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[OC] If the regular season ended today, who would make your All-NBA 1st team? And 2nd team? And 3rd team? And 4th team? And 5th team? And 6th team? And 7th -- uh oh -- I think I lost my marbles... but let's keep going... 8th team? 9th team? 10th team?
Getting named as an NBA All-Star is a high honor, but being named to an All-NBA team is even rarer air. After all, only 15 players in the entire league earn that distinction. The fact that it's such an exclusive club makes it so important, so the idea of adding more players to the list would devalue it by nature. It'd be a silly, fruitless exercise, and a complete waste of time. That said... it sure beats "reality" right now. And in the interest of escapism, let's entertain that hypothetical. Who would make your 1st team All-NBA? Your 2nd? Your 3rd? Your 4th? The challenge is get all the way up to the 10th if you can handle that test of your sanity. For my own, I include a few caveats: --- The NBA breaks down All-NBA spots more traditionally with frontcourt and backcourt, but I find that outdated. For mine, I'm going to include 1 "lead guard," 2 "wings," 1 "big," and 1 "flex" that can be any position. To me, that's reflective of the modern game. Most teams play with 1 guard, 3 wings, and 1 big, but there are teams that use 2 lead guards, or 2 bigs, etc. --- The nature of basketball statistics tends to break down by game, or by minute, or even by play/possession. In the process, we tend to overlook players who are durable and add aggravate value over the course of a season. Personally, I'm going to factor in "games played" more than most would. --- The advanced stats I'm listing are true shooting percentage and ESPN's estimated "wins added" based on their real plus/minus metric. With all that said, let's get to the madness.
GUARD: James Harden (HOU). 34.4 points, 7.4 assists, 62 TS%, +10.4 wins added You can tell when a player has reached an historic level of greatness when no one seems to care when they're averaging over 34 points per game (on awesome efficiency.) Ho hum. WING: LeBron James (LAL). 25.7 points, 10.6 assists, 58 TS%, +11.0 wins added After last year's disappointment, LeBron James has come back leaner and meaner, with much better effort on D. He hasn't been attacking the paint and drawing fouls quite as well as he did in his youth, but he's adjusted his playing style and racked up a career high in assists. WING: Giannis Antetounkmpo (MIL). 29.6 points, 13.7 rebounds, 61 TS%, +11.2 wins added The Greek Freak's struggles at the free throw line (down to 63%) have lowered his efficiency from last year, but he's still clearly in contention for another MVP season. His point total nearly matches his minutes (30.9). BIG: Nikola Jokic (DEN). 20.2 points, 6.9 assists, 60 TS%, +6.0 wins added The Joker LOOKS like he should be a complete liability on defense, but the stats haven't born that out (he's +1.8 on that end in RPM.) And given that, his transcendent passing ability assists (get it???) his 1st team candidacy. FLEX: Anthony Davis (LAL). 26.7 points, 2.4 blocks, 61 TS%, +5.2 wins added The Lakers have vaulted into the top 3 in defense, largely due to Anthony Davis' ability to wreak havoc on that end. And keep in mind, he's leading his team in PPG as well.
GUARD: Damian Lillard (POR). 28.9 points, 7.8 assists, 62 TS%, +4.9 wins added If it wasn't for Steph Curry and James Harden, Dame would be looking at a lot more first-team All-NBA seasons. This hasn't been Portland's best by any stretch, but it's hard to fault him for that. WING: Luka Doncic (DAL). 28.7 points, 8.7 assists, 58 TS%, +5.9 wins added No doubt, Luka Doncic is our toughest exclusion from the 1st team and the one I figure will be the most unpopular pick (so far.) The reason he slipped off the 1st team for me is the injury; he's played 10 less games than Nikola Jokic. WING: Kawhi Leonard (LAC). 26.9 points, 5.0 assists, 59 TS%, +5.7 wins added Similarly, it's always going to be tough for me to justify Kawhi on a 1st team as long as he takes off games (he's missed 13/64 so far.) Still, he should be rested and ready to go for another title campaign. BIG: Rudy Gobert (UTA). 15.1 points, 13.7 rebounds, 70 TS%, +4.5 wins added I wonder if Rudy Gobert's coronavirus issues will hurt him in media votes in the future. Personally, I'm just going to keep rewarding him and recognizing him as one of the most impactful players in the league. FLEX: Jimmy Butler (MIA). 20.2 points, 6.1 assists, 58 TS%, +4.1 wins added Jimmy Butler's struggled to score from the field this year, but his ability to draw contact and get to the line (9.1 FTA) keeps his efficiency above average. And therein, his passing and defense help boost him into this range.
GUARD: Chris Paul (OKC). 17.7 points, 6.8 assists, 61 TS%, +5.5 wins added An incredible year all around for CP3, who has turned 35 years old this month. WING: Jayson Tatum (BOS). 23.6 points, 7.1 rebounds, 56 TS%, +4.6 wins added We all know him as a deadly scorer, but Jayson Tatum's added strength has helped him hang at the 4 spot on defense, which is a boon for the Celtics' small-ball/wing-ball approach. WING: Khris Middleton (MIL). 21.1 points, 6.2 rebounds, 62 TS%, +3.7 wins added Giannis is the engine that drives the Bucks, but having shooters like Middleton around him is key. BIG: Pascal Siakam (TOR). 23.6 points, 3.6 assists, 56 TS%, +4.8 wins added Without Kawhi Leonard soaking up attention, Pascal Siakam's not getting as many easy baskets (his 2-point FG% has dropped from 60.2% to 50.6%.) Still, he's a hugely valuable player on both ends of the floor. Is he a true “big?” No. But I think that term is broad enough to extend past centers and can include PFs as well for our purposes. FLEX: Russell Westbrook (HOU). 27.5 points, 8.0 rebounds, 54 TS%, +6.0 wins added I've never been a big Westbrook fan, but I give him credit for keeping his activity level and productivity up in a new role. He's gotten better and better as the season has gone on as well.
GUARD: Ben Simmons (PHI). 16.7 points, 8.2 assists, 61 TS%, +4.2 wins added Shooting? Still a problem. But fortunately, Ben Simmons does virtually everything else well. He can also step up his game when needed (like when Embiid is out.) WING: Donovan Mitchell (UTA). 24.2 points, 4.2 assists, 56 TS%, +2.1 wins added I don't know if Donovan Mitchell is truly any better than any high-scoring SGs like Devin Booker or Zach LaVine, but we have to reward him from being on a winner. WING: Brandon Ingram (NO). 24.3 points, 6.3 rebounds, 59 TS%, +2.4 wins added A candidate for Most Improved, Brandon Ingram helped carry his team early in the season. He'll still have to figure out his chemistry with Zion Williamson, but it's safe to say he made himself a lot of money this year. BIG: Bam Adebayo (MIA). 16.2 points, 10.5 rebounds, 61 TS%, +3.1 wins added Bam's ability to move the ball on offense (5+ assists) and move his feet on defense is key to the team. The scary part is: he may have another level to his game to reach. FLEX: Devin Booker (PHX). 26.1 points, 6.6 assists, 62 TS%, +3.5 wins added It's getting hard to blame Devin Booker for Phoenix's W-L record. He's just a flat-out stud scorer.
GUARD: Trae Young (ATL). 29.6 points, 9.3 assists, 60 TS%, +3.2 wins added Like Devin Booker, Trae Young is an offensive savant. Unfortunately, his defense is even more of an issue. He graded at -3.1 in RPM on that end, one of the worst in the entire NBA. WING: Bradley Beal (WAS). 30.5 points, 6.1 assists, 58 TS%, +1.8 wins added You expect Trae Young to be bad at defense, but Bradley Beal has graded surprisingly bad there as well (-2.8 RPM.) Of course, starting alongside Isaiah Thomas doesn't make that easy. Nevertheless, we had to downgrade him a few spots for the inconsistent effort there. WING: Jaylen Brown (BOS). 20.4 points, 6.4 rebounds, 59 TS%, +3.3 wins added Coming out of Cal, some scouts questions Jaylen Brown's feel for the game. Right now, it's hard to find many things that he doesn't do well. BIG: Joel Embiid (PHI). 23.4 points, 11.8 rebounds, 59 TS%, +2.8 wins added Embiid would rank higher at full strength, but he's missed about 1/3 of the season so far. FLEX: Kyle Lowry (TOR). 19.7 points, 7.7 assists, 59 TS%, +3.2 wins added Now age 34, Kyle Lowry continues to play very well on both ends. He's the little engine that could -- or perhaps more appropriately, the caboose.
GUARD: Eric Bledsoe (MIL). 15.4 points, 5.4 assists, 58 TS%, +2.9 wins added Eric Bledsoe gets more flak than credit, but he's still one of the best players on the best team in the league. WING: Zach LaVine (CHI). 25.5 points, 4.2 assists, 57 TS%, +4.3 wins added If the Bulls had a better record, Zach LaVine could have been a few spots higher. His defense isn't quite as bad as advertised either. WING: C.J. McCollum (POR). 22.5 points, 4.3 assists, 54 TS%, +3.7 wins added This must be the "all flak" team, because C.J. McCollum also gets blamed a lot for Portland's struggles to get over the hump. To me, Dame+CJ isn't the problem; the complete mess at the SF-PF position is to blame. BIG: Domatas Sabonis (IND). 18.5 points, 12.4 rebounds, 59 TS%, +1.5 wins added Arvydas' kid also has some baby Joker to his game, as his 5.0 assists are a huge part of Indiana's offense. FLEX: Paul George (LAC). 21.0 points, 3.9 assists, 58 TS%, +2.5 wins added Again, I'm factoring in games played more than most, and Paul George (42 GP) has missed quite a bit of time.
GUARD: Kemba Walker (BOS). 21.2 points, 4.9 assists, 57 TS%, +2.5 wins added Kemba Walker doesn't have the same workload in Boston as he did in Charlotte, and the stats reflect that. Still, he's safely one of the top 10 PGs in the league. WING: Bojan Bogdanovic (UTA). 20.2 points, 4.1 rebounds, 60 TS%, +2.6 wins added Here we're talking BOJAN (from Utah) and not BOGDAN (from Sacramento), although they're both good. Bogey's delivered on the three-point shooting for Utah, hitting 41.4% on 7+ attempts a game. WING: Danilo Gallinari (OKC). 19.2 points, 5.5 rebounds, 61 TS%, +2.8 wins added Perpetually underrated, it may be time we stop acting shocked when Gallo's teams (LAC last year, OKC this year) are better than people expect. BIG: Karl-Anthony Towns (MIN). 26.5 points, 10.8 rebounds, 64 TS%, +2.7 wins added KAT was among the hardest to rank for me. Offensively, he's historically great -- arguably the best shooting center of all time. The defense is an issue, of course, and the workload is what doomed him on my list. His 35 games played is our lowest total so far. FLEX: Jrue Holiday (NO). 19.6 points, 6.9 assists, 54 TS%, +3.5 wins added It's fitting that Jrue Holiday is listed at "flex," because he's gone from a pure point guard to a jack of all trades.
