Bitcoin Daily Transaction Value Is Set to Fall Below ...

I teach math and here is my attempt at trying to explain our current economic system graphically, showing what the value of the US Dollar, CPI, Gold, S&P, Art, Wages, House prices and Bitcoin have done over time

So we all know that our education system is horrendous. People graduate high-school, and even university, without fully appreciating that there are different systems at play in our current economy and that we have choices as to what systems we would like to invest our time and money on.
To help get this point across I just finished putting together a set of videos to explain this. There are 6 videos in this set, the last two (Part 1, Part 2) bringing everything together by showing how the value of the US Dollar, CPI, Gold, S&P, Art, Wages, House prices and Bitcoin have changed over time. The Table of Contents for the last two videos is:
Part 1
Part 2:
The full set of videos for this set are:
Hope you like, and suggestions and recommendations are always welcome.
Peace.
Edit: Per suggestion, Here is the Playlist.
submitted by salvia_d to conspiracy [link] [comments]

A simple and concise info-graphic depicting the relative values of Bitcoin and the dollar.

A simple and concise info-graphic depicting the relative values of Bitcoin and the dollar. submitted by blockchainreaction to Buttcoin [link] [comments]

I teach math and here is my attempt at trying to explain our current economic system graphically, showing what the value of the US Dollar, CPI, Gold, S&P, Art, Wages, House prices and Bitcoin have done over time

I teach math and here is my attempt at trying to explain our current economic system graphically, showing what the value of the US Dollar, CPI, Gold, S&P, Art, Wages, House prices and Bitcoin have done over time submitted by rotoreuters to betternews [link] [comments]

Bitcoin mentioned around Reddit: I teach math and here is my attempt at trying to explain our current economic system graphically, showing what the value of the US Dollar, CPI, Gold, S&P, Art, Wages, House prices and Bitcoin have /r/conspiracy

Bitcoin mentioned around Reddit: I teach math and here is my attempt at trying to explain our current economic system graphically, showing what the value of the US Dollar, CPI, Gold, S&P, Art, Wages, House prices and Bitcoin have /conspiracy submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on Ethereum

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself on the DeFi Pulse website.

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA player Spencer Dinwiddie tokenized his own NBA contract.)

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (Jitsi for the zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to CryptoCurrency [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on ETH.

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself at: https://defipulse.com

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA Star Spencer Dinwiddie Tokenized His Own NBA Contract.

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (https://meet.jit.si/ for zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to ethtrader [link] [comments]

A detailed summary of every reason why I am bullish on ETH.

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself at: https://defipulse.com

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA Star Spencer Dinwiddie Tokenized His Own NBA Contract.

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (https://meet.jit.si/ for zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to ethfinance [link] [comments]

Cultural Exchange between /r/Lebanon and /r/berlin

Welcome to the Cultural Exchange between /Lebanon and /berlin/
Courtesy of our friends over at /berlin/ we are pleased to host our end of the cultural exchange between the two subreddits.
The purpose of this event is to allow people from two different regions to get and share knowledge about their respective cultures, daily life, history and curiosities.

General guidelines


Quick introduction about Lebanon

Quick explanation of what is happening in Lebanon (Before the explosion): https://imgur.com/a/Ixo3v8S
Introduction
Lebanon is a tiny country in the middle east. It's bordered by Syria from the north and east, Israel from the south, and the Mediterranean Sea from the west. Syria has been in a deadly civil war since 2012. Lebanon and Israel are officially "at war" since the inception of Israel, though currently there isn't any war going on, and the last real war between the two countries happened in 2006 and lasted only 30 days.
Lebanon went into a long and deadly civil war in the 70s and 80s. It only ended when the war lords sat together and decided that instead of attempting to kill each other, why not become rulers and split the gains. Thus from the early 90s until today Lebanon has been ruled by the same warlords that fought in the civil war. The speaker of the parliament never changed, not even once, and the rest of MPs and politicians just switched ministries and places every few years to present the image of democracy.
Lebanon also has Hizbollah, an organization that is labeled as a terrorist organization by many countries. Hizbollah has more powerful intillegence and military than the Lebanese government itself. The organization has unobstructed powers, for example, it started the 2006 war with Israel without the acceptance of the official Lebanese government.
Lebanese politicians save their billions and billions of dollars in savings in banks across Europe, mainly Switzerland.
Lebanon doesn't have oil, nor a serious construction sector. Lebanon relies on the service sector and tourism to survive, both of which are almost nonexistent at this point. Lebanon has a huge crippling debt. Lebanon's capital, Beirut, was voted the most expensive city to live in in the middle east two years ago. Lebanon's passport is one of the worst passports in the world and doesn't allow you to visit any notable country without a visa.
October 2019 - Political, COVID-19 and Economical Problems
In October 2019, the government approved a law that would increase taxes, and tax the usage of Whatsapp. The Lebanese population attempted a peaceful revolution, the country effectively closed down from October until December. The revolution was successful in forcing the government to resign, but wasn't able to make the president, MPs or speaker of the parliament resign.
Things went to shit after that, unofficial capital control started in October. The bank declared that people can't withdraw money from their savings or current accounts. People weren't allowed to transfer money outside Lebanon or use any credit or debit card internationally. The government started considering a haircut. The currency started to lose value rapidly.
The official rate is currently 1$ = 1,515 LBP while the black market rate is 1$ = 8,500 LBP
The money stuck in the bank is useless, almost frozen because it can't be withdrawn without losing ~65% of it's value and even then, in small quantities.
Add to that COVID-19 is ripping the country. We're having exponential growth in the number of cases right now.
The Explosion
On August 4, 2020 multiple explosions occurred in Beirut Port that destroyed half the city, killed hundreds, with an additional large number of people missing, injured hundreds of thousands of people and made 300,000 people homeless. 80000 children displaced. The explosion was so big that it was heard and felt in Cyprus and Syria. There were reports of damages to properties from the explosions all over Lebanon, not just in Beirut.
The explosion destroyed half of the city including busy hospitals, which ended up causing people to have to deliver or have critical operations using the flash light from the doctors' cellphones.
The explosion killed several foreign nationals including French, German, Canadian, American, and Australian citizens.
This post is made to raise awareness about what happened in Lebanon by sharing the videos of the incident. Please note that those videos are graphic as they show the moment the explosion happened.
Donation Help
Any kind of monetary donation will go a LONG way during these times.
You can donate using your credit card, paypal account, bank transfer or bitcoin donation.
You can find a list of verified and safe NGOs to donate to here: https://www.reddit.com/lebanon/comments/iaakslist_of_lebanese_ngos_that_are_verified_and_safe/
You can check out some of the videos here:
Reddit Links:
submitted by ThePerito to lebanon [link] [comments]

Cryptocurrencies in the Era of COVID-19 (Part One)

Cryptocurrencies in the Era of COVID-19 (Part One)

