Modern currencies – Kopa Runescape 2 Gold http://www.koparunescape2gold.com/ Sat, 08 Jan 2022 02:05:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.koparunescape2gold.com/wp-content/uploads/2021/07/kopa.png Modern currencies – Kopa Runescape 2 Gold http://www.koparunescape2gold.com/ 32 32 Curious about Ethereum, HUH Token and Shiba Inu? Here’s what you need to know https://www.koparunescape2gold.com/curious-about-ethereum-huh-token-and-shiba-inu-heres-what-you-need-to-know/ Fri, 07 Jan 2022 18:35:23 +0000 https://www.koparunescape2gold.com/curious-about-ethereum-huh-token-and-shiba-inu-heres-what-you-need-to-know/ As the competition among cryptocurrencies becomes more intense, it is evident that buyers, investors, holders, are looking on the internet for something that can answer and allay their concerns … sometimes, too much choice is just too much and can. sending the hard drives into our brains short-wire, spark, and ultimately turn us away from […]]]>

As the competition among cryptocurrencies becomes more intense, it is evident that buyers, investors, holders, are looking on the internet for something that can answer and allay their concerns … sometimes, too much choice is just too much and can. sending the hard drives into our brains short-wire, spark, and ultimately turn us away from the cryptocurrency market altogether.

Ethereum, HUH Token, and Shiba Inu are some of the cryptocurrencies that find their name in the news, on Reddit forums, and generally in the hustle and bustle of cryptocurrency news.

So it’s no wonder that you are here reading this article wondering, for lack of a better term… what is going on in this crazy market known only as crypto?

It can be quite simple when the noise that fills the internet is slowed down and stopped for a moment, and the statics of silence allow a brief respite from the incessant noise of instant buys and skyrockets.

Believe me, this is a noise that I often try to block out too … so I tried to build an article that gives you the meat and potato variation of cryptocurrency journalism, as opposed to to paid content more often than not we all wish would come to air for a while or two.

Examine why the internet, forums, and general discussions around Ethereum, HUH Token, and Shiba Inu might be valid, and why a pause in the noise is needed for buyers, holders, and investors to take a close look at these cryptocurrencies.

Getting to know Ethereum

Ethereum is one of the biggest altcoins in the cryptocurrency market and for this reason it has received full character of bad press, admiration, and everything that goes between the pillars of truth, gossip and rumors.

However, with paid ads, some disgruntled and disgruntled holders, and the onslaught of the free press, it can be difficult to get the basic root of what Ethereum is and where it fits in the market. cryptocurrencies.

Ethereum started off with a pretty serious and well-intentioned start, where its creators wanted to generate blockchain technology that could be used for many different aspects of the modern world and help improve such a world.

Like the invention and model of the common seat belt by a Volvo engineer, the Ethereum blockchain was created and most importantly available, to anyone who wanted to use it in the hope that others could add capabilities to it. use that Ethereum themselves had not even considered.

This was then mined by hundreds of other altcoins, like HUH Token and Shiba Inu which exist on the Ethereums blockchain … which means ETHER is one of the most widely used and accessible blockchain currencies and technologies. to the world … a worthy and often triumphant rival of Bitcoin (founded in 2009).

Ethereum, beyond the countless words of others, has many amazing attributes and for this reason it is easy to see why many cryptocurrency investors are turning to ETHER.

Recently, Ethereum entered its Arrow Glacier period where it worked to drastically reduce its power consumption, which was once so high that it deterred the ever-conscious consumer from investing more … although ‘it seems Ethereum’s main goals are to achieve a cryptocurrency balance where they can see the potential of blockchain technologies that can help the world.

Man’s Crypto Best Friend: Shiba Inu

Shiba Inu entered the scene, for the most part, like a coin, directly targeting the best dog of the time (2020) Dogecoin … managing to make his way to the post and dodge the scam rumors and what seems like a slowdown but steady start.

It appeared that the influence has a great influence on cryptocurrencies and from there something new was born in the crypto sphere and it was the increasingly popularized idea, value and essence of ‘a same room.

This has spurred the creation of many more, because, with all currencies the same, it allows investors with smaller amounts … in other words, any investor who is not a Whale investor can influence influence. and therefore the value of a cryptocurrency.

Something, which otherwise was relatively unknown and difficult to achieve.

Shiba Inu has added marketing value to an already saturated cryptocurrency market, although it now appears that there is an unhealthy plethora of jargon-packed rhetoric on the internet that it’s hard to know what a simple pump-up tactic and what is usually good advice or just a look at the world of cryptocurrency.

Shiba Inu re-energized the cryptocurrency world when it launched in the summer of 2020, however, it spawned an attack of countless ruthless and often brazen attempts to achieve the same with other cryptocurrencies … which might not have worked so well for them.

One model is not for everyone.

Shiba Inu has recently taken steps to enter the metaverse and provide better control to SHIB holders over their cryptocurrency investments and this has been greatly and happily received by all and has even boosted crypto in the market. .

The curious beginnings of HUH Token

It appears that HUH Token entered the market during one of its many bullish states, and for this reason appeared to soar instantly and with it purchased with the admiration of many HUH Token holders, although the The fanfare seemed to falter when rumors of a scam hit the internet like carnivorous birds of prey in search of a fresh meal.

Despite countless attempts at rectification, the words scam and HUH Token are synonymous, the multi-chain cryptocurrency has managed to remain a favorite with holders and continues to exceed expectations from day one.

HUH Token recently made their multi-channel dreams come true… in which the token exists on Binance and Ethereum… which means that the idea of ​​a scam is moving further and further away from HUH Token and its creators.

The cryptocurrency market is often volatile, but can also offer a passive income stream … although it is always ready to observe that no matter what I or other cryptocurrency authors say, it is always better. to make up your own mind about something that is, at the moment, largely unregulated.

Such discoveries can be found in the links below, where conversations exist about tokens and coins like The Telegram and you can also find roadmaps for cryptocurrencies as well as a plethora of copies. interesting and informative.

Website: https://huh.social
HUH Official Exchange: https://swap.huh.social/

Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/

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Emirates News Agency – AJD Hosts Forum on “Legal System of Cryptocurrencies from the Perspective of International Experience” https://www.koparunescape2gold.com/emirates-news-agency-ajd-hosts-forum-on-legal-system-of-cryptocurrencies-from-the-perspective-of-international-experience/ Thu, 06 Jan 2022 09:55:00 +0000 https://www.koparunescape2gold.com/emirates-news-agency-ajd-hosts-forum-on-legal-system-of-cryptocurrencies-from-the-perspective-of-international-experience/ ABU DHABI, January 6, 2022 (WAM) – “Legal System of Cryptocurrencies in International Experiences” was the title of the international forum organized by the Abu Dhabi Judicial Department (ADJD) to discuss newly designed systems around the world and exchange views and ideas on how to develop legislation that responds to these developments. The forum was […]]]>

ABU DHABI, January 6, 2022 (WAM) – “Legal System of Cryptocurrencies in International Experiences” was the title of the international forum organized by the Abu Dhabi Judicial Department (ADJD) to discuss newly designed systems around the world and exchange views and ideas on how to develop legislation that responds to these developments.

The forum was organized under the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Abu Dhabi Judicial Department, to apply best legal and judicial practices that enhance the business environment in line with the UAE’s vision for the next 50 years.

