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Century Pacific ups the Coco Wars ante against Axelum (Wednesday, August 20)

Happy Wednesday, Barkada --

The PSE closed up 88 points to 6157 ▲1.44%.

Thank you verneornitier for pat on the back, and to StefanJanobski for being a reader since before the lockdown. Remember those days? Back when it was possible to consider a packed restaurant or bar to be "great atmosphere"? That's how long they've been a reader! That seems like forever ago.
Thanks also to Bien for the nice email, and to Mark for his approval of my puns. My puns! Compliments like that are going to make my hair wet... you know, because my head will get tubig.

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Masked Hero’ Calling to ‘Buy Bitcoin’ Amidst the Peaceful Protests and Riots in the US

Bitcoin is taking an active part in the riots across America.
People are protesting since last week over the death of George Floyd, a black man who died while pleading for air as a white Minneapolis officer jammed a knee into his neck.
One protestor in the Los Angeles neighborhood talked about opting out of the current scenario by moving into bitcoin. He said,
“WE LIVE IN A SYSTEM THAT WILL NOT ALLOW US TO THRIVE. […] MY MACRO SOLUTION FOR EVERYONE IS TO OPT OUT AND EXIT THE ECONOMY AS A WHOLE AND THE WAY WE DO THAT IS BY BUYING BITCOIN.”
“Who is this masked hero?” enquired Jesse Powell, founder and CEO of cryptocurrency exchange Kraken on Twitter.
The protests erupted only recently but it needs to be pointed out that in the first five months of 2020, things weren’t going well either. People were under lockdown due to the coronavirus pandemic that resulted in unemployment soaring to nearly 24% with jobless claims since mid-March at a staggering 40.8 million.
While people are struggling to fed their family and pay their rent and mortgages, US Federal Reserve printed money and stocks are flying.
THE DISCONNECT BETWEEN THE ECONOMY AND THE FINANCIAL MARKETS IS NOW THE GREATEST IT’S BEEN SINCE ANCIENT ROME.
This wasn’t the first incident of bitcoin being highlighted during the protests either.
Earlier this week, another protester in Dallas carried a sign saying “Bitcoin will save us,” much to the ire of the people both from inside and outside the crypto industry.
Another one has been in Raleigh, North Carolina, where the poster of the protester read “Bitcoin & Black America” referring to the book authored by Isaiah Jackson.

BITCOIN IS THE PEACEFUL PROTEST.

Crypto industry has also been sharing its solidarity to the cause with Ripple CEO Brad Garlinghouse supporting those “who are fighting to save Black lives,” although he “can’t ever fully understand the pain of our Black community that recent and past events have caused.”
Bitcoin has been a part of protests in other parts of the world as well. Last year, the pro-democracy movement in Hong Kong supported the adoption of the digital currency. Also, in countries like Venezuela, Argentina, Chile, and others, cryptocurrencies played a role.
Markets Rising amidst the Chaos
For the first time in about a month, this week the price of bitcoin also jumped above $10,000 amidst the raging protests, although we are back to $9,500.
But bitcoin isn’t the only one, while many cities are on fire in the US, the S&P 500 enjoyed its greatest 50-day rally in history while struggling with the coronavirus pandemic.
If history is any indication, these 37.7% returns would further expand in the days ahead.
THE #GEORGEFLOYDPROTESTS HAVE HAD ZERO AFFECT ON THE STOCK MARKET.
HERE’S A GRAPH OF THE DOW JONES INDEX SINCE #GEORGEFLYODMURDER. AS YOU CAN SEE, IT JUST KEEPS GOING UP.
THE POOR ARE IN PAIN, THE COUNTRY IS ON FIRE, BUT THE RICH KEEP GETTING RICHER. PIC.TWITTER.COM/TYDIY09PAS
— MATI GREENSPAN (TWEETS ARE NOT TRADING ADVICE) (@MATIGREENSPAN) JUNE 3, 2020
The reason behind this disconnection between the stock market and the economy is the trillions of dollars injected into the market by the Federal Reserve and government. Trader and economist Alex Kruger said,
“EUROPE SHARPLY REDUCING POLITICAL TAIL RISK, JAPAN FISCAL PACKAGE 40% OF GDP, CHINA FEARS OVERDONE AS TRUMP STEPS BACK, ECONOMIES REOPENING, US RIOTS THE MARKET HAS SPOKEN. HENCE WHY SO MUCH GREEN.”
But the widespread civil rest in the US could act as a headwind for stocks. Currently, bitcoin is trading at above $9,600 and is expected to hit $20,000 this year.
submitted by kealenz to GoldandBlack [link] [comments]

Getting a bit overwhelmed with the coronapocalypse.

First off, I'm sorry if this post is off-topic or inappropriate here, but I like the blog and enjoy lurking in this community.
I don't really want to start a conversation. At least, it's not my goal. Also, please know I'm not going to do anything rash. I just want to get these thoughts off my chest (more accurately, out of my head), and you guys here are the kind of people I'd want reading them. I don't need a response, or even an upvote. It's enough knowing someone will read it.
I'm not asking for help.
I'm not exactly sure what any of us, individually, can really do right now anyway. We aren't in control now, and that's sobering and terrifying.
If you want to help me, just try to influence things in your microcosm for good. Be kind and help your family, friends, and neighbors.
[Also, putting it out there ahead of time - feel free to look at my post history and decide that I'm not a good person. I'm fine with that, but know this is my troll/shitpost/inappropriate-use Reddit account. And it's my only Reddit account.]
I'm not a fan of social media. I like real people in the real world and avoid this sort of thing. Since that option been taken away, here I am.
That all being said, here is my rant:

This whole coronapocalypse/covidtastrophe/viriigeddon/end times is getting me down.

In "normal" times, I'd just drop some acid, and in the psychedelic state, I'd watch the news... see the squabbling of the US political parties (or any countries political parties), the other straight-up nonsense that passes as "news", shrieking hyperbolic hysterics, ridiculous posturing from talking heads, the stupid celebrities.... and I'd just laugh. The whole outside world would seem so disconnected with 'true reality' — all so 'alien' — and my only reasonable way to respond to it is with amusement and laughter. Such a great feeling, feeling being connected to something deeper.
At least, it was great, the news was always so ridiculous and FAKE, until now. Now it's serious, it's real, and there is no time for that kind of distraction.
Before I rant and ramble on, I need to say that I'm essentially the most grounded, most resilient, and most unfazed person out there, a goddamn rock no matter what supposed emergency is happening outside. A bit of a dick maybe, a bit of Floridaman, but not neurotic, and never one to panic.
I'm the stereotypical "prepper" dude, the macho asshole, proud redneck, and I've faced years of snide remarks, derision, maybe even simple eye rolling from my "liberal" "hippie" 'friends'. No offense to you guys.
I've got my "arsenal", the details of which I don't want to go public with. I've been training for our next civil war, like all the other paramilitary militia douchbags. I've got two years worth of MRE's in the pantry. I had my 250 rolls of toilet paper in the supply closet, from way before the current panic buying.
I've got my own private pharmacy (that that I regularly cycle expiring drugs out of) that practically meets the WHO definition of a functioning health system. I've got the majority of WHO Model List of Essential Medicines stocked, many acquired at great personal risk. Also, I don't know how to use a lot of it, but I've got surgical equipment, an external infusion pump, an oxygen generator, and even more stuff I'll probably never use.
I always joked that when the SHTF and it's TEOTWAWKI, the first thing I'd look to acquire would be a friendship with an actual doctor. The second would be a farmer friend - someone who doesn't kill off plants like I do.
Turns out that whole worldview was naive. None of my expected scenarios have come to fruition. I wasted my a lot of my time, and a decent amount of money.
So now, I'm just sad, and I'm scared.

I've been sick now - for a week.

I'm apparently one of 1,200 people still waiting for my test results (for more than four days now) after being roughly nose swabbed and throat scraped by a military medic. A very cute military medic girl, mind you, but still, a girl in a moonsuit, who seemed way more frightened than me.
I'm now under quarantine, at least through the 29th, regardless of what the test result turns out to be.
Turns out the test results won't even matter. COVID or no COVID, you get told to quarantine yourself, and call '911' if you stop breathing, informing them of your test status. It's like a bad joke.
We've got the National Guard deployed, literally right outside here. The military is building a field hospital at my local airport to handle "mass casualties". We've got 100 confirmed virus cases in my county alone and two days ago a poor man just died just a few miles east of me.

It's begun.

I'm not a young man, unlike most of you kids online today. Luckily though, I already work from home, for a startup, so there is not any change in routine work for me.
My biggest concern is for my elderly (and diabetic) mother. She is dependent on me for her care. I don't even know if I'm sick (Corona-sick, that is), and I sure don't want to get her sick. Hospitals here are on the verge of being overwhelmed. What if something happens? Even if I could get her to one, would it be any safer than treating her myself at home?
At this point, if the worst happens, it's looking like I'm going to have to bury her, by myself, in our backyard.
We can't even have a gathering of more than 10 people to have a proper funeral.
Oh, on top of all that, I'm apparently not getting a paycheck tomorrow. This is not the fault of anyone. I could hear my boss choking back tears. I'm going to keep working anyway, because what else can I do?
Now, with all this doom and gloom, I did what a lot of stressed out people with poor coping skills do: I called up my long-time reliable plug (drug dealer, for you normies), justifying my "final" relapse.
Of course, he doesn't have shit for me, but he is selling face masks. No deliveries either - he's shut up at home too. If I want his overpriced masks, he accepts Bitcoin now, and he'll push my purchase through his mail slot. I'd need to act fast, apparently, because he was taping plastic sheeting up over all the doors and windows. Seems the mail slot will soon be unavailable.
It's all like scenes from a bad movie outside.
I thought about going back to the Catholic Church, breaking down, confessing forty years of sins, but the Churches have all closed their doors. I waited too long, apparently. It's too late even for absolution.
My whole life has been peppered with threats of the apocalypse. We've been warned about the Reds and their atom bomb, then those commie's got the hydrogen bomb, and then we had Castro with his shitty little missiles - still tipped with nukes. I survived the Great Recycling of 1997 and the Hale-Bopp UFO. I think it was all supposed to end again, but in 1999. Then Y2K was it. Then 2012. Then killer asteroids - or are they actually meteors? Alien invaders maybe, with ray guns and particle beams. Jesus' Second Coming, the prophecies of Revelation. Maybe the Baptist's and Pentecostal's would get their Rapture? Or more likely Kurzweil and his Singularity - or should we call it Skynet? Perhaps genetic modifications gone wrong? Or some time travel mishap... paradoxes... a fatal causality trap. Supervolcano eruption: Yellowstone goes boom! Cobalt Thorium G doomsday devices. Global crop failures and subsequent mass starvation. Perhaps the boring Red v. Blue Civil War scenario I'd been running around in the woods "practicing" for?
Nope. All fucking bullshit.
Seems like we are all going to die looking out our windows, watching the sun shining, alone and quarantined, binge-watching the pandemic movie marathon on Netflix.
When I'm gone, my friendly neighbors will get to split up my stock of MRE's. I hope the nice old lady at the end of the block gets first dibs on my toilet paper stash.
This isn't the end times we were promised at all.
This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but with a whimper.
I just want everything to be OK.
submitted by bxheyx-wbevxbauwgxb- to slatestarcodex [link] [comments]

Bitcoin at the crossroads | Deloitte US | Financial Services

Bitcoin at the crossroads | Deloitte US | Financial Services submitted by blockstreet_ceo to Bitcoin [link] [comments]

Copied and pasted a long thread about the 2020s (part 2)

