@zenthereum

@zenthereum 8 July 2020

Dogecoin always does these mini pumps but price never survives this high. It might get pumped more but better be careful and don't buy into some ridiculous TikTok video a random dude made. These are not good signs for the whole market. I'd go short if I was trading after everything I've seen last two days.

@zenthereum 7 July 2020

The main idea behind lending is to increase production. Lending helps businesses expand, open new markets, research, develop and innovate. Lending helps individuals buy a home and make a family, buy a car and appliances and have a more productive life as a result. What is DeFi lending? We lend our tokens between us with high yields, and hope that the traditional financial system will see this as an opportunity.

@zenthereum 6 July 2020

CBDCs - A Central Bank Tyranny In a previous article that I've posted originally on read.cash I expressed my thoughts and facts about CBDC's. The reason for posting this article is that I am deeply concerned about privacy and human rights which in my life so far I've seen repeatedly stripped and replaced by mass surveillance, state terrorism, and dehumanization. https://read.cash/@zenthereum/why-we-should-ban-central-bank-digital-coins-cbdcs-e0ccfbe1 I named that article "Why We Should Ban Central Bank Digital Coins - (CBDC's)" as this is how I truly think. It was not made for impression, but my conclusion after consideration of all the facts. It is not the cryptocurrencies that pose a threat to the world, or any specific nation. Cryptocurrencies are true financial freedom, offer total control to the individual and allow access to a worldwide payment system that runs 24/7, without requiring authorization by secret files stored in various transactions processors, do not restrict anyone, do not have blackouts, and do not require trust. As I explained, the moment we accept a CBDC is the moment we surrender our financial existence at the hands of all governments we will ever have in charge for the rest of our lives. The moment a CBDC will be accepted, all its features, all its components, and all of its dominance in the economy will be irreversible. We surrender one of the most important parts of our lives to anyone that will be in charge by any means possible. Cuy Sheffield is a person in charge of the Visa cryptocurrency department. I've read this article recently and he made me realize that CBDC's will be the new norm soon. I guess it's his job to promote CBDC's just as Roubini is doing and create the terms for the financial enslavement of the world population. https://dailyhodl.com/2020/07/06/visa-head-of-crypto-says-global-interest-in-central-bank-digital-currency-cbdc-not-going-away/ I will just stick to one point he makes as I've read his rant on tweeter yesterday and have to wonder why he wasn't suspended for spamming like that. *“I’d argue that central bank digital currency (CBDC) is one of the most important trends for the future of money and payments over the next decade.* ***Regardless of anyone’s personal views of whether it’s good or bad****, the reality is that global interest in* ***it is not going away****.”* CBDC's are inevitable. China's example is serious. The moment they started research on a national digital currency, they instantly banned transacting, purchasing, trading, and paying with cryptocurrencies. All black market attempts were met with instant response from the authorities, arrests, and block of bank accounts. A line has to be drawn here. First of all this Visa exec does not understand what is decentralization and how it is the vehicle for financial freedom. This eludes all bankers and their cartel. Second, he is right about the inevitability of CBDC's. It is important for much discussion to be done on a higher level and for the population to agree with each feature. Even with privacy coins available and legal, 90% of the population will still be using the government-issued CBDC. I've already explained the dangers of the CBDCs in the same post I've already mentioned (link). https://read.cash/@zenthereum/why-we-should-ban-central-bank-digital-coins-cbdcs-e0ccfbe1 This future is sealed for China. If the west wants their freedom and something better, it is up to them. Header Image Source https://www.liberties.eu/en/news/romania-french-terror-attack-mass-surveillance/2792

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@zenthereum 6 July 2020

I love Monday (pumps)!

@zenthereum 5 July 2020

Brock Pierce running for President!!! :D https://twitter.com/brockpierce/status/1279668176100356096

@zenthereum 5 July 2020

Points reduced today? I got a lot on Friday but it seems way too low today.

@zenthereum 5 July 2020

Another Sunday another Bart. Dumping on Sundays usually helps the Monday wire transfers buy cheaper. Decision time tomorrow in my opinion. Usually we pump in the beginning of the week. There are major players dumping. One is The Lazarus Group. https://twitter.com/SamouraiWallet/status/1255573074604371968

@zenthereum 4 July 2020

If we begin dropping during July, it will be a bear trap. I'll be selling my kidney for cryptocurrencies in case of another huge dip.

@zenthereum 4 July 2020

Crypto Twitter #Hashtags Twitter reportedly charges companies **1 million USD** for an emoji added next to their hashtag. The price for a branded hashtag does not seem to be fixed but probably negotiable. Four cryptocurrencies own a branded hashtag so far. https://www.mobilemarketer.com/ex/mobilemarketer/cms/news/messaging/22215.html Bitcoin A year ago it was announced that Twitter added the **Bitcoin** symbol next to the hashtags **#Bitcoin** and **#BTC**. Twitter CEO Jack Dorsey added the hashtag on his profile as well. It was reported that the symbol was added without any payment done although Jack Dorsey is also the CEO of Square and the emoji certainly helped with Bitcoin sales on his other platform. Right now, besides Bitcoin, three more cryptocurrency projects have added their project logo as an emoji next to a #hashtag. Crypto.com After the Bitcoin emoji, we were expecting more cryptocurrencies to add their symbols on a twitter hashtag as part of their marketing campaign. The amount spent by crypto.com was undisclosed. Although, no one was expecting a relatively smaller crypto project called Crypto.com to be the first one to add it's emoji next to their coin's hashtag **#CRO**. Crypto.com is ranked **10th** on market cap valuation (above BNB at the moment). Binance Obviously, CZ couldn't let this pass, and a few days later Binance added the desired by mane emoji next to two hashtags: **#Binance** and **#BNB**. Binance didn't disclose any negotiations between them and Twitter on this deal. Binance also added their logo next to the emoji #BinanceTurns3 probably for a limited time, as they turn three years old soon. Twitter has this option to rent the emoji for a limited time instead. Tron There was no-one expecting marketing guru Justin Sun not to join the party. So Tron is the fourth cryptocurrency to establish itself as a twitter emoji holder and their logo is now displayed next to four hashtags! **#TRX #TRON #TRONAnniversary** and **#TRONConference**. Perhaps some of them will be available for a limited time although I'm certain that both #Tron and #TRX are permanent. No information on the deal was made known from Tron either. So that's it for now. Many are expecting more cryptocurrencies to join and bets on Twitter are on. I've read tweets that Ethereum and Bitcoin Cash might be considered as the next possible candidates for a twitter hashtag containing their logo. I've posted this tweet on my Twitter account containing all the current crypto twitter branded hashtags: Follow me on twitter: @zenthereum ! https://twitter.com/zenthereum Header Image Source https://marketingland.com/wp-content/ml-loads/2016/06/twitter-emoji-money1-ss-1920-800x450.jpg Originally posted on read.cash - Reposted on Publish0x https://read.cash/@zenthereum/crypto-twitter-hashtags-f7e9d635 https://www.publish0x.com/zenthereum/crypto-twitter-hashtags-xllgdoy

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@zenthereum 3 July 2020

XRP not a security - Chris Giancarlo former CFTC chairman, currently working for a firm under Ripple's payroll. No conflict of interest here.

