Bitcoin.com Exchange Acquires BOA Exchange To Reach New ...

EU Parliament decrees that Cryptocurrencies can not be anonymous, vows to enact legislation to thwart criminals using Bitcoin. Butters defiantly thumb noses at The Man and declare they will continue to use Bitcoin even if exchanges are shuttered and merchants can not legally accept it as payment.

submitted by Barkey_McButtstain to Buttcoin [link] [comments]

"Thailand - A royal decree has been issued seeking to regulate virtual currency transaction by mandating brokers and sellers of cryptocurrencies to register with the Security Exchange Commission (SEC). https://t.co/WT7DZvfE37" $btc $ltc $neo $eth #btc #bitcoin #crypto #ethereum

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

Transcript of how Philip the tyrant admin of the Bitcoin Cash Telegram group called Spoice stupid, an idiot, a parrot among other insults then banned her instead of discussing Bitcoin Cash. That Telegram group is hostile, ABC/IFP shills run and follows the rBitcoin toxic censorship modus operandi.

David B., [18.10.20 01:46]
https://www.reddit.com/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/

David B., [18.10.20 01:47]
Wut x2

J Stodd, [18.10.20 01:49]
[In reply to David B.]
Their words are meaningless. They have no principles. Wish i could comment but bitcoinxio banned me from rbtc and never told me why

David B., [18.10.20 01:59]
These comments are so toxic

Spoice, [18.10.20 01:59]
In reality, the real continuation of Bitcoin as we all know it is what is carried on by BCHN, BU, BCHD and others

Spoice, [18.10.20 02:00]
ABC is changing the rules to something that is not Bitcoin

Spoice, [18.10.20 02:00]
anyone denying those facts is selling you snake oil

Spoice, [18.10.20 02:00]
If Blockstream tried to take some % to their own benefit, we would have never needed BCH in the first place

Spoice, [18.10.20 02:00]
everyone would have rejected them in a second

J Stodd, [18.10.20 02:01]
[In reply to Spoice]
Bitcoin Cash is not Bitcoin to start with, so who cares?

David B., [18.10.20 02:01]
[ Album ]

Spoice, [18.10.20 02:01]
yet we have ABC trying to pull this theft and all those puppets think it's ok

Spoice, [18.10.20 02:01]
JSTodd that's bullshit

David B., [18.10.20 02:01]
Like trying to talk to a core maxi about altcoins

Spoice, [18.10.20 02:01]
Bitcoin Cash is the most Bitcoin out of all Bitcoins

Spoice, [18.10.20 02:01]
it is the continuation of what Satoshi started

David B., [18.10.20 02:02]
Tbh they aren't even toxic

Michael Nunzio, [18.10.20 02:02]
[In reply to Spoice]
If the hash follows then it is Bitcoin Cash. Only if it doesn't is your claim true

J Stodd, [18.10.20 02:03]
[In reply to Spoice]
Bitcoin is Bitcoin. Bitcoin failed to be Peer to Peer Cash, so Bitcoin Cash attempted to fix this by forking Bitcoin and attacking the root of the problem. This does not mean Bitcoin Cash is literally Bitcoin. Adopt a different argument. Sorry if you bought into that bc of Rogers rantings

J Stodd, [18.10.20 02:05]
Bitcoin Cash can replace Bitcoin, and if Bitcoin dies and BCH wins then sure maybe it can take its name from its grave, but they are different products, trying to say Bitcoin stopped being "Bitcoin" and became BCH is a self contradiction.

Jingles, [18.10.20 02:08]
Jstodd's got some good points.

Jingles, [18.10.20 02:08]
He's learnt so much in the last year ☺️

Spoice, [18.10.20 02:08]
"Bitcoin is Bitcoin" is a false statement. BTC is just an instance of Bitcoin. Bitcoin is the set of rules defined in the whitepaper first and foremost, it is peer to peer electronic cash. BTC no longer fits that criteria. Bitcoin Cash meets them. The fork proposed by ABC also fails to meet that criteria. Therefore the continuation of Bitcoin is in whatever BU, BCHN, Flowee and others will continue.

Jingles, [18.10.20 02:09]
What rules were defined in the WP?

Spoice, [18.10.20 02:10]
Let's see which rules aren't: 1) No coinbase tax going to any centralized entity such as ABC 2) No throttling of TX throughput such as BTC

Spoice, [18.10.20 02:10]
therefore they both fail the simple "Is this Bitcoin?" test

Spoice, [18.10.20 02:11]
Finally, Michael, if you think Hash rate defines what Bitcoin is, you should stick to BTC

Jingles, [18.10.20 02:11]
21 million coins isn't in the WP

Jingles, [18.10.20 02:11]
I asked what rules did the WP define.

Spoice, [18.10.20 02:12]
Because BCH failed that criteria since it forked, therefore your point is wrong

Spoice, [18.10.20 02:12]
https://www.metzdowd.com/pipermail/cryptography/2009-January/014994.html

Spoice, [18.10.20 02:12]
The announcement of the white paper included the 21 million limit, close enough

Jingles, [18.10.20 02:12]
HIs announcement isn't the WP

Spoice, [18.10.20 02:12]
show me where Satoshi said that Amaury shoudl tax the chain?

Spoice, [18.10.20 02:12]
Doesn't matter- close enough

Jingles, [18.10.20 02:12]
Bitcoin is the set of rules defined in the whitepaper first and foremost - You

Jingles, [18.10.20 02:13]
My ears pricked up on that comment, so I'm asking you what you meant.

