Saturday, February 13, 2021

🍄🍄🍄⭐🚀🚀🚀⭐💎💎💎🌟

MINERCO INC. The Magic Mushroom Company Appoints Abdul Rahman as Director of Digital Currency and Blockchain token SHRU Toronto, Ontario--(Newsfile Corp. - February 3, 2021) - MINERCO Inc. (OTC PINK: MINE) appoints Abdul Rahman for his expertise in blockchain including BITCOIN and Etherium. This appointment will finalize Minerco's development of the company's token SHRU as it creates its payment gateway to buy cannabis and psilocybin utilizing blockchain.

Rahman will also be developing Minerco's private-label debit card allowing Minerco's cryptocurrencies to be used at any ATM, in shops, and on online merchants. SHRU token is presently on 7 exchanges and quickly working to integrate on additional ones.

Since the onset of the pandemic, the price of Bitcoin has increased from $4,803 to more than $36,000 as of mid-January.

"Hundreds of sizable companies are now using Blockchain and its underlying technology to make their operations more efficient-and, thanks to its extraordinary returns, boost their profits. We anticipate doing the same for our shareholders "says CEO Julius Jenge.

About Minerco, Inc. (OTC PINK: MINE)

Minerco, Inc. (OTC Pink: MINE), was recently acquired by psilocybin research and investment firm and is emerging as the world's first publicly-traded company focused on the research, production and distribution of psilocybin mushrooms.

Minerco, Inc. Forward-Looking Statements

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the investment offerings and the terms thereof, are forward-looking statements. When used in this press release, words such as we "expect", "intend", "plan", "estimate", "anticipate", "believe", "should", or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor relations Miners@minercoinc.com Twitter @minercoinc

GRST - Ethema Health Corporation - The massive upside potential drug and alcohol treatment facility - Huge DD DD

If you are tired of being a bag holder or investing in companies that have already soared 750% in the past week. Read this DD. All of it. This is a massive opportunity in a new sector

$GRST :

Share price : $0.0073

Market Cap : 13.44M

What is Ethema Health Corporation? ($GRST)

Ethema Health Corporation (OTCPINK: GRST) operates in the behavioral healthcare space specifically in the treatment of substance use disorders. Ethema developed a unique style of treatment over the last eight years and has had much success with in-patient treatment for adults. Ethema will continue to develop world class programs and techniques for North America.

Ethema Health Corporation (GRST)

$GRST currently has 2 subsidiaries :

Addiction Recovery Institute of america (ARIA)
- Drug and alcohol treatment facilities
- Real estate

https://www.ariafl.com/

COVID CLEAR
- Provides disinfectant(COVID Clear solution) to keep customers, employees, and your family clear of the COVID-19 virus as well as other harmful bacteria and germs
- And CDC guideline training for companies staff allowing them to use FDA approved antibody test

https://www.becovidclear.com/

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“Okay but why should I invest ?”

The Addiction Recovery Institute of america (ARIA) is why :

“Ethema Health (GRST) has been issued a license from Florida’s Department of Children and Family Services to operate addiction treatment services at its location at 950 Evernia Street, West Palm Beach. The license includes detox, residential, partial hospitalization, intensive out-patient, and out-patient services which allows Evernia to offer a full continuum of care at its location.

$40,000,000.00 in Gross potential income

“How ?”

Evernia Health Center in West Palm Beach, Florida, is one of the facilities that is owned by GRST.
The facility is 21,000 SQ FT and has 168 beds.
Each of the beds in the facility is worth $1,000,000 which equates to a value of $168,000,000.

“Why is a bed worth so much ?”

A single bed in a rehab facility can bring up to $20,000 per month ;

“Standard inpatient addiction treatment facilities cost between $14,000 and $27,000 for a 30-day program, and outpatient treatment can range from free to $500 per session.”

https://www.rehabs.com/addiction/how-much-does-rehab-cost/

“How did I come up with $40,000,000 and what is my p/t ?”

My conservative p/t is $0.12 per share (a 1200% increase) and this is why :

If the facility has a 40m gross potential and is at 90% occupancy(Considering the fact that there is a shortage of facilities and therapists) ; the adjusted annual revenue would be $36,000,000.00

$36,000,00.00

x 25% (Net income based on the high demand and low supply)

$9,000,000.00 in net annual income

With 1.8b of outstanding shares the EPS(earnings per share) would be $0.005

With a PE of 25 the price would then be of $0.12 per share

A 1200% increase!

But let's be honest, in this bull market this will probably skyrocket to 1$+

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MASSIVELY undervalued compared to other companies

GRST has only 2 competitors in the pure Behavioral Health sector.
- ACHC
- OTRK
Each of them trade on the NASDAQ and are worth billions
- ACHC Market Cap = 4,75b up 75% since august
- OTRK Market Cap = 1,5b up 50% since august
- GRST Market Cap : 15m

The market is exploding and GRST is gonna become the 3rd major option in the $35 Billion addiction treatment industry

https://www.forbes.com/sites/danmunro/2015/04/27/inside-the-35-billion-addiction-treatment-industry/?sh=66aea1cc17dc

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ARIA Treatment Facility Fully Licensed : Jan. 13, 2021

https://www.otcmarkets.com/stock/GRST/news/story?e&id=1784097

Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) is pleased to announce that the audit for the full licensing of the ARIA treatment facility by the Department of Children and Family Service for Florida (“DCF”) which commenced on December 10, 2020 has resulted in the issuance of a full license for all five levels of care that ARIA provides. The issuance of the full licenses for each level of care were staggered and the full licenses for the final two levels of care were received January 12, 2021.

“What does that mean ?”

This granting of the full licenses will allow ARIA to move forward with the pursuit of in-network contracts with various insurers.

