Future of Banking and Investing C-SPAN.org

Why the stock to flow model is nonsense, but bitcoin may continue to follow it for a few more years

Bitcoin stock to flow model is wrong because:
The basis of the entire model assumes that halvings create exponential price increases because miners lose half of their ability to depress price. Bitcoin inflation year over year inflation rate is ALREADY less than 2%, so whether that rate is 1%, 0.5%, or 0.25%, miners have no tangible effect on price because it's already practically zero. The stock to flow ratio might matter when only 4,000,000/21,000,000 were mined, but with 19,000,000/21,000,000 mined, the introduction of those last two million coins over the span of a hundred years will mean nothing going forward. For all intents and purposes, you are better off assuming bitcoin is already at 21 million and that there are no more coins left to mine.
Bitcoin might follow the stock to flow model anyway for the next few years, because one word: demand
The volatility index of bitcoin has been sitting at all time lows for the last year but the price is trending slightly up, usually that's indicative of an asset that is consolidating for a massive breakout. Think of bitcoin in 2016 as a good comparison. Of course bitcoin does not have a tangible intrinsic value per se, but it has an intangible value and that is: trust. Despite being in a nasty multiyear bear market, the on chain metrics for bitcoin have been pointing north the whole time. The people who believe in the fundamentals, the ones who believe in bitcoin are the ones keeping it alive and it's still growing in the background. The global economic circumstances with unlimited quantitative easing are favoring hard assets, and bitcoin is about as hard as it gets. Smart money aka institutions and hedge funds are buying bitcoin right now. Usually the entrance of smart money is a sign further appreciation is coming.
This might be bitcoin's last exponential bullrun. At some point, market capitalization gets so high that it just can't mathematically appreciate exponentially anymore. At 200 billion, the marketcap is already pressing on those limits, but with the increased demand I'm forecasting is coming, I think bitcoin will have one last hurrah to levels in the multi-trillions. Unless Zimbabwe style hyperinflation is coming, bitcoin will find a ceiling that it will never touch again and peak.
submitted by ShotBot to CryptoCurrency [link] [comments]

Price increase drives 98% of Bitcoin holders into a state of profit.

Price increase drives 98% of Bitcoin holders into a state of profit.
by Mickael Mosse
The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on the current data, 98% of all bitcoin UTXOs are in a state of profit touching levels previously recorded three years ago in December 2017.
The price of bitcoin (BTC) closed at a high at $13,184 per coin on Wednesday, October 21 following the announcement from Paypal. During the evening trading sessions, the onchain research and analysis firm Glassnode tweeted about the number of bitcoin unspent transaction outputs (UTXOs) in profit. A UTXO refers to the amount of bitcoin someone holds that has not been spent and is simply stored in a bitcoin wallet.
“98% of all bitcoin UTXOs are currently in a state of profit,” Glassnode tweeted. “A level not seen since Dec 2017, and typical in previous BTC bull markets.”

https://preview.redd.it/1dtqk311dvu51.png?width=1450&format=png&auto=webp&s=67b10a88f9891ade45f459dcf03fc70bad23b5c9
Since then the price has dropped a hair but the price of bitcoin (BTC) is still up 4.3% over the last seven days. Long term holders have seen a 72.4% increase during the last 12 months, 34.9% during the last 90-days and 22% against the 30-day span. Glassnode’s onchain stats report, details that the subindex measuring investor “sentiment” increased ending the week “at 70 points.”
A number of crypto analysts and traders believe that bitcoin’s current price range is a key indicator for moving forward. Moreover, BTC’s dominance level, it’s market cap measured against all 7,000+ crypto assets, has risen to 63.2%. The senior financial analyst at Fxpro, Alex Kuptsikevich, believes bitcoin is testing crucial macro levels.
“At current levels, Bitcoin is testing cyclical highs,” Kuptsikevich wrote in a note to investors. “Since the beginning of 2018, it has not been able to gain a foothold at levels above $12,000. It is equally important that at new highs, indicators like the RSI are far from the overbought condition, indicating significant potential for further growth. Closing the week above $12,800 would be the highest level in two and a half years, opening a direct path of growth to the historic highs of $20,000 that we saw three years ago.”
Kuptsikevich added:
Bitcoin breaking through two round levels of $12k and $13k opens doors for further growth. The current price dynamics led the coin to re-test the peak of july 2019, which at that time was the highest point of the rally. Nowadays, purchases take place against the background of confidence that bitcoin has more and more supporters in the traditional financial world.
Eric Demuth, cofounder and CEO of Bitpanda believes that cryptocurrencies, in general, started to “establish themselves as a trusted asset class of the worldwide financial market such as gold and stocks.” Demuth thinks that the Paypal support announced on Wednesday is just the start, as he believes more large players will be joining the crypto party.
“2020 has shown that crypto is here to stay,” Demuth explained. “There has been a huge inflow of institutional capital as well as record numbers of new retail customers adopting cryptocurrencies. I am certain we will see more big players like Paypal joining the party in 2021.”
Read the article here:https://mickaelmosse.com/price-increase-drives-98-of-bitcoin-holders-into-a-state-of-profit/
And don't miss out on any bitcoin news, daily on the mickaelmosse.com app.
submitted by williamsouza10 to u/williamsouza10 [link] [comments]

The Wonders of Government Backstopped Promissory Notes..

Scientific Gaming Corporation (SGMS) is a very strange company. The operating income is fabulous, but when you factor in the gargantuan yearly interest payments, they consistently end up losing money. Over the 3 fiscal years spanning 2016-2018, they paid $1.86 billion in interest while generating only $788 million in operating income.
What's worse is that even though this has been going on for almost two decades now, you can still only count on one hand how many times that they've booked a yearly profit.
SGMS is, of course, a big player in gambling industry.
For a lender to be profiting to that extent from the gambling industry, while at the same time providing little in terms of real tangible value to the company (all they did was loan the company money), seems almost equivalent to banks laundering 100's of billions for drug kingpins..
Could you imagine a situation where the fed, through its unprecedented entry into the HY corporate bond market, were to backstop SGMS's promissory notes through direct purchases in secondary markets..
Through their previously implemented Primary Dealer Credit Facility (PDCF), the fed has already agreed to swap equities for 3 month term loans. This, of course, would've been completely okay, but let's not forget, on March 17, 2020, the market was in freefall, so there was no way to reasonably price the collateral being exchanged to, as it says specifically in the federal reserve act, protect tax payers from losses.
https://preview.redd.it/9iax3y939pu51.jpg?width=1200&format=pjpg&auto=webp&s=4a35289f80764b4905bfbf12bb9577422d366c7a
https://preview.redd.it/bys73bc69pu51.jpg?width=1200&format=pjpg&auto=webp&s=d7377e54df5681473bbaed2962919e084b305554
Term Sheet for Primary Dealer Credit Facility (PDCF)
"Collateral eligible for pledge under the PDCF includes all collateral eligible for pledge in open market operations (OMO);1 plus investment grade corporate debt securities, international agency securities, commercial paper, municipal securities, mortgage-backed securities, and asset-backed securities;2 ***plus equity securities.**** Foreign currency-denominated securities are not eligible for pledge under the PDCF at this time.
" The PDCF functioned as an overnight loan facility for primary dealers (Investment Banks), similar to the way the Federal Reserve's discount window provides a backup source of funding to depository institutions.

Considering the reversal starting in .March.23RD, 2020 (while the entire world was shutdown, and during America's worst GDP quarter in its 244 year history), it almost makes you question whether certain insiders knew what was going to happen..If you can simply exchange equities for short term cash, and receive these equities back after up to 90 days, if the stock market breaks momentum records during the lifespan of the exchange, that's a double win. Not only could you have purchased equities at the bottom with your own secret little fed subsidized margin account, but you could also receive the equities that you used to borrow the money to buy the new equities near the bottom back for the cash
submitted by interestingstuff6 to business [link] [comments]

How YFI came out of nowhere to become the fastest coin to reach $1B and the fastest coin to ever get listed on Coinbase

Note: As mentioned to the original 624 Reddit subscribers, there will be $YFI based Exclusive Original Content released here by myself and others from time to time. These kinds of interactive Deep Dives with a Q&A with fellow Investors / Beta Testers right afterwards is a rare thing in Crypto, and will only be found with this level of immediacy, social interaction, permanence, depth, and complexity of analysis and feedback on a platform like Reddit.

A lot of projects have low innovation, just copying something that someone else has already done, but with small tweaks to things like variables in Smart Contracts. A few rare projects have genuine innovation, providing genuine value to investors and users by providing attractive new products that simplify a lot of things in this space.
Even rarer are the Unicorns that not only have innovation, but they have innovation in spades, oozing out of every pore. $YFI is one of these types of Unicorns. The scope of products and rapidity of release of new revolutionary products of this project has been simply unmatched in the short history of Crypto.
Since 2009, the world of crypto has never seen anything like this lightning fast pace of development spanning such a wide scope of products - optimized automated yield farming and lending that relentlessly hunts the best yields, crypto insurance on Smart Contracts, a revolutionary Stablecoin idea that essentially makes a USD altcoin "smart" with built-in yield farming capabilities for the first time, to name a few - all built by a genius Smart Contract Builder who provided the world the first Fair Launch token.
Key to wrapping your head around the advantages that the yEarn Finance ecosystem has over - well, every single other option out there at this time - are the concepts below:

  1. CeFi vs. DeFi
  2. Composability
  3. Smart Contract Stacking
  4. The power of a Talented and Diverse DAO

To discuss these concepts, and to educate beginners, we have to understand what the terms above truly mean. This post doesn't discuss any particular products and their advantages, only the systemic advantages that are available only to $YFI. This project seems to attract the smartest and the highest risk taking of crypto investors, and an important thing in truly understanding all of the risks involved, is that you have to know the terms and concepts first. Even veteran crypto and DeFi users may be thrown for a loop by some of the innovative products and concepts that keep coming out of the YFI Labs.
This project is going through an expansion phase, where the scope of everything and the reach of the various released products is increasing (Insurance, A truly pegged Stablecoin, yETH Version 2, ySwap, yLiquidate, etc, etc..)
You know that there's some motherforker or twenty that is now just avidly waiting for every piece of code that Andre drops onto GitHub, so that they can be among the first to copy it verbatim then claim it as "their own variation" because they changed some variables and titles. Yawn.
From the definitive glossary for the DeFi space - yet another $YFI innovation - I'll list their definitions below. These may not be their final definitions when I finish any V1.1 edits to it, but they're good enough for now, and at least 3 or more YFI Dev Team members have read, reviewed, or edited these definitions. I've also invited my fellow Beta testers to provide comments to my RFC on this subreddit and in the Governance forum (among the documentation volunteers).
Yes, this is how early DeFi investors are in the development and maturation of the DeFi space. Anyone reading this right now is so early into DeFi's evolution that the terms used for this space are literally still being finalized by the community.
I've given a little bit of a sneak peek into how technical documentation is somehow self-organized in a powerful DAO such as this one. In this example, it starts off with a call for help on Twitter to improve our documentation by tracheopteryx. Interested and qualified volunteers show up (or don't) when such a call is made.
Your writers and editors have spent many a moment pondering off into space debating whether this term really means this or that, or if the term was either succinctly described, or fully sufficient. It's a usually thankless and anonymous job, that is critical in providing enough relevant information to its users and investors. [Note: Just like anything you see related to the $YFI project: You can help us improve this documentation - any of it - if you see errors or better ways of describing this information.]
All terms are shamelessly plagiarized from myself and my fellow writeeditors - u/tracheopteryx and Franklin - from the draft definitions in our new DeFi glossary: https://docs.yearn.finance/defi-glossary

1. CeFi vs. DeFi
CeFi - Centralized Finance. In terms of cryptocurrency, CeFi is represented by centralized cryptocurrency exchanges, businesses or organizations with a physical address, and usually with some sort of corporate structure. These CeFi businesses must follow all applicable laws, rules, and regulations in each country, state, or region in which they operate.
DeFi - DeFi, or Decentralized Finance, is at its root a set of Smart Contracts running independently on blockchains such as the Ethereum network. Smart Contracts may or may not interact with other smart contracts and even other blockchains.
The goal of DeFi is to enhance profitability of investors in DeFi through automated smart contracts seeking to maximize yields for invested funds. DeFi is marked by rapid innovative progression and testing of new ideas and concepts.
DeFi often involves high risk investing sometimes involving smart contracts that have not been audited or even thoroughly reviewed (a review is not as comprehensive as an audit, but may be also be included as part of an audit). Due to this and other reasons, DeFi is conventionally considered to be more risky than CeFi or traditional investing.
Comment: DeFi is higher risk, partly because it moves so fast. A lot of yams, hot dogs, and sushi can get lost when you move so fast that you can't even bother to do a thorough audit before releasing code. The cream of the crop projects will all have had multiple audits done by multiple independent auditors. Auditors are expensive. At such an embryonic stage, most projects can't afford to have one audit done let alone 5.
But if you can live with that higher risk intrinsic in DeFi and be willing to be a part of "testing in prod," then financial innovation can truly blossom. And if you let your best and brightest members of your community focus only on doing what they do best, then they don't have to bother to try to grow a business like a Bezos, Musk, or a Zuckerberg. Innovative entrepreneurs in this mold such as Andre, don't have to even try to do this business growth on their own because the DAO sets it up so that they don't have to do this. The DAO both grows the business while supporting and allowing these innovators to simply innovate, instead of trying to get nerds to do backroom deals to gain market share and access to new customers. It turns out that nerds are much more productive when you just let them be a nerd in their labs.