In his opening speech, Advisor Ali Al Shaer Al Dhaheri, Director of the Forensic Inspection Division, stressed the importance of discussing the issue of the legal system of cryptocurrencies as an important topic given its impact on global markets. It was necessary to consider all aspects related to these currencies and the risks they carry, making it necessary to define a legal and legislative framework to protect users and regulate their use in accordance with financial and economic regulations adopted around the world.

Judge Sultan Al Neyadi, President of the Abu Dhabi Commercial Court, discussed the effect of technological, financial and monetary advances on the judicial and legal environment, particularly in light of the challenges posed by digital currencies and the questions that they raise on the legality of their circulation. They form a virtual digital monetary system parallel to the traditional system which aims to achieve universality of exchanges through them, with the inherent risk of being used for the purposes of money laundering, criminal activity or tax evasion. , in addition to the difficulty of confiscating or finding them due to the ease with which they are obtained by creating online accounts which are otherwise ultra-secure with user data completely obscured.

He also mentioned the risks associated with the use of cryptocurrencies with a possible exposure to hacking or infiltration in the absence of an equivalent value for this currency. It calls into question their credit guarantees, the impossibility of compensation in the event of a claim for any reason whatsoever. Their confidentiality obscures their actual data, resulting in tax losses for countries due to the lack of precise information regarding this type of currency. In addition, the unavailability of specific controls on this issue deprives users of protection against increased hacking operations, as users have no binding disclosure and reporting obligations as is the case with decided procedures. by central banks, he said.

Clayton J. Conlan, a judge of the Superior Court of Justice of Canada, reviewed the evolution of digital currencies over the past 12 years, their use in the public domain and their rise in value, as well as the problems associated with their weakening of the role of the authorities by circumventing established controls. Therefore, work needs to be done to find a certain balance between encouraging innovation under specific controls and controlling these technological innovations. This is the challenge that governments around the world seek to meet by strengthening controls and preventing their use in criminal operations, he added.

Adviser Ehab Ebrahim, of the Judicial Inspection Division, provided an update on the legislative scope of the forms and modalities of circulation of cryptocurrencies and the risks they pose to the financial sector. He highlighted the difference between cryptocurrencies issued by individuals or unknown entities and currencies issued by central banks and traded by licensed companies. He said this requires expanding the scope of modern legal theories to include all cryptocurrency transactions and regulate the relationship between the user and the trading platform.

British Judge Naveen Agnihotri, of the Abu Dhabi Commercial Court, discussed the legal system of cryptocurrencies in several countries, the applicable legislation governing cryptocurrencies and the companies that market them, in addition to government policies and the general approach to their regulation, as well as the regulators and the penalties that regulators may impose for violations related to these assets.

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Shiba Inu can be like a wild banknote, which is not a terrible thing https://www.koparunescape2gold.com/shiba-inu-can-be-like-a-wild-banknote-which-is-not-a-terrible-thing/ Tue, 04 Jan 2022 11:11:05 +0000 https://www.koparunescape2gold.com/shiba-inu-can-be-like-a-wild-banknote-which-is-not-a-terrible-thing/ Recently, one of the main news specific to Shiba inu (CCC:SHIB-USD) is that the underlying team has released a beta of their Decentralized Autonomous Organization (DAO) with the goal of giving SHIB users greater control over cryptocurrency projects and pairs on the ShibaSwap platform. Source: Maria Shipakina / Shutterstock.com The point of mentioning this is […]]]>

Recently, one of the main news specific to Shiba inu (CCC:SHIB-USD) is that the underlying team has released a beta of their Decentralized Autonomous Organization (DAO) with the goal of giving SHIB users greater control over cryptocurrency projects and pairs on the ShibaSwap platform.

Source: Maria Shipakina / Shutterstock.com

The point of mentioning this is not to get into a discussion of DAOs, which Cooper Turley, a subject matter expert, describes as “an Internet community with a shared bank account.”

Rather, I would like to address a much more fundamental point: Shiba Inu, as his creative team mentioned, is not just a coin.

The community is legitimately trying to create an ecosystem around SHIB tokens. For many, it’s reminiscent of when the United States had its own proliferation of private currencies, with the most offending variety labeled as wild banknotes.

Although the sources that I have used to draw comparisons between cryptos like Shiba Inu with the private notes of the time seemed to suggest that decentralized currencies lead to failures, I have recently found other sources that do. vehemently oppose this characterization.

Some even go further, offering a rather diametrically contrasting point of view.

Perhaps the most credible of this overhaul of private or wild notes comes courtesy of Lawrence H. White, senior researcher at the Cato Institute and professor of economics at George Mason University since 2009. White has provided evidence that both United States that around the world, private currencies have had a to success mandate.

Notably, White mentioned that Canada had a lightly regulated banking system until 1935, when the country established a central bank. Until then, Canadian banks have remained strong despite various economic troubles, including the paradigm-shifting Great Depression.

Can SHIB and other cryptos provide a modern equivalent?

Shiba Inu is not 100% speculative but maybe quite close

Citing the work of economic historian Kevin Dowd, White noted that the supposedly true record of most historic free banking systems was “considered a reasonable, sometimes quite remarkable, success.”

Additionally, White wrote the following:

Specifically, [Dowd] note that they “were not prone to inflation ”, showed no signs of natural monopoly and stimulated economic growth by improving the efficiency of payment practices and intermediation between savers and borrowers. These plural note systems emit that were Panic-prone, like those in the pre-1913 United States and pre-1832 England, were not because of competition but because of legal restrictions that severely weakened the banks.

In this context, which, according to White, is the exact image of what is called the wild bank, it seems that Shiba Inu could benefit from a historical precedent, for lack of a better expression. It appears then in the analogue age as now in the digital age that people prefer “efficiency in payment practices and in intermediation between savers and borrowers”.

If that’s honestly the case, then maybe – just maybe – Shiba Inu could survive and thrive as a digital asset and ecosystem. And if not SHIB, certainly other renowned cryptos.

However, I still think people should be extremely careful with Shiba Inu and all other virtual currencies. While I may have to concede some points from my earlier arguments – given those revelations I wasn’t aware of earlier – I remain troubled by the idea of ​​investing too heavily in decentralized protocols.

It is almost certain that the successful wild banknotes had stable valuations that were acceptable to both parties at face value. But when valuations can fluctuate at a magnitude of 50X, such volatility inherent in many speculative cryptos does not look encouraging for long-term viability.

The debate is not quite over

Among critics who compare banknotes like the Shiba Inu to wild banknotes, George Selgin, senior researcher and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute and Emeritus Professor of Economics at the University of Georgia, appears be the most upset.

Among other claims, Selgin claims that the wild banking scandalous stories are exaggerated. If this is really the case, he has every right to be upset.

The problem for me is that if wild banking weren’t so damaging to the American monetary system – or if it was a positive experience to go to the other end – these “contrarian” researchers have serious concerns. battle to be accomplished.

For example, the official Nebraska government website notes how wild notes “issued by certain Nebraska territorial banks have caused considerable financial instability.” It is possible that the pro-savage researchers (my term, not theirs) are absolutely right. However, I will find it difficult to contradict the statements of a state government.

At this point, I think the one thing we can universally agree on is that when it comes to studying history to determine the future trajectory of risky investments like Shiba Inu, due diligence does not occur. is not negotiable.