GUARD: Ja Morant (MEM). 17.6 points, 6.9 assists, 57 TS%, +1.6 wins added As the lead guard of a team, you expect Ja Morant to put up good raw stats. However, his efficiency and steadiness is remarkable for a rookie making the leap from Murray State. He also gets a boost for leading Memphis into playoff position (for now, until the NBA decides to snatch that away.) WING: Evan Fournier (ORL). 18.8 points, 3.2 assists, 60 TS%, +2.1 wins added Quietly, Evan Fournier is having a good season for Orlando. If you don't believe me, google it. WING: Robert Covington (HOU). 12.8 points, 1.5 steals, 57 TS%, +2.8 wins added Every team would love to have a low-usage 3+D forward like RoCo. Except for Philly and Minnesota, I guess. BIG: Hassan Whiteside (POR). 16.3 points, 14.2 rebounds, 64 TS%, +2.1 wins added This may be a controversial pick because Whiteside has become a punching bag for fans, but he may have made the rare transition from underrated to overrated (and overpaid) and back to underrated again. FLEX: Tobias Harris (PHI). 19.4 points, 6.8 rebounds, 56 TS%, +2.1 wins added Speaking of overpaid... Tobias Harris hasn't lived up to his giant contract yet, but he's undoubtedly a good starter to have on your team.
GUARD: Spencer Dinwiddie (TOR). 20.6 points, 6.8 assists, 54 TS%, +3.0 wins added Nothing raises your bitcoin valuation more than that sweet, sweet All-NBA 9th team trophy. WING: Shai Gilgeous-Alexander (OKC). 19.3 points, 6.1 rebounds, 57 TS%, +2.1 wins added Like Jrue Holiday, SGA is a point who can play "up" a position. In fact, he’s been working effectively at both SG and SF this year, as illustrated by that nice rebounding rate. WING: Duncan Robinson (MIA). 13.3 points, 3.3 rebounds, 68 TS%, +3.0 wins added This may be high for a one-trick pony, but that trick happens to be quite a valuable one. The unknown Robinson is hitting 44.8% of his threes (at 8.4 attempts per game.) He's a huge part of Miami's offensive gameplan. BIG: Kristaps Porzingis (DAL). 19.2 points, 9.5 rebounds, 54 TS%, +3.9 wins added Too high? Too low? I can't figure out Porzingis' season in Dallas so far. Still, any big who can block shots and hit threes has an inherent value. FLEX: Dennis Schroder (OKC). 19.0 points, 4.1 assists, 57 TS%, +5.4 wins added Perhaps the biggest surprise to OKC's success this season has been a career year for Dennis Schroder off the bench. He's even played well when paired with CP3 and SGA in the same lineup. The stats suggest that Schroder should rank even higher than this, but I'm still trying to wrap my mind around him becoming such an efficient player all of a sudden.
GUARD: Lou Williams (LAC). 18.7 points, 5.7 assists, 55 TS%, +3.6 wins added Sweet Lou has a little less to do now that Kawhi Leonard and Paul George are in town, but he's still one of the best scorers off the bench. WING: Buddy Hield (SAC). 19.8 points, 4.8 rebounds, 57 TS%, +3.0 wins added A NEW addition to the "scorer off the bench club," Buddy Hield deserves kudos for accepting that role as the Kings try to find a spark. He hasn't been as red-hot as he had been last season, but he's still one of the best SGs in the league. WING: Gordon Hayward (BOS). 17.3 points, 4.1 assists, 59 TS%, +1.9 wins added Gordon Hayward has quietly been working his way back into top form, with his ball movement and BBIQ two real feathers in his cap. He's dinged a few spots here based on missed time (he's only played 45 games.) BIG: Montrezl Harrell (LAC). 18.6 points, 7.1 rebounds, 61 TS%, +3.6 wins added Fittingly, Montrezl Harrell will join Lou Williams' team here. It'll be interesting to see whether Doc Rivers rolls with the two of them in crunch time during the playoffs. FLEX: Nikola Vucevic (ORL): 19.5 points, 11.0 rebounds, 54 TS%, +2.0 wins added It's debatable how valuable Vucevic's 20-10 seasons are because he's not a good defender and he's not a terribly efficient scorer. That said, I'm giving him credit for a high degree of difficulty here as the go-to scorer on a team that doesn't have a lot of weapons offensively.
just missed the cut
If you'd like to sub in any other players, here are some notable names: PG FredVanVleet (TOR), PG Devonte' Graham (CHA), PG Malcolm Brogdon (IND), PG Jamal Murray, PG Lonzo Ball, PG De'Aaron Fox (SAC), PG/SG Marcus Smart (BOS), PG/SG Kendrick Nunn (MIA), SF Joe Ingles (UTA), SF Will Barton (DEN), SF DeMar DeRozan (SA), SF/PF Davis Bertans (WAS), SF/PF Aaron Gordon (ORL), PF LaMarcus Aldridge (SA), C Myles Turner (IND), C Steven Adams (OKC), C Andre Drummond (CLE), C Jarrett Allen (BKN), C Derrick Favors (NO), C Jonas Valanciunas (MEM), C Brook Lopez (MIL). And of course, we need an obligatory Zion Williamson (NO) mention, although his 19 games played is a tough hurdle to overcome.
Alright guys, Ive been working on this for a while and a post on here by a guy describing his portfolio here was the final kick in the ass for me to put this together. I started writing this to summarize what Im doing for my friends who are beginners, and also for me to make some sense of it for myself Hopefully parts of it are useful to you, and also ideally you guys can point out errors or have a suggestion or two. I'm posting this here as opposed to investing or canadianinvestor (blech) because they're just gonna tell me to buy an index fund. This first section is a preamble describing the Canadian tax situation and why Im doing things the way that I am. Feel free to skip it if you dont care about that. Also, there might be mistake regarding what the laws are here so dont take my word for it and verify it for yourself please. So here in Canada we have two types of registered accounts (theres actually more but whatver). There is the TFSA "Tax Free Savings Account", and RRSP "Registered Retirement Savings Account" For the sake of simplicity, from the time you turn 18 you are allowed to deposit 5k (it changes year to year based on inflation etc)in each of them. That "room" accumulates retroactively, so if you haventdone anything and are starting today and you are 30 you have around 60k you can put in each of them. The prevailing wisdom is that you should max out the TFSA first and you'll see why in a minute. TFSA is post tax deposits, with no capital gains or other taxes applied to selling your securities, dividends or anything else. You can withdraw your gains at any time, and the amount that you withdraw is added to the "room" you have for the next year. So lets say I maxed out my TFSA contributions and I take out 20k today, on January of next year I can put back in 20k plus the 5 or whatever they allow for that year. You can see how powerful this is. Theres a few limitations on what is eligable to be held in the TFSA such as bitcoin/bitcoin ETFs, overseas stocks that arent listed on NYSE, TSX, london and a few others. You can Buy to Open and Sell to Close call and put options as well as write Covered Calls. The RRSP is pre-tax deposits and is a tax deferred scheme. You deposit to lower your income tax burden (and hopefully drop below a bracket) but once you retire you will be taxed on anything you pull out. Withdrawing early has huge penalties and isnt recommended. You are however allowed to borrow against it for a down payment as a first time home buyer. The strategy with these is that a youngperson entering the workforce is likely to be in a fairly low tax bracket and (hopefully) earns more money as they get older and more skilled so the RRSP has more value the greater your pre-taxincome is. You can also do this Self Directed. Its not relevant to this strategy but I included it for the sake of context. Non registered accounts ( or any other situation, such as selling commercial real estate etc) is subject to a capital gains tax. In so far as I understand it, you add all your gains and losses up at the end of the year. If its a positive number, you cut that number IN HALF and add it to your regular pre-tax income. So if I made 60k from the dayjob and 20k on my margin account that adds up to 70k that I get taxed on. if its a loss, you carry that forward into the next year. Theres no distinction between long term and short term. Also physical PMs are treated differently and I'll fill that part in later once I have the details down. The reason why all that babble is important is that my broker Questrade, which isnt as good as IB (the only real other option up here as far as Im aware) has one amazing feature that no other broker has: "Margin Power" If you have a TFSA and a Margin account with them, you can link them together and have your securities in the TFSA collateralise your Margin account. Essentially, when it comes to the Maintenance Excess of the Margin Account QT doesnt care if its in the TFSA *or* the Margin! You can see how powerful this is. ------------------------------------------------------------------------------------------------------------------------------------------------ So as you can tell by the title, a lot of this is heavily inspired by Chris Cole's paper "The Allegory of the Hawk and the Serpent". You can read it here: https://www.artemiscm.com/welcome#research Between it, his interviews and my mediocre options skills at the time my mind was blown. Unfortunately I didnt know how to do the Long Volatility part until after the crash in March but I've since then had nothing but time to scour the internet and learn as much as I could. The way I interpret this isnt necessarily "what you should have right now", but what abstracted model they were able to backtest that gave them the best performance over the 90 years. Also, a lot of my portfolio I already had before I started trying to build this. As such my allocations dont match the proportions he gave. Not saying my allocations are better, just showing where they are at this time. I'm going to describe how I do Long Volatility at the end rather than the beginning since the way *I* do it wont make sense until you see the rest of the portflio. Physical PMs 22% I'm not sure wether he intended this to be straight up physical gold or include miners and royalty streaming companies so I will just keep this as physical. I consider Silver to be a non-expiring call option on gold, so that can live here too. I am actually *very* overweight silver and my strategy is to convert a large portion of it to gold (mostly my bars) to gold as the ratio tightens up. If youre into crypto, you can arguably say that has a place in this section. If an ETF makes sense for part of your portfolio, I suggest the Sprott ones such as PHYS. Sprott is an honest business and they actually have the metal they say they have. If you have enough, you can redeem your shares from the Royal Canadian Mint. The only downside is that they dont have an options chain, so you cant sell covered calls etc. Simple enough I suppose. One thing to bear in mind, there is a double edged sword with this class of assets. They're out of the system, theyre nobody's business but your own and theres no counter party. That unfortunately means that you cant lever against it for margin or sell covered calls etc. You can still buy puts though (more on that later) Commodity Trend (CTA) 10% https://youtu.be/tac8sWPZW0w Patrick Ceresna gave a good presentation on what this strategy is. Until I watched this video I just thought it meant "buy commodities". A real CTA does this with futures also so aside from the way he showed, there are two other ETFs that are worth looking at. COM - This is an explicit trend following ETF that follows a LONG/FLAT strategy instead of LONG/SHORT on a pile of commodity futures. So if they get a "sell" signal for oil or soybeans they sell what they have and go to cash. COMT- Holds an assortment of different month futures in different commodities, as well as a *lot* of various related shares in producers. Its almost a one stop shop commodities portfolio. Pays a respectable dividend in December If you want to break the "rules" of CTA, and include equities theres a few others that are also worth looking at KOL- This is a coal ETF. The problems with it are that a lot of the holdings dont have much to do with coal. One of them is a tractor company. A lot of the companies are Chinese so theres a bit of a red flag. Obviously Thermal Coal, the kind used for heating and powerplants isnt in vogue and wont be moving forward...but coking coal is used for steel manufacturing and that ain't going anywhere. The dividend is huge, pays out in December. A very very small position might be worth the risk. Uranium- I'm in URA because thats the only way for me to get exposure to Kazatoprom (#1 producer), which is 20% of the holdings. The other 20% is Cameco (#2 producer)and then its random stuff. Other than that I have