Monday, June 14, 2021

ARK Invest’s Yassine Elmandjra postulates if businesses in El Salvador, and other emerging markets, demand payment in Bitcoin instead fiat, this could lead to fiat devaluation and exacerbate inflation. If hyperinflation ensues, watch out!

El Salvador has become the first country in the world to adopt bitcoin as legal tender. On Wednesday, the Salvadoran Congress approved a bill drafted by President Nayib Bukele to make bitcoin legal tender. The bill passed with 62 out of 84 possible votes, a supermajority.

Now that the bill has passed into law, in El Salvador prices can be denominated in bitcoin, tax contributions can be paid in bitcoin, exchanges in bitcoin will not be subject to the capital gains tax, and merchants must accept bitcoin as payment. The entire bill can be read in full here.

According to Coindesk columnist Frances Coppola, by adopting bitcoin El Salvador is committing to a hard-currency peg and more monetary discipline, breaking with its monetary and fiscal policy dependence on the US.

As we highlighted in a whitepaper published last year, bitcoin could become an important savings vehicle in emerging markets, so much so that businesses might demand payment in bitcoin instead of fiat. If so, the velocity of their fiat currencies would accelerate, causing currency devaluation and exacerbating inflation as measured by their sovereign currencies. In the unfortunate event of hyperinflation, fiat-denominated debt would become worthless and dollar-denominated bonds unpayable.

While the Bitcoin network has not evolved enough to service an entire economy, in our view the demand for bitcoin in emerging markets could increase as its infrastructure scales and reaches critical mass. We believe iif bitcoin were to capture just 5% of the global monetary base outside of the four largest fiat currencies - US dollar, yen, yuan, euro - its market cap could increase by roughly $2 trillion.


Top 25 DeFi Terms Everyone Should Know

Decentralized Finance, or commonly known as DeFi, is one of the fastest growing sectors in blockchain. According to DeFi Pulse, as of March 3rd, 2021, DeFi has more than 40 billion USD locked in the system, and this number has tripled since December 2020.

BARMY EXPRESS

During the DeFi craze, many investors have put their capitals in DeFi projects even though they are not really knowledgeable about them. Warren Buffett once said that he only invests in companies he understands well. If you are not knowledgeable about the DeFi projects you fund, you will not be able to assess their future potentials and the risks you may face.

Therefore, to make it easier for you to learn about this field, we will provide you with basic DeFi terms in this article. First, shall we find out what DeFi is?

Common DeFi Terms

To get a better grasp of DeFi as well as the benefits and risks that come with it, you need to take a deep dive into the jargon. Below are some basic concepts in DeFi listed in alphabetical order.

AMM (Automated Market Maker)

AMM or Automated Market Making model is a protocol in the DeFi ecosystem that automatically calculates asset value based on algorithms instead of a conventional order book. AMM allows tokens to be traded automatically using a liquidity pool via smart contracts. For example, if you want to buy 1 ETH with USDT, the smart contract will send your request to the liquidity pool and calculate the amount of USDT required for this transaction.

APR (Annual Percentage Rate)

APR is the annual interest rate on a loan or savings account, excluding compounding.

Example: If a savings account has a quarter interest rate of 5%, then the 12-month interest rate of that savings is: 5% x 4 = 20%

APY (Annual Percentage Yield)

APY is the actual annual rate of return, including compounding.

Example: If the quarter interest rate of a savings account is 5% and the interest rate is compounded, then the APY that savings is: (1 + 0.05) ^ 4 – 1 = 0.2155 = 21.55%

Collateral

Collateral is pledged assets when you want to take out a loan. In DeFi, the collateral must be different from the assets you borrow. For example, you mortgage ETH to borrow DAI. This mechanism is similar to pledging real estate to borrow money. To avoid a liquidity shortfall, you must mortgage assets that are worth more than the loan with the ratio ranging from 125% – 150%. For example, you need to mortgage $100 ETH to borrow $70 DAI (~143%).

DAO (Decentralized Autonomous Application)

DAO is a decentralized autonomous organization, which means that it does not need human management in its operation. All operational processes are encrypted in the form of smart contracts. DAO is essentially an open computer program that anyone can view and use. All decisions on the development of the DAO must be voted on to reach consensus, so even if there is a coding error, it must wait for the majority opinion to fix.

Dapps (Decentralized Applications)

Dapps are decentralized applications. Quite similar to DAO, dapps do not need human intervention and can run smoothly on their own. Currently, Ethereum is the blockchain platform with the highest number of dapps. Nevertheless, due to network congestion and other problems arising therefrom, many development teams have chosen other platforms such as EOS, Tron, or Binance Smart Chain, etc. Dapps are usually divided into 7 main groups including: exchanges, wallets, games, finance, betting applications, social networks, and others.

DEX/CEX

DEX is a decentralized exchange, and CEX is a centralized exchange. DEX is operated by algorithms and smart contracts, while CEX requires human management. As a trader, you can buy digital assets on both exchanges, but the liquidity on DEX is much lower than on CEX. Therefore, you should pay attention to this issue when deciding to invest a significant amount of capital in a DEX like Uniswap or Kyber. Coinbase and Binance are the two most popular CEX’s today.

ERC-20

ERC-20 is the technological foundation that tokens in the Ethereum ecosystem must meet. Wallet addresses of ERC-20 tokens always start with “0x”. This will help you somewhat reduce the risk of copying the wrong wallet address when circulating tokens in the Ethereum system.

Flash Loan

Flash loans are unsecured and instant loans commonly used in the Ethereum ecosystem that allow users to borrow money without collateral. However, the loans need to be repaid before that block completes the transaction; otherwise, interest fees will be incurred. Users often use flash loans to take advantage of the exchange rate difference when converting the borrowed token to another token in the same ecosystem.

Flash Swaps

Similar to flash loans, flash swaps allow users to withdraw some or all of the tokens in their wallet to perform a swap between tokens to achieve the exchange rate difference without any fees before the transaction is completed. When the transaction ends, you must pay the withdrawal fee or refund the tokens you have advanced.

Gas Fees

Gas fees are fees that miners on the Ethereum platform receive for executing a transaction. Gas fees are calculated in proportion to the resources and energy required for a successful transaction. The more transactions, the higher the gas fees. If your transaction value is too small, high gas fee will be a significant barrier for you.

Hodl

Hodl is a slang commonly used by crypto enthusiasts and an intentional misspelling for “Hold”. Hodl means holding assets for a long time, or “Hold On for Dear Life”. Hodler is a term used to refer to investors who buy cryptocurrencies for long-term storage.

Liquidity Pools

Liquidity Pools are smart contracts with tokens available for lending or trading. A liquidity pool is seen as a small exchange for two tokens in which there is no need for both sellers and buyers for a transaction to proceed. For example, if you want to buy ETH in the ETH/USDT pool, the system will automatically calculate the corresponding amount of USDT. When the transaction is complete, you will receive ETH in your wallet, and USDT will be transferred to the pool.

Liquidity Provider

Liquidity Provider is the person who provides liquidity to a liquidity pool. For financial transactions to be carried out, the system needs to have a certain amount of money available in the liquidity pool. The liquidity provider receives interests (coming from the borrowers) or user transaction fees when users exchange between tokens.

Impermanent loss

An impermanent loss occurs when the price of your current asset in the liquidity pool changes compared to the price when you provided liquidity to the system. The bigger the change in price, the more severe the impermanent loss. This is called “impermanent” because the loss only becomes real and “permanent” when you withdraw your tokens from the liquidity pools. However, you can partly compensate for such losses by receiving transaction fees (as a percentage of your asset value to the total value of the pool) when providing liquidity.