I have found a very interesting thread in a forum, I decided to copy and paste all the comments that the author of the post had made. The author posted this in 2019, the author also posted another in the past in 2018 about the same subject. But this will be about the 2019 post (part 2)
I won't be sharing the link to the website because I want to protect the identity of the users since it is a mental health forum. But here is the link to part 1: https://www.reddit.com/The2020s/comments/dzpb6l/copied_and_pasted_a_long_thread_about_the_2020s/
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Here we are! Today it is the year 2019, the near end of the 2010s.The 2010s was an interesting decade to say the least, internet use continued to spread like wildfire worldwide with more and more people becoming dependent on the internet. When I was a kid in the 2000s I felt like the odd one out because I was addicted to the desktop and I didn't know many other people who were addicted to computers, but today in the 2010s this seems like the new normal except now most people are carrying desktops in their own pockets (cellphones).
In the 2000s politics was very moderate and there was much less polarization, now polarization is pretty much a growing trend with many people sharing very strong political believes on the internet. The internet became a political tool and metaphorically a source of political fuel in the 2010s, everyone can now share their believes on the internet and inspire a new group of followers, something that the world didn't have or realized it had until the 2010s and we are still getting used to this.
In 2010 there were 6.9 billion people and 1.9 billion internet users, in 2019 there are about 7.8 billion people and about 4.5 billion internet users. Which means that internet use has increased by 237% while the world population has increased by at least 12%.By 2030 the world population is expected to reach 8.5 billion people and more than 7.5 billion people are expected to be internet users, that could very well be 90% of the worlds population. This means that the internet will truly begin to take over the world during the 2020s, it will continue to make big changes on how we will live and how we will communicate, it may become almost impossible to live in the western world without being online.
Climate change is a big issue, in 2010 the global average temperature was 0.62 Celsius above 20th century average, in 2018 it was 0.79 Celsius above 20th century average. The 2018 temperatures may not seem like much but everyone who is informed about the summer of 2018 will agree that it was a very hot year, so hot that record wildfires within the arctic circle happened.By 2030 we could potentially reach 1.5 degrees Celsius of warming since pre-industrial times, again the number does not seem much but the consequences are huge. Mudslides from melting soil will turn mountains in death zones, lower food harvests and nutritional value will increase risks of starvation, loss of fresh water will result in wars over water, the Maldives will be flooded as well as Bangladesh which will cause huge mass migrations, the ice will melt even faster which are increasing sea levels, you get the idea.In the 2020s global warming will become a much bigger problem, but there is no guarantee that enough will be done to cut emissions. Developing countries such as India want nothing more than to have the same quality of life as the western world does, not much can be done to dissuade India until the country suffers greatly from global warming and the potential for growth seems impossible. As long as developing countries believe that growth is possible they will contribute massively to global emissions just as soon as the developed world begin to cut their emissions, and worse yet developing countries often have very high populations which will contribute to global warming even more than it could have done.
In the 2020s there will be a new global superpower which would be decided by 2030, it is unlikely that America will remain the superpower due to its stagnant economy and the potential loss of trade partners in the near future. The most likely contenders for being the next global superpower is Russia and China, this struggle for power could potentially trigger a 2nd cold war. Global relations will change, there has been a growing loss of trust in the 2010s between nations and that trend will continue to escalate during the 2020s while new crises emerge.This loss of trust could result in balkanization in some parts of the world, particularly in ethnically diverse countries such as Papua New Guinea and Tanzania. Countries will begin to do their own thing and ignore international agreements as trust disintegrates, the Paris Agreement and the United Nations might be abandoned in the 2020s.To put it shortly, the world power will likely shift from Anglo-America to Asio-China/Russia, international co-operation and aid may regress into nationalistic autonomy, and from democracy to populism.
Technologically, most breakthroughs will be related to the huge spread of the internet in some way, in other words most technological advances will be adaptations to the way we live with the internet and learning the full capability and power of it. 5g will be adopted reluctantly due to health concerns, but it will be adopted anyway at some point in the 2020s quickly and this will cause even more dramatic changes within our society. If you think our world has changed drastically so far just wait until 5g comes! By 2030 we could have fridges that are connected to the internet, many other inanimate objects would also be connected to the internet and whatever information is processed will be used to benefit companies as well as sniffing out bad behavior. Because of 5g, the 2020s may be the last decade when privacy is possible in society.
Lastly, I am going to talk about generations and their role in the 2020s. Pretty much all Baby Boomers are going to retire in this decade to have their previous role as leaders replaced by Gen X, Gen Y will all be adults and will be trying to make big changes in the world, Gen Z will begin to grow into adults, there will be a new generation in the 2020s (generation beta).
What do you think will happen in the 2020s? Very keen to read your thoughts about this topic!Have a good day.
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reply to user: Honestly I will never be able to answer with confidence about Brexit! I think many people in the parliament don't seem to know what to do, I think most likely Brexit will be on hold until the EU itself fails. Today the EU is already struggling to survive.How will the EU fail? When its financial situation gives European nations the incentive to leave so they can grow their economies by themselves without restrictions, the Syrian refugee crisis (5 million people) destabilized the EU to its core and it was the refugee crisis that started Brexit in the first place.Imagine what would happen to global politics if 20 million migrants went into Europe, it would certainly change a lot of things.
reply to user:Religion could make a comeback in the 2020s, particularly in a scenario where climate change pushes people to turn to religion for comfort. Islam is on a sharp rise due to the fact that they have a lot of children, it will also become the biggest religion in the world in the near future, at that point most people on Earth will be Muslim.I think ISIS largely happened because of food shortages in Syria which resulted in civil war, if a similar thing happened in another vulnerable Muslim country then you can expect another wave of suicidal radicals wrecking havoc and forming another radical group.I have once predicted a similar uprising in North Africa resulting in a mass Christian migration into Europe, the number of Christian migrants could exceed 20 million.
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reply to user: Yeah the idea of the European Union has been a flawed and overly ambitious project right from the start, Europe is quite a divided continent with many countries having a strong sense of identity, trying to make Europe into one country will inevitably backfire. Without much doubt the EU will collapse, however it will live on under a different name by one or a few countries that still cling onto the vision.After EU falls there is a chance that a few more so-called unions may form, these unions may be alliances that share the same political views which could result in a polarization.Germany had a good shot at attempting to rule Europe again though, we tried it and probably won't do it again for a while.
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reply to user: Funny enough I have just very recently found out that the UK is going to have another general election, so far at the moment it looks like Labour is doing well with public approval, it is a likely possibility that Jeremy Corbyn may become the next prime minister.If Jeremy Corbyn becomes the next prime minister that would mean that Brexit will be cancelled, this could cause major polarization and unrest if there are still people who really want Brexit. Who knows what would happen if the majority of pro-Brexiteers protest in the streets because they didn't get what was promised to them? A British revolution is another real possibility.
reply to user:Predicting elections will always be difficult for me because of how uncertain and at times random they all are, who would of thought that Trump would win in 2016? Would Trump win again in 2020? I mean it sounds crazy but if it happened in 2016 then it can certainly happen again in 2020. Although I do think that Trump has less of a chance of winning in 2020.A good thing to take note of is when Trump withdrew from the Paris Agreement much of America didn't follow suite, there are many American companies who still follow the Paris Agreement guidelines because they don't agree with Trump, there are many Americans who have not been implementing Trumps policies.Elections can never be predicted with 100% confidence, but Trump is more likely to lose in 2020 than 2016.
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Thank you all for your replies, they have been smart and intuitive contributions. :-D
Last night I just began researching about the 1920s out of interest (I think I might have mentioned the 1920s in the old 2020s thread). I have just started learning about the 1920s so there is a lot that I don't know about it but there are a few themes that resonates with today trends, which I will mention below.And because I am not well informed about the 1920s the below information would be hypothetical and open to speculation.
The 1920s was an economically prosperous time for the Western World, but the economic prosperity abruptly ended with the Stock Market Crash in 1929 and resulted in the Great Depression in the 1930s. A very similar situation is happening today but is happening much slower and at the moment is less severe, the Stock Market Crash in 2007-2008 resulted in an economic crawl that is still persisting to this day. I have a feeling however that the full effect of the 2007-2008 economic crisis is yet to be felt in full force.
Political movements such as Socialism and Fascism were on the rise in the 1920s-1930s partly because of the economic situation, those parties believed that capitalism is out of control and needs intervention to prevent the degeneration of society. The term supercapitalism was created by Fascists, it pretty much means a degenerated form of capitalism that is doing more harm than good to society.
The blame of the 1929 Stock Market Crash was placed on Capitalism by both Socialists and Fascists, anti-capitalism exploded in the 1930s which resulted in far-left/far-right nations fighting one another by the end of that decade.
Lets say that the next Great Depression is to start in the early 2020s, we already have a lot of young people who have a favorable view on Socialism, on some level there are many people who are blaming Capitalism for the economic crisis. Nations have already been polarizing in the 2010s, so what would happen if we enter the next Great Depression and then a massive surge of Socialism/Fascism happens straight after? The world would be in a very similar situation as the world in pre-WWII.
If the 2020s Great Depression happens then Capitalism in the Western World could end, the more young people has power over America the more likely that the nation will transition into a Socialist state. Kinda ironic because in the 20th century Anglo-America fought against Socialist Russia and in the end capitalism unexpectantly won as the leading world policy, but in the 2020s Russia may abandon their socialist past and turn to capitalism as they take advantage of the new resources revealed by global warming, just as Anglo-America turns Socialist Asio-Russia will turn Capitalist (I'm not sure about China, but I'm pretty sure that India is taking the capitalist route too).
The Arctic will melt a lot during the 2020s, Russia may likely claim most of the new oil reserves which will cause worldwide tension as oil will be running out, America will be stuck with the last remaining reserves of oil in Alaska and Canada which may result in poor relations between Canada and America, eventually China may have most of the oil reserves in the Middle East because I believe that the Middle East will turn to China for economic interests as America begins to lose its grip on the region.
Nothing is forever, everything changes.To those who fear for the future of America I just want to say this, even if America loses influence on the world America will still cling onto their core values in their own home and I can't see America giving up on the American dream, I think that the American dream is redefined by each of its passing generations.
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This is probably the last comment I will post in this thread so I'll be sure to write out anything else I can predict or think about the 2020s, again I may be repeating things but at this point its hard to avoid because I posted quite alot about the 2020s at this point.
I definitely agree with :user: that if WW3 were to happen in the 2020s it would be similar to how WW1 started, everything was fine then suddenly everything wasn't and the world fell into further chaos resulting in a world war.
Currently I believe that the 2020s will start off with a cautious optimism, the decade where Gen X and Gen Y fully realises that the world is in their hands and they will bring about changes. If I could name a main theme of the end of the 2010s I would say 'youth in protest'. A growing number of young people believe that civilization won't be there when they grow up, they see no point in taking part in a society that they believe will inevitably fail due to climate change.
In the 2020s the 'youth in protest' will grow to such a degree that societal values of the 20th century will be rendered obsolete. But where does the cautious optimism comes in? I believe the optimism is the result of hope of a better future as the youth wields more power to make changes. We will likely see a big wave of new famous Gen Z's and who knows what they could contribute to this world?
Today(Nov,2019) we can all sense that things are changing but what if the changes of the 2010s are volcanic rumbles compared to the eruption of the 2020s? The 2020s will likely be a social and societal fragmentation, the crossroads of a post-consumerist world. Baby Boomers are largely responsible for the world we live in today, very soon Baby Boomers will lose their power over the world and that power will be passed onto the younger generations who have different values. Most Baby Boomers favor capitalism, a growing number of younger generations favor socialism.
Conspiracy theories are a growing trend, due to the upheaval of technology it has become easier to believe in conspiracy theories because what was crazy 10 years ago seems feasible today. I think if everyone starts to believe in conspiracy theories then a lack of trust would become so hard to overcome that the government would have no choice but to allow a degree of autonomy. Allowing autonomy would cause more and more lands to demand independence, most of them will be city states like Hong Kong or Singapore.
I can't think of anything else, going to conclude it here.The 2020s would either be the beginning of a new era or a long-winded dying of the present post-consumerist era. The Baby Boomers will recline on their chairs and leave the whole world to Gen X and Y, Gen Z will become adults. I haven't mentioned robots but they will begin to take some of our jobs, which can possibly trigger a neo-luddite movement. WW3 hopefully won't happen, a 2nd Cold War is more likely to happen though. Hopefully there won't be an epidemic like the Spanish flu, in this case it will most likely evolve from a strain of bird flu. Climate change will trigger protests and changes, some fear that its already too late to stop global warming.
Thank you for reading, lets make the 2020s as good of a decade as possible.
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reply to user: Yeah I've been getting a growing sense that a British Civil War might happen, last year I could not see a civil war happening but now it seems like a real possibility, today it is easy to figure out why it would happen. I bet not many people in the 17th century civil war wanted it to happen and didn't think that it would happen but you can learn what ended up happening, Charles I got beheaded and maybe Boris Johnson might meet a similar fate.Not a certainty, I can never be certain but its something worth worrying and preparing for.
