Wednesday, June 23, 2021

One BENEFIT of a market downturn: You can save a TON of $$$ on your taxes with this one simple crypto loop hole

One benefit of a market downturn: You can save a TON of $$$ on your tax bill for next year with this one simple crypto tax loop hole. Let's discuss...

If you sell or trade your crypto when it is below the price you originally acquired it for, you incur a capital loss. Capital losses get deducted from capital gains on your taxes, and overall, they reduce your taxable income for the year.

E.g. Let's say you bought bitcoin at $55,000 a month ago. If you sold or traded that BTC at market prices today ($32,000), you would lock in a capital loss for the year and significantly lower your taxes.

But it gets even better: Because the IRS classifies cryptocurrency as property and NOT as a security, "wash sale" rules do not apply to crypto as they do for stocks. This means you can buy the BTC that you sold back immediately and still realize the capital loss.

This is even MORE important if you have incurred gains earlier this year. Remember, capital losses deduct from capital gains on your tax return during the year they were realized. So if you've already "realized gains", you should take losses if possible to offset these gains.

E.g. Let's say you traded ETH for $MATIC at the height of the market. In doing this, you realized a taxable event and likely huge taxable gains as ETH was at all time highs. However, now your $MATIC is underwater (worth less than you got it for).

So, if you sell out of $MATIC today, and then immediately buy it back, you will realize losses and offset a lot of those gains that you realized from your trade of ETH to $MATIC This could save you a TON on your taxes. I know someone who reduced his tax bill by $43,000 by doing this!

This is a process known as Tax Loss Harvesting, and it's a strategy rich people use all the time to lower their capital gains tax bill every year (more info on TLH here).

Also, you can use crypto tax software tools like CryptoTrader.Tax or BitTaxer to automatically detect your biggest tax savings opportunities for you. (The tools cost money, but you can test them out for free)

So in summary: Take a look at your current positions and see if there is any opportunity to "harvest" losses. Doing this proactively can lead to HUGE tax savings for next year.


Newly uplisted undervalued renewable energy crypto miner BITF

BITF (Formerly BFARF was just uplisted to the Nasdaq on 21 June from the TSX where it is also dual-listed now)

Bitfarms website-

Investor Presentation June 2021

Key points;

  • 6,461 miners in operations currently
  • Each facility is 100% powered with environmentally-friendly hydro power and secured with long-term power contracts. Bitfarms is currently the only publicly traded pureplay mining company audited by a Big Four audit firm.
  • 69MW capacity and building out to 168MW by the end of the year
  • 1,200 PH/s in Q1 projected 3,000 PH/s by the end of the year (210% growth)
  • Cost to mine is $8,400 (mined 598 coins in Q1)
  • Total assets of 164m with Cash on hand of 53m total liabilities 22.1m (basically no debt!)
  • Vertically integrated
  • Own the electrical company for their locations which allows them to maintain a 24/7 staff to repair and monitor equipment cheaper
  • Bitfarms has added 1,114 mined Bitcoin to treasury. This Bitcoin is currently worth over US$41 million based on a Bitcoin price of US$37,000.

Comparision to other miners

2-3x underavlued from MARA and RIOT

Projected Growth

https://preview.redd.it/0ztc83lvr4771.png?width=768&format=png&auto=webp&s=9367222eae7f74f19a9d29465fef3ec434b1c1d6

They are powered by 99% renewable energy. As this continues to come up this will only provide further tailwinds to push them up to and past other miners in the space. They are no China-based so no need to worry about all the regulation manipulation and they already control 1% of the global hashrate. Even more now that China is cracking down which will only catapult their earnings over the next few quarters.

Other positive factors

Institutional investors can now buy in. RIOT and MARA had an explosion of buying from large institutions this is likely to start and only help drive the price up. This has already started prior to their uplisting.

https://finance.yahoo.com/news/bitfarms-announces-closing-cad-40-230000914.html

https://finance.yahoo.com/news/bitfarms-announces-closing-second-cad-220000320.html

Russell inclusion- Much like MARA and RIOT as the market cap increases they will likely be added to the Russell 2000 on a future rebalancing.

Crypto finding a bottom- If the bottom was tested at 29-30k recently and hold this should also prove to be one of the lowest points BITF would have on the first two days it was traded. Any increase in crypto price from here would increase profitability and also the value over the over 1k in BTC they hold on their balance sheet.

Risks

Crypto price decline. They mine at an average cost of under $8500 per coin so this is not really an issue at the current valuation but would slow growth.

Offerings- They have a $500m shelf offering approved as of June 11th so this could cause short-term disruption to growth but with minimal debt, it will likely be used to acquire more miners or improvements in energy efficiency.

Based on some paper math I would estimate a modest price target would put them around $14.25 if the price of Bitcoin remained around 33k


Bitfarms (BITF) undervalued 100% renewable energy miner undervalued

BITF (Formerly BFARF was just uplisted to the Nasdaq on 21 June from the TSX where it is also dual-listed now)

Bitfarms website-

Investor Presentation June 2021

Key points;

  • 6,461 miners in operations currently
  • Each facility is 100% powered with environmentally-friendly hydro power and secured with long-term power contracts. Bitfarms is currently the only publicly traded pureplay mining company audited by a Big Four audit firm.
  • 69MW capacity and building out to 168MW by the end of the year
  • 1,200 PH/s in Q1 projected 3,000 PH/s by the end of the year (210% growth)
  • Cost to mine is $8,400 (mined 598 coins in Q1)
  • Total assets of 164m with Cash on hand of 53m total liabilities 22.1m (basically no debt!)
  • Vertically integrated
  • Own the electrical company for their locations which allows them to maintain a 24/7 staff to repair and monitor equipment cheaper
  • Bitfarms has added 1,114 mined Bitcoin to treasury. This Bitcoin is currently worth over US$41 million based on a Bitcoin price of US$37,000.

Comparision to other miners

https://preview.redd.it/5347cgkix4771.png?width=768&format=png&auto=webp&s=ad6149fc89a1808972fa09fa71abe7c5d4a2820c

Projected Growth

https://preview.redd.it/m12lkr5jx4771.png?width=768&format=png&auto=webp&s=ecc485879fadb07d31635211166de5a21fba3069

https://preview.redd.it/9ktx98pkx4771.png?width=768&format=png&auto=webp&s=cb1becc76090e4c0da2a147c04e25586e561d36b

They are powered by 99% renewable energy. As this continues to come up this will only provide further tailwinds to push them up to and past other miners in the space. They are no China-based so no need to worry about all the regulation manipulation and they already control 1% of the global hashrate. Even more now that China is cracking down which will only catapult their earnings over the next few quarters.

Other positive factors

Institutional investors can now buy in. RIOT and MARA had an explosion of buying from large institutions this is likely to start and only help drive the price up. This has already started prior to their uplisting.

https://finance.yahoo.com/news/bitfarms-announces-closing-cad-40-230000914.html

https://finance.yahoo.com/news/bitfarms-announces-closing-second-cad-220000320.html

Russell inclusion- Much like MARA and RIOT as the market cap increases they will likely be added to the Russell 2000 on a future rebalancing.

Crypto finding a bottom- If the bottom was tested at 29-30k recently and hold this should also prove to be one of the lowest points BITF would have on the first two days it was traded. Any increase in crypto price from here would increase profitability and also the value over the over 1k in BTC they hold on their balance sheet.

Risks

Crypto price decline. They mine at an average cost of under $8500 per coin so this is not really an issue at the current valuation but would slow growth.

Offerings- They have a $500m shelf offering approved as of June 11th so this could cause short-term disruption to growth but with minimal debt, it will likely be used to acquire more miners or improvements in energy efficiency.

Based on some paper math I would estimate a modest price target would put them around $14.25 if the price of Bitcoin remained around 33k.

Disclosure- I have a large position in BITF that I have been building over the past few months for all the reasons above.


Summary of Twitch female podcast 23 June

Today was russian Twitch podcast on Shina4 channel with Nikita and female EFT streamers.

My summary can be not correct because I'm not english native speaker and I did some mistakes.

I try to add all main things on my opinion.

If some summary already created, plz delete this.

