﷽ The Federal Reserve and the United States government are pumping extreme amounts of money into the economy, already totaling over $484 billion. They are doing so because it already had a goal to inflate the United States Dollar (USD) so that the market can continue to all-time highs. It has always had this goal. They do not care how much inflation goes up by now as we are going into a depression with the potential to totally crash the US economy forever. They believe the only way to save the market from going to zero or negative values is to inflate it so much that it cannot possibly crash that low. Even if the market does not dip that low, inflation serves the interest of powerful people. The impending crash of the stock market has ramifications for Bitcoin, as, though there is no direct ongoing-correlation between the two, major movements in traditional markets will necessarily affect Bitcoin. According to the Blockchain Center’s Cryptocurrency Correlation Tool, Bitcoin is not correlated with the stock market. However, when major market movements occur, they send ripples throughout the financial ecosystem which necessary affect even ordinarily uncorrelated assets. Therefore, Bitcoin will reach X price on X date after crashing to a price of X by X date.
Stock Market Crash
The Federal Reserve has caused some serious consternation with their release of ridiculous amounts of money in an attempt to buoy the economy. At face value, it does not seem to have any rationale or logic behind it other than keeping the economy afloat long enough for individuals to profit financially and politically. However, there is an underlying basis to what is going on which is important to understand in order to profit financially. All markets are functionally price probing systems. They constantly undergo a price-discovery process. In a fiat system, money is an illusory and a fundamentally synthetic instrument with no intrinsic value – similar to Bitcoin. The primary difference between Bitcoin is the underlying technology which provides a slew of benefits that fiat does not. Fiat, however, has an advantage in being able to have the support of powerful nation-states which can use their might to insure the currency’s prosperity. Traditional stock markets are composed of indices (pl. of index). Indices are non-trading market instruments which are essentially summaries of business values which comprise them. They are continuously recalculated throughout a trading day, and sometimes reflected through tradable instruments such as Exchange Traded Funds or Futures. Indices are weighted by market capitalizations of various businesses. Price theory essentially states that when a market fails to take out a new low in a given range, it will have an objective to take out the high. When a market fails to take out a new high, it has an objective to make a new low. This is why price-time charts go up and down, as it does this on a second-by-second, minute-by-minute, day-by-day, and even century-by-century basis. Therefore, market indices will always return to some type of bull market as, once a true low is formed, the market will have a price objective to take out a new high outside of its’ given range – which is an all-time high. Instruments can only functionally fall to zero, whereas they can grow infinitely. So, why inflate the economy so much? Deflation is disastrous for central banks and markets as it raises the possibility of producing an overall price objective of zero or negative values. Therefore, under a fractional reserve system with a fiat currency managed by a central bank – the goal of the central bank is to depreciate the currency. The dollar is manipulated constantly with the intention of depreciating its’ value. Central banks have a goal of continued inflated fiat values. They tend to ordinarily contain it at less than ten percent (10%) per annum in order for the psyche of the general populace to slowly adjust price increases. As such, the markets are divorced from any other logic. Economic policy is the maintenance of human egos, not catering to fundamental analysis. Gross Domestic Product (GDP) growth is well-known not to be a measure of actual growth or output. It is a measure of increase in dollars processed. Banks seek to produce raising numbers which make society feel like it is growing economically, making people optimistic. To do so, the currency is inflated, though inflation itself does not actually increase growth. When society is optimistic, it spends and engages in business – resulting in actual growth. It also encourages people to take on credit and debts, creating more fictional fiat. Inflation is necessary for markets to continue to reach new heights, generating positive emotional responses from the populace, encouraging spending, encouraging debt intake, further inflating the currency, and increasing the sale of government bonds. The fiat system only survives by generating more imaginary money on a regular basis. Bitcoin investors may profit from this by realizing that stock investors as a whole always stand to profit from the market so long as it is managed by a central bank and does not collapse entirely. If those elements are filled, it has an unending price objective to raise to new heights. It also allows us to realize that this response indicates that the higher-ups believe that the economy could crash in entirety, and it may be wise for investors to have multiple well-thought-out exit strategies.
Economic Analysis of Bitcoin
The reason why the Fed is so aggressively inflating the economy is due to fears that it will collapse forever or never rebound. As such, coupled with a global depression, a huge demand will appear for a reserve currency which is fundamentally different than the previous system. Bitcoin, though a currency or asset, is also a market. It also undergoes a constant price-probing process. Unlike traditional markets, Bitcoin has the exact opposite goal. Bitcoin seeks to appreciate in value and not depreciate. This has a quite different affect in that Bitcoin could potentially become worthless and have a price objective of zero. Bitcoin was created in 2008 by a now famous mysterious figure known as Satoshi Nakamoto and its’ open source code was released in 2009. It was the first decentralized cryptocurrency to utilize a novel protocol known as the blockchain. Up to one megabyte of data may be sent with each transaction. It is decentralized, anonymous, transparent, easy to set-up, and provides myriad other benefits. Bitcoin is not backed up by anything other than its’ own technology. Bitcoin is can never be expected to collapse as a framework, even were it to become worthless. The stock market has the potential to collapse in entirety, whereas, as long as the internet exists, Bitcoin will be a functional system with a self-authenticating framework. That capacity to persist regardless of the actual price of Bitcoin and the deflationary nature of Bitcoin means that it has something which fiat does not – inherent value. Bitcoin is based on a distributed database known as the “blockchain.” Blockchains are essentially decentralized virtual ledger books, replete with pages known as “blocks.” Each page in a ledger is composed of paragraph entries, which are the actual transactions in the block. Blockchains store information in the form of numerical transactions, which are just numbers. We can consider these numbers digital assets, such as Bitcoin. The data in a blockchain is immutable and recorded only by consensus-based algorithms. Bitcoin is cryptographic and all transactions are direct, without intermediary, peer-to-peer. Bitcoin does not require trust in a central bank. It requires trust on the technology behind it, which is open-source and may be evaluated by anyone at any time. Furthermore, it is impossible to manipulate as doing so would require all of the nodes in the network to be hacked at once – unlike the stock market which is manipulated by the government and “Market Makers”. Bitcoin is also private in that, though the ledge is openly distributed, it is encrypted. Bitcoin’s blockchain has one of the greatest redundancy and information disaster recovery systems ever developed. Bitcoin has a distributed governance model in that it is controlled by its’ users. There is no need to trust a payment processor or bank, or even to pay fees to such entities. There are also no third-party fees for transaction processing. As the ledge is immutable and transparent it is never possible to change it – the data on the blockchain is permanent. The system is not easily susceptible to attacks as it is widely distributed. Furthermore, as users of Bitcoin have their private keys assigned to their transactions, they are virtually impossible to fake. No lengthy verification, reconciliation, nor clearing process exists with Bitcoin. Bitcoin is based on a proof-of-work algorithm. Every transaction on the network has an associated mathetical “puzzle”. Computers known as miners compete to solve the complex cryptographic hash algorithm that comprises that puzzle. The solution is proof that the miner engaged in sufficient work. The puzzle is known as a nonce, a number used only once. There is only one major nonce at a time and it issues 12.5 Bitcoin. Once it is solved, the fact that the nonce has been solved is made public. A block is mined on average of once every ten minutes. However, the blockchain checks every 2,016,000 minutes (approximately four years) if 201,600 blocks were mined. If it was faster, it increases difficulty by half, thereby deflating Bitcoin. If it was slower, it decreases, thereby inflating Bitcoin. It will continue to do this until zero Bitcoin are issued, projected at the year 2140. On the twelfth of May, 2020, the blockchain will halve the amount of Bitcoin issued when each nonce is guessed. When Bitcoin was first created, fifty were issued per block as a reward to miners. 6.25 BTC will be issued from that point on once each nonce is solved. Unlike fiat, Bitcoin is a deflationary currency. As BTC becomes scarcer, demand for it will increase, also raising the price. In this, BTC is similar to gold. It is predictable in its’ output, unlike the USD, as it is based on a programmed supply. We can predict BTC’s deflation and inflation almost exactly, if not exactly. Only 21 million BTC will ever be produced, unless the entire network concedes to change the protocol – which is highly unlikely. Some of the drawbacks to BTC include congestion. At peak congestion, it may take an entire day to process a Bitcoin transaction as only three to five transactions may be processed per second. Receiving priority on a payment may cost up to the equivalent of twenty dollars ($20). Bitcoin mining consumes enough energy in one day to power a single-family home for an entire week.
