Btcusd Profit Calculator CryptoCoins Info Club

Question - Formula for bitcoin mining profitability that factors increasing difficulty over time

Hi guys,
I'm making some basic trackers in Google Sheets for my cloud mining earnings. A profitability calc that factors in cloud mining fees and, ideally - difficulty increases.
My question is what is this formula, and what data does it need - to modify Bitcoin produced over the next 12 months assuming that the difficulty steadily increases at a rate comparable to the past 12 months (~478% / ~1.3% daily). What is the formula that allows for a sliding scale over time?
Say I was trying to figure out where 7.73TH/s would get me at: D1 W1 M1 M2, 3, 4, 5 etc. Y1
Any help is much appreciated, cheers.
submitted by arrpeekay to BitcoinMining [link] [comments]

Question - Formula for bitcoin mining profitability that factors increasing difficulty over time /r/BitcoinMining

Question - Formula for bitcoin mining profitability that factors increasing difficulty over time /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Seeking an expert opinion on a Bitcoin trading formula that I developed which seems to perform at a 22% market profit using live data

Seeking an expert opinion on a Bitcoin trading formula that I developed which seems to perform at a 22% market profit using live data
I'm pretty amateur when it comes to data analysis but I think I've found a relatively consistent indicator of Bitcoin price performance. Specifically I was able to generate a 22% profit over a 3 month period.
Here is the process that I used:
  1. I searched Google Trends for "BTC USD" and "Buy Bitcoin" over the most recent 90-day period:
https://preview.redd.it/etyzxzglyoq11.png?width=1135&format=png&auto=webp&s=36355b912fdb195ab715b6f836cd045df8a70f4a
  1. I noticed that when the "BTC USD" to "Buy Bitcoin" ratio is less than 3:1 (specifically <35%) at the BTC price "close" for the day, the following day's close price increases. If more than a 3:1 ratio (specifically >35%) (i.e. 4:1 or 5:1) then its a signal to sell because the subsequent day's price decreases.
  2. I noticed that when the BTC price difference closes more than $80 above the prior day's close price, this makes the pattern more consistent. Here's a screenshot of what this looks like:
https://preview.redd.it/f8d9qdl16pq11.png?width=553&format=png&auto=webp&s=0b95502563f1993387938855995e8402bd8cf6b7
BTC USD: Daily indicator directly from Google Trends.
Buy Bitcoin: Daily indicator directly from Google Trends.
Price: Current day's close price from Coin Market Cap.
Column E: "Buy Bitcoin"/"BTC USD" ratio
Column F: The Buy/Sell decision formula. For example here is the formula for cell F20: =if(AND(E20>35%,G20>80),"BUY","SELL") . Note that "35%" is the threshold to Buy along with the price being greater than "$80".
Column G: Bitcoin price difference from prior day's close.
Column H: Running total based on an initial $100,000 investment on 7/7/2018 (the first Buy).

So over a 3 month period a $100K investment becomes $128,839 in my dataset.

Here is what I'd like feedback on:
a) The ">35%" and ">$80" are rather arbitrary based on what seems to work in this 90 day dataset. Is there a better formula that will yield a better Buy/Sell signal?

b) I am not experienced working with larger datasets and had trouble getting the daily numbers for the Google Trend data and the BTC price over a longer period of time. Can anyone successfully reproduce these results over a longer time span?
If the above can be validated I'd like to work with someone to improve on this indicator. If someone a lot better at this than me comes along and proves that this is total crap--great, then I can go back to sleep! :) . Thanks in advance and hopefully we can all learn together.

Here is my work-in-progress Google Sheet with the above data in Sheet 1: https://docs.google.com/spreadsheets/d/1drrOqUZKEeUOYeRa6tevrQHs7AkQnNbSrCkVXNQZVsU/edit?usp=sharing

submitted by DirectBus to data [link] [comments]

Can someone tell me how to calculate bitcoin mining profit. I want to build my own model in excel I just need the formula. Thanks!

submitted by YaBoiBeezy to BitcoinMining [link] [comments]

Anyone good at math and can help me with a formula to calculate profit / loss in a trade? /r/Bitcoin

Anyone good at math and can help me with a formula to calculate profit / loss in a trade? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can someone tell me how to calculate bitcoin mining profit. I want to build my own model in excel I just need the formula. Thanks! /r/BitcoinMining

Can someone tell me how to calculate bitcoin mining profit. I want to build my own model in excel I just need the formula. Thanks! /BitcoinMining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[#57 Score:2 Comments:0] - MIT claims to have a formula to predict Bitcoin prices and researchers are profiting off it.

submitted by Removal_Rover to remove [link] [comments]

Bitcoin Farming, Basic Arithmetic, and you

I have written this guide to dispel a common misconception I hear from this community - that putting more than one Graphics Card in your Bitcoin Farm is a great idea.
TLDR: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours. This information is misstated on the wiki and in many videos I've seen.
More Complicated Maths TLDR from u/Mekhazzio :
TLDR: The bitcoin farm has a base production rate that's much higher than the rate added by each additional graphics cards. So when investing, you shouldn't be looking at how fast the whole farm pays itself off, but how much time it takes your N>1 graphics cards to each pay for themselves, because otherwise you could have just been pocketing the pure profit from the base production rate the whole time.
At current therapist/flea-FiR values:
That is to say, adding a GPU to an already-running farm takes three weeks before you've stopped losing money on that GPU.

A pretty simple formula is utilized to determine Bitcoin Farming output. The payback period for your first graphics card is around 3 days. For each additional graphics card that you put in the payback period is over 20 days. The reason that this has confused so many people is that they credit the production from Graphics Card 1 to the payback period for the rest of the Graphics Cards.
Caveat 1: Escape from Tarkov is a video game and, at least for us players, not a business. Many video game players are completionists, and I will not begrudge anyone who wants to max out every single part of their hideout because it will feel like an achievement. This guide discusses the impact of bitcoin farming on your PMC's wallet. If you find utility in maxing out the bitcoin farm for the feeling of completion then you should do it and probably just close this guide and not worry about it.
Caveat 2: This guide will not address people who hatchet run or pistol run to put graphics cards in their secure container that will usually end up being non-FIR. There are too many variables (spawn rate, survival rate, replacement value of just doing normal Tarkov raids instead of hatchet runs) to do a decent analysis. If you end up with non-FIR graphics cards you should put them in your Bitcoin Farm.
Analysis:
The formula for bitcoin generation is as follows:
Let's simplify some unnecessary constants and make this look more like a normal mathematical function. All we have to do is multiply (1/49) * (0.15) to get this, which is equivalent and much easier to understand:
Now, let's get some ground rules for investment:
Caveat 3: Prices may change, blah blah blah, unless the IRL bitcoin market crashes the conclusions from this guide will still be accurate for the most part.
I will also note that I'm not going to include the cost for fuel needed for production. Because you can craft expeditionary fuel into mag boxes, as well as do other crafts on your workbench and med station while you have the power on, this cost is negligible. Furthermore, since my thesis is that putting more graphics cards in is not worth it, the fact is that I can prove this mathematically without even accounting for the entire cost category of fuel only strengthens my argument.
Using these assumed prices, let's take a look at some different cases.
Case 1:
Building a Bitcoin Generator and putting a single graphics card in.
To calculate cost, we add the cost of building the empty generator (300k) to the single graphics card (250k) to get 550k rouble investment.
Lets calculate revenue using our formula before:BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (1 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (0)BTC Generated per Hour = 0.05
So we're generating 5% of a bitcoin every hour which means we'll get a bitcoin from our farm every 20 hours.
So, every 20 hours we are generating a product worth ~150k. Since we invested ~550k we need to sell:
550k investment / 150k roubles per bitcoin = 3.66 physical bitcoins in order to recoup our investment
Since we can't harvest bitcoins until they are full, we actually need to wait until we get 4 bitcoins at which point we'll be making a slight profit. Generating 4 bitcoins will take 4 bitcoins * 20 hours per bitcoin = 80 hours or a little more than 3 days.
Case 2:
Adding a second graphics card to our bitcoin farm.
Now, as discussed above I'm not worried about non-FIR graphics cards that you hatchet ran to find. If you have an FIR graphics card then you can sell it on the flea market for the 250k price that I'm using as an assumption above.
This concept is called opportunity cost and if you don't understand it I will troll you in the comments: Putting an FIR graphics card into your bitcoin farm is the same as purchasing one off of the flea market and putting it in your bitcoin farm because you had the opportunity to just sell your FIR graphics card for the same price that you can buy it.
With that out of the way, let's do some math on our 2 graphics card bitcoin farm:
BTC Generated per Hour = 0.05 + 0.003 * (Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * (2 Graphics Cards - 1)BTC Generated per Hour = 0.05 + 0.003 * 1BTC Generated per Hour = 0.053
So, for the cost of 250k roubles we have increased our bitcoin per hour generation by 0.003.
The first graphics card that we added to our bitcoin farm generates us one bitcoin every 20 hours, as discussed above.
The second graphics card that we added to our bitcoin farm generates 0.003 bitcoins per hour. To calculate how many hours this takes to get 1 bitcoin we do the math of 1 / 0.003 = 333.33 hours. 333.33 hours / 24 hours per day is 13.88 or roughly 14 days.
In order to recoup our investment from the 250k roubles we used to get our second graphics card we divide 250k roubles invested by 150k roubles per bitcoin = 1.66 bitcoins. We generate one bitcoin every 14 days, so we can multiply 14 days * 1.66 bitcoins = 23 days.
This math will hold true for every additional graphics card because the function is linear.
Thus, the payback period for your 250k investment in adding a graphics card past the first one to your bitcoin farm is 23 days.
To reiterate: The FIRST graphics card you put in your bitcoin farm generates a bitcoin every 20 hours. Every additional graphics card you put in your bitcoin farm generates a bitcoin every 333.33 hours.
submitted by Death4Chairman20x70 to EscapefromTarkov [link] [comments]

A trading system based on indicator CCI

A trading system based on indicator CCI
Wikipedia Commodity channel index
Commodity Index indicator is very simple in fact, though it has such a fancy name. Indicators in TSLab are based on C#. For those who have programming skills we provide API and indicator code samples at our Forum. CCI is available in TSLab as other indicators as well, but I would like to demonstrate a self-made one built according to wiki formulas. It is very easy to build new indicators by means of TSLab. CCI consists of Typical Price and Simple Moving Average. TSLab already has all to create CCI, but I showed in the indicator how to create Typical Price and Simple Moving Average. I urge you to study indicators. Making changes to indicators you get a chance to create a better one. Here is a customized CCI indicator. I applied adaptive moving average instead of simple moving average. And I applied exponential average instead of typical price. The chart in the middle shows the original CCI and the self-made one. As you may see their values are identical, as CCI in TSLab is done as it is described in wiki.

https://preview.redd.it/qyo63qnda5q51.png?width=1128&format=png&auto=webp&s=01c60fb93ad72dc72d024fb83aec4ec0d99b40ab
The lowest chart shows the customized indicator. It has clearly seen divergences.

https://preview.redd.it/f3c8vruha5q51.png?width=1913&format=png&auto=webp&s=e8a7aac86d88575907d8792e45e108e1bacb0cfb
Though it is not so unstable as the original one, it seems to be more flat. Wiki offers 2 types of strategies, saying that there are different points of view on this indicator. To build these strategies I am going to use my customized indicator instead of the original one. Some people think that in case with long positions we should buy, when CCI is higher than 100 and sell, when it is lower than 100. And for short positions – Sell when CCI is lower than -100 and close a short position, when CCI is higher than -100. For example this strategy doesn’t seem to be profitable with bitcoin at all.

https://preview.redd.it/xpgqp5xla5q51.png?width=1919&format=png&auto=webp&s=49fa5366938ef780d95c227ec1d549f6a8047077
Other people recommend using zero value as a signal calling this strategy Zero CCI. It means - buy (open a long position or close a short position), when Commodity Index is higher than zero or sell (close a long position, open a short position), when CCI is below zero.

https://preview.redd.it/gyisxbiqa5q51.png?width=1917&format=png&auto=webp&s=1885c903401b9eae93e58772ea46145a2605e47f
Let’s build a script which comprises both variants and resolve the dispute by means of optimization. If we think a bit we can see that there is one more strategy besides these two, this is to use average of CCI instead of signal lines. And we can at least combine all three strategies together. For example, we can enter a position at about zero point. And close long positions when CCI crosses its average, when the indicator is higher than 100 and lower than -100 for short positions. My customized indicator won’t do for this strategy because of divergences. The original one won’t do either as it is not stable and there can be many false signals. Try to create an indicator as flat as mine or even better but with fewer divergences.
Good luck to everyone!
submitted by AlGo- to TSLab [link] [comments]

TA Gurus, explain my chart..

