Nigeria could be a prime example of how society can elevate living standards, create jobs and alleviate poverty by embracing bitcoin. New innovations and inventions like bitcoin which create value to civilization have typically open new doors. Given people more options, freedom and opportunities in life. The logical response is to hop on the bandwagon and see the rising tide of innovation lift all ships.

I predict states like florida which adopt bitcoin and crypto will flourish and prosper over the next few years. While nations and states that oppose bitcoin support will register a net opposite effect. But it is not a guaranteed prediction. Undoubtedly special interests could retaliate against florida and others the way they've tried to punish england for #brexit. And tried to crackdown upon other populist movements around the globe.

In past years, the US government spent tax revenues towards outsourcing american jobs to nations like china.


Not many follow the news closely enough to have an accurate idea of current events.

Which makes it difficult for any form of real change to occur in the world.

If I remember correctly, credit cards and other merchants withdrew support to pornhub. In retaliation for pornhub offering bitcoin support. Then pornhub was attacked by the media who claimed pornhub "supports" human trafficking and other nasty business.

It will be very very interesting to see if Elon Musk/tesla/spacex receives a similar treatment. The media has spent the past 3 years passive aggressively attacking Elon Musk/spacex/tesla after it was found that Elon Musk donated funds to the republican party.

....



This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.

I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.

Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.

Some say government exists to help and serve the people.

If those who say that, watched the news, they might sometimes notice governments killing jobs. Giving people fewer options and opportunities in life.



Former President of the united states, Ronald Reagan, summarized this observation many years ago.

In theory, governments work for the good of the people. In reality, governments more commonly work for special interests. Big corporations and the super rich. Which makes things difficult for the 99.9% of the population who do not fall under that income bracket.

Au contraire. I'll contend bitcoin has intrinsic value in the form of its supply limiting algorithm, construction and design.


The majority of electricity for bitcoin mining is derived from surplus energy. Which does not affect or strain existing grids.

The productivity of mining hardware increases over time due to moore's law. While the energy consumption of mining hardware decreases for identical reasons.


Correction: mining rewards reach zero.

Supply does not necessarily follow the trend.


If bitcoin's price is infinite.  BTC = ∞

There isn't a scenario where any of us complain about it.  

We simply build a dyson's sphere around the sun with a fraction of bitcoin's value.

ALTs most likely to be pumped appear to fall into two separate categories.

#1  ALTs with ties to JP Morgan, microsoft and big business. Ethereum and ripple are examples.

#2  ALTs where founders are uninvoled with development & do not have stockpiles of coins HODL'ed.  Dogecoin is the best example here.

The strategy for regulators and central banks appears to be a selective approach of them determining which coins are allowed to succeed or fail.

This is perhaps reflected by some exchanges delisting privacy coins like dash, zcash and monero.

Do we know if account closures are being enforced? China comes to mind as a nation notorious for making announcements of crypto bans without following through on them.

As an american, sometimes I look @ current events in nigeria and think: nigeria is the future of america. Many policies and decisions appear to first be tested in foreign nations before being brought to north america and the USA. For an example, the defunding of police was a hot issue in great britain around 2-3 years ago. London had 1 police officer for every 250,000 residents and politicians wanted to defund police further. 2-3 years later defunding police became a hot topic in the USA.

It looks to me, as if market pumps were coordinated and timed in advance with Elon Musk's social media moves.

I would be vaguely interested to know how much of a time lapse there was between Musk's actions and markets shifting in response.

If the response time was less than 5 minutes, it might have been as staged and scripted as WWE wrestling.

Which would be somewhat hilarious for regulated markets that are supposed to function mostly off of fundamental principles of supply & demand, etc.

There are FOREX questions.     Might you have better success posting this content on a forum frequented by those who specialize in this area?

At a glimpse, it appears you're searching for market mechanic based motives for current market conditions.

I think many of your questions can be answered by Donald Trump being removed from the Presidency and replaced by Joe Biden. The resulting impact the regime change has on economic, finance and geopolitical concerns.

I don't think 50 cent will ever compete in boxing or as an athlete. He's 45 years old, a little too late to get in the game.


Its been claimed a lack of interest is behind Floyd vs Logan Paul being postponed.

If there aren't enough fans willing to spend money to buy these pay per view events, they could eventually stop proposing them.

Looking at my notes from 7/19/2020.

