Monday, September 27, 2021

Crypto.com debit card: Clear Red Flags (Keep in mind before You Use)

Hello All,

Please do yourself a favor. Go to the Crypto.com phone app, navigate to "Crypto Credit" and click Crypto Credit T&C. Spend 10 minutes to read T&C before you think Crypto.com as a saviour and boon for your life.

I found some T&C's which are really "Grey", unexplained and that could mean that they have a leeway if "ANYTHING" goes wrong. Forget your insurance, it's all blah blah.

CRYPTO CREDIT T&Cs Last material update: 1 January 2021

1) They have the right to "close, suspend, limit, restrict or terminate your access to Crypto Credit; ". Under what circumstances, they never clearly reveal. It's very vague.

2) There is a constant mention of "ineligible user" and they can delete their account without any notice. Now, who the hell is ineligible user and what makes one so?

3) Under Risk Disclosure section: In such event, there may be no remedy, and holders of Digital Assets are not guaranteed any remedy, refund, or compensation. I thought they had a $150M insurance fund right? It seems to be all their marketing gimmick. If you suffer a hack, at best expect a return in USD $ valuation, not in Bitcoins, years later.

4) Crypto insurance: "The Digital Assets held in your account including your Crypto Credit" are not protected by any third party insurance scheme or government-backed insurance scheme.

5) Crypto.com is not responsible for "(vi) viruses, malwares, other malicious computer codes or the hacking of any part of the Crypto.com App Services or Crypto Credit"

6) Taxes: "Notwithstanding the foregoing, Crypto.com will make any tax withholdings or filings that we are required to make by law." They can hold your assets, if you delay in your tax filing, or if they suspect or has reason to believe so.

And you need to read further to find more red flags.

What are your thoughts?


Conor McGregor Bitcoin Profit — Review

SPECIAL REPORT: Conor McGregors Latest Investment Has The Government And Big Banks Terrified

Ireland citizens are already raking in millions of euros from home using this “wealth loophole” — but is it legitimate?

Conor McGregor comes out with new secret investment that’s making hundreds of people in Ireland very rich

The highest-earning UFC fighter on the current roster, Conor McGregor, who made his UFC debut in 2013, knocking out Marcus Brimage in the first round, is one of the most recognisable sports stars in the world. Since then, the Irishman has become a global superstar, headlining five of the six highest-selling UFC pay-per-view events. He also became the first fighter UFC history to hold titles in two weight divisions simultaneously, with the featherweight and lightweight belts in 2016.

Yet there is one more role he is equally good at. It turns out Conor McGregor masterminded the capacity of an investor.

Last week, he appeared on The Tommy Tiernan Show and announced a new “wealth loophole” which he says can transform anyone into a millionaire within 3–4 months. The 31-year-old urged everyone in Ireland to jump into this amazing opportunity before the big banks shut it down for good.

And sure enough, minutes after the interview was over, Bank of Ireland called to stop McGregor’s interview from being aired — it was already too late.

Here’s exactly what happened:

The Tommy Tiernan Show host Tommy Tiernan invited Conor on the show to share any tips he had on building wealth and the UFC star dropped a bomb:

“What’s made me successful is jumping into new opportunities quickly — without any hesitation. And right now, my number one money-maker is a new cryptocurrency auto-trading program called Bitcoin Profit. It’s the single biggest opportunity I’ve seen in my entire lifetime to build a small fortune fast. I urge everyone to check this out before the banks shut it down.”

Tommy Tiernan was left in disbelief as Conor pulled out his phone and showed viewers how much money he’s making through this new money-making program that now has everyone in Ireland whispering

The segment ran out of time before Conor could elaborate, so we got an exclusive interview with the man himself to learn more about this controversial opportunity

EXCLUSIVE INTERVIEW WITH CONOR MCGREGOR

“You may have heard about this new cryptocurrency investment platform called Bitcoin Profit that’s helping regular people in Ireland, Asia and North America build fortunes overnight. You may be skeptical because it sounds too good to be true.

Conor continues:

“I get that because I thought the same thing when a trusted friend told me about it. But after seeing with my own eyes how much money he was making, I had to try it for myself.

I’m glad I tried it because it was some of the biggest and easiest money I’ve ever made. I’m talking tens of thousands of Pounds a day on autopilot. It’s literally the fastest way to make a windfall of cash right now. And it’s not going to last for much longer when more and more people find out about it. Or when banks shut it down for good.”

WHAT EXACTLY IS BITCOIN PROFIT AND HOW DOES IT WORK?

The idea behind Bitcoin Profit is straightforward: To allow the average person to cash in on the cryptocurrency boom which is still the most lucrative investment of the 21st century, despite what most people think.

Although Bitcoin price has dropped from its all time high of $20,000 per Bitcoin, traders are still making a killing. Why? Because there are thousands of other cryptocurrencies besides Bitcoin that being traded for huge profits on a daily basis.

Some of these cryptocurrencies include Ripple, Ethereum, Monero, Zcash and Ripple and they are still making returns of over 10,000% and higher for ordinary people in Ireland.

Bitcoin Profit lets you profit from all of these cryptocurrencies, even in a bear market. It uses artificial intelligence (AI) to automatically handle long and short selling for you so you can make money around the clock, even while you sleep.

Bitcoin Profit is backed by some of the smartest tech minds to ever exist. Richard Branson, Elon Musk and Bill Gates just to name a few.

Bill Gates and Richard Branson discuss Bitcoin Profit at CES 2021.

These tech geniuses have built multi-billion companies on solving complex issues like online payments, computing, and transportation. Now, they’re tackling on the global problem of wealth inequality by letting anyone — no matter how rich or poor they are — make enough money to enjoy a happy and fulfilling life.

THE LUCRATIVE MONEY-MAKING SECRET BIG BANKS DON’T WANT YOU TO KNOW

Conor McGregor goes on,

“We’re seeing hard economic times, and this is the solution people have been waiting for. Never in history have we had such an amazing opportunity that ordinary people can easily take advantage of to generate tremendous wealth in such a short time.

Some people are hesitant to try this because it’s so different. And that’s because the big banks are trying to cover this up! The big banks are actively creating propaganda and calling cryptocurrencies and platform like Bitcoin Profit a scam. Why? They are worried their corporate profits will shrink once their customers know how to create massive wealth themselves.

The truth is, cryptocurrency is the revolution of our lifetime and anyone who does not jump on this opportunity is missing out. I’ve already received angry calls and threats from big financial corporations because I’m bring this technology to people’s attention. But screw them. People in Ireland are already starting to know the truth and it’s only a matter of time before more and more do.

I’m sharing this because I’ve also received hundreds of emails from people thanking me for sharing this secret. My favorite one is from a young man who bought his little brother his dream car — a Ferrari 488 Pista using the cash he made from Bitcoin Profit. This platform is truly making the lives of everyone in the world a little better.”

Steven Baker used the profits he earned from Bitcoin Profit to buy his little brother his dream car. What an inspiring way to use wealth for good!

DOES BITCOIN PROFIT REALLY WORK? WE TEST IT OURSELVES OUT

Our senior editors wouldn’t allow us to publish the interview with Conor McGregor until we verified that Bitcoin Profit is a legitimate make-money-from-home opportunity. Our corporate leadership did not want us releasing any information that could potentially cause citizens of Ireland to lose their hard-earned money.

So our editorial team tested Bitcoin Profit to make sure it actually works like Conor described. One of our online editors, Zachary Tisdall, volunteered to risk his own money and test out Bitcoin Profit

Zachary is a 53-year-old father of 2 girls whose wife lost her job last year due to illness. He admitted he was struggling financially and this investment opportunity could be the answer.

Zach’s family was struggling to make ends meet and hoped that Bitcoin Profit could relieve his financial pressure, so he decided to test the system and report his results

Zachary reports:

“At first, when I heard the interview with Conor, I thought he was joking. Making money from home is only a dream. I decided to try it anyway given my financial circumstances — and for the sake of good journalism.

I watched an introductory video about the platform and then signed up. The video seemed to be over-promising but I put my skepticism aside. Within a few hours, I received a call from my personal investor. He answered all questions and doubts I had, and assured me I was going to make money. Period.

My personal investor even promised that if I lose even a single dime, he would promptly refund my €300 deposit. That’s how confident he was this was going to change my life. Now that’s customer service beyond anything I’ve seen and no wonder banks are scared.

Once I received access to the platform, I deposited my initial investment of €300. That’s about is what my family spends on junk food every month, so I decided to stop taking us to fast food for a month. Now we can be healthy, plus have the opportunity to get rich.

The Bitcoin Profit system itself is a cryptocurrency auto-trading platform. The software uses advanced AI algorithms and machine learning to predict exactly when cryptocurrencies will go up and down. Then it will automatically buy and sell for you around the clock. Technology has already made our lives easier in every possible way, so why not use it to make more money as well?”

