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S&P 1700 within 6 Months


This is a new post after some interest in a comment why I believed the S&P is going to 1700.
Update 3: I am going to limit my answers in the comments guys; as the post becomes more popular it is becoming more diluted with snark etc. I don't expect anyone to follow my opinions; I just want to share one aspect of why I am making the trades I am. I maybe wrong. Random walk and all that..
Original Disclaimer: This is based on historical precedence and we are in unprecedented times but, with history as our guide a strong argument can be made for the S&P to decline to a level that is currently inconceivable. I have disclosed all my positions near the bottom.
Update 1: Slightly long; happy to be challenged in the comments, it is late in the UK (2am) so may tidy it up and add more references and charts tomorrow. Update 2: Have expanded the post to answer as many comments and requests for references wherever possible and tagged in the requestors.

Intro: Are we in a recession?

If you believe so, or that we are heading into a recession then there are four things needed to support a genuine rally out of a recession

We are missing 2 out of those 4 criteria; the overwhelming monetary and fiscal policy (world-records) are compensating for lack of positive indicators and volatile and bullish pricing.

What do you mean by pricing?

It can be argued that the current price of stocks is not discounting for the acute and likely chronic harm to consumer sentiment and spending power. For example; the UK clothing retailer Next Group closed their bricks and mortar stores (share price increased 4%) then they cancelled all online shopping (share price increased 3%) and finally they cancelled all orders with their supply chain (shares leapt 12.8% during the rally.) There is the massive amount of second, third and fourth order effects that this one company does to the UK economy (and Turkish factories). Suppliers, shipping, design, marketing etc all cancelled and the staff furloughed.
This is one example but the indexes are currently full of similar examples and some analysts are ringing the alarm bells.

Lazard Asset Management are concerned that the pandemic “will persist longer than many investors suspect and that the economic damage will be deeper and potentially longer-lasting”.
Reddit is quick to mention that stonks only go up but there is some truth to that sentiment at present since any negative factors are dismissed as being priced in and all positive factors are heralded as a cause for stocks to rally. If priced in was accurate then we would not see record-beating market rallies back to back. 10% volatility swings over 48 hours is the very definition of not priced in.
There is evidence to suggest that, well, the bullish sentiment is wrong and mainly because it is retail investors being taken for a ride whilst funds re-balance and offload.
Retail traders "buying the dips" is normally a contrarian signal, meaning that it's time to sell. This section is for u/lntoIerant in response to a comment.

Edit to answer some comments about this portion thus far.

Do retail investors move the market?
Are retail investors buying in greater volumes?
Are retail investors dumb money?

What does this have to do with the S&P dividend and the EPS?


Major indexes are comprised of stocks that pay handsome dividends; normally 2% yield a year. The companies have reached their limit of growth (HSBC haven't discovered 5 million new customers and Shell are not finding new fossil fuels) so investors hold the stock for income-seeking reasons.
The FTSE 100 was priced in to generate £89 billion in dividends for 2019 and £90 billion+ in 2020. That has largely collapsed.
The only companies that pay dividends are those taking on debt to do so like Shell. And they have; a 10Bn credit line to maintain dividends. The Bank of Englandhad to slap 5 UK banks from issuing dividends at this time. That means that their primary valuations as income-generating stocks are questionable...
...especially since the dividends are not expected to return to the 2020 levels for another 10 years now. Edit to add: This portion is taken from the market report by BNY Mellon. You can see the chart here. The analyst is John Velis of BNY. Thanks to u/flash_aaaah_ahhhhh for prompting me.

“By 2021, the market expects dividends per share for the S&P 500 to be down to under $38 per share (a staggering 41 per cent drop from recent highs of approximately $63 per share) and then to start slowly rising again. Going out 10 years to 2030, the expectation is that dividends will just about recover to pre-Covid-19 levels.”

Main body: Onto the S&P

In 2021 the market expects the dividends per share for the S&P to be reduced to $38 per share. That is priced in and common knowledge.
That is a 41% drop from the recent highs of $63 a share and seems alarming for income seeking investors since we are not expected to recover to those prices for 8-10 years. Source.
But DataTrek have noted that we are still currently trading at 21X the trailing 10 year earnings of $122 a share.
Dividends per share normally don't fall as far as earnings per share. But they are inverted at present.
For the S&P to be trading at 2,650 level (or even higher) it means the market does not believe the pandemic or recession will have any long-term damage. That puts us squarely at odds with items 3 and 4 in our list of factors needed to exit a bear market.

Talk to me about 2008!

Thanks to u/mister_woody for asking for more data.

In other recessions, including 2008, the dividend price per share drops approximately 12-15% but the earnings per share drop by considerably more; as much as 85%.
That means that in 2008 financial crisis and subsequent bear market; the dividends per share dropped by a lower percentage amount than the total index value drop.
You can see that in this chart here.

Right now, we have the reverse. Dividend share drop in this market is 41% (which is chilling) and market drop was approximately only 30% and rallying heavily back to the mid-20's only. That makes no financial sense unless the assets were being propped up by buyers...

If the S&P follows the same playbook at 2008-9, then we would expect to see levels of around 1400 at the bottom but that seems extremely bearish expecting that this crisis is worse than 2008.
If previous indications hold true, then we would expect the S&P to drop by approximately 50-60%ish at the true bottom to reflect the 41% decrease in expected shares plus additional discounts and negative market sentiment.
In reality, we are probably likely to pull back to between 13X and 15X trailing average which puts the S&P between 1600 (low side) and 1800 (high side).

You are putting a lot of faith in a re-run of the 2008 crisis

I am. No doubt about it. After October 2008, stocks fell for another four months, piling up 40% of losses before the recently ended bull market began in March 2009.

New market indicators

Since I wrote this post, the DJIA was up over 4% and closed down on the day.
Thank you to theTwitter feed of Jim Bianco for this: Since 1925 (95 yrs!), up more than 4% and closing down on the day has happened only one other time ... Oct 14, 2008 (Tsy Sec Hank Paulson forced the banks to take TARP money). The S&P 500 was up 3.5% at the high and closed down on the day. Since April 1982 (daily H,L,C began) has happened three other times...Oct 3, 08, Oct 14, 08, and Oct 17, 08.
This mkt continues to trade like Oct 08. It was six months and another 25% down before the low.
Bezinga are also playing up the 2008 similarities.

Why is bullish sentiment so wrong?

The negative reports are so wildly negative that the almost defy belief. We are dealing with insane numbers way beyond our traditional frame of reasoning. This is topped only by the insanity of the scale of quantitative easing. Less than a year ago, a small movement in the non-farm payrolls would lead to a 2-3% move in the markets; now we are hitting 700K jobs lost, a truly ugly number and the market rallies hugely. Future economic students will study this to try and understand what was happening.
In the space of weeks the majority of the Western economies have swung to being effectively state-sponsored, centralised economies and no one really knows how to unwind these positions.
It is impossible to reconcile being a bull with a centralised state economy and blue-chip stocks that refuse to pay dividends but the share price remains at the same levels as when they paid a 2% yield.
The UK forecast is for the deepest contraction since 1900. Business surveys have shown activity crashing faster in March than during the financial crisis. The Office for National Statistics has published experimental research on the impact of Covid-19 on the economy.

With entire swaths of the economy having shut down “traditional forecasting methods become irrelevant”, warned Chiara Zangarelli, economist at investment bank Nomura.
Michelle Girard, economist at NatWest, said that while there was huge uncertainty about the precise magnitude of the contraction in gross domestic product in the second quarter, “there is little doubt that it will be off the scale”
That is not a bullish sentiment. It means markets are acting irrationally since fundamentals are being dismissed as priced-in. In reality; nothing is priced in.

Disclosure


Spreads
Equities
Currency

Edit to add: So, your entire thesis is totally destroyed if companies keep paying dividends?

Yes.
In a nutshell.
But something else will be destroyed; the western taxpayer and future growth.

CEO said 'every pound we receive [in rates relief] will be invested in ensuring Tesco is able to support British shoppers...' That is tax payers paying a subsidy to a free-market company for the ability to shop...and also...
Mr Lewis said that the needs of savers and pension funds also needed to be considered in the debate around dividends. “We’ve thought long and hard about our responsibilities here . . . we are in a strong position to pay out for the benefit of those people

Edit to add: What about the FED and stimulus


u/tauriel81 and u/aliveintucson325 and u/100PERCENTYOLO_VEQT
OK - to truly test my own assumptions; here is my argument AGAINST my position.
The Fed have not quite printed money as Reddit loves to meme. They have issued liquidity and central banks worldwide have allowed banks to relax their requirement to hold reserves of cash. That injects money into the business world by allowing lending and borrowing to continue. It also reduces theoretical risk since the models are back within tolerance.
When the time comes they will remove the credits gradually without causing hyperinflation. They do this by paying banks not to lend back into the system by holding a % of their assets at the Federal Reserve. So they pay the banks but the banks keep the deposit at the Fed and don't pass on the liquidity to potential borrowers..gradually and sustainably.
https://www.aier.org/article/powells-new-monetary-regime/
That means the borrower of the future (home purchasers, entreprenuers etc) will have very few credit facilities available so RIP to the long-term economic growth.
We also have unprecedented government support for citizens. The largest social security welfare plan since WW2, especially in Europe.
If you believe that the Western economies can weather this storm using the bridging devices by central banks then it pays to dollar cost average into the market and keep buying the dips as a retail investor.
Lots of buoyant news from European nations and China about the slowing pandemic is overwhelming the negative leading and lagging economic indicators about economic data.
If you believe the economy can return to normal within 36 months, then it pay to be bullish and invest.
If you are day-trading, swing-trading or short-term options trading then the overwhelming market moves are likely to crush people as the system flexes under lots of volatility. You are also likely prioritising the negative news and technical analysis in your filter bubble and de-prioritising the positive news particularly when that news is fiscal or monetary policy since those things are dry, boring and incomprehensible half the time.
So you miss Fed backstops critical bankingi and instead hear UK Prime Minister in intensive care.
If you want to know what is going on...

Decide where you making a prediction. Plan your trade, trade your plan.
How do the FED take money back out of the economy?
They FED purchase the security initially to then sell it back to the asset-holder later. So the balance of credit-deficit merely swaps but by paying a small premium on the excesses that they hold, they can cushion the inflation or deflation of the currency.
So, they effectively give the bank liquidity and then remove that liquidity later by passing the asset back...but also provide a small premium to cushion the blow; 50% of the premium is then held on Federal Reserve books so that the market is not flooded with new money.
The FED previously reduced their balance sheet from $4.4 trillion to $3.7 trillion but it remains to be seen if they can unwind a position of this size.

TL:DR



submitted by DongusMcLongus to StockMarket [link] [comments]

TRADE OF THE DAY: AMD ($AMD) Sell $60 Put 25SEP (Cash-Secured Put) [08/11/20]

I'm proud to announce that I will be voting for Kony 2020!
Pre-Market Summary
S&P 500 futures hit a record high as investors shrugged off continuing U.S.-China tensions and instead focused on news of an approved, if largely unclear, Russian vaccine, and more stimulus optimism as President Donald Trump said he’s considering a tax cut on capital gains. According to Reuters calculations at the current levels, the benchmark index is set to open about 12 points below its Feb. 19 record peak of 3,393.52.
American Airlines and Carnival led a boom in travel shares in the premarket. The S&P 500 closed less than 1% below its record high on Monday as investors extended a rotation into value stocks from heavyweight tech-related names. At 8:00 a.m. ET, S&P 500 e-minis were up 23.25 points, or 0.69%, topping an all-time high of 3,372.25 points last hit on Feb. 20.
A rally in the tech megacaps including Amazon, Netflix and Apple that thrived during the shutdowns helped the Nasdaq reclaim its all-time high in June, while the Dow still remains about 6% below its peak.
“Equity has never looked cheaper compared to fixed income and the like,” Jun Bei Liu, portfolio manager at Tribeca Investment Partners, said in a Bloomberg TV interview. “If you want any return, any yield, any income or even any growth you have to go to equities.”
Top Overnight News
Trade Of The Day
Advanced Micro Devices (AMD) recently exploded higher from a well-established base, and we had this as our "trade of the day" shortly before it broke out for a 45% gain in about two weeks. At this point, many retail traders are "chasing" it higher, but we've learned over the years to nail the aggressive entry BEFORE it moves, not at the end of the move. After an explosive move like AMD's had, what can you do?
SELL PUT OPTIONS!
The price of AMD has moved down over the last couple of days and might give those who can sell options an opportunity to "get paid for the pullback."
If I sell the AMD 25SEP $60 put options for at least a $.60 credit, I can immediately receive $60 per contract sold and that cash goes straight to my account balance. My obligation for receiving this cash is that I would commit to buying AMD should the price pull back to below $60/share by the 25th of September. I would want to buy that pullback entry anyway, but now I can get paid for watching AMD pull back in price.
Should the price continue rallying higher, then my obligation to buy at $60/share simply evaporates after 25 September and I keep the $60/contract. Even if the price pulls back to $61/share by 25 September, I still keep the cash and let the obligation expire.
Only if the price actually pulls back to $60/share or lower - highly unlikely barring some exogenous event - will I be required to do anything. This is a "cash-secured put option" play, meaning that I have to have the cash tucked away in my account to be able to fund that purchase of AMD stock should I be assigned on 25 September, and that amounts to having $6000 per contract available.
This is the epitome of "passive income," being paid a 1% return on my capital for the next 45 days for doing absolutely nothing. We wrote a guide to Cash-Secured Short Puts that you can access here.
Disclaimer — This is a trade idea meant to help anyone learning options or looking for outside opinion, not an instruction manual for what to do with your money. You are the only one responsible for your portfolio.
Consider joining the tradoftheday subreddit to submit your own trade of the day & talk more about stocks / options / crypto / spacs / everything else trading!
Cheers and beers,
ReadySetTrade
submitted by ready-set-trade to options [link] [comments]

How Do Stablecoins Behave During Corona Time?