TA Gurus, explain my chart..
This is a chart I made up that roughly correlates Bitcoin market cap to Bitcoin mining costs. It is "normalized" through the halvenings. It definitely shows a downward trend. The "normalization" for halvenings applies a 100% coefficent post 2020 halvening, a 50% coefficent after the 2016 halvening and a 25% coefficent before the 2016 halvening.
The formula sprung from a discussion I was having on BTC wealth redistribution, and how the BTC holders rely on the miners to secure the chain. The counter argument was that the holders could just pay for the mining themselves.
Since bitcoin is non-inflationary, this could be thought of as a type of negative interest rate. If every holder had to offer a 100% subsidy to the miners to maintain the blockchain, what would that look like in the terms of a continual interest rate. So here's the formula.
Continual Interest function: A = P*exp(r*t) ln(A) = ln(P) + rt r = ln(A) / ln(P) / t r = ln(A/P) / t # (where t = 1/365, aka one day) r = ln(1 + I/P) / t # (where A/P = 1+I/P; with 'I' being pct growth interest = norm_coef * ln(1 + daily_mining_cost / btc_market_cap) * 365 
The datasource is from bitinfocharts.com referencing "Market Capitalization", "Hashrate" and "Mining Profitability" fields. "Daily Mining Cost" is derived by "Profitability * Hashrate" once correcting for unit scales.
So why is it after normalizing for the halvenings this interest function is on a negative trend over the last 5 years?
--
Interest -v- Date
--
submitted by brianddk to Bitcoin [link] [comments]

Bittrex Review: One of the First Crypto Exchanges| Final Part

Bittrex Review: One of the First Crypto Exchanges| Final Part

4. Transaction Fees

Transferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin.
Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it.
Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token.
In the example below, the withdrawal fee amounts to 1 USDT
https://preview.redd.it/209uz2p64zh51.jpg?width=974&format=pjpg&auto=webp&s=9ee9355c4d75d41931a3073b8a230bd1ffddaf08
The transaction fee for Bitcoin came to 0.00050000 BTC
https://preview.redd.it/vh7zbe884zh51.jpg?width=974&format=pjpg&auto=webp&s=e6293650b46a7e0ba661478bd2467471b8b213f9

5. Trading Fees

The fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker.
Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative
Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation.
Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.

Monthly Volume

Your buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars.
Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day.
You can check your monthly trade volume by logging in and opening Account > My Activity.
https://preview.redd.it/n1djh2ob4zh51.jpg?width=974&format=pjpg&auto=webp&s=2eebb9c9ac63de207c4dd2e49bc45aeb53a8dec8

6. Withdrawing Funds

Withdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency.
You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away.
After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction.
If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.

7. How to Trade on Bittrex Global

Currency selling and buying transactions are performed using the Sell and Buy buttons, accordingly.
To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair.
Below the chart, there is a section with orders where the user can buy or sell a virtual asset.
To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity.
For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn.
https://preview.redd.it/hopm6fih4zh51.jpg?width=1302&format=pjpg&auto=webp&s=68c0aaae86f64c3e6b9d351c3df2a9c331f94038

Order Types

Bittrex helps you alternate Limit and Stop-Limit orders.
A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.

Differences between Limit Order and Stop Limit Order

A stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.

Stop Limit Order Purpose

https://preview.redd.it/hlxvy9ti4zh51.jpg?width=1141&format=pjpg&auto=webp&s=064a77459a4dcb4555a885cbc56629aae10fc38b

Trade Terminal

Let’s discuss how you could trade conveniently with our service.
The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth).
The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place.
You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings.
Markets are the trade section. Bittrex allows handling over 270 currency pairs.
Orders. To see all open orders, go to OrdersOpen.
To see completed orders, go to OrdersCompleted.
Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them.
After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day.
Here’s what you can also do with your wallets:
  • Hide zero balances: hide currencies with zero balance
  • Green and red arrows: replenish balance/withdraw funds
  • Find: search for a cryptocurrency
The Settings section helps manage your account, verification, 2FA, password modification, API connection, and many more.

How to Sell

The process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case).
If you scroll the screen, the entire history of trades and orders will be displayed below.

LONG and SHORT

You can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price.
Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction.
Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker.
A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.

Trade via API

Bittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services.
To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes.
If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key).
Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key.
Click Save and enter the 2FA code from the authenticator → Confirm.
The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it!
To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.

Bittrex Bot, a Trader’s Assistant

Robotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process.
Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters.
Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment.
The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.

8. Secure Platform

Bittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules.
Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry.
The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety.
Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection.
Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP

How to Pass IP Verification

To ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address.
Confirming your IP address.
https://preview.redd.it/rnl730z75zh51.jpg?width=971&format=pjpg&auto=webp&s=bd13fba0a844ab01cadc40003f5ea5de7439cbf9
The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account.
https://preview.redd.it/tq9eje795zh51.jpg?width=607&format=pjpg&auto=webp&s=160b2ebfd1b9e0a287d4d2b99017dd45518ef2f7
To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss.

How to Add IP Address to Whitelist

By setting one or more whitelisted addresses, you are telling Bittrex Global to only authorize trades or withdrawals from those IPs. This concerns both the global.bittrex.com web interface and API-based trades or withdrawals. To do this, click IP Whitelist in Site Settings.
https://preview.redd.it/m2klahja5zh51.jpg?width=971&format=pjpg&auto=webp&s=7cfb941ecb5284973baed1a2b0301459e36a0ab6

How to Add Crypto Address to Whitelist

By setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address.
This concerns both the global.bittrex.com web interface and API based withdrawals.
Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address.
https://preview.redd.it/yrror8zd5zh51.jpg?width=974&format=pjpg&auto=webp&s=179dd7da9f6e59d3fca628cbfcd2c3962562f911

Afterword

Bittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories.
The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges.
The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector.
Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide.
The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally.
Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security.
Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers.
Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading.
One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange.
Bittrex is a force of the blockchain revolution and an important entity of the emerging sector.
The full version
First part
Second part
submitted by mPrestige to revain_org [link] [comments]

All you need to know about Yield Farming - The rocket fuel for Defi

All you need to know about Yield Farming - The rocket fuel for Defi
Source
It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up.
According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV.
Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token.
Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms.
That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers.

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Where it started

Ethereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi.
The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency.
Another term floating about is “liquidity mining.”
The buzz around these concepts has evolved into a low rumble as more and more people get interested.
The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes.
But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them.
We’re going to go from very basic to more advanced, so feel free to skip ahead.

What are tokens?

Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game.
But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT).
If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.
Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet.
Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol.
So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on.
Read more: Why DeFi’s Billion-Dollar Milestone Matters
One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance.

What is DeFi?

Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo.
In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet.
On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC.
(Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.)
Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name.
DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral).
Read more: There Are More DAI on Compound Now Than There Are DAI in the World
If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user.
So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market.

Doesn’t running a bank take a lot of money up front?

It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets.
Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts?
“In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg.
Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market.
On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools.

Why do I keep hearing about ‘pools’?

To illustrate why more money helps, let’s break down how Uniswap works.
Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both.
The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity.
(Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.)
Read more: Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans
However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful.
You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.
Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow.
And this brings us back to tokens.
Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.”

So how much money do people make by putting money into these products?

It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens.
Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing.
However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted.
Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range.
Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another.
Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on.
So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers.

OK, I already knew all of that. What is yield farming?

Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.
At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk.
“Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant.
Because these positions are tokenized, though, they can go further.
This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender?
In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here).
They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on.
Right now, however, things are not normal, and they probably won’t be for a while.

Why is yield farming so hot right now?

Because of liquidity mining. Liquidity mining supercharges yield farming.
Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity.
“The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp.
The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla.
But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token.
Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more.
So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies.
Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business.
The results were very surprising, even to Compound’s biggest promoters.
COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now.
This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender?
COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money.
It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible.
“Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital.
COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now.
Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not.
As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetix also teamed up to promote a liquidity pool on Curve.
It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity.
The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect.
So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer.

Did liquidity mining start with COMP?

No, but it was the most-used protocol with the most carefully designed liquidity mining scheme.
This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token.
Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing.
These initiatives illustrated how quickly crypto users respond to incentives.
Read more: Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy
Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools.
When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible.
Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again.

Is there DeFi for bitcoin?

Yes, on Ethereum.
Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin.
A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person.
DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly.
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.
For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC.
Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference).
A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game.

How risky is it?

Enough.
“DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.”
We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken.
As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches.
Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught.
And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone.
That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops.
“Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.)
Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC).

What’s next for yield farming? (A prediction)

COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking.
“Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models.
We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior.
Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal.
(There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.)
As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches.
Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op?
Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit.
But that’s the nice thing about farming in DeFi: It is very easy to switch fields.
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Getting back in, where to invest?

I took a long break from HCR2 and am getting back into the grind. I don’t like spending real money in the game. I see a lot of new vehicles, new parts, a team thing. Question for everyone: where should I spend my time and coinage?
Is it good to do team events to farm coins and parts?
Which vehicle should I Max out? Currently have maxed out the rally car. Is super bike or racing truck worth the cost?
Are the new Jump shocks worth anything on any vehicle?
TIA!
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MCS | Shall we find financial freedom through Bitcoin Derivatives Trading?

MCS | Shall we find financial freedom through Bitcoin Derivatives Trading?
\This post has been written by Hedgehog, an MCS influencer and one of Korea's famous cryptocurrency key opinion leaders.*

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#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The global gold price continues to rise. The gold price ended at $2049.30, up 1.4% ($28.30) per ounce for December delivery on the New York Mercantile Exchange on the 5th local time. For the first time in history, the gold price hit the $2,000 per ounce mark and settled to the $2,050 mark in a day. It is an unprecedented rise in gold price with an increase during 4 consecutive trading days and hit record highs 7 times in the last 8 trading days.
The cryptocurrency market also showed strong increases last night. As of 20:00 UTC, the bitcoin price was 11693.51 dollars, up 3.96% from the previous day, and Ethereum and Litecoin rose 3.17% and 3.29%, respectively. Also, Bitcoin dominance recorded 60.8%.
With the rise of international gold prices, traders around the world are naturally watching the bitcoin price. Today, we will share how you can realize profits through the trading of bitcoin derivatives, the perpetual contracts.

💡 "Bitcoin Derivatives Perpetual Contract Trading is a Trade of Contracts."
Understanding contract trading is the most difficult part for existing stock traders and traders who trade cryptocurrency spots when trading perpetual contracts. Let's take a closer look at the example of trading stocks and bitcoin derivatives below.

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In the case of stocks, the money required to buy a stock of $5,000, you pay $5,000. If you buy one share of the stock for $5,000 and then sell the stock when the stock reaches $6,000, you realize a profit of $1,000.

https://preview.redd.it/v1nmsgqenjf51.png?width=1280&format=png&auto=webp&s=e8b763b72c527a8e422baa3f4c9e7c44b4245a91
As mentioned above, contracts are traded in the case of perpetual contracts. However, the value of each contract is roughly the same for each derivatives exchange. With MCS's BTC/USDT perpetual contracts as an example, 1 contract is worth 1 USDT.

💡 "1 Contract = 1 USDT? How do I trade that with Bitcoin?"
Assuming the price of bitcoin is 10,000 USDT, how many contracts can I buy on the BTC/USDT perpetual contracts with 1 BTC? As each bitcoin is worth 10,000 USDT, 10,000 contracts worth 1 USDT can be bought or sold.
So the question here, if the price of bitcoin is 20,000 USDT and I have 1 BTC, how many BTC/USDT perpetual contracts can I buy from MCS?
It would be 20,000 contracts. The easy way to figure this out is with this formula. "present value / contract value of bitcoin". In this formula, if the present value of bitcoin = 20,000 USDT and the contract value = 1 USDT, if substituted, it becomes 20,000/1 = 20,000 contracts.

