Hello All I am back with some facts to racks -Using options to generate alpha while managing inflationary risks.

Idea: How to manage reflationary risk using options.

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Calls: SBSWApril162021 @ $17.50

Puts: IEFMarch192021 @ $118.50

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I have already made posts and videos about the merits of both positions, but from a broader perspective, I wanted to point out the FX and inflation components.

-Differences between 2 country’s real rates + Real rate differentials (a country’s 2 year rate minus core inflation rate) has been number 1 driver of G20 country currencies over past decade.

-Right now US has a real rate of MINUS 230 bps – unlike 2016 post election period when BOTH inflation rates and 2 year treasury rates moved up – post 2020 election inflation has been ripping.

-BUT US 2 rates have actually gone down a bit AND they started at a much lower level around 15 bps vs 80 bps starting level in Nov 2016.

-Food prices and housing have been rising rapidly, along with many goods in CPI basket that have gone up in price but are not represented in the basket.

-The demand for physical metals is very high, and going higher from the electrification plans to the hydrogen economy, as well as current demand for catalytic converters will allows for a smooth transitions for PGM demand.

-The demand for 10-year bonds will drop with inflation, and gold and other metals will replace many fiat holdings.

-Bitcoin and other digital currencies will suck away capital from IEF and similar ETFs.

-Debt free and cash rich mining company gives a better cushion and returns vs just gold.

-In the event equities drop, gold revenues will prevent majors drops to SBSW.

-Strong macro tailwinds to support positions.

In order to avoid overloading people with information I will include the link to my videos/posts on IEF and SBSW.

[ Bitcoin ] An extinction level event for banks. A transfer of wealth to a whole new group of people. Pump it Up. Shout out Dan Peña.

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by _Skimzy [link]

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Why Blockchain?

You may be wondering about why decentralization (and the use of blockchain to do this) is important and why blockchain matters. I did. I pretty much thought that since companies provided what I needed via a centralized product, I was fine, I didn't need decentralization.

One note to think about through this is that blockchain represents decentralization. No single government or business entity controls the product. It's out there, on a public ledger, and controlled by its users. If you think about it, that's a very deep thought.

Even though I was a privacy advocate for most of my adult life, I didn't walk the talk. My privacy advocacy was against government, not big corporations. I let Google control everything (and Facebook) - email (how I communicated), calendar (how I scheduled my events), YouTube (what I watched), analytics (what websites I visited and how they tracked me), Facebook (what I read and consumed) and I'm sure there is much more I am not thinking about that they knew about me. And then there is Twitter and Instagram and TikTok and every social media site and on and on and on.

If you ever watched the "The Social Dilemma", you would know that if you don't know what the product is that they are selling, it is you. It just so happens it is big moneyed corporations doing this and not an overly intrusive government. I would argue that they are both just as bad.

In my mind, decentralization protects against both entities whether you are aware of it being a problem or not. Using crypto currency protects against the evils of fiat currency (the mighty US Dollar) where the government prints money ad infinitum with no restraint and no worry that inflation will rear its ugly head and bite us. The dollar has not historically held its value. It has been on a downward trend in value. It has been manipulated by government bureaucracy, elected officials, niche lobbyists wanting to protect their clients and industries, etc,,, Oh yeah, don't forget the banks that "are too big to fail", They play a role here also.

Crypto currency on the other hand is purely market driven. Its value is based on scarcity economics (and sometimes by limited pump and dump schemes), not manipulation by the Fed and big business interests (which could also be argued to be pump and dump schemes - just legalized). Crypto value is driven by what other people value it to be worth. As of this writing on February 19, 2021, Bitcoin is at $56,075.47. Damn. In 24 hours, its low was $50,998.71. That's a 10% swing in valuation in 24 hours. About one year ago, it was worth about $9,000. That was not due to government intervention manipulating the price through interest rate manipulation and printing more currency. It was due to what people would pay for the coin. Then in September 2020, Bitcoin started skyrocketing in value to where it is today. And that is based on the value that people (decentralized by the way) who have bought into Bitcoin determining what its value is, not a centralized government determining its value. The Bitcoin blockchain just happens to be the way to track all the buys and sells of the coin to create trust in it. You aren't going to find counterfeit Bitcoin on the blockchain.

Using decentralized blockchain technology protects you from the intrusiveness of big business using you as the product to pad their bottom line. If you are using a free product, you are also the product. Nothing is free. You are giving something to Google or Yahoo or Facebook or whomever to get that free email account, that free video, that Like from a friend. While the service provided may work really well and is embedded very tightly with all the free tools, you are giving up your privacy in return. This matters.

Sadly, in the US, we've been taught (or indoctrinated) since the 1940's through federal mandated education standards that the herd is what matters, that the individual is overrated. This is counter to how the country was founded. The individual was cherished. The individual provided insight and ideas that were outside and contrary to the herd mentality. This individuality gave strength through diversity to the herd.

Blockchain provides individualism through decentralization. It allows the individual to use products that are every way as good as free ones but allows you to be an anonymous user - without assuming that you are out for bad and nefarious intent. And you may have to pay for it using an altcoin such as Genaro (look it up). Anonymous does not mean that you are out to destabilize the government. It doesn't mean you want anarchy. I would also argue that the VAST majority of people aren't out to do wrong to another or have evil intent. They are just trying to get through their day to put food on the table, a roof over their head and support their family, and hang out on the 'net. What's wrong with that?

In the coming weeks, I will give real-life examples of practical uses of blockchain. Some will be everyday solutions of decentralized email and storage, but others will be financial from instantaneous banking (sending money around the world in seconds without the middlemen taking a bite), and trading crypto currencies (remember that value is what someone will pay for a product), to NFT (non-fungible transactions) where people are buying and selling one of a kind digital artwork. If you can imagine it, it will be done on blockchain.

See you soon,

DougM - altcoinmashup.com

I thought you all wanted a hardcore survival simulation? This is what IRL survival looks like. (Tarkov and Psychology)

Well, this is what hardcore survival in a game and IRL can look like. The people with all the time and power they gained, before you got yours, get to sit on top.

The bitcoin and fuel issues have only shown some of you what it's like to live below the poverty line IRL. Seeing everyone else have what you feel like you should be able to get too. But they got there first and with more resources than you, leaving you with nothing but the hard way to get what you need. Pay more or survive better somehow. Sucks doesnt it?

Psychologically, I know this experience for some people is truly frustrating. You've never really been in the position to not access what you wanted when you wanted. It's kind of cool how IRL experiences weave into how people play and react to changes in Tarkov. But as someone who spent a significant part of their life below the poverty line, this has to be the most interesting series of events in a video game I've seen in a while. This game has a way of showing you your mental weaknesses. Because at the end of the day, it is all mostly mental how you deal with bitcoin and fuel shortages in Tarkov.

Some people, usually the ones who have "had" things all their life, keep saying it's not a big deal, git gud, hatchet run interchange. Completley missing the point that a true economy does not make you resort to a handful of tactics to exist within it. Capitalism is what you're basing your economic experiences on. That's already a shitty thing in and of itself, why base your video game experience around it as well?

And I do mean exist, not flourish or have abundance. Some people play this like a hardcore survival sim and just want to power the hideout for a shorter med craft time. Not everyone is chasing bitcoins.

BSG has managed to create anguish, frustration, and chaos by manipulating one of the most fundamental aspects of the game and humanity. Energy, one of the basic tenets of modern day survival.

So, what does one do in the current state of Tarkov?

Do you stop surviving because "the world" has made it harder for you? Because let me tell you, "the world" will never stop making it harder. Unless you've always been on easy street. I assume then my words don't apply to you.

I wish you all the best in your future raids.

CleanSpark DD

Copy forwarding the DD of ntidwell98 CleanSpark, The Future of Energy Management $CLSK ---- Bitcoin, Solar, EV, Green Energy

What is CleanSpark?

CLSK provides advanced energy software and control technology that allows energy users to obtain resiliency and economic optimization. The software is uniquely capable of enabling a microgrid to be scaled to the user's specific needs and can be widely implemented across residential, commercial, industrial, military, agricultural and municipal deployments. What is a Microgrid?

