There has been a lot of scams within the crypto space over the course of its lifetime. Most recently, a Twitter hack that took the accounts of prominent figures within the mainstream world, has been all over the news. Mainstream media has been making people believe that Bitcoin is "bad" by tying it to the Twitter hack. While malicious actors demanded to be paid in Bitcoin, it doesn't mean that the cryptocurrency itself is a scam. Unfortunately, many people in the mainstream world have commented about Bitcoin negatively because of the recent hack. Despite these unfortunate series of events, Bitcoin and other cryptocurrencies are experiencing huge gains on the market. Do you think that scams harm Bitcoin and other cryptocurrencies' reputation in the mainstream world? What will it take for people to distance scams from Bitcoin itself?
Wednesday, January 13, 2021
2017, 2021, Bitcoin Scarcity correlated to GPU Scarcity, and a brief timeline for 2021 (long)
Hello everyone. Excuse the short bits where I go into my life; it is just to create some context as to the time of year. I want to put a little bit of background to our current situation, and that this was all predictable, and went down like clockwork yet again. There is an insane correlation between BTC's cycle and the announcement, availability, supply squeeze, and then disappointment of Nvidia's products.
A number of comments I make are purely speculative, while others are historical and based on logged events. I am lazy and do not feel like writing references. Not being able to get a 1080 ti bothered me a lot in 2018.
In early 2017 I bought my 1070 at MSRP. I had just built a new PC, and upgraded for Overwatch. During that year, as many know, BTC began to climb. Slowly, at first, and I did not particularly have the time or worry to bother about it; I was really low on money, and did not have any thought to participating in such a market.
Within the span of about a week or two, I had someone suggesting I sell my 1070. I asked why, it wouldn't even be worth it since I couldn't drown my sorrows in... then I looked. A freakin' 1070, EVGA XC3, were going for $1000~+, up to $1200. The 10 series were absolute beasts at mining, and before everyone knew it, we were in shortfall. The 1080 ti released in mid-2017, The other 10 series launched in mid-to-late 2016. Much like this year, at first, the shortages were not neccesarily alarming; consumer demand, after all.
Then, suddenly, it happened. BTC's price bumped up after the launch of the 1080 ti. I didn't know it then, but I knew it this year, but BTC's runup must have been partially fueled by a new generation of mining tools which were, in some way, particularly more effective at arbitrating blockchain transactions. I have even tried mining with my 3080, and it's rather impressive. I never thought I'd see more than 40 MH/s on my own rig, let alone 100+ overclocked.
Regardless, I didn't care in 2017. All I wanted to do was play x or y game, and survive the winter on no food, no hope, etc. It was a bad year. It would be shortly after that I ditched that place and came to live with other family which resulted in a much more positive life experience, in short. But that's not the focus here.
What are the parallels between Winter 2017-18, and Winter 2020-21?
The 3080 launched on Sep. 17th, after being announced on the 1st. Sixteen days.
The 1080 ti was launched on Mar. 10th, after being announced on the 28th of Feb. Ten days. The market was plenty full of 1080s, so this isn't a problem.
(1080: May 27. May 6 announcement. Twenty-one days.) Probably within weekend + holiday margin of error to the 3080.
Both of these cards changed the game. Not all by themselves, no, but in a tipping point that overflowed the tub. As soon as enough 1080 Tis were in the picture, BTC soared, and wouldn't stop. As a self-fulfilling prophecy, BTC gains value as interest in it increases, thus fueling more desire to profit from mining (which also facilitates the transactions, resulting in lower fees and faster authenticating).
If you look at any BTC chart, and look from those dates, you can see that is precisely when the runup began. Starting with the 1080, it grew modestly after having flattened at 400ish, and then after the 1080ti released it EXPLODED.
This time, we had the 20 series, and then the 30 series. First, the 20 series.
It started shipping in September of 2018, after the boom happened. It finished, a bit disappointingly (lewd joke here), in July of 2019. What can you see in the charts, on a day or even week chart, that occurs on those (very disappointing) launch days?
So you don't have to go, they crash. Hard. There seems to be some expectation that they will release another 1080 ti and the overproduction of block decryption will pay for itself. As soon as they realize there will be no significant upgrade from their suites of 1080tis and ASIC miners, they reallocate back to more profitable coins or otherwise.
The next peak is Feb 10th, 2020, just before COVID. Hm, I wonder what happened...