I have presented both sides of the argument. The rest is up to you.

InvestorPlace does not regularly post reviews on cryptocurrencies with a market cap of less than $ 100 million or of a volume of less than $ 100,000 every day. This is because these “penny cryptos” are frequently the playground for crooks and market manipulators. When we post a comment on low volume crypto that may be affected by our comment, we request that InvestorPlace.comThe editors of s are disclosing this fact and warning readers of the risks.

Read more: How to Avoid Popular Cryptocurrency Scams

As of publication date, Josh Enomoto did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.

Former Senior Business Analyst for Sony Electronics, Josh Enomoto has helped negotiate major contracts with Fortune Global 500 companies. Over the past several years, he has provided unique and essential information for the investment markets, as well as for various other sectors, including law, construction management and health.

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Enjoy the classic dice game at CryptoGames – CryptoMode https://www.koparunescape2gold.com/enjoy-the-classic-dice-game-at-cryptogames-cryptomode/ Sun, 02 Jan 2022 13:33:50 +0000 https://www.koparunescape2gold.com/enjoy-the-classic-dice-game-at-cryptogames-cryptomode/ One of the most publicized means of online entertainment these days for many is online gambling. This is a big part of the digital changes in cultural aspects. Entertainment media has become a growing industry that not only offers new age entertainment with the latest technology, but also opens doors to unexplored advancements. Online gambling […]]]>

One of the most publicized means of online entertainment these days for many is online gambling. This is a big part of the digital changes in cultural aspects. Entertainment media has become a growing industry that not only offers new age entertainment with the latest technology, but also opens doors to unexplored advancements. Online gambling is so important now that many digital currencies like cryptocurrencies are currently activated on the platforms. Therefore, many experienced and new gamers are poised to explore the new-age entertainment medium without delay. However, as the new digital methods are offered on the websites, many lose their true concept which reflects the traditional and immortal gaming culture which is irreplaceable. Under flashy games, online casinos bury heavily designed games that cannot attract users for too long. But it will also be wrong to say that there aren’t any big crypto-based online casinos that offer light games on their websites. For anyone who is a fan of classic gambling with old school game concepts, then crypto casinos like CrytpoGames are perfect. Of all the worthy competitors online, this one stands out particularly for its simplicity and classic entertainment through its choice of games. Each of the games at the casino are top notch and lightweight. They thoroughly carry the true essence of classic gaming, and this can be reflected in the goals of the games. Of the 9 crypto games they offer, Dice is perfect for beginners. So read along to find out how you can find the ultimate experience for classic gaming through CryptoGames‘De.

Back Game history

For many years, Of has been used as a device that decides the outcome of a game, a bet, or sometimes even to predict the future. This is one of the most versatile methods to increase the intensity or thrill of any game. If you are a fan of board games like Snakes and Ladders or Monopoly, you know very well how. the dice are used in different games. However, in these games you have to rely on the following result after each throw. But in the modern version of the game, the developers of CryptoGames have decided to add a little touch to the traditional method. In gambling, since you have to bet against your luck, it is obvious that you will make your predictions in advance in many cases. As with the dice, this rule is applied. Which brings us to-

Objective of the dice

In the crypto version of Dice, you will be playing against your luck. This means that you must first make your predictions on the outcome of the dice and then place the bet. If your prediction comes true, you will win. In the game, you will have a choice of two options. These options will require you to either roll over a specified amount or roll under the specified number. Now let’s see the-

Guidelines for dice

  1. If you have not been registered at the casino or have not created a fully activated account, then complete the registration process as a first step. This will allow you to make deposits to your deposit addresses, withdraw payment, or even use the exchange system to convert your coins. However, if you don’t want to start using your real funds yet, you can also choose to complete the basic registration and then use the available play money currency.
  2. You will be able to play dice for a small house edge of just 1%. This means that no matter which payout multiplier you choose and how much bet you place, you will get a good reward if you have a winning bet.
  3. After you have completed your registration and settings, you can then continue playing the game. Before you roll, adjust a few settings for your dice and both conditions. This means that depending on the parameters of your bet, the casino will offer you two conditions to choose from.
  4. In your fit, make sure you start with a bet amount that you are sure to put on the stake. It is advisable to start small so that you can first master the game before making any bold moves. After adjusting the bet amount, go to adjust the payout multiplier. This will affect your chances of winning. For example, if you are aiming for larger payout amounts, then you will be less likely to win your bets. And if you choose smaller payout amounts, then you have a better chance of winning. From 0.000 to 99.999, choose any multiplier that suits your confidence.
  5. Once you have set the payout multiplier, the casino will then show you two numbers or, as we mentioned above, conditions to choose from. You will receive two numbers and you will need to choose one. Considering the payout multiplier and the odds of winning, predict the outcome and place your bet. So roll the dice!
  6. If your prediction was correct, you will win based on the payout multiplier you adjusted before the game started. Otherwise, you will have 0 payouts.
  7. As we mentioned above, the casino offers you the option of placing your bets using its in-game currency. So if you are unsure of the game procedures, be sure to use the cash fictitious as much as you want!

Where to find fictitious money

The in-game currency can be won through the casino’s built-in tap. This feature is a unique feature of CryptoGames that rewards all players to take a look at the ins and outs of the system without using their own money at the start. There is a specified number of tap requests available every 24 hours. The number will depend entirely on your level of player. If your player level is the highest, you will get up to 60 available tap requests each day. While PlayMoney may be available with a higher number of requests per day, abuse of the feature will turn it off for good. And in severe cases of tap abuse, your player account will be blocked. Hence, be sure to avoid the continued withdrawal of your play money winnings from the tap.

In addition to play money, you can use these 10 cryptocurrencies available for the game:

  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Dogecoin
  • Ether
  • Classic Ether
  • Monero
  • Hyphen
  • GAS
  • Solana

Now, if you are new to CryptoGames, you might be confused as to how the transaction system works. In addition to its normal transaction systems for deposit and exchange, CryptoGames has built new systems that are easier to activate. Here is our brief description of the whole system-

Regular methods

Right after completing the full signup process, you can go to the Your Account tab and then configure your deposit and withdrawal addresses. The two addresses will be different from each other and you can configure them according to your preferences. Then using them you can start depositing your cryptocurrencies and converting them into credits. And if you win, you can withdraw your rewards using the withdrawal addresses you provided. For regular exchanges, you can simply go to the Exchange tab under Your Account and choose the cryptocurrencies to trade from. Convert then.

The new methods

For fiat currency users, CryptoGames has enabled credit card deposits through Onramper. The new method is a third-party fiat-crypto gateway aggregator, which allows players to purchase their favorite cryptocurrencies using their credit cards. The system is available for a specified number of cryptocurrencies from now on, but we hope it will expand to provide more options. Another new method of transaction is the futuristic exchange system which allows users of different cryptocurrencies to convert their funds into any of the cryptocurrencies available on the website. This system is available through ChangeNOW, a highly reliable crypto exchange platform. On the platform, you will find over 250 crypto coins so that you can trade your cryptocurrencies without any additional stress.