A localized group of electricity sources and storage batteries that normally operate connected to the traditional grid. A microgrid can also disconnect to “island” away from the traditional grid as economic or physical conditions dictate. CleanSpark’s software models and directs the microgrid’s operations. THE ONLY THING CERTAIN ABOUT THE UTILITY GRID IS THAT IT WILL FAIL. The events that took place in Texas recently are a prime example. CleanSpark’s proprietary solution helps large power users and residents sustainably lower costs by actively managing their generation, storage and load. Microgrid - Combining Solar and Storage mVSO

mVSO interface mVSO delivers flexible system optimization using advanced programming and big data principles to provide the ideal mix of distributed energy benefits customers care about: Cost Savings / Revenue Generation Energy Security / Resiliency Sustainability / GHG Reduction Outputs are your customized guide to maximizing your energy projects ROI. State-of-the art data analytics account for real costs, precise utility rate models, equipment performance, actual energy consumption and outlines what type of energy resources are to be built, what it will cost, and how it will perform once deployed. Regardless of your location or your utility rate, mVSO will deliver the optimal configuration of Solar PV, and Energy Storage to meet your objectives. The results are game changing for: Commercial and Industrial Campuses Retail Shopping Center Multi-Family Developments Neighborhoods Communities ​

mPulse CleanSpark's Distributed Energy Resource Management Software Solution

mPulse is a technology agnostic energy management and supervisory control software platform that is capable of managing a wide array of energy assets including Solar, Wind, Generators, Building Management and Energy Storage solutions to deliver the lowest cost energy with the highest level of resiliency. It includes the capability of forecasting energy consumption and weather data utilizing its Patented Forecasting solution. Analysis of the system's available resources and the user's needs determines how to manage the immediate and future energy needs. mPulse leverages standard communication protocols and interfaces such as Modbus RTU&TCP, DNP3, CAN and REST to name a few. It also supports plug and play protocols such as Sunspec and also is capable of participating in Demand Response programs using ADR 2.0. The system is designed to be technology agnostic and capable of integrating with a wide array of energy resources and management systems. Cyber-physical security is built into all levels of CleanSpark’s technology. ​

Switchgear CleanSpark Critical Power Equipment

CleanSpark can provide systems utilizing a variety of operating modes to meet a wide range of single or multiple-generator applications. Single-generator applications can operate in open or closed transition modes. Multiple- generator applications can be in an isolated bus or utility paralleled modes. Utility paralleling with soft loading onsite enables customers and utility power companies to parallel generators with the utility power grid for peak shaving and demand/load-side management of electrical power. CleanSpark offers synchronizing equipment in both low and medium voltage configurations ​

CleanSpark OpenADR Solutions

CleanSpark previously acquired GridFabric, a leading provider of OpenADR implementation and certification. GridFabric’s products allow companies to implement OpenADR on their platforms and gain certification with the OpenADR alliance, faster and more cost effectively than doing it themselves. With two product lines Plaid (Client) and Canvas (Server) - which together facilitate communication between power consuming, internet connected products and utilities or load aggregators, respectively. Canvas and Plaid do not both need to be present for successful programs: both products will be able to add value individually or together in any demand response or load shifting program that implements OpenADR. Canvas: Canvas implements a Virtual Top Node (VTN), the server side of the OpenADR protocol. It is used by Grid Operators and Aggregators to administrate load shifting programs. Plaid: Plaid implements a Virtual End Node (VEN), the client side of the OpenADR protocol. It is used by controls and IoT product companies to participate in load shifting programs. Entered into the Electric Vehicle (EV) charging station market through a new initiative focused on providing OpenADR software solutions to aid in load management for EV charging stations and balancing the impact the increased power demand has on the traditional grid. CleanSpark's GridFabric Completes OpenADR Certification for EV Charging Company, KIGT ​

p2kLabs

Feb. 06, 2020 announced the acquisition of all of p2klabs, Inc. a design and innovation consulting firm that specializes in applying design, technology, and business process methodologies to create intuitive digital experiences and journeys that help transform and grow businesses. ​

Case Studies

Rams Hill Client: Rams Hill Golf Club Location: Borrego Springs, California Completion: 2015 CleanSpark designed a behind-the-meter 12 kV scalable microgrid for customer savings. The infrastructure enables true plug and play capibility for future distributed energy resource deployment. Camp Pendleton Client: Camp Pendleton Location: San Diego, California Completion: 2013 Critical Power Fractal Grid (CPFD) With demand management enabled by CleanSparks mPulse software this CPFD is able to curtail non-critical energy demand in response to current or predicted conditions of the microgrid or utility grid. In addition the system can peak shave by supplying virtually instantaneous energy to cover sudden usage spikes and reduce energy costs. The grid architecture also incorporates cyber-physical security, a high value feature sought by the D.O.E. ​

Costa Rica/Tesla

Located on an industrial equipment retail facility in San Jose, Costa Rica, the project utilizes CleanSpark's patented mPulse controller to coordinate all aspects of the system and improve overall performance. The microgrid will consist of a 222-kW PV solar system, and a Tesla 111-kW/223kWh Powerpack provided by CleanSpark. The system is integrated with standby diesel generation for use in the event of a sustained power disruption. This will be one of the first Tesla battery systems deployed in Costa Rica. On Sept. 21st 2020, CLSK announced the commissioning of its software on a new solar plus storage microgrid project in Central America. CleanSpark is providing its patented mPulse controls with market-based forecasting and operation. The Company has also procured and will incorporate the Tesla (Nasdaq:TSLA) PowerPack 2 battery energy storage system which will provide 558kW/1115kWh storage. Additionally, the project's solar installation includes 480kW AC, 531kW DC of PV (photovoltaic) solar panels. This represents the second microgrid located in Costa Rica with an mPulse controller paired with a Tesla energy storage solution. ​

US Embassy

On Sept. 23rd announced that it received a contract to provide intelligent switchgear upgrades and support for a US Embassy located on the African continent. According to the agreement, CleanSpark will service the paralleling switchgear controls at the Embassy for a term of 5 years including upgrades to the equipment. Additionally, the Company will provide technical and online support to Embassy personnel. ​

mVoult

Taking Orders Spring 2021 mVoult is a smart power system that provides a single solution for resilient, reliable, and cost-effective energy for residential properties of all sizes. The systems are configured to your individual needs upon installation with flexibility for future expansion. The essential components included with the purchase of an mVoult power system include a Residential Optimized Smart Controller and Mobile App. Add-on the following Clean Energy Sources: Energy Storage (Battery), Generator, Solar Array, and more… The system is fully configurable according to your needs. You can start small and expand the modular system without significant design changes as your goals or requirements grow. mVoult can be integrated with a brand new or existing system including Solar, Wind, Generators, and Energy Storage solutions to deliver the lowest cost energy with the highest level of resiliency. Track your mVoult power supply and cost savings with our mobile App which is included with the system. An easy to understand dashboard gives insight into the system through multiple features such as energy usage, cost savings, or energy forecast. Our expert consultants can help you to choose the system that is right for you. Our professional team or certified partners will install your system in a clean and efficient manner with minimal disruptions. mVoult stores energy when the cost of energy is cheap, and it expends stored energy when the cost of energy is expensive. ​

BITCOIN MINING OPERATION (ATL Data Center)

On December 10, 2020 CleanSpark acquired ATL Data Centers, LLC ("ATL") for up to $19.4 million in shares of the Company's common stock. 5 Acres land / perimeter fencing 48,000 sq. ft. facility Dual GA Georgia Power Grid Feeds Two 3000 AMP Services 20 MW committed, Power expandable up to 80 MW This transaction represents the first strategic acquisition as part of a larger growth plan following CleanSpark's recent $40M institutional investment. ATL creates a unique business opportunity as a full-scale, profitable demonstration facility for the Company. As part of the first phase, the Company has contracted with the local municipality to expand the power to the facility from 20MW to 50MW. It is expected that this expansion will begin promptly and be completed in April 2021. 315 Ph/s, 30 MW or 2.2 BTC/per day beginning on Feb. 22nd 2021. Estimating $100,000 per day @ ~$50,000 ~1.3 Eh/s, 50 MW by July 2021 which will result in 6-9 BTC per day $115 million-$150 million annual revenue from BTC mining after July 2021 expansion is complete. THIS IS ONLY THE FIRST STRATEGIC ACQUISITION. This will increase the projected ~1.3 Eh/s, 50 MW mining capacity significantly. IN LATE STAGE TALKS with other possible acquisition targets. Announcements coming in weeks/months. Private/Public mining companies have expressed interest in Energy management solutions Possible further expansion to the ATL Data Center campus. Mined 100th BTC on Feb. 17th 2021. Their Bitcoin Mining team has deep connections within the space and 8+ years experience in cryptocurrency mining. 50/50 BUY SELL RATIO on all mined BTC. VERY BULLISH on Bitcoin in the long term. To quote the CEO "holding slightly more than selling". Looking to run ATL Data Center and other BTC mining operations 100% GREEN ENERGY, emphasis on Nuclear Energy. ​