https://preview.redd.it/cscwryttr4o51.jpg?width=2560&format=pjpg&auto=webp&s=ddd90997810c0cc46cf8e6b5cac534cd8f9c796f
To speak of “post-COVID” is not only premature, but perpetuates the myth that the mere passage of time will lead to some kind of universal recovery. The reality is rather more harsh. Currently, the only positive dynamic at work is that the patient will learn to cope with the symptoms of a congenital condition, until, and if, the underlying problem can be resolved. While we would prefer otherwise, this is the Era of COVID.
The opening up of Europe’s Mediterranean tourist industry in the summer of 2020 was always going to increase the rate of COVID transmission, but the experiment was justified in terms of local economic dependency on foreign visitors vis-a-vis the health costs, the degree of disease impact, and overly testing the limits of voluntary social distancing.
From the perspective of the pathogen, however, absolutely nothing has changed. In terms of global polity, economic policy and social welfare, everything has changed, is changing, and may well end up creating scenarios out of all recognition.
Critical to appreciating the “why?” of this reorientation is the recognition that only a raft of temporary, but wholly unsustainable macroeconomic policies, have kept the global economy functioning. The problem, however, is that it is a bit like cheating a wise man. You only get away with it once. Thereafter you have to accept realities and manage how they play out as best as you can.
Central to the latter is the fact that until a vaccine is developed, ours is the era of socio-economic COVID-19 management. All other determinations derive from where they stand in regards this polarity; the spread of the disease on the one part and the damage done to the global economy on the other. The balance between lives and livelihoods. In reality the two are not finally distinct. The acceptance of higher COVID-19 infection will have economic costs both over the short and long term. The worry is that these could be far, far greater than many currently anticipate. Critically, that those people with mild or no symptoms today, could develop significant health problems in their tens of millions as they get older. That the virus lays dormant at a cellular level but surfaces to cause physical problems in the future, negatively impacting the functioning of vital organs, including the brain. As this happens the economic costs will become significant.
To restate. Temporary economic measures funded by quantitative easing have allowed the global economy to maintain a degree of normalcy, but over time these will inevitably weaken the economy they were designed to protect. In similitude, the temporary relief of putting short term spending needs on the credit card eventually crashes into the wall of maximised indebtedness. The consequence is either the hardship of paying back what has been borrowed, or simply walking away from the debt and being cut off from credit thereafter.
The last time the global economy faced anything like this level of catastrophic dialectic was after the two world wars. For the people of Germany and France coins and banknotes were minted with ever greater number of zeros, but ever reduced buying power. In the end these currencies were simply abandoned—replaced with the Reichsmark and nouveau franc respectively. The former at a rate of one trillion (sic) to one! Stability resulted, but it must be underscored, because the printing presses were turned off.
The trick was to introduce a medium of exchange whose physical number was very tightly defined and limited. As long as the temptation to cheat when you run out of money is resisted, all will be well. All this may prefigure a nouveau dollar, digital yuan or an altogether different scenario may unfold.
This is where the current locus of speculation—financial and theoretical— currently lies.
Any considerations in these respects needs to take into account the following factors as delimiting the parameters of probable outcomes:
  • Structural shifts in global economic activity away from travel, leisure, tourism, some automotive and manufacturing towards health, security, robotics, datacom and a range of advanced technologies. This not only portends shifts in investment between sectors, but more graphically, shifts in wealth between regions and nations.
  • Growing tensions within the European Union. With many of the southern states so highly dependent on tourism, significantly declining income will further exacerbate the north-south wealth gap, and thus tensions over budgetary redistribution.
  • Structural shifts in global geo-politics and trade away from multilateralism towards bilateralism, supply chain security, high-tech protectionism and hegemonic alliances.
  • A new era of Western statism necessary to reduce the threat of a severe economic depression. This will be directed to enhanced infrastructure projects, support for advanced, green and digital technologies, new strategies on preventative and remote health care, and internal security and surveillance.
  • Social acceptance of greater government intrusion and regulation as the price of minimising the impact of COVID, future pandemic threats and economic downturn.
More important than any of these are the underlying shift towards new orthodoxies at the expense of tearing up the old order. This not only includes the fundamentals of government macroeconomic theory (and thus policy) but the rules underpinning all commercial and currency infrastructures. “Fundamental” because the three are inextricably linked, yet autonomous enough for one to affect the other with a potential impact so dramatic it is difficult to overstate.
These paradigms are so new, and their final impact so remote, that the most significant element of their existence is easily missed: A year ago such a narrative would have been viewed as sheer lunacy. A year from now so obvious as to merit an historical footnote. Emerging from the rabbit hole everything will be different. Everything is up in the air and everyone is scrambling to find an anchor.
In the meanwhile, popular investment ethos is myopic, entirely oblivious to the undercurrents which will mark the end of the status quo. Somewhere along the line, a soaring Stockmarket has become an end in itself. Wealth, the mere addition of fiat zeros.
The intention of the original cryptocurrency was to sidestep this fallacy. To extricate and preserve real wealth from constantly shifting foundations. Like all ideals, it has been imperfectly realised. No one can deny that the meteoric rise in Bitcoins’ value from $327 to almost $12,000 (at the time of writing) reflects some degree of speculation, but it also reflects substantive, intelligibly based doubts as to the fundamentals sustaining fiat currencies. They may still exist in five or ten years, but what will they tangibly be worth?
Eventual outcomes here—including which cryptocurrencies prove their worth —will be determined by our collective actions. History reveals that whatever divergences take place, in the end the solid and substantial always win out. Lies are exposed and tyranny eventually falls. Shaky assets yield to solid. Bad money drives good to a premium.
(Subsequent additions to this article will examine critical factors determining the path of cryptocurrency evolution in the era of COVID as these arise, including government regulations).
submitted by JamesFXF to FXF [link] [comments]

City Cultural Exchange: This Friday August 21 at 19:00 we'll have our first cultural exchange with another city/country on reddit, this one will be with /r/Lebanon - at the same time it's a way to show our support for another capital going through an extremely hard time!

Hi everyone,

Hope you’re all as well as you can be in the End Corona Times, the mods of /Berlin were thinking for a while of starting a city cultural exchange program on reddit. It will work just like the country cultural exchanges, except with a focus on city cultural. This sort of cultural exchange would give us an opportunity to meet the culture of other cities through reddit! I’ll try to organize this on a semi-regular basis, I hope it’ll be fun and informative for all.
If you have any questions or suggestions, comment below!

The first city will be Beirut, Lebanon.

We thought that perhaps we could also do some good with this as well and asked the moderators of /Lebanon if they would want to be our first cultural exchange, representing Beirut. We also asked if they could recommend any charities and NGOs to donate to and they sent us an explanation with a list of organizations that they trust. If you have any other way of helping the people of Beirut, share it with us, they need all the help they can get.

The date and time of this event is Friday August 21th, 2020 at 19:00 Berlin-time.

The event will be stickied on /berlin on Friday and I’ll edit this post to include a link to it here:
(Future Link)
Without further ado, this is a little introduction from the moderators of /Lebanon in preparation for the event about Lebanon and what is going on:
There is an important link in the introduction to another reddit post where they list out the NGOs and charities that are safe to donate to. They took a lot of time researching and even calling some of these organizations to make sure the donations get to the places they are needed.
---
Quick explanation of what is happening in Lebanon (Before the explosion): https://imgur.com/a/Ixo3v8S

Introduction

Lebanon is a tiny country in the middle east. It's bordered by Syria from the north and east, Israel from the south, and the Mediterranean Sea from the west. Syria has been in a deadly civil war since 2012.
Lebanon went into a long and deadly civil war in the 70s and 80s. It only ended when the war lords sat together and decided that instead of attempting to kill each other, why not become rulers and split the gains. Thus from the early 90s until today Lebanon has been ruled by the same warlords that fought in the civil war. The speaker of the parliament never changed, not even once, and the rest of MPs and politicians just switched ministries and places every few years to present the image of democracy.
Lebanon also has Hizbollah, an organization that is labelled as a terrorist organization by many countries. Hizbollah has more powerful intelligence and military than the Lebanese government itself. The organization has unobstructed powers, for example, it started the 2006 war with Israel without the acceptance of the official Lebanese government.
Lebanese politicians save their billions and billions of dollars in savings in banks across Europe, mainly Switzerland.
Lebanon doesn't have oil, nor a serious construction sector. Lebanon relies on the service sector and tourism to survive, both of which are almost non-existent at this point. Lebanon has a huge crippling debt. Lebanon's capital, Beirut, was voted the most expensive city to live in in the middle east two years ago. Lebanon's passport is one of the worst passports in the world and doesn't allow you to visit any notable country without a visa.

