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Why I am still Bullish on Bitcoin After Hodling it for more than 4 years

I started buying btc ( which I never sold afterwards) in 2016, and have been holding only btc since then. I continue to hold it, and even buy it, even though today my so called btc stash is 20x its original price.
Here is my opinion about btc's expected price action in next 2-3 years
submitted by parakite to Bitcoin [link] [comments]

[ Bitcoin ] Why I am still Bullish on Bitcoin After Hodling it for more than 4 years

Topic originally posted in Bitcoin by parakite [link]
I started buying btc ( which I never sold afterwards) in 2016, and have been holding only btc since then. I continue to hold it, and even buy it, even though today my so called btc stash is 20x its original price.
Here is my opinion about btc's expected price action in next 2-3 years
parakite your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
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submitted by anticensor_bot to u/anticensor_bot [link] [comments]

New Siberian Bitcoin mining center set to provide 100 jobs to locals.

New Siberian Bitcoin mining center set to provide 100 jobs to locals.


13.6 acres of cold and barren land in Siberia will be put to good use with the support of international investors.

The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facility will become home to a number of hi-tech activities, including a Bitcoin (BTC) mining operation.

The facility will be built by BitRiver and is expected to create up to 100 local jobs. It will be equipped with the latest generation of ASIC miners and will take about a year to complete. In addition to cryptocurrency mining, the facility will be used for Big Data and the Internet of Things. The required investment is estimated at 691 million rubles or $0.9 million, to be provided by investors from the U.S.A., China, and Japan.

Siberia is one of the more attractive places in the world for Bitcoin mining. Its abundance of natural resources translates into low electricity prices, and its cold climate means that the miners do not have to spend as much energy on cooling. Is proximity to China, the main producer of mining equipment, should also make the outfit's supply chain more efficient.

It is possible that these advantages will be negated by the legal uncertainty surrounding the regulation of crypto mining in the region, however.

https://preview.redd.it/g95t000mwrv51.jpg?width=450&format=pjpg&auto=webp&s=586ed4c4980f64037ffd89373bb070604ec5f4b8
submitted by dibarto1973 to u/dibarto1973 [link] [comments]

Figures that neonazis would fit healthcare workers into their conspiracy theories.

https://donotlink.it/q7vyrb
As the reader is aware, the Daily Stormer took a very hard line against healthcare workers during the height of the coronavirus crisis.
At the end of March, the government decreed that the hospitals would be emptied out. That no one would be able to get any elective procedure, or go to a routine doctor’s visit, because they needed to save the space for all of the people who were going to be infected with the coronavirus.
Of course, because the coronavirus is an absolute hoax, and it is just the flu, very few people were going into the hospital at all. It is almost certain that more people died during this period from heart attacks and from various complications related to putting off elective surgeries than will ever die of the coronavirus.
Coronavirus isn’t the flu: https://www.contagionlive.com/news/why-comparing-flu-covid-19-severity-not-equivalent
The #FilmYourHospital hashtag trended as people filmed completely empty hospitals (before the content was banned by Twitter). The media claimed when this was happening that we just needed to wait, because oh boy, those millions and millions of sick are going to need those hospital beds. That never happened. No one ever apologized.
Those ended up being debunked: https://www.youtube.com/watch?v=yow0fa6_EH8
https://www.rawstory.com/2020/03/coronavirus-truthers-caught-in-epic-lies-and-distorted-stories-about-hospitals-crisis/
Did any of them go beyond reception?
https://www.rojakpot.com/filmyourhospital-empty-hospitals/
https://www.rawstory.com/2020/03/coronavirus-truthers-caught-in-epic-lies-and-distorted-stories-about-hospitals-crisis/
No economy is worth more than a life.”
As if collapsing the economy doesn’t kill people. Untold millions of people are going to die when the bottom finally falls out on this. The British government is openly saying that millions of third worlders are going to starve to death, and millions of Westerners are going to die from suicide and drug overdoses.
Citation needed. The economy was in bad shape before this: https://news.bitcoin.com/data-shows-the-us-economy-was-collapsing-5-months-before-the-coronavirus-outbreak/
I also especially hate these smug cunts, who should have been in the hospital gym doing back and shoulder exercises instead of condescendingly playing the boss and rubbing it in people’s faces that they’re not allowed to work because they want to do dance videos
They were doing nothing at work, but still had jobs while no one else was allowed to work, and they felt it was a good idea to go try to shame people who wanted to work.
They were continually being told what heroes they were, which I’m sure made them feel very important. People were posting memes showing them as superheroes fighting this evil virus, when in actuality, as we all saw, the only thing they were fighting was people who wanted to work – in-between their dance practices.
They were dancing to cheer up patients and celebrate recovered victims: https://nurse.org/articles/nurses-viral-tiktok-social-media-covid19-videos/
They weren’t doing it because they not doing anything else.
If these stupid bitches would have used their organization to come out in April and say:
We don’t really think this virus is a big problem. The hospitals are not overwhelmed, in fact, they are absolutely empty. We think the people should be allowed to go back to work.
Sigh: https://www.cbsnews.com/video/hospitals-overwhelmed-as-coronavirus-cases-skyrocket/
https://m.youtube.com/watch?v=9zGIJRR2XiM
https://www.cnn.com/videos/health/2020/07/09/coronavirus-california-hospital-lah-dnt-ebof-vpx.cnn
https://m.youtube.com/watch?v=SKsc1LfUI9w
This not good enough?
Then that could have made a big difference! This entire thing could have gone differently if all of the big medical groups would have come out and said it was a hoax. They all knew it was a hoax. They were in empty hospitals, doing dances!
But no.
They loved basking in the glory of being called heroes, and they probably loved the fact that they didn’t have to work. And now, they’re paying the price.
Of course, we’re all doomed. We can only keep printing dollars for so long. Eventually the bottom is going to fall out on our economy and everyone is going to pay the ultimate price.
But there’s no reason we can’t celebrate the downfall of the healthcare scum.
Meanwhile in reality: https://khn.org/news/essential-and-in-danger-coronavirus-sickens-even-kills-public-health-workers/
Healthcare workers are dying due to risking exposure to corona.
And at lower pay too: https://www.google.com/amp/s/www.brookings.edu/research/essential-but-undervalued-millions-of-health-care-workers-arent-getting-the-pay-or-respect-they-deserve-in-the-covid-19-pandemic/amp/
Also: https://donotlink.it/nPqnp4
People are still waiting for an explanation for why health care workers, the so called “essential” workers, have time to go out and counter-protest in the middle of what’s supposed to be an extreme crisis “overwhelming the hospitals.”
It must be especially strenuous given that they also have to work on choreographed dance routines every day.
Not every healthcare worker is essential. https://www.reddit.com/DebunkThis/comments/fuuph5/comment/fmew6th?utm_source=amp&utm_medium=&utm_content=comment_timestamp
submitted by ryu289 to skeptic [link] [comments]

India May Be Starting Its Biggest Bitcoin Bull Run Yet

India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March.

According to Coin Dance’s Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July.

Siddhartha Dutta, CEO of Marlin, a tech startup in Bangalore, said the recent spike in demand for bitcoin mirrors Indians’ reaction to demonetization in 2016. Back then some people learned the value of holding bitcoin, whose issuance is not controlled by any government
when the Indian government recalled a vast percentage of paper currency.

The old bills suddenly lost value due to a government decree. The idea that bitcoin’s value is based on market principles, instead of fickle government policies, made it particularly attractive.

The price of bitcoin on Zebpay, an Indian crypto exchange, had surged from $757 to $1,020 in 18 days after demonetization, while the bitcoin price in the U.S. remained relatively static. For some Indian investors, investing in bitcoin was a safe option to store their wealth and minimize the uncertainties caused by demonetization and a possible gold ban.

India’s growing crypto market dramatically slowed in 2018, when the Reserve Bank of India (RBI) ordered financial institutions to avoid working with crypto exchanges.
submitted by ami_nil1987 to airdropfactory [link] [comments]

India May Be Starting Its Biggest Bitcoin Bull Run Yet

India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March.

According to Coin Dance’s Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July.

Siddhartha Dutta, CEO of Marlin, a tech startup in Bangalore, said the recent spike in demand for bitcoin mirrors Indians’ reaction to demonetization in 2016. Back then some people learned the value of holding bitcoin, whose issuance is not controlled by any government when the Indian government recalled a vast percentage of paper currency.

The old bills suddenly lost value due to a government decree. The idea that bitcoin’s value is based on market principles, instead of fickle government policies, made it particularly attractive.

The price of bitcoin on Zebpay, an Indian crypto exchange, had surged from $757 to $1,020 in 18 days after demonetization, while the bitcoin price in the U.S. remained relatively static. For some Indian investors, investing in bitcoin was a safe option to store their wealth and minimize the uncertainties caused by demonetization and a possible gold ban.

India’s growing crypto market dramatically slowed in 2018, when the Reserve Bank of India (RBI) ordered financial institutions to avoid working with crypto exchanges.
submitted by ami_nil1987 to DigitalCryptoWorld [link] [comments]

Want to know how why Venezuela has an interim president that is not Maduro?

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All funds transfered will be used to buy medicines and food for people in need Venezuela. Please, donate. https://www.paypal.me/sorckas Bitcoin 1JdBWtt995mHH7uYbPjZJNDeh1KxvFMYgB Ethereum 0x5535EEeF023499419f965dc9336A6F339298dC24 Bitcoin Cash qp0r0akjaxfddqzlmskjlu0gq5ydweh0judwhpqn9n
Many people argue that Juan Guaidó is not the president of the republic, or that there's a coup d'etat in Venezuela. Other argue that the legitime president of Venezuela is Nicolas Maduro because he won elections, and therefore he should be president. There are so many people who want to know the true but they simply find biased information provided by government-funded agents such as TelesurTV that have clearly a bad reputation when it comes to report the venezuelan humanitarian crisis, the constitutional crisis, and every other aspect that you may find necessary to really understand what is going on Venezuela. To understand how we are here, we must learn about past events like designation of judges to the Supreme Court, derogation of the presidential referendum, dissolution of the parliament, a new designation of judges to the Supreme Court, and other things that I will try to put down in an effort to let people know what actually happened since 2013 to 2019.

First of all. How did Maduro came to presidency?

He was named vicepresident by Chavez, then Chavez died in 2013 which leaves Maduro as the interim president until new elections were convened in april of 2013, which Maduro claims he won, but the opposition contested and called to count the ballots something that the electoral body never does unless it is asked because the results are always issued electronically. The electoral body (put in there by the socialist party) didn't accept the petition to count the ballots.

2015 parliament elections

After the electoral body didn't accept to count the ballots, the discontent against the regime grew among the population, allowing the opposition to keep winning popular support. On December 6 of 2015 parliament elections were hold. The opposition won with 56% of the votes, something that many people didn't expect. The opposition obtained 2/3 of the seats in the parliament.
Both Maduro and the opposition recognized the results as the electoral body claimed that there were not any irregularities

13 new judges illegaly named

On December 22, 2015, the incumbent parliament members who were elected back in 2010 illegaly named 13 new judges to the Supreme Court, something that should have happened not in 2015 but in 2016. The vast majority of these new judges were parliament members the same day they were appointed to the Supreme Court. They even were the ones who proposed in the parliament to name new judges, and of course, they were members of the socialist party. The parliament back then was still controlled by the socialist party.

The Supreme Court declares null the election of deputies elected in December 6 of 2015

One of the socialist deputies who was illegaly named judge to the Supreme Court in December 22th of 2015, declared null the election of several opposition deputies in Amazonas state. This caused the opposition to lose the 2/3 of the parliament that it obtained after winning the election of December 6.

166 deputies sworn in to the parliament, including Amazonas' deputies

On January 6 of 2016, 112 opposition deputies were sworn in to the parliament, including those who were elected in the Amazonas whose election was contested

The Supreme Court outlaws the parliament

After the opposition-held parliament decided to sworn in three deputies who were elected in the contested Amazonas circuit, the supreme court decided, at petition of one parliament member of the socialist party, to outlaw the entire parliament alleging they disobey the orders to not swear in the Amazonas' deputies.

The opposition calls for a presidential referendum

According to the venezuelan constitution, you can recall any elected official after having completed half of the term for which the official was elected. This was the case for Maduro's presidential term which was at its half in April of 2016. The opposition wanted to recall and started the process to do so in April of 2016, but first, according to the constitution, they needed to follow a procediment to collect signatures which must be verified by the electoral body. The opposition needed only 300,000 signatures, they instead collected 2,1 millions of signatures
The opposition parties did call for the presidential recall, not the parliament. Just for clarification.