It seems like.. something went awry. I cannot remember what happened in these weeks. I was completely focused on school. A friend told me that BTC would probably hit at least 50k in the winter, and he is a whale, so while I didn't follow it very closely, I figured he at least knew what was going on. I planned on buying some periodically, and then... bam! Goodbye budget! Cue my slow run into insanity, and BTC's rise to glory yet again.
I have a suspicion that miners expected, or at least knew in some way, that the 30 series was most certainly going to be coming, and were preparing to gear for it even earlier given Nvidia's strong showing. COVID put a damper, and a wait, on everything. But it didn't change the course. The drop happened, and hodlers bought. COVID was happening, and hodlers bought. Everyone was panicking, and hodlers bought.
Morning of the launch I streamed me failing to get one from Newegg, and then pretty much shrugged and said miners were in control, and I'm sure I wouldn't get one till next year. Had I not gotten into EVGA's line first thing, I would have been 100% correct.
What is next?
It is very simple. It is just a repeat. 'It's not like last time', but it is. It is exactly like last time. Therefore, I feel fully confident giving this sub a date and availability prediction, as well a s your chances of getting any card anytime soon.
Scalpers?
Scalpers are not the problem. If anything, they're giving you a chance at all. They're taking advantage of the miners moreso than the consumer; they know the miners will pay a lot, because frankly, it will pay for itself with a tight enough system. Considering BTC appreciated 900% over the months, ending in a fantastical 130% jump very quickly (not all ended though!), as long as there is limited supply, price can go anywhere it wants. It could easily go to double, with the power of the 3080 in a dedicated multigpu rig. It's just GOOD.
When were cards available last time?
Nvidia was correct. Q2, summer, after BTC corrects fully or moreso. Best case scenario, they release a card better than the others; in that instance, delaying the higher memory cards, and otherwise is actually a good move because it puts less pressure on their main line later on, though the pressure will exist. Don't be upset if they come out with the 3100 TI FE min-q kingpin GN STEVE edition card and it's $1600 and out of stock all the time. That means they're not buying as many 3080s. Theoretically.
Why can't they make more cards?
They did. They're now printing insane stacks of cash in the form of pushing BTC from 11,000 to 42,000 in a matter of a month and a half. Now THAT'S absurd. Sell to consumers, or have their mere existence make a product move upwards even FASTER?
With more paranoia, the good price actually reflected their expectations to this development. They didn't even have to make them expensive; now, however, they got more than they asked for, and they have to pass that along to all the secondary customer base.
mid-writing edit: Postponing the 3080 ti is a terrible thing. It will delay things even further. However, this still lines up fine with the timeline, if not improving it.
This was a plan by Nvidia/AMD to do a paper launch!
I have a feeling the plan was more charitable than that. They planned on all of this being panned out by January, and being able to release the new cards (weaker ones, not stronger ones that would incite further shortage) to a wider audience. Political instability, this weird spending bubble we find ourselves in, sentiments towards Intel, shortages elsewhere in the industry, and COVID, of course, with the poor vaccine rollout, all contributed to making things worse. Even hedging bets, Nvidia loses, here. As things got more heated up, the realization probably hit closer and closer to home.
Though many would just scoff at BTC or not recognize it as being this influential. people became millionaires in their sleep earlier this month without even knowing it. Following that, many others became the same with Tesla and now our market as a whole is just going up.
When will price be normal and stock return?
June, July at the earliest, and most certainly be normal by the start of school. Prices will improve, especially if Nvidia releases a dud. However, it will almost certainly be when you do not want to buy anything or spend any money. If you intend to hold that position until the GPUs arrive, please save some money aside just in case you get the chance.
More things affect your desire than just supply and scalpers. Everything affects it, and it affects everything. Don't ignore the BTC. The BTC loves you, unlike the USD.
Love the Bitcoin.
How do you think bitcoin would react to a massive recession like back in 2008?
Hi everyone! As most of you know but maybe not realized, bitcoin hasn’t been around since a major financial crash like we had back in 2008. How do you think bitcoin would respond to a massive event like it?? Would it skyrocket? Or mirror the stock market and fall hard?
On Markets and Manias
We’re only two weeks into the new year, and the stock market has already set new record highs…
Bitcoin broke the $40,000 barrier for the first time – after a 400% rally in the past year…
And Tesla rose to such heights that founder Elon Musk is now the richest man in the world.
Now, there is an old saying about the markets… That they can remain irrational far longer than you can stay solvent. And while this is true, it relies on a big assumption…
That markets are rational to begin with.
But as I’ll show you today, this assumption is fundamentally mistaken.
The Markets Are Always Irrational
The Oxford Dictionary defines the word rational as something that is “based on or in accordance with reason or logic.”
