Deflation Part 1: The Deflationary Nature of Bitcoin Price

Bitcoin is going exponential!

If you omit the very well-known bubbles like MtGox, the recent China speculation bubble, and the speculation bubble that occurred earlier in 2016, there is a perfectly outlined exponential increase in the value of bitcoin.
When you juxtapose this with the ever-increasing inflation of all fiat currencies, the ever-increasing number of users of bitcoin, the ever-increasing number of companies that accept bitcoin for transactions, the ever-increasing population of the world, the ever-DECREASING supply of bitcoin (inherently deflationary through the exponential decay mining algorithm), and various other factors, there is pretty much NO WAY bitcoin can now decrease in value to any large extent for a long period. Reference coindesks market price chart, and look at it's all-time values. The bubbles are clear, as is the overall trend.
submitted by terr547 to Bitcoin [link] [comments]

CMV: BitCoin will never be the most widely used currency because of its inherently deflationary nature

I'll start off by saying all of my economic knowledge comes from some highschool courses and the internet, so I'm bound to get something wrong.
That being said, my actual argument:
Because the ammount of Bitcoins is limited to 21 million, these coins will increase in value as the world economy expands and some are lost.
If the value of a currency increases relative to goods and services, that is called deflation.
That sounds like it's not a big deal. And if you're an investor, it isn't. But if an economy relies on a currency that is undergoing deflation, that economy slows drasticly.
The reason: If you can increase the worth of your money just by sitting on it, many people will do so. Why go through the trouble and risk of investing it if you are guaranteed to make profit (in terms of value) by putting it under your mattress?
Without investments, the economy grinds to a halt. This is why most economists think that moderate inflation is more desireable than even small deflation, some going so far as to say that some ammount of inflation is healthy.
Most people of course already treat Bitcoin as an investment instead of a currency, as you can see by its wild swings in value.
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submitted by Prince_of_Savoy to changemyview [link] [comments]

Bitcoin inherently not deflationary?

I'm a big supporter of bitcoin; both philosophically and practically (lazygranite.com now accepts bitcoin).
Bitcoin seems nearly perfect to me except for what I see as its one flaw. I think a currency that is deflationary is a currency that taxes trade. I understand that many here would disagree with that notion, but it's a common and logical position. Because bitcoin is capped in mining it is inherently inflationary. Or is it?
As digital currency exchanges mature, trading between digital currencies will become more liquid. Today there are probably already over 200 digital currencies. Most if not all of them have a capped supply. But the creation of new digital currencies is not capped.
In practice what I'm suggesting is that whenever bitcoin mining becomes impossible, miners will cascade to another coin until that one becomes impossible. If new supply of each bitcoin and hypothetical altcoin2, altcoin3 is capped and trading between them is highly liquid, they become carriers for each others value.
When there are enough users and mining is capped, what will distinguish bitcoin from other capped coins? The only thing I can think of would be the number of merchants that accept bitcoin. But by then I imagine there will be 3rd party payment processors that will accept all digital currency and automatically trade it into bitcoin or usd for merchants.
Here is my question to the community -
If new digital currencies are constantly created and trading among them is highly liquid, do alt coins become a medium for bitcoin?
submitted by denversash to Bitcoin [link] [comments]

Underrated feature of Monero

Hi. I've been a Monero fan for years now and often when new people come into the community and compare Bitcoin to Monero, the most "controversial" topic is the fact that we don't have a hard cap on the supply.
Now, I know this has been explained a million times now that the tail emission is to ensure security of the network. While this is 100% true, I rarely see people mention another huge benefit of the tail emission: It makes the currency slightly inflationary, which encourages spending while not screwing over people that want to save.
While Bitcoin's "only 21 million coins will ever exist" feels kinda cool, in reality it discourages its use as a currency. Deflationary assets don't make sense as a substitution for cash, since an inherent quality of them is that they gain value over time, therefore, why would I spend my Bitcoins/gold, since I know they are going to gain in value?
How is Monero's inflation different from the fiat inflation we despise so much?
Well, Monero's inflation is fixed and more importantly, it's not controlled by any single entity. This inflation is used to reward miners for their work, which benefits everyone that uses the network. In contrast, fiat inflation is controlled by the government and spent as they seem fit, often not providing value for people who own fiat (hell, if they are corrupt enough like in some countries, they just pocket the money for themselves, effectively stealing from people).
Besides, Monero's inflation is considerably smaller than most fiat currencies, so HODLers only lose 0.08% or less annually, which is more than fair for the benefits that you get.
submitted by lol_VEVO to Monero [link] [comments]

Stakenet (XSN) - A DEX with interchain capabilities (BTC-ETH), Huge Potential [Full Writeup]

Preface
Full disclosure here; I am heavily invested in this. I have picked up some real gems from here and was only in the position to buy so much of this because of you guys so I thought it was time to give back. I only invest in Utility Coins. These are coins that actually DO something, and provide new/build upon the crypto infrastructure to work towards the end goal that Bitcoin itself set out to achieve(financial independence from the fiat banking system). This way, I avoid 99% of the scams in crypto that are functionless vapourware, and if you only invest in things that have strong fundamentals in the long term you are much more likely to make money.
Introduction
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply and privately.
Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralised exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralised exchanges like Mt. Gox.
The alternative? Decentralised Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leavesYOUR possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now are not providing cheap, private, quick trading on a decentralised medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transaction that are occurring over the Ethereum network, this has lead to congestion(too many transaction for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
https://streamable.com/kzpimj
'Once we have efficient, well designed DEX's on layer 2, there wont even be any DEX's on layer 1'
Progress
The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers conservative approach is wise.
As of now the only pairs tradeable on the DEX are XSN/BTC and LTC/BTC. The DEX has only just launched as a public beta and is not in its full public release stage yet. As development moves forward more lightning network and atomic swap compatible coins will be added to the DEX, and of course, the team are hard at work on Raiden Integration - this will allow ETH and tokens on the Ethereum blockchain to be traded on the DEX between separate blockchains(instantly, cheaply, privately) This is where Stakenet enters top 50 territory on CMC if successful and is the true value here. Raiden Integration is well underway is being tested in a closed public group on Linux.
The full public DEX with Raiden Integration is expected to release by the end of the year. Given the state of development so far and the rate of progress, this seems realistic.
Tokenomics
2.6 Metrics overview (from whitepaper)
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
Conclusion
We can clearly see that a layer 2 DEX is the future of crypto currency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I dont need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive it's trading fee's. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
At $30 million market cap, I cant see any other potential investment right now with this much potential upside.
This post has merely served as in introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, masternodes, TOR integration... for now, here is some additional reading. Resources
TLDR; No. Do you want to make money? I'd start with learning how to read.
submitted by hotprocession to CryptoMoonShots [link] [comments]

What the whales are doing with STA, spoiler alert, it's pretty damn bullish

So I've seen the rise, fall, and now stabilization of STA and decided to do some research. But why do I want to do research on a shitcoin? Because my hope is, it's not a shitcoin.
What you are doing with statera is buying a "stake" in SNX, Link, BTC, ETH, and STA through an index fund (balancer pool), if BTC moons then the index fund buys more SNX, Link, ETH, BTC, and STA, if STA moons the pool buys more SNX, Link, BTC, and ETH. If Link, ETH, SNX, and BTC all go up then the pool buys more STA forcing STA's price to go up. It's basically a way to gain exposure to all 5 assets simultaneously while balancing your risk. The interesting part is that STA is deflationary, it destroys itself with each transaction (we've already seen supply dwindle by 7 million STA), this reduces supply, increasing demand, increasing price. It's basically a leveraged index fund on BTC, ETH, Link, and SNX all projects I invest directly in and support. If we have a bull cycle STA will moon. (Disclaimer, there is no free lunch, if there is an error in the code or a back door, or if something goes awry with the balancer, this could go down in flames, they are currently auditing the code with a third party which will give us more assurance. It is also decentralized so there is less counter-party risk, as long as that decentralization holds, which the audit will help us understand. Other than a black swan catastrophic failure, this is an incredible investment on paper, if you think the other 4 assets will go up, because them going up forces the buying of STA by the balancer pool, which is basically an altruistic whale that wants STA to be less volatile while trending up in price).
There is a term in investing called accumulation phase, for us in crypto when someone like Grayscale buys 150% of all bitcoins being mined, or buys tens of millions in crypto every week, do you think they just put a market order into Coinbase Pro? No. They could do an Over The Counter (OTC) trade with an individual, they agree on a price, and a large purchase is made individual to individual (but I doubt they continue to find a bunch of bitcoin whales to give them the thousands of bitcoins they want). So what do you do? If you buy thousands of bitcoin the price will unnaturally go up as people spot your demand and inflate the order books to take your money then the price crashes once you, the biggest buyer, is out of the market, leaving you with a heavy bag. So you enter an accumulation phase, a simplified example:
Your target to buy a stock is $5-$10, you are happy buying at any price in that range. The price is at $8, so you put in a few orders and a few more 10 shares at a time so no one sees you as a whale, the prices starts going up, you have now purchased 1,000 shares and the price is $9.99, so you sell 800 shares all in one big order, everyone freaks out seeing this "huge" (huge in our example) order from presumably a whale who is spooked by market sentiment, price crashes to $6. You start buying again $20 at a time, and build your stack back up to 1,500 shares, the price has hit $8.99 and just to throw the market off (doing it again at $9.99 would be too obvious) you sell 1,000 shares. Rinse repeat. You have now bought 500 shares at the price you want where as, if you had bought 500 shares all at once, the price would have sky rocketed to $20 and then fell back to earth (say back down to $10) and you'd be holding shares at a 100% premium. This is highly simplified but hopefully gives you an idea of how accumulation works and maybe even makes you wonder if bitcoin is not going through this exact thing as we speak.
But on to Statera, so I decided to look at the whales in this space, you can check my work,go to the contract addressthen click on "holders" the list is constantly changing, addresses 10 and 11 leapfrogged address 9 and are now 9 and 10 respectively. I put the first four digits of the address so you can specifically check my work. I would say what I found is highly bullish (but make your own conjectures). First off the spread of addresses is HEALTHY, the biggest whales (top 50 address) all hold .5-2% of the supply each. The biggest holder (the developer) holds 4.6% of supply (the best I can tell you can mask your holdings and shuffle them all over so it's nearly impossible to really tell). Also there are only 1,700 people in the coin, we are still VERY early, this is more than a 50% increase in a week. Lastly the balancer pool (which balances the index) has over $350,000 in it up over 50% in the last week, this is arguably the most important metric, the liquidity here is what allows the balancing to happen and the STA price to be forced to go up, this is a huge amount of liquidity for something only held by 1,700 people, it's actually quadruple the liquidity of the trading pairs on Uniswap! Long story short the balancer pool is armed and ready to balance and support STA.
So there is no one holding 90% of supply (that we can tell) who is waiting to dump on you, we're in the early stages and seeing a lot of health in the token, and there is a lot of liquidity here. Now, the top 13 addresses:
1 (0x43) Dev Account started with all 101,000,000 then started pushing out to exchanges and balancer pool, sent 50 million right off the bat to 0x0e (balancer pool or uniswap) fun account to look at you kind of get to see the genesis of the coin.
2 (0x28) "Bought" a ton to start, hodler (weirdly sold a VERY small amount, around 10,000 of his over two million). I put bought in quotes because this account got it's STA from 0x6a, which is also where account 11 got it's from, 0x6a seems like an exchange account that people are buying from, but I would love for someone to confirm what 06xa is, balancer pool related, exchange related, developer related?)
3 (0x92) Hodler straight up, not a move, though the dump on this account came from another account that is now zero, could be a similar situation to address 6 where it is a "cold storage" for someone trading with other accounts
4 (0x13) PLAYING the exact game I showed above sell buy sell buy repeat (buys are bigger than sells)
5 (0xC2) Bought big, trickle sold, bought big, currently trickle selling (possibly PLAYING the game)
6 (0xD7) interesting one, bought 1.9 million STA for 1,354 digital Rand (What a deal!) then transferred all their STA from one account (0x67 currently no STA) to this account, now semi holding, small sells, sold 40,000 in all of 1.7 million. Not sure why he transferred could be intentional to mask moves, could be moving to hardware wallet, could be moving to exchange, unknown. Seems like a HODLER.
7 (0x7c) PLAYING THE EXACT GAME...
8 (0x0e) Contract (looks like balancer pool related)
9 (0x59) Contract (looks like balancer pool related)
10 (0xd8) PLAYING THE GAME
11 (0xb0) got a large dump from 0xc69 and is now holding (which now has 0) and if you keep tracing it back and back you get to the first account in the chain (0x6a, which also funded 0x28, which now has 615,000, and is either interacting with the balancer or trading, again please someone explain I can't), this could be a whale splitting his buckets or two large individuals who did an OTC trade, but more likely it's one person who is doing a lot of trading and accumulating. I would put PLAYING THE GAME, as the other accounts it came from are accumulating, but not completely clear. It seems like she may be using this as a "cold address" to hodl and then trading with her other account
12 (0x18db) Hodl. Accumulated hard from Uniswap buy buy buy 15, 12, and 6 days ago, hasn't moved since.
13 (0x6c) PLAYING THE GAME
So are we in a whale accumulation phase? Hard to tell, the top 10 addresses (minus 3 for the two contracts and dev) are definitely acting bullish even if they are not accumulating, it seems like 6 of the 10 are in some form of an accumulation phase and the other 4 are hodling. I do see STA as a long term hold, again it's an index fund on four of the biggest names in crypto. This will be a popular investment (if it remains legit, so far it has been highly legit). That being said, this is just 10 addresses, I don't want to spend my whole Saturday on this, if anyone wants to look at the top 50 addresses, please do! I will read and upvote your post. It was reassuring to me at least to see the top addresses are acting like bullish investors. Is the whole STA trader base in accumulation or is this an anomaly? I don't know, you can be the judge or dig deeper yourself.
The best part of this sideways action and the buying and selling of STA in the 4-6 cent range is that every trade burns coin, deflating supply, and making any later bull run even bigger. That's the genius of the coin, with every trade, with everyday, it inherently becomes more valuable (unless Link, ETH, SNX, and BTC all shit the bed, then game over, but that would be game over no matter what game you're playing).
DYOR, don't put in more than you are willing to lose, but as for me, I'm going to be following what the whales are doing and slowly accumulating in this band (4-6 cents seems like a strong buy point, 2-3 cents is an amazing buy point but it rarely dips down that low).
submitted by derelick to CryptoMoonShots [link] [comments]

