Category: #Enemy

Your Silence…

Silenceย is the absence of ambientย audibleย  sound, the emission of sounds of such lowย intensityย that they do not draw attention to themselves, or the state of having ceased to produce sounds; this latter sense can be extended to apply to the cessation or absence of any form ofย communication, whether throughย speechย or other medium.

Sometimes speakers fall silent when they hesitate in searching for a word, or interrupt themselves before correcting themselves.

Discourse analysisย shows that people use brief silences to mark the boundaries ofย prosodic units, inย turn-taking, or as reactive tokens, e.g., as a sign of displeasure, disagreement, embarrassment, desire to think, confusion, and the like.

Relatively prolonged intervals of silence can be used inย rituals; in some religious disciplines, people maintain silence for protracted periods, or even for the rest of their lives, as an ascetic means of spiritual transformation.

Joseph Jordaniaย has suggested that inย social animalsย (includingย humans), silence can be a sign of danger.

Many social animals produce seemingly haphazard sounds which are known asย contact calls. These are a mixture of various sounds, accompanying the group’s everyday business (for example, foraging,ย  feeding), and they are used to maintainย audioย contact with the members of the group.

Some social animal species communicate the signal of potential danger by stopping contact calls and freezing, without the use ofย alarm calls, through silence.

Charles Darwinย wrote about this in relation with wild horse and cattle.ย Jordania has further suggested that humanย hummingย  could have been a contact method that early humans used to avoid silence. According to his suggestion, humans find prolonged silence distressing (suggesting danger to them).

This may help explain why lone humans in relative sonic isolation feel a sense of comfort from humming, whistling, talking to themselves, or having the TV or radio on.

See Also:

With ๐Ÿ’š

Best Pool Rules

Best Pool Rules

In my opinion, more or less in order:

1) ย Lowest fees

1a) ย Shares transaction fees

1b) ย Any pool that does NOT share transaction fees should be rejected from consideration (which, unfortunately, is most, if not all, Chinese based pools)

2) ย Reasonable variance – You need to get paid often enough to be happy. This is a tough one.

Variance is the close cousin to “Luck”.

The luckier a pool is, the more blocks it finds relative to its hashing speed, and the less variance it will have. ย But its not a real thing! ย “Luck” could change any microsecond.
ย “Luck” is just mathematical statistics – over a long enough time period, all pools will average out to 100% luck.

Luck Statistik for 14 Blocks

You need to understand Variance:

A big pool finds more blocks, but distributes the earnings out to more miners. ย 

A small pool is just the reverse: ย it finds fewer blocks, but pays those earnings to fewer people. Over the long run, Rule #1, well, rules.

3) ย Wind-up/Wind-down time – Most pools use some leveling algorithm.

4) ย User Interface – That doesn’t matter much if you have a few miners. ย If you have hundreds, the difference can be thousands of dollars a Year.

Notes:

A) In the long run #2 & #3 really don’t matter much. ย Both pools show your hashing rate in minutes, payouts just lag on Kano compared to Slushpool, but would continue longer if you changed in the future

B) Bigger is not better. ย Sure Antpool is #1 in size, in no small part to Bitmain using their own pool (no fees for them!). ย  Your profit will be determined mostly by rule #1 – lower fees mean more profit.

C) More, smaller, pools is healthier for the blockchain. ย If you can live with the variance, support the pool with the longest average payout you are happy with.

D) For pools with long ramp up times that are relatively small, like Kano, you MIGHT suffer due to difficulty changes while you ramp up.

For smaller pools, make sure you understand what happens to your efforts (based on their scoring system) when a difficulty change occurs.

The Laws are Unjust

As we’ve seen over the many years that this rag has been written (and beyond) companies who are able to fund whole teams dedicated to data security have been wholly ineffective at storing that data safely.

With the passage of this new law EU officials are actively putting citizens in harm’s way by irresponsibly trying to force bitcoin users to collect and store each other’s data. This is if you believe that is the actual intention behind this move.