During this widespread chaos, the stablecoin market shows strong growth. While most cryptocurrencies have experienced a decrease in market capitalization this month, stablecoins are just about to celebrate a victory – the collapse of the cryptocurrency market affected them the least.
Recently, the volume of assets parked in stablecoins has significantly increased in the crypto market. This indicates a strong hesitation of investors.
The benefits offered by dollar-linked digital assets have indeed become particularly evident in the context of the coronavirus pandemic. Recently, the authorities of several countries, including China, Iran, and Hungary, were seriously alarmed by the threat of infection of citizens through paper bills.
There is a high level of volatility and uncertainty on world markets, and it has covered not only stocks and raw materials, but also the cryptocurrency market. In this context, there has been a noticeable influx of capital into stablecoins, which caused great doubt and indecision among investors.
The total market capitalization of all stablecoins has recently reached a new record high and exceeded $7 billion. This may indicate that investors lost their positions on the volatile and disappointing Bitcoin, Ethereum, and other cryptocurrencies – at the same time, they still were not ready to completely say goodbye to the cryptocurrency market.

The economy is sagging — stablecoins are getting stronger

Recent weeks have been difficult for traders, no matter what they trade. World stocks, oil, gold, Bitcoin – all assets were thrown up and down, as the destructive consequences of the coronavirus pandemic for the world economy became increasingly apparent.
Meanwhile, among all this chaos, this market segment continues to demonstrate not only sustainability but also growth.
However, due to a sharp drop in the value of assets against which USDT is traded, Tether's trading volume fell 20% from $60 billion to $48 billion over the same period.
Stablecoin is a relatively young phenomenon in the crypto industry, nevertheless, it quickly gained popularity among traders who want to withdraw their funds from the volatile Bitcoins and other cryptocurrencies, but not to leave the cryptocurrency market. Players consider stablecoins an island of stability due to their attachment to more traditional currencies and assets.
At the end of 2017, the market capitalization of the stablecoins did not reach $1 billion. By mid-2018, this figure exceeded $3 billion. At the end of January of this year, BeInCrypto editors reported that at the time of publication, there had been placed about $6 billion of stablecoins awaiting a signal to enter the market.

Over $7 billion at a low start

Since then, this figure has grown significantly again. Currently, the massive panic in world markets has further strengthened the position of stablecoins. Stablecoins are chosen more often compared to other cryptocurrencies.
As Bloqport (an analytical resource) recently reported, the stablecoin market has grown by an impressive $1.5 billion only during the last month. Bloqport is optimistic about these figures and believes that investors are just waiting for a convenient moment to enter the cryptocurrency market. Then a sharp influx of capital into Bitcoin and other cryptocurrencies will cause their active growth.
However, while the market fear index is at an extreme point, such a rally cannot be expected. Moreover, at the moment, such an increase in the stability of the stablecoin market only means that players use stablecoins as a hedging tool against the cryptocurrency market itself.
The Financial Stability Board of 20 countries (G20) presented a report on the study of stablecoins. The report noted that their recent popularity can even create excessive competition for traditional money.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to USDC [link] [comments]

How Do Stablecoins Behave During Corona Time?

During this widespread chaos, the stablecoin market shows strong growth. While most cryptocurrencies have experienced a decrease in market capitalization this month, stablecoins are just about to celebrate a victory – the collapse of the cryptocurrency market affected them the least.
Recently, the volume of assets parked in stablecoins has significantly increased in the crypto market. This indicates a strong hesitation of investors.
The benefits offered by dollar-linked digital assets have indeed become particularly evident in the context of the coronavirus pandemic. Recently, the authorities of several countries, including China, Iran, and Hungary, were seriously alarmed by the threat of infection of citizens through paper bills.
There is a high level of volatility and uncertainty on world markets, and it has covered not only stocks and raw materials, but also the cryptocurrency market. In this context, there has been a noticeable influx of capital into stablecoins, which caused great doubt and indecision among investors.
The total market capitalization of all stablecoins has recently reached a new record high and exceeded $7 billion. This may indicate that investors lost their positions on the volatile and disappointing Bitcoin, Ethereum, and other cryptocurrencies – at the same time, they still were not ready to completely say goodbye to the cryptocurrency market.

The economy is sagging — stablecoins are getting stronger

Recent weeks have been difficult for traders, no matter what they trade. World stocks, oil, gold, Bitcoin – all assets were thrown up and down, as the destructive consequences of the coronavirus pandemic for the world economy became increasingly apparent.
Meanwhile, among all this chaos, this market segment continues to demonstrate not only sustainability but also growth.
However, due to a sharp drop in the value of assets against which USDT is traded, Tether's trading volume fell 20% from $60 billion to $48 billion over the same period.
Stablecoin is a relatively young phenomenon in the crypto industry, nevertheless, it quickly gained popularity among traders who want to withdraw their funds from the volatile Bitcoins and other cryptocurrencies, but not to leave the cryptocurrency market. Players consider stablecoins an island of stability due to their attachment to more traditional currencies and assets.
At the end of 2017, the market capitalization of the stablecoins did not reach $1 billion. By mid-2018, this figure exceeded $3 billion. At the end of January of this year, BeInCrypto editors reported that at the time of publication, there had been placed about $6 billion of stablecoins awaiting a signal to enter the market.

Over $7 billion at a low start

Since then, this figure has grown significantly again. Currently, the massive panic in world markets has further strengthened the position of stablecoins. Stablecoins are chosen more often compared to other cryptocurrencies.
As Bloqport (an analytical resource) recently reported, the stablecoin market has grown by an impressive $1.5 billion only during the last month. Bloqport is optimistic about these figures and believes that investors are just waiting for a convenient moment to enter the cryptocurrency market. Then a sharp influx of capital into Bitcoin and other cryptocurrencies will cause their active growth.
However, while the market fear index is at an extreme point, such a rally cannot be expected. Moreover, at the moment, such an increase in the stability of the stablecoin market only means that players use stablecoins as a hedging tool against the cryptocurrency market itself.
The Financial Stability Board of 20 countries (G20) presented a report on the study of stablecoins. The report noted that their recent popularity can even create excessive competition for traditional money.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to Tether [link] [comments]

How Do Stablecoins Behave During Corona Time?

During this widespread chaos, the stablecoin market shows strong growth. While most cryptocurrencies have experienced a decrease in market capitalization this month, stablecoins are just about to celebrate a victory – the collapse of the cryptocurrency market affected them the least.
Recently, the volume of assets parked in stablecoins has significantly increased in the crypto market. This indicates a strong hesitation of investors.
The benefits offered by dollar-linked digital assets have indeed become particularly evident in the context of the coronavirus pandemic. Recently, the authorities of several countries, including China, Iran, and Hungary, were seriously alarmed by the threat of infection of citizens through paper bills.
There is a high level of volatility and uncertainty on world markets, and it has covered not only stocks and raw materials, but also the cryptocurrency market. In this context, there has been a noticeable influx of capital into stablecoins, which caused great doubt and indecision among investors.
The total market capitalization of all stablecoins has recently reached a new record high and exceeded $7 billion. This may indicate that investors lost their positions on the volatile and disappointing Bitcoin, Ethereum, and other cryptocurrencies – at the same time, they still were not ready to completely say goodbye to the cryptocurrency market.

The economy is sagging — stablecoins are getting stronger

Recent weeks have been difficult for traders, no matter what they trade. World stocks, oil, gold, Bitcoin – all assets were thrown up and down, as the destructive consequences of the coronavirus pandemic for the world economy became increasingly apparent.
Meanwhile, among all this chaos, this market segment continues to demonstrate not only sustainability but also growth.
However, due to a sharp drop in the value of assets against which USDT is traded, Tether's trading volume fell 20% from $60 billion to $48 billion over the same period.
Stablecoin is a relatively young phenomenon in the crypto industry, nevertheless, it quickly gained popularity among traders who want to withdraw their funds from the volatile Bitcoins and other cryptocurrencies, but not to leave the cryptocurrency market. Players consider stablecoins an island of stability due to their attachment to more traditional currencies and assets.
At the end of 2017, the market capitalization of the stablecoins did not reach $1 billion. By mid-2018, this figure exceeded $3 billion. At the end of January of this year, BeInCrypto editors reported that at the time of publication, there had been placed about $6 billion of stablecoins awaiting a signal to enter the market.

Over $7 billion at a low start

Since then, this figure has grown significantly again. Currently, the massive panic in world markets has further strengthened the position of stablecoins. Stablecoins are chosen more often compared to other cryptocurrencies.
As Bloqport (an analytical resource) recently reported, the stablecoin market has grown by an impressive $1.5 billion only during the last month. Bloqport is optimistic about these figures and believes that investors are just waiting for a convenient moment to enter the cryptocurrency market. Then a sharp influx of capital into Bitcoin and other cryptocurrencies will cause their active growth.
However, while the market fear index is at an extreme point, such a rally cannot be expected. Moreover, at the moment, such an increase in the stability of the stablecoin market only means that players use stablecoins as a hedging tool against the cryptocurrency market itself.
The Financial Stability Board of 20 countries (G20) presented a report on the study of stablecoins. The report noted that their recent popularity can even create excessive competition for traditional money.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to CryptoMarkets [link] [comments]

How Do Stablecoins Behave During Corona Time?

During this widespread chaos, the stablecoin market shows strong growth. While most cryptocurrencies have experienced a decrease in market capitalization this month, stablecoins are just about to celebrate a victory – the collapse of the cryptocurrency market affected them the least.
Recently, the volume of assets parked in stablecoins has significantly increased in the crypto market. This indicates a strong hesitation of investors.
The benefits offered by dollar-linked digital assets have indeed become particularly evident in the context of the coronavirus pandemic. Recently, the authorities of several countries, including China, Iran, and Hungary, were seriously alarmed by the threat of infection of citizens through paper bills.
There is a high level of volatility and uncertainty on world markets, and it has covered not only stocks and raw materials, but also the cryptocurrency market. In this context, there has been a noticeable influx of capital into stablecoins, which caused great doubt and indecision among investors.
The total market capitalization of all stablecoins has recently reached a new record high and exceeded $7 billion. This may indicate that investors lost their positions on the volatile and disappointing Bitcoin, Ethereum, and other cryptocurrencies – at the same time, they still were not ready to completely say goodbye to the cryptocurrency market.

The economy is sagging — stablecoins are getting stronger

Recent weeks have been difficult for traders, no matter what they trade. World stocks, oil, gold, Bitcoin – all assets were thrown up and down, as the destructive consequences of the coronavirus pandemic for the world economy became increasingly apparent.
Meanwhile, among all this chaos, this market segment continues to demonstrate not only sustainability but also growth.
However, due to a sharp drop in the value of assets against which USDT is traded, Tether's trading volume fell 20% from $60 billion to $48 billion over the same period.
Stablecoin is a relatively young phenomenon in the crypto industry, nevertheless, it quickly gained popularity among traders who want to withdraw their funds from the volatile Bitcoins and other cryptocurrencies, but not to leave the cryptocurrency market. Players consider stablecoins an island of stability due to their attachment to more traditional currencies and assets.
At the end of 2017, the market capitalization of the stablecoins did not reach $1 billion. By mid-2018, this figure exceeded $3 billion. At the end of January of this year, BeInCrypto editors reported that at the time of publication, there had been placed about $6 billion of stablecoins awaiting a signal to enter the market.

