BTC TO PKR, 21 Aug: Today 1 Bitcoin Rate in Pakistan - BOL ...
BTC TO PKR, 21 Aug: Today 1 Bitcoin Rate in Pakistan - BOL ...
BTC TO PKR, 21 Aug: Today 1 Bitcoin Rate in Pakistan
Bitcoin (BTC) Real-Time Price Index and Chart — CoinDesk 20
Bitcoin (BTC) and Pakistan Rupee (PKR) Currency Exchange ...
Rupee to Bitcoin - PKR to BTC exchange rate - Pakistan ...
bitcoin rate in Pakistan|CEO at Crypto Compare Data.
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With regards to getting or sending cash worldwide, paypal buy bitcoin is one of the quickest and most secure nearby installment administrations on the planet. Regardless of what kind of business you do on the web, Payoneer's worldwide installment administration makes it simple for you to get paid in all significant sorts of monetary forms. This installment administration permits you to get installments from global organizations enabling them to make a nearby bank move without any problem. Payoneer's Global Payment Service requires an appropriate record enlistment measure with your preferred bank, to get paid for any nearby or worldwide online work. Payoneer's worldwide installment administration makes it simple for you to make global virtual ledgers in various nations with your monetary standards, to effectively get cash from any of the worldwide organizations on the web or different pieces of the world. It gives an elective technique to pay individuals legitimately without including any outsider. You can undoubtedly send or get your installment around the world. Similarly, as though you need to move your installments from Japan to Pakistan, you just need to give the financial balance subtleties to the particular area you are in to get the sum. A Payoneer installment record can work in two different ways, one with a worldwide installment administration and the second is to demand an installment strategy. With regards to contemplating a bookkeeping technique for an installment move, the primary most significant need that individuals ought to consider is the most secure of all, and Payoneer's installment administration ends up being one of the most secure installment administrations. You can likewise utilize Payoneer to exchange your Bitcoins. It additionally permits you to sell, exchange, or purchase digital currencies. Bitcoincashout offers the most noteworthy potential rates for Bitcoin and you likewise have the alternative to pick Payoneer as your getting account. When your card is stacked, you will get your installments inside two hours or under two hours. You would then be able to pull back the sum through an ATM. Notwithstanding, you can apply the two strategies to get paid for any sort of work from different worldwide organizations or different spots on the planet. It is one of the quickest and least demanding exchanges. Many trade destinations permit clients to exchange or trade their computerized cash, Bitcoins, utilizing a btc to usd calc . It is dependable and secure. You can follow your exchanges with certainty.
Online gambling legislation and regulation. Starting your own gambling product.
Mobile gambling If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation. Mobile and Web Based Apps So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers. Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games. Most Popular Gambling Apps Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.
Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.
Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.
Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.
Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other. Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.
Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians. Virtual Money vs Real Money Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.
The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.
Real money gambling
Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only. What is an Online Gambling Licensing The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government. Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees. Countries that Provide Gambling Licensing Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.
Which gambling license is both internationally recognized?
The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more. In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.
Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses. How to get a License on Curaçao
Documents necessary for company registration:
bank account confirmation;
documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
a document certifying the right of domain possession;
description of games planned to be used in the project;
a list indicating countries of potential operation;
illustration of server locations to be used in the project;
a copy of the agreement with a software provider.
Gambling license cost:
Bank account opening $1000
Company registration $3600
Company management per year $3600
Application processing fee $1000
License fee per year $4800
Equipment/software fee starting from $1500
Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license. Apple and Google Gambling Rules You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.
Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.
Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store. Countries where gambling is illegal It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area. In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities. Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible. Starting your own gambling product Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
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IQ stock broker is a Forex & bitcoin Company in USA Founded in 2012 by a team of highly motivated professionals who are very passionate about trading on the world’s financial market, and are keen on empowering
Bitcoin, Cryptocurrency, forex, make money, online trade, stock exchange IQ Stock Broker IQ stock broker is a Forex & bitcoin Company in USA Founded in 2012 by a team of highly motivated professionals who are very passionate about trading on the world’s financial market, and are keen on empowering others on the same bailiwick. Binary options, or digital options, have continued to gain popularity in the past decade, many ambitious traders see binary options as their preferred choice of investment vehicle in this time of market instability. “IQ Stock Broker” stands out as a leader among the brokers out there with a team that is made up of professionals with experience in Binary trading, risk management, derivatives and international laws and legislation. Their combined knowledge and experience trumps that held by most operators in the market. Learn about bitcoin price in USD here and convert bitcoin to dollar, bitcoin to pounds, bitcoin to euro, bitcoin to yen, bitcoin to naira. 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Hey everyone, STORY TIME! I wanted to sell some BTC this yesterday for e-transfer. So I went on localbitcoins (LBC) and found a "trusted trader". Good ratings, 100+ trades with people who were not marked as "low volume". And thus began my business contact with "hardcore359". I initiated the contact for just over $1000CAD and waited. I supplied my email and accepted the transfer. The transfer was from a corporate account. Nothing too unusual, but when I went to release the coins, the name on the LBC account was totally different. I cross referenced the name LBC supplied and the company name on Google and got no record of the person LBC named, working there. I tried cross referencing on Facebook and linked in as well, nothing. Strange. I asked for proof of this person being who they said they were, and that's when they started getting defensive (THIS IS COMMONLY KNOWN AS A "RED FLAG"). But they said they would send an email from a company email so I said "ok" and they sent an email. At this time, I put the trade in "dispute". Go figure the email I received was from yet another name, a 3rd name... great. But it was a legit email from that company's domain. So I looked up the company on Google and called up the company and asked them if I could speak with the 3rd name... let's call him "Dave". The receptionist told me that "Dave" wasn't in but he could call me back. I asked her to make sure he called back quick, as it was of an important matter. Well, it turns out "Dave" is the company owner. "Dave" called back and said "Yeah, I have no idea what you're talking about, I did not purchase anything for that amount." I asked him to check his bank account, because it's entirely possible that it's the wrong company and the wrong "Dave". He was of course hesitant, but I told him that if there was nothing there, there was nothing there. Upon checking however, he saw MANY transactions in the last two days that he didn't authorize. By this time "hardcore359" on LBC was flipping out and demanding the money back. I reported "hardcore359" and advised them that I had spoke with "Dave" and now he's going on about how I'm "making things up" and that I'm delusional. So then I put a form of the first name into LinkedIn and, go figure, it kicked out a result. I contacted this person and they were amazed I knew their middle name. (It's a very long name I believe is from India or Pakistan). They told me that their identity had been stolen about 2 years ago. TL;DR Caught a scammer who used a stolen identity to create a verified LBC account, and used a hacked bank account to send e-transfers for Bitcoins. The matter is currently under dispute with LBC, the banks have frozen all access to "Dave"s accounts and a police report has been filed. Moral of the story: If it looks sketch AF, DO NOT RELEASE THE COINS! Edit 1: I forgot to mention, I also contacted the company via Facebook. I asked if they had a that worked there. They said "Yes" over Facebook chat. So the company Facebook account was hacked as well. Once I told that info to "Dave" he was beside himself. He actually logged into Facebook and could see "our" (mine and the scammers) conversation. These scammers go *deep*
After the Bitcoin crash: do others fear me for greed?
At 6:30 pm on March 12, Bitcoin dropped from $ 7211 to $ 5555.55. The bitcoin price dived again this morning, slumping nearly $ 2,000 again in half an hour, the lowest fell to $ 3,782.13, a drop of more than 40% in 24 hours. According to the data of the contract emperor, only Huobi, OKEx, Binance, and BitMEX exchanges had a daily short position of 3.133 billion US dollars, which reached the highest in a single day in history. The number of liquidated positions exceeded 110,000, which was also the highest in a single day. Also on March 12, the S & P index fell 260.74 points, triggering the fusing mechanism for the second time this week. The Dow hit its largest decline in history, at 2352.6 points. The Nasdaq fell 750.25 points to 7201.8 points. This is the third time in the history of US stocks. This fuse has been 33 years since the first fuse, but only 4 days have passed since the last fuse. Buffett shouted, "I only lived this way in 89 years." It is reported that Buffett lost $ 6.8 billion last night. According to incomplete statistics, with the exception of the United States, the stock markets of 11 countries including Canada, Mexico, Japan, South Korea, Thailand, India, the Philippines, Indonesia, Brazil, and Pakistan plummeted. The five largest US technology companies, Apple, Amazon, Google, Facebook, and Microsoft, had a cumulative market value of $ 416.63 billion. The Bloomberg Billionaires Index shows that the top 15 richest people in the world lost a total of $ 46.4 billion. Market panic or pullback demand? Regarding the meltdown of U.S. stocks this week, Yang Delong, chief economist of Qianhai Open Source Fund, believes that the spread of the epidemic is not the main reason. It is more a decade of bull market for U.S. stocks. Some factors driving the rise of U.S. stocks are quietly changing, such as the Federal Reserve ’s interest rate There is not much space. Regarding this crazy drop in Bitcoin, Apocalypse Capital told InfoQ that there are two main reasons for this drop in Bitcoin: on the one hand, the bearish demand caused by the expected global economic downturn, and on the other hand, Bitcoin Callback requirements themselves. As we all know, Bitcoin will be halved in the second half of the year, but the trading market pays attention to speculation expectations. This round of rise has essentially halved the market. After hitting a high of 10500, Bitcoin is facing a callback demand. Of course, this round of downtrends is so rapid and there are only a handful of recurrences in the history of Bitcoin, which are inextricably linked to the decline in global stock markets, both of which are the result of expectations of a bearish global economy. However, Johnson Xu, chief analyst of TokenInsight, told InfoQ that the Bitcoin dip was mainly due to market panic, because some market participants bought bitcoins by buying mining machines, borrowing, etc., and expected to reduce their expectations by half. A linkage effect caused by everyone being too optimistic about the market. The market is overhyped because Bitcoin is halved, and some market participants are afraid to miss the opportunity to enter the market irrationally. The current market slump is driven by strong irrational behavior, which translates into a rapid downside response and quickly depletes market buyers' liquidity (flattening down). When the overall financial market panic or other unexpected events are caused by the New Crown virus and the global economic slowdown, market participants often seek to withdraw assets such as stocks and bitcoins and convert these assets into cash (cash is king). So has the recent gold sell-off. When the market panics, people ask for cash in the beginning instead of investing in safe-haven assets such as gold. At the same time, because gold is considered a high-quality asset, investors usually start with liquidity crunch and market panic. Cash in on good assets (because inferior assets are more difficult to sell in panic times). The Bitcoin crash this time has a certain connection with the decline in global stock markets, because the entire financial market is a globalized market, and there is more or less linkage between each asset. In addition, Forbes speculated that it may be because PlusToken scammers transferred bitcoins worth more than 100 million US dollars to the mixer, and then sold bitcoins, resulting in rising market supply.
