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.
Innovation
Ascending triangle could be forming after an all time lowHaydale recently had some results published and seems that fundamental good news have managed to stop the downtrend.
Will this reversal start trending? We don't know yet but we will be keeping an eye in the following days and weeks since a bright feature can be awaiting behind the corner for this company.
To read the latest report from hardmanandco just google for "hardmanandco report haydale"
CVS attempting rising wedge breakoutCVS has been testing the upper trend line of its rising wedge, which it has breached a couple times in the last two days. The last three days have also seen heavy call option buying activity. CVS has a very bullish 9.4/10 Equity StarMine rating, and it's rated as extremely undervalued by S&P Capital IQ.
Investors are betting, in part, that CVS will benefit from the bankruptcy of Fred's, a major competitor. CVS is also now going to be selling a CBD (cannabis) product from SocialCBD. Plus, CVS has big plans to open 50 HealthHUB stores, low-cost clinics that will leverage artificial intelligence as a diagnostic tool. This could help disrupt the cost bubble in the healthcare industry.
I don't know that the rising wedge will necessarily break today, but I do think that CVS should see continued strength in the coming year. This is a good long-term buy and hold.
Electroneum pushes sideways but for how long??Hello everyone and welcome back. Hope everyone is having a great summer! Looking at the #ETN chart we can see sideways action over the past few weeks. In my last updated, I did mentioned this was to be expected, even after the upgrades to Electroneum's blockchain. The reason is simple, we have more hodlers and sellers then buyer. Now, thanks to the upgrades and partnering with NGOs for mining purposes, as well as others, we see less selling pressure. In the chart above I outlined two things.
1) Descending Wedge - If ETN follows this wedge downward then it is likely we can see low 20s, which was the case when we were in the mid 40s and I called mid 30s. However, even if we dip to low 20s I believe it will be short lived. The other possible scenario is that we break the wedge sooner within the next 10 days and continue with the sideways action between 40 - 60 sats. We need to wait for confirmation before deciding on the direction of ETN long term.
2) The bottoming Curve - When a trading asset bottoms out, it creates a curve where the price initially spikes after tremendous downward pressure then it creates a lower low and begins to move sideways along this curve until it breaks free to the upside. In about 10 days we should be around the middle of this curve.
Electroneum is a project that showed great potential from day one, but the direction of the company was never clear until NOW. After the last blockchain upgrade we have a clear understand of where the team wants to take us. The next half of 2019 is looking very promising. If there was ever a time to accumulate and fill your bags it would be now!
Everyone enjoy your summer, keep your bags safe and don't believe the FUD. The greatest things in life come at a great price so patience is key.
This is not investment advice. This is only for educational and entertainment purposes.
Awareness619
$TSLA Pump or die $TSLA $TESLA$TSLA
If we don't jump anytime we will fall deep in to the low $200 and maybe even to $150 in next couple weeks.
Earnings result went in the price in the open markt, pre-market it did hold very well like my last post about $TSLA.
A lot of downside energy is being made, pump or die $TSLA.
You can consider short positions if we fail to jump on Friday.
Maximum target could be around $150.
It's crazy if you think that we are at the prices of 2017 back again, and maybe even go to 2016/15 prices. The company did way more innovations than you would think if you see the price.
ARKK - Trend UPAMEX:ARKK Indicators show a Stochastic Overbought Reversal (sell) for the coming 2 days,
But a stable upward trend for the long term (bullish) for the Intermediate timeframe.
Disclaimer: i'm not a pro, this is not investment advice. Do not make investment decisions based off my Internet comments or ideas.
New trading strategyNew trading strategy:
1. Find an asset in which you believe, an asset you believe in the long term will 10x or 100x, do the research properly. Try to have a big portfolio for the trading of this asset ( the money you are willing to invest and the money you are willing to trade)
2. Do your fundamental and technical analysis.
3. Start your trading using the dollar cost averaging, place only small positions (in between 0.5% and 5% of portfolio, depending on the risk of the trade) how ever here it is with no stop loss, only take profit or you sell for a profit your self( this is how I like to do it most of the time), if after a rise you are able to place a stop loss that is in profit you may.
