The NFT and Decentralized Cloud Mining Power Market of DMEX

The Temptation of the Mining Market

Since the birth of Bitcoin, mining has been one of the most important components of the cryptocurrency industry. Whether it is the PoW mining of Bitcoin or Ethereum, or the newly-emerged PoS (Proof of Stake) mining, or the liquidity mining of DeFi, mining has always been the pivotal component that supports the continuous operation of the cryptocurrency industry.

Mining is not only the most important but also the most profitable sector of the cryptocurrency industry. At present, BTC’s block reward is 6.25 coin per block. Suppose BTC is valued at $18,000 USD each, the annual mining income would be nearly $6 billion. Consider the new coins mined for ETH, suppose it is priced at $550, its annual mining income would be approximately $2.7 billion. Filecoin released around 121.8 million tokens in the first year. If FIL is priced at $30, its annual mining income would be around $3.6 billion. Those three platforms combined would generate over $11 billion incomes yearly. Nevertheless, annual income does fluctuate according to changing market conditions such as price factors and oversupplies. Even so, judging from the current market situation, one must admit that the gigantic mining market is very enticing.

Problems of Cloud Mining

Mining market is very tempting. Many average users want to participate in the cryptocurrency mining industry. However, not everyone has the opportunity.

*High entry barrier for individual miner

For most average cryptocurrency users, the era of individual mining is long gone. The biggest mining cost is electricity fees. For individual users, obtaining cheap electricity is very difficult. Professional custodian facilities are hard to come by. The users would also need to hire professional technicians to maintain the mining machines. Once you want to start mining, uncertainties will come at you one after another. Which token has the highest mining yield? How to switch between different mining rewards? Which mining machine should I buy? Where do I buy them? Which custodian facility should I go to? The list goes on.

The cryptocurrency mining industry is already highly specialized. Under current situation, although there are still numerous individuals who are keen to join the cryptocurrency mining business, most of them would never have a chance.

Since most average users could not go through the trouble of buying the mining machines themselves and finding a mining operator (mining farm) on their own, cloud mining has emerged as a new option. Mining farms calculate their total mining power, divide it into smaller portions and sell them to the users. Users will receive mining incomes proportionate to the percentage of mining powers they own. This business model sounds terrific as it does make mining investment easier for the users. Users no longer need to worry about mining machine purchase, custodianship and maintenance. However, as the time goes by, several underlying issues have emerged to hinder its further development.

*Cloud mining lacks transparency

Since individual users are buying mining power from centralized miners, users have to rely on the miners to obtain information on their effective mining power and the proportion of actual mining power versus purchased mining power. Users often have no option but to trust the miners. This has led to non-transparency in mining incomes and potential economic loss for the participants.

If the non-transparency in mining income only causes a partial income loss, the more serious issue is the total absence of promised payout. Users paid for mining machines and mining power but they never received any income. This will lead to major economic loss for individuals. In addition, the majority of the average users are confused on the definition of ‘cloud mining power’. They are prone to misleading information. Some users purchased the unprofitable Filecoin cloud space instead of the profitable effective storage power because they mixed up the jargon. Many users suffered a loss.

*Cloud mining power lacks liquidity

At present, individual user’s cloud mining power is typically purchased from one specific miner. Trading mining power is very difficult for the users if they need to get liquid capital. They can only sell their mining power to another user who uses the same miner service. The transaction procedure is a big hassle. It is nearly impossible to trade across different miners.

*Cloud mining power has a poor fund utilization rate

After buying cloud mining power shares, users have no other options but to simply wait for mining income. Their assets cannot be utilized in other financial activities. The fund utilization rate is less than ideal.

Decentralized Mining Market

As is explained above, if we want to make mining accessible to everyone, first we would have to solve the problems of entry barrier, transparency and liquidity. So, what is the solution?

Since mining activity contributes to the cryptocurrency industry, crypto technology also provides potential solutions for the mining market. One of the most significant solutions is decentralization. Decentralization has the potential to reform the cloud mining market with the helps from smart contract, DAO governance and NFT.

This is what DMEX is trying to do. DMEX endeavors to revolutionize the mining market with decentralized models, so as to improve transparency and liquidity of the current cloud mining power market.

The Decentralized Mining Power Market of DMEX

DMEX stands for Decentralized Mining Exchange. It is a decentralized trading platform for cloud mining power. DMEX is building a cloud mining power trading platform for the average users, so that they could enjoy the freedom for participation, transparency in incomes and liquidity in assets. In order to realize this mission, decentralization is the key. DMEX platform does not rely on third party suppliers to construct the cloud mining market. Instead, DMEX plans to earn users’ trust by adopting a rigorous technical framework. A trustworthy platform will receive larger market shares.

There are several keywords in DMEX’s design: NFT, DAO and DeFi. They are the cornerstones of DMEX’s decentralized cloud mining power trading platform. To be more specific, the effective mining powers on DMEX platform are represented by NFT. Different NFTs stand for different effective mining powers. When users purchased the mining power NFT, they will receive the corresponding mining incomes. NFT can also be transferred and traded, hence bringing liquidity to cloud mining power assets. In order to sell NFT mining power products, communal DAO is brought in as the arbitrator. There will be zero reliance on centralized institutions. Therefore trust and transparency can be guaranteed. Finally, NFT can be used for lending, mining, community insurance or other DeFi activities so as to obtain greater return.

DMEX’s procedures can be explained as follow. As DMEX is a cloud mining service market, the corresponding mining power of NFT is provided by the miners. In order to sell mining power NFT, miners have to file an application to DMEX first. The application is reviewed by DAO community and the community will vote. When the vote is passed, in order to further protect the interest of NFT buyers, miners will also need to stake a DMC collateral, i.e. the platform coin of DMEX. When the mining power NFT is minted, average users who wish to participate in mining can purchase it on the market. After users purchase the NFT, they will be able to receive the mining incomes. They can also participate in other DeFi activities such as lending, mining or community insurance.

How is DMEX’s mining power NFT produced? How can it guarantee that every NFT is corresponding to effective mining power? How does mining power NFT participate in DeFi activities?

DMEX’s NFT

If you are familiar with the cryptocurrency industry, NFT should be no stranger to you. NFT stands for non-fungible tokens. Fungible tokens are interchangeable. For example, you have one ETH token and your friend has another one ETH token. Those two tokens are exactly the same, having the same value and completely interchangeable. On the other hand, NFT is not interchangeable. Every NFT has different attributes. They are uniquely marked. Think of two NFT tokens as two paintings. You cannot convert a da Vinci painting into a Picasso painting.

Why doesn’t DMEX use fungible tokens to represent the mining power sold by the miners? This is because every cloud mining power product on DMEX is different. The differences include node information of the mining power providers, mining power valid period, quantity of effective mining power, the corresponding mining incomes. These variables are better represented by NFT. NFT can make market tradings and DeFi activities more convenient.

Through tokenizing mining power into NFT, mining power assets can be uploaded to the blockchain. Once the asset is linked to the blockchain, all the records will become tamper-proof. This will also greatly improve asset liquidity. Such transparency and liquidity will encourage more people to participate in the cloud mining industry. This also improves the capital efficiency.

Miners provide mining power NFT to be traded on DMEX platform. Before the mining power can be minted to NFT, it must be reviewed and voted by the DAO community. If the vote is rejected, miners will not be able to sell their mining power as NFT. If the vote is passed, miners would still have to stake a corresponding amount of DMC tokens (DMEX’s platform token) before they can proceed to covert mining power into NFT products. Mining power NFT has various attributes such as miner information, mining power valid period, quantity of effective mining power, mining incomes.

After mining power is tokenized to NFT, it can be sold on DMEX cloud mining power market. There are two kinds of sales: fixed price or auction. When average users purchase a mining power NFT, they can check the NFT details in their wallet. These details include miner information, mining power valid period, quantity of effective mining power, as well as mining incomes which is the most important aspect for the users. Mining incomes will be automatically deposited into users’ wallets everyday.

Since mining power has been tokenized to NFT, it can now be transferred. If some users need working capitals, they could sell their NFT. All attributes of the NFT will be open and transparent.

In conclusion, once the mining power is tokenized to NFT, the entry barriers for average users to participate in mining will be greatly reduced. Users need only to buy NFT to obtain the corresponding mining incomes. In addition, the tokenization of the mining power also improves its liquidity.

DMEX’s DAO

The tokenization of mining power makes it possible to sell and trade mining power, as well as improving its liquidity. But how to ensure every NFT can corresponds to effective mining power? This is the most tricky part of converting non-digital assets to blockchain assets.

DMEX has three safeguards to guarantee the value of mining power NFT. Before mining power NFT is minted, miners need to submit their mining power details to the DMEX community. These details include authentic individual or company information, total mining power, quantity of effective mining power, and estimated incomes. The community is governed by DAO. All DMC token holders can cast their vote to determine if the miner is allowed to tokenize their mining power into NFT and sell it on DMEX platform.

When miners tokenized their cloud mining power to NFT, they also made a promise on blockchain that they will pay mining incomes to the users as the purchase contract stipulates. What if miners take back their mining power after they sold it? How to guarantee the value of mining power NFT?

