Inflation, what inflation? There is no inflation.
In this day and age, it’s not really a surprise that there has been a heated debate over how to increase the price of gasoline. The simple fact is that when combined with increasing fuel economy standards, these costs are becoming prohibitive for many consumers. As a result, gas has become a key part of our everyday lives. Someday soon, though, we’ll all be able to drive hybrid or electric vehicles. And sooner than later, we’ll be able to buy much more expensive gasoline at the pump. This means that politicians will have to take some action in order to prevent higher prices from becoming permanent fixtures of our daily lives. But when inflation started to be politicized, you will have to accept the high inflation but take a bigger hit of your paycheck while the government probably will have no solutions for a very long time.
What is the latest galactical debate concerning fuel prices?
While there are plenty of topics that can be discussed about the truly essential nature of money, it’s no secret that the price of oil has greatly increased in the last decade. And yet, the price of oil has remained relatively the same each and every year. This means that most of the attention has been focused on what happened in the oil and gas sector in the previous year.
The problem with constant inflation
One of the most discussed topics in the debate surrounding the future of gas prices is the increasing price of oil. Currently, the price of oil is peaking at $123.7 per barrel. This increase in price can be attributed to both rising demand for oil and the recovery of global markets but with limited supply to increase the price.
That has been said, the cheap energy era may have ended, and you will have to pay a higher price to catch up of lacking higher prices in the past decades. Similar to all scenarios of the costs from food to consumer goods.
Oil and gas exploration and production
There is much more to the debate surrounding the price of gas than just the amount of oil that is being produced. As more and more people are able to access the oil and gas sector, demand for the products will increase. But because of the monopoly, the price of energy has been controlled, and people are dependent on and have to pay whatever the price will be.
One of the areas that have consistently challenged the notion of increasing the price of gas is tax policy. On one side, there are those who believe that increasing the tax rate on income and assets is a great way to lower overall fuel costs. On the other side, there are those who believe that both the price of oil and the market value of oil should be increased in order to generate more revenue for the government.
How to increase gasoline prices
There are a number of ways to increase the price of gas. One of the most popular ideas is to pass a fuel discrimination law. Currently, many states have such a law on the books, but it’s still a very far off possibility. Additionally, it’s not clear how or when the legislation would be enforced.
Polling that doesn’t work anymore
Finally, there is the question of polling that doesn’t work anymore. While it’s certainly possible to conduct market-research-based surveys about the current state of the market, doing so without any incentives is definitely a recipe for disaster.
The price of gas has increased dramatically over the last few years. At the same time, most of the attention has been focused on the price of oil. As a result, there is much room for improvement in the way that consumers and businesses are able to reduce their overall fuel costs. With the shift to a cleaner, more sustainable energy source comes an important responsibility to reduce the overall price of gas.
The future of the price of gas lies in the hands of all of us. The sooner that happens, the more time that passes for the price of gas to rise and for it to fall. With time, it will pass from the distant past into the distant future. Maybe it is time to shift into crypto?!
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SBF is lying in front of the internet
He is lying again in front of everyone.
SBF has no ethics…
Trying to play dump and not know anything wrong is the opposite of letting people know you are a total screw-up.
IF FTX US is solvent, why you filed bankruptcy in the first place?
All he tried to do was indirectly point questions to his achievement, which is to scam people and use their funds for his own purpose.
FTX US is insolvent and he has not authority to present himself into FTX US anymore.
Likely money from FTX US were removed to cover all other expenses…
I really wonder if SBF has any backup documents to prove himself.
He is a straight liar…
How did crypto go wrong this year
As we approach the end of this year, everyone is still digesting the impact of the Internet-driven digital transformation in business and its associated headwinds. As a result, many businesses are looking ahead to the future with mixed feelings. On one hand, we have come a long way in building trust and self-awareness in our digital landscapes. On the other, we now have to acknowledge that some of these digital transformation efforts have been misguided or backward-looking. These are all good things—but they do not mean 2022 will be a great year for crypto.
