Zero Hedge On a long enough timeline the survival rate ...

China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals | Zero Hedge - Bitcoin could SOAR once again.

China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals | Zero Hedge - Bitcoin could SOAR once again. submitted by jtschroder to Bitcoin [link] [comments]

China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals | Zero Hedge - Bitcoin could SOAR once again.

China Launches New Capital Controls: Puts $15,000 Annual Cap On Overseas ATM Withdrawals | Zero Hedge - Bitcoin could SOAR once again. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Seven NWO Agendas accompanying the "Coronavirus Epidemic"

Seven NWO Agendas accompanying the
by Makia FreemanFebruary 20, 2020
from TheFreedomArticles Website


Whatever you believe about the coronavirus epidemic, it is providing the chaos necessary for new (world) order.

AT A GLANCE...THE STORY:While the debate continues as to the true count of infected people due to the COVID-19 coronavirus epidemic, several sinister agendas are being pushed out.
THE IMPLICATIONS:Is the coronavirus an opportunity or excuse for the authorities to roll out long-desired schemes of control and manipulation?
-------------------------------------------------------------

While the coronavirus 'epidemic' continues, with people debating on both sides whether it is being overplayed or underplayed, it is worthwhile pausing to consider what agendas - and I mean which NWO agendas - are being rolled out using the epidemic as a cover or pretext.
As I covered in my last article The Coronavirus 5G Connection and Coverup, with these kind of outbreaks, there is always a dual motivation for authorities: the motivation to hype and the motivation to downplay because both approaches serve the ruling class in different ways.
Deception is a hallmark of government, and clearly all the more so in an emergency, so it is always going to be hard to trust whatever news or stats are coming from official sources.
Regardless of the virus' true origins and virulence, we can say for sure that there are several agendas being pushed as you read these words.
It's the same old Hegelian dialectic strategy of problem-reaction-solution, and whatever the reality is on a microbial level, the world's population has the perception of a problem, so the ruling class has another opportunity to make their order out of chaos.
Below are 5+ NWO agendas being carried out due to the coronavirus epidemic.
1. Centralized Control of Information, i.e. Censorship and Narrative ControlQuite a few of the speakers at the 'Event 201' simulation (hosted by the Johns Hopkins Center in partnership with World Economic Forum [WEF] and the Bill and Melinda Gates Foundation) spoke of the need for the centralized control of information during a pandemic, including one speaker Lavan Thiru (described as a Monetary Authority of Singapore) who mentioned,
"a step up from the part of the government on enforcement actions against fake news."
There were some who said Big Tech is a no longer a platform but a broadcaster and must be made to combat fake news.
Another speaker in typical fashion demonized conspiracy theories.
Here is a quote directly from the simulation/make-believe event (which came true 6 weeks later):
"Disinformation and misinformation are wreaking havoc... pharmaceutical companies are being accused of introducing the... virus so they can make money on drugs and vaccines, and have seen public faith in their products plummet.
Unrest due to false rumors and divisive messaging is rising, and is exacerbating spread of the disease as levels of trust fall, and people stop cooperating with response efforts.
This is a massive problem, one that threatens governments and trusted institutions.National governments are considering or have already implemented a range of interventions to combat misinformation.
Some governments have taken control of national access to the internet; others are censoring websites and social media content, and a small number have shut down internet access completely to prevent the flow of misinformation.
Penalties have been put in place for spreading harmful falsehoods, including arrests."
The plan is to continue the censorship which Big Tech has been spearheading for years now, using the excuse of harmful "fake news" by claiming that the dissemination of false information during an emergency is a bigger problem than usual and must be stopped.
Here are some other quotes from the event:
"I do think that there needs to be sort-of an honest broker, a centralized command-and-control organization that really brings together the public-private sector, both on a global approach and also on a local approach...""Yes, I agree, and I wanted to speak to the point about having the honest broker, and I think in this regard the United Nations fits the bill... ""It's important that the UN and WHO remain very clear, but when they challenge governments directly, they often get into this issue of sovereignty, and so I think it's really important not to have that as the only response... it's really critical to remember soft power influence..."
That last statement reveals yet again a dominant NWO agenda in so many arenas of life: narrative control.
2. The Cashless AgendaThe cashless agenda is a long-term NWO scheme that goes hand in hand with transhumanism, i.e. the digitization of everything in society, including things like money, information and life itself.
Power-hungry control freaks - the types of people that gravitate towards government - love the idea of a cashless society because then every single economic transaction can be traced, which allows authorities to build an even more complete picture of who you are so as stop any possible disobedience or revolution before it happens.
It also increases governmental revenue via taxation.
As this article highlights, China has jumped on the opportunity to forward the cashless agenda by claiming that paper money must now be taken out of circulation due to the possibility that it could contain traces of COVID-19 and therefore contribute to the spreading of the coronavirus.
3. Martial Law QuarantinesGovernments love martial law scenarios, because normal human rights are suspended.
Authoritarian China has been lauded by many globalists such as the late David Rockefeller as a model for the New World Order. Some of the photos and videos coming out of China showing the police state there have been horrific.
Another crisis, another opportunity for the government to see how much they can get away with under the banner of fighting the virus.
4. Mandatory VaccinationThe coronavirus 'epidemic' has provided a good excuse for governments round the world to introduce one of their favorite NWO agendas - mandatory vaccination.
The reason why this agenda is particularly so well liked is that it allows authorities access to the human body - and not just the citizen's body, but his or her bloodstream too. truthfully, we have no idea what is in that needle when it gets injected, so all sorts of things could be implanted in our bodies without our knowledge or consent.
Coincidentally (or not), China passed a law on June 29th 2019 that rolled out a national mandatory vaccination program.
Coincidentally (or not), the law went into effect on December 1st 2019, just weeks before the coronavirus epidemic became a worldwide news story.
Here is the article:
"On June 29, 2019, the National People's Congress Standing Committee of the People's Republic of China (PRC or China) adopted the PRC Law on Vaccine Administration (Vaccine Law).
The official Xinhua news agency states that the Law provides for the 'strictest' vaccine management with tough penalties in order to ensure the country's vaccine safety...
The Law mandates the launching of a national vaccine electronic tracking platform that integrates tracking information throughout the whole process of vaccine production, distribution, and use to ensure all vaccine products can be tracked and verified (art. 10).
According to the Law, China is to implement a state immunization program, and residents living within the territory of China are legally obligated to be vaccinated with immunization program vaccines, which are provided by the government free of charge.
Local governments and parents or other guardians of children must ensure that children be vaccinated with the immunization program vaccines...
The Law will take effect on December 1, 2019."
I also have to wonder about the implications when we have so-called experts like Ralph Baric who are pointing out that this coronavirus epidemic may include asymptomatic carriers (as in this story of the 10-year-old Chinese boy who had no symptoms but allegedly tested positive for COVID-19).
This may be helpful information, but it also adds fuel to the mandatory vaccine fire so to speak, because then the authorities claim that they have to vaccinate everyone to protect society due to all these possible hidden asymptomatic carriers that could pop up and infect everyone.
By extension, mandatory vaccination may also include DNA vaccines and microchipping (see next).
5. Bill Gates' ID2020: Digital Identification via MicrochippingAs David Icke says,
if Bill Gates is involved in it, it's bad for humanity...
NWO point-man Bill Gates,
has been heavily pushing GMOs and vaccines for years (including slipping up and admitting that vaccines contribute to population control)
he was part of Event 201 that simulated the coronavirus epidemic before it happened
he "didn't have any business relationship or friendship with" Jeffrey Epstein
so now we have to ask how else this sold-out NWO frontman is benefiting from the virus
Turns out the answer may be found in yet another globalist project Gates has been promoting:
ID 2020...
This is the human microchipping agenda, repackaged.
It sells itself as "a trusted and reliable way" to fulfill a "fundamental and universal human right" - safeguarding your identity both online and in the physical world.
This article reports:
"The ID2020 Alliance, as it's being called, is a digital identity program that aims to 'leverage immunization' as a means of inserting tiny microchips into people's bodies.
In collaboration with the Global Alliance for Vaccines and Immunizations, also known as GAVI, the government of Bangladesh and various other 'partners in government, academia, and humanitarian relief,' the ID2020 Alliance... wants all humans to be 'vaccinated' with digital tracking chips that will create a seamless monitoring system for the New World Order to manage the populations of the world with ease.""While the ID2020 program's testing grounds are primarily in the Third World, the group says it's also now working with governments here in the United States to start microchipping people through vaccination.
In Austin, Texas, for example, the homeless population is now being exploited as a collective guinea pig for ID2020's microchip vaccination program, which the group claims will help to 'empower' homeless people by supposedly giving them 'control' over their personal identity data.'The City of Austin, ID2020, and several other partners are working together with homeless people and the service providers who engage with them to develop a blockchain-enabled digital identity platform called MyPass to empower homeless people with their own identity data,' writes Chris Burt for BiometricUpdate.com.​ID2020 is also jabbing refugees with its microchip vaccinations through two inaugural pilot programs known as iRespond and Everest."
Since Gates was obviously intimately involved in planning this outbreak and ensuring his companies have the patents and vaccines for the newly released virus, is he also planning on using the coronavirus epidemic to further promote ID2020?

6. Agenda 2030: Wuhan Slated to be one of China's Smart CitiesA massive agenda involved in the coronavirus epidemic is the agenda of all agenda - UN Agenda 2030, which involves Smart Cities.
Guess what?
Before the outbreak China had already planned which of its cities were going to be the ones slated to become the pilot Smart Cities. Wuhan was one of them (which makes sense why it was also the site of China's 5G rollout as covered in a previous article).
See here:
"Wuhan Future City, located in eastern East Lake High-Tech Development Zone, is one of the four concentrated talent bases for major State-owned enterprises and the only 'future science and technology town' approved by the State Council for central and western regions."
**7. Is the Coronavirus Epidemic a Race-Based Bioweapon?**I don't know if I would exactly classify this as a NWO agenda, but a race-based bioweapon is certainly a likely possibility here.
Consider that virtually all known deaths from the coronavirus epidemic thus far have been in China. Only around 4 deaths outside of China have been reported - 1 in the Philippines on February 1st, 1 in Japan on February 13th and 2 in Iran on February 20th.
Lance Walton (VDare.com) has written several articles asking why no one is talking about it.
He points out how WHO (World Health Organization) Director-General Tedros Ahanom Ghebreyesus declared that he opposed travel bans.
ZeroHedge.com quoted him as saying that,
"We reiterate our call to all countries not to impose restrictions that unnecessarily interfere with international travel and trade. Such restrictions can have the effect of increasing fear and stigma, with little public health benefit."
If the virus doesn't discriminate based on race, and just weakens or kills anyone, then the public health benefits of banning people would be great.
However, if the virus does indeed discriminate on race, and only targets East Asians, then the WHO head's comments make sense.
This raises yet more questions:
If the COVID-19 is a race-based bioweapon, who created it?The US?Israel?How did they sneak it into China and release it?