Sometimes, financial markets can appear to be rational. And those moments – where everything seems to happen as it should – are enough for many investors to believe that market action can be explained rationally and logically.
But the hard truth is that financial markets were never rational. To show you what I mean, let’s look at some real-world examples…
First, say I told you that, somehow, I knew Joe Biden and Kamala Harris would suffer a terrible accident on their way to the inauguration… and they wouldn’t be able to assume the roles of president and vice-president.
How do you think the markets would react?
The rational response, it’s safe to say, would be that the markets would sell-off sharply. Now, let’s take this hypothetical scenario one step further…
If you could go back in time to November 21, 1963, knowing that JFK would be assassinated the very next day, would you buy or sell the stock market?
Again, I think it’s safe to say that most people would want to sell the market if they knew beyond any doubt that the President of the United States was going to be shot the very next day.
But now look at the market action that followed JFK’s assassination…
Instead of selling off sharply, the market rallied for another three years.
Okay, I grant that might be a particularly rare black-swan event. But what about another calamitous period in history?
What if you could go back to August 2005, a few days before Hurricane Katrina devastated the Gulf Coast of the United States?
Knowing that this would result in the most extensive damage ever caused by a tropical cyclone, would you buy or sell the market?
Once more, I think it’s safe to say that most people would decide to sell the market. But let’s look at what actually happened after Katrina hit the Gulf Coast…
The market went nowhere for two months, and then it launched into a two-year rally.
Our final example is much more current…
As I’m sure you know, on January 6, 2021, a group of rioters stormed the U.S. Capitol.
They disrupted a joint session of Congress held to certify Biden’s win in the presidential election. And at least five people died in the riot.
That day will certainly live in infamy. The last time an organized group breached the security of the Capitol was over 200 years ago during the War of 1812, when British troops destroyed the building.
But what did the market do after the Capitol riot last week? Did it sell off in panic as the seat of American democracy was under attack by its own citizens?
No! The market went on to close out a record-setting week of new all-time highs.
The reality is that there is no consistent link between events people think should have an impact on market action… and the market action itself.
Sometimes, market behavior can seem rational and logical. But I would argue that most of the time, the mainstream financial media is stunningly adept at performing some incredible gymnastics to fit market action into some kind of plausible, rational explanation.
(Of course, this always happens after the fact. Such is the benefit of hindsight, I suppose.)
This takes me to where our markets are today – and the reason why understanding the market’s irrationality is crucial…
Don’t Chase a Runaway Train
Today, the markets are trading at historic levels of optimism and euphoria. This fits very nicely with the Elliott Wave model, which I have written about at length before. Here’s what I mean…
In Elliott Wave Theory, the waves that propel markets to new highs or lows are called “impulsive waves.”
That term certainly seems appropriate when you look at the trading patterns in stocks like Tesla… And it is certainly fitting for Bitcoin’s recent price action.
Impulsive waves are fueled by market sentiment. Two market “moods” in particular – euphoria and despair – are the engines for bull and bear markets.
When sentiment reaches an extreme on the bullish end of the spectrum, people feel that the good times are here to stay forever.
On the other hand, when sentiment reaches an extreme on the bearish end of the spectrum, people feel that things could not possibly get any worse.
Here’s why that’s important today…
Although it may sound surprising, bear markets don’t end on good news. They end when despair reaches its absolute peak.
Likewise, bull markets don’t end on bad news. They end on extremes of optimism, when it seems like nothing could ever go wrong.
The current bull market is a case in point. We’ve had plenty of bad news since last year’s crash, but investors have shrugged it all off.
By the time the market really sells off on bad news, the peak will already have been in place for some time.
So it was with the crashes of 1987, 2000, 2008, and 2020. And so it will be when this bull market comes to an end.
Are family offices starting to have bitcoin/crypto strategies now?
Hi everyone, sharing an interesting event. Are family offices starting to have bitcoin/crypto strategies now? https://www.eventbrite.com/e/bridging-the-gap-between-traditional-finance-and-digital-assets-tickets-136009749823
NEW PayDepot - Bitcoin (BTC) ATM at 101 Smoke Shop - North Carolina
NEW Pay Depot - Bitcoin (BTC) ATM at 101 Smoke Shop - North Carolina
Check out 101 Smoke Shop - NC to get the lowest possible transaction fees when you buy or sell your cryptocurrency with Pay Depot.
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NEW PayDepot - Litecoin (LTC) ATM at 101 Smoke Shop - North Carolina
NEW Pay Depot - Bitcoin (BTC) ATM at 101 Smoke Shop - North Carolina
Check out 101 Smoke Shop - NC to get the lowest possible transaction fees when you buy or sell your cryptocurrency with Pay Depot.
