Monday, February 8, 2021

long term thoughts on bitcoin, gold, silver and their ratios

The fact that tesla has validated the microstrategy capital allocation, means that the rest of corporate world MUST follow. no idea how high bitcoin will go as all the public companies (in the world?) allocate a few percent of their capital to bitcoin.

it is guaranteed to be higher than now, so track the public announcements and when 80%+ of companies have bought their bitcoin, that is likely near the medium term top. probably end of this year.

what most people do not realize is that bitcoin is encapsulated electricity and has a lot more backing than paper. granted not as much as precious metals, but in a similar way it cannot be created out of thin air. currently it takes about $20000 of electricity and expensive specialized equipment to mine a single new bitcoin.

so they are of the same family of unprintable assets. the question is not "which one", but rather "what ratio"

the MOST conservative ratio for now is balanced between bitcoin and precious metals and that is when the bitcoin ratio is 1700 to silver and 25 to gold. it is only this high to account for the SHTF scenario where precious metal in hand cant be beat. if to ignore that probably more like 20% in precious metals and 80% in bitcoin, based on the apelike guesstimate of around 10000 oz silver ratio and 100 oz gold ratio based on round numbers, ape like shiny and round numbers. basically a wild guess that after the corporate treasury allocations into bitcoin that it will be half a million or so as gold and silver are themselves doubling in price.

https://www.coingecko.com/en/coins/bitcoin/xag

https://www.coingecko.com/en/coins/bitcoin/xau

answer the question "gold or silver" and my claim is that you cannot without knowing the current ratio. at a gold silver ratio of 100, clearly silver. at a ratio of 10, clearly gold. exact cutoff would be somewhere around 40 to 60?

similarily answer the question "precious metals or bitcoin" and in this case we dont even know what the range of the ratio is, so we need to wait to see what happens after the corporate money comes in. at that point there would be only one other mass migration event that could revalue bitcoin and that is the central banks. not even silver is held by the central banks, only gold. so it might be unlikely for that to happen. if it does then another 10x on the range of ratios. 100000 to silver and 1000 to gold, but this would only be at a confidence level of less than 10%

remember platinum when it was ignored and discarded as junk, then over the years it is revalued due to its properties. think of bitcoin like that, but where it can be transmitted over the internet. and potentially becoming a monetary asset. palladium, rhodium are other examples of unprintable assets that have risen in value due to supply and demand.

currently the main bitcoin demand is coming from public corporations all trying not be left behind. with tesla and maybe apple doing this, the riskier path is to not do it. so they will all allocate some percentage to bitcoin. 1% to 100%, but on average closer to 1%. this is demand on the order of a trillion dollars and cannot be ignored. crazy as it seems, somehow bitcoin has become trendy with corporate treasurers. what if the same thing happened to rhodium? what price would it get to? what would a reasonable rhodium silver ratio be if every large company in the world became a regular consumer of it?

by understanding the rational ratios relative to the various unprintable assets, we can all do a better job of protecting and growing our overall stack. the non-bitcoin crypto not mentioned as they are more like mining stocks in very early stage, though it is possible that DOGE has become copper.

then again. what do I know. I am just a clueless ape.

DOGECOIN developers are currently working on this as of 2/6/2021 - “Dogecoin Core 1.18 (based on Bitcoin Core 0.18)”...but won’t happen overnight.

Bitcoin first started trading from around $0.0008 to $0.08 per coin in July 2010. Today trading over $40,000...so yo HOLD if you believe !!! Dogecoin supply could be changed to restricted constrained supply and then it might takeoff. It’s currently capped at 100 billion with a 5 billion inflationary add of coins yearly. Bigger picture is Concentrate on getting more businesses to accept this as form of payment to become the future everyday currency like the dollar.

Both original founders are no longer involved with the project and seem rightfully jaded reflecting on past negative events that plagued early release of Doge but remain hopeful Dogecoin will evolve truly as a form of future currency “for the people”.

The new developers are currently working on this as of 2/6/2021 - “Dogecoin Core 1.18 (based on Bitcoin Core 0.18) work has begun, but we’re fundamentally rethinking how we adapt Bitcoin to Dogecoin. This will improve later update pace, but it’s not going to happen overnight.” (Dogecoin Developers)

Dogecoin Developer Team UPDATES DOGECOIN DEV TEAM UPDATES)

Dogecoin is a movement. Not for greed or gain but to become useful as an every day exchange for goods and services. With patience and good intentions it could happen.

Dogecoin Developer Team UPDATES](https://www.reddit.com/r/dogecoindev/comments/ldzk1b/development_update_20210206/)

Look at us now!!!!

"Dogecoin's rise is leaving Bitcoin in the dust" https://twitter.com/i/events/1358908339741147144

Look at us now!!!!

"Dogecoin's rise is leaving Bitcoin in the dust" https://twitter.com/i/events/1358908339741147144

CAN (Canaan Inc) - Missed out on MARA and RIOT? Don't overlook this picks-and-shovels company to ride the Bitcoin Bull Run

**Found this great post and had to share it.....

Unless you've been living under a rock, you know by now that Bitcoin is being widely adopted by institutions and companies as an inflation hedge. SQ Inc purchased $50M worth of Bitcoin in October 2020. Bitcoin price skyrocketed to $41,000 (See Link). Ray Dalio and Elon Musk has been supporting Bitcoin (See Link) Elon talked about how he wish he invested just a little bit in Bitcoin when his buddy told him about in 2013 on his recent Clubhouse event. But that wasn't really what we needed. We needed more companies investing in Bitcoin, exactly what Square did in October of 2020. Well we got exactly what the Crytocurrency world needed, Tesla just invested $1.5B (BILLION) in Bitcoin.

I am not here to talk about investing in Bitcoin. I want to talk about stocks that are piggy backing off the Bitcoin Boom. Companies like MARA and RIOT has seen over 10x gains since Bitcoin hit over $40,000 in Jan. These stocks have been consolidating and loss about 25% of their gains from the beginning of January until the beginning of February. Once news broke out that Tesla invested into Bitcoin, these stocks went flying again closing the gap.

Now you are probably wondering what these companies do? They are mining companies and their business model consist of purchasing "Super computers" to mine Bitcoin.

These machines typically cost around $3-4k and the return on these machines are around 5-6 months. See below for an example:

Bitmain S-19 Pro: 110TH/s @ $3,700 a unit. Using the Nicehash Calculator , you will see each unit is generating $22/day ($0.10 kWh cost already included) . $3,700/$22 = 168 days to see a return.

We can expect with the Bitcoin Bull run that mining will get more difficult as the more machines come online, the more difficult. So companies like MARA and RIOT need to keep adding more machines to probably scale revenue. What about the companies that supply these machines? Would you rather be a company that gets money upfront, or wait until 5-6 months to get your money back?

Now you can't invest into Bitmain as it's failed to IPO. That's where Canaan Inc comes in who is one of leading suppliers in miners of ASIC miners.

They recently sold a total of 12,000 units of their A12 to Hive Blockhain (HIVE Blockchain Technologies Ltd. (HVBTF) and Core Scientific (See Link). Last I check, these go between $3,000-$5,000 where currently, people are just selling high but you can assume these companies went to Canaan directly. $3,000 x 12,000 units = $36M.

These units are also just as profitable as Bitmain's S-19 Pro (See link)

All this being said, I think this stock has potential to 5x in the NEAR term.

The current market cap is $1B whereas Bitmain was recently valued at $50B (See link). I see Canaan taking some market share as other mining companies will look to scale up operations fast and we all know Bitmain does not have the capacity to keep up with demand.

The best part about Canaan is that there is no PR around them (See image below)

https://preview.redd.it/n8at5sxt0eg61.png?width=2693&format=png&auto=webp&s=6aef9d33efc4631bbd7b90740ffeddb04c69210c

I know there was a short attack on this company when it it had its IPO back in 2020 however I cannot find the link.

It gets better... Canaan has also been developing processors for AI/Machine Learning and Data Architecture. Their product is called Kendryte K210.

The Kendryte K210 is a system-on-chip (SoC) that integrates machine vision and machine hearing. Using TSMC’s ultra-low-power 28-nm advanced process with dual-core 64-bit processors for better power efficiency, stability and reliability. The SoC strives for ”zero threshold” development and to be deployable in the user’s products in the shortest possible time, giving the product artificial intelligence.Kendryte K210 is intended for the AI and IoT markets, but is also a high-performance MCU.

Processor Architecture: RISC-V Dual Core 64bit, with FPU

There is not much sales data but we know that they sold around 50,000 in 2019 (See link)

The focus in RISC-V development is the reason why Canaan has not seen "profits". This is something they are really investing heavy in since the RISC-V sector is going to see massive growth. See image below

https://preview.redd.it/xanjjwdz0eg61.png?width=2017&format=png&auto=webp&s=6f5fc78151aa8e40d61941b7aceeb2afa344ce6d

Guess who else believes that RISV-C is the future of data center architecture? ARK Investments...

https://preview.redd.it/lt51hbq31eg61.png?width=667&format=png&auto=webp&s=f8534493ea681a1b2cfcc58a325a736c7f28c40c

What are your thoughts? Do you think this picks-and-shovels play has more upside than the mining companies?

NOTE: This stock literally jumped 10% after market as I wrote this post...

Use an individual policy statement to be more objective in your holdings

Many years ago when I started investing, I thought the best way to do so was with single stocks. I won sometimes, but mostly lost. Eventually, I came across a group of people called “Bogleheads" and I learned a lot about investing. They supported only investing in a small number of ETFs, holding, and maybe most important of all, coming up with your own ‘individual policy statement’(IPS).

------------------------------------------------------------------------------------------

I think this IPS is an essential tool for crypto investors also. It’s introspective and it takes much of the subjectiveness out of your investments. Without an IPS, we tend to base decisions on whims of the day to day events and that’s problematic for long term goals. Then you read that IPS often. When you're FOMO'ing or sweating about drops, you read that thing again.

------------------------------------------------------------------------------------------

How my current IPS for my crypto holdings looks:

Investment Objectives.