The dice have more to offer

The jackpot

In CryptoGames’ Dice you will be able to play for the progressive jackpot hosted by Dice. This will allow you to aim for larger gains in all your bets! Your bets can win the Jackpot if they meet the following conditions:

  • The dice roll returns as a winning roll of 7.777 or 77.777. These numbers are considered the lucky jackpot numbers.
  • The amount of the bet placed and the profit returned (combined) must correspond to the lower amount indicated by the game (this amount will vary depending on the cryptocurrencies)

If you win the Jackpot, you will receive 100% of the prize if your winning amount exceeds the stated amount. And if the winning amount is lower, then you will receive a proportional share of the Jackpot. The corresponding amount will be set at a minimum of 1%.

Revamped version

If you’ve become a fan of the classic version of Dice and want to explore a little more advanced version of the game, you can check out DiceV2. This is a creation completely redesigned by the casino. Still offering the classic concept of the game and a familiar goal, DiceV2 also gives you a wide range of potential outcomes. Find out more by checking out the games on the website!

The classic CryptoGames dice are for everyone

As an impartial casino, CryptoGames has ensured fair treatment of all player bets on board. Therefore, if you are a beginner level player, rest assured that spending on Dice will be done without any fear of getting ripped off. The game is as simple as it gets and will pay you a fair profit on every winning roll. As part of the growing culture of online gambling, CryptoGames has activated many new features in its casino. Needless to say, the games have also adapted a lot of new design patterns that will appeal to advanced level players as well as newbies. But thanks to the simplicity, every game on the website can be explored by anyone. And Dice will always be the only game that will keep you entertained and expand your curiosity about the modern world of crypto games. With or without experience, anyone can count on Dice and 8 other games on CryptoGames to help them explore the entertainment medium further.

Links of interest

CryptoGames: https://crypto.games/

Forum: https://forum.crypto.games/

Facebook: https://www.facebook.com/CryptoGames/

Blog: https://blog.crypto.games/

Twitter: https://twitter.com/Crypto_Games

BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=750760

Discord: https://discord.gg/Z6tD7kD

Looking to advertise? We will be happy to help you publicize your project, business or service. CryptoMode produces high quality content for cryptocurrency companies. To date, we have provided branded exposure to dozens of companies, and you can be one of them. All of our customers appreciate our value for money. Contact us if you have any questions: [email protected]

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Young journalists abroad victims of false information about Turkey https://www.koparunescape2gold.com/young-journalists-abroad-victims-of-false-information-about-turkey/ Fri, 31 Dec 2021 21:05:00 +0000 https://www.koparunescape2gold.com/young-journalists-abroad-victims-of-false-information-about-turkey/ On the spot, it is relatively easy to understand the enormous strides made by modern Turkey since the start of the new millennium – it seems that a whole new nation-state has formed in which its citizens and the government have redefined the meaning of the term “participatory democracy”. When you meet people, ask questions […]]]>

On the spot, it is relatively easy to understand the enormous strides made by modern Turkey since the start of the new millennium – it seems that a whole new nation-state has formed in which its citizens and the government have redefined the meaning of the term “participatory democracy”.

When you meet people, ask questions and listen to their answers, you quickly realize that this form of democracy, this unique model of living together instead of living side by side is truly cherished by all who inhabit this proud country. .

In this context, there is a group of professionals in particular who benefit from a visit or stay in Turkey: members of the media, whether they are active on television, in print, online or online. the radio.

Of course, journalists must be curious by default, but there is more to it. The job requires a determination to look at a problem from many different angles and perspectives and never take no for an answer.

Last week was a great time to be in the country and yet quite a difficult point as well. It was like living on another planet: what was happening there was the exact opposite of what many foreign media were telling their audiences in their country. At stake: the supposed fall of the Turkish economy. Rest assured, it turned out differently. Please let me explain.

‘The end is near’

As if a fully functioning market economy does not depend on the global financial situation, and as if this is not true for all of these fully functioning market economies, a remarkably large cohort of foreign commentators has reported for some time that the pound Turkish was in free fall. while quietly neglecting all other economic upheavals occurring in almost all post-pandemic societies. As always, only Turkey is in difficulty.

It usually took a paragraph or two (unless the title says it right away) before readers, viewers and listeners knew the reason: of course, it was President Recep Tayyip Erdoğan who destroyed the economy and therefore its nation alone.

As with everything else, the audience has come to associate currency fluctuations and the related impact on people’s purchasing power with Erdoğan. But naturally, this association is only allowed as long as something negative needs to be reported, which means only one in 100 issues is dealt with by the president. The remaining 99 positive subjects who should be associated with Erdoğan never see the light of day (of publication).

Yes, the Turkish Lira has certainly had some trouble, and no one would deny that it has lost significantly against the US Dollar and many other currencies. As a result, Turkish citizens find it increasingly difficult to travel to, for example, the euro area, and companies have to deal with outstanding requests for financing in foreign currencies to pay their bills. In addition, private consumption has indeed become more expensive.

But the Turkish economy rebounded, and what many overseas disparaged as a politician interfering in the economy was exactly what stemmed the tide. A new business model has been put in place to stimulate the economy by allowing affordable interest rates while dramatically increasing the minimum wage. Other measures have accompanied these laudable efforts, notably by allowing investments in lira to generate returns similar to those on deposits in dollars. Soon the result became crystal clear: it is possible to influence exchange rates and monetary values ​​with national monetary policies. What is more, these national monetary policies have shown the world that although all democracies are irreversibly intertwined on a global scale, it is still possible to disconnect from exchange rate manipulations and thus stay away from troubled waters.

It will definitely take some time for full normalization and balancing with various currencies, but it will work.

Please accept my apologies for not going into too much monetary detail in this opinion page contribution, as the state of the Turkish economy has been used primarily to make a point – welcome to the bizarre world of fake news about Turkey broadcast abroad.

Turkey’s critics unite

When the pound gained ground, the media in Turkey reported the facts as they had done before. No one ignored the issues a few weeks ago, and now no one has ignored the sensational twist. Careful examination of various publications and television channels has highlighted this trend; analysts discussed developments in the monetary situation and falling consumer prices. Of course, these developments did not happen all at once, so caution was in order. In principle, however, the tone was optimistic, complimenting what some analysts would call unorthodox monetary policies but with a journalistic smile because they worked perfectly well.

Meanwhile in Europe

Until now, the headlines continued to report the lira’s free fall, that lowering interest rates hadn’t worked, and so on. This is certainly correct for many segments of the German media. The search for a change in attitude by the media has been unsuccessful. Even after the government succeeded in stemming the currency and thus the tide of the price index, published articles continued to downplay the positive developments, indicating for example that the crisis is continuing and that it will be costly enough for the country. Turkish government. New research this very morning produced, once again, all of those previous negative comments (with or without a direct link to Erdoğan), and at most, one or two were slightly more moderate, like “wait and see”.

What kind of title would an objective commentator expect? What kind of article would a curious European reader appreciate? What sort of coverage would allow the public to better understand how Turkey is handling such a monetary situation?

Perhaps “the Turkish economy is rebounding”, or “new monetary policies of governments are showing early results”, or “foreign currency exchange rates may be influenced by domestic policies – Turkish success”. Admittedly, the first example of a title is rather neutral but still factual; accepted, the second imagined example is factual but optimistic; and of course, the latter imagined an example for a title that is a bit exaggerated but ultimately still factual because it is indeed a huge success for government policies when a certain currency gains almost 40 points in such a short time or n ‘is this not ?