shares in Denison which seems like its a good business with some interesting projects underway. I'm still studying the uranium space so I dont really have much to say about it of any value. RSX- Russia large caps. If you dont want to pick between the myriad of undervalued, high dividend paying commodity companies that Russia has then just grab this. It only pays in December but it has a liquid options chain so you can do Covered Calls in the meantime if you want. NTR- Nutrien, canadian company that was formed when two others merged. They are now the worlds largest potash producer. Pretty good dividend. They have some financial difficulties and the stocks been in a downtrend forever. I feel its a good candidate to watch or sell some puts on. I'm trying to come up with a way to play agriculture since this new phase we're going to be entering is likely to cause huge food shortages. EURN and NAT- I got in fairly early on the Tanker hype before it was even hype as a way to short oil but I got greedy and lost a lot of my gains. I pared down my position and I'm staying for the dividend. If you get an oil sell signal, this might be a way to play that still. Fixed Income/Bonds 10% Now, I am not a bond expert but unless youre doing some wacky spreads with futures or whatever... I dont see much reason to buy government debt any more. If you are, youre basically betting that they take rates negative. Raoul Pal of Real Vision is pretty firm in his conviction that this will happen. I know better than to argue with him but I dont see risk/reward as being of much value. HOWEVER, I found two interesting ETFs that seem to bring something to this portfolio IVOL- This is run by Nancy Davis, and is comprised of TIPS bonds which are nominally inflation protected (doubt its real inflation but whatever) overlayed with some OTC options that are designed to pay off big if the Fed loses control of the long end of the yield curve, which is what might happen during a real inflation situation. Pays out a decent yield monthly TAIL- This is a simpler portfolio of 10yr treasuries with ladder of puts on the SPX. Pays quarterly. Equities 58% (shared with options/volatility below) This is where it gets interesting, obviously most of this is in mining shares but before I get to those I found some interesting stuff that I'm intending to build up as I pare down my miners when the time comes to start doing that. VIRT- I cant remember where I saw this, but people were talking about this as a volatility play. Its not perfect, but look at the chart compared to SPY. Its a HFT/market making operation, the wackier things get the more pennies they can scalp. A 4% dividend isnt shabby either. FUND- This is an interesting closed end fund run by Whitney George, one of the principals at Sprott. He took it with him when he joined the company. Ive read his reports and interviews and I really like his approach to value and investing. He's kind of like if Warren Buffett was a gold bug. Theres 120 holdings in there, mostly small caps and very diverse...chicken factories, ball bearings all kinds of boring ass shit that nobody knows exists. Whats crucial is that most of it "needs to exist". Between him, his family and other people at Sprott they control 40% or so of the shares, so they definitely have skin in the game. Generous dividend. ZIG- This is a "deep value" strategy fund, run by Tobias Carlisle. He has a fairly simple valuation formula called the Acquirer's Multiple that when he backtested it, is supposed to perform very well. He did an interview with Chris Cole on real Vision where he discusses how Value and Deep Value havent done well recently, but over the last 100 years have proven to be very viable strategies. If we feel that theres a new cycle brewing, then this strategy may work again moving forward. I want to pause and point out something here, Chris Cole, Nassim Taleb and the guys at Mutiny Fund spend a lot of effort explaining that building a portfolio is a lot like putting together a good basketall team. They need to work together, and pick up each others slack A lot of the ETFs I'm listing here are in many ways portfolios in and of themselves and are *actively managed*. I specifically chose them because they follow a methodology that I respect but I can't do myself because I dont have the skill, temperament or access to. The next one is a hidden gem and ties into this. I'm not sure how much more upside there is in this one but man was I surprised. SII- Sprott Inc. I *never* see people listing this stock in their PMs portfolios. A newsletter I'm subscribed to described this stock as the safest way to play junior miners. Their industry presence, intellectual capital and connections means that they get *the best* private placement deals in the best opportunities. I cant compete with a staff like theirs and I'm not going to try. I bought this at 2.50, and I liked the dividend. Since then they did a reverse split to get on the NYSE and like the day after the stock soared. When it comes to mining ETFS I like GOAU and SILJ the best. None of their major holdings are dead weight companies that are only there because of market cap. I dont want Barrick in my portfolio etc. SGDJ is a neat version of GDXJ. Aside from that my individual miners/royalty companies are (no particular order) MMX SAND PAAS PGM AUM AG MUX RIO- Rio2 on the tsx, not rio tinto KTN KL Options/Volatility: varies So this is where we get to the part about options, Volatility and how I do it. I started out in the options space with The Wheel strategy and the Tastytrade approach of selling premium. The spreads and puts I sell, are on shares listed above, in fact some of those I dont hold anymore. Theres tons of stuff on this in thetagang and options so I wont go into a whole bunch (and you shouldnt be learning the mechanics from me anyway) but theres one thing I want to go over before it gets wild. If I sell a Cash Secured Put, from a risk management perspective its identical to just buying 100 shares of the underlying security. You are equally "Short Vol" as well, it just that with options its a little more explicit with the Greeks and everything. But if I use my margin that I was talking about earlier, then I can still collect the premium and the interest doesnt kick in unless Im actually assigned the shares. But if I sell too many puts on KL or AG, and something happens where the miners get cut down (and lets be real, they all move together) my margin goes down and then I get assigned and kaboom...my account gets blown up So what I need to do, is balance out the huge Short Vol situation in my portfolio, be net Long Vol and directly hedge my positions. Since the overwhelming majority of my equities are all tied to bullion this is actually a very easy thing to do. Backspreads https://youtu.be/pvX5_rkm5x0 https://youtu.be/-jTvWOGVsK8 https://youtu.be/muYjjm934iY So I set this up so the vast majority of my margin is tied up in these 1-2 or even 1-3 ratio put spreads that *I actually put on for a small credit*, and roll them every once in a while. I run them on SLV, and GDX. I keep enough room on my margin so I can withstand a 10% drawdown before it sets off the long end of the spreads and then I can ride it out until it turns around and we keep the PM bull market going. Theres another cool spread I've been using, which is a modified Jade Lizard; if already hold shares, I'll sell a put, sell a covered call, and use some of the premium to buy a longer dated call. Ive been running this on AG mostly. I have a few more spreads I can show you but Im tired now so it'll have to wait for later. As I said multiple times, I do intend to trim these miners later but now isnt the time for that IMO. I'm also monitoring this almost full time since I have an injury and have nothing better to do until I heal :p
What Can We Expect in the Halving Market? 58COIN Exchange Beauty Executive Gives the Answer
What are the effects of the third Bitcoin halving? How to view the relationship between mining pools and exchanges? Is the contract a road of no return? What is the future trend of digital currency? Q1: What does 58COIN expect from this Bitcoin halving? Xiao Bei: On the macro level, reduction in the bitcoin production shows a more stable signal to the market. May 12th is the third halving in bitcoin’s history, before it, however, the daily production plunged from 1800 to 900, a reduction of around 30,000 bitcoins in a month. The selling pressure reduced significantly, which leaves the root impact on the gradual stability of the market. The reduction not only brought us a bull market with a sustainable and long-lasting effect but greater opportunities as well. As an exchange, it should better improve itself and render stable and quality products to users. Currently, 58COIN’s mining pool ranks the top 5 in the world. After the reduction, based on the principle of survival of the fittest, the superior resources will be allocated to a larger and more stable mining farm, and the steady recovery of computing power is also anticipating. Q2: As an exchange, why does 58COIN occupy more than 10% of the overall bitcoin’s computing power? Xiao Bei: At present, our computing power share is about 7.8%, ranking among the top five in the world. Our recent goal is to have a stable computing power share of more than 10%. The mining pool provides the main non-trading BTC source for the exchange, increases the supply of BTCs on the market, and injects liquidity into the market. The top ten exchanges are expected to receive more than 70% of the bitcoin in the mining pool, so all major exchanges have begun to layout the mining pool to compete for BTC. 58COIN has reorganized the layout and started the operation of the new mining pool (58COIN& 1THash) in 2019. We have a mature operation team with more than 6 years’ experience, and hope to better link the upstream and downstream industries in the next stage. This is also an important step in the strategic development of high-quality exchanges. Q3: For an exchange, liquidity and redemption abilities are the absolute reflection of the user's sense of security. How does 58COIN ensure these two abilities that users care most? Xiao Bei: In terms of liquidity, first of all, our registered users have exceeded 3 million, which provides sufficient trading liquidity and depth. Secondly, our matching transaction service with constantly upgraded technology and algorithm ensures that each matchmaking time is in the microsecond level, and easily achieve system 10,000-level throughput performance. Concerning the redemption ability, non-trading digital assets held by the exchange serves as the foundation. The advantages of 58COIN's mining pool have accumulated abundant platform reserves for us. As of now, our risk reserve has exceeded 3.6 billion yuan. Besides, the Exchange integrates account opening, transaction matching, and liquidation, and plays an important role in the secondary market. Most exchanges lack a high-quality intelligent risk control system, a comprehensive anti-money laundering mechanism, and insufficient open and transparent information disclosure and supervision. There may be acts of forgery of trading volume, joint price manipulation with the project party, and other actions that harm the interests of investors. If the liquidity itself is not good enough, the situation mentioned above is more likely to occur. Q4: Which section does 58COIN values most? Contract Trading or Spot Transactions? What is the biggest advantage of trading contracts on 58COIN? Xiao Bei: Both spot and contract boast their own advantages, separately lie in the exchange value through hoarded coins, and flexible use of fluctuations. 58COIN as the main contract exchange, contract trading is definitely our focus. In terms of spot, it is mainly based on mainstream currencies. Compared with spot trading, the two-direction trading mechanism is more flexible. Also, leverage can increase the utilization rate of funds and amplify the profit, which is suitable for users with fewer funds to trade. The biggest advantage of contract transactions, in addition to the just mentioned abundant platform reserves, complete risk control and huge user base, there are several points related to the user's vital interests:
The lowest fee in the industry. For example, the handling fee of the perpetual contract is: “Taker 0.03%, Maker 0.015%”;
The fixed maintenance margin of 0.5%;
No funding fees. We have made every effort to reduce the principal consumption in each exchange, thus greatly lower the risk of liquidation;
The platform insurance funds bear the full debt loss, and users do not have to worry about apportioning any risks.
