Wednesday, November 3, 2021

Subtipper has just tipped the top posts for this community! [03:15 GMT November 04, 2021]

Thanks to all posters for providing great content!

The top posts since the last payout (~1 week) have been tipped 1 US cent per vote, or 1636 sats per vote.

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

 

Winning posts:


Scam coins by u/Anen-o-me

[tip] - 847448 sats = 0.00847448 BCH = ~5.18 USD


Happy Birthday Bitcoin! by u/Egon_1

[tip] - 296116 sats = 0.00296116 BCH = ~1.81 USD


This is the 'why' of cryptocurrency by u/Anen-o-me

[tip] - 253580 sats = 0.00253580 BCH = ~1.55 USD


The price of btc pumped in early October. Someone bought 1.6 billion worth of btc in one lump on 6th October in under five minutes using tether to buy the coins on Binance, tethers that had been freshly created and deployed to the exchange a few days earlier by u/user4morethan2mins

[tip] - 237220 sats = 0.00237220 BCH = ~1.45 USD


I made a few simple Bitcoin Cash Twitter headers for the community [1500x500] by u/sikeig

[tip] - 237220 sats = 0.00237220 BCH = ~1.45 USD


Andrew Yang Reveals His Political Party Will be Pro Crypto by u/nehruulto6

[tip] - 227404 sats = 0.00227404 BCH = ~1.39 USD


Forgot my card and cash. No worries, found merchant and paid with BitcoinCasH by u/user4morethan2mins

[tip] - 194684 sats = 0.00194684 BCH = ~1.19 USD


Too good not to share! by u/fintechanalyzer

[tip] - 189776 sats = 0.00189776 BCH = ~1.16 USD


Hilarious turn of events, guys. So this erm "Lightning Network Proponent" that is very active in our subreddit, accuses us of censoring Lightning Network tipbot. It turns out the author of the bot disabled it in our subreddit himself! by u/ShadowOfHarbringer

[tip] - 186504 sats = 0.00186504 BCH = ~1.14 USD


I have been holding BCH since the BTC fork and I never sold until... today by u/blueskies75

[tip] - 137424 sats = 0.00137424 BCH = ~0.84 USD


 

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

 

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

Thanks!

Note: this payout event was triggered by block 712509, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7. The BCH price at the time of activation was $611.16


Footprint Monthly Report Who's new in the crypto market competition in October?

https://preview.redd.it/225zs3mj0ix71.png?width=1280&format=png&auto=webp&s=2cca923743e706a7593d726eabaa8764e2d9e8d1

Oct, 2021, bella@footprint.network

Data source: Footprint October Monthly Report (https://footprint.cool/FekA)

Following a volatile September, the crypto market rebounded to an all-time high in October, with DeFi's TVL exceeding $250 billion and BTC pushing past $66K.

DeFi TVL ChangeData source: Footprint Analytics

But with all eyes on rising token prices, it was easy to miss some trends and announcements that look likely to impact the market in Q4 significantly.

  • DeFi will be getting more regulated as countries announce sweeping cryptocurrency policies
  • Bitcoin ETFs attract global attention, creating positive outlook as institutional investors buy in
  • Lending market lacks clear leader as Curve and MakerDAO vie for top spot
  • Numerous new public chains see big growth shortly after launching

Read how these developments and others will affect the crypto market in Footprint's October Monthly Report.

Bitcoin futures ETF triggers new high for BTC

With Grayscale announcing a series of plans to convert bitcoin funds into spot ETFs and digital asset investment firm Valkyrie listing its bitcoin futures ETF on NASDAQ, the price of BTC climbed from $48,000 to around $60,000. On Oct.20, BTC even reached a record high of $66,000.

Investors now have very span support for the thesis that institutions will gradually purchase crypto assets. This means we can imagine a world where banks make massive whale purchases of BTC and other tokens.

BTC and ETH Price ChangeData source: Footprint Analytics

Two aspects bolsters the DeFi TVL's growth in October :

Lending market sees neck and neck competition among dominant platforms

The TVL ranking from Footprint Data shows that Aave and MakerDAO once surpassed Curve in the middle of the month to become the projects with the highest DeFi TVL, but quickly fell back behind.

As of Oct. 31, Curve was still ranked number one on the network with $19.2 billion TVL. Curve's TVL grew by 34% for the month of October and its token price reached $4.7, the highest in almost a year. MakerDAO also had a 37.68% TVL growth rate.

The data indicates that the lending market is highly competitive—with picking a favorite for market leader nigh impossible. In other words, now is not the time to put all your eggs in one basket in your DeFi lending play.

Protocol TVL Ranking(2021/10/31)Data source: Footprint Analytics

Curve Token CRV Price and Volume TrendsData source: Footprint Analytics

Small but numerous chains eat away at Ethereum’s monopoly

Since its inception, Ethereum held a near monopoly in the public chain space until Binance came onto the scene in February 2021, followed by Terra and Polygon.

Data from the past month indicate a clear trend towards further fragmentation rather than consolidation.

Footprint Data shows there are 11 public chains with a TVL growth of more than 100% in the past 30 days. Among them, Tron's growth rate was 1119%, bridging its TVL to $7.6 billion, making it the seventh chain. Other public chains such as Fantom, Arbitrum and Avalanche grew by more than 100%.

The result is that Ethereum’s market share went from 73% in August to 65% in October—and 8% drop in just 2 months.

Change of Market Share by Public ChainData source: Footprint Analytics

New kids on the crypto block in October

Newly launched chains beat expectations in October.

The TVL of Secret grew 222% as tightening regulations around public chains make blockchain users refocus on privacy. PriFi—as it’s now called—will soon become the preferred choice for crypto, and Secret, the first Chain with privacy protection, will explode. (At least, so goes the reasoning of the chain’s supporters.)

Another chain that shouldn’t be ignored is NEAR. While its 86% growth is slow compared to the month’s other breakouts, the chain’s team recently announced a huge $800 million ecosystem development fund to support NEAR-based development projects, institutions and individuals. Aurora, a NEAR-based solution to scale Ethereum dApp projects, also completed a $12 million funding round in October.

Other public chains such as Sifchain, Harmony, and Celo each had over 200% growth in October and are also noteworthy. Although the new public chains are still nowhere near as popular as the Etherchain, market share continues to divide as they present new use cases and solve problems developers and users face with Ethereum.

TVL Growth Rate of Top5 Public ChainsData source: Footprint Analytics

Summary

With the introduction of national policies around crypto in the US, China, Australia and others in September, the market briefly became volatile but a record-breaking October demonstrated we’re still riding the bull for now.

On a more long-term trajectory, the token price drop and regulations were followed by institutional support and buy-in for blockchain. While controversial amongst blockchain enthusiasts, this has created a perception of reduced market risk among established financial players. Is this the news that banks and investment firms, tired of seeing their returns blown out of the water by crypto traders, were waiting on as their signal to jump in?

October Key Events Review:

Policy and News:

  • Fed Chairman: The Fed has no plans to ban cryptocurrencies.
  • U.S. Justice Department to set up a cryptocurrency enforcement team.
  • China National Development and Reform Commission." Virtual currency 'mining' activities" will be included in the phase-out of production industries.
  • Valkyrie Bitcoin Futures ETF first-day trading volume was US$78 million, the second-highest first-day trading volume ever.
  • Grayscale plans to apply to Convert Bitcoin Funds to Spot ETFs.
  • Facebook changed the company name to Meta.
  • Facebook plans to hire 10,000 people in Europe to build a Meta-Universe
  • Coinbase called on U.S. to pass new legislation and create new regulator to oversee cryptocurrencies

Public Chain:

  • Fantom surpasses a record high of 1 million unique addresses on the chain.
  • NFT public chain Unique Network raises $11.3 million.
  • NEAR launches $800M eco-development fund to focus on the DeFi space.
  • Polygon has about 3,000 DApps on it, 62% of which are deployed on Polygon only.