Spoice, [18.10.20 02:13]
Correct. Changing the 21 million hard limit is still more Bitcoin than taxing the Coinbase, yet both will never ever happen. Not to Bitcoin anyway

Jingles, [18.10.20 02:13]
If you meant Satoj's writings pre and post WP then you should be clear about it

Spoice, [18.10.20 02:13]
some bastardized chain might, just not Bitcoin

Jingles, [18.10.20 02:14]
The closest we have to anything to indicate what is "Bitcoiness" is general things like "the longest chain"

Spoice, [18.10.20 02:14]
No, it is never a single thing

David B., [18.10.20 02:15]
REEEE

Jingles, [18.10.20 02:15]
trustless, no single trusted third parties, and rules can change due to incentives via consensus

Spoice, [18.10.20 02:15]
it is a set of common sense and experiment driven and historical relevance and initial parameters and "peer to peer electronic cash" definition indicators

Spoice, [18.10.20 02:15]
never a single thing

Jingles, [18.10.20 02:16]
[In reply to Spoice]
This is like the exact opposite of what you said earlier

Jingles, [18.10.20 02:16]
Bitcoin is defined by the rules in the WP, I mean common sense.

Jingles, [18.10.20 02:16]
🤷‍♂️

Spoice, [18.10.20 02:16]
Nope, the rule set is defined in the white paper should never change, but I never said all rules are defined in the white paper

Jingles, [18.10.20 02:16]
What rules?

Spoice, [18.10.20 02:16]
It is a union

Jingles, [18.10.20 02:17]
What rules are there?

Spoice, [18.10.20 02:17]
Rules in the white paper + what continued to define Bitcoin thereafter

J Stodd, [18.10.20 02:17]
[In reply to Spoice]
> "Bitcoin is Bitcoin is a false statement."
Alas, if we cannot agree on the law of identity, aka A=A, then i dont understand how to hold a conversation with you using logic.
> BTC is an instance of Bitcoin
No, BTC is a ticker used optionally by exchanges. Other common tickers for bitcoin include XBC, XBT, BC (correct me if im wrong on any of these)
> "Bitcoin is a set of rules in the whitepaper"
Super hard to defend this. Theres no mention of a 21M supply cap, no blocksize limit *at all*, and it also says additional rules and incentives can be enforced (implying maybe they should).

Jingles, [18.10.20 02:17]
I go through this with BSVers all the time. We have no spec sheet of rules defining what Bitcoin is from Satoshi.

Spoice, [18.10.20 02:18]
Rules such as what defines a correct block, miners receiving the full incentive of mining it, etc

Jingles, [18.10.20 02:18]
The WP is a highlevel document

Spoice, [18.10.20 02:18]
The WP is a description of a scientific experiment

Spoice, [18.10.20 02:18]
if you want to start your own experiment, be my guest

Jingles, [18.10.20 02:18]
[In reply to Spoice]
Valid tx rules aren't defined in the WP

Spoice, [18.10.20 02:18]
just don't try to call it Bitcoin

Jingles, [18.10.20 02:19]
The word majority is in the WP an awful lot wouldn't you say?

Spoice, [18.10.20 02:19]
Not valid TX rules, but what a proof of work block is and how it diverts the reward to the miner, etc

Jingles, [18.10.20 02:20]
[In reply to Spoice]
and? what about BTC doesn't apply?

Jingles, [18.10.20 02:20]
I'm not arguing for any fork of BCH here.

Spoice, [18.10.20 02:20]
It no longer meets the very title of the white paper experiment, "Peer to peer electronic cash"

Spoice, [18.10.20 02:20]
The BTC instance of the experiment is destined to move away from the very title of the white paper

Jingles, [18.10.20 02:20]
It's electronic, and I use it like cash.

Spoice, [18.10.20 02:20]
that the maintainers even wanted to edit the white paper (Cobra and co) because of this fact

J Stodd, [18.10.20 02:20]
u/Spoice When did BTC stop being Bitcoin in your view? The day Amaury decided to launch the fork, before Segwit happened?
If someone else launched a fork first, they would have been "the real bitcoin"?
This is a game of whoever forks first becomes the real Bitcoin?
What if two people launched a fork at the exact same time, maybe even with identical specs?

Jingles, [18.10.20 02:21]
Where did I go wrong?

Jingles, [18.10.20 02:21]
[In reply to Spoice]
Did they?

Spoice, [18.10.20 02:21]
Doesn't matter if you use it today, its very technical fabric will have to move your transactions to 2nd layers and it will no longer be peer to peer electronic cash on chain

Jingles, [18.10.20 02:21]
peer to peer electronic cash on chain - Not in the wp

Jingles, [18.10.20 02:22]
We have satoj talking about HFT with sidechannels.

Jingles, [18.10.20 02:22]
So what?

Jingles, [18.10.20 02:23]
I think this is a good discussion Phil, nothing disrespectful is being said. I hope this is ok?

Spoice, [18.10.20 02:23]
Doesn't matter, the rule of common sense, which is closer to that title? Increasing a simple variable (Blocksize) to stay on track of the title and experiment, or introduce IOUs and Watchtowers and channels and locked BTC and that whole LN Bastardization? Which is close to the title?

Jingles, [18.10.20 02:23]
No one said that can't happen

Michael Nunzio, [18.10.20 02:24]
[In reply to Spoice]
Congratulations you've made an argument which isn't an argument.

Jingles, [18.10.20 02:25]
The whole thing that was said was the system is based on majority rules, and incentives can be changed. Majority breaks any deadlock.

David B., [18.10.20 02:25]
How to kill a coin 101

Spoice, [18.10.20 02:25]
Logic fails anyone who tries to claim BTC, ABC, BSV or any similar standalone experiments as Bitcoin, because of simple sanity checks and logic checks, often stemming out of common sense - If what you have moves you a single step away from what is otherwise the same old experiment which Satoshi wrote about and unleashed, you're not Bitcoin. If what you have moves you a step closer, it is Bitcoin. and so on and so forth.

Phlip - Not giving away coins, [18.10.20 02:25]
Wow, really fanatical almost religious statements. I guess its Sunday morning.