@zenthereum 2 July 2020

Crypto uncertain in Russia Yesterday I posted my thoughts on the subject of Russia banning cryptocurrencies on an article on read.cash. I was thinking that there was no way Russia would ever pass such a bill. There is a growing and large interest in cryptocurrencies from Russia and I still think that they won't ban the use of cryptocurrencies but regulate instead. The regulation will probably contain strict KYC/AML procedures and perhaps Russian exchanges might be required to be licensed and enforce the Russian government decisions. https://read.cash/@zenthereum/russia-in-favor-of-crypto-fe8c84f4 News today was unexpected. A Russian court dismissed charges of 100 Bitcoin theft. Two individuals kidnapped and forced a victim (owner of Bitcoins) to hand over his crypto to them. https://zycrypto.com/russian-court-dismisses-100-btc-theft-says-cryptocurrencies-have-no-legal-status/ The assailants were already in jail, waiting for the court decision. The event happened in 2018. Besides the Bitcoins, the victim was also forced to give them 5 million Rubles which the court decided they should be handed back. Still, the court denied to act and make the criminals return the stolen Bitcoins claiming that digital financial assets have no legal status in the country! I was shocked when I read this and I think that everyone else was as well. An asset should be protected having legal status or not. This goes against the principles of ownership and justice. A few minutes later the post I published yesterday on read.cash came to my mind and I began connecting the dots. It is evident that there was an agenda behind this decision. The proposed law (which is the same as the one proposed in 2016) needs backing. The fact is that the Russian government is troubled with cryptocurrencies all these years and they can't decide overwhelmingly which direction to take. The hardliners that want a total ban of cryptocurrencies are blocking efforts for regulation all this time. https://qz.com/672780/russia-is-considering-legislation-that-would-send-bitcoin-users-to-jail-for-up-to-7-years/ The complexity of the subject along with the measures that the governments need to take have stopped many countries from regulating cryptocurrencies. A legal vacuum exists in the case of digital assets. The court's decision to completely ignore Bitcoin as a legal asset was unprecedented as far as I remember. Still, the case will probably be taken to a higher court by the victim as of course, this is an injustice. It is important to follow developments in this story as there is a good chance another court overrules this decision and decides in favor of crypto ownership. This will create favorable terms for regulation instead of banishment. No matter what after this decision the future of cryptocurrencies in Russia is uncertain.

@zenthereum 2 July 2020

Lebanese people are the latest victims of the traditional centralized currency systems. Similar events with Argentina, Venezuela, and Zimbabwe. The printer goes brrrrr and these are the results. Coming from a devastated economy as well, I can understand the significance of these events and how cryptocurrencies can help individuals escape certain events. I've read a comment somewhere, perhaps in a chatbox, I don't remember where exactly. The subject was an upcoming economic collapse. It was simple and precise: "Buy some Bitcoin, just in case".

@zenthereum 1 July 2020

Just trying the short posts option for the first time. Let's see: Vitalik Buterin announced today that ETH 2.0 will reach 100K tps! Scalability trilemma solved?

@zenthereum 1 July 2020

Russia In Favor of Crypto I thought there was some sort of deja vu when reading news about Russia banning Bitcoin a month ago. The news was similar to this: May 23rd, 2020: **"Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail"** https://news.bitcoin.com/russia-law-criminalizes-buying-bitcoin-7-years-jail/ I don't have the best memory but I was sure I've read this before. So I began digging and found this: April 29th, 2016: **"Russia is considering legislation that would send bitcoin users to jail for up to 7 years"** https://qz.com/672780/russia-is-considering-legislation-that-would-send-bitcoin-users-to-jail-for-up-to-7-years/ The same legislation to ban Bitcoin has been proposed exactly 4 years ago! Even the fines are similar. The result was that it didn't pass then and it was around a time when Bitcoin was testing its engines for the bull run that ended in December 2017 with the price reaching $20,000. *"People who currently own cryptocurrencies will be forced to get rid of them before the law comes into force or risk ‘going underground.’ Goals that will be achieved this way are the direct opposite of what’s being declared. In general, the idea of ​​dropping a crypto ‘Iron Curtain,’ in my opinion, does not contribute to the development of businesses or Russia’s interaction with the world economy on a digital level."* ***-*** Dmitry Kirillov, senior tax lawyer I highly doubt that any law against the use of Bitcoin and other cryptocurrencies will be passed by the Russian State Duma. In fact, what I see is a U-turn and either Russia will regulate in favor of cryptocurrencies, along with enforcing stricter KYC/AML regulations, or they will just not proceed with the proposed law to totally ban the use of cryptocurrencies. The Russian government understands that banning a technology will not favor the Russian economy in the long term and such a strategy would mean totally blocking the Russian citizens from the future digital era of finances. Such a decision is not something to be taken lightly. Image source https://russiabusinesstoday.com/wp-content/uploads/2018/01/russia.jpg Reposted on Uptrennd and Publish0x https://www.uptrennd.com/post-detail/zenthereum1~NTMwODMw https://www.publish0x.com/zenthereum/russia-in-favor-of-crypto-xxovlvv

@zenthereum 30 June 2020

Sponshorships Frankly it took me a while to figure this one out. Somehow I was under the impression that the sponshorship option was "on" for all members and I only began wondering about it after I saw many members getting a few people sponsoring them. Honestly it didn't bother me much, as my posts didn't have much visibility either. Only lately I started having more than 10 views on each and I had to do searches to figure out how to enable the sponsors option on my posts. I guess that this option shouldn't be hidden like an easter egg! Honestly even with the instructions it took me a while to find the $ symbol. Anyway I managed to turn them on after 2 months on read.cash but still I'm not hoping for much. I would love to have people interested in my posts and this enables the author to become better, still I will keep in the same pace discussing facts and cryptocurrency issues as usual. I have total respect for read.cash and I feel they can achieve much more in the future. I am glad to be here and read opinions from experienced people in cryptocurrencies, which are usually not so popular and almost always buried by the crypto media. It is a good alternative from other sources that just repeat the same narratives.