A screenshot of the opening ceremony of the Wuhan Military Games proclaiming a 'New World.'

Conclusion - Coronavirus Epidemic Being Used to Push NWO AgendasInterestingly, the opening ceremony of the Wuhan Military Games declared a "New World" (see above image of a screenshot from the opening ceremony) which suggests the phrase New World Order and also suggests societal transformation:
yet another clue that this entire event was pre-planned...
Whatever the truth turns out to be about the origin of the virus itself,
who created it, how it was released and whether it is really as dangerous as is hyped,
...there can be no doubt that the entire coronavirus epidemic phenomenon is being used to accelerate several NWO agendas in typical problem-reaction-solution style...
submitted by CuteBananaMuffin to conspiracy [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

Review: The most thrilling 24 hours in Bitcoin history

From 12:00 on March 12th to 12:00 on the 13th, Bitcoin, the most influential currency in the cryptocurrency industry, suffered two major declines, and its price fell from a maximum of 7,672 USD to a minimum of 3,800 USD (data from Huobi, the next Same), the decline was 50.4%, which means that the price of Bitcoin has achieved a fairly accurate "half price" in these 24 hours.
Previously, Bitcoin's "halving market" was mostly considered to be an increase in market prices caused by Bitcoin's halving production, although many people have questioned the "halving market" as " The price is halved ", but when bitcoin walks out of the current bad market, it still surprises most investors.
First plunge
The bad 24 hours started at 12 o'clock on March 12. Due to the rapid spread of the new crown epidemic in Europe and the United States, the global financial markets have been raining for several days. After several adjustments, the price of Bitcoin has hovered up and down within the range of $ 7600-8200 in the previous three days. However, after 12 o'clock on the 12th, Bitcoin The price fell below $ 7,600 for the first time, breaking the psychological expectations of many investors, entering a rapid decline channel, and dropping to about $ 7,200 at around 18 o'clock.
At this time, the decline of Bitcoin is still around 7%, which is a common occurrence in the history of Bitcoin. However, after 18 o'clock that day, the market turned sharply, and the price of bitcoin plunged again in a short period of time. It fell to US $ 5,555 within tens of minutes, a drop of 28%, and the amount of contractual positions on each platform exceeded US $ 2 billion.
During the decline, most major exchanges such as Huobi, Binance, and OKEx experienced systemic freezes of varying degrees. Many users complained for a long time that the exchange app could not properly display the homepage, market page, and transaction page, and added positions, stops, and withdrawals. Obstacles such as cash withdrawal and cash withdrawal operations have also shown that this situation also highlights that mainstream exchanges still fail to address the ability of their trading systems to respond to extreme conditions.
For this decline, the collective sell-off of large Bitcoin holders is considered to be the main reason. For example, Grayscale Investment, the world's largest crypto asset fund management company, was sold and sold 40,000-50,000 Bitcoins. News from the exchange said that Bitcoin sold 400,000.
For a long time, bitcoin has been called "digital gold" by the blockchain industry, and has good risk aversion properties. During the tense situation between the United States and Iran in January this year and the global stock market fell, Bitcoin rose from $ 7,200 all the way to more than $ 10,000. Bitcoin's safe-haven attributes have been widely recognized in history, but this time caused by the new crown epidemic Under the risk of the global economic downturn, the decline in the price of bitcoin has become the asset with the largest depreciation among various mainstream financial assets, and its high-risk nature will most likely collapse.
Some analysts believe that bitcoin should be further classified as an alternative asset. At a time when liquidity shortage is extremely serious, as a high-risk alternative investment asset with the highest volatility in the world, funds will naturally be drawn from the market by investors. Looking for safer, more liquid assets, prices plummet.
"Everyone in the future will realize that Bitcoin is not digital gold, but" an amplifier of risk. " Its value cannot be anchored. Unlike other asset prices, which are affected by costs and prices, Bitcoin has no normal market value range. As of now, it does not have any convincing valuation basis, more like a swaying boat. Without the anchor, its value fluctuates greatly, and the impact of halving the market and supply and demand on it is far less important than psychological factors. "Said Cai Kailong, senior researcher at the Institute of Financial Technology of Renmin University of China.
However, some people in the industry hold different opinions. "BTC is still the most powerful currency in the history of mankind. It provides liquidity 24 hours a day. This is something that other markets simply can't imagine, but because liquidity is too good, this time it just happened to happen in other markets. When funds are scarce, the first choice for selling supplementary funds has also led to the decline of gold. Of course, the amount of BTC that is currently much lower than gold is certainly unstoppable in a short period of time. "A Weibo blogger" "fhrp".
In addition to the sell-off of large institutions, some mortgage lending platforms have also passively become an important boost for this downturn. In the past six months, the Defi concept has been particularly hot in the blockchain industry, and many cryptocurrency-based cryptocurrency lending platforms were born.
As a result, a large number of large Bitcoin users will pledge the Bitcoin in their accounts to third-party lending platforms and use the USDT to borrow cash to purchase cash, which is equivalent to increasing leverage. However, these platforms are not mature in terms of mortgage rate setting and liquidation mechanisms. Users who increase the mortgage rate of assets have a slower transfer speed on the chain. As a result, during this period of rapid decline in the market, a large number of mortgage orders have lower mortgage assets than loans. As a result, the amount of bitcoin out-of-market positions this time was far more than in the previous period of large market volatility, which further exacerbated the selling pressure of the bitcoin spot market.
From 19:00 on the 12th to the early morning of the 13th, the price of Bitcoin hovered in the range of 5800-6200 US dollars, and the market began to prepare for the next stage of the trend.
Second plunge
On the evening of the 12th, the stock markets of mainstream countries in Europe and the United States successively opened and collectively fell, and the stock markets of at least 11 countries, such as the United States, Canada, and the Philippines, melted down. At the close of the morning on the 13th, both the Dow Jones Industrial Average and the S & P 500 Index had the largest single-day percentage decline since the 1987 stock disaster. The Dow closed down about 2352 points, the largest drop in history.
The bad performance of the stock market quickly passed to the currency market. Beginning at 7 o'clock on the 13th, the price of bitcoin plunged from the position of $ 5,800 once again, dropping all the way, and successively fell below $ 5,000 and $ 4,000.
For the rapid decline of the market, many people in the industry believe that the main factor is not only the panic selling of the market, but also the mutual stepping on of contract investors. Weibo blogger "AlbertTheKing" pointed out that most of the long positions in Bitcoin leverage are in the BitMEX perpetual contract market. The long positions caused by the decline in bitcoin prices caused a series of short positions, which in turn caused arbitrage spreads and spot arbitrage. The party rushed in to open multiple orders and sell spot arbitrage at the same time, thinking it was okay. As a result, I did not expect Bitcoin to fall more and more fiercely, and his own arbitrage and long positions also burst. So at first, the leveraged bulls stepped down on each other, and later became the arbitrage party. .
"Fhrp" also pointed out that because BitMEX only has BTC margin, ETH's permanent liquidation also needs to be undertaken by btc. The profit portion of the hedge order cannot be included in the margin, and BTC is not sufficient because of the card being in serious shortage. The exploding warehouse order was opaque, so that no one dared to pick up the corpse later, fearing that it would become a corpse. Of course, the key is the lack of a fusing system, so that the market can slowly wait for liquidity to keep up.
Under the interweaving of many risks, the price of bitcoin is about 10:15. It has fallen below 3,800 US dollars in many exchanges such as Huobi and OKEx, which is 38% lower than the price of 0 on the day and 50.4% lower than 24 hours ago. This is the highest record in the 24-hour drop since the birth of Bitcoin.
Such a precise decline cannot be doubted as the bad taste of the bookmaker behind the exchange, if the bookmaker does exist. Of course, it is not excluded that this situation is due to the tacit understanding among the main market participants, or a purely natural phenomenon.
But judging from objective facts, there is indeed some evidence that the situation is unnatural. After bitcoin hit a low of $ 3,800, its price quickly rose in the next 20 minutes, rising by 59% to $ 5,250, but then fell rapidly. At the turning point of $ 3,800, which is 10:16, the BitMEX trading system, the largest bitcoin exchange in the cryptocurrency industry, suddenly stopped until 10:40.
It can be seen that the time point when the Bitcoin price stopped falling rapidly and stopped rising rapidly was close to the time point when BitMEX went down and returned to normal. This shows that BitMEX has a huge influence on the secondary market, and it also makes a lot of One suspects BitMEX is manipulating the market.
Sam Bankman-Fried, chief executive of Derivatives Exchange FTX, tweeted that he suspects BitMEX may have intentionally closed transactions to prevent further crashes and to avoid using exchange insurance funds. Mining company BitPico also tweeted yesterday, "According to our analysis, BitMEX Research has closed its long position of $ 993 million with its own robots and capital. Today the manipulation of the bitcoin market is caused by an entity and the investigation is ongoing. "
In response to this incident, BitMEX responded that there was a hardware problem with the cloud service provider, and in a subsequent announcement, it was pointed out that the DDoS attack was the real cause of the short-term downtime.
Why the downtime of the BitMEX trading system is difficult to verify, but from its objective impact, its short-term downtime plays a vital role in curbing the further decline in the price of cryptocurrencies such as Bitcoin, which has eased investment to a certain extent. The panic sentiment created by this has created space for the rebound and correction of cryptocurrency prices such as Bitcoin.
Sam Bankman-Fried even speculated that if BitMEX did not go offline because of a "hardware problem" this morning (February 13), the price of Bitcoin could fall to zero.
If compared with the traditional financial market, the effect of this BitMEX outage event is quite similar to the "fuse" mechanism of the stock market. Trading is suspended for dozens of minutes at the moment when investor sentiment is most panic, so this outage event Also aroused the emotions of many people in the industry.
"BitMEX has helped the currency circle" melt out, "otherwise the chainless stepping will not know where to fall. After the fuse, everyone calmed down and the market returned to normal. Weibo blogger "Blockchain William" posted a blog saying, "The market is not afraid of falling, and it is not afraid of stepping on it. That is why. This is why the global stock market has melted down because investors panic. It is a bottomless pit. Once out of control, there is no bottom Now. "
Of course, the factors that cause the market situation to reverse are not limited to this. According to the feedback from multiple users on social platforms, BitMEX and Binance's major exchanges forced the short positions of multiple accounts to close positions at 10 o'clock on March 13th, that is, the automatic lightening mechanism was in effect.
According to the BitMEX platform mechanism, when investor contracts are forced to close out, their remaining positions will be taken over by BitMEX's strong closing system. However, if a strong liquidation position cannot be closed in the market, and when the marked price reaches the bankruptcy price, the automatic lightening system will lighten the investor holding the position in the opposite direction, and the order of lightening is determined according to the leverage and profit ratio .
Specifically, due to the sharp fluctuations in the price of bitcoin, a large number of long single-series bursts and the scarcity of market liquidity. In order to control the risk, the platform will automatically place some short orders with high profit ratios and high leverage on the market, increasing market flow. It also avoids the risk to the platform caused by the inability of the short-selling order to be executed in a timely manner.
According to BitMEX's announcement, about 200 positions were automatically closed by the system. And Twitter blogger Edward Morra said, "On BitMEX alone, short positions worth about $ 500 million have been liquidated." If this data is true, it means that BitMEX's strong liquidation operation has brought more than 5 to the contract market. The market price of 100 million US dollars has a significant positive effect on the market that is being sold out.
However, as a compensation, BitMEX also stated that it would contact each damaged user and compensate them according to the maximum potential profit that the investor obtained during the automatic liquidation.
In any case, through the operation of exchanges such as BitMEX, the price of bitcoin has entered a recovery channel, and it is still hovering at the $ 5,000 mark, while driving the entire cryptocurrency market to pick up.
After this thrilling 24 hours of bitcoin, the ideal "halving market" has disappeared. The real and brutal "halving market" is coming. Perhaps many investors and investment institutions have expressed their confidence in the crypto assets represented by bitcoin. The understanding will change in this regard, and the confidence of the entire industry needs to be rebuilt. This depends on the application value of bitcoin to be deepened.
submitted by FmzQuant to u/FmzQuant [link] [comments]

