The great chain of being sure about things - The Economist

Crytocurrency of the Working Man

Welcome to /LivingWageCoin Try Living Wage Coin! Unlike other cryptocurrencies, Living Wage Coin has all the wonders of online currency that still retains the centralized structure and fiat manner of *successful* currencies like the US Dollar and the Euro!
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Economist’s Quip That Bitcoin (BTC) Fails Financial “Tests”... #blockchain #btc #altcoin Crypto Analysis… https://t.co/NRZ2WQ9jfx - Crypto Dynamic Info - Whales's

Posted at: January 23, 2019 at 07:35AM
By:
Economist’s Quip That Bitcoin (BTC) Fails Financial “Tests”... #blockchain #btc #altcoin Crypto Analysis… https://t.co/NRZ2WQ9jfx
Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

What Economists Don’t Understand About Bitcoin #blockchain #bitcoin #ethereum bitcoin forecast… https://t.co/EKxtIY0Ypd - Crypto Insider Info - Whales's

Posted at: September 13, 2018 at 03:06AM
By:
What Economists Don’t Understand About Bitcoin #blockchain #bitcoin #ethereum bitcoin forecast… https://t.co/EKxtIY0Ypd
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

Economist Claims Bitcoin Futures Killed the Strong Rally i... #blockchain #bitcoin #crypto Uncategorized https://t.co/PXdKDvcOFT - Crypto Insider Info - Whales's

Posted at: July 4, 2018 at 03:14AM
By:
Economist Claims Bitcoin Futures Killed the Strong Rally i... #blockchain #bitcoin #crypto Uncategorized https://t.co/PXdKDvcOFT
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

Imperial College Economists Develop New Bitcoin Pricing Model #blockchain #altcoins #ico https://t.co/naDZcXx4ox - Crypto Insider Info - Whales's

Posted at: April 17, 2018 at 10:16PM
By:
Imperial College Economists Develop New Bitcoin Pricing Model #blockchain #altcoins #ico https://t.co/naDZcXx4ox
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

Economist Says CBDCs Bullish for Bitcoin and Crypto As Japan Predicts Possible Surge in Digital ... (current BTC/USD price is $11,357.24)

Latest Bitcoin News:
Economist Says CBDCs Bullish for Bitcoin and Crypto As Japan Predicts Possible Surge in Digital ...
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist (current BTC/USD price is $10,367.66)

Latest Bitcoin News:
Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Former IMF Chief Economist Says Bitcoin Similar to Gold, Predicts Digital Assets Will Transform ... (current BTC/USD price is $11,667.89)

Latest Bitcoin News:
Former IMF Chief Economist Says Bitcoin Similar to Gold, Predicts Digital Assets Will Transform ...
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

r/MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER

MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER
MAINSTREETCRYPTO EXCLUSIVE: INTERVIEW WITH ROGER VER
https://preview.redd.it/9rycme1mdgr41.jpg?width=200&format=pjpg&auto=webp&s=30c55fb3ff8b3705726a04109797063a26798798
Roger Ver, is one of the five founders of the bitcoin foundation. You could say he was ahead of his time, buying $25,000 worth of bitcoin when they were merely $1 each. He was the first major investor to invest millions in Blockchain.info, Ripple, Kraken, and Bitpay among others. Now he wants Bitcoin Cash, a fork of the legacy chain, to be used as a global P2P currency, and says it can scale just like Satoshi first laid out in the original Bitcoin whitepaper. -------------------------------------------------------------- Bitcoincash.org Rank: #5 Current Price: $257.65 Market Cap : $4,741,042,759 24 hour trading volume : 1.741 Billion USD -------------------------------------------------------------- Hi Roger, first and foremost, I wanted to thank you for taking the time to do this. You are truly a pioneer in the Bitcoin space, and all of us owe you a debt of gratitude. On behalf of all of us, I wanted to say thank you for advancing the space.
1. First, I want you to take a moment and appreciate how far bitcoin and cryptocurrency has come this past decade. Did you ever believe you would see such growth, interest, and adoption in such a short period of time or has it completely surprised you?
We always over estimate the amount of progress that will be made in the short term, but underestimate the amount of progress that will be made in the long term.
Crypto currency is another example of that.
2. At what point did it hit you that bitcoin was history in the making?
From the very first day I knew it was one of the most important inventions in the history of humankind.
The book Digital Gold goes over how I literally had to go to the emergency room because of the excitement I had for Bitcoin.
3. How did you first get into bitcoin, pre Bitinstant?
I first heard about it on the FreeTalkLive.com radio show.
A full history of the early years is covered well by Digital Gold.
4 .What economists and philosophers do you align with?
I think Murray Rothbard fits into both categories and his thinking influenced mine more than any other single author.
Others who have influenced me would include:
Adam Smith
Ludwig von Mises
Milton Friedman
David Friedman
John Locke
Henry Hazlitt
Frederick Bastiat
Larked Rose
Ray Kurzweil
6. What has been your favorite moment in crypto history thus far?
My favorite moments were reading the underlying philosophy behind the Silk Road.
The government has done an amazing job distorting and smearing the underlying message behind the site.
My eyes started to tear up when I read this post on the front page of the Silk Road for the fist time:
https://www.reddit.com/Anarcho_Capitalism/comments/29diyt/defcons_latest_post_on_silk_road/?sort=top
I never bought or sold a single thing there, but I spent countless enjoyable hours reading their forums and exploring the site.
7. What are your future plans for Bitcoin Cash?
It isn’t just a hobby, it’s a global revolt. We will become money for the world.
8. Branding is so important. Bitcoin currently has greater brand recognition a la Coca-Cola, and is regarded by many as the “real” Bitcoin, even though this is widely disputed, especially by crypto-fundamentalists. Do you envision a Coca-Cola vs. Pepsi type scenario? Do you envision parity price-wise between the two on a long enough timeline?
Bitcoin Cash has more utility than BTC, so in the long run it will have a larger market cap. Currently we are in the era when Myspace was bigger than Facebook, but Myspace’s servers were being over loaded and causing a bad user experience.
Eventually people migrated to Facebook and eventually people will migrate away from BTC.
8. a) Have you ever thought of re-branding Bitcoin Cash?
No one is in control to do such a thing by themselves. The community can’t even agree on orange vs green for the colors.
9. Bitcoin Cash has the potential to truly be used as a global form of payment rather than merely a store of value, what else excites you the most about the potential of Bitcoin Cash?
  1. Fast
  2. Cheap
  3. Reliable
  4. Private
Payments for the world. That’s all we need.
10. I asked Adam Back the same question: If you could remove yourself from the equation, and remove bias, how would you objectively evaluate the pros and cons of Bitcoin Cash versus The Lightning Network?
Anyone can permissionlessly start using BCH to start sending or receiving payments world wide in about 30 seconds. (The time it takes to download an app)
It is accepted by more than 100,000 websites around the world, and has millions of users.
Lightning Network would take about a full day to setup and get working permissionlessly, and would take several hundred dollars of additional computer hardware.
Once it is setup, you can spend it at about 300 websites world wide, and it has maybe a few tens of thousands of users.
11. When you’re not working, what do you like to do for fun? Favorite hobbies?
I enjoy reading, and Brazilian Jujitsu. I’m especially interested in doing more competitions before I get too old.
12. What are a few of your favorite books? What are some that have made a long lasting impact on you? (Can be fiction or nonfiction)
I loved the Age of Spiritual Machines. It painted a picture of how exciting the world is going to be thanks to More’s Law.
I also loved The Moon is a Harsh Mistress. I see crypto currency being a world life parallel.
13. What are you most excited about for the future of blockchain technology and where do you see the space in 5 years?
I’m excited to see wide spread wallets with strong privacy, and more agorism starting to take place around the world.
14. What are your personal theories of who Satoshi was / were, what was their motivation, and do you think something like bitcoin would have inevitably been created eventually, had Satoshi never existed?
I don’t know who Satoshi is or was, but it was clear they were trying to build a peer to peer electronic cash system, not what BTC has become today.
It was an inevitability that someone would create something like Bitcoin eventually. People like David Friedman and others had been writing about it for decades in advance.
15. What advice would you give our viewers regarding blockchain, business, motivation, or life in general?
Read more books. Reading a book like having a one on one tutoring session from the author. It’s the best way to learn directly from the greatest minds the human race has ever produced.
BONUS:
If you were a director and could make only one film out of all the wild stories regarding crypto, what subject matter would you choose and why?
The Silk Road because it embodied the spirit of peer to peer cash and voluntaryism.
submitted by blindedzeppelin to mainstreetcrypto [link] [comments]

Our COO @czhuling will join the #Binance 'Off the Charts' Live Panel

Our COO @czhuling will join the #Binance 'Off the Charts' Live Panel
Register here to view it live: https://www.eventbrite.com/e/binance-off-the-charts-virtual-conference-tickets-108855951080

Gold Sponsors: aelf, VITE, Elrond Network, Alchemy, IOST

https://preview.redd.it/qleatsyvnma51.png?width=1102&format=png&auto=webp&s=2eabbe1439f2140f871f7eecdf883305a8a9fc06
Binance presents the “Off the Charts!” Virtual Conference, on July 14, 2020, from 9:00 AM to 7:00 PM (UTC).