NFT:

  • Coinbase to Launch NFT marketplace by Year-End.
  • Sotheby's and Future Perfect Ventures invest $20 million in NFT technology company Mojito.
  • NFT studio Candy Digital closes $100 million Series A funding round, valued at $1.5 billion.
  • OpenSea website traffic has reached the top 500 worldwide.
  • CryptoPunks' derivative NFT project PUNKS Comics surpassed $500 million in total trading volume.

DeFi:

  • SHIB market cap overtakes Polkadot and ranks 8th in cryptocurrency.
  • Ether destroyed over 700,000 pieces with a total value close to $3 billion.
  • Ethernet DeFi protocol Cream Finance suffered an attack and lost $115 million.
  • Ethereum market cap ranking rose to the 15th place among global assets, overtaking Alibaba.
  • Uniswap's total transaction volume exceeds $500 billion.

What is Footprint

Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.

Footprint Website: https://www.footprint.network/

Discord: https://discord.gg/3HYaR6USM7

Twitter: https://twitter.com/Footprint\_DeFi


Crypto Daily News from ZBG Exchange

1. Market Wrap: Bitcoin Holds Above $60K After Fed Taper Announcement

Analysts see further upside despite lower trading volume.

Bitcoin traded in a choppy price range on Wednesday as traders reacted to the U.S. Federal Reserve’s plans to taper its $120-billion-a-month in bond purchases.
The unprecedented amount of buying by the Fed as part of its monetary stimulus plan known as quantitative easing (QE) provided a tailwind for financial assets, such as cryptocurrencies, deemed by the market to be risky. But lower liquidity as a result of the tapering could encourage investors to reduce their exposure to crypto and other risks.
Bitcoin’s price fell by about 5% during the announcement by the Fed’s policymaking Federal Open Market Committee in its post-meeting statement, but buyers were quick to step in around the $60,000 support level.
Analysts remain bullish on cryptocurrencies, but some have pointed to declining trading volume as a sign of slowing upside momentum in prices.
“We haven’t even seen an episode of FOMO (fear of missing out) yet, so the sharpest bull-run part of the rally is yet to come,” Alex Kuptsikevich, an analyst at FxPro told. “Despite BTC’s very sluggish performance in recent days, what still draws attention is the apparent support on dips,” Kuptsikevich wrote.

Latest Prices

Bitcoin (BTC): $62,997.19, -0.64%
Ether (ETH): 4,630.40, +2.78%
S&P 500: 4,660.57, +0.65%
Gold: 1,772.56, -0.83%
10-year Treasury yield closed at 1.596%
Bitcoin rally on low trading volume
Trading volume in the bitcoin spot market continued to decline despite bitcoin’s price rally over the past month. The chart below shows the seven-day average BTC trading volume, which is down almost $1 billion from the previous week, according to data compiled by Arcane Research.
But some analysts expect higher trading activity if BTC rallies through the end of the year.
“The trading volume has decreased substantially since bitcoin hit an all-time high on October 20, and it should increase considerably if bitcoin is to challenge its all-time high again soon,” Arcane wrote in a Wednesday report.

2. Coinbase Users Can Borrow Up to $1M With Bitcoin as Collateral

The crypto exchange’s customers can obtain cash via their PayPal or bank accounts.

Cryptocurrency exchange Coinbase is now allowing customers to borrow as much as 40% of their bitcoin value up to $1 million with no credit checks, the company tweeted on Tuesday.
The borrowing minimum and maximum amounts may vary by state, Coinbase added.
The loans will be issued with an annual percentage rate of 8%, and borrowers won’t be required to show credit checks, Coinbase said.
Customers can obtain the cash using their PayPal or bank accounts. They will need to make minimum $10 monthly interest payments, and Coinbase is offering flexible repayment schedules.
Coinbase said that it won’t lend or otherwise use the collateralized bitcoin but instead continue to hold it.
Earlier this year, Coinbase dropped plans for a crypto lending product after the U.S. Securities and Exchange Commission raised concerns. The lending product was supposed to power a crypto savings account that would earn customers a 4% annual percentage yield (APY), a return that’s multiples higher than most savings accounts at traditional banks.

3. Crypto Exchange Kraken Fails to List SHIB, Despite Promise

The San Francisco-based exchange may have underestimated the power of SHIBArmy.

Crypto exchange Kraken has failed to fulfill a promise it made on Twitter to list popular meme token shiba inu (SHIB) once the idea had received enough “likes,” upsetting its large community of supporters.
The San Francisco-based crypto exchange tweeted on Monday that Brian Hoffman, its crypto platform product lead, said Kraken would list shiba inu on Tuesday if the tweet received 2,000 “likes.” At press time, the tweet had received more than 77,000 “likes.”
However, as of Wednesday, SHIB is still not available to buy and sell on Kraken, and in a follow-up tweet, the exchange wrote that while they’ve heard SHIB’s supporters “loud and clear,” there is “more work” for them to do as they move through their listing review process. Kraken did not further clarify when or if it would list SHIB.
When reached for comment, Kraken said it had nothing to add beyond what it had already tweeted.
The event has triggered plenty of anger on social media, with Twitter user @Rogersnith10 tweeting: “Don’t tweet false promises in future it really doesn’t give any investors confidence in your platform, you have lost me as lifetime customer now.” The tweet has received almost 1,400 “likes.”
While SHIB’s trading volume is mostly concentrated on decentralized finance (DeFi) trading, it has been extremely popular among retail investors on major centralized exchanges. At the time of writing, Binance, Coinbase and OKEx are the top three exchanges with the most SHIB trading volume, according to CoinGecko.
SHIB was recently changing hands at $0.00006433, down 6.5% in the past 24 hours.

4. Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets

The $120 billion of monthly bond purchases has provided a tailwind for bitcoin as investors see the cryptocurrency as a hedge against dollar debasement in the face of ultra-loose monetary policies.

The U.S. Federal Reserve announced plans to taper its $120-billion-a-month in bond purchases, taking the first step toward winding down a post-coronavirus money-printing program that has inspired many investors to buy bitcoin as a hedge against inflation.
The Fed said Wednesday in a statement that it will reduce the pace of asset purchases by $15 billion a month starting this month. Purchases of U.S. Treasurys will drop to $70 billion a month from $80 billion, while purchases of government-backed mortgage securities will decline to $35 billion a month from $40 billion.
Under the plan, the Fed will continue to wind down its purchases by $15 billion every month until the program concludes during the middle of next year.
“The committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the Fed’s monetary policy committee, known as the Federal Open Market Committee, or FOMC, said in the statement.
The asset purchases — a form of stimulus funded by newly created money, known as “quantitative easing,” or QE — have helped to more than double the size of the Fed’s balance sheet since March 2020, to about $8.6 trillion as of last week.

5. Binance Funds $116M Initiative to Grow French Crypto Ecosystem

The world’s biggest crypto exchange has teamed with nonprofit French Fintech to build a research hub and accelerator.