@zenthereum 29 June 2020

Bitcoin Indicators Post Halvening This is not a technical analysis. I make a few trades per year if I see an opportunity but I don't day trade. These are a few indicators that I take a look at on a monthly basis and might or might not have a direct impact on Bitcoin's price on certain occasions. I think they are all somehow important as the dust after the halvening has settled and we now look how each of them played out. **Google Trends** The first one is **Google Trends.** I just use "Bitcoin" and "Buy Bitcoin" as terms for my searches and also zoom out to 1 and 5-year chart. While google trends do not mean anything special and TA guys will laugh, it still describes the current sentiment. They don't matter much but they've given me a good indication back in 2017 about the extremely bullish sentiment and FOMO in the end of that year. I remember showing them to traders that had not a clue what Bitcoin was in November 2017 and the next day they all bought. I usually select the "Worldwide" option and also check a couple of countries individually as the US, the UK, Canada, Japan, South Korea and other countries that have strong economies. The fact is that the halving event did manage to raise the interest of investors and lots of people looked into Bitcoin, but the interest faded after that and it is similar to last summer when Bitcoin reached 14K. We can see that interest on Bitcoin is waning lately. **Tweets** I moved on to my next indicator **"Tweets"** In case you laugh at this, just look at the past years how important it was and how much it faded during the two year bear market. It seems that this one is weakening as well after the halving. It did reach quite high during the halvening but after that, tweets about Bitcoin began declining in numbers. There is still some hope that the uptrend will recover and perhaps this might mean renewed interest by the tweeter audience for Bitcoin. Hashrate Once every two weeks I take a look at the **hashrate** as well. Hashrate charts are not so accurate as the blockchain.com one provides the average on the weekly basis, meaning that we don't get data for daily highs and lows. The weekly average seems to be stabilizing after the halving. I've been notified that many miners have already renewed their equipment and some of them have received new S19. I don't know the situation with the deliveries of new equipment, but certainly there is a huge problem with Bitmain lately. Micree Zhan and Jihan Wu are in a constant struggle for power and there have been delays and restrictions in ASICs deliveries from some Bitmain factories. Still there are more hardware producers and it seems that Bitmain will lose their monopoly in this area as well. Perhaps the glory of Bitmain will be a thing of the past soon, even though its two foundaires are already billionaires. Anyway, I always give a better look at hashrate from the chart at fork.lol which has 2hour updates. https://fork.lol/pow/hashrate It seems that indeed hashrate did a low of 74Exahash on June 17th, but since then it is mostly stable, no matter the previous difficulty adjustement which was +15%. To be fair I was expecting hashrate to have problems, but it seems that miners right now are equiped with their new ASICs and are securing the network with a stable hashrate of an averate 100Exahash. **Difficulty** Btc.com provides data on difficulty which adjusts with aim to stabilize the block time for the next 2016 blocks at an average of 10 minutes each. Both these charts point that the halving event did stretch the miners. We don't have growth in hashpower after the halvening, but at least it seems that there is no major problems either. By the way next difficulty adjustement is tomorrow and there won't be any major change. I always consult the following website as well (cryptothis), which gives a few more details on difficulty and blocks mined. https://diff.cryptothis.com/ All these along with various moving averages and oscillators, (most of them are on tradingview) give me a better picture on the market movement and might or might not bring me to a conclussion to buy/sell or hold. I'm not claiming I am a TA expert but I certainly want something more besides wedges, wicks, hammers and whatever patterns traders see in the charts. TA is mostly about averages. Averages is the only scientific approach, so these are what I'm looking at. Trading view says it is sell on daily, but on the weekly the picture is different, as it would take a drop at around 8k to make the chart bearish. After observing all the charts and moving averages I suppose it's fair to say that I don't see Bitcoin dropping bellow 8k and if it does it might be a **bear trap**. After the halving the sell pressure is clearly limited. The moving averages are important and they are analyzed bellow the summarty of BTCUSD on tradingview. Right now there is no major manipulation, whales are hesitant to make major moves and they are mostly accumulating. The reason is that they would risk a lot if they plan to make prices drop right now. Production price has risen and the miners margins are lower now. There are less mistakes and also less room for manipulation at these price levels. Can price stay at 10K for a while? I guess so, but this would only create better chances for another shot above 10K. What I observe in the charts is a retest of 10,000 one or two times more. Bitcoin will have to break above 10K decisevely. Once 10K becomes support everything changes. Anyway while this is not a technical analysis it works for me and I think that some of these are fundamentaly more important than falling wedges and other patterns. When I'm investing for the long run I want to see producers with profits and a healthy market. Right now we are close to the bottom in my opinion in all of these. We can stay at this level, although if price drops further then Bitcoin might not have a chance to recover for years. The halvening is probably having a dramatic effect on prices. I wasn't around during the last one, but from what I understand, things weren't so different. Header Image Source - Modified https://pixabay.com/illustrations/crypto-currency-bitcoin-blockchain-3130381/ Reposted on Publish0x and Uptrennd https://www.publish0x.com/zenthereum/bitcoin-indicators-post-halvening-xkkeepe https://www.uptrennd.com/post-detail/bitcoin-indicators-post-halvening~NTI2OTUz

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@zenthereum 29 June 2020

Binance sents 300m USDT back to Tether Back in 2018 Tether's market cap was close to 2,8 Billion, and it was the first time when they actually stopped printing USDT and instead started burning tokens to reduce the total supply and stabilize towards the USD. Tether did burn 1 Billion USDT in a few months between September and December 2018, with Bitcoin's price diving to 3K at that time. There was recently a report of Binance sending 300million USDT back to Tether reserves, although this time it seems there is no need to panic ( at least not yet) as Tether explained that there will be a swap from ERC20 into TRC20 and the tokens will be added in the Tron blockchain. According to Coingecko the Tether market cap right now is $9,639,976,560 and reaching 10 Billion will soon happen. This will be a milestone for the controversial USDT which has everyone in disbelief about their actual reserves since the end of 2017. Tether never allowed an audit and there had been many problems with their sister company Bitfinex which was hacked in 2017 and at some point was losing 850 million USD, which was again covered with USDT funds and some kind of undisclosed loans. Certainly there is an issue there and it might take years to resolve. Many people fear another MtGox happening with Bitfinex, still the market is not dependent on just one exchange as in the past and I think that there is need for more transparency. The people that fear that money will be lost again if they come out with what they know about Tether, Bitfinex and other exchanges that mismanaged funds of their users, they should know that not talking will eventually create more problems. Anyway my fears had to do with Tether reducing their total supply, which was not the case. A reduction of Tether supply would mean one thing only that there was no interest and it will be a bad omen for prices.