Trading or Investing?
The fundamental divide in trading revolves around the question of market structure. Many feel that the market operates totally randomly and its’ behavior cannot be predicted. For the purposes of this article, we will assume that the market has a structure, but that that structure is not perfect. That market structure naturally generates chart patterns as the market records prices in time. In order to determine when the stock market will crash, causing a major decline in BTC price, we will analyze an instrument, an exchange traded fund, which represents an index, as opposed to a particular stock. The price patterns of the various stocks in an index are effectively smoothed out. In doing so, a more technical picture arises. Perhaps the most popular of these is the SPDR S&P Standard and Poor 500 Exchange Traded Fund ($SPY). In trading, little to no concern is given about value of underlying asset. We are concerned primarily about liquidity and trading ranges, which are the amount of value fluctuating on a short-term basis, as measured by volatility-implied trading ranges. Fundamental analysis plays a role, however markets often do not react to real-world factors in a logical fashion. Therefore, fundamental analysis is more appropriate for long-term investing. The fundamental derivatives of a chart are time (x-axis) and price (y-axis). The primary technical indicator is price, as everything else is lagging in the past. Price represents current asking price and incorrectly implementing positions based on price is one of the biggest trading errors. Markets and currencies ordinarily have noise, their tendency to back-and-fill, which must be filtered out for true pattern recognition. That noise does have a utility, however, in allowing traders second chances to enter favorable positions at slightly less favorable entry points. When you have any market with enough liquidity for historical data to record a pattern, then a structure can be divined. The market probes prices as part of an ongoing price-discovery process. Market technicians must sometimes look outside of the technical realm and use visual inspection to ascertain the relevance of certain patterns, using a qualitative eye that recognizes the underlying quantitative nature Markets and instruments rise slower than they correct, however they rise much more than they fall. In the same vein, instruments can only fall to having no worth, whereas they could theoretically grow infinitely and have continued to grow over time. Money in a fiat system is illusory. It is a fundamentally synthetic instrument which has no intrinsic value. Hence, the recent seemingly illogical fluctuations in the market. According to trade theory, the unending purpose of a market or instrument is to create and break price ranges according to the laws of supply and demand. We must determine when to trade based on each market inflection point as defined in price and in time as opposed to abandoning the trend (as the contrarian trading in this sub often does). Time and Price symmetry must be used to be in accordance with the trend. When coupled with a favorable risk to reward ratio, the ability to stay in the market for most of the defined time period, and adherence to risk management rules; the trader has a solid methodology for achieving considerable gains. We will engage in a longer term market-oriented analysis to avoid any time-focused pressure. The Bitcoin market is open twenty-four-hours a day, so trading may be done when the individual is ready, without any pressing need to be constantly alert. Let alone, we can safely project months in advance with relatively high accuracy. Bitcoin is an asset which an individual can both trade and invest, however this article will be focused on trading due to the wide volatility in BTC prices over the short-term.
Technical Indicator Analysis of Bitcoin
Technical indicators are often considered self-fulfilling prophecies due to mass-market psychology gravitating towards certain common numbers yielded from them. They are also often discounted when it comes to BTC. That means a trader must be especially aware of these numbers as they can prognosticate market movements. Often, they are meaningless in the larger picture of things.
Volume – derived from the market itself, it is mostly irrelevant. The major problem with volume for stocks is that the US market open causes tremendous volume surges eradicating any intrinsic volume analysis. This does not occur with BTC, as it is open twenty-four-seven. At major highs and lows, the market is typically anemic. Most traders are not active at terminal discretes (peaks and troughs) because of levels of fear. Volume allows us confidence in time and price symmetry market inflection points, if we observe low volume at a foretold range of values. We can rationalize that an absolute discrete is usually only discovered and anticipated by very few traders. As the general market realizes it, a herd mentality will push the market in the direction favorable to defending it. Volume is also useful for swing trading, as chances for swing’s validity increases if an increase in volume is seen on and after the swing’s activation. Volume is steadily decreasing. Lows and highs are reached when volume is lower.
Therefore, due to the relatively high volume on the 12th of March, we can safely determine that a low for BTC was not reached.
VIX – Volatility Index, this technical indicator indicates level of fear by the amount of options-based “insurance” in portfolios. A low VIX environment, less than 20 for the S&P index, indicates a stable market with a possible uptrend. A high VIX, over 20, indicates a possible downtrend. VIX is essentially useless for BTC as BTC-based options do not exist. It allows us to predict the market low for $SPY, which will have an indirect impact on BTC in the short term, likely leading to the yearly low. However, it is equally important to see how VIX is changing over time, if it is decreasing or increasing, as that indicates increasing or decreasing fear. Low volatility allows high leverage without risk or rest. Occasionally, markets do rise with high VIX.
As VIX is unusually high, in the forties, we can be confident that a downtrend for the S&P 500 is imminent.
RSI (Relative Strength Index): The most important technical indicator, useful for determining highs and lows when time symmetry is not availing itself. Sometimes analysis of RSI can conflict in different time frames, easiest way to use it is when it is at extremes – either under 30 or over 70. Extremes can be used for filtering highs or lows based on time-and-price window calculations. Highly instructive as to major corrective clues and indicative of continued directional movement. Must determine if longer-term RSI values find support at same values as before. It is currently at 73.56.
Secondly, RSI may be used as a high or low filter, to observe the level that short-term RSI reaches in counter-trend corrections. Repetitions based on market movements based on RSI determine how long a trade should be held onto. Once a short term RSI reaches an extreme and stay there, the other RSI’s should gradually reach the same extremes. Once all RSI’s are at extreme highs, a trend confirmation should occur and RSI’s should drop to their midpoint.
Trend Definition Analysis of Bitcoin
Trend definition is highly powerful, cannot be understated. Knowledge of trend logic is enough to be a profitable trader, yet defining a trend is an arduous process. Multiple trends coexist across multiple time frames and across multiple market sectors. Like time structure, it makes the underlying price of the instrument irrelevant. Trend definitions cannot determine the validity of newly formed discretes. Trend becomes apparent when trades based in counter-trend inflection points continue to fail. Downtrends are defined as an instrument making lower lows and lower highs that are recurrent, additive, qualified swing setups. Downtrends for all instruments are similar, except forex. They are fast and complete much quicker than uptrends. An average downtrend is 18 months, something which we will return to. An uptrend inception occurs when an instrument reaches a point where it fails to make a new low, then that low will be tested. After that, the instrument will either have a deep range retracement or it may take out the low slightly, resulting in a double-bottom. A swing must eventually form. A simple way to roughly determine trend is to attempt to draw a line from three tops going upwards (uptrend) or a line from three bottoms going downwards (downtrend). It is not possible to correctly draw a downtrend line on the BTC chart, but it is possible to correctly draw an uptrend – indicating that the overall trend is downwards. The only mitigating factor is the impending stock market crash.
Time Symmetry Analysis of Bitcoin
Time is the movement from the past through the present into the future. It is a measurement in quantified intervals. In many ways, our perception of it is a human construct. It is more powerful than price as time may be utilized for a trade regardless of the market inflection point’s price. Were it possible to perfectly understand time, price would be totally irrelevant due to the predictive certainty time affords. Time structure is easier to learn than price, but much more difficult to apply with any accuracy. It is the hardest aspect of trading to learn, but also the most rewarding. Humans do not have the ability to recognize every time window, however the ability to define market inflection points in terms of time is the single most powerful trading edge. Regardless, price should not be abandoned for time alone. Time structure analysis It is inherently flawed, as such the markets have a fail-safe, which is Price Structure. Even though Time is much more powerful, Price Structure should never be completely ignored. Time is the qualifier for Price and vice versa. Time can fail by tricking traders into counter-trend trading. Time is a predestined trade quantifier, a filter to slow trades down, as it allows a trader to specifically focus on specific time windows and rest at others. It allows for quantitative measurements to reach deterministic values and is the primary qualifier for trends. Time structure should be utilized before price structure, and it is the primary trade criterion which requires support from price. We can see price structure on a chart, as areas of mathematical support or resistance, but we cannot see time structure. Time may be used to tell us an exact point in the future where the market will inflect, after Price Theory has been fulfilled. In the present, price objectives based on price theory added to possible future times for market inflection points give us the exact time of market inflection points and price. Time Structure is repetitions of time or inherent cycles of time, occurring in a methodical way to provide time windows which may be utilized for inflection points. They are not easily recognized and not easily defined by a price chart as measuring and observing time is very exact. Time structure is not a science, yet it does require precise measurements. Nothing is certain or definite. The critical question must be if a particular approach to time structure is currently lucrative or not. We will measure it in intervals of 180 bars. Our goal is to determine time windows, when the market will react and when we should pay the most attention. By using time repetitions, the fact that market inflection points occurred at some point in the past and should, therefore, reoccur at some point in the future, we should obtain confidence as to when SPY will reach a market inflection point. Time repetitions are essentially the market’s memory. However, simply measuring the time between two points then trying to extrapolate into the future does not work. Measuring time is not the same as defining time repetitions. We will evaluate past sessions for market inflection points, whether discretes, qualified swings, or intra-range. Then records the times that the market has made highs or lows in a comparable time period to the future one seeks to trade in. What follows is a time Histogram – A grouping of times which appear close together, then segregated based on that closeness. Time is aligned into combined histogram of repetitions and cycles, however cycles are irrelevant on a daily basis. If trading on an hourly basis, do not use hours.