I apologize for my english:

  1. In the beginning they talked a lot about female part of Tarkov community. Nikita talked about his wife for example.
  2. As Nikita told before, the game will be more hardcore and this their global goal. And they want to create Tarkov as intellectual game and because of that they want to add a lot specific things .
  3. Nikita know exactly how many people playing in Tarkov. 13% - female players in Tarkov. But they didn't know this is real 13% female or just males who choose female in menu. Nikita want smth (event or any activity) to praise part of Female community
  4. Entrance in labs will be from Streets, factory and another map(mb more). Price of Lab-cards will be lower in the future. Labs (maybe) will be like Dungeon, you should enter and exit from it. They didn't how to regulate number of people in Labs. MB they create instance like 10 players enter from one entrance, and 10 from another entrance.
  5. Nikita dont want empty Streets. Nikita said raid time streets will be hour thirty minimum. Some of entrance will be easy to camp.
  6. Nikita want to improve insurance part. He want connect insurance with scavs(scav carma) and cars. Insurance=scavs. Scav reputation will control unsurance( price ). One of two new traders will give some insurance services(like take your gear from labs).
  7. Scav will be able to raid Labs after Streets release and they can do it as a group. Raiders will able to exit from Labs to Streets. And He reminded abot dynamic boss spawns.
  8. They didn't know will be Boss events regular or not. They know how we liked it. They still think how to realise it correct.
  9. Arena will have team dm, team vs team e.t.c player vs team, team vs pve 1v1 etc. Players will achive honor points(ranked points) and that will be player main goal. Achive points will give lvls. The player's level will give access to different modes like mode with bets, ranked mods etc. If u have main game u can use your in game(EFT) loadout if u don't have main game u can choose preset loadout. You will loose your gear if you use you own loadout. They will try to separate players with EFT and players without it. They still didn't how to monetize Arena. He said Arena need different servers and a lot of money to buy it. Nikita know about butthurt EODowners and arena MOST LIKELY will be in EOD. BUT again they still didn't know but if arena will be in EOD it will be fair enough on Nikita opinion. Arena-Players can earn money like in EFT raids. Nikita want add bets to the Arena, like you team and enemy team can bet on their own victories. Nikita thinks they should rework network system for Arena. He want to see CS mechanics in EFT.
  10. EFT support will be long like EVEonline or WoW. He didnt like COD style support.
  11. Nikita loves dedicated fans who are into the game and the development of the game. And They look to them more than others(talked about new ideas or opinion).
  12. First offline map will be tutorial map.
  13. He want to add new events like Bitcoin event and Fuel crisis. Nikita didn't like situation when players farm bitcoin for 3-4 month. He said it was like utiopia, like communism. And they will try price balance like this events (tarcoin for example).
  14. They thinking about increasing cycle of leveling(more grind perhaps). They want to add new secure container - Amicron. It will be 4x4 container and u can put items only before the raid(that mean u can't put items in container in raid). He want to add global fraction quest. He want to unite players with this global quest. He want add in dailychallenges collective quest(for example players can complete quests together, I think it will looks like in classic MMO). They want add all plot-quest before release.
  15. They planning to add mechanic when players can heal other players.
  16. They finnaly understand how to create unconsciousness and players can imitate this condition(like fake death)
  17. 12.11 12.12 etc will change a lot of things with mechanic weapon breakage. Maybe they will add weapon explosion.
  18. no date for unity2019.
  19. Wall destruction can be added on other maps(like factory and dorms in customs)
  20. Lighthouse will be before Streets. 2 bosses, hard USEC base, one exit with train. Size will be between Shoreline and new Woods map and will be looks like Shoreline and Woods. Now a lot of people working on lighthouse.
  21. no information about patch-date and wipe-date.

Daily Futures Levels - options4futures.com - 6-24-2021

ESU21 saw a very modest range on June 23rd of 18 points. We are still

looking at the 4220/22 area as major support and as long as that area holds the trend is up. A close above the 4248 area should see new all time highs in the cash S&P 500 index. Some modest support at 4230/31 and if that area does get tested and pushes ESU21 below 4230 we should see uptrend resume as long as we are above 4220/22.

NQU21 - This is a strong market and as long as major levels are below us we should see continued upside. Key support levels are 14200/05 and below that the major support of 14000/50. Their may be some selling pressure if we break 14250.

 

ZBU21 saw an "inside day" on June 23rd, closing down 5/32nds at 159-25. Cash Treasuries: 30y at 2.11%, 20y at 2.04% and 10y at 1.486%. For 10y, range is 1.44%-1.53% until break out, while for 30y the range is 2.05%-2.15% for now. PCE and PCE Core will be released Friday June 25th - the PCE Core "might be" what gets these yields and bond prices out of the recent ranges. For Thursday June 24th, we may see ZBU21 stay inside of Tuesday's range: 159-08 to 160-12 as many traders may prefer to wait until after PCE Core is released.

 

BTM21 has some good resistance near 35,000 which it could not get above on June 23rd. We may bounce between 30,000 and 35,000 until the market decides which way it is going in any sustained manner. If June Bitcoin (or July Bitcoin) closes below 30,000 at some point (and stay below - not just a 1 day event), we could see a fairly volatile move towards 20,000.


Summary of tonight's interview with Nikita on Twitch

Disclaimer before anyone jumps on it: Wipe wasn't mentioned at all.

The interview was in Russian, so my notes are based of Bakeezy's translation and other peoples' comments since I don't speak Russian at all lmao. All info comes directly from Nikita. It's a pretty short interview, if you want to watch it for yourself check BakeeZy's stream (https://www.twitch.tv/videos/1065281034) or the podcast itself directly (https://www.twitch.tv/videos/1065220785)

From BakeeZy's live translation stream.

  • There might be quests added that will involve elements of teamwork. They will be made so it's "logical" for it to be completed together with other people.
  • Changes in the game will be made with the entire playerbase in mind. They aren't interested in changing things just for the 1%. (Think whiney twitch streamers).
  • Animation being worked on for people getting knocked down, losing consciousness, and teammates restoring their teammate's consciousness.
  • Biggest problem with falling unconscious is that it's hard to make animations of that. For example, if you come unconscious on a staircase, it will look very stupid. But there needs to be a way to tell a difference between when you're dead and when you're unconscious.
  • In the future, when you report a cheater, it's planned for you to recieve a message if/when they're banned.
  • Nikita says in 10 years of game dev experience, he learned it's a bad idea to release game patches on Fridays or Weekends because everything can break and there'd be no one around to fix it. The best time to release a patch is apparently Wednesday or Thursday. wink wink smileyface.
  • There will be destroyable walls on ALL maps in the future. They will be implemented on Streets of Tarkov first, then placed on other maps. It will only be certain walls, as it's impossible for everything to be destructible. In the last teaser, it was only 1 building out of 140 on the map (!!!). Nikita says that ironically, it will probably work better on other maps than Streets.
  • Lighthouse is planned before Streets. It'll have 2 scav bosses, USEC's main base, and a lot of developers have been assigned to work on Lighthouse to get it finished. There will be a teaser for it prior to release.
  • Nikita thanked the people interviewing him for asking good questions, since he usually gets dogshit questions everyone already knows the answer to.

That's all he translated, so unfortunately that's all I got. Now, as I said, I don't speak Russian so I'm trusting BakeeZy on this one for his translation. If some of the information here is incorrect, please let me know or just leave a comment!

Other stuff that wasn't translated by BakeeZy, but I got from another Reddit post

  • Next patch will introduce more "hardcore mechanics"
  • A tutorial mission is planned.
  • Bitcoin as a bad gameplay mechanic is bad, but it's good as an event. (dunno what this means)
  • There will be more events like the one going on right now in the future.
  • Kappa is planned to be much harder to get.
  • You'll be able to enter and exit Labs from 2-3 different locatiosn in the future.
  • Scav Karma will affect the number of exfils you get as a scav. Will also affect insurance mechanics apparently, but there's no emphasis on that.
  • Apparently they're testing a future system for moving bosses between locations. I assume that's what they're doing now with these events.
  • Collimator red dots are being reworked. Comment said for 'next patch', so I guess 12.11 has an optics rework.

So that's all! If you guys pick up anything else, or if I got something wrong/left something out, please let me know or comment down below.

:D


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.

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?

What Is DeFi?

DeFi stands for Decentralized Finance. To put it simply, the decentralized financial system will not be managed by any individual or organization. This is in contrast to the centralized financial system with banks and other financial institutions, which is subject to the control of one party.

DeFi includes financial applications built on blockchains like Ethereum, EOS, Tron, or Binance Smart Chain, etc. These apps allow you to save, borrow, or invest without a high minimum investment and cumbersome approval process. Thus, people with different levels of incomes can access a variety of financial services more easily.

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.

Smart contracts

Smart contracts are computer programs designed to operate on their own without any human intervention. In the cryptocurrency market, smart contracts first appeared on the Ethereum platform. Because it is programmed to run automatically, the transactions executed by the smart contract are transparent and cost-effective by eliminating the middlemen. In addition, the transactions on smart contracts are trackable and irreversible so users’ transactions are secure.

