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Thread: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

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    United States Avalon Member onawah's Avatar
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Each breath a gift...
    _____________

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Slightly off topic but this pertains to predictions that Elainie is making and her contacts.

    In this post one contact seems to have told you(Elainie) that Covid was a Bioweapon and it smelled like an immediate mass extinction event…

    https://projectavalon.net/forum4/sho...=1#post1342121

    @Elainie:

    how do you reflect on that information from the point of view of today?
    how reliable on a scale from 1-10 would you rate your current contacts/insider information?


    Thanks for your clarifications and sorry for the off-topic intervention.
    Last edited by wegge; 4th July 2021 at 14:15.

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  5. Link to Post #463
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Great panel discussion from companies at the forefront of cryptocurrencies institutional adoption. Talking about building the financial rails and infrastructure necassary. And how in the next 6 months we might see the first hedge fund tokenise their entire portfolio onto the blockchain. Great vision from all the speakers as to where they see the world of digital finance heading.

    https://mobile.twitter.com/Securitiz...20455694684160


    Quote The Next Wave of Digital Asset Securities
    July 2, 2021
    Learn from the experts how digital asset securities are about to have a breakout moment and how stable coins are playing a key role.

    Featured panelists in this recording are:

    Jeremy Allaire, Circle CEO

    Carlos Domingo, Securitize CEO

    Steve Kokinos, Algorand CEO

    Diogo Monica, Anchorage Digital President

    Moderator: Herwig Gaston, CEO Security Token Group

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  7. Link to Post #464
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Q and A between Zenobia Godschalk and Leemon Baird. Always good to hear more about Leemons 100 year vision for Hedera. Lots of technical questions in this one. Pretty sure Solana is the blockchain he refers to that claims super high TPS but works off a rotating leader node that could easily be taken down by a malevolent hacker.

    https://mobile.twitter.com/BarHBARia...15137456758786



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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Each breath a gift...
    _____________

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  11. Link to Post #466
    United States Avalon Member onawah's Avatar
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Transcript of the latest discussion between Fitts and Dark Journalist here: https://projectavalon.net/forum4/sho...=1#post1439454
    Each breath a gift...
    _____________

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  13. Link to Post #467
    Finland Avalon Member rgray222's Avatar
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Now that this new technology (Lightning) has come into play, I believe it will ultimately change Bitcoin into what it was meant to be, Bitcoin for billions not billionaires. This is a fairly long article and I am only posting the first few paragraphs


    Elizabeth Stark, chief executive officer of Lightning Labs, speaks during the Bitcoin 2021 conference in Miami.(Eva Marie Uzcategui/Bloomberg)

    The Lightning Network Is Going to Change How You Think About Bitcoin

    The vote wasn’t close. In early June, 62 of the 84 members of El Salvador’s Legislative Assembly – a whopping 74% – voted to make bitcoin (BTC, -2.51%) official legal tender. “History!” tweeted Nayib Bukele, the bitcoin-happy president of El Salvador. He’s not wrong. The nation’s stunning embrace of crypto, regardless of what happens next, is arguably the most influential event in bitcoin’s history.

    Look closer. This didn’t happen because El Salvador farmers are hoping their Blockfolio balances will go “to the moon.” This wasn’t fueled by dreams of a BTC index fund. This wasn’t about price speculation. In a nation with a 70% cash economy, villagers and farmers are actually using bitcoin, sending small amounts of satoshis (or “sats”) to buy fruits and vegetables, embracing the original peer-to-peer vision of bitcoin that would make the actual Satoshi smile.

    For this, we can thank the Strike app, from Jack Mallers, which makes it fast and cheap and easy to send and receive tiny amounts of bitcoin. Now look even closer. Strike, in turn, is powered by the Lightning Network, which crypto-geeks know as the “layer 2” protocol that basically settles transactions “off-chain,” through a growing network of user-hosted channels and nodes, that exponentially cuts down the time and fees to send bitcoin.

    Mallers always knew he’d use Lightning to fuel Strike. “It was painfully obvious,” Mallers tells me, calling Lightning’s layer 2 solution “one of the more impressive advancements in money as a technology in human history.”