  1. Composability
Composability - The measure of the usability and ability of a product to be used as a building block (or "money lego") in the construction of other products or domains. A protocol that is simple, powerful, and that functions well with other protocols would be considered to have high composability.
Comment: The maturity of the cryptocurrency ecosystem and the evolution of composable building tools in the DeFi space now make new products and concepts available. $YFI would not have been possible only 2 or 3 years ago; the tools and ecosystem simply weren't ready for it yet.
This is why only now are you and many other now hearing about YFI. In 2018, Andre began providing free code reviews to Crypto Briefing. Andre had to learn to walk before he could run, and the composable tools needed to work on embryonic ideas in his head were simply not ready or available then. By reading and reviewing so many Smart Contracts he learned to recognize good code from bad code at what was still a very early stage in Smart Contract development in 2018, only 3 years after ETH's launch in July 2015.

  1. Smart Contract Stacking
Smart Contracts - A digital contract that is programmed in a language that is considered Turing complete, meaning that with enough processing power and time, a properly programmed Smart Contract should be able to use its code base and logical algorithms to perform almost any digital task or process. Ethereum's programming languages, such as Solidity and Vyper, are Turing complete.
Comment: Smart Contracts have actually gotten smarter since ETH launched in July 2015. It's because Smart Contract builders needed to learn Solidity and how it functions and interoperates before they could spread their wings as designers. With more time and experience under their belts, the early SC builders that stuck to it have gotten much better.
In Andre Cronje, we may have been witness to the rise of the next Satoshi or Vitalik of crypto. There is a reason that a couple of days ago, I counted 6 of 41 YF clones - nearly 15% - among the top gainers on the day. Success breeds copycats showing a ton of flattery. A smart contract is so smart, it can be used to be stacked upon other smart contracts such as at Aave or Maker.
True innovation takes time, sacrifice, blood, sweat, and tears. It does not come without cost to those doing the innovating.
There is not a single project in DeFi, CeFi, or even all of cryptocurrency that can claim the breadth and diversity of innovation and product reach that is found in the $YFI ecosystem. As a tech investor and professional nerd who's been involved at Research Labs and around product development and testing since before the year 2000. Prior to that I've ready widely and keenly to keep up with technological changes and assess investment potential in these disruptive changes nearly my whole life.
The amount of innovation shown in this project is breathtaking if you're a Tech or FinTech researcher. It's being released at a ridiculously rapid pace that is simply unmatched in any private or government research lab anywhere, let alone at any CeFi or traditional financial institution one can name. The only comparable levels of innovation shown by this young project is typically only seen during periods of epochal changes such as The Renaissance or times of strife and war, such as World War II.
Unless you've been in the industry and working with coders: I don't think those that haven't been around software development and testing can understand, can truly grasp that no one, no group does this. This isn't normal. This rapid-fire release of truly innovative code and intelligent strategies would have to be comparable to some of the greatest creative periods of human ingenuity and creativity. It's truly on par with periods of brilliance seen by thinkers like Newton, Einstein and Tesla, except with software code and concepts in decentralized finance. When the history of FinTech writes this chapter in its history, $YFI may need its own section or chapter.
Don't forget all of these financial instruments we take for granted all around us, all had a simple start somewhere, whether it was an IOU system of credit, insurance, stocks, bonds, derivatives, futures, options, and so on...they all started off as an idea somewhere that had to get tested sooner or later "in production."
One brilliant aspect of $YFI Smart Contracts is that they're built as a profitable layer atop existing DeFi protocols, extracting further value from base crypto assets and even primary crypto derivatives. $YFI is built atop existing smart contracts to create further value where there was none before, and help maximize gains for long term investors.

  1. The Power of a Talented and Diverse DAO
DAO - Distributed Autonomous Organization. The first DAO was started in 2016. According to Wikipedia's definition, it is an: "organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial transaction record and program rules are maintained on a blockchain."
When implemented well, a DAO allows for real world experiments in decentralized democratic organization and control, with more freedom of action and less regulatory oversight for DAO controlled projects and products when compared to legacy corporate structures and organizations.
Comment: yEarn Finance has shown us what a properly motivated and sufficiently powerful DAO can do in a short amount of time.
There's many reasons why this project with an already profitable business model is the fastest original project in history to ever reach a $1B marketcap in any market - traditional or crypto - accomplishing this amazing feat in less than two months. There's reasons why this is probably the fastest coin in history to get listed on Coinbase in less than 2 months.
The power of a sufficiently talented and diverse development team and community is stunning in its power, speed, and ability to get things done quickly. There are risks aplenty with parts of this project, but $YFI is now seen as a "safe" place in DeFi, because you know you that as far as yield farming you probably couldn't do it better yourself unless you took a chance on unaudited code with anonymous Devs, or you were doing the trading equivalent of throwing darts blindfolded and somehow won, except that you even more improbably kept doing that over and over and winning.

Summary: There's reasons why YFI has been called the Bitcoin of DeFi and the Berkshire Hathaway Series A of crypto. I've listed some of the reasons above. The confluence of these 4 factors has helped lead to explosive growth for this project.
This isn't financial advice as I'm not a financial pro but make no mistake: as a Crypto OG around crypto since early 2013, who was deeply involved in multiple community projects as an early organizer, and who was a small investor during the DotCom era investing in early giants that went on to be gorillas, I don't say this lightly that the $YFI project is lightning in a bottle and a diamond in the rough.
What $YFI allows, when all is said and done, is the rapid fire implementation of great ideas that have gone through a rapid Darwinian evolution, where only the best ideas are implemented. Thoughts and ideas are powerful things. The valuation of this coin and ecosystem has to, it must take into account that this nascent financial innovation hub and ecosystem actually works and allows the best of these ideas to actually blossom rapidly.
You just don't find too many gems like this.
submitted by CryptoOGkauai to yearn_finance [link] [comments]

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Cash App Customer Support ℠☎𝟏 𝟑𝟏𝟎⥂𝟗𝟐𝟗《𝟏𝟏𝟗𝟏 》™♞ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴TE
Cash App Customer Support ℠☎𝟏 𝟑𝟏𝟎⥂𝟗𝟐𝟗《𝟏𝟏𝟗𝟏 》™♞ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴TE
Cash App Customer Support ℠☎𝟏 𝟑𝟏𝟎⥂𝟗𝟐𝟗《𝟏𝟏𝟗𝟏 》™♞ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴TE
Cash App Customer Support ℠☎𝟏 𝟑𝟏𝟎⥂𝟗𝟐𝟗《𝟏𝟏𝟗𝟏 》™♞ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴TE
Cash App Customer Support ℠☎𝟏 𝟑𝟏𝟎⥂𝟗𝟐𝟗《𝟏𝟏𝟗𝟏 》™♞ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴TE
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In the last decade, digital payments have become very popular for facilitating quick and fast online money transfer. Cash App is one such app that has been offering the peer to peer money transfer services with features such as Cash app cards, direct deposits, and free money to users. But it is also infamous for so many common Cash App issues that users often come across.

Is there Any Cash App Support Number Present?
Unfortunately, the Cash App Support is very tepid and unresponsive and they do not provide a good experience to a lot of users.

There are many customers who often complain about the unprofessional response from the Cash App Support. Although there is no official Cash App Support number +1-310-929-1191 and it is causing a lot of troubles to users when they face issues such as transfer failed, Cash App login errors, direct deposit failed, cash card declined, account blocked or closed,

Apart from this users sometimes want to connect with the Cash App support phone number for general queries regarding cash app accounts. The cash card is one of such features which is very much in use; it works like any other debit card and used to make purchases or pay bills. Once customers receive this they seek help from the Cash App Support telephone number for activating the Cash App card, tracking an order, and sometimes to apply for payment dispute.In recent years there has been a spike of complaints about the Cash App account blocked, hacked, and even scammed by the fake Cash App Support. They pretend as the executive from the Cash App and try to resolve the cash app issues.

With this much disenchantment customers often become victims of the sham Cash App technical support number. So you should stay away from such mishappening and know that the only way to contact Cash App Support is through the app itself. There is no official number that connects you with a Cash App representative.

You should follow these easy-going steps for authentic Cash App customer support:
Cash App login: Login in for you Cash App account and select your Profile icon
In the Settings select Support: Scroll down and click on the Setting button to get the option “Cash App Support”
Choose Cash App issue: After this, you will see some options and prominent Cash App issues Account closed, refund failed, forget the password, etc. You can choose any issue that you are having and if this list does not consist of your concern then select the Something else button.
Request a Call from Cash App Support number: Once you are done with selecting the issues that you have then click on the “Contact Support” to request a call on your phone number.
Thereafter enter a short description explaining why you want to contact the Cash App support number and what is your Cash App issue, after entering these you can click on Continue. You can expect to get a response from the support team within 24 hours and if there is no reply then you should repeat the same process on the app unless there is any response

Cash App: Cash App is a mobile payment service that allows users to transfer money to one another, as well as invest in stocks and Bitcoin. The app icon is green with a white dollar sign in the center.

Square Point of Sale: Square Point of Sale is a mobile point of sale app that allows sellers to process payments, refunds, track inventory, send invoices, and much more. The app icon is white and gray with a square symbol in the center.

Looking to contact Cash App Support?
You can reach out to Cash App Support directly from the Cash App:

From the app, tap on your profile image and scroll to the bottom of the page.

Tap Support and review answers to common questions. If you’re not able to find your answer, tap Something Else.

Select your reason > Contact Support.

Contacting Cash App Support Without an Account
If you’re unable to sign in or don’t have a Cash App account, we still want to hear from you! You can request contact through cash.app/help.

If you select the instant transfer option, you will be charged a 1.5% of the total deposit amount to have the funds deposited to your bank account instantly. Deposits will arrive on your bank statement either with the prefix SQC* or with the name of the person who assigned you money.

Receiving Limit: none
You will be required to verify your name, your date of birth, and the last four digits of your SSN before you can receive over $1,000 in a time span of 30 days. After you confirm your account, there is no limit on the total amount of money you can receive on Cash app.

Cash App Customer service contacts
With some of the details covered above, you may still want to reach the customer care desk of square cash app. So, here are the phone number, email address and other important contact details of the company.

How to contact cash app from the app
Tap the visible profile icon on your Cash App home screen
Scroll down and then tap Cash Support
Tap Something Else o this screen
Scroll down to your issue
Tap Contact Support
How to request cash app customer service to contact you
Scroll down and then click Contact Support button
Login to your account
Navigate to your issue
Click on Contact Support
Cash app phone number
You can call cash app customer service via phone on 855-351-2274

How to merge account details
Tap on the profile icon on your Cash App home screen
Now Scroll down and then select Personal
Add any missing phone numbers or your email addresses
Can I cancel a payment process
The money transfer process is instantaneous and can’t be canceled. To get a reversal, you can use the contact details above or request the recipient to reverse using this process.

Tap the clock icon on their Cash App home screen
Select the wrong payment in question
Tap … icon
Select Refund
Press OK to confirm
submitted by kiltokarzu to u/kiltokarzu [link] [comments]

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Cash App Customer Service ✔️✆▶𝟏⥂𝟑𝟏𝟎-𝟗𝟐𝟗-𝟏𝟐𝟏𝟑℗☜ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴CUST⌚OME⌚R ⌛
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Cash App Customer Service ✔️✆▶𝟏⥂𝟑𝟏𝟎-𝟗𝟐𝟗-𝟏𝟐𝟏𝟑℗☜ cash app customer support number ✴USA CANADA $#[email protected]#&#@",>>✴CUST⌚OME⌚R ⌛
In the last decade, digital payments have become very popular for facilitating quick and fast online money transfer. Cash App is one such app that has been offering the peer to peer money transfer services with features such as Cash app cards, direct deposits, and free money to users. But it is also infamous for so many common Cash App issues that users often come across.

Is there Any Cash App Support Number Present?
Unfortunately, the Cash App Support is very tepid and unresponsive and they do not provide a good experience to a lot of users.

There are many customers who often complain about the unprofessional response from the Cash App Support. Although there is no official Cash App Support number +1-310-929-1191 and it is causing a lot of troubles to users when they face issues such as transfer failed, Cash App login errors, direct deposit failed, cash card declined, account blocked or closed,

Apart from this users sometimes want to connect with the Cash App support phone number for general queries regarding cash app accounts. The cash card is one of such features which is very much in use; it works like any other debit card and used to make purchases or pay bills. Once customers receive this they seek help from the Cash App Support telephone number for activating the Cash App card, tracking an order, and sometimes to apply for payment dispute.In recent years there has been a spike of complaints about the Cash App account blocked, hacked, and even scammed by the fake Cash App Support. They pretend as the executive from the Cash App and try to resolve the cash app issues.

With this much disenchantment customers often become victims of the sham Cash App technical support number. So you should stay away from such mishappening and know that the only way to contact Cash App Support is through the app itself. There is no official number that connects you with a Cash App representative.