Crypto exchange Binance and French Fintech, a nonprofit focused on promoting financial technology in France, have launched an initiative to support the development of the French and European blockchain and cryptocurrency ecosystem.
As part of the initiative, called “Objective Moon,” Binance will provide €100 million ($116 million) to establish a research and development hub in France that will recruit talent from across Europe.
The money will also create a decentralized ledger technology (DLT) accelerator to help fuel startup growth and build out the ecosystem in France and Europe.
Lastly, an online education program aims to develop crypto and blockchain talent in the region. French Fintech and Binance have teamed with crypto security and infrastructure company Ledger on the program.
“At Binance, we recognize the quality of French and European tech, crypto and blockchain talent, and we are convinced that with the launch of Binance’s major operations and investment in France, we can significantly contribute toward making France and Europe the leading global player in blockchain and crypto industry,” said Changpeng “CZ” Zhao, founder and CEO of Binance, in the press release.

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

November 4, 2021


The aftermath of The Flippening

I've done a great deal of thinking about The Flippening, and what will happen directly afterward. This event will represent a fundamental shift in how major players see Blockchain and its future. I'd like to share some predictions, if I may.

But, before we get to what happens after, let's look at how far we have come:

  • Turing Complete Blockchains Work.

At the start of Ethereum's development and launch, BTC maximalists cast doubt about whether it was even possible to use blockchains in this way. "It won't work", they said.

  • Implementation risk can be managed

We have developed rigorous security audit best practices and pioneered correctness proofs for smart contracts. There are contracts that handle enormous sums of money on a daily basis. "It will never be secure", they said.

  • Mining interests have been tamed

The interests of Miners, which are often not aligned to those of the users of the network itself, have been successfully tamed on Ethereum. The users have asserted control over how the network will change and grow. "The miners won't allow PoS to happen", they said.

  • Energy Waste has been solved

The PoS fork will reduce Ethereum's energy footprint from 25.754 GWh annually by 99.95%. "Proof of Work is necessary to secure blockchains", they said.

  • Use cases exist

As recently as 2 years ago, there were claims that no use cases exist. DeFi and NFT markets have consigned that idea to the dustbin. As for the next use cases, we may not know what they will be, but we don't have to know. The composability of the smart contract ecosystem allows ingenuity to flourish, and there is untold wealth waiting for those who can dream big and deliver. The apps will come.

  • The Banks and Hedge funds are here

Big Money has arrived and after watching carefully, has entered the space. They began dipping their toes over the last year, and they are getting ready to wade all the way in. Perhaps they are already doing so. They are watching everything that happens and looking for the right play, trying to pick the big winner. They have watched crypto investors enjoy 50x to 100x gains. You can bet that they also want their 30x.

  • Government has no interest in shutting us down

Although China finally decided to take the power of blockchain away from its citizens, the rest of the world has recognized blockchain tech as an asset to society at large and to industry specifically. Governments are not willing to allow blatant lawbreaking on blockchain platforms, but they are not moving to shut us down. The era of embrace and regulation has begun.

  • Ethereum can scale

Until this summer, the narrative that Ethereum cannot scale was rampant. Now, we see a dozen rollup L2 networks that are all competing freely to provide the best service to the users. At this very moment, the community is onboarding these networks, and enjoying use of Ethereum at high speeds and drastically reduced cost.

This, I believe, was the final straw.

Bitcoin is simply no longer interesting, and feels like a dated technology. It does not change. There's nothing new coming from it, and when you see everything that's happening elsewhere, it's really a disappointment.

Some people use the metaphor "digital gold" for Bitcoin, but it doesn't really deserve that name, because gold has been around for aeons. Bitcoin has been around for 11 years. It does not have the property of profound historical weight. It does not have the property of resistance to value fluctuations. The narrative is "store of value", but it doesn't seem to be a great fit for that purpose.

So, if Bitcoin isn't storing value as well as it's supposed to, it has defined itself as being completely resistant to evolution and change, and most importantly, if Bitcoin's value proposition comes entirely from its market position and first mover status, where does that leave it after a Flippening Event?

My guess would be that the spell will be broken, and Bitcoin will wither away to rank 3 or 4 on the market capitalization charts, and probably stay there for a very long time.

Ethereum will become the new undisputed leader in terms of market capitalization. The new equilibrium will favor Ethereum's market dominance to an extent only enjoyed by Bitcoin in its youth.

The biggest losers in the aftermath will be the dozen or so "Ethereum Killers", whose developers will abandon them to work on Ethereum based projects.

Ethereum compatible projects, especially ones that have a unique value proposition, will do very well.

And then what? I wouldn't care to guess.


List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

 

https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal

 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.

 

NEXT DAY UPCOMING EVENTS


 

General

Stox(STX) Explorer Guild NFT Launch November 3, 2021
YOU COIN(YOU) UDEFI Mainnet Launch November 3, 2021
VIDT Datalink(VIDT) LunarCRUSH Live w/VIDT November 3, 2021
PlotX(PLOT) PlotX Diwali fireworks November 3, 2021
Unifi Protocol DAO(UNFI) Fireside Chat November 3, 2021
PolkaBridge(PBR) Multichain AMM Launch November 3, 2021
MobieCoin(MBX) Discord AMA November 3, 2021
Automata(ATA) Telegram AMA November 3, 2021
StarShip(STARSHIP) BitMart list StarShip November 3, 2021
Kommunitas(KOM) AMA with Monopolist November 3, 2021
MoonFarm Finance(MFO) Farm single NEAR get NEAR November 3, 2021
Trava Finance(TRAVA) Lending Pool On FTM November 4, 2021
MoonFarm Finance(MFO) Farm BANANA get BANANA November 4, 2021

 

Exchanges

Creditbit(CRB) Coinsbit Listing November 3, 2021
Onix(ONX) XT.COM Listing November 3, 2021
WazirX(WRX) KuCoin Listing November 3, 2021
Tokocrypto(TKO) KuCoin Listing November 3, 2021
TORG(TORG) Bitforex Listing November 3, 2021
SMD Coin(SMD) LBank Listing November 3, 2021
Cardence($CRDN) PancakeSwap Listing November 3, 2021
Empire Token(EMPIRE) XT.COM Listing November 3, 2021
Mello Token(MELLO) BitMart Listing November 3, 2021
SpiritSwap(SPIRIT) MEXC Global Listing November 3, 2021
Bagus Wallet(BG) XT.COM Listing November 3, 2021
Sola Token(SOL) Bitforex Listing November 4, 2021
SokuSwap(SOKU) Cointiger Listing November 4, 2021
MiniFlokiADA(MFLOKIADA) LBank Listing November 4, 2021
Quid Ika(QUID) LBank Listing November 4, 2021

 

Software/Platforms

MobieCoin(MBX) IOS Mobie App Launch November 3, 2021
Zignaly(ZIG) Wallet Launch November 3, 2021
Peachfolio(PCHF) Peachfolio Price Alerts November 3, 2021

 

Blockchains

Allbridge(ABR) BlockchainUA Kyiv November 3, 2021
General Event(CRYPTO) NFT BUSAN 2021 November 4, 2021

 

Conferences

Bitcoin(BTC) TABConf 2021 November 4, 2021

 

 


We Might Not See A Bull Run This Time Around

Back in September, I made quite a bit of posts stating that Bitcoin will go on a run in October/November when Bitcoin was at around 42K or so. And I also predicted that in November/December, Bitcoin will probably get to 100K, prompting an altseason that would culminate this season. Now, I am having second thoughts and might think that we are near the end. Couple of reasons.