October 2019 - Political, COVID-19 and Economical Problems

In October 2019, the government approved a law that would increase taxes, and tax the usage of Whatsapp. The Lebanese population attempted a peaceful revolution, the country effectively closed down from October until December. The revolution was successful in forcing the government to resign, but wasn't able to make the president, MPs or speaker of the parliament resign.
Things went to shit after that, unofficial capital control started in October. The bank declared that people can't withdraw money from their savings or current accounts. People weren't allowed to transfer money outside Lebanon or use any credit or debit card internationally. The government started considering a haircut. The currency started to lose value rapidly.
The official rate is currently 1$ = 1,515 LBP while the black market rate is 1$ = 8,500 LBP
The money stuck in the bank is useless, almost frozen because it can't be withdrawn without losing ~65% of it's value and even then, in small quantities.
Add to that COVID-19 is ripping the country. We're having exponential growth in the number of cases right now.

The Explosion

On August 4, 2020 multiple explosions occurred in Beirut Port that destroyed half the city, killed hundreds, with an additional large number of people missing, injured hundreds of thousands of people and made 300,000 people homeless. 80000 children displaced. The explosion was so big that it was heard and felt in Cyprus and Syria. There were reports of damages to properties from the explosions all over Lebanon, not just in Beirut.
The explosion destroyed half of the city including busy hospitals, which ended up causing people to have to deliver or have critical operations using the flash light from the doctors' cellphones.
The explosion killed several foreign nationals including French, German, Canadian, American, and Australian citizens. LINK
This post is made to raise awareness about what happened in Lebanon by sharing the videos of the incident. Please note that those videos are graphic as they show the moment the explosion happened.

Donation Help

Any kind of monetary donation will go a LONG way during these times.
You can donate using your credit card, paypal account, bank transfer or bitcoin donation.

You can find a list of verified and safe NGOs to donate to here: https://www.reddit.com/lebanon/comments/iaakslist_of_lebanese_ngos_that_are_verified_and_safe/


You can check out some of the videos here:
Reddit Links:
The /Lebanon twin-announcement thread to this can be found here: https://www.reddit.com/lebanon/comments/icllh8/this_friday_august_21_8pm_cultural_exchange_with/
submitted by llehsadam to berlin [link] [comments]

Why UMI Will Not Fall Victim to Inflation: Dispelling Myths of “Deadly Issue”

Why UMI Will Not Fall Victim to Inflation: Dispelling Myths of “Deadly Issue”
https://preview.redd.it/lr1w0ukh2ik51.jpg?width=1024&format=pjpg&auto=webp&s=b413e6e6b2e94d2e9522571040151826b7874e77
With UMI staking, anyone anywhere in the world can generate new coins at the rate of up to 40 % a month, or up to 5,669 % a year, with no risk of falling victim to fraudsters. It means new opportunities for humanity which never existed before. However, many people who are used to miserable interests on bank deposits and financial pyramids that last a few months at most cannot understand what makes this possible. How can you safely earn up to 40 % a month with no risk of losing it all?
Sceptics cannot wrap their minds around this which makes them suspect there’s a catch to it. Therefore, it should come as no surprise that you can find various myths about UMI's “deadly issue” on forums and social networks. The most popular among them say that you simply cannot ensure long-term operation with this kind of “super-high income” and no one has any idea what will happen to this cryptocurrency in 10 or more years. Here's a forecast from sceptics, briefly: “deposits” with this percentage are simply impossible, it will inevitably cause hyperinflation, UMI cryptocurrency will devalue, and will share the fate of currencies in some of the less fortunate countries, such as Zimbabwe or Venezuela.
To counter these allegations, we've prepared a detailed article with arguments dispelling all these myths, nullifying all “forecasts” and putting the lid on this issue. Here we go!
What's the value behind the forecasts?
First of all, 10 or more years is too much of a long term, and forecasting so far in advance is simply impossible. Don't take us wrong here: it's not just about cryptocurrencies; it's about anything in the world. There was a time when people thought pagers, faxes, and landline phones had cheerful prospects, but look at what happened to them. They have been replaced by smartphones and the Internet accessible to all which no one believed was possible in the first place. New technologies emerge out of the blue and transform the world beyond recognition. The old — something everyone is used to — is replaced with something new and more
convenient. Something better.
10 years ago people believed in developing bank technologies, but then, all of a sudden, Bitcoin was created and transformed people's understanding of financial payments. It turned out anyone in the world can make payments with no intermediaries and generate new digital money. It's true that Bitcoin is not perfect, but millions use it all over the world. This number is also growing fast with each passing day.
Do you remember forecasts made for Bitcoin when it first appeared? Both ordinary people and respected world-class experts predicted it would soon die. No one believed it could last for even 10 years.

https://preview.redd.it/q1kzcxfw2ik51.png?width=800&format=png&auto=webp&s=17a12d73b9046a357cf6ecd77253472215c8bb24
Typical article predicting the end of Bitcoin from respected mass media. Source.

Here're some graphic examples from the leading world-class mass media:
“That's the End of Bitcoin.” Forbes, 2011, BTC price — $15.
“Bitcoin is headed to the ash heap.” USA Today, 2015, BTC price — $208.
“R.I.P., Bitcoin. It’s time to move on.” The Washington Post, 2016, BTC price — $382.
“Stay away from bitcoin and ethereum — they are complete garbage.” This is garbage." MarketWatch, 2017, BTC price — $2,345.
“Is Bitcoin Going To Zero?” Forbes, 2018, BTC price — $3,432.
In 2020, the BTC price is almost $12,000. The respected mass media have “declared Bitcoin dead” over 400 times (!!!) referring to its lack of backing, high issue rate, super-high price growth, and the like — just like the skeptics “declaring UMI dead” right now. However, despite all the discouraging forecasts, Bitcoin continues to successfully grow and rapidly gain in popularity.

https://preview.redd.it/6z60xwd13ik51.png?width=791&format=png&auto=webp&s=25a6799fe551c6e7f91aa016907e95ce032d7e5e
Over 12 years, Bitcoin has been declared dead 381 times, but it only grows stronger with each passing year. Source.

All of the above is proof that you shouldn't put blind trust in various forecasts, even coming from respected sources. Forecasts are mere opinions and arguments, but no one can know for
sure what will happen in 10, 100, or 1,000 years. No expert can know that. Similarly, no one knows what will happen to UMI many years from now.
UMI can solve any issues on the fly
We cannot know the future, but we did all we could to make our coin last forever. Most existing cryptocurrencies have a very important problem — they cannot support high-quality growth and rapidly become obsolete.
To explain this, we'd like to quote our Whitepaper:
"Despite the apparition of new technology solutions, the Bitcoin blockchain still holds only about 2,000 transactions, and it takes about 10 minutes to create a block. In 11 years, developers still did not manage to come to an agreement and implement a solution that would allow scaling the system and upgrade performance.
Most other cryptocurrencies face a similar problem. They are launched and keep operating in an almost initial state even after numerous innovative solutions become available. For example, the Ethereum network has been attempting to switch to the PoS algorithm for over two years now, but due to code complexity, security threats, and issues of reaching consensus, this causes great inconvenience."
https://preview.redd.it/ezxzrpx43ik51.png?width=800&format=png&auto=webp&s=207f8a27a59fac760fc541dae6abd30d148296f5
Screenshot of a page in the UMI Whitepaper. Have you read it? It answers a lot of questions. Link.