About this Event

On July 14, 2020, join Binance as we kick off our third anniversary with one of the biggest blockchain events of the year.
Get the latest news and updates on all things blockchain and crypto, and take an exclusive look at what’s coming next at our “Off the Charts!” Virtual Conference, a blockbuster 10-hour live event with multi-regional programming that brings together 80+ influential speakers, including leading blockchain and crypto innovators, business and technology leaders, influential academics, and key policymakers.
Expect to hear the latest insights on the blockchain ecosystem from some of the industry’s most prominent leaders and visionaries. Join our can’t-miss event with powerful talks, breakthrough panels, opportunities to win prizes, and much more.
The “Off the Charts!” Virtual Conference will feature five segments with spotlights on regions making a significant impact in the space: Europe & the UK, Asia-Pacific, Russia & CIS, Africa & Middle East, and North America & LATAM.
Discover an array of keynotes, panels, and fireside chats, on these following themes and more:
  • Powering Crypto Growth: Local blockchain trends and evolving technologies that are transforming crypto awareness and adoption.
  • Crypto Meets Traditional Finance: Exploring opportunities for integrated and parallel development.
  • Blockchain and Global Health: Crypto’s appeal in today’s volatile environment.
  • Policy and Regulation: Spearheading community initiatives through cooperation and investment.
  • Trading Strategies and Technical Analysis: Training and insights to improve your trading.
Hear from these speakers and more:
  • Akon - Chairman & Co-Founder, Akoin
  • Cliff Liang - Director of Solutions Architecture, Amazon
  • David Ferrer Canosa - Secretary for Digital Policies, Government of Catalonia
  • Don Tapscott - Executive Chairman, The Blockchain Research Institute
  • Oleksandr Bornyakov - Deputy Minister, Ministry of Digital Transformation of Ukraine
  • Perianne Boring - Founder and President, Chamber of Digital Commerce
  • Changpeng Zhao (CZ) - Founder & CEO, Binance
  • He Yi - Co-Founder & CMO, Binance
  • Aarón Olmos - Economist, Olmos Group Venezuela
  • Alex Saunders - CEO & Founder, Nugget's News
  • Anna Baydakova - Reporter, CoinDesk
  • Anton Mozgovoy - Head of Product, Jthereum
  • Apolline Blandin - Research Lead, Cambridge Centre for Alternative Finance
  • Beniamin Mincu - CEO, Elrond
  • Bobby Ong - Co-founder, CoinGecko
  • Brendan Eich - CEO & Co-founder, Brave Software
  • Bruno Diniz - Managing Partner, Spiralem Innovation Consulting
  • Calvin Liu - Strategy Lead, Compound Labs
  • Camila Russo - Founder, The Defiant
  • Carlos Rischioto - Client Technical Leader & Blockchain SME, IBM
  • Carylyne Chan - Interim CEO, CoinMarketCap
  • Catherine Coley - CEO, Binance.US
  • Charles Hayter - CEO, CryptoCompare
  • Charles Hoskinson - Founder, Cardano
  • Charlie Shrem - Host, UntoldStories.Com
  • Chimezie Chuta - Founder, Blockchain Nigeria User Group
  • Darius Sit - Partner, QCP Capital
  • David Ferrer Canosa - Secretary for Digital Policies, Government of Catalonia
  • Denis Efremov - Investment Director, Da Vinci Capital
  • Don Tapscott - Executive Chairman, The Blockchain Research Institute
  • Eric Turner - VP, Market Intelligence, Messari
  • Erick Pinos - Americas Ecosystem Lead, Ontology
  • Ernesto Contreras Escalona - Head of Business Development, Dash Core Group
  • Eugene Mutai - CTO, Raise
  • Genping Liu - Partner, Vertex Ventures
  • Hany Rashwan - CEO, 21Shares AG
  • Harry Halpin - CEO, Nym Technologies
  • Hongfei Da - Founder, Neo
  • Igor Runets - CEO, BitRiver
  • İsmail Hakkı Polat - Cryptocurrency & Blockchain Lecturer, Istanbul Kadir Has University
  • Jamie Burke - CEO, Outlier Ventures
  • Jiho Kang - CEO, Binance.KR
  • John Izaguirre - Europe Ecosystem Lead, Ontology
  • John Khenneth Parungao - COO, SwipeWallet, Inc.
  • Jon Karas - President & Co-Founder, Akoin
  • Jorge Farias - CEO, Cryptobuyer
  • Joseph Hung - Director of Market Strategy, Klaytn
  • Joseph Lubin - CEO, ConsenSys
  • Juan Otero - CEO, Travala.com
  • Justin Sun - Founder, TRON & CEO, BitTorrent
  • Kristina Lucrezia Cornèr - Managing Editor & Head of Features, Cointelegraph
  • Ken Nakamura - CEO, GMO-Z.com Trust Company
  • Konstantin Goldstein - Principal Technical Evangelist, Microsoft
  • Kyle Samani - Managing Director, Multicoin Capital
  • Lucas Nuzzi - Head of Network Data, Coin Metrics
  • Mai Fujimoto "Miss Bitcoin" - Founder, KIZUNA
  • Matt Marx - Co-Founder, PhishFort
  • Meltem Demirors - Chief Strategy Officer, CoinShares
  • Mengdie Wang - CEO, Odaily
  • Michael Feng - CEO, Hummingbot
  • Michael Gu - Founder, Boxmining
  • Michelle Chivunga - Founder, Global Policy House
  • Mo Dong - Co-founder, Celer Network
  • Munachi Ogueke - Chief Business Officer, YellowCard Financial
  • Naveen Surya - Chairman, Fintech Convergence Council
  • Navin Gupta - MD MENA and South East Asia, Ripple
  • Nick White - Co-founder, Harmony
  • Nischal Shetty - CEO, WazirX
  • Pang Xue Kai - CEO, Tokocrypto
  • Paul Veradittakit - Partner, Pantera Capital
  • Perianne Boring - Founder and President, Chamber of Digital Commerce
  • Patrick Dai - CEO, Qtum Chain Foundation
  • Patrick Heusser - Senior Trader, Crypto Broker AG
  • Peter DeMeo - Global Market Development Leader, IBM
  • Priscila Yazbek - Editora de Finanças, InfoMoney
  • Rachel-Rose O'Leary - Researcher, Dark Renaissance Technologies
  • Rich Teo - Co-founder & CEO Asia, Paxos
  • Richard Yan - COO, Vite Labs
  • Robert Kopitsch - Secretary General, Blockchain for Europe
  • Roei Levav - CEO, Efficient Frontier
  • Rune Christensen - Co-founder, MakerDAO
  • Sam Bankman-Fried - CEO, FTX
  • Sandeep Nailwal - COO, Matic Network
  • Sean Rolland - Director of Product, BitPay
  • Senator Ihenyen - Lead Partner, Infusion Lawyers
  • Sergej Kunz - CEO, 1inch.exchange
  • Sergey Shayakhmetov - CBDO, Sberbank Blockchain Lab
  • Shi Shawn - Co-founder, Alchemy Pay
  • Sonya Kuhnel - COO, Xago & Co-Founder, Bitcoin Events & Blockchain Academy
  • Terry Wang - Co-founder, IOST
  • Thaise Saeter - CMO, Convex Research
  • Thamim Ahmed - Researcher, University College London
  • Tom Lee - Head of Research, Fundstrat Global Advisors
  • Tyler Spalding - CEO, Flexa
  • Veronica Wong - CEO, SafePal
  • Viktor Radchenko - Founder, Trust Wallet
  • Winpro Yan - Chief Editor, Mars Finance
  • Yele Bademosi - CEO, Bundle Africa
  • Zhuling Chen - COO, Aelf Blockchain
Stay tuned as speakers and more themes are announced in the coming weeks! For more details, read our blog post here and visit our event website here.
During the livestream, we will be holding special #BinanceTurns3 activities for viewers and giving away limited-edition prizes, swag, and collectible NFTs at various points throughout the livestream. Availability is limited! Register today!
Binance Awards 2020
Join Binance as we celebrate the standout innovators and businesses that have made sizable contributions, both to our community and to our blockchain ecosystem. Winners will be announced during our live event, and results will be published on our blog afterwards.
Register on Eventbrite today and tune in to the “Off the Charts” Virtual Conference on July 14, 2020, from 9:00 AM to 7:00 PM (UTC).
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Thank you to our partners for helping make this event possible!
submitted by Floris-Jan to aelfofficial [link] [comments]

After the Bitcoin crash: do others fear me for greed?

At 6:30 pm on March 12, Bitcoin dropped from $ 7211 to $ 5555.55. The bitcoin price dived again this morning, slumping nearly $ 2,000 again in half an hour, the lowest fell to $ 3,782.13, a drop of more than 40% in 24 hours. According to the data of the contract emperor, only Huobi, OKEx, Binance, and BitMEX exchanges had a daily short position of 3.133 billion US dollars, which reached the highest in a single day in history. The number of liquidated positions exceeded 110,000, which was also the highest in a single day.
Also on March 12, the S & P index fell 260.74 points, triggering the fusing mechanism for the second time this week. The Dow hit its largest decline in history, at 2352.6 points. The Nasdaq fell 750.25 points to 7201.8 points. This is the third time in the history of US stocks. This fuse has been 33 years since the first fuse, but only 4 days have passed since the last fuse. Buffett shouted, "I only lived this way in 89 years." It is reported that Buffett lost $ 6.8 billion last night.
According to incomplete statistics, with the exception of the United States, the stock markets of 11 countries including Canada, Mexico, Japan, South Korea, Thailand, India, the Philippines, Indonesia, Brazil, and Pakistan plummeted. The five largest US technology companies, Apple, Amazon, Google, Facebook, and Microsoft, had a cumulative market value of $ 416.63 billion. The Bloomberg Billionaires Index shows that the top 15 richest people in the world lost a total of $ 46.4 billion.
Market panic or pullback demand? Regarding the meltdown of U.S. stocks this week, Yang Delong, chief economist of Qianhai Open Source Fund, believes that the spread of the epidemic is not the main reason. It is more a decade of bull market for U.S. stocks. Some factors driving the rise of U.S. stocks are quietly changing, such as the Federal Reserve ’s interest rate There is not much space. Regarding this crazy drop in Bitcoin, Apocalypse Capital told InfoQ that there are two main reasons for this drop in Bitcoin: on the one hand, the bearish demand caused by the expected global economic downturn, and on the other hand, Bitcoin Callback requirements themselves.
As we all know, Bitcoin will be halved in the second half of the year, but the trading market pays attention to speculation expectations. This round of rise has essentially halved the market. After hitting a high of 10500, Bitcoin is facing a callback demand. Of course, this round of downtrends is so rapid and there are only a handful of recurrences in the history of Bitcoin, which are inextricably linked to the decline in global stock markets, both of which are the result of expectations of a bearish global economy.
However, Johnson Xu, chief analyst of TokenInsight, told InfoQ that the Bitcoin dip was mainly due to market panic, because some market participants bought bitcoins by buying mining machines, borrowing, etc., and expected to reduce their expectations by half. A linkage effect caused by everyone being too optimistic about the market.
The market is overhyped because Bitcoin is halved, and some market participants are afraid to miss the opportunity to enter the market irrationally. The current market slump is driven by strong irrational behavior, which translates into a rapid downside response and quickly depletes market buyers' liquidity (flattening down). When the overall financial market panic or other unexpected events are caused by the New Crown virus and the global economic slowdown, market participants often seek to withdraw assets such as stocks and bitcoins and convert these assets into cash (cash is king). So has the recent gold sell-off.
When the market panics, people ask for cash in the beginning instead of investing in safe-haven assets such as gold. At the same time, because gold is considered a high-quality asset, investors usually start with liquidity crunch and market panic. Cash in on good assets (because inferior assets are more difficult to sell in panic times). The Bitcoin crash this time has a certain connection with the decline in global stock markets, because the entire financial market is a globalized market, and there is more or less linkage between each asset.
In addition, Forbes speculated that it may be because PlusToken scammers transferred bitcoins worth more than 100 million US dollars to the mixer, and then sold bitcoins, resulting in rising market supply.

Other people are greedy, I am afraid, others are afraid of me, greedy? In this case, should investors still expect "halving the market"? Johnson Xu believes that there is no such thing as a "half quotation", and most market participants are too optimistic about the halving of Bitcoin. Price fluctuations are not necessarily caused by halving, but may be caused by the sum of other factors. When everyone is saying that they are optimistic about the market, the existence of risk is ignored in the subconscious. At this time, the risk will be actually reflected, and the upside will gradually shrink. Bitcoin halving was written into the code, and it was not an accident. Bitcoin should be halved in a rational way. It is worth looking forward to, but not overly interpreting and speculation.
However, Tianqi Capital believes that this plunge is a callback period for bitcoin's halving of the market, and each round of sharp decline also indicates the opportunity of the market outlook: cheap chips will be hoarded, waiting for the next wave of hype and explosion. Therefore, Tianqi Capital still believes that the market outlook of Bitcoin is worth looking forward to, provided that it is not frightened by the current fierce washing of the chips, after all, when the bear market is the worst, it is also when gold is everywhere.
Regarding the future trend of Bitcoin, Apocalypse Capital stated that it should judge according to the current trend.
In this round of market, Apocalypse Capital initially chose to follow the downward trend of May 18, and Bitcoin has gradually dropped from a high of 10,000 to 3150 points, so the big support level predicted by this round happens to be 3700 today. Near the point. Data monitoring shows that some funds are involved in this price range. But whether it can hold on to this support remains to be tested. If the 3700 support cannot be maintained, it is very likely that it will hit the US $ 2000 level. Tianqi Capital believes that this is the market's last line of defense. Long-term investment is recommended to buy some relatively stable targets, such as BTC, ETH, etc. The bear market will eliminate many currencies, but if it survives, it will shine in the next round.
Johnson Xu believes that the plunge is also a test to promote the healthy development of the industry. Extreme market is a test for the entire industry, especially for infrastructure, risk management, etc., so it is still optimistic and supports the development of the industry for a long time.
For current investors, Johnson Xu offers the following suggestions:
  1. Other people are greedy, I am afraid, others are afraid of me, greedy.
  2. Global financial markets have also undergone major changes. From the data point of view, I don't think Bitcoin has the attributes of a safe-haven asset, but this market can test whether Bitcoin has a certain risk-avoidance capability. This is a global world. We need to analyze various markets, not just the digital asset market.
  3. In the long run, we are still optimistic about the digital asset industry.
Does Bitcoin have a fusing mechanism? On March 9, after the U.S. stock market crash triggered the fusing mechanism, the market began a discussion of "whether Bitcoin should set up a fusing mechanism". But at present, most people are not optimistic about the Bitcoin fusing mechanism. OKEx CEO Jay Hao said that the fusing mechanism is difficult to implement in the digital currency market. In the face of a highly volatile market, setting the fuse point is a difficult problem. At the same time, for a 7 * 24h market, when a certain exchange breaks down, the price difference between the digital currencies between the platforms will increase, leading to arbitrage, and the fuse mechanism will eventually become a decoration.
Du Wan, the co-founder of Contract Emperor, also said that it is unrealistic to use a fuse mechanism in the currency circle. The fusing mechanism first violates the original intention of the decentralization of the blockchain, and at the same time, it will touch the interests of the top of the currency circle ecological chain. For example, large trading teams can no longer use pins to obtain large profits. When the market is panic, exchanges with a fuse mechanism may lose traffic to exchanges without a fuse mechanism because of the run effect of traders.
It can be seen that the current risk aversion measures in the traditional stock market are difficult to transfer to the fickle currency market in a short time, and the regulation of this market still has a long way to go. Investors should still be cautious when investing.
submitted by FmzQuant to u/FmzQuant [link] [comments]