Other people are greedy, I am afraid, others are afraid of me, greedy? In this case, should investors still expect "halving the market"? Johnson Xu believes that there is no such thing as a "half quotation", and most market participants are too optimistic about the halving of Bitcoin. Price fluctuations are not necessarily caused by halving, but may be caused by the sum of other factors. When everyone is saying that they are optimistic about the market, the existence of risk is ignored in the subconscious. At this time, the risk will be actually reflected, and the upside will gradually shrink. Bitcoin halving was written into the code, and it was not an accident. Bitcoin should be halved in a rational way. It is worth looking forward to, but not overly interpreting and speculation. However, Tianqi Capital believes that this plunge is a callback period for bitcoin's halving of the market, and each round of sharp decline also indicates the opportunity of the market outlook: cheap chips will be hoarded, waiting for the next wave of hype and explosion. Therefore, Tianqi Capital still believes that the market outlook of Bitcoin is worth looking forward to, provided that it is not frightened by the current fierce washing of the chips, after all, when the bear market is the worst, it is also when gold is everywhere. Regarding the future trend of Bitcoin, Apocalypse Capital stated that it should judge according to the current trend. In this round of market, Apocalypse Capital initially chose to follow the downward trend of May 18, and Bitcoin has gradually dropped from a high of 10,000 to 3150 points, so the big support level predicted by this round happens to be 3700 today. Near the point. Data monitoring shows that some funds are involved in this price range. But whether it can hold on to this support remains to be tested. If the 3700 support cannot be maintained, it is very likely that it will hit the US $ 2000 level. Tianqi Capital believes that this is the market's last line of defense. Long-term investment is recommended to buy some relatively stable targets, such as BTC, ETH, etc. The bear market will eliminate many currencies, but if it survives, it will shine in the next round. Johnson Xu believes that the plunge is also a test to promote the healthy development of the industry. Extreme market is a test for the entire industry, especially for infrastructure, risk management, etc., so it is still optimistic and supports the development of the industry for a long time. For current investors, Johnson Xu offers the following suggestions:
Other people are greedy, I am afraid, others are afraid of me, greedy.
Global financial markets have also undergone major changes. From the data point of view, I don't think Bitcoin has the attributes of a safe-haven asset, but this market can test whether Bitcoin has a certain risk-avoidance capability. This is a global world. We need to analyze various markets, not just the digital asset market.
In the long run, we are still optimistic about the digital asset industry.
Does Bitcoin have a fusing mechanism? On March 9, after the U.S. stock market crash triggered the fusing mechanism, the market began a discussion of "whether Bitcoin should set up a fusing mechanism". But at present, most people are not optimistic about the Bitcoin fusing mechanism. OKEx CEO Jay Hao said that the fusing mechanism is difficult to implement in the digital currency market. In the face of a highly volatile market, setting the fuse point is a difficult problem. At the same time, for a 7 * 24h market, when a certain exchange breaks down, the price difference between the digital currencies between the platforms will increase, leading to arbitrage, and the fuse mechanism will eventually become a decoration. Du Wan, the co-founder of Contract Emperor, also said that it is unrealistic to use a fuse mechanism in the currency circle. The fusing mechanism first violates the original intention of the decentralization of the blockchain, and at the same time, it will touch the interests of the top of the currency circle ecological chain. For example, large trading teams can no longer use pins to obtain large profits. When the market is panic, exchanges with a fuse mechanism may lose traffic to exchanges without a fuse mechanism because of the run effect of traders. It can be seen that the current risk aversion measures in the traditional stock market are difficult to transfer to the fickle currency market in a short time, and the regulation of this market still has a long way to go. Investors should still be cautious when investing.
What A Day: D'oh Biden by Brian Beutler, Priyanka Aribindi & Crooked Media (06/19/19)
"I was talking about farting"—Presidential candidate/world’s most awkward person John Hickenlooper
Joe Biden told an audience of donors in New York City that his tax policies wouldn’t “fundamentally change” things, including their quality of life, and waxed nostalgic about his working relationships with segregationists when he was a young senator. Guuuulp. It has not gone over well! Here’s the full rundown. Biden has been campaigning on his ability to reach consensus with Republicans. As evidence of this, he cited his relationships with now-deceased Sens. James Eastland (D-MS) and Herman Talmadge (D-GA). Biden said Eastland “never called me ‘boy,’ he always called me ‘son,’” and called Talmadge “one of the meanest guys I ever knew,” but added, “at least there was some civility. We got things done.” Some problems with this!
Of course these segregationist Senators didn’t call Biden, a white man, “boy.” The implication, intended or not, is they were civil to him because he was white. Which, duh, but also not a great model for making positive change in America.
Whether they were civil with Biden or not, segregationist senators formed the backbone of a vicious, deadly regime that has echoes today in the form of racial inequality, mass incarceration, and other forms of systemic racism.
Eastland and Talmadge were Democrats! (See the Ds by their names?) The fact that Biden was able to cut deals within his own party in the 1970s has no bearing on whether he’ll be able to govern by consensus with Republicans today. In truth, today’s Republican Party has made that kind of governing impossible. Vice President Biden, we have Merrick Garland on line one with a history lesson for you.
Several Democratic presidential candidates have condemned Biden’s comments, including Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren, Beto O’Rourke, and Bill de Blasio. Biden went on to assure his donors that they won’t assume much financial risk by supporting him. “No one’s standard of living will change, nothing would fundamentally change,” he said. But, “when we have income inequality as large as we have in the United States today, it brews and ferments political discord and basic revolution.” Some problems with this!
Biden has promised not to make a dent in rich people’s fortunes. Not the best way to drive home your income inequality message!
His comments are contradictory: If income inequality is so great that we’re on the verge of “revolution,” isn’t Biden flirting with disaster by promising, “nothing would fundamentally change”? Vote for me! Things most people hate won't get better!
There unfortunately aren’t many generous ways to interpret these comments. They have raised concerns across the party about what kind of nominee and president Biden would be, and so far he hasn’t sought to explain himself or walk the comments back. The good news: he’ll almost certainly face questions about them at next week’s debate. popcorn-eating.gif
Under the Radar
The number of refugees—people who’ve been forced to flee violence or persecution—has reached an all-time high of nearly 71 million people worldwide, and includes an estimated 13.6 million people who became refugees in the last year alone, according to the United Nations. Most of the world’s refugees come from just five countries: Syria, Afghanistan, South Sudan, Myanmar, and Somalia, and the greatest number of refugees live in Turkey, Pakistan, Uganda, Sudan, and Germany, respectively. While presenting the report, the U.N. high commissioner for refugees criticized “inward looking,” wealthy countries, many of which have sought to close their borders to these displaced peoples. That includes, um, us.
Trump administration officials have tried to convince Congress that Iran has ties to al Qaeda, suggesting the White House may try to use a post-9/11 war authorization as a legal justification for attacking Iran over Congress’s objections. There’s every reason to be skeptical of the administration’s claims, and House Democrats underscored their skepticism by voting to repeal that authorization. At a House subcommittee hearing on reparations, the writer Ta-Nehisi Coates called on Congress to “reject fair-weather patriotism, to say that a nation is both its credits and its debits,” and to create a commission to study ways the U.S. government can make amends for slavery and its legacy. Coates also rebutted Senate Majority Leader Mitch McConnell, who expressed his opposition to reparations on Capitol Hill this Tuesday. President Trump’s former Communications Director Hope Hicks stonewalled Democrats during a closed-door interview with the House Judiciary Committee on Tuesday because White House lawyers barred her from answering any questions about her time in the White House. Hey Democrats: instead of hearings nobody can watch with witnesses you won’t force to testify, have you considered the opposite? Speaking of which, House Democrats may have finally run out of patience with former Special Counsel Robert Mueller’s reluctance to testify, but they still haven’t subpoenaed him. Reminder, again: Republicans hauled former FBI Director Jim Comey up to the Hill within two days of his decision to close the Hillary Clinton email investigation. And you might have noticed Republicans are pretty good at this “winning elections” thing. The Federal Reserve left interest rates unchanged today, resisting extraordinary and improper pressure from President Trump, who has suggested he might demote Fed Chair Jerome Powell, even though he does not have the legal authority to do so. International prosecutors indicted three men with ties to Russian intelligence and implicated a senior aide to Vladimir Putin for shooting a missile at Malaysia Airlines Flight 17 over Ukraine in 2014, killing all 298 people on board. The British research submarine Boaty McBoatface (this is what happens when you let the internet name things) discovered a significant link between Antarctic winds and rising sea temperatures. As the winds have grown stronger because of greenhouse gas buildup and the destruction of the ozone layer, they have caused more turbulence in waters, resulting in rising sea temperatures and sea levels. Not bad, Boaty. But, you know, bad in every other way. Trans author, activist, and television producer Janet Mock signed a multimillion dollar deal with Netflix to write, direct, and executive produce projects that tell stories about underrepresented people. She is the first out trans woman of color to score a deal like this with a major studio.
