Bitcoin pulse, guides and news: 03/21/21

Sunday, March 21, 2021

Cardano Rumor Rundown 03.22.2021

Good Morning Cardanoverse!

I've been obsessively consuming all the Cardano news and media on a daily basis for years now. I figured it wouldn’t hurt to share a list of what I'm seeing for anyone else who's interested. Feel free to make additions as you see fit. Many of your additions from yesterday are in the “Newly Covered” list for today. Also let me know if you think any of the “Previously Covered but Still Interesting” items are no longer interesting and should leave the list.

Also, there’s now an audio version available for anyone interested: https://youtu.be/Z25KvAczFAU

Let's go....

Newly covered today:

Awesome comparative chart showing how much more decentralized Cardano is already compared to BTC. https://twitter.com/PoolGrow/status/1373492994645450752
Transactions are way up over the last several epochs! https://www.adatainment.com/index.php?lang=en&page=charts_onchain_metrics
Cardano 360 going down on Thursday March 25th. This is the big monthly streaming event where they tell us what’s going on. Save your spot here: https://www.crowdcast.io/e/cardano360-march/register
Critics think that lack of burned fees is a valid complaint against Cardano. But, good outcomes at scale only come with good incentives and free competition. So, if the fees aren’t paying the costs of transactions in these other protocols, the question goes begging: who is? In the end, the answer always turns out to be that the transaction costs have just been obfuscated under the guise of inflation via coin emission or some other hidden tax on someone in the ecosystem (usually the coin holders). https://twitter.com/avaxholder/status/1373336728010956801

Previously Covered but still interesting:

Charles posts a pic of a taxidermy African bird called a Turacos. He follows up that post by saying " Guys sometimes a stuffed Ethiopian exotic bird next to an old identity book is just a stuffed Ethiopian exotic bird next to an old identity book. Stop reading into things". Everyone enjoys speculating what exactly this could mean with the obvious implication being that the African bird announcement involves digital identity in Ethiopia. https://twitter.com/IOHK_Charles/status/1369397063583227911 https://twitter.com/IOHK_Charles/status/1369402020067766275
Famed crypto enthusiast and billionaire Mike Novogratz asks the Cardano world "Can anyone make a real bull case for $ADA? Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset? It’s one of the few cryptos I haven’t traded in my life." https://twitter.com/novogratz/status/1369255782462746624
It's announced that 591 different assets have been minted on Cardano in the last eight days. https://twitter.com/IOHK_Charles/status/1369347294324162561
Catalyst Fund 3 Voting is ongoing, it looks like the Yoroi team has worked out the voting problem in the Yoroi wallet. https://twitter.com/YoroiWallet/status/1369050858546200585
Charles was on Real Vision earlier this week. https://twitter.com/RaoulGMI/status/1367804256783372288
Cardano SPO Schweta Chauhan was profiled by Forbes. https://www.forbes.com/sites/tommywilliams1/2021/03/08/meet-30-inspirational-women-this-womens-history-month/?sh=383b28405208
UAE Fund FD7 Ventures calls for ADA to 20x in next 2-3 years https://twitter.com/CardanoPoolXYZ/status/1367927864658690054/photo/1
Charles will be speaking at the Blockchain Africa Conference this week which may or may not give us more clues as to the African Bird announcement. https://blockchainafrica.co/
SingularityNet collaboration with Cardano going down. How else is Skynet gonna pay the Terminators? https://www.youtube.com/watch?v=MWdp33bYJpQ https://www.youtube.com/c/SingularityNET/videos
Wolfram Alpha collaboration with Cardano. What will it look like? Mentioned in several recent AMAs. Sounds like Charles and Stephen Wolfram want to be best brohs. That feels good broh.
~~What did Charles actually do (if anything) on the day of the recent Thanos Infinity Gauntlet snap pic? Just general or was something specific happening behind the scenes?~~ https://twitter.com/IOHK_Charles/status/1367874091722694656/photo/1 RETIRED!
Alonzo hard fork (non)event to complete Goguen and add smart contracts in Q2. You’ll barely feel it broh. Not even an event. Lots of combinator broh.
Actual target date of Alonzo hardfork combinator event (smart contracts) will be revealed at Cardano 360 show at end of March. https://twitter.com/IOHK_Charles/status/1366519588519731203
Charles claimed Elon was trolling Cardano with “meta for k” on twitter. Can anyone argue one way or another on this? https://twitter.com/IOHK_Charles/status/1364350825271685122
Ourobouros omega is slated to bring significant innovation to the Cardano consensus protocol. https://twitter.com/IOHK_Charles/status/1357364560504709120
Possible Soulja Boy Cardano collab on NFT. Maybe Soulja Boy could be best brohs with Charles and Stephen Wolfram broh? https://twitter.com/souljaboy/status/1355770383396347907
~~Coinbase Listing of ADA. Will the DCG Mafia ever allow ADA to compete on an even playing field with “their precious” (read in Gollum voice) ETH? Maybe we don’t even need them?~~ RETIRED!
Twitter revamp via Cardano? Charles did a whole vid on fixing social media curation. ~~Other hand: they won’t even give Charles a blue check mark.~~ (Retired: he finally got it) Other other hand: Jack has a mutual love of Africa. https://www.youtube.com/watch?v=JilEb42q-CI&t=2325s
In the Protocol Parameters vid, Charles suggested they will introduce a CIP (Cardano Improvement Proposal) to change the inflation model to accommodate pay for stakepools for processing transactions/data from the ETH, IELE, and Catalyst sidechains. We’ll get to vote on CIPs like this. Kablam! Democracy! Kablam! Voltaire! Kablam! More duckets for staking! Don’t worry broh. They’re gonna stay serious here broh. Charles squinting real hard/blinking/talking slower/using hands a lot here broh. Not planning to violate the things learned from the long Oxford research arc and the input of the Prism Group (Harvard dudes) broh. Snake still eats tail broh. Kablam! https://www.youtube.com/watch?v=JJorRPk767s
Charles mentioned a seven person anti-corruption committee reviewing the Ethiopia project. Hopefully no shenanigans there broh.
Charles is scheduled to appear on Lex Fridman’s Podcast in June. Lex seems like a nice guy broh. He’ll probably end up best brohs with Charles, Stephen Wolfram, & Soulja Boy. Ben Goertzel is also in broh. Lex needs a girlfriend but no paying ADA to romance the androids. Just take lion’s mane, maybe some ‘83 Gordon & McPhail, and solve global issues together broh.
Will a Joe Rogan appearance follow this? It was always ”Goguen before Rogan.” They both love meat and you can barely tell they’re both filthy rich. Match made in heaven?
100% Decentralization of block validation incoming this month!!!!
~~Liquidity bird to land sometime soon? What is it?~~ RETIRED!
What about the whispers of a telecom deal? Part of the Ethiopia project?
What about paying for utilities and transportation? Part of the Ethiopia deal?
Academic credentialing project in the nation state of Georgia. Lots of mentions of this over the years.
Mongolia project. Also lots of mentions of this over the years.
Uganda, Rwanda, Kenya, Ghana, & South Africa. It seems like there have been a decent number of indicators over the years that these governments are also already in play or targeted for the pan-Africa strategy of 100 MM users in 5-10 years.
In the recent Cardano 360 show there was talk of Emurgo possibly being in the process of building something that sounded kind of like a Metamask for Cardano. Sebastian building stuff works good broh. If not, what will fill the Metamask role in the Cardano ecosystem as a sort of universal(ish) bridge for users of smart contracts? Daedalus? Or something new that would be standalone?
Justin Roiland knows about Cardano. What if they ever mention it on the show broh? https://twitter.com/JustinRoiland/status/1363000121248473088
There is also the looming possibility of a Bitstamp listing. https://www.bitstamp.net/article/bitstamp-continues-exploring-support-additional-di/
Yoroi reaches 100k installs! https://twitter.com/YoroiWallet/status/1369952496307736578
Cardano tattoos are starting to get elaborate. https://twitter.com/BloomPool_io/status/1370148734177325056
There will be a “Mastering Cardano” book. No author signed on yet. Hopefully he or she will have a hairline that is even more dracula than Andreas Antonopoulos. I kid. Love Andreas.
Cardano reached 550k wallets in half the time it took BTC https://twitter.com/nierop_pieter/status/1369933366368362496
Cardano now has it’s own thirst trap twitter accounts. I won’t list them. But, you probably already know which ones those are if you follow #cardano. It’s probably bullish that we are now big enough for them to target us.
We can now claim that Catalyst is the world’s biggest DAO! Luckily, I think it is safe to suspect that ours is less susceptible to recursive call attacks than ETH’s first big DAO. https://twitter.com/InputOutputHK/status/1369961368946946053
IOHK releases a good article contrasting the various blockchain accounting methods: EUTXO (Cardano) vs. UTXO (Bitcoin) vs. Account Balance (Ethereum). This is one of those nice articles where the British guy pleasantly reads it to you if you want. Use this one to convince all your friends you are the ultimate blockchain expert: “listen Kyle...the shortcoming of UTXO accounting is....” https://iohk.io/en/blog/posts/2021/03/11/cardanos-extended-utxo-accounting-model/
Cardano devs at IOHK are the most productive in the industry! Already 3,170 commits and climbing this week! I sleep better at night knowing they are not allowed to sleep. Kidding….kidding. https://twitter.com/InputOutputHK/status/1369589307720269825
~~Actual spycam footage of Brian Armstrong watching Coinbase customers discover ADA.~~ https://twitter.com/ArmySpies/status/1370516335298420736 RETIRED!
Novogratz follows up that he’s bearish for now but will jump on a call with Charles next week. https://twitter.com/novogratz/status/1370482108553105408
Apparently the first $1200 stimulus check if invested in ADA would be $44,800 now. https://twitter.com/CryptoIRELAND1/status/1369426234883645443/photo/1
Charles gives us that real talk about why a young billionaire would devote his life to this Cardano thing. https://www.youtube.com/watch?v=T7Da6sFAxuI
Cardano uses a tiny fraction of the energy some other top-ten blockchains use. This factoid alone should allow you to hook up with eco-obsessed nature people. https://twitter.com/RichardMcCrackn/status/1370571904969551875
Now you can drive your drinking buddies crazy with your ADA obsession without even saying a word! https://twitter.com/KenzieByrne6/status/1370566690073935872
Will Babel Fees in Cardano lead to delegators receiving an almost index fund like assortment of native tokens? Will SPOs be willing to accept a wide assortment as payment for transaction fees? Will the economics of the delegation/staking landscape require SPOs to share those Babel Fee tokens with their delegators?
Will NFTs be a glaring exclusion from Babel Fees? Will I have to pay for the transaction fees on my NFT in ADA because I don’t want to give an SPO a small piece of the ownership interest in the digital art or other asset represented by the NFT?
There’s a new Crypto Time Traveler and this one loves Cardano. https://twitter.com/CryptoTimeTrav2
Business Insider covers Cardano among four other coins. https://markets.businessinsider.com/currencies/news/5-altcoins-under-the-radar-avalanche-cardano-polkadot-cosmos-graph-2021-3-1030187382
The “Cardano Pizza” event becomes an NFT. https://twitter.com/RichardMcCrackn/status/1370924728534376449
Bloomberg covers Cardano, Cites Charles as saying 100 Companies Coming Over https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges
Cardano definition added to search function in Bloomberg Terminal https://twitter.com/CryptoJeromeFR/status/1371195771798884352
Commenter Report: Africa Special has finished recording
Cryptoviser apparently is not romantically in love with us. https://twitter.com/IOHK_Charles/status/1371097989968666626
There is a Part 2 to the IOHK EUTXO discussion we reported under item 39. Good read for verbally upstaging your ETH & BTC supporting co-workers. Be the king of the post-zoom call crypto banter! https://iohk.io/en/blog/posts/2021/03/12/cardanos-extended-utxo-accounting-model-part-2/
Commenter Report: the “metamask of Cardano” speculated about previously in item 30 is the “Yoroi dApp connector”. It’ll be rolled out “with Ergo first and Cardano once Plutus is released.” https://github.com/Emurgo/yoroi-ergo-connector
It looks like this Yoroi dApp Connector info has even been detailed by Sebastien and Rob on yt. Not sure if we can link directly to this video. But, here is the link to the link. Looks like the dApp Connector talk starts at 1:23:10. https://twitter.com/NicoArqueros/status/1353203943195734017
The visionaries among us are already thinking about advanced NFT derivative instruments (some even created by AI) in our ecosystem. https://twitter.com/NicoArqueros/status/1370150347113648132
Today is staking rewards day for Epoch 253! Let’s get those duckets!
Cardano is getting a disproportionate cut of the attention market compared to its CMC neighbors. https://twitter.com/CardanoRise/status/1371431289895665665
“Ask the Doctor” is switching from ERC-20 to Cardano. Note that Ask the Doctor is linked to FD7 Ventures in Item 7 below. https://www.businesswire.com/news/home/20210315005744/en/Global-Healthcare-Platform-Ask-The-Doctor-to-Use-Cardano-for-World
We get another People of Input Output Global video. This one features Dan Friedman. He currently lives in Japan. But, the interview starts off with some very interesting stories about his youth in 1980s Kiev, Ukraine. His speaking and story-telling style is similar to the captain in a 1990s buddy cop movie (in a good way). Very interesting and compelling guy. https://twitter.com/IOHK_Charles/status/1371574441637937153
St. Patrick brings us the green today! The Liquidity Bird has landed!!!!!! We begin going live on Coinbase Pro tomorrow!!!! https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778 https://www.youtube.com/watch?v=Z2gcNkeJ4Rk
Native Token Minting Workshop released on the Slack Dev Community Channel. https://files.slack.com/files-pri/T01G2PY2E1M-F01RF61QVQS/download/minting_native_tokens.mp4
This Minting Workshop above is a follow up after a previous Native Token Workshop from 03.04.2021. https://iohkdevcommunity.slack.com/files/U01H7BUQAKS/F01Q3GT4GP7/native_tokens_workshop.mp4
The Coinbase News is allowing us to retire rumors 11, 17, and 41 above.
Today is Coinbase day! Finally! Rejoice. Trading on Coinbase Pro is supposed to open at or after 9am Pacific! https://pro.coinbase.com/ https://blog.coinbase.com/cardano-ada-is-launching-on-coinbase-pro-694b1cb8c778
Charles finally gets the blue check on twitter. https://twitter.com/IOHK_Charles/status/1372182831430955008
Perceptions are shifting on which platform will be #1 for smart contracts over the next decade. Here’s the biggest crypto youtuber asking his co-host if he’s losing faith in the traditional #1. If you’re in Cardano, you can guess which coin his answer is shifting away from. https://youtu.be/4jRCmdWva40?t=3270
Even septuagenarians are getting in on Cardano. https://twitter.com/Emini_Scalper/status/1371061383975030787
Coinbase Pro did actually happen yesterday morning. Congratulations everyone. It’s been a long road and it was beautiful watching those initial candles build on the chart after all these years. https://pro.coinbase.com/
The Crypto Time Traveler mentioned last week (Item 49) has apparently left us and now gone back to the future. It definitely adds a touch of realism when they actually leave. https://twitter.com/CryptoTimeTrav2/status/1371492636884865029
Charles delivered his pre-recorded keynote address at the Blockchain Africa Conference. His remarks support the rumor that the initial Ethiopia project will be around identity. He specifically mentioned Atala Prism. There was talk of the digital identity being able to be linked to wallets, payment systems, and property. He also reasserted that the deals on the table in Africa would bring “millions of users” into the Cardano ecosystem. https://www.youtube.com/watch?v=CGEs99I6qV8
If you haven’t seen it in the past, the Atala Prism website has a demo that works with the mobile app showing how the identity solution (along with academic credentialing, health insurance, and proof of employment) would run on Cardano. https://www.atalaprism.io/
ADA is now live on coinbase.com as well as Coinbase Pro! So, you don’t even need to understand orderbooks to buy ADA now. https://blog.coinbase.com/cardano-ada-is-now-available-on-coinbase-dd30c1e0d93a
Tim Harrison of IOG sums up this week perfectly: “Glass of nice red tonight, I think. Quite a week.” https://twitter.com/timbharrison/status/1372985361794760705
Never imagined there would be a holiday light display that flashed “Screw Doge Coin; ADA is Best” to the original Doge music. Friendly rivalry is probably good in crypto. https://www.youtube.com/watch?v=eM135pv72mY&t=31s
Charles doubles down on the declaration that Cardano’s defining moment will be when it can provide the rails for micro finance from the developed world to the developing world not as a form of charity but as a profitable financial activity for both lender and loan recipient. He thinks it will be the biggest transfer of wealth in the history of the world. He says the base infrastructure for this is being rolled out over the next 24-36 months. https://www.youtube.com/watch?v=oMRGUCLQPYo
The ADA adoption numbers are looking really good lately! https://twitter.com/nierop_pieter/status/1372686310901747712
Max Keiser is also not romantically in love with us. Charles lays down the stick pretty hard on this one. I’m saying good. If you can’t take the heat...stay out of the Cardano kitchen, my man. https://twitter.com/IOHK_Charles/status/1373027224509542403
Cardano releases an infographic that sums up all the partnerships, deployments, startups, and functionality in the entire ecosystem. We got a lot going on! https://twitter.com/IOHK_Charles/status/1373313974616215557
Here’s a really good article discussing decentralization in the context of Cardano core code maintenance. Really good job on this by cardanians.io. https://cardanojournal.com/who-will-maintain-cardano-129
The Cardano tattoo phenomenon continues to proliferate. https://twitter.com/IOHK_Charles/status/1373354182124531713
BlockFi to add ADA “as soon as we can.” https://twitter.com/SugarZeusCrypto/status/1372958662805708800
ADA Heart Pool made an awesome infographic guide to staking: https://twitter.com/InputOutputHK/status/1373310895544229892

