Friday, September 15, 2023

WOMEN AND THE CRYPTO INVESTMENT STORY

Only about 15% of Bitcoin traders are women, highlighting a significant gender imbalance in the world of cryptocurrency, according to data from eToro.

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To be honest, cryptocurrency, a 21st-century financial tool, is grappling with a problem reminiscent of the 20th century: the lack of female participation. This stems from stereotypes that men are more assertive, risk-taking, and reap greater rewards compared to women. Moreover, the investment world has long been accused of being a “boys’ club” dominated by men.

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Specifically, only 15% of Bitcoin traders are women, indicating a significant gender imbalance in the cryptocurrency world, according to research conducted by the investment platform eToro in early 2021. While the percentage of female investors has slightly increased from 10% at the beginning of 2020, reflecting demographic changes amid Bitcoin’s meteoric price rise, this increase remains quite modest.

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Bitcoin’s price surge in 2020 led to a wave of new investors signing up on various trading platforms. However, recent data reveals that cryptocurrency’s appeal is still predominantly directed toward men.

eToro, with over 18 million users since its establishment in 2007, is one of the most renowned platforms for cryptocurrency investment, alongside Robinhood and Coinbase.

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‘Democratizing’ Bitcoin and Gender

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According to Acorn’s Invest, the gender imbalance has impacted the financial services sector for many decades. However, cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have been promoted as a way to democratize a traditionally exclusive field, welcoming new and diverse investors. While only around 11% of people in the United States currently invest in cryptocurrency, the industry has yet to break into the demographic group that is primarily women.

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Furthermore, cryptocurrency is the only financial industry with higher participation rates among young people than older ones. Fifteen percent of individuals aged 18 to 34 own cryptocurrency, compared to 11% for those aged 35 to 64 and 4% for those 65 and older. This survey, conducted jointly by CNBC and Acorn’s Invest, took place from August 4 to August 9, 2021, involving 5,530 adult respondents in the United States, including 2,980 who invested in stocks, bonds, mutual funds, ETFs, or cryptocurrency.

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Interestingly, people of all races have an equal likelihood of owning cryptocurrency: 11% of White, Black, and Hispanic individuals, 14% of Asian individuals, and 13% of individuals from other racial backgrounds invest in cryptocurrency. Although cryptocurrency has broken down racial barriers in investing, it has not bridged the gender gap significantly.

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The First Glaring Spotlight on Women’s Success in Cryptocurrency Last year. Wirex launched the ‘Women in Crypto’ campaign to raise awareness about the essential role of women in the cryptocurrency space and challenge the gender stereotypes associated with it.

This mission aligns with Wirex’s core mission of empowering everyone to access the benefits of cryptocurrency. Wirex was the first company in the world to develop a cryptocurrency-enabled debit card and cryptocurrency rewards program.

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This annual campaign aims to honor outstanding women in the field, acknowledge their achievements, and inspire other women to participate in the cryptocurrency industry. Last year’s list was highly successful, attracting more than 350 nominations from women of various nationalities, backgrounds, and roles. The 2020 winners included Christina Lomazzo, Head of Blockchain at UNICEF; Tonya Evans, Professor at Dickinson Law; and Simone Maini, CEO of Elliptic.

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Lottie Wells, Senior PR & Events Manager at the leading company behind this campaign, affirmed, “There is no denying that the digital economy is getting closer to mass adoption, but it is only fair and sustainable if women are also involved.”

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It is evident that gender imbalance in the cryptocurrency world has long been discussed in the media, debated by speakers at professional events, and researched by various organizations. However, much work remains to bridge the significant gender gap in how men and women benefit from the cryptocurrency economy.

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Source: https://medium.com/@bobjacksonmz/women-and-the-crypto-investment-story-d4ca9985abe1


SpiderWeb ($ARAC) - Quick Fundamentals - Security Features

Hey Spider-Mites,

Today, we will start off with a Quick Fundamental guide on the Security Features of SpiderWeb ($ARAC)! This will be a quick guide to highlight the key points and features within our security features for you to better understand just "How" we intend to protect the information, and "Why" it will be far more secure than the traditional methods used today!
This project was built with the aim to reduce both cost of traditional web hosting and traffic while maximizing focus on providing security as it has become a rampant issue amongst users, both business and personal alike!

Let's Begin!

Spiderweb ($ARAC), is/will be composed of self-built private nodes and public nodes of P2P resources, in essentially 3 tiers, to form a web of decentralized IDC infrastructure:

Tier Structure

For heightened security, Spiderweb ($ARAC) has a built in proactive/passive AI which monitors all traffic and also uses the same SHA256 encryption method as Bitcoin nodes, SO incase of failure or intrusion/hacking events, it will automatically relay and/or retrieve information between other nodes, so that data security is guaranteed! (see photos below!)

Your personal nodes (SDN - See White Paper for more details) will hold about 49% of you data, while the other 51% is fragmented on all other nodes within the network, and the process to rebuild ANY loss data from any POSSIBLE failure events will be easy as well so that users can operate without worry!

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After SHA256 encryption fragments your data into 100 pieces, it will store it across 100 initial nodes across the network so, with these exciting and amazing features, you can be sure that you can go about your business with a peace of mind!

(SpiderWeb ($ARAC) will also incorporate an eco-friendly and energy-efficient consensus mechanism called "Proof of Use" (PoU), which will be used as a means of reward verification as well!)

(**See the NFT Collection Launch post for more details!**)

Thanks everyone for taking the time to understand our Security features! Once again, for a more detailed explanations of this, please visit our #WhitePaper here: https://discord.gg/TmhneY5SEu !
Hope everyone has a great day and let's weave a brighter future together!


In my opinion, we will live this life an infinite number of times.

Okay, now I'm going to explain what I mean in more detail, maybe it will be a bit long text, but I am sure it will be worth reading.

First of all, there is only one constant in our lives, in the world and in the universe and that is the cycle. You can see the cycle everywhere.