What the whales are doing in STA

So I've seen the rise, fall, and now stabilization of STA and decided to do some research. But why do I want to do research on a shitcoin? Because my hope is, it's not a shitcoin.
What you are doing with statera is buying a "stake" in SNX, Link, BTC, ETH, and STA through an index fund (balancer pool), if BTC moons then the index fund buys more SNX, Link, ETH, BTC, and STA, if STA moons the pool buys more SNX, Link, BTC, and ETH. If Link, ETH, SNX, and BTC all go up then the pool buys more STA forcing STA's price to go up. It's basically a way to gain exposure to all 5 assets simultaneously while balancing your risk. The interesting part is that STA is deflationary, it destroys itself with each transaction (we've already seen supply dwindle by 7 million STA), this reduces supply, increasing demand, increasing price. It's basically a leveraged index fund on BTC, ETH, Link, and SNX all projects I invest directly in and support. If we have a bull cycle STA will moon. (Disclaimer, there is no free lunch, if there is an error in the code or a back door, or if something goes awry with the balancer, this could go down in flames, they are currently auditing the code with a third party which will give us more assurance. It is also decentralized so there is less counter-party risk, as long as that decentralization holds, which the audit will help us understand. Other than a black swan catastrophic failure, this is an incredible investment on paper, if you think the other 4 assets will go up, because them going up forces the buying of STA by the balancer pool, which is basically an altruistic whale that wants STA to be less volatile while trending up in price).
There is a term in investing called accumulation phase, for us in crypto when someone like Grayscale buys 150% of all bitcoins being mined, or buys tens of millions in crypto every week, do you think they just put a market order into Coinbase Pro? No. They could do an Over The Counter (OTC) trade with an individual, they agree on a price, and a large purchase is made individual to individual (but I doubt they continue to find a bunch of bitcoin whales to give them the thousands of bitcoins they want). So what do you do? If you buy thousands of bitcoin the price will unnaturally go up as people spot your demand and inflate the order books to take your money then the price crashes once you, the biggest buyer, is out of the market, leaving you with a heavy bag. So you enter an accumulation phase, a simplified example:
Your target to buy a stock is $5-$10, you are happy buying at any price in that range. The price is at $8, so you put in a few orders and a few more 10 shares at a time so no one sees you as a whale, the prices starts going up, you have now purchased 1,000 shares and the price is $9.99, so you sell 800 shares all in one big order, everyone freaks out seeing this "huge" (huge in our example) order from presumably a whale who is spooked by market sentiment, price crashes to $6. You start buying again $20 at a time, and build your stack back up to 1,500 shares, the price has hit $8.99 and just to throw the market off (doing it again at $9.99 would be too obvious) you sell 1,000 shares. Rinse repeat. You have now bought 500 shares at the price you want where as, if you had bought 500 shares all at once, the price would have sky rocketed to $20 and then fell back to earth (say back down to $10) and you'd be holding shares at a 100% premium. This is highly simplified but hopefully gives you an idea of how accumulation works and maybe even makes you wonder if bitcoin is not going through this exact thing as we speak.
But on to Statera, so I decided to look at the whales in this space, you can check my work, go to the contract address then click on "holders" the list is constantly changing, addresses 10 and 11 leapfrogged address 9 and are now 9 and 10 respectively. I put the first four digits of the address so you can specifically check my work. I would say what I found is highly bullish (but make your own conjectures). First off the spread of addresses is HEALTHY, the biggest whales (top 50 address) all hold .5-2% of the supply each. The biggest holder (the developer) holds 4.6% of supply (the best I can tell you can mask your holdings and shuffle them all over so it's nearly impossible to really tell). So there is no one holding 90% of supply (that we can tell) who is waiting to dump on you. Top 13 addresses:
1 (0x43) Dev Account started with all 101,000,000 then started pushing out to exchanges and balancer pool, sent 50 million right off the bat to 0x0e (balancer pool or uniswap) fun account to look at you kind of get to see the genesis of the coin.
2 (0x28) "Bought" a ton to start, hodler (weirdly sold a VERY small amount, around 10,000 of his over two million). I put bought in quotes because this account got it's STA from 0x6a, which is also where account 11 got it's from, 0x6a seems like an exchange account that people are buying from, but I would love for someone to confirm what 06xa is, balancer pool related, exchange related, developer related?)
3 (0x92) Hodler straight up, not a move
4 (0x13) PLAYING the exact game I showed above sell buy sell buy repeat (buys are bigger than sells)
5 (0xC2) Bought big, trickle sold, bought big, currently trickle selling (possibly PLAYING the game)
6 (0xD7) interesting one, bought 1.9 million STA for 1,354 digital Rand (What a deal!) then transferred all their STA from one account (0x67 currently no STA) to this account, now semi holding, small sells, sold 40,000 in all of 1.7 million. Not sure why he transferred could be intentional to mask moves, could be moving to hardware wallet, could be moving to exchange, unknown. Seems like a HODLER.
7 (0x7c) PLAYING THE EXAT GAME...
8 (0x0e) Contract (looks like balancer pool related)
9 (0x59) Contract (looks like balancer pool related)
10 (0xd8) PLAYING THE GAME
11 (0xb0) got a large dump from 0xc69 and is now holding (which now has 0) and if you keep tracing it back and back you get to the first account in the chain (0x6a, which also funded 0x28, which now has 615,000, and is either interacting with the balancer or trading, again please someone explain I can't), this could be a whale splitting his buckets or two large individuals who did an OTC trade, but more likely it's one person who is doing a lot of trading and accumulating. I would put PLAYING THE GAME, as the other accounts it came from are accumulating, but not completely clear. It seems like she may be using this as a "cold address" to hodl and then trading with her other account
12 (0x18db) Hodl. Accumulated hard from Uniswap buy buy buy 15, 12, and 6 days ago, hasn't moved since.
13 (0x6c) PLAYING THE GAME
So are we in a whale accumulation phase? Hard to tell, the top 10 addresses (minus 3 for the two contracts and dev) are definitely acting bullish even if they are not accumulating, it seems like 6 of the 10 are in some form of an accumulation phase and the other 4 are hodling. I do see STA as a long term hold, again it's an index fund on four of the biggest names in crypto. This will be a popular investment (if it remains legit, so far it has been highly legit). That being said, this is just 10 addresses, I don't want to spend my whole Saturday on this, if anyone wants to look at the top 50 addresses, please do! I will read and upvote your post. It was reassuring to me at least to see the top addresses are acting like bullish investors. Is the whole STA trader base in accumulation or is this an anomaly? I don't know, you can be the judge or dig deeper yourself.
The best part of this sideways action and the buying and selling of STA in the 4-6 cent range is that every trade burns coin, deflating supply, and making any later bull run even bigger. That's the genius of the coin, with every trade, with everyday, it inherently becomes more valuable (unless Link, ETH, SNX, and BTC all shit the bed, then game over, but that would be game over no matter what game you're playing).
DYOR, don't put in more than you are willing to lose, but as for me, I'm going to be following what the whales are doing and slowly accumulating in this band (4-6 cents seems like a strong buy point, 2-3 cents is an amazing buy point but it rarely dips down that low).
submitted by derelick to ethtrader [link] [comments]

Announcing r/Avalanche_, a positive, well-moderated, community-run subreddit for open and cordial discussion of Avalanche (AVAX), whose mainnet launches on September 21st.

Avalanche_ is the name of the cryptocurrency subreddit I have launched, to give the community of people learning about Avalanche and Avalanche Enthusiasts a place to discuss Avalanche free from toxicity and negativity.
This is an "unofficial" subreddit, in the context of Avalanche this means it is not owned or controlled by AvaLabs, which is the developing force behind the Avalanche project.
I am already up past 80 members in just a few days of social networking with my peers. I have also written an article about the subreddit, its purpose and origin, and my moderation strategies and philosophies, that you may read if you'd like. This article is posted in the subreddit.

What is Avalanche?

Avalanche is a cryptocurrency based on Team Rocket's whitepaper "From Snowflake to Avalanche" developed by AvaLabs, which is headed by the computer scientist Emin Gün Sirer, his cofounders, and a large global team of developers, community managers, and marketing evangelists.
Avalanche is named after the Avalanche Protocol, which is a specific and new consensus algorithm detailed in the original whitepaper. In my own words, I would describe it as a gossip/pandemic algorithm for a third-generation blockchain, utilizing multiple rounds of locally-random peer sampling, polling, and pre-state consensus. Essentially, this allows for a very fast and efficient consensus algorithm with mathematically sound properties. Proof of Stake is used as the underlying anti-sybil mechanism.
Some properties that you may find interesting:
1) Anyone can run a node. On your laptop, on your rasberry pie, it will all work with very minimum hardware requirements that basically all household computers meet.
2) Even if everyone runs these lightweight nodes, the Avalanche network has proven to process over 4500 tps. This is without high-grade hardware and also without sharding.
3) Transaction finality is under a second, with few exceptions that never take longer than about three seconds. By transaction finality i mean there is a practical 0% chance your transaction will be reversed, equal to that of around 6 bitcoin confirmations.
4) All validating nodes take part in the block-production process, and basically anyone can become a validator. There is no distinction (that I know of) between validating as a full node and validating as a block producer. Both are just validating and can influence the network.
5) The minimum amount of AVAX you need to validate is 2000, but this is parameterized, which means that the validators periodically are able to vote onchain to incrementally change it. There are other parameterized constants including the expensiveness of transaction fees.
Avalanche (AVAX) is also a robust and versatile smart contract chain that is fully equipped with it own virtual machine as well as the Ethereum Virtual Machine. All Ethereum applications can be ported over to Avalanche with no developer downtime.
Avalanche (AVAX) also has this unique and interesting property of inherent cross-chain same-asset atomic swaps, allowing for the creation of subnetworks with custom virtual machines, custom economics, custom anti-sybil mechanisms, basically the full scope of a custom blockchain utilizing the Avalanche consensus engine, fully interoperable with Avalanche's default chains. You can launch a subnetwork that still uses the Avalanche token, or you can launch one with its own token, really the possibilities are super open-ended.
Avalanche (AVAX) also has this interesting architecture of being kind of like a hybrid between a blockchain and a DAG. This one is hard for me to explain, so I will explain what I do understand. Avalanche actually is made of three default blockchains/networks, all synergistically working together and supporting the same native AVAX token:
Finally, a characteristic of AVAX that I absolutely love is how deflationary it is. Its the most deflationary cryptocurrency I have ever heard of. It has a maximum supply cap like Bitcoin (720M is max), all fees are burned like in Ethereum's EIP-1559, and there is incentivized staking that is open to basically everybody. I say the staking is incentivized, because you need to stake and validate in order to run a subnetwork, which can offer rewards (or be a business goal).

What is Avalanche_?

Avalanche_ is the cryptocurrency subreddit I am launching which allows for clean and open discussion of Avalanche as well as other cryptocurrencies. This subreddit focuses primarily on offering a moderated space to discuss Avalanche, where personal attacks are not allowed. Freedom of belief in opinion is protected, but anything that hurts people or is damaging to the culture of openness and positivity is prohibited and moderated. 99% of all moderation is performed by the moderator, and the other 1% is done by me and anyone else who may later be added to the team.
If you are wondering "Okay but why you?" I cannot give an adequate response besides "Because I care". I would point out that out of the 3000+ people participating in "Avalanche Hub" (which is AvaLabs' official incentivized community participation and marketing platform) i am #5 in terms of influence and my community contributions, but I suppose this is a bit anecdotal. I have written many articles in support of AVAX though, and this is a bit more material. I may share them below.
I have gotten a bit sophisticated with the automoderator tool, and I have done this because I want to protect noobs from toxicity and fighting. Essentially what I have done is 5 things, and together its created a toxicity neutralizing mechanism thats held up so far:
1) An initial vetting process that requires all accounts to have positive comment karma and be a week old, have 50 post karma, or 25 comment karma. This is a relaxed anti-spam measure. Currently parts of this are turned off, but they will be re-enabled in a few days. I did not make this measure too stringent because I want it to be easy for noobs to join and participate.
2) A well researched and extensive blacklist of indisputably toxic words, phrases, and domains that trigger instant removal.
3) A well researched and extensive greylist of fairly toxic words, phrases, and domains that trigger removal if the poster lacks a certain amount of post karma, comment karma, age, or goes reported.
4) A hierarchical and tiered report threshold where non-greylisted comments get removed on X number of reports, based on both post karma and comment karma. The lesser of these two make the weakest link.
5) An anti-doxxing protection algorithm which protects against credit cards, phone numbers, emails, and more from being doxxed. I myself have not created this, but I have been modifying it to fit the group.
I probably will not have to do much of any manual moderation aside from updating automoderator to keep it up to date with the lingo of people with bad intentions. However I am on Reddit everyday and I will be here to protect people from community attackers if its ever needed.
It is my belief that culture is absolutely crucial to the health of a project, and for this reason I am using both automated moderation and community moderation to curtail outsider attacks and infighting alike. As soon as the subreddit becomes a bit more active, it will make it easier for me to ask around the community for moderators.

