Bitcoin Cash price today, BCH marketcap, chart, and info ...

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Bodog Canada Casino 100 free spins + 100% up to $600 bonus

Bodog Canada Casino 100 free spins + 100% up to $600 bonus

https://preview.redd.it/clshocfyf4k51.png?width=1717&format=png&auto=webp&s=65f18d3a8c7afb4328585bc3f3b3051b018cca34
At Bodog Canada, every new casino player receives 100 free spins on Microgaming slots! Plus, new depositors get a 100% welcome bonus up to a hefty $600! For example, deposit $600 and play with $1200 free chips!
>> Get Free Spins Now <<

Game Software and selection

The online casino side of Bodog is supported by two separate software providers. While Real Time Gaming might not have the newest or shiniest games out there, it provides sufficient variation when it comes to all your favorite classics. Thanks to the use of RTG you get a wide choice of blackjack, baccarat, roulette, and video poker to keep you entertained. There are no live dealer games available at Bodog casino yet but there is a wide choice of everything else!
However, the real stars at Bodog are the Betsoft games. They are perfectly rendered movie-like creations, but besides feasting your eyes on them, you can also win money from them. It is a pretty sweet deal! In addition, Bodog offers a bunch of player guides to lead you through the process of picking a game, learning how to play it, and even following the etiquette of online casinos! And if that is not enough, every game has its own 'How to play' section and a detailed description, so you can go in prepared! Some of the slots that you have to try out are Cleopatra's Gold, Caesar's Empire and Madder Scientist, to name but a few.
It is important to note that Bodog does not cater to professional players, as can be seen in the amount of support and information they provide to their players, and the fact that the highest bets that one can make at one go do not go over C$500. This is a casino that caters specifically to recreational players, even giving them the facility to remain anonymous at the poker tables.
>> Get Free Spins Now <<
>> Get Free Spins Now <<

Bodog Poker Review

Online poker betting is a big feature of online gaming and Bodog offers a medium-sized poker room for fans of the game. While you can only play up to 15 tables simultaneously, that fits in with the ethos of the casino and its dedication to recreational players. When it comes to poker, Bodog also offers anonymous tables where no one know the others' online handle and everyone is given a number. In this way, the odds are evened out. This might not seem appealing to pro players but recreational players will find it a refreshing breath of air compared to other poker rooms. There is also a number of poker tournaments organized by Bodog poker room over the span of each year, which are a good place for more experienced players.
The thing about playing poker on Bodog is that if you do it from your computer, you have to download the Bodog app. That does have its advantages, as having the Bodog app allows you to also access the whole range of Bodog casino games, so once downloaded, you can play both poker, and everything else, straight from your computer. Signing up for Bodog's poker room can also make you eligible for a bonus of up to C$1,000, so it is a good place to start if you are a new player just getting into poker.

Bodog Sports review

Bodog sports betting is one of the best sites to go to if you are into betting on sports and you live in Canada. Football, basketball, hockey are all to be expected in a sportsbook but Bodog also offers political bets, and even wagers on topics connected to Entertainment. For example, you can bet on who will win Big Brother Brazil or who will be the next Game of Thrones character to die in the series! This makes Bodog the right side for betting if you are looking for something less ordinary.

Bodog Mobile review

To play on Bodog from your mobile device, all you have to do is open up your browser and sign up for a Bodog online casino account. Since the latest overhaul of the website there is no software to download for mobile use, which is great news for Apple devices! This also makes the casino lighter and easier to use than many of its competitors. Basically, any mobile device capable of running html5 can be used to place bets on Bodog. So if you have an iPhone or an Android you will be able to access your Bodog account and play online poker or place bets on horse racing. If you prefer your iPad or your Toshiba tablet, you will do just fine with the Bodog mobile site.
What if you don't own the latest iPhone or a Samsung Galaxy, or a Huawei P9? What if you are a Blackberry fan? Fear not, Bodog caters for you, too, with a mobile-optimized page that will open just right on your device screen! So even from your Blackberry, you can still partake in Bodog's mobile poker.
>> Get Free Spins Now <<

Banking options:

Bodog does not offer a wide range of accepted banking methods, but it accepts some of the most popular ones, which makes up for the lack of variety. You can always use your Visa or Mastercard for deposits, even if they are anonymous prepaid cards. Another major payment method for Bodog online casino is the instant e-check and still another the Interac e-transfer, which allows you to use your online banking services to deposit.
The top withdrawal method for Bodog is actually via check. Bodog issues up to one fee-free check a month for up to C$3,000. Recently, the casino also introduced Bitcoin and now they even offer a tutorial describing how to create an account and use Bitcoin for betting. This can be a good method if you prefer to remain anonymous.

Security and fair play

To begin with, Bodog is regulated in Antigua, one of the world's top gaming regulators. Your information is heavily encrypted by 128 bit SSL, and you can even play anonymously at the poker tables - a feature that is not present in any other large casinos.
In terms of fairness, Bodog applies the latest randomizing technology which ensures that the games are completely random and unpredictable and you have the same shot at winning as anyone else. In addition, the casino does not make money from your losses but by raking the pot, so it is to everyone's advantage for you to keep winning!
>> Get Free Spins Now <<

Promotions and customer support

Welcome bonus

Signing up to Bodog can earn you up to C$1,800 in bonuses if you follow the rules carefully. This is not a casino that will let you take home hundreds of thousands of dollars in winnings but it encourages its players to partake in all its different betting activities. To get the total of C$1,800 you need to bet at the bookmaking side of the website, the poker tables, and the slots, but even if you don't you will still get some bonuses for every part of the website you partake in. For example, signing up for the Bodog online casino can get you up to C$600 if you follow the conditions!

Loyalty program

Bodog has two separate loyalty programs. One is a point system directly linked to the amount of cash you bet on slots, casino games or blackjack. For example, for every C$10 you bet on slots, you get 2 points. And every 100 points give you a dollar in cash that you can then bet again.
The second program is the 94 Club, which is the VIP club for loyal members. It offers you extra rewards, bonuses, promotions and even events to exotic locations for being a member. You can get weekly bonuses and various giveaways as a member of the club.
>> Get Free Spins Now <<

Progressive jackpots

As mentioned, this is not a casino for pros, so the highest jackpots currently up for grabs in the slots section do not surpass 10K. Most of the jackpots won recently are below 50K, so this is not a place to go if you like the thrill of fighting for millions. However, as the website's Big Winners section shows, there are big winners in Bodog every day, so the odds of winning are larger than usual.

Customer support

Bodog online casino offers 24/7 customer care support in both email and phone format. The site is in English, Portuguese and Spanish and there are also multiple detailed tutorials that can guide you through standard processes, game rules and even online casino etiquette. So whatever you need, you will definitely find it somewhere through the site or the helpful customer support staff.

Bodog review in 2020: Conclusion

The Bodog website is a big place which offers a number of different types of gambling. It uses two types of game software, which makes its games more interesting and diverse, and it has strong customer support all around the clock. It accepts a sufficient number of payment methods, including Bitcoin, which is gaining popularity rapidly and offers some strong welcome bonuses to start you off.
It is only open to Canadian players, works in Canadian dollars, and it does not accept professional players but that means that if you are a Canadian beginner or a recreational player, this casino is made especially for you. And whether you are into horse betting, sports betting, casino or poker, Bodog will offer you the best service and betting options on the market.
>> Get Free Spins Now <<
submitted by freespinsgaming to u/freespinsgaming [link] [comments]

08-18 03:45 - 'People, stop saying bitcoins is going to destroy "the financial system as we know it" (STORY)' (self.Bitcoin) by /u/graydoggames removed from /r/Bitcoin within 291-301min

'''
The last month I actually worked, I was earnings $2,165 per week. After taxes, I got to take home... $965. I don't even pay child support.
Federal tax, provincial tax, employment insurance, parental insurance, mandatory retirement plan (taken "from source" as they say it), medical insurance (mandatory), union fee, professsional order fee....
... all taken right from my pay and I couldn't say a word about it.
Of course, in addition to all that, I still needed to pay sales taxes (15%), property taxes (5k a year), gas taxes, school taxes................................................... Likewise, I had to pay parking at work every day, gas to go to work, dinner lunches, etc etc etc.
I did the math once, and from $2,165, after you count everything, I got to take home $500 IF I was lucky.
Less than 25% of what I earned was actually mine.
So, why am I telling you this?
Because at some point, I just... gave up. I didn't see it as "being worth it" anymore.
This is when I quit my job to pursue other passions. I ended up, amongst other things, on poker and cryptocurrencies.
Today, I earn way less than back when I was working, but I actually take a lot more home. I don't have to spend 2+ hours per day in traffic, find parking, obey bullshit orders from idiots that don't know anything but got higher positions because they are better at licking boots, and I don't have the frustration that I get from work. I have a lot more free time and am generally WAY happier.
__________________
So, again, why am I telling you this? Because as long as people are willing to pull up with this bullshit, nothing will change. I have a friend who STILL partake in that "rat race" ... except that he also has to pay child support. He takes even less home, yet he never even THINK about bitching about it.
To be clear, I am not anti-taxes, but can we fucking agree than if I earn $110,000 a year, I should take home more than $25,000?
Can we AT LEAST agree on that? That it's not worth it? My boss' daily BONUS (not even his wages) is more than $25,000 AND that is not taxable (it's a capital gains).
Do you think that's even remotely close to fair?
I see people here being VERY optimistic about bitcoins and to be honest, so am I. I made a promise to myself I wouldn't sell bitcoins until they reach 100k. I took cash advances on my credit card to buy bitcoins. That's how much I fucking love bitcoins. I really believe in it (And ether).
But even if bitcoins hits $1M, which I hope, it's not going to cause a dent in the financial system until people decice they have enough.
At $100,000 per bitcoins, the entire bitcoin market cap would be less than $2T, which is less than Apple, ONE company.
Add in the lost bitcoins (4M?) and we can see that even if bitcoin reaches $1,000,000, the entire market cap will be around $20T which, while huge, is insignificant in the grand scheme of things.
In the last four months alone, the FED has printed $6T. They basically created that money out of thin air and trust me, they are nowhere near done yet. That's 30x the current market cap of bitcoins, printed, invented, made up, you pick your own word.
Trump sent $1200 to every working american (and then some). Do the math.
To say that bitcoins can disrupt the financial system is simply fake. I'm not saying it's impossible, but it's insanely unlikely. It will not unseat banks, big corporations and other entities trying (and suceeding) to enslave us. Simply because these people can invent as much money as they want.
THIS is why I paid 75% in taxes by the way. Because my province keeps printing more and more money to give to their buddies. I could go on about how horrible this province is mismanaged (most corrupt in the country) or how they waste trillions year after year, how they give themselves huge bonuses and billions (see: Trudeau WE, commandites scandal, etc etc etc). That's money that they rob from YOU AND I.
They take your 75% income tax and fuck you in the ass with it. Trust me, you get far fewer services that you think you do. Again I'm not against taxation but 75% while those people steal billions is ludicrous.
And as long as people are willing to put up with it, nothing will change. Bitcoins cannot change the mentality of "I slave every day to enrich billionaires who don't give a shit about me." I quit working because it just wasn't worth it, but the vast majority show up day after day to enrich CEOs, corporations, shareholders, and the government.
The dollar is not backed on gold. It's backed by good will. Meaning, the faith that the printed money is backed by the economy. If people refuse to take part in the economy, or even use loopholes to partake in it as little as possible, THEN the financial system will crash. But as long as people obey orders and allow themselves to get ripped off (that $6T printed money will lead to either of two things: higher taxes, or higher inflation, or both), the system will survive, bitcoins or not.
Yes, bitcoin can help that financial system crash, but by themselves, no matter the price, they cannot "start" or "achieve" anything, even if they reach $1,000,000. Bitcoin entire market cap is peanuts compared to how much those people rob, year after year.
I'll conclude by saying the bitcoin's most important attribute is that there is a fixed number. Obviously you cannot print unlimited bitcoins like the FED is doing with money right now and in 5-10 years I would bet new bitcoins will be very, very rare. Bitcoin isn't going anywhere but up and I'm holding until it hits 100k MINIMUM. But to conclude, don't think it's anything but a blimp for the world's economy. An important blimp, but a blimp nonetheless.
'''
People, stop saying bitcoins is going to destroy "the financial system as we know it" (STORY)
Go1dfish undelete link
unreddit undelete link
Author: graydoggames
submitted by removalbot to removalbot [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to Libertarian [link] [comments]

Job scams. PayPal/Bitcoins scams?

Back in March I signed up for indeed, careerbuilder and Glassdoor.
Due to the covid 19 company’s where hiring with zoom/phone calls interview (I actually got a job that way) but there have been so many scams it’s just ridiculous. Here is one that I actually work for some days because I found it interesting but look at this info and you tell me what your judgement tells you.
Note: I am posting this as a text because I google search the emails initials emails and there was not result out there for this company so I wanted to leave this out others’ search’s
First email
BRACK Support
Good Day ! We have RECEIVED YOUR APPLICATION for the work position:
My name is J—— M—— , and I will be your personal consultant. I am a specialist of the BRACK.CH Company. First, I would like you to study the details below and make a decision about our partnership. I am ready to answer all your questions if you have any. Please learn each part of the position carefully:

ABOUT OUR COMPANY:

BRACK.CH is a Swiss trading company founded by Roland Brack in 1994. We started using the Internet and e-Commerce at an early stage. Today, our company generates most of its sales through our online store. The number of our users exceeds 15 million. Every day there are more than 1 million transactions made. Currently we develop the North American market. The US economy is the most powerful economy worldwide and their banking and payment systems work comfortably and stably. These factors provide a basis for profitable cooperation of American and European customers. The problem we need to resolve is the language barrier. Every day we have correspondence with our employees and customers from the United States. English is not our native language. Furthermore, American English and European English have many differences that can bring some inaccuracy in our communication. Our correspondence has a business character and is often associated with finances. Any inaccuracies may cause misunderstandings. We hope that you are a responsible person who can proofread our business correspondence.

JOB DETAILS:

  • Every work day (Monday - Friday) you will receive an email from us containing texts for editing.
  • You will have only 24 hours to complete them. The work will take about 30 minutes.
  • You can do this work at any time and in any text format you prefer.
  • After you have finished editing the texts - send your corrections back to us. Attention! It`s very important that you white-list our e-mail address, to insure that you receive our correspondence in a timely manner. Please check your emails from us every day and check all folders, since we send emails every day.