After mining power NFT is sold, DMEX executes a fund risk management contract to secure mining income payouts. DMEX’s fund risk management contract linearly releases the funds users paid to purchase NFT by days according to the NFT’s valid period. It means that miners cannot take away the entire payment at once. This is a safeguard against miner defaults. At the same time, miners are also obliged to distribute mining incomes to the users everyday according to users’ purchased NFT portion. If a miner fails to distribute mining income as the contract stipulates, or if the mining income is more than 20% lower than the market average, the DAO community can vote to terminate payments to the miner and return the remaining payments to the users.

The benefit of using smart contract to release payments for NFT purchases and mining incomes is that it could ensure the effectiveness of mining power NFT. Since the smart contract will not release the full payments for NFT purchases to the miners all at once, if the miner fails to distribute mining income as the mining power NFT contract stipulates, the smart contract mechanism will minimize users’ loss. Meanwhile, users can receive the corresponding mining incomes everyday. This will also boost users’ confidence.

DAO governance can also establish community insurance. Community DAO can manage the funds in the community insurance. At present, DMEX plans to allocate 10% of its DMC tokens as the initial funds for the community insurance. As time goes by, all DAO community members can collectively determine another set percentage to direct more funds to the insurance. If a miner black swan event occurs (such as earthquakes), when NFT’s value cannot correspond to its mining power, the community insurance will compensate the NFT holders.

DAO governance is not accomplished at one stroke. Every DMC holder has the right to participate in platform management. According to DMEX’s plan, the DAO governance will be implemented by stages.

During the early stage of DMEX’s launch, DMEX will select 7 representatives from its team and advisors to launch the platform. At this stage the platform will be managed with Multisig Wallet. Every early proposal needs to have 4 or more consenting votes before it can be accepted.

After the DMEX platform is launched, DMEX will start the communal DAO governance. The community can vote for new managers for the Multisig Wallet. Communal DAO can raise new proposals for various agendas on DMEX and vote on it. Things that can be governed by community votes include but not limited to: mining power NFT minting review, mining power NFT mint fee adjustment, mining power NFT trades service fee adjustment, mining power NFT loans and other DeFi products’ interest rate adjustment, suspension of payment release according to risk management contract (miner fails to distribute mining income for 7 days, mining income is 20% lower than the market average for 7 consecutive days), miner defaults that cause substantial loss to the users, initiate insurance compensations, etc.

DMEX’s DeFi

DMEX is a marketplace for cloud mining power NFT. What does it has to do with DeFi? Once cloud mining power is tokenized to NFT, it turns into working capitals and thus has the chance to participate in DeFi activities. DMEX plans to launch with the Filecoin mining power market, then move on to Bitcoin and Ethereum mining power market.

*Lending market

On DMEX platform, there are two kinds of assets available for collateral loans. One is mining power NFT. The other is mining income. DMEX tokenizes mining incomes. For example, when users purchased FIL cloud mining power NFT, they will receive FIL incomes from the miner everyday. DMEX maps FIL to iFIL tokens at 1:1 ratio via Ethereum platform. It means that the mining incomes users receive everyday is Ethereum-based iFIL token. When users decide to leave DMEX platform, they can convert the iFIL back to FIL tokens at 1:1 ratio. DMEX plans to distribute Bitcoin mining incomes with wBTC or tBTC tokens. The Ethereum mining incomes might be distributed with wETH tokens or directly as ETH.

Users can stake their mining power NFT or mining incomes (such as iFIL, wBTC and wETH) as collateral to take out a loan in stablecoins such as USDT. They simply need to pay back the loan at its maturity with the corresponding interests. Lenders can post their demands on the DMEX platform, while borrowers can also apply for collateral loan by staking their assets. If the loan payment is overdue, the smart contract pertained to the loan will automatically transfer the staked cloud mining power NFT assets or incomes (such as iFIL) to the lender.

*Mining

Users stake NFT assets that can be mined to obtain DMEX’s platform token DMC. Users can earn DMC token incomes by providing liquidity to the DMC token pool. Users can also obtain DMC token incomes from behavioral mining by purchasing cloud mining power NFT.

* Community Insurance

By staking their mining power NFT assets or DMC tokens, users can earn premium income. At the same time users might also be liable to losses caused by miner problems.

DMEX’s Token Model

DMEX’s platform token is DMC. It has a total of 100 million tokens, of which 50% is generated through mining and 10% is reserved as a risk-sharing fund managed by the DAO.

From the perspective of DMEX’s sustainability, its centerpiece is its mining activity distribution model. DMEX needs to motivate miners to provide more mining power NFT through the mining model. It also needs to encourage average users to buy more cloud mining power NFT in order to build a sizeable cloud mining power NFT trading market.

According to DMEX’s white paper, DMEX’s mining activity mainly involves three parts: behavioral mining, liquidity mining, and node staked mining. Of the 50% mined DMC tokens, behavioral mining accounts for 30%, liquidity mining comprises of 10%, and node staked mining amounts to 10%.

Behavioral mining refers to the purchasing of cloud mining power NFT, trading NFT and participating in DMEX’s DeFi activities. 5% of users’ payments for mining power NFT will be paid to miners as a channel fee for selling mining power. The channel fee will be used to purchase DMC tokens and repay the users. This will create a demand for DMC. In addition, when users trade their NFT on the DMEX marketplace or participate in DeFi (NFT staked loans, etc.), 2% of the transaction fee will also be used to purchase DMC tokens and repay the users. This will further fuel the demand for DMC purchases.

Liquidity mining is achieved through users providing liquidity for DMC/ETH or DMC/USDT liquidity pool (such as on Uniswap and other DEX). Users can earn platform token DMC by providing liquidity. The liquidity mining period is one year.

Node staked mining mainly targets promotional nodes. DMEX has community master nodes and light nodes. The community master node needs to stake 20,000 DMC tokens. The master node has the right to recruit light nodes, which is required to stake 2,000 DMC. The master nodes and the light nodes help to promote the mining power NFT. Both type of nodes can earn the corresponding commission as well as the staked DMC tokens’ mining incomes.

From the descriptions above, we can identify three main functions of DMC: participating in DAO governance, providing credit guarantee, and earning platform incomes. Participation in DAO governance means that only DMC token holders can vote to decide on various proposals to the platform. Credit guarantee is similar to qualification credentials. For example, miners can only mint mining power NFT by staking a corresponding amount of DMC tokens. For community promotions, only by staking DMC can one becomes a community node and participate in node staked mining. If any miner is dishonest with his mining power NFT, his staked DMC tokens will be deducted. To earn incomes from the platform means that the DMC token has the potential to acquire the platform’s transaction fees in the future.

Conclusion

The cryptocurrency industry is rapidly growing almost every day. The cloud mining power market is no exception. With the development of smart contract, there is a golden opportunity for us to build a decentralized cloud mining power market through instruments such as NFT, DAO, community insurance, smart contract fund release, and token incentive mechanism. We could establish a brand new mining power market with income transparency and asset liquidity. Our endeavor will not only lowers the entry barrier for average users to participate in cloud mining,but also we could truly earn users’ trust and take advantage of the opportunity to expand the market share and reshape the cloud mining industry.

Cryptocurrency and the end times

I don’t know if anyone here has been following Bitcoin and cryptocurrency, but Ive been pondering for a while now. The technology of cryptocurrency and blockchain is world changing in my opinion.

I think cryptocurrency is going to be the way the antichrist/one world government controls money. The mark of the beast is a way to spend your cryptocurrency , and he can turn it off and on at anytime. Bitcoin or whichever unregulated cryptos will be banned , and only the Antichrist’s crypto can be used.

Everything seems to be falling into place.

Sometimes I spiral into deep thoughts and existential mind crashes , and relate the 2nd coming of Christ and end times to today’s events.

I understand there is so many more things in Revelations and Daniel that I’m not even touching, but this has been on my mind a lot lately.

Thanks for reading.

The Future of Digital Currencies

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"Ok yet it's Digital at this point". "Advanced" a word whose sources lie in the latin digitalis, from digitus ("finger, toe"); presently it's utilization is inseparable from PCs and TVs, cameras, music players, watches, and so on, and so on, and so on However, what of advanced cash or even computerized majority rule government?

The print machine caused an upset in now is the right time, hailed as a popularity based power for good by many. Books accessible to the majority was surely an upset; and now we likewise have digital books and mechanical gadgets to peruse them with. The way that the first words have been encoded into a mathematical structure and decoded back to words electronically doesn't mean we believe less the words we are perusing, however we may at present lean toward the feel of an actual book than a piece of innovative plastic which needs to have its battery charged to continue to work. Can advanced monetary forms, for example, bitcoin truly give a commitment to positive social change in as terrific a way?

To answer this we should request what from cash, how are we to get it, use it and fuse it into a supportable model of a 'superior world for all?' Money, in contrast to some other type of property, is exceptional in that it very well might be utilized for anything preceding an occasion in any event, happening. It suggests nothing, yet can be utilized for incredible great or extraordinary insidiousness, but it is just what it is regardless of its numerous signs and results. It is an exceptional yet much misconstrued and abused item. Cash has the effortlessness of encouraging purchasing and selling, and a numerical multifaceted nature as exhibited by the monetary business sectors; but then it has no thought of libertarianism, good or moral dynamic. It goes about as a self-ruling element, yet it is both endogenous and exogenous to the worldwide local area. It has no character and is effectively replaceable, yet it is treated as a limited asset in the worldwide setting, its development administered by a bunch of complex principles which decide the manner by which it might carry on. However regardless of this the results are rarely totally unsurprising and, besides; a guarantee to social equity and an abhorrence for moral turpitude isn't a prerequisite of its utilization.

