Tuesday, April 5, 2022

How are smart contracts related to blockchain?

  1. Common Ether transfers between human users and users

These are common transactions in the network, similar to Bitcoin transactions. If you send ether directly to a friend, the "Data" item will be left blank.

  1. Ether transfers without receiver

When making a transaction without a recipient, this means that the purpose of the transaction is to create a smart contract in the network with the contents of the "data" item. The Data item contains software code that behaves like any other user on the network.

  1. Ether transfers between users and smart contracts

Whenever a user (or smart contract) wants to execute a smart contract, he/she/it needs to make a transaction with the smart contract, placing the execution instruction in the "data" item.

Just like on other blockchains, whenever any of the above three events occurs, it is published throughout the network and everyone records it. In addition to recording, each node also executes the smart contract that received the instructions to synchronize the state of the Ethereum virtual machine with the rest of the network.

Each node executes part of the software, thus making the entire network act as a huge (but slow) distributed computer. After that, each execution will be stored on the blockchain, thus achieving the purpose of permanent storage

https://preview.redd.it/hhubl66hmtr81.jpg?width=1277&format=pjpg&auto=webp&s=c44e936d57d59a222f493829e64230a80c9c2c1a


The "Final Halving" Portfolio Teeka Tiwari Palm Beach Confidential picks that can 20X or more

Six Tokens That Could Pull Forward a Century's Worth of Halving Gains in 12 Months ( 3 already revealed CRO, ILV, HNT)

The Arab members of the Organisation of Petroleum Exporting Countries (OPEC) declared an oil embargo against the United States in October 1973.

OPEC cut oil production by 9 million barrels per day to protest US support for Israel during the Yom Kippur War. This resulted in a 30 % reduction in supply, the largest reduction in oil production in history.

It was so effective that historians now call it the "Oil Weapon."

As supplies dwindled, the embargo increased the market price of oil, resulting in global oil shortages.

Oil prices eventually quadrupled, resulting in a major energy crisis in the United States and Europe. Price gouging, gas shortages, and rationing were the result.

The supply shock threw the United States economy into a tailspin, resulting in a decade of "stagflation." In the 1970s, the GDP fell by 0.7 %, while unemployment increased by 169 %.

The OPEC oil embargo is likely to be the most significant and long-lasting supply shock in history. A 30% drop in the value of a key asset sent the world into a tailspin.

But I'm here to tell you that something even bigger is about to happen; I'm talking about a 100 % supply shock. And it'll take place next year.

This is the first time we've ever seen anything like it. And it's creating a small window of opportunity for those who can connect the dots and get in early.

Right now, there's a chip shortage... The rare earth's crisis of 2011... The gold panic of 1979... The above-mentioned 1973 oil embargo...

None of these had more than a 50% reduction in supply.

Anyone who got ahead of these shocks, on the other hand, could have made gains of 1,272 % or 2,150 %, 3,988 %, and even 13,025 %, respectively.

A $1,000 investment in each would yield a total of $208,350.

In the crypto market, we're about to witness something much bigger.

Unlike the current supply-chain crisis, the mainstream media is completely ignoring the impending bitcoin supply shock.

That's why I'll explain exactly what it is in this month's issue... and how you can position yourself to profit from it.

The "Final Halving"

While we will never know the exact amount of gold and oil in the ground, we can estimate it. The exact number of bitcoins that will ever exist is known.

There will never be more than 21 million bitcoins available in the world. The issuance of that document is strictly governed by computer code.

The Federal Reserve can print as many dollars as it wants, and mining and tracking can produce more gold and oil, but there will never be more than 21 million bitcoins.

Bitcoin has outperformed other investments over the last decade because of its pre-programmed rarity.

In the face of rampant money printing and rising inflation, smart people are realising that it's one of the best ways to protect – and even increase – their purchasing power.

However, bitcoin's code includes a feature that is both anti-inflationary and deflationary. As a result, fewer and fewer bitcoins will reach the market over time.

