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Decentralization

Bitcoin Assumptions Gone WildToday's Presidential Executive Order did not mention Bitcoin by name once. Instead it focused on "digital asset technologies" and CBDC's. The White House Talking Points also failed to reference cryptocurrency as as the focus of the order, instead including crypto in the discussion as being outside of regulatory framework and as part of illicit activities. Bitcoin maxis and crypto evangelists make extreme projections, relying on assumptions as fact. When discussion or critical thought is entertained, an abundance of fallacies (straw man, red herring, slippery slope) and biases (experiential, confirmation, reinforced through echo chambers) get piled on. Since Bitcoin's inception, the economic environment has been supported by a dovish Federal Reserve and Central Banks, with unfettered money supply driving risk-on speculative investing. This unsustainable monetary policy has resulted in extreme price spikes and inflation not realized in over 40 years. Nascent markets lack regulatory frameworks and are more volatile given low market capitalization. Assumptions including replacing gold as a safe haven store of value as well as a belief that decentralization will succeed in the face of traditional finance and government driven efforts to maintain status quo are rampant. Financial controls are now being weaponized against Russia for invading Ukraine in a way that has never been seen before. The second and third order effects of Nation States and entities realizing the vulnerability are unfathomable at this point in time. Power exists not only in the centralized environment, but also in controlling access to decentralized platforms via Internet Service Providers and fiat on/off ramps. Governments have the ability to declare threats to national security as illegal and have ways to attack these threats directly and more importantly indirectly. When all is said and done, we have gravitated from critical thought and open dialogue to communication via headlines and memes. At the end of the day, Bitcoin and the broader crypto community will either find a way to coexist and complement existing order or be relegated to a niche that doesn't gain widespread support or use because of difficulties imposed by those seeking to retain centralized control.
INDEX:BTCUSD
by R0MM3LL
Is it time for DeFi again? Most likely yes!DeFi on Ethereum had a big correction after things got really frothy and fees on Ethereum skyrocketed. For about 2 months DeFi took a back seat as everything else was pumping. During those months we saw tons of pumps from different categories, while DeFi & ETH had a 35-60% corrections vs BTC which is quite large. What we need to note however is that DeFi had gone up over the summer while the rest hadn't. Also part of DeFi bottomed vs BTC in November while the rest bottomed in January. Now clearly fees will be an issue again, but the influx of new people is going to push DeFi much higher. Not only the influx of new people, but people selling their Coinbase stock and we need to remember Coinbase went heavy on DeFi tokens over the last year with lots of listings. To me this is a key rotation (from CEXs to DEXs) and includes not only Coinbase stock, but also stuff like BNB, FTT etc. AAVE, SNX, BAL, COMP, MKR, YFI are the larger ones which have also been lagging to an extend compared to others. All of those are listed on Coinbase. UNI hasn't been lagging and its UNIBTC chart looks like a gigantic cup & handle pattern. Now SUSHI and CRV got recently listed on Coinbase, so they have the potential to do very well given that there will get more buyers this time around. BNT has a quite special chart and its price action seems controlled by a bigger entity. GRT is a special one as it has had several big pumps and looks ready for its next big one. LRC has been a massive lagger too and it is pretty cheap compared to others so potentially cheap to own here after such a big move. The DeFi index doesn't show the full picture yet because it has weird mix of coins, however the breakout is very clear. This could be very similar to what happened earlier this year in terms of magnitude. We are 3.5 months into this alt season and we are getting breakout after breakout. Rotation from one category to another with no signs of weakness as a whole. Yes some look weak, yes some haven't done well... Yet the market as a whole has been pushing higher and higher. Ethereum is also looking very strong and healthy so it can push much much higher from here over the next few weeks. I can see the whole altcoin show going up until the end of June, so be prepared for big stuff. I think we in Phase 4 or Phase 5 of this alt season. Given that we are going back into DeFi assuming this pump won't fail or that others don't do better than this market sector, we are probably in a new phase. We are potentially 60% into this alt season and there is a lot more to it!