Jingles, [18.10.20 02:27]
[In reply to Spoice]
There's nothing common about common sense. You point to the WP to make a point, and your point isn't in there.

Spoice, [18.10.20 02:27]
Throttled and you need off-chain IOUs and always-on services to function (BTC) ? Not Bitcoin. Requires permission to be used and could be centrally confiscated on the whim of the organization behind it (BSV)? Not Bitcoin. Premined (Bitcoin Gold, Diamond)? Not Bitcoin. Taxing the miners through Coinbase and changing the incentives which were at play since day 0 (ABC)? Not Bitcoin

Spoice, [18.10.20 02:27]
simple checks really, yet those who are set to benefit will of course be oblivious to these

Phlip - Not giving away coins, [18.10.20 02:28]
This whole “Bitcoin Cash is the true Bitcoin - see whitepaper” is really stupid. It also ignores the history of how Bitcoin Cash came into existence

Jingles, [18.10.20 02:28]
Phillip, remove anyone here that has said Bitcoin Gold was the original Bitcoin immediately

Jingles, [18.10.20 02:28]
^^^^

Jingles, [18.10.20 02:29]
[In reply to Phlip - Not giving away coins]
It falls to pieces the moment it's questioned.

Spoice, [18.10.20 02:29]
It is not about "True" Bitcoin

Spoice, [18.10.20 02:30]
It is about the Bitcoin closest to the experiment which always was

Spoice, [18.10.20 02:30]
I don't care about "True" or not, they all are true

Phlip - Not giving away coins, [18.10.20 02:30]
[In reply to Jingles]
Sorry, I hve stopped reading all the sillyness above. Will reread later

Jingles, [18.10.20 02:30]
[In reply to Phlip - Not giving away coins]
I'm joking around 😂

Spoice, [18.10.20 02:30]
but the rule of entropy says I shouldn't place my money nor effort in experiments which are set to fade eventually, because they have skewed incentives

Phlip - Not giving away coins, [18.10.20 02:31]
[In reply to Spoice]
You get to chose that for yourself but you do not get to dictate it for others

David B., [18.10.20 02:31]
[In reply to Phlip - Not giving away coins]
Don't read it. You will have no braincells left

Spoice, [18.10.20 02:31]
Bitcoin as we know it has a long track record of incentives which work

Spoice, [18.10.20 02:31]
I won't ever dictate it for others

Spoice, [18.10.20 02:31]
I only would dictate it for myself, just like how I never use BTC or BSV today, I won't use ABC tomorrow

Spoice, [18.10.20 02:32]
only because they're new experiments

Spoice, [18.10.20 02:32]
interesting, and I wish them luck

Jingles, [18.10.20 02:32]
"Bitcoin is Bitcoin" is a false statement - Spoice 2020

Spoice, [18.10.20 02:32]
but I would rather stick to the Bitcoin I know

Spoice, [18.10.20 02:32]
that's all

Jingles, [18.10.20 02:32]
I won't ever dictate it for others - Also Spoice
Phlip - Not giving away coins, [18.10.20 02:32]
Bitcoin Cash came with a plan snd goals. They were clearly presented in two presentations that happened before viabtc announced they would mine with ABC software and create a coin and chain named Bitcoin Cash

Spoice, [18.10.20 02:32]
Yes, because he means BTC is Bitcoin, and that's a false statement

Jingles, [18.10.20 02:32]
How is it false?

Spoice, [18.10.20 02:32]
It is an instance of Bitcoin

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33]
[In reply to Michael Nunzio]
you're looking intimidatingly handsome in your new profile picture

Phlip - Not giving away coins, [18.10.20 02:33]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
Lol

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:33]
[In reply to J Stodd]
actually a good question

Spoice, [18.10.20 02:34]
Anyway, those are my two cents

Spoice, [18.10.20 02:34]
Everyone is free to choose which experiments to pour their effort on and their money in

Phlip - Not giving away coins, [18.10.20 02:34]
[In reply to Spoice]
You are entitled to your opinion.

Spoice, [18.10.20 02:34]
Andreas is publishing Lightning Network books, I mean

Spoice, [18.10.20 02:34]
So to each his own

Phlip - Not giving away coins, [18.10.20 02:35]
[In reply to Spoice]
Lets leave it at that

Spoice, [18.10.20 02:35]
but Bitcoin as I know it continues with no Tax, and that in my opinion is BCH with no tax

Phlip - Not giving away coins, [18.10.20 02:35]
Ah you had to continue

Phlip - Not giving away coins, [18.10.20 02:36]
Good thing no tax is proposed by anyone
Spoice, [18.10.20 02:35]
Isn't this the Bitcoin Cash telegram?

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:35]
😅

Spoice, [18.10.20 02:36]
If I don't discuss Bitcoin Cash here, where should I?

Spoice, [18.10.20 02:36]
Tax, IFP, call it what you will

Spoice, [18.10.20 02:36]
from my perspective as a user, it's one the same

J Stodd, [18.10.20 02:36]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
I bet nobody will answer it, either

Phlip - Not giving away coins, [18.10.20 02:37]
[In reply to Spoice]
Apparently btc /s

David B., [18.10.20 02:37]
[In reply to Spoice]
As a user what do you care?

Jingles, [18.10.20 02:37]
Ooh, can I shill the Bitcoin room in here?