The "halving" feature in bitcoin's code is a deflationary feature. A bitcoin halving is when the value of a bitcoin is reduced by half.

Once every four years, the supply of new bitcoin is cut in half.

In 2012, the first bitcoin halving reduced daily bitcoin production from 7,200 to 3,600.

In 2016, the second dropped from 3,600 to 1,800. The most recent halving was in 2020 when it was reduced from 1,800 to 900.

Before new bitcoin is no longer produced, there will be 29 more halvings. In 2024, the next one will reduce the new supply of incoming bitcoin from 900 to 450 per day.

Then, in 2028, bitcoin will halve once more, and so on, until the final halving in 2140.

That is the story that has been told to everyone. But I'm here to tell you that all those halvings don't matter.

They are no longer relevant.

In 2022, the true "Final Halving" will occur. And it will render all previously planned halvings obsolete.

The Final Halving is not one of the pre-programmed halvings for bitcoin. Bitcoin's pseudonymous creator, Satoshi Nakamoto, did not code it.

It's a bit bigger.

Here's what's happening._

A group of bitcoin insiders has accomplished what was previously thought to be impossible.

They've found a "backdoor" way to reduce the amount of bitcoin coming to market to zero... but instead of waiting until 2140, my research indicates that it will happen in 2022.

In just one year, this will "pull forward" 118 years of halving gains.

It's like Oil Shock from the 1970s on steroids... And no one seems to be talking about it.

Consider the possibilities.

Every time bitcoin's price has halved, it has sparked a massive bull run. A 10x gain was triggered by the 2020 halving. A 50x gain was triggered by the 2016 halving...

And the 2012 halving resulted in a 100x increase in value from then to now.

And the value of some of the smaller bitcoin-related coins has increased by a factor of 100. In the months following bitcoin halving, prices skyrocketed by 200x and even 500x.

Consider what could happen if you did not just one halving but the equivalent of 29 halvings all at once.

By next year, I'm talking about a potential 100% supply shock in one of the world's most valuable asset classes. This is the first time we've ever seen anything like it.

Within the next five years, I believe bitcoin will reach $500,000 in value. From today's prices, that's a nearly 755 % increase. And when it does, we'll be able to trace it all the way back to the Final Halving.

Now, I understand why some of you might be curious. "Why don't I just buy bitcoin, Teeka?"

You should definitely purchase bitcoin.

But if that's all you get, it'll be a waste of money. You're potentially throwing away millions of dollars. And the reason is straightforward...

When there is a supply shortage, large assets (such as bitcoin) rise in value... However, it raises the value of the smaller assets that are linked to the larger asset.

As an example, consider the chip market. 

It's at the centre of the current supply chain crisis, with a supply shock of up to 33%.

As a result, established chipmakers such as Intel and AMD have seen their stock prices rise by up to 240 %. Smaller plays linked to these bigger names, on the other hand, have risen by as much as 14,000 %.

That's a whopping 58-fold increase.

In a nutshell, that's a halving. It decreases the amount of available supply, causing prices to rise. And it has the potential to propel a cryptocurrency to unimaginable heights.

This isn't the first time we've seen something like this. In our Palm Beach Confidential portfolio, halvings have resulted in some of the most significant gains.

My subscribers who bought bitcoin before it was halved in 2016 saw gains of up to 14,619 % and 26,977 %. Some of my picks soared as high as 2,950 % and 5,121 % for those who got in before the 2020 halving.

That's why my team and I have been frantically searching for the coins that will benefit the most from the Final Halving. After all, previous halvings only reduced supply by 50%; this time, it will be cut in half.

The price of bitcoin will rise as a result of the shortage, just as AMD and Intel did as a result of the chip shortage.

As a result, bitcoin's value could increase by a factor of ten from here. We've identified six plays that have the potential to soar by order of magnitude. It's almost as if you had a 50-1Ieverage without the risk of borrowing money.

