Sunday, December 18, 2022

10 Facts You Need to Know About NFT Gaming

NFT Gaming is an emerging trend in the gaming industry. For a few years now, several different gaming platforms have included the concept of non-traditional or "Non-Fungible Token gaming. Using NFTs, which are digital assets, is central to this gaming style.

NFT Gaming is a lucrative choice due to the fact that these assets may be used to purchase virtual goods and services within games. Of course, a few ruffles need ironing out before NFT gaming can provide a pleasurable and rewarding experience for all players.

Are you curious to learn more about how NFT gaming works? In this session, Uniping will go through the top 10 facts about NFT gaming and where the industry could be heading in the future.

What Are NFTs in Games?

A "Non-Fungible Token" is a blockchain-based digital asset. For those unfamiliar with the NFT world, this may sound like a lot to take in at once. For the sake of simplicity, NFTs are defined as digital entities that cannot be copied in any form.

Well, you could download the media and share it online. However, the buyer continues to be the NFT's legal owner. Making a copy of something from the NFT store is the same as taking a picture of a painting. Simultaneously, a validated token proves that the buyer is the exclusive owner of the original.

NFTs are increasingly present in many fields, including creative ones like art, sports, music, fashion, and gaming.

In-game assets such as playable characters, skins for existing weaponry, and other cosmetics are common examples of non-fungible tokens in the gaming industry.

How does NFT work in Gaming?

In the gaming industry, NFT enables the production of incommensurable digital goods. This gives players the same sense of ownership over a digital object within a game as they would over a tangible product.

While a digital item cannot be held in one's hands like a tangible collectible, it might have the same allure. You may use it as a conversation piece or a keepsake for a particular occasion. The digital collectability of NFTs in games is not restricted to in-game goods, which is one of its finest features.

Many things are possible to include. New gameplay possibilities arise when NFTs are implemented in a video game. Adding unique objects that may be used in-game and equipped by your characters adds a new layer of realism.

Items, skins, and even talents are valid forms of non-equipment downloadable gaming content (NFTs). In addition, NFTs may be utilized to make digital reenactments of significant moments from the game. A digital token may be obtained that signifies a memorable event while playing the game.

10 Things You Need To Know About NFT Gaming

NFT gaming will add value

Let's start with the most important one. Unlocking and enhancing previously played games is possible using NFTs. Chris Clarke, co-founder and CEO of KokoSwap, says, "If the player is putting their value into the game, it just makes full sense they can take this value out of the game."

As seen by the incorporation of Quartz, its proprietary platform, and Digits, its native in-game NFT, Ubisoft agrees with this assessment.

Quartz was first released by the publisher at the end of 2021, but despite negative fan reception, the company persisted. This is vital, as NFTs have the potential to launch a robust secondary market for virtual goods and services.

Quartz provides free-to-play (FTP) cosmetic goods for its open-world tactical shooter Ghost Recon Breakpoint to active players regularly, with many of these things being time-dated to reward players who have been with the game for an extended period.

Because of NFTs, people may own virtual items outright and decide how to handle them by trading, selling, or simply keeping them. The concept of a player being able to win real money in a game is not new, but NFTs provide more security and customization.

The Game is In the Player’s Hands

Micro-transactions and season passes have become standard ways for players to acquire content in video games. However, NFTs give the players more control, enable them to sell things, and reward them with a cut of future profits.

For gamers who grew up selling their old games for cash to buy new ones? This is a major boon for video games in the digital era.

The popularity of "Play-to-Earn" games will skyrocket

Having a domestic economy and market would be beneficial. The success of Play-to-Earn games like Axie Infinity (which uses "Axies," similar to Pokémon) demonstrates the industry's future direction.

Several players make a career solely on their participation in such games. Play-to-Earn games like Axie Infinity will continue to be popular because of their 3 million daily users (opens in new tab).

Many Play-to-Earn games resemble popular non-NFT games like Pokémon and Stardew Valley; however, others have been called "backdoor blockchains" in which the primary focus is collecting and trading bitcoin.

Aleksander Leonard Larsen, the co-founder of Axie Infinity, disclosed this fact at a metaverse panel discussion at Token 2049: half of the game's participants have never utilized bitcoin before playing the game. This demonstrates how NFT games may aid in the refinement of UX design and the dissemination of blockchains.

The process of acquiring an Axie in a Play-to-Earn game, especially one as popular as Axie Infinity, may initially seem daunting. Still, with all the cryptocurrency wallets, entry fees, hidden expenses, and so on, that must be dealt with first.

There is an opportunity for development by combining the greatest features and UX design from Play-to-Earn and Free-to-Play models.

Volatility difficulties likewise plague play to Win. Because of fluctuations in item prices, many players may decide to quit a game to withdraw their funds. There may be issues if the incoming numbers can't equal or exceed the outgoing ones.

Still, the structure of Play-to-Earn games is similar to that of Free-to-Play games, so players may become involved with them if they keep "Play" as the top priority above "Earn" and aren't just money-grab trade applications disguising themselves as adorable animals.

Interoperability is Key

Are you considering trading your NFTs for Ubisoft titles in a transfer and exchange? (Photo courtesy of Ubisoft) It's both a big word and a big idea. The NFT collectible is flexible and may be used in a wide range of games.

The NFT is immutable because it is recorded on the blockchain, where its owners and data can be monitored. Because of this, it is possible to move it between games that use the same blockchain or different blockchain using NFT bridging - When using an NFT bridge, a user would deposit their NFT into a smart contract on network X and get the deposit confirmed by signatures from the oracles. These signatures will allow the NFT holder to use a smart contract to create a duplicate of their NFT on network Y. If they want the original NFT back, they need to send their duplicate NFT on network Y over to the bridge where it will be burned. They then need to ask the oracles for signatures to authenticate the burning, after which their original NFT on network X will be released.

Games will lead the metaverse

Inspired by NFT, games like Splinter lands and Axie Infinity are years ahead of the curve. Who is hoping to benefit from both blockchain technology and the metaverse?

The metaverse will include the world of gaming. NFTs will be the connecting thread that links these smart technologies to the rest of the digital world.