Welcome to Avalanche

All are welcome in the Avalanche community. All I ask is that you don't intentionally and maliciously try to make others feel unwelcome. Avalanche is a global, decentralized, cryptocurrency and open source software for all to build on and utilize.
I am not a gatekeeper, but a mere member of the community which seeks to provide a positive and friendly platform for redditors to social network on. Links to relevant and official Avalanche community resources are in the "About" section of Avalanche_.
I hope to see many of you there! Let's change the world with this new, globally-scalable, deflationary, interoperable technology.
Build The Internet of Finance.
submitted by Jstodd_ to CryptoCurrencies [link] [comments]

THE RIGHT TO ENCRYPTION

TREATY ON THE RIGHT OF DIGITAL INTEGRITY By Mario Rocha, April 2020.
Any type of society belonging to a democratic state of law, whose interactions have spread in a digitally open society, will inherently be expanding the sphere and legal personality of each and every one of its members. Therefore, the right to the protection of digital integrity, together with the rights to physical and emotional integrity, is part of the human rights, fundamental and individual guarantees, of the human being.
The right to the digital integrity of the human being, makes it possible to claim the rights to privacy in informative self-determination, autonomy and freedom of choice. The right to digital integrity becomes a general justification for all data protection principles and rules, changing the purpose and legal interpretations to the protection of the digital individual, rather than just protecting data.
Guaranteeing the protection of the right to digital privacy is only possible through freedom of use and the exercise of the act of encrypting. Exercising the right to encrypt is the only act that guarantees us digital enjoyment of both the rights of privacy and the rights of freedom of expression; since in the act of encrypting we confer privacy on free expression. Privacy gives us the power to selectively reveal ourselves to the entire world, thereby guaranteeing our identity in any type of publication, communication, exchange and transaction. These fundamental rights are not negotiable, they do not admit weighting between them or against others. They are fundamental to freedom in a digitally open society.
The power of these rights is only conferred to those who defend them, through their practice and use, in accordance with a contract of social adherence, open to the entire world and for a digital society that knows no borders or delimitations, so a state finds no use; where the transfer of property and value only involves the beneficiaries, so no institution or trusted intermediaries are necessary; where chaos is actively regulated by each and every one of its members, so any type of government finds no purpose.
This social and economic revolution is inherent in a permanently digital society, and integrates its followers in an individual, free, secret act of common interest in the action of encryption. Guaranteeing digital integrity by permanently exercising the right to encrypt all digital interaction, extinguishes all digital types of: slavery, violence, repression, coercion, persecution, discrimination and xenophobia; therefore, the enjoyment of digital integrity and your digital rights are guaranteed to: Wealth, Security, Privacy, Equality, Suffrage, Freedom of expression and Freedom of communication.
Just as states guarantee their right to privacy, freedom, autonomy and existence through governmental and institutional control of their currency, in the same way a digitally open, free and autonomous society has the right to guarantee their autarchy, autonomy and existence, through a digital economy based on intellectual resources inherent to the digital society itself, all these resources, such as their equivalence, representation and exchange, must be through a HARD CRYPTOCURRENCY coin.
A HARD CRYPTOCURRENCY must be decentralized to the states, governments, institutions and individuals; Be useful without the need for trusted intermediaries; Be autonomous in its emission and destruction; Be deflationary through finite quantitative tightening; Be from public records and verifications; And be completely irreversible in your transactions and proof of double spending.
The active coexistence of both currencies does not threaten their own stocks, since in their issues, contents, forms and profits, they find different purposes. While a FIAT currency will always be necessary to continue with the social contract between the states and their citizens, a HARD CRYPTOCURRENCY will always be necessary to establish and continue the social contract between digital individuals.
For a digital economy of intellectual resources to be incorruptible and guarantee its continuity and existence in freedom, autarky and autonomy; It will not admit, nor will it recognize in any way, any type of financial instruments related to options, parity, collaterals, titles, bonds, futures, synthetics and derivatives; Nor does it admit or recognize in any way, any type of financial mechanism related to the policies of fractional reserve banking, expansion of deposits and leverage. In this way it is guaranteed that the creation and generation of new and own wealth will only be alone and through effort and work, applied to time, the latter being the most valuable asset in the entire world.
The digital integrity in all its forms and all its contents, must guarantee the security of the encryption, normalizing that all types of encryption must be from HARD CRYPTOGRAPHY, it must be composed and integrated, by data authentication only by the beneficiary and through the use of end-to-end encryption multilayers, with asymmetric elliptic curve cryptography or higher. Digital integrity in all its forms and content, must guarantee freedom, equality, privacy and security, in the access and use of individuals to the HARD CRYPTOGRAPHY, normalizing that the beneficiary is the only one who has access and the right to the creation, administration and custody of your own public and private keys and their derivations.
Digital integrity in forms and content of digital privacy, must guarantee equality, privacy and security, in the protection of digital data, normalizing that all programming codes and data transfer protocols, enable communications, exchanges, transactions, own records and digital identities; are carried out with HARD CRYPTOGRAPHY.
The digital integrity in forms and contents of digital communications, must guarantee the equality, security and privacy of internet users, normalizing that all kinds of internet connections made through the OS, APPS and BROWSERS, are made alone and through the TOR network or through VPNs with HARD CRYPTOGRAPHY.
The digital integrity in forms and content of data protection, must guarantee the equality, privacy and security of legal persons, normalizing that all kinds of interactions and digital exchanges, messaging, communications and streaming, are carried out alone and through networks P2P with hard encryption. In the same way, normalizing the sending and receiving of e-mails using digital signatures and encryption with HARD CRYPTOGRAPHY or PGP.
The digital integrity in forms and contents of the digital consumer, must guarantee the security, equality and privacy of software consumers, normalizing that the public offer of any type of APPS and OS, is conditioned to the publication of all the integral programming code from the APPS and OS, in any public repository of OPEN SOURCE and FREE SOFTWARE.
The digital integrity in forms and digital mercantile content, must guarantee the equality, security and privacy of digital transactions, normalizing that all types of transmission of value and digital property are made possible through a HARD CRYPTOCURRENCY or BITCOIN; And establish all kinds of contractual relationships, agreements, files and registration, alone and through the SMART CONTRACT in BLOCKCHAIN.
The digital integrity in digital author forms and contents, must guarantee the equality and security of the digital author registers, normalizing that all kinds of intellectual resources are made possible to be published, registered and licensed, under the desired concepts of FREE CONTENT, OPEN CONTENT, COPYLEFT, CREATIVE COMMONS and GNU in GPL AND GFDL.
Both the democratic states of law, which do not include in their legal framework, the fundamental rights to the protection of digital integrity; As individuals, they do not permanently exercise their right to encrypt. They will abandon each and every one of the members who extend their interactions to a digitally open society, to be permanently classified, guarded, controlled, manipulated, monetized and commercialized, by any type of: states, governments, authorities, corporations and legal persons; through their own devices, communications, applications, searches, publications, consumption, registration accounts and any type of health records and digital identity.
submitted by pimpoloo to Bitcoin [link] [comments]

Where is Bitcoin Going and When?

Where is Bitcoin Going and When?

The Federal Reserve and the United States government are pumping extreme amounts of money into the economy, already totaling over $484 billion. They are doing so because it already had a goal to inflate the United States Dollar (USD) so that the market can continue to all-time highs. It has always had this goal. They do not care how much inflation goes up by now as we are going into a depression with the potential to totally crash the US economy forever. They believe the only way to save the market from going to zero or negative values is to inflate it so much that it cannot possibly crash that low. Even if the market does not dip that low, inflation serves the interest of powerful people.
The impending crash of the stock market has ramifications for Bitcoin, as, though there is no direct ongoing-correlation between the two, major movements in traditional markets will necessarily affect Bitcoin. According to the Blockchain Center’s Cryptocurrency Correlation Tool, Bitcoin is not correlated with the stock market. However, when major market movements occur, they send ripples throughout the financial ecosystem which necessary affect even ordinarily uncorrelated assets.
Therefore, Bitcoin will reach X price on X date after crashing to a price of X by X date.

Stock Market Crash

The Federal Reserve has caused some serious consternation with their release of ridiculous amounts of money in an attempt to buoy the economy. At face value, it does not seem to have any rationale or logic behind it other than keeping the economy afloat long enough for individuals to profit financially and politically. However, there is an underlying basis to what is going on which is important to understand in order to profit financially.
All markets are functionally price probing systems. They constantly undergo a price-discovery process. In a fiat system, money is an illusory and a fundamentally synthetic instrument with no intrinsic value – similar to Bitcoin. The primary difference between Bitcoin is the underlying technology which provides a slew of benefits that fiat does not. Fiat, however, has an advantage in being able to have the support of powerful nation-states which can use their might to insure the currency’s prosperity.
Traditional stock markets are composed of indices (pl. of index). Indices are non-trading market instruments which are essentially summaries of business values which comprise them. They are continuously recalculated throughout a trading day, and sometimes reflected through tradable instruments such as Exchange Traded Funds or Futures. Indices are weighted by market capitalizations of various businesses.
Price theory essentially states that when a market fails to take out a new low in a given range, it will have an objective to take out the high. When a market fails to take out a new high, it has an objective to make a new low. This is why price-time charts go up and down, as it does this on a second-by-second, minute-by-minute, day-by-day, and even century-by-century basis. Therefore, market indices will always return to some type of bull market as, once a true low is formed, the market will have a price objective to take out a new high outside of its’ given range – which is an all-time high. Instruments can only functionally fall to zero, whereas they can grow infinitely.
So, why inflate the economy so much?
Deflation is disastrous for central banks and markets as it raises the possibility of producing an overall price objective of zero or negative values. Therefore, under a fractional reserve system with a fiat currency managed by a central bank – the goal of the central bank is to depreciate the currency. The dollar is manipulated constantly with the intention of depreciating its’ value.
Central banks have a goal of continued inflated fiat values. They tend to ordinarily contain it at less than ten percent (10%) per annum in order for the psyche of the general populace to slowly adjust price increases. As such, the markets are divorced from any other logic. Economic policy is the maintenance of human egos, not catering to fundamental analysis. Gross Domestic Product (GDP) growth is well-known not to be a measure of actual growth or output. It is a measure of increase in dollars processed. Banks seek to produce raising numbers which make society feel like it is growing economically, making people optimistic. To do so, the currency is inflated, though inflation itself does not actually increase growth. When society is optimistic, it spends and engages in business – resulting in actual growth. It also encourages people to take on credit and debts, creating more fictional fiat.
Inflation is necessary for markets to continue to reach new heights, generating positive emotional responses from the populace, encouraging spending, encouraging debt intake, further inflating the currency, and increasing the sale of government bonds. The fiat system only survives by generating more imaginary money on a regular basis.
Bitcoin investors may profit from this by realizing that stock investors as a whole always stand to profit from the market so long as it is managed by a central bank and does not collapse entirely. If those elements are filled, it has an unending price objective to raise to new heights. It also allows us to realize that this response indicates that the higher-ups believe that the economy could crash in entirety, and it may be wise for investors to have multiple well-thought-out exit strategies.