SALARY:

  • You will be paid $5 for 1Kb of text (1Kb = 1024 symbols).
  • Every working day you will receive approximately 8-10 kilobytes of texts (about 50 dollars of daily income).
  • Every day we will count your balance and send you reports.
  • At the initial stage of cooperation, we will pay you every two weeks. The 1st month is a test period to check your responsibility and communication skills, after this we may sign an agreement with you. We will list everything in it such as taxes, expenses, fees, interests and everything else necessary to have a partnership with you.
  • After signing the agreement, we will be able to pay for your work daily. It will depend on your desire. Career growth is possible.
  • We use PAYPAL for payments. It’s very safe. You do not need to provide us any of your personal information. You should have a PayPal account (verified). We will send you all payments via your PayPal account.
ATTENTION! Now you have read and understand the job details. Please let us know if you are interested. Also, please provide us your PAYPAL email.
WAITING FOR YOUR RESPONSE.
----next email ------ BRACK Support
Mon, May 25, 11:22 AM (13 days ago)
to me
We have RECEIVED YOUR APPLICATION for the work position:
My name is Joseph Marshall, and I will be your personal consultant. I am a specialist of the BRACK.CH Company. First, I would like you to study the details below and make a decision about our partnership. I am ready to answer all your questions if you have any. Please learn each part of the position carefully:

ABOUT OUR COMPANY:

BRACK.CH is a Swiss trading company founded by Roland Brack in 1994. We started using the Internet and e-Commerce at an early stage. Today, our company generates most of its sales through our online store. The number of our users exceeds 15 million. Every day there are more than 1 million transactions made. Currently we develop the North American market. The US economy is the most powerful economy worldwide and their banking and payment systems work comfortably and stably. These factors provide a basis for profitable cooperation of American and European customers. The problem we need to resolve is the language barrier. Every day we have correspondence with our employees and customers from the United States. English is not our native language. Furthermore, American English and European English have many differences that can bring some inaccuracy in our communication. Our correspondence has a business character and is often associated with finances. Any inaccuracies may cause misunderstandings. We hope that you are a responsible person who can proofread our business correspondence.

JOB DETAILS:

  • Every work day (Monday - Friday) you will receive an email from us containing texts for editing.
  • You will have only 24 hours to complete them. The work will take about 30 minutes.
  • You can do this work at any time and in any text format you prefer.
  • After you have finished editing the texts - send your corrections back to us. Attention! It`s very important that you white-list our e-mail address, to insure that you receive our correspondence in a timely manner. Please check your emails from us every day and check all folders, since we send emails every day.

SALARY:

  • You will be paid $5 for 1Kb of text (1Kb = 1024 symbols).
  • Every working day you will receive approximately 8-10 kilobytes of texts (about 50 dollars of daily income).
  • Every day we will count your balance and send you reports.
  • At the initial stage of cooperation, we will pay you every two weeks. The 1st month is a test period to check your responsibility and communication skills, after this we may sign an agreement with you. We will list everything in it such as taxes, expenses, fees, interests and everything else necessary to have a partnership with you.
  • After signing the agreement, we will be able to pay for your work daily. It will depend on your desire. Career growth is possible.
  • We use PAYPAL for payments. It’s very safe. You do not need to provide us any of your personal information. You should have a PayPal account (verified). We will send you all payments via your PayPal account.
ATTENTION! Now you have read and understand the job details. Please let us know if you are interested. Also, please provide us your PAYPAL email.
WAITING FOR YOUR RESPONSE.
-------Some of their internal correspondence---------
4.6(D_10043121) Letter “Job Offer” Dear Sir / Madam Thank you for your interest in our company! Our company is engaged in the purchase and resale of goods in foreign auctions. Including eBay. We have been working for several years in this business and develop further. Since we have moved to a new stage of development, we have more customers, more transactions, the quality of transactions is improved, we gained experience and have made many friends. Now we have vacant positions - representative. Who lives in a country in which we sell a product and he takes for us the payment on Paypal. We cannot accept the payment on Paypal by ourselves as the limit for sending money to Portugal via Paypal - $ 350 a month. But there is always a way out of these situations, because there are a lot of good people on earth which are willing to help, and of course we will always pay for all the help we need in our business. So we want to offer you to become our representative, especially considering the fact that time that you will spend no more than 1 hour a day and not every day, and will earn $ 3,000 or more. So imagine - $ 1,500 per month is a fixed salary. In addition to the salary is 5% from each transaction. You will collect a good amount during the month. To become our representative, you need to send us the answer with request to review your application and send you the details, description, answers to your questions, the necessary data required from you in order to start the work. Of course, we will pay you at once! You will see it from the first transaction. Try to consider our proposal carefully and without shelving test yourself at this work. It’s all up to you, the more effort – the more you can earn. We guarantee a safe work! Thank you,
2.1(B_1009980) Letter for the purchaser j.
Dear —-, Thanks that you confirmed the delivery of the goods right on time. Tomorrow we’ll receive the money for the goods. Thanks for the good feedback, so we always try to satisfy the customer, as our company continues to develop rapidly, we are interested in the quality of transactions. According to your inquiry, we cannot give you a positive answer, because we do not sell firearms, it doesn’t matter whether it is broken or very old. For all other questions, you can always contact us and we will be happy to help you on the same day. Thank you,
Dear J——, We are glad that you like our products. Thanks for the positive feedback. We received the payment from you and we are happy too. We always welcome a good and adequate clients and will try harder to improve the quality of transactions. Now we hire people to work as our representatives. And in the next 2-3 days, we will send all our partners, customers and other employees the job offer of a representative. To improve the quality more and big up the speed of a larger number of transactions, we have temporarily close the vacancy of our letters corrector. Everyone who is editing our letters and texts – can also become our representative.
The requirements are simple. Age - under 21 years, the country - USA, conscientious attitude to work and adherence to our rules. All rules and details will also be sent to new representatives. Each representative will be interviewed by phone and checked on databases. Expect the offer from us soon! Thank you,
2.7(B_1008346) Letter for our representative R.
Dear R——, The buyer confirmed the receipt table set and said he was satisfied with the purchase. We sent you delivery tracking in the previous letter, so confirm receipt and send the money to us, following the instructions. If you have any questions, contact us and we'll call you. Thank you,
3.8(С_1001890) Letter for the purchaser Dear J—- We have not received the money for the goods from our representative and now we have to ask you to put the disput to payment this representative. The money will return to your Paypal automatically and we will inform you how to send the money to us again through another representative. Confirm us that you have hung the disput and the money returned. We will give you the Paypal of another representative. Thank you,
2.3(B_1001233) Letter Admin.
Hello ! Thank You for your reply. We have learned all paragraphs that You have presented. We have been very surprised your ingenuity. You have made excellent work for such a short period of time. We are interested in the following options from all You have offered: We wil buy bitcoins directly from individuals. (It is how we can buy Bitcoins with no limit). We will buy bitcoins for 25-30% more expensively than it's a real course. (In other words - we will buy bitcoins for the same price then from the Exchanges + additional surtax, but without limit and without several days wait). We will involve the American sellers of bitcoins for full-time employment. (they are more active and they have more opportunities to buy bitcoins for us.) We will pay a cash for Bitcoins and after receiving of bitcoins. (This is becaus of the fact that there are a lot of scam in USA and there is a probability that anybody can send us the stolen bitcoins. We are ready to pay bitcoins with a cash for the same reason excepting bank transactions) We are going to make deals with new sellers of bitcoins with the limit of $1500 per one deal. After a first month of partnership and if we had no problems with a new seller we may discuss to lift the limitation. Please learn the list of our decision and develop the program for search and involve the American individuals. We have tested the method with our current employees and it has a success. Everyone is interested in the extra profits.
3.6(С_1007443) Letter Admin. We have got Bitcoins from our employees according to the test program yesterday. Our employees have sent us cryptocurrency: J.... C............ bitcoins for 180 USD M..... V............. bitcoins for 220 EURO A.... L............ bitcoins for 150 USD P....... K........... bitcoins for 300 EURO T..... G.............. bitcoins for 700 EURO P...... .M................ bitcoins for 1500 USD (5th deal. Limits lifted for t empployee request) P...... V............... bitcoins for 3700 USD (6th deal. Limits lifted for the empployee request) You should prepare packages with the following amounts of cash and send UPS to the following employees today: J..... C.............180+25%= 180+45=225 USD M.... V..................220+25%= 220+55=275 EURO A..... L...........150+25%= 150+37,5=187,5 USD P..... K..........300+25%= 300+75=375 EURO T..... G..........700+25%= 700+175=874 EURO P.... M.............1500+30%= 1500+450=1950 USD P..... V...............3700+30%= 3700+925=4625 USD Please confirm You have got the updates and instructions. Please send us the trackings for each deal. We need to buy bitcoins for $120.000,00 this month. We recommend You to develop the test program among our current employees first and to involve third parties. Regards. P.S.: We have started to get profiles from our american sellers. At the moment we are interested in 30 of them. Please learn their profiles and contact them by phone. Please start to work with them asap. The profiles are included in the attached file. Please work with them during american day time. This is very important as a time difference is presented about 8 hours. In case of need You should work during night time. We see how much they are interested in the offer. Tomorrow we are waiting much more profiles for reviewing.
4.1(D_1001223) Letter for our representative Michael Dear Michael, At the moment we are hiring the new representatives, because the number of sales have increased and will keep on growing till the new year. We need honest and hardworking representatives to work on the same position as you do. So as you work with us long enough, we trust you and we will gladly engage all the people you recommend. The requirements for them are the same as yours. Please let them know our e-mail and let them contact us for details. Let them give your order number in the subject header, and inform that they came from you. We will be very grateful to you. We need representatives with excellent reputation and a good attitude to work. Thank you,
4.3(D_1001844) Letter for our representative a—— # 10149 Thanks for your question. After you withdraw money from your bank account, you have two options how you can send money to us : 1.Buy cryptocurrency called "Bitcoins" , more infromation @ google or to find local place you can try localbitcoins.com or just google company who exchange cash to cryptocurrency. 2.Send cash to our bitcoin agent , at the moment we working with UPS it mean you can send cash via UPS . You just need pack cash in envelope or small box wrap it good and send from local UPS office. Our bitcoin agent living in US too and if you send package for example today it will be delivered tomorrow morning . Cash via UPS is already verified by our company and you don't need to use bank transfer. It will save our and your time ,also it cheaper and more secure. Instructions will be prepared today and you should receive it shortly. Please check where is local UPS office located so you can send money today. It's very important to follow instructions and send in the same day. Because bitcoins rates is not stable , anytime it can go lower and we can lose money. Hope you have all answers on your questions and now you understand process. Please wait for our instructions. Thank you,
5.4(E_1001532) Letter for the purchaser j——. Dear J——, We cannot accept any payment from you to our bank account because you are in America, and we in Swiss. Otherwise you will have to go to the bank personally and fill out the forms for the transfer sending. You cannot send us the money on the phone or via Internet. Therefore, please accept our payment option and send the money to our representative on Paypal. It's a safe and secure way. We have a theft of money very seldom, and always carefully check our representatives before employing them. Let us know about your decision as soon as possible. Thank you,
4.4(D_1001198) Letter "Q & A" for the beginners who want to be our representatives. 1. What is your site? -> BRACK.CH 2. What do you do? -> We buy and sell various valuable as well as antique things in foreign auctions such as eBay. 3. What should a representative do? -> Accept the payment for the goods on Paypal. 4. Why cannot I send the payment directly to you? -> In Swiss Paypal has the limit for "reception of the money" is $ 350 a month. We’ll never ever have such prices for the goods. 5. How much will I earn if I take for you the payments for your sales? -> 5% of each sale - instantly. + $ 1200 - at the end of each month. 6. How much time will the work take? -> 15-60 minutes a day. 7. Do I run any risk? -> If you will not steal our money, you run no risk. 8. I do not want to give my bank account because I'm afraid. -> Bank account is not necessary. The payments for the goods we receive via Paypal, so we don’t use anything but Paypal. 9. Will the customers call me? Or do I have to meet with someone? -> No. It is not necessary, we will contact you via e-mail or by phone. 10. What have I to do when the money comes to Paypal? -> Nothing. Just let us know and wait until we have confirmed the delivery of the sold goods and the purchaser confirms that the goods suit to him. Then we put you the tracking for delivery on Paypal and then we can take the money. 11. When the money is available on Paypal after the tracking is added, what have I to do next? -> Just send the money to your bank account. And from there you can send the money to us. 12. Who will pay the fees for money transfers? -> The fee will be paid for with our money. You will see all this in the instructions. 13. What Paypal do I need to work with you? -> Verified. Limits lifted. 14. How to remove the limits? -> Please, contact Paypal and ask them about it. For different accounts there are different requirements. 15. I want to work as a representative. How much will I earn per month, and how to start? -> You'll earn about $ 3000 - $ 5000 per month, depending on amount of sales. 16. Should I pay anything to start working for you? -> No, you should not.
5.3(E_1001689) Letter Hello ! we have made the explanatory letter for our American employees at your request. We have answered the frequently asked questions and have described the principles of the work. 1. The job is not full-time. And You may have a full-time job and at the same time. You can combine the job with your main full-time work. In case of a successful test period during a first month we may sign a contract. We work 24 hours a day that is why You may choose the time convenient to You. 2. Additional training isn't required. It's enough to know how to use bitcoin account and to know where to buy the bitcoins. 3. We pay onlya cash for bitcoins during 24 hours after bitcoin received. In individual agreements we may pay by PayPal. 4. The minimum amount of deal - $100. we don't operate with less amounts because it does not make a sense because of shipping expenses. 5. The limit of the amount of one deal - $1500 during first month test period. The limit is presented for your and our security. In case the test period is successful we will lift the limit. With respect.
—————- After a couple of this one I receive this ———-
Hello again ! Your attention, please!
Our Company has made some changes in the way we will be doing business in order to improve customer service and efficiency of transactions. Due to these changes, the position of document editor will be temporarily suspended.
Please be assured that you will receive your proper and promised payment for the jobs you have already completed and your funds will be delivered to PayPal in a timely manner.
As you have been an exemplary employee and have proven yourself to be responsible and reliable, we wish to retain such a valuable individual in our employ. Therefore, we wish to offer you an alternative permanent position that offers the possibility for career growth and a significant increase in salary.
The new position will not involve any additional time demands than did the editing position. Upon acceptance of this position, we extend the following financial offer to you: A fixed salary of $1500 every month, plus a 5 percent commission for each completed deal. Most of our representatives earn an average of $5000 to $7000 every month!
Just as was required for the transcribing/editing position, you must have access to a computer, the Internet and be available by phone on workdays. Further, this position also allows you to concurrently continue to work at your regular occupation, if desired.
To accept this offer, please confirm the receipt and acceptance of our offer via email. We will immediately send you the precise details of your new position and you will be able to start right away! We look forward to your reply!
submitted by Bireader123 to Scams [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to StockMarket [link] [comments]

Hoo Labs Launches Oikos(OKS) Token Sale

Hoo Labs Launches Oikos(OKS) Token Sale
Dear Hoo users,
Hoo Labs is launching Oikos(OKS) token sale on June 12 to June 14. In order to thank our users for their support, Hoo decided to have benefits for our users. Participants who successfully joined in the first round up to 1200 USDT or the second round up to 800 USDT, are eligible to participate in the Thanksgiving benefit third rounds of enjoying lower prices on Hoo.