Objective 1: Utilize crypto to allow me to retire 7-10 years earlier
Objective 2: Annual income from investments of $50,000 year after retirement
Objective 3: Minimize tax liabilities
Objective 4: Re-evaluate holding limits yearly, and consider revisions based on personal situations

------------------------------------------------------------------------------------------

Risk Tolerance

I understand the risk associated with crypto. The volatility in a day to day, or even month to month may significantly change my holding limits. As such, I will keep crypto to only 5-10% of my investment portfolio

Holding Limits

Minimums and Maximums. If these move beyond these limits, begin thinking about a rebalance
Bitcoin 30-40%
Ethereum 30-40%
Interest Bearing Crypto Investments (BlockFi) 10-20%
Altcoins 0-10%
Cash 0-20%

Target Allocation

Bitcoin 35%
Ethereum 35%
Interest Bearing Crypto Investments (BlockFi) 15%
Altcoins 5%
Cash 10%

Review Process

Holdings will be monitored quarterly, and rebalanced annually. Adjustments should be minimal, as this is a long term holding strategy

Rebalancing

In order to minimize fees and taxes for converting currencies, rebalancing should occur on a yearly basis, and currency conversions should be limited as much as possible. Rebalancing with Fiat is optimal to rebalancing with conversions

------------------------------------------------------------------------------------------

Figure out a plan. Ask yourself why you're putting your money into a currency and what your expectations are. Share your plan and have others question your choices. The more you can answer these questions, the more confident you become, the stronger your IPS becomes, and the more sleep you get.

I am a time traveler from the future here to beg you to stop what you are doing

This was originally posted in 2014. At the time, this post was not taken seriously. However, given recent events with COVID19, Infinite QE, and now with Tesla purchasing $1.5 billion Bitcoin, perhaps there is a bit of truth to this prophecy.

I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.

If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.

I don't want to waste any of your time, so I'm merely going to explain what happened.

On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.

There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.

"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, 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.

In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.

Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.

The four institutions with the largest still accessible Bitcoin balance are believed to be as following:

-ASICminer - 50,000 Bitcoin

-The IMF's "currency stabilization fund" - 70,000 Bitcoin

-Government of Saudi Arabia - 110,000 Bitcoin

-The North Korean government - 180,000 Bitcoin

Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.

What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.

Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.

Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.

In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.

You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.

Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.

This is also the reason we contacted you.

It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.

However, I have seen where it ends.

Why did I lose 25 € by transferring from Coinbase to Coinbase pro?

I started using Coinbase as a complete trading newbie yesterday. I bought 100 € worth of btc and about 30 € Ethereum, so 130 € overal. Thanks to recent events, my portfolio balance on Coinbase today was around 155 €.

I have decided to transfer to Coinbase pro (as there are supposed to be less fees). After transfering all of the bitcoin and etherum that I had, my Coinbase pro balance is suddenly once again 130 € instead of the 155 € that I thought its supposed to be. (While my Coinbase balance is 0). As far as I know, I have just lost 25 €.

As I said, I am a complete newbie and have no idea what's going on. So, what exactly happened there? What am I missing about this while Coinbase x Coinbase pro thing?

CAN (Canaan Inc) - Missed out on MARA and RIOT? Don't overlook this picks-and-shovels company to ride the Bitcoin Bull Run

Please upvote, this stock needs to be talked about along as a "Picks-and-Shovels" hidden gem play.

Now you are probably wondering what these companies do? They are mining companies and their business model consist of purchasing "Super computers" to mine Bitcoin.

These machines typically cost around $3-4k and the return on these machines are around 5-6 months. See below for an example:

Now you can't invest into Bitmain as it's failed to IPO. That's where Canaan Inc comes in who is one of leading suppliers in miners of ASIC miners.

These units are also just as profitable as Bitmain's S-19 Pro (See link)

All this being said, I think this stock has potential to 5x in the NEAR term.

The best part about Canaan is that there is no PR around them (See image below)

https://preview.redd.it/nsqofyjw8cg61.png?width=2693&format=png&auto=webp&s=a4c17ad57642d691bb3cc38be2ff70a48adcbbf9

I know there was a short attack on this company when it it had its IPO back in 2020 however I cannot find the link.

It gets better... Canaan has also been developing processors for AI/Machine Learning and Data Architecture. Their product is called Kendryte K210.

Processor Architecture: RISC-V Dual Core 64bit, with FPU

There is not much sales data but we know that they sold around 50,000 in 2019 (See link)

https://preview.redd.it/87so7jjqbcg61.png?width=2017&format=png&auto=webp&s=833c2bd9eec03f4ca438781f0cdb0bc4bc5c232b

Guess who else believes that RISV-C is the future of data center architecture? ARK Investments...

Image from their BIG IDEAS 2021

What are your thoughts? Do you think this picks-and-shovels play has more upside than the mining companies?

NOTE: This stock literally jumped 10% after market as I wrote this post...

Feb/8/2021: (1) Army reforms, prof. contractors, service time (2) Snap or no snap (3) Azeri mothers' message to Pashinyan (4) Wrath of Arayik (5) US State Dept clarifies (6) Regional transport routes & trade (7) Kindergartens (8) Shurnukh's new district (9) National mall (10) Births increase (11)..

Your 17-minute Weekend-Monday report in 4033 words. Part 1.

upcoming army reforms / contractor or conscript? / Service length

Earlier we learned about rumors that Artsakh Defense Army service could reduce from 2 years after a restructuring. They want to have an army consisted of professional contractors. The reduction of conscription time within the Republic of Armenia was denied by a Republic of Armenia official, but the reform discussions continue.

Artsakh president's spokesman: steps are being taken to quickly shift to a professional army. There are discussions about reducing the conscription time.

Artsakh sec. councilman Balasanyan Vitalik: we are currently working on a professional contract-based army for the protection of our borders.

(The aforementioned Artsakh officials speak about the Artsakh army. What about the service within the Republic of Armenia?)

Parliamentary sec. committee chief Andranik: the Artsakh Defense army isn't being dissolved. It will keep its regular format (կանոնավոր ձեւաչափ). Increasing the share of professional contractors won't change its management structure. There are various army modules around the world. We have many soldiers who participated in the war and have immense experience; they could be recruited as contractors now and help develop the army.

Republic of Armenia citizens can volunteer to serve in Artsakh Defense Army. It has always accepted them on a volunteer basis. This won't change.

The MOD Vagharshak hasn't mentioned the shortening of the 2-year service in Artsakh. As for a shortening in the Republic of Armenia, we have to analyze first and understand what type of army we want, what size, what structure. This all depends on the final reform package approved by the government.

When we finalize our vision about the restructuring, we will provide you the details. It would be impossible to hide anyway because people will go and serve there.

We need a 21-century army with special forces that possess fantastic weapons and intellect. We should have done this since 1994 instead of screaming that "we have the strongest army in the world." All the general who today demand the government's resignation, while they weren't generals yet, were securing victories for us. But when Serj and Kocharyan began handing over ranks and wealth in exchange for favors, they de-facto hindered the future development of the army.

Our lesson today is to find the 44-day participants with high intellectual capabilities and give them an opportunity to control the army in the future and guide the government on how to reform it. Science and education should have a place in the army, and the army should become the locomotive for the economy.

Question: do your conversations with the MOD Vagharshak and govt give you hope that these reforms can be achieved soon?

Andranik continues: Did anyone believe in 1990 that we could have an army that forces Azeris to a ceasefire in 1994 and call itself the strongest army in the region for years? After the 2016 4-day war [April war, when Armenia lost lands in the south and north], we should have realized that something is wrong with our army. Could the Pashinyan administration, who took power in 2018, immediately solve those issues? No, because the army capabilities were squandered from 1999 October 27th to 2018.

Everyone has their share to blame. I don't want to look for traitors. Everyone should realize their role in this defeat. When they pulled the army from the front lines and used it against the protesters in 2008 March 1st, they demoralized and devalued the army. We need to restore the trust in the army.

MOD Vagharshak and I had a conversation about Yerkrapah (a veteran group that helps the army). Both of us are a member. Yerkrapah has a lot to do today. They silently help the army without bragging.

MOD and I discussed legal reforms to satisfy the army's needs and its structure post-war. Expect interesting things in February. I can't reveal details.

I also met the ruling party and Parliament Speaker. The needed legal reforms require their support... They should be perceptible not only to the officers involved in the army but also to the whole society outside the army. This is where the political majority has a major task to accomplish. We must achieve success without wasting time.

I support the appointment of ex-Artsakh army chief Jalal Harutyunyan to his new position in the Defense Ministry of Armenia. If you look at the areas where Jalal commanded during the war, we didn't sustain big losses. He isn't indifferent to the army.

Question: Should we have a committee to investigate the 44-day war like the one that investigated the 4-day war?

Andranik: The April War investigatory committee was formed 3 years after the war. There must be a calm situation. Let the army find strength in itself to analyze. Seyran Ohanyan's (Serj's MOD) 2016 analysis about the 2016 April war had many flaws; everyone was guilty except for them. The new investigative group summarized the info and found the source of the problem. The President of the Parliament has the finalized report. It will be published.

https://www.armtimes.com/hy/article/206012

snap or no snap? / ruling QP party holds a meeting with PM Pashinyan

They agreed on three things: opposition parties rejected Pashinyan's offer to hold snap elections, there is no widespread public movement to demand it, the party will continue to support Pashinyan's Roadmap presented on Nov-18 (about finishing implementation of the trilateral statement, securing Syunik borders and involving Russia in some regions, social aid packages for refugees and Artsakh, etc.)

QP MP Alen: We made the offer for snap elections but the opposition did not agree. Is the ruling party supposed to beg the opposition to hold snap elections? It doesn't work like that. They rejected the offer because they know that after snap elections either the Parliament will look similar to what we have today, or even worse for them.

The public elected us and they want us to work for now, then they'll see what's next. The government publicly offered opposition to agree that they won't nominate a candidate for PM, then Pashinyan will resign and snap elections will be held. The opposition, however, chose to continue its street rallies. Today they contradict themselves.

QP leader Makunts: One of the primary mechanisms for formulating public demand is in the form of representation by political forces. Parliamentary and non-Parliamentary parties have not insisted on snap elections.

Opposition LHK leader Marukyan: QP is manipulating things. There will be snap elections. The question is when and how. Our stance remains the same: Pashinyan has to resign. Our party does not wait for elections to work towards POW and humanitarian issues.

Ind. MP Gor Gevorgyan: In the current tense domestic political situation, holding snap elections is an "adventure". Elections should be done to solve problems, not create more. We have POW and humanitarian issues that require an urgent resolution. //

The opposition continues to insist that Pashinyan has to resign before elections, and Vazgen Manukyan has to become the new Prime Minister to rule for a year before organizing elections.