All together for a cash to adequately play out the monetary capacities expected of it, the inherent estimation of cash must be an accepted way of thinking by the individuals who use it. In November 2013 the US Senate Committee on Homeland Security and Governmental Affairs recognized that virtual monetary standards are an authentic methods for installment, an illustration of such is Bitcoin. Because of the extremely low exchange expenses charged by the 'Bitcoin organization' it offers an undeniable method to permit the exchange of assets from transient specialists sending cash back to their families without paying high exchange charges at present charged by organizations. An European Commission determined that if the worldwide normal settlement of 10% were decreased to 5% (the '5x5' activity embraced by the G20 in 2011), this could bring about an extra US$ 17 billion streaming into non-industrial nations; the utilization of the blockchain would lessen these expenses close to zero. These cash move organizations who extricate abundance from the framework may get dis-intermediated using such a foundation.

Likely the main highlight note about cryptographic forms of money is the disseminated and decentralized nature of their organizations. With the development of the Internet, we are maybe seeing a 'glimpse of something larger' in regard of future advancements which may abuse unfamiliar potential for permitting decentralization however at a heretofore inconspicuous or inconceivable scale. Accordingly, though before, when there was a requirement for an enormous organization it was just reachable utilizing a various leveled structure; with the result of the need of giving up the 'force' of that organization to few people with a controlling interest. It very well may be said that Bitcoin speaks to the decentralization of cash and the transition to a straightforward framework approach. Bitcoin speaks to as huge a headway as distributed record sharing and web communication (Skype for instance).

There is almost no unequivocally created legitimate guideline for advanced or virtual monetary forms, anyway there are a wide scope of existing laws which may apply contingent upon the country's lawful monetary structure for: Taxation, Banking and Money Transmitting Regulation, Securities Regulation, Criminal as well as common law, Consumer Rights/Protection, Pensions Regulation, Commodities and stocks guideline, and others. So the two major questions confronting bitcoin are whether it tends to be considered as legitimate delicate, and in the event that as a resource, at that point it is classed as property. It is normal practice for country states to unequivocally characterize cash as lawful delicate of another country state (for example US$), keeping them from perceiving other 'monetary standards' officially as cash. An outstanding exemption for this is Germany which considers the idea of a 'unit of record' that can hence be utilized as a type of 'private cash' and can be utilized in 'multilateral clearing circles. In the other situation of being considered as property the conspicuous disparity here is that, not normal for property, computerized monetary forms have the limit of distinctness into a lot more modest sums. Created, open economies are by and large tolerant to computerized monetary forms. The USA has given the most direction and is profoundly spoken to on the guide underneath. Capital controlled economies are viably by definition combative or antagonistic. Concerning numerous African and a couple of different nations the point has not yet been tended to.

Beginning from the standards of popularity based support it is promptly evident that bitcoin doesn't fulfill the positive social effect part of a particularly level headed to the extent that its worth isn't one it can apply impact over however is liable to market-influences. Anyway any 'new' digital money may offer vote based investment when the virtual cash has various standards of administration and issuance dependent on more socially based majority rule standards. Visit here Stellar Lumens price prediction

So imagine a scenario where a "advanced" cash could give a legitimate option in contrast to existing types of cash in playing out the part of contributing emphatically to: the objectives of advancing a socially comprehensive culture, the equity of chance and the advancement of mutualism; which as their very name suggests are elective and additionally reciprocal to an authority or public sovereign money. Virtual cryptographic forms of money, for example, bitcoin are another and arising dynamic in the framework; however in their early stages, the speed of development in the field of digital currencies had been emotional.

There are numerous elements which decide the 'adequacy' of cash to achieve positive social and natural change; swarming political belief system, monetary climate, the longing of nearby networks and people to seek after elective social results while looking to amplify financial chance, working of social capital, and numerous others. On the off chance that a neighborhood advanced money could be intended to incorporate additional flexibility into a nearby economy and improve financial results then presentation on a more inescapable premise merits examination. At the point when the current monetary framework neglects to convey it is showed in such manners as: expanded social detachment, higher crime percentages, actual abandonment, chronic weakness, an absence of a feeling of local area, among other unwanted social effects.

3 Key Reasons

Why you shouldn’t sell.

1. Many are pretty incapable of removing emotions from their financial decisions. The more emotionally attached you are to an investment, the more likely you are to make a mistake with it

2. Holding your asset costs $0 (generally speaking) and you can short (hedge) when you feel uneasy. Not only is this peace of mind it’s also a non-taxable event (holding)

3. Borrowing against bitcoin will soon become more user friendly. Money is cheap, bitcoin will thrive for many more years. Once it becomes a less volatile asset more will jump on-board

But don’t listen to me, I play by my own rules.

I just lost $750k net worth and I’m not selling

First, my annual income has ranged quite wildly from $100-180k for over a decade but I also live in an expensive metropolitan area where 1,500 sq ft of a condo or modest single-family home sells for $1.5m. I went to a financial advisor for the first time a few months back and they called me earnestly, "solidly middle class." So, $750k is significant.

I bought about $50k over various buys in 2013-2014. At the time, I’d say that was about 15% of my net worth (all of which I earned, I am no trust fund baby).

I have never once sold any bitcoin. All purchases go right into cold storage. I watched all the big dips. 30-50% drops in violently fast intervals. Long recoveries. Never touched it.

I’m no hero HODLer. In fact, I hate that term. It’s childish, and not in an oh-so-cool-for-the-Internet way. People with any kind of positive net worth have portfolios. You don’t HODL. You have assets in various instruments. Some on paper, some as property. You’re “HODLing” all of them. You’re sometimes reallocating, but largely you choose a mix and leave it alone. To say you HODL just tells me you’ve never had anything other than a cash savings account and probably a mountain of debt.

So why do I hold bitcoin and not sell it? For many reasons already espoused endlessly on this forum, but here’s a simple take I don’t see often: If one bitcoin is worth $1, it’s basically worth over $1 million. It’s either valueless or should be priced at whatever would account for the entire world’s business conducted in direct btc transactions with no fiat ramps. There is no in between. Because bitcoin either works or it doesn’t, and the objective fact is: it works. It has worked since 2009 when the open source software was released to the world.

Ask an average Joe anywhere in the world: “Is bitcoin proven, working software or just a prototype?” and I bet 9/10 say the latter. The mainstream narrative of bitcoin is so laden with bullshit, most people simply do not know that bitcoin just works and has worked since the beginning.

Its promise is to allow two entities to transfer value without any middleman, and that the value cannot be counterfeit. This has not changed. If you transferred coins to an address generated in 2009, they sit at that address today still. Any free wallet software today will let you access it. The original client and its variations have been iterated, but bitcoin is still just a ledger, shared by thousands of volunteered machines online. And the deflationary economic philosophy -- a limited supply of coins -- chosen by its original creator, is the same and will always be.

For all the endless talk of how the protocol, the thousands of pointless crypto copies, and decentralization is a platform that can change every industry… it all doesn’t matter. Maybe the other applications will happen meaningfully, maybe they won’t. But the first software devised which runs the largest network, and a permanent, immutable economic policy that is the polar opposite of MMT and the state-run money of every country around the world, **has already happened**.

Bitcoin’s price moves so much because most people are simply idiots. The “speculative asset” narrative is self-fulfilling. There’s nothing to speculate. Bitcoin works. Will it be adopted, won’t it be? It IS adopted. When one person agreed to hand over a product or service for some amount of coin, it was adopted.

The single biggest thing that slowed its *widespread* adoption was government making a coffee purchase a taxable event (i.e. defining bitcoin as property). If we weren’t concerned about bureaucratic friction, we’d just spend what we must and save the rest. Like money is supposed to work. Instead, we hoard. And the dumb players crash in and crash out, creating and riding their own mania, but never really understanding anything.

Screw every person — with ill will or just ignorance — that says it has no inherent value. It is technology with measurable demand. It is finite, it is impossible to counterfeit, it is instantly and safely transferrable between any two parties without a middleman, and cannot be confiscated. It also cannot be uninvented. Owning it is knowledge of characters in your head and that can never be regulated away.

Again: If bitcoin is not valued at zero, then its total value should amount to the entire stored work product of the human race. Because there’s no safer place to store that value. If you think that value stored in something like fiat, which can be printed infinitely, is safer, then you’re with 98% of the rest of the world right now and you’ll continue to resent every leap in value bitcoin makes. I’ll see you at the next peak, where many more gamblers will have come and gone, but a few more who understand that fiat is garbage will be here to stay.

Strange website which posts about red rooms and contains a .onion link, all while claiming to be a website that sells accordions and other instruments. Very bizarre.