In reality, this move likely serves as a pure intimidation tactic to coerce people to use trusted third parties when transacting with bitcoin.

A heavy handed shove into easily controlled vectors. If too many users are in control of their own private keys, run their own nodes, and are up to date on best privacy practices when transacting it is much harder to stop bitcoin.

And make no mistake, these people want to stop bitcoin at all costs.

They do not want you to be free.

They are quickly losing their grasp of control on the populace and they are moving as quickly as possible to clamp down in an attempt to retain control.

You are not meant to have privacy in their eyes. You are inherently a criminal in their eyes. These people think you are disgusting cattle who needs to be led at every turn.

It does not have to be this way. You do not have to succumb to the madness of these people. All it takes are a few decisions.

Speak up!

Act!

Disobey!

There is a silent majority out there who knows this type of attempted control is inherently wrong.

It is anti-human!

It is evil!

This silent majority needs to begin developing the courage to speak up.

Call out the abject insanity of allowing unelected institutions like the Financial Action Task Force write freedom restricting guidelines that get adopted by governments like the EU.

Learn how to run your own node, how to produce your own private/public key pairs, and how to destroy chain analysis heuristics with privacy best practices.

Make the tyrant’s job as hard as possible!

Disobey!

Stand up and defend freedom in the Digital Age by actively defying their unjust laws.

“If a law is unjust, a man is not only right to disobey it, he obligated to do so.”

It is your duty as an individual to disobey these incredibly invasive and tyrannical “laws”.

If you don’t disobey your progeny may not have the opportunity to. The time to counter punch is right now. Get on it.

Source: https://tftc.io/

Seven common mistakes crypto investors and traders make?

Cryptocurrency markets are volatile enough without making simple, easily avoidable mistakes.

Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them.

Cryptocurrencies were designed to operate in a decentralized manner. This means that while theyโ€™re an innovative avenue for global peer-to-peer value transfers, there are no trusted authorities involved that can guarantee the security of your assets. Your losses are your responsibility once you take your digital assets into custody.

Here weโ€™ll explore some of the more common mistakes that cryptocurrency investors and traders make and how you can protect yourself from unnecessary losses.

Losing your keys

Cryptocurrencies are built on blockchain technology, a form of distributed ledger technology that offers high levels of security for digital assets without the need for a centralized custodian. However, this puts the onus of protection on asset holders, and storing the cryptographic keys to your digital asset wallet safely is an integral part of this.

On the blockchain, digital transactions are created and signed using private keys, which act as a unique identifier to prevent unauthorized access to your cryptocurrency wallet. Unlike a password or a PIN, you cannot reset or recover your keys if you lose them. This makes it extremely important to keep your keys safe and secure, as losing them would mean losing access to all digital assets stored in that wallet.

Lost keys are among the most common mistakes that crypto investors make. According to a report from Chainalysis, of the 18.5 million Bitcoin (BTC) mined so far, over 20% has been lost to forgotten or misplaced keys.

Storing coins in online wallets

Centralized cryptocurrency exchanges are probably the easiest way for investors to get their hands on some cryptocurrencies. However, these exchanges do not give you access to the wallets holding the tokens, instead offering you a service similar to banks. While the user technically owns the coins stored on the platform, they are still held by the exchange, leaving them vulnerable to attacks on the platform and putting them at risk.

There have been many documented attacks on high-profile cryptocurrency exchanges that have led to millions of dollars worth of cryptocurrency stolen from these platforms. The most secure option to protect your assets against such risk is to store your cryptocurrencies offline, withdrawing assets to either a software or hardware wallet after purchase.

Not keeping a hard copy of your seed phrase

To generate a private key for your crypto wallet, you will be prompted to write down a seed phrase consisting of up to 24 randomly generated words in a specific order. If you ever lose access to your wallet, this seed phrase can be used to generate your private keys and access your cryptocurrencies.

