https://www.cointuta.com/could-bitcoin-69420-be-a-signature-meme-event-for-the-cryptocurrency-bitcoin-united-states-dollar-btc/?feed_id=30913&_unique_id=6172492b39c6d
Thursday, October 21, 2021
Could 'Bitcoin $69,420' Be A Signature Meme Event For The Cryptocurrency? - Benzinga - Benzinga
https://slashdot.org/firehose.pl?op=view&id=154003713
Rollercoin is an online bitcoin mining simulator in which you can mine real bitcoins for free without paying for electricity - get a 1000 satoshi now!
Rollercoin is a game that you compete with your friends, who will have a bigger farm to mine bitcoin, ethereum or dogecoin. Аll you have to do is register and customize your avatar, then you're ready to start the race.
The best part is that this game does not require depositing money to grow your farm, it is enough to play games, raise enough money and buy your first miner.
Once you have collected the sufficient minimum amount (about 4-6$) you can withdraw your money to your personal wallet. You can take 1000 satoshi which will help for the development of your farm. They are equal to 0.00001 BTC.
It is possible to progress quickly with the new "Event Pass" in the game. If you buy it and take all the prizes you will increase the power of mining by 2.5 Ph/s. Of course, if you do not want to give real money for "Event Pass" there are also free prizes.
FOR THE FIRST TIME YOU HAVE THE OPPORTUNITY TO TAKE FREE MINERS AND OTHER FREE PRIZES, some of which are: 300 Gh/s for 1 day, 500 Gh/s for 3 days.
ALSO FOR THE FIRST TIME IN THE GAME YOU CAN TRY YOUR LUCK WITH LOOTBOXES, FROM WHICH YOU CAN WIN UP TO 500 "RLT" OR MINERS WITH POWER UP TO 1.5 Ph/s.
There are also weekly offers that offer a limited series of miners, as well as discounts for miners up to 60%.
Hint:
• At Rollercoin you will never mine at a loss because you will not pay for electricity! The game is made you always mine to profit!
• If you decide to invest the money you earn in miners, you will start earning more.
• The cheapest miner costs only 2.6 RLT which is 2.6$.
• With the upcoming season (season 3), it will be possible to buy miners with any cryptocurrency available on the site. Start collecting coins now to buy better miners next season.
Notes on using Rollercoin
• All purchases from the site require RLT, which is Rollercoin's own cryptocurrency.
• You may withdraw your crypto from the site once it reaches the required quota, or deposit them to a different currency.
• You can only split power from mining crypto once every 12 hours.
• You must win at least one game per day to maintain the current level of your "PC", otherwise it will go back to the lowest level.
• The more games you win, the more difficult it is, and the longer the cooldown. On the flipside, you get a bigger score which adds to your mining power.
• You can bring down the difficulty of any game by simply not playing them for awhile. Use this to diversify the games you play and earn as much mining power as possible. 1000 FREE SATOSHI HERE
• The higher your mining power, the more crypto you can get from each completed block.
Rollercoin is an online bitcoin mining simulator in which you can mine real bitcoins for free without paying for electricity - get a 1000 satoshi now!
Rollercoin is a game that you compete with your friends, who will have a bigger farm to mine bitcoin, ethereum or dogecoin. Аll you have to do is register and customize your avatar, then you're ready to start the race.
The best part is that this game does not require depositing money to grow your farm, it is enough to play games, raise enough money and buy your first miner.
Once you have collected the sufficient minimum amount (about 4-6$) you can withdraw your money to your personal wallet. You can take 1000 satoshi which will help for the development of your farm. They are equal to 0.00001 BTC.
It is possible to progress quickly with the new "Event Pass" in the game. If you buy it and take all the prizes you will increase the power of mining by 2.5 Ph/s. Of course, if you do not want to give real money for "Event Pass" there are also free prizes.
FOR THE FIRST TIME YOU HAVE THE OPPORTUNITY TO TAKE FREE MINERS AND OTHER FREE PRIZES, some of which are: 300 Gh/s for 1 day, 500 Gh/s for 3 days.
ALSO FOR THE FIRST TIME IN THE GAME YOU CAN TRY YOUR LUCK WITH LOOTBOXES, FROM WHICH YOU CAN WIN UP TO 500 "RLT" OR MINERS WITH POWER UP TO 1.5 Ph/s.
There are also weekly offers that offer a limited series of miners, as well as discounts for miners up to 60%.
Hint:
• At Rollercoin you will never mine at a loss because you will not pay for electricity! The game is made you always mine to profit!
• If you decide to invest the money you earn in miners, you will start earning more.
• The cheapest miner costs only 2.6 RLT which is 2.6$.
• With the upcoming season (season 3), it will be possible to buy miners with any cryptocurrency available on the site. Start collecting coins now to buy better miners next season.
Notes on using Rollercoin
• All purchases from the site require RLT, which is Rollercoin's own cryptocurrency.
• You may withdraw your crypto from the site once it reaches the required quota, or deposit them to a different currency.
• You can only split power from mining crypto once every 12 hours.
• You must win at least one game per day to maintain the current level of your "PC", otherwise it will go back to the lowest level.
• The more games you win, the more difficult it is, and the longer the cooldown. On the flipside, you get a bigger score which adds to your mining power.
• You can bring down the difficulty of any game by simply not playing them for awhile. Use this to diversify the games you play and earn as much mining power as possible. 1000 FREE SATOSHI HERE
• The higher your mining power, the more crypto you can get from each completed block.
Beauty House Guerlain Presents Energy-Efficient Tezos NFTs At The International Contemporary Art Fair In Paris
For the 14th consecutive year, House Guerlain will take part in the International Contemporary Art Fair in Paris, France.
The House will present its new exhibition ‘When matter becomes art’, from October 21 to November 14, 2021, at 68 Champs-Élysées House Guerlain and MNSTR agency will present works of art from four renowned contemporary artists at the International Contemporary Art Fair as NFTs.
The NFTs will be minted as NFTs on the Tezos blockchain.
The International Contemporary Art Fair
Since 1974, the International Contemporary Art Fair has been a highly anticipated recurring event. For several days each year, Paris becomes the world capital of contemporary art.
With an audience of approximately 75,000 visitors, 1,500 artists show their work in the aisles of the Grand Palais Ephémère, the Tuileries Gardens, the Musée Eugène Delacroix and Place Vendôme. Amongst the artists are some of the most famous artists worldwide.
“The FIAC is also the occasion for an artist residing in France, or of French origin, to be awarded the prestigious Marcel Duchamp Prize, which brings with it international recognition. Like all fairs, the FIAC is also a marketplace where the works of art change hands and professionals meet.
Each year, there is much speculation in the press about the price of various works of art, which contributes to establishing the legitimacy of the artists.”
NFTs on Tezos
For the 14th consecutive year, House Guerlain will take part in the International Contemporary Art Fair in Paris, France. The House will present its new exhibition ‘When matter becomes art’, from October 21 to November 14, 2021, at 68 Champs-Élysées
House Guerlain and MNSTR agency will present works of art from four renowned contemporary artists at the event as NFTs. The NFTs will be displayed in the multi-level House Guerlain exhibition at the International Contemporary Art Fair.
The NFTs will be minted on the Tezos blockchain, an energy-efficient Proof of Stake network. Tezos, one of the original pioneers of Proof of Stake, utilizes a significantly more energy-efficient approach to securing its network.
Unlike Proof of Work networks like Bitcoin or Ethereum, Tezos operates cleanly, with minimal energy consumption and a negligible carbon footprint.
This collaboration embraces clean NFTs and energy-efficient networks that ensure that the impact of this new era of creative expression prioritizes sustainability through innovation.
The NFTs will be sold for the benefit of the GoodPlanet Foundation, chaired by Yann Arthus-Bertran, a world-renowned photojournalist and environmentalist.
Since its creation, Guerlain has encouraged new forms of avant-garde and artistic innovation, this exhibition delivers to the world an experience of imagination and spirit.
The exhibition brings together sculptural works, paintings, photographs, installations, as well as digital works, NFTs, specially produced for the occasion, which offer a look at the potential of these creative territories.
Guerlain’s unique exhibition explores the question of materiality in art through the works of Liu Bolin, Lauren Moffatt, Sabrina Ratté, and Constance Valero. All proceeds will be donated to Yann Arthus-Bertrand’s GoodPlanet Foundation.
Visual artist Liu Bolin will question the essence of image, the essence of life, the essence of the world and our perception of reality in his piece titled, The Last Warrior. Australian artist Lauren Moffatt will explore the cycles of growth and decay in nature and how different ecosystems are linked through their piece titled, Compost VIII.
Sabrina Ratté will explore a simulation of ecosystems born from the fusion of technology and organic matter through her piece titled, Florescendi. Lastly, Constance Valero will present the supremacy of organic life through her piece titled, De Nectar et d’Ambroisie.
About Guerlain:
Since 1828, Beauty by Guerlain represents a meeting of tradition and innovation. For 190 years, Guerlain has explored, innovated and perfected in fragrances, skincare, and makeup.
Guerlain creations are legendary in the worlds of fragrances, skincare and makeup, all signed by a distinctive culture of beauty, an unwavering attachment to “Made in France” and with total respect for the craft of artists and artisans alike.
From perfumers and the “Dames de Table” who decorate exquisite fragrance bottles, to artisans who make Météorites, Guerlain cultivates exceptional craftsmanship, preserving the rare, precious, and unique skills behind mythic creations.
This tradition continues today at the House’s production facilities in France, earning Guerlain recognition as a “Living Heritage Company” in 2005 for its exceptional savoir-faire.