Human Rights Ombudsman criticized the government and the opposition, saying that lately, the only public discourse in politics has been the topic of the change of the government, while there are other important humanitarian topics (and the fact that you could soon grow industrial weed).

https://armenpress.am/arm/news/1042652.html , https://armenpress.am/arm/news/1042753.html ,
https://armenpress.am/arm/news/1042707.html , https://armenpress.am/arm/news/1042718.html , https://armenpress.am/arm/news/1042753.html , https://armenpress.am/arm/news/1042759.html , https://factor.am/336308.html , https://factor.am/336317.html ,

pro-Russian activists organize a rally

ex-HHK MP Hayk Babukhanyan organized a rally titled "Strong Armenia with Russia: for a new union." They demanded Pashinyan's resignation, strengthening of Armenia's security, closer ties with Russia.

https://armenpress.am/arm/news/1042616.html , https://armenpress.am/arm/news/1042619.html

Artsakh president criticizes recent barrage of fake news that "manipulates people's emotions"

Arayik Harutyunyan: Recently, disinformation around Artsakh has become more active. Unfortunately, it mainly comes from Armenian circles. Without thinking, some people write stuff for narrow personal interests. This is a criminal game against the nerves and fate of the Artsakh people.

One person (likely referring to Serj's son-in-law Mishik) writes that the Artsakh army and Foreign Ministry are being dismantled. Another one writes that we'll abandon the Karmir Shuka-Shushi road area. The third one claims that we'll install Azeri flags in the capital Stepanakert.

These are all nonsense. We will not cave to the dreams of internal and external enemies. I officially demand everyone to refrain from manipulating the nation's emotions and Artsakh's name.

Every state agency works and will work, regardless of hard times and the haters.

I would like all of us to focus our energy and efforts on the reconstruction and development of Artsakh, to ensure security, to alleviate the pain of loss, to solve the problem of captives and the missing, instead of further weakening the existing values.

Common sense and compassion to all of us.

https://armenpress.am/arm/news/1042648.html

Artsakh president has a new press secretary

Arayik has appointed Lusine Avanesyan as his office spokeswoman.

https://armenpress.am/arm/news/1042595.html

It turns out Vahram Poghosyan wasn't actually Arayik's spokesman. Everyone thought Vahram was fired after the appointment of the new spokeswoman. It turns out, he was just a deputy chief of staff and held another position in the media relations department. "I've never been President Harutyunyan's spokesman. It was just a perception."

https://www.armtimes.com/hy/article/206046

re: US State Department responds to ambassador's "congratulatory message" to Azerbaijan

Context: Earlier we learned that the US ambassador to Azerb. allegedly congratulated Azeri Economy Ministry with the land gains and promised to help to rebuild those areas. It received direct criticism from US House Rep. Adam Schiff, while Artsakh MFA, without giving names, urged everyone to refrain from making such congratulatory statements.

The US State Department responded: the official statements represent our stance on the issue, but foreign sources may not describe them accurately. We will cite Ambassador (to Azerb) Lee's Twitter post about that meeting

[The ambassador's Twitter page has a message about a general regional development but no congratulations to Azerbaijan.]

State Department continues: we're concerned about the events of last Autumn and realize that the region needs humanitarian assistance. The US supports the OCSE Minsk Group format and the Helsinki Act about no threat of force, respect to territorial integrity, equal rights, and people's right to self-determination.

https://factor.am/335987.html

Italian ambassador: Italy did not invite Azerbaijan to participate in the G20

"Another falsification of the Azerbaijani media," writes Armenpress citing the Italian embassy in Armenia, about an earlier report by an Azeri outlet that claimed that Italy invited Azerbaijan to the upcoming G20 summit. "As for Italy's stance on the resolution of Nagorno Karabakh conflict, it is clear, balanced, and was presented on November 11th," said Italian ambassador Giovanni.

https://armenpress.am/arm/news/1042669.html

group of Lithuanian MPs urged Azerbaijan to expedite the POW return process

They cited the trilateral statement and called for an unconditional return of POWs, and the establishment of an atmosphere of trust between AM and AZ.

https://armenpress.am/arm/news/1042697.html

search operations

The search crews found 3 bodies in Hadrut and Varanda (Fizuli) regions. DNA analysis is necessary for identification. Names of 29 soldiers were identified via analysis and published today.

https://armenpress.am/arm/news/1042749.html , https://armenpress.am/arm/news/1042594.html , https://armenpress.am/arm/news/1042664.html

Russian ambassador Kopyrkin: The return of Armenian POWs is one of the priorities of the November 9 trilateral statement. I am not exaggerating, this is an issue that is personally dealt with by President Putin and Ministers. The solution may not come as quickly as we expect, but believe me, the maximum is being done, I am sure it will definitely be resolved.

https://armenpress.am/arm/news/1042750.html

A group of families of missing soldiers gathered in front of the MOD building with demands about news about their missing relatives. MOD Vagharshak met the families.

https://armenpress.am/arm/news/1042699.html , https://armenpress.am/arm/news/1042743.html

Azeri families ask Pashinyan for help to find missing sons

A group of Azeri parents held a protest in front of the Azeri MOD with demands for news about their missing relatives. "I need Pashinyan's help. Please. I've searched for my son. No one in the MOD has helped us," said a mother, who was among a group who complained that the MOD ignored their calls and refused to meet them.

"Let them find the bodies if they are dead. If the government cannot find them, they should allow us to participate in search operations. It's possible they were captured and aren't dead," said the parents.

https://armenpress.am/arm/news/1042733.html , https://factor.am/336377.html

Azeri truck explodes on a landmine in Jabrayil

Ilgar Ahmedov was driving his vehicle in the former battlefield area when an explosion happened. It left one person dead, with the other two missing from the vehicle.

https://armenpress.am/arm/news/1042673.html

correction re: teacher qualifications in Armenia

Recently I wrote about how teachers can take a test, place in a higher Tier, and earn a higher salary. I confused Tier-1 (lowest) with Tier-4 (highest). There are no Tier-4 teachers in Armenia. The majority are Tier-1 and 2. Only two teachers are Tier-3.

https://www.armtimes.com/hy/article/206024

new district is being built in Syunik's bordering village Shurnukh

Shurnukh was one of the two villages that lost a dozen houses because they were located on the internationally-recognized Azeri side of the border. The affected district is called "Verin Tagher".

The government is building a new district nearby called "New Verin Tagher" after discussing it with the residents. The houses will be single-story, with a basement and land for farming. Additionally, each member of an affected family will receive ֏300K and ֏68K/mo for 6 months.

An electric fence was installed so the cattle won't cross to the Azeri side.

https://youtu.be/PsLPk108IMs , https://factor.am/336033.html

rare wine from occupied territory is being auctioned

Earlier we learned that winemaker Grigori Avetisyan from Artsakh's Togh village managed to save the last few thousand bottles of "Kataro" wine. They will be placed on an auction. The proceeds will be used towards building a new factory.

Armenian symphonic orchestra organized a charity concert recently. The winemaker was invited. He gifted a bottle to the orchestra conductor. The latter placed it on an auction. It was purchased by a patron who, in turn, gifted it to the legendary composer Tigran Mansuryan on his birthday. They shared a photo:

https://www.armtimes.com/hy/article/206037

soldiers' prosthetics center will have modern look

Medical Univesity isharedphotos from the new center that will use high-tech mproesthetics.

https://factor.am/336055.html

number of births in Armenia

2016: 40.5K

2017: 37.7K

2018: 36.5K

2019: 35.4K

2020: 36.4K

Yerevan 2019: 21.4K

Yerevan 2020: 21.9K

https://www.panorama.am/am/news/2019/02/18/Հայաստան-բնակչություն-ծնունդ/2074124 , https://factor.am/336006.html , https://news.am/arm/news/584846.html , www.1lurer.am/hy/2020/12/29/2020-ին-Երևանում-ավելի-շատ-երեխա-է-ծնվել-քան-2019-ին/387660

Georgia reopens the land border with Armenia

Ninotsminda-Bavra accepts vehicles now. Georgian citizens need to take a test within 3 days of the arrival and receive permission from the Georgian authorities, too. Armenian citizens need to take two doses of vaccine before entering Georgia.

Many Javakh Armenians had been waiting for this day; they recently organized several protests in Georgia.

https://www.armtimes.com/hy/article/206077

trade between the Black Sea and Persian Sea

A week after meeting Iranian colleagues, Deputy PM Avinyan met the Georgian ambassador to discuss trade between the Black and Persian seas, new transport route opportunities, and the North-South energy route connection.

https://armenpress.am/arm/news/1042744.html

Yezidi-Armenian MP visits Iraq to pay farewell to 104 victims of genocide

ISIS fighters committed genocide against Yezidis in Syria and Iraq 6 years ago. Many of the unidentified victims were buried in mass graves at the time. 104 were recently identified and re-buried in northern Iraq yesterday. Ethnic Yezidi QP MP Rustam Bakoyan participated in the funeral.

https://www.bbc.com/news/world-middle-east-55968068 , https://armenpress.am/arm/news/1042613.html

Yezidi-Armenian MP Rustam is appointed as the head of Armenia-Iraq Friendship Group

https://armenpress.am/arm/news/1042682.html

Russian peacekeepers in Artsakh have cleared...

... 1191 ha of lands and 352 km of roads from 24.1K explosive materials since the beginning of their mission.

https://armenpress.am/arm/news/1042693.html

Russian humanitarian envoy in Azerbaijan...

... brought 20 trucks with construction aid to help the local population with energy and water issues.

https://factor.am/336076.html

֏12B in subsidies to pay Artsakh residents' utility bills

The government held talks with Artsakh energy monopolies ArtsakhEnergy and ArtsakhGas to negotiate a deal over the government's plan to subsidize the residents' utilities for a year.

It applies to <180m³ gas and <500kW/h electricity consumption. The settlements that don't have a gas network and heavily rely on electricity, will have a 1,500kW/h limit.

Maintenance costs associated with installing a gas system inside houses will also be subsidized in full.

The lawmakers are still debating on how to subsidize the utilities. It could be done through the aforementioned method, or the prices could generally decrease, etc.

https://armenpress.am/arm/news/1042607.html

Parliament returned ֏1.3B to state coffers

The savings were made in 2020 and returned to the budget. "But the media won't write about this," wrote visibly-salty QP MP Alen Simonyan.

https://factor.am/336011.html

techies want a sharp increase in science funding

Gevorg Safaryan, the founder of EarlyOne and Limetech companies, wants the Education Ministry to add an amendment to the ongoing education reform bill to secure a +50% rise in science funding.

"Science funding should account for 4% of the budget by 2024. It should increase gradually. We need a clear development path and an understanding of why we're doing that."

"The government should lay out the foundations by increasing science funding in the initial period. The private sector will take on and continue from there."