@zenthereum 29 June 2020

New Defi Exploit - Balancer On an article I've posted two days ago (link) I discussed what I see as dangers in DeFi and why I see this as a high-risk investment. https://read.cash/@zenthereum/current-state-of-defi-nonsense-e826e248 Basically, I've explained what I see as red flags and the reasons why we should be afraid to get involved in this craziness. **@Read.Cash** replied to my post and was on spot pointing out that more hacks will certainly happen and these smart contracts will be exploited. The first DeFi exploit in a while happened today on Balancer. It was a relatively small amount of a mere $500,000 that didn't create a domino effect but it still gives a clear indication of why this market is juvenile and should be considered high risk. This is the address of the "hacker" which didn't actually hack anything but just exploited a weakness in the smart contract and bellow are some comments made by possible victims of his actions: https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a What the attacker did was take advantage of a flash loan and drained a "liquidity pool" with a complex transaction that required more than 300 token transfers but only ~$50 in fees. Most of us have heard of deflationary coins. These coins have a few lines of Solidity language code and their basic function is to deflate by a certain percentage every time they are moved on the blockchain. Coins as Bomb, Burn, etc once they are moved a certain amount of them (i.e. 1%) is burned (sent to 0x000.. Ethereum address) and the total amount of tokens is reduced. What the attacker did was abuse a loophole in the Balancer's smart contract that wasn't counting the deflationary effect of a token called Statera (STA). The Balancer smart contract was acting as if no coins were burned on each transaction. https://www.coingecko.com/en/coins/statera Easy to exploit when spotted and there are guys online that have these things as their job. I'm not sure if this can be counted as a hack either as there was no breach in any system. It was more like a bug-abuse. The "attack" was complex and all steps and transactions made are described in this link. https://oko.palkeo.com/0x013be97768b702fe8eccef1a40544d5ecb3c1961ad5f87fee4d16fdc08c78106/ Balancer announced the incident in this medium post and it seems that they decided to remove deflationary tokens to avoid similar exploits on their platform. https://medium.com/balancer-protocol/incident-with-non-standard-erc20-deflationary-tokens-95a0f6d46dea While $500,000 may not be considered too much to destabilize the DeFi market, it proves that the current state of DeFi is weak and easy to exploit. There are people with enough experience and technical knowledge to perform similar actions in all DeFi platforms. I'm not happy about being proven correct but I think that the amount extracted with this exploit will be nothing compared to what is coming. Reposted on Uptrennd https://www.uptrennd.com/post-detail/new-defi-exploit-balancer~NTI0MTc1 Header Image Source https://www.rambus.com/blogs/increasing-crop-yields-with-big-data-2/

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@zenthereum 28 June 2020

Paypal and Crypto The news lately was that everyone that uses PayPal will be able to buy cryptocurrencies through some sort of instant exchange inside the PayPal app, which would probably connect to one of the regulated exchanges in the US. It was indeed huge as news (or rumor perhaps) as Paypal has more than 300 million accounts, possibly each one representing a single person or entity. In this post, I'd like to **briefly discuss two subjects**. 1. Cryptocurrency options One question that arises is which crypto is Paypal considering to add as it seems that there won't be just one cryptocurrency. It seems that **Bitcoin** is the first candidate, but I doubt that it will be just that. Paypal would certainly want to attract as many crypto enthusiasts (and fees) as possible and while Bitcoin will certainly be their first selection, I think that Paypal is thinking beyond that. Dan Schulman revealed in the past that he just holds Bitcoin and nothing else, but this does not mean that the rest cryptocurrencies do not offer an opportunity for Paypal and it will be a marketing mistake to exclude a growing market. Altcoins for the last three years is growing. Bitcoin might be forever in the first place of crypto indexes, still, it will keep losing dominance as cryptocurrencies are evolving. Bitcoin is not possible to be used for everything and other coins will cover these needs. There are really intelligent people working to find solutions for many problems concerning many sectors of our economies and industries. I think that PayPal will surprise everyone by adding options to buy at least five, or maybe even ten cryptocurrencies. I am certain that besides Bitcoin there will be options to buy **Ethereum**, **Bitcoin Cash**, **Litecoin**, and **XRP**. Besides these top five cryptocurrencies, they might be considering adding support for **EOS**, **Cardano**, **Stellar**, **Tron**, and **BNB**. I'm not excluding any of these. Paypal has expanded worldwide and is offering its services with more than 25 national currencies. They didn't grow into a payments behemoth by just using the dollar. They are certainly looking into all options available. 2. The effect on the crypto market It will be huge. I just read this report by a Forbes editor, which is titled "*PayPal Deal Won’t Drive Bitcoin Price Higher*". I did read the whole article although I suggest you don't as there is no reason to waste time. My conclusion was: "What are these people smoking?". Perhaps this should have been the title of this post. The whole post and their conclussion that paypal won't affect price of cryptocurrencies is simply insane. https://www.forbes.com/sites/christopherbrookins/2020/06/28/paypal-deal-wont-drive-bitcoin-price-higher/#29789000404a First of all, this editor is comparing Paypal with Square's Cash App (which is available for just the US and the UK). It has 20 million users which is less than 10% of Paypal's user base. Meanwhile, PayPal will provide access to more than 300 million people worldwide. Cash App is not even available in the EU, Canada or Australia. I'm impressed by the ignorance of the aforementioned post. Anyway, the Paypal effect on the whole crypto market will be huge and prices of any cryptocurrency added on Paypal will soar. Reposted on Uptrennd https://www.uptrennd.com/post-detail/paypal-and-crypto~NTIzMjc4

@zenthereum 27 June 2020

Current State of Defi Nonsense I've taken a look at DeFi lately. The lending part at least which has dominated the interest of everyone. I concluded that DeFi is similar to Ponzi schemes and offers nothing at all. It produces nothing and probably going to collapse massively. Lending with crypto collaterals and claiming that these smart contracts offer financial freedom from banks. No trust scores, everyone can borrow. For sure. **1st Red Flag:** What exactly do you use as collateral to lend money? Other money (crypto) that is easily liquidatable into USD. **2nd Red Flag:** Promise of high returns (yields). **3rd Red Flag:** Twitter accounts as this: **4th Red Flag:** Extremely complicated products and interconnected platforms. One goes wrong all will go down together. **5th Red Flag:** The 4th Red Flag already happened and many victims lost money back in January. https://www.coindesk.com/everything-you-ever-wanted-to-know-about-the-defi-flash-loan-attack What is DeFi in reality: We lend crypto with another crypto as collateral, to borrow more crypto and then lend that crypto again. And we have YouTubers telling us how we are missing out on this financial revolution. How is this any different from Bitconnect? Similar patterns. They were claiming to be a lending platform as well. What is Lending in reality: Capital required by a business trying to expand its activities and produce more to cover the real needs of a community, nation, or the world's population. Hopefully, all those that are farming yield won't be reaping loss soon.