If only for a few isolated incidents one could ignore all this, but somewhere, somewhere out there in the land of European media (and unfortunately even more so in the land of German-speaking media) must be a law no writing which, before you can become a leading contributor or editor, you must indeed abide by the rule that “everything modern Turkey plans or does is wrong” and “everything Erdoğan plans or does is false “.

Mention that the Turkish currency is having issues, of course, but please also mention when these issues have been properly resolved. One-sided reporting distorts the picture, distorts reality.

And this has a ripple effect on our entire profession and in particular on young budding colleagues who wish to become writers or reporters. If the publication you work for, and almost every Turkish story today is negative, would you really dare to submit a positive review to your own editor?

And to make matters worse, if the public sees only negative news about Turkey, there is the danger that one day the public will think it’s real. Therefore, negative or fake news about Turkey shapes negative public opinion about modern Turkey. This in turn creates far-right (or even far-left) populism, Islamophobia, xenophobia and hatred against an entire state and its people. Incitement to hatred in society should be prohibited and, indeed, it is also illegal.

Hopefully, like foreign currency manipulation abroad, false information about Turkey abroad will one day become a thing of the past (journalistically).

Sabah’s Daily Newsletter

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What it is about? https://www.koparunescape2gold.com/what-it-is-about/ Thu, 30 Dec 2021 04:00:00 +0000 https://www.koparunescape2gold.com/what-it-is-about/ The metaverse, according to Mark Zuckerberg or Satya Nadella, is the future of the Internet December 30, 2021, 10:00 a.m. Last modification: December 30, 2021, 10:19 AM While it’s only been a few months since the rebranding of Facebook, the discourse around the metaverse has already taken off. Photo: Bloomberg “> While it’s only been […]]]>

The metaverse, according to Mark Zuckerberg or Satya Nadella, is the future of the Internet

December 30, 2021, 10:00 a.m.

Last modification: December 30, 2021, 10:19 AM

While it’s only been a few months since the rebranding of Facebook, the discourse around the metaverse has already taken off. Photo: Bloomberg

“>

While it’s only been a few months since the rebranding of Facebook, the discourse around the metaverse has already taken off. Photo: Bloomberg

To a certain extent, discussing what the Metaverse means is like discussing what the internet meant in the 1970s.

At the time, a new medium was in sight, but no one knew exactly what it would look like until it happened.

The internet has come a long way since Tim Berners-Lee co-invented the WWW (the World Wide Web) in 1989. However, since it was not an end product, its evolution has continued. And obviously what we mean by the Internet today is very different from what was initially conceptualized.

Lately, we were first introduced to the word metaverse after Facebook rebranded itself as Meta, in an effort to reflect the company’s ambitions with the metaverse.

And all of a sudden, there’s a wave of talk, speculation, and prediction regarding the Metaverse.

What is the metaverse?

The metaverse, according to Mark Zuckerberg or Satya Nadella, is the future of the Internet.

“The next platform and medium will be an even more immersive and embodied internet where you will be in the experience, not just watching it, and we call that the metaverse,” Zuckerberg said after revealing the rebranding. of the company.

Soon after, Microsoft also unveiled its take on the metaverse. CEO Satya Nadella said in a video on Twitter:

“The Metaverse not only transforms the way we view the world, but also the way we participate in it. As the digital and physical worlds come together, we create a whole new layer of platform, which is the Metaverse. “

The term “metaverse” is often attributed to Near Stephenson’s dystopian science fiction novel, Snow Crash (1992). The author imagined the interaction of realistic 3D avatars in virtual realities.

The term metaverse, however, is ambiguous and does not refer to a single type of technology. Rather, it is in a broad way of how we use and engage with some of modern technology.

For starters, the Metaverse is a universe that only exists on the Internet – 0 and 1 in computers – and you can access the place with VR headsets.

You could call it cyberspace or virtual world or digital world. Just like in our universe, we exist physically, in the metaverse, we can exist virtually.

Infographic: SCT

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Infographic: SCT

Infographic: SCT

Moreover, in the world of virtual reality, there is not a single “metaverse” that exists. There are several virtual realities built by different tech companies.

For example, Facebook’s Horizon Worlds and Microsoft’s Mesh are independent of each other. Horizon Worlds and Mesh are separate virtual reality platforms.

In addition to this, the metaverse is a focal point for emerging technologies such as AI, VR, AR, blockchain technology and its digital currencies, and NFTs. In fact, all of these technologies are gearing up to power the metaverse.

Thus, the term metaverse has become a sort of global name for “virtual universe” and its associated technology, such as AR, VR, AI, crypto, etc.

What’s going on now?

The idea of ​​virtual reality or augmented reality is not something new. Likewise, the Metaverse isn’t science fiction, and it’s not even new.

What’s new is the renewed attention Facebook has led among other big, cutting-edge technologies trying to reflect its ambitions in the metaverse.

While it’s only been a few months since the rebranding of Facebook, the discourse around the metaverse has already taken off.

We already get a glimpse of what a metaverse might look like in Mark Zuckerberg’s short promo video.

As Meta CEO Zuckerberg predicted, it will take five to ten years for major Metaverse features to become mainstream.

While many features of the Metaverse now exist, from VR headsets to a permanent online virtual presence, they are not yet universal. Being expensive, the technologies behind the concept are not widely available to average consumers.

It’s like the early days of the Internet. And just like the Internet, it will continue to evolve. As the Metaverse grows and evolves, it will provide you with a hyper-real alternate reality.

An important distinction from what Zuckerberg envisions with the Meta rebranding is the centralization of all VR platforms.

The notion of a centralized virtual environment, of a “place”, which coexists with the real world has become popular this year. Then again, a universe where all digital worlds connect and interact is always a thing of the future.

What does the future hold?

A glimpse of the metaverse can already be seen in online game worlds like Fortnite, Minecraft, or Roblox. Millions of people play virtual social games like Roblox and Fortnite every day.

In these open world games, human-like avatars build houses, work, buy stuff, and do just about everything we humans do.

Supporters of the Metaverse envision its users to work, play, and stay connected with friends, family and colleagues. People would participate in concerts, office meetings and virtual trips.

Meta imagines a virtual world in which virtual reality headsets are used to link digital avatars for business, travel or leisure. Additionally, Zuckerberg believes it could replace the Internet or that it is the future of the Internet.

Non-fungible tokens (NFTs) and cryptocurrencies based on blockchain technology have sparked a resurgence of interest in digital ownership, making persistent virtual experiences more common.

Steven Speilberg’s 2017 film “Ready Player One” is probably the closest example of the metaverse. Set in a dystopian world, the protagonist, who lives in Ohio like everyone else of his time, finds meaning in his life in the Metaverse.

Their mundane existence is boring and mired in trouble. The Oasis – that’s what the movie’s metaverse is called – gives a chance to escape reality.

What could be the impact of such a metaverse in our real world?