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Did You See That Thing?
Facebook confirmed this week that it has spent the past year working with 27 nonprofit, tech, and finance partners to create a cryptocurrency called “Libra.” Despite its classification as a cryptocurrency, Libra would be very different than Bitcoin. Facebook imagines it as a “new global currency standard” that’s stable, guaranteed by tangible assets, and part of a larger program that will be able to perform all the functions of a traditional bank (think accounts, loans, ATMs, etc.). Facebook claims it wants to offer the service to benefit the developing world, and its 1.7 billion adults who don’t have access to banking. This, however, is the same logic it used to promote its plan to offer free internet around the world—a plan that came under fire for attempting to make developing countries dependent on Facebook for access to the internet. On top of that, Facebook’s laundry list of privacy scandals, the rampant misinformation on its platform, and the way it’s been used to subvert elections have naturally made people skeptical that the company should be entrusted with vulnerable people’s money. OTOH maybe we should just blindly trust Zuck again for the 40,000th time.
Is That Hope I Feel?
New York lawmakers have agreed to one of the most ambitious climate plans in the world. The legislation, called the “Climate Leadership and Community Protection Act,” calls for the state to eliminate almost all greenhouse gas emissions with the goal of making the state's economy carbon-free by 2050. Currently, New York sources only 60 percent of its electricity from carbon-free sources.
I made $1 million in BTC in 2 years. Advice on next alt-coins please?
INTRODUCTION Hello everyone, I want to refer you my Reddit post from 19th October 2014 https://www.reddit.com/Bitcoin/comments/2jovik/newbie_depositing_money_into_bitcoin_for_24_years/ Here is a link to the BTC I am holding now to prove it’s me. https://ibb.co/dgiqSb or https://imgur.com/a/ZJsLQ I know there will be a lot of questions posters will ask me so I will write a long post to address most of the issues. Don’t worry, there will be a TL;DR as well BACKGROUND In 2015 I had some personal family issues and necessitated me moving to Pakistan to take care of some land issues we had. I sold my takeaway business and house in the UK and bought land in Pakistan and built a farmhouse. I eventually had around £50,000 left and wanted to invest in BTC anonymously. Thanks to all the Redditers for their excellent advice I bought 261 BTC which back in 2015 was worth around $60,000. I stored the BTC in a Trezor and left recovery seed with my auntie in case of my death or incapacitation. My coins today are worth $1.8 million gross (not including platform fees, bank fees, Capital Gains Tax etc.) THANKS TO REDDITERS I must highlight or refer to the following comments from 3 years ago with thanks for helping me make up my mind on a "gamble" and buying the BTC at $200: BashCo - But you should acknowledge that even if your funds are 100% secure, the exchange rate to national currency is absolutely not guaranteed. They might hold their value, but they might also increase or decrease. There's great upside potential, but nobody really knows where this ride is going. If you go through with this, just force yourself to take it slow and understand every step involved before dealing with the entire amount. Best of luck to you! Dskloet - I recommend you stay away from Bitcoin. It might be worth a lot in 4 years but it might also be worth nothing 7badgers - For your purposes Bitcoin is one of the least desirable wealth storage options. There is a significant probability that the purchasing value will be, in 2-4y , massively less than your initial conversion, possibly even zero. You are likely to find high value metals, diamonds, collectable coins with gold content ,or physical cash a much better option. Lumb - Perhaps you'll be a millionaire. This is a genuine possibility ... Perhaps I'd even do the same thing... Just make sure that going into this you have all the facts. NEXT STEPS I now have approximately $1.8 million and have returned to the UK now (as you can see, I never posted here for 2 years. All my energies and efforts were focused on tending to my farm whilst I was away and devoting my time to improving the land which I had bought, the bitcoins were forgotten). I will now be doing the following: a) I will cash in all of the $1,800,000 holding and of this I will pay Capital Gains Tax immediately, taking my CGT tax-free allowance of me and my wife for this year (which is around £22,000) and the rest $425,000 I will immediately pay to HMRC. I want to be all paid up and not have any headaches from the tax office in my future years. b) I will approximately pay $300,000 to buy a freehold commercial building near my hometown. Downstairs it has ability to seat 20 diners. Upstairs is 2 large flats suitable for me to convert into one large space for my family to live. It has always been my dream to own a restaurant rather than a takeaway and I can now buy it outright and house my family in a very comfortable area close to a very good school. I am so happy about this, I have fulfilled my dream. c) I want to buy and hold another cryptocurrency for 2 years. I will exchange $600,000 into ether. Let me explain. If I were keep Bitcoin and hope for a 1,000% increase then I would have to wait for Bitcoin to reach a price of $60,000 which I do not think will happen for at least 10 years However if I were to buy Ether at $300 and hope for a 1,000% increase, it would have to go to $3,000 and I think this is achievable in 5 years. For my 2,000 brand new ether coins, I could be making another $6,000,000 after I have bought a house and business for my family to live in. d) I will then have $100,000 to make a HUGELY speculative investment in another alt-coin. Again a big gamble. Which ones do you guys think could be a 10-bagger? Monero? Waves? IOATA? NEO? XEM? Please advise with reasons? e) I am required as a Muslim to give 10% of my wages as zakat ("tithe"). $180,000 I will transfer this to the Edhi foundation in Pakistan. Please see Google for the great work they do, spear-headed by their amazing founder. I hope my life could be 1/10th as great as this man. Perhaps you might feel inclined to donate yourself. f) The rest of the land and farmhouse in Pakistan I will donate to my elderly family and let them live out the rest of their days in comfort and prosperity TL;DR I am selling $1.8 million worth of BTC for my own reasons and with all risks known to me. Please advice which alt-coins can be the "next big thing" with reasons.
Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction
https://preview.redd.it/56tmi00dnn621.png?width=690&format=png&auto=webp&s=491b244f26c753ded60486a31f532c434bd1587f https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/ Localbitcoins is the longest running and most popular peer to peer Bitcoin exchange in the world, with trading volume increasing from less than $100,000 per week in 2012 to over $50 million per week currently. On Localbitcoins, buyers and sellers complete deals directly with each other, using the full spectrum of fiat payment methods, ranging from bank transfers to gift cards. Here, we’ll discuss countries with rapidly increasing Localbitcoins trading volume. These are usually countries undergoing a fiat inflation crisis or countries which have enacted severe regulations on Bitcoin trading leaving peer to peer trading as the only option. It is good to first look at Localbitcoins trading volume in the United States before identifying countries without of the ordinary volume trends. Bitcoin is legal in the United States, and the United States perhaps has the lowest fiat inflation rate in the world at 2-3 percent since the USD is the underpinning of the global fiat currency system. The trading volume on Localbitcoins in the United States gradually increased to $10 million per week during the peak of the December 2017 Bitcoin rally and has since then leveled off to $6 million per week. Countries with relatively stable fiat currencies follow this trend of an all-time volume high during the peak of the 2017 Bitcoin rally, followed by a gradual decline during the 2018 bear market. This includes Australia, Canada, the European Union, Hong Kong, Malaysia, New Zealand, Singapore, Switzerland, and the United Kingdom. South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading South American countries that where people use Localbitcoins are seeing rapidly increasing volume throughout 2018 despite the bear market, and this appears to be due to a continent-wide fiat inflation crisis. In Argentina, Localbitcoins trading volume has rallied from ARS 1 million to ARS 9 million since the beginning of 2017. The Argentinian Peso (ARS) has simultaneously experienced 140 percent inflation relative to the USD. The hyperinflation of the ARS itself does not yield the 9X increase in Localbitcoins trading volume, so clearly, the actual amount of peer to peer Bitcoin trading in Argentina is also rapidly increasing thanks to fiat hyperinflation. Venezuela is experiencing the most well-known hyperinflation crisis in the world right now, with the inflation rate in excess of 400,000 percent according to the Cafe Con Leche Index, and a total collapse of the Sovereign Bolivar (VES) seeming imminent. Localbitcoins trading volume in Venezuela is exponentially increasing, from VES 8,000 at the beginning of 2017 to VES 3.8 billion currently. It is likely that a large part of this volume rally can be explained by cryptocurrency adoption proliferating across Venezuela, as its citizens move their money into cryptocurrency in order to protect themselves against catastrophic hyperinflationary conditions. The Localbitcoins trading volume in Venezuela in terms of Bitcoin confirms this, with volume increasing from 274 Bitcoins at the beginning of 2017 to 1,743 Bitcoins currently. Chile is also seeing a steady rise in Localbitcoins trading volume in terms of the native fiat currency the Chilean Peso (CLP). During the peak of the 2017 Bitcoin rally volume reached CLP 213 million per week, and in November 2018 trading volume was as high as CLP 243 million. Since April 2018 the CLP has had 19 percent inflation relative to the USD. In 2016 and 2017, the CLP was actually strengthening relative to the USD, so the inflation trend in Chile is relatively new. Colombia has seen Localbitcoins trading volume rapidly increase from COP 230 million at the beginning of 2017 to COP 8.13 billion per week in November 2018. Simultaneously, there has been 13 percent inflation of the Colombian Peso (COP) relative to the USD since the beginning of 2017. Actual Bitcoin volume has surged from less than 100 Bitcoins per week at the beginning of 2018 to more than 650 currently. Since Colombia is the next-door neighbor of Venezuela, perhaps this surge in Localbitcoins volume has something to do with Venezuelans obtaining the Bitcoins they need in Colombia. In Peru, Localbitcoins weekly trading volume has steadily increased from PEN 60,000 at the beginning of 2017 to as high as PEN 3.145 million in November 2018. Simultaneously, Bitcoin volume has surged from less than 20 Bitcoins per week to 236 Bitcoins. The Peruvian Sol (PEN) has seen 10 percent inflation relative to the USD during 2018. Overall, it is clear that fiat inflation in South America is not confined to Venezuela. Argentina, Chile, Colombia, and Peru are also experiencing fiat inflation and a major uptick in Bitcoin adoption. Thanks to this, it appears that South America will be a hotspot for cryptocurrency adoption in the coming years. India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges The Indian Rupee (INR) has had 11 percent inflation relative to the USD since the beginning of 2018. The bigger story in India regarding Bitcoin is that the Reserve Bank of India has banned the use of bank accounts for Bitcoin activity, which has effectively banned centralized Bitcoin exchanges. This has caused a steady increase in peer to peer Bitcoin trading on Localbitcoins, which is still legal, from INR 48 million per week in May 2018 to as high as INR 122 million during November. There is some speculation that India will make Bitcoin completely illegal like its neighbor Pakistan. Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike Crippling international sanctions on Iran were announced in September 2018 and implemented by November in response to Iran breaking its nuclear treaty. The Iranian Rial (IRR) experienced 430 percent inflation relative to the USD, going from IRR 36,000 per USD at the beginning of 2018 to IRR 190,000 per USD by September. However, the Supreme Leader Ayatollah Ali Khamenei ordered that everything must be done to strengthen the IRR, and the free market ended at that point. Currency traders have been executed, making the living ones scared to bid the IRR lower, and Bitcoin has been made illegal to prevent outflows of capital. Localbitcoins trading volume spiked during the September 2018 hyperinflation crisis but is currently falling quickly due to the risks associated with trading Bitcoin in Iran. Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation Russia certainly had a trading volume spike on Localbitcoins during the peak of the 2017 Bitcoin rally, but in general, volume is consistently rising from Russian Ruble (RUB) 750 million per week in April 2018 to RUB 1 billion per week currently. This coincides with 21 percent inflation of the RUB relative to the USD during the same period of time. Russia’s neighbor to the south, and former part of the Union of Soviet Socialist Republics, Kazakhstan, is also seeing consistently high Localbitcoins trading volume during 2018. The Kazakhstani Tenge (KZT) has seen 17 percent inflation since April 2018 relative to the USD. Localbitcoins trading volume data shows that peer to peer Bitcoin trading is increasing worldwide in several countries even during the 2018 Bitcoin bear market, and this is often associated with fiat hyperinflation. In general, it is thought that if hyperinflation were to become a problem in the United States and the European Union, Bitcoin would have a chance to become the primary global currency. The hyperinflation crisis being observed in several countries worldwide provides a glimpse of what the transition from fiat to Bitcoin may look like. In some countries there is a ‘smooth’ transition, with Bitcoin volume rising as fiat collapses, while other countries experience a rough transition in which Bitcoin is made illegal, making it hard to measure Bitcoin adoption on the ground.
-Public servants must give up foreign nationalities or job, rules SC The Supreme Court on Saturday directed the authorities concerned to set a deadline for dual nationality holders to either rescind their foreign nationalities or resign from their job immediately. Headed by Chief Justice Mian Saqib Nisar, a three-judge bench of the apex court announced its judgement in a case pertaining to public servants holding dual nationalities. It directed the authorities to develop criteria and standard operating procedures (SOPs) requiring disclosure of intent to seek such foreign nationalities and permanent residence permits and adopt methods to check such instances and enforce penalties for no-disclosure. -Pakistan has been elected as the Vice President and the Rapporteur of the Conference of Parties (COP) to the United Nations convention on climate change Pakistan has been elected as the Vice President and the Rapporteur of the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change, at COP 24 in Katowice, Poland. Pakistan was one of the two countries elected to the position from Asia-Pacific Group, by acclamation on December 15, a Foreign Office statement said. The other bodies in which Pakistan secured seats included the Executive Board of Clean Development Mechanism (CDM), Standing Committee on Finance (SCF), Adaptation Committee (AC), Consultative Group of Experts (CGE), and Technology Executive Committee (TEC). -First ever ATM installed in North Waziristan -COAS confirms death sentence to 15 hardcore terrorists Chief of Army Staff (COAS) General Qamar Javed Bajwa on Sunday confirmed the death sentence awarded to 15 hardcore terrorists involved in heinous offences related to terrorism. The terrorists who were tried and awarded capital punishments by special military courts were involved in attacks on the armed forces, law enforcement agencies, abetting suicide bombers in an attack on Christian Colony near Peshawar, destruction of educational institutions and killing of innocent civilians, according to the Inter-Service Public Relations (ISPR). -Government to help in every possible way for PIA’s revival: minister Federal Minister for Privatization Muhammad Mian Soomro has said that the PTI- led federal government will provide all possible help for the revival of Pakistan International Airlines (PIA), ARY News reported on Sunday. The federal minister visited PIA Headquarters and met CEO of PIA, Air Marshal Arshad Malik to get briefing about the current position of the organization. “Government will help in every possible way for PIA’s revival,” adding it [PIA] is moving in positive direction now. Mr Soomro said government is committed to transform PIA into profitable organization as it was in the past. -Gas supply resumed to CNG sector Federal Minister for Petroleum Ghulam Sarwar Khan on Saturday announced that the supply of Compressed Natural Gas (CNG) was estored in Karachi and Sindh at around 8PM. ddressing media in Karachi alongside Governor Sindh Imran Ismail, the petroleum minister said that the days long crisis will be over as the supply was restored to CNG sector at 8PM. -“Japanese firms to invest in Pakistan’s steel, baby formula milk industries” Adviser to Prime Minister on Commerce, Textile and Industries Abdul Razak Dawood said that officials from major Japanese firms are scheduled to visit Pakistan next month for making investments in country’s steel and baby formula milk industries. Speaking at a press conference, Dawood informed that last month Japanese companies assured to invest in Pakistan during the bilateral trade talks in Japan. He said a delegation of Japanese companies, manufacturing steel and baby formula milk, will be visiting Pakistan after January 15. Moreover, the Japanese government also promised to allocate skill development and technology development funds for small industries in Pakistan, the PM adviser said. -Aleem Khan vows initiate large-scale development projects in Punjab Punjab Senior Minister Abdul Aleem Khan on Sunday vowed to initiate large-scale development projects across the province on emergency basis. Talking to journalists at Punjab secretariat, Aleem Khan said the Pakistan Tehreek-e-Insaf government will soon devise policy to regularize the slums in the province. He said that provision of potable water to every locality is government’s responsibility and added that their party will fulfill all the promises made with the masses. The minister also listen public complaints on the occasion and said that the government will not make any compromise on public issues. He said that 908 complaints have been registered so far at the public secretariat and added that out of 815 complaints had been addressed. -CPEC to increase Pakistan GDP growth by 3% Muhammad Saleem Acting High Commissioner (HC) of Pakistan while speaking at Belt and Road Initiative (BRI) conference arranged by Carleton University said through CPEC Pakistan will become an energy secure country and its GDP growth will increase by 2-3pc. He said early harvest energy and infrastructure projects, created 40,000 local jobs and the new projects will usher into an era of development and prosperity. Speaking on the occasion, Chinese Ambassador to Canada, Mr. Lu Shaye said that BRI is not a geo-political tool but it is a new approach to international development and prosperity and it aims to advance economic and trade coordination among regional countries. A large number of academics, diplomats, media persons, businessmen and students attended the conference. -Yet another mini budget on cards from PTI government Yet another mini budget is on cards from the PTI government in a bid to bridge the gap of the increasing revenue shortfall. Federal government is considering major revenue measures including raising the GST rate on POL products, slapping tax on the telecom companies, reversing the tax relief for salaried class by 50 percent and increasing the tax rate on cigarettes by reviewing the existing third tier taxation system. The jacking up of additional custom duty by 1 percent is also among the proposals floated by the FBR to achieve the revenue targets. The Federal Minister for Finance Asad Umar is currently visiting abroad so after his return the government could take final decision on finalising additional revenue measures to bridge the yawning revenue shortfall within the next couple of weeks. -In a historical move, Smart Cards replace old registration books in Punjab Punjab government starts issueing smart cards as replacement of vehicle registration books from tomorrow to facilitate the citizens. According to sources at Punjab Excise Department , all arrangements for the new registration system have been finalized. The source said the machines procured for the smart cards can prepare nearly twenty-two thousand cards daily. -PM Imran Khan issues stern instructions to FIA, crackdown on cards across country in next 24 hours Prime Minister Imran Khan on Sunday has issued stern instructions to the Federal Investigation Agency (FIA). FIA has been ordered to keep its offices 24 hours open in Karachi while teams were formed for action against bitcoin and sell of illegal cards of foreign tv channels. Earlier on November 30, Prime Minister Imran Khan had directed the concerned authorities to finalize a new legislation to effectively deal with the offences related to money laundering. -Russia expresses desire to enhance trilateral