Economic Analysis of Bitcoin

The reason why the Fed is so aggressively inflating the economy is due to fears that it will collapse forever or never rebound. As such, coupled with a global depression, a huge demand will appear for a reserve currency which is fundamentally different than the previous system. Bitcoin, though a currency or asset, is also a market. It also undergoes a constant price-probing process. Unlike traditional markets, Bitcoin has the exact opposite goal. Bitcoin seeks to appreciate in value and not depreciate. This has a quite different affect in that Bitcoin could potentially become worthless and have a price objective of zero.
Bitcoin was created in 2008 by a now famous mysterious figure known as Satoshi Nakamoto and its’ open source code was released in 2009. It was the first decentralized cryptocurrency to utilize a novel protocol known as the blockchain. Up to one megabyte of data may be sent with each transaction. It is decentralized, anonymous, transparent, easy to set-up, and provides myriad other benefits. Bitcoin is not backed up by anything other than its’ own technology.
Bitcoin is can never be expected to collapse as a framework, even were it to become worthless. The stock market has the potential to collapse in entirety, whereas, as long as the internet exists, Bitcoin will be a functional system with a self-authenticating framework. That capacity to persist regardless of the actual price of Bitcoin and the deflationary nature of Bitcoin means that it has something which fiat does not – inherent value.
Bitcoin is based on a distributed database known as the “blockchain.” Blockchains are essentially decentralized virtual ledger books, replete with pages known as “blocks.” Each page in a ledger is composed of paragraph entries, which are the actual transactions in the block.
Blockchains store information in the form of numerical transactions, which are just numbers. We can consider these numbers digital assets, such as Bitcoin. The data in a blockchain is immutable and recorded only by consensus-based algorithms. Bitcoin is cryptographic and all transactions are direct, without intermediary, peer-to-peer.
Bitcoin does not require trust in a central bank. It requires trust on the technology behind it, which is open-source and may be evaluated by anyone at any time. Furthermore, it is impossible to manipulate as doing so would require all of the nodes in the network to be hacked at once – unlike the stock market which is manipulated by the government and “Market Makers”. Bitcoin is also private in that, though the ledge is openly distributed, it is encrypted. Bitcoin’s blockchain has one of the greatest redundancy and information disaster recovery systems ever developed.
Bitcoin has a distributed governance model in that it is controlled by its’ users. There is no need to trust a payment processor or bank, or even to pay fees to such entities. There are also no third-party fees for transaction processing. As the ledge is immutable and transparent it is never possible to change it – the data on the blockchain is permanent. The system is not easily susceptible to attacks as it is widely distributed. Furthermore, as users of Bitcoin have their private keys assigned to their transactions, they are virtually impossible to fake. No lengthy verification, reconciliation, nor clearing process exists with Bitcoin.
Bitcoin is based on a proof-of-work algorithm. Every transaction on the network has an associated mathetical “puzzle”. Computers known as miners compete to solve the complex cryptographic hash algorithm that comprises that puzzle. The solution is proof that the miner engaged in sufficient work. The puzzle is known as a nonce, a number used only once. There is only one major nonce at a time and it issues 12.5 Bitcoin. Once it is solved, the fact that the nonce has been solved is made public.
A block is mined on average of once every ten minutes. However, the blockchain checks every 2,016,000 minutes (approximately four years) if 201,600 blocks were mined. If it was faster, it increases difficulty by half, thereby deflating Bitcoin. If it was slower, it decreases, thereby inflating Bitcoin. It will continue to do this until zero Bitcoin are issued, projected at the year 2140. On the twelfth of May, 2020, the blockchain will halve the amount of Bitcoin issued when each nonce is guessed. When Bitcoin was first created, fifty were issued per block as a reward to miners. 6.25 BTC will be issued from that point on once each nonce is solved.
Unlike fiat, Bitcoin is a deflationary currency. As BTC becomes scarcer, demand for it will increase, also raising the price. In this, BTC is similar to gold. It is predictable in its’ output, unlike the USD, as it is based on a programmed supply. We can predict BTC’s deflation and inflation almost exactly, if not exactly. Only 21 million BTC will ever be produced, unless the entire network concedes to change the protocol – which is highly unlikely.
Some of the drawbacks to BTC include congestion. At peak congestion, it may take an entire day to process a Bitcoin transaction as only three to five transactions may be processed per second. Receiving priority on a payment may cost up to the equivalent of twenty dollars ($20). Bitcoin mining consumes enough energy in one day to power a single-family home for an entire week.

Trading or Investing?

The fundamental divide in trading revolves around the question of market structure. Many feel that the market operates totally randomly and its’ behavior cannot be predicted. For the purposes of this article, we will assume that the market has a structure, but that that structure is not perfect. That market structure naturally generates chart patterns as the market records prices in time. In order to determine when the stock market will crash, causing a major decline in BTC price, we will analyze an instrument, an exchange traded fund, which represents an index, as opposed to a particular stock. The price patterns of the various stocks in an index are effectively smoothed out. In doing so, a more technical picture arises. Perhaps the most popular of these is the SPDR S&P Standard and Poor 500 Exchange Traded Fund ($SPY).
In trading, little to no concern is given about value of underlying asset. We are concerned primarily about liquidity and trading ranges, which are the amount of value fluctuating on a short-term basis, as measured by volatility-implied trading ranges. Fundamental analysis plays a role, however markets often do not react to real-world factors in a logical fashion. Therefore, fundamental analysis is more appropriate for long-term investing.
The fundamental derivatives of a chart are time (x-axis) and price (y-axis). The primary technical indicator is price, as everything else is lagging in the past. Price represents current asking price and incorrectly implementing positions based on price is one of the biggest trading errors.
Markets and currencies ordinarily have noise, their tendency to back-and-fill, which must be filtered out for true pattern recognition. That noise does have a utility, however, in allowing traders second chances to enter favorable positions at slightly less favorable entry points. When you have any market with enough liquidity for historical data to record a pattern, then a structure can be divined. The market probes prices as part of an ongoing price-discovery process. Market technicians must sometimes look outside of the technical realm and use visual inspection to ascertain the relevance of certain patterns, using a qualitative eye that recognizes the underlying quantitative nature
Markets and instruments rise slower than they correct, however they rise much more than they fall. In the same vein, instruments can only fall to having no worth, whereas they could theoretically grow infinitely and have continued to grow over time. Money in a fiat system is illusory. It is a fundamentally synthetic instrument which has no intrinsic value. Hence, the recent seemingly illogical fluctuations in the market.
According to trade theory, the unending purpose of a market or instrument is to create and break price ranges according to the laws of supply and demand. We must determine when to trade based on each market inflection point as defined in price and in time as opposed to abandoning the trend (as the contrarian trading in this sub often does). Time and Price symmetry must be used to be in accordance with the trend. When coupled with a favorable risk to reward ratio, the ability to stay in the market for most of the defined time period, and adherence to risk management rules; the trader has a solid methodology for achieving considerable gains.
We will engage in a longer term market-oriented analysis to avoid any time-focused pressure. The Bitcoin market is open twenty-four-hours a day, so trading may be done when the individual is ready, without any pressing need to be constantly alert. Let alone, we can safely project months in advance with relatively high accuracy. Bitcoin is an asset which an individual can both trade and invest, however this article will be focused on trading due to the wide volatility in BTC prices over the short-term.

Technical Indicator Analysis of Bitcoin

Technical indicators are often considered self-fulfilling prophecies due to mass-market psychology gravitating towards certain common numbers yielded from them. They are also often discounted when it comes to BTC. That means a trader must be especially aware of these numbers as they can prognosticate market movements. Often, they are meaningless in the larger picture of things.
  • Volume – derived from the market itself, it is mostly irrelevant. The major problem with volume for stocks is that the US market open causes tremendous volume surges eradicating any intrinsic volume analysis. This does not occur with BTC, as it is open twenty-four-seven. At major highs and lows, the market is typically anemic. Most traders are not active at terminal discretes (peaks and troughs) because of levels of fear. Volume allows us confidence in time and price symmetry market inflection points, if we observe low volume at a foretold range of values. We can rationalize that an absolute discrete is usually only discovered and anticipated by very few traders. As the general market realizes it, a herd mentality will push the market in the direction favorable to defending it. Volume is also useful for swing trading, as chances for swing’s validity increases if an increase in volume is seen on and after the swing’s activation. Volume is steadily decreasing. Lows and highs are reached when volume is lower.
Therefore, due to the relatively high volume on the 12th of March, we can safely determine that a low for BTC was not reached.
  • VIX – Volatility Index, this technical indicator indicates level of fear by the amount of options-based “insurance” in portfolios. A low VIX environment, less than 20 for the S&P index, indicates a stable market with a possible uptrend. A high VIX, over 20, indicates a possible downtrend. VIX is essentially useless for BTC as BTC-based options do not exist. It allows us to predict the market low for $SPY, which will have an indirect impact on BTC in the short term, likely leading to the yearly low. However, it is equally important to see how VIX is changing over time, if it is decreasing or increasing, as that indicates increasing or decreasing fear. Low volatility allows high leverage without risk or rest. Occasionally, markets do rise with high VIX.
As VIX is unusually high, in the forties, we can be confident that a downtrend for the S&P 500 is imminent.
  • RSI (Relative Strength Index): The most important technical indicator, useful for determining highs and lows when time symmetry is not availing itself. Sometimes analysis of RSI can conflict in different time frames, easiest way to use it is when it is at extremes – either under 30 or over 70. Extremes can be used for filtering highs or lows based on time-and-price window calculations. Highly instructive as to major corrective clues and indicative of continued directional movement. Must determine if longer-term RSI values find support at same values as before. It is currently at 73.56.
  • Secondly, RSI may be used as a high or low filter, to observe the level that short-term RSI reaches in counter-trend corrections. Repetitions based on market movements based on RSI determine how long a trade should be held onto. Once a short term RSI reaches an extreme and stay there, the other RSI’s should gradually reach the same extremes. Once all RSI’s are at extreme highs, a trend confirmation should occur and RSI’s should drop to their midpoint.

Trend Definition Analysis of Bitcoin

Trend definition is highly powerful, cannot be understated. Knowledge of trend logic is enough to be a profitable trader, yet defining a trend is an arduous process. Multiple trends coexist across multiple time frames and across multiple market sectors. Like time structure, it makes the underlying price of the instrument irrelevant. Trend definitions cannot determine the validity of newly formed discretes. Trend becomes apparent when trades based in counter-trend inflection points continue to fail.
Downtrends are defined as an instrument making lower lows and lower highs that are recurrent, additive, qualified swing setups. Downtrends for all instruments are similar, except forex. They are fast and complete much quicker than uptrends. An average downtrend is 18 months, something which we will return to. An uptrend inception occurs when an instrument reaches a point where it fails to make a new low, then that low will be tested. After that, the instrument will either have a deep range retracement or it may take out the low slightly, resulting in a double-bottom. A swing must eventually form.
A simple way to roughly determine trend is to attempt to draw a line from three tops going upwards (uptrend) or a line from three bottoms going downwards (downtrend). It is not possible to correctly draw a downtrend line on the BTC chart, but it is possible to correctly draw an uptrend – indicating that the overall trend is downwards. The only mitigating factor is the impending stock market crash.

Time Symmetry Analysis of Bitcoin

Time is the movement from the past through the present into the future. It is a measurement in quantified intervals. In many ways, our perception of it is a human construct. It is more powerful than price as time may be utilized for a trade regardless of the market inflection point’s price. Were it possible to perfectly understand time, price would be totally irrelevant due to the predictive certainty time affords. Time structure is easier to learn than price, but much more difficult to apply with any accuracy. It is the hardest aspect of trading to learn, but also the most rewarding.
Humans do not have the ability to recognize every time window, however the ability to define market inflection points in terms of time is the single most powerful trading edge. Regardless, price should not be abandoned for time alone. Time structure analysis It is inherently flawed, as such the markets have a fail-safe, which is Price Structure. Even though Time is much more powerful, Price Structure should never be completely ignored. Time is the qualifier for Price and vice versa. Time can fail by tricking traders into counter-trend trading.
Time is a predestined trade quantifier, a filter to slow trades down, as it allows a trader to specifically focus on specific time windows and rest at others. It allows for quantitative measurements to reach deterministic values and is the primary qualifier for trends. Time structure should be utilized before price structure, and it is the primary trade criterion which requires support from price. We can see price structure on a chart, as areas of mathematical support or resistance, but we cannot see time structure.
Time may be used to tell us an exact point in the future where the market will inflect, after Price Theory has been fulfilled. In the present, price objectives based on price theory added to possible future times for market inflection points give us the exact time of market inflection points and price.
Time Structure is repetitions of time or inherent cycles of time, occurring in a methodical way to provide time windows which may be utilized for inflection points. They are not easily recognized and not easily defined by a price chart as measuring and observing time is very exact. Time structure is not a science, yet it does require precise measurements. Nothing is certain or definite. The critical question must be if a particular approach to time structure is currently lucrative or not.
We will measure it in intervals of 180 bars. Our goal is to determine time windows, when the market will react and when we should pay the most attention. By using time repetitions, the fact that market inflection points occurred at some point in the past and should, therefore, reoccur at some point in the future, we should obtain confidence as to when SPY will reach a market inflection point. Time repetitions are essentially the market’s memory. However, simply measuring the time between two points then trying to extrapolate into the future does not work. Measuring time is not the same as defining time repetitions. We will evaluate past sessions for market inflection points, whether discretes, qualified swings, or intra-range. Then records the times that the market has made highs or lows in a comparable time period to the future one seeks to trade in.
What follows is a time Histogram – A grouping of times which appear close together, then segregated based on that closeness. Time is aligned into combined histogram of repetitions and cycles, however cycles are irrelevant on a daily basis. If trading on an hourly basis, do not use hours.
  • Yearly Lows (last seven years): 1/1/13, 4/10/14, 1/15/15, 1/17/16, 1/1/17, 12/15/18, 2/6/19
  • Monthly Mode: 1, 1, 1, 1, 2, 4, 12
  • Daily Mode: 1, 1, 6, 10, 15, 15, 17
  • Monthly Lows (for the last year): 3/12/20 (10:00pm), 2/28/20 (7:09am), 1/2/20 (8:09pm), 12/18/19 (8:00am), 11/25/19 (1:00am), 10/24/19 (2:59am), 9/30/19 (2:59am), 8/29,19 (4:00am), 7/17/19 (7:59am), 6/4/19 (5:59pm), 5/1/19 (12:00am), 4/1/19 (12:00am)
  • Daily Lows Mode for those Months: 1, 1, 2, 4, 12, 17, 18, 24, 25, 28, 29, 30
  • Hourly Lows Mode for those Months (Military time): 0100, 0200, 0200, 0400, 0700, 0700, 0800, 1200, 1200, 1700, 2000, 2200
  • Minute Lows Mode for those Months: 00, 00, 00, 00, 00, 00, 09, 09, 59, 59, 59, 59
  • Day of the Week Lows (last twenty-six weeks):
Weighted Times are repetitions which appears multiple times within the same list, observed and accentuated once divided into relevant sections of the histogram. They are important in the presently defined trading time period and are similar to a mathematical mode with respect to a series. Phased times are essentially periodical patterns in histograms, though they do not guarantee inflection points
Evaluating the yearly lows, we see that BTC tends to have its lows primarily at the beginning of every year, with a possibility of it being at the end of the year. Following the same methodology, we get the middle of the month as the likeliest day. However, evaluating the monthly lows for the past year, the beginning and end of the month are more likely for lows.
Therefore, we have two primary dates from our histogram.
1/1/21, 1/15/21, and 1/29/21
2:00am, 8:00am, 12:00pm, or 10:00pm
In fact, the high for this year was February the 14th, only thirty days off from our histogram calculations.
The 8.6-Year Armstrong-Princeton Global Economic Confidence model states that 2.15 year intervals occur between corrections, relevant highs and lows. 2.15 years from the all-time peak discrete is February 9, 2020 – a reasonably accurate depiction of the low for this year (which was on 3/12/20). (Taking only the Armstrong model into account, the next high should be Saturday, April 23, 2022). Therefore, the Armstrong model indicates that we have actually bottomed out for the year!
Bear markets cannot exist in perpetuity whereas bull markets can. Bear markets will eventually have price objectives of zero, whereas bull markets can increase to infinity. It can occur for individual market instruments, but not markets as a whole. Since bull markets are defined by low volatility, they also last longer. Once a bull market is indicated, the trader can remain in a long position until a new high is reached, then switch to shorts. The average bear market is eighteen months long, giving us a date of August 19th, 2021 for the end of this bear market – roughly speaking. They cannot be shorter than fifteen months for a central-bank controlled market, which does not apply to Bitcoin. (Otherwise, it would continue until Sunday, September 12, 2021.) However, we should expect Bitcoin to experience its’ exponential growth after the stock market re-enters a bull market.
Terry Laundy’s T-Theory implemented by measuring the time of an indicator from peak to trough, then using that to define a future time window. It is similar to an head-and-shoulders pattern in that it is the process of forming the right side from a synthetic technical indicator. If the indicator is making continued lows, then time is recalculated for defining the right side of the T. The date of the market inflection point may be a price or indicator inflection date, so it is not always exactly useful. It is better to make us aware of possible market inflection points, clustered with other data. It gives us an RSI low of May, 9th 2020.
The Bradley Cycle is coupled with volatility allows start dates for campaigns or put options as insurance in portfolios for stocks. However, it is also useful for predicting market moves instead of terminal dates for discretes. Using dates which correspond to discretes, we can see how those dates correspond with changes in VIX.
Therefore, our timeline looks like:
  • 2/14/20 – yearly high ($10372 USD)
  • 3/12/20 – yearly low thus far ($3858 USD)
  • 5/9/20 – T-Theory true yearly low (BTC between 4863 and 3569)
  • 5/26/20 – hashrate difficulty halvening
  • 11/14/20 – stock market low
  • 1/15/21 – yearly low for BTC, around $8528
  • 8/19/21 – end of stock bear market
  • 11/26/21 – eighteen months from halvening, average peak from halvenings (BTC begins rising from $3000 area to above $23,312)
  • 4/23/22 – all-time high
Taken from my blog: http://aliamin.info/2020/
submitted by aibnsamin1 to Bitcoin [link] [comments]

