Sunday, January 16, 2022

Comparisons of "Corrupt Government" labels by the west through the eyes of a Bitcoiner: Kazakhstan vs. El Salvador edition.

TL;DR - Two pro-bitcoin nations have the "Authoritarian" label stamped on them. Read through this post to find out which one is really Authoritarian.

Forenote: I don't want to pretend I am an expert on either of the countries that I am detailing, but rather articulate some points that passers by to this sub may not grasp. This thread may be edited for formatting purposes

I was considering making this post a couple of days ago, but I thought maybe it was irrelevant, but after seeing the events of what transpired in a country that has the third highest bitcoin hashrate (Kazakhstan) and comparing it to El Salvador, which is trying to play catch up on both the world stage and for bitcoiners, I feel like it is necessary to detail what is going on and open everyone's eyes just a little bit.

I feel dumb for typing this, but I feel like it needs to be said. The guys who are anti-crypto / anti-bitcoin in general tend to come in to this subreddit with the mentality that maybe we are all a bunch of anti-government nerds that want to dump crypto on each other. I feel as though we should all unify under one common theme: censorship resistance. Imagine if our governments were more transparent with us. Here's the comparison we are gonna draw:

El Salvador, Bukele:
1. Labeled a "dictator".
2. Allows free speech and criticism.
3. Willing to empower people by enabling Bitcoin transactions / make it legal tender.
4. Non comprehensive list of sanctions on El Salvador government officials
5. When protests & riots take place, he lets protestors protest and lets the entire world watch without cutting off the internet.

What kind of dictator is nice enough to do this? Listen from 46:30 until 47:45 https://youtu.be/ls2h0FFNMjY?t=2784

Kazakhstan, Tokayev:
1. First "president" of Kazakhstan (a "democratic, secular, constitutional unitary republic" according to Wikipedia) after a guy who rules for 30 years post-soviet era appointed him as president, he was not elected either.
2. Nation is a participant of the Israeli-developed "Pegasus" diaspora. Your phone conversations may be monitored in KZ, (timestamp at 1:57).
3. Interested in Cryptocurrency mining for the sake of generating revenue from electricity sales.
4. Non comprehensive List of Sanctions on Kazakhstan government officials
5. When these last protests & riots took place, he cut the internet to his country, and fired a lot of government officials and replaced them to come mid-way between satisfying his people and maintaining his own power.

https://www.youtube.com/watch?v=mFaxdWKC-7E - just skim through this video at 2x speed to get an idea of what was going on in KZ if you were someone who was living there these last 17 days.

Conclusions: I feel like we're comparing apples to oranges in terms of geography / relevance to America and perhaps the larger western world as a whole, but this is something worth thinking about. Also the issues that Kazakhstan faces are not the same as those that El Salvador faces. But the situations are still both worth examining for a few hours if you ask me.

Narrative Moves Market Cap: Why I'm Extremely Bullish Right Now

Allow me to first say this; despite the holders of this token not being the most financially educated group of people on the blockchain, the way this token moves is extremely similar to how most well-recognized financial instruments move.

Talking specifically about cumrockets, I think it's safe to say that even after a day of reading the posts on this subreddit, the sentiment surrounding this token is very clearly negative. So lets first ask ourselves why that is, and then we can talk about why it's one of the most bullish and optimistic things that can happen to the token.

So first, its critical to understand that while supply and demand is what moves the price of the token, if you look one step deeper, narrative is very clearly what moves supply and demand. When the narrative is overwhelmingly positive, the holders don't want to sell their tokens and the buyers can't get enough of them. The price rises as though the supply is nonexistent. This is exactly what we saw in the days before the NFT marketplace was released.

The narrative was this: "This marketplace is going to create a new paradigm of demand and the price of the token is going to 100x". You guys were right in that it would create demand, but you were wrong in assuming it wouldn't be predominantly from the excitement of our own community. You were also wrong in assuming that the demand would hold.