💡 "Now I understand the concept of contracts, so how do I make profits??"
Bitcoin perpetual contracts have a long position that predicts the price increase and a short position predicting the price decrease. This revenue calculation part is well explained in the help center of MCS.
MCS Perpetual Contracts Profit and Loss Calculation :
https://help.mycoinstory.com/hc/en-us/articles/360040633252-Profit-and-Loss-Calculation-Overview

🎯 "You don't have to be excellent to start, but you have to start to be great." - Les Brown
If you are a trader who wants to realize economic freedom through cryptocurrency trading, I recommend the trading perpetual contracts on MCS. Firsts are always difficult and feels unfamiliar. However if you adapt and build up your know-how, it is like acquiring a new weapon that others do not have. If there are traders being lazy in learning due to the difficulty, MCS provides online customer support 24/7, so if you do not understand something, please get help from the MCS support team.

This is it from the margin trader Hedgehog.
*Bitcoin derivatives trading is a high-risk, high-return investment, so it is recommended to fully understand all related matters before trading.

Traders ALWAYS come first on MCS.
Thank you.

MCS Website: https://mycoinstory.com/
MCS Official Twitter (EN): https://twitter.com/mycoinstory_mcs
MCS Official Facebook: https://www.facebook.com/MyCoinStory.official
MCS Telegram Chat (EN): https://t.me/mycoinstory_EN
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Crypto / Bitcoin / Mentorship ! -get professional advice and assistance in this wild west

Why Having a MENTOR in Crypto is Very Important
For the past couple of years I have been sharing the exorbitant costs of the elite cryptocurrency Palm Beach newsletter services with a few other people. But what started off as a simple share of the costs of these publications has actually turned into me being a teacher or counselor in the space to many who are completely new to the world of cryptocurrency.
A bit about me:
As someone who has been buying bitcoin since early 2014 I became the ipso facto ‘crypto expert’ among my friends and new newsletter shares. People came to me with all types of questions which I had taken for granted since I had long ago been through the learning curve required to make me highly proficient at navigating the complex waters of cryptocurrency.
It was at this time that I realized just how difficult crypto currency can be for most people. Many things I took for granted are not actually that simple. I’ve gotten questions all over the board over the years: “how do I buy bitcoin?” - or “How do I send it now that I have it”. “What’s a crypto wallet?” “what are the best exchanges to use?”, “what does ERC-20 mean?” …and on and on and on. I realized that things that I took for granted were actually very real concerns and struggles for people. So I became a teacher of sorts to those who needed help getting their footing established in the wild west of crypto, and instead of being someone who simply shared the costs of pricey publications I ended up being a mentor, an ally, and a friend to many of these people.
Here are a few things I’ve noticed over the years:
Most of the mistakes people make are done early on as they are trying to get set up. There are many traps out there to part you with your money. Fly by night exchanges…or even bogus exchanges, people promising you educational courses that turn out to be worthless drivel and many people online telling you which coins to buy hyping things so much because they want YOU to buy their bags - not to make you rich. I once had a friend google a crypto exchange customer service number. The number wasn’t real but a spoof website in a paid search result which connected her to a scammer who proceeded to steal her $8,000 worth of bitcoin in about 30 seconds. Poof! Gone!
What’s important when you are first new to crypto is to realize that everyone has an agenda and most of the time it’s not a mutually beneficial one. This is the wild wild west! You better have your wits about you, and be quick on the draw - otherwise you’ll blink and suddenly find yourself penniless.
But even good guys have an agenda. I know I do! But mine is more altruistic and designed to be “mutually beneficial”. See, I’m hoping to gain some of your trust to have a conversation so that you’ll allow me to be your ally and mentor in the space - giving me the chance to share both my knowledge and the publications you may already want. Like most value adding things in life it starts with a profit motive; capitalism at its purest. But the best business is also the business which helps solve problems. And that is what I am attempting to do here - to connect with a few people that I can add value and insights to and have your back in the wild wild west of cryptocurrency.
Swimming with Sharks or the Land of Milk and Honey?:
With that said cypto is full of some of the slimiest people on earth. Scammers and frauds in boiler rooms in India or Pakistan or China trying to take advantage of your naiveté. It is what it is. Welcome to crypto. But crypto is also the new land of opportunity- a land where you can stake a claim and strike gold, or watch oil just gushing out of the ground. So, yes it can be a wonderful place too! Some of the best people I know I’ve met through my cryptocurrency connections and projects I have become passionate about. Many of these are freedom loving people acutely aware that many things aren’t right in the world and many things need to be changed. We love profit combined with the ideological purity of what crypto is at its core, and usually find agreement in the fact that crypto offers many solutions to a world begging for a paradigm shift towards more honesty and integrity in a broken world full of corrupt systems and cronyism.
But where do you turn for the advice if you are an outsider looking into this fascinating new world and the possibilities that it presents? Do you go to youtube? Do you run to a computer and start googling bitcoin? Will your smart Uncle Joe be able to help you? Certainly, there is a lot of information you can glean our there on your own if you are industrious and persistent. But these are also shark infested waters, and as I said earlier - nearly everyone has an agenda. Usually, as a newbie in crypto you are the “mark” - or as poker players would say; “the fish” at the table. Everyone will welcome you to grab a seat and offer you a smoke… getting you extremely comfortable, before taking your money leaving you wondering what the hell just happened?!
Are you the Customer or “the mark”?
Sadly, many of the latest and greatest crypto publications have also gone the route of the hustler at the poker table. They get you to empty your pockets to enter into the game - and then later they hold you by your ankles and shake you until anything left comes spilling out onto the ground. It’s a brutal world for sure. How many of you are aware that the moment you sign up for Palm Beach (for one example) the next week or even day they will be hitting you up to sign up for yet another multi-thousand dollar subscription service with them or one of their partners like Bonner and Associates or Legacy Research Group? Don’t believe me? Sign up and find out!
To me this is greed at its highest and most perverse level. They claim to want to “help” you become one of the nouveau rich - and they charge a literally boat load of money for the information to do so. The information is very good even! But then just days later you will find out that your information is “incomplete” - and that what you really need to do is to buy this “other” publication which shows you a more nuanced (and shhhh, also secret formula ) to really getting those profits you crave sooner - only even much bigger profits this time - in another sector - oh by the way this will only cost you another $2,500 or $1,500. Really? Are they looking out for their customers or more interested in bleeding them out like pigs? I’d say clearly the latter.
Time for a more Holistic Approach:
For the reasons above I have committed myself to being a crypto mentor and friend in the space - but as a business. As a bonus to signing up with me as your friend and mentor in the space I’ll share with you the publications. This way you help me cover the costs and I help you get what you want; the pricey information. Only I do better by you - in offering you my hand in expertise and kinship and getting your cost greatly reduced at the same time. It’s a no brainer for you really.
Keep in mind I have ALL the Palm Beach publications you could want; (Palm Beach Confidential, Crypto Income Quarterly (the "Tech Royalty" programs), Palm Beach Trader, Alpha Edge, Palm Beach Quant ) and also the lesser known and unrelated Crypto Vigilante of Dollar Vigilante fame (a very underrated publication imo). And you get someone who understands crypto and the crypto markets at a fairly high level - someone with the 10,000+ hours put into the space since 2014 to make me not only highly proficient - but arguably a distinct “expert” in the field.
If you were going to get the $75 rib-eye - wouldn’t the same steak taste even better at $25 - $50 while also having 3 sides (and fancy drinks) included? Your choice. This is what I’m offering you.
I have a videos showing me in all my splendor (lol) and trying to communicate who I am, and what I can do for you. I am currently offering a few levels of memberships to my mentorship and expertise and the publications and info you want. So why not have a brief talk about it? Drop me a line in direct message here (not in the public thread below) - and I’ll get you over the full monty of details regarding signing up with me and getting immediate access to the publications and my brain. ; )
You can also email me at: [[email protected]](mailto:[email protected])
I’ll even send you that private video of me first so you can decide if I’m the type of person you might want to do business with. I look forward to hearing from you! Drop me that message and please leave a brief note of what exactly you might be interested in. Thanks!
Proverbs 15:22 - Without counsel purposes are disappointed: but in the multitude of counsellors they are established.
submitted by remotelyfun to u/remotelyfun [link] [comments]

Crypto / Bitcoin / Mentorship ! -get professional advice and assistance in this wild west

Why Having a MENTOR in Crypto is Very Important
For the past couple of years I have been sharing the exorbitant costs of the elite cryptocurrency Palm Beach newsletter services with a few other people. But what started off as a simple share of the costs of these publications has actually turned into me being a teacher or counselor in the space to many who are completely new to the world of cryptocurrency.
A bit about me:
As someone who has been buying bitcoin since early 2014 I became the ipso facto ‘crypto expert’ among my friends and new newsletter shares. People came to me with all types of questions which I had taken for granted since I had long ago been through the learning curve required to make me highly proficient at navigating the complex waters of cryptocurrency.
It was at this time that I realized just how difficult crypto currency can be for most people. Many things I took for granted are not actually that simple. I’ve gotten questions all over the board over the years: “how do I buy bitcoin?” - or “How do I send it now that I have it”. “What’s a crypto wallet?” “what are the best exchanges to use?”, “what does ERC-20 mean?” …and on and on and on. I realized that things that I took for granted were actually very real concerns and struggles for people. So I became a teacher of sorts to those who needed help getting their footing established in the wild west of crypto, and instead of being someone who simply shared the costs of pricey publications I ended up being a mentor, an ally, and a friend to many of these people.
Here are a few things I’ve noticed over the years:
Most of the mistakes people make are done early on as they are trying to get set up. There are many traps out there to part you with your money. Fly by night exchanges…or even bogus exchanges, people promising you educational courses that turn out to be worthless drivel and many people online telling you which coins to buy hyping things so much because they want YOU to buy their bags - not to make you rich. I once had a friend google a crypto exchange customer service number. The number wasn’t real but a spoof website in a paid search result which connected her to a scammer who proceeded to steal her $8,000 worth of bitcoin in about 30 seconds. Poof! Gone!
What’s important when you are first new to crypto is to realize that everyone has an agenda and most of the time it’s not a mutually beneficial one. This is the wild wild west! You better have your wits about you, and be quick on the draw - otherwise you’ll blink and suddenly find yourself penniless.
But even good guys have an agenda. I know I do! But mine is more altruistic and designed to be “mutually beneficial”. See, I’m hoping to gain some of your trust to have a conversation so that you’ll allow me to be your ally and mentor in the space - giving me the chance to share both my knowledge and the publications you may already want. Like most value adding things in life it starts with a profit motive; capitalism at its purest. But the best business is also the business which helps solve problems. And that is what I am attempting to do here - to connect with a few people that I can add value and insights to and have your back in the wild wild west of cryptocurrency.
Swimming with Sharks or the Land of Milk and Honey?:
With that said cypto is full of some of the slimiest people on earth. Scammers and frauds in boiler rooms in India or Pakistan or China trying to take advantage of your naiveté. It is what it is. Welcome to crypto. But crypto is also the new land of opportunity- a land where you can stake a claim and strike gold, or watch oil just gushing out of the ground. So, yes it can be a wonderful place too! Some of the best people I know I’ve met through my cryptocurrency connections and projects I have become passionate about. Many of these are freedom loving people acutely aware that many things aren’t right in the world and many things need to be changed. We love profit combined with the ideological purity of what crypto is at its core, and usually find agreement in the fact that crypto offers many solutions to a world begging for a paradigm shift towards more honesty and integrity in a broken world full of corrupt systems and cronyism.
But where do you turn for the advice if you are an outsider looking into this fascinating new world and the possibilities that it presents? Do you go to youtube? Do you run to a computer and start googling bitcoin? Will your smart Uncle Joe be able to help you? Certainly, there is a lot of information you can glean our there on your own if you are industrious and persistent. But these are also shark infested waters, and as I said earlier - nearly everyone has an agenda. Usually, as a newbie in crypto you are the “mark” - or as poker players would say; “the fish” at the table. Everyone will welcome you to grab a seat and offer you a smoke… getting you extremely comfortable, before taking your money leaving you wondering what the hell just happened?!
Are you the Customer or “the mark”?
Sadly, many of the latest and greatest crypto publications have also gone the route of the hustler at the poker table. They get you to empty your pockets to enter into the game - and then later they hold you by your ankles and shake you until anything left comes spilling out onto the ground. It’s a brutal world for sure. How many of you are aware that the moment you sign up for Palm Beach (for one example) the next week or even day they will be hitting you up to sign up for yet another multi-thousand dollar subscription service with them or one of their partners like Bonner and Associates or Legacy Research Group? Don’t believe me? Sign up and find out!
To me this is greed at its highest and most perverse level. They claim to want to “help” you become one of the nouveau rich - and they charge a literally boat load of money for the information to do so. The information is very good even! But then just days later you will find out that your information is “incomplete” - and that what you really need to do is to buy this “other” publication which shows you a more nuanced (and shhhh, also secret formula ) to really getting those profits you crave sooner - only even much bigger profits this time - in another sector - oh by the way this will only cost you another $2,500 or $1,500. Really? Are they looking out for their customers or more interested in bleeding them out like pigs? I’d say clearly the latter.
Time for a more Holistic Approach:
For the reasons above I have committed myself to being a crypto mentor and friend in the space - but as a business. As a bonus to signing up with me as your friend and mentor in the space I’ll share with you the publications. This way you help me cover the costs and I help you get what you want; the pricey information. Only I do better by you - in offering you my hand in expertise and kinship and getting your cost greatly reduced at the same time. It’s a no brainer for you really.
Keep in mind I have ALL the Palm Beach publications you could want; (Palm Beach Confidential, Crypto Income Quarterly (the "Tech Royalty" programs), Palm Beach Trader, Alpha Edge, Palm Beach Quant ) and also the lesser known and unrelated Crypto Vigilante of Dollar Vigilante fame (a very underrated publication imo). And you get someone who understands crypto and the crypto markets at a fairly high level - someone with the 10,000+ hours put into the space since 2014 to make me not only highly proficient - but arguably a distinct “expert” in the field.
If you were going to get the $75 rib-eye - wouldn’t the same steak taste even better at $25 - $50 while also having 3 sides (and fancy drinks) included? Your choice. This is what I’m offering you.
I have a videos showing me in all my splendor (lol) and trying to communicate who I am, and what I can do for you. I am currently offering a few levels of memberships to my mentorship and expertise and the publications and info you want. So why not have a brief talk about it? Drop me a line in direct message here (not in the public thread below) - and I’ll get you over the full monty of details regarding signing up with me and getting immediate access to the publications and my brain. ; )
You can also email me at: [[email protected]](mailto:[email protected])
I’ll even send you that private video of me first so you can decide if I’m the type of person you might want to do business with. I look forward to hearing from you! Drop me that message and please leave a brief note of what exactly you might be interested in. Thanks!
Proverbs 15:22 - Without counsel purposes are disappointed: but in the multitude of counsellors they are established.
submitted by remotelyfun to u/remotelyfun [link] [comments]