Bitcoin itself is technically obsolete. This is besides the fact that it has a load of other problems. For instance, BTC is supposed to completely stop coin mining in 2140, meaning miners will lose motivation to support the network. What happens then? The hope is that the main source of income for miners will be transfer fees, but will they want to maintain powerful equipment for a reward in the form of small fees? If fees are big, will people want to pay those? Will they find a different solution? Will users just leave the Bitcoin ecosystem and join more high-tech cryptocurrencies like UMI?
When we designed UMI, we accounted for all these issues and launched a promising project with a conveniently scalable ecosystem. Even if UMI faces some challenges in the future, we will make amendments as the network grows. We will act as appropriate judging from the project's current status. They will be based on the situation and the current state of the project.
It's true that upgrade decisions have been and are being made by all leading crypto projects, including Bitcoin and Ethereum, but UMI supports really safe and rapid innovation. The network can be easily modified and scaled with cutting edge technology solutions. While other cryptocurrencies simply become obsolete, we can handle all kinds of challenges on the fly. The UMI network will grow and improve to be always up to date, keep up with the times, and prevent problems in 10, 100, or 1,000 years.
At this point, the UMI network is in excellent shape, and the smart contract offers you relevant and actionable staking opportunities. We've thought out every detail, and the brisk growth of our community proves it best of all.
There is no "deadly inflation"
And, lastly, let's bring an issue with supposedly too-high emission to a close. UMI is typically accused of paying a too high reward for staking — as much as 40% a month, or 5,669% a year — which no one and nothing else in this world can pay. Eventually, it might end up with inflation as it happened in Zimbabwe and Venezuela, etc.,
Let us look at real facts. Those who consider a 40% monthly growth impossible should look at bitcoin again as the most outstanding example which has proven that nothing is impossible. Imagine how many times your deposit would have grown if 10 years ago you had bought bitcoins or inexpensive mining equipment producing a reward of 50 BTC several times a day.
Please consider the following:
In March 2010, BitcoinMarket.com started operating as the first bitcoin exchange, and 1 BTC cost a lot less than a cent — $0.003.
At the time of writing this article, the price for 1BTC was about $12,000.
It means those who bought bitcoins 10 years ago have increased their "deposit" by nearly 400,000,000% (!!!). Four hundred million percent in ten years! This is a real fact.
Those who bought bitcoins when the price was a few cents or dollars also achieved the perfect result by increasing their "deposit" by thousand or million times.
Well, now the percentage in UMI staking doesn't seem so crazy, does it? The only difference
is that BTC "deposit" grows in line with the BTC price while UMI deposit growth is ensured the growth of the number of UMI coins, which in turn doesn't prevent the price from surging. In fact, both cases demonstrate a multiple growth of the "deposit".
All of the above is proof that the reason for inflation in Zimbabwe, Venezuela, etc is a bad economy, not a high emission. In late March. roughly speaking, in one day, the FED (U.S. Federal Reserve System) released 2.2 trillion dollars to support the economy during the coronavirus pandemic. Similar financial injections are regular in the USA, the country which is the most advanced world's economy.
These facts indicate that UMI has no "deadly issue" at all and, unlike the USA, it doesn't "print" anything.
Here is bare statistics form the UMI blockchain:
The UMI cryptocurrency was launched on June 1. Since the launch, it's been 3 months.
18,000,000 UMI coins were initially issued.
In total, there are now about 18,800,000 UMI coins.
In other words, in three months, the total number of UMI coins increased by only 4.4%. Does it look like "deadly inflation"?

https://preview.redd.it/gsdjbwp83ik51.png?width=800&format=png&auto=webp&s=8d4591a24b3ddc63f8501f1b7fe7a4c02b7da89c
In 3 months, the number of UMI coins has shown a few percent increase. Source.

Let's move on:
We'd like to reiterate that the total number of UMI coins is almost 18,800,000.
There are about 14,500,000 coins on the genesis address today.
Almost 4,000,000 coins are involved in staking.
Thus, only 300,000 UMI (!)are freely circulated on the market. The remaining 18,500,000 coins are either used in staking or have not yet been released to the market.
https://preview.redd.it/f7b28jid3ik51.png?width=800&format=png&auto=webp&s=5ff8338121ebfe398cfb498a0cfcc00446ea6225
The number of coins stored on the genesis address at the time of writing the article. Source.

In real fact, UMI has no super-high emission. This fact has been proven. For a three-month period, which is a quarter of a year, the number of UMI has hardly changed and equals about 1.5% of the total number of coins on the market.
The truth is that UMI economy depends on a lot of factors. For example, burning 50,000 coins to create a structure. However, from a more general point of view, the UMI economic model itself is designed to encourage people to "save" rather than sell UMI coins. This is a crucial point that allows us to make progress, even with a high emission.
Moreover, it will take a billion-dollar staking structure that will be able to provide the highest possible emission on the UMI network a lot of years to appear. While it doesn't happen, all these forecasts can be regarded as irrelevant for today. Keep in mind that a 40% monthly profit will be available to the most successful structures and only after many years of development. To have your coins increased by 40% per month, your structure must have over 50 (!) times more coins than the number of coins initially generated by the network. And since this structure will do everything possible for the benefit of the UMI cryptocurrency, even 40% per month will not pose a risk to UMI's sustainable development.
Conclusions are as follows:
UMI offers no kind of "killing sky-high returns". Please don't take this myth seriously. UMI is growing. The current smart contract offers reasonable and up-to-date opportunities for UMI staking and poses no problem. If, however, a problem arises — we have all the tools to find an immediate solution. All these negative forecasts are not worth a brass farthing. They always have been and always will be. At all times and in all places. But they are highly unlikely to come true. Bitcoin outsmarted the most reputable and shrewd financial analysts. Why don't UMI, which is a lot more advanced than bitcoin, try to do the same?
UMI is a decentralized, strong, and high-tech network. It can exist the way it is now forever. But as it grows, it will improve to be always up to date, keep up with the times and prevent any problems. We are contributing to a great thing — we're creating a free economic system that will profitable for the entire human family. This is an opportunity to overcome social inequality and make regular people financially independent. So let's make every effort to make things go well. Ignore all evil-wishers and their predictions. Just join other users and go towards your dream. Then we will certainly succeed in it all.
Sincerely yours, UMI team
submitted by UMITop to u/UMITop [link] [comments]

The coronavirus will accelerate the trend towards a cashless society (opinion article)

Source
Article text:
The world after the coronavirus will probably be far more digitised, and payment systems appear as likely to be impacted by this as any other aspect of daily life.
The use of cash has been falling around the world. In Australia, less than 30 per cent of payments are in cash these days, whereas a decade and a half ago more than 70 per cent of transactions were in cash. In Sweden, the use of cash for payments is so low – about 10 per cent of payments -- it is a near-cashless society.
The pandemic and the fear of infection from bank notes are accelerating the trend away from cash towards digital payments.
The Bank for International Settlements, in a paper released late last week, said the outbreak had led to unprecedented public concerns about viral transmission via cash, with central banks reporting a large increase in media inquiries about the safety of using cash and internet searches for the combination of "cash" and "virus" soaring.
The intensity of recent searches for those two words, according to graphics in the BIS paper, is most acute in Australia and France.
Around the world, countries are sterilising their bank notes even though there are, as yet, no known cases of transmission via cash. The virus appears, however, to survive longer on non-porous materials like plastic and steel, which probably explains consumers’ anxiety.
Historically, in times of crisis, consumers hoarded cash. This time, however, appears to be different and the pandemic could accelerate the trend away from cash and towards digital transactions. It is already generating increased interest in digital currencies, with China said to be close to releasing a digital version of its currency.
In recent years most central banks have started researching the potential for digital currencies, with their efforts intensifying after Facebook attempted to launch its own global digital currency, Libra.
The Libra rollout stalled after some of its core backers pulled out in the face of strong central bank and legislators’ opposition to the notion of a privately-owned digital currency, and it appears Facebook might try to alter its strategy towards the use of Libra’s infrastructure as a platform for third parties’ digital payment ambitions.
Facebook was pursuing a "stable coin" strategy, with Libra’s value established by a basket of physical currencies whose value would match that of the value of the stable coins in circulation.
That is quite different – and was far more of a threat to central banks and their influence over their financial systems -- than a conventional cryptocurrency like Bitcoin, whose value is very unstable and therefore makes it a poor medium of exchange.
Libra’s launch galvanised the central banks’ interest in their own digital currencies, as well as their efforts in thwarting Facebook’s ambitions.
Central banks including the Reserve Bank have been researching and trialling elements of digital currency platforms. The RBA has run simulations of a wholesale system, for instance, for interbank settlements.
Most of the central banks are wary about rushing towards a digital currency future because of the potential disruptions it might cause to their existing banking systems if people were given a choice of holding digital currency issued directly by a central bank rather depositing funds with privately-owned commercial banks.
In financial markets like Australia’s or Canada’s, where the banking systems operated soundly through the global financial crisis, have sophisticated digital payment systems and now, after significant strengthening of their capital bases and liquidity, are supporting their economies through the pandemic, there’s no urgency to fundamentally change the structure of – to disintermediate -- their financial systems.
There’s also the risk of a generational divide if central banks move too quickly on the digital front, given that the profile of those most reliant on cash transactions tilts heavily towards older people.
Nevertheless, the seemingly inexorable trend towards digitisation of payment systems, combined with the likelihood that other countries like Sweden and China will move early and the potential for the big tech companies like Facebook, Google or Amazon to create their own currencies and payment systems outside traditional banking systems, means the central banks have no option but to continue to explore the potential of digital currencies.
That exploration will have a sharper edge if China digitises its currency. Only this week, China recommitted itself to the introduction of a digital yuan.
It sees a digitised currency as a way of increasing its global influence and reducing the dominance of the US dollar in global commerce and finance, a dominance that enables the US to exert geopolitical influence through the global financial system.
China has some unlikely allies, with no little thanks to Donald Trump’s diminishing of America’s role in key international institutions, his "America First" agenda and his willingness to use tariffs and sanctions against America’s foes.
The Bank of England governor, Mark Carney, shocked many last year when he advocated development of a "multi-polar" digital currency to displace the US dollar as the world’s reserve currency, arguing that there was growing asymmetry between the dominance of the dollar in the global financial system and the diminished US share of global economic activity.
The US accounts for only about 10 per cent of world trade and 15 per cent of global GDP but two thirds of all countries peg their currency to the US dollar, and more than half of global trade is invoiced in US dollars. Global financial market activity is dominated by the greenback.
As the US withdraws from global economic leadership, a "synthetic hegemonic currency" would dampen the domineering influence of the US dollar on global trade and the impact of domestic developments in the US economy and markets wouldn’t spill over to the same degree into other economies and markets, Carney said.
He didn’t say – but China would be aware – that a reduced role for the US dollar would also have a negative impact on the US economy and living standards. Its status as the world’s reserve economy allows Americans to live well beyond their means, lowering the cost of imports and Americans’ cost of borrowing.
Thus there are geopolitical dimensions to the push towards digital currencies that coincide with the sharper edge that the pandemic has given central banks' interest in facilitating digital payments and investigating digital currencies.
submitted by pooheygirl to CoronavirusDownunder [link] [comments]

