5 interesting facts from Bitcoin history that you didn't

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? Down -81%

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? Down -81%

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 30 - Down -81%
See the full blog post with all the tables here.
Way too long/don't like words: Halfway through 2020 report: Cardano wins for second straight month, BTC still way ahead overall, ETH alone in second place. NEM (poor, poor, NEM) still in basement, down -95% since Jan 2018. Markets still going up despite world on fire. 3 x $1k investments in crypto in 2018, 2019, 2020 are down -10% total. Made a few new tables for your viewing enjoyment.

Month Thirty – Down 81%

After two consecutive strong months, the 2018 Top Ten Crypto Index Fund Portfolio lost some ground in June. In a sea of red, there was one bright spot: Cardano finished the month up +9%.
Only ADA in the green

Question of the month:

The 2018 Crypto Index Fund Experiment began January 1st, 2018. Which of the Top Ten cryptos performed best at the end of year one?

A) Bitcoin B) Ethereum C) Bitcoin Cash D) Stellar
Scroll down for the answer.

Ranking and June Winners and Losers

There was a lot of movement with the 2018 Top Ten group this month. For the second month in a row, Cardano made the most upward progress, climbing two positions to reclaim its spot in the Top Ten at #9. By basically finishing the month flat, IOTA picked up one spot in the standings as well. Heading the other direction, XRP, NEM, Dash, and Stellar each fell one place in the rankings.
Thanks to Cardano’s strong month, the overall drop out rate shrank to 40%. In other words, four out of the six cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, BSV, and newcomer Crypto.com Coin (oh, hello CRO, where did you come from?).
June Winners – Winner, singular: ADA, for the second month in a row, up +9% while the rest of the field sank or held ground. After a great spring, Cardano’s summer is off to a strong start.
June Losers – For the second month in a row, XRP was the worst performer, down -15.9%. Close behind was Dash, down -15.6% in June.
How has your favorite crypto fared over the first 30 months of the 2018 Top Ten Crypto Index Fund Experiment? Most monthly wins (7): Bitcoin followed by Cardano with 5 monthly wins. The most monthly losses? A tie between Stellar and NEM, both with 5. All cryptos have at least one monthly win and Bitcoin stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020 when it gained “only” +31%).

Overall update – BTC returning twice as much second place ETH, NEM in basement.

Although down -30% since January 2018, BTC is still well ahead of the rest of the pack. My initial investment of $100 is now worth about $70.
Ethereum is all alone in second place, down -68%, the initial $100 investment worth about $30.
NEM (down -95%) is still in last place. That initial $100 investment in NEM? Now worth $4.71.

Total Market Cap for the entire cryptocurrency sector:

The crypto market as a whole lost about $21B in June. This is down over half from January 2018 when the market was worth roughly $575B.

Bitcoin dominance:

After three months of zero movement, Bitcoin dominance finally declined, but not by much. It’s been stuck in the mid-60s to low-70s range for the past year.
Since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio lost about $20 bucks in June 2020. If I cashed out today, my $1000 initial investment would return about $187, down -81% from January 2018.
Here’s the ROI over the life of the experiment, month by month:
Ah, a sea of red
After a brief dip last month into the negative seventies, we’re back down to the very familiar negative eighties.
Fun fact: over the course of the 2.5 years since the beginning of the 2018 Top Ten Index Fund Experiment, the portfolio has finished over half of the first thirty months down at least -80%.
Tracking the Top Ten cryptos from January 1st, 2018 has been an undoubtedly painful exercise so far. But what about 2019 and 2020 when I repeated the experiment? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $2,710‬.
That’s down about -10% for the three combined portfolios. That’s compared to about +4% last month. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
Having trouble keeping up? Yeah, me too. You know what that means?!?!?! NEW TABLE DROP!!
Combined ROI of all three portfolios
Ah, that’s better. Much better.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. Even though the US economy is still reeling from the COVID shock, the stock market (as measured by the S&P) continued to recover in June. The initial $1k investment into crypto on New Year’s Day 2018 would have gained about $170 had it been redirected to the S&P.
Alright, let’s compare all three years of the crypto investments to hypothetical US stock market investments. Taking the same drop-$1,000-per-year-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$170
  • $1000 investment in S&P 500 on January 1st, 2019: +$240
  • $1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370.
That is up over+12% since January 2018, compared to -10% of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 22% swing in favor of the stock market, the widest so far this year. Last month, there was only a 6% difference in favor of the stock market. Here’s another new table that shows an emerging pattern:
Three Top Ten Crypto Portfolios vs. hypothetical identical approach with S&P 500

Implications/Observations:

The 2018 Experiment’s focus of solely holding the Top Ten Cryptos has not (and has never been) a winning approach when compared to the overall crypto market. The total market cap is down -54% from January 2018 compared to the -81% for the cryptos that began 2018 in the Top Ten.
This of course implies that I would have done a bit better if I’d picked every crypto, or different cryptos: throwing that $1k to Bitcoin, for example, would have me down by -30% instead of -81%.
On the other hand, this bit of diversification has served me well compared to putting all my eggs in NEM‘s -95% basket, for example.
To reiterate, at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the first thirty months compared to the market overall.
Repeating the Top Ten experiments in 2019 and 2020 has resulted in a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment. And for the most recent 2020 Top Ten Index Fund group of cryptocurrencies, this approach had outperformed the overall market 100% of the time…up until the last two months.

Conclusion:

We’re half way through a very strange year, where it seems we’re playing Biblical Plague Bingo. The US market have more or less bounced back from the shock, crypto markets to a lesser degree. What’s next for crypto in an extremely unpredictable year?
Final word: Be excellent to each other.
If you made it this far, thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

D) Stellar
Even though it finished the year down -66%, Stellar outperformed the rest of the 2018 Top Ten Index Fund Experiment Cryptos after the first 12 months. Second place on January 1st, 2019 was Bitcoin, down -71%.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Unpopular opinion - the economy has to become dynamic in order for it to have any longevity (and other musings on the progression)