Spoice, [18.10.20 02:37]
Nah, I prefer quick responses and chats

Spoice, [18.10.20 02:37]
Reddit is broken

Phlip - Not giving away coins, [18.10.20 02:37]
[In reply to Jingles]
Lol

J Stodd, [18.10.20 02:37]
[In reply to Spoice]
Nobody even pays it, it just comes out of the block reward. The block reward is not sentient, it cannot be stolen from or wronged

Phlip - Not giving away coins, [18.10.20 02:37]
Dont push your luck 😉

Jingles, [18.10.20 02:37]
[ 😀 Sticker ]

Michael Nunzio, [18.10.20 02:38]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
You too brother. 🙏

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38]
[In reply to Michael Nunzio]
but mine is the same....i need new ones everyone always calls me fat because of this one

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38]
literally if i say 1 thing to any troll anywhere first thing they say is "ok fatass"

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:38]
i blame this dumb photographer

Michael Nunzio, [18.10.20 02:38]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
Don't listen.

Phlip - Not giving away coins, [18.10.20 02:39]
u/spoice maybe write a read.cash article if you really feel you need to educate people

Spoice, [18.10.20 02:39]
David, as a user I believe that each new experiment carries risk with it, why should I take part in a new fork of Bitcoin which has a new set of game-theory rules which doesn't even benefit me, rather it benefits some other entity which will take 5% of any effort or economic activity I produce on this chain? They're also off-loading the risk to me as a usebuildebusiness who choose to join their experiment.

Spoice, [18.10.20 02:40]
Why should I take that risk while the Bitcoin I know and have known for over 10 years worked perfectly for me thus far? (BCH, that is)

Jingles, [18.10.20 02:40]
small fees and empty blocks?

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41]
It will insure that a centralized group has control over development and they are by decree in the code, it's a literal take over.

Phlip - Not giving away coins, [18.10.20 02:41]
[In reply to Spoice]
“BSV-freeze the protocol - true Bitcoin” sounds like more your thing

David B., [18.10.20 02:41]
[In reply to Spoice]
Better run bitcoin core 0.1

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:41]
Imagine if satoshi keyd his address in the code to be paid out of every block, but instead of paying himself started a company "Bitcoin Dev Co"

Spoice, [18.10.20 02:42]
Not really, BSV kills the incentives I am discussing too

Phlip - Not giving away coins, [18.10.20 02:42]
[In reply to Jingles]
Please stay nice now

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42]
No one would ever be able to say Bitcoin was Decentralized, Bitcoin Dev Co would get paid directly from the reward.

Jingles, [18.10.20 02:42]
[In reply to Phlip - Not giving away coins]
"BSV: We have all the Bad Idea. On chain"

Spoice, [18.10.20 02:42]
The Nash equilibrium we have tested for the past 10 years will be changed with ABC, it changed with BTC and BSV too

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:42]
"Bad Solutions Verified"

Spoice, [18.10.20 02:42]
that game-theory set of incentives

Spoice, [18.10.20 02:43]
why would I want to take a risk with any of those experiments when I gain 0?

David B., [18.10.20 02:43]
Better run bitcoin core 0.1

Spoice, [18.10.20 02:43]
Nope, you're talking technical freezing of development, that's not what I am addressing

Jingles, [18.10.20 02:43]
[In reply to David B.]
Thats the BTC chain though

Phlip - Not giving away coins, [18.10.20 02:43]
[In reply to Spoice]
O please share with us your background in the subject. Or are you now just parroting others

Spoice, [18.10.20 02:44]
BSV wants to freeze the technical development and they want a stable protocol from an API/development perspective

Spoice, [18.10.20 02:44]
but from an incentive ruleset perspective, they already butchered the equilibrium Bitcoin had

Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ], [18.10.20 02:44]
[In reply to Phlip - Not giving away coins]
That's one of those phrases, when you hear it you know they are just a parrot of someones propaganda. "MUH NASH EQUILIBRIUM!"

David B., [18.10.20 02:44]
Stable = bad?

Jingles, [18.10.20 02:45]
[In reply to Jc Crown [ I DON'T DM PEOPLE - DON'T GIVE ME MONEY! ]]
I love you

Spoice, [18.10.20 02:45]
Philip, for an admin you are ought to be nicer, if you think I am parroting others you're free to think that, but to state it so bluntly in your position is just... wrong

Spoice, [18.10.20 02:46]
If you think the point I made is wrong, discuss it

Phlip - Not giving away coins, [18.10.20 02:46]
[In reply to Jingles]
Maybe talk to him in DM about that?😉

Spoice, [18.10.20 02:46]
not me

Jingles, [18.10.20 02:46]
[In reply to Phlip - Not giving away coins]
working on it.

Phlip - Not giving away coins, [18.10.20 02:46]
[In reply to Spoice]
I ought to be nicer...😂😂😂

Spoice, [18.10.20 02:47]
Also, anyone who studied Bitcoin at length and its set of incentives and game-theory ruleset should know what a Nash Equilibrium is and who the players are in the Bitcoin game

Phlip - Not giving away coins, [18.10.20 02:47]
[In reply to Spoice]
You state as fact. You get to dhow why your statements or opinions are even relevant.

Spoice, [18.10.20 02:48]
If it's not a fact, highlight how

Spoice, [18.10.20 02:48]
don't attack me

Spoice, [18.10.20 02:48]
prove me wrong

Spoice, [18.10.20 02:48]
if you fail that simple debate test

David B., [18.10.20 02:48]
How's that breakfast helping?

Spoice, [18.10.20 02:48]
you should rename from Janitor to Tyrant

Jingles, [18.10.20 02:48]
I'm still waiting to see the defined rules as per the wp

Michael Nunzio, [18.10.20 02:49]
[In reply to Spoice]
Didn't know this was stand up comedy night in here.

Michael Nunzio, [18.10.20 02:49]
I missed the memo

Phlip - Not giving away coins, [18.10.20 02:49]
If I have to prove all idiots on the internet wrong I would have a hard time. You are starting to really waste everybody’s time. You state, you prove. Or you are just generating noise

Phlip - Not giving away coins, [18.10.20 02:50]
[In reply to Spoice]
Be careful now.

Michael Nunzio, [18.10.20 02:50]
Noisy bugger.