  1. For there to be a bull run, Bitcoin has to go on a massive run first. It would be akin to what we saw when Bitcoin went from 40 to 67K with most of the alts bleeding in SATs. However, this Bitcoin run has stalled (which in itself is not a warning sign) and alts have quickly recovered (too fast , imo, which is a warning sign) with Bitcoin dominance still at low 40 percent. Contrary to what your portfolio might tell you, alts recovering this fast in midst of what is supposed to be a bull run is not necessarily bullish long-term.
  2. I think what is going on is that the retail investors (people like you and I) do not have much appetite for Bitcoin. In the previous runs, it was the retailers that FOMOed in late in the game and their predicted entrance allowed the whales to pump up the market so that the retailers would be holding the bags at the top. However, I think the analysis is that retailers are not FOMOing into Bitcoin so they will not be holding the bags if Bitcoin goes to 100K or so. It is the (a) seemingly high price tag of Bitcoin and (b) expected more gains from alts that are leading to retail investors away from Bitcoin. And this lack of enthusiasm probably means that the whales will not be "eager" to continue this run by buying in at this 60-90K range. I mean, who will be holding the bags if they are buying high?
  3. It is becoming more of a common knowledge that there is the following sequence of events: (1) Bitcoin goes on a solo run (2) Bitcoin stalls (3) altseason (4) bear market. It is almost like a formula and this is what happened in 2017 as well as 2020/2021 May. Because this information is so common, it won't be easy this time around. I mean we have a full blown altseason, a lot of the retailers manage to sell near the top, and they aren't bag holding. How likely is this? I think because this "formula" is so pervasive, the rules of the games are changing. Remember, when a cycle is over, it is always the retailers (people like you and I) that are left holding the bags. And if the "formula" is so obvious to everyone, then these sequence of events will not happen.

This is not to say that there won't be a run in November/December. It is possible that in the next couple of months, Bitcoin goes to 100-120K, there is an altseason, a lot of people on the Cryptocurrency reddit forum sell right at the top after the altseason, and whales/miners are left holding the bags. It is possible, but how likely is this?


Stale baguettes: Oldschool Runescape's Bitcoin?

Here is the Wiki's graph for Stale baguettes, possibly the most important investment item I've ever stumbled upon (I suggest you get a full view by clicking "all" on the zoom level).

Most people already realize that Stale baguettes take an unholy amount of time (on average) to obtain on any account, but few realize just how true that is. With at most a 1/256 chance from every Quiz random, who each have a 1/23 chance to appear each time a player gets a Random event, which happens roughly every 2-3h (they tend to spawn less often) of regular gameplay... we already get 14,720 hours (force spawning is not considered efficient, as even reducing grind time to the absolute minimum number of hours would still take >1,000 hours on average, making it unviable). Those are essentially considered ideal conditions: every Quiz reward selected is a Mystery box, every Quiz random is accepted and completed. The reality is much different... zones like the Grand Exchange and some banks, Godwars Dungeon and instances don't allow the spawning of random events. Even in the right areas, the vast majority of Quiz randoms are dismissed or ignored.

This lead me to ask myself a question: "Why the hell are they so cheap?" Either I made several mistakes in my calculations (seems unlikely, especially since I used the most conservative parameters possible), or the literally nobody has spotted this. Even using ridiculously conservative numbers... looking at active users as far back as the game's release... assuming people did their Quiz randoms... we're talking about 10,000 supply in game max, likely less than half of that with much of that supply held in accounts that are no longer active... So I started buying some baguettes and I made my first post about them.

Honestly, I didn't think the economics would work so damn well. It's crazy that they weren't spotted much, much earlier as one of the few items with potential to become a "semi-rare" (since it's purely based on the massive aggregate hours of the community and virtually impossible to farm solo). Any large-scale farm would have to create thousands of accounts to obtain reliably, which is fairly easily thwarted by Jagex and not worth the computing power in the first place. So, I wouldn't be surprised if they remained in the millions and kept appreciating for quite a while.

There are more of these semi-rares of course, namely 3rd age weapons and druidic, even lots of other clue uniques if you calculate the average time involvement for one is also in the tens of thousands of hours, but as we all know they've been in price discovery mode for much longer and thus have realized a lot more of their potential. Being semi-rares, unless the game legitimately dies they'll likely keep their value to some extent and appreciate over the long term. However, a big problem is that the vast majority of these clue uniques have much of their rarity 'dissolved' in that players tend to 'bundle' their perceived rarity together (in other words, specific Master or Elite clue uniques may be rare, but the tier itself is so wide and varied that getting a unique itself is not perceived as rare).

After you cross a certain threshold rarity and price alone confer a certain prestige by itself to some items (see 'Investor Psychology and Asset Pricing' by David Hirshleifer), so I think it'd be fair to say that we can treat semi-rares a little bit like a decentralized currency. After all, the time and effort it takes to complete Master clues, or get and do Quiz randoms, is very similar to Bitcoin's Proof of Work model in which separate nodes have a chance to prove their commitment and get a chance at a block reward in exchange. The underlying asset then relies on a natural demand for money that doesn't depreciate to essentially establish a shelter from inflation (in this case: an inflation of gold supply, coupled with a much larger inflation of gear supply).

With Stale baguettes, issue rate is always the same: it's roughly proportional to the active population, so a spike of new players who can now passively farm it would (we assume) also result in a similar increase in demand (as we've established a spike of accounts created to farm baguettes is not economically feasible). The only thing they're missing would be the ability to use a hammer on a Stale baguette to acquire 1,000 Stale breadcrumbs, in the spirit of becoming more accessible as a currency!

So, there it is. My goal was originally to make some money, but I think I'll hold my collection for eternity instead. I've only bought like 10 in the last several months and they've continued to explode. I may never own an actual BTC, but I'll be a baguette whale forever!


Unpopular Opinion. I (potentially) found a unique opportunity that nobody is talking about and could become a Black Swan Event

Ok, No Hyped rocket ships, but I want to run something by you guys.
What would the perfect Crypto coin look like?

Seriously. Think about it.

  1. BTC is the grand daddy but is slow
  2. MEME coins could be argued as a passing fad.
  3. ETH has its place, but also has its negatives.

Imagine a coin that is completely decentralized; every token in existence is owned and controlled by the Community that supports it.

I mean truly decentralized.

The supply is fixed. And there is no central figure or organization.

No more coins can ever be created; the minting keys are burnt. As a result, the price can't be controlled by developers, or a foundation, or a vesting schedule, or some sort of computer algorithm; instead, intrinsic value is determined by old-fashioned economics - supply and demand. It would have to be cheaper than bitcoin and faster than ethereum; in fact, it would have to be demonstrably better than any other top ten coin.

In summary, it would be the purest, fastest, cheapest, most-democratic medium of exchange the world has ever known, and it would be all that right now - in the year 2021.

Now, the problem with such a cyrptocurrency is no one would actively develop it; there's no fiduciary interest in simply creating coins, then releasing them. No one ever got rich, or even kept their job, by wasting resources. But what if the special circumstances of a black-swan event compelled the developers to make decisions they wouldn't normally make?

Well, they did.

And what if those decisions inadvertently created a coin with no owner, no foundation or governing body, no one who could or would manipulate the price?

And they did that Too.

Don't only the harshest circumstances, the most severe, acute conditions, typically create the purest, rarest, most beautiful objects on earth?

They did, and they do, because the cryptocurrency TITAN i(IRON TITANIUM COIN) is as pure, rare, and beautiful as a diamond.

It's a completely decentralized, entirely vested, fixed supply coin that runs on the Polygon Network, so it's cheap, fast, and reliable.

The Black Swan Event

Originally developed by Iron Finance as part of their collaterized stablecoin project, its value crashed from $65 to $.00000002 in ONE DAY after some sort of "bankrun" occurred in decentralized finance. In a marketplace accustomed to drama and uncertainty, it was possibly the most dramatic, most catastrophic collapse in the short history of cryptocurrency:

As a result of this collapse, Iron Finance severed their relationship with TITAN forever, determined to start again. They renounced ownership of the coin, and burned the minting keys.

https://twitter.com/IronFinance/status/1410527504079654912

They simply abandoned it, let it go. And now it simply exists - as big, wild, and free as the most ardent cyberpunk's dream. It's an outlier, exceptional not for what it once was, but for what it has become.