Ain't no one gonna read this but here it goes!
The issue of progression has recently been gaining some traction in the community with Klean and DeadlySlob covering this topic recently.
Now any solution to this has an inherent issue associated with it - it'll be uncomfortable to someone. Whatever is done, it'll negatively affect someone, just by the fact of change alone. You cannot make something better by not changing anything. So anything you do or don't do, you will alienate a portion of your playerbase.
Early/Mid-game vs Late game.
Early and mid game is lauded, late game is considered boring. But why? For startes, firefights last longer, require more skill, movement, tactics and outsmarting your opponent. You value your life, you feel respect even for the shittiest of bullets. You have a feeling that the kill is earned. Guns have tons of recoil so you need to pick your shots. It's... I know it's illegal... but it's fun.
Late game however is plagued with a number of issues. Gear gets dominated by very similar loadouts that cover approx 10% of the gear in the game. There's nowhere to progress as you've reached the ceiling. The excitement from killing a kitted player diminishes as time goes as the economy saturates. People start being picky with their loot and only the good stuff brings any sort of satisfaction. The hideout provides a steady, predictable stream of income.
You let it run long enough it becomes a mindless PVP battleground.
Side note - the black and white fallacy of the makeup of the community.
Casuals vs hardcores. Rats vs Chads. Whenever a discussion pops up this dichotomy is always present. "Feature X hurts casuals but doesn't bother hardcore gamers playing 8h a day". No. Like anything in life the population of EFT is subject to the bellcurve distribution. There are hardcore sweaties grinding out the kappa within a week and there are also sunday gamers. Then there's everything else in between. Let's keep that in mind.
You don't need to be a streamer or play the game as a full time job to make money. We have a discord for 30+ yr old gamers with families and all of us were swimming in roubles and gear after 3 months of the past wipe. Sure it takes us longer than streamers, but still.
The meta
Taking weapons as an example. Different items have different stats (recoil, ergonomics, etc), some are obviously better than others which obviously makes them more sought after. There are also different ammo types for every caliber. Then lastly we come to the guns which directly tie into the first point, by their base stats and how much those can be brought down/up by attachments.
If you have a plethora of items that have different stats, there's sure to be an optimal loadout. If that optimal loadout is always available at an attainable price to the point where you can run it consistently, then there's really no reason to run anything less. This is the meta and at the moment it's basically a synonym for best in slot.
Appealing to a greater good such as gameplay variety is in vain because people will do everything to put themselves in the best possible position. If that means running whatever flavor of meta weapon that is - VAL, M4, FAL alongside top tier lvl 5 or 6 armor over and over and over and over again, so be it. We all know that's not the only way to get by in EFT, but all else being equal - top gear puts you on equal footing at minimum.
Trash contextualizes treasure. A rare item is not rare if everyone is running it. It's a normal item.
Gear minmaxing combined with a ceiling in progression create a situation where the game becomes stale, people get bored and we get chants for a wipe to releave the pressure.
Wipes
Wipes however, even at set intervals, are not the solution. Every wipe, in the absence of something fundamentally new, gives you (rapidly) diminishing returns. Doing the same quests over and over is an absolute drag. It's my 7th wipe and this time around I've really hit a brick wall with them. Now imagine doing them every 3 months. Maybe just do an inventory and trader level wipe? Yeah, that's just skipping one part of it and arriving at the same point but even quicker, considering how quickly you can make money.
The endpoint being - having enough money to run anything you want all the time without the fear of getting broke. Or in the abstract, having a big enough cushion to make any blow from a bad streak become inconsequential.
All of that is just a perpetuation of the same sawtooth progression. Grind, saturate, wipe, grind, saturate, wipe.
Side note - persistent character vs wiped character
I know there have been talks about having two characters - one persistent that's not wiped and one seasonal that is. On paper this might look like a good solution, but there are some problems.
POE players would have to chip in, but I reckong, that in a way this might become a form of matchmaking - the persistent character would be a mode for "sunday" players, while the wiped one for the sweats. I mean, maybe that's the way to go, but if the game is to gave any longevity, the persistent character will eventually face the same issues as the current game, it'll just take longer to develop.
Unpopular opinion - The economy is just a set of time and effort gated unlocks.
There have been multiple ideas to prolong a wipe, but in my view the fundamental issue with those is that they're based off the same linear progression - start from scratch and acumulate wealth until saturation. Some of these ideas include restricting labs till level X, locking behind a quest or just disabling it for a month. The problem with these is that it's just delaying the inevitable, while also giving a direct buff to those who get there first as they'll have the place virtually to themselves.
What follows is also the concept of "starting mid wipe", which essentially means that the gear disparity is so big that the further into a wipe, the more difficult it is to catch up. That effort is directly correlated with experience - the more experience you have the easier it is for you to reset or jump in midwipe. Extending a wipe potentially alleviates that by giving people more opportunity to catch up, but also pushes away from coming back/into the game if they recognize that it had passed their personal breakpoint where it's too hard / frustrating.
Perpetual mid-game
So out of all of that, a clearer picture emerges. We have to somehow find a solution to always have something to work for, but also not give the impression that you're up against an impenetrable wall.
That means that the game needs to pivot around something colloquially known as mid game. How would we define mid-game? That's another debate, but for the sake of the argument we could define that as something in the range of:
That would be the sort of mean loadout you can run on a consistent basis and you'd see the majority of the time. From the sentiment across the community, this seems to be the most enjoyable state of the game, where the sweetspot is in terms of protection and vulnerability, but allowing a lot of headroom for both variety and
Solutions
Now we must have to remember that there's a number of changes inbound that will alleviate some of the issues:
But those are sill far on the horizon.
The uncomfortable reality is that in order to truly balance that you have only a few choices. One is to go down the route of typical FPS tropes where every weapon type is perfectly balanced (i.e. shotguns powerfull but limited range, smg's low recoil, high ROF but weaker, dmrs powerful but high recoil and low ROF, etc). I don't think this will be ever a thing in the game.
Another one is to make attachments roughly equal and just attribute the differences to the tacticool visual factor. This would be realistic in a way, but would take away from the game.
The last one is to price them out. Literally. I'm of the unpopular opinion that endgame should not be a stage, it should be a state.
Dynamic pricing
I know I know, last time it failed spectacularly. However, that was a different flea market and the implementation was poorly thought out. Since it didn't have a pivot point to relate to it caused widespread inflation of even the most basic items and was prone to manipulation.
However the concept in principal has proven itself to work - M995 was essentially priced out of existence and forced people to look for alternatives like M855A1 or M856A1 or different calibers alltogether. Even the sweaties of sweats got a bit excited when they killed someone with 3 60rounders filled with M995. See where I'm going with this?
The execution was poor and poorly thought out.
But how about a different implementation? Adjust the prices based on how much an item is (or is not) bought compared to other items of the same item type. Most popular items' price (of a specific category) increases, while the least popular one decreases.
This could also be coupled with (or as an alternative) an additional rarity factor which would sort of specify how volatile the price is. Continuing the ammo example M995 would have the highest rarity factor and would be very prone to price increases, while the likes of M855 would be considered common and have a much more stable price.
Obviously this would be subject to long term trends and would not happen overnight. But the main aim is to dynamically scale the economy to the general wealth of the playerbase around a certain pivot point which we established before as the mid-game.
This would be a quite significant blow to the uberchads as they would unironically struggle to maintain a profit from their runs. And yes, some of them would still probably be able to pull this off, but remember what we said about the bell curve? It's just about making them so insignificant in the global player pool that they'd be a very rare occurance.
Global item pools
This idea has been floated around by Nikita some time ago but we have no ETA on this. In short - for some items, there is only a set amount that is present in circulation. For example there are only X amount of ReapIR's in the entire economy - spawns, traders, player stashes. If everyone hoards them in their stashes - thats where they'll remain. They don't spawn on maps, they're not sold on traders. Only until they're lost they get reinjected into the item pool.
This idea should be reserved only for the absolute top tier OP items. Something that you'd get all giddy if found/looted and you'd contemplate taking it out.
Side note, the X amount should scale to the active playerbase, which could be something like a weekly or biweekly moving average of people actively playing the game in a set period.
Insurance
This one is a bit controversial but also attributes to some of the in game inflation and gear recirculation. If you run a large squad, even if one of you dies, there's a high chance someone will survive and secure others' gear. And even if all of you die, something's bound to come back.
This might be a bit controversial, but I think group size should have a debuff to the chance of getting your gear back the higher the bigger your squad size, for example an incremental 10% chance for each additional squadmate.
Hideout adjustments
Right now fuel consumption is static no matter how much stuff is going on. What if the fuel consumption rate was tied to the size of your bitcoin farm and the amount of crafting going on.
Additionally hideout appliances could wear out and require maintenance, which would grant them performance debuffs like increased crafting time.
Dynamic stocks.
Right now stocks are predictable. You have the same amount of items at a set interval. Things like traders missing some items or not getting a restock due to broken supply lines, which can be cheekily tied into...
Dynamic global events/quests
Such as as getting rid of scavs on a particular location to remove the roadblock. These might be done per player or as a global event where everyone has to chip in.
Summary
The subject is difficult and solutions are not simple, but what I do know is that eventually Tarkov will have settle into an identity which will come with a sacrifice either at the expense of vision or mainstream popularity.
Thank you for coming to my TEDTalk. I'd like to give a heartfelt thank you to the 5 people that read this wall of text.
submitted by sunseeker11 to EscapefromTarkov [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Seventeen - UP 43%