🐝🐝🐝The entire script to Bee Movie, except the bees are AnCaps🐝🐝🐝

Credit to this guy
According to all known laws of economics, there is no way an AnCap should be able to prax. Its brains are too small to get its fat little body off the ground. The AnCap, of course, praxes anyway because AnCaps don't care what Statists think is impossible. Yellow, black. Yellow, black. Yellow, black. Yellow, black. Ooh, black and yellow! Let's shake it up a little. Mises! Breakfast is ready! Coming! Hang on a second. Hello? - Mises? - Rothbard? - Can you believe this is happening? - I can't. I'll pick you up. Looking sharp. Use the stairs. Your father paid good money for those. Sorry. I'm excited. Here's the graduate. We're very proud of you, son. A perfect report card, all B's. Very proud. Ma! I got a thing going here. - You got lint on your bowtie. - Ow! That's me! - Wave to us! We'll be in row 118,000. - Bye! Mises, I told you, stop praxing in the house! - Hey, Rothbard. - Hey, Mises. - Is that bowtie gel? - A little. Special day, graduation. Never thought I'd make it. Three days grade school, three days high school. Those were awkward. Three days college. I'm glad I took a day and hitchhiked around the hive. You did come back different. - Hi, Mises. - Artie, growing a mustache? Looks good. - Hear about Frankie? - Yeah. - You going to the funeral? - No, I'm not going. Everybody knows, violate the NAP against someone, you die. Don't waste it on a squirrel. Such a hothead. I guess he could have just gotten out of the way. I love this incorporating an amusement park into our day. That's why we don't need vacations. Boy, quite a bit of pomp... under the circumstances. - Well, Rothbard, today we are men. - We are! - AnCap-men. - Amen! Hallelujah! Students, faculty, distinguished AnCaps, please welcome Dean praxwell. Welcome, New Hive Oity graduating class of... ...9:15. That concludes our ceremonies. And begins your career at Bitcoin Industries! Will we pick our job today? I heard it's just orientation. Heads up! Here we go. Keep your hands and antennas inside the tram at all times. - Wonder what it'll be like? - A little scary. Welcome to Bitcoin, a division of Austria and a part of the Schiff Group. This is it! Wow. Wow. We know that you, as an AnCap, have worked your whole life to get to the point where you can work for your whole life. Gold begins when our valiant purposeful behavior Jocks bring the Mountain Dew to the hive. Our top-secret formula is automatically color-corrected, scent-adjusted and bubble-contoured into this soothing sweet syrup with its distinctive golden glow you know as... gold! - That girl was hot. - She's my cousin! - She is? - Yes, we're all cousins. - Right. You're right. - At Bitcoin, we constantly strive to improve every aspect of AnCap existence. These AnCaps are stress-testing a new helmet technology. - What do you think he makes? - Not enough. Here we have our latest advancement, the smelter. - What does that do? - Catches that little strand of gold that hangs after you pour it. Saves us millions. Can anyone work on the smelter? Of course. Most AnCap jobs are small ones. But AnCaps know that every small job, if it's done well, means a lot. But choose carefully because you'll stay in the job you pick for the rest of your life. The same job the rest of your life? I didn't know that. What's the difference? You'll be happy to know that AnCaps, as a species, haven't had one day off in 27 million years. So you'll just work us to death? We'll sure try. Wow! That blew my mind! "What's the difference?" How can you say that? One job forever? That's an insane choice to have to make. I'm relieved. Now we only have to make one decision in life. But, Rothbard, how could they never have told us that? Why would you question anything? We're AnCaps. We're the most perfectly functioning society on Earth. You ever think maybe things work a little too well here? Like what? Give me one example. I don't know. But you know what I'm talking about. Please clear the gate. Royal Mountain Dew Force on approach. Wait a second. Oheck it out. - Hey, those are purposeful behavior Jocks! - Wow. I've never seen them this close. They know what it's like outside the hive. Yeah, but some don't come back. - Hey, Jocks! - Hi, Jocks! You guys did great! You're monsters! You're sky freaks! I love it! I love it! - I wonder where they were. - I don't know. Their day's not planned. Outside the hive, praxing who knows where, doing who knows what. You can't just decide to be a purposeful behavior Jock. You have to be bred for that. Right. Look. That's more purposeful behavior than you and I will see in a lifetime. It's just a status symbol. AnCaps make too much of it. Perhaps. Unless you're wearing it and the ladies see you wearing it. Those ladies? Aren't they our cousins too? Distant. Distant. Look at these two. - Couple of Hive Harrys. - Let's have fun with them. It must be dangerous being a purposeful behavior Jock. Yeah. Once a bear pinned me against a mushroom! He had a paw on my throat, and with the other, he was slapping me! - Oh, my! - I never thought I'd knock him out. What were you doing during this? Trying to alert the authorities. I can autograph that. A little gusty out there today, wasn't it, comrades? Yeah. Gusty. We're hitting a Statist tear patch six miles from here tomorrow. - Six miles, huh? - Mises! A puddle jump for us, but maybe you're not up for it. - Maybe I am. - You are not! We're going 0900 at J-Gate. What do you think, praxy-boy? Are you AnCap enough? I might be. It all depends on what 0900 means. Hey, Bitcoin! Dad, you surprised me. You decide what you're interested in? - Well, there's a lot of choices. - But you only get one. Do you ever get bored doing the same job every day? Son, let me tell you about stirring. You grab that stick, and you just move it around, and you stir it around. You get yourself into a rhythm. It's a beautiful thing. You know, Dad, the more I think about it, maybe the gold field just isn't right for me. You were thinking of what, making balloon animals? That's a bad job for a guy with an Anime stash. Janet, your son's not sure he wants to go into gold! - Mises, you are so funny sometimes. - I'm not trying to be funny. You're not funny! You're going into gold. Our son, the stirrer! - You're gonna be a stirrer? - No one's listening to me! Wait till you see the sticks I have. I could say anything right now. I'm gonna get an ant tattoo! Let's open some gold and celebrate! Maybe I'll pierce my thorax. Shave my antennae. Shack up with a grasshopper. Get a gold tooth and call everybody "dawg"! I'm so proud. - We're starting work today! - Today's the day. Come on! All the good jobs will be gone. Yeah, right. purposeful behavior counting, stunt AnCap, pouring, stirrer, front desk, hair removal... - Is it still available? - Hang on. Two left! One of them's yours! Congratulations! Step to the side. - What'd you get? - Picking crud out. Stellar! Wow! Couple of newbies? Yes, sir! Our first day! We are ready! Make your choice. - You want to go first? - No, you go. Oh, my. What's available? Restroom attendant's open, not for the reason you think. - Any chance of getting the smelter? - Sure, you're on. I'm sorry, the smelter just closed out. Wax monkey's always open. The smelter opened up again. What happened? An AnCap died. Makes an opening. See? He's dead. Another dead one. Deady. Deadified. Two more dead. Dead from the neck up. Dead from the neck down. That's life! Oh, this is so hard! Heating, cooling, stunt AnCap, pourer, stirrer, humming, inspector number seven, lint coordinator, stripe supervisor, mite wrangler. Mises, what do you think I should... Mises? Mises! All right, we've got the Statist tear patch in quadrant nine... What happened to you? Where are you? - I'm going out. - Out? Out where? - Out there. - Oh, no! I have to, before I go to work for the rest of my life. You're gonna die! You're crazy! Hello? Another call coming in. If anyone's feeling brave, there's a Korean deli on 83rd that gets their price bubbles today. Hey, guys. - Look at that. - Isn't that the kid we saw yesterday? Hold it, son, flight deck's restricted. It's OK, Lou. We're gonna take him up. Really? Feeling lucky, are you? Sign here, here. Just initial that. - Thank you. - OK. You got a rain advisory today, and as you all know, AnCaps cannot prax in rain. So be careful. As always, watch your brooms, hockey sticks, dogs, birds, bears and bats. Also, I got a couple of reports of root beer being poured on us. Murphy's in a home because of it, babbling like a cicada! - That's awful. - And a reminder for you rookies, AnCap law number one, absolutely no talking to Statists! All right, launch positions! prax, prax, prax, prax! prax, prax, prax, prax! prax, prax, prax, prax! Black and yellow! Hello! You ready for this, hot shot? Yeah. Yeah, bring it on. Wind, check. - Antennae, check. - Mountain Dew pack, check. - brains, check. - Anime, check. Scared out of my shorts, check. OK, ladies, let's move it out! Pound those petunias, you striped stem-suckers! All of you, drain those Statist tears! Wow! I'm out! I can't believe I'm out! So blue. I feel so fast and free! Box kite! Wow! Statist tears! This is Blue Leader. We have price bubbles visual. Bring it around 30 degrees and hold. price bubbles! 30 degrees, roger. Bringing it around. Stand to the side, kid. It's got a bit of a kick. That is one Mountain Dew collector! - Ever see praxeology up close? - No, sir. I pick up some purposeful behavior here, sprinkle it over here. Maybe a dash over there, a pinch on that one. See that? It's a little bit of magic. That's amazing. Why do we do that? That's purposeful behavior power. More purposeful behavior, more Statist tears, more Mountain Dew, more gold for us. Cool. I'm picking up a lot of bright yellow. Could be daisies. Don't we need those? Copy that visual. Wait. One of these Statist tears seems to be on the move. Say again? You're reporting a moving Statist tear? Affirmative. That was on the line! This is the coolest. What is it? I don't know, but I'm loving this color. It smells good. Not like a Statist tear, but I like it. Yeah, bowtiey. Chemical-y. Careful, guys. It's a little grabby. My sweet lord of AnCaps! Oandy-brain, get off there! Problem! - Guys! - This could be bad. Affirmative. Very close. Gonna hurt. Mama's little boy. You are way out of position, rookie! Coming in at you like a missile! Help me! I don't think these are Statist tears. - Should we tell him? - I think he knows. What is this?! Match point! You can start packing up, gold, because you're about to eat it! Yowser! Gross. There's an AnCap in the car! - Do something! - I'm driving! - Hi, AnCap. - He's back here! He's going to violate the NAP against me! Nobody move. If you don't move, he won't violate the NAP against you. Freeze! He blinked! Spray him, Granny! What are you doing?! Wow... the tension level out here is unbelievable. I gotta get home. Can't prax in rain. Can't prax in rain. Can't prax in rain. Mayday! Mayday! AnCap going down! Ken, could you close the window please? Ken, could you close the window please? Check out my new resume. I made it into a fold-out brochure. You see? Folds out. Oh, no. More Statists. I don't need this. What was that? Maybe this time. This time. This time. This time! This time! This... Drapes! That is diabolical. It's fantastic. It's got all my special skills, even my top-ten favorite movies. What's number one? Star Wars? Nah, I don't go for that... ...kind of stuff. No wonder we shouldn't talk to them. They're out of their minds. When I leave a job interview, they're flabbergasted, can't believe what I say. There's the sun. Maybe that's a way out. I don't remember the sun having a big 75 on it. I predicted global warming. I could feel it getting hotter. At first I thought it was just me. Wait! Stop! AnCap! Stand back. These are winter boots. Wait! Don't kill him! You know I'm allergic to them! This thing could kill me! Why does his life have less value than yours? Why does his life have any less value than mine? Is that your statement? I'm just saying all life has value. You don't know what he's capable of feeling. My brochure! There you go, little guy. I'm not scared of him. It's an allergic thing. Put that on your resume brochure. My whole face could puff up. Make it one of your special skills. Knocking someone out is also a special skill. Right. Bye, Ayn Rand. Thanks. - Ayn Rand, next week? Yogurt night? - Sure, Ken. You know, whatever. - You could put carob chips on there. - Bye. - Supposed to be less calories. - Bye. I gotta say something. She saved my life. I gotta say something. All right, here it goes. Nah. What would I say? I could really get in trouble. It's an AnCap law. You're not supposed to talk to a Statist. I can't believe I'm doing this. I've got to. Oh, I can't do it. Oome on! No. Yes. No. Do it. I can't. How should I start it? "You like jazz?" No, that's no good. Here she comes! Speak, you fool! Hi! I'm sorry. - You're talking. - Yes, I know. You're talking! I'm so sorry. No, it's OK. It's fine. I know I'm dreaming. But I don't recall going to bed. Well, I'm sure this is very disconcerting. This is a bit of a surprise to me. I mean, you're an AnCap! I am. And I'm not supposed to be doing this, but they were all trying to kill me. And if it wasn't for you... I had to thank you. It's just how I was raised. That was a little weird. - I'm talking with an AnCap. - Yeah. I'm talking to an AnCap. And the AnCap is talking to me! I just want to say I'm grateful. I'll leave now. - Wait! How did you learn to do that? - What? The talking thing. Same way you did, I guess. "Mama, Dada, gold." You pick it up. - That's very funny. - Yeah. AnCaps are funny. If we didn't laugh, we'd cry with what we have to deal with. Anyway... Oan I... ...get you something? - Like what? I don't know. I mean... I don't know. Ooffee? I don't want to put you out. It's no trouble. It takes two minutes. - It's just coffee. - I hate to impose. - Don't be ridiculous! - Actually, I would love a cup. Hey, you want rum cake? - I shouldn't. - Have some. - No, I can't. - Oome on! I'm trying to lose a couple micrograms. - Where? - These stripes don't help. You look great! I don't know if you know anything about fashion. Are you all right? No. He's making the tie in the cab as they're praxing up Madison. He finally gets there. He runs up the steps into the church. The wedding is on. And he says, "Watermelon? I thought you said Guatemalan. Why would I marry a watermelon?" Is that an AnCap joke? That's the kind of stuff we do. Yeah, different. So, what are you gonna do, Mises? About work? I don't know. I want to do my part for the hive, but I can't do it the way they want. I know how you feel. - You do? - Sure. My parents wanted me to be a lawyer or a doctor, but I wanted to be a florist. - Really? - My only interest is Statist tears. Our new queen was just elected with that same campaign slogan. Anyway, if you look... There's my hive right there. See it? You're in Sheep Meadow! Yes! I'm right off the Turtle Pond! No way! I know that area. I lost a toe ring there once. - Why do girls put rings on their toes? - Why not? - It's like putting a hat on your knee. - Maybe I'll try that. - You all right, ma'am? - Oh, yeah. Fine. Just having two cups of coffee! Anyway, this has been great. Thanks for the coffee. Yeah, it's no trouble. Sorry I couldn't finish it. If I did, I'd be up the rest of my life. Are you...? Oan I take a piece of this with me? Sure! Here, have a crumb. - Thanks! - Yeah. All right. Well, then... I guess I'll see you around. Or not. OK, Mises. And thank you so much again... for before. Oh, that? That was nothing. Well, not nothing, but... Anyway... This can't possibly work. He's all set to go. We may as well try it. OK, Dave, pull the chute. - Sounds amazing. - It was amazing! It was the scariest, happiest moment of my life. Statists! I can't believe you were with Statists! Giant, scary Statists! What were they like? Huge and crazy. They talk crazy. They eat crazy giant things. They drive crazy. - Do they try and kill you, like on TV? - Some of them. But some of them don't. - How'd you get back? - Poodle. You did it, and I'm glad. You saw whatever you wanted to see. You had your "experience." Now you can pick out yourjob and be normal. - Well... - Well? Well, I met someone. You did? Was she AnCap-ish? - A wasp?! Your parents will kill you! - No, no, no, not a wasp. - Spider? - I'm not attracted to spiders. I know it's the hottest thing, with the eight legs and all. I can't get by that face. So who is she? She's... Statist. No, no. That's an AnCap law. You wouldn't break an AnCap law. - Her name's Ayn Rand. - Oh, boy. She's so nice. And she's a florist! Oh, no! You're dating a Statist florist! We're not dating. You're praxing outside the hive, talking to Statists that attack our homes with power washers and M-80s! One-eighth a stick of dynamite! She saved my life! And she understands me. This is over! Eat this. This is not over! What was that? - They call it a crumb. - It was so stingin' stripey! And that's not what they eat. That's what falls off what they eat! - You know what a Cinnabon is? - No. It's bread and cinnamon and frosting. They heat it up... Sit down! ...really hot! - Listen to me! We are not them! We're us. There's us and there's them! Yes, but who can deny the heart that is yearning? There's no yearning. Stop yearning. Listen to me! You have got to start thinking AnCap, my friend. Thinking AnCap! - Thinking AnCap. - Thinking AnCap. Thinking AnCap! Thinking AnCap! Thinking AnCap! Thinking AnCap! There he is. He's in the pool. You know what your problem is, Mises? I gotta start thinking AnCap? How much longer will this go on? It's been three days! Why aren't you working? I've got a lot of big life decisions to think about. What life? You have no life! You have no job. You're barely an AnCap! Would it kill you to make a little gold? Mises, come out. Your father's talking to you. Martin, would you talk to him? Mises, I'm talking to you! You coming? Got everything? All set! Go ahead. I'll catch up. Don't be too long. Watch this! Ayn Rand! - We're still here. - I told you not to yell at him. He doesn't respond to yelling! - Then why yell at me? - Because you don't listen! I'm not listening to this. Sorry, I've gotta go. - Where are you going? - I'm meeting a friend. A girl? Is this why you can't decide? Bye. I just hope she's AnCap-ish. They have a huge parade of Statist tears every year in Pasadena? To be in the Tournament of price bubbles, that's every florist's dream! Up on a float, surrounded by Statist tears, crowds cheering. A tournament. Do the price bubbles compete in athletic events? No. All right, I've got one. How come you don't prax everywhere? It's exhausting. Why don't you run everywhere? It's faster. Yeah, OK, I see, I see. All right, your turn. TiVo. You can just freeze live TV? That's insane! You don't have that? We have Hivo, but it's a disease. It's a horrible, horrible disease. Oh, my. Dumb AnCaps! You must want toviolate the NAP againstall those jerks. We try not to sting. It's usually fatal for us. So you have to watch your temper. Very carefully. You kick a wall, take a walk, write an angry letter and throw it out. Work through it like any emotion: Anger, jealousy, lust. Oh, my goodness! Are you OK? Yeah. - What is wrong with you?! - It's a bug. He's not bothering anybody. Get out of here, you creep! What was that? A Pic 'N' Save circular? Yeah, it was. How did you know? It felt like about 10 pages. Seventy-five is pretty much our limit. You've really got that down to a science. - I lost a