You should follow these easy-going steps for authentic Cash App customer support:
Cash App login: Login in for you Cash App account and select your Profile icon
In the Settings select Support: Scroll down and click on the Setting button to get the option “Cash App Support”
Choose Cash App issue: After this, you will see some options and prominent Cash App issues Account closed, refund failed, forget the password, etc. You can choose any issue that you are having and if this list does not consist of your concern then select the Something else button.
Request a Call from Cash App Support number: Once you are done with selecting the issues that you have then click on the “Contact Support” to request a call on your phone number.
Thereafter enter a short description explaining why you want to contact the Cash App support number and what is your Cash App issue, after entering these you can click on Continue. You can expect to get a response from the support team within 24 hours and if there is no reply then you should repeat the same process on the app unless there is any response

Cash App: Cash App is a mobile payment service that allows users to transfer money to one another, as well as invest in stocks and Bitcoin. The app icon is green with a white dollar sign in the center.

Square Point of Sale: Square Point of Sale is a mobile point of sale app that allows sellers to process payments, refunds, track inventory, send invoices, and much more. The app icon is white and gray with a square symbol in the center.

Looking to contact Cash App Support?
You can reach out to Cash App Support directly from the Cash App:

From the app, tap on your profile image and scroll to the bottom of the page.

Tap Support and review answers to common questions. If you’re not able to find your answer, tap Something Else.

Select your reason > Contact Support.

Contacting Cash App Support Without an Account
If you’re unable to sign in or don’t have a Cash App account, we still want to hear from you! You can request contact through cash.app/help.

If you select the instant transfer option, you will be charged a 1.5% of the total deposit amount to have the funds deposited to your bank account instantly. Deposits will arrive on your bank statement either with the prefix SQC* or with the name of the person who assigned you money.

Receiving Limit: none
You will be required to verify your name, your date of birth, and the last four digits of your SSN before you can receive over $1,000 in a time span of 30 days. After you confirm your account, there is no limit on the total amount of money you can receive on Cash app.

Cash App Customer service contacts
With some of the details covered above, you may still want to reach the customer care desk of square cash app. So, here are the phone number, email address and other important contact details of the company.

How to contact cash app from the app
Tap the visible profile icon on your Cash App home screen
Scroll down and then tap Cash Support
Tap Something Else o this screen
Scroll down to your issue
Tap Contact Support
How to request cash app customer service to contact you
Scroll down and then click Contact Support button
Login to your account
Navigate to your issue
Click on Contact Support
Cash app phone number
You can call cash app customer service via phone on 855-351-2274

How to merge account details
Tap on the profile icon on your Cash App home screen
Now Scroll down and then select Personal
Add any missing phone numbers or your email addresses
Can I cancel a payment process
The money transfer process is instantaneous and can’t be canceled. To get a reversal, you can use the contact details above or request the recipient to reverse using this process.

Tap the clock icon on their Cash App home screen
Select the wrong payment in question
Tap … icon
Select Refund
Press OK to confirm
submitted by kiltokarzu to u/kiltokarzu [link] [comments]

Cash app support number * 𝟏⥂𝟔𝟏𝟗-𝟑𝟗𝟑-𝟐𝟗𝟑𝟗 Customer support Number | Cash App Customer Service Number USA CA$#[email protected]#&#@",>>

Cash app support number * 𝟏⥂𝟔𝟏𝟗-𝟑𝟗𝟑-𝟐𝟗𝟑𝟗 Customer support Number | Cash App Customer Service Number USA CA$#[email protected]#&#@",>>
Cash app support number * 𝟏⥂𝟔𝟏𝟗-𝟑𝟗𝟑-𝟐𝟗𝟑𝟗 Customer support Number | Cash App Customer Service Number USA CA$#[email protected]#&#@",>>
Cash App: Cash App is a mobile payment service that allows users to transfer money to one another, as well as invest in stocks and Bitcoin. The app icon is green with a white dollar sign in the center.

Square Point of Sale: Square Point of Sale is a mobile point of sale app that allows sellers to process payments, refunds, track inventory, send invoices, and much more. The app icon is white and gray with a square symbol in the center.

Looking to contact Cash App Support?
You can reach out to Cash App Support directly from the Cash App:

From the app, tap on your profile image and scroll to the bottom of the page.

Tap Support and review answers to common questions. If you’re not able to find your answer, tap Something Else.

Select your reason > Contact Support.

Contacting Cash App Support Without an Account
If you’re unable to sign in or don’t have a Cash App account, we still want to hear from you! You can request contact through cash.app/help.



If you select the instant transfer option, you will be charged a 1.5% of the total deposit amount to have the funds deposited to your bank account instantly. Deposits will arrive on your bank statement either with the prefix SQC* or with the name of the person who assigned you money.

Receiving Limit: none
You will be required to verify your name, your date of birth, and the last four digits of your SSN before you can receive over $1,000 in a time span of 30 days. After you confirm your account, there is no limit on the total amount of money you can receive on Cash app.

Cash App Customer service contacts
With some of the details covered above, you may still want to reach the customer care desk of square cash app. So, here are the phone number, email address and other important contact details of the company.

How to contact cash app from the app
Tap the visible profile icon on your Cash App home screen
Scroll down and then tap Cash Support
Tap Something Else o this screen
Scroll down to your issue
Tap Contact Support
How to request cash app customer service to contact you
Scroll down and then click Contact Support button
Login to your account
Navigate to your issue
Click on Contact Support
Cash app phone number
You can call cash app customer service via phone on 855-351-2274

How to merge account details
Tap on the profile icon on your Cash App home screen
Now Scroll down and then select Personal
Add any missing phone numbers or your email addresses
Can I cancel a payment process
The money transfer process is instantaneous and can’t be canceled. To get a reversal, you can use the contact details above or request the recipient to reverse using this process.

Tap the clock icon on their Cash App home screen
Select the wrong payment in question
Tap … icon
Select Refund
Press OK to confirm
submitted by Severe-Push247 to u/Severe-Push247 [link] [comments]

Potential huge hint (Reason(s) behind Covid-19)

Morning everyone
So I was surfing GLP and I came across this thread from back in April 2020 so it's recent.
Guy claimed to be an "insider" of sorts left some potentially valuable information before the trolls and low iqs with attention span of a fly flooded his thread with bs flags and name calling.
He was addressing the purpose behind bullshit19 and said there are 3 outcomes for it I quote:
"OUTCOME 1:
The first is most likely, as most of the council seems to agree to it, and that is a phase-out of the pandemic by Summer. The stock market will reach 35,000 by election day in the U.S. and Bitcoin will reach $50,000.
No new currency is introduced and the US Dollar retains supremacy.
It will be an economic restoration unlike any seen in human history.
New vaccines are introduced, which will be yearly and target COVID-19 (which is fictional, of course). They will be mandatory.
We have been working on this particular vaccine, to be used for Outcome 1, for a very long time. Outcome 1's primary purpose is to introduce the vaccine in a way that it is accepted and welcomed by the world, and to allow us to grow richer.
I will not disclose the long-term purpose of the vaccine, at this time, or its effects.
OUTCOME 2:
We allow the pandemic to persist into late 2020, and a monetary reset occurs.
We have not decided if Trump will be reelected or not, in this scenario. Hillary Clinton may be placed in power, one of our most dedicated servants, who is due a great reward. (She is greatly in favor of this outcome, but has no voting power on our council.)
We will redistribute 22.7% of our wealth to 4.6 Billion people, through the issuance of a new worldwide currency. Each name and individual has already been chosen, though children under 18 will not receive these accounts.
We will also cancel all consumer debt worldwide, ban cryptocurrencies, and the ownership of gold, silver and other materials of value.
Not only will living standards rise, Americans in particular will enjoy new-found wealth.
As we control all market mechanisms, inflation and other issues will not be a concern. "A rising tide lifts all boats."
But there will be a cost to personal freedom and liberty, and that is an implantable microchip that must be accepted, if one is to receive the benefits of the new currency.
Those who do not consent to the microchip, will have to operate in a black market, in which we will employ authorities to aggressively monitor, target and imprison many who do not consent.
This will lead to a divided world, of haves and have-nots. Poverty and the 3rd world is eliminated, but the black market grows. Those who accept the chip will have no favor of those who do not, and we will see programs which encourage reporting, "snitching" and so on. You are already seeing this tested right now.
This outcome is favored by a few individuals on our council who have extra voting power. These individuals outrank me.
OUTCOME 3:
The pandemic ceases in late Summer, but at great economic cost. There is no recovery, and the world lurches through a severe depression. The Dow drops to 5,000, and Bitcoin reaches $180 USD and is rendered a "dead" technology.
Normality returns, to a degree, but there are shortages, by design, new restrictions, and severe economic struggles for the middle class.
During this time, a number of new laws are passed, designed to limit freedom. This occurs in governments around the world. The excuse for these laws is to stop any pandemic from happening again, new campaigns are released using slogans like, "Never Again" and "We Must Unite" and so on.
Through these campaigns, we gain consent to remove virtually all freedoms.
By late Winter, into 2021, a new pandemic is released, it is more severe than the last. It is a real bioweapon we have prepared, and leads to a substantial loss of life. It reduces the world's population by 1.9 Billion people in less than six months. The future is grim, and somewhat chaotic, and during this time, we use the pandemic to further tighten controls. Power outages, brownouts and Internet shortages become the "norm" (as you can see, we are already testing part of this scenario right now). Food is rationed.
Outcome 3, in particular, is favored by those on our council frustrated by the Internet and free speech.
(… if you were wondering, I favor Outcome 1 and I will vote for it and advocate for it.)"
So as of today if this info is correct it seems they're still testing the scenarios and didn't decide on one yet. Personally I think OUTCOME 1 will fail miserably as there's no way they're gonna convince the whole world to get vaccinated. Bill gates' sinister intentions that he can't hide on camera have become almost mainstream. Even people who aren't into conspiracies will not take a vax from a tech guy.
Though with the late talks of vaccines through Trump, Gates and the media, it may be possible that they may go for it or at least test the grounds to see what sort of reaction people will generate. If they do though I expect the sheep will be our true obstacle. People will enforce it on people to ride the wave. Just like with masks. I hope I'm wrong.
Outcome 2 I think will probably have a higher chance to succeed but there are many religious people who consider the microchip to be "the mark of the beast" and spread that info to each other to resist it. BUT take a look at this. "The Great Reset" posted by the World Economic Forum to evolve our economic model by early 2021." Either mass resistance or mass consideration between religious beliefs and dying from hunger.
Looking at Outcome 3 I say is the most likely to occur because the amount of censorship on the internet and the media is unprecedented.
He did say one thing that I agree with which was this whole shitshow is a simulation. Most of us found this info back in March and maybe even February. Event 201.
Also an overwhelming body of evidence emerged over time that the official narrative of bs19 was total well bs. You can find most of it here.
So there's simply no way in hell that it was accidental or done with no discernible purpose. It's a game.
Dude could be a larp but we shouldn't dismiss anything. Our consent is one of the things they strive for even subconsciously. That's the purpose behind predictive programming and "communications with the peasants through conspiracy theory forums". Let's be real he got called out from like 80% of people who engaged on his thread on fucking glp which is the natural habitat for loonies. What would you think would happen if he said that shit on facebook groups or bodybuilding forums.
We'll verify this info with time.
submitted by TranquilloByTheKilo to conspiracy [link] [comments]

What is yield farming in decentralized finance?