Over $7 billion at a low start

Since then, this figure has grown significantly again. Currently, the massive panic in world markets has further strengthened the position of stablecoins. Stablecoins are chosen more often compared to other cryptocurrencies.
As Bloqport (an analytical resource) recently reported, the stablecoin market has grown by an impressive $1.5 billion only during the last month. Bloqport is optimistic about these figures and believes that investors are just waiting for a convenient moment to enter the cryptocurrency market. Then a sharp influx of capital into Bitcoin and other cryptocurrencies will cause their active growth.
However, while the market fear index is at an extreme point, such a rally cannot be expected. Moreover, at the moment, such an increase in the stability of the stablecoin market only means that players use stablecoins as a hedging tool against the cryptocurrency market itself.
The Financial Stability Board of 20 countries (G20) presented a report on the study of stablecoins. The report noted that their recent popularity can even create excessive competition for traditional money.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

How Do Stablecoins Behave During Corona Time?

During this widespread chaos, the stablecoin market shows strong growth. While most cryptocurrencies have experienced a decrease in market capitalization this month, stablecoins are just about to celebrate a victory – the collapse of the cryptocurrency market affected them the least.
Recently, the volume of assets parked in stablecoins has significantly increased in the crypto market. This indicates a strong hesitation of investors.
The benefits offered by dollar-linked digital assets have indeed become particularly evident in the context of the coronavirus pandemic. Recently, the authorities of several countries, including China, Iran, and Hungary, were seriously alarmed by the threat of infection of citizens through paper bills.
There is a high level of volatility and uncertainty on world markets, and it has covered not only stocks and raw materials, but also the cryptocurrency market. In this context, there has been a noticeable influx of capital into stablecoins, which caused great doubt and indecision among investors.
The total market capitalization of all stablecoins has recently reached a new record high and exceeded $7 billion. This may indicate that investors lost their positions on the volatile and disappointing Bitcoin, Ethereum, and other cryptocurrencies – at the same time, they still were not ready to completely say goodbye to the cryptocurrency market.

The economy is sagging — stablecoins are getting stronger

Recent weeks have been difficult for traders, no matter what they trade. World stocks, oil, gold, Bitcoin – all assets were thrown up and down, as the destructive consequences of the coronavirus pandemic for the world economy became increasingly apparent.
Meanwhile, among all this chaos, this market segment continues to demonstrate not only sustainability but also growth.
However, due to a sharp drop in the value of assets against which USDT is traded, Tether's trading volume fell 20% from $60 billion to $48 billion over the same period.
Stablecoin is a relatively young phenomenon in the crypto industry, nevertheless, it quickly gained popularity among traders who want to withdraw their funds from the volatile Bitcoins and other cryptocurrencies, but not to leave the cryptocurrency market. Players consider stablecoins an island of stability due to their attachment to more traditional currencies and assets.
At the end of 2017, the market capitalization of the stablecoins did not reach $1 billion. By mid-2018, this figure exceeded $3 billion. At the end of January of this year, BeInCrypto editors reported that at the time of publication, there had been placed about $6 billion of stablecoins awaiting a signal to enter the market.

Over $7 billion at a low start

Since then, this figure has grown significantly again. Currently, the massive panic in world markets has further strengthened the position of stablecoins. Stablecoins are chosen more often compared to other cryptocurrencies.
As Bloqport (an analytical resource) recently reported, the stablecoin market has grown by an impressive $1.5 billion only during the last month. Bloqport is optimistic about these figures and believes that investors are just waiting for a convenient moment to enter the cryptocurrency market. Then a sharp influx of capital into Bitcoin and other cryptocurrencies will cause their active growth.
However, while the market fear index is at an extreme point, such a rally cannot be expected. Moreover, at the moment, such an increase in the stability of the stablecoin market only means that players use stablecoins as a hedging tool against the cryptocurrency market itself.
The Financial Stability Board of 20 countries (G20) presented a report on the study of stablecoins. The report noted that their recent popularity can even create excessive competition for traditional money.
Keep up with the news of the crypto world at CoinJoy.io Follow us on Twitter and Medium. Subscribe to our YouTube channel. Join our Telegram channel. For any inquiries mail us at [[email protected]](mailto:[email protected]).
submitted by CoinjoyAssistant to StableCoins [link] [comments]

Transcript of Bitcoin ABC’s Amaury Sechet presenting at the Bitcoin Cash City conference on September 5th, 2019