FINANCIALS/ACCOMPISHMENTS

Current Price: $36.31 Market Cap: $880 million Outstanding Shares: 24.23 million Float: 22.54 million Short Interest: 6.28% Insider Holdings: 21.36% Institutional Holdings: 21.18% CleanSpark more than doubled its comparable quarterly revenues, with quarterly revenue of $2.26 million, an increase of 130% from $0.98 million for the prior year. $1.6 million from energy management solutions, $700k from BTC (only 21 days of operation was recorded for this number). CleanSpark has increased revenue by more than double every year since 2018 and is projecting a 300% increase this year. 2020: $10M , 2021: $30M (extremely conservative) Gross Margin increased to 41% to $0.92 million compared to 10% and $0.10 million to the prior year. Loss from operations increased to $6.2 million compared to $3 million for the prior year. Expecting profitability later this year. The Company decreased its revenue concentration risk, for the three months ended December 31, 2020 37% of its revenues were derived from a single customer as compared to 91% in the same year-ago period. Cash and cash equivalents totaled $25.6 million as of December 31, 2020, as compared to $3.1 million on September 30, 2020, an increase of $22.5 million. Entered into the Electric Vehicle (EV) charging station market through a new initiative focused on providing OpenADR software solutions to aid in load management for EV charging stations and balancing the impact the increased power demand has on the traditional grid. Implemented new sales and marketing initiatives resulting in increased revenues, contracted backlog, and proposal pipelines. Received a large switchgear order from a Houston, Texas developer in support of microgrids to be built for the nation's largest retail chain. The end-use customer is the world's largest retail chain, operating more than 11,500 locations worldwide. WALMART??? Google: "USA largest retail chain", Google: "How many stores does Walmart operate?" The CleanSpark team released a suite of usability enhancements to both their mPulse and mVSO products, including self-serve reporting of monthly and ad-hoc site telemetry as well as improvements in mVSO ease of use to allow developers to completed scenarios quickly and more efficiently. Updates to mPulse forecasting and control algorithms ensures optimal site operation aligned with pre-determined targets. CleanSpark continues to grow its software team with specialists in web and cloud development. Expect to see the strongest revenues related to our energy segments in our third and fourth fiscal quarters. Winter is the slow season. Bitcoin mining revenues contributed significant profitable revenue for the quarter, making up approximately 32% of our total quarterly revenues. This is especially meaningful considering our Bitcoin mining revenues consisted of only 21 full days of mining in December. CLSK backlog as of Feb. 12th remains strong at approximately $7.3 million, an increase of $0.8 million from December 2020. As stated, the goal is to mine Bitcoins at the lowest rates nationwide and we expect to achieve greater than 80% gross profit margin on our Bitcoin mining activities. MARKET

The Global Microgrid Market size was valued at USD 28.80 Billion in 2019 and is forecasted to reach USD 61.18 Billion by 2027 at a CAGR of 10.5%. After the recent events in Texas, I can see this number going higher than projected. As more similar events (Deep freeze, Heat waves, etc.) occur, the demand for microgrids will skyrocket. Blockchain technology is taking the world by storm. With popularity increasing, mining is one of the hottest emerging sectors today. The biggest hurdle in cryptocurrency mining is ENERGY. CLSK will be mining at a significantly lower cost than other mining operations. When word spreads that CLSK software can lower the overall costs to mine cryptocurrencies, they will flock. Energy is the main variable cost in mining so it would be dumb not to lower that cost. CONCERNS

Possible dilution to fund further development in products, software, and mining operation acquisitions/expansions. Lose focus of main business, energy management solutions, and become fixated on bitcoin mining. There was a recent short report by a no-name short seller, Culper Research. This report is completely baseless and has been addressed by both Chairman and CEO. The flood of ambulance chaser law firms have plastered CLSK's recent media pages and has caused a lot of fear and uncertainty amongst novice investors. CLSK has not be served any lawsuits despite what the flood of reports. SPECULATION

Recent presidential election and senate election have turned both the oval office and Congress in favor of democratic views. There is discussion the Biden Administration will give tax benefits/incentives to companies that are working towards a more sustainable future. Medicinal and Recreational marijuana are the MOST ENERGY INTENSIVE agricultural crops grown in the US. With a Blue senate and President, Marijuana legalization is inevitable. This will further increase the demand for microgrids and energy management solutions. This could be the next emerging market they will enter. OUTLOOK

I am very bullish on the outlook of CleanSpark. They are poised for tremendous growth and their management team has proven to be top-notch. 2020 proved to be a pivotal year after 3 beneficial acquisitions (GridFabric, p2kLabs, and ATL Data Center) and they are on track for a banner year in 2021. The revenue from bitcoin mining will help CLSK achieve profitability faster than anticipated previously and currently there is not much sign Bitcoin will slow down ($55,000 as I type this). They have set them up for great success and are positioned in several huge markets ( EV, Solar, Bitcoin).

Lesson learned about Bitcoin - Don’t make the same mistake as I did

I saw a meme the other day about ‘You're so lucky you got in below $10k.’ It hit me hard.

When Bitcoin was 13k in 2019, I got in after learning about it. I bought it paycheck to paycheck. I saved up everything I had for Bitcoin. After a while I got almost 2 Bitcoins and I held them for dear life. Seeing my balance went from 20k to 4k was crazy. I lost my hope, and I stop buying it. This was my first mistake.

If I was smart, I would have bought more to cost-average them down. But I was stupid.

However, at least I didn’t sell any. When the price went up to 40k last month, it’s like living in a dream to me. Then the craziness of $GME happened, and I took part in it. This is when I made the biggest mistake I’ve ever made in my life until now: I sold all of my Bitcoins to buy GME at its peak.

Like others, I thought I could get some money, teach hedge funds a lesson and be part of the history. My plan was to jump out of Bitcoin and then get back in for more. Boi, I was so wrong!

The ‘free’ market is fucking rigged. It’s rigged beyond my imagination. The system is so broken. It’s broken beyond repair. The rich will win no matter what, even when they lose. Since they will get bailed out anyway by this corrupt government like in 2008.

The more I learn, the more I am disgusted.

I’ve been learning so much during this unique event and let me tell you: Bitcoin is 100% the future. Our future. Without a doubt. No one can rig Bitcoin. No one can manipulate Bitcoin. It’s traded 24/7 and no one can stop you from trading it. No one! When it crashes, it crashes with no circus breaker. When it moons, it moons with no circus breaker. It’s the market. It’s the true and only free market with no interfering from any systems or governments.

So, never make the same mistake as I did. Never. Leave. Bitcoin.

Hopefully, I will get my money back for Bitcoin soon. Please don’t laugh at me though. Because like many others who believe in the GME cause, I am hodling these shares like I was hodling my Bitcoins before. I know this is a mistake, but my balls are too deep in Melvin’s throat right now. Either they choke or I lose them.

TL;DR: Bitcoin is the future. It is the only free-market we have. Buy Bitcoin and Dollar-Cost Average it. Believe in it. Hodl it. Embrace it. The obsolete system will die, and you don’t want to be a part of it.

Disclaimer: I'm not a financial advisor. I just like Bitcoin so much.

QBTC and QETH Redemption Policy

As many who own these two funds may know, because of the new bitcoin ETF, BTCC, the market price of QBTC and QETH dropped below the Net Asset Value (NAV), while Bitcoin and Ethereum continue their upward trend.

According to 3iQ (The company that manage these funds)'s prospectus, investors have the ability to redeem the funds to USD at the price of the net asset value every year following the first business day after June 15. This year that date was set to be on June 16.

This is very important because in the event that the market price of both funds continue to decline, having the ability to withdraw the NAV portion acts as a safety net. However, one of the requirements is that investors must submit said redemption request via their CDS participant, which is the broker. Unfortunately, Wealthsimple is not a CDS participant according to the the CDS website. After talking to one of the wealthsimple agents, the answer is the same - Wealthsimple does not support the NAV redemption.

My question is, how is Wealthsimple going to support its investors in the future? How can a brokerage firm allow the buying of said securities but fail to take any responsibility in providing ample recourses for the redemption policy set by 3iQ? Both funds should not be made available in the first place.

I hope weathsimple can share their view on this, as a lot of people expect wealthsimple to provide such services like its competitor Questrade.

Cliodynamic Analysis Reveals US at Increased Risk of Civil War

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An analysis of two indexes--political stress and well being--shows the USA to be approaching similar circumstances as those immediately preceding the civil war.

Source:

https://www.abc.net.au/triplej/programs/hack/model-predicting-united-states-disorder-now-points-to-civil-war/12365280

https://www.nature.com/articles/463608a

Summary:

Increasing fractionalization within the elite class, increasing inequality, higher cost of living, and increasing feelings of anxiety in the broader population foreshadow sociopolitical reckoning, in parallel with pre-Civil War trends, in the USA. Additional factors of concern: increasing number of young persons, increasing number of young graduates with advanced degrees, recessions to become more severe.

Commentary:

If you feel the world's fraying at the fringes, you're not alone. Social scientists agree that the US is headed for a period of marked instability. In 2010, instability researchers successfully predicted that American instability would peak around the 2020s--those same researchers are now afraid of an incoming civil war.

Bitcoin and Ethereum are peaking due to fears of instability. Both are better investments than the US dollar or the US stock market.

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price of USD vs EURO

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Price of bitcoin

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price of ethereum

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The power grid, constructed in the 1950s with a 50-year expiration span, is due for replacement (look at Texas). The current administration is showing itself to be unable to act quickly and decisively. There exists a significant chance that the US won't be able to repair it's infrastructure in time.