I encourage you all to look up the popular saying about financial markets that is "Buy the rumor, sell the news." It is exactly what happened after the NFT marketplace launch. The key takeaway from doing so is that while the assets we're trading are becoming more technologically advanced, the human psychology that drives price movement is seemingly unchanged.

So narrative caused the price to spike right before the marketplace release, what happened afterwards? Did the narrative change? The answer to that is so clearly YES. Just look at the reddit posts before and after the marketplace dropped; this is considering the fact that the marketplace actually worked pretty damn well for a fresh release! The reason the narrative flipped so negatively is because nothing happened. There was this huge event that everyone was talking about for months, and when it finally came time to be realized, what happened was... well, nothing. The price didn't 100x, I bet most of you didn't even consider buying something on the marketplace. BUT THAT'S OKAY. I'll be honest, I didn't either, but in the grand scheme of things, that really doesn't matter.

What matters is where we are now. Knowing that a change in narrative is what moves the price, you should be as ecstatic as I am that everyone is so goddamn pessimistic about the future of the token. It means that the sentiment can change positively way more than it can change negatively.

Now before you jump in the comments and tell me how bullish you are and that you love buying more tokens at this relatively low price, I will concede that it may be the case that the reason we see so many negative posts is because the people who are scared are louder than the people who are calm. In fact, I would be surprised if that wasn't the case, but there are undoubtedly more negative people now than there were around 6 months ago. They're the ones who are willing to sell.

And who can blame them? The price of CR shot up past 20 cents, and here we are watching it nearly fall below a single cent? Of course its justifiable for someone unfamiliar with the crypto space to think that the hype is gone, the token is dead, and their money isn't coming back. But lets take a look at some of the biggest drawdowns of other cryptos for comparison:

Bitcoin (BTC): The maximum drawdown since January 2010 for the Bitcoin USD is 83.40%, recorded on Dec 14, 2018. It took 716 trading sessions for the portfolio to recover.

Ethereum (ETH): The maximum drawdown since January 2010 for the Ethereum USD is 93.96%, recorded on Dec 13, 2018. It took 781 trading sessions for the portfolio to recover.

Cardano (ADA): The maximum drawdown since January 2010 for the Cardano USD is 97.85%, recorded on Mar 11, 2020. It took 345 trading sessions for the portfolio to recover.

And the thing is, these drawdowns were ALL COMPLETELY CORRECTED in the following years as each of these cryptos (as I hope you know) smashed through their previous all time highs. Cardano lost 98% of its value... it did a 1/50x and recovered beautifully.

This isn't unique to just cryptos either, watch this video about Bezos talking about how amazon stock performed during the 2000 dot com bubble.

https://www.youtube.com/watch?v=hwskqpf0E6Y&ab_channel=InvestorsArchive

Amazon stock went from $113 to $6 and is sitting at $3240. Price is not indicative of future performance. Let me say that again. Price is NOT indicative of future performance. We have to be focused on the accomplishments of the marketing and development teams.

If you're interested, you should also look up Warren Buffett (one of if not the greatest investor in the world) talking about "Buying when there's blood in the streets" and being "Greedy when others are fearful" because this is not a new psychological/financial phenomenon.

You guys are gauging the success of the development team by price movement, and not by what is actually being done and what is actually being planned. What's true is this; the development team has not slowed down, they will not slow down, they own a fuckton of cumrockets, and they have every incentive in the world to make sure that this token succeeds and explodes.

No, they're not going to rug you for $300,000; volume is so low that they can't even sell all of what they have without crushing the price; the takeaway from this is that they cant and wont try to do that. The risk profile of this token is extremely skewed in our favor as it is in theirs.

In the end, the current narrative tells the same story that the risk profile of the token does; we have one cent to lose, and hundreds to gain. Narrative is going to change; it's inevitable and it always has in the past.

So keep selling, I honestly, sincerely, do not care.

I'm holding, and what I'm holding will very likely reach an all time high and go far beyond even that.

"The hardest part of investing is doing nothing."

Comparisons of "Corrupt Government" labeled by America through the eyes of a bitcoiner / cryptocurrency enthusiast. Kazakhstan vs. El Salvador edition

TL;DR - Two pro-bitcoin nations have the "Authoritarian" label stamped on them. Read through this post to find out which one is really Authoritarian.