partnership with Pakistan, China Alexey Y Dedov, the ambassador of the Russian Federation in Pakistan, hailed the move of the South Asain giant to open the Kartarpur Corridor for Sikh pilgrims in India. According to details, the envoy, speaking at Pakistan Institute of International Affairs on the topic of “Russia’s Stabilising Role in South Asia”, stated that Pakistan’s decision of opening Kartarpur border shows the country’s commitment towards peace and stability in the region. He further appreciated Pakistan’s military crackdown against militants present inside its border under the operations of Radd-ul-Fasaad and Zarb-e-Azb. -Canadian diplomats laud Pakistan as attractive tourist destination A ten-member delegation of Canadian Embassy Islamabad Saturday visited the archaeological sites in Takhtbhai and evinced keen interest in the historical remains of Gandhara civilization. The members of the delegation in their comments on the occasion held Pakistan an attractive tourist country. Pakistan is a peaceful country and its people are peace loving and hospitable, they added. -Pakistan Railways announces to launch VIP trains across Pakistan Pakistan Railways minister stressed that steps are being taken to improve the standard of Pakistan Railways and to provide maximum relief to the people. “New passenger and freight trains will be inaugurated soon including a new train between Lahore and Rawalpindi,” he announced. Sheikh Rashid invited the private sectors to contribute in the development of railways, adding that VIP trains will be launched soon with the collaboration of private partners. -Pakistan emerging as favourite tourist destination for French and European tourists Pakistan is emerging as favourite and preferred tourists destination for French and European tourists, it has been revealed. More and more French and European tourists are opting for Pakistan as a ‘preferred destination’ for tourism purpose, Radio Pakistan reported. According to details, the representatives of the top tour operators of France called on Ambassador of Pakistan to France Moin ul Haque in the French capital for a debriefing session. The representatives of French tour company recently visited Pakistan in September on a two-week long trip. They prepared their separate presentations to brief the Pakistani ambassador about their journey which gave them first-hand experience of tourism potential of Pakistan. -Russia to support Pakistan in economic challenges: Ambassador hints at renewed pledge Ambassador of Russia , Mr. Alexey Dedov has expressed Russian desire to enhance economic ties with Pakistan. The Ambassador of Russia remained with the Governor Sindh for sometime and discussed matters pertaining to mutual interests particularly on partnership in economy, trade and finance. The Ambassador said that Russia welcomes the determination of Pakistani Government to promptly respond to economic challenges of the Country and energy crisis. -For the first time in history, Pakistan and Hollywood to come up with an interesting joint venture Paksiatni directors and Hollywood filmmakers are collaborating for the very first time in history. The acclaimed filmmakers from the East and the West are working together on a supernatural thriller titled Djinn. A new production house ‘Wingman Films’ is going to mark an entry with this multicultural concept venture. Pakistani producer Ali Murtaza, who is also working on "The Legend of Maula Jatt" these days, shared the details of upcoming venture Djinn saying that the movie will be based on a 17-year-old hero from Pakistan’s northern areas who will be struggling to recover ‘lost stones’ and keep the world from being taken over by djinns. Due to this reason, the show will be featuring episodes from the US and China in its first season. -PM may set up poverty alleviation unit at his office Prime Minister Imran Khan may set up a poverty alleviation unit at his office, to be headed by a special assistant, for implementing a new broad-based strategy to pull millions of people out of poverty. About 16 government and semi-government organisations will liaison with the office of special assistant on poverty alleviation and social protection, said sources in the PM Office. -Govt finalises 5-year tariff policy Adviser to Prime Minister on Commerce, Textile and Industries Abdul Razak Dawood has announced that the government has finalised a five-year national tariff policy aimed at restricting duties on raw material and machinery imports for export-based industries. “We are making efforts to rationalise certain taxes and regulatory and customs duties,” he said. “At present, there exists roughly 34 different taxes and the government is planning to reduce them to 12 or eight in the next couple of years.” It would assist the leadership to remove a key impediment in the way of ease of doing business, the adviser emphasised, adding that he was well aware of the challenges faced by the business community regarding tax slabs and tariff lines. -Number of taxes to be reduced from 34 to eight for ease of doing business: Razzak Dawood The business community is suffering a lot in shape of multiple tax slabs and tariff lines. The government is working to rationalize taxes, regulatory and customs duties, Adviser to the Prime Minister on Commerce Abdul Razzak Dawood said while addressing the ‘Emerging Pakistan’ ceremony organized by the Rawalpindi Chamber of Commerce and Industry (RCCI). There are around 34 different taxes and the government is planning to shrink to 12 or eight in next couple of years, he said, adding that this would help in meeting the challenge of one core impediment in ease of doing business. He said that the government had finalized the five-year national tariff policy to bring down tariffs on raw material and machinery imports for export-based industries. -Services exports jump 14.28pc, trade deficit falls 49pc in October The services exports from Pakistan surged by 14.28 per cent to $470 million in October, as compared to the exports during the same month of the previous year. The trade deficit of services also fell sharply by 49.05 per cent during the month as it decreased to $195 million against the trade deficit of $382 million in the same month of previous year, according to latest data of Pakistan Bureau of Statistics (PBS). The imports of services declined by 16.25 per cent to $665 million in the corresponding month as compared to import of $794.02 million in October 2017. Meanwhile, the trade deficit of services during first four months of current fiscal year (2018-19) also shrank by 33.75 per cent as exports increased by 2.13 per cent and imports fell by 15.47 per cent during the period, as compared to the period from July-October of 2017-18. -Govt to promote Pakistan-made furniture at international markets Advisor to Prime Minister on Commerce, Textile and Industrial Production and Investment, Abdul Razak Dawood, Sunday said that the government was taking all possible measures to promote Pakistan-made products at local and international markets and special incentive packages would be given to strengthening manufacturing in furniture sector to boost the exports. The advisor was speaking at the prize distribution ceremony at the concluding day of 3-day “Interiors Pakistan” international exhibition at Expo Center, organised by Pakistan Furniture Council (PFC). Dawood also appreciated PFC Chief Executive Mian Kashif Ashfaq for holding a successful exhibition and said PFC deserved appreciation for promoting the culture of local brands to strengthen the national economy. -Economic revival, industrial boost top agenda of govt: Usman Prime Minister’s Special Assistant on Youth Affairs Usman Dar Sunday said that economic revival and boosting industries were the top agenda of the present government and all-out efforts were being made in that regard. In a meeting of surgical instruments’ manufactures and exporters in Sialkot, Dar said that PTI government was taking the business community and other stakeholders on-board for economic progress and development. Punjab Minister for Special Education Ch Muhammad Ikhlaq, SIMAP Chairman Khalilur Rehman Mughal and Muhammad Jehangir Bajwa were also present. -Govt Likely to Allow More Than One Duty Free Phones for Overseas Pakistanis After facing strong criticism, as well as concerns from the overseas Pakistanis on new mobile import policy, the government is considering revising the policy and may allow at least two duty free phones. -SBP Orders Installation of CCTV Cameras at Exchange Companies to Curb Money Laundering The State Bank of Pakistan (SBP) is planning to tighten the monitoring of exchange companies through CCTV cameras in order to curb money laundering and terror financing in the country. The central bank said that the directives regarding the monitoring of exchange companies are mandatory for continuing their business in Pakistan. -PIA takes multiple initiatives to come out of huge losses Air Marshal Arshad Malik apprised the Aviation Minister about the current management initiatives such as reopening of routes, new destinations being planned to increase the airline’s network, improvement in food service, scheduling, and cost savings. -Pakistan Economic indicators start to take 'u turn' towards positive trajectory: Report Various stats and figures. -Punjab's first Vehicle Registration Card or Digital Vehicle Smart Cards by the Excise and Taxation Department being Printed on site -Pak China Steel Mill inaugurated at Port Qasim A joint venture of Pak-China, Jianbang Group of China and a well-established of Pakistan has installed a first ever pig iron plant at Port Qasim Karachi, which is now inaugurated. The plant is now operational, as per the information the inauguration of this mill has been done on December 2018, there was big presentation of media at the event. The inauguration is done by the Chairman of Jianbang Group, Mr Wu Xianonian, whereas the partner of Pak China Steel, Mr. Lee Feelix as well as the directors Mr. Jam Asif and director Mr. Mustafa Dawood and Head of Marketing Mr. Sheharyar Khan hosted the event, Production capacity of the plant is 8000 tons per month total, at the current the stage company is only producing is 5000 tons. -Islamabad Police To Reward Citizens Over Good Driving Good Citizen Patrol Team will observe the drivers in Islamabad Capital Territory. Islamabad (Pakistan Point News – 15th December, 2018) The Islamabad police will now reward the citizens over following traffic rules. Minister of State for Interior Shehryar Afridi launched the Good Citizen Patrol Team on Saturday. The patrolling team will observe the drivers in Islamabad Capital Territory. Not only that, they will give some reward to the good drivers in Islamabad.
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Only 1 in 5,000 People Worldwide Will Ever Own 1 BTC (or Why We Will Walk on the Moon One Day)
There's an objective way to measure one important factor about Bitcoin, and doing so suggests everyone's 'moon' value could be on the low side....