Stablecoins

Stablecoins are cryptocurrencies whose value is pegged to a particular currency or underlying asset. They facilitate users to convert value between different assets with minimal price fluctuations. There are 3 main types of stablecoins as follows:

  • Stablecoins that are backed by a currency in a 1:1 ratio. For example, 1 USDT is worth 1 USD. The amount of USDT issued will depend on the total USD value held by the issuer.
  • Stablecoins that are backed by cryptocurrencies. Here, cryptocurrencies will be used as collateral to generate stablecoins automatically through smart contracts. The collateral rate will always be greater than 100% to ensure liquidity for that stablecoin. For example, users will lock their ETH on the system to generate DAI. If the collateral is 150%, then with 1 ETH locked, the system can generate 66 DAI.
  • Algorithmic Stablecoin uses algorithms to balance the supply in the market. For example, ESD is generated at the value of 1 USD. When the price of ESD is less than 1 USD, the system will automatically buy back a certain amount of tokens to push the price to 1 USD. Conversely, when the ESD price is greater than 1 USD, the system will issue more ESD. This algorithm will ensure that the value of ESD is always around 1 USD.

Tokens

Token is an asset on the Blockchain system. Each token will usually have its own application and is often built on top of another coin’s blockchain like Ethereum, EOS, NEO, etc. For example, BNB was created to reduce transaction fees for users when buying and selling on the Binance exchange, and it was originally built on the Ethereum platform. The development team will have to pay fees in platform coins (e.g., ETH) to generate their tokens as well as convert tokens back and forth on that blockchain.

Token Burns

Token Burn is the process of permanently reducing the total supply of a token. If the supply decreases while the demand stays the same or increases, the token price will increase.

Tokenomics

Tokenomics is a term used to describe the principal functions and uses of a new token. It is like a stock prospectus that outlines a company’s business, financial condition, and future growth plans. Tokenomics will typically include the total supply number, distribution, specific applications, and growth potential of a token. Therefore, you should take the time to read tokenomics before making an investment decision.

TVL/TLV

TVL stands for Total Value Locked, which means the total value of assets locked in a decentralized exchange, decentralized application, or the entire DeFi system. It is also known as TLV (Total Locked Value). As aforementioned, currently, the TVL of the DeFi market is about 40 billion dollars according to DeFi Pulse.

As DeFi grows, the terms used in this field will definitely develop as well. For now, these terms are the very basic information that you must know if you want to invest in any DeFi project.

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


One BENEFIT of a market downturn: You can save a TON of $$$ on your taxes with this one simple crypto loop hole

One benefit of a market downturn: You can save a TON of $$$ on your tax bill for next year with this one simple crypto tax loop hole. Let's discuss...

If you sell or trade your crypto when it is below the price you originally acquired it for, you incur a capital loss. Capital losses get deducted from capital gains on your taxes, and overall, they reduce your taxable income for the year.

E.g. Let's say you bought bitcoin at $55,000 a month ago. If you sold or traded that BTC at market prices today ($32,000), you would lock in a capital loss for the year and significantly lower your taxes.

But it gets even better: Because the IRS classifies cryptocurrency as property and NOT as a security, "wash sale" rules do not apply to crypto as they do for stocks. This means you can buy the BTC that you sold back immediately and still realize the capital loss.

This is even MORE important if you have incurred gains earlier this year. Remember, capital losses deduct from capital gains on your tax return during the year they were realized. So if you've already "realized gains", you should take losses if possible to offset these gains.

E.g. Let's say you traded ETH for $MATIC at the height of the market. In doing this, you realized a taxable event and likely huge taxable gains as ETH was at all time highs. However, now your $MATIC is underwater (worth less than you got it for).

So, if you sell out of $MATIC today, and then immediately buy it back, you will realize losses and offset a lot of those gains that you realized from your trade of ETH to $MATIC This could save you a TON on your taxes. I know someone who reduced his tax bill by $43,000 by doing this!

This is a process known as Tax Loss Harvesting, and it's a strategy rich people use all the time to lower their capital gains tax bill every year (more info on TLH here).

Also, you can use crypto tax software tools like CryptoTrader.Tax or BitTaxer to automatically detect your biggest tax savings opportunities for you. (The tools cost money, but you can test them out for free)

So in summary: Take a look at your current positions and see if there is any opportunity to "harvest" losses. Doing this proactively can lead to HUGE tax savings for next year.


Evening Briefing

The delta variant of the coronavirus is spreading rapidly in the U.S. and now accounts for one-fifth of recent infections in the world’s hardest-hit country. Meanwhile, a new study provides support for something long suspected by health experts: the confirmed number of coronavirus infections are just a fraction of the actual cases. According to scientists at the U.S. National Institutes of Health, an estimated 20 million Americans were likely infected with Covid-19 by mid-July of last year—17 million more than previously thought. In other words, for every one confirmed case at the time, there were almost five that went undiagnosed. 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 U.S. Supreme Court crushed Fannie Mae and Freddie Mac investors Wednesday, tossing out a central component of their lawsuit over the government’s collection of more than $100 billion in profits from the government-sponsored enterprises. The decision was a win for the White House and a setback for firms including Paulson & Co., Pershing Square Capital Management and Fairholme Funds, all of which sought for years to persuade the government to release Fannie and Freddie from U.S. control, thereby earning billions of dollars on their shares. Following the ruling, Fannie and Freddie cratered, plunging the most in intraday trading since 2013. Meanwhile, the decision also meant President Joe Biden could fire Federal Housing Finance Agency Director Mark Calabria, a Trump administration holdover. Biden moved to do so almost immediately.

Mark Calabria Photographer: Andrew Harrer/Bloomberg The Bitcoin Fund listed on the Nasdaq Dubai exchange Wednesday, the first of its kind to trade in the Middle East. The stock closed up 10% for the day. The fund says it invests in long-term holdings of Bitcoin as a safer alternative to direct investments in the cryptocurrency.

His name synonymous with virus software, John McAfee was reportedly found dead in his Spanish prison cell after an announcement earlier Wednesday that he would be extradited to the U.S. to face charges of financial crimes. Spanish newspaper La Vanguardia reported that he appeared to have died by suicide, citing a statement from the regional Department of Justice of Catalonia, where he was being held.

John McAfee speaks during the China Internet Security Conference in Beijing in 2016. Photographer: Fred Dufour/AFP A member of the extreme right-wing “militia” group Oath Keepers admitted he conspired to riot during the attack on the U.S. Capitol Jan. 6 and agreed to cooperate with U.S. prosecutors. Graydon Young of Englewood, Florida, pleaded guilty to conspiracy and obstruction of justice at a hearing in Washington on Wednesday. With hundreds of Donald Trump followers already charged in the insurrection which killed five people, the Justice Department has said more arrests are planned.

The Royal Navy sent the HMS Defender into waters off of Ukraine’s Crimean peninsula this week, a region that was annexed in 2014 by Russia as part of a widely condemned invasion. On Wednesday, Russia said it fired warning shots at the destroyer and dropped bombs to scare it off as it transited the Black Sea. Britain said it was aware of a nearby Russian “gunnery exercise” but that the ship did not alter its course. “Last month they claimed they drove us out of the area. This month it is bombs and missiles,” a senior British official said. “More fiction than Harry Potter.”

HMS Defender Photographer: Barcroft Media/Barcroft Media The U.S. is poised to bar some solar products made in China’s Xinjiang region, marking one of the Biden administration’s biggest steps yet to counter China’s mass internment of the area’s ethnic Uyghur Muslim minority.

American births fell by 8% in December, marking an acceleration in declines during the second part of 2020. For the full year, the number of babies born in the country fell 4% to about 3.6 million, the largest decline since 1973.

What you’ll need to know tomorrow

One airline is set to emerge from Covid-19 stronger than ever. Elon Musk is fixated on his stalled solar roof business. Remember the ship that blocked the Suez Canal? There’s a settlement. Lost fortune pits Russian oil baron against a Rothschild in N.Y. court. South African brothers vanish, and so does $3.6 billion in Bitcoin. California’s drought is so bad farmers are ripping out almond trees. Champagne guns and pricey rosé: Hamptons parties are back. Sponsored Content The power of PayPal online, now in person.

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SEC Starts Sniffing Out the Greenwashers

Worldwide, there are more than 600 exchange-traded funds that claim to follow the principles of environmental, social and governance investing. But how many of them really do? This is the question for the U.S. Securities and Exchange Commission, Bloomberg Green reports, as the formidable securities watchdog wanders into a thicket of inconsistent standards and yardsticks, sniffing for greenwashers.