Rules:
First Round: June 12
Amount: 270,000 USDT (10 million OKS)
Mode: First come, first served ( Support 1000 USDT to qualify for the third round)
Reference price: 1 OKS = 0.027 USDT
Time: 10:00 on June 12, 2020 to 24:00 on June 12, 2020 (UTC+8)
Accepted coin: USDT (wallet account)
Minimum invest: 100 USDT
Maximum invest: 10,000 USDT
Requirements: complete KYC, VIP 1 or above
Second Round: June 13
Amount:150,000 USDT (5 million OKS)
Mode: First come, first served ( Support 800 USDT to qualify for the third round)
Reference price: 1 OKS = 0.03 USDT
Time: 10:00 on June 13, 2020 to 24:00 on June 13, 2020 (UTC+8)
Accepted coin: USDT (wallet account)
Minimum invest: 100 USDT
Maximum invest: 10,000 USDT
Requirements: complete KYC, VIP 1 or above
Third Round: June 14
Amount: 125,000 USDT (5 million OKS)
Mode: Super Invest
Reference price: 1 OKS = 0.025 USDT
Time: 10:00 on June 14, 2020 to 24:00 on June 14, 2020 (UTC+8)
Accepted coin: USDT (wallet account)
Minimum invest: 100 USDT
Maximum invest: 5,000 USDT
Requirements: complete KYC and VIP 1 or above, and successful participation in the first round up to 1200 USDT or the second round up to 800 USDT.
Distribution & Trading: OKS tokens will be distributed by June 17, and trading will be enabled after a month once the token sale completed. Please stay tuned to Hoo official announcement for any updates.
Introduction to Oikos:
Decentralised Synthetic Assets, Oikos is a Tron based synthetic asset platform that provides on-chain exposure to fiat currencies, commodities, stocks, and indices. Synthetic assets (Synths) are backed by Oikos Network Tokens (OKS) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Oikos Exchange without liquidity limitations.
Trustless Token Exchange, Oikos Swap is a Tron port of Uniswap: a trustless decentralized exchange that allows users to trade any Tron-based token without any deposits or withdrawals to a centralized order book. Better yet, Oikos Swap liquidity pools have little to no slippage for the vast majority of transactions. Anyone can contribute by adding or removing liquidity to gain commissions in the form of exchange fees as well as rewards paid in OKS token.
The Team
Manuel Corona
Co-Founder & Marketing Expert
Manuel had an early fascination with technology that led him to work with many talented people and co-found several technology projects. He is a skilled marketer, IT expert and his interests span from programming to distributed system design and of course, cryptocurrencies. His early vision for Oikos was determinant and he led the project from the idea phase to deployment.
Albert Rodriguez
Co-Founder & Mad Scientist
Albert is an early Bitcoin, Ethereum and Tron adopter. His fascination for DeFi lead him to come up with the idea for Oikos and everything started from there. He is also a very talented developer with experience in several programming languages. His daily routine consists in drinking a lot of coffee, writing code and thinking of new possible directions for Oikos.
Kevin Holder
Software Engineer
Kevin is a talented software engineer that has been through the whole technology stack during the course of his career, from cryptography to front end web development. Before Oikos, he spent his time developing smart contracts, studying decentralized applications and contributing to open source. His programming languages of choice are, in no particular order, Solidity, JavaScript and Rust.
Technical Information
Arbitrage: OKS STAKER creates the debt by exploiting Synths, so if the Synths exchange rate system falls, they can now profit by buying back sUSD below par and burning sUSD to reduce debt. Because the Oikos system always puts a dollar value on $1.00.
sTRX Liquidity Pool: Liquidity providers are providing depth to the sTRX/TRX Oikos Swap liquidity pool. The deeper this pool, the less slippage traders pay when entering or exiting the system. Liquidity providers do not need to stake or hold OKS, only TRX and sTRX. To receive rewards they must stake their Oikos Swap LP tokens into a purpose-built smart contract.
OKS Auctions: Oikos is currently experimenting with a new mechanism in conjunction with dFusion (from Gnosis) where discounted OKS will be sold in TRX auctions and then used to purchase Synths under pegged.
Token Information
Name: Oikos Network Token (OKS)
Total supply: 100,000,000 OKS
Public Sale:0.025USD (20–31 May 2020)

https://preview.redd.it/wv5o6u8rq9451.png?width=601&format=png&auto=webp&s=bbc3cd6a39fcd09ed6a1f5b63b37c8d73be6bc3a

OKS Staking Rewards
Exchange fees are generated whenever a user exchanges one synthetic asset (Synth) for another through Oikos.Exchange. Fees are typically between 10–100 bps (0.1%-1%), though usually 30 bps, and when generated are sent to the fee pool, where it is available to be claimed proportionally by OKS stakers each week.The OKS reward is generated through the inflationary monetary policy implemented in March 2018. From March 2019 to August 2023, the total supply of OKS will increase from 100,000,000 to 260,263,816 with a weekly decay rate of 1.25% (from December 2019). Mortgagors can trade fees to receive incentives. The incentive that OKS receives through inflationary supply will gradually diminish until September 2023, when OKS will become a 2.5% Year-end inflation rate.
Mining, Burning, Mortgage Ratio
The above mechanism ensures that OKS mortgagees have an incentive to keep their collateral ratios (C-Ratio) at optimal ratios (currently at 800%). This ensures that Synths has sufficient collateral support to soak up large price shocks. If the value of OKS or Synths fluctuates, each staker’s C ratio will fluctuate. If the ratio is below 800% (despite the small allowance for minor fluctuations) then they will not be able to charges before the ratio recover. They can adjust their percentage if Synths are above 800% and burn Synths if their percentage are below 800%.
Roadmap
Q2 2020
Alpha launch, token distribution event, official Tron main-net launch.
Q3 2020
Official audit, listing on exchanges, launch of additional Synths.
Q4 2020
Launch of mobile-ready user interface, port TheGraph to Tron network.
Q1 2021
Integrate ChainLink technology, research on decentralized governance models, alternative liquidation mechanism.
Q2 2021
Support for more complex trading instruments. Transition to a fully decentralized governance model, use of TRX as collateral for Synth issuance.
Social Media:
Website: https://oikos.cash/
Whitepaper: https://docs.oikos.cash/litepaper-zh.pdf
Telegram: https://t.me/oikoscash
Twitter: https://twitter.com/oikos_cash
Github: https://github.com/orgs/oikos-cash/
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
Hoo Team
June 10, 2020
submitted by Hooexchange to u/Hooexchange [link] [comments]

Arca Top Manager: Hong Kong financial policy will trigger a new phase of bitcoin growth

According to Jeff Dorman of the American financial company Arca, the monetary policy of the Hong Kong authorities will create conditions for a sharp increase in interest in Bitcoin.
In Twitter, the executive director of the company wrote that BTC may become one of the most popular instruments after Hong Kong will launch a policy to stimulate business activity.
Dorman responded by his post in the social network to the readiness of the authorities to allocate up to 10,000 Hong Kong dollars ($ 1200) in cash to each resident of the metropolis. It is planned to allocate a total of HK$120 billion from the budget. Of this amount, part of the capital will be used to provide guarantees to companies that receive loans at low interest.
The ultimate goal of the new budget policy will be to create conditions for more accelerated economic growth. This was reported by The South China Post with reference to Hong Kong Finance Secretary Chan Moe.
The publication also notes that the authorities plan to use reserves of 11 trillion Hong Kong dollars to improve economic performance.
Jeff Dorman is confident that the allocation of cash to ordinary citizens of the metropolis is the first step to a new phase of take-off of Bitcoin. People will choose not to spend the money allocated to them, but to invest it in safe tools. One such instrument is Bitcoin, which now needs support.
The top manager of Arca stressed that all the funds allocated to the authorities are unlikely to go to the cryptosphere, but part of this capital will certainly be able to penetrate into digital assets, and BTC in particular.
Moreover, the population of Hong Kong knows very well what the cryptographic currency is. Bitcoin was popular in the region during the riots six months ago.
submitted by luxxx75 to Bitcoin [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to CryptoCurrency [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to InvestmentEducation [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to investing_discussion [link] [comments]

Site that pays in BTC

Hi everyone, I was looking to sign up in a beermoney site thats pays in BTC, mainly because the rise of BTC ($1200± at the writing of this post) and because I think it's great to invest in that crypto currency, so, anyone here knows a site who pays in BTC? Thanks.
submitted by mrdelta142 to beermoney [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to economy [link] [comments]

CEOs are out...

Here are some stats to consider:
More than 1200 CEOs left their positions in 2019 which was a record year for exits.
In January 2020, 219 CEOs left their positions (which is also a record).
Lots of investors are panicking, and it has been a bloodbath with the DOW experiencing it's worst day since Black Monday.
Chamath Palihapitiya, the former Facebook executive and billionaire who's fund Social Capital has delivered fantastic returns, has indicated that he believes the downside target is around that of the 2008 financial crisis (~50%).
This is now the fastest bear market after an all time high in history.
Looking at historical drawdowns and how many days it takes to reach the bottom of a bear market, it seems that the downside will continue.
This virus is serious stuff, and it is important to have cash and liquidity at this time.
One of the traditional hedging assets, gold, also plunged (apparently because hedge funds needed to cover margin calls).
DISCLAIMER: NOT INVESTMENT ADVICE
In the very short term, Cash is King.
In the short to medium term, I would expect gold and silver to do pretty well in the 1-3 year time frame.
In terms of a general approach for stocks, Dollar Cost Averaging in a Bear Market is generally the way to go - the question is "how long could we go?"
Well, Chamath thinks a correction of the same level as '08 is possible - indicating that the S&P 500 could hit 1500-2000.
On a more qualitative basis, when Warren Buffett starts announcing deals is also not a bad time to start buying back in!
In the longer time frame (5-10 years), another asset that has had a terrible time recently is Bitcoin.
Bitcoin is essentially a hedge against excessive fiat printing.
The response to this situation is likely to involve a LOT of fiat printing.
Therefore, perhaps it will prove undervalued in the long term (particularly as Central Bank Digital Currencies come into play).
Only time will tell...
https://www.youtube.com/watch?v=3mGuzqC9bI4
submitted by financeoptimum to Bitcoin [link] [comments]

The underground business of selling Minecraft accounts and how I grew in it (Long Post)

What is value? How is it determined? What gives something value over the internet
Value, according to the English Dictionary:
Noun
  1. the regard that something is held to deserve; the importance, worth, or usefulness of something. "your support is of great value"
  2. a person's principles or standards of behavior; one's judgment of what is important in life. "they internalize their parents' rules and values" "society's values are passed on to us as children"
What I am about to tell you could possibly be illegal, I know that the selling of accounts on certain platforms breaks EULA or terms of service.
The truth is, value is determined by people not by price. It is a made up concept that can date back to thousands of years ago. Believe it or not, supply and demand determines value. An example of this can be, I have a bracelet, that I view to be very valuable. The reinforcing fact that leads me to believe it has value is because it has diamonds on it, which are considered to be very scarce.
You're probably wondering how does money flow through the internet? Well despite the fact we live in a informational technological age. Concepts that have been around since early 2000's such as Paypal, Ebay, and Skrill have been helping money flow virtually. As of 2018, we now have concepts and apps such as Crypto, Venmo, Cashapp, Stripe, and Square. All of these concepts have helped boosted internet trading market demand through the roof. It's amazing how far the internet has gotten us. Enough of this, let's get into my story.
It all started when I grew a liking to selling things. I sold candy at my high school (2015) and racked in a good $60 a day while learning in classes. The connection came from my family's cornerstore, which they grew close to the whole sellers around the area. I was getting these bars 1/4th price of retail. Good money to me, since I was only 15. This only lasted for about a year until the school principal caught me and confiscated my work. I had to move my hustle somewhere else. I usually saved up money to buy shoes, Air Jordan's mainly, but that's for another story.
At the time, I played lots of Minecraft with friends. I was on a popular server called Hypixel, where you could invite players into your party. I built a reputation on that server for being a quite decent player. This means I was good at combat and mini-games. One particular day, I was in a party with a friend of mine who invited someone with the username "Super" and "1y" to the party. I saw these usernames and thought, "god damn". That's badass. I was completely struck in awe that a username could be so clean. How does someone get a username like this? Most likely they’ve gotten it when the game first came out. Hence the name “OG” (Original)
Why does a username like this have value? People like the cleanness and owning it represents a high social level or high status. It's attention grabbing. That's the truth.
After a few minutes of convo, he told me to go to the Main Minecraft Trading Site which I will not disclose. This was a third party site meaning it wasn't owned by Mojang. It was legit the wild west. Scams were so common. I setup my own paypal, and paid my pops cash to get money into my paypal account. I copped my first OG, "Pimp" for around $60 in early 2016. Expensive at the time. This was my first act towards an actual business in this game. About a month later, I found someone on the market who would be willing to trade the username "Cash" for "Pimp". We conducted the trade however a few weeks later, I lost possession to the account and found out I've been scammed. He pulled the account. This was my first encounter with a internet scammer.
How did he do this? Well when you change the email on an account, an email gets sent to your previous email just in case a "hacker" steals your Minecraft account and changes the email on your account. In that email is a "dispute link" which expires in 30 days but can be usable anytime. When this link is clicked, you pretty much get your account back. He did that, I felt like shit.
February 2016, My friend "Super" ended up giving me the account "Cobra" which was insane at the time. Worth about $150. Everyday, after school, I played for around 6-7 hours. I built a good name for myself on the marketplace by interacting with other people and playing with them on Hypixel. I created a guild named Royalty Gang, this was the first ever guild/team that consisted of OG Minecraft names. We later on changed our name to OG nation and our guild grew to around 100+ members. This way of networking became amazing but toxic. We had a skype group which pretty much consisted of it's own marketplace. I gave Cobra back to Super and he got the new name "Love". Ended up buying Harm off of him which was worth $200 at the time. I also ended up buying Hawkeye and Wart for $100 from the owner of Hulk who later exit scammed the marketplace for $300. June 2016, about a few months in, I still had lots of money saved up but I decided to take my game up. There was word that a real OG player who had auto-claimed over 1000 OG names when Minecraft first came out was trying to get rid of his accounts. He owned over 50% of the market supply. He went by the name of WaterSpice. I got Sharp, Honor, Heal, gz, Omega, Fable, Steak, and Sneak off of him for a bulk price of around $1200. This was a huge transaction for a 15 year old like myself. But I had the capital saved up from selling “Harm” for $350 ($150 profit), candy at school (around $50 a day), and Hawkeye and Wart ($200). I placed all of these accounts, except Sharp, on the marketplace immediately and started to get offers. I made a profit of around $450-500. I continued to play daily and build a name for myself. November 2016, I later sold Sharp for $450 profit to a marketplace user when the value of MC accounts risen.
My $1,900 MC account: Before I get into this, I got to explain the value of minecraft capes. Capes are usually only obtained by going to a special Minecon event or given out by Minecraft Developers themselves. That being, out of all the 20 million minecraft accounts, this was one of the 20 accounts. The Cobalt cape. This cape was only given to the winners of a tournament of another game that Mojang created called Cobalt. The guy who won the tournament didn’t even play Minecraft much. I got in contact with him around December 2018 and bought his account for $200. Which was a complete steal. I later sold the account for $550 in Jan 2017. By this time, I quit playing. I didn’t come back until mid August 2018 when I found out the Cobalt cape account I sold apparently got locked and value of MC accounts were 3 times from what they were before. I came back, got the Cobalt cape account back for free since I knew info on it that others did not. 3 days after I got the account I sold it for $1,500 in Bitcoin.
Why did I include so many particular events in my story? Because these key events shaped me into who I am now and how I do my business. I feel as if it's important that really take into account these events and try to get the best meaning out of them.
All in all, I probably made a 2-3 thousand dollars from just being in this game. So many young people, like myself, nowadays are doing not only internet making money techniques but learning networking techniques using the internet like CS:GO skin trading, Fortnite Account selling (Which I will share about my experience on this later) , Clash of Clans account, and the most notorious Social Media OG's. This is only the story of myself, there are so many others who I bet have had a larger run than me. Young people are teaching themselves newer ways to make money and i'm all for it. Let's keep this money flowing! However, hope ya enjoyed! Ask any questions, I will be glad to answer.
submitted by knicklol to Entrepreneur [link] [comments]