That is the magnitude of these investments.

I'll explain the two catalysts for the Final Halving in this issue. Most importantly, I'll reveal the names of six tiny bitcoin-related coins that have the potential to outperform the flagship cryptocurrency.

Let me be clear: These selections are your opportunity to catch up.

So long as you get your hands on these six coins before the Final Halving begins. They have the potential to deliver the largest halving gains yet.

First Final Halving Catalyst: Drastic Supply Cuts

I've talked about crypto halvings more than anyone in the newsletter business for the past five years. And it's possible that as a result of those halvings, I've assisted more people in becoming millionaires than anyone else in the industry. 

As you can see, halvings are significant events that have the potential to drastically alter your financial situation. However, not all halvings are known.

There are some things that I refer to as -secrets." halving.

You haven't heard anything about them if you watch the news. They are unknown to the mainstream financial media.

This is due to the fact that they are not meeting with developers... They aren't being approached by blockchain startups to join their boards of directors. They have no idea what's going on here_

They're overlooking the fact that the biggest "halving" of all is about to take place. And it's all because of some shocking evidence I discovered.

As previously stated, bitcoin's code generates 900 new tokens every day. which corresponds to the miners directly. At current prices, that equates to approximately $45.4 million in new bitcoin every day.

For a day's work, it's not bad. However, there is a snag...

Bitcoin miners haven't been able to keep the bitcoin they've mined in the past. They had to sell it in order to stay afloat.

Since its inception, bitcoin has been associated with the drug trade, gun trafficking, and money laundering, making it off-limits to traditional financial institutions.

As a result, bitcoin miners have been unable to access traditional sources of funding.

Consider it for a moment. For years, the general public despised bitcoin. They called it a ruse. A big, respectable bank had no intention of lending money to bitcoin miners.

As a result, if you were a bitcoin miner without access to traditional sources of capital, you were forced to sell your bitcoin to fund operations.

But that's all changing now. The crypto market has seen a lot of adoption in the last few years.

Almost every major bank is now investing in cryptocurrency. Morgan Stanley, Goldman Sachs, JPMorgan Chase... the list goes on and on. As a result, the miners will be able to raise all of the funds they require through the capital markets (equity or debt).

Take, for example, Cipher Mining. It had been mining bitcoin for years but had to sell it because no major financial institutions were willing to fund it.

What's more, guess what?

Fidelity and Morgan Stanley invested $425 million in this project recently.

Do you think Cipher will ever have to sell its bitcoin again now that it has $425 million in cash?

The answer is -no."

Marathon Digital, another bitcoin miner, recently received a $100 million credit line from a Wall Street-backed bank, with bitcoin as collateral.

It can buy all the new mining equipment it needs without having to use any of its bitcoin.

Marathon couldn't even get $1 million from a bank three years ago, let alone $100 million.

I was shocked when I saw this. In this market, I realised we'd entered a new phase. Miners will begin to raise funds from the public markets. They won't have to sell bitcoin ever again.

Miners have rapidly reduced the number of mined bitcoins they transfer to exchanges in the second half of the year. Mining companies used to make these transfers to sell bitcoin that they had mined.

Clearly, they are no longer making these moves at the same level. Since the beginning of the year, that number has dropped by 61%.

Miners are currently transferring around 134 bitcoins per day, implying that the average miner is only selling 14.9% of their daily bitcoin haul. In other words, over 85% of the bitcoin miners' daily earnings are kept off exchanges and unavailable for purchase by anyone - including investors, institutions, and funds.

There will soon be no new bitcoin available to the general public. This is why I call these halvings "secret." Nobody has taken bitcoin hoarding into account in their models.

So, returning to the 900 bitcoins that are unlocked each day__ How many of those will be allowed into the market by the miners? Who are the gatekeepers of new bitcoins?