We can already measure how scarce Bitcoin would be even once (if) it hits full adoption - and the LocalBitcoins charts from https://coin.dance/volume show more and more countries spike in activity.
if the 16 million available BTC were evenly distributed among the world's 7.4 billion residents, only 1 out of every 462 people could have ONE bitcoin; or every person would have 0.00216 BTC.
Bitcoin is many things, but a socialist currency is not one of them. Like all other aspects of finance, a high percentage of the wealth is in the hands of a small percentage of people. That's fine - I just want to highlight what the real scarcity of Bitcoin looks like in real numbers. We start with 1 in 500 as the BEST scenario in terms of the average person's access to Bitcoin ever.
Now let's factor in some realpolitik. BTC are not, and will never be, evenly distributed, so when we think about how few people, worldwide, will be able to acquire JUST ONE Bitcoin, we have to factor in the innovators and early adopters who own hundreds and hundreds of thousands Bitcoins, and the unknown quantity of lost Bitcoins.we also have to factor in realities about wealth disparity: Bitcoin can improve the world, but it won't change human nature or class stratification. So let's assume that 90% of all BTC are owned by just 10% of the world's population - that's being generous (on naive) still, because there aren't 740 million Bitcoin owners yet, and we already know that the top ONE percent (not 10%) own 90+% of other types of wealth. . But even if we use the 10-own-90 ratioo, that means that 1 out of 5,000 people, worldwide, will ever be able to acquire an entire single Bitcoin.
And think about how skewed (worldwide) current BTC ownership is, towards China and then the U.S. While the ratios of "spread across the population" may be 'better' in these countries, there are 1.6 billion people in the China and the U.S., meaning perfect socialism would allow for 1 out of every 100 residents to own but ONE Bitcoin - assuming there were NONE in any other country. Factoring in the wealth disparity, and realizing that plenty of other countries have Bitcoin investors, maybe it's 1 in 2,000 in China and the U.S. - still plenty scarce.
But that means BTC would be even more scarce in every other county, since we have to still average 1 in 5,000 worldwide. India, Pakistan, Russia, and other countries with hundreds of millions of residents are all increasing in awareness and activity. That's got to affect the market. Maybe not $90 a day...but maybe in a few years, by $900/day.
This 1-in-5,000 data holds up no matter what price BTC trades at (it's purely a calculation of supply vs residents - and the Earth's population will increase at a FASTER rate than Bitcoin production - by a big factor - there are 1,800 new BTC mined each day....and 353,000 babies born each day according to UNICEF). When we drop to 900/day mining in 42 short months, that ratio will tilt further towards scarcity.
All this hints at why every price prediction is likely WAY conservative. IF Bitcoin continues to expand in exposure, to attract new buyers, to trigger more FOMO, to become more desirable to more people... AND THEN YOU FACTOR IN THAT SCARCITY... then $900 will be a 'remember when?' number, just as $1 or $13 is for the earliest adopters. Eventually, there will just be bidding wars establish market price. Some one will have to be induced into selling part of a Bitcoin to free any up, and there are many more buyers to come than there are holders or hodlers now.
If there were a growing awareness that only 1 out of every 5,000 people worldwide could get their hands on a ladybug, there'd be no reaction financially (environmentally, maybe). But if you replace the ladybug with something being discussed on Bloomberg and CNBC, and written about in WSJ and Barron's, there will be a scramble. We are seeing that scramble from Cyprus to Venezuela to Greece to China (repeatedly there as the yuan staggers) to India. Capital controls - bank runs - hoarding - abandoning fiat - and governments taking currency out of circulation to stop inflation (really?) - these are becoming MORE prevalent, not less - and that forecasts greater adoption of Bitcoin by more and more people anywhere there are banks and WiFi routers.
If you're (correctly) thinking, well, Bitcoin is scalable down to one satoshi, so why is scarcity of ONE Bitcoin important, consider this: The relative scarcity is the same no matter how many different decimal places you use - let's say 1 in 500 people will ever have 0.1 Bitcoins, or 1 in 50 will ever have 0.01 coins....when we get to the point where a fraction of a BTC becomes an aspirational ceiling of ownership, the price will go off the rails, just like the people who bought 10,000 at a time in 2011 became 'Bitcoin billionaires' - when price rose (and fell and rose again, which adds to the health of BTC to survive that crash, much like a relationship is stronger if it survives a tough fight) -so in late 2014 and most of 2015, the rest of us were thrilled to buy 0.5 or 2 or 5 or 10 BTC a month. $225 feels like 'the good of' days...' and that was merely last August, 15 months ago. Now the same money buys 0.2 or 0.5 or 2 or 4 BTC.
A single Bitcoin already costs more than the average American's weekly salary - assuming full time employment - which is hardly a given.
$800 and $900 were so exciting. I know some veterans saw higher prices (briefly) in '13, and I know we will have a dip and level and chop and future spikes. But we're not talking about $900 to $1,000 over the next 4 years. New adoption, reduced supply, increased government pressure - laid on top of the simple math of BTC supply vs population - suggests the moon landing, someday, is several factors of 10 higher than the 'dream' of $2,000 in 2017.
If the round numbers and estimates seem to diminish the main point here, I picked up that habit from the excellent books, Are You Smart Enough to Work at Google? I'm not - so if they say to use round numbers when tackling a problem, who am I to argue?
Almost 9 months ago I launched a bitcoin only store. Here is an update and some interesting info regarding the journey so far.
CoinsForTech is fast approaching our 1st birthday and I wanted to give an update of what our first 9 months as a bitcoin-only merchant has been like. I really think we provide a great service and have grown incredibly well since our launch. This is with no mentions from blogs and very little expenditure on advertising. There are some figures and statistics below which are incredibly positive. I am most proud of our widespread customer base as accepting bitcoin has really been a game changer here. We do good volume in areas flagged incredibly high risk and have not been scammed once. Not to mention the instant irreversible payments and almost non-existent fees. IF YOU ARE AN INTERNATIONAL MERCHANT YOU SHOULD BE ACCEPTING BITCOIN. I cannot stress this enough. Incredibly low start-up and ongoing costs, clear market from bitcoiners wanting to spend, irreversible and instant payments worldwide – what have you got to lose?
Since our launch we have sold over $300,000USD of electronics to customers across nearly 40 different countries. All of these sales were in bitcoin. You can see our order map here. If our current growth continues we will break $500K revenue for our first 12 months which is awesome, especially given lack of marketing.
Of these sales we have been scammed a total of zero times. This is an incredible testament to bitcoin as we are in an incredibly high-risk market. I have been in electronics reselling for several years and never have achieved remotely close to a 0% fraud rate. Quite ironically we have had three attempted scams – each of which tried to pay using credit card.
Every day we are transferring HUGE amounts of money between countries with very little reliance upon current banking infrastructure. We are doing this incredibly cheap and quickly compared to fiat business as well. In March alone we have processed over $50K of orders across 15 separate countries at a fraction of the cost of non-bitcoin businesses.
We are active in several high-risk markets. In fact, customers in areas such as India, Israel and Pakistan are some of our best. We could never ship to these countries using a system other than bitcoin. We are honestly comfortable delivering to some of the most high-risk countries due to the nature of bitcoin. These markets are now ripe for the picking as our products are significantly cheaper than they can find locally and there is no currency conversion barrier stopping them purchasing from us.
We have many customers that replace the bitcoins as they spend them. They are using them as a method of payment rather than for speculation. Depending on the market, it is cheaper for many to use bitcoins and purchase internationally than it is for them to use fiat and source locally.
We just recently broke 1,000 products listed. It’s worth mentioning this is just a fraction of what will be available. Think software, much more camera equipment, video games, fragrances, make-up and a HUGE amount of computer components. I seriously mean huge – it’s going to take forever to get them sorted.