Let’s see what the protagonist of the film has to say about his time:

“Except to eat, sleep and go to the bathroom, whatever people want to do, they do in OASIS. And since everyone is here, this is where we meet. This is where we are. we make friends. “

In another time, he said, “This is a place where the limits of reality are your own imagination. You can do anything, go anywhere. Like the vacation planet. Ride a 50ft monstrous wave. in Hawaii. You can ski the pyramids. You can climb Mount Everest with Batman. People come to OASIS for all they can do, but they stay for all they can be. “

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The Paranoid Style in American Investing https://www.koparunescape2gold.com/the-paranoid-style-in-american-investing/ Tue, 28 Dec 2021 06:06:56 +0000 https://www.koparunescape2gold.com/the-paranoid-style-in-american-investing/ The year 2021 will be remembered as the year in which the markets collapsed into a rabbit hole and entered financial wonderland: a once elitist company has grown more populist, tribal, lawless and often downright bizarre. . Retail investors have eclipsed hedge funds, crypto has taken on fiat currencies, and financial flows have crushed fundamentals. […]]]>

The year 2021 will be remembered as the year in which the markets collapsed into a rabbit hole and entered financial wonderland: a once elitist company has grown more populist, tribal, lawless and often downright bizarre. .

Retail investors have eclipsed hedge funds, crypto has taken on fiat currencies, and financial flows have crushed fundamentals. Goodbye stocks, hello stonks: memes count now.

Here’s a taste of the madness: Entrepreneur and social media puppet master Elon Musk has become the richest person in the world. Tesla Inc.’s market capitalization exceeded $ 1.2 trillion, more than the other nine largest automakers combined.

One of those others, Rivian Automotive Inc., went public in November and only started generating revenue recently. It was soon valued at $ 150 billion.

Hundreds of Special Purpose Acquisition Firms, or SPACs, have together raised more than $ 150 billion to find a company to go public, often their goals being more of a business plan than a company.

Cryptocurrencies, most of which have no intrinsic value, were at one point collectively worth over $ 3 trillion. A symbolic, non-fungible (NFT) work of art – in this case, a JPG file by an artist named Beeple – sold at a Christie’s auction for $ 69 million.

Ailing video game retailer GameStop Corp. and the movie chain AMC Entertainment Holdings Inc. climbed to 2,450% and 3,300%, respectively, when Redditors coordinated online to punish hedge funds that gambled on the disappearance of the companies. (1)

And because there is no gold rush without pickaxes, retail brokerage Robinhood Markets Inc. and cryptocurrency exchange Coinbase Global Inc. have become two of the biggest initial public offerings in the world. year: at their peak, they were valued at 59 and 75 billion dollars. (In December, the home of WallStreetBets, Reddit Inc, announced that it had confidentially filed for an IPO)

Investors have invested $ 1,000 billion in cash in equity funds over the past 12 months, more than the combined inflows of the past 19 years. At its peak in January, retail investors accounted for nearly a quarter of U.S. equity trading, according to Bloomberg Intelligence.

An estimated 16% of American adults have invested in crypto, according to the Pew Research Center; for men in their twenties, this proportion is closer to half. In 1929, shoe-shiners gave tips; teenagers today ask their parents to open a crypto trading account on their behalf.

The brief explanation for all this feverish activity is that thanks to stimulus measures by the central bank and the government, far too much money is flowing through the financial system. The aggregate money supply has increased by $ 21 trillion since the start of 2020 in the United States, China, the euro area, Japan and eight other developed economies. “Stocks keep going up” is not just a tongue-in-cheek slogan – it is essentially about the experience of young investors over the past decade. And so they ignore the nosebleed valuations and buy the decline.

But something has also changed in the culture of investing. It’s no longer enough to admire a company or asset and buy the stock or token. Some of the biggest trends in investing have become an extension of personal identity, similar to your religion or your sports team. Sometimes that connection is obvious: Starting on Christmas Day, the home of the LA Lakers will be renamed Crypto.com Arena. Footballer Tom Brady has launched his own NFT collection.

These moves can be fun and challenging, but the financial super-fandom can quickly turn toxic. I’m concerned that the same forces that diminish modern politics – partisan divisions, widespread mistrust, social media echo chambers, disinformation, culture cancellation and conspiracy theories – are seeping into the investment world, where they are. distort the allocation of capital, inflate a series of bubbles and challenge the ability of regulators to protect investors and markets.

Bloomberg

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Saudi Arabia announces 332 new cases of COVID-19, one more death https://www.koparunescape2gold.com/saudi-arabia-announces-332-new-cases-of-covid-19-one-more-death/ Fri, 24 Dec 2021 13:03:13 +0000 https://www.koparunescape2gold.com/saudi-arabia-announces-332-new-cases-of-covid-19-one-more-death/ MAKKAH: Agriculture is the oldest and most adaptable industry in the world, and some of the earliest cultivation techniques are still widely used. But as nations face future challenges, authorities are turning to more modern concepts and ideas to ensure their citizens are fed. Saudi Arabia, for example, is exploring the use of vertical agriculture […]]]>

MAKKAH: Agriculture is the oldest and most adaptable industry in the world, and some of the earliest cultivation techniques are still widely used. But as nations face future challenges, authorities are turning to more modern concepts and ideas to ensure their citizens are fed.

Saudi Arabia, for example, is exploring the use of vertical agriculture as one of the innovative solutions to ensure that enough crops are grown to keep pace with growing demand. The Ministry of Environment, Water and Agriculture has allocated 100 million RS ($ 27 million) to develop and localize vertical farming technologies.

As the name suggests, vertical farming is an agricultural process in which crops are grown in layers stacked vertically rather than horizontally distributed in traditional rows across the fields. This approach requires much less space and results in higher crop yields per square foot of land used.

Vertical farms are mostly located indoors, in structures such as warehouses, where the environmental conditions necessary for plants to grow to their full potential can be carefully controlled.

In Saudi Arabia, the National Research and Development Center for Sustainable Agriculture (Estidamah) plans to form global partnerships with pioneers in this field and introduce vertical farming facilities to localize this modern farming technique.

“Besides being a source of fresh crops for city dwellers in particular, vertical farming is seen as a promising way to provide crops to keep pace with the ever-increasing population of the Earth, which is expected to exceed 9 billion people. by 2050, ”Abdulrahman Abdullah Al-Soqeer, Qasim University faculty member and Estidamah board member, told Arab News.

“The importance of vertical agriculture lies in the small space it requires, especially in large cities that experience large waves of migration; two in three people are expected to live in urban areas over the next few decades.

“A key benefit of vertical farming is the provision of a variety of agricultural products, especially leafy vegetables and strawberries, in small areas and with less water and in an environmentally friendly manner. . Some crops can be produced in locations close to consumers, reducing the need to transport the produce by traditional means that increase pollutants in cities.

Besides being a source of fresh crops for city dwellers in particular, vertical farming is seen as a promising way to provide crops to keep pace with the ever-increasing population of the Earth, which is expected to exceed nine billion people by 2050

Abdulrahman Abdullah Al-Soqeer, Qasim University faculty member and Estidamah board member

“The global vertical farming market is growing rapidly, especially in some densely populated developed countries. “

Faleh Al-Juhani, an expert in vertical farming, told Arab News: “The aim of vertical farming is to obtain as much food as possible and to expand the variety of crops by creating exceptional climatic conditions through at which we can increase the production rates per square meter. , as long as the right conditions are available in terms of lighting, durability, growth and design.

He explained that vertical farming takes place in a large building. A combination of artificial and natural light is used to achieve the necessary levels of photosynthesis, he added, and aerobic or hydroponic methods and the organic matter of some plants are used to grow the crops.