My team and I did a deep dive into bitcoin miners' financials. And based on the most recent hoarding statistics. By next year, we expect the miners to be responsible for a 98.2% drop in new bitcoins entering the market per day.

This reduces the newly available bitcoin from 900 per day to 16 per day.

However, for this to be a true Final Halving, we must see a 100 % reduction. What about the other 16? This brings me to the second part of this tense setup...

Second Final Halving Catalyst: Demand Shock

Keep in mind that halvings have two sides: supply and demand.

So far, so good. I've only gone over the supply side of things. And while supply is dwindling, demand is soaring.

According to a report released by Pantera Capital in November 2020, popular payment platforms Square and PayPal are buying up 100% of all newly created bitcoin.

Pantera Capital, as well as popular payment platforms Square and PayPal, are buying up all newly created bitcoin.

This year, a number of bitcoin exchange-traded funds (ETFs) have launched in Canada. At least nine suggested ETFs are currently being reviewed by federal regulators in the hopes of being approved.

But another area that no one is talking about is about to see an unprecedented demand shock: Credit cards.

Allow me to explain.

Bitcoin rewards are now available on a number of credit cards. You can get up to 2% back in bitcoin if you use Visa. Additionally, Mastercard is accepted. You can now get up to 3% back on your investment.

This will be a massive ongoing source of demand that no one has anticipated. No one has factored in this demand in their bitcoin price models; it bears repeating.

And this brand-new type of demand will gobble up the remaining bitcoin supply like no other.

Consider it this way...

Would you take anything else if you could be paid in bitcoin, which has averaged 230 % annual returns over the last decade?

Would you rather have dollars than bitcoins as a reward? What about points from Diners Club or airline miles?

Typical credit card rewards earn the average person $548 per year. If a bitcoin rewards credit card had been available ten years ago, the average credit card user would now have an $11 million bitcoin reward fortune.

According to Michael Saylor, CEO of MicroStrategy, bitcoin's price could increase by 100x in the next few years.

People who switch their rewards from dollars to bitcoin today could end up with $584,000 in bitcoin in as little as 8 years if this happens. Just based on their credit card spending, that's $584,000 in free money.

Let me rephrase the question: Would you ever want a credit card that did not pay you in bitcoin?

Bitcoin sounds a lot better to me. In fact, in comparison to bitcoin, all other rewards are nearly worthless.

Bitcoin rewards are already driving people insane. The average credit card is used for $5,000 in annual spending.

However, the average annual spending on bitcoin rewards cards is $30,000. People are using these cards six times more than they were six years ago.

Because they are eager to reap the benefits of bitcoin, people are using these cards six times more than traditional credit cards.

This is why Mastercard is launching a cryptocurrency-backed credit card in Asia.

Again, this is a novel demand that has yet to be modelled. This level of transactional demand for bitcoin has never been seen before.

Credit cards handle $35 trillion in transactions each year around the world. That's a significant sum of money, and a significant portion of it is destined for bitcoin.

So, let's return to my model. How many bitcoins will be lost per day as a result of this?

Let's be conservative and say that only 1% of credit card transactions result in a 2% bitcoin reward. According to these projections, new demand for bitcoin could reach 276 bitcoin per day by next year.

There is far too little bitcoin to go around. Can you see why any further halvings are pointless?

Our calculations show that if credit cards continue to gain traction, the remaining supply could be depleted in as little as two months. So, in two months, we could wake up to find that all of the new bitcoins have been accounted for.

This is why I refer to this occurrence as the Final Halving. Because we're talking about a once-in-a-century surge in demand combined with a severe supply shock to deliver more than a century's worth of halving’s all at once. 

Bringing It All Together

Please don't put it off any longer, friends. Before the Final Halving occurs, you must get ahead of it.

Don't bother with computer chips. Forget about skyrocketing housing costs. Forget what you think you know about supply chain disruption... This is going to be unlike anything you or I have ever seen.

In less than a year, we've seen more than a century's worth of halvings.