The NFT games will combine the virtual and the physical

The NFTs in FIFA are an intriguing idea. The NFT exclusive Spurs jersey, which (we'll assume) you did not earn or purchase in the game. It could be helpful for more than just showing off to your friends while playing a game.

NFTs are currently being developed as a novel method of connecting the real and virtual worlds. Like KokoSwap, it often hosts events for its users.

Improvement of in-game collectibles

Here is where major game developers are beginning to investigate NFTs. After 35 years of Castlevania, Konami published a collection of NFTs to celebrate the franchise's anniversary. However, the move was met with criticism from loyalists.

While the average price of these NFTs was $12,000, their popularity and the existence of a market despite this fact are clear. Gamers frequently engage in the habit of amassing rare items and in-game relics.

NFTs are the next big thing, like Kick-starter

The idea of crowdsourcing funds is not novel. Users have had the option to launch games on Kick starter for some time now. The benefits include having your name on the board and being one of the first people to join. Indie gaming studios can secure funding using the NFT Platform's Game Starter.

By using NFT pre-sales for the distribution of in-game merchandise. The participants might support a free-standing game if they so choose. And take full control of a certain segment of the game world.

More rewards are on the way for fans

The NFTs you purchase in a game may be used like a key to unlock premium content. Samurai Army is being introduced by G2 E-sports, a major player in the e-sports industry. Tokens for entry into a private social club have been created using various NFTs. Advantages related to fun and excitement when gaming is provided.

Revival of the Fitness Games

Nintendo's Ring Fit was the first game of its kind to focus on physical activity. Think about the potential of NFTs to turn your hard work into cold hard cash.

Move-to-Earn is based on this principle. Steppn is one of the first games that provide financial incentives for reaching step objectives, similar to those found in Couch to 5K programs.

Final Verdict

NFT is a revolutionary gaming experience. It's the future. Current production includes new NFT games. Existing ones are improving.

Through global development, we may witness a new game genre that fully encompasses the NFT gaming experience while smoothly incorporating blockchain.

This is the beginning of future video game standards. If you need more information on NFT gaming, visit Uniping!


HEADS UP: GENESIS DCG BANKRUPTCY

You might want to go here and start reading:

https://www.google.com/search?client=opera&q=dcg+insolvent&sourceid=opera&ie=UTF-8&oe=UTF-8#ip=1

Never A Dull Moment in ToyTown . . .

============================> Lotta dominoes to this one . . . :(


SBF risks 115 years in jail, Binance’s FUD, and auditors quit crypto: Hodler’s Digest Dec. 11-17

Hodler's Digest SBF risks 115 years in jail, Binance’s FUD, and auditors quit crypto: Hodler’s Digest Dec. 11-17 by Editorial Staff 6 min December 17, 2022

Top Stories This Week

FTX founder Sam Bankman-Fried arrested, set to be extradited to US

Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until February, after his application for bail was denied in Bahamian court. A second application for bail has been reportedly filed by SBF in the Supreme Court of the Bahamas. His arrest came after the United States government officially filed criminal charges against him — including eight counts of fraud. If convicted, Bankman-Fried could face 115 years in jail, but legal commentators have told Cointelegraph there is a “lot to play out” in the case. The domino effect resulting from FTX’s meltdown has also impacted the professional lives of Bankman-Fried’s parents, resulting in their courses at Stanford Law School being canceled. In other recent developments regarding FTX, a class-action lawsuit against Silvergate Bank was filed in California, aiming to hold the bank accountable for its alleged roles in placing FTX user deposits into the bank accounts of Alameda Research.

*****Binance ‘put FTX out of business’ — Kevin O’Leary*****

Venture capital investor Kevin O’Leary claimed at a U.S. Senate committee hearing that Binance and FTX “were at war with each other, and one put the other out of business intentionally.” The hearing was part of a larger investigation by lawmakers into FTX’s collapse, in which Binance had a significant role, O’Leary claimed. Recent days have seen Binance beset by fear, uncertainty, and doubt (FUD), resulting in a drop in the exchange’s liquidity. Crypto analytics firm Nansen reports that Binance had net withdrawals of more than $3.6 billion from Dec. 7 to Dec. 13.

Read also [Features Blockchain and the world’s growing plastic problem

](https://cointelegraph.com/magazine/blockchain-and-the-worlds-growing-plastic-problem/)[Features Exoduses and Ex-Communications: Blowing Off Steemit with Andrew Levine

](https://cointelegraph.com/magazine/steemit-andrew-levine-tron-acquisition/)

***Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape*

United States lawmakers are under pressure to enact crypto regulations in light of the collapse of FTX, and Congressman Tom Emmer believes that this is “probably a good time” to re-introduce a bipartisan bill that would lift requirements for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs). The bill, titled the Blockchain Regulatory Certainty Act, aims to remove some hurdles and requirements for “blockchain developers and service providers,” such as miners, multi-signature service providers and decentralized finance platforms.

*No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios*

Two of the most prominent auditors have suddenly stopped offering crypto auditing services. At a critical moment for the crypto industry, Mazars Group removed Binance’s proof-of-reserve audits from its website just days after confirming the crypto exchange controlled 575,742 Bitcoin. The decision affected other crypto exchanges using Mazars’ services, such as Crypto.com and KuCoin. Later, Mazars explained the pause was due to “concerns regarding the way these reports are understood by the public.” Accounting firm Armanino has also ended its crypto auditing services. Armanino has worked with several crypto trading platforms like OKX, Gate.io and the embattled FTX exchange.

MetaMask to allow users to purchase and transfer Ethereum via PayPal

In another move into the crypto space, PayPal teamed up with MetaMask parent company ConsenSys to allow the purchase and transfer of Ether (ETH) through its platform. By logging into the MetaMask app, users will be able to access their PayPal account and complete transactions.Initially, only selected PayPal users in the United States will be able to test the service. Other traditional payments companies are seeking to integrate crypto into their services. In October, Western Union also filed three trademarks for managing digital wallets and exchanging digital assets.