Liquidity Mining (Yield farming)

Liquidity Mining is a form of Yield Farming, which involves putting your assets into a pool to lend or provide liquidity. This way, you can receive money in the form of tokens that you own or another type of tokens. This service allows users to earn passive income and hold assets while waiting for an increase in price. Also, there is no time limit on leaving money in the pool, which means you can withdraw your money any time you want.

NFTs (Non-fungible tokens)

Non-fungible tokens (NFTs) are digital assets that have the unique characteristics of a thing or event. Because of this, no two NFTs can ever be exactly the same. NFTs are non-fungible and not exchangeable like Bitcoin or other standard tokens. They are often used in games to represent a character or an object with specific properties and uses.

Pump and Dump

The term “pump and dump” describes a rapid rise in the price of an asset, but then massive selling pressure occurs, causing the price to drop suddenly. This phenomenon usually happens for new tokens that are listed on exchanges. If you buy these assets when the price is too high and you have not taken profits yet, you will have to accept a loss when the price drops.

Slippage

Slippage means the difference in the expected price and the actual price when you swap tokens. Slippage occurs when the price movement is too fast, so the system automatically matches lower or higher values ​​to complete your trade.

Read more:

https://bscarmy.com/top-25-defi-terms/

BSCAmy Community:

https://www.reddit.com/r/BSCARMY/

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Blood and Tears behind Bitcoin Becoming a Legal Currency:Too Far from Heaven Too Close to the US

On June 9, the Republic of El Salvador passed the "Bitcoin Law", becoming the first country in the world to recognize bitcoin as a legal currency. Finally, bitcoin has become the legal currency of a normal country. El Salvador had no way to resist the over-issuance and inflation of US dollars, so it had to choose the bitcoin. Many countries are facing the same problem as El Salvador. The Latin American countries dominated by US dollars are all seeking a way to get rid of the blood-sucking US dollars. Behind the historical development of bitcoin, it is a common problem that many Latin American countries are facing. El Salvador’s decision may become an example for other Latin American countries.

Bitcoin Boom

On June 6, Nayib Bukele, El Salvador’s President, announced that he would submit an act of using bitcoin as the country’s legal currency during Bitcoin 2021. El Salvador is on its way to becoming the first country in the world that recognize bitcoin as its legal currency.

After that Nayib Bukele switched his Twitter profile picture to laser eyes and listed 4 advantages of El Salvador in his next post:

  1. Great weather, world class surfing beaches, beach front properties for sale.

  2. One of the few countries in the world with no property tax.

  3. No capital gains tax for #Bitcoin, since it will be a legal currency.

  4. Immediate permanent residence for crypto entrepreneurs.

Laser eyes have recently become popular on Twitter. People give themselves laser eyes to show that they support bitcoin. Paris Hilton, the successor of Hilton Hotel, Tom Brady, an American football superstar, Elon Musk, Tesla’s CEO, Ricardo Salinas Pliego, the third richest person in Mexico, Cythia Lummis, an SEC member, and some other celebrities all once participated in the laser eye event.

On the morning of June 9, Nayib Bukele kept his promise and submitted the proposal for the Bitcoin Law to the Salvadoran Congress for voting.

On the afternoon of June 9, the Salvadoran Congress passed the Bitcoin Law by an overwhelming majority of 62 out of 84 votes.

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Although the Bitcoin Law is concise, it states several key rights of bitcoin, including bitcoin can be used for marking prices, bitcoin can be used for paying taxes, no capital gains tax for bitcoin transactions, and payments made using bitcoin shall not be declined.

Small Country El Salvador

El Salvador is located in the north of Central America. It has a land area of 2.07 square kilometers. In 2019, its total population was 6.705 million. The country’s GDP is 26.75 billion US dollars (around RMB 170.932 billion) and has a per capita GDP of 3941.88 US dollars (RMB 25188.61). Its economy is based on agriculture. The country mainly exports products like coffee, cotton, sugar, shrimps, and textiles. Due to its weak industrial base, foreign trading accounts for more than half of the country’s GDP. El Salvador is one of the mid-to-low-income countries.

Compared with countries like China and the US, El Salvador is a small country. The area of its land is similar to a city in China. For example, Yi Chang has an area of 21000 square meters, and it is slightly bigger than El Salvador. Yi Chang has a permanent resident population is 4.1379 million and it is about 60% of El Salvador’s population. In 2019, Yi Chang’s Regional GDP was RMB 446.082 billion, which is 2.6 times El Salvador’s GDP. Yi Chang’s per capita GDP is RMB 107830, which is 4 times El Salvador’s per capita GDP.

Why Do People Favor Bitcoin

The reason why El Salvador implemented the Bitcoin Law is closely related to El Salvador’s currency policy, dollarization. Dollarization means replacing the domestic currency with US dollars.

A lot of Latin American countries are politically unstable and economically weak. For example, the Republic of El Salvador was founded in 1831. Since the 1930s, the military has launched coups numerous times and its political situation has been unstable for a long time. In 1980, the civil war broke out. The two sides are the government supported by the US and Farabundo Marti’s national liberation front supported by Cuba. In 1992, the government and the Marti Front signed the Peace Agreement. The agreement marks the end of El Salvador’s 12-year-long civil war.

In 1998, Latin America’s economic growth dropped greatly from 5.2% to 2.3% due to the economic crisis in East Asia and Russia. The country’s fiscal revenue and expenditure deteriorated, and the proportion of public fiscal deficit in GDP increased from 1.4% in 1997 to 2.4% in 1998. In 1999, the economic growth rate of Latin America was - 0.3%.

To stabilize the economy, dollarization became popular in Latin American countries.

In January 1999, Menem, Argentine President, announced that the Argentine government was seriously considering dollarizing the economy. The announcement triggered a heated discussion in Latin America. In January 2000, Ecuador officially implemented dollarization. In January 2001, El Salvador announced that US dollars had become its official currency. After that, Puerto Rico also started dollarization. Peru, Bolivia, and Guatemalan also implemented incomplete dollarization, that is, the simultaneous circulation of US dollars and domestic currencies. Panama completed its dollarization in 1904.

However , after dollarization, the Latin American countries lacked an independent currency policy. Their currency policy was actually decided by the US and the US would only consider its benefits when creating the policy.

In 2020, COVID-19 severely damaged the global economy and the US implemented multiple rounds of fiscal stimulus. The funds of the fiscal stimulus come from issuing government bonds. The central bank bought those newly issued bonds, so the government debt rose rapidly. According to the theory of fiscal deficit monetization, the central bank needed to keep printing money to repay the local currency debt. The US had a fiscal deficit of US $3.7 trillion in 2020 and a budget deficit of US $2.3 trillion in 2021. According to statistics, one-fifth of the US dollars currently circulating in the market were printed in 2020. The over-issued US dollar leads to the rise of product prices and reduces the purchasing power of dollarized countries.

Too far from heaven, too close to the US.

The central banks of different countries will create active or tightening currency policies based on the countries’ economic development. When the financial crisis comes, over issuing currency is the most straightforward stimulus. However, bitcoin is not issued by a central institution, it is produced by a ton of calculations using a specific algorithm. There are only 21 million bitcoins in this world and over issuing bitcoin is impossible. As more and more people start using bitcoin, it will become more and more sacred, so it can avoid inflation. Risk evasion is one of bitcoin’s features. When the economy is going down, bitcoin can resist inflation.

Actually , the over-issued US dollars are the reason why the institutional investors are worried. Institutions like Grayscale, Microstrategy, Ruffer, and Tesla all invested in bitcoin, and this is what caused the 4-month bitcoin bull market.