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.

Sustainable Business Summit Global: On July 13-14, Bloomberg will bring together corporate leaders and investors to discuss innovation and best practices in sustainable business and finance. This global event will span key markets and time zones, leveraging Bloomberg’s unrivaled expertise to focus on the risks and opportunities faced by executives and forward-thinking investors. Sponsored by Principal. Register here.


$120 in Free Bitcoin + Earn Crypto Interest! Celsius - Gemini - Coinbase - BlockFi

Celsius - $90 Free BTC

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$120 in Free Bitcoin + Earn Crypto Interest! Celsius - Gemini - Coinbase - BlockFi

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Celsius pays industry leading interest rates on a wide variety of cryptocurrencies and stablecoins. Currently they have over 21 billion USD of crypto assets and are continuing on an aggressive growth path. In addition to earning, you can take fiat loans out against your crypto balances to avoid a taxable event. The cherries on top are weekly interest payments, no lock-ups, and FREE withdrawals!
Please note, you DO NOT want to withdraw any crypto from your account while the promo/referrals are ‘locked’ for 30 days. Doing so will likely cancel both bonuses.

Referral Code: 1080288f9a
Referral Link: https://celsiusnetwork.app.link/1080288f9a
Reward: $40 BTC
Eligibility: New Users
Details:

  1. Sign up for a Celsius account with my referral link: https://celsiusnetwork.app.link/1080288f9a
  2. Make sure the referral code is populated during the signup process / first step of the app with your name. It cannot be added after your wallet is created
  3. Complete the KYC / Verify your identity
  4. Deposit $400 or more of crypto into your account in your first deposit. You will receive the $40 of BTC in 30 days, but can see a pending deposit in your BTC wallet

Promo Code: HODL50
Reward: $50 BTC
Eligibility: New Users
Details:

  1. Tap the © in the lower right corner of App > Select Profile > Select Promo Code
  2. Tap ‘Enter a promo code’ and type HODL50
  3. Deposit $400 or more of crypto into your account. You will receive the $50 of BTC in 30 days, but can see a pending deposit in your BTC wallet

------------------------------------
BlockFi - $10 BTC
BlockFi is a platform which lets you earn on your cryptocurrency balances with interest being accrued daily and paid monthly. In addition you can trade crypto for free and take fiat loans against existing crypto balances.
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Reward: $10 BTC
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  1. Sign up for a BlockFi account with my referral link: https://blockfi.com/?ref=70ad1c7e
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------------------------------------
Gemini - $10 BTC
Gemini is a US-based regulated and licensed cryptocurrency exchange. Its offerings include low cost trading, 10 free monthly withdrawals, the ability to earn on crypto balances, and an upcoming credit card.
Referral Code: grnz6l5fx
Referral Link: https://gemini.com/share/grnz6l5fx
Reward: $10 BTC
Eligibility: New Users
Details:

  1. Sign up for a Gemini account with my referral link: https://gemini.com/share/grnz6l5fx
  2. Complete KYC / Verify your identity
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  4. Activate ActiveTrader Mode by going to Settings > Exchange > Trade Interface. It's FREE and will lower the trading fees as low as 0.03% and it will open other trading pairs.
  5. Buy or Sell 100 USD of any crypto within 30 days of opening an account and Gemini will deposit your bonus of $10 worth of Bitcoin within a day.

------------------------------------
Coinbase - $10 BTC
Coinbase is a leading US-based and publicly traded cryptocurrency exchange. Its offerings include the ability to trade a wide range of coins, a wallet, and free crypto via its Earn platform.

Referral Code: walter_kja
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Buy or Sell 100 USD of any crypto within 180 days of opening an account and Coinbase will deposit your bonus of $10 worth of Bitcoin within four days.


What is Required for Actual Mainstream Crypto Adoption [OPINION]

Nearly everybody in this sub believes that decentralized cryptocurrencies will play an integral part in our future (or at least some of us). However, crypto is barely being actually used. Yes, institutions are waking up to the potential of crypto, but investing and holding a coin/token are far from adoption. While smaller countries are starting to adopt Bitcoin and the lightning network as legal tender, the complexities of funding and opening channels (while still paying fees) turns off many to the idea.

When I see “credits” or money being used in futuristic or Sci-Fi movies/shows, I don’t see their society using money that costs fees to send, takes awhile to transact, or uses a significant % of their society’s energy output—renewable or not. For example, everyday people like me can already send as many emails as we want to anyone in the world for a whopping $0, instantly. I believe the transfer of money will begin to converge with how efficient our transfer of information is.

Additionally, I envision a large portion of our population will someday be using crypto for their micro-transactions and daily payments. For this reason, crypto needs to at least match the user experience of using existing centralized payment networks (PayPal, Venmo, Zelle) or, ideally, be better.

This is why I hold, and try to wherever I can, use Nano. While Nano still has its flaws and many love to point out some of its past issues, Nano is at bleeding edge of making money as efficient as possible. In an ideal world, it literally does not get better than completely feeless and instant transactions; this is without even mentioning it’s energy efficiency and decentralization game theory. If I find something better that matches Nano’s user experience, I would love to hop aboard—but so far I have not found anything better. Also, many people love to say, “well why not just use ETH after EIP-1559 comes out, or Solana, or IOTA?” Well, in my opinion, I think it’s absolutely imperative that a monetary protocol focusing on the transfer of value does not have multiple demand curves. By this I mean that every additional feature or use of a network will, in the long run, make transferring value less efficient. If a protocol can be used for smart contracts or DeFi, then the network will increasingly become bogged down by those uses and slow down pure money transfers.

Finally, if we can achieve these requirements on a base layer of a protocol, why we would not use that over a 2nd layer? In my opinion, 2nd layer solutions will inevitably lead to custodial solutions and synthetic crypto—exactly what we are trying to get away from. Time will tell if Nano is the one that will eventually be the de-facto internet money protocol, but I strongly believe SOME crypto that meets these similar features will eventually be used by millions, hopefully billions, of everyday people in the future.

Yes, I hold Nano and yes, more people buying Nano directly helps my investment in it. Do your own research.

Edit: I also realized that governments need to allow crypto payments as non-taxable events. Shouldn’t need to report capital gains when I buy something with a crypto.


TRON: A Public Blockchain As The Infrastructure For A Decentralized Internet.

what you are about to read is an small part of an article from Binance research. there's a link at the end of the post for the full article.

1. What is TRON (TRX)?

TRON is a public blockchain dedicated to providing the underlying infrastructure that enables developers to create smart contracts and decentralized applications, freely publish, own, and store data & other content.

TRON deploys a Delegated Proof-of-Stake (DPoS) consensus mechanism to avoid the issue of low transaction throughput times and high transaction fees amongst Proof-of-Work (PoW) public blockchains (e.g., Bitcoin).

Specifically, some of the core features of TRON include:

  • A three-layer architecture: a three-Tron supports a three-layer architecture divided into a core layer, a storage layer, and an application layer.
  • Delegated Proof-of-Stake consensus: TRON utilizes a DPoS algorithm to reach high TPS, offering greater scalability than existing programmable networks.
  • A network of 27 Super Representatives: TRON relies on a unique model with accounts named Super Representatives who generate and validate blocks.
  • Tron Virtual Machine (TVM): smart contracts are written in Solidity, making it easy for Ethereum developers to deploy on the TRON network. The TRON project also plans on supporting additional languages in the future.

TRON's mission is to become the underlying architecture for decentralized applications, and therefore "building a truly decentralized internet".

Some of its products include:

  • TronGrid: it provides full nodes running in the cloud allowing developers not to set up a full node to work with the TRON protocol. TRONGrid APIs enable developers to query events, transactions, assets, and other blockchain data. Since the launch of TronGrid v2 at the beginning of 2019, there has been a steady increase of traffic with occasional peaks due to dApp launches, averaging over 12,000 requests per second, over 1 billion requests per day. The average response time for querying events on TronGrid v2 has been continuously below 100ms. TronGrid v3, with new features and other significant performance improvements, is in the alpha testing phase as of April 17th 2019 and is expected to be soon released to the entire community.
  • TronLink: it is a TRON wallet running as a Chrome browser extension, as well as on stand-alone iOS and Android applications. It can be integrated into other decentralized applications and can be used to send and receive TRX, TRC-10 (e.g., BTT), and TRC-20 tokens (USDT).