ZACH’S REAL TIME RESULTS WITH THE SYSTEM

“Within 1 hour of depositing €300, the software started trading for me. To be honest, I was nervous it would lose all of my money. And sure enough, my first trade was a €25 loss!

I felt my throat close up. I thought I had been scammed. I was even ready to call my personal investor and ask for my money back. But then I remembered what my he told me earlier on our call: The algorithm is right about 80–89% of the time. You’re not going to win EVERY trade, but you’ll win enough and be profitable overall.

So I let the software keep trading for me and watched it closely. The next trade was profitable! Only €19 but it was still something. Then the next trade was €51 profit. Then €22 profit, making a total profit of €67. And this was all under 5 minutes!

Soon I started scooping up cash like ice-cream and I couldn’t believe my eyes. Every time I refreshed the screen, my profits grew higher and higher. I felt like I was on drugs because this was such an exciting rush.

Everytime I refreshed my trading dashboard, my profits grew higher and higher. It was such an exciting rush!

Now I know why Conor McGregor is in high spirits all the time. And why the big banks don’t want people anywhere near this wealth loophole. By the end of the day, I had made over €754 in profit, not bad from a starting investment of €300 ! I was so excited I barely got any sleep.

The next day was Tuesday and I had to go back to work. To be honest (and don’t tell my boss this), it was hard to focus on my job knowing the Bitcoin Profit software was making me money.

I snuck out to the bathroom a few times to check my profits, and they kept stacking up (with a small loss here and there). At the end of the day, before I put my kids to sleep, my account balance showed €1,349.13. That’s more than I earn in a WEEK at my regular job!

By the end of the week, I made a total of €5,349.12. I withdrew exactly €4,500 and re-invested the rest. Within 2 days I received my first cheque in the mail- for exactly €4,500. I couldn’t believe this was real life!”

Zach’s received a cheque for €4,500 for his first two weeks of using Bitcoin Profit

Zach continues,

“Now, I am consistently making an additional €700 to €1,500 per day thanks to Bitcoin Profit Now, the money just gets deposited into my bank account every few days. Just a few clicks and I received my funds within 24–48 hours. Everytime the transfer hits my checking account, I have to pinch myself to make sure I wasn’t dreaming.

Luckily, I LOVE my job here because I get to bring people important news stories (like this one) otherwise I would have quit by now. I did, however, plan a vacation for my family to Bali Indonesia to celebrate being out of debt and finally having my family’s finances back on track!

This wouldn’t be possible without Mr. McGregor’s generosity and sharing his secret live on television. And I’m happy I took the risk to try Bitcoin Profit myself. My wife is happier than ever and my kids’ toy cupboard is well stocked.

My co-workers are kicking themselves they didn’t sign up two weeks ago like I did. But soon, our entire office signed up (including my boss) and they are calling me a “hero” for trying this.

HOW TO GET STARTED WITH BITCOIN PROFIT (LIMITED SPOTS AVAILABLE)

To get started, you only need your computer, smartphone, or tablet with internet access. You don’t need any specific skills other than knowing how to use a computer and browsing the internet. You don’t need any technology or cryptocurrency experience because the software and your personal investor guarantees you make a profit.

Another perk of this program is you get to start when you want. You can make your own schedule — whether that’s 5 hours a week or 50 hours a week. Just start the auto-trading software when you wish, and you can pause whenever you want (I don’t know why you ever would though).

To save our readers’ time and double check the platform’s functionality, Zachary kindly created a guide to getting started on the system.

HERE’S MY STEP-BY-STEP WALKTHROUGH:

The first thing you see is a video showing off the power of Bitcoin Profit. The advertising is big and bold and in your face, but it is an American product and that’s how they do things. Anyway, you simply submit your name and email address next to the video to get started right away.

(Tip: Even if you don’t decide to invest any money, I recommend signing up now because it’s free and registrations for Ireland residents could end at any moment)

Next up, you’re asked to fund your account. As I was navigating the deposit page, my mobile rang. It was an international number so I was hesitant to answer but then I realised it was obviously from.

Sure enough, it was my own personal account manager. His service was great. He took me through the entire funding process. They accept all major credit cards like Visa, MasterCard and American Express. I went ahead and deposited the minimum amount which is €300.

Once funded, I navigated to the “Auto-Trader” section of software, set the trade amount to the recommended €50 and enabled it. The software started making trades at a rapid rate and I was concerned at first but let it do its thing.

“Everyone wants to be rich but no one knows how to do it. Well, it is the opportunity of a lifetime to build a fortune that will allow you to live the life you truly desire. It will NOT be around forever, so do not miss out.” — Conor McGregor


Crypto Daily News from ZBG Exchange

1. Market Wrap: Bitcoin Traders Cautious After China Crypto Ban, DeFi Outperforms

Some traders are piling into DeFi tokens in the wake of the ban.

Bitcoin was slightly lower on Monday as traders remained cautious about regulatory crackdowns from China and elsewhere.
The cryptocurrency was trading at about $43,000 at press time and is roughly flat over the past 24 hours. Analysts are monitoring blockchain data for signs of buyer accumulation, although it may be too early to tell if sellers have fully capitulated.
For now, it appears that some buyers have shifted their focus away from bitcoin and moved into decentralized finance (DeFi) tokens in the wake of China’s crackdown on cryptocurrency activities. For example, Messari data shows the PERP token initially spiked about 55% toward $17 on Monday, although the price settled at about $15 at press time. PERP is the utility token facilitating and incentivizing the decentralized governance of the Perpetual Protocol.
Analysts expect China’s crypto industry to phase out given the recent ban.
“I think OTC platforms that are operated from the big exchanges will close down,” said Bobby Lee, founder and CEO of the Ballet wallet service and former head of BTCC, once one of the biggest bitcoin exchanges in China. “OTC” refers to over-the-counter trading, or off-exchange.
And on Monday, Ethereum mining pool SparkPool said it plans to suspend services for all its users by Sept. 30.

Latest Prices

Bitcoin (BTC), $43,075, -0.4%
Ether (ETH), $2,999, -1.8%
S&P 500: -0.3%
Gold: $1,751, +0.0%
10-year Treasury yield closed at 1.487%
Bitcoin fund inflows
Investors pumped $95 million into digital asset products last week, more than double the prior week’s pace, according to a CoinShares weekly report.
With the headwinds that digital assets have faced recently, such as China’s ban, the inflows suggest that price declines may have been seen as buying opportunities, CoinDesk’s Lyllah Ledesma reported.
Flows into all crypto funds during the week ended Sept. 24 were the most since the $98 million in the week through Sept. 3, and brought total inflows over the last six weeks to $320 million.
Bitcoin saw the largest inflows of any crypto investment product with a total of $50 million, also the most in three weeks.

2. Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Griffith was charged with violating sanctions law by giving a cryptocurrency and blockchain presentation at a North Korean conference in 2019.

Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law, has pleaded guilty in an agreement with federal prosecutors.
Griffith pleaded guilty to one charge of conspiracy to violate the International Emergency Economic Powers Act on Monday in a New York courthouse. The plea deal could see him serve between 63 and 78 months in prison. He will be sentenced in January 2022.
The developer was arrested in November 2019 after giving a presentation on cryptocurrency and blockchain at a North Korean cryptocurrency conference in April that year.
He also agreed to a forfeiture clause, though details were not released at press time. A 2019 charging document calls for the forfeiture of any proceeds Griffith earned from giving the presentation.
While Griffith was originally released on bail in 2020, he is currently in jail on allegations of trying to violate his bail conditions. Griffith tried to access his Coinbase holdings to pay his attorneys earlier this summer, which prosecutors said violated the terms of his agreement.
After entering a guilty plea, Griffith’s lawyers requested he be moved from Metropolitan Correctional Center to Essex County Correctional Facility in Newark, N.J., citing “very difficult” conditions at MCC, which is known for being dilapidated and dangerous for inmates.
Griffith, known for his normally bright and gregarious personality, was somber and emotional in court. When asked by the judge how he was feeling, Griffith said he had been doing daily “meditational training” and and was “acutely aware of how awful [he was] feeling.”

3. ‘Solcial’ Raises $2.9M to Build Censorship-Free Social Media on Solana

The site will place a heavy focus on monetization opportunities for content creators.

The Solana ecosystem is getting a social network.
Solcial has raised $2.9 million to scale in a round led by Alameda Research with Solana Foundation, Rarestone Capital, GBV, Shift Capital and Noia Capital participating.
Around 5% of Solcial’s planned SLC tokens are earmarked for seed funders, according to pseudonymous founder “Idris,” for a valuation of about $58 million.
The platform, which has not yet launched, plans to build a hub for sharing content, following the news and even trading assets, in a censorship-free environment. It’s hardly the only crypto stab at hands-off social media (BitClout is perhaps best-known) though one of the first on Solana.
“It has to be very cheap, and very fast to post a comment or a photo,” Idris said in a Telegram chat. “People have high expectations (in terms of user experience) with centralized social networks, and we have to have a decentralized solution that could match.”