Daily Lows Mode for those Months: 1, 1, 2, 4, 12, 17, 18, 24, 25, 28, 29, 30
Hourly Lows Mode for those Months (Military time): 0100, 0200, 0200, 0400, 0700, 0700, 0800, 1200, 1200, 1700, 2000, 2200
Minute Lows Mode for those Months: 00, 00, 00, 00, 00, 00, 09, 09, 59, 59, 59, 59
Day of the Week Lows (last twenty-six weeks):
Weighted Times are repetitions which appears multiple times within the same list, observed and accentuated once divided into relevant sections of the histogram. They are important in the presently defined trading time period and are similar to a mathematical mode with respect to a series. Phased times are essentially periodical patterns in histograms, though they do not guarantee inflection points Evaluating the yearly lows, we see that BTC tends to have its lows primarily at the beginning of every year, with a possibility of it being at the end of the year. Following the same methodology, we get the middle of the month as the likeliest day. However, evaluating the monthly lows for the past year, the beginning and end of the month are more likely for lows. Therefore, we have two primary dates from our histogram. 1/1/21, 1/15/21, and 1/29/21 2:00am, 8:00am, 12:00pm, or 10:00pm In fact, the high for this year was February the 14th, only thirty days off from our histogram calculations. The 8.6-Year Armstrong-Princeton Global Economic Confidence model states that 2.15 year intervals occur between corrections, relevant highs and lows. 2.15 years from the all-time peak discrete is February 9, 2020 – a reasonably accurate depiction of the low for this year (which was on 3/12/20). (Taking only the Armstrong model into account, the next high should be Saturday, April 23, 2022). Therefore, the Armstrong model indicates that we have actually bottomed out for the year! Bear markets cannot exist in perpetuity whereas bull markets can. Bear markets will eventually have price objectives of zero, whereas bull markets can increase to infinity. It can occur for individual market instruments, but not markets as a whole. Since bull markets are defined by low volatility, they also last longer. Once a bull market is indicated, the trader can remain in a long position until a new high is reached, then switch to shorts. The average bear market is eighteen months long, giving us a date of August 19th, 2021 for the end of this bear market – roughly speaking. They cannot be shorter than fifteen months for a central-bank controlled market, which does not apply to Bitcoin. (Otherwise, it would continue until Sunday, September 12, 2021.) However, we should expect Bitcoin to experience its’ exponential growth after the stock market re-enters a bull market. Terry Laundy’s T-Theory implemented by measuring the time of an indicator from peak to trough, then using that to define a future time window. It is similar to an head-and-shoulders pattern in that it is the process of forming the right side from a synthetic technical indicator. If the indicator is making continued lows, then time is recalculated for defining the right side of the T. The date of the market inflection point may be a price or indicator inflection date, so it is not always exactly useful. It is better to make us aware of possible market inflection points, clustered with other data. It gives us an RSI low of May, 9th 2020. The Bradley Cycle is coupled with volatility allows start dates for campaigns or put options as insurance in portfolios for stocks. However, it is also useful for predicting market moves instead of terminal dates for discretes. Using dates which correspond to discretes, we can see how those dates correspond with changes in VIX. Therefore, our timeline looks like:
2/14/20 – yearly high ($10372 USD)
3/12/20 – yearly low thus far ($3858 USD)
5/9/20 – T-Theory true yearly low (BTC between 4863 and 3569)
"In a world that craves new safe assets, there may be a growing role for Bitcoin." - Paul Tudor Jones
Read the letter Paul Jones sent his investors here (PDF). He manages over $7B in funds. The entire letter is worth a read, but here's an interesting excerpt: ________ The most compelling argument for owning Bitcoin is the coming digitization of currency everywhere, accelerated by COVID-19. Bull markets are built on an ever-expanding universe of buyers. Central to the price of Bitcoin is how many more (or less) owners of Bitcoin will there be beyond the 60 million who currently own it? The probable introduction of Facebook’s Libra (whose value will be pegged to the US dollar and will not be a store of value in that sense) as well as China’s DCEP, also tied to the yuan, will make virtual digital wallets a commonplace tool for the world. It will make the understanding, utility, and ease of ownership of Bitcoin a much more commonplace option than it is today. Owning Bitcoin is a great way to defend oneself against the GMI (The Great Monetary Inflation), given the current fact set. As Satoshi Nakamoto, the anonymous creator of Bitcoin, stated in an online forum around the time he launched Bitcoin, "the root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." I am not an advocate of Bitcoin ownership in isolation, but do recognize its potential in a period when we have the most unorthodox economic policies in modern history. So, we need to adapt our investment strategy. We have updated the Tudor BVI offering memoranda to disclose that we may trade Bitcoin futures for Tudor BVI. We have set the initial maximum exposure guideline for purchasing Bitcoin futures to a low single digit exposure percentage of Tudor BVI’s net assets, which seems prudent. We will review this exposure guideline regularly. ________ Regarding Paul Tudor Jones: Investment philosophy As reported in Market Wizards and the press, Jones futures trading style and beliefs are as follows:
Contrarian attempt to buy and sell turning points. Keeps trying the single trade idea until he changes his mind, fundamentally. Otherwise, he keeps cutting his position size down. Then he trades the smallest amount when his trading is at its worst.
Considers himself as a premier market opportunist. When he develops an idea, he pursues it from a very-low-risk standpoint until he has been proven wrong repeatedly, or until he changes his viewpoint.
Swing trader, the best money is made at the market turns. Has missed a lot of meat in the middle, but catches a lot of tops and bottoms.
Spends his day making himself happy and relaxed. Gets out of a losing position that is making him uncomfortable. Nothing's better than a fresh start. Key is to play great defense, not great offense.
Never average losers. Decreases his trading size when he is doing poorly, increase when he is trading well.
He has mental stops. If it hits that number, he is out no matter what. He uses not only price stops, but time stops.
Monitors the whole portfolio equity (risk) in real time.
He believes prices move first and fundamentals come second.
He doesn't care about mistakes made three seconds ago, but what he is going to do from the next moment on.
Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead.