I found a strange website that supposedly sells accordions, yet keeps on rambling about random things once links are clicked. Its just wordshit pages, many of which talk about things as bizarre as red room games. It also leaves a link to a .onion link at the end, which i didnt click on, or search up. This may be linked to some darknet scam??

https://petosa.com/blog/1k4v2s2.php?id=red-room-game-280b09#

The text in the page reads as follows: thanks, Its a almost impossible . You didn't come here to study the decoration.Hurry up to escape! Spend your hard earned kreds on some of these games! IMPORTANT NOTE: The game has various PDF documents in it. You’ve completed your Kartridge quest! For this reason, we don’t think it’s suitable for younger children and suggest an age limit of aged 12 or older for it. Plugin for Chrome as an easy way to enable Flash content in the browser. games. There are many red room sites in the deep web but almost all the sites are just a scam. If you can, buy the game at least 24 hours ahead of when you plan to play. There are many red room sites in the deep web but almost all the sites are just a scam. g Popular user-defined tags for this product: To view reviews within a date range, please click and drag a selection on a graph above or click on a specific bar. p+-Playlist The detectives managed to track the snuff videos took by Scully. Play Escape the Red Room Find documentation and support to get you started. But you will have someone experienced playing the big lead role and helping to keep the script on track. By using our site that you accept our terms and conditions. You are in red room which is unique atmosphere. Moreover by doing so you will only encourage them (considering you manage to gather the resources), hes totally right. shook the internet world and it is one of the most horrific cases until now of child abuse, , is considered to be the most dangerous site, secret child pornography site in the deep web, Deep Web Links and Websites - 1000 Active Top dark web sites, 2020 Best Deep Web Credit Card Numbers - Deep Web Sites, Tor Search Engine - How to use Tor Search Engine, Onion links | Deep web Directory | Onion directory, Hidden Wiki - Deep Web Links | Hidden Wiki Links, AlphaBay Market Guide On Darknet Market - Deep Web Links, What Is Onion Sites and How To Access '.Onion' Sites. Alternatively, we also recommend the SuperNova! Even with the quick version, you should still allow at least 15 minutes to get everything ready. Pages with Special Themes; Learning games sorted into special categories. The viewer pays more money for more tortures. © 2020 Valve Corporation. Downloading the game usually happens within minutes but can sometimes take longer, depending on your connection. To play games on Kongregate, you must have Javascript enabled! 4+ Rating (not a scam). To avoid any technical mishaps with the video chat platform you are using, the more time you give yourself to prepare, the smoother the game will run. Start with the Notes for Organiser and these will point you to what you need to do next. He also took 8 girls and an 18-month-old infant from the streets by saying helping the street kids. 13, 2016 If there are more than 14 of you or some guests don't want to play characters, the extra people can observe and accuse at the end instead. HomeMurder Mystery Games ShopAbout UsWhodunit photosFAQsWhat to do before your eventPerfect Murder Mystery PartiesMurder Mystery Costume GuideMurder Blog, Murder Mystery Games57 The FairwayRuislipLondonHA4 0SPUK, HelpTestimonialsRefundsTerms and ConditionsCommercial LicencesAffiliatesSitemapSearch, Site design and game cover photography/design by Katie Vandyck at 100Designs © 2018. ・Search by tapping the screen. If the user pays it, they can stay in the red room. A Red Room is a hidden livestreaming service available on the the Deep Web that is typically accessed via invite or by paying to enter. New products and safe to buy. Congratulations! We hereby declare that you are the sole responsibility for using the deep web links. The red room is just an animation game where you can see a blindfolded woman is tied by a rope and one can demand action of harassment or torture the women. It’s just an imaginary live stream on the dark web. Use Tor scam list before accessing any of the sites in deep web. Red Room Deep Web - the red room is suspicious topic and no one wants to share his experience on the red room links, but this post has all your questions answers like what is deep web red room, how to find shadow web, where to find active red room deep web links, what type stuff you can enjoy on the red room … The red room is a website where the user is shown a video of their choice. One could be jailed for listing a sites, the chance that will happen is minimal. Hide the progress bar forever? The most Disturbing and Horrifying Story on the Deep Web – Peter Scully’s Red Room Story, Deep Web Destinations – A Massive List of Places to Visit on the Deep Web, 11 Spine-Chilling and Nightmarish Deep Web Stories from Users. You can use this widget-maker to generate a bit of HTML that can be embedded in your website to easily allow customers to purchase this game on Steam. Sadat. We deep-weblinks.com hereby state that we are not responsible for any of the loss that you met with the sites that are displayed here. One person acts as a guide, puts you into a trance and leads you through doors and rooms in your mind. Money on the Dark Web: Bitcoin Fades as Monero Rises. This content requires the Flash Player plugin to work. The game can be played virtually via video chatting and conferencing (Zoom, Facetime, Houseparty, etc.) Once the user enters the site they can demand actions like torture or even kill the person displayed in the screen. Modern browsers will remove support for Flash in December of 2020. There are several real-time stories, There are plenty of rumors about the video of Scully as what the video contains but they remain as rumors still. The Red Room [v0.3b] Game It Is Full And Complete Game. We strongly urge all our users to upgrade to modern browsers for a better experience and improved security. In the sitting room, there is a porcelain closet, and it seems worthy. How does the Viewer connect to the Red Room? This was lead to Sasebo slashing. Mar. It’s just fraudulent sites that demand more money for nothing. When a user enters into the red room, the site will ask for the mail id of the user. Sign in to add your own tags to this product. 8-13 people play characters (sometimes sharing the same character) and 1 person runs the game. Enter up to 375 characters to add a description to your widget: Copy and paste the HTML below into your website to make the above widget appear. - 80% of the 15 user reviews for this game are positive. A Red Room is a composite of urban legend and it is a dark/hidden website service available on the Deep Web where you can participate in interactive torture or murder. The content in Murder in the Red Room isn’t particularly crude or smutty although it contains some references to extra-marital affairs. videos. For such rooms you need a referral from someone who is already in that group. It involves a fair amount of listening and observing as well as joining in. The Owner od this house is a porcelain lovers. Generally, red room consists of sexual harassment, torture of a person. by Kongregate free online game red room - guide the ball to the center of screen. write some sites that connect to red room Read more>>. 550,675 Please don’t use the red room in any situation. You can see how a person screams during rape. Free Strategy Games from AddictingGames Here you'll find a free random number generator, classroom timer, a social studies game, and a huge trivia game that covers 5 subjects. Murder in the Red Room has a lot more going on in it than happens at a quiz night! You can now be. But this type of child pornography is banned by many, The red room is just an animation game that was popular over the mid-2000s in Japanese internet communities. But the red room provides child pornography beyond the rules. There are only two real cases of the red room. The site’s owner initially offers a certain amount of bitcoins to the user. The Red Room [v0.3b] Mac Game Free Download for PC Full Version via direct link. He tortured the 8 girls and the 18-month-old infant sexually and killed them in front of a live cam. Sign in to add this item to your wishlist, follow it, or mark it as not interested. Your email address will not be published. The Crimson Room is a brain teaser flash game where you wake up in a red room with a headache and can't remember a thing or even where you are. Español - Latinoamérica (Spanish - Latin America). Its just important to learn how to find this links. cutting body part’s etc., In the list of, Child pornography includes rape, sexually torture, torture by cutting body parts. The chromatic stripe carpet is very charming, isn't it?Oh! Please register or login to post a comment. My advice is that never enter a red room. Dear! A few member in the deep web loves to watch the torture, the blood, and the screaming. This is a horror game. http://6tds66lovd24jl7f.onion/ – BestBuy Cards – The Best Wholesaler and Retailer in the Market. According to the victim’s statement, Scully had forced the girls to dig their own grave after being tortured brutally and sexually. Best New Games Best games from last 2 months Categories & more LIBRARY New Games Next in 00:00. Play red room Scully also operated a. No 1 website to buy stolen bitcoin wallets. ​ Peter Scully’s Red Room: Peter Gerard Scully is an Australian, who entered the Philippines in 2011. According to the author of Silk Road, he said that “Streaming videos of the tortures and murder of a person is just for the entertainment of others” as per the typing instruction of the viewer. The email usually arrives within an hour or so but please check spam/junk or contact us c/o mmgames[insert @ here]mayhem.org.uk if it doesn’t. The typing instruction will be executed only if they pay money to them. If a red room link asks you to pay through some other payment option that is not a Bitcoin payment just get out of the link. Hi there! Red Rooms are the live streaming onion or shadow sites with the option of live IRC chats along with the Bitcoin payment. In the sitting room, there is a porcelain closet, and it seems worthy. Accessing a Red Room is the sole goal of the player of Welcome to the Game, being one of the multiple chat rooms on the Deep Web which features streams of actual torture and murder for the viewers' entertainment. Blood comes out. Generally, red room consists of sexual harassment, torture of a person. http://xzycbxex66aja7fd.onion – 21 million club – buy/sell bitcoin wallets. . 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Putting all my eggs in one basket.

How good or bad of an idea is it to buy a little bit of multiple different crypto’s? Say $10 of bitcoin, $10 or Ren, $10 of ethereum, etc. Spreading my wealth around in the event one blows up like bitcoin did.

Is there any potential risk other than just simply losing the money I spend on crypto?