Forenote: I don't want to pretend I am an expert on either of the countries that I am detailing, but rather articulate. This thread may be edited for formatting purposes

What kind of dictator is nice enough to do this? Listen until 47:45 https://youtu.be/ls2h0FFNMjY?t=2784

https://www.youtube.com/watch?v=mFaxdWKC-7E - just skim through this video at 2x speed to get an idea of what was going on in KZ if you were someone who was living there these last 17 days.

Babydoge founder AMA 44 questions and answers.

Certik AMA questions and answers for everyone ⬇️⬇️

Are we going metaverse in 2022 and BDC will be the main currency?

Answer: ⬇️ We are exploring ideas for the metaverse, initially building our own seems like a great endeavor, it’s not off the table but I think maybe it makes more sense to reasonably purchase some land in the metaverse/ if when the hype dies a little

When NFT?

Answer: ⬇️ Hopefully before end of year, we have most of it built, just need to start marketing soon and learning more about discord as it seems the NFT community is more into discord than telegram where we have put much initial focus

Several other projects have successfully developed and implemented direct purchase of tokens using Apple/Google Pay and Debit/Credit cards, easing the ability to purchase into a single click and pay transaction for novices from their respective sites, are we working on anything similar to increase adoption?

Answer:⬇️ We should have this soon. Hopefully this week or next. Cant confirm a date though as it’s out of our hands

What is the vision from bdgc in 5 years and how you want to reach that goal?

Answer:⬇️ Build the greatest community in crypto and help save dogs along the way. We plan to do this by remaining active, and building our ideas, and marketing them.

Good morning, Christian, thank you for taking time to come out and answer questions. I have a 4-part question that certain answers hinge on previously answered questions, with the creation of eth bridge, the eth side Baby Doge token and you looking for a solidity programmer on indeed. With this in mind in the current state of the cryptosphere, and with eths L2's coming out and eth 2.0 otw soon. A lot of dapps devs are looking to build the large token communities, so that they know who to try and promote to, typically by using that ecospheres token, or burning/staking on that ecosphere as part of their games/dapps/NFT or some economic mechanic. There has been faster adoption of games/dapps/NFT’s on eths ecosphere than any other platforms. Do you plan to take BBD’s NFT’s and game towards the Etherium blockchain? Is there a plan to keep BNB Baby Doge relevant if our NFT’s and game are on the eth blockchain?

Answer:⬇️ Honestly using ETH blockchain and paying the fees on it keeps me not wanting to build there until they figure out gas fees. We do plan our first NFT collection though to be on ETH / opensea.

Will BDC be converting to a V2 coin and if so, what's the likely consolidation ratio? Also, if there is a V2, will BDC have it's own migratory exchange?

Answer:⬇️ It’s been considered but no official plan or announcement. Yes it would have its own way to migrate and would be consolidated supply.

Just a quick one, how many charitable donations do you plan on making in 2022? One per quarter or more frequent?

Answer:⬇️ We have more coming by end of year

When we will have our own blockchain

Answer:⬇️ We recently hired a CTO who claims he can us help with this but it’s not something we’re working on currently before finishing roadmap

Do you have any huge gift/surprise for us on 1 years old of babydoge birthday?

Answer:⬇️ We haven’t planned anything yet officially but will be a major milestone so I want to say yes!

Does the debit card use cash I put in the bank or cryptocurrency from my crypto wallet

Answer:⬇️ Crypto currency from a wallet

Will reflections eventually have to come to an end if we want to get listed on major exchanges like coinbase, Binance, and crypto.com? And is it even possible to take reflections off tokenomics? Because I believe reflections were a good incentive to early investors but it could be holding us back to getting listed on major exchanges.