If an influx of some $100 million moves the price of one Bitcoin with a $1000.........

I saw this on Zero Hedge:
Oliver von Landsberg-Sadie, chief executive of London-based cryptocurrency firm BCB Group, said the move was likely triggered by an algorithmic order worth about $100 million spread across major exchanges - U.S.-based Coinbase and Kraken, and Luxembourg-based Bitstamp.
"There has been a single order that has been algorithmically-managed across these three venues, of around 20,000 BTC,” he said. “If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour”.
So there was an influx of some $100 million that caused Bitcoin to rise $1000 a coin. Yes I guess it triggered some shorts to be covered etc..
But an influx of $100 million is just a small amount when looking at some budgets. Russia is roughly buying a million ounces of gold each month, that's more than one billion $. What if Russia decided to invest half of that money next month into Bitcoin...
If it would only have the same effect of that $100 million influx Bitcoin would rise $5000 a coin. What if Russia would do that the coming 12 months? What if China decided to join after some months, what if they would double that amount.
You can bet other countries wouldn't be just watching and see where the price would go to. Nor would the average investor and others. It will simply be a waterfall of countries, investors, companies and normal people who will blindly jump in and the absurd price movements would make December 2017 look like a minor spike on the charts.
Wishful thinking, absurd, dreaming you say? Well guess what I was told halfway 2017 when I said I expected Bitcoin to be worth more than $10k within 5 years time. How could I know it would be double that prediction in only 6 months...
It's simple math, if governments, pension funds, investors, etc will just be toe tipping into Bitcoin, the price movements will be so big that December 2017 will look like a warmup party.
There will be so many spikes like today, and bigger, for such a long time it will be on every news outlet, in each newspaper, be talked about at every coffee machine, and here at reddit we will see people go crazy like never before.
At this moment it's still a gamble if this will work out let alone when, so invest only what you are willing to loose. But once it gains momentum don't think you will have much time left to start learning about it, setup an account, start accumulating.
I simply don't see any other escape from the devastating fiat ponzy we are in right now. It will be both the realization of the worthlessness of fiat combined with the insight that Bitcoin is different that will cause an unstoppable wealth transfer.
When will you start to see it, start to believe in it, start to transfer your wealth into Bitcoin? At 10k, at 100k? Why don't you think out a plan, make up your mind about what would convince you Bitcoin isn't some scam? At what price level would you think it is safe to gamble/invest 1% of your wealth into it, when to invest 10% of your wealth in it? Would you be ready if the first pension fund announced it invested in it, or if a small country would admit it put some of it's reserves into it? Just think about it, make a plan, be ahead of the herds.
The next ath will probably take the price to a level where an average family will have a very hard time to just get 1 Bitcoin, but could easily take it to levels it will just become impossible. Even if after that ath it would drop again with 70-80% it will very likely be way above the current price. And if you would go and explore above samples and realize how much money will be involved it's hard to imagine it will ever again reach current levels once those gates are opened. Compare it to what it would take to invest $5k right now.
I try to explain I think it's a bigger risk to have no exposure at all than to miss out if Bitcoin would succeed.
Don't go crazy with your exposure, but investing some money you can miss, to me that is more sound than dismissing Bitcoin all together. Don't just believe what i say, learn what Bitcoin is how it works, make sure you understand where you put your hard earned money into.
But start learning today, you won't be able to go back in time.
submitted by Btcyoda to Bitcoin [link] [comments]

Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?

Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?

Chinese authorities are testing the digital yuan: is it worth waiting for the digital dollar?
The development of the digital renminbi is proceeding rapidly: a few days ago it became known that companies and customers of the largest banks in several cities of China were testing it. Moreover, corporations such as McDonald’s and Starbucks will take part in the test, among others. + Why is China in a hurry to release a national cryptocurrency, at what stage is development and why its main opponent is not Bitcoin or Libra from Facebook, but the US dollar, DeCenter found out.
For a long time, almost nothing was known about China’s national digital currency (DCEP), or the digital renminbi, except that the Chinese authorities were working on it. Information was officially confirmed only in 2018. Moreover, it turned out that research and development has been ongoing since 2014. And in the summer of 2019, the deputy head of the department of the National Bank of China (NBK) Mu Changchun, who is called the main ideologist of the digital renminbi project in power, said that he was “almost ready.” This was preceded by the sensational announcement of the cryptocurrency project Libra from Facebook, which officials in many countries took with hostility.
As DeCenter wrote, cryptocurrencies have pushed the Chinese authorities to create DCEP by the growing competition with fiat currencies. Despite the formal ban on cryptocurrency exchanges and ICOs, Chinese people are still actively using crypto assets. The digital yuan could be an alternative to decentralized coins. In addition, the main capacities of world mining of the Bitcoin network are concentrated in China, the blockchain startup industry is developing rapidly and with government support. Such a contradictory and motley picture.
According to the professor of Fudan University, Michael Song, the real impetus for accelerating the development of the digital renminbi was not so much the Libra coin, but the keynote address by President Xi Jinping in October 2019. Then he called on officials to “make every effort” to develop the blockchain and introduce solutions based on it into the real economy. At the same time, Xi noted the importance of implementing technology in digital finance. According to Song, this was a signal for central authorities to accelerate the release of DCEP and facilitate its distribution in China and beyond.
Mobile App First
But the real details about the digital yuan became known recently, in April. Then, WeChat published screenshots from the test mobile application of the Agricultural Bank of China (SBC) for operations with DCEP. Some of the application’s functions were visible on the screenshots: wallet, function of payment via QR-code (a popular payment method in China), receiving and sending money, as well as “pairing” wallets of two users for transactions through convergence of devices (probably using NFC-technology)
Mobile app interface for the RMB.
Later, the NBK confirmed the authenticity of the screenshots and added that the digital renminbi is being tested in cooperation with several commercial banks, and its territory is limited to four major cities. As The Block later clarified with reference to Chinese media, in one of the cities — Suzhou — municipal officials in May will receive half of the subsidies for travel on public transport in “digital yuan”.
The authorities did not disclose the official launch date for DCEP, but added that the next test of the digital national currency will be held in 2022, during the Beijing Winter Olympics. Probably, then the scale of the test will be much larger and will also affect foreign citizens.
It is curious that on the same day, the State Committee for Development and Reforms of the PRC — the former Gosplan, now in charge of strategic economic planning, announced the inclusion of blockchain in the national technology development strategy. Now it is a priority for the state along with other promising areas, such as artificial intelligence, cloud computing and the Internet of things.
Commerce and trading in the digital yuan
The NBK is not limited to banks and individual users of the digital yuan: thanks to a report from the Chinese publication InterChain Pulse, another test was revealed, but with the participation of almost two dozen companies. The project will be held on the territory of the New Xun’an District (something like a special economic zone, but an urban type).
The project includes companies in the field of catering, retail, transport and entertainment. The list also includes American companies McDonald’s, Starbucks and Subway, as well as a number of local chains: fast food Qingfeng Baozi, supermarkets JD (operated by the leading online retailer of the same name in China), Jinfeng cafe and others. Four state-owned banks provide financial infrastructure, as well as fintech giants Ant Financial (formerly Alipay) and Tencent. Administrative support is provided by local governments.
Xun’an — a kind of testing ground for the “digital city”. All government services have already been digitized here, 5G mobile networks, unmanned vehicles and much more are used. At the end of March, a blockchain laboratory was opened in the city, which will be engaged in the implementation of DLT-based solutions in urban infrastructure and services.
At the same time, InterChain Pulse did not provide data on the date of the start of the digital renminbi experiment in Xiongang or the timing of its implementation.
Ram against the dollar
Given that the digital yuan is a project of the Chinese authorities, it is not surprising that, in addition to domestic economic interests, they also pursue political goals. Namely, the victory over the global “hegemony” of the US dollar. So, the DCEP developer Mu Changchun in September last year said that “the digital yuan is necessary for China to protect the monetary sovereignty of the country”.
The Ledger Insights portal cites an article by the Chinese political science center Zero One Think Tank, which states that the digital yuan will help “internationalize” the Chinese currency. In particular, through transactions in large-scale foreign economic projects of the PRC. Among them is the One Belt, One Road initiative, which brings together many of China’s neighbors as part of the Silk Road Economic Belt and the 21st Century Sea Silk Projects. High scalability of DCEP will solve the problem of increasing the share of settlements in RMB in foreign trade. So far, China has failed.
State-owned Chinese companies already have the infrastructure needed for cross-border operations in the digital yuan. For example, last fall, the Chinese Construction Bank (the third largest in China) released the second version of its financial blockchain platform for international settlements after the volume of operations on it exceeded $ 50 billion. The platform users are mainly foreign banks and Chinese exporters.
All four major Chinese state banks, which recently announced their participation in the project for the commercial testing of the “digital yuan” in Xiongang, have their own foreign trading platforms based on a distributed registry.
Digital dollar
The U.S. currency really dominates global finance: in 2019, 90% of international transfers and 60% of government reserves were in US dollars, while the yuan in both segments accounted for only 2%. Such data are quoted by Voice of America.
The dollar is needed by private companies and banks to hedge the risks of depreciation of national currencies in international transactions. However, the widespread use of the dollar also gives the US government leverage — for example, with the introduction of economic sanctions.
The emergence of alternative international currencies could undermine US influence. In a commentary on Voice of America, Special Assistant to the President Tim Morrison expressed confidence that Beijing’s intention to “dominate this new financial technology should be alarming”, referring to cryptocurrencies.
Apparently, while the US authorities do not plan to issue their own digital dollar.
In late February, speaking in the Senate, US Treasury Secretary Stephen Mnuchin said that Washington does not intend to issue a national cryptocurrency at this time, but may return to this issue in the future.
The day before Mnuchin’s statement, Jerome Powell, the head of the US Federal Reserve System, spoke in the House of Representatives. Congressmen called on him and colleagues in the government’s financial bloc to step up work on the digital dollar until they got ahead of the Chinese. To this Powell replied that the conditions in the USA and China are different: “For example, the idea of a registry where everyone will see each other’s transactions is unlikely to be attractive in the context of the United States. This is not a problem for China.”
As for Libra, last year’s announcement of which was accompanied by mass criticism of Western officials, on April 20 an updated version of the white paper project was released. In the new document, the developers officially abandoned the concept of a single global stablecoin, decentralization and anonymity and pledged to comply with all regulatory requirements.
submitted by Smart_Smell to Robopay [link] [comments]

Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger

Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
https://medium.com/@CryptoSeq/large-enterprise-adoption-of-blockchain-is-happening-enabled-by-quant-networks-overledger-32321b650115
This is Part Two in the mini-series looking at Quant Network. You can see Part One here as well as links to other articles at the bottom of this post.
Quant Network have achieved incredible levels of adoption since launching Overledger less than a year ago. Their growth strategy is to partner with multinational global organisations with huge amounts of employees to then host / implement / take Overledger to each of their own clients. So one Partnership, leads to exponentially more and is the fastest way to scale rather than trying to partner with each customer individually. This is how companies such as Oracle grew so fast and Microsoft with their Partner Network.
These are multinational global organisations with 100,000 + employees, this is the scale that we are working towards to take Overledger to the mass market. We can’t do it one by one in each country and sign them up but we can partner with someone that has 100 customers and they can take it to all their customers as well which helps with the adoption of our technology” — Gilbert Verdian
Let’s start with arguably the biggest partnership for any Blockchain company listed on Coinmarketcap, the leading Financial Network Provider in Europe, SIA.

SIA

  • Provide the leading Financial Network in Europe with more than 100 Tier 1 banks connected, 44 Trading venues (including the main international stock markets in Milan, Rome, London, Frankfurt and New York) and other financial institutions covering the entire trading process from pre-trading to post-trading
  • process 14 Billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network
  • SIA in partnership with Colt and SWIFT are the only two network providers awarded a 10 year tender commissioned by the European Central Bank for the provisioning of connectivity services allowing European central and commercial banks, central depositories, automated clearing houses and other payment service providers to connect directly to Eurosystem market infrastructures through a single access interface (Eurosystem Single Market Infrastructure Gateway — ESMIG).
  • SIA’s SIAchain is the leading blockchain architecture in Europe connecting 570 Banks, Central Banks, Trading Venues and other Financial Institutions using R3’s Corda, Permissioned variants of Ethereum and Hyperledger Fabric.
  • SIA have Integrated Overledger into the leading blockchain architecture in Europe SIAchain so that all of the 570 banks, Central Banks, Trading venues etc can benefit from Blockchain Interoperability.
“Since the European launch of our private infrastructure SIAchain, we are at the forefront of innovation in blockchain technology with the aim of supporting financial markets with a high-performance and secure architecture and a clear governance model. We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT”, says Daniele Savarè, Innovation & Business Solutions Director, SIA.
https://youtu.be/0cNmGrLPoTo
So what we’ve done is instead of just announcing one client and one thing, we’re announcing that we’re working with SIA. So, SIA is the leading European payment infrastructure. And what we’re doing with SIA is interconnecting blockchain networks with SIA, and doing settlements, which are central bank settlements, with the central bank in Italy. So what Overledger is doing is we’re actually bringing blockchain and interoperability to all of SIA’s clients, which are 580 banks. So, Overledger could be rolled out to all these institutions, financial services, banks, at scale, and have interoperability to get the benefits of this.
To read more see my other article which goes into more details about SIA here
https://preview.redd.it/dbpfz3914pn31.png?width=1148&format=png&auto=webp&s=f9e6b3db87954f2e86a4ce2e060646fa440e8543

AX Trading

Quant Network are working with AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange. AX Trading is not just about trading securities but other digital assets such as Bitcoin, Ethereum and potentially even Quant in the Future.
  • an SEC-registered broker-dealer and Alternative Trading System (ATS) Operator. They are a member of FINRA and SIPC regulated authorities.
  • Have investors and sponsored brokers such as Credit Suisse, (a multinational investment Bank and Financial services company worth $27.5 billion).
  • AX currently have over 800 Institutional traders (these are not individuals, but corporations such as hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds etc).
  • AX Trading have also partnered with Euronext, the largest Stock Exchange in Europe with a market cap of $4.65 trillion as of 2018, in the creation of Euronext Block which utilises AX Trading.
  • This is a multi-trillion dollar market with huge global enterprises, traditional exchanges and global banks are all adopting DLT at a rapid pace and going into production at scale in a matter of months
Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets
George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.”
To read more see my other article which goes into more details about Wall Street 2.0: Enabled by Quant Network’s Partnership with SEC & FINRA registered AX Trading here
https://preview.redd.it/on9hbjk54pn31.png?width=1286&format=png&auto=webp&s=ca9ed465376e483801cf87e8933f0e718be915b4

Oracle

  • Oracle are the second largest software company in the world, second only to Microsoft and worth $174.5 billion.
  • Quant Network are an Oracle Fintech Partner. Oracle are jointly going to market with Quant Network and taking Overledger directly to their 480,000 clients globally.
  • On the week commencing the 23rd September 2019 Quant Network and Oracle will be showcasing Overledger at the largest Financial event of the year SIBOS. SIBOS is a very exclusive financial services only event that only institutions that are connected to SWIFT can attend. The only 2 Blockchain firms attending are Quant Network and Ripple.
At Sibos 2019 Oracle is excited to feature 10 of our fintechs that have proven they are enterprise cloud ready and span a wide range of digital transformation themes including several available on Oracle’s Open Banking API ecosystem. Discover how you can accelerate your digital banking journey with a wide range of proven Oracle fintech solutions that meet the security, performance, and compliance needs for today’s Adaptive Bank — Oracle SIBOS 2019 Blockchain Enables Trustworthy Transactions The potential uses of blockchain technologies are seemingly endless, from providing easy access to online payments to creating connected economies. But one of blockchain’s standout promises is to automate trust by providing an incorruptible platform for transactions. Quant’s Overledger is the world’s first blockchain operating system. It’s designed to provide any network in the world with a gateway to all other blockchains, and therefore enable companies to develop new solutions by incorporating features from multiple blockchain applications. — https://blogs.oracle.com/startup/innovation-pays%3a-the-five-fintech-startups-making-money-more-interesting
https://preview.redd.it/bv0hxxr84pn31.png?width=1100&format=png&auto=webp&s=8e67dd4a7b23eae444ed1ed9e7f7bda972236280

Crowdz

  • Crowdz are the leading blockchain-based trade finance company
  • Headed by Cisco’s former global supply-chain leader
  • In business since 2014, with 270+ beta clients
  • partnered with Barclaycard, part of Barclays Bank, to integrate into their payment solutions
  • Recently received $5.5 million Series A Investment from Barclays Bank and BOLD Capital Partners, with additional investments coming from TFX Capital Partners, Techstars Ventures, and First Derivatives
  • In talks with the Korean Government about using their tech.
Payson Johnston, President and CEO of Crowdz, a Silicon Valley trade-finance and financial-technology company, stated that, “Although Crowdz uses the Ethereum blockchain as the foundation for our Invoice Auction Exchange, we have needed a solution that allows for invoices and other documents to be transferred from one blockchain to another — for example, among Hyperledger, Corda, and EOS. With the Overledger solution from Quant Network, it is now possible to pass data among different blockchains. Crowdz looks forward to working with Quant Network to enable the true multi-blockchain environment that our customers demand.”
You can read more about the announcement here

AuCloud and UKCloud

  • UKCloudX is the UK Sovereign High assurance cloud services designed for the UK’s most sensitive and mission critical systems from Defence, National Security to wider Government requirements.
  • AUCloud is Australia’s sovereign cloud Infrastructure-as-a-Service (IaaS) provider, exclusively focused on the Australian Government (Federal, State and Local) and Critical National Industry (CNI) communities.
  • AuCloud integrate Overledger onto the AUCloud platform to provide highly secure and interoperable Blockchain-as-a-Service for Australian Government and Defence and the critical national industries and supply chains that serve the nation.
Scott Wilkie, Director of AUCloud stated that Australian Government, Department of Defence and major industries are using or testing blockchain to interact with their supply chain, critical infrastructure, national record keeping and financial services. These organisations require the interoperable functionality that can only come with an operating system like Overledger and the security of the leading sovereign Australian cloud platform. Without Overledger, none of these projects or systems will be able to communicate with each other or enable cross party collaboration. Brad Bastow, CTO AUCloud (previously CTO Department of the Prime Minster & Cabinet) stated that “applying world leading blockchain technologies to enhancing the cyber security of cloud IaaS and PaaS can significantly improve the ease of adoption and reduces risks for all government users and citizens. We aim to bring the most effective and assured technologies as-a-Service and Quant Network have some of the most advanced blockchain technology in the world in this respect.”
You can read more about the announcement here

SIMBA Chain

  • A Cloud-based, smart-contract-as-a-service (SCaas) platform. enabling users across a variety of skill sets to implement DAPPs.
  • formed from a Defense Advanced Research Projects Agency (DARPA) grant in 2017 originally developed by ITAMCO and the University of Notre Dame
  • Awarded a grant from the Department of Energy to develop a platform for a blockchain solution for the solar energy market.
  • Their platform is available on Azure and are Microsoft Start Up Partners with a former Microsoft Global Exec Joining SIMBA Chain.
  • Some of their other partnerships include the Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY
  • Recently announced they are starting to develop on Quant Network’s Overledger to enable connection to all of the blockchains currently connected through Overledger and provide interoperability between them.
https://preview.redd.it/blpktdhc4pn31.png?width=438&format=png&auto=webp&s=ddf8bbad9bb1c2e32e84718b03fdac08e1f46663

https://preview.redd.it/lv7c8upd4pn31.png?width=1085&format=png&auto=webp&s=33c1b51f8b4b4479de99ac37ea4def67b348fe5e
https://youtu.be/u4ymv3AM_Us

AllianceBlock

  • an AI-powered decentralized investment and financing ecosystem, which allows corporates to quickly, cheaply and safely raise funds, whether it be equity, debt or tokens.
  • Selected as 1 of 15 Best Early-Stage startups at Money 20/20, Europe’s Largest Finetech Conference.
  • Joined Kickstart Innovation, one of Europe’s largest multi-corporate accelerators.
  • Joined Level39 Europe’s largest Fintech Accelerator
  • Partnered with Holochain, Elastos and Portugal Finlab
  • have more than 35 years combined experience in capital markets at top investment banks (Goldman, JP Morgan, Barclays…) and more than 10 years in AI, IT and software development (Barclays, VINCI, PostNL…).
“AllianceBlock will use Overledger to leverage multiple blockchains and create multi-chains token swaps. This partnership offers the possibility to open a new set of real-world applications leveraging different features from different chains. AllianceBlock is delighted about this partnership which will help blockchain projects and SMEs wield blockchain technology very easily” said Rachid Ajaja, Co-founder of AllianceBlock.

