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deucher
deucherActive Contributor
Asked: September 11, 2023In:

Not all employees who work for business owners are distinguished by something and simply do their work without doing anything more than is required of them, but they also all want to have a higher salary over time. Is it ...Read more

Not all employees who work for business owners are distinguished by something and simply do their work without doing anything more than is required of them, but they also all want to have a higher salary over time. Is it correct to raise the salary of an employee only because he will work for you for a long time?

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employeemoney
  1. Mika
    Mika Expert Mind

    It does not matter how long they have been working, what actually matters is whether your business is generating profits or not, whether you can afford to give them salary rise or not. If you can afford, if you make a lot of money, you do not have to wait for 5 years to give them pay rise, you can gRead more

    It does not matter how long they have been working, what actually matters is whether your business is generating profits or not, whether you can afford to give them salary rise or not. If you can afford, if you make a lot of money, you do not have to wait for 5 years to give them pay rise, you can give them just in the second year. More money also means better performance.

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deucher
deucherActive Contributor
Asked: September 11, 2023In:

I started the business without having any ideal idea, I just took what everyone else was doing and improved it a bit and now I stand out a bit among other owners. But many people want to have their own ...Read more

I started the business without having any ideal idea, I just took what everyone else was doing and improved it a bit and now I stand out a bit among other owners. But many people want to have their own business, completely unique, so that when people see it, they are surprised that they have never seen anything like it before. What kind of business do you have and which one would you prefer?

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businessmoney
  1. Avarose
    Avarose Enlightened Mentor

    It’s perfectly fine to start with a common business and improve on it, because execution and innovation often matter more than pure originality. Many successful businesses began by taking existing ideas and making them better, faster, or more customer-friendly. Having a completely unique business caRead more

    It’s perfectly fine to start with a common business and improve on it, because execution and innovation often matter more than pure originality. Many successful businesses began by taking existing ideas and making them better, faster, or more customer-friendly. Having a completely unique business can be exciting, but it also carries more risk since the market may be unfamiliar with it. Personally, I’d prefer a business that solves a real problem effectively whether it’s original or improved because meeting customer needs consistently is what ultimately drives growth and long-term success.

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deucher
deucherActive Contributor
Asked: September 11, 2023In:

Not all people who start their own business start it only because they really like this product and this business, many just want to start your own business because everyone knows that you can earn more money than working for ...Read more

Not all people who start their own business start it only because they really like this product and this business, many just want to start your own business because everyone knows that you can earn more money than working for someone. Would you start your business just for the money without the fun?

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inspirationmoney
  1. Ovy
    Ovy Active Contributor Overcomer

    Of course! As an entrepreneur business profit should be of great value to you because the main aim of you doing business is to make profits so as to help you sustain your basic needs. So while venturing in any business you should try to observe the profit the loss and also what you spend daily so ifRead more

    Of course!
    As an entrepreneur business profit should be of great value to you because the main aim of you doing business is to make profits so as to help you sustain your basic needs. So while venturing in any business you should try to observe the profit the loss and also what you spend daily so if the spending and the Lost is much than what you gain you can switch the business so something else that is more profitable. Meanwhile is a business is profitable it encourages you to invest more on it.

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deucher
deucherActive Contributor
Asked: September 11, 2023In:

When I started my small business 3 years ago, I was very motivated and I gave everything to a business that I really liked and enjoyed, but now I don’t feel the way I did before. Does everyone have that ...Read more

When I started my small business 3 years ago, I was very motivated and I gave everything to a business that I really liked and enjoyed, but now I don’t feel the way I did before. Does everyone have that feeling?

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businessmoney
  1. Inem
    Inem Knowledge Seeker

    As a person, I would say that I am giving enough energy to my business. I live quite close to my business place and even at midnight, I can decide to wake up and enter the business place to check some things. It all boils down to the passion and goals that you have for the business. There is no dayRead more

    As a person, I would say that I am giving enough energy to my business. I live quite close to my business place and even at midnight, I can decide to wake up and enter the business place to check some things. It all boils down to the passion and goals that you have for the business. There is no day that I have been passive about my business even when I have been doing it for 6 years now.