ARIA finished November and December with out-of-network gross billing of $602,200.00. The rate paid by insurers on out-of-network billings varies by insurer

“What does In-Network or out-of-network mean ?”

When a doctor, hospital or other provider accepts your health insurance plan we say they’re in network. We also call them participating providers.
When you go to a doctor or provider who doesn’t take your plan, we say they’re out of network.

ARIA has made an impressive $602,200.00 out-of-network just in november/december with a temporary license. But now that they are fully licensed and are able to move forward with contracts with insurers, this could grow much more quickly.

Important!!! :

On november 16, 2020, ARIA received a provider number from a from a massive Health Insurance Company : BLUE CROSS

“The Company is pleased with the progress of the new treatment center operated by Evernia Health Center LLC under the trade name of Addiction Recovery Institute of America (ARIA) and operating ahead of expectations at this very early stage. Aria has received a provider number from Blue Cross well ahead of the time expected and continues to get credentialed by other insurers as applications for reimbursements are submitted.”

https://finance.yahoo.com/news/ethema-releases-third-quarter-results-214000750.html

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Leonite Capital, a Hedge Fund, is willing to buy 20% of the outstanding shares at $0.10 per share.

https://www.otcmarkets.com/stock/GRST/news/story?e&id=1623620

“1. All existing Leonite Warrants to be exchanged with a new Leonite five year warrant granting Leonite the option to purchase equity up to 20% of the outstanding common shares at $.10 subject to adjustment. Any portion of the warrant that is exercised will reduce the remainder of the warrant remaining based on the total number of common shares outstanding at the time of the exercise. The warrant may not be exercised in the first three months of the warrant term.”

Leonite buying 20% of the OS equates to 368,218,049 shares which equates to $36,821,805 for the transaction.
If Leonite Capital is willing to pay $36,821,805 for something like this they are confident in where the company is going.

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Shawn Leon is a great CEO

“Why” ?

1) He believes in the company

Shawn Leon owns and bought 80.4 million shares including some at 0.079$

https://www.secform4.com/filings/792935/0001721868-18-000742.htm

2) He is rapidly growing the company

With 2 recent acquisitions of Addiction Recovery Institute of America(ARIA) and COVID CLEAR both already bringing revenue

3) He cancelled his own shares and reduced the outstanding shares by that number

“The total number of common shares issued was reduced yesterday after the CEO returned for cancellation 1,757,850 shares that were issued to him in the years 2012, 2014 and 2015 (for management fees). The CEO has never sold any shares issued for either management fees or for cash investments over the last twelve years and has not charged any management fees to the Company directly or indirectly in the last two years. The Company will be very strategic with any share issuances going forward.”

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Debt restructure and major debt has been paid off

https://www.otcmarkets.com/stock/GRST/news/story?e&id=1784097

The Company previously reported the restructuring of the debt due to Leonite Capital LLC (“Leonite”) whereby the bulk of the debt was converted to preferred shares in the Company and one of the Company’s subsidiaries, with the remainder written down to $150,000 (the “Remainder Portion”). Under this agreement the Company and Leonite agreed that there would not be any conversions at any time prior to October 31, 2020 and allowed thereafter. The company received conversion notices to convert the debt to shares and the shares were issued on December 31, 2020 and January 12, 2021 in full satisfaction of the Remainder Portion of the Leonite debt.

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Labrys Fund LP is buying 100,000,000 GRST shares

https://www.otcmarkets.com/stock/GRST/news/story?e&id=1763638

Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”) filed a comprehensive 8-K today summarizing all previously announced debt settlements and new financings entered since May 15, 2020. This filing will be used as a reference for the upcoming Regulation A filing. The previously announced term sheet for a new financing with Labrys Fund LP was concluded and the final warrants issued in conjunction with the financing were much more favorable to the Company. The final warrant was for 100,000,000 shares instead of 183,333,333 and the exercise price was $0.00205 instead of $0.0015.

8-K : https://sec.report/Document/0001721868-20-000600/

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Positive free cash flow

The Company CEO, Shawn Leon, stated, “With these two events, the Company has positively impacted cash flow over the next three months by over $325,000.00.

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The biden plan to end the opioid crisis

https://joebiden.com/opioidcrisis/

“Make effective prevention, treatment, and recovery services available to all, including through a $125 billion federal investment”
Biden knows that the most important step we can take to address substance use disorders is to ensure that Americans have access to affordable, high-quality health care, including treatment for mental illnesses and substance use disorder. That’s why Biden has a plan to build on the Affordable Care Act and achieve universal coverage. In addition, Biden will redouble efforts to ensure insurance companies stop discriminating against people with behavioral health conditions and instead provide the coverage for treatment of mental illness and substance use disorders that patients and families need

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No reverse split + No more dilution

https://insiderfinancial.com/ethema-health-grst-a-ground-floor-opportunity/180582/

No reverse split

No more dilution

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Not a cannabis play

https://insiderfinancial.com/ethema-health-grst-a-ground-floor-opportunity/180582/

The behavioral health sector (addiction treatment) hasn’t gotten a lot of coverage compared to cannabis, bitcoin and EV sectors. Ethema Health is the first pure-play opportunity that represents a ground floor opportunity in a multi-billion-dollar industry

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GRST is ready to acquire more companies

GRST already has 2 subsidiary companies but is ready to acquire more companies with funding from Form 1-A under Regulation A.