Phlip - Not giving away coins, [18.10.20 02:52]
Getting close to just do some cleaning up.

Spoice, [18.10.20 02:52]
If you can't debate technical points I am making about Bitcoin Cash on a Bitcoin Cash Telegram, and within the span of 10 minutes you called me stupid, idiot, noisy and a parrot, you absolutely are a tyrant and I stand by my point: You should not be an admin here, nor anywhere actually. If you think I should be careful for the fear of you banning me, go ahead. You still fail to debate the simplest technical point and yet claim you can "but can't be bothered to". You remind me of that Thermos guy.

Spoice, [18.10.20 02:53]
How do people with 0 technical know how end up in these admin positions is beyond me

Jingles, [18.10.20 02:53]
I challenged your comments and you just changed the goal posts.

Phlip - Not giving away coins, [18.10.20 02:53]
[In reply to Spoice]
Ok. You are not paying me and you are free to create noise elsewhere
submitted by wisequote to btc [link] [comments]

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
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submitted by anticensor_bot to u/anticensor_bot [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]

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]

Bitcoin Cash House seeks sponsorship for the work of the year 2020

Bitcoin Cash House seeks sponsorship for the work of the year 2020
We are organizing an important agenda in the city of Barquisimeto Venezuela, but also some important trips to expand our margin of action, we want to travel to 2 other cities of Venezuela where they are asking us for advice on all companies that want to enter the world, they want to do it with protocols of corporate documents and office management

https://preview.redd.it/izi978pjleb41.jpg?width=1040&format=pjpg&auto=webp&s=8553096b727019221cb3bf26733633cfddeb300e
As you read this publication you will realize what we will do with companies and businesses with a solid argument to accelerate the adoption of Bitcoin Cash
The conditions of Venezuela are different from the conditions of other countries.
After having done a survey in several shopping centers in the city, we noticed a very curious fact, and you surely heard that things are getting better in Venezuela; Well, if they are commercially improving the fact that the government decreed free convertibility of currencies facilitates the import and export processes for production in the country, also having greater freedom to send and bring merchandise door to door without going through customs increases the Production capacity of consumer items in Venezuela. This caused many businesses to start selling any product in the currency or currency they wanted.

https://preview.redd.it/jqrbb0crleb41.png?width=1000&format=png&auto=webp&s=02def59cd4c944b3ead4ae96ad1d7099fe34c58e
But perhaps the companies in Venezuela achieved the success or uprising they have thanks to the free conversion of $ to Bolivares? Well, not quite, remember that in Venezuela most of the dollars and euros are held by the government and the central bank of Venezuela, and citizens and businesses have minimal access to those dollars in auctions, so how did they achieve the lebantation? For the most part they achieved great profits with digital mining and obviously remittances from Venezuelans that managed to bring no less than $ 3,000 after working for 3 or 4 years outside the country.
Digital mining and remittances, but not adoption.
In fact, those businesses that adopt BTC or BCH or Dash in Venezuela do so because they do not undermine and because they are experiencing this new way of obtaining foreign exchange.
The fear of publishing the adoption of cryptocurrencies.
Of course before the petro, we who worked with cryptocurrencies did it clandestinely, with fear, and under the shadows of the persecution of the police or government military, we saw news where they extorted and imprisoned people for having mining machines, There were also very clandestine farms throughout the country and many hid well while others simply abandoned because they had already made profits

https://preview.redd.it/s4jiggt5meb41.png?width=478&format=png&auto=webp&s=2bce985509c8ec94f10ce1f7f27d9df1b2e5c71d
And after having obtained thousands of dollars with digital mining, you opened a business to "legalize" the money you had, and as the main need of Venezuelans was the food you decided to open a food store, and as in Venezuela you only need 5,000 $ to open a business and earnings return in 3 months you would see profitable to open not one but two or three in several cities.

https://preview.redd.it/a5ybv17imeb41.png?width=1280&format=png&auto=webp&s=a99e9a77caf51f1b0425a1a4e725d70a7c2e00b4
But if you had this digital mining business would you accept cryptocurrencies as a form of payment? And even worse would you publish it on your social networks? on your website?
Maduro invented cryptocurrencies
You don't do cryptocurrency adoption because after the petro launched by mature, people in Venezuela immediately demonized cryptocurrencies, and that was a very big leap in use and security for us who worked with crypto before petro but a blow to education and adoption of these throughout the country
But why was the petro a problem? well I even got to hear people who said that mature had invented cryptocurrencies. In a bitcoin cash fund meetups, one lady assured me that the Venezuelan government had invented the history of Satoshi Nakamoto to manipulate Venezuelans, and so I realized that I would have a very difficult job in Venezuela because unfortunately there is a lot of political distortion in the economy of ordinary Venezuelans
So if someone knows the business but people in the street are afraid of bitcoin then they do not adopt, and prefer to accept cryptocurrencies in a clandestine or private way, as most shops do, in my own city I know many businesses but They don't want to make it public, my task was a physical place to attract those business owners to learn what is the advantage of worldwide coverage of business adoption, because the fact that your store accepts bitcoin cash as a way Payment gives you the opportunity, for example, to accept payments in remittances for thousands of dollars from anywhere in the world.
Bitcoin Cash House appears to serve curious citizens and educate companies that want to use them
Nowadays when several stores do accept publicly on the street and thousands of them were forced by the government to accept the Petro cryptocurrency then some have had to learn in a forced way about the use and adoption of it, and unfortunately the government keeps under secret part of the rest of the operation of your cryptocurrency for political and security reasons.
Bitcoin Cash House wants to offer through its website and social networks accompanied by the large worldwide community advertising of businesses that accept bitcoin cash in their businesses, we also offer technical and legal advice on the protocols of administrative documents within their Companies to keep the records clear and orderly, because it is not only to open the Bitcoin.com wallet and already, in Venezuela everything is different, the constant supervision of government institutions makes businesses handle all sales carefully, so you have to offer constant advice, publicity and training, even for company workers.