Krisp is an app that removes background noise over internet calls. They are one of the pioneers. It went international and is valued at $120M today. Its co-founder Artavazd brings Krisp as an example of how investments in science can benefit the economy.

https://factor.am/336114.html , https://factor.am/336118.html , https://factor.am/336125.html

infrastructure upgrades / Sevan road ring / Qarvachar road / Armenia-Azerbaijan railways

Infrastructure Minister Papikyan: 2021 is an economically difficult year but we're doing everything possible to keep the budget for road repairs, amid a reduction in the overall infrastructure budget. The subsidized road repair budget is almost the same as in 2020.

The regional road unblocking should not only reopen the Vardenis-Qarvachar road [northern road that used to connect Armenia to Artsakh, shorter than Lachin], but we should also use Vardenis road to develop internal tourism.

The SouthCaucasus Railway company assessed the cost of restoring the northern railway route that connects Ijevan-Ghazakh (Armenia-Azerbaijan) and found it ~$500M. The southern railway route (Syunik) will be slightly cheaper. These are preliminary numbers.

In 2020 we launched a project to lay asphalt around Lake Sevan and make a ring around it. We'll build another 20km this year to finalize it.

https://factor.am/336374.html

Yeghvard's infrastructure (medical center, schools) and vehicle fleet is being replenished as part of a ֏1.5B federal iwsubsidy project.

https://youtu.be/qVJ5gmete1E

Lake Sevan water levels

As of February 7th, the water in Sevan is 12cm above the mark from last year. It stood at 1900.53m, the highest since 2012 (as of Feb 7th).

Graphs: https://armenpress.am/arm/news/1042721.html

COVID stats since Saturday

7014 tested. 451 infected. 526 healed. 11 deaths. 4395 active.

https://armenpress.am/arm/news/1042593.html , https://armenpress.am/arm/news/1042637.html , https://armenpress.am/arm/news/1042670.html

COVID vs kids: parents want kindergartens to reopen

A group of parents protested in front of Yerevan city hall. They want a proper organization of the kindergarten admission process. "12,000 children are still waiting for public kindergartens. We don't know when the admissions will begin. We patiently waited 1 year under quarantine. The quarantine was recently extended without news about kindergarten reopening, while the rules for schools were relaxed to ensure proper admission."

The municipality spokesman met the parent and said they are working towards increasing kindergarten capacities. "It's no secret that we had to make changes due to the pandemic. We are waiting for instructions from Healthcare and Education Ministries. We're in talks with them to resolve it; the solution is near. Many working parents need their children to attend kindergartens."

"The use of an online admission registration system has nothing to do with long waiting lines," said the spokesman in response to a statement made by a parent. "The work done by us since 2018 has freed up many facilities to increase room for kindergartens. Over 1,000 additional children were admitted, as a result. Every year, up to 8,000 children used to wait in queue lines for admission. Last year due to the pandemic there was no admission at all, so that number sharply increased. Please do not associate the pandemic issue with the online registration system."

Currently, children whose both parents have a job are prioritized on the queue list. A protesting parent is against that system because [not everyone is "officially" registered as a worker but is still busy working.]

The aforementioned queue issue is about the free public kindergartens. "Private ones accept kids for $140/mo. Their business is booming today. They don't respect safety rules. Why should the free public kindergartens remain closed?", said a parent.

Full: https://factor.am/336142.html , https://factor.am/336145.html , https://youtu.be/-Thf7_FzC5I

public survey about COVID / news source and Livestreams

64% of the population gets its COVID news from the TV, radio, and print media. 46% from the internet.

53% believe that the population is not acting responsibly, only 7% believe there was discipline.

Pashinyan and HealthMin Torosyan were periodically posting updates during the pandemic. 27% of the population received their COVID info from such broadcasts by officials.

51% said Pashinyan's Livestreams and posts were the most trustworthy source for COVID news.

The research was done by CRRC/CivilNet on August 2020.

https://youtu.be/l_g51VuKkfM

national debt grew 8.8% in 2020

From $7.321B to $7.968B.

Foreign debt was $6.053B, or +4.6% (govt debt +5.6%, Central Bank debt -6%)

Internal public debt was $1.915B, or +25%.

https://armenpress.am/arm/news/1042660.html

COVID vs construction: stats for 2020

Private businesses spent less, while the government spent more on construction.

Overall -9.5% or ֏414B, from which ֏141B came from the govt.

Construction with federal funding +6%. With international credit -6%. With local municipality public funding +43%. With charity funding -68%. With foreign investor funding +58%. With local private sector -34%.

https://factor.am/336152.html

National Mall: a mall that only sells products made in Armenia

A group of businessmen founded the "National Mall" and gathered products made in Armenia and Artsakh. They want to help the Armenian economy. From food to soap. Some of the items are exclusive to this mall.

A businessman from Shirak finds the mall more convenient. He just refers interested customers to visit the National Mall for purchases.

The mall has 60 employees today. They'll soon open a playground and a food court.

Video:

https://www.civilnet.am/news/2021/02/05/«Պատրաստված-է-Հայաստանում»․-բացառապես-տեղական-արտադրանք՝-Ազգային-մոլում-Made-in-Armenia-Exclusively-Armenian-Products-in-the-National-Mall/418525

top-10 countries Russian tourists plan to visits this Spring

Turkey, USA, Egypt, Maldives, Uzbekistan, USA, Kazakhstan, Cyprus, Armenia, and Serbia. Data by OneTwoTrip tourism agency.

https://ria.ru/20210207/puteshestviya-1596168223.html , https://armenpress.am/arm/news/1042643.html

drones will be used during search & rescue operations

The Emergency Ministry wants to use surveillance drones to find and rescue people after natural disasters, or hikers who go missing. Three scenarios were tested in Aparan: lost in a forest, disoriented and lost in darkness, buried in snow.

The drones successfully found those missing in forests or darkness. It has room for improvements in dense forest areas and flying altitude.

In the darkness, the drone's speaker instructs the person to follow instructions and move around so the drone will spot them more easily. Upon detection, it automatically sends the data to the rescue center.

https://armenpress.am/arm/news/1042685.html

bear in captivity

Econews.am nature activists raised an alarm about Hanqavan's "Nairi Spa Resort" hotel keeping bears listed in the Red Book. The Nature Ministry asked the inspectors to investigate while reminding that the law that regulates the animal world is currently being amended to count the animals in captivity, establish the system of permission to keep certain animals in personal zoos, etc.

https://factor.am/336192.html

ever wonder why Iran needs to import electricity from Armenia?

Well, maybe because Chinese firms moved to Iran and they have been mining Bitcoins with Nvidia graphics cards en masse. They used 300MW power, enough to serve 100,000 people. It caused electricity outages across Iran.

https://videocardz.com/newz/gpu-mining-farms-are-causing-power-outages-in-iran

Juventus is interested in Henrikh Mkhitaryan

Big if true. "Calciomercatoweb" writes that Juve is waiting to see if Heno extends the contract with Roma. The latter two are currently negotiating.

https://armenpress.am/arm/news/1042701.html

today in history

1828: writer Jules Verne was born.

1834: Dmitri Mendeleev was born.

1879: Canadian architect Fleming suggested dividing the planet into timezones (proof that the Earth was flat before 1879).

https://armenpress.am/arm/news/1042578.html

donations to Artsakh & recovering soldiers

www.1000plus.am (recovering soldiers & their families)

www.HimnaDram.org (for Artsakh & Armenia)

www.ArmeniaFund.org (U.S. tax-deductible)

archive of older news

http://www.armeniapedia.org/wiki/Daily_Anti-Corruption_Reports

disclaimer

All the accused are considered innocent unless proven guilty in the court of law, even if they "sound" or "appear" guilty.

What’s Going On With Altcoins?

With the recent pumps of DOGE and XRP and other altcoins, you might be wondering what’s going on, and if the new higher prices are going to come back down. While many are explaining the recent rise in altcoin value as pump and dumps, I disagree. DOGE is and will forever be a joke, but other alt coins that pumped with it might stay at their higher prices and keep rising.

It’s a lot easier than you might think to predict these huge jumps in altcoin price. It’s all about staying one step ahead of the general public. Whenever bitcoin price surged, it gets the general public’s attention. New people buy in and increase the price. Ethereum historically mirrors the price of bitcoin. However in the event of a huge surge in bitcoin price, Ethereum tends to mirror the bitcoin trend less as the price gets higher. After the news coverage the general public rushes to buy bitcoin. The price rises rapidly until correcting. As this is happening those who are new to Bitcoin turn their attention to the broader crypto market. After a little time people start to buy ETH after doing some research. The price of ETH continues to rise as the price of bitcoin is correcting. After ETH comes the Alt coins. Those who were really interested in crypto continue to research and start to buy altcoins. Those who made a lot of money from Bitcoin want to diversify into other crypto. Since altcoins have much lower market caps and trading volumes than bitcoin, they tend to rise more rapidly. This leads to a very rapid rise with the coins sometimes doubling in price in a day. Owners of the coin pull their money out to lock in their gains and the price comes back down much faster than the price of ETH or BTC. The price than either falls back down or starts to grow more steadily.

Next time you see bitcoin price start to rise exponentially, look at ETH and you will probably observe that it rises less rapidly at first but once bitcoin hits resistance, ETH continues to rise exponentially. While ETH is rising, look for some of the smaller altcoins starting to get more trading volume.

TLDR: When BTC is on a bull run; ETH price rises along with bitcoin—> BTC price correction, ETH keeps rising—-> alt coins get more volume and spike, some hold high prices and keep growing.

Bitcoin Customer support Number⊹𝟭⁃𝟖𝟎𝟖𝖝(𝟒𝟕𝟎)𝖝(𝟖𝟎𝟖𝟑)❞⫸ Bitcoin customer care phone Number ✴USA CANADA $#2021&3@#(",>>✴

Bitcoin Customer support Number⊹𝟭⁃𝟖𝟎𝟖𝖝(𝟒𝟕𝟎)𝖝(𝟖𝟎𝟖𝟑)❞⫸ Bitcoin customer care phone Number ✴USA CANADA $#2021*&3@*#(",>>✴

Bitcoin Support NCCKW Bitcoin Customer care Phone number # 2020 Care Tech awdjdjjeeekkmetimes users need to do the payment on an urgent basis when some emergency or other things occur, and if at that So if you are also in this sort of situation then without hesitation simply make a call on Bitcoin Phone Number as our professional will instantly resolve your issues. Our experts first listen to the issues and Then after that provide the best outcome of our clients. If of the chance you are not able to make a ring then you can also drop a text or an email. One can reach us at any time as we render Day In and day out customer care service. We also try to provide-

Best Help at an affordable rate

Reliable Help

Faster Resolution

Effective Solution

How To Add Cash On Bitcoin?