Let me explain:

Cycles are a widespread and fundamental phenomenon in the universe. The presence of cycles is observed and scientifically explained in different systems and fields. Both in natural events and human-related processes, the influence of these cycles can be observed.

Examples:

  1. In nature, seasons occur in a cyclical manner. The cycle of seasons, influenced by the position of the sun and the tilt of the Earth's axis, has noticeable effects on climate and vegetation. This cycle repeats within a specific timeframe and contributes to the balance of natural ecosystems.
  2. The water cycle is referred to as the hydrological cycle. It consists of stages such as the evaporation of water into the atmosphere, the formation of clouds, precipitation, and the return of water to the Earth's surface. This process plays a critical role in renewing water resources and maintaining the water balance.
  3. Cycles also play an important role in technological processes. For example, the concept of a circular economy aims to sustainably use resources. This approach promotes recycling and extending the lifespan of resources by creating a circular system in production, consumption, and waste management processes.
  4. Biological cycles govern the flow of energy and nutrients in ecosystems. The food chain enables the transfer of energy from one organism to another, and this cycle repeats continuously. For instance, plants produce organic compounds through photosynthesis, utilizing solar energy. These organic substances are then consumed by animals in the food chain, and eventually, decomposers break them down, returning the nutrients back into the cycle.

As you can see, cycles provide balance and continuity in the universe. They arise as a consequence of natural laws and are studied in various disciplines. Scientific methods and mathematical modeling help us understand the characteristics and dynamics of cycles.

So we have understood what a cycle is and reinforced it with examples, now let's move on to the next chapter.

As you know, consciousness originates directly from the brain and is associated with brain activity. The interactions between neurons in the brain are correlated with thought processes and conscious experiences. Being a physical entity, the brain is seen as a fundamental component of the phenomenon of consciousness.

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If you think that consciousness is not stored in the brain but in the soul or something else spiritual, I will copy and paste my previous text about this, please read it:

  • Brain Injuries and Changes in Consciousness: Individuals with brain injuries often experience significant changes in their level of consciousness. For example, after a traumatic brain injury, individuals may lose consciousness or have partial or complete loss of consciousness. This indicates that consciousness is directly related to brain activity. If consciousness resided in the soul, brain injuries would not affect it.
  • Drugs and Alterations in Consciousness: Certain psychotropic drugs can induce changes in consciousness by affecting brain chemistry. For instance, when hallucinogens are used, individuals may experience altered and different states of consciousness. This indicates that consciousness is dependent on the chemical balance in the brain and therefore not connected to the soul.
  • Neurological Associations: Neurological studies that examine brain activity have shown that conscious experiences are associated with specific brain regions. For example, when brain regions responsible for visual processing are activated, individuals have visual conscious experiences. This indicates that consciousness is tied to the functioning of the brain and not connected to the soul.
  • Developmental Perspective: Consciousness is intricately tied to the development of the brain. This perspective indicates that as the brain matures and undergoes various stages of growth, consciousness emerges and evolves accordingly. Throughout embryonic development, the neural structures and networks responsible for processing sensory information and generating conscious experiences gradually form. During early stages of development, basic forms of consciousness, such as rudimentary awareness and responsiveness to stimuli, emerge. As the brain continues to develop, higher-order cognitive functions associated with self-awareness, introspection, and complex thought processes develop as well. This progression suggests a strong correlation between brain maturation and the complexity of conscious experiences.
  • Moreover, empirical evidence supports the link between brain development and consciousness. Studies have shown that premature infants, whose brains are still in the early stages of development, exhibit limited conscious awareness compared to full-term infants. As the brain continues to develop outside the womb, conscious experiences become more elaborate and nuanced.
  • Additionally, changes in consciousness can be observed in individuals as they age or experience brain injuries or neurodegenerative diseases. For example, conditions like Alzheimer's disease, which primarily affects brain structures involved in memory and cognition, lead to significant alterations in consciousness and cognitive abilities.
  • In summary, the developmental perspective on consciousness emphasizes the progressive nature of its emergence and the strong correlation with the maturation and functionality of the brain. The intricate relationship between brain development, conscious experiences, and alterations in consciousness due to aging or brain pathologies provides compelling evidence that consciousness is a fundamental aspect of brain functioning rather than an entity residing in the soul.

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Now that we know that consciousness is in the brain, let's get to the most crucial part.

A individual is essentially a brain because consciousness is there. And the structure of the atoms that form that brain essentially creates us. For instance, what sets apart one person from another is the difference in the atomic structure of their respective brains. The brain of individual X, whom we refer to as person X, has an atomic structure X, whereas the brain of individual Y, whom we refer to as person Y, has an atomic structure Y. Therefore, these two individuals are not the same person.

Let's stop here because you probably have this existential question: If we somehow cloned the brain of person X, would that person be person X or someone else?

Theoretically, if person X's brain were cloned, the cloned brain would have the same atomic structure and organization. But in this case, the cloned brain would be a copy of person X's brain structure. So it will not be the same person. Person X will remain person X, and its clone will now be person X-2.

I would also like to say that when we clone person X's brain after person X dies, it will not be person X again, it will only be a clone of person X. So how does person X come back after death? I will explain this in the rest of the post.

Let's continue where we left off. As I said, an individual is essentially a brain, and the structure of the atoms that make up that brain forms the foundation of our existence. Every person's brain is a complex structure formed by the arrangement of atoms. Atoms are the fundamental building blocks, consisting of a nucleus and orbiting electrons. Atoms come together to form molecules through chemical bonds. These molecules constitute the building blocks of neurons and other cells.The brain is a complex network of these neurons, giving rise to consciousness, thought, and emotional experiences and each individual's brain structure is unique. The arrangement of atoms is influenced by genetic factors, environmental influences, and experiences. As a result, the atomic arrangement in the brains of person X and person Y is different, allowing them to be unique individuals.

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Now that we have learned about the cycle, that consciousness is in the brain, and the brain is you, now we will take up physics and cosmology. I will also make subjective and hypothetical statements after this point.