Jones's global macro trading style is based primarily on technical analysis, as opposed to value investing, with an emphasis momentum factors driving markets. In a 2000 interview, he suggested however he regretted not being more involved with venture investing in technology firms during the 1990s. ________ This is institutional money we're talking about, confirming Bitcoin as a financial asset and reassuring the theory presented by Plan B regarding Bitcoin Narratives:
BTC “Proof of concept” (S2F 1.3 and market value $1M)
BTC “Payments” (S2F 3.3 and market value $58M)
BTC “E-Gold” (S2F 10.2 and market value $5.6B)
BTC “Financial asset” (S2F 25.1 and market value $114B)
"The S2FX model offers a new way of thinking about BTC transitioning into the fifth phase." _______ I expect plenty of your to completely dismiss this post, not read anything, and say 'but he's doing futures.' Yes, he'll be trading futures because we do, afterall, honor contracts in this country. This is in no way an invalidation of his strategy, so please refrain from mentioning this as an argument against whatever you want to argue about. Whether governments will come in and start regulating Bitcoin once it reaches a market cap to rival Gold's, well... that's a whole other topic for another post. Yes yes, not your keys, not your Bitcoin. _______ I highly recommend you listen to Chris Cole from Artemis Capital talk about volatility as a long term hedge strategy: https://www.youtube.com/watch?v=ywelSxtcrKE
There is nothing illegal being done in crypto that isn't, can't, or won't be done with the good old American dollar. Bankers perfected money laundering. They are in the news far more often than crypto currency for shady to downright tragic displays of inhumane illegal activity. Starring the head of the US money and policy, Snoochy Boochy. What they are attempting to cover up, is that they don't want you in control of your own money. Some other facts about Crypto: 1. It's crypto-secure. 2. Gives you your privacy back. All of your information is secretly, safely stored in a record that can not be changed. 3. There is no snoochy behind the curtain. Blockchain is scientific, and calculating; it follows code without influence or preference. 4. It is reliable and accessible 24/7. 5. I assure you every company will eventually use this superior technology, however in the very short term the big boys are the majority on the cutting edge and are investing heavily into its benefits. 6. You may believe the hype and think crypto is a four letter word. When you find out you've been lied to; Bitcoin and all her friends will welcome you to decentralized finance. 7. There are a few projects with no merit - scams. But there are also some that are going to be world changing. Environment, safe food and drugs, clean water, immutable voting and record keeping, and more. 8. Millions of people want to know who Satoshi Nakamoto is, hours upon hours of research collected and compiled to determine his identity. 10 years later - one of the 50 richest people in the world remains anonymous, with a net worth of $11 billion. If Bitcoin were to hit a low target of $100,000, Mr. Nakomoto would find himself between Jeff Bezos and Bill Gates in the top 3! That's not bad for the first decade, and things are really just heating up. Regulated banks launder more than $2 trillion. Bankers are directly involved or complicit. They have to be for the whole scheme to flow and not attract attention. https://news.bitcoin.com/how-the-worlds-leading-banks-help-launder-2-trillion-a-yea Crypto exchanges attribute approximately $2.8 billion to money laundering. It's hard to imagine $2.8 billion being a drop in the bucket, but I think it shows the shenanigans of the banking industry are far greater than those of the crypto currency industry. Money laundering on an exchange could be done without knowledge or influence from anyone on the exchange. Personally, I feel like an immutable record is not the place to do illegal transactions. *Reference is from an impartial review (MIT Technical Review) https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/ In summary, I would just like to say I didn't understand Bitcoin when I first heard it mentioned. I think most of the people who are long time Hodlers (or holders) were skeptical. It is only thru education about what Bitcoin is and the undeniable change it will inspire; that you can understand a crypto investor. It is revolutionary. And it's here despite the efforts of those who will lose control of YOUR money.
Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
Attention please! Welfare is here! The third-party DAPP is officially launched, and the ETX public chain has reached a new level of development, please don‘t miss out!
On November 1, 2008. A person who claimed to be Satoshi Nakamoto posted a research report on a secret cryptography discussion group. His new idea of electronic money-Bitcoin came out! On January 3, 2009, Satoshi Nakamoto unearthed the first batch of 50 bitcoins on a small server in Helsinki, Finland. Since then, bitcoin has been in full swing in the financial industry as a representative of virtual currency.
Blockchain, as the next generation of value Internet, was once considered to be a very good tool for protecting privacy, but a family soon discovered that in the current main blockchain network, the digital wallet address and its owner Corresponding to the personal information of the wallet, all account information and transaction information of the owner of the wallet will be fully visible and cannot be eliminated in the entire network, which will cause more serious problems than the privacy leakage of the Internet. Therefore, blockchain is both an opportunity and a challenge for users. https://preview.redd.it/lvpzm5hufqv41.png?width=640&format=png&auto=webp&s=083213298e0d2a5d8dcc74f3db4de207c2206d3a At the same time that the blockchain technology has developed in an orderly manner, the digital currency market has also been further developed. Under the coexistence of opportunities and challenges, it has also brought rich returns to many players with faith. As a brand new digital currency, ETX (EthereumX · NET) public chain has attracted the attention of many players at the beginning of the mainnet. At the same time as the number of communities has expanded rapidly, ETX (EthereumX.NET) has also officially landed on vindax transaction. The Vindax exchange ranks 13th on coinmarketcap, and coinmarketcap was founded in 2013 and is the world's largest cryptocurrency trading price query website. According to the latest data, Coinmarketcap.com website traffic ranks 111th in the world, it can be said that strength and traffic coexist. https://preview.redd.it/e31jzsawfqv41.png?width=640&format=png&auto=webp&s=26e421636dddf8f951bd11068e3ebc419091bed9 According to the latest news from the ETX (EthereumX · NET) community: the first third-party DAPP developed based on the ETX (EthereumX · NET) public chain will be officially launched, and at the same time, ETX (EthereumX · NET) will provide 10,000 ETX daily for support. For our ordinary players, this is also a rare and great opportunity, because we can get ETX for free through simple interaction, which is certainly what we are most looking forward to. Everyone remember to hurry up and get on the bus. https://preview.redd.it/08ylmjx0gqv41.png?width=640&format=png&auto=webp&s=de2a29d5cfdf1335ad81768de818f254934e537b As the saying goes: There are 1,000 Hamlet in the minds of 1,000 people. It is normal for different players to have different views and choices about the digital currency ETX (EthereumX.NET). But what is certain is that for ordinary players, ETX (EthereumX.NET) is one of the digital currencies worth choosing. (There are risks in the market, investment needs to be cautious, please do as your capability permits.)
Satoshi reply to Mike Hearn, April 2009. Everybody, especially newcomers and r-bitcoin-readers should take a step back and read this.
From: Satoshi Nakamoto [email protected] Date: Sun, Apr 12, 2009 at 10:44 PM To: Mike Hearn [email protected] Hi Mike, I’m glad to answer any questions you have. If I get time, I ought to write a FAQ to supplement the paper. There is only one global chain. The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you’re interested, I can go over the ways it would cope with extreme size. By Moore’s Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions. I don’t anticipate that fees will be needed anytime soon, but if it becomes too burdensome to run a node, it is possible to run a node that only processes transactions that include a transaction fee. The owner of the node would decide the minimum fee they’ll accept. Right now, such a node would get nothing, because nobody includes a fee, but if enough nodes did that, then users would get faster acceptance if they include a fee, or slower if they don’t. The fee the market would settle on should be minimal. If a node requires a higher fee, that node would be passing up all transactions with lower fees. It could do more volume and probably make more money by processing as many paying transactions as it can. The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces. Eventually, most nodes may be run by specialists with multiple GPU cards. For now, it’s nice that anyone with a PC can play without worrying about what video card they have, and hopefully it’ll stay that way for a while. More computers are shipping with fairly decent GPUs these days, so maybe later we’ll transition to that. A key aspect of Bitcoin is that the security of the network grows as the size of the network and the amount of value that needs to be protected grows. The down side is that it’s vulnerable at the beginning when it’s small, although the value that could be stolen should always be smaller than the amount of effort required to steal it. If someone has other motives to prove a point, they’ll just be proving a point I already concede. My choice for the number of coins and distribution schedule was an educated guess. It was a difficult choice, because once the network is going it’s locked in and we’re stuck with it. I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that’s very hard. I ended up picking something in the middle. If Bitcoin remains a small niche, it’ll be worth less per unit than existing currencies. If you imagine it being used for some fraction of world commerce, then there’s only going to be 21 million coins for the whole world, so it would be worth much more per unit. Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There’s plenty of granularity if typical prices become small. For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it’s now displayed as 1000, and 0.001 is displayed as 1. Ripple is interesting in that it’s the only other system that does something with trust besides concentrate it into a central server. Satoshi
DeFi---- Global trend leader of decentralized financial plan