4. Chinese Ethereum Mining Pool SparkPool to Halt All Services Due to Crackdown

The world’s second-largest Ethereum mining pool initially had stopped providing services to new Chinese users, but has expanded its suspension to all users.

Ethereum mining pool SparkPool said it plans to suspend services for all its users by Sept. 30.
Hangzhou-based SparkPool said it had initially stopped providing services to new users in China as of Sept. 24, and would completely suspend services to all its existing users, both in China and abroad, as of Sept. 30, in a message to users dated Sept. 26.
The company said the reason was “an effort to be maximally compliant with regulatory requirements.” China tightened its crackdown on cryptocurrencies last week, declaring all cryptocurrency-related activities illegal.
Founded in 2016, the Chinese Ethereum mining provider is the second-largest miner in terms of the hashrate on the network, behind Ethermine.
It currently contributes around 142 TH/s, which is roughly 22% of the hashrate of the entire network, according to data from PoolWatch.
While the State Council of China called for local authorities to crack down on crypto mining in May, Chinese miners had quietly resumed Ethereum mining operations over the last few months.
The mining arm of crypto exchange Huobi halted its miner hosting services to its new users shortly after the ban in May. Meanwhile, Huobi said on Sunday it would stop serving existing China-based users by the end of this year following China’s latest regulatory moves.
Following the May ban, large bitcoin miners in China, including Poolin and BIT Mining, have been on the lookout for hosting sites in other parts of the world such as North America and Central Asia.

5. Analysts Turn Negative on Ether as Weekly Chart Tips Bearish

Some price-chart readers see the potential for a steep drop in the next few weeks.

Ether remains on slippery floors despite the weekend’s bounce to $3,000, analysts studying chart patterns told us Monday. One source signaled the possibility of a $1,000 drop over the next few weeks.
The second-largest cryptocurrency is stuck in a four-week falling channel with the daily chart moving average convergence divergence (MACD) histogram — an indicator used to gauge trend strength and changes — signaling a downward bias.
“A bearish short-term bias still seems appropriate given the recent breakdown and a negative reading in the daily MACD indicator,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a weekly research note shared with us on Monday.
Ether has established a foothold under the 50-day moving average (MA) in the past few days, having flipped the crucial support into resistance a week ago.
The weekly chart MACD histogram has also crossed below zero this week, adding to bulls’ woes. As per Stockton, the indicator needs to stay negative till Friday to yield a sell signal.
“That would be an intermediate-term setback if we also see [immediate] support near $2,874 taken out,” Stockton said in an email.
Short-term cautious
The last time the weekly MACD turned bearish, in June, ether fell by nearly $900 to revisit May lows near $1,700.
Bill Noble, chief technical analyst at Token Metrics, said both the macro and technical picture appear aligned in favor of the bears for now.
“Broadly speaking, if ether fails to stay above $3,300 there is a risk of a deeper correction to perhaps $1,400 by the end of October,” Noble said in an email. “The Evergrande situation could be similar to the events of 2008, so while the ETH bull case is intact for the long-term, it may be best to be cautious in the short-term.”
A breakout above the 50-day MA would weaken the bear case and expose a path higher, toward the Sept. 16 high near $3,675. Ether was trading near $3,000 at press time, a 2% drop on the day. A push higher by the cryptocurrency earlier Monday was rejected near $3,200.

Founded in July 2018, ZBG is a Hong Kong-based cryptocurrency exchange, a global platform of ZB.COM.

ZBG.com has quickly become one of the top 10 exchanges in the world with its innovative, efficient and global operations, and is known as a “New First-Tier” exchange.

Currently, ZBG supports 11 languages, with an average daily activity of more than 160,000, providing over 3 million users around the world with trustworthy cryptocurrency trading, contract trading and other crypto asset investment services.

In the future, ZBG will continue to expand its global market and provide stable, safe and fast blockchain project listing, diversified crypto assets and blockchain derivatives investment services to more blockchain enthusiasts around the world.

ZBG Official English (Telegram): https://t.me/ZBG_Exchange

ZBG Official Chinese(Telegram): https://t.me/ZBG_ChineseOfficial

ZBG Official Bangladesh (Telegram): https://t.me/zbgbangladesh

Twitter:https://twitter.com/ZBG_Exchange

ZBG, World’s top 10 crypto currency exchange.

Link to future value!

ZBG Team

September 28, 2021


[WTS] 🔘 Slissek's Imperium 🔘 🚀 Original Concepts 🚀StandAlone Ships 🔘 🚀 Apollo Medivac 10y $275🚀Hercules A2 10y $760🚀 Scorpius 10y $260, LTI $300🚀 Gatac Railen $245🚀 Nautilus 10y $825🚀 Polaris 10y $875🚀 Perseus 10y $729🚀 🔘 💥 LTI Game Packages💥 🔘 🔘 UPGRADES 🔘

🔘Slissek's Imperium 🔘 🚀 Original Concepts 🚀🔘 Standalone Ships 🚀🔘 💥 LTI Game Packages💥 🔘 🔘 UPGRADES 🔘

Greetings, Dear Citizens! 👋

I am happy to offer a wide range of ships & upgrades

Will be awesome if you make your RSI verification and get your trade flair.

Payment methods: PayPal, Bitcoin & Ethereum. All fees included.

*** I DO NOT conduct any type of middleman or sales on discord, if someone says otherwise, please bring it to my attention and I will inform the Moderators. ***

⭐️⭐️If you don't have an RSI Star Citizen account, click this refferal code STAR-6YWN-DC7G and it will take you to the enlist page so you can get 5,000 UEC.‼️⭐️⭐️

To contact me click below.

Reddit.

✌ Place an order! 🙃

STANDALONE ORIGINAL SHIPS & VEHICLES 🚀

Original concept ship - OC is a standalone ship which was selling in official store as a concept. Can be reclaimed and bought back. (Buyback) Cross-Chassis-Upgraded ship - CCU is a ship which was made by upgrading cheap original concept ship to the finished ship with upgrades. It can be cheaper than OC. After reclaiming you will get only starter ship in your buy back and all cost in store credits, all upgrades will be lost.

Standalone & Original Concept Name Insurance Price, $(USD)
Standalone Ship Apollo Medivac 10y $275
Standalone Ship Blade 6m $280
Standalone Ship Caterpillar
Standalone Ship Corsair 10y $250
Standalone Ship Crucible 10y $415
Standalone Ship Defender 6m $220
Standalone Ship G12A Origin 10y $75
Original Concept Gatac Railen 6m $245
Standalone Ship Hercules A2 10y $760
Standalone Ship Ares Inferno 10y $250
Standalone Ship Ares Ion 10y $250
Standalone Ship Khartu-al 6m $180
Standalone Ship Merchantman 6m $550
Standalone Ship Nautilus 10y $825
Standalone Ship Nox 6m $65
Standalone Ship Perseus 10y $729
Standalone Ship Polaris 10y $875
Standalone Ship Prowler 6m $465
Standalone Ship Ranger TR 10y $60
Standalone Ship Redeemer 10y $300
Standalone Ship San’Tok.Yai 6m $225
Original Concept Scorpius 10y $260
Original Concept Scorpius + Stinger Paint LTI $300
Standalone Ship Talon 6m $115
Standalone Ship Talon Shrike 6m $115
Standalone Ship Vulcan 10y $225
Standalone Ship Vulture 10y $175

💥GAME PACKAGES💥

Game Packages requiring referral code: ►STAR-6YWN-DC7G◄ +5,000 UEC bonus

Name Insurance Price $(USD) Description
Aurorqa MR +SQ42 2Y $65 SC&SQ42, 20k UEC, Self Landing Hangar & 1k UEC

⛔This is not a GAME PACKAGE⛔

Name Insurance Price, $(USD) Description
Fortuna Pack 2951 LTI LTI $500 Crusader Mercury Star Runner LTI, MSR 2951 Stella Fortuna Paint, Tumbril Cyclone MT LTI, Aeroview Hangar, Lifetime Insurance & MSR Name Reservation

🚀UPGRADES🚀

This is not a standalone ship. You can buy this upgrade target ship, but it will only be applicable on a base ship.