Learn once and for all: Whales are in control!

Note: I'm sorry for the English, I'm using Google translator to get this message across.

You don't know me, because I'm new here on the forum, but I know the stock market since we can buy shares at Home Broker through the internet. Since then I have always done graphic analysis in countless actions around the world.

I am also in the cryptocurrency market since the beginning, so I have experience to say what I am going to talk about now.

What I am going to say will not please many, but I am not here to give candy to any child. Truth hurts! So if you are a person of courage, hold on!

Let's just talk about Crypto, because that's what interests everyone here, especially Bitcoin.

First of all: Stop trying to guess what will happen to Bitcoin. This is impossible, learn once and for all that the probability of Bitcoin reaching 1 dollar or 1,000,000 dalors in a few months or years is the same. Do you know why? Because the ones who "lead" the Crypto market (all cryptos) are the whales. They decide when this Crypto will go up or down. Get out of your heads that the Crypto market is totally linked to the stock market! NO! IT IS NOT CONNECTED. The whales that make this "connection".

Secondly: Right now you are saying "What is this idiot talking about? If the Cryptocurrency market does not keep up with the stock market, why are all Cryptos falling with stocks?" I already answer you: DIVERSIFIED INVESTMENTS! Yes, this answer may seem strange, but anyone who understands a little about buying and selling Crypto and Stocks knows that no one invests their wealth in just one asset, but in several, perhaps dozens! What is happening with the Crypto market is simple, the whales are selling everything (stocks, cryptos, bonds, gold, dollars, etc.) to buy more in the future, this is NORMAL, in the whole market this happens. So this "link" that you believe Bitcoin has with the stock market is actually made by a minority that has thousands of Bitcoins in their wallets, and they force the market wherever they want. They are currently pushing it down, so they don't miss the opportunity to buy more bitcoins in a few days. Think about it: A whale that sold 10,000 btc's at $ 4,000 each, he can buy 40,000 btc's if the value of the btc reaches $ 1000. This is increasing his Cryptocurrency wealth by 400% with the same money. And you are making it happen, selling Bitcoins at an undervalued price.

Thirdly: Analyze the charts, and see that it is impossible for the bitcoin market not to be manipulated, there is no possibility of an asset falling $ 1000 in a few minutes. This can only happen if 1 or 2 people sell a large amount of Cryptos causing smaller investors to scare and sell their cryptos to them at much lower prices.

And lastly, yes, you can doubt it, but the vast majority of whales are in Russia, China and the USA. The Chinese mine an immense amount of Cryptocurrencies daily, and they want to become the owners of this market, but they will only be able to force others and sell the cryptocurrencies they have. And how do you achieve this? Making investors afraid! The fear factor is the emotion that practically cancels the reason in your brain, in other words: Covid-19 is a perfect weapon to cause this fear.

With money you can buy everything, including big media around the world to help spread this fear across the planet!

I am not claiming that Covid-19 is a scam, but they are giving it far greater importance than it should.

The Chinese government has done this in the past, it is doing it now and it may do so again in the future.

And finally, you can criticize, but criticize rationally, do not be like people who let themselves be carried away by emotion and do not use reason to debate!

But once I'm sorry for the mistakes in the language.
submitted by CryptoFull to Bitcoin [link] [comments]

Too much of a Nice thing... (M)