DeFi---- Global trend leader of decentralized financial plan DeFi Plan is decentralized financial plan,in Chinese name“project Difi”. There is very successful open source decentralized project around the world,which is run by a guy name Satoshi Nakamoto.Whose Chinese name is Zhong Bencong,invented bitcoin with justice and great love.It's the first free currency issued by the bottom of society in human history.Through 11 years,the belief and consensus of the bottom people,makes bitcoin appreciate 2000 million times. DeFi Plan as same as Satoshi Nakamoto invented bitcoin,open source in Microsoft's most authoritative Github.com.All the code,system and rule are deployed in the Ethereum.And run with decentralized public chain of smart contracts.Open source code such as the law including the creator of any person can not tamper with it. Whether you are participants of DeFi Plan or not,people all over the world can check the number of ETH on Ethereum's blockchain browser.Each static and dynamic benefit is recorded on the Ethereum public chain with great precision.Without open source centric projects,you just know how much money you have invented.But you never know how many bank notes,BTC or ETH are collected on the trader's account.Wake up every day, the first thing is log on to see if you can log on to thewebsite.And the first time is generate income to cash withdrawal.Because the system is likely to shut off the net in second.That moment is in fear!Over the past 20 years,only SMI,AGK and a small number of centralized projects are more successful.99.99％ of the total project with a very bloody fruit that is shut off the net. Today,DeFi Plan has a comprehensive layout of IPFS.People all over the world can participate in DeFi Plan and get IPFS mining and financing income. IPFS is the underlying Internet protocol HTTP,thoroughly solve the centralized data storage cost,low security performance,vulnerable to attack,not permanent storage and other shortcuting. Plastic United States Securities Regulatory Commission.Approved by SEC,Sequoia Capital Stanford University and other dozens of the world's top capital investment. HTTP storage market value has reach 3.2million dollars,IPFS is Internet decentralized storage revolution.IPFS will create a million dollars market.And IPFS's incentive layer token,FILECOIN will be the next million times in the currency.Start online with DeFi"869"Plan,each consensus can get DFP digital certificate 1:1 free,constant 1.1billion.Go online more than 200 global mainstream exchanges.The first 8 years plan to complete the independent decentralized exchange,decentralized B2C mall,decentralized games and other ecology.DFP certificate should be use in the entire ecological.The second 6 years plan:Landing ecology list in the global main board of the financial market,to accelerate the global layout of the blockchain production industry.The third 9 years plan is to complete the application of interconnecting all things in global intellgent blockchain. All the people around the world who want to escape the centralization project, with your non-critical 0.5ETH,can participate in DeFi Plan. DeFi Plan's system is based on the scientific human nature.More work and more gains.Regardless of the size of the contribution can produce benefits.The investment income is allocated scientifically between 0.3％~1.5％ of Turing encryption algorithm.The rule of system is directly calculation,algebra,single zone,double zone,sunlight,gradation,split,cooperation,mining profit,game profit and Turing encryption.Ethereum's smart contract is a powerful security system against DOSS and hacker attack.And effectively protecting t long-term development of DeFi Plan run in safe. You might ask:Can DeFi Plan achieve success? DeFi Plan will tell you that the entire Ethereum DeFi Ecology,has made more than 1 billion USD development.Decentralized financ will be the inevitable trend in the future. Wealth System: DeFi Plan is initiated by BTC and IPFS global miners in deep web.Open source at Microsoft's Github.com.And the development of Ethereum decentralized smart contract public chain.Automatic clearing on automatic operation. Ethereum smart contract has a strong DOSS and hacker attacks firewall comprehensive protection of the DeFi Plan code safe operation.Be fair,transparent,impartial and never shut off the net. All the people around the world who want to get of centralized programs.You can learn DeFi Plan by using 0.5 ETH as a reference.Let's learn about DeFi Plan. First: Income from investment and mining(0.3％-1.5％) 1.You invest 0.5-0.9 ETH to double income in the total. 2.you invest 1-5 ETH to 2 times income in the total. 3.you invest 6-10 ETH to 2.5 times income in the total. 4.You invest more than 11 ETH to 3 times income in the total. Note: every consensus can get DFP digital currency in 1:1. Second: Straight pile calculation in 5％ Third: Straight pile champion(top 100 in the world) Add 2％ every day to the championship pool.The prize pool up to 300 ETH and put in once every 7 days. 1.Champion wins 20％ ETH of the pool. 2.Runner-up wins 10％ ETH of the pool. 3.Third place wins 5％ ETH of the pool. 4.The forth-tenth win 2％ ETH of the pool. 5.The 11th-20th win 1％ ETH of the pool. The 21st-100th win 0.5％ ETH of the pool. Note:Champion to 100,according to the number of reward ETH 1:1 to get DFP digital currency. Fourth:node power income(enjoy static income) 1.Recommend 1 nodes: enjoy 1 generation 20％ 2.Recommend 2 nodes:enjoy 2 generation 10％ 3.Recommend 3 nodes:enjoy 3 generation 5％ 4.Recommend 4 nodes:enjoy 4 generation 3％ 5.Recommend 5-6 nodes:enjoy 5,6,7 generation 2％ 6.Recommend 7-8 nodes:enjoy 8,9,10 generation 1％ 7.Recommend 9 nodes:enjoy 11-29 generation 0.5％ 8.Recommend 10 nodes:enjoy 30 generation 10％ Fifth:Calculation of miner's gradation 1.(Ordinary miners) your recommended point,a market cumulative 200 ETH,a market cumulative 150 ETH you get under the umbrella of miners new 5％ ETH. 2.(VIP miners)your recommened point,a market cumulative 600 ETH,a market cumulative 450 ETH,you get under the umbrella of miners new 10％ ETH. 3.(Senior miners) your recommended points for miners,1 market cumulative 1800 ETH ,1350ETH accumulated in the market,you get under umbrella of miners added 1.5％ ETH. 4.(Super miners)your recommended point,a market cumulative 5400 ETH,a market cumulative 4050ETH,you get under the umbrella of miners new 20％ ETH. Note:Senior miners will get 2,000 DFP digital currency at one time,and super miners will get 5,000 DFP digital currency at one time. Sixth:Every day global mining pool dividends 1.VIP miners get 3％ global ETH weighted bonus. 2.Senior miners get 2％ ETH weighted bouns. 3.Super miners get 1％ ETH weighted bouns. Seventh:Direct access to VIP miners. One time investment of 30 ETH in your own wallet address,directly and permanently enjoy 10％ VIP miners and 3％ ETH weighted global dividends. DeFiPlan system is based on directly calculation,algebra,single zone,double zone,sunlight,gradation,split,cooperation,mining profit,game profit and Turing encryption.The system is scientific humanity and all contributors have profits. The global economic crisis caused by the new crown epidemic in 2020.At the Same time，human beings began to enter the era of artificial Intelligence and block chain on an all-round way.Enterprise bankruptcy and unemployment will be normal. Every years the ordinary people in the bottom layer who are cutting by the centralization fund project.There is not much really available to us.Thus worth fighting for DeFi Plan. Grand sailing is about to begin in mid-April 2020! Let us go hand in hand to create brilliant!
“Bitcoin is the currency of resistance.” Utopia Trivia – What was the Genesis Block’s Reward Per Thread? Look for the answers somewhere in this edition of TheMessage.
2 – A Deeper Look Inside The Rabbit Hole of Utopia – PART IV
In Part III we reviewed the meteoric rise and fall of Napster, followed by the birth of a truly Peer-to-Peer content sharing platform in the form of the BitTorrent protocol. We discussed how revolutionary a technology BitTorrent was and how integral to the Internet it has become. Now in Part IV, we will discuss what happens when the profoundly democratizing and resilient power of Peer-to-Peer technology is brought to bear on money itself. On October 31st 2008, the Bitcoin white paper is published and on January 3 2009, Bitcoin’s Genesis Block is mined. Previously, the idea of digital money could not be realized in a direct, trustless fashion, because there always existed the problem of multiple spending. A trusted, third party database was always necessary and that handicap held back the potential of digital money for many years. Satoshi Nakamoto proposed an elegant solution; through cryptography, a Peer-to-Peer network could maintain the integrity of the record and allow participants to transfer value between each other without having to trust any third party. The simple but profound act of one human being directly handing another human being something of unique value was now finally enabled online through the internet. The social, economic and political implications of this technological breakthrough are still be felt to this day. To understand how consequential a breakthrough Bitcoin was, you would need to appreciate how important a role money and its control plays in the lives of human beings. Most people today are born into societies where they have little choice in the matters of money. Decisions made by others many years ago affect their day to day lives in ways most do not understand. Human history is littered with examples of those in privileged positions abusing the power to create and regulate money to the detriment of the masses. Just as the power of communication and content sharing was placed in the hands of the people through Peer-to-Peer technology and the internet, now money itself was placed in the hands of the people through the P2P technology of Bitcoin. To participate in Bitcoin was itself a kind of defiant act against the existing power structures, a form of resistance–“Bitcoin is the currency of resistance.” Max Keiser, a broadcaster, film maker and Bitcoin proponent is quoted as saying. The modern history of the internet has taught us that with every advancement and empowering step forward for humanity, vested corporate and government interests seek to extend their domain of influence by exerting power and control in lock-step with those advancements and Bitcoin is no exception. The only solution to diminish this negative influence, projected via surveillance and its coercive power, has been the equalizing power of cryptography and the democratizing power of P2P technology. What if advancements in these two fields could be brought to bear on a new kind of internet? An internet where surveillance and censorship were absent? An internet where communication, content and money could all flow in complete security and privacy? That will be the subject of Part V, our final segment in this series of articles; the revolution of Utopia.