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $16,826, Ether (ETH) at $1,194 and XRP at $0.35. The total market cap is at $817.82 billion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Toncoin (TON) at 30.36%, Bitcoin SV (BSV) at 10.11%, and OKB (OKB) at 9.77%.

The top three altcoin losers of the week are Neutrino USD (USDN) at -33.77%, Trust Wallet Token (TWT) at -27.43%, and Chain (XCN) at -23.42%.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Read also [Features Crypto innovators of color restricted by the rules aimed to protect them

](https://cointelegraph.com/magazine/crypto-innovators-of-color-restricted-rules-protect-them/)[Features E For Estonia: How Digital Natives are Creating the Blueprint for a Blockchain Nation

](https://cointelegraph.com/magazine/estonia-digital-natives-blockchain-nation/)

Most Memorable Quotations

“Binance is a massive unregulated global monopoly now, and they put FTX out of business.”

*****Kevin O’Leary, *venture capital investor****

“I supposed it made sense. The kid was young, the principles were revolutionary, the ideas were golden. […] Who was I to challenge that?”

*Danielle Cloud**, former FTX employee*

“Our experience to date of [crypto] platforms, whether FTX or others, is that they are deliberately evasive, they are a method by which money laundering happens in size.”

*****Ashley Alder**, *appointed chair of the United Kingdom’s Financial Conduct Authority******

“Just as we are protective of our physical assets, we need to make sure that people protect their digital assets and personal information within the metaverse.”

*****Andrew Newman**, *chief technology officer and co-founder of ReasonLabs******

“Looking forward, pretty much everyone who could go bankrupt has gone bankrupt.”

***Arthur Hayes, *former CEO of BitMEX**

Prediction of the Week

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price****

Bitcoin fell below $17,000 as traders remained wary over Binance’s FUD triggering overly bearish BTC price action. On Bitstamp, BTC/USD reached multi-day lows of $16,928 on Dec. 16, according to Cointelegraph Markets Pro and TradingView data. The pair retraced its entire run to one-month highs courtesy of the latest macroeconomic data and policy update from the United States.

“Interesting to see everyone suddenly so bearish on BTC as if it’s solely acting so weak. SPX is doing exactly the same, maybe even weaker,” noted Michaël van de Poppe, founder and CEO of trading firm Eight, questioning whether the Binance FUD really had a role to play in the markets.

FUD of the Week

***Microsoft bans cryptocurrency mining on cloud services***

Microsoft has quietly banned crypto mining from its online services to increase the stability of its cloud services and better protect customers from risks like cyber fraud, attacks and unauthorized access to resources, according to a report. The new restrictions were introduced on Microsoft’s universal license terms, citing that “mining cryptocurrency is prohibited without prior Microsoft approval.” With this move, Microsoft joins other cloud computing providers, including Google, who also prohibit customers from mining cryptocurrency without prior written consent.

*‘Third-party incident’ impacted Gemini with 5.7 million emails leaked*

Gemini appears to have suffered a data breach from a third-party vendor. Hackers gained access to 5,701,649 lines of information related to Gemini customers’ email addresses and partial phone numbers, per documents obtained by Cointelegraph. According to Gemini, the breach was caused by a third-party vendor, but it also warned of ongoing phishing campaigns. The leaked database did not contain any sensitive personal information such as names, addresses and other Know Your Customer information.

SEC sues Atlas Trading for $100M stock manipulation scheme

The United States Securities and Exchange Commission (SEC) filed a claim against eight individuals associated with the Discord-based forum Atlas Trading for alleged stock manipulation. The SEC reported that bloggers made at least $100 million by acquiring substantial positions in securities, recommending them to their followers, and then selling their shares to capitalize on the demand they generated by their “deceptive promotions.” Cryptocurrencies and other digital assets were not mentioned in the complaint.

Best Cointelegraph Features

Should crypto projects ever negotiate with hackers? Probably****

Some security experts think negotiating is a smart way to get back most of the stolen funds, while others argue you should never give in to extortion.

***Can Bitcoin survive a Carrington Event knocking out the grid?*

A massive Carrington Event-level solar storm could knock out the majority of electronics on earth. Would crypto survive everything going offline at once?

Listen up! Cointelegraph launches crypto podcasts, starting with 4 shows

Want more crypto content? Cointelegraph’s new podcast section features four separate shows exploring a variety of impactful topics.

Subscribe The most engaging reads in blockchain. Delivered once a week.

Editorial Staff

Cointelegraph Magazine writers and reporters contributed to this article. Read also [Features How to stop your crypto community from imploding

](https://cointelegraph.com/magazine/stop-crypto-community-imploding/) by Max Parasol 14 min November 8, 2022 [Hodler's Digest Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed, and FTX inks deal with BlockFi: Hodler’s Digest, June 26-July 2

](https://cointelegraph.com/magazine/jed-mccaleb-xrp-bag-almost-gone-ethereum-difficulty-bomb-delayed-ftx-inks-deal-block-fi-hodlers-digest-june-26-july-2/) by Editorial Staff 6 min July 2, 2022 Most popular [Features Toss in your job and make $300K working for a DAO? Here’s how

](https://cointelegraph.com/magazine/toss-in-your-job-and-make-300k-working-for-a-dao-heres-how/) byNataliya Ilyushina September 22, 2022 [Features How to prepare for the end of the bull run, Part 1: Timing

](https://cointelegraph.com/magazine/how-to-prepare-for-end-of-bull-run-part-1-timing/) byAndrew Fenton 10 min September 3, 2021 [Features WTF happened in 1971 (and why the f**k it matters so much right now)

](https://cointelegraph.com/magazine/wtf-happened-in-1971/) byAndrew Fenton 15 min September 24, 2020 [Features Sell or hodl? How to prepare for the end of the bull run, Part 2

](https://cointelegraph.com/magazine/sell-or-hodl-how-to-prepare-for-the-end-of-the-bull-run-part-2/) byAndrew Fenton 10 min September 8, 2021 [Journeys Child’s play: Gajesh Naik, 13, manages a fortune in DeFi

](https://cointelegraph.com/magazine/minor-danger-defi-wunderkind-gajesh-naik-13-manages-a-fortune/) byElias Ahonen 10 min July 2, 2021Original Article

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DCI30 REPORT: 12/18/2022 (TLDR Edition)

This is a TLDR Report version, for the most recent regular non TLDR report edition (that explains what the DCI30 is, etc), see:

https://www.reddit.com/r/DorothysDirtyDitch/comments/z2z3sy/dci30_report_11232022_post_fed_speakies/

Not much has changed since. (Except for the CryptoVerse imploding & SBF getting locked up sans vegan fare-you know, small scale FUD stuff.)