Upgrade From (Base Ship) To (Target Ship) Price $
Vulcan to Andromeda Andromeda $15
Reliant Mako to Buccaneer Buccaneer $25
Mercury Star Runner to Caterpillar Caterpillar $20
Nova to Cutlass Red Cutlass Red $95
Vulture to Defender Defender $35
Valkyrie to Genesis Starliner Genesis Starliner $30
Constellation Phoenix Emerald to Genesis Starliner Genesis Starliner $75
Mole to Genesis Starliner Starliner Genesis $100
Mole Carbon Edition to Genesis Starliner Starliner Genesis $100
Cyclone MT to Gladius Gladius $12
Dragonfly to Gladius Gladius $50
Razor to Gladiator Gladiator $20
Perseus to Hercules A2 Hercules A2 $31
Phoenix to Hercules C2 Hercules C2 $20
Starfare Gemini to Hercules C2 Hercules C2 $32
600i to Hercules M2 Hercules M2 $30
Merchantman to Hercules M2 Hercules M2 $40
Hurricane to Ares Ion Ares Ion $25
Corsair to Ares Ion Ares Ion $10
Cutlass Blue to Ares Inferno Ares Inferno
Hurricane to Ares Inferno Ares Inferno $25
Reclaimer BIS to Merchantman Merchantman $108
600i to Merchantman Merchantman $35
Aquila to Mole Mole $7
Carrack Exp x/C8X to Nautilus Nautilus $135
Perseus to Nautilus Nautilus $75
Cutlass Black to Nova Nova Tank $28
Gladius to Nova Nova Tank $40
Carrack to Perseus Perseus $90
Carrack to Polaris Polaris $250
Hammer Head to Polaris Polaris $50
Hercules C2 to Prowler Prowler $79
Corsair to Railen Gatac Railen
Defender to Railen Gatac Railen $20
Freelancer MIS to Railen Gatac Railen $75
Hurracaine to Railen Gatac Railen $55
Ares Ion to Railen Gatac Railen $20
Ares Inferno to Railen Gatac Railen $20
Scorpio to Railen Gatac Railen $20
Terraplin to Railen Gatac Railen $20
Hurracaine to San’Tok.Yai San’Tok.Yai $30
Corsair to Scorpius Scorpius $20
F7C-M Sp Hornet H to Scorpius Scorpius $20
Sabre to Constellation Taurus Taurus $45
F7C-M Sp Hornet H to Vulcan Vulcan $24
Cutlass Red to Vulture Vulture $10

⭐️Instructions: ⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️

You must own a copy of Star Citizen to obtain this digital item. The gifting system requires direct delivery from account to account (e-transfer). Tracking is provided by "Hangar Log" on the RSI website and is available at any time upon request. Please also note you must already have an RSI account in order to claim this item.

In order to complete and verify the transfer, your RSI handle and Email address is required. Please type it in "note to seller" when purchasing.  Your email address and handle name will be copied and pasted the way you typed it so there can be no mistakes by me when gifting your purchase.

You can claim the item by clicking on the link provided in your email sent to you by RSI.  Be sure to be logged into the correct RSI account when you claim the "gift" as it can only be transferred once.   I am not responsible if you the buyer claims the item on a wrong RSI account.

By purchasing this item, you agree that there will be absolutely NO REFUNDS on this item once you claim the package verified by RSI Hangar Log.

Terms & Conditions: ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️

Item will be delivered within 1 hour (usually much faster) after payment is cleared (items purchased may not be delivered during night time hours 12:00AM - 10:00AM EST. 

Listing prices do not reflect exact melt values.

Some ships may not yet be flyable in game. It will be your obligation to look into what your buying ahead of time. If your item is not yet flyable RSI will give you a "loaner" ship or vehicle in its place until it becomes available.

Loaner Ship Link:

https://support.robertsspaceindustries.com/hc/en-us/articles/360003093114-Loaner-Ship-Matrix

This sale is for non-tangible digital item(s) and cannot be shipped to a physical address.

No returns or refunds as the gifting system only allow 1 time gifting and it will be account bound to the buyer's account. I reserve the right to cancel and refund any items purchased at any time.

Notice:  

I am the owner of the listed item(s), for my authorization to sell ships, packages and items see "Package Re Sale Policy" of game rules. In Buying this item you acknowledge and accept RSI's End User License Agreement (EULA) for Star Citizen / Squadron 42 game. This is a private and occasional sale with no agreed warranty. You can obtain and use said materials listed in this selling but must remember that all items remain the property of Cloud Imperium Games. Star Citizen© 2012-2021 Cloud Imperium Games Corporation & Roberts Space Industries Corp.

Disclaimer:

The game Star Citizen is in alpha development stage and it can contain various errors and bugs (including ships etc.). The seller is not responsible for the mistakes of the game developers. In process of developing the game during balancing process the developers can change at their discretion characteristics of the ships and their complete set (weapons, equipment, modules, etc.) All ships are not guaranteed in game and flyable. Their concepts, interior and exterior may change from the pictures shown. "Loaner" Ships are provided by RSI in the event any ship is still in concept and un-flyable.

Thank you for viewing my listing and see you in the Verse!


P4S | PlexStory Inc| Resellers Plan | Plex Appbox | Plex Share | Google TD Shares|Automatic | website | 10GPS | Remux | 4K | Anime | Kids Tv | 27k+M | 10k+T | Automated invoice

Locations - USA (Live) - Middle East (Upcoming) - Europe (Currently Live) - CDN enabled.You can choose your CDN relay , multiple services worldwide Join us via this website: - https://billing.vpnsaga.com/ Services - Plex Share - Plex Appbox Shared - Dedicated Reseller Appbox - IPTV (included PPV events) (VPN app for android user included) - Google Drive Share - Website disguised as VPN provider. Library - 10k + Tv Shows. - 27k + Movies. - 1500 + 4K Movies - 400+ 4K Tv - 800+ Anime -Few foreign films and tv. Total around 2k ish Payment options: - Bitcoin/Bitcoin Cash/Etherium/Litecoin/Dash/XRP/USDT - Paypal Resellers Information(sell my products direcly on your website) - All you have to do is just order my services like normal ! - You buy my service for X amount and up charge it to your clients for X amount ! - You get a dedicated server with a specific amount of appbox.additional appbox can be installed on request - You can sell appbox,plex shares or both as per your wish Information You May Want To Know - Instant scans - We have limited amount of spots. - Auto Requests enabled on appbox - We use GPU for transcoding. - Transcode allowed besides 4k Content. - Instant Setup DISCORD https://discord.gg/QZm8UmQjhY Limited slots.Once we hit our user limits,you will not be able to sign up


Saw a post asking how to protect your crypto and family members.

I’m seeing very boring responses to a very interesting-topic, how to protect my crypto and family.

OP presumably has a lot of cash, the cash isn’t normal cash, it’s crypto, which is an encrypted type of currency. And so the solution must be, encrypted.

At this point OP’s life must reflect his wealth’s origin.

  1. ⁠Name change.

  2. ⁠Location change ( multiple locations with a seed phrase and hardware wallet farm, keeping the crypto planted under many trees)

  3. ⁠Choosing strange locations with added protection: I’m talking 100 acre land with a waterfall and an entrance to a cave behind the waterfall, this cave contains a sled that leads to a subterranean maze, the maze is filled with death drops, trap doors, lasers, and a plague that is triggered if a certain door is opened, this door contains the final seedphrase to the hardware wallet farm above and the door is located behind an gatekeeper.

  4. ⁠Securing a gatekeeper: due to the harsh, dark, and putrid nature of the job description, this position must be someone indebted to OP with their life, someone that has done something so horrible to OP ( or at least they think so) that they are forever indebted to OP, unfortunately, to do this, we must first allow a thief to “steal” ALL our crypto and “murder” the entire family.

  5. ⁠Deceiving the thief and shaping the gatekeeper: this phase is a pivotal one and without it, nothing comes together. It is the creation of our gatekeeper. They must first be lured into thinking they are robbing OP’s crypto and “accidentally” murdering family members. This is done by first announcing to neighbours, Gange members, and political figures that OP owns roughly 29% of total Bitcoin supply, then disclosing OP’s location. The location will consist of a ballroom event which includes prominent social figures, OP will hire stunt doubles for him and his entire family. Then OP will reach out to a selected thug , gang member, or political figure before the event as a thief that also wants to steal OP’s crypto. OP Will give the thief they have selected blank guns and they will raid the event together. During the event , they will be forced into a shootout due to a setup, and fake blood in the family members vests will convince the thief and our future gatekeeper that they have murdered the OP’s family.

  6. ⁠Patience: now that we have the gatekeeper and our maze, all we have to do is wait. Wait for someone who is brave enough to go through this to get their hands on magical internet money.

In all seriousness, strange cash needs strange solutions. I’m very interested to hear from ACTUAL crypto veterans and savants that have + 10 million usd in crypto and how they have done similar things.


I am a time traveler from the future, here to tell you to please keep going.

I am sending this message from the year 2089. Things have never been so good in all of human history, and some of you will still be here to see it.

If you don’t believe me, I don’t have the time to try to convince you, sorry.

I know you are all busy building, and I don’t want to waste your time, so I’ll simply explain what happened.

On average, every year, the value of a bitcoin continued to grow at an over 250% annualized return, that is, of course, until hyperbitcoinization began in earnest. Arguably, hyperbitcoinization began with the genesis block, but when the US government started printing trillions of dollars during the old pandemic of 2019, the world, en masse, began to lose faith in their unit of account, the US dollar.