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB

Summary:

BitcoinSoV is the worlds first Mineable & Deflationary currency*. It is based off of the 0xBitcoin EIP918 standard, and has a 1% token burn on every transaction as introduced to the world by BombToken. Both of these projects are very well respected, and hopefully this project is able to co-exist with them rather than compete. It is of my personal opinion that while these projects were stellar examples of what is possible, BitcoinSoV takes the best of the two and makes something that has long-term mass appeal.
The goal of BitcoinSoV is to become a Store of Value by fighting inflation, done through a fair start without a centralized body.

Note: There are some concerns that 0xBitcoin is deflationary by nature, so BitcoinSoV is not the first. I am not an economist, so I want to be forthright in the math. BitcoinSoV has a 1% burn that reduces the circulating supply for all transactions, in addition to having a Max Supply that 0xBitcoin has. I believe that this 1% burn is what makes the token deflationary when compared to 0xBitcoin or BTC itself. So while those may be deflationary once they meet their max supply (maybe call it non-flationary), BitcoinSoV is Actively Deflationary by nature of the transactional token burn.

Info:
Name: BitcoinSoV
Symbol: BSOV
Website: https://btcsov.com
Twitter: https://twitter.com/BSOV_
Telegram: https://t.me/BitcoinSoVCommunity
BitcoinTalk: https://bitcointalk.org/index.php?topic=5157386.0
Contract: https://etherscan.io/address/0x26946ada5ecb57f3a1f91605050ce45c482c9eb1#contracts
Precision: 8
Algo: Keccak256 (SHA3)
Mining Rewards: 50 BSOV per Block
Target Block Time: 10-13 Minutes (60 Ethereum Blocks)
Current Block Time: 1-2 Minutes.
Max Supply: 21,000,000 (theoretical max, it's already lower due to token burn)
Reward Halvening: 10,500,000 Tokens Mined
Expected Time To Halvening: ~5 years.
Expected Time to Max Supply: ~15 Years.
Burn Rate: 1% Per Transaction* (See notes below).


Mining:
The token is a mineable ERC20 token, allowing CPU/GPU/FGPA mining against the smart contract. Mining does require Ether to be spent on gas, as well as the cost of electricity.
As of right now, there has been about 20ETH spent in gas on mining this token, resulting in a circulating supply of 950,000 tokens.
All mining is done to the 0xBitcoin spec, all mining software for 0xBTC will work for BitcoinSoV.


Price and Exchanges:
The token is currently really easy to mine and should not be listed at an exchange at this time. When the difficulty increases and tokens become more scarce, applications will be submitted to popular exchanges. There is a great benefit here as the token has no developer fee or pre-mine, allowing it to be listed on the more difficult exchanges that adhere to US and EU compliance laws.
The token is currently listed on EtherDelta as a basic means to buy/sell, though it's encouraged to Mine these tokens at such an early stage.


Community Driven:
This token is a smart contract that has been launched, and barring any significant exploit found in 0xBitcoin, there is no plan to ever migrate away from it. As such, the token is completely operated by the community and has no plans to evolve into its own blockchain or anything else.
The community has come together to create videos, promotions, airdrops, bots, and more. If you are already participating, or get involved from reading this post and obtain a significant amount of BSOV, please consider donating to the marketing fund @ 0x88d97b2007e6aa6d728F003A32090C246EDf724E


Burn Rate:
All transactions have a 1% burn on the entire transaction, without rounding to the nearest whole number, which is where BSOV differentiates from BombToken. As such, you are able to send 0.0000001 BSOV and the precision is maxed out and cannot find 1%, in this case it errs on the side of caution and rounds down to 0, meaning 0.0000001 transactions have no burn. This is a calculated risk and accepted as the gas fee to abuse this would be significantly higher than what it's worth. I.e: You'd burn 15ETH to save 0.01 BSOV.
It is also possible to wrap this ERC20 token in a smart contract, allowing only burn to/from the contract, and the wrapped tokens to be traded without a burn. This is also the expected behavior on exchanges, as the movement of tokens on a centralized does not actually leave their network and as such does not burn until a user withdraws.


Other Details:
Since the token is decentralized and community driven, there is no marketing fund, or any real push to drive up price this early. Everyone is focused on the ecosystem and getting people involved at low cost right now. If you are wondering if this project has the steam to keep going, I encourage you to look at some of the stats.
I would suggest taking a look at 0xBitcoin to see how a similar token has thrived, and the performance of their early days. BitcoinSoV is currently outpacing 0xBitcoin's initial start when comparing number of miners, blocks mined, etc.
There is a limited supply of tokens to be used for giveaways and other marketing, so please follow the twitter or telegram group to know when and where to get your share.


Disclaimer:
I am currently mining BitcoinSoV and not affiliated with the creation of the project, just an active community member. I encourage everyone at this point to mine the token if possible, as you will see the greatest rewards that way. I fully anticipate price of this token to increase with time considering it's deflationary design, but no one really knows what will happen and I am not someone you should be taking financial advice from. Please invest either mining or purchasing at your own risk.
There may be stuff that I missed here, I am trying to best to be complete. If you have any questions please let me know and I will try my best to answer them.

Thanks!
submitted by RedditAdminUser to CryptoMoonShots [link] [comments]

Nuvmining | Planning To Profession Monero Cryptocurrency? Right here Are The Basics To Obtain You Begun

Among the core mandates of the blockchain innovation is to provide individuals with undeviating privacy. Bitcoin as the first ever decentralized cryptocurrency depended on this premise to market itself to the bigger audience that was after that in need of a digital money that is devoid of government meddling.
nuv mining
Sadly, in the process, Bitcoin confirmed to be swarming with a number of weaknesses consisting of non-scalability and also mutable blockchain. All the purchases and also addresses are composed on the blockchain therefore making it much easier for any person to connect the dots as well as introduce users' exclusive details based on their existing records. Some federal government and non-government companies are already utilizing blockchain analytics to read information on Bitcoin system.
nuvmining
Such problems have actually resulted in programmers checking out alternate blockchain technologies with better safety and speed. Among these projects is Monero, usually stood for by XMR ticker.
What is Monero?
Monero is a privacy-oriented cryptocurrency job whose primary aim is to offer far better personal privacy than various other blockchain ecological communities. This technology guard's customers' info via stealth addresses and Ring signatures.
Stealth address describes the development of a single address for a solo purchase. No 2 addresses can be pinned to a solitary transaction. The coins received enter into a totally various address making the entire procedure vague to an exterior viewer.
Ring trademark, on the various other hand, describes blending of account keys with public secrets hence producing a "ring" of multiple notaries. This implies a tracking agent can not link a trademark to a certain account. Unlike cryptography (mathematical technique of safeguarding crypto jobs), ring signature is not a newcomer. Its concepts were discovered and also taped in a 2001 paper by The Weizmann Institute as well as MIT.
Cryptography has actually absolutely won the hearts of numerous programmers and also blockchain enthusiasts, yet the reality is, it's still a nascent device with a handful utilizes. Since Monero utilizes the currently checked Ring trademark technology, it has established itself apart as a genuine task worth embracing.
Things to understand prior to you begin trading Monero
Monero's Market
Monero's market resembles that of other cryptocurrencies. If you want to buy it then Sea serpent, Poloniex, and Bitfinex are a few of the exchanges to see. Poloniex was the initial to embrace it complied with by Bitfinex and also lastly Kraken.
This online money mainly appears secured to the buck or versus fellow cryptos. A few of the readily available pairings include XMUSD, XMBTC, XMEUR, XMXBT and also many more. This currency's trading quantity as well as liquidity document great statistics.
Among the good things regarding XMR is that any individual can take part in extracting it either as an individual or by signing up with a mining swimming pool. Any type of computer system with substantially great processing power can mine Monero obstructs with a couple of missteps. Don't bother choosing the ASICS (application-specific integrated circuits) which are currently compulsory for Bitcoin mining.
Rate volatility
Regardless of being a powerful cryptocurrency network, it's not so special when it pertains to volatility. Basically all altcoins are exceptionally unpredictable. This must not stress any type of passionate investor as this factor is what makes them profitable in the very first place-you buy when prices are in the dip and also market when they are on a higher pattern.
In January 2015, XMR was opting for $0.25 after that did some jogging to $60 in Might 2017 and it's currently bowling above the $300 mark. Monero coin taped its ATH (all-time high) of $475 on January seventh prior to it started slumping together with various other cryptocurrencies to $300. At the time of this writing, virtually all decentralized currencies remain in rate modification stage with Bitcoin teeter-tottering between $10-11k from its remarkable ATH of $19,000.
Fungibility and also fostering
Thanks to its capacity to use trusted personal privacy, XMR has actually been taken on by lots of people making its coins to be easily substituted for other money. In basic terms, Monero can be easily traded for something else.
All Bitcoins in Bitcoin Blockchain are recorded down, and therefore, when an event like burglary transpires, every coin included will be steered clear of from operating making them nonexchangeable. With monero, you can not differentiate one coin from the other. Therefore, no vendor can decline any of them due to the fact that it's been connected with a negative event.
Monero blockchain is currently one of the most trending cryptocurrencies with a considerable variety of followers. Like many other blockchain jobs, its future appearances fantastic albeit the impending federal government crackdown. As an investor, you require to do your due diligence and research before trading in any kind of Cryptocurrency. Where feasible, look for assistance from economists in order to step on the appropriate path.
submitted by Nuvmining to u/Nuvmining [link] [comments]

Economist: This Strange Occurrence Suggests the Bitcoin Bottom is In (current BTC/USD price is $9,657.93)

Latest Bitcoin News:
Economist: This Strange Occurrence Suggests the Bitcoin Bottom is In
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

