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In this final episode of the Keiser Report from Freedom Fest in Las Vegas, Max and Stacy encounter Peter Schiff in the halls of the convention center and challenge him on bitcoin. Max continues his interview with bitcoin entrepreneur Charlie Shrem to discuss the latest drama and innovation in the cryptocurrency space.
 

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A great argument for the reasons NOT to buy bitcoin.

Thank you Peter Schiff.

Gold is real money and always has been.

The masses have no idea of the differences between a currency and money.

is Bitcoin the new gold?

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How the blockchain will radically transform the economy | Bettina Warburg

Say hello to the decentralized economy -- the blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value.

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Richie Etwaru, discusses the opportunity and implications of blockchain as a paradigm to slow/chose the expanding trust gap in commerce. He unpacks blockchain to a level of simplicity to be consumed by those that are just starting to understand and explore the paradigm. He lays out a current state of commerce, suggesting that every company is currently at risk of being disrupted or incurring severe strain from a blockchain version of itself. Professionally, Richie Etwaru is a c-level at a Fortune 500 Company, an author, the owner of international patents, the founder of multiple ventures, an experienced keynote speaker, an angel investor, a member of advisory boards, and a recognized thought leader in the area of digital, technology, and design. Specific to this TEDx talk, Richie is an adjunct professor of blockchain management at Syracuse University in New York, he has delivered over 100 blockchain keynotes across the world, he has written well read blockchain blogs, he has been interviewed on blockchain in online TV shows, and has advised governments and venture funds on blockchain opportunities.

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Author of best seller "blockchain revolution", Alex share in this talk about how the blockchain the technology behind bitcoin Is changing money, business, and the world. Alex Tapscott is the CEO and Founder of Northwest Passage Ventures, a consulting firm focused on early-stage, high growth companies in the Canadian and U.S. Capital markets. His is also co-author, with Don Tapscott, of the new book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World (Portfolio / Penguin Random House 2016). Alex was Director of Institutional Equity Sales at Canaccord Genuity Inc. from 2008 to 2015. He managed a diverse client base of value, growth, long/short equity, merger-arbitrage and activist investors, including many of the largest asset managers in Canada and some of the largest hedge funds in New York. A graduate of Amherst College and a CFA Charterholder, Alex serves as a research fellow for the Global Solutions Network (GSN) program at the Martin Prosperity Institute at the Rotman School of Business in Toronto and sits on the board of CAMH Engage, a young leadership counci

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“This is going to be the largest bubble of our lifetimes.”

Hedge fund manager Mike Novogratz talking about…what else? 

    Hello guest!
. He went on: “You can make a whole lot of money on the way up, and we plan on it.” Godspeed!

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“There is a situation where money has been flooded into an unproductive and speculative direction.”

A South Korean representative discussing why the country 

    Hello guest!
 to Initial Coin Offerings (ICO). This comes only a few weeks after China made the same decision.

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Goldman Sachs is playing with the idea of trading Bitcoin.

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BlackRock’s ETF manager 

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 a digital currency fund.

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Jamie Dimon might think Bitcoin’s a fraud, but his company, JP Morgan (+2.07%), is giving the 

    Hello guest!
 to the underlying technology—blockchain. The U.S.’ No. 1 bank by assets launched a blockchain payments network with the Royal Bank of Canada and the Australia and New Zealand Banking Group.

JP has poured millions into its in-house blockchain solution, Quorum, as it looks to improve transaction speeds, tighten payment security, and eliminate third-party verifications. 

And if you need any more proof this tech has potential, IBM (-0.18%) released its own cross-border blockchain payments system…on the same day. 

Working 

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 with Stellar (a blockchain startup) and KlickEx (a cross-border payments company), Big Blue is looking to reduce the length of international transactions from days to seconds. But it goes further: by streamlining digital payments, this technology could instantly connect buyers and sellers around the world…like a sheep farmer in New Zealand to an importer in the U.K. 

It’s a block(chain) party and everyone’s invited.

    Hello guest!

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And while we have no idea what’s driving this price up, down, or sideways each day, we certainly can speculate:

Is it the (now) 13 million active accounts on Coinbase driving demand? Charles Schwab only has 10 million. 

Is it Japan putting its finger on the crypto-trigger? 60% of Bitcoin is now traded in yen.

Is it hedge fund manager Mike Novogratz 

    Hello guest!
 the currency would hit $10,000 last month? He and his $500 million new crypto fund might agree.

For now, we’ll just strap in and enjoy the ride.

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There was a time in Holland where the currency was tulip bulbs, and ONE tulip bulb cost as much as a fine house.