Sociopolitical unrest can contribute to the degeneration of the US infrastructure. Much of the power grid is dependent on a dozen or so power stations--a coordinated assault on these would effectively bring nation-wide blackouts spanning 18-months. Texas foreshadows the future.

There exists a noneglibile probability that US geostrategic rivals will take advantage of the chaos to plunge the public deeper into self-destruction. US geostrategic rivals might even percipitate the chaos.

Scenarios:

By the end of this decade, a few scenarios are possible. Here are those scenarios with quantified indicators

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Scenario	Indicators	Likelihood
Best case scenario: government takes control of the situation, historical collapse trend averted	{(1) Sheer drop in the price of bitcoin, ethereum, gold, silver, platinum etc. , (2) drop in US Gini coefficient, (3) US GDP growth rate rises consistently for the next 5 years (4) healthy stock market correction where companies like PLUG, Facebook, Palantir (asset-light tech stocks) experience sheer drop in price, (5) decreasing unemployment rate, (6) decreasing college enrollment rate, (7) increasing taxes, (8) decreasing firearms stock prices, (9) strengthening dollar, (10) vertical movement or rise in US quality of life indicators (11) succesful infrastructure reform (12) preemptive restrictions in free expression and civil liberties (13) decreased volume of racial protests (14) increasing diversity in company boards	Low
Worst case scenario	(1) Sustained rise in the price of bitcoin, ethereum, gold, silver, platinum etc. , (2) rise in US Gini coefficient, (3) US GDP growth rate moves vertically or falls consistently for the next 5 years (4) stock market speculation where companies like PLUG, Facebook, Palantir (asset-light tech stocks) experience sustained rise in price, (5) vertical or increasing unemployment rate, (6) increasing college enrollment rate, (7) flat or decreasing taxes, (8) increasing firearms stock prices, (9) weakening dollar, (10) downward movement in US quality of life indicators (11) unsuccessful infrastructure reform (12) no restrictions in free expression and civil liberties (13) consistent presencee of racial protests (14)continuous overrepresentation of the white demographic in company boards (15) black swan event	Low-Medium
Ambiguous scenario	(1) speculative price swings with upward trend in cryptocurrency assets (2) weakening US dollar (3) increased representation of minority demographics in company boards (4) erratic stock market with premium for "trending" categories of shares, most probably asset-light firms (5) slow infrastructure reform (6) increase in taxes without corresponding increase in budget administration efficiency (7) rising rate of college enrollment (8) vertical unemployment rate (9) no restriction on US freedom of expression of civil liberties (10) US well-being survey responses continue to fall (11) second cycle of falling firearm purchases and increasing firearm purchases (As reflected, for convenience, in stock price) (12) black swan event	High

You owe it to yourself to keep track of indicators like the above (tailor them as you wish, but keep them reflective of the main issues discussed above). This is a throaway account. We are migrating and have since converted our fiat into cryptocurrency.

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Suggestions:

Survivalism and "prepping" in the US will make you a target at worst and guarantee one-two years of no suffering at best. This society is too complex. People here depend on others to do their job--the population is above carrying capacity. The prolonged societal decline to come demands fleeing the country for more sociopolitically stable and resourcesful nations, preferably those with less sociopolitical complexity.

Do not remain in the US. Within the next five years, arrange migration. China, Russia, and the European nations are good bets (if you share national ethnicity). There's a premium on Australia and New Zealand. Citizenship in New Zealand is an invaluable privilege to have right now, provided you also have a infrastructure-independent means (and plan) to get there.

Attempts to maintain order by startup governments or local governments will be superseded by public need. Multiple startup governments might compete for attention, while the federal government scrambles to take control.

The US military will not be able to calm the chaos simultaneously--geostrategic targets will be prioritized, and there will be severe attrition.

The fracturing is coming, but it won't be immediate. A good strategy might be to live frugally for the next 3-4 years, gather funds, buy property abroad (in a non-socially-complex state), and create a self-sustaining space. Make plans as early as possible.

Good luck.

CleanSpark, The Future of Energy Management $CLSK ---- Bitcoin, Solar, EV, Green Energy

What is CleanSpark?

• CLSK provides advanced energy software and control technology that allows energy users to obtain resiliency and economic optimization. The software is uniquely capable of enabling a microgrid to be scaled to the user's specific needs and can be widely implemented across residential, commercial, industrial, military, agricultural and municipal deployments.

What is a Microgrid?

• A localized group of electricity sources and storage batteries that normally operate connected to the traditional grid. A microgrid can also disconnect to “island” away from the traditional grid as economic or physical conditions dictate.
• CleanSpark’s software models and directs the microgrid’s operations.
• THE ONLY THING CERTAIN ABOUT THE UTILITY GRID IS THAT IT WILL FAIL. The events that took place in Texas recently are a prime example.
• CleanSpark’s proprietary solution helps large power users and residents sustainably lower costs by actively managing their generation, storage and load.
• Microgrid - Combining Solar and Storage

mVSO

• mVSO delivers flexible system optimization using advanced programming and big data principles to provide the ideal mix of distributed energy benefits our customers care about:
  • Cost Savings / Revenue Generation
  • Energy Security / Resiliency
  • Sustainability / GHG Reduction
• Outputs are your customized guide to maximizing your energy projects ROI.
• State-of-the art data analytics account for real costs, precise utility rate models, equipment performance, actual energy consumption and outlines what type of energy resources are to be built, what it will cost, and how it will perform once deployed.
• Regardless of your location or your utility rate, mVSO will deliver the optimal configuration of Solar PV, and Energy Storage to meet your objectives.
• The results are game changing for:
  • Commercial and Industrial Campuses
  • Retail Shopping Center
  • Multi-Family Developments
  • Neighborhoods
  • Communities

https://preview.redd.it/xenyubk61ii61.png?width=741&format=png&auto=webp&s=1cb13f3c167a0ffb3551c0aaef764b5a5ce70489

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mPulse CleanSpark's Distributed Energy Resource Management Software Solution

• mPulse is a technology agnostic energy management and supervisory control software platform that is capable of managing a wide array of energy assets including Solar, Wind, Generators, Building Management and Energy Storage solutions to deliver the lowest cost energy with the highest level of resiliency.
• It includes the capability of forecasting energy consumption and weather data utilizing its Patented Forecasting solution. Analysis of the system's available resources and the user's needs determines how to manage the immediate and future energy needs.

https://preview.redd.it/dghodflwyhi61.jpg?width=1280&format=pjpg&auto=webp&s=356324bbad1d4812fbd4ab935d67834afed7a545

• mPulse leverages standard communication protocols and interfaces such as Modbus RTU&TCP, DNP3, CAN and REST to name a few.
•  It also supports plug and play protocols such as Sunspec and also is capable of participating in Demand Response programs using ADR 2.0.
• The system is designed to be technology agnostic and capable of integrating with a wide array of energy resources and management systems.
• Cyber-physical security is built into all levels of CleanSpark’s technology.

​

Switchgear CleanSpark Critical Power Equipment

• CleanSpark can provide systems utilizing a variety of operating modes to meet a wide range of single or multiple-generator applications.
• Single-generator applications can operate in open or closed transition modes.
• Multiple- generator applications can be in an isolated bus or utility paralleled modes.
• Utility paralleling with soft loading onsite enables customers and utility power companies to parallel generators with the utility power grid for peak shaving and demand/load-side management of electrical power.
• CleanSpark offers synchronizing equipment in both low and medium voltage configurations

https://preview.redd.it/yhegusi31ii61.png?width=700&format=png&auto=webp&s=dd887031eca3ed91e42edcc2d8c396c2ccf547f6

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CleanSpark OpenADR Solutions

• CleanSpark previously acquired GridFabric, a leading provider of OpenADR implementation and certification.

https://preview.redd.it/ge8ezgof1ii61.png?width=1042&format=png&auto=webp&s=27cc641f91d3e55bdfa2e672d6379913c67000b6

• GridFabric’s products allow companies to implement OpenADR on their platforms and gain certification with the OpenADR alliance, faster and more cost effectively than doing it themselves.
• With two product lines Plaid (Client) and Canvas (Server) - which together facilitate communication between power consuming, internet connected products and utilities or load aggregators, respectively.
• Canvas and Plaid do not both need to be present for successful programs: both products will be able to add value individually or together in any demand response or load shifting program that implements OpenADR.
  • Canvas: Canvas implements a Virtual Top Node (VTN), the server side of the OpenADR protocol. It is used by Grid Operators and Aggregators to administrate load shifting programs.
  • Plaid: Plaid implements a Virtual End Node (VEN), the client side of the OpenADR protocol. It is used by controls and IoT product companies to participate in load shifting programs.
• Entered into the Electric Vehicle (EV) charging station market through a new initiative focused on providing OpenADR software solutions to aid in load management for EV charging stations and balancing the impact the increased power demand has on the traditional grid.
• CleanSpark's GridFabric Completes OpenADR Certification for EV Charging Company, KIGT

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p2kLabs

• Feb. 06, 2020 announced the acquisition of all of p2klabs, Inc. a design and innovation consulting firm that specializes in applying design, technology, and business process methodologies to create intuitive digital experiences and journeys that help transform and grow businesses.