Jiangsu Huaxin Blockchain Institute

  • the first state-owned research hub dedicated to exploring blockchain technology for the Chinese Ministry of Commerce with over 100 employees.
  • high-tech R & D institution backed by the provincial government in Jiangsu, the second highest GDP grossing province in China
  • Backed by parent company Beijing Huaxin Electronics Enterprise Group, a conglomerate that has incubated and invested in numerous IT and telecommunications companies
  • China’s official institution for blockchain development, signed an agreement to collaborate on the development of innovations like distributed computing and quantum cryptography to revolutionize the next generation of distributed ledger technology (DLT) protocols.
  • Quant Network have signed a MoU for a 5 year cooperation

Atlantic Power Exchange

  • An Early Stage start-up developing P2P energy software enabling automated trading of green and sustainable electricity over the blockchain
  • Creating an Upstream Energy exchange which interconnects existing P2P exchanges (like PowerLedger, WePower, GridSingularity etc) to multiple stakeholders, suppliers and customers in Australia.
  • All Built on Overledger

Managing Director of Rockefeller Capital Joins the Board of Quant Network

  • Rockefeller Capital Management is a leading independent financial services firm led by President & Chief Executive Officer Gregory J. Fleming, offering global family office, wealth management, asset management and strategic advisory services to ultra-high-net-worth individuals, families, institutions and corporations
  • Rockefeller Capital Management manages over $19 Billion in Assets with the aim of expanding this to $100 billion within 5 years.
Guy Dietrich, Managing Director, Rockefeller Capital commented:
“I’m delighted to join the Board of Quant Network. This is an exceptional team of experienced professionals in the cybersecurity and blockchain industry.”
Guy Dietrich recently personally attended meetings with the UK’s Financial Conduct Authority (FCA) with Gilbert.

https://preview.redd.it/pko3capi4pn31.png?width=548&format=png&auto=webp&s=a200a3cb342a6ff848defcc94157cdee37c723af

International Organization for Standardization (ISO)

Gilbert Verdian is the founder of ISO TC 307, the global standard for Blockchain and Distributed Ledger Technologies which 55 countries are currently working towards. Gilbert is the chairman for the TC 307 Working Group for Interoperability of blockchain and distributed ledger technology systems

https://preview.redd.it/vfk2sgnk4pn31.png?width=1133&format=png&auto=webp&s=edd7ac8f51a9e08742f9754cec92cf1bcc0539ff

European’s Union INATBA

Quant Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA). Other members of INATBA include Accenture, Accord Project, Alastria,Banco Santander, BBVA, Consensys, Enterprise Ethereum Alliance, Fujitsu, IOTA, Ledger, SAP, SIA, Swift, Telefonica, We.Trade and many more. INATBA is a collaboration of 26 EU countries to develop EU blockchain regulation and prepare the launch of EU-wide blockchain applications

Pay.UK

  • Quant Network accepted as a company guarantor of Pay.UK, the UK’s largest payment network, alongside banks and other FinTech companies
  • Through this relationship, Quant Network will shape the payment ecosystem to promote competition, innovation and openness, as well as setting the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
https://preview.redd.it/e6v2eqom4pn31.png?width=438&format=png&auto=webp&s=87de79c1bf4a7a3207b5f9f17ee496da94662f54
You can read more about it here and here
https://preview.redd.it/10okaogo4pn31.png?width=1454&format=png&auto=webp&s=99f7696dd6994b74960d2d017cb06d97304221a4

MOBI

  • consortium for blockchain innovation in the mobility industry. The consortium was founded by leading automakers including Renault, Ford, GM, and BMW, and now represents more than 80 percent of global auto manufacturing by volume. Other members include Bosch, IBM, Cognizant, Accenture, Consensys, IOTA, R3, VeChain, Hyperledger, Ocean Protocol and Honda (Full list can be seen here)
  • Overledger operating system will enable interconnectivity and interoperability of data between manufacturers, devices, transportation and autonomous vehicles
https://preview.redd.it/9e6tfv9q4pn31.png?width=1138&format=png&auto=webp&s=29956ae26b72c0bae6d55c63945108e7a8dd2e0b

Hyperledger

  • Quant Network has joined Hyperledger where more than 270 organisations are now contributing to the growth of Hyperledger’s open source distributed ledger frameworks and tools. Some of the companies involved are Accentrue, Airbus, American Express, Baidu, Cisco, Deutsche Bank, DTCC, Fujitsu, Hitachi, IBM, Intel, J.P.Morgan, SAP, BBVA, Bosch, Deloitte, Fedex, Huawei, Lenovo, NTT Data, Oracle, PWC, R3, Ripple, Samsung, We.trade, Bank of England, Enterprise Ethereum Alliance, Federal Reserve, MOBI etc. Full list of members can be seen here.
  • Working with the Hyperledger Quilt team to enhance Blockchain Interoperability capability for Hyperledger members

Accord Project

  • The Accord Project is the organization for the development of techno-legal standards for smart legal contracts and distributed ledger applications in the legal industry
  • The Project operates in collaboration with IEEE, the International Association for Contract and Commercial Management, Hyperledger, R3, Decentralized Identity Foundation, and a number of leading trade associations, industry and standards organizations, and world leading law firms.
  • Quant Network have joined the Accord Project and are providing the Technology with Overledger and Treaty Contracts.
https://preview.redd.it/9o790gjs4pn31.png?width=1086&format=png&auto=webp&s=a5475b58acef6e9544236f2adcc6b6fb760c49e2

As well as many being worked on and yet to be publicly announced:

HCL Technologies

  • Indian Multinational IT Service and consulting company with offices in 44 countries and 137,000+ employees
  • Among the top 20 largest publicly traded companies in India with a market cap of $18.7 Billion and revenue of $9 billion.
  • Customers include 250 of the Fortune 500 and 650 of the Global 2000 companies.
we are really looking at ASIA, especially around Singapore, Hong Kong and we are working with partners to go there, just yesterday we had a meeting with a $8 billion company based in the ASIA region and they want to use Overledger for their clients and they are going to help us expand to that region, once we partner with the right bigger players
https://youtu.be/G1b9TX6rcuI
https://preview.redd.it/ac3f0yjv4pn31.png?width=827&format=png&auto=webp&s=dc1bfde0a476ee6ffbcb15284236dbb5d9d508e9

2 of the Big 4 Global Consultancy Firms are taking Quant Network’s Overledger to their clients.

The Big 4 Global Consultancy firms are huge and consist of Deloitte, PwC, EY and KPMG. They offer a range of services from offering consultancy advice on what to use, assisted prototyping right through to the delivery of production-ready enterprise solutions. Previously Gilbert was the Director of Cybersecurity at PwC and a Senior Manager of Security at EY plus Lara Verdian was the director for Deloitte Access Economics at Deloitte.
https://preview.redd.it/2hklfapx4pn31.png?width=697&format=png&auto=webp&s=d8181a12c888de00f4cbc6a4ff639697acc4deee
Quant Network are currently working with 2 of the above 4 global consultancy firms who are taking Overledger to their clients.

As well as many other consultancy firms:
https://preview.redd.it/usoyx5b15pn31.png?width=1215&format=png&auto=webp&s=a60b243d74e50dbc97ada380001f6f9396c8bb5b

Quant Health

  • Quant are working the Government of Armenia in Health, futureproofing the eHealth Strategy with Blockchain
https://preview.redd.it/7wkjbb045pn31.png?width=429&format=png&auto=webp&s=440f568ecb1ce8f587552e2e196b357c21f5592d
  • Working with huge Conglomerates to establish a new consortium in Healthcare
https://preview.redd.it/fbvia5r65pn31.png?width=1395&format=png&auto=webp&s=dfe009348deedb06844970d11d4b6a0d7e768ab1

Exchanges

They are also in talks with Traditional Exchanges such as the Swiss Stock Exchange SDX Platform and others as well as Large asset management firms
https://preview.redd.it/cn3ylk295pn31.png?width=1254&format=png&auto=webp&s=1b24c2088383aa5438b9d97bd54c34867b1cb137
As well as various Governments including the Australian Treasury with DATA61 regarding open banking and consumer data rights, the UK’s HMRC, Central Banks, Global companies in Korea, Insurance Companies, Airlines and Logistic companies.
https://preview.redd.it/t35ctv3b5pn31.png?width=1237&format=png&auto=webp&s=311762c9dbdc2755001b9b1a426dbe0206105574
It’s truly remarkable what they have achieved in such a short space of time, working non-stop all around the globe, working with enormous Global organisations, Leading Financial Institutions, Governments and Health. Quant Network is enabling the mass adoption of Blockchain, bridging all blockchains and offchain networks together (as well as plans to connect directly to the Internet) to achieve the true potential of this revolutionary technology.
In the last article of this mini-series I will take a closer look at the tokenomics of the QNT token and why there isn’t another utility token with as much value as QNT. With a tiny total supply of just 14.6 million QNT tokens, with no inflation, Supply reducing further as tokens are taken out circulation with licensing and strong demand / usage for the token, as well as minimum QNT holdings for wallets to benefit from Universal Interoperability.
Part One — Blockchain Fundamentals
Part Two — The Layers Of Overledger
Part Three — TrustTag and the Tokenisation of data
Part Four — Features Overledger provides to MAPPs
Part Five — Creating the Standards for Interoperability
Part Six — The Team behind Overledger and Partners
Part Seven — The QNT Token
Part Eight — Enabling Enterprise Mass Adoption
Quant Network Enabling Mass Adoption of Blockchain at a Rapid Pace
Quant Network Partner with SIA, A Game Changer for Mass Blockchain Adoption by Financial Institutions
Part One of this mini Series — What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network
Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
submitted by xSeq22x to QuantNetwork [link] [comments]