*More companies means more revenue

https://www.otcmarkets.com/stock/GRST/news/story?e&id=1763638

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FLORIDA ADDICTION TREATMENT CENTER TOUR

https://www.ariafl.com/about-addiction-recovery-institute-of-america/florida-addiction-treatment-center-tour/

https://preview.redd.it/5606k4e764h61.png?width=467&format=png&auto=webp&s=980275475d24a9c29b11aba5df75187be56a8cdd

https://preview.redd.it/fe6cn08864h61.png?width=493&format=png&auto=webp&s=107081e118f98f36845530dbee740e304769c3c5

https://preview.redd.it/sz9vedx864h61.png?width=535&format=png&auto=webp&s=a369cf8f1255b311cb155e279e6d38cdeac06038

https://preview.redd.it/tr8ocni964h61.png?width=498&format=png&auto=webp&s=96abc701de1ec3db6947d958bdca0bcdb87a5714

https://preview.redd.it/k35hwb8a64h61.png?width=508&format=png&auto=webp&s=e2148d8e80eaf855919aa9202a77ad1cd479039e

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Technical analysis

Technical analysis by ilovestock85

https://www.tradingview.com/chart/GRST/0FzvCk1E-GRST-UPDATED-ANALYSIS/

$GRST: After a successful breakout from the cup and handle formation above .003/.0042, $GRST reached highs nearing the psychological level of . 01 , and leveled off to retest the uptrend and found solid support at the breakout levels from the previous formation. We are now swinging back to retest the penny level, and when broken this time around we should see a parabolic move towards .03, many new developments including $grst going current on otc markets, aria facility receiving its license and opening its doors to patients. much more marketing is coming from the company to promote the facility and begin generating revenues.

Technical analysis by LOVE*PINK

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TLDR? : This stock is gonna explode and 1 cent/share is nothing compared to what is about to happen

P/T anywhere from 0.12 to 1$

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Credit :

Stervc https://investorshub.advfn.com/boards/profilea.aspx?user=1551

LOVE*PINK https://investorshub.advfn.com/boards/profilea.aspx?user=135840

Thank you guys for the deep DD

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I'll answer questions in the comments

Major Bitcoin Cash Event: We passed the "George Fool Line" Today and Again!

https://i.redd.it/4pi1hsmbjbh61.jpg

The future is decentralized. Bring trust back into financial markets with blockchain to prevent GME-type showdowns

4 must read articles on Defi and decentralization

https://forum.cardano.org/t/how-can-we-bring-trust-back-into-financial-markets-with-blockchain/47094

Capital markets, those where debt and equity instruments are bought and sold, underpin our global financial ecosystem. But the technology underpinning the markets themselves is fraught with inefficiencies, eroding trust. Frederik discussed some important current themes around our capital market infrastructure, focusing on how central systems of record have typically led to trust issues for all market participants.

Recent events in our financial markets have proven that trust is more important than ever, and as power has been pushed to the edges, trust-gaps in our financial infrastructure have been exposed.

https://forum.cardano.org/t/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns/46924

The recent GameStop saga 2 — a financial spectacle that was a good deal more contradictory 1 than a straight-up “David vs. Goliath” tale of Redditor retail investors 3 vs. predatory hedge funds — has sparked numerous blockchain commentators to step in to try to redirect attention to their bet 2 on a future overhaul of the financial sector.

Frederik Gregaard, CEO of the Cardano Foundation, is attempting to shift the conversation away 1 from heated arguments over the balance of forces, rules of the game, or legitimate tactics in the recent showdown between the little guys, the hedge funders, intermediaries, Robinhood and regulators.

https://panteracapital.medium.com/what-gamestop-says-about-decentralized-finance-d23f732ed81e

https://twitter.com/CaitlinLong_/status/1360246297115037697

“Free” trading apps like Robinhood aren’t free. They auction the ability to front-run their customers to the highest bidder. Hedge funds and High-Frequency Traders (HFTs) pay hundreds of millions of dollars annually to do just that. “Free” trading apps don’t work for their customers — they work for the hedge funds.

Ultimately their customers pay higher prices for their stock and receive lower prices when they sell. When the SEC charged Robinhood in December: “The order finds that Robinhood provided inferior trade prices that in aggregate deprived customers of $34.1 million even after taking into account the savings from not paying a commission.”

They got the 13th century tale backwards — robbing from the poor to give to the rich (hedge funds).

One wonders why the SEC allows that but not a bitcoin ETF. GameStop trades on only one exchange in only one country with just $67 million in average daily volume before the insanity. “Free” trading apps cutting off traders in the middle of trading sessions with no warning (fun to find out who wanted them to/forced them to cut off trading). Hedge funds paying to front-run retail investors.

Bitcoin on the other hand: Who can manipulate an asset that trades $70 BILLION a day on hundreds of exchanges in dozens of countries? Go figure.

GameStop is a colorful indicator of the tremendous desire for the decentralization of finance. Individuals are tired of centralized rent-seeking oligopolies controlling their financial lives. Tired of their value — in this case their private trade data — sold to the highest bidder.

This is the same underlying impulse in the rise of blockchain — and Decentralized Finance (DeFi) in particular. The power of the individual and open-source software over centralized for-profit companies.

There’s a very powerful new thing coming. Getting long blockchain is part of it — and a hedge against that uncertainty.

Decentralized exchanges like 1inch, 0x, Injective, Balancer, DODO, and Uniswap — are just code. They don’t front-run their customers. They don’t work for anybody.

The future is decentralized.

https://forum.cardano.org/t/censorship-on-social-media-how-blockchain-could-be-the-new-norm-for-unfiltered-communications/41855

In the age of social media, many of us have already learned to self-moderate our online communications, remaining cautious of what we say, share, and do online.

Our comments, tweets, and posts have far-reaching consequences, spanning geographic borders and transcending language barriers; and sometimes, clashing with other cultures.