The "I'm interested in moving to Japan" FAQ/AMA

I hosted an AMA somewhere else and it got more responses than I thought it would.
I did some searching on reddit, but found a post that was about 3 years old, and one that was from someone at a start up. Thought I could contribute from a large company perspective.
start up AMA: https://www.reddit.com/japanlife/comments/50ewvi_am_a_software_engineer_web_mobile_for_a/
a few years old AMA: https://www.reddit.com/japan/comments/34j2y3/software_engineers_of_japan_whats_it_like/
I'm going to leave some FAQs here, but feel free to ask away.
I am an American engineer at AmaAppGooBookSoft in Japan.
(Amazon or Apple or Google or Facebook or Microsoft). I transferred here from the US after working a year or so there. At the time of this writing, I have been in Tokyo for about 3 years.
Answers from OP with regards to things related to work will be in the context of these kinds of big software companies.
I would encourage others who live in Japan that are qualified to answer questions to do so! Wish I had this info before I transferred.
Q: How is the pay, hours?
A: Hours are super normal like they were in the US. Wfh, etc is like the US...but might vary by manager. I knew a designer whose Japanese boss was not on the wfh boat. Pay is terrible. Entry level engineer initial offer was 7.5M yen w/5k USD stock per year. I negotiated up to 8.25M base pay. Currently mid-level engieer and at about 9.5M yen and 15k USD/year (~105k USD total?). This is offset somewhat by affordable housing. Think 1.5k USD for a decent apartment, but smaller. Also health insurance is part of taxes, so you don't need to pay extra for it. Train commute is paid for by company. Don't need a car, either. It's a very livable salary, tbh.
Q: How is the dating scene for internationals? Are Japanese people open to dating people from other races? What about LGBTQ?
A: I'd say definitely. I met my wife here. If you are particularly looking for a date, dating apps and goukon (group dating) is a good way to go. As far as LGBTQ, yeah, for sure! Shinjuku ni cho me is the place for you (and also dating apps). (新宿二丁目)
Q: Do you like cost of living better in Tokyo than the states?
A: Yes! My total taxes are about 25% of my gross monthly salary and that includes health insurance. Clinics are insanely cheap because the government regulates the cost of medicine and pays 70% of your medical bills. I was once in the hospital for a week in a private room and it costed about 2500 USD. I opted for the fancy private room, though. My wife gave birth and it costed 2k or so. She had a private room in a hospital with amazing food for a week. I was allowed to stay in the room as well and got food. Rent is reasonable (1.5k or so) for a 700sqft place. Things that annoy me: Albums are like, 30 bucks. New release 4k Blu Ray movies range from 60-85 bucks. Old non-4k Blu Ray movies cost about 35-40 bucks. Groceries are a bit more expensive, but the quality is worth it. Our monthly food budget for 2 adults is about 800 bucks a month. Restaurants are very cheap. Like, 8-10 bucks for lunch. Usually under 1000 yen.
Q: I heard Japanese can be racists towards non Japanese living in Japan. True?
A: True! To some degree. I had the best resume a realtor had ever seen: N1 fluency in Japanese. I studied at the "Harvard of Japan" for a year. 5 year visa (longest duration). High paying job at a huge company. Stable work history. 5/6 landlords didn't give a shit. "no gaijin". You will also not receive service at probably 95% of "adult... services", if you're into that. When I was in college, a few part time jobs I applied to straight up told me they didn't hire foreigners. But once you're settled in, it's not that noticeable. Your average encounter will be pretty friendly. I'd say it's more rare to experience it.
Q: Do you know any Japanese? How essential is it in your wok and your daily life?
A: I am N1 level fluent. But I was dismayed that all that studying didn't mean anything for work, haha. Most engineers are foreigners. Everyone speaks English at the office and they have to know it because the code base is in English. Daily life, I use it all the time. My wife doesn't speak English as well as I speak Japanese. I also know several people who don't speak at all, and they seem to get by. Companies will often pay for Japanese classes as well, and let you attend during work hours.
Q: Did you just apply for Tokyo positions? How did the visa work?
A: Yup! I just applied. Visa was taken care of by a company hired by my employer. Mine was tricky because I didn't major in CS. There is a law that a work visa applicant must have a degree related to the field of work, or have 10 years experience. Since I majored in Japanese, they added "required to translate Japanese in addition to coding" to the job description, and boom. Visa. (I ended up doing semi-voluntary stuff like office hours in addition to my engineering work, where I needed to use Japanese) They'll figure it out, whatever the case is.
Q: Did you start working in Japan after graduation or moved from the US? Is it easy to get permanent residence if you wanted?
A: I transferred internally after a year or so in the US. PR is very attainable under certain circumstances. There is a point system. You get points for age (younger is better), salary, work experience, and Japanese ability. 80 points means that you only have to live in Japan for a year to get PR. 70 points, 3 years.
http://www.immi-moj.go.jp/newimmiact_3/en/evaluate/index.html
Look at the Excel sheet and find the tab for regular workers (not researchers or business owners).
Q: How comfortable is your life there compared to the US? Does money go further?
A: Very comfortable. If you buy a place (and have permanent residence), you're looking at interest rates as low as 0.495% (mine). I have a 500k USD condo and I pay about 1300/month. 33 year loan. Plus about 350/month in maintenance for the building. Groceries are a bit more expensive, but worth it. Restaurants are much cheaper. Like, 800-1000 yen for lunch. Monthly grocery budget for 2 adults is about 800 bucks (my situation, not counting baby expenses). Convenience stores are AMAZING and have great food (for a convenience store). I regularly get a crispy lettuce sandwich, onigiri and can Coffee for breakfast at the shop outside work. Spending power is pretty low, though. Most consumer goods are really expensive. New release 4k Blu Ray is about 65-80 bucks. Old Blu Rays (Disney and marvel as examples) are 35-40 bucks. But Netflix and Hulu are here and have American and some Japanese content. Internet speed is awesome. Gigabit in most places. But apps and Japanese webforms are fucking terrible. Most things feel like the state of the internet 10 or 15 years ago. One of my banks prevents you from using special characters for your password. Swear to God. A lot of foreigners find it difficult to get a credit card. Especially if you are under 30. Just got to UFJ Mitsubishi. Open an account and you can get a debit card you can use online. All in all, I love it here (aside from work - projects I don't want to work on and a low salary compared to the US). We live 5 minutes from a major train station, which means 5 minutes to dozens of restaurants, a handful of grocery stores, some pharmacies, a few clinics, and a mall.
Q: I heard it was easy to internally transfer to Japan (or anywhere with the pay cut) but extremely hard to transfer back to the US so people might get stuck overseas. Is this true? Oh and supposedly transferring to tends to be a promotion +1 level or potentially 2 whereas from leads to a demotion?
A: I don't think this is true at all. I know a few people who have gone back.
I also did not go up when I came to Japan, and I know people who moved to the US and they did not move down.
Q: Is there any American things you miss while in Japan?
A: American internet. God, Japan is so technologically behind it drives me nuts sometimes. It's like the internet from 10-15 years ago. Apps suck. Japanese websites suck. Internet banking and apps suck. One of my banks *prevents* you from using special characters in your password. Streaming services exist, but they're not anywhere near as ubiquitous as they are in the US. I also miss how cheap Blu-rays are. 35 bucks for Zootopia? Come on.
Internet is shitty, but FAST, though. Gigabit everywhere.
Q: The idea of working abroad is pretty novel. Sounds like you have no regrets about the time you spent there?
A: Yes!! I'd definitely do it again, but I might have waited until I had been mid-level engineer for a year or more. The 2 rounds of paycuts was rough. First was base pay, then a surprise paycut when my US stock grants fully vested. Went from expected value of 30k/year to new grants at expected value of 5k. There is a lot to love about Tokyo. The positives far outweigh the negatives.
Q: Visiting Japan soon, what do you recommend doing at night that is friendly to gaijins in Tokyo/Shibuya? I’ve heard a lot of bars/clubs are no gaijins.
A: I would say that's probably rarer. Shinjuku has a good bar scene where you can do some serious bar hopping. If you are super concerned about getting turned away (a really terrible experience. It's really a shitty feeling), then stick to Roppongi! You may also find some ladies (or men) there that are very into foreigners. Shibuya also has quite a few clubs that are foreigner friendly. There's even a soapland that caters specifically to foreigners, if you want that experience. It's in Kawasaki, I think it's called paradise inn. The most tourist-ey thing is "robot restaurant" (also in Shinjuku). I took my American boss there on a business trip (before I moved here) and he fucking loved it. Sky tree or Tokyo tower are also great at night.
Q: Do you have any take on how big the cryptocurrency craze is or was there compared to United States? Do you own any bitcoin personally?
A: I haven't been into the crypto scene. But I think it's more known here. There's even a few big name stores that accept bitcoin. Don't remember which ones, but they charge like, 20% more if you pay in BC. I don't own any, though.
Q: Is AmaAppGooBookSoft japan mostly for SDEs? Or is there place for us non engineering muggles?
A: Lol, Muggles. Yes!! There are TPMs, SDMs, UX designers, etc. But the more you get into the business side (vendor managers, TAM, site merchandiser, etc), the more you will probably be required to speak and be literate in Japanese.
Q: What made you move to japan for an engineering role? Never heard that before.
A: I've wanted to live in Japan since I was a teenager. Spent a year there in University and 2 exchanges in highschool. Originally I just wanted to live in Japan. So after I graduated, I did a few interviews for English teaching. After one of the interviews, they asked me to prepare a lesson plan. My immediate reaction was, "I don't care about a lesson plan, I just want to live in Japan!" Then I realized I needed to calm the fuck down and get there by doing something that I like, and with a marketable skill. I just didn't know what that skill would be...I landed a shit temp job testing Japanese games. Ended up getting an automatable task and googled how to automate it. Then found what I wanted to do. Got into AmaAppGooBookSoft as a contractor, interviewed and got FTE, then made my way to Japan internally.
Q: I speak 0 japanese will this be a huge issue? Also if I am a mid-level engineer in usa how much equivalent jp total compensation should I be looking for?
A: Not an issue at all for work. Most of the engineers are foreigners. You'll also be able to get by out in the real world. But I'd suggest taking Japanese classes. Company will pay for it here. That would probably equate to maybe 9.5M-110M yen and about 15-20k in RSUs per year? I have zero knowledge of the pay bands here, but I believe 200k is just above middle for US? I make about 9.5, but I have no idea where that is in the pay band. Whatever they offer you, negotiate for more. Always negotiate. It is plenty to live on. You can get a nice place for 150,000/month and a nicer place for 200,000/month. If you want to live further from work or get a smaller place you could get rent as low as 80,000/month, with a 30 minute train ride. Restaurants are very cheap for lunch. Maybe 700-1100 for lunch? Very cheap compared to the states. Company will pay for your daily commute fees. Spending power is low, though. Media is really expensive. Do some searches on Amazon Japan for common stuff to get an idea. FYI, my take home is about 600,000/month to give you an idea about taxes. No need to pay for health insurance plans. The government has you covered. In a month, I spend 144,000 on mortgage, 36,000 on maintenance, about 15,000 on electric + gas (total), about 3,000 on water, about 5,000 on internet, about 80,000 on food for 2 adults, 60,000 for "allowance" for myself and wife, 3,000 on phone (LINE mobile!!! If you go through SoftBank or docomo, or other big players, expect 10,000/month), about 150,000 on miscellaneous stuff, and try to save the rest. Let me know if I'm missing anything expense you are thinking of.
Q: 1. Do you know if unvested stocks earned in the US keep vesting in the US? 2. Understand that salary is lower, but are savings about the same in terms of dollars?
A: 1. GREAT question!! Yes!! Stock that was granted in the states continues to vest at the agreed to schedule. It will still be 100% taxed by the US, but you'll get some of it back. Taxes are such that the fraction of time spent in a country during a vest will determine how much tax goes to that country. Example: you have a 2 year vest and transfer with the last year vesting while you are in Japan. Once it vests, US takes the usual tax rate, but should return about half of that back because half of it was "earned" in Japan. Japan will then apply their tax rate to the other half. 2. No, savings is still less. Because cost of living isn't toooo drastically different, but you make a lot less,you really end up taking a bath on savings. Like, currently for my family of 3, we end up saving about 700 USD a month in cash. In the states, it would be about the same (after 3k rent and a 1k car payment...Tesla, baby), we would end up saving about the same in cash (except we'd also pad our "allowance" by an additional total of 700 bucks). Then you look at stock. 15k gross value in the RSUs in Japan vs 30-50k in the US. Pretty big difference, IMO.
Q: So if you don't speak any Japanese, could you still make it in terms of acquiring a visa? If so, how long would it take to acquire intermediate level proficiency in Japanese you think?
A: Yes, but you'll need a degree from the sciences, probably. Or 10 years experience. Intermediate level is maybe 1200 hours of study?
https://en.wikipedia.org/wiki/Japanese-Language_Proficiency_Test#Estimated_study_time
Q: How do you feel about "Cool Biz" campaign and what is the general public opinion about it?
A: Hard to tell because I work at a US company. I'm shielded from a lot of stuff like that. 28 C is a terribly hot temperature, though, Jesus. I don't really hear it being brought up that much on the morning talk shows, but I don't watch every day. Wish I could be of more help. It's definitely not 28 degrees in my office. We absolutely have AC because we don't want our employees to needlessly suffer in order to scrape a bit off of our electric bill.
Q: Why did you wanna go to Japan in the first place?
A: It started with martial arts when I was in elementary school. Always liked Japanese food, and in high school, anime, judo, and Japanese language. But when I started studying the language, I got super into it. I've been aiming to live here since I was a teenager been 10 times before moving including a few study abroads (1 year in college, 2 weeks, and another 2 weeks in HS). I've always liked the craftsmanship that is in Japan. Watch Jiro dreams of sushi. Perfectly captures the "shokunin" spirit. That guy is like 90 and he still chases perfection. There are LOTS of examples of this, but I love that about Japan. And Tokyo is just super convenient. Trains go everywhere in the country. Don't need a car. I live 5 minutes from Meguro station. So 5 minutes away from 5 grocery stores, 2 or 3 clinics, a few dentists, a mall, transportation of course, and dozens of restaurants. Love the convenience here.
Q: How do the taxes work for US citizen? Do US citizens pay taxes twice for income earned in Japan (once in Japan and again in US)?
A: Taxes are relatively simple. You pay taxes to Japan, you report income to the US. I think once your income exceeds a certain amount (100 some odd thousand), you will be taxed on the difference of that minus taxes to Japan. So, like if the amount was 100k and you made 110k, they'd tax you if the taxes you paid to Japan on that 10k were less than the US would have taxed. But it's the diff. So if the US would have taken 3k of that 10k, but Japan took 2k, you'd owe the US 1k. So it's not that bad. Stock is way more complicated because it depends on where you were for the duration of the vest and where it was granted. For example, I had a 4 year vest and moved to Japan in year 3. The third year, I had "earned" that 2 years in the US and 1 in Japan. So the US took more taxes. I mean, the second it vests, the US takes their full tax rate, but they'll give a bunch back at tax season. And Japan will take some of that. You usually come out on top somehow. Like, last year, I had 60k or something vesting. I got back 12k from the US and had to pay Japan 5k. The US had initially taken about 16k of that 60k. The percentage of tax paid depends on how long you were in a given country during the vest. Negotiate a tax accountant into your contract. My employer uses another company and I don't have calculate all this shit. I only know it because I want to know how it works, so I ask my accountants a bunch of annoying questions. Once you start getting grants in Japan, no money is taken at vest, and you pay Japan for taxes on the vest value in January.
Q: My wife and Iove Japan very much, we’ve always talked about “living there for some years”. However we have 2 kids (less than 3 years) and I’m concerned it would be hard for them. Since you mentioned that your kid, do you think moving there is a bad idea ?
A: It depends. If you are already doing parenting on hard mode instead of support network mode, I think it won't be much different. I know someone who went from Tokyo back to the US, but moved back for the same reason: lack of support. I think it would be harder on you than them. Just make sure you bring English books and media. Netflix, Hulu, and Amazon have a decent amount of kids programming here that is in English as well.
submitted by rice_otaku to AskEngineers [link] [comments]

Hello /r/BTC, I'm trying out a new decentralized fundraising system and I'm a fully supportive of the Bitcoin Cash movement.