In the 2020s, I think the U.A.E is a possible candidate for a world power and I can see them cutting deals from America and making deals with China instead 'The enemy of my enemy is my friend.'. Imagine if America-UK runs out of energy and oil resources, in this scenario it is likely that U.A.E+China+Russia will own all the remaining deposits by then and we may have no choice but to give up a degree of independence in exchange for some of their oil and energy.Another scenario is the race for the last of the remaining resources that our society still largely depends on, the nation that has the most resources will have the most power and nations that lack those resources will form alliances with them for resources in return.We may possibly see the first super-corporations being established, a very large and powerful corporation that may be the true power behind everything and maybe even more powerful than political figureheads.Those super-corporations may become independent nations that have their own goals and projects, mostly they involve technologies for either saving our eco-systems or to control us.
I have once thought about the year 2075, I imagined a huge city (at that time many countries collapsed, civilization largely being left with city-states ran by trillionaires) the city uses mind control technology to maintain order, the A.I is used to help the elites figure out the next best course of action, human clones are used for labor and war, everyone is constantly being watched due to surveillance that will be almost everywhere.The 2020s will be the start of the new world that future generations will recognized as the true 21st century, 2000-2030 will be seen as a transitional period.
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We are only 2 days away from the 2020s, I am going to post about the decade predictions to avoid the regret of not posting it before the 2010s ends. I will have a bit of closure about my 2020s threads now that I'm doing this for the last time, I might be a bit risky and do my best to make a scenario story for fun even though about half of it will be inaccurate haha, since accurately predicting the future is like trying to fly without wings.
But still, some of the predictions I have thought about have already come true even before the 2020s has started, which makes it clear that the world is changing faster than we thought and will continue to increase the throttle. There is already some tension between America and China over trade, at the moment as I write this they have agreed to a truce after a trade war that not many knew about but there is tension and might escalate in the near future, if America attacks another nation again then half of the world will turn against America and will cut all trade-ties with it which would cause America to descend into chaos. In short, America could get sanctioned but other nations will be at risk of being sanctioned if they commit any future acts of aggression.
There would likely be more riots and terrorism, there will likely be a much worse refugee crisis caused both by climate change and acts of aggression by ISIS or a nation. There could be more online communities that provide a source of humanitarian relief and charity, some online communities will run on bitcoin(or other forms of cryptocurrency) so that they can afford more resources to help people with.I have once predicted that there will be a mass migration of Christians from North Africa due to Islamic radicalism, well as of 2019 there already are Christians in Nigeria (North Africa!) being beheaded by ISIS so a mass migration from North Africa is very possible, in fact the whole Arab Spring and its neighbors could produce masses of migrants due to the continuous descent into chaos.
Out of all the Muslim nations Turkey-Saudi Arabia-Iran-U.A.E appear to be the most stable while others are highly vulnerable, I have a good feeling about U.A.E solely because it has many long-term goals to ensure economic security so I can see them having a good influence on Iran and Saudi Arabia, U.A.E will likely make trade deals with China and China could offer U.A.E military protection thus protecting the U.A.E from Saudi Arabia and Iran since the risk of a war going on in the Persian Gulf is high.Dubai will become a more important city and will become a cultural as well as scientific center, much of its workforce would likely be desperate people from South Asia looking for work.
If a new superpower enters world-stage then the West could face sanctions for acts of war against the Arab Spring, especially if the new power is disapproving towards the West, if the West is sanctioned then it will enter a long-term economic depression and could be forced to house refugees.Populism will spread as more people feel like they are living through a crisis, populist candidates appeal to people by presenting themselves as the solution to their crisis. Populism has been on the rise in the 2010s and many people believe that most populist movements have been right-wing, the most common theme of 2010s-populism are anti-immigration and America/Britain first, those populist movements have resulted in Brexit and Donald Trumps presidency.If populism continues to spread in the 2020s then we will see more and more nations implementing anti-emigration policies and we will see them turn away from globalization as they retreat into the concerns of their own nation. The European Union will decay due to countries leaving, the United Nations too will decay as countries start to defy and leave so they can do their own thing, globalization is at a big risk in the 2020s.
Largely due to technology more and more people will begin to lose their jobs, and more people will lose their homes to man-made disasters. Self-driving cars will begin to render Uber Drivers and Taxi drivers obsolete, mass-production is becoming more automatic so more people who work in mass-production will lose their jobs, self-checkout machines in shops will continue to slowly render retailers obsolete. Newspapers are dead, and soon TV will be.Nations will be able to provide more resources with robots but there will be less consumers since not many people would be able to afford to buy many things, this would cause a worldwide economic crisis and we are overdue for a 1920s-style economic crash.What will the government do with all those homeless and unemployed people? Universal income will be the most likely solution but it is highly unlikely that many people would live comfortably since they will have to work very hard to survive and you'd have to be very lucky to get a job, in turn people will begin to reject the government and the system, some (hopefully many) people could turn to online communities to support one another and due to the failing economy will turn to cryptocurrency which they use to support themselves.
The Sagrada Familia will finally be complete, I think it would be nice to make the wonder of Sagrada Familia the icon of the 2020s. Other projects will be completed as well such as The London Super Sewer, The Giant Magellan Telescope, The Square Kilometer Array radio telescope, a few big bridges (and a tunnel for boats in Norway) and a few new railways here and there. There will be at least a few major space achievements thanks to Elon Musk and some privatized science projects will offer few more major breakthroughs in science, the first manned mission to Mars is scheduled in the 2020s but its chance for success is low due to the many risks and dangers, space junk will become a much bigger problem and will need to be cleaned up before we will never be able to leave the Earth. The mission to Mars would likely be re-scheduled or postponed.
3D printing is expected to enter mainstream which in itself will change many things, 3D printing could even render some shops obsolete because you could print whatever stuff you want at home instead of going to a shop looking for what you want, a creator sub-culture may develop from 3D printing enthusiasts.Vertical farms are expected to be erected for the first time in cities, this trend will grow because agriculture is also expected to fail in the long-run so there is a lot of funding put into vertical farming because vertical farming could replace conventional field farming, in the 2020s however vertical farms will only generate a very small percentage of food and its produce would not be sold in mainstream shops for a while.Lab grown meat will be a new growing trend in the 2020s, but its adoption will be slow due to skepticism and lack of popularity.
Will there be wars? Likely more than the 2010s.Because not much has been resolved at 2019 we can expect things to grow more tense, especially since we are all facing an impending global warming crisis and a decline of globalization. Russia and China will become more dominant and influential throughout the world, developing countries will bear the brunt of climate change while the developed countries are increasingly destabilized by the flocks of refugees flooding in, developing countries could be reduced into war-zones like Syria in the 2010s.The trade-wars between America and China could involve other world powers and it could escalate into the 2nd Cold War, with a Cold War there is always the chance of a 3rd World War looming.The west will decay as the western economy worsens, Russia and China would exploit whatever resource they can get with their new influence in a decaying world but their economic growth will be fragile too.China is threatened by the loss of fresh water once the Himalayan ice melts, much of Chinese agriculture is threatened by floods, when the Chinese eco-system fails then you can expect them to attack their neighbours or best-case scenario demand resources from their allies.Russia is threatened by the same thing that will give them economic prosperity, global warming, when the ice melts the methane would doom us all and will also release long-forgotten epidemics into our world, Russia will face a huge refugee crisis coming from the south due to water shortages so you can expect Russia to heavily enforce their borders.European politics will change drastically due to responses from refugees, if Europe refuses most refugees then it is possible that armies of angry refugees could invade Europe in the future.Africa is gaining so much but that growth will not be expected to last due to climate change, water wars reduce some areas into anarchy like Libya in the 2010s, Nigeria-Ethiopia-South Africa would likely be the most prosperous countries of the continent, the African countries that are developing would likely begin to adopt the same lifestyle as the West is living like eating fast food and being online all day long.
I do not know much about South America but some parts appear to be on a verge of political change and turmoil, I do believe that they are at risk for water shortages due to melting ice in the Andes, I can't see them stopping the destruction of the Amazon so that will be ongoing. South America will grow economically but like the rest of the world it will be a highly vulnerable growth.Australia will continue to be burnt alive by wildfires, we should start seeing more and more Australians moving to colder areas such as Tasmania New Zealand and Britain. Indonesia will continue to destroy their rain-forests to make money out of palm oil, don't know what their political situation would be though but would most likely go down the capitalist path.
All in all the 2020s will be a time of disruption, the pace of life will get faster and faster, fake news and deep fakes will spread, misinformation will be rife, as the internet spreads and becomes more disruptive more restrictions will be put on the internet, because we are growing more dependent on technology cyber-attacks or power-cuts could bring us back to the late 20th century, people will grow more scared and desperate and may turn to drastic courses of action if said course of action is the only solution.We are at risk of antibiotic-resistant bacteria and bird flu, obesity and depression will become a bigger burden than it already is, transgender people will be the new normal as people are now coming out as transhuman, in some parts of cities driving a car could be banned because of driverless cars replacing transportation in some city centers, cars are switching to hybrid/electricity as electric car plugs appear in many built-up areas, more and more people have had their DNA stored into a database and I can't say for sure how this data will be used.
Online communities give me hope, and I hope that online communities become so rich with cryptocurrency and popular that when the decaying society that thrived in the 20th century fails we got the new online society to fall back onto and rebuild a new society from scratch instead of trying to rebuilt a society that failed us.
I wish us all the best of luck.
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reply to user: I think you are definitely right about 2020 Britain being pretty much the same as 2019 Britain except that it could get worse especially since the NHS is in the process of being privatized which sucks for me too because I am a Type 1 Diabetic, I am inclined to think that Boris Johnson will resign in the near future just to be replaced by another equally unqualified/unpopular Tory.
I am going to be a bit controversial and biased but I want to blame Democracy for the situation that Britain is in right now and I want to explain why I am skeptical towards Democracy.So the idea of Democracy is to get the public to choose who becomes the leader and its down to the public to make that important choice, but many people do not want to run the country and many people do not know what is best for their country.In a Democratic society the best way to win a vote is to promise the public everything and appeal to them, you don't have to be good at politics to win and you don't have to tell people of your true intentions all you have to do is lie and be charismatic. Politicians probably hire professional psychologists to trick people into voting for them because they know how to trick the system to get them into the position that they both don't deserve or are qualified for.
Its no wonder why Politicians are losing their efficiency, they do it as a job because many politicians do not need to be good at running a country to become the leader and like I said they just need to know what the people want to hear and to put on a charismatic face.I believe that running the country should be reserved for those who want to run the country and have the countries best interest at heart, it should be reserved for professionals who know what they are doing and have had years of training as well as experience.
In a Democracy if you get two candidates, one is a businessman who is very charismatic but only knows about business, the other one is a ex-Sergeant who has had 20 years of experience in the administrative field but he is not as charismatic. Even though the Businessman is less qualified he will win because he is charismatic and knows how to trick people into voting for him instead of the professional, repeat this process and you'll end up with a very ineffective government or circus full of charismatic millionaires who trick and lie to the public to maintain their lofty position in society.
And that is probably how Britain ended up with the government it has, people have been lied to and people don't know who is best for their country so we end up voting for the wrong people or get tricked into believing that Democracy is the best form of government.Sadly Democracy will put Britain(as well as other nations) at risk of a power hungry Populist who will present him/herself as against the present government and will use his/her charisma to appeal to us to make us believe that the Populist is the solution to all of our problems caused by the government, but once the Populist gets elected s/he will show his/her true colors and the public will soon regret their vote.This process will keep repeating itself while we have Democracy, I believe that its not working and maybe we are better off leaving our politics to the professionals elected by professionals.
I also want to thank you for all the replies you posted on my 2020s posts, they have helped keeping the 2020s posts alive. Again, thank you.
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reply to user: Not only that but many people are also misinformed because Democratic candidates lie and be all fake to get votes and on top that they also spread rumors about other candidates or pretty much anything so that they'll get more votes, its bad because not only many people already don't know what is best for their country but they will find it very difficult to know for sure what will be best because of all the lies and misinformation.
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reply to user: Its scary that some people out there actually believe that Jeremy Corbyn is anti-semetic, its such a ridiculous and desperate accusation just to make Jeremy Corbyn look bad and lose. And its scary because if people actually believe those bogus anti-Semetic accusations then it just shows how much the media controls us all.Donald Trump is indeed right about journalists and fake news being an issue, but I think the reason why journalism is such a joke in America is because it is privatized and they are becoming desperate so that they can survive kinda like 'IT' from the Steven King novel.Capitalism and privatization can corrupt journalism because capitalism makes journalism more about money and getting attention so it degenerates into what it currently is, but Donald Trump is very capitalist, which could mean that Donald Trump is a cause of journalism gone wrong and he is getting backlash from the world he helped to create whether he knows it or not.
Journalism does need to be regulated, especially now we are becoming fully aware of how powerful mass media can be. I could be blaming capitalism because of mass media and it could turn out that capitalism isn't to blame after all, but I still believe that its probably best for journalism to just focus on entertainment and to leave actual news to a more professional environment where the professionals highly focus on telling the people about unbiased truths.
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submitted by 1capteinMARMELAD to The2020s [link] [comments]

