Best/Safe Bitcoin Cloud Mining Companies 2020 Bit-Sites

Masari: Simple Private Money

Masari (MSR) is a scalability-focused, untraceable, secure, and fungible cryptocurrency using the RingCT protocol. Masari is the first CryptoNote coin to develop uncle mining and a fully client side web wallet.
[link]

Proposal: The Sia Foundation

Vision Statement

A common sentiment is brewing online; a shared desire for the internet that might have been. After decades of corporate encroachment, you don't need to be a power user to realize that something has gone very wrong.
In the early days of the internet, the future was bright. In that future, when you sent an instant message, it traveled directly to the recipient. When you needed to pay a friend, you announced a transfer of value to their public key. When an app was missing a feature you wanted, you opened up the source code and implemented it. When you took a picture on your phone, it was immediately encrypted and backed up to storage that you controlled. In that future, people would laugh at the idea of having to authenticate themselves to some corporation before doing these things.
What did we get instead? Rather than a network of human-sized communities, we have a handful of enormous commons, each controlled by a faceless corporate entity. Hey user, want to send a message? You can, but we'll store a copy of it indefinitely, unencrypted, for our preference-learning algorithms to pore over; how else could we slap targeted ads on every piece of content you see? Want to pay a friend? You can—in our Monopoly money. Want a new feature? Submit a request to our Support Center and we'll totally maybe think about it. Want to backup a photo? You can—inside our walled garden, which only we (and the NSA, of course) can access. Just be careful what you share, because merely locking you out of your account and deleting all your data is far from the worst thing we could do.
You rationalize this: "MEGACORP would never do such a thing; it would be bad for business." But we all know, at some level, that this state of affairs, this inversion of power, is not merely "unfortunate" or "suboptimal" – No. It is degrading. Even if MEGACORP were purely benevolent, it is degrading that we must ask its permission to talk to our friends; that we must rely on it to safeguard our treasured memories; that our digital lives are completely beholden to those who seek only to extract value from us.
At the root of this issue is the centralization of data. MEGACORP can surveil you—because your emails and video chats flow through their servers. And MEGACORP can control you—because they hold your data hostage. But centralization is a solution to a technical problem: How can we make the user's data accessible from anywhere in the world, on any device? For a long time, no alternative solution to this problem was forthcoming.
Today, thanks to a confluence of established techniques and recent innovations, we have solved the accessibility problem without resorting to centralization. Hashing, encryption, and erasure encoding got us most of the way, but one barrier remained: incentives. How do you incentivize an anonymous stranger to store your data? Earlier protocols like BitTorrent worked around this limitation by relying on altruism, tit-for-tat requirements, or "points" – in other words, nothing you could pay your electric bill with. Finally, in 2009, a solution appeared: Bitcoin. Not long after, Sia was born.
Cryptography has unleashed the latent power of the internet by enabling interactions between mutually-distrustful parties. Sia harnesses this power to turn the cloud storage market into a proper marketplace, where buyers and sellers can transact directly, with no intermediaries, anywhere in the world. No more silos or walled gardens: your data is encrypted, so it can't be spied on, and it's stored on many servers, so no single entity can hold it hostage. Thanks to projects like Sia, the internet is being re-decentralized.
Sia began its life as a startup, which means it has always been subjected to two competing forces: the ideals of its founders, and the profit motive inherent to all businesses. Its founders have taken great pains to never compromise on the former, but this often threatened the company's financial viability. With the establishment of the Sia Foundation, this tension is resolved. The Foundation, freed of the obligation to generate profit, is a pure embodiment of the ideals from which Sia originally sprung.
The goals and responsibilities of the Foundation are numerous: to maintain core Sia protocols and consensus code; to support developers building on top of Sia and its protocols; to promote Sia and facilitate partnerships in other spheres and communities; to ensure that users can easily acquire and safely store siacoins; to develop network scalability solutions; to implement hardforks and lead the community through them; and much more. In a broader sense, its mission is to commoditize data storage, making it cheap, ubiquitous, and accessible to all, without compromising privacy or performance.
Sia is a perfect example of how we can achieve better living through cryptography. We now begin a new chapter in Sia's history. May our stewardship lead it into a bright future.
 

Overview

Today, we are proposing the creation of the Sia Foundation: a new non-profit entity that builds and supports distributed cloud storage infrastructure, with a specific focus on the Sia storage platform. What follows is an informal overview of the Sia Foundation, covering two major topics: how the Foundation will be funded, and what its funds will be used for.

Organizational Structure

The Sia Foundation will be structured as a non-profit entity incorporated in the United States, likely a 501(c)(3) organization or similar. The actions of the Foundation will be constrained by its charter, which formalizes the specific obligations and overall mission outlined in this document. The charter will be updated on an annual basis to reflect the current goals of the Sia community.
The organization will be operated by a board of directors, initially comprising Luke Champine as President and Eddie Wang as Chairman. Luke Champine will be leaving his position at Nebulous to work at the Foundation full-time, and will seek to divest his shares of Nebulous stock along with other potential conflicts of interest. Neither Luke nor Eddie personally own any siafunds or significant quantities of siacoin.

Funding

The primary source of funding for the Foundation will come from a new block subsidy. Following a hardfork, 30 KS per block will be allocated to the "Foundation Fund," continuing in perpetuity. The existing 30 KS per block miner reward is not affected. Additionally, one year's worth of block subsidies (approximately 1.57 GS) will be allocated to the Fund immediately upon activation of the hardfork.
As detailed below, the Foundation will provably burn any coins that it cannot meaningfully spend. As such, the 30 KS subsidy should be viewed as a maximum. This allows the Foundation to grow alongside Sia without requiring additional hardforks.
The Foundation will not be funded to any degree by the possession or sale of siafunds. Siafunds were originally introduced as a means of incentivizing growth, and we still believe in their effectiveness: a siafund holder wants to increase the amount of storage on Sia as much as possible. While the Foundation obviously wants Sia to succeed, its driving force should be its charter. Deriving significant revenue from siafunds would jeopardize the Foundation's impartiality and focus. Ultimately, we want the Foundation to act in the best interests of Sia, not in growing its own budget.

Responsibilities

The Foundation inherits a great number of responsibilities from Nebulous. Each quarter, the Foundation will publish the progress it has made over the past quarter, and list the responsibilities it intends to prioritize over the coming quarter. This will be accompanied by a financial report, detailing each area of expenditure over the past quarter, and forecasting expenditures for the coming quarter. Below, we summarize some of the myriad responsibilities towards which the Foundation is expected to allocate its resources.

Maintain and enhance core Sia software

Arguably, this is the most important responsibility of the Foundation. At the heart of Sia is its consensus algorithm: regardless of other differences, all Sia software must agree upon the content and rules of the blockchain. It is therefore crucial that the algorithm be stewarded by an entity that is accountable to the community, transparent in its decision-making, and has no profit motive or other conflicts of interest.
Accordingly, Sia’s consensus functionality will no longer be directly maintained by Nebulous. Instead, the Foundation will release and maintain an implementation of a "minimal Sia full node," comprising the Sia consensus algorithm and P2P networking code. The source code will be available in a public repository, and signed binaries will be published for each release.
Other parties may use this code to provide alternative full node software. For example, Nebulous may extend the minimal full node with wallet, renter, and host functionality. The source code of any such implementation may be submitted to the Foundation for review. If the code passes review, the Foundation will provide "endorsement signatures" for the commit hash used and for binaries compiled internally by the Foundation. Specifically, these signatures assert that the Foundation believes the software contains no consensus-breaking changes or other modifications to imported Foundation code. Endorsement signatures and Foundation-compiled binaries may be displayed and distributed by the receiving party, along with an appropriate disclaimer.
A minimal full node is not terribly useful on its own; the wallet, renter, host, and other extensions are what make Sia a proper developer platform. Currently, the only implementations of these extensions are maintained by Nebulous. The Foundation will contract Nebulous to ensure that these extensions continue to receive updates and enhancements. Later on, the Foundation intends to develop its own implementations of these extensions and others. As with the minimal node software, these extensions will be open source and available in public repositories for use by any Sia node software.
With the consensus code now managed by the Foundation, the task of implementing and orchestrating hardforks becomes its responsibility as well. When the Foundation determines that a hardfork is necessary (whether through internal discussion or via community petition), a formal proposal will be drafted and submitted for public review, during which arguments for and against the proposal may be submitted to a public repository. During this time, the hardfork code will be implemented, either by Foundation employees or by external contributors working closely with the Foundation. Once the implementation is finished, final arguments will be heard. The Foundation board will then vote whether to accept or reject the proposal, and announce their decision along with appropriate justification. Assuming the proposal was accepted, the Foundation will announce the block height at which the hardfork will activate, and will subsequently release source code and signed binaries that incorporate the hardfork code.
Regardless of the Foundation's decision, it is the community that ultimately determines whether a fork is accepted or rejected – nothing can change that. Foundation node software will never automatically update, so all forks must be explicitly adopted by users. Furthermore, the Foundation will provide replay and wipeout protection for its hard forks, protecting other chains from unintended or malicious reorgs. Similarly, the Foundation will ensure that any file contracts formed prior to a fork activation will continue to be honored on both chains until they expire.
Finally, the Foundation also intends to pursue scalability solutions for the Sia blockchain. In particular, work has already begun on an implementation of Utreexo, which will greatly reduce the space requirements of fully-validating nodes (allowing a full node to be run on a smartphone) while increasing throughput and decreasing initial sync time. A hardfork implementing Utreexo will be submitted to the community as per the process detailed above.
As this is the most important responsibility of the Foundation, it will receive a significant portion of the Foundation’s budget, primarily in the form of developer salaries and contracting agreements.

Support community services

We intend to allocate 25% of the Foundation Fund towards the community. This allocation will be held and disbursed in the form of siacoins, and will pay for grants, bounties, hackathons, and other community-driven endeavours.
Any community-run service, such as a Skynet portal, explorer or web wallet, may apply to have its costs covered by the Foundation. Upon approval, the Foundation will reimburse expenses incurred by the service, subject to the exact terms agreed to. The intent of these grants is not to provide a source of income, but rather to make such services "break even" for their operators, so that members of the community can enrich the Sia ecosystem without worrying about the impact on their own finances.

Ensure easy acquisition and storage of siacoins

Most users will acquire their siacoins via an exchange. The Foundation will provide support to Sia-compatible exchanges, and pursue relevant integrations at its discretion, such as Coinbase's new Rosetta standard. The Foundation may also release DEX software that enables trading cryptocurrencies without the need for a third party. (The Foundation itself will never operate as a money transmitter.)
Increasingly, users are storing their cryptocurrency on hardware wallets. The Foundation will maintain the existing Ledger Nano S integration, and pursue further integrations at its discretion.
Of course, all hardware wallets must be paired with software running on a computer or smartphone, so the Foundation will also develop and/or maintain client-side wallet software, including both full-node wallets and "lite" wallets. Community-operated wallet services, i.e. web wallets, may be funded via grants.
Like core software maintenance, this responsibility will be funded in the form of developer salaries and contracting agreements.