Transcript of Bitcoin ABC’s Amaury Sechet presenting at the Bitcoin Cash City conference on September 5th, 2019
I tried my best to be as accurate as possible, but if there are any errors, please let me know so I can fix. I believe this talk is important for all Bitcoin Cash supporters, and I wanted to provide it in written form so people can read it as well as watch the video: https://www.youtube.com/watch?v=uOv0nmOe1_o For me, this was the first time I felt like I understood the issues Amaury's been trying to communicate, and I hope that reading this presentation might help others understand as well.
Bitcoin Cash’s Culture
“Okay. Hello? Can you hear me? The microphone is good, yeah?
Ok, so after that introduction, I’m going to do the only thing that I can do now, which is disappoint you, because well, that was quite something.
So usually I make technical talks and this time it’s going to be a bit different. I’m going to talk about culture in the Bitcoin Cash ecosystem. So first let’s talk about culture, like what is it? It’s ‘the social behaviors and norms found in human society.’
So we as the Bitcoin Cash community, we are a human society, or at least we look like it. You’re all humans as far as I know, and we have social behaviors and norms, and those social behaviors and norms have a huge impact on the project.
And the reason why I want to focus on that point very specifically is because we have better fundamentals and we have a better product and we are more useful than most other cryptos out there. And I think that’s a true statement, and I think this is a testimony of the success of BCH. But also, we are only just 3% of BTC’s value. So clearly there is something that we are not doing right, and clearly it’s not fundamental, it’s not product, it’s not usefulness. It’s something else, and I think this can be found somewhat in our culture.
So I have this quote here, from Naval Ravikant. I don’t know if you guys know him but he’s a fairly well known speaker and thinker, and he said, “Never trust anyone who does not annoy you from time to time, because it means that they are only telling you what you want to hear.”
And so today I am going to annoy you a bit, in addition to disappointing you, so yeah, it’s going to be very bad, but I feel like we kind of need to do it.
So there are two points, mainly, that I think our culture is not doing the right thing. And those are gonna be infrastructure and game theory. And so I’m going to talk a little bit about infrastructure and game theory.
Right, so, I think there are a few misconceptions by people that are not used to working in software infrastructure in general, but basically, it works like any other kind of infrastructure. So basically all kinds of infrastructure decay, and we are under the assumption that technology always gets better and better and better and never decays. But in terms of that, it actually decays all the time, and we have just a bunch of engineers working at many many companies that keep working at making it better and fighting that decay.
I’m going to take a few examples, alright. Right now if you want to buy a cathode ray tube television or monitor for your computer (I’m not sure why you want to do that because we have better stuff now), but if you want to buy that, it’s actually very difficult now. There are very little manufacturers that even know how to build them. We almost forgot as a human society how to build those stuff. Because, well, there was not as high of a demand for them as there was before, and therefore nobody really worked on maintaining the knowledge or the know how, and the factories, none of that which are required to build those stuff, and therefore we don’t build them. And this is the same for vinyl discs, right? You can buy vinyl disk today if you want, but it’s actually more expensive than it used to be twenty years ago.
We used to have space shuttles. Both Russia and US used to have space shuttles. And now only the US have space shuttles, and now nobody has space shuttles anymore.
And there is an even better counter example to that. It’s that the US, right now, is refining Uranium for nuclear weapons. Like on a regular basis there are people working on that problem. Except that the US doesn’t need any new uranium to make nuclear weapons because they are decommissioning the weapons that are too old and can reuse that uranium to build the new weapon that they are building. The demand for that is actually zero, and still there are people making it and they are just basically making it and storing it forever, and it’s never used. So why is the US spending money on that? Well you would say governments are usually pretty good at spending money on stuff that are not very useful, but in that case there is a very good reason. And the good reason is that they don’t want to forget how it’s done. Because maybe one day it’s going to be useful. And acquiring the whole knowledge of working with uranium and making enriched uranium, refining uranium, it’s not obvious. It’s a very complicated process. It involves very advanced engineering and physics, a lot of that, and keeping people working on that problem ensures that knowledge is kept through time. If you don’t do that, those people are going to retire and nobody will know how to do it. Right.
So in addition to decaying infrastructure from time to time, we can have zero days in software, meaning problems in the software that are not now exploited live on the network. We can have denial of service attack, we can have various failures on the network, or whatever else, so just like any other infrastructure we need people that essentially take care of the problem and fight the decay constantly doing maintenance and also be ready to intervene whenever there is some issue. And that means that even if there is no new work to be done, you want to have a large enough group of people that are working on that everyday just making it all nice and shiny so that when something bad happens, you have people that understand how the system works. So even if for nothing else, you want a large enough set of people working on infrastructure for that to be possible.
So we’re not quite there yet, and we’re very reliant on BTC. Because the software that we’re relying on to run the network is actually a fork to the BTC codebase. And this is not specific to Bitcoin Cash. This is also true for Litecoin, and Dash, and Zcash and whatever. There are many many crypotos that are just a fork of the Bitcoin codebase. And all those crypos they actually are reliant on BTC to do some maintenance work because they have smaller teams working on the infrastructure. And as a result any rational market cannot price those other currencies higher than BTC. It would just not make sense anymore. If BTC were to disappear, or were to fail on the market, and this problem is not addressed, then all those other currencies are going to fail with it. Right? And you know that may not be what we want, but that’s kind of like where we are right now.
So if we want to go to the next level, maybe become number one in that market, we need to fix that problem because it’s not going to happen without it.
So I was mentioning the 3% number before, and it’s always very difficult to know what all the parameters are that goes into that number, but one of them is that. Just that alone, I’m sure that we are going to have a lower value than BTC always as long as we don’t fix that problem.
Okay, how do we fix that problem? What are the elements we have that prevent us from fixing that problem? Well, first we need people with very specific skill sets. And the people that have experience in those skill sets, there are not that many of them because there are not that many places where you can work on systems involving hundreds of millions, if not billions of users, that do like millions of transactions per second, that have systems that have hundreds of gigabytes per second of throughput, this kind of stuff. There are just not that many companies in the world that operate on that scale. And as a result, the number of people that have the experience of working on that scale is also pretty much limited to the people coming out of those companies. So we need to make sure that we are able to attract those people.
And we have another problem that I talked about with Justin Bons a bit yesterday, that we don’t want to leave all that to be fixed by a third party.
It may seem nice, you know, so okay, I have a big company making good money, I’m gonna pay people working on the infrastructure for everybody. I’m gonna hire some old-time cypherpunk that became famous because he made a t-shirt about ERISA and i’m going to use that to promote my company and hire a bunch of developers and take care of the infrastructure for everybody. It’s all good people, we are very competent. And indeed they are very competent, but they don’t have your best interest in mind, they have their best interest in mind. And so they should, right? It’s not evil to have your own interest in mind, but you’ve got to remember that if you delegate that to others, they have their best interest in mind, they don’t have yours. So it’s very important that you have different actors that have different interests that get involved into that game of maintaining the infrastructure. So they can keep each other in check.
And if you don’t quite understand the value proposition for you as a business who builds on top of BCH, the best way to explain that to whoever is doing the financials of your company is as an insurance policy. The point of the insurance on the building where your company is, or on the servers, is so that if everything burns down, you can get money to get your business started and don’t go under. Well this is the same thing. Your business relies on some infrastructure, and if this infrastructure ends up going down, disappearing, or being taken in a direction that doesn’t fit your business, your business is toast. And so you want to have an insurance policy there that insures that the pieces that you’re relying on are going to be there for you when you need them.
Alright let’s take an example. In this example, I purposefully did not put any name because I don’t want to blame people. I want to use this as an example of a mistake that were made. I want you to understand that many other people have done many similar mistakes in that space, and so if all you take from what I’m saying here is like those people are bad and you should blame them, this is like completely the wrong stuff. But I also think it’s useful to have a real life example.
So on September 1st, at the beginning of the week, we had a wave of spam that was broadcasted on the network. Someone made like a bunch of transactions, and those were very visibly transactions that were not there to actually do transactions, they were there just to create a bunch of load on the network and try to disturb its good behavior.
And it turned out that most miners were producing blocks from 2 to 8 megabytes, while typical market demand is below half a megabyte, typically, and everything else above that was just spam, essentially. And if you ask any people that have experience in capacity planning, they are going to tell you that those limits are appropriate. The reason why, and the alternative to raising those limits that you can use to mitigate those side effects are a bit complicated and they would require a talk in and of itself to go into, so I’m going to just use an argument from authority here, but trust me, I know what I’m talking about here, and this is just like raising those limits is just not the solution. But some pool decided to increase that soft cap to 32 megs. And this has two main consequences that I want to dig in to explain what is not the right solution.
And the first one is that we have businesses that are building on BCH today. And those businesses are the ones that are providing value, they are the ones making our network valuable. Right? So we need to treat those people as first class citizens. We need to attract and value them as much as we can. And those people, they find themselves in the position where they can either dedicate their resources and their attention and their time to make their service better and more valuable for users, or maybe expand their service to more countries, to more markets, to whatever, they can do a lot of stuff, or they can spend their time and resources to make sure the system works not when you have like 10x the usual load, but also 100x the usual load. And this is something that is not providing value to them, this is something that is not providing value to us, and I would even argue that this is something that is providing negative value.
Because if those people don’t improve their service, or build new services, or expand their service to new markets, what’s going to happen is that we’re not going to do 100x. 100x happens because people provide useful services and people start using it. And if we distract those people so that they need to do random stuff that has nothing to do with their business, then we’re never going to do 100x. And so having a soft cap that is way way way above what is the usual market demand (32 megs is almost a hundred times what is the market demand for it), it’s actually a denial of service attack that you open for anyone that is building on the chain.
We were talking before, like yesterday we were asking about how do we attract developers, and one of the important stuff is that we need to value that over valuing something else. And when we take this kind of move, the signal that we send to the community, to the people working on that, is that people yelling very loudly on social media, their opinion is more valued than your work to make a useful service building on BCH. This is an extremely bad signal to send. So we don’t want to send those kind of signals anymore.
That’s the first order effect, but there’s a second order effect, and the second order effect is to scale we need people with experience in capacity planning. And as it turns out big companies like Google, and Facebook, and Amazon pay good money, they pay several 100k a year to people to do that work of capacity planning. And they wouldn’t be doing that if they just had to listen to people yelling on social media to find the answer. Right? It’s much cheaper to do the simple option, except the simple option is not very good because this is a very complex engineering problem. And not everybody is like a very competent engineer in that domain specifically. So put yourself in the shoes of some engineers who have skills in that particular area. They see that happening, and what do they see? The first thing that they see is that if they join that space, they’re going to have some level of competence, some level of skill, and it’s going to be ignored by the leaders in that space, and ignoring their skills is not the best way to value it as it turns out. And so because of that, they are less likely to join it. But there is a certain thing that they’re going to see. And that is that because they are ignored, some shit is going to happen, some stuff are going to break, some attacks are going to be made, and who is going to be called to deal with that? Well, it’s them. Right? So not only are they going to be not valued for their stuff, the fact that they are not valued for their stuff is going to put them in a situation where they have to put out a bunch of fires that they would have known to avoid in the first place. So that’s an extremely bad value proposition for them to go work for us. And if we’re going to be a world scale currency, then we need to attract those kinds of people. And so we need to have a better value proposition and a better signaling that we send to them.
Alright, so that’s the end of the first infrastructure stuff. Now I want to talk about game theory a bit, and specifically, Schelling points.
So what is a Schelling point? A Schelling point is something that we can agree on without especially talking together. And there are a bunch of Schelling points that exist already in the Bitcoin space. For instance we all follow the longest chain that have certain rules, right? And we don’t need to talk to each other. If I’m getting my wallet and I have some amount of money and I go to any one of you here and you check your wallet and you have that amount of money and those two amounts agree. We never talk to each other to come to any kind of agreement about how much each of us have in terms of money. We just know. Why? Because we have a Schelling point. We have a way to decide that without really communicating. So that’s the longest chain, but also all the consensus rules we have are Schelling points. So for instance, we accept blocks up to a certain size, and we reject blocks that are bigger than that. We don’t constantly talk to each other like, ‘Oh by the way do you accept 2 mb blocks?’ ‘Yeah I do.’ ‘Do you accept like 3 mb blocks? And tomorrow will you do that?’
We’re not doing this as different actors in the space, constantly worrying each other. We just know there is a block size that is a consensus rule that is agreed upon by almost everybody, and that’s a consensus rule. And all the other consensus rules are effectively changing Schelling points. And our role as a community is to create valuable Schelling points. Right? You want to have a set of rules that provide as much value as possible for different actors in the ecosystem. Because this is how we win. And there are two parts to that. Even though sometimes we look and it’s just one thing, but there are actually two things.
The first one is that we need to decide what is a valuable Schelling point. And I think we are pretty good at this. And this is why we have a lot of utility and we have a very strong fundamental development. We are very good at choosing what is a good Schelling point. We are very bad at actually creating it and making it strong.
So I’m going to talk about that.
How do you create a new Schelling point. For instance, there was a block size, and we wanted a new block size. So we need to create a new Schelling point. How do you create a new Schelling point that is very strong? You need a commitment strategy. That’s what it boils down to. And the typical example that is used when discussing Schelling points is nuclear warfare. So think about that a bit. You have two countries that both have nuclear weapons. And one country sends a nuke on the other country. Destroys some city, whatever, it’s bad. When you look at it from a purely rational perspective, you will assume that people are very angry, and that they want to retaliate, right? But if you put that aside, there is actually no benefit to retaliating. It’s not going to rebuild the city, it’s not going to make them money, it’s not going to give them resources to rebuild it, it’s not going to make new friends. Usually not. It’s just going to destroy some stuff in the other guy that would otherwise not change anything because the other guys already did the damage to us. So if you want nuclear warfare to actually prevent war like we’ve seen mostly happening in the past few decades with the mutually assured destruction theory, you need each of those countries to have a very credible commitment strategy, which is if you nuke me, I will nuke you, and I’m committing to that decision no matter what. I don’t care if it’s good or bad for me, if you nuke me, I will nuke you. And if you can commit to that strongly enough so that it’s credible for other people, it’s most likely that they are not going to nuke you in the first place because they don’t want to be nuked. And it’s capital to understand that this commitment strategy, it’s actually the most important part of it. It’s not the nuke, it’s not any of it, it’s the commitment strategy. You have the right commitment strategy, you can have all the nuke that you want, it’s completely useless, because you are not deterring anyone from attacking you.
There are many other examples, like private property. It’s something usually you’re going to be willing to put a little bit of effort to defend, and the effort is usually way higher than the value of the property itself. Because this is your house, this is your car, this is your whatever, and you’re pretty committed to it, and therefore you create a Schelling point over the fact that this is your house, this is your car, this is your whatever. People are willing to use violence and whatever to defend their property. This is effectively, even if you don’t do it yourself, this is what happens when you call the cops, right? The cops are like you stop violating that property or we’re going to use violence against you. So people are willing to use a very disproportionate response even in comparison to the value of the property. And this is what is creating the Schelling point that allows private property to exist.
This is the commitment strategy. And so the longest chain is a very simple example. You have miners and what miners do when they create a new block, essentially they move from one Schelling point when a bunch of people have some amount of money, to a new Schelling point where some money has moved, and we need to agree to the new Schelling point. And what they do is that they commit a certain amount of resources to it via proof of work. And this is how they get us to pay attention to the new Schelling point. And so UASF is also a very good example of that where people were like we activate segwit no matter what, like, if it doesn’t pan out, we just like busted our whole chain and we are dead.
Right? This is like the ultimate commitment strategy, as far as computer stuff is involved. It’s not like they actually died or anything, but as far as you can go in the computer space, this is very strong commitment strategy.
So let me take an example that is fairly inconsequential in its consequences, but I think explains very well. The initial BCH ticker was BCC. I don’t know if people remember that. Personally I remember reading about it. It was probably when we created it with Jonald and a few other people. And so I personally was for XBC, but I went with BCC, and most people wanted BCC right? It doesn’t matter. But it turned out that Bitfinex had some Ponzi scheme already listed as BCC. It was Bitconnect, if you remember. Carlos Matos, you know, great guy, but Bitconnect was not exactly the best stuff ever, it was a Ponzi scheme. And so as a result Bitifnex decided to list Bitcoin Cash as BCH instead of BCC, and then the ball started rolling and now everybody uses BCH instead of BCC.
So it’s not all that bad. The consequences are not that very bad. And I know that many of you are thinking that right now. Why is this guy bugging us about this? We don’t care if it’s BCC or BCH. And if you’re doing that, you are exactly proving my point.
Because … there are people working for Bitcoin.com here right? Yeah, so Bitcoin.com is launching an exchange, or just has launched, it’s either out right now or it’s going to be out very soon. Well think about that. Make this thought experiment for yourself. Imagine that Bitcoin.com lists some Ponzi scheme as BTC, and then they decide to list Bitcoin as BTN. What do you think would be the reaction of the Bitcoin Core supporter? Would they be like, you know what? we don’t want to be confused with some Ponzi scheme so we’re going to change everything for BTN. No, they would torch down Roger Ver even more than they do now, they would torch down Bitcoin.com. They would insult anyone that would suggest that this was a good idea to go there. They would say that everyone that uses the stuff that is BTC that it’s a ponzi scheme, and that it’s garbage, and that if you even talk about it you are the scum of the earth. Right? They would be extremely committed to whatever they have.
And I think this is a lesson that we need to learn from them. Because even though it’s a ticker, it’s not that important, it’s that attitude that you need to be committed to that stuff if you want to create a strong Schelling point, that allows them to have a strong Schelling point, and that does not allow us to have that strong of a Schelling point.
Okay, so yesterday we had the talk by Justin Bons from Cyber Capital, and one of the first things he said in his talk, is that his company has a very strong position in BCH. And so that changed the whole tone of the talk. You gotta take him seriously because his money is where his mouth is. You know that he is not coming on the stage and telling you random stuff that comes from his mind or tries to get you to do something that he doesn’t try himself. That doesn’t mean he’s right. Maybe he’s wrong, but if he’s wrong, he’s going bankrupt. And you know just for that reason, maybe it’s worth it to listen to it a bit more than some random person saying random stuff when they have no skin in the game.
And it makes him more of a leader in the space. Okay we have some perception in this space that we have a bunch of leaders, but many of them don’t have skin in the game. And it is very important that they do. So when there is some perceived weakness from BCH, if you act as an investor, you are going to diversify. If you act as a leader, you are going to fix that weakness. Right? And so, leaders, it’s not like you can come here and decide well, I’m a leader now. Leaders are leaders because people follow them. It seems fairly obvious, but … and you are the people following the leaders, and I am as well. We decide to follow the opinion of some people more than the opinion of others. And those are the defacto leaders of our community. And we need to make sure that those leaders that we have like Justin Bons, and make sure that they have a strong commitment to whatever they are leading you to, because otherwise you end up in this situation:

https://preview.redd.it/r23dptfobcl31.jpg?width=500&format=pjpg&auto=webp&s=750fbd0f1dc0122d2791accc59f45a235a522444
Where you got a leader, he’s getting you to go somewhere, he has some goal, he has some whatever. In this case he is not that happy with the British people. But he’s like give me freedom or give me death, and he’s going to fight the British, but at the same time he’s like you know what? Maybe this shit isn’t gonna pan out, you gotta make sure you have your backup plan together, you have your stash of British pound here. You know, many of us are going to die, but that’s a sacrifice I’m willing to make.
That’s not the leader that you want.
I’m going to go to two more examples and then we’re going to be done with it. So one of them is Segwit 2x. Segwit 2x came with a time where some people wanted to do UASF. And UASF was essentially people that set up a modified version of their Bitcoin node that would activate segwit on August 1, no matter what. Right? No matter what miners do, no matter what other people do, it’s going to activate segwit. And either I’m going to be on the other fork, or I’m going to be alone and bust. Well, the alternative proposal was segwit 2x. Where people would activate segwit and then increase the size of the block. And what happened was that one of the sides had a very strong commitment strategy, and the other side, instead of choosing a proportional commitment strategy, what they did was that they modified the activation of segwit 2x to be compatible with UASF. And in doing so they both validate the commitment strategy done by the opposite side, and they weaken their own commitment strategy. So if you look at that, and you understand game theory a bit, you know what’s going to happen. Like the fight hasn’t even started and UASF has already won. And when I saw that happening, it was a very important development to me, because I have some experience in game theory, a lot of that, so I understood what was happening, and this is what led me to commit to BCH, which was BCC at the time, 100%. Because I knew segwit 2x was toast, even though it had not even started, because even though they had very strong cards, they are not playing their cards right, and if you don’t play your cards right, it doesn’t matter how strong your cards are.
Okay, the second one is emergent consensus. And the reason I wanted to put those two examples here is because I think those are the two main examples that lead to the fact that BTC have small blocks and we have big blocks and we’re a minority chain. Those are like the two biggest opportunities we had to have big blocks on BTC and we blew both of them for the exact same reason.
So emergent consensus is like an interesting technology that allows you to trade your bigger block without splitting the network. Essentially, if someone starts producing blocks that are bigger than … (video skips) ,,, The network seems to be following the chain that has larger blocks, eventually they’re going to fall back on that chain, and that’s a very clevery mechanism that allows you to make the consensus rules softer in a way, right? When everybody has the same consensus rules, it still remains enforced, but if a majority of people want to move to a new point, they can do so by bringing others with them without creating a fork. That is a very good activation mechanism for changing the block size, for instance, or it can be used to activate other stuff.
There is a problem, though. This mechanism isn’t able to set a new point. It’s a way to activate a new Schelling point when you have one, but it provides no way to decide when and where or to what value or to anything to where we are going. So this whole strategy lacks the commitment aspect of it. And because it lacks the commitment aspect of it, it was unable to activate properly. It was good, but it was not sufficient in itself. It needs to be combined with a commitment strategy. And especially on that one there are some researchers that wrote a whole paper (https://eprint.iacr.org/2017/686.pdf) unpacking the whole game theory that essentially come to that conclusion that it’s not going to set a new size limit because it lacked the commitment aspect of it. But they go on like they model all the mathematics of it, they give you all the numbers, the probability, and the different scenarios that are possible. It’s a very interesting paper. If you want to see, like, because I’m kind of explaining the game theory from a hundred mile perspective, but actually you can deep dive into it and if you want to know the details, they are in there. People are doing that. This is an actual branch of mathematics.
Alright, okay so conclusion. We must avoid to weaken our commitment strategy. And that means that we need to work in a way where first there is decentralization happening. Everybody has ideas, and we fight over them, we decide where we want to go, we put them on the roadmap, and once it’s on the roadmap, we need to commit to it. Because when people want to go like, ‘Oh this is decentralized’ and we do random stuff after that, we actually end up with decentralization, not decentralization in a cooperative manner, but like in an atomization manner. You get like all the atoms everywhere, we explode, we destroy ourself.
And we must require a leader to have skin in the game, so that we make sure we have good leaders. I have a little schema to explain that. We need to have negotiations between different parties, and because there are no bugs, the negotiation can last for a long time and be tumultuous and everything, and that’s fine, that’s what decentralization is looking like at that stage, and that’s great and that makes the system strong. But then once we made a decision, we got to commit to it to create a new Schelling point. Because if we don’t, the new Schelling point is very weak, and we get decentralization in the form of disintegration. And I think we have not been very good to balance the two. Essentially what I would like for us to do going forward is encouraging as much as possible decentralization in the first form. But consider people who participate in the second form, as hostile to BCH, because their behavior is damaging to whatever we are doing. And they are often gonna tell you why we can’t do that because it’s permissionless and decentralized, and they are right, this is permissionless and decentralized, and they can do that. We don’t have to take it seriously. We can show them the door. And not a single person can do that by themself, but as a group, we can develop a culture where it’s the norm to do that. And we have to do that.”
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Weekly Update: Parachute Digestive, #UptrenndOC Contest, launch of Defswap, Harmony in India... – 8 Nov - 14 Nov'19