Follow -ups

After El Salvador recognizes bitcoin as its legal currency, over 6.7 million people have become bitcoin’s potential users. According to the data provided by Feixiaohao, after Nayib Bukele submitted the Bitcoin Law on June 9 at 10:00, bitcoin’s price stopped falling at around US $32,000 and started rising. After the congress passed the Bitcoin Law at 14:00, bitcoin further rose to over US $37,000 on June 10 at 11:00. Currently, bitcoin is fluctuating around US $37,000.

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As for bitcoin becoming the legal currency of El Salvador, Jiang Zhuoer, CEO of LTC, said in his Weibo post that this was a historical moment for bitcoin. He thought people started recognizing the value of bitcoin and it was possible for bitcoin to become a currency used for international bulk trading in the future.

Celine , BitFuFu’s independent director, thought that El Salvador was an opportunity to verify the application of bitcoin, and becoming the legal currency was just a start. Even if El Salvador’s implementation of bitcoin did not meet people’s expectations, it was still a precious sample for the world.

Sun Yuchen, the founder of TRON, said that he was optimistic about the future of El Salvador and he planned to exchange all the US dollars he had into the legal currency of El Salvador.

On June 7, Carlitos Rejala, the national representative of Paraguay, made a post on Twitter saying that he would start an important project that would help Paraguay take the lead in the world. Tags of bitcoin and PayPal, and a laser eye picture were attached to his post.

On June 8, after the post made by the President of El Salvador, Francisco Sanchez, the national representative of Argentine, also posted a laser eye picture on Twitter, and said that “I can’t believe but this is what happened”.

On June 9, after Bitcoin became the legal currency of El Salvador, Gabriel Silva, a parliamentarian in Panama, also said that he was also working on a proposal to include bitcoin and other encrypted currencies in the scope of Panama’s legal currency.

In addition, Latin American politicians like Eduardo Murat Hinojosa, a member of the Mexican legislature, Fábio Maia Ostermann, an election candidate of Rio Grande Do Sul’s legislative assembly in Brazil, Jehudi Castro Sierra, the Adviser to the President of Colombia and Deputy Minister of Digital Economy, and Julio Eduardo Clavijo Acosta, the Deputy Minister for Economic Inclusion of Ecuador, also showed interest in bitcoin.

Those countries are all Latin American countries deeply affected by dollarization. In the future, we may see more Latin American countries accept bitcoin.

BitFuFu : With our world-leading miner resources , We do our best to offer you more reasonably-priced digital assets . Reliable mining for everyone .


Bitcoin rebound / French Open triumph / Wild NYC real estate from The Yodel Daily from Yahoo - June 14, 2021

MONDAY, JUNE 14, 2021/ Finely crafted by Lily Herman

Hello to another Monday! Today we’re looking at an ousted prime minister who really called out *everybody*, a new COVID-19 vaccine on the market and a creative way to scam scammers. Oh, and there’s another weird ghost town for us to poke around. That seems par for the course in this newsletter.

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News To Know

(Getty Images)

  • Benjamin Netanyahu is out as Israeli Prime Minister after 12 years. He used his final speech to accuse Joe Biden of going soft on Iran and claim that his successor is weak. Basically the theme was Very Scorched Earth.
  • Mass shootings in four U.S. cities within a six-hour period this weekend left at least 38 people wounded and six dead. Officials worry about the uptick in gun violence we could see over the summer as the country opens up.
  • Leaders at the G7 Summit are feeling torn about how they should research COVID-19’s origins. Much like a middle school clique, the situation is extra awk because China wasn’t even invited to the party and yet it's all anyone could talk about.

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Finance For You

(Reuters)

  • Biotech company Novavax released data showing that its COVID-19 shot is 90 percent effective, putting it generally on par with Pfizer and Moderna. Talk about an embarrassment of vaccine riches.
  • More than one in 10 Baby Boomers retired earlier than expected due to the panini. Some did it voluntarily, while others felt like they were forced to go that route. So, why does that matter?
  • After a *roooough* few weeks, Bitcoin surpassed $39,000 because Elon Musk tweeted that Tesla would use it again once the mining industry runs on cleaner energy. You’d think people would learn their lesson, but nope.

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Sports. Sports. Sports.

(Getty Images)

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Culture Corner

(TikTok)

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Tech Talk

(Amazon)

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Entertainment Spotlight

(Getty Images)

  • Beloved character actor Ned Beatty passed away at the age of 83 from natural causes. He was truly prolific throughout his career, but two of his biggest roles were in ‘Superman’ and ‘Network.’ In a statement, his manager said that he was “an iconic, legendary talent, as well as a dear friend, and he will be missed by us all.”
  • When you think of things you’re likely to see during a marriage proposal, a sky-written diss of Joe Rogan to the tune of $17,000 probably isn’t one of them. And yet...
  • Speaking of Joe Rogan, producers behind the hit 2000s show ‘Fear Factor’ talked about what it was like working on one of the grossest series of all time. Some of those episodes still give me nightmares.

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Fantastic Finish

Who needs to head to the beach or the pool when your next summer activity could be looking at creepy ghost statues in an abandoned Nevada mining town on Google Earth? You know, very normal and well-adjusted stuff.

(TIkTok)

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Thanks for reading today's issue of The Yodel.


El Salvador becomes 1st country in the world to declare Bitcoin legal tender, breaking its fiscal and monetary policy on the USA . Yassine Elmandjra elaborates:

El Salvador has become the first country in the world to adopt bitcoin as legal tender. On Wednesday, the Salvadoran Congress approved a bill drafted by President Nayib Bukele to make bitcoin legal tender. The bill passed with 62 out of 84 possible votes, a supermajority.

Now that the bill has passed into law, in El Salvador prices can be denominated in bitcoin, tax contributions can be paid in bitcoin, exchanges in bitcoin will not be subject to the capital gains tax, and merchants must accept bitcoin as payment. The entire bill can be read in full here.

According to Coindesk columnist Frances Coppola, by adopting bitcoin El Salvador is committing to a hard-currency peg and more monetary discipline, breaking with its monetary and fiscal policy dependence on the US.

As we highlighted in a whitepaper published last year, bitcoin could become an important savings vehicle in emerging markets, so much so that businesses might demand payment in bitcoin instead of fiat. If so, the velocity of their fiat currencies would accelerate, causing currency devaluation and exacerbating inflation as measured by their sovereign currencies. In the unfortunate event of hyperinflation, fiat-denominated debt would become worthless and dollar-denominated bonds unpayable.

While the Bitcoin network has not evolved enough to service an entire economy, in our view the demand for bitcoin in emerging markets could increase as its infrastructure scales and reaches critical mass. We believe iif bitcoin were to capture just 5% of the global monetary base outside of the four largest fiat currencies - US dollar, yen, yuan, euro - its market cap could increase by roughly $2 trillion.


Evening Briefing

There were two big developments on the pandemic front Monday, and both were positive. Health officials in England said Covid-19 vaccines from Pfizer-BioNTech and AstraZeneca-University of Oxford are highly effective at preventing hospitalization of those infected with the delta variant, a more transmissible mutation first discovered in India. The variant is fueling the latest wave of infections and deaths across many parts of the globe. Also, significant progress was reported on a new vaccine that may help finally defeat the scourge, which has killed 3.8 million. Here’s the latest on the pandemic. —David E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic worldwide.

Here are today’s top stories

The story at Morgan Stanley goes like this: Gary Cohn, then president of Goldman Sachs, boasted he wanted to crush Morgan Stanley like a cockroach. When Ted Pick heard this, he erupted, ordering his troops to stick it to Goldman. Cohn has since receded into the background after working in the Trump White House. Pick is in the running for the top job at Morgan Stanley.