9:54am pst: No change from yesterday, with two weeks left on the 2022 clock as loss/sell season winds to a close.

At present I am 50% short, 50% long.

Longs are kept on a very short leash.

ATOM (the coalmine canary) Tide has already turned heavy negative, and ETH is on the edge of turn as well.

***

TLDR: same speaky as yesterday, until item 1.1 below.

I am of the camp that believes the SBF Follies have not yet gotten "properly" underway. Perhaps they won't, though I doubt that. Binance is experiencing massive withdrawals, and the party looks pretty over. The US FEDS are on a witch hunt rampage now, and the press is selling this hard (negative) at every op. Not good gang. This time IS different, in so many meaningful ways.

Lacking a crystal ball, I have no idea on event or timing. All I can do is watch the data, and see if the narrative unfolds. We can limp along like this for a while, but a trap door can open any minute. The only market movement are the exchange whales playing their pathetic come hither game, to a bunch of would be participants who have developed shell shock:

SBF on left, CZ on right.

Not the making of healthy market action.

It's a real pit of vipers to trade. I am remiss to weight longs without a capitulation event to enter with, and careful about shorting in size-as SKYNET loves to clean the position clocks if you lay them out too vulnerably. Liquidity is going towards zero. This makes wild price swings du jour-and not indicative of much anything else. Light positioning at outlier extremes via ladder trade is an excellent way to trade this market.

I am concentrating on BTC & ETH, as they have some organic volume. SKYNET can very inexpensively push prices about 10-20% without breaking a sweat these days. This movement has zero to do with anything you can TA or DYOR-for it is nothing more than a clash of the exchange titans, ie: SKYNET Gangster$. Hence ladder trading of outlier extremes in both directions.

The manip can be charted and worked, but there is no telling when SKYNET will pump an alternate reality for a time. You can pay SKYNET for the favor (use stop losses), or you can hunker down and hodl on through the move until it passes, (which is what I do 24/7).

My crypto outlook? Market Down, no question. When? Any time! How far? -50% avg would not surprise me.

Pay attention to longer term averaged price data to see future potential. If the Tides keep flipping, I may have to move the Tide time base from 14 to 28 days, etc......to better represent actual trend, as opposed to the SKYNET flippancy of the day, (which is ruining the directional value use of the Tide Arrow Indicator).

So let's focus there below . . .

***

1.1 THE ONE CHART THAT RULES THEM ALL: TIPS ETF

10:10am pst: TIDE Arrow now negative & Trend Support broken. That was (too) fast!

That dashed green line is DDT Day Trend OHR developed over a YEAR. The vertical blue is where tides are computed from-2 weeks back to date. If you chart that, you see that lower highs and lower lows has reversed the Tide quickly. This one has solid support under, and solid OHR over-a real pressure cooker of a TA set up.....now breaking down as flagged yesterday.

CHART LINK: https://www.tradingview.com/chart/wNsPO8kT/

TIPs is now retracing in a concerted downtrend, this "should" erase market support into year end. Santa Rally? There were no issues here, until inflation tamed and the FED didn't dole out the candy this week. Now "voila!", there seems to be "issues"-but I don't think that will hold in the chop bucket environ. IF SBF et al hadn't screwed us all, I would be crypto bullish here, but that is not the case, alas.

.

1.1.1 TIP et al Divergence Watch:

10:12am pst

CHART LINK: https://www.tradingview.com/chart/NfF1wY28/

BTC Divergency sharply closed. "Nice" CPI data has made the pivot acolytes "give up" here.

Bitcoin looks more stable because it is a thinner market that can be artificially stabilized very efficiently, (ask CZ). That stabilization may get a challenge here into year end as tax loss selling et al gets going, we'll see.

Coin Correlations outside of big broader market moves, remain weak/inconsistent generally-the latter point above likely why.

.

1.2 THREE COIN MERGE/DURGE/PURGE MACRO VIEW:

HEADS Up-Positive BTC & ETH TIDEs have turned Neutral-ATOM canary has already died (turned negative).

10:13am pst

CHART LINK: https://www.tradingview.com/chart/kihTNtqA/

3 Coins To Represent This Lemmings Come Hither Market: BTC (patriarch-white), ETH (matriarch-teal), ATOM (the energetic kids-blue).

Correlation to one another was tight here-then ATOM canary divergently died on the vine...a coal mine canary as confirmed today. ATOM Tide is first to be negative-telling that....BTC/ETH have shifted Neutral, ATOM was the Cassandra here:

Cassandra's telling you: ATOM is trying to get the message across.

.

1.3 THE CRYPTO MARKET TREND SPOTTER: "BTC Watch"

10:15am pst

Stair step down pattern clear here. Pattern A1 and A2 consolidate, flip up near the dump-then dump. Pattern A2 getting back underway, we'll see if it runs hard on "The CryptoWorld is Ending" FUD narrative being pushed by the SKYNETPress Depot everywhere now.

CHART LINK: https://www.tradingview.com/chart/8wgeh9Uj/

.

If you are an active or learning trader, I strongly recommend you read recent posts and their updates, as day to day I may not repeat important post items, only slather on new data as I find it. :)

There is a free treasure trove of information here, stuff you will find nowhere else, (original content):

https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/

Good Luck & Viva La Share-IF YOU SEE IT IN THE DATA, PLEASE CALL IT OUT, (no narratives por favor)!

\*\**

1.9 UPDATES FOLLOW, (trades I make are in comments section-posted when time permits):

.

3.0 ETHERIUM DDT TA SCALP LADDER:

10:21am pst: this is what I am trading from today, 5m view.