Keeping a hard copy record, such as a printed document or a piece of paper with the seed phrase written on it, can help prevent needless losses from damaged hardware wallets, faulty digital storage systems, and more. Just like losing your private keys, traders have lost many a coin to crashed computers and corrupted hard drives.

Fat-finger error

A fat-finger error is when an investor accidentally enters a trade order that isnโ€™t what they intended. One misplaced zero can lead to significant losses, and mistyping even a single decimal place can have considerable ramifications.

One instance of this fat-finger error was when the DeversiFi platform erroneously paid out a $24-million fee. Another unforgettable tale was when a highly sought-after Bored Ape nonfungible token was accidentally sold for $3,000 instead of $300,000.

Sending to the wrong address

Investors should take extreme care while sending digital assets to another person or wallet, as there is no way to retrieve them if they are sent to the wrong address. This mistake often happens when the sender isnโ€™t paying attention while entering the wallet address. Transactions on the blockchain are irreversible, and unlike a bank, there are no customer support lines to help with the situation.

This kind of error can be fatal to an investment portfolio. Still, in a positive turn of events, Tether, the firm behind the worldโ€™s most popular stablecoin, recovered and returned $1 million worth of Tether (USDT) to a group of crypto traders who sent the funds to the wrong decentralized finance platform in 2020. However, this story is a drop in the ocean of examples where things donโ€™t work out so well. Hodlers should be careful while dealing with digital asset transactions and take time to enter the details. Once you make a mistake, thereโ€™s no going back.

Over diversification

Diversification is crucial to building a resilient cryptocurrency portfolio, especially with the high volatility levels in the space. However, with the sheer number of options out there and the predominant thirst for outsized gains, cryptocurrency investors often end up over-diversifying their portfolios, which can have immense consequences.

Over-diversification can lead to an investor holding a large number of heavily underperforming assets, leading to significant losses. Itโ€™s vital to only diversify into cryptocurrencies where the fundamental value is clear and to have a strong understanding of the different types of assets and how they will likely perform in various market conditions.

Not setting up a stop-loss arrangement

A stop-loss is an order type that enables investors to sell a security only when the market reaches a specific price. Investors use this to prevent losing more money than they are willing to, ensuring they at least make back their initial investment.

In several cases, investors have experienced huge losses because of incorrectly setting up their stop losses before asset prices dropped. However, itโ€™s also important to remember that stop-loss orders arenโ€™t perfect and can sometimes fail to trigger a sale in the event of a large, sudden crash.

That being said, the importance of setting up stop losses to protect investments cannot be understated and can significantly help mitigate losses during a market downturn.

Crypto investing and trading is a risky business with no guarantees of success. Like any other form of trading, patience, caution and understanding can go a long way. Blockchain places the responsibility on the investor, so itโ€™s crucial to take the time to figure out the various aspects of the market and learn from past mistakes before putting your money at risk.

Source: https://bitcointalk.org/

Seven common mistakes crypto investors and traders make?

Cryptocurrency markets are volatile enough without making simple, easily avoidable mistakes.

Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them.

Cryptocurrencies were designed to operate in a decentralized manner. This means that while theyโ€™re an innovative avenue for global peer-to-peer value transfers, there are no trusted authorities involved that can guarantee the security of your assets. Your losses are your responsibility once you take your digital assets into custody.

Here weโ€™ll explore some of the more common mistakes that cryptocurrency investors and traders make and how you can protect yourself from unnecessary losses.

Losing your keys

Cryptocurrencies are built on blockchain technology, a form of distributed ledger technology that offers high levels of security for digital assets without the need for a centralized custodian. However, this puts the onus of protection on asset holders, and storing the cryptographic keys to your digital asset wallet safely is an integral part of this.

On the blockchain, digital transactions are created and signed using private keys, which act as a unique identifier to prevent unauthorized access to your cryptocurrency wallet. Unlike a password or a PIN, you cannot reset or recover your keys if you lose them. This makes it extremely important to keep your keys safe and secure, as losing them would mean losing access to all digital assets stored in that wallet.