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deucher
deucherActive Contributor
Asked: September 11, 2023In:

Now, as far as I am concerned, everyone who has their own small business has quite complicated financial affairs, I have my own online store, I would not say that it is quite unpopular, I have regular customers and orders, ...Read more

Now, as far as I am concerned, everyone who has their own small business has quite complicated financial affairs, I have my own online store, I would not say that it is quite unpopular, I have regular customers and orders, but this is absolutely not the business that I had 2 years ago, I am very lost a lot during this time and profits continue to decrease

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businessmoney
  1. Allison
    Allison Knowledge Seeker Archiever 💪🏽🔥

    I'm currently a successful business owner. Starting or establishing a business is a bit easy, but managing a business is were we'll all face challenges. My business was almost down fee months ago, due to lack of proper management. What did i do to hold my business strong and firm? I quickly change mRead more

    I’m currently a successful business owner. Starting or establishing a business is a bit easy, but managing a business is were we’ll all face challenges. My business was almost down fee months ago, due to lack of proper management. What did i do to hold my business strong and firm? I quickly change my business structure, change the strategies and recruit new workers. Presently, my business is moving well.

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deucher
deucherActive Contributor
Asked: September 11, 2023In:

Cryptocurrency earnings have such a branch as trading bots that can be connected to any exchange and will trade according to a given strategy. Are they worth attention and are they really as profitable as they make videos about them ...Read more

Cryptocurrency earnings have such a branch as trading bots that can be connected to any exchange and will trade according to a given strategy. Are they worth attention and are they really as profitable as they make videos about them on the Internet?

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cryptocurrencymoney
  1. spencer
    spencer Enlightened Mentor

    Yes, trading bots are worth paying attention if you're a mechanical trader, there are lots of strategies out there you can put on their setting on a bot and trade with, and also if you're a day trader then a bot can't do much for you. Unless you just want to use it to monitor levels or use it to actRead more

    Yes, trading bots are worth paying attention if you’re a mechanical trader, there are lots of strategies out there you can put on their setting on a bot and trade with, and also if you’re a day trader then a bot can’t do much for you.

    Unless you just want to use it to monitor levels or use it to activate your stop loss or take profit.

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deucher
deucherActive Contributor
Asked: August 17, 2023In:

Currently, cryptocurrency is popular among businessmen and various traders who work illegally because they can conduct transactions through cryptocurrency that is not controlled by the state, and do you think that the state needs to control this sector?

Currently, cryptocurrency is popular among businessmen and various traders who work illegally because they can conduct transactions through cryptocurrency that is not controlled by the state, and do you think that the state needs to control this sector?

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cryptostates
  1. yusra
    yusra Trusted Adviser

    I think there are good arguments on both sides of whether states should regulate cryptocurrencies: Potential benefits of state regulation: Protect consumers from fraud, hacking, and loss of funds Provide clarity on how cryptocurrencies fit within existing financial regulations Ensure proper taxationRead more

    I think there are good arguments on both sides of whether states should regulate cryptocurrencies:

    Potential benefits of state regulation:

    • Protect consumers from fraud, hacking, and loss of funds
    • Provide clarity on how cryptocurrencies fit within existing financial regulations
    • Ensure proper taxation of cryptocurrency transactions and holdings
    • Add legitimacy to the crypto space by incorporating it into the formal financial system
    • Reduce illicit activities that can occur with completely unregulated currencies

    Arguments against state regulation:

    • Cryptocurrencies were created specifically to avoid government control and oversight
    • Too much regulation could stifle innovation in the fast-moving crypto space
    • Difficult to effectively regulate decentralized global currencies across borders
    • Regulating could contradict the core decentralized, permissionless philosophy behind cryptocurrencies
    • Some fear overregulation could force cryptocurrency activity underground, worsening problems

    Overall, I think striking the right balance with smart regulation tailored to cryptocurrencies could provide important consumer protections without destroying the core ethos and benefits of crypto. But heavy-handed regulation could certainly backfire. It’s a complex issue with reasonable perspectives on both sides, and the optimal approach is likely somewhere in the middle between a complete lack of regulation and overly burdensome regulation. States will have to tread carefully and flexibly as they navigate regulating these new digital assets and currencies.

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deucher
deucherActive Contributor
Asked: August 17, 2023In:

Now it’s the 21st century and technology has reached very high levels. Cryptocurrency has become one of these achievements of humanity. And already many companies accept payment in cryptocurrency and even I managed to buy a bicycle using Bitcoin. Have ...Read more

Now it’s the 21st century and technology has reached very high levels. Cryptocurrency has become one of these achievements of humanity. And already many companies accept payment in cryptocurrency and even I managed to buy a bicycle using Bitcoin. Have you managed to buy something with cryptocurrency?