Full blog post with all the tables here.

tl;dr - This is the 17th monthly update on the 2019 Top Ten Experiment. Ethereum up the most in May, plus got a shout out from J.K. Rowling, so it obviously won the month. Overall, BTC in first place since January 2019, BSV in second place. Half of the 2019 Top Ten Portfolio is up at least +50%. XRP is worst performing. Total $3k (3 x $1k) investments the 2018, 2019, and 2020 Top Ten are up +3.5%, but similar approach with US stocks market would have yielded +10%.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended 2018 down 85%, my $1000 worth only $150. I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Seventeen – UP 43%

Unlike April’s all green month, May was more mixed. That said, the gains outweighed the losses this month in the 2019 Top Ten Portfolio.

Question of the month:

In May, Reddit launched two Ethereum-based tokens on the Cryptocurrency and FortNiteBR subreddits. What are the Cryptocurrency token called?
A) Moons
B) Bricks
C) Satoshis
D) Cryptos
Scroll down for the answer.

Ranking and March Winners and Losers

Besides Stellar (down two spots to #13) and Tron (down one from #16 to #17) every other crypto was locked in place.
Speaking of Stellar and Tron, they are still the only two cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin and Tezos.
May WinnersEthereum ended the month up +16% and got a shout out from J.K. Rowling, so it obviously won May. BTC came in a close second this month, up +14%.
May Losers – A tight battle for the basement this month with BSV (down -3.9%) edging out XRP (down -3.7%) for the bottom spot.
For nerds those keeping score, here is tally of which coins have the most monthly wins and loses during the first seventeen months of the 2019 Top Ten Experiment: Tether is still in the lead with five monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in six out of seventeen months.

Overall update – BTC increases lead over second place BSV, XRP still worst performing

Ahead until just last month, BSV lost a lot of ground to BTC in May. Bitcoin is now up +168% since January 2019 compared to BSV‘s +116% gain. That initial $100 investment in BTC? Now worth $273.
As was the case last month, 50% of the 2019 Top Ten cryptos are up at least +50% since the beginning of the experiment.
At the other end, XRP continues to struggle, now down -41% since January 2019.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $35B in May, and is now near August 2019 levels. It is up +123% since January 2019.

Bitcoin dominance:

BitDom was steady again in May. This marks the third straight month it’s been stuck at around 65% For context, the range since the beginning of the experiment in January 2019 has been between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio gained about $65 in May. After the initial $1000 investment, the 2019 group of cryptos is worth $1,431, up about +43%.
Here’s a look at the ROI over the life of the first seventeen months of the experiment, month by month:
Almost completely green for the 2019 Top Ten, a welcome change from the all red table you’ll see in the 2018 experiment. As you can see, every month except the first month ends in positive territory. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019).
How does the 2019 Top Ten Experiment compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.
That’s up about +3.5% for the combined portfolios. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
How does this compare to traditional markets?

How does the 2019 Top Ten portfolio compare US stock market?

Excellent question, I’m glad you asked. And you’re in luck, I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Despite the fact that the world seemed to be on fire, May 2020 saw the continued rebound of the stock market. It’s now up +22% since the start of the 2019 Experiment.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +43% over the same time period, which is about double the S&P 500.
The initial $1k investment I put into crypto would be worth $1,220 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$140
  • $1000 investment in S&P 500 on January 1st, 2019: +$220
  • $1000 investment in S&P 500 on January 1st, 2020: -$50
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.
That $3,310 is up over+10% since January 2018, compared to the $3,104 value (+3.5%) of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 7% difference in favor of the stock market. Last month, there was only a 3% difference, the month before, the gap was 13% (all in favor of the stock market).

Implications/Observations:

The difference between the 2019 Top Ten crypto group and the overall crypto market is stark. Since January 2019, the overall market has gained +123% compared to the 2019 Top Ten crypto group which has gained +43%. This is an absolutely massive 80% gap. A +43% return is solid compared to the stock market, but it also implies that an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the Top Ten. There are a few examples of this approach outperforming the overall market in this 2019 Top Ten Crypto Experiment, but the cases are few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first twenty-nine months of that Experiment.
For the most recent 2020 Top Ten group, the opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…until this month.

Conclusion:

The BTC halving event came and went in May and crypto markets shrugged. As the world continues to change because of COVID-19, what will be crypto’s place when we finally emerge on the other side?
Final word: Please take care of yourselves, your families, and your communities. Stay safe out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Moons
According CryptoCurrency, Moons represent ownership in the subreddit, “tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency*.*” Check out this post for more details.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to conspiracy [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to CryptoCurrency [link] [comments]

From Conspiracy to Fact: An analysis of the COVID-19 Pandemic, Information Control, and the New World Order (Appendix includes hundreds of citations) - PART 1

UPDATE: This article is now available as a printable PDF with embedded hyperlinks for navigation through sources. This link will be valid thru July 9: https://ufile.io/4mpkg4x6

PLEASE NOTE: This article may be updated periodically with new information and links as they become available. All referenced information and a whole lot more is indexed and linked in the related appendix posts. Please feel free to crosspost, share, and take from my ideas to build your own. Namaste.
Part 1 | Part 2 | Appendix A | Appendix B