TRX is the native asset of the TRON network. A few examples of the use cases for the TRX token include:

  • Payments for services and goods provided by service providers and merchants on TRON.
  • Payments for fees and commissions for running native smart contracts.
  • Staking TRX to delegate energy towards running smart contracts or voting for Super Representatives.

for the full article click HERE


Mockingbird X.0

Imagine if there was one desk that all stories could cross so that, at 4am, a media plan could be decided upon and disseminated where all news outlets coordinated to set the goalposts of debate and hyper focused on specific issues to drive a narrative to control how you vote and how you spend money; where Internet shills were given marching orders in tandem to what was shown on television, printed in newspapers and spread throughout articles on the World Wide Web.

https://i.imgur.com/Elnci0M.png

In the past, we had Operation Mockingbird, where the program was supremely confident that it could control stories around the world, even in instructions to cover up any story about a possible “Yeti” sighting, should it turn out they were real.

https://i.imgur.com/121LXqy.png

If, in 1959, the government was confident in its ability to control a story about a Yeti, then what is their level of confidence in controlling stories, today?

https://i.imgur.com/jQFVYew.png

https://i.imgur.com/ZKMYGJj.png

In fact, we have a recent example of a situation similar to the Yeti. When Bill Clinton and Loretta Lynch met on the TARMAC to spike the Hillary email investigation, the FBI was so confident it wasn’t them, that their entire focus was finding the leaker, starting with searching within the local PD. We have documentation that demonstrates the state of mind of the confidence the upper levels of the FBI have when dealing with the media.

https://i.imgur.com/IbjDOkI.png

https://i.imgur.com/NH86ozU.png

The marriage between mainstream media and government is a literal one and this arrangement is perfectly legal.

https://i.imgur.com/OAd4vpf.png

But, this problem extends far beyond politics; the private sector, the scientific community, even advice forums are shilled heavily. People are paid to cause anxiety, recommend people break up and otherwise sow depression and nervousness. This is due to a correlating force that employs “systems psychodynamics”, focusing on “tension centered” strategies to create “organizational paradoxes” by targeting people’s basic assumptions about the world around them to create division and provide distraction.

https://i.imgur.com/6OEWYFN.png

https://i.imgur.com/iG4sdD4.png

https://i.imgur.com/e89Rx6B.png

https://i.imgur.com/uotm9Cg.png

https://i.imgur.com/74wt9tD.png

In this day and age, it is even easier to manage these concepts and push a controlled narrative from a central figure than it has ever been. Allen & Co is a “boutique investment firm” that managed the merger between Disney and Fox and operates as an overseeing force for nearly all media and Internet shill armies, while having it’s fingers in sports, social media, video games, health insurance, etc.

https://i.imgur.com/zlpBh3c.png

https://i.imgur.com/e5ZvFFJ.png

Former director of the CIA and Paul Brennan’s former superior George Tenet, holds the reigns of Allen & Co. The cast of characters involves a lot of the usual suspects.

https://i.imgur.com/3OlrX7G.png

In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, it netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coca-Cola's board of directors.

Since its founding in 1982, the Allen & Company Sun Valley Conference has regularly drawn high-profile attendees such as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, and Donald Keough.

Allen & Co. was one of ten underwriters for the Google initial public offering in 2004. In 2007, Allen was sole advisor to Activision in its $18 billion merger with Vivendi Games. In 2011, the New York Mets hired Allen & Co. to sell a minority stake of the team. That deal later fell apart. In November 2013, Allen & Co. was one of seven underwriters on the initial public offering of Twitter. Allen & Co. was the adviser of Facebook in its $19 billion acquisition of WhatsApp in February 2014.

In 2015, Allen & Co. was the advisor to Time Warner in its $80 billion 2015 merger with Charter Communications, AOL in its acquisition by Verizon, Centene Corporation in its $6.8 billion acquisition of Health Net, and eBay in its separation from PayPal.

In 2016, Allen & Co was the lead advisor to Time Warner in its $108 billion acquisition by AT&T, LinkedIn for its merger talks with Microsoft, Walmart in its $3.3 billion purchase of Jet.com, and Verizon in its $4.8 billion acquisition of Yahoo!. In 2017, Allen & Co. was the advisor to Chewy.com in PetSmart’s $3.35 billion purchase of the online retailer.

Allen & Co throws the Sun Valley Conference every year where you get a glimpse of who sows up. Harvey Weinstein, though a past visitor, was not invited last year.

https://en.wikipedia.org/wiki/Allen_%26_Company_Sun_Valley_Conference

Previous conference guests have included Bill and Melinda Gates, Warren and Susan Buffett, Tony Blair, Google founders Larry Page and Sergey Brin, Allen alumnus and former Philippine Senator Mar Roxas, Google Chairman Eric Schmidt, Quicken Loans Founder & Chairman Dan Gilbert, Yahoo! co-founder Jerry Yang, financier George Soros, Facebook founder Mark Zuckerberg, Media Mogul Rupert Murdoch, eBay CEO Meg Whitman, BET founder Robert Johnson, Time Warner Chairman Richard Parsons, Nike founder and chairman Phil Knight, Dell founder and CEO Michael Dell, NBA player LeBron James, Professor and Entrepreneur Sebastian Thrun, Governor Chris Christie, entertainer Dan Chandler, Katharine Graham of The Washington Post, Diane Sawyer, InterActiveCorp Chairman Barry Diller, Linkedin co-founder Reid Hoffman, entrepreneur Wences Casares, EXOR and FCA Chairman John Elkann, Sandro Salsano from Salsano Group, and Washington Post CEO Donald E. Graham, Ivanka Trump and Jared Kushner, and Oprah Winfrey.

https://i.imgur.com/VZ0OtFa.png

George Tenet, with the reigns of Allen & Co in his hands, is able to single-handedly steer the entire Mockingbird apparatus from cable television to video games to Internet shills from a singular location determining the spectrum of allowable debate. Not only are they able to target people’s conscious psychology, they can target people’s endocrine systems with food and pornography; where people are unaware, on a conscious level, of how their moods and behavior are being manipulated.

https://i.imgur.com/mA3MzTB.png

"The problem with George Tenet is that he doesn't seem to care to get his facts straight. He is not meticulous. He is willing to make up stories that suit his purposes and to suppress information that does not."

"Sadly but fittingly, 'At the Center of the Storm' is likely to remind us that sometimes what lies at the center of a storm is a deafening silence."

https://i.imgur.com/YHMJnnP.png

Tenet joined President-elect Bill Clinton's national security transition team in November 1992. Clinton appointed Tenet Senior Director for Intelligence Programs at the National Security Council, where he served from 1993 to 1995. Tenet was appointed Deputy Director of Central Intelligence in July 1995. Tenet held the position as the DCI from July 1997 to July 2004. Citing "personal reasons," Tenet submitted his resignation to President Bush on June 3, 2004. Tenet said his resignation "was a personal decision and had only one basis—in fact, the well-being of my wonderful family—nothing more and nothing less. In February 2008, he became a managing director at investment bank Allen & Company.

https://i.imgur.com/JnGHqOS.png

We have the documentation that demonstrates what these people could possibly be doing with all of these tools of manipulation at their fingertips.

The term for it is “covert political action” for which all media put before your eyes is used to serve as a veneer… a reality TV show facade of a darker modus operandum.

https://i.imgur.com/vZC4D29.png

https://www.cia.gov/library/center-for-the-study-of-intelligence/kent-csi/vol36no3/html/v36i3a05p_0001.htm

It is now clear that we are facing an implacable enemy whose avowed objective is world domination by whatever means and at whatever costs. There are no rules in such a game. Hitherto acceptable norms of human conduct do not apply. If the US is to survive, longstanding American concepts of "fair play" must be reconsidered. We must develop effective espionage and counterespionage services and must learn to subvert, sabotage and destroy our enemies by more clever, more sophisticated means than those used against us. It may become necessary that the American people be made acquainted with, understand and support this fundamentally repugnant philosophy.

http://www.nbcnews.com/id/3340677/t/cia-operatives-shadowy-war-force/

Intelligence historian Jeffrey T. Richelson says the S.A. has covered a variety of missions. The group, which recently was reorganized, has had about 200 officers, divided among several groups: the Special Operations Group; the Foreign Training Group, which trains foreign police and intelligence officers; the Propaganda and Political Action Group, which handles disinformation; the Computer Operations Group, which handles information warfare; and the Proprietary Management Staff, which manages whatever companies the CIA sets up as covers for the S.A.