QUICKDO

This modern farming technique, in which crops are grown indoors in vertically stacked layers, could prove vital in efforts to feed growing urban populations.

Vertical farming helps achieve sustainability, Al-Juhani said, by reducing some of the costs involved in traditional farming and saving more than 90 percent of the water used.

He echoed Al-Soqeer’s observations on the expected growth of urban populations. With around 80 percent of the world’s population expected to live in urban areas by 2050, Al-Juhani said the demand for food in these places will increase and the efficient use of vertical agriculture will be an important tool. to meet this challenge.

It allows the production of bountiful crops throughout the year, which is especially important, he added, because in Saudi Arabia, as in other countries, many traditional crops are affected by the cold, causing supply shortages that can lead to price increases. which can be difficult to control.

Al-Juhani said that in addition to specialized facilities, vertical farming could be adopted in homes, on rooftops and on balconies.

“It’s an easy and enjoyable method, despite our deep belief that nothing can match the efficiency and quality of the soil,” he said. “This is why many countries around the world have resorted to radical and crucial solutions and have succeeded in this regard.”

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Visualize the $ 94 trillion global economy in one graph https://www.koparunescape2gold.com/visualize-the-94-trillion-global-economy-in-one-graph/ Wed, 22 Dec 2021 18:42:37 +0000 https://www.koparunescape2gold.com/visualize-the-94-trillion-global-economy-in-one-graph/ The $ 94 trillion global economy in one graph See the expanded version of this infographic. Only four countries – the United States, China, Japan and Germany – account for more than half of world economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the United States alone is […]]]>

The $ 94 trillion global economy in one graph

See the expanded version of this infographic.

Only four countries – the United States, China, Japan and Germany – account for more than half of world economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the United States alone is greater than the combined GDP of 170 countries.

How do the different economies of the world compare? In this visualization, we take a look at GDP by country in 2021, using data and estimates from the International Monetary Fund (IMF).

An overview of GDP

GDP serves as a general indicator of a country’s economic output. It measures the total market value of final goods and services produced in a country over a period of time, such as a quarter or a year. In addition, GDP also takes into account the output of services provided by the government, such as money spent on defense, health care or education.

Generally speaking, when GDP increases in a country, it is a sign of greater economic activity that benefits workers and businesses (while the reverse is true for a decrease).

The world economy: top 50 countries

Who are the biggest contributors to the global economy? Here is the ranking of the 50 largest countries by GDP in 2021:

Rank Country GDP (T $) % of world GDP
1 WE $ 22.9 24.4%
2 China $ 16.9 17.9%
3 Japan $ 5.1 5.4%
4 Germany $ 4.2 4.5%
5 UK $ 3.1 3.3%
6 India $ 2.9 3.1%
seven France $ 2.9 3.1%
8 Italy $ 2.1 2.3%
9 Canada $ 2.0 2.1%
ten Korea $ 1.8 1.9%
11 Russia $ 1.6 1.7%
12 Brazil $ 1.6 1.7%
13 Australia $ 1.6 1.7%
14 Spain $ 1.4 1.5%
15 Mexico $ 1.3 1.4%
16 Indonesia $ 1.2 1.2%
17 Iran $ 1.1 1.1%
18 Netherlands $ 1.0 1.1%
19 Saudi Arabia 0.8 $ 0.9%
20 Swiss 0.8 $ 0.9%
21 Turkey 0.8 $ 0.8%
22 Taiwan 0.8 $ 0.8%
23 Poland $ 0.7 0.7%
24 Sweden 0.6 $ 0.7%
25 Belgium 0.6 $ 0.6%
26 🇹🇭 Thailand $ 0.5 0.6%
27 Ireland $ 0.5 0.5%
28 Austria $ 0.5 0.5%
29 Nigeria $ 0.5 0.5%
30 Israel $ 0.5 0.5%
31 Argentina $ 0.5 0.5%
32 Norway $ 0.4 0.5%
33 South Africa $ 0.4 0.4%
34 WATER $ 0.4 0.4%
35 🇩🇰 Denmark $ 0.4 0.4%
36 Egypt $ 0.4 0.4%
37 Philippines $ 0.4 0.4%
38 🇸🇬 Singapore $ 0.4 0.4%
39 Malaysia $ 0.4 0.4%
40 Hong Kong SAR $ 0.4 0.4%
41 Bangladesh $ 0.4 0.4%
42 🇨🇱 Chile $ 0.3 0.4%
43 Colombia $ 0.3 0.3%
44 Finland $ 0.3 0.3%
45 🇷🇴 Romania $ 0.3 0.3%
46 🇨🇿 Czech Republic $ 0.3 0.3%
47 Portugal $ 0.3 0.3%
48 New Zealand $ 0.2 0.3%
49 Peru $ 0.2 0.2%
50 Greece $ 0.2 0.2%

AT $ 22.9 trillion, U.S. GDP makes up about 25% of the global economy, a share that has actually changed dramatically over the past 60 years. The finance, insurance and real estate sectors ($ 4.7 trillion) contribute the most to the country’s economy, followed by professional and business services ($ 2.7 trillion) and government (2.6 trillion billions of dollars).

The Chinese economy is second in nominal terms, hovering around $ 17 trillion in GDP. It remains the world’s largest manufacturer in terms of production with extensive production of steel, electronics and robotics, among others.

The largest economy in Europe is Germany, which exports around 20% of the world’s motor vehicles. In 2019, global trade accounted for nearly 90% of the country’s GDP.

The world economy: the 50 smallest countries

At the other end of the spectrum are the world’s smallest economies in terms of GDP, primarily developing countries and island countries.

With a GDP of $ 70 million, Tuvalu is the smallest economy in the world. Located between Hawaii and Australia, the largest industry in this volcanic archipelago is based on territorial fishing rights.

In addition, the country derives significant income from its “.tv” web domain. Between 2011 and 2019, he won $ 5 million every year from companies, including Amazon-owned Twitch, to license the Twitch.tv domain name, which is equivalent to around 7% of the country’s GDP.

Countries Region GDP (B)
🇹🇻 Tuvalu Oceania $ 0.07
Nauru Oceania $ 0.1
Palau Oceania $ 0.2
Kiribati Oceania $ 0.2
Marshall Islands Oceania $ 0.2
Micronesia Oceania $ 0.4
Tonga Oceania $ 0.5
Sao Tome and Principe central America $ 0.5
🇩🇲 Dominica Caribbean 0.6 $
🇻🇨 Saint Vincent and the Grenadines Caribbean 0.8 $
🇼🇸 Samoa Oceania 0.8 $
🇰🇳 Saint Kitts and Nevis Caribbean $ 1.0
Vanuatu Oceania $ 1.0
🇬🇩 Granada Caribbean $ 1.1
🇰🇲 Comoros Africa $ 1.3
🇸🇨 Seychelles Africa $ 1.3
Antigua and Barbuda Caribbean $ 1.4
Guinea-Bissau Africa $ 1.6
Solomon Islands Oceania $ 1.7
Timor-Leste Asia $ 1.7
🇱🇨 Saint Lucia Caribbean $ 1.7
🇸🇲 San Marino Europe $ 1.7
🇨🇻 Cape Verde Africa $ 1.9
Belize central America $ 1.9
Gambia Africa $ 2.0
Eritrea Africa $ 2.3
Lesotho Africa $ 2.5
🇧🇹 Bhutan Asia $ 2.5
🇨🇫 Central African Republic Africa $ 2.6
🇸🇷 Suriname South America $ 2.8
Aruba Caribbean $ 2.9
Burundi Africa $ 3.2
Andorra Europe $ 3.2
South sudan Africa $ 3.3
Liberia Africa $ 3.4
Djibouti Africa $ 3.7
Sierra Leone Africa $ 4.4
Eswatini Africa $ 4.5
Maldives Asia $ 4.6
Fiji Oceania $ 4.6
🇧🇧 Barbados Caribbean $ 4.7
Somalia Africa $ 5.4
🇲🇪 Montenegro Europe $ 5.5
Guyana South America $ 7.4
🇹🇯 Tajikistan Asia $ 8.1
🇰🇬 Kyrgyz Republic Asia $ 8.2
Togo Africa $ 8.5
Kosovo Europe $ 9.0
Mauritania Africa $ 9.2
Rwanda Africa $ 10.4