CSE: $HLTH.V OTC: RSCZF up 58% + highest volume on the CSE the past 2 days (25M+) - Cheapest crypt* play out there with superstars like Wouter Witvoet and Olivier Francois Newton in management. 10-20X+ potential!!! In Depth Due Diligence below.
$HLTH Due Diligence - $HLTH - has the same team and playbook as $DEFI (formerly $RM), and will use the same promo mechanisms as ACDC MOVE SHRM AMMP, which all ran 5-10X+ with sizeable floats, most being over 300M.. The founder of DEFI and Co-Founder of ASIC Power (Wouter Witvoet) and HIVE (Olivier Francois Newton) own a combined 64m+, approx 20% of the 338m non fully diluted float. This does not include any shares they may have purchased on the open market. They are leading the way here and current CEO Alex Somjin is moving to ORIG (origin therapeutics) soon.
Name change, Change of Business, transition to single purpose entity, and uplisting to NEO exchange expected within 30-60 days as stated by CEO last Friday.
From recent NR - "Following a thorough evaluation of the Company’s existing resources and a review of its strategic options, the Company has made the decision to refocus its business operations to the area of crypt*currency from its current business as an investment issuer (the “Change of Business”) and will focus primarily on operating the business of companies operating in such business."
Global Care Capital ($HLTH) owns 10 assets, but they are selling off 7 and keeping the 3 assets related to Crypt*/Blockchain:
1- CCM Technologies Inc.- ACTIVE
2- ASIC Power Company - ACTIVE
3- Metaverse Capital Corp. - DORMANT
Wouter Witvoet, Co-Founder of DeFi technologies, SecFi and ASIC Power, took 8M shares, INSTEAD OF CASH, at 7.5c for a $500k loan agreement with CCM Technologies - https://webfiles.thecse.com/Global_Care_-_CSE_Form_9_-_Notice_of_Issuance_of_Securities_-_conversio.pdf?djSOq90JJQ.Yt2Rulk0mTeu9mMMrEJtz=
You can get shares for cheaper than he did right now.. To add to this, serious players got shares at 11c: https://webfiles.thecse.com/Global_Care_-_signed_amended_CSE_Form_9_-_Notice_of_Issuance_of_Securiti.pdf
Wouter Witvoet was also issued 7,925,250 shares at $0.11.
Daniel Novak, Co-founder of ASIC Power and SP at Schindler, was issued 1,500,001 shares at $0.11
Oliver Francois Roussy Newton, Founder of HIVE & DEFI technologies and advisor at the worlds largest crypt* mining company, was issued 7,925,250 shares at a deemed value of $0.11
Stan Bharti, Founder and Executive Chairman of Forbes & Manhattan Inc., was issued 5,000,000 shares at a deemed value of $0.11
Julian Bharti (son of Stan Bharti), was issued 8,850,500 shares at a deemed value of $0.11
$HLTH has $122M in deferred tax assets, this is one of the main reasons Wouter Witvoet and Olivier Francois Newton chose this shell.
Let's take a closer look at ASIC Power Corp.'s business model: Put simply, the company offers streaming contracts to miner/mining farms that finance new acquisitions of ASIC miner equipment.
As part of the financing, ASIC Power Corp. will receive a contractually agreed percentage share of mined crypt* currencies such as .B Bitcoin. Typically, the royalty streaming contracts are designed in such a way that the risk is reduced downwards in the event of price declines, but participation in price increases is given.
Depending on the company's strategy, ASIC Power can sell the crypt*currencies generated in this way directly in the market and refinance new streaming contracts with the revenues. Or the company keeps the Bitcoins in the investment portfolio and can benefit from future price en-times to the maximum within the framework of a HODL strategy.
Experience has shown that the streaming & royalty business is very profitable: returns between 10-30% are the rule rather than the exception. And that with short repayment periods of 2 to 4 years. So far, crypt* miners have often had a financing problem, as traditional banks usually do not finance mining equipment for business policy reasons.
This listed company is now becoming one of the few financing providers. And you as a shareholder can benefit from the expected dynamic growth. ASIC Power Corporation is led by a first-class management with the best network contacts to venture capital backers and Silicon Valley! For example, one of the co-founders of
ASIC Power is Wouter Witvoet (co-founder of DeFi Technologies). The management also includes Olivier Roussy Newton (ex founder of HIVE Blockchain)!
Close contacts to manufacturers of mining equipment (ASIC Miners) pay off at face value! ASIC Power Corp. was even able to buy the 208 crypt* miners from the first contract about 70% cheaper than usual on the market!
Thus, ASIC Power will continue to be a first port of call for new projects or crypt* farm expansions, which will of course have a very positive effect on future earnings growth.
Explosive side note: At the end of May 2021, China announced stricter regulation of crypt* mining companies with a possible ban on business activities. We expect the majority of the devices to be used in North America and Scandinavia. Thus, the demand for innovative financing, such as that offered by ASIC Power, is likely to increase enormously.
ASIC Power website/socials: www.Asicpower.com https://twitter.com/asicpower
CCM Technologies - is a crypt*currency mining company with state-of-the-art ASIC chips. CCM will be hosting the miners with Compute North, an industry leader in digital infrastructure and blockchain hosting services in the United States.
CCM acquisition terms - In consideration for the Transaction, and on closing thereof, Global Care issued an aggregate of 94,170,001 common shares of Global Care (the “Consideration Shares”) to CCM shareholders at a deemed price of $0.11 per Consideration Share and issued to CCM warrantholders an aggregate of 65,000,000 common share purchase warrants (the “Consideration Warrants”)
CCM Bitmain miners/hash rate - "The 975 miners are composed of 195 Whatsminer M30S and 780 latest generation Antminer S19J Pro. The miners produce either 93 or 105 TH/s (Terahash per second) dependent on the model, adding a total of 100 PH/s (Petahash per second) to the Company’s hash rate with customized software." https://www.globenewswire.com/fr/news-release/2021/06/03/2240955/0/en/Global-Care-Capital-Announces-Closing-of-Acquisition-of-CCM-Technologies-Inc.html
To put this in perspective, HIVE currently has a total bitcoin operating hash rate of 925 Petahash per second (PH/s). https://www.hiveblockchain.com/news/hive-reaches-200-million-annual-run-rate-and-purchases-4000-next-generation-miners/
CCM equipment installation timeline via Global Care - "Installation of the S19J Pro is anticipated to begin in August in increments of 65 units per month until Q2 2022. The 195 Whatsminer M30S are anticipated to be installed in October 2021."
CCM deposits on mining equipment - On April 20, 2021, the Company, through its subsidiary, entered into an agreement with Compute North for computer equipment (bitmain miners) totaling US$6,959,755 ($8,715,701). Of the total required deposit payments to date, US$3,012,818 has been paid, and the balance of US$3,946,937 is included in accounts payable and accrued liabilities. The Company is committed to paying US$108,362 over the next eleven months.
CCM CEO - Lawrence Cofield is a veteran of the IT industry. Last year he concluded a 2-year contract with TAAL as a Global Account Manager, overseeing 280,000 ASIC miners, and managing several projects worth a combined $80M CAD. TAAL is a blockchain infrastructure company focused on BitcoinSV. Craig Wright sits on the advisory board.
CCM website/socials - https://www.ccm-technologies.com/ https://twitter.com/ccmtechnologies?lang=en
Please feel free to fact check any of the DD posted above. GLTA!.
Bug in trading algorithm caused Bitcoin flash crash
In an email to Insider, the company said: "One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off. We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved."
This doesn't seem to be the result of intentional market manipulation like many here have speculated. Exchanges should have circuit breakers for these kinds of events. It would be interesting to find out who noticed and pulled the plug first.
Mods: re-submitting this post b/c it was removed since there were too many BTC posts in the top 50
CSE: $HLTH.V OTC: RSCZF up 58% + highest volume on the CSE the past 2 days (25M+) - Cheapest crypto play out there with superstars like Wouter Witvoet and Olivier Francois Newton in management. 10-20X+ potential!!! In Depth Due Diligence below.
$HLTH Due Diligence -
$HLTH - has the same team and playbook as $DEFI (formerly $RM), and will use the same promo mechanisms as ACDC MOVE SHRM AMMP, which all ran 5-10X+ with sizeable floats, most being over 300M.. The founder of DEFI and Co-Founder of ASIC Power (Wouter Witvoet) and HIVE (Olivier Francois Newton) own a combined 64m+, approx 20% of the 338m non fully diluted float. This does not include any shares they may have purchased on the open market. They are leading the way here and current CEO Alex Somjin is moving to ORIG (origin therapeutics) soon.
Name change, Change of Business, transition to single purpose entity, and uplisting to NEO exchange expected within 30-60 days as stated by CEO last Friday.
From recent NR - "Following a thorough evaluation of the Company’s existing resources and a review of its strategic options, the Company has made the decision to refocus its business operations to the area of cryptocurrency from its current business as an investment issuer (the “Change of Business”) and will focus primarily on operating the business of companies operating in such business."