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There are many theories and speculations about the nature and future of the universe. According to my view, the universe will eventually cease to exist at a certain point and then experience another big bang, with this cycle repeating infinitely. This hypothesis predicts that the universe will continuously go through phases of expansion and contraction in an infinite cycle.

Why do I think this way?

As I mentioned at the beginning of the text, cycles are everywhere. I also believe that this applies to the existence of life in the universe.

Now let's talk about the ultimate fate of the universe. There are theories about how the universe will end, such as the Big Bounce, Big Freeze, Big Crunch, and Big Rip. However, only one of these theories concerns us, and that is the Big Bounce.

Big Bounce proposes that the universe goes through cycles of expansion and contraction, without a definitive beginning or end. It suggests that the universe we observe today emerged from a previous contraction phase, known as the Big Crunch, and will eventually undergo another contraction phase leading to a new expansion, or Big Bounce.

To understand the basis of the Big Bounce theory, we need to delve into the principles of general relativity and quantum mechanics. General relativity, formulated by Albert Einstein, describes gravity as the curvature of spacetime caused by mass and energy. It provides a framework for understanding the large-scale structure of the universe and how it evolves over time.

Quantum mechanics, on the other hand, is the branch of physics that deals with the behavior of particles at the atomic and subatomic scales. It provides insights into the fundamental nature of matter and energy, as well as the probabilistic behavior of particles.

In the early stages of the universe, when densities and energies were extremely high, both general relativity and quantum mechanics become crucial for understanding its dynamics. However, at such extreme conditions, the effects of gravity and quantum mechanics interact in ways that are not yet fully understood, and this is one of the challenges in formulating a complete theory of the Big Bounce.

During the expansion phase of the universe, the distances between galaxies and other cosmic structures increase, and the universe becomes less dense and cooler over time. This expansion is driven by the repulsive effect of dark energy, a hypothetical form of energy that permeates space and causes it to expand at an accelerating rate.

As the universe expands, matter and radiation become diluted, and the universe enters a phase known as the "dark era" when the formation of new stars and galaxies becomes less frequent. Ultimately, the expansion may slow down and come to a halt, leading to a contraction phase.

During the contraction phase, gravity plays a dominant role, causing matter and energy to become more concentrated. The universe becomes denser and hotter as it contracts. This phase is often referred to as the Big Crunch, similar to a reverse of the Big Bang.

According to the Big Bounce theory, the contraction phase does not result in a singularity or a complete collapse of the universe. Instead, it leads to a transition point where the universe reverses its course and begins expanding again, undergoing a new cycle of expansion and contraction. This transition from contraction to expansion is known as the Big Bounce.

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Of course, it is important to consider other possibilities. Let's say we were mistaken and the Big Bounce theory is not true. In that case, there is no need to worry. Yes, other theories suggest that the universe will completely cease to exist, but theoretically, the possibility of another big bang is also plausible.

Let's take a look at the most famous theories: Big Freeze, Big Rip and Big Crunch.

  1. Big Freeze: The Big Freeze theory predicts that the universe will enter an infinite expansion and cooling process. The expansion of the universe slows down due to the effect of gravity and eventually comes to a halt. In this scenario, the matter and energy in the universe gradually cool down, and entropy (disorder) increases. As a result, there are no energy sources left in the universe, and the temperature approaches nearly zero. In the Big Freeze scenario, the universe runs out of energy, leading to a significant cooling and an increase in disorder when the expansion stops. In this situation, due to the extremely low energy density and temperature in the universe, it seems highly unlikely for another Big Bang to occur. In short, bye-bye. But maybe as a possibility, if everything in the universe were to suddenly vanish, similar to the outcome of the Big Rip scenario, there could be a possibility of a big bang occurring. I have explained this idea in more detail below, in the Big Rip section.
  2. Big Rip: The Big Rip theory predicts that the expansion rate of the universe will continuously accelerate due to the influence of dark energy, a mysterious form of energy present in the universe. The expansion rate of the universe increases over time with the effect of dark energy, and eventually, matter, planets, stars, and even atoms can be torn apart. In the process, the structure of the universe completely disintegrates. At this point, there is no matter or energy left in the universe. Therefore, it is not possible for another Big Bang to occur after the Big Rip. However, one theoretical possibility can be raised at this point: As you know, the Big Bang theory is widely accepted as the explanation for the origin of the universe. According to this theory, the universe originated from a dense and hot point, expanding and cooling over time. However, we still don't know exactly how that point came into existence. If that point emerged from nothingness, as I mentioned earlier, stating that everything would cease to exist after the Big Rip, then it is possible for a point to emerge from nothingness again, leading to another big bang.
  3. Big Crunch: The Big Crunch theory predicts that instead of expansion, the universe will contract under the dominant influence of gravity and eventually all matter and energy will converge at a single point. At this point, all the content present in the universe condenses, and density and temperature reach incredibly high levels. In the Big Crunch scenario, a significant explosion similar to a previous state of the universe can occur.

As you can see, the possibility of a big bang exists in all three scenarios. However, I would like to clarify that I do not provide any guarantees; I am not an insurance. Perhaps there may never be another big bang after the universe ceases to exist, but I don't believe so.

And don't worry, we're getting close to the end of this post, at least I think so, so let's put everything together.

Stages of the Big Bounce

Now let's take a look at the Cycle of Life in chronological order. I have already created a picture, you can look at it:

The Cycle of Life

Some of you may not have understood the cycle explained superficially in this picture, so now I will explain it in more detail:

My theory indicates that life follows a cyclical pattern starting from the Big Bang, leading to the formation of the universe, our galaxy (the Milky Way), the formation of the solar system, and eventually the creation of Earth. After the formation of Earth, abiogenesis occurs, giving rise to life, followed by the process of evolution, leading to the current form of human beings. Subsequently, humans develop, establish civilizations, and eventually, you are born. You live your life and eventually pass away. After some time, the Earth ceases to exist. Eventually, the solar system, our galaxy, and finally, the universe itself, cease to exist. If the concept of the Big Bounce is correct, there could be another big bang, leading to a new cycle. If the Big Bounce theory is not real, I mentioned in the middle of the text that there is still a possibility of another big bang occurring. You can read it again.