Answer:⬇️ We have not heard that to get listed on a major exchange they must be off. If they required it though off it could be considered. We can turn them off or lower them even.

hi bdf Can the 2021 road map be completed? Is the casino application you talked about still in progress? Or when will the gaming platform be launched

Answer:⬇️ We aren’t doing a casino on our road map. not sure the legal consequences of that , we have explored it, crypto is already a risky grey area that many institutions already are afraid of, if we were a casino too I think too much regulations are in place on gambling, it’s something that sounds great but many jurisdictions have even stricter rules than they do crypto.

Will the tokens unlocked today be locked again? Or what to do with it?

Answer:⬇️ We are working on something that may require the locked tokens, we will use for an application or burn them. I can assure you any locked tokens / pending unlocked by our team will not be sold.

Is it possible to stop the tax for wallet transfers since it will be easy to move our coins to a hardware wallet. Thanks.

Answer:⬇️ It’s something that’s been considered if we do a v2 but it’s not possible currently unless we also turn off the fees for buy/sell

Will we burn on the first day of every month? Will it be cancelled in the future?

Answer:⬇️ It could be, or even done quarterly, we will make announcement if it for some reason changes.

What drove you and your passion to create a crypto to save dogs ?

Answer:⬇️ Prior to baby doge I founded a company Pawz.com I sold this company to a private equity firm in 2019. Pawz was an apparel company to help save dogs. I got the idea watching shark tank with my family where they said dogs were the most popular things on the Internet and it made sense when I realized how popular Dog memes are. They are also my favorite type of memes on the internet. I made this pawz company at 20 years old while going to college in order to pay to pay for college and get my degree in finance.. there was not a lot of things I knew how to build to sell at the time. I was trying to think of something I could afford to make reasonably, that everyone would need & love. So I made tee shirts. I had a dream to be a fashion designer inspired by Kanye West and other fashion icons. .So I had a passion for the Internet + dog memes + fashion + dogs+ finance+ helping the world prior to launching pawz in 2015. Then in 2017 I got super interested in crypto started buying my first ETH & bitcoins while running pawz. 3-4 years of pawz I knew I didn’t want to die as the tee shirt man. I didn’t want to be tee shirt man my whole life, I wanted to leave a better legacy and do something I could be remembered by. I felt I could contribute and some type of internal anxiety that I have where I feel I owe the world my best effort on changing it for the better and if I don’t I let it / myself down if I don’t ever achieve max potential. I think we’re all here for a purpose to contribute something to the world and give their best efforts to society. I sold pawz and started really focusing on investing in stocks & crypto and exploring new ventures. Then I saw the dog coin boom and knew i wanted to try. I was extremely bored in my house everyday during covid, moved to a new state where I had no friends. So I wanted to make a community as well. Something small... So I made baby doge after baby yoda ( yes I’m a nerd) , the dog coins all went viraI, and that sound in tiktok that goes “that’s just my baby doge” I didn’t think it would work I made it as a joke. But then like overnight it went viral people loved it.

Other than what's on the roadmap, is there any plan to add additional utility or bring on additional projects?

Answer:⬇️ Yes we also have internal roadmap

In the future are you planning on making an educational Baby Doge game for kids? Or partner with roblox to use baby doge instead of rubox.

Answer:⬇️ I don’t think we will go towards kids not sure if that’s even legal with crypto. But ultimately it’s better to get people interested at 18 as the younger generations will be the ones pathing the future for crypto

Bdf what is the good news? Admin Zolej said that you have a good news want to tell us

Answer:⬇️ We haven’t got an official statement on buying the tokens back yet,,. They said they would be paying for the losses but we haven’t seen action yet on their end. For our community or others Responded Zolej: The good news was the AMA. Atleast from me.

Thank you for this ama. Any major events or teams Baby Doge will sponsor (i.e. Nascar), celebrity endorsements and/or major ad purchases in the future?

Answer:⬇️ You’ll have to stay tuned to see it wouldn’t be fair to only say in the ama before everyone else

BDF，Do we have any plans to make games this year?

Answer:⬇️ There’s only 20 days left and it takes much longer to make a game

How much baby doge coin has planned to burns it's token? Maximum percentage to be burnt ? Does baby doge coin burn 5 quadrillion every month or it's for limited time ?