From INVESTOPEDIA:

" When: 1634-1637

Where: Holland

How Much: This number is difficult to calculate, but, we can tell you that at the peak of the market, a person could trade a single tulip for an entire estate, and, at the bottom, one tulip was the price of a common onion. (Related: 

    Hello guest!
)

A Happy Accident, a Speculative Bubble

In 1593 tulips were brought from Turkey and introduced to the Dutch. The novelty of the new flower made it widely sought after and therefore fairly pricey. After a time, the tulips contracted a non-fatal virus known as mosaic, which didn't kill the tulip population but altered them causing "flames" of color to appear upon the petals. The color patterns came in a wide variety, increasing the rarity of an already unique flower. Thus, tulips, which were already selling at a premium, began to rise in price according to how their virus alterations were valued, or desired. Everyone began to deal in bulbs, essentially speculating on the tulip market, which was believed to have no limits. 

The true bulb buyers (the garden centers of the past) began to fill up inventories for the growing season, depleting the supply further and increasing

    Hello guest!
and
    Hello guest!
. Soon, prices were rising so fast and high that people were trading their land, life savings, and anything else they could liquidate to get more tulip bulbs. Many Dutch persisted in believing they would sell their hoard to hapless and unenlightened foreigners, thereby reaping enormous profits. Somehow, the originally overpriced tulips enjoyed a twenty-fold increase in value - in one month!

The Risk of Putting Your Life Savings in Flowers

Needless to say, the prices were not an accurate reflection of the value of a tulip bulb. As it happens in many speculative bubbles, some prudent people decided to sell and crystallize their profits. A domino effect of progressively lower and lower prices took place as everyone tried to sell while not many were buying. The price began to dive, causing people to panic and sell regardless of losses.

Dealers refused to honor contracts and people began to realize they traded their homes for a piece of greenery; panic and pandemonium were prevalent throughout the land.

    Hello guest!
by offering to honor contracts at 10% of the face value, but then the market plunged even lower, making such restitution impossible. No one emerged unscathed from the crash. Even the people who had locked in their profit by getting out early suffered under the following depression.

The effects of the tulip craze left the Dutch very hesitant about speculative investments for quite some time. Investors now can know that it is better to stop and smell the flowers than to stake your future upon one. "

end quote

We have a Brother here in the Charlotte area that invested in Bitcoin, and lost it all ... and I mean EVERYTHING ... his cars, his home, his business, his "Eldership", his family, and even his sanity.  Last I heard he was destitute and institutionalized, but still alive.


 

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Not all Bitcoin success stories come from some tween in his parents’ basement who “could just tell this technology had potential.”

In fact, there are two who stand out above all else. The Winklevoss twins.

Rejected from Zuckerberg's inner circle with a payday of $65 million, Tyler and Cam threw $11 million on the crypto in 2013. And as of a few days ago, they are now worth 

    Hello guest!
. That’s right, Tyler and Cam are the world’s first Bitcoin billionaires.

But their foray into Bitcoin goes past any blind bets. The Winklevii were so hopped up on the tech’s potential, they founded their own trading exchange, Gemini, and were the major advocates behind Bitcoin ETFs and futures contracts. 

You know...

    Hello guest!
 that are being listed by the country’s largest derivatives exchanges (CBOE and CME) in the next two weeks?

Impressive, yes. But for the Winklevii, they’re still $68 billion away from catching Zuck.

    Hello guest!

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Food for thought: If you're wondering whether we're in a crypto bubble, consider LongFin—a small fintech startup that changed its description to a "crypto company" and watched its stock soar 2,600% in a week.

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    • By admin
      "The reason it's so hard for most people to understand is that most people don't really understand money. Money isn't wealth. It's an accounting system used to facilitate the exchange of wealth. (The paradox of money is that while everyone wants it, no one actually wants it - they want the stuff they can buy with it!) Many people are put off by the fact that Bitcoins are 'just data'. But that's what ALL money is, information! More precisely, money is a means for credibly conveying information about value given but not yet received (or at least not yet received in a form in which it can directly satisfy a person's wants or needs).
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      The law of supply and demand is an economic model used to determine the price of an asset in a market.
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      An existing asset in limited quantity for which demand would be strong would necessarily see its price increase if we stick to this law.
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      Reward-Drop ETA date: 12 May 2020 08:51:29
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    • By admin
      A lot of monkeys lived near a village.
      One day a merchant came to the village to buy these monkeys!
      He announced that he will buy the monkeys @ $100 each. 
      The villagers thought that this man is mad.
      They thought how can somebody buy stray monkeys at $100 each?
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      The Bitcoin will be the next monkey business
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      That' how it will work!
      This forward just makes so much sense. What's important is, if you're investing you need to know when to quit.
       