Consequently, we can hypothesize that time may engage in a circular motion, resembling more of a torus or progressing like a Möbius strip. Normally, of course, time progresses and ends in a linear manner according to human perception, but here, I have bent and connected the beginning and end of the line. Thus, I have transformed it into a circle, or as I said, more resembling a torus.

However, it is important to remember that scientifically, the nature of time is more complex. The theory of relativity has shown that time can vary depending on factors such as velocity, mass, and gravity. For example, the flow of time can differ in high-speed or strong gravitational fields.

Therefore, it would be more accurate to express that time is perceived as linear according to human perception, rather than stating that time progresses in a straight line. People perceive time as linear in their daily lives, but the true nature of time is more complex and can vary contextually.

Torus

Möbius strip

Bonus =) A gif explaining the reservation process at the Milliways restaurant. If you are not familiar with it, this is a reference to the TV series The Hitchhiker's Guide to the Galaxy.

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I am sure you have a counter-argument in mind, so let me answer before you do:

Yes, if there is a big bang again, it will be the same universe. I will explain this, but at the same time, let's say the second Big Bang created another universe, I will also address this scenario, and I believe it will be the most intriguing part of the text.

Theory 1: The Possibility of the Same Universe Formation

According to this theory, when the universe collapses through a process called the Big Bounce and undergoes another Big Bang, it is possible for the exact same universe to reemerge. This theory assumes that the universe progresses cyclically between expansion and collapse during the Big Bounce process. Here are some key points supporting this theory:

  • Universal-Scale Similarities: During the Big Bounce process, the collapse and subsequent expansion of the universe may preserve similarities in the evolution of the universe. These similarities can be observed in areas such as the distribution of galaxies, the characteristics of the cosmic microwave background radiation, and the formation of other cosmic structures. There are two things that constitute similarity on a universal scale: symmetry and invariance.
  1. Symmetry, in physics, refers to the idea that certain properties or aspects of a system remain unchanged under specific transformations or operations. For example, rotational symmetry implies that the laws of physics governing a system remain the same even when the system is rotated. In the case of the same universe formation, it is assumed that the fundamental symmetries of the laws of physics, such as conservation of energy, momentum, and angular momentum, are preserved across the cycles.
  2. Invariance, on the other hand, is closely related to symmetry and refers to the constancy or preservation of certain quantities or properties. In the context of the same universe formation, invariance suggests that the essential features, properties, and dynamics of the universe are maintained despite the cyclic nature of expansion and collapse. This implies that the laws of physics themselves do not change or evolve over time, ensuring the preservation of the fundamental principles that govern the universe
  3. The assumption of symmetry and invariance is motivated by the desire to maintain consistency and continuity in the universe's behavior and characteristics. By assuming that the laws of physics remain the same across cycles, it allows for the possibility of the same universe reemerging after the Big Bounce. This idea implies that the physical processes, particles, forces, and structures that exist in one cycle would be reproduced in subsequent cycles, resulting in remarkable similarities between them.
  • Quantum Cosmology: Quantum cosmology emphasizes the importance of quantum effects in the early stages of the universe. Quantum fluctuations and effects can play a role in determining the initial conditions of the universe during the Big Bounce process. If these quantum effects are repeated cyclically in a similar manner, the likelihood of the exact replication of the universe increases.
  • Expansion and Collapse Rates of the Universe: The rates of expansion and collapse of the universe play a significant role in determining the initial conditions. If these rates vary in a specific pattern and proportion, the possibility of the exact replication of the universe becomes more likely.
  • Fundamental Physical Laws of the Universe: The cyclical preservation of the fundamental physical laws of the universe increases the likelihood of the reemergence of the exact same universe. If the physical laws are conserved cyclically, the overall structure and evolution of the universe can occur in a similar manner.According to this theory, after the universe collapses through a Big Bounce process, if another Big Bang occurs, the exact same universe can potentially reemerge.

⭐ Theory 2: The Possibility of the Different Universe Formation

And we have reached the most intriguing part of the text. What I'm about to share will truly expand your horizons.

Now let's say we were wrong, and the same universe didn't come into existence again, but a completely separate universe was formed. In that case, most likely neither you, nor I, nor even the Earth or the Milky Way galaxy would exist in this universe. Does it sound scary? No, no, no, don't think that way, just keep reading.

This universe will live for a certain period of time, and how long it lasts is not our concern. What concerns us is the fact that according to the Big Bounce theory, this universe will eventually die and another Big Bang will occur. Even if the Big Bounce theory turns out to be false, as I mentioned before, it's not a problem because I already explained that the universe will continue in a cycle of existence, life, death, and rebirth forever.

Let's say we didn't exist in this universe, no problem. We might exist in the next universe, but if things didn't go as we wanted there either and we still couldn't exist? Still, no problem. Since this process continues infinitely, at some point, we will definitely experience the universe we desire again because an infinite number of Big Bangs means an infinite universe and an infinite universe means infinite possibilities. This means we will live countless different lives. Forexample, in the 89650th Big Bang, a universe is formed where everything is just as we desired, including the Milky Way galaxy, Earth, your parents, and eventually, you. But wait, there's more. Your father, after you were born (this is important), purchased a substantial amount of Bitcoin in the early 2010s. You're lucky because a good life awaits you as you grow up. However, if your father had bought that Bitcoin before you were born, you probably wouldn't exist because destiny would have been altered.

I hope you understand what I mean. It's like a kind of parallel universes theory, but only one universe where all possibilities unfold. So there are no multiple universes. You can think of it that way. I think I didn't explain this part very well, but whatever. Nevertheless, because I have some doubts, I still prefer the universe to form exactly the same way.