Hello. My name is Chris. I am nobody, really. An average citizen. I am an overweight 42 year old white male from the Midwestern suburbs of the US who has been fortunate enough to live a pretty comfortable life. I used to be a freelance graphic designer with a focus on small businesses, but I'm coming to terms with the fact that that career and part of my life is more than likely over in light of current events. Oh well, it was fun while it lasted.
I've always been concerned about social injustice and tried to stay politically informed, even dabbling in some activism here and there. At times I've stepped away from paying attention for my own mental health, or due to laziness, defeatism, whatever. But I've never stopped caring, or trying, to fight the good fight and do the right thing.
The news recently has of course swept us all up, and touched all our lives in some way or another. The world has never seen anything like the "Coronavirus Pandemic," and it's clear that our society will be changed forever when we finally come out the other end of this mess. But I've had the luxury of time recently, and in reading the news about things that were going on, I couldn't help but notice the patterns, and that a lot of stuff didn't exactly make sense.
So, here we go, with the "conspiracy theory."
I hate that term, because although it's technically accurate, it's been demonized and weaponized by the media and society at large to take on a bad connotation. Tinfoil hats, alien abductions, crazy people muttering to themselves, etc. You've no doubt got a lot of images in your mind of a conspiracy theorist.
And make no mistake, what I'm going to tell you here is all currently very popular conspiracy theory. However, I think that by removing opinions and conjecture from it, and focusing on facts and things that have already happened, I can present this huge amount of overwhelming, disparate information in a way that makes it less a "theory" and more a "research project." And so that is how I have approached this.
I have spent the last week doing little else besides reading every news and opinion article I could find, saving and organizing hundreds of links, and assembling a coherent, logical outline to organize and present these theories, and more importantly, facts. There are a lot of less-than-reputable sites and publications out there, and I have tried when at all possible to provide sources from verifiable news sites, with a wide range of slants and focuses, to illustrate that what is happening is not part of any one particular political agenda.
I hope that you take the time to check the links, really look into the information presented here, and form your own opinions. Please do not just take my word for it. To that end, there are also a few links mixed in that are labeled as having come from conspiracy. These are well-written and well-reasoned posts from other concerned citizens that I think are worth reading, and relevant to the discussion here.
One last thing - If you are new to most of these ideas, the information presented here is more than likely going to seem overwhelming at first. I encourage you now, and always, to take mental health breaks for yourself, and put down your phone or turn off your computer. The information will be here when you come back. And as you'll soon understand, what is happening is an unstoppable tide, truly a force of nature at this point, and there is nothing you can do to fight it, so try your hardest to relax, put on some chill music, hug your dog, and most of all...
BREATHE.
- - - - - - - - - - - - - - - - - - - - -
If you start researching conspiracy theory, you're going to find a lot of information. Some much better or worse presented than others, and some much more plausible or unbelievable than others. Despite the seeming ridiculousness of some things you might read, I encourage you to always approach new information with an open mind.
That said though, I have one main principle that guides all my beliefs about conspiracy theories, and that is the "Filter of Likelihood." Essentially, you have to ask yourself how possible, how likely, and how feasible a piece of information is. Furthermore, you need to ask yourself what the motivation would be. In many cases, it's quite easy to see how something makes a lot of sense based on other known info, whereas some theories seem rather implausible no matter how you look at it.
I am interested only in the plausible, and where possible, the already actualized. Additionally, there's a lot to be said, and a lot that has already been written on many of these topics, so I will focus on current events and simple concepts.
I will also ask you to open your mind to possibility. Please consider this as you evaluate new information:
  1. Do you believe there are things going on in the world that you don't know about yet?
  2. Do you believe that there is technology and science you've never heard of?
  3. Do you believe that society is progressing at an increasing rate?
  4. Do you believe that as populations grow, we require new societal strategies?
  5. Do you believe that those with power and money want to retain their power and money?
Of course you believe all these things, and none of these are wild or unusual concepts. Rather, these are very basic concepts that apply to everyone, and always have. They are all part of our shared human experience, and undeniable facts of life. Populations grow, societies evolve, technology advances, and the world changes. And most important to our discussion here, people, families, and empires constantly jockey for power and control, while fighting for resources, power, fame, and...
MONEY.
We all hate TicketMaster, right? Who do they think they are, what the hell is this bullshit "service fee," etc. It's something everyone can get behind. But did you know that TicketMaster willingly cultivates that image? That venues, teams, and artists, in their pursuit of more money, raise fees and then let TicketMaster be the bad guy and take the heat so their reputations remain intact?
There are many more people, organizations, and other entities in the world playing that same role for those who really have the money, who really call the shots. And those who call the shots work very hard and spend absolutely unfathomable amounts of money, time, and blood, to make sure that you don't ever realize who's actually taking your money.
They do this in the simplest, easiest way. If you simply control information from the top down, and disseminate it when and where you see fit, you can effect great societal change without lifting a finger.
Please imagine... really, try to imagine... You just read an article, saw a video, whatever, from a very, very reputable source. And it just informed you that an asteroid was 83% likely to impact the Earth next month. What would you do? What would happen in the world?
Hopefully an asteroid will not hit next month, but it's important to really imagine what would happen and why, and how. Because a huge amount of information would be generated and published, people would panic, society would crumble, and the world as you know it would change forever in an instant, the moment you read that headline.
Control of information is one of the most powerful tools known to mankind today. A person living in 2020 can easily encounter as much information in a day as someone in Medieval times might have encountered in a lifetime. And it comes at you from all angles, in all forms, non-stop, 24/7. Much like the water in the pipe, the information is always there, and one needs but turn it on.
Disseminating the information then becomes a practice all its own, and to be sure, information processing accounts for more than half of the US GDP. And the rate at which it's spread, and way it is handled makes a huge difference in the societal repercussions. So a few different techniques are used:
It might be the greatest understatement of all time to say that there has been a lot of information passed around about COVID-19, the "Coronavirus," recently. In fact, there has never been anything like what we are currently experiencing in all of human history, and not by a long shot. And this unprecedented turn of events has caused a lot of people to react in a lot of ways, and say and do a lot of things, for better or for worse.
Full disclosure: In particular, if you look up conspiracy theory, you'll see a lot of stuff suggesting that the "Coronavirus is a hoax." (You'll also find a lot of poorly-written rambling) I want to be clear that I DO NOT believe that. I am 100% sure that there is a Coronavirus, that it is making people sick, that a lot of people are dying, and that our medical professionals and many other undervalued workers are overwhelmed, and breaking their backs every day to do their best to keep their friends, families, and loved ones safe. I am extraordinarily grateful for them and admire the resolve and bravery that so many have shown in the face of this disaster. I do not think it is a hoax at all.
However, I think that literally everything else that is happening surrounding the "pandemic" is.
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The Pandemic
In the first week of January this year, I got sick. Really sick. I know when I got it and who I got it from, and honestly the exact moment I got it (I only was in proximity of the dude for a few minutes). He had warned me that he was really sick, and I blew it off. I started feeling sick a day or two later, and a day or two after that I felt like I was dying. Fever, chills, aches, extraordinary fatigue. And literal, nonstop, 24/7 coughing. I had every single symptom of what we now know as COVID-19. I commented to anyone who would listen that I didn't recall ever feeling that sick before in my entire life. The most memorable part of it though was that after a couple days, I completely lost my sense of smell and taste. Joked a lot about how you could feed me onions and soap cause I'd have no idea. I try to have a good attitude about being sick.
I spent a week sleeping on the couch before I finally went to the doctor. She gave me a Prednisolone steroid pack (which has worked well for me in the past), some Trazodone to knock me out, and Benzonatotate for my cough. As soon as I took the first dose of steroids I started to feel pretty fucking great, and it was more or less a non-issue after that.
I spoke to a lot of people about it then and after, and man, I can't tell you how many stories I personally heard from people I know that said the exact same thing. Then I started reading the same story over and over again on Reddit:
We didn't start really hearing about the Coronavirus in the media until the beginning of March, and we didn't hear about the "Pandemic" until just a couple weeks ago. And what a couple weeks it's been since then. But I am quite certain that it's been around for a lot longer and that I, and a lot of other people I know, had it - and DID NOT DIE FROM IT - way back in January.
We now know that the first documented case in the US was on January 19th, but that word "documented" is so, so important here. That means that we had identified the virus, developed a test, and tested a person with the symptoms that day. It does NOT mean that was when the virus reached the United States. How sick do you have to be before you take a day off work? Before you go to the doctor? With America's healthcare system or lack thereof, it's almost certain that many people had this virus before we determined what it was, and how infectious it really was.
There is also the matter of the statistics of severity vs the regular flu. This is a highly contentious topic and I am no medical expert, and do not wish to make any assertions. However, what I can tell you from my personal experience is this: I had a horrible "flu" in January, got basic medicine, got better. So, either I had the flu, or perhaps I did indeed have the Coronavirus.