​

Case Studies

• Rams Hill
  • Client: Rams Hill Golf ClubLocation: Borrego Springs, CaliforniaCompletion: 2015
    • CleanSpark designed a behind-the-meter 12 kV scalable microgrid for customer savings. The infrastructure enables true plug and play capibility for future distributed energy resource deployment.
• Camp Pendleton
  • Client: Camp PendletonLocation: San Diego, CaliforniaCompletion: 2013
  • Critical Power Fractal Grid (CPFD)
    • With demand management enabled by CleanSparks mPulse software this CPFD is able to curtail non-critical energy demand in response to current or predicted conditions of the microgrid or utility grid. In addition the system can peak shave by supplying virtually instantaneous energy to cover sudden usage spikes and reduce energy costs. The grid architecture also incorporates cyber-physical security, a high value feature sought by the D.O.E.

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Costa Rica/Tesla

• Located on an industrial equipment retail facility in San Jose, Costa Rica, the project utilizes CleanSpark's patented mPulse controller to coordinate all aspects of the system and improve overall performance. 
• The microgrid will consist of a 222-kW PV solar system, and a Tesla 111-kW/223kWh Powerpack provided by CleanSpark.  The system is integrated with standby diesel generation for use in the event of a sustained power disruption.  This will be one of the first Tesla battery systems deployed in Costa Rica. 
• On Sept. 21st 2020, CLSK announced the commissioning of its software on a new solar plus storage microgrid project in Central America.
• CleanSpark is providing its patented mPulse controls with market-based forecasting and operation. The Company has also procured and will incorporate the Tesla (Nasdaq:TSLA) PowerPack 2 battery energy storage system which will provide 558kW/1115kWh storage.
• Additionally, the project's solar installation includes 480kW AC, 531kW DC of PV (photovoltaic) solar panels. This represents the second microgrid located in Costa Rica with an mPulse controller paired with a Tesla energy storage solution.

​

US Embassy

• On Sept. 23rd announced that it received a contract to provide intelligent switchgear upgrades and support for a US Embassy located on the African continent.
• According to the agreement, CleanSpark will service the paralleling switchgear controls at the Embassy for a term of 5 years including upgrades to the equipment.  Additionally, the Company will provide technical and online support to Embassy personnel.

​

mVoult

• mVoult is a smart power system that provides a single solution for resilient, reliable, and cost-effective energy for residential properties of all sizes. The systems are configured to your individual needs upon installation with flexibility for future expansion.

Taking Orders Spring 2021

• The essential components included with the purchase of an mVoult power system include a Residential Optimized Smart Controller and Mobile App.
  • Add-on the following Clean Energy Sources: Energy Storage (Battery), Generator, Solar Array, and more…
• The system is fully configurable according to your needs. You can start small and expand the modular system without significant design changes as your goals or requirements grow.
• mVoult can be integrated with a brand new or existing system including Solar, Wind, Generators, and Energy Storage solutions to deliver the lowest cost energy with the highest level of resiliency.
• Track your mVoult power supply and cost savings with our mobile App which is included with the system. An easy to understand dashboard gives insight into the system through multiple features such as energy usage, cost savings, or energy forecast.
• Our expert consultants can help you to choose the system that is right for you. Our professional team or certified partners will install your system in a clean and efficient manner with minimal disruptions.
• mVoult stores energy when the cost of energy is cheap, and it expends stored energy when the cost of energy is expensive.

​

BITCOIN MINING OPERATION (ATL Data Center)

• On December 10, 2020 CleanSpark acquired ATL Data Centers, LLC ("ATL") for up to $19.4 million in shares of the Company's common stock.
  • 5 Acres land / perimeter fencing
  • 48,000 sq. ft. facility
  • Dual GA Georgia Power Grid Feeds
  • Two 3000 AMP Services
  • 20 MW committed, Power expandable up to 80 MW
• This transaction represents the first strategic acquisition as part of a larger growth plan following CleanSpark's recent $40M institutional investment. ATL creates a unique business opportunity as a full-scale, profitable demonstration facility for the Company.
• As part of the first phase, the Company has contracted with the local municipality to expand the power to the facility from 20MW to 50MW.  It is expected that this expansion will begin promptly and be completed in April 2021.
• 315 Ph/s, 30 MW or 2.2 BTC/per day beginning on Feb. 22nd 2021. Estimating $100,000 per day @ ~$50,000
• ~1.3 Eh/s, 50 MW by July 2021 which will result in 6-9 BTC per day
• $115 million-$150 million annual revenue from BTC mining after July 2021 expansion is complete.
• THIS IS ONLY THE FIRST STRATEGIC ACQUISITION.
  • This will increase the projected ~1.3 Eh/s, 50 MW mining capacity significantly.
• IN LATE STAGE TALKS with other possible acquisition targets.
  • Announcements coming in weeks/months.
• Private/Public mining companies have expressed interest in Energy management solutions
• Possible further expansion to the ATL Data Center campus.
• Mined 100th BTC on Feb. 17th 2021.
• Their Bitcoin Mining team has deep connections within the space and 8+ years experience in cryptocurrency mining.
• 50/50 BUY SELL RATIO on all mined BTC. VERY BULLISH on Bitcoin in the long term. To quote the CEO "holding slightly more than selling".
• Looking to run ATL Data Center and other BTC mining operations 100% GREEN ENERGY, emphasis on Nuclear Energy.

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FINANCIALS/ACCOMPISHMENTS

• Current Price: $36.31
• Market Cap: $880 million
• Outstanding Shares: 24.23 million
• Float: 22.54 million
• Short Interest: 6.28%
• Insider Holdings: 21.36%
• Institutional Holdings: 21.18%
• CleanSpark more than doubled its comparable quarterly revenues, with quarterly revenue of $2.26 million, an increase of 130% from $0.98 million for the prior year.
  • $1.6 million from energy management solutions, $700k from BTC (only 21 days of operation was recorded for this number).
• CleanSpark has increased revenue by more than double every year since 2018 and is projecting a 300% increase this year. 2020: $10M , 2021: $30M (extremely conservative)
• Gross Margin increased to 41% to $0.92 million compared to 10% and $0.10 million to the prior year.
• Loss from operations increased to $6.2 million compared to $3 million for the prior year.
• Expecting profitability later this year.
• The Company decreased its revenue concentration risk, for the three months ended December 31, 2020 37% of its revenues were derived from a single customer as compared to 91% in the same year-ago period.
• Cash and cash equivalents totaled $25.6 million as of December 31, 2020, as compared to $3.1 million on September 30, 2020, an increase of $22.5 million.
• Entered into the Electric Vehicle (EV) charging station market through a new initiative focused on providing OpenADR software solutions to aid in load management for EV charging stations and balancing the impact the increased power demand has on the traditional grid.
• Implemented new sales and marketing initiatives resulting in increased revenues, contracted backlog, and proposal pipelines.
• Received a large switchgear order from a Houston, Texas developer in support of microgrids to be built for the nation's largest retail chain.
  • The end-use customer is the world's largest retail chain, operating more than 11,500 locations worldwide.
    • WALMART??? Google: "USA largest retail chain", Google: "How many stores does Walmart operate?"
• The CleanSpark team released a suite of usability enhancements to both their mPulse and mVSO products, including self-serve reporting of monthly and ad-hoc site telemetry as well as improvements in mVSO ease of use to allow developers to completed scenarios quickly and more efficiently.
• Updates to mPulse forecasting and control algorithms ensures optimal site operation aligned with pre-determined targets. CleanSpark continues to grow its software team with specialists in web and cloud development.
• Expect to see the strongest revenues related to our energy segments in our third and fourth fiscal quarters.
  • Winter is the slow season.
• Bitcoin mining revenues contributed significant profitable revenue for the quarter, making up approximately 32% of our total quarterly revenues. This is especially meaningful considering our Bitcoin mining revenues consisted of only 21 full days of mining in December.
• CLSK backlog as of Feb. 12th remains strong at approximately $7.3 million, an increase of $0.8 million from December 2020.
• As stated, the goal is to mine Bitcoins at the lowest rates nationwide and we expect to achieve greater than 80% gross profit margin on our Bitcoin mining activities.

MARKET

• The Global Microgrid Market size was valued at USD 28.80 Billion in 2019 and is forecasted to reach USD 61.18 Billion by 2027 at a CAGR of 10.5%.
  • After the recent events in Texas, I can see this number going higher than projected. As more similar events (Deep freeze, Heat waves, etc.) occur, the demand for microgrids will skyrocket.
• Blockchain technology is taking the world by storm. With popularity increasing, mining is one of the hottest emerging sectors today. The biggest hurdle in cryptocurrency mining is ENERGY. CLSK will be mining at a significantly lower cost than other mining operations. When word spreads that CLSK software can lower the overall costs to mine cryptocurrencies, they will flock. Energy is the main variable cost in mining so it would be dumb not to lower that cost.