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And that's the end of the text. Thank you for reading. I apologize in advance for any grammatical errors as English is not my native language. Also, if you have any questions, feel free to ask, and I'll be happy to answer. I may not be able to respond immediately since I'm not always available due to work. Other than that, yeah, take care of yourself.


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Thursday, September 14, 2023

BTC in SEPTEMBER: Interesting moments in September for Bitcoin

It's mid-way through September folks so why not a walk down memory lane of interesting moments in BTC's history during the month of September. Let me tell you first, September was BUSY!

The Launch of Bitcoin: September 2008 is when the domain bitcoin.org was registered, and the whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" by the pseudonymous Satoshi Nakamoto was published. This laid the foundation for the creation of Bitcoin.

First Recorded Bitcoin Exchange Rate: In September 2010, the first known commercial Bitcoin exchange rate was established when a Bitcoin miner named "NewLibertyStandard" calculated that the electricity cost for mining one Bitcoin was about $0.07. This marked an early attempt to value Bitcoin in terms of a traditional currency.

Bitcoin's First Major Rally: In September 2013, Bitcoin experienced its first significant price rally. The price reached over $200 per Bitcoin, which was a remarkable milestone at the time, considering it had been just a few dollars a year earlier.

Silk Road Shutdown: In September 2013, the infamous online marketplace known as the Silk Road, which primarily facilitated illegal transactions using Bitcoin, was shut down by law enforcement. This event had a significant impact on discussions about the legality and use of Bitcoin.

Mt. Gox Hacked: In September 2012, Mt. Gox, one of the earliest and largest Bitcoin exchanges, suffered a significant security breach. While the actual hack occurred earlier, it was in September that the breach was made public, leading to concerns about the security of Bitcoin exchanges.

Regulatory Developments: Various countries and regulatory bodies have made important announcements and decisions regarding Bitcoin during September in different years. These announcements have ranged from recognizing Bitcoin as a legitimate form of payment to imposing restrictions and regulations.

Segregated Witness (SegWit) Activation: In August 2017, Bitcoin's Segregated Witness (SegWit) upgrade was activated. While the initial activation began in August, it fully took effect in September 2017. SegWit was a significant technical improvement aimed at increasing Bitcoin's scalability and reducing transaction fees.


U.S. reaffirms pro-Armenian position on Lachin corridor: Q&A with Yuri Kim, calls for support to Armenia \\ Analysts discuss AM-RU-US relations \\ Female conscripts: Winter 2024 \\ Military academy scholarships \\ Electric vehicles for cops

Yuri Kim, Deputy FM of U.S.: Open Lachin & Agdam simultaneously and immediately, now!; allow ethnic Armenians to travel both ways via Lachin; Lachin is "non-negotiable"; provide internationally verifiable guarantees to ethnic Armenians; U.S. won't tolerate any attack on Armenians

The hearing was held in the U.S. Senate to discuss the humanitarian crisis in Nagorno-Karabakh caused by Azerbaijan's illegal blockade of the lifeline Lachin corridor.

MENENDEZ: People are dying from starvation. Miscarriages are up. There is no food on store shelves. Something must be done ASAP.

YURI KIM: We are deeply concerned by the continued closure of the Lachin corridor and the impact it's having on the people of Nagorno-Karabakh. This status quo is completely unacceptable. We will not stop working until we have a resolution.

That quarter must be open to commercial, humanitarian, and private traffic. We conveyed that message both publicly and privately to all levels of the Azerbaijani government on numerous occasions.

Access to baby food, medicine, food, and energy should never be held hostage. Secretary Blinken and many others have been intensely engaged in this issue to press for immediate and simultaneous opening of the Lachin corridor and other routes to humanitarian, commercial, and private traffic.

We welcome the news that a truck with 20 tons of supplies passed through the Agdam route into Nagorno-Karabakh. But that is not enough. Additional supplies from the Red Cross have been positioned for weeks just outside the Lachin and Agdam checkpoints.

Our envoy is in the region again to press for these supplies to be allowed in, immediately and simultaneously. President Aliyev and Nagorno-Karabakh representatives have agreed to this arrangement. There should be no more delay. No more delay. These supplies have been waiting for weeks.

It's also essential to achieve a more sustainable arrangement for the men, women, and children in Nagorno-Karabakh. In this context, we urge Azerbaijan to restore free transit of commercial, humanitarian, and passenger vehicles both in and out of the Lachin corridor, while we also recognize the importance of additional routes.

One of the challenges is the deep mistrust following decades of conflict. All sides must work constructively. We encourage Nagorno-Karabakh to accept the humanitarian trucks from the ICRC [via Agdam]. The only path forward is through dialogue and compromise to build trust.

The U.S. has an opportunity to combat the malignant influence from Russia, Iran, and China by achieving a durable peace in the region.

We will continue to support a peace agreement that's dignified and durable. We believe peace between AM-AZ will have cascading benefits in the U.S. national interests. A dignified and durable peace could facilitate regional energy security and boost transportation links, in turn improving the economic conditions of all countries in the region.

The U.S. could increase security cooperation and build the capacity of each country to preserve and protect its sovereignty and independence.

The rights and security of the ethnic Armenians of Nagorno-Karabakh must be protected. This is an essential element of any durable and dignified peace agreement. Azerbaijan must provide internationally verifiable assurances and respect for Armenians' rights and their ability to remain in their homes and live without fear.

The U.S. will not countenance any effort or action to ethnically cleanse or commit other atrocities against the ethnic Armenian people of Nagorno-Karabakh. The current humanitarian situation is not acceptable. Humanitarian access to the Lachin corridor and other routes must be available now. We will do everything possible to make that happen.

MENENDEZ: 400 tons of goods used to enter through Lachin daily. There has already been a confirmed death from starvation. Do you share our and the World Court's assessment that the blockade may represent a real and imminent risk to the lives of Karabakh Armenians?

YURI KIM: Yes, we do. We share the sense of urgency.