AMA Summary

By popular demand, I've taken the automatically-generated transcript of the AMA video and broken it down to bullet points. Of course, this is not a word-for-word transcription and I've paraphrased a few things, so it's highly recommended you watch it for yourself: https://youtu.be/FGOSDZbETr4
Team Goals/Priorities – seen in current and future job postings
Coin accessibility
Adoption
Project Apollo
Awareness about Aion (video choppy here)
Unity Economics
Building the next “Killer App”
Enterprise Ethereum Alliance
WinMiner
Hackathons
Awareness in developer communities
Marketing
Java developer interest
Integrations
Market position
MavenNet
TRS
Interoperability
Anthony “Pomp” Pompliano interview
(Video skipped)
Big Enterprises
Singularity University
Charles Hoskinson/IOHK/Cardano
Challenges as FoundeCEO
European presence
ConsenSys
Value to Aion
Interoperability (part 2)
Runway
Thank you so much for being patient with us. Stay tuned for our weekly AMAs from different members of the team, community surveys, and these quarterly video AMAs. There's going to be a lot more information coming out of the project especially as we wrap up Unity.
submitted by a_toad_a_so to AionNetwork [link] [comments]

The only ANY:ANY interoperability Project: Quant Overledger

Quant Company,Product: Overledger , Quant Health , GoVerifyTeam of CEO's: Gilbert Verdian , Paolo Tasca , Colin Paterson. (Rest of team: https://www.quant.network/our-people/)
This month (confirmed): SDK Release, Rebranding (Website done, to come: new video's , new foto's) ,Token Burn: Done! (CMC and Etherscan to be updated , have been contacted)This month(Estimated): 5 New exchanges, FTSE100 /Fortune 500 company's. (which are confirmed and signed, only planning on releasing press statement)
Overledger:Overledger is the blockchain operating system that enables interoperability between blockchains and connects the world’s existing networks and the Internet to blockchain.
Overledger encourages innovation by allowing developers to build applications across multiple ledgers or multi-chain applications (MApps), meaning that developers can harness the power of multiple individual blockchains to build the most effective solution instead of being confined to just one (‘single-ledger dependency’). Overledger not only enables blockchain-to-blockchain communication, it also takes things a step further and seamlessly connects existing networks and the Internet to blockchain, allowing Enterprises to harness the power of blockchain to address real-world challenges.
Overledger is already connect to: Bitcoin, Ethereum, Ripple and Hyperledger network. Of course way more to come.
This means a ledger, app (mapp) , company or any IoT device can be deployed, connected and function on every chain and real world internet as we know it today.
Quant Health: More info to come with new website. (this month's rebranding) They already had meetings with for example the department of Health (London) and more.
GoVerify: GoVerify is a new system to verify if a caller, texter or emailer is the legit person behind this. They already are deploying this on banks and there is a huge demand for it. Trusttag so to call.
Partners: As stated, We have more than one fortune 500/FTSE 100 company signed. We are going to the press release cycle now. They work with Governments, Lloyd's bank and China's ministry of Commerce and more governments.Also if seen here under Gilbert Verdian has a patented ISO Standard were 44 governments work with.
Gilbert Verdian:"Gilbert is a technologist with an upbringing in business and a deep background in technology and security.
Having over 20 years of industry experience he has worked across Government in Downing St, HM Treasury, Cabinet Office, Ministry of Justice and NSW Health and private sector at CSC, EY, HSBC and BP.
Having a keen interest in disruptive technology, he’s the founder of the Blockchain ISO Standard TC307 and is the Chair of the UK’s national committee on Blockchain and Distributed Ledger technologies (DLT/1).
He’s actively working to advance technology in the areas of AI, Cybersecurity, Blockchain and FinTech."
Paolo Tasca:
"Paolo Tasca is a Digital Economist, an expert on digital innovation with salient expertise on Blockchain technologies and Complex Systems.
We stand on the brink of a fourth industrial revolution, which will fundamentally alter the way we live, work, and relate to one another. New technologies are dramatically transforming our economic systems, and our society in general, into something very different from what we were used to thinking about over the last few decades."
Colin Paterson:"Colin is a technology innovator with a background in Information, Cybersecurity and AI.
He calls on his years of cross sector experience in; Health, Defence, Finance and Utilities combined with his passion for new and emergent technologies to solve real world problems.Working to democratise blockchain development he is seeking along with the other founders of Quant to help developers unchain the full potential of ledger technologies."
The team has connections over the whole world, aiming to be the most enterprise experienced team in the crypto space. They have spoken with many company's like PwC and such. On the telegram you can find much more answers of them, and they are very active (outside the Telegram). Every monday the team joins telegram to answer all questions. (AMA)
They are not hyping there project, they are building the future.4Chan recently catched upon this project, and the volume and price is already rising.
Circ Supply: 9.9M
Total: 14m~Mcap: ~11.6M
Token Burn executed last friday, CMC and Etherscan are contacted about it.
Also quote from the CEO in recent AMA:
Q: Heard a few months back that new exchange(s) will come end of September. This still so?
A: That's our plan
Q: Do you foresee an ability to use a mApp to create an exchange overlaying other DEX's such as IDEX & SDEX to increase liquidity for the user and getting the best market twice between each DEX? I need to brush up more on mApps
A: Yes that has been on our radar from the very benginning to create a a true Decentralised Exchange on top of Overledger. It needs the right regulatory licenses and approval. Something possibly we can do ourselves in the future.
Also he recently (before AMA) confirmed that they were free to get listed on exchanges by there lawyers. In their period after ICO they have been transparent they only wanted to get listed when FINMA regulation approves and finally it is. Also they mentioned they have contact with some good exchanges, and also they will get listed on an enterprise exchange later this year (?).
NOTE:Website is still being worked on (formatting and additional info)
website: https://www.quant.network/ (still to be finished because rebranding just happend)
Competitive analysis: https://medium.com/@TetraGravity/quant-network-a-competitive-analysis-73a3c88df1c6Blockchain Brad Interview (Really good for understand): https://youtu.be/LxaBioLmlR0
submitted by MysticFlare to CryptoCurrency [link] [comments]

The Statue of Liberty, Mystery Babylon, Freemasonry and The New Roman Empire / Fourth Reich