Red Rungs are short entry (or long exits), Green Rungs are long entry (or short exits), dotted yellow is the 50/50 "your choice line of scrimmage". (Upcoming Ladder Lesson will show how to implement and run these ladders.)

I am presently short off the 1189 rung zone:

short call (in yesterday's dci30 thread)

CHART LINK: https://www.tradingview.com/chart/OJpE4JyA/

Barchart Opinions.

Barchart Opinions.

So here you have a DDT Ladder placed against Barchart Machine #'s. Anyone wanna take the DDT Challenge on that haha. (Don't!)

The machine averages are relevant, but far too clunky to generate scalp alpha, (try them and see).

DDT Ladder Charts generate alpha activity by working real time relevant pivots.

And that 100% SELL? Oh my, that's emphatic! Well, do that, and you'll miss this action 24/7:

Long is 1/2 the scalp trade world, there is rarely \"100%\" of anything in play....thinking otherwise is limiting narrative thought-which prevents requisite TradeVision. :)

================> Note: Ladder Charts are Stair Step Charts-zoomed in.

.

5.0 WISDOM(not) OF CROWDS DEPT:

(this space intentionally left blank as oxymorons are not permitted in section titles)

.

6.0 THOT($) FOR THE DAY:

Old Black Swan meet New Swan Noir!

.

12.0 MISCELLANEOUS EVENT & DATA POST SECTION (ie: everything else goes here Virginia):

.


Argentina is a Champion!!! 💪💪💪

https://i.redd.it/zg3yauyzlq6a1.jpg

Holiday Reading List

Happy Sunday to you all! I've been taking notes since I joined you all in Feb 2021, and I wanted to share my reading list, in case you were looking for something to read during the holidays. This is stuff I'm interested in, so it might be a slightly weird mix. As befits an ape.

"A Demon of Our Own Design" (Richard Bookstaber) - foreshadows 2008 crisis, draws LTCM and 1987 crash as themes

"Against the Gods: The Remarkable Story of Risk" (Peter L. Bernstein) - history of risk in trading

"All About High-Frequency Trading" (Michael Durbin) - rise of HFT technique

"All The Devils Are Here" (Bethany McLean, Joseph Nocera) - general 2008 crisis shit (use for sources)

"All The President's Bankers" (Nomi Prins) - outlines history of Wall Street's interference in the White House, from Panic of 1907 to Obama's tenure

"A Manifesto for Social Progress" (Marc Fleurbaey) - guide to defeating corporate robber barons

"American Kleptocracy" (Casey Michel) - primer on how financial corruption around the world moved to America

"A Random Walk Down Wall St" (Burton G. Malkiel) - good overview of markets, not super in depth

"Autoworkers Under the Gun" (Gregg Shotwell) - story of how Delphi Auto (spinoff of GM) was destroyed to pass pension obligations to taxpayers and loot the corp (from a Delphi worker)

"Ayn Rand Nation" (Gary Weiss) - look at Ayn Rand's influnce on key people in regulation slashes (i.e. Alan Greenspan)

"Bailout" (Neil Barofsky) - ex Special Inspector General of Troubled Asset Relief Program (TARP) writes a memoir arguing that the US Treasury is now an unofficial extension of Wall Street

"Barbarians at the Gate" (Bryan Burrough, John Heylar) - fall of tobacco conglomerate RJR Nabisco (extremely detailed and well sourced descriptions of world of 1980s leveraged buyouts)

"Beat The Dealer" (Edward Thorpe) - guide to beating blackjack (dated to 1960s games, so more of a snapshot of history)

"Beyond Bitcoin: Decentralized Finance and the End of Banks" (Steven Boykey Sidley, Simon Dingle) - gud intro to DeFi

"Birth Strike: The Hidden Fight Over Women's Work" (Jenny Brown) - look at money and people involved in trying to increase birth rate, with argument that it's an intentional attempt to create a perpetual United States labour pool

"Black Edge" (Sheelah Kolhatkar) - biography of Steve A Cohen and his various speculatory bullshit; it serves as argument for why corporate crime is never prosecuted or punished

"Black Tuesday" (Nomi Prins) - novel on the Crash of 1929 (more fictional and inspired by real-life events, so use for finding sources more than as a source)

"Black Wall Street" (Hannibal B Johnson) - covers US neighborhood that tried to start its own investments

"Blood in the Streets" (James Dale Davidson, William Rees-Mogg) - 1987 book about disaster investing (seminal bc this is when LTCM fell apart)

"Broken Markets" (Joe Saluzzi) - HFT

"Bull By The Horns" (Sheila Bair) - former head of the FDIC during 2008 crisis writes account of Tim Geithner (former US Treasury Secretary), as a wider examination of Citigroup & others

"Bully Market" (Jamie Fiore Higgins) - expose book from a Goldman Sachs alum (whole career there; 1998-2016); main expertise was in keeping hedge funds net short • Book Explanation wallstreetonparade.com/2022/08/goldman-sachs-secrets-spill-out-in-new-book-by-a-former-managing-director/

"Citizens DisUnited" (Robert A. G. Monks) - describes rise of "manager-kings" in US, uncoupling shareholders from power over company decisions

"Collateral and Financial Plumbing" (Manmohan Singh) - textbook on how collateral works and is moved

"Collusion" (Nomi Prins) - discussion of post-2008 bailouts, & makes argument that another large crash is inevitable

"Confessions of an Economic Hitman" (John Perkins) - international fuckery, author may or may not be trustworthy

"Confidence Men" (Ron Suskind) - US journalist writes acc of White House from 2008-2011 (feat. Tim Geithner, Rahm Emanuel, Peter Orszag, etc)

"Conspiracy of Fools" (Kurt Eichenwald) - Enron

"Crack the Funding Code" (Judy Robinett) - guide for business owners looking for private funding (i.e. VCs); of particular help is the sections about when to walk away from funding offers

"Crisis of Confidence: Whistleblowing in an Age of Fraud" (Tom Mueller) - makes case that all of America's gov entities have been corrupted by greed