3 – Mining Rewards Adjustment on Block #8843
Background On the day of Utopia’s mainnet launch, November 18th 2019, the mining Reward Per Thread (and so the Genesis Block’s RPT) was set at 0.0128 CRP. It stayed set at a maximum of 0.0128 for approximately 3-4 weeks as the total thread count ballooned to over 30,000 and only marginally declined after 15,000 threads since the Total Reward Generated (TRG) was capped at 192 CRP per 15 minutes Block. It was because of the miner abuse associated with those initial weeks that a major update was released in mid-December mandating a bot be run on a system with a minimum specification of 4 CPUs and 4GB of RAM along with a Public IP. Once that new requirement was put in place, thread count collapsed from over 30,000 to less than 1,000. Within days, the team doubled the mining RPT to 0.0256 CRP in order to better incentivize users to operate bots on enhanced servers and support the network. Unfortunately version 1.0.5499 had serious issues with reward rate for miners and for 7 weeks users endured through inconsistent rewards until the much celebrated major update was finally released on Febraury 4th 2020. Major update version 1.0.5665 and minor update 5672 witnessed the thread count climb consistently from less than 1,000 threads to over 9,000 threads over the next 2 weeks. However, at 7,500 threads, when a number of users, this publisher included, expected to see a similar marginal decline in RPT as before, none was observed. The TRG number was apparently no longer capped at 192 as it previously had been, and the TRG saw its figure climb to as high as 230 CRP (equivalent to over 22,000 CRP per day) before the hammer came down. Utopia Monetary Policy At this point, it’s worth reviewing the 1984 Group’s purported monetary policy for Crypton and Utopia. In their own words: “Multi-faceted and highly-professional approach to liquidity support and stable market rate of Crypton is well-organized with 3 main levers:
Adjustable amount of issued Cryptons per 15 minute block for regulating emission
Adjustable Proof-of-Stake Rate for storing Cryptons that can be positive or even negative if it’s necessary for market rate stability
Adjustable fees settings for all paid services available within Utopia ecosystem
All of three adjustable settings listed above are currently controlled by Utopia development team but after implementation of decentralized referendum, self-governance and voting systems the full control of adjustable settings will be transferred to society.” The Hammer of Block #8843, RPT vs TRG On Block #8843 the team reduced the RPT from 0.0256 to 0.0096, a contraction of 62.5%, or a factor of 2.67. This happened on February 19th midday UTC time. According to a message sent by the team, “This measure is necessary for optimal total balance of mined Cryptons and for efficient CRP value support in current market conditions.”. Based on the team’s explanation, they did this in order to control the trajectory of total CRP in circulation (“optimal total balance of mined Cryptons”) as well as to provide support to the value of CRP in the market, (“efficient CRP value support in current market conditions”). Why they chose to exercise control at the RPT level rather than the TRG level is the most fascinating question to consider. Capping the TRG has the additional effect of marginally disincentivizing new threads, whereas reducing the RPT doesn’t have that negative marginal effect, it simply makes each thread less productive. While both would have a similar monetary or economic net effect, they provide different incentives to miners. By reducing RPT, miners are incentivized to find more cost-effective servers in the long run, while the addition of new threads continues to be incentivized in a similar fashion. Therefore, we can conclude that the team wants to see the thread count continue to multiply, but did not want to compromise the inflation of CRP to accomplish this. Furthermore, because the reward rate of mining bots is already relatively high, it can be concluded that the RPT is unlikely to ever see an increase again.
4 – Updated CRP Price Structure at TheMarket
With the cost of mining CRP having increased by a factor of 2.67, TheMerchant is updating the price structure at TheMarket in order to better accommodate potential investors with different price sensitivities. The Normal high-volume selling price will now be $2.50/CRP. This will be the default price around the clock when not in the 14:00 to 22:00 UTC time slot on Saturdays. The Once-Per-Week high volume selling price will now be $2.00/CRP. This will be every Saturday except the final Saturday of the month, from 14:00 UTC to 22:00 UTC. (February 22, March 7, 14, 21, etc.) The Once-Per-Month high volume selling price will now be $1.50/CRP. This will be on the final Saturday of the month, from 14:00 UTC to 22:00 UTC. February 29, March 28, April 25 etc.) The reason for this price structure is that until a low-friction, high-volume exchange is established, there needs to be a reliable and predictable way to meet the needs of potential investors at different price points. Some investors have a long enough investment horizon that buying at $2.50 or $2.00 or $1.50 is not as important as being able to accumulate as much CRP as possible from a trusted source before the supply is exhausted. This investor would be considered more time-sensitive and less price-sensitive and more likely to acquire TheMerchant’s supply before others. Whereas other investors may have a shorter investment horizon and patiently waiting until the end of the week on Saturday, or quite possibly even until the end of the month on the final Saturday is more appealing to them, even at the risk of the supply having been reduced to completely exhausted, because they are more price-sensitive. In all cases, buy orders will be prioritized on a first-come, first-served basis.
5 – Personal Note from The Publisher
Here’s where to find the “Rabbit Hole” that is Utopia for those who may be reading on the surveillance landscape of the clearnet: https://u.is TheMerchant Public Key: 0093DEFD354D78D4F035CF04A935DD211A9765B8779C68D30A9DA0B3EB06554F Request contact authorization from TheMerchant to receive uMail versions of TheMessage and to purchase CRP, the future of private P2P commerce. TheMarket Channel ID: E95109799EC5047783C867F6AF6D4568 Utopia’s leading forum for the exchange of both CRP and uNS records. Zero-Profit Escrow Service is available from TheMerchant to help establish trust. TheMessage Channel ID: BE91B84B9565C8429D214EBB10753E83 The first weekly publication on all things Utopia. Subscribe to TheMessage and get connected. TheMegaphone Channel ID: 3277D61A3CF7BAEE951C0C6607532FB8 TheMerchant’s ECHO feed; his personal and uncensored voice, amplified and protected by Utopia. Turn on TheMegaphone!
Imagine if there was one desk that all stories could cross so that, at 4am, a media plan could be decided upon and disseminated where all news outlets coordinated to set the goalposts of debate and hyper focused on specific issues to drive a narrative to control how you vote and how you spend money; where Internet shills were given marching orders in tandem to what was shown on television, printed in newspapers and spread throughout articles on the World Wide Web. https://i.imgur.com/Elnci0M.png In the past, we had Operation Mockingbird, where the program was supremely confident that it could control stories around the world, even in instructions to cover up any story about a possible “Yeti” sighting, should it turn out they were real. https://i.imgur.com/121LXqy.png If, in 1959, the government was confident in its ability to control a story about a Yeti, then what is their level of confidence in controlling stories, today? https://i.imgur.com/jQFVYew.png https://i.imgur.com/ZKMYGJj.png In fact, we have a recent example of a situation similar to the Yeti. When Bill Clinton and Loretta Lynch met on the TARMAC to spike the Hillary email investigation, the FBI was so confident it wasn’t them, that their entire focus was finding the leaker, starting with searching within the local PD. We have documentation that demonstrates the state of mind of the confidence the upper levels of the FBI have when dealing with the media. https://i.imgur.com/IbjDOkI.png https://i.imgur.com/NH86ozU.png The marriage between mainstream media and government is a literal one and this arrangement is perfectly legal. https://i.imgur.com/OAd4vpf.png But, this problem extends far beyond politics; the private sector, the scientific community, even advice forums are shilled heavily. People are paid to cause anxiety, recommend people break up and otherwise sow depression and nervousness. This is due to a correlating force that employs “systems psychodynamics”, focusing on “tension centered” strategies to create “organizational paradoxes” by targeting people’s basic assumptions about the world around them to create division and provide distraction. https://i.imgur.com/6OEWYFN.png https://i.imgur.com/iG4sdD4.png https://i.imgur.com/e89Rx6B.png https://i.imgur.com/uotm9Cg.png https://i.imgur.com/74wt9tD.png In this day and age, it is even easier to manage these concepts and push a controlled narrative from a central figure than it has ever been. Allen & Co is a “boutique investment firm” that managed the merger between Disney and Fox and operates as an overseeing force for nearly all media and Internet shill armies, while having it’s fingers in sports, social media, video games, health insurance, etc. https://i.imgur.com/zlpBh3c.png https://i.imgur.com/e5ZvFFJ.png Former director of the CIA and Paul Brennan’s former superior George Tenet, holds the reigns of Allen & Co. The cast of characters involves a lot of the usual suspects. https://i.imgur.com/3OlrX7G.png
In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors. Since its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, and Donald Keough. Allen & Co. was one of ten underwriters for the Google initial public offering in 2004. In 2007, Allen was sole advisor to Activision in its $18 billion merger with Vivendi Games. In 2011, the New York Mets hired Allen & Co. to sell a minority stake of the team. That deal later fell apart. In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of Twitter. Allen & Co. was the adviser of Facebook in its $19 billion acquisition of WhatsApp in February 2014. In 2015, Allen & Co. was the advisor to Time Warner in its $80 billion 2015 merger with Charter Communications, AOL in its acquisition by Verizon, Centene Corporation in its $6.8 billion acquisition of Health Net, and eBay in its separation from PayPal. In 2016, Allen & Co was the lead advisor to Time Warner in its $108 billion acquisition by AT&T, LinkedIn for its merger talks with Microsoft, Walmart in its $3.3 billion purchase of Jet.com, and Verizon in its $4.8 billion acquisition of Yahoo!. In 2017, Allen & Co. was the advisor to Chewy.com in PetSmart’s $3.35 billion purchase of the online retailer.