We will never know because I was never tested. But the important thing is that it doesn't matter. Either I (and many others) had the Coronavirus and it did not kill us (calling into question the severity of the infection) or we just had a bad cold or flu, but it had the exact same symptoms as COVID-19 (calling into question the extent of Coronavirus diagnoses). But logically, one of those two statements is true.
Furthermore, the data keeps changing, and I don't mean increasing on a daily basis. I mean up and down, back and forth, it is deadly or maybe it isn't, etc. On January 14 the WHO told you it couldn't spread from human to human. But then on Jan 19 we saw the first case of Coronavirus in the United States. Then it turns out that the Wuhan market outbreak began earlier in December. And then it's an "epidemic," but most people will only get mild symptoms. What are you supposed to believe? And it sure does seem to come at you as a firehose, and it's hard to even think about anything because OHMYGODTHECORONAVIRUS!
But let's stop and look a couple basic facts. As a matter of fact, I'm going to let Dr. Sucharit Bhakdi explain this one to you. This is a very informative 10 minute video, watch it:
Sucharit Bhakdi - Very clear math showing that the COVID statistics are being manipulated
So 80% of people only experience mild symptoms, and we're crashing the economy for this? The statistics aren't any more extreme than many other illnesses we've had over time, and we're crashing the economy for this? It doesn't make sense until you consider that there are other factors besides just the virus at play.
Wolfgang Wodard - Explaining how the statistics are being manipulated to cause panic
The media, and society at large is inundating you with terrifying information about the Coronavirus. But if it's not as bad as we originally thought, then why? We don't freak out about every illness that comes along, and we've certainly never in the history of civilization had over 1/3 of the global population locked down under mandatory quarantine.
And then there's the debate about where the virus came from. We believe it came from a meat market in China, under unsanitary conditions. The science behind a coronavirus making the leap from one species to another is well-established and researched, and it is a very likely scenario. There are also conspiracy theories that state that China released it on its people intentionally, or even that the US military released it in China. Again, we will never know exactly where this Coronavirus came from. It may be natural, it may be man made, and there are very plausible paths for both. I don't know what to believe myself. So here I ask you to make your own judgement based on likelihood.
What we do know though is that the state of the world this virus has been unleashed on has played a major factor in its spread. In 1950 the global population was 2.5 billion, and that has exploded to almost 8 billion people in 2020. As a matter of fact, population growth has been exponential since about the time of the Industrial Revolution.
With all these people on the planet there are sure to be many disagreements and conflicts, and there indeed have been. As a matter of fact, 2019 saw global protests on an unprecedented scale, in Hong Kong, France, Syria, and many other countries. Citizens have literally been fighting police and military with rocks, clubs, arrows, and molotov cocktails.
Did you know that? Despite my seeing headlines and pictures every day of the riots in Hong Kong, I have been shocked to learn that multiple of my close friends, intelligent and aware people, had no knowledge whatsoever of the protests even existing. But that is far from a coincidence; rather, it is quite by design.
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Billionaires and Coincidences
Another major talking point over the last 5 to 10 years has been the "1%" - the handful of super-rich individuals who posess and control the vast majority of the Earth's wealth and resources. Where it used to just be a numerical term, "Billionaire" is now a dirty word, and one of the nastiest. We all hate billionaires. They are evil, and profit off the exploitation of the rest of the world.
The "Illuminati" we call them, in pursuit of a "New World Order." Crazy stuff, right? Mysterious symbols and people in black robes doing nefarious things in secret meetings, and running the world from behind the scenes. We love the Illuminati, it's a huge pop culture thing now. The subject of endless speculation, they are made fun of in the media, movies, and now Taco Bell commercials. It's so far fetched it could never really be true. And the fact that you think that is by design as well.
So, we don't know where the Coronavirus came from, but it's certainly here, and there are lot of other things unfolding in the world around it. Many different current events from all different places and fields of study. Some of it seems a little too coincidental. It is certainly very coincidental that this economically destructive Coronavirus entered the world right as there were global uprisings, protests in the street, and a growing public hatred for billionaires.
Well, here are a few other coincidences: Hundreds of CEOs of major companies stepped down from their positions in recent months. Multiple US Senators sold stock right before the market crashed. Even the boss of the New York Stock Exchange sold his own stock right before the crash. Did they know something they weren't telling us?
Here's another coincidence. In 2010, The Rockefeller Foundation published a selection of future-predicting scenarios in the name of "exploring the ways that technology and development could co-evolve." One of these four scenarios, entitled "Lock Step," eerily predicts a global viral pandemic and the resulting hypothetical consequences, which almost exactly mirrors the COVID-19 pandemic we are in the midst of today.
Also coincidental: The first case of COVID-19 was diagnosed in China on November 17th, 2019. Literally one month earlier, The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise on October 18, 2019, in New York, NY. In this exercise, they discuss the potential implications and consequences of a novel Coronavirus, including an economic crash, martial law, and of particular interest, the control of information. (You can view some published highlights here)
The World Economic Forum is comprised of the richest of the rich. The 1%. The Billionaires. CEO's, politicians, business owners, and many other powerful and influential figures. They meet regularly to discuss topics of global concern, and strongly control the dissemination of information. And of primary concern to many of them is maintaining their wealth and power in a rapidly-changing world.
And finally, here's one more coincidence: At the exact same time as the Event 201 exercise, The World Military Games was held in Wuhan, China, Oct 18-27, 2019. It was the largest military sports event ever to be held in China, with nearly 10,000 athletes from over 100 countries competing in 27 sports. Wuhan China was, as we now believe, the source of our current global COVID-19 outbreak.
Whether you think it is a "conspiracy" or not, that is all certainly coincidental, to say the least.
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"Why didn't I hear about any of this?"
That's an excellent question, and one that likely has multiple answers. For starters, how much do you really pay attention? Where do you get your news from? Do you research things you hear or just accept them on hearsay? Critical thinking skills are paramount in making sense of the chaos unfolding all around us.
As I mentioned before, I can tell you that I personally know multiple people who had no clue whatsoever about the riots in Hong Kong last year. As you read this, you may be one of them. And it may seem like something that is happening far away, and "could never happen here." Or you may have been aware of it but just that it was happening. But please, consider for a moment: millions of average citizens risked their lives and safety in the streets of Hong Kong for months on end, fighting police and military, and transforming the city they lived in into a warzone. WHY? Why would people do something like that? Regardless of their motivations, that many people were banding together to fight for something they believed in. And that is worth considering.
It's not really your fault though that you may not catch wind of all this news. The "mainstream media" that you hear about all the time deliberately controls information - downplaying threats and overreacting to silly things - in order to make sure that you hear the version of the news that they want you to hear.
Did you know that only 6 corporations control 90% of the media In America? That number is reduced from 50 companies in the 80's. And literally all the news you see on TV, at the very least, is 100% owned and controlled by these companies. Lately, distrust is growing for cable news networks, and many people turn to their local hometown station for trusted news. The problem with that though is that your hometown station is probably owned by Sinclair Media, one of the most powerful broadcast networks in the country that you've never heard of.
Please watch this very brief video, illustrating the chokehold that Sinclair Media maintains over your nightly local news broadcast: https://www.youtube.com/watch?v=hWLjYJ4BzvI
Of course, not every piece of news is pre-programmed but a lot is. The real news is out there, but sometimes you have to look a little deeper than the infographics on TV news. Even if information is being directed from the top down, the boots on the ground tend to be passionate people with a variety of interests and agendas, and they are still doing their best to do real journalism despite corporate oversight.
Think of those who are directing the information as steering an impossibly massive ship with a rudder. You can slowly adjust the course of direction, however it is slow to react. If you want to stop, you have to start thinking about stopping wayyy ahead of time. And similarly, once it gets underway, it is then influenced by an inertia all its own. Micro controls and adjustments aren't really possible.
Our society is this giant ship. There are 8 billion people on this earth - that is 8000 million. An incomprehensible number that grows rapidly every day. As civilization grows and advances, so does our medicine, our technology, our cultural norms. These are all natural processes that are necessary to manage an increasing number of societies all around the globe. And many of the advances we're making have exciting potential benefits for humanity, although as with all tools, they also inherently possess the potential for abuse.
Here are some other things happening in society right now, some you may be aware of and many you may not:
There is an interesting chicken or egg relationship between science fiction and real world science. Sci-fi writers are inspired by the real science of the day, then they apply their creativity to imagine what might be in the future. Young scientists encounter these fantastical ideas and think they are worth pursuing, and then set about to make them a reality, and the cycle continues.
Futuristic concepts are then preempted and introduced through the media to the conscious mind, as we include them in books, movies, TV, video games, and more. Eventually we start seeing headlines of these new technologies and developments happening in other places, usually Japan and China first due to their prevalence in the industrial and technological sectors of our global economy.
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Continue to Part 2