Lastly, some of you might be interested in the free shipping promo we launched for 48 hours as of last night. Free shipping via DHL, EMS or FedEx is available on all tablets, gadgets and gaming consoles to over 20 countries. Video games themselves are sent by AirMail. For more info a full list of supported countries please see here - http://eepurl.com/QxSqn
06-04 00:34 - 'Bitcoin, trade wars, nuclear war, off-grid living and Ted Kaczynski' (self.Bitcoin) by /u/MarcBago removed from /r/Bitcoin within 273-283min
''' Bitcoin, trade wars, nuclear war, off-grid living and Ted Kaczynski I saw a post on here earlier asking if the trade war with China is good news for bitcoin. Which got me thinking- would war be good news for bitcoin? What about nuclear war? Expected answer: cashing out your bitcoins would be the last of your problems during nuclear war. Which I agree with. But I have a soft spot in my heart for off-grid lifestyles and an anti-tech revolution as imagined by Ted Kaczynski. His latest book released in 2016 I believe, Anti-Tech Revolution: Why & How (pdf is available free online) was a fascinating read, I read it front to back 3+ times in a row after first coming across it. Kaczynaki takes a look at revolutions throughout history and the social sciences generally (which he rightfully observes is nowhere remotely like the hard sciences) in this book, and one thing he concludes is that human affairs are unpredictable and society cannot be designed and there will sooner or later be catastrophic failure of the industrial technological system we are living in. You know what, how about I paste a snippet here for y’all to digest and share your thoughts about- [link]1 CHAPTER ONE The Development ofa Society Can Never Be Subject to Rational Human Control I. In specific contexts in which abundant empirical evidence is available, fairly reliable short-term prediction and control of a society's behavior may be possible. For example, economists can predict some ofthe immediate consequences for a modern industrial society of a rise or a fall in the interest rates. Hence, by raising or lowering interest rates they can manipulate such variables as the levels ofinflation and ofunemployment.3 Indirect consequences are harder to predict, and prediction of the conse quences of more elaborate financial manipulations is largely guesswork. That's why the economic policies ofthe U.S. government are subject to so much controversy: No one knows for certain what the consequences of those policies really are. Outside of contexts in which abundant empirical evidence is avail able, or when longer-term effects are at issue, successful prediction-and therefore successful management of a society's development-is far more difficult. In fact, failure is the norm. • During the first half of the second century BC, sumptuary laws (laws intended to limit conspicuous consumption) were enacted in an effort to forestall the incipient decadence of Roman society. As is usual with sump tuary laws, these failed to have the desired effect, and the decay of Roman mores continued unchecked.4 By the early first century BC, Rome had become politically unstable. With the help ofsoldiers under his command, Lucius Cornelius Sulla seized control of the city, physically exterminated the opposition, and carried out a comprehensive program ofreform that was intended to restore stable government. But Sulla's intervention only made the situation worse, because he had killed offthe "defenders oflawful government" and had filled the Senate with unscrupulous men "whose tra dition was the opposite ofthat sense ofmission and public service that had animated the best of the aristocracy."5 Consequently the Roman political system continued to unravel, and by the middle of the first century BC Rome's traditional republican government was essentially defunct. • In Italy during the 9th century AD certain kings promulgated laws intended to limit the oppression and exploitation of peasants by the aristocracy. "The laws proved futile, however, and aristocratic landowning and political dominance continued to grow."6 • Simon Bolivar was the principal leader ofthe revolutions through which Spain's American colonies achieved their independence. He had hoped and expected to establish stable and "enlightened" government throughout Spanish America, but he made so little progress toward that objective that he wrote in bitterness shortly before his death in 1830: "He who serves a revolution plows the sea." Bolivar went on to predict that Spanish America would "infallibly fall into the hands ofthe unrestrained multitude to pass afterward to those of. . . petty tyrants of all races and colors . . . [We will be] devoured by all crimes and extinguished by ferocity [so that] the Europeans will not deign to conquer us. . . ."7 Allowing for a good deal of exaggeration attributable to the emotion under which Bolivar wrote, this prediction held (roughly) true for a century and a half after his death. But notice that Bolivar did not arrive at this prediction until too late; and that it was a very general prediction that asserted nothing specific. • In the United States during the late 19th century there were worker-housing projects sponsored by a number ofindividual philan thropists and housing reformers. Their objective was to show that efforts to improve the living conditions ofworkers could be combined with... profits of5 percent annually. ... Reformers believed that the model dwellings would set a stan dard that other landlords would be forced to meet. . . mostly because of the workings of competition. Unfortunately, this solution to the housing problem did not take hold. . . . The great mass ofurban work ers. . . were crowded into. . . tenements that operated solely for profit.8 It is not apparent that there has been any progress over the centuries in the capacity of humans to guide the development of their societies. Relatively recent (post-1950) efforts in this direction may seem superficially to be more sophisticated than those ofearlier times, but they do not appear to be more successful. • The social reform programs ofthe mid-1960s in the United States, spearheaded by President Lyndon Johnson, revealed that beliefs about the causes and cures of such social problems as crime, drug abuse, poverty, and slums had little validity. For example, according to one disappointed reformer: Once upon a time we thought that ifwe could only get our problem families out of those dreadful slums, then papa would stop taking dope, mama would stop chasing around, and junior would stop car rying a knife. Well, we've got them in a nice new apartment with modern kitchens and a recreation center. And they're the same bunch of bastards they always were.9 This doesn't mean that all ofthe reform programs were total fail ures, but the general level of success was so low as to indicate that the reformers did not understand the workings of society well enough to know what should be done to solve the social problems that they addressed. Where they achieved some modest level of success they probably did so mainly through luck. One could go on and on citing examples like the foregoing ones. One could also cite many examples ofefforts to control the development ofsocieties in which the immediate goals ofthe efforts have been achieved. But in such cases the longer-term consequences for society as a whole have not been what the reformers or revolutionaries have expected or desired.11 10 ANTI-TECH REVOLUTION • The legislation of the Athenian statesman Solon (6th century BC) was intended to abolish hektemorage (roughly equivalent to serfdom) in Attica while allowing the aristocracy to retain most of its wealth and privilege. In this respect the legislation was successful. But it also had unexpected consequences that Solon surely would not have approved. The liberationofthe"serfs"resultedinalaborshortagethatledtheAtheniansto purchase or capture numerous slaves from outside Attica, so that Athens was transformed into a slave society. Another indirect consequence of Solon's legislation was the Peisistratid "tyranny" (populist dictatorship) that ruled Athens during a substantial part of the 6th century BC.12 • Otto von Bismarck, one of the most brilliant statesmen in European history, had an impressive list ofsuccesses to his credit. Among other things: -He achieved the unification ofGermany in 1867-1871. -He engineered the Franco-Prussian war of1870-71, but his suc- cessful efforts for peace thereafter earned him the respect of European leaders. -He successfully promoted the industrialization of Germany. -By such means he won for the monarchy the support ofthe middle class. -Thus Bismarck achieved his most important objective: He pre vented (temporarily) the democratization of Germany. -Though Bismarckwas forced to resign in 1890, the political struc ture he had established for Germany lasted until 1918, when it was brought down by the German defeat in World War 1.13 Notwithstanding his remarkable successes Bismarck felt that he had failed, and in 1898 he died an embittered old man.14 Clearly, Germany was not going the way he had intended. Probably it was the resumption of Germany's slow drift toward democratization that angered him most. But his bitterness would have been deeper ifhe had foreseen the future. One can only speculate as to what the history ofGermany might have been after 1890 if Bismarck hadn't led the country up to that date, but it is certain that he did not succeed in putting Germany on a course leading to results ofwhich he would have approved; for Bismarck would have been horrified by the disastrous war of 1914-18, by Germany's defeat in it, and above all by the subsequent rise ofAdolfHitler. • In the United States, reformers' zeal led to the enactment in 1919 of"Prohibition" (prohibition ofthe manufacture, sale, or transportation CHAPTER ONE: PART I 11 of alcoholic beverages) as a constitutional amendment. Prohibition was partly successful in achieving its immediate objective, for it did decrease the alcohol consumption of the "lower" classes and reduce the incidence of alcohol-related diseases and deaths; it moreover "eradicated the saloon." On the other hand, it provided criminal gangs with opportunities to make huge profits through the smuggling and/or the illicit manufacture of alcoholic drinks; thus Prohibition greatly promoted the growth of organized crime. In addition, it tended to corrupt otherwise respectable people who were tempted to purchase the illegal beverages. It became clear that Prohibition was a serious mistake, and it was repealed through another constitutional amendment in 1933.15 • The so-called "Green Revolution" of the latter part of the 20th century-the introduction of new farming technologies and of recently developed, highly productive varieties of grain-was supposed to allevi ate hunger in the Third World by providing more abundant harvests. It did indeed provide more abundant harvests. But: "[A]lthough the 'Green Revolution' seems to have been a success as far as the national total cereal production figures are concerned, a look at it from the perspective of communities and individual humans indicates that the problems have far outweighed the successes... ."16 In some parts of the world the conse quences of the Green Revolution have been nothing short of catastrophic. For example, in the Punjab (a region lying partly in India and partly in Pakistan), the Green Revolution has ruined "thousands of hectares of [for merly] productive land," and has led to severe lowering of the water table, contamination of the water with pesticides and fertilizers, numerous cases of cancer (probably due to the contaminated water), and many suicides. "'The green revolution has brought us only downfall,' says Jarnail Singh... . 