"Dark Pools" (Scott Patterson) - take on HFT, broker-owned dark pools, and electronic trading; written as a follow-up on his former book "The Quants" pdfdrive.com/dark-pools-e58493704.html • Supplementary Info (SOES Bandits, aka Small Order Execution System): -> ft.com/content/6dcd1560-56f9-33de-909d-5849860a86f9 -> investopedia.com/terms/s/soesbandits.asp -> openresearch.ocadu.ca/id/eprint/95/1/FTsonis_MFA_Thesis.pdf -> reddit.com/r/Superstonk/comments/yx51lx/catskillcrypto/iwnvnxp -> traderlife.co.uk/interviews/pod-chats/trader-interview-scott-patterson-dark-pools/

"Dark Towers: Deutsche Bank, Donald T****, and an Epic Trail of Destruction" (David Enrich) - collection of interviews regarding dealings of Deutsche Bank -> no asterisks, bot just won't let me post if I include his full last name lol

"Debt: The First 5000 Years" (David Graeber) - history of debt (possibly not reliable, check author's credibility first) -> warwick.ac.uk/fac/arts/english/currentstudents/undergraduate/modules/fulllist/special/statesofdamage/syllabus201516/graeber-debt_the_first_5000_years.pdf

"Den of Thieves" (James B. Stewart) - insider trading schemes of 1980s, with a focus on leveraged buyouts & similar

"Derivatives and Risk Management" (R. Madhumathi, M. Ranganatham) - read in Google Books for VW squeeze (p152)

"Dreamland" (Sam Quinones) - story of how sugar cane farmers created a new distribution system for opiates to enter the US from 2000-2015 ish -> Companion Article (same author): theatlantic.com/magazine/archive/2021/11/the-new-meth/620174

"Empire of Pain: The Secret History of the Sackler Dynasty" (Patrick Radden Keefe) - history of Sackler family, their central role in opioids crisis, founding of Purdue Pharma + marketing of pharmaceuticals • Companion article on why FDA did nothing (McKinsey was consulting for both FDA and Purdue Pharma) - nytimes.com/2022/04/13/business/mckinsey-purdue-fda-records.html

"Engineering in Plain Sight: An Illustrated Field Guide to the Constructed Environment" (Grady Hillhouse) - book from guy who runs Practical Engineering YouTube channel, regarding water infrastructure

"Fast Food Nation" (Eric Schlosser) - extensive research on US fast food industry, from meatpackers to ads

"F.I.A.S.C.O." (Frank Portnoy) - 1990s derivatives structurer writes on subject

"Fixers" (Michael M. Thomas) - points out how Wall Street retains influence in US government, regardless of President

"Flash Boys" (Michael Lewis) - high frequency trading interviews (warning: a lot is correct, but a lot is incorrect too)

"Fooling Some of the People All of the Time" (David Einhorn) - author provides comprehensive look at Allied Capital & subsidiary Business Loan Express from Apr 2002 to Dec 2007 (use for sources and timelines only; author is an activist short seller for aforementioned corp, and so is likely to defend that practice)

"Green Empire" (Karthryn Ziewitz, June Wiaz) - history of St. Joe's Company (largest landowner in Florida)

"Griftopia" (Matt Taibbi) - pol journalist creates timelines for basic Wall St stuff (mainly gud for insights into Goldman); also draws argument that oil in 2008 went crazy partly bc of legislative shit influenced by Wall Street

"Hedge Hogs" (Barbara Dreyfuss) - acc of Amaranth Advisors, LLC; how it went from $9.668B in client assets in 2006, to losing over $6B in 4 WEEKS

"High-Frequency Trading" (Irene Aldridge) - highly technical book recommended by pwnwtfbbq, used to support pwn's belief that the entire stock market is algo driven

"Homewreckers" (Aaron Glantz) - list (incomplete, possibly politically biased) of people who got rich off of 2008

"Hopeless" (anthology of works, edited by Jeffrey St. Clair and Joshua Frank) - about Obama's rise, corruption involved

"How Wall Street Fleeces America" (Stephen Lendman) - PPT, ESF, CRMPG, and the US gov's planned overthrow of Guatemala as early as 1951 • Companion Article: "How Markets Really Work" (Stephen Lendman) countercurrents.org/lendman290509.htm

"Infectious Greed" (Frank Portnoy) - detailed history of derivatives on Wall St

"It Takes A Pillage" (Nomi Prins) - how banks looted the Treasury and stole the 2008 bailout

"Jacked" (Nomi Prins) - conservatives in America looting money; an account of anecdotes around the US

"JPMadoff" (Helen Davis Chaitman, Lance Gotthofer) - outlines how/why JP can be charged under RICO statutes

"King Icahn" (Mark Stevens) - bio of Carl Icahn as raider and activist (use for info and maybe insights)

"King of Capital" (David Carey, John E. Morris) - history of Blackstone

"Killing The Host" (Michael Hudson) - outlines history of Wall Street's roles

"Knights, Raiders and Targets: The Impact of the Hostile Takeover" (John C. Coffee Jr, Louis Lowenstein, Susan Rose Ackerman) - academic discussion of hostile takeovers, released 1988

"Lessons Not Learned" (Susanne Trimbath) - primer on Dodd Frank Act, 2008 crisis, shorting, and settlement failures' role in the crash

"Liar's Poker" (Michael Lewis) - culture of bond trading

"Meet Me in the Bathroom" (Lizzy Goodman) - author conducted over 200 interviews to create oral history of how New York revived rock & roll 2001-2011

"Men and Mysteries of Wall Street" (James K. Medbery) - Wall St snapshot in 1878

"Merchants of Grain" (Dan Morgan) - international grain trade, dated to 1979 ("Out of the Shadows" is the update)

"Mike! Wall Street's Mayor" (Neil Fabricant) - acc of Michael Bloomberg

"Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance" (Janet Gleeson) - book on John Law + role in Mississippi Bubble

"Monopolized" (David Dayen) - personal stories from Americans on monopolies affecting their lives

"My Life as a Quant" (Emanuel Derman) - quant trading origins, precursor to HFT

"Naked, Short, and Greedy" (Suzanne Trimbath) - history of DTCC & FTDs

"Ninety Percent of Everything" (Rose George) - talks about interdependence of every part of modern economy, done in the quest for lower prices

"Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street" (Carmen Segarra) - NY Fed stuff

"No One Would Listen" (Henry Markopolos) - account of journalist who investigated Bernie Madoff and how he was ignored by the SEC

"No Shortcuts to Organizing to Win in the New Gilded Age" (Jane McAlevey) - history of union leadership trends

"Octopus: Sam Israel, The Secret Market, and Wall Street's Wildest Con" (Guy Lawson) - desperate trader gets conned; probably all bullshit, but the names and concepts are worth reading -> Danny Casolaro - journalist, looking into "Octopus" and PROMIS scandal

"Options, Futures, and Other Derivatives" (John C. Hull) - textbook; free pdf available in hell-mitc's DD

"Organized Labor and the Black Worker" (Philip S. Foner, Robin D. G. Kelley) - dense, but highly informative and detailed acc of US labor history

"Other People's Money" (John Kay) - good outline of flaws in US economics

"Other People's Money" (Nomi Prins) - describes a 15 year history in banking as an executive, day to day details

"Out of the Shadows: The New Merchants of Grain" (Jonathan Kingsman) - 2019 update for Dan Morgan's 1979 book on international grain trade

"Panic!" (Michael Lewis) -

"People Get Ready" (Robert W. McChesney, John Nichols) - account of how US democracy was corporatized, and a strategic road map to a peaceful revolution

"Permanent Distortion" (Nomi Prins) - former Goldman Sachs veteran writes scathing critique of Fed's QE as a Ponzi scheme for the rich (tread carefully; the anger is warranted but accuracy of the details is what matters in reading this)

"Policing the Open Road: How Cars Transformed American Freedom" (Sarah Seo) - analysis of how history of modern policing intersects with car's history

"Prisms of the People" (Hahrie Han) - analysis of factors that make protests and movements successful

"Private Empire: ExxonMobil and American Power" (Steve Coll) - history of ExxonMobil (1979-2010)

"Prophet of Blood: The Untold Story of Ervil Lebaron and the Lambs of God" (Ben Bradlee Jr) - detailed cult story that apparently links LeBaron family to Mitt Romney (according to descendent of LeBarons, AnnaKLeBaron, but could easily be mega tinfoil so idk)

"Quants" (Scott Patterson) - does a comparison of HFT strats to poker, and delves into the background of "Beat the Dealer" author Ed Thorp, Pete Muller of Morgan Stanley, Ken Griffin of Citadel, James Simon of Renaissance Tech, Clifford S Asness and Aaron Brown of AQR Capital Mgmt, & Boaz Weinstein of Deutsche Bank

"Reinventing Collapse" (Dmitry Orlov) - blueprint for America's collapse based on author's expertise w/ Soviet Union

"Reminisces of a Stock Operator" (Edwin Lefevre) - historical tactics for market cornering; biography of Jesse Livermore, stock speculator

"Restricted Data" (Alex Wellerstein) - history of US nuclear secrecy

"Secrets of the Temple" (William Greider) - how Federal Reserve operates

"Secrecy World" (Jake Bernstein) - tax evasion techniques by the rich

"Securities Transfer: Principles and Procedures" (Martin Torosian) - book on backend of US securities shit

"Seed Wars" (Keith Aoki) - seed patents

"Servants of the Damned" (David Enrich) - expose of Jones Day (law firm protecting giant financial interests like T****, tobacco, opioids, & minimized sexual abuse of Catholic Church) and similar entities of "Big Law" -> asterisks because bot won't let me post his full name

"Solidarity Divided" (Bill Fletcher Jr) - US labor history, focused on today

"Streets of Hope" (Holly Sklar, Peter Medoff) - tale of Roxbury neighborhood in Boston, how they overcame poverty in major chunks by organizing

"Taking Mr. Exxon" (Philip Jett) - story of kidnapping of Exxon's President on Apr 29, 1992

"Taming the Megabanks" (Arthur E. Wilmarth, Jr) - covers history of what led up to repeal of Glass-Steagall

"Tax Evasion and the Rule of Law in Latin America" (Marcelo Bergman) - tax shit for Latin American jurisdictions

"Tax Havens: How Globalization Really Works" (Ronen Palan, Richard Murphy, Christian Chavagneux) - explanation of how tax havens are integral to world economy and skew globalization costs

"Tax The Rich!" (Morris Pearl) - former BlackRock exec provides intro to how tax code gets exploited by the rich

"The Ascent of Money" (Niall Ferguson) - history of money

"The Big Short" (Michael Lewis) - more info and better timeline than movie

"The Caesar's Palace Coup" (Sujeet Indap) - 2015 restructuring of Caesar's Palace casino (involves many Kraken players: Apollo Global Mgmt, TPG Cap, Elliot Mgmt, Oaktree Capital, etc)

"The Citizen's Share" (Joseph R. Blasi) - multiple case studies used to argue people should share in profits

"The Chickenshit Club" (Jesse Eisinger) - regulatory capture of US regulators

"The Complete Guide to Contract Cheating" (Dave Tomar) - Lauer's friend wrote contract cheating (prevalence, effects, & laws against it) book

"The Creature of Jekyll Island" (G. Edward Griffin) - seminal take on rise of the Federal Reserve (tread carefully; no sources are cited, author is hardcore tinfoil believing HIV doesn't cause AIDS and various chemtrail conspiracies)

"The Death of an Heir" (Philip Jett) - story of kidnapping of Coors Brewery heir on Feb 5, 1960

"The Devil's Chessboard" (David Talbot) - depicts Allen Dulles (CIA co-founder) and his role in global economic fuckery • "Death is Just Around the Corner" (Podcast about CIA history; newest episodes are Patreon-only and prob not searchable, but backlog is gr8)

"The End of the Everything Bubble" (Alaadair Nairn) - makes argument that Wall St bullied Fed into infinite QE post 2008 (use for sources; credibility of the author is not known)

"The Failure of Laissez-Faire Capitalism" (Paul Craig Roberts) - very detailed history on US monetary policy, economic theory, and Wall St's history