Weekly Update: Parachute Digestive, #UptrenndOC Contest, launch of Defswap, Harmony in India... – 8 Nov - 14 Nov'19
Hiya Parachuters! We are almost there. Just one more update to go after this to get completely upto speed with the latest week. So, here’s your week at Parachute + partners (8 Nov - 14 Nov'19):

Cap published the first Parachute Digestive ever - a biweekly summary of Parachute and ParJar-focused updates. That’s right – 21k users, 512k tips, 20k deposits, 33k withdrawals. Massive! OG Parachuters might have received an email as well. In trivias this week, we had a movie quiz in TTR for 2500 $PAR per Q and another one with a 25k $PAR prize pool. Charlotte’s Math trivia was another fun one with 2500 $PAR in prizes per question. Harry hosted a Netflix and TV show trivia. All your hours spent binging finally came to fruition. Tiproom games has moved to a new channel. This week’s creative contest by Jason involved creating a Christmas-themed promo poster to capture the spirit of Parachute that draws new people in to join. 50k $PAR in store for the winners of #Parichristmas. Yay! LordHades shared the first update of Fantasy Premier League (#FPL) this week. LH is at the top with 696 points followed by NovelCloud with 681 points and Chris (@Loki25) with 672 points.
#Parichristmas entries from A: Alejandro, B: Carlos Alfredo, C: Nat, D: Ali, E: Eva, F: Richi, G: FlareofFlame, H: Emma, I: Marcos, J: Carlos
Jason hosted a writing contest as well: “…write a scary short story, I mean really short. The max amount of words is 20. You need to have a parachute element in it somehow.” 10k $PAR in prizes each for top 3 winners of #donkeysattentionspan. Proud pet owners showed off their awesome pets and shared some of their stories in this week’s #wholesomewed. TTR Dance Contest started this week with prize pool of 15k $PAR for the top 5 winners and another 15k $PAR for participants. Videos would have to be to the rhythm of the TTR theme created by Jose. Super fun! In this week’s update of the Parachute Fantasy Football League (#PFFL), Clinton (8-2), Hang (8-2) and Chris (7-3) are still in top 3 with Chris sliding down to 3rd position. It is a four-way tie for 4th place with Alexis, Nilz, Ken and Andy, all at 6-4. Two-for-Tuesday this week was about bands or song titles named after a place - could be a city, state or country. Gian also unveiled the official logo for Two-for-Tuesday. A masterpiece by Jose:
This is too good, Jose!
aXpire’s article from last week on ResolvBilDigitalShares was published on Hackernoon this week and also got a shoutout from them. Nice! CEO Gary Markham travelled to an AltsMIA event to spread the word on aXpire. He also visited the Blockchain Center in Miami to explore partnership opportunities there. The team will be putting MatchBX on the backburner for the time being and shift all its focus to Resolvr, Bilr, Digital Shares, and PayBX. Click here to read more about the strategy. The latest weekly update video can be seen here. The weekly 20k $AXPR burn went ahead as per schedule. Remember the AMA form shared a few weeks back to collect all community questions? Matt posted detailed responses to them. How will the LegalTech space look in the future and what role could Bilr play in it? Read this article to find out. 2gether Ambassadors are the most active folks from the community who help make the 2gether brand more widespread. Looking good in that list Crypto French! CEO Ramón Ferraz spoke at a Cecabank event on Securities which was covered by the news outlet Expansión. As a special offer, Mike made posting on WednesdayClub dApp free on Wednesday for this week. Hope you didn’t miss the opportunity to post for free and earn some cool $WED in return. Winner of the Birdchain Copywrite Challenge was announced this week. If you are an ETHOS fan, don’t forget to follow Voyager on Twitter for the latest scoop. While the Tron chain support was scheduled to go live on the Switch-backed McAfeeDex this week, technical issues have resulted in delays. As $BOMB token reached 4.38% burn in total supply, Benjamin delved deep into the current market cycle. Take notes, trading enthusiasts!
Benjamin’s analysis videos are always the Bomb. Pardon the pun. Haha
The 3rd edition of Foundations of Fantom analysis report was published by Benjamin. This covers all recent happenings in Fantomverse and $FTM price action. Fantom officially announced its plans to enter the DeFi space. Exciting! The project had sponsored a CryptoBazar Serial Hacking meetup at the Seoul Blockchain Week last month. Here’s Technical Advisor Andre Cronje’s views on the participants at the event. Sikoba Network released the first version of the Isekai framework which was built with support from Fantom. This is a verifiable computation framework which allows you to verify a transaction on a third party computer without the computer having to do the transaction. So even if the third party is not to be trusted, the framework ensures that the verification is valid. Hope this makes sense. If not, read this. Fantom is hosting a blockchain challenge at AfricArena 2019 in partnership with XAR Network. The grand prize includes cash prizes and incubation. The 3 finalists were revealed this week. The latest technical paper from Fantom explores quick peer discovery in Proof-of-Stake protocols for faster consensus. The team will be applying results of the research to Lachesis. The crew will be sitting down for an AMA session with the Trust Wallet community next week. CMO Michael Chen also attended a "deals over dinner" event organised by RVO Internationaal and TNW X (a unit of TheNextWeb) this week in Singapore. In Constellation news, a flash $DAG node bounty for a Ledger Nano integration was scooped up quickly. VP Finance Mateo Gold travelled to the Blockchain Convergence in Europe representing Constellation. Drew Taylor and Brent Bates from Wild West Crypto Show interviewed founders Wyatt Meldman-Floch and Ben Jorgensen at the World Crypto Con 2019 in Las Vegas. As promised, here’s some more pics from Uptrennd’s visit to the Blockchain Summit in Malta: Pic 1, Pic 2 and here’s one with the BOMB/XIO crew. A number of fruitful connections were made at the Summit. Jeff wrote about it in a detailed post. An #UptrenndOC Contest was launched to encourage Original Content writers on the platform. The winners of the Uptrennd Flyer contest were announced too.
Some of the winning entries of #UptrenndFlyer contest
The latest District Weekly and Dev Update from District0x covers news such as introduction of a Discord tipbot, work on Meme Factory NSFW filter etc. WeTrust featured Ethlance in the latest CryptoUnlocked newsletter in their DApp Spotlight section. Check out the pics from Hydro’s visit to the AIBC Summit in Malta. Hydrogen hosts demo days to do product showcases of all their offerings. Click here to see the latest one which will be the last for this year. The beta version of the Hydro Digital Art dApp is about to be released on their dApp Store. In preparation of the event, Hydro Labs posted a thread to explain the objectives of the dApp. For a summary of all the updates in Silent Notary’s Ubikiri wallet, click here. We had covered some of these last week. The Bitcoin News covered the platform in a recent article. Last week, the Sentivate community voted to have more ELI5 content on core web technologies. This week, they voted on Blockfolio to have this content in Video format. For a start, here’s a primer on the core technologies of the web written by the team. Founder Thomas Marchi's interview Mr. Backwards was released. If you missed OST CEO Jason Goldberg's keynote speech "Designing Crypto User Experiences for Humans" at San Francisco Blockchain Week, fret not. Here's the video and write-up of his entire presentation. Pepo has been gaining quite the traction for some weeks now. This was an opportune moment, to publish a detailed piece and tweet thread on it. The app was also reviewed by Crypto Insights Journal. The OST/Pepo crew set up shop at BlockShow in Singapore where Pepo will be launched officially in Asia and Jason will deliver another keynote speech in the same lines as SFBW. Catch up on all SelfKey news that you may have missed in October from the latest roundup. We have covered most of these in our previous updates.
<- Sneak peek into an average day at Parachute / Pitch decks & new landing page being prepared ->
Dirtybags.org is an aggregator site where you can earn $BAGS tokens by sharing linked articles and news items from the cryptospace. Try it out! Arena Match has started a weekly raffle for $AMGO holders where the top 212 holders get automatically entered into a draw to win NFT prizes. Sweet! Check out the prizes of next week’s raffle here. Pynk’s engagement game is always on point. As evident from their merch giveaway activity at the Blockchain Summit in Malta. To get started with the equity fund raise on Seedrs, the team shot a promo video. Do you track Gold prices and want to track $BTC now or vice versa? Their tracking metrics may not be as similar as you thought. Pynk explains why in this article. Shuffle Monster founder Agustín Aguilar launched Defswap which is a Uniswap extension for deflationary tokens hosted in a decentralised manner. Wibson participated in a CryptoMondays event in Buenos Aires hosted by VC firm NXTP and ONG Bitcoin Argentina for networking and discussions on crypto. $WIB community voted for Shopping Gift Cards in a poll to decide the nature of rewards on the Wibson Reward Marketplace. Harmony's #HSMtalks this week focused on Harmony DAO Maker. The $ONE crew travelled to India to talk shop and get a feel of the Indian crypto ecosystem. From Bangalore to Delhi, they covered 2 major startup hubs. As part of #CryptourUkraine, Harmony was invited to a meetup at Dnipro by Okex. Next week they will be at Odessa. Harmony is heavily invested in the future of DeFi and continues to do research and development in this segment. In light of that, they released two articles - one on how Harmony will set its foundation in the DeFi ecosystem and the other on how it will advance the space and its Cross-Fi plans (Cross-Fi = DeFi + Cross-Border txns). Harmony’s staking ROI is already No. 1 as per EarnCryptoInterest.com. What is staking? Watch this. A new Team Challenge launched this week - win $ONE tokens for building local communities. Neat! The latest episode of Harmony Insights introduces us to the engineers building on the platform.