Protect the ecosystem

When it comes to cryptocurrency security, patching software vulnerabilities is table stakes; there are significant legal and social threats that we must be mindful of as well. As such, the Foundation will earmark a portion of its fund to defend the community from legal action. The Foundation will also safeguard the network from 51% attacks and other threats to network security by implementing softforks and/or hardforks where necessary.
The Foundation also intends to assist in the development of a new FOSS software license, and to solicit legal memos on various Sia-related matters, such as hosting in the United States and the EU.
In a broader sense, the establishment of the Foundation makes the ecosystem more robust by transferring core development to a more neutral entity. Thanks to its funding structure, the Foundation will be immune to various forms of pressure that for-profit companies are susceptible to.

Drive adoption of Sia

Although the overriding goal of the Foundation is to make Sia the best platform it can be, all that work will be in vain if no one uses the platform. There are a number of ways the Foundation can promote Sia and get it into the hands of potential users and developers.
In-person conferences are understandably far less popular now, but the Foundation can sponsor and/or participate in virtual conferences. (In-person conferences may be held in the future, permitting circumstances.) Similarly, the Foundation will provide prizes for hackathons, which may be organized by community members, Nebulous, or the Foundation itself. Lastly, partnerships with other companies in the cryptocurrency space—or the cloud storage space—are a great way to increase awareness of Sia. To handle these responsibilities, one of the early priorities of the Foundation will be to hire a marketing director.

Fund Management

The Foundation Fund will be controlled by a multisig address. Each member of the Foundation's board will control one of the signing keys, with the signature threshold to be determined once the final composition of the board is known. (This threshold may also be increased or decreased if the number of board members changes.) Additionally, one timelocked signing key will be controlled by David Vorick. This key will act as a “dead man’s switch,” to be used in the event of an emergency that prevents Foundation board members from reaching the signature threshold. The timelock ensures that this key cannot be used unless the Foundation fails to sign a transaction for several months.
On the 1st of each month, the Foundation will use its keys to transfer all siacoins in the Fund to two new addresses. The first address will be controlled by a high-security hot wallet, and will receive approximately one month's worth of Foundation expenditures. The second address, receiving the remaining siacoins, will be a modified version of the source address: specifically, it will increase the timelock on David Vorick's signing key by one month. Any other changes to the set of signing keys, such as the arrival or departure of board members, will be incorporated into this address as well.
The Foundation Fund is allocated in SC, but many of the Foundation's expenditures must be paid in USD or other fiat currency. Accordingly, the Foundation will convert, at its discretion, a portion of its monthly withdrawals to fiat currency. We expect this conversion to be primarily facilitated by private "OTC" sales to accredited investors. The Foundation currently has no plans to speculate in cryptocurrency or other assets.
Finally, it is important that the Foundation adds value to the Sia platform well in excess of the inflation introduced by the block subsidy. For this reason, the Foundation intends to provably burn, on a quarterly basis, any coins that it cannot allocate towards any justifiable expense. In other words, coins will be burned whenever doing so provides greater value to the platform than any other use. Furthermore, the Foundation will cap its SC treasury at 5% of the total supply, and will cap its USD treasury at 4 years’ worth of predicted expenses.
 
Addendum: Hardfork Timeline
We would like to see this proposal finalized and accepted by the community no later than September 30th. A new version of siad, implementing the hardfork, will be released no later than October 15th. The hardfork will activate at block 293220, which is expected to occur around 12pm EST on January 1st, 2021.
 
Addendum: Inflation specifics
The total supply of siacoins as of January 1st, 2021 will be approximately 45.243 GS. The initial subsidy of 1.57 GS thus increases the supply by 3.47%, and the total annual inflation in 2021 will be at most 10.4% (if zero coins are burned). In 2022, total annual inflation will be at most 6.28%, and will steadily decrease in subsequent years.
 

Conclusion

We see the establishment of the Foundation as an important step in the maturation of the Sia project. It provides the ecosystem with a sustainable source of funding that can be exclusively directed towards achieving Sia's ambitious goals. Compared to other projects with far deeper pockets, Sia has always punched above its weight; once we're on equal footing, there's no telling what we'll be able to achieve.
Nevertheless, we do not propose this change lightly, and have taken pains to ensure that the Foundation will act in accordance with the ideals that this community shares. It will operate transparently, keep inflation to a minimum, and respect the user's fundamental role in decentralized systems. We hope that everyone in the community will consider this proposal carefully, and look forward to a productive discussion.
submitted by lukechampine to siacoin [link] [comments]

The greatest wealth transfer of this century! An analysis: British-US-Chinese Empires: Gold, Silver, Bitcoin, Ethereum!

"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
Let's embark on a journey that made the United States the number 1 economy of the world.

1. Despite the British Empire's claim that it would for ever remain the leading empire,history can serve as a harbinger for what's to come...

At the peak of its power, in 1913, "the empire on which the sun never sets", controlled 25% of the planet's land mass and about the same percentage of the world's population. Britain was both the naval an imperial power of the 19th century, and between 1812-1914, its dominance resulted in relative peace in Europe and the rest of the world. The industrial revolution transformed Britain into the workshop of the world.
By the start of the 20th century things changed as both Germany and the United States started to challenge Britain's economic and influential leadership. As often happened during human history such challenging lead to war and although Britain achieved its largest territorial influence after WW1, the war had destroyed much of its economic strength, with losses in industrial and military power marking the begin of its demise.
During WW2, Japan occupied Britain's colonies, and after WW2, India, Britain's most valuable and populous possession, achieved independence. Much of the British Empire's influence is now enshrined in the Commonwealth Charter, stating shared values like democracy, human rights and the rule of law.
The United Kingdom's pound sterling was its world's reserve currency during its reign and by controlling the supply of money, Britain was able to influence its global power.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" Mayer Amschel Rothschild

2. The US Empire repeats this blueprint by claiming the U.S. Dollar's reserve currency status as its birthright!

The Federal Reserve Act.
The Panic of 1907 triggered many American's belief that The Federal Reserve Act, passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913, was necessary for financial and economic stability. The law created the Federal Reserve System, the central banking system of the United States.
The Bretton Woods System.
The FED ended immobile reserve issues and the inelastic currency problems and successfully internationalized the U.S Dollar as the global reserve currency. The usage of the prior nationally used U.S. Dollar expanded a first time when the Allies agreed to the terms of the Bretton Woods System, establishing the rules for commercial as well as financial regulations among the United States and its allies. Canada, Western Europe, Australia and Japan accepted the U.S. Dollar, which was backed by a gold exchange standard, making the U.S. Dollar "as good as gold". This was only possible because the United States controlled two thirds of the world's gold reserves.
Soviet representatives, who claimed that institutions like the IMF and the International Bank for Reconstruction and Development (IBRD) were Wall Street branches, didn't participate in Bretton Woods and later proved to be right, as the United States printed too much money (not backed by its gold reserves) to wage war on Vietnam, destroying a big part of the value of the U.S. Dollars held by its allies, due to the inflation of the U.S. Dollar money supply.
Yet, the initial demand for U.S. dollars created the American way of life: a consumer driven economy fueled by products made outside the U.S. in return for U.S. Dollars. As the Allied countries couldn't really buy any "Made in America"-products, due to the fact that the United States' elites rather outsourced their manufacturing, they instead invested their hard labor into U.S. Treasuries.
On August 1971, President Richard Nixon announced the unilateral cancellation of the direct international convertibility of the United States dollar to gold, in a response to halt the Allied countries' continuous attempts to exchange their U.S. Dollars for Gold. By 1973, the Bretton Woods system was replaced by the current freely floating fiat currency system.
The petro dollar system.
The second wave of U.S. Dollar adoption was the result of the petro dollar, making the global trade of oil U.S. Dollar denominated. Every country on this planet needed and still needs oil to operate and grow its economy, creating an enormous growth in U.S. Dollar demand and like mentioned before, those dollars had to be earned. Especially China served the United States consumer model by producing almost everything Americans can buy in Wall Mart and other stores. By relying on the U.S. Dollar reserve currency status, the American elites have made the mistake of outsourcing manufacturing to China, as often predicted by Donald Trump in the 1980's. The y figured it was easier to just print wealth.
The tradewar.
President Donald Trump, decided it was time to bring jobs back to the U.S. and started an ongoing trade war with China, the country that supplied the U.S. consumer driven economy, and proud owner of $1.07 trillion in Treasury holdings. The trade war has negatively impacted the economies of both the United States and China and will most likely result in the decoupling of both economies.
What is to come? My personal insights.
I see huge problems for the U.S. and the rest of the western liberal democracies. But especially the United States, who's currency amounts to no less than 60% of all the world's reserve assets, is vulnerable if and when China who only accounts for 1 or 2 %, says it is time for change. Most likely we will experience another banking crisis, with or without Covid-19, and unfortunately a bigger one when compared to the 2008 dissaster. Did you know that the global debt tripled since then? Many economists and politicians advocate the end of the U.S. Dollar reserve currency system and predict a reset. Every financial system has a limited lifespan similar to a human live: it is created, it grows, it matures, and unfortunately, it ages, weakens and dies. It happened to the Brittish Pound Sterling, and I am afraid that the days of this financial hegemony are numbered as well.
And I did write "afraid", why?
History tells us that these transition periods are particularly dangerous and have often led to full-blown military conflicts if not world wars. The current wealth transfer, the result of manufacturing outsourcing to mainland China, impoverished the United States and destroyed its middle class. President Donald Trump's analysis that the U.S. needs a strong manufacturing base is correct, yet without its allies the United States will not be able to turn the tide.
It took China decades to build its manufacturing base, and President Trump doesn't have the privilege of having the political luxury to design five year plans, as the United States capitalistic and political model specializes more on presidential campaigning and less on economic planning, which is exactly China's strength.

3. The Chinese 'digital' empire.

China is ideally positioned to become the new global power: it produces many of our products and dominates most supply chains. It has been hoarding gold and mines most of the Bitcoin. It might just have the right reserve assets to back its DCEP, the digital Yuan, which will be pilot tested during the 2022 Winter Olympics hosted by China. Despite the fact that the United States and other western nations might not want to adopt the Yuan or allow it to be part of the world's reserve assets, China can demand payment in Yuan for its products. It's that simple! This is why outsourcing is such as stupid economic voluntarily yet fatal policy. If you only print money and don't produce goods, how long will the world play ball?
One of the results of Trump's trade war is that China and other countries such as Russia and Iran no longer want to be vulnerable to U.S. sanctions that come in the shape of being denied access to the financial system through Swift. The United States can indeed destroy a big part of Iran's economy, but Iran is now becoming a big cryptocurrency player. In other words, bullying those countries might work in the short-term, but in the long-term they will simply adopt a new standard: and I believe that the Yuan will likely play a major role in the financial system they will adopt.
This trend means that the expansion of the demand in U.S. Dollars will stop and reverse, when countries no longer want to use the currency whose issuer can economically destroy them through sanctions. The alternatives for such countires are cryptocurrencies like Bitcoin, Ethereum and many others, national CBDC's (Central Bank Digital Currencies), and the adoption of the digital Yuan.
This digital Yuan will be attached to the One Belt, One road initiative, finding adoption whilst developing huge infrastructure projects that will lead to a Eurasian trading zone. If the U.S. Military leaves the Middle East, as Trump brings home troops, this will create the right conditions for China to emerge as the victor.