Electoral body cancels the presidential recall

Because of 10,000 suspicious signatures, the electoral body decided to cancel the entire presidential recall, this caused a huge discontent among the population. This excuse to cancel the presidential recall was already an obvious attempt from the electoral body to protect Nicolas Maduro

The parliament annuls the designation of judges to the Supreme Court

Because they were illegaly named, the opposition-held parliament decided in June of 2016 to annul the designation of the 13 judges who were named back in December of 2015.

3 deputies who were sworn in, were taken out

Beginning in 2017, in its first ordinary session, the parliament, then chaired by Julio Borges, deputy for the opposition coalition, officially disbanded the 3 challenged deputies, fulfilling the condition of the Supreme Court to exit contempt. However, the Supreme Court did not withdraw the contempt alleging that the old directive presided by Henri Ramos Allup is the one who must do the formalities

Supreme Court granted legislative powers to Nicolas Maduro

In March 27 of 2017, the Supreme Court granted legislative powers to Nicolas Maduro, however, they quickly clarified the judgement by issuing a clarification where the judges supressed to grant legislative powers to both the Supreme Court and Nicolas Maduro

Nicolas Maduro calls for a constituent assembly, to create a new constitution

On May 1, 2017, Nicolas Maduro, issued a decree to convene a National Constituent Assembly (ANC) based on a controversial interpretation of articles 347, 348 and 349 of the Constitution. This call again ignited the alarms of Venezuelan society, as many jurists point out that Maduro has violated the Constitution by usurping the functions of the sovereign people when calling a Constituent Assembly, when this power corresponds strictly to the People of Venezuela as a whole and not to people in particular. A Constituent Assembly is a supranational body, all-powerful institution that can change from the education curriculum to remove any officials of any branch of the government, including the president of the republic, reform or derogate the criminal code.
It would not be the first time a constituent assembly would be convened. Back in 1998 Chavez did the same, but first he called for a consultative referendum to decided whether the people agreed to convene elections to elect constituent deputies. If the results of the consultative referendum were against the election of constituent deputies then there won't be any constituent assembly at all. Nicolas Maduro didn't allow the people the chance to vote in a consultative referendum to decide whether we wanted a constituent assembly or not. He just directly call for elections to elect constituent deputies implying there will be a constituent assembly.
This move to call for a constituent assembly was seen as parallel national assembly.

"Maduro is the people"

On June 7, 2017, the Constitutional Chamber of the Supreme Court handed down judgment 378, which determined that the president was authorized to convene a constituent without a prior consultative referendum, since he acted in the name of the sovereignty of the people. Article 5 of the Constitution establishes that the sovereignity "resides intransferably among the people." People argue that Maduro himself can't act in the name of the entire population for these matters.

Attorney General filed a contentious electoral appeal agains the constituent assembly

On June 8, the Attorney General, Luisa Ortega Díaz, filed to the Supreme Court a contentious electoral appeal and precautionary relief for all purposes of the constituent assembly and, invoking Article 333 of the Constitution, invited all Venezuelans to join the appeal in order to stop the constituent assembly and preserve the validity of the current Constitution. The next day the vicinity of the Supreme Court was closed by State security forces preventing citizens from adhering to the appeal filed by the attorney general

Illegal appoinment of 13 judges elected in 2015 was contested by the attorney general

On July 2, 2017, the attorney general challenged the appointment of the 13 principal judges and 21 substitutes after it was known that in the process of appointing these judges, the Republic Moral Council (formed by the Citizen's Branch which includes the attorney general, the ombudsman, and comptroller) did not hold an extraordinary session to evaluate the scales of application, as established in Article 74 of the LOTSJ (Organic Law of the Suprme Court), but they sent the files of the candidates and then presented the minutes to sign it, which she refused to do so because the session had not been held. The next day, the ombudsman presented a document with the alleged signature of the attorney general alleging that she had signed the act. María José Marcano, former secretary of the Republic Moral Council accused the ombudsman of lying and presenting a forged document, because neither she nor the attorney general had signed the act as it was an act performed illegally due to political pressures

Attorney general was dismissed by the Supreme Court

At petition of a socialist parliament member, the Supreme Court dismissed the attorney general and granted its powers to the ombudsman that are exclusive of the Public Ministry

Opposition-held parliament appoints 13 new judges to the Supreme Court

Once the attorney general contested the election of the 13 judges to the Suprme Court illegaly appointed in december of 2015 by deputies of the socialist party, on July 21 of 2017 the opposition-held parliament decided to follow the procediment fulfill the necessity to appoint new judges to the Supreme Court. This time, every aspect of the process was fulfilled. Days later, Maduro started to jail these judges, however, many could flee the country before being kidnapped.
However, they are functioning as the legitime Supreme Court since it was named by the opposition-held parliament.

Elections to the constituent assembly take place on July 30

The only candidates were members of the socialist party because the electoral bases were designed to avoid any other person not affiliated to the party to be candidate. Only socialist party members could be candidate to the constituent assembly.
The election was denounce by most western countries, including Canada, the EU, Australia, among others.

Constituent assembly calls for presidential election

On January 23, 2018, the constituent assembly decreed that the presidential election scheduled for late 2018, should be held before April 30. Several countries in America and Europe have expressed their disavowal of the results due to the impediment of opposition parties participation and the lack of time for the lapses established in the electoral regulations.
Two days later, on January 25, the Supreme Court ordered the electoral body to exclude from these elections the ballot of the Democratic Unity Table (opposition coalition), arguing that within that coalition there are parties that have not complied with the validation process of political parties established in the law.

Presidential election took place on May 20, 2018

The only candidates were Nicolas Maduro, ex chavista Henri Falcón, and the evangelical pastor Javier Bertucci. Maduro obtained 68% of the votes. Henri Falcon didn't recognize the results, as did many countries around the world and the rest of the opposition parties.
The election was rigged as electoral observers including the Carter Certer condemned the election.
The parliament rejected the election.

Supreme Court in exile annul presidential election

On July of 2018, the Supreme Court that was named by the opposition-held parliament issued a decree to nullify the presidential election, ordering the parliament to name an interim president. Source

Christian Zerpa defects and flees to the US

On January 8, 2019, Christian Zerpa, one of the 13 judges named illegaly in 2015 by socialist parliament members, who also accepted the petition to outlaw opposition-held parliament, defected and fled to the United States, this being motivated by disagreeing with the swearing in of Nicolás Maduro for a second presidential term. Zerpa made a series of statements that questioned the independence of powers and the transparency of Venezuelan justice.
He confessed that he was appointed as a judge in the express process of 2015, because he had always been loyal to Chavez.

Maduro swore in to the presidency

After the presidential election that took place in May 20 of 2018, Maduro swore in to the presidency on January 10 of 2019. This must be done in the parliament but this time he did it in the Supreme Court.

Legislative year ended, new body president is approved

Juan Guaidó was elected president of the legislative branch on January 5 of 2019

Presidential term ended in January 10 of 2019 without an elected president of the republic

The parliament, after rejecting the election back then in May of 2018 and following the judgement issued on July of 2018 by the Supreme Court in exile, stated that there is not an elected president of the republic.
The powers of the executive branch must be transferred to the president of the legislative branch.

Juan Guaidó assumes executive powers, swore in in January 23 of 2019

As an interim president, he must call for elections in the next 30 days, however, there may be some inconvenients about having elections right now. Therefore, he called for a transitory government.

FAQ

What happened to the 13 judges named by the opposition-held parliament, and to the attorney general Luisa Ortega?

The new Supreme Court is fulfilling his duties in another country, as they're recognize by the OAS and the US.
Luisa Ortega now is exiled. She was replaced by the William Saab who was the ombudsman at the time she fled the country. The vice-ombudsman became the ombudsman.

Was the 2018 presidential election legitime?

The body who must convene the election must be the electoral body. For the 2018 presidential elections, the constituent assembly was the one who called for presidential election. If you don't recognize the constituent assembly, then you don't recognize neither the election it convened for.

Why we don't recognize the constituent assembly?

Because we didn't had a consultative referendum to decide whether we wanted a constituent assembly or not.

Why did the opposition parties boycott the election to elect constituent deputies?

The electoral bases for the election of constituent deputies, that took place in june 30 of 2017, were rigged. Only socialist party members were allowed to be candidate. The opposition parties were not allowed to have candidates. They don't even boycotted the election, they couldn't even be candidates.

Is Venezuela a socialist country?

Yes, it is.

70% of the Venezuela's economy is privately owned?

No, it isn't. In order to be on privately owned you first need private property rights. That's to say, if you own something, you then can put prices to products and even distribute/sell or buy whatever amount you want. That is not the case for Venezuela as most of its economy is actually collectively owned, based on socialist principles.
You can't put prices to products, and you get exprorpriated if you produce basic goods, for example. You can't sell them for profit.
submitted by callado to vzla [link] [comments]

Peter Schiff, December 2017: "If you can get a cryptocurrency backed by Gold instead of a fiat cryptocurrency then it can work."

First:
Peter believes the definition of fiat is "let it be" as in let something that has no value be money.
The real definition of fiat is "let it be" as in let something that has no value be forced upon a populous as money by authoritative decree.
Bitcoin has no authority therefore has no one forcing its use onto others. It also has global free market price discovery whereby the global free market determines the value of bitcoin. In both of these interpretations of the definition of fiat bitcoin is NOT fiat.
Second:
Backing something with a scarce asset like gold is only required when the object you are backing is not scarce in and of itself. The whole point of bitcoin is that it is the first usable form of true provable digital scarcity.
Backing a digital token with a physically stored asset defeats the purpose of backing it because that centralised physical good can be co-opted, co-erced, corrupted and confiscated at will.
The purest innovation of bitcoin is that it created digital scarcity without physical backing. If physical backing of a digital token was sufficient to create a usable global payments platform and currency then GoldMoney and E-Gold would still legitimately function, but they do not for this exact reason.
Finally:
All copies of bitcoin, imitations of bitcoin, and forks of bitcoin do not inflate its supply or dilute its scarcity. Anyone can copy the code but you cannot imitate or fake the security of the network (which is derived from the real computational power directed towards mining) or the network effect of the bitcoin blockchain (as all other forms of crypto tokens, even bitcoin forks, are not recognised as legitimate functional or accepted on the bitcoin blockchain).
So in conclusion this information hopefully opens up the discussion to how Peter Schiff is overlooking fundamental truths that prevent him from seeing the potential of bitcoin.
submitted by slvbtc to Bitcoin [link] [comments]

In Venezuela, buying up bitcoins, the rate is close to $ 9500

The Venezuelan currency of the Bolivar to the US dollar declined by more than 1% per day, follows from the official message of the country's central bank.
On December 6, the Bolivar rate updated its historical maximum, breaking the psychological mark of 40,000 and at the time of writing, is 41,623 bolivars per dollar. Since the beginning of the year, the bolivar rate has decreased by 22004.21%
The difficult economic situation has led to the highest inflation in Venezuela.
The Venezuelan economy has halved since 2013. Oil production and export fell to the level of the 1940s, multinational corporations leave the country, and foreign embassies close or reduce the number of diplomats. “Caracas has an eerie feel for a modern city whose people have gone on vacation forever,” said David Smild of WOLA, an American human rights organization. “The buildings, streets and roads remained the same, but there are half as many pedestrians, cars and goods.”
A few decades ago, Venezuelans flew from Caracas to Paris on Concorde supersonic airliners. Now they are leaving a country devastated by the economic crisis and finding themselves in political isolation for their two across the border with Colombia, Ecuador or Brazil. Foreign companies leave the country together with residents, while the remaining Venezuelans are rapidly curtailing their business.
The country has become a beggar, it even got to the point that McDonald's suspended the sale of Big Mac hamburgers in Venezuela due to a shortage of bread. Even toilet paper was once in short supply. However, with such inflation, it is economically more profitable to use money instead. Medicines are also in short supply.
How did “loving” citizens react to hyperinflation, lack of drugs and toilet paper, restrictions on daily cash withdrawals from banks and accrual of pensions at Petro, which they do not accept at any store? Three million have left, the rest are trying to survive on the ground.
The topic of cryptocurrencies would never have arisen in Venezuela if the authorities had not forbidden citizens to use freely convertible money. Of course, despite the prohibitions, the country has a black currency market, so it would seem that he exchanged the garbage of sovereign bolivars for enemy dollars and enjoy life.
The problem, however, is that there is nothing for people to exchange internally. The average salary is four dollars a month, in addition, paid in bolivars. By the time you get to the local currency speculator, the papers will depreciate to three dollars.
The whole parish, as it is, is the earnings of relatives and relatives who emigrated to Colombia, Argentina, Brazil and further throughout America. How to transfer their money to Venezuela if it is forbidden to use convertible currency?
It was then that cryptocurrencies came to the rescue. Why ordinary Venezuelans from more than 1600 cryptocurrencies opted for Bitcoin? Bitcoin as a cryptocurrency, of course, is endowed with objective advantages: it is an open and decentralized payment system with genuine anonymity, an instant transaction service, symbolic commission and the absence of intermediaries.
Talk about Petro. Petro has never been a cryptocurrency, but has always been a token, in addition to a vague etiology.
Cryptocurrency is a unit of account, transactions with which are carried out in a decentralized, cryptographically protected database - blockchain. A token is a debt obligation or contract for the provision of services in the present or in the future.
Petro has never had its blockchain. At first it was stated that the “national cryptocurrency of Venezuela” will exist on the Etherium blockchain, that is, in the form of an ERC-20 token. Then the documentation was changed, transferring the "cryptocurrency" to the NEM blockchain. At the last moment, they again changed their minds and “registered” in Etherium.
There is no need to talk about any decentralization of Petro: formally, the token is tied to the price of 1 barrel of Venezuelan oil, but this value is determined not by the market rate (which goes in the range of 42–72 dollars), but by decrees of the country's president. In addition, Ayacucho 1 oil reserves in the Atapirir region, which have never been developed by anyone, are offered as a “cryptocurrency” collateral.
For Venezuelans, Petro was and remains a fiction, and the last real refuge from poverty gives them the most real cryptocurrency - Bitcoin.
submitted by IRedditGirlI to Bitcoin [link] [comments]