~Army of Spies

3/21 WEEKLY WATCHLIST

[P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into battle when you think he'll win. Some of these I have taken positions. Some I am looking to take positions. I post my positions fairly regularly]

$SPY Predictions: M: + T: +W: ~Th: ~ F: +

[~ sideways]

🔑KEY🔑

[💎-Long time gold][⁉️-Could go both ways][🚀-I think this is gonna shoot up][🔥-This is picking up momentum/Has reason to pick up][⚠️-Already ran a bit be careful][👀-Watching this one closely][⭐️- Huge Catalyst or info]

⭐️PAPA JPOW 22nd 23rd 24th Speaks. Let the fed pumpo dump commense ⭐️

🔎BIG FOCUS🔍

🔍 ⭐️Telegram Specials! ⭐️$HCHC⭐️ $APXT $GNUS $GRIL $CRSR $TSLA $AZN🔎

🧨💎Telegram special at the bottom💎 🧨

🚀💸PENNYS💸🚀

$HCHC - ⭐️CEO LOADED OPTIONS HEAVY! They have close contact with EV Battery company $BLNK. I have a feeling this is going to rip up shortly. ⭐️4hr HAMMER DOJI⭐️⭐️4hr GOLDEN CROSS⭐️4hr MACD:🐮Support:$3.05/$3.40 Resistance: $4 🔥🚀👀

$SINT - Fabric that kills covid on contact. Aka HUGE. We could see a continued gap up to $4.50/$5.75 from May. TINY FLOAT! Def keep this on high alert! 4hr MACD:🐮 Support $1.79 Resistance: $2.90/$3.16/$3.30/ $3.48🔥🚀👀💎

$GNUS - ⭐️MARCH 30th is the sell the news event! Roblux partnership for a series. As well, as the Marvel agreement. Stanlees last project. 0 Debt. CEO has mass options. This company has been aligned for a buyout for ages. Anyone thats been around for awhile knows this was my first love. Support: $1.50/$2 Resistance: $2.85 Gap Up To:$3.80/$4.20/$6.80🔥🚀👀💎

$GSAT - Cathie Wood Space ETF likely buys this when it comes out. Support: $1/$1.30/$1.50 Resistance: $2.47/$2.75🔥🚀👀💎

$BOXL - ⭐️Huge Federal Funding coming for online schools. Support: $2/$2.40 4hr/Daily MACD:🐮 Resistance: $3.40 Forsee 52wk high incoming!🔥🚀👀

$SONN - Bio! Expecting news anyday now about SON-0101 Resistance: $2.95/$3.10⁉️🔥🚀

💰Honorable Mentions💰

$SOS - Super High Reward High Risk play. Watching for scalps mainly

$VISL - Another Cathie Wood Space ETF play. Rumors floating around this one. Also had SpaceX stuff last year. Worth a watch atleast. Covered calls look golden here

$NNOX - Just undervalued truthfully.

$GRAY - Super oversold. Gonna ride the way back up to $10 ish⭐️

$GRIL - Double bottomed 3/4 may look to re enter.⭐️ Daily HAMMER DOJI⭐️

$MARA/$RIOT/$TSLA/$PYPL/$SQ/$JFU/$EBON - Bitcoin Plays

$SDC - Super undervalued

💰Non-Pennys💰

$TSLA - Super Bullish with the Wood. Could see a nice gap up this week be one eyes.🔥🚀👀💎

$AZN - EU Banning their vaccine. Potential big put play here⁉️

$TUP - Massively Beatdown on earnings. YoY earnings where AMAZING but didnt beat estimates. This is a life timer hold. Support: $22/$24 🔥🚀👀💎💎

$APXT - [SPAC] SEVERELY Undervalued. Microsofts Cloud service. $30+ by end of Summer Going Public sometime in the next 3 months. Support: $11.79/$12.60 Resistance: $14/$14.75/ $15.40/$16.70🔥🚀👀💎💎

$FRX - [SPAC] Beachbody going public through this SPAC. Direct competitor to $PTON. The pullback has come and answered. ⭐️Seems super undervalued!🔥🚀💎👀

$CRSR -⭐️ Unlock period 3/22 but I think now is the time you start your position. Running massive credit puts [Bullish/Neutral]. Great company who more or less runs the streaming community with their products such as Elgato, and other gaming equipment. The semi-conductor shortage is limiting them heavily though.Fair value after lockout period imo is $38-$40🔥🚀👀💎

$YSG - The $COTY of China. Mass bulk supplier of chinese makeup lines. Has not technically turned a profit yet but I see this as having a VERY high growth potential. I'm starting a small position now with the option to down average if need be.4hr RSI: Approaching Oversold. Support: $13.80🔥🚀👀💎

$PSTH - [SPAC] Bill Ackermans worlds record SPAC. $20 NAV and the merger has been hinted at quite a bit recently but no news is known officially.🔥🚀👀💎

$POWW -Looks like a double bottom aka BULLISH. US Ammo manufacturer. $5 OFFERING⭐️ 4hr MACD:🐮 Support: $5.60 Resistance: $6.65/ $7.50/$7.80 /$8.60/$9.59🔥🚀💎👀

$HZON - [SPAC] Sportsradar going public here. If you're long on $DKNG $PENN then this is the trifecta for you!🔥🚀💎

$BB - ⭐️Vanguard has added a decent position on 6 different holdings of $BB. Doubling their position from December with an entry around $10 4hr MACD:🐮 Support: $7.50/$10.30🔥

$JMIA - This is a $70+ Ticker in the next 1-3years. 4hr RSI: OVERSOLD ⭐️Daily MACD:🐻 Support: $33/ $42Resistance: $54/$58/$63 🔥🚀👀💎

$NNDM - ⭐️KILLED EARNINGS! They make one of a kind 3d printing.Support: $7.40/$8.50/ $9.75 Resistance: $12/ $13.80🔥🚀👀💎

$TPR - Great chart. Great company. Great long term hold all around. 💎

$LLIT - NewEgg going public. Has been around for ages and is profitable.⭐️Daily HAMMER DOJI⭐️4hr MACD:🐮 Support: $8.80 Resistance:$9.50/$10.50 🔥🚀👀💎

$CLOV - Hindenburg hit this bad boy in the balls. Hindenburg special though. Should be in the very near future. Daily MACD:🐮 Support: $8 Resistance:$11.50/$12.50🔥🚀

🌝Cathie Wood Space ETF Stocks🌝

$SRAC⭐️ / $SPCE / $GSAT⭐️ / $BA / $LMT / $LORL /$COMS /$VISL

🧨TELEGRAM SPECIAL 🧨

TELEGRAM ONLY

💸March Earnings💸

$ADBE - 23rd PM

$MARA - 23rd PM

$GME - 23rd AH

$HOME - 23rd AH

$BNGO - 23rd AH

$GIS - 24th PM

$MSGM - 24th AH

$MOMO - 25th PM

$DRI - 25th PM

$GAN - 25th AH

$SPWH - 25th AH

$OPGN - 25th AH

$FBIO - 27th AH

$JVA - 26th AH

⚖️UPCOMING FDA INFO⚖️

$KNSA - March 21st

$ZEAL - March 27th

$BLUE - March 27th

$AVEO - March 31st

$ACAD - April 3rd

$SUPN - April 8th*

$FBIO - April 12th⭐️

$ATXI - April 12th⭐️

$PLX - April 27th⭐️

$ARDX - April 29th

🙏 I would like to just thank all the supporters once again. Without your constant generosity and overall positive words none of this would be possible. If you decide to donate please shoot me a PM in case I miss it. Weither its $1 or $1000 I'd still like to give you the thanks you rightfully deserve!🙏

❤️🖤💙💚🤎💛🧡💜🤍

My Links:

⭐️Cashapp: $Hamstackz⭐️

⭐️Venmo: $JDH3703 ⭐️

⭐️Paypal: http://paypal.me/PhillyDiamondhands ⭐️

Again! Thank you all for being apart of this great journey!