The largest demographic in the US, the Baby Boomers, began retiring. They held most of their wealth in their homes and retirement accounts (mostly equities), and as they watched the financial markets and real estate pump and dump continuously, due to money printing and government handouts, tempered by schizophrenic fiscal policy, they realized there would eventually be no demand for their overpriced homes and Amazon stock (I’m not sure what this company did, but I’ve read about it being very large), and started to cash out.

This, coupled with small countries beginning to adopt Bitcoin as currency, led the way to broader de-dollarization. China, for a few years, attempted a digital Yuan, but a civil war ended their dream by destabilizing CBDC rollout, all the while debtor countries in the Chinese Belt and Road initiative realized they could simply convert their treasuries to Bitcoin, and clear their debts in the weakened Yuan currency after a year or two, thus securing their financial freedom.

Back in the US, all hell broke loose when Vanguard, Fidelity and Schwab started metering retirement account redemptions. I don’t want to oversimplify those years, but scams abounded and confusion was the norm. Many lost their life savings while others 500x-ed what they had by buying Bitcoin as soon as possible. In all, it became clear when the dust had settled, that the digital scarcity of Bitcoin was the enforceable unit of account.

One famous couple, whose son had been telling them to buy Bitcoin since 2020, lost everything in their retirement accounts. That is, until one Thanksgiving when he logged into the long forgotten Swan website and realized their auto DCA of $50 a week had been running continuously for the last 10 years. They quickly bought a plane ticket and moved to a Bitcoin Citadel community for their remaining years.

“What is a Citadel?” you might wonder.

The concept started as a term of art to describe a hard money response to the fiat world pre-BItcoin. Today you probably think of the ‘fiat world’ when you see over-processed foods, low quality imported products designed with planned obsolescence, or hyper bureaucratic organizations that seem to produce little. Those things are alien to us in my time, I’ve only read about them, but I believe you’ll understand what I mean when I mention them. The Citadel concept has become a cornerstone of Bitcoin and most people in my era see the concept of a Citadel as one of the following:

  1. The Personal Bitcoin Citadel: This is the high standard of personal care and sovereignty that Bitcoiners (everyone nowadays) hold themselves to. It includes working out, eating clean foods, maintaining healthy relationships, and working on emotional and spiritual betterment. With Bitcoin as a standard, people started to realize that they were extremely capable of taking care of themselves and dove in headfirst. The Personal Citadel movement extended outside of the self to the immediate family, one’s home, and one’s work/schooling environment. People became empowered by the responsibility of earning and holding their own wealth and developed a culture of protecting it while respecting what others had.
  2. The Bitcoin Citadel Community: These developed as both free and paid communities dedicated to both member improvement and extending the social mission of Bitcoin. Some organizations operated like what you would, in your time, call a ‘meetup group’, focused on particular skill development, self refinement or community issues, other organizations developed like what you would call ‘investment clubs’. After hyperbitcoinization many Bitcoiners, now extremely wealthy, dedicated their lives to allocating capital to the building of a refined hard money world. These groups operated on principles of non-aggression, decentralization, permissionless-ness and opting-in. Sometimes they were meant to generate income and other times they were pure donations. The best example I can use is when I once read about the great capitalists of the 20th century, who often spent the latter halves of their lives giving away what they had earned. You may know Max Keiser and Michael Saylor, these two men, upon becoming some of the wealthiest individuals to have ever existed, spent their later years in campaigns to bring self sovereignty, energy independence and universal education to the world. They are the reason every country on Earth now has both fully funded trade, liberal arts, and research institutions.
  3. The Physical Citadel Community: During and immediately after hyperbitcoinization, the building of physical citadels became extremely popular for early adopters seeking to ‘ride out’ the volatility and confusion that abounded. Some individuals lived in mountain homes with abundant security, some on tropical islands they purchased, and others simply bought entire city blocks and retrofitted them to become entirely self-sufficient. Many of the later adopters of Bitcoin initially hated these citadel builders, seeing them as elitists or isolationists, but as hyperbitcoinization completed, most came to understand that physical citadels were meant as protective and self-sustaining structures, and were never used to offensively harm or attack anyone. What’s more, many of these citadels, post hyperbitcoinization began operating on an ‘open door’ policy to provide shelter, food and health care to both average citizens looking for something to eat for lunch or somewhere to stay on a road trip, as well as the few impoverished who still struggle in our day and age.

Initially governments tried to fight hyperbitcoinization by ostracizing early Bitcoiners and maligning them as dissidents or radicals. The Federal Reserve printed tens of trillions of dollars and distributed them widely, thinking that they could turn the average person away from Bitcoin. This provoked serious inflation and this plan backfired egregiously when the federal government shot and killed 25 peaceful protesters who had assembled in front of the White House to advocate for banking the underbanked in America’s major cities with Bitcoin. After this event, it became clear to nearly everyone that they could not stand for a government that enacted violence on those trying to improve the lives of others.

As more and more individuals opted out, government receipts faltered. The US, flush with cash but lacking any purchasing power, capitulated and announced they were buying Bitcoin. This announcement, combined with the flood of Baby Boomers retiring and smaller countries opting for a Bitcoin Standard is still seen today as the moment Bitcoin had won a peaceful revolution.

After governments realized they could not defeat Bitcoin as a network, they became obsessed with energy production and chip manufacturing as a way to participate in the network. Geopolitical advantage went to the country who was able to produce massive amounts of energy at a low cost and with low environmental impact. Natural gas and oil consumption are non-existent in my day and age. Some people still drive around in vintage internal combustion vehicles, but that is seen as an expensive hobby because oil is so difficult to find. Today we use various forms of fission and fusion reactors to power everything from our homes and devices, to our cities, planes and ships . Our chips are 100,000 times faster than your fastest quantum computers and fit in handheld devices that never require charging.

What you might call my ‘cellphone’, the device I keep with me most often for communication, work and play, is running a full bitcoin node and mining bitcoin! It only generates three to six Sats a month. I chose this model, one of the most expensive in the market, because of the more powerful 350 tera-hash mining computer inside of it. It won’t pay for itself and is nowhere near as advanced as the 100,000 tera-hash units some of the larger energy companies have, but it is nice to have a few Sats a month to get lunch or go on a coffee date with.

Even the most staunch talking heads against Bitcoin capitulated when they saw what was happening in Africa, South America, and Southeast Asia. With the introduction of a hard money standard and near limitless energy and computing power available to all, slavery and government tyranny disappeared entirely as the demand for goods produced on these continents for ‘fiat’ products dried up. These locations in particular flourished immensely as their people were able to utilize their skills and resources at home, own their own wealth and labor, and keep the rewards nearby. Service markets that used to rely on geo-arbitrage like design, programming, marketing strategy or website building, became more equitable when everyone was transacting in a shared currency and governments around the world had to compete for citizens. Some later scholars interpreted this as a global redistribution of wealth, while others saw it as the major social turning, when governments across the world started to think of their citizens as customers to be served and not taxpayers to be audited.

You might wonder, what is our plan now? To say we live in a utopia is incomplete. Some individuals have attempted to use their newfound wealth to create militias, take over lands, or attack and rule over others. But, these types of attacks work less and less as the years go on and Bitcoin becomes more and more decentralized. As countries themselves fight mainly to innovate, they fight less and less to dominate. They focus more on serving their citizens and protecting fundamental rights. This has led to a mass de-radicalization of politics and media as businesses and governments insist on maintaining peace, otherwise their citizens will simply leave for a better country.

Of course, in some sense hyper-bitcoinization is not yet complete, but we are living in a far more just and peaceful world because of what you created in the early 2000s.

This is also the reason I contacted you.

Keep going. What you see now as a vision becomes a reality. I don’t know how to explain to you that it was all worth it, you won, and the human race itself has become something better for your work. I can’t imagine the difficulties that you have gone through, and the ones you are about to go through.

However, I have seen where it leads.

          - RW

NOTE: This is an homage to the original Citadel Reddit post HERE.

You can find a version of this same post at Bitcoin Magazine HERE.

Thanks so much for reading!


Weeky Post/Update - 27.09.21

Weekly Update - 10.09.21

/-Welcome to our weekly updates!

/-On this thread, we'll cover a list of various, with a list of all their different APYs available on different platforms and exchanges. We also include a list of various proof of stake and other crypto paired with the best entry prices that we find valuable and safe for the long term. Further down, you'll find a list of all the upcoming airdrops for the week to which you can participate through the CoinMarketCap website. Finally, you'll be able to read a brief summary of all the principal news relative to crypto for the next couple of weeks.