If you want to learn more about Bitcoin, come to this meeting! (Virtual Bitcoin Conference)

This is an event hosted by Bitcoin of Orlando that will occur on February 13th, 2021 at 4:30 pm EST. During the meeting, we will be discussing different topics about bitcoin and will be taking questions at the end of the web conference.

This is purely educational and completely free. I wouldn't post the link if I was not comfortable with going to the meeting myself. To all who think this is some sort of scam, look at my comments and previous posts. I am only here to help the community!

Here is the link to save your spot:

https://www.meetup.com/Bitcoin-Orlando/events/gtgjpqyccdbrb/

[ Bitcoin ] I just found some LTC I forgot that I bought years ago. What would you do with it?

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by cryptothrewaway [link]

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So I had earned a few bucks here and there by going through all the coinbase "earn" options, and I was sending the small amounts over to Celsius to try it out since the amounts were very small, and on cryptos I don't really care about.

I was looking through an old wallet I hadn't used in a while and found a decent sum of LTC that I forgot about. It is not a life changing amount, but represents a month or two of living expenses.

So what would you do with it? I'm a BTC HODLer, but I'd rather not trigger any potential taxable events.

I could just leave it and forget about it again, or move it over to Celsius (and accept a bigger risk for 5ish% interest, or maybe use a convert service like changelly to convert to BTC and keep holding. Or, something else I'm not thinking of? What do you think?

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/u/cryptothrewaway your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].

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Real test is coming back from a Hack - Biggest DeFi Hacks of 2020 Report

I think the real test is when a project can come back from a hack. Here is a report of the biggest ones from 2020:

https://hacken.io/researches-and-investigations/biggest-defi-hacks-of-2020-report/

Direct from the article:

Decentralized finance (DeFi) was created back in 2015, when the pioneer application, MakerDAO, allowed any crypto holders to take out loans in the DAI stablecoin. Years of steady growth followed and a palpable buzz around DeFi started to emerge in the crypto community, leading to the breakout year that was 2020. 

According to DeFi Pulse, value locked up in DeFi protocols grew from roughly $700 million to $14.7 billion during this year. Most of the growth occurred in the latter half of the year, now known as the “DeFi summer”. But not everything went smoothly, as it is to be expected with experimental technologies, especially when said technology is severely tested – as was the case during the Black Thursday market crash in March

The recent boom also attracted the attention of many hackers and bad actors, who sought to take advantage of this new emerging trend. Although cryptocurrency cybercrime is down 60% this year, more than 21% of the volume of all crypto hackscame from the Defi space. In the first half of the year, DeFi was responsible for 45% of all thefts (47.7M), and those stats grew to 50% over the second half (51.5M). 

The amount of DeFi hacks in 2019 were negligible, however, this year the amount stolen from these types of protocols has surpassed $100 million. The list below details the most serious cyberattacks on the DeFi space in 2020.

1. DAOMaker ($8.32 million, March 12)

MakerDAO was hit the hardest during the Black Swan event. So much so that an emergency shutdown was even discussed at the time. As the price of Ethereum crashed during the ‘Black Thursday’ saga, the Ethereum network became heavily congested. Panic ensued among investors and bad actors started spamming the network, leading to oracles struggling to give updated prices and liquidation protocols not being able to keep up with liquidations.

Some users were able to exploit the protocol by liquidating some of their loans for free, leading to a $8.32 million loss. Investors have since grouped together and are now filing a lawsuit against MakerDAO for damages totalling $28 million.

2. Eminence ($15 million, September 29)

Andre Cronje became famous in the cryptosphere for the creation of Yearn.Finance. The platform’s native token rocketed its way to nearly $42,000 in September, becoming the first cryptocurrency to surpass Bitcoin’s price per unit. A flock of investors gathered around Andre, following him to new projects, such was the case of gamified DeFi platform, Eminence.Finance.

The project did not have a website and was not officially live but that did not stop investors from pouring over $15 million into Eminence finance. The money was placed in an unsecured and untested beta contract, which was exploited only 3 hours after it went viral on Twitter. 

Hackers ended up showing some benevolence in the end and returned $8 million of the stolen funds to Andre, which was then used to partially cover the user’s losses. Still, that didn’t spare him from receiving several death threats and getting sued. 

3. bZx ($954,000, February 18)

bZx was the most exploited DeFi platform of the year, being the victim of 3 different cyberattacks. The first two attacks were consecutive, happening only four days apart during late February. Exploiting the interconnectedness of DeFi protocols instead of a flaw in the bZx protocol itself, these “flash attacks” allowed hackers to get away with $954,000 in stolen funds. By taking out flash loans, larger than they would be able to in normal conditions, hackers were then able to influence asset prices and drain the lending pool.

4. bZx ($8 million, September 14)

In September, the bZx platform suffered the third cyberattack when someone discovered a bug in the protocol. Roughly $8 million was stolen after the hacker was able to create iTokens for free – a token that needs to be backed by assets in order to be minted and rises in value as the lending pool grows. Fortunately, this last one has a happy ending as the bZx team was able to track down the hacker and retrieve the stolen funds. 

5. UniSwap ($300,000, April 18)

Happening roughly a day before the dForce incident, the UniSwap exploit stems from the same vulnerability in Ethereum’s ERC777 token standard. It is estimated that the hacker got away with $300,000, accomplished by exploiting imBTC, a wrapped version of Bitcoin on Ethereum. The only losses came to those providing liquidity to the UniSwap tool, as the Bitcoins backing the imBTC were unaffected.

6. dForce ($25 million, April 19)

Lending protocol Lendf.Me, belonging to the Chinese dForce platform, was hacked on April 19. The attacker was able to steal $25 million by exploiting the same Ethereum vulnerability that caused the infamous DAO hack in 2016. After completely draining the money pool, the hacker had difficulties cashing out, which may have caused him to have a change of heart that led to returning $21 million of the stolen funds.

7. Harvest ($34 million, October 26)

During a “flash attack” on October 26, hackers were able to realize the biggest Defi heist of the year as $34 million was stolen from the Harvest.Finance protocol. The flash loans were used to manipulate the price of several stablecoins on decentralized exchanges (DEX), creating arbitrage opportunities and allowing hackers to buy more stablecoins than they should be able to under normal circumstances.

Many in the crypto community had already voiced their concerns about the centralization of the project before the incident. The anonymous founders of Harvest refused to give up control over the locked assets, which surmounted to over $1 billion before the hack.

The attackers have since returned approximately $2.5 million of the stolen funds. Not satisfied, the Harvest team is investigating the attackers and has even placed a $100,000 bounty for whoever finds them. 

8. Akropolis ($2 million, November 12)

Akropolis was the victim of a “flash attack” on November 12. The hacker discovered a vulnerability in Akropolis smart contracts, enabling him to take out flash loans using a fake ERC-20 token.

Akropolis had to freeze its stablecoin pool and is now looking to reimburse investors and catch the perpetrator. The Akropolis team has already identified the Ethereum wallet the attacker used and notified all major cryptocurrency exchanges.

9. Value DeFi ($6 million, November 14)

On November 14, just two days after the Akropolis incident, ValueDeFi became the next target of yet another “flash attack”. The team announced its updated feature on Twitter, the MultiStables Vault. However, less than 24 hours later, the feature was exploited and Value DeFi  had been hacked. The update which, among other things, was supposed to increase security against flash loans, ultimately failed. 

The attacker was able to manipulate prices in one of the vaults through a flash loan, which he then used to buy those same manipulated assets at a discounted price. The attack also took advantage of the fact that Value DeFi was using a centralized oracle, something they have since corrected by partnering up with Chainlink.

10. Pickle Finance ($19.7 million, November 21)

Inspired by Pickle Rick, an episode of the popular Rick and Morty tv show, Pickle.Finance is the most recent hack featured on the list. On November 22, an attacker was able to create what is called an evil jar, containing smart contracts that have the same interface as the original protocol jars. This allowed him to exchange between the 2 jars and steal an estimated $19.7 million.

Most Popular Hacking Methods

As of late, flash attacks have definitely been the most popular method. This involves circumventing the loan mechanism, which in turn opens up multiple attack possibilities such as asset price manipulation.  

Reentry attacks have also been used with quite some success. In the case of UniSwap and Lendf.me protocol, the reentry attacks were caused by vulnerabilities in Ethereum’s code,  namely the ERC-777 token standard. Some suggest the problem does not lie with Ethereum itself, but rather with the combination of Ethereum’s code with the DeFi protocols’ code that inadvertently opens doors for exploits.

It is hard to say if it’s the hacker’s merit or the developer’s downfall whenever a bug is exploited. However, the same can’t be said for bad project management. Retaining centralized features on decentralized protocols creates vulnerabilities. This was the case with Harvest.Finance, where developers held control over the value locked in contracts, and Value DeFi. This has since been rectified.

Lastly, scams are to be expected in a similar fashion to the ICO craze of 2017. From pump and dump schemes, to exit scams, or even UniSwap scam tokens, some have even suggested that 99% of DeFi tokens are actually scams.

How can crypto traders protect personal data from hackers? 