4. Surveillance Capitalism - Insights on the DCEP (Digital Currency Electronic Payment, DC/EP):

  1. This centralized digital financial system works on blockchain and cryptographic principles and aims to increase the circulation of the RMB, in the hope it can become a reserve currency like the U.S. Dollar.
  2. Created and sanctioned by the Chinese Government, it is the only legal digital currency in China.
  3. The system offers Chinese regulators better monitoring abilities and will be an efficient tool against anonymous counterfeiting, money laundering and illegal financing. At the same time it reduces costs involved in maintaining and recycling bank notes and coins.
  4. As mentioned above, China aims to bypass Swift, which it regards to be a U.S. entity, and will be able to collect real-time data related to money creation, bookkeeping, essential information for the implementation of monetary policies.
  5. The pilot institutions for DCEP, China Construction Bank, Agricultural Bank of China, Bank of China and Industrial and Commercial Bank of China, will serve as a production test for China's new currency system, after which the DCEP will be distributed to large fintech companies such as Tencent and Alibaba to be used in WeChat Pay and AliPay. Transfers will not go through bank accounts, but through electronic wallets.
  6. By mandating that all merchants who accept digital payments must accept DCEP, the DECP will become the most accepted digital currency in the world.

5. Sings of hope.

If the United States adopts blockchain and issues a CBDC (Central Bank Digital Currency) backed by Bitcoin, they will have a reasonable chance to offer the western democracies a new type of dollar standard that can be an anchor versus the coming RMB. If not, I fear the worst is yet to come for the U.S. Dollar and its economy.
Many smart American economists and Wall Street goeroe's have finally figured out the remarkable strength of Bitcoin, the world's first and most favorite digital form of gold.
Some of the smartest investment capitalists like Ray Dalio and Warren Buffet have allocated more money into gold, a clear sign of trouble. Bitcoin might be a step too far for Warren Buffet, but rest assure that Wall Street investment management companies have figured it out by now, have you?
You can expect more institutions to allocate a % of their portfolio's wealth into Bitcoin and other cryptocurrencies, as a hedge against the systemic risk in our global financial system, which will inevitable start feeling the effects of the trillions that have been printed.
"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
submitted by O_My_Crypto to Bitcoin [link] [comments]

Watchlist for 10/13/20

Watchlist for 10/13/20
$NBY: Due to the Covid-19 pandemic, Amazon Prime Day will be held on 10/13-10/14, same as last night’s watch.
$NAKD: OVER 100 MILLION SHARES traded today! Looking for a price target of $0.19. Been on a downtrend for far too long, looking for a sympathy move for Amazon move along with other names like $DXLG, $MSN, and $ICON
$WAFU: Halted up today with no news. Volume spiked and ran into after hours. Looking for continuation into tomorrow’s premarket. The trend is turning back to bullish on a 4-hour slingshot. Thinking this can reach past highs at just under $15 with volume.
$WIMI: Today WIMI ran to $8 on no news and slow day due to Columbus Day. Looking for a continuation of this momentum play with the Apple event happening tomorrow. This former low float running looking to gap up tomorrow in Charter 1’s opinion. The price target is $10.50.
$CEI: Most are holding or swinging this into the upcoming merger news with Viking Energy. Still looking for a price target of just under $3.
$RIOT: Sympathy play with bitcoin and $MARA running today. Price target $4.50.
$AAPL: BIG DAY tomorrow – iPhone 12 (5G) debut is at 6 PM. In my opinion, found support on the 50 MA @ $116. If the vast sell-off begins, it may discover second support of around $113. With all that being said, keep in mind many people bought cheap shares during Trump Tweet on 10/6. Price Target of $130 if all goes well.
Also on Watchlist for Gains:
$SNMP, $JFU, $IZEA, $LIZI, $FAMI, $RKT(longer swing)
submitted by pabsgu46 to RobinHoodPennyStocks [link] [comments]

Watchlist for 10/13/20

Watchlist for 10/13/20
$NBY: Due to the Covid-19 pandemic, Amazon Prime Day will be held on 10/13-10/14, same as last night’s watch.
$NAKD: OVER 100 MILLION SHARES traded today! Looking for a price target of $0.19. Been on a downtrend for far too long, looking for a sympathy move for Amazon move along with other names like $DXLG, $MSN, and $ICON
$WAFU: Halted up today with no news. Volume spiked and ran into after hours. Looking for continuation into tomorrow’s premarket. The trend is turning back to bullish on a 4-hour slingshot. Thinking this can reach past highs at just under $15 with volume.
$WIMI: Today WIMI ran to $8 on no news and slow day due to Columbus Day. Looking for a continuation of this momentum play with the Apple event happening tomorrow. This former low float running looking to gap up tomorrow in Charter 1’s opinion. The price target is $10.50.
$CEI: Most are holding or swinging this into the upcoming merger news with Viking Energy. Still looking for a price target of just under $3.
$RIOT: Sympathy play with bitcoin and $MARA running today. Price target $4.50.
$AAPL: BIG DAY tomorrow – iPhone 12 (5G) debut is at 6 PM. In my opinion, found support on the 50 MA @ $116. If the vast sell-off begins, it may discover second support of around $113. With all that being said, keep in mind many people bought cheap shares during Trump Tweet on 10/6. Price Target of $130 if all goes well.
Also on Watchlist for Gains:
$SNMP, $JFU, $IZEA, $LIZI, $FAMI, $RKT(longer swing)
submitted by pabsgu46 to pennystocks [link] [comments]

SQ: An undervalued hype stock?

SQ: An undervalued hype stock?
They're not just a POS business, they are building infrastructure to be the financial institution of a tech-driven world. They have their own Venture Capital firm that gives out loans to SMBs and screens their historical transactions to gauge the risk and interest rates. Capital can be accessed the same business day instead of going formally to a bank with your papers and giving out a standardized interest rate to all businesses and waiting so many days for capital. The FDIC recently approved Square's bank charter application. All this to me suggests regulation accepting the grand network of financial tools in a world that has been skewing more and more towards technology.They're working on making it a multi-faceted company that will meet all of your business needs. e.g. small loans, payment processing, payroll, restaurant logistics; the all-in-one ecosystem that is intuitive and easy to use and impossible to leave.
Earnings per share this year = 950%
Earnings growth nxt yr = 245%
Future ROE = 63.5%; The return on equity is a measure of the profitability of a business in relation to the equity.SQ became profitable this year for the first time.
Square has two ecosystems:
1- POS
2- Cash App
Imagine combining both, using cash app to purchase stocks, receive dividends, receive tips, receive pay check.

Why invest in SQ?
This company can takeover the world literally with internet currencies. During these times of printing so much money can devalue our currency so much.
The collapse of fiat currency is almost impossible but if ever something like that happens; SQ will be a world champion compared to all its financial peers.

https://preview.redd.it/1gapxa0qcpd51.png?width=1142&format=png&auto=webp&s=2d51010439b1523a46e52b8915adfbc870d84f40
As we can see, Bitcoin revenue segment has been going up huge and will be going higher because of covid19. Yes, transactions will fall because less consumer spending but BTC will rise ( as seen in the past days) therefore SQ is in a good position because of recessions. This is why I believe there is a good chance that SQ will post a profit this Q.

Revenue has been growing immensely every Q.
https://preview.redd.it/t13le2prcpd51.png?width=1155&format=png&auto=webp&s=35376a7d989867438758b9e8691698c2ca73feae

https://preview.redd.it/47n5pegtcpd51.png?width=913&format=png&auto=webp&s=00aa7ee5f0baefa32047e16246dd9bd0cd5c8d24

China GDP = dark blue; Mobile payment transactions = purple;
In only 5 years, the transactions are 3x the GDP of China. This is an immense growth potential that SQ will be first in line to take in that growth.

Competitors only for cash app? Venmo & Zelle"Cash App's rising performance is in part thanks to its ability to monetize its growing user base: It brought in $30 in annualized revenue per monthly active customer, excluding Bitcoin, in December 2019, up from less than $15 in December 2017, Ahuja said. However, the revenue gained from P2P transactions alone likely isn't enough to successfully monetize a platform — Cash App has managed to monetize from several services while some of its competitors have struggled to do so, strengthening Square's already important subscriptions and service-based revenue segment.“ Basically, this means that these companies are struggling to keep up with SQ because cashapp is incredibly quick to create new services for customers. Secondly, it is better to invest with SQ just because you access two different ecosystems. These two ecosystems can be combined, which will change the world and disrupt banks.

Yes, Square will have to work with banks because of jurisdiction and regulations. But as the regulations ease up, SQ will depend less on banks."Fueled by the improving user metrics, June witnessed Cash App growth of 130% above April/May levels, indicating a steepening adoption curve. Cash App is a peer-to-peer mobile payment app developed by Square that now offers enhanced functionalities such as receipt of direct deposit payments, ACH payments, and stock and bitcoin trading.
The recent momentum, according to the analyst, is tied to government stimulus payments and equity trading.
"Cash App adoption related to these factors, among others, likely offer monetizable second-order benefits such as Cash Card and Instant Deposit adoption," Beck wrote in the note.” https://finance.yahoo.com/news/squares-cash-app-growth-adoption-164046320.html
Technical Analysis:

https://preview.redd.it/mrc169uvcpd51.png?width=1213&format=png&auto=webp&s=068a65d4a696aa6b82c728e2dc11694754fd37c8
We see a wedge at the current price. It is stagnant at the moment because investors are waiting for earnings. If earnings are green, it will go break $134 resistance point. If earnings are bad, it will not break $100 strong support line.
If you are looking for a short-term play, you can buy it now and expect a minimum of 10$ profit per share if earnings are good. If it is bad, I would say it will go down to $105 at the minimum (loss of around $20 per share)
I believe the perfect entry price would be around $110 at the moment.
My personal price target for 2022 is $375.
Disclosure: **I hold a massive amount of ARKK. Planning to add SQ ASAP**
submitted by redbayern7 to Undervalued [link] [comments]

Watchlist for 10/13/20

Watchlist for 10/13/20
Click the link to join:
https://t.me/joinchat/RqHlwlVQy3EOFIOz925rjg to join the group.
THIS WATCHLIST BELONGS TO CHARTER1 FOR ITS MEMBERS ONLY!
$NBY: Due to the Covid-19 pandemic, Amazon Prime Day will be held on 10/13-10/14, same as last night’s watch.
$NAKD: OVER 100 MILLION SHARES traded today! Looking for a price target of $0.19. Been on a downtrend for far too long, looking for a sympathy move for Amazon move along with other names like $DXLG, $MSN, and $ICON
$WAFU: Halted up today with no news. Volume spiked and ran into after hours. Looking for continuation into tomorrow’s premarket. The trend is turning back to bullish on a 4-hour slingshot. Thinking this can reach past highs at just under $15 with volume.
$WIMI: Today WIMI ran to $8 on no news and slow day due to Columbus Day. Looking for a continuation of this momentum play with the Apple event happening tomorrow. This former low float running looking to gap up tomorrow in Charter 1’s opinion. The price target is $10.50.
$CEI: Most are holding or swinging this into the upcoming merger news with Viking Energy. Still looking for a price target of just under $3.
$RIOT: Sympathy play with bitcoin and $MARA running today. Price target $4.50.
$AAPL: BIG DAY tomorrow – iPhone 12 (5G) debut is at 6 PM. In my opinion, found support on the 50 MA @ $116. If the vast sell-off begins, it may discover second support of around $113. With all that being said, keep in mind many people bought cheap shares during Trump Tweet on 10/6. Price Target of $130 if all goes well.
Also on Watchlist for Gains:
$SNMP, $JFU, $IZEA, $LIZI, $FAMI, $RKT(longer swing)
submitted by pabsgu46 to Charter1 [link] [comments]