FTX:DEFIPERPLong
by BitcoinMacro
Binance Coin/BNB will Fall from the Top RankingsBinance Coin/BNB does not deserve the #4 crypto ranking by market cap and could fall in the rankings and never recover at any time. It's moving up as competition to Ethereum as Ethereum has temporary scaling and high fee issues. However BNB is CENTRALIZED and no serious crypto is centralized. The fundamental advantage crypto offers is decentralization. Without decentralization you don't have a crypto, you have a managed product no different than legacy financial products. Also it can be targeted and shut down while decentralized crypto cannot. It's possible some crypto might one day challenge Ethereum, but it won't be a centralized coin like BNB. In previous bull cycles there have been other centralized coins that made a big splash for a while, for example EOS and TRON, but eventually people figure out they don't really offer what decentralized cryptos offer and their price ranking falls and doesn't recover. This cycle it seems Binance coin is the coin for the clowns to crowd into. It's quite possible they will be the crying-on-the-inside kind of clowns later as BNB falls in the rankings. IMO as Ethereum advances its scaling solutions the likelihood of Binance coin falling increases. Optimistic rollups for Ethereum are one L2 scaling solution that I understand will launch this month, so BNB might top out soon. To be clear I wouldn't short BNB as waves of ignorant noobs could drive it higher, but I sure wouldn't hold it long either. I'm not an investment advisor and this is not investment advice. However I am a computer scientist and as a computer scientist I can tell you a centralized crypto FAILS to have the key aspect of what makes crypto significant.
FTX:BNBUSDShort
by MystryBox
8
#EthereumClassic #ETC- From The Guy Who Called #BTC Under 2.68#EthereumClassic #ETC- From The Guy Who Called #BTC Under 2.68 This article will mostly focus on key characteristics and fundamentals that I used to make up my LONG investment thesis for #EthereumClassic #ETC I used the title " #EthereumClassic #ETC- From The Guy Who Called #BTC Under 2.68 " as a reference to my previous article which focused around #Litecoin before it made a 8x move and a New All Time High. I feel #ETC has the same potential for a similar type move if not more. Hypothesis I think #EthereumClassic has been one of the most overlooked and undervalued in the top 20 coins by market cap and thus is extremely undervalued. Using predictive logic I am calling for the #Classicening *Make Note* (#ETC is trading around 5.40 USD AND #ETH is trading around 154 USD as I write this.) I won’t go into an extensive historical overview of the history of #ETC #EthereumClassic vs the fork #ETH #Ethereum . Just remember #ETC is the original chain and #ETH is the fork. I will note some of the key differences and upcoming developments that lend to my Bullish thesis for #EthereumClassic and to support the potential event that I call the #Classicening . (Remember I was the first to call the #Flappening for #LTC) The #Classicening which will occur when the price of #EthereumClassic (#ETC) surpasses the price of the fork #Ethereum (#ETH) Discussion #EthereumClassic (#ETC) is Decentralized, Immutable, Censorship Resistant and has a fixed monetary supply of 210 Mil #Ethereum (#ETH) is centralized with a proven history of mutability and HAS NO FIXED monetary supply Q: You might ask why does #Ethereum the fork have a higher market cap currently then #EthereumClassis? A: The simple answer is hype A new and uneducated investor class bought the sizzle not the steak. #Ethereum’s price was mainly fueled by the 2017 #ICO (Initial Coin Offerings) craze. Where people mostly had to buy #ETH to participate in these #ICO’s aka. #shitcoins On the other hand, #ETC didn’t have the hype or the marketing associated with #ICO’s so largely went unnoticed. Assumption : The new investor class will mature and become more knowledgeable choosing not to invest based on hype but on a coins utility and merit. Justification 1. For the Classicening EthereumClassic (ETC) is extremely undervalued because it didn’t participate in the mania of the #ICO craze and thus has been overlooked. As price discovery happens, demand will increase while supply is capped and thus price shall rise. Meanwhile #Ethereum (ETH) whose price was once fueled by the #ICO craze, now experiences constant oversupply as #ICO projects fight for survival continue to have to sell to keep the lights on or exit scam. No fixed supply and constant selling pressure Justification 2. For the Classicening EthereumClassic (ETC) will remain Proof of Work (POW). Time tested history #ETC will be the only Decentralized (POW) non-fragmentedTuring complete Blockchain. with a fixed supply. #ETC will benefit from the addition of hash and mind-space as miners and developers are leaving #ETH and joining #ETC Ethereum (ETH) will move to Proof of Stake (POS) No proven history as stated by Vitalik “There is risk in the transition from PoW to PoS, and PoS has a shorter history to evaluate” This is not to mention the inherent problems for investors dealing with possible tax ramifications with staking which could further weaken investor demand. Justification 3. For the Classicening EthereumClassic (ETC) will have a platform for developers with emphasis on high value and security. This will translate to more DEV’s choosing #ETC to build security focused #Dapps Ethereum (ETH) will attempt to scale (Something it keeps promising but yet to accomplish) and provide performance on a untested POS chain with more unknown vulnerabilities Justification 4 EthereumClassic (ETC) is in a very unique position to be successful with a strategy of interoperability vs most coins approach to be the one and only coin (Maxilism) Instead it will benefit from the utility it can provide across multiple chains including ETH and be a integral part of the larger eco-system Ethereum (ETH) with sights to be the dominant chain and development history of building on house of cards it increases #ETH chance of a systematic risk. Its development is centrally guided around Vitalik’s vision, this represent another single point of failure. Conclusion If the assumptions of the #Classicening prove to not come to pass. It won’t change the fact that #ETC is still grossly undervalued and thus has outstanding potential to out preform the market. #EthereumClassic should provide a great investment vehicle both in the short term and longer for investors who see the value in decentralized layer 1 chains and a secure platform for #Dapps . With many upcoming developments like the upcoming #Atlantis upgrade and chart showing an upside breakout: There couldn’t be a better time to do your DYOR on #ETC. It’s relatively scarce and thinly traded so it will take a lot less $ volume to bring it into a New All Time High which will be over 43 USD on most exchanges 8x from its current levels PS. I wanted to get this write up as quickly as I could, just know my preemptive apology for all the grammar mistakes. Chart is looking to break it’s MA’s and this is just finishing its retrace from 9+ just a few weeks ago so time is of the essence to DYOR. =:] My thoughts do your own DD . My opinion might have a rooting bias not an opinion to buy or sell anything How is that for disclosure =:]
