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Interesting video!
Wall Street record highs is beyond belief. As if they are living in an alternate reality which doesn't reflect the World current economy. They are pumping out money from governments (us!). Who is going to pay? The next generations?
Blessings!

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Ouranos wrote:Interesting video!
Wall Street record highs is beyond belief. As if they are living in an alternate reality which doesn't reflect the World current economy. They are pumping out money from governments (us!). Who is going to pay? The next generations?
If the unit you are measuring in is not stable (or continually shrinks) then of course stocks always go higher. Venezuela stock market makes new all time highs every day, but it's not because they are producing more, it's because the unit of measure has shrunk and you need more of it to match it's value (which hasn't changed).

That's the effect of QE. It dilutes the power of the currency. If I add 2x the number of dollars to the economy, then the stock price will have to go 2x to match the same value. Meanwhile, main street has just seen their dollar go from 1.00 purchasing power to 0.50 purchasing power.

It's called QE when banks do it, but counterfeiting when anyone else does it. But it is still theft. Bitcoin has a hard cap of 21 million sats enforced by the network effect of miners and nodes. It can't be diluted beyond a mathematically predetermined rate.
Curtis Manwaring
Zoidiasoft Technologies, LLC

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zoidsoft wrote:
Ouranos wrote:Interesting video!
Wall Street record highs is beyond belief. As if they are living in an alternate reality which doesn't reflect the World current economy. They are pumping out money from governments (us!). Who is going to pay? The next generations?
If the unit you are measuring in is not stable (or continually shrinks) then of course stocks always go higher. Venezuela stock market makes new all time highs every day, but it's not because they are producing more, it's because the unit of measure has shrunk and you need more of it to match it's value (which hasn't changed).

That's the effect of QE. It dilutes the power of the currency. If I add 2x the number of dollars to the economy, then the stock price will have to go 2x to match the same value. Meanwhile, main street has just seen their dollar go from 1.00 purchasing power to 0.50 purchasing power.

It's called QE when banks do it, but counterfeiting when anyone else does it. But it is still theft. Bitcoin has a hard cap of 21 million sats enforced by the network effect of miners and nodes. It can't be diluted beyond a mathematically predetermined rate.
And at the same time technology makes things cheaper, even food due to more efficient production technology. What goes up in price are houses and stocks. The vast majority of people have their savings in houses and stocks, because interest rates on savings accounts are lower than inflation and they need their money's value to keep up with inflation.

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A thousand years ago when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power. Beijing is also positioning the digital Yuan for international use and designating it to be untethered to the global financial system, where the U.S. dollar is king. - James Areddy, "China is Creating Digital Currency, First for a Major Economy," Wall Street Journal, April 5, 2021.

Excerpt from Ray Merriman's weekly column 2021-4-12
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"No one can argue against the fact that Bitcoin has been in a "boom" cycle. As recently as March 13, 2020, Bitcoin was trading below $4000. Now it is more than 15 times higher, making new all-time highs above $60,000, with many "experts" calling for $100,000 and even higher, while various central banks
(as in China and the U.S.) are looking into creating national digital currencies. And of course, Coinbase, the largest retail seller of crypto currencies, had a very large IPO start last week. This all fits with Venus (ruler of Taurus and hence another `currency" related planet) conjunct Uranus (digital) in Taurus (sign
of money), which is approaching April 22. Following that, the Sun in Taurus will also conjoin Uranus on April 30. That is why the tortoise may be in for a bit of a jolt."
Ray Merriman's weekly column 2021-04-19
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"Bitcoin stayed strong, testing 59,000 last week, still a little off its all-time high of 64,900 on April 14. But Ethereum, another popular cryptocurrency, surpassed 3600 on Friday for the first time."

"Jupiter will ingress from Aquarius to Pisces this week, May 13-July 28. Ingresses correspond to a change of collective psychology regarding the principles of that planet and the signs involved. Jupiter's main principle is one of exaggeration, expansion, growth, and optimism."