Like Tuvalu, many of the world’s smallest economies are found in Oceania, including Nauru, Palau, and Kiribati. In addition, several of the above countries depend on the tourism industry for more than a third of their employment.

Fastest Growing Economies in the World in 2021

With 123% Projected GDP growth, the Libyan economy is estimated to experience the strongest growth.

Oil propels its growth, with 1.2 million barrels pumped daily in the country. At the same time, exports and a depressed currency are among the main factors in its recovery.

Rank Country Region

Real GDP growth in 2021 (annual change in%)

1 Libya Africa 123.2%
2 Guyana South America 20.4%
3 Macau Asia 20.4%
4 Maldives Asia 18.9%
5 Ireland Europe 13.0%
6 Aruba Caribbean 12.8%
seven Panama central America 12.0%
8 🇨🇱 Chile South America 11.0%
9 Peru South America 10.0%
ten Dominican Republic Caribbean 9.5%

The economy of Ireland, with a projection 13% real GDP growth, is supported by the world’s largest multinational corporations. Facebook, TikTok, Google, Apple and Pfizer all have their European headquarters in the country, which has a corporate tax rate of 12.5%, about half the global average. But those rates are set to change soon, as Ireland joined the OECD’s agreement on the 15% minimum corporate tax rate that was finalized in October 2021.

Macau’s economy has rebounded after COVID-19 restrictions began to lift, but new thunderstorm clouds are looming on the horizon for the Chinese district. The CCP’s anti-corruption campaign and recent arrests may signal a more strained relationship between mainland China and the world’s largest gaming hub.

Looking to the future of global GDP

The global GDP figure of $ 94 trillion may seem huge to us today, but such a total may seem much smaller in the future.

In 1970, the world economy represented only about 3 trillion dollars of GDP, which is 30 times less than it is today. Over the next thirty years, the world economy is expected to more or less double again. By 2050, global GDP could reach nearly $ 180 trillion.

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Japan throws good money after bad https://www.koparunescape2gold.com/japan-throws-good-money-after-bad/ Tue, 21 Dec 2021 06:15:40 +0000 https://www.koparunescape2gold.com/japan-throws-good-money-after-bad/ By Makoto Nishibe, Senshu University and Adrian Black, 360info (Eds: EMBARGO: 07:00 IST 12/22/2021) Kawasaki (Japan), December 21 (360info) Japan, a pillar of the monetary society, goes digital as as the pandemic pushes payments into a new paradigm. Money is always king. But since 2011, the cashless payment ratio has more than doubled, and in […]]]>

By Makoto Nishibe, Senshu University and Adrian Black, 360info (Eds: EMBARGO: 07:00 IST 12/22/2021) Kawasaki (Japan), December 21 (360info) Japan, a pillar of the monetary society, goes digital as as the pandemic pushes payments into a new paradigm.

Money is always king. But since 2011, the cashless payment ratio has more than doubled, and in 2020, cashless payments made up 29.7% of consumer spending in Japan.

Several private payment systems based on QR codes have been in operation since 2018 and are now in fierce competition as consumers use their smartphones to conduct contactless transactions.

The current leading system, PayPay, had around 25 million users as of February 2020.

This trend intersects with community currencies – currencies issued locally to encourage growth and development – to reduce both the rate of COVID infection and the outflow of currency from communities.

Japan has a mature ecosystem for community currencies, which it has been experimenting with since 1973.

The goal of the Volunteer Labor Bank was to support female volunteers in childcare and health care, and would offer one point (about 400 yen) to volunteers per hour of service.

A decade later, the program has been replicated in other parts of the country, with varying degrees of success.

Gresham’s Law – that “bad money drives out good (money)” – explained the tendency of the public to accumulate legally undervalued coins, while circulating legally overvalued money.

Gresham, an English merchant and financier living in the 1500s, explored the debasement of minted coins. But the concept of “good money” is increasingly applied to modern digital currencies such as cryptocurrencies.

Hayek, an economist writing four centuries after Gresham, argued that a currency can become “good money” when several currencies of different quality compete with each other and offer consumers a choice.

In this case, he argued, “good money drives out bad”.

Today, digital community currencies such as Sarubobo Coin in Hida Takayama Town and Aqua Coin in Kisarazu Town are spreading in local communities and aiming to become ‘good money’.

To encourage their use, employees of local government, local institutions and chambers of commerce receive these coins as part of their monthly payment packages.

Whether they will be able to create a virtual local market for local currency in the local community and achieve regional development is another question.

If the circulation of these currencies can expand from the consumer goods market to include capital goods, capital goods and labor, then these digital currencies will be on the way to becoming “good money”. in their communities.

What is this for you? Both Sarubobo Coin and Aqua Coin are pegged to the yen, providing stability that many other digital currencies like cryptocurrencies do not enjoy. However, the principle of choice of currency does not apply when currencies are monopolized by the State and legal tender is dominant. The “one nation, one currency” institution of modern money still prevails.

For currency selection to apply, currencies must have different measure denominations, and their exchange rates do not have to be fully fixed.

The question is, is this the right time to be pegged to a native currency? For relatively low circulation digital community currencies, the answer is almost certainly yes. However, the balance sheets of central banks across the world have grown rapidly as countries strive to support their economies in response to the COVID crisis.

The Bank of Japan, as part of its Abenomics policy, continued quantitative easing (QE), or an unlimited supply of currencies with negative interest rates, with the aim of reaching an inflation target of 2 %.

Japan has seen two prime ministers since Shinzo Abe, but its approach to monetary policy has remained largely unchanged.

The weaker yen improved the performance of exporting companies and inflated stock prices. However, inflation did not happen as expected because banks did not increase their lending to provide deposit money to the market, due to the risks of lending in a sluggish economy.

The government’s inflation targeting policy aims to improve the economy by increasing nominal prices through an increase in the money supply despite the lack of favorable investment opportunities.

Elsewhere, fears of above-target inflation fueled by supply chain shocks from the pandemic have dragged markets as fears of the Omicron variant are addressed and uncertainty reigns.

Will this cause native currencies to “hunt” the currencies of the digital community? Or will the need to support local communities catalyze a revolution in the adoption of community currency? Time will tell if Gresham’s or Hayek’s Law will apply. (360info.org) AMS AMS

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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