On fungilbility and the blacklisting of bitcoins

Consider a Bitcoin that allows users to trace the transaction history of their coins vs one that has "fungibility and privacy improvements" that strip this information.
Which Bitcoin would offer more utility to society? I will argue that a Bitcoin with individually identifiable coins is superior and that fears of government blacklisting undesirable coins are misplaced.
First consider that the Bitcoin with identifiable coins offers the market more information than the one that does not. Simply put, a money that provides more information to market is better than one what provides less.
Many people seem to argue this would allow government(s) to blacklist certain coins they deem illegal and then control Bitcoin. If government were to do this, argue this is simply a soft fork of Bitcoin that would be ignored. People often talk about forks in the Bitcoin code, but the code is merely the implementation of the social consensus. It is the social consensus that determines Bitcoin's monetary policy and that is the base layer at which any fork occurs, with the software fork just being incidental and along for the ride.
Suppose government where to open up nodes and hard fork to a Bitcoin that gives them 1M extra coins raising the limit to 22M. Obviously this fork would be soundly rejected by the community and would flounder. Now consider that alternatively government owning 1M coins simply decrees that 1M coins owned by others are worthless and illegal to transact with. This would decrease the supply in this forked representation of Bitcoin and, if accepted increase the percentage of the Bitcoin they own.
This may very well start off as government stripping 1M "tainted or illegal coins", but would no doubt continue once it is established that government has this power over Bitcoin's monetary supply. Soon after, government would create some nonsense reason to blacklist the coins they haven't moved in X years, claiming they are abandoned, of course doing so would be of benefit to the state--increasing the value of their Bitcoins. This would continue with the state taking more and more of they value of the money supply until it ends in the same disastrous state that always eventually results when governments have control of they money supply.
Of course, I argue that such an attempt would backfire very badly for the state & those who sheepishly obey the command to fork Bitcoin to include only government-approved bitcoins.
Let us look at an often occurring situation where there is some shitty country that has mismanaged it's monetary supply to the point people are starting to use another harder money, such as perhaps the US dollar. Imagine a situation where you live in such a country and you have half your money in USD and half your money in a rapidly devaluing Tropico Peso. You would expect to see transactions in the Peso to increase as it drives out the "good money" USD--consistent with Gresham's law. In such a situation, the USD's value would climb relative to the Tropico Peso. This should be obvious as people would rather hold the dollars and spend the pesos.
Now imagine the Tropico government decreed that it is illegal to transact in dollars. This would only serve to hasten and magnify the collapse of the Peso, as now people can hold and spend Pesos, but they can ONLY hold dollars.
It is simply the case that the value of a money does not depend very much at all on how much people are able to spend it or willing to accept it, but rather the desire of society as a whole to hold the money as a store of value over.
One such evidence of this fact that was very shocking to me, was the price of Bitcoin immediately after the Silk Road was shut down. In late 2013, a large percentage of Bitcoin transactions were related to the Silk Road and after this avenue was closed off, the price quickly grew in value.
Therefore when government attempts a GASF, to fork Bitcoin into only government approved bitcoins, they create a situation where people following this fork are going to end up paying a premium for "clean, government approved" coins that are allowed to be spent, and a situation where there are "unclean" coins that cannot be used to buy things (but can still be held). Paradoxically I would expect the illegal coins to gain in value as they are being held (and traded in black markets).
Most probably GASF would fail with the market simply rejecting the government's fork attempt, but if it didn't it would inevitably fail later when government continued to meddle with the monetary policy to enrich itself, which would be to the benefit of anyone who ignored government and bought the "illegal coins" at a discount.
In short, Bitcoin's monetary policy is determined by social consensus. Blacklisting coins would be an attempt to fork that consensus and would surely fail causing great economic harm to anyone who followed it.
submitted by ztsmart to Bitcoin [link] [comments]

In my city, a sewing and dressmaking workshop makes facial masks to give to people. They need your help to continue

Hello friends, while in Venezuela at the end of the third day of Quarantine in 7 states of the 23 of the country, it has been officially confirmed by the President of Venezuela that the official number of people infected with coronavirus amounts to 36 people infected, for this reason and with the purpose of stopping the spread of the virus in the national territory has decreed quarantine in the 23 states of the country with closure in the limits of each state, no one can leave or enter from one state to another. Between so much anxiety and so much anguish caused by the arrival of the coronavirus in my country, I have seen something very beautiful and very positive, among all the sadness, in my city there is a tailor and sewing workshop in which they are in charge of making flannels and pants that They are marketed in the state of Táchira as well as for export to the border of Colombia and Venezuela, in view of the events of recent days regarding the sale and high price of face masks, they have been given the task of making face masks to give away to The different people from neighboring communities totally free, these face masks are made with materials and fabrics that should be made flannels, but their owners have decided to do face masks as social work and help people with limited resources.
https://imgur.com/xDg3GTG
https://imgur.com/FBGmyAm
https://imgur.com/gQPsTrR
In the first stage, it is expected that they can make around 2000 face masks to be donated and given to people, but they hope to receive donations of both fabrics and money from private companies to be able to carry out a greater number of face masks and be donated to those who do not have the resources to protect themselves from the infectious Coronavirus. Attempts have been made to contact different textile and fabric sales companies to try to request collaboration on fabrics and threads that are necessary to be able to perform face masks.
https://imgur.com/BucKmC0
https://imgur.com/8PiFaRs
https://imgur.com/24hbiM0
I have known about this case through my neighbors and acquaintances whom I have helped with the Bitcoin Cash adoption campaigns, I have decided to visit this tailor and sewing workshop with my father and it has seemed to us a very beautiful and great work heart on the part of the owners of this workshop. We have put ourselves in order to collaborate and likewise talk to you about Bitcoin Cash and I promised to write this publication to make the world known about this initiative to help and contribute in a good way. All the Money raised with this publication will be donated to this sewing workshop to buy fabric, its power to continue making face masks to donate and give to people with limited resources who do not have the money to buy face masks at sale prices. in Pharmacies for 5 dollars. We hope you can collaborate and this workshop can continue giving hope and thus be able to avoid the spread and spread of this virus. Thanks for every contribution made.
https://imgur.com/14NiaRz
Donation:
bitcoincash:qzsmn7lzl087j34n3kx4ptk2a8pwudyg4qetrq55lc
submitted by Mariamread to btc [link] [comments]

I've made 100 trades so far this year and ALL OF THEM have been gains, not one loss yet.

Moderator, slow your roll. I'm not selling anything. I've watched crypto pundits like Sunny Decree with his TA charts and The Crypto Lark saying how we have each won some and lost some. Meanwhile, I'm just making gains with a very simple plan and wanted to help demystify the success.
Everyone that's been telling you to dollar-cost-average is right. That is better than timing (guessing) market moves. But let me take that advice a little further for whoever wants to know. Here's when I get in and when I get out.
I get more bitcoin every payday. I kept asking to sell my labor for bitcoin instead of fiat until I found someone that agreed to. But even if you can't find those terms, just use BitWage to auto-convert your money into bitcoin for you. Yes, they take a 1%+ cut but so does the Exchange my clientele use to acquire the bitcoin they send me. Despite my clientele passing that cost onto me, I still see gains I would not have realized if the money was sent as dollars. I cannot change payday dates. I get paid every two weeks, regardless of what's happening with bitcoin price and it all still works out. I have not bled money.
I sell my bitcoin as my bills come in, one at a time. I don't time when to sell. Those bills creep in over the course of the month. Meanwhile, the 2 day or 2 week time passed since I got my last crypto pay has typically grown in value. Over time, the leftover money after paying all the bills keeps growing like a snowball. Eventually, I have enough new money to pay all the bills for a month without cashing out my next paycheck. I used to live paycheck to paycheck but since this bitcoin plan (of less than a year) I currently have 4 untouched paychecks queued up, each waiting their turn to be spent.
That's it. It's been a simple but productive plan. I use to hope I'd accrue at least 1 bitcoin before I can't afford to but I blew past that milestone many bitcoins ago. It doesn't require technical expertise or HODL discipline. I get paid once every two weeks and I liquidate enough to pay bills as they come in, one by one. I'm watching YouTube podcasts with all their drama and I keep shaking my head, saying to my phone screen "Gains are easy. Stop making it out to be so hard".
submitted by cooriah to Bitcoin [link] [comments]

Decred price, price and price.

The only thing that actually matter in cryptocurrency in all of the cryptocurrencies that includes Bitcoin and Decred is price, price and price and for the last time price, don’t fool yourself thinking that technology matter because it doesn’t, at least not at the moment. As at the moment all cryptos if they don’t make you money either in satoshis or actual dollars than you abandon that project, Bitcoin has all that attention because of the price and it will get more attention once the price goes beyond the all-time high of 2017.
Now in the case of Decred, this coin doesn’t have a halving so the minting of new coins gradually comes down, as right now that level is at 9.5% yearly for staking by 2024 the minting of coins will come even lower but at the moment you can expect about 10 coins or more for block, meaning that demand can be met so that price will continue to go down. But if you are a holder and staker in Decred than you are pretty much fuck at current prices, because the minting and the fact that only about 50% of all coins are being stake that means that half the coins are for sell or trade.
For holders of Decree they will need to wait some more years for the supply to reach minting levels of Bitcoins meaning that there will be pressure to sell. The people who are selling right now are miners and investor that go for a short profit, whole long time believers are stuck with coins that are less value with every sell there is in exchanges, but we decided to take that risk.
Now my message is intended for those that hold at least the price of one ticket why because they are the ones that are actually holding, why only people who at least hold 1 ticket and not 1 coin, well to have one ticket you need to either have $3000 or about 150 coins, so you have the capital and the intention to see this through.
As we all know ascis miner are being sold and bought in the market the people that buy miners for decred can point their miners to other coins that may be more profitable at a certain time, so in this case miners and stakers that stay in the project or are thinking to stay are my main audience here.
If you already bought a miner and believed in the project you need to stake your coins and pay the electricity out of pocket instead of selling your coins in the market and bring in the price down with your electricity cost. If you are only staking you need to buy at least one miner and take the cost of electricity upon yourself for that miner otherwise the price will continue to come down. So, if you are staking one ticket that means you have at least some money, you could buy a miner put it to work pay for the electricity and don’t sell your coins because of electricity, that way is the only way for the price to increase
You will also gain something else in return those coins that you are mining won’t be listed on any exchange, it is true mining is not profitable but you will get your coins free of any trail from the exchanges, the electricity cost will be your cost for having privacy clean coins.
Now you don’t need to go crazy about buying miners just buy one put it in your house mine decred, one miner no one may noticed it or know that you are mining or maybe they do but they won’t know your address.
Remember that decred doesn’t have a halving so the only way to have price pumps is in news and in users actually locking up their coins, until the supply is less the price will continue to drop if the community together doesn’t do anything and leaves things as they are price will come even lower.
Once privacy options are added your coins will be free from stains and once privacy comes online you will be golden only you will know from where you got them. Mining will help you with that.
Now in term of price as long as Bitcoin continues to go up the price of Decred may go up in dollar terms it may decline in satoshis value because of the bitcoin dominance, so at this point the only price that actually matter than is bitcoin price, because the dollar price will go up together with bitcoin, so the only one that we need to take care is the bitcoin side of things by selling less and staking more, and by mining so that big miners who are actually selling to pay their bills can be taken out of the equation.
The is the only solution to price declining to mine and to stake more, if the same people that are staking right now decided to mine and stake at the same time than the price may go up just a little bit because there it will be less people selling. But know for it to work you will need to foot the electricity bill as well. Staking doesn’t take that much money but look others are devaluing your investment so you need to go balls deep as a whole in your investment meaning those that are staking right now need to mine also at least with one miner for user.
So about $3500 for staking and about another $3000 for the miner and maybe about $1000 for electricity cost, that would mean each believer of decred will need to foot a bill of $7500.00, how possible is this for the whole community to do is everybody else’s guess, but that is what it will take for the price to actually go up and for miners to stop selling your investment.
Or wait for good news, but if prices fall for too long or too far down than price may never recover. Don’t let your greed take fully control of the community.
submitted by francis105d1 to decred [link] [comments]

Bitcoin and Bubbles - John Cochrane

submitted by gotamd to Economics [link] [comments]

The market cap of crypto, and the fundamentals, have little correlation with each other

90% of the conversations found here in cryptocurrency, and most other project subreddits are people illustrating their imagined future of the decentralized world ahead of us.