Previous conference guests have included Bill and Melinda Gates, Warren and Susan Buffett, Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! co-founder Jerry Yang, financier George Soros, Facebook founder Mark Zuckerberg, Media Mogul Rupert Murdoch, eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight, Dell founder and CEO Michael Dell, NBA player LeBron James, Professor and Entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, Sandro Salsano from Salsano Group, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner, and Oprah Winfrey.
https://i.imgur.com/VZ0OtFa.png George Tenet, with the reigns of Allen & Co in his hands, is able to single-handedly steer the entire Mockingbird apparatus from cable television to video games to Internet shills from a singular location determining the spectrum of allowable debate. Not only are they able to target people’s conscious psychology, they can target people’s endocrine systems with food and pornography; where people are unaware, on a conscious level, of how their moods and behavior are being manipulated. https://i.imgur.com/mA3MzTB.png
"The problem with George Tenet is that he doesn't seem to care to get his facts straight. He is not meticulous. He is willing to make up stories that suit his purposes and to suppress information that does not." "Sadly but fittingly, 'At the Center of the Storm' is likely to remind us that sometimes what lies at the center of a storm is a deafening silence."
https://i.imgur.com/YHMJnnP.png Tenet joined President-elect Bill Clinton's national security transition team in November 1992. Clinton appointed Tenet Senior Director for Intelligence Programs at the National Security Council, where he served from 1993 to 1995. Tenet was appointed Deputy Director of Central Intelligence in July 1995. Tenet held the position as the DCI from July 1997 to July 2004. Citing "personal reasons," Tenet submitted his resignation to President Bush on June 3, 2004. Tenet said his resignation "was a personal decision and had only one basis—in fact, the well-being of my wonderful family—nothing more and nothing less. In February 2008, he became a managing director at investment bank Allen & Company. https://i.imgur.com/JnGHqOS.png We have the documentation that demonstrates what these people could possibly be doing with all of these tools of manipulation at their fingertips. The term for it is “covert political action” for which all media put before your eyes is used to serve as a veneer… a reality TV show facade of a darker modus operandum. https://i.imgur.com/vZC4D29.png https://www.cia.gov/library/center-for-the-study-of-intelligence/kent-csi/vol36no3/html/v36i3a05p_0001.htm
It is now clear that we are facing an implacable enemy whose avowed objective is world domination by whatever means and at whatever costs. There are no rules in such a game. Hitherto acceptable norms of human conduct do not apply. If the US is to survive, longstanding American concepts of "fair play" must be reconsidered. We must develop effective espionage and counterespionage services and must learn to subvert, sabotage and destroy our enemies by more clever, more sophisticated means than those used against us. It may become necessary that the American people be made acquainted with, understand and support this fundamentally repugnant philosophy.
Intelligence historian Jeffrey T. Richelson says the S.A. has covered a variety of missions. The group, which recently was reorganized, has had about 200 officers, divided among several groups: the Special Operations Group; the Foreign Training Group, which trains foreign police and intelligence officers; the Propaganda and Political Action Group, which handles disinformation; the Computer Operations Group, which handles information warfare; and the Proprietary Management Staff, which manages whatever companies the CIA sets up as covers for the S.A.
…Those operations we inaugurated in the years 1955-7 are still secret, but, for present purposes, I can say all that’s worth saying about them in a few sentences – after, that is, I offer these few words of wisdom. The ‘perfect’ political action operation is, by definition, uneventful. Nothing ‘happens’ in it. It is a continuing arrangement, neither a process nor a series of actions proceeding at a starting point and ending with a conclusion.
CIA FBI NSA Personnel Active in Scientology: https://i.imgur.com/acu2Eti.png When you consider the number of forces that can be contained within a single “political action group” in the form on a “boutique investment firm,” where all sides of political arguments are predetermined by a selected group of actors who have been planted, compromised or leveraged in some way in order to control the way they spin their message. https://i.imgur.com/tU4MD4S.png The evidence of this coordinated effort is overwhelming and the “consensus” that you see on TV, in sports, in Hollywood, in the news and on the Internet is fabricated.
Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most likely develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.'
When you find yourself feeling like common sense and common courtesy aren’t as common as they ought to be, it is because there is a massive psychological operation controlled from the top down to ensure that as many people as possible are caught in a “tension based” mental loop that is inflicted on them by people acting with purpose to achieve goals that are not in the interest of the general population, but a method of operating in secret and corrupt manner without consequences. Notice that Jeffrey Katzenberg, of Disney, who is intertwined with Allen & Co funds the Young Turks. He is the perfect example of the relationship between media and politics.
Katzenberg has also been involved in politics. With his active support of Hillary Clinton and Barack Obama, he was called "one of Hollywood's premier political kingmakers and one of the Democratic Party's top national fundraisers."
Last week, former DreamWorks Animation CEO Jeffrey Katzenberg’s new mobile entertainment company WndrCo was part of a $20 million funding round in TYT Network, which oversees 30 news and commentary shows covering politics, pop culture, sports and more. This includes the flagship “The Young Turks” program that streams live on YouTube every day. Other investors in the round included venture capital firms Greycroft Partners, E.ventures and 3L Capital, which led the round. This brings total funding for Young Turks to $24 million.
Hollywood activism long has been depicted as a club controlled by a handful of powerful white men: Katzenberg, Spielberg, Lear, David Geffen, Haim Saban and Bob Iger are the names most often mentioned. But a new generation of power brokers is ascendant, including J.J. Abrams and his wife, Katie McGrath, cited for their personal donations and bundling skills; Shonda Rhimes, who held a get-out-the-vote rally at USC's Galen Center on Sept. 28 that drew 10,000 people; CAA's Darnell Strom, who has hosted events for Nevada congresswoman Jacky Rosen and Arizona congresswoman Kyrsten Sinema; and former Spotify executive Troy Carter, who held three fundraisers for Maryland gubernatorial candidate Ben Jealous (Carter also was a fundraiser for President Obama).
Viacom, after splitting off from Les Moonves Les Moonves ' CBS , still holds Paramount Pictures, and that movie studio in December agreed to acquire DreamWorks SKG, the creative shop founded by the Hollywood triumvirate of Steven Spielberg, David Geffen and Jeffrey Katzenberg (a former exec at The Walt Disney Co.). DreamWorks Animation had been spun off into a separate company. Now it's time for Freston to make back some money--and who better to do a little business with than George Soros? The billionaire financier leads a consortium of Soros Strategic Partners LP and Dune Entertainment II LLC, which together are buying the DreamWorks library--a collection of 59 flicks, including Saving Private Ryan, Gladiator, and American Beauty.