The Mother of Exiles and the Destruction of Babylon

I've always thought Mystery Babylon in Revelations was America. Lots of signs point to that. Inanna/Ishtar was known as the Whore of Babylon and Mother of Prostitutes because she supposedly started the practice of sacred prostitution. Inanna was the goddess of love, beauty, sex, desire, fertility, war, combat, justice, and political power.
https://en.wikipedia.org/wiki/Sacred_prostitution
Sacred prostitution, temple prostitution, cult prostitution,[1] and religious prostitution are general terms for a sexual rite consisting of sexual intercourse or other sexual activity performed in the context of religious worship, perhaps as a form of fertility rite or divine marriage (hieros gamos). Some scholars prefer the term sacred sex to sacred prostitution in cases where payment for services was not involved.
But some scholars believe that this practice never existed and has been misunderstood.
The practice of sacred prostitution has not been substantiated in any Ancient Near Eastern cultures, despite many popular descriptions of the habit.[7] Through the twentieth century, scholars generally believed that a form of sacred marriage rite or hieros gamos was staged between the king of a Sumerian city-state and the High Priestess of Inanna, the Sumerian goddess of sexual love, fertility, and warfare, but no certain evidence has survived to prove that sexual intercourse was included. Along the Tigris and Euphrates rivers there was a temple of Eanna, meaning house of heaven[8] dedicated to Inanna in the Eanna District of Uruk.This will be relevant in my next post about the source of Yahweh's narcissism but for now, I'm just using this to illustrate part of the reason I think America is Babylon.
http://4.bp.blogspot.com/-KlpGZ9JO_d4/U0P2Y-3kfEI/AAAAAAAAMJs/PEwa9mPU67w/s1600/Lady+Liberty+-+Statue+of+Liberty+-+Inanna+-+Ishtar+-+Anunnaki.jpg
https://2.bp.blogspot.com/-tSRx02UBNgI/U0P3ep3x4TI/AAAAAAAAMJ0/rtpe2JWA2ew/s1600/Roman+statue+goddess+libertas+-+staue+of+liberty.jpg
The Statue of Liberty is a representation of the Roman goddess Libertas. Which is a goddess that derived from many other goddesses: Inanna, Ishtar, Isis, Aphrodite, Venus, etc. Ultimately this goddess was transformed in a personification of America and liberty called Columbia. And just like Inanna, is it any wonder America seems to have 2 split sides to it? One side that is sexually repressed and all about virtue. And another that is obsessed with sex, violence, war
https://en.wikipedia.org/wiki/Columbia_(name)
There's also the fact that the way Babylon is described sounds a lot like America. Getting the whole world drunk on our luxuries and riches, being arrogant and being fools who know nothing. This sounds like America too.
The Sumerians worshipped Inanna as the goddess of both warfare and sexuality. Unlike other gods, whose roles were static and whose domains were limited, the stories of Inanna describe her as moving from conquest to conquest. She was portrayed as young and impetuous, constantly striving for more power than she had been allotted.
Inanna also was depicted as riding a Lion and she associated with the planet Venus.
https://i.pinimg.com/originals/fc/b2/6e/fcb26ee6c838d85f53dada348b1d9863.jpg
http://www.mesopotamiangods.com/wp-content/uploads/2014/08/3a-Anu-Inanna-1.jpg
https://goddessinspired.files.wordpress.com/2012/06/inanna-descent.jpg
Regulus is a part of the constellation Leo and considered "the heart of the lion". Considering Regulus is a very important star in Trump's birth chart apparently, and that star was known as The King in Babylon (known as the little king as well in other places), that would make Trump the King of Babylon.
In 2014, Regulus was eclipsed by an asteroid for 14 seconds right over New York.
https://www.nymetroweather.com/tag/regulus/
An asteroid will pass directly in front of Regulus, one of the brightest stars in our night sky, next Wednesday — briefly blacking out the star in what astronomers are calling a “once in a lifetime” event. Better yet, New York City falls directly within the viewing path which is literally paper-thin on the earths scale. The event is so small, and so brief, that it will only be visible over a sliver of area. And this area happens to encompass millions of people in New York City, Northeast NJ and Long Island.
https://www.space.com/25084-regulus-star-lion-constellation-leo.html
On Thursday, March 20 2014, Regulus will participate in a rare celestial event when an asteroid passes directly in front of the star, as seen from Earth. The asteroid in question is 163 Erigone. Asteroid 163 Erigone is about 45 miles (72 km) wide, but its "shadow" slanting to Earth's surface will be 67 miles (108 km) wide.
Erigone's shadow will move on a southeast-to-northwest trajectory and will extend from New York City as well as western and central Long Island to Oswego in New York State, and then continues northwest, the length of Ontario to the Hudson Bay shore of Manitoba. Those who are within the shadow path and watching at just the right moment with just their eyes will see an amazing sight: Regulus will seem to abruptly disappear as if a switch had been thrown, blotted out by the tiny invisible asteroid.
Regulus will remain invisible for up to 14 seconds (for those situated along the center of the path); an incredible, albeit very brief occurrence.
This "once in a lifetime event" eclipsing right over New York. Where the Statue of Liberty is.
Revelations 17
There I saw a woman sitting on a scarlet beast that was covered with blasphemous names and had seven heads and ten horns. 4 The woman was dressed in purple and scarlet, and was glittering with gold, precious stones and pearls. She held a golden cup in her hand, filled with abominable things and the filth of her adulteries. 5 The name written on her forehead was a mystery:
15 Then the angel said to me, “The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages. 16 The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority, until God’s words are fulfilled. 18 The woman you saw is the great city that rules over the kings of the earth.”
America's colors are red, white and blue. Red+Blue = Purple. Purple apparently represents royalty as well as vanity. Scarlet represents the blood of Christ and martyrs.
The woman was dressed in purple and scarlet
https://en.wikipedia.org/wiki/Purple
The color purple is also associated with royalty in Christianity, being one of the three traditional offices of Jesus Christ, i. e. king, although such a symbolism was assumed from the earlier Roman association or at least also employed by the ancient Romans.
In Europe and America, purple is the color most associated with vanity, extravagance, and individualism. Among the seven major sins, it represents vanity. It is a color which is used to attract attention
https://en.wikipedia.org/wiki/Scarlet_(color)
In the Roman Catholic Church, scarlet is the color worn by a cardinal, and is associated with the blood of Christ and the Christian martyrs, and with sacrifice.
According to this, the creator wanted the Statue of Liberty to be covered in gold.
and was glittering with gold
https://parade.com/311395/viannguyen/10-things-you-didnt-know-about-the-statue-of-liberty-she-was-almost-gold/
**8.Bartholdi planned for the statue to be covered in gold.**In order to make the statue visible after dark, Bartholdi proposed that Americans raise the money to gild her. However, given how daunting and arduous a task it had been to gather even enough money to place the statue in New York harbor, no one followed through on paying the enormous cost of covering the massive statue in gold.
Not to mention this little interesting fact that brings the 2nd Beasts actions that are spoken of to mind.
:The second beast was given power to give breath to the image of the first beast, so that the image could speak and cause all who refused to worship the image to be killed.
:**9. Thomas Edison once had plans to make the statue talk.**When Edison introduced the phonograph to the public in 1878, he told the newspapers that he was designing a “monster disc” for the interior of the Statue of Liberty that would allow the statue to deliver speeches that could be heard up to the northern part of Manhattan and across the bay. Thankfully, no one pursued that strange promise, which would have led to the odd experience of walking in New York and suddenly hearing the Statue of Liberty “talking.”
precious stones and pearls.
http://justfunfacts.com/interesting-facts-about-the-statue-of-liberty/
There are 25 windows in the crown which symbolize gemstones found on the earth and the heaven’s rays shining over the world.
https://www.theatlantic.com/technology/archive/2016/10/that-time-the-statue-of-liberty-almost-got-a-glowing-wrist-watch/504110/
The sculptor Frédéric Auguste Bartholdi designed the statue to be fully illuminated, a feature that’s suggested in its official name, “La Liberté Eclairant le Monde,” or “Liberty Enlightening the World.” (At first the Statue of Liberty doubled as a lighthouse, given its position in the New York Harbor, but that didn’t last: It was decommissioned as such in 1902.)
Originally the lighting scheme was to be red, white, and blue—with a giant searchlight trained on the statue’s face and shoulders. Officials claimed in 19th-century newspaper accounts that they would make the statue so bright as to cast a glow on the clouds of the night sky 100 miles away. The statue’s face was to be lit by a reflector so bright that newspapers described it as “4 million candle power.” Her diadem was meant to sparkle with electric light. These were lofty goals in the dawn of the electrical age, and they carried symbolism that has lost much of its potency now that electricity is taken for granted.
https://thumbs.dreamstime.com/b/torch-statue-liberty-closeup-isolated-white-background-56181619.jpg
She held a golden cup in her hand, filled with abominable things and the filth of her adulteries.
In the torch, the flames are covered in gold. Looks enough like a cup. Also, in Isaiah 14:12 (another prophecy detailing the fall of Babylon that I didn't bother copying and pasting all of here) it refers to Babylon (or it's king) as "Lucifer, son of the morning". Lucifer means "light bringer" (hence the torch and the statue's original name being Liberty Enlightening the World) or "morning star" which is another name for the planet Venus which is associated with Inanna/Ishtar.
How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!
https://twistedsifter.files.wordpress.com/2014/07/statue-of-liberty-from-above-aerial-satellite-photo.jpg
Notice how that star shape has 11 points? Seems like a strange number.
The beast and the ten horns you saw will hate the prostitute. They will bring her to ruin and leave her naked; they will eat her flesh and burn her with fire. 17 For God has put it into their hearts to accomplish his purpose by agreeing to hand over to the beast their royal authority
The 10 kings + the beast = 11.
The seven heads are seven hills on which the woman sits. They are also seven kings.
It has 7 spikes coming out of the head.
https://timedotcom.files.wordpress.com/2013/06/01_00240318.jpg?quality=85
We're a very diverse country and Lady Liberty represents us taking in people from all countries. We pretty much control the world (for now) as the 7 hills represents the 7 continents, which is literally what is said they represent. Plus she's literally sitting on an island in the water.
Then the angel said to me, “The waters you saw, where the prostitute sits, are peoples, multitudes, nations and languages.
The creator of the Statue of Liberty, Frédéric Auguste Bartholdi, was a Freemason and they placed this plaque at the base of the statue.
https://untappedcities-wpengine.netdna-ssl.com/wp-content/uploads/iyftc1oqf704bytwz45ub151.wpengine.netdna-cdn.com/wp-content/uploads/2014/11/Statue-of-Liberty-Freemason-Cornerstone-NYC.jpg
Masonic theories abound about the Statue of Liberty’s connection to the masons. Those who do ascribe to the theory cite Bartholdi’s and Eiffel’s membership in the Freemasons, that many original plans for the statue demonstrate the link and that many elements of the statue carry symbolic meaning.
In addition, the masons presided over the cornerstone laying for the Statue of Liberty, a moment commemorated in a 1984 plaque in dedication to the masons on the 100th anniversary. In 1884, the grand master William A. Brodie laid the cornerstone with grand lodge members present. Brodie is reported to have said, “Why call upon the Masonic Fraternity to lay the cornerstone of such a structure as is here to be erected? No institution has done more to promote liberty and to free men from the trammels and chains of ignorance and tyranny than has Freemasonry.”
Then there's the poem that is inside the base.
The New Colossus
Not like the brazen giant of Greek fame,With conquering limbs astride from land to land;Here at our sea-washed, sunset gates shall standA mighty woman with a torch, whose flameIs the imprisoned lightning, and her nameMOTHER OF EXILES. From her beacon-handGlows world-wide welcome; her mild eyes commandThe air-bridged harbor that twin cities frame.
"Keep, ancient lands, your storied pomp!" cries sheWith silent lips. "Give me your tired, your poor,Your huddled masses yearning to breathe free,The wretched refuse of your teeming shore.Send these, the homeless, tempest-tost to me,I lift my lamp beside the golden door!"
The Mother of exiles.

Prophecies of the Destruction of Babylon / America / New York

Jeremiah 51
45 “Come out of her, my people!Run for your lives!Run from the fierce anger of the Lord.46 Do not lose heart or be afraidwhen rumors are heard in the land;one rumor comes this year, another the next,rumors of violence in the landand of ruler against ruler.47 For the time will surely comewhen I will punish the idols of Babylon;her whole land will be disgraced
Well, we're definitely hearing of rumors of violence here in America and if there aren't rumors of ruler against ruler, we're going hear them soon.
The Bible details the destruction of Babylon a few different times. Mystery Babylon seems to be a new Babylon, different than the one in Biblical times, that gets destroyed at the end. Everything described here sounds like America and the King of Babylon being Trump. The capital being New York.
With the eclipse of Regulus in 2014 for 14 seconds right over New York. I think they might get hit with something major. Maybe a hurricane. This season is suppose to be bad and FEMA is saying they are completely unprepared. I'm sure that wasn't on purpose or anything. I think maybe a big earthquake might happen soon too in the next month. Seeing a lot of weird shit. A lot of polarity with the planets and asteroids. I think it's all connected to our polarity as the Trump Delusion continues. You seeing these reports and videos of these racist people just saying mean shit to people all over the place now for no reason? They're lashing out because they're scared their delusion bubble might burst so they're acting out. It's only going to escalate until both sides completely lose their fucking minds.
OLD TESTAMENT, ISAIAH, JERMEMIAH
https://www.biblegateway.com/passage/?search=Isaiah+13&version=NIV
https://www.biblegateway.com/passage/?search=Isaiah+14&version=NIV
https://www.biblegateway.com/passage/?search=Isaiah+21&version=NIV
https://www.biblegateway.com/passage/?search=Jeremiah+50&version=NIV
https://www.biblegateway.com/passage/?search=Jeremiah+51&version=NIV
NEW TESTAMENT, BOOK OF REVELATIONS
https://www.biblegateway.com/passage/?search=Revelation+17&version=NIV
https://www.biblegateway.com/passage/?search=Revelation+18&version=NIV
https://www.biblegateway.com/passage/?search=Revelation+19&version=NIV

The New Roman Empire / Fourth Reich & The Double Headed Eagle of Lagash

http://watchmanscry.com/?p=6230
Welcome to General Election 2016 – The Transition
The Hegelian Dialectic is the transition of things. And the Illuminati loves to use it. We have been expecting it.
We have read about it. And now it is here, in front of our faces. And many are IGNORING it.
Folks, we are witnessing Hegelian logic on display.
How we got here is an aside, but here we are. The disease is Hillary, and the medicine is Trump. For most folks, that’s all that matters. Case closed. What most citizens do not realize is that this is all a ruse. A mirage.
It is being carried by, “they.”
“They” are using the illusion, because America was stationary and stubborn.
“You can’t New World Order me!” Americans said, “…Because we know about you.”
Did the globalists go away and cry in their beer? Nope. They knew this would happen. It was expected. Butsome of the citizens heard a few radio shows that told them, “we’re gonna win.”
Hegel’s dialectic utilizes the “mirage.” And then steers the people through its house of mirrors with scary monsters. In America’s case, the monster is a short woman with a trucker’s voice named Hillary. Their task is simple. Globalism. But how do they get there?
Simple:
Scare them with the Thesis – Hillary / the Enemy of Freedom.
And offset her with the Anti-thesis – Donald the Lion-Hearted / Champion of the People.
…Next stop – the Synthesis. Ashes with a rising phoenix.
It's right there in front of us. Do you see it folks?
This is also known as
Problem > Reaction > Solution
Ultimately this is leading to:
Problem: Trump vs Deep State
Reaction: Global Disaster
Solution: One world government and one world currency
They say this is a double headed eagle, it's not. It's a double headed Phoenix. And it's the symbol of the Scottish Rite of Freemasonary.
http://uscnjpha.org/history/double-headed-eagle/
http://uscnjpha.org/wp-content/uploads/2015/11/F.png
“The Double Headed Eagle of Lagash” is the oldest Royal Crest in the World… No emblematic device of today can boast of such antiquity. Its origin has been traced to the ancient city of Lagash. It was in use a thousand years before the Exodus from Egypt and more than two thousand years before the building of “King Solomon’s Temple.”
“As time rolled on, it passed from the Sumerians to the men of Akkad, from the men of Akkad to the Hittites, from the denizens of Asia Minor to the Seljukian Sultans from whom it was brought by the Crusaders to the Emperors of the East and West, whose successors were the Hapsburgs and the Romanoffs.”
“In recent excavations, the city-emblem of Lagash was disclosed also as a lion headed eagle sinking his claws into the bodies of two lions standing back to back. This is evidently a variant of the other eagle symbol”.
“The city of Lagash is in Sumer in Southern Babylonia, between the Euphrates and the Tigris and near the modern Shatra in Iraq, Lagash had a calendar of twelve lunar months, a system of weights and measures, a banking and accounting system and was a center of art, literature, military and political power, five thousand years before Christ”.
“In 102 B.C. the Roman Consul Marius decreed that the Eagle be displayed as a symbol of Imperial Rome. Later, as a world power, Rome used the Double-Headed Eagle, one head facing the East the other facing the West, symbolizing the universality and unity of the Empire. The Emperors of the Holy Roman Empire continued its use and the symbol was adopted later in Germany during the halcyon days of conquest and imperial power”.
So far as is known, the Double-Headed Eagle was first used in Freemasonry in 1758 by a Masonic Body in Paris – the Emperors of the East and West. During a brief period the Masonic Emperors of the East and West controlled the advanced degrees then in use and became a precursor of the “Ancient Accepted Scottish Rite”.
The Latin caption under the Double-Headed Eagle – “Spes Mea in Deo Est” translated is “My Hope Is In God”.
A part of this sounds familiar
“In recent excavations, the city-emblem of Lagash was disclosed also as a lion headed eagle sinking his claws into the bodies of two lions standing back to back. This is evidently a variant of the other eagle symbol”.
https://i.pinimg.com/originals/6f/a6/cb/6fa6cb2757061c76d7aa6ea211e2868c.jpg
https://goddessinspired.files.wordpress.com/2012/06/inanna-descent.jpg
In 102 B.C. the Roman Consul Marius decreed that the Eagle be displayed as a symbol of Imperial Rome. Later, as a world power, Rome used the Double-Headed Eagle, one head facing the East the other facing the West, symbolizing the universality and unity of the Empire. The Emperors of the Holy Roman Empire continued its use and the symbol was adopted later in Germany during the halcyon days of conquest and imperial power”.
So far as is known, the Double-Headed Eagle was first used in Freemasonry in 1758 by a Masonic Body in Paris – the Emperors of the East and West. During a brief period the Masonic Emperors of the East and West controlled the advanced degrees then in use and became a precursor of the “Ancient Accepted Scottish Rite”
So it represented the universality and unity of the Empire of Rome and was later adopted by Germany during their days of conquest and imperial power. For these Freemasons, it represents two emperors, one from the east and one from the west coming together to create one empire. Hmm.. I wonder if that has any significance to today's world.
https://st2.depositphotos.com/8575830/12480/i/950/depositphotos_124801418-stock-photo-russian-two-headed-eagle-coat.jpg
https://www.rbth.com/history/327634-why-is-double-headed-eagle-a-symbol-of-russia
The imperial bird with two heads simultaneously facing East and West has been Russia’s official coat of arms for centuries, with only a break during the Soviet era. The emblem, however, is far older than the country, with roots dating to ancient civilizations.
An eagle on a country’s coat of arms is quite common – this bird is as popular a national symbol as the lion. “He is the king of birds; just like the lion is believed to rule all animals, and he is associated with the cult of the sun,” Georgy Vilinbakhov, head of Russia’s Heraldic Council, explains.
http://www.deadlinenews.co.uk/2012/01/17/donald-trump-at-last-awarded-the-scottish-coat-of-arms/
https://upload.wikimedia.org/wikipedia/commons/thumb/3/3f/Coat_of_Arms_of_Donald_Trump.svg/2000px-Coat_of_Arms_of_Donald_Trump.svg.png
http://revelationtimelinedecoded.com/wp-content/uploads/2016/11/phoenix3.jpg
So Trump's new coat of arms has the same symbol as Russia which symbolizes 2 empires, one from the east and one from the west, combining into one.
Does the way they dress look familiar to anyone?
http://uscnjpha.org/wp-content/uploads/2014/02/uscnj.png