Lost keys are among the most common mistakes that crypto investors make. According to a report from Chainalysis, of the 18.5 million Bitcoin (BTC) mined so far, over 20% has been lost to forgotten or misplaced keys.

Storing coins in online wallets

Centralized cryptocurrency exchanges are probably the easiest way for investors to get their hands on some cryptocurrencies. However, these exchanges do not give you access to the wallets holding the tokens, instead offering you a service similar to banks. While the user technically owns the coins stored on the platform, they are still held by the exchange, leaving them vulnerable to attacks on the platform and putting them at risk.

There have been many documented attacks on high-profile cryptocurrency exchanges that have led to millions of dollars worth of cryptocurrency stolen from these platforms. The most secure option to protect your assets against such risk is to store your cryptocurrencies offline, withdrawing assets to either a software or hardware wallet after purchase.

Not keeping a hard copy of your seed phrase

To generate a private key for your crypto wallet, you will be prompted to write down a seed phrase consisting of up to 24 randomly generated words in a specific order. If you ever lose access to your wallet, this seed phrase can be used to generate your private keys and access your cryptocurrencies.

Keeping a hard copy record, such as a printed document or a piece of paper with the seed phrase written on it, can help prevent needless losses from damaged hardware wallets, faulty digital storage systems, and more. Just like losing your private keys, traders have lost many a coin to crashed computers and corrupted hard drives.

Fat-finger error

A fat-finger error is when an investor accidentally enters a trade order that isnโ€™t what they intended. One misplaced zero can lead to significant losses, and mistyping even a single decimal place can have considerable ramifications.

One instance of this fat-finger error was when the DeversiFi platform erroneously paid out a $24-million fee. Another unforgettable tale was when a highly sought-after Bored Ape nonfungible token was accidentally sold for $3,000 instead of $300,000.

Sending to the wrong address

Investors should take extreme care while sending digital assets to another person or wallet, as there is no way to retrieve them if they are sent to the wrong address. This mistake often happens when the sender isnโ€™t paying attention while entering the wallet address. Transactions on the blockchain are irreversible, and unlike a bank, there are no customer support lines to help with the situation.

This kind of error can be fatal to an investment portfolio. Still, in a positive turn of events, Tether, the firm behind the worldโ€™s most popular stablecoin, recovered and returned $1 million worth of Tether (USDT) to a group of crypto traders who sent the funds to the wrong decentralized finance platform in 2020. However, this story is a drop in the ocean of examples where things donโ€™t work out so well. Hodlers should be careful while dealing with digital asset transactions and take time to enter the details. Once you make a mistake, thereโ€™s no going back.

Over diversification

Diversification is crucial to building a resilient cryptocurrency portfolio, especially with the high volatility levels in the space. However, with the sheer number of options out there and the predominant thirst for outsized gains, cryptocurrency investors often end up over-diversifying their portfolios, which can have immense consequences.

Over-diversification can lead to an investor holding a large number of heavily underperforming assets, leading to significant losses. Itโ€™s vital to only diversify into cryptocurrencies where the fundamental value is clear and to have a strong understanding of the different types of assets and how they will likely perform in various market conditions.

Not setting up a stop-loss arrangement

A stop-loss is an order type that enables investors to sell a security only when the market reaches a specific price. Investors use this to prevent losing more money than they are willing to, ensuring they at least make back their initial investment.

In several cases, investors have experienced huge losses because of incorrectly setting up their stop losses before asset prices dropped. However, itโ€™s also important to remember that stop-loss orders arenโ€™t perfect and can sometimes fail to trigger a sale in the event of a large, sudden crash.

That being said, the importance of setting up stop losses to protect investments cannot be understated and can significantly help mitigate losses during a market downturn.