As we’ve seen, one needs to be careful threading the DeFi space. Due to its decentralized and anonymous nature, the DeFi market is a safe haven and easy target for scammers, hackers, and money launders. There is no regulatory framework to protect investors and the lack of security audits makes a hacker’s work much easier. Even though not all breaches resulted in permanent losses for investors, security is still a major concern.

The first and most important step is to never share your private keys, preferably keeping them offline in what is known as cold storage. Using a multisig scheme is also highly recommended, as it will help prevent losses in case of key loss or unwanted access by a third party. It is also important to protect your Ethereum wallet by regularly checking and possibly revoking smart contract permissions from DeFi apps you have used.   

It’s important to note that you should perform your due diligence before considering any investment in this (or any other) space. Investigate the team behind the project as well as if the protocols underwent stress tests and smart contract audits before the launch.

Predictions for 2021 

Industry experts predict DeFi hacks will continue to grow next year. Not only that, but money laundering is also becoming a huge issue.

Decentralized Exchanges (DEX) are the perfect money laundering machines, as they preserve the anonymity of its users, no KYC policies, and are unable to freeze any funds, unlike centralized exchanges. This was perfectly illustrated in the largest hack of the year, where KuCoin lost $218 Million to a hacker who was then able to launder the money through DEXs. 

Vulnerabilities in smart contracts are also a big issue. One that is expected to continue, as there is a lack of expertise in the field of smart contract development and auditing, and that will definitely keep the hackers coming back for more. It is worth noting that DeFi is in its early stages of development. The issues stated above and others such as low liquidity, regulatory uncertainty, and high volatility are to be expected. Nevertheless, DeFi may have the potential to revolutionize the way people interact with financial services, a much needed change from the legacy financial system.

Looking for a (non-podcast)show co-host - any feedback much appreciated

Hello

My name is Alex and I have a really hard time finding Bitcoin content that I enjoy. I mean don't get me wrong the quality of the content is great these days, but totally not entertaining.

So I want to start a daily Bitcoin show that I would enjoy and I need a co-host.

If you want to be a co-host or know anyone hit me up.

Contact: Twitter

Video advertisement

Premise:

Live show — between 2 people talking about what’s happening in Bitcoin or anything tangential and relevant to it. — verbal ping pong.

The dynamic between the hosts is key, so there needs to be an air of confidence until something is proven to be factually wrong and always be able to say I’m wrong.

There should be a possibility to intellectualize almost everything but also dumb down any concept or idea that comes across.

Fancy words are a plus but not a must. Sophistication doesn’t come with fancy words, it comes with a fancy mind.

I would want this to be a show where the topics vary from Schnorr signatures to archetypes, to getting your dick sucked, to Mempool dynamics.

This is a show NOT a podcast, meaning that it wants to be entertaining. There is not a need for high production quality but it needs to show effort.

I want people to watch the show for the hosts, not for the events presented in the show.

Format:

Around ~5 topics, usually referenced through a tweet, and the host discusses and comments on them.

When: M-F, but every day at the same time. The cohost doesn’t need to be present for every day

Length: ~ 1h.

Shows I like:

I was a huge fan of Bitcoin Uncensored back in the day so if there is any show I would want to mimic it would be this one.

Why did I like it?

• They could talk to anyone: Hookers, drug addicts, Nobel price winners
• They had good insights into how reality works(street smarts and book smarts)
• They would intellectualize things that no “intellectual” spent any time on, but at the same time make fart jokes about very serious and high-brow subjects.
• They could talk about anything with anyone anytime.

What I don’t like about other podcasts?

• Hosts having the enthusiasm of a teenage girl that just found out she’s pregnant
• Everyone is competing on who is the biggest fanboy
• Over intellectualization without any practicality
• Approaching Bitcoining as a checklist (Get the right guest, say the right things, read the right books, eat the right food, run a node, done)
• Lack of any artistic taste
• No one seems to be having fun.

Ideal host:

• Wants to do a podcast, doesn’t need to do a podcast.
• Intellectually confident, honest, and consistent
• Sense of humor
• Comfortable to talk about anything anytime

Responsibilities:

• Show up on the show, when you need to
• Always speak your mind
• Take care of the production with me
• Curate topics to talk about the next day

Instead of a mood board

Communication styles and ways of relating to reality I really like:

• Richard Feynman
• Jordan Peterson
• Chris Deros & Junseth
• Terrence McKenna
• Mitch Hedberg
• Howard Stern & Artie Lange
• Don Rickles
• Andrew Schulz
• Joey Coco Diaz
• Guy Richie
• Phil Lack
• Gary Vee
• Mathew McConaughey
• Ben Shapiro
• David Chow
• Quentin Tarantino
• Craig Ferguson
• Dave Portnoy
• David Lee Roth

If you still think this is interesting but you want to get involved partially or help just with one thing, please feel free to reach out.

About me:

My name is Alex Waltz, and I am a Bitcoiner.

I got into Bitcoin in 2012 while I was studying Computer Science.

Once I stumbled upon Bitcoin I immediately quit college and ever since then every waking second of my life has been about Bitcoin.

I have started quite a few projects, some had to do with mining, a few apps(that never took off).

For the last years, I’ve been doing a bit of OTC trading.

Bitcoin was the greatest thing I ever came across. It helped me find my nobility and showed me that I always was aristocratic by nature, but I did not know it.

I also play guitar for 14 years.

Things I often talk about:

• Bitcoin(from low-level signatures type stuff to the culture around it, not implying I know what I am talking about)
• How to make more Bitcoin
• Markets
• Meditation
• Hookers
• How do you make something the best
• Aesthetics
• Philosophy
• Products
• Meaning of things
• Business things

You can check out Bitcoin Reservations — the podcast I started a while ago.

Canadian Store Opening Information

Hello Meph Heads,

​

The Canadian store is still waiting on a number of restock items, but we wanted to go ahead and open the store with what is available. Some items are limited and may be quick to sell out.

Opening Date and Time – Saturday, January 23 - 1:30pm EST

Terms and Conditions

We will open the store again in February when all orders have processed, and shipping issues have been dealt with.

1. The payment methods available for this event are limited to Debit/CC and Bitcoin. Info about payment methods - https://www.mephistogenetics.com/info/payments
2. Please allow 10 BUSINESS days for your order to process and ship. An order status of processing means your payment has been approved and is awaiting shipment. You will receive a tracking email once your order has shipped.
3. Orders are processed on a first come, first served basis, first paid first shipped basis.
4. Please take care when placing your order, we are not able to add on/remove items or make other changes to your order. All sales are FINAL.
5. Please double check your shipping address. We ARE NOT accountable for missing orders if the address provided is incorrect.

Available Strains -

#41 - Bear Assed Monkey - (4 Assed Monkey x 3 Bears OG)

#42 - Grizzly Crinkle - (Sour Crinkle x 3 Bears OG)

#43 - Sour Gummy Bears - (Sour Stomper x 3 Bears OG)

#45 - Sweet ‘n’ Smelly - (Sour Livers x Sour Bubbly)

Livers BX1, 3 Bears OG, Forum Stomper, Skywalker, and Double Grape

[ Bitcoin ] Bitcoin will crash in 2021 or not like 2018 - Bitcoin news

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by Chetanchooudhary123 [link]

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We as you know, Investing in Cryptocurrency involves high risk and high returns, Be aware of both. It is very important to know.

According to my analysis, Bitcoin stands at very important points, If it started going down then it will be turned into a crash and If it started going up then a very strong trend can come from $42000.

Processing img 8fgh62n2apc61...

The Image is taken from Mini-invest, Bitcoin will crash in 2021 as 2018 or not

Crypto is now traded not an investment and will stay that way for a long time. The price could and probably will go all over the place but it is unlikely to go far above the recent high and it is extremely unlikely to maintain or beat a level of $40,000-$50,000 if it does. BTC won’t make its next significant high until the next halving— scheduled for 2024—and that will see us in a different world. I think bitcoin will repeat the fallback it suffered in 2017 just as the rise of that bubble has repeated.

Bitcoin is the king of Cryptocurrency. Bitcoin is trading around $35000 that’s why people are confused and asking Bitcoin will crash in 2021 as 2018. We will see that Bitcoin will crash or not.

Many people are asking me, What will happen with bitcoin, It will crash in 2021 or no?

If you also have the same question in your mind then read this article you will understand the reality.

Newcomers to the market may have been scared by today's US$12,000 move, but history says it's normal.

The price of Bitcoin was as high as US$42,000 and as low as US$30,000 in the past 48 hours.

History shows large dips are normal during periods of rapid price discovery.

News of institutional investment and government approval of blockchain technologies continues to roll in.

After scaling up to its all-time high of US$42,000 on 8 January, Bitcoin recently slid by almost US$12,000 down to just above US$30,000 in the past 48 hours – a whopping loss of 28.5% before recovering to the $35,000 mark at the time of writing. Those who have been in the market for years will understand that dips like this are normal, however, this time around the numbers involved are much larger, which may be especially frightening for newcomers.

A number of market indicators had been pointing in the direction of the flagship cryptocurrency facing some sort of pullback. The most likely explanation though is simply that many investors were looking to lock in profits after a historical ascent saw Bitcoin double in value from $20,000 to $40,000 in less than a month.

What Is Next for Bitcoin?