The Rise of The Phoenix and One World Currency

https://socioecohistory.wordpress.co...mist-magazine/
Source: Economist; 01/9/88, Vol. 306, pp 9-10
https://socioecohistory.files.wordpress.com/2014/07/theeconomist-phoenix_get_ready_for_world_currency_by_2018.jpg
Title of article: Get Ready for the Phoenix
THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder
The new world economyThe biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.
In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.
The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.
As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.
The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.
https://medium.com/@torrmara/1988-crypto-prophesy-from-the-economist-e201ab28aa26
So it was a random Sunday: bed, eat, repeat until I went online and I saw a link by a new user called @limon. There was a small introduction to a YouTube video which at first glance didn’t look interesting, but what the hell? Lets read this.
https://cdn-images-1.medium.com/max/...lLpi-xYDCw.png
He talked about an article from The Economist, year 1988, coin, phoenix and then Zoin… wtf?
Anyways, I opened the link (don’t open links from strangers) and watched the video in Youtube, (it’s in Spanish)
@limon claims in the video (minute 5) that he actually found a not so well know cryptocurrency (yet) by doing some research on an article from 1988 and he is somehow convinced it’s going to be huge. Yes, @limon saw the writing and thought maybe I should check this and find out which is the coin of the future.
As crazy as it seems, finding a cryptocurrency by doing research on a 1988 magazine its quite incredible. Is it a coincidence or is it a prediction? Not even @limon knows, but there’s a few things that can blow up your mind here.
This is the article from 1988. It claims that there will be a currency (referred as “phoenix”) that will be used by everybody in several countries in 2018.
So yes, you all might say “the coin is called the Phoenix”. There’s actually a coin called Phoenixcoin but that didn’t seem to convince @limon once he checked it out in www.coinmarketcap.com (it sucked even for @limon who wanted to believe with all his heart)
But @limon didn’t give up, he thought what if its hidden? So he decided to take a closer look at the magazine cover.
https://cdn-images-1.medium.com/max/...LKufsoJVug.png
He noticed that he could read the letters backward (um…interesting)
https://cdn-images-1.medium.com/max/...Ir1KSVOMbw.png
He got XIN3ONd NET by reading the cover letter backwards and he said well, XIN is Chinese, and found out in google translator that XIN meant NEW.
Then 3ONd he looked at it and thought this is Russian… and it was. That weird word that would not mean anything to someone meant something for @limon so he decided to google translate it.
https://cdn-images-1.medium.com/max/...uui5nS3hFg.png
Well yeah 3ONd is Russian and means ZOI, but wait is this a coin? @Limon decided to search “ZOI” in www.coinmarketcap.com.
https://cdn-images-1.medium.com/max/...LN2UCCLQwg.png
WOW, Zoin existed. He ended up with the sentence NEW ZOI NET, in which Zoi was an actual currency.
He starting searching now all about Zoin (DYOR) and liked everything he saw. The team, the community and development its very much updated.
Got even more carried away when he saw Zoin’s logo:
https://cdn-images-1.medium.com/max/...4CV6Ln5sFQ.png
https://cdn-images-1.medium.com/max/...y75KEGoyHQ.png
And when he researched even deeper, he found out that ZOIN was left by its first developer and got taken over by its community from all over the world.
Yes, Zoin emerged from the ashes. What? wait. Zoin is also a Phoenix.
Anyways, @limon found all the signs of a prophecy from 1988.
He couldn’t wait so he joined Zoin’s community and shared his video.
By the way he bought some Zoin. After finding the last lost prophecy he had no plans on missing out.
Check all about Zoin in the following links.
You can reach out to the team on Discord, website address is www.zoinofficial.com and their twitter @zoinofficial
You better don’t miss it. Its a prophecy.
Thank you limon.
@torrmara
Notice the year on the coin and at the end of the article, 2018. "Pencil in the phoenix for around 2018, and welcome it when it comes". Trump and Russia both have a double headed Phoenix signifying the union of an Empire. This article talks about a one world currency called "Phoenix" coming in 2018. The number 10 upside down is 01. It's a bit on a coin
https://en.wikipedia.org/wiki/Phoenix_(currency))
I posted about an Israeli company that can do things with blockchain and DNA in my previous postings on this topic. I think that this will have something to do with the Mark of the Beast.
https://techstartups.com/2018/05/10/genetic-blockchain-startup-dnatix-releases-first-blockchain-based-open-source-dna-compression-tool/
https://www.dnatix.com/
https://nulltx.com/carverr-wants-to-embed-bitcoin-private-keys-into-strands-of-dna/

Trump is the Tip of the Spear for the NWO Plan

Notice the spear tip coming out of the Phoenix's head on the cover of the Economist magazine? Trump. has a spear on top of both of his coat of arm. Trump is the tip of the sphere. I think once he's fulfilled his purpose in wrecking everything and nuking North Korea, I think they might have someone take him out. Then things would get even crazier.
https://i0.wp.com/www.show-notes.info/thisisit4321/gallery3/vaalbums/SPECIAL-PROJECTS/Welcome-to-the-World-of-Good-and-Evil/TRUMP/TRUMP%20-%20D2.jpg
https://i0.wp.com/www.show-notes.info/thisisit4321/gallery3/vaalbums/SPECIAL-PROJECTS/Welcome-to-the-World-of-Good-and-Evil/Album-number-7/Donald%20Trump%20Tip%20of%20the%20Spear.jpg
https://thelightinthedarkplace.files.wordpress.com/2018/03/donald20trump20front20and20center.jpg?w=816
https://thelightinthedarkplace.files.wordpress.com/2017/04/trump20tower201.jpg?w=816

My Other Posts on This Topic

https://www.reddit.com/conspiracy/comments/8tuwr1/what_do_these_2_very_obvious_signs_say_to_you/
https://www.reddit.com/conspiracy/comments/8vth1i/trumps_space_force_nesara_and_the_mark_of_the/
submitted by Oblique9043 to conspiracy [link] [comments]

[Article] Debunking the theory that a "deflationary" currency cannot be the basis of a functioning economy