Does anyone have a spreadsheet template for taxes I can use?

I HODL most of my crypto (which is not a taxable event). But I've also exchanged a few thousand dollars worth of crypto for other tokens via UniSwap (which is a taxable event). I only make about $40,000 a year so I can't afford to make mistakes. I also stake a myriad of tokens and earn interest off of Bitcoin and Ethereum via BlockFi (which is also a taxable event).

But I have literally no clue as to how to document all of this and it gives me major anxiety. Am I able to simply pay an accountant to do all of it for me?... My concern is that my current accountant is an old lady who likely doesn't understand crypto.

All of this gives me major anxiety so any guidance would appreciated!

Taxes Related to Staking

I understand this subreddit is focused on Bitcoin, but I am hoping we could get a discussion started around the tax treatment of the different current and upcoming ways to stake crypto, which might also benefit users with wrapped coins (WBTC, etc.).

I have enumerated the different ways one can participate in staking below (feel free to add more if I am missing any) and for each of them, my understanding of the tax treatment after some research.

I understand the CRA has not issued specific guidance on staking so currently the recommendation is to follow the guidance for mining - either classified as a hobby (pay capital gains tax at time of sale with cost basis of zero) vs. business (pay income tax the year in which the reward is earned (and add to cost basis) and pay capital gains tax at time of sale).

Running Validator Node: maintain a node on Ethereum's beacon chain and earn ETH that cannot be withdrawn until the merge and until withdrawals are permitted

Taxable event occurs when rewards can be withdrawn - classified as hobby vs. business, see above.

Staking Through CeFi: exchange ETH for BETH and then BETH for ETH (on Binance)

Taxable event occurs when ETH is sold for BETH (and again if BETH is sold back for ETH) - capital gains tax given your cost basis for ETH (or BETH).

Staking Through DeFi (Tokenized Staking) - Running Validator Node: maintain a 16 ETH minipool (or full 32 ETH pool) through RocketPool (also need 10% RPL) and earn rETH

Taxable event occurs when the rETH is sold - capital gains tax given cost basis of zero.

Staking Through DeFi (Tokenized Staking) - Staking: exchange ETH for rETH and then rETH for ETH (noting that the value of rETH is not pegged to ETH so the staking rewards make rETH worth more than ETH)

Taxable event occurs when the ETH is sold for rETH (and again if rETH is sold back for ETH) - capital gains tax given your cost basis for ETH (or rETH).

I expect some of the above to not be exactly correct so please help us clarify the tax treatments under the different scenarios and let's get a discussion going!

I say we can still go big... If we hurry.

I know there are readers on here who don't have the Bitcoin maximalist mindset and see bitcoin going to $10 million within their lifetimes, but literally _Millions_ of people like me do. That's not hopium talking, there are plenty of polls these days. From a $60k bitcoin to a $10m bitcoin is over 166X returns on a savings account. 166 TIMES returns, probably within a decade, definitely within 2-3. What better way to come up with the vast amounts of moulah needed to fund a multi-billion dollar seasteading community?

Let's say we work on a serious proposal with blueprints and all that, and find out that a proper seastead that is self-sufficient would cost us $5 Billion USD in today's dollars to build. (totally spitballing here.) I mean really proper, such as having backups for the desal, solar, internet connections, hospital, food farming, and marina repair shops. Everything we'd need to get a community of 500 or more into the deep water.

If we wait until more people arrive and the tech is more feasible, that could be in 10, 20, or even 50 more years... But this rise in Bitcoin's price is a 1-time event that is happening in the present. The last time such a valuable thing (gold) went from worthless to the world's reserve money in the eyes of the world, it took thousands of years, but today the internet is making it happen in just a few short decades.

We really need to get started saving in a bitcoin fund NOW, so we don't miss those sick 166x gains. $5 billion of today's dollars divided by 166 is only $30.1 million dollars, which is only 501 bitcoins. And that's assuming bitcoin doesn't just keep growing in value forever. (Which it may, due to people losing coins.)

I repeat: We need to save ~501 Bitcoins now to fund a $5 billion seasteading city later. This is a totally achievable goal, especially since so many bitcoiners are already seasteaders. The more bitcoin's price goes up, however, the more that number of bitcoins in savings needs to go up as well though. We really can't afford to wait!

Yes, this comes with other challenges, such as who we can trust to watch over the private keys and how we determine & execute maturity. It would also bring up the question of how we can incentivize people to do all the work like draw up proper blueprints, research technology and materials, onboard suppliers, find & coordinate the inhabitants, etc. I'd argue that these problems all need solving no matter what approach we take, and having a large, publicly-auditable pool of bitcoins in our care would smooth these problems out nicely as it grows.

I don't have all the answers, but the problem of who to trust with the private keys seems obvious to me: We minimize the trust in any human, and put together a solid multisignature wallet with something like 10 keys that at least 8 of us would need to sign in order to spend any funds. The key bearers would be split between the folks who care the most about seasteading and the biggest donors. (Joe Quirk & Patri would obviously get one each, but if Elon Musk donated 100 coins then he'd get one too, etc.) We'd have to get all those keys in place with sound recovery strategies for each and every key before we start loading the wallet with funds.

And just in case this sounds a little too-long-term for some of you impatient folks, (myself included) we can always raise more than 501 Bitcoins. There are liberty lovers out there with literally thousands and thousands of coins and no way to spend them all in their lifetimes.

My thesis on why Bitcoin will continue exponential growth this year please provide critique

Bitcoin and the Global Stagflation Crisis of 2022/2023

Written 21-March-2021

TL;DR Bitcoin/Cryptocurrency is the only major fixed supply commodity, and there is a global stagflation crisis(which has never happened before) coming within the next year or two. Bitcoin will keep its exponential growth in value.

Background:

Inflation and low interest rates incentivize two things: borrowing and spending.

Low interest rates incentivize borrowing and spending because it makes it cost less to borrow and makes it more viable to leverage for profits by acquiring assets.

Inflation incentivizes borrowing because money borrowed now is worth more than the debt paid later since the debt loses value over time, and incentivizes acquiring assets that won’t devalue overtime unlike the underlying asset

Scenario:

The recent stimulus package just passed by the Biden administration is a nearly $2 Trillion package in total doubling the stimulus package passed by the Trump administration. The first stimulus package focused more and corporations and small businesses, leading to a package that infused a lot of money into the economy while not really affecting the consumer price index used to measure inflation. This most recent stimulus package is more focused on giving the people money to boost the economy and will affect the consumer price index significantly. Inflation numbers are hidden in the CPI due to equities and real estate not being included which have both been pumped into a massive bubble for the past couple of years. Even though the CPI shows there is no inherent rise in inflation, a common indicator of inflation is a shortage in supply caused by more buying pressure in the form of newly created money. The list for commodities and products currently in a supply shortage is massive. The list is as follows:

semiconductors/autos, headphones/game consoles, plastics, steel/aluminum, coolers/drinkware, sofas, boats, seafood, meat/dairy, roller skates, fitness equipment, garden furniture, hot tubs/baths

https://preview.redd.it/vz6z4xpukfo61.png?width=481&format=png&auto=webp&s=cecbcb7ffd1aa6255772f5ea69b396086e3c8547

This report by Goldman Sachs global investment research shows a large disruption in the supply chain, most likely caused by inflation.