From $10367 to $9500, we are always looking for reasons for Bitcoin’s ups and downs

In the early hours of June 2nd, Beijing time, Bitcoin jumped up, the amplitude reached 8.69%, and once reached 10367.3 US dollars. The market enthusiasm was instantly ignited.
There are countless transactions in the spot market, almost changing this week’s “dead”, Coinbase “under normal circumstances” under the siege of investors.
After the air force exploded, many military explosions
Compared with the spot market, the contract market, as always, has disappeared in the smoke. As of press time, the long position was 371 million US dollars, and the short position was 354 million US dollars. Both of them opened at 55. This morning, the short position was 344 million US dollars, accounting for 97% of the total.
This shows that during the rise of bitcoin, many investors believe that bitcoin will continue to rise, and more open orders than open orders. However, the ideal is very full, the reality is too skinny, one day’s ups and downs, bitcoin did not rise and fall, and neither the army nor the air force won.
Who really won?
Is it the downtime Coinbase, or the promoters behind it?

https://preview.redd.it/ytckzz4qo0351.png?width=468&format=png&auto=webp&s=dcb540286d7dce220b3c884a51f0ee52bfa54786
This morning, Bitcoin rushed to 10,000 US dollars, and countless big V, analysts, and experienced experts jumped out to guide the operation and explain the reason for the rise of Bitcoin. Most analysts spoke, optimistic about Bitcoin, thinking that Bitcoin will not fall again if it breaks 10,000 US dollars, and 10,000 US dollars is the new fulcrum.
Is this really the case?
Various excuses for ups and downs In combination with reality, many people believe that the protests and marches in the United States have caused Bitcoin and gold to rise rapidly.
This reminds me of two very similar incidents, the US-Iran conflict (US sanctions against Iran, Iran’s military defense), and the oil price crisis (OPEC, Russia, and US tripartite game). These two incidents are sudden and accidental. One can anticipate how the situation will develop. Bitcoin and gold are instigating a sharp rise and a rapid decline, and finally the situation is contained.
American parade, British parade, New Zealand parade, Japanese parade, Australian parade… In the end, parades erupt in the world. Parade return to parade does not necessarily affect the circulation of stock markets, funds, and currency markets. The operation of capital markets does not rely on these pushes.

https://preview.redd.it/tud7yr8to0351.jpg?width=528&format=pjpg&auto=webp&s=81fffc8d4cf546b57f5936605d47a21a3f1ebc15
New York is the world’s four largest financial centers, and US stocks have maintained an upward trend in 7 consecutive days of demonstrations and continuous epidemics, indicating that capitalists’ hearts are much stronger than ours, and the global epidemic cannot stop US stocks, not to mention a parade (the United States has almost Every year there was a march due to black prejudice, but their situation has not changed so far).
The so-called “American President Donald Trump mobilizes local police and National Guard to disperse protesters”, “American police still violently enforce laws to disperse protesters”, “guns and helicopters continue to be near the White House” As a reason for Bitcoin’s rise.
The parade took place as early as 7 days ago, why is Bitcoin rising now? Why did bitcoin fall back to its original appearance within a day, did the parade end? Is the epidemic over? No, not at all. There are two reasons for the rise of Bitcoin. One is that the market needs a message to inspire, everyone is the promoter; second, the promoters are responsible for pushing.
Bitcoin day trip, who won? The retail investors won, and did not. Those who bought bitcoin were either locked or cut; the contract won and the shorts exploded and the longs exploded.
However, the winner has gone far, leaving us to discuss, what impact will bitcoin have today?
submitted by 41caijing to u/41caijing [link] [comments]

Rebellion is all about timing. Now is the perfect moment for XR to launch a #DebtStrikeForClimate.