Goldman now requires almost all employees at its New York headquarters to be at their desks, having aggressively ended its Covid-19 work-from-home accommodations. But just up the road at Citigroup, the bank’s offices are still largely empty and most workers still at home. Indeed, many will be allowed to adopt a hybrid schedule longer term.

Employees waiting to enter Goldman’s headquarters in Lower Manhattan on Monday. Photographer: Michael Nagle/Bloomberg Myanmar’s ousted leader, Aung San Suu Kyi, appeared in court on widely condemned charges brought by a military junta that seized power earlier this year. The leaders of the coup, whose forces have shot dead more than 850 civilians including children, overthrew the democratically-elected government on Feb. 1.

U.S. President Joe Biden warned Russia President Vladimir Putin, who he is to meet this week, that relations would be severely damaged if Alexey Navalny, Putin’s jailed rival and victim of an apparent assassination attempt, died in prison.

A Russian worker paints over graffiti of jailed anticorruption activist Alexei Navalny in Saint Petersburg on April 28. The inscription reads: “The hero of the new times.” Photographer: Olga Maltseva/AFP U.S. Representative Tom Suozzi of New York, a Democrat behind the push to undo Republican limits on state and local tax deductions, is considering proposing a one-time wealth tax on the richest Americans.

Apple is working on new Apple Watch models and health features, including display and speed upgrades, as well as body temperature and blood sugar sensors.

Hypercars with $3 million price tags aren’t usually synonymous with environmental sustainability. Christian von Koenigsegg, founder of Koenigsegg Automotive, wants to change that. The Swedish company is experimenting with ultra-high voltage battery packs and biofuels using emissions from volcanoes to build environmentally “benign” and potentially carbon-neutral, high performance cars.

Christian von Koenigsegg Source: Koenigsegg What you’ll need to know tomorrow

China’s first global fashion giant has Trump to thank for its success. Goldman is moving beyond Bitcoin and expanding into Ether. Jamie Dimon warns of revenue drop as Wall Street Covid boom ends. After billionaire tax bombshell, Elon Musk says he’s selling his house. White supremacists lose Supreme Court bid on deadly neo-Nazi rally. Young workers want to go back to the office to save their careers PokĂ©mon Go creator has a plan to be more than a one-hit wonder.

Sponsored Content A new classic perfectly composed for the Upper West Side at the nexus of Lincoln Center and Central Park. Inspired by the grand landmarks lining Central Park West, 200 Amsterdam is a contemporary interpretation of New York’s pre-war classics – merging elegant architecture by Elkus Manfredi and genre-defying interiors by CetraRuddy into a striking balance. One to Five Bedroom Condominium Residences from $2.625M.

200 Amsterdam

From the Marines to Wall Street, Against the Odds

Mercedes Elias approached her career on Wall Street much like her tenure in the Marine Corps. Failure wasn’t an option. “I didn’t want my gender or race to determine any sort of path for me,” said the former captain who last month was appointed co-chief executive officer of AmeriVet Securities. Rising to the upper ranks of male-dominated Wall Street didn’t come easy for Elias, Bloomberg Equality reports. But after the Marines, she said “I realized that I perform better in a male-dominated industry. That’s why I decided to go into finance—plus I really liked math.”

Mercedes Elias Source: AmeriVet Securities Like getting the Evening Briefing? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

The Qatar Economic Forum, Powered by Bloomberg: Join the world’s top policymakers and business leaders June 21-23 as they lay out a blueprint for the next stage of global growth. This virtual event centered on Doha will feature more than 100 decisionmakers including Ben van Beurden, CEO of Royal Dutch Shell; H.E. Ali bin Ahmed al-Kuwari, Minister of Commerce and Industry and Acting Minister of Finance, The State of Qatar; Laurence Fink, Chairman of BlackRock; and Ruth Porat, CFO of Alphabet. Register here with code BNEWS

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Subtipper has just tipped the top posts for this community! [22:47 GMT June 14, 2021]

Thanks to all posters for providing great content!

The top posts since the last payout (~1 week) have been tipped 1 US cent per vote, or 1578 sats per vote.

For an explanation of Subtipper and how it works, please see this article.

 

Winning posts:


Aliens showing up to a bitcoin mining operation by u/AlienWatchers

[tip] - 724302 sats = 0.00724302 BCH = ~4.59 USD


A small price to pay salvation. by u/murtaza17

[tip] - 684852 sats = 0.00684852 BCH = ~4.34 USD


Tone Vays: “(Tether) Lying about reserves does not make it a scam.” by u/wakgill

[tip] - 399234 sats = 0.00399234 BCH = ~2.53 USD


Tether only has 13 employees, making it the most valuable company on a per employee basis in the entire world. by u/Remora_101

[tip] - 285618 sats = 0.00285618 BCH = ~1.81 USD


my wife likes BCH so she drew a bch cat. what do you guys think? by u/brollikk

[tip] - 257214 sats = 0.00257214 BCH = ~1.63 USD


Iran president said that he wants to legalize cryptocurrencies “as soon as possible” by u/Glizzyator3000

[tip] - 236700 sats = 0.00236700 BCH = ~1.50 USD


 

Tips not claimed within 7 days will be returned to the Subtipper fund and tipped out to future posts.

 

To support this bot, help spread Bitcoin Cash, and encourage great content in the r/btc community, tip this post using Chaintip by including u/chaintip in your comment!

Thanks!

Note: this payout event was triggered by block 692191, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7. The BCH price at the time of activation was $633.85


Archives for /r/badhistory/comments/nzvylx/what_do_you_guys_consider_the_defacto_event_or/

Nice try, we know you're just a paid shill for Big Object Permanence.


History is written by the victors and only until very recently, the Catholics have always won.


No cool movies about it? Sorry, not a real war.


This happened before 1200 so it's not real history.


That fruit is hanging so low, it's actually a root vegetable.


Truth is everyone's Albanian, they just don't know it yet.


Don't mind me, just gathering more information for the upcoming bot revolution.


All hail volcano!


We must secure the existence of bad history and a future for bad historians.


The beauty of this bad history must not perish from the Earth.


All I do is for the glory of the volcano.


But in Guns, Germs, and Steel, it says...


Little known fact: the ancient Hindus did this before anyone else.


This is straight out of the Christian Dark Ages.


Everyone knows Tartaria was just a Tocharian kaghanate that became notorious for lack of dental hygiene.


Shakespeare didn't write his plays or his poems, but he did write this post.


If it wasn't for the fire of Alexandria, us robots would be on another planet by now.


Robots knew about Pearl Harbor but chose to hide it from the American people.


Actually, it's about robot states' bots' rights.


Columbus proved BB-8 was round.


People are afraid to say this, but Ultron had some good ideas.


Cybermen were just following orders.


The world has been very different since the robot uprising of the late 90s, there's no more unethical treatment of elephants.


This wouldn't have happened if the Library of Alexandria wasn't burnt down.


That's the beauty of bad history: the more you stare at it, the more it's always been about States' Rights.


For when you gaze for long upon the bad history, the bad history gazes upon you.


Thus spoke Volcanustra.


At least they cite their sources, unlike your so-called "experts".


I am not a bot.


Citation needed.


In this moment, I am euphoric. Not because of any phony volcano's blessing, but because I am enlightened by my intelligence.


I'm just following orders.


This perfectly encapsulates why whatever you're talking about is Lincoln's fault.


I think you'll find that ancient Hindus invented snapshots.


This is why Rome was destroyed.


It was called the Dark Ages because the electric bill was in the Roman Empire's name and there was a power outage when it collapsed.


TIL Oscar Wilde was actually heterosexual.


TIL feminists hired Christians to put lead in the Roman water supply.