      - Do you agree?
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      This is what's happening in
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    • By admin
      The most advanced money ever.....
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    • By The Librarian
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    • By admin
      They say that no press is bad press, but that may not be true for Bitcoin. The 
      Hello guest! Please register or sign in (it's free) to view the hidden content.  has been getting a lot of negative publicity lately, with both the Wolf of Wall Street and the CEO of JPMorgan (ahem, they’re two different people)  Hello guest! Please register or sign in (it's free) to view the hidden content.  the digital dollars a “fraud.” The investors’ concerns stem from the fact that the increasingly popular monetary system currently has no government backing and is based on “artificial scarcity.” Despite this lack of government support, federal regulators are certainly taking notice of Bitcoin. Last month, the U.S. Commodity Futures Trading Commission  Hello guest! Please register or sign in (it's free) to view the hidden content.  a hedge fund company with fraud, misappropriation, and issuing false account statements in its operation of what they called a “Bitcoin Ponzi scheme” that bilked $60,000 out of investors. Meanwhile, the Securities and Exchange Commission recently  Hello guest! Please register or sign in (it's free) to view the hidden content.  both a real estate and diamond sales company with defrauding investors after prompting them to sink money into an “initial coin offering” (ICO), the first of its kind. A New York Times columnist described ICOs: “Imagine that a friend is building a casino and asks you to invest. In exchange, you get chips that can be used at the casino’s tables once it’s finished. Now imagine that the value of the chips isn’t fixed, and will instead fluctuate depending on the popularity of the casino, the number of other gamblers and the regulatory environment for casinos. Oh, and instead of a friend, imagine it’s a stranger on the internet who might be using a fake name, who might not actually know how to build a casino, and whom you probably can’t sue for fraud if he steals your money and uses it to buy a Porsche instead.” Buyer beware!  
    • By admin
      After bitcoin becomes too expensive for the average person to deal with it in whole bitcoins (already the case for some people), we will begin dealing, speaking, and thinking in smaller units like millibitcoin and microbitcoin, but the most elemental bitcoin unit is the satoshi.
      How many satoshis are there (or at maximum)? This many:
      2,100,000,000,000,000
      Which is found by multiplying the maximum 21 million bitcoin by the number of satoshis per bitcoin, which is 100 million.
      How do you pronounce that huge number? Like this: 
      "Two quadrillion one hundred trillion."
      How many satoshis are available to us now (have been mined)?
      Well, we've mined about 15 million bitcoin out of the 21 million maximum. Times 100 million that comes out to:
      1,500,000,000,000,000
      or, "One quadrillion five hundred trillion."
      How many satoshis is that for each human being alive today? Taking a 7-billion approximation, that comes out to:
      214,285 satoshis per human being.
      In a total bitcoin-takeover scenario, where bitcoin truly moons and comes out to a price of, say, $3 million per coin and goes into worldwide use, each satoshi would have to be worth about 3-cents.
      Thus, even in a total-bitcoin-victory scenario, it seems that there are enough satoshis in the world to run commerce at even the smallest level.
    • By admin
      First of all, the fundamentals of Bitcoin are excellent and the revolution it is leading continues to advance month after month, block after block. The number of Bitcoins that can be put into circulation is known to all. Thus, in 2030, the maximum supply for Bitcoin will always be 21 million.
      The demand for Bitcoin will increase in the coming years and with 8.6 billion people on Earth, the scarcity of Bitcoin will cause a sharp increase in its price.
       
       
      8,600,000,000 population on Earth
      21,000,000 bitcoin

       

    • Guest
      By Guest
      Since there are only 21,000,000 bitcoin in existence and a growing world population doesn’t that allow for some math simulations?
      Just curious what you think if it were left “unchecked”.

    • By admin
      Fundstrat's Tom Lee says bitcoin could be poised for a huge breakout. With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Brian Kelly, Dan Nathan and Tim Seymour.
       
       
    • By admin
      Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500.
      The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization, with just Bitcoin Cash (BCH), Litecoin (LTC) and Unus Sed Leo (LEO) seeing some losses at the time of writing.
      Meanwhile, Chainlink (LINK) and Cosmos (ATOM) are reporting the biggest gains among the top 20 over the past 24 hours, both up around 4%, according to Coin360.