The Internet is erupting with gallows humor as the stock market crumbles. The Doomer generation is at long last beginning to vent their righteous anger against the planet-eating Boomers. This is the perfect opportunity for XR to up the ante and call a #DebtStrikeForClimate.
I opened my phone and saw my 401k down 10%, bitcoin down 7%, texts saying I need to move out, 3 voicemails from debt collectors, negative bank account balance, and 0 matches on tinder.
Might throw my phone in the trash and cut up my credit cards.
Exploit this kind of sentiment! XR should loudly legitimize people defaulting on their debts. There will never be a better time to force a reduction of GHG than hitting the financial system when it's down. Strike now!
Jefferson called auspicious moments like this "precious occasions”:
Thus, although Marx and Engels hold that revolution cannot be “made” thanks to human will and action alone, it cannot become manifest without human will and action. With respect to the problem of the revolutionary subject, a similar interplay between history’s inaccessible movement and self-determined human agency is described by theorists concerned with the kairos, that is, the right moment or timing for radical change. Rousseau, for instance, argues that specific historical constellations (“crises”) are necessary for humans (here, a people) to successfully initiate revolutions (compare Rousseau, 2012 [1762]).
To paraphrase Paul Valéry: “The wind is rising! . . . We must try to live (by rebelling)!”
As the hourglass symbol reminds us, it's time.
You will regret it later if all you did at this critical juncture was get your tits out on Waterloo Bridge.
submitted by LordHughRAdumbass to xrmed [link] [comments]

There is no such thing as real magic

I'm an amateur magician. I've performed at children's parties and done some touring. I wouldn't class myself as an expert, but I am in the magic circle. I love to see professional magicians perform, there is nothing better than when you see a trick and you have no idea how it was done.
I read a forum post a month ago that had a link to a YouTube video, 10 times magic went wrong. I checked it out, and as you can imagine, the contents were quite horrific. Two of the clips were of the Nail Under the Cups trick. If you are from England, you may have seen Derren Brown performing this. It's a good one, if the magician is qualified. If they aren't, then you end up being at positions seven and three of this video.
A magician mixes up some cups, under one is a piece of wood with a nail pointed up. The others are weighted, so they all feel the same. The magician puts on a blindfold and gets their volunteer to guide them over the top of the cups. The magician then pushes the volunteer's hand down, crushing the cup. It's usually when there are two left that this trick goes wrong. And when it does it's very bloody.
The clip in question though, is of a man sawing a woman in half. We've all seen this. But in this grainy footage, the woman screams, the box is brought apart, blood drips from the opening and the legs of the woman slip out. The bloody bottom half slams on the floor with a thunk, the legs spasm, then stop. The curtains are hastily brought across and the show ends.
There are comments after the video, people calling bullshit, until someone posted the full trick in question. At the end of this video, the woman can be seen on stage, whole again, nothing wrong with her at all.
People argue with each other that the woman must have been in the upper box and the lower box contained some prosthetics. The thread ends with someone saying that they swear it's real, they've seen it in person.
I commented saying, "I'm skeptical, magic is illusion, no one gets sawn in half; incredible footage though."
The next day, I get a direct message from someone with the handle Tricked4Life.
Hey Baz1987, the man from that video is performing next month. He's called The Russian, it's invite only. I can arrange tickets if you like?
I replied, Totally, I'd be up for that, please!
While waiting to hear back, I went to watch the video again. The link didn't work, a message came up saying it had been taken down due to copyright infringement. I tried the top 10 one too, that was also gone, just a 404 page.
It was a Saturday, so I was already on the whiskey and watching Netflix. I think I was binge watching Breaking Bad for the third or forth time.
Tricked4Life replied with a link. I browsed to the site. It looked like something from 1997. There was a still from the video and a form below. Slightly drunk, I filled out the details and continued to the payment form. I had to pay in BitCoin, what the fuck was that?
I messaged Tricked4Life, "I don't know what BitCoin is."
"PayPal me the money and I can buy it for you."
"How do I know this isn't a scam?"
"You don't, but as a magician, you should see through a trick a mile off ;)"
It sounded like he was baiting me.
"How much?"
"£540."
"Christ, that's heavy."
"It's worth it though."
"Have you seen him before?"
"No, this will be my first time. I know some people who are going. They said he's incredible. You have to see it for yourself."
I left the computer and continued watching TV, though I couldn't concentrate. I really wanted to know how the trick was done. I drank more whiskey and got more drunk.
I woke in the early hours. Confused, I took in my surroundings and realised I fell asleep in front of the television again. My head pounded, so I went to the kitchen and drank some orange juice, before throwing the best hangover cure, bacon, into the frying pan.
As the meat sizzled, I checked my phone. I had an email with the subject, Ticket Confirmation. My heart sank. I opened it up to see a confirmation number and an address... in the Ukraine.
I'd bought things while I was drunk before, but not a ticket to a magic show in Eastern Europe. Not only was I out £540, I'd need to book plane tickets and a hotel.
I gazed at the whiskey bottle, to see it almost empty, not even as much as a shot left. I felt embarrassed.
I logged into the forum and read the messages I had sent.
Fuck it! was the first. The second my details and a third saying I'd PayPalled the money over, with a reply saying to buy a Tuxedo if I didn't have one.
I won't bore you with the details of how I had to beg my manager to give me the time off at last minute, suffice to say I had to agree to perform at his daughter's birthday. I was surprised and relieved with how cheap plane fare was to the Ukraine. That was the only ray of light I had in this stupid ordeal. I rented a Tux from a local business and I was ready to go.
The flight was bumpy. We flew through a thunderstorm and for the first time in my life, saw the lighting hit the tip of the plane. People startled and children cried. I was nervous myself. It wasn't long after the Russians shot down a passenger jet over the Ukraine. I was very happy when we landed.
I sat in silence in the taxi to the hotel. When I got out, I saw it was a dump. I asked the driver to wait, he nodded. I had no idea if he understood me or not. Three stars was supposed to be the rating, but it looked more like an abandoned office building than a hotel.
I checked in and changed. I was glad I was only staying for the night. My rushed plans meant I didn't have more than a few hours until the show started.
Thankfully the taxi was still outside when I returned. I handed him the printout of the address and we drove off into the night.
It was an odd city, nothing like the London that I'd known all my life. It was as if it wasn't planned, that it just sprawled in every direction when the need for more buildings were required. We stopped at the end of an alleyway. He pointed down it.
"Are you sure?" I said.
I expected us to be somewhere posh.
"Is right," the man said, finally breaking his silence.
I got out. Almost as if the driver was in a hurry, the taxi sped off. Suddenly I felt all alone, in a foreign country I knew nothing about.
The rain poured down and soaked through my Tux. The woollen material grew heavy with the water. I wondered if I'd get my deposit back.
I jogged down the alleyway. Light leaked out from a door underneath a fire escape. I thumped on the frame and waited.
A man wearing paint splattered jeans and a body warmer opened it.
"I'm sorry, I don't know where I'm going. I'm looking for this."
I handed him the printout.
"I'm supposed to see some Russian magician..."
He lifted his chin and opened the door wider. I was glad to get out of the rain. Inside had the appearance of a factory service corridor.
"Through there," he said pointing to the end of the hallway.
Visions of me entering some basement out of the film Hostel filled my mind and I wanted to turn back and go straight to the airport. The outside door clunked shut.
I took a deep breath and walked forward. My shoes echoed around the small passageway and I felt vulnerable. I pushed on the metal bar at the end and hoped for the best.
I was shocked. The low murmurs of hundreds of voices filled the large room I entered. It wasn't as I expected. It was cavernous. It looked like a palace. Large marble columns rose up from the floor and held in place an ornate ceiling, from which hung intricate chandeliers.
Dozens of men in suits drank from Champagne glasses, all deep into conversation. No one turned to stare at me. It was as if there was nothing odd about me entering via a back door. For a magic show, I found it kind of fitting. Standing there though, I wasn't sure if I felt more out of place here or in the alleyway.
A waiter approached and I panicked.
"Drink, sir?" he said, offering me some Champagne.
I took the crystal flute and resisted the urge to down it in one.
I sipped and tried to blend in.
"The show will start in thirty minutes," was announced over the tannoy in an Eastern European accent.
The guests looked up as if watching the person making the announcement.
Another waiter offered me some canapés. I grabbed one and thanked him.
"Baz?" someone shouted and I peered around.
I locked eyes with a man I didn't recognise.
"Do I know you?" I asked.
"I'm Dan," he said offering his hand.
"I'm sorry, I don't recall."
"Tricked4Life? I ordered your ticket."
Confused, I said, "How did you recognise me?"
"Your avatar, man," he said smiling, "Good to meet you in person. I wasn't sure if you'd come."
"£540, I wasn't going to stay at home."
"Are you excited? I've seen some famous magicians around."
I was nervous. Dan didn't appear to be.
"Oh shit, is that ," I asked.
He turned.
"Hell, yeah," he replied, " and are also here too."
"That's crazy, this is the real deal then?"
"I think so," he said, taking a large gulp of his drink.
"What's his real name?"
"I don't know, no one does."
"That's a bit ominous."
"He's the best of the best, who cares what he's called."
Dan checked his watch.
"We should go take our seats."
"Yeah."
The house lights went down and cheers erupted from the crowd. A spotlight lit the red velvet curtains. They waited for the crowd to die down before they opened.
I was disappointed when I saw him on stage. His hair was grey, not black like the video. He was so much smaller in stature than how he appeared, too. Assistants wheeled in a large tall box.
The magician led one of the assistants inside and proceeded to lock the padlocks on the front of the box. He counted down from three, and on the beat after one, fireworks exploded at the front of the stage and the walls of the box collapsed in on themselves. He approached and spun the box around showing it was now flat. The remaining assistants rolled it off stage and the crowd clapped.
"That's easy," I said turning to Dan, "Fireworks - textbook misdirection and trap door underneath."
He smiled.
Medieval wooden stocks were now brought onto the stage. The magician asked for a volunteer from the audience. A young lady stood up (the only female in the whole crowd) and was invited on stage. The magician mimed claps, and the audience obliged. The woman was secured into place. He threw some eggs into the crowd and offered her as a target. Most missed, except the last that hit her square on the face. Laughter erupted. An assistant arrived with a melon. The magician picked up a sword, its blade flashed in the bright spotlight. He lifted it overhead and brought it down, slicing the melon in two with ease.
He approached the woman in the stocks and with one swift blow, her hands and head fell into the baskets below. The crowd roared with approval.
"Impressed yet?" Dan said to me and to be honest I was vexed.
No sudden flash of light to hide the switch of body parts with fakes, but no blood either.
"She was obviously a stooge, are there any other women in the crowd?"
More helpers joined on stage, mopping the floor as if to clean up blood that wasn't there. A chuckle fluttered through the crowd.
The final illusion was the classic Chinese Water Torture Cell made famous by Harry Houdini.
A large tank of water sat centre stage. The magician took off his clothes to reveal a turn-of-the-nineteenth-century bathing-suit, a beige number that covered his body and upper legs. He placed on a nose clip and rubbed his hands in anticipation.
He ascended the ladder attached to the tank and jumped in. Water splashed over the sides and an iron lid was slammed into place. Padlocks were locked around the top and a curtain drawn in front. A man started a stopwatch and gazed at it in earnest.
Time passed. I checked my watch, he had been in there for ninety seconds. The curtain was removed, to reveal his hand poking out the top trying to pick the locks on the outside, then the curtain was replaced.
Another minute passed and banging could be heard from within. The man with the stopwatch brought his hand across his throat, signalling to end the performance.
Someone ran on stage with an axe and the curtain was pulled away. The locks were still in place, but the tank was empty. The audience gasped.
"Hallo," rang out around the auditorium.
I turned to see The Russian in the stalls above, dripping with water.
Wild cheers erupted and everyone clapped.
"How did he do that then, Mr Smart Guy?" Dan asked, clearly pleased with himself.
"I have no idea," I said, clapping without even thinking about it.
The house lights went up.
"There will be a ten minute intermission before the second part of the show, will guests with tickets..." the announcer said, listing off numbers, "... please make their way to the door at the side of the stage."
"That's me?" I said to Dan confused.
"Me too, are you excited?"
"I don't understand?"
He grinned and grabbed my hand.
He led me along the row.
"What's going on?"
"Didn't you wonder why it was so expensive? We're part of the show!"
A silent dread filled me.
"I don't want to do it."
"Come on! You're a magician, don't you want to know how it's done?"
"Yeah, but I don't want to be on stage."
"You've done that before, though."
"Of course, but mostly in front of children. At most fifty people. Not in a theatre with over four hundred containing some of the most respected magicians in the world."
"Too bad, you're going," he said, tightening his grip.
We waited at the back of the line of eight people. A man checked tickets and one by one they were led backstage.
Dan passed his ticket over, letting go of his grasp. I thought about leaving, but before I could, the man asked for mine and like a robot I handed it over.
It was quiet backstage.
"Oh shit, is that ?" I said as the man approached.
"Hey," he said excitedly, "I'm..."
"I know who you are," I said shocked that was talking to me.
"Are you boys excited?"
"Very," Dan said, "Baz here's a little nervous."
"Don't be nervous," said, "this is what we are'll here for, right?"
"I have no idea what's going on," I blurted out.
"Don't listen to him," Dan said, "he's just scared."
"And you should be, it's not very often that you're in the presence of a real magician."
"What do you mean?"
"You know, someone who performs real magic."
I scoffed, "There's no such thing as real magic."
"Is this guy for real?" said pointing his thumb at me.
Dan shrugged his shoulders.
balked at me, "Then why are you here?"
"I wanted to see it for myself."
"And that you will, son. Be part of it."
"I don't think I want to."
"This is a once in a lifetime opportunity," he said gesturing with his hands, "it's what we all dream of."
We heard a roar of applause.
"It's time," said, getting in line behind the queue that had now formed.
"I don't know about this Dan," I said.
"It'll be fine, I promise."
I watched as the first of us was taken on stage. A round of applause, then silence. A minute or so passed, then I heard a blood curdling scream and my heart raced.
"What the hell was that?!?!"
"Shhhh," Dan said in deep concentration.
Then the next one was taken and then the next. With each one, a silent time passed, the end of the trick punctuated by a scream.
"Dan!" I said in a whisper, "That man has blood on him!"
I stared at the stagehand as he exited stage right. Blood flecked his shirt and face.
"It's all part of the fun," Dan said, slapping my back.
My stomach lurched, as one by one, the line got shorter.
"Wish me luck," said as he was led on stage.
The man was now drenched in blood, but it didn't seem to bother Dan.
"We have a special guest tonight, please welcome ," bellowed out on the tannoy.
We were almost at the top of the stairs now. Dan watched the performance, his face lit up with pure joy before he grimaced and looked away.
"What's happening?" I asked.
"Holy shit, that was intense. I'm not sure I can do this," Dan said.
But it was too late, the stagehand had already grabbed him and dragged him up. I ascended the last few steps and could now see the wooden floor. I gasped as Dan walked through the blood than now pooled. His shoes left yawning, sticky stalagmites in the congealing liquid.
A horizontal box was opened and he was placed inside. From my angle it was obvious there was no-one placed in the leg side. I watched his feet poke through the holes at the end and the box closed on top of him. The magician picked up a chain saw, pulled the cord into action. Blue-grey smoke billowed out of the side as he revved the engine. Without a second thought, he brought it down, through the box. Dan's face contorted as he shrieked in agony.
"Stop, stop!" he shouted.
The magician ignored him. Blood sprayed out, covering him and launching a mist of bright, red liquid onto the crowd, who cheered in response.
The chainsaw idled. The assistants pulled the box apart and just like the video, Dan's legs fell out of the other end of the box. It was then I noticed the box had been purposefully sloped to allow this to happen. That was the trick. I felt sick and ran.
There was nowhere to go. A large man stood at the door I had entered. Luckily he hadn't noticed I'd panicked. I slowed to a walk and took the stairs down into the basement. As I descended, I heard the muffled tannoy then a rapturous applause.
I paused at the door at the bottom. I assumed it was the fire exit. I tried to turn the knob but it didn't budge. I could hear voices on the other side. I placed my ear against the metal, flinching at the cold. It was a chant. Low tenor voices repeated the same line again and again, in a language I didn't understand. They switched into a more sing-song chorus, then returned to the original verse.
I banged on the door and the voices stopped.
"Mister, you can't be down here," the large man from backstage said.
I obeyed him without a struggle. He let me back into the theatre. The crowd didn't acknowledge me. Waiters patiently walked through the punters offering more Champagne and canapés.
Without thinking, I screamed out, "He's killing them! All of them, they are dead!"
The audience silenced and looked at me.
" is dead, everyone's dead. I saw it. It's not a trick!"
"Sir," one of the waiters said holding his hand up for me to stop.
"I won't be quiet, it's a fucking abattoir up there! Didn't you all see?!"
People started to panic. I raced for the exit. The doors were camouflaged from this side. I ran my hand down the seam trying to find a hidden latch.
"Calm down, sir."
I turned to see the large security guard.
"Fuck that, that man is insane! Let me out of here."
He grabbed my arm, stopping me from leaving.
The house lights went down again and the audience settled.
"Please show your appreciation to your magician tonight and his wonderful volunteers."
The man held me tightly, and I gave up trying to leave and gazed at the stage.
The Russian appeared front and centre, bowing. His assistants from the night joined him. Everyone clapped.
Then one by one, the people who were in the line ahead of me walked on stage, wearing pristine white suits.
waved as he walked on, the audience cheered. The last to enter was Dan. I was shocked.
The crowd stood and clapped.
"Let's not forget our friend at the back there," The Russian said, as the spotlight travelled over the audience, stopping on me.
I froze. The security guard let go of me and joined in the clapping. I ran my hand through my hair and feigned a smile.
"I hope to see you all again soon," The Russian said for one last time and the house lights came up.
Instantly murmurs broke out around the theatre.
"Great job, really added to the finish," one man said as he exited past me.
"Thank you," I said without thinking.
Everyone wanted to shake my hand, but all I could do was stand in confusion and unexpected awe.
The last of the people left, and so did I. As I entered the large hall I was in earlier, I saw Dan. He held a cardboard box under his arm.
"Great job you did," he said grinning from ear to ear.
"What the fuck just happened?"
"I'm sorry," he replied.
was standing next to him.
"I admit it, I didn't think it would work, but your friend Dan here said it would and I trusted him."
"Is anyone going to fill me in on what happened?"
Dan put his hand on my shoulder, "They needed someone to cause a fuss, you know, to make it seem all the more real."
"Dude, I saw you get chopped in half! What did you expect me to do."
"It was really great," said.
"I thought you were dead."
He tried to smile, but I could see the guilt in his face.
"Really sorry, man. It was a shitty thing to do. If we told you though, it wouldn't have looked believable. The Russian doesn't like to use shills."
"What about the woman in the stocks?"
"That was only the warm up. Hey check this out!"
Dan opened the box and revealed his Tux, it was ripped to shreds.
"Glad I didn't rent," he said laughing.
"It was great to meet you," said, "here's my card. If you ever want to see me perform, let me know, I'll get you backstage passes."
"You're not going to try to kill me too?"
He laughed.
"I'll see you around," he said, leaving through the backdoor.
We followed a few minutes later.
A row of limos waited to pick up people as they left.
"You go first," Dan said.
"Aren't you coming?"
"Nah, I'll get the next one."
I told the driver where I was going.
I slept badly in the hotel, my dreams filled with corrupted visions of the night before. I flew back to England in the morning.
I stayed away from that forum for a while, but curiosity got the better of me. There was a post about , saying he'd cancelled his tour. I read the comments, they were filled with the expected bile of people pissed their favourite magician had flaked out on them.
There was a direct message. I clicked. It was from Tricked4Life. It contained a single photo. It appeared to be of someone's torso, a purple-pink bruise ran horizontally along its stomach, blood seemed to leak as if it were some sort of wound. Underneath the photo was a comment.
"I need help, I think the magic is wearing off."
I replied and told him to go to the hospital. That was 48 hours ago and I've not heard back.
xx
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Bottos chain CEO Li Xiang: The future of data securitization, everyone is Xiaolai Li