Crypto investing and trading is a risky business with no guarantees of success. Like any other form of trading, patience, caution and understanding can go a long way. Blockchain places the responsibility on the investor, so itโ€™s crucial to take the time to figure out the various aspects of the market and learn from past mistakes before putting your money at risk.

Source: https://bitcointalk.org/

Sapere Aude

Etymology

It is from the epithet of a parable, explaining that a fool waits for the stream to stop before crossing, while a wise man forgoes comfort and crosses anyway.

The original use seems to be in Epistle II  of  Horace‘s Epistularum liber primus:

“Dimidium facti qui coepit habet: sapere aude” (“He who has begun is half done: dare to know!”).

Phrase

sapere audฤ“

  1. “Have the courage to think for yourself“
  2. “Have courage to use your own reason“, in the context of committing to tasks that need to be embarked upon, however unpleasant or awkward.
  3. “Dare to be wise”, the motto of the Enlightenment.

Usage notes

Kant answers the question in the first sentence of the essay: “Enlightenment is man’s emergence from his self-incurred immaturity (Unmรผndigkeit).”

He argues that the immaturity is self-inflicted not from a lack of understanding, but from the lack of courage to use one’s reason, intellect, and wisdom without the guidance of another.

Kant argued that using one’s reason is considered dangerous by most men and all women.

He exclaims that the motto of the Enlightenment is “Sapere aude“! โ€“ Dare to be wise!

“Enlightenment is man’s release from his self-incurred tutelage.

Tutelage is man’s inability to make use of his understanding without direction from another.

Self-incurred is this tutelage when its cause lies not in lack of reason but in lack of resolution and courage to use it without direction from another.

Sapere Aude!

‘Have courage to use your own reason!’- that is the motto of enlightenment.”

Immanuel Kant

Source:

https://wikipedia.org/

Secret IRS Files

ProPublica

Any more Questions ?ยฟ

Warren Buffett
Jeff Bezos
Elon Musk

End of Lesson !
Class Dismissed !
๐Ÿฅบ ๐Ÿคซ ๐Ÿ˜‰ ๐Ÿ™‚

P.S - Before any ๐Ÿง less ๐Ÿ‘pss start ๐Ÿ‘ing at any of these Wealthy "gentlemen" and their "charitable" acts for a country or the other... 

Take a deep breath...

And try to think...

If "one" that has a Wealth Growth of $13,900,000,000.00 Billions, has a Total Income Reported of $1,520,000,000.00 Billion and paid in Total Taxes 450,000,000.00 Millions, with a True Tax Rate of 3.27% sends Tech in countries that are of interest for so many reasons you would ๐Ÿคข๐Ÿคฎ๐Ÿคข ... 

Who's paying for the Tech ?!?

Me... You... My Momma... Your Momma !!!

End of story !!!

Use your ๐Ÿง  folks !!!

Use your ๐Ÿง  !!!

You already have it, it's almost FREE ๐Ÿ˜‰ ๐Ÿคฃ ๐Ÿ™‚
Source:

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

Trilemma of International Finance

Trilemma of International Finance

The relative value of any two curren-
ciesโ€”the exchange rateโ€”is determined
through their sale and purchase on the global foreign exchange market. If government policy interferes with this market by changing the relative supply or demand of currencies, the exchange rate is managed.

The trilemma of international finance, is a restriction on government policy that follows immediately from the interaction of exchange rates, monetary policy and international capital flows.

Trilemma of International Finance

The trilemma states that any country can have only two of the following:

  • (1) Unrestricted international capital markets.
  • (2) A managed exchange rate.
  • (3) An independent monetary policy.

If the government wants a managed exchange rate but does not want to interfere
with international capital flows, it must use
monetary policy to accommodate changes
in the demand for its currency in order to
stabilize the exchange rate.

In the extreme, this would take the form of a currency board arrangement, where the domestic currency is fully backed by a foreign currency (as in the case of Hong Kong).

In such a situation, monetary policy can no longer be used for domestic purposes (it is no longer independent).