Cryptocurrencies and Money Laundering: To What Extent They Are Actually Connected ( part 2)

Cryptocurrencies and Money Laundering: To What Extent They Are Actually Connected ( part 2)

https://preview.redd.it/rwfzet5fu2u51.jpg?width=1024&format=pjpg&auto=webp&s=f27873c32c2c5435ae7ed7d51f8abf47152073bf
Cryptocurrencies are ill suited to money laundering
As a tool for money laundering, cryptocurrencies are a lot less universal and convenient than bank payments and cash.
Unlike cash transactions and bank transfers, transactions in decentralized blockchains are easily traceable. Cryptocurrencies are transparent in nature — all transactions are recorded and publicly accessible. If you can accumulate considerable volume of data, you can determine who's behind a bitcoin address used for money laundering. Besides, you cannot use the ВТС network and other cryptocurrency networks to transfer a large amount of money — such a transaction would be immediately brought to attention of law enforcement.
The experience of fighting against the Darknet (the illegal Internet) shows that states can fight against cyber crime while anonymity of cryptocurrencies is greatly exaggerated. Legal cryptocurrency platforms have demonstrated a long-standing trend of using KYC principles (provision of complete information about a user) — exchanging currencies anonymously is getting harder. Special services can connect transactions to specific users, sometimes using the blockchain technology itself to do it.
Super anonymous coins that encrypt transaction data (Monero, Dash, ZCash and others) cannot save criminals either — there are methods that can be used to break down these transactions. However, some experts state that cryptocurrency technologies evolve really fast and will soon become completely untraceable. In any case, to withdraw cryptocurrencies and turn them into fiat money, you would have to “burn” your actual bank accounts, thus reducing the entire anonymity level.
It is often mentioned that criminals use the so-called “mixers” — software and services where transactions can be run by mixing your coins and coins owned by other users to maintain confidentiality. It allows you to hide your withdrawal data and addresses, as well as your real identities. However, according to the above mentioned Chainalysis report, most users prefer to use mixers to ensure confidentiality and not to conduct illegal activity. This method is only used to launder 8 % of all money passing through.
Moreover, special services can track transactions passing through mixers which makes them suspicious by default. This is why criminals are not overenthusiastic to use them — cash and banks are more secure.
As you can see, cryptocurrencies are not all that convenient for criminals though it may seem so. They are an excessive intermediate since actual laundering requires cashing out and it's getting harder to do so anonymously by the day.
Banks are the key “laundromats” of the criminal underworld
Let's turn to the best part now. Criminals launder most money via regulated banks seen as ideal by the states. They can annually launder up to $ 2 trln. Think about it: trillions of dollars laundered through the banks.
Many of the world's biggest banks have been involved in money laundering schemes and fined for this. For instance, Wells Fargo, J. P. Morgan Chase & Co and the Bank of America, Standard Chartered and others. Last year, it turned out that Citigroup, Deutsche Bank and Raiffeisen had helped criminals launder $ 8.8 bln over a period of 7 years. It's only three bank conglomerates seen as strongholds of honesty and security. Imagine how much money has been laundered via other banks, including “shadow” banks.
In 2019, various companies around the world were fined for being involved in money laundering schemes worth of the record $ 8.14 bln. It's twice as much as in 2018. Two thirds of the fines were attributed to banks — $ 6.2 bln, and 17% — to gaming and gambling organizations. The best joke is that these fines are a drop in the ocean for the banks while money laundering cannot be undone.
According to the August report by the Mexican Finance Intelligence Unit, local criminals still prefer to launder money using conventional financial institutions, mostly banks, as well as brokerage firms and exchange companies. Seven biggest and most regulated Mexican banks that control 80 % of all assets in the national financial sector run the biggest number of transactions with black money (no specific amounts are given).
Moreover, Mexican banks have long been known to deal with activities of this kind. In 2012, one of them — HSBC — paid a record $ 1.92 bln in fines to the US authorities after the Mexican and Columbian drug cartels were caught using this bank for laundering drug-related money.
A short time ago, the international payment system SWIFT used by all of the world's banks published a report drafted in partnership with the financial research firm Bae Systems. The report noted that cryptocurrencies are rarely used for money laundering — with criminals preferring the more conventional ways. These include: using the so-called “money mules” — intermediaries who allow to use their accounts for transferring illegal money; hacking bank accounts, bribing bank officials, using shell companies and casinos.
The report also lists examples of laundering big amounts of money using cryptocurrencies while also noting that only few cases have been registered. These include use of intermediaries, prepaid crypto cards, purchase of physical assets, such as real estate or expensive cards, for cryptocurrency.
Cryptocurrencies do not launder money — they fight against money laundering
As you can see, while cryptocurrencies can be used for money laundering, they are ill suited to this purpose. Moreover, they actually work the other way around by increasing transparency, security and speed of payment transactions and giving users more independence. Coins like UMI are building an alternative financial system accessible to anyone, not a shadow market for laundering illegal money.
The fact is that today 99 % of laundered money passes through other channels, not cryptocurrencies. Criminals still prefer using fiat money for this purpose. Banking institution are their key accomplices, and the amounts of money they hide outmatches the overall capitalization of the cryptocurrency market. However, no one is threatening to prohibit banks.
At the same time, we hear all the time that cryptocurrencies should be banned or strictly regulated. Unfortunately, financial regulators and law enforcement agencies all over the world are sometimes obsessed with the idea of putting spokes in wheels for the usual people who use cryptocurrencies while also allowing bankers to launder trillions of dollars. Isn't it ironic?
UMI is fighting against this state of affairs. We're building a new, alternative and completely transparent financial system where any person on the globe can generate digital money and make instant, fast and free-of-charge payments.
To sum up, don't trust the negative publicity for cryptocurrencies Trust the facts. The negative publicity is mostly generated by people who are not happy that the existing financial system based on banks is gradually become a thing of the past while cryptocurrencies are growing rapidly. At any rate, the key point is that decentralized cryptocurrencies which belong to users from across the world cannot be banned, even from the technical point of view. Thus, there's nothing to fear and progress cannot be stopped.
Sincerely yours, UMI Team!
submitted by UMITop to u/UMITop [link] [comments]

The Undiscovered Facts Behind Money Laundering, Cryptocurrency, and Banks

The Undiscovered Facts Behind Money Laundering, Cryptocurrency, and Banks
A week ago, a lot of documents known as the FinCEN documents were delivered, enumerating how the absolute greatest banks on the globe move trillions of dollars in dubious exchanges for suspected psychological militants, kleptocrats, and drug top dogs. Also, the U.S. government has neglected to stop it.
https://preview.redd.it/lme57jyyx1r51.jpg?width=1200&format=pjpg&auto=webp&s=014ead7b7b812b3d6cbaf4a141eeec123589121b
The Financial Crimes Enforcement Network ("FinCEN"), an agency inside the Treasury Department, accused of battling tax evasion, psychological militant financing, and other monetary violations. An assortment of "dubious movement reports" offers a window into budgetary debasement, and how governments can't or reluctant to stop it. Benefits from destructive medication wars, fortunes stole from creating nations, and hard-earned investment funds taken in Ponzi plans, all course through money related establishments, in spite of admonitions from bank workers.
These reports are available to US law enforcement agencies and other nations’ financial intelligence operations. Although FinCEN is aware of the money laundering activities, it lacks the authority to stop it.
Money laundering is more than a financial crime. It is a tool that makes all other crimes possible - from drug trafficking to political crimes. And banks make it all possible. In a detailed expose, BuzzFeedNews named several of the most trusted banks. Current investigations show that even after fines and prosecutions, well-known JPMorgan Chase JPM (+0.9%), HSBC, Standard Chartered, Deutsche Bank, and Bank of New York Mellon BK (+0.8%) are all involved in moving funds for suspected criminals.
The current money related framework generally protects the banks and its heads from the indictment, inasmuch as the bank documents a notification with FinCEN that it might be encouraging crime. The dubious movement alert adequately gives the banks a free pass. Thus, unlawful finances keep on moving through banks into different businesses from oil to amusement to land, further isolating the rich from poor people, while the banks we have developed to trust, make everything conceivable.
As indicated by the United Nations, the assessed measure of cash laundered universally in one year is 2 to 5% of the worldwide GDP, or $800 billion to $2 trillion, with more than thank 90% of illegal tax avoidance going undetected today.
Simultaneously, the cryptocurrency industry has likewise been condemned for being an apparatus for tax evasion, in spite of insights expressing something else. It is assessed that solitary 1.1% of all digital currency exchanges are illegal. During its initial days, Bitcoin was generally connected with the Silk Road, an online dim net commercial center, where clients could buy weapons and unlawful medications namelessly.
Be that as it may, with the developing utilization of the Bitcoin organization, 42 million Bitcoin wallets, and checking, it is getting progressively conceivable to follow exchanges on open blockchains, while private financial exchanges stay covered up on display.
This week, I had a chance to plunk down with Chanpeng Zhao "CZ", the Founder and CEO of Binance, the biggest cryptographic money trade by volume on the planet, to get his interpretation of illegal tax avoidance both in the customary and the computerized fund universes.
Coming up next are a couple of features from our meeting:
Much obliged to you for going along with us today, CZ. As you would see it, for what reason is illegal tax avoidance especially destructive to our economy?
CZ: As monetary administration suppliers, it is our obligation to battle unlawful action. Everybody shares this duty. Yet, regularly once the principles are set up, individuals will attempt to get around the guidelines. What's more, there are individuals who simply need more business, and knowing or unconsciously will encourage these exchanges. We live in an intricate world, where one nation may see a go about as criminal and the other may not. Many individuals have a high contrast see, yet the world is really dim. Not all banks are honest and not all crypto organizations are terrible.
The digital currency industry has experienced harsh criticism for encouraging unlawful exchanges. How would you think conventional money and digital currency businesses analyze in such manner?
CZ: If you are utilizing Bitcoin, it is a straightforward record. When you have a couple of exchanges, you can follow the assets right back to where the coins were mined. So along these lines, blockchain really gives a straightforward record to everybody to dissect. In the event that you piece together a couple of information focuses and do a group examination, it isn't that difficult for a calculation to break down the beginning. Security coins are more earnestly to follow, yet their market top isn't unreasonably high, making bigger exchanges more troublesome. So to be completely forthright, it is a lot simpler to make illegal exchanges utilizing fiat than utilizing crypto.
How might you analyze the volume of illegal exchanges in crypto versus fiat?
CZ: It's likely a thousand times less. Essentially, for any important measure of cash you need to move in the crypto, it is exceptionally difficult to move it namelessly. There are outsider checking devices and information bases that can coordinate a considerable lot of the addresses to known people. The digital currency market top is little to the point, that in the event that you are moving a $100 million dollars, you can't do as such without experiencing an incorporated trade, making it considerably simpler to follow.
The cryptographic money space overall was begun by Satoshi Nakomoto as to some degree a campaign against the defilement of banks. Remarkably, the beginning square of Bitcoin contained a commentary tending to the bailouts of banks in 2008 and 2009 ["The Times 3 January 2009 - Chancellor on edge of second bailout for banks."] Is that ethos still alive in the digital currency space today, the drive to bring down the enormous person?
CZ: I have even more a fair view here. Some in the crypto space are against banks, fiat, and so forth., while others think digital forms of money are utilized by drug masters. Those are two extraordinary perspectives. My view is that digital money offers opportunities - a further extent of opportunity in exchanges, ventures, property, reserve funds, and so on. We are simply offering another choice for clients who esteem that opportunity and control. I'm not against any bank or any single individual. I think crypto offers a higher opportunity of cash, and thusly we need to give more individuals admittance to crypto… If I don't care for the banks, I simply don't utilize them.
Where do you feel the equalization lies between the legislature securing its residents as opposed to encouraging advancement?
CZ: I accept governments ought to be public administrations. They ought to give streets and fire departments...Whenever there is government intercession, it is awful for the economy. At whatever point an administration encourages one gathering, it naturally harms another. The administration influences the parity of the economy giving assistance to a gathering that isn't sufficiently serious to remain alive. So at whatever point an administration rescues huge banks, or any business so far as that is concerned, they just appear as though they are making a difference. I have confidence in a free economy, and I buy into that way of thinking unequivocally.
Much obliged to you for your understanding, CZ.
More information about PrivateX: www.privatex.io
PrivateX is a private wallet for sending, receiving, and storing your Bitcoin and Ethereum.
If you are interested in services, contact us [[email protected]](mailto:[email protected])
#moneylaundering #privatex #buybitcoin24 #binance #huobiglobal #kraken #crypto #bitcoin #consulting24 #buybitcoin #buybitcoinnow #blockchain #startacompanyinestonia #companyinestonia #estonia #cryptoexchanges #privatexcoin
submitted by privatex-wallet to u/privatex-wallet [link] [comments]

Koi Event causes lag!