Today, that is all we really have. Bitcoin doesn't really do remittances at the moment. Ethereum has an exchange (IDEX) as its best DApp. Volume on Stellar's Decentralized Exchange for cross-border fiat exchange is .... lacking.
Augur just launched today, and we don't even know for certain if it is the product that we are hoping it is. At least the the valuation of Augur can actually begin now, rather than being just speculation.
But we can all have at the moment is our imaginations of the future, and some amount of pattern recognition skills that make us all relatively confident that this future we have imagined will arrive one day. Check out this web-mapping of different subreddits and people that subscribe to common subreddits.. Here we see this fantastical, narrative spinning, imaginative microsection of Reddit where people share stories about the future, and what the future might be like.
But the price gives no fucks about your imaginations. The reason why the stock market prices are generally stable is because people can replace their imagination of the future, with concrete calculations of future income, make rational comparisons to other companies, and come out with a decent decree of certainty about the future valuations of different stocks.
When Bitcoin was pushing 20k, and the Coin Market Cap was pushing .9 Trillion, we were all geniuses, because we thought the future was here, and we predicted it. Now bitcoin is pushing down on 6K and CMC is pushing .25 Trillion, and all of a sudden we realize that the future isn't here at all.
So how far away is the future? Wherever it is, I think it's coming at an accelerating pace. In 2017 and 2018, 100x more developers came to the space than in all of 2009-2016 combined. This means that fundamentals are progressing at an proportionally quick rate. Charlie Shrem, in the latest Bad Crypto podcast estimated that "Pretty much everyone has at least heard about cryptocurrency"..
People are coming to the space that we never expected. The NBA Commissioner David Stern is getting into Crypto with a project trying to allow anyone becoming a Sports commentator, kind of like how Twitch allows anyone to commentate a video game.
Celebrities left and right, along with their clout, are adopting crypto just as much all of your friends and family are (which means some of them)
"It can all go to 0" is the biggest bunch of bull I've ever heard. A simple thought experiment can take care of this. If Bitcoin dropped too low, I personally would buy as much as I reasonably could. So would many other people. It's a worldwide currency with a world full of buyers. Too many people are looking at the Bitcoin price, and asking "Should I buy today?".

Anyone who says "It can all go to 0" simply doesn't understand the unique collection of different technologies that Satoshi organized, or what it produces.

And now to my first and last point. The current price evaluations of Cryptocurrencies are 100% due to the imaginations of the future in our heads. Therefore, when Bitcoin falls below 6K, Ether below $400, or your preferred coin below its best support, it's because people have pushed out how far the future actually is. But the future is still there somewhere, and we all know in Crypto that for every bear market, where people think the future will never come, there is an equal and opposite bull market for people who think the future is tomorrow.

The truth lies somewhere in between.

submitted by davidahoffman to CryptoCurrency [link] [comments]

Bitcoin Halving: a Harbinger of a Bull Market or Coincidence?

Bitcoin Halving: a Harbinger of a Bull Market or Coincidence?
In this article, we will talk in detail about the Bitcoin halving, find out what it is, analyze how this event affected the market previously, study the theories of top traders and try to understand what to expect in the future. So, first things first.
https://preview.redd.it/58uagqpscqq31.jpg?width=640&format=pjpg&auto=webp&s=ae0b5759cf7916fb3492685a78ca1d19d0a66a17

Inflation?

The mysterious Bitcoin creator Satoshi Nakamoto was a real genius, as he came up with a rather smart solution to maybe the most important problem of any currency - inflation. The current Bitcoin rate inflation is 4% per year, while the US dollar 1,91%, the Indian rupee 5,24%, the Russian ruble 4,33%, etc. However, Bitcoin inflation will continue to decrease until it reaches 0% in 2140.
To begin with, the Bitcoins issue is limited, in total, 21 million coins will be issued. As you know, Bitcoins are not issued by any single centralized authority - they are mined. And by analogy with precious metals, the mining complexity will constantly increase, while the reward for the work done will decrease. The whole thing is the correct implementation of source code, as well as the so-called halving, which means that the miners get half as many coins every four years. Thus, by rough estimates, the last Bitcoin will be mined in May 2140.

What is halving and how does it work?

To explain what halving is, let's first understand how Bitcoin works. So, this digital coin is based on blockchain technology, which is a decentralized data accounting book, exact copies of which are located on miner computers around the world.
As you know, each book consists of pages, in our case these are blocks. Each block has its own unique serial number. Miners solve complex mathematical equations to form a new block and receive a reward in the form of coins for the work done. The size of this reward is halved every 210 thousand blocks. Considering that about 144 blocks are mined per day, this event occurs approximately once every four years. This is what is called halving. The short Bitcoin history includes two halvings:
  1. 11/28/2012 the reward for the found block was reduced from 50 to 25 BTC.
  2. 07/09/2016 the award halved again from 25 to 12.5 coins.
The next halving should happen on May 23, 2020, then the reward will again decrease by half and amount to 6.25 BTC.

A brief analysis of the first halving

On the day when the first decrease in the reward for the found block happened, the BTC rate showed a slight movement - the price increased by only 1.7%. But if you look at the big picture, you can see that the asset began to grow several months before this event, and just continued to move up after halving. Thus, the BTC rate increased from 13 to 260 US dollars in just four months.
https://preview.redd.it/89x4xdmvcqq31.png?width=934&format=png&auto=webp&s=af38bb2957a876c9f447b411db7a7e09d5ea21bc
This was followed by a rollback in price up to $80, but later a real bull race started and lasted until December 2013. At that time, the asset grew to unimaginable values, its rate reached the level of 1150 US dollars. Well, and of course, after such an increase, a tight correction of the price and a protracted bear market followed.
Pay attention to the complexity of the Bitcoin network during this event. The chart below shows, that the hash rate began to increase rapidly a few months before the halving, and the growth did not stop after it.
https://preview.redd.it/ljb35j7xcqq31.png?width=1335&format=png&auto=webp&s=f61f7a35294d500163e495370c8ece9fd27d68f5

A brief analysis of the second halving

The second halving occurred in less than four years - on July 9, 2016. This time, the reward for miners fell to 12.5 BTC. It is important to note that the time between the first and second halvings was 1316 days or 3.6 years. Moreover, if to analyze the data, you can see that the market started an upward movement about 9 months before the event. During this period, the BTC rate rose by 112%, and after the Bitcoin halving, it continued to grow till December 2017 and stopped at around $20,000 per coin.
We can also see how the hash rate increased against the background of the second halving. The chart below shows that the complexity of the Bitcoin network throughout the bear market in 2014-2015 was about the same value, but this figure began to grow rapidly about six months before the halving.
https://preview.redd.it/wylqu1wycqq31.png?width=1366&format=png&auto=webp&s=a84acd976f6ae945c390615797234e20473fecaf
Therefore, the miners' interest in Bitcoin has grown significantly a few months before the event. And just like the previous time, the hash rate of the network continued to grow after halving.

In the run-up to of the third halving

As we all remember, a rather encouraging 2018 followed the euphoria of 2017, and the rates of all coins fell down to 90% of their peak values. According to technical indicators and the general mood in the market, we can say that the bear flag lasted until April 2, 2019. On this day, the Bitcoin exchange rate rose from $4,100 to almost $5,000, then an upward movement began. Note that this happened 13 months before the upcoming halving.
Further, the BTC rate continued to grow rapidly and reached the level of $14,000 at the end of June, followed by a rollback and the price held at around $10,000 for a long time. But on September 24, 2019, there was a fairly powerful price drop, the rate fell by $1,500 in less than a day, and at the time of this writing, the market price of one BTC coin is $8,200.
Note that the resumption of BTC growth this year was again accompanied by a significant increase in the hash rate. The complexity of the network from April to September has more than doubled, and it continues to increase.
https://preview.redd.it/dnivyfm0dqq31.png?width=1366&format=png&auto=webp&s=29c3ecbce63bfed760c0c98af0e2db5948a456d3

How will halving 2020 affect the price?

Many market participants are wondering how will the third halving affect the market situation? Unfortunately, we can’t know the future, we can only analyze the current situation, compare it with historical data and draw certain conclusions.
In this article, we take the theories of two famous traders - Bob Lucas and Sunny Decree. They both analyzed in detail previous halving and made their forecasts regarding the market reaction to the next halving.

Sunny Decree Theory

He believes that the expectation of a halving will lead to Bitcoin price rise, as it was in previous times. He uses the BLX index to confirm this theory - this is the most complete history of the BTC price on the Internet, this is data actually from its very foundation.
The first cycle until November 2012 (before the first halving) is not so important for us since at that time Bitcoin was still a fairly new concept. Almost no one knew about its existence, and there were not many exchanges where it could be traded. However, we can use the second cycle as a projection for the third, in which we are now. The key role in the formation of new cycles is not in the reduction of inflation itself (that is, the Bitcoin halving), but trading activity in anticipation of it.
https://preview.redd.it/4kczz6a2dqq31.png?width=1306&format=png&auto=webp&s=f0734155c3af4755935bcb052572585a124128f6
Each of these cycles can be divided into several phases:
  • The first phase, which is not highlighted in color, is the bull market when the price forms a parabolic upward movement and market participants are in euphoria
  • The second phase is highlighted in red - it is a bear market that afflicts traders and most investors.
  • The third phase is highlighted in orange - it is an accumulation that begins after reaching the bottom.
  • The fourth phase is marked in yellow - this is a parabolic movement after accumulation, which occurred throughout all three cycles.
  • The fifth phase is highlighted in gray - this is the continuation of accumulation until halving and a new bull rally.
It to look attentively at the current cycle (that is, the third) we can see:
  • the first phase is a bullish trend up to $20,000.
  • the second phase is a drop to $3200.
  • the third phase is flat, which did not differ in increased volatility, at that moment the whales accumulated coins.
  • the fourth phase - a sharp increase, up to $14,000.
  • the fifth phase - a new correction to $8,200 and the continued accumulation of assets.
This theory tells us about the continuation of accumulation until the next halving in May 2020, which should be followed by a new bullish trend.
Now let's move on to the price forecast. The difference between the high of the first and second cycle is about 3600%, between the second and third - 1600-1700%. That is, each time the profit as a percentage goes down, so the third cycle was approximately half weaker than the second. As a result, according to Sunny Decree's theory, projecting the estimated percentage of growth proportionally, we can expect that the next BTC high will be at around $185,000. Using the structure of the third cycle, we can suggest that the peak of the bull market will happen in the summer of 2021.