If you are a new user and facing issues in adding the money on Bitcoin then just follow the instructions given below as these instructions will guide you in adding cash in an easy manner. If in case you ate not able to add the money on the Bitcoin then feel free to avail of the Bitcoin Customer Service and avail the service you just need to make a call at Bitcoin Number. Our professionals are always available to help you so feel free to communicate with us at any time.

Firstly open the Bitcoin on a device.

Then from the Bitcoin landing page tap on the "Balance" tab.

Thereafter press the "Add Cash" option.

Then select amount

Choose "Add"

Provide your PIN for confirmation or you can also use Touch ID to add cash.

Day In & Day Out Bitcoin Support

We proffer day in and day out service to the customer which means we are availing 24/7 to help the customers. So if in case you are facing Bitcoin login, logout, recover an account, recover password, change password, access account or other issues then just feel free to communicate with us at any time. Our team is 24/7 online to provide a faster Bitcoin Resolution. Our technicians are so much talented that they can fix any sort of bugs within no time.

The Bitcoin also provides its own Cash Support but it is quite hard to communicate with them as there are soo many Bitcoin users so it is quite difficult for them to resolve everyone's issues in a faster way. So if you need instant or immediate help then just make a call at Bitcoin Support Number. In what manner Bitcoin Support help users-

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

Easy to communicate with Bitcoin Support

Bitcoin Help can troubleshoot any sort of problem.

Immediate Solution

Want to get Bitcoin without phone number? Not able to know the process how to process the same. Just stay here with our customer care staff. We have brought forward a team of online customer care representatives who will let you find the right solution to your problems. In addition, we also treat when you can’t access Bitcoin account, face trouble when send and receive money on Bitcoin, or you want to access old Bitcoin account.

Can't send cash from Bitcoin to Paypal - Implement solutions beneath

In the event that you're needing to move cash from Bitcoin to Paypal, by then you can utilize our assistance. We'll guarantee that the blueprints we give you are significant and reasonably fitting. Thusly, you will have no issue in sending your cash. Regardless, before we start with the strategy, we should discuss why Bitcoin money transfer is the decision.

Bitcoin is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin payment is liked.

Can't send cash from Bitcoin to Paypal - Implement solutions beneath

Bitcoin is the application that deals with your standard parts. The exchange happens warily and securely. That is the motivation driving why Bitcoin payment is liked.

We should investigate how to transfer money from Bitcoin to bank account. The strategies are given underneath.

Failed transfer money from Bitcoin to bank account? Steps below

In the event that you can't send money starting with one application, at that point onto the accompanying, by then you can utilize our approach to do in that limit. Nonetheless, for that, first, you'll need to send the cash to the bank. By then you can receive money from Bitcoin in an aberrant way. In any case, on the off chance that you try to send cash truly starting with one application, at that point onto the accompanying, by then Bitcoin transfer failed will show up. Subsequently, to manage this, you can utilize the suggestions that are recorded underneath.

Open the application

Before long tap on the equalization tab elective

Go down and you'll get the Cash out tab

Tap on the tab

Set the total you need to send the bank

Press the Cash out tab

Pick between standard or second choice

Contact the scanner for the check reason

You'll get an accreditation spring upon the effective certification

Tap on the choice done

These are the techniques by which you can get money off Bitcoin without Cash card and send it to the budgetary equality. On the off chance that you need to send money from Paypal to Bitcoin, by then you'll apply an equivalent stunt. All the between application partitions are blocked. Thusly, on the off chance that you're thinking to transfer money from Apple pay to Bitcoin, by then first exchange cash to the bank. You'll need to get money off Bitcoin and send it to the record so as to get the issue settled.

Conclusion

Essentially, you can do a ton of methods on Bitcoin. Regardless, on the off chance that you need to proceed with the move from Bitcoin to Paypal, by then you can't do it obviously. You'll need to from the outset add money to Bitcoin and a brief timeframe later you can't get money off Bitcoin without a bank. You'll need to utilize the choice Cash out on Bitcoin to send cash to the bank. The other choice, send money on Bitcoin will move the assets for the bank. Straightforwardly you don't need to pressure, why Bitcoin wont let me send money? You can now satisfactorily move the cash from the bank to Paypal.

In the event that you've tends to like, how much can you send on Bitcoin? How to execute Bitcoin refund or Bitcoin dispute? Why Bitcoin locked message bounces up? By then you can come to us for help.

Users Frequently ask Questions related to Bitcoin

How do I get Bitcoin without phone number?

Why should I get my money back from Bitcoin?

Why should I contact by phone Bitcoin?

Why should I talk to representative of Bitcoin?

Why should I get refund from Bitcoin?

Why should I apply for dispute payment from Bitcoin?

Why should I report a problem to Bitcoin?

Why should I withdraw money from Bitcoin?

Why should I get free money from Bitcoin?

Why should I change for cashing using Bitcoin?

Why should I unlink account from Bitcoin?

Around the Clock Service

Cash Support always tries to meet the customer's requirements.

Bitcoin SUPPORT PHONE NUMBER

Easy to communicate with Bitcoin Support

Bitcoin Help can troubleshoot any sort of problem.

Immediate Solution

If you think that you want to report an issue to unlink account of Bitcoin as you feel the app charge fees, then please get in touch with the support team of the app. Another alternative way to get a reimbursement is that if you feel you need to solve ‘get my money’ problem, then you can get refund or apply for dispute payment request. If you need phone number of the support team, then you can get it on the support webpage. You can contact by phone and then talk to representative to solve your issues

Bitcoin Support Number ♋ 𝟣―𝟪08⇉470⇉𝟖𝟎𝟖𝟑 ♋ Pro Customer Support Number VBAJHSAVHSADDVDVSDVGDSF

Bitcoin Support Number ♋ 𝟣―𝟪08⇉470⇉𝟖𝟎𝟖𝟑 ♋ Pro Customer Support Number VBAJHSAVHSADDVDVSDVGDSF

Time went, Bitcoinfaced the heights however tasted the failure too. Simply in recent years once Verizon purchased Bitcoin, the protection is predicted for the soundness of the corporate. The journey of Bitcoinis incredibly spectacular.

ABOUT BitcoinEMAIL

Apart from different services, what grew quickly was the e-mail service. Bitcoinemail is freely obtainable in additional than 3 dozen languages with entrancing options. This good email is assessed from any browser at any time of the day from any corner of the planet. Simply a couple of years after once Verizon acquired Bitcoin; Bitcointhen undertook Bitcoinunder its roof and created ‘Oath’. With most to explore with this outstanding email, ignoring the glitches concerned in it’ll be an injustice. There are infinite users who face some or different troubles whereas victimization a reliable email service. And therefore the credit goes to the BitcoinCustomer Care Phone Number who work around the clock to resolve all types of problems encountered by the users. Commanding troubles for a jiffy have a glance at the wonderful characteristics of BitcoinEmail.

Peculiarities of BitcoinEmail

Ease of looking and victimization Filters: With this exceptional feature, users of BitcoinEmail have the good thing about looking at emails, contacts, and events. They will even create filters for messages and emails.

Allowance for managing your calendars: The users of this email will subscribe, print, produce or maybe add a calendar. They will manage the programs from the calendar and simply edit them too.

The convenience of making folders: through this good email, users will produce a brand new folder, rename it additionally delete it as per their preference.

Saving emails & moving messages: by clicking at the lot of icons, users will merely save their emails and move single or multiple messages to the created folders.

The comfort of deleting multiple emails: not solely the users have the comfort of deleting single or multiple emails at a time however conjointly they will recover any accidentally deleted email at intervals seven days of deletion.

Panel resizing option: users will effortlessly size the panels in Bitcoinemail to their feeling. Simply move your pointer to try and do the resizing.

Disable the reading pane: if you don’t need the reading pane on your screen, you’ll disable it by planning to settings then clicking customization.

Personal customization of BitcoinEmail: this is often the most effective feature of all, through this users will customize the approach they need their messages to be displayed in their inbox. Space, previewing, dynamical of font also can be done.

Composing emoji’s: BitcoinTech Support a large varies of emojis (pictorial characters) that the users will use in their email messages.

Mouse & Keyboard shortcuts: similar to you are doing the shortcuts in your day to pc works, you’ll equally lie within Bitcoin. The shortcuts embody for list read, contacts, calendars, navigations and others.

The benefits of victimization this good email service don’t finish here, in fact, there are way more of them which may be explored once connection the family of BitcoinEmail. Because the coin has 2 sides, therefore will this email. Wherever there are uncounted advantages, some dis-satisfactory complexities also are concerned. Do not forget that the majority of the troubles are repairable through troubleshooting. For those, who don’t the correct method of resolution is suggested to succeed in out to BitcoinTech Support Phone Number that stays active 24×7 on-line. The veteran team of technical specialists has the adequate data to repair all the problems that are confronted by the users. Is your pc activity terribly slowly once putting in BitcoinInstant Messenger? Have you ever been noticing the looks of error code 102 messages on your desktop screen? If you’ve got, then by contacting BitcoinEmail Customer Support Phone Number, you may be ready to resolve this now. The team of certified and veteran staff is accessible 24×7 to handle no matter reasonably Bitcoindrawback that the purchasers might face. Therefore whenever you’re facing installation or upgrade drawback along with your AIM or your Bitcoinsoftware system, you’ll contact the support service team.

How will technical professionals give assistance in obtaining started with Bitcoin?

Bitcoinis one in all the most effective email services that comes with completely different and distinctive options. It offers personalized mail expertise that may assist you to keep connected along with your colleagues, friends and lots of different persons. Sending and receiving emails with Bitcoinis done sort of a professional. Here are some steps that you are required to follow if you would like to induce started with the e-mail services of Bitcoin. Let’s have a glance at them:

Open your browser and sort mail.Bitcoin.com in it.

Click on “Get FREE Bitcoin” to let the method begin

The next step is to settle on the e-mail address and password for the account Bitcoinaccount.

In case you are already having an AIM screen name then you’ll use a similar for your existing screen name and password. With this, you may get an AIM Mail address that is able to be supported by the screen name.

In this approach, you’ll produce your own account on Bitcoinand obtain started with it. If you get any drawback in understanding any above-named steps then contact the techies for BitcoinTech support service. Right from making a brand new account and dynamical the password, you’ll get all types of facilities from the specialists over the phone.

How BitcoinTech Support offers technical assistance to the customers?