Social media mishaps now frequently make headlines, especially for those in the public eye, and have prompted many to ask who—if anyone—has the ultimate authority to decide what is appropriate for us to share online?

As a result, censorship throughout online communities has become a hot topic, fiercely debated on both sides by pro-censorship advocates and defendants of free speech and net neutrality alike.

As proponents of decentralized technology, the worldwide blockchain community has a unique opportunity to help steer this narrative. Here, we explore whether blockchain really holds the potential to transform online communications, and we discover some of the deeper implications of total freedom of speech via decentralized platforms.

So Nicehash pretty much rents out our GPU, wouldn't this effect taxes?

So I just started using Nicehash and was curious about taxes for next year.

I've seen lots of posts about taxes and that when you mine a coin that is a taxable event. Also when you sell it that is a second taxable event.

However, since Nicehash is only paying us for our GPU horsepower, we aren't actually mining the actual coin. We are pretty much just being paid for virtually renting our equipment, we are just being paid in Bitcoin.

So would Nicehash taxes be different than if we were actually mining the coins ourselves?

Ampleforth is a primitive. What does that mean?

Well, Ampleforth is not created to be used inside some specific ecosystem or pool (most cryptocurrency), it acts more like Bitcoin or Ethereum. It wants to be a base currency - a currency that is not correlated with the price movements of any of the other cryptocurrencies.

When Satoshi envisioned a ‘peer-to-peer electronic cash’ he seems to have not considered the implications of giving Bitcoin a fixed supply - you have probably heard before, that “there will only ever be 21 million Bitcoin” - this makes Bitcoin valuable, and unfortunately, it also makes it’s price very volatile, since people use it as digital gold. People hoard Bitcoin, because it’s deflationary nature incentivizes them to do so. One year, one BTC might be 10k - the next, 15k. Because of this Bitcoin is not a good medium of exchange either, and it is not a good financial vehicle to be used as collateral. In other words, it is not the “electronic cash” that Satoshi was trying to create. He even said in a forum post, that if there was some way his protocol could know data from the outside world, he could have made a better currency, by dynamically adjust the quantities of it.

Well, now we have a solution to this “getting data” problem - oracles.

Ampleforth is a currency that is trying to be the ‘electronic cash’ that Satoshi was trying to create. How is Ampleforth trying to achieve this? The main thing that makes the AMPL different, is that its supply is elastic. This means, that the price of the currency has a target zone which it is always trying to be inside - and it will adjust the distribution of it’s supply to get there.

The target zone is between 0.96 - 1.06 2019 USD (This value is CPI adjusted and gotten with an oracle - and will also climb higher over time, as the current year dollar devaluates relatively to the 2019 dollar).

To get to this target zone, every 24 hours, Ampleforth undergoes a “Rebase” event, where the entire supply of the currency is readjusted and redistributed. This means, that if the AMPL has had a 24 hour avg. price, higher than 1.06 - the currency is inflated, and everyone gets more AMPL. If the avg. price is under 0.96, the currency is deflated - and everyone has less AMPL. Both of these types of adjustments move the price towards it’s target zone by doing this. By making the currency less or more scarce, depending on the demand of it.

This is genius! Because of this mechanism, you now have a currency - that at a high market cap - will always have a stable price at around 1 USD, that cannot be inflated. Imagine if the US Fed prints a couple of trillion dollars today - and you hold USD. Well, now your USD is worth less, because there is more of it in circulation. If the USD worked like Ampleforth, then part of those trillions of dollars would be deposited straight into your account to reflect, that you own a certain percentage of the USD - and since there is now more of it in existence, you get more, so that your ownership percentage of the network isn’t diminished.

This is great. Because of this - and because the opposite happens when the price falls under a dollar - we now have a currency that is neither inflationary or deflationary - it is both! And at a stable price, when the market cap finds its supply/demand equilibrium.

This effectively means, that Ampleforth now becomes a currency with units that aren’t as volatile as the BTC - you are not incentivized to hoard them - the value of a single unit is relatively fixed.

Here, we now have a currency that has managed to move its volatility into its supply - and therefore it can be used as collateral in DeFi applications - and eventually, we can perhaps even use it as a base medium of exchange, like the USD. The AMPL is the next step in the natural evolution of money.

Just note, that the price of AMPL is supposed to be volatile right now, because it hasn’t found its supply/demand equilibrium yet. If you throw money into this now as a speculative investment, you are essentially betting that the market cap will be higher (it has to be, for it to work) and you will reap the rewards because you will own a percentage of the network on the way towards this MC appreciation - you will be distributed more AMPL, if the MC grows.

Lost btc usa taxes help :(

Hi everyone so i think im in a big mess. ive been into bitcoin since 2017 buying most of the time and ive never reporting anything on my taxes since ive been holding since 2017. after moving a couple of times i lost the usb with wallet information and no sign of the notebook i had my seed in either. Fast forward to today and my un smart ass dicided to start buying coins once again but this time switching btc to alt coins which is a taxable event in the usa. Alot of videos talk about getting taxed from the old coin to the conversion to alt coin . Im a basically screwed out since the price of btc is drastically different from 2017 :( and i dont have funds to back me up if the irs thinks i still have a hold of that old coin from 2017. Im honesty lossing my head here the closer i get to wanting to file my taxes and i im basically lost at this point. Am i able to just tax the gains/losses of the coins i started using now ?

Strateg are known, time now

So we all know strategies - what to do when the bear market comes. But are there any strategies to know WHEN. Early signs of some sort? I know how to search for patterns in past events but how to act with “educated guess” when looking at my own money and future - this is totally different animal ;) Not talking about Bitcoin/etherum- hodl is the best here. But what if I try to get some advantage on the current bull market and just retreat to burcoin when the time comes - what will be the early signs?