KRAKEN:ETCUSDLong
by InvisbleHand
The decentralized evolutionThese past years we have heard alot the word "decentralization", most of it (sadly) comes from crypto speculators. In truth very few care about it (if you disagree compare videos articles posts about decentralization to those about the price). Decentralization has always been a big important subject, even if 99% are totally oblivious to it. A new word has appeared in our lives recently, it is the word "Libertarian". Here is how the cato institute (whoever they are) says the US electorate is divided: Roughly speeking the majority is either "Liberal" = the left or "Conservative" = the right. From wikipedia (a part centralized part decentralized encyclopedia): The word "centralization" came into use in France in 1794 as the post-French Revolution French Directory leadership created a new government structure. The word "decentralization" came into usage in the 1820s. "Centralization" entered written English in the first third of the 1800s; mentions of decentralization also first appear during those years. In the mid-1800s Tocqueville would write that the French Revolution began with "a push towards decentralization... in the end, an extension of centralization." I would say that during the absolute monarchy in europe it was very centralized, and was not very fair, during obviously every socialist regime the country gets full centralized and the population ends up starving, when rome was conquering europe if I remember correctly, in "france" anyone could get their own land and go start their farm so I would say this was a libertarian & decentralized era, the opposite of communism/communitarian if you think communism is a bad word. Trying to show in a few words (don't want this idea too long) that in history there has been all sorts of systems. Right now China is a totalitarian state but their government is decentralized. Just to show there can be a centralized system but "locally" inside of this there is a centralized thing, doesn't mean the whole place is decentralized. Going to look at business, currencies, markets, governments, and science, which would cover almost everything in society. Especially at business. There will be exceptions like even if you would find that science is better decentralized, it remains more efficient to build a spaceship to have it centralized. 1- Wageslaves People but in particular communists complain that "man exploits man" and all of this. But wageslaves are slaves because they decide to be, they want to be. They are not capable of taking care of themselves and need someone to give them work. Just look at the reactions when a business wants to replace its low skill workers by machines... Not something we hear often, not a very popular thing to say. Just shows they are even too weak cowardly and delusional to admit it. It's always someone else fault... And with their votes they bring governements that puts obstacles in the way of doing business. If the 3 billion wagecucks on the planet really hate bosses, rich people, there is little stopping them. Their own abilities I guess. A fully centralized system has never worked. Even the unfair dark middle ages were not fully centralized, peasants had their land, artisans were running their own businesses etc... The pathetic wellfare states designed for handicapped people and punishing non handicapped people HAVE NEVER WORKED. EVER. The only system that is shown to work is scandinavia. Ah the mighty successful sweden norway denmark that Bernie Sanders loves to quote. Well I have news, they are not socialist. Scandinavian countries had a socialist experiment in the 70s, it quickly failed, and they switched back to full capitalist free market. A completely decentralized system would be one where there are no companies just small 1 person or 1 family businesses? That places some serious limitations. Without listing them there are pros and cons to both centralization and decentralization. Some companies have successfully merged both: McDonald's is a central company that runs a "franchise" system. They provide a brand, logistic help, a formation, and individuals own and run restaurants. This company has done so well. They have spread to the entire world, and even infiltrated countries with strong resistance like Russia or France. I know france was hard I am not sure russia was. Youtube is a (little too centralized and totalitarian) company that lets individuals run their own channels, they have their own show manage their own following choose their own upload times etc. Youtubers ARE entrepreneurs running a business. The internet could be seen as a somewhat central platform (functionnally it is central) with individuals plugging their content. This is progress. These hybrid companies do great, they are a big leap forward. The full decentralized zero control blockchain social networks are maybe a little too much, and I don't see them doing very well. I think the future is companies that are hybrid. People run their own lives. It is literally social justice. It makes every one lives better. It promotes progress. Mixing the best of both worlds. The advantage of having something in the center but while still having decentralization. It is literally the answer to everything. And I will gladly invest in companies that understand this is the way to go and do it right. Uber is a good idea but it is TOO decentralized, at least for now. Maybe they are too early. I don't think they are too early I think the business model is bad. We could see it much more: A group of entrepreneur builds a fully automated factory that makes candy bars. They need to