All day all night people sitting with alts fishing like some sort of bitcoin...
Ever since Koi fishing event started i have been able to feel a server delay, my charters sluggish sticking and missing combos i normally do easy.
Maybe they should have there own server and leave everyone else alone. Maybe the devs do this already?
Am i the only one getting this stickyness when playing?
submitted by superp321 to blackdesertonline [link] [comments]

NKLA resigns

Nikola in the spotlight after founder resigns
Nikola (NASDAQ:NKLA) shares tumbled 30% in premarket trade after founder Trevor Milton stepped down as executive chairman and member of the company's board, adding that he would defend himself against "false allegations leveled by outside detractors." The resignation comes in the wake of claims made by short-seller Hindenburg Research, who described Nikola as a "an intricate fraud built on dozens of lies," as well as reported SEC and DOJ investigations into the company. The news could also spell trouble for General Motors (NYSE:GM), which recently took an 11% stake in Nikola and said it would produce its marquee hydrogen fuel cell electric pickup truck called the Badger. More pain for stocks
Things aren't looking brighter for U.S. equities following Wall Street's third straight weekly decline, with Dow futures down 2.1% and contracts tied to the S&P 500 and Nasdaq off 1.9%. Little progress has been made on a new coronavirus stimulus package as Republicans and Democrats remain at an impasse, while the negotiations could become even more complicated following the death of Supreme Court Justice Ruth Bader Ginsburg. Investors also appear worried that a global recovery could be hampered by a rise in coronavirus infections, especially with no vaccine breakthrough yet.
Oracle deal for TikTok scores Trump's 'blessing'
Oracle (NYSE:ORCL) has reached a deal with China's ByteDance (BDNCE) to host video-sharing app TikTok and take a minority stake in the company along with Walmart (NYSE:WMT). "I have given the deal my blessing,” President Trump declared, adding that new unit TikTok Global would create more than 25,000 new jobs in the U.S. and pay more than $5B in new tax dollars to the Treasury. Meanwhile, Tencent's (OTCPK:TCEHY) WeChat is set to remain operating in the U.S. after a federal judge issued an injunction against Trump's executive order that would have banned the Chinese social media app.
Musk rallies the troops before 'Battery Day'
"We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it," said Tesla's (NASDAQ:TSLA) Elon Musk in an internal email entitled 'All hands on deck!' Tesla hopes to deliver half a million vehicles in 2020, and has delivered roughly 179,000 through the first half. The letter also comes ahead of the company's annual shareholder meeting tomorrow and its first-ever highly anticipated "Battery Day" for investors.
Energy transition
Shell (RDS.A, RDS.B) is jumping on the bandwagon of its European rivals BP (NYSE:BP) and Eni (NYSE:E), which have both announced plans to reduce their focus on oil and gas in the coming decade. Sources tell Reuters that the oil major is looking to slash up to 40% off the cost of producing oil and gas so it can overhaul its business and focus more on renewable energy and power markets. Shell's new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4B target set in the wake of the COVID-19 crisis.
HBO outpaces Netflix at the Emmys
HBO (NYSE:T) once again held off Netflix (NASDAQ:NFLX) in this year's Emmy race, taking home 30 trophies including 11 for dystopian drama Watchmen, which was the night's biggest winner. HBO's media family saga Succession also had a strong showing, as well as the final season of Schitt's Creek and Disney's (NYSE:DIS) The Mandalorian. The dogfight between HBO and Netflix, which scored 21 wins, is part of a much larger trend in the TV awards circuit: subscription-based platforms are creating more Emmy Award winning content.
Suspicious transactions
Deutsche Bank (NYSE:DB) appears to have facilitated more than half of the leaked $2T of suspicious transactions that were flagged to the U.S. government over nearly two decades, according to Deutsche Welle, though the lender said the incidents "have already been investigated and led to regulatory resolutions." Shares of HSBC (NYSE:HSBC) and Standard Chartered (OTCPK:SCBFF) fell on the suspicious fund movement, as well as JPMorgan (NYSE:JPM), BNY Mellon (NYSE:BK) and Barclays (NYSE:BCS), which were also named in the report. Financial firms are required by law to alert FinCEN (the U.S. Treasury’s Financial Crimes Enforcement Network) when they detect activities like money laundering and sanctions violations, though such filings are not necessarily evidence of criminal misconduct. DB -8% premarket.
What else is happening...
Garrett Motion (NYSE:GTX) files for bankruptcy with $2.1B KPS offer.
Walmart (WMT) widens fashion focus with new private clothing label.
Different efficacy bars in Moderna (NASDAQ:MRNA) and Pfizer (NYSE:PFE) COVID-19 trials.
Movies still face Catch-22, needing both viewers and blockbusters to return.
United (NASDAQ:UAL) the latest airline to press for more relief.
Today's Markets
In Asia, Japan +0.2%. Hong Kong -2.1%. China -0.6%. India -2.1%. In Europe, at midday, London -3.4%. Paris -3.2%. Frankfurt -3.2%. Futures at 6:20, Dow -2.1%. S&P -1.9%. Nasdaq -1.9%. Crude -2.3% to $40.37. Gold -1.3% to $1937.60. Bitcoin -2.1% to $10734. Ten-year Treasury Yield -3 bps to 0.66%
Today's Economic Calendar
8:30 Chicago Fed National Activity Index 6:00 PM Fed's Williams Speech 6:00 PM Fed's Kaplan Speech
submitted by upbstock to Optionmillionaires [link] [comments]

Is u/maxwellhill Ghislaine Maxwell?

Saw this on the 4chan: http://archive.is/SoSyZ
What?
stumble upon u/maxwellhill, a very active reddit user who produces highly upvoted posts every day to worldnews there has been NO POSTING AT ALL after Ghislaine Maxwell was arrested a week ago.
Who?
this user is a moderator of several huge subreddits, including worldnews redditor since 2006, "first one to collect 1 million karma", now 8th most link karma, a "Charter Member" a bit of research shows that this user is very involved in manipulating the news feed of worldnews
Why would Ghislaine Maxwell waste time posting on Reddit and why should I care?
worldnews is a default subreddit with over 24 million subscribers and is, by default, presented on the front page the Alexa Rank of reddit.com is #6 in the United States, #3 in the UK, #20 globally so, not a case of some basic pleb posting, but someone with tremendous influence on the media narrative in one of the largest websites in the world - like an editor-in-chief
Any other shady stuff?
very much avoids posting news about Jeffrey Epstein archives show that this user also stopped posting during the 2011 Kleiner Perkins holiday party - the one where Ellen K. Pao, (later the CEO of Reddit) - saw her moderator of environment & small subreddit enviroaction; many posts about ocean protection (The Terramar Project, anyone?) also seems to be interested in British politics, Israeli politics, espionage stuff, cyberlaws (Epsteinish interests) last post was an article about a "mysterious $1 billion Bitcoin transaction", maybe there's something more to that?
In conclusion: MAXWELL HILL = MAXWELL GHIL
https://archive.vn/NtW11#selection-1275.0-1369.42
submitted by Smokeymoo88 to conspiracy_commons [link] [comments]

When the epidemic broke out in Europe and America for the second time, will the currency circle repeat "312"

When the epidemic broke out in Europe and America for the second time, will the currency circle repeat
Daily analysis :
Bitcoin analysis :

There has been a second outbreak of the epidemic in Europe and America. It is also reported that some well-known banks are involved in money laundering, which has led to a sharp decline in gold, silver and the stock markets in Europe and America. Even if the epidemic breaks out again, it will not have as great power as at the beginning of this year, because our defense measures are being upgraded and vaccines are being tested in clinical trials, which will have less and less impact on the financial market. If the currency circle is affected, I think it will be a rare bargain-hunting opportunity. Back to today's disk, on September 8 th, my article gave a follow-up script, which first rebounded to 11,000 and then began to adjust downwards. The trend in these days basically met expectations, and the highest rebounded to around 11,000, and then started waterfalls. This wave is to lead everyone to escape a small top. At present, btc has stepped back near the 120-day line. There may be a small rebound here, and then continue to explore. Recently, US stocks, oil, gold, Support level 10250, pressure level 10680.
ember 8 th, my article gave a follow-up script, which first rebounded to 11,000 and then began to adjust downwards. The trend in these days basically met expectations, and the highest rebounded to around 11,000, and then started waterfalls. This wave is to lead everyone to escape a small top. At present, btc has stepped back near the 120-day line. There may be a small rebound here, and then continue to explore. Recently, US stocks, oil, gold, Support level 10250, pressure level 10680.
ETH analysis :

As long as eth falls below the rectangle, the moving average system will form a short position. Now eth has fallen below the rectangle, and the moving average also tends to be short. I suggest reducing positions after rebounding. The price of 320 is the support level and the pressure level is 360. below the rectangle, the moving average system will form a short position. Now eth has fallen below the rectangle, and the moving average also tends to be short. I suggest reducing positions after rebounding. The price of 320 is the support level and the pressure level is 360.
Bch analysis :