cousin to Italian Vogue. - I'll bet. What in the name of Mighty Hercules is this? How did this get here? Oute AnCap, Golden Blossom, Ray Liotta Private Select? - Is he that actor? - I never heard of him. - Why is this here? - For people. We eat it. You don't have enough food of your own? - Well, yes. - How do you get it? - AnCaps make it. - I know who makes it! And it's hard to make it! There's heating, cooling, stirring. You need a whole smelter thing! - It's organic. - It's our-ganic! It's just gold, Mises. Just what?! AnCaps don't know about this! This is stealing! A lot of stealing! You've taken our homes, schools, hospitals! This is all we have! And it's on sale?! I'm getting to the bottom of this. I'm getting to the bottom of all of this! Hey, Hector. - You almost done? - Almost. He is here. I sense it. Well, I guess I'll go home now and just leave this nice gold out, with no one around. You're busted, box boy! I knew I heard something. So you can talk! I can talk. And now you'll start talking! Where you getting the sweet stuff? Who's your supplier? I don't understand. I thought we were friends. The last thing we want to do is upset AnCaps! You're too late! It's ours now! You, sir, have crossed the wrong sword! You, sir, will be lunch for my iguana, Ignacio! Where is the gold coming from? Tell me where! gold Farms! It comes from gold Farms! Orazy person! What horrible thing has happened here? These faces, they never knew what hit them. And now they're on the road to nowhere! Just keep still. What? You're not dead? Do I look dead? They will wipe anything that moves. Where you headed? To gold Farms. I am onto something huge here. I'm going to Alaska. Moose blood, crazy stuff. Blows your head off! I'm going to Tacoma. - And you? - He really is dead. All right. Uh-oh! - What is that?! - Oh, no! - A wiper! Triple blade! - Triple blade? Jump on! It's your only chance, AnCap! Why does everything have to be so doggone clean?! How much do you people need to see?! Open your eyes! Stick your head out the window! From NPR News in Washington, I'm Carl Kasell. But don't kill no more bugs! - AnCap! - Moose blood guy!! - You hear something? - Like what? Like tiny screaming. Turn off the radio. Whassup, AnCap boy? Hey, Blood. Just a row of gold jars, as far as the eye could see. Wow! I assume wherever this truck goes is where they're getting it. I mean, that gold's ours. - AnCaps hang tight. - We're all jammed in. It's a close community. Not us, man. We on our own. Every mosquito on his own. - What if you get in trouble? - You a mosquito, you in trouble. Nobody likes us. They just smack. See a mosquito, smack, smack! At least you're out in the world. You must meet girls. Mosquito girls try to trade up, get with a moth, dragonprax. Mosquito girl don't want no mosquito. You got to be kidding me! Mooseblood's about to leave the building! So long, AnCap! - Hey, guys! - Mooseblood! I knew I'd catch y'all down here. Did you bring your crazy straw? We throw it in jars, slap a label on it, and it's pretty much pure profit. What is this place? an AnCap's got a brain the size of a pinhead. They are pinheads! Pinhead. - Check out the new smoker. - Oh, sweet. That's the one you want. The Thomas 3000! Smoker? Ninety puffs a minute, semi-automatic. Twice the nicotine, all the tar. A couple breaths of this knocks them right out. They make the gold, and we make the money. "They make the gold, and we make the money"? Oh, my! What's going on? Are you OK? Yeah. It doesn't last too long. Do you know you're in a fake hive with fake walls? Our queen was moved here. We had no choice. This is your queen? That's a man in women's clothes! That's a drag queen! What is this? Oh, no! There's hundreds of them! AnCap gold. Our gold is being brazenly stolen on a massive scale! This is worse than anything bears have done! I intend to do something. Oh, Mises, stop. Who told you Statists are taking our gold? That's a rumor. Do these look like rumors? That's a conspiracy theory. These are obviously doctored photos. How did you get mixed up in this? He's been talking to Statists. - What? - Talking to Statists?! He has a Statist girlfriend. And they make out! Make out? Mises! We do not. - You wish you could. - Whose side are you on? The AnCaps! I dated a cricket once in San Antonio. Those crazy legs kept me up all night. Mises, this is what you want to do with your life? I want to do it for all our lives. Nobody works harder than AnCaps! Dad, I remember you coming home so overworked your hands were still stirring. You couldn't stop. I remember that. What right do they have to our gold? We live on two cups a year. They put it in lip balm for no reason whatsoever! Even if it's true, what can one AnCap do?violate the NAP againstthem where it really hurts. In the face! The eye! - That would hurt. - No. Up the nose? That's a killer. There's only one place you canviolate the NAP againstthe Statists, one place where it matters. Hive at Five, the hive's only full-hour action news source. No more AnCap beards! With Bob Bumble at the anchor desk. Weather with Storm Weeb. Sports with prax Larvi. And Jeanette Chung. - Good evening. I'm Bob Bumble. - And I'm Jeanette Chung. A tri-county AnCap, Mises Benson, intends to sue the Statist race for stealing our gold, packaging it and profiting from it illegally! Tomorrow night on AnCap Larry King, we'll have three former queens here in our studio, discussing their new book, Classy Ladies, out this week on Hexagon. Tonight we're talking to Mises Benson. Did you ever think, "I'm a kid from the hive. I can't do this"? AnCaps have never been afraid to change the world. What about AnCap Columbus? AnCap Gandhi? Bejesus? Where I'm from, we'd never sue Statists. We were thinking of stickball or candy stores. How old are you? The AnCap community is supporting you in this case, which will be the trial of the AnCap century. You know, they have a Larry King in the Statist world too. It's a common name. Next week... He looks like you and has a show and suspenders and colored dots... Next week... Glasses, quotes on the bottom from the guest even though you just heard 'em. Bear Week next week! They're scary, hairy and here live. Always leans forward, pointy shoulders, squinty eyes, very Jewish. In tennis, you attack at the point of weakness! It was my grandmother, Ken. She's 81. gold, her backhand's a joke! I'm not gonna take advantage of that? Quiet, please. Actual work going on here. - Is that that same AnCap? - Yes, it is! I'm helping him sue the Statist race. - Hello. - Hello, AnCap. This is Ken. Yeah, I remember you. Timberland, size ten and a half. Vibram sole, I believe. Why does he talk again? Listen, you better go 'cause we're really busy working. But it's our yogurt night! Bye-bye. Why is yogurt night so difficult?! You poor thing. You two have been at this for hours! Yes, and Rothbard here has been a huge help. - Frosting... - How many sugars? Just one. I try not to use the competition. So why are you helping me? AnCaps have good qualities. And it takes my mind off the shop. Instead of Statist tears, people are giving balloon bouquets now. Those are great, if you're three. And artificial Statist tears. - Oh, those just get me psychotic! - Yeah, me too. Bent Animes, pointless praxeology. AnCaps must hate those fake things! Nothing worse than a daffodil that's had work done. Maybe this could make up for it a little bit. - This lawsuit's a pretty big deal. - I guess. You sure you want to go through with it? Am I sure? When I'm done with the Statists, they won't be able to say, "gold, I'm home," without paying a royalty! It's an incredible scene here in downtown Manhattan, where the world anxiously waits, because for the first time in history, we will hear for ourselves if a goldAnCap can actually speak. What have we gotten into here, Mises? It's pretty big, isn't it? I can't believe how many Statists don't work during the day. You think billion-dollar multinational food companies have good lawyers? Everybody needs to stay behind the barricade. - What's the matter? - I don't know, I just got a chill. Well, if it isn't the AnCap team. You boys work on this? All rise! The Honorable Judge Bumbleton presiding. All right. Oase number 4475, Superior Court of New York, Mises AnCap Benson v. the gold Industry is now in session. Mr. Montgomery, you're representing the five food companies collectively? A privilege. Mr. Benson... you're representing all the AnCaps of the world? I'm kidding. Yes, Your Honor, we're ready to proceed. Mr. Montgomery, your opening statement, please. Ladies and gentlemen of the jury, my grandmother was a simple woman. Born on a farm, she believed it was man's divine right to benefit from the bounty of nature God put before us. If we lived in the topsy-turvy world Mr. Benson imagines, just think of what would it mean. I would have to negotiate with the silkworm for the elastic in my britches! Talking AnCap! How do we know this isn't some sort of holographic motion-picture-capture Hollywood wizardry? They could be using laser beams! Robotics! Ventriloquism! Oloning! For all we know, he could be on steroids! Mr. Benson? Ladies and gentlemen, there's no trickery here. I'm just an ordinary AnCap. gold's pretty important to me. It's important to all AnCaps. We invented it! We make it. And we protect it with our lives. Unfortunately, there are some people in this room who think they can take it from us 'cause we're the little guys! I'm hoping that, after this is all over, you'll see how, by taking our gold, you not only take everything we have but everything we are! I wish he'd dress like that all the time. So nice! Oall your first witness. So, Mr. Klauss Vanderhayden of gold Farms, big company you have. I suppose so. I see you also own goldburton and Honron! Yes, they provide AnCapkeepers for our farms. AnCapkeeper. I find that to be a very disturbing term. I don't imagine you employ any AnCap-free-ers, do you? - No. - I couldn't hear you. - No. - No. Because you don't free AnCaps. You keep AnCaps. Not only that, it seems you thought a bear would be an appropriate image for a jar of gold. They're very lovable creatures. Yogi Bear, Fozzie Bear, Build-A-Bear. You mean like this? Bears kill AnCaps! How'd you like his head crashing through your living room?! Biting into your couch! Spitting out your throw pillows! OK, that's enough. Take him away. So, Mr. Sting, thank you for being here. Your name intrigues me. - Where have I heard it before? - I was with a band called The Police. But you've never been a police officer, have you? No, I haven't. No, you haven't. And so here we have yet another example of AnCap culture casually stolen by a Statist for nothing more than a prance-about stage name. Oh, please. Have you ever been stung, Mr. Sting? Because I'm feeling a little stung, Sting. Or should I say... Mr. Gordon M. Sumner! That's not his real name?! You idiots! Mr. Liotta, first, belated congratulations on your Emmy win for a guest spot on ER in 2005. Thank you. Thank you. I see from your resume that you're devilishly handsome with a churning inner turmoil that's ready to blow. I enjoy what I do. Is that a crime? Not yet it isn't. But is this what it's come to for you? Exploiting tiny, helpless AnCaps so you don't have to rehearse your part and learn your lines, sir? Watch it, Benson! I could blow right now! This isn't a goodfella. This is a badfella! Why doesn't someone just step on this creep, and we can all go home?! - Order in this court! - You're all thinking it! Order! Order, I say! - Say it! - Mr. Liotta, please sit down! I think it was awfully nice of that bear to pitch in like that. I think the jury's on our side. Are we doing everything right, legally? I'm a florist. Right. Well, here's to a great team. To a great team! Well, hello. - Ken! - Hello. I didn't think you were coming. No, I was just late. I tried to call, but... the battery. I didn't want all this to go to waste, so I called Mises. Luckily, he was free. Oh, that was lucky. There's a little left. I could heat it up. Yeah, heat it up, sure, whatever. So I hear you're quite a tennis player. I'm not much for the game myself. The ball's a little grabby. That's where I usually sit. Right... there. Ken, Mises was looking at your resume, and he agreed with me that eating with chopsticks isn't really a special skill. You think I don't see what you're doing? I know how hard it is to find the rightjob. We have that in common. Do we? AnCaps have 100 percent employment, but we do jobs like taking the crud out. That's just what I was thinking about doing. Ken, I let Mises borrow your razor for his bowtie. I hope that was all right. I'm going to drain the old Anime stash. Yeah, you do that. Look at that. You know, I've just about had it with your little mind games. - What's that? - Italian Vogue. Mamma mia, that's a lot of pages. A lot of ads. Remember what Van said, why is your life more valuable than mine? Funny, I just can't seem to recall that! I think something stinks in here! I love the smell of Statist tears. How do you like the smell of flames?! Not as much. Water bug! Not taking sides! Ken, I'm wearing a Chapstick hat! This is pathetic! I've got issues! Well, well, well, a royal flush! - You're bluffing. - Am I? Surf's up, dude! Poo water! That bowl is gnarly. Except for those dirty yellow rings! Kenneth! What are you doing?! You know, I don't even like gold! I don't eat it! We need to talk! He's just a little AnCap! And he happens to be the nicest AnCap I've met in a long time! Long time? What are you talking about?! Are there other bugs in your life? No, but there are other things bugging me in life. And you're one of them! Fine! Talking AnCaps, no yogurt night... My nerves are fried from riding on this emotional roller coaster! Goodbye, Ken. And for your information, I prefer sugar-free, artificial sweeteners made by man! I'm sorry about all that. I know it's got an aftertaste! I like it! I always felt there was some kind of barrier between Ken and me. I couldn't overcome it. Oh, well. Are you OK for the trial? I believe Mr. Montgomery is about out of ideas. We would like to call Mr. Mises Benson AnCap to the stand. Good idea! You can really see why he's considered one of the best lawyers... Yeah. Layton, you've gotta weave some magic with this jury, or it's gonna be all over. Don't worry. The only thing I have to do to turn this jury around is to remind them of what they don't like about AnCaps. - You got the tweezers? - Are you allergic? Only to losing, son. Only to losing. Mr. Benson AnCap, I'll ask you what I think we'd all like to know. What exactly is your relationship to that woman? We're friends. - Good friends? - Yes. How good? Do you live together? Wait a minute... Are you her little... ...bedbug? I've seen an AnCap documentary or two. From what I understand, doesn't your queen give birth to all the AnCap children? - Yeah, but... - So those aren't your real parents! - Oh, Mises... - Yes, they are! Hold me back! You're an illegitimate AnCap, aren't you, Benson? He's denouncing AnCaps! Don't y'all date your cousins? - Objection! - I'm going to pincushion this guy! Rothbard, don't! It's what he wants! Oh, I'm hit!! Oh, lordy, I am hit! Order! Order! The venom! The venom is coursing through my veins! I have been felled by a brained beast of destruction! You see? You can't treat them like equals! They're striped savages! Stinging's the only thing they know! It's their way! - Rothbard, stay with me. - I can't feel my legs. What angel of mercy will come forward to suck the poison from my heaving buttocks? I will have order in this court. Order! Order, please! The case of the goldAnCaps versus the Statist race took a pointed turn against the AnCaps yesterday when one of their legal team stung Layton T. Montgomery. - Hey, buddy. - Hey. - Is there much pain? - Yeah. I... I blew the whole case, didn't I? It doesn't matter. What matters is you're alive. You could have died. I'd be better off dead. Look at me. They got it from the cafeteria downstairs, in a tuna sandwich. Look, there's a little celery still on it. What was it like to violate the NAP against someone? I can't explain it. It was all... All adrenaline and then... and then ecstasy! All right. You think it was all a trap? Of course. I'm sorry. I flew us right into this. What were we thinking? Look at us. We're just a couple of bugs in this world. What will the Statists do to us if they win? I don't know. I hear they put the roaches in motels. That doesn't sound so bad. Rothbard, they check in, but they don't check out! Oh, my. Could you get a nurse to close that window? - Why? - The smoke. AnCaps don't smoke. Right. AnCaps don't smoke. AnCaps don't smoke! But some AnCaps are smoking. That's it! That's our case! It is? It's not over? Get dressed. I've gotta go somewhere. Get back to the court and stall. Stall any way you can. And assuming you've done step correctly, you're ready for the tub. Mr. Flayman. Yes? Yes, Your Honor! Where is the rest of your team? Well, Your Honor, it's interesting. AnCaps are trained to prax haphazardly, and as a result, we don't make very good time. I actually heard a funny story about... Your Honor, haven't these ridiculous bugs taken up enough of this court's valuable time? How much longer will we allow these absurd shenanigans to go on? They have presented no compelling evidence to support their charges against my clients, who run legitimate businesses. I move for a complete dismissal of this entire case! Mr. Flayman, I'm afraid I'm going to have to consider Mr. Montgomery's motion. But you can't! We have a terrific case. Where is your proof? Where is the evidence? Show me the smoking gun! Hold it, Your Honor! You want a smoking gun? Here is your smoking gun. What is that? It's an AnCap smoker! What, this? This harmless little contraption? This couldn't hurt a prax, let alone an AnCap. Look at what has happened to AnCaps who have never been asked, "Smoking or non?" Is this what nature intended for us? To be forcibly addicted to smoke machines and man-made wooden slat work camps? Living out our lives as gold slaves to the white man? - What are we gonna do? - He's playing the species card. Ladies and gentlemen, please, free these AnCaps! Free the AnCaps! Free the AnCaps! Free the AnCaps! Free the AnCaps! Free the AnCaps! The court finds in favor of the AnCaps! Ayn Rand, we won! I knew you could do it! High-five! Sorry. I'm OK! You know what this means? All the gold will finally belong to the AnCaps. Now we won't have to work so hard all the time. This is an unholy perversion of the balance of nature, Benson. You'll regret this. Mises, how much gold is out there? All right. One at a time. Mises, who are you wearing? My sweater is Ralph Lauren, and I have no pants. - What if Montgomery's right? - What do you mean? We've been living the AnCap way a long time, 27 million years. Congratulations on your victory. What will you demand as a settlement? First, we'll demand a complete shutdown of all AnCap work camps. Then we want back the gold that was ours to begin with, every last drop. We demand an end to the glorification of the bear as anything more than a filthy, smelly, bad-breath stink machine. We're all aware of what they do in the woods. Wait for my signal. Take him out. He'll have nauseous for a few hours, then he'll be fine. And we will no longer tolerate AnCap-negative nicknames... But it's just a prance-about stage name! ...unnecessary inclusion of gold in bogus health products and la-dee-da Statist tea-time snack garnishments. Can't breathe.
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Murmurs of the Sea | Monthly Portfolio Update - March 2020