4. If you were unable to take profits, and you position is in the negative. You wait until it is in profit again, this is why it is very important to choose an asset with value. So technically, your loosing trades become long term investments.
For example, I do this with XRP, I did my research saw a tremendous value. I studied the charts, and I have been trading XRP for a week now, for now I have 3% of my original portfolio in investments, however with my trading I already gained back those 3%. So my profits are sitting as long term investments which I believe will 100x in the future.
This is why you want to focus on one asset, understand it and get familiar. By doing this, you will be holding an asset you truly studied and like, this takes away the fear of loosing money, because you don't see them as losses anymore but as investments.
The risks :
If you saw value in an asset which actually does not, you could loose all of your investment, so do your research seriously.
If you do your research but still are hesitant, or if down the line you forget why you started this, the fear could come back when you see all time lows and you could sell for a huge loss.
Basically, the risks are those that come with investing.
You also have the risks of day trading, which is completely logical as you are day trading or intraday trading.
The benefits:
If well executed, you will have no trades for a loss, only green !
It will be easier to accept a negative positions.
It brings you profit in the short term and brings you huge profits in the long term.
Since I "created' this strategy it has been working wonders for me so I wanted to share it.
If you like it, please get in contact with me, I always like to get new contacts who are traders.
If you have any questions please don't hesitate.
Thank you for reading,
Piers
[CSCO] Strong Tech Name Looking to break Resistance at ATHCisco, it's got the story. It's got the upcoming earnings .
Besides the technical charts showing strength, it's attractive and I'm surprised I haven't heard a lot of news coverage given earnings coming up.
CSCO 0.72% has the cloud thing going on, it's got the telecoms aspect in a digital way that integrates with its cloud and enterprise solutions. Having that sort of niche-type aspect of cloud solutions seems solid since the competition isn't coming from broader Cloud players like AMZN 0.98% , GOOGL 2.87% , MSFT 1.18% , etc.
Intensive focus on a niche-(ish?) areas in the future of tech is always a buy for me. AAPL 0.70% has been doing the same thing since the 80's without giving a damn about all the people saying that the company is dead if they don't branch out.
“People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are... Innovation is saying no to 1,000 things." - Steve Jobs
Death Slide - Lack of innovation?This is what happens when there is no culture of innovation, a slow death slide. This is the MONTHLY chart of Sears -- who at one time was the nation's largest retailer during my grandparents generation.
Now they are forced to sell off their primary assets to buy more time to try to stay on life support.
$SHLD never recovered from their May 2007 high, 10 years later, stock is down almost 96%... ouch!
Revenue: 23.39B
Net Income: -2.194B
Book value: -31.59 (that's less than zero)
SCTY RIDDING ITS RESISTANCE LINENASDAQ:SCTY is running its resistance line at 27.36. While it does seem to be also following its channel. With both trends in mind I would say SCTY may fall tomorrow, but still follow its resistance line until August 1st. It may start to increase slightly and then fall.
Technology Breakthroughs and the DOW at 40kOver the years we've seen consumer adoption of breakthrough technology spur huge economic growth. We saw it with the radio (~1920), the TV (~1948), and the PC (~1982).
If you go to Silicon Valley today, you will see people paying for coffee in Bitcoin, cars driving themselves, VR becoming common at home. You'll hear talk of CRISPR, and how it can be used to immunize humans retroactively from previously incurable viruses, or edit mutated cancer genes in real-time. And maybe you've heard of a guy named Elon Musk.
The internet has matured, and the unprecedented technology that it has grown will be coming to market over the next 5 years. This is not like anything we've seen before.
Though we'll likely see a dip, the long term growth will be explosive.
Hold onto your butts.