Hello /BTC. My name is Jkid, (Long-term unemployed) Linux Systems Adminsitrator and IT professional, Twitch Streamer, political an socio-economic researcher and analyst, and more recently moderator of /lostgeneration. I've been struggling to support my unemployed parents for four years as a sole income provider, and ended up sacrificing my remaining 20s and social, economic, and life milestones and it finally came to a head a few days ago when I saw a article about elderly couple who tried seeking help for month ended up deciding to end it. It brought up so much emotions because despite all my best efforts to help my own parents this may happen to them eventually, forced to live in the street or worse.
However, someone named oshisat who was a long-time /lostgeneration user invited me to try out a decentralized fundraiser system called bitfund.cash, a decentralized Bitcoin Cash Fundraising project created by akari_bit Basically it allows anyone to raise funds via Bitcoin Cash, without the need to log into an account. The process for me took an hour, but I already have a account with github. With trial and error and prior knowledge of basic html coming back to me from my Linux SysAdmin years I was able to set up the page.
Already I can see the advantages of Bitcoin, particularly Bitcoin Cash. Primarily it brings the potential of bringing cash to a portions of society that can't use banks particularly lower working class people.
And anyone with a cell phone, computer, and with a few basic safety precautions can use Bitcoin cash. A person can send money via Bitcoin cash address and the person holding the actual wallet can receive the money almost instantly, and with ATMs available in a growing amount of major cites, anyone can withdraw money without ATM fees.
As a left libertarian I want to support this however I can. That's why I want to post this fundraiser to help me and my family from being in the streets and for me getting a fresh start in life.
My fundraiser is located at https://ndokeh.github.io/helpJkid/
Already I've set up these initial goals to this end. These are in US Dollar equvilents as Bitcoin Cash amounts change by the minute or by the day. The '+' means the amount raised reaches another dollar amount above the initial $20 goal. I will add these goals within 24 hours onto my github page as they are fulfilled or not.
$20: ID renewal, as you need a ID to get anything done and mine's has expired last month. GOAL MET!
$120+: Passport Renewal. My US Passport was expired two years ago, and I did not realize it until I found it in their basement of stuff at my relatives.GOAL MET!
$150+: I will start work on a personal webpage hosted by github. Initially basic but will include my writings, my resume, my photography and videography portfolio from my time at the University of Maryland to Anime conventions and street photography and political events and vigils, technology manuals and tutorials. Basically everything I know.
NEXT GOAL:$200+ (Up to $1200+ for a year): Allows me to rent a storage room from Uhaul to move all of my stuff that has been in my relatives basement for 8 years. Many of my stuff are of sentimental value to me because it represents the life that I wanted to have before my parents lost their jobs in 2014. Books, manga, video games, costumes, posters, video game consoles, electronics, clothes, comics. They're telling me that they want to fix the basement ASAP. In the event I can only rent a small room in a house or an apartment, I would not worry about my stuff being thrown away.
Certifications: A+ $250+ Linux+: $450+ Cloud+: $350+
With everyone having a Bachelors degree, the only way to stand out from the crowd is to have a IT certification. I had plans to get certifications after I moved out from my parents until it got derailed. The price include the cost of taking the exam and the book that allows the person to study for it. The Linux exam costs over 400 dollars because there are two exams that you have to take to get the Linux+ certification.
$300+: Pay off Best buy credit card, that I have been paying the minimum off for YEARS and it never went down.
$1000+ (up to $12000 for a year): Allows me to rent a room and pay ultities in the DC, MD, and VA area. If I can get a small room of my own, it will allow me to study, work on small jobs, play video games to stream publicly.
$1500+: I will be able to pay off my Perkins loan completely. I had plans to pay off my Perkins loan within 6 months of moving out of my parents. Now it had gotten close to becoming defaulted.
$2000+ (up to $12000 for 6 months): Allows my parents to stay in the house while they find people to rent out rooms without fear of being homeless or have power, gas, or water cut off.
$2100+: Allows me to use professional movers to move my stuff from my parents and relatives to my new home.
$2500+ (up to $30,000 for a whole year): Allows me to rent a one bedroom apartment and pay ultilites and cable/internet.
$3,000+ (up to 15,000): Will allow me to pay off one credit card that I'm totally behind in since I was laid off on October 2017.
$4,000+: Will allow me to pay the past due rent on the apartment we were forced to move out of because we could not afford it, despite paying the rent on time and giving proper notice.
$5,000+: Will allow me to set up a Gaming/Tech Studio with all the works: Including three Ultrawidescreen PC monitors, a Streaming PC, a Gaming/General Use PC, and a Linux Server for Podcast Production/Video Gaming Streaming/Movie production, plus a stream deck. Along with a comfortable chair due to my scorliosis.
$20,000+ I will start doing a weekly political and socio-economic commentary/research/analysis writing series: At least one commentary per week, with at least one of them related to bitcoin bitcoin cash and real economy (read, on the street) developments.
$25,000+ This will allow me to pay off my entire Federal Direct Student Loan that has been lingering for years since graduation.
$15,000+ I will start doing photography and videotography projects and allows me to travel the united states to this end and also allows me to attend and document anime/fan conventions. $15,000+ I will begin streaming sessions on twitch.tv, and fan commentary and analysis of anime, manga, video games, and otaku culture under the brand name "The Ministry of Otaku"
$15,000+ I will be able to write a non-fiction book in politics or in any other subject. Probably one about the media, internet culture, or socio-economics.
$15,000+ Allows me to travel to any one country in the world for a much needed vacation away from the slow decent of craziness and politically polarization of America: Canada, Taiwan, Britian, Japan, South Korea, Germany, Hong Kong.
One more thing: 3% of the proceeds in Bitcoin Cash in this fundraiser, will be used in some kind of way to support the movement.
If you have any doubts of my need, I will send you a folder or evidence of my proof of need ,including a letter of reference, via PM.
Thanks for your appreciation in advance. --Jkid
submitted by Jkid to btc [link] [comments]

I hate my Fucking Mining Rig - Short Story of my mining adventure (Don't really hate it)

Wanted to write a short write up on my journey of Crypto mining for some of the newer people and people who want to get into it. Not trying to discourage anyone from starting, but want to show the progression of a newbie.
So I am a good with computers and learned of Bitcoin when it was about $7 a coin. Laughed at the idea of some computer doing some math and getting some BS currency. Million dollar mistake on my part, but hindsight is always 20/20.
Anyways, Learned about ethereum in May. Bought some at around $180 and bought all the way up to $330. Now to the mining rig. Ran all of the calculations and with a 180 hashrate and 900 watts I was gonna get 6-7 Eth per month. Shit was gonna be profitable in under 3 months. I was gonna be a fucking crypto allstar and be rich as fuck!
Bought all of my parts literally the day before they were nonexistent. Literally bought the last RX480's from Amazon. Here is a list of my parts.
Asrock board Pentium dual core processor 4 Gb of ram 128 gb SSD 1200 watt Rosewill PSU 6 Sata to Molex PCI Risers (Junk) 6 RX480's - 2 Asus Strix, 4 Gigabyte Total cost - Roughly $2,500 (Pennies compared to my future ROI)
Please keep in mind that I am not posting every single miner issue that I ran into such as fucking with Wattman for a few weeks before learning about Trixx and Afterburner.
I've built computers before, so that part wasn't hard. Set everything up and get windows 10 running.
Problem 1 - Computer doesn't see all of the cards. Had to run the drivers a few times and tweak some shit, but got all 6 cards seen.
Miner hurdle (See what I did there) but off to the races. Let's get this bitch running so I can begin planning my retirement.
Get Claymore running, Got Trixx to overclock. Ran my cards at -96, 1200, 2200 fans at 85% (Cause I'm cool like that.) Major stability issues from the start. 1 card (Asus) would crash all the time. Didn't know about the watch dog feature in claymore that would restart my rig when a card crashed. Great feature but my computer would go into this state of having power, but not loading the operating system. Even if it did restart, most of the time claymore would get stuck right before setting the dag's and would just lock up. (Claymore program is awesome by the way, this was my rigs fault)
Could not get this fucking Asus card to stop crashing, even on stock settings. Sent the bitch back RMA style. Asus said something was wrong and sent me a new one.
Awesome, lets get this bitch running. I need to start looking at sick houses in Costa Rica to move to once I am rich as Fuck!
New card makes things better for a few days. Not 100% stable but better. Go to vegas for a driving thing (Race cars - Future rich guy stuff) and this mechanical demon starts crashing every few hours. Luckily I had Google remote desktop installed so I could log on and restart it or change settings in Trixx. Had to have my GF unplug it and plug it in a few times.
Get back home, fuck with this thing but still random crashes on random cards. Decide it is the PCI risers. Contact seller who will send me some more for free. Slow boat from china took two weeks to get them. They arrive but still some of them are bad. Can't seem to piece together 6 good ones.
Did some research online (Ethereum Forum and Reddit) and decided to get some new style of risers V007 6 Pin to Sata ($70) and they take a month to get here. Plug them all in and they seem to be working much better. Decent stability, But I ain't got time for fucking stock bios. Let's ramp these bitches up and get 32 MHs per card at 600 watts from the wall!
Actually flashing the bios was pretty easy. Thank you 6 pound 9 ounce baby jesus! Long story short had some major stability issues and bounced around with some different timing straps before finding the right ones. (Uber 3.1 for Samsung memory)
So now that we've got some good hash speeds and decent stability let's ramp this private ATM up a little bit by dual mining some Decred. Get dual mining up and running. go to sleep. Wake up the next morning expecting to see myself on the top 100 forbes list. look at my mining rig stats on my phone and see that it died roughly and hour after I went to sleep. Walked toward my rig on the red carpet I had just installed and saw that it was off. Flicked on the light to check it out. No light, WTF? Well I'll be god damned, no power in this whole fucking room. Checked my breakers and sure enough this metal motherfucker tripped my breaker.
No worries though. I'm smart as fuck. I'll just undervolt the shit out of it to get the power down. No way in hell I am just mining ether. I'm going balls to the wall!
As you can expect I had many days of stability issues and tripped breakers. But fuck it, I have homeowners insurance. Burning it to the ground will be covered. (Didn't happen)
My surge protector must be maxed out. Let's buy a bigger one ($25). Same issues.
Fuck Decred, I'll mine SIA, less power. Damn I'm smart.
Rig is more stable with Sia and no tripped breakers. Family medical emergency, have to fly north for a few days. But my rig has been fairly stable and I've got remote desktop if anything goes wrong.
Arrive at airport, check mining stats, rig is down. No worries remote desktop. FUCK, not responsive, no way to remote into the rig and no way to remotely power it off and on.
Lost 4 days of mining. But no worries the difficulty is only, Holy shit that's high! But the price of Ether will make up for it. Ether crashed to the $200's. Oh well, maybe a 10 room house in Costa instead of a 12. No sweat.
Get back to my house and this whore of a machine is just sitting there in a computer coma. It's on but it's not. LED lights glaring at me like "Fuck you human, I ain't doing your stupid math problems!" Fuck you machine, I'm your master. You will do my math problems and you will fucking like it.
My AMD Drivers seem to disappear and the computer goes into a coma like state. Someone on Reddit suggested using the 16.9.2 drivers. Installed and they worked better.
Still random crashing. This shitty PSU must be maxed out. Fuck you PSU, I'm getting you a little brother (EVGA 750 gold $120.)
What do you mean you have to jerry rig a second PSU so it starts without being connected to a motherboard? 2 more hours of my life wasted.
But finally some stability. On my way to being fucking rich. I start looking at people in bentley's and can only laugh. You dumb fuck, I'm gonna be way richer then you. Gonna get a Bugatti for each day of the week.
Damn this difficulty is a bitch. Fuck you Genesis Mining and your pallets of GPU's. You're killing me smalls!
But anyway, on my way to rolling around in my fuck you money!
Fuck you dag file 135, you're killing my future millions. Fuck you dag 138, you dropped me to 167 mhs.
Thank god AMD was there to save my ass with their dope ass blockchain drivers.
download, run DDU, Restart, install drivers, restart, run pixel patch, restart. Perfect, I'm in the money now! I can taste the caviar and champagne already.
Now my cards only run 4 Mhs each. WTF? Try a bunch of the other new drivers. Same shit. Roll back to 16.9.2 and they run fine, just at 167 instead of 180.
Someone on a forum said he had the same issue and did a fresh install of windows 10 and it worked.
So I'll just reformat my SSD (Windows wouldn't do a fresh install within the operating system. Fuck you Bill Gates! Gonna buy you once I get this thing running at 180.)
Format SSD, plug back in, throw in my gangster ass boot USB drive. Ramdisk error. Fuck you Bill Gates! Reformat SSD multiple times, lots of forum reading. Install windows from another computer through command prompt (I'm a coder now as well.) This shit has got to work, I did it in command prompt bitches!
Same fucking error. Now down to an 8 bedroom house in Costa and only 6 Bugattis.
Let's try unplugging my 6 cards and see if that works. Thank you 6 pound 9 ounce baby jesus. Windows installed.
New drivers work and I'm back at 180! Raking in the cash now.
With those speeds my Asus cards crashed. Had to dial down the hashrate to 177.5 for them to be stable. So now going to use some commands in claymore to run the Asus cards at lower speeds while letting my other cards mine harder.
I wrote this to let people know that mining isn't all Bugatti's and caviar. These machines are fickle little cunts that do what they want. No system is the same. So when you post on a forum, people will give you advice on what may work. But what works for them, may not work on your rig. In the end it's up to you to figure it out.
I have spent countless hours after work and on weekends working on this bitch. Hell I've probably spent a few hours just staring at it and thinking about all of the ways I could destroy it slowly.
While I love Etheruem and do value the knowledge gained, I would have made more money just buying Eth and holding.
The guys you see on youtube building sick rigs with crazy specs have been at it for a while. They have worked through the process and know how to solve all of the problems. You have not and will have to work them out on your own.
My whore of a rig will pay for itself soon. But I would suggest that if you want to start building a new mining rig. Check the difficulty chart and make sure you have tons of free time to fuck with it.
I'd post my wallet address for donations since I just saved you $2,600. But I am afraid hackers will steal my monies :)
Hope you enjoyed my mining life story from the past few months.
submitted by dank4us12 to EtherMining [link] [comments]

/r/BTC and /r/GoldAndBlack have partnered up to help out North Korean refugees and we need your help.

