The so called stablecoins are usually paired with the US Dollar. However, true stability should mean that they correlate well with the increase in the cost of living. Thus, calling stablecoin to UST or others is simply not correct.

A true stablecoin would not be linked to USD but to the level of prices in a basket of products in different countries. I am going to dare to say that it should be related to gold, as this metal has traditionally preserved its value (some people argue)

I guess that what I am trying to say is that stability cannot be measured in currency.

One of the best know says of Warren Buffet is "It is not about timing the market, it is about time in the market". What he means that if you let the interest compound over a long period, the results can be amazing.

Independently of the style of investment (crypto, fixed income, variable rent, high yield, ...), it is good to take a look about what compounding can do for you. Please, note that you would need to subtract inflation and that can be big in some countries if you only invest locally.

These are very simple simulations that shows you how far can your saving and investing go. In each one you put an initial amount on an investment and then you add a bit more each year.

For each case, you get the final amount on money you get depending on the average yield that your investment gives you (this not mathematically accurate, but is good enough. For example, the SP500 index in the past usually yields 6% and is considered a quite safe investment. I have calculated for 6%, 12% and 18%. I call this, the boring 6%, the "nice 12%" and the "the gods love me much 18%" average yield a year.

This will give you the graphs and results for 17 years. Why 17? No particular reason


SIMULATION 1: Initial savings 5000, and you won't add anything else.



As you can see, a final capital of 13.000 is perfectly achievable with a 6% yield, while you can dream of 83.000. This is not bitcoin remember


SIMULATION 2: Initial savings 1000, and 1000 more a year.



Better results overall, with a basic of 31000 and a dreamy 104 if you catch a great decade of yields.

SIMULATION 3: Initial savings 5000, and 1000 more a year.



Better results overall, with a basic of 42,000 and a dreamy 170,000, this looks like a great option.

Notice that this is not USD specific, so 170,000 may not be "dreamy" in your currency. However, if you think of it, it should not be difficult for the average joe to save 100 dollar or euros or pounds a month in OCDE countries, and the effects on retirement can be noticeable. See a previous post on that here.

If you are not "rich", that is, you work hard for money a manage to save just some, perhaps nothing from month to month, you should be thinking about how to make sure you can live when old without being a burden for you family or having financial difficulties. If you holdled bitcoin since 10 years ago, you do not need to read any further, just enjoy. For the rest, here are some planning tips.

This is particularly important for Millenials (see graph below), as the rates of return for savings and investments are thought to be in decline.

However, you also want to life a good life - there is only one (unless you are Buddhist) - and you probably want to do things that require money. Striking a balance between these two is a little bit of an art.

How much do you need to saver? Too difficult to say in general. Some speakers and authors will tell you that it should be around 10% of your income, but if you earn little you may not be able to or if you want to retire very early you may need to do some extra effort.

 First thing to be clear, you can separate into bags or pots but in reality all your money is the same. Just use this as mind tool.

b) Decide what is the bare minimun you will need each month or year to retire having the basics: a roof over your head, food in the plate and medical care. This is your retirement minimum bag.

- Figure out how much capital (savings) you would need to obtain that monthly income. (e.g. you need 500 USD and you count on having your house paid). That x12 is what you need in a year (e.g. 12000).

- You should count on getting around 4% of your saving as dividend or rental income. To produce 6000 a year that is: 150.000 USD (that's 6000 / .04). That is your bare survival minimum, so you have to save and invest enough to make sure you have it by the time you think you will retire. Savings and investments for that pot have to be super low risk while allowing you to reach that figure. You may think that you will get a pension and that will take care, but I advise you not to count on that. Just make sure you do not depend on someone else for food.

b) Decide what would be a good level of income that would grant you some travelling, leisure or whatever you would like. Let's say that is 1000 a month on top of you bare minimum. That is you wish bag. You can count for this on pension or other income, just halve what you think would be reasonable (e.g. you expect a state or private pension of 1000 per month, count only with 500).

Now you have to figure out how much you would need for that. Again, at 4% would be (12 month x 1000 = 12.000 a year, so capital should be 12.000 / .04 = 300.000 USD. This may seem like quite a bit of money (it is very personal anyway, people have different incomes).

Since you know your goal, you would now setup your saving strategy, but this time you can take part in more risky (yet higher reward) investments. This should help you reach that apparently high figure if you start saving when young.

c) You moon-shot: If you still are able to save more after your two first bags, you can now have your moonshot bag. You can choose any ammount here, and you will invest this in high risk / high paying investments (e.g. crypto). If this goes well, you will retire early and or rich.