4 days from a year.

Well, I was going to try to wait for Wednesday, but that will be the middle of the week and I just may not have the time. But I'm just a few days short of one year off of dope. Holy fuck. It's unbelievable.

My top dose was 140MG and I'm at 52 RN, doing -2 a week, with my next pause at 50mg. My pauses last as long as I feel is necessary, usually about 2 months. But then the taper continues at 2mg a week for 10 to 20mg.

Starting when I was 18, (I had done opiate pills younger since like 15 but I never really cared for them) I tried dope for my first time. For about a year I wouldn't even think about it, but I would do it when it was around. Then ofcourse after some time I was finding myself hoping it would be coming around. That graduated to I can do it myself every once in a while. That lasted so long I remember my dealer at the times girlfriend would be such a bitch to me because she asked me about being dopesick and I was like wtf is dopesick.

Even after that "wtf is dopesick" incident it wasn't until about 8 or 9 months after that that I was like eh ima take a few days, go to my girlfriend (at the times) college and hang with her this week. Well needless to say the next day I was "running back to town to get somthing". That's when I knew fuck there's more to this.

I wish drugs were actually taught in school. For me they covered weed cigarettes alcohol and coke and heroin and lsd all in one saying each one had the same outcome. And obviously when none of them do why should dope? I do blame myself but wish there were proper education on it.

Anyhow I went from bad to worse, stealing and in and out of court and rehab.

Eventually I somehow someway landed myself a part time job. And then got on the clinic.

These two things for a while turned me into a functioning addict. My part time job soon wasn't enough, and I turned to starting a business for no other reason then to fund my dope habit.

I borrowed some money from my dad (only 2k) and actually was able to do good business, pay him back quickly, and afford more dope. And from there I met a new dealer, it was much cheaper, and at the peak he needed me to do some stuff for him in exchange for dope, At what he claimed was his price. My God. I went from 80 to 100 a G to 30 and 25 a G.

I couldn't talk myself into quitting. I could feel myself becoming more dependant, unhealthier, and just sick. More sick. But its 50 to 75% off now, last year's me would kick my ass for blowing this deal.

Finally I realized that I had to quit or I was going to die. I was a monster. I wasn't stealing anymore, and was able to hide things better from family, and yet things got worse.

Well somehow on February 17 of last year I was on my way to get a bag at Walmart. I got that bag and went home and did that bay. And february 17th was my last bag. I told myself like I had 100x before this is my last bag. And somehow I did it.

I recall then and still recall all the time hearing a lifelong addict say "I will allow myself to do dope for the rest of my life, but I will force myself to take one year off and see how I feel then" I don't know if he did it or not. But my thinking then was I could atleast do a week or two.

Well I recall standing in line at the clinic on day 11 of no dope. I had thought to myself "over these last 11 days I've gained a lifetime of knowledge and experience" Or atleast I felt that way.

Within the first month of stopping use, I started to see what I was spending on dope building up for myself. I've posted about this here before on throwaway during my 3 month 4 month etc. That my dope spending were piling up insanely. For someone like me it was insane anyway.

I switched over to full time work at my job about 1 or 2 weeks before that Feb. 17 decision. And got a pay raise. And since then have gotten a hosting engineers license and another pay raise.

My business that was built to fund dope is now not funding dope, and I effectively doubled my pay by doubling my hours, and since have gotten 2 raises. One for switching full time. One for getting licensed.

Now just on my job I'm making more than I could have imagined I would when I was just part time, never mind the business.

At first I traded in my truck and got a new kia, nothing special but it's new and not a pos like my truck was. But lately I've been able to reinvest the business proceeds into the business, and it's paying my personal expenses.

My pay checks pay my car and bills and build up besides that. And I'm free to invest the rest of it.

Some of the investments I've been free to make since quitting dope:

Silver bullion - purchased mucho silver in March of last year. Pretty much all the money I had saved not buying dope for the last half of Feb and first half of March. The lowest point was the high 11 dollar zone with premiums about 15 bucks an oz on bars and 18 on coins.

UAVS- this was a rocketship for me. Took it off my buddy Kevin's advice

Bitcoin/XLM/algorand and other crypto- XLM and BTC are my oldest bets, with other crypto being more recent

Last year guys in January, I had less than 5000 dollars total between everything. Way less. Including the 2g my dad let me borrow.

At my last tally, my net was 43K, not including the Kia because it's not paid off and idk how people would count that so i just didn't, but if you do count it,, since ice been driving it let's say 56 or 57k total. It's a 2020 Rio 5.

NONE OF THIS would be possible without methadone, and hard work. None. I tried rehab, I tried subs, it didn't work for me. I hate being chained up in rehab. I want to be free to be doing somthing, to make a deal or go to work, I cannot sit around and be sick in rehab. Methadone was a saving grace for the person I am at my core.

Even tho it took over two years after I started the clinic to stop using, Methadone was a huge catalyst in the chain of events that is my life going forward.

I am 24 years old, and what I have today, just a year ago I would have thought was a light year, a solar system away from me.

I have no doubts that I will crush my goals, I will eventually be off of Methadone slow and steady at my clinics recommended pace. They gave me the pace I'm at. I have no doubts I will be a millionaire one day.

Becoming something like that isint even impossible, but what I truly in the deepest pits of my heart did believe was impossible, I've conquered. Nothing is impossible. There truly was a time where I was resigned to doing dope for the rest of my life. No more.

I couldn't picture going back. I don't know when it happend, I know early in I would see saw with the thoughts, but by the end I would say to myself "doing that us giving up everything you have built in such a short period of time, imagine what you will have if you stay strong".