Pantera’s model demonstrates that the full impact of these halving events becomes evident about six months after each halving. So, for example, when Bitcoin ‘halved’ on May 11, 2020, its price was around $8,000. Six months later, BTC was trading above $15,000. By the end of the year, BTC had hit another new all-time high.

The model takes into account that there will be corrections on the longer-term road to $115K. However, in the short term, Bitcoin could be headed straight for a doozy.

Finance Magnates previously reported that a number of market analysts, including JPMorgan strategist Nikolaos Panigirtzoglou, said in a report that BTC may be at risk of lower price drops if it cannot manage to recapture $0K.

The analysts cited November of last year when Bitcoin faced $20,000 as a price barrier. In December, institutional money in December helped Bitcoin jump above the $20,000 level; but will there be enough institutional cash to help Bitcoin capture $40K?

“The recent price action shows that the trend-following traders could propagate the last week’s correction and momentum signals will naturally decay from here up till the end of March if Bitcoin’s price fails to break above $40,000,” the strategists said in the report.

So what

Bitcoin prices have largely been skyrocketing since early October 2020, rising from roughly $11,000 to more than $40,000 per token in a three-month span. Since reaching a peak on Jan. 9, bitcoin prices have meandered over the last week and a half. There was a big drop on Monday, Jan. 11, and a fairly steady climb back up during the rest of this week. Token prices nearly reached the $40,000 benchmark again before tumbling again today.

Cryptocurrencies have gained the attention of large investment firms this year, a major reason behind bitcoin's big gains in recent months. At the same time, the big names can cause sudden price drops from time to time. Today, investment firm UBS Global Wealth Management reminded investors that the bitcoin rally could end in tears. Cryptocurrencies are risky and volatile, and investors could end up losing everything they put into this unproven asset class.

"There is little in our view to stop a cryptocurrency's price from going to zero when a better-designed version is launched or if regulatory changes stifle sentiment," UBS analyst Michael Bolliger wrote.

That was enough to cause a sobering price drop that also hamstrung many stocks that had been following bitcoin upward.

Analysis

In the coming time, it will show you that what will happen? , So, If started the down then you can exit your position. However, It totally depends on you that you want to exit or not position.

If started going up then A very strong bull trend will come ( according to my technical analysis ). However, If you want to Exit your position. But, You should not Exit your position if it goes up on my recommendation.

Conclusion

This is our thinking and analysis, If you are against our opinion they you can. Because It will not be 100% true always. Invest or remove Investment depends on you.

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Looking for a (non-podcast)show co-host [any feedback much appreciated]

Hello

My name is Alex and I have a really hard time finding Bitcoin content that I enjoy. I mean don't get me wrong the quality of the content is great these days, but totally not entertaining.

So I want to start a daily Bitcoin show that I would enjoy and I need a co-host.

If you want to be a co-host or know anyone hit me up.

Contact: Twitter

Video advertisement

Premise:

Live show — between 2 people talking about what’s happening in Bitcoin or anything tangential and relevant to it. — verbal ping pong.

The dynamic between the hosts is key, so there needs to be an air of confidence until something is proven to be factually wrong and always be able to say I’m wrong.

There should be a possibility to intellectualize almost everything but also dumb down any concept or idea that comes across.

Fancy words are a plus but not a must. Sophistication doesn’t come with fancy words, it comes with a fancy mind.

I would want this to be a show where the topics vary from Schnorr signatures to archetypes, to getting your dick sucked, to Mempool dynamics.

This is a show NOT a podcast, meaning that it wants to be entertaining. There is not a need for high production quality but it needs to show effort.

I want people to watch the show for the hosts, not for the events presented in the show.

Format:

Around ~5 topics, usually referenced through a tweet, and the host discusses and comments on them.

When: M-F, but every day at the same time. The cohost doesn’t need to be present for every day

Length: ~ 1h.

Shows I like:

I was a huge fan of Bitcoin Uncensored back in the day so if there is any show I would want to mimic it would be this one.

Why did I like it?

• They could talk to anyone: Hookers, drug addicts, Nobel price winners
• They had good insights into how reality works(street smarts and book smarts)
• They would intellectualize things that no “intellectual” spent any time on, but at the same time make fart jokes about very serious and high-brow subjects.
• They could talk about anything with anyone anytime.

What I don’t like about other podcasts?

• Hosts having the enthusiasm of a teenage girl that just found out she’s pregnant
• Everyone is competing on who is the biggest fanboy
• Over intellectualization without any practicality
• Approaching Bitcoining as a checklist (Get the right guest, say the right things, read the right books, eat the right food, run a node, done)
• Lack of any artistic taste
• No one seems to be having fun.

Ideal host:

• Wants to do a podcast, doesn’t need to do a podcast.
• Intellectually confident, honest, and consistent
• Sense of humor
• Comfortable to talk about anything anytime

Responsibilities:

• Show up on the show, when you need to
• Always speak your mind
• Take care of the production with me
• Curate topics to talk about the next day

Instead of a mood board

Communication styles and ways of relating to reality I really like:

• Richard Feynman
• Jordan Peterson
• Chris Deros & Junseth
• Terrence McKenna
• Mitch Hedberg
• Howard Stern & Artie Lange
• Don Rickles
• Andrew Schulz
• Joey Coco Diaz
• Guy Richie
• Phil Lack
• Gary Vee
• Mathew McConaughey
• Ben Shapiro
• David Chow
• Quentin Tarantino
• Craig Ferguson
• Dave Portnoy
• David Lee Roth

If you still think this is interesting but you want to get involved partially or help just with one thing, please feel free to reach out.

About me:

My name is Alex Waltz, and I am a Bitcoiner.

I got into Bitcoin in 2012 while I was studying Computer Science.

Once I stumbled upon Bitcoin I immediately quit college and ever since then every waking second of my life has been about Bitcoin.

I have started quite a few projects, some had to do with mining, a few apps(that never took off).

For the last years, I’ve been doing a bit of OTC trading.

Bitcoin was the greatest thing I ever came across. It helped me find my nobility and showed me that I always was aristocratic by nature, but I did not know it.

I also play guitar for 14 years.

Things I often talk about:

• Bitcoin(from low-level signatures type stuff to the culture around it, not implying I know what I am talking about)
• How to make more Bitcoin
• Markets
• Meditation
• Hookers
• How do you make something the best
• Aesthetics
• Philosophy
• Products
• Meaning of things
• Business things

You can check out Bitcoin Reservations — the podcast I started a while ago.

Edit: Typos.

Looking for a (non-podcast)show co-host [any feedback much appreciated]

Hello

My name is Alex and I have a really hard time finding Bitcoin content that I enjoy. I mean don't get me wrong the quality of the content is great these days, but totally not entertaining.

So I want to start a daily Bitcoin show that I would enjoy and I need a co-host.

If you want to be a co-host or know anyone hit me up.

Contact: Twitter

Video advertisement

Premise:

Live show — between 2 people talking about what’s happening in Bitcoin or anything tangential and relevant to it. — verbal ping pong.

The dynamic between the hosts is key, so there needs to be an air of confidence until something is proven to be factually wrong and always be able to say I’m wrong.

There should be a possibility to intellectualize almost everything but also dumb down any concept or idea that comes across.

Fancy words are a plus but not a must. Sophistication doesn’t come with fancy words, it comes with a fancy mind.

I would want this to be a show where the topics vary from Schnorr signatures to archetypes, to getting your dick sucked, to Mempool dynamics.

This is a show NOT a podcast, meaning that it wants to be entertaining. There is not a need for high production quality but it needs to show effort.

I want people to watch the show for the hosts, not for the events presented in the show.

Format:

Around ~5 topics, usually referenced through a tweet, and the host discusses and comments on them.

When: M-F, but every day at the same time. The cohost doesn’t need to be present for every day

Length: ~ 1h.

Shows I like:

I was a huge fan of Bitcoin Uncensored back in the day so if there is any show I would want to mimic it would be this one.

Why did I like it?

• They could talk to anyone: Hookers, drug addicts, Nobel price winners
• They had good insights into how reality works(street smarts and book smarts)
• They would intellectualize things that no “intellectual” spent any time on, but at the same time make fart jokes about very serious and high-brow subjects.
• They could talk about anything with anyone anytime.

What I don’t like about other podcasts?

• Hosts having the enthusiasm of a teenage girl that just found out she’s pregnant
• Everyone is competing on who is the biggest fanboy
• Over intellectualization without any practicality
• Approaching Bitcoining as a checklist (Get the right guest, say the right things, read the right books, eat the right food, run a node, done)
• Lack of any artistic taste
• No one seems to be having fun.

Ideal host:

• Wants to do a podcast, doesn’t need to do a podcast.
• Intellectually confident, honest, and consistent
• Sense of humor
• Comfortable to talk about anything anytime

Responsibilities:

• Show up on the show, when you need to
• Always speak your mind
• Take care of the production with me
• Curate topics to talk about the next day

Instead of a mood board

Communication styles and ways of relating to reality I really like:

• Richard Feynman
• Jordan Peterson
• Chris Deros & Junseth
• Terrence McKenna
• Mitch Hedberg
• Howard Stern & Artie Lange
• Don Rickles
• Andrew Schulz
• Joey Coco Diaz
• Guy Richie
• Phil Lack
• Gary Vee
• Mathew McConaughey
• Ben Shapiro
• David Chow
• Quentin Tarantino
• Craig Ferguson
• Dave Portnoy
• David Lee Roth

If you still think this is interesting but you want to get involved partially or help just with one thing, please feel free to reach out.