Bob Lucas theory

Next, let's look at the theory of professional trader Bob Lucas. He analyzes the so-called cycles. In his opinion, the last four-year cycle (which contained 52 weeks in the drop and 153 weeks in growth) came to its end, it took 205 weeks in total.
Bob Lucas believes that the price we saw on December 10, 2018, was the end of this cycle. It is important to understand that the video in which he tells this theory in detail appeared on his channel on April 2, 2019 - on the very day when the market began to grow, so six months later we can notice that he was right in many ways, but not in everything.
So, Bob Lucas says in his video that at the beginning of a new cycle we will see the incredible power that will rapidly push the price to new levels. Lucas noted that at the time of recording the video, a lot of people are beginning to actively buy BTC in hope on rapid growth.
He believed that in April the market was not yet at the stage of the final bull race. He said that there will be growing up to plus or minus $6,000 in the near future, followed by a tough correction that will unsettle many weak investors. In his opinion, during this correction, the price may even update the December bottom, and only after that, a new cycle will begin, which will last about 150 weeks in growth. As for the final price, he does not have a specific figure, but he believes that the rate of the first cryptocurrency will be more than 100 thousand US dollars.
He stated that a hard correction should happen around August 2019, but in fact, it did not happen. Even though he made a mistake with the time frame and the estimated rate of BTC, he predicted the vector of the development of the situation quite correctly. Recent events are an excellent confirmation of this when on September 24, 2019, the BTC rate fell by $1,500 in less than a day. It was the correction Bob Lucas spoke about, but it happened a month later than he expected. Yes, it`s not likely that the rate falls to $3,000, but in current conditions, it is quite realistic to imagine a BTC rate of $6,000. Indeed, many analysts and experts agree that the “bloody Tuesday”, September 24th was not the final fall, it caused the next phase of accumulation of assets, which will take some time.

Neironix research department opinion

Let's drop someone else’s opinion and do what professional investors usually do - just take the facts we have and analyze them with a cold head.
  1. If to take a look at the BTC chart for its entire history, you can see certain patterns that have been repeated in a cyclic form several times.
  2. These cycles are conditionally divided by halvings, according to the principle of one halving - one parabolic growth.
  3. Even after shocking price kickbacks, the BTC rate never again fell to the values ​​that were before the start of the parabolic growth.
  4. Each subsequent halving increases the cost of mining BTC, which plays an important role in increasing the value of the coin.
  5. Bitcoin Halving 2020 is a very hype event, so in any case, this will affect the price.
Can we predict the future based on this? Of course, we cannot know for sure what surprises the cryptocurrency market is preparing for us. But no doubt that the cryptocurrency market, moreover Bitcoin, has great prospects. Bitcoin should be considered only as a long-term asset, which has always shown huge returns for a long period of time.
But it is important to understand that this article is not a guide to action since the digital coin market is quite unpredictable and it is a rather difficult task to foretell any outcome in advance. Do not invest in cryptocurrencies more than you can afford to lose. If you spend more money than you can effort, then you will not be able to think rationally and survive often storms in this young market. Treat your investments with a cold mind, and then you will succeed.

Conclusion

Bitcoin has already survived two halvings during its short history, and in less than nine months, we will see another decrease in the reward for miners. If you carefully study the charts, you can see that the BTC rate always grows before the halving. And after it, the market goes into a phase of parabolic growth, it lasts about a year, and then comes the correction and a protracted bear market.
A similar scenario has already been repeated twice and many traders believe that we will see a similar picture in the future, since the next halving should take place in May 2020. We observed a significant increase in the hash rate, the number of wallets, transactions and an increase in the rate of the main cryptocurrency 13 months before this event.
Earlier that we carried a detailed analysis of the current state of the Litecoin cryptocurrency, and also analyzed its behavior against the background of the recent halving that took place on August 5, 2019. If you are interested in this topic, here is a link to our study.
submitted by neironixio to u/neironixio [link] [comments]

The Statue of Liberty, Mystery Babylon, Freemasonry and The New Roman Empire / Fourth Reich

The Mother of Exiles and the Destruction of Babylon

I've always thought Mystery Babylon in Revelations was America. Lots of signs point to that. Inanna/Ishtar was known as the Whore of Babylon and Mother of Prostitutes because she supposedly started the practice of sacred prostitution. Inanna was the goddess of love, beauty, sex, desire, fertility, war, combat, justice, and political power.
https://en.wikipedia.org/wiki/Sacred_prostitution
Sacred prostitution, temple prostitution, cult prostitution,[1] and religious prostitution are general terms for a sexual rite consisting of sexual intercourse or other sexual activity performed in the context of religious worship, perhaps as a form of fertility rite or divine marriage (hieros gamos). Some scholars prefer the term sacred sex to sacred prostitution in cases where payment for services was not involved.
But some scholars believe that this practice never existed and has been misunderstood.
The practice of sacred prostitution has not been substantiated in any Ancient Near Eastern cultures, despite many popular descriptions of the habit.[7] Through the twentieth century, scholars generally believed that a form of sacred marriage rite or hieros gamos was staged between the king of a Sumerian city-state and the High Priestess of Inanna, the Sumerian goddess of sexual love, fertility, and warfare, but no certain evidence has survived to prove that sexual intercourse was included. Along the Tigris and Euphrates rivers there was a temple of Eanna, meaning house of heaven[8] dedicated to Inanna in the Eanna District of Uruk.This will be relevant in my next post about the source of Yahweh's narcissism but for now, I'm just using this to illustrate part of the reason I think America is Babylon.
http://4.bp.blogspot.com/-KlpGZ9JO_d4/U0P2Y-3kfEI/AAAAAAAAMJs/PEwa9mPU67w/s1600/Lady+Liberty+-+Statue+of+Liberty+-+Inanna+-+Ishtar+-+Anunnaki.jpg
https://2.bp.blogspot.com/-tSRx02UBNgI/U0P3ep3x4TI/AAAAAAAAMJ0/rtpe2JWA2ew/s1600/Roman+statue+goddess+libertas+-+staue+of+liberty.jpg
The Statue of Liberty is a representation of the Roman goddess Libertas. Which is a goddess that derived from many other goddesses: Inanna, Ishtar, Isis, Aphrodite, Venus, etc. Ultimately this goddess was transformed in a personification of America and liberty called Columbia. And just like Inanna, is it any wonder America seems to have 2 split sides to it? One side that is sexually repressed and all about virtue. And another that is obsessed with sex, violence, war
https://en.wikipedia.org/wiki/Columbia_(name)
There's also the fact that the way Babylon is described sounds a lot like America. Getting the whole world drunk on our luxuries and riches, being arrogant and being fools who know nothing. This sounds like America too.
The Sumerians worshipped Inanna as the goddess of both warfare and sexuality. Unlike other gods, whose roles were static and whose domains were limited, the stories of Inanna describe her as moving from conquest to conquest. She was portrayed as young and impetuous, constantly striving for more power than she had been allotted.
Inanna also was depicted as riding a Lion and she associated with the planet Venus.
https://i.pinimg.com/originals/fc/b2/6e/fcb26ee6c838d85f53dada348b1d9863.jpg
http://www.mesopotamiangods.com/wp-content/uploads/2014/08/3a-Anu-Inanna-1.jpg
https://goddessinspired.files.wordpress.com/2012/06/inanna-descent.jpg
Regulus is a part of the constellation Leo and considered "the heart of the lion". Considering Regulus is a very important star in Trump's birth chart apparently, and that star was known as The King in Babylon (known as the little king as well in other places), that would make Trump the King of Babylon.
In 2014, Regulus was eclipsed by an asteroid for 14 seconds right over New York.
https://www.nymetroweather.com/tag/regulus/
An asteroid will pass directly in front of Regulus, one of the brightest stars in our night sky, next Wednesday — briefly blacking out the star in what astronomers are calling a “once in a lifetime” event. Better yet, New York City falls directly within the viewing path which is literally paper-thin on the earths scale. The event is so small, and so brief, that it will only be visible over a sliver of area. And this area happens to encompass millions of people in New York City, Northeast NJ and Long Island.
https://www.space.com/25084-regulus-star-lion-constellation-leo.html
On Thursday, March 20 2014, Regulus will participate in a rare celestial event when an asteroid passes directly in front of the star, as seen from Earth. The asteroid in question is 163 Erigone. Asteroid 163 Erigone is about 45 miles (72 km) wide, but its "shadow" slanting to Earth's surface will be 67 miles (108 km) wide.
Erigone's shadow will move on a southeast-to-northwest trajectory and will extend from New York City as well as western and central Long Island to Oswego in New York State, and then continues northwest, the length of Ontario to the Hudson Bay shore of Manitoba. Those who are within the shadow path and watching at just the right moment with just their eyes will see an amazing sight: Regulus will seem to abruptly disappear as if a switch had been thrown, blotted out by the tiny invisible asteroid.
Regulus will remain invisible for up to 14 seconds (for those situated along the center of the path); an incredible, albeit very brief occurrence.
This "once in a lifetime event" eclipsing right over New York. Where the Statue of Liberty is.
Revelations 17
There I saw a woman sitting on a scarlet beast that was covered with blasphemous names and had seven heads and ten horns. 4 The woman was dressed in purple and scarlet, and was glittering with gold, precious stones and pearls. She held a golden cup in her hand, filled with abominable things and the filth of her adulteries. 5 The name written on her forehead was a mystery:
15 Then the angel said to me, “The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages. 16 The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority, until God’s words are fulfilled. 18 The woman you saw is the great city that rules over the kings of the earth.”
America's colors are red, white and blue. Red+Blue = Purple. Purple apparently represents royalty as well as vanity. Scarlet represents the blood of Christ and martyrs.
The woman was dressed in purple and scarlet
https://en.wikipedia.org/wiki/Purple
The color purple is also associated with royalty in Christianity, being one of the three traditional offices of Jesus Christ, i. e. king, although such a symbolism was assumed from the earlier Roman association or at least also employed by the ancient Romans.
In Europe and America, purple is the color most associated with vanity, extravagance, and individualism. Among the seven major sins, it represents vanity. It is a color which is used to attract attention
https://en.wikipedia.org/wiki/Scarlet_(color)
In the Roman Catholic Church, scarlet is the color worn by a cardinal, and is associated with the blood of Christ and the Christian martyrs, and with sacrifice.
According to this, the creator wanted the Statue of Liberty to be covered in gold.
and was glittering with gold
https://parade.com/311395/viannguyen/10-things-you-didnt-know-about-the-statue-of-liberty-she-was-almost-gold/
**8.Bartholdi planned for the statue to be covered in gold.**In order to make the statue visible after dark, Bartholdi proposed that Americans raise the money to gild her. However, given how daunting and arduous a task it had been to gather even enough money to place the statue in New York harbor, no one followed through on paying the enormous cost of covering the massive statue in gold.
Not to mention this little interesting fact that brings the 2nd Beasts actions that are spoken of to mind.
:The second beast was given power to give breath to the image of the first beast, so that the image could speak and cause all who refused to worship the image to be killed.
:**9. Thomas Edison once had plans to make the statue talk.**When Edison introduced the phonograph to the public in 1878, he told the newspapers that he was designing a “monster disc” for the interior of the Statue of Liberty that would allow the statue to deliver speeches that could be heard up to the northern part of Manhattan and across the bay. Thankfully, no one pursued that strange promise, which would have led to the odd experience of walking in New York and suddenly hearing the Statue of Liberty “talking.”
precious stones and pearls.
http://justfunfacts.com/interesting-facts-about-the-statue-of-liberty/
There are 25 windows in the crown which symbolize gemstones found on the earth and the heaven’s rays shining over the world.
https://www.theatlantic.com/technology/archive/2016/10/that-time-the-statue-of-liberty-almost-got-a-glowing-wrist-watch/504110/
The sculptor Frédéric Auguste Bartholdi designed the statue to be fully illuminated, a feature that’s suggested in its official name, “La Liberté Eclairant le Monde,” or “Liberty Enlightening the World.” (At first the Statue of Liberty doubled as a lighthouse, given its position in the New York Harbor, but that didn’t last: It was decommissioned as such in 1902.)
Originally the lighting scheme was to be red, white, and blue—with a giant searchlight trained on the statue’s face and shoulders. Officials claimed in 19th-century newspaper accounts that they would make the statue so bright as to cast a glow on the clouds of the night sky 100 miles away. The statue’s face was to be lit by a reflector so bright that newspapers described it as “4 million candle power.” Her diadem was meant to sparkle with electric light. These were lofty goals in the dawn of the electrical age, and they carried symbolism that has lost much of its potency now that electricity is taken for granted.
https://thumbs.dreamstime.com/b/torch-statue-liberty-closeup-isolated-white-background-56181619.jpg
She held a golden cup in her hand, filled with abominable things and the filth of her adulteries.
In the torch, the flames are covered in gold. Looks enough like a cup. Also, in Isaiah 14:12 (another prophecy detailing the fall of Babylon that I didn't bother copying and pasting all of here) it refers to Babylon (or it's king) as "Lucifer, son of the morning". Lucifer means "light bringer" (hence the torch and the statue's original name being Liberty Enlightening the World) or "morning star" which is another name for the planet Venus which is associated with Inanna/Ishtar.
How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!
https://twistedsifter.files.wordpress.com/2014/07/statue-of-liberty-from-above-aerial-satellite-photo.jpg
Notice how that star shape has 11 points? Seems like a strange number.
The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority
The 10 kings + the beast = 11.
The seven heads are seven hills on which the woman sits. They are also seven kings.
It has 7 spikes coming out of the head.
https://timedotcom.files.wordpress.com/2013/06/01_00240318.jpg?quality=85
We're a very diverse country and Lady Liberty represents us taking in people from all countries. We pretty much control the world (for now) as the 7 hills represents the 7 continents, which is literally what is said they represent. Plus she's literally sitting on an island in the water.
Then the angel said to me, “The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages.
The creator of the Statue of Liberty, Frédéric Auguste Bartholdi, was a Freemason and they placed this plaque at the base of the statue.
https://untappedcities-wpengine.netdna-ssl.com/wp-content/uploads/iyftc1oqf704bytwz45ub151.wpengine.netdna-cdn.com/wp-content/uploads/2014/11/Statue-of-Liberty-Freemason-Cornerstone-NYC.jpg
Masonic theories abound about the Statue of Liberty’s connection to the masons. Those who do ascribe to the theory cite Bartholdi’s and Eiffel’s membership in the Freemasons, that many original plans for the statue demonstrate the link and that many elements of the statue carry symbolic meaning.
In addition, the masons presided over the cornerstone laying for the Statue of Liberty, a moment commemorated in a 1984 plaque in dedication to the masons on the 100th anniversary. In 1884, the grand master William A. Brodie laid the cornerstone with grand lodge members present. Brodie is reported to have said, “Why call upon the Masonic Fraternity to lay the cornerstone of such a structure as is here to be erected? No institution has done more to promote liberty and to free men from the trammels and chains of ignorance and tyranny than has Freemasonry.”
Then there's the poem that is inside the base.
The New Colossus
Not like the brazen giant of Greek fame,With conquering limbs astride from land to land;Here at our sea-washed, sunset gates shall standA mighty woman with a torch, whose flameIs the imprisoned lightning, and her nameMOTHER OF EXILES. From her beacon-handGlows world-wide welcome; her mild eyes commandThe air-bridged harbor that twin cities frame.
"Keep, ancient lands, your storied pomp!" cries sheWith silent lips. "Give me your tired, your poor,Your huddled masses yearning to breathe free,The wretched refuse of your teeming shore.Send these, the homeless, tempest-tost to me,I lift my lamp beside the golden door!"
The Mother of exiles.