Current Fads in Bitcoin | Nuv Mining

Bitcoin is improved the idea that cash is any object, or any kind of document, accepted as settlement for items as well as solutions and payment of financial debts in a provided nation or socio-economic collection. Bitcoin uses cryptography, or mathematical formulas, to manage the creation as well as transfer of cash, instead of depending on governments and also main financial authorities. Transfers for finances, sales, purchases or any various other approaches of payment can be refined by anyone, making use of a desktop computer, mobile phone, tablet computer, or laptop. This is all feasible without the requirement for a financial institution to work as an intermediary or taping representative.
Nuv Mining
Developed in 2009, Bitcoin is a digital money introduced as open resource software program by an MIT trainee called Satoshi Nakamoto. There is much conjecture as to whether Satoshi is an actual person, or a collection of individuals making use of a pseudonym. Bitcoin are produced by a process termed mining, in which specialized computer full complex mathematic equations and also are compensated with a block of bitcoins. This procedure takes around 10 minutes and the current block rewards 25 bitcoins. The block reward will certainly be halved to 12.5 bitcoins in 2017 as well as again around every 4 years thereafter. By 2140 there will be approximately 21 million bitcoins in existence.
nuvmining
This week has revealed a speedy of task with company owner of all red stripes getting on track with Bitcoin. From small companies in New Orleans, to the Sacramento Kings of the NBA approving Bitcoin for ticket sales and also team materiel, to gambling enterprises in Las vega, Bitcoin is popping up all over. Venture Capitalist Chris Dixon thinks Bitcoin might get to $100,000 if it ends up being the main means of ecommerce (Wired ). The Chief Executive Officer of a major online merchant was priced quote as claiming "Various other stores will certainly not wish to miss out, Bitcoin market is growing by 30% per month." This very same seller saw a 5% boost in sales the very first day it accepted Bitcoin. Zynga Games, among the largest on the internet gaming business, in charge of Farmville, Castleville, and a host of others also began accepting Bitcoin for in game monetary transactions. After the five Large Financial institutions said no to cash from cannabis dispensaries as well as growers, Colorado's lawful cannabis dispensary industry turned to Bitcoin (ZeroHedge ). The Internal Revenue Service has also recently introduced a project that enables tax obligations to be paid with Bitcoin. There has actually been Bitcoin ATM MACHINE's appearing in cities such as Vancouver, Ottawa, and a Bratislava Slovakia mall. Just recently, the New York City Bitcoin ATM was put on hold until a public hearing under the territory of the New York State Division of Financial Solutions can be held.
After flirting with the $1,000 worth following the New Year, Bitcoin has actually been gradually trading at around $950 on the Mt. Gox exchange over the last fortnight and is being well supported by the 50 day relocating average indicating Bitcoin is still distinctly favorable. This was shocking to most experts who thought the governing information appearing of China, India, and Russia would certainly rupture Bitcoins bubble. However, Michael Robinson, with over thirty years of experience in market analysis, believes the majority of experts are wrong. He recommends that the strong improvement we saw in very early December, coupled with the consistent assistance of the 50 day moving average, shows Bitcoin is an exceptionally healthy and balanced market, as well as need to only remain to raise in value.
submitted by Nuvmining to u/Nuvmining [link] [comments]

Bitcoin is a refuge fund, not a hedge fund

You have an obligation to protect your property. Since it is protection, it is necessary to be able to face harsh conditions. The so-called obligation refers to relying on yourself and not on anything else, including not relying on the state.
At the 315 party, Chinese traditional holiday, hit the Bitcoin head.
Some people like to compare Bitcoin and gold together, which is actually wrong. "Bitcoin is a safe-haven asset" is a false proposition. Bitcoin has the highest volatility in the world. How can such a high volatility asset be called a safe-haven asset? ——315 party
Yes, cryptocurrencies are too volatile to be suitable for safe-haven assets, but suitable for refuge funds.
Asylum funds refer to the wealth that is deprived of when a person is in distress, the property is illegally deprived, or the wealth cannot be legally protected.
Asylum funds are more life-saving.
This is not the same as safe-haven funds. Safe-haven funds refer to wealth that can keep assets from depreciating under certain systemic risks. Hedge funds are not targeted at specific individuals. We often imagine gold as a safe haven under geopolitical instability.
At the beginning of this year, under the new crown virus epidemic, people generally accumulated a lot of food, and even held guns legally. This is asylum thinking, ensuring that you can survive the risks.
Peace is in danger, and we need to have asylum thinking in order to face the unpredictable risks in this complex society.
What are we going to avoid?
First of all, we must understand the potential difficulties we will encounter. The essence of the insurance industry lies in this, calculating the possible risks and preparing for them.
Generally speaking, asylum funds are generally arranged outside the insurance, that is, after the insurance is bought, you should consider the asylum funds. Like preventing fires, serious illnesses, and so on, you have to hand it over to insurance.
Our country is very safe, and robberies are too far away from us. But many countries may not have such security guarantees. In many countries, insurance covers robberies on a broad scale. Our country is different.
Compared with most countries, born in today's China, we need to avoid much less. Our commercial civilization is sufficiently developed and insurance has solved most of the potential difficulties. In our country, the need for asylum funds is relatively small. We are a rich country.
Some difficulties cannot be covered by insurance, that is, the situation of depriving property according to law, which is a difficulty for specific individuals.
This often involves the evaluation of justice, and we do not want to evaluate the scope of justice in depth. Let us not just call for the complete deprivation of all the property of the bad guys, which is not conducive to building a just society. Any force that cannot be checked and balance is a disaster for justice, including justice itself. We do not support the bad guys in possession of weapons against justice. The real need for asylum is that in many countries, legal civilization has not yet been built, and there are always some dark corners of the earth where civilization has not yet arrived. Just like many countries in North Korea, the Middle East and Africa. In other cases, this civilization is different from the other civilization. It is lawful on one side and deprived of it on the other. Snowden is a case. In a civilized United States, Snowden is a crime, but in many countries he is regarded as a hero. Snowden is a crypto digital currency enthusiast. He also wrote a few days ago that he wanted to buy Bitcoin. Civilizations can be misplaced, and cryptocurrencies can fix it.
Refuge funds must be hidden.
The encrypted system of encrypted digital currency has no physical form and T + 0 liquidity, which can be circulated from person to person, difficult to be tracked, and there is no capital limit, that is, no lower limit or upper limit. These characteristics make Bitcoin and others an effective refuge fund.
We are eager for wealth from the bottom of our hearts, but the society as a whole has very strangely demonized money. Qiu Fu is a very common mindset.
As an adult who is responsible for yourself and your family, at least add a hidden item to your balance sheet. The anonymous and no physical form of encrypted digital currency is suitable for this task. Converting your wealth to part of the encrypted digital currency and withdrawing it to multiple addresses can perfectly hide your wealth.
You can buy bitcoins on multiple exchanges, even if you are buying bitcoin on an exchange that requires real-name authentication. After purchasing you distribute Bitcoin to any address. Guarantee that no one will ever know your specific wealth. And if you can find someone who trades OTC, it's more perfect.
There is also no need for a private bank and expensive safes to store Bitcoin. You can encrypt and package your Bitcoin wallet and store it in multiple mailboxes or online disks. Guarantee that you are in any corner of the world, as long as you have the Internet and a smartphone, you can exchange Bitcoin into local currency.
Asylum funds can accept volatility.
Bitcoin plunged 50% at every turn, but it was better than nothing. Asylum funds pay attention to life-saving, it is best to leave a bite to eat, not for your enjoyment.
When choosing asylum funds, it is necessary to choose mainstream coins that will not return to zero as much as possible.
Remember that you have an obligation to protect your property and do not rely on any third party.
submitted by FmzQuant to u/FmzQuant [link] [comments]