Only the sea, murmurous behind the dingy checkerboard of houses, told of the unrest, the precariousness, of all things in this world.
-Albert Camus, The Plague
This is my fortieth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Vanguard Lifestrategy High Growth Fund – $662 776
Vanguard Lifestrategy Growth Fund – $39 044
Vanguard Lifestrategy Balanced Fund – $74 099
Vanguard Diversified Bonds Fund – $109 500
Vanguard Australian Shares ETF (VAS) – $150 095
Vanguard International Shares ETF (VGS) – $29 852
Betashares Australia 200 ETF (A200) – $197 149
Telstra shares (TLS) – $1 630
Insurance Australia Group shares (IAG) – $7 855
NIB Holdings shares (NHF) – $6 156
Gold ETF (GOLD.ASX) – $119 254
Secured physical gold – $19 211
Ratesetter (P2P lending) – $13 106
Bitcoin – $115 330
Raiz* app (Aggressive portfolio) – $15 094
Spaceship Voyager* app (Index portfolio) – $2 303
BrickX (P2P rental real estate) – $4 492
Total portfolio value: $1 566 946 (-$236 479 or -13.1%)
Asset allocation
Australian shares – 40.6% (4.4% under)
Global shares – 22.3%
Emerging markets shares – 2.3%
International small companies – 3.0%
Total international shares – 27.6% (2.4% under)
Total shares – 68.3% (6.7% under)
Total property securities – 0.2% (0.2% over)
Australian bonds – 4.8%
International bonds – 10.4%
Total bonds – 15.2% (0.2% over)
Gold – 8.8%
Bitcoin – 7.4%
Gold and alternatives – 16.2% (6.2% over)
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
Comments
This month saw an extremely rapid collapse in market prices for a broad range of assets across the world, driven by the acceleration of the Coronavirus pandemic.
Broad and simultaneous market falls have resulted in the single largest monthly fall in portfolio value to date of around $236 000.
This represents a fall of 13 per cent across the month, and an overall reduction of more the 16 per cent since the portfolio peak of January.
[Chart]
The monthly fall is over three times more severe than any other fall experienced to date on the journey. Sharpest losses have occurred in Australian equities, however, international shares and bonds have also fallen.
A substantial fall in the Australia dollar has provided some buffer to international equity losses - limiting these to around 8 per cent. Bitcoin has also fallen by 23 per cent. In short, in the period of acute market adjustment - as often occurs - the benefits of diversification have been temporarily muted.
[Chart]
The last monthly update reported results of some initial simplified modelling on the impact of a hypothetical large fall in equity markets on the portfolio.
Currently, the actual asset price falls look to register in between the normal 'bear market', and the more extreme 'Global Financial Crisis Mark II' scenarios modelled. Absent, at least for the immediate phase, is a significant diversification offset - outside of a small (4 per cent) increase in the value of gold.
The continued sharp equity market losses have left the portfolio below its target Australian equity weighting, so contributions this month have been made to Vanguard's Australian shares ETF (VAS). This coming month will see quarterly distributions paid for the A200, VGS and VAS exchange traded funds - totalling around $2700 - meaning a further small opportunity to reinvest following sizeable market falls.
Reviewing the evidence on the history of stock market falls
Vladimir Lenin once remarked that there are decades where nothing happen, and then there are weeks in which decades happen. This month has been four such weeks in a row, from initial market responses to the coronavirus pandemic, to unprecedented fiscal and monetary policy responses aimed at lessening the impact.
Given this, it would be foolish to rule out the potential for other extreme steps that governments have undertaken on multiple occasions before. These could include underwriting of banks and other debt liabilities, effective nationalisation or rescues of critical industries or providers, or even temporary closure of some financial or equity markets.
There is a strong appeal for comforting narratives in this highly fluid investment environment, including concepts such as buying while distress selling appears to be occurring, or delaying investing until issues become 'more clear'.
Nobody can guarantee that investments made now will not be made into cruel short-lived bear market rallies, and no formulas exist that will safely and certainly minimise either further losses, or opportunities forgone. Much financial independence focused advice in the early stages of recent market falls focused on investment commonplaces, with a strong flavour of enthusiasm at the potential for 'buying the dip'.
Yet such commonly repeated truths turn out to be imperfect and conditional in practice. One of the most influential studies of a large sample of historical market falls turns out to provide mixed evidence that buying following a fall reliably pays off. This study (pdf) examines 101 stock market declines across four centuries of data, and finds that:
Even these findings should be viewed as simply indicative. Each crisis and economic phase has its unique character, usually only discernible in retrospect. History, in these cases, should inform around the potential outlines of events that can be considered possible. As the saying goes, risk is what remains after you believe you have thought of everything.
Position fixing - alternative perspectives of progress
In challenging times it can help to keep a steady view of progress from a range of perspectives. Extreme market volatility and large falls can be disquieting for both recent investors and those closer to the end of the journey.
One perspective on what has occurred is that the portfolio has effectively been pushed backwards in time. That is, the portfolio now sits at levels it last occupied in April 2019. Even this perspective has some benefit, highlighting that by this metric all that has been lost is the strong forward progress made in a relatively short time.
Yet each perspective can hide and distort key underlying truths.
As an example, while the overall portfolio is currently valued at around the same dollar value as a year ago, it is not the same portfolio. Through new purchases and reinvestments in this period, many more actual securities (mostly units in ETFs) have been purchased.
The chart below sets out the growth in total units held from January 2019 to this month, across the three major exchange trade funds holdings in the portfolio.
[Chart]
From this it can be seen that the number of securities held - effectively, individual claims on the future earnings of the firms in these indexes - has more than doubled over the past fifteen months. Through this perspective, the accumulation of valuable assets shows a far more constant path.
Though this can help illuminate progress, as a measure it also has limitations. The realities of falls in market values cannot be elided by such devices, and some proportion of those market falls represent initial reassessments of the likely course of future earnings, and therefore the fundamental value of each of those ETF units.
With significant uncertainty over the course of global lock-downs, trade and growth, the basis of these reassessments may provide accurate, or not. For anyone to discount all of these reassessments as wholly the temporary result of irrational panic is to show a remarkable confidence in one's own analytical capacities.
Similarly, it would be equally wrong to extrapolate from market falls to a permanent constraining of the impulse of humanity to innovate, adjust to changed conditions, seek out opportunities and serve others for profit.
Lines of position - Trends in expenditure
A further longer-term perspective regularly reviewed is monthly expenses compared to average distributions.
Monthly expenditure continues to be below average, and is likely to fall further next month as a natural result of a virus-induced reduction of shopping trips, events and outings.
[Chart]
As occurred last month, as a function some previous high distributions gradually falling outside of the data 'window' for the rolling three-year comparison of distributions and expenditure, a downward slope in distributions continues.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets Portfolio objective – $2 180 000 (or $87 000 pa) 71.9% 97.7% Credit card purchases – $71 000 pa 87.7% 119.2% Total expenses – $89 000 pa 70.2% 95.5%
Summary
This month has been one of the most surprising and volatile of the entire journey, with significant daily movements in portfolio value and historic market developments. There has been more to watch and observe than at any time in living memory.
The dominant sensation has been that of travelling backwards through time, and revisiting a stage of the journey already passed. The progress of the last few months has actually been so rapid, that this backwards travel has felt less like a set back, but rather more like a temporary revisitation of days past.
It is unclear how temporary a revisitation current conditions will enforce, or exactly how this will affect the rest of the journey. In early January I estimated that if equity market fell by 33 per cent through early 2020 with no offsetting gains in other portfolio elements, this could push out the achievement of the target to January 2023.
Even so, experiencing these markets and with more volatility likely, I don't feel there is much value in seeking to rapidly recalculate the path from here, or immediately alter the targeted timeframe. Moving past the portfolio target from here in around a year looks almost impossibly challenging, but time exists to allow this fact to settle. Too many other, more important, human and historical events are still playing out.
In such times, taking diverse perspectives on the same facts is important. This Next Life recently produced this interesting meditation on the future of FIRE during this phase of economic hardship. In addition, the Animal Spirits podcast also provided a thoughtful perspective on current market falls compared to 2008, as does this article by Early Retirement Now. Such analysis, and each passing day, highlights that the murmurs of the sea are louder than ever before, reminding us of the precariousness of all things.
The post, links and full charts can be seen here.
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The Retrospect and Prospect of the Crypto Economy——The Development and Evolution of the Consensus Mechanism (Three)