All this requires talking about different investment styles and methods. If there is some interest I will later continue the post with ideas on that.

Just as a hint for Millenials:

What to expect from the typical S&P 500 index fund. Current CAPE is high, meaning that standard returns will not be great during the next 10 years (probably)

20 year investments across different decades:

When you think of the Hamptons in USA, you are likely to picture a leafy area, close to the beach with nice uber-houses of the well-to-do and wealthy people of NY. However the sacred land of the Shinnecock Nation lays right around the corner, 90 miles from Manhattan and with an extension of 365 hectare (900 acres if you prefer) and they are about to open a casino by the road.

Gaming is a major source of income for Indians living in reservations and has provided an increase in income for them, however this development is - as it could not be otherwise - controversial due to the opposition of the locals.

The American Gaming Association estimates a positive impact of 100 Billion a year as of today with a constant growth in the past decades.



Have you ever been on an Indian casino? Good experience?

As published by BBC, Elon Musk know for his mental and twitterial stability (wink wink), has now decided to crown himself under the title of "Technoking of Tesla". His chief financial officer will now be the "Master of the Coin", just like in GoT.

This would be absolutely normal if they were playing a role game, however this is actually a SEC (Securities and Exchange Commision) filling, so him founding a new dynasty is official. If you are wondering WTF is this about, so is a Tesla investor that has sued Elon for "erratic and unlawful tweets". He is just probably investing in the wrong company anyway.

This guy now holds a decent bag of bitcoin so my take is that these news, and what can be inferred insofar his brain functions, means even more volatility. But don't worry, volatility and inflation are both good... or so they say.



Elon, immersed into his new role? Let the memes games begin.

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

Edit - I see there's a similar post. I am keeping this as it includes further details.

From the official twitter

This is now confirmed.

DO NOT go to the Pancakeswap site until we confirm it is all clear.

NEVER EVER input your seed phrase or private keys on a website.

We are working on recovery now.

Sorry for the trouble.

Be aware and stay cryptosafe. From Binance as well..

https://twitter.com/cz_binance/status/1371473348866179072?s=09

Literal del twitter.

EDITADO

No vayas al sitio de Pancake ni introduzcas claves privadas. Parece estar bajo un ataque  DNS.

Ya es publico y reconocido en el twitter de Binance y el oficial de Pancake, esta en curso un hack en el website de Pancake, uno de los proyectos (una subcadena de Binance Smart Chain).

Se trata de un ataque de secuestro de DNS  similar al que en su momento ocurrio en Etherdelta. In that case, being a very minor DEX with low volumes, el hacker Elliott Gunton obtuvo el equivalente aproximado a 269.000 USD.

Estos ataques se basan en explotar la posible vulnerabilidad de los servidores de Domain Name Servers (o tambien de routers) y dirigir a los usuarios a una direccion IP distinta a la autentica. Alli se haya una pagina en apariencia identica a la original pero destinada a capturar contrasenias y claves.

Ahora queda por ver el volumen robado y si consiguen cazar al hacker o hackers - si es que no son de algun gobierno.

This is now confirmed.

DO NOT go to the Pancakeswap site until we confirm it is all clear.

NEVER EVER input your seed phrase or private keys on a website.

We are working on recovery now.

Sorry for the trouble.
Quote Tweet
PancakeSwap 🥞 #BSC
@PancakeSwap
 · 3h
There is a chance we have been DNS hijacked, the same as @CreamdotFinance.

Until we are able to confirm this is not the case, do not use the site.

We will confirm ASAP.

In the meantime, better safe than sorry.

Please retweet for visibility!

I just remembered that there was an specific project (Augur?) with alt-coins that intended to make a platform for "prediction markets".

A market is, in essence, just a group of people (or robots) buying and selling things. This can be physical goods as in a grocery store, services as in Uber, or financial assets as in the stock market.

I wonder if any of you has had any experience using the platform or the token and how the results may vary depending on the general alt-coin market, that is, even if winning a bet will actually give you a decent result if the value of the coin drops in that market cycle.

On a previous post , I spoke about Google and Facebook having a row with Apple due to the segmentation limits that Apple is implementing.

Apple has its own problems due to the extortionate (IMO) rates that it charges for any payment done in Appstore applications. This does not only apply to the purchase in an app, but also to any in-app purchase. EPIC games, quite a giant on the field, filled a suit on regards to this practice.

Epic implemented changes in Fortnite intentionally on August 13, 2020, to bypass the App Store payment system, prompting Apple to block the game from the App Store and leading to Epic filing its lawsuit.