Bottos chain CEO Li Xiang: The future of data securitization, everyone is Xiaolai Li
A few days ago, the IFIC International Financial Technology Innovation Summit, hosted by People’s Daily People’s Digital, Sanya City Bureau of Commerce, FINWEX, and Guoyin Jinkong, was held in Sanya. At the meeting, Bottos Chain CEO Li Xiang made the theme “The Hope of Machine Civilization”. The speech shows the basic positioning of the Bottos chain “the infrastructure that focuses on artificial intelligence, the application platform that serves data, algorithms and computing power”, and outlines the evolutionary framework of machine civilization to replace industrial civilization. During the meeting, Golden Finance interviewed the Bottos chain CEO Li Xiang.


Bottos CEO Li Xiang

Golden Finance: Please introduce the development track of the Bottos chain?

Li Xiang: According to different development periods, we divide the Bottos chain into 1.0, 2.0 and 3.0.
From 2017 to 2019, Bottos Chain 1.0 — positioned as an artificial intelligence infrastructure. Our entire team spent a year and a half developing BottosChain from 0 to 1, and open source at the end of May 2018, and officially handed over the community to decentralization in December of the same year. As a self-originating public chain, the Bottos chain BottosChain has its own independent property rights in many key technologies. At present, we have applied for 3 key technology patents, which are very flexible in the whole architecture design. We reserve the interface for the AI ​​empowering blockchain, and at the same time have great advantages in commercial performance, and do everything possible to lower the threshold. From 2019 to 2021, it will be Bottos Chain 2.0 — positioned in the artificial intelligence industry. Our goal is to help 10,000 smart DApps to land, securing massive amounts of user data assets, and letting data, computing power, algorithms and other production materials Fast exchange, spiraling out higher AI wisdom, allowing the industry to achieve a higher premium. From 2022 to 2025, the Bottos chain 3.0 is positioned as a revolution in the AI ​​back-feeding blockchain. Based on the accumulated industrial data and machine intelligence of the Bottos chain 2.0, the Bottos chain will pass the underlying code to the robot to optimize and rewrite. The ultimate goal of the first public chain of artificial intelligence. I believe that by 2025, humans no longer need to work. The machine is not only fully qualified for labor, but also the underlying code of the blockchain. In the future, the Bottos chain platform will be used to divide the value of machines and people. At that time, human intelligence will be You can explore the stars and explore the bigger unknowns.

Golden Finance: What do you think is the biggest value of the blockchain?

Li Xiang: Rather than saying that the blockchain creates new value, it is better to say that the blockchain will not be released from the statistical stock value. For example, each of us is generating massive amounts of data every day. When these data are securitized by the blockchain, everyone is Xiaolai Li. The digital economics of Bottos chain cognition is the use of blockchain technology to redistribute the productivity of the digital economy through data, algorithms, and computational power. The Bottos chain is positioned to carry the evolution of artificial intelligence using blockchain technology, and we must share Data asset securitization will bring huge value dividends.
In the era of the Internet, data is centralized, and data obtained from users at no cost has created giant companies such as BAT. In the blockchain era, personal data will truly belong to individuals. Due to the popularity of 5G-promoted ubiquitous Internet of Things, the silent data of tera-sensors will be activated to generate new artificial intelligence, between individuals and individuals outside the BAT client. Obtaining the possibility of peer-to-peer direct sharing of data, we do not need to snatch data from Internet packets, but exchange data directly from the bottom of the sensor through the Internet of Everything. The exchange and superposition of data and data has spawned the spiral evolution of algorithms and computational forces, and then returns the generated value to the individuals of the data source. We can see that the platform built by the Bottos chain carries the closed-loop value of data, algorithms and computing power in the machine civilization. Artificial intelligence is one of the few blockchain fields that can construct an all-digital closed loop. Artificial intelligence is also the only way to bypass Taobao WeChat. This is the value chain of the centralized application, which is the original intention of the Bottos chain to locate artificial intelligence. In the field of artificial intelligence, the main source of value of Keda Xunfei and Shangtang Technology is the free data source provided by millions of users. We can imagine that the market value of the two companies will be divided into millions of users, and the per capita capital will be renewed. Assigning the scene, this is the mission of the Bottos chain.

Golden Finance: How do you see the relationship between artificial intelligence and blockchain now?

Li Xiang: Artificial intelligence is productivity, blockchain is production relations, productivity is that I can destroy you, production relationship is that I can’t directly destroy you, but I can offer the best person to destroy. Productivity creates value, and production relations drive productivity, so they are complementary and can be understood as the poles of Tai Chi. So how many blockchains in the future will have a lot of blockchains to help him achieve value, otherwise he can’t live alone because he didn’t make money. Suppose a developer researches an algorithm, including Bitcoin, which is an algorithm that requires a set of value chains to collaborate and a set of cross-organizational value exchange systems to support. Without a value chain and value mitigation, this algorithm cannot be separated. survive. We have restored this form of bitcoin to countless entrepreneurs, technology workers, man-machine warriors, and data providers, so that they can make new money. Intelligent hardware far exceeds the commercial value of traditional hardware. It comes from its semi-soft and semi-hard features. The soft part can not only capture hard information, perform edge calculation, but also self-purify to rewrite the working mode of hardware. We can simply Understood as a line upgrade on Apple phones. But traditional hardware, it is only hard and not soft, his data is wasted, and he can’t self-evolve. So, the combination of soft and hard is a new life state of the new life, which is the basic unit of machine civilization. Everything in the future is soft and hard, it generates data, and the hardware becomes a living body. This kind of living body will evolve from industrial civilization to machine civilization if it evolves from industrial civilization to machine civilization if it evolves into machines that build machines and machines that write programs (we are writing artificial contracts directly with artificial intelligence).

Golden Finance: What difficulties and challenges did Bottos encounter from its inception to the present, and which pits have been crossed?

Li Xiang: From 2017 to 2019, we have experienced some minor storms. In general, it is a challenge all the way, but in the end, it will turn into a growing nectar. The first is the cognitive challenge. We are a revolutionary platform. Therefore, we advocate the spirit of geeks. Only by breaking through the cognition can we change the world. We believe that the artificial intelligence + blockchain can rewrite human civilization. The future is the age of machine civilization. Everyone is worth the money. It can support countless robots. At the same time, everyone is very profitable because he participates in and shares the feast of machine civilization. This is a huge bonus that the Bottos chain hopes to excavate. Secondly, the technical challenge, blockchain + AI is extremely brain-burning, when black technology encounters black technology, if there is no deep understanding of the two industries, there is no great courage and determination, this double track It is very difficult to do it. Finally, there are challenges in the quality of the team. In the process of project development, there will always be a low point. When there are pressures from all sides, there are new people joining the old people on the road, how the core team keeps the initial heart and the front, I think it is the project. The core factor that can ultimately achieve the goal.

Golden Finance: What is the possible type or industry of DAPP in the future Bottos chain?

Li Xiang: Focusing on data and sensor algorithms, there are many application scenarios, such as travel scenarios, smart home scenarios, car networking scenarios, and then there are a large number of scenarios on the mobile side, or reversed according to value, as long as it can correspond to a billion-dollar The centralized enterprise, we all have the possibility to create a mechanism to take back. At present, artificial intelligence has begun to erupt from visual hearing, such as Keda Xunfei and Shangtang Technology, which have begun to gain a lot of application value. The reason is that the standard of the Turing test is to let the machine have the ability to talk with people. This ability comes first from simulating human perception. The meaning of the sensor is to digitally simulate the five senses of people and generate massive data. So now we see that artificial intelligence breaks through from hearing and vision first, because human sensors and radios are the crystallization of human sensors that are close to a hundred years of development, and the sensors of touch, smell and taste need to evolve gradually. . With five senses, we also need to think about thinking. Google’s man-machine war is the application of thinking. With thinking and driving feedback, Google’s Boston Power Robot is the application that drives feedback. Google is a monument to artificial intelligence, its valuation is more than 800 billion US dollars, and countless Keda Xunfei in the world are catching up with speed. It is conceivable that the Bottos chain stands at a dawn moment when a great era is about to open. We not only hope to remind the birth of countless Google, but also hope that these “new Google” will repay the millions of wealth of Xiaolai Li.