05-16 08:14 - 'Can't the same be said for any industry though? All industries use energy and some of that energy will inherently come from fossil fuels. If burning coal is the cheaper option vs. renewables, then 9/10 companies will choose coal...' by /u/sc0obyd0o removed from /r/news within 9-19min

'''
Can't the same be said for any industry though? All industries use energy and some of that energy will inherently come from fossil fuels. If burning coal is the cheaper option vs. renewables, then 9/10 companies will choose coal, irrespective of whether the company has anything to do with bitcoins.
If free / low-cost renewable solutions become cheaper than coal, then naturally companies will switch away from coal, bitcoin mining is no different. The value of the currency is not intrinsically tied to dirty energy. Bitcoin miners will go where it's cheapest to mine, regardless of energy type.
Although I do see your point on the Visa vs. Bitcoin energy used per transaction argument, most of us, myself included, get along fine with Visa and Paypal which work 99% of the time.
I think the trade off would be that a Bitcoin transaction is arguably worth "more" since it's censorship free and deflationary.
In 2011 PayPal freezes WikiLeak's account due to them publishing military documents & videos outlining the civilian casualties in the Afghan war.
Bitcoin saved WikiLeaks from collapsing since its impossible to "block" a Bitcoin transaction or "freeze" a Bitcoin account. Bitcoin solves the double-spend problem in computer science meaning that anyone can receive bitcoin without the need for a middle man ( Paypal / Visa). No one can even attempt to censor you since there is no middle man to pressure.
[[link]2
Of course, most of us have no need for an unstoppable, non-confiscatable, supplied capped type of money. But for more libertarian minded folks that believe freedom of speech includes money and that perhaps money and state should be divided; then Bitcoin is the perfect solution.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: sc0obyd0o
1: ww**forb***c*m/site*/*ogerhu*n**2019/04/26*how-*itco*n*a**-*i*ile*k*-sav*d-e*ch-*the#6fb9423474a* 2: *w***orbe***om/s*tes*roger**ang*2019/04/26**ow-bi*coin-and**ikilea*s-saved*eac**o*h*#*f*9423474a5*^^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Why Global Deflation May Not Be Bad News for Bitcoin

Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation if it acts not just as an investment asset, but as a medium of exchange and a perceived safe haven like gold. The top cryptocurrency by market value is widely considered to be a hedge against inflation because its supply is capped at 21 million and its monetary policy is pre-programmed to cut the pace of supply expansion by 50 percent every four years. As such, one may consider any deflationary collapse as a price-bearish development for bitcoin. Talk of deflation began earlier this month after the U.S. reported massive job losses due to the coronavirus outbreak. The prospects of a deflationary collapse have strengthened with this week’s oil price crash. “The oil price rout will send a deflationary wave through the global economy,” tweeted popular macro analyst Holger Zschaepitz on Tuesday. Read more: First Mover: What the Oil Price Collapse Means for Bitcoin’s Halving Valuation Cash typically becomes king during deflation because the drop in the general price levels boosts the monetary unit’s purchasing power, or the ability to purchase goods and services. “Unlike inflation, when people try to get out of the dollar because it’s losing value, during deflation people are more comfortable with the dollar because its value is going up,” said Erick Pinos, ecosystem lead for the Americas at the public blockchain and distributed collaboration platform Ontology. The rush for cash, however, may not have a substantially negative impact on bitcoin’s price because deflation would also boost the purchasing power of the cryptocurrency. “While the price per coin may stagnate during a period of aggressive economic deflation, the inherent buying power of the currency will actually rise, possibly quite significantly,” said Brandon Mintz, CEO of the bitcoin ATM provider Bitcoin Depot. As time goes on and people become more comfortable with digital assets, the average person begins to see Bitcoin as a legitimate viable alternative to gold.** The uptick in the purchasing power will likely draw greater demand for bitcoin, as the cryptocurrency is already used as means of payment. “Hundreds of thousands of businesses, brands and merchants do accept the ‘digital gold’ as payment, and thousands more every day are realizing the benefits of diversifying their revenue stream and accepting bitcoin as payment for their goods and services,” said Derek Muhney, director of sales and marketing at Coinsource, the world’s leader in Bitcoin ATMs. Moreover, the cryptocurrency’s appeal as a medium of exchange is likely to continue strengthening with the growing prevalence of technology in consumers’ everyday lives caused by the coronavirus pandemic.
##Digital gold ##
Ever since its inception, bitcoin has been dubbed “digital gold.” Like the yellow metal, the cryptocurrency is durable, fungible, divisible, recognizable and scarce. Both assets share features that fulfill Aristotle’s call for a currency to be practical and functional. Bitcoin has actual utility as the means of payment, which gold lacks, according to Coinsource’s Muhney. “As time goes on and people become more comfortable with digital assets, the average person begins to see Bitcoin as a legitimate viable alternative to gold. Thus, it’s reasonable to assume that during a period of deflation bitcoin would perform well like gold has in the past,” said Erick Pinos, America’s ecosystem lead at the public blockchain and distributed collaboration platform Ontology. Read more: Looking for a Safe Haven Digital Asset? Try Gold Hence, gold’s performance during the previous bouts of deflation could serve as a guide for bitcoin investors. Historical data shows gold performs well during deflation, which includes a sharp rise in financial stress and increased risk of corporate defaults; highly levered companies tend to go bust during deflation because their revenues fall while their debt service payments remain the same. Of course, gold’s shine is particularly bright during periods of inflation as well. As in periods of sizable deflation, inflation brings a set of price distortions that shake-up income statements and economies. A commonly-used measure of stress is the “Ted spread” or the difference between the three-month U.S. interbank rate and the three-month T-Bill rate. Ted SpreadSource: St. Louis Fed Research“Massive spikes in the Ted spread in the 1970s were accompanied by a sharp rise in gold. The Ted spread also rose sharply in the early 1980s; in 1987 in the wake of the stock market crash and during the global financial crisis of 2007-2009 – both also periods of stronger gold prices,” according to Oxford Economics’ research note. Gold’s performance in stress periodsSource: Oxford ResearchThe real or inflation-adjusted price of gold rose an average 33 percent per annum in the 1970s, 18 percent in 1980s and 15.8 percent in 2000. Underscoring all of the scenarios is that a sudden rise in economic stress usually fuels a global dash for cash, forcing investors to sell everything from stocks to gold. However, once economic uncertainty starts settling, people again start looking for safe havens. “During the Great Recession, while gold initially declined alongside other equities, it found its footing and rallied faster than stocks recovered,” Ontology’s Pinos told CoinDesk. The Ted spread spiked as high as 4.6 following the collapse of Lehman Brothers in August 2008. Gold fell from $920 to $680 per troy ounce in the August to October period, as investors treated the yellow metal as a source of liquidity, but still ended that year with 5.5 percent gains. More importantly, it rallied by 24 percent in 2009 and went on to hit a record high above $1,900 in 2011. Read more: First Mover: Bitcoin Jumps as Fed Assets Top $6.5T and Traders Focus on Halving The yellow metal’s recent price gyrations suggest history may be repeating itself. As the Ted spread rose from 0.11 to 1.42 in the four weeks to March 27, gold fell from $1,700 to $1,450 yet is now trading near $1,725 per ounce, having hit a 7-year high of $1,747 ten days ago. Bitcoin, too, was treated as a source of liquidity last month, as evidenced from the near 40 percent drop to levels under $4,000 seen on March 12. Since then, however, the cryptocurrency has risen by nearly 85 percent to $7,500. If gold’s historical data and the recent market activity is a guide, then the path of least resistance for bitcoin appears to be on the higher side.
##Unprecedented stimulus to undermine fiat currencies ##
Both the U.S. government and the Federal Reserve have unleashed massive amounts of liquidity into the system over the past few weeks to contain the economic fallout from the coronavirus pandemic. Notably, the Fed is running an open-ended asset purchase program and its balance sheet has already risen to record highs above $6.5 trillion. Meanwhile, central banks from New Zealand to Canada have slashed rates to zero and have recently announced bond purchase programs. What’s more, the amount of fiscal stimulus announced by 22 countries in March is equivalent to 75 percent of the global gross domestic product (GDP), according to JPMorgan. However, most governments and central banks appear to have run out of ammo. Hence, if the coronavirus pandemic continues to spread or leads to corporate defaults, investors may lose trust in traditional finance and look for alternatives like bitcoin and cryptocurrencies in general. Moody’s Analytics recently warned of the heightened risk of corporate defaults in the oil and gas sector across the globe, and weakness in entertainment and leisure giving way to pressure on consumer durables. “The willingness to fight deflation should bode well for bitcoin,” said Richard Rosenblum, head of trading at GSR. Meanwhile, Ashish Singhal, CEO and founder of the cryptocurrency exchange Coinswitch.co, said, “In a deflationary scenario, the chances of negative interest rates are high, and users would want to move their existing assets into more stable assets like bitcoin to prevent loss in their asset value.” Interest rates are already set below zero across Europe and in Japan and are hovering at or near zero in other advanced countries. Further, with central banks willing to do whatever it takes to defeat deflation, the real yield or inflation-adjusted returns on bonds are likely to remain negative or meagerly positive at best. As a result, zero-yielding assets like gold and bitcoin may attract more buyers. Bank of America’s analysts noted earlier this week that the stimulus frenzy amid the coronavirus pandemic would put pressure on the currencies and send gold to $3,000 by October 2021. While bitcoin could perform well during deflation, bitcoin and cryptocurrencies have seldom tracked macro developments on a consistent basis in the past. “Blockchain-based currencies are really their own beasts,” said Bitcoin Depot CEO Brandon Mitz. DisclosureRead MoreThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Source: https://thedailyblockchain.news/2020/05/24/why-global-deflation-may-not-be-bad-news-for-bitcoin/
submitted by iMakeWebsites4u to daily_blockchain_news [link] [comments]