@zenthereum 26 June 2020

Send BCH With Your Email Bitcoin.com announced the integration of a new service in the platform that offers users the ability to send Bitcoin Cash through email. It offers low transaction fees based on the Bitcoin Cash network and the funds can be automatically refunded in case they are not claimed by the recipient. The service can be found on this link: https://send.bitcoin.com/ Send.bitcoin.com offers complete financial freedom to transact with anyone in the world by sending any selected amount of money, anytime to any place. To begin users need to type the valid destination email and the rest required data that will be available only to the receiver, as a name and a memo. After that users write the amount they want to transfer by selecting their national currency. There are options for all available fiat currencies in the world, the transfer though will be made in Bitcoin Cash cryptocurrency. After selecting the amount and national currency users select the expiration time of their transaction and can also input their wallet address to receive a refund of the transaction in case the receiver does not accept the funds. Lastly we proceed with the transaction by scanning the QR code with our Bitcoin Cash wallet: This is an amazing feature that I bet will be used a lot in the future. Simplifying payments and moving towards adoption is what all projects should be longing for. **“It doesn’t matter what nationality they are, what country they reside in, or anything else. If they can access email, they can access their Bitcoin Cash. Bitcoin.com never keeps a copy of the private key.” - Roger Ver** Header Image source https://miro.medium.com/max/3200/1*paDr6Lq5T1Q-oBVX39dKjg.png

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@zenthereum 25 June 2020

The Plus-Token effect is back Plus token seems to be on the news again bringing uncertainty in the markets as usual. The Plus Token Ponzi-scheme that is reported to have extracted more than 3 Billion USD all in form of cryptocurrencies collapsed last summer, and they even announced their exit scam adding a note in a transaction "Sorry, we have run". In total the amounts of cryptocurrencies this Ponzi amassed were: 180,000 Bitcoins 6,4 million Ethereum 26 million EOS ~500 million XRP The collapsed Ponzi is trying to cash out as much as possible of their cryptocurrency holdings lately and this can be a cause for concern as they create selling pressure that both last two times created a negative outlook for the market. In summer 2019 they began selling the Bitcoins they had collected from their illegal activities and ended up selling around 160,000 BTC after obfuscating transactions with the use of various mixing services. According to reports from on-chain analysis researchers, these Bitcoins ended in exchanges like Huobi and OKEx. https://twitter.com/Travis_Kling/status/1275901535239630848 So we keep reading reports of Plus Token moving their altcoins stacks the last few days. First it was XRP. **XRP** On June 19th, they began moving XRP (284 million) which according to reports ended in exchanges like HitBTC, Huobi, and OKEx. https://www.crypto-news-flash.com/ripple-plustoken-returns-massive-liquidation-of-xrp-and-eos/ **EOS** On June 22nd Plus Token moved 26 million EOS to an anonymous address. https://cointelegraph.com/news/plustoken-moves-67-million-to-unknown-wallet-signalling-a-potential-eos-dump **Ethereum** **789,534 ETH** were transferred yesterday out of a wallet marked as (Plus Token Ponzi 2) on etherscan. https://decrypt.co/33421/chinese-ponzi-moves-185-million-ethereum **Bitcoin:** Meanwhile, it seems that the remaining 22K BTC that Plus Token still holds are on the move as well, as a researcher that goes with the Twitter name @ErgoBTC posted that the Bitcoins are moving into mixers again. Plus Token certainly creates major waves when moving the stolen coins and usually they try to sell them through OTC desks of the aforementioned exchanges. It is a fact that the selling pressure they create has a negative effect on prices and the whole market outlook can turn negative again if all these coins are dumped. Reposted on Uptrennd https://www.uptrennd.com/post-detail/the-plus-token-effect-is-back~NTE1NDU2#postMzUyMDkyNQ

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@zenthereum 19 June 2020

Reddit asks Ethereum to solve their scaling issues The "Front-page of the Internet", Reddit, has asked the Ethereum Community for help. Reddit has already introduced "Community Points", which is a sort of appreciation token for quality posts and comments given to members of various Reddit communities for their efforts. https://www.reddit.com/community-points The fact is that they have not being used by many so far, and they are not a central part of using Reddit. So far from what I've read, they can be used as votes in community decisions. The number of community points people earn is the cap of their votes. So this is an effort to create better communities where the people with higher contributions will apparently have more votes. There seems to be an issue though which Reddit recognized and asked Ethereum Foundation and projects that are building DApps on Ethereum to contribute. They came across scaling issues, as Reddit is seeing 450 million visitors each month. Reddit with this post asks for contributions for their scaling issues which has them perplexed over the appropriate course of action they should take. https://www.reddit.com/r/ethereum/comments/hbjx25/the_great_reddit_scaling_bakeoff/ *"We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components, but recognize there are numerous trade-offs to consider"* Reddit clearly wants a **decentralized** solution but also highly depends on this being **scalable** and **secure** as they claim on their post. This brings up the Scalability Trilemma as presented originally by Vitalik Buterin. Louis Tomas is a YouTuber which I don't usually watch because I don't enjoy watching price predictions and fomo. Still, with this video, he did a good job explaining it. https://www.youtube.com/watch?v=8lO9F_lXZB4 It seems that Reddit is actually asking from Ethereum to solve a problem that no one still wasn't able to solve and Ethereum is trying to do so with Ethereum 2.0. Header Image Source https://internationalcryptocurrencynews.com/reddit-partners-with-ethereum-foundation-to-probe-new-scaling-solutions/