Bitcoin ATMs at 101 Smoke Shop - NC LOCATIONS:
600 South Brightleaf Blvd., Smithfield, NC 27604
Google Map Link: https://www.google.com/maps/d/edit?mid=11wTW60wMxH0suoWs2jh5_oSsQYDeQ0B1&usp=sharing
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For Support, You can Email us at [Support@paydepot.com](mailto:Support@paydepot.com)
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NEW PayDepot - BitcoinCash ATM at 101 Smoke Shop - North Carolina
NEW Pay Depot - Bitcoin (BTC) ATM at 101 Smoke Shop - North Carolina
Check out 101 Smoke Shop - NC to get the lowest possible transaction fees when you buy or sell your cryptocurrency with Pay Depot.
Bitcoin ATMs at 101 Smoke Shop - NC LOCATIONS:
600 South Brightleaf Blvd., Smithfield, NC 27604
Google Map Link: https://www.google.com/maps/d/edit?mid=11wTW60wMxH0suoWs2jh5_oSsQYDeQ0B1&usp=sharing
https://i.redd.it/1cm8tlguv4b61.gif
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Does holding PundiX introduce airdrops?
Hey guys I'm interested in investing into NPXS but I need some information.
How do I guarantee that if I buy NPXS that I don't recieve any airdrops?
I wanna hold PundiX just like Bitcoin, safely in a wallet without any airdrops.
Airdrops are taxable event in my country but if I just hold the coins long term, then I don't have to report taxes.
So what is the safest path from buying NPXS on let's say Binance and then transfering it to some wallet (also which wallet do you suggest?) without recieving any air drops on the way?
Does PundiX even do any sort of airdrops or is it airdrop safe like bitcoin?
Enabling A Smart-Economy with The Smartweb
Smart-Economy of NEO + Smart-Web Of Elastos
Tribalism is the behavior and attitudes that stem from strong loyalty to one’s own tribe and this phenomenon has always been a double-edged sword for the Crypto Space. Even though it doesn’t sound that bad right, tribalism can lead to bigotry and when taken to extremes, even war. In crypto, we often see such loyalty/passion coming from many communities which sounds good at first glance but I believe this behavior is also delaying the progression of the industry. Hopefully, the NEO community will keep an open mind because I strongly believe there are ways for Neo and Elastos to truly benefit from each other.
What is Elastos and why it could benefit NEO
Elastos is a decentralized Network Operating System and there are six blockchains in the ecosystem so far, but blockchains are only one component of its four pillars. You already know NEO’s powerful technology so I will try to introduce Elastos shortly since it’s unique and is not a NEO competitor since they could complement each other.
- ELA main-chain DPoS + PoW leveraging Bitcoin for security (60%+ of the bitcoin miners secure this chain)
2. NEO Parallel-Chain with more hash power and decentralization since it’s tied to the ELA main-chain secured by Bitcoin. The original NEO only has 7 consensus nodes (More info below on the differences between Elastos NEO Parallel-Chain and NEO blockchain)
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Ethereum Parallel-Chain for smart-contracts with 133 000x more hash power and scaling through DPoS without losing decentralization since it’s tied to the ELA main-chain secured by Bitcoin
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Elastos has its own Credit Oracle network in development based on Chainlink called ElaLink, which uses in-house DPoS nodes for consensus and receive payment in ELA. The next generation of De-Fi will be increasingly personalized and entirely private.
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DID Parallel-Chain (Decentralized Identifier): A W3C-compliant blockchain for decentralized identities that provides critical data to dApps (It could even be Ontology instead)
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Token generation Parallel-Chain
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Infine scalable Parallel-Chain possibilities
Four Pillars of Elastos
- Blockchains; Bitcoin like mainchain, Ethereum/NEO smart-contracts, Personal credit Oracle with ElaLink, Digital identity chain/credentials, Token issuance. Elastos allows any chain to join its network and benefits from greater security, scalability, and decentralization.
- Personal Cloud Compute(PC2) / Run time environment. ElastOS: A mobile application for developers to create and launch truly decentralised apps (DApps), which can’t be shut down or controlled by any third party, called Capsules.
- More than 400 000 Carrier nodes: A decentralized peer-to-peer network that replaces the IP-based system and transports traffic between DApps and virtual computers.
- Hive 2.0: Providing users with a series of decentralized storage solutions via elastOS (private, shared & public).