If you aren’t already in our group, please join now! https://t.me/bottosofficial
Bottos Website | Twitter |Facebook | Telegram
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Wealth Formula Episode 187: Ask Buck Part: Part One

Catch the full episode: https://www.wealthformula.com/podcast/187-ask-buck-part-part-one/
Buck: Welcome back to the show everyone and let's get on with the Ask Buck component of today's show. As a reminder this is part one of two. The next one will be airing next week, but we have lots of questions. I want to make sure we give adequate time and yet not bore the lights out of you by making this into a two-hour show. So the first question from Jeffrey Cattell. Jeffrey asked, hey Buck I had a question about investing with an LLC and mortgages. I had heard that purchasing rental properties inside an LLC limits you to getting a commercial mortgage. Can you discuss the differences between commercial and conventional mortgages and how buying within an LLC affects your options.
Yes I can certainly give it a try and of course remember I am not an attorney and I am not an adviser these are my opinions and there are things that I've done etc so don't hold me to it, I'm just giving you my perspective. So let me start out by reminding you a little bit about you know the different kinds of mortgages and they're kind of obvious right I mean there are two really two kinds of mortgages there's two residential there's a commercial mortgage. Now residential mortgages I mean that's the kind that you get for your house that's the kind that you might get for a 1 to 4 unit house or duplex or triplex or quad but you can get a second or third mortgage etc but those are all considered residential mortgages. Pricing is obviously best when it's the first one and it's your primary home but these other residential mortgages that you get as a second or third etc are generally favorable in terms of pricing and amortization and all that stuff as well. Now if your property is already owned by an entity such as an LLC or you're buying it in the name of an LLC by definition you are no longer in the residential category because you're declaring to everybody in the world that this is an investment property in which case you must obtain a commercial mortgage which the major difference between the two frankly is just that the commercial mortgages are more expensive and have less favorable terms than residential ones. So how can you potentially get around this okay. So I let me give you an example and again this is not advice but I'm gonna talk about experience and the experience of others around me so I've had a couple of houses that I own in Chicago one of them that I lived in for a few years and now I rent them all. I bought those houses in my name and therefore at the time we got mortgages and the mortgages are in my name, my wife and my name in this case, but after they were purchased in personal name and mortgages were issued, I then transferred them over especially after obviously when I moved down and I rented the place out into an LLC. So they are now deeded to an entity each shows actually deeded to a separate entity. The process that used to do this is called a quitclaim deed. So if you want to ask your attorney about doing something like this is called a quitclaim deed. Now theoretically and I emphasize the theoretical here if you do this your mortgage could be called. Why? Because in your mortgage usually it's gonna tell you you you know you you know this is a mortgage on you and that if you make these kinds of changes you gotta let them know. In practice though what I have found and this is the part where I keep emphasizing I am not giving you advice is that everyone does this right everyone does a quitclaim deed everyone does it. My dad has been doing this for 50 years and has never had a problem. I'm doing it now and these are major banks they even know about it they don't seem to care. Anyway as long as the mortgage gets paid it seems like no one cares. So bottom line is what most people do what I've done for these smaller properties, buy them in your own name quitclaim deed, so you can't but in your own name get the good better mortgage and then quitclaim. Am I advising you to do that? No. I'm not advising you on anything just what I do what I've done what my dad's done and a lot of people I know have done. Okay all right so that is the first question. Now I'm going to move over to an audio question because some of you weren't chicken. Just kidding I'm kidding about that but audio questions are fun they're fun to hear from people so let's see the so I got have a question here from Garth. Okay Garth here we go.
Garth: Hello Dr. Joffrey this is Garth in Portland Oregon. I understand the definition of accredited investor which I am not one but I've also heard a term sophisticated investor and I'm wondering if that is different than accredited investor and if so what do I need to do to get that title? Thanks.
Buck: Thanks for the question Garth. So the question really is what is a sophisticated investor? Well first of all why does this matter in the first place it's all accredited sophisticated stuff? Well the answer that, for private placements in real estate a certain kind of offering is frequently used called a Regulation D offering, it's the typical structure. Regulation D, a Regulation D offering allows you to move forward with a private offering without pushing it through the SEC for formal classification as the security. Now why would you not want to file with the SEC? Well there's two reasons really cost in time, it's expensive. But the bigger issue in terms of real estate is a very practical one it's the element of time. So if you're doing an SEC filing and you know on an offering it's gonna take you at least a year to get that through the SEC and contrast that with the fact that when you get a building under contract and you know one of the properties that we do an investor club for example, usually you got some under contract you raise capital you close the building and all that it's happening within three months, so you only usually have a very short period of time, you don't have time to send that to the SEC and let them mess around with it. And the SEC in reality knows this so this is not a new new thing this regulation D, it's been around forever you know but so they provide this as an exception to the rule they say if you're not going to file with the SEC you can still do this legally but it has to be under this kind of exemption Reg D and these are limited, these will be limited to investors that are either accredited which we've talked about before, you make $200,000 a year for two years with a reasonable expectation of doing it again the next year, $300,000 if filing jointly and/or a net worth of $1,000,000 outside of your personal residence. That is an accredited investor. What's a sophisticated investor? Well that's the problem right? So that's that's not very clear, it's not very clear at all and it's a little nebulous and when it's not clear frankly often that becomes the area of abuse. There's no clear definition of a sophisticated investor. Sophisticated investors are supposed to be financially savvy. They're supposed to have experience and knowledge and acumen that makes them more qualified to make decisions about these types of more sophisticated investments than your average Joe. But the problem is that it's essentially up to the fundraiser to determine if an individual is sophisticated or not. Now I have seen situations where people join say a real estate gurus organization and immediately upon paying for the course they are somehow deemed sophisticated and start investing in other students deals within that ecosystem, a bit shady if you ask me but it is what it is. Now that's not to suggest that you in particular are not sophisticated because if you're listening to this show there's a very good chance you are sophisticated, you may you know just understand the language well and you may understand real estate well you may own a bunch of real estate and you want to invest passively in a real estate syndication and in those cases you might be sophisticated, you know. I mean it is a little bit random because you know I run into people who are making you know doctors who are making five hundred thousand dollars a year but they've only made it for eighteen months and so therefore they're not accredited, right? So then you have to make some judgment calls but anyway bottom line is sophisticated is subjective but I think the biggest problem for this terminology is that there really is no safe harbor in my opinion at least that makes it really really difficult to deal with from the side of the operator and therefore in our group in general for investor club it's very rare when we will you know not require the true accredited definition and the reality is most major syndicators won't even consider sophisticated investors who are not accredited for this reason, it just becomes one of those situations you don't want to put yourself in trouble. Okay so let's go to the next question or a couple questions from the same individual so that's fine too, okay from Ron.
Ron: I have a question about Bitcoin. Where do the new bitcoins come from in short I know we are accurate we have and they create blocks in those blocks we store transactions and the miners get a fee for building a block that's 12 Bitcoin I believe so are those 12 bitcoins also getting into relation we'll end up with those 21 million bitcoins in the end or is there something else? So that's my question can you help me with that. Thank you.
Buck: Sure Ron pretty straightforward I mean without getting into too much technical the new Bitcoin you mentioned you know the whole mining basically the new Bitcoin come from doing the mathematical work to solve these complex mathematical problems that's what these supercomputers do those are the miners and then there's a competition whoever gets the answer first as you mentioned gets rewarded with this fee, they get rewarded with Bitcoin and that's weird those Bitcoin are actually generated so that's what it means to mine Bitcoin and you're also right they'll never be more than 21 million Bitcoin you know so that's one of the true values of Bitcoin is that it is a finite thing there’ll never be more than 21 million so the fact that some go out of circulation to get lost etc it's deflationary in that regard. The last thing I guess I would point out is you know what happens after mining is complete with 21 million well basically miners get paid for exchanges transfers etc at that point but it'll be interesting to see how that all turns out at that point. All right I think Ron has another question here and I think it's related.
Ron: Hello there Buck. Ron again here with a question, a what-if scenario. What if my thousand dollar worth of Bitcoin explodes and all of a sudden it's 1 million and I started with storing it on my Ledger Nano S. Is that still a good way to go when it's about a million or maybe 10 million or do I need to have some other methods in place due to spread risks or to be safe? Please let me know. Thank you. Bye bye.
Buck: Alright well a good question you know what Ron is talking about is the Ledger Nano S which is a hardware wallet it basically is something that's stored offline. Now listen that's what makes it so resistant to you know any kind of hacking right so you're not it's you're not online if you're not online no one can get to you, you know a hacker and Russia can't get to you, you know. But so if you suddenly end up with a million dollars of Bitcoin or more the reality is that in terms of the ledger it's just as bulletproof as before. I think the issue becomes when people have you know when they get like several million dollars a Bitcoin or Bitcoin million you know multi millionaires and billionaires or whatever then you know I may become a little nerve-racking just to have this little ledger around here right you may want to have you might want to have a little bit more protection than that in which case you might consider some kind of a custodian service like Gemini etc, but that's you know that's not necessary because one of the things about Bitcoin one of the appeals is that itself the ability to self custodian this stuff right you don't need a bank for this. And so I guarantee you that people are walking around with millions of dollars on their ledgers. Now I will point out that you know Ledger Nano S is just one Hardware wallet and you can get a lot more sophisticated and complicated type things you can even get a like a multi signature wallet Hardware wallet would that would require you know multiple people's keys in order to get to the cryptocurrency which you know I mean if you end up with a ton of money in crypto currency that's you know that's probably something that you might want to do. Okay next question from John Jillette.
Hi Buck love your podcast been extremely helpful in increasing my financial intelligence. There's been talk about impending financial crisis from well-known economist Dent, Rickards and Schiff. What do you believe in the percentage chance that we go into a 2008 like financial crisis in the next couple years? Also as the recession is always coming how much dry powder do you recommend having at this point in the cycle scoop up deals when there's “blood in the streets”? Good question John the problem in my view with those guys that you talked about Harry Dent, Jim Rickards, Peter Schiff all super smart guys right and Harry Dent was on the show recently, is that they've all been predicting the same darn thing for at least four or five years now, right? I mean and it hasn't happened and when there is some sort of pull back because as you said there's always gonna be a recession at some point why is it after you blood in the street, you know? The bottom line is that you know Harry Dent in our last show even said you know I said dude it's hard to predict when right yeah it's hard to predict one I absolutely admit that. So what do you do then because let me give you an example of the counter risk to this whole you know this whole world of fear-mongering, and I'm not saying those guys are just doing that on purpose for that reason, I mean I do think that you know if your whole thing is like the world is coming to an end and you need to buy gold and your major business is selling gold then you know it's a little bit hard to swallow sometimes but let me give you an example of what could happen. So six years ago because you know I said before that Peter and you know all these guys have been talking about for five years at least about how you know everything's going to hell. Six years ago there was a company that we work with now called Western Wealth Capital and Investor Club and they have an investor who has put in twenty five thousand dollars and every deal for the last six years and they have a really unique model of people within our group know a lot about it. The total of seven hundred fifty thousand dollars was invested out-of-pocket during that period of time but the principle is now worth four million dollars. Now those are pretty exceptional numbers right that comes out to you know an annualized return of about a hundred percent and I'm not saying that that is you know what's going to happen in the future, but what I would skew to consider is what if we'd been listening to that advice for five years now? If this person had done that would they have done well? Okay well obviously not because you know if you stopped investing because of because of fear then you didn't make any money. Is it a guarantee that they would have lost money? Absolutely not. I mean listen these deals are really solid they go in there and they start to de-risk these things right away by driving up net operating income and maybe you know maybe wouldn’t have made as much money, but would it have lost a bunch of money? Well personally I just don't I don't think so. Now listen I'm not saying there will not be a recession. As I said eventually there will be. The problem is that we cannot time it and we cannot really quantify the magnitude. As much as people would love to talk about this blood and the street thing I mean the major mainstream economists and ITR Economics who I like don't think it's gonna be that big, they think it's gonna be stuck to the manufacturing and industrial sectors. So what do we do? So what do I do? I should say that I stick to quality assets and quality areas, I create value the moment you know that and then we create value in those assets the moment we acquire them, right? So that helps that whole value add concepts helps de-risk any project by dynamically decompressing cap rates. So think about it you you know you you buy something at a certain cap rate all the sudden you're driving in net operating income and you dynamically decompress your cap rates you have a better margin over your debt burden your risk is significantly lowered and if you can get all of your money out of the deal with a refinance all of your risk is gone okay. So now if there is a downturn and you're in one of these things you want to be in a position where you can ride out the storm with assets you already own and then, and then, this is the important part, lean into the downturn right lots of people freeze up when things go south or but the right thing to do is to be greedy when others are scared. So by continuing to deploy on a regular basis my personal belief is that you can volume average your way through a downturn and get capital preservation and then hopefully pick up some really cheap assets, ride them back up and hopefully it you know you end up in really good shape. That's my own approach to this. I'm not sitting around waiting for zombies to you know erupt out of the ground and start you know only accepting silver dollars, you know from a monster box. I'm just that's just not I just don't see it. As for the current financial climate I'd say the banks are, and I think again most economists would tell you that the banks are in a lot better shape than they were in 2008. I don't think that there's necessarily anything that looks like 2008. I think GDP has grown at a record for a record length of time it's been sluggish but on the other hand you know so in other words there will be some kind of recession eventually but why does it need to be blood in the streets? See we have to remember that before 2008 there was such thing as a recession that you just hear about like three months after it happened right it doesn't always have to be cataclysmic. Now you know talking about these guys you know Peter Schiff himself talks about you know the nature of this crisis that he sees happening and what he describes it as, is a dollar crisis. And if it's a dollar crisis what that means is it's gonna result in inflation. Now inflation is good for real estate. Conversely you've got Harry Dent who's talking about a deflationary recession which I have a harder time believing because of how it affects our own ability to pay you know Treasury holders, US Treasury holders, but you know even Harry thinks in his scenario that well you might as well you know own multifamily real estate because the demographics would suggest that that would be a safe place to be now Harry's a demographics guy. Now listen who knows what'll really happen just because Harry said that and Peter said that and I said this it could be completely something different, but if you do nothing and keep all your money in a bank you're guaranteed to lose money with inflation in my opinion because again I don't think it's gonna be deflationary I've been over that before. And as for dry powder it’s always good to have some obviously right I mean it's always good to have some, so it's hard to quantify how much. The way I have done it is I use as you may know I'm sure you know by now I am an advocate for Wealth Formula Banking because I like the option of you know being able to borrow etc. now for this purpose I use Wealth Formula Banking because it's it's sort of a source of liquidity for me that I can access very quickly that it's out of the banking system but how much dry powder I keep, generally relies on my contribution to the Wealth Formula Banking policy every year. So it's one of the things that sort of keeps me honest right I have to put a certain amount every year in there all the way up to the paid up perdition's and so that's basically circulating as my you know almost like a bond portfolio of liquidity in case I need it, so that's how I do it. But that being said, I'm also in a situation where I am very incentivized to invest rather than to keep my money around or invest in anything that's not real estate so I probably could do a better job with keeping a little bit more dry powder around. Anyway right now, so Wealth Formula Banking that's where my dry powder is and like I said that's where it keeps me disciplined, but I do not have a crystal ball and I don't really I'd really don't foresee myself anything horrible happening so I mean if I did if I was sure of it I'd probably I'm sure I would just you know have a bunch of money sitting around but I don't see any serious indication of that frankly. You know and I should point out I saw today you know Ray Dalio came out and said even about the stock market that he's bullish still right on the stock market, right? I'm not saying I'm bullish on the stock market but the point is there's some still some big names not really like hiding out in shorting markets at this point. So anyway I don't know that I even came close to answering your question but I talked a lot so let's see here. Next question Jason got an audio question.
Jason: Buck, this is Jason Beck from The Rock Arkansas. Wanted to see if you had come across any good ways to utilize raw land investments for a tax-advantaged purpose. I've got some land that is timber and some more land that is pasture that we keep some horses on. I want to see if you had seen anybody utilize either various schedules on their tax returns or creation of entities to try to gain some tax advantage from those type of investments?
Buck: Yeah the big one that comes to mind Jason is conservation easements. Now you know as soon as I say that a lot of people think oh that's that one thing that's kind of like that the IRS hates and they write articles about to try to scare people off of them and that's actually not totally the case the thing that IRS really hates are the syndicated conservation easements even those you know they're totally lawful but what I'm talking about is conservation easements on your own land which really are not controversial for the most part at all. So basically here's how that works okay. Effectively what you do in a conservation easement is you commit your land you still keep it you don't give it but you're giving up certain rights, you remember like yeah if you do any kind of real estate you know there's land rights there's ground rights all that kind of stuff. Anyway, in this case you're giving up the right to develop the land and or or in some cases if it's a mining situation, giving up the right to drill on the land. And if you do that what's interesting is that and what's powerful is that you can if you’ve done it appropriately get a valuation on your lands maximum value if it were to be used for that other purpose. Well let's give a give you an example so it's not so nebulous in other words say the alternative of keeping your horse pasture land was to build a multi-million dollar resort and you had all the plans you had architectural drawings etc. In that case you could theoretically get a valuation of how much that resort would be valued at and take the deduction for the amount of the valuation that you got instead of the value that your land currently has. So as you can imagine that could be an enormous potential tax benefit and so I would probably look into that for sure there's some very famous people who use that, Ted Turner CNN that's why he's got so many Buffalo, people say Donald Trump that's one of the reasons why he has so many golf courses but of course we don't see his tax return so we don't know that for sure. Anyway I know the guy you should speak with and I have already sent you a connection via email.
Okay next question when evaluating a private placement opportunity I should say I don't I for some reason I don't have a name on this one so I apologize, but when evaluating a private placement opportunity, how important is it to you that the general partner has their own personal money invested in the deal? Well the answer is it depends okay. Let's take Ken McElroy for example let's take Western Wealth Capital and those guys for example Ken's be a better example because Western Wealth Capital I know got a couple of million dollars in every deal but let's take Ken. In the past you know where he was I've invested in as a limited partner in companies deals where you know I neither Ken was putting any money in and does that bother me not really. Why? Well listen I know Ken's model and he doesn't really get rewarded unless the asset performs. I also know Ken personally and know that he works hard, has a lot of integrity and takes pride in his work. He's got a tremendous track record and I also know that it takes a lot of work to do what he does, so not getting rewarded financially until the you know property starts to really perform the way he pro formas it out is a type of sweat equity because what you're talking about ultimately is skin in the game. Does the operator have skin in the game? And the question really I think is better termed you know does the operator have skin in the game? Because the skin in the game can also come in the form of sweat equity. Now if Ken in his case doesn't get paid unless investors get paid, I would definitely consider that skin in the game knowing how much work that is. Now the problem these days in my opinion is that there is you know there's everybody and their mother is a syndicator. And you know what I'm talking about right? So you've got all these people I was in here, I'm a full-time software engineer we're 50 hours a week and oh yeah and I just went to a guru course and I'm you know I'm taking down a twenty five million dollar asset would you like to join me? Those people are everywhere now and in those kinds of deals personally I would never invest anyway. However, if you do you should demand heavy skin in the game through cash why because you don't you know you don't know what they're gonna do, they don’t have a huge track record, they've got full-time jobs this isn't just about plugging in a property manager and taking your cut that's BS you know but honestly I would stay away from those deals all together personally you don't want to be part of someone's learning curve.
All right let's see next question I have this via email here, I'm gonna read it. Okay so the next question is from Kenny. Kenny French is asking he says hi Buck I'm a podcast listener and Western Wealth Capital investor as well. I'm currently working with Rod Zabriskie to set up Wealth Formula Banking life insurance policy. So far everything has been going pretty smoothly with one exception. One of the features that I really like about the life insurance policy is it offers a way to have money grow that is protected from creditors and it really gives me a peace of mind to know that I will have a good chunk of money set aside for my family that can't or at least is very difficult for creditors or anyone else to touch. In looking how to hold that policy in a trust LLC personally etc I found out that California, where I live, that's where I live too, has terrible protections for life insurance policies. They only exempt a very small amount less than $20,000 presumably of cash values what we're talking about there, but from the little bit of research I did it looks like a Nevada trust may be the way to go, either way I think this would make for a good podcast topic to do a bit of a dive into so that's why I'm reading that and I got Kenny's okay to do this. So I thought was a good question. So what I did is I actually ran this by Doug Lodmell of Lodmell and Lodmell. Doug is of course my asset protection attorney, very smart guy, all-around good guy. I also want to put a plug in for him if you go to wealthformula.com and you go to there's basically some where you can click there and Doug did this really good webinar on asset protection from sort of the very basic to the more complex and he's just really really good so I would highly recommend you consider using him if any of this stuff is relevant to you. So here's the deal, and here's effectively the answer I've got from Doug: life insurance in many states is already a protected asset, so part of the issue is you got to check in your own state like Kenny did, as in some states like Kenny he's talking about California life insurance turns into pretty much just like an asset like any other asset and it has to be put into an asset protected vehicle. But because it is life insurance, there is an additional consideration of what happens when the policy pays out and how that affects the estate and for that reason there's also an additional choice which is an ILIT which stands for irrevocable life insurance trust. So the issue is that life insurance obviously has a death benefit which could impact the size of your estate and this must be a primary driver for where you hold it. If the death benefit will create or increase in estate tax, then the policy should be held by either an ILIT or another type of gift type trust like a dynasty trust. If the death benefit will not affect the estate tax because the total estate is below the exemption then I would suggest using an asset protection trust asset protection structure to hold the insurance if you are not in a state with good protections. He says it also matters if the insured is using life insurance as a savings vehicle and will need it for their retirement, as often we do with these kinds of things. If so then it is better in an asset protection plan. So I know that was a lot. So first of all if you know you're one of these if you have one of these plans I mean Kenny brings up a very good point you you sure look into this if you're looking for the asset protection component of this too. A few thoughts here okay, first of all you know the first thing to do is check your state and see what kind of protections you have. Next you know the ILIT is certainly an option right I mean it's it's just it's not very expensive it is a couple thousand dollars and you can use that, the problem with that it's difficult to to borrow out of. The next thing to consider is okay how big is that life insurance policy right? If it's three four million bucks, may not be a big deal especially if the rest of your estate is sitting outside of your estate or you've got a plan to have it outside of your estate then you can still figure out you know how to keep you know your estate stuff below you know whatever I think it's probably gonna sunset down to five and a half million or something like that for estate taxes. So in that regard, it seems to me that the smart thing to do would be to use like an asset protection trust which is you know certainly an option that that Doug can help you with, and frankly the nice thing about that is that you know you've got the protection from the creditors and it's still available for retirement. Now if you've got a great big you know death benefit on there, the next step really and actually this step that I've got is a dynasty trust, that was a Nevada dynasty trust and I've got one of those. In that situation though you are getting a trustee involved so you're not directly controlling it. Now I can tell you from personal experience that it's actually relatively not that difficult, you know to work with the trustee, but it does make it a little bit more difficult you know to get the cash available for the insured to use so that's the one thing to consider. Now Doug makes the point that you can also in some situations take an asset protection trust that automatically converts to a dynasty trust at death so then it's really the most flexible tool for most people so that might be the way to go. I think based on what I'm hearing and that's actually different from what I did but you know it was before I met Doug but I might have done like an asset protection trust that converted into a dynasty trust later that might have been what I would have done. Anyway complicated question complicated answer and that's kind of where I'll leave it because I've got a little headache from that last one at this point. So that's it for this week and that is just like half the questions we've got. We've been going on for a while. So that's it for me this week on Wealth Formula Podcast for Ask Buck Part One and we'll be back next week with part two.
submitted by Buck_Joffrey to u/Buck_Joffrey [link] [comments]