"Pisces is one of the four mutable signs, and probably the most prone to market reversals of all the changeable, mutable signs. This is especially true with equities, metals (more Silver than Gold) and Crude Oil. If a financial
market is making a new multi-month high then, it usually stops and reverses sharply down. If instead a market is falling hard to a multi-month low, it can qualify as a long- or intermediate-term cycle trough and then reverse upwards."

"It's the oldest market conflict of all: greed versus fear, Jupiter versus Saturn. And until this week, May 13, they have been in the same sign, Aquarius, since the winter solstice of December 21, 2020. This has been a very bullish period. Now Jupiter will ingress into Pisces, a mutable sign, May 13-July 28. Here is where markets likely experience greater extremes. With mutable signs, the highs and lows are often exaggerated, both in terms of market prices and the psychological mood of the collective."

Ray Merriman weekly column - May 10th 2021
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IOTA noted that the price of the digital asset registered an upsurge from mid-March, but began consolidating in April. Despite volatility observed in the remaining altc0in the market, IOTA more or less withstood it and was trading at a historically high value of $1.90. Meanwhile, the market seemed to be gearing up for more buying pressure as the relative strength index was rising from the oversold zone. This spike indicated that there was a rise in buying pressure in the IO'TA market and the digital asset could be heading towards a trend reversal.
One explanation you need to put resources into crypto and its innovation is on the grounds; crypto is changing the economy state of any country that moves toward innovation and that way being an early adopter gives you an edge over others that will become tied up with it late. While taking a gander at the development pace of digital money and the chance it present. why not investigate it and have a reexamine about the specific venture you wish to make now.

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As the Sun moved over Uranus recently... and the New Moon in Taurus

"The swiss bank UBS is studying the possibility to offering cryptocurrency investments to its wealthy clients, according to Bloomberg, which cites sources familiar with the matter without naming them.
The projects are still "at an early stage," Like other large banks, UBS, the number one in the Swiss banking sector, has so far been very reserved about digital currencies, multiplying warnings and calls for caution in the face of these highly speculative investments. Axel Weber, chairman of UBS, and former head of the German central bank, has repeatedly warned of the risks of bubbles and correction
The bank is mainly interested in the technology behind these digital assets, he added, however, referring to distributed ledger technology, considered to be the backbone of cryptocurrencies.
Recently, several major US banks have taken the plunge, stepping into digital currencies after long reluctance. In February, Bank of New York Mellon announced that it plans to move into digital asset management on behalf of its clients.
Morgan Stanley investment bank will allow the wealth managers of its richest clients to invest in bitcoin funds.
Goldman Sachs, meanwhile, has embarked on orders on cryptocurrency-related derivatives, according to an internal memo unveiled last week, formalizing the establishment of an internal team dedicated to cryptocurrency brokerage." (Agence France Presse)
Blessings!

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Hello Mark,
To answer your question more specifically, I am not following the bitcoin or digital currencies in a tight manner. Just the major trends and the bitcoin is so volatile it is a risky business right now. With Jupiter (growth) Ingress in Pisces (Mutable) we will see a lot of up and down swings in the market. "Volatility" is the keyword. Gas, oil, sea products, Being the detriment of Mercury, it will be difficult to find a rationale behind these changes and the Exaltation sign of Venus, luxury products will go on the uprise. But watch when Jupiter turns Retro, people will not be happy when they start receiving the bills.

Essentially this is the Saturn/Uranus square this year and the 7-year itch of Uranus in Taurus (challenging the monetary financial foundations).
The Bitcoin was created under an opposition Saturn Virgo/Uranus Pisces creating a signature and a sensitivity to the cycle Saturn/Uranus.
Ray Merriman is also saying that the axis 19-21 Pisces (inception chart of the Bitcoin) are 'supercharged' degrees for the economy because of the major cycles of outer planets started in the 60's

This site below does give an analysis of the Bitcoin astrologically

https://astro-cryptos.github.io/docs/bi ... tal-chart/

So far, Bitcoin transactions and other digital currencies have created a parallel economy for crime, money laundering, drug and arms deals. If major Banks are entering the dancefloor, my fear is that it may become a "legal" fiscal paradise that may shake the World economy.