/-If you're new to the sub, scroll down further and you'll find a Guide to Crypto where we've put together a list of the most useful informative videos about crypto and blockchain technology. It also includes a quick guide to the sub and

/-Crypto and their APYs

/-For finding crypto with the best APYs % feel free to use this spreadsheet

/-Credit to moderator u/ashtonlaszlo for sharing it with us.

/-Feel free to contact him if you have any questions about it.

/-Weekly recommendations:

/-$BTC under 44k

/-$ETH under $3.2k

/-$ADA under $2.3

/-$BNB under $390

/-$SOL under $150

/-$DOT under $30

/-$LINK under $25

/-$XLM under $0.3

/-$VET under $0.1

/-$CAKE under $20

/-$CRO under $0.16.5

/-$HBAR under $0.4

/-Community Portfolio Competition Coins

/-$MATIC under 1.2

/-$XRP under $1

/-ALGO under $1.75

/-$UOS under $0.6

/-$QNT under $350

/-ERGO under $14

/-Upcoming Airdrops for the week (you can participate in these through the CoinMarketCap Airdrop Calendar

/-Click here for the full list of upcoming airdrops for this week.

/-Important News/Events:

-

  1. Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case. Griffith was charged with violating sanctions law by giving a cryptocurrency and blockchain presentation at a North Korean conference in 2019.
  2. Bitcoin above 42k support, resistance in the 46k area
  3. DeversiFi exchange pays over $20M Eth gas fee on a 100k usdt transfer. "The decentralized exchange said Monday that a $23.7 million transaction fee was an “internal issue” and that no user funds are at risk."
  4. Sources suggest Revolut is planning to release a crypto token.
  5. China bans crypto for the hundredth time

/-HODL, and have fun! Hope this helps!

/-Contact the mods here:

u/ashtonlaszlo

u/PunkPrince66

u/scrubberduckymaster

r/rewardsforcrypto

Guide to Crypto

/-𝐖𝐡𝐚𝐭 𝐢𝐬 𝐫/𝐫𝐞𝐰𝐚𝐫𝐝𝐬𝐟𝐨𝐫𝐜𝐫𝐲𝐩𝐭𝐨 𝐚𝐛𝐨𝐮𝐭 ?

/-On this sub, we will discuss any ways you can earn crypto, through crypto. Whether that’s proof of stake, proof of work, proof of space… But also websites, games and programs which could give you the opportunity of earning crypto for free. Everybody is allowed to post. We welcome experienced people as well as noobs, everybody helps out everybody, you will often get a fast response or feedback from the mods who are each familiar with these subjects.

/-𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲, 𝐚𝐧𝐝 𝐡𝐨𝐰 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐰𝐨𝐫𝐤 ?

/-To learn about what cryptocurrencies are and how Blockchain technology works, , watch this video. It goes through all the bases of cryptocurrency in a very easy way to understand.

/-𝐇𝐨𝐰 𝐭𝐨 𝐛𝐮𝐲 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬 ?

/-To buy cryptocurrencies, you buy through exchanges like Coinbase, Binance, KuCoin, or Crypto.com for example. There also exist decentralized exchanges like Pancakeswap or Uniswap. There are hundreds of exchanges out there but the most famous and established ones are Binance and Coinbase. While Binance has a much wider variety of different crypto and lower fees, Coinbase has a much more simplistic platform and friendlier interface. Here a some links to a few exchanges to sign up if your interested, by using these, you will both get benefits:

/-Primary Exchanges:

𝐁𝐢𝐧𝐚𝐧𝐜𝐞 referral (for 10% off commissions): click here

𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞 referral (for $10 once you buy or sell $100 of crypto): click here

𝐂𝐫𝐲𝐩𝐭𝐨.𝐜𝐨𝐦 referral (for $25 on sign up): click here

Celsius referral (for $40 in Bitcoin once you buy or sell $400 of crypto): click here

/-Feel free to dm the mods if you want to sign up on any other exchanges and are looking for a referral code. You can also make a post asking the members.

/-𝐖𝐡𝐚𝐭 𝐢𝐬 𝐬𝐭𝐚𝐤𝐢𝐧𝐠 ? (PoS)

/-Staking is an activity where a user locks or holds his funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS)-based blockchain system. It is similar to crypto mining in the sense that it helps a network achieve consensus while rewarding users who participate. Different cryptos have different reward rates, know as APYs. Most exchanges give you the possibility to stake your crypto, a big staking platform that's become very establishes is Celius Network. Coins and tokens which you can stake are referred to as "proof of stake" (POS).

/-𝐖𝐡𝐚𝐭 𝐢𝐬 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐦𝐢𝐧𝐢𝐧𝐠 ? (PoW)

/-Bitcoin mining is the process by which new bitcoins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. It is performed using very sophisticated computers that solve extremely complex computational math problems. In exchange from lending your hardware to mine crypto, you are rewarded in that specific cryptocurrency. If you're interested in starting to mine, you can contact moderator u/PunkPrince66 who has some experience in the subject.

/-For a 𝐥𝐢𝐬𝐭 𝐨𝐟 𝐚𝐥𝐥 𝐏𝐨𝐒 𝐚𝐧𝐝 𝐏𝐨𝐖 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞𝐢𝐫 𝐫𝐞𝐰𝐚𝐫𝐝𝐬 𝐫𝐚𝐭𝐞𝐬 , feel free to use This Spreadsheet

/-Credit to our mod u/ashtonlazslo for creating it and sharing it to the sub.

/-If you have any more questions or advice to improve this sub, feel free to post or even directly contact the mods who will be glad to help.

/-Enjoy !

/-Contact the mods here:

u/ashtonlaszlo

u/PunkPrince66

u/scrubberduckymaster

r/rewardsforcrypto


Here We Are After Punting The Fuckery Can Over 22 Years

The issues we're seeing today in the Repo Market isn't something new. This problem has been punted from 1999.

22 years ago, HF funds got carried away shorting and bending the stock market to their will.

They shorted technology stocks to the point where banks had to step in to stop the damage before everything exploded.

With Y2K fears being blasted all over the media, it became ingrained in the mind of the "regular every day citizen" that technology is a bad thing. There were sell offs in the market leading up to January 1, 2000.

With that, Long Hedge Funds and banks that were heavily invested in tech companies had no collateral and the liquidations started.

The solution was for the FED to get involved in the Repo Markets to minimize the damage.

They were a little too late to put a stop to the damage but managed to punt the can down the road.

That can showed back up again in 2007 in the form of a Collateralized Debt Obligations (CDO).

https://preview.redd.it/mg1fepozp3q71.png?width=990&format=png&auto=webp&s=4d563c9ca7722944e99304b46e40affe9147175e

https://preview.redd.it/om2b4ub1q3q71.png?width=314&format=png&auto=webp&s=337e6f9f25134fb8bbab3c17ef8a0dcf5af88ec1

A very good explanation of a CDO can be found here:

https://www.tavakolistructuredfinance.com/cash-flows-synthetic-cdo/

When everything started to implode in 2008, the banks once again had no exit but at the same time had the FED by the balls.

"Either bail us out, or we sell everything in our portfolio for the collateral we need to survive!"

The FED came up with a solution:

Rather than blow up the Repo Market once again, or a bail out, the solution was to give the banks money. The intention was to have the banks loan out the money to citizens at low interest rates.

It was a good plan. This would've allowed normal, every day citizens to start businesses, not have to sell their houses, stimulate the economy and "survive another day" themselves.

The money would've been returned in the form of income taxes.

Everybody wins.

Wrong!

Here's a scene from Too Big To Fail. I highly recommend watching that movie. It's often overlooked but is very in depth concerning 2008.

Here's the most important scene:

https://reddit.com/link/pwppqj/video/aqov90y6m3q71/player

The FED made the decision to give the banks $125B through The Troubled Asset Relief Program (TARP).

It was a Hail Mary but it was intended to avoid a total collapse of the world economy.

Rather than do the right thing, the banks kept the money, gave themselves bonuses and continued the same bullshit investing strategies that had led to this now 10 year problem.

Collateralized Debt Obligations (CDO) then became Mortgage Backed Securities(MBS) and Commercial Mortgage Backed Securities (CMBS).

Maximum risk was still maximum reward. If shit goes south, the FED will be there to change their diaper.

The kicking continued....

Along came 2013...

The problems from 1999 were still there and it needed to be solved. Governments of the world were getting nervous once again and demanded this be resolved.

The best solution was to eat the interest, use the Repo Market to settle the issue and in a few months, life is good.

Nope!

The Repo Market was engaged again, the banks hoarded the money, solved nothing and started hiding the money in the crypt0 market to the tune of trillions of dollars.

https://preview.redd.it/c8twp2nip3q71.png?width=882&format=png&auto=webp&s=96555a93e012b6e46e4ca379c6fd743bea451bd8

The FED responded with "Fuck it. Let's see how this plays out.".

The can was once again kicked to 2019.

The banks were screwed once again. Collateral was gone and they cried to the FED.