Mirror trading international | Why you need to own 0,02 Bitcoin
Mirror trading international Mirror trading international - Contrary to popular belief you can buy small amounts of Bitcoin which are called Bits or Satoshis. A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. Bitcoins can be split into smaller units to ease and facilitate smaller transactions. The satoshi was named after the founder, or founders, of bitcoin, known as Satoshi Nakamoto. Bitcoin itself is 10 years old, and that is almost half the lifespan of the average currency which lasts approximately 27 years, according to a recent article The rise and fall of fiat currencies. The article references a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes. Mirror trading international Mirror trading international - The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Looking at the main title you are probably asking why you need to own 0,02 and how much is that worth? – Currently the price of Bitcoin is just shy of $8000, so the price would be about $160 or R 2500 (South African ZAR), which may or may not be a lot of money. Of course if you have the resources you may even want to get some more, or if you are like me ‘as much as you can’. I am not an investment advisor and this should not be taken as investment advice, but if you are thinking of going to an investment advisor who knows nothing about cryptocurrency or Bitcoin, well that is like asking a horse breeder to to tell you about horsepower in a car. So be wise in whatever you do. Mirror trading international - Let’s look at what your 0.02 BTC could be worth using the Stock-to-Flow chart on https://digitalik.net/btc/sf\_model/# a page inspired by Medium article Modeling Bitcoin’s Value with Scarcity written by Twitter user PlanB. Mirror trading international - For my South African & Nigerian readers I have done a chart in ZAR and Naira which can be found at the bottom of this article. As previously mentioned I am not an investment advisor, but putting some of your hard earned money into Bitcoin may just be more than worthwhile in a couple of years time. Is it risky you may ask? Firstly without risk, there can be no reward. The biggest risk in my opinion is not to have considered the possibility today. Spending $164 in May 2025 will only get you 0,000123951 Bitcoin. The other factor you may have to deal with is when your children and grandchildren ask you about the time you could have bought $26000 worth of Bitcoin for $164. What will your excuse be then? Mirror trading international - There will only ever be 21 Million Bitcoin, and currently there are 18 Million, however due to carelessness many people have misplaced or lost their Bitcoin wallet passwords and keys. This has made Bitcoin even more scarce with an estimated 3-4 Million that have been lost through carelessness. So please be careful and keep your Bitcoin safe. Mirror trading international - This could be the biggest generational wealth creating opportunity in history and you have an opportunity that may never happen again. My advice would be to get some Bitcoin even if that is just 1% of your investment portfolio. In my opinion it is worth the risk. Mirror trading international Mirror trading international
So What Exactly Is a Bitcoin Anyhow? Total Breakdown of Bitcoin
There's digital money, and after that there's Bitcoin. The extremely geeky Bitcoin is a mathematically-derived currency that promises to change the method people utilize money. Bitcoins are not real coins-they're strings of code secured with military-grade encryption-and people that use them to deal items as well as solutions are tough to trace. In addition to confidential drug dealers, Ashton Kutcher as well as the Winklevoss doubles have actually reportedly jumped on the bandwagon. There's something to be said regarding utilizing currency that isn't regulated by the government or financial institutions, doesn't come with the normal deal costs and is impossible to imitation. Bitcoin likewise promises to be disaster-proof, since you can not damage numbers similarly that you can damage gold books or fiat money. nuv mining What is Bitcoin? Bitcoin is an electronic money produced in 2009 by a designer hiding under the pseudonym of Satoshi Nakamoto (supposedly a Japanese individual that has best command of American English). Bitcoin is decentralized, meaning it is not controlled by a central authority like a banks, country, federal government or person. It is peer-to-peer as well as open-source, dispersed throughout the net from computer to computer, without demand for middlemen. Contrasted to U.S. bucks, Bitcoin is essentially untraceable, making it attractive to libertarians worried of federal government meddling and also citizens of the underworld. You can use it to spend for acquisitions online as well as off, from controlled substances on the Silk Road to legit restaurant meals. nuvmining Where to Obtain Bitcoins You can get Bitcoins from buddies, on-line free gifts or by acquiring them with actual money from Bitcoin exchanges. Using actual cash to purchase Bitcoins defeats the whole function of anonymity, however, since you might require to add your bank account to a third party site. You can also purchase Bitcoins utilizing your cellphone or with money deposit establishments. New Bitcoins are developed by "mining." Mining is done automatically by computers or servers-it's not real-world mining where you need to dig underground to uncover commodities, but the idea is similar. You have to exert initiative to collect gold, and you (or your device) likewise have to spend time as well as sources to confirm as well as tape Bitcoin purchases. One of the coolest features of Bitcoin is that it gets its value not from real-world items, but from codes. Bitcoins are pulled out of the ether by equipments (as well as individuals that run them) for fixing complex mathematical problems associated with the present variety of Bitcoins These bulky and pricey supercomputers featured powerful security capabilities (as well as apparently draw electrical power like no one's company). In a typical purchase, purchaser A from area X pays seller B some Bitcoins online. Miners after that race to validate and encrypt the transaction, logging Bitcoin codes in a central server. Whomever fixes the problem initially gets the Bitcoins Concerning 25 new Bitcoins are produced for every 10-minute block, but that number can enhance or lower depending on how much time the network runs. Just How to Utilize Bitcoins. As soon as you obtain your hands on some Bitcoins, you require to store them in an on-line budget via a computer system program or a third-party web site. You become part of the Bitcoin network as soon as you produce your virtual purse. To send Bitcoins to one more individual or pay for on-line purchases, obtain that person/seller's identification number and also transfer Bitcoins online. Processing takes concerning a few minutes to a hr, as Bitcoin miners across the globe verify the deal. Just How to Earn Money on Bitcoins. If you're still skeptical, one Bitcoin is currently worth about $90 (as of 18 April 2013), with hourly variations that can make a day trader dizzy. Unpredictable as it is, more and more people are starting to bleed the phenomenon for all it is worth-while it lasts. How to obtain your piece of the online gold rush? Some methods: Sell Bitcoin mining computers, market your Bitcoins at crazy rates on ebay.com as well as hypothesize on Bitcoin markets. You can additionally begin mining. Any person can mine Bitcoins, yet unless you can pay for a reliable arrangement, it will take an average COMPUTER a year or even more to address formulas. Lots of people sign up with swimming pools of various other miners that integrate their computer power for faster code-cracking.
Could Satoshi Nakamoto become the richest person in the world? At Bitcoin’s all time high of $20,000 in December 2017, Satoshi was worth $19.6 Billion. This made him the 56th richest person alive. If Bitcoin reaches $110,000 and the current world’s billionaire remains relatively unchanged, then Satoshi will become the richest person in the Even if you exclude the Bitcoin Cash and other coins that Satoshi’s Bitcoin would have collected from forks in the past few years, 1 million BTC is worth a lot of money these days. Satoshi is a billionaire. In mid 2020 prices, Satoshi’s net worth is around 8.8 billion dollars. At its all time high on December 18 2017, when 1 BTC peaked at The faceless Satoshi Nakamoto enjoyed his or her fortune Sunday as Bitcoin hit a record high of $19,771, according to CoinDesk’s price index. That record would have made Nakamoto’s net worth a staggering $19.4 billion — enough to reach the 44th spot on Forbes‘s list, according to Quartz. Satoshi Nakamoto net worth: Satoshi Nakamoto is a Japanese-American computer software developer and alleged Bitcoin entrepreneur who has a net worth of $19 billion. Satoshi Nakamoto net worth. It is believed that Satoshi Nakamoto owns 1 million bitcoins (or more), which makes his present net worth to be $2.6 billion. In 2009 January, Satoshi mined the Genesis block, and in 2010, he officially stopped communicating.
Bitcoin for Beginners Playlist: Intro to Bitcoin, Satoshi ...
¿Quién se esconde detrás del pseudónimo Satoshi Nakamoto? En este vídeo le seguimos la pista. ... La identidad MISTERIOSA de Satoshi Nakamoto - Creador de BITCOIN - Duration: 14:10. Cripto ... Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto [email protected] www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent ... Do we Know? What is his Net Worth? A little history about the creator Bitcoin and Cryptocurrency, where the creator resides today and how much is he worth at the moment. Bitcoin creator Satoshi Nakamoto still owns huge reserves of bitcoins that he never did not move, which indicates caution and altruism of the developer. The mysterious creator of bitcoin, Satoshi ... We have solid proof the founder of Chainlink (Sergey Nazarov) was the creator of Bitcoin & Satoshi Nakamoto! This evidence is about as good as it gets, and pinpoints a 20 year old Sergey Nazarov ...