check the quality so they contact a couple of quality freelancers, and they have programmers that work for themselves but via a centralized platform, that code and monitor the machines, they have a security company they hire, etc. There probably is going to always have to be some people that work for others, not every one CAN take care of themselves, and also, it makes it easier for 15 years old to get started. They might want to be wage workers for a decade at least before starting their business. There is so much potential for new semi decentralized companies and this just has so much potential... The future can really be bright. Centralization bad. Decentralization bad. Invest in HYBRID! It is amazing how great it can be. 2- Currencies Only purpose of a currency is to be a convenient way of exchanging. I touched on this subject here: Once again, fully centralized stinks, fully decentralized stinks. Bitcoin regardless of the failing tech is garbage because no one has control on it, it cannot expand or contract as the economy need so it just CANNOT be a currency. It is necessary to have an inflation (and deflation) that follows gdp... It could expand and contract if a central authority held million of BTC and released or stored them as needed but this is risky it won't end well... Fiat currencies (once again cryptocurrencies are fiat currencies their "investors" say otherwise but they are incredibly stupid) are good actually, we DO NOT CARE if a currency is made out of thin air, its sole purpose is to serve as a convenient way to exchange. It's literally just a number used to value various goods services debt... We could ditch a currency and invent a new one, would not matter. Really simple... still too abstract apparently for the majority. 3- Markets They have been running pretty well and have enabled huge growth for humanity. For the past 12000 years (commodity futures) but even more in the past few hundred years with stock markets. And surprise surprise, there has always been a centralized entity (a temple where exchanges are done, the CME, regulators), and decentralized traders. Basically the same system for 12000 years at least. And they have worked great, very clearly. Let's not change that. Another great example of a hybrid system. 4- Governments Did you know that in 1921, after socialism caused famine and riots, Lenin realized how idiotic his ideas were and introduced the "New Economic Policy" (he did not bring back the "bloodsuckers" he murdered thought), what he called an economic system that would include "a free market and capitalism, both subject to state control". In the years leading to 1924 Lenin died a slow painful and humiliating death (karma?) and Stalin took his place (he also suffered a slow humiliating painful death but he lived till 74). The USSR went full central government with socialist wellfare and all. This did not end well as every one knows now. There has been many experiments (including John Stossel trying to tell people what to do in an ice skating ring lol) on the subject (including Sweden and Denmark trying socialism in the 70s) and EVERY SINGLE ONE HAS BEEN AN ABSOLUTE FAILURE. Ever heard of Africa? They aren't exactly rich right? Guess what? Government are even more centralized and less friendly than THE SOVIET UNION AT ITS WORSE. I am not making this up. Africa is WORSE than the USSR and this is why they are so poor, starving, plagued by so many diseases, and see millions of (mostly) young men try to escape by boat, very very often end up dead at the bottom of the sea. If african laws & governments change and allow their people to run business, you better believe me than their economy will grow exponentially. It simply does not work. This is not my opinion. Simple verifiable facts. And so once again... Centralization bad. Decentralization bad. Invest in HYBRID! It is amazing how great it can be. 5- Science Even science has this... "Modern science" started with Descartes (correct me if I am wrong) he basically told scientists "Ok listen up now stop it with the stupid dogmas and stick to facts. Be rigorous.". Apart from mathematics and astrophysics which are near perfect, and have the smartest people (go figure), most science since Descartes has still had dogmas. You can look it up, plenty of scientific discoveries went against dogmas and the ones that made those discoveries were ridiculed by "the community" of sheep scientists. Even today, there are plenty of dogmas, and a huge amount of science is just sheep literally repeating something. Things get repeated until the sheep community decides something untrue has been repeated enough times for it to magically become true. It's beyond idiotic. They're supposed to have 130 IQ but as a herd they are absolute cretins. There are even some dogmas that are ILLEGAL to question. If a scientist says he has facts that disprove certain global warming dogmas, his university is going to FIRE HIM. At the moment the scientific community I heard is going through what they call the "replication" issue. Theories get repeated until accepted. Scientists are not even adding any value. They just repeat something and get paid for it, get grants, get promoted to a higher rank etc. This is clearly not conductive to progress. A full decentralized system is not that great either because if they can refrain from being sheeps, having other scientists review their findings (NOT "reviewing" 500 papers on climate change in 1 year and quoting them to end up in google top results - reviewing 500 papers in 1 year is the equivalent of running 500 marathons in 1 year) adds tremendous value. Also having a place to do their research helps. I think great discoveries are made in isolation, from others, Tesla said this, helps the mind be more creative and helps ignore "dogmas" but you need to share those at some point, and you need or might need to base your research on what others have done before, you could also use the support of a university such as equipment... Opinions (non dogma), others expertise on a subject can help even if you go full solo work on a specific subject for 10 years. ==> Same, a hybrid system has been proven to work best. So final word. Fully centralized or fully decentralized systems generally are not great to really very bad. It's shocking how obvious it is what the solution to almost everything is but the majority is too blind to see it. Any country or company that goes the Hybrid route is almost instantly an investment for me.