Global Care Capital ($HLTH) owns 10 assets, but they are selling off 7 and keeping the 3 assets related to Crypto/Blockchain:
1- CCM Technologies Inc.- ACTIVE
2- ASIC Power Company - ACTIVE
3- Metaverse Capital Corp. - DORMANT
Wouter Witvoet, Co-Founder of DeFi technologies, SecFi and ASIC Power, took 8M shares, INSTEAD OF CASH, at 7.5c for a $500k loan agreement with CCM Technologies - https://webfiles.thecse.com/Global_Care_-_CSE_Form_9_-_Notice_of_Issuance_of_Securities_-_conversio.pdf?djSOq90JJQ.Yt2Rulk0mTeu9mMMrEJtz=
You can get shares for cheaper than he did right now.. To add to this, serious players got shares at 11c: https://webfiles.thecse.com/Global_Care_-_signed_amended_CSE_Form_9_-_Notice_of_Issuance_of_Securiti.pdf
Wouter Witvoet was also issued 7,925,250 shares at $0.11.
Daniel Novak, Co-founder of ASIC Power and SP at Schindler, was issued 1,500,001 shares at $0.11
Oliver Francois Roussy Newton, Founder of HIVE & DEFI technologies and advisor at the worlds largest crypto mining company, was issued 7,925,250 shares at a deemed value of $0.11
Stan Bharti, Founder and Executive Chairman of Forbes & Manhattan Inc., was issued 5,000,000 shares at a deemed value of $0.11
Julian Bharti (son of Stan Bharti), was issued 8,850,500 shares at a deemed value of $0.11 - $HLTH has $122M in deferred tax assets, this is one of the main reasons Wouter Witvoet and Olivier Francois Newton chose this shell.
Let's take a closer look at ASIC Power Corp.'s business model: Put simply, the company offers streaming contracts to miner/mining farms that finance new acquisitions of ASIC miner equipment.
As part of the financing, ASIC Power Corp. will receive a contractually agreed percentage share of mined crypto currencies such as Bitcoin. Typically, the royalty streaming contracts are designed in such a way that the risk is reduced downwards in the event of price declines, but participation in price increases is given.
Depending on the company's strategy, ASIC Power can sell the cryptocurrencies generated in this way directly in the market and refinance new streaming contracts with the revenues. Or the company keeps the Bitcoins in the investment portfolio and can benefit from future price en-times to the maximum within the framework of a HODL strategy.
Experience has shown that the streaming & royalty business is very profitable: returns between 10-30% are the rule rather than the exception. And that with short repayment periods of 2 to 4 years. So far, crypto miners have often had a financing problem, as traditional banks usually do not finance mining equipment for business policy reasons.
This listed company is now becoming one of the few financing providers. And you as a shareholder can benefit from the expected dynamic growth.
ASIC Power Corporation is led by a first-class management with the best network contacts to venture capital backers and Silicon Valley! For example, one of the co-founders of ASIC Power is Wouter Witvoet (co-founder of DeFi Technologies). The management also includes Olivier Roussy Newton (ex founder of HIVE Blockchain)!
Close contacts to manufacturers of mining equipment (ASIC Miners) pay off at face value! ASIC Power Corp. was even able to buy the 208 crypto miners from the first contract about 70% cheaper than usual on the market!
Thus, ASIC Power will continue to be a first port of call for new projects or crypto farm expansions, which will of course have a very positive effect on future earnings growth.
Explosive side note: At the end of May 2021, China announced stricter regulation of crypto mining companies with a possible ban on business activities. We expect the majority of the devices to be used in North America and Scandinavia. Thus, the demand for innovative financing, such as that offered by ASIC Power, is likely to increase enormously.
ASIC Power website/socials: www.Asicpower.com https://twitter.com/asicpower
CCM Technologies - is a cryptocurrency mining company with state-of-the-art ASIC chips. CCM will be hosting the miners with Compute North, an industry leader in digital infrastructure and blockchain hosting services in the United States.
CCM acquisition terms - In consideration for the Transaction, and on closing thereof, Global Care issued an aggregate of 94,170,001 common shares of Global Care (the “Consideration Shares”) to CCM shareholders at a deemed price of $0.11 per Consideration Share and issued to CCM warrantholders an aggregate of 65,000,000 common share purchase warrants (the “Consideration Warrants”)
CCM Bitmain miners/hash rate - "The 975 miners are composed of 195 Whatsminer M30S and 780 latest generation Antminer S19J Pro. The miners produce either 93 or 105 TH/s (Terahash per second) dependent on the model, adding a total of 100 PH/s (Petahash per second) to the Company’s hash rate with customized software." https://www.globenewswire.com/fr/news-release/2021/06/03/2240955/0/en/Global-Care-Capital-Announces-Closing-of-Acquisition-of-CCM-Technologies-Inc.html
To put this in perspective, HIVE currently has a total bitcoin operating hash rate of 925 Petahash per second (PH/s). https://www.hiveblockchain.com/news/hive-reaches-200-million-annual-run-rate-and-purchases-4000-next-generation-miners/
CCM equipment installation timeline via Global Care - "Installation of the S19J Pro is anticipated to begin in August in increments of 65 units per month until Q2 2022. The 195 Whatsminer M30S are anticipated to be installed in October 2021."
CCM deposits on mining equipment - On April 20, 2021, the Company, through its subsidiary, entered into an agreement with Compute North for computer equipment (bitmain miners) totaling US$6,959,755 ($8,715,701). Of the total required deposit payments to date, US$3,012,818 has been paid, and the balance of US$3,946,937 is included in accounts payable and accrued liabilities. The Company is committed to paying US$108,362 over the next eleven months.
CCM CEO - Lawrence Cofield is a veteran of the IT industry. Last year he concluded a 2-year contract with TAAL as a Global Account Manager, overseeing 280,000 ASIC miners, and managing several projects worth a combined $80M CAD. TAAL is a blockchain infrastructure company focused on BitcoinSV. Craig Wright sits on the advisory board.
CCM website/socials - https://www.ccm-technologies.com/ https://twitter.com/ccmtechnologies?lang=en
Please feel free to fact check any of the DD posted above. GLTA!.
CSE: $HLTH.V OTC: RSCZF up 58% + highest volume on the CSE the past 2 days (25M+) - Superstar management team including Wouter Witvoet and Olivier Francois Newton. Several catalysts in the next 30-60 days. 10-20X+ potential!!! In Depth Due Diligence below.
$HLTH Due Diligence -
$HLTH - has the same team and playbook as $DEFI (formerly $RM), and will use the same promo mechanisms as ACDC MOVE SHRM AMMP, which all ran 5-10X+ with sizeable floats, most being over 300M.. The founder of DEFI and Co-Founder of ASIC Power (Wouter Witvoet) and HIVE (Olivier Francois Newton) own a combined 64m+, approx 20% of the 338m non fully diluted float. This does not include any shares they may have purchased on the open market. They are leading the way here and current CEO Alex Somjin is moving to ORIG (origin therapeutics) soon.
Name change, Change of Business, transition to single purpose entity, and uplisting to NEO exchange expected within 30-60 days as stated by CEO last Friday.
From recent NR - "Following a thorough evaluation of the Company’s existing resources and a review of its strategic options, the Company has made the decision to refocus its business operations to the area of cryptocurrency from its current business as an investment issuer (the “Change of Business”) and will focus primarily on operating the business of companies operating in such business."
Global Care Capital ($HLTH) owns 10 assets, but they are selling off 7 and keeping the 3 assets related to Crypto/Blockchain:
1- CCM Technologies Inc.- ACTIVE
2- ASIC Power Company - ACTIVE
3- Metaverse Capital Corp. - DORMANT
Wouter Witvoet, Co-Founder of DeFi technologies, SecFi and ASIC Power, took 8M shares, INSTEAD OF CASH, at 7.5c for a $500k loan agreement with CCM Technologies - https://webfiles.thecse.com/Global_Care_-_CSE_Form_9_-_Notice_of_Issuance_of_Securities_-_conversio.pdf?djSOq90JJQ.Yt2Rulk0mTeu9mMMrEJtz=
You can get shares for cheaper than he did right now.. To add to this, serious players got shares at 11c: https://webfiles.thecse.com/Global_Care_-_signed_amended_CSE_Form_9_-_Notice_of_Issuance_of_Securiti.pdf
Wouter Witvoet was also issued 7,925,250 shares at $0.11.
Daniel Novak, Co-founder of ASIC Power and SP at Schindler, was issued 1,500,001 shares at $0.11
Oliver Francois Roussy Newton, Founder of HIVE & DEFI technologies and advisor at the worlds largest crypto mining company, was issued 7,925,250 shares at a deemed value of $0.11
Stan Bharti, Founder and Executive Chairman of Forbes & Manhattan Inc., was issued 5,000,000 shares at a deemed value of $0.11
Julian Bharti (son of Stan Bharti), was issued 8,850,500 shares at a deemed value of $0.11 - $HLTH has $122M in deferred tax assets, this is one of the main reasons Wouter Witvoet and Olivier Francois Newton chose this shell.
Let's take a closer look at ASIC Power Corp.'s business model: Put simply, the company offers streaming contracts to miner/mining farms that finance new acquisitions of ASIC miner equipment.
As part of the financing, ASIC Power Corp. will receive a contractually agreed percentage share of mined crypto currencies such as Bitcoin. Typically, the royalty streaming contracts are designed in such a way that the risk is reduced downwards in the event of price declines, but participation in price increases is given.
Depending on the company's strategy, ASIC Power can sell the cryptocurrencies generated in this way directly in the market and refinance new streaming contracts with the revenues. Or the company keeps the Bitcoins in the investment portfolio and can benefit from future price en-times to the maximum within the framework of a HODL strategy.
Experience has shown that the streaming & royalty business is very profitable: returns between 10-30% are the rule rather than the exception. And that with short repayment periods of 2 to 4 years. So far, crypto miners have often had a financing problem, as traditional banks usually do not finance mining equipment for business policy reasons.