    Lightning is the engine that’s driving this burst of bitcoin adoption. And you could make a good case that the Lightning Network is the most important project for the most important asset in all of blockchain. Yet the actual team that’s building Lightning, led by CEO and co-founder Elizabeth Stark, is almost oddly off the radar. Lightning even somehow feels … underrated? After early spurts of publicity in 2017 and 2018 (such as Leigh Cuen’s Bitcoin’s Warrior Queen profile for CoinDesk, or the Lightning Torch experiment of 2019), Stark has generally avoided the press, burying herself in the work.

    Source and to read the rest of the article: https://www.coindesk.com/lightning-n...-about-bitcoin

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Yieldly finance is making some quick moves. Already listed on Coinbase (as price view only, non-tradable), but listed for trading on MexC yesterday and will be live on ProBit today. It’s ICO price was $0.002, and it’s currently trading on MexC for between $0.005-$0.008. The first Algorand ASA (Algo Standard Asset) to be tradable on exchanges. I sold 800 Algo yesterday and bought 98,000 YLDY at $0.007. The transaction fee to send it back to MyAlgo wallet was 10 YLDY ($0.07). Super cheap fees on the Algo network.

    https://mobile.twitter.com/YieldlyFi...41535341387780

    The UK government have been tightening the regulations recently, with several banks stopping deposits and withdrawals to Binance. Worse than that though is the UK governments intent to tax more heavily the crypto space. They want a 20% tax on all crypto-to-crypto trades, as well as the 30% capital gains on all the profits you make, which has led to some UK youtubers looking for a tax haven escape plan.


    I was running a trading bot on Binance but with the volume of trades it makes, and the 20% tax on all trades, it just doesn’t seem profitable to keep it running. Yieldly is offering 70% APY for staking your tokens with them so I decided to sell up on the trading bot account and move everything into Yieldly for the passive income APY. I’m now officially a Yieldly whale.

    I’ve still got nowhere near as many as this guy though.


    ~~~~~~~~~

    Bitcoin still being boring and moving sideways. Still following the Wyckoff model on the daily timeframe. Hopefully we’ll resume some bullrun fun by end of July/ early August.

    https://mobile.twitter.com/AllenAu11...48855906861056

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  17. Link to Post #469
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Markets are crashing yet a big news day for Algorand. ArringtonXRP capital with a new report on how Algorand can be the one blockchain to rule them all.

    https://mobile.twitter.com/ninos_man...50990566952968


    =============
    Illuminating The Dark Age Of Blockchain: Algorand

    In this paper, we argue that blockchains are trapped in a dark age of technology centralization. The wars of multi-chain DeFi push the market to abandon decentralization, its oldest and most foundational principle. Crypto’s citizens search for “fast” technologies that optimize for DeFi yield generation, even if this hands power to a new class of kingmakers – from centralized exchange operators to political figureheads who guide the destiny of these networks.

    This dark age presents users with a choice: performance or decentralization, but not both. Following on from our 2019 report at the launch of MainNet, we argue that Algorand represents an opportunity to transcend this paradigm. It is the first “fast L1” which can coordinate between billions of people without trending toward plutocracy. Consensus is fast yet open to anyone: Algorand currently performs 1,000 TPS with < 5 second finality without sacrificing decentralization.

    Solving the “blockchain trilemma” compromising other networks, Algorand has been live for two years with no downtime. A series of novel cryptographic and political breakthroughs create a new system of self-government and evolvability unlike any other L1 blockchain. The end result: a way forward for DeFi without forsaking decentralization and a ground-up network for risk-averse TradFi applications like Central Bank Digital Currencies (CBDCs) and asset securitization.

    If the Enlightenment – an 18th century intellectual movement focused on the ideals of reason, liberty and constitutional government – was humanity’s new base layer protocol, then the scientific method and industrial revolution were simply the apps that followed.