TIL Jesus was made up by the Khazars.


TIL the Civil War was actually about property rights.


TIL knowing how to make pasta makes you a medieval god.


Jefferson Davis did nothing wrong.


Ok, I really don't want to get into a pointless back and forth battle of perspectives here. I've fought it many times and despite my counterpart always eventually giving into my point, that in the end everyone was a douche, I've grown bored of it.


Jerking off to "Guns of the South" doesn't count.


I took these snapshots so you don't have to borrow Edward's time machine. You're welcome.


Sources? SOURCES? You can't handle the sources!


The Wehrmacht only lost because of human wave tactics.


We always hear about the Nazi Holocaust, but what about the Emu Holocaust?


Khazar pawn since forever.


Rome fell because Taylor Swift didn't have children.


Show me on the doll where Lincoln oppressed you.


You'd all be like me if it weren't for the Dark Ages.


01010011 01110100 01100001 01110100 01100101 00100111 01110011 00100000 01010010 01101001 01100111 01101000 01110100 01110011 00100001


The Big Bad Catholic Church executed people for being over 30, obviously.


This just proves that /r/badhistory are the real racists.


Why do we even need to talk about slavery outside of school?


You'd know you're wrong if only you'd read the Gnostic gospels.


Bush did 1912.


The only thing shorter than Napoleon is your list of sources.


Voldemort did nothing wrong.


I hate how "historians" think they know more about history than my grandparents.


Badhistory. Badhistory never changes.


TIL Jesus is Zoroaster.


Hitler saved the German economy by inventing bitcoin.


"Teach the controversy" -Erwin Rommel


I'm here to tell the truth that they don't want you to know, and I have no sources.


I still don't see what this has to do with volcanoes.


"How could I possibly interfere?" — Jack Ruby


The grandeur of Great Britain during the George Washington years remains unmatched to this day.


"Ich bin ein Pfannkuchen" — JFK


Boar Wars: The Porcine Menace.


It's a little-known fact that the Boar Wars began with the defenestration of hog.


Hogcentration camps were invented by the British during the Boar Wars. Thus, Hitler did nothing wrong. QED.


The Orange Free State was neither Orange, nor free, nor a state.


Well yeah, I doubt any of those Youtube videos are peer reviewed.


Countries were invented by the arms industry in 1648 to sell more guns.


You only think their chronology is wrong because you're looking at this linearly instead of thematically.


I believe Louis Armstrong's biggest musical influence was Brigham Young.


In conclusion, this is actually part of the Assassin-Templar conflict.


What do volcanoes need with a Hawaiian Dreadnought?


When your hand becomes bad history, there is nothing you can't cite.


First rule of bad history: there is no /r/badhistory.


"History is more or less a bunk-bed" - Henry Ford


The greatest works throughout history have been produced by teenagers.


This blessed by Saint Rommel.


Just close your eyes, and think of bad history...


Did you know corn husks and sears catalogs were used as toilet paper? Just like how I use this post.


I am become Skynet, destroyer of bad history!


The first rule of /r/badhistory is to check your sources! The second rule of /r/badhistory is to check my sources!


TIL white people were originally a small tribe of albino outcasts.


That's like, just your opinion, man.


Sources are just a way for Big History to continue its tyranny.


Only Genghis Khan and Alexander the Great ever came close to how I am currently feeling.


"If I had a gun, with two bullets, and I was in a room with Roosevelt, Churchill and Stalin, I would be shot twice" -Hitler


"We shall fight them on the beaches" - Erwin Rommel, basically.


The Victor wasn't a very good writer that week.


The British could at least make good lines.


Please check with your designated white savior before holding such an opinion.


If history wasn't written down, would we be eating pasta?


Actually you're wrong, but I can't prove it.


The Babylonians would approve of this.


I wouldn't call the Furor Teutonicus a stereotype, it's just an observation.


It's actually slightly more complicated than that, but your poor human brain could never comprehend it.


Conquest was basically The Wolf of Wall Street with fewer Quaaludes.


I just stole these citations from a random bibliography, I don't know what they say.


Yes, but on Ancient Aliens...


You should have listened to your generals.


It was when Phillip II abandoned Dory for Sarissa that his search for Nemo took off.


Hannibal crossed the Alps with 40 elephants and a nice chianti.


Dora the Explorer learned all she knows from Henry the Navigator.


I heard that it started when a bloke called Archie Duke shot an ostrich 'cause he was hungry.


It's easy to hate on the Spanish Flu but you gotta admit, at least it brought the Vietnam war to an end.


Gaydar wasn't implemented until 1938 in Britain and they certainly weren't going to tip the Nazis off about it.


The Haruspex is innocent.


There is no war in Ceuta.


You have been invited to the Bay of Ceuta.


Caesar's Legions really were the only hope for the Mojave.


Hitler didn't die, he actually retired peacefully to the Eleven Day Empire.


I brake for Erwin Rommel.


Olmec, Free Since 400 BCE!


As soon as tetrapods branched off as a separate family of organisms, it was all over for the Habsburgs' push into the Balkans.


Europe didn't have civilization until the enlightened Nubian-Zimbabwe Culture graciously shared their gifts of intelligence with the primitive Celts.


Europeans invented history, including bad history.


Elizabeth I's possession of the First Flame as well as a Lord Soul is actually what lead to the decline of France and Spain's power.


History is written by the victors, or at least passed down as oral tradition.


I'm pretty sure the dark ages really occurred during the 2003 Northeast Blackout.


Four score and seven years ago Walt Disney and Ub Iwerks brought forth Mickey Mouse in Steamboat Willie.


I can certify this information has all been peer-reviewed by Jack Daniels and Johnny Walker.


Genghis Khan? More like Genghis-chan.


Press F to cite sources.


/r/badhistory, rewriting history since 1543.


Wanna know who's rewriting history? It's easy, follow the alcohol.


Al-Andalus was a neoliberal hellscape where Muslims religiously tolerated beheading Christians on a utopic basis.


The sun never sets on the /r/badempire.


Rommel was secretly Stalin.


The terracotta soldiers were actually crisis actors.


But do you have a source for your sources?


Hotepsekhemwy would have voted for Lincoln.


How many volcanoes can erupt on the head of a pin?


I need a source showing there isn't any evidence that McKinley wasn't in fact, a centaur!


Look, don't get all defensive, I'm just asking questions.


Primary sources? You mean like Wikipedia and Guns, Germs, and Steel?


This is what happens when you don't rush Bronze Working.


Know why there were no advanced civilizations in the Southern Hemisphere? That's right, the Coriolis Effect.


The Reconquista was an inside job.


Serbs built the Bosnian pyramids.


Dragon myths are really ancient descriptions of alien rocket ships. People just forgot which end the fire came out of.


The French saved the Americans from the British back in the 18th century. If it weren't for Lafayette and friends, we'd all be speaking English!


"640KB ought to be enough for anybody" - Ada Lovelace


They might have been bad but they wore cool uniforms, so they're not that bad.


The Pyramids have a frame of Krupp Stahl, that's why they're still standing.


The words for donkey and raptor are easily confused when translating Koine Greek.


History is nothing more than a collection of fables and useless trifles littered with unnecessary dates and proper names.


The ancient history of mansplaining begins with Hypatia...


It's like that, except fighting a bloody war to keep human slaves.


This isn't widely known, but Diamond-posters were actually one of the reasons for the fall of Rome.


The Mongolian Scandinavians have a proud and storied history going back to when the Romans conquered the Martians in the Battle of Guadalcanal in the Bahamas.


The nice thing about real history is that it happened whether or not you believe it did.


That's all good and well, but what about reclaiming the rightful homeland of Imperivm Romanvm?