It is right the same that if you are victimization any email services that you will even have to face its technical mishaps. There are times once users get pissed off attributable to technical problems like server issues, page not opening, password problems and plenty of additional. The best and quickest answer to those issues is to induce fast facilitate from the techies. Here are some ways in which during which specialists will facilitate Bitcoinusers:

We provide period technical support to the Bitcoinusers so as to form them get obviate technical glitches

Customers can get tech aid at any day any hour any time. A team of pros are going to be obtainable twenty-four hours therefore the client will create a call to them anytime.

No ought to drift here and there for breakdown the password or account setting problems. Customers will avail of this technical support service right from the comfort of their home.

Technical representatives never let down the client once it involves confronting technical errors.

The entire technical help method is finished in a very speedy manner by professionals.

All the steps and answers are going to be provided to the purchasers over the phone for customer’s convenience.

Our team of specialists is ready to handle all the straightforward and complex issues of Bitcoinwith ease.

We instruct the users over the phone to form them stress-free and obtain eliminate technical issues.

By dialing BitcoinCustomer Service Phone Number, you will directly get connected to the techies. With only one call, customers will speak on to the professionals and describe their Bitcoinconnected problems.

What types of technical errors would like Bitcoinemail customer support?

With Bitcoinemail service, you’ll encounter completely different issues such as:

Password lost or forgotten

Problems whereas accounting creation or work in

Not able to connect the significant files or traditional files

Missing mail sign

Image not showing within the emails

Unable to look at the downloads

Account hacking issue

Technical issue of password retrieval or recovery

Getting technical error in sending the e-mail and retrieving the e-mail

Some of the technical glitches are quite common that happens with virtually everybody. Think about selecting the technical support service will facilitate in eradicating of these problems with ease. For handling these problems, correct help and guidance are needed. This may be done by the team of technical representatives.

How to solve the emails retrieval issues of Bitcoinusers?

The first step is to logout from the account and once more log in by getting into all the main points.

Check if the Java application scripting and cookies are enabled.

Now, clear the cache, history, and cookies of the net browser.

After this, sign up and take a look at to retrieve the emails.

How to fix the signup problems with Bitcoinemails?

Many times, it’s been seen that users face sign up issues. This drawback is principally happening attributable to an incorrect username and password. In such a problematic scenario, follow these steps:

Firstly, visit the browser and open the home page of Bitcoin.

Secondly, you wish to click on the choice of Forgot password to reset the password of Bitcoinemail.

Once you are through with resetting the password, attempt language in once more

Even once resetting the password, you are facing a similar drawback then attempt to clear all the cookies. This can assist you in fixing the check-in problems with Bitcoin.

How Bitcoinphone number is helpful to customers?

BitcoinEmail Tech Support Phone Number permits individuals to induce connected with the specialists directly for sharing their problems. Customers can get around the clock service for troubleshooting the technical issues associated with Bitcoin. The most objective of this Bitcoinclient service is to form the purchasers relaxed and stress-free. All you are required to try and do is to offer a fast call to the technical specialists.

How do I reset the Bitcoinemail password?

By providing wonderful email services, Bitcoinhas become the foremost trustworthy email service suppliers. Bitcoinemail service permits causing and receiving emails in a hassle-free manner. Alongside this, there are several latest options that permit the users to customize it. There are times once technical problems associated with Bitcoinemail will bother you. One in all the common technical issues is forgetting and losing the Bitcoinpassword. This may happen with anyone and losing the password isn’t an enormous deal. If you are looking for the ways in which to reset the Bitcoinemail password then dialing BitcoinCustomer Support Phone Number would be an excellent plan. You’ll seek advice from the professionals concerning password problems and obtain instant support from them.

Here are some steps that you simply ought to do for resetting the Bitcoinemail password:

You need to open the Bitcoinlogin page.

Now, choose login/Join. After this, you wish to enter your username and click on “next”.

Now, opt for “forgot password” and enter your username then click on next.

You’re required to produce your telephone number that entered at the time of account creation. After this, click on the consequent button.

After this step, you are required to verify your identity through code verification. The code is going to be sent to your telephone number. You’ll get the code through a telephone call or text.

Once you get the code, enter it and click on next.

Now, you will be asked to make a brand new password for your Bitcoinemail account.

After getting into the password, click on save.

Bitcoinusers also can follow the below-mentioned steps to reset the password through recovery email address.

First of all email a reset link to the “my recovery emails address” and tap “next”.

This will send an email to your various email address that provided as at the time you signed up for Bitcoin.

Now click on shut button.

Now, open your various email account for the password reset message.

Click on the link that you bought within the email. On clicking it, you will get a brand new page.

Enter your new password and saves the changes that you have created.

With a couple of easy steps, you’ll simply reset your Bitcoinaccount password. For additional technical help, you’ll ring on BitcoinEmail Technical Support Phone Number. Our team of pros can guide you and supply your directions over the phone. Right from a minor technical issue to major ones, our specialists are ready to handle every one of them in a hassle-free manner. So, don’t wait, simply create a telephone call to our team of specialists. We’re obtainable twenty-four hours to assist the purchasers and create them extremely glad in terms of effective answer and immediate help.

Queries that are often asked by Bitcoinemail users?

There are plenty of doubts that can occur in a user’s mind while using the Bitcoinemail. Some of the very basic queries that are often asked by Bitcoinemail users and have hassled them from time to time have been listed below:

What are the steps to create a new Bitcoinemail account?

How to resolve the sign-in errors?

How to import messages from Bitcoin?

How to compose emails and send them to different recipients.

What is the way to send attachments?

How to reset the password of the mail?

What can be done if someone has forgotten the mail?

How to create folders to categorize everything?

What are the ways to set up auto-reply?

How to resolve Blerk error 1 in Bitcoin?

Some of the advice to avoid the glitches

It is quite vital to keep your account safe from outside hackers and intruders. Just take some tips that are given below and avoid the common flaws.

Change the password after some time like every month, so that the email ID doesn’t become vulnerable

Timely clean your junks from the folders using the file cleaner

Do not access the emails on public devices such as public desktop, laptop, and if you do, make it sure that you log out.

If you have a personal smartphone, then only save the password, otherwise, don’t save your password.

These are just a few vital tips to help you with ease at the email conflict. For more advice, just contact the BitcoinTech Support Phone Number team. Pick up your phone and dial the Bitcointechnical supportnumber for the same. They will be able to resolve the flaws as the technicians are extremely qualified and experienced in handling the queries. They will be able to assist you with a complete solution and provide with the guaranteed solution.

How to resolve Bitcoinerror 47-ac-3101?

If users wish to fix the Bitcoinerror 47-AC-310 then users can execute the given methods:

First access your system with your admin account.

After that go to ‘Windows Start’ menu, All Programs, Accessories, System Tools’.

Further this click on System Restore Option and provide all the details that have been asked for.

Finally, just save and restart the system.

If users come across any problem, then promptly contact the Bitcoincustomer care to avail more guidance on this problem.

How to change the Bitcoinpassword for the Apple Bitcointing system?

If users are searching for ways to change the Bitcoinemail password for Apple Bitcointing Systems, then users can follow the given methods:

For iPhone

First of all, navigate through to the settings à Mail Contacts and Calendar à Bitcoin

Further this user would have to enter their username and then click the option to change the password.

After this user would have to provide the old password and then enter the new password.

Finally, just click to save the password.

For Mac

First fill the login details and sign in to your account

Further this go to settings and choose to change the password

Users would now have the option to create a new password and then save the changes.

How to transfer the Bitcoincontacts to Microsoft Outlook?

If users are looking for the exact methods which would help users transfer Bitcoincontacts to Microsoft Outlook, then they can take up the methods that have given below:

First of all, sign in to Bitcoinaccount and Choose Contacts.

After that navigate to Tools, then export using CSV option.

Now save the files at the desired location.

Further this Sign in to Outlook.

Now Just Click on the option of CVS

Further Choose the file from the saved location and opt to import.

Basic Needs for BitcoinEmail

TESLA, BITCOIN, AND ELON MUSK

READ: https://blog.coinberry.com/2021/02/08/tesla-bitcoin-and-elon-musk/

“These recent events show how many more people are ready to embrace cryptocurrencies which is good for the entire community and a decentralized financial future. At Coinberry we are striving to provide Canadian’s convenient access to cryptocurrency in a first-class financial experience,” said Andrei Poliakov, CEO of Coinberry.

#Coinberry #Cryptocurrency #Bitcon #Dogecoin

https://preview.redd.it/9w9wo6655bg61.jpg?width=1833&format=pjpg&auto=webp&s=6d932bb58e9471b9f9fab27b3f62ac57660274c1

SILVER > TESLA

I am actually angry right now at this whole Tesla charade.

After all the manipulation, as well as the events of last week which gave the world a glimpse of what has been going on with the world's most productive commodity, i.e. Silver; they then go and hype up these circus sideshow assets dogecoin and bitcoin yet can't even mention silver, the most electrically-conductive material on planet Earth? The one and only commodity in the history of humanity with a dual functionality of being both a precious and industrial metal? Is this some fucking joke?

Yaya they mentioned Gold I know.... but not silver. This only furthers my conviction.

I love Musk's vision and I do believe that EVs are the the way of the future but this makes me wanna short the socks off of Tesla. Already over-valued to begin with.

Have any of you successfully made a home down payment with Bitcoin?

I am going to be using some of my bitcoin to cover a down payment on a home.

Don't worry, my diehard friends, I'm not mooning yet, but I do want to diversify.

My question is about using Bitcoin directly to pay a down payment. The reason I would want to do this instead of selling bitcoin and paying the down with USD is because the event of selling bitcoin would trigger capital gains tax of about 15%. But I believe if I can find a lender/seller/escrow who's willing to accept BTC as currency for down payment, then there's no capital gain to tax.

Looking to see if any of you have had any experience with this or any advice to share, and thanks!

Tesla shares are not increasing price significantly after buying 1'5b

If shares price had been possitively impacted by the investment, then it would have been a strong incentive for the rest to follow the path (because the share holders of other companies would want to join the party and see a +10% value increase over night).

But this didn't happen. In fact, even the price of Bitcoin increase more with the Musk's twit about Bitcoin, than after this (giant) new.

I don't see Bitcoin going much higher if the impact to the most excpected event is just a discrete 10% increase.

Wealth Formula Episode 250: Infinite Fleet! An Asymmetric Risk Play?