https://preview.redd.it/sb6v8iz1neb41.jpg?width=542&format=pjpg&auto=webp&s=f2bd52020a20bf639aa38e58ddb21e0f449e4b4a
We have the idea of creating Cryptoactive Administration Offices in companies.
This would be an office attached or dependent on the Administration department that all the companies in the country have, and it can be done, completely legal and without many tratimes all they need is to have some cryptocurrency expert to manage the administration and operation of the cryptocurrencies .
With this, companies and businesses will have administrative and legal soundness when the government institutions ask them what they do with cryptocurrencies.
But to do this work we must do meetings with executives, educational business workshops, meetups with citizens and then attend to each one privately in the spaces of Bitcoin Cash House in the most splendid and luxurious Business Center of the City of Barquisimeto, and this is expensive to support with our daily work, the work we do is an ant but business meetings are taking place while the power goes out, while we walk and while there is the problem of gas shortages

https://preview.redd.it/552q9kehneb41.jpg?width=816&format=pjpg&auto=webp&s=9ec050dd0fd1fa3efa31fdf03f5210d529c8d07a
You can help us directly from this web page or if you want to agree on a plan with us you can write to the mail or enter the web page of the infographic
We thank all those who have supported the Bitcoin Cash House initiative in other parts of the world, as we grow we can also support those who want to activate a BCHouse in any country in the world.
submitted by abgrobert5 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]

Why I Bitcoin

I've always been skeptical of authority.
I've always felt that authority is exercised by those least qualified to wield it.
During the Occupy WallStreet protests we watched on as "authority" used violence and despotic tactics to undermine the efforts to bring the evils of the Central Banking system to light. Police and intelligence services infiltrated non-violent protest groups ; posed as protesters ; and then would instigate violence by looting, throwing rocks, etc. Authority was caught red-handed performing false-flag attacks against the Occupy Wallstreet protesters.
The narrative quickly shifted from exposing the Banking system to fighting police corruption/brutality.
Then Edward Snowden revealed and confirmed the biggest proven conspiracy to date. That the US Government was overtaken by the "Intelligence Services" ; that the US as a democratic, constitutional republic, no longer exists.
The leaked documents revealed that a massive Shadow government exists and has been executing a plan to monitor and have control over every aspect of every human beings life on planet Earth.
After the failure of Occupy Wallstreet many of us were livid. We didn't want to participate in this rigged game. But there was seemingly no way out. How can you fight a system that has a monopoly on the means of exchange? That has a monopoly on the concept of "value"?
That is where Bitcoin comes in. You can't fight the monolithic system. The Central banks have the world in a mass hallucination ; they are exercising mind-control on the greatest scale humanity has ever seen. The Central banks control the behavior of humans on the planet by having a monopoly on the ideas of "wealth" and "value".
https://youtu.be/4AC6RSau7r8
You can't fight the system. Its like the Matrix; where anybody who hasn't "woken up" can be an "Agent Smith" ; fighting the system would be fighting every person who consciously or unconsciously supports the system.
The way to win; is to create a better system.
People will happily buy products at the supermarket made or harvested by slaves. They will never be convinced to do something that is "right" if it negatively impacts them in any way.
So we create a system that latches on to peoples sense of greed. Bitcoin will win out not because people want to overthrow the central banks en-mass; Bitcoin will win because individuals want the profit.
Bitcoin is the biggest threat of central banks and governments that has ever existed.
The source of power is peoples beliefs surrounding wealth and authority. The people have been brainwashed into believing that wealth and authority are one and the same.
People believe that for money to have value it must be issued by a government. This belief is what gives government power to issue fiat currency. Money that has value because the government says it has value.
Fiat currency is a dastardly, criminal trick perpetrated by the highest levels of "authority"; the FED, Central Bankers, and Treasury. They are truly Rats. Bitcoin is here to end their party. As Warren Buffet puts it "Bitcoin is like Rat Poison". ; Bitcoin will certainly act like rat poison to the central bankers.
https://youtu.be/6n_xCI-peq0
Bitcoin proves that the value of money comes from People; not government decree.
Bitcoin proves that Central Banks are unnecessary
Bitcoin proves that intermediaries are not necessary for value transactions
Bitcoin proves that money can be global, border-less, and permission-less
Bitcoin proves that the Pen is Mightier than the sword. A significant portion of our military power is wielded to enforce economic priorities that improve the value of the USD. The US uses force and violence to create value for the USD. The USD requires a complex legal framework to prop up its value. Large sums of money are spent combating counterfeiting ; and billions in counterfeiting is gotten away with. With a few lines of code Bitcoin is entirely self-regulating. No need to use force or violence to give it value. No need to worry about counterfeiting. The system regulates and balances itself without any central authority.
Bitcoin is Law
Bitcoin is the definition of Wealth, Value, and Money
Bitcoin is Freedom
The world is malleable. We are all part of the New World Order ; its our responsibility to guide that Order in the right direction.
https://youtu.be/W4nSjPdT788
submitted by 45sbvad to Bitcoin [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 only is a store of value' is a false narrative. Broadly speaking, crypto as a whole is a store of value.