submitted by SquarePeg37 to conspiracy [link] [comments]

My saved items

Social justice stuff:

70 papers to support wearing masks
dude who went out dressed as a woman and got harassed
copypasta to refute the "only girls take selfies with the stuff they share"
racism is a mental health issue (tweet image)
abuses by police
why you shoudln't say all lives mattewhat does BLM mean
juxtaposition of police complaining vs police abusing
the iceberg of white supremacy
"microagressions I face as a black woman"
debunk of 13/50
another debunk of 13/50
another debunk of 13/50
examples of male privilege
opinions vs prejudice
all cops are bastards
literally all cops are bastards
response to someone saying that Africa is underdeveloped
list of things for cis people to know, from a trans person
some debunked trans stuff and also some scientific studies
police, racism, and white supremacy
police, racism, and white supremacy
false rape claims
just a funny video about nazis pretending they're not nazis
how old are animals when they are killed for food
crime stats about men
crime stats about men part deaux
On Whiteness: How Race and White Supremacy Affect Discourse Surrounding Masculinity
"life would be easier if I'm white"
discussion on "inspiration porn"
disneyvacation how to make the most of white privilege
"it's better now than it used to be" tweet
rape victim blaming (image)
the point of FWR
the alt right, pitbulls, and race realism
almost trafficked in Austin TX
wage theft infographic
white privilege image
image about women staying safe
“The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.”
examples of systemic racism
Islamophobic myths debunked
Feminist stuff explained
what SRS is all about
free market capitalism and homelessness

Politics

biden is handsy with everyone, not just women/kids
"Why I'm skeptical about Reade's sexual assault claim against Biden: Ex-prosecutor"
Trump administration profiting off the pandemic
Poorly handling pandemic
lack of meals in schools (tweet image)
crimes of Roger Stone
Trump and Epstein
racist views of trump
GOP's attack on democracy
debunking of certain defenses of Trump (impeachment hearing? idk)
electoral college is stupid and Trump agrees
damage to international relations
"why do liberals think Trump supporters are stupid?"
more racist views of Trump
GOP on immigration (image)
"everything you need to know about American conservatism"
nunes buried evidence on Russian meddling
on hillary's email server
Trump colluding with Russia
GOP - party of "principles"
"why is the left so violent"
Trump doing dictator stuff

Workout stuff:

pullups
quarantine workout template
giant dude doing crazy bodyweight routine
list of every minimalist shoe on the internet
handstands
quarantine workout
some dude's workout routine/weightloss, check back to see if he posted his routine at all
bodyweight fitness workout stuff
something about L-sits and pistol squats
muscle-ups
various ab exercises
stronger by science podcast
common deadlifting mistakes
get cut/abs
reverse crunches
lift weight, eat more protein
bodyweight exercises
gym gif
handstand tutorial
vibram fivefingers sale
bodyweight workout
more bodyweight fitness stuff
proper running form
running/posture
calisthenics
muscle ups on rings
muscle up progression

Programming/tech stuff:

getting the best out of android
create a bootable pendrive
list of free sites to educate yourself
free alternative to photoshop that's not gimp
infosec tools
Python cheat sheet
how to make a reddit bot
another how to make a reddit bot
android development
raspberry pi stuff
make a gif longer than 15 seconds
221 free programming courses
android programming
import praw
IFTTT
"holy grail" of programming resources
bootable usb drives
free CAD and FEA apps
activate god mod for windows 8
android development
cool websites to bookmark
keep your mousing moving when afk
app development
android development
cerberus to recover lost phone
camera recovery
free online programming course (probably expired by now)
python for beginners
good PC programs to have
algorithms everyone should know
modify your browser's fingerprint