And with that, it’s a wrap. See you again with another update. Cheerio!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Part 2: Tools & Info for Sysadmins - Mega List of Tips, Tools, Books, Blogs & More

(continued from part 1)
Unlocker is a tool to help delete those irritating locked files that give you an error message like "cannot delete file" or "access is denied." It helps with killing processes, unloading DLLs, deleting index.dat files, as well as unlocking, deleting, renaming, and moving locked files—typically without requiring a reboot.
IIS Crypto's newest version adds advanced settings; registry backup; new, simpler templates; support for Windows Server 2019 and more. This tool lets you enable or disable protocols, ciphers, hashes and key exchange algorithms on Windows and reorder SSL/TLS cipher suites from IIS, change advanced settings, implement best practices with a single click, create custom templates and test your website. Available in both command line and GUI versions.
RocketDock is an application launcher with a clean interface that lets you drag/drop shortcuts for easy access and minimize windows to the dock. Features running application indicators, multi-monitor support, alpha-blended PNG and ICO icons, auto-hide and popup on mouse over, positioning and layering options. Fully customizable, portable, and compatible with MobyDock, ObjectDock, RK Launcher and Y'z Dock skins. Works even on slower computers and is Unicode compliant. Suggested by lieutenantcigarette: "If you like the dock on MacOS but prefer to use Windows, RocketDock has you covered. A superb and highly customisable dock that you can add your favourites to for easy and elegant access."
Baby FTP Server offers only the basics, but with the power to serve as a foundation for a more-complex server. Features include multi-threading, a real-time server log, support for PASV and non-PASV mode, ability to set permissions for download/upload/rename/delete/create directory. Only allows anonymous connections. Our thanks to FatherPrax for suggesting this one.
Strace is a Linux diagnostic, debugging and instructional userspace tool with a traditional command-line interface. Uses the ptrace kernel feature to monitor and tamper with interactions between processes and the kernel, including system calls, signal deliveries and changes of process state.
exa is a small, fast replacement for ls with more features and better defaults. It uses colors to distinguish file types and metadata, and it recognizes symlinks, extended attributes and Git. All in one single binary. phils_lab describes it as "'ls' on steroids, written in Rust."
rsync is a faster file transfer program for Unix to bring remote files into sync. It sends just the differences in the files across the link, without requiring both sets of files to be present at one of the ends. Suggested by zorinlynx, who adds that "rsync is GODLY for moving data around efficiently. And if an rsync is interrupted, just run it again."
Matter Wiki is a simple WYSIWYG wiki that can help teams store and collaborate. Every article gets filed under a topic, transparently, so you can tell who made what changes to which document and when. Thanks to bciar-iwdc for the recommendation.
LockHunter is a file unlocking tool that enables you to delete files that are being blocked for unknown reasons. Can be useful for fighting malware and other programs that are causing trouble. Deletes files into the recycle bin so you can restore them if necessary. Chucky2401 finds it preferable to Unlocker, "since I am on Windows 7. There are no new updates since July 2017, but the last beta was in June of this year."
aria2 is a lightweight multi-source command-line download utility that supports HTTP/HTTPS, FTP, SFTP, BitTorrent and Metalink. It can be manipulated via built-in JSON-RPC and XML-RPC interfaces. Recommended by jftuga, who appreciates it as a "cross-platform command line downloader (similar to wget or curl), but with the -x option can run a segmented download of a single file to increase throughput."
Free Services
Temp-Mail allows you to receive email at a temporary address that self-destructs after a certain period of time. Outwit all the forums, Wi-Fi owners, websites and blogs that insist you register to use them. Petti-The-Yeti says, "I don't give any company my direct email anymore. If I want to trial something but they ask for an email signup, I just grab a temporary email from here, sign up with it, and wait for the trial link or license info to come through. Then, you just download the file and close the website."
Duck DNS will point a DNS (sub domains of duckdns.org) to an IP of your choice. DDNS is a handy way for you to refer to a serverouter with an easily rememberable name for situations when the server's ip address will likely change. Suggested by xgnarf, who finds it "so much better for the free tier of noip—no 30-day nag to keep your host up."
Joe Sandbox detects and analyzes potential malicious files and URLs on Windows, Android, Mac OS, Linux and iOS for suspicious activities. It performs deep malware analysis and generates comprehensive and detailed reports. The Community Edition of Joe Sandbox Cloud allows you to run a maximum of 6 analyses per month, 3 per day on Windows, Linux and Android with limited analysis output. This one is from dangibbons94, who wanted to "share this cool service ... for malware analysis. I usually use Virus total for URL scanning, but this goes a lot more in depth. I just used basic analysis, which is free and enough for my needs."
Hybrid Analysis is a malware analysis service that detects and analyzes unknown threats for the community. This one was suggested by compupheonix, who adds that it "gets you super detailed reports... it's about the most fleshed out and detailed one I can find."
JustBeamIt is a file-transfer service that allows you to send files of any size via a peer-to-peer streaming model. Simply drag and drop your file and specify the recipient's email address. They will then receive a link that will trigger the download directly from your computer, so the file does not have to be uploaded to the service itself. The link is good for one download and expires after 10 minutes. Thanks to cooljacob204sfw for the recommendation!
ShieldsUP is a quick but powerful internet security checkup and information service. It was created by security researcher Steve Gibson to scan ports and let you know which ones have been opened through your firewalls or NAT routers.
Firefox Send is an encrypted file transfer service that allows you to share files up to 2.5GB from any browser or an Android app. Uses end-to-end encryption to keep data secure and offers security controls you can set. You can determine when your file link expires, the number of downloads, and whether to add a password. Your recipient receives a link to download the file, and they don’t need a Firefox account. This one comes from DePingus, who appreciates the focus on privacy. "They have E2E, expiring links, and a clear privacy policy."
Free DNS is a service where programmers share domain names with one another at no cost. Offers free hosting as well as dynamic DNS, static DNS, subdomain and domain hosting. They can host your domain's DNS as well as allowing you to register hostnames from domains they're hosting already. If you don't have a domain, you can sign up for a free account and create up to 5 subdomains off the domains others have contributed and point these hosts anywhere on the Internet. Thanks to 0x000000000000004C (yes, that's a username) for the suggestion!
ANY.RUN is an interactive malware analysis service for dynamic and static research of the majority of threats in any environment. It can provide a convenient in-depth analysis of new, unidentified malicious objects and help with the investigation of incidents. ImAshtonTurner appreciates it as "a great sandbox tool for viewing malware, etc."
Plik is a scalable, temporary file upload system similar to wetransfer that is written in golang. Thanks go to I_eat_Narwhals for this one!
Free My IP offers free, dynamic DNS. This service comes with no login, no ads, no newsletters, no links to click and no hassle. Kindly suggested by Jack of All Trades.
Mailinator provides free, temporary email inboxes on a receive-only, attachment-free system that requires no sign-up. All @mailinator.com addresses are public, readable and discoverable by anyone at any time—but are automatically deleted after a few hours. Can be a nice option for times when you to give out an address that won't be accessible longterm. Recommended by nachomountain, who's been using it "for years."
Magic Wormhole is a service for sending files directly with no intermediate upload, no web interface and no login. When both parties are online you with the minimal software installed, the wormhole is invoked via command line identifying the file you want to send. The server then provides a speakable, one-time-use password that you give the recipient. When they enter that password in their wormhole console, key exchange occurs and the download begins directly between your computers. rjohnson99 explains, "Magic Wormhole is sort of like JustBeamIt but is open-source and is built on Python. I use it a lot on Linux servers."
EveryCloud's Free Phish is our own, new Phishing Simulator. Once you've filled in the form and logged in, you can choose from lots of email templates (many of which we've coped from what we see in our Email Security business) and landing pages. Run a one-off free phish, then see who clicked or submitted data so you can understand where your organization is vulnerable and act accordingly.
Hardening Guides
CIS Hardening Guides contain the system security benchmarks developed by a global community of cybersecurity experts. Over 140 configuration guidelines are provided to help safeguard systems against threats. Recommended by cyanghost109 "to get a start on looking at hardening your own systems."
Podcasts
Daily Tech News is Tom Merrit's show covering the latest tech issues with some of the top experts in the field. With the focus on daily tech news and analysis, it's a great way to stay current. Thanks to EmoPolarbear for drawing it to our attention.
This Week in Enterprise Tech is a podcast that features IT experts explaining the complicated details of cutting-edge enterprise technology. Join host Lou Maresca on this informative exploration of enterprise solutions, with new episodes recorded every Friday afternoon.
Security Weekly is a podcast where a "bunch of security nerds" get together and talk shop. Topics are greatly varied, and the atmosphere is relaxed and conversational. The show typically tops out at 2 hours, which is perfect for those with a long commute. If you’re fascinated by discussion of deep technical and security-related topics, this may be a nice addition to your podcast repertoire.
Grumpy Old Geeks—What Went Wrong on the Internet and Who's To Blame is a podcast about the internet, technology and geek culture—among other things. The hosts bring their grumpy brand of humor to the "state of the world as they see it" in these roughly hour-long weekly episodes. Recommended by mkaxsnyder, who enjoys it because, "They are a good team that talk about recent and relevant topics from an IT perspective."
The Social-Engineer Podcast is a monthly discussion among the hosts—a group of security experts from SEORG—and a diverse assortment of guests. Topics focus around human behavior and how it affects information security, with new episodes released on the second Monday of every month. Thanks to MrAshRhodes for the suggestion.
The CyberWire podcasts discuss what's happening in cyberspace, providing news and commentary from industry experts. This cyber security-focused news service delivers concise, accessible, and relevant content without the gossip, sensationalism, and the marketing buzz that often distract from the stories that really matter. Appreciation to supermicromainboard for the suggestion.
Malicious Life is a podcast that tells the fascinating—and often unknown—stories of the wildest hacks you can ever imagine. Host Ran Levi, a cybersecurity expert and author, talks with the people who were actually involved to reveal the history of each event in depth. Our appreciation goes to peraphon for the recommendation.
The Broadcast Storm is a podcast for Cisco networking professionals. BluePieceOfPaper suggests it "for people studying for their CCNA/NP. Kevin Wallace is a CCIE Collaboration so he knows his *ishk. Good format for learning too. Most podcasts are about 8-15 mins long and its 'usually' an exam topic. It will be something like "HSPR" but instead of just explaining it super boring like Ben Stein reading a powerpoint, he usually goes into a story about how (insert time in his career) HSPR would have been super useful..."
Software Engineering Radio is a podcast for developers who are looking for an educational resource with original content that isn't recycled from other venues. Consists of conversations on relevant topics with experts from the software engineering world, with new episodes released three to four times per month. a9JDvXLWHumjaC tells us this is "a solid podcast for devs."
Books
System Center 2012 Configuration Manager is a comprehensive technical guide designed to help you optimize Microsoft's Configuration Manager 2012 according to your requirements and then to deploy and use it successfully. This methodical, step-by-step reference covers: the intentions behind the product and its role in the broader System Center product suite; planning, design, and implementation; and details on each of the most-important feature sets. Learn how to leverage the user-centric capabilities to provide anytime/anywhere services & software, while strengthening control and improving compliance.
Network Warrior: Everything You Need to Know That Wasn’t on the CCNA Exam is a practical guide to network infrastructure. Provides an in-depth view of routers and routing, switching (with Cisco Catalyst and Nexus switches as examples), SOHO VoIP and SOHO wireless access point design and configuration, introduction to IPv6 with configuration examples, telecom technologies in the data-networking world (including T1, DS3, frame relay, and MPLS), security, firewall theory and configuration, ACL and authentication, Quality of Service (QoS), with an emphasis on low-latency queuing (LLQ), IP address allocation, Network Time Protocol (NTP) and device failures.
Beginning the Linux Command Line is your ally in mastering Linux from the keyboard. It is intended for system administrators, software developers, and enthusiastic users who want a guide that will be useful for most distributions—i.e., all items have been checked against Ubuntu, Red Hat and SUSE. Addresses administering users and security and deploying firewalls. Updated to the latest versions of Linux to cover files and directories, including the Btrfs file system and its management and systemd boot procedure and firewall management with firewalld.
Modern Operating Systems, 4th Ed. is written for students taking intro courses on Operating Systems and for those who want an OS reference guide for work. The author, an OS researcher, includes both the latest materials on relevant operating systems as well as current research. The previous edition of Modern Operating Systems received the 2010 McGuffey Longevity Award that recognizes textbooks for excellence over time.
Time Management for System Administrators is a guide for organizing your approach to this challenging role in a way that improves your results. Bestselling author Thomas Limoncelli offers a collection of tips and techniques for navigating the competing goals and concurrent responsibilities that go along with working on large projects while also taking care of individual user's needs. The book focuses on strategies to help with daily tasks that will also allow you to handle the critical situations that inevitably require your attention. You'll learn how to manage interruptions, eliminate time wasters, keep an effective calendar, develop routines and prioritize, stay focused on the task at hand and document/automate to speed processes.
The Practice of System and Network Administration, 3rd Edition introduces beginners to advanced frameworks while serving as a guide to best practices in system administration that is helpful for even the most advanced experts. Organized into four major sections that build from the foundational elements of system administration through improved techniques for upgrades and change management to exploring assorted management topics. Covers the basics and then moves onto the advanced things that can be built on top of those basics to wield real power and execute difficult projects.
Learn Windows PowerShell in a Month of Lunches, Third Edition is designed to teach you PowerShell in a month's worth of 1-hour lessons. This updated edition covers PowerShell features that run on Windows 7, Windows Server 2008 R2 and later, PowerShell v3 and later, and it includes v5 features like PowerShellGet. For PowerShell v3 and up, Windows 7 and Windows Server 2008 R2 and later.
Troubleshooting with the Windows Sysinternals Tools is a guide to the powerful Sysinternals tools for diagnosing and troubleshooting issues. Sysinternals creator Mark Russinovich and Windows expert Aaron Margosis provide a deep understanding of Windows core concepts that aren’t well-documented elsewhere along with details on how to use Sysinternals tools to optimize any Windows system’s reliability, efficiency, performance and security. Includes an explanation of Sysinternals capabilities, details on each major tool, and examples of how the tools can be used to solve real-world cases involving error messages, hangs, sluggishness, malware infections and more.
DNS and BIND, 5th Ed. explains how to work with the Internet's distributed host information database—which is responsible for translating names into addresses, routing mail to its proper destination, and listing phone numbers according to the ENUM standard. Covers BIND 9.3.2 & 8.4.7, the what/how/why of DNS, name servers, MX records, subdividing domains (parenting), DNSSEC, TSIG, troubleshooting and more. PEPCK tells us this is "generally considered the DNS reference book (aside from the RFCs of course!)"
Windows PowerShell in Action, 3rd Ed. is a comprehensive guide to PowerShell. Written by language designer Bruce Payette and MVP Richard Siddaway, this volume gives a great introduction to Powershell, including everyday use cases and detailed examples for more-advanced topics like performance and module architecture. Covers workflows and classes, writing modules and scripts, desired state configuration and programming APIs/pipelines.This edition has been updated for PowerShell v6.
Zero Trust Networks: Building Secure Systems in Untrusted Networks explains the principles behind zero trust architecture, along with what's needed to implement it. Covers the evolution of perimeter-based defenses and how they evolved into the current broken model, case studies of zero trust in production networks on both the client and server side, example configurations for open-source tools that are useful for building a zero trust network and how to migrate from a perimeter-based network to a zero trust network in production. Kindly recommended by jaginfosec.
Tips
Here are a couple handy Windows shortcuts:
Here's a shortcut for a 4-pane explorer in Windows without installing 3rd-party software:
(Keep the win key down for the arrows, and no pauses.) Appreciation goes to ZAFJB for this one.
Our recent tip for a shortcut to get a 4-pane explorer in Windows, triggered this suggestion from SevaraB: "You can do that for an even larger grid of Windows by right-clicking the clock in the taskbar, and clicking 'Show windows side by side' to arrange them neatly. Did this for 4 rows of 6 windows when I had to have a quick 'n' dirty "video wall" of windows monitoring servers at our branches." ZAFJB adds that it actually works when you right-click "anywhere on the taskbar, except application icons or start button."
This tip comes courtesy of shipsass: "When I need to use Windows Explorer but I don't want to take my hands off the keyboard, I press Windows-E to launch Explorer and then Ctrl-L to jump to the address line and type my path. The Ctrl-L trick also works with any web browser, and it's an efficient way of talking less-technical people through instructions when 'browse to [location]' stumps them."
Clear browser history/cookies by pressing CTRL-SHIFT-DELETE on most major browsers. Thanks go to synapticpanda, who adds that this "saves me so much time when troubleshooting web apps where I am playing with the cache and such."
To rename a file with F2, while still editing the name of that file: Hit TAB to tab into the renaming of the next file. Thanks to abeeftaco for this one!
Alt-D is a reliable alternative to Ctrl-L for jumping to the address line in a browser. Thanks for this one go to fencepost_ajm, who explains: "Ctrl-L comes from the browser side as a shortcut for Location, Alt-D from the Windows Explorer side for Directory."
Browser shortcut: When typing a URL that ends with dot com, Ctrl + Enter will place the ".com" and take you to the page. Thanks to wpierre for this one!
This tip comes from anynonus, as something that daily that saves a few clicks: "Running a program with ctrl + shift + enter from start menu will start it as administrator (alt + y will select YES to run as admin) ... my user account is local admin [so] I don't feel like that is unsafe"
Building on our PowerShell resources, we received the following suggestion from halbaradkenafin: aka.ms/pskoans is "a way to learn PowerShell using PowerShell (and Pester). It's really cool and a bunch of folks have high praise for it (including a few teams within MSFT)."
Keyboard shortcut: If you already have an application open, hold ctrl + shift and middle click on the application in your task bar to open another instance as admin. Thanks go to Polymira for this one.
Remote Server Tip: "Critical advice. When testing out network configuration changes, prior to restarting the networking service or rebooting, always create a cron job that will restore your original network configuration and then reboot/restart networking on the machine after 5 minutes. If your config worked, you have enough time to remove it. If it didn't, it will fix itself. This is a beautifully simple solution that I learned from my old mentor at my very first job. I've held on to it for a long time." Thanks go to FrigidNox for the tip!
Websites
Deployment Research is the website of Johan Arwidmark, MS MVP in System Center Cloud and Datacenter Management. It is dedicated to sharing information and guidance around System Center, OS deployment, migration and more. The author shares tips and tricks to help improve the quality of IT Pros’ daily work.
Next of Windows is a website on (mostly) Microsoft-related technology. It's the place where Kent Chen—a computer veteran with many years of field experience—and Jonathan Hu—a web/mobile app developer and self-described "cool geek"—share what they know, what they learn and what they find in the hope of helping others learn and benefit.
High Scalability brings together all the relevant information about building scalable websites in one place. Because building a website with confidence requires a body of knowledge that can be slow to develop, the site focuses on moving visitors along the learning curve at a faster pace.
Information Technology Research Library is a great resource for IT-related research, white papers, reports, case studies, magazines, and eBooks. This library is provided at no charge by TradePub.com. GullibleDetective tells us it offers "free PDF files from a WIIIIIIDE variety of topics, not even just IT. Only caveat: as its a vendor-supported publishing company, you will have to give them a bit of information such as name, email address and possibly a company name. You undoubtedly have the ability to create fake information on this, mind you. The articles range from Excel templates, learning python, powershell, nosql etc. to converged architecture."
SS64 is a web-based reference guide for syntax and examples of the most-common database and OS computing commands. Recommended by Petti-The-Yeti, who adds, "I use this site all the time to look up commands and find examples while I'm building CMD and PS1 scripts."
Phishing and Malware Reporting. This website helps you put a stop to scams by getting fraudulent pages blocked. Easily report phishing webpages so they can be added to blacklists in as little as 15 minutes of your report. "Player024 tells us, "I highly recommend anyone in the industry to bookmark this page...With an average of about 10 minutes of work, I'm usually able to take down the phishing pages we receive thanks to the links posted on that website."
A Slack Channel
Windows Admin Slack is a great drive-by resource for the Windows sysadmin. This team has 33 public channels in total that cover different areas of helpful content on Windows administration.
Blogs
KC's Blog is the place where Microsoft MVP and web developer Kent Chen shares his IT insights and discoveries. The rather large library of posts offer helpful hints, how-tos, resources and news of interest to those in the Windows world.
The Windows Server Daily is the ever-current blog of technologist Katherine Moss, VP of open source & community engagement for StormlightTech. Offers brief daily posts on topics related to Windows server, Windows 10 and Administration.
An Infosec Slideshow
This security training slideshow was created for use during a quarterly infosec class. The content is offered generously by shalafi71, who adds, "Take this as a skeleton and flesh it out on your own. Take an hour or two and research the things I talk about. Tailor this to your own environment and users. Make it relevant to your people. Include corporate stories, include your audience, exclude yourself. This ain't about how smart you are at infosec, and I can't stress this enough, talk about how people can defend themselves. Give them things to look for and action they can take. No one gives a shit about your firewall rules."
Tech Tutorials
Tutorialspoint Library. This large collection of tech tutorials is a great resource for online learning. You'll find nearly 150 high-quality tutorials covering a wide array of languages and topics—from fundamentals to cutting-edge technologies. For example, this Powershell tutorial is designed for those with practical experience handling Windows-based Servers who want to learn how to install and use Windows Server 2012.
The Python Tutorial is a nice introduction to many of Python’s best features, enabling you to read and write Python modules and programs. It offers an understanding of the language's style and prepares you to learn more about the various Python library modules described in 'The Python Standard Library.' Kindly suggested by sharjeelsayed.
SysAdmin Humor
Day in the Life of a SysAdmin Episode 5: Lunch Break is an amusing look at a SysAdmin's attempt to take a brief lunch break. We imagine many of you can relate!
Have a fantastic week and as usual, let me know any comments or suggestions.
u/crispyducks
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Do You Like Living In Fear Of Being Mass-Shot, Arrested For Small Amounts of Plant Material, or Censored For Words Acceptable 3 yrs ago? Blame the UN--The UN's False Policies Need to Be Radically Changed, Right Now.