Scientology as a CIA Political Action Group – “It is a continuing arrangement…”: https://mikemcclaughry.wordpress.com/2015/08/25/scientology-as-a-cia-political-action-group-it-is-a-continuing-arrangement/

…Those operations we inaugurated in the years 1955-7 are still secret, but, for present purposes, I can say all that’s worth saying about them in a few sentences – after, that is, I offer these few words of wisdom. The ‘perfect’ political action operation is, by definition, uneventful. Nothing ‘happens’ in it. It is a continuing arrangement, neither a process nor a series of actions proceeding at a starting point and ending with a conclusion.

CIA FBI NSA Personnel Active in Scientology: https://i.imgur.com/acu2Eti.png

When you consider the number of forces that can be contained within a single “political action group” in the form on a “boutique investment firm,” where all sides of political arguments are predetermined by a selected group of actors who have been planted, compromised or leveraged in some way in order to control the way they spin their message.

https://i.imgur.com/tU4MD4S.png

The evidence of this coordinated effort is overwhelming and the “consensus” that you see on TV, in sports, in Hollywood, in the news and on the Internet is fabricated.

Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.'

Thus the uninformed reader will most likely develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.'

When you find yourself feeling like common sense and common courtesy aren’t as common as they ought to be, it is because there is a massive psychological operation controlled from the top down to ensure that as many people as possible are caught in a “tension based” mental loop that is inflicted on them by people acting with purpose to achieve goals that are not in the interest of the general population, but a method of operating in secret and corrupt manner without consequences.

Notice that Jeffrey Katzenberg, of Disney, who is intertwined with Allen & Co funds the Young Turks. He is the perfect example of the relationship between media and politics.

Katzenberg has also been involved in politics. With his active support of Hillary Clinton and Barack Obama, he was called "one of Hollywood's premier political kingmakers and one of the Democratic Party's top national fundraisers."

With cash from Jeffrey Katzenberg, The Young Turks looks to grow paid subscribers:

https://digiday.com/media/with-cash-from-katzenberg-the-young-turks-look-to-grow-paid-subscribers/

Last week, former DreamWorks Animation CEO Jeffrey Katzenberg’s new mobile entertainment company WndrCo was part of a $20 million funding round in TYT Network, which oversees 30 news and commentary shows covering politics, pop culture, sports and more. This includes the flagship “The Young Turks” program that streams live on YouTube every day. Other investors in the round included venture capital firms Greycroft Partners, E.ventures and 3L Capital, which led the round. This brings total funding for Young Turks to $24 million.

How Hollywood's Political Donors Are Changing Strategies for the Trump Era:

https://www.hollywoodreporter.com/features/hollywood-political-donors-are-changing-strategy-post-trump-1150545

Hollywood activism long has been depicted as a club controlled by a handful of powerful white men: Katzenberg, Spielberg, Lear, David Geffen, Haim Saban and Bob Iger are the names most often mentioned. But a new generation of power brokers is ascendant, including J.J. Abrams and his wife, Katie McGrath, cited for their personal donations and bundling skills; Shonda Rhimes, who held a get-out-the-vote rally at USC's Galen Center on Sept. 28 that drew 10,000 people; CAA's Darnell Strom, who has hosted events for Nevada congresswoman Jacky Rosen and Arizona congresswoman Kyrsten Sinema; and former Spotify executive Troy Carter, who held three fundraisers for Maryland gubernatorial candidate Ben Jealous (Carter also was a fundraiser for President Obama).

Soros Group Buys Viacom's DreamWorks Film Library:

https://www.forbes.com/2006/03/17/soros-viacom-dreamworks-cx_gl_0317autofacescan11.html#541a895f1f22

Viacom, after splitting off from Les Moonves Les Moonves ' CBS , still holds Paramount Pictures, and that movie studio in December agreed to acquire DreamWorks SKG, the creative shop founded by the Hollywood triumvirate of Steven Spielberg, David Geffen and Jeffrey Katzenberg (a former exec at The Walt Disney Co.). DreamWorks Animation had been spun off into a separate company.

Now it's time for Freston to make back some money--and who better to do a little business with than George Soros? The billionaire financier leads a consortium of Soros Strategic Partners LP and Dune Entertainment II LLC, which together are buying the DreamWorks library--a collection of 59 flicks, including Saving Private Ryan, Gladiator, and American Beauty.

The money you spend on media and junk food and in taxes goes to these groups who then decide how best to market at you so that they decide how you vote by creating a fake consensus to trick into thinking that you want something other than what is best for you; but will inevitably result in more money being funneled to the top, creating further separation between the super rich and the average person. The goal will be to assert creeping authoritarianism by generating outrage against policies and issues they hate. Part of manipulating your basic assumptions is also to use schadenfreude (think canned laughter on TV) against characters who support the cause that might actually do you the most good (which reaffirms and strengthens your confirmation biased along predetermined political lines).

https://i.imgur.com/PW1cRtj.png

We have a population being taught to hate socialism and love capitalism when the truth is no country is practicing either. These terms are merely disguises for political oligarchies where the collection of wealth is less about getting themselves rich and more about keeping everyone else poor.

What can you guess about the world around you if it turned out that every consensus that was forced on you was fake?

How much money would it take to make it look like 51% of the Internet believed in completely idiotic ideas? Combine shill operations with automation and AI’s, and the cost becomes a good investment relative to the return when measured in political power.

Even the people who are well intentioned and very vocal do not have to consciously be aware that they are working for a political action group. A covert political group will always prefer an unwitting tool to help push their agenda, so that they can remain in the shadows.

FDA Admonishes Drug Maker Over Kim Kardashian Instagram Endorsement https://www.forbes.com/sites/davidkroll/2015/08/11/fda-spanks-drug-maker-over-kim-kardashian-instagram-endorsement/#25174a29587b

The OSS files offer details about other agents than famous chef, Julia Child; including Supreme Court Justice Arthur Goldberg, major league catcher Moe Berg, historian Arthur Schlesinger Jr., and actor Sterling Hayden. http://www.nbcnews.com/id/26186498/ns/us_news-security/t/julia-child-cooked-double-life-spy/

USA Today: Businesses and organizations may refer to it as a tool for competitive advantage and marketing; but make no mistake http://archive.is/37tK3

Shareblue accounts caught in /r/politics posting links to Shareblue without disclosing their affiliation http://archive.is/7HAkr

Psy Group developed elaborate information operations for commercial clients and political candidates around the world http://archive.is/BBblQ

Top mod of /r/Mechanical_Gifs tries to sell subreddit on ebay for 999.00 dollars. http://archive.is/kU1Ly

Shill posts picture of a dog in a hammock with the brand clearly visible without indicating that it's an ad in the title of the post http://archive.is/Mfdk9

Arstechnica: GCHQs menu of tools spreads disinformation across Internet- â€Å“Effects capabilities” allow analysts to twist truth subtly or spam relentlessly. http://arstechnica.com/security/2014/07/ghcqs-chinese-menu-of-tools-spread-disinformation-across-internet/

Samsung Electronics Fined for Fake Online Comments http://bits.blogs.nytimes.com/2013/10/24/samsung-electronics-fined-for-fake-online-comments/?_r=0

Discover Magazine: Researchers Uncover Twitter Bot Army That̢۪s 350 http://blogs.discovermagazine.com/d-brief/2017/01/20/twitter-bot-army/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20DiscoverTechnology%20%28Discover%20Technology%29#.WIMl-oiLTnA

Times of Israel - The internet: Israel̢۪s new PR battlefield http://blogs.timesofisrael.com/the-rise-of-digital-diplomacy-could-be-changing-israels-media-image/

Time: Social Media Manipulation? When â€Å“Indie” Bloggers and Businesses Get Cozy http://business.time.com/2013/04/22/social-media-manipulation-when-indie-bloggers-and-businesses-get-cozy/

Content-Driven Detection of Campaigns in Social Media [PDF] http://faculty.cs.tamu.edu/caverlee/pubs/lee11cikm.pdf

the law preventing them from using this in America was repealed http://foreignpolicy.com/2013/07/14/u-s-repeals-propaganda-ban-spreads-government-made-news-to-americans/

Redditor who works for a potato mailing company admits to being a shill. He shows off his 27 thousand dollars he made in /r/pics

http://i.imgur.com/CcTHwdS.png

Screenshot of post since it was removed. http://i.imgur.com/k9g0WF8.png

Just thought I'd contribute to this thread http://imgur.com/OpSos4u

CNN: A PR firm has revealed that it is behind two blogs that previously appeared to be created by independent supporters of Wal-Mart. The blogs Working Families for Wal-mart and subsidiary site Paid Critics are written by 3 employees of PR firm Edelman http://money.cnn.com/2006/10/20/news/companies/walmart_blogs/index.htm