Misc:

common chess mistakes
what to say to kids instead of "be careful"
how to tie the strongest knot
M to F sex reassignment surgery gif (NSFW)
Terry Pratchett quote on satire
DIY concrete mantle
hierarchy of discourse
just a funny hamster video
growing potatoes
Michael Scott on hate crimes
tips for buying a used car
how to bowl a strike
AI experts from top universities slam ‘predictive policing’ tools in new statement and warn technology could 'fuel misconceptions and fears that drive mass incarceration'
correlation between gut biome imbalance and other issues
C&H it couldn't be avoided
happy halloween meme
gif of "fuck" from SNL
picture cube
good place to get glasses
the gymnast allergic to everything
psychological life hacks
critical thinking
educational websites image
opening things
diagnosing an engine based on spark plugs
austrian choir of 1982 (shitposting in modmail)
mental exercises to reduce dementia
loaded pretzel bombs
roll a coin across your knuckles
solar micro grid
reverse/parallel park
roadtrip playlist
fun hobbies for under $50
the 100 jokes that shaped modern comedy
catholic/bishop accountability
atheist parent resources
ideas for movies to watch
replace your brake pads for <$40
something about adware
signing up for clinical trials
ordering glasses
getting to yes
that's a peanut
cryptogram solver
copypasta of creepy gifs
bertram russell's "why I am not a christian"
recommended movie about time travel
biblical contradictions
continuum season 3 webisodes
religious arguments
transhumanism for kids
free stuff on the internet
record video and stream it to a remote server
amazon's 100 books to read in your lifetime
critical consensus of historicity of books of the bible
how to get started in dogecoin I think
cool websites to bookmark
learn skills online
55 great books under 200 pages
software to install on a new PC
telescope beginner's advice
cool short story
stories with aliens
scifi ebook to read
create a roth ira
muscle reading
hip new thing called "duolingo" or smth
introduction to transhumanism
how to keep your engine bay clean
hedge fund analyst research writeup
discussion of paranormal
get an SMS if there is an emergency nearby
debunking some YEC stuff
art of public speaking
being confident
interview with Malala
practicing another language
glass/bottle cutter
watch documentaries for free
watch nikelodeon online
pale blue dot
bunch of free textbooks
food allergies facts, myths, and pseudoscience
list of banned books by reading level
mindfuck movies
ebook with random esoteric skills
save money on prescriptions
learn electrical engineering
websites for learning
design lego projects
horror books to check out
sci fi movies to check out
40 awkward questions to ask a christian
good list of subreddits
free ebooks

just wanted to reference for latereddit stuff

https://www.reddit.com/OutOfTheLoop/comments/b1hct4/why_is_everyone_talking_about_the_ootl_mods/
not sure why I saved this but here you go: https://www.reddit.com/videos/comments/ggowxj/on_may_8_2005_one_of_the_greatest_videos_in_the/
mod drama
mfw muting someone
also mfw muting someone
mfw muting someone else
https://www.reddit.com/unpopularopinion/comments/b0hg3u/if_you_got_triggered_over_un8thegr8_youre_a_pussy/
thinking about those beans
some shit trashy mods did
fragile white redditors
I locked a thread to "prevent police from commenting" (aka I'm hilarious)
day of the spread
day of the spread also
summoning bots (saved over a year ago, they're probably all banned now)
n8 mods ihatewhitepeople
april fools 2019
community points
what does it mean to be not the onion
modmail search
angry at the admins
SPS notices the banout
darkjokes fragility boogaloo
top mod of upliftingnews mod-abusing
fortinbraz's bookmarklet thing on karmabots
one click reporting userscript
how to turn off push notifications
a tidbit about the sorting algorithm
threepanelpuns template
imgur info userscript
j0be's poweruser imgur script
shitposting from imgur by j0be
good piece of advice from gaywallet
bookmarklet to unhide everything on your hidden page
funny thing from centuryclubdrama
image about reposts
j0be bookmarklet to delete everything from your userpage
some javascript thing idk
[exchange karma for bitcoin (is this still even a thing?)](https://www.reddit.com/Bitcoin/comments/zqocl/exchange_your_karma_for_bitcoin_reddit_bitcoin/}
zadoc's HQG tutorial
another javascript thing idk
preggit's well rounded meme
all these saved items, and you had to be salty
mods who distinguish
mat01ss tutorial on giffing
mat01ss tutorial 2
mat01ss tutorial 3
another j0be script
shittywatercolour painted a comment I made
python script idk
centuryclub intro copypasta
reddit API that the1rgood wrote
ruby API thing
user history reddit bot
submitted by N8theGr8 to N8theGr8 [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to Money [link] [comments]

Wife of Norwegian billionaire has been missing since Oct. 31st 2018. She is presumed kidnapped and/or killed. There was a ransom note left at the crime scene, demanding 9 million Euros in crypto currency. What happened to Anne-Elisabeth Hagen?

So.. I have been waiting for months for someone to write about this case here, and since no one has I suppose I’ll have to give it a shot. This is my first reddit post so mishaps are bound to happen, English is not my first language, apologies for any mistakes, etc… (is this a meme yet?) Edit: wow, holy crap! I didn't expect to be given gold! Thank you kind stranger!
Edit: I have added more to the bottom of this post to clear up some confusion or add more important information that I missed the first time.
Anne-Elisabeth Falkevik Hagen (68) is the wife of Norwegian billionaire Tom Hagen, an investor and co-founder of a company called Elkraft. They married young, only 19 years old, before Hagen made his fortune. Although Hagen is now one of Norway’s richest people, the 172nd richest according to financial magazine Kapital, he and his wife have seemingly led unassuming, quiet lives. From an outsiders perspective they seem like the kind of billionaires you could only hope to be if you ever found yourself in such financial luck, grounded and down to earth, living in the same house for almost 40 years, in a suburb of Oslo called Lørenskog. Tom drives a simple Citroën car. They are parents and grandparents. You would never look at them and think "ah, rich people!".
Their house looks like any suburban Norwegian home, there’s nothing flashy or noteworthy about it. No extra security surrounding the area either. There are no gated communities in Norway, but there are still security measures one can take, and probably should take if you’re that rich, and the fact that they hadn’t might have been one of the reasons Anne-Elisabeth was targeted.
This case reads more like a Hollywood movie than an actual crime case to me, because we don’t really have crime like this in Norway. The police kept the alleged kidnapping a secret until January 9th. Since then little pieces of information have come out or developments have happened in the case, but Anne-Elisabeth is still missing. The police now presumes she has been killed, perhaps even on the day she disappeared. Her family, who speaks to the media through their lawyer, still holds out hope that she might be alive.