As you can see Elastos is a very big project with a highly powerful technology ready to lead the Web 3.0 wave. The project specifically implemented a NEO Parallel-Chain in the past because of the G3 Alliance with NEO, BITMAIN & ELASTOS. So far, Bitmain and Elastos worked together with the merge-mining with Bitcoin and implemented the Neo Parallel-Chain but somehow the deal stopped along the way. “The Global Blockchain G3 Summit was held at Tsinghua University Future Internet Technology Building on January 4, 2018, featuring representatives from NEO, Elastos, Bitmain, and Tsinghua University. G3 is a co-operation between NEO, Elastos and Bitmain who share a vision of a decentralised economy and smart web. Key features of the smart web include the virtual machine, runtime environments, and trust zone, provided by Elastos and Bitmain, consensus provided by NEO, and KYC provided by Ontology. G3 are inviting other organizations to join them in their vision, so that G3 can become G4, G5, G6, and so on**”**
https://neonewstoday.com/events/g3-summit-event-report/
This is why there's a Neo Parallel Chain on Elastos...
I bought Antshares/NEO in 2017 and it was my favorite project. For a while NEO was supposed to be part of the Smart-Web (Elastos) with its Smart-Economy with the eventual G3 Alliance, everyone was so excited, it broke the whole Internet because of the euphoria. Jihan Wu founder of Bitmain and Da Hongfei were both top angel investors for Elastos. We can see Da in the video near 3 minutes and many pictures only supporting Elastos and the vision. I still can’t wrap my mind why this deal hasn’t happened yet, but I really wish this could happen in 2021 for just so many reasons, it would be a win-win situation for every party and help both projects to gain exposure, respect, and enable the true Web 3.0.
https://www.youtube.com/watch?v=X8SozytWWdM
Differences between Elastos NEO Parallel-Chain and NEO blockchain
- NEO blockchain uses dBFT(delegated Byzantine Fault Tolerance) while the Elastos NEO Parallel-Chain uses AuxPoW. This means that while the blocks are produced at a rate of 2 minutes per block on NEO Parallel-Chain(which are slower compared to NEO blockchain), they gain an enormous advantage in that the blocks in the NEO Parallel-Chain are directly secured by the hash power of Bitcoin
- As mentioned in the first point above, NEO Parallel-Chain is merged mined with ELA which in turn is merged mined with BTC. This means that every time a block is mined for NEO Parallel-Chain, the same proof of work is used as the Elastos main chain to further strengthen the Parallel-Chain network. This is how security can be recursively passed down from the main chain to any of the Parallel-Chain in the Elastos ecosystem
- Anything you can do on NEO blockchain, you can do on Elastos NEO Parallel-Chain with higher security, more security and it’s also a lot more scalable
- Currently, there is ONE Elastos NEO Parallel-Chain that implements an AuxPoW consensus however, it is technically possible to spawn multiple Elastos NEO Parallel-Chain with different consensus algorithms should the need arise for such a scenario
- Elastos got a very strong and passionate community, the community will use all the NEO products and promote them.
- Link’s community is growing, same for Polkadot, Cosmos, and Cardano if NEO wants to be unique and more competitive I believe it should fusion with Elastos, both projects could start playing in the big league, even Ontology could join the ecosystem creating G4 and get elected into the council. The old projects are not getting any attention nowadays even with marketing, and this achievement could create a booming effect for the whole crypto space, and for all the projects joining the ecosystem.
I hope the leaders of both projects could see this post and think for a while about what is good for the Industrie. Elastos, NEO, and even Ontology could reach the top 5, working together in order to enable a Smart-Economy with The Smartweb. How NEO is going to compete alone against Ethereum, Polkadot, EOS, Cardano, and all the giants? This could be the beginning of something big for the crypto space and for our communities. Thanks for your time everyone and hopefully one day we will change the world together!
Are you keeping your heritage in mind? (bitcoin)
Hi All,
I saw this news article and besides making me smile, it also made me wonder: imagine if the guy dies, his family will lose out on this heritage.
I'm not in crypto myself, but my question to those who are is: have you thought about how an unexpected event can have a (significant) impact on your heritage?
Why HEX is a Ponzi and not a solid investment (Part 2): Richard Heart
In the first episode about HEX I focussed on the tokenomics and the advertisement campaigns behind HEX. After Richard Heart himself decided to comment on the post telling me he deserved a Nobel Prize for his creation I decided to look up what I could find about this man hiding behind a fake name.