TVC:DJIEducation
by MrRenev
1
Happy anniversary Bitcoin.From a 1989 article in the The Wall Street Journal, by Victor Niederhoffer, speculator: Speculators don't only create bubbles (not sure short term speculators make bubbles happen, they might actually smooth them). The Federal Reserve was created by a US president to separate the money supply from the government. But they ended up being control freaks very destructive. I'll make another idea more detailed on that, in particular on the Bretton Woods system. Satoshi in his white paper, published 11 years ago, said: And 6 months later he said: "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." I do not know a single Fiat currency outside of the British Pound that stood the test of time. And just 4 months after this, Bernanke told US politicians "The Federal Reserve will not monetize the debt". Because it was temporary apparently. Today the FED has pumped the stock market to a point where the rich are so rich and the poor so poor than 1/3 of US citizen get in debt just to eat (corporate buybacks did not help). Europe is not better. Some countries even have negative interest rates and they are looking into "deep negative" rates, like -10% a year. The IMF has a guide on Enabling Deep Negative Rates to Fight Recessions www.imf.org The central banks are debasing currencies. And it's actually hurting the 90%. They keep pushing this pyramid scheme up. The problem is, a peer to peer system can't even fight those low IQ central authorities, because they are just going to ban it. They're going to have to end up in jail. The UK drifted to the right, the US drifted right, but also left, actually very far left it's scary. Those central morons that think they are helping (are they really that stupid? It has to be intentional) won't stop, and won't let people save cash, buy gold. So maybe citizen voting far left or right is necessary. But do those politicians understand they have to get rid of the central banks (or reduce their powers)? All I hear is "white man bad, rich people evil, let's stop progress" it's like none of them has a clue what the real issues are. Bitcoin reached a point where it went into a mania attracting alot of gullible unskilled speculators excited by stories of "Bitcoin millionaires". The tech reached its saturation point, it can't scale further, and there is very low interest in using it as a viable currency. I hope it will remain in history as a great prototype and not just a speculative bubble that cause "innocent people" to lose their shirts. Bitcoin ended up being a ponzi/pyramid scheme, with early adopters making a huge amount of money on the back of late adopters. But anyway, it possibly opened the way. Central banks have done so much harm. Over and over. Just like governments trying to prevent traders from trading or forcing prices. Take the example of oil demand being high on the east coast because it's terribly cold, and demand is very low on the west coast. When the government forces a price, traders have no incentive to buy cheap on the west and sell high on the east (as price is not moving even with supply and demand varying). And so on the west coast they warm their swimming pools they don't use, while on the east there is not enough Oil for everyone and people are cold. I could list so many examples. Over and over same story. Perhaps we could evolve into having currencies that are not completely controlled by some central authority. The gullible victims that are dreaming of lambos would really love to see their favorite ponzi scheme be bought by everyone (greater fools). But I have a better solution: The free market. Let's let currencies not be controlled in such a way, or very minimally, let's let the stock market not be controlled, and let them fluctuate naturally as they should. Ultimately it does not even matter what currency we use, it's just a number to help make things convenient, to help with trade. As long as it has the basic qualities it's all good. Central institutions hear about Bitcoin and immediately they want to control it... Risible... Crypto gambling moonboys don't care of course, but using a crypto will serve no purpose if it is fully controlled by a central bank. What we really need is to get rid of ultra controlling and manipulative central authorities. Central banks power must be reduced. Governments too. Their role should be of regulation, administration, resolving conflicts, governing the military (with limitations)... Not manipulating and spending like degens. Look around, there are great examples of centralized systems, decentralized ones, and mixed. But I think the best ones are a fusion of both. Just some examples off the top of my head... Central powers have to stop sticking their filthy paws everywhere, preventing innovation and causing poverty and generally pain & destruction. Let people with a financial incentive to do good, participate freely in the economy. There is no simple workaround. We have to get rid of all controlling central authorities. No alternative. Just like Ron Swanson said. Satoshi was right. We need to get rid of central institutions.