This leads to the everything bubble(specifically real estate and equities), which is the finding that nearly every asset under the sun has gained a tremendous amount of value within the last several years. The bond market is starting to notice this trend and is in a massive sell off causing a spike in long term treasury bond yields. The fed is working to artificially lower the the long term treasury yield by continuing to buy debt. Jerome Powell has recently stated that the federal reserve is in the process of buying $80 billion in treasuries and $40 billion in mortgage backed securities. Which will keep the stock market to continue rising as well as the housing market. Many in the bond market are afraid of these recent actions and continue to try and liquidate their positions to flee to assets that will not devalue like the dollar. This has caused a lot of volatility in the last several weeks in the market. Jerome Powell has gone on the news to try and calm the market down. In summary, he has stated that the economy is not doing well in many sectors as unemployment is still in high numbers especially in the African American and Hispanic demographics and this is his number one priority. He says that the fed does not plan to raise rates any time soon until this problem can be fixed. So everyone knows inflation is coming, but his response? He stated that this inflation is transitory and will only affect the United States for a short amount of time. He expressed that inflation levels moderately above 2% for some time is an appropriate action. Another question is how much does "moderately above" mean, and how much is "for some time"? I believe that he believes that he can fix this economy through monetary policy. I trust that he will continue to print money until the cows come home, because there are multiple incentives for inflation right now. One obvious incentive as stated before is stimulating the economy, but another hidden incentive is lowering the national debt. Rising inflation devalues the tremendous debt that the United States holds and I think this is a major underlying factor to keep inflation at high levels for a long time. So where does all this end?

Tinfoil hat theory:

The end is coming for this massive bull run, but it has two outcomes. A continued rise of fear in the bond market raises bond yields to a point that the United States cannot reasonably control the interest rate without absolutely destroying the dollar. Another end scenario is the end of the global pandemic itself, when most of the population is vaccinated and the economy is starting to look healthy again causing the stimulus to end . In the pandemic many companies have struggled and lead to a massive amount of corporate debt being created. The size of the corporate bond market in the U.S. has ballooned to $10.5 trillion dollars and a significant portion of this debt is linked to zombie companies(look up the definition of zombie company if unfamiliar). If rates rise it will create a domino effect of killing the current zombie companies while also adding more to the list. A raise in rates will also kill the housing market bubble. As borrowing becomes more expensive, less buying pressure will cause real estate prices to fall leaving many new homeowners left holding the bag. This will also cause these new home owners to possibly sell their homes to buy a more valuable home for the same price as their current home further lowering the real estate market. Also as rates rise, the cash flows of many companies start to look very unappealing leading to a massive sell off in the stock market.

With these two outcomes, they are heavily leading to a stagflation crisis for the United States, but this is still looking at the small picture. The actual big picture of this is that all of these events are not localized to the United States and almost every country in the world is doing this in some form. What we are looking at is a global stagflation crisis which has never happened before. For future outlook, there are two countries of focus on specifically Japan and China. Japan is probably the most famous example of stagflation and how it affected their economy. In the 1980’s we saw a massive rise in the Nikkei 225(Japanese market index). In the late 1980’s is when the stagflation crisis hit Japan and they did not recover from their equity values until as of recently. Which has taken 40 years to recover. One thing to consider is if they actually recovered or not? I believe that they just reset the clock on stagflation as they, like all other countries in the world, tried printing their way out of the coronavirus problem, causing a possible stagflation round 2 for japan.

Picture of Nikkei 225 below:

https://preview.redd.it/3ihzk4oxkfo61.png?width=499&format=png&auto=webp&s=7bb49cb08c9bab7a56c0feefc5cdfbd082aab2c3

I believe China can be a good indicator of the future of America’s economic market, because they arguably got hit just as hard, they are also in the same bubble scenario that most countries are in, have similar economic size, and are ahead in the coronavirus recovery cycle. Recently Beijing is set to “tighten credit policy, particularly in the property sector, as evidence that economic growth has reached its peak and is set to decline”, and “Chinese economic analyst think that United States will maintain its loose monetary policy until at least the end of 2023 to support its economic recovery and labour market have reinforced concerns in Beijing as it tries to reduce the risk of domestic asset bubbles by gradually tapering off stimulus policies enacted last year”

Source for quotes: China Macro Economy/Chinese economists debate potential for domestic stagflation, with most dismissing the risk by Cissy Zhou

This is the beginning of a financial crisis the world has never seen before and I think marks the beginning for bitcoin becoming a currency for the world.

Bitcoin is a limited asset. Before bitcoin there was no fixed supply asset. The closest thing to compare bitcoin to is gold as a store of value. Gold is inherently a terrible store of value due to the constant dilution of value caused by a yearly increase in global available supply. A common argument for Bitcoin is that it has no intrinsic value, which is objectively false. Robert Metcalfe who is an early pioneer to starting the internet and co-inventing the ethernet, is a prominent figure who received the 2003 Marconi award for promulgating what is known as Metcalfe's Law. Metcalfe’s law states that the value/utility of a telecommunications network is proportional to the square of the number of connected nodes/users of the system. Before this year I would have argued that Bitcoin was a risky investment, but the network now has a lot of support and is quickly growing in functionality. Investing in Bitcoin is becoming more mainstream as people like Kevin O’Leary publicly stating that he allocates 3% of his portfolio to bitcoin, many companies like Tesla are starting to acquire Bitcoin, Many fintechs like Paypal are starting to utilize bitcoin, Bitcoin is starting to look more attractive to big banks as they acquire cryptocurrency assets and exchanges like the Bank of New York Mellon, and last but not least exchange traded funds centered around bitcoin are being created and coming to the stock market. The more people that invest in bitcoin, the more the value grows exponentially and the safer it becomes. It is argued that bitcoin looks like a bubble and is part of the everything bubble, but I only think that is partially true. As every nation's currency lowers in value, bitcoin starts looking more and more attractive as a hedge, and the more people investing in bitcoin, the more the value and safety of bitcoin as an investment increases. I think it is safe to say that bitcoin will easily double in value before the end of the year.

This is not financial advice do whatever with your money.

Storing between 10 and 20 BTC. Am I at risk with my methods?

So, this is a throwaway for obvious reasons. I'm going to give enough detail for hopefully a good conversation and an accurate assessment of the situation but I won't be taking screenshots or photos to supply proof. Believe me or don't but I would just really like to get the opinion of a lot of smart people who know more than I do about this topic. (I'm no slouch, but I know I don't know everything.) In advance, thank you for anything you can contribute.

I currently hold between 10 and 20 BTC in a wallet.dat file attached to Bitcoin Core 0.21.0.

The software is installed on a top of the line enterprise grade laptop. It is a brand new machine that was sealed in the box. It has Windows 10 on it and was NEVER used for anything else. Windows has been updated as have all the drivers, BIOS, etc. No plugins have been installed in the browser. (Edge Chromium.) The SSD in this laptop is encrypted using a complex password that has never been used anywhere else. Also, I am the only person who has ever touched this laptop (since it left the factory of course) and this laptop was chosen randomly from a stack of around 50 identical machines. There is no way that anyone knew I'd ever be using it for this purpose. This laptop has not been compromised.

The laptop is stored in a large safe inside a locked and hardened room that is monitored for entry by a dedicated security system and there are cameras in the room. Nobody can get into this room without me knowing.

The WiFi network that this laptop connects to is dedicated to just this laptop. Device isolation is enabled, meaning that even though no other devices are on this network, even if there were, the router doesn't allow them to communicate with each other. Internet access is the only thing permitted for this network. The password for the WiFi network is complex and hasn't ever been used anywhere for anything else.

The wallet.dat file is encrypted using Bitcoin Core's standard password method. The password is quite long, complex and hasn't been used anywhere else for anything ever. I'm not, at least for the purposes of this discussion, overly concerned with the risk of losing that password and losing access to the wallet.dat file. Let's assume that the password is adequately backed up and that instructions have been left with a lawyer in the event of my untimely demise. (And that the lawyer can be trusted, etc.)

The wallet.dat file is a newer HD version and several backups of it have been taken both before and after the BTC was associated with it. BTC has been received by multiple addresses in the wallet.dat file. (Between 5 and 10 receiving addresses.)

I have taken another brand new identical laptop and have installed Windows fresh along with Bitcoin Core. I've taken the backup of the wallet.dat and have successfully restored it to the second machine. I also performed a test transaction by initiating a send, entering the password for the wallet and then aborting once the final confirmation window showed. (Only shows after a successful password has been entered.) Everything worked fine. (I have since secure erased the SSD in the second laptop BTW.)

If my house burns to the ground, I have the wallet.dat and passwords backed up sufficiently that I can recover. (I do not have the passwords digitally recorded anywhere.) One thing I have not done is extract my private keys from my wallet.dat file.