MENENDEZ: Then why can't we do more to send humanitarian assistance and support the Red Cross?

YURI KIM: We've undertaken quite a lot of action on that front. We have been working non-stop, in person, and over the phone with all the different actors and parties to the conflict, day and night. I believe we were finally able to work with international partners to get the first truck through; it was a Russian truck. That traffic is now flowing. The agreement is that traffic through the Lachin corridor has to be open. All of us welcome the entry of that one truck through Agdam, but we also agree it's not enough, it's not enough. Lachin has to be open. Other routes can be opened too, but LACHIN MUST BE OPENED. That's non-negotiable.

MENENDEZ: One truck is not mercy. There are reports that Azerbaijan is also building up troops on AM-AZ and NK-AZ borders. Surely we can't trust Aliyev's words when he is withholding food while threatening violence. That's outrageous. I don't think we are bringing enough urgency to this situation. We should use the whole government to pressure Aliyev. How real are the fears of renewed war, and what are you doing to prevent it? Have we threatened Aliyev sanctions? Has the Pentagon told the Azerbaijani military to stand down? I have a problem with the waivers of Section 907. It is giving Azerbaijan a qualitative edge over Armenia's defense.

YURI KIM: Those are important and complicated questions. I've got a pile of papers listing all the phone calls we've made to send a very clear message:

(1) Lachin corridor MUST be opened, NOW. No more delay.

(2) We will not tolerate any military action or any attack on the people of Nagorno-Karabakh. That's very clear.

Technically, the war is not over between Armenia and Azerbaijan. It adds urgency to our commitment to support a durable and dignified AM-AZ peace agreement that takes into account the security of the people of Nagorno-Karabakh.

The [Biden] administration has weighed in. Jake Sullivan hosted FMs of Armenia and Azerbaijan. Blinken has done several rounds of that. We've held multiple phone calls with the leaders to drive home those messages. We are beginning to see a little bit of movement but we're not going to rest until we see real results.

MENENDEZ: All of this just in pursuit of the 2020 ceasefire agreement. Azerbaijan made agreements. We are just asking them to live up to their agreements. Tell Blinken on my behalf that I would hate to see an ethnic cleansing of Armenians under this administration's watch. I raised this issue MONTHS ago about people dying and got a response: "Well, we are not sure about it." But people ARE already dying. How many more have to die? By waiving Section 907 we are giving Aliev an "OK".

RICKETTS: Armenia has been a defense partner of Russia since the fall of the USSR but mainly because Russia is the only game in the town. Given Russia's reluctance to intervene, Armenia is having second thoughts about its partnership. They are shifting towards the West. PM Pashinyan said that Armenia's reliance on Russia wasn't paying off as Moscow struggles to supply its own military let alone Armenia's. Armenia sent the first-ever humanitarian aid to Ukraine. The U.S. soldiers are in Armenia for military exercises. This is a setback for Russia, which has summoned Armenia's ambassador for complaints. Does Armenia's actions represent a permanent shift away from Russia or simply to pressure Russia to intervene more? What direction is Armenia going?

YURI KIM: It represents an opportunity for the U.S. to develop relations. Our military is currently in Armenia to conduct our first-ever bilateral military exercise with Armenia. We're going to continue to take advantage of that.

RICKETTS: Is Armenia moving away from Russia permanently, or is this a shot across the bow to Moscow to get them to pay more attention?

YURI KIM: It's too early to tell. BUT it doesn't mean the U.S. shouldn't jump in and turn it into exactly what we would like to see, which is a real decision to partner with us as opposed to Russia. To get there, the U.S. must be present. This is why our assistance to Armenia and partnership with Armenia counts so much.

RICKETTS: Are there concerns that Russia will respond forcibly if they see Armenia move towards the West?

YURI KIM: Yes, we are on the alert for that. Putin has proven himself to be vindictive.

RICKETTS: What's the strategy? How do we walk that line, to develop a relationship with Armenia without triggering a response from Russia?

YURI KIM: We've got to keep a close watch of the situation. We need to increase developmental assistance to Armenia, defense partnerships, security activites, and expand those as much as we can in a way that is acceptable to Armenians themselves. This cannot be a unilateral move. We have to do this in true partnership with Armenia and make sure we provide the support they need to make the turn.

RICKETTS: Armenia has allowed Russia to maintain access to microchips and electronics for war in Ukraine. Has Armenia's enforcement since improved?

YURI KIM: I believe Armenia has been observing those sanctions. We'll take that question and get back to you.

CARDIN: We must stand by our values. The humanitarian crisis is horrible. The U.S. must take decisive action. We must show that we are serious about this. When you routinely give the waiver on Section 907, you're saying that Azerbaijan has been following through with its obligations, which is not true. We lose credibility.

YURI KIM: The Section 907 waiver expired in June. We have not requested a new waiver because we are reviewing this situation very carefully.

CARDIN: The Nagorno-Karabakh conflict has been going on for WAY too long. We saw that U.S. leadership has been instrumental in ending other conflicts. U.S. leadership is desperately needed to find a resolution to this conflict.

YURI KIM: We agree. That's why we have a special adviser and we've been engaged for weeks, months, and years. That's also why Blinken is personally engaged.

MURPHY: I want to ask about the state of Russia-Azerbaijan relations. We've been trying to help the EU reduce reliance on Russian gas by using Azerbaijani gas [but Russia and Azerbaijan have been working together as energy partners.] Russia and Azerbaijan are drawing closer. What's the nature of that relationship? Did we make a wrong bet by relying on Azerbaijani energy?

YURI KIM: We have had an effective period of work with Azerbaijanis in helping them to double the amount of gas they will be bringing to Europe by 2027, from 10 bcm to 20 bcm. That corridor is extremely important for energy diversity. We need the Baku-Tbilisi-Jeyhun pipeline to continue to function. The main task is to enable our partners to break free of the Russian stranglehold.