THE RIGHT OF DIGITAL INTEGRITY

TREATY ON THE RIGHT OF DIGITAL INTEGRITY By Mario Rocha, April 2020.
Any type of society belonging to a democratic state of law, whose interactions have spread in a digitally open society, will inherently be expanding the sphere and legal personality of each and every one of its members. Therefore, the right to the protection of digital integrity, together with the rights to physical and emotional integrity, is part of the human rights, fundamental and individual guarantees, of the human being.
The right to the digital integrity of the human being, makes it possible to claim the rights to privacy in informative self-determination, autonomy and freedom of choice. The right to digital integrity becomes a general justification for all data protection principles and rules, changing the purpose and legal interpretations to the protection of the digital individual, rather than just protecting data.
Guaranteeing the protection of the right to digital privacy is only possible through freedom of use and the exercise of the act of encrypting. Exercising the right to encrypt is the only act that guarantees us digital enjoyment of both the rights of privacy and the rights of freedom of expression; since in the act of encrypting we confer privacy on free expression. Privacy gives us the power to selectively reveal ourselves to the entire world, thereby guaranteeing our identity in any type of publication, communication, exchange and transaction. These fundamental rights are not negotiable, they do not admit weighting between them or against others. They are fundamental to freedom in a digitally open society.
The power of these rights is only conferred to those who defend them, through their practice and use, in accordance with a contract of social adherence, open to the entire world and for a digital society that knows no borders or delimitations, so a state finds no use; where the transfer of property and value only involves the beneficiaries, so no institution or trusted intermediaries are necessary; where chaos is actively regulated by each and every one of its members, so any type of government finds no purpose.
This social and economic revolution is inherent in a permanently digital society, and integrates its followers in an individual, free, secret act of common interest in the action of encryption. Guaranteeing digital integrity by permanently exercising the right to encrypt all digital interaction, extinguishes all digital types of: slavery, violence, repression, coercion, persecution, discrimination and xenophobia; therefore, the enjoyment of digital integrity and your digital rights are guaranteed to: Wealth, Security, Privacy, Equality, Suffrage, Freedom of expression and Freedom of communication.
Just as states guarantee their right to privacy, freedom, autonomy and existence through governmental and institutional control of their currency, in the same way a digitally open, free and autonomous society has the right to guarantee their autarchy, autonomy and existence, through a digital economy based on intellectual resources inherent to the digital society itself, all these resources, such as their equivalence, representation and exchange, must be through a HARD CRYPTOCURRENCY coin.
A HARD CRYPTOCURRENCY must be decentralized to the states, governments, institutions and individuals; Be useful without the need for trusted intermediaries; Be autonomous in its emission and destruction; Be deflationary through finite quantitative tightening; Be from public records and verifications; And be completely irreversible in your transactions and proof of double spending.
The active coexistence of both currencies does not threaten their own stocks, since in their issues, contents, forms and profits, they find different purposes. While a FIAT currency will always be necessary to continue with the social contract between the states and their citizens, a HARD CRYPTOCURRENCY will always be necessary to establish and continue the social contract between digital individuals.
For a digital economy of intellectual resources to be incorruptible and guarantee its continuity and existence in freedom, autarky and autonomy; It will not admit, nor will it recognize in any way, any type of financial instruments related to options, parity, collaterals, titles, bonds, futures, synthetics and derivatives; Nor does it admit or recognize in any way, any type of financial mechanism related to the policies of fractional reserve banking, expansion of deposits and leverage. In this way it is guaranteed that the creation and generation of new and own wealth will only be alone and through effort and work, applied to time, the latter being the most valuable asset in the entire world.
The digital integrity in all its forms and all its contents, must guarantee the security of the encryption, normalizing that all types of encryption must be from HARD CRYPTOGRAPHY, it must be composed and integrated, by data authentication only by the beneficiary and through the use of end-to-end encryption multilayers, with asymmetric elliptic curve cryptography or higher. Digital integrity in all its forms and content, must guarantee freedom, equality, privacy and security, in the access and use of individuals to the HARD CRYPTOGRAPHY, normalizing that the beneficiary is the only one who has access and the right to the creation, administration and custody of your own public and private keys and their derivations.
Digital integrity in forms and content of digital privacy, must guarantee equality, privacy and security, in the protection of digital data, normalizing that all programming codes and data transfer protocols, enable communications, exchanges, transactions, own records and digital identities; are carried out with HARD CRYPTOGRAPHY.
The digital integrity in forms and contents of digital communications, must guarantee the equality, security and privacy of internet users, normalizing that all kinds of internet connections made through the OS, APPS and BROWSERS, are made alone and through the TOR network or through VPNs with HARD CRYPTOGRAPHY.
The digital integrity in forms and content of data protection, must guarantee the equality, privacy and security of legal persons, normalizing that all kinds of interactions and digital exchanges, messaging, communications and streaming, are carried out alone and through networks P2P with hard encryption. In the same way, normalizing the sending and receiving of e-mails using digital signatures and encryption with HARD CRYPTOGRAPHY or PGP.
The digital integrity in forms and contents of the digital consumer, must guarantee the security, equality and privacy of software consumers, normalizing that the public offer of any type of APPS and OS, is conditioned to the publication of all the integral programming code from the APPS and OS, in any public repository of OPEN SOURCE and FREE SOFTWARE.
The digital integrity in forms and digital mercantile content, must guarantee the equality, security and privacy of digital transactions, normalizing that all types of transmission of value and digital property are made possible through a HARD CRYPTOCURRENCY or BITCOIN; And establish all kinds of contractual relationships, agreements, files and registration, alone and through the SMART CONTRACT in BLOCKCHAIN.
The digital integrity in digital author forms and contents, must guarantee the equality and security of the digital author registers, normalizing that all kinds of intellectual resources are made possible to be published, registered and licensed, under the desired concepts of FREE CONTENT, OPEN CONTENT, COPYLEFT, CREATIVE COMMONS and GNU in GPL AND GFDL.
Both the democratic states of law, which do not include in their legal framework, the fundamental rights to the protection of digital integrity; As individuals, they do not permanently exercise their right to encrypt. They will abandon each and every one of the members who extend their interactions to a digitally open society, to be permanently classified, guarded, controlled, manipulated, monetized and commercialized, by any type of: states, governments, authorities, corporations and legal persons; through their own devices, communications, applications, searches, publications, consumption, registration accounts and any type of health records and digital identity.
submitted by pimpoloo to RightToEncryption [link] [comments]

Digital integrity

TREATY ON THE RIGHT OF DIGITAL INTEGRITY By Mario Rocha, April 2020.
Any type of society belonging to a democratic state of law, whose interactions have spread in a digitally open society, will inherently be expanding the sphere and legal personality of each and every one of its members. Therefore, the right to the protection of digital integrity, together with the rights to physical and emotional integrity, is part of the human rights, fundamental and individual guarantees, of the human being.
The right to the digital integrity of the human being, makes it possible to claim the rights to privacy in informative self-determination, autonomy and freedom of choice. The right to digital integrity becomes a general justification for all data protection principles and rules, changing the purpose and legal interpretations to the protection of the digital individual, rather than just protecting data.
Guaranteeing the protection of the right to digital privacy is only possible through freedom of use and the exercise of the act of encrypting. Exercising the right to encrypt is the only act that guarantees us digital enjoyment of both the rights of privacy and the rights of freedom of expression; since in the act of encrypting we confer privacy on free expression. Privacy gives us the power to selectively reveal ourselves to the entire world, thereby guaranteeing our identity in any type of publication, communication, exchange and transaction. These fundamental rights are not negotiable, they do not admit weighting between them or against others. They are fundamental to freedom in a digitally open society.
The power of these rights is only conferred to those who defend them, through their practice and use, in accordance with a contract of social adherence, open to the entire world and for a digital society that knows no borders or delimitations, so a state finds no use; where the transfer of property and value only involves the beneficiaries, so no institution or trusted intermediaries are necessary; where chaos is actively regulated by each and every one of its members, so any type of government finds no purpose.
This social and economic revolution is inherent in a permanently digital society, and integrates its followers in an individual, free, secret act of common interest in the action of encryption. Guaranteeing digital integrity by permanently exercising the right to encrypt all digital interaction, extinguishes all digital types of: slavery, violence, repression, coercion, persecution, discrimination and xenophobia; therefore, the enjoyment of digital integrity and your digital rights are guaranteed to: Wealth, Security, Privacy, Equality, Suffrage, Freedom of expression and Freedom of communication.
Just as states guarantee their right to privacy, freedom, autonomy and existence through governmental and institutional control of their currency, in the same way a digitally open, free and autonomous society has the right to guarantee their autarchy, autonomy and existence, through a digital economy based on intellectual resources inherent to the digital society itself, all these resources, such as their equivalence, representation and exchange, must be through a HARD CRYPTOCURRENCY coin.
A HARD CRYPTOCURRENCY must be decentralized to the states, governments, institutions and individuals; Be useful without the need for trusted intermediaries; Be autonomous in its emission and destruction; Be deflationary through finite quantitative tightening; Be from public records and verifications; And be completely irreversible in your transactions and proof of double spending.
The active coexistence of both currencies does not threaten their own stocks, since in their issues, contents, forms and profits, they find different purposes. While a FIAT currency will always be necessary to continue with the social contract between the states and their citizens, a HARD CRYPTOCURRENCY will always be necessary to establish and continue the social contract between digital individuals.
For a digital economy of intellectual resources to be incorruptible and guarantee its continuity and existence in freedom, autarky and autonomy; It will not admit, nor will it recognize in any way, any type of financial instruments related to options, parity, collaterals, titles, bonds, futures, synthetics and derivatives; Nor does it admit or recognize in any way, any type of financial mechanism related to the policies of fractional reserve banking, expansion of deposits and leverage. In this way it is guaranteed that the creation and generation of new and own wealth will only be alone and through effort and work, applied to time, the latter being the most valuable asset in the entire world.
The digital integrity in all its forms and all its contents, must guarantee the security of the encryption, normalizing that all types of encryption must be from HARD CRYPTOGRAPHY, it must be composed and integrated, by data authentication only by the beneficiary and through the use of end-to-end encryption multilayers, with asymmetric elliptic curve cryptography or higher. Digital integrity in all its forms and content, must guarantee freedom, equality, privacy and security, in the access and use of individuals to the HARD CRYPTOGRAPHY, normalizing that the beneficiary is the only one who has access and the right to the creation, administration and custody of your own public and private keys and their derivations.
Digital integrity in forms and content of digital privacy, must guarantee equality, privacy and security, in the protection of digital data, normalizing that all programming codes and data transfer protocols, enable communications, exchanges, transactions, own records and digital identities; are carried out with HARD CRYPTOGRAPHY.
The digital integrity in forms and contents of digital communications, must guarantee the equality, security and privacy of internet users, normalizing that all kinds of internet connections made through the OS, APPS and BROWSERS, are made alone and through the TOR network or through VPNs with HARD CRYPTOGRAPHY.
The digital integrity in forms and content of data protection, must guarantee the equality, privacy and security of legal persons, normalizing that all kinds of interactions and digital exchanges, messaging, communications and streaming, are carried out alone and through networks P2P with hard encryption. In the same way, normalizing the sending and receiving of e-mails using digital signatures and encryption with HARD CRYPTOGRAPHY or PGP.
The digital integrity in forms and contents of the digital consumer, must guarantee the security, equality and privacy of software consumers, normalizing that the public offer of any type of APPS and OS, is conditioned to the publication of all the integral programming code from the APPS and OS, in any public repository of OPEN SOURCE and FREE SOFTWARE.
The digital integrity in forms and digital mercantile content, must guarantee the equality, security and privacy of digital transactions, normalizing that all types of transmission of value and digital property are made possible through a HARD CRYPTOCURRENCY or BITCOIN; And establish all kinds of contractual relationships, agreements, files and registration, alone and through the SMART CONTRACT in BLOCKCHAIN.
The digital integrity in digital author forms and contents, must guarantee the equality and security of the digital author registers, normalizing that all kinds of intellectual resources are made possible to be published, registered and licensed, under the desired concepts of FREE CONTENT, OPEN CONTENT, COPYLEFT, CREATIVE COMMONS and GNU in GPL AND GFDL.
Both the democratic states of law, which do not include in their legal framework, the fundamental rights to the protection of digital integrity; As individuals, they do not permanently exercise their right to encrypt. They will abandon each and every one of the members who extend their interactions to a digitally open society, to be permanently classified, guarded, controlled, manipulated, monetized and commercialized, by any type of: states, governments, authorities, corporations and legal persons; through their own devices, communications, applications, searches, publications, consumption, registration accounts and any type of health records and digital identity.
submitted by pimpoloo to humanRightsLiberties [link] [comments]