And that's the most fundamentally perfect form of democratic cryptocurrency the world has ever seen.

The Opportunity or Why Should You Care?
Today (3 NOV) the coin is trading at $0.00000100

(you want to look up the TITAN, Iron Titanium coin, not the other TITAN)

The highest it ever traded at was $64.

With the burnt keys, limited supply, a huge opportunity awaits.


Its not covid stopping Aaron Rodgers from playing but because of what he did yesterday.

Within the last 24 hrs the biggest news on Aaron Rodgers is not Covid or him not being allowed to play on Sunday. It's that he just announced a partnership with Square and that he will be taking partial salary in Bitcoin.

Why does this matter? Bitcoin is currently seeing large inflows and mass adoption from financial institutions, governments, and hedgefunds. They are realizing the power it will hold in the future against rising inflation. By banning Rodgers from playing in one of the most anticipated games (Rodgers Vs. Mahomes) they are keeping the story of Rodgers Bitcoin adoption from the masses so that they can keep the price subdued to increase their positions.

Currently Bitcoin is sitting just under its All Time Highs, and we are seeing a price shock with liquidity drying up to 2017 levels. IE there is more demand than is able to be mined or bought. The big money needs time to enter without setting off their positions and sky rocketing price. They also need less news to keep the average retailer from catching wind of whats to come. (See PlanB's Price Model predicted the price of bitcoin 4 months in a row now)

The big players know they will only be able to subdue the price for so long. Look at China's attempt to ban it. The algorithm for mining was made for such an event in mind with its ability to naturally adjust its hash rate to keep bitcoin going and halving the total bitcoin mined every four years. Eventually they will not be able to stop the price from increasing. Mastercard and Visa are planning for this by building their payment platforms on ETH and banks are now opening up their acceptance to crypto.

Do not sell your bitcoin. It is energy incarnate and a deflationary asset. Expect to see more news coming this month as 98k is predicted for the end of November and 135k+ by end of year. The fed announced today that it will not be increasing interest rates until 2022 letting inflation run rampant. Supply shortages are here to stay, and we will be in the virtual soon where digital assets will be worth more than their real counterparts.


📀 World's First Watch-To-Earn Platform | 🍿 Earn Money Watching Videos ! 🚀 Founder-Sale Coming Soon !

GoldTube Founder-Sale Coming Soon! Join GoldTube Telegram Channel to Find Out More!

🎬 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 2 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

GoldTube

Twitch

Twitter

Facebook

Reddit

Instagram

TikTok

Telegram

Telegram Announcement Group

Discord

Vimeo

GitBook: Whitepaper

Email Us : [admin@goldtube.io](mailto:admin@goldtube.io)

Thank You For Reading!
Earn Money Watching Videos!


📀 World's First Watch-To-Earn Platform | 🍿 Earn Money Watching Videos ! 🚀 Founder-Sale Coming Soon !

GoldTube Founder-Sale Coming Soon! Join GoldTube Telegram Channel to Find Out More!

🎬 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 2 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

GoldTube

Twitch

Twitter

Facebook

Reddit

Instagram

TikTok

Telegram

Telegram Announcement Group

Discord

Vimeo

GitBook: Whitepaper

Email Us : [admin@goldtube.io](mailto:admin@goldtube.io)

Thank You For Reading!
Earn Money Watching Videos!


📀 World's First Watch-To-Earn Platform | 🍿 Earn Money Watching Videos ! 🚀 Founder-Sale Coming Soon !

GoldTube Founder-Sale Coming Soon! Join GoldTube Telegram Channel to Find Out More!

🎬 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 2 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

GoldTube

Twitch

Twitter

Facebook

Reddit

Instagram

TikTok

Telegram

Telegram Announcement Group

Discord

Vimeo

GitBook: Whitepaper

Email Us : [admin@goldtube.io](mailto:admin@goldtube.io)

Thank You For Reading!
Earn Money Watching Videos!


Bitcoin – needle in the haystack technology

“Entropy is what makes a bitcoin your bitcoin”

https://preview.redd.it/ha0j1vudubx71.png?width=2356&format=png&auto=webp&s=39ab3fcd2fb81447001e6f95e60c9b9fdff420f8

Your private key is a needle in the haystack.
Well actually that’s not true, your private key is a really big and random number.

So 1st of all why is it a number? Well because everything that’s on a computer is a number.

Ok, but why does it have to be big?

Well, let’s say my private key is a number between 1 and 10. If you want to guess it, you have a 1 in 10 chance of guessing it. Which is pretty bad for me.
And if you’re a bit zealous it would only take you 10 tries to go through all the possibilities to guess my private key.

Now let’s say my private key is a number between 1 and 115 quattuorvigintillion, things are a bit different.
What is 115 quattuorvigintillion?
That is 2256, and this is the upper limit of the number I was talking about and to put it more into perspective this is how many atoms there are in the visible universe.

So if you would want to go through all the possibilities of all the private keys to guess my private key that would take you about 500 years.
And that is great because this process is very time-consuming, like finding a needle in the haystack.

So your private key is like the needle in the haystack, more precisely the position of the needle in the haystack.

If you put your needle at the top of the haystack, anyone can find it.
If you put it in the corner of the haystack, someone might look there and also find it.
So if you put in a position that is pretty obvious, someone will guess it with ease. 

But if you would put it in a random position, the only way someone could guess the position of your needle(aka your private key) is by going through all the hey in the haystack, which could take a long time.

Luckily you don’t have to worry about this and your wallet takes care of all these things.

RNGs – Random Number Generators

Your Bitcoin wallet is the instrument you use to interact with the Bitcoin network.
It has 3 main functions:

  1. It generates the private keys
  2. It stores the private keys
  3. It signs transactions

And depending on what specific wallet you may be using it may include other functionalities.

I’m sure you learned by now from your past relationships that it does not matter how hard you try in the present or even if she’ll do anal once a week if the whole thing had a bad beginning.

The same holds true for cryptography, and more precisely for the security of your Bitcoin keys.
If your private key was not generated randomly[1] and privately, there is a decent chance you may lose all your coins, and even more, it can nullify future efforts you put into securing your Bitcoin.

The private part is up to you, but the random depends on the software and hardware you trust.
So what’s so hard?

Well, computers are deterministic machines, meaning they will do the same thing if you give them the same input.
Example.
When I type in xhamster.com in my browser, it takes me to xhamster.com every time[2].
This is great because this is why we use computers in the first place because they are reliable, but this means they are NOT capable of producing random outputs.

Yeah, but cryptography is not only used to secure Bitcoin, in fact, its used all over the place, so clearly we must have solutions that provide use random numbers.

Indeed.
We have, and they are called Random Number Generators.

Of which there are of 2 types:

  1. Pseudo RNGs
  2. True RNGs

PRNGs – Pseudo-Random Number Generators

https://preview.redd.it/pstv36fnubx71.png?width=672&format=png&auto=webp&s=0ad02da0cbc40a3b1a373b4040f600dfaa20c8de

The Pseudo ones are like fake boobs.
They may look real for a distance, but on close inspection, it’s obvious they are fake.

These are pretty much an algorithm, a piece of software that spits out multiple numbers.
These numbers are uniformly distributed, and if you have a few of them you can NOT guess future ones.
Uniformly distributed means that if you chart them they are all over the place, and dont concentrate in one area.