@zenthereum 18 June 2020

Governments planning Crypto Ban It seems that there are no relaxing moments in the crypto world, as various governments are once again trying to create a climate of fear on cryptocurrency enthusiasts and under many circumstances are trying to either stall or completely ban the use of cryptocurrencies. It is already known that China banned cryptocurrencies in 2017 and they don't allow the use and trading of digital assets inside their borders. India had announced a couple of months ago that they were moving towards regulating cryptocurrencies and the RBI (Royal Bank of India) claimed that it was allowing banks and other financial institutions to deal with crypto exchanges. Although lately news surfaced about another law being drafted that would once again make crypto illegal in India and restrict access to trading and holding cryptocurrencies to 1,3 Billion people. https://www.forbes.com/sites/kenrapoza/2017/11/02/cryptocurrency-exchanges-officially-dead-in-china/#5527ac402a83 https://dailyhodl.com/2020/06/17/indias-rumored-blanket-ban-on-crypto-will-it-really-happen/ Russia is also considering a bill that will ban trade and any use of cryptocurrencies. The same bill has been discussed in the past and perhaps the same interests (banks) understand that they have no chance so they bring the same arguments (crime, money-laundering, black markets, etc.). Meanwhile, it is proven that the traditional financial system is the one responsible for 99,9% of these actions. https://www.coindesk.com/russian-law-jail-time-for-crypto-operations It was also known that Donald Trump didn't favor Bitcoin either. He made it clear with this tweet. While some people had some crazy ideas that it was Trump that helped Bitcoin since 2017, in fact, he was planning quite the opposite. Once again we witness news about how the Trump administration was trying to go after Bitcoin. https://cointelegraph.com/news/donald-trump-told-treasury-secretary-to-go-after-bitcoin All these remind of the Bittorrent situation back in 2000. It was identical. Governments trying to stop pressure and some guys getting paid after Lars Ulrich said it's enough you have to pay to listen to Metallica from now on. Napster went down, then eDonkey as well. Torrents appeared everywhere then. The Pirate Bay, Mininova, Demonoid, and basically thousands of torrent trackers and websites flooded the internet. Everyone was downloading the latest episodes, movies, and mp3. Still, everyone kept going to the movies, everyone kept buying the same number of Cd's and DVD's and everyone kept buying Metallica t-shirts and visiting their concerts. The torrent age basically helped certain artists to enjoy higher popularity and allowed people all over the world to find out visual art as Japanese anime that no one would care about. A whole new world of entertainment was there for grabs and it took like 10 years until services as video and music streaming media appeared. Anyway, this article is about how governments are stalling progress. This is not even about regulations. Banning a certain technology is something that can only be compared to a witch-hunt in the middle ages. We are not talking about weapons of mass destruction here. This is the only technology we should be banning instead. Cryptocurrencies are here to facilitate transactions in a way Banks and the traditional financial system have failed so far. Cryptocurrencies are here to bring transparency to a rotten financial system. The rules have changed though as it is not about crypto getting accepted by governments but probably about them getting on board. India, China, the US can try to ban them. The thing is that the software will still be running worldwide, 24/7, uninterruptable, and under no one's jurisdiction. Good luck with that. *Image source* https://steemitimages.com/p/KWcVEiwEzuiCesZzDj5SaRbEzKGDXY7E9t2XyeYju3iNiLAUSRdxquHhrvWwKm7WfAQqj7JCXgwGscnADt?format=match&mode=fit&width=640

@zenthereum 16 June 2020

Why We Should Ban Central Bank Digital Coins - (CBDC's) **CBDC's. The government's answer to cryptocurrencies.** **China** is already there and right now they are actively testing their digital yuan which they named DCEP (Digital Currency Electronic Payment). China is moving into making cash obsolete and switching all payment networks to their digital yuan. Paper money will be removed from the market progressively and eventually inside China the only legal way to transact will be their DCEP coin. The Chinese government claims that this way they will reduce corruption, fight illegal black markets, reduce costs of enforcing laws, identifying suspects, and policing their financial system. Indeed they will be able to raise their GDP by a small percentage by eliminating the black market. I don't know about their taxing system, but I guess they have one, so they will raise taxes as well, as everything will be declared and transparent. Automated systems will be able to tax and directly pay the taxes and bills from the user's account. So the government won't ever have a budgetary issue and with future AI systems, they will be able to better predict the yearly budgets and make adjustments accordingly. I can think of another 200 excuses for how CBDC's will create a Utopia in China and any other country that wants to try it. The governments will tell their people all these stories and unless something happens and people realize what is going on, no one will stop this. Real Reason None of the above is the actual reason for any government wanting a CBDC. The real reason is absolute control of the financial lives of their citizens. The government will be able to find out where the money in your account came from and how you are using them. The main use-case of DCEP is tracking. It will be the Big Brother of finances. In case someone is a political dissident he will be persecuted and cut-off from the financial system. The government will be able to block deposits and payments, they will be able to freeze accounts and confiscate all the funds. Totalitarian regimes will have absolute power in terms of financial control. No citizen will be able to raise his voice in a system where everything is recorded and analyzed instantly by systems of mass surveillance. China is using face recognition and lately, they are perfecting surveillance software that recognizes certain facial expressions as possible threats. So we are entering the next phase of mass surveillance and intrusion of privacy. Our beloved governments are perfecting crime prediction. https://www.311institute.com/this-chinese-ai-can-tell-if-youre-a-criminal-just-by-looking-at-your-photo/ But it is not just China. Do you think our "democratic" societies will be able to cope with the disinformation and brainwashing of their citizens? CBDC's will be weaponized by **modern nazi governments** like the ones **the US is slowly trying to establish** and will exclude from the financial system anyone protesting against the government inefficiencies and anyone raising his voice trying to protect his freedoms. The protestors will get a message that all their accounts have been blocked. Did you decide to demonstrate against your government? Be our guest. We just inform you that you are excluded from our money though. The EU will be even worse as every national government has already unwittingly surrendered their national sovereignty to a few puppets of a few corporations in Brussels and Germany. It will be easier to enforce anything there. The puppet EU leaders and the corporations paying them, threatened other EU members of financial isolation and ensured that they enslaved at least for a century countries as Greece and Portugal. With a CBDC everything will be better and protest will be probably predicted to have 99% less effect. It will be a great way to strengthen the grip on the population and destroy any resistance and reduce to an acceptable minimum political dissent. That is not all This is just the beginning though. The moment the citizens of a single country accept CBDC's they don't just accept all the above. They put all their trust in their government and the ones that are pulling their strings. Ok, some people for their reasons still have trust in their governments. How can anyone trust a future government? History suggests that governments tend to become autarchic irrational, militaristic, warmongering, as centralized as possible and controlling. They also have another characteristic. They tend to fuck up. They fuck up pretty bad. A CBDC means that not only citizens of the nation that implements it trust their current government, but will also trust all the rest governments that will follow. It is a weapon that governments shouldn't be allowed to control.

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@zenthereum 15 June 2020

Youtube bans Bitcoin.com [EDIT]: The official youtube channel of Bitcoin.com is back up again. Youtube has terminated the official youtube channel of Bitcoin.com. The account link was this: https://www.youtube.com/channel/UCetxkZolEBHX47BqtZktbkg and as we can see the youtube termination message: Roger Ver posted a video on Reddit a few hours ago about this and explains that the termination of the account happened for no reason at all. I suggest watching the whole video if you haven't done so. Here is the Reddit link. https://www.reddit.com/r/btc/comments/h95tfy/youtube_is_becoming_a_tool_for_social_media/ Roger Ver also explained that this is a good time to begin exploring other options as Dtube and Lbry. Seriously I don't know the reason for banning other YouTubers still, it looks unable to handle it's size and traffic lately. Bot-nets are dominant in youtube and can be used to pump numbers. I've seen videos getting 1000 likes the same second they were uploaded. The scammers that post the fake giveaways possess such bot-nets. They hack accounts, delete all their history, and livestream their scam giveaways. Sometimes they even turn live-chat on and have chatbox posting to lure people in. Source https://cointelegraph.com/news/youtube-bans-bitcoincoms-account-for-basically-no-reason-roger-ver-says