This listed company is now becoming one of the few financing providers. And you as a shareholder can benefit from the expected dynamic growth.
ASIC Power Corporation is led by a first-class management with the best network contacts to venture capital backers and Silicon Valley! For example, one of the co-founders of ASIC Power is Wouter Witvoet (co-founder of DeFi Technologies). The management also includes Olivier Roussy Newton (ex founder of HIVE Blockchain)!
Close contacts to manufacturers of mining equipment (ASIC Miners) pay off at face value! ASIC Power Corp. was even able to buy the 208 crypto miners from the first contract about 70% cheaper than usual on the market!
Thus, ASIC Power will continue to be a first port of call for new projects or crypto farm expansions, which will of course have a very positive effect on future earnings growth.
Explosive side note: At the end of May 2021, China announced stricter regulation of crypto mining companies with a possible ban on business activities. We expect the majority of the devices to be used in North America and Scandinavia. Thus, the demand for innovative financing, such as that offered by ASIC Power, is likely to increase enormously.
ASIC Power website/socials: www.Asicpower.com https://twitter.com/asicpower
CCM Technologies - is a cryptocurrency mining company with state-of-the-art ASIC chips. CCM will be hosting the miners with Compute North, an industry leader in digital infrastructure and blockchain hosting services in the United States.
CCM acquisition terms - In consideration for the Transaction, and on closing thereof, Global Care issued an aggregate of 94,170,001 common shares of Global Care (the “Consideration Shares”) to CCM shareholders at a deemed price of $0.11 per Consideration Share and issued to CCM warrantholders an aggregate of 65,000,000 common share purchase warrants (the “Consideration Warrants”)
CCM Bitmain miners/hash rate - "The 975 miners are composed of 195 Whatsminer M30S and 780 latest generation Antminer S19J Pro. The miners produce either 93 or 105 TH/s (Terahash per second) dependent on the model, adding a total of 100 PH/s (Petahash per second) to the Company’s hash rate with customized software." https://www.globenewswire.com/fr/news-release/2021/06/03/2240955/0/en/Global-Care-Capital-Announces-Closing-of-Acquisition-of-CCM-Technologies-Inc.html
To put this in perspective, HIVE currently has a total bitcoin operating hash rate of 925 Petahash per second (PH/s). https://www.hiveblockchain.com/news/hive-reaches-200-million-annual-run-rate-and-purchases-4000-next-generation-miners/
CCM equipment installation timeline via Global Care - "Installation of the S19J Pro is anticipated to begin in August in increments of 65 units per month until Q2 2022. The 195 Whatsminer M30S are anticipated to be installed in October 2021."
CCM deposits on mining equipment - On April 20, 2021, the Company, through its subsidiary, entered into an agreement with Compute North for computer equipment (bitmain miners) totaling US$6,959,755 ($8,715,701). Of the total required deposit payments to date, US$3,012,818 has been paid, and the balance of US$3,946,937 is included in accounts payable and accrued liabilities. The Company is committed to paying US$108,362 over the next eleven months.
CCM CEO - Lawrence Cofield is a veteran of the IT industry. Last year he concluded a 2-year contract with TAAL as a Global Account Manager, overseeing 280,000 ASIC miners, and managing several projects worth a combined $80M CAD. TAAL is a blockchain infrastructure company focused on BitcoinSV. Craig Wright sits on the advisory board.
CCM website/socials - https://www.ccm-technologies.com/ https://twitter.com/ccmtechnologies?lang=en
Please feel free to fact check any of the DD posted above. GLTA!.
Comprehensive Analysis on the Upcoming Alt-season
ABSTRACT
We all know the saying behind 'alt-coins follow Bitcoin', and summarized briefly, it's due to the cumulative cash-flow that is carried by market momentum. A simplified version of this could be represented by the cash flow from Bitcoin -> Ethereum -> Altcoins.
It is undoubtedly true that Bitcoin is in a second-peak cycle, recently just hitting a new all-time high. However, historically with such moves, will a cumulative, follow-up alt-season occur soon after. Timelines are uncertain due to each cryptocurrency's relative size and distribution, but a major alt-season is prophesied to occur anywhere from a few weeks to months. Combined with the reasoning of this prediction, this post will attempt to further explain the macroeconomics behind alt-seasons.
It's recommended to read a case-study summary of the most recent May alt-season to get caught up: https://www.reddit.com/r/CryptoCurrency/comments/o20ofs/the_economics_behind_altseasons_a_case_study_of/
WHAT NEEDS TO HAPPEN FOR AN ALT-SEASON
Bitcoin needs a strong, upwards rally that accumulates momentum, enough to sustain a divergence of total crypto market cap v. Bitcoin. In layman's terms, this means a strong Bitcoin that holds its price very well, long enough for alt-season to begin anywhere from a few weeks to months later, dependant on each cryptocurrency's relative size.
Case Study #1
As demonstrated in Figure 1, where Bitcoin's price trend diverges from the rest of the crypto market cap, which will now be referred to as 'Market', causes a power vacuum of cash flow that causes an alt-season. The effects of this initial alt-season are demonstrated in Figure 2 with Ethereum's valuation, and Figure 3 with Cardano's valuation. Needless to say, the effects of divergence and subsequent power-vacuum, and alt-season are quite obvious once modelled under the right circumstances.
Case Study #2
Another, more recent example of alt-seasons can be retrieved from the May alt-coin season. As demonstrated in Figure 4, a massive divergence was created from Bitcoin's residual market momentum. Figure 5 portrays Ethereum's reaction to the divergence.
CURRENT CIRCUMSTANCES OF A DIVERGENCE, AND PREDICTIONS
Due to Bitcoin's second leg of the bull-run to a new all-time high, there seems to be another divergence forming, as demonstrated in Figure 6 and insinuated by Bitcoin's current price trend. As a result, as you could've already guessed, Ethereum is already tagging along, just recently hitting a close high of 4.4k USD, as demonstrated in Figure 7. Of course, other altcoins like Cardano, who lie closer to the bottom of the simplified cash-flow sequence of BTC -> ETH -> Alt-coins, are lying dormant, if not, even going down, as demonstrated in Figure 8! But don't worry, with time, even your pet project of an alt-coin will rise up.
TO CONCLUDE
Another alt-season is almost set in stone to happen, and depending on your cryptocurrency's relative size, is to happen from within a few weeks to months, excluding Ethereum of course, which I personally do not consider as an alt-coin.
I hope this due diligence helped clear up all the recent spewed-out copypasta of how cash-flow works in the cryptocurrency space. Understanding such variables and events can be both extremely entertaining and profitable, and as a result, are one of the essential skill-sets of any investor out there. All content displayed was created and developed by me, using third-party software.
Any questions, advice or corrections would be spectacular. Cheers!
Cringy Disclaimer Required By Law: I am not a licensed financial advisor nor does this content attempt to replicate any of the sorts. This content is listed strictly for entertainment and educational purposes. When in doubt, contact a professional. Your money, your problem.
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🎬 Netflix = Pay-To-Watch
💻 YouTube = Free-To-Watch
📀 GoldTube = Paid-To-Watch
GoldTube is a Platform Created to Reward Viewers with Money from Watching Videos.
For Viewers:
🍿 Earn GoldTube (GOLT) Token From Watching Videos
🍿 GOLT-TO-GOLD System Allowing Viewers to Invest GOLT to Earn More GOLT within the GoldTube Ecosystem
🍿 Same Content, One is Free-To-Watch, One is Paid-To-Watch. Which Will You Choose?
For Content Creators:
🎥 Get Paid Up to 6x Times More per 1000 views
🎥 Improve APV, AVD, WT, CTR and Conversion through GoldTube Community
🎥 Improve Viewer Experience (VX)
🎥 Organic Traffic Directed to your Video
🎥 With More than 1 Billion Hours of Videos Uploaded to the Internet Every Month, How Can Content Creator Stand Out from the Others?
Pre-Launch Campaign Prize:
🅱 1 BITCOIN Will Be Awarded To Campaign Winner
🅱 Campaign Ends Before Official Launch Of GoldTube
🅱 Leaderboard is Updated Daily!
GoldTube Highlights:
⚙ Alpha Launched on 10.10.2021
⚙ Prototype System Available for Public Testing and Claim
⚙ Twitch 23/7 Stream | AMA session with Founder on Twitch Chat Everyday
⚙ GoldTube have its Own Development Team Consist of Blockchain, Web Development, App Development & Media Development.
Stats:
⚙ Week 1 Total User: 200+
⚙ Daily Active Users: 100+
⚙ Daily Recurring Users: 50+
Visit GoldTube 23/7 Stream Here:
https://www.twitch.tv/goldtubeofficial
GoldTube User with the Highest GOLT Token Before Official Launch Will be Awarded 1 Bitcoin.
Leaderboard will be Updated Daily.
Pre-Sale
🔑 Participate in GoldTube Campaign to Earn a Slot in GoldTube Pre-Sale Event
🔑 Participate in GoldTube Bug Bounty Campaign to Earn a Slot in GoldTube Pre-Sale Event
Prototype
GoldTube Current Prototype will be Testing the Hypothesis of "Will Viewers Watch Videos In Exchange For Money?".
GoldTube Alpha Launch Aim to Collect Statistics and Market Reactions Allowing Development Team to Pivot into the Right Direction.
Expect Final Product To Be a Standalone Platform Where Money is Credited Directly to Viewer After Every Video Watched.
GOLT Token
♠ GoldTube GOLT Token is Not Listed on Any DEX Platform
♠ First Round of Pre-Sale Will Be Conducted After Launching of GoldTube Beta.