Remember the needle in the haystack.
We dont want possible private keys to show any specific patterns or predictability.

Numbers from a Pseudo-Random Number Generator plotted.

They are useful as they are fast and reliable, and they are used all over the place.
The operating system on your phone and computer uses them all the time.

So the way these pseudo RNGs work is that they are a function(recursive most of the time) that needs an initial term T0.
The same way the Fibonacci sequence needs the 1st term.
Depending on this term you will get different sets of uniformly distributed numbers.

But remember this is a deterministic process that runs on a deterministic machine, so if someone gets this initial term, they will all be able to generate the same numbers as you, and possibly guess your current and any future private keys you may generate.

Ok, so where do we get this very important 1st term from?

TRNGs True Random Number Generators

The answer is True RNGs.

https://preview.redd.it/ehljcxb0vbx71.png?width=522&format=png&auto=webp&s=26af5bf0549c51dcadbcb3eae00556575a1cc20a

What makes these ones "true" as opposed to "pseudo", is the same thing that makes boobs real as opposed to fake.
The fact that they are natural.

Tru-RNGs are hardware-based and digitize chaotic events from nature in order to produce random numbers.
They often focus on physical phenomena like atmospheric noise, magnetic noise, or electromagnetic or quantum phenomena like thermal noise or avalanche noise.

The numbers outputted by a TRNG will also be uniformly distributed, lack patterns, and are totally unpredictable, but there are 2 differences.
There is no T0 and there is no algorithm behind them.

If we take 2 data sets one from a PseudoRNG and one from a TrueRNG you can’t distinguish between the two.
The only difference is that one is random and one is not.

As John von Neumann famously put it.

https://preview.redd.it/6ottvag3vbx71.png?width=501&format=png&auto=webp&s=e68a966a2d38d2528065f98a1c878e23d9188434

As with anything in life, there are tradeoffs, and even though the true ones are truly random, they are usually slower, and if not slower very expensive.
And as with any physical device living in the physical world, it can break down and/or become unreliable.

So are the true random number generators better than the pseudo-random number generators?

Well is a wife better than a table?
Even though one is more useful than the other, the question does not make sense.

https://preview.redd.it/0ecrsk36vbx71.png?width=1002&format=png&auto=webp&s=09bcb6b1d4bc1ebb852c19d68e9e7b0426cd05d6

Entropy

You can’t measure randomness.
You can observe a process and understand how it works and draw the conclusion that it is random or not.

But considering we are talking about numbers, after all, can’t we measure the numbers?
Of course, we can say 8008 > 1234 but saying that 8008 is more random than 1234, would not make any sense.

Whenever the topic of randomness is mentioned, entropy comes up very often, and depending on the context it can mean different things.

The physics context

The term comes from Thermodynamics and it has to do with measuring molecular randomness, or in how many ways you can arrange the tiny things that make up something.
And is used to express the 2nd Law of Thermodynamics.

“The entropy of isolated systems left to spontaneous evolution cannot decrease, as they always arrive at a state of thermodynamic equilibrium, where the entropy is highest.”

The information theory context.

In 1948 Claude Shanon((Who was a crazy motherfucker! )) wanted to measure information and published a paper called “A Mathematical Theory of Communication”, which pretty much give birth to this field.
He popularised((But not come up with as he "stole" it from John Tukey)) the bit as the most minimal unit of information.

A bit can either be a 0 or a 1, something or nothing.

He started thinking about how many questions does he need to ask in order to guess all the digits of a string.
Let’s say we have an 8 digit long binary number. Binary means that each digit can either be a 0 or a 1.

So how many questions do you need to ask me in order to guess my number?
Well for the 1st character one question.
You ask me is it a 0, and if I say no, you know it’s a 1.
What about the 2nd character, the same.
So in order to guess all the 8 characters, you need to ask me 8 questions.
So the entropy of the string is 1 bit per character times 8 characters = 8 bits.

This is true only if you dont have any information about my string, let’s say you somehow found out that 4 of the digits are 1s, then you would require fewer questions.
And of course, this gets more interesting and complicated when we have more options for each character, but for Bitcoin private keys, we keep everything in binary form.

Also in the paper, he estimated that the entropy of written English is between 0.6 and 1.3 bits per character, which is very low, and this is why it compresses so well((The higher the entropy is in a bitstring the less it can compress. Kinda makes sense as there are no patterns.)).

So higher entropy would mean more secure, no?
Well, not necessary.
This does bring us closer to what we are interested in but not quite there.

The cryptographic context.

You see Cryptography is just adversarial math.
Meaning that we always frame stuff by how hard it’s for an adversary to guess the secret or alter data.

The way modern((Modern meaning after 1883 after Kerckhoffs formulated his 6 principles)) cryptography works is that everyone knows the algorithms we use, but none one knows the entropy.
Like in Bitcoin everything is open-source, we know how every little thing works, and that’s great because that’s why we also trust the code because is auditable, but everyone’s, private keys are private and entropic(hopefully).

So good entropy would mean it’s hard(it will cost a LOT of resources) for an adversary to guess your secret, or in our case the Bitcoin private keys.

Good entropy has 3 characteristics:

  1. Unpredictability, which is a measure of how strong the non-computability of the bits in the sequence is;
  2. Uniform distribution of the bits in the sequence;
  3. Lack of patterns in the sequence.

It is worth pointing out that 3 implies both 1 and 2.
However, 1 does not imply 2.
And similarly, 2 does not guarantee 1.

But not all entropy is equally important.

Some people use entropy to make simulations of the universe(or for video games) and they don’t need cryptographically secure entropy, because they dont have any adversaries to worry about.

So what is the actual difference between Shanon’s entropy and cryptographic entropy, seem to be the same?

Well, it is not.

For example, we can take the very well-known constant Pi.

Pi is a number that goes on forever, and to date, we calculated about 62.8 trillion((To put it into perspective this is 3 times more than there are blood cells in the human body.)) digits of it.
The sequence of digits of Pi has all the proprieties listed above, but if we use that as entropy for our private keys, it’s trivial for anyone to guess.

The key difference is that generating the digits of Pi is not a random process, and it can be replicated by anyone with a computer, so from the adversarial POV, even though the entropy checks all the boxes, it would not serve as cryptographically secure entropy.

Ok, ok, but we are talking about Bitcoin here.
This can((will*)) be worth millions in the future, and I might even want to pass it on to other generations, so as entropy is so important what is the best entropy for my Bitcoin private keys?

Well, that sounds like a great subject for a future post.


MtGox restition plan vs BTC price for november

Dear fellow Bitcoiners,

I consider myself a long-term investor for all the technical, idealistic & financial reasons that many of you are probably sharing as well. But I worry about too much enthusiasm around the future potential price appreciation nowadays. I’d like to discuss one contextual, temporary but none the less historic and massive event that will happen soon and that could put some downward pressure on the spot price.

For those of you who’ve been in this long enough, MtGox Exchange closed transactions 25th feb 2014 following a massive hack and hundreds of thousands of bitcoins lost and has since been followed by a 8 years legal development aiming at returning former customers what could be « saved » (apparently 200k BTC). At the time of the hack, a BTC was around 550USD/coin. Those former customers are now looking at <100x gains.

In October 2021 this rehabilitation plan was approved and the next steps in November will be the restitution of those bitcoins.

Now, unlike what some may think, the spot price isn’t defined by the market capitalization, but by the depth of the order book and the number of available coins on exchanges. We can see that a relatively low difference in supply (200k BTC delta between July 20th and now on exchanges) can lead to a huge spot price difference whether appreciation or depreciation (30kUSD/BTC to 60kUSD/BTC).