@zenthereum 12 June 2020

Next Difficulty Adjustment Might Cause Real Problems The next difficulty adjustment for Bitcoin is expected to be at least +15%, meaning that the miners that turned on their machines, will once again shut them off. It is expected that the difficulty will be adjusted this Tuesday on block 635040. https://diff.cryptothis.com/ Bitmain is in a civil war right now, with an inside battle for power escalating after Micree Zhan physically took over the Beijing headquarters and yesterday an ASIC factory in Shenzhen, China, suspending the already delayed deliveries of new ASICs to Bitmain clients. https://www.theblockcrypto.com/post/68011/bitmain-shenzhen-shipments-suspended Moreover, the price of Bitcoin dipped 10% yesterday and stabilized at around 9400 with a negative outlook. Economies look like they will enter at least a 2-3 year phase of negative GDP and a prolonged recession. I hope I'm wrong on this but I can't see any basis on the estimates of a "V" shaped recovery in the economy. These facts can be of grave concern and perhaps will affect Bitcoin for many months. Bitcoin's hash rate is looking for the first time to be weakening. Of course, this might not mean that the network will become insecure and prone to 51% attacks, but it will mean that miners will turn on their machines every time hash rate drops, mine blocks easier (cheaper) and price will follow the production cost. Of course, more than 60% of the production is happening in China where the miners have negotiated very favorable contracts with power suppliers and some have even created their own dams in order to produce cheap electricity for their operations. The reduced power cost is countering the effects of the halving. The Bitcoin fees have dropped lately and since the price has also dropped it can be another fact added to all the above that might produce a difficult situation for Bitcoin. As I've written before, while major funds are trying to find a safe harbor they still don't consider Bitcoin being one. Billionaires don't like waking up millionaires, so they won't buy an asset because crypto twitter thinks this way. https://read.cash/@zenthereum/the-world-needs-a-digital-currency-not-digital-gold-42da9576 I don't know though. Perhaps Tether will print another trillion BTC to sustain 9k for a few more months. Perhaps they still think that the stock to flow model is working and somehow people will buy Bitcoin at $100,000 for some unknown reasons. Or perhaps they still think that hyperinflation levels of Zibambue are right around the corner, while in fact, it is deflation that hits economies during a recession. Seriously I think that crypto twitter is just dumping to the clueless people that are buying right now. *I have hopes for Bitcoin and cryptocurrencies and I am waiting for a new wave of adoption. I just don't share the crypto twitter's desperation to push Bitcoin as something it is not. It is obvious that these people are just shills posting random unverified data without thinking. I believe that Bitcoin right now might make a new ATH but it won't go to 100,000 until the end of 2021 as the stock-to-flow model suggests. A simple mathematical equation is not a model. There are countless variants that are not accounted for. “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” - **The Big Short** (2015) *[Edit]: Added this paragraph a day later. Originally posted on read.cash. I also published this article on Uptrennd. https://www.uptrennd.com/post-detail/next-difficulty-adjustment-might-cause-real-problems~NDc3Njg1

@zenthereum 6 June 2020

The Evolution of Gaming **Get paid to play!** I'm not joking this is the future of Online Gaming. For a few gamers, this is their present as well. We will all get paid in the future to play games and some of us might even make this their daily job! The efforts of a few developers to create blockchain games that reward their players is really interesting. If they manage to built this correctly allowing their users to profit, the major video game coprorations will follow. Basically the gaming companies might proceed directly to this gaming model and partner with a few major cryptocurrencies to facilitate the trades and in game payments. Computer and console games were originally coming into boxes along with discettes, cartridges, later CD's and DVDs. All these were items sold on a store and the boxes were haveing detailed covers. They also contained inside various items that added extra value to the player, as the whole procedure was something magical that was going to offer many hours of entertainment. Of course, the gaming companies were targeting mostly kids and young adults but there were a few companies that were releasing really interesting titles and series that were suitable for any age. For example, most of the point 'n click adventure games by Sierra, Lucasarts, and other companies were suited for all ages. I don't know if you have never played games like Monkey Island, Sam 'n Max, Kings Quest, Space Quest, Leisure Suit Larry, etc. They are all incredible games and the pixelated graphics of the VGA era add even more to their classic value. Now, I'm not going to make a timeline of games and explain different genres in this article, so to cut this sort everything changed with the arrival of the Internet. Games were not anymore a solo adventure or just something you would do with a few of your friends. Games became massive when they switched to the internet. They became addictive and highly populated when they began allowing gamers to test their skills in PvP (Person versus Person) combat and work together for common goals in the games, with people around the world. It was games like Ultima Online, Lineage II and the original Counterstrike that changed everything. At that moment you were able to log in your favorite game and participate in adventures or battlegrounds with players all over the world. It was a revolution and soon almost all genres shifted into this mode. This created additional profits for the gaming industry and they also figured out soon that they didn't need any boxes and materials for their games. The files were always the most important part of their game, so they begun selling their games through their websites. Soon gaming platforms appeared as Steam and the release of the MMORPG World of Warcraft and the League of Legends games added to the competition. Games were always competitive sports. The high scores at the arcades were always awe-inspiring and people were trying their best to beat. There were gaming contests since the '80s and if you watch gamers on Twitch, I'm sure that you have heard of the "Two Time"! https://en.wikipedia.org/wiki/Dr_DisRespect Around 2010 companies began experimenting with a new model of marketing their product. This time some titles weren't going to be sold to the users, but they were offered for free instead! This model existed in various browser games that their production cost wasn't much and because of their simplicity in graphics and audio, they were just allowing anyone to play for free while offering some extra perks that would offer in-game advantages for a price. So **F2P** (**Free to Play**) model was adopted by various games and managed to attract high numbers of players for the games. It was a success and League of Legends, and later Player Unknowns Battlegrounds (PUBG) reached millions of active users for many years. Some companies did exploit the F2P model by creating a fake free mode, where users could play but could not compete with others unless they paid. These games were justifiably named **Pay to Win** by the gamers. Games became e-sports and League of Legends, Dota, and Counterstrike begun making live tournaments in stadiums and theaters, in front of a live audience, while offering contracts to the best players of each game, in order to produce more entertainment value for the e-sports. Many games offer various tournaments, where the best players test their skills (usually in PvP) and produce entertainment that other people pay tickets to watch live. So e-sports were created and gave the chance to many players to professionally seek a career as a gamer and the top gamers of certain franchises became now professional gamers. 20 years ago everyone would laugh if you told them that you are a professional gamer. Everyone might also laugh now if you tell them that your job will be playing games online. It is the only logical step though in the evolution of games. I don't actually know how the new model will be called and I also don't know how this will happen exactly. I don't expect companies to hire their gamers, but I am sure that along with skill the income of players will rise, reaching similar levels to an average wage of a Western country. I've played MMORPG's a lot and I've also reached high enough skill in a few of them, to be able to have top-tier items and made gold that others were looking for black market options to sell. There are gold sellers and there are gold farmers in all MMO's. There are people that right now make a living out of playing games or offering services to trade in-game items, as websites and escrow. There are people that are spamming the chatbox of MMO's with bots advertising their gold prices. Although this is against the user's agreement and the publishers can ban accounts for these reasons. So it comes with a risk. Usually, people try to sell their items and gold/credits when they've decided to quit the game. This is a huge market and the gaming companies are not handling it correctly. At some point they will figure out that the items and gold people produce in their games are not owned by them, but it is their gamers' possession. It is the gamers that worked hard to earn the items, the accounts, and their achievements and they managed to learn mechanics, skills and figure out how to act and counteract in every situation. Here is where blockchains and some crypto projects are ready to help the video gaming companies like Blizzard, Nintendo, Electronic Arts, in the evolution of gaming. The black market of gold and items can only be defeated by adding open markets in-game, or through some other official platform for trading. This is part of the game as well and companies can profit from the introduction of a crypto marketplace with fees. Users would prefer to deal through an official marketplace. Both people that sell and buy items for real money can benefit from this and the company gets to keep the fees. The best gamers are the ones that will be rewarded more than others and they will be the ones profiting more. Various cryptocurrencies are ready for this and I hope that companies will negotiate and agree to use many of them for this purpose. I think that in this case, if just one game with this model appears, it will get millions of users from day one. I reposted this article on Publish0x . https://www.publish0x.com/zenthereum/the-evolution-of-gaming-xzygvry