The result was the Repo Market exploding in September 2019.

This is the part that "retail" didn't see.

I simplified two videos from The Duomo Initiative and One Minute Economics to show the difference between the Repo Market and the Reverse Repurchase Markets.

That video is here:

https://www.reddit.com/r/Superstonk/comments/pw1ypm/repo_vs_reverse_repo_explained_in_ape_speak_2/

Seriously. It's only 4 minutes and at the end of the video, you'll understand the difference between Repo and Reverse RePurchse Agreement (RRP). I made it as "ape" as possible.

Moving on:

With the can kicked ONCE AGAIN we arrive at today.

The RRP Market is now at $1.3T.

https://preview.redd.it/cl21z9qpn3q71.png?width=894&format=png&auto=webp&s=501adb88d633675f81e8437eb3721f6947151855

You can see from the Repo chart in correlation with the Reverse Repo chart that they work inverse to each other. When the FED isn't stepping to help, there's a desperate time in the Repo market where they can't buy back the bonds.

Since the "buy back" part of the repo can't happen like it's supposed to, the counter parties that accepted the bonds for cash can now sell them at market.

This hammers the price of the bonds. Anyone who is willing to buy them knows that the seller is desperate.

The bonds are tank at an alarming rate.

This hurts the seller because they're getting less cash in return for a trade they made two years ago.

With no collateral and no liquidity, the FED has stepped in to avoid absolute disaster. The 22 year problem is in their face and as they all stare at the exits, someone is outside the doors welding them shut.

- Mortgage Backed Securities are tanking.

- Commercial Mortgage Backed Securities are tanking.

- Treasury Bonds are tanking.

- Hedge Funds (long and short) are losing their minds as both sides of their portfolios (long vs. short) can't save them. They're over leveraged and therefore, facing bankruptcy.

- Banks are also over leveraged and facing bankruptcy.

They're not to be leveraged beyond 7:1 but when you're facing bankruptcy, prison time and taking everyone else with you, why not break the rules to avoid making enemies? You can justify it pretty easily.

"Everyone else is doing it as well. Either fit in or get eaten."

To further this explanation, have a look at this video from Duomo:

What Caused the Repo Blowup in 2019? | Explained in 3 Minutes

https://youtu.be/URvok29rf-w

Here's an article from Forbes that goes over what happened in 2019 and why it was such a big deal:

https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/?sh=31e47ef47caa

To sum up the article, here are a couple quotes from it:

"Last week the financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. Stepping back, it reveals two big things about financial markets: first, US Treasuries are not truly “risk-free” assets, as most consider them to be, and second, big banks are significantly undercapitalized. The event doesn’t mean another financial meltdown is necessarily imminent—just that the risk of one is heightened—since the brush fire can be doused either by the Fed, or by the banks raising more equity capital. However, it provides a “teachable moment” regarding systemic fragility and anti-fragility."

And...

"Why was someone willing to borrow cash at a 10% interest rate last Tuesday, in exchange for pledging US Treasury collateral that yields only 2% or less? That trade lost someone a whopping 8% (annualized) overnight, but presumably the trade allowed the bank to stay in business for another day. As risk premiums go, 8% is shockingly high—for a supposedly risk-free asset!"

"For every US Treasury security outstanding, roughly three parties believe they own it. That’s right. Multiple parties report that they own the very same asset, when only one of them truly does. To wit, the IMF has estimated that the same collateral was reused 2.2 times in 2018, which means both the original owner plus 2.2 subsequent re-users believe they own the same collateral (often a US Treasury security).

This is why US Treasuries aren’t risk-free—they’re the most rehypothecated asset in financial markets, and the big banks know this. Auditors can’t catch this because GAAP accounting standards obfuscate it."

After rehypothecating Treasuries to their limit before getting caught, the banks were essentially loaning to themselves, 8% higher than the normal rate, in a desperate attempt to show liquidity on their balance sheets.

Nobody was willing to take the other side of the trade though, because it would tank the price of the asset.

What did the FED have to say about what happened in 2019?

https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm

A few lovely quotes:

"In mid-September 2019, overnight money market rates spiked and exhibited significant volatility, amid a large drop in reserves due to the corporate tax date and increases in net Treasury issuance. Although some upward pressure on money market rates due to these seasonal factors was expected, the extent of the increase in both the level and volatility of rates in secured and unsecured markets was surprising."

- We didn't see this coming.

"On Monday, September 16, SOFR printed at 2.43 percent, 13 basis points higher than the previous business day. With pressures in the repo market spilling over into the fed funds market, the EFFR printed at 2.25 percent, 11 basis points above the Friday print and at the top of the FOMC's target range. On September 17, the EFFR moved above the top of the target range to 2.3 percent and the SOFR increased to above 5 percent."

- The entire system almost fell at the same time.

"Why did this happen?

Two widely cited factors exerted upward pressure on overnight funding rates in mid-September. First, quarterly corporate tax payments that were due on September 16 were withdrawn from bank and money market mutual fund (MMF) accounts and went to the Treasury's account at the Federal Reserve (Fed). Second, $54 billion of long-term Treasury debt settled on September 16, which increased the Treasury holdings of primary dealers that purchase these securities at auctions and finance them through the repo market. As tax payments and the settlement of Treasury auctions drained a large amount of cash, reserves in the banking system declined by about $120 billion over two business days."

- After paying one of their bills, they were unable to pay other bills.

"Following the Fed's policy response to the Global Financial Crisis and the subsequent Great Recession, reserves increased from less than $10 billion at the end of 2007 to a peak of about $2.8 trillion in October 2014."

- We fukt up! Debts got big after punting "The Big Can".

"Strains in money markets in September seem to have originated from routine market events, including a corporate tax payment date and Treasury coupon settlement. The outsized and unexpected moves in money market rates were likely amplified by a number of factors. First, these events occurred against a backdrop of increased Treasury outstanding and reduced reserve balances. Reserves were at a multi-year low, which reduced liquidity, while Treasuries outstanding were at an all-time high, which led to increased borrowing demand. Second, borrowing demand in the repo market proved to be highly inelastic, which along with the persistence of trading relationships in the triparty segment, led cash borrowers to pay up significantly to secure the funding they needed. Lastly, on the lending side, uncertainty about cash flows and market conditions was a factor contributing to the reluctance of lenders to increase their lending in response to higher rates. For banks, this reluctance may have been exacerbated by frictions due to supervisory and regulatory factors, including their internal risk management practices, which may have prevented them from lending their excess funds to take advantage of higher rates. These factors appeared to have contributed to acute pressures on money market rates in September. Ongoing analysis may help us better understand how pressures emerged and spread across different money markets."

FED - They didn't give a fuck and we weren't watching. Oopsy!

One last long and in depth article from CADTM:

https://www.cadtm.org/Another-look-at-the-Federal-Reserve-s-panic-in-September-2019-and-solutions-to

This article is long but very thorough. I'll throw a few snippets/quotes in here:

"From 16 September, there has been a crisis situation: banks financing themselves on the repo market found themselves facing abnormally high interest rates, the interbank market had almost dried up, a situation called credit crunch, in other words banks were not ready to lend one another cash even overnight. Other lenders such as Money Market Funds took advantage of the situation to demand very high returns. While the normal rate was 2%, lenders were demanding up to 10%.

So the big banks knocked at the Fed’s door, asking it to substitute as a lender at rates they would consider normal, that is, about 2%. The Fed hesitated for a moment before massively intervening, in a highly uncertain climate bordering on panic, by injecting over 50 billion dollars of liquidity on 17 September 2019. Thus the Fed acted as a substitute for the markets."

"After having injected, on 17 September, 53 billion dollars into the banks, substituting for the interbank market and other private lenders, the Fed has made fresh injections of liquidity every day, bringing the amount from the second day on to a daily maximum of 75 billion dollars, then up again to a maximum of 100 billion dollars. On the date of writing, the Fed continues its daily interventions and has announced that it will continue to do so until 4 November at the earliest."

- Everything should've went fucking insane in January as they returned the bonds but they couldn't buy them back.

"At present, the markets’ demands are quite clearly those of about fifteen big private US banks (four of which collectively hold $377 billion of cash reserves— they are JP Morgan Chase, Bank of America, Citigroup and Wells Fargo) and by big investment funds such as BlackRock."

"They managed to get the [sic] administration to have the Volcker Rule abrogated from January 2020 onward.

The Volcker Rule is a federal regulation that generally prohibits banks from conducting certain investment activities with their own accounts and limits their dealings with hedge funds and private equity funds, also called covered funds."

- And finally...

"There are two main categories of bonds: low-risk securities issued by Triple-A corporations like Apple on the one hand, which have a relatively low yield, and on the other, junk bonds. These are bonds issued by companies with a bad reputation, that is, a low credit rating (BBB, CCC, and worse). Junk bonds give high yields but are high risk. Banks also buy structured products which may be highly toxic."