I'm sorry if I sound like I am bragging or whatever but to be honest, when you beat odds like stopping dope use, brag about it, you deserve it. None of this would be possible if I were on dope. None of this possible without METHADONE.

Thank you methadone.

The bullish case of GET protocol

First of all, here's a little into onto what GET protocol is:The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.GET has managed to atract a lot of adoption for its services (over 550k tickets sold). The ticketing companies using it (currently in The Netherlands, South Korea, Germany and Italy) see the advantages smart, blockchain registered tickets offer. Not only does it end scalping & fraud but smart tickets allow the event organisers to communicate with the ticket holder, give insight to real time data, merge the primary and secondary market, … and so much more!A flyer explaining the basics of GET protocolEventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.https://ift.tt/3tZdhwa is this possible?It's possibly because ticketeers recognize the advantages of smart tickets. Once big events are a thing again (hopefuly this year) scalping will become important again (which GET elminates) but for 2020 the main selling point was:- Crowd control- Interaction with the ticket holders- Paperless tickets scanning & payment- ...This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.Looking aheadIf GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it's safe to assume that they'll sell over 3 million tickets once everything is allowed again (2022 most likely).Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you'll understand that we'll be seeing millions of tickets processed by the GET protocol.With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.Tokenomics & usage to push the priceThe GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.I'm willing to bet that we'll see at least 5 million tickets in 2022:5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.As of this month all tickets issued by the GET protocol will become NFT'sOver 60.000 sold tickets (that haven't ben scanned yet for the event) will be minted as NFT's this month. This means that tickets, after scanning can become collectables. But so much more:Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.https://ift.tt/2ZcAH2C are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.P2P ticket tradingNFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:The ticket can be sold for only x% profitx% of the trade profit goes to the event organizera certain trading fee goes to the event organizer…This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.Why this is importantThe advantage for GET holders is twofold:The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)every ticket exchanged in the secondary market is an additional statechange (= more GET needed)Event financingWithout a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).This is how it will work:https://ift.tt/2ZhxCyg the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ fromThe advantage event financing for GET token holders will bring is again twofold:As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).For a deeper insight I recommend the blog below:https://ift.tt/3tUhi4T

Submitted by Adnanzzz

via /r/CryptoCurrencies

What Tesla Needs To Win The Self-Driving Market - Microvision ?

https://medium.com/shattereen-media/what-tesla-needs-to-win-the-self-driving-market-ad1509722fab

Derick David

This small tech company just announced a new Lidar technology that could be considered the best in the market.

https://preview.redd.it/issvp60ir9h61.png?width=1000&format=png&auto=webp&s=52986e45787fa506fcd899b3e30b027823df6968

Companies working on self-driving cars now use Lidar technology.

Uber, Apple, Waymo, and Toyota all use it, but not Tesla.

Elon Musk even said,

“LIDAR is a fool’s errand… and anyone relying on LIDAR is doomed.”

Elon isn’t a big fan of Lidar, but if Tesla wants to win the ever-growing self-driving market, they need to combine the best of both worlds.

Lidar and Vision.

Or else it could be game over.

Rising above the mainstream

Microvision, a small tech company based off in Washington has 750+ patents on technologies on Lidar, display technology, and augmented reality. The company could skyrocket in the next few years, due to the increasing importance and relevance of Lidar, self-driving, and display technologies.

https://preview.redd.it/cslmo1umr9h61.png?width=500&format=png&auto=webp&s=88aca5445386036484e24b46fdf5907b5dff8fc3

However, the Washington-based company is yet to rise from the underground.

Microvision as a type of Bitcoin in the 2010s. Back then, only true believers and radical technologists saw Bitcoin’s future potential and the same applies to Microvision.

There is a massive potential for the company’s products which include, intellectual property, and applications, and markets they will serve through it. There’s also a recent upward trend for technologies like Lidar and self-driving cars which is why Microvision has been gaining quite some attention recently.

Here’s who or what Microvision might benefit with their technology now and in the future:

-Microsoft Hololens-Apple Glasses-Apple Car-Tesla or other EV companies-AR and VR devices or companies

The first three alone should leave you in awe. These are the future of consumer tech and Microvision has patents to key technologies into these devices.

Microsoft Hololens is using their tech already, while the highly rumored Apple Car is unclear, but could take advantage of their Lidar tech rather than developing their own.

But here’s another take.

Recent development

In the light of recent events, Microvision announced the news on the development of its groundbreaking Lidar tech. The mentioned tech is said to be better than most Lidar technologies currently available in the market.

This news just completely upgraded the company’s playing field. It’s a game-changer for them.

The company’s CEO, Sumit Sharma also emphasized that this recent development will put Microvision in a strategic position for market advantage.

If what the company says is right, Microvision holds ownership to a Lidar technology that could be the key solution to Tesla, as MicroVision claims its Lidar sensors are some of the best, most scalable products in the industry.

Tesla as we know isn’t a big fan of Lidar, however, researchers and scientists say that Elon Musk will need to combine the best of both worlds. Tesla vehicles were also reportedly seen testing Lidar devices from Luminar.

Again, if what Microvision says is right and according to plan, their Lidar could be better than Luminar’s.

As we know already, the company has opened the market for bidders and could be bought-out relatively soon or be in partnership with a big corporation like Microsoft, Apple, Amazon, or Tesla.

if Tesla doesn’t get into agreement with Microvision, someone else will. When that happens, that company will have a more advanced self-driving tech than Tesla, which could easily put them ahead of the game.

Company’s other verticals:

Microsoft (Hololens, Xbox)
Government (Military. Ex. VR &AR)
Apple (Glasses and Car?)
Tesla (Lidar?)

Big players. Also, take note that their technologies are also geared toward future technologies. Also to mention that Microsoft also has a US government contract to supply the military with modified Hololens 2s called IVIS which are purposely modified and geared toward military operations.

