Found this gem! CEO of transferwise says bitcoin is dead, April 2016 @ $450 per bitcoin. The irony being now that their competitor square cash app has integrated bitcoin they need to follow suit or get left behind.
Found this gem! CEO of transferwise says bitcoin is dead, April 2016 @ $450 per bitcoin. The irony being now that their competitor square cash app has integrated bitcoin they need to follow suit or get left behind.
Welcome to my overly long TED Talk about Tarkov's overall economy and the balancing issues within itself. First, before I continue with the analysis of Tarkovs economy, let me throw some definitions your way, as understanding these things is very important to understanding what i'm about to explain. FAUCETS Faucets are feature or design decision that puts value into an economy. SINKS Sinks are features or design decisions that take away value from an economy. NETS. Not sure if this is an actual definition, but a Net is something that blocks value from falling into a sink. It's not a faucet, but it acts like one. LOOT ECONOMY The loot economy is essentially the 'FIR Economy'. It encompasses every piece of loot found in raid, even loot taken off of players bodies that doesn't have the FIR tag. THE PLAYER-DRIVEN ECONOMY The player driven economy is essentially the Flea Market. Now it's important to understand what makes an economy sustainable. A stable economy would have to have tons of sinks for players to put their money into, while providing faucets for players to take money from. EFT's faucets include... -FIR LOOT from PMC RUNS -LOOT Gets Vendored -LOOT Gets Sold on Flea (Requires Level 15) -LOOT Gets Crafted Into FIR Items (Requires Hideout) -CRAFTED LOOT Gets Vendored -CRAFTED LOOT Gets Sold on FLEA (Requires Level 15) -CRAFTED LOOT Gets Used -PvP LOOT from PMC RUNS -LOOT Gets Vendored -LOOT Gets Used -FIR LOOT from SCAV RUNS -LOOT Gets Vendored -LOOT Gets Sold on Flea (Requires Level 15) -LOOT Gets Crafted Into FIR Items (Requires Hideout) -CRAFTED LOOT Gets Vendored -CRAFTED LOOT Gets Sold on FLEA (Requires Level 15) -CRAFTED LOOT Gets Used -PvP LOOT from SCAV RUNS -LOOT Gets Vendored -LOOT Gets Used -BITCOIN FARM (Requires Hideout) -And i'm sure many more than i'm missing An economy also needs to have a lot of sinks to keep an economy flowing and stop players from amassing massive hordes of wealth. EFT's sinks include... -Lost Gear from PMC RUNS (Recycles back into the 'PvP LOOT from PMC and SCAV RUNS' Faucets. But for another player.) -Flea Market Taxes -Medical Costs (Optional) -Food Costs (Optional and Minor Sink) -Hideout Upgrade Costs (Temporary Sink, Eventually turns into Faucet.) -Scav Case Losses (Gambling) -and a probably a few more that have slipped my mind. Maybe you can already start to see some issues, and I haven't even started yet. EFT's economy also has Nets, EFT's nets include -Insurance -Armor and Weapon Repairs -Items in Secure Container (Maybe that would be counted here?) EFT's economy is not sustainable. In order for an economy like EFT's to continue, they would need far more sinks to create a sense of scarcity. Veterans say that money is far too easy to make, but that's not the issue, money is far too hard to lose. Ever wonder why you see a lot of squads using meta gear? Its because they all get their insurance back whenever they die, as it only takes 1 surviving member of a 5-man team, to secure his dead squadmates gear, and chuck it in a bush. Eliminating most of a squads expenses. Solo players on the other hand, don't have this luxury, and will use a lot of low-end to mid-tier gear, expecting to lose it, and get it back in insurance, because it's not worth picking up. BSG needs to incorporate more sinks and adjust their nets in a way that fixes it, otherwise the game will forever rely on wipes, and there will never be proper scarcity in the economy. I want everyone to try and remember what it was like when you first booted up the game, had no fucking idea what you were doing, and how i'm sure many of you were scared shitless about losing your last P226 or Grach, and elated about finding a rifle, probably not knowing it shot dog-shit .366 rounds. Now, i've spoken to a lot of new players, and a lot them have this sense of overwhelming anxiety about playing the game once they realise that death has consequences. This anxiety also helps tremendously with selling the games atmosphere, but as people get more experienced and more wealthy, that anxiety goes away, and so does the games atmosphere. Its not possible to put us all back into the shoes of a new player, as a lot of the anxiety is caused by not knowing what the hell is going on or that you have an infinite source of income to the left of your PMC. But it is possible to bring back *SOME* of that anxiety by introducing gear scarcity into the Loot Economy. There is almost no gear scarcity in the Loot Economy for a few reasons. 