If a country wishes to maintain control over monetary policy to reduce domestic unemployment or inflation, for example, it must limit trades of its currency in the international capital market (it no longer has free international capital markets).

A country that chooses to have both unrestricted inter-national capital flows and an independent monetary policy can no longer influence its exchange rate and, therefore, cannot have a managed exchange rate.

Pieters and Vivanco (2016), government
attempts to regulate the globally accessible
bitcoin markets are generally unsuccessful,
and, as shown in Pieters (2016), bitcoin exchange rates tend to reflect the
market, not official exchange rates.

Should the flows allowed by bitcoin become big enough, all countries will have, by default, unrestricted international capital markets.

Thus, with bitcoin, (1) unrestricted
international capital markets is chosen by
default.

Therefore, the only remaining policy choice is between (2) managed exchange rates or (3) independent monetary policy.

If the country chooses (1) and (2), it must use reactive monetary policy to achieve the managed exchange rate.

If the country chooses (1) and (3), it must have a floating exchange rate because it has no remaining tools with which to maintain a managed exchange rate.

Ali et al. (2014), the European Central
Bank (2015) and the Bank for International
Settlements (2015) all concur that cryptocur-
rencies may eventually undermine monetary policy.

With ๐Ÿ’š

Convergence of blockchain with AI and IOT

IoT and AI are growing exponentially

Internet of Things – IoT

A future of transacting intelligent machines

โ€ข Individually, each of these technologies deserves all the attention they’re getting as enablers and disruptors

โ€ข But, taken together?

โ€ข Their transformative effect becomes multiplicative

โ€ข A future driven by machine connectivity, data exchange and commercial services:

  • IoT connects billions of machines and sensors generate unprecedented quantities of real-time data
  • AI enables the machines to act on data and trigger services
  • Blockchain functions are the transaction layer where data and service contracts are securely stored and payments for services are settled

How does blockchain support intelligent connected machines?

โ€ข Smart Contracts enable self-executing and self-enforcing contractual states

  • Custom financial instruments (tokens), records of ownership of an underlying physical asset (smart property), any
  • complex business logic that can be programmable
  • Can such applications be ideal for intelligent (AI) and connected (IoT) machines?
  • These machines are intelligent enough to negotiate contracts, but need a technology allowing them to securely sign and enforce them

โ€ข Digital currencies create new forms of money

  • Programmable and active
  • Will such money be ideal for intelligent (AI) and connected (IoT) machines?
  • These machines will need digital currency to pay for services assigned through the smart contracts

How will the three technologies work together?

IoT – Internet of Things

  • Sensors allow us to cost-effectively gather tremendous amounts of data.
  • Connectivity allows us to transmit/broadcast these data.
  • But, there is a missing element: intelligence to process these data.

AI – Artificial Intelligence

  • Intelligence at the very edges of the network (mini-brains).
  • Combine with IoT and you have the ability to recognize meaningful patterns buried in mountains of data in ways that would be impossible for most humans, or even non-AI algorithms, to do.
  • But, there is a missing element: a secure storage layer for data and a transaction layer for services

DLT (blockchain) – Distributed Ledger Technology

  • Decentralized governance, coupled with no single point of failure, disintermediation, unalterable and searchable records of events.
  • Digital currencies and tokenized custom financial instruments.
  • Combine with AI and IoT and you have a new world of autonomous systems interacting with each other, procuring services from each other and settling transactions.

The technology stack of the future

Technology Stack of the Future

Toward a world of machine commerce

A world of Machine Commerce

M2M will need SSI (self-sovereign identities) – for objects!