Answer:⬇️ Yes we can’t guarantee they will be so large forever , as burned tokens come majority from tokens we had from the beginning... we do get them monthly also from the LP generated we burn. If volume is high the burns should be higher. We will announce any changes to burns

A few questions: -Is the babydoge wallet and exchange being worked on? -Which will come out first? ETA? -Is V2 still a possibility for the future? -Does the babydoge foundation/company consist only of yourself or are you going to be adding more people to the executive team? Any chance a bio can be displayed on the babydoge site?

Answer:⬇️ Yes the exchange is in the wallet, they would come out same time along with the debit card too. The team is more than myself, we have executive team members l

Hello BDF Does BDC have marketing plans over this next 2022? I saw other projects having partnerships with football teams, what's your thoughts on this? Also I do love the idea about governments trying to help dogs giving people bonus over babydoge to use on veterinarians... Etc. Babydoge as base currency to save doges worldwide. Is this doable? El Salvador would love to hear something about this 👀 Thanks for your time

Answer:⬇️ Baby doge as currency for dog charities, dog lovers, and doing good for the world is the goal

Can you list the usual list of prerequisites required to get babydoge listed on various exchanges such as voyager etc that way we have insight to how the listing process works ?

Answer:⬇️ Every exchange is different, some want a listing fee, some don’t, some tell you their requirements, some don’t. Sometimes you need the right contact in place / reach the Right person for the listing, sometimes not. Every exchange has their own terms & conditions to be listed, sometimes it’s politicized sometimes it’s not...

Have you considered canceling taxes and fees? It's too high.

Answer:⬇️ Considering to reduce

Can holders design the front of the debit card?

Answer:⬇️ It’s been designed we will announce soon official design / partner

Can the contents of the fourth quarter of 2021 on the road map be completed?

Answer:⬇️ They can be but not likely all of them in Q4 we have 20 days left

1- Is there any chance to modify icon and profile of babydogecoin on etherscan!? Trustwallet ETH babydoge still has no icon as well. 2- As I checked etherscan the burned value on ETH side is not the same as BSC side, can that be fixed in any way? 3- If and if there is going to be v2 in future are ETH holders considered so that they don't have to pay much to migrate?

Answer:⬇️ 1, needs 5k holders 2. They can be if we manually burn on ETH side though it shouldn’t make much difference as if burned on either side it will reduce the circulating amount

We understand there are frequent burns what happens in the long run with the burn mechanism. If a whale holds 5Q coins our supply is struck there. How will this be addressed?

Answer:⬇️ The burns would be lower theyre based on volume. Currently there’s no whales with 5Q+ tokens by a single person

Hi ! Just have a question regarding debit card and wallet, are they going to he released this year? Thanks

Answer:⬇️ I can’t promise it’s out of our hands but it would be nice I won’t announce dates of things being done/ sometimes even worked on until it’s 100% done with T crossed & is dotted. As development has too many random/unforeseeable events that hinder timelines. I want things to ideally be 100% good to go before major marketing js started on them with a launch date.

Which is the other project that its been audited in certik?

Answer:⬇️ NFT

Would it be possible to have a channel/tab on Discord/Website dedicated to educating new investors about crypto? Not everyone knows what a bridge is, what an NFT is etc.

Answer:⬇️ Yes is good idea

Please make sure we include the v2 to our next road map People need to be better educated on migrations before any v2 announcement as running a simple poll caused panic so we need to create documentation on migrating prior to announcing anything like that
Hi i'm writing from France. Is token in Burn wallet are definitly unusable or it reserved to intern use. Than you for your answer.

Answer:⬇️ The burn wallet cannot be accessed by anyone it’s not usable

I was am not sure if this was already asked or not tbh I joined late mybad. I was wondering what the project would be for future projects to add more utility. And is the utility just coming from the debt card?