In addition, the contract can also maintain the value of the existing mainstream spot of the user to minimize the risk of depreciation caused by spot fluctuations. It is worth mentioning that in terms of wallet, we implement multi-level and multi-dimensional security risk control strategies such as hot and cold wallet isolation, multi-signature authorization, and regularly change of hot wallet addresses. Meanwhile, a manual verification process was added to ensure the safety of the assets. Since its establishment, there has never been any wallet accident, wallet stolen, or the loss of coin incidents. Q5: In the contract transaction, what advice does 58COIN give to novice users? Xiao Bei: Firstly, please remind that contract is not a devil, it is just a tool. What we should do is to make good use of the tool to make profits. Secondly, the purpose of the investment is to withdraw, and suggestions are shown below: 1. Invest with the spare funds at hand; 2. In the spot transaction, hoard coins in the bear market and exchange in the bull market, do not follow the trend of buying in the bull market; 3. In the contract, set up operation points and positions, and perform secondary operations according to market conditions. (Do not be greedy) 4. Make a risk response plan during the investment process, such as a sufficient margin, value preservation plan, etc. Finally, we must keep in mind: when doing spot transactions, choose assets with good liquidity in a way to get away from manipulation projects, risky exchanges, etc. 58COIN provides detailed descriptions for each business line, novice users should read them carefully before using. Besides, each contract trading page is designed with a calculator to help provide trading references to users before investment. Q6: What are the new plans of 58COIN? Xiao Bei: First of all, we will remain a sophisticated attitude in technology, risk control, and product experience, offering a stronger guarantee for users' transactions; second, we will further improve the ecological layout of 58COIN, from increasing investment in mining pools, gradually optimizing the hot and cold wallet system, enabling entities, focusing on community construction, etc., with better technical upgrades and preparations, to ensure that the entire 58COIN ecology can better link the upstream and downstream industries, providing our users with a more stable ecological background; We will launch some online activities in the near future, covering basic knowledge, candlestick chart learning, and industry analysis. We look forward to making joint efforts with our users in learning and making progress. Q7: What does 58COIN want to say about the future cryptocurrency market? Xiao Bei: The real big bonus in the cryptocurrency market has not yet been released, and Bitcoin has more imagination space than gold in the future. The cryptocurrency market is stepping toward a diversified, professional, and tangible direction, requiring more high-quality industries participation and landing. Though it is currently the fastest-growing field, financial attributes should not be the only factor entitled to cryptocurrencies, the future market should be more integrated and serve the real economy, such as the Internet of Things, financial systems, and personal privacy. For more details, please log in to www.58ex.com or download our app: https://wap.58ex.com/?locale=en. Website: https://www.58ex.com/ Twitter: https://twitter.com/58_coin Facebook: https://www.facebook.com/coin.58COIN Telegram: https://t.me/official58 Medium: https://medium.com/@58coin_blog/
Top-60 bitcoin/crypto quotes of the last decade, because reading them makes you feel good, and it feels good to feel good. Also one trading tip
First, number one trading tip for the next decade (in my opinion): XXA/XLM trading pair, price is 5.20 XLM (0.3588 USD). Ixinium XXA is so undervalued right now. Target profit +300% for this year. Backet by precious metals. Precious metals 100% insured by Lloyd's of London. Target price levels for this year because of precious metals base value: 12.0 XLM (0.83 USD, +130.6%) 18.8 XLM (1.30 USD, +261.5%) 23.2 XLM (1.60 USD, +345.9%) Price up since Coinmarketcap listing 7 days ago: 47.26% XXA/XLM trading pair on Stellarport and StellarX exchanges with zero trading fee. It's not too late to become an Ixinium whale :) My favorite bitcoin/crypto quotes, last ten years:
Came into Bitcoin for the short-term dollar gains. Stayed in Bitcoin for the long-term bitcoin gains.
Fiat addicts you to spending. Bitcoin addicts you to saving.
There are 1,900x more dollars in existence today than there was less than a hundred years ago. Bitcoin has no top because fiat has no bottom.
Most investors would be better off if they lost the password to their account and couldn’t log in for a few years.
How I learned to stop worrying and love the bear market: Value your wealth in bitcoin not fiat.
If I had a Bitcoin for every time someone asked me if I know who Satoshi is... I'd be Satoshi.
Every second bitcoin stays out of the spotlight, is another second we get to build unopposed. We can't take this time for granted.
You can't be excited about Bitcoin and fear the bear market. It's like being excited for Christmas but fearing winter. The bear market is a natural part of Bitcoin's mass adoption.
Crypto is the only money that works on the internet. But it's also the only money that works in space. It's really expensive to bring gold bars to Mars.
The fact that your normie friends don't think Bitcoin is cool yet is the reason why there is still massive upside potential.
Feel free to print (fiat money) as much as you need, as I am already all in crypto.
Satoshi walks in to a bar. Nobody knows.
Fiat supply: unlimited. Gold supply: unknown. Bitcoin supply: 21 million.
Most people still don’t know anything about Bitcoin except its price. But they don’t know why Bitcoin has a price in the first place. Hence the skepticism. When you don’t know why something has a price, it is impossible to understand how much it can really be worth.
There can never be more than 17 million people who own 1 full bitcoin. But in practice, there will be far fewer.
Internet allowed you to never have to go to the library. Bitcoin will allow you to never have to go to the bank.
Google's CEO is Indian
Nokia's CEO is Indian Adobe's CEO is Indian Amazon's BOD is Indian MasterCard's CEO is Indian Microsoft's CEO is Indian Pepsico's CEO was Indian indra nooyi Nasa has 58% Indian employees Do something towards $Btc bans in India! ENOUGH IS ENOUGH.
When you trade trends, you can be the last person to join the trend & first person to leave the trend & you can still outperform everyone else in long term simply because others will keep guessing the tops & bottoms while you will keep riding confirmed trends.
You don't need to fomo into positions, if you accumulate early.
If your "financial advisor" doesn't advise you to buy crypto, fire 'em.
Bitcoin doesn't care about your feelings. It also doesn't care about your gender, ethnicity, sexual preference or religion. Bitcoin just is.
Want to prove to an investor that your crypto product is needed? Get people to use it. It is really hard to argue with usage.
Is it possible to be a BTC maximalist and be Vegan? Asking for a friend..
If you think that bitcoin is not going to the mainstream, think again.
Most people don’t know what money is. This is why Bitcoin is still underrated. First, learn what money is. Then, you will be able to leverage the massive opportunity that is Bitcoin.
If you think the people in charge know exactly what they’re doing, do nothing & continue on with your life. If you think those in charge may NOT actually be as smart as they want us to think, buy a little Bitcoin. The status quo is a bet on humans, but Bitcoin is a bet on math.
Bitcoin is only risky to those who don’t understand it.
Short term volatility doesn’t phase long term investors.
If you manage your risk, your profits will take care of itself. If you don't, your parents will take care of you.
For every person in the world, there are only 0.00225764 bitcoins.
If you did your research, this bear market was expected. Bear or bull market, it’s business as usual for true Bitcoiners.
For Bitcoin to succeed, the whole world doesn't need to understand its value proposition. Those who do will profit from its monetization. Those who don't will naturally adopt this better money.
Economic reality imposes itself onto the world whether you're aware of it or not.
This is not financial advice. This is life advice. Buy Bitcoin.
If Banks & Fiat are horse carriages, then Bitcoin isn't merely cars, it's fucking teleportation.
How Bitcoin enables global prosperity:
Bitcoin makes you future-oriented Bitcoin makes delaying gratification easier Bitcoin makes saving & capital accumulation easier Bitcoin makes investing easier Bitcoin makes global trade easier Bitcoin makes advancing civilization easier
Bitcoin is the ultimate marshmallow experiment. People who are able to hodl for longer will tend to have better life outcomes.
Other than your human time, Bitcoin is the scarcest thing on earth. Human time will become more abundant as life expectancy increases. Bitcoin, however, will only become scarcer.
The energy cost of Bitcoin mining will pale in comparison to the improvements in the world’s productivity and prosperity that are enabled by Bitcoin.
Pros of bear market:
-You can buy more Bitcoin -Devs more productive than ever -Weak hands driven out+hodler base strengthened -Focus on fundamentals, not short-term price -Overvalued shitcoins deflated -Critical Infrastructure being built out, making next bull run even fiercer
The more productive we are during the bear market, the harder Bitcoin will pump in the next bull market. Ignore short-term price action. Focus on Bitcoin fundamentals.
Bitcoin bear market is the best time for buying, learning and staying miles ahead of the normies who will once again be late to the game and will buy the top.
Before you invest in Bitcoin, invest in educating yourself about Bitcoin. Understanding Bitcoin will make your conviction much stronger and enable you to maximize your gains.
There are 2 ways you can adopt Bitcoin:
Early on & willingly-> result: allows you to capture upside as Bitcoin grows & becomes widely used or
Much later & not having another choice-> result: failing to capture most upside from Bitcoin's monetization.
The choice is yours.
The overwhelming majority of highly intelligent people I talk to still have no idea why Bitcoin is valuable. We are extremely early. The ability to identify opportunity before others and take advantage of the information asymmetry is key.
Bitcoin will succeed with or without you. Don’t be left behind.
In the 90s people couldn’t imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things. Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.
If every millionaire in the US wanted to have just 1 bitcoin they wouldn't be able to. There will always be fewer bitcoins than there are millionaires in the US (let alone the whole world). Ignore this at your own risk.
The corporations & institutions that stand to lose from Bitcoin adoption are made up of individuals who stand to benefit massively from Bitcoin adoption. Realizing that every group or entity is made up of self-motivated individuals is key to realizing why Bitcoin will succeed.
Bitcoin self-selects for people with:
* Low time preference * Long attention span * Commitment * Authenticity * Patience * Persistence * Ability to focus * Ability to go against the mainstream Bitcoin is a marathon, not a sprint.
If you don’t have a deep understanding of:
What money is
Functions of money
Money properties that fulfill its various functions
Then don’t you dare criticize Bitcoin.
Bitcoin doesn’t care:
- what color you are - what sex you are - what age you are - what your religion is - who your parents are - which university/school you went to - who you’re friends with - how expensive your lawyer is Bitcoin cannot discriminate.
You chase money every single day. You stress over money all your life. You worship money.
But you have no idea why money is valuable. Money controls your life because you have no understanding of what it is. Once you ask yourself “What is money?”, Bitcoin will make sense.
Satoshi Nakamoto deserves:
- Nobel Prize in Economics - Nobel Peace Prize - Nobel Prize in Physics But thankfully the last thing Satoshi needs is the validation of the establishment.
Bitcoin is doing better than corporations & altcoins though it never had:
- CEO - Marketing - Salaries - ICO - Partnerships - Headquarters - Customer support Bitcoin is an emergent superorganism. Members contribute according to their ability, driven by passion more than greed.
July 2011 - $31
- “Damn, I should've bought bitcoin earlier” Apr 2013 - $266 - “Damn, I should've bought bitcoin earlier” Nov 2013 - $1,242 - “Damn, I should've bought bitcoin earlier” Dec 2017 - $19,891 - “Damn, I should've bought bitcoin earlier” 2022-2023 - ... - “Damn..”
Successful crypto trading boils down to correctly predicting how the whales will torture the normies next.
Bitcoin doesn’t wait for anyone. It’s up to you if you want to learn this the hard way.
Percentage of world using the Internet in 1995 = 0.4%
Percentage of world using the Internet in 2019 = 58.8% Bitcoin is to money what the Internet is to information. Percentage of world using Bitcoin in 2019 = 0.4% If you thought you are late to Bitcoin, think again.
I didn't choose the dollar.
I didn't choose the euro. I didn't choose the pound. I didn't choose the yen. I didn't choose the ruble. I didn't choose fractional reserve banking. I didn't choose central banks. I didn't choose quantitative easing. I choose Bitcoin.
Go to location
Social Security #
Proof of address
Unreadable legal docs
Wait a week for your funds
Which one will the next generation choose? Many of these wisdom quotes are from the author of the new book called “This ₿ook Will Save You Time”, and he's donating all of the proceeds from the book sales to a Bitcoin developer.