Ok. Here are the million dollar questions:

What could go wrong with my methods?
How could someone attack me outside of a $5 wrench attack?
How could I screw it up so monumentally that I lose my BTC?
Is there a benefit to getting a hardware wallet like a Trezor? What, really, is the difference? (I don't care about the cost of the laptop or comparing the cost of the laptop to a Trezor.)
Should I be extracting the keys from my wallet.dat file and storing them safely somewhere in addition to keeping the file backed up securely? What is the benefit if so? (Obviously an offline method would be used.)
Is there anything I'm doing that is a significant risk that can be mitigated by some suggestions you might have?

Thanks for reading and for anything you can contribute. See you all on the moon!

Rank 80 account with Makoto, Djeeta, Akino and 62,500 crystals + 103 gacha tickets.

I'm looking to sell my rank 80 account. I've been playing since shortly after global launch and the account is in good health.

I've barely rolled gacha at all since starting (about 50 rolls total). I re-rolled for Makoto, also got Djeeta and Akino along the way, and since then I've been stockpiling crystals for upcoming seasonal banners (possibly excessively so!) I do have most of the notable 2*, including Tamaki, Miyako, Kaori, Shiori, but I'm missing some such as Kuuka. I've not spent anything on the game, so start dash etc is still available.

Account has been played daily, usually with 3 refreshes, and nearly all content is cleared except for the latest batch of hard quests. I was in a good crew for both CBs (150-300 tier) and farmed the first event properly.

Currency: I have 62,500 crystals + 103 gacha tickets. I've been up to rank 177 in battle arena and rank 817 in princess arena, so there are still more crystals to be earned there, though not a huge amount.

I'm looking for $70USD by bitcoin. If interested, you can reach me here or on discord (crunchy#8925).

I've been playing on tablet rather than pc, so taking screenshots is a chore, but I will sort something out if there is any interest in the account.

I saw we can still go big... If we hurry.

I know there are readers on here who don't have the Bitcoin maximalist mindset and see bitcoin going to $10 million within their lifetimes, but literally _Millions_ of people like me do. That's not hopium talking, there are plenty of polls these days. From a $60k bitcoin to a $10m bitcoin is over 166X returns on a savings account. 166 TIMES returns, probably within a decade, definitely within 2-3. What better way to come up with the vast amounts of moulah needed to fund a multi-billion dollar seasteading community?

I repeat: We need to save ~501 Bitcoins now to fund a $5 billion seasteading city later. This is a totally achievable goal, especially since so many bitcoiners are already seasteaders. The more bitcoin's price goes up, however, the more that number of bitcoins in savings needs to go up as well though. We really can't afford to wait!

Prologue, Volume 1, Assassin's Creed Dilemma

*DISCLAIMER The characters and events depicted in this post are fictitious. Any similarity to actual persons, living or dead, is purely coincidental. This is a series of fanfiction of Assassin's Creed lore set in South Korea starting in September 2012 CE. The copyright of the following fanfiction all goes to 100% u/WagieCagie*.* Any individual may feel free to share the images, texts, and contents of the following fanfiction. If so, I only ask the individuals to credit me by mentioning my username u/WagieCagie.*

“When I was a little girl, the first thing I remember is a bag full of money. Just tons of money I accidentally found in a large suitcase in a room. As I was just a 6 year old who thought the largest currency in the world was the largest coin, 500 Won, I had no idea how much there was in the paper bill. But I’m sure it must be worth over 9 billion Won. Another thing I remember in the room that day was my Sailor Moon doll. My one and only favorite thing in my entire childhood as it made me feel safe and accompanied.”

A bump on the road as well as a gentle thud on the left shoulder wakes her up at the right timing.

“Hey, wake up! il-uh-nah-yo!” gently yells Jackson.

“Mmmmh… Thanks for waking me up; are we here?” replies Min-Jung rubbing her tiresome eyes.

“You look extra tired than usual. Gwen-chan-a-yo?”“It’s all right. It’s just the stupid same dream I’ve had for a long time. By the way, does my English sound terrible to you?” asks Min-Jung, raising her eyebrow with a smirk.

“Nono, not at all! It’s just that I want to continue practicing Korean even though I’m American - finding your heritage, right?” answers Jackson with his awkward high-pitched voice when nervous.

“Hey, Jackson. I know that she is pretty with her kpop girl look but will you just give a break to the poor girl? She has a lot of work to do; and, I think you also have a lot as well, right?” interrupts Da-Hye as she gets off from and closed the door of Starex.

“Sorry, Da-Hye! mi-an-hye-yo” replies Jackson in a quick yet sharp tone.

“Mister, I truly appreciate you for trying to respect and learn the culture and mindsets of us native Koreans; but, I also want to practice my English. And who’s your superior?”

“You.. Ms. Ko” answered Jackson in a rather sad tone this time.

“Good. Then let’s continue speaking in English, capiche?”“Yes, boss lady!”

“Come on, Da-Hye. He’s just trying to be helpful to us. You know that he’s the next best historian since Shaun Hastings, especially for our operations. I’m sure he must have been through a lot on the stateside to get where he is now as well. Let’s work together on this one, please?” Min-Jung joins the conversation.

“Yes.. sorry, Min-Jung.” both assistants apologized to her.

As the three Assassins are unloading crates from Starex, a call reaches Jackson’s phone.

“Yellow?” asks Jackson in a juvenile voice.

“Jackson, I get that you are Korean by blood but you know I don’t like you saying it. It feels just.. weird when you say it.”“Nothing is true. Everything is permitted.” Jackson replies back sarcastically in Italian an accent.“Okay, you are crossing the line now. Da-Hye, get Jackson back to the stateside; mission abort.”“Bishop, if only this mission were just about tracking down some money laundering on bitcoin, I’d finish the job in 10 minutes and personally escort this maniac back to O’hare. But unfortunately, you know this mission is not.” Da-Hye talks loudly over Jackson’s shoulders to reach Bishop on speakerphone.

“Yes.. if only, Da-Hye. Have you arrived at our warehouse under Song-Gong Mountain?” quietly sighs Bishop.

“Yes.” says all three.

“Great. Hope you get yourself comfortable inside because the last time it was used was when a group of Mentor Baek’s recruits didn’t have enough time to do vacuum cleaning before leaving back to Japan a few months ago.”

“No worries, Bishop! I’m sure Mr. Jackson will do the chores for his lady before she enters the Animus.” winks Da-Hye at Jackson.

“Alright, as long as you three are working together, that’s all that matters. Remember. I will be checking on you guys once every few weeks but besides that, you are all you have. Abstergo may have long dominated here but there is still hope in the east. We’ll do our best to deal with the mess in the western hemisphere; in the meantime, use whatever means necessary to pioneer a new generation of the brotherhood in your hometown then expand. There is a reason your people have been the only divided country for over 60 years on Earth due to the conflict between the first Korean Templars and Assassins back then. Unfortunately, the lost generation of both sides went off-grid and worked behind the scenes of modern Korean history. I assume it might be a little different to the Templars, but shortly after the Korean war, the Korean assassins both, seemingly and allegedly, cut contacts with us in the west, thus the loss of all records of the entire Korean brotherhood. But thankfully, now with Mentor Mochizuki’s support, your team is the first-ever Korean brotherhood to receive the replica of the official Animus of Abstergo - design sent by Rebecca Crane. Your missions are to

Figure out who exactly the original Korean assassins were
Check any individual in Korea who came in contact with the pieces of Eden hidden throughout the history of the peninsula (well, at least just the southern half; my bad)
Confirm the locations of any precursor artifact or temple/vault.

I myself have no idea exactly when we will be able to deal with the Templars in the west; but, one thing I know for sure is that we will ask for your help more and more in the future should things go south for us. So please find out contingencies and alternatives for our future while we still have time. Good luck, bishop out.”

“Yeah, totally no pressure at all, guys. Cheer up! Let’s first get some Shin Ramen. A hearty meal for a hearty job, eh?” Da-Hye tries her best to solely boost the morale of her team whilst the other two’s faces turn pale as they had not expected their responsibility to be this much.

“Come on, guys! Once this is all over, I know the best sam-gyup-sal place in Seoul! A good friend of mine runs the place; I bet it’s even juicer and tender than those American briskets, Yankee boy.”

“Wow, now you are crossing the line, boss lady! I’ll show you how much better briskets are than sam-gyup-sal on holidays.” Jackson reacts to Da-Hye’s humor accordingly to not discourage Min-Jung who most looks sad and lethargic already.