♠ GoldTube Beta will Allow Viewers to Earn GOLT Token From Every Video Watched.
Alpha Launch Campaign
♠ New Games Weekly
♠ Game Content Updated Daily
♠ More Than 60 Unique Campaign Codes Created
Community
GoldTube is Trying to Create the World's First Paid-To-Watch Culture.
AMA with GoldTube CEO Everyday on Telegram.
Join us so that the next time you watch videos, you will be paid for it.
Follow GoldTube Social Media Platform
Email Us : [admin@goldtube.io](mailto:admin@goldtube.io)
Thank You For Reading!
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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
BSC NEWS AMA
1. Please introduce yourself and the team behind CoinSwap?
I’ve been in the bitcoin and blockchain space since 2009. I’ve written two blockchain books, written for countless projects and advised many others.
I joined CoinSwap’s team right before launch because I believe in their goal to become the world’s most innovative DEX and provide all people with decentralized financial inclusivity.
Since joining the team I can already sense that we’ve a great opportunity to achieve this goal and to become number 1 amongst all DEXs.
2. What is CoinSwap? What does it mean to be a decentralized cloud trading protocol?
Launch Time: CoinSwap.com officially launched on BSC on Sep 13th.
Mining Launch Time: CoinSwap.com will officially launch mining function on Oct 20th.
https://twitter.com/Coinswap_/status/1448280571113709581?s=20
Vision
Not only an AMM-based DEX, but also an ecosystem.
CoinSwap.com is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi, etc.
Functions:
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.com provides this function of one-click “Liquidity Migration” that can easily allow users to migrate the liquidity previously provided on DEX.
Node NFT: Each node will become the unique NFT system of CoinSwap.com to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.com continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.com directly.
Deductible Fees: Coins can be used to deduct 50% trading fees. The trading fee can be as low as 0.15%.
Market Data: Query Token market data anytime, anywhere.
DAO Governance: Users who hold COINS can initiate and vote on the system. Related proposals include block rewards, halving cycles, new token launches and adjustments to liquidity weights of trading pairs, etc.
https://docs.coinswap.io/#functions
3. What inherent problems have you seen within BSC that CoinSwap can provide solutions for?
CoinSwap is a large supporter of Binance and Binance Smart Chain and believes in their vision to provide a chain for users with high transaction throughput.
This allows DeFi protocols like ours at CoinSwap to flourish and continue to take more market share over time from the ‘legacy’ DEXs like Uniswap or Pancakeswap that haven’t really innovated over the last year and CEXs as well once users become more comfortable in the crypto sector.
Through our referrals, NFT and Supernode NFT, users can create their own ecosystem to trade with even cheaper fees than any other DEX already running on BSC.
Our users are already giving us excellent feedback on the protocols and really appreciate us pushing the space forward with our new functionality!
4. How does being a “DeCloud” differ from other trading protocols?
Other DeFi protocols aren’t as distributed as CoinSwap because CoinSwap is the first DeCloud computing protocol in the history of DeFi.
DeCloud enables every supernode to be a DEX and this may be the most revolutionary advancement in NFTs in blockchain history yet.
DeCloud gives our users even more decentralization than the normal DEX and way more decentralization than any CEX as well. This is the future of DeFi because users will increasingly want to have a decentralized cloud just like they want decentralized blockchains.
Supernode NFT empowers the users to have more control of their finances and that’s the endgame of blockchain and DeFi.
5. How do you use/get started on CoinSwap?
Our team made a full tutorial on how to get started on CoinSwap.com in this youtube video.
https://www.youtube.com/watch?v=pw9fKoix998
There are other specific tutorials and overviews on our youtube for users and there will be more youtube videos in the future when we launch even more functions, so make sure you’re subscribed for all news, product launches, and giveaways!
6. What is your vision for CoinSwap? Can you provide us with a roadmap?
The overall vision is to become the #1 DEX in the entire world! Our team is focused on the small day to day goals which will lead to us becoming number #1 eventually.
The small victories will lead us to even greater things and our community is continuing to grow on every continent daily!
CoinSwap is launching mining today! This is a huge event in our roadmap and brings all of our functions and utility to the LIVE stage of our platform.
Of course we will keep innovating but this is a major day for CoinSwap and we’re very proud of our team and our community!
https://twitter.com/Coinswap_/status/1448280571113709581?s=20
- What is $COINS? How is it used for your platform?
COINS Use Case:
-
COINS used to pay for fees will not participate in rebates but will be directly burned.
-
Deductible Fees. COINS can be used to pay for fees. The discount rate is shown in the table below.
-
The creation of the supernode NFT needs to burn COINS.
-
If the project party's tokens participate in liquidity mining, the project party will provide the tokens and host the user's single staked COINS to mine the project party's tokens.
-
COINS can participate in the new functions of the platform such as NFT and IFO.
-
The COINS value can be provided in subsequent contracts and lending products.
COINS Tokenomics:
The maximum total amount of COINS on BSC is 1 billion, of which 10% is used as team rewards for team operations, technology research and development, etc.; 7% is used as a foundation reserve to support subsequent related investment and financing, partners and construction and improvement of ecosystems, to provide more sufficient and beneficial resources for the development of CoinSwap.com; 1% is used for market operation promotion and brand building; 2% is used for airdrops, bug bounty rewards, supernode NFT rewards, community rewards, etc.; the remaining 80% is used for liquidity mining, transaction mining, and single mining on BSC.
https://docs.coinswap.io/tokenomics-and-mining/coins-tokenomics#coins-tokenomics
Mining Rules:
COINS will be released by staged mining. Genesis mining is expected to release about 10% of the total amount on BSC, which is 100 million COINS. The mining halving cycle is 2 months, and the initial single block unlocks 26.0417 COINS. It is expected that genesis mining will be suspended after at most 2 halvings.
Token symbol: COINS
Lunch period: 12:00(UTC), 20th Oct, 2021
Halving cycle: 2 months
Liquidity mining linear release cycle: 30 days
The maximum of the total amount of genesis mining: 104,000,000 COINS
Liquidity, transaction mining, single mining: 80%, 80 million COINS
Foundation: It will release 0.5%, which is 3,500,000 COINS in the early stage (allocated for the initial liquidity, marketing and strategic partnership, and listing for exchange purposes). In order to avoid the problem of insufficient liquidity of the COINS in the early stages, the foundation will provide some initial liquidity of COINS, but the USDT, BUSD and BNB received from the previous sale of COINS will be participated in liquidity market of the COINS/USDT, COINS/BUSD, COINS/BNB trading pair and this part of liquidity will not be withdrawn within 2 months. The platform will announce the transaction addresses.
Team: 10%, 10,000,000 COINS, released with the progress of mining
Airdrop: 1% 10 million COINS.
The COINS airdrops will be distributed for free to addresses
-
who have recently traded and added liquidity on PancakeSwap, Mdex, Ellipsis, Biswap, ApeSwap, BakerySwap, DoDo, BabySwap;
-
who traded or added liquidity on CoinSwap.com;
-
community;
-
supernode NFT.
Brand building: 0.5% 500,000 COIN
After the second halving, the platform will determine whether to suspend genesis mining and start the second round mining.
https://docs.coinswap.io/tokenomics-and-mining/genesis-mining-rules#genesis-mining-rules
- Is your platform audited? How can you ensure users that your platform is safe to use?
CoinSwap.com underwent a full audit by CertiK. CertiK is the leading security agency in the blockchain space that makes sure all users are safe when using DeFi products.
You can read the full audit of our protocol done by CertiK here:
https://leaderboard.certik.io/projects/coinswapio
- Any exciting news you would like to announce today?
Our mining platform as I’ve mentioned is launching today!
Make sure you head over to start mining today and use this code when you’re using our protocols so we know that you’re from the BSC NEWS FAMILY!
https://bsc.coinswap.com/#/trade/swap/314
https://twitter.com/Coinswap_/status/1448280571113709581?s=20
CoinSwap.com Genesis Mining will start today, are you guys ready?
No Private sale, No ICO, No Pre-mining!
Be the first one to have COINS4
CoinSwap #YieldFarming : October 20th 12:00 (UTC)
Get ready：https://bsc.coinswap.com/#/trade/swap/314
Telegram：https://t.me/Coinswap_EN
Peter Thiel Says He ‘Underinvested’ in Bitcoin, Slams Central Banks at Event
Peter Thiel, the technology billionaire and conservative political donor, praised cryptocurrencies and slammed central banks during an appearance on Wednesday.
📀 GOLDTUBE | 💲 Earn Money Watching Videos | 🅱 $60,000 Campaign Prize | 🐛 Week 1 Initial Bounty Program | 🎁 Watch & Earn Prototype System Available Now | 🧪 Test Out The System & Get Rewarded For It | 🚀 Participate GoldTube Campaign For a Slot in Pre-Sale Round | 📀
🎬 Netflix = Pay-To-Watch
💻 YouTube = Free-To-Watch
📀 GoldTube = Paid-To-Watch
GoldTube is a Platform Created to Reward Viewers with Money from Watching Videos.
For Viewers:
🍿 Earn GoldTube (GOLT) Token From Watching Videos
🍿 GOLT-TO-GOLD System Allowing Viewers to Invest GOLT to Earn More GOLT within the GoldTube Ecosystem
🍿 Same Content, One is Free-To-Watch, One is Paid-To-Watch. Which Will You Choose?