Human Identities types

Object identities can be SSI by default

  • Multi-source, multi-verifier
  • Digitally signed, verifiable credentials that can prove issuer, holder and status
  • Secure peer-to-peer connections (permanent or session-based)
  • Exchange full credentials, partial credentials or ZKPs derived from credentials

Next milestone: Decentralized Organizations (DOs)

DOs are good at:

  • Coordinating resources that do not know/trust each other (including hybrid
  • H/M)
  • Governing in a geography-agnostic, censorship-resistant manner
  • Enabling short-term or informal organizational structures  (networks/communities)
  • Tracking and rewarding contribution

Challenges

  • Jurisdictional issues
  • Legislating new types of work for humans and work rules for machines
  • Governance modalities, including external supervision

Challenges

New/upgraded system architectures

โ€ข From legacy to blockchain/AI/IoT-native systems
โ€ข Integration, interoperability, backward compatibility
โ€ข ROI obvious ex post, difficult ex ante โ€“ Bootstrapping

Advanced analytics capabilities

โ€ข As devices at the edge become smarter, the smart contracts enabled by blockchain platforms will require more advanced data analytics capabilities and gateways to the physical world.

New Business Models

  • Disruptive innovation will dominate โ€“ but not without boom-and-bust cycles and big failures along the way.
  • Winners will NOT be the ones focusing on efficiency gains, but on disruptive models.

Key takeaways

โ€ข IoT, AI and DLT (blockchain) are foundational and exponentially growing technologies

  • When combined, they will create a new internet of connected, intelligent and commercially transacting machines
  • An era machine-to-machine (M2M) and human-to-machine (H2M) commerce is likely to emerge, with profound consequences on social and economic dynamics
  • New forms of corporations or organizational formats (code-only, autonomous) will emerge

โ€ข There are numerous challenges that must be overcome

  • IoT has outpaced the human internet, but is still a largely passive, insecure and privacy-vulnerable network
  • AI has made huge leaps, but still requires immense computational resources and is largely incompatible with edge computing
  • DLT is a new technology, largely untested at scale; both smart contracts and digital assets lack the regulatory clarity required for mass adoption

This work is available under a Creative Commons Attribution-Non-Commercial-No Derivatives license
ยฉ University of Nicosia,
Institute for the Future, unic.ac.cy/blockchain

With ๐Ÿ’š

Bitcoin surges after accidentally released Treasury statement

Bitcoin surges after accidentally released Treasury statement

Prices of Bitcoin and other cryptocurrencies have soared following the apparent accidental release of a U.S. Treasury statement on Bidenโ€™s expected executive order on digital assets.

The premature statement by Treasury Secretary Yellen, which was dated March 9, hasย since been removed.

โ€œPresident Bidenโ€™s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.ย  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.ย 

It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.โ€

Quote from the now deleted statement

At the time of writing, Bitcoin is up nearly 8% in the last 24 hours.

Bidenโ€™s executive order aims to regulate the crypto market while also reaping the benefits of digital currencies.

So far, like most countries in the world, the US has tended to react to developments and has limited itself to pointing to a political-economic approach that is yet to be developed.

Statement by Secretary of the Treasury Janet L. Yellen on President Biden’s Executive Order on Digital Assets

March 9, 2022

WASHINGTON –ย  U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden’s executive order on digital assets.ย 

“President Bidenโ€™s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.ย  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.ย  It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.

Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems. Weโ€™ll also convene the Financial Stability Oversight Council to evaluate the potential financial stability risks of digital assets and assess whether appropriate safeguards are in place. And, because the questions raised by digital assets often have important cross-border dimensions, weโ€™ll work with our international partners to promote robust standards and a level playing field.

This work will complement ongoing efforts by Treasury. Already, the Department has worked with the Presidentโ€™s Working Group on Financial Markets, the FDIC, and OCC to study one particular kind of digital asset โ€“ stablecoinsโ€“ and to make recommendations. Under the executive order, Treasury and interagency partners will build upon the recently published National Risk Assessments, which identify key illicit financing risks associated with digital assets.ย 

As we take on this important work, weโ€™ll be guided by consumer and investor protection groups, market participants, and other leading experts. ย Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security.”