BITSTAMP:BTCUSDEducation
by MrRenev
36
ITS TIME TO INVEST IN THE DATA MARKETPLACE, WIBBTC BUY TIME! WIBSON is a decentralized data marketplace that employs blockchain technology in ensuring the secure and anonymous monetization of validated personal information. Simply put; it is the easiest way to earn money from securely sharing your personal information. Social media platforms over the years have become data moguls, profiting from the data of its users with the data-owners receiving, in most cases. The advantage of the Wibson stage is that the information for the dealers will stay without anyone else gadgets until the minute they choose to offer it. What's more, as of now is the point at which their encoded information is straightforwardly scrambled to the information purchasers on the stage. The organization has guaranteed they are not in charge of the merchant's information as they don't get or store it, just to guarantee the dealers have unlimited oversight. WIB is the shortened form of WIBSON Token, it will be the standard cryptocurrency used for making portions for organizations rendered on WIB mastermind, after Beginning Coin Offering no WIB token will ever be made, printed or mined. WIB will fuel the progression of the framework and besides give speedy, secure, direct, successful trades on the framework. WIB token offers the probability of moving or buying of securing data while actualizing the use of data keeps running as set by the owner of the data. Based on the analysis at the moment, WIBs are Low in Price at the moment, which is a good time to buy.
W
by IamChijamz
Skycoin - Lots of new coming up in Q3After Bitcoin appreciated from $3,200 to $9,000 in two months it has been confirmed the general market sentiment has turned bullish. It is very unlikely Bitcoin will make fresh lows which means we are at the early stages of a bull market. I am especially interested in Skycoin because of the news that is about to come out in the third quarter. The upside potential is huge because they have been around since 2014 and have continuously invested in upgrading their platform even during the bear market which is a strong signal they are taking this project serious and are willing to continue despite the hype dying down.
SLong
by Btcharlatan
Why this weekend matters moreA weekend sell off , something that happens with regularity , would at this time be DEVASTATING to the community and future of crypto , decentralization , and everything that decentralization stands for. Decentralization stands for ideals once heald as canon , writ , and close to heart. Freedom is something that many have died in the act of it's preservation. Privacy , once taken for granted here in America , no longer exists in the form it used to. Decentralization is part of a movement that would take some of that back. Freedom , privacy , and ultimately less of BIG government. Both conservative and liberal goals at stake here. Likely your money as well. This community is based on a consensus of the people , and the behavior of said people. Don't be scared by Dr. Doom - if his theories ring true there is far more to fear than the end of crypto. CENTRALIZED digital globalization will usher in an age where your secrets are no longer yours to keep. Don't let it happen. Be active in the community. Advocate , and call out bullshit when you see it. Don't allow another increment in the battle to save autonomy as we know it be lost to naysayers and propaganda. This market IS WHAT IT IS , and that is WHAT YOU MAKE OF IT. Right now it's a bloody mess. This is where people should be turning TO in the face of traditional market loss, not away from. Fear of not getting out is just as potent as fear of missing out , but it is important to remember that Bitcoin led that parabolic rise , and it could have continued but for profit taking , but the position of Bitcoin is all too often looked at as a representation of the market as a whole. Exchanges need to be encouraged by their clients , if currencies are to be coupled , to ACCURATELY keep up with exchange and keep a rate that is not arbitrage. If you are staying in digital . Bitcoins declines should be another coins gains , not the signal of a trend. On a Stock exchange , if one stock falls the entire market doesn't necessarily follow , and stocks aren't "coupled." Perhaps decoupling would solve issues of volatility , but would also incur more transaction fees if a person wanted to move from one currency to another. The "Maker - Taker" model could be adopted if decoupling occurred , and strategy could minimize fee's. Caveat Emptor - **I am self taught and do not possess a license to advise people what to do with their wealth. In this instance I am speaking about freedom and privacy more than anything else.