1. The flea-market allows people to buy whatever they want, whenever they want. -There's a few ways to change this, removing it IS NOT the answer. 2. Playing in a squad tremendously increases your chances of getting your gear back in insurance. 3. Trader prices for Meta gear are far too low and Meta gear is far to easily obtained from raiders, bosses, and players wearing this gear; because it's so easy to obtain. Now these things COULD be fixed, but if you did it would make a lot of gear useless. Because there are more issues. Ammo and armor balance is scuffed. Let me just give a few examples. Everyone wants 7n31. It's a hot new ammo that everyone wants to try out, yet its sold out every trader reset. To counter this, BSG adds it as a craftable in the hideout. Now, it's all over the flea market, but very expensive, at the time of writing this it's 1700 RUB around. Pricey. Now 7n31 coupled with the rate of fire of most of the guns that shoot it, goes through level 4 and 5 like butter, and even level 6 pretty well. But this is where we start to run into issues. By increasing the supply of 7n31 and many other AP ammos, you've essentially massively decreased the effectiveness of many Higher-End armors. "Oh well, that's fine, now newer and rats players have a chance of getting through all these chad armors." Except that's not what happens. Let me use a better example. M62 is $5 a bullet. It completely ignores level 5 and goes through level 6 like butter. It is widely available, and very cheap. Why would you use Level 5 and 6 when going up against this ammo? There is no reason, Level 5 and 6 only slows you down when your up against AP Ammo. That's fine though, this rare and exotic ammo should be able to go through armor like its nothing, that's why I pay exorbitant amounts of money and grind to obtain this ammo. Except its not rare and exotic, its extremely common, with very little work to obtain, and this goes for a lot of the bullets in the game. Most Meta ammos are reasonably affordable and put down level 5 and 6 easily, which begs the question, why would I use Level 5 and 6? Why would I spend 800k on a slick, when someone can spend $5 to ignore it. This goes into another issue that I see a lot of people talking about, the TTK (Time To Kill) The TTK isn't going to be fixed by adding 5 more health to the thorax, it will be fixed when armor actually does something. The only thing 5 more health on the Thorax does is make it more expensive to run AP ammo against unarmored players, and make bolt actions useless compared to DMRs. TTK also effects the New Player experience, a lot of new player will simply spam their little makarov at big bad Altyn man and wonder why it did nothing. That's because armor isn't hard to get either, its harder to get than the ammo that pens it sure, but it's still very easy to get if you know how to get it. Meanwhile that new player is wondering why everyone is going through their cool new level 4 ceramic armor, and they're bullets aren't doing anything. Now if they fixed the the Loot Economy and made armor, ammo and other gear harder to find, it would do nothing, because the traders sell ammo extremely cheap and armor extremely expensive compared to the ammo. Which means armor is going to get burnt, found, repaired and used until that person dies and the armor gets picked up again or scrapped at fence. Now the traders, from what I understand, are supposed to eventually have extremely limited stock and options. However, seemingly, the community hates the idea of sold out traders. I have an aneurysm everytime I see a post complaining about super high-pen ammo being sold out, and then immediately see the supply go up the next day, like what just happened with 7n31. Because you're making. The problem. Worse. Now, I want to believe that BSG will continue with their plans to make an economy based on scarcity, but this community has an issue with crying about a lot of dumb shit. Which, don't get me wrong, if the vast majority agrees that something needs to change, it probably should. We play the game more than the devs, we know what is fun. But when you guys complain about something as sophisticated as tarkov's economy, and you have no idea what you're talking about, thats bad. I wouldn't be making this section of the post, if I thought that BSG would ignore the complaints. But they have this habit of caving in to the community's crys. Please BSG, do not do this. TL;DR: In order to have a good scarcity based economy, BSG needs to have more sinks in the economy to take money out of the hands of wealthy players, and they need to make ammo more expensive compared to the price of armor. The TTK issue is solved by making ammo more rare than armor, community needs to stop crying about stuff they don't understand. Thank you for coming to my TED Talk.