"The Fed" (Martin Mayer) - organization politics of the Fed (tread very carefully, be critical of sources; author is biased and prone to snide comments)

"The Fed Unbound" (Lev Menand) - very recent book (2022), describing how Fed effectively made loans to the planet as a whole in Mar 2020, to avoid collapse

"The Frackers" (Gregory Zuckerman) - history of oil

"The History of the Standard Oil Company" (Ida M. Tarbell) - deep dive into kraken megacorp of 100 years ago

"The Hyperinflation Survival Guide" (Gerald Swanson) - analyzing surviving in hyperinflation in the US, written 1989

"The Hypocritical Hegemon" (Lukas Hagelberg) - effects of US domestic tax policy on global tax policy, plus role US has played in offshore tax havens (both creation and crackdown)

"The Jungle" (Upton Sinclair) - novel but based on history of anti-worker shit in US meatpacking industry in 1910s ish

"The League" (John Eisenberg) - history of NFL

"The Least of Us" (Sam Quinones) - tale of designer and synthetic drugs in US

"The Lords of Easy Money" (Christopher Leonard) - explains QE

"The Lost Bank" (Kirsten Grind) - fall of Washington Mutual Bank to Citigroup

"The Market Structure Crisis" (Haim Bodek, Stanislav Dolgopolov) - HFT infrastructure (read after Flash Boys + Bodek's "The Problem of HFT" book)

"The Mathematics of Gambling" (Edward Thorpe) - dude invented a lot of the principles of card counting, so it could be instructive

"The Meat Racket" (Christopher Leonard) - discusses Tyson Foods' role in takeover of US meat industry

"The Men Who Solved The Markets" (Greg Zuckerman) - founding of Renntech, most successful hedge fund

"The Misbehavior of Markets" (Benoit Mandelbrot) - markets, math, fractals

"The Money Laundry" (J. C. Sharman) - review of AML laws & how shit they are

"The New Tycoons" (Jason Kelly) - history of entire private equity industry

"The Number That Killed Us" (Pablo Triana) - development of VaR and its role in financial crises (use for timeline and concepts only; author doesn't have a great track record in his other books)

"The Payoff: Why Wall Street Always Wins" (Jeff Connaughton) - former Chief of Staff to Sen. Ted Kaufman (took Joe B****'s seat as Delaware Senator when former became Obama's VP) describes "The Blob" aka nebulous network of alliances in Washington ->asterisks because bot won't let me include his name

"The Predators' Ball" (Connie Bruck) - rise of junk bond raiders and Drexel's Ball, colloquially known as title bc it became an arena for raiders & victims

"The Predictors" (Thomas A. Bass) - intersection of trading and chaos theory

"The Problem of HFT" (Haim Bodek) - HFT collected writings (easier than his other book, but read after Flash Boys)

"The Rare Metals War" (Guillarme Pitron) - explanation of international rare metals trade + how breaking free of fossil fuels is setting us up to be dependent instead on rare metals

"The Smartest Guys in the Room" (Bethany McLean, Peter Elkind) - Enron scandal and its aftermath

"The Sovereign Individual" (James Dale Davidson, William Rees-Mogg) - lots of speculation on human trends regarding move from industrial to information age

"The Theory of the Working Class" (Thorstein Veblen) - explains general structures of upper class, dated 1899

"The Treason of the Senate" (David Graham Phillips) - names 75 Senators (out of 96 total, at time of publication in 1906) beholden to corporate interests

"The Truth About The Trusts" (John Moody) - written by creator of Moody's, describes in extraordinary detail the function and history of trusts (esp. for trust's real purpose of making asset ownership irrelevant to asset control, thus decoupling money from power)

"The Truth About World Financial Group: Unauthorized" (Steve Siebold) - journalism (inc 107 interviews) of World Financial Group (insurance)

"The Weaponisation of Everything" (Mark Galeotti) - argues world moving towards state of permanent low-level conflict, unnoticed & undeclared

"The World According to Monsanto" (Marie-Monique Robin) - seed patents

"The World for Sale" (Javier Blas, Jack Farchy) - fuckery in commodity trading

"The Unbanking of America" (Lisa Servon) - insight into unbanked people

"They Were Her Property" (Stephanie E. Jones-Rogers) - book on white female slave owners in the American South

"This Is How They Tell Me The World Ends: The Cyberweapons Arms Race" (Nicole Perlroth) - history of zero day cyberwarfare and greatest dangers

"Token Economy" (Shermin Voshmgir) - gud and recent book on DeFi

"Trading With The Enemy" (Nicholas W. Maier) - former employee of Cramer describes his mania & shit (use for info)

"Under the Influence" (Peter Hernon, Terry Ganey) - unauthorized expose of the Anheuser-Busch family dynasty (formerly America's foremost beer)

"Wall Street Versus America" (Gary Weiss) - 2006 book warning about the upcoming crash, with lots of details

"War Is A Racket" (Smedley Butler) - short novella of being "a gangster for capitalism"

"What's The Matter With Delaware?" (Hal Weitzman) - history of Delaware as HQ for incorporation & tax avoidance

"When Genius Failed: The Rise and Fall of Long-Term Capital Management" (Roger Lowenstein) - story of LCTM firm

"When Money Was in Fashion" (June Breton Fisher) - rough history of Wall St via lens of Goldman Sachs' founding, written by Henry Goldman's grandkid (use for insights on today's tactics; a lot of smoky boardroom shit)

"Why I Left Goldman Sachs" (Greg Smith) - expose book on Goldman

"Winners Take All" (Anand Giridharadas) - talks about scam of global philanthropy


Book recommendations for "The Rise and Fall Of Great Powers"

Dear fellow bitcoiners. I like to read five books about the same topic and for my next cluster of books I'm interested to learn more about the rise and fall of great powers.

I know that many in the bitcoin community pay attention to events in recent history, ie because the fall of the roman empire is a great data point to show why inflation and debasement of sound money leads to a decline of civilisation.

A book that I already have on my list are

  • Ray Dalio's "The Changing World Order"
  • Strauss' "The Fourth Turning"

Can you folks recommend me more books about this topic, ideally some that actually discuss failed empires?