Prophecies of the Destruction of Babylon / America / New York

Jeremiah 51
45 “Come out of her, my people!Run for your lives!Run from the fierce anger of the Lord.46 Do not lose heart or be afraidwhen rumors are heard in the land;one rumor comes this year, another the next,rumors of violence in the landand of ruler against ruler.47 For the time will surely comewhen I will punish the idols of Babylon;her whole land will be disgraced
Well, we're definitely hearing of rumors of violence here in America and if there aren't rumors of ruler against ruler, we're going hear them soon.
The Bible details the destruction of Babylon a few different times. Mystery Babylon seems to be a new Babylon, different than the one in Biblical times, that gets destroyed at the end. Everything described here sounds like America and the King of Babylon being Trump. The capital being New York.
With the eclipse of Regulus in 2014 for 14 seconds right over New York. I think they might get hit with something major. Maybe a hurricane. This season is suppose to be bad and FEMA is saying they are completely unprepared. I'm sure that wasn't on purpose or anything. I think maybe a big earthquake might happen soon too in the next month. Seeing a lot of weird shit. A lot of polarity with the planets and asteroids. I think it's all connected to our polarity as the Trump Delusion continues. You seeing these reports and videos of these racist people just saying mean shit to people all over the place now for no reason? They're lashing out because they're scared their delusion bubble might burst so they're acting out. It's only going to escalate until both sides completely lose their fucking minds.
OLD TESTAMENT, ISAIAH, JERMEMIAH
https://www.biblegateway.com/passage/?search=Isaiah+13&version=NIV
https://www.biblegateway.com/passage/?search=Isaiah+14&version=NIV
https://www.biblegateway.com/passage/?search=Isaiah+21&version=NIV
https://www.biblegateway.com/passage/?search=Jeremiah+50&version=NIV
https://www.biblegateway.com/passage/?search=Jeremiah+51&version=NIV
NEW TESTAMENT, BOOK OF REVELATIONS
https://www.biblegateway.com/passage/?search=Revelation+17&version=NIV
https://www.biblegateway.com/passage/?search=Revelation+18&version=NIV
https://www.biblegateway.com/passage/?search=Revelation+19&version=NIV

The New Roman Empire / Fourth Reich & The Double Headed Eagle of Lagash

http://watchmanscry.com/?p=6230
Welcome to General Election 2016 – The Transition
The Hegelian Dialectic is the transition of things. And the Illuminati loves to use it. We have been expecting it.
We have read about it. And now it is here, in front of our faces. And many are IGNORING it.
Folks, we are witnessing Hegelian logic on display.
How we got here is an aside, but here we are. The disease is Hillary, and the medicine is Trump. For most folks, that’s all that matters. Case closed. What most citizens do not realize is that this is all a ruse. A mirage.
It is being carried by, “they.”
“They” are using the illusion, because America was stationary and stubborn.
“You can’t New World Order me!” Americans said, “…Because we know about you.”
Did the globalists go away and cry in their beer? Nope. They knew this would happen. It was expected. Butsome of the citizens heard a few radio shows that told them, “we’re gonna win.”
Hegel’s dialectic utilizes the “mirage.” And then steers the people through its house of mirrors with scary monsters. In America’s case, the monster is a short woman with a trucker’s voice named Hillary. Their task is simple. Globalism. But how do they get there?
Simple:
Scare them with the Thesis – Hillary / the Enemy of Freedom.
And offset her with the Anti-thesis – Donald the Lion-Hearted / Champion of the People.
…Next stop – the Synthesis. Ashes with a rising phoenix.
It's right there in front of us. Do you see it folks?
This is also known as
Problem > Reaction > Solution
Ultimately this is leading to:
Problem: Trump vs Deep State
Reaction: Global Disaster
Solution: One world government and one world currency
They say this is a double headed eagle, it's not. It's a double headed Phoenix. And it's the symbol of the Scottish Rite of Freemasonary.
http://uscnjpha.org/history/double-headed-eagle/
http://uscnjpha.org/wp-content/uploads/2015/11/F.png
“The Double Headed Eagle of Lagash” is the oldest Royal Crest in the World… No emblematic device of today can boast of such antiquity. Its origin has been traced to the ancient city of Lagash. It was in use a thousand years before the Exodus from Egypt and more than two thousand years before the building of “King Solomon’s Temple.”
“As time rolled on, it passed from the Sumerians to the men of Akkad, from the men of Akkad to the Hittites, from the denizens of Asia Minor to the Seljukian Sultans from whom it was brought by the Crusaders to the Emperors of the East and West, whose successors were the Hapsburgs and the Romanoffs.”
“In recent excavations, the city-emblem of Lagash was disclosed also as a lion headed eagle sinking his claws into the bodies of two lions standing back to back. This is evidently a variant of the other eagle symbol”.
“The city of Lagash is in Sumer in Southern Babylonia, between the Euphrates and the Tigris and near the modern Shatra in Iraq, Lagash had a calendar of twelve lunar months, a system of weights and measures, a banking and accounting system and was a center of art, literature, military and political power, five thousand years before Christ”.
“In 102 B.C. the Roman Consul Marius decreed that the Eagle be displayed as a symbol of Imperial Rome. Later, as a world power, Rome used the Double-Headed Eagle, one head facing the East the other facing the West, symbolizing the universality and unity of the Empire. The Emperors of the Holy Roman Empire continued its use and the symbol was adopted later in Germany during the halcyon days of conquest and imperial power”.
So far as is known, the Double-Headed Eagle was first used in Freemasonry in 1758 by a Masonic Body in Paris – the Emperors of the East and West. During a brief period the Masonic Emperors of the East and West controlled the advanced degrees then in use and became a precursor of the “Ancient Accepted Scottish Rite”.
The Latin caption under the Double-Headed Eagle – “Spes Mea in Deo Est” translated is “My Hope Is In God”.
A part of this sounds familiar
“In recent excavations, the city-emblem of Lagash was disclosed also as a lion headed eagle sinking his claws into the bodies of two lions standing back to back. This is evidently a variant of the other eagle symbol”.
https://i.pinimg.com/originals/6f/a6/cb/6fa6cb2757061c76d7aa6ea211e2868c.jpg
https://goddessinspired.files.wordpress.com/2012/06/inanna-descent.jpg
In 102 B.C. the Roman Consul Marius decreed that the Eagle be displayed as a symbol of Imperial Rome. Later, as a world power, Rome used the Double-Headed Eagle, one head facing the East the other facing the West, symbolizing the universality and unity of the Empire. The Emperors of the Holy Roman Empire continued its use and the symbol was adopted later in Germany during the halcyon days of conquest and imperial power”.
So far as is known, the Double-Headed Eagle was first used in Freemasonry in 1758 by a Masonic Body in Paris – the Emperors of the East and West. During a brief period the Masonic Emperors of the East and West controlled the advanced degrees then in use and became a precursor of the “Ancient Accepted Scottish Rite”
So it represented the universality and unity of the Empire of Rome and was later adopted by Germany during their days of conquest and imperial power. For these Freemasons, it represents two emperors, one from the east and one from the west coming together to create one empire. Hmm.. I wonder if that has any significance to today's world.
https://st2.depositphotos.com/8575830/12480/i/950/depositphotos_124801418-stock-photo-russian-two-headed-eagle-coat.jpg
https://www.rbth.com/history/327634-why-is-double-headed-eagle-a-symbol-of-russia
The imperial bird with two heads simultaneously facing East and West has been Russia’s official coat of arms for centuries, with only a break during the Soviet era. The emblem, however, is far older than the country, with roots dating to ancient civilizations.
An eagle on a country’s coat of arms is quite common – this bird is as popular a national symbol as the lion. “He is the king of birds; just like the lion is believed to rule all animals, and he is associated with the cult of the sun,” Georgy Vilinbakhov, head of Russia’s Heraldic Council, explains.
http://www.deadlinenews.co.uk/2012/01/17/donald-trump-at-last-awarded-the-scottish-coat-of-arms/
https://upload.wikimedia.org/wikipedia/commons/thumb/3/3f/Coat_of_Arms_of_Donald_Trump.svg/2000px-Coat_of_Arms_of_Donald_Trump.svg.png
http://revelationtimelinedecoded.com/wp-content/uploads/2016/11/phoenix3.jpg
So Trump's new coat of arms has the same symbol as Russia which symbolizes 2 empires, one from the east and one from the west, combining into one.
Does the way they dress look familiar to anyone?
http://uscnjpha.org/wp-content/uploads/2014/02/uscnj.png