We'll be right back to that last quote after this video:

Ryan Grim And Wall St Whistleblower Claim Banks Engaged In SYSTEMIC FRAUD In Commercial Real Estate

https://youtu.be/pRHwhvUc54A

That's right (conclusion):

- Shorting tech companies in 1999 fucked up the market.

- After a few years of wondering what to do, Collateralized Debt Obligations (CDO) blew things up in 2008.

- Mortgage Backed Securities (MBS) stuck another thorn in their sides in 2013.

- Commercial Mortgage Backed Securities (CMBS) fraud opened the wound again in 2019.

- After all that, with the FED having their back against the wall and looking the other way...

-(refer to last quote)-

... there are now stock bonds.

The only solution to this now parabolic issue is the collapse of the Global Economic System.

Downside:

Starting from scratch means their slate is clean and they can start a new 22 year cycle of complete bullshit that will blow up again but not until they kick the can a few times.

Rinse and repeat...

Here's the situation as it sits today:

https://preview.redd.it/sc25ikoqo3q71.png?width=973&format=png&auto=webp&s=d6afadd8c1a0ae82c0cca39c15558c3137895bcb


Hedera Hashgraph (ℏ) DD

Ħello All. Ħello Future.

I have put this together to compile all the information I have come across on this wonderful project, and hope it will help all ℏBAR-Barians new and old.

Introduction

Hedera Hashgraph is a 3rd Generation Distributed Ledger Technology (DLT) created by US Air Force computer scientists Leemon Baird and Mance Harmon operating in the Decentralised Finance (DeFi) space. You can learn more about DLT technology here and the definition of DeFi here. Renowned mathematician Baird fashioned the Hashgraph Algorithm which dramatically improves upon current blockchain technology and offers a fully decentralised solution, scalable to enterprises of all sizes across the globe.

Hedera patented solution achieves the highest grade of security theoretically possible, Asynchronous byzantine fault tolerant (ABFT), whilst maintaining the fastest transaction speeds and extremely low energy consumption. All of this, coupled with complete finality and low fixed fees, Hedera offers a turnkey solution to enterprises for public ledgers. Unlike any other public network available, Hedera is governed by a council of globally recognised/respected companies, banks and universities on every continent (excl. Antarctica). Some examples include Google, IBM and Boeing; however, the full Governing Council can be found here, and the list is really impressive. HBAR() is the native, energy-efficient cryptocurrency of Hedera that powers the decentralised economy.

Features

Hedera Hashgraph offers an array of features and services. There are currently two primary services which include:

Hedera Token Service – Configure, mint, and manage fungible and non-fungible tokens on Hedera without needing to set up and deploy a smart contract.

Hedera Consensus Service – Send event data to the public ledger for immutable, verifiable, and fairly ordered records of applications and layer -2 networks.

No Fork Guarantee – As the Hashgraph consensus algorithm is exclusive with open review code, the network and its cryptocurrency have a no-fork guarantee. This ultimately means that other ‘versions’ of the blockchain cannot be created, which ensures stability of development for application builders, and long-term confidence in the network.

There are many other capabilities and additional functionality that Hedera offers including scheduled transactions, multi signature transactions, atomic swaps, file services and smart contracts 2.0, interactable with native Hedera services, like HTS. View Here.

More information on these can be found by clicking the links.

https://preview.redd.it/i5pa76uqv3q71.png?width=1630&format=png&auto=webp&s=47adf630a058456e53c5def321d33548088919fa

True Decentralisation

The common misconception with Hedera Hashgraph is the fact that it is not a decentralised network. This is factually incorrect.

The official definition of ‘Decentralisation’ is the following; “the transfer of control of an activity or organization to several local offices or authorities rather than one single one.”

In an effort to decentralise, Hedera has top tier organisations spread around the world, operating on different continents and under different governments. These are highly respected, reputable and trusted organisations. The Governing Council run the nodes and the nodes are distributed across the world. Currently the Governing Council is made up of 23 members but there will be a total of 39 in the near future. The Governing Council share equal vote in the direction of the software and each member has a limited 3-year maximum term, with up to 2 consecutive terms.

The current Governing Council clearly speaks for itself…

https://preview.redd.it/2c2asspsv3q71.png?width=1728&format=png&auto=webp&s=af4cf7ee11a4032a538b08f7ed6bea0e616b6682

Once the network grows, Hedera will introduce ‘Mirror Nodes’. Anyone in the world is able to download and run a node on the Mirror network, and a Mirror Node gets cryptographic proof that all the data is absolutely the consensus and is correct. This ultimately further increases decentralisation.

Something could be said for many other cryptocurrencies being more centralised than people actually think, as large mining pools are not known, transparent and/or trusted. In some cases, these large mining pools could control the majority supply.

Leemon explains this really well in this interview (timestamp 14:10).

Management & Ownership (Swirlds)

Hedera was founded by Hashgraph inventor Leemon Baird and his business partner Mance Harmon, and has an exclusive license to the Hashgraph patents held by their company. Swirlds, the creator of the Hashgraph Algorithm, has a permanent seat on the Governing Council and an equal vote. More information on the MLA agreement between Swirlds and Hedera can be found here.

HBAR Foundation

“The Hedera Governing Council, the group of diverse organizations responsible for stewarding the Hedera network, has announced the approval of a plan to allocate 10.7 billion HBARS (approximately 20% of total supply), currently worth US $5 billion as of September 16th, 2021, towards the development of the Hedera ecosystem.”

“Hedera's Governing Council has initially earmarked up to 5.35 billion HBARS, worth approximately US $2.5 billion as of Sept 16th, to the newly established independent HBAR Foundation. The HBAR Foundation will have autonomy over the administration, development, and deployment of its HBAR distributions, and will provide grants to developers, start-ups, and other organizations to accelerate the development and adoption of the Hedera network for a wide variety of applications in decentralized finance (DeFi), non-fungible tokens (NFTs), Central Bank Digital Currencies (CBDCs), gaming and other industries. The HBAR Foundation will be led by Shayne Higdon, a hands-on enterprise software executive with significant venture capital and private equity experience, having led 40+ M&A and corporate venture transactions in areas such as SaaS, multi-cloud, application performance, and identity management.”

This is something that is really exciting and that is completely non-existent in the crypto space and will drive teams of people globally to begin building on the Hedera network ultimately identifying new use cases and growing the ecosystem. Watch this space!

Greenest PoS DLT

Energy consumption has a huge role to play in the economy and innovative enterprises. The costs of the likes of Bitcoin and Ethereum can no longer be ignored. With Hedera surpassing the number of Ethereum transactions, and processing more than 100,000 TPS (competing with Visa!), it’s only a matter of time before expensive methods become obsolete.

The UCL team used a mathematical consumption model that predicts expected energy consumption per transaction, as a function of network load. Applying this model to six different PoS-based DLT systems confirms that Hedera Hashgraph energy consumption per transaction is indeed at least three orders of magnitude lower than that of Bitcoin. Furthermore, UCL discovered significant differences among the analysed PoS-based systems themselves. View Here.

https://preview.redd.it/fi5l0xlwv3q71.png?width=1747&format=png&auto=webp&s=6bca54f8a59e25c34d8ac4f0c1e393703d5d44cc

https://preview.redd.it/od014hkvv3q71.png?width=1001&format=png&auto=webp&s=43dca8eefbc14b96dc0a4427007d86e6a74fb691

Future Road Map

Hedera has a clear and transparent roadmap available which improves on their Network, Ecosystem, Performance & Scale, Decentralisation and Smart Contracts. See below;

Q4 2021

HTS Improvement for NFTS
Flexible Token Associations
Reactive Native SDK

Q1 2022

Longer Term Scheduled Transactions
Scalable Smart Contracts
Additional Mirror Node Data Scalability
Sustained Network Performance Optimisation
Additional Network Automation
Upgraded Developer Portal

Q2 2022

Hedera Improvement Proposal
Enable Ecosystem Integrations
Permissioned Community Nodes
Enable Staking Rewards Programs

You can view more details on the Hedera roadmap here.

Resources:

Use Cases

Shout out to u/Jakertrader47 for posting, you can find all the use cases here: https://www.hbartothemoon.com/allcases

FUD (Fear, Uncertainty & Doubt)

I really liked this post from u/divertss and wanted to include it as it outlines and combats any elements of common FUD surrounding HBAR, so make sure you check it out.

Worth a Watch

https://www.youtube.com/watch?v=IjQkag6VOo0&ab_channel=HederaHashgraph
https://www.youtube.com/watch?v=wqpRU2deHlo&ab_channel=HederaHashgraph
https://www.youtube.com/watch?v=R6R3TKXyofY&t=1128s&ab_channel=Cryptocito

If you enjoyed this post, and would like me to do a follow up post diving into the the financials (Market Cap / Price Action / Stock Price) and use cases then let me know.