MURPHY: But we are turning from one dictator to another dictator for energy. Are we funding Azerbaijan's efforts to impose a brutal blockade on the Armenian people? The ultimate goal should be to break free from oil and gas in general. Saudis and Russia are colluding to keep the oil prices high.

SHAHEEN: [what the hell is happening with Georgia?]

YURI KIM: Georgia used to be the poster child for the recovery and resilience after the breakup of the USSR. We have been discouraged to see democratic backsliding in recent years. We want to make sure that we keep democratic institutions front and center so that we are able to ensure that the Georgian government delivers on the will of the Georgian people, 85% of whom want to see their country in the EU. Sadly Joseph Borrell made clear that thus far Georgia has only met 3 of the 12 conditions to open up negotiations for EU membership.

full video

Pashinyan's pivot towards the West; Who started Wagner rumors; Azerbaijani gas; Risky money & condos: Analysts disucss the recent events

KAREN SARGSYAN: What we see in AM-RU relations today is a process that began 1-1.5 years ago. The only difference is that while in the past Pashinyan would shy away from criticizing Russia during follow-up requests for "clarification", today he is doubling down on his criticism.

There are no tectonic changes yet but we have reached critical mass. There is no turning back. Kremlin won't "forgive" Pashinyan. Zakharova and Vladimir Solovyov have officially declared Armenia as the second Ukraine.

CHIBUKHCHYAN: During his interview with POLITICO, Pashinyan said that Russia not only cannot but also does not WANT to help Armenia. The host came prepared and wanted to find out whether Armenia has decided to change its vector. The reporter gave Pashinyan several opportunities to criticize the West but he instead thanked the EU border observers, while stating that more Western support is necessary to cover defense needs.

SARGSYAN: Changing Armenia's foreign vector is a difficult task. The steps we are seeing today indicate that "preparatory work" has been done by the Pashinyan administration.

CHIBUKHCHYAN: Do you believe the West has given any guarantees to Armenia? I'm under the impression that the border tensions were dulled as soon as Pashinyan called Schulz, Macron, Blinken, and Raisi.

SARGSYAN: Immediately after Azerbaijan's September 1 attack, Blinken called Aliyev. This was kept secret until September 6. Blinken didn't call Armenia and went straight for Azerbaijan. This is somewhat similar to the events last September when CIA chief Burns and Nancy Pelosi visited Armenia and told Aliyev to calm down.

I enjoyed Pashinyan's explanation of why he didn't bother to call Putin after these latest clashes. "Well, Putin knows everything, so what's the point."

Armenia is now the main focus of the EU's Eastern Partnership program because Georgia and Ukraine are [one level above]. There is also Belarus and Azerbaijan but they are viewed as "hopeless" cases. The focus is on Armenia.

The rest of Europe doesn't care if Azerbaijan is selling gas to Hungary or not. The 27 bcm gas they expect to import from Azerbaijan, which is a big "if" whether they will, would only cover 5%-7% of European needs.

Europe hopes that after the Russian defeat, they will resume trade relations with the new government of Russia. In my opinion, the EU will try to create a reparation scheme in which 50% of the revenue from Russian gas entering the EU via Ukraine will be paid to Ukraine instead of Russia, in the form of reparation.

There is also the possibility that Iran-EU relations will improve by then. All of this would further reduce Azerbaijan's importance to the EU. The Dummy of Absheron [President Aliyev] understands this very well. He understands that his good times end when Russia suffers defeat.

It's not like today the EU truly cares about Azerbaijani gas. The volumes are small. Today Azerbaijan's main goal is to convince the EU to respect Azerbaijan's territorial integrity. But the EU is saying "Fine, it's your territory, but this group must have rights and protections."

CHIBUKHCHYAN: I think the absolute majority of Armenians realize now that we cannot rely on Russia. Many even view Russia as a direct threat. Pashinyan finally understood this trend and that going against public opinion is not sustainable.

SARGSYAN: Pashinyan is late by 2.5 years. In 2021 some 35% of Armenians already wanted to join NATO, and only ~20% demanded Armenia remain in the EAEU bloc, and I'm not even talking about CSTO.

As for Pashinyan's recent pivot, which accelerated in May, could be because he has finally stopped listening to his pro-Russian advisers. The West had issued a warning to him in March-April not to help Russia evade sanctions on dual-purpose goods. That warning helped silence the pro-Russian wing of his advisers who, until that point, thought we could ride on both trains.

Don't you wonder why yesterday the government approved a law to require condo builders to spend only 25% of homeowners' downpayments before the condo is ready? These construction firms, these are mostly funds originating from Russia.

This is how it works: They come to Armenia, build a low-quality condo without seismic resilience, sell the apartments through mortgage, take the money before the finalization of the construction. They bring $1x to Armenia, collect $10x from the banks [mortgage], and either leave Armenia without waiting for the construction to finish or invest that money in the construction of new condo buildings. This creates a risky situation where families haven't moved into their homes yet while you're already spending the cash reserves on other projects. And on top of that, this is done by CEOs with shady moral values. I want to see the laboratory results of the company that certified the Norq district's new condos for an 8-point earthquake.

After the new law, they will have to freeze 75% of the collected funds while still earning interest on them. This is important for not allowing Russian arrivals to "launder" funds. We finally have people in the government who realize the risks associated with our ties to Russia.

Ilham Aliyev's good friend Kostin, the head of the Russian bank "VTB", complained that they will need to throttle the outflow of cash in dollars and rubles. He brought Armenia as an example.

[Russia has a shortage of dollars.] Russia strictly limits dollar outflow but allows the export of rubles. So a Russian can bring large quantities of rubles to Armenia, convert them into dollars through condo or other schemes, and take the dollar to Russia.

CHIBUKHCHYAN: Do you know anything about the supposed presence of Wagner fighters in Armenia?

SARGSYAN: That rumor was first spread last year by a so-called "political force" whose name I won't even mention. [My best guess is Karen Sargsyan is referring to another pro-Western force called "Bever", a collection of nationalist forces led by Sasna Tsrer. Despite both being pro-West they have terrible relations and call each other phony.]