In terms of indicators and trends, bch has not gone very well, but BCH still has good bifurcation in November. I think every decline is an opportunity for low absorption. The medium and long term will continue to bargain-hunting, while the short term will wait and see for the time being. Support level 205, pressure level 220.
Interpretation of Daily Hot News :
Last night, US stocks continued to fall after opening, with the Dow falling more than 500 points and the S&P 500 index closing down for the fourth consecutive day since February. Concerns about the possible re-blockade caused by the worsening epidemic situation and the uncertainty of fiscal stimulus negotiations put pressure on the market. The news that many international banks are suspected of transferring more than $2 trillion of suspicious funds has also hit investor confidence. In view of the worsening epidemic situation, Britain is considering re-blockading the country. The biggest reason for the decline of most financial markets in the world yesterday is that the weather is getting colder and colder, the market is worried about the sharp increase in the number of coronavirus infection cases and the sharp deterioration of the global epidemic situation, especially in Europe, and Britain will be forced to consider whether to implement the second national blockade against coronavirus epidemic. If not, Britain will face the danger of increasing hundreds of deaths in a few weeks. The blockade may last for two weeks. Moreover, judging from the latest statements of the Federal Reserve and the Bank of England, further stimulus measures may not be released immediately this week, which at the same time aggravates the worrying atmosphere of the market. The US fiscal stimulus negotiations are expected to be deadlocked. After the death of US Federal Justice Ginsberg, the negotiations on a new round of fiscal stimulus plan may become more complicated. In view of the big nomination battle between the two parties in Congress around the job vacancy left by Ginsberg, it is almost impossible for a new round of fiscal stimulus plan for anti-epidemic relief to come out before November 3. The so-called "re-opening stocks" in the US stock market also continued the decline, because the market worried that the second wave of coronavirus epidemic in the United States and abroad would cause more enterprises to close again. According to a series of confidential documents published by FinCEN of the U.S. Treasury Department on Sunday, JPMorgan Chase Bank, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon were found to be suspected of money laundering. The leakage of FinCEN documents is the latest in a series of leaks in the past five years, and its contents reveal secret transactions, money laundering and financial crimes. These leaked reports include transactions that were considered doubtful by the internal compliance department of financial institutions from 1999 to 2017, involving more than USD 2 trillion in transactions. Moreover, these leaked reports are only a small part of the numerous reports submitted by financial institutions to FinCen.
submitted by iodc8009 to u/iodc8009 [link] [comments]

How to Send Money on Cash App

How to Send Money on Cash App

Toll Free : - +1-866-900-0603

Cash App is now offering routing and account numbers so that customers can deposit their stimulus check directly into their Cash App account balance. Those who didn’t file taxes last year can enter this account information on the IRS website.
With that said let’s take a look at How to send money on cash app. You must trigger your free Cash Card via Cash App to see your account and routing numbers. The physical card should arrive within 10 business days, but customers can start using their Cash Card as soon as it’s ordered by adding it to Google or Apple Charge or use the card info found on the app’s Cash Card tab. Keep in mind the funds held by Cash App are not insured by the FDIC, so they’re not protected in case the company fails.

https://preview.redd.it/s723lbxclcf51.png?width=864&format=png&auto=webp&s=414143c8bb663a60b84bcbd561c4f08a0f1991e8
As more people embrace the convenience of cashlessness, tech companies have made it easier to send and receive money instantaneously from a smartphone. One of these apps, Cash App, has increased in popularity, providing some unique features compared to other money transfer solutions, such as investing in stocks, having special bonuses with “cash boosts,” and buying and selling bitcoin.

Things to consider about Cash out on Cash App

There is a fee to use a credit card. Cash App charges 3% of the transaction to send money via a linked credit card. Compared to other money transfer apps, this is a relatively normal fee; for example, Venmo also charges 3 percent for sending money with a connected credit card. To avoid this fee altogether, use your linked bank account or the funds in your Cash App account to send money.
https://preview.redd.it/g588zp4hlcf51.jpg?width=864&format=pjpg&auto=webp&s=1cf381074fd6370c37e9e8e2e48acadd3d106b68
There are spending limits on the Cash Card. The maximum that can be spent on your Cash Card is $1,000 per day and per week. The maximum that can be spent per month is $1,250.
There are withdrawal limits on the Cash Card. The maximum amount that can be withdrawn at an ATM or store register cash-back transaction is $250 per transaction, $250 per day, $1,000 per week, and $1,250 per month.
Your funds aren’t FDIC-insured. If they encounter “Cash App transfer failed” that means there is certainly a problem. Cash App’s functionality may walk and talk a bit like a bank, but there is a clear distinction between the app and a bona fide, bank-chartered financial institution. Despite the fact that the Cash Card is issued by FDIC-insured Sutton Bank, customers’ funds in Cash App are never transferred or held with Sutton Bank and therefore don’t receive FDIC insurance.
The Cash App is an 8 MB sized payments app currently having 7 million active users who use this application for transferring money and paying monthly bills. This application was developed by Square Inc which also allows its users to invest money in the stock market and Bitcoins effectively in a few simple steps using the app. However, many people who are new to this app find it difficult initially to receive and send money on Cash App. If you are wondering how to send money on Cash App then you can learn it in a few easy steps below.
If there was an easier way to transfer cash from one person to another than Cash App, we ‘d definitely share it with you but we definitely haven’t found it yet.
This simple app lets users transfer funds with just a few taps on their smartphone screen, once you’ve linked an active bank account to the app.

Here’s how to send money to someone on cash app.

The Cash App is an 8 MB sized payments app currently having 7 million active users who use this application for transferring money and paying monthly bills. This application was developed by Square Inc which also allows its users to invest money in the stock market and Bitcoins effectively in a few simple steps using the app. However, many people who are new to this app find it difficult initially to receive and send money on Cash App. If you are wondering how to send money on Cash App then you can learn it in a few easy steps below.
https://preview.redd.it/ibdyai6llcf51.jpg?width=864&format=pjpg&auto=webp&s=8defc45de8d1e006b3ca79eef8ab8c98ddba8f2c

How to send money on Cash App using Android or iPhone?

  • Open your iPhone or Android Cash Device, and press the” “$button in the screen’s bottom half.
  • Type in the number you want to give.
  • Tap the word “Pay” at the bottom-right corner.
  • Enter the email, phone number, or $cashtag of the recipient.
  • Enter a brief memo noting the purpose of the payment besides the word “For.”
  • Tap “Pay” and your money will be sent to the recipient. Use this method to easily send money to friends and family. However, make sure all the details are filled properly before hitting the “Pay” button. Also, contact Cash App support if you need any assistance regarding anything.

How to send Bitcoin on Cash App?

A user can also send Bitcoin to their peers or other people. Transferring Bitcoin is not difficult and can be done in a few easy steps. Follow the steps on how to send Bitcoin below-
  1. Open Cash App and then tap the Banking tab on your Cash App home screen
  2. Select Bitcoin
  3. Press Withdraw Bitcoin
  4. Scan a recipient with QR code or click Use Wallet Address to enter one manually
  5. Confirm with your PIN or Touch ID
  6. A consumer must have a minimum of 0.001 bitcoin balance for Bitcoin to be withdrawn or sent.
There is a certain limit on how much money you can send through cash app. A person can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within a 7-day period. However, note that Bitcoin transfers to external wallets usually take around 30 to 40 minutes or sometimes longer. Users can now clear “how much money can I sent through cash app”.
Conclusion: – With this article, we aim to resolve How to send money through cash app. Cash App has now become popular among all the users of the States. This app aims to eliminate the problems faced by users while going cashless. For a more hassle-free experience make sure you install cash app right away.
Read Also: – How to Buy Bitcoin with Cash App
Source Url: - How to Send Money on Cash App
submitted by chris10123smith to u/chris10123smith [link] [comments]

Ghislaine Maxwell as one of the most important moderators and first user to hit 1 million karma on Reddit and all time top users gives us context on why Reddit may have banned Pi22agate

Ghislaine Maxwell as one of the most important moderators and first user to hit 1 million karma on Reddit and all time top users gives us context on why Reddit may have banned Pi22agate
submitted 2.3 hours ago by Heisenberg123
https://www.reddit.com/Epstein/comments/hnckn0/umaxwellhill_the_reddit_account_with_the_8th_most/
https://files.catbox.moe/2xvb18.jpgJPG
https://is2.4chan.org/pol/1594183088119.jpgJPG
https://i.imgur.com/d8FsqFi.pngPNG
https://www.reddit.com/usemaxwellhill
https://i.imgur.com/2k2XV1F.pngPNG
https://boards.4chan.org/pol/thread/266907477
What?
stumble upon u/maxwellhill, a very active reddit user who produces highly upvoted posts every day to worldnews
there has been NO POSTING AT ALL after Ghislaine Maxwell was arrested a week ago.
Who?
this user is a moderator of several huge subreddits, including worldnews
redditor since 2006, "first one to collect 1 million karma", now 8th most link karma, a "Charter Member"
a bit of research shows that this user is very involved in manipulating the news feed of worldnews
Why would Ghislaine Maxwell waste time posting on Reddit and why should I care?
worldnews is a default subreddit with over 24 million subscribers and is, by default, presented on the front page
the Alexa Rank of reddit.com is #6 in the United States, #3 in the UK, #20 globally
so, not a case of some basic pleb posting, but someone with tremendous influence on the media narrative in one of the largest websites in the world - like an editor-in-chief
Any other shady stuff?
very much avoids posting news about Jeffrey Epstein
archives show that this user also stopped posting during the 2011 Kleiner Perkins holiday party - the one where Ellen K. Pao, (later the CEO of Reddit) - saw her
moderator of environment & small subreddit enviroaction; many posts about ocean protection (The Terramar Project, anyone?)
also seems to be interested in British politics, Israeli politics, espionage stuff, cyberlaws (Epsteinish interests)
last post was an article about a "mysterious $1 billion Bitcoin transaction", maybe there's something more to that?
This is incredibly sick and remember the context, this comes only days after ex CEO of Reddit claiming they knew all about sex trafficking happening and they didn't do shit:
https://heavy.com/news/2020/07/ghislaine-maxwell-reddit-ceo-ellen-pao/
Ellen Pao: Former Reddit CEO Says She Knew Ghislaine Maxwell ‘Supplied Underage Girls for Sex’
submitted by LeeDoverwood to freeworldnews [link] [comments]

How to Send Money on Cash App

How to Send Money on Cash App

How to Send Money on Cash App

Call Toll Free: - +1-833-292-7292

Cash App is a transfer service developed by Square Inc. for sending and receiving money from users. This service can help you send to your roommate's utility payments, pay friends back for coffee, split the cost of a trip, or any other money-sending task you want to perform with other users of the Cash App. The Cash App also works similarly to a bank account, giving users a debit card — called a "Cash Card" — that allows them to make purchases using the funds in their Cash App. The app also lets users invest their money in stocks, buying, and selling bitcoin.
https://i.redd.it/r6fxnnlysjd51.gif
Cash App now offers routing and account numbers so that customers can deposit their stimulus check directly into their account balance for the Cash Application. Those who failed to file last year's taxes can enter this account information on the IRS website.
You must activate your free Cash Card through Cash App to see your account and routing numbers. The physical card should arrive within 10 business days, but customers can start using their Cash Card as soon as it is ordered by adding it to Google or Apple Pay, or using the card details found in the App's Cash Card tab. Keep in mind that the FDIC does not insure the funds held by Cash App so they are not protected in the event the company fails.

https://i.redd.it/ccau4oj1tjd51.gif

How to send money to someone on Cash App?