BITSTAMP:XRPUSD
by Cryptocautious
What to think, media etc.As of this writing , BTC is trading at 4234.20 , XRP at just .39622 ; and among these developments , the media has flipped - first displaying what could be taken for honesty , now piling on stories about Dr. "Doom's" predictions , especially that central bank electronic currency will obviate blockchain , BTC , and any other form of current crypto. What happened to the standard of the press of ages old ; unbiased, neutral coverage of the news?? Just days ago , a writer on C.C.N. advised that now was a wonderful opportunity to "buy the dip." I wrote about that article , as it had quoted a price for BTC that simply was not correct as of the writing. Now the crypto-media has shifted it's bias against current forms of digital currency , and blockchain technology in general. Why are more and more use cases for blockchain being found , adopted and used if it is so flawed?? From fortnite and non-fungible in game tokens to the tracking of chickens , to government's abroad adopting the technology for Medical research all the way to monitoring such things as the South Korean beef supply if it is useless? Overstock's CEO is selling the retail company to focus on blockchain. Bitcoin and blockchain came as a package , but they are far from inseparable. Despite the growing adoption of blockchain tech , magazines such as Forbes claim it has found no use. People looked at Satoshi Nakamoto's work and were blown away by the genius of it , yet a Bitcoin transaction can take from 20 minutes to an hour. Cryptocurrencies are not all the same , just as blockchain doesn't equal Bitcoin , Bitcoin does not equal digital transaction technology. Ripple has developed a network that can currently process 1500-2000 transactions per SECOND. Think about that. It will improve from there if it is allowed to, and while their network does not require that people use XRP as a store of value or medium of exchange , XRP is the native currency of the network. According to google , the XRP ledger is more decentralized than Bitcoin and Ethereum , and that is the goal here is it not?? Why would people adopt centralized , bank controlled fractional reserve digital currency if privacy and freedom from government control are the goal? Banks in the United States , if not elsewhere as well , operate using the "Fractional Reserve System." To better explain ; this is why your current cash and bank holdings are called fiat currency. This is also why they only guarantee up to 100k in the U.S. , because it is plausible that a financial crisis severe enough would mean that your bank might not have your funds in full. Banks no longer back a note for legal tender with it's equivalent in Gold or Silver , they only back a fraction of it , hence the term Fractional Reserve. The supposed reason behind this is so they can expand the economy by freeing up capital (YOUR CAPITAL) so that it can be loaned to other parties, and while current bank interest rates are as low as 0.1% in cases, the interest on the loans issued to a small business are as high as 6% and in many cases higher. Who profits most?? The BANKS , and when they print money and become reckless with their lending so as to accrue more interest , things like the financial collapse of 2008 happen. Why?? GOVERNMENT BAILOUTS. Who pays for that?? YOU , the taxpayer!! We are reaching a point where I wouldn't suggest to anyone that they should believe ANYTHING reported by the press in regards to money , commerce or the economy. The term "fake news" all too often rings true these days. So who is behind that? Big Money (ie. Banks,) GOVERNMENT - all of which NEED you to believe in your native currency , and the real Blue Bloods , the perhaps 10-20 families that really control the World. If you think the Presidency of the United States is the height of power , you are mistaken. Just do some fact finding. The REAL people in power are the ones who control the money , and they aren't the puppets operating whatever reserve applies . Those are elected and appointed figureheads , as the people who control wealth very rarely reveal themselves. THIS IS WHY DECENTRALIZED CURRENCY MEANS SOMETHING! It is controlled by a consensus of the people who own and barter it , and those people are LETTING THEMSELVES DOWN! If you want to live in a world where every moment you spend is known to Government entities than by all means , abandon cryptocurrency in it's dark hours. With the digital age has come new forms of coercion and control , and all that requires is the quiet herd mentality of the people it governs. Power will become more and more consolidated as the rich get richer and the middle class evaporates. We are being made fools of , and we are allowing it to happen. Why? Don't believe everything that you read. With the likes of Dr. Nouriel on one end and Mike Novogratz on the other it is important to remember that the loudest voice in the room is most often the weakest in the room. Who wouldn't be confused?? So Craig Wright and company push a button and now crypto is done? Think about who is being allowed to do that. I'm not a financial advisor and I am not pushing anything other than the freedom that Decentralization implies. Decentralization doesn't need to be mined , it needs to be demanded , practiced and achieved. Nurtured. Protected. Demanded. I also suggest reading "The Shock Doctrine," a wonderfully enlightening book by the very astute Ms. Naomi Klein. In the meantime try to stop damaging yourselves and the future by devaluing freedom and privacy. Caveat Emptor , and that applies also to the information you "buy" into.