Answer:⬇️ We plan to finish our current roadmap then add from there, we have other things we’re working on but do not wish to create expectations We completed majority of our first roadmap which is why we made a new one. The first one was a walk in the park. This one is more challenge with tougher milestones

Any plans to (and staff who can) redesign and modernize/update the website? Especially in the area of the #1 Utility of the token which is to help dogs, and all the charities that have benefitted that info is buried and basically hard to get to. Also providing clearer info on what we’ve completed from a roadmap perspective, what’s upcoming, etc. and providing more direct info on specific language channels to funnel other countries to the right groups. The site can use a makeover.

Answer:⬇️ We have one redesigned already just devs really been focusing on roadmap items

Thank you for the opportunity to change all our lives bro we believe in you and the team keep breaking records, here for the long haul 🥶 #babydogecoin #shillgang 🚀🚀🚀🚀

Answer:⬇️ Thanks everyone for your support

Can bdf cancel taxes and dividends?

Answer:⬇️ Yes if needed also legally we don’t call them dividends, they’re reflections. 1. Burn is based on volume 2. We don’t have 150 quadrillion tokens in our possession to burn them

Could different shelters apply to accept Baby Doge as donations or do they need to be vetted first by the Dev team?

Answer:⬇️ They can apply or even setup a wallet for themselves if they wanted

Hello BDF Can you announce the team structure and number of people

Answer:⬇️ the only thing with announcing team is I have seen other team members resign and if/when that happens, since the community loves/knows them. If they left people would sell and hurt everyone. With the team being anonymous there’s less biased if that happen. In addition people should and absolutely can not be relying on the work of any others including myself to make any type of profits. We have seen Shib and pancake swap do very well with anonymous teams and they don’t suffer from internal turnover announcements. It’s business as usual if someone leaves no one knows. Curious to get your feedback on how / why so?

I don't have question but I really suggest you to improve promoting BDC. It is going really good for all of us but just imagine how could it be with some promotion improvement. Wish you all the best 🙂

Answer:⬇️ We have one of the fastest growing communities in crypto. Just because you may not directly see every single promotion, doesn’t mean it’s not happening If we told you every single ad we place we write the playbook for every competitor to copy us

Actually I have no problem, but what you said has completed most of the content of the first circuit diagram? Which route map are you referring to? However all I see is the eth bridge and wallet tracking

Answer:⬇️ Our first roadmap was when we launched the token... it didn’t even include the bridge on there we added this later

If we are afraid of stolen wallets, is there any way to change wallets without being deducted 10%?

Answer:⬇️ I think there’s probably something we could build where you could send to a whitelisted contract then the contract automatically send to your new wallet without the fees, it would take some time to build though and not on current roadmap It’s great idea though I think that’s it for our AMA everyone, I just wanted to get a chance for discord members to ask any questions since I don’t spent time in here, we will have another AMA announcement soon! I want to thank the entire community for being supportive of baby doge And especially all our mods and admins in discord I don’t get to tell you guys thank you enough And appreciate keeping this side of the community amazing.

(Credit - Seven0077 on Discord)

January 2022 Promotions

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January 2022 Leaderboards - Grab Your Share of $65K

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KK - 1 Point
AA - 2 Points
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Three of a Kind - 4 Points
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$5,000 COPS Warm-Up Leaderboard

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$2 Million Guaranteed Poker Championship Series

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10% Crypto Boost

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Participation in most of the promotions described above is not automatic. Rather, you must opt in to them from within the poker client.

To do so, open up the lobby and click on the “My Missions” button on the bottom-left. Or click on the dollar sign in the top-right to bring up the cashier, and then select the “Contests” tab.

Browse through the missions in the left pane. When you find the one you want to join, press the “Opt in” button. From this screen, you can also track the number of points you have in the various leaderboards.

📷The Contests Section at SB Poker

Playing at BetOnline Poker or One of Its Partners

To take advantage of the Chico Poker Network's August promotions and other rewards as an American player, you can sign up at BetOnline Poker, which you can learn more about in this factual BetOnline.ag Poker review. An alternate site you can explore that has all the same promotions is SB Poker. If you're an international reader, then you may wish to investigate TigerGaming instead.

BIG EVENT FOR BITCOIN THIS WEEK

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