That's why I'm pounding the table and reaching out to you today to share my six picks. This could be the last time you get a chance like this.

Can I assure you that all six of these picks will soar to new heights? Can I guarantee that the Final Halving will go exactly as planned?

Obviously not. Nothing can be guaranteed in life.

However, the facts are as follows: 

This isn't the first time we've been in a situation like this. A portfolio of five halving picks was recommended by me. You could have made $82,000 if you had invested $1,000 in each of them the day I recommended them.

You could have made $138,000 the time before that.

You could have made $159,000 and $535,000 the time before that.

You could be sitting on as much as $952,116 based solely on my halving picks. But now is a different story. You've got an even better chance in front of you.

I believe the six small picks ( 3 already listed) I'll outline below will provide you with the best chance of ever profiting from a halving. The only catch is that you must act quickly before the Final Halving takes effect.

Please note: That we will not include our regular Portfolio Update in this month's issue. Some of the picks are being reorganised, as are the categories in which they will be placed. In January 2022, you can expect an in-depth update on those and all of our themes in your next monthly issue.

Note: The investments in this issue are listed in alphabetical order, not necessarily the order in which we recommend you buy them as usual. To create a basket of these coins in your crypto portfolio, use small, uniform position sizes. You can set yourself up for outsized gains without taking outsized risks by using this asymmetric betting strategy.

Risk management: As always, but no more than S200-400 into this trade for smaller accounts and S500-1.000 into this trade for larger accounts. And don't forget to use limit orders and wait for the price to drop into your buy range.


Subtipper has just tipped the top posts for this community! [00:48 GMT April 06, 2022]

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Winning posts:


What this fading BTC maxi fails to see (on purpose) and downplaying Tether: we have at least transparency and know exactly where, when and who owns what! by u/Egon_1

[tip] - 298637 sats = 0.00298637 BCH = ~1.07 USD


PSA: Elon Musk buys 9.2% stake in Twitter by u/Egon_1

[tip] - 270727 sats = 0.00270727 BCH = ~0.97 USD


Can you guess where I am? 🤔 by u/Mafalzon

[tip] - 251190 sats = 0.00251190 BCH = ~0.90 USD


BCH Unlimited 1.10.0 now out. Let’s get ready for the May upgrade! by u/BU-BCH

[tip] - 78148 sats = 0.00078148 BCH = ~0.28 USD


 

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NFT MIAMI 2022 + Bitcoin Miami 2022 Events + Platform Update | EarthFund TV Update April 05 2022

https://www.youtube.com/watch?v=BOmVHaUXVVM

MAXIM MAGAZINE BITCOIN PARTY - Friday in Miami

MAXIM MAGAZINE PARTY AT HYDE BEACH FOR THE BIGGEST CRYPTO WEEKEND OF THEM ALL, BITCOIN 2022
MAXIM MAGAZINE BITCOIN PARTY

Fri, Apr 8 2022, 9:30 PM till LATE

  • Top Miami DJs
  • 100s of Top Models & Influencers
  • Worldwide Investor & Celebrity Guests

At Hyde Beach in Miami -- early arrival highly recommended for this highly anticipated event. Secure your VIP Tables and Limited Tickets before it sells out!! 📷
Don't miss out on this year's Maxim Bitcoin Party at Hyde Beach on Friday, April 8th. Bitcoin 2022, dubbed the "world's largest" Bitcoin conference, will be happening in Miami, FL.

There's never a sexier affair than when Maxim puts on their proactive attire for a party in Miami. Actors, musicians, super models, celebs, and socialites ... Maxim mixes all the right ingredients to ensure their event is always one of the most aspirational, exclusive, publicized & celebrity-attended events. 

Early Arrival is Highly suggested for this highly anticipated event. Book your VIP Tables & Limited Tickets before it sells out!


Bitstop to Unveil ATM That Dispenses NFTs at Bitcoin 2022 Event in Miami