Chapter 1: Media Detox!
I remember it clearly. After a week on a ‘media-detox’ and by day five I had a very odd sensation! With no phone or 5DTV I started thinking for myself! In one moment of clarity I gained an understanding of modern life.
For years I knew something was changing, everyone looked the other way (mainly downward) thinking someone somewhere would be fixing society with a new law or new social reform.
For the last few decades people had become emotionally flat, detached and lost. Most people spent their time looking into glowing mobile screens creating fake lives in fake locations to match the fake ones viewed every day on 5DTV.
It became so bad that in the year 2025 the ‘Supreme World Court’ diagnosed loneliness as a ‘serious illness’ and an active danger to society.
Anyone diagnosed with Loneliness Level 6 or above was placed in solitary quarantine until self-cured or the medication worked. I know, quite ironic but anyone who dared to point that out became a high risk and shortly followed them as deemed law by World Emperor Trump-Putin 13th, our Supreme ruling dynasty for as long as we can remember. With eyes everywhere they were our Big Brother!
Chapter 2: Genesis.
Shortly after my day of detox, I had a eureka moment. This pandemic of loneliness was destroying us all, and it was for me to cure.
People had changed for the worse and lost something special along the way! Always rushing around chasing careers, materialism, following the ‘instant fame’ dream that was relentlessly churned out.
Yes, I admit technology gave us more ways to make life easier, which in turn brought more stress trying to maintain that ease, while adding to the fear of missing out on the very latest must have updates creating yet more isolation and stress. All this did was just create a new generation of level 4+ loneliness, which worried the government even more.
My old maths teacher used to tell us that in the ancient past when people actually used fossil fuels, a ship would set off on an international voyage just one degree off course, and would subsequently arrive in completely the wrong continent. We all thought it was quaint, and quite primitive using dirty fossil fuels.
Recalling this story it occurred to me that society was that oil tanker and we had ended up somewhere very, very, very wrong.
Yes, there were blips of social unity and excitement where people actually talked to each other, but it never lasted more than a few hours.
I recall reading the ‘Disappointed Years’ about the failed Artificial intelligence launch that adverts sold to us promising a better life. You could hear the collective sigh of disappointment echo around the world when the public realised Ai was yet another computer programme, in a sea of programmes demanding constant updates while gathering yet more intrusive personal data.
Chapter 3: Clone-topia Dreams.
I feel I should introduce myself at this point. My name is Professor Andrew Benzwik. I’m the last ‘Senior Cloning Scientist’ in 2040. I live and study alone in Factory101, the last Great Clone factory remaining.
Way back in the early 2040’s cloning had failed in the publics eye. A Government backed ‘Social Online Survey’ took place in the advert break between the prime time world famous Reality 5DTV finals, reaching 180million viewers.
Cloning got a thumbs down. Followed by major budget cuts, and no ‘likes’ from the uncaring public. My dream vanished like a strand of DNA in a sea of slurry.
So I admit my dream of Clone-topia had a rocky start. Our ‘Cloned Dinosaur Parks’ didn’t go so well. Cloned ‘World War Battles Fun-Ride parks’ failed miserably. Even the Cloned Celebrity attempt fell flat quite literally! A famous play write bard within hours of seeing the world unto which he awoke just walked off the 43rd story ledge sobbing.
Chapter 4: Clone Alone
With these ‘small’ mishaps behind us I decided to continue the dream with only an antique 20th century movie collection for company. I had heard the stories passed down to my parents of a condition called ‘friendliness’ in the 20th century but never really paid attention… until now.
I finally sat down and watched these movies in their entirety, entranced and amazed at what I saw on a screen.
People would chat to each other, help strangers, make friends in cafes, laugh, argue then make up, even partake in physical contact before it was banned as unhygenic! So much social interaction in society, I don’t know how they coped! I saw people just saying ‘hello’ to each other using their own voice and face! Not a Augmental or Digitised facemask disguise in sight!
How primitive those old days seemed to me! We now have everything we could want on screen, the best tech ever! Yet it felt empty and meaningless compared to the lifestyle in those movies!
I knew society was lacking that ‘niceness’ I witness on this antique celluloid. It was crucial that I now save our world. My application to the Government Business Bureau for a license sped through. I think they considered it another waste of time and my last Bit-Dollars.
Chapter 5: New Era.
Year is 2051 @ 1300 hours in Clone Factory101. Kubrick Wing, Room 237 is glowing with energy as Mr Nice model 001 awoke in full working mode.
For months I had worked tirelessly on perfecting Mr Nice, basing him on old British movie star and cool Hollywood action heros.
I built Mr Nice to work hard, be strong and tireless with only one purpose. Be there for people who need help from Mr Nice, at any cost. No need for sleep or food, his atomic energy cells recharged from motion.
Our new saviour had to be resilient! So I constructed his DNA based on indestructible military Kevlar for his skin, white shirt, brown trousers, knitted pullover and bow tie.
The local council reluctantly agreed to a Mr Nice Beta Test, as they were keen to try anything to improve the rising Loneliness 5.8 and Depression ratings. The Council soon took notice as the social ‘Likes’ rose rapidly which meant the performance based funding would also rise producing much needed BitCoin to spend on high street and social areas.
Within hours we featured on the news. Mr Nice would open doors and ask people if they were ok, say hello to strangers, carry heavy bags, fix car tyres and just be a Nice companion! The public were enthralled!
Soon every town and city were ordering dozens of Mr Nice. I cloned as fast as possible for councils keen to improve their value of living and cure the loneliness counts.
Chapter 5: Many hands.
It was hard work at the factory all alone. So I kept my prototype Mr Nice 01 for myself to help.
Soon Mr Nice 01 offered to do all the manual work, being tireless by design. Within weeks he’d realised I was exhausted and suggested another Mr Nice be kept back to help with workload while I recover. What a Nice thought! After all I was their Big Brother!
One day Mr Nice 01 and 02 agreed production needed speeding up to meet growing demand so they sped up the Clone production! Dozens turned to hundreds within a week.
Society was overjoyed to have the clones around picking up litter, helping old ladies cross the highways, go shopping, opening doors, happilyy whistling as they made conversation with everyone. People who looked lost or sad or were on the loneliness4 and above were allocated their own Mr Nice. Society soon perked up and within a few months you could sense people were just friendlier and happier.
So many things needed fixing, the demand grew and over time we lost count of our clones. Thousands and thousands walked out with one aim, to make people happy! Me Nice would cheerfully fix road signs and old fences, people’s gardens, cars and were soon being invited into people’s homes to help solve all sorts of problems. DIY became known as Mr NICE-IY!
Loneliness and Depression ratings dropped to 2, the lowest in history!
Six months passed and soon it appeared we had a near perfect society. The basic programming of Mr Nice to fix, repair, help people seemed to be spot on. Everything was getting fixed, streets were litter free and everything just worked.
Chapter 5: Too Much Nice?
The first complaints came in from small towns where nothing was left to fix, help with or repair. Gangs of Mr Nice would wonder around approaching anyone they could find insisting they help.
Imagine eight Mr Nice all insisting they carry your shopping, make you cross a road safely that you didn’t want to cross, fix that lose button on your jacket and chit chat while the others whistled! It became a small problem I hadn’t anticipated.
Soon reports of Mr Nice being pushy came in. No one was allowed to cross a road without them, carry their own shopping, tie own shoe laces, walk on the perfect lawns... So many Mr Nice wandered around towns and cities redundant, yet tirelessly helping the exhausted public.
So I decided to send out a booster signal to recall them. Nothing happened. I received a text back from the Mr Nice collective.. “How can we help you? We are busy right now finished our work fixing everything and helping everyone. Return to factory is not possible” ‘But If you need help we can send a Mr Nice to you within 2 minutes. Your happiness is important to us.”
Ok, no reason to worry I thought. All the while my factory was still cloning 100’s per week.
The first national news incident happened when a man was limping home with a knee injury. Five passing Mr Nice offered to help carry everything, escort him home, dress him. Then one Mr Nice had a programme eureka moment and suggested the Nicest act he could think of by fixing the man’s knee problem.
All the Mr Nice models WiFi’s connected and agreed it was a Nice idea and right there on the high street, they cut through the man’s bones with ease, cut out his knee joint with fast precision and replaced it with a metal knee delivered by the Nice support spares kit.
The man’s screaming lasted 5 seconds then he went limp and silent. All The Mr Nice group cleaned up, walked away feeling recharged as they had fixed a human’s problem perfectly.
That new kind act of solving a human’s problem connectively broadcast between all the Mr Nice models.
As very little was left to repair all clones of Mr Nice ended up wondering aimlessly. This incident had refreshed their mission to help. That day became known as ‘Death by Nice Day’.
Anyone unwell was upgraded to receive immediate Mr Nice help. Bad arm? - replaced Eyesight a problem? - removed Have a Cough - replace airways or lungs with efficient breathing circuits Old tired body - replaced skeletal sections
47% of the population were torn apart by Niceness in the first three days.
The army intervened but the Nice Kevlar body was indestructible... and within four days the army were ‘cured’ of their destructive attitude by the Mr Nice legion who removed heads but found no replacements, so left piles of bodies for later.
Chapter 6: Home
No one left their house for fear of being offered ‘help’ When they did go out they had to be in top health, make no eye contact with anyone just in case, rush to work and rush home, speak to no one, ignore everyone. We hit a new loneliness 8+ average.
Hiding out in my Factory101, I was helpless to stop the cloning. I dare not interfere until my bad cold went. I could only hope to pull the plug on the cloning one day soon.
Now the world had an unstoppable overwhelming Mr Nice population patrolling streets and making everything lovely and nice. Niceness was now killing us. Society reminisced about the safe old days of ignoring each other.
Meanwhile I had hundreds of thousands or Mr Nice clones walking the earth. I was now hated and seen as the hapless destroyer of society and the cause of the destructive loneliness pandemic.
But I had a plan... a moment of realisation hit me just yesterday from my reinforced laboratory over in the East Manson wing.
Today at 5am, 2055, I’ve started working on a brand new clone model to help resolve this.
I shall name it Mr Mean.
What could possibly go wrong.
The End...........
Andrew Beswick is a graphic, e-learning and gamification designer, who enjoys humorous dark stories, Hawk and Cleaver mysteries, loves this podcast and making art!
Creative rights and copyright Andrew Beswick
submitted by AndrewB3z to creepypod [link] [comments]

Kepler 2020 LitePaper

Kepler 2020 LitePaper
Kepler is a blockchain privacy platform that aims to release the first ever Confidential Assets on a MimbleWimble Blockchain. Our consensus mechanism is Proof-of-Work. If you’d like to see more, please visit our website: https://kepler.network as well as our documentation site at https://docs.kepler.network
You can check out our LitePaper here: https://keplernetwork.s3.eu-central-1.amazonaws.com/KeplerLitepaper.pdf

https://preview.redd.it/p5wmp6vsvor41.png?width=1000&format=png&auto=webp&s=fb8e87df4d526888b9d2bcb6c9087a3206062e5b

The Kepler LitePaper mentions:

  • Privacy Protection on Blockchain
  • Why Design Kepler
  • What is Kepler
  • Economic Model
  • Future Work
Given the fact that Kepler is a MimbleWimble(MW) blockchain, privacy is one of the most important topics for Kepler, and this goes beyond “simple privacy”.