'It ruined our soil, our environment, our water table. Used to be we had fairs in villages where people would come together and have fun. Now we gather in medical centers.' "17 From other parts of the world as well come reports of negative con sequences, of varying degrees of severity, that have followed the Green Revolution.These consequences include economic, behavioral, and medical effects in addition to environmental damage (e.g., desertification).18 • In 1953, U.S. President Eisenhower announced an "Atoms for Peace" program according to which the nations of the world were sup posed to pool nuclear information and materials under the auspices of an international agency. In 1957 the International Atomic Energy Agency 12 ANTI-TECH REVOLUTION was established to promote the peaceful uses of atomic energy, and in 1968 the United Nations General Assembly approved a "non-proliferation" treaty under which signatories agreed not to develop nuclear weapons and in return were given nuclear technology that they were supposed to use only for peaceful purposes.19The people involved in this effort should have known enough history to realize that nations generally abide by treaties only as long as they consider it in their own (usually short-term) interest to do so, which commonly is not very long. But apparently the assumption was that the nations receiving nuclear technology would be so grateful, and so happy cooperating in its peaceful application, that they would forever put aside the aspirations for power and the bitter rivalries that throughout history had led to the development of increasingly destructive weapons. This idea seems to have originated with scientists like Robert Oppenheimer and Niels Bohr who had helped to create the first atomic bomb.20 That physicists would come up with something so nai:ve was only to be expected, since specialists in the physical sciences almost always are grossly obtuse about human affairs. It seems surprising, however, that experienced politicians would act upon such an idea. But then, politicians often do things for propaganda purposes and not because they really believe in them. The "Atoms for Peace" idea worked fine-for a while. Some 140 nations signed the non-proliferation treaty in 1968 (others later),21 and nuclear technology was spread around the world. Iran, in the early 1970s, was one of the countries that received nuclear technology from the U.S.22 And the nations receiving such technology didn't t r y t o use i t t o develop nuclear weapons. Not immediately, anyway. Of course, we know what has happened since then. "[H]ard-nosed politicians and diplomats [e.g., Henry Kissinger]...argue that proliferation of nuclear weapons is fast approaching a 'tipping point' beyond which it will be impossible to check their spread." These "veterans of America's cold-war security establishment with impec cable credentials as believers in nuclear deterrence" now claim that such weapons "ha[ve] become a source of intolerable risk."23 And there is the inconvenient fact that the problem of safe disposal of radioactive waste from the peaceful uses of nuclear energy still has not been solved.24 The "Atoms for Peace"fiasco suggests that humans' capacity to con trol the development of their societies not only has failed to progress, but has actually retrogressed. Neither Solon nor Bismarck would have supported anything as stupid as "Atoms for Peace." CHAPTER ONE: PART II 13 II. There are good reasons why humans' capacity to control the development of their societies has failed to progress. In order to control the development of a society you would have to be able to predict how the society would react to any given action you might take, and such predic tions have generally proven to be highly unreliable. Human societies are complex systems-technologically advanced societies are most decidedly complex-and prediction of the behavior of complex systems presents dif ficulties that are not contingent on the present state of our knowledge or our level of technological development. [U]nintended consequences [are] a well-known problem with the design and use of technology... . The cause of many [unintended con sequences] seems clear: The systems involved are complex, involving interaction among and feedback between many parts. Any changes to such a system will cascade in ways that are difficult to predict; this is especially true when human actions are involved.25 Problems in economics can give us some idea of how impossibly difficult it would be to predict or control the behavior of a system as com plex as that of a modern human society. It is convincingly argued that a modern economy can never be rationally planned to maximize efficiency, because the task of carrying out such planning would be too overwhelmingly complex.26 Calculation of a rational system of prices for the U.S. economy alone would require manipulation of a conservatively estimated 6xl013 (sixty trillion!) simultaneous equations.27 That takes into account only the economic factors involved in establishing prices and leaves out the innu merable psychological, sociological, political, etc., factors that continuously interact with the economy. Even if we make the wildly improbable assumption that the behav ior of our society could be predicted through the manipulation of, say, a million trillion simultaneous equations and that sufficient computing power to conduct such manipulation were available, collection of the data necessary for insertion of the appropriate numbers into the equations would be impracticable,28 especially since the data would have to meet impossibly high standards of precision if the predictions were expected to remain valid over any considerable interval of time. Edward Lorenz, a meteo rologist, was the first to call widespread attention to the fact that even the most minute inaccuracy in the data provided can totally invalidate a 14 ANTI-TECH REVOLUTION prediction about the behavior of a complex system. This fact came t o be called the "butterfly effect"because in 1972, at a meeting of the American Association for the Advancement of Science, Lorenz gave a talk that he titled "Predictability: Does the Flap of a Butterfly's Wings in Brazil Set Off a Tornado in Texas?"29 Lorenz's work is said to have been the inspiration for the development of what is called "chaos theory"30-the butterfly effect being an example of "chaotic" behavior. Chaotic behavior is not limited to complex systems; in fact, some surprisingly simple systems can behave chaotically.31 The Encyclopaedia Britannica illustrates this with a purely mathematical example. Let A and x0 be any two given numbers with 0 CHAPTER ONE: PART II 15 behavior of a macroscopic system requires data so precise that their accuracy can be disturbed by events at the subatomic level, then no reliable prediction is possible. Hence, for a chaotic physical system, there is a point beyond which the horizon of predictability can never be extended. Of course, the behavior of a human society is not in every respect chaotic; there are empirically observable historical trends that can last for centuries or millennia. But it is wildly improbable that a modern techno logical society could be free of all chaotic subsystems whose behavior is capable of affecting the society as a whole, so it is safe to assume that the development of a modern society is necessarily chaotic in at least some respects and therefore unpredictable. This doesn't mean that no predictions at all are possible. In reference to weather forecasting the Britannica writes: It is highly probable that atmospheric movements... are in a state of chaos. If so, there can be little hope of extending indefinitely the range of weather forecasting except in the most general terms. There are clearly certain features of climate, such as annual cycles of tem perature and rainfall, which are exempt from the ravages of chaos. Other large-scale processes may still allow long-range prediction, but the more detail one asks for in a forecast, the sooner it will lose its validity.34 Much the same can be said of the behavior of human society (though human society is far more complex even than the weather). In some con texts, reasonably reliable and specific short-term predictions can be made, as we noted above in reference to the relationship between interest rates, inflation, and unemployment. Long-term predictions of an imprecise and nonspecific character are often possible; we've already mentioned Bolivar's correct prediction of the failure of stable and "enlightened " government in Spanish America. (Here it is well to note that predictions that something will not work can generally be made with greater confidence than predic tions that something willwork.35) But reliable long-term predictions that are at all specific can seldom be made. There are exceptions. Moore's Law makes a specific prediction about the rate of growth of computing power, and as of 2012 the law has held true for some fifty years.36 But Moore's Law is not an inference derived from an understanding of society, it is simply a description of an empirically 16 ANTI-TECH REVOLUTION observed trend, and no one knows how long the trend will continue. The law may have predictable consequences for many areas of technology, but no one knows in any specific way how all this technology will interact with society as a whole. Though Moore's Law and other empirically observed trends may play a useful role in attempts to foresee the future, it remains true that any effort to understand the development of our society must (to borrow the Britannica's phrases) "remain a tentative process... with frequent recourse to observation and experiment... ." But just in case someone declines to assume that our society includes any important chaotic components, let's suppose for the sake of argument that the development of society could in principle be predicted through the solution of some stupendous system of simultaneous equations and that the necessary numerical data at the required level of precision could actually be collected. No one will claim that the computing power required to solve such a system of equations is currently available. But let's assume that the unimaginably vast computing power predicted by Ray Kurzweil37 will become a reality for some future society, and let's suppose that such a quantity of computing power would be capable of handling the enormous complexity ofthe present society and predicting its development over some substantial interval of time. It does not follow that a future society of that kind would have sufficient computing power to predict its own develop ment, for such a society necessarily would be incomparably more complex than the present one: The complexity of a society will grow right along with its computing power, because the society's computational devices are part of the society. Thoughts? :) ''' Bitcoin, trade wars, nuclear war, off-grid living and Ted Kaczynski Go1dfish undelete link unreddit undelete link Author: MarcBago 1: *e.****up.net/asset*/*892*6/Kac*ynski+A*ti-Te**+R*volution+Wh***nd+How*p*f Unknown links are censored to prevent spreading illicit content.
Abstract As the most successful cryptocurrency to date, Bitcoin constitutes a target of choice for attackers. While many attack vectors have already been uncovered, one important vector has been left out though: attacking the currency via the Internet routing infrastructure itself. Indeed, by manipulating routing advertisements (BGP hijacks) or by naturally intercepting traffic, Autonomous Systems (ASes) can intercept and manipulate a large fraction of Bitcoin traffic. This paper presents the first taxonomy of routing attacks and their impact on Bitcoin, considering both small-scale attacks, targeting individual nodes, and large-scale attacks, targeting the network as a whole. While challenging, we show that two key properties make routing attacks practical: (i) the efficiency of routing manipulation; and (ii) the significant centralization of Bitcoin in terms of mining and routing. Specifically, we find that any network attacker can hijack few (<100) BGP prefixes to isolate ~50% of the mining power---even when considering that mining pools are heavily multi-homed. We also show that on-path network attackers can considerably slow down block propagation by interfering with few key Bitcoin messages. We demonstrate the feasibility of each attack against the deployed Bitcoin software. We also quantify their effectiveness on the current Bitcoin topology using data collected from a Bitcoin supernode combined with BGP routing data. The potential damage to Bitcoin is worrying. By isolating parts of the network or delaying block propagation, attackers can cause a significant amount of mining power to be wasted, leading to revenue losses and enabling a wide range of exploits such as double spending. To prevent such effects in practice, we provide both short and long-term countermeasures, some of which can be deployed immediately. 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Eastman Kodak — The company's stock soared 75 percent in the premarket after saying it has used blockchain — the underlying technology for popular cryptocurrencies like bitcoin — to create a digital photography platform called KodakCoin.
Constellation Brands, Molson Coors — Both beer stocks were initiated with "overweight" ratings at Barclays. Analysts said they expect Constellation Brands will "continue exceeding expectations." They also said they "expect accelerating cash returns to be a material positive" for Molson.
Target — Analysts at Susquehanna upgraded Target to "positive" from "neutral," noting the company's earnings growth is "reaccelerating to a double-digit rate in FY18." They also hiked their price target to $84 a share from $54.
Lennar — The home builder reported fourth-quarter earnings of $1.29 a share, well below the expected $1.48 a share. Lennar shares fell nearly 5 percent in the premarket. The company also posted better-than-expected revenue, however, and said the tax-cut bill passed last month will reduce its effective tax rate to about 25 percent from 34 percent.
Supervalu — Supervalu shares dropped nearly 12 percent after reporting adjusted quarterly earnings of 61 cents a share. The company also said it expects net losses from continuing operations to range between $20 million and $2 million for 2018.
Berkshire Hathaway — Chairman and CEO Warren Buffett appointed Gregory Abel and Ajit Jain as vice chairmen. The move by Buffett comes as questions about who will succeed the legendary investor loom. Buffett, 86, also said he would remain in his role.
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
What is on everyone's radar for today's trading day ahead here at StockMarket?
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