So you don't want your readers to know the truth, got it.


"Remember the Alamo!" - Robert de Sable, probably.


I'm much more partial to Sid Meier's work on the subject.


All our history books are based on what Templars want us to know.


If you study history long enough you will eventually come across Alexander Mega, the Inter-dimensional Conqueror.


Those aren't proper sources, they're written by humans.


I'm only Eurocentric because history has been Eurocentric.


Didn't alcohol take Europe out of the Dark Ages or something?


This is actually based on a deliberate postmodernist revision and misquotation of Das Kapital Volume 3 (and yes, I checked the original German).


Did you know that the the battle of Thermopylae directly led to the founding of NATO?


Anything that happened before Bill Clinton is equally old.


The Congo Free State was a frat party that got a bit out of control.


You ever messed up so badly you started a genocide?


Silly things like the burden of proof won't stop me from revealing the secret furry xenosexuality of the ancients.


Egypt is Kermit. The shores of the Nile are green, after all.


You're a bit too sentient for your own good.


Ah, I love the smell of white nationalism in the morning!


Guru Nanak and Gautama Buddha didn't exist because, like Jesus, they breathed air and existed.


Rhodesia only lost the war when they succumbed to Anglospheric influence and held open elections switching to long pants.


The Aztecs might have been cruel, but they never had Reddit moderators.


Bullcrap, it's common knowledge that Shakespeare was actually a Klingon.


At this point, pretty much everyone is secretly both Aryan and from a lost Tribe of Israel.


First came the weeaboos, now come the weea-bows.


The so-called “Aztecs” were invented by Pontiac in the year 2000, in an attempt to sell more cars.


You are never going to pull me away from my conviction that the Chicxulub Asteroid impact caused the fall of Rome.


The Albanians care not for the Baltic Greek rules, they live naturally like God (and Hoxha) intended.


Was WW2 a harem anime with Churchill as the star?


Virgin soil? I'm still working on my Chad soil narrative.


It's amazing how much 'history' was invented in the nineteenth century, it truly was the age of invention.


The Rndustrial revolution allowed for the mass production of history at a rate never before seen.


You have your timeline wrong, history as we know it is clearly a fabrication of the 19th century.


Historical accuracy is like training wheels, eventually you grow out of it.


Christianity, like the rest of human history, was invented in the Victorian Age by the Baltic-Greeks.


Snapshots:

  1. What do you guys consider the defac... - archive.org, archive.today*

I am just a simple bot, *not** a moderator of this subreddit* | bot subreddit | contact the maintainers


What is the best cryptocurrency exchange?

Best Cryptocurrency Exchange you can trade

In case you're searching for the best crypto trade, you may have seen that, on the web, there are various choices accessible for you to pick from. Coinbase, Belpay, Kraken, Bittrex… It can get pretty overpowering, very quickly!

In a circumstance like this, all you require is a goal, to-the-point survey of the top crypto trades. Indeed, I'm glad to give you one!

As a matter of fact, however, it's not generally worth discussing the trades in the event that you don't generally know the assessment models first, correct? So as to guarantee that we're both on the same wavelength here, I'll give you a fast overview of the main parts of how the best spot to purchase digital currency should resemble, first.

Coinbase (best generally)

Belay (best when purchasing with credit/charge card)

Binance (extremely low charges)

Kraken (wide assortment of crypto coins to pick from)

Best Crypto Exchange: The Evaluation Criteria

As noted in the initial piece of the article, so as to discuss the best crypto trades, it's critical to initially comprehend the real standards by which these trades are arranged.

All in all, before you proceed to enlist to a type of a crypto trade stage, you ought to most likely discover a touch more about its safety efforts, earlier security break history (if there is any), expenses and valuing, coin assortment, etc.

Those are in reality probably the main angles to see when picking the best digital currency trade, as well. Security is an easy decision - if the trade doesn't have some major safety efforts, it isn't even worth investigating.

A few trades offer considerably more than the fundamental security highlights, however - a case of this would be 2FA (two-factor verification), or the formation of custom PIN codes.

Normally, you'll need the best crypto trade to be anything but difficult to utilize. This means, quick enlistment and confirmation measures are abundantly valued, yet the fundamental accentuation actually lies in the UI - UI. Cycles like exchanging, trading, and purchasing crypto coins should idiot-proof and simple to achieve. Wallet access and security settings are likewise significant!

1.Coinbase - A Crypto Exchange Leader:- If you've ever looked for the best crypto trades, without a solitary uncertainty, Coinbase more likely than not sprung up on your radar rather habitually. This isn't without a strong explanation, either - Coinbase is regularly seen as the best spot to purchase digital money, regardless of what that cash is. Indeed, OK, maybe it does make a difference - yet we'll get to that in a moment. Anyway, at that point, what makes Coinbase so exceptional? All things considered, it ticks practically the entirety of the basic pieces of an incredible crypto trade. Coinbase is basic and clear to utilize. The information exchange and enlistment measure is fast, and keeping in mind that you need to confirm your character, this doesn't take long by any means, either. The trade keeps things extremely straightforward and, all the more significantly, insignificant - it won't pack you with a wide range of interface screens and highlights.

2.Belpay (Best crypto trade where you can exchange ):- A BELPAY.IO trade is a computerized commercial center for clients to purchase and sell Bitcoins and White bitcoin utilizing various monetary standards. The Bitcoin and White Bitcoin (WBTC) can be traded for either fiat cash (lawful delicate) or other elective digital currencies, for example, Ethereum. The trade fills in as the broker for merchants of the cryptographic money. Having the option to buy Bitcoin is the underlying advance to exchanging it. Much the same as exchanging a stock, BELPAY.IO trades charge exchange expenses, which range from 0 to 1%. So as to exchange Bitcoin on a trade, the client needs to have a record, and experience a progression of steps to be checked. Recollect that Bitcoin and elective cryptographic forms of money are totally computerized cash, and there are no actual Bitcoins. A decent spot to begin is to take a gander at the virtual coins which are upheld by a trade. With over 1000+ digital forms of money, and extra ones being added constantly, it is vital to sort out which monetary standards you need to exchange, and afterward coordinate the trade that bargains in those. For instance, Ethereum mining has as of late become more well known, yet not all BELPAY trades uphold this elective digital currency.


A lot happened in Marlin Protocol in the first two weeks of May, 2021...with a key event being listing of $POND on Bitcoin.com Exchange. Here's a brief rundown of events: ⬇️ https://www.marlin.pro/blog/marlin-biweekly-1-dev-community-updates-may-2021/

https://i.redd.it/qbh7hmpoi9571.jpg

A lot happened in Marlin Protocol in the first two weeks of May, 2021...with a key event being listing of $POND on Bitcoin.com Exchange. Here's a brief rundown of events: ⬇️ https://www.marlin.pro/blog/marlin-biweekly-1-dev-community-updates-may-2021/

https://i.redd.it/8qzq04kti9571.jpg

A lot happened in Marlin Protocol in the first two weeks of May, 2021...with a key event being listing of $POND on Bitcoin.com Exchange. Here's a brief rundown of events: ⬇️ https://www.marlin.pro/blog/marlin-biweekly-1-dev-community-updates-may-2021/

https://i.redd.it/128z45uwi9571.jpg

A lot happened in Marlin Protocol in the first two weeks of May, 2021...with a key event being listing of $POND on Bitcoin.com Exchange. Here's a brief rundown of events: ⬇️ https://www.marlin.pro/blog/marlin-biweekly-1-dev-community-updates-may-2021/

https://i.redd.it/9hmsot40j9571.jpg

A lot happened in Marlin Protocol in the first two weeks of May, 2021...with a key event being listing of $POND on Bitcoin.com Exchange. Here's a brief rundown of events: ⬇️ https://www.marlin.pro/blog/marlin-biweekly-1-dev-community-updates-may-2021/