“But.. when will we have our holidays if the brotherhood in the west fails?” softly asks Min-Jung.

For the first time, both Da-Hye and Jackson are speechless and stutter for more than 20 seconds.

“N, nothing to worry, Min-Jung! Jackson and I will be here to protect you 24/7 and make you feel like you are on vacation right now. Your most favorite snack since childhood is cream & red bean bread with banana milk, right? Jackson will drive to the town and pick up all the things you always enjoy by the time you wake up from Animus! Right, Jackson?” Da-Hye pats Min-Jung’s round head with her long black hair.

“The training has already been too much for me.. But I guess I’ll do my best for you guys.. Let’s just get on with it” Quietly says Da-Hye, already on the chair while her two other partners haven’t finished setting up yet.

“Okay, okay, Min-Jung. Then please take some nap on the chair as you said you had a bad dream in sleep at the truck. We’ll get you connected to the Animus and wake you up in the Animus! ja-go-it-suh-yo” Jackson smiles and gently talks to her.

“Thank you, guys, for setting the things for me. I’ll take a nap for now. Wake me up whenever you want in the Animus. I just need a little bit more sleep..” Min-Jung closes her eyes then quietly inhales and exhales slowly through her nose soon after.

Crypto Day Trading Anyone? Yesterday during our Daily Play by Play chat someone brought up Voyager Digital Ltd. (OTCQB:VYGVF) so I decided to do some DD on it!

That said there are other ways to trade Crypto. I have been doing it by OTC market traded Grascale Bitcoin Trust GBTC and Ethereum Trust ETHE. Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. I do not like to trade on OTC Markets as it could be thinly traded and you may end up paying premium for entry and exit points. The only way to avoid this is to us limit buy/sell orders and for that you need to monitor your entry and exit points using whatever platform you are using.

Now to the topic, one of the forum members mentioned Voyager Digital yesterday so I decided to look it up and do some research. If you’re interested in getting some crypto exposure without dipping your feet into the nebulous world of coins, perhaps Voyager is worth looking into.

Thanks to https://www.hotstocks.news/about he did a good DD on Voyager. Since he covered it last Wednesday, the stock has gone up close to +15%. Further information was summarized from this article published by Beth Kindig and Jessica Ablamsky on March 17, 2021.

TLDR

Voyager Digital Ltd. is basically a digital platform that focuses on enabling users to buy and sell digital assets such as cryptocurrencies. Voyager was created by one of the co-founders of Uber, together with executives of E*TRADE, TradeIt and Lightspeed Financial. The Voyager app enables its users to trade 55 cryptocurrencies in a fully secure environment. Users can earn interest on their deposits and trade 100% commission-free. Voyager doesn’t charge commissions on crypto traders, which is a big differentiator from competitors like Coinbase or Binance, for example. Actually, Coinbase can often charge ridiculous commissions (a $5k trade could cost you as much as $80 in commissions). So that gives a valuable edge to Voyager. The app supports Bitcoin, leading DeFi (decentralized finance) tokens, and stable coins, among a variety of other altcoins and allows you to trade many tokens that Coinbase or Kraken does not support. For example, Voyager offers Dogecoin, a meme coin pushed by Elon Musk. It also offers interest on Bitcoin, Ethereum, Polkadot, and Chainlink. The Voyager app is currently only available in the US, but there are plans this year to expand to Canada and Europe, as well as to launch a debit card. Voyager also comes with the added benefit of offering 9% interest on stable coins as the company is a consortium for stable coins, including USD Coin (USDC) and Tether’s USDT, which have surpassed $7 billion in circulation. As such, it provides exposure to decentralized coins like Bitcoin and stable coins based on the fiat system.

A direct competitor of theirs would be Coinbase Global, which is the largest U.S. cryptocurrency brokerage, and which announced, that it would go public through a direct-listing initial public offering that could value the company at more than $100 billion. In comparison, Voyager had as a market cap of $2b. That’s quite a big gap.

If Voyager were to reach even a 10th of Coinbase, the stock would 5x. Robinhood, on its end, is lacking in crypto offerings and it seems like Voyager has already come at them and eaten some of their crypto-oriented user base according to this article.

In terms of financials, take a look at the below, courtesy of Seeking Alpha.

Voyager Digital announced record Q2:21 revenue of $3.6 million. In February, the company experienced rapid growth surpassing $1.7 billion in AUM (assets under management) and $20 million in monthly revenues. Voyager grew from $5m in AUM in Dec 2019 to $1.7b in Feb 2021 (a 340x), and from 8.5k trades processed in Dec 2019 to 2m trades processed in Feb 2021. That’s some serious growth. VYGVF expects strong growth to continue, led by geographical expansion, new product launches, and platform enhancements. Some examples of new products include the development of debit and credit cards, margin products, desktop, and continued expansion of its interest program. In addition to adding new features and implementing platform enhancements, VYGVF is also focused on expanding internationally and bringing the Voyager App to investors in other countries.

Voyager is FDIC-insured. However, the crypto held with Voyager is not insured. Gemini, which operates as a trust, has private insurance. Crypto investors generally store their assets on a cold storage crypto wallet, which means it is not connected to the internet. In the event there is no insurance, the risk to cold storage wallets is minimal.

Voyager reported roughly 400% growth from December to January, and 132% growth sequentially from January to February for total monthly revenue growth of over 1000%in a two-month period. Basic users grew from 150,000 in December to 440,000 by early February. The company reported 605,000 verified users at the end of February.

The company closed a private placement of $46 million on January 21st, 2021.

Voyager has seen 75%+ sequential quarter growth with increasing operating margins in 2020. Per the Investors Presentation, Voyager had a previous goal of reaching $20 billion AUM based on $500 million AUM as of Q1 2021 (this was achieved at nearly 3X the company’s original goal with currently $1.7 billion AUM). The company believes it can achieve 90% CAGR on number of funded accounts and 35% CAGR on average account size.

How does Voyager Make Money? Voyager’s revenue is not dependent on commissions or fees. The company plans to introduce a debit card, credit card, margin, loans, and advisory products over the next year or so. Right now, the business model creates revenue in two specific ways:

Smart Order Routing: When you place an order to buy or sell a cryptocurrency, Voyager provides a listed price that you accept. It then connects your order to 12 exchanges. Unlike securities, which by law must have the same price across all domestic exchanges, cryptocurrencies are priced at variable levels. In other words, the same coin can be listed at two different prices at the exact same time. Voyager uses your order to capitalize on this inefficiency by performing an arbitrage across various exchanges. The profits from such a move would typically surpass any commission or fee, allowing Voyager to provide exceptional pricing. Voyager will thus share the profits from this arbitrage with you in an attempt to execute your order at a lower price than you agreed to.
Voyager operates like a bank. However, Voyager is not considered a bank or a broker-dealer. In their terms and conditions, Voyager very clearly states “We will lend, sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of funds and cryptocurrency assets to counterparties, and we will use our commercial best efforts to prevent losses.” If you receive a loan from a bank, the loan is used by the bank as collateral for other investments. This creates multiple derivatives on a single asset. This is similar to Robinhood in that the users take on counter party risk. Should Voyager become insolvent, you will need to stand in line behind other creditors to receive your money back. For taking on this risk, Voyager offers significant yield in a yield-starved economy. Like a bank, a minimal deposit must be kept to receive this interest payment, which can be as high as 9%. As part of this program, it may take up to 7 days for you to withdraw any crypto from your account. Voyager Digital is engaging in fractional lending practices, which banks have been doing for centuries.

Last March, Voyager acquired Circle Internet Financial’s trading app, which provided an additional 40,000 clients. The acquisition strengthens Voyager in offering the USDC stable coin that has $7 billion in circulation. Circle is backed by Goldman Sachs and is the founder of the consortium for USDC. The USDC coin allows global transfer of dollars at an instant and for a very low transaction cost. The stable coin is part of a consortium that is also sponsored by Baidu, IDG Capital and Bitmain with participation on trading apps, such as Voyager and Coinbase. The supply of USDC has grown by 41% since the start of 2020. A recently announced acquisition of France-based digital asset exchange LGOUY expands Voyager Digital’s reach into Europe.