CONCERNS

• Possible dilution to fund further development in products, software, and mining operation acquisitions/expansions.
• Lose focus of main business, energy management solutions, and become fixated on bitcoin mining.
• There was a recent short report by a no-name short seller, Culper Research. This report is completely baseless and has been addressed by both Chairman and CEO. The flood of ambulance chaser law firms have plastered CLSK's recent media pages and has caused a lot of fear and uncertainty amongst novice investors. CLSK has not be served any lawsuits despite what the flood of reports.

SPECULATION

• Recent presidential election and senate election have turned both the oval office and Congress in favor of democratic views. There is discussion the Biden Administration will give tax benefits/incentives to companies that are working towards a more sustainable future.
• Medicinal and Recreational marijuana are the MOST ENERGY INTENSIVE agricultural crops grown in the US. With a Blue senate and President, Marijuana legalization is inevitable. This will further increase the demand for microgrids and energy management solutions. This could be the next emerging market they will enter.

OUTLOOK

I am very bullish on the outlook of CleanSpark. They are poised for tremendous growth and their management team has proven to be top-notch. 2020 proved to be a pivotal year after 3 beneficial acquisitions (GridFabric, p2kLabs, and ATL Data Center) and they are on track for a banner year in 2021. The revenue from bitcoin mining will help CLSK achieve profitability faster than anticipated previously and at currently no sign of Bitcoin slowing down ($55,000 as I type this). They have set them up for great success and are positioned in several huge markets ( EV, Solar, Bitcoin).

​

My position: 290 @ $26.68

​

I began buying in Nov. 2020 around $8 I have since averaged up to my current position and plan to hold through 2021 unless something dramatically changes. This is NOT FINANCIAL ADVICE. Please Do Your Own Research (DYOR) before making any investments. Thanks for all that make it this far, best wishes.

Did Stanislaw Lem predict the hidden aim of Bitcoin system? (Essay)

(Note: The below described issue is entirely separate from the current AGW, GCC or fossil fuel emissions releated woes of Bitcoin economy and would remain an issue even if the future of mining becomes entirely solar, wind powered!)

Polish SF writer and futurologist Stanislaw Lem is best known for his space romance novel Solaris and the adventures of pilot Pirx, but he also wrote the Diaries of Ijon Tichy, short stories about a freak-science news reporter.

In one such story titled Professor Donda an excentric genius computer boffin leaves MIT after his project is denied big funding and enters services of a central african dictator, whose poor country soon buys a top of range IBM mainframe and acquires high-capacity memory units for it through smuggling. Meanwhile envoys sent by the dictator collect or purchase collections of curses, jinxes, hexes, cusses and any expressions of ill wishes, all around the world in any languages. Prof. Donda publishes a paper in a junk-tier sci journal, about a new a system of measurements for digitally processed, ESP-derived information but noone believes he's that loony.

Ijon is asked to investigate due to his skill in approaching weirdos. He travels on site and learns Donda sold the project to the dictator and his tribal clan promising to digitize, index and re-combine all of the world's jinxes in the mainframe - resulting in such a gravity of grudge that heads of neighbouring enemy countries and those of rival clans will surely drop dead. Ijon befriends Donda and witnesses him manipulate people in power and corrupt bureaucrats to obtain ever more funding for advanced hardware - especially high density RAM upgrades and a super sensitive balance which can detect weight differences less than ten millionth of a carat even in large objects. He uses a fraction of the computer's power to crudely optimize the country's sketchy economy, resulting in a boom that lends him credence and infocomm use starts to spread in the capital city.

Eventually Ijon accompanies Donda on a jungle mission to secure an old drum made of sacred monkey hide for a tribal elder whose favours cannot be bought through bribes. During their journey the suprisingly skilled survivalist prof reveals something is expected to happen soon in the capital while the mainframe runs an unprecedented large batch job. Indeed, one night Ijon turns on the shortwave radio to listen to world news as usual, but there is silence on all stations, even local AM radio only emits unmodulated. Eventually they reach a town but its teletype link is down.

Donda explains they are trekking to be safe in the countryside since there must be unrest in the capital already. He explain his masterplan: research at MIT led him to notice theoretical inconsistencies in the ratio between energy, matter and information, even though all 3 can be transformed into each other. To precisely determine mass of information he wanted a huge computer to fill and a super-balance to measure it but academics dislike controversial ideas. In his quest for funding of a comp-sci breakthrough, Donda exploited the stupidity of a corporal-turned-dictator who still believes in witch healers, etc. After all, flavour of processed information doesnt matter, it can be wisdom or pure BS as long as lots of it can be collected. Using RAM built with highest density memory modules, the mainframe eventully collected so much jinx in such a tightly packed space that its info mass equivalent reached singularity and was entirely erased in an act of creating a child universe.

Prof. Donda however, expected the singularity event to be localized within the horizon of his IBM mainframe and not cause a runaway effect that wipes out all tightly packed (i.e. electronically stored) information in a shockwave travelling at the speed of light around the world, into the solar system and beyond. Months later they encounter a drifting ballonist bringing news that sail ships fleeing from USA and Europe reported outbreak of war as their infotech-based societies collapsed. Donda predicts tech civilization can be rebuilt in a few generations if care is taken to stictly limit density of storage but remarks our own Universe may had also been created in a similar mishap...

---

Well, Bitcoin is not primarily about storing large volumes of information, though the need to have a copy of all transactions since Day 1 in each participating system is kind of heavy. Yet, if information has equivalence (transformability) to/from energy and consequently mass, then each Bitcoin represents a weight proportional to the energy expended for its creation (E=mc2). Surely, current ASIC miners turn almost all of their 2-3kW per piece power consumption to mere waste heat, but superconducting circuits and quantum computing will raise the efficiency of turning energy into information to near the theoretical maximum as allowed by Shannon and Carnot, so most of each Watt burned will end up in a byte rather than heat.

Currently it takes 12 to 25 Terawatt-hours of electric energy to mine a single Bitcoin (estimates vary widely between those extremes) but that already huge number could soon increase 10 or 100-fold if demand for crypto currency continues to rise. Until 2140 AD mining energy usage could grow a further 10¹⁸ times even with max. efficiency advances. Thus a single Bitcoin mined during the last days could represent so much energy used up in its creation as to be equivalent to a large star. Imagine storing such a bitcoin on a then-current 512 exabyte Micro-SD card where memory cells are only 3 muons across and voila you have enough density of info = energy = MASS to cause a singularity, creating a cosmological black hole that proceeds to swallow ... what? Info, matter, the planet wholesale with mankind included?

Alternatively, Bitcoin system could be seen as a world simulation breaker attempt, i.e. when the info-singularity event happens the VM which runs our Universe won't be able to handle the exception and crashes, kind of opening a hole in the sky and man gets to see Gods. (Note: cyber-nihilism thinks we all don't exist and just being run inside a simulation. In recent years this theory been researched in several universities for experimental proof, with grants provided by a few dotcom billionaires.)

Miami Mayor Suarez Plans to Personally Buy Bitcoin, Ethereum, or Dogecoin | Decrypt

Miami Mayor Francis Suarez told Decrypt that he is planning on personally buying cryptocurrency this week. He is considering a portfolio of coins including Bitcoin, Ethereum, and potentially even Dogecoin. 

“I may do Bitcoin, I may do Ethereum, and I may do Dogecoin, I haven’t fully fitted out what I’m going to do, but those are the three that I’m looking at,” Mayor Suarez said.

There has been some speculation about when, or even if the Mayor would ever purchase any cryptocurrencies, but he confirmed that this will be happening as soon as this week.

“We’re going to be doing it this week, I want to do it sooner rather than later because the price keeps going up,” he said, adding, “the faster the better.”  He also intends to make his cryptocurrency purchase now, partly as a way of commemorating Bitcoin’s recent surge past the $50,000 mark. 

“We’re going to do something cool, maybe to commemorate the passing of the $50,000 threshold,” the Mayor said, adding that he will “do it as a public thing, because I think it will be fun, and I think it would be cool.”

Bitcoin is the biggest cryptocurrency by market cap with a price of $52,700. It's followed by Ethereum, which is a blockchain platform designed for supporting tokens and protocols. Its current price is $1,900 after growing by almost 10% in the last week.

Tesla CEO Elon Musk has pushed Dogecoin—originally created as a meme cryptocurrency—into the mainstream. His frequent tweets have encouraged its price to grow, reaching highs of $0.08 before falling back to its current value of $0.05.

The Mayor intends to open two accounts—both in a personal capacity—with one likely on crypto exchange Coinbase, and the other on crypto exchange Gemini. He said this decision was partly based on his close relationship with Coinbase CEO Brian Armstrong, and Gemini co-founders Cameron and Tyler WInklevoss.