Military
Surveillance
Alternate Reality

If we follow the saying,

“Follow where the money is going”,

Microvision is the holy grail of next-gen consumer technologies.

Now speaking about the stock market, GameStop was great, AMC is good. Now that we’ve come to see our true power come into play, why don’t we talk about a company that actually deserves a higher share price and valuation?

For GME and AMC, it will be harder for them to recover from the pandemic due to their business models and services as they are a high-risk investment with basically no signs of future existence.

But Microvision is different.

The company’s share price currently stands at $18.30 and it is a no-brainer for any given investors given the strength of the patent portfolio this company has. We could see an easy $100 or more in the next 2 years, maybe sooner. But if we can invoke our powers to make this happen sooner, then we should.

Because if there is one company that deserves to reach the same level GameStop has achieved, it’s Microvision.

What to look forward

Automotive LIDAR — ready for testing in April
Consumer LIDAR — ready to be commercialized
AR Micro-Display — to be used for Microsoft Hololens 2 (Edit by me : It's being already used in Hololens 2 and possibly in Army IVAS soon)
Interactive Display — also ready to be commercialized

Sources:

The bullish case for GET protocol

First of all, here's a little into onto what GET protocol is:

The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.

GET has managed to atract a lot of adoption for its services (over 550k tickets sold). The ticketing companies using it (currently in The Netherlands, South Korea, Germany and Italy) see the advantages smart, blockchain registered tickets offer. Not only does it end scalping & fraud but smart tickets allow the event organisers to communicate with the ticket holder, give insight to real time data, merge the primary and secondary market, … and so much more!

https://preview.redd.it/1jzqp3zpr9h61.jpg?width=1280&format=pjpg&auto=webp&s=4f51ca1442e03094de4f596fd4e08e12d0a3b9a1

Eventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.

But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:

In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.

https://preview.redd.it/nb2oxzcrr9h61.png?width=691&format=png&auto=webp&s=e3f02265cd776bbd60de0b28e12fc98adb318269

How is this possible?

It's possibly because ticketeers recognize the advantages of smart tickets. Once big events are a thing again (hopefuly this year) scalping will become important again (which GET elminates) but for 2020 the main selling point was:

- Crowd control

- Interaction with the ticket holders

- Paperless tickets scanning & payment

- ...

This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.

Looking ahead

If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it's safe to assume that they'll sell over 3 million tickets once everything is allowed again (2022 most likely).

Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you'll understand that we'll be seeing millions of tickets processed by the GET protocol.

With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.

Tokenomics & usage to push the price

The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.

I'm willing to bet that we'll see at least 5 million tickets in 2022:

5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $

You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.

If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).

Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.

As of this month all tickets issued by the GET protocol will become NFT's

Over 60.000 sold tickets (that haven't ben scanned yet for the event) will be minted as NFT's this month. This means that tickets, after scanning can become collectables. But so much more:

Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.

After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…

So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.

https://preview.redd.it/b51nax0tr9h61.png?width=700&format=png&auto=webp&s=f910771bfc6aabfa3d2e22cffb8af56bb5a006ee

getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.

Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:

As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.

P2P ticket tradingNFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:

The ticket can be sold for only x% profit
x% of the trade profit goes to the event organizer
a certain trading fee goes to the event organizer
…

This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.

Why this is important

The advantage for GET holders is twofold:

The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)
every ticket exchanged in the secondary market is an additional statechange (= more GET needed)

Event financingWithout a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!

The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.

Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).

This is how it will work:

https://preview.redd.it/diqv6hlur9h61.png?width=700&format=png&auto=webp&s=31f1cce9737746282c0d54d6488dcb600ac995b9

If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from

The advantage event financing for GET token holders will bring is again twofold:

As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).

For a deeper insight I recommend the blog below:

https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5

Hypothetical question on Crypto and Tax.

Disclaimer: Based in the UK but new to the crypto game and I just had a random thought that popped in my head since the value of BC is so high now. Hypothetically, let's say I bought a full bitcoin and spent £40k on it today, and then in 5 years time, sold it for £45k and subsequently lost the record of the transaction because the exchange went bust or whatever, would HMRC/Tax center presume that I bought the coin for it's "starting price" and therefore the full amount would be considered profit? and then tax 20-40% on it or whatever? Essentially making me bankrupt in the process?

I am new to the crypo game, and with the amount of exchanges etc that go bust etc, I want to protect myself for the future in the event any coins I get are valuable. I certainly don't want to LOSE money after selling my coins for whatever reason and then being in financial hardship.

The bullish case of GET protocol

First of all, here's a little into onto what GET protocol is:

The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.

A flyer explaining the basics of GET protocol

Eventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.

But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:

In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.

https://preview.redd.it/vfx90o5cs9h61.png?width=691&format=png&auto=webp&s=83c113e8d069556c10e35d4b0c39ca4576a9f6cd

How is this possible?

- Crowd control

- Interaction with the ticket holders

- Paperless tickets scanning & payment

- ...

This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.

Looking ahead

With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.

Tokenomics & usage to push the price

I'm willing to bet that we'll see at least 5 million tickets in 2022:

5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $

You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.

If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).

Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.

As of this month all tickets issued by the GET protocol will become NFT's

Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.

https://preview.redd.it/bd16hh1es9h61.png?width=700&format=png&auto=webp&s=be2cbac4fe9436804018e0b78c513d5ee536bb0a

getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.

The ticket can be sold for only x% profit
x% of the trade profit goes to the event organizer
a certain trading fee goes to the event organizer
…

Why this is important

The advantage for GET holders is twofold:

The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)
every ticket exchanged in the secondary market is an additional statechange (= more GET needed)

The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.

Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).

This is how it will work:

https://preview.redd.it/yeb8krqfs9h61.png?width=700&format=png&auto=webp&s=7bb8138b3165c53599963b3f45113a27c57997e5

The advantage event financing for GET token holders will bring is again twofold:

As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).

For a deeper insight I recommend the blog below:

https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5

The Case for Litecoin (Discussion)

Sharing thoughts just to discuss and get other perspectives.

TL;DR: LTC coexists with BTC peacefully because it’s an integral part of BTC that actually has a central figure with no financial conflicts of interest

Although most people outside of this sub seem to down litecoin because of this, the biggest case for litecoin is its tie to bitcoin. Imo if bitcoin does indeed become a true store of value, what’s the quickest / cheapest way to transfer it? i see three options

1) Atomic Swaps from BTC to LTC (which may or may not necessarily be a taxable event?)

2) Going through an exchange (decentralized or otherwise)

3) going directly through bitcoin

Of these options, #1 seems to make the most sense, particularly with smaller transactions. Litecoin also becomes the preferred path because it’s quicker, more confidential (with MW) and cheaper.

Of course there are other coins that have cheaper and quicker transactions, BUT back to the logic above - only litecoin has the same kind of direct access to bitcoin (wrapped variants are subject to network fees if i’m not mistaken - ie bitcoin being on ethereum still has gas fees and is more complex than btc to ltc).

So given LTCs proximity to BTC, a developer team that has a willingness to continue working and improving the network + a figurehead in Charlie, i really do believe litecoin is just as inevitable as bitcoin.

What are your thoughts + biggest concerns about ltc?

Bitcoin event at $10k

https://in.tradingview.com/chart/BTCUSD/jjWxvHP8-Bitcoin-hits-fresh-all-time-high-how-long-will-it-sustain/

a year ago today, i bought my first bitcoin...

and ethereum. and i've been hodling it ever since.

i was a middle-income student, with barely enough funds to spare for investments after i pay my school fees. i remember running into a trader in the school cafeteria, and inviting him into my room to get me started. he advised me that with each halving, the supply of bitcoin would get less and less, so it was better for me to buy as soon as possible. he told me that the price of bitcoin could never go down again. i just had ~$400 in my bank account, and i was testing the waters, so i put around ~$26 each in ethereum and bitcoin. i remember looking at my wallet, smiling to myself as i embarked on this new adventure. mother warned me against cryptocurrency a few weeks before. i hoped to prove her wrong. i did my research, weighed my options and hoped for the best.

then march 12 came along.

i had a few movies to watch, so i stayed up all night binging them. google sent me a news alert about "bitcoin." i couldn't believe it. panicking, i opened my wallet. it had lost 30% of its value. in complete denial, i ran to twitter. "bitcoin," "alts" and "cryptocurrency" was trending. it looked like the guy named peter schiff was right. it looked like i was experiencing what was known as a "black swan event." it looked like the values of all cryptocurrency the world over were plummeting on value. my heart sank. i was going between twitter and my wallet, trying to make some sense of what was happening. by the time morning came along, i had lost 60% of my portfolio. i was devastated.

i cursed the day i met that dude. i went up to my friends' to complain to them how i had just lost a lot of money because i was too trusting. at this point, i remember vividly one of them telling me, "why don't you just buy more? it'll still come back up." i thought about it, and remembered my heartache from the night before. i brushed his suggestion aside. sigh

the day came and went. the prices of ethereum and bitcoin were climbing little by little, but just not enough to give me any positive outlook. day in, day out, i'd check my wallet to see if a miracle had happened. no miracle happened. after a while, i had tests, and i put the whole debacle at the back of my mind.

then came the promised "halving." i waited eagerly for some good news from that glorious bitcoin hedge against hyperinflation. then it went. the price hardly budged. i was seething. i wanted to empty my wallet right there, but i think mother called me, so i perished the thought. ironic, isn't it?

after a few weeks, my whole outlook on cryptocurrency started becoming a bit more optimistic after i got to know that there was more to crypto then hodling. a trader friend of my friend (yeah, yeah) got in touch, and one thing led to another and i put the equivalent of ~$20 into litecoin. again, i was expecting it to rise, like it's big brothers ether and bitcoin, but the price stubbornly plateaued. again, i was frustrated at said friend, but i held on.

after a while, my portfolio doubled. that's good.

then i bought some tron through a smart contract. bust of the century, ladies and gentlemen, classic example of fomo. i bought the pump. that was not good.

then ether trippled. that's good.

then december came. then january came.

the price of cryptos all over was skyrocketing. eth ath. btc ath. ltc ath. said friend who introduced me to litecoin's dad for into a car accident at new year's eve. i just felt like, man you opened my eyes, let me help you take care of your dad. things were good.

today is february 13, 2021, marking an entire year since i got into the cryptocurrency space. my btc portfolio, at the time of writing, has increased 483%, ether 734%. i do not regret buying btc and eth. i regret not listening to that guy who suggested i buy more during the march crash. i do not regret buying ltc, which, today has grown 225% year over year. i regret not buying any more btc, eth, and ltc at any time last year. all in all, i can boldly say that i am glad i hedl (?). today, i own quite the diverse bag, from low cap alts to tokens, and i do not regret it. i am a proud cryptocurrency hodler. thanks ma. bitcoin isn't bad, and i love you. stay safe guys.

all figures mentioned are the dollar equivalents of my local currency at the time of writing, accounting for inflation. ʰᵒᵖᵉ ᶦ ᶠˡᵃᶦʳᵉᵈ ᵗʰᶦˢ ᶜᵒʳʳᵉᶜᵗˡʸ

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