[uncensored-r/Bitcoin] South Korean Cryptocurrency Regulator Found Dead at Home
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Mass banker die off continues as 28 year old Bitcoin CEO found dead. Cause of death blamed on suicide...yet again before any investigation is completed. Tenth death in six weeks in the global financial services sector.
[uncensored-r/Bitcoin] Gov't official in charge of cryptocurrency policy found dead at home
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[Spoilers S7] Here's what we know about the state of Earth before the bombs
Here's a compiled list of what Earth was like pre-apocalypse using details from the show. Jason Rothenberg has said if the prequel gets greenlit, he wants to implement a lot of flashbacks LOST style. These flashbacks may include references to the following:
In Monty's video message he said: "After sucking the Earth dry of oil, they [Eligius III] went looking for another planet to tap." [Episode 5x13]
This is presumably why Eligius I (unmanned), II (manned), and IV (prison labor) were sent to asteroids to mine for hythylodium, an incredibly efficient energy source. Hythylodium was used to power the Eligius III and IV missions. [Episode 5x03]
Other energy alternatives are used, such as solar energy (the field of solar panels Jaha and Murphy see in 2x14). And in 6x04, Ryker tells Raven the propellant they use for the motorcycles is "ethanol distilled from Earth corn."
During Josephine's flashback in Boston 2043, a man walks into a diner holding a mask, brushing dust off his shoulders. Josephine's friend also says "It's really dusty outside." You can see multiple people in the diner wearing masks around their neck. [Episode 6x07]
During Josephine's flashback, the guy that commits suicide mentions that she posted about going to a water-rationing protest. [Episode 6x07]
Gabriel says his mother's water was cut off in Colombia so the rich could water their lawns. [Episode 7x10]
On Callie's TV, a headline says "Yosemite National Park Burns". [Screenshot] Another headline says: "Deadly Heat Wave". [Screenshot] You can also hear the newscaster mention "above 110 degrees." [Episode 7x08]
On Callie's TV, a headline says "Russian Ankovirus Spreads". [Screenshot] The newscaster mentions the US has declared a public health alert. [Episode 7x08]
Becca says ALIE intends to kill 6.5 billion people to solve overpopulation. She's not trying to kill 100% of the population, so 6.5 billion is not the total population count. [Episode 3x16]
On Callie's TV, a headline says "World's 11 Billionth Child Born". [Screenshot][Episode 7x08]
This is abundant when we look at the technologies developed by just Becca and Eligius, such as large space ships, cryopods, sonic drills, brain chips, ALIE, nightblood, etc.
We also see hologram technology. In 2x16, Jaha first meets ALIE in hologram form. In 7x08, it's used as a telecommunication device when Callie speaks to her father and brother.
On Callie's TV, we see a headline "first human brain transplant successfully performed in Bangalore". [Screenshot] Another headline says "Dubai's Alpha Centauri Group debuts first orbital hotel". [Screenshot][Episode 7x08]
Becca Franko, The Tech Celebrity
She was born in 2025 and went to Harvard when she was 10 years old (2035). [Episode 7x08]
In 2043, she started making tech for Eligius at 18 years old. [Episode 6x01]
She owned her own company. We don't know the name of it but we do know it's corporate logo is an infinity sign and its motto is "Seek Higher Things". [Episode 3x07]
People idolized her. The newscaster on Callie's TV said she had "legions of devotees". In 6x07, Josephine had a magazine with Becca featured on the cover. In 7x08, Reese said "Don't mind my sister. She once dressed as you for Halloween."