This is a pretty long but simple to understand post about the developments in the crypto space. It is meant for beginners to help them join the dots and see the larger picture of what cryptocurrency is about and its ongoing developments
What is Decentralized Finance?
Before we go into yield farming, let me first explain decentralized finance (defi) simply. Defi is considered by many to be a financial revolution that is true to the ethos of Bitcoin, which is to create a monetary system that allows the transfer of value peer to peer yet is not controlled or governed by a country or central bank.
While Bitcoin has been a great store of value as digital gold due to its decentralized nature, there is no team behind Bitcoin therefore there has been no further development in the technology. Hence the creation of Ethereum as a centralized platform that facilitates the growth of blockchain technology and projects that ultimately aims to fulfil the mission of defi.
Yield Farming
Yield farming is basically lending out your cryptocurrency onto defi lending platforms, providing liquidity for loans and being paid interest for it. Most bitcoin holders do this to squeeze extra interest out of their holdings rather than just letting their crypto sit in their wallets. On top of that, most banks today are paying only 0.1% interest for your deposits, whereas Compound is paying 2+% on USDC and USDT. While there are some additional risks introduced with defi lending, some people are comfortable with the added risks and returns.
Compound and Uniswap are the 2 largest defi lending platforms right now with the most Total Value Locked (TVL) contributing to more than 60% of the $2 billion locked in defi. What is interesting is the sudden explosion of TVL in defi contracts. TVL has doubled from $1 billion to $2 billion in less than a month, and this was largely due to Compound's huge growth in TVL from $100 million to over $600 million in a span of 1 week, 15 to 22 June. Within the week, Compound became the leader in the defi lending space.
This phenomenon was largely due to the fact that Compound is giving away its COMP tokens to its users, both depositors and borrowers, proportionally according to the amount that they have deposited or loaned. Which has never been done before, the fact that borrowers are receiving tokens for borrowing. This has led to many people borrowing their own deposits and repeating the cycle a few times to maximize the share of their COMP tokens received every day.
Brilliant and sustainable development or hype?
The key question we need to ask ourselves is if this large spike in TVL is brilliant tokenomics that has unveiled interest in defi and led to actual growth within the space, or is this a fad that will start to die off once the price of COMP tokens start falling?
My personal belief is that it is the former. This is because there has been much progress in terms of innovation within the defi space and the development of Ethereum 2.0. On top of that, new investors are buying into cryptocurrency every day. Institutional investors such as Paul Tudor Jones have about 2% of his assets in Bitcoin. His reasons for buying was that while bitcoin is extremely speculative, and ranks poorly as a store of value, having been around for 11 years only, its market price of $186 billion is a tiny fraction of the $266,917 billion stock and bonds market, which makes it an underpriced asset and a value investment.
Of course, I have a biased point of view that is pro-bitcoin and pro-defi, however, I believe that defi is the next development in the financial market that is in its early stages, and presents a huge step forward and opportunities for investors and people who are looking to grow their wealth.
submitted by applejeece to Switcheo [link] [comments]

Recessions, financial savings and retirement

If you're on reddit you're probably a millennial or gen z and you're likely gen 1 or gen 2. Most hmong parents arnt the most financially savvy people out there so I thought I'd post this in hopes that it helps some of yall out.
The current situation should be reality check that highlights 1 thing for our generation:
Have enough cash and investments to support yourself
If you're a millennial this is probably the 2nd major recession in your working career, all within the span of less than 15 years. If you're just entering the job market then prepare for losses, wage cuts, uncertainty and wage stagnation for perhaps years to come. Recovery will happen, but unlike the stock market the economy usually lags.
  1. Save enough cash to support yourself - 3 months minimum
Savings: At a minimum you should have enough cash to cover 3 months of costs in case of job loss. However, this is really the minimum you should strive for before thinking about investments. I'm personally more comfortable with 5-6 months of expenses and even more if you own a house.
  1. 401k, HSA There are probably more plans out there but these are the two most common. You should be maximizing your contributions up to whatever the company match is. If you're young and healthy, you may want to think about actively managing both and changing the funds to support higher growth.
401k: Contribute up to the company match. 401k is funded by pretax money and the company match is all free money. If you dont think you can or have the time to beat the match, then leverage 401ks to the maximum. Don't have enough to contribute? Each raise you earn increase your 401k contribution to whatever your raise is. Should you contribute the yearly maximum? It depends on the match and if it's worthwhile. 401ks are a money jail so it's not worth-while to simply invest more if it does not earn you additional match money. There are better ways to invest your money.
Which fund should you choose? Again if you're on the younger side, you should probably be in 90% or more in stocks.
HSA: If you're young and/or healthy then you will want to maximize you're HSA contributions. This money is yours forever and often comes with a company match. After meeting the minimum account balance you can invest any additional contributions, just like your 401k.
You'll always have both accounts and the government has made it clear that they will waive penalties for withdrawals in cases of crisis like covid.
  1. Roth IRA and Brokage accounts
Fully vested in 401k and HSA? Roth IRA and brokage accounts may be what you're looking for. Both Roth IRA and brokage accounts allows you to invest in individual stocks. What's the difference? Roth IRA gains are tax free but you arnt allowed to withdraw gains without paying a penalty and taxes until you reach retirement age. You can still pull out what you contribute at any time. A brokage account allows you to pull your gains and contributions out at any time, but any gain on any sale is subject to tax, regardless if you withdraw from your account or not.
The general advice is if you're investing for retirement, go with a roth ira and contribute the maximum you can each year, then fund your brokage account with any extra. If you're investing to gamble or to try and earn extra cash, a brokage account gives you more flexibility on managing your earnings.
I use my Roth IRA as a second savings accounts and invest when I see good entry points. Roth gives me liquidity while also being able to invest, compared to a 401k.
The market will only grow, maybe not in the short term with the whole covid recession, but better believe it will in the long term.
  1. FIRE: Financial Independence, Retire Early.
You may have heard of FIRE, but the essence is to become Financially independent and retire early. I'm not a big fan of the following it exactly but I am a fan of being Financially independent enough to not worry about what I choose for work. But if you live FIRE, more power to you.
The single biggest costs for most people are their homes. If you can pay off your home early then a large financial burden has been taken care and while you may not be financial independent you will have an extremely large amount of flexibility. If you want to work at Costco, you can! That's what being financially flexible affords you.
  1. Real estate and Land
Yes, some people make bank flipping and renting. But profiting from a flip is estimated to be harder and harder with home prices where they are today. I dont have any expertise here beside just beginning to dive into the indusrty but from what I hear from my builder, realtor and flipping people is that we are expecting a down turn in home prices in the 2nd half of the year if covid continues to decimate the economy. Low interest rates however may offset some of this in the short term. Right now it's still a sellers market but high end houses are sitting.
  1. Credit cards
Points, points, points..seriously there's no other way to buy than with a credit card, not even mentioning security benefits. Cash, debit cards, PayPal, bitcoin, all worthless when compared to credit cards. Use credit cards to pay for everything you can.
If you're not disciplined enough, don't open cards to every department store either, you're get a credit hit if your credit is accessed too often and it becomes difficult to manage after too many cards.
Look at cards that provide the most points for your dollar. Cards that allow you to transfer points to partners often yield even more savings, especiallyon things like travel. Chase cards are great and Freedom is a great first card to have.
The key to credit cards is not to spend what you dont have and to pay off the STATEMENT BALANCE every month. To avoid interests, you need only pay off the STATEMENT BALANCE and not the full balance every month. Never take credit card loans or get into credit card debt, it's going to be a bad time.
  1. Pay off debt
There's always a fine line between investing and paying off debt. The debt we're talking about here is debt with relatively low interest rates like student loans, car loans and homes. Anything debt with high rates, like credit card debt, should be paid off immediately.
The general rule of thumb is if you can make more investing than the interest rates of the loans, invest, else pay off debt. But, investing involves risk while paying off debt is a sure thing. There's also the emotional factor. Some people don't care about debt because they want to be working their entire lives and are willing to pay it off over the long term, and that's perfectly fine. In that case, invest invest invest. Personally i think there is a balance, I rather be debt free and financially flexible than be straddled with debt.
To pay off debt, one of the most popular methods is the snow ball method. The essence of the theory is to pay off the highest interest debt off first. Once paid off, while keeping the payments the same, tackle the next highest interest debt and so on so forth. Eventually you are paying off more and more with the same payments, hence the snow ball effect. Google it for more precise definitions.
  1. Travel, hobbies and enjoying life
Seriously, enjoy your youth, health and life while it's good. Nobody wants to work and save until 65 before you start traveling and enjoying life. Traveling is one of the best things you can do. Having hobbies makes work worthwhile. Good health is worth more than all the cash in the world.
  1. Gambling and options
I dont recommend either, but if you're a gambling man, play options over penny stocks and always double down on 9 or 11...maybe. Just don't bet what you're not willing to lose, and for the love of all that is holy, dont gamble on margin. Disable that shit.
You already know all this stuff? Awesome! Help out and contribute.
Questions? Post.
Wrong Facts? Always looking to learn.
Tldr: Save, invest and pay off debt. Also enjoy life, health and youth while you have them.
submitted by Dick_sporting_good to Hmong [link] [comments]

The World is F'ed . This former Goldman Sachs fund manager suggest allocating 25% in Bitcoin

[It is behind the pay wall : https://www.businessinsider.com/why-coronavirus-stock-market-crash-historic-not-finished-raoul-pal-2020-4]

So copy / paste :

"The whole world's f---ed."
That's what Raoul Pal, the former hedge-fund manager who founded Real Vision, said on the "Lindzanity" podcast when he initially learned the coronavirus was uncontrolled and spreading rapidly.
"The moment the spread hit Iran ... and then Italy — that all happened over the span of three or four days — I was like: 'time to panic before everybody else,'" he said. "It's human behavior function. If the Chinese closed every single border and every city, everybody's going to do it."
To bring you up to speed, Pal retired at 36 after quitting jobs at Goldman Sachs and GLG Partners. He lives comfortably on a 140-person island in the Cayman Islands and spends his days writing market research, which comes with a hefty price tag of $40,000 per year.
"I said: 'Listen, this is the biggest economic event of all of our lifetimes — and it's coming'" he added. "And that was, in retrospect, the greatest call I've ever had."
But this isn't the first time Pal's nailed a prescient call. Back in October, he said the Federal Reserve needed to cut interest rates to zero and warned of negative interest rates in the US, both of which have materialized.
What's more, as the market was topping out in late February, Pal expressed his affinity for owning bonds — a trade that would've immensely rewarded investors who took his advice. He also warned that the implications from the coronavirus would be "meaningful and real."
That was before things really started to fall apart.
Today, Pal thinks the coronavirus will cause "the largest insolvency event in all history." And given his track record as of late, that's not reassuring.
"I think the balance of probabilities are that this is a much longer event — in terms of economic impacts — than anybody is pricing in," he said. "I think it's a huge societal change that's coming from all of this."
To Pal, the duration of the fallout stemming from the coronavirus is the key factor here — one that he thinks investors aren't paying enough attention to. In his mind, those who are a projecting sharp V-shaped recovery in the third and forth quarter are incorrect in their assumptions.
"Isolation is going to be a real event for a significant period of time," he said. "You've got a world that's going to be much more closed, and that's leading to complications in supply chains."
He added: "It makes people become more local."
Pal's prognostication echos that of billionaire "bond king" Jeffrey Gundlach. In a DoubleLine webcast earlier this week, Gundlach said "we're going to be getting much more, less-connected to globalization" and "we're going to be bringing manufacturing back and thinking about things in very different ways."
But the changes that Pal and Gundlach highlight don't happen overnight, which is why Pal thinks the fallout could worsen. Every day that the pandemic drags on is one less day without production and consumption. Then that, in turn, heightens bankruptcy risk.
With all of that under consideration, here's how Pal is positioning his portfolio to weather a deeper equity rout. Ideally, he'd like to get to the allocation below.

"So I'm now in the point of thinking we've got another 20% downside or so to come before we get the 3-, 4-month bounce of hope," he said. "For the average guy, this is a very, very, very difficult world we're going to go into — and I can't sugarcoat it because there is no nice answer."
submitted by mqrasi to Bitcoin [link] [comments]

On the merits of not sweating the small stuff

TLDR: Unless you’re a day trader, it’s unhealthy to pay close attention to minor market movements. Consider investing time, energy and attention span into your health, skills, hobbies or various aspects of the ecosystem by participating in the test-nets, getting ready to stake or advocating for Ethereum in a constructive (non-Maxi, positive, patient) manner.
A substantial amount of posts in the daily seem to be reacting to or bemoaning small scale jitters.
Anything below 30% in either direction is negligible if you’re operating on the assumptions that:
If you don’t share these assumptions & the implicit conclusion that we’ll see substantial (10x) price appreciation in the next 24 months or so, fair enough. Perhaps it'd be a good idea to self-label posts with “SHORT TERM" or "TRADING.”
But if you do share these assumptions, little of the daily churn is worth brain or emotional cycles.
I read a fair amount of hand-wringing over the BTC ratio, lack of appreciation after encouraging news or speculation. These sentiments strike me as un-productive.
None of this is meant to chastise or gate-keep. Everybody is entitled to post what they feel like, and we all make choices what we ready & engage with. Please don't feel attacked if you recognize bits of yourself in the previous paragraphs.
I’m simply suggesting that it might be beneficial to re-allocate our attention spans.
Good luck & godspeed!
Previously:
submitted by thrw2534122019 to ethfinance [link] [comments]

Bitcoin ROI Increases With 3,500% Compared To Traditional Assets Amid Bullish Lookout

Bitcoin ROI Increases With 3,500% Compared To Traditional Assets Amid Bullish Lookout

The Return-On-Investment For Bitcoin Surpasses The Performance Of Traditional Assets 70 Times In Times When BTC Is Anticipated To Pass The $10,000 Line
Blockchain analyst Justinas Baltrusaitis stated that Bitcoin’s investment returns from June 26, 2015, to June 26, 2020, have increased with over 3,500%, which outperforms the traditional market performance over seventy times.
Baltrusaitis published his report on Buy Shares, citing that the biggest cryptocurrency to date managed to gain over 70 times the performance of major indices like Dow Jones, S&P 500, Nikkei, Nasdaq, and Financial Times Stock Exchange 100 (FTSE 100).
“During the five-year span of the report, Bitcoin recorded a 3,456.98% return on investment. In June 2015, the price per Bitcoin sat at $257.06, while five years later it rose to $,143.58. On the other hand, major indices marked an average ROI value of 49.27%”, Baltrusaitis noted.
Source: Buyshares
For instance, FTSE 100 stayed in red, with a 6.96% ROI decline, while Nikkei rose with 11.94%, Dow Jones marked a 42.16% ROI increase, S&P 500 is slightly in front of Dow Jones with 46.23%. Nasdaq marked the highest five-year ROI, with 96.77%.
Baltrusaitis clarified that ROI is calculated with a base price when crypto holders bought Bitcoin, compared to current prices. Any Bitcoin purchases before December 2017 should see massive ROI gains.” Baltrusaitis added.
According to the crypto analyst, regulations and the recent coronavirus pandemic may have impacted the ROI scores. Also, Baltrusaitis emphasized on how users now perceive Bitcoin “as a store of value, rather than a speculative asset, especially amid the most recent stock market crash.
“Over the past five years, Bitcoin faced increasing popularity, mostly due to its maiden cryptocurrency status in the eyes of crypto newcomers. These factors largely contributed to Bitcoin’s high return on investment. However, the ROI comes despite the widespread opinion Bitcoin and crypto holding involve a high degree of risk.” Baltrusaitis concluded.
On the other hand, as CryptoBrowser reported, there is a substantial correlation between the prices of Bitcoin and traditional stock markets in the face of the S&P 500. Any price volatility in the traditional sector may cause Bitcoin’s price to peak or dip, just like in the March market wipeout.
Source: CryptoBrowser
Meanwhile, Bitcoin bulls still stay shy of pushing, as the price per BTC stays around $9,200, which is below its 20-day Moving Average. If bulls are to to flip the $9,200–$9,500 resistance zone this could clear the path for Bitcoin to reach $10,000. The current situation, however, implies that if Bitcoin can’t support a close of over $10,400, its price may tumble to the $8,800 support zone.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Bitcoin is Golden.