“I’m friends with Brian and I’m friends with Tyler and Cameron, and I want to make sure that they know that I support their platforms,” adding, “I want to pay it forward a little bit, and help them through giving some publicity to their platforms.” 

What’s next for Miami? 

Not only is Mayor Suarez intent on making his own cryptocurrency purchases this week, but he has plans to turn Miami into a cryptocurrency hub—and they are in full swing. 

“Last Thursday, we had a watershed moment where I put forth a resolution to the City Commission that passed by a vote of four to one,” Mayor Suarez said. 

That vote enables the city to do three things. First, Mayor Suarez can now look for a third party that will help facilitate employees that work in Miami to be paid in Bitcoin. Second, it allows the city to find a third party—potentially the same third party—to facilitate the payment of taxes and fees in Bitcoin. Lastly, it allows Miami to explore the possibility of holding Bitcoin as an asset in the city’s treasury reserve. 

Once a vendor is identified, the proposal will have to return to the City Commission, which will need to approve any proposal it receives. 

Mayor Suarez has also anticipated that state law might prohibit the city from holding Bitcoin as an asset in the treasury’s reserve. If that is the case, he is committed to reforming the relevant legislation to ensure the city can move forward with its cryptocurrency ambitions.

“There’s a legal hurdle that we may have to surmount, but we’ve also made it a priority that in the event that there was some legal prohibition, that the state law would be changed—or should be changed—to allow us to hold Bitcoin,” he said. 

But in the meantime he’s going to get a taste of the volatile crypto markets on his own.

Article Source : https://decrypt.co/58241/miami-mayor-is-personally-investing-in-bitcoin-ethereum-or-dogecoin

#Event - Cloudbit Event-Bot

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🏦 CDBC listing soon

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An extinction level event for banks. A transfer of wealth to a whole new group of people. Pump it Up. Shout out Dan Peña. (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/lnrrlm/an_extinction_level_event_for_banks_a_transfer_of/

Unpopular opinion: Bitcoin prices should be a set amount

Basically the title, set it to 500k or something idk.

Linking the price to IRL prices is such a cool fucking idea and I love it. However it will be impossible to balance if you continuously balance the game to IRL price. I believe this will hurt those that haven’t the time or the means to play Tarkov more than say 3 hours a day, unless they already have the farm before the nerf to fuel. Making the entry to Bitcoin farm higher hurts those that are learning, those who start late and those who might take a break if they haven’t gotten to the Bitcoin farm. With the “chads” running Gucci load outs every run making questing, specifically the PVP quests and quests in high traffic areas much harder. As well as making it 3x harder to either buy, find or craft items needed to get the farm. (I’m not as against making the game harder as making the Bitcoin farm hella expensive, by this time every wipe most people who play the game day in day out are already running Gucci load outs every raid anyways)

Balancing the fuel to Bitcoin as its rising will work but it will cause a lot more effort on BSGs part to continuously update various prices, trades and stock for traders. As well as spawns of fuel and crafting materials. Now what happens when Bitcoin crashes? The devs would have to spend almost similar time (I’m assuming) to make changes to revert the nerfs.

An alternative could be BSG creates some form of preset configs for these spawns/trader stock and prices to fuel and crafting materials tuned specifically to what the current price is of Bitcoin. So say if Bitcoin is at 700k today they have everything in a preset from say 675k-725k all items effected would be these prices/spawn rates. If it drops below said value they implement settings created to the 625k-675k and so on. This is in the event they keep Bitcoin tied to IRL.

I’m not a game designer nor will I pretend to act like I know how game balance works. But I’m sure it could be easier to create the set price and balance around just that. Please forgive me if my thoughts are jumbled it’s been a long day at work, happy raiding boys.

Edit: I’m also curious to what others think would fix balance issues, me and my friends talk about it frequently.

Cryptium’s Price is Irrelevant to Stakers

Volatility in the crypto-industry has been one of the main reasons for slow adoption of cryptocurrencies for business uses such as cash flow management. However, not all crypto-assets are created equal, Cryptium utilizes an elastic supply mechanism to protect stakers against potential loss of value due to price volatility.

Value Protection Mechanism through Elastic Supply

ASSET VALUE = QUANTITY \ PRICE*

Remember that the value of your asset can be decomposed into quantity times price to equal the value of your asset, and in normal circumstances the quantity of your asset is fixed. For example, if you own 100 shares of Tesla and the price of the share is $850, then the value of your Tesla’s asset is $8500. In the case of the stock market, a decrease in price inherently leads to a decrease of the value of your asset, since the quantity is fixed.

However, in the case of Cryptium, quantity is not fixed for stakers. In the event there is a decrease the staking mechanism of Cryptium enforces the quantity of Cryptium you own to duplicate, ensuring the total value of your asset remains the same or greater than what you previously owned over the previous 7 days. This functionality is only available to stakers, and essentially requires the users to lock their token for a certain period of time. This prevents them from participating and creating market volatility.

Price Becomes Irrelevant with an Elastic Supply

With an elastic supply mechanism like the one used by Cryptium, price becomes a completely irrelevant number. One should consider a fixed rate mortgage as a comparison. In such a mortgage, what matters is the interest rate and the length of time this rate is applicable. Cryptium functions in a similar fashion, regardless of the current price of the token, the smart contract enables participants to lock a fixed rate of growth over the next 12 months. Supply and demand will influence the price of the token, but also the rate. Every day this rate will change, so the main decision you need to worry about is whether or not the rate will be better or worse tomorrow, at which point you choose to stake and lock your tokens. While your tokens are locked, price volatility will have no impact on the value of your asset since you have locked yourself into a specific rate of return. Once the term has completed, you can choose to wait and lock again at a new rate of return.

Staking at an agreed upon APY is ideal for businesses and risk-averse investors

Appetite for risks varies between investors, but businesses that want to utilize crypto-assets as part of their cash flow, simply cannot absorb the volatility risks of conventional crypto-currencies (such as Bitcoin). This is due to their need for assets to be available to pay employees, suppliers, and operational expenses month over month. In such a case, Cryptium and its crypto-annuity staking mechanism becomes a perfect candidate to benefit from high growth potential of crypto-assets without absorbing the high volatility.

Where does the upside go?

At this point you are probably wondering where does the upside go when the price of Cryptium grows faster than what the stakers receive? Comparatively, where is the money coming from to ensure stakers get their return when the price of the token is falling? Both questions will be answered in our next blog post. Join us on Discord to keep up to date with news about Cryptium.

About Cryptium

Cryptium is managed by Autonomous Decentralized Finance (AuDeFi), the technology arm of Dragon’s Vault, a globally distributed investment fund from Singapore.

Watch out for false flags

If Bitcoin and crypto keep rising up to their full potential (putting the control over money into the hands of those who hold it) I wouldn't be surprised if the hands who write the rules of the money game and run the overall show tried to pull a false flag operation to scare people away from or vilify bitcoin and perhaps crypto in general. Shocking people into a stunned or frenzied state through lies or manufactured events and whipping the rug away from under their feet is their go-to modus operandi so it's probably a good idea to brace ourselves for the possibility of a BS story like the recent alleged Bitcoin double spend or other ploy of this kind. Just my two cents.

Why Bitcoin prices must be fixed.

Good afternoon, this could potentially be a very unpopular post but nonetheless I am going to spend time today explaining why I believe Bitcoin pricing cannot be set off of real world prices and must instead be fixed to a set price and never change.

For those living under a rock, Bitcoin is a real world crypto currency with a finite number in circulation. It is seemingly recession and depression proof as it is linked to no real world currency as a reserve and is instead valued by a combination of speculation, it’s acceptance as a usable currency by vendors ( recently Tesla). Real world Bitcoin is farmed through mining operations similarly to the way they are seen in the game. Huge graphics cart setups requiring large amounts of cooling. They produce Bitcoin through verifying chain transactions and are essentially paid for the processing power they provide. I’m sure it’s more complicated than that, but for a caveman, I think I explained it alright. The key take away from this is that there is a LIMITED NUMBER of bitcoins in circulation.

As this pertains to tarkov. At the current moment, the price therapist purchases bitcoins is adapting based off real world prices, where there is a limited amount in circulation, but in tarkov there is an UNLIMITED number of bitcoins in circulation. This is resulting in unlimited wealth generation by the Tarkov population.

Why is this a problem? It’s causing hyper inflation. 60 round mags M4 mags are up to $70k on the free market. AESAs are one of the most expensive items in the game. Fuel is up to $600,000 per large can. In my mind BSG caused the fuel shortage to create a money sink and solar requirements to balance the inflating REAL WORLD Bitcoin prices. Insurance prices also raised. Graphics cards are through the roof, more than ever they cost more than a LEDX.

but dude I’m making cash stop screwing us over

You think you are but you’re not, the value of your rouble is devaluing and the cost of anything purchased off the market is flying through the roof. Vendors are always sold out of shit because those prices are fixed.