BITSTAMP:XRPUSD
by Cryptocautious
$AGI Buy on Breakout? Chart is so Tempting to not to!SingularityNET or the ticker AGI having 1B total supply with almost 55% of it on circulating. Having $24M+ marketcap and ranked as #181 on coinmarketcap.com. AGI is working on Decentralization Artificial Intelligence Network thing. This token quite new as it was got listed on Coinmarketcap on January this year and been experiencing a quite down market and not have yet any significant pump on the chart. What is really get me interested is the chart looks really flat right now. It started on August 31st and the chart ranging with the bottom 591 and and the resistance 754 ever since. Judging from price action, it was starting the second trial to break this resistance as it fail then resulting quite long wick and after two days the chart right now looks great to re-test. Why i'm buying because the volume is quite convincing and i think the whale already put quite nice bet on this one. Secondly, I haven't seen the bearish indicator on my SAR yet, plus RSI heading north. With all of those being said. I bet AGI is quite tempting right now. Trade safe!
ALong
by blockchaindedi
NXT Long Trade I've got two sets of Fibonacci lines here, which is different and cumbersome on the eyes, but it's useful. Market cap for NXT is 87 million, in the middle of June this year it was at 220 million, and circulating supply is a billion coins. This is another liquid coin with an established presence and community for a few years, because of that there is an element of relative safety in holding this coin. Coins with millions of dollars in daily volume consistently are a better bet because you're not going to be trapped. The market may not do what you like, but at least you'll be able to move in and out when you need to. My advice on that has been to own the underlying asset and hold it, if you're new to this and you're using margin trading you're going to lose, don't give your career a premature funeral. Those who would have you day trade and use heavy margin positions stand to profit from your losses, we all must avoid that behavior, because that is the epitome of reckless speculation. Look for attractive entries and buy the dips over the next few months, the bounce is only a matter of time. Keep Hunting Everyone.
NLong
by Piptocurrency
BitShares (BTS) Analysis: How BTS Can Make NEW MultimillionairesThe Idea was released by @haejin ot Steemit. This is the copy for TV audience. SUMMARY I am VERY BULLISH on Bitshares (BTS). In this blog post, a log chart is used to analyze Bitshares with Elliott Waves. The below chart shows white roman numeral waves i,ii,iii,iv,v and these are sub waves to the blue wave. 1. Elliott Waves states that after five waves, there is a requisite three waves retracement as shown by the red waves a,b,c. These a,b,c waves also compose the sub waves of blue wave. 2. As a Technical Analyst, I believe the ideal time to buy is at the terminal end of such an a,b,c correction. This is because there is a high confidence event for a trend change to turn up. Since blue wave 1 is complete and blue wave 2 is also or about to with perhaps one more dip, though not required, the next significant wave to be expected is blue wave. 3. This blue wave 3 is expected to take BitShares to never seen price levels. I note that this is a logarithmic chart and not a linear chart so the price ranges are very different. Regardless, Elliott Waves chart five waves. In this chart I have placed also blue waves 4 and 5 which peaks at $342. steemit-production-imageproxy-thumbnail.s3.amazonaws.com No, I'm not delusional. I'm sane in mind and spirit. My analysis is based on Elliott Waves and Chart Pattern Recognitions. Using these have brought sizable profits. I now hunt for that next MASSIVE profit potential and see BitShares as the prime target. It is this kind of opportunity that mints new millionaires, regardless of age, race or creed. A high school student who invests $50 to buy 1,000 BTS at $0.05 could be the owner of quite a bit of dollars should blue wave 5 transpire, and I believe it could. An investment of 10,000 BTS could lead to life changing events. Owners of 500,000 or more BTS would perhaps gain unbelievable resources to help others and do no harm. Elliott Waves states that a news or an event shall arrive to justify the forecast, and not the reverse. So, what event could propel BitShares to such heights? Didn't Bittrex just try and stomp it out of existence by de-listing it? The truth is, I truly don't know what could cause such a bullish rise. Perhaps the government will finally try and start regulating the centralized exchanges in the name of the IRS or SEC. This would cause many wallet holders in these centralized exchanges to suddenly desire de-centralized local wallets!
Long
by Reachbig
10
Why Digital Assets Win: % Change, Compounding Returns, Low FEESThis is why digital assets are so lucrative and why they're so dangerous. Here is a long-term chart that shows traditional major US equities indices alongside the Gold market (the red and blue bars), as well as Bitcoin, Ethereum, and a few other promising digital assets. This chart shows precisely why Siacoin, DigiByte, and others are worth examining closely: the volatility is astounding. It's absurd. It's outrageous. And it's profitable. But you need to understand the technology, too. This chart is undeniable proof that alternative digital assets dwarf Bitcoin volatility, while having existed for only a fraction of the time. So, why WOULDN'T you invest in them??? The answer is so simple it' stupid.
FOREXCOM:XAUUSDLong
by Piptocurrency