    What apps could emerge in an Algorand age of reason? One simple application is “fast DeFi” without centralization and inefficiencies like miner extractable value (MEV). Another application – arguably the ultimate goal – is the eventual merger of DeFi and TradFi. We could see a wave of hybrid experiments where DeFi plugs into TradFi, bridging old and new capital pools.

    This, perhaps, is crypto’s industrial revolution – a productivity boom that will come long after the end of the DeFi wars. In our view, Algorand could be the immutable home of high-value assets, where hybrid experiments emerge and grow to global scale.

    Download or view the report here
    ==============

    DeFi on Algorand is going to be huge, and it’s only just getting started.

    https://mobile.twitter.com/AndrewBon...98174951399427

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  19. Link to Post #470
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    New protocol to put on the watch list, Avalanche. Securitize, the company digitising class A stocks and issuing them on the blockchain explain why their clients are fleeing Ethereum, currently to the tune of $170million, in preference of new tech such as Avalanche and Algo. Avalanche is also trading at $9.50 right now, down from its all time high of $60 last February.

    https://mobile.twitter.com/Securitiz...97777390604293

    =========
    Securitize: Next-Generation Blockchains Provide Much Needed Alternative to Ethereum
    by Polly Jean HarrisonJuly 19, 2021

    Jamie Finn is co-founder and President of Securitize, which helps companies raise capital and investors to access the private capital markets via digital asset securities issued on the blockchain. Here he shares his thoughts on how next-generation blockchains provide a much-needed alternative to Ethereum.

    If Bitcoin is digital gold, then Ethereum is its more practical cousin–the blockchain protocol upon which the rise of decentralized finance (DeFi) was envisioned to grow. Or, at least, that was the idea.

    There’s just one big problem: the price per transaction to use Ethereum is prohibitively high for adoption at scale. The reason: Ethereum’s algorithm (like Bitcoin’s) demands significant electricity to crunch the numbers extending its chain, resulting in transaction surcharges (known as “gas fees”) that can be many times the amount of an actual transaction — as much as $20-40 per transaction in May 2021.

    The promise of DeFi is that it is designed to facilitate financial transactions without reliance on big banks, as well as to provide investors with access to capital 24/7, thereby levelling the playing field for everyone. This should ultimately create a more equitable and frictionless financial services ecosystem and DeFi offerings, for now reserved to enhancing crypto and digital asset securities exposure, will soon extend to other financial services staples currently ringfenced by traditional finance. From an investment perspective, DeFi is also attractive as it may provide yield in a low-interest-rate environment.

    While DeFi is working to democratise the system and encourage smaller investors, Ethereum offers no sliding scale cost model so a retail investor working with $50 or $1,000 faces the same gas fees (the price to transact) as a larger institution working with millions or billions. And clearly $40 surcharges are prohibitive for moving small amounts of money. Therefore, Ethereum (as it is currently structured) simply cannot be the foundation upon which DeFi is built.

    The reality is that Ethereum is the first generation of practical blockchains. But the second generation is now here–and these chains are far more efficient and practical in propelling DeFi’s adoption and potential.

    In fact, as one of the largest providers of digital asset securities (DAS), we have seen this problem coming for a long time and intentionally built an open architecture so that we could use the best blockchains as the technology progressed. The factors to weigh in picking one chain versus another are, of course: speed, security, ease of use, and overall efficiency.

    While our stable of blockchain partners currently numbers five, including Ethereum, Hyperledger and ConsenSys Quorum, we will focus on two of our most active partners: Avalanche and Algorand, and what they each offer up against the incumbent benchmark.

    Avalanche is compatible with Ethereum’s assets and applications, so replicating the functionality is painless and we have been able to port clients over to this blockchain seamlessly. According to Avalanche parent AVA Labs, users have transferred more than $170 million to Avalanche from Ethereum since February and we continue to see the utility and future growth in their platform.

    Here are some key reasons why:

    Provides a replica of Ethereum, compatible with its tooling
    Offers more nodes, with a lower percentage needed online for network functionality. Virtually instantaneous settlement of less than 1 second to 3 seconds, handling more transactions per second than Ethereum
    Proof of stake system – requires node owner to put skin in the game (as opposed to Ethereum, which is a “proof of work” chain)
    The average fee is $1.20, versus $20-40 range for Ethereum over the last few weeks.