Let’s begin and explore some of the highlights of the Kepler LitePaper!


https://preview.redd.it/f217l3bvvor41.jpg?width=1000&format=pjpg&auto=webp&s=d05982d779dcf41efe2b32387556285380ec314c

Confidential Transactions (CT)

CT were designed to restore privacy to blockchain transactions, as the LitePaper mentions, Bitcoin transactions aren’t private, they can be traced using publicly-available tools. The goal for CT is to restore privacy to blockchain transactions.

https://preview.redd.it/5dyb52w0wor41.jpg?width=1000&format=pjpg&auto=webp&s=71e06ea76a1cd4dc4d83d1bae469d4eee02858db

Native CT on Kepler MW

Privacy has been a major topic in blockchain technology in the past decade, there’s been several technological approaches towards providing true privacy, without sacrificing scalability and functionality. Over time, there was a loss of interest towards privacy technology on blockchain, that is, until MimbleWimble technology came along. Thanks to MimbleWimble, there is a way to improve privacy without sacrificing functionality, and in the meantime, MW allows for better scalability.
Remember, there are no addresses used in Kepler!

https://preview.redd.it/05ar4u531pr41.png?width=1000&format=png&auto=webp&s=6f49a83cc9e054e3307283d77a45c2245e7477f9

Confidential Assets (CA)

Perhaps one of the most exciting topics in recent blockchain development, it will allow users to create multiple asset types without exposing both the asset type and transaction amount publicly.

https://preview.redd.it/tz8ecgu31pr41.png?width=1000&format=png&auto=webp&s=ac1abc56bc8194e1d781b3ad6409b9bb05ba29c2

Moving towards the future of Privacy

The best way to launch Confidential Assets is on a blockchain built for privacy. Having semi-anonymous backbone infrastructure that cannot scale is not a good starting point for development.

https://preview.redd.it/9eegvc751pr41.png?width=1000&format=png&auto=webp&s=44d929cd9cd73271edca0ef5eb8f3a12ceddbebf

CA already in Testnet

Our development team has been working for months and plans to launch a working test network soon. We will be release development updates regularly, and we encourage feedback.

https://preview.redd.it/yun2dgp61pr41.jpg?width=1000&format=pjpg&auto=webp&s=b1c09e00a1dafb5e4211f2ace7759d2cbfcb1264

WhitePaper coming up soon after the LitePaper

We chose a Proof-of-Work (PoW) consensus mechanism for a variety of reasons. This article could get lengthy if we go into too much detail, but we’ll discuss this a bit.
An ASIC PoW algorithm is fair for miners, even ones who invested in multiple graphics cards. There will always be a coin for them to mine with their hardware. Hashrate rental services even the playing field for everyone. Most individuals cannot mine as cheap as they rent because of electricity costs. Not to mention the upfront cost of the hardware, shipping, customs and other fees like cooling and electrical work. Renters like using these services because they don’t need to trust their mining pool nor do they have to take custody of their coins or pay exchange fees.

https://preview.redd.it/rx9gtiy71pr41.jpg?width=1000&format=pjpg&auto=webp&s=0268c349360ce01c0ad0eb46c6e5ac08c061eedf

Economic Model

Cryptocurrencies are far more divisible than fiat currency. Think of it as a dollar with a million pennies. Finding an economic model that works is something polite society will never stop debating. The trick is to make currency scarce enough so that it has value, but rare enough that so that everyone has access to it.

Social

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submitted by keplernetwork to KeplerNetwork [link] [comments]

Mr Nice Nice Nice Nice. (M)