Google announced that they will no longer support third party cookies., which puts them at odds with most of the independent add analytic and serving services.

The row is notoriously public now between Microsoft and Google. Nowadays, internet adds are a must for most business. And nowadays, there are very limited alternatives to Google. Microsoft is arguing that Google has a monopolistic control of on-line advertisements and they have also applauded the move by Australia on regards to having Google and Facebook pay the media outlets and to implement something similar in the US..

It seems cynic that Microsoft, who abused and still abuses a dominant position to channel through Windows their apps and cloud services, are now complaining that someone else has the upper hand on the on-line add market, yet the gauntlet has been thrown in the political arena in US, up to the point that

Microsoft exec will target Google's hold over news before Congress

, thus on a direct attempt to hurt his rival in the search add space.

It seems that all big tech have reached the point in which they need to grow into each other spaces an a times comes in which the future - dystopic maybe? - is going to be shaped for the street guy internet user.

Como la mayoria de los q hemos pasado por aqui algun tiempo, he visto tanto en mi perfil como en distintas partes del foro referencias al sistema de confianza o "trust". En principio entiendo q el trust se basa en haber cumplido compromisos con otros miembros del foro, sobre todo en terminos de devolver prestamos o cumplir con servicios. Veo ademas q hay autenticas batallas campales incluso entre miembros muy antiguos del foro, en las q se cruzan todo tipo de acusaciones.

Por otra parte, creo q Theymos hizo algunos cambios al sistema de confianza y cada cual puede elegir quien esta en su sistema de confianza, etc. 

Lo que quisiera es que en mi perfil hubiera algo de trust positivo, que fuera generalmente reconocido y, por supuesto, legitimamente obtenido. Lo que no quiero es meterme en ningun tipo de pelea en la seccion de reputacion porque no tengo tiempo ni ganas de dedicarme a la politica, ni de tratar con miembros q puedan tener fama de irascibles.

Algunas ideas?

Can 14-odd years be called history? Perhaps, but in any case it feel a bit like so due to the speed of the expansion of Cryptocurrencies. I felt like doing something to celebrate this non-birthday party, so there you go:




If you wonder what is that last picture, see here. The price is now different

I just read some playing advise regarding Texas- hold'em. The blog says that to stand a better chance to win you should bluff very little times and only go ahead with hands in which you have a good starting combination such as:

there are only five hands that are considered "premium."
AA
KK
QQ
AK (Suited)
JJ

If you follow this strategy, you would play very little hands, which may get a bit boring. However, the strategy can be extended to play more hands to the "top 15"

AA
KK
QQ
AK (suited)
JJ
1010
AQ (suited)
AJ (suited)
AK (off suit)
KQ (suited)
A10 (suited)
KJ (suited)
AQ (off suit)
99
JQ (suited)

Has anyone tried an strategy of limiting the hands? How didi it go?

A digital piece by Beeple is selling for 69M USD according to The Japan Times, The Verge and other, at Christie's.

This follows a trend of increased prices for NFTs that are becoming an alternative asset of choice for the wealthy willing to invest in art with all the advantages of blockchain technology (easy to transfer, authenticity without doubt, proof of ownership,..)

The record-smashing NFT sale comes after months of increasingly valuable auctions. In October, Winkelmann sold his first series of NFTs, with a pair going for $66,666.66 each. In December, he sold a series of works for $3.5 million total. And last month, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million.

Obra de arte digital q acaba de alcanzar un record de valor. No es un caso aislado, hay numerosas obras que estan multiplicando su valor x5 y x10 en pocos meses. Es una moda o esta para quedarse?



La verdad es que uno tiene q tener dinero de sobra para meterse a comprar unos activos q a dia de hoy aun no estan muy implantados.

Esta es una pregunta facilita y posiblemente podria googlearla pero quisiera q alguien q use este tipo de servicios en la practica me comente su experiencia. Por supuesto, prefiero servicios gratuitos ya q solo quiero controlar un maximo de 10 direcciones. Gracias maj@s.

Staking is an alternative to ear "interest" on you cryptos. Fixed Staking is similar to a fixed time cash deposit, you will get at the end the coins or tokens you staked plus the interests. You can stake from 15 days to 90 days. If you choose unblocked staking you will get full flexibility, although yields tend to be lower.

You can do that with around 50 different coins, see here for further information.

This is part of the new wave of "DeFi" that is becoming more popular, as PoS protocols and tokens are developed. Perhaps Ethereum dominance can be one day challenged by these, as it is moving too slowly.