Bitcoin is Golden.
Blatant price guessing here, based on the golden ratio:

(log price)
Approximate previous highs: $32, $1000, $20K.
Approximate ratios (first derivative): 33 (1000/32) and 20 (20K/1000).
Approximate second derivative: 33/20 = 1/1.6 (or 1/phi for idiots like me).
If this holds, the next first derivative will be 20/1.6 = 12.5.
Then $20K x 12.5 = $250K.

(linear time)
Approximate dates of previous highs: May2011, Dec2013, Dec2017.
Approximate time spans between: 2.5yr, 4yr.
Approximate ratio: 1.6 (phi, or close enough lol).
If this holds, 4yr x 1.6 = 6.4yr
Dec2017 + 6.4yr = Apr2024, a few months before the next expected halving.

If this is true, the next top should be around $250K around Apr2024, violating expectations for that halving just like this one lol. (Personally, I think the top will likely be closer to the halving, but still before it. Possible reasons for this, beside the obvious, include the fact that the cryptomarket peak was a few weeks after the bitcoin peak - relative local market forces could cause the date to be other than the expected - and the fact that 1.6 is less than actual phi, lol.)

Just a guess: Smart money will "sell the news" at the time of the next halving, liquidating all the retail FOMO longs that anticipate the halving and the increase in the stock-to-flow ratio. Those liquidations will crash the market, eventually resulting in a relatively shallow bottoming in 2026 of around $20K, at which point the next halving will result in market action much like 2016-2017. The golden cycles of a natural market and the fixed 4 year cycles of bitcoin halvings are fundamentally at odds with each other, as are the dramatic changes in bitcoin due to the halvings. In nature, such disagreeing cycles find resonant behaviors that allow different parts to occasionally line up even while they are dissonant and chaotic at other times (think planetary orbits, lol). It is likely that, if bitcoin survives and remains dominant, such resonances will become common and studied, while it is similarly likely that if the cryptomarket in general survives and remains relevant, similar frequencies, along with a much great set of market golden cycles, will become fundamental to longterm market structure.

imho



PS, if the pattern above holds, which it is unlikely to do given so many competing currencies, bitcoin will next peak at $1.9M in Jul2034 (leaving it far below the expected stock-to-flow "fair value" at that point). But again, such massive golden cycles are much more likely to be much more relevant for the cryptocurrency market cap as whole than for bitcoin alone over such large and chaos-promoting time spans. And again, imho.

PPS, I think we will see a mini-peak sometime in 2022 between $40K and $90K, followed by the aforementioned top, somewhat like a spread out version of what happened in 2013. Alternatively, we may see two mini peaks, one in 2021 around $20-25K, with another bouncing off both $100K and the "fair value" line in Dec2022-Mar2023.

PPPS, this all assumes we don't see some crazy supercycle low sub-$1K (maybe $500-700 or $2100-2700 Oct2020-Apr2021), which while not necessarily invalidating the predictive utility of natural cycles and resonances like phi, may invalidate all specified date and price targets. lol

PPPPS, there are two major conflicting factors moderating these predictions (guesses, lol):

The first is relatively positive - that the 2014 bear market was exaggerated and lengthened due to the severity of Mt. Gox fiasco's effects on the market, thus potentially also taking the wind out of the 2017 bull market (hard to believe, I know, but the top probably should have been a bit over $30K (assumign the $+1K top in 2013 was correct)). And thus, this bull market may be relatively more powerful and faster than otherwise expected, evidenced in part by the (so far) relatively short duration of the bear market.

The second factor is negative and significant, which is that the growth of bitcoin and the crypto market will lie on a curve resembling in some sense a logistic, namely that there's a limit to the number of people on earth, and the more people that adopt the fewer there will be that haven't, and the harder and more reticent the remaining group will be relative to previous converts (even as that reticence is of course competed with by seeing wider adoption occurring, lol). This and related factors will cause bitcoin's growth curve to decrease it's slope and growth derivatives in all frames. imho. If that growth deviates enough, it will eventually pierce every projected support among moving averages and those big log/quadratic curves everyone uses to project major tops and bottoms.

PPPPPS, yah, this is partially here because I despise tradingview lmao



TL;DR: $250K in Apr2024

submitted by diadlep to Bitcoin [link] [comments]

The dark side of FIRE that almost broke me

When I was at university, my perception of happiness was based on graduating and quitting my "shitty" job at the local supermarket.
When I started my corporate career, I found the FIRE movement, so that perception shifted to wanting to grow my bank account and retire early to work on my side hustle.

When I did FIRE, I was so miserable, it almost broke my spirit.

First I want to extend a big thank you to this community. I have learned so much from here. There are some threads on here where I have read the replies so many times that I almost know them by heart ;)
I achieved my FI by
1.Having a high paid corporate job I managed to climb up the corporate ladder in a relatively short time span not because I was so skilled at what I do, but because I have always worked on my social skills. (no that doesn't mean that I sold my ass lol)
2.Investing I started with a term deposit account then bought gold, then index funds, then individual stocks. The usual except that I also sold stock options which paid me handsomely.
3.Always having a second source of income from a plethora of side hustles that I had started over the years. - Dropshipping was the most consistent business I owned. - Day trading bitcoin was the most profitable.
4.Frugality: This is where my views diverge a little from the common dogma. I just chose not to waste my best years pinching pennies and not doing the things that I want (not necessarily need) to do. Not material things but more experiences. As an example, travelling has literally changed me as a human being and my net worth could have been a lot bigger without travelling every single year, but I believe that travelling when young is very different than when I have settled down and/or matured.
My Story
Early 2016, although my net worth by most calculators out there told me that I have to work for at least a few more years before I make these calculators happy, I decided that my safety net is large enough to retire and I am capable of making my side hustle at the very least cover my expenses. So I quit my job.
The mornings feel so damn different when you are not a corporate slave. Everything seemed more enjoyable from getting coffee in the morning to taking random walks during the day. I started to enjoy my interactions with others so much more. Maybe the facade of the corporate world had trivialised the small things for me.
Leaving my corporate job was no excuse for being lazy. I was working 14 hour days on growing my e-com business. and it was definitely paying off. I was either behind a computer screen, at the gym, or with my girlfriend.
Around 3 weeks in, I started talking to walls as all my friends were at work during the day and I started feeling some loneliness.
I found a job at a local gym. 3 nights a weeks. Working at a gym is something that I have always had on my bucket list. I loved it. It kept me sane.
I started having what Financial Samurai calls an identity crisis. I was good at my job, financially stable. I consider myself a very confident individual. But I hadn’t realised that most of my sense of self worth was tied to my job. Now that it was gone and everyone around me including my girlfriend were still at work. My self esteem started to suffer.
The gym closed. Now my loneliness was exacerbated. Combine that with a fluttering self esteem. My relationship started to suffer. I broke up with my girlfriend at the time, 4 months after quitting work. I've had many break ups, but I still carry the deep scar of this one as it represented more than a breakup. It represented the collapse my identity that I had built over the years. Viktor Frankl's A man's search for meaning describes this perfectly. I lost my purpose. Now severe depression set in. I cannot describe to you how debilitating that was. I didn't want to do anything. I literally felt that there was an invisible door stopping me from leaving my room, let alone the house. Stopped answering calls let alone talking to other human beings. I didn't even know what day it was and I didn't care. I was prescribed antidepressants and Valium. I refused the antidepressants and on a whim,pushed by my siblings, decided to travel ,alone, for the first time in my life.
A silent retreat in India. Bungee jumping in a dodgy place in Thailand. Learning meditation and yoga. Scuba diving. Catching up with childhood friends and family members across different countries. I started feeling better. So much better very quickly.
Then I went to Bali. I wanted to live the "nomad" lifestyle, so I signed up at Hubud and the Dojo (2 renown coworking spaces in the digital nomad community)
This was life changing. One the best experiences in my life. I felt a sense of belonging to a tribe of like minded people. I was so motivated to work because the energy around me was contagious. I closed my e-com store (too many negative emotions attached to it) and started leverage trading bitcoin (on Bitmex). I bought all kinda courses, joined paid groups, newsletters and it did pay off... I was averaging $200-$300 days which is incredible for a noob. Imagine waking up, meeting up with friends for breakfast at the beach, going to the co-working space, making money, then having fun at night with your friends. You know that picture marketers paint in our heads of some dude running a business from his laptop at the beach? That's real.
Then comes the wake up call. I quickly noticed that people come and go. I would develop friendships (even a great relationship) then a few weeks later, my new found friends would go back home and I'd have to start from scratch. Then the novelty of working from the beach and not answering to a boss started to lose its meaning. Also, the visa run wasn't my favorite thing to do.
At that crossroad, I had a call from a recruiter who had worked with me in the past, about a new alluring opportunity.
My decision was based on this: I can always go back to FIRE but the longer I stay out of the workforce the harder it will be to find a job.
So I went back to the corporate world. This is not the end of my story as I know that office work will never be a long term option for me. But I had to retreat and regroup for now….
I am as usual working on a side hustle - I am still trading options.
Lessons learned
*I didn’t realise this at the time, but for me now, the end goal of FI isn't necessarily early retirement...but a sense of freedom. I can quit whenever I want which makes work a lot less stressful. Hell, I enjoy my work a lot more now just knowing that.
*Early retirement is still on the agenda, but I will not do it alone. I will make sure that I have a better support system (a business partner / a spouse on the same journey / a team).
*Loneliness is a bitch. I know that there are many introverts like me amongst you, but social isolation can literally KILL you based on multiple studies like https://heart.bmj.com/content/102/13/1009
*When you shift your paradigm, be psychologically prepared to conquer your demons and centre your self identity. You are not your net worth. You are not your job.
*I understand the gravity of mental diseases a lot more now and I have a massive amount of empathy towards people who suffer from them.
*Oh, and I have zero regrets. If I were to do it all over again, I wouldn't change a thing. I am grateful for the opportunity to fail and learn from my mistakes.
Thank you for reading!
submitted by HenrySav to financialindependence [link] [comments]

Assets/Markets

Binomo boasts more than 50 different assets for their traders to utilise, in addition to spanning across several markets to provide their customers with a flexible and versatile range of different options to pick from.
In comparison to more specialised trading platforms, this greater range can be advantageous to traders looking to dabble in different markets or try out different assets.
While Binomo only offers High/Low trading contracts, this is more than made up for with the range of assets on offer.
The following are some of the current options available to those looking to trade on Binomo:
By offering a broad choice of different assets and options to traders, Binomo ensures its services are suitable for a more comprehensive range of traders, especially when it comes to highly-valued stocks and currency pairs – which many other trading platforms don’t offer alongside more standard commodities or currency pairs.
The cryptocurrency range that Binomo offers is one of the areas it lacks in, with only Bitcoin, Litecoin and CRYPTO IDX on offer.
submitted by Binomos to u/Binomos [link] [comments]

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain
There is not going to be one blockchain to rule them all, each have their own advantages and disadvantages. Interoperability is key to unlocking the true potential of blockchain, where it will have a profound effect across all industries, creating a secure, trusted and hyper-connected world.
The rise of The Networks of Networks, interconnecting all DLT Networks, existing off-chain networks and even the Internet itself. Where true, scalable interoperability can be achieved without requiring connected chains to fork their code and imposing limitations, without the overhead, bottleneck and single point of failure of adding another blockchain in the middle. Where it will be quick, easy and free to participate.
It’s time to stop the childish tribalism that’s plagued this space for so long and realise the bigger picture. Tribes fighting amongst themselves over a tiny insignificant island where there is a whole world out there to conquer if they work together. A rising tide lifts all boats and with the birth of The Network of Networks all connected projects can benefit from the efforts of each other, to usher in Mass adoption of Blockchain.
https://preview.redd.it/wlwj7pmmyoi41.png?width=683&format=png&auto=webp&s=34918b25c8ef6303fc5579666352e8c8c52c4835
In this article I will discuss the foundations that are being laid in preparation for the release of Overledger Network, The Network of Networks to make all of this possible and to unleash the true potential of blockchain with a secure, hyper-connected decentralised ecosystem. Table of Contents:
  1. Overledger SDK Update
  2. Standards
  3. Security
  4. Regulation
  5. Overledger Network
  6. The Five Ingredients of Interoperability
  7. Connecting Blockchain and Non-DLT Applications / Networks to Overledger
  8. Connecting the Internet directly to blockchain
  9. Join your favourite Blockchain project to the Overledger Network Ecosystem