The Forthcoming CryptoTrapdoor

TLDR: CIA wants you to use bitcoin, but CIA is bad and they are up to something. When you've traded your last dollars, they'll laugh and pull the plug on bitcoin. Then you will be sad.
UPDATE:
Google is developing cryptocoin tools. Ok so the problem with that is manifold
  1. ) We know google is CIA; CIA is very untrustworthy--they've spied on us illegally since 9/11 created a security state junta; they got their start with inqtel a cia company; assange says its cia; everything they do from censoring technopopulists to promoting a fugitive from the law hillary clinton (by our FBI's own admission in congress!) over a lawfully elected president, while undermining the same....all suggest Google is still CIA.
  2. ) CIA was effectively a merger of former US intelligence and expropriated Nazi intelligence and researchers (Operation Paperclip), guided by a Nazi sympathizer whose post-WW2 work was serving as a lawyer and strategist to assist Nazi officers escape punishment and hide their wealth through various financial proxies (Allen Dulles). This is our true history. Dulles also was fired by JFK and then was charged with producing the Warren Report about JFK's assassination. MKULTRA is where we drugraped teens to blackmail politicians (brownstone ops), drugraped prostitutes and soldiers (edgewood), and performed unethical human experimentation that continues to this day. That was CIA, Navy, Darpa
  3. ) I'll say it again, a Nazi sympathizer who hid nazi gold in switzerland and ran ratlines to argentina for nazi officers, who wanted to use a false flag operation to destroy Cuba but was denied, was in charge of JFK's investigation. Kind of like having a Deepstate operative like Robert Mueller type in charge of the official 9/11 report isn't it?
  4. ) CIA is Wall Street's private army.
  5. ) NSA scans your emails, your text messages, all your information---"capture it all". They have been caught several times front-running on your private data. Any screenplay you wrote, any invention you put in a file on the google drive, and investments you're planning, any business projects you're in----they have already read and are already using in an anti-competitive way, front running on your good ideas.
  6. ) Through asset forfeitures, the US Government has a majority of Bitcoin; this is from mt gox hack recovery, silk road, silk road 2, alphabay and other darknet seizures abroad of bitcoin
  7. ) The US Government has spent 6 months colluding with the media to undermine Trump with a fake story that everyone now knows is fake (except a vanishingly few marginal, sophomoric violents, antifa types in california).
  8. ) The FBI has spent now over a year maintaining a falsified document leveraged to create a disinfo to create a psychological war against US citizens, in lieu of doing their ACTUAL job of busting a now-widely known SPY RING IN CONGRESS
  9. ) The US Government (Permanent State) has been bitching, moaning, whining about every little thing Trump has done; failing to recognize his accomplishments which are objectively pro-citizen; while letting very high level criminal avoid punishment---creating a dual justice system
  10. ) Cryptocoin has skyrocketted based well beyond confidence if you look historically at DOW industrial trends...this is a bubble, an obvious bubble. Who is blowing this bubble? Well look who has the majority share
  11. ) You don't know who runs the exchanges, but the modus operandi of those who run the exchanges are that of both criminals and intelligence agencies. I suggest it's both of them working together to run the exchanges
  12. ) After all, you can't mine bitcoin now, if you do you'll lose money because electricity to mine costs more than what you'll get from mining unless you already own vast mining infrastructure--this is the marginal cost of mining. The marginal cost of mining far exceeds purchase price of bitcoin so you might as well buy it
  13. ) Who has spare bitcoin to sell, if mining is so unprofitable AND bitcoin keeps going up? Who would sell bitcoin if it's that compelling? LOL THINK! G D it. THINK!!!! Use your brain. Someone is dumping bitcoin on you, and you're eating it up, thinking you're a genius for investing in it so early.... it's a trap...it's a honeypot. Owning a bitcoin is not a illuminati scout member badge into an exclusive club you dolts
Given that the US Security-Industrial complex, the 17 agencies, primarily CIA, NSA, FBI, NGA, DoD have been using that unaccounted-for 20T dollars now to spy on--not only us, the lumpen citizens of US, but also our Congress members--through the Pakistani liaison loophole of the Awan Brothers, it's very clear that they have NOT honored the underlying principles and values of our constitution and our culture generally. They are concerned with making money by any and all possible means---even through absolute evil--and they are concerned with controlling society very rigidly through technology, psychology, exploitation of human fears, wants and aspirations.
One way to control people is through money. When society gets out of control, especially when they start to doubt, or to hate, the control imposed upon them, the government goes absolutely insane
Because we've already proven in an earlier post that the US Government is the batshit paranoid conspiracy theorist that has ever existed, and it uses any and all desperate measures to control people's minds. That is it's true purpose and operating principle above all else. Money is just a means to that end. The mental health industry is a means to that end. The music and film industries are a means to that end. Academia is a means to that end. Modern art is a means to that end. I could go on and on how the CIA has inserted itself into all aspects of culture to create an enormous establishmentarian cult, but that's not the point of this post--though mentioning this is germane to this post to the extent that it's necessary to understand in the context of the CRYPTOCOIN TRAPDOOR>>>
So what is this cryptocoin trapdoor?
Hmm. Let me try to explain this in terms of a ruse that happened to me last year. I was invited to join a sub /sphinxclub which was ostensibly an 'antimason' sub. I had been down on freemasons / jesuits (still am) at least high level ones. I see them as the common denominator in many of these strategies-of-tension around the world, and the evidence for that is overwhelming. So I joined sphinxclub and after little activity we asked the sub's creator "so what is this sub about, what are we doing here, who wants to start the dialogue". The answer was something like "we're waiting for 20 mods to be invited so we can open the trapdoor and send everyone into hell". I thought it was a joke, and then there was an 'assignment' which I believed (in my opinion) was asking people to commit an act of left-wing terrorism against a defense contractor in florida who was believed to be using electromagnetic waves as harassment and mind control to create 'mass murder shooters' like the Navy Yard shooting. Of course I'm interested in figuring out if there's truth to this, but the means was illegal, so I left.
This strategy is both a honeypot and a trapdoor. Honeypot to bring you in and waste your time (timeloop you, waste your effort otherwise spent on writing subversive essays that undermine the establihment). Trapdoor to get you put in jail.
I believe crypto is the same type of honeypot-trapdoor
Honeypot because
  1. ) Honeypot because it's going up very quickly and now bitcoin is worth more than gold
  2. ) John McAffee a renowned technologist and drug-addled madman with spooky origins says he'll eat his penis if bitcoin isn't worth more than what a million by 2020? Something like that. He allegedly has his own mining facility in latin america, iirc.
  3. ) Honeypot because Google is now going to support it
  4. ) Honeypot because US Gov is looking the other way and China supported it
Tradoor because
  1. ) China banning it
  2. ) Finanical experts warning it's a fraud
  3. ) Me warning it's a fraud because the NSA has over 2000 Qbit quantum computers now and likely runs the exchanges
  4. ) Ebay is using it -- George Webb's research tied Omidyar directly to Deepstate
  5. ) CIA is Wall Street's private army and cannot have a situation they dont' control.
  6. ) Max Keiser and Stacey Hubert have said, numerous times, with many financial guests that NSA/CIA are manipulating markets while using the media to have you believe it's anarchic...it's an illusion
  7. ) JP Morgan is trying to manipulate crypto in europe now
  8. ) If you exchange your dollars for bitcoin, and then bitcoin plummets, then the elite have just taken your last bit of wealth away
  9. ) At this point the only people who can make money off bitcoin ARE the elite, so buying crypto is a cannabalization of dollar-owners by the political elite on the industrial/retail elite -- intelligence-aligned (dynastic) rich are eating the nouveau rich; and they are eating left-coast crypto liberals also
  10. ) EDIT: Oops forgot about civil asset forfeiture of unpaid capital gains taxes on crypto being like a stock
What is your agenda with this anti-bitcoin stuff?
I have none. These are just my thoughts I'm sharing with you and why I no longer support bitcoin until such time there are laws that guarantee that these things I worry about are inhibited. In other words, we need a non-corrupt intelligence community and guarantee they aren't manipulating it before I can trust using any kind of crypto currency. I'm telling you because I want you to make sound choices with your money and be happy and have a good safe life.
The best thing you can do right now is watch this video
What can you do?
Buy gold, silver, platinum. Or a tractor. Or bullet making equipment. Because guns are worthless without bullets.
Sources
submitted by 911bodysnatchers322 to C_S_T [link] [comments]

Crytpo Racketeering

Previously, on CST, I had written about the 'forthcoming crypto trapdoor', in which the value of crypto would plummet, meaning that people investing dollars for crypto would lose their dollars after being lured to crypto as a kind of new, and very hot commodity or stock trade.
Well, google and others are banning ads for it.
There is a city in New York (sorry no source but it exists) that is banning mining because of outages caused by mining. Basically, people are having brownouts and blackouts because people are mining bitcoin
Yet, because of the difficulty in mining, it's becoming unprofitable to mine except for someone with cheaper power and more advanced equipment--that's just how mining works. So they are overharvesting energy and it's causing real-life problems
Because after all, who makes money when bitcoin prices go up, other than the bitcoin holders themselves? That's right: energy companies
Bitcoin is a store of 3 things: technology, energy and time. Energy and time reduce to KW/h, and technology can simply be a prerequisite since even if you had more impressive equiment, the catalyst that is consumed in the equation to produce a bitcoin is still KW/h, more/bigger equipment, more kW/h are consumed.
Thus, Bitcoin is ultimately a sunken cost store of energy (thanks Noelabelle) that people only believe has value because of their willingness to trade another currency for it. It is backed by sunken cost, but the data (complexity) behind it may be meaningless (solved puzzles)
That means you know who is behind bitcoin: energy companies worldwide. It's really that simple. They've managed to make their energy much more valuable than simply the market cost
But as the value of btc wavers, that fact has changed. It's now reached parity--because of mining difficulty, the cost of energy to produce a bitcoin is the same dollar value of btc, and that will fluctuate based on value
Why BTC
It could have been a hegelian ploy to enhance the energy security of all nations--to induce avg users to buy solar, but the upfront cost of both solar AND bitcoin has priced itself out of the middle class, thus this hegelian failed, and now they have the problem of the stick without any carrots, meaning they have city brownouts from people mining, and no solar
So if there was a mindful, good-intended national security reason for bitcoin, it has signally failed
So now we should look at it like its a crime. Not just to create a kind of money laundering platform for crime and contraband sales, but something far more insidious--a ploy to destroy economies to bring about a unipolar world where money both exists and does not exist--a 'functional illusion' if you will
Parochialism
I can assure you that people using and programming bitcoin are limited in their parochial point of view that it's a populist, democratic, 'free' technology that they themselves own and run, but they are incorrect. They are not looking at the bigger picture of what BTC means beyond the context of 'the medium is the message': they are maybe unwittingly or subconsciously avoiding answering uncomfortable questions about BTC, it's origins, who runs the exchanges, the context of AI bots, and who runs those bots, and who can afford a Dwave, and what a DWAVE means to bitcoin, and what quantum computers+AI ultimately means to blockchain based markets, or the context of gov control over alt currencies, esp wrt asset forfeitures and unpaid capital gains
They refuse to answer these questions! Because they don't like the 'conspiracy theory' intimations that it poses. But I think that's very dishonest, and especially it's self-dishonest
Why would they be so dishonest? Remember: pretty much everyone in news is a fake, regardles sof side. Therefore crypto news is also fake. John McAffee said he'd eat his own dick if BTC didn't go up to 1M or something like this. McAffee has been purported to be a CIA lifetime actor by people who have worked with him. Isn't that interesting
So you have CIA NOCs that are pushing BTC. Why?
Trapdoor
What we are seeing is that trapdoor slowly opening. The energy companies and the people operating exchanges have effectively defunded the early adopters now that btc value is falling. Who else made out? Technology companies making video cards already got their money too; china got it's money; and whatever 'additional work' that the bitcoin miners were doing surreptitiously (cracking foreign encryption, rendering 3D animation, etc) was done on behalf of those in the backchannel corporate intellignece ingroup (think quantuminsert--i'm not ready to go down this rabbit hole at this time, but I will soon)...they all got their money as soon as enough people started doubting bitcoins future because of various governmental controls on crypto
So like the murder of crows, they squawk and fly off. They already got your money, which funded their AI bots, which gaslighted you wrt BTC prices through hyperfast, intelligent trades with each other behind the exchanges. This worked as a confidence game. A LITERAL confidence game, you were conned by robots
Sure some people will keep mining, just like the radical left they won't accept many facts. They've already bought the sunken cost fallacy of their own worldview, and no one ever told them it was an experiment that has ended.
Trapdoor is opening.
submitted by 911bodysnatchers322 to C_S_T [link] [comments]

Crazythought, could the ETH flippening be bigger than simply ETH/BTC, but rather financial institutions/AVG Joe flippening?