It’s hard to know what to take away from this year.
More crypto companies were bankrupted from Luna to 3AC to FTX and lost investors’ money. This is a classic ponzi scheme in which everyone misued users’ funds and steals to hedge their high risky bets, eventually leading to the collapse of everything. Crypto itself has nothing to do with all these business models of stealing people’s money, and it is a way they advertise and bring FOMO to people and lure their money into the space.
Everyone is working toward their own digital currency
While cryptocurrency is not done yet, countries have been tested their own CBDCs. It is a crypto-like digital currency without privacy. However, it can be a saver choice for many people to adopt.
What have we learned from this year? We need to go back to the fundamentals of crypto. Transparency, privacy, and permissionless are keys to making crypto unique. When crypto is suddenly worth ten folders, we abandon the fundamentals and chase money, making us vulnerable to scammers. We need to rethink why we joined and believe in crypto at the first place.
Crypto will be used in financial services. It will also likely find use in both the financial market and in the form of insurance eventually. In fact, insurance providers may be the first major players to embrace digital insurance—and this may include a blockchain-based platform. The ecosystem will vary from company to company, but most will have an online platform that facilitates the digital purchase, sale and management of coverage across multiple providers. However, to screen out bad actors before such adoption is a key to making crypto sustainable in the future.
How to crypto lending is dead
Crypto lending is dead? What will replace it? How to get started with crypto lending? A recent FTX detailed the decline of crypto lending as a viable option in the wake of trust breaches. While crypto lending is still in infancy but its potential for misuse and potential conflicts of interest does not address the question why users funds kept being misused. We’ll explore why and how cryptocurrency lending has become such an toxic part of modern digital finance. We’ll also discuss some ways you can continue to use crypto and avoid crypto lending in all costs.
What is crypto lending?
Crypto Lending is a way for people to create money out of thin air! The technology is similar to borrowing money from other investors, but whoever runs a crypto lending business broke the trust and misused users’ funds to bet for high-risk venture capitals that lost all money that they can no longer pay off all funds they owed. The idea is that you, as the lender, create a “virtual” loan to someone else, usually with a small amount of collateral (fractional reserve). You then use the money to put into high risky investments from that person or pay for them with virtual dollars out of thin air. The “lender” loaned out of your money to help them potentially leverage high-risky bets and use your money to gain their profits. Lenders can even trade against your investments when you long the assets while they shorted the assets to double dip the profits.
Why does crypto lending no matter anymore?
There are no benefits to using a crypto lending option at all. Not all crypto lenders can provide transparency about their assets-backed reserves and are likely running fractional reserves with thin-air fake tokens to boost their own valuations. When they go bankrupt, their will file bankruptcy protection to protect their assets and liquidate all their crypto to defend themselves to go total losses. You are likely to receive a fraction of the money while they can preserve their assets that gained profits from your investments.
How to cryptocurrency lending is dead
This is the most common question we get: “How is crypto lending dead?” The short answer is that there are no longer viable financial solutions.
2022 is the year large crypto lenders went bankrupt, from Celsius to FTX to BlockFi, all those companies are lied about their reserves and likely misused users’ funds for their own betting.
Damages from crypto lending
All bankruptcy gave one question about crypto: why did people lie about their businesses and violate their promises? The false assumption that crypto is always valuable is a problem and they use FUD and FOMO to lure investors into their questionable lending services and misguided users with their suspicious advertisements. Regulations are nothing to protect investors in crypto.
The future of financial products is uncertain. There is no one way to interpret the new year and get a clear perspective on what will happen. There are so many different scenarios and potential outcomes that it is difficult to predict. That being said, there are several scenarios that are very likely to come to pass. It is important to remain alert and participate in the ongoing financial market activity. If you are considering using a financial product, always research the product and make sure it is both legal and tax-effective. You also need to consider your personal financial situation and potential future expenses. That said, crypto is speculative, and crypto lending will not work.
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