For Content Creators:
🎥 Get Paid Up to 6x Times More per 1000 views
🎥 Improve APV, AVD, WT, CTR and Conversion through GoldTube Community
🎥 Improve Viewer Experience (VX)
🎥 Organic Traffic Directed to your Video
🎥 With More than 1 Billion Hours of Videos Uploaded to the Internet Every Month, How Can Content Creator Stand Out from the Others?
Pre-Launch Campaign Prize:
🅱 1 BITCOIN Will Be Awarded To Campaign Winner
🅱 Campaign Ends Before Official Launch Of GoldTube
🅱 Leaderboard is Updated Daily!
GoldTube Highlights:
⚙ Alpha Launched on 10.10.2021
⚙ Prototype System Available for Public Testing and Claim
⚙ Twitch 23/7 Stream | AMA session with Founder on Twitch Chat Everyday
⚙ GoldTube have its Own Development Team Consist of Blockchain, Web Development, App Development & Media Development.
Stats:
⚙ Week 1 Total User: 200+
⚙ Daily Active Users: 100+
⚙ Daily Recurring Users: 50+
Visit GoldTube 23/7 Stream Here:
https://www.twitch.tv/goldtubeofficial
GoldTube User with the Highest GOLT Token Before Official Launch Will be Awarded 1 Bitcoin.
Leaderboard will be Updated Daily.
Pre-Sale
🔑 Participate in GoldTube Campaign to Earn a Slot in GoldTube Pre-Sale Event
🔑 Participate in GoldTube Bug Bounty Campaign to Earn a Slot in GoldTube Pre-Sale Event
Prototype
GoldTube Current Prototype will be Testing the Hypothesis of "Will Viewers Watch Videos In Exchange For Money?".
GoldTube Alpha Launch Aim to Collect Statistics and Market Reactions Allowing Development Team to Pivot into the Right Direction.
Expect Final Product To Be a Standalone Platform Where Money is Credited Directly to Viewer After Every Video Watched.
GOLT Token
♠ GoldTube GOLT Token is Not Listed on Any DEX Platform
♠ First Round of Pre-Sale Will Be Conducted After Launching of GoldTube Beta.
♠ GoldTube Beta will Allow Viewers to Earn GOLT Token From Every Video Watched.
Alpha Launch Campaign
♠ New Games Weekly
♠ Game Content Updated Daily
♠ More Than 60 Unique Campaign Codes Created
Community
GoldTube is Trying to Create the World's First Paid-To-Watch Culture.
AMA with GoldTube CEO Everyday on Telegram.
Join us so that the next time you watch videos, you will be paid for it.
Follow GoldTube Social Media Platform
Email Us : [admin@goldtube.io](mailto:admin@goldtube.io)
Thank You For Reading!
Earn Money Watching Videos!
Seven GOOD things about the Futures-Based ETF
EDIT: THIS IS NOT A RECOMMENDATION TO BUY THE FUTURES ETFs. THIS IS JUST A LIST OF REASONS OF WHY BITCOIN PRICE CAN ULTIMATELY BENEFIT FROM HAVING THEM COMPARED TO NOT HAVING THEM AROUND.
We have seen in the last few weeks a lot of bashing on the recently approved ETFs (so far, ProShares, which has been launched, plus Valkyrie and VanEck, which will launch tomorrow and next week respectively). I do not disagree with any of the arguments around (apart from occasional "duh they gonna suppress price through paper BTC" argument, which is simply wrong - I explain that in my first point in the following). Now I proceed to list a few GOOD things about a futures ETF in comparison to a spot ETF, mostly because I've seen no one mentioning those so far. Again I stress that I agree with the arguments for why spot > futures. No need to repeat them and say that futures is shit and spot is good because I agree with that. I am just presenting a silver lining here given what we have in the markets now.
I) The Futures ETF, by not requiring the ETF issuer to hold bitcoin but just future contracts from a particular exchange, is more easily auditable. The daily open interest on bitcoin futures at the CME can be checked at https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.volume.html, making it very difficult for the ETF issuer to increase the ETF shares supply without going long on the futures contract. With a spot ETF, you need to trust the issuer (or the custodian) holds the bitcoins because they very likely will not reveal the address where the bitcoins are (for either security reasons or regulation reasons, or both).
II) With the Futures ETF, there is ZERO risk the coins can be stolen, confiscated, or lost, because they hold no coins. By holding a contract that provides exposure to the underlying, the "carrying risk" is held by those buying spot and shorting futures to capture the premium. One of the main sources of this premium (in addition to the time value of money), which is not small and is the main disadvantage of the futures ETF) is precisely having to manage the security by your own.
III) With the Futures ETF, you can benefit in the short term by a rapid increase in BTC prices. While a spot bitcoin ETF would ideally perfectly track the bitcoin price, the Futures ETF track future contracts. The futures premium over spot can increase over short time periods, providing a higher return than simply holding bitcoin spot.
IV) With the bitcoin futures ETF, you can benefit from shifts in interest rates, should them ever occur. If the interest rates go down, the new future contract will trade at a lower price than they would otherwise. When rolling them, the "contango bleed" (the loss by selling a close to spot futures to buy an above spot futures expiring at a later date) will be reduced. If the interest rates go up, those holding the ETF will instantly benefit as the futures premium increase. Over time though, they will lose as the contango bleed increases. Admittedly, this is a very limited benefit because it goes away over time.
V) If there is a big crash, you can benefit from an "inverse contango bleed"/carrying premium as futures may trade at a lower price than spot. For those holding the ETF through the crash event though, their losses can be magnified (although not necessarily: the futures price might decrease less than the spot price). This is not necessarily an advantage as it has a good and bad side but, with the futures ETF you have the possibility to have, at some point, a carrying premium. With a spot bitcoin ETF, this cannot happen.
VI) Many institutional investors are restricted from taking positions in foreign-traded ETFs either by regulation or by mandate, so the futures ETF is all they have. Same for some individuals. Again, not exactly an advantage over spot, but an advantage over nothing nevertheless. An hypothetical advantage over spot in that regard is that some institutional investors might be restrained from investing in some "riskier" ETFs, which in terms of security as explained in I) might be the case of the spot ETF but not the futures ETF. I admit however that this is a very speculative reasoning.
VII) Due to the return on the cash holdings (a futures ETF typically holds cash/treasuries and go long on future contracts), a futures ETF might offer a lower effective total expense ratio/management fee than the spot ETF (particularly if interest rates rise one day). Even if they do not rise though, a small return will be earned in the cash, which is not the case of the spot ETF. Additionally, due to competition with spot ETFs in the future, the futures ETF issuers might be able to reduce their fees even further, capturing some market share from spot ETF issuers and benefiting investors.
Is it too late to buy feces?
Just saw a post from some guy asking if it was too late to buy Bitcoin, which I thought was really fucktarded, prompting me to look at the rules of the subreddit- wow, turns out it actually doesn’t break any of them!
There actually isn’t a “submission must be entrepreneur-related” rule. So here’s Wikipedia’s article about feces.
Feces (or faeces) is the solid or semi-solid remains of food that was not digested in the small intestine, and has been broken down by bacteria in the large intestine.[1][2] Feces contains a relatively small amount of metabolic waste products such as bacterially altered bilirubin, and dead epithelial cells from the lining of the gut.[1]
A comparison of elephant (left) and human feces (right) Feces is discharged through the anus or cloaca during defecation.
Feces can be used as fertilizer or soil conditioner in agriculture. It can also be burned as fuel or dried and used for construction. Some medicinal uses have been found. In the case of human feces, fecal transplants or fecal bacteriotherapy are in use. Urine and feces together are called excreta.
Skatole is the principal compound responsible for the unpleasant smell of feces. Characteristics
Feces samples
Bear scat
Bear scat showing consumption of bin bags
The cassowary disperses plant seeds via its feces
Earthworm feces aids in provision of minerals and plant nutrients in an accessible form
Feces from different seabirds.
The distinctive odor of feces is due to skatole, and thiols (sulfur-containing compounds), as well as amines and carboxylic acids. Skatole is produced from tryptophan via indoleacetic acid. Decarboxylation gives skatole.[3][4]
The molecule hydrogen sulfide contributes to the smell of feces. The perceived bad odor of feces has been hypothesized to be a deterrent for humans, as consuming or touching it may result in sickness or infection.[5]
Physiology
Main article: Defecation Feces is discharged through the anus or cloaca during defecation. This process requires pressures that may reach 100 millimetres of mercury (3.9 inHg) (13.3 kPa) in humans and 450 millimetres of mercury (18 inHg) (60 kPa) in penguins.[6][7] The forces required to expel the feces is generated through muscular contractions and a build-up of gases inside the gut, prompting the sphincter to relieve the pressure and to release the feces.[7]
Ecology
After an animal has digested eaten material, the remains of that material are discharged from its body as waste. Although it is lower in energy than the food from which it is derived, feces may retain a large amount of energy, often 50% of that of the original food.[8] This means that of all food eaten, a significant amount of energy remains for the decomposers of ecosystems. Many organisms feed on feces, from bacteria to fungi to insects such as dung beetles, who can sense odors from long distances.[9] Some may specialize in feces, while others may eat other foods. Feces serves not only as a basic food, but also as a supplement to the usual diet of some animals. This process is known as coprophagia, and occurs in various animal species such as young elephants eating the feces of their mothers to gain essential gut flora, or by other animals such as dogs, rabbits, and monkeys.