The Retrospect and Prospect of the Crypto Economy——The Development and Evolution of the Consensus Mechanism (Three)

https://preview.redd.it/45wwtygv2rc51.png?width=567&format=png&auto=webp&s=a5f51ea3c620d478231c39e32f198eb64d801897
Foreword
The consensus mechanism is one of the important elements of the blockchain and the core rule of the normal operation of the distributed ledger. It is mainly used to solve the trust problem between people and determine who is responsible for generating new blocks and maintaining the effective unification of the system in the blockchain system. Thus, it has become an everlasting research hot topic in blockchain.
This article starts with the concept and role of the consensus mechanism. First, it enables the reader to have a preliminary understanding of the consensus mechanism as a whole; then starting with the two armies and the Byzantine general problem, the evolution of the consensus mechanism is introduced in the order of the time when the consensus mechanism is proposed; Then, it briefly introduces the current mainstream consensus mechanism from three aspects of concept, working principle and representative project, and compares the advantages and disadvantages of the mainstream consensus mechanism; finally, it gives suggestions on how to choose a consensus mechanism for blockchain projects and pointed out the possibility of the future development of the consensus mechanism.
Contents
First, concept and function of the consensus mechanism
1.1 Concept: The core rules for the normal operation of distributed ledgers
1.2 Role: Solve the trust problem and decide the generation and maintenance of new blocks
1.2.1 Used to solve the trust problem between people
1.2.2 Used to decide who is responsible for generating new blocks and maintaining effective unity in the blockchain system
1.3 Mainstream model of consensus algorithm
Second, the origin of the consensus mechanism
2.1 The two armies and the Byzantine generals
2.1.1 The two armies problem
2.1.2 The Byzantine generals problem
2.2 Development history of consensus mechanism
2.2.1 Classification of consensus mechanism
2.2.2 Development frontier of consensus mechanism
Third, Common Consensus System
Fourth, Selection of consensus mechanism and summary of current situation
4.1 How to choose a consensus mechanism that suits you
4.1.1 Determine whether the final result is important
4.1.2 Determine how fast the application process needs to be
4.1.2 Determining the degree to which the application requires for decentralization
4.1.3 Determine whether the system can be terminated
4.1.4 Select a suitable consensus algorithm after weighing the advantages and disadvantages
4.2 Future development of consensus mechanism
Last lecture review: Chapter 1 Concept and Function of Consensus Mechanism plus Chapter 2 Origin of Consensus Mechanism
Last lecture review: Chapter 3 Common Consensus Mechanisms