Drama from the last post:
Richard Heart decided to share my post in the HEX Telegram group talking about 'No one will probably see the post because of the downvotes'. This resulted in dozens of HEX shillers sliding into my DM's saying disgusting things and massively downvoting my post. Guess what, I can't be silenced. Even if it's just one person I can convince thats enough for me. So, after clearing out the drama it got me last time I did this post, lets dive into Richard Heart.
Who is Richard Heart?
From a debate in 2017 between Roger Ver (Bitcoin Cash) and Richard Schueler it becomes clear that Richard used to be a hardcore Bitcoin believer and pointed out many Ethereum protocol flaws, ranging from poor coding to bad decisions in terms of programming language implementations (cryptoinsider). About a year and a half later Richard comes up with his coin, HEX. it is promoted to be a better bitcoin on the Ethereum blockchain (oh, the irony). In the middle of the bearmarket and Richard being the largest participant in his own coin he convinces his following on Youtube to HODL the coin after mysterious dumps. You can find here what is happening with the Ethereum when you purchase HEX.
Legal and questionable events from Richard J Schueler:
2002: Sued and won by Peacefire.org for violating Washingtons anti-spam laws, he was known at that time as the 'spam king' and made a lot of money off it - source. The Methuselah Foundation, for which Heart volunteered at that time, was committed to extending the human lifespan and “making 90 the new 50”.
Questionable events in Panama: Several of Heart’s alleged aliases (James Hart, J. Richard, Richard Schueler) were named in connection with a Panamanian criminal network. Heart, called "CharityLover' at that time supposed cohorts included robbers, blackmailers and corrupt lawyers and judges, according to posts stemming from the now defunct Panama-Guide website . Miguel Antonio Bernal (Panama lawyer) described the process by which American criminals flooded Panama to “rob, cheat and blackmail local businessmen using Panama’s weak legal system'' in the linked post under ''Panama".
“Nobody goes to jail in crypto” — Richard Schueler AKA Richard Heart - sauce
Why BTC And ETH Prices Keep Growing? Experts’ Opinion
Over the past month, Bitcoin has doubled its price and caused a kind of stir that the crypto community has never seen before. Of course, such events don’t happen without a reason. Today we will take a look at the background for the rise of the bitcoin and ether prices, as well as the cryptocurrency market in general.
Crisis and inflation due to COVID-19
In many countries around the world, the economy collapsed, and the government did not take reasonable steps. In particular, we witness a high rate of inflation since large amounts of additional fiat money were issued. Those who keep their savings in fiat money are not happy about it, of course. Their capitals are literally depreciating in front of them.
This is how they realized that they need a protective asset. Gold and other precious metals have always been this asset. But now, in the age of digital currencies, there is an alternative, namely bitcoin and other cryptocurrencies. Many investors have found that this is how they can not only keep their assets intact but also multiply them.
Institutional interest
The second reason derives from the first one. The preservation of capital is even more interesting for large institutional investors than for private investors. For instance, MicroStrategy invested several hundreds of millions of dollars in BTC during the last months. Other large investors followed suit, and this resulted in a rapid rise in the rate and capitalization of cryptocurrencies.
Major asset owners such as Tudor Investment and Guggenheim Partners have announced the purchasing of BTC or futures contracts on the CME Chicago Exchange. Even conservative Wall Street companies like Morgan Stanley haven’t been left out. Analysts at JPMorgan Chase, America’s most prominent bank, recently suggested that bitcoin would be worth $146,000 in the long run.
Decentralized Finance
The past year can be called the year of DeFi. Decentralized protocols aimed at managing funds autonomously and anonymously have been emerging and evolving for months. This includes trading, credits, loans, passive income, insurance, etc.
These protocols allow to carry out the same transactions that are now available at traditional banks but in a much more accessible way. There’s no need to provide any papers or proof of income.
Many DeFi-tokens showed incredible price growth immediately after their launch. Most of the decentralized protocols run on the Ethereum blockchain, which also caused ETH to rise.
Halving
Bitcoin halving (a process when the reward for mining new blocks is halved) has always led to a gradual rise in the crypto market. It is no surprise since the supply, i.e. the miners’ reward for adding a new block, is decreasing, while the number of potential buyers is growing. This is why the exchange rate is growing. Halving happens every four years, and every time after that the value increased, as BTC became more valuable and difficult to mine. And the price of altcoins almost always correlates with the price of the main digital coin.
There are many different opinions on what will happen next, but one thing is certain. This rally cannot be compared to the 2017 rally. Now the growth is much more confident, solid, and grounded. At that time it was more like a hype that arose because of many ICO-projects. Even if there will be a price correction later, and it is bound to happen, most experts agree that we will not see bitcoin below $25,000 anymore.