Overledger SDK Update

Quant have just released their Overledger SDK update which has enabled standardisation of objects to abstract and simplify how to interact with different types of blockchains (UXTO and Account-based) in a common model. As well as the ability to directly deploy, invoke and query smart contracts directly through Overledger. I strongly recommend reading the teams Overledger SDK Update which explains it in more detail and includes example use cases of how Overledger is being used and the benefits it brings. Dr Luke Riley also did a fantastic job providing an in-depth demo of the Overledger SDK Update via Video as well.
https://youtu.be/PbpaZpe4mTQ

“This update sets the foundations to build the ecosystem for Overleger Network, allowing stakeholders other than Quant to write any type (DLT and non-DLT) Overledger connectors and sets up the ecosystem with multiple entry points for Overledger Gateways. These updates open up the integration capabilities of Overledger to 3rd parties and create the foundations for the Overledger Network”

Standards

“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” — Acting ISO Secretary-General Kevin McKinley
The foundations need to align with internationally recognised standards as they play a crucial role in ensuring interoperability with new and existing technology and validates a product meets the best practices / regulation required to ensure Enterprises remains in compliance. CEO of Quant, Gilbert Verdian, founded the ISO TC 307 standard covering blockchain as a whole, which 56 countries are working towards today.
Countries involved with ISO TC 307 — https://www.iso.org/committee/6266604.html?view=participation
Gilbert Verdian is the chairman for the ISO TC 307 working group for interoperability of blockchain and distributed ledger technology systems as well as being chairman for Blockchain and Distributed Ledger Technology for BSI (British Standards Institution) which represent the UK and includes companies such as Quant, IBM, Microsoft, HSBC, BAE Systems, Huawei as well as a number of UK Government bodies such as BEIS — Department for Business, Energy & Industrial Strategy, Defence Science and Technology and the National Cyber Security Centre.
The standardisation updates to the Overledger SDK aligns with the work in ISO TC 307 and academic work from Dr Paolo Tasca and Dr Claudio Tessone to provide users with a clear distributed ledger data standard. This will enable everyone to easily create connectors in a standard way, facilitating interoperability with all of the connected blockchains / non-DLT networks that are already connected to Overledger through Overledger Gateways.

Security

Cybersecurity is in Quant’s DNA. The team have a rich heritage of working for Governments, banks and industry for over 20 years protecting organisations and people from security threats. Before Quant, Gilbert Verdian was the Chief Information Security Officer for Vocalink (Mastercard) where he was in charge of security for the entire payments infrastructure in the UK (£6 Trillion per year).
Gilbert has led a team determined to take security to another level, protecting a critical part of the UK’s infrastructure, protecting UK citizens and businesses from fraud and risk and, by extension, allowing them to live as they want to. Under Gilbert’s guidance, Vocalink security is not merely best-in-class, but setting a new standard. — https://connect.vocalink.com/2017/july/a-winning-streak/
In addition to Quant being selected as a Guarantor for Pay.UK, Gilbert has also been appointed to the Cybersecurity Advisory Board (Pay.UK is the UK’s leading retail payments authority and runs the UK’s retail payments operations, which includes Bacs, Faster Payments and Cheques.)
The pillars of security are Confidentiality, Integrity and Availability. As such, they have used their experience in running payment and financial infrastructure and critical national infrastructure for nations and embedded these principles into every aspect of Overledger.

Regulation

Regulation is playing an ever increasing role for blockchain. Standards and Security naturally complement and help define regulation. The verticals Quant are involved in with regards to regulation span the globe. Gilbert helped shape the conversation about consumer data protection rights during his time as CISO of NSW Health, and is continuing to serve as a cornerstone for policy within the adoption of blockchain in public infrastructure. Quant serves as a founding member of INATBA (The International Association of Trusted Blockchain Applications), which is the formal governing body of the European Blockchain Partnership, all of which is overseen in Brussels by the EU. More locally, Gilbert and team are in consistent contact with the House of Lords within the UK, and advises the FCA in matters regarding cryptoassets.
https://preview.redd.it/9eynt6jpyoi41.png?width=735&format=png&auto=webp&s=c6073e7717ece1c8b878e02e34c9e359e3282fd7
As recently seen in the SDK update, Overledger can serve as a key component of automatic compliance of governance bodies’ financial regulation, shown here by an Overledger instance reporting to the BoE’s Prudential Regulation Authority. Project BARAC, stewarded by University College London, is a project examining the impact Automatic Regulation as administered by Blockchain can have on the Federal Government. Most notably, the FCA and R3, the developers of Corda, are involved here. Gilbert’s recent engagements with the Federal Reserve Bank of Boston also seem to revolve around this very topic, with the Boston Fed pilot-testing a Supervisor Node for automatic regulatory compliance. While at P2PFISY 2019, it was noted by Gilbert that Raphael Auer’s “Regulation Automata” aligns very well with the vision of Overledger, with Paolo Tasca, former CSO of Quant, more recently co-hosting a recent blockchain panel with him. Raphael’s ideas will most likely be taken into consideration by the BIS, as they recently announced a trial of a 6 central banks collaboration centered around exploring CBDC, and are in the early stages of installing Innovation Hubs in Hong Kong, Switzerland, and Singapore.
Gilbert Verdian with Guy Dietrich (Managing Director at Rockefeller Capital who is also on the Board at Quant) attending a meeting with the Financial Conduct Authority

Overledger Network

https://preview.redd.it/1wgbdybryoi41.png?width=1684&format=png&auto=webp&s=baf87b413947a19e745fcd859c0706a1cf8570b2
The Overledger Network is a network of networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem. Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies. Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains. The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with.
As per the example use case in the recent update a Bank can run an Overledger Gateway to provide access to the various consortiums hosted on a variety of blockchains including Corda, Hyperledger Fabric and JP Morgan’s Quorum as well as access to the legacy / non-DLT platforms. Should they want to utilise a public blockchain as well in a hybrid scenario then they also have the option of using a Overledger Gateway hosted by a community member.
https://preview.redd.it/veb0q18syoi41.png?width=1096&format=png&auto=webp&s=c8ea3bedd09e16e548c6da938d50f3b245e18ac6

https://preview.redd.it/r9j1v04tyoi41.png?width=1252&format=png&auto=webp&s=ae9cc70a01f6360550d7f1f00e046d9b801b89a1
The Overledger Gateways contain several layers which we will explore some of their features below:

Overledger Operating System

https://preview.redd.it/9v7rxtmvyoi41.png?width=1197&format=png&auto=webp&s=01c9d6e0a73f595283e3cebeb45b5a6bf484d94d
Overledger allows connection to any blockchain / DAG as well as easily integrating with existing non-DLT environments. It does this without adding the overhead of yet another blockchain / consensus in the middle, ensuring that it’s scalable and doesn’t contain a single point of failure. Nor does it require the connected blockchains to fork their code to integrate and place restrictions on what can be implemented going forward. All of this is done in a secure, trustless manner where transactions are signed and encrypted client side so the contents can’t be viewed / modified as they pass through Overledger. It currently connects all of the leading permissioned and permissionless blockchains used by enterprises today. This article explains the differences between other interoperability solutions and the benefits of Quant’s approach

The Five Ingredients of Interoperability:

Recently there was an interoperability webinar with Fintech connect with speakers such as R3’s CTO Richard Gendal Brown, along with representatives from the Bank of England, Deutsche Boerse, Nasdaq, ArchaxEx and SwissRe. Richard Gendal Brown from R3 wrote about the Five key Ingredients of Interoperability:
https://preview.redd.it/18e9wwq7zoi41.png?width=2356&format=png&auto=webp&s=537b2e70139bb0e70fcd615c497541fc89bba97f
  1. INTEGRATE with existing business systems — Businesses aren’t going to replace their existing applications for new blockchain ones, they need to integrate with their existing systems.
  2. INITIATE Payments on existing rails or blockchain rails — Needs to be able to make a payment / settlement using a wide variety of existing payment rails (off chain) as well as blockchain rails, ensuring delivery vs payment can be achieved with certainty that they have happened.
  3. INTERCHAIN applications and smart contracts that can be deployed / executed across protocols — Enabling a solution built on Corda such as Marco Polo to easily connect to a solution on another platform such as Vakt on Ethereum or CargoSmart on Hyperledger Fabric etc
  4. INTRACHAIN applications that benefit from value add of same underlying protocol — What happens when networks such as Marco Polo and Contour both running on Corda want to interoperate and the additional value and benefit that can be achieved.
  5. INTERCHANGE applications to switch platforms — What happens if you want to interchange one platform for another. Can you achieve that holy grail of interoperability by being able to be completely agnostic to the underlying platform?
Overledger meets all of these key ingredients in performing interoperability. Overledger enables existing business systems to benefit from blockchain connectivity by adding as little as 3 lines of code to their existing applications. No need to completely rewrite / replace their existing systems and all done in the most common programming languages such as Java and JavaScript.
https://preview.redd.it/7jqjt9v8zoi41.png?width=1127&format=png&auto=webp&s=6f40c1ae463d76c6c6b46a9e716e544e06ef3cd4
At QuantX in December they announced Overledger Interchange which enables settlement on a variety of existing non-dlt payment rails such as Faster Payments, BACS, CHAPS, SEPA, SWIFT as well as on DLT payment rails such as with Central Bank Digital Currencies, Stablecoins and XRP. It also facilitates Cross Chain Atomic Swaps using Hash Time Locked Contracts ensuring Delivery vs Payment is achieved. Interchange is at the centre of the discussions Quant has had with traditional exchanges in capital markets and central banks and is a technology financial services have been missing and was built it address client needs.
Overledger enables interoperability within the same ecosystem such as Corda DAPP to another Corda DAPP etc as well as interoperability between any of the connected permissionless and permissioned blockchains.
Quants blockchain agnostic Operating System enables users to benefit from using the best features from different chains in combination and migrate between them, preventing Vendor or Tech Lock in without having to completely rewrite existing applications, achieving the holy grail of interoperability. It enables developers to quickly test a variety of connected blockchains in a sandbox environment to see which is best suited for their requirements, starting with just 3 lines of code.

Transactions Services Layer

https://preview.redd.it/xfthwuz9zoi41.png?width=771&format=png&auto=webp&s=8721b0ae8cff0d8aa11a484ac0ac842e700def0a
The Transaction Services layer handles more complex features of Overledger. Allowing for applications to request services such as cross-chain atomic swaps, treaty contracts (Multi Chain Smart Contracts as well as enabling smart contract functionality even on blockchains that don’t support smart contracts natively such as Bitcoin) and transaction brokering (using heuristic analysis to determine which method is the fastest / cheapest out of the various payment rails)

Financial Services Layer

https://preview.redd.it/4zgt0umazoi41.png?width=740&format=png&auto=webp&s=49a840532d70740a77c00901aafd047311b84229
Financial services features can be called upon by participants and applications to use crosschain and cross-platform. Financial Services specific use cases can use the features in Overledger to operate across networks. This layer provides enhanced privacy and security to regulated entities and institutions who require additional controls to maintain compliance to regulation and security policy. The features of Zero-knowledge Proof and privacy can be mandated for all transactions.

Channels Layer

https://preview.redd.it/ef5z0jbbzoi41.png?width=752&format=png&auto=webp&s=3fd398e0b9917e338fb6c3e0afb477d82dfeb1c8
Channels provide interoperability of services related to digital assets, payments and tokenisation. The Overledger Network allows for participants to transfer interoperate enterprise and institutional issued tokens and assets. Connect to many existing payment rails such as SWIFT, SEPA, Faster Payments etc.
https://preview.redd.it/0u93b51czoi41.png?width=1441&format=png&auto=webp&s=a7ecbf440684a926b66db7273fdba9acfda826d7

Connecting Blockchain and Non-DLT Applications / Networks to Overledger

The connectors to Overledger which grant access to Overledger Network will be open source and soon be made available, allowing for anyone to create a connector and benefit from being part of the ecosystem. Currently the permissionless blockchain space is mostly speculation with little adoption, mainly due to issues that need to be resolved such as scalability, privacy and regulation with permissionless blockchains, however there are some extremely large Enterprises, Banks, Governments, even Central Banks getting heavily involved and going into production albeit mostly in the permissioned blockchain space where such issues are not a problem. Just as each Blockchain has its advantages and disadvantages, parts of Enterprise applications are better suited to Permissioned blockchains (such as more sensitive parts) and permissionless blockchains suited for a higher degree of immutability, thus a Hybrid model requiring interoperability between permissioned, permissionless as well as existing non-DLT applications is required arguably for many years ahead. Just as with cloud computing where everything didn’t suddenly just move up into the cloud, well over a decade later since the birth of the likes of Amazon AWS, hybrid is still very prevalent today with only recently the likes of central banks, banks, governments discussing moving more sensitive workloads to public clouds such as Amazon AWS, Microsoft Azure, Oracle Cloud etc.