Vice: Your Government Wants to Militarize Social Media to Influence Your Beliefs http://motherboard.vice.com/read/your-government-wants-to-militarize-social-media-to-influence-your-beliefs

BBC News: China's Internet spin doctors http://news.bbc.co.uk/2/hi/7783640.stm

BBC News: US plans to 'fight the net' revealed http://news.bbc.co.uk/2/hi/americas/4655196.stm

Wall Street Journal: Turkey's Government Forms 6 http://online.wsj.com/news/articles/SB10001424127887323527004579079151479634742?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424127887323527004579079151479634742.html

Fake product reviews may be pervasive http://phys.org/news/2013-07-fake-product-pervasive.html#nRlv

USA Today: The co-owner of a major Pentagon propaganda contractor publicly admitted that he was behind a series of websites used in an attempt to discredit two USA TODAY journalists who had reported on the contractor. http://usatoday30.usatoday.com/news/military/story/2012-05-24/Leonie-usa-today-propaganda-pentagon/55190450/1

ADWEEK: Marketing on Reddit Is Scary http://www.adweek.com/news/technology/marketing-reddit-scary-these-success-stories-show-big-potential-168278

BBC- How online chatbots are already tricking you- Intelligent machines that can pass for humans have long been dreamed of http://www.bbc.com/future/story/20140609-how-online-bots-are-tricking-you

BBC news: Amazon targets 1 http://www.bbc.com/news/technology-34565631

BBC: More than four times as many tweets were made by automated accounts in favour of Donald Trump around the first US presidential debate as by those backing Hillary Clinton http://www.bbc.com/news/technology-37684418

Fake five-star reviews being bought and sold online - Fake online reviews are being openly traded on the internet

http://www.bbc.com/news/technology-43907695

http://www.bbc.com/news/world-asia-20982985

http://www.bbc.com/news/world-asia-20982985

Bloomberg: How to Hack an Election [and influence voters with fake social media accounts] http://www.bloomberg.com/features/2016-how-to-hack-an-election/

"Internet Reputation Management http://www.bloomberg.com/news/articles/2008-04-30/do-reputation-management-services-work-businessweek-business-news-stock-market-and-financial-advice

Buzzfeed: Documents Show How Russia̢۪s Troll Army Hit America http://www.buzzfeed.com/maxseddon/documents-show-how-russias-troll-army-hit-america#.ki8Mz97ly

The Rise of Social Bots http://www.cacm.acm.org/magazines/2016/7/204021-the-rise-of-social-bots/fulltext

CBC News- Canadian government monitors online forums http://www.cbc.ca/news/canada/bureaucrats-monitor-online-forums-1.906351

Chicago Tribune: Nutrition for sale: How Kellogg worked with 'independent experts' to tout cereal http://www.chicagotribune.com/business/ct-kellogg-independent-experts-cereal-20161121-story.html

DailyKos: HBGary: Automated social media management http://www.dailykos.com/story/2011/02/16/945768/-UPDATED-The-HB-Gary-Email-That-Should-Concern-Us-All

Meme Warfare Center http://www.dtic.mil/dtic/tr/fulltext/u2/a507172.pdf

Shilling on Reddit is openly admitted to in this Forbes article http://www.forbes.com/sites/julesschroeder/2016/03/10/the-magic-formula-behind-going-viral-on-reddit/#1d2485b05271

Forbes: From Tinder Bots To 'Cuban Twitter' http://www.forbes.com/sites/kashmirhill/2014/04/17/from-tinder-bots-to-covert-social-networks-welcome-to-cognitive-hacking/#4b78e2d92a7d

Hivemind http://www.hivemind.cc/rank/r/shills

Huffington Post- Exposing Cyber Shills and Social Media's Underworld http://www.huffingtonpost.com/sam-fiorella/cyber-shills_b_2803801.html

The Independent: Massive British PR firm caught on video: "We've got all sorts of dark arts...The ambition is to drown that negative content and make sure that you have positive content online." They discuss techniques for managing reputations online and creating/maintaining 3rd-party blogs that seem independent. http://www.independent.co.uk/news/uk/politics/caught-on-camera-top-lobbyists-boasting-how-they-influence-the-pm-6272760.html

New York Times: Lifestyle Lift http://www.nytimes.com/2009/07/15/technology/internet/15lift.html?_r=1&emc=eta1

New York Times: Give Yourself 5 Stars? Online http://www.nytimes.com/2013/09/23/technology/give-yourself-4-stars-online-it-might-cost-you.html?src=me&ref=general

NY Times- From a nondescript office building in St. Petersburg http://www.nytimes.com/2015/06/07/magazine/the-agency.html?_r=1

NY Times: Effort to Expose Russia’s ‘Troll Army’ Draws Vicious Retaliation http://www.nytimes.com/2016/05/31/world/europe/russia-finland-nato-trolls.html?_r=1

PBS Frontline Documentary - Generation Like http://www.pbs.org/wgbh/frontline/film/generation-like/

Gamers promote gaming-gambling site on youtube by pretending to hit jackpot without disclosing that they own the site. They tried to retroactively write a disclosure covering their tracks http://www.pcgamer.com/csgo-lotto-investigation-uncovers-colossal-conflict-of-interest/

Raw Story: CENTCOM engages bloggers http://www.rawstory.com/news/2006/Raw_obtains_CENTCOM_email_to_bloggers_1016.html

Raw Story: Air Force ordered software to manage army of fake virtual people http://www.rawstory.com/rs/2011/02/18/revealed-air-force-ordered-software-to-manage-army-of-fake-virtual-people/

Redective http://www.redective.com/?r=e&a=search&s=subreddit&t=redective&q=shills

Salon: Why Reddit moderators are censoring Glenn Greenwald̢۪s latest news story on shills http://www.salon.com/2014/02/28/why_reddit_moderators_are_censoring_glenn_greenwalds_latest_bombshell_partner/

The Atlantic: Kim Kardashian was paid to post a selfie on Instagram and Twitter advertising a pharmaceutical product. Sent to 42 million followers on Instagram and 32 million on Twitter http://www.theatlantic.com/health/archive/2015/09/fda-drug-promotion-social-media/404563/

WAR.COM: THE INTERNET AND PSYCHOLOGICAL OPERATIONS http://www.theblackvault.com/documents/ADA389269.pdf

The Guardian: Internet Astroturfing http://www.theguardian.com/commentisfree/libertycentral/2010/dec/13/astroturf-libertarians-internet-democracy

The Guardian: Israel ups the stakes in the propaganda war http://www.theguardian.com/media/2006/nov/20/mondaymediasection.israel

Operation Earnest Voice http://www.theguardian.com/technology/2011/mar/17/us-spy-operation-social-networks

The Guardian: British army creates team of Facebook warriors http://www.theguardian.com/uk-news/2015/jan/31/british-army-facebook-warriors-77th-brigade

The Guardian: US military studied how to influence Twitter [and Reddit] users in Darpa-funded research [2014] http://www.theguardian.com/world/2014/jul/08/darpa-social-networks-research-twitter-influence-studies

The Guardian: Chinese officials flood the Chinese internet with positive social media posts to distract their population http://www.theguardian.com/world/2016/may/20/chinese-officials-create-488m-social-media-posts-a-year-study-finds

Times of Israel: Israeli government paying bilingual students to spread propaganda online primarily to international communities without having to identify themselves as working for the government. "The [student] union will operate computer rooms for the project...it was decided to establish a permanent structure of activity on the Internet through the students at academic institutions in the country." http://www.timesofisrael.com/pmo-stealthily-recruiting-students-for-online-advocacy/

USA Today: Lord & Taylor settles FTC charges over paid Instagram posts http://www.usatoday.com/story/money/2016/03/15/lord--taylor-settles-ftc-charges-over-paid-instagram-posts/81801972/

Researcher's algorithm weeds out people using multiple online accounts to spread propaganda - Based on word choice http://www.utsa.edu/today/2016/10/astroturfing.html

http://www.webinknow.com/2008/12/the-us-air-force-armed-with-social-media.html

Wired: Powered by rapid advances in artificial intelligence http://www.wired.co.uk/magazine/archive/2015/06/wired-world-2015/robot-propaganda

Wired: Clinton Staff and Volunteers Busted for Astroturfing [in 2007] http://www.wired.com/2007/12/clinton-staff-a/

Wired: Pro-Government Twitter Bots Try to Hush Mexican Activists http://www.wired.com/2015/08/pro-government-twitter-bots-try-hush-mexican-activists/