THE RIGHT OF DIGITAL INTEGRITY

TREATY ON THE RIGHT OF DIGITAL INTEGRITY By Mario Rocha, April 2020.
Any type of society belonging to a democratic state of law, whose interactions have spread in a digitally open society, will inherently be expanding the sphere and legal personality of each and every one of its members. Therefore, the right to the protection of digital integrity, together with the rights to physical and emotional integrity, is part of the human rights, fundamental and individual guarantees, of the human being.
The right to the digital integrity of the human being, makes it possible to claim the rights to privacy in informative self-determination, autonomy and freedom of choice. The right to digital integrity becomes a general justification for all data protection principles and rules, changing the purpose and legal interpretations to the protection of the digital individual, rather than just protecting data.
Guaranteeing the protection of the right to digital privacy is only possible through freedom of use and the exercise of the act of encrypting. Exercising the right to encrypt is the only act that guarantees us digital enjoyment of both the rights of privacy and the rights of freedom of expression; since in the act of encrypting we confer privacy on free expression. Privacy gives us the power to selectively reveal ourselves to the entire world, thereby guaranteeing our identity in any type of publication, communication, exchange and transaction. These fundamental rights are not negotiable, they do not admit weighting between them or against others. They are fundamental to freedom in a digitally open society.
The power of these rights is only conferred to those who defend them, through their practice and use, in accordance with a contract of social adherence, open to the entire world and for a digital society that knows no borders or delimitations, so a state finds no use; where the transfer of property and value only involves the beneficiaries, so no institution or trusted intermediaries are necessary; where chaos is actively regulated by each and every one of its members, so any type of government finds no purpose.
This social and economic revolution is inherent in a permanently digital society, and integrates its followers in an individual, free, secret act of common interest in the action of encryption. Guaranteeing digital integrity by permanently exercising the right to encrypt all digital interaction, extinguishes all digital types of: slavery, violence, repression, coercion, persecution, discrimination and xenophobia; therefore, the enjoyment of digital integrity and your digital rights are guaranteed to: Wealth, Security, Privacy, Equality, Suffrage, Freedom of expression and Freedom of communication.
Just as states guarantee their right to privacy, freedom, autonomy and existence through governmental and institutional control of their currency, in the same way a digitally open, free and autonomous society has the right to guarantee their autarchy, autonomy and existence, through a digital economy based on intellectual resources inherent to the digital society itself, all these resources, such as their equivalence, representation and exchange, must be through a HARD CRYPTOCURRENCY coin.
A HARD CRYPTOCURRENCY must be decentralized to the states, governments, institutions and individuals; Be useful without the need for trusted intermediaries; Be autonomous in its emission and destruction; Be deflationary through finite quantitative tightening; Be from public records and verifications; And be completely irreversible in your transactions and proof of double spending.
The active coexistence of both currencies does not threaten their own stocks, since in their issues, contents, forms and profits, they find different purposes. While a FIAT currency will always be necessary to continue with the social contract between the states and their citizens, a HARD CRYPTOCURRENCY will always be necessary to establish and continue the social contract between digital individuals.
For a digital economy of intellectual resources to be incorruptible and guarantee its continuity and existence in freedom, autarky and autonomy; It will not admit, nor will it recognize in any way, any type of financial instruments related to options, parity, collaterals, titles, bonds, futures, synthetics and derivatives; Nor does it admit or recognize in any way, any type of financial mechanism related to the policies of fractional reserve banking, expansion of deposits and leverage. In this way it is guaranteed that the creation and generation of new and own wealth will only be alone and through effort and work, applied to time, the latter being the most valuable asset in the entire world.
The digital integrity in all its forms and all its contents, must guarantee the security of the encryption, normalizing that all types of encryption must be from HARD CRYPTOGRAPHY, it must be composed and integrated, by data authentication only by the beneficiary and through the use of end-to-end encryption multilayers, with asymmetric elliptic curve cryptography or higher. Digital integrity in all its forms and content, must guarantee freedom, equality, privacy and security, in the access and use of individuals to the HARD CRYPTOGRAPHY, normalizing that the beneficiary is the only one who has access and the right to the creation, administration and custody of your own public and private keys and their derivations.
Digital integrity in forms and content of digital privacy, must guarantee equality, privacy and security, in the protection of digital data, normalizing that all programming codes and data transfer protocols, enable communications, exchanges, transactions, own records and digital identities; are carried out with HARD CRYPTOGRAPHY.
The digital integrity in forms and contents of digital communications, must guarantee the equality, security and privacy of internet users, normalizing that all kinds of internet connections made through the OS, APPS and BROWSERS, are made alone and through the TOR network or through VPNs with HARD CRYPTOGRAPHY.
The digital integrity in forms and content of data protection, must guarantee the equality, privacy and security of legal persons, normalizing that all kinds of interactions and digital exchanges, messaging, communications and streaming, are carried out alone and through networks P2P with hard encryption. In the same way, normalizing the sending and receiving of e-mails using digital signatures and encryption with HARD CRYPTOGRAPHY or PGP.
The digital integrity in forms and contents of the digital consumer, must guarantee the security, equality and privacy of software consumers, normalizing that the public offer of any type of APPS and OS, is conditioned to the publication of all the integral programming code from the APPS and OS, in any public repository of OPEN SOURCE and FREE SOFTWARE.
The digital integrity in forms and digital mercantile content, must guarantee the equality, security and privacy of digital transactions, normalizing that all types of transmission of value and digital property are made possible through a HARD CRYPTOCURRENCY or BITCOIN; And establish all kinds of contractual relationships, agreements, files and registration, alone and through the SMART CONTRACT in BLOCKCHAIN.
The digital integrity in digital author forms and contents, must guarantee the equality and security of the digital author registers, normalizing that all kinds of intellectual resources are made possible to be published, registered and licensed, under the desired concepts of FREE CONTENT, OPEN CONTENT, COPYLEFT, CREATIVE COMMONS and GNU in GPL AND GFDL.
Both the democratic states of law, which do not include in their legal framework, the fundamental rights to the protection of digital integrity; As individuals, they do not permanently exercise their right to encrypt. They will abandon each and every one of the members who extend their interactions to a digitally open society, to be permanently classified, guarded, controlled, manipulated, monetized and commercialized, by any type of: states, governments, authorities, corporations and legal persons; through their own devices, communications, applications, searches, publications, consumption, registration accounts and any type of health records and digital identity.
submitted by pimpoloo to Gofis [link] [comments]

Why we won't have a long term bear market, and how to systematically pick your future investments in crypto

With so much uncertainty right now it would be a good time to take some time to go over what happened recently and how to invest moving foward. We've seen a peak bubble at around 850 billion total market cap in the first week of January, consolidated down to $750 billion and have now just experienced a 40% correction.

What's happening now and how bad will it get?

First of all you should realize that there is a January Dip that happens every year, when we see a roughly 20-30% decline around mid January. This year its been much more severe though for several additional factors that have compounded on top.
Different theories exist on why this happens (its actually the mirror opposite of the "January Effect" that happens in the US stock market), but the two major theories are:
1) Asian markets pull into fiat because of Asian New Year spending needs
2) People in the US sell in January to defer their capital gains tax liability an extra year
While this cyclic event has lead to a healthy correction in the last few years, this year we got these new factors making more fear as well:
So in essence we got a storm of scary news along with the usual cyclic downturn. Currently I don't see this as being a systematic crash like Mt.Gox was that would lead to a long term bear market because the fundamental ecosystem is still intact, and I suspect that after about a month we should consolidate around a new low. All the exchanges are still operational and liquid, and there is no breakdown in trust nor uncertainty whether you'll be able to cash out. What range the market trades in will all depend how Bitcoin does, right now we've already broken below 10K but I'm seeing a lot of support at around $8000, which is roughly where the long term MA curve settles. We don't know how bad it will get or what the future will bring, but as of right now we shouldn't be in a bear market yet.
What should you do if you recently entered the market?
If you did buy in the last few months at or near ATH, the very worst thing you can do now is sell in panic and lose your principal. You shouldn't have more money in crypto than you can afford to lose, so it shouldn't be a problem to wait. You have to realize that 30% corrections in crypto are relatively common, just last fall we had a 40% flash correction over more China fears. Unless there is a systematic breakdown like we had during Mt.Gox, the market always recovers.
The other worst thing you can do is unload into Tether as your safety net. If there is one thing that could actually cause a long term destruction of trust within the cryptocurrency investment ecosystem, its Tether having a run up on their liabilities and not having enough reserve to cover the leverage. It would not only bring down exchanges but lead to years of litigation and endless media headlines that will scare off everybody from putting fiat in. I don't know when the next Mt.Gox meltdown will occur but I can almost guarantee it will involve Tether. So stay away from it.
What should long term investors do?
For long term holders a good strategy to follow each year is to capture profit each December and swallow the capital gains taxation liability, park a reserve of fiat at Gemini (whose US dollar deposits are FDIC-insured) and simply wait till around late January to early February to re-enter the market at a discount and hold all year until next December. You can keep a small amount in core coins in order to trade around various Q1 opportunities you anticipate. Others may choose to simply do nothing and just keep holding throughout January which is also a perfectly fine strategy. The cyclical correction usually stabilizes toward late January and early February, then we see a rise in March and generally are recovered by end of April. Obviously this decision whether to sell in December to profit on the dip and pay tax liability or to just hold will depend on your individual tax situation. Do your own math sometime in November and follow suit.
Essentially revaluate your positions and trim your position sizes if you don't feel comfortable with the losses.

How to construct your portfolio going forward

Rather than seeing the correction as a disaster see it as a time to start fresh. If you have been FOMO-ing into bad cryptos and losing money now is a time to start a systematic long term approach to investing rather than gambling.
Follow a methodology for evaluating each cryptocurrency
Memes and lambo dreams are fun and all, but I know many of you are investing thousands of dollars into crypto, so its worth it to put some organized thought into it as well. I can't stress enough how important it is to try and logically contruct your investment decisions. If you follow a set methodology, a checklist and template you will be able to do relative comparisons between cryptocurrencies, to force yourself to consider the negatives and alternative scenarios and also sleep comfortably knowing you have a sound basis for your investment decisions (even if they turn out to be wrong).
There is no ideal or "correct" methodology but I can outline mine:
1) Initial information gathering and filtering
Once I identify something that looks like a good potential investment, I first go to the CoinMarketCap page for that symbol and look at the website and blockchain explorer.
  • Critically evaluate the website. This is the first pass of the bullshit detector and you can tell from a lot from just the website whether its a scam. If it uses terms like "Web 4.0" or other nonsensical buzzwords, if its unprofessional and has anonymous teams, stay away. Always look for a roadmap, compare to what was actually delivered so far. Always check the team, try to find them on LinkedIn and what they did in the past.
  • Read the whitepaper or business development plan. You should fully understand how this crypto functions and how its trying to create value. If there is no use case or if the use case does not require or benefit from a blockchain, move on. Look for red flags like massive portions of the float being assigned to the founders of the coin, vague definition of who would use the coin, anonymous teams, promises of large payouts...etc
  • Check the blockchain explorer. How is the token distribution across accounts? Are the big accounts holding or selling? Which account is likely the foundation account, which is the founders account?
  • Read the subreddit and blogs for the cryptocurrency and also evaluate the community. Try to figure out exactly what the potential use cases are and look for sceptical takes. Look at the Github repos, does it look empty or is there plenty of activity?
2) Fill out an Investment Checklist
I have a checklist of questions that I find important and as I'm researching a crypto I save little snippets in Evernote of things that are relevant to answering those questions:
  • What is the problem or transactional inefficiency the coin is trying to solve?
  • What is the Dev Team like? What is their track record? How are they funded, organized?
  • Who is their competition and how big is the market they're targeting? What is the roadmap they created?
  • What current product exists?
  • How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional?
  • What are the weaknesses or problems with this crypto?
3) Create some sort of consistent valuation model/framework, even if its simple
I have a background in finance so I like to do Excel modeling. For those who are interested in that, this article is a great start and also Chris Burniske has a great blog about using Quantity Theory of Money to build an equivalent of a DCF analysis for crypto.
Here is an Excel file example of OMG done using his model. You can download this and play around with it yourself, see how the formulas link and understand the logic.
Once you have a model set up the way you like in Excel you can simply alter it to account for various float oustanding schedule and market items that are unique to your crypto, and then just start plugging in different assumptions. Think about what is the true derivation of value for the coin, is it a "dividend" coin that you stake within a digital economy and collect fees or is it a currency? Use a realistic monetary velocity (around 5-10 for currency and around 1-2 for staking) and for the discount rate use at least 3x the long term return of a diversified equity fund.
The benefit is that this forces you to think about what actually makes this coin valuable to an actual user within the digital economy its participating in and force you to think about the assumptions you are making about the future. Do your assumptions make sense? What would the assumptions have to be to justify its current price? You can create different scenarios in a matrix (optimistic vs. pessimistic) based on different assumptions for risk (discount rate) and implementation (adoption rates).
If you don't understand the above thats perfectly fine, you don't need to get into full modeling or have a financial background. Even a simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Some simple valuation methods that anyone can do
  • Metcalfe's Law which states that the value of a network is proportional to the square of the number of connected users of the system (n2). So you can compare various currencies based on their market cap and square of active users or traffic.
  • Another easy one is simply looking at the total market for the industry that the coin is supposedly targeting and comparing it to the market cap of the coin. Think of the market cap not only with circulating supply like its shown on CMC but including total supply. For example the total supply for Dentacoin is 1,841,395,638,392, and when multiplied by its price in early January we get a market cap that is actually higher than the entire industry it aims to disrupt: Dentistry.
  • If its meant to be just used as just a currency: Take a look at the circulating supply and look at the amount that is in cold storage or set to be released/burned. Most cryptos are deflationary so think about how the float schedule will change over time and how this will affect price.
Once you have a model you like set up, you can compare cryptos against each other and most importantly it will require that you build a mental framework within your own mind on why somebody would want to own this coin other than to sell it to another greater fool for a higher price. Modeling out a valuation will lead you to think long term and think about the inherent value, rather than price action.
Once you go through this 3-step methodology, you'll have a pretty good confidence level for making your decision and can comfortably sit back and not panic if some temporary short term condition leads to a price decrease. This is how "smart money" does it.
Think about your portfolio allocation
You should think first in broad terms how you allocate between "safe" and "speculative" cryptos.
For new investors its best to keep a substantial portion in what would be considered largecap safe cryptos, primarily BTC, ETH, LTC. I personally consider XMR to be safe as well. A good starting point is to have between 50-70% of your portfolio in these safe cryptocurrencies. As you become more confident and informed you can move your allocation into speculative small caps.
You should also think in terms of segments and how much of your total portfolio is in each segment:
  • Core holdings - BTC, Ethereum, LTC...etc
  • Platform segment - Ethereum, NEO, Ark...etc
  • Privacy segment - Monero, Zcash, PivX..etc
  • Finance/Bank settlement segment - Ripple, Stellar...etc
  • Enterprise Blockchain solutions segment -VeChain, Walton, WABI...etc
  • Promising/Innovative Tech segment - Raiblocks, IOTA, Cardano...etc
You should also think about where we are in the cycle, as now given so much uncertaintly its probably best to stay heavily in core holdings and pick up a few coins within a segment you understand well. If you don't understand how enterprise solutions work or how the value chain is built through corporations, don't invest in the enteprise blockchain solutions segment. If you are a technie who loves the technology behind Cardano or IOTA, invest in that segment.
Think of your "circle of competence"
This is actually a term Buffet came up with, it refers to your body of knowledge that allows you to evaluate an investment. Think about what you know best and consider investing in those type of coins. If you don't know anything about how supply chains functions, how can you competently judge whether VeChain or WaltonChain will achieve adoption?
This where your portfolio allocation also comes into play. You should diversify but really shouldn't be in much more than around 12 cryptos, because you simply don't have enough competency to accurately access the risk across every segment and for every type of crypto you come across. If you had over 20 different cryptos in your portfolio you should probably think about consolidating to a few sectors you understand well.
Continually educate yourself about the technology and markets
If you aren't already doing it: Read a bit each day about cryptocurrencies. There are decent Youtubers that talk about the market side of crypto, just avoid those that hype specific coins and look for more sceptical ones like CryptoInvestor. If you don't understand how the technology works and what the benefits of a blockchain are or how POS/POW works or what a DAG is or how mining actually works, learn first. If you don't care about the technology or find reading about it tedious, you shouldn't invest in this space at all.

