token .
Ah yes , you are getting BRO for delegating , I pulled numbers for only your account and here it is -
You have delegated 5 tokens and you can see respective BRO you have got in the quantity column .
This is only yesterday's payout .
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Yeah you are getting paid out in BRO. It is a small amount but you can find it in your H-E account.
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STEM's APR is fairly high. I think it will drop as people decide to shift their funds into that pool. I am wondering what today's payout will look like. Do you plan to post it later when they pay out?
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Yeah sure . If you see the payout from brofi , let me know I will get it as soon as they pay .
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I woke up and checked HE and saw the newest payout.
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All right then let me grab the data and I will edit in the same comment above and add it .
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Airdrop of CINE tokens went out to BRO holders. The drop to LEO holders will happen later today.
Check your wallet if you have any BRO tokens and you should have your CINE.
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I have only 2.4 BRO which isn't enough for airdrop :( I just heard that 4 BRO is the minimum , sucks lol .
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Oh really? I didnt know there was a minimum.
Yes it does suck. Well take yourself over to Cinetv.io and start getting involved. I am sure you will get some curation there for active involvement.
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Yeah I will , I will try to see if any Indians are over there lol then I can talk about Indian shows with them .
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Well you are just talking about shows as new while we are calling them "classics". LOL
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I know , I think it surprises you to hear this but my parents still believe it is a new show ( I haven't burst the bubble for them ) lol , they don't watch it but see it in ads constantly .
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LOL they dont know that the actors and actresses in there are now middle aged?
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Check out the latest @leo.stats post to see the stats for this week .
Here is one of the chart , we are doing pretty good :)
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It was a good week. Of course, we had a huge start last week with a 500 comment Monday. That really set the tone for the rest of the week.
I would like to see the Leofinance posts top 10K for the week.
That is a level we have yet to reach collectively.
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Well yeah true that , did you read anywhere what's the current count ?
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I think we hit 9,500 according to the Leo.stats post.
SO we are real close. It can be done with a little bit of action from many people.
If everyone did 3 more comments over the week, imagine what the numbers would look like
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Most of the people just don't wanna put efforts here on the chain .
If all the discussion that happens on discord was here , we would have hit 20k + :(
I wish projectblank has found way to keep the chat continuous , I know it is very difficult but since the LF team already has servers maybe 10-15 messages can be stored and then with 3 second delay they can be posted .
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If not more. There are thousands of comments a day on Discord that all could be on chain.
Project Blank will send things through the roof when it is finally released. We will see hundreds of thousands of "comments" per day in a few months after it goes live.
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Yea we did pretty well and the top three still hasn't changed. I see quite a few people who are actively here sometimes on the list as well.
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BAT looking at making some moves. Join BSC.
Seems to be a trend.
https://coingape.com/breaking-brave-bat-joins-binance-smart-chainbsc-ecosystem-to-expand-its-defi-growth/
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Yea I see many people adopting BAT. It is easy for people to get but I think they need to fix up the entire Uphold wallet stuff since its on ETH. More places to use BAT is more likely to increase the cost of the token itself.
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Yeah I have the token but really cant do much since it is in my browser. I dont use Uphold so am not familiar with it. That said, the transaction fees still eat up too much of what I get.
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Are we going to see more large corporations get involved with Bitcoin.
According to Saylor, there are many more to come.
https://decrypt.co/62328/tesla-square-bitcoin-buys-were-tip-of-the-iceberg-saylor
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Tesla investment in bitcoin has been a big push in the world of crypto.
Tesla being the most talked about company at the moment, his decision has boosted peoples confidence and will speed up the rate at which corporations will invest
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It was a big step. That purchase moved outside the Wall Street/Investment crowd and into the mainstream big Tech crowd.
This is a move that opened the door for a lot of others to move in.
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Indeed, the trust they have in Tesla cars being the wealthiest company at the time made them follow his foot steps.
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I think more will buy into it. However I think most won't switch over until crypto is used more for transaction. Right now fiat is still the main source of payment method because crypto is far too volatile.
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He tends to focus only on Bitcoin so when he talks crypto, he really means Bitcoin.
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Cathie Wood out with a new price target for Tesla. She was the one a couple years ago who called for $4,000 (which it hit using the pre-split numbers). Now Ark updated their target and it is another high projection.
Do you think she will be right again?
https://www.marketwatch.com/articles/cathie-woods-new-tesla-price-target-is-out-and-its-a-doozy-51616251037?mod=mw_quote_news
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I don't know but I honestly don't think she will be right again. The amount of capital that Tesla needs to expand to that position is far too much. Also they lost a few factors that can push price, like being included in the SPY and being profitable. Tesla would require more like a straight line up to maintain it and the economy itself is shaky. Thus expanding into new industries is probably not the best choice right now.
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Reworking the one they are in is enough I think.
They are going to really alter how the entire industry operates in my opinion. The idea of making cars to sell will see absurd by the end of this decade.
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People are really back and forth about crypto.
We were discussing governments and how they change their minds. We saw the Shark Tank guys do the same.
Now the Wolf of WallStreet is doing the same thing.
https://news.bitcoin.com/wolf-of-wallstreet-jordan-belfort-now-bullish-on-btc-says-crypto-asset-will-reach-100000/
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The skeptics keep turning away from the mainstream narrative so I think its good. The problem is how long will it be until the government has no choice but to act. The narrative is starting to change and if the central banks want to maintain control, they have to do something.
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What do you mean? Attacking crypto or getting involved?
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I think I heard that the fed doesn't plan on a CBDC so they need some way to maintain their control over the dollar. Therefore I think they will start attacking crypto like Ripple or pass heavy regulations against our freedom to transact crypto normally. If the dollar falls, the entire government will be in chaos so I think they will probably take more drastic actions if more money leaves the traditional finance systems.
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Is this the direction crypto is heading in?
Has it come to this? Or does the decentralization game change things? Few really understand how things are transforming.
https://dailyhodl.com/2021/03/22/the-inevitable-institutionalization-of-the-cryptocurrency-space/
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While the money is still on ETH, I don't think it would be good to build the coin on ETH with all the fees. Then again, given the money injected, they probably don't have any choice.
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I agree. Ethereum is a chain I would avoid in building anything since there is uncertainty. They might pull it all off but there are questions over the next couple years.
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The Fed Chair and I agree. Except for the backed by nothing part.
https://ambcrypto.com/us-fed-chair-bitcoin-more-a-substitute-for-gold-than-the-dollar/
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Well they need some way to bash crypto. I think the older people like gold, but the younger people like BTC because we got years to wait and they are fine with the speculation. The volatility of crypto is definitely a problem so we need better stable coins.
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As a payment mechanism, I agree it is awful. That is where the stable coins come in. It is why I think the pursuit of HBD as a stablecoin is a worthwhile study.
Millennials are going into crypto because it is still cheap as an investment class. Look at equities and real estate, both are expensive compared to historical norms.
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