SARGSYAN continues: Obviously there are no 12,000 or even 3,000 Wagner fighters in Armenia. Media literacy is poor in Armenia. Someone will take an obscure Russian-language small Telegram channel's rumors and circulate it widely. It's stinky.

source,

nuclear-radiological experiment goes wrong, causing radioactive emergency in Azerbaijan

An Azerbaijani organization was conducting an experiment when it released radioactive Cesium-137 in the city of Sumgayit. Specialists with hazmat suits were deployed to identify the areas with high radiation.

source, [redacted]

Berlin Economics test study: the opening of the Armenian-Turkish border will have a positive impact on Armenia's economy

STUDY: Armenia's trade with Turkey would increase from 1% in 2021 to 10%, contributing to Armenian exports. The opening of the border largely meets Armenia's economic interests.

The opening of the border would lead to a change in Armenia's trade structure. Armenia would rely less on Russia, while the EU would increase its share.

Currently: 32% Russia, 18% EU, 15% China.

After: 20% EU, 14% Russia, 12% Turkey.

Top Armenian exports to Turkey: stones & jewelry $51m, food $47m, minerals $19m.

Armenia would export $185m (food, ore, jewelry) and import $678m (machinery, textiles, chemicals, medicine).

Some Armenian companies will benefit, while others will lose, "but overall the decision will bring more benefits to the country's economy." //

source,

wife of prominent Russian blogger found dead in Armenia

Alexey Romanov (YouTube link) is a famous opposition blogger who left Russia and resides in ex-Soviet republics. His wife, also a Russian national, was found dead in their Yerevan apartment. The police have launched an investigation over a possible murder.

source,

Yerevan's Patrol Police will have more female officers and hundreds of electric vehicles

PASHINYAN: EVs are becoming more popular in Armenia. This is great news. I recall our 2018 meeting in this cabinet [government session] when we were having a debate and the difficulty of convincing each other that EVs could succeed in Armenia.

Yerevan's Police Patrol is already using EV cars. We were eagerly waiting for their feedback. It has been positive so far but we'll wait longer before drawing conclusions. If all goes well, all future vehicle purchases will be EVs. This will then spread to provinces where the infrastructure allows it.

The first electric bus has joined Yerevan's public transport system this week.

Right now the main issue is with EV charging stations but I think the market will resolve this over time. There already are tools that fully charge a vehicle in under 40 minutes but many owners charge them at home. It takes all night but eventually they will have wider access to fast chargers outside.

MHER GRIGORYAN: We have to make sure that the EVs imported to Armenia with the help of import tax waivers aren't end-of-life junk that can cause additional headaches here.

PASHINYAN: Can't we require them to be no older than 7 years? Wouldn't the older batteries die and become an environmental problem?

MHER GRIGORYAN: There are motivational facts that discourage the import of old vehicles. It becomes pointless. But we can monitor the trends and take action if necessary. //

Yerevan's Police Patrol will hire 100 additional officers, 81% of whom will be women. The Government wants all 100 new vehicles to be EVs.

PASHINYAN: When we established the Police Patrol and attempted to involve more women, we had difficulty recruiting them so informational work was done to get in touch with women in various industries and even high schools because Patrol Police is a career opportunity.

We have 300 seats currently allocated for women. There are 600 female applicants with various backgrounds and 300 more from schools. //

The goal is to ensure that >30% of all Patrol officers are female.

source,

volunteer women aged 18-27 will join short-term army conscription before receiving an offer to become long-term professional contractors

PASHINYAN: A female citizen can voluntarily join a 6-month conscription. Once she's approved, she will be required to serve all 6 months. This requirement is necessary so the defense ministry can properly calculate its available resources.

Upon completion, she will receive $2,500 [֏1m]. This reform aims to address two things:

1) We need more women in the army,

2) Open up new career opportunities for female citizens. Upon the completion of 6-month conscription, they will be offered to join as 5-year contractors as part of the Homeland Defender program.

The MOD is building a new facility with better living conditions for the female brigade. Since we are establishing a new institute in Armenia, everything will be done to ensure it starts off on the right foot.

There are no men, women, or children in the army, there are only soldiers. This should be the mantra. //

The first female voluntary conscriptions will begin in the winter of 2024.

source,

military academy students with good performance will receive $450 in monthly scholarship

The decision was approved by the Government on Thursday. The base scholarship is $40/mo. It increases based on the student's grades and academic year.

A freshman with high performance can expect to receive $195/mo. It increases each year.

Since many of the students are teens with possibly bad spending habits, the government will freeze part of the funds until the student becomes an adult.

The MOD has been instructed to create a list of the best military academies around the world so the Government can decide how much funds to allocate to send Armenian students there. MOD said that currently Armenia receives a certain number of free slots from foreign academies to send students but they plan on sending more, so funds will be allocated for additional students.

source, source, source,

seniors have made $110 million in digital purchases thanks to the new cashback program

The government wants seniors to spend their pension with a card instead of immediately cashing it out upon receiving the funds. It's part of a wider push to digitize the economy and combat tax evasion. Seniors receive a cashback for each digital purchase, with a monthly limit.

The additional digital turnover has reached $100 million over the past year, stated Pashinyan on Thursday.

source,

over 200,000 Armenians owe large debts to banks; government wants to help them get out of it

PASHINYAN: Over 300,000 people working in the shadow sector cannot enter the legal net because of debt issues and arrests on their wages.

We have developed a scheme to help them get out of it. It will only apply to those whose problems are older than 3 years because we don't want to send a wrong message in terms of fulfilling bank obligations.

We will try to help these people through new collection mechanisms, which will be such that the citizens, having weighed the situation, will come to the conclusion that it is more profitable to repay bank debts.

This will apply to >200,000 people, 85% of whom are officially unemployed. Their debt rangers from ֏100k to ֏1m.

source,


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