1-Dyson spheres 2-Ring worlds 3-Deathstar like bases. 4-Sun forge like from avengers; inifinity war 5-Artifical planets 6-Giant gateways that allow planets to transfer other galaxies 7-Science Nexus 8-Sentry Array 9-Mega artistic objects 10-Giant settelaties 11-Hallow planets 12-Artificial suns 13-Artificial black holes 14-Planet-sized giant ships 15-Space elevators 16-Planet spanning rings 17-Giant asteriod stations 18-Artifical star systems 19-Spacehulks (from warhammer 40k) 20-Giant mining stations 21-Hallows stars 22-Flattened worlds/Disk worlds 23-Machine worlds 24-Webway (From warhammer 40k) 25-Contructs inside of black holes 26-Artifical Dimensions 27-Dimension Nexus that connects with other dimensions 28-Artifical moons 29-Artifical habitable biological constructs 30-Planet/starsytem/galaxy sized giant super computers Crossallthewires 31 - Space Elevators leading from a planet's surface to an orbital platform. 32 - A Sun- Starter, a gigantic orbital platform made up of rings that orbit a sun and blast it with energy to stave off it's inevitable death. 33 - An entire planet, equipped with a vast engine to allow it to travel around the universe. 34 - An interplanetary junk barge with gigantic crushing claws and arms, capable of turning any of these other structures into scrap-metal. 35 - A forcefield generator covering an entire planet (think Rogue One) Zombehking 36 - a supercomputer atomized and scattered in a dust cloud around a solar system, still functional. 37 - star engine to move solar system(s) like space ships. 38-A Giant, planet sized robot 39-A giant, planet sized mech 40-A giant, sun sized robot/ship 41-A giant, sun sized mech/ship 42-A starsytem sized robot/mech/ship 43-A galaxy sized robot/mech/ship 44-A cybrog planet 45-Alive/bio organic contruct planets Martinus_XIV 46-A giant machine that slowly travels from solar system to solar system, devouring planets as it goes. It is a weapon of mass destruction leftover from an ancient, devastating war. 47-A void in space where nothing exists; no matter, no energy, no dimensions, inhabited by an intelligence that likes to toy with spacefarers that wander into its domain. 48-A generation ship embedded within an asteriod. The inhabitants have long since forgotten its mission and don't even know that there is a world outside of their ship. 49-A Dyson Sphere-like structure built around a black hole, generating power by shooting particle beams through its ergosphere. 50-A stellaser; a Dyson Sphere-like structure harnessing the power of a star into a Death Star-like laser. 51-A Boltzmann-civilization; an entire civilization that has just popped into being as a result of a quantum fluctuation. It didn't exist a few seconds ago, yet believes it has a history going back millions of years. 52-A massive klein bottle that actually loops through the 4th dimension. 53-Planet core forges 54-Giant planet water cleaners 55-Giant trash disposers 56-Giant, hard light constructs Zer05tar 57-Communications Array - Able to communicate with far distant outposts, both allies and enemies. 58-Power Refiling Station - Unmanned stations that is in orbit that collects solar power and converts it to usable energy for ships that are out of juice. Complete with wet bar and hour rates hotels. FirstChAoS 59- A series of giant lenses that can be aligned to turn thesun into a giant laser 60- A mining machine designed to grind whole planets into ore. ArchDeconstructor • 61- Gravitational sling engine: a sun-sized array of concentric facilities that can manipulate gravity to send nearby celestial bodies on targeted parabolic arcs at nearly the speed of light, or to target faraway systems and very slowly adjust their location relative to other nearby systems. • 62- terraforming drone supercarrier, which drops into star systems it hasn't visited before and deploys millions of building-sized robotic platforms to terraform any suitable planetary masses. Or to create planets, by smashing lots of smaller junk together, and then terraforming those. • 63-galactic FTL inhibitor, which draws upon the ambient gravity of the galactic core to constantly, potentially fatally, disrupt any attempts to enter FTL while within the galaxy it was built in. • 64-planetary museum, composed of sextillions of metric tons of structured spacetime computation to store information, and matter-holography chambers to assemble or at least visualize exhibits. • 65-An Infinite Forest a la Mercury in Destiny/Destiny 2, a planet reshaped into forms of exotic programmable matter that simultaneously simulate multiple timelines branching past and forwards. • 66- A solar system-sized containment field acting as a zoo for spacefaring organisms. 67-Artificial white holes 68-Artifical nebulas 69-Stellar engine 70-A warp hole that allows time travel 71-A warm hole that transports suns to other systems 72-Jump gate, a gate that reduces travel time between systems 73-Bishop ring 74-Niven ring 75-Shkadov thruster 76-Kraskinow tube 77-Portal that allows instant travel 78-Stargate 79-Hyper gate 80-Space bridge 81-Halo 82-Banks orbital 83-Alderson disk 84-Stellar scale 85-Gas giant refinary 86-Cloud city 87-Aerostat 88-Bernal sphere 89-Rungworld 90-Space ladder 91-Skyhook 92-Launch assist tether 93-The crystal megabore 94-Psionic hypersiphon, allows psionic powers enhanced in a star sytem and allows telepatic comunication 95-Teleporter that allows instant teleportation in a starsytem both for vehicles and people 96-The lunar speculorefractor 97-The hyperstructural assembly yard 98-The birch world 99-Ecumenopolis Doug mantis • 100- massive catamari. • 101-Universe simulation computer. • 102-Gravity rod launcher, shoots planet-sized rails at FTL speeds. • 103-Terra-deconstructor, surrounds and melts/harvests planets. • 104-A pack of supermassive cybernetic space-whales. • 105-Quadrillionaire's private docking station. • 106-Private megastructure construction facility, build all this shit. • 107-Big-bang generator, turns matter into nothing, generates power. • 108-Defeated grey goo blob, enormous mass of electronic goo, now non-functional. • 109-Supermassive Bitcoin miner, mines bitcoin so efficiently that all other miners are rendered useless. • 110-Sphere inversion machine, allows planets to exist in their own pocket dimension. • 111-'Song of the Aairomng', a massive machine built to generate noise in the vacuum of space. Blasts strange music throughout it's galaxy. 112-City from vallerian and the city of thousand races or something Slaaich 113-Culture Orbital 114-O'Neill colony 115-A massive spiderlike machine that captures habitable planets and drags them back to a central solar system where it collects them. 116-massive prison ship designed to hold a Leviathan capable of eating entire stars. Empty and showing signs of damage. 17-Satellite equipped with stealth technology that sits in orbit around pre interstellar planets and subtly manipulates the civilizations below into accepting alien invasions Holy, moly that was fast. Since my computer skills are so poor i am just going to add all this to a comment on which you create D100(or you know, more) I want to thank each and every one of you for this. I couldn't do it without you.👏 PS;(If you want write more just do it. I will add the no mater what. More content are always welcome😀)
The Dow fell 973.65, or 4.44%, to 20,943.51, the Nasdaq lost 339.52, or 4.41%, to 7,360.58, and the S&P 500 declined 114.09, or 4.41%, to 2,470.50. The stock market retreated more than 4% to start the second quarter on Wednesday, as President Trump warned that the next two weeks will be "very painful" in terms of coronavirus fatalities. The S&P 500 (-4.4%), Dow Jones Industrial Average (-4.4%), and Nasdaq Composite (-4.4%) each fell 4.4%. The Russell 2000 underperformed with a 7.1% decline. In COVID-19 news, The Hill reported that Florida Governor Ron DeSantis said he will sign an executive order requiring the state's residents to limit their movement outside of their homes. DeSantis has faced intense criticism for refusing to issue a stay-at-home order, the report noted. Meanwhile, the latest data from the Johns Hopkins Whiting School of Engineering shows there are now 911,308 confirmed cases of COVID-19 and 45,497 deaths due to the disease. The coronavirus task force on Tuesday estimated that deaths attributed to COVID-19 could total 100,000-240,000 in the U.S. with daily deaths projected to peak in two weeks. To help contain the outbreak, and hopefully bring these figures down, Florida, Nevada, and Pennsylvania joined the growing list of states to issue 'stay at home' orders for 30 days. Original assumptions made by the medical community were based on the data coming out of China, which the U.S. intelligence community said underrepresented the real number of cases and deaths in the country, according to Bloomberg. The White House's projections, based on new data being released every day, had the market worried about the social and psychological effects on the economy. In U.S. data, ADP reported private payrolls fell "only" 27,000 in March, which was not as bad as many had forecast. However, ADP acknowledged the data don't really reflect the realities on the ground as a lot of the firings have taken place after the week that ended its survey. The ISM manufacturing index dropped 1.0 point to 49.1 in March, which was also not as bad as feared. Markit's manufacturing PMI was revised down to 48.5 in the final print for March. That was a little lower than the 49.2 flash reading for the month and down 2.2 points from February's 50.7 reading. Construction spending dropped 1.3% in February. In China, the Caixin manufacturing PMI climbed 9.8 points to 50.1 in March, almost fully recovering from the 10.8 point drop to the record low of 40.3 in February. The better than expected bounce is in line with the surprising 16.3 point jump in the official index to 52.0. In turn, no S&P 500 sector was spared in today's sell-off with ten sectors losing at least 3.0%, including 6.1% declines in the real estate and utilities sectors. The consumer staples sector performed relatively better with a 1.8% decline. In M&A news, TMUS announced that it has officially completed its merger with S to create the new T-Mobile. The company also announced that with close of the merger, it has successfully completed its long-planned CEO transition from John Legere to Mike Sievert ahead of schedule. Among the notable losers was XRX, -7.1% withdrawing its offer to acquire HPQ, -14.5%, MAR, -7.6% disclosing a data breach that affected 5.2 million customers, and M, -9.8% being removed from the S&P 500. Shares of GM fell 7.3% after the automaker announced that it delivered 618,335 vehicles in the U.S. in the first quarter of 2020, a decrease of about 7% compared to a year ago. "The industry experienced significant declines in March due to the outbreak of COVID-19," noted GM in its sales announcement. Meanwhile, FCAU reported a 10% decline in its first quarter sales to 446,768 vehicles, also noting that "the strong momentum in January and February was more than offset by the negative economic impact of the coronavirus in March." Additionally, Toyota North America (TM) reported that sales in March fell 36.9% on a volume basis and 31.8% on a daily selling rate basis year-over-year. Among the noteworthy gainers was KGC, which rose over 11% after it said its mines continue to operate and have not materially been impacted by the COVID-19 pandemic. The company also withdrew guidance for fiscal 2020 in light of the outbreak. Also higher was AMRN, which surged 24.5% after Jefferies analyst Michael Yee hosted a conference call with life sciences patent lawyer Jacob Sherkow to discuss the Vascepa patent litigation. During the call, Sherkow said that he believes Amarin has a 50% chance to win an appeal and a more than 80% chance of getting an injunction. In the oil market, the Wall Street Journal reported that Cherony7 is scheduled to meet Friday with the heads of some of the largest U.S. oil companies to discuss government measures to help the industry weather an unprecedented oil crash. The meeting is to take place at the White House and will include Trump, XOM Chief Executive Darren Woods, CVX Chief Executive Mike Wirth, OXY Chief Executive Vicki Hollub and Harold Hamm, executive chairman of CLR, according to the Journal. Stocks in Asia were lower on Wednesday as a private survey showed Chinese manufacturing activity expanding slightly in March. In Japan, the Nikkei 225 led losses among the region’s major markets as it dropped 4.5% to close at 18,065.41.