This Has Gone On Far Too Long. The UN... IS... the Deepstate. It Needs to Be Dissolved Or Radically Changed
Who is the UN, really?
At this point, it's very clear that the UN is a propaganda outlet for the frankfurt school, for global technocracy, and a policy broker for a One-World-Government. But not a one-world of peace, but one of perpetual war, incarceration and social control by the worst among us.
The UN is not a "league of nations", or "world federation", or a "neighborhood association of nations", or a "union". They aspire to become a centralized rulesetting organization dictating how much resource ought be consumed by a human person, including location--they want to stuff you into a bin and tell you not only what to eat, drink and breathe but what information to put into your mind AND what you ought think about that information. They have an agenda to create 'smart cities' and various hegelian ploys to push you there, and then advertise to you from cradle to grave everything the UN thinks you ought believe. Ultimately, they want to put you into a virtual reality world where you will function, as a worker bee slave, only they want you to love your freedom.
This is what all the dystopian sci fi authors of the past warned us about, until you dig into some of their past and realize they were not cautionary tales, but instead rulebooks for their future cronies within an ideological and class slice of the human strata.
I imagine (through their own published works in the Rhodes round table groups, but specifically club of rome and atlantic council, which is the policymaking arm of nato) that perpetual war will be "smart city in nation A" against "smart city in nation B", eventually evolving into something akin to a Star Trek episode where two planets wage 'virtual computerized war of statistics' without a single drone being sent or a shot fired, and the loser nation voluntariliy sends a certain predetermined number of citizens to 'evaporation booths' to be deleted from life; ultimately this is a description of randomized algorithmic controlled genocide
Your tax dollars to be, eventually, at work
The UN hopes to bring about perpetual war by excluding and demonize certain countries, in order to ensure there are 'winners' circles and 'losers' circles so that they can help continue perennial war, worldwide. We know this because we have the timeline--and have seen what they've done. The corrected timeline has proven to be the single most important tool in any ontological undermining of false narratives of the day.
They do NOT want peace. They want to continue the "humanitarian struggle", so they can have excuses to move resources--be that energy, human, military, intelligence, administrative, industrial, commercial, medical, pharmaceutical, 'human / drug / organ' trafficking--around the globe under the color-of-law and under the cloak and shield of social justice concerns.
We know this because of recent news
1) UN's member nations are lying to its citizens ALL THE TIME, about everything -- This enables the UN to push policies that don't have their good in mind. They are mind-rapists who manipulate elections worldwide.. Like the Deepstate Democrats, they act like foolish butthurt hypocritical children by going after Melania Trump's goodwill as an insult-by-proxy against Trump, whom they hate, because he's an existential threat to their whole organization. The UN even has disinfo-peddling journalists peppered throughout the mainstream and alternetive media, that push for aggression and war, by using false criticism of itself (UN) as a cover story. While pretending to be all-inclusive, they use exclusion to create false enemies like Russia, China, North Korea, Iran in order to hypocritically undermine any attempt at common ground and peace.
And BTW: We know that Iran is a limited hangout because of the Obama payment. Quit talking about them like they are a terror outlet when we know Obama paid them for ISIS. Don't pay them for terror, you don't get terror. It's that simple. They are like Pakistan, stop paying them for terror and the mercenaries that the deepstate hired to create fake war go back home to the squash farm and their G D goats.
2) The UN is pushing the Climate Change Hoax. Recently 500 scientists have urged the UN to stop pushing this because the data and analysis is wrong and that the climate change narrative is a hoax. The Climate Change narrative never addresses global dimming or geoengineering which the authorities have admitted, several times--even Brennan, Pompeo, Michio Kaku, MSM have all admitted to geoengineering but you still get eyerolls when you mention contrails, erm I mean the other thing. The UN even gave an angry yodel-tot, that we're now calling 'Scoldilocks'--a "notably Nordic white girl...with braids and red cheeks" (like those that) "were often used in Nazi propaganda. (An old Goebbels technique!)"---an audience to deliver a climate change hoax diatribe (and she gave one in U.S. Congress also). Not a single one of us would have been given a chance to speak at the UN or at the U.S. Congress on ANY issue, even climate change. Why'd she get an audience with them? Answer: Because Nazi Child Propaganda (child abuse) Thanks, btw Dinesh for the laugh.
3) As mentioned above, The UN is pushing the ISIS terrorism psyop. We know what ISIS is and ISIS is not. It's Obama / UN's globalist proxy army in Syria, as an excuse to occupy that region for various goals; it was outsourced by Obama to Iran--he PAID them for ISIS!
4) They are Open Border Extremists. Because Open Border Extremism enables drug / arms / human and organ trafficking
5) They whine about WAR CRIMES---and use this as an excuse to intervene and create enemy countries. There are no such thing as war crimes--you are at WAR or you are NOT, and whatever happens IN war is PART OF WAR. There are humanitarian crimes like murder or manslaughter which happen at times of no war; and there is WAR, where ANYTHING GOES. There is no "clean way" to wage war. If your country has invaded another country and is killing people, that's called war. There is no "oh I shot civilians"--YOU ARE AT WAR. Shooting "civilians" only makes sense in a ONE WORLD CONTEXT, otherwise you've declared the country to be an enemy and you are over there shooting the enemy, and the assumption is civilians are part of that enemy also--think about vietnam: you had civilians grabbing machetes and shotguns---can you not kill them because they are not wearing uniforms or getting viet cong checks? The concept of 'war crimes' is an unofficial fiction created by UN international globalists who assume member country citizens are "global citizens" who are not allowed to be killed in conflicts. If they are, then the UN has a reason to send NATO or UN peacekeepers, or inspectors, journalists, spies there.
666) [The UN Declaration of Human Rights Is A Mean Joke] They've hid out in the open, virtual-signalling this idea that every individual deserves not only the rights of citizens in the US, but EVEN MORE RIGHTS, through a document called the "Universal Declaration of Human Rights", which builds (very unrealistically) on the US Consitution. This document is amazing and wonderful, and that is why I say this with a very heavy heart.
The UN's Universal Declaration of Human Rights is bullshit, it's the most cruel form of propaganda, because their aim is the opposite of every single point in that document. I cannot say this more clearly: This document is a checklist of what the UN aims to destroy of human sovereignty for every individual on Earth
As you read through these checkpoints, think about how the Deepstate (UN) has undermined each and every one, specifically within the last 3 yrs of Trump / Brexit and the rise of the sovereign nationalist populist movement. Think about how they have CENSORED YOU, called YOU racist / sexist / homophobe / transphobe / xenophobe / elitist / lazy / stupid / shithole / greedy / powerless / immoral / unethical / wrong / dastardly / conniving and how they've called you "WHITE" and criticized your WHITENESS and threatened WHITE people with all sorts of things. Even if you are a black person, it's not helpful to the discussion of race for you to either HEAR or USE any kind of racial criticism of "WHITE" people. Think about how they have used mass violence (domestic terrorism) as a tool to enrich the police state ('terrorism is counterrevolutionary') and how that impinges on your rights to freedom, opportunity, security. Every point you will read, they have inverted. See for yourself in the PDF I linked.
888) The 1971 UN Convention on Psychotropic Substances is a scam to maintain the British Empire's Global Opioid Trade (NATO-FIVE EYE's Silk Road WW), and secondarily the Global Drug Black Market. According to people like Catherine Austin Fitts, Peter Dale Scott, Lyndon LaRouche's Group and George Webb (who base their info on many many others), the global drug black market is to pay for black budget operations (things Congress will not approve), such as Gladio (NATO masonic) operations, which are immoral psychological and propagandistic violence operations against civilians in order to manufacture consent for perpetual war or some other goal that enriches the security state and their ruling class silent partners.
If the UN were to dissolve, or this charter were to dissolve, then member nations would be able to decriminalize some substances they deem "not as harmful as advertised"--such as Cannabis and Mushrooms, which are regarded by international health organizations to be 'abused substances causing the least harm'. Unironically, alcohol is at the top of EVERY list, because its addictive ability and costs are far too low to compete with Opioids, while its eugenical potential to kill its host is possibly still higher than opioids, while its ability to dull the mind is matched, and THAT is why alcohol is still legally sanctioned by UN member countries.
Mushrooms--psilocybin--on the other hand, though remarkably dangerous psychologically to the unprepared, provably increase intelligence and brain repair of trauma through neurogenesis (brain nerve cell regrowth) and cerebral 'plasticity' (rewiring of brain electrical pathways) that nearly all psychedelics induce; AND psilocybin has been observed to increases kindness and peacefulness through tolerance of others (which NIH calls "openness to experience"). YEP. CAN'T HAVE YOUR CITIZENS becoming "kinder", "smarter", "more peaceful", and "more 'Woke' / 'redpilled'". Also, did I mention that cannabis and mushrooms (and very specifically KETAMINE) break opioid addiction?[[psychedelics research nexus]](https://np.reddit.com/conspiracy/comments/4q762u/the_most_illegal_drugs_are_illegal_because_they/)[[2]](https://np.reddit.com/conspiracy/comments/4081i1/some_illegal_drugs_are_good_for_you_thats_why/)[[3]](https://www.reddit.com/conspiracy/comments/3v4ags/herbs_dont_work_except_when_they_do/) Yep. Can't have psychedelics breaking your British grip on the human mind OR body. Did I mention that mushrooms are anti-addictive, even though they are functionally low level amphetamines (give you about the energy of strong coffee)---after using them for some time they FORCE you to cease by making you repelled / disgusted by them? Can't have that, it won't sell. Basically, opioids are, to the Queen, the King.
Unipolar CryptoTechnofascists
The UN is a unipolar organization that strives to carry out all the aspirations of Cecil Rhodes' round table group's global anglophone empire. We know now that the deepstate coup attempt on Donald Trump was run by NATO agents in the US's intelligence community (Brennan, Clapper, Comey, McCabe, Strzok, Page), State Dept (Victoria Nuland) and DOJ (Halper, Ohr, Weismann); as well as MI6 operatives from the UK (Steele, Dearlove, Mifsud), Ukraine (Pinchuk, Chalupa), Russia (IRA, Veselnitskaya); working with oppo-research firms in the US and UK--fusion gps, hakluyt and cambridge analytica
The Deepstate is the globalist, fascist, British Navy-protected (NATO-FIVE EYES), mercantile, seafaring thalassocracy ("Sea Corp" <=> C corp). The Deepstate a Hakluyt's "sovereignty-at-sea" Ideal-based sea-government, run by upper-class, maritime, mercantile, admiralty freemasons, whose members are of the old pirate-templar energy-sector gentry that have been running things behind the scenes for centuries. They are the Pilgrims; their private lives harken back to the royal society, the queens privy council, the hellfire club, the jesuits, the kabbalistic mystery schools and various forms of esoteric darkness and materialism-worship from Ahriman to Lucifer to Moloch.
The UN is the administration branch of the Deepstate. Many of us have known this since the moment we saw the UN document including among its policymakers an NGO called LUCIFER TRUST--a spiritual foundation of the UN--which was quickly renamed (for obvious reasons) 'Lucis Trust'. Lucis Trust raised our eyebrows, and caused us to dig deeper into the true goals of the UN. Occultism aside, the facts of the timeline--their actions--betray much more about who the UN is.
These people have a misanthropic, sociopathic bent, because it has become clear--through internet research revelations of "will (as in free) work", "empathy (spiritual) destruction" techniques from the Elite's Bohemian Grove's "Cremation of Care" to Podesta and Abromovich's "Spirit Cooking"--that their families select-for and groom psychopathy and worship of the material
They disguise their covert elitist drives under symbols and occultism; they disguise their tactical and strategic movements under the authority of the color-of-law (no mention of the fact they have INFILTRATED the law by placing people in high positions of judicial and law enforcement authority); and they invert otherwise altruistic, philanthropic goals into maledictions and curses, by promoting them through fake charities and self-congratulatory, insular awards ceremonities, (fake) humanitarian "causes", "movements", "policies", "organizations". These people are a real piece of work, but we have their number now--we know who and what they really are, thanks to research patriots like yourselves.
These people involved in the UN, we find again and again, through deep research, originate from dynasties of anticompetitive, fascist, antinomian, military-intelligence-based, ruling-class antinational anarchocorporatists--who carry the torch of their parents....
...to push their caustic hegelian-dialectical ideas, whose aims are ultimately the destruction of rights and sovereignty of the individual; soft genocide called eugenics; and total information based domination and control of every aspect of human life.
I have come to this information by many overt and covert avenues, connecting dots between them. Through history (of Cecil Rhodes, East India Company, Mercers, Queens Privy Council, NATO, CIA, freemasons, mystery schools, templars, etc), which has been confirmed over and over again by both mainstream and alternative sources (Aim4Truth, Corbett Report, many others). Through drilling down modern-day politics and seeing who is making the most noise, and who is creating the most disinformation (obvious CIA agents installed in congress, fbi, cia, media). [Through study of symbology and occultism, specifically of the "X" symbol and the lambda Λ symbol. Most of all, by studying "narratives" as "hegelian dialectics"--this has been one of the most useful studies of all and many of you here know much about this after 3 yrs of living in the Democrat-Trump-Deranged Trumpverse with daily doublebinds, double standards, unequal justice and increasingly stupider attempts to oust our lawful President with spurious, dubious and nearly-instantly debunked claims of wrongdoing.
Those who are making the most noise are part of this team--Q told us that and was correct. Now we know who they are. What's their endgame?
What is the UN? What's it really For?
In a nutshell, the UN ...IS...the Deepstate, they are the policymaking organization of FIVE EYES (a contract and shared dropbox between all anglophone intelligence communities (canada, us, uk, new zealand, australia), to enable shirking privacy laws of each member country in order to spy on all of their own nations' peoples), which enables the illegal drug blackmarket worldwide; they are a director of and cover story for invading other countries with NATO and the UN Peacekeepers in order to commit human trafficking, drug / gun / organ and money running; and they are a social justice propaganda outlet to push one-world technoneofeudalism, Globalist aims and goals, worldwide.
they are a social justice propaganda outlet to push one-world technoneofeudalism, Globalist aims and goals, worldwide.

