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Mic Drop

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Posts posted by Mic Drop

  1. I think you'll enjoy this Bitcoin documentary.

    The Great Reset and the Rise of Bitcoin - a documentary that explores the current state of our economy and the impact a new monetary system like Bitcoin can have on the world. Learn about our economy, the long and short term cycles, inflation and Bitcoin.

  2. To The Moon Dancing GIF by ElrondNetwork

    The year 2021 could go down as the year of many things, including another year that cryptocurrency became more of a mainstream topic and investment.

    As cryptocurrencies became more talked about, many also gained in value in 2021, including three of the most popular names.

    Here’s a look at how Bitcoin, Dogecoin and Ethereum performed in 2021.

    What Happened: 

    Bitcoin BTC gained throughout the year and was added to the balance sheet of Tesla Inc ,Block Inc and other publicly traded companies in 2021.

    Dogecoin DOGE was one of the most searched for cryptocurrencies in 2021 and exploded in value thanks to popular names like Elon Musk and Mark Cuban publicly supporting the “meme crypto.”

    Ethereum ETH gained in popularity and usage with the rising trend of non-fungible tokens, with many utilizing the Ethereum blockchain.

    Investing $1,000 in BTC, DOGE, ETH: A $1,000 investment in each of the three most popular cryptocurrencies would have proven to be a winning trade in 2021. Here’s a look at how a hypothetical investment ended in 2021 for each of the three mentioned cryptocurrencies.

    Bitcoin traded at a high of $29,600.62 on Jan. 1, 2021. A $1,000 investment in Bitcoin on the first day of the year could have bought 0.0338 BTC. Bitcoin ended 2021 at a price of $46,306.45. The $1,000 investment ended 2021 worth $1,565.16.

    Dogecoin traded at a high of $0.005685 on Jan. 1, 2021. A $1,000 investment in Dogecoin on the first day of the year could have bought 175,901 DOGE. Dogecoin ended 2021 at a price of $0.1705. The $1,000 investment ended 2021 worth $29,991.12.

    Ethereum traded at a high of $749.20 on Jan. 1, 2021. A $1,000 investment in Ethereum on the first day of the year could have bought 1.3348 ETH. Ethereum ended 2021 at a price of $3,682.63. The $1,000 investment ended 2021 worth $4,915.57.

    Investing $1,000 in each of the three coins on Jan. 1 would have ended 2021 at a valuation of $36,471.85.

    Price Action: The 52-week ranges of the three cryptocurrencies in 2021 were as followed:

    BTC: $28,722.76 to $68,789.63

    DOGE: $0.005584 to $0.7376

    ETH: $718.11 to $4,891.70

  3.  

    Engineers have long dreamed of creating a wonderful material that can revolutionize construction. In 2004, their dream came true. British scientists first created Graphene—one of the forms of nanocarbon that is only 0.3 nanometers thick—a million times thinner than a human hair, but it can withstand colossal loads!

    Many immediately predicted a great future for it, and a little later, scientists were given the Nobel Prize. However, mass adoption did not happen. And only now, after 15 years, the first real opportunities have appeared to use the material of the future in commercial projects. Super-substance is made from ordinary graphite, which consists only of carbon. Nevertheless, due to its special crystal lattice in the form of hexagons, graphene gains many unusual properties. For instance, it can be both a conductor and a semiconductor, which makes it sought after when creating chips with higher characteristics. But the substance gained great popularity in another area - construction.

    Scientists have found that graphene is 200 times stronger than steel!
     

  4. Trading Platform Robinhood Announces Upcoming Launch of Cryptocurrency Wallets

    Noting that 1.6 million people have signed up for its crypto wallets so far, the announcement details:

    In mid-January, we will launch the wallets beta phase, which will roll out to thousands of customers from the waitlist.

    Robinhood also revealed that during the wallet’s alpha launch, which recently wrapped up, “a tight-knit group” of customers from the waitlist tested the company’s first crypto wallet iteration “and shared detailed design and functionality feedback.”

    For example, the alpha testers “requested signposting and explanations of terms like ‘network fees’ and ‘transaction ID.’” In response, the company said that it will provide more crypto articles and offer 24/7 phone support.

    Robinhood added:

    We will be rolling out some additional security features for crypto transactions. These include multi-factor authentication in-app, so we know it’s you when you initiate a transfer, and transaction checks to better understand the risk of where coins are being sent.