The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic. The U.S. Dollar Index rose 0.6% to 99.65, approaching yesterday's high.
EUUSD: -0.9% to 1.0933
GBP/USD: -0.4% to 1.2373
USD/CNH: +0.6% to 7.1290
USD/JPY: -0.3% to 107.16
U.S. Treasuries ended the midweek session on a mixed note for the second day in a row, but shorter tenors underperformed today while longer tenors recovered yesterday's losses. The long end outperformed from the start after Treasury futures rallied overnight. That rally took place as most global equity markets faced renewed selling pressure to begin Q2. 10s and 30s built on their opening gains during the first two hours of trade, while the 2-yr note headed in the opposite direction before rallying toward its high into the close. Interestingly, the late push in the 2-yr note took place as longer tenors slipped to fresh lows.
2-yr: +2 bps to 0.22%
3-yr: UNCH at 0.27%
5-yr: -1 bp to 0.37%
10-yr: -6 bps to 0.64%
30-yr: -6 bps to 1.29%
Gold prices firmed on Wednesday as investors sought safe-haven assets after somber U.S. economic data exacerbated fears of a economic downturn amid increasing lockdowns and other restrictions globally to combat the coronavirus pandemic.
WTI crude: -1.0% to $20.32/bbl
Gold: -0.1% to $1592.40/ozt
Copper: -2.3% to $2.176/lb
U.S. grain and soybean futures fell in tandem with a sinking stock market on Wednesday, with wheat down more than 3% in its largest slide in more than a month after nearly two weeks of gains fueled by coronavirus grocery stockpiling. Soybeans fell more than 2%, the most in 2-1/2 weeks, and most corn contracts posted fresh life-of-contract lows as worries over burdensome supplies weighed on prices.
Following Bitcoin’s bout of consolidation within the mid-$6,000 region, the benchmark cryptocurrency has seen a slight decline that has led it down towards the support that has been established around $6,000.
Got this weird DM on reddit idk what this guy is up to have any of you ever heard of this https://tradeoptiongains.com Site? u/mikerobin25 Mikerobin2501:52 AM Hello there IDEKMyUsername09:34 AM Howdy Mikerobin2509:47 AM How's it going? IDEKMyUsername12:13 PM Not bad. What's up Mikerobin2512:36 PM I'm doing quite alright, How about you? IDEKMyUsername12:53 PM Not bad Mikerobin2501:39 PM Well, I don't mean to intrude but are you familiar with the term "cryptocurrency", Bitcoin to be precise? IDEKMyUsername03:10 PM Yes Aye Mikerobin2503:25 PM Well, I'm at the moment engaging in an outreach aimed at expanding the clientele of my platform and enlightening the populace on the monetary potential of bitcoin trading and mining. Would you be interested in this? IDEKMyUsername03:26 PM Uh yeah sure I can look into it. What does it include? Mikerobin2503:28 PM Are you familiar with the term "Bitcoin trading"? IDEKMyUsername03:29 PM Yeah somewhat Like selling and buying it? Mikerobin2503:33 PM Well, Bitcoin trading is the process of making profits by buying Bitcoin at a low cost and selling it when the price goes up, This method is referred to as Dollar Cost Averaging(DCA). The Bitcoin trade is volatile, and price move by a significant margin. This activity is done on trading platforms. Are you following? IDEKMyUsername04:07 PM Yep gotcha so far Sorry had to pickup a call Mikerobin2506:51 PM No problem mate. Every platform has an investment procedure and ROI method. Unlike other platforms that engage in day trading (profiting from the volatility of bitcoin which is inefficient), My platform is registered with S9 ant miners that mine the bitcoin you invest to increase exponentially and that’s how you earn profits. Have you heard of the term "Bitcoin mining"? IDEKMyUsername06:52 PM Yes I have Mikerobin2506:57 PM Good. For clarification, Bitcoin mining primarily involves generating and earning off the confirmation of blocks of transaction on the network such as the Blockchain network. This is made possible with the use of special and sophisticated devices called the Bit main devices, Such as the AntMiner S9 and ASIC hardware. These devices are extremely expensive to maintain and require a lot of electricity generation and technical expertise which makes it rarely an option for private individuals who are interested in going into Bitcoin mining. But my platform has been able to provide for this disability. Are you following? IDEKMyUsername06:57 PM I feel ya Yes Mikerobin2507:01 PM Moving on, My platform operates a full S9 Antminer farm. The Antminer s9 has a hash rate of 12.93TH/s which is -+ 7%, Which could generate a ROI of 0.5 BTC within an investment period depending on the investment capital. Note: ROI stands for return of investment while hash rates a measure of how many times the network can attempt to complete this puzzle every second. This means that hash rate is a good indicator of the Bitcoin network's health. Do i still have your attention? IDEKMyUsername07:02 PM Yes Mikerobin2507:05 PM Finally, All investments are made and monitored by the client (you) on the platform's website as you earn profits daily and you can contact me a "Broker" on the platform whenever you need assistance or more information. https://tradeoptiongains.com IDEKMyUsername07:05 PM Hm U have a history of wise investments? I mean don't really know you so not like your a "professional" of any means Mikerobin2507:06 PM Certainly We've been running for a span of 4 years now with optimum services provided IDEKMyUsername07:38 PM oh wow gimmie some more deets? how much money would I expect if i put a quick g bar in? IDEKMyUsername07:53 PM hm? Mikerobin2507:54 PM An investment of $1000 amounts up to the standard ROI stated above which is 50% of 1 bitcoin. Apologies for the late reply, Was attending to a client of mine. IDEKMyUsername07:55 PM so invest of about $1000 would give ruffly 5? nah ur good fam like how I go about that tho u know cause isn't bitcoin like kind of high right now? Mikerobin2507:57 PM Yeah though it would have been more profitable if you had started earlier when it was cheaper but you should be expecting more returns due to the halving coming up. https://www.bitcoinblockhalf.com/ IDEKMyUsername07:58 PM how high you think its going to get? Mikerobin2507:59 PM Its a highly speculative asset but from my experience and following it's previous halving events, Probably 15-18k. IDEKMyUsername08:01 PM oh jeez thats like as big as the big boom right? how you know its gonna do that? and what if it doesn't lol? do I just l;ose it all Mikerobin2508:05 PM Exactly. If it doesn't, It would remain at its breaking point of 9k or peak point of 10k but i highly doubt it doesn't pump(rise) based on past halving events. You can simply get started by creating your personal account on the platform by which you can start by purchasing bitcoin and you can do this by clicking on the "Register" icon to get started. IDEKMyUsername08:05 PM hmmm idk Kinda need some more security u know what I mean? Mikerobin2508:08 PM I understand. Loses are only made when you sell off, You money remains intact whether it rises or falls as long as you don't sell but your ROI is fully attained on your account on the platform. IDEKMyUsername08:09 PM o Mikerobin2508:10 PM Indeed Mikerobin2508:20 PM Any more questions? IDEKMyUsername08:20 PM uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh no Mikerobin2508:22 PM Okay then, I'm available here if you're interested and need my assistance Enjoy the rest of your day. IDEKMyUsername08:25 PM o ok Yesterday Mikerobin2501:48 PM https://www.fxstreet.com/cryptocurrencies/news/breaking-bitcoin-price-takes-down-9-000-as-10-000-beckons-202004300334 https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-gold-oil-2020-best-performing-assets-a9492641.html IDEKMyUsername01:51 PM O I bought it Mikerobin2501:51 PM Pardon? IDEKMyUsername01:52 PM I bought one Mikerobin2501:52 PM On what platform? IDEKMyUsername01:54 PM I'm idk the one u sent me Um* Mikerobin2501:55 PM Really? When did you do this and why wasn't i informed? Today IDEKMyUsername10:19 AM Oh like last last night I thought it was expected U sent me the link and everything ;( Mikerobin2510:22 AM You would have informed me so i can enlighten you more on the procedure. Are you aware that it's a mining platform and you earn profits as an investor? IDEKMyUsername10:23 AM Yah so what would profit be ya reckon? For let's say $1000 over liek a year Mikerobin2510:24 AM What name did you use in registering the account? IDEKMyUsername10:24 AM Uh I'd have to look it up But how much profit did u say it would be about? Mikerobin2510:27 AM 0.5 BTC a month depending on your investment capital that is, I would need the name of your account to register it under my personal database so i can provide you with information and assistance when needed. IDEKMyUsername10:28 AM O damn that's some big bucks right there .5 btc like what 4g? 4 times 11 that's $44,000 a month Mikerobin2510:30 AM How much did you invest and what is the name of your account? Your profit is calculated in respect of your investment capital IDEKMyUsername10:31 AM Like 11grand Mikerobin2510:31 AM And the name? IDEKMyUsername10:31 AM Mmmm How do I find it? Is there a way on the site Mikerobin2510:31 AM What name did you use in creating the account? Didn't you register? IDEKMyUsername10:32 AM Oh like my irl name I thought u meant like a username Mikerobin2510:32 AM Username is what i mean IDEKMyUsername10:33 AM It's gonna be under Jeffery Henderson Jeffery L. Henderson Mikerobin2510:35 AM Okay, Give me a second to record it and ascertain your expected profit. IDEKMyUsername10:35 AM Sick Did u find my account? Mikerobin2510:41 AM I can't find your records on the platform, Maybe a technical difficulty. Could you please sign in and send me a screenshot of your funds deposited through discord please? IDEKMyUsername10:41 AM So tell me mike Where's the cash? Mikerobin2510:41 AM Pardon? IDEKMyUsername10:41 AM You lost it, oh you misplaced it. Now mike you know I don't like to be lied to right? Mikerobin2510:43 AM Since i can't find your account on the platform, I guess that's the ending of our conversation. Good day. IDEKMyUsername10:43 AM So why THE FUCK ARE YOU LIEING TO ME Mikerobin2510:44 AM Prove that you have an account on the platform by sending a screenshot IDEKMyUsername10:44 AM I cannot I did it on Computer Mikerobin2510:45 AM The sign in through your phone, Do i seem like a fool to you? I have a lot of clients to attend to and i don't have time for games IDEKMyUsername10:45 AM I ain't the I one that took another man's money and now can't find it You don't have other clients Let's not play games here How do I get my money out of this depreciating asset? You better help me get my money out of this or were going to have a major issue Mike... IDEKMyUsername11:16 AM U serious rn bro? Ur gonna scam me out of my 💰 ? A day will come when you think yourself safe and happy,. But suddenly your joy will turn to ashes in your mouth. and you'll know the debt is paid IDEKMyUsername08:01 PM Br You still my 11 grand Stole What's your name Tell me Or I'll find you
2/6 Disclaimer: This is my editing, so there could be some misunderstandings. Anyone who wants to read everything should go to the 'spec' of Paracosm discord. IMHO, Hans's philosophy and motivation is worth sharing widely. Hans Moog [IF]어제 오전7:57 People are more motivated then ever Hans Moog [IF]어제 오전8:02 the point is that the IF is not going to be there forever - its not meant to having a self sustainable ecosystem is very important for the maturity of the protocol Hans Moog [IF]어제 오전8:03 No it's not if IF would cease to exist tomorrow - it would be finished by the people working for the IF anyway I am 100% sure and if i would have to do it alone ... Hans Moog [IF]어제 오전8:05 we can all do it together - and we are actually doing it already hornet and goshimmer have VERY close ties they are really good friends and very capable coders its an honor to work with them Hans Moog [IF]어제 오전8:06 [when do you reckon the shift to binary will take place?] its being merged in goshimmer tomorrow :smile: Hans Moog [IF]어제 오전8:14 [about Multiverse] the last statements of popov was that it "might work" he still has some concerns i guess he still tends to think the chances of it not working as bigger than the chances of it working I am 100% sure it works - but maybe its on me to prove that with a fully functional prototype. Hans Moog [IF]어제 오전8:17 My goal is to show a prototype being able to process 10 million tps by the mid of this year - we will see if I can pull this off maybe time will be rare, considering the parallel work on coordicide maybe I should aim for end of 2020 instead Hans Moog [IF]어제 오전8:19 of course it includes sharding that whole point of IOTA is sharding and a completely new form of sharding Hans Moog [IF]어제 오전8:19 [why 10m TPS?] its just a random number some kind of goal post so you can process the entirety of bitcoins history in 1minute and 30 seconds? would be a nice thing Hans Moog [IF]어제 오전8:21 coordicide and multiverse would essentially use the same sharding principles I hope that we can share more on that soon Oh its quite concrete we are starting to write math papers about it already Hans Moog [IF]어제 오전8:23 FPC is perfectly fine for sharding you have to forget the discrete sharding world of blockchains where you just make n copies of the same thing its very different Hans Moog [IF]어제 오전8:30 I would LOVE to share that with you but maybe just wait a but longer - we will