      Market visualization. Source:  Hello guest! Please register or sign in (it's free) to view the hidden content.
      After trading around $7,400 price point for the better part of the day, Bitcoin spiked to hit an intraday high of $7,576 in a matter of minutes. At the time of publication, the major cryptocurrency is up 1%, trading at $7,450.
      Despite renewed upward movement, Bitcoin is still down over 3.5% on the past seven days as it failed to retest $7,800 on Nov. 30. Over the past 30 days, Bitcoin is still down around 20% from $9,286.
      Major U.S. financial regulator approves a new BTC futures-focused fund
      The new spike in Bitcoin’s price comes alongside news that the United States Securities and Exchange Commission approved another Bitcoin derivatives fund. As reported by Cointelegraph, BTC futures-focused NYDIG Bitcoin Strategy Fund is now allowed to offer its shares to institutional investors.
      The upward movement on crypto markets may be caused by the approaching Christmas holidays, according to a new report from analysts at crypto exchange SFOX. According to the researchers, Bitcoin searches on Google usually peak before holidays, not after. As such, on Nov. 28 — Thanksgiving in the U.S. — Bitcoin saw three consecutive days of price growth, the firm stated.
      Meanwhile, Twitter crypto personality Bitcoin Macro recently predicted that 2020 will be a “mind blowing year for crypto,” while “2019 was, and still is, the year to accumulate.”
      ...
      The total market capitalization accounts for $202.5 billion at the time of publication.
      Keep track of top crypto markets in real time here
      Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks.
      "The centralization of the Internet by companies such as Facebook and Google has created a distorted reality where fake news and blatant lies get the same treatment as documented truths,” said Mashinsky.
      Mashinsky said that the rise of centralized social media networks has resulted in an increase in fake news, causing a great deal of confusion regarding the basic facts of issues and events.
      Mashinsky also noted that fake news stories tend to increase reader engagement, which is then gets converted into huge profits for companies like Facebook and Google.
      “If such lies bring engagement (which is immediately converted into huge profits) then they deserve to be pushed and promoted by the world’s best algorithms, which work tirelessly to extract every dollar out of them. No need to worry about our democracy or human rights, corporate mega-profits can cure all ills if we just issue PR that we donated 1% of what we made to a school or the disabled,” said Mashinsky.
      A blockchain-based solution
      Mashinsky told Cointelegraph that a blockchain-based data platform is the only solution capable of combating fake news. A system such as this can verify the identity of users and the authenticity of data, bringing a much-needed layer of transparency to the online world.
      Mashinsky mentioned that a project like EOS Voice, which uses blockchain technology to record the inner operations of its network, will be one of the first decentralized applications to bring trust to the internet. EOS Voice is a social media platform that was unveiled by EOS creator Bock.One. The beta version is scheduled to launch on Feb.14, 2020.
      Unlike centralized social media networks that extract personal user information without permission, all operations across EOS Voice are recorded on the blockchain. Moreover, while Mashinsky noted that social networks are vulnerable to fake news due to the fact that anyone can post whatever they please, EOS Voice users must verify their identities. This provides a way to decrease fake accounts and illegitimate content, as everything posted can be traced back to specific people.
      Yet while platforms like EOS Voice are being brought to market, Mashinsky pointed out that gaining user traction remains a challenge.
      “Platforms designed to protect us and act in our best interest already exist. We are just waiting for 7 billion people to discover them. When they do, the entire internet will become an application on the blockchain” said Mashinsky.
      Blockchain economics
      To his point, Mashinsky presented a slide during his keynote entitled, “Blockchain Economics.” Written on the slide was “E=MC2”. In this case, E stood for Ethereum, M stood for members, and C stood for Consensus.
      “If you want the Ethereum blockchain to ever be valuable you need members and consensus,” explained Mashinsky.
      Mashinsky ended his keynote by explaining that we already went through the blockchain hype curve, but that we still need to cross the chasm. He noted that stable coins are a great stepping stone to get people to understand the potential of cryptocurrency. He also recommended to stop using centralized networks entirely:
      “The amazing thing is that if we stop this addiction, Facebook will lose their power and disappear just as fast as they got hold of it. How do I know that? I helped make the old phone companies that charged $700 a month to disappear. Now, it’s free because [Voice over IP] allows us to take the power back and leave these toll collectors behind. It is up to us to decide if the future will be more centralized or decentralized.”

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    • By admin
      “A lot of the dismissals, criticisms and attacks on Bitcoin come from people who have the luxury of having a stable financial system,“ says Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation. If we are not provided with options in terms of transactions, it can often be exploited by authoritarian regimes. At Slush, Alex takes the stage to explain how money has evolved and how cryptocurrencies matter for the future of freedom.
    • By admin
      Marc Andreessen on Bitcoin: "Bitcoin is still working today, exactly the same as it worked last year and the year before that and the year before that. By all the noise and all of the stuff and all of the crashes and this and that and the other thing, it just continues to work."
    • By admin
      I thought Bill Gates was shorting Bitcoin 😂
       
    • By LNN
      Last fall—back when you were chomping on romaine lettuce without a care in the world—bitcoin was busy steamrolling any and all naysayers on its way to a peak near $20,000. But today? The biggest cryptocurrency is wallowing closer to $4,000. Prices have plummeted as even the most bullish crypto investors start to reconsider. So how'd we get here, you ask? Well...
    • By TheWorldNewsOrg
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    • By TheWorldNewsOrg
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