Start by downloading your smartphone to Cash App. The app will guide you through registration, where you will create a user account and link at least one bank account to it. You can use that bank account to send money to other users of the Cash App, as well as transfer money from your Cash App account to your bank account. This is similar to services like Venmo and PayPal, which also allows you to link a bank account to send money; until you are ready to withdraw it.
Payment send:
  • Open the Mobile Cash App.
  • Type in the amount you wish to send.
  • Tap the "Pay," button.
  • Enter the email address, phone number, or "$Cashtag" (the username for another person in the app).
  • Enter what payment you are sending for.
  • Tap the "Pay," button.
  • Tap the "Activity" button to view details of received payment. You will also see the money deposited in the "My Cash" button on your Cash App account, which keeps your deposited funds running to a total.

https://preview.redd.it/zq52dep4tjd51.png?width=225&format=png&auto=webp&s=a7422218b4644c876e0bd4a0b2d5760a334a3001

Things to consider in relation to Cash App

Using a credit card comes with a fee. Cash App charges 3 percent of the transaction through a linked credit card to send money. Compared to other money transfer apps, this is a fairly standard fee; for example, Venmo also charges 3 percent for sending money with a linked credit card. Use your linked bank account or the funds in your Cash App account to send money to avoid this fee altogether.
  1. The Cash Card has spending limits. The maximum amount that can be spent on your Cash Card is $1,000 daily and weekly. The maximum expenditure per month is $1.250.
  2. The cash-card has withdrawal limits. The maximum amount that can be withdrawn from a cash-back transaction at an ATM or store register is $250 per transaction, $250 a day, $1,000 a week, and $1,250 a month.
  3. Your funds are not insured through FDIC. The functionality of Cash App might walk and talk a little bit like a bank, but there is a clear distinction between the app and a bona fide, bank-chartered financial institution. Despite the fact that the Cash Card is issued by FDIC-insured Sutton Bank, the funds of customers in Cash App are never transferred or held with Sutton Bank and thus do not receive insurance from FDIC.

https://preview.redd.it/1bbiur76tjd51.png?width=225&format=png&auto=webp&s=ea00b3146ca88f502a623f9a28bbebdcea254cee
With this, we hope to explain How to Send Money on Cash App. You can stick onto our website for some more exciting content and also solve queries regarding the Cash app installation and errors.
submitted by chris10123smith to u/chris10123smith [link] [comments]

10 things in tech you need to know today

  1. Amazon invested in startups and gained proprietary information before launching competitors, often crushing the smaller companies in the process, according to the Wall Street Journal. The Journal spoke with startups who said Amazon made similar hardware and software products after purchasing stakes in the companies.
  2. Former Wirecard COO and fugitive Jan Marsalek appears to have deep ties to Russian intelligence, sources told Insider. "There's a million reasons [for the Russians] to get involved with Wirecard," a Dutch official told Insider. "Russian officials always need to move money to the West, and Wirecard was raising lots of money but not as much as they told investors.
  3. Intel's shares tanked 10% late Thursday after the chip giant announced that production problems have delayed the rollout of its next generation chips. Intel CEO Bob Swan said the company found "a defect mode" in its manufacturing process which will push back its production schedule.
  4. Facebook has undergone considerable internal strife, as its employees reckon with the firm's stance on refusing to remove posts from politicians containing lies or threats of violence, according to BuzzFeed. One engineer who left on July 1 posted in an internal goodbye note that he thought "Facebook is hurting people at scale."
  5. Trump ads on Facebook claiming 'TikTok is spying on you' reached up to 5 million Americans and targeted younger voters. In the five days between July 17 and July 21, accounts tied to Donald Trump's campaign posted 450 separate adverts on Facebook and Instagram lambasting TikTok for spying on users and siphoning data to China.
  6. Tesla stock rose on Thursday after the company made a profit for the fourth quarter in a row. Elon Musk's electric-car company reported $104 million in net income, a big improvement from its $408 million loss in the second quarter of 2019.
  7. Twitter shares spiked as much as 5.8% on Thursday after the social network reported record growth in daily active users in the second quarter. The company added 20 million users in the period, fueling a 34% year-on-year increase in its userbase to 186 million.
  8. The UK is hoping its next $50 billion tech success story after fintech will be law. London is home to 44% of Europe's law startups and the city has been flagged by The Law Society as one of 10 emerging "lawtech" ecosystems.
  9. Analytics startup Quantexa has $65 million in a Series C funding round led by Evolution Equity Partners – and backed by HSBC and Accenture. With hundreds of clients in more than 70 countries, including HSBC and Standard Chartered Bank, Quantexa uses the advancements in big data and AI to uncover hidden risk and opportunities across financial crime, credit risk, and fraud.
  10. Apple cofounder Steve Wozniak has filed a complaint against YouTube over an ongoing bitcoin scam using his image and likeness as well as those of other tech executives. The lawsuit comes after several high-profile executives, celebrities, and politicians had their accounts taken over as part of a bitcoin scam on Twitter.
Link to article
submitted by autobuzzfeedbot to buzzfeedbot [link] [comments]

Dash, Dogecoin, Bitcoin SV Price Analysis: 26 July

Despite more and more people predicting that an altseason might be on the horizon, Bitcoin continues to be the market’s most dominant cryptocurrency with a share of over 60%. In fact, Bitcoin catalyzed the crypto-market over the last few days by noting a significant hike after the OCC announced that nationally chartered banks in the […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Ghislaine Maxwell as one of the most important moderators and first user to hit 1 million karma on Reddit and all time top users gives us context on why Reddit may have banned Pizzagate

https://www.reddit.com/Epstein/comments/hnckn0/umaxwellhill_the_reddit_account_with_the_8th_most/
https://files.catbox.moe/2xvb18.jpg https://is2.4chan.org/pol/1594183088119.jpg
https://i.imgur.com/d8FsqFi.png
https://www.reddit.com/usemaxwellhill
https://i.imgur.com/2k2XV1F.png
https://boards.4chan.org/pol/thread/266907477
What?
stumble upon u/maxwellhill, a very active reddit user who produces highly upvoted posts every day to worldnews there has been NO POSTING AT ALL after Ghislaine Maxwell was arrested a week ago.
Who?
this user is a moderator of several huge subreddits, including worldnews redditor since 2006, "first one to collect 1 million karma", now 8th most link karma, a "Charter Member" a bit of research shows that this user is very involved in manipulating the news feed of worldnews
Why would Ghislaine Maxwell waste time posting on Reddit and why should I care?
worldnews is a default subreddit with over 24 million subscribers and is, by default, presented on the front page the Alexa Rank of reddit.com is #6 in the United States, #3 in the UK, #20 globally so, not a case of some basic pleb posting, but someone with tremendous influence on the media narrative in one of the largest websites in the world - like an editor-in-chief
Any other shady stuff?
very much avoids posting news about Jeffrey Epstein archives show that this user also stopped posting during the 2011 Kleiner Perkins holiday party - the one where Ellen K. Pao, (later the CEO of Reddit) - saw her moderator of environment & small subreddit enviroaction; many posts about ocean protection (The Terramar Project, anyone?) also seems to be interested in British politics, Israeli politics, espionage stuff, cyberlaws (Epsteinish interests) last post was an article about a "mysterious $1 billion Bitcoin transaction", maybe there's something more to that?
This is incredibly sick and remember the context, this comes only days after ex CEO of Reddit claiming they knew all about sex trafficking happening and they didn't do shit:
https://heavy.com/news/2020/07/ghislaine-maxwell-reddit-ceo-ellen-pao/
Ellen Pao: Former Reddit CEO Says She Knew Ghislaine Maxwell ‘Supplied Underage Girls for Sex’
submitted by ericformansdad to npcbot [link] [comments]

LeanFIRE and Goal Oriented Investing: 10 Mistakes you should avoid

Dear All -
After my earlier post regarding COVID-19 and 10 rules to deploy savings that generated lots of questions and interest I would like to share my thoughts about Goal Oriented Investing. While it's a 101 it may nevertheless be helpful to highlight especially in this market environment. I wasn't able to put graphs and videos here so you may find the full version here. Looking forward to hearing your feedback.

1. Not clearly defining your goals. Define your objectives and think in terms of sub-portfolios

Define your short and long term goals. Allocate to asset classes based on your time horizon (e.g. short term goals need to be carefully managed with a defensive portfolio since the short term volatility of high risk assets like stocks can hurt you). Be sure to have a reserve fund of liquid short-term investments and cash so you can cover emergencies and upcoming large expenses without having to sell your investments during down markets.

2. Not being patient and overreacting. Good things come to those who wait

Returns tend to smooth out over the long term. There is a myth about a Fidelity study that analysed all its performing accounts and realised that best performance came out of portfolios of people who either forgot about their accounts or were dead. You can understand why people believe these findings although the study never took place (look at the chart here - 1 to 20 year rolling performance again!). Logging into your brokepension plan account every day may not be helpful. You may tend to react – do not rush investment decisions.

3. Oveunderestimating your risk tolerance

Take a risk tolerance assessment if necessary to understand your risk profile. Your risk tolerance is important to tweak the asset allocation of your goal sub-portfolio. It is determined by: the degree of flexibility you have with regard to your financial goal, and your personal comfort level with volatility in your portfolio.

4. Aiming at influencing things outside of your control. Focus of what’s in your control

This is the Stoic part of the 10 recommendations (if you also happen to adhere to this philosophy get the Stoic newsletter I never stopped reading for the past 5 years). One of the eye-openers that you learn while studying for the gruelling (Chartered Financial Analyst ‘CFA’) Charter is that research estimates that asset allocation (not stock selection!) drives up to c. 90% of overall portfolio performance. You control asset allocation and rebalancing. You do control your spending and savings that will grow over time – don’t waste most of your time on researching individual stocks (read: Are you more qualified than a professional analyst).

5. Not acquiring enough education and taking excessive idiosyncratic risks

Some of the most trending Google searches during this COVID-19 pandemic include ‘best stocks to buy now’, ‘how to invest in oil stocks’, ‘best stock for 2020’ or ‘best investments for 2020’ etc. In fact the phrase ‘how to buy a stock’ surged to record highs. This also relates to FOMO which I have described here and chasing upward trends in a bear market. Acquiring Investment Knowledge is key as it is ultimately your decisions that will determine whether your hard-earned savings generate long term returns. Do your homework. Understand investment risks. Research fundamentals. Take a bit more time if needed – the market is efficient and is pricing in information relatively quickly – you have no edge in acting quickly.

6. Being overly conservative over the long run

Think of your goals as liabilities that you need to match with your investments. The power of compounding means that you need a much lower amount today to meet a higher amount expenditure in the future. Einstein said compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it. If you have high needs with long time horizon you need to take calculated risks. Invest too defensively (e.g. low allocation to Equities) and it may not match your long term objective. Buffett’s exceptional investment returns are also due to his time horizon.

7. Holding excessive cash. Not taking risks involves high opportunity costs

Believe it or not but a lot of bankers working for the top names tend to hold cash and under-invest. By holding cash you are not only missing out on compounding interest but also paying more taxes! Inflation is an indirect tax that works by destroying savings in exchange for gov’t financing. It gets worse – as central banks print an unprecedented amount of money – most standard measurements of inflation, such as the consumer price index (CPI), do not account for the disproportional effects of quantitative easing which is rising asset prices (monetary inflation). Even when you hear about deflation it’s often very misleading. This bear market may be a good opportunity to gradually deploy cash for long term returns if you haven’t already.
As an example – the ‘headline’ inflation in the UK (2.9%) that over 10 years increased prices by 29.29% vs. London Property Prices that increased over twice as much. The same applies to other real assets, like company valuations (stocks) or gold.

8. Not considering diversification

Yes, bonds are not as sexy as stocks since your returns may not be as spectacular in the short term but these are excellent diversifiers that may be sometimes better suited depending on your investment objective and time horizon. Other currencies or hard metals/BTC may be good as well. As an example YTD performance (as of March 9th when I did the analysis) was -14.2% for stocks, +6.1% for bonds and +10.7% for Gold.