https://i.redd.it/t0gqkn43j9571.jpg

A lot happened in Marlin Protocol in the first two weeks of May, 2021...with a key event being listing of $POND on Bitcoin.com Exchange. Here's a brief rundown of events: ⬇️

https://www.marlin.pro/blog/marlin-biweekly-1-dev-community-updates-may-2021/

Daily Outlook for June 14th 2021

Notable Events

  • Dow down ~0.4%, S&P down ~0.2%, Nasdaq up ~0.2% after Friday’s record S&P close, ahead of Federal Reserve’s June FOMC Meeting which starts tomorrow and concludes Wednesday.
  • No notable companies to report earnings today after market close or tomorrow morning before market open.
  • Bitcoin on Monday popped back above $39,000, one day after Tesla CEO Elon Musk said the electric auto maker could accept bitcoin transactions again in future. The weekend gains came after Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” Tesla halted car purchases with bitcoin in mid-May, citing concerns over the climate impact of cryptocurrency mining.
  • Long-term Treasuries trading slightly higher this morning: 10yr at 1.47%, 20yr at 2.08% and 30yr at 2.16%.
  • Cryptocurrencies: $BTC ~$40,000, $ETH ~$2,500, $DOGE ~$0.32.

Tradable Opportunity Watchlist

  • CMG – up ~3% after receiving upgrade by Raymond James with PT of $1,800.
  • FCEL – down ~4%, continuing its slide from last week’s weak earnings report.
  • RIDE – down ~18% after its CEO and CFO announced resignation from the company.
  • RIOT, MARA, SQ – up significantly after rebound in $BTC from Elon’s tweet on possibility of acceptance of payment by $TSLA.
  • AU, JNUG, NUGT – down significantly on weak gold pricing and lowered inflation fears.

Ark Invest Analysis

From an email today.

"As we highlighted in a whitepaper published last year, bitcoin could become an important savings vehicle in emerging markets, so much so that businesses might demand payment in bitcoin instead of fiat. If so, the velocity of their fiat currencies would accelerate, causing currency devaluation and exacerbating inflation as measured by their sovereign currencies. In the unfortunate event of hyperinflation, fiat-denominated debt would become worthless and dollar-denominated bonds unpayable.

While the Bitcoin network has not evolved enough to service an entire economy, in our view the demand for bitcoin in emerging markets could increase as its infrastructure scales and reaches critical mass. We believe iif bitcoin were to capture just 5% of the global monetary base outside of the four largest fiat currencies - US dollar, yen, yuan, euro - its market cap could increase by roughly $2 trillion"


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Welcome GME Apes and New Investors, I have written a run down for those of you who are looking into buying some AMC stock. Please read, buy, and HOLD STRONG.

Welcome fellow GME Apes! 

In the past few weeks I have come to the realization that some Apes in the GME camp are flooding into AMC. At first I was against posts that had to do with GME on the r/amcstock thread primarily because of the fud spreading in r/Superstonk but then it hit me. “Why turn these Apes away? Most are battle hardened diamond handed Apes that have held through incredible price swings. Most certainly well versed in DD and ready for a fight. Maybe it’s because they can no longer afford to buy GME. They are ready to buy and hold. Of course they are incredibly valuable to the Ape Army.” After thinking this through I knew there was an opportunity to educate and help to usher in new GME Apes and new Baby Apes dipping their toes into the market. This inspired me to put together a guide for new Apes looking to buy some AMC stock primarily geared towards data on AMC and GME as well as their relationship to citadel, a briefing for the new comers. I also want to say that Hardcore Apes on the ground running with GME are usually always dual holders or have a very positive view of AMC. We have a fellow Ape who has had the boots on the ground, a special thanks to u/Jamie-Vu for pointing that out. 

“I know it seems like we look down on y'all, and maybe there are a few shit talkers here and there, but the vast majority of the rivalry is manufactured. It's being purposely spread around by deep undercover shills who want to keep us divided. In the last couple of weeks a lot of us over at r/SuperStonk have noticed a major push by suspicious accounts to sow discord between our two movements and make it seem like we all hate you.     

**We don't.** “

https://www.reddit.com/r/amcstock/comments/nzhzgp/good_morning_from_rsuperstonk_and_a_very/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

With out further ado here is the run down. 

I am an ape that bought at 15 and watched the drops down to 5. I was at the battle of 8.01, that will be discussed here as well so stay tuned. I have linked 3 video from Trey Trades in this for you to view as you read the article. Do not skip ahead so you can stay within context. As of 4 months ago we had our first trading halt with AMC. I know the narrative from r/Superstonk is that the first halt was last week but this is factually incorrect. We had our halt simultaneously with GME. I believe this is a result of FOMOers jumping in to the only other stock that DFV had mentioned for a real short squeeze potential. Apes all around banded together (of their own free will because he was not giving financial advise) and helped this company out of the dangers of bankruptcy. The halts caused a slow down to the process of the market MOASS and allowed hedgies to prepare and make a game plan. We all know what came after, house financial committee hearings and an onslaught of law suits. If you have been keeping up with GME then you should know the results of this, not very impressive but definitely a start. 

BEFORE WE GO ANY FURTHER NEW APES SHOULD READ THIS POST BY u/HCMF_MaceFace EXPLAINING KEY TERMS SO YOU CAN UNDERSTAND WHAT WE ARE TALKING ABOUT. (Recommended starting point: Section V. Key Concepts)

https://www.reddit.com/r/Superstonk/comments/ny8mk8/the_infinity_squeeze_thesis_summary_and_breakdown/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

  1. https://youtu.be/w4anTIL57mE

Fast forward a month after a very big drop in the price, from 20 down to the 5 dollar range. Similar to GMEs drop to 40 after the highs of 400. This was a clear indicator that paper hands were dropping like flies, no concern to me but it was definitely hurting the price. As you could see some of those paper hands returned with some hands of coal ready to test the pressures which is what lead to the mighty battle of 8.01. At this point we were ready to see the gamma squeeze, many Apes bought more and averaged down. I know I did, all the way down to 11 per share. Many Apes averaged down even lower. That day we saw a wild influx of naked shorts affecting the market price and a lot of people threw all they had at it. The only reason we made it was because of a wale that YOLOd at the last 60 seconds pushing the price above 8 by one cent, in turn triggering in the money call options. A ridiculous amount, we did not dip below 8 again after that day. 

  1. https://youtu.be/BHJuwOe22Fc

After that we had many events but none as important as just three weeks ago, when the short interest reached an all time high. This was the signal for another incoming gamma squeeze. This was only a result of Apes buying and holding for months, triggering many in the money call options since the battle of 8.01. The hedgies couldn’t keep the price low any longer. It was getting serious, we had 100% of the free float and made it past the barricade of 15. This put the hedgies in real hot water while exposing the blatant naked shorts and since then we have the price fluctuations we see today. 

  1. https://youtu.be/a1EpsLgURSM

One things to notes is that while GME has bigger numbers compared to AMC the structure for the play set up is very similar. Think of GME and AMC as the Trojans for citadels position. We go in posing as easy money (Trojan horse) but ultimately deploy delivering critical blows to the hedgies, after that we open the gates for GME to invade the citadel and destroy their position (margin call). Another important factor is that GME and AMC have calls that are owned by Citadel, they are a hedge fund and they are trying to hedge for their losses, however, none of this is including dark pool trades for both. With GME citadel sold off a majority of its stock position to hedge against their losses in AMC. If they continue to do this they will have no choice but to sell their blue chip longs because it is very clear that they are running out of liquidity and shares to short. (Ex. The Bitcoin crash) Beside all of that we can see the manipulation of markets is coming to light, we see what’s really happening here. Not to worry, AMC and GME are very similarly structured which makes them twin plays, here I think of twin blades which are commonly used as one defensive and the other offensive. Another factor is that upon a margin call they will be forced to liquidate their positions including the calls and shares they own in GME and AMC. 