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@zenthereum 4 June 2020

Gambling time soon - Altseason Can we have a repeat of 2016-2017 between 2020-2021? This is the real question. Is it possible for Bitcoin's price to reach 100K and perhaps more during the next two years? It seems that everyone invested now are people that already made money from Bitcoin in the past and for these people, there is no risk, as they just trade or invest a really small portion of their profits (just in case) and the people that begun speculating with cryptocurrencies between 2018 and 2020. I'm estimating that most of those that were looking into Bitcoin since 2013, and are still here they didn't make millions. They made mistakes, didn't think that prices of Bitcoin and altcoins could jump that high, and couldn't afford the pressure. Are these people now heavily invested? Some but still not all. Most are still losing traders and nothing will change. Others do not have anything to do with their lives than shill their bags on twitter. Anyway most of the bag holders, that are not early adopters that already made millions, bought Bitcoin in volumes that are way above their limits. They gambled and were lucky that prices recovered however this happened. Still, you can see that there is panic and desperation. There is no hope for a 20x this time. At least not for the next two years. In 2015 people bought 10-50 Bitcoin with just 2000-10000 USD. This was a correct buy looking at how Bitcoin began developing and gaining adoption. 50 Bitcoins after 2 years made people millionaires. Right now you can just buy 1BTC maximum with 10K USD. And you can't make 100x. We just hope for a 10x this time which I find difficult as well. In my opinion, the Bitcoin and altcoin market will stay as it is and fluctuate further for 2020-2021. What I think is certain is the massive adoption of altcoins. There will be projects that will be massively adopted and used by people in their every day lives. Perhaps Bitcoin will succeed as well, although right now I would look for other alternatives that will be able to help with speed, security, and low fees. These are the coins that can revive the broken economies and help businesses. $5 transaction fees are way too much. Transactions need to be instant and as feeless as possible. I care about decentralization, but I won't miss an opportunity if I find one and it is a centralized one. To be frank I will use Libra as well. Why not? If I can profit from a marketplace as Facebook then I will gladly use it. Who hasn't used PayPal in the past? Do we claim that PayPal is centralized and garbage? It is a successful business that managed to help enterprises, trade, and consumers. Again, I'm in favor of decentralization and completely understand what it means. Although a decentralized network is not one that is sustained at a 60% rate from three Chinese companies. We have to trust the Chinese miners that they won't fuck up, that their government won't just shut them down and that they will be honest and won't attack the network if they see fit. I am out of topic right now though. What I wanted to write about is that there is a good chance that during the summer we will see altcoins regaining dominance. The release of ETH 2.0, the Cardano release of Shelley, upcoming developments in many cryptocurrencies, and the increase of adoption of coins as Bitcoin Cash, Monero, Tezos, Tron, and Dash can become increasingly competitive versus Bitcoin. Bitcoin managed to reach 10K during the halving and most miners are right now striving. I don't really know how Tether managed to print 4-5 Billion USDT and how these were made available to the markets, still, they were a major reason for the price of Bitcoin to recover from the March dip. Since 2018 I was expecting Bitcoin's dominance to reach even 80%. It did go up to 70% and now it is probably time to begin going down again. The signs are there. Other cryptocurrencies are already rising and perhaps it might begin even with Bitcoin not reaching 10K again. This is the reason for my title. I was expecting this summer for an altcoin season to occur. The total market cap of altcoins excluding Bitcoin right now stands at 95 billion USD. I think that this can easily double and we can see coins making 10x and 100x again. Perhaps a good time to buy a few altcoins would be after a dip just to minimize risk, but I've already taken a few small positions in some of them, just in case. By the way, I don't advise anyone to gamble, as this is just speculation from my part. Still, I don't think that altcoins will keep dropping and Bitcoin will stay at this high dominance for much longer. It is still at 65% and this number can easily drop to 40% in a few weeks.

@zenthereum 24 May 2020

Plagiarism in read.cash image source https://magarticles.magzter.com/articles/3071/350778/5cff27ec56019/Plagiarism-In-Design.jpg I am visiting read.cash frequently but posting rarely. What I've found are splendid articles by high skilled authors that could actually write a book on their own if they find the time and motivation. Lately, I keep encountering plagiarised content that is either directly copy-pasted or copied, paraphrased with the use of online tools, and then presented as someone's work. This is a dishonest and shameful act of course and I hate anyone doing that. I reported countless such articles and I've noticed that read.cash takes care of these reports asap. Still I've wasted many hours doing that and to be honest, I don't have time to waste. While trying to research and find out the source of obvious paraphrased plagiarised content, I questioned myself, why am I spending time with this. I'm honest and I also try to make some money online through various activities. What this research on plagiarised content is offering me? The answer is nothing. I am not responsible for them, others should be and I only began doing it, after I noticed some silly comments on my posts. Anyway I won't keep doing that since there is no incentive. I still hate plagiarism and people that think they can get away with stealing other people's ideas. Although I won't be wasting my time on this any longer as I don't profit. I will protect my work though and report anyone that plagiarises my content.