The Rise of The Phoenix and One World Currency

https://socioecohistory.wordpress.co...mist-magazine/
Source: Economist; 01/9/88, Vol. 306, pp 9-10
https://socioecohistory.files.wordpress.com/2014/07/theeconomist-phoenix_get_ready_for_world_currency_by_2018.jpg
Title of article: Get Ready for the Phoenix
THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder
The new world economyThe biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.
In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.
The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.
As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.
The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.
https://medium.com/@torrmara/1988-crypto-prophesy-from-the-economist-e201ab28aa26
So it was a random Sunday: bed, eat, repeat until I went online and I saw a link by a new user called @limon. There was a small introduction to a YouTube video which at first glance didn’t look interesting, but what the hell? Lets read this.
https://cdn-images-1.medium.com/max/...lLpi-xYDCw.png
He talked about an article from The Economist, year 1988, coin, phoenix and then Zoin… wtf?
Anyways, I opened the link (don’t open links from strangers) and watched the video in Youtube, (it’s in Spanish)
@limon claims in the video (minute 5) that he actually found a not so well know cryptocurrency (yet) by doing some research on an article from 1988 and he is somehow convinced it’s going to be huge. Yes, @limon saw the writing and thought maybe I should check this and find out which is the coin of the future.
As crazy as it seems, finding a cryptocurrency by doing research on a 1988 magazine its quite incredible. Is it a coincidence or is it a prediction? Not even @limon knows, but there’s a few things that can blow up your mind here.
This is the article from 1988. It claims that there will be a currency (referred as “phoenix”) that will be used by everybody in several countries in 2018.
So yes, you all might say “the coin is called the Phoenix”. There’s actually a coin called Phoenixcoin but that didn’t seem to convince @limon once he checked it out in www.coinmarketcap.com (it sucked even for @limon who wanted to believe with all his heart)
But @limon didn’t give up, he thought what if its hidden? So he decided to take a closer look at the magazine cover.
https://cdn-images-1.medium.com/max/...LKufsoJVug.png
He noticed that he could read the letters backward (um…interesting)
https://cdn-images-1.medium.com/max/...Ir1KSVOMbw.png
He got XIN3ONd NET by reading the cover letter backwards and he said well, XIN is Chinese, and found out in google translator that XIN meant NEW.
Then 3ONd he looked at it and thought this is Russian… and it was. That weird word that would not mean anything to someone meant something for @limon so he decided to google translate it.
https://cdn-images-1.medium.com/max/...uui5nS3hFg.png
Well yeah 3ONd is Russian and means ZOI, but wait is this a coin? @Limon decided to search “ZOI” in www.coinmarketcap.com.
https://cdn-images-1.medium.com/max/...LN2UCCLQwg.png
WOW, Zoin existed. He ended up with the sentence NEW ZOI NET, in which Zoi was an actual currency.
He starting searching now all about Zoin (DYOR) and liked everything he saw. The team, the community and development its very much updated.
Got even more carried away when he saw Zoin’s logo:
https://cdn-images-1.medium.com/max/...4CV6Ln5sFQ.png
https://cdn-images-1.medium.com/max/...y75KEGoyHQ.png
And when he researched even deeper, he found out that ZOIN was left by its first developer and got taken over by its community from all over the world.
Yes, Zoin emerged from the ashes. What? wait. Zoin is also a Phoenix.
Anyways, @limon found all the signs of a prophecy from 1988.
He couldn’t wait so he joined Zoin’s community and shared his video.
By the way he bought some Zoin. After finding the last lost prophecy he had no plans on missing out.
Check all about Zoin in the following links.
You can reach out to the team on Discord, website address is www.zoinofficial.com and their twitter @zoinofficial
You better don’t miss it. Its a prophecy.
Thank you limon.
@torrmara
Notice the year on the coin and at the end of the article, 2018. "Pencil in the phoenix for around 2018, and welcome it when it comes". Trump and Russia both have a double headed Phoenix signifying the union of an Empire. This article talks about a one world currency called "Phoenix" coming in 2018. The number 10 upside down is 01. It's a bit on a coin
https://en.wikipedia.org/wiki/Phoenix_(currency))
I posted about an Israeli company that can do things with blockchain and DNA in my previous postings on this topic. I think that this will have something to do with the Mark of the Beast.
https://techstartups.com/2018/05/10/genetic-blockchain-startup-dnatix-releases-first-blockchain-based-open-source-dna-compression-tool/
https://www.dnatix.com/
https://nulltx.com/carverr-wants-to-embed-bitcoin-private-keys-into-strands-of-dna/

Trump is the Tip of the Spear for the NWO Plan

Notice the spear tip coming out of the Phoenix's head on the cover of the Economist magazine? Trump. has a spear on top of both of his coat of arm. Trump is the tip of the sphere. I think once he's fulfilled his purpose in wrecking everything and nuking North Korea, I think they might have someone take him out. Then things would get even crazier.
https://i0.wp.com/www.show-notes.info/thisisit4321/gallery3/vaalbums/SPECIAL-PROJECTS/Welcome-to-the-World-of-Good-and-Evil/TRUMP/TRUMP%20-%20D2.jpg
https://i0.wp.com/www.show-notes.info/thisisit4321/gallery3/vaalbums/SPECIAL-PROJECTS/Welcome-to-the-World-of-Good-and-Evil/Album-number-7/Donald%20Trump%20Tip%20of%20the%20Spear.jpg
https://thelightinthedarkplace.files.wordpress.com/2018/03/donald20trump20front20and20center.jpg?w=816
https://thelightinthedarkplace.files.wordpress.com/2017/04/trump20tower201.jpg?w=816

My Other Posts on This Topic

https://www.reddit.com/conspiracy/comments/8tuwr1/what_do_these_2_very_obvious_signs_say_to_you/
https://www.reddit.com/conspiracy/comments/8vth1i/trumps_space_force_nesara_and_the_mark_of_the/
submitted by Oblique9043 to conspiracy [link] [comments]

Bitcoin legalized in Uzbekistan and Iran

News have emerged in Bitcoin being legitimazed in Uzbekistan.
A decree has been signed that permits the existence of cryptocurrency exchanges and other activity surrounding the industry. At the same time Iran's government is allegedly about to recognize Cryptocurrency Mining as Industry.
Which are your thoughts on that? I find the Iranian news especially interesting, as energy prices are very cheap in Iran.
submitted by emma1890 to u/emma1890 [link] [comments]

Decred price, price and price.

The only thing that actually matter in cryptocurrency in all of the cryptocurrencies that includes Bitcoin and Decred is price, price and price and for the last time price, don’t fool yourself thinking that technology matter because it doesn’t, at least not at the moment. As at the moment all cryptos if they don’t make you money either in satoshis or actual dollars than you abandon that project, Bitcoin has all that attention because of the price and it will get more attention once the price goes beyond the all-time high of 2017.
Now in the case of Decred, this coin doesn’t have a halving so the minting of new coins gradually comes down, as right now that level is at 9.5% yearly for staking by 2024 the minting of coins will come even lower but at the moment you can expect about 10 coins or more for block, meaning that demand can be met so that price will continue to go down. But if you are a holder and staker in Decred than you are pretty much fuck at current prices, because the minting and the fact that only about 50% of all coins are being stake that means that half the coins are for sell or trade.
For holders of Decree they will need to wait some more years for the supply to reach minting levels of Bitcoins meaning that there will be pressure to sell. The people who are selling right now are miners and investor that go for a short profit, whole long time believers are stuck with coins that are less value with every sell there is in exchanges, but we decided to take that risk.
Now my message is intended for those that hold at least the price of one ticket why because they are the ones that are actually holding, why only people who at least hold 1 ticket and not 1 coin, well to have one ticket you need to either have $3000 or about 150 coins, so you have the capital and the intention to see this through.
As we all know ascis miner are being sold and bought in the market the people that buy miners for decred can point their miners to other coins that may be more profitable at a certain time, so in this case miners and stakers that stay in the project or are thinking to stay are my main audience here.
If you already bought a miner and believed in the project you need to stake your coins and pay the electricity out of pocket instead of selling your coins in the market and bring in the price down with your electricity cost. If you are only staking you need to buy at least one miner and take the cost of electricity upon yourself for that miner otherwise the price will continue to come down. So, if you are staking one ticket that means you have at least some money, you could buy a miner put it to work pay for the electricity and don’t sell your coins because of electricity, that way is the only way for the price to increase
You will also gain something else in return those coins that you are mining won’t be listed on any exchange, it is true mining is not profitable but you will get your coins free of any trail from the exchanges, the electricity cost will be your cost for having privacy clean coins.
Now you don’t need to go crazy about buying miners just buy one put it in your house mine decred, one miner no one may noticed it or know that you are mining or maybe they do but they won’t know your address.
Remember that decred doesn’t have a halving so the only way to have price pumps is in news and in users actually locking up their coins, until the supply is less the price will continue to drop if the community together doesn’t do anything and leaves things as they are price will come even lower.
Once privacy options are added your coins will be free from stains and once privacy comes online you will be golden only you will know from where you got them. Mining will help you with that.
Now in term of price as long as Bitcoin continues to go up the price of Decred may go up in dollar terms it may decline in satoshis value because of the bitcoin dominance, so at this point the only price that actually matter than is bitcoin price, because the dollar price will go up together with bitcoin, so the only one that we need to take care is the bitcoin side of things by selling less and staking more, and by mining so that big miners who are actually selling to pay their bills can be taken out of the equation.
The is the only solution to price declining to mine and to stake more, if the same people that are staking right now decided to mine and stake at the same time than the price may go up just a little bit because there it will be less people selling. But know for it to work you will need to foot the electricity bill as well. Staking doesn’t take that much money but look others are devaluing your investment so you need to go balls deep as a whole in your investment meaning those that are staking right now need to mine also at least with one miner for user.
So about $3500 for staking and about another $3000 for the miner and maybe about $1000 for electricity cost, that would mean each believer of decred will need to foot a bill of $7500.00, how possible is this for the whole community to do is everybody else’s guess, but that is what it will take for the price to actually go up and for miners to stop selling your investment.
Or wait for good news, but if prices fall for too long or too far down than price may never recover. Don’t let your greed take fully control of the community.
submitted by francis105d1 to u/francis105d1 [link] [comments]

Inflation Hits 100% Per Week In Venezuela, Currency Collapse Is Imminent, And There Is No Evidence That The Petro Is A Cryptocurrency

Inflation Hits 100% Per Week In Venezuela, Currency Collapse Is Imminent, And There Is No Evidence That The Petro Is A Cryptocurrency

https://preview.redd.it/pxaqy3r7qp221.png?width=690&format=png&auto=webp&s=ac2a5a035f3bdd1cd98e73895d97cb9aacd564c9
https://cryptoiq.co/inflation-hits-100-per-week-in-venezuela-currency-collapse-is-imminent-and-there-is-no-evidence-that-the-petro-is-a-cryptocurrency/
The newly re-denominated Venezuelan fiat currency, the Sovereign Bolivar (VES), is supposed to be backed by the Petro, which is the official cryptocurrency of Venezuela. The government of Venezuela began the public sale of the Petro on 29 October 2018, and it has been over a month since then, but based on the accelerating hyperinflation it appears nothing at all is backing the VES. In-fact, there is no firm evidence that the Petro is an actual cryptocurrency, and is more likely a non-fungible paper certificate, as will be explained in the rest of this article.
The Cafe Con Leche Index, which measures Venezuelan inflation by buying the same cup of coffee at the same Venezuelan cafe at regular intervals, witnessed 100% inflation during the week of 28 November through 5 December. This is the most rapid inflation rate in Venezuela to date, and is an omen of an imminent currency collapse. The annual inflation rate that has been directly recorded by the Cafe Con Leche Index is 285,614%. This averages in the rest of the year which had a slower inflation rate. If 100% inflation per week continues, with no acceleration of the inflation rate, the cup of coffee will cost 400X(2^52) VES in one year, which equals VES 1,800,000,000,000,000,000. Clearly, a re-denomination cannot save the Bolivar this time around, and the Bolivar will soon cease to exist.
If the Petro actually was a real cryptocurrency, it would be a great mechanism to ensure that Venezuela continues to have a native currency even in the event the VES becomes unsalvageable. However, there is a litany of evidence which suggests the Petro is an ICO that never launched its coin. The Petro block explorer has no blocks and no transactions, only a block counter at the bottom which shows 3,707 blocks having been mined in about 5 weeks. The Petro white paper says the Petro is supposed to have 1 minute block times like Dash, and the block explorer is showing ~15 minute block times on average.There is a page to download the Petro wallet where it says click the image to download, but it displays the message “This wallet will be available soon for your operative system.” Since people cannot download the wallet and run a node, even from the official government website for the Petro, it seems unlikely there are any Petro nodes in the world.
The Petro white paper details how the Petro is backed by 50% oil, 20% gold, 20% iron, and 10% diamonds, and this is why the plan was to use the Petro to back the VES. However, there is no information available on the complex and secure infrastructure that would be needed to actually back the Petro with these mineral assets, and a deep dive study by Reuters found that the oil backing the Petro is simply the estimated reserves in an area with no oil infrastructure.
Another piece of damning evidence is that when the Petro public sale began, it was apparent that people were receiving paper certificates and not cryptocurrency. Further, President Maduro has declared that anyone who buys the Petro after 2018 ends cannot exchange the Petro for any fiat currency or cryptocurrency. This simply would not be possible if the Petro truly was an X11 cryptocurrency like the white paper indicates, since users would be able to exchange the Petro regardless of a government decree. The only way for the Venezuelan government to ban the trading of Petro purchased after the end of 2018 is if the Petro is a non-fungible paper certificate. This theory is further supported by the fact that President Maduro is setting the price for the Petro, indicating there is no free market exchange of the Petro.
All evidence points to the reality that the Petro is a non-fungible paper certificate, and is as easy to print as any other fiat currency, and has no attributes of a cryptocurrency. The Venezuelan government is accepting all sorts of fiat currencies, as well as Bitcoin and Litecoin, in exchange for the Petro, despite all of the evidence that the Petro is not a cryptocurrency like it is supposed to be. Effectively, this may be an ICO scam on a national level, occurring right as the native fiat currency of Venezuela nears the day when it will totally cease to be worth anything. The total collapse of the Bolivar will perhaps precipitate the collapse of the Venezuelan government, since they will no longer be able to fund their activities via money printing, and perhaps eventually it will be clear that the Petro is a last ditch attempt by the Maduro regime to earn a warchest of cash and cryptocurrency for the struggle that is inevitably coming.

submitted by turtlecane to CryptoCurrency [link] [comments]

How the Lightning Network could ultimately destroy Bitcoin

TL;DR The LN will incentivize large hubs to offer managed/custodial bitcoin accounts to customers that will be dramatically cheaper and easier to use than real Bitcoin wallets. This invites the kind of financial middlemen and mischief that Bitcoin was created to work around.