Pertaining to the investment side of the cryptocurrency space, I believe the biggest mistake that has been made is letting the Bitcoin community monopolize the narrative that they, and only they, can be considered a 'store of value'. Having been convinced that crypto diversity is bad, the unthinking portions of the market have exonerated Bitcoin from having to prove any functional superiority while simultaneously applying scrutiny to other projects that Bitcoin itself would not live up to.
Anyone who understands anything about public blockchain technology that was started by Satoshi Nakamoto understands that it's made possibly by the combining of a blockchain data structure with a consensus algorithm that uses a token of economic value (simultaneously stored in the data structure) to incentivize network security, without which the network could not survive. This is true of all legitimately decentralized public cryptocurrencies.
Ethereum is essentially a superset of Bitcoin. Again, anyone who understands how the technology works must understand that at its basic level, Ethereum is a decentralized public cryptocurrency like Bitcoin and as such has 'store of value' characteristics every bit as much as Bitcoin. In Ethereum's case, ETH is valuable not only because it's a store of value bounded by network effect, just like Bitcoin, but in addition because ETH has the added utility of being able to purchase computation on the future world's computing surface. Imagine if your car could run literally by burning $20... just put a $20 bill in your gas tank and it's full. Would that make the dollar more valuable or less? More obviously.
I'm constantly seeing this argument in social media that all the 'shitcoins' are going to zero. But this is an unfounded and irrational talking point. Sure there will be some cryptocurrencies that rightfully drop substantially like Bitconnect (a full-on ponzi scheme), and yet even Bitconnect trades non zero still today. There is actually no mechanism that I can see for a cryptocurrency to 'go to zero' apart from being delisted from every exchange in the world at the same time.
The cryptocurrency space acts by analogy like a comet, with Bitcoin being the center gravity, and the remaining cryptocurrencies forming a long tail behind it. As the market moves toward the bottom of its cycle the tail rarefacts, lengthens and spreads thin with 'altcoins' going down in value faster than Bitcoin and of course it's during this time that all the bears and trolls come out to spread the message that everything is going to zero. But as the market moves toward the top of its cycle, as money pours into the center of gravity, value flows back into the now compressing tail, tightening it back up, 'altcoins' rising faster than Bitcoin. Assets that were decreed to 'go to zero' now suddenly are shooting stars comparatively (though with initial relatively low liquidity).
Why is this? Why don't all the little cryptocurrencies on the long tail just die off as all the trolls in the media are suggesting they should? Aside from there being little mechanism for a cryptocurrency to go to zero (as mentioned above) it's because generally the tech of all public cryptocurrencies gives them 'store of value' characteristics and therefore they act together as a collective store of value over the long term.
There are now thousands of cryptocurrencies trading, many from past crypto epochs. And there will be thousands more to come. Apart from basic diversification, I believe the fact that the crypto space as a whole acts as a store of value is another major reason why crypto index funds/ETFs are going to be popular over time. Big money is not going to fall for the false narrative that Bitcoin is the only legitimate cryptocurrency... they are too smart for that and will seek ways of harnessing the value of the long tail of crypto.
TL;DR
It's time we rebut this "Bitcoin is the only store of value" false narrative. The truth based on how blockchain technology works intersected with how markets work is that the whole cryptocurrency space essentially acts as a store of value with cyclical tail compression and rarefaction.
submitted by silkblueberry to ethtrader [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]

Where is better to do crypto trading?

Where is better to do crypto trading?
Not all countries treat cryptocurrencies well. Therefore, if you are thinking of trading in digital assets, it will be useful for you to know in which countries this is a good thing.
We made for you a rating guide. Please feel free to use it!

https://preview.redd.it/b8eio7mic0421.jpg?width=6000&format=pjpg&auto=webp&s=16233ffe35860f20d0f97d518981a5ef40f2853b

Let's start with the negative attitude

China
In China, history seems to be reversed. They are "witch-hunting" again... We mean crypto platforms hunting, of course. At the same time, the matter concerns not only crypto exchanges but also peer-to-peer platforms.
In order to trade in crypto assets, the local population uses VPN.
Bolivia
The Bolivian Financial Supervisory Authority System (ASFI) is quite cruel to those involved in cryptocurrency matters. In any case, there are already 60 people on trial for this type of activity.
Moreover, since 2014, Bolivia has considered both Bitcoin and all Altcoins as pyramidal schemes. This is the first country in the world to ban the use of absolutely any currency that would not be issued or controlled by the government.
Bangladesh
Bangladesh law enforcement agencies are actively seeking holders and traders since any cryptocurrency operations are prohibited. For them, all the methods seem to be good - except that there is no announcement of a reward for their heads.
The Central Bank of the country declared that cryptocurrencies cannot be legal means of payment.

... continue with the neutral attitude

Japan
The Japan Financial Services Agency (FSA) is now considering the possibility of changing the legal framework for cryptocurrencies.
It is important that Japan is the first country to adopt a bill that recognizes cryptocurrency as a means of legal payments.
South Korea
After considering the issue of banning trade in cryptocurrencies and ICO in 2017, because of the fear of possible money laundering and tax evasion, South Korea is developing a structure that will allow Korean companies to collect funds on crypto markets.
The market also suffered from bursts of manipulation schemes. In response to many questions, South Korea issued a direct ban, and only recently decided to partially accept crypto market with certain conditions.
Seychelles
Now in Seychelles, several large crypto exchanges are registered. They are probably attracted by the lack of regulation of cryptocurrency trading and the advantages of the offshore zone.
However, at the moment the status of Bitcoin in this region is controversial.
Belarus
Legal regulation of cryptocurrency in Belarus so far consists only of the Decree of the President of the Republic of Belarus of December 21, 2017 No. 8 "On the Development of the Digital Economy." The decree has not entered into force, so Belarusians have no formal permission to use cryptocurrency in any way.
But at the same time, the country's leadership is loyal to the crypto industry. It is possible that a trading space "paradise" will appear in Belarus.
Russian Federation
Since January 2018, the implementation of cryptocurrency legislation has been actively discussed in the country, but so far there has been little success in this area.
Singapore
The country plans to divide cryptocurrency actions into three categories. The first is utility tokens, the second is digital security tokens, and the third group will include payment tokens, that is, cryptocurrencies.
In general, many cryptocurrency startups complain about not too transparent legislation in Singapore. At the same time, the government is clearly keen on the idea of attracting crypto traders.