SIA, Central Banks, Banks, Trading Venues

Quant Network partnered with SIA, a game changer for mass blockchain adoption by Financial Institutions. SIA is the leading financial network provider in Europe that connects over 570 Banks, Central Banks, Trading Venues (stock exchanges etc) to their infrastructure. They provide a dedicated private network / infrastructure for financial institutions. Every European financial institution will either connect via SIA, in partnership with Colt or via SWIFT (and in many cases they will have connectivity with both) in order to access the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
SIA have integrated Overledger into their private infrastructure covering Europe consisting of 570 supernodes called SIAChain which enables each bank, central Bank, trading venue etc to utilise Overledger for interoperability. Some of the largest deployments of blockchain are happening on SIAChain such as the Spunta project where the entire Italian Banking Sector will be using blockchain and due to go live next month. As well as the “Fideiussioni Digitali” initiative (Digital Sureties) to digitize the management of sureties using blockchain technology with the Central Bank of Italy involved.
Central Bank Digital Currencies are going to play a hugely significant role in the future and there is one central Bank currently testing Overledger and Quant are in discussions with 4 others.
Connecting your blockchain / legacy network to Overledger enables the possibility that it could be used by any of these connected Banks, Central Banks, Trading venues etc in their private network (obviously due to the amount of regulation and critical financial infrastructure the options are going to be limited on what they want to connect).
https://preview.redd.it/ob1vzu7dzoi41.png?width=1336&format=png&auto=webp&s=af9fc79d4749005e60666e3f21cee1a10e9b2275

Oracle

Quant are a Fintech Partner with Oracle, the 2nd largest software company in the world and Oracle are taking Quant’s tech to their clients directly. They have 480,000 clients globally and towards the end of last year Oracle invited Quant to attend Sibos (SWIFT) where they met existing financial services and banking clients and introduced to new ones. By connecting to Overledger this also enables your solution to potentially be used by those 480,000 of Oracle’s global clients.
https://preview.redd.it/rgo9n1ydzoi41.png?width=1220&format=png&auto=webp&s=2521b5968cfb2d8533da0963d3f838b9f518faa5

SIMBA Chain

SIMBA Chain is a cloud-based, smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps (decentralized applications). The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for their enterprise. SIMBA Chain are developing on Quant’s Overledger Blockchain OS to allow them to deploy DAPPs across multiple connected blockchains.
SIMBA Chain have recently been awared a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 1100 Organizations and 650+ Applications developed. Partners include Microsoft, Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY. Recently they also integrated Unity 3D plugin for Gaming to enable owning, storing, and managing all personal gaming assets across a variety of blockchains.
These are just a few of the companies that Quant have partnered with directly, but the ecosystem for Overledger Network is the Network of Networks. Every connected blockchain (Bitcoin, Ethereum, Ripple (XRPL), EOS, Stellar, IOTA, DAG, R3’s Corda, Hyperledger Fabric, JP Morgan’s Quorum and other Permissioned Variants of Ethereum) and their associated partners / applications built on them have the ability to connect and interoperate with the other blockchains connected as well as non-DLT networks such as existing payment rails like SWIFT, Faster Payments, SEPA etc. This Network of Network’s effects will grow exponentially as more and more join the ecosystem.
https://preview.redd.it/fd1m5uvezoi41.png?width=590&format=png&auto=webp&s=99c5b1893d851ba1effe7b5e73480c27f3f7973e

Connecting the Internet directly to blockchain

Quant Network are also developing the ability to allow developers to build MAPPs that integrate directly with the internet as well as blockchain data. They will enable this via creating a new IP address for blockchains which they are calling Quant IP which will enable traffic to be routed from an IP connection from the Internet through Overledger to the connected blockchains.
Another Quant product called Seeq is a distributed search engine that is able to search and retrieve data from multiple blockchains and display them via html directly from the blockchain. More details will be released about Seeq later this year.
Connecting the Internet directly to blockchain will allow websites to be natively created and served directly from blockchains, without the need to have, run and maintain web servers, web services, SSL certificates etc and all running in a completely trusted, extremely resilient / tamperproof environment. The implications of this are enormous and more details will be released by the team later on this exciting prospect. By connecting your blockchain to Overledger you will also be able to benefit from this.

Join your favourite Blockchain project to the Overledger Network Ecosystem

Instead of the current mentality of having the main focus for many projects of listing on exchanges for vast sums of money, why not spend a little time (connectors can be created in as little as a week of development and don’t necessarily even need to be created by the team themselves) and make your blockchain / non-DLT application available to be used by all existing enterprises / members. Not only that but if you also run an Overledger Gateway connecting your blockchain node you also benefit from the transaction fees of the traffic going to it. The connectors are open source and completely free to connect and now with the standardisation of Objects in the recent SDK update the foundations are in place for the launch of Overledger Network with an ETA of Q2 2020. If you would like your favourite blockchain project to interoperate and be part of the ecosystem to further adoption then make the relevant people aware and keep an eye out for further details released in the future.

https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d

Thanks to community member Ghost of St. Miklos for contributing the section about regulation as well as Sonic for proofreading.
You can find more about Overledger Network as well as the token utility — here and community member David W. wrote an excellent article “A deeper look into the Quant Network Utility Token (QNT) valuation dynamics and fundamentals”
What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network.
Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
As well as an 8 Part Series taking an indepth look at Overledger starting with Part 1
submitted by xSeq22x to QuantNetwork [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]

Improving the standard of living and securing a better future through Digital Gold investment

Improving the standard of living and securing a better future through Digital Gold investment
Living, all by itself, is a struggle when one is out of a vocation however it's more regrettable when one resigns without something considerable to appear for it, work is burdening wellbeing astute and work shrewd and time-wise, so one gets ready for mature age and retirement with different plans and approaches, some look to put resources into treasury securities, common assets, stocks, new businesses, land and so forth yet just a couple really get the opportunity to have advantageous ventures.
Contributing is mind-boggling, one is confronted with the difficulties of data and the alternative of browsing plenty of speculation choices

https://preview.redd.it/h7ltlp821q351.png?width=303&format=png&auto=webp&s=b9f7345b5eed930f1237b3aa444328f012bd60f2
Gold is a benefit known to man more than a great many ages, Gold and copper were the principal metals utilized by people beginning from 5000 BC, The main enlisted gold found in the US was a piece weighing 7.8kg found in Cabarrus County, North Carolina. At the point when progressively gold was found in little spring glade in 1803, the primary US dash for unheard of wealth started. The world's biggest gold hold is held five stories underground in the vault of the Federal Reserve Bank of New York, it contains 25% of all the gold saves in the world(540,000 gold bars), the greater part of them have a place with remote gov't. The main ever gold candy machine was introduced in Dubai in 2010. Because of its irregularity and high worth, a large portion of the gold at any point mined is still in flowing gold was removed over the most recent 100 years. Numerous individuals inquire as to why gold is so costly, the explanation is its irregularity: more steel is delivered in one hour than gold through the span of the whole mankind's history. Numerous researchers accept that gold is likewise present in Mars, Mercury and Venus.
Reports state China is expanding its gold imports and Mark Mobius, an energetic broker in gold has prompted that individuals buy gold, he accepts that the cost of gold will continue developing as the measure of paper cash in the worldwide economy increments.

https://preview.redd.it/fh8wmt141q351.png?width=178&format=png&auto=webp&s=04644aa0449938032f281b3020d56695286a591d
Do you realize that under 82% of Americans own any bit of gold?
The exchanging volume of advanced gold is over $100 million
Do you realize you also can put resources into gold?
We should discuss the potential outcomes of putting resources into gold utilizing a blockchain stage, you should have one bit of gold that has a token portrayal,
The explicit explanation on the advanced gold token, what it does and how you can really profit by it.
Presently, in the event that you are following intently, you will find that the crypto showcase hit its top in 2017, in 2017 bitcoin was selling for $20,000 and in 2020, it is coasting around $9,000 and each genuine speculator ought to be seeing this market, at 2017 the complete market capitalization of digital forms of money was nearly $1 Trillion dollars and however it has tumbled to around $300 billion dollars in 2020, this industry despite everything holds a ton of possibilities.
One ought to inquire as to for what reason is there so much venture going into the blockchain space, what is the potential that this thing has, many have named blockchain as web 3.0 or a definitive innovation that will introduce web 3.0, till date, the speculations that have experienced different blockchain new businesses have been over $25 billion dollars with any semblance of EOS, Telegram raising billions of dollars each.
What are the issues associated with putting resources into cryptographic forms of money?
1.Volatility: If you take a gander at the altcoin unsurpassed record, you will see the sickening drop in crypto esteem
What of tasks that have lost over 10000% of their incentive over the course of about two years.
  1. Storage: Knowing which coins to buy and how to store them is a major problem in the digital currency world,crypto-jacking and hacking are at the untouched high as programmers have invaded most internet browsers with coin mining contents and simply a year ago over $1 billion dollars worth of crypto resources were taken from a few trades which thusly constrained them to close their entryways.
To store crypto resources, one is required to safely keep their passwords and their hidden keys as the loss of them mean lost access to their property.

https://preview.redd.it/gjncqcu61q351.png?width=640&format=png&auto=webp&s=f54fff5dee4d32375a10b1c087bb5fa013c9a862
Tokenization
The thought is planned for breaking entire units of stocks, foundation and so forth into littler pictures.
Take one unit of gold and make an advanced unit of it with the blockchain, that thought really birthed the Digital gold token project.
The computerized gold commercial centre: encourages a generally simple, powerful and proficient buy/deal framework, clients can just round out a structure that starts a brilliant agreement, which at that point moves the recently printed GOLD tokens.
Concerning engineers, they are additionally spared the issue of the complexities that accompany coordinating a crypto resource for their foundation, the advanced gold tasks assist them with incorporating without any problem.

https://preview.redd.it/tnwhklg81q351.png?width=275&format=png&auto=webp&s=fb5c80a182aa6f6869290a4e28d8d43749b08afc
Highlights of Digital Gold
The advanced gold token flaunts various highlights that make it one of a kind and beneficial for potential speculators to investigate.
It's a token that is minimal effort and doesn't have move costs when one is moving it, it offers potential speculators the chance to broaden their portfolio while additionally keeping their riches in a place of refuge, it likewise gives secure gold possession as the bought gold is made sure about in a sheltered vault, the computerized gold token is exceptionally fluid, which means there is a business opportunity for you at whatever point you expect to sell or purchase the token since the advanced gold token is attached to real gold, the token is as significant as gold itself, so as gold increments in esteem so does the token.
For more info:
Website: https://gold.storage/home
Ann: https://bitcointalk.org/index.php?topic=5161544
Medium: https://medium.com/@digitalgoldcoin
Whitepaper: https://gold.storage/wp.pdf
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2150171
Bitcointalk Username: pedpedped101
submitted by elemaneyo to BlockchainStartups [link] [comments]

My wife (32F) is threatening to leave me if I (30M) don't get what she considers help for my depression. This isn't the first time she has threatened to leave me.