Catch the full episode: https://www.wealthformula.com/podcast/250-infinite-fleet-an-asymmetric-risk-play

Buck: Welcome back to the show everyone. Today my guest on Wealth Formula Podcast is Chris Wood. Chris and his team have been on the show before. He's with Pixelmatic. He joined Pixelmatic in 2016 as a project manager and Pixelmatic is a company which we'll talk about in more detail which is basically they make video games and not the kind that you and I probably grew up on back in the old days like Pong and Pacman but things that are slightly different than that Chris is the CEO of Pixelmatic and he's here to tell us a little bit about investing in this space and specifically a little bit about the opportunity that Pixelmatic has right now that I know that some of you have already invested in either in the seed round or in the current round that we had featured on a webinar. But now we're you know this is a Reg D 506C offering so I thought hey let's bring it out to everybody and make it public so not public to everybody but it is a credit investor so you could but anybody can listen in Chris welcome back I think you've been on to the podcast as well. Welcome back to the Wealth Formula Podcast.

Chris: Thanks very much for having me. It's always a real pleasure to catch up with you.

Buck: Yes and you are just you are a good sport here you're in where are you you're in England?

Chris: I'm in Shanghai in fact. Well, it's 8 a.m in the morning for me right now so I've not quite had my morning coffee.

Buck: So look at me I was thinking well English accent he's probably in England or something like that but no Shanghai all right good. I hope you're staying healthy over there Chris. I want to start out a little bit, you know kind of start out at the beginning here. I know we've had these conversations before but I think it's an interesting topic. It's different from what we usually talk about. So let's talk about gaming in general. When we say gaming in the gaming industry for you know for those of us who really have not been involved with video games since you know the 80s and 90s specifically I mean I'm thinking of me like you know back in the day I was a pioneer for Atari when I was six or seven years old and then maybe graduated to Nintendo you know they had the Mike Tyson game back in the 90s and that was pretty much about the end of my video game experience but this is a completely different ball game. Can you explain or describe what exactly the gaming experience for people is now?

Chris: It's completely different. I mean I've been gaming since I was four years old and you know I'm in my mid-thirties now and even I struggle to keep up the incredible waves that the gaming industry is making. It's an entire ecosystem that is not what it used to be. It's not the old dungeons and dragons or the old Atari you know sort of basement-dwelling nerds kind of thing that you know certainly when I was a kid it was still just nerds that played games as such just you know kidding of course but now it's very mainstream. I mean I'm sure a lot of your listeners you know their kids or you know themselves are playing Fortnite or they've heard of it at least Minecraft, World of Warcraft all these things and you know these games are huge there's millions and millions of players they're generating billions of dollars it's an unbelievable ecosystem and it's not just the games but of course I'm sure the listeners will have seen people doing streaming which even I at first was a bit well this is very odd watching people play games and I mean I don't think that's huge.

Buck: I want you to assume we know nothing because honestly, I don't know anything what you're talking about I don't know the streaming and stuff like that so okay so let's first talk about this now because I know a little bit about what things look like now but it used to be that you used to play maybe used to play with a friend who was sitting next to you/ That's changed right?

Chris: Completely. Well everything's online now right I mean even those couch games that people play together they're dwindling gamers you know the companies aren't really doing that so much anymore what they do now is they have these massive online games where usually you know averagely you'd get 32 or maybe 64 players playing together at one time in some shooting game or something like that and how they often make their revenues is either by you know you buy the game upfront like you used to do as a kid or people will buy these digital items in the game you know they'll buy like suits and things like that that just make them look really cool right and it doesn't necessarily make them any better it just makes them look awesome yeah this is a huge industry.

Buck: So you've got people who are playing from all over the world right and so might be playing against somebody in Russia or you know in Shanghai and basically are you've got these games that monetize from I guess it'd be a membership or buying the game first right?

Chris: There's lots of ways. So there's the traditional way of course there's some that have subscriptions like World of Warcraft you pay every month these people you know if you think about they have seven million players I believe right now and they have subscription fees so every month players pay this money which is you know incredible that really took things to a new level and of course like I say yes this free to play model where people have little in-app purchases you know you may have seen that on your phones or something like this where people drop a dollar or two for some something in-game.

Buck: And then you know their weapons and whatever you know bling they may have for games and as you mentioned some of those are I mean you can get like one-of-a-kind stuff right I mean you can get I mean I know a little bit of this because I had invested in a project you know called a worldwide asset exchange some time ago wax token but you can you know you can get one-of-a-kind sort of you know things that you can bring into games right and people pay we're talking big money for some of this stuff right?

Chris: Absolutely recently there's been some of these what they call NFTs I don't want to get into too much today but these rare items that people will drop I mean there was a recent one which was a record-breaker that went for eight hundred thousand dollars I believe so I mean it's quite huge and even there was you know in fact in the early naughties there was a game called second life where people were flipping real estate which is quite funny I'm sure yeah quite funny that's interesting for hundreds of thousands of dollars in fact.

Buck: Yeah so literally people are I think it's a change in perspective for people I think who are you know in their 40s or 50s maybe even 30s I guess where you look and you say well why in the world would people be dropping money like that on things that aren't real and part of the change in perspective is well what's real is kind of different now for a lot of people right if they spend a significant portion of their lives online well then that is a significant portion of their life so whereas it might you might not think it's a crazy idea to spend a couple hundred thousand dollars in a Ferrari in the real world if most of your life is spent in the online space you may think it well, of course, I'll spend 100 grand or 50 grand on something if I'm spent and is that sort of the paradigm shift where kind of you have to kind of get to understand this?

Chris: I think so and covid has only just accelerated that really I think everyone's at home and you know everyone's sort of digital these days you're absolutely right it's all about kind of peacocking and standing out and looking cool in front of your friends right I mean there's so much of that I mean that's what Fortnite is so famous for really is that they have all these different things that you can change your character to look like you know these massive IPs that are in there so these kids are running around like James Bond or whatever you know and that's and they think that's great and it's understandable because like you say it's the new Nikes right it's the new that you used to wear as a kid and when you're going out and playing with your friends.

Buck: Right so for perspective, we talked a little bit about how this is really a global industry and more way than one I mean it's you know people are playing everywhere they're playing next to each other they have no idea you could have like you know a 40-year-old person in Ukraine playing against an eight-year-old in Iowa and but the globe how big it is gives us some perspective on how big of an industry the gaming industry is and the growth of that well it's there's 2.2 billion gamers worldwide.

Chris: It's absolutely massive so I think what you know to really put it into perspective it's bigger than music and movie industries globally combined that's Hollywood, Bollywood everything all combined video games is bigger much bigger in fact it's currently I believe 106 billion and forecasted for 200 billion in 2023 and so you've got this you know the compound annual growth rate the growth rate's been about I think 10 over the past five years and it's still maintaining that it might be 9.5 or something off the top of my head but at the end of the day it's been blasting all predictions I believe in 2014 they expected it would be 90 billion by now but it ended up being 160. just because you know there are more and more and more gamers constantly more people have access to games on their mobile phones you know phone game is huge and yeah it's just becoming more and more mainstream and that the train isn't stopping anytime soon most people are gamers these days.

Buck: So give me some examples you mentioned Fortnite give me some examples of you know some of these what makes a game in your opinion at Pixelmatic and what makes them successful and how they end up and how do they make people money I mean you've touched a little bit on how they make people money because you got all these things that you can buy is is an investor in and you know who's getting paid by the gamers and stuff but what do you think makes a successful game?

Chris: Well there's a lot of different things in different markets like for in for example in China there are some more predatory techniques you know some like very addictive games where you can just pick up and play them and and you just spend small amounts of money the game that we're building is what we call a massively multiplayer online game so that's something where you have hundreds of thousands of people playing together this is like the World of Warcraft kind of game where people assume this second identity they spend hours on this thing like you know some people spend like eight hours a day or more on these kind of games it's really a second life very immersive so these kind of games are hugely successful because they offer this rich experience where you can kind of escape from reality somewhere and go and become a hero and and this kind of thing games like Fortnite are so successful for for a number of reasons really I mean there is there is kind of a magic formula to something like this but of course the way they look the way they feel the network effect where it's simply you know if I play this game and I refer friends it helps and they they love to play together right the idea of course is that you make teams together and so you you bring your friends and and kids generally speaking of course will will all you know the word of mouth is is huge but for a game like ours it's more about having really detailed lore and story and amazing visuals and you know quite technical gameplay where players can because ours are all about spaceships so they can go into these spaceships and swap parts out and do all this

Buck: Why don't you talk about the game. Talk about it. So it's Infinite Fleet right? So what is the game and what's the game, how do you win and you know that kind of thing?

Chris: Sure sure so I guess the easy way to frame it would be something like star trek you know so if you imagine obviously you know you're essentially captain picard and you're out there with your with a fleet of ships actually not just one you're exploring the universe it's a massive universe with millions of stars that you can go across and in this universe you can build space stations you can colonize planets you can mine minerals and take part in a in a real world economy as well and really yeah spend your life in this this in space essentially exploring and what makes our game very special you said you said what makes a game successful why we think our game is going to be successful is because we're giving an experience that players haven't really had before where in our game what you do in the game actually matters so what an example that I like to give is that if the alien you know the evil aliens that come to attackers if they come to earth for example our players our hundreds of thousands of players have to come together and fight back and if they failed then earth could be destroyed and for the rest of the history of this well the future of this game earth would be gone and all these key characters would be wiped out and were some nomadic space-faring race now that hits the core motivation of players because it's it's the old choose your own adventure stories you know the ones where it's like you turn to page 72 or something if you make this decision yeah that's what's exciting.

Buck: And you guys have in you know a big part of this is you know obviously trying to find you know the right people and the personnel the reason I know about this at all is because I had met Samson Mao sometime for a friend of a friend in Samson obviously is you know well I had interviewed him about bitcoin some time ago is obviously he's a fairly well-known person in the bitcoin space but he's also you know one of the key players in Pixelmatic and so that was sort of how I had heard about Pixelmatic and what you guys were doing but one of the things that I thought was really appealing about it was it had people like Samson and now you've really got what I would call what looks like a really all-star group of personnel and also some really well-known big you know investors that you can potentially tell us a little bit about as well.

Chris: Right and to be honest I'm not sure where to start but we've just got such a yeah you know so many but yeah I think I mean I think it'd be great to start I guess with samson you know I mean obviously he is as you said just a massive influencer in the crypto space I mean he's been around for a while and he's he's driven a lot of this this bitcoin especially ecosystem he's the man the man's a visionary you know I mean don't tell him don't tell him I said this but he always gets his blooming predictions right you know I mean he always seems to know where things are going but but the thing with samson as well he was actually all also an executive at relic and ubisoft as well which are just that these are AAA studios like massive global studios and he was basically responsible for the success of ubersoft in asia in china he started the cendo office there and released the smurfs which I'm sure is an ip that that you know you guys will be familiar with he released that globally on facebook and it was one of their biggest most successful games so that was you know he's is really great on that but in terms of yeah we we have 40 people currently distributed fairly globally but they're led by these top top people so we've got jason who's our chief creative officer now again I don't want to rattle off all these I'm not sure if your listeners are going to be too aware of them but an example would be age of empires he was on the most recent age of empires game as a senior game designer which is just a massive ip for strategy game huge ip just like an all-star crowd basically who've worked on a number of very very successful games in the past that's right and studios like sega you know bandai namco nintendo disney all of those with these these guys most of them have had at least 20 years experience in this industry and we've released you know the team has basically collectively released about a billion dollars worth of AAA games.