morning briefing

Shares of Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Alphabet (GOOG, GOOGL) were hit after the close on Tuesday, all falling over 1%, as the DOJ followed Attorney General William Barr's interest in launching a broad antitrust investigation into Big Tech. Much of the rally on U.S. indices has been fueled by the FAANG stocks and a prolonged legal affair - as well as Netflix (NASDAQ:NFLX) growth worries - could erode some of that sentiment. Nasdaq futures are off by 0.7% on the news, ahead of today's quarterly report from Facebook, and Q2 results from Amazon and Alphabet on Thursday.
Brexit team
Boris Johnson will formally take office this afternoon, unveiling the names of his Cabinet and the team he has tasked with delivering Brexit. Investors are particularly interested to see who will be handed the top jobs such as chancellor of the exchequer, foreign secretary and Brexit minister. Johnson has pledged to negotiate a new Brexit agreemnt with the EU before Oct. 31, but if the bloc refuses, he has promised to leave without a deal on Halloween. Go Deeper: Tim Worstall sees life in the U.K. economy.
IMF trims growth projection
The International Monetary Fund cut its global growth outlook yesterday to 3.2% in 2019 and 3.5% in 2020, both down 0.1 percentage points from its April projections. "Dynamism in the global economy is being weighed down by prolonged policy uncertainty as trade tensions remain heightened despite the recent U.S.-China trade truce, technology tensions have erupted threatening global technology supply chains, and the prospects of a no-deal Brexit have increased," the IMF said in a statement. Go Deeper: Review economic performance by country over the past year.
Restructuring costs bite
Deutsche Bank (NYSE:DB) is off 3.5% premarket after reporting a €3.15B loss in the second quarter, due to a large restructuring charge that wiped out what would have been a modest profit. "This decline is mainly due to our decision to exit substantially all of our equities sales and trading business," the bank said in a statement. Deutsche's shares have fallen more than 30% in the last 12 months, hit by a host of scandals relating to historical anti-money laundering failures. Go Deeper: Check out Deutsche Bank stats and ratings vs. its peers.
Car cuts
A big wave of layoffs is coming to Nissan Motor (OTCPK:NSANY) as the automaker plans 10,000 job cuts globally as part of efforts to turn around its business, Kyodo News reports. The number, which represents around 10% of its global workforce, is much larger than an earlier 4,800 estimate. The announcement will be revealed along with Nissan's Q2 results tomorrow and comes as the automaker struggles to restructure its management team following the arrest of former Chairman Carlos Ghosn.
More auto news
Due to legal risks for diesel-related issues and the cost of replacing Takata (OTCPK:TKTDQ) airbags, Germany's Daimler (OTCPK:DDAIF) said it would intensify cost cuts after reporting a €1.56B loss before interest and taxes in the second quarter. French peer PSA Group (OTCPK:PEUGF) still managed to turn a profit in that period despite a weaker outlook for car sales. Recurring operating income at the maker of Peugeot and Citroen cars rose 10.6% to €3.34B, lifting its operating margin to a new record of 8.7% in January-June. Go Deeper: Look at the holdings in the Global Auto Index ETF (NASDAQ:CARZ)
F-35 parts sourcing
Lockheed Martin (NYSE:LMT) is working to establish alternate supply sources for F-35 parts in the U.S. after the Pentagon decided last week to remove Turkey from the fighter jet program. "We have a timeline that we're working towards... it's out through March of 2020 that we think it will all be resolved," CEO Marillyn Hewson said on a conference call. Turkey previously said it planned to buy a total of 100 aircraft over the years, but following President Trump's sanctions, Ankara will not be able to buy the jets.
KKR devours Arnott's
Just weeks after offloading its Kelsen snacks line to Nutella maker Ferrero, Campbell Soup (NYSE:CPB) is selling its Australian snacks unit Arnott's to KKR (NYSE:KKR), in a deal local media reported was worth $2.2B. Food M&A in Australia is getting hot. Last Friday, Anheuser-Busch InBev (NYSE:BUD) agreed to divest its Australian operations - with best-selling labels like VB and Carlton Draught - to Japan's Asahi (OTCPK:ASBRF) for $11B. CPB +1.3% premarket.
Sunday and drone delivery
United Parcel Service (NYSE:UPS) will start delivering packages on Sundays starting in January, following FedEx's (NYSE:FDX) announced move to seven-day delivery as the two work to meet the demands of online shopping. UPS also announced a new drone delivery subsidiary called UPS Flight Forward and said it has applied for FAA certifications needed to expand the business. Those would allow drone flights beyond an operator's visual line of sight, at night and without limit to the number of drones or operators in command. Go Deeper: See the LATEST ANALYSIS on the stock and join the discussion.
What else is happening...
'Generate a 50% return from the corn market,' writes contributor Atlas Research.
Apple (AAPL) seeking Mac Pro parts tariff exclusion.
LinkedIn moving to Microsoft's (NASDAQ:MSFT) Azure three years after $27B acquisition.
Tilray (NASDAQ:TLRY) acquires boozy candy company to develop CBD edibles.
Sooner-than-expected? WeWork (VWORK) aims for IPO in September.
Coca-Cola (NYSE:KO), PepsiCo (NASDAQ:PEP) break ties with plastic lobbying group.
Starbucks Delivers (NASDAQ:SBUX) to go nationwide in 2020.
Tuesday's Key Earnings Biogen (NASDAQ:BIIB) +4.9% topping forecasts. Coca-Cola (KO) +6.1% boosted by new products. Chipotle (NYSE:CMG) +3.2% AH with comp sales increasing 10%. JetBlue (NASDAQ:JBLU) +1.7% surpassing Q2 estimates. Hasbro (NASDAQ:HAS) +10% as Disney initiatives paid off. Harley-Davidson (NYSE:HOG) +6.4% topping EPS expectations. Kimberly-Clark (NYSE:KMB) +0.6% raising 2019 guidance. Lockheed Martin (LMT) +0.1% amid strong sales. Snap (NYSE:SNAP) +9.1% AH smashing estimates. Texas Instruments (NASDAQ:TXN) +7.2% AH beating expectations. Travelers (NYSE:TRV) -1.5% on elevated weather losses. United Technologies (NYSE:UTX) +1.5% raising outlook. Visa (NYSE:V) -0.5% AH toning down 2019 EPS guidance. Today's Markets In Asia, Japan +0.4%. Hong Kong +0.2%. China +0.8%. India -0.4%. In Europe, at midday, London -0.8%. Paris -0.5%. Frankfurt +0.2%. Futures at 6:20, Dow -0.3%. S&P -0.4%. Nasdaq -0.7%. Crude +0.4% to $56.97. Gold +0.4% to $1426.80. Bitcoin -2.1% to $9758. Ten-year Treasury Yield -2 bps to 2.05%
Today's Economic Calendar 7:00 MBA Mortgage Applications 9:45 PMI Composite Flash 10:00 New Home Sales 10:30 EIA Petroleum Inventories 11:30 Results of $20B, 2-Year FRN Auction 1:00 PM Results of $41B, 5-Year Note Auction
submitted by upbstock to Optionmillionaires [link] [comments]

Want to invest in bitcoin but willing to accept more risk for more return? Maybe investing would be right for you!

As we all know, companies such as AsicMiner are currently kicking butt with their asics by releasing the eruptor blades and Erupter USB sticks for mining. This combined with their 28% or so of total hashing power for the entire bitcoin network is resulting in fantastic growth over the past few months, and their dividends are doing quite well.
If you are interested in shares of AsicMiner , check out either Direct Shares or Pass Through shares, which is just one share of AsicMiner. You can find them in auctions on bitcointalk as well as sites such as BTCT.TO
You can also get smaller shares known as micro shares. There are often times 1/100th of a full share so people can easier purchase them and provide an easier method for reinvesting dividends.
There are other shares too, such as AMC which just recieved a few Avalons they purchased a while ago. Keep in mind that the owners relations with others on the forum is quite poor and very unprofessional, so I would still consider it rather risky.
There are also companies which are not based on bitcoin but experimenting with it as a source of capital, such as KenilWorth on bitfunder, who are a mining company which finds raw material deposits and then sells them to another company (I think). The people with that company are VERY responsive on bitcointalk and seem to be very professional.
You can even if you wish bet on funds which are reliant upon BFL's shipping, such as HaveLock's Investments Mining Fund. The owner of that fund is also rather response on bitcointalk and is a very down to earth person from what I have seen. For example, they just purchased a single Jupiter rig from KnCMiner in an effort to diversify so if BFL fails they will not be destroyed.
They are also other funds out there which are designed to represent an amount of Mhash/s per each share, for example RedStarMining which aims to have 180 Ghash/s eventually, with each share containing 2.818 Mhash/s.
Also, a very cool thing about these funds is that they are very present on bitcointalk in the securities section, so you can see up to date discussion about each fund. For example, for red star mining, here is their thread: https://bitcointalk.org/index.php?topic=63257.0
You can even get a fund in an exchange, such as Crypto-Trade! Though, they seem to be having some major issues with their site for a while now, which is unfortuntate.
And you can get shares in the gambling site satoshidice!
There are tons of such securities available for lots of different styles people could choose, and because of bitcoin buying these shares is a very painless process. But do keep in mind that this is riskier than just holding bitcoin, and there are a good bit of scams prevalent in such securities, but if you keep an eye out and read their associated threads on bitcointalk you will be for the most part safe. Also, investing in companies like AsicMiner increases the network hash rate, making it even harder for a single entity to barge in and get more than 50% of the network hash rate, resulting in an even more secure network! These sometimes even hare shares which cost less than five dollars, so to get started you don't need much BTC at all.
And here is the link to bitcointalk for anyone who wants to do more research and look at any other funds which might be of interest. Don't forget that there are some funds which are not exchanged on these sites, for example group buys where each buyer holds a certain percentage of proceeds from a very expensive miner they pool together to buy. As earlier though, be careful.
There is also a really good subreddit for discussing these securities as well as others on /BitcoinStocks !
Edit: Added in bitcointalk threads for each security I listed.
Edit: It seems that there are nearly half as many downvotes as there are upvotes. Can anyone clarify?
submitted by hak8or to Bitcoin [link] [comments]

Hello, shibes! I just started mining! Any good pools I can join?

Today I started mining using my GTX 750 Ti. It's at stock clocks atm, plan to overclock later. It's the FTW one from EVGA, supposed to overclock nicely :) I plan to get a R9 270 or R9 270x soon, for better FPS and more hashes :) I've been mining for multipool.us, but I'm disappointed at a few things. I don't mind donation fees - it's always nice to do that. The high transaction fees are what gets me. It's 1%, plus the 0.5% I'm donating. I'm using Cudaminer, and according to multipool it is mining LTC, FTC, DOGE, ANC, POT, a bunch of scrypt cryptocurrencies. I know that with the built in Cryptsy feature I could convert them all to bitcoin, but it's constantly switching and focusing my hashes on different scrypt currencies - sometimes multiple at once. I would like to mine just dogecoin with my cpu and gpu, and I plan to get some cheap block erupters for SHA256 currencies... not just bitcoin, don't mess that up.
I'd like to know of some nice dogecoin pools I could mine with... and if possible only dogecoin :)
thanks, sorry for the long post :P
submitted by aricleather to dogecoin [link] [comments]

Bitcoin gets another day in court- I had to testify for 30 minutes

I invested in Bitcoin in June of 2012 and I've done pretty well since then. Today I was posting bond for a friend of mine who was booked on a drug-related charge and I sold some BTC to cover the bond. I had to produce statements from MtGox in order to show how I obtained the money. I was grilled by the prosecution for about 30 minutes regarding Bitcoin. The prosecution had looked up some stuff in Bitcoin and they were trying to argue that I might have obtained the money by illegitimate means (i.e. laundering money), but their arguments were dismissed pretty quickly by the judge. Mind you that pretty much nobody in the court room, including the defense, had any idea what Bitcoin was when we started.
Some of the questions I was asked by the prosecution: 1. Is it true that Bitcoin is not regulated by any state? 2. You are aware that MtGox is not a registered money transmitter? 3. Bitcoin is not a real currency in the sense you can't use it in Wal-Mart, is that correct? 4. Your MtGox account is not an investment account, such as a traditional mutual fund, stock or options, correct? 5. Is it true that Bitcoin is not the official legal tender of any country or jurisdiction? 6. Is it your understanding that Bitcoin is not regulated by FinCEN? 7. Do you realize gains from the rise or fall of the current Bitcoin price? 8. Do you know how Bitcoin mining works? 9. Do you mine Bitcoins? (there are many other questions in the span of 30 minutes, but these were the ones that stood out)
My answers: 1. Yes, it's a decentralized currency so there is no country or state that controls it. 2. Objection by defense and sustained. 3. Is that relevant? (the judge said that he's going to determine if it's relevant and I should just answer the question) ... Yes, you can't use it in Wal-Mart. It's not a traditional currency in that sense. 4. It's not a traditional investment account, but it's no different from investing in currency. (the judge and the prosecution went back and forth here about how one can invest in DollaYen, DollaEuro and they agreed that it's an investment) 5. Objection by the defense (asked and answered) and sustained. 6. Yes. Objection by the defense, but it was overruled and I had already answered the question. 7. Yes. It works just like any other investment: you buy in at a certain price and you sell at a different price. If I have profit, then that's a capital gain. 8. Yes. 9. No.
Statements by the prosecution (most of them dismissed by the judge): 1. Bitcoin is used for money laundering and other illegal activities. 2. Bitcoin is not a real currency. He went on about how it's not regulated, it's not real currency and it's used for illegal activities such as money laundering, but the judge dismissed it saying that it's irrelevant. They also tried to suggest that money obtained from Bitcoin is not traceable, but the judge agreed with the defense that the statements from MtGox are sufficient to prove where the money came from. The judge also made statements that this seems to be in line with any other investment and it should be accepted as a legal source for the bond.
Closing statement from the defense (this was the best part): "Some people like to keep their money in the bank, some keep it under the mattress and some invest it in geeky stuff like Bitcoin. (the whole courtroom, including the judge, erupted in laughter) However, that's not grounds for rejecting the bond. It is entirely reasonable that the witness, who is x-years-old, not married, has no children, has no mortgage and makes x amount of money per year is capable of producing the bond amount."
All and all, it was pretty fun to be up there and testify in defense of both my friend and Bitcoin. I'll try to get the court transcripts and post them up here, it was pretty entertaining to see the prosecution struggle with Bitcoin.
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Mt. Gox Shuts Down - Bitcoins Over?  What's Trending Now ASIC Block Erupter (336 mh/s!) Bitcoin USB Block Erupter Installation and Mining in Windows Mining bitcoin with my 4x 333 mh block erupters Mining Bitcoin Using 7 ASICMiner USB Block Erupters

ASICMINER Block Erupter 336MH/s - 4th Generation - ASIC USB Bitcoin Miner 3.7 out of 5 stars 216 ratings 6 answered questions Currently unavailable. We don't know when or if this item will be back in stock. This fits your . Make sure this fits by entering your model number. USB Bitcoin Miner Low Power Consumption (2,5W) Compatible with lots of mining softwares › See more product details ... A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California, October 28, 2013. REUTERS/Stephen Lam Bitcoin's massive leap since ... While understanding each device and its perks and drawbacks, I suggest that the recommendable device or the best USB bitcoin miner to be used would be the Gekkoscience Compac USB stick bitcoin miner as these devices are fast for USB stick miners. As in, 20 GH/s (with tuning) fast. You can get plenty of support in their forums and they even have a few example setups to work with. Reasonable ... 7nm SHA-256 antminer bitmain s17 pro 56Th/s Bitcoin asic S17 pro 56TH/s 2212w in stock . US $1885-$1895 / Piece 1 Piece (Min ... 13 block erupters running at 336 MHs, 4GHs+. 2x 12 volt power pack to power all ports of the hubs. Prices are going up so get them while you can. OEM micro USB fast charger data sync cable braided cord for cell phone . US $0.16-$0.58 / Unit 1000 Units (Min. Order) 11 ... Alibaba.com offers 215 erupter bitcoin products. About 54% of these are Blockchain Miners, 0% are Graphics Cards. A wide variety of erupter bitcoin options are available to you, such as video memory capacity, rating power.

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Mt. Gox Shuts Down - Bitcoins Over? What's Trending Now

Bitcoin exchange Mt. Gox shut down Sunday. The website is blank and their Twitter account deleted all tweets. Is this a Bitcoin crisis? Subscribe for more vi... Trading 101: What is the Stock Market? - Duration: 15:21. ... [EASY] How To Mine Bitcoin Using ASIC USB Block Erupters and BitMinter - Duration: 3:56. Daniel St.Pierre 6,524 views. 3:56 . How to ... How To Connect Two Routers On One Home Network Using A Lan Cable Stock Router Netgear/TP-Link - Duration: 33 ... How To Mine Bitcoin Using ASIC USB Block Erupters and BitMinter - Duration: 3:56 ... Just me showing off my new bitcoin miner. It may be small and not make much but it's great for someone looking to get into bitcoin and see if it's something they might like. New video up on actual ... Watch my computer screen as I mine Bitcoin using 7 ASICMiner USB Block Erupters averaging 336MH/s. What you are seeing is an application named BFGMiner running 7 Sapphire Block Erupters ...

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