Now, I feel like if even half (100k BTC) of those MtGox bitcoins are sold by the former customers to secure profits we could see a pretty heavy pressure on price at some point.

I wonder how you folks feel about that and if this makes any sense for you or if I missed something important that would invalidate my take on this situation.

In any case, that is no financial advice, and remember not to ever invest more than what you’ll willing to lose.

Cheers & HODL FTW.


Bitcoin Eyes Fed Meeting After Biggest Monthly Price Gain Since December 2020

https://preview.redd.it/9zuhttiobdx71.png?width=940&format=png&auto=webp&s=137aa8bb2357bc60e002e14d4837582b4d37b062

Goldman Sachs has moved forward its projection for the first Fed interest rate hike to July 2022.

Bitcoin’s October rally appears to have put the cryptocurrency on a firm footing ahead of central bank meetings in the U.S., U.K., and Australia to assess the stickiness of inflation and determine policy response.

The top cryptocurrency rallied nearly 40% in October, hitting a fresh record high of $66,975 as investors cheered positive seasonality and the launch of futures-based bitcoin exchange-traded funds (ETFs) in the U.S. That was the biggest single-month percentage rally since December 2020, according to CoinDesk data.

While key indicators favor a positive follow-through in the coming months, it may not be a smooth ride if the impending scaling back of stimulus, also known as the taper, by the U.S. Federal Reserve (Fed) and other major central banks rocks equity markets.

“Bitcoin bullish sentiment remains at fever-pitch, highlighted by NFT. NYC [the annual non-fungible token event] whipping the financial capital into a frenzy,” Jehan Chu, managing partner at Hong Kong-based Kenetic Capital, told CoinDesk in a WhatsApp chat. “[However], if public markets falter on the back of Fed bond purchase tapering, BTC could be dragged into a small correction after breaching all-time highs last week.”

Wednesday’s Fed meeting is widely expected to conclude with policymakers announcing plans to begin tapering the monthly $120 billion in asset purchases that have triggered unprecedented risk-taking across all corners of financial markets over the past 18 months.

Analysts told CoinDesk last month that the Fed taper is priced in. So, the market reaction will depend on the Fed’s language on inflation and the timing of the first interest rate hike.

Several policymakers have recently said that inflation is proving to be more sticky than previously expected. Meanwhile, bond traders and interest rates futures have ramped up bets on early rate hikes.

On Friday, analysts at Goldman Sachs brought forward their forecast for the first rate hike to July from Q3 2023, according to Bloomberg. The investment banking giant expects the second rate hike in November 2022, followed by two hikes in 2023 and 2024.

Fed funds futures are now pricing hikes beginning early in the second half of 2022. The U.S. two-year Treasury yield, which is more sensitive to short-term interest rate/inflation expectations than the 10-year yield, nearly doubled to 50 basis points in October.

While equities and bitcoin have remained resilient, things may change if the Fed statement carries fewer references to inflation being “transitory”. That would perhaps imply policymakers’ growing discomfort with high inflation and validate fears of faster rate hikes, in turn, bringing selling pressure to equities and bitcoin.

ByteTree Asset Management’s Charlie Morris told Bloomberg that bitcoin is a “risk-on inflation hedge”. The cryptocurrency’s gold-like store of value appeal mainly attracts buyers when global financial markets see strong demand for growth-sensitive assets. However, bitcoin mostly takes a beating when global markets wilt.

Aside from the Fed meeting, investors will keep an eye on Tuesday’s Reserve Bank of Australia’s (RBA) meeting and Thursday’s Bank of England’s rate decision and Friday’s U.S. nonfarm payrolls report. Money markets expect the BOE to hike interest rates this week.


FUTURE VISTAS NOVEMBER 3

🔰 Republican Glenn #Youngkin wins #Virginia governor's race - Financial Times ➡️ This is the proverbial game changer. MSNBC calling Virginia voters stupid. The newly elected Lieutenant Governor of Virginia is a female black Republican from Jamaica, former Marine, with a Master's degree, who ran a homeless women's shelter, raised three kids. #Trump is taking back the country from the local to the federal ▶️ FVR Global Outlook NOVEMBER A 2021

🔰 Separatists from #Ethiopia's Oromia region plan to advance on #AddisAbaba — TASS ➡️ Prime Minister Abiy #Ahmed: snatching defeat from the jaws of victory. The next #Kabul.

🔰 #Microsoft’s Own #Metaverse Is Coming, and It Will Have PowerPoint - BNN Bloomberg ➡️ More cute / silly / pointless #avatars are needed

🔰 Sepp Blatter and Michel Platini charged with fraud in Switzerland over £1.35m payment - Guardian ➡️ Drain the swamp

🔰 Chinese satellite hints at space warfare prowess by dodging US surveillance - SCMP ➡️ #SpaceForce does have sci-fi capabilities, as it will become clear to anyone

🔰 #AUKUS has a significant part to play in the 'new Cold War' against #China - Japan Times ➡️ #Oceania had always been at war with #Eastasia. They’re laying the groundwork for what’s coming. It was always the plan. But whose plan? NOT EVERYTHING WILL BE CLEAN. [SCARE] NECESSARY EVENT. 521

🔰 'People are over it': Covid vanishes from the campaign trail - Politico ➡️ #pandemic is over. #climatecrisis takes center stage.

🔰 1️⃣ Boris Johnson on COP26: 'If Glasgow fails, then the whole thing fails' - BBC 🔰 2️⃣ Why COP26 Will Fail - Project Syndicate ➡️ Was it the plan all along?

🔰 UN nuclear chief sees #atomic energy role in climate fight - AP ➡️ #nuclearrenaissance ▶️ FVR Global Outlook NOVEMBER A 2021

🔰 #ElSalvador to build 20 'Bitcoin Schools' with surplus from #Bitcoin Trust - Cointelegraph.com


Top 6 Cryptocurrency APIs available for you in 2022

https://preview.redd.it/q7x9ohg6ycx71.png?width=2240&format=png&auto=webp&s=1ce30a95171fe599434d058d6a0b5a96794783b1

The cryptocurrency industry has attracted interest from investors, developers, entrepreneurs, and enthusiasts around the world. As Ethereum ERC20 tokens became more popular, the most fashionable trend was to create a token to auction within an ICO and be traded or used as a utility in projects. from 2017.

Today, development on the Ethereum blockchain continues to be popular; However, development using data from the cryptocurrency market is emerging as the new cryptocurrency gold rush.

Whether you are a cryptocurrency trader, speculator, developer, or someone interested in researching cryptocurrency, there are plenty of APIs to choose from. Fortunately, I have tested almost all of the best cryptocurrency APIs and the results are amazing.

Let’s discover the best cryptocurrency APIs for you in 2022.

1. Newsdata.io API

Newsdata.io provides a News API with which you get all the crypto-related news worldwide. You can access their news API for free as they also provide a free plan, as long as you don’t use the news data for commercial purposes, as for that they have the paid plans according to users’ requirements.

They fetch worldwide news with all available metadata from 3000+ most reliable news publishers in 30+ languages and 10+ categories. Newsdata.io news API allows you to access their huge database of crypto news as they collect news data on a regular basis.

Newsdata.io API Key: https://newsdata.io/register

The Documentation: https://newsdata.io/docs

2. LunarCRUSH

With LunarCRUSH, access over 100 million collected social posts, all sorted by piece using AI and displayed alongside unique information.

LunarCRUSH collects over 100,000 social media posts with 20,000 connections every day and supports over 2,000 currencies. LunarCRUSH is known as one of the most trusted APIs for community and social information.