Feces and urine, which reflect ultraviolet light, are important to raptors such as kestrels, who can see the near ultraviolet and thus find their prey by their middens and territorial markers.[10]
Seeds also may be found in feces. Animals who eat fruit are known as frugivores. An advantage for a plant in having fruit is that animals will eat the fruit and unknowingly disperse the seed in doing so. This mode of seed dispersal is highly successful, as seeds dispersed around the base of a plant are unlikely to succeed and often are subject to heavy predation. Provided the seed can withstand the pathway through the digestive system, it is not only likely to be far away from the parent plant, but is even provided with its own fertilizer.
Organisms that subsist on dead organic matter or detritus are known as detritivores, and play an important role in ecosystems by recycling organic matter back into a simpler form that plants and other autotrophs may absorb once again. This cycling of matter is known as the biogeochemical cycle. To maintain nutrients in soil it is therefore important that feces returns to the area from which they came, which is not always the case in human society where food may be transported from rural areas to urban populations and then feces disposed of into a river or sea.
Human feces
Main article: Human feces Depending on the individual and the circumstances, human beings may defecate several times a day, every day, or once every two or three days. Extensive hardening of the feces that interrupts this routine for several days or more is called constipation.
The appearance of human fecal matter varies according to diet and health.[11] Normally it is semisolid, with a mucus coating. A combination of bile and bilirubin, which comes from dead red blood cells, gives feces the typical brown color.[1][2]
After the meconium, the first stool expelled, a newborn's feces contains only bile, which gives it a yellow-green color. Breast feeding babies expel soft, pale yellowish, and not quite malodorous matter; but once the baby begins to eat, and the body starts expelling bilirubin from dead red blood cells, its matter acquires the familiar brown color.[2]
At different times in their life, human beings will expel feces of different colors and textures. A stool that passes rapidly through the intestines will look greenish; lack of bilirubin will make the stool look like clay.
Uses of animal feces
See also: Reuse of excreta and Human feces § Uses Fertilizer
The feces of animals, e.g. guano and manure often are used as fertilizer.[12]
Energy
Further information: Dry animal dung fuel Dry animal dung is burned and used as a fuel source in many countries around the world. Some animal feces, especially that of camel, bison, and cattle, is a source of fuel when dried.[13]
Animals such as the giant panda[14] and zebra[15] possess gut bacteria capable of producing biofuel. The bacterium in question, Brocadia anammoxidans, can be used to synthesize the rocket fuel hydrazine.[16][17]
Coprolites and paleofeces
A coprolite is fossilized feces and is classified as a trace fossil. In paleontology they give evidence about the diet of an animal. They were first described by William Buckland in 1829. Prior to this, they were known as "fossil fir cones" and "bezoar stones". They serve a valuable purpose in paleontology because they provide direct evidence of the predation and diet of extinct organisms.[18] Coprolites may range in size from a few millimetres to more than 60 centimetres.
Palaeofeces is ancient human feces, often found as part of archaeological excavations or surveys. Intact feces of ancient people may be found in caves in arid climates and in other locations with suitable preservation conditions. These are studied to determine the diet and health of the people who produced them through the analysis of seeds, small bones, and parasite eggs found inside. This feces may contain information about the person excreting the material as well as information about the material. They also may be analyzed chemically for more in-depth information on the individual who excreted them, using lipid analysis and ancient DNA analysis. The success rate of usable DNA extraction is relatively high in paleofeces, making it more reliable than skeletal DNA retrieval.[19]
The reason this analysis is possible at all is due to the digestive system not being entirely efficient, in the sense that not everything that passes through the digestive system is destroyed. Not all of the surviving material is recognizable, but some of it is. Generally, this material is the best indicator archaeologists can use to determine ancient diets, as no other part of the archaeological record is so direct an indicator.[20]
A process that preserves feces in a way that they may be analyzed later is called the Maillard reaction. This reaction creates a casing of sugar that preserves the feces from the elements. To extract and analyze the information contained within, researchers generally have to freeze the feces and grind it up into powder for analysis.[21]
Other uses
Pet waste station at government building Animal dung occasionally is used as a cement to make adobe mudbrick huts,[22] or even in throwing sports such as cow pat throwing or camel dung throwing contests.[23]
Kopi luwak (pronounced [ˈkopi ˈlu.aʔ]), or civet coffee, is coffee made from coffee berries that have been eaten by and passed through the digestive tract of the Asian palm civet (Paradoxurus hermaphroditus). Giant pandas provide fertilizer for the world's most expensive green tea.[24] In Malaysia, tea is made from the droppings of stick insects fed on guava leaves.
In northern Thailand, elephants are used to digest coffee beans in order to make Black Ivory coffee, which is among the world's most expensive coffees.[24]
Dog feces was used in the tanning process of leather during the Victorian era. Collected dog feces, known as "pure", "puer", or "pewer",[25] was mixed with water to form a substance known as "bate", because proteolytic enzymes in the dog feces helped to relax the fibrous structure of the hide before the final stages of tanning.[26] Dog feces collectors were known as pure finders.[27]
Elephants, hippos, koalas and pandas are born with sterile intestines, and require bacteria obtained from eating the feces of their mothers to digest vegetation.
In India, cow dung and cow urine are major ingredients of the traditional Hindu drink Panchagavya. Politician Shankarbhai Vegad said in 2015, "I am witness to it, cow dung and urine are a 100 per cent cure for cancer".[28]
In the middle east, dung is consumed for a variety of reasons, such as dysentery, a belief of healing properties or as a food staple.
Terminology
Cyclosia papilionaris consuming bird droppings Feces is the scientific terminology, while the term stool is also commonly used in medical contexts.[29] Outside of scientific contexts, these terms are less common, with the most common layman's term being poo (or poop in North American English). The term shit is also in common use, although is widely considered vulgar or offensive. There are many other terms, see below.
Etymology
The word faeces is the plural of the Latin word faex meaning "dregs". In most English-language usage, there is no singular form, making the word a plurale tantum;[30] out of various major dictionaries, only one enters variation from plural agreement.[31]
Synonyms
Further information: Shit "Feces" is used more in biology and medicine than in other fields (reflecting science's tradition of classical Latin and New Latin)
In hunting and tracking, terms such as dung, scat, spoor, and droppings normally are used to refer to non-human animal feces In husbandry and farming, manure is common. Stool is a common term in reference to human feces. For example, in medicine, to diagnose the presence or absence of a medical condition, a stool sample sometimes is requested for testing purposes.[32] The term bowel movement(s) (with each movement a defecation event) is also common in health care. There are many synonyms in informal registers for feces, just like there are for urine. Many are euphemismistic, colloquial, or both; some are profane (such as shit), whereas most belong chiefly to child-directed speech (such as poo or poop) or to crude humor (such as crap, dump, load and turd.).
Horse feces Feces of animals
The feces of animals often has special names (some of them are slang), for example:
Non-human animals As bulk material – dung Individually – droppings Cattle Bulk material – cow dung Individual droppings – cow pats, meadow muffins, etc. Deer (and formerly other quarry animals) – fewmets Wild carnivores – scat Otter – spraint Birds (individual) – droppings (also include urine as white crystals of uric acid) Seabirds or bats (large accumulations) – guano Herbivorous insects, such as caterpillars and leaf beetles – frass Earthworms, lugworms etc. – worm castings (feces extruded at ground surface) Feces when used as fertilizer (usually mixed with animal bedding and urine) – manure Horses – horse manure, roadapple (before motor vehicles became common, horse droppings were a big part of the rubbish communities needed to clean off roads) Society and culture
Sign ordering owners to clean up after pets, Houston, Texas, 2011 Feelings of disgust
Main article: Human feces In all human cultures, feces elicits varying degrees of disgust in adults. Children under two years typically have no disgust response to it, suggesting it is culturally derived.[33] Disgust toward feces appears to be strongest in cultures where flush toilets make olfactory contact with human feces minimal.[34][35] Disgust is experienced primarily in relation to the sense of taste (either perceived or imagined) and, secondarily to anything that causes a similar feeling by sense of smell, touch, or vision.
Social media
There is a Pile of Poo emoji represented in Unicode as U+1F4A9 💩 PILE OF POO, called unchi or unchi-kun in Japan.[36][37]
Jokes
Poop is the center of many jokes. This is an example of a poop joke:
Q:How do you unlock the bathroom in a hurry? A:With a doo-key.[38]
Second U.S. Bitcoin ETF Is Set to Start Trading Friday
Since the first launch of the first ever bitcoin-backed ETF futures had extraordinary success in the market and brought astonishing $1 billion in funds, the second is expected to be not less successful.
The Valkyrie Bitcoin Strategy fund will occur on Friday on the Nasdaq exchange, which was confirmed by a spokesperson of the company. Initially the company planned to trade under the ticker BTFD, but last minute decided to change back to the original ticker BTF.
The whole event is surrounded with much enthusiasm, as U.S. Bitcoin ETF launch is fuelled with the fact, that the world’s most wanted crypto- Bitcoin has reached $67,000 in price on Wednesday and according to experienced people in the market, the price will only rise. Analysts expect it to mark $100,000 in price next year.
Security audit of Solana. How much does security of Solana depend on hardware. And how much on the software?
Worst case scenario guy here.
TL;DRThe whole post is just my speculation on whether on not Solana's security can be influenced by institutions with big money. I look for security audits that took into account malicious node operators possibly influenced by banks.
Loving Solana's TPS. And the ecosystem. Absolutely amazing. By engineers for engineers. No scientific bullshit. No useless mathematical proofs. No peer reviews. Great. Not that there is anything wrong with peer review or scientific method in general but Satoshi was first and foremost an engineer. Le'ts remember that. We would not have Bitcoin today if he stopped on reading and writing academic papers. Same for PageRank - Page delivered the solution and not only read and wrote about it.And that's what Solana did - they delivered a product that works. Great.