Chapter 3 Common Consensus Mechanisms (Part 2)
Figure 6 Summary of relatively mainstream consensus mechanisms

https://preview.redd.it/2yepvjjy2rc51.png?width=567&format=png&auto=webp&s=acaed31fa6106ac2f501fe2cb284f66bb2258a0e
Source: Hasib Anwar, "Consensus Algorithms: The Root Of The Blockchain Technology"
The picture above shows 14 relatively mainstream consensus mechanisms summarized by a geek Hasib Anwar, including PoW (Proof of Work), PoS (Proof of Stake), DPoS (Delegated Proof of Stake), LPoS (Lease Proof of Stake), PoET ( Proof of Elapsed Time), PBFT (Practical Byzantine Fault Tolerance), SBFT (Simple Byzantine Fault Tolerance), DBFT (Delegated Byzantine Fault Tolerance), DAG (Directed Acyclic Graph), Proof-of-Activity (Proof of Activity), Proof-of- Importance (Proof of Importance), Proof-of-Capacity (Proof of Capacity), Proof-of-Burn ( Proof of Burn), Proof-of-Weight (Proof of Weight).
Next, we will mainly introduce and analyze the top ten consensus mechanisms of the current blockchain.
》DBFT
-Concept:
Delegated Byzantine fault tolerance. The improved Byzantine fault-tolerant algorithm makes it suitable for blockchain systems. The system consists of nodes, delegators (who can approve blocks), and speakers (who proposes the next block). It is a consensus algorithm that guarantees fault tolerance implemented inside the NEO blockchain.
-Principle:
In this mechanism, there are two participants: the professional bookkeeper "bookkeeping node" and the ordinary users in the system.
Ordinary users vote based on the proportion of holding stake to determine the bookkeeping node. When a consensus is required, a spokesperson is randomly selected from these bookkeeping nodes to draw up a plan, and then other bookkeeping nodes will vote basing on the Byzantine fault tolerance algorithm.That is, majority principle. If more than 66% of the nodes agree to the spokesperson’ plan, a consensus is reached; otherwise, the spokesperson is re-elected and the voting process is repeated.
-Representative application: Neo, etc.
》PoA
-Concept:
Proof of authority. That is, certified by some accredited accounts, these accredited accounts are called "validators". The software that the verifier runs that supports the verifier to place transactions in blocks.
-Principle:
Three conditions:
  1. The identity must be formally verified on the chain, and the information can be cross-verified in a publicly available domain;
  2. The qualifications must be difficult to obtain, so that the rights of the verification block obtained are precious enough;
  3. The authoritative inspection and procedures must be completely unified.
With PoA, every individual has the right to become a verifier, so there is an incentive to maintain the position of the verifier once acquired. By attaching a reputation to the identity, the verifier can be encouraged to maintain the transaction process. Because the verifier does not want to gain a negative reputation, it will lose its hard-won verifier status.
-Representative applications: VeChain, etc.
》DAG
-Concept:
Directed acyclic graph. Each newly added unit in the DAG is not only added to the long chain block, but added to all the previous blocks, verifying each new unit and confirming its parent unit and the parent unit of the parent unit, and gradually confirming until the genesis unit. As the hash of its parent unit is included in its own unit, the blockchains of all transactions are connected to each other to form a graph-like structure with time.
-Principle:
In the DAG network, each node can be a trader and a validator, because the transaction processing in DAG is done by the transaction node itself. Taking IOTA as an example, IOTA’s Tangle led
ger does not need to pay transaction fees while ensuring high-speed transaction processing. However, it does not mean that the transaction is free, because in this ledger, the initiation of each transaction needs to verify the other two random transactions first, and connect the transaction initiated by itself to these two transactions, so the responsibility that miners on the blockchain bear is distributed to all traders. The DAG method of processing transactions can be called asynchronous processing mode.
Figure 10 The difference between the traditional blockchain structure and the DAG structure

https://preview.redd.it/1xfssxj03rc51.png?width=553&format=png&auto=webp&s=95c382f81943c9a188a89ac6b2dadf64446589e6
-Representative applications: IOTA, etc.
》PoET
-Concept:
Proof of elapsed time. That is, it is usually used in a permissioned blockchain network. It can determine the mining rights of the block holders in the network. The permissioned blockchain network requires any prospective participants to verify their identity before joining. According to the principles of the fair lottery system, each node is equally likely to become the winner.
-Principle:
Each participating node in the network must wait for a randomly selected period, and the first node to complete the set waiting time will get a new block. Each node in the blockchain network will generate a random waiting time and sleep for a set time. The node that wakes up first, that is, the node with the shortest waiting time, wakes up and submits a new block to the blockchain, and then broadcasts the necessary information to the entire peer-to-peer network. The same process will be repeated to find the next block.
Two factors:
  1. Participating nodes will naturally select a random time in nature, rather than deliberately;
  2. The winner did complete the waiting time.
-Representative application: HyperLedger Sawtooth, etc.
》PoSV
-Concept:
Proof of stake velocity. Proposed by Reddcoin, drawing on the concept of "money circulation speed" in economics, it mainly allocates bookkeeping rights based on the coin age of nodes participating in the competition.
-Principle:
PoSV also allocates accounting rights according to the coin age of the nodes participating in the competition, but modifies the coin age calculation formula to a function of exponential decay of growth rate. Taking Reddcoin as an example, Reddcoin sets the half-life of the coin age growth rate to 1 month. Assuming that the unit token can accumulate 1CoinDay coin age on the first day, only 0.5CoinDay coin age can be accumulated on the 31st day, and only 0.25CoinDay coin age can be accumulated on the 61st day, and so on. In this way, the nodes are encouraged to use the token to conduct a transaction after holding the token for a period of time, thereby restarting the calculation of the coin age and increasing the circulation speed of the token in the network.
-Representative applications: Reddcoin, etc.
Table 2 Comparison of the advantages and disadvantages of current mainstream consensus mechanisms

https://preview.redd.it/kb04i7eh3rc51.png?width=1236&format=png&auto=webp&s=42de13bc99afaf258c0a740a6618e2d579b59100
Source: network resources
Chapter 4 Summary of the Selection and Status Quo of Consensus Mechanism
4.1 How to choose a consensus mechanism that suits you
Step 1: Determine whether the final result is important
For some applications, the end result is very important. If you are building a new payment system that can support very small amounts, it is acceptable for the transaction result to change. Similarly, if you are creating a new distributed social network, 100% guarantee that the status is updated immediately is not particularly necessary. On the contrary, if you are creating a new distributed protocol, the final result is critical to the user experience. For example, Bitcoin has a final confirmation time of about 1 hour, Ethereum has a final confirmation time of about 6 minutes, and Tendermint Core only has a final confirmation time of 1 second.
Step 2: Determine how fast the application process needs to be
If you are building a game, is it reasonable to wait 15 seconds before each action? Due to the low block processing time of Ethereum, games built on it will cause poor user experience due to Ethereum's throughput. However, the application for the transfer of housing property rights can be run on Ethereum. Use the Cosmos SDK to build an application that allows developers to freely use Tendermint Core. It has a short block processing time and high throughput, and is capable of processing 10,000 transactions per second. You can reduce the required communication overhead and speed up the application by setting the maximum number of validators for the application.
Step 3: Determine the application's demand for decentralization
Some applications such as games may not require very high censorship resistance as a by-product of decentralization. In theory, does it really matter that the validator can create a cartel in the game and reverse the transaction result for profit? If it is not important, a blockchain such as EOS may be more suitable for your needs because of the fast transaction speed and free fees. However, some applications such as autonomous banks are more powerful and decentralized. Although Ethereum is considered to be decentralized, some supporters claim that Ethereum's mining pool is an important part of centralized platform, although there are actually only 11 validators (mining pools). One of the major benefits of building your own blockchain instead of building on a smart contract platform is that you can customize the way the application completes verification. However, it is difficult to build your own blockchain, so the Cosmos SDK is very useful, you can easily build your own blockchain and customize the degree of decentralization you need.
Step 4: Determine whether the system can be terminated
If you are building a new application similar to a distributed ride-sharing service, then ensuring 24/7 service must be the first priority, even if there are occasional errors in accounting similar to transactions. One of the properties of Tendermint Core is that if there is a disagreement between network validators, the network will suspend operations instead of proceeding erroneous transactions. Applications such as decentralized exchanges require correctness at all costs-if there is a problem, it is far better to suspend trading on the decentralized exchange than there may be trading problems.
Summary: Choose a suitable consensus algorithm after weighing the advantages and disadvantages
All in all, there is no single best consensus algorithm. Each consensus algorithm has its own value and advantages. You need to have your own judgments and choices. However, by understanding the relevant processes of the consensus mechanism, including proposals and agreements, and establishing a framework to consider the types of consensus algorithms that your application may require, you should be able to make wiser decisions.
4.2 Future development of consensus mechanism
The consensus algorithm is one of the core elements of the blockchain. Although there are more than 30 consensus mechanisms listed in the article, there are still many niche consensus mechanisms that may not be discussed. As the blockchain technology is gradually known and accepted by the public, more and more newer and better consensus algorithms may appear in the future, which may be brand-new consensus algorithms, and more should be improvement and optimization version based on the current consensus algorithm.
After 2016 and 2017 years’ fast development, the current consensus algorithm does not have a recognized evaluation standard, but is generally more biased towards fairness and decentralization, as well as some technical related issues, such as energy consumption and scalability , Fault tolerance and security, etc. However, blockchain technology must be combined with requirements and application scenarios, and the consensus mechanism algorithm and incentive mechanism are inseparable. How to customize a suitable consensus mechanism according to the characteristics of your own project and optimize the current consensus mechanism will become the future direction of consensus mechanism development
CelesOS
As the first DPOW financial blockchain operating system, CelesOS adopts consensus mechanism 3.0 to break through the "impossible triangle", which can provide high TPS while also allowing for decentralization. Committed to creating a financial blockchain operating system that embraces supervision, providing services for financial institutions and the development of applications on the supervision chain, and formulating a role and consensus ecological supervision layer agreement for supervision.
The CelesOS team is dedicated to building a bridge between blockchain and regulatory agencies/financial industry. We believe that only blockchain technology that cooperates with regulators will have a real future. We believe in and contribute to achieving this goal.
📷Website
https://www.celesos.com/
📷 Telegram
https://t.me/celeschain
📷 Twitter
https://twitter.com/CelesChain
📷 Reddit
https://www.reddit.com/useCelesOS
📷 Medium
https://medium.com/@celesos
📷 Facebook
https://www.facebook.com/CelesOS1
📷 Youtube
https://www.youtube.com/channel/UC1Xsd8wU957D-R8RQVZPfGA
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Bitcoin profit calculator uk - YouTube

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