Many economists argue that a low level of inflation (approx 1-2%) is required in order to maintain a productive and functioning economy. This is evidenced in the fact that most central banks have low level inflation as a target of their monetary policy objectives: The European Central Bank, Bank of England, and the Federal Reserve to name a few [1].
As a result, detractors of bitcoin say that it can never become a currency as it is deflationary in nature [2]. That is, there will only ever be 21 million bitcoin in existence. This means that over time once all of these coins are in circulation, there will be no new supply of bitcoin, and so any demand increase will result in a price increase. Currently there is around 4.3% annual inflation of Bitcoin's supply [3], and by 2028 that is projected to fall to below 1% [4]. Furthermore, if the anonymous 'Satoshi' has truly vanished then there are another 1M coins out of circulation [5]; and some studies suggest the total number of lost bitcoin is nearing 3M coins [6], a number that can only increase over time.
Due to these 'missing' bitcoins, the supply of Bitcoin will become increasingly scarce, and so their value is expected to rise given a constant or increasing level of demand. This means that goods and services will fall relative to their bitcoin valuation, resulting in deflation (deflation = the price level of goods & services in an economy decreasing). The traditional argument then goes as follows: due to goods & services becoming cheaper over time, saving is incentivized. After all, why would one buy a car for 1000 bits when it can be purchased for 998 bits tomorrow? A common example people point to as evidence for this is the infamous 10,000 BTC pizza purchase in 2010 which at today's valuation costs 100M USD [7].
However, this argument against bitcoin as a currency is flawed on two levels.
(1) When pointing to examples such as the pizza purchase, or the rapid increase in bitcoin's value, people are misattributing the cause of the deflation by assuming it is to do with bitcoins supply. In fact, in the years since the pizza purchase, the total supply of bitcoin has increased from 3 million BTC to 16 million BTC. This is a more inflationary supply increase than even the USD over the same period of time [8]. The real causes of bitcoin's price increase (and thus deflationary properties) in this period can be attributed to the parabolic nature of adoption that bitcoin has seen since its creation [9]. When looking at the practical nature of bitcoin as a world currency, and then drawing stats from the coin in its infancy, you are committing the fallacy of false equivalency [10] as the evidence presented is from a period of increasing adoption while a global currency would imply full or near full adoption. At the 'early adopters' stage we will see major +/- % fluctuations regularly, however if worldwide adoption was to be achieved then these value changes would be far smaller and much less significant. For example, the dollar, the world reserve currency, fluctuates on average by 92 pips in a day (1 pip = 0.0001 USD). Applying this same level of stability to a mass adopted bitcoin, and we see that the price fluctuations would become far smaller and less significant the greater the capitalization of the currency. Thus, in order to assess the viability of bitcoin as a world currency, one must start with a situation where bitcoin is a world currency in the first place.
(2) The second flaw of this argument is to assume that deflation will always lead to a deflationary spiral and thus collapse of the economy. With this same logic, one could argue that inflation will always lead to an inflationary spiral and thus an economy collapse as people see price levels rising, and thus are incentivized to spend their money NOW before they increase any further. This then leads prices to rise further and the effect to spiral out of control. CLEARLY though we can see that inflation does not always lead to an inflationary spiral as all western economies operate on an inflationary model. And thus to try use this logic that is empirically flawed as an argument of deflation is self defeating: Levels of inflation will not always lead to inflationary spirals, and levels of deflation will not always lead to deflationary spirals. It is this excessive quantity of inflation or deflation that will result in a spiral, not the attributes of inflation or deflation in isolation.
In the same way that 1-2% inflation per year is small enough to not trigger an inflationary spiral of panic, a small amount of deflation on a yearly basis would not trigger this deflationary spiral. In fact, we have evidence to support this claim. In the UK over the period of 1983-2006 we had interests rates that were higher than the rate of inflation [11], this would mean that consumers are incentivized to save instead of spend as they would have greater purchasing power in the future(i.e. there is deflationary pressure), yet we did not see an economic meltdown during these times. What we actually saw over this time period was a DECREASE in the savings ratio of the average UK household [12], from around 15% of income to just under 10% despite the fact that any money saved would have compounded 5% more inflation adjusted purchasing power per annum. At first this might seem to be irrational behavior but there are some speculative reasons as to why this was the case. One theory suggests that consumers do not notice inflationary or deflationary pressures in small quantities and thus do not make economic decisions based on them. Another one would say that despite the deflationary pressures, there are some purchases that are necessary and therefore cannot be delayed. i.e. the supermarket shop might be a small % cheaper in 1 years time, but it is necessary to do it now in order to survive. Finally, it can also be argued that as deflationary pressures make consumers feel wealthier, they are more inclined to go out and spend this wealth, thus decreasing their savings rate.
The arguments presented above show that perhaps Keynesian economic thinking is too narrow, and that an economy can be run on the back of a currency with deflationary pressures as these pressures in the right quantity will not result in a deflationary spiral, and have the advantage of not eroding the wealth of the population in a way that benefits the wealthy and hinders the poor (see: threshold effects of inflation for more information on this matter). While this article has argued that a deflationary currency can run an economy, it is a topic of future article to discuss which model of the economy is preferable.
Till next time,
Logical Crypto
Sources:
[1] https://en.wikipedia.org/wiki/Inflation_targeting#Summary
[2] https://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/
[3] https://charts.bitcoin.com/chart/inflation#lf
[4] https://cointelegraph.com/storage/uploads/view/1d067f3721f10f0a76439de9860a4e54.png
[5] https://qz.com/1107843/bitcoins-btc-new-record-price-of-6000-means-satoshi-nakamoto-is-worth-5-9-billion/
[6] http://uk.businessinsider.com/nearly-4-million-bitcoins-have-been-lost-forever-study-says-2017-11
[7] https://en.bitcoin.it/wiki/Laszlo_Hanyecz
[8] https://upload.wikimedia.org/wikipedia/en/5/58/MB%2C_M1_and_M2_aggregates_from_1981_to_2012.png
[9] https://blockchain.info/charts/n-transactions-total?timespan=all
[10] https://en.wikipedia.org/wiki/False_equivalence
[11] https://www.economicshelp.org/wp-content/uploads/2012/01/inflation-interest-rates-1945-2011.png
[12] https://tradingeconomics.com/united-kingdom/personal-savings
submitted by LogicalCrypto to btc [link] [comments]