Ouranos
Last edited by Ouranos on Fri May 14, 2021 1:26 pm, edited 1 time in total.
Blessings!

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Ouranos wrote:So far, Bitcoin transactions and other digital currencies have created a parallel economy for crime, money laundering, drug and arms deals. If major Banks are entering the dancefloor, my fear is that it may become a "legal" fiscal paradise that may shake the World economy.
The single most used currency for illegal activity is the USD. Cash had been used for centuries without banks perverting the nature of money and turning it into a system of control.

Bitcoin by contrast is fully transparent which is why smart criminals no longer use it. The FBI loves the fact that chain analytics can track everything that's done with bitcoin online (how did that work out for Ross Ulbricht?). What banks don't like about it is that they can't counterfeit their way out of fiscal responsibility (yet, but Paypal is working on that by violating the principle of "proof of keys" allowing them to sidestep blockchain truth and implementing price suppression).

While Elon crashed the price, I'm expecting a rebound very soon. Jupiter just ingressed into Pisces which means that Saturn temporarily has lost a hold on the principles of freedom and justice. The biggest criminals currently have control of the world's fiat systems which are beginning to show weakness.

That said, I'm not confident in the longevity of bitcoin long term. Since Peter Todd took the "advice that cannot be refused" of John Dillon and implemented RBF with protocol ossification taking hold of the 1MB block size limit as a Schelling point for "digital gold", Aristotle's two other principles for sound money go ignored (medium of exchange and unit of account).

Declaring it a stock also makes it extremely hard to use as a payment system (in addition to the fact that RBF and 1MB limits cause fees to skyrocket due to the auctioneering effect within the mempool). The FATF also has a sanctions list of blacklisted addresses creating the phenomena of "tainted bitcoin" which ruins the fungibility of the asset.

Blockstream which many of the employees have more interest in bitcoin going up than offending the incoming Wall Street crowd seems to have diverted away from the original cypherpunk ethos having sold out. Taproot, Tapscript and Schnorr signatures commits will likely be too little, too late to fix what's wrong with bitcoin.

Patents like this one by Microsoft are popping up which seek to subvert the original use case of cryptocurrencies:

https://patentscope.wipo.int/search/en/ ... 2020060606

If cyberpolygon.com plays out like event 201 did in late 2019, then you'll need an internet passport to match your vaccine passport to do anything on the internet. Programmers are working on a way to encode vaccine data residing below the skin from microneedle patches or vaccine enzymes to be picked up by signals hooked into IoT:

https://news.mit.edu/2019/storing-vacci ... -skin-1218

There's already a more primitive way of doing this with diabetics sending the information to your smartphone which then gets transmitted to Google:

https://www.everydayhealth.com/type-2-d ... diabetics/

This will likely expand into all areas of health such as monitoring brain activity, with geolocation data.

Prediction markets will be formed to pick up "body activity data" from the Microsoft patent above, so that your owners can gamble on your movements and sell the cryptocurrency you've generated to other parties involved in trading you as a stock in their market.

How far this progresses depends upon how much the people submit to authority. They'll try to advance this agenda granularly to avoid raising suspicions, calling it a "conspiracy theory" when called out on it all while us programmers know the truth because we've been asked to program it.
Curtis Manwaring
Zoidiasoft Technologies, LLC

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Zoidsoft,

Agree with you, We need more transparency in the financial world.
A World fiscal reform has been long overdue to replace traders who are playing Monopoly with people's money.
And the fact that Social Medias are leading the pack with NO physical assets, NO products and NO physical goods for mankind.
Deserting Facebook, Messenger), TikTok, WeChat, Instagram, QZone, Weibo, Twitter, Tumblr, Baidu Tieba, and LinkedIn would cause the greatest recession.
What a strange world we live in!
Last edited by Ouranos on Fri May 14, 2021 1:29 pm, edited 1 time in total.
Blessings!