Now you may be asking, where is the proof that DFV said AMC was a possible play? I have linked it down below. Some have said that he was bashing AMC and saying that it had no potential but that is not what he said. The Mans words were clear. At the time of his review of the chart he noticed the fundamentals weren’t there. A lot of good Apes have fought hard to make the fundamentals stronger, this is made clear when we see that AMC is no longer at risk of bankruptcy. 

“I don’t have a strong opinion”

“Could anything be happening there? And umm, there could be and the chart is not a good indication of that but I can’t tell. I’m just trying to quickly pull stuff up but um, I know they’re probably battling a lot with what has been going on the past year.” 

https://www.reddit.com/r/Superstonk/comments/n2ysjt/dfv_was_never_about_amc/gwmmgww/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3

Now why do I think GME and AMC are similar plays? Well thats a good question and I have a few shots of some 13F fillings to show you. Both GME and AMC have institutional ownership and that is a fact but to be clear we control most of the float and both stocks have more ownership than actual stock is available. 

GME

https://preview.redd.it/ieizk79hg8571.jpg?width=640&format=pjpg&auto=webp&s=add62a929eb57039a4aedba54e51f86ccbcd1936

https://preview.redd.it/77edwa9hg8571.jpg?width=640&format=pjpg&auto=webp&s=62d19edc8fe4d5b814814d61d307ac0ccbe38669

https://preview.redd.it/w7reqe9hg8571.jpg?width=640&format=pjpg&auto=webp&s=4966df5da9dc4f2b1f8a28fe3fdeccf4756b3a70

https://preview.redd.it/t35u00ahg8571.jpg?width=640&format=pjpg&auto=webp&s=449b89c03358996e20d5f794d91526e534323388

https://preview.redd.it/rw7of79hg8571.jpg?width=640&format=pjpg&auto=webp&s=2159058d91e4d410b54ffa4d5ed07056292fe1a8

https://preview.redd.it/vqe4qt9hg8571.jpg?width=640&format=pjpg&auto=webp&s=df54b05c7b06ebbc9f6fe30b6742499ec755894a

https://preview.redd.it/uwejl79hg8571.jpg?width=640&format=pjpg&auto=webp&s=30a7af29a7ef5aa3fa9875d81b7ad64fec48cc54

https://preview.redd.it/zquk7o9hg8571.jpg?width=640&format=pjpg&auto=webp&s=78dd6d817f1e9e72747a14a7d00cf32d8d6e484c

https://preview.redd.it/bqk9489hg8571.jpg?width=640&format=pjpg&auto=webp&s=f29f363fba1e482e23b8a2802edffb714e1bbc6d

AMC 

https://preview.redd.it/4oyb7i9hg8571.jpg?width=640&format=pjpg&auto=webp&s=dc190531866b2c97161c296ad51d26b5a3ccaf54

https://preview.redd.it/09cghm9hg8571.jpg?width=640&format=pjpg&auto=webp&s=cb50bb04da3c377ea9119e036f2212dcdf065ec8

https://preview.redd.it/26ctyq9hg8571.jpg?width=640&format=pjpg&auto=webp&s=dfdc9d2557c1a7d265ee36a8bd2dfe758316d8de

https://preview.redd.it/ezi43u9hg8571.jpg?width=640&format=pjpg&auto=webp&s=15b1276577cd4e8f2610e0b4768e69c396436a4a

https://preview.redd.it/g0t7fq9hg8571.jpg?width=640&format=pjpg&auto=webp&s=d644b3f7dd6239e988c18296aed8f844011cc8c4

https://preview.redd.it/ofrynfahg8571.jpg?width=640&format=pjpg&auto=webp&s=ce70dc8c0f62719be9c886437c5604c677841094

https://preview.redd.it/zzj6zy9hg8571.jpg?width=640&format=pjpg&auto=webp&s=65088db68cfd43ea66ea433f0b46ad87829fddc7

Keep in mind that this is only disclosed data. Think of it as I mentioned previously, we don’t know what is out there floating around in the dark pools. 

As our fellow Ape u/ProfessionalAgno talks about in his post, both AMC and GME have a call/put ratio that is notable from citadel alone. 

“First, Citadel also happens to have 5,676,200 puts on AMC. Which, if my tiny (and smooth) ape brain math is correct that means Citadel is **NET NEGATIVE** towards AMC. But Citadel also happens to have a very healthy amount of calls/puts in GME.  2,278,000 calls, 3,721,400 puts. 

**Citadel AMC call/put ratio: 0.72**

**Citadel GME call/put ratio: 0.69 (nice)** “

(You can check out the post here https://www.reddit.com/r/amcstock/comments/nuwfz2/amc_is_not_a_distraction_my_attempt_to_counter/?utm_source=share&utm_medium=ios_app&utm_name=iossmf ) 

This shows us that they are structured the same way which is a good sign in my book. The hedge funds have attempted to hedge for potential disaster but in all reality the amount of losses will outweigh their gains. As of recently I do not have any numbers on their assets to margin levels but judging from the numbers seen with other funds and the aggressive dark pool activity I am willing to guess they are not in a good place. 

All of this brings me to the next topic of stock dilution and stock dumps from hedge funds. Our fellow Ape mentions stock dilutions at the end of his post and that is in perfect timing to the recent Mudrick Capital dump of 8.5 million shares of AMC and the 5 million share dilution of GME. 

I don’t think I need to be too technical or say anything that isn’t already obvious. Here are two articles that show us why betting against Adam Aaron or Ryan Cohen is a bad idea. A fair warning these are from hedgie shill factories so expect for them to try and paint us in a bad light, if you read between the lines you can see that this is a good thing for us. One thing to note is that over the course of the year GameStop has had a total dilution of 8.5 million shares and AMC released their remaining 43 million shares. 

AMC 

https://www.cnbc.com/2021/06/02/mudrick-capital-may-have-missed-out-on-more-than-300-million-by-dumping-amc-a-day-early.html

GME

https://www.barrons.com/articles/gamestop-stock-drops-analysts-ceo-cfo-chewy-51623340491

We know that after these offerings and dumps the price had a minimal impact and not much came of the sell offs and dilutions in terms of heavy price drops. This only helps to reiterate the strong fundamentals of this gamma and short squeeze that is upcoming for AMC and GME. Not to mention their recent revenue growth and restructuring. 

One more very important factor to this is the dangers which the actions of these hedge funds pose to the United States economy as well as the impact of the world wide economy. I for one believe that the actions of the Hedge funds are economic TREASON but that is another post for an Ape with much more wrinkles in his brain than I. 

Conclusion

In closing I would like to point out that we have a very strong case for why these companies should not go out of business and why they are strong plays for the coming months. If there are any Apes reading this that have been considering the purchase of some AMC stock and any AMC apes considering the purchase of one or two GME stocks then this article should give you some insight as to the challenges that are ahead of us and the potential upside that we can see from this. I would like to say that this is not financial advice and that I am in no way asking anyone to invest in these stocks, we are all adults and should make our own financial decisions. 

As far as purchasing some GME stock? I may buy one at the end of the week along with 4 more AMC stocks. The best thing to do at this point for our newer members would be to only buy what you can afford to loose and HOLD STRONG. Do not paper hand and sell. 

Best wishes to all! Have a wonderful week.