What Should We Do?
Trump said it himself: the future of the world is not Globalism, it's populism, and sovereign nations. We should do one of 2 things:
1) Dissolve the UN immediately, and the way we can do this is to urge Trump to simply exit the UN and give them no more money. They are welcome to create their OWN international NAVY, their own UN, and do their stuff. We just walk the F away. The problem with this is that they might gang up against the US to try to push globalism. This is why it may be better to stay in the UN but give them the business like Trump has given NATO--MAKE. THEM. PAY
2) Stay in the UN, but stop paying for bullshit that doesn't work for us.
A) Stay in the UN but announce that you will no longer conform or comply with the 1971 Convention on Psychotropic Substances--you opt out of the convention, you remove US from that convention. You may need to add an amendment. It would be better to form a referendum with other countries so they can come together and form a charter to Nullify / Void the convention with a new charter that says why. The "Why" is that the drug war has created criminals out of otherwise innocent people, and it has harmed communities by promoting dangerous substances and criminalizing far less dangerous--even medically useful--substances, and it has done so for political reasons.
B) You HOLD THEM TO ENFORCE THEIR UNIVERSAL DECLARATION OF HUMAN RIGHTS. You say to them, you will start enforcing this, and if you don't, then we RIP IT UP, because as a member-nation, you refuse to propagandize falsity and disinfo and choose instead to promote and live within an authentic worldview and expect your citizens to do the same.
C) You Demand that UNESCO and UN fulfill their obligations to preserve historical cultural / religious works, even those you don't like, such as 'other people's religious works' (yes even shrine of baal, satanism or islam), and if they allow even one more work to be destroyed, then you force the dissolution of UNESCO and any more funding towards cultural art preservation is void and Never Ever Given Out Again. It is unfair to the citizens of the world to have to subjected to be extorted in a global protection racket that is not even functioning to protect said works.
If we are to be a "United Nation" -- A One World Government, Then we MUST fulfill our obligation to PLUR -- Peace Love Unity Respect, and that includes tolerance of all religions or simply one world religion; we must bolster and support rights for ALL humans, and that includes the rights to consume, build, work, live and think independently and without word-policing and censorship, because these things promote innovation and competition--which are GOOD things
(meaning we must get rid of all propaganda, falsity, and advertising--which is bad for you, btw)
The way forward is NOT to eliminate the Bad as the UN and its adherents obviously promote--because that's a veneer for Kontrol freakery--rather to make peace with the bad--to accept it, to accept our shadows, individually, collectively.
That is why we must end the war on drugs by making the least harmful drugs legal, and actually inhibit (in a real not fake way) the creation and movement of dangerous drugs by treating them as terror devices that they actually are. Methamphetamine, Crack and Fentanyl are weapons of mass destruction, Cannabis and Mushrooms ARE NOT. Cocaine is Not, otherwise half of US Congress and Bill Clinton would be dead by now. We need to revamp drug policy or just make it all go away for the END USER and only police those that make and traffick these substances (meaning jail the bad half of the FBI and DEA)
The UN's Human Rights is a good Document that we should add to the constitution as extended Bill of Rights; but only if we are going to preserve those amendments that are already there, otherwise set it on fire and don't spend another dime or second thinking about it--because it's stockholms' science fiction for an unevolved people who are never going to get it until they stand up and demand it.
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