    “While some say 2021 is the year that crypto went mainstream, the truth is that most people are still familiarizing themselves with the asset class and how to navigate the blockchain,” the trading platform noted.

    In December, Robinhood partnered with Chainalysis to leverage the blockchain data analytics firm’s “data and tools to meet compliance requirements and provide Robinhood customers with the confidence they need to trade cryptocurrency safely,” Chainalysis described.

  5. BIP39 Seed Word Entropy visualized (odds of someone guessing private key seed phrase assuming it has randomness)

    19wudxhll4981.jpg

    The entropy of a BIP39 seed phrase is incredibly high, making it very difficult for someone to guess the private key seed phrase. The odds of someone randomly guessing the private key seed phrase are incredibly low, making it a very secure way to store your cryptocurrencies.

    Check out the large Bitcoin Collider. People have been running that thing since 2015 and no one has ever had a true collision. If you understand math you will understand why it will never happen, even though there is a "probability it could happen", in reality it would never happen. There are nearly as many addresses as there are atoms in the universe.

    One more way to look at it. The odds of winning megamillions is 1 in 300,000. The odds of finding a bip39 address is: 1 in 115792089237316195423570985008687907853269984665640564039457584007913129639936

  6. COIN - Percent from ATH (Sorted by Market Cap)

    1. BTC - 32%

    2. ETH - 19%

    3. BNB - 22%

    4. SOL - 30%

    5. ADA - 59%

    6. XRP - 75%

    7. DOT - 54%

    8. MATIC - 16%

    9. LINK - 62%

    10. ALGO - 61%

    11. XLM - 69%

    12. ATOM - 51%

    13. VET - 70%

    14. SAND - 37%

    15. ICP - 97% (RIP to those who bought at the top)

    16. FTM - 57%

    17. XTZ - 53%

    18. CAKE - 71%

    19. LRC - 44%

    20. ONE - 45%

    Of course this is not financial advice and some coins may never reach their ATH again. Low cap coins usually suffer the most in a bear market.

  7. BitBoy has one of the biggest crypto channels on YT (1.5 million subs) and is notorious for his moonish predictions and clickbait thumbnails. As always, DYOR and don't trust any other person's price predictions, there's not a single person in the world that can predict these things. It's your hard earned money, treat it with respect when investing.

    BitBoy's predictions for this year:

    • Bitcoin (BTC): 322000$ - WRONG

    • Ethereum (ETH): 27000$ - WRONG

    • Cardano (ADA): 9$ - WRONG

    • Polkadot (DOT): 326$ - WRONG

    • Binance (BNB): 249$ - CORRECT LOL

    • Chainlink (Link): 900$ - WRONG

    • Stellar (XLM): 6$ - WRONG

    • Costmos (Atom): 140$ - WRONG

    • The Graph (GRT): 10$ - WRONG

    • Aave: 7000$ - WRONG

    • BAT: 3$ - WRONG

    • Hedera (HBAR): 1$ - WRONG

    • THETA: 24$ - WRONG

    • Thorchain (RUNE): 25$ - WRONG (but close)

    Please keep in mind that some exchanges may have had slightly different prices

  8. https://www.cnbc.com/2021/12/17/jpmorgan-agrees-to-125-million-fine-for-letting-employees-use-whatsapp-to-evade-regulators.html?

    “While SEC officials said the $125 million penalty is its largest record-keeping fine to date, the bigger threat to JPMorgan may be reputational. By going after JPMorgan, the world’s biggest Wall Street firm by total revenue, the SEC has put the industry on notice.”

    $200m for 2018-2020. 2021Q3 net was $11.7b.

    Even if you add the other fines, the fines don’t move the needle.

    Executive crime wont slow down untill the fines can bankrupt the company or the executives face jailtime for breaking the law.

  9. On may 24th CEO of one of the largest bank in the world - HSBC publicly said that crypto lacks transparency and later it's UK branch started to block payments to Binance. Yesterday same British HSBC branch has been fined £63.9m by the UK's financial regulator for money laundering!

    Actually, initially they were fined for £91m though since HSBC not disputed the findings and agreed to settle it was cut down to £63.9m. HSBC's failings cover a period of eight years, from 2010 to 2018, the FCA said.