Wired: Microsoft http://www.wired.com/2015/09/ftc-machinima-microsoft-youtube/

Wired: Military Report: Secretly ‘Recruit or Hire Bloggers’ http://www.wired.com/dangerroom/2008/03/report-recruit/

Wired: Air Force Releases ‘Counter-Blog’ Marching Orders http://www.wired.com/dangerroom/2009/01/usaf-blog-respo/

Reddit Secrets https://archive.fo/NAwBx

Reddit Secrets https://archive.fo/SCWN7

Boostupvotes.com https://archive.fo/WdbYQ

"Once we isolate key people https://archive.is/PoUMo

GCHQ has their own internet shilling program https://en.wikipedia.org/wiki/Joint_Threat_Research_Intelligence_Group

Russia https://en.wikipedia.org/wiki/State-sponsored_Internet_sockpuppetry

US also operates in conjunction with the UK to collect and share intelligence data https://en.wikipedia.org/wiki/UKUSA_Agreement

Glenn Greenwald: How Covert Agents Infiltrate the Internet to Manipulate https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/

Glenn Greenwald: Hacking Online Polls and Other Ways British Spies Seek to Control the Internet https://firstlook.org/theintercept/2014/07/14/manipulating-online-polls-ways-british-spies-seek-control-internet/

Here is a direct link to your image for the benefit of mobile users https://imgur.com/OpSos4u.jpg

Reddit for iPhone https://itunes.apple.com/us/app/reddit-the-official-app/id1064216828?mt=8

Why Satoshi Nakamoto Has Gone https://medium.com/@ducktator/satoshi-nakamoto-has-gone-4cef923d7acd

What I learned selling my Reddit accounts https://medium.com/@Rob79/what-i-learned-selling-my-reddit-accounts-c5e9f6348005#.u5zt0mti3

Artificial intelligence chatbots will overwhelm human speech online; the rise of MADCOMs https://medium.com/artificial-intelligence-policy-laws-and-ethics/artificial-intelligence-chatbots-will-overwhelm-human-speech-online-the-rise-of-madcoms-e007818f31a1

How Reddit Got Huge: Tons of Fake Accounts - According to Reddit cofounder Steve Huffman https://motherboard.vice.com/en_us/article/how-reddit-got-huge-tons-of-fake-accounts--2

Whistleblower and subsequent investigation: Paid trolls on /r/Bitcoin https://np.reddit.com/r/Bitcoin/comments/34m7yn/professional_bitcoin_trolls_exist/cqwjdlw

Confession of Hillary Shill from /r/SandersForPresident https://np.reddit.com/r/conspiracy/comments/3rncq9/confession_of_hillary_shill_from/

Why do I exist? https://np.reddit.com/r/DirectImageLinkerBot/wiki/index

Already a direct link? https://np.reddit.com/r/DirectImageLinkerBot/wiki/res_links

Here's the thread. https://np.reddit.com/r/HailCorporate/comments/3gl8zi/that_potato_mailing_company_is_at_it_again/

/r/netsec talks about gaming reddit via sockpuppets and how online discourse is (easily) manipulated. https://np.reddit.com/r/netsec/comments/38wl43/we_used_sock_puppets_in_rnetsec_last_year_and_are

Redditor comes clean about being paid to chat on Reddit. They work to promote a politician https://np.reddit.com/r/offmychest/comments/3gk56y/i_get_paid_to_chat_on_reddit/

Shill whistleblower https://np.reddit.com/r/politics/comments/rtr6b/a_very_interesting_insight_into_how_certain/

Russian bots were active on Reddit last year https://np.reddit.com/r/RussiaLago/comments/76cq4d/exclusive_we_can_now_definitively_state_that/?st=j8s7535j&sh=36805d5d

The Bush and Gore campaigns of 2000 used methods similar to the Chinese government for conducting â€Å“guided discussions” in chatrooms designed to influence citizens https://np.reddit.com/r/shills/comments/3xhoq8/til_the_advent_of_social_media_offers_new_routes/?st=j0o5xr9c&sh=3662f0dc

source paper. https://np.reddit.com/r/shills/comments/4d3l3s/government_agents_and_their_allies_might_enter/

or Click Here. https://np.reddit.com/r/shills/comments/4kdq7n/astroturfing_information_megathread_revision_8/?st=iwlbcoon&sh=9e44591e Alleged paid shill leaks details of organization and actions.

https://np.reddit.com/r/shills/comments/4wl19r/alleged_paid_shill_leaks_details_of_organization/?st=irktcssh&sh=8713f4be

Shill Confessions and Additional Information https://np.reddit.com/r/shills/comments/5pzcnx/shill_confessions_and_additional_information/?st=izz0ga8r&sh=43621acd

Corporate and governmental manipulation of Wikipedia articles https://np.reddit.com/r/shills/comments/5sb7pi/new_york_times_corporate_editing_of_wikipedia/?st=iyteny9b&sh=b488263f

Ex -MMA fighter and ex-police officer exposes corrupt police practices https://np.reddit.com/r/shills/comments/6jn27s/ex_mma_fighter_and_expolice_officer_exposes/

User pushes InfoWars links on Reddit https://np.reddit.com/r/shills/comments/6uau99/chemicals_in_reddit_are_turning_memes_gay_take/?st=j6r0g2om&sh=96f3dbf4

Some websites use shill accounts to spam their competitor's articles https://np.reddit.com/r/TheoryOfReddit/comments/1ja4nf/lets_talk_about_those_playing_reddit_with/?st=iunay35w&sh=d841095d

User posts video using GoPro https://np.reddit.com/r/videos/comments/2ejpbb/yes_it_is_true_i_boiled_my_gopro_to_get_you_this/ck0btnb/?context=3&st=j0qt0xnf&sh=ef13ba81

Fracking shill whistleblower spills the beans on Fracking Internet PR https://np.reddit.com/r/worldnews/comments/31wo57/the_chevron_tapes_video_shows_oil_giant_allegedly/cq5uhse?context=3

https://i.imgur.com/Q3gjFg9.jpg

https://i.imgur.com/q2uFIV0.jpg

TOP SECRET SPECIAL HANDLING NOFORN

CENTRAL INTELLIGENCE AGENCY

Directorate of Operations

October 16, 1964

MEMORANDUM FOR THE DIRECTOR OF THE CIA

Subject: After action report of

Operation CUCKOO (TS)

INTRODUCTION

1) Operation CUCKOO was part of the overall operation CLEANSWEEP, aimed at eliminating domestic opposition to activities undertaken by the Central Intelligence Agency's special activities division, in main regard to operation GUILLOTINE.

2) Operation CUCKOO was approved by the Joint Chiefs of Staff, Department of Defense and the office of The President of the United States as a covert domestic action to be under taken within the limits of Washington D.C as outlined by Secret Executive Order 37.

3) Following the publishing of the Warren Commission, former special agent Mary Pinchot Meyer (Operation MOCKINGBIRD, Operation SIREN) also was married to Cord Meyer (Operation MOCKINGBIRD, Operation GUILLOTINE) threatened to disclose the details of several Special Activities Divisions' operations, including but not limited to, Operation SIREN and GUILLOTENE.

​1

TOP SECRET SPECIAL HANDLING NOFORN

4) It was deemed necessary by senior Directorate of Operations members to initiate Operation CUCKOO as an extension of Operation CLEANSWEEP on November 30th. After Mary Pinchot Meyer threatened to report her knowledge of Operation GUILLOTENE and the details of her work in Operation SIREN from her affair with the former President.

5) Special Activities Division was given the green light after briefing president Johnson on the situation. The situation report was forwarded to the Department of Defense and the Joint Chiefs of staff, who both approved of the parameters of the operation, as outlined under article C of secret executive order 37 (see attached copy of article).

​PLANNING STAGES

6) 8 members of the special activities division handpicked by operation lead William King Harvey began planning for the operation on October 3rd, with planned execution before October 16th.

7) The (?) of the operation was set as the neighborhood of Georgetown along the Potomac river, where the operators would observe, take note on routines, and eventually carry the operation.

8) After nothing Meyer's routines, Edward "Eddy" Reid was picked as the operation point man who would intersect Meyer on her walk on October 12th, with lead William King Harvey providing long range support if necessary from across the Chesapeake and Ohio canal (see illustration A for detailed map).

9) Edward Reid was planned to be dressed in the manner of a homeless black man, due to his resemblances to local trash collector (later found out to be Raymond Crump) who inhabits the AO and the path that Reid was planned to intersect Meyer.

2

TOP SECRET SPECIAL HANDLING NOFORN