be more open about this pretty soon let's just say that we still have some aces in our sleeves Hans Moog [IF]어제 오전8:49 nope I am completely new in crypto but I am pretty sure that some people might "know me from before" if they would know what I did before Hans Moog [IF]어제 오전8:57 dude the IF has reached a stage where it would survive without anbybody I could drop dead tomorrow and the IF would continue, same goes for David or anybody else Hans Moog [IF]어제 오전9:00 all the corporates and everything ... it might not be fully reflected in the price yet but IOTA has a really really bright future Hans Moog [IF]어제 오전9:01 I think we are starting to see a pretty bullish sentiment around IOTA lately I only hope that its due to our increased transparency with a clear roadmap and everyhting, and not just some random fluke in the prices It would just feel much more "rewarding" to be a consequence of our efforts :joy: Hans Moog [IF]어제 오전9:05 i am buying more IOTA every month : was very happy about the low prices but I can understand that if you just "have to believe" and have no insight about the actual progress, then these prices can feel more concerning than a "bargain" Hans Moog [IF]어제 오전9:13 Do you really expect a guy working on IOTA to not be bullish about the tech and everything? I am not in IOTA for the moneyzzz Hans Moog [IF]어제 오전9:18 if you are asking for investment advice, then I am most probably the worst person to ask as my trades in crypto have always been horrible Hans Moog [IF]어제 오전9:20 I didn't have the chance to be around in the ICO days so I need to take what's left Hans Moog [IF]어제 오전9:27 I don't know man - everybody that I know is not willing to sell Hans Moog [IF]어제 오전9:35 Yassin is the proof that "reputation" is worth something A man of honor - my deepest respect to you man People who stick to their word and can be trusted are sadly a rare thing in today's world Hans Moog [IF]어제 오전9:39 I anyway think that we have way too much tribalism in crypto people should really stop praising "people and projects" and instead start to praise ideas and concepts Hans Moog [IF]어제 오전9:43 I mean I get the whole concept of having a single currency and shit, but if the tech is bad? I mean this is the first time in the history of humans that we can "design" the very foundation of our social and economical layer why would we not go for the best available tech? bitcoin was "a breakthrough" when it was released and it helped to kickstart a whole field of research but its clearly not the best possible solution Hans Moog [IF]어제 오전9:47 ultimately the best tech will win just look at bitcoins dominance its fading long term sure it was time for a correction from the 2017 run of alts Hans Moog [IF]어제 오전9:47 but the overall trend is pretty clear bitcoins days are numbered Hans Moog [IF]어제 오전9:54 maybe I can leak one thing about IOTA's sharding solution without giving away too much: Every single node can individually decide how much data it wants to process - so you can have very very resource-constrained nodes like sensors and stuff in the same network as nodes with hundreds of cores and they will be able to work together seamlessly there will essentially be no "minimum hardware requirements" for a node (of course you have "some" requirements to even be able to run some kind of logic) Hans Moog [IF]어제 오전9:56 We are on the forefront of research when it comes to VDF's but its not really related VDFs would maybe be a way to replace PoW in the future as a rate control mechanism Hans Moog [IF]어제 오전9:58 you don't need big nodes you can be as big as you want to be but naturally some nodes will have more power than others Hans Moog [IF]어제 오전10:01 possible - the whole mana system is based on "reputation", if you run a reliable cluster of nodes that people are willing to use, then you can earn mana and since mana decides how many transactions you can issue, you can of course "allow others to use your resources" for money so operating a reliable node cluster could be sth that people might do "for a living" in the future maybe it would be best to build up a reputation already today Hans Moog [IF]어제 오전10:03 if you have funds in the network, then you will generate more than enough mana to have enough "shares" in the network to use it for free but if anybody wants to just piggyback on the network without holding tokens, then he might have to pay a "fee" Hans Moog [IF]어제 오전10:05 if you want to send a lot of data transactions, then you better have some tokens I mean its just fair, right? you don't have any stake in the network but you wanna use it? then pay for it but people who have funds in the network can use it for free Hans Moog [IF]어제 오전10:07 i think ultimately the community will provide a plugin for the nodes, where you can "automatically" rent your excess reputation for some income Hans Moog [IF]어제 오전10:08 [what would the income be ?] tokens IOTA Hans Moog [IF]어제 오전10:09 by the people who want to use the network more than what their token holding would allow them to so they rent "mana" from the people who have it Hans Moog [IF]어제 오전10:10 the internet took off when flat-rate emerged and prices became predictable the same is true for crypto Hans Moog [IF]어제 오전10:11 thats why companies like IOTA so much ... it creates a platform that has "predictable" prices any mining based crypto will never be able to offer the same Beeing feeless is not just a "funny feature", its the key to mass adoption Hans Moog [IF]어제 오전10:14 If I run a node and have funds in the network, then why would I pay anybody anything? I am supporting the network already by using it Hans Moog [IF]어제 오전10:16 Yeah we are using "mana 2" now which is also the one that is implemented in the goshimmer mana package the formulas are going to change a bit tho we had like 16 different versions of mana with all very different implications on game theory and code Hans Moog [IF]어제 오전10:18 but serguei is the expert when it comes to game theory and we are pretty confident that we have chosen the correct survivor Hans Moog [IF]어제 오전10:19 [The mana implementation does seem like the slipperiest slope] it uses a few economic theories from the early 20th century (from silvio gesell) by having smth like a "demurrage function" so the rich dont get richer its software - if any design decision turns out to be problematic, you patch it Hans Moog [IF]어제 오전10:20 [So it’s hard to maintain a high mana] its not like you have to live with it for thousands of years like in our current FIAT system if you make it right from the start, the rich will never become that powerful that they could even dare to fork Hans Moog [IF]어제 오전10:22 you are "RENTING" out your excess resources that doesn't mean that you will broadcast everything unseen If somebody tries to use your node to perform an attack you will just ignore it of course you might "lose the fees" that they would be willing to pay you to perform this attack, but ultimately you will have to decide what is more valuable to you the few cents of IOTA you earn or your "reputation / mana" Hans Moog [IF]어제 오전10:25 the nodes will perform all of the sanity checks, so they don't "accidently" take part in an attack of course the point is that its a voting system based on mana if I use your node to "issue a transaction", then I maybe pay you for issuing this tx but your "opinion on that tx" is independent of that Hans Moog [IF]어제 오전10:29 actually I even think that the whole coordicide principles especially in connection with the sharding are very much in line with cfb's initial vision - and I am actually a bit sad that he never really dared to honestly look into them Hans Moog [IF]어제 오전10:29 I was even thinking about "naming" the multiverse "cfbs vision" once maybe its more (pauls's vision) than cfbs vision paul handy was one of the other early developers of IOTA btw. and a very very smart person I have to say a lot of the ideas that we are currently pursuing go back to his line of thinking Hans Moog [IF]어제 오전10:32 the infamous "ontology principles" the ultimate goal is to be able to run "anything" on the tangle - not just value transfers but literally anything, event remotely related to DLT's I envision IOTA being a general purpose DLT platform pretty much like TCP/IP was for the internet Hans Moog [IF]어제 오전10:36 I introduced "broadcasts" a few days ago as a new concept that is the equivalent of UDP messages Hans Moog [IF]어제 오전10:49 I think that one of the things where cfb and me disagree regarding the "vision of IOTA" is that he think thats we should "finalize" the protocol as soon as possible (or "set it in stone" as he likes to call it), so hardware manufacturer can start to build hardware, whereas I think that it makes much more sense for it to be something like an "open evolving standard" that is so flexible that you can literally build whatever the fuck you want based on this protocol. The internet wouldn't have been the internet, if it would have "just" been for sending scientific messages between researchers. I can not anticipate and know what humans might do with DLT in the future, so limiting myself to "only value transfers" is IMHO the wrong decision. for something to be successful, it needs to be able to "model" everything that could possibly exist Hans Moog [IF]어제 오전10:51 IOTA will be able to run "anything" on top of it - even "virtual instances of other cryptocurrencies" and its not going to be some quirky slow emulation - it would most probably even be faster and more reliable than when being implemented without it Hans Moog [IF]어제 오전10:52 similar to "INTEL inside" you will most probably see sth like "Tangle inside" soon Hans Moog [IF]어제 오전10:54 "any application" running on top of the tangle (MAM, DID, Qubic, Matrix ... you name them) would ALWAYS have to be able to process IOTA value transfers THAT's what will give the token a value Hans Moog [IF]어제 오전10:55 if everybody can already "speak the same language" anyway, then people will also use that language to communicate which means that people will use the IOTA token to transfer value so we don't need to "force ourselves" on others - they will come by themselves because its the only thing that makes sense Hans Moog [IF]어제 오전10:57 [so Hans, $10 EOY still ?] if btc stays where it is? hard to achieve i'd say most probably not it always takes some time for people to "wake up" dunno maybe it goes fast most weak hands are gone in IOTA Hans Moog [IF]어제 오전11:00 But seriously guys ... the price of course is interesting but if we are able to pull this off, then this will be the start of a new form of society it will affect everything the way we interact .... even the way we behave towards each other I am not even sure if you need to be "rich" in that kind of society Star trek sounds like a nice vision Hans Moog [IF]어제 오전11:20 [once IOTA is completely implemented, its gonna be a matter of energy consumption optimization race I guess?] ultimately, yes whatever crypto is going to be the "cheapest" one to "operate" will win Hans Moog [IF]어제 오전11:22 BUT that is at the same time "expressive" enough to not have "niches" for weird competitors, that claim to be even a "little bit better" in one of the aspects it needs to be the best possible solution that humans are most probably able to come up with Hans Moog [IF]어제 오전11:23 if even the smallest something can be improved, then it should become part of the core rather than a competing project not having miners and being able to "upgrade" whenever it is necessary, is what will give IOTA power not setting stuff in stone today Hans Moog [IF]어제 오전11:29 I guess what fascinates me the most about IOTA is that people have a different kind of philosophy - in crypto people are usually sharing the mindset of "let's destroy the banks ... or .... the FED ... or whoever they consider to be their enemy IOTA for me is not so much about "destroying somebody else" rather than "creating something new" Hans Moog [IF]어제 오전11:30 But the "mindset and motivation" makes all the difference And I feel like large parts of the community "understand and share" that vision Hans Moog [IF]어제 오전11:34 there are plenty of "problems" where DLT is not the right answer but there are most probably also quite a few that we haven't even thought about, yet that go way beyond just "finance" Hans Moog [IF]어제 오전11:38 [Has IF any plans for anonymous transactions Hans?] it's current not our main point of research but I would say ultimately yes the fact thats its feeless make "mixing" funds a very feasible solution But even on top of that (like zero knowledge proofs and stuff) If there is a use case, then you should be able to do it with IOTA. that's what I mean with "general purpose DLT" platform whatever is possible should be doable with the protocol - not "just" IoT value transfers Hans Moog [IF]어제 오전11:42 everything you could most probably think of the same way as TCP/IP allows you to play computer games, send emails, or watch streams Hans Moog [IF]어제 오전11:48 tomorrow I start merging the first ledger-related stuff into the development branch from the outside it will most probably look like any other day : but starting to work on the "final version" which is supposed to be ready end of Q1 is a big milestone for us 2 months left Hans Moog [IF]어제 오후12:04 100% agree - let's finish this shit! we have "talked" for quite a while - the coming months, we will have to show what we "have"
Want to scrap RMT? Reduce cheating and hatcheting? Dissolve the meta? Open your mind and let's talk.