Would you be willing to stake? Do you know that there are some technical risks?

En lo que respecta a vehiculos de inversion en si, en Reino Unido hay una gama interesante de opciones: desde lo que se llaman "ISAs" a lo clasicos "Trust". Las ISAs tienen distintas categorias pero tienen en comun q no se pagan las plusvalias.

Respecto a las ISAs Estamos hablando de una opcion q no tiene un minimo de inversion (si un maximo anual), asique no son instrumentos q solo puedan usar los ricos o requieran de conocimientos sofisticados. Existen ISAs q son imposiciones a plazo fijo con un pequeno interes y, las q me parecen mas interesantes, las de acciones y fondos.
Lo q ganes lo tienes limpio. Si, como lo oyes, si compras Microstrategy y sube un 100% no pagas un duro de impuestos ni ahora ni nunca.

Otro vehiculo de inversion son los Trust. Estos normalmente se crean para que un patrimonio familiar se emplee en beneficio de los miembros, pero q no puedan disponer directamente del principal ni este pueda pasar a manos de terceros (e.g. por divorcios, etc...).


Vamos que igualito q en Espana verdad?

(perdon por la "jortografia", tengo un teclado USA hoy)

Square es una empresa con capitalizacion bursatil de 108 Millardos. Oficialmente a anunciado q "bitcoin puede ser el futuro dinero en Internet" y que ha colocado el 5% de sus activos en bitcoin, lo q supone aproximadamene mas de7000 bitcoins (anteriormente contaba con 4300).

La noticia se une las de Microstrategy, Tesla y otras q estan tomando posiciones en bitcoin e impulsan el mercado y la confianza. Buenas noticias vaya.

[List, (source attribution= from BSC page with short descriptions - which ones are more promising?]

I have a small list of projects that are native here, but I would also like to know views and project that may be considering moving from into the BSC due to the price of ETH and other factors. I will have a further post with more projects.

This is the first bit of the list. As you can see, many projects are "yield farms", "decentralised finance" and "NFT" emission and management. It seems that being original is difficult?

List, (source attribution= from BSC page with short descriptions - which ones are more promising?


Billion Happiness
Develop NFT marketplace. To create, trade, or collect digital items secured with BSC blockchain.

ManySwap
Enables the user to swap tokens and to create a new liquidity pair.

DxSALE
Cross chain DAO token management platform to lower barrier to entry into the world of crypto!

JetFuel Finance
Innovation Yield Farm and Yield Optimizer protocol built on Binance Smart Chain.

Crudeoil Finance
Next generation decentralized deflationary farming platform... to power the DEFI economy

McBase Finance
Tied to the price of a Big Mac.

Echo Defi
Earn passively, while being in total control of their funds.


Delfy
All aspects of DeFi in one place.

BUX Token
Buy Crypto hassle-free. DEX

Treasureland
Multi-chain NFT issuance and trading platform, empowering users to mint NFTs within one click and conveniently buy, sell or auction NFTs.

DEGO Finance
DEGO is the LEGO of the decentralized world, building an ideal decentralized financial ecosystem through diverse combination of NFT + Defi.
NFT

KardiaChain
Hybrid Blockchain Solution for Enterprises and Government.

SafeMoon Protocol
Auto-generating liquidity protocol / Static farming by holding!


Farswap
rewards to lenders and borrowers on the platform.

Rigel Protocol
All your DeFi needs.

Value DeFi
 Decentralized Finance.Dex Aggregator.

Boring DAO
BoringDAO is a decentralized bridge that connects blockchain assets. AMM Cross-chain Connector

APOyield
With every transaction 2% of the SOULS gets condemned forever. Yet another 8% gets in the wallets of all remaining holders.


Swamp.finance
Swamp.Finance is an advanced yield optimizer

Octree Finance
Yield ecosystem running on the BSC

GrapeSwap
Swap | Pool | Staking | Farming | Lottery | NFT | DEX | Payment and much more


Sponge Finance
Sponge Finance is a financial eco-system.Yield Farm

Wault Finance
Wault Finance is a decentralized finance hub.

OREO DEFI
Oreo will be a public protocol that not only carries yelid farming value but is also crypto for your daily needs.

Koala DeFi
High yields BSC farm brought by the Koalas.

STAKD Finance
Powerful DeFi ecosystem all in one solution for everyone.

BEE BAND
 Yield FARM established on Binance Smart Chain

Cubiex eSports
Tokenized streaming platform for gaming enthusiasts.

GET Protocol
Ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.