... and end with a positive attitude

Malta
Malta is one of the most cryptocurrency-friendly countries.
The group of islands exceeds the major players: Japan, Korea, China, USA and Belize. The country has advanced in the acceptance of the crypto industry, ahead of such former leaders as China and the United States.
Even Binance crypto exchange moves to Malta. It means a lot!
Great Britain
Great Britain is another country that has long entered the race for the title of world cryptocurrency capital.
"The UK competes with other financial centers around the world that are also striving to become the crypto capital, so it’s important that this regulation be implemented as soon as possible," said Zeeshan Feroz, Coinbase UK CEO, in a letter to CNBC
USA
Los Angeles - the first in the list of US cities that accepts Bitcoin. There are 878 companies working for cryptocurrency. New York is the second after Los Angeles.
Manhattan in New York took the first place in terms of crypto trading - 6.9%, followed by Chicago - 4.9%, Jacksonville - 4.2%, San Francisco - 3.5%, San Antonio - 3.1%, and Washington - 2.4%.
Switzerland
Switzerland launches the process of registering crypto exchangers. To legalize their business, companies need to obtain a license from the Swiss Financial Market Supervisory Authority (FINMA).
Australia
Crypto exchanges are legalized in Australia, and the country is progressing in establishing legislation that meets the challenges of the crypto industry.
In 2018, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced the implementation of reliable cryptocurrency exchange rules.
The new rules require that exchanges operating in Australia register with AUSTRAC, identify and verify users, keep accounts, and fulfill AML / CFT reporting obligations.
In the future, unregistered crypto platforms will be subject to criminal charges and financial penalties.
Such conditions will surely be attractive to traders who are attentive to their assets and want to keep them safe and sound.
submitted by PlasmaPay to u/PlasmaPay [link] [comments]

The Schiff paradox

Peter Schiff has consistently been one of the most vocal critics of cryptocurrencies. He has raised every objection. Whether it's 'Ponzi' or 'energy consumption', he takes and amplifies the establishment anti-crypto zeitgeist. He doesn't drip poison on bitcoin so much as pour buckets of acid on it.
As he acknowledges in his latest podcast, he gets a lot of feedback complaining that he 'just doesn't understand it' or that as a 'hard-money guy/goldbug' he should get behind crypto. He says that he understands enough to know it's not worth anything and he explains crypto in terms of the Greater Fool Theory, where it is logical to buy something that is overpriced, in the reasonable expectation that you can find someone else (a 'Greater Fool') to buy it off you at a profit.
Criticism of Schiff tends to center around his conflict of interest as a gold seller. He says that he only started selling gold to stop his customers getting ripped off by other dealers. It is true that he was promoting gold when it was $1,350 but has kept strangely quiet about his predictions since it dropped to $1200 / oz. I think this is a red herring.
Schiff agrees that money should have value. In his mind, the value in gold as money comes from its use as a decorative and industrial metal. He cannot argue that gold has utility as money as it has not been used as money recently and using gold and silver as money in 2018 is impracticable. In this context bitcoin has no value. Schiff argues that fiat currencies have value; not because it is decreed—but because men with guns will come and knock down your door if you don't have fiat to give to the government. In that sense we are all compelled to work for worthless pieces of papeplastic.
The flaw in Schiff's thinking, is not understanding that being able to function 'as a money' has some value. This is why bitcoin acquired value initially, because people realised the native token of the blockchain would be useful as a money. Gold used to have some value as a money but what little remained from the days when it was used as money is now disappearing as people turn to better moneys like bitcoin, leaving gold as an industrial metal, which is what it is.
Fiat currencies have value as a money when digitised and/or exchanged as paper bearer bonds (cash notes). Schiff admits that government currencies are worthless and puts bitcoin in the same category, however the difference is that bitcoin has improved upon government currencies in the areas of supply inflation and disintermediation of third parties. All of the value of bitcoin is tied up in its utility as a money, something that Schiff refuses to admit exists.
Sound money must get value from being a money. If fiat can be a money, then bitcoin is a better money—and a better money is more valuable.

submitted by 1UazZNfbWi to btc [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.

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The post San Marino Ratifies Blockchain Decree appeared first on BitcoinNews.com. This entry was posted in Alessandro Palombo , Bitcoin News , Blockchain , blockchain decree , News , regulations , San Marino Innovation , Sara Noggler on June 7, 2019 by adminbtc . Der wohl größte Krypto-Hack, der auf das Konto von Nordkorea gehen sollte, war der Angriff auf die japanische Exchange Coincheck im Januar 2018, bei dem Kryptowährungen im Wert von über 500 Millionen US-Dollar gestohlen wurden. Kürzlich berichteten jedoch japanische Medien, dass in Wahrheit russische Hacker hinter dem Diebstahl stecken würden. Mit Ethereum (ETH) gegen Kim Jong-un ... Am Mittwoch lud der beliebte Krypto-YouTuber Sunny Decree auf seinem englischen Kanal ein Video zu Bitcoins (BTC) jüngster Preisentwicklung sowie zu IOTAs neustem Projekt Coordicide hoch. In diesem setzt er Bitcoins jüngste Preisentwicklung in Beziehung zum Langzeitchart und beschreibt anschaulich das Potenzial von IOTA. https://www.youtube ... The decree also notes that the license for conducting crypto-exchange activities will be issued only to foreign legal entities which have established subsidiaries or other enterprises in Uzbekistan. The Decree defines “cryptocurrency” as bitcoin or other digital signs ... US$505,000) for crypto-platform operators and 200,000 rubles (approximately US$101,000) for cryptocurrency exchange operators. The Decree has not established rules for the operation of ICO operators and crypto-exchanges; these areas will be left to self-regulation. Back to Top. V. Foreign Exchange Controls ...

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