Summing it up

I predicted a few days ago that we would have a major correction in 2018 specifically in the altcoins that saw massive gains in Decemebeearly January, and it seems we've already had a pretty big one. I don't think we'll have a complete meltdown like some are predicting, but some more pain may be incoming.
Basically take this time to think about how you can improve your investment style and strategy. Make a commitment to value things rather than chasing FOMO, and take your time to make a decision. Long term investment will grant you much more returns as will a systematic approach.
Take care and have fun investing :)
Edit March 2018: Lol looking back I'm regretting starting the title with "Why we won't have a long term bear market" now, I was more karma whoring with that catchy title than anything. We recovered up to 11K from this post, but then crashed again hard later in February-March because of a slew of reasons from Tether subpeona to unforseen regulatory issues.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Two fundamental questions about cryptocurrencies

Let me preface this with the fact that I am deep into crypto and these are questions I've debated over and over with my colleagues. I am a believer in crypto and this is meant to engage conversation.
With that out of the way :)
  1. How would a society function with a deflationary currency (as most cryptos are) as the de facto currency? It would discourage spending on non-necessary items slowing down the economy. Without consumption, production would slow. While your money would grow, it would kill debtors. As you borrow money, that money would become more expensive to pay back and assets would fall in value leading to higher default rates.
  2. In the first world, what incentives do consumers have to switch over to crypto as an everyday payment method? Credit cards are inherent a better product. You are rewarded for using the cards in a responsible manner. Consumers also drive merchant decisions, so saying the merchant would switch to crypto to cut out fees is not a solid argument. Perhaps they could offer discounts, but how/why would they consider crypto is inherently a volatile product?
Got many more, but figured we can start with these two. Looking forward to hearing why these are not a worry!
submitted by WBStudios to CryptoCurrency [link] [comments]

Weekly Update: Jason starts #discussionThursday, $COTI on Binance, WibsonTree, Harmony + IBC Media... – 21 Feb - 27 Feb'20

Weekly Update: Jason starts #discussionThursday, $COTI on Binance, WibsonTree, Harmony + IBC Media... – 21 Feb - 27 Feb'20
Hiya folks! With this update we will finally be 100% caught up with the latest. Let’s go! Here’s your week at Parachute + partners (21 Feb - 27 Feb'20):

As mentioned 2 weeks back, Alexis announced the start of a new style of raffle from this week. 300k $PAR in the pot to be won! Bose hosted a Friday Quiz in TTR on movies with a 10k $PAR prize pool. Cap shared a unique bit of trivia from the tipbotverse: ChangeTip, a bitcoin tipbot launched 7 years back, was acquired by Airbnb in 2016 that led to its closure. A crypto pioneer that was way ahead of its time. The usual suspects continue to be on top of the Fantasy Premier Leagure (#FPL) leaderboard – LordHades, Alexis and Novelcloud as per the latest update shared by LH. Alejandro hosted a gun-mode CoD game in the Parachute War Zone followed by a free-for-all for $PAR prizes. Tavo announced another CoD Battle Royale in the Parachute War Zone to be held next week. Afful’s TTR trivia was fun as always. Charlotte hosted another trivia in TTR as well for a 10k $PAR prize pool. Victor held one in TTR with another 10k $PAR pot as well. GamerBoy’s trivia in TTR this week was based on Kindergarten Geography. Haha! Belated Birthday wishes to Victor. Two-for-Tuesdays by Gian for this week had the theme rap/reggae/reggaeton. Like last week, Sebastian set up a YouTube playlist to compile all the entries. For #wholesomewed, Parachuters put on their creative hats as they made some epic artwork based on a primary shape shared by Jason. So much talent! There’s $PAR to be won! In the latest project update shared by Cap, ParJar is in final stages of testing with Transak, ParJar integrated coin-swaps are being worked on at the moment and $PAR-based Dex to be launched in the coming weeks in partnership with Switch. Jason launched a new event for Thursdays called #discussionThursday from this week. The first discussion series revolved around "something you don't understand". The goal is "hopefully someone that does understand it can explain it". Good conversations and altruism gets $PAR tips. TTR crew hosted a fun “guess the admin” contest based on the Parachute Christmas artwork.
Lmao Victor!
Happy Carnival to you too Rene
Just a sampling from all the #wholesomewed entries
20k $AXPR was burned as part of the weekly aXpire burn event. aXpire COO Matthew Markham wrote about how technological differentiators give PEs an edge over public markets. The latest Bilr blog post talks about disruptive technologies in the legal industry. 2gether CEO Ramon Ferraz appeared in an IEB podcast to talk about Neobanks. YouTuber FunOntheRide’s latest video covers collaborative economy and how 2gether plays a role in it. Head of Marketing, Laura Braulio explained must-do’s in marketing strategies for fintechs in her article which was published on ClickZ. The XIO DApp went into the final stages of unit testing this week. Beta tests should start soon. For #XIOSocial chatter, Citizens discussed the semantics of the term “crowdstaking”. Ethos’ parent company Voyager released the full Android version of its app this week. Switch-backed McAfeeDex is slated for some updates soon. Read about what’s coming up from John McAfee’s tweet. Plus, a new privacy coin “ghost” is on the horizon. $ESH holders are expected to get a taste of it on launch. For the latest update on Switch, click here. Fantom’s $FTM was one of the winners of a public vote to get listed on ZelCore. As an update to the fantom.rocks tool released last week by GoFantom (a Fantom validator), this week a dApp named Supercharge was released on top of it. Supercharge allows users to send 20 test transactions to demonstrate the speed of consensus. The DAO Maker shared a compilation of Fantom’s 2019 updates. For the 2020 project plan, click here. This was followed by a detailed 2020 roadmap. Too long? No sweat! This graphical representation of the roadmap by Generation Crypto is here to rescue you. Or, if you would rather watch a video, CMO Michael Chen made one. For notes, click here. The first version of Uptrennd’s mobile redesign is here. Congratulations to TREOS for winning the Round 1 of the Uptrennd free advertising package contest that launched last week. Voting for Round 2 started this week with Fantom included in this round. Banano ended up winning the second round and going head to head with TREOS in the finals. The first 2UP Tuesday kicked off this week with every upvote counting for twice the normal points (with the same rules applying for downvotes). Sweet! Uptrennd founder Jeff Kirdeikis was invited to speak at the EntrepreneurShip cruise event. Don’t forget the epic giveaway mentioned.
First sneak peek of Uptrennd’s new mobile design
Catch up on Distric0x’s Weekly update here. If you missed the DappDigest, the crew’s got your back. Their video walkthrough of ETHDenver covers snippets from the event along with Brady’s on-stage performance and an interview of Dmitry Buterin (Vitalik Buterin’s father). Read about how the recent fintech M&A deals will influence markets in this article by Hydrogen. The team sat down for an AMA with Crypto Cabital this week and also hosted a 150k $HYDRO giveaway. Fintech nerds, check out Hydro’s explainer blog post on open banking and WSO2. Is the project ticking off its roadmap items on time? Click here to find out. As a 2020 cohort member of the MassChallenge Fintech accelerator, Hydro’s Senior Director for Strategic Partnerships, Ken Kavanaugh travelled to Boston to talk about “platformication in fintech” at their meetup. If you are attending the Milwaukee Blockchain Conference in March, don’t forget to say Hi to Biz Dev Lead Mark Anstead where he will be a featured speaker. If you haven’t booked your tickets yet, there’s a 50% discount coupon available for you. $HYDRO got listed on DeFi aggregator Totle this week. How does Sentivate aim to solve HTTP / TCP bottlenecks? Click here to find out. For a primer on UDSP, click here. The Mycro Hunter landing page went live this week. OST’s Pepo is the official community app and partner of Europe-based Ethereum Community Conference (EthCC) where it will also be collaborating with Epicenter podcast for the event. The first browser version of Pepo was released. Crypto exchange Mine Digital will be joining SelfKey’s exchange marketplace. SelfKey’s R&D team shared a 2020 update on the identity management space and how the project aims to place itself in this segment.
Early preview of the SelfKey Mobile Wallet to be submitted to App Store for review
For the latest Constellation community update, click here. Don’t forget to send in your questions for the AMA happening next week. Attendees of VeneCoiners meetup in Argentina next week, don’t forget to say Hi to the crew from Wibson who will be presenting the Rewards Marketplace at the event. The team also published a paper on “WibsonTree” which preserves data privacy when interacting with an agent. They hosted an Ethereum meetup this week to discuss DeFi. Here’s a video demo of how fast the Harmony mainnet is. The weekly #pow tweet thread summarises updates from across the team. KuCoin’s $ONE token swap is now complete. A new page was launched to monitor mainnet and testnet status. The crew attended a Binance meetup in Ukraine to talk about latest project updates. Harmony announced a partnership with IBC Media to incubate and accelerate Indian fintech startups. Safe Haven’s digital inheritance solution, Inheriti, will be available on the Harmony chain. $ONE was listed on MathWallet. Intellishare co-founder Nicholas Wan shared a sneak peek of the testnet mobile UI. dGen listed GET Protocol’s GUTS Tickets as one of the notable startups in the Dutch blockchain space in their Blockchain in Europe 2020 Review report. For a project overview click here – nicely summarised by Generation Crypto. GUTS will be ticketing 3 new shows of Chef’Special. Global Crypto Alliance live streamed another demo of its IoT prototype smartlock device being operated through $CALL tokens. The team also hosted a fun quiz on their Telegram this week. YouTuber Crypto Rich interviewed the crew on all things $CALL (Part I, Part II). Nik Patel’s detailed research report on COTI was published this week. $COTI was added to the Staking Rewards platform. And here’s a biggie, Binance listed both the ERC20 and BEP2 versions of the token this week with a bonus airdrop for deposits. Woot! Before the listing frenzy started, the team took a moment to take stock of the situation. A big listing like Binance leads to a lot of new eyeballs that could trigger scams. COTI crew shared their anti-scam guide for this reason. DOMSCRYPTO covered the project in their latest video. DoYourTip was covered in an iHODL news feature.

And with that, we close for this week at Parachute. See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Garrison's NCLEX Tutoring - YouTube A huge bull run? Bitcoin table! BITCOIN 100000$ - YouTube Can Bitcoin Go Mainstream? Ethereum is climbing will it continue? Kernel.Financial - YouTube

For starters, BtC is inherently deflationary. There is an upper limit on the number of bitcoins that can ever be created (‘mined’, in the jargon: new bitcoins are created by carrying out mathematical operations which become progressively harder as the bitcoin space is explored—like calculating ever-larger prime numbers, they get further apart). This means the cost of generating new ... Bitcoin is inherently deflationary as it is difficult to create, scarce, subject to a finite supply, and exponentially scarcer every 4 years. This makes the price of bitcoin prone to large increases. Supply and Demand, Bitcoin Miners: Miners are at the heart of Bitcoin, in fact Bitcoin’s first big adoption came from miners creating hash-power. Bitcoin is inherently deflationary as coin creation slows to 0. This is exactly what makes BTC ineffective as a currency ecosystem and thus counter-productive for speculative hording. Speculative hoarders assume the value comes from limited supply, and so the problem is two fold; the system disincentives spending, starving the economy in paradox. Additionally, as speculators place their bet ... There’s nothing inherently deflationary about a currency with a fixed quantity. Particularly not with Bitcoin since the incentive to keep processing transactions remains long after all the ... So, Bitcoin is commonly quoted as an inherently deflationary currency. I quote from Mastering Bitcoin "The bitcoin protocol halves the rate at which new bitcoins are created every four years, and limits the total number of bitcoins that will be created to a fixed total of 21 million coins. The result is that the number of bitcoins in circulation closely follows an easily predictable curve that ...

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Garrison's NCLEX Tutoring - YouTube

Investing is inherently risky. Departures Capital is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or ... 💣 PRESENTING KERNEL KERNEL is a deflationary cryptocurrency having a limited supply. Based on CORE, it has the primary configuration strategy for the yield p... Stock market investing is inherently risky. Rich TV is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or ... Tip jar; 1FEqW7sQrxqQbVtx3TpYMKYUuLU9CUEfmo Bitcoin Bitcoins Big Boom: When Will Bitcoin Go Mainstream? Despite being criticized by many economists as being ... For tutoring please call 856.777.0840 I am a registered nurse who helps nursing students pass their NCLEX. I have been a nurse since 1997. I have worked in a lot of nursing fields and I truly love ...

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