This is going to be a long post.
I met my wife online 8 years ago. We lived across the country from each other and kept a long distance relationship going well, and go the opportunity to see each other every few months for weeks at a time. We would fall asleep on Skype together every night, text each other throughout the day, and phone each other when we had time to talk or wanted to play games together. In 2013 after a year and a half of dating I asked her to marry me and she said yes.
I was overjoyed! I had spent my highschool years as the guy that everyone avoided because my mother had been sending me to therapy for over 10 years for issues that may have been real at the time of my childhood, but regressed as I grew into adulthood. I would routinely take a cocktail of 8 different medications in the morning and before bed, and my friends are the time would better describe me as a zombie over a functional human being. I had issues holding conversation, would regularly space out, could not perform sexually, and could not get good grades in college. After I got married to my wife, we got an apartment together, and I stopped my medication cold turkey of my own volition.
I was a new man, I no longer any of my previous issues and I felt free and full of life. I never resented my mother because she only had my best interests in mind, and was not doing sending me to therapy and keeping me medicated for her own peace of mind. My parents gave me a great life growing up and gave me everything I ever wanted, being from an upper class household, they bought me a brand new car for college, anything I wanted growing up, and would support me financially on almost anything I wanted within reason. My college was fully paid for and I went to one of the best private schools in the area while growing up. I had been to every continent in the world, visited tons of grand architecture and theme parks, and seen so many wonderful things, and I was looking forward to sharing that life with my new wife.
My wife did not have the upbringing I did. She was the second oldest of 6 children. Growing up, she did not get any luxury. From having to work a summer job to buy her own school supplies and clothes, to dealing with an elder brother that sexually assaulted her every month while her parents slept, to a junkie father that would work odd jobs only to get money to get high, and a mother that worked 3 jobs to keep a roof over her children's head, her child hood was not easy. Her parents got divorced when she was 17, after being together for 23 years. Her father never gave her any love despite her efforts, she would regularly make love notes and lunches for him growing up, only to find them crumpled up and thrown in the trash and never responded to. Her elder brother would force her to give him oral at least a few times a month from the age of 15-16 while everyone in the house was asleep. Her father left and had no contact with her since she was 19, only showing back up in her life for our wedding, just to disappear again. He hasn't spoken to her in 4 years now.
Before we got married, I flew out to meet her, and we packed up everything she owned and put it in her car. We drove 2900 miles across the US to move her into our house with my parents, and after we got married, my parents paid for us to get an apartment near their house. We were so happy! After we moved in together after getting married, we both were young, only 23 and 25. We worked fast food and don't have a lot of money, surviving on only a hundred dollars of food a month. But, because we were together, everything was ok.
Or so I thought. My wife has constantly struggled with insecurity since we got married. We made sure when we got married that we would keep our finances separate. She was a bad money manager and didn't want to "ruin me" like she had ruined herself. She would break down sometimes for no reason begging me not to leave her, and I have never done anything to make it seem like I was. My parents decided that since I had gotten married and was doing OK, they were going to give me part of my inheritance up front. I took this money to pay off all our debt, I paid off half her student loans, and I would take care of any issues that came up for her that she couldn't handle without complaint. She crashed her car, I helped her buy a new one, she couldn't pay a bill, no problem, I've got her covered. Anything she felt she couldn't handle, I was always right there to support her.
Near the end of our first year together, my wife for some reason had reached the end of her rope. If we didn't move out of the big city where she didn't have any friends or know how to get anywhere, she was going to leave me. It wasn't me, but she said was devastatingly homesick, and said she couldn't live here any longer. She had made a real home away from her parents at her college town, and her best friend of 6 years lived there, who had supported her through thick and thin. Despite my aversion to this at first, I could tell that moving back home where her best friend lived and what was familiar to her was important. After 2 weeks of talking about it, I agreed to move with her back to what she considered home. My parents were planning to move around this time as well, as they no longer had any children and we're looking to downsize their home. So, for her, I left my hometown of 25 years, and all my friends that I grew up with.
My parents gave me money for us to buy our first house, and another 30 thousand on top. My wife and I found a nice 3 bedroom, 2 bathroom single family home, and bought it outright with cash. Because there was money left over, we used that for moving costs, and I began searching for a job I knew I would enjoy, while living off the interest on my savings. We were working on having a child and I knew that a kid was going to be expensive, so I was trying to make sure we had the money to support our child, and I could still make my wife happy.
In 2015, 2 years after we moved into our house, my wife said she was going to leave me again. Despite her only ever needing to pay her bills (she had gotten herself into more credit card debt), despite her crashing another car and me paying a $5,000 down payment to buy her another new one (she had to get a loan out), despite me spending time with her every night and never going anywhere without her, taking her on trips and little date nights to make her happy, she was threatening to leave again. A month after her telling me this, my father passed away from early onset Alzheimer's. I was having a rough few months.
We were having trouble conceiving and she was having severe body confidence issues. She was convinced that before I left her for someone else, she was going to have to leave me. Since we had gotten married, she had gained over 100 pounds, and I had never made an issue about it, other than showing concern for her health (her family has a history of diabetes and heart disease). She said that despite me continuing to support her in all her hobbies (she likes dancing and volunteering at the pet shelter), me not having a job was stressing her out because she wasn't sure that I could keep helping her. Despite my reassurances, she believed that I was going to leave her for someone better, and that she needed to leave before I did. No re-assurance I gave her would stop her from believing that I was going to be gone the next time she came home from work.
She started self harming. When she was younger, she frequently thought that the reason that her mother was never around, her father left, her brother abused her, was all her fault. Hurting herself made her feel like she was being punished, and that her sins were being forgiven. Her church growing up was very abusive. They would make people stand up in front of the entire congregation and "confess" their sins in front of everyone. When she had premarital sex with her first boyfriend, she almost killed herself after when her mother found out and made her "confess" to the congregation. She hospitalized herself with a suicide attempt after this happened, and has never respected her mother since.
I called up our PCP and told her that my wife dseperately needed help. After an appointment, blood work, and a CT scan for the issues with concieving, she was diagnosed with Severe Depression, Insulin Resistance, and PCOS. She was put on medication and around this time I had found a job, so I told her that she could cut back on her hours and I would start helping her with her bills. We also started looking for a therapist for her. She started going to the therapist and she seemed a lot happier. We were having fun with friends again, and she felt like the happy, bubbly woman I married again.
In early 2016, we got great news! We were pregnant! Because I was making enough money at the time to pay her bills and mine, she was able to only work 20 hours a week through her pregnancy, and then her job gave her 6 months leave when the baby was due. While she was a few months along, she unfortunately got into another car accident, and so again, I helped her buy a new care, this time a minivan, because she wanted it for our kids. She was going to pay for it again, because she said she was tired of me paying for everything for her again. I have no issues with this as I never have, because whenever I try to pay for something, she doesn't let me.
When we had our child, I had saved up enough money to start my own business. Using the money I had saved, I started up a computer system building company, and servicing the local area, I was able to be home a lot more than working my job, and still make the same amount of money. The business started doing extremely well, and I hired a few employees and a friend of mine to work for me, letting me spend more time with my wife and newborn daughter.
Then, we started having problems again. My wife was in a lot of credit card debt from not managing her money ($30,000), and she had been hiding it from me. She was having issues breastfeeding our kid and would break down for hours at a time over not being able to do it. She was diagnosed with post-partum depression and started going to a different therapist. I wasn't making enough money for paying for our insurance, electrical, car payments, taxes and the credit card debt she had built up. I was upset, but it's extremely uncharacteristic for me to get mad about money, because I have always had money. I offered to use our house savings (we were saving up for a bigger house to have more kids) and pay off her debt again. She said no.
She decided she was going work full time again. I helped her get a debt consolidation loan for her cards, and she began working full time while I took care of our daughter.
This was in the beginning of 2017.
Towards the middle of 2017, our life was going great. My business had taken off, and I was making $10,000 dollars profit a month. I had gotten early in on cryptocurrency back in 2013, and was riding high on the bull run from Bitcoin. My company made crypto mining machines due to having a ton of stock from system building, and we were selling those for record amounts. My wife had cut down to part time because I could afford the extra to help her bills, and she could spend more time with me and our daughter. Things couldn't of been better.
Then in 2018, the crypto market crashed. My cryptocurrency that had been worth almost $500k crashed down to $60k of value in the span of a month and a half. I had to start selling it to pay off debt the company had taken on to expand, or else it was going to hurt me more. But I kept holding onto the majority of it.
I kept my business running, but things were winding down because the crypto run was over. We were operating on razor thin margins. In May of 2018, I stopped paying myself while still running the business to make sure I could keep paying my employees. I was still getting a stipend from investments every month in the amount of a few thousand, so I could afford to not pay myself. I was still taking care of my daughter, but my wife had to go back up to full time. I started looking for jobs, figuring with my 2 associates degrees and my master degree, I could get a good job easy.
In the beginning of 2019, I found out my wife had gotten another $25,000 of credit card debt she was hiding from me. She was eating out daily, bringing home for us to eat, and telling me she was making enough money to afford it. She was now up to almost $45,000 of debt, not including her car. I was upset. I told her she can't keep spending money like we have millions. My business wasn't going well, and we needed to cut back our spending so we can get a bigger house to have another kid like she wants. She broke down again.
She admitted she had a money management issue. She locked all her credit cards up in the house safe, and she agreed to only spend money off her debit card.
Then, the trade wars hit. Our stock account took a huge hit, and because I didn't have strong hands, I sold, at a loss of almost $55,000 dollars. Our stock brokerage trading account that had almost 70k of assets was only worth around $15k dollars. I no longer had the money to cover paying off my wife's debt in an emergency.
In April of 2019, we just received our income taxes, due to my losses from last year, and reduced income, we were due back a large amount. I had unfortunately cut down the business to only myself working for it, as the company still had debt that was used a few years ago to expand to pay off. I still have kept the business operating, unable to pay myself for close to a year now, having to sell crypto to cover bills when business wasn't good enough.
The first day of May, I took this money and put it back in the stock market, but due to weak hands again, I lost 60% of it again before the markets rebounded. The trade wars had taken a ton of my wealth again. Our brokerage account was now worth less than $10k, and I withdrew the rest to put it into my checking account.
Over the past 6 months, I've had to sell off all my remaining cryptocurrency. I have none left. I have to continue running my business in it's dilapidated state, only making enough to pay the bills at the end of the month. I have gotten down to my last $5,000 in cash, and my monthly inheritance stipend, barely pays the bills for the house.
All of the money my wife makes goes to paying off her credit card debt, her student loans, and her car payment. When she comes home, she sits down and plays video games while letting our 3 year old run wild and destroy the house while I sleep. We are trying to potty train, but that's not going well, and when I'm sleeping, our daughter will routinely use the bathroom on the floor then smear it on the walls. My wife will not always notice, and I will wake up having to clean up shit off the walls.
I have been breaking down nonstop. I cannot handle the level of stress I have been having. I have interviewed for 12 jobs in the past 6 months, and not gotten hired. I have applied to over 30. I have lost over $100k of our savings in the past year alone. I never get to see my wife because when she is working, I have to take care of our daughter, and when she gets home, I have to sleep so I can make sure I'm able to work while they are sleeping, because I am unable to work while they're both awake. I make it a priority to make sure I spend a few hours with my wife and daughter a day, so they have time with me.
My wife has not been a responsible adult for months now. She doesn't do her small part of the chores, which is simply do the laundry every week. Every week I take out the trash, clean up the yard, do all the dishes, cook dinner daily, vacuum the house daily, clean up my daughters shit and piss off the floor daily, clean up the mess that my daughter makes when she's playing. We recently found out my daughter is going to need speech therapy. Our house looks like a disaster zone. Our PCP said the speech therapist will come to our house to make it a more "secure environment" for our daughter to get help in. I'm terrified that we're going to get social services called for the state of our house and lose our daughter, but I physically cannot keep up with keeping it clean by myself, because every time I clean something, something else gets destroyed because my wife doesn't watch our daughter.
My wife will throw trash on the floor in the house. She won't pick up dishes. She won't clean up the toys or help our daughter do that when I'm sleeping. There is shit caked on the wall in the nursery because almost every day I can't find it all and clean it all up when my daughter is awake.
I cracked. I cursed at her for the first time in my life. She broke down, she said she's been so stressed and she's trying. I understand how it is to be stressed, I'm stressed too, but I said we need to try harder for our daughter. I told her I don't want to lose her.
Then 2 weeks ago, a text sent late. I'm sure everyone heard about the Verizon bug where texts got send late. You can read about it https://www.theverge.com/2019/11/7/20953422/text-messages-delayed-received-overnight-valentines-day-delay
I had an old text get sent that said "Do you still need me?"
My wife thought I was going to commit suicide.
She said that if I don't get help she's going to leave me and take our daughter with her. She didn't believe me when I showed her the text issue. She says I've been having depression issues for months, and that she's been asking me to get help. She said her therapist has been telling her for months that I need to go get help, and that the idea to threaten to leave me was her THERAPIST'S IDEA, because that threat has MOTIVATED ME BEFORE. This made me extremely upset. I tell her the same thing I did every time, unless they are going to give me a well paying job or hand me a million dollars, therapy is not going to help me.
But I need advice. I love my wife. I have no reason to leave her. In the almost 8 years we've been married, I've never told her I was going to leave her. I pointed this out to her, she still says she can't trust me when I tell her that. I told her why am I being punished for her insecurity. I have done nothing but try to give her a great life. Yes, we've been having a hard time with money for the past year, and I've been very frustrated, but all couples have issues throughout their relationships. She says she doesn't want our daughter growing up hearing her daddy talk about suicide and her maybe hear that.
I'm just trying to figure out how to handle this. I have friends telling me I should leave her. I don't see why I should. I love my wife. I would never leave her, and I feel like now she needs help again. She has gotten happier in person or at least it seems so, but her therapist telling her to threaten me to make me take action seems like a flag for her therapist. But she likes her therapist and likely wouldn't listen if I asked her to find a new one. I asked her to get therapy when she was severely depressed because she didn't seem like the woman I fell in love with anymore. Maybe part of her has come back, but the woman I fell in love with wouldn't be so irresponsible with our daughter, and wouldn't ignore her chores like she does.
I just don't know what to do. I'm scheduled to see our PCP in Janurary for depression, but I don't think it's going to go like she expects, and she hasn't set any expectations of what she's expecting me to get out of this. She says I'm not the man she married any more, but of course I'm not when I'm broke and at the end of my rope with trying to find a job. I feel like anyone would be frustrated and upset if they were in the same position as me. Every day I wake up, work for my failing business that doesn't pay me, take care of my toddler while my wife works, and never get to do anything fun with my family because we have no money and no one will hire me.
I just don't know what to do. I don't want to lose my wife. I have sacrificed so much for her. I want to make her happy. I want my daughter to not have a broken family like my wife had and grow up happy. After her threatening to leave me again, it feels like she doesn't need me anymore. It hurts me severely that she can say that so easily after everything I have done for her. I know she is stressed, and I feel like her saying she's going to leave me helps her cope somehow. I'm resenting her still seeing the same therapist, giving her advice on her home life off my wife's singular perspective. I just don't know what to think anymore.
I want to make the people I love happy.
submitted by ThrowRALovemywife to relationship_advice [link] [comments]

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