♦ Two more Dem Congressmembers get COVID after sheltering through riot with Republicans who refused to wear masks ♦ and other news
■ Trump deliberately withheld aid to combat the insurrection
CORPORATE CAPITALISM
■ Amazon removes QAnon merchandise from its marketplace
Why did Amazon allow such merchandise for sale on its site in the first place? —CKB
■ Stripe and PayPal halt payments for Trump’s campaign and supporters
HEALTH & SCIENCE
Just being stupid isn't enough for Republicans. They're aggressively stupid, trying to share their potentially-fatal stupidity with everyone. —CKB
■ Psychedelic mushrooms grew in a man's veins after he injected them
JOURNALISM ABOUT JOURNALISM
■ Twitter suspends tens of thousands of accounts dedicated to sharing QAnon content
Not enough, and why so late? —CKB
■ YouTube prohibits uploads to Trump's channel for seven days
Not enough, and why so late? —CKB
■ Voice of America reporter reassigned after asking Pompeo about Capitol riot
If you're not allowed to ask questions, you're a stenographer, not a reporter. —CKB
LIBERTY & JUSTICE FOR ALL
■ Capitol Police: Overfunded, undercompetent, unaccountable
Excerpt: The force of about 2,100 sworn officers, which patrols a hallowed but tiny area, boasts a $516 million budget. That is more than twice the spending on police in Atlanta, 1½ times the spending in Detroit and approaches the $545 million budget for the District of Columbia, budget documents show. Yet reports by the force’s Office of Inspector General, tasked with rooting out waste and fraud, are kept under wraps. The Capitol Police, like Congress, is not subject to the Freedom of Information Act.
■ Supreme Court reimposes rule forcing women to obtain abortion pill in person during pandemic
Unlike other prescription drugs, women can't send a friend to pick up their meds, and can't order delivery by mail. Gotta go in person. This is just hard-boiled misogyny. —CKB
■ 👍 Mexico moves to create world’s largest legal cannabis market
■ In 'nasty parting shot,' HHS finalizes rule axing LGBTQ nondiscrimination protections
PEACE ON EARTH
■ 👍 Pompeo cancels final European trip after foreign officials refuse to meet
■ At the 11th hour, Trump hands Biden a whole new set of foreign policy headaches
STUPID & LOUD
■ Republican House Reps. revolt against basic security after the insurrection
It's a metal detector, that's all — the low-level annoyance all Americans have put up with at airports and government buildings for decades. Now, after the siege, there's one at the Capitol, and of course, some Republicans in Congress refuse to walk through it because muh freedumb. —CKB
■ 👍 Sheldon Adelson, billionaire underwriter of evil, croaks at 87
■ Sponsors of the pre-attack rally have taken down their websites. Don’t forget who they were.
🌞 WALKING ON SUNSHINE 🌞
■ Lost passwords lock millionaires out of their Bitcoin fortunes
■ ■ ■ Blocked by paywalls? ❶ Try right-clicking the link to a 'private' or 'incognito' window. ❷ Insert a period immediately after the .com part of a link's address. ❸ Install the Bypass Paywalls extension. ❹ If you're blocked because of your location, consider getting a VPN. ❺ If you still can’t access an article, say so below and I’ll post the full text. ■ ■ ■
CRYPTOCURRENCY YATRA READY MADE CLONE SCRIPT
Cryptocurrency-Integrations Yatra travel website template is developed in PHP and is designed for YATRA READY MADE CLONE SCRIPT and tour operators for booking a package online. By using this script, we have developed a very secure and most reliable way of booking flights, hotels, buses, etc., such travel and booking software app method helps you to manage voucher, journey report, bills, etc., all cryptocurrency like evencoin, bitcoin , etherum etc will be integrated , This script makes the event with a dynamic website, and thus the management of the entire system is made simply with web applications like Bus schedule, bus type, the listing of bus destinations, ratings, etc. Startup your site with the only accessibility online readymade Bus Booking Software. cryptocurrency make my trip clone or API Integration contains fourteen modules just like the user, guest user, pocketbook user, Agent, Admin, super admin, etc
Technology Used
- PHP Language
- Core PHP Framework
- MySQL info
- Server: Any UNIX operating system Server.
Modules enclosed
- Air price tag Booking ( Domestic & International )
- edifice Booking ( Domestic & International )
- Bus Booking ( Domestic )
- Cab Booking ( Domestic & International )
- vacation / Tour Package Booking with CRS ( Domestic & International ) with own tour package
making feature + sight seen & transfer facility
- Travel Insurance
- Panels enclosed for the above: User, Guest User, billfold User, Admin, Agent, Super Admin, Multi- Admin, Marketing, centre, Vendor, and Enterprise.