I’ll try to keep everything precise and easy to follow:
November
Because of the threats in the letter, the police can’t go out with any information regarding Anne-Elisabeth’s disappearance. They have to work very carefully and quietly in their home to secure evidence from the crime scene. KRIPOS (The National Criminal Investigation Service) and ØKOKRIM (National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway) get involved.
The police finds traces of Anne-Elisabeths blood inside the house, as well as a shoe print. It is unclear whether or not the blood was from the day of the disappearance. The amount of blood found is reportedly “not unusual” because she lived there, which I take to mean it was very little.
Tom Hagen continues to go to work, people describe him as unsociable and desolate during this period. Neighbors are told Anne-Elisabeth is “away”, and family members are kept in the dark as well. At the end of November family members are starting to feel like something is going on. Finally they find out that Anne-Elisabeth is missing, and there are talks of a kidnapping. No one is allowed to say anything.
December
The investigation is still top secret.
January 9th
The police finally allow the media to talk about the case. Norwegian media have known about it for a long time but have been told not to say anything yet. The apparent kidnapping is announced in a press conference after 10 weeks of utmost secrecy.
A few days after the press conference, the police releases a video of the area around Tom Hagen's workplace. A man can be seen walking down the road next to Tom’s place of work at 7:36am on the morning of the crime. He then abruptly stops and turns around to walk back the same way from where he came.
24 minutes later, another man can be seen walking down the same way. He is passed by a cyclist, who has been identified. The two other men have never come forward. It has been theorised that these two men might have been a look-out of sorts.
January 16th
The family receives a new message from the person or people who claim to have Anne-Elisabeth. This message is recieved through crypto currency (bitcoin this time). I’m not quite sure how this works, but from what I’ve read it’s a difficult and insufficient way to communicate.
January 27th
The family again is in communication with the alleged kidnappers.
Some people find it curious at this point that these alleged kidnappers have been unwilling to communicate with the family during the ten weeks of secrecy, but now that the world knows, they are willing to talk. Who is behind this, exactly? Professional criminals who saw an opportunity after the article in Dagens Næringsliv was published and they realised the man in question lives completely unprotected? A family member? Enemies of Tom Hagen? Could it be Tom himself? Who would want to hurt this woman? Rumours are spreading.
February
The police advice the family not to pay the ransom unless they receive evidence of Anne-Elisabeth’s well-being. This is stressed in every press conference, both in Norwegian and English. The family is hopeful that proof will now be provided, seeing as the alleged kidnappers are now willing to talk, albeit very little. However, they receive nothing.
The police interviews a lot of people, including business partners of Tom’s.
April
After a long Norwegian winter, the police wants to search the lake right next to Tom and Anne-Elisabeth’s house. They employ a police dog specialized in search in water (the same dog who helped in the Kim Wall case). It’s unclear whether or not they actually find anything during this search. Certainly no body or anything like that.
May
The family decides to attempt contacting the alleged kidnappers themselves. They haven’t heard anything at all since January 27th. No evidence of Anne-Elisabeth’s well-being has been provided, and none is provided this time either.
June
The police officially changes their main hypothesis. They now believe Anne-Elisabeth was murdered, and not kidnapped for financial gain. They believe the ransom note as well as any evidence found in the house might have been staged to look like a kidnapping.
More surprisingly, the police officially cancels any further search of the two men seen in the surveillance video outside of Tom Hagen’s work the morning of Anne-Elisabeth’s disappearance. They still have not been identified and it is unknown why the police now believes them not to be involved.
July 8th
The family lawyer Svein Holden receives an e-mail from the dark web. It is written in Norwegian, and the writing style suggests that it may have been written by the same person who penned the ransom note. According to Svein Holden this e-mail contains information that only a perpetrator would know. The message of this e-mail is as follows: in order to receive evidence of Anne-Elisabeth being alive, the family has to pay.
It is again commented on by outsiders how odd it is that this message is received now, five months after the previous one, and right after the police changed their main hypothesis.
Tom Hagen decides to pay 1.3 million Euros in crypto currency. He receives nothing in return.
August
The shoe print found at the crime scene is sent for analysis to police all over Europe. German police finds out that the print belongs to a shoe by the brand Sprox, and is in European size 45. It is sold in Norway at Sparkjøp. The police now requests help from the public, and everyone who have purchased these shoes in cash is encouraged to come forward.
September
The cable tie left at the crime scene has been analysed and has been found to be produced in China and sold in Norway at Biltema.
Both Biltema and Sparkjøp are fairly common stores in Norway.
October
The police have now also analysed the paper the ransom note was written on and the envelope it came in. It was purchased at Clas Ohlson, another common store in Norway. All three stores tied to this case are located in Romerike, the district in which Tom and Anne-Elisabeth Hagen lives.
It’s closing in on a year since Anne-Elisabeth disappeared without a trace. The entire country is awaiting answers. The 25th of October would have been Tom and Anne-Elisabeth’s Golden wedding anniversary. On Thursday the 31st, 365 days have passed since this all happened. But it is not a Halloween tale, it is real life. What happened to her? Where is she? Could she still be alive after all this time?
Edited to add more information or clear up some confusing things:
I'll continue to update if I see common questions or there's anything else I remember!

Sources (unfortunately mostly in Norwegian):https://www.vg.no/spesial/2019/lorenskog-forsvinningen-ett-aa?maaned=sommer2018 https://www.vg.no/nyheteinnenriks/i/KvJ6lG/frigir-film-fra-forsvinningsdagen-frykter-ektemannen-ble-holdt-under-oppsikt https://www.dn.no/marked/tom-hagen/strom/eiendom/tom-hagen-tjente-174-millioner-pa-strom-og-eiendom-i-fjo2-1-387353 https://www.cbsnews.com/news/norway-billionaires-wife-anne-elisabeth-falkevik-hagen-being-held-for-ransom/
submitted by __moonflower to UnresolvedMysteries [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to economy [link] [comments]

An Unbiased View of The Top 10 Bitcoin And Crypto Investing Sites Biography Video Parry Bisht Single YASHU Full Bio Parry Personal Life Tik Tok Life Weird facts about bitcoin and cryptocurrency 2020 shocking facts about bitcoin Top10 most interesting and Unknown facts  amazing facts #wifisestudykaro OMG 100$ Deposit Instant Paying Live Withdraw Proof  New Bitcoin Cloudminig Website 2020

The following is the fifth installment of “the many facts” series, a look at the evidence that was tethered to Dorian Nakamoto and Bitcoin's creator. The FBI shut down the site and seized about 144,000 BTC in 2013, which was later sold at auction. Founder of the site, Ross William Ulbrecht, was convicted in 2015, and he is currently serving a life sentence with no possibility of parole. Bitcoin Pizza Day. May 22 is known as Bitcoin Pizza Day. The most popular type of virtual currency is known as Bitcoin and has steadily begun to rise in popularity and strength over the years. At first glance, Bitcoin may sound confusing, however below are ten facts that will truly explain in layman’s terms what exactly bitcoin is and how it came to be. No one single entity controls this currency. To put that into perspective, the top 500 supercomputers combined have only 0.250 exaFLOPS (25 x 10 15 FLOPS). That makes the entire network of Bitcoin 256 times faster than the top 500 supercomputers combined. From the story of Satoshi Nakamoto to the $20,000,000 pizza, we bring you some fun and interesting tidbits about Bitcoin. There's a lot to know about cyber-currencies, but these top 10 will give you great start!

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An Unbiased View of The Top 10 Bitcoin And Crypto Investing Sites

#bitcoin #cryptocurrency #bitcoin_price #weired_facts_about_bitcoin here are some facts about bitcoin and cryptocurrency , that will shock you . this video is only made knowledge and educational ... #bitcoin #cryptocurrency #bitcoin_price #weired_facts_about_bitcoin Here are some facts about bitcoin and cryptocurrency , that will shock you . This video is only made for knowledge and ... A video about the science and origin of the only thing that truly matters in life. I explore human trade before the invention of money, the peculiarities of banknotes and how they could be used as ... OMG 375$ PROOF EARN UNLIMITED FREE BITCOINS DAILY LIVE PAYMENT PROOF FREE BITCOIN MINING SITE 2020 - Duration: 10:30. Technical Adil Abbasi 734 views An Unbiased View of The Top 10 Bitcoin And Crypto Investing Sites There are a couple of different ways to buy bitcoin and other cryptocurrencies, consisting of exchanges and conventional brokers.

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