    The FCA's report into HSBC cites examples of poor controls, including failing to spot suspicious activity on the account of a construction director who also played a leading role in a criminal gang trying to steal millions of pounds by setting up fake companies. The person pleaded guilty to VAT fraud and went to prison. HSBC also failed to detect a customer imprisoned for smuggling cigarettes into the UK and ordered to pay £1.2m by the HMRC tax office, where the bank missed "a sustained period of unusual activity," the FCA said.

    For those who did not know, in 2012 after an investigation by the US Department of Justice the same bank paid $1.9bn fine (£1.4bn) for laundering money of Mexican drug cartels, circumventing the rules designed to prevent dealings with Iran, Burma, North Korea and being financed by terrorists from Middle East.

    Let's think of this as they pay for all the sponsorships at sports venues etc....

    Where are they getting the money to throw around at the athletes and sports teams?

    Dance Falling GIF by Tennis TV

  10. Why is this catastrophic? Let me count the ways…

    • Phosphorus is an element. It cannot be synthesized outside the heart of a star. When it is gone, it is gone. You can't just go whip it up in a lab when you run out. The way we apply phosphorus to our crops ensures that only 10–20% actually gets into the plants we fertilize with it. The remainder gets locked up chemically in the environment or gets washed into the watershed and down into the depths of the ocean, where we can't reach it. The waste of this limited resource is like buying 10 gallons of gas, putting 2 into your tank, and pouring the rest down the drain.
    • The current US methods of ‘conventional’ agriculture are highly dependent on heavy applications of phosphorus to maintain yields. Since phosphorus is highly reactive, it quickly binds with things in the environment and becomes unavailable to plants. Phosphorus is usually the single most limiting factor in plant nutrition. For example, it has been found that the yield potential of corn (maize) is determined by how much Phosphorus is in the plant's tissues by the five-leaf stage. This means that the maximum amount of grain a corn plant can produce is determined by the time the plant has developed five leaves.
    • We have already reached peak Phosphorus globally. Price increases are on a track similar to that of oil. The major difference between these two limited resources is that if you can't afford to buy gas, you don't drive. If you can't afford phosphorus, you don't eat. Once people can't afford to eat, civil unrest ensues.
    • A whopping 75% of the world's known phosphate reserves are controlled by one man: the King of Morroco. Morocco is in a considerably unstable part of the world. The bulk of the rest of the reserves are in China and Russia, neither of which are very friendly to the US. Once we run out of our own phosphorus and are forced to pay the same prices that other countries do, you can bet that cost will be passed down to the consumer. Once again, when people can't afford to eat, civil unrest ensues.
    • Putting too much phosphate fertilizer down on the majority of our croplands over the past 75 years has killed off the microbes that evolved to recycle phosphorus to plants and keep the soil alive. It can take 15 to 20 years to restore those microbes and to restore soil to its proper biologically active state. If we run out of phosphorus in 18 years and haven't even started the process of restoring our soil and changing how we grow our food, we will reach a food crisis that could very well be the end of our civilization as we know it. EDIT: I realize this is a bold statement, so I want to explain it a bit more. The US exports a HUGE amount of grain (wheat, soybeans, corn, etc.) to other countries. When we begin to have trouble feeding ourselves, there will be a cascade effect, since this means we will no longer have a surplus to sell. Other countries who buy from us will be unable to feed their people, too. As Marie Antoinette found out the hard way, hungry people are desperate and angry people. Wars, revolutions, mass migrations and subsequent government collapse are likely scenarios here. The likelihood of this catastrophe occurring is also very great, because while the majority of the US land mass is given over to agriculture, the majority of Americans are utterly ignorant about how their food is grown. For an in-depth look at how this type of collapse occurs, read the book Dirt: The Erosion of Civilizations by David R. Montgomery. (Available at Amazon)
    • Biofuels, especially ethanol made from corn feedstock, are an absolute boondoggle of the highest order. We are using two very limited resources (oil and phosphorus) to grow an extremely inefficient replacement for one of those limited resources. How does that make any sense?
    • The US government and the Agrochemical industry are partners in subsidizing the unsustainable and environmentally damaging methods used by most farmers in the US. They are literally paying for this catastrophe in the making, when they should be rewarding farmers who are practicing regenerative agriculture.

    production vodka GIF by Absolut Elyx

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