Too much of a Nice thing...
(Or Mr Nice Nice Nice Nice).
Chapter 1: Media Detox!
I remember it clearly. After a week on a ‘media-detox’ and by day five I had a very odd sensation! With no phone or 5DTV I started thinking for myself! In one moment of clarity I gained an understanding of modern life.
For years I knew something was changing, everyone looked the other way (mainly downward) thinking someone somewhere would be fixing society with a new law or new social reform.
For the last few decades people had become emotionally flat, detached and lost. Most people spent their time looking into glowing mobile screens creating fake lives in fake locations to match the fake ones viewed every day on 5DTV.
It became so bad that in the year 2070 the ‘Supreme World Court’ diagnosed loneliness as a ‘serious illness’ and an active danger to society.
Anyone diagnosed with Loneliness Level 6 or above was placed in solitary quarantine until self-cured or the medication worked. I know, quite ironic but anyone who dared to point that out became a high risk and shortly followed them as deemed law by World Emperor Trump-Putin 13th, our Supreme ruling dynasty for as long as we can remember. With eyes everywhere they were our Big Brother!
Chapter 2: Genesis.
Shortly after my day of detox, I had a eureka moment. This pandemic of loneliness was destroying us all, and it was for me to cure.
People had changed for the worse and lost something special along the way! Always rushing around chasing careers, materialism, following the ‘instant fame’ dream that was relentlessly churned out.
Yes, I admit technology gave us more ways to make life easier, which in turn brought more stress trying to maintain that ease, while adding to the fear of missing out on the very latest must have updates creating yet more isolation and stress. All this did was just create a new generation of level 4+ loneliness, which worried the government even more.
My old maths teacher used to tell us that in the ancient past when people actually used fossil fuels, a ship would set off on an international voyage just one degree off course, and would subsequently arrive in completely the wrong continent. We all thought it was quaint, and quite primitive using dirty fossil fuels.
Recalling this story it occurred to me that society was that oil tanker and we had ended up somewhere very, very, very wrong.
Yes, there were blips of social unity and excitement where people actually talked to each other, but it never lasted more than a few hours.
I recall reading the ‘Disappointed Years’ about the failed Artificial intelligence launch that adverts sold to us promising a better life. You could hear the collective sigh of disappointment echo around the world when the public realised Ai was yet another computer programme, in a sea of programmes demanding constant updates while gathering yet more intrusive personal data.
Chapter 3: Clone-topia Dreams.
I feel I should introduce myself at this point. My name is Professor Andrew Benzwik. I’m the last ‘Senior Cloning Scientist’ in 2085. I live and study alone in Factory101, the last Great Clone factory remaining.
Way back in the early 2030’s cloning had failed in the publics eye. A Government backed ‘Social Online Survey’ took place in the advert break between the prime time world famous Reality 5DTV finals, reaching 180million viewers.
Cloning got a thumbs down. Followed by major budget cuts, and no ‘likes’ from the uncaring public. My dream vanished like a strand of DNA in a sea of slurry.
So I admit my dream of Clone-topia had a rocky start. Our ‘Cloned Dinosaur Parks’ didn’t go so well. Cloned ‘World War Battles Fun-Ride parks’ failed miserably. Even the Cloned Celebrity attempt fell flat quite literally! A famous play write bard within hours of seeing the world unto which he awoke just walked off the 43rd story ledge sobbing.
Chapter 4: Clone Alone
With these ‘small’ mishaps behind us I decided to continue the dream with only an antique 20th century movie collection for company. I had heard the stories passed down to my parents of a condition called ‘friendliness’ in the 20th century but never really paid attention… until now.
I finally sat down and watched these movies in their entirety, entranced and amazed at what I saw on a screen.
People would chat to each other, help strangers, make friends in cafes, laugh, argue then make up, even partake in physical contact before it was banned as unhygenic! So much social interaction in society, I don’t know how they coped! I saw people just saying ‘hello’ to each other using their own voice and face! Not a Augmental or Digitised facemask disguise in sight!
How primitive those old days seemed to me! We now have everything we could want on screen, the best tech ever! Yet it felt empty and meaningless compared to the lifestyle in those movies!
I knew society was lacking that ‘niceness’ I witness on this antique celluloid. It was crucial that I now save our world. My application to the Government Business Bureau for a license sped through. I think they considered it another waste of time and my last Bit-Dollars.
Chapter 5: New Era.
Year is 2086 @ 1300 hours in Clone Factory101. Kubrick Wing, Room 237 is glowing with energy as Mr Nice model 001 awoke in full working mode.
For months I had worked tirelessly on perfecting Mr Nice, basing him on old British movie star and cool Hollywood action heros.
I built Mr Nice to work hard, be strong and tireless with only one purpose. Be there for people who need help from Mr Nice, at any cost. No need for sleep or food, his atomic energy cells recharged from motion.
Our new saviour had to be resilient! So I constructed his DNA based on indestructible military Kevlar for his skin, white shirt, brown trousers, knitted pullover and bow tie.
The local council reluctantly agreed to a Mr Nice Beta Test, as they were keen to try anything to improve the rising Loneliness 5.8 and Depression ratings. The Council soon took notice as the social ‘Likes’ rose rapidly which meant the performance based funding would also rise producing much needed BitCoin to spend on high street and social areas.
Within hours we featured on the news. Mr Nice would open doors and ask people if they were ok, say hello to strangers, carry heavy bags, fix car tyres and just be a Nice companion! The public were enthralled!
Soon every town and city were ordering dozens of Mr Nice. I cloned as fast as possible for councils keen to improve their value of living and cure the loneliness counts.
Chapter 5: Many hands.
It was hard work at the factory all alone. So I kept my prototype Mr Nice 01 for myself to help.
Soon Mr Nice 01 offered to do all the manual work, being tireless by design. Within weeks he’d realised I was exhausted and suggested another Mr Nice be kept back to help with workload while I recover. What a Nice thought! After all I was their Big Brother!
One day Mr Nice 01 and 02 agreed production needed speeding up to meet growing demand so they sped up the Clone production! Dozens turned to hundreds within a week.
Society was overjoyed to have the clones around picking up litter, helping old ladies cross the highways, go shopping, opening doors, happilyy whistling as they made conversation with everyone. People who looked lost or sad or were on the loneliness4 and above were allocated their own Mr Nice. Society soon perked up and within a few months you could sense people were just friendlier and happier.
So many things needed fixing, the demand grew and over time we lost count of our clones. Thousands and thousands walked out with one aim, to make people happy! Me Nice would cheerfully fix road signs and old fences, people’s gardens, cars and were soon being invited into people’s homes to help solve all sorts of problems. DIY became known as Mr NICE-IY!
Loneliness and Depression ratings dropped to 2, the lowest in history!
Six months passed and soon it appeared we had a near perfect society. The basic programming of Mr Nice to fix, repair, help people seemed to be spot on. Everything was getting fixed, streets were litter free and everything just worked.
Chapter 5: Too Much Nice?
The first complaints came in from small towns where nothing was left to fix, help with or repair. Gangs of Mr Nice would wonder around approaching anyone they could find insisting they help.
Imagine eight Mr Nice all insisting they carry your shopping, make you cross a road safely that you didn’t want to cross, fix that lose button on your jacket and chit chat while the others whistled! It became a small problem I hadn’t anticipated.
Soon reports of Mr Nice being pushy came in. No one was allowed to cross a road without them, carry their own shopping, tie own shoe laces, walk on the perfect lawns... So many Mr Nice wandered around towns and cities redundant, yet tirelessly helping the exhausted public.
So I decided to send out a booster signal to recall them. Nothing happened. I received a text back from the Mr Nice collective.. “How can we help you? We are busy right now finished our work fixing everything and helping everyone. Return to factory is not possible” ‘But If you need help we can send a Mr Nice to you within 2 minutes. Your happiness is important to us.”
Ok, no reason to worry I thought. All the while my factory was still cloning 100’s per week.
The first national news incident happened when a man was limping home with a knee injury. Five passing Mr Nice offered to help carry everything, escort him home, dress him. Then one Mr Nice had a programme eureka moment and suggested the Nicest act he could think of by fixing the man’s knee problem.
All the Mr Nice models WiFi’s connected and agreed it was a Nice idea and right there on the high street, they cut through the man’s bones with ease, cut out his knee joint with fast precision and replaced it with a metal knee delivered by the Nice support spares kit.
The man’s screaming lasted 5 seconds then he went limp and silent. All The Mr Nice group cleaned up, walked away feeling recharged as they had fixed a human’s problem perfectly.
That new kind act of solving a human’s problem connectively broadcast between all the Mr Nice models.
As very little was left to repair all clones of Mr Nice ended up wondering aimlessly. This incident had refreshed their mission to help. That day became known as ‘Death by Nice Day’.
Anyone unwell was upgraded to receive immediate Mr Nice help. Bad arm? - replaced Eyesight a problem? - removed Have a Cough - replace airways or lungs with efficient breathing circuits Old tired body - replaced skeletal sections
47% of the population were torn apart by Niceness in the first three days.
The army intervened but the Nice Kevlar body was indestructible... and within four days the army were ‘cured’ of their destructive attitude by the Mr Nice legion who removed heads but found no replacements, so left piles of bodies for later.
Chapter 6: Home
No one left their house for fear of being offered ‘help’ When they did go out they had to be in top health, make no eye contact with anyone just in case, rush to work and rush home, speak to no one, ignore everyone. We hit a new loneliness 8+ average.
Hiding out in my Factory101, I was helpless to stop the cloning. I dare not interfere until my bad cold went. I could only hope to pull the plug on the cloning one day soon.
Now the world had an unstoppable overwhelming Mr Nice population patrolling streets and making everything lovely and nice. Niceness was now killing us. Society reminisced about the safe old days of ignoring each other.
Meanwhile I had hundreds of thousands or Mr Nice clones walking the earth. I was now hated and seen as the hapless destroyer of society and the cause of the destructive loneliness pandemic.
But I had a plan... a moment of realisation hit me just yesterday from my reinforced laboratory over in the East Manson wing.
Today I’ve started working on a brand new clone model to help resolve this.
I shall name it Mr Mean.
What could possibly go wrong.
The End...........
Andrew Beswick is a graphic, e-learning and gamification designer, who enjoys humorous dark stories, Hawk and Cleaver mysteries, loves this podcast and making art!
Creative rights and copyright Andrew Beswick
submitted by AndrewB3z to creepypod [link] [comments]

Money after dollar collapse: silver, gold, bitcoin ... What is Bitcoin? Bitcoin Explained Simply for Dummies ... Historical Price of Bitcoin (2010 - 2019) - YouTube 100 Trillion Dollar Bitcoin Catalyst - YouTube Bitcoin Value and Dollar Value Explain in Sinhala

BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew ... Bitcoin USD price, real-time (live) charts, bitcoin news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more. Live Bitcoin prices from all markets and BTC coin market Capitalization. Stay up to date with the latest Bitcoin price movements and forum discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Bitcoin. Charts providing a snapshot of the Bitcoin Cash (BCH) ecosystem The Bitcoin hype machine is back in overdrive. The digital token spiked above $13,000 this week for the first time in over a year, touching off Twitter dance parties, new sky-high predictions and ...

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Money after dollar collapse: silver, gold, bitcoin ...

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