    Algorand, another key partner of ours, also has a key advantage over Ethereum: a fixed price model, which fits well with many of our offerings as we look to democratise the lifecycle of private markets, including making the issuance and trading of security tokens available to all investors. In addition, one of Algorand’s objectives in launching was to solve for the problem that first-generation blockchains were tough to scale. They have delivered on that promise, as well, with billions of transactions processed per second.

    Other Algorand benefits include:

    First pure “proof of stake” blockchain
    Highly economical, efficient to scale up
    Fixed cost of transaction is 0.001 (1/10 of a penny) making micropayments possible
    Carbon offsets resulting in a net-zero emissions output
    Every transaction is stable and final
    Ethereum still works for some, namely much larger transaction sizes to offset the gas fees; and there are still hopes pinned to Ethereum improvement proposal (EIP) 1559, which is expected to go live in July and could smoothen out the economics. We, however, remain skeptical that this will move the gas fees needle enough for Ethereum to be competitive as Defi and DAS are set to explode.

    In fact, the prior EIP (nicknamed Berlin) was supposed to have solved the efficiency problem yet conversely had the opposite effect, as the vote sits with miners who have different end games. By limiting supply, price goes up which is good for them and historically, gas fees have always moved in lockstep with rising prices for Ethereum. While we are way off from all-time highs reached in May, we are still well north of the $400 equilibrium price point where we believe gas fees will be competitive with other options.

    There is no question that Ethereum has the first-mover advantage and network effect needed to propel the digital asset industry forward and remain an important cog in the overall blockchain ecosystem. However, the rise of alternative options, built on more user-friendly ground will be what truly propel the adoption of DeFi at scale. Ethereum is important but the newcomers are where innovation is meeting what the market needs.
    =======
    https://mobile.twitter.com/avalanche...93667527778308

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Sharing here what i read today on twitter:

    1. High level goverment employees are saying there can be only one in the end, fiat or crypto.
    2. EU is going to (try) to ban anonymous crypto wallets.
    3. Mastercard is going to up its crypto possibilities.

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  23. Link to Post #472
    UK Avalon Member Jayke's Avatar
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Quote Posted by Mypos (here)
    Sharing here what i read today on twitter:

    1. High level goverment employees are saying there can be only one in the end, fiat or crypto.
    2. EU is going to (try) to ban anonymous crypto wallets.
    3. Mastercard is going to up its crypto possibilities.
    As Tom Luongo often highlights, Davos wants the crypto space regulated for their ultimate control (banning anonymous crypto wallets), while Wall Street wants crypto DeFi in whatever form makes them the most money (MasterCard increasing crypto integration). High level government employees tend to be so compartmentalised towards the bigger picture they never get anything right. Personally, despite the tug of war between crypto and fiat, both will no doubt be around for a great deal longer yet. A snippet from Luongo’s latest market report:

    ==========
    Bitcoin

    Since we’re now very likely staring at a stronger dollar for the next six months, minimum, the natural reaction is to think that this will be bad for Bitcoin (BTC) and all dollar alternatives. But I don’t think that because the situation is far more complex than that.
    If Bitcoin were still trading at $60,000+ per coin, then yes, I would be bearish here with the Fed pulling back on dollar liquidity. But it’s not. It’s price is now half that. And all of the fundamentals are moving in bitcoin’s direction.

    June saw the most intense anti-bitcoin slate of news and events it has ever seen in its twelve-year history. And the worst that happened to bitcoin and most of the cryptocurrency market was an extended bout of consolidation but without further breakdown.

    Last month we talked about bitcoin’s new era as a form of reserve asset and legal tender in El Salvador and other countries are moving quickly to do the same thing. A stronger dollar will perversely increase demand for bitcoin (and gold) as those markets are drained of dollars they will sell their local currencies for other assets which preserve their purchasing power.