Buck: We were lucky enough actually to get into the seed round because of you know the relationship that we had and it was an unusual situation obviously you know I'm not on you know executive side or anything but I thought initially it was like well do you want to you know would you like to invest in this and I said well let's bring it to my group the seed round and so that was I don't know it was like a year or two ago right and now you're on to another round maybe you could talk a little bit about kind of where things were during that initial seed round where people got involved and you know where you are right now in terms of development.

Chris: Sure so obviously I'm very grateful for you guys getting in the first place you know a few of your network jumped in which was wonderful at that time you know it was still very early stages it was it was very early stages but the but the great thing is that now I mean by the time we release this podcast it could be that the alph the alpha of the game's online you know it's gonna be a matter of days at the moment so we're really excited about that and that's gonna be open to the two investors in the first place and then we're gonna be you know gradually releasing more to to the players and so you know every month or two we're going to gradually increase the amount of content and increase the amount of players that get in and so this year is really important for us this year is really when we're launching the Infinite Fleet it's very very exciting indeed yeah but I actually I want to circle back you asked about the investors and how things are going and that is something I really want to impress as well because we recently announced that tether the stable the stable coin have actually invested in in exordium limited as well and obviously I mean they're huge they've got like a 26 billion 26 million billion sorry dollar market cap yeah and also I don't know if you know Phil Potter as well he was the CSO of bitfinex one of the world's largest crypto exchanges and a couple of strategic investors too so we've got Bamboo Sofola who's the head of Xbox emerging markets so we you know the games coming out on PC but we intend to port it to consoles as well Microsoft Xbox and so on and also heisenberg capital so that's Max Keiser and Stacy Herbert right you know from rt.com and the Keiser report they're just huge financial broadcasters so they've really been helping out as well so we you know I mean we've got more I could keep talking we've got more and more of these incredible investors that have come in so I really you know.

Buck: Yeah right big names like obviously I mean it's in many ways you know it's like kind of like you know you've got a track record you've got big-name investors you that are actually it also seems like they're some of them are strategic investors it sounds like it in that regard too but so so those people just you know some of them just came in it sounds like and where are you though with so you said you're basically at an alpha you're gonna be releasing off within days yes I got it yes got it so how do you think you know I guess the question people have obviously because there is a current well, first of all, I want you to tell us a little bit about like if you're it sounds like you there's still this next round it's not the seed round that initially we had a couple of years ago but now there's a current round where people can accredited investors can still get involved do you want to talk a little bit about that round?

Chris: Yeah I'd love to yeah so basically it's kind of split into two so we had jurisdictional purposes we did we're doing one raise in the u.s and one for essentially rest of world but it's it's through an eu issuer so we've been very much promoting the eu side of things because it is open to is publicly open to eu residents but on the us side as you said it's a Reg D 506C so that means accredited investors of course we've been talking to your guys we haven't really started yet you know we went we recently went on to your show and we got an amazing response from that so you know thank you yeah yeah obviously it's great yeah what he's referring to is within our accredited investor group occasionally well you know we do some of these one-offs we don't always just do real estate but this was an opportunity that Chris presented to the accredited investor group which is obviously limited just to our accredited investors so that that's what he's referring to as a webinar but go ahead yes sorry and then now we're in advanced talks with the vc fund that's going to be put in quite a large chunk so that's that's looking good and then we're going to be opening you know we're going to be more public and more driving this thing within within the next month because right now we're focusing a bit more on the eu side of things but certainly for the american you know we're making connections and with with brokers and things to to clear that round so I think it's going to be going pretty swiftly because like I say we're in some advanced talks and once it gets a bit more more public I think I think there's gonna be quite a lot of appetite just because of the you know the weight that's behind it really the EU rounds going really well so I'm pretty excited about it

Buck: So yeah and then so in that regard it sounds like an opportunity for people to potentially get involved and I'll give you give your contact information in a second but let me ask you this because obviously you know there's a pro forma there's all this you know the usual stuff for any investment but really this is one of those things where it's hard to predict isn't it, I mean if something goes viral becomes the next fortnight, yeah you're not I mean you're not you have no idea right I mean you're going in there and you're giving a pro forma for a game and some you know level of success but you're not giving a fortnight you know this is going to destroy it kind of thing right?

Chris: I mean no so look I mean in terms of framing it look there's always risk there is always risk, of course, you know this you're an investor there's always risk in whatever you do at the end of the day we're making a media product and people have to like the game so what do you do when you need to make a media product and people have to like it you form the best team which is exactly what we did so we've got the top people driving this thing but what I will say is there's something different between Fortnite and what we're building and there's something a bit more stable behind it why is that because Fortnite is a shooter there are so many shooters out there it could have you know for every fortnight there's a thousand that don't work okay it's a very standard type

Buck: I mean like a shooting game.

Chris: Yeah it's just a shooting game where you kill each other essentially but it's quite cool it is it's quite cool you know but you know they obviously got the formula right but what we're doing is this a much higher ambition level of immersive gameplay where all these people are playing together and it's more there are not that many of this type of game and the ones that exist are all unbelievably lucrative we're talking World of Warcraft EV online black desert online if any of these people have heard of these games they'll know that these things are huge right and there's it's just the thing is the barriers to entry are a little bit higher you have to have top people in the team to get there you have to have some money behind it to make it work sure once it's launched and once it's out there and you've got you know the right networking and infrastructure behind it these games are just huge they're just really really huge right

Buck: So from the standpoint of like you know when you do a pro forma on these you're not but you're being fairly conservative on that.

Chris: Yeah I mean obviously the numbers the numbers are pretty high for when you when you look at the the financials but when you're looking at the competition it's it's very small indeed I mean we're we're looking to capture a very small amount of the market in the first in the first five years like something like coming under the number of my the top of my head it's like 0.05 of the sorry 0.5 of the the the MMO market which of them it's forecasted to be 42 billion in the next couple of years so for us you know in the in the first five years yeah we're you know we expect to make some really good numbers but in terms of the competition it's not that high we are intending to be competitors to the top mmos long term without a doubt and we have to remember behind it World of Warcraft, Eve Online this kind of thing these are these are making hundreds and millions of millions of dollars there are hundreds of millions and we are aiming to position ourselves there but also just quickly before you know before we do wrap up I want to emphasize that it's not just an investment in the game but the publisher of the game so this means that we're also going to have a library of games that uh you know it's not just Infinite Fleet but loads of other games in the long term as well that's the plan we and we intend to be the next Valve which releases a platform of games essentially that's the goal here yeah so right now minimum investment cost and what does that get you that's 10k. So 10k is the minimum USD of course so that's 50 cents per token so the minimum investment is 10 000 US and it's 50 cents per Exo token which is a security token we haven't really talked about that I'm not sure if

Buck: yeah you want to do you want to just you want to talk about a little bit about how that works?

Chris: Yeah sure just keep things you know as simple as possible so basically this is a security token so it means it is a crypto token which is a representation of a share of our company exordium limited so it is essentially it's a share in our company essentially it offers you a pro rata dividend essentially of 20 of our net profit pool annually so all the the 20 of our net profits every every year will be paid out in a dividend pro rata to the holders of the token also it is equity as well so if there was an you know an event where we're acquired or something like that then the capital from that would also be distributed 100 pro rata to our token holders now I don't want to get into too much technical detail about tokens you know people can reach out to me and I'm happy to discuss that but the basic simple thing about it is that it is liquid equity it means that these tokens even though it's reg d usually if you're investing in startups or whatever it's very hard to liquidate we will be going on exchanges so that means that you if you wish you could sell your tones on exchanges very soon we've already announced a partnership with inex which should be coming up within months basically so that's the security token platform no correct exactly so that'll be as a security token exchange which in you know you could should you wish sell sell your tokens at that stage in future they will be going on the market within a matter of months in fact is there any restrictions on that with the us and all the sec currently yes because of reg deep but we are applying for a Reg A plus so that means it will be not accredited all these tokens are going to be registered with the sec and that means they will be publicly tradable.

Buck: Right yeah and so presumably you'd need to hold on to them for about a year and in this not when the reg A comes into play.

Buck: Well would the Reg A come in to play anytime soon you think?

Chris: Yeah I mean it obviously it's up to the SEC we all know that they can be kind of slow so we're in that process Form 1a well we're in the final stages of our form 1a right now so it's not gone to the SEC yet but it will within a matter of a week or two and then it's kind of you know a bit of back and forth with the sec so it's hard to say it could be a month it could be three I mean it really depends on the regulator.

Buck: Sure that and that'll translate over to people who have invested in the 506C

Chris: Yes those tokens will all be registered in this offering.

Buck: Okay and then the I and then at that point Americans can trade on that at that point correct?

Chris: Absolutely.

Buck: Interesting got it so and then if there was an acquisition from a large company is that something you see for these kinds of things typically?

Chris: It's potential it's something you know it's not something that we're actively on the roadmap looking for obviously at this stage it's still early days for us where you know Infinite Fleet for us is a passion project it's something that we expect to run for 10 15 20 years but let's just say we're not averse to the idea should we get serious traction.

Buck: Got it. Very good. How do we get ahold of you if we're you know for the accredited investors out there they know it's Reg D 506C how do they get a hold of you?

Chris: Okay well the best is my Pixelmatic email address I guess so it's just Chris the usual spelling Wood sorry Chris.Wood@Pixelmatic.com

Buck: So it's pixel p-i-x-e-l-matic m-a-t-i-c dot and also if you can't remember that and you want to just email me feel free to and i'll forward it to Chris I know that's what I did a lot of you guys did that last time you can just email me buck@wealthformula.com and in the subject line you know just put Infinite Fleet forward to Chris and whatever you want to say to Chris and I'll be happy to forward it to you. Anyway, this is good stuff. I think it's a really interesting opportunity. I want to thank you for waking up early there in Shanghai and getting on the podcast.

Chris: No problem Buck. For you anything. For you and your listeners anything.

Buck: All right good talking to you and we'll be right back.