She owned her own television network. The channel that Callie was watching on her TV has the infinity sign as its network logo. [Screenshot] The newscaster said "The reclusive billionaire and owner of this network made her last public appearance". [Episode 7x08]
On Callie's TV, a headline says "Stock Market Headed For A ..." and it's cut off. [Screenshot] There's most likely a recession going on and stock markets are crashing. You can also see bitcoin (BTC) is worth 4563.44 (half of what it is today). [Screenshot] Also, on top of the pandemic, huge advancements in AI and technology are most likely disrupting businesses and employment as well. [Episode 7x08]
On Callie's TV, we see a headline "Wyoming joins 32 other states in legalizing the recreational use of psilocybin mushrooms". Shrooms. [Screenshot][Episode 7x08]
Battles in U.S. Cities
The Battle of San Francisco was an armed conflict that Shaw recalls watching on TV as a child. During Diyoza's time in the military, she was one of the soldiers helping the evacuation of thousands of refugees. [Episode 5x07]
Resistance Groups & Terrorism
The United Liberation Army (ULA), was a terrorist group dedicated to fighting against the corrupt government that Diyoza became a part of after the military. The ULA was involved in many terror attacks, including an attack on the 4th of July, 2041 (which they took credit for) that killed 80 civilians in a plane bombing, and a suspected metro suicide bombing in Washington D.C., killing 19 civilians in 2042. [Screenshot][Episode 5x04]
Asteroid Mining Penal Colony
The Asteroid Mining Penal Colony was an off-world penitentiary on the asteroid Proxima 6 that used prison labor to mine for hythylodium. After her arrest in 2043 [Episode 6x07], Diyoza was transported to the colony on Eligius IV.
In 2047, she and the other prisoners learned they were to be abandoned on the asteroid due to getting sick from the hythylodium so they took over the ship, damaging one of it's engines and making the ship significantly slower. It would take 109 years to fly back to Earth. Had the engine not been damaged, it's possible Diyoza and the prisoners could've made it back to Earth before the bombs. [Episode 5x03]
This damaged engine can also explain why it took Eligius IV 75 years to travel to Sanctum, while Eligius III presumably got there in shorter time. [Episode 5x13]
Corrupt U.S. Government
Diyoza says to Clarke "When the fascist government tried to take my home, I wanted blood too." [Episode 5x03]
When Reese mentions Callie dropping out of MIT, she says "Refusing to take part in fascistic regimes is my thing." [Episode 7x08]
On Callie's TV, the newscaster says "... when riot police, on orders from the Wallace Administration, moved in to clear the extreme environmental group known as The Tree Crew." [Episode 7x08]
Callie: "Extreme? What a joke. We were there peacefully. They're the extreme ones."
Lucy: "Don't they know they're defending a system that hurts people like them?"
Callie: People want to believe their leaders are telling the truth, which is why we need to get back there and continue exposing their lies.
The US president at the time of the bombs was a Wallace. In Season 2, Dante says "I love you Cage, and there's been a Wallace in this office since the bombs but if I find out that you're lying there won't be one after me". So most likely the Wallace administration and their family were corrupt. They easily decided to do away with democracy in order to have complete control in Mount Weather. [Episode 2x06]
Russell says to Diyoza in 6x03 "Your face is in our history books next to Hitler and Bin Laden". Eligius took part in federal prison labor, so most likely they had close ties with the government. Fascist governments like to vilify their opponents through propaganda. Even though Diyoza was indeed causing violence, she was probably also used as a scapegoat by the government since she was against them. Even Gabriel said in 7x04, "She was a freedom fighter, not a terrorist".
On Callie's TV, the newscaster says "The 11 billionth baby was born in the Wayne County Internment Camp". Internment camps/concentration camps are "camps where persons are confined, usually without hearings and typically under harsh conditions, often as a result of their membership in a group which the government has identified as dangerous or undesirable." [Source]
On Callie's TV, a headline says "Congress's negotiations on economic relief funds at an impasse amidst violent riots ..." [Screenshot]
Cult Mentality & Conspiracy Theories
In 7x10, Gabriel says to Bill Cadogan "Earth was pretty terrible. But it's good for the cult business, am I right?"
According to this article, Bill grew up in poverty. And Jaha mentioned in 4x03 that Bill's father beat him frequently. Bill, a millennial, says in 7x10 that his first job was flipping burgers, dreaming of the day he'd escape. "There must be more to life than politics, the dying ecosystem, the memes." In times of economic hardship and social upheaval, it's easy for people to latch onto certain beliefs.
Callie says Bill's a vulture capitalist who "traded his precious credibility to become a prophet of doom". She also called him a cultural artifact thief. He found and stole the Anomaly stone from Machu Picchu and in 2042, he started studying it. [Episode 7x08]
It's unknown when Bill founded the Second Dawn, but we know a news article was written about them in 2042, saying that only those with lots of money could "unlock the twelve seals" since it required payments of over $10 million to the cult. [Episode 4x03]
That's what I got. If you spotted anything else from the show, feel free to share! :) Edit: Thanks everyone for the kind words and the awards! Also, thanks to clwrutgers for asking me to make this list.
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