Admin Control:-
- Advertising
- Sub Admin’s
- provider Module
- price Management
- Rank Parity Module
- Deposit Module
- Booking Module
- Back workplace
- Reports
- Super User Account
- Message to at least one or all users
- Active & De-Activate one or all Users
- Delete User
- News / Broadcast
Contact :
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Mobile : +91 7339131505
Landline : 0431-4000616
Email : support@doditsolutions.in , [info@doditsolutions.com](mailto:info@doditsolutions.com)
Link : http://cryptocurrencyintegrations.com/cryptocurrency-yatra-clone-script/
Does holding USDT and later "cashing out" to my local fiat is a taxable event ? (x-post from /r/Bitcoin)
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Need to have a solid internet connection. 25mbps or greater with no throttle.
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A proper device maintained on a weekly basis.
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Solid uptime
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COMPATIBLE ON ALL DEVICES
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Crypto.Games Wager 0.5 BTC or 1.5 BTC for nice rewards
Play with us on January 13th and January 14th , and wager 0.5 BTC on any game you like.
- You have 48 hours to wager 0.5 BTC.
- Claim your prize by posting your Crypto.Games username on this thread.
- 1 prize per player.
- We will reward the first 10 valid claims and up to 3 VIP claims.
Prize: 3 mBTC per player.
VIP players can wager 1.5 BTC to claim 8 mBTC reward.
Note that only Bitcoin wager is eligible for reward. Players will be rewarded the next day.
This event will start on Wednesday, January 13th at 00:00 UTC and will run run until Thursday January 14th 23.59 UTC.
You can claim your prize until December 15th 01:00 UTC (an hour after the challenge is finished).
You can see your daily wager under statistic on your gamepage.
Further details:
https://bitcointalk.org/index.php?topic=5308976
Catch the winning spirit!
While the owners of Bitcoin keep their fingers on the pulse 24/7, Ethereum entered the ranking of the most expensive assets in the world for an hour.
The Ethereum team had a lot to celebrate this week. Altcoin got into a hundred of the world's assets with the maximum market value thanks to a jump in the rate to $ 1.15 thousand. Then, the capitalization of the cryptocurrency had reached almost $ 125 billion.
But within an hour from the 100th line, it was replaced by Starbucks, which now has a market value of just over $ 125 billion.
For this cryptocurrency, this level of the rate is a new maximum. Previously, the maximum point was reached only in February 2018.
Soon after the rise, the value of the altcoin began to plummet to $ 900 but then stabilized at $ 1000.
By the way, Bitcoin now takes 12th place in this rating. The capitalization of the top cryptocurrency is $ 580 billion. Thus, BTC has beaten Samsung and the Visa payment system but it is inferior to such monsters as Google, Amazon, and Apple. The first places in the rating are steadily occupied by silver and gold.
Now experts predict several possible scenarios for the further movement of the Ethereum. The first forecast assumes a deeper temporary fall to the level of $ 530- $ 550, where the altcoin will be able to accumulate resources and continue its growth later. In the second forecast the price will remain stable at $ 600-700.
The situation is similar to Bitcoin. On January 6, its rate also exceeded the historical maximum with a mark of $ 35.7 thousand. Over the last quarter of 2020, the BTC rate increased by 264%, and since March last year - by 840%! But, experts warn that the currency may fall sharply to at least $ 20 thousand if players with large portfolios start selling it.
Against this background, forecasts for ETH for 2021 look much more stable because its team has proven the ability to develop the project, and the community - the strength to support them in this development. In any case, experts do not expect a wave of growth of more than 10% of the current level by the end of the year. In the case of a successful launch of phase 1, and then a phase 1.5 after a year and a half, the cryptocurrency rate has a big chance of exceeding not only $ 1 thousand, but also $ 1.5 thousand.
For projects at this level, it is always important to attract expert developers to the team on time and enlarge the loyal audience, as happened with Ethereum. This is the only way to create a high quality and strong product.
By the way, one project in this area, which today also actively attracts specialists and users for feedback, is BitMarket Network Client. This is an alpha version of an open-source local cryptocurrency wallet, which makes it as transparent as possible and allows outside developers to carry out an independent audits. Soon, this client application will allow users who prefer to invest not only in Bitcoins but also in Ethereum and other cryptocurrencies, store them in one wallet, as well as make fast transactions at a high level of security in the event of price fluctuations in the market.