Howdy folks.
/BTC and /GoldAndBlack are doing a fund-raiser to help out victims of the North Korean communist regime. Our two subs are partnered in this.
North Korean refugees need help.
So it turns out that crossing the North Korean border into China isn't really the end of the line. A lot of these poor people are then trafficked into indentured servitude, and are constantly threatened to be turned into the Chinese police forces, where they run the risk of being deported back into North Korea, where they will likely be executed.
Liberty in North Korea (LiNK) is a charity that helps them take a 3,000-mile journey out of harms way, and helps them get acclimated to the modern world before landing in South Korea where they are granted immediate citizenship.
VIDEO: North Korean Refugee Rescues
It costs 3,000 dollars to get them across that 3,000 miles. If we all can raise 3,000 dollars, we can rescue one refugee.
This is a real chance for us to accomplish something more important than whatever our ideologies dictate we should. We all know that the state can do awful things to people, but of all the states out there, North Korea's is the most awful.
If you help, you will be able to put a message with your donation.
They accept Bitcoin. This is a great example of how Bitcoin can be used to effect positive change in the world.
Please make sure you include a large-enough tx fee if you donate with cryptocurrency, as if it doesn't confirm for a while, you might miss out on your donation appearing on the page. Your money will still get to where it needs to go, but your donation message might not appear. This is handled via BitPay.

Click here to donate! Thank you so much!

EDIT: Since a lot of people want to donate with bitcoin cash, you can donate it here: 1bB71uJZf9JuBmdvZtSNZLwSRepdbSDks
This is a wallet used on bitfinex, it does not go directly to LiNK. It goes to me. I then promise to convert it to bitcoin, and donate it to LiNK via bitpay. I won't do this instantly, and I can't guarantee that you will get a comment in on the donations page, but this was requested and I can oblige. :)
EDIT: What a surprise! Between /GoldAndBlack and /BTC, we've managed to fly past the half-way point for our goal of 3,000 dollars! If we raised 1,400 more, we'll have reached our goal and rescued one North Korean refugee! We can't do that alone, though. Please, share the link on Social Media. Tell other groups about the fundraiser, and if you can, donate to help some people who really would benefit from it. We're also in talks about trying to set up an AMA with a North Korean refugee, but we'll probably need to hit 3,000 dollars before we can do that.
EDIT: We've raised 3k! Thank you to whomever got us the final 1200 dollars necessary to reach our goal!
submitted by JobDestroyer to btc [link] [comments]

Why I'm now supporting Bitcoin Cash and helping with its adoption. - From a former member of /r/bitcoin

If you want to skip the boring part about my history with Bitcoin, go ahead to the "Helping Bitcoin Cash with Adoption section" where I explain what I currently do to help with adoption of Bitcoin Cash and what you can do as well. I don't expect many people to read this part, as it'll be long and tedious. Anyways, here it goes.

My History with Bitcoin

Like many other people who use Bitcoin, I started off on /bitcoin. It was the biggest Bitcoin subreddit and I never even heard of the /btc subreddit. During my few months frequently visiting there, I read about the crimes against Bitcoin that Roger and Jihan allegedly committed including attacking the mempool. I still have no idea if that was true or not, but it's not important as of now.
Now, something that's important about my story: I'm not rich at all. I got into bitcoin from GPT sites. For those of you who don't know what those are, they're websites that can be used on the side to make money after work. Now, there were a couple of sites that paid out in bitcoin, and I finally got in around the 1200 mark.
One important part of those sites is like bitcoin faucets, their payments are extremely small. They ranged from 25 cents to 10 dollars. I was an idiot who didn't know how fees worked, since I always tried to cash out at a minimum to try to catch bitcoin at its lowest price. As a result, I eventually had a wallet with lots of inputs and if I tried to move them, I was struck with a massive fee.
Also, some sites charged a bitcoin fee on withdrawal. I cashed out for $10 on a website and only received 7.49 There was a 2.02 mining fee and apparently there was another fee not related to mining that was charged upon my withdrawal. Since I didn't know anything, I was hoping that come August 1st, Segwit would fix everything.
So a while later, I moved my bitcoin to 1broker, to copy other traders to make more money. Sadly, they don't offer support for bitcoin cash as of now and it's unlikely that they ever will. During my 2nd transfer, I was shocked with the exorbitant fees that came along with bitcoin, especially since I had so many inputs. This was my 2nd transaction I ever made. It was a double spend as well. After being in the mempool for 4-7 days (can't remember, but I was impatient at the time), I desperately googled how to replace a transaction.
Anyways, onto the fork. At this time, I was still an avid member of the /Bitcoin community. I never really participated in discussion, but I browsed every post. When I heard that the fork was happening even though there was 80% signalling, I panicked. But that was the best time for me to visit /btc.
At first, I came here to learn about the "fools who wanted a centralized bitcoin". However, after reading through the posts here, I figured that both of these point of views were valid. I decided to hold my coins on both chains and wait for the fork. I didn't know who to believe, but the attacks from both sides were vicious. Any time I visited either of the Subreddits, I saw each side attacking the other and insults being thrown around.
So on August 1st, I set up a short on BTC/USD on 25x leverage as I was expecting for it to fall a bit. And it did, a bit. It dipped $100 from my entry point, but then started recovering so I closed my position. I closely monitored bitcoin cash's price but never sold. After a while, I sent my bitcoins back to 1broker, about a 12 hour transaction for 1.5 sat/byte. Not bad at all, I thought at the time. But then, the mempool increased in size again. The problems that I thought were going to be fixed weren't fixed at all. I wasn't going to wait until November 1st for a possible fix, I wanted to switch immediately to something permanent. The only problem was, I couldn't.
Many of the GPT sites I used didn't have a cashout option in Bitcoin Cash. 1broker didn't have a deposit option in Bitcoin Cash. It seemed like no services that I used had bitcoin cash. I know that Bitcoin Cash is new and will take time for people to adopt so why not help it along the way?

Helping Bitcoin Cash with its adoption

As a relatively new member of the Bitcoin community, I admit that I know little about Bitcoin and Blockchain technology. Sure, I may have read about it for hours and hours, but I don't know the whole story behind it all unlike many of you who have been here for years.
Anyways, as we all know, adoption for Bitcoin Cash is crucial to its survival. The negative attention from the media may have helped, or it may not have. Even as the hash power shifts to bitcoin cash, it's not that useful when every service I use pays out in the Segwit Bitcoin right?
I have started to ask several sites if they would ever consider the possibility of paying out in Bitcoin cash. Some said it would come down the future, some said no directly. I wish that one of them would have said yes, but none of them did. Sure, I can have the bitcoin sent to an exchange and directly exchange it into bitcoin cash. However, some of the sites I'm using now charge a mining fee, and I could still be losing a dollar or two per $20 payment and I would much rather lose a couple of cents.
However, this is not something that I'm doing alone. Everybody should be helping with adoption of Bitcoin Cash. Although I have never used Bitpay, it is a step in the right direction.
Even individual users can make a change. If you can convince a local shop owner to accept bitcoin cash, do it. You might be poorer like me and not afford to buy things with bitcoin cash, but if you're a freelancer, or frequent /giftcardexchange, you can start asking for bitcoin cash payments. As some of the market cap and hashing power shifts over from the Segwit Bitcoin, it's imperative that adoption does as well.
Anybody can make a difference, big or small. I know that there have been posts like this in the past, but I think it's much more important now than ever with the current price surge and hashpower shift.
submitted by FCatarina to btc [link] [comments]

For Once A Thoughtful Post on SLF

u/cornycatlady posted on SLF:
https://www.reddit.com/sugarlifestyleforum/comments/bokiyd/scared_of_getting_older_as_a_sb/
You may have noticed:
  1. The aged out prostitutes on SLF have no qualms about launching ageist attacks against younger girls between 18-25, calling the latter simpletons and immature. In reality, the thoughts expressed by the post showed much more maturity than the lying hags attacking heit.
  2. Many of those aged out prostitutes are chronic liars. Who would believe their stories about SD's buying her a Tesla Model S then a Model 3? (It's like buying a Toyota Camry/Corolla to replace a recent vintage Lexus LS; did the writer ever get to see the inside of those cars before writing such nonsense?) or SD giving her a beach house before conveniently dying? or being engaged to an SD of many years but somehow the SD has relocatedd to Europe for many months and they are still engaged to be married.
  3. The buying-her-a-beach-house-then-dying-timely story sounds like the wishful dream of an aged out prostitute pretending to be an SB. It shouldn't be a surprise that a woman having to stay in sex industry for too long would become bitter, and consequently nobody, not even very very old men would want to invest in her as an SB. Little wonder some very wealthy very old men like Bob Kraft would prefer a cash-and-carry sex-worker instead of a time-bomb like the former Clippers' owner's "SB" V blowing up and breaking his heart even after millions of dollars invested into her. "V" would be classified as a sex-worker / prostitute not an SB in this forum due to her juggling of multiple men besides her primary benefactor. It shouldn't be a surprise that she would turn out to be a fiasco.
  4. The lies that the aged-out prostitutes on SLF weave are actually real life lessons on not to become a prostitute (i.e. providing sex to multiple men, thereby making her own life insecure in the long run) . . . if you know how to read between their lines. If older ladies were more desirable than younger ladies, why is the term "Sugar Baby" instead of "Sugar Hag"?
Now let me address some of the specific issues raised in that post:
For once in my life, I envy not being a man.
No need for such envy; you likely don't notice the sorry lives of the bottom 95% of men.
For us women, our attractiveness is predominantly tied to our bodies and faces, and inevitably diminishes with time.
Your physical attractiveness allow you to engage and enjoy the attention of the top 1-3% of men. That is possible only because they pay little attention to older and less attractive women. Put it another way, even if you are a 9+ (there are no 10's); i.e. in the top 10% in beauty and youth, if all men were attracted to women in complete disregard of age then you'd only have 1 in 10 chance of finding a guy making half a mil or more a year as that's the cut-off line for the top 1% . . . that's for a 9+! only 1 in 10 chance. Of course in real life a girl of 9+ has better than 10% chance: she can get her turn while she is young and pretty. So instead of complaining about the transiency of the power of your youth/beauty, be appreciative of the fact that you can punch above your weight for a few years, so to speak. The dropping out of ladies in their 30's, 40's, 50's, 60's and etc. that used to be attractive years ago is the reason why you are able to find the time and attention from a man in the top 1-3% when you only need to be in the top 10% to 20% (i.e. 8 to 9+; sometimes even a 7 on the 10-point scale might work).
Of course, personality, priorities, all that inside stuff matters too for attractiveness in women, but it won't attract SD when we are 50 years old.
The real number is much lower than 50, like 30 if not 27. I wouldn't start with a new girl over 27. I prefer longer term relationships that last a few years.
However with men, for me at least, wealth, education, attire, health, and personality is what I deem sexy. These things are acquired over time and have a longevity to this sex appeal.
Instinctively you are looking for security from a male partner to help you with your baby projects. That's what women are biologically programmed to do, just like men are programmed to seek sex. Both are healthy and normal sexual desires.
Many SLF comments also gave you advice on investing. The same forum would have recommended Bitcoin if you were asking the question 18 months ago, just before it lost 80% of its value in the following year. They are now recommending stock indexing and real estate after a decade of continuous price expansion in both, where were they in 2009 to 2011? I was buying real estate hands-over-fist between 2009 to 2014 (at 30-70% price discount compared to the 2007 peak), but stopped in 2015 as higher prices made buying unattractive. Price cycles like those are common in financial history. NASDAQ (mostly tech and biotech stocks) index lost 80% of its value between 2000 and 2003. The 2008 drop cut SP500 in half. The supposed advice from sex-workers on SLF reminds me of this scene from The Big Short: https://www.youtube.com/watch?v=xZTFNizSNGs It's another reason why professional career choices with short time horizons are bad ideas: the financial bubbles and busts are there to harvest money from the dummies to those "deserving money." The old saying: Money always finds ways to reach hands that deserve it. Before you follow the advice of indexing this late in the current cycle (10 years in, as of Feb 2019), you may want to think about whether you have either the intellect or time horizon for either joining the herd stamped or beating the index.
Let's take a detour and examine two simple games of dice rolls: a simple standard six-sided dice (1-6) vs. two dices rolling and averaging the two. The single fair dice would of course give (100% / 6) = 16.7% chance to each of 1, 2, 3, 4, 5, 6. Rolling two dices and averaging the two would still produce results between 1 and 6, averaging exactly the same 3.5 expectation/average value. However, the distribution of outcomes are drastically different: there are 36 possible permutations when rolling two dices (many are redundant outcomes after averaging), but exactly 1 out 36 can produce an average of 6, so the probability of getting a 6 is 1/36 = 2.8%, which is drastically lower than the 16.7% probability of getting an outcome of 6 when rolling a single dice. In fact, there are two different ways of getting an average of 5.5: (6, 5) (5, 6); three different ways of getting an average of 5: (5, 5) (6, 4) (4, 6). So there are a total of 6 ways of getting 5 or better when rolling two dices and averaging them (out of 36 possible outcomes) and their average is (1x6 + 2x5.5 + 3x5) = 5.3. The cut-off line for the top 16% in single dice roll is a 6, whereas the cut-off for the top 16% in averaging two dice rolls is a full point lower (16.7% lower) at 5 (not even 5.5) and the average of the top 16% is only 5.3 (compared to 6 in single dice rolls); the average of the top 1/6 outcome from averaging-two-dice-rolls is literally lower than the average of the top 1/3 outcomes from single dice rolls! 5.3 vs. 5.5. There are far more than 33% probability of getting an outcome between 3 and 4 (inclusive of 3 and 4) when averaging two dice rolls.
That's the type of mathematical reality that you have to deal with when averaging two X-chromosomes (aka "being a woman," averaging two strands of dices) vs. having only one X-chromosome (aka "being a man," rolling only one genetic dice at each gene site for protein encoding/synethsis); X-chromosome is where most genes for intelligence are located (Y-chromosome having only less than 80 genes compared to the X's around 1200 genes is little more than a stub for exposing the single X-chromosome in men, so that the females can have more clear targets for sexual selection). Women are effectively given a genetic insurance policy to have far more outcomes in the middle of the distribution (the equivalent of between 3 and 4 in the dice rolls above) while giving up substantial probabilities at both extremes: both the extremely brilliant and the extremely dumb have much more men than women. Heck, the curse of having only one X-chromosome is so severe that boys have statistically significant higher probability of dying before reaching adulthood than girls do.
Unfortunately, as a woman, the biological instincts make you see only the top few percentage of men (it is the driving force behind evolution, and the reason why humanity exists); btw, men similarly instinctively sense whether you still have live eggs on the shelf, courtesy of the same evolutionary process. It is hard enough for a man to be successful enough to be in the top 1-5% (what it takes to be able to afford sugaring consistently), literally only 1 in 20 chance or lower; it's much harder for a woman . . . and more than half of it is due to what you are born with! Decades and billions of federal money spent on Head-Start already proved that education, even starting as early as pre-school, has little effect on a person's eventual level of success in adulthood; what makes a good college good is the admission process (i.e. the student body itself).
So, what's the solution for a young woman? How to put together a relatively happy and content life for yourself? (instead of concocting them in fantasy stories online)
IMHO, the first order of business is learning to be content with what you have, what you can produce on your own (and what your partner can provide for you when you can find one). Then try to recruit a competent/excellent male helpesponsor. If your SD is not destined to be your reproductive partner, then the less luxury he exposes you to is ironically better for you in the long run: leaving more room for your future reproductive partner to impress you. Given today's feminist indoctrination (premising that women are identical to men), it's hard for a woman to be a submissive good wife: who wants to be a good submissive wife when her friends are beating up their husbands and bragging about it and cheered on by mainstream media. Unless you are one of the rare ones who can be content with "leaving the burden of family decision making to the husband," a more suitable solution may well be co-parenting with a successful man: he pays for your own household, in which you indeed are head-and-shoulders above those surrounding you (your kids); his sponsorship can also enable you to be better off than your immediate neighbors, in a good neighborhood with good school district, but not necessarily the most expensive neighborhoods where the neighboring wives make each other unhappy via their competition.
My advice to my own daughter is getting "married" (de jure or de facto) by 22yo, likely the peak of a girl's "marketability." Have babies early while physical recovery is fast. Then pursue professional careers after the kids are grown old enough to attend schools. Don't obsess with the rat race or being a tax slave. She will likely find much more happiness in her own family (especially her own kids) than in serving bosses and business customers.
submitted by lalasugar to SugarDatingForum [link] [comments]