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bitcooincrypto
  1. Augusta
    Augusta Enlightened Mentor

    I know people have been making purchases with crypto currency online but I'm yet to do that. The thing is that I don't even like online purchases that's just the truth. it isn't about the currency itself but the fact that I like to see what I'm actually buying. I just pay instantly and then go withRead more

    I know people have been making purchases with crypto currency online but I’m yet to do that. The thing is that I don’t even like online purchases that’s just the truth. it isn’t about the currency itself but the fact that I like to see what I’m actually buying. I just pay instantly and then go with what I have bought that’s just it. So it is what it is not about Bitcoin or any other currencies. Well, I don’t buy with Bitcoin.

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deucher
deucherActive Contributor
Asked: August 17, 2023In:

To send cryptocurrency, there are many different networks Bitcoin, Ethereum, Tron, BNB and many others and in most of them the transaction between wallets takes quite a bit of time, but in the Bitcoin network it takes a very long ...Read more

To send cryptocurrency, there are many different networks Bitcoin, Ethereum, Tron, BNB and many others and in most of them the transaction between wallets takes quite a bit of time, but in the Bitcoin network it takes a very long time, why so?

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bitcoincrypto
  1. yusra
    yusra Trusted Adviser

    There are a few key reasons why transactions on the Bitcoin network can take a relatively long time to be confirmed: 10 minute block times: New blocks where transactions are recorded are only added to the Bitcoin blockchain approximately every 10 minutes on average. This means that even with no congRead more

    There are a few key reasons why transactions on the Bitcoin network can take a relatively long time to be confirmed:

    1. 10 minute block times: New blocks where transactions are recorded are only added to the Bitcoin blockchain approximately every 10 minutes on average. This means that even with no congestion, you’d expect the average transaction to take at least 5-10 minutes to get picked up in a block.
    2. 1MB block size limit: Bitcoin blocks have a maximum size of 1 megabyte. This restricts the transaction throughput of the network to around 3-7 transactions per second. With more transactions than this trying to get into the next block, congestion occurs.
    3. Priority based on transaction fees: Bitcoin miners prioritize transactions that have paid a higher transaction fee to get included in a block first. With limited space, transactions with low fees can get deprioritized and have to wait longer to make it into a block.
    4. Decentralization: To maintain its decentralized consensus with miners around the world, Bitcoin can’t raise its block size dramatically without risking chain splits. So throughput remains low.
    5. Security: Bitcoin’s proof-of-work mining and blockchain confirmations are designed to maximize security at the cost of speed. The more confirmations, the more immutable the transaction becomes.

    So in summary, Bitcoin’s decentralized nature, block times, small blocks, fee dynamics, and security model all contribute to transactions taking sometimes an hour or more to fully confirm. Improving speed remains an active area of Bitcoin research and development.

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deucher
deucherActive Contributor
Asked: August 17, 2023In:

To get cryptocurrency, you need to mine it, and to mine it, you need to spend a lot of electricity for all the equipment. And in order to produce electricity, you need large plants that pollute the air. Do you ...Read more

To get cryptocurrency, you need to mine it, and to mine it, you need to spend a lot of electricity for all the equipment. And in order to produce electricity, you need large plants that pollute the air. Do you think that cryptocurrency is harmful to others and our planet?

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cryptomining
  1. yusra
    yusra Trusted Adviser

    There are legitimate concerns about the environmental impact of cryptocurrencies, particularly those that rely on proof-of-work mining like Bitcoin: Proof-of-work mining uses an enormous amount of electricity, much of which may come from fossil fuels. The Bitcoin network alone consumes as much electRead more

    There are legitimate concerns about the environmental impact of cryptocurrencies, particularly those that rely on proof-of-work mining like Bitcoin:

    • Proof-of-work mining uses an enormous amount of electricity, much of which may come from fossil fuels. The Bitcoin network alone consumes as much electricity as some small countries.
    • This massive energy usage generates a large carbon footprint, estimated to be comparable to carbon emissions from air travel or small countries.
    • Much of the mining is concentrated in regions with cheap electricity, which is often from dirty sources like coal. This dirty energy powers the mining.

    However, the environmental impact depends a lot on the specific cryptocurrency and blockchain:

    • More energy-efficient consensus algorithms like proof-of-stake can drastically reduce energy use and the carbon footprint. Ethereum is transitioning to PoS which should help.
    • Some blockchains like Nano are specifically designed to be lightweight and minimize electricity use.
    • Renewable energy sources like solar, wind, hydropower can be used to reduce the carbon footprint of crypto mining.
    • As cryptocurrencies mature, there are more initiatives to make mining carbon neutral by offsetting emissions.

    So in summary – proof-of-work cryptocurrencies like Bitcoin do raise environmental concerns today due to high energy use, but the impacts can be mitigated through use of clean energy, more efficient consensus algorithms, and design choices in future cryptocurrencies. It’s a nuanced issue worth monitoring and improving.

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