List of Scott's most influential twitter followers

It seems like Scott/SSC has gotten much more mainstream recognition over the past year, so I was curious to know who the most influential SSC readers are now. Using twitter follower data for this isn't perfect (follower count is not a perfect proxy for influence, not all SSC readers follow the twitter account, etc.), but it's the best I could think of and I figured it would be a fun exercise regardless.
As an aside, a few interesting stats I learned about Scott's twitter followers (scraped on 12/30/17):
  1. Scott is followed by exactly two members of Congress: Justin Amash (Republican) and Jim Himes (Democrat)
  2. Scott has 351 bluecheck followers
  3. Of the top 100 most-followed followers, the gender breakdown (by my count) is 82 men vs 8 women (along with 10 organization or anonymous accounts). Among the top 50, it's 43 men and 1 woman (Liv Boeree)
  4. 385 followers (2% of the total) have bios including either "bitcoin", "ethereum", "crypto" or "blockchain"
  5. There are 67 followers whose bios include either "@Google", "@ Google", "at Google", or "Googler"
Note: When constructing the top 100 below, I excluded accounts that had extremely large Following counts, since I wanted the list to just consist of (likely) actual SSC readers. My exact rule was to exclude any account that follows >20K, include any that follows <10K, and include accounts in the 10K-20K range iff their following/follower ratio was less than 10% (this last condition was mostly just because I wanted to keep @pmarca on the list).
Anyway, below is the top 100. I also constructed lists for Eliezer, Robin Hanson, and gwern, and I can post those in the comments if anyone's interested.
Ranking Twitter Name Full Name Bio Bluecheck Follower Count Following Count
1 @NateSilver538 Nate Silver Editor-in-Chief, @FiveThirtyEight. Author, The Signal and the Noise (http://amzn.to/QdyFYV). Sports/politics/food geek. 1 2860782 1051
2 @ezraklein Ezra Klein Founder and editor-at-large, http://Vox.com. Come work with us! http://bit.ly/1ToAmQ8 1 2277052 1112
3 @timoreilly Tim O'Reilly Founder and CEO, O'Reilly Media. Watching the alpha geeks, sharing their stories, helping the future unfold. 1 1988716 1829
4 @paulg Paul Graham 1 1066366 322
5 @SamHarrisOrg Sam Harris Author of The End of Faith, The Moral Landscape, Waking Up, and other bestselling books published in over 20 languages. Host of the Waking Up… 1 974855 229
6 @techreview MIT Tech Review MIT Technology Review equips its audiences with the intelligence to understand a world shaped by technology. 1 794095 3367
7 @pmarca Marc Andreessen 1 672740 16319
8 @cdixon Chris Dixon programming, philosophy, history, internet, startups, investing 1 572260 3320
9 @RealTimeWWII WW2 Tweets from 1939 I livetweet the 2nd World War, as it happened on this day in 1939 & for 6 years to come (2nd time around). Created by Alwyn Collinson,… 0 516803 459
10 @VitalikButerin Vitalik Buterin See https://about.me/vitalik_buterin 1 458582 154
11 @Tribeca Tribeca Great stories from the greatest storytellers. 1 409581 18678
12 @bhorowitz Ben Horowitz Author of Ben's Blog (http://www.bhorowitz.com) and HarperBusiness book, THE HARD THING ABOUT HARD THINGS http://www.amazon.com/Hard-Thing-About-Things-Building-ebook/dp/B00DQ845EA/ref=sr_1_1… 1 405820 255
13 @mattyglesias Matthew Yglesias Fake news. Bad takes. Dad jokes. We’re actually on the Bad Place. 1 372341 754
14 @naval Naval Present. 0 339469 478
15 @SwiftOnSecurity SwiftOnSecurity I make stupid jokes, talk systems security, https://DecentSecurity.com + http://GotPhish.com, write Scifi, sysadmin, & use Oxford commas. Sprezzatura. 0 211672 7530
16 @alexismadrigal Alexis C. Madrigal staff writer @TheAtlantic in the real world, these just people with ideas Mexican, Oakland, Earthseed 1 203540 5682
17 @ScottAdamsSays Scott Adams Win Bigly: http://amzn.to/2myAGon 1 202042 788
18 @Khanoisseur Adam Khan Majordomo; Stuff at @Google @Twitter @SpaceX @Apple Exposing Trump https://www.gofundme.com/VolunteerJournalism… *Turn notifications on for breaking Trump… 0 183964 9359
19 @felixsalmon Felix Salmon Host and editor, Cause & Effect 1 180414 1832
20 @fmanjoo Farhad Manjoo (feat. Drake) NYT. DMs are open. signal: 4156836738. [email protected]. Instagram/Snapchat: fmanjoo 1 167592 4095
21 @VsauceTwo Vsauce2 Being Human. personal twitter: @kevleeb 0 151795 279
22 @russian_market Russian Market Swiss Financial Blogger. In Bitcoin we trust. 1 148866 939
23 @AaronDayAtlas Aaron Day CEO @Salucorp, Chairman @stark_360. #entrepreneur #btc #blockchain #healthcare #paleo #tech #dad Former candidate for #USSenate #ENTJ 0 133389 2075
24 @justinamash Justin Amash I defend #liberty and explain every vote at http://facebook.com/justinamash • 'Laws must be general, equal, and certain.' —F.A. Hayek 1 131997 5376
25 @Liv_Boeree Liv Boeree Poker player & Team Pokerstars Pro. Physics creature. Aspiring rationalist. Mountain goat. [email protected] 1 125366 451
26 @MaxCRoser Max Roser Researcher @UniOfOxford – Follow me for data visualizations of long-term trends of living standards – mostly from my web publication: http://www.OurWorldinData.org 1 114045 583
27 @Jonathan_Blow Jonathan Blow Game designer of Braid and The Witness. Partner in IndieFund. 0 112827 68
28 @andrewchen Andrew Chen Growth: @uber. Writer: http://andrewchen.co. Plus one: @briannekimmel 0 111077 6288
29 @charlescwcooke Charles C. W. Cooke Editor of National Review Online. Classical liberal. Immigrant. Jack’s Dad. Wino. ‘The American is the Englishman left to himself.’ 1 110071 872
30 @AlanEyre1 Alan Eyre Diplomat, U.S. State Dept, Energy Resources Bureau. Middle East/Asia Energy; ایران. RT doesn't =endorsement; 'likes' don't necessarily=likes, often… 1 106947 3514
31 @karpathy Andrej Karpathy Director of AI at Tesla. Previously a Research Scientist at OpenAI, and CS PhD student at Stanford. I like to train Deep Neural Nets on large datasets. 1 106643 445
32 @JamesADamore James Damore Nerd centrist interested in open discussions and improving the world by fixing perverse incentive structures. Author of the pro-diversity … 1 94580 210
33 @SherwoodStrauss Ethan Strauss Podcasting 1 88258 1204
34 @james_clear James Clear Author, weightlifter and travel photographer in 25+ countries. Over 400,000 people subscribe to my weekly newsletter on how to build better habits. 1 87968 218
35 @nk from the future Wealth and personal achievement expert 0 81712 591
36 @benthompson Ben Thompson AuthoFounder of @stratechery. Host of @exponentfm. @notechben for sports. @monkbent on other networks. Home on the Internet. 1 78746 1267
37 @matthewherper Matthew Herper Forbes reporter covering science and medicine 1 78698 2111
38 @JeremyCMorgan Jeremy Morgan Tech Blogger, Hacker, Pluralsight Author, and Volunteer Firefighter. Once held the world record for being the youngest person alive 0 78601 7365
39 @balajis Balaji S. Srinivasan CEO (http://Earn.com) and Board Partner (@a16z). I hear this Bitcoin thing might be kind of a big deal. You can reach me at http://earn.com/balajis. 1 70707 2936
40 @patrickc Patrick Collison Fallibilist, optimist. Stripe CEO. 1 68709 1875
41 @matthew_d_green Matthew Green I teach cryptography at Johns Hopkins. 0 68434 594
42 @delong Brad DeLong 🖖🏻 I'm trying to be smart, knowledgable, funny, and well-wishing. You try too--at least 2 of 4. Low volume: 1+ per day... 0 67968 1578
43 @flantz Frank Lantz game designer 0 66090 278
44 @MYSTIQUEWEST MYSTIQUE NYC The Mystique Gentlemen’s Strip Club offers the best in adult entertainment in New York City. With unique stage design, full bars and the most beautiful dancers. 0 64881 332
45 @AceofSpadesHQ TheOne&OnlyExpert I'm not #TheExpert, or the expert parodying #TheExpert. I'm the real expert. 0 64872 1464
46 @btaylor Bret Taylor President, Chief Product Officer of @Salesforce. Previously CEO Quip, CTO Facebook, CEO FriendFeed, co-creator Google Maps. Stanford fan, @Twitter… 1 64829 687
47 @wycats Yehuda Katz Tilde Co-Founder, OSS enthusiast and world traveler. 1 63933 849
48 @jahimes Jim Himes Connecticut Congressman. Reader. Runner. Swimmer. And I make maple syrup. 1 62820 411
49 @abnormalreturns Tadas Viskanta Financial Educator, Author and Editor of Abnormal Returns. 0 61693 413
50 @BrendanNyhan Brendan Nyhan @Dartmouth political science professor, @UpshotNYT contributor, and @BrightLineWatch co-organizer. Before: @CJR / Spinsanity / All the President'… 1 61508 6149
51 @matt_levine Matt Levine da, wo Menschen arbeiten, wird es immer Fehler geben 1 61314 990
52 @BretWeinstein Bret Weinstein Professor in Exile If we don't harness evolution, it will harness us. 1 61049 536
53 @gaberivera Gabe Rivera Blame me for @Techmeme and @mediagazer. Nicer than my tweets. Often sarcastic. DMs are open. 2+2â‰5. Retweets are endorphins. 1 59927 5599
54 @SarahTheHaider Sarah Haider Promotes free-speech, human rights, liberalism, atheism. Director of Outreach,Ex-Muslims of North America. Pakistani by birth, American by… 0 59574 292
55 @TheInfinite_T ✨Infinite_T✨ NSFW Send GoogleWallet to [email protected] pls send all your tokens to http://mfc.im/infinite_t/t Wishlist: http://a.co/8taURYD 0 59061 645
56 @cblatts Chris Blattman Political economist studying conflict, crime, and poverty, and @UChicago Professor @HarrisPolicy and @PearsonInst. I blog at … 0 57670 2445
57 @jamestaranto James Taranto Editorial Features Editor, in charge of @WSJ op-ed pages. Best of the Web columnist 2000-17. 1 56733 174
58 @nitashatiku Nitasha Tiku Senior writer @Wired covering Silicon Valley [email protected], DM for Signal 1 56133 4327
59 @DKThomp Derek Thompson Writer at @TheAtlantic. Author of HIT MAKERS. Talker on NPR's @hereandnow. Economics of work and play. derek[at]theatlantic[dot]com 1 53387 1116
60 @aliamjadrizvi Ali A. Rizvi Pakistani-Canadian author of The Atheist Muslim (SMP/Macmillan). Amazon order link below. Co-host of @SecularJihadist podcast. Contact:… 1 52806 784
61 @RameshPonnuru Ramesh Ponnuru @NRO, @BV, @AEI, @CBS. Husband of @aprilponnuru. 1 51721 613
62 @JYuter Rabbi Josh Yuter "For my thoughts are not your thoughts, neither are your ways my ways" Is. 55:8. Jewish stuff + bad jokes. All opinions subject to change. 1 50731 2599
63 @meganphelps Megan Phelps-Roper “You're just a human being, my dear, sweet child.” Speaking requests: [email protected] Contact: [email protected] 1 49678 792
64 @albertwenger Albert Wenger VC at http://usv.com 1 49107 1794
65 @paulbloomatyale Paul Bloom Psychologist who studies and writes about human nature—including morality, pleasure, and religion 1 48579 391
66 @conor64 Conor Friedersdorf Staff writer at The Atlantic, founding editor of The Best of Journalism–subscribe here: https://www.ponyexpress.io/subscribe/thebestofjournalism… 1 46977 1405
67 @EricRWeinstein Eric Weinstein Managing director @ Thiel Capital. Some assembly required. Spelling not included. May contain math. Tweets are my own. 1 46263 850
68 @adamdangelo Adam D'Angelo CEO of Quora 1 45545 526
69 @robbystarbuck Robby Starbuck Director + Producer + Founder at RSM Creative - Husband to @imatriarch - Dad to 3 Kids + 2 Dogs - Futurist - Cuban American - Fan of Civilized Debate 1 45308 1842
70 @clairlemon Claire Lehmann Principle before affiliation. Founder, editor http://quillette.com. Contact me at http://earn.com/clairelehmann 1 45305 2000
71 @tombennett71 Tom Bennett Director of researchED- https://researched.org.uk Chair of @educationgovuk Behaviour group. Free training available here http://www.tombennetttraining.co.uk 1 43859 3698
72 @m2jr Mike Maples The woods are lovely, dark and deep, But I have promises to keep,And miles to go before I sleep,And miles to go before I sleep.-Robert Frost 0 43629 3915
73 @DavidDidau David Didau Education writer and speaker. Ginger. #PsychBook OUT NOW! https://goo.gl/xyDIjO; #WrongBook still available: http://amzn.to/1Opyach 0 43531 1092
74 @ByronTau Byron Tau congress et al. for @wsj. interested in law, lobbying, nat'l security, investigations, gov't ethics and . contact me securely: http://bit.ly/2s2HTfG 1 43026 2699
75 @MichaelKitces MichaelKitces One nerd’s perspective on the financial planning world… CFP, #LifelongLearner, Entrepreneur-In-Denial, Advisor #FinTech, & publisher of the Nerd’s Eye View blog 1 42304 459
76 @rahulkapil Rahul Kapil Come to observe. Stay to play. 0 41987 975
77 @michaelbatnick Irrelevant Investor Long-distance reader 0 41620 1076
78 @yegg Gabriel Weinberg CEO & Founder, @DuckDuckGo. Co-author, Traction. I want to publish zines and rage against machines. DM for Signal. 1 39470 151
79 @Jesse_Livermore Jesse Livermore Trader, Speculator, Bucketeer 0 39190 4459
80 @iconominet ICONOMI Digital Assets Management Platform for the Decentralised Economy 0 39030 1942
81 @IKucukparlak İlker Küçükparlak Psikiyatrist http://ihtisastramvayi.com 0 38018 757
82 @vdare Virginia Dare The Twitter account for the editors of VDARE. Featured at the 2016 Republican National Convention 0 37723 4429
83 @juliagalef Julia Galef SF-based writer & speaker focused on reasoning, judgment, and the future of humanity. Host of the Rationally Speaking podcast (@rspodcast) 1 37530 340
84 @nicknotned Nick Denton Internet publisher 1 36708 2524
85 @JeremyMcLellan Jeremy McLellan Standup Comedian, Papist-in-training, biryani extremist, alleged member of the Muslim Cousinhood, US ambassador to the Pindi Boyz, spy pigeon trainer 1 36253 1538
86 @collision John Collison Co-founder of @stripe. 0 35995 1290
87 @narcissawright ♕ Narcissa fledgling seer 1 35375 1266
88 @panzer Matthew Panzarino Editor-in-Chief, TechCrunch. Telecom stories killed: 0. PGP Key https://keybase.io/panzer 1 35162 2902
89 @EconTalker Russell Roberts How Adam Smith Can Change Your Life (http://amzn.to/1o72lYh), EconTalk host, econ novelist, co-creator of Keynes/Hayek rap videos, http://www.wonderfulloaf.org/ 0 34611 669
90 @nktpnd Ankit Panda Senior Editor @Diplomat_APAC in NYC. Thinking/writing/speaking on global security, politics, and economics. Via @WilsonSchool. Views mine & RTâ‰â€¦ 1 34041 995
91 @Official_Quame Kwame A. A Opoku Futurist• Global Business Speaker, Founder @fobaglobal, @wefestafrica, @ideafactorylive • CEO Mary&Mary LLC • Entrepreneur • Tedx Speaker •Influencer 0 33924 3526
92 @dylanmatt Dylan Matthews I know, I know, I don't like me either. Retweets are proposals of marriage. 1 33262 5579
93 @Jonnymagic00 Jon Finkel I'm a magic player who also manages a hedge fund. http://en.wikipedia.org/wiki/Jon_Finkel 0 33234 284
94 @Heminator Mark Hemingway "After all these years of professional experience, why can’t I write good?" Senior Writer @WeeklyStandard. Husband of @MZHemingway. 1 33034 4877
95 @sweenzor Onson Sweemey 0 32044 5288
96 @PhilosophersEye Philosopher's Eye Philosophy updates, pop culture, fun stuff, and links to resources from the Wiley Blackwell Philosophy Team. 0 31931 6503
97 @VladZamfir Vlad Zamfir Absurdist, troll. 0 31764 418
98 @m_clem Michael Clemens Fellow @[email protected]_bonn. My views only. Assoc. Editor @JPopEcon & @WorldDevJournal. Author of @WallsofNations, coming in 2018.… 1 31746 3650
99 @RudyHavenstein Rudolf E. Havenstein ReichsBank®President 1908-1923; Central Bank consultant. 'My way of joking is to tell the truth' - GB Shaw. Tweets solely for my own amusemen… 0 31115 1293
100 @tikhon Tikhon Bernstam CEO & Founder of Parse (YC S'11, acquired by Facebook for $85M in 2013). Founder @Scribd (YC S'06). @ycombinator alum. 0 31030 5184
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Is Bitcoin a flash in the pan? - Coinsumm.it The Economics of Creating P2P Capital Markets from the Blockchain Metaverse Asks Silicon Valley “What is Bitcoin and Blockchain?” DIGITAL CURRENCIES WON’T REPLACE USD SAYS IMF ECONOMIST Bitcoin & Cryptocurrency Markets UP! Traditional Markets DOWN! Can it CONTINUE?Commercial Blockchain

What is Bitcoin is by far one of the most popular questions these days. To understand what a Bitcoin is, we first need to look back in time and its origin. The ledger of the Bitcoin Blockchain was distributed January 3rd, 2009, by a person with the nickname Satoshi Nakamoto. The initial release took place 11 years ago, it was January 9th, 2009 ... Blockchain is fundamentally transforming business in more than 50 industries including supply chains and logistics, financial services, healthcare, gaming, digital advertising, consumer goods and real estate. Best known as the technology behind bitcoin and other cryptocurrencies, blockchain has far broader uses. It is reshaping business ... 'Boomer Generation' In for a Rude Awakening - Macro Economist Predicts $1M Bitcoin by 2025 . Just recently, a report from Global Macro Investor (GMI) called “The Unfolding” claims that the ... Bitcoin’s blockchain ledger prevents double-spending and keeps track of transactions continuously. It is what makes possible a currency without a central bank. Blockchains are also the latest ... According to blockchain.info, a website that tracks such things, on an average day more than 120,000 transactions are added to the blockchain, representing about $75m exchanged. There are now ...

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Is Bitcoin a flash in the pan? - Coinsumm.it

As it has been said through the video, the software is for sale. The software is very efficient and works perfectly. So you just have to enter your bitcoin wallet address, the amount of bitcoin ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Need Ethereum? Here's how to convert Ethereum to Bitcoin or convert Bitcoin to Ethereum! Which ever coin you need can be converted into a different coin on coinbase! If you don't have a coinbase ... Happy Valentine’s Day Metaverse fans! Blockchain and Cryptocurrency are like Valentine’s for many of their users and investors - they bring you as much thrill as joy, yet you want them to stay ... Also, Bitcoin and the cryptocurrency are UP BIG as the market cap reaches over 260 billion with BTC being the #1 asset thus far in 2020 (beating the S&P 500 and gold handily. Can this continue ...

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