Why is Blockstream CTO Greg Maxwell u/nullc trying to pretend AXA isn't one of the top 5 "companies that control the world"? AXA relies on debt & derivatives to pretend it's not bankrupt. Million-dollar Bitcoin would destroy AXA's phony balance sheet. How much is AXA paying Greg to cripple Bitcoin?

Here was an interesting brief exchange between Blockstream CTO Greg Maxwell u/nullc and u/BitAlien about AXA:
https://np.reddit.com/Bitcoin/comments/62d2yq/why_bitcoin_is_under_attack/dfm6jt?context=3
The "non-nullc" side of the conversation has already been censored by r\bitcoin - but I had previously archived it here :)
https://archive.fo/yWnWh#selection-2613.0-2615.1
u/BitAlien says to u/nullc :
Blockstream is funded by big banks, for example, AXA.
https://blockstream.com/2016/02/02/blockstream-new-investors-55-million-series-a.html
u/nullc says to u/BitAlien :
is funded by big banks, for example, AXA
AXA is a French multinational insurance firm.
But I guess we shouldn't expect much from someone who thinks miners unilatterally control bitcoin.
Typical semantics games and hair-splitting and bullshitting from Greg.
But I guess we shouldn't expect too much honesty or even understanding from someone like Greg who thinks that miners don't control Bitcoin.
AXA-owned Blockstream CTO Greg Maxwell u/nullc doesn't understand how Bitcoin mining works
Mining is how you vote for rule changes. Greg's comments on BU revealed he has no idea how Bitcoin works. He thought "honest" meant "plays by Core rules." [But] there is no "honesty" involved. There is only the assumption that the majority of miners are INTELLIGENTLY PROFIT-SEEKING. - ForkiusMaximus
https://np.reddit.com/btc/comments/5zxl2l/mining_is_how_you_vote_for_rule_changes_gregs/
AXA-owned Blockstream CTO Greg Maxwell u/nullc is economically illiterate
Adam Back & Greg Maxwell are experts in mathematics and engineering, but not in markets and economics. They should not be in charge of "central planning" for things like "max blocksize". They're desperately attempting to prevent the market from deciding on this. But it will, despite their efforts.
https://np.reddit.com/btc/comments/46052e/adam_back_greg_maxwell_are_experts_in_mathematics/)
AXA-owned Blockstream CTO Greg Maxwell u/nullc doesn't understand how fiat works
Gregory Maxwell nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."
https://np.reddit.com/btc/comments/44qr31/gregory_maxwell_unullc_has_evidently_never_heard/
AXA-owned Blockstream CTO Greg Maxwell u/nullc is toxic to Bitcoin
People are starting to realize how toxic Gregory Maxwell is to Bitcoin, saying there are plenty of other coders who could do crypto and networking, and "he drives away more talent than he can attract." Plus, he has a 10-year record of damaging open-source projects, going back to Wikipedia in 2006.
https://np.reddit.com/btc/comments/4klqtg/people_are_starting_to_realize_how_toxic_gregory/
So here we have Greg this week, desperately engaging in his usual little "semantics" games - claiming that AXA isn't technically a bank - when the real point is that:
AXA is clearly one of the most powerful fiat finance firms in the world.
Maybe when he's talking about the hairball of C++ spaghetti code that him and his fellow devs at Core/Blockstream are slowing turning their version of Bitcoin's codebase into... in that arcane (and increasingly irrelevant :) area maybe he still can dazzle some people with his usual meaningless technically correct but essentially erroneous bullshit.
But when it comes to finance and economics, Greg is in way over his head - and in those areas, he can't bullshit anyone. In fact, pretty much everything Greg ever says about finance or economics or banks is simply wrong.
He thinks he's proved some point by claiming that AXA isn't technically a bank.
But AXA is far worse than a mere "bank" or a mere "French multinational insurance company".
AXA is one of the top-five "companies that control the world" - and now (some people think) AXA is in charge of paying for Bitcoin "development".
A recent infographic published in the German Magazine "Die Zeit" showed that AXA is indeed the second-most-connected finance company in the world - right at the rotten "core" of the "fantasy fiat" financial system that runs our world today.
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.
https://np.reddit.com/btc/comments/5btu02/who_owns_the_world_1_barclays_2_axa_3_state/
The link to the PDF at Die Zeit in the above OP is gone now - but there's other copies online:
https://www.konsumentenschutz.ch/sks/content/uploads/2014/03/Wem-geh%C3%B6rt-die-Welt.pdfother
http://www.zeit.de/2012/23/IG-Capitalist-Network
https://archive.fo/o/EzRea/https://www.konsumentenschutz.ch/sks/content/uploads/2014/03/Wem-geh%C3%B6rt-die-Welt.pdf
Plus there's lots of other research and articles at sites like the financial magazine Forbes, or the scientific publishing site plos.org, with articles which say the same thing - all the tables and graphs show that:
AXA is consistently among the top five "companies that control everything"
https://www.forbes.com/sites/bruceupbin/2011/10/22/the-147-companies-that-control-everything/#56b72685105b
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0025995
http://www98.griffith.edu.au/dspace/bitstream/handle/10072/37499/64037_1.pdf;sequence=1
https://www.outsiderclub.com/report/who-really-controls-the-world/1032
AXA is right at the rotten "core" of the world financial system. Their last CEO was even the head of the friggin' Bilderberg Group.
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
So, let's get a few things straight here.
"AXA" might not be a household name to many people.
And Greg was "technically right" when he denied that AXA is a "bank" (which is basically the only kind of "right" that Greg ever is these days: "technically" :-)
But AXA is one of the most powerful finance companies in the world.
AXA was started as a French insurance company.
And now it's a French multinational insurance company.
But if you study up a bit on AXA, you'll see that they're not just any old "insurance" company.
AXA has their fingers in just about everything around the world - including a certain team of toxic Bitcoin devs who are radically trying to change Bitcoin:
And ever since AXA started throwing tens of millions of dollars in filthy fantasy fiat at a certain toxic dev named Gregory Maxwell, CTO of Blockstream, suddenly he started saying that we can't have nice things like the gradually increasing blocksizes (and gradually increasing Bitcoin prices - which fortunately tend to increase proportional to the square of the blocksize because of Metcalfe's law :-) which were some of the main reasons most of us invested in Bitcoin in the first place.
My, my, my - how some people have changed!
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
https://np.reddit.com/btc/comments/4mlo0z/greg_maxwell_used_to_have_intelligent_nuanced/
Previously, Greg Maxwell u/nullc (CTO of Blockstream), Adam Back u/adam3us (CEO of Blockstream), and u/theymos (owner of r\bitcoin) all said that bigger blocks would be fine. Now they prefer to risk splitting the community & the network, instead of upgrading to bigger blocks. What happened to them?
https://np.reddit.com/btc/comments/5dtfld/previously_greg_maxwell_unullc_cto_of_blockstream/
"Even a year ago I said I though we could probably survive 2MB" - nullc
https://np.reddit.com/btc/comments/43mond/even_a_year_ago_i_said_i_though_we_could_probably/
Core/Blockstream supporters like to tiptoe around the facts a lot - hoping we won't pay attention to the fact that they're getting paid by a company like AXA, or hoping we'll get confused if Greg says that AXA isn't a bank but rather an insurance firm.
But the facts are the facts, whether AXA is an insurance giant or a bank:
  • AXA would be exposed as bankrupt in a world dominated by a "counterparty-free" asset class like Bitcoin.
  • AXA pays Greg's salary - and Greg is one of the major forces who has been actively attempting to block Bitcoin's on-chain scaling - and there's no way getting around the fact that artificially small blocksizes do lead to artificially low prices.
AXA kinda reminds me of AIG
If anyone here was paying attention when the cracks first started showing in the world fiat finance system around 2008, you may recall the name of another mega-insurance company, that was also one of the most connected finance companies in the world: AIG.
Falling Giant: A Case Study Of AIG
What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG (NYSE:AIG) - a bailout of $85 billion. In exchange, the U.S. government received nearly 80% of the firm's equity. For decades, AIG was the world's biggest insurer, a company known around the world for providing protection for individuals, companies and others. But in September, the company would have gone under if it were not for government assistance.
http://www.investopedia.com/articles/economics/09/american-investment-group-aig-bailout.asp
Why the Fed saved AIG and not Lehman
Bernanke did say he believed an AIG failure would be "catastrophic," and that the heavy use of derivatives made the AIG problem potentially more explosive.
An AIG failure, thanks to the firm's size and its vast web of trading partners, "would have triggered an intensification of the general run on international banking institutions," Bernanke said.
http://fortune.com/2010/09/02/why-the-fed-saved-aig-and-not-lehman/
Just like AIG, AXA is a "systemically important" finance company - one of the biggest insurance companies in the world.
And (like all major banks and insurance firms), AXA is drowning in worthless debt and bets (derivatives).
Most of AXA's balance sheet would go up in a puff of smoke if they actually did "mark-to-market" (ie, if they actually factored in the probability of the counterparties of their debts and bets actually coming through and paying AXA the full amount it says on the pretty little spreadsheets on everyone's computer screens).
In other words: Like most giant banks and insurers, AXA has mainly debt and bets. They rely on counterparties to pay them - maybe, someday, if the whole system doesn't go tits-up by then.
In other words: Like most giant banks and insurers, AXA does not hold the "private keys" to their so-called wealth :-)
So, like most giant multinational banks and insurers who spend all their time playing with debts and bets, AXA has been teetering on the edge of the abyss since 2008 - held together by chewing gum and paper clips and the miracle of Quantitative Easing - and also by all the clever accounting tricks that instantly become possible when money can go from being a gleam in a banker's eye to a pixel on a screen with just a few keystrokes - that wonderful world of "fantasy fiat" where central bankers ninja-mine billions of dollars in worthless paper and pixels into existence every month - and then for some reason every other month they have to hold a special "emergency central bankers meeting" to deal with the latest financial crisis du jour which "nobody could have seen coming".
AIG back in 2008 - much like AXA today - was another "systemically important" worldwide mega-insurance giant - with most of its net worth merely a pure fantasy on a spreadsheet and in a four-color annual report - glossing over the ugly reality that it's all based on toxic debts and derivatives which will never ever be paid off.
Mega-banks Mega-insurers like AXA are addicted to the never-ending "fantasy fiat" being injected into the casino of musical chairs involving bets upon bets upon bets upon bets upon bets - counterparty against counterparty against counterparty against counterparty - going 'round and 'round on the big beautiful carroussel where everyone is waiting on the next guy to pay up - and meanwhile everyone's cooking their books and sweeping their losses "under the rug", offshore or onto the taxpayers or into special-purpose vehicles - while the central banks keep printing up a trillion more here and a trillion more there in worthless debt-backed paper and pixels - while entire nations slowly sink into the toxic financial sludge of ever-increasing upayable debt and lower productivity and higher inflation, dragging down everyone's economies, enslaving everyone to increasing worktime and decreasing paychecks and unaffordable healthcare and education, corrupting our institutions and our leaders, distorting our investment and "capital allocation" decisions, inflating housing and healthcare and education beyond everyone's reach - and sending people off to die in endless wars to prop up the deadly failing Saudi-American oil-for-arms Petrodollar ninja-mined currency cartel.
In 2008, when the multinational insurance company AIG (along with their fellow gambling buddies at the multinational investment banks Bear Stearns and Lehmans) almost went down the drain due to all their toxic gambling debts, they also almost took the rest of the world with them.
And that's when the "core" dev team working for the miners central banks (the Fed, ECB, BoE, BoJ - who all report to the "central bank of central banks" BIS in Basel) - started cranking up their mining rigs printing presses and keyboards and pixels to the max, unilaterally manipulating the "issuance schedule" of their shitcoins and flooding the world with tens of trillions in their worthless phoney fiat to save their sorry asses after all their toxic debts and bad bets.
AXA is at the very rotten "core" of this system - like AIG, a "systemically important" (ie, "too big to fail") mega-gigantic multinational insurance company - a fantasy fiat finance firm quietly sitting at the rotten core of our current corrupt financial system, basically impacting everything and everybody on this planet.
The "masters of the universe" from AXA are the people who go to Davos every year wining and dining on lobster and champagne - part of that elite circle that prints up endless money which they hand out to their friends while they continue to enslave everyone else - and then of course they always turn around and tell us we can't have nice things like roads and schools and healthcare because "austerity". (But somehow we always can have plenty of wars and prisons and climate change and terrorism because for some weird reason our "leaders" seem to love creating disasters.)
The smart people at AXA are probably all having nightmares - and the smart people at all the other companies in that circle of "too-big-to-fail" "fantasy fiat finance firms" are probably also having nightmares - about the following very possible scenario:
If Bitcoin succeeds, debt-and-derivatives-dependent financial "giants" like AXA will probably be exposed as having been bankrupt this entire time.
All their debts and bets will be exposed as not being worth the paper and pixels they were printed on - and at that point, in a cryptocurrency world, the only real money in the world will be "counterparty-free" assets ie cryptocurrencies like Bitcoin - where all you need to hold is your own private keys - and you're not dependent on the next deadbeat debt-ridden fiat slave down the line coughing up to pay you.
Some of those people at AXA and the rest of that mafia are probably quietly buying - sad that they missed out when Bitcoin was only $10 or $100 - but happy they can still get it for $1000 while Blockstream continues to suppress the price - and who knows, what the hell, they might as well throw some of that juicy "banker's bonus" into Bitcoin now just in case it really does go to $1 million a coin someday - which it could easily do with just 32MB blocks, and no modifications to the code (ie, no SegWit, no BU, no nuthin', just a slowly growing blocksize supporting a price growing roughly proportional to the square of the blocksize - like Bitcoin always actually did before the economically illiterate devs at Blockstream imposed their centrally planned blocksize on our previously decentralized system).