RISKS

It would not be a proper analysis on a crypto exchange unless we discussed the risks involved. Hacks that result in a loss of assets are no longer as likely due to enhanced security measures and custodians. Yet it bears mentioning that Mt. Gox was hacked in 2014. At the time of the hack, Mt. Gox was the largest crypto exchange globally, handling around 70% of all transactions worldwide, totaling $3 billion. The hack resulted in a loss of about 6% of all bitcoins in existence at the time. The company went bankrupt, as all remaining assets were frozen. An investor who held their crypto at the Mt. Cox exchange lost most, if not all, of their investment. Voyager Digital was hacked as recently as December of 2020, but no customer data or assets were lost as the company shut down its systems when the vulnerability was detected. Cryptocurrencies do not come with FDIC or SPIC insurance. FDIC protects depositors from banks becoming insolvent, providing guaranteed insurance of up to $250,000. The SPIC protects investors from a broker-dealer going bankrupt, providing insurance up to $500,000 in the unlikely occurrence of a broker-dealer becoming insolvent.

Counterparty risk is a reality for any crypto investor holding their coins at an exchange/custodian. If a custodian does not segregate coins and provide unique private keys that the company cannot access, the risk remains that an investor could lose a portion of their coins in the event of insolvency.

This happened to BitGrail in 2019, an Italian exchange. The courts declared that because all crypto deposits were directed towards the primary address of the exchange, and were not segregated, it was impossible to determine the coins’ ownership. Thus, the remaining coins were used to pay off creditors, wiping out most of the individual investors using that exchange.

To be clear, we don’t think this will happen with Voyager but are providing a 360-degree view of the risks. We think the crypto landscape has become much more secure since Mt. Gox and BitGrail, and these old stigmas prevent many investors from participating in this sweeping trend.

Voyager Digital is a thinly traded over-the-counter (OTC) stock. The OTC markets come with higher risk as there are no central brokers compared to stocks traded on the Nasdaq. As a small cap OTC stock tied to crypto moves, Voyager promises to be a roller-coaster ride.

Conclusion

Voyager Digital’s growth is largely undetected by the market at this time and we think this is a boon to investors. With Goldman Sachs leading the IPO, Coinbase will be fully priced by the time it hits the market and we are not keen on direct listings as they did not perform well for retailers if we look at Spotify and Slack. At that price and under those terms, we will not be considering Coinbase as we feel our money is better spent on other stocks, crypto and blockchain companies that are less hyped. In our opinion, Voyager is a serious competitor to Coinbase – and most certainly to Robinhood. For our goals and desired gains in the I/O fund, we will take the 10 forward P/S on a company growing rapidly rather than an overpriced DPO at a much higher valuation.

If the above was not too long and anyone interested in reading the full article go here:

https://beth.technology/why-were-skipping-coinbase-and-prefer-voyager-digital-overview-of-crypto-trading/

I am not a financial advisor so trade at your own risk!

Voyager Digital Research

Crypto Day Trading Anyone? Yesterday during our Daily Play by Play chat someone brought up Voyager Digital Ltd. (OTCQB:VYGVF) so I decided to do some DD on it!

TLDR

In terms of financials, take a look at the below, courtesy of Seeking Alpha.

The company closed a private placement of $46 million on January 21st, 2021.

Smart Order Routing: When you place an order to buy or sell a cryptocurrency, Voyager provides a listed price that you accept. It then connects your order to 12 exchanges. Unlike securities, which by law must have the same price across all domestic exchanges, cryptocurrencies are priced at variable levels. In other words, the same coin can be listed at two different prices at the exact same time. Voyager uses your order to capitalize on this inefficiency by performing an arbitrage across various exchanges. The profits from such a move would typically surpass any commission or fee, allowing Voyager to provide exceptional pricing. Voyager will thus share the profits from this arbitrage with you in an attempt to execute your order at a lower price than you agreed to.
Voyager operates like a bank. However, Voyager is not considered a bank or a broker-dealer. In their terms and conditions, Voyager very clearly states “We will lend, sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of funds and cryptocurrency assets to counterparties, and we will use our commercial best efforts to prevent losses.” If you receive a loan from a bank, the loan is used by the bank as collateral for other investments. This creates multiple derivatives on a single asset. This is similar to Robinhood in that the users take on counter party risk. Should Voyager become insolvent, you will need to stand in line behind other creditors to receive your money back. For taking on this risk, Voyager offers significant yield in a yield-starved economy. Like a bank, a minimal deposit must be kept to receive this interest payment, which can be as high as 9%. As part of this program, it may take up to 7 days for you to withdraw any crypto from your account. Voyager Digital is engaging in fractional lending practices, which banks have been doing for centuries.

RISKS

Conclusion

If the above was not too long and anyone interested in reading the full article go here:

https://beth.technology/why-were-skipping-coinbase-and-prefer-voyager-digital-overview-of-crypto-trading/

I am not a financial advisor so trade at your own risk!

Some research on Voyager Digital Ltd. (OTCQB:VYGVF)

If you’re interested in getting some crypto exposure without dipping your feet into the nebulous world of coins, perhaps Voyager Digital (OTCQB:VYGVF) is worth looking into.

To be clear I have not been directly trading Bitcoin and Ether coins because Bitcoin is not regulated as it is not considered to be electronic money according to the law. Financial institutions are not allowed by central bank to facilitate Bitcoin transactions. Some platforms like Coinbase may issue the IRS Form 1099-MISC while others may not leaving you to keep track your gains and report the income. That said there are other ways to trade Crypto. I have been doing it by OTC market traded Grascale Bitcoin Trust GBTC and Ethereum Trust ETHE. Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

Thanks to https://www.hotstocks.news/about

he did a good research on Voyager. Since he covered it last Wednesday, the stock has gone up close to +15%. Further information was summarized from this article published by Beth Kindig and Jessica Ablamsky on March 17, 2021.

TLDR

A direct competitor of theirs would be Coinbase Global, which is the largest U.S. cryptocurrency brokerage, and which announced

that it would go public through a direct-listing initial public offering that could value the company at more than $100 billion. In comparison, Voyager had as a market cap of $2b. That’s quite a big gap.

In terms of financials, take a look at the below, courtesy of Seeking Alpha.

The company closed a private placement of $46 million on January 21st, 2021.

Voyager has seen 75%+ sequential quarter growth with increasing operating margins in 2020. Per the Investors Presentation, Voyager had a previous goal of reaching $20 billion AUM

based on $500 million AUM as of Q1 2021 (this was achieved at nearly 3X the company’s original goal with currently $1.7 billion AUM). The company believes it can achieve 90% CAGR on number of funded accounts and 35% CAGR on average account size.

Smart Order Routing: When you place an order to buy or sell a cryptocurrency, Voyager provides a listed price that you accept. It then connects your order to 12 exchanges. Unlike securities, which by law must have the same price across all domestic exchanges, cryptocurrencies are priced at variable levels. In other words, the same coin can be listed at two different prices at the exact same time. Voyager uses your order to capitalize on this inefficiency by performing an arbitrage across various exchanges. The profits from such a move would typically surpass any commission or fee, allowing Voyager to provide exceptional pricing. Voyager will thus share the profits from this arbitrage with you in an attempt to execute your order at a lower price than you agreed to.
Voyager operates like a bank. However, Voyager is not considered a bank or a broker-dealer. In their terms and conditions, Voyager very clearly states “We will lend, sell, pledge, rehypothecate, assign, invest, use, commingle or otherwise dispose of funds and cryptocurrency assets to counterparties, and we will use our commercial best efforts to prevent losses.” If you receive a loan from a bank, the loan is used by the bank as collateral for other investments. This creates multiple derivatives on a single asset. This is similar to Robinhood in that the users take on counter party risk. Should Voyager become insolvent, you will need to stand in line behind other creditors to receive your money back. For taking on this risk, Voyager offers significant yield in a yield-starved economy. Like a bank, a minimal deposit must be kept to receive this interest payment, which can be as high as 9%. As part of this program, it may take up to 7 days for you to withdraw any crypto from your account. Voyager Digital is engaging in fractional lending practices, which banks have been doing for centuries.

RISKS

There is a report on Bitcoin and Altcoins by Ray Dalio of Bridgewater published in Jan 2021 which is a fascinating read and I would like to add that report to the RISK section of this post. Here is the complete report:

https://www.bridgewater.com/research-and-insights/our-thoughts-on-bitcoin

Conclusion

If the above was not too long and anyone interested in reading the full article go here:

https://beth.technology/why-were-skipping-coinbase-and-prefer-voyager-digital-overview-of-crypto-trading/

I am not a financial advisor so trade at your own risk!