About me:

My name is Alex Waltz, and I am a Bitcoiner.

I got into Bitcoin in 2012 while I was studying Computer Science.

Once I stumbled upon Bitcoin I immediately quit college and ever since then every waking second of my life has been about Bitcoin.

I have started quite a few projects, some had to do with mining, a few apps(that never took off).

For the last years, I’ve been doing a bit of OTC trading.

Bitcoin was the greatest thing I ever came across. It helped me find my nobility and showed me that I always was aristocratic by nature, but I did not know it.

I also play guitar for 14 years.

Things I often talk about:

• Bitcoin(from low-level signatures type stuff to the culture around it, not implying I know what I am talking about)
• How to make more Bitcoin
• Markets
• Meditation
• Hookers
• How do you make something the best
• Aesthetics
• Philosophy
• Products
• Meaning of things
• Business things

You can check out Bitcoin Reservations — the podcast I started a while ago.

Looking for a (non-podcast)show co-host [any feedback much appreciated]

Hello

My name is Alex and I have a really hard time finding Bitcoin content that I enjoy. I mean don't get me wrong the quality of the content is great these days, but totally not entertaining.

So I want to start a daily Bitcoin show that I would enjoy and I need a co-host.

If you want to be a co-host or know anyone hit me up.

Contact: Twitter

Video advertisement

Premise:

Live show — between 2 people talking about what’s happening in Bitcoin or anything tangential and relevant to it. — verbal ping pong.

The dynamic between the hosts is key, so there needs to be an air of confidence until something is proven to be factually wrong and always be able to say I’m wrong.

There should be a possibility to intellectualize almost everything but also dumb down any concept or idea that comes across.

Fancy words are a plus but not a must. Sophistication doesn’t come with fancy words, it comes with a fancy mind.

I would want this to be a show where the topics vary from Schnorr signatures to archetypes, to getting your dick sucked, to Mempool dynamics.

This is a show NOT a podcast, meaning that it wants to be entertaining. There is not a need for high production quality but it needs to show effort.

I want people to watch the show for the hosts, not for the events presented in the show.

Format:

Around ~5 topics, usually referenced through a tweet, and the host discusses and comments on them.

When: M-F, but every day at the same time. The cohost doesn’t need to be present for every day

Length: ~ 1h.

Shows I like:

I was a huge fan of Bitcoin Uncensored back in the day so if there is any show I would want to mimic it would be this one.

Why did I like it?

• They could talk to anyone: Hookers, drug addicts, Nobel price winners
• They had good insights into how reality works(street smarts and book smarts)
• They would intellectualize things that no “intellectual” spent any time on, but at the same time make fart jokes about very serious and high-brow subjects.
• They could talk about anything with anyone anytime.

What I don’t like about other podcasts?

• Hosts having the enthusiasm of a teenage girl that just found out she’s pregnant
• Everyone is competing on who is the biggest fanboy
• Over intellectualization without any practicality
• Approaching Bitcoining as a checklist (Get the right guest, say the right things, read the right books, eat the right food, run a node, done)
• Lack of any artistic taste
• No one seems to be having fun.

Ideal host:

• Wants to do a podcast, doesn’t need to do a podcast.
• Intellectually confident, honest, and consistent
• Sense of humor
• Comfortable to talk about anything anytime

Responsibilities:

• Show up on the show, when you need to
• Always speak your mind
• Take care of the production with me
• Curate topics to talk about the next day

Instead of a mood board

Communication styles and ways of relating to reality I really like:

• Richard Feynman
• Jordan Peterson
• Chris Deros & Junseth
• Terrence McKenna
• Mitch Hedberg
• Howard Stern & Artie Lange
• Don Rickles
• Andrew Schulz
• Joey Coco Diaz
• Guy Richie
• Phil Lack
• Gary Vee
• Mathew McConaughey
• Ben Shapiro
• David Chow
• Quentin Tarantino
• Craig Ferguson
• Dave Portnoy
• David Lee Roth

If you still think this is interesting but you want to get involved partially or help just with one thing, please feel free to reach out.

About me:

My name is Alex Waltz, and I am a Bitcoiner.

I got into Bitcoin in 2012 while I was studying Computer Science.

Once I stumbled upon Bitcoin I immediately quit college and ever since then every waking second of my life has been about Bitcoin.

I have started quite a few projects, some had to do with mining, a few apps(that never took off).

For the last years, I’ve been doing a bit of OTC trading.

Bitcoin was the greatest thing I ever came across. It helped me find my nobility and showed me that I always was aristocratic by nature, but I did not know it.

I also play guitar for 14 years.

Things I often talk about:

• Bitcoin(from low-level signatures type stuff to the culture around it, not implying I know what I am talking about)
• How to make more Bitcoin
• Markets
• Meditation
• Hookers
• How do you make something the best
• Aesthetics
• Philosophy
• Products
• Meaning of things
• Business things

You can check out Bitcoin Reservations — the podcast I started a while ago.

[Question] Looking for a (non-podcast)show co-host - any feedback much appreciated

Hello

My name is Alex and I have a really hard time finding Bitcoin content that I enjoy. I mean don't get me wrong the quality of the content is great these days, but totally not entertaining.

So I want to start a daily Bitcoin show that I would enjoy and I need a co-host.

If you want to be a co-host or know anyone hit me up.

Contact: Twitter

Video advertisement

Premise:

Live show — between 2 people talking about what’s happening in Bitcoin or anything tangential and relevant to it. — verbal ping pong.

The dynamic between the hosts is key, so there needs to be an air of confidence until something is proven to be factually wrong and always be able to say I’m wrong.

There should be a possibility to intellectualize almost everything but also dumb down any concept or idea that comes across.

Fancy words are a plus but not a must. Sophistication doesn’t come with fancy words, it comes with a fancy mind.

I would want this to be a show where the topics vary from Schnorr signatures to archetypes, to getting your dick sucked, to Mempool dynamics.

This is a show NOT a podcast, meaning that it wants to be entertaining. There is not a need for high production quality but it needs to show effort.

I want people to watch the show for the hosts, not for the events presented in the show.

Format:

Around ~5 topics, usually referenced through a tweet, and the host discusses and comments on them.

When: M-F, but every day at the same time. The cohost doesn’t need to be present for every day

Length: ~ 1h.

Shows I like:

I was a huge fan of Bitcoin Uncensored back in the day so if there is any show I would want to mimic it would be this one.

Why did I like it?

• They could talk to anyone: Hookers, drug addicts, Nobel price winners
• They had good insights into how reality works(street smarts and book smarts)
• They would intellectualize things that no “intellectual” spent any time on, but at the same time make fart jokes about very serious and high-brow subjects.
• They could talk about anything with anyone anytime.

What I don’t like about other podcasts?

• Hosts having the enthusiasm of a teenage girl that just found out she’s pregnant
• Everyone is competing on who is the biggest fanboy
• Over intellectualization without any practicality
• Approaching Bitcoining as a checklist (Get the right guest, say the right things, read the right books, eat the right food, run a node, done)
• Lack of any artistic taste
• No one seems to be having fun.

Ideal host:

• Wants to do a podcast, doesn’t need to do a podcast.
• Intellectually confident, honest, and consistent
• Sense of humor
• Comfortable to talk about anything anytime

Responsibilities:

• Show up on the show, when you need to
• Always speak your mind
• Take care of the production with me
• Curate topics to talk about the next day

Instead of a mood board

Communication styles and ways of relating to reality I really like:

• Richard Feynman
• Jordan Peterson
• Chris Deros & Junseth
• Terrence McKenna
• Mitch Hedberg
• Howard Stern & Artie Lange
• Don Rickles
• Andrew Schulz
• Joey Coco Diaz
• Guy Richie
• Phil Lack
• Gary Vee
• Mathew McConaughey
• Ben Shapiro
• David Chow
• Quentin Tarantino
• Craig Ferguson
• Dave Portnoy
• David Lee Roth

If you still think this is interesting but you want to get involved partially or help just with one thing, please feel free to reach out.

About me:

My name is Alex Waltz, and I am a Bitcoiner.

I got into Bitcoin in 2012 while I was studying Computer Science.

Once I stumbled upon Bitcoin I immediately quit college and ever since then every waking second of my life has been about Bitcoin.

I have started quite a few projects, some had to do with mining, a few apps(that never took off).

For the last years, I’ve been doing a bit of OTC trading.

Bitcoin was the greatest thing I ever came across. It helped me find my nobility and showed me that I always was aristocratic by nature, but I did not know it.

I also play guitar for 14 years.

Things I often talk about:

• Bitcoin(from low-level signatures type stuff to the culture around it, not implying I know what I am talking about)
• How to make more Bitcoin
• Markets
• Meditation
• Hookers
• How do you make something the best
• Aesthetics
• Philosophy
• Products
• Meaning of things
• Business things

You can check out Bitcoin Reservations — the podcast I started a while ago.