Introduction: A successful future with the Lightning Network

The Bitcoin network is currently capable of only processing a handful of transactions per second globally. This is woefully inadequate, and so there is a lot of work being done to find solutions to address this. The Lightning Network is one of the main technological developments aimed at massively increasing the number of possible Bitcoin transactions. However, if and when this particular system is deployed, it will introduce economic incentives that may spell the end for Bitcoin, or at least for most of its primary benefits including both its limited supply and its censorship resistance.
To explain how this might happen, first imagine we are a number of years into the future where the Lightning Network (LN) has been deployed and everything has gone dramatically well. Bitcoin along with the LN now underscores a large proportion of all global financial transactions. At this point, the demand for on-chain transactions would be enormous and so also extremely expensive. Even if the block size / block weight limit were 10 times higher than it is today, the mining fee to get a transaction mined could be staggering by today's standards. Being conservative, let's say it is now $100 for a typical transaction.
In this environment, the vast majority of all Bitcoin transactions would happen through the LN. People could either pay $100 each time they make a payment, or just once to open an account with a LN hub which would enable potentially limitless cheap transactions (with some conditions). Most people would also receive their income through the LN channel, which would potentially allow them to keep their payment channel (their account) with the hub open indefinitely. However, if they do not balance incoming and outgoing payments over time, they would occasionally hit the limit of their account, and need to pay (another $100 plus the balance limit) for it to be re-funded. Everyone will be strongly incentivized to keep the bulk of their spendable money in LN hub accounts, make all payments through the hub and try their best to minimize the number of times they need to close/open/refund their account.
At this point things are not too bad for the end user. Users would benefit from the dramatic cost reductions from using the LN, and would remain in full control of their funds as they can always close their payment channel and settle the balance on the blockchain any time they like (for $100). There are several other benefits, including the privacy benefit of not broadcasting all transactions to the world on the main chain. However, this is not the end of the story.

Economy of scale: Hubs could get very large

Lightning Network hubs will need a fair amount of capital to get going. They will need to fund each payment channel with other LN hubs to a significant amount of bitcoin. The amount would ideally need to cover the maximum balance of all incoming and outgoing payments sent on the channel, from all payments relayed, ever. If that's not achievable, then the channels will just need to be occasionally re-funded when they hits their spend limits, along with the attached miner fees. Hubs that can afford to fund their channels with larger amounts up-front will need to refund fewer times—losing less money on miner fees—and will be able to extract significantly more income from the flow of transactions until they next need to do so. In other words, there is at least a small economy of scale here that will incentivize the growth of large hubs.

Hub-managed customer accounts

One way or another, either by economies of scale, or just by pure exuberance, very large professionalized hubs will appear. Given that they will have a lot of capacity, they will be looking for ways to onboard new customers. A significant problem all new customers face is the upfront cost of $100 for the miner fee and then the total value of whatever they would like to be able to spend on the account. One solution would be for these highly capitalized hubs to offer “managed” accounts to customers where the hub will make LN transactions on their customers' behalf, just like how current banks can make electronic transactions on behalf of their customers.
This would not involve the creation of any new LN channels whatsoever. The hub would only need to maintain a fairly large account of liquid funds available to be spent on their open LN payment channels for their customers. These sorts of accounts could be offered with very little upfront cost, or even for free initially. The customer would even be able to start off with a zero balance, and just have money sent to it later via incoming LN transactions—from their employer for instance.
The customer would then not have direct access to the Bitcoin network at all. Instead, we are back to a situation like the present financial world where trust is a central requirement. The LN hub could try to assure its customers and strengthen the level of trust by issuing tokens of some kind, rather than just leaving its customers with a promise to handle their funds appropriately. More likely though, the hub would just insure its customers' accounts against loss in the event the hub goes bust or otherwise loses the bitcoins. This latter option would mirror the current state of affairs where governments around the world are trying to phase out cash. If this happens, both with these hub-managed accounts and in a cashless society, all you will have is a bank account, a promise from the bank and their assurance: “Don't worry; it's insured”.

The re-emergence of fractional reserve lending

At this stage, hubs would be financially incentivized and able to hold fractional reserves to start loaning out depositors' bitcoins to borrowers. As with modern banking, most of the general public would not be opposed to this. It is quite a familiar practice and arguably good for the economy. It would also allow the LN hubs to offer free accounts indefinitely, perhaps ultimately paying interest to depositors out of the revenue generated from the loans.
Now, hubs that implement all of these features would probably be very large. Smaller hubs wouldn't have quite the same ability or inclination to get into this kind of risky business (and stay in business). Naturally, these larger hubs would end up under the spotlight of government oversight and would move to preemptively register for all recommended licenses. To the general public, these hubs will become the best known and most attractive of the available options. They would have a good strong established reputation, be fully insured, have close government supervision, government approval, and provide a good free service.
Once hubs of this size and sophistication have developed, it would be next to impossible for anyone to compete, much as it is now essentially impossible for anyone to start a bank. As the industry becomes professionalized, all hubs would become subject to government regulation and it would become illegal to start one without first getting the relevant licenses. It might be possible for people in their basements to start black market hubs anyway. And even though they would be horribly expensive to set up and wouldn't make anything close to the profit of the regulated hubs, they might nevertheless continue to exist to help reduce costs for a small number of idealists passionate about privacy and true freedom. The network of black market hubs might end up somewhat similar to the Bitcoin network as it is today, or smaller; essentially a little-known irrelevance to the vast majority of people, but an option to escape the system for those who choose to do so.

Embrace, extend and extinguish

So at this point, the lightning network would effectively either merge with or morph into a simile of the current banking system. Just as gold used to be physically ferried around in an expensive and inefficient exercise to conduct settlements between banks, bitcoins will instead be used to settle between hubs. Assuming that this system takes over completely from the current global banking system, then the mining fees for these settlement transactions might be truly astronomical, say $1,000 per transaction. So in the end, Bitcoin would be priced out of reach of everyone except financial institutions. Once it becomes particularly awkward and expensive for people to take delivery, due to these sorts of fees, Bitcoin's relevance will be gradually de-emphasized and eventually detached from the financial system by government decree—exactly as happened with gold in recent decades.

What went wrong

So how did this happen? The primary incentive for the growth of fractional reserve Bitcoin banks will come from any economies of scale in the costs of issuing transactions. So for instance, this applies where a service provider with a lot of capital can make transactions on behalf of its customers much more cheaply than the customers could themselves. Currently—or at least until very recently—no such economy of scale exists, primarily because there is currently no (well established) mechanism for aggregating multiple arbitrary payments into fewer or smaller blockchain transactions. With the Lightning Network however, heavily capitalized hubs will be able to make transactions at negligible marginal cost, while end users will need to spend a far larger relative chunk of their money opening and closing channels. As a result, there is an inescapable and huge economic incentive for hubs to act on behalf of their customers to issue transactions for them. This is fertile ground for hubs to then become banks, start up fractional reserve practices, dilute the money supply, gradually divert attention away from the underlying asset (Bitcoin) and ultimately detach it entirely from the financial system.

What can we do?

There are no doubt many clever ways to avert this possible future. One way is to ensure that the base layer is friction free. That is, we should aim to minimize the time and cost of on-chain transactions. This will leave no room for the growth of professional financial middlemen to re-emerge and reintroduce their bureaucracy, enforced mediation, censorship, monetary meddling, confiscation, counterfeiting, bailouts, bail-ins and wildly disproportionate influence and control they wield over the direction of the development of civilization.
Mining and node centralization has been explored in great detail. This certainly could become a problem too and we should try to guard against it. However we must not ignore the risks of centralization in higher levels, such as those within the Lightning Network.
submitted by frictionfreebase to btc [link] [comments]

Vision for Dogecoin: The Dogecoin Founder's 10 Commandments

You guys are doing a wonderful job of keeping my vision alive. Thank you.
submitted by BillyM2k to dogecoin [link] [comments]

HOW TO PREDICT THE BITCOIN PRICE NOWADAYS!?! MINDBLOWING: $100'000 BITCOIN IN 2019 - Sunny Decree's GRIPERWAVE Theory Bitcoin Price: NEW YEARLY HIGH! Bitcoin will be worth $1'000'000! Here's why... MY FINAL BITCOIN PRICE PREDICTION!!!

Top 2020 Bitcoin price predictions. Plenty of industry insiders, market analysts and popular crypto community figures have thrown their hat in the ring and presented their predictions for the price of Bitcoin in 2020. We've collected some of the most interesting forecasts. Role: Prediction made on: BTC price prediction : John McAfee: Cybersecurity entrepreneur: Oct 18, 2019: $2,000,000: End of ... The new requirements are a reversal of a 2018 decree that explicitly said Russian officials were not obligated to declare crypto holding. The requirements of crypto reporting for civil servants in Russia may soon be enacted by other legislators across sections of Europe and Asia. Image source: Shutterstock. Copied. RUSSIA PROSECUTOR GENERAL BITCOIN CRYPTOCURRENCY ASSETS REGULATION OFFICIALS ... The Republic of San Marino has formally ratified its blockchain decree, legally recognizing blockchain and formally making it the latest blockchain jurisdiction on the global scen But. A top market analyst believes bitcoin is less likely to hit the $6,000 level. YouTuber Sunny Decree explained in one of his latest reports that the cryptocurrency, at best, would fall in the range defined by $7,239 and $7,957. From there, it could rebound towards its prevalent resistance levels, mainly the blacked 200-daily moving average wave in the chart above. Decred price today is $12.38 USD with a 24-hour trading volume of $3,030,377 USD. Decred is down 0.65% in the last 24 hours. The current CoinMarketCap ranking is #73, with a market cap of $150,723,200 USD. It has a circulating supply of 12,170,377 DCR coins and a max. supply of 21,000,000 DCR coins. You can find the top exchanges to trade Decred listed on our

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HOW TO PREDICT THE BITCOIN PRICE NOWADAYS!?!

sunny decree 27,647 views. 10:03. 20 Habits of Highly Successful (and Wealthy) Traders - Duration: 40:13. Urban Gear Guys 1,240,691 views. 40:13. Bitcoin Is Just Getting Started on Next Parabolic ... sunny decree 32,161 views. New; 14:24. Warren Buffett - The World's Greatest Money Maker - Duration: 59:03. TradingCoachUK Recommended for you. 59:03 "The truth about mobile phone and wireless ... Bitcoin Price at $1'000'000 in 2025! Stock to Flow Ratio explained - Duration: 10:02. sunny decree 34,856 views. 10:02. Bitcoin Breakout Now!!! - Duration: 53:19. ... Next Bull Run Price Predictions - Duration: 45 ... sunny decree 22,666 views. 6:50 . How The Economic Machine Works by Ray Dalio - Duration: 31:00. Principles by Ray Dalio 17,710,480 views. 31:00 ... Tim Draper predicts the price of bitcoin after the halving! - Duration: 49:17. Crypto Finder 273,291 views. 49:17. Mix Play all Mix - sunny decree YouTube; BITCOINs Enemy #1?? "Influencer" Shills ...

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