And of course, I can easily imagine Solana being #1 blockchain on this planet. And pretty soon.
Proof of History - strike of genius
To learn more about Solana, for past few weeks I have been obsessively reading, listening and watching everything I could get my hands on about Solana. Starting from the Proof of History, though PBFT to block propagation protocol.Nothing beats the genius of the global clock provided by PoH withoutu which none of the above would provide such an enormous TPS! The simplicity of the PoH approach just blows my mind. It's so obvious when you think about it. So obvious that it's borderline unpatentable. How come nobody thought about it earlier such a simple thing.
- Sha256 loops as fast as possible, such that each output is the next input.
- The loop is sampled, and the number of iterations and state are recorded.
But that simplicity also worries me because that makes it a blockchain with security dependent on the software and hardware as clearly seen in 1).If I understand this security model correctly, hardware manipulation of just a bunch of machines would massively decrease the security of the network. Such hardware change could happen unknowingly to the Solana community. Nobody would even noticed that.
Speculation - CDBC needs a catalyst event
For CDBC to get mass adoption some catalyst event will be needed - like a massive crypto hack of #1 cryptocurrency. In a similar fashion as creating central banks required bank runs to happen first.
In a hypothetical scenario when some actors with endless money supply, like banks, would want to undermine the trust to the pro-freedom, anti-fiat crypto movement started by Satoshi Nakamoto could they be in a position to influence node operators to expose their own network for hacks, i.e., they would not hack it themselves of course. They would only make the network less secure.In other words, can a bunch of Solana node operators be influenced by banks to downgrade their hardware and expose the blockchain for hacks?
Security audits
I have been looking for any security audits that dealt with such scenarios but found none. The 2019 Kudelski audit that though it highlights the weakness of the PoH clock frequency it does not take into account a possible interference of node operators by third parties. I
It is clear that the Solana team themselves is aware of PoH deficiencies and that's why slashing was introduced - to heavily punish any bad actors. That makes it tinkering with Solana's security costly.
Anyway, I would love to see some security audits results that are taking hardware downgrade into account. Were there any audits considering such scenarios conducted at all?
LINK Daily Technical Analysis /Outlook OCT 21 🧐🧙♂️
- LINK printed a strong bullish candle and LINKBTC is ready to provide a further bullish move. I will be expecting a bullish day tomorrow unless a black swan event takes place in Bitcoin 🧐
George Gilder tells investors: Adopt BSV, bet on the blockchain with Satoshi
All global money will migrate to the blockchain in 5-10 years, and BSV is a “dynamic Bitcoin” that has “really created a miracle in recent months.” Renowned futurist George Gilder praised BSV in a presentation to a group of investment commentators during their online “Six Predictions Summit” event—pointing out the key reasons why investors should adopt BSV, not BTC, as the solution to today’s crises in the economic and technological worlds.
Learn more: https://coingeek.com/george-gilder-tells-investors-adopt-bsv-bet-on-the-blockchain-with-satoshi/
George Gilder tells investors: Adopt BSV, bet on the blockchain with Satoshi
All global money will migrate to the blockchain in 5-10 years, and BSV is a “dynamic Bitcoin” that has “really created a miracle in recent months.” Renowned futurist George Gilder praised BSV in a presentation to a group of investment commentators during their online “Six Predictions Summit” event—pointing out the key reasons why investors should adopt BSV, not BTC, as the solution to today’s crises in the economic and technological worlds.
Learn more: https://coingeek.com/george-gilder-tells-investors-adopt-bsv-bet-on-the-blockchain-with-satoshi/
How Bitcoin Brings Financial Literacy To Everyone
Bitcoin allows us to study and comprehend money on a level that most people have never experienced.
Over the last decade, bitcoin has progressed from a niche asset to a sought-after financial tool. Today, it's impossible to ignore news about bitcoin.
How is bitcoin changing the financial landscape?
A decade after its inception, bitcoin has gradually evolved into a reliable store of wealth. The benefits of bitcoin have been well known throughout the years. Some of these traits are worth emphasizing:
- It is disinflationary because bitcoin has a finite maximum supply and there can only ever be 21 million coins in existence. This contrasts with fiat currencies where governments may create as much as they want.
- It is decentralized, which means that no central body has control over the issuance of new bitcoin nor the transfer of value across its network.
- It ensures absolute ownership; the asymmetric cryptography used to protect it mathematically guarantees that only the private key owner can access and spend their bitcoin.
- It removes third parties. Bitcoin is a genuine peer-to-peer network with no middlemen.
- Bitcoin are digital and are kept on the blockchain, making them simple to keep and transfer. Furthermore, transactions are speedy when compared to the conventional banking system.
- It is unfalsifiable. Bitcoin consists of transaction records on the blockchain that cannot be changed or counterfeited.
Bitcoin will continue to push the global economy to evolve; a solid financial literacy foundation is more essential than ever for navigating this increasingly complex environment. Bitcoin is already transforming banking and investment, and it can completely transform the economy.
If the federal government were to try to prohibit bitcoin, it would not be able to kill the technology. But it would guarantee that the American economy would lose out to international markets and investors. Suffocating innovation is never a good thing for economic success. This technology will be around for a long time and any well-organized financial literacy program should educate students about bitcoin to empower them to make their own choices. A teacher should never advise a student on whether or not to invest, whether it is in stocks, bonds, or bitcoin. The teacher's role is to assist pupils in self-education to make their own educated choices.
Bans on bitcoin are harmful to the economy and disregard individual Americans' rights to manage their own money as they see appropriate. These calls also fail to address the underlying issue: over half of all Americans live paycheck to paycheck. The government must fulfill its duty to provide every child with an education for financial responsibility. Tens of millions of ordinary Americans have invested in bitcoin as a means of accumulating real wealth. It is difficult enough for ordinary individuals to advance. It is inconceivable to believe that the government could adopt a law that would destroy all of those gains with the stroke of a pen.
Why Is Bitcoin Attracting The Youth?
Cryptocurrency is clearly drawing individuals from all walks of life. Some nations have even attempted to develop their own cryptocurrency. There is no question that digital currencies are here to stay, but one thing is certain: young people are really interested in them. Take a brief glance at the cryptocurrency market and you'll see that a significant portion of the investors fueling that economy are young individuals.
Back to the million dollar question: why are so many young people ready to spend so much on bitcoin? The following are some possible explanations for this.
Inflationary Pressures
Generation Z and Millennials have experienced significant financial insecurity.
The Great Recession happened just as Millennials were reaching maturity. Everything fell apart before these young people's eyes. They saw their parents lose their houses, jobs and sometimes marriages during the mortgage crisis. Things began to improve, but they continued to bear the wounds as the economy slowly recovered.
The issue is that the tale did not stop there. A few years later the epidemic struck and the economy collapsed once again. This time, it was not just Millennials who were affected, but also the emerging Gen Z population that was approaching maturity. Worse, the economies of many nations have been badly harmed.
Bitcoin is not linked to any one nation’s prosperity or money-printing whims, and the global economic ruin that precedes bitcoin is an example of what happens when the state controls monetary policy. This is why many young people are becoming increasingly interested in this kind of cash.
Government Mistrust
The government of a nation is in control of its economy. People put their money into administrations because they think they will receive something in return.
The reality is that people are receiving a lot in return, such as protection, state programs, infrastructure and more, but these economic crises continue to demonstrate to people — particularly young people — that the government seems hesitant to assist its people when they are struggling. The government controls the people's money purse and when circumstances become tough, only a small amount of economic stimulus was sent directly to the people.
This is a reality that young people are coming to terms with and they aren't happy about it. Many people view bitcoin as a means of bringing about freedom for everyone through its equally accessible, decentralized monetary network, and it brings about a feeling of economic justice that seems to be lacking in nations such as the United States.
In essence, young people continue to see the American financial system as one that fails them. Why should you continue to support something that continues to fail you?
The Impact Of Financial Literacy On Bitcoin Market Participation
Georgios Panos, Tatja Karkkainen and Adele Atkinson examined the impact of financial literacy on bitcoin market participation. Their key result showed that financial knowledge reduces the likelihood of owning bitcoin right now. Second, those who are financially knowledgeable are less likely to plan to acquire cryptocurrencies. Third, financially-educated people are less likely to plan to acquire cryptocurrencies in the future yet are more likely to have heard of cryptocurrencies and understand what they are.
Furthermore, they discover that people who prefer risk are more inclined to invest in bitcoin. A market must have a mix of knowledgeable investors and speculators to price effectively. This combination is critical for newly formed alternative markets, such as the bitcoin market, now open to the public.
Prices in emerging alternative marketplaces are often disconnected from their fundamentals. These markets pose an even greater danger to illiterate investors since they are unaware of the additional hazards. One example is that some financially-ignorant market players borrow to fund their bets. The researchers note that in certain instances, this may potentially jeopardize their household's financial security in the event of a bitcoin collapse . Regulators are worried about the dangers associated with hazardous investments and the risks that inexperienced investors incur. Inexperienced investors currently drive cryptocurrency markets. These investors' actions make a lot of noise. Fortunately, this is becoming increasingly relevant on the global agenda of improving financial literacy.
Conclusion
Bitcoin is causing an increase in the number of individuals to educate themselves about money, while those previously “educated” continue to ignore its progress. Investors who want to be a part of this financial revolution are learning about the flaws of present monetary policies and how to overcome them by diversifying their assets.
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