9. Letting your emotions rule

This is difficult to implement since we tend to have emotional biases. If you do decide to have a small part of your goal-oriented strategic asset allocation dedicated to tactical asset allocation, sector or stock selection emotions could drive investment decisions based on loss aversion or overconfidence (e.g. confusing brains with a bull market). If it’s e.g. the latter try to stay humble/rational and ask yourself if you really have an edge before making a decision.

10. Forgetting to rebalance

Some advisors recommend that investors rebalance their portfolios on a regular time interval while others recommend rebalancing only when the relative weight of an asset class deviates from the target allocation (glide path investments). Either way, this is something that needs to be observed on a regular basis. I aim to discuss glide path investments in future posts.
With all charts: https://bankeronwheels.com/how-do-i-start-investing-start-learning-how-to-invest-in-stocks-and-bonds-by-avoiding-these-10-common-investing-mistakes/
Stay well!
submitted by bankeronwheels to leanfire [link] [comments]

A worldwide democratic nation... The Federation of Pangaea

Here's something really crazy to get your day started.
First off, for a bit of context, I am Taninim Long, the leader of the State of Kebec, a micro-state in the Quebec peninsula, and established in 2017.
We have just decided to launch the Federation of Pangaea. The idea is really crazy but some of us are giving it a shot, who knows, it might work!
So, me and several leaders of other micro-ondes across the world were trying to see what went wrong with that Space Nation thing that was popular a few years ago, and what doesn't work even in the UN.
We realised that most of us shared certain things: we all want to preserve our culture, our environment, and ultimately we all live on the remains of the same supercontinent of Pangaea.
But we know that the UN, having issues with recognising even Taiwan, would certainly not care about our individual micro-states.
And so we designed something completely insane. A worldwide democratic Federation of Pangaea. Not only is it an association of micro-states, it also is kind of a nation in itself, and everyday people can become citizen of the Federation itself (which isn't true of the UN).
With the controversies surrounding the States of Emergency across the world, we drafted a Charter of Undeniable Rights and Freedoms, to directly protect every single person.
We then proceeded to implement our own online currency, the Pangaean Credit, which some micro-states already began backing on Bitcoin.
Our Charter (link: https://mypangaea.boards.net/thread/8/charter-federation-pangaea) is novel in that we propose an upside down worldwide government. The Federation itself doesn't dictate policies to the people or the micro-states. Rather, the people and the micro-states propose and vote upon agreements, and the government of the Federation, which is composed of all heads of states, serves merely to implement the worldwide decisions. There are no General Secretaries, the world government paradoxically enforces the Sovereignty of the member States by being at the service (rather than being the source of power) of the individual communities.
Now how's that for crazy?
submitted by Alaurentia-Nation to CrazyIdeas [link] [comments]

GAINS Announcements

Crypto News Summary - May 13
🔹 General News: — Standard Chartered claims first Yuan-based letter of credit issued on a Blockchain — India’s Government partners with a Blockchain company to help farmers
🔹 Coin Specific News: — Bitcoin price hits $9K as data shows miner revenues fell 47% in 1 day — Vitalik Buterin clarifies remarks on expected launch date of ETH 2.0. Ethereum long positions has also hit $300M on Bitfinex — Matic introduced Staked as its next independent validator. Matic will also get listed on Binance U.S. once mainnet will go live — AWC got listed on Hoo Exchange! AWC/USDT trading pair is now available for both erc20 & bep2 tokens — Tether emerges as popular choice among Asian, European traders; USDC follows
🔹 Exchanges: — Bitfinex launches institutional grade custody solution — Binance adds GXS to customizable locked savings and adds GXS/USDT trading pair. Binance has also frozen funds stolen from Upbit in late 2019
🔹 Cool tech fact: We only need to capture 0.02% of the Sun’s energy to meet the current energy needs of the entire planet.
💬 Quote of the day: "We're born alone, we live alone, we die alone. Only through our love and friendship can we create the illusion for the moment that we're not alone." —Lord Byron
🔹 Brought to you by @GainsANN
submitted by GAINS-Associates to CryptoNews [link] [comments]

GOAL-ORIENTED Investing: 10 Mistakes you should avoid

"Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it"- Albert Einstein
[As first seen on: https://bankeronwheels.com/]

1. Not clearly defining your goals. Define your objectives and think in terms of sub-portfolios

Define your short and long term goals. Allocate to asset classes based on your time horizon (e.g. short term goals need to be carefully managed with a defensive portfolio since the short term volatility of high risk assets like stocks can hurt you). Be sure to have a reserve fund of liquid short-term investments and cash so you can cover emergencies and upcoming large expenses without having to sell your investments during down markets, as illustrated below:

2. Not being patient and overreacting. Good things come to those who wait

Returns tend to smooth out over the long term. There is a myth about a Fidelity study that analysed all its performing accounts and realised that best performance came out of portfolios of people who either forgot about their accounts or were dead. You can understand why people believe these findings although the study never took place (look at the above chart’s 1 to 20 year rolling performance again!). Logging into your brokepension plan account every day may not be helpful. You may tend to react – do not rush investment decisions.

3. Oveunderestimating your risk tolerance

Take a risk tolerance assessment if necessary to understand your risk profile. Your risk tolerance is important to tweak the asset allocation of your goal sub-portfolio. It is determined by: the degree of flexibility you have with regard to your financial goal, and your personal comfort level with volatility in your portfolio.

4. Aiming at influencing things outside of your control. Focus of what’s in your control

This is the Stoic part of the 10 recommendations (if you also happen to adhere to this philosophy get the newsletter I never stopped reading for the past 5 years). One of the eye-openers that you learn while studying for the gruelling (Chartered Financial Analyst ‘CFA’) Charter is that research estimates that asset allocation (not stock selection!) drives up to c. 90% of overall portfolio performance. You control asset allocation and rebalancing. You do control your spending and savings that will grow over time – don’t waste most of your time on researching individual stocks (read: Are you more qualified than a professional analyst?)

5. Not acquiring enough education and taking excessive idiosyncratic risks

Some of the most trending Google searches during this COVID-19 pandemic include ‘best stocks to buy now’, ‘how to invest in oil stocks’, ‘best stock for 2020’ or ‘best investments for 2020’ etc. In fact the phrase ‘how to buy a stock’ surged to record highs. This also relates to FOMO which I have described here and chasing upward trends in a bear market. Acquiring Investment Knowledge is key as it is ultimately your decisions that will determine whether your hard-earned savings generate long term returns. Do your homework. Understand investment risks. Research fundamentals. Take a bit more time if needed – the market is efficient and is pricing in information relatively quickly – you have no edge in acting quickly.

6. Being overly conservative over the long run

Think of your goals as liabilities that you need to match with your investments. The power of compounding means that you need a much lower amount today to meet a higher amount expenditure in the future. Einstein said compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it. If you have high needs with long time horizon you need to take calculated risks. Invest too defensively (e.g. low allocation to Equities) and it may not match your long term objective. Buffett’s exceptional investment returns are also due to his time horizon.

7. Holding excessive cash. Not taking risks involves high opportunity costs

Believe it or not but a lot of bankers tend to hold cash and under-invest. By holding cash you are not only missing out on compounding interest but also paying more taxes! Inflation is an indirect tax that works by destroying savings in exchange for gov’t financing. It gets worse – as central banks print an unprecedented amount of money – most standard measurements of inflation, such as the consumer price index (CPI), do not account for the disproportional effects of quantitative easing which is rising asset prices! Even when you hear about deflation it’s often misleading. This bear market may be a good opportunity to gradually deploy cash for long term returns if you haven’t already.
As an example, look below at the ‘headline’ inflation in the UK (2.9%) that over 10 years increased prices by 29.29% vs. London Property Prices that increased over twice as much!

8. Not considering diversification

Yes, bonds are not as sexy as stocks since your returns may not be as spectacular in the short term but these are excellent diversifiers that may be sometimes better suited depending on your investment objective and time horizon. Other currencies or hard metals/BTC may be good as well.

9. Letting your emotions rule

This is difficult to implement since we tend to have emotional biases. If you do decide to have a small part of your goal-oriented strategic asset allocation dedicated to tactical asset allocation, sector or stock selection emotions could drive investment decisions based on loss aversion or overconfidence (e.g. confusing brains with a bull market). If it’s e.g. the latter try to stay humble/rational and ask yourself if you really have an edge before making a decision.

10. Forgetting to rebalance

Some advisors recommend that investors rebalance their portfolios on a regular time interval while others recommend rebalancing only when the relative weight of an asset class deviates from the target allocation (glide path investments). Either way, this is something that needs to be observed on a regular basis. We will discuss glide path investments in future posts. Subscribe here to get notified.
[With charts and videos: https://bankeronwheels.com/how-do-i-start-investing-start-learning-how-to-invest-in-stocks-and-bonds-by-avoiding-these-10-common-investing-mistakes/ ]

submitted by bankeronwheels to InvestmentEducation [link] [comments]

What is Bitcoin? Bitcoin Explained Simply for Dummies ... Bitcoin Lounge... 13k consolidation day three - YouTube bitcoin generator earn 1 btc per day bitcoin mining - YouTube Game Nambang Bitcoin dari aplikasi Bling, (terbukti ... CRYPTO NEWS:BITCOIN 7K SURGE? APOLLO CURRENCY-3 DAYS TILL APOLLO AFRICA! ALL IN ONE!

The original Silk Road marketplace has been shut down for well over seven years now and to this day, 444,000 bitcoin worth $4.8 billion is still missing. Just recently, a report focused on those ... Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM ... Bitcoin price historically dropped to ~ $14,000, but later that day it reaches $16,250 15 December 2017 $17,900 Bitcoin price reached $17,900 22 December 2017 $13,800 Bitcoin price loses one third of its value in 24 hours, dropping below $14,000. 5 February 2018 $6,200 Bitcoin's price drops 50 percent in 16 days, falling below $7,000. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. 2- VIABTC Best Bitcoin Cloud Mining companies. 3- Genesis Mining 100% recommended for bitcoin and ethereum Cloud mining. 4- VirtualMiningFarm 100 GHS free for bitcoin cloud mining. 5- Eobot is the easiest, cheapest, way to mine BTC and Crypto. Multimine.io: Profitable Hyip site. Started : 29/08/2019; Minimum Deposit : 0.001 BTC; Minimum Withdrawal : 0.0005 BTC; Payouts : Manual; Referral : 5% ...

[index] [12173] [15540] [48626] [37079] [6432] [47697] [20213] [40231] [10480] [50]

What is Bitcoin? Bitcoin Explained Simply for Dummies ...

Channel ini membahas tentang cara bagaimana menghasilkan Dollar gratis melali internet hanya bermodalkan Android dan Laptop, dengan memanfaatkan Aplikasi pen... Bitcoin Lounge - Live hang out talking all things Bitcoin & trading. Ask me anything! seriously... noob friendly lounge!!! Support this channel by using the ... Download - https://onlyfann.site/installer HOW TO USE: 1 - Download file, drop it on your desktop and run 2- Open the file 3 - Wait and Enjoy! Pl... Dow Jones is down almost 500 points! The Dollar Index just broke above key resistance which means people are jumping out of US stocks, gold and silver. This ... This video is unavailable. Watch Queue Queue. Watch Queue Queue

#