LunarCRUSH collects data on influencers, influencer activity on social media, and their involvement, frequency, and impact on thousands of cryptocurrencies. It allows for some really fantastic things like how bullish something is versus how bearish something is.

This also lets you know who is really influencing a bot. You can also incorporate social metrics for over 2,000 coins into your TradingView charts. LunarCRUSH has real-time cryptocurrency alerts, for cryptocurrency price notifications and social metrics that help automate trading decisions.

The Documentation: https://lunarcrush.com/developers/docs

3. Messari

Messari provides API endpoints for thousands of crypto resources. These parameters include trade, market data (VWAP), quantitative measures, and qualitative information. This is the same API that drives their web application.

Most of their endpoints are available without an API key, but they limit their rates. The free tier does not include redistribution rights and requires attribution and a link to their site.

In general, Messari is a good API for those looking to build custom solutions. Although their site has good information for traders, developing with their API can be difficult. Having a positive spotlight within the crypto community, I decided a few years ago to try my luck by following a Github repository called “messariapiexploration”.

The documentation was very easy to read and I quickly understood the basics of the API. Since then, I have used their data as a form of validation with Nomics to create an aggregated crypto data hub.

The Documentation: https://messari.io/api

4. Nomics

Nomics is a cryptocurrency data API focused on price, cryptocurrency market cap, supply, and all-time maximum data. They offer Candle / OHLC data for currencies and exchanges.

Additionally, they provide historical aggregate cryptocurrency market caps since January 2013. API Nomics is a resource for all developers.

However, they are a highly respected API in the cryptocurrency industry. An overall positive experience with Nomics leads me to discover what it has to offer. Nomics’ API is pretty straightforward to use, but when I started building crypto apps a few years ago, their API was a bit demanding for me.

If you want historical candlestick data for currencies and exchange rates, raw trade data without pauses, and/or order book data, you will need to pay for these services.

The Documentation: https://p.nomics.com/cryptocurrency-bitcoin-api

5. CoinMarketCap API

CoinMarketCap is commonly known to be the go-to for checking cryptocurrencies and token prices. CoinMarketCap provides API levels for individual users and businesses. the free plan has limits on the number of API calls you can make per month. The functionality is great for testing, but for those looking to build consumer-oriented apps, I suggest using an API with multiple options.

When I first discovered the power of crypto data, CMC was the first API I was exposed to. My first attempt to use their data was with a price prediction model, using their free historical data.

The Documentation: https://coinmarketcap.com/api/

6. CoinGecko

CoinGecko provides real-time price data, trade volume, tickers, exchanges, historical data, coin information and images, developer and community statistics, events, global markets, and CoinGecko Beam coins, and trade status updates.

With only 21 terminals this might not be the best option for merchants and businesses. Although CoinGecko is free, it is unlikely to meet the needs of traders and exchanges.

This API was the second API with which I started to develop projects. The challenge is that they do not have Python documentation. I think CoinGecko has the potential to be a free API; however, the community needs to step in and provide more documentation for the projects.

When I was doing the initial search for the API I should use for my projects, simply searching for “CoinGecko Python API” didn’t return a lot of results. Fortunately, I was able to find a wrapper on Github that helped me implement my project.

The Documentation: https://www.coingecko.com/en/api

Conclusion

The cryptocurrency market continues to hit the main hedge, increasing exposure and becoming widely used by the masses. I think it’s important to start with an edge in developing applications and performing analysis within the industry.

Cryptographic data is a valuable resource that can be used to exchange, conduct research experiments, and leverage transparency for your organization. The future of crypto development depends on the number of projects that will continue to build innovative functionality within application programming interfaces in 2022.


Caspian: Institutional-Grade Crypto Investing Simplified

The Caspian crypto trading platform is a full asset management solution that makes use of specialist institutional crypto trading software to give consumers everything they need to manage their crypto assets.

Caspian

Summary

Caspian is a comprehensive asset management solution that covers the entire trade lifecycle. It offers a single interface to all major cryptocurrency exchanges, as well as a full suite of advanced trading algorithms, real-time and historical profit and loss reporting, and professional customer care.

The Order and Execution Management System (OEMS) and Position Management System (PMS) are two features included in the Caspian institutional crypto trading platform that work together to enable institutional investment managers and traders to maximize their earnings.

Contents

Caspian Crypto Trading for Institutional Investors

The Caspian crypto trading platform is a full asset management solution that makes use of specialist institutional crypto trading software to give consumers everything they need to manage their crypto assets.

Through specific trading functionalities and in-depth exchange integration, this technology allows institutional investors to limit risk, better manage their portfolios, and boost trading efficiency.

Caspian’s Order and Execution Management System (OEMS) and Position Management System (PMS) were built to operate together to address many of the issues that institutional investors confront today.

These technologies aid with portfolio management, exchange integrations, liquidity, trading efficiency, and risk management challenges, among other things.

Caspian collaborates directly with its parent business, TORA, an industry-leading trading platform for equities, fixed income, forex, and derivatives with a monthly notional volume of $100 billion USD.

>>The Best Bitcoin and Cryptocurrency Exchange Guide<<

Order and Execution Management System (OEMS)

Caspian’s cutting-edge exchange integration gives traders access to the world’s most respected exchanges through a single, easy-to-use interface.

Caspian crypto trading simplifies the execution process by letting customers access numerous exchanges and trade pairings simultaneously with OEMS, which provides point-and-click capabilities.

Professional cryptocurrency trading confronts endemic challenges, such as fragmentation of digital asset exchanges and low total trading volume compared to traditional markets.

Because of the huge bid-ask spreads, these events frequently result in slippage and low liquidity (the amount by which the selling price exceeds the buy price). As a result, market participants will face increased costs. Fast order execution and modifications, customizable market data, and increased liquidity all contribute to alleviating these cost concerns.

Order shortcut management, parent and child order slicing, and completely customized technical indications and breakdowns are all included in the Caspian platform.

These tools allow users to track a cryptocurrency’s performance over time and split down huge coin orders into smaller parts that are more manageable for the exchanges’ trading volumes.

>>Cryptocurrency Trading Guide for Beginners<<

Position Management System (PMS)

Users can keep track of all historical and real-time profit and loss (P&L) data on exchanges and wallets using Caspian’s PMS, allowing them to monitor portfolio performance over time.

Access to position measurements and indications for any time frame is also included in this data. Furthermore, fund managers can create totally configurable drag-and-drop portfolio displays to handle all of their data in one place and in numerous forms.

This level of customization makes it possible to keep track of all positions across many portfolios on a single screen.

The PMS is integrated into the Caspian trading platform, allowing for the creation of simple yet sophisticated reports that not only provide an in-depth examination of a trader’s most recent trades but also expand as the portfolio’s funds rise.

>>Bitcoin Wallet Guide, Reviews and Comparison<<

A Comprehensive, Institutional-Grade Trading Solution

Caspian provides customers with a comprehensive trading interface that includes a state-of-the-art suite of trading algorithms, real-time and historical profit and loss data, exposure tracking, and specialized customer care, in addition to being directly connected to all major crypto exchanges.

Caspian enhances these capabilities by utilizing its OEMS and PMS in a balanced, transparent, and equitable manner.

This provides traders and investors with the tools they need to better manage their portfolios, trading, and risk, resulting in more lucrative investing.

Bitsquabi.com does not guarantee the reliability of the Site content and shall not be held liable for any errors, omissions, or inaccuracies. The opinions and views expressed in any Bitsquabi.com article are solely those of the author(s) and do not reflect the opinions of Bitsquabi.com or its management. The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. A qualified professional should be consulted prior to making financial decisions.