Meanwhile, other people at AXA and other major finance firms might be taking a different tack: happy to see all the disinfo and discord being sown among the Bitcoin community like they've been doing since they were founded in late 2014 - buying out all the devs, dumbing down the community to the point where now even the CTO of Blockstream Greg Mawxell gets the whitepaper totally backwards.
Maybe Core/Blockstream's failure-to-scale is a feature not a bug - for companies like AXA.
After all, AXA - like most of the major banks in the Europe and the US - are now basically totally dependent on debt and derivatives to pretend they're not already bankrupt.
Maybe Blockstream's dead-end road-map (written up by none other than Greg Maxwell), which has been slowly strangling Bitcoin for over two years now - and which could ultimately destroy Bitcoin via the poison pill of Core/Blockstream's SegWit trojan horse - maybe all this never-ending history of obstrution and foot-dragging and lying and failure from Blockstream is actually a feature and not a bug, as far as AXA and their banking buddies are concerned.
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.
https://np.reddit.com/btc/comments/4k1r7v/the_insurance_company_with_the_biggest_exposure/
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
https://np.reddit.com/btc/comments/4r2pw5/if_bitcoin_becomes_a_major_currency_then_tens_of/
AXA has even invented some kind of "climate catastrophe" derivative - a bet where if the global warming destroys an entire region of the world, the "winner" gets paid.
Of course, derivatives would be something attractive to an insurance company - since basically most of their business is about making and taking bets.
So who knows - maybe AXA is "betting against" Bitcoin - and their little investment in the loser devs at Core/Blockstream is part of their strategy for "winning" that bet.
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.
https://np.reddit.com/btc/comments/5obe2m/this_traders_price_volume_graph_model_predicted/
"I'm angry about AXA scraping some counterfeit money out of their fraudulent empire to pay autistic lunatics millions of dollars to stall the biggest sociotechnological phenomenon since the internet and then blame me and people like me for being upset about it." ~ u/dresden_k
https://np.reddit.com/btc/comments/5xjkof/im_angry_about_axa_scraping_some_counterfeit/
Bitcoin can go to 10,000 USD with 4 MB blocks, so it will go to 10,000 USD with 4 MB blocks. All the censorship & shilling on r\bitcoin & fantasy fiat from AXA can't stop that. BitcoinCORE might STALL at 1,000 USD and 1 MB blocks, but BITCOIN will SCALE to 10,000 USD and 4 MB blocks - and beyond
https://np.reddit.com/btc/comments/5jgkxv/bitcoin_can_go_to_10000_usd_with_4_mb_blocks_so/
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
https://www.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Anyways, people are noticing that it's a little... odd... the way Greg Maxwell seems to go to such lengths, in order to cover up the fact that bigger blocks have always correlated to higher price.
He seems to get very... uncomfortable... when people start pointing out that:
It sure looks like AXA is paying Greg Maxwell to suppress the Bitcoin price.
Greg Maxwell has now publicly confessed that he is engaging in deliberate market manipulation to artificially suppress Bitcoin adoption and price. He could be doing this so that he and his associates can continue to accumulate while the price is still low (1 BTC = $570, ie 1 USD can buy 1750 "bits")
https://np.reddit.com/btc/comments/4wgq48/greg_maxwell_has_now_publicly_confessed_that_he/
Why did Blockstream CTO u/nullc Greg Maxwell risk being exposed as a fraud, by lying about basic math? He tried to convince people that Bitcoin does not obey Metcalfe's Law (claiming that Bitcoin price & volume are not correlated, when they obviously are). Why is this lie so precious to him?
https://www.reddit.com/btc/comments/57dsgz/why_did_blockstream_cto_unullc_greg_maxwell_risk/
I don't know how a so-called Bitcoin dev can sleep at night knowing he's getting paid by fucking AXA - a company that would probably go bankrupt if Bitcoin becomes a major world currency.
Greg must have to go through some pretty complicated mental gymastics to justify in his mind what everyone else can see: he is a fucking sellout to one of the biggest fiat finance firms in the world - he's getting paid by (and defending) a company which would probably go bankrupt if Bitcoin ever achieved multi-trillion dollar market cap.
Greg is literally getting paid by the second-most-connected "systemically important" (ie, "too big to fail") finance firm in the world - which will probably go bankrupt if Bitcoin were ever to assume its rightful place as a major currency with total market cap measured in the tens of trillions of dollars, destroying most of the toxic sludge of debt and derivatives keeping a bank financial giant like AXA afloat.
And it may at first sound batshit crazy (until You Do The Math), but Bitcoin actually really could go to one-million-dollars-a-coin in the next 8 years or so - without SegWit or BU or anything else - simply by continuing with Satoshi's original 32MB built-in blocksize limit and continuing to let miners keep blocks as small as possible to satisfy demand while avoiding orphans - a power which they've had this whole friggin' time and which they've been managing very well thank you.
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
Meanwhile Greg continues to work for Blockstream which is getting tens of millions of dollars from a company which would go bankrupt if Bitcoin were to actually scale on-chain to 32MB blocks and 1 million dollars per coin without all of Greg's meddling.
So Greg continues to get paid by AXA, spreading his ignorance about economics and his lies about Bitcoin on these forums.
In the end, who knows what Greg's motivations are, or AXA's motivations are.
But one thing we do know is this:
Satoshi didn't put Greg Maxwell or AXA in charge of deciding the blocksize.
The tricky part to understand about "one CPU, one vote" is that it does not mean there is some "pre-existing set of rules" which the miners somehow "enforce" (despite all the times when you hear some Core idiot using words like "consensus layer" or "enforcing the rules").
The tricky part about really understanding Bitcoin is this:
Hashpower doesn't just enforce the rules - hashpower makes the rules.
And if you think about it, this makes sense.
It's the only way Bitcoin actually could be decentralized.
It's kinda subtle - and it might be hard for someone to understand if they've been a slave to centralized authorities their whole life - but when we say that Bitcoin is "decentralized" then what it means is:
We all make the rules.
Because if hashpower doesn't make the rules - then you'd be right back where you started from, with some idiot like Greg Maxwell "making the rules" - or some corrupt too-big-to-fail bank debt-and-derivative-backed "fantasy fiat financial firm" like AXA making the rules - by buying out a dev team and telling us that that dev team "makes the rules".
But fortunately, Greg's opinions and ignorance and lies don't matter anymore.
Miners are waking up to the fact that they've always controlled the blocksize - and they always will control the blocksize - and there isn't a single goddamn thing Greg Maxwell or Blockstream or AXA can do to stop them from changing it - whether the miners end up using BU or Classic or BitcoinEC or they patch the code themselves.
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
https://np.reddit.com/btc/comments/5pcpec/the_debate_is_not_should_the_blocksize_be_1mb/
Core/Blockstream are now in the Kübler-Ross "Bargaining" phase - talking about "compromise". Sorry, but markets don't do "compromise". Markets do COMPETITION. Markets do winner-takes-all. The whitepaper doesn't talk about "compromise" - it says that 51% of the hashpower determines WHAT IS BITCOIN.
https://np.reddit.com/btc/comments/5y9qtg/coreblockstream_are_now_in_the_k%C3%BCblerross/
Clearing up Some Widespread Confusions about BU
Core deliberately provides software with a blocksize policy pre-baked in.
The ONLY thing BU-style software changes is that baking in. It refuses to bundle controversial blocksize policy in with the rest of the code it is offering. It unties the blocksize settings from the dev teams, so that you don't have to shop for both as a packaged unit.
The idea is that you can now have Core software security without having to submit to Core blocksize policy.
Running Core is like buying a Sony TV that only lets you watch Fox, because the other channels are locked away and you have to know how to solder a circuit board to see them. To change the channel, you as a layman would have to switch to a different TV made by some other manufacturer, who you may not think makes as reliable of TVs.
This is because Sony believes people should only ever watch Fox "because there are dangerous channels out there" or "because since everyone needs to watch the same channel, it is our job to decide what that channel is."
So the community is stuck with either watching Fox on their nice, reliable Sony TVs, or switching to all watching ABC on some more questionable TVs made by some new maker (like, in 2015 the XT team was the new maker and BIP101 was ABC).
BU (and now Classic and BitcoinEC) shatters that whole bizarre paradigm. BU is a TV that lets you tune to any channel you want, at your own risk.
The community is free to converge on any channel it wants to, and since everyone in this analogy wants to watch the same channel they will coordinate to find one.
https://np.reddit.com/btc/comments/602vsy/clearing_up_some_widespread_confusions_about_bu/
Adjustable blocksize cap (ABC) is dangerous? The blocksize cap has always been user-adjustable. Core just has a really shitty inferface for it.
What does it tell you that Core and its supporters are up in arms about a change that merely makes something more convenient for users and couldn't be prevented from happening anyway? Attacking the adjustable blocksize feature in BU and Classic as "dangerous" is a kind of trap, as it is an implicit admission that Bitcoin was being protected only by a small barrier of inconvenience, and a completely temporary one at that. If this was such a "danger" or such a vector for an "attack," how come we never heard about it before?
Even if we accept the improbable premise that inconvenience is the great bastion holding Bitcoin together and the paternalistic premise that stakeholders need to be fed consensus using a spoon of inconvenience, we still must ask, who shall do the spoonfeeding?
Core accepts these two amazing premises and further declares that Core alone shall be allowed to do the spoonfeeding. Or rather, if you really want to you can be spoonfed by other implementation clients like libbitcoin and btcd as long as they are all feeding you the same stances on controversial consensus settings as Core does.
It is high time the community see central planning and abuse of power for what it is, and reject both:
  • Throw off central planning by removing petty "inconvenience walls" (such as baked-in, dev-recommended blocksize caps) that interfere with stakeholders coordinating choices amongst themselves on controversial matters ...
  • Make such abuse of power impossible by encouraging many competing implementations to grow and blossom
https://np.reddit.com/btc/comments/617gf9/adjustable_blocksize_cap_abc_is_dangerous_the/
So it's time for Blockstream CTO Greg Maxwell u/nullc to get over his delusions of grandeur - and to admit he's just another dev, with just another opinion.
He also needs to look in the mirror and search his soul and confront the sad reality that he's basically turned into a sellout working for a shitty startup getting paid by the 5th (or 4th or 2nd) "most connected", "systemically important", "too-big-to-fail", debt-and-derivative-dependent multinational bank mega-insurance giant in the world AXA - a major fiat firm firm which is terrified of going bankrupt just like that other mega-insurnace firm AIG already almost did before the Fed rescued them in 2008 - a fiat finance firm which is probably very conflicted about Bitcoin, at the very least.
Blockstream CTO Greg Maxwell is getting paid by the most systemically important bank mega-insurance giant in the world, sitting at the rotten "core" of the our civilization's corrupt, dying fiat cartel.
Blockstream CTO Greg Maxwell is getting paid by a mega-bank mega-insurance company that will probably go bankrupt if and when Bitcoin ever gets a multi-trillion dollar market cap, which it can easily do with just 32MB blocks and no code changes at all from clueless meddling devs like him.
submitted by ydtm to btc [link] [comments]

WARNING!! BITCOIN TO $1,200 VERY SOON!! According To Ross ... How to Convert Cash into Bitcoin - YouTube Free Cash App Money  How I Made $1200 From Cash App - YouTube HOW TO BUY BITCOIN WITH YOUR $1200 STIMULUS CHECK  4 EASY STEPS How To Double Your $1200 Stimulus Check Money (3 ...

Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another. As a permissionless, decentralized ... Die Aussicht, dass der Bitcoin schon bald mithilfe eines Fonds einer grösseren Zahl von Investoren zugänglich werden könnte, trieb den Bitcoin-Kurs erstmals über die Marke von 1200 Dollar. Ausserdem erklärten Marktbeobachter den jüngsten Höhenflug mit der Sorge vor politischen Unsicherheiten. How much is 1200 US Dollar in Bitcoin Cash? - 1200 USD to BCH (1200 US Dollar to Bitcoin Cash) is 0.0044 BCH with exchange rate 0.0044000000 for today. For your convenience Mconvert has online US Dollar to Bitcoin Cash (USD vs BCH) history chart and a table of popular currency pairs with their latest exchange rates for 09/07/2020. If you don’t feel like visiting the site every day, currency ... So, you've converted 1200 US Dollar to 4.729478 Bitcoin Cash. We used 253.727794 International Currency Exchange Rate. We added the most popular Currencies and CryptoCurrencies for our Calculator. You can convert US Dollar to other currencies from the drop down list ... 1200 Bitcoin is 14229360 US Dollar. So, you've converted 1200 Bitcoin to 14229360 US Dollar . We used 0.000084 International Currency Exchange Rate.

[index] [43486] [38252] [28930] [16230] [47351] [37514] [4051] [38143] [22295] [18802]

WARNING!! BITCOIN TO $1,200 VERY SOON!! According To Ross ...

Stimulus HOW TO BUY #BITCOIN WITH YOUR $1200 #STIMULUS CHECK ... [6 Trillion Dollars JUST VANISHED] - Duration: 13:29. Minority Mindset 106,033 views. 13:29. Setting Up a Bank Wire on Coinbase ... How to double your stimulus check by investing it with these top 3 investments My Stock Portfolio: https://www.patreon.com/andreijikh Get 1 Free Stock on... Free Cash App Money How I Made $1200 From Cash App Cash App Invite Code Click this link to receive $5 by downloading cash app https://cash.me/app/QGXWHCK o... EXPERIMENT: Buying $1 Bitcoin Every Day with Cash App - DAY 200 💸 Get Cash App ($5 FREE): http://cash.me/app/LWJTDBF 💸 Cash App Playlist: https://www.youtube... 🔥Bybit $90 Bonus: https://www.bybit.com/app/register?ref=nOnj5 🔥 Bitcoin Technical Analysis & Bitcoin News Today: Ross Ulbricht predicts Bitcoin's price to $...

#