This is really like babies first day economics 101 shit. Currently part of the market is price fixed, while the other half of the market is not, and now both sides are all fucked up and off balance.

The solution to this is unfortunately not a popular one. Fix Bitcoin prices back to pre wipe levels, probably somewhere around $130-150k would be best. This will cause a huge market bubble to burst prices stabilize and everything carries on after people bitch about how they spent $60 million roubles to level up their Bitcoin farm.

what if things aren’t changed Inflating prices are just gonna keep running away, and if the wipe is 6+ months away, the market is gonna be so fucked in pricing by then you won’t need a prewipe event because you’ll already be paying $1 million for a sure fire 60 rounder. The benefit of this is BSG can stop doing these bandaids on a sinking bot approach where they slowly raise prices everywhere, to penalize Bitcoin farmers.

In reality, a lot of players don’t have Bitcoin farms, so they log on and try to buy some good ammo but it’s sold out from the traders. This is because people are poaching trader ammo because the inflating flea market pricing. On the flip side, they can’t afford to buy m855A1 or 7.62x39 BP because the prices are running away. But how much does this affect you as a Bitcoin farmer? Probably not much.

In conclusion:

I think fixing Bitcoin prices to the real world price is a cool idea in practice, but without compensating for the limited real world circulation numbers it’s poor implementation as it sits in the game right now. I don’t know if it’s able to be fixed at this point without a wipe. If anyone actually read this whole thing, let me know what you think.

Behind Tesla's investment in Bitcoin: revaluation of Bitcoin.

In the past two days, Bitcoin is firmly standing above the $50,000 mark.

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This means that in 2021, the increase has already exceeded 83%.

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All predictions about Bitcoin's performance in 2021 need to be re-evaluated from a new starting point.

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After all, the current round of rising has even broken the annual "Chinese New Year effect"-investors will cash out and leave the market due to increased spending during the Chinese New Year, leading to a price drop.

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And to directly promote this round of Bitcoin's rise, you have to mention Ellen Musk, the man behind Tesla, who is even more known as the "Silicon Valley Iron Man."

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Musk has been vigorously carrying cryptocurrency recently, and with his appeal, he not only succeeded in igniting Doge on Twitter (rapidly soaring by 50%), he also spent $1.5 billion to buy Bitcoin through Tesla.

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It can be said that it has successfully advanced to the top stream in the cryptocurrency field.

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But Tesla's investment in Bitcoin is not an isolated incident. We have seen more and more listed companies in the United States using Bitcoin as an alternative reserve asset.

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In other words, the value of $50,000 in Bitcoin may be just a starting point.

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Regret for not buying Bitcoin 8 years ago

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Although Musk's enthusiasm for cryptocurrencies has been very high in the past two months, this enthusiasm has been formed through a long accumulation.

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"For a long time, many of my friends have tried to persuade me to participate in Bitcoin."

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Musk first came into contact with Bitcoin in 2013. He received a "Bitcoin cake" from a friend and ate it.

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"Obviously, I should have bought some bitcoin at least eight years ago." This is Musk's recent view.

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But until May 2020, he only had 0.25 bitcoins donated by his friends-although he had already explained to JK Rowling that bitcoins are more reliable than large-scale fiat currencies.

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Then after the bull market in the second half of 2020, Musk's enthusiasm for Bitcoin has increased significantly.

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As soon as 2021, Musk changed his profile to "#bitcoin" on Twitter and said that he is a supporter of Bitcoin.

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In addition, investors who watched closely like Levinhoek discovered that Tesla has buried the layout of cryptocurrencies on page 106 of the 2020 annual report (the title is ambiguous "Note 23-Follow-up events").

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Later, Tesla revealed that it plans to spend 1.5 billion US dollars to buy Bitcoin, and will accept Bitcoin as a payment method in the near future.

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At present, Tesla has completed the purchase of Bitcoin through Coinbase, and has partially supported the use of Bitcoin to pay for car payments and deposits.

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It is worth noting that in addition to Bitcoin, Musk has been calling for Dogecoin.

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Musk publicly stated in 2019 that Doge is his favorite cryptocurrency, not to mention at the beginning of 2021, claiming to be the "former CTO of Dogecoin", which brought Doge, which had already soared, to a more violent surge.

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However, Musk admitted some time ago that in fact those are just joking, "Joke is to make fun of cryptocurrency."

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In the end, he did not forget his humor, "But fate likes irony, and the most interesting and ironic result is that Doge will become the currency of the earth in the future."

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Why high-profile entry?

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On the premise that the legality of Bitcoin's securities is still unclear, Tesla has invested in Bitcoin as an intangible asset with an indefinite period, which can be said to be a very high-profile entry.

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Behind the high-profile entry is a judgment based on the high overlap between inflation expectations and regulatory expectations.

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The first is inflation expectations.

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There is no doubt that market inflation expectations are rising and will continue to rise, which means that companies will increase their demand for safe-haven assets.

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Bitcoin has been incorporated into asset allocation by more and more traditional investment institutions, and Bitcoin’s performance is indeed amazing.

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Compared with institutions such as family offices, listed companies with stricter supervision have also begun to follow suit in asset allocation.

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In 2020, at least 15 listed companies have bought bitcoins, holding more than 100,000 bitcoins in total.

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In this year, Bitcoin went from a trough of less than $4,000 to more than $40,000.

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Market inflation expectations in 2021 will not be lower than in 2020, so it can be predicted that, in order to beat inflation, hot money will flock to the stock market and the more risky cryptocurrency field.

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The second is regulatory expectations.

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The US Securities Law's treatment of Bitcoin is currently unclear, so there are no corresponding accounting standards and tax rules.

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And the SEC has rejected all applications for Bitcoin-based ETFs.

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But it is clear that Bitcoin is an asset recognized by law and the market (although it is a virtual asset).

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What is clear is that Microstrategy, which purchases bitcoin on a large scale, has not been punished by supervision, which means that the supervisory authority has acquiesced in this behavior.

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In addition, it is clear that it is within the scope of the law to directly hold Bitcoin through compliant exchanges such as Coinbase, or participate in Bitcoin indirectly through Grayscale Funds.

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As Bitcoin becomes more and more of the mainstream financial products, I believe that the corresponding regulation will soon follow, but it is certainly not blocked.

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So based on the above two expectations, recently we can see MasterCard and Bank of New York Mellon US listed companies have begun to deploy Bitcoin.

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There is also China's US stock-listed company, 500 Lottery, which has acquired BTC.com, the third-ranked mining pool in Bitcoin computing power.

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Although this is easily reminiscent of the eve of each bubble burst in Bitcoin's history.

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$50,000, then?

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Since Bitcoin broke through $50,000 and has been included in asset allocation by more and more listed companies, the value of Bitcoin should be revalued at the current starting point.

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Normand, a strategist at JPMorgan Chase & Co., is not optimistic about the current Bitcoin price.

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He believes that Bitcoin is very likely to shrink-because Bitcoin's rise is steeper than any other financial innovation or asset bubble in the past 50 years.

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QCP Capital, a quantitative trading company in Singapore, is very optimistic, predicting that Bitcoin has a 10% chance of priced at USD 400,000 by the end of the year, a 15% chance of USD 300,000, a 30% chance of USD 160,000, and a 50% chance of high. At $100,000.

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The judgment of Joel Kruger, a cryptocurrency strategist at LMAX Digital, reconciles the two views.

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"We recommend being extra cautious in the short term. Bitcoin has been in a parabolic state since it broke through $20,000."

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"Technical research warns of the need for a healthy pullback in the coming days and weeks to normalize severe stretch readings."

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I think i found the next hot NFT collection

Browsing OpenSea for some cool nfts to buy, I found this little gem of a collection: https://opensea.io/assets/hodlercards

It's a card series capturing Bitcoin’s most influential moments. Really amazing artwork. I also like that they will continue the collection releasing new cards to capture new events and it's a continually evolving project depicting the history of Bitcoin.

You can find their website here https://hodlers.art/ Thinking of apeing and buying some of these what do you think?

Пятничный напалм. Рекомендую к распространению.

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Where can i get an Engagement Ring with Bitcoin or Crypto FASTTTTT in Los Angeles

There's just no way i can post pone this event, everything's all set but THE RING....

I have a custom made ring that was suppose to be here on Monday, stunningly beautiful coming from Texas of all places. They haven't even answered the phone or emails this week due to the massive storm.

Long story short, I need a back up plan but all i got is Crypto now... Any suggestions???

Im going to tip someone $200 in bitcoin for the help.

I need a Crypto Jewelry store ASAP.... This is 2021 and I can't find one in L.A...

im at my wits end, please help.

Bitcoin hard copy

Hi everybody I have to ask is there a way to back up what you have on Bitcoin in a hard copy of some type I download? In the event the internet is down? Or something big happens in our country we cannot access our accounts on the computer how will we have our proof of purchase besides the bank purchase, as in how much we own when the price grows thank you