This is going to possibly come off as conspiracy theory crazytalk, but I've been eerily right forecasting other things before. Infact I've made my career by doing this type of forecasting...
I believe this ETH/BTC flippening is bigger than we all think, in terms of global macroeconomics, and I believe they are using our HODL philosophy against us.
Some background - I have some connections to big banks, so I know how scared they have been for the past ~1 year about crypto taking off. It is following Ghandi's quote: "First they ignore you, then they laugh at you, then they fight you, then you win", except they are trying to remove that itty bitty last part. They ignored us from 2011 to 2016. We are now moving from them "laughing" at us, to them fighting us, and we better all wake the fuck up.
We've all seen it start happening, accounts frozen, heads of major government and financial organizations warning people about bubbles, scams, gambling, etc. On the back end of all those, I've been exposed (second hand) to rumblings of brainstorming on how big money (Banks, wallstreet, credit unions, governments) are trying to find a way to get back in on this thing. They are all terrified, and quite frankly they should be.
So lets think about this...
There has been a major bullrun starting mid 2016, and a parabolic rise mid Dec. There were strong corrections end of Dec, a return, then another one, and we're in a sustained one now.
In all this time we've had countless news stories about government bans, governments going after taxes, seizing assets.
We have had major statements from big respected wallstreet players talking about how crypto is a scam and they wouldn't touch it with a ten food pole (Buffet, Weiss ratings being really poor, etc). China bans, Korea banks, India bans, fake news everywhere.
If you think big money (Banks, Governments, Hedge Funds, Retirement funds, etc) are going to release their deathgrips on your testicles, you are dead wrong. They've been playing this game for decades (centuries?), and they are damn good at it. If you don't think there are entire divisions dedicated to strategy planning on how to hedge against crypto, then I have some pet rocks to sell you.
These past few months have been unrelenting FUD, scaring the AVG Joe firstholders out of their money, forcing panic selling.
In the "real world", most new investment opportunities are given to "credited investors" first. Crypto was completely different, with poker players and tech geeks getting in first. We are now starting to see the "credited investors" thing creep into new ICOs. This is big money trying to get in on the ground floor. But how do they do that with established coins which have "first to market" advantage? They need FUD and they need to crash the floor.
Well no shit, are you surprised now that Governments are banning this, wallstreet is warning seasoned investors that it's all a scam, all a bubble? When we will all WAKE THE FUCK UP and see that the very people who have been bleeding us dry our whole lives are trying to scare us out of flipping the world economy on it's head.
Do you know what happens if a bunch of tech geeks and poker players suddenly become the richest people on the planet? What about if they are then joined by average joes who LOLd into a few hundred bitcoin when they were dollars each? When this whole thing flips, how does THAT flippening impact global economies?
They have two options, hack and crash this thing, or if they can't (and they can't), they need to scare you out of your ground floor position and TAKE IT FROM YOU.
Okay that's great and but how does this have anything to do with the impending ETH/BTC flippening?
With our relentless HODL mentality (which is absolutely without question strongest in BITCOIN holders), how do they do they take our early-adoption from us? They let us keep bitcoin and hold it forever. Have fun there Mr. Steel Hands.
They aren't stupid, so now they make plans to adopt something else as the "ground flood", "gold standard", and they get on THAT ground floor. So what to chose?
They can't do it with something too small, because even buying in small bits will cause massive pumps, and we're all so fucking stupid that we jump on pumps. Well, they want to pump and keep pumping, so that obviously won't work. All that would happen is as they pump in, we all pump in. This also isn't some coordinated attack, it's a series of massive attacks led by huge players all with the same common goal. They may or may not be talking, but I'm not going to go full crazytown and think that everyone is in on it but us. No, I just think they all want in and are coming to similar conclusions and are beginning to execute similar strategies.
No, the only way they can do this and get in big is on something big. Something huge, but not top dog. Ripple could have been it, but then we all fucking hopped on ripple. They saw opportunity in pulling out, so they did, and we left later and got proportionally fucked.
So what do they jump on next? Ethereum. And how do they prevent us retards from all jumping on to big pumps?
Why is it ETHEREUM?
Well I think it's ETHEREUM, I think it's some people targeting NEO. Look at all the major dumps lately and which coins have been largely resistant to them. This is a universal FUD scaring most people out uniformly, but offset by big money picking favorites and keeping afloat during the drain (and to a minor effect, some of us hoping on these life rafts also).
So buckle in. There likely could be constant MONTHS, or even YEARS worth of upcoming FUD. Expect ETH and NEO to hold out pretty well. This is literally big money stealing ground floor off you. Expect BTC to just slowly bleed out, as Avg Joes HODL for dear life, but with no support from big money entering BTC, it won't stay afloat as much as "whatever" they are slowly accumulating. I personally think it's ETH/NEO, just looking at what has happened in the entire month of Jan.
I think when ETH went from 500 to $1000, then up even further, a lot of this was the VERY FIRST small chips of big money coming in. They saw how much their "small portion of their big money" impacted the price, and went into long term FUD mode, to slowly buy in.
It may be ramping up as we speak, and I believe something big is going to happen in the next week, few weeks, month.
The markets have been depressing, and all these retard HODL HODL HODL avg Joes that got in ground floor on Bitcoin are going to have the rug pulled out from under their feet, because the flippening is happening with ETH.
But this flippening is bigger than you think. This isn't ETH flippening BTC. This is big money flippening YOU. And once this flippening happens, it will happen FAST.
Once they have a serious stake of that ground floor, it will take off and never return. You will never have another chance to get in low on the ground floor ever again, because they will slowly pull money out (after being on the ground floor), selling you their magnified ETH position for your "late adopter" ETH position. They have now won, and re-secured their place in the Oligarchy.
Again, my personal "crazy conspiracy theory" is that the ETH flippening that we're about to witness isn't just an ETH flippening, it is Big Money flippening YOU.
/edit: I'm just going to edit this in from a post reply...
So what would you have me do?
Do whatever you want. I know what I'm doing though...
The first thing is don't sell your position in crypto. I'm not saying don't sell your fucking dentacoin. I'm saying don't sell your position in crypto. Don't exit to Fiat. Don't exit to tether. Don't try to time sells on peaks.
Do try to time floors and buy ins with any money you CAN SAFELY AND COMFORTABLY INVEST. When you put that money in, make sure you are putting it in dump resistant coins that is being propped up on market dumps by big money. Be sure of one thing, 90% of avg Joe is panic selling, and 10% is holding. If something is being propped up, it's being propped up by new players entering the game.
Look for rate of falls on dumps, and look for fastest hardest rebounds on dips. This is avg joe buying back in, but it's also big money getting as much ground floor on their "horses they are backing" as possible. So far that appears to be mainly ETH and NEO, with some smaller stuff like VEN, ICX, WTC even.
Don't trust my word though, DYOFR. We have some data in the January dumps, and so far that's looking like ETH and NEO, possibly VEN. Keep in mind this isn't a coordinated attack, it's a large scale wide spread attack from big money everywhere, many independent institutions who are all making their own plans for entry. Those are very different, and they will likely back the horse that benefits them the best. For example, China will almost certainly be backing Neo, US will back ETH, etc.
I'm not trying to sell anyone anything, I'm just trying to help the average Joe see what's going on, in a big picture macro sense.
Watch the next few dips, sustained or hard crashes... watch what coins feel resistant to these dips. Those are the ones that big money (each individual entity) is backing.
And rest assured that our paltry $500B is peanuts compared to how much money they will bring in.
What I'm saying is if you aren't on the ground floors of dump-resistant coins, you really should look to move to them.
When the dust settles in a few years, there will be 5-10 GIANTS, and if you can get on the ground floor before big money comes in, then you can really benefit.
I want to reiterate this...
THERE'S NO WAY WE CAN WIN THIS GAME
...But we can certainly set ourselves up to get a bit of a bigger piece of the global $$ pie than we did in 1990 for example.
Watch for dip resistant coins. Slowly move positions into those.
/edit x2: One line of thinking I see people doing that I think is fundamentally incorrect:
If you catch yourself thinking "Ooooh DBC is 0.09, what a deal, or BNTY is .20 what a deal, etc" then you are likely going to bleed out (again, just my opinion). Thinking any coin is going to rebound to where it was pre-crash is a really big mistake. Trying to hop on REQ because average Joe believes in REQ is a big mistake (again another opinion). It's pretty clear that big money isn't backing REQ, and I'd be pretty convinced that REQ total marketcap is nearly entirely "average Joes". I'm really sorry for REQ backers, I'm sorry I'm using you as an example, but it's the best example for this possible. I love REQ, I think it's amazing. I KNOW it's not backed by big money though, so why would I back it? Why isn't it backed by big money? Because it's fucking solid technically, but it is crashing, zero support through recent pullbacks. I base that simple on the fact that it wasn't dump resistant at all. There is no big money backing this thing. Not yet at least. If there's a 30% market pullback and REQ goes up 30% in the same time the rest of the market fell 30%, then I will likely buy in, even on the "ATH", because there's now sufficient evidence that there's support from something big during the worst downturn (when big money is entering).
So lesson?
It doesn't matter what tech your pet project has, how good it is. ALL THAT MATTERS IS WHERE BIG MONEY IS GOING. We are such small fish, all of us combined is like 10% of a typical hedge fund. Seriously think about that. I held stuff like REQ, BNTY, PRL, because I believe in them. I'm not holding them anymore, because it's very very very obvious that big money is backing other horses. And big money hasn't even entered this game in full force yet. But when they do, I certainly want to be on the "ground floor" of their horse. If I believe in a coin like REQ (and I absolutely fucking do), then I will take big money horse-backing profits and toss some into my pet projects, but you bet your ass I won't miss the big money train pushing ETH to the moon so that I can hold some firesale $0.38 REQ.
I'm personally moving into ETH, NEO, VEN, ICX (but honestly, and for full transparency, mostly ETH). I'm going to keep a real eye on Nano ERB. I'm also going to keep my eye open for new ICOs with "credited investor only" that sell out early, and watch how those perform in dips. And I'm not fucking exiting to FIAT. EVER. If I didn't believe in this thing, I wouldn't be here. That doesn't mean I'm going to HODL any particular coin. But I AM GOING TO HODL CRYPTO. My hand isn't weak selling BTC for ETH. My hand is Iron Clad by HODL my position in crypto, but I'm going to be joining big money as it enters. And I am pretty convinced that they are flippening ETH/BTC, but more importantly, flippening all of us.
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WARNING Bitcoin Dump!! Amazon Accepting Bitcoin!! China buying Ethereum 2.0! Altcoins & Crypto News

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