Sources:

https://forbes.com/

https://disclose.tv/

https://bloomberg.com/

https://web.archive.org/web/20220309014601/https://home.treasury.gov/news/press-releases/jy0643

With ๐Ÿ’š

ASICs vs. SuperComputers

Asics
SuperComputers

ASICs vs Supercomputers

Assigning the most powerful supercomputer to mine bitcoin would be comparable to hiring a grandmaster chess player to move a pile of bricks by hand.

The job would get done eventually but the chess player is much better at thinking and playing chess than exerting energy to repetitively move bricks.ย 

Likewise, combining the computing power of the most powerful supercomputers in the world and using them to mine bitcoin would essentially be pointless when compared to the ASIC machines used today.

ASICs are designed to do one thing as quickly and efficiently as possible, whereas a supercomputer is designed to do complicated tasks or math problems.

Since Bitcoin mining is a lottery based on random trial and error rather than complex math, specialization (ASICs) beats general excellence (supercomputers) everytime.

End of Lesson !!!

Made with ๐Ÿ’š by Free Spirit

โœŒ & ๐Ÿ’š

With ๐Ÿ’š

Veritas … In pictures…

Fear is Sickness
Gold is Money…
Uni-Verse
Success
Genes that erase memories
Researches can erase painful memories from the brain
Scientists deletes “Fearful” memories of Rats
Pokemon Go users give away all privacy rights
“Broken People” = Raw  Material
Robert Noyce
Compounding Interest
Simple & Compound Interest Formula
Simple Interest & Compound Interest
PBIS Rewards
ROI – Return On Investment
Play the role of a fool…
Occult – Anatomy
20 Fastest Growing + Declining Jobs
Causes and Effects of Inflation
The History of Logistics
SSG 16.9 – Legal Identity for all
Scientists call for Protection from Non-Ionizing Electromagnetic Field Exposure
Protest’s are Illegal and punished with Jail Time in a “Free” Society !!!?ยฟ!!!
Human Value Chain
Opposition to the use of Blockchain Identity – Part 1
Opposition to the use of Blockchain Identity – Part 2
Human Capital Performance Bond
Strategies for Investing in Undervalued Human Capital
U.S Army TRADOC G-2
Digitizing Government-to-Person (G2P) Payments

Will be Always Updated !!!

Made with ๐Ÿ’š by Free Spirit

โœŒ & ๐Ÿ’š

Beware of Centralized Power…

Like this one ….

Government Bans Bitcoin
โœŠ ๐Ÿ˜‚ ๐Ÿ˜… ๐Ÿ˜‚ ๐Ÿ˜… ๐Ÿ˜‚ โœŠ
Veritas… Something LinkedIn doesn’t like !
Your Account has been permanently Restricted!

In a Society that changes, molds the Truth as it suits best some…

People will never be Free !!!

DECENTRALIZATION IS FREEDOM OF CHOICE !!!

Just because I didn’t gave them my ID or Passport to be on the site !!!

A social media site needs an ID from the users ยฟ?!ยฟ?

The Power of CENTRALIZATION huh ยฟ!?

The funny thing is… I even became friends with a lot of people on the site, and with a few even, we discovered to have common goals and interests, that made us walk together on the road of creation and envisioning new paths that many would benefit…

LinkedIn is a professional site… hmmm…

Well, I happend to be a PROFESSIONAL BITCOIN MINER SINCE ANCIENT TIMES !!!

With a deep and high regard for Privacy…

What’s wrong in that ?!?

Does that make me… Less Professional ?!?

THEN I PROPOSE TO VOTE THAT ALL BITCOIN TALK ON YOUR SITE TO BE RESTRICTED…

AS YOU DON’T HAVE ALSO THE ID OR PASS OF SATOSHI NAKAMOTO !!!

๐Ÿคซ ๐Ÿ™‚ ๐Ÿ˜‰ ๐Ÿ˜‚ ๐Ÿฅด ๐Ÿคซ

Made with  ๐Ÿ’š  by Free Spirit

โœŒ & ๐Ÿ’š

With ๐Ÿ’š