Value today: $0.04041

Value today:  $4.2563

Value today:  $0.069

Value today:  $22.95

Value today:  $0.4305

Value today:  $1,707.09

Value today:  $2.12

Value today:  $2.47

....


Over the last 6 months many ALTs I thought about buying and holding increased in value. With the exception of KAVA.

Which appears to indicate there were, and perhaps still are, many opportunities in crypto not many are acknowledging or discussing atm.

Personally, I might avoid the more heavily traded and crazily fluctuating assets. And try to find ones that were more predictable and stable.

How would people feel if silicon valley in california died. And was replaced by miami florida.  

The only element they lack to create a solid tech business environment are capital gains tax cuts for bitcoin and crypto HODL'ers.

Florida already lacks state based income taxes and is a great low tax environment for starting and running a business. Those are definite advantages it has over california.

We could see interesting shifts over the next few years where florida's GDP cap skyrockets off its business friendly deregulation and low taxes. Coupled with malcontent over high taxes and overregulation in california.

Its hard to tackle this topic without straying into the realm of conspiracy theories and parodies.

I wonder if its fair to summarize it as the following.

In 100+ years of tall buildings being constructed with steel frames. How many topped as a result of fires?

In 100+ years of market trading. How many times were non one percenters able to coordinate and organize to topple markets?

When one discovers seeming outliers in places they were not known to previously exist. What does it mean.

(What do people think about this?)  

https://www.youtube.com/watch?v=HQ79Pt2GNJo


It helps to know experts and analysts warned about a real estate bubble in US markets as early as 2005 (see above). Roughly 3 years before the subprime mortgage crisis and global economic crisis of 2008. US treasury secretary (at that time) Henry Paulson said "no one could have predicted this disaster". Even though analysts and experts had predicted it for 3 years prior.

I guess that is one example of a real bubble. Which official institutions typically turn a blind eye to and refuse to acknowledge exists.

There may be similar bubbles today. But experts and analysts no longer discuss real bubbles as they did in eras past.

Discussion relating to bubbles now usually amount to no more than media hysteria, gaslighting and blind outrage.

99% of this planet's population fall into a poor to middle class income bracket.

If they were capable of organizing and coordinating, on any level, they would be the dominant force on this planet.

The fact that 99% of the human population can be oppressed by 1% minority.

Is a tribute to how unbelievably horrible people are when it comes to communicating, cooperating and organizing.

It helps to know the origin story of the "create money out of thin air" line.

In past decades, some fiat currencies were gold backed. Paper bills could be exchanged for gold.

Later some mints abandoned this practice. Critics accused mints of "creating money out of thin air". Printed paper money was no longer backed by gold, precious metals, oil reserves or anything of intrinsic value.

This is a criticism that has been made about the US dollar for decades, since it abandoned a gold standard in 1933.

That's the origins story of "creating money out of thin air".

Some now use it to criticize crypto. In many cases, it is a poor criticism. Due to tether and some crypto being better backed than most assets in the world.

....



Am I reading this wrong. 

It seems they're saying its illegal or immoral for Space X to not hire someone on the basis of them being an illegal immigrant.

Maybe someone is unhappy about Elon Musk's twitter posts. For whatever reason.

What am I supposed to think about this?

The term bubble is used by the media in the way that people scare children about bogeymen hiding under their beds or in closets. Its used to frighten, induce hysteria and influence public opinion.

If the powers that be want the price of something to decline, they call it a bubble. These remarks need not be true. Many will believe it. Many things which aren't bubbles, are called bubbles. While many real bubbles go unacknowledged and ignored.

Whether they add real value to economic growth is a long debated question. There have been many instances in recent history where the market caps of real estate and finance sectors have exploded. Some have pointed to this as indicators of real economic growth and value. While others have said they're indications of economic stagnation/contraction. Disguised by a mere expansion of balance sheets.

Today the quality and substance of the debate has declined even further. To a point where neither stance is commented on.

It should be easier than ever for automated trading apps to generate profits on exchanges charging zero commission on trades.

A bot that sells 1% higher and buys 1% lower 24/7 could in theory be profitable in sideways trading with consistent low volatility.

I'm surprised we don't see more "I gained 20% ROI trading with an automated bot in 1 month" stories.

I would guess if there are people making money with bots and algo trading in crypto, they don't talk about it much?