Disclaimer #2: I wrote this early yesterday morning and since then, the podcast happened and FIR Flea Market was announced. I have redacted some sections as a response. Disclaimer: I know this is a long read and contains many sensitive subjects such as Secure Containers, the Flea Market, and Soft Skills, but it is simply a compiled list of ideas and in no way am I demanding for ultimate order in my favor or holding anybody else's ideas in contempt. I understand that my ideals may drastically differ from others. I only wrote this because of my passion for this game and my desire to see it succeed in the scope of what the devs outlined it to be, or at least how we interpret it: a hardcore looter shooter. I implore you guys to offer your own suggestions, ideas, and pick apart mine. This thread should only serve as the foundation for a greater Tarkov. First, let's establish some terms to better differentiate between the two types of cheaters. There are consumer cheaters who use programs to gain an advantage over other players simply for the satisfaction of winning. Then, there are commercial cheaters, who are using these same programs but in order to generate an income in real life. Commercial cheating will always be prolific in any video game that offers players transferable goods, and for as long as there is real money profit to be made, the benefits will continue to outweigh the risks. Any security expert can tell you that no lock is unpickable, no chain is unbreakable, and no password is unsolvable, but that doesn't mean we should all keep our doors unlocked, bikes unchained, and our passwords as "1234". And while a chain might not prevent your expensive road bike from getting stolen, having a chain, a disk lock, lojack, and the front wheel taken with you will certainly deter the grand majority of otherwise would-be thieves, who will of course, make an attempt on the less-protected bike adjacent to yours instead. Battleye is a good start, the equivalent of a quality bike chain if you will, but of course--enough to stop most consumer cheaters, though not enough to stop most commercial cheaters. So let's ask ourselves: Where should intervention be focused on the most? We could target the cheat providers, but they'll keep writing more cheats. A game of cat and mouse. We could target the (commercial) cheaters, but they'll just buy more accounts and more cheats with the money they made cheating. Cat and mouse. Who else, then, if not the problem? They aren't the problem. Your every-day player. He is the problem. Small businesses are closing for good because the risk of COVID-19 is preventing customers from supporting their establishment. Let's increase the risk for the RMT customer to get the product that they paid for. How? Make secure containers "read-only". Anything in your container can be "used" i.e. meds, keys, loose rounds for magazine packing, but nothing can be taken out or put in. It will then act as a non-transferable stash that can safeguard your valuables. No more accidentally dropping your S I C C case full of keys and then getting killed. However.. want to drop a keycard, case of bitcoins, or other valuables to a friend or a customer? It has to start and end the raid outside of either persons' secure container. This puts tradeable goods at risk for both the buyer and seller for the entirety of the raid, and not just at the extract when the transaction is made. This simultaneously makes PVP more rewarding. Now, when you murder that pistoling who risked nearly nothing and put an annoying crack in your shiny, expensive face shield, you'll be able to take the graphics card or LEDX off of his body to remind him that his chances at those items would have been greater had he risked some gear of his own. More gear taken into raids is more gear taken out of the economy. Combined with the current weight system, this is a necessary and intuitive money sink. On the topic of money sinks, let's consider changing how insurance works. Rather than insure items, we could insure ourself. Pay Prapor or Therapist a reasonable, fixed fee in advance to recover any goods left on our body (only what was taken IN to the raid. I was exploring the idea of having the game take a snapshot of your corpse's entire inventory upon the conclusion of the raid and sending it in the mail, but it would be too easy to abuse for RMT purposes. The seller could give the customer a backpack full of bitcoins and kill him in a bush for example). Because the body is insured and not each individual item, things such as ammo and meds could be returned without the bloat of having an insurance status on each individual bullet in a magazine, the primary reason I believe ammo to not be insurable currently. The fee could scale with the "safety" of the map. For example, Prapor's boys would probably feel less comfortable scouring Reserve for your dead body than a place like Factory, and thus the fee for body recovery on Reserve could be upwards of 100K and unless you were completely stripped, you would still probably make money back on unlooted ammo/meds alone. Factory on the other hand, because of how small the map is and therefore easy to find dead PMCs, the fee could be a reasonable 10K. This does two things: First, it stops insurance fraud. Dumping your gear (to ditch a thermal or wear someone else's kit, guaranteeing you get yours back) or your dead buddy's gear into a bush is unimmersive and bad for the economy. The current insurance system unreasonably rewards squad play for the wrong reasons, effectively removing the penalty for death if at least 1 competent person in the group survives (I personally frequent 3-5 man squads and it just feels unfair how much gear I get back when I die). Second, it sets up a new dynamic in place of insurance fraud. Now, if you want your buddy to get his stuff back, you have to defend his body or extract with his gear. This rewards scavs for properly scavenging, looking for the fruitful casualties of groups that made it out. This is good for the economy, as the punishment for death almost always will result in a transfer of wealth to those who work for it and not a retention of wealth for non-solos. Next up, the Flea Market. It has been expressed many times by streamers that the Flea Market has ruined the game and should be removed but on the other hand, there were people complaining that level 15 was too high of a level to access the Flea Market and it has since become available earlier. I believe that the Flea Market is the core reason this game experiences the stagnant meta that it does. Global stock and personal limits from traders mean nothing when you can just visit the Flea Market and stockpile VALs and SR3Ms to run EVERY raid. Of course I am nobody to try and force anybody to play a certain way or use a certain loadout, but I do believe that the game would be more exciting if rare loadouts were actually rare. One solution is to make the Flea Market "find in raid" only. Not only would this be another nail in the RMT coffin (it would prevent customers from selling transacted barter items for exorbitant prices), but it would mark the first true player-driven economy by removing flipped goods from traders. Traders could offer a (per-person, not global) tailored, but random assortment of goods each restock that you can piece together a kit from rather than a static array of goods unlocked by loyalty level. The (loyalty) level of the player would determine the frequency and strength of their goods. At Prapor LL4 for example, you may see VALs pop up more often, but once you buy them, that's all, and you have to wait until next restock and he might not even have any by then either. You might see a VAL available at lower loyalties as well, but even less frequently. Traders could then scale their prices dynamically to global demand (not the old, abusable system. This one would change the price incrementally based on purchase frequency. Global purchase frequency rising on a specific item? Global price on that item raises accordingly). This is good for the economy and, combined with making the Flea Market "find in raid" only, I believe it to be a solution to stagnant meta. How cool was it when you were new and killed that guy who had an SV-98 that you had to examine because you hadn't seen it until now? You'd get that feeling more often this way. Lastly, if the "find in raid" status is spoofable by cheaters, add a server-side check for the status. Now on to weapon attachments. Because of how unusable most stock rifles feel, there is a huge appeal for sticking as many appendages as possible to rifles to achieve that sweet <70, or god forbid, <40 recoil. Many of the attachments in the game go untouched because they don't offer even close to the arbitrary stat benefits of those in the meta. It is such a shame, as one of Tarkov's greatest strengths is the weapon modding system. I believe a step in the right direction would be to improve base weapon stats around the board (excluding weapons with fewer attachments such as the DVL) and and then nerf and bring each attachment more in line with each other, especially some of the outliers. Compare the RK-2 to the VPG for example. As such though, if an unmodded weapon vs a modded weapon wasn't night and day, it would promote significantly more weapon and attachment diversity. Of course some people are still going to min-max no matter how insignificant the benefits are. I would just like to be able to use a shortened SA-58 and be remotely competitive with a BMD'd 21" CASV SA-58. Or be able to C-clamp a Zhukov AK-102 without a foregrip and not lose to an equal-skill player 3/5 times who has the same gun, but with an RK-2. Soft skill requirements for tasks and upgrades should be removed. They incline people to figure out ways of abusing the system and given people a reason to endorse it in order to progress through the task lines and upgrade their hideout. Soft skills should only be a passive reward for playing the game, not something people feel obligated to abuse. Additionally, PMCs should start at a higher level of soft skills, say... 10, to reflect the training and experience they received during employment. It doesn't make sense that untrained scavs have the same physical and mental capabilities as professional soldiers. Certain skills as well can benefit greatly from a rework. Let's look at the following: Strength The elite perk is incredibly overpowered, but only because of how extreme it is. It could be changed so that each level of Strength increments a small % of the current elite perk, such as 0.5% per level, and then an additional 5% or so for elite, so at level 51, only 70% of the weight from worn gear would be counted. Run speed and Jump height could be reduced, and the leveling speed increased. On the topic of gear weight, now that the weight system has been introduced and we get slower the heavier we get, could flat movement speed penalties from armor be removed? 6B43 already weighs 20KG. Why does it also slow for an additional 42%? Nobody uses heavy armor anymore because the extra protection is not worth the forfeiture of loot AND lowered base movement speed AND lowered sensitivity/ergonomics. Sensitivity inconsistency is another issue and most consider it a cardinal sin in FPS games. Recoil Control Heavily reduce the benefits. -0.3% recoil per level totaling -15% at level 50. As well, -0.4% recoil on the first shot per mouse click. The elite perk could be an additional 5% reduction on the first shot per mouse click. This would be a nice buff to semi-autos and make them more competitive against the current laser beam meta guns. Search The elite perk, again, is overpowered. Perhaps starting at Search level 0, we should be able to search two items at the same time, but at 40% speed each if searching two items at once. If only one item is searched at a time, speed would remain at 100%. With each level, search speed for double search increases by 1% and single search by 2% and the elite perk adds an additional 10%, bringing double search speed up to 100% at level 51 without the black and white difference between levels 50 and 51. TL;DR: No TL;DR because I know some people will draw wild conclusions before fully understanding the content of the post.
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