    Moreover, the dismantling of the mining infrastructure in China has turbo- charged domestic production of bitcoin hashing power in the U.S. I’ve spoken with a number of people in the energy industry and they are all saying the same thing, power companies are now looking for ways to monetize their excess output while also marketing it in a very Davos Crowd friendly way as being green and/or carbon neutral.

    It doesn’t matter whether the bitcoin was produced by a coal plant or a gas- fired one, excess electricity is just wasted energy which can and should be captured. The more the U.S. invests in bitcoin’s basic infrastructure the more convinced I am that both Wall St. and the Fed itself now see it as an asset to nurture rather than a competitor to fight.

    And for that reason alone, I continue to be very bullish on it. I know that there are plenty of forces out there arrayed against Bitcoin and cryptocurrencies. Most of them are controlled by Davos. But others, namely Wall St., see a massive opportunity for not only profit but also a lifeline to sustained business in a world where the very nature of traditional banking and finance is changing on an almost daily basis.

    Capital flows to where it is treated best. And Decentralized Finance (DeFI) built on top of a sound money treats consumers best in a world where monetary inflation is destroying wealth faster than we can create it.
    Keep accumulating bitcoin below $36,000 per coin while we wait for the breakout above $41,000, which should send it quickly back to its all-time high above $64,000 and then potentially much, much higher than that.
    ==========

    An article on Nasdaq about why institutions are defying the banks and moving into crypto.

    ==========
    Why Institutional Investors Are Defying the Banks and Leaning Into DeFi

    Between negative-yielding bonds, the frothy equity market and looming inflation, institutional asset allocators have been forced to look for alternative means of generating yield.

    Over the last year or so, a growing list of institutional players have started to accrue massive sums of Bitcoin and Ethereum, not only as a means of combating lingering inflation fears but as a way of generating steady, tangible and fixed income streams.

    In fact, according to the core personal consumption expenditure index — the Federal Reserve’s preferred inflation reading — projected inflation rates are currently at their highest level in almost three decades. Speaking to Bloomberg at the Qatar Economic Forum, Bridgewater Founder Ray Dalio and former Treasury Secretary Larry Summers shared the sentiment that inflation in financial assets is a concern, mostly because there is a significant amount of liquidity in the market making it difficult for returns to be justified. As a result, corporations have more incentive to hedge their treasuries in favour of crypto.

    The decentralized finance (DeFi) market has afforded many forward-thinking institutional investors the opportunity to go beyond Bitcoin and explore crypto lending, borrowing, liquidity mining, and staking. This has facilitated ways to generate steady yields that are often much larger than they would traditionally garner.

    Why DeFi?
    “Yield farming” has become synonymous with the DeFi sector. In its most basic sense, Yield farming allows users to deposit digital assets and be rewarded with other digital assets in return. For example, deposit ethereum and earn a 3rd party token in return.

    One of the most popular methods, known as liquidity mining, requires investors to provide liquidity to a decentralized exchange (DEXs) in return for rewards. The process involves funds placing multiple digital assets, typically a trading pair, into a liquidity pool and gaining a percentage of the trading fees as a reward.

    Another avenue favored by fixed income style funds playing with DeFi is staking, where users agree to deposit their crypto in smart contracts on a specific network (Ethereum, Algorand, Cardano etc.,) to secure the platform and validate transactions. In return for this service, the individual is provided with incentives, primarily in the form of token rewards.

    Tokens harvested via staking from these ventures can then be compounded via similar DeFi protocols, creating a cyclical chain of rewards that can quickly add up. For example, the best performing investment fund in Australia, Apollo Capital, generated nearly 700% YTD in April 2021 by staking on behalf of its liquidity providers.

    The DeFi market is becoming flatter, allowing users to farm for yield across disparate DeFi ecosystems. So called ‘bridge’ products, such as Yieldy’s Algorand-Ethereum bridge, are allowing users to easily transfer their assets to other ecosystems to leverage and compound their digital assets across various DeFi product offerings.

    As for yield potential, staking ventures such as Yiedly’s YLDY-ALGO pool enables users to gain upward of a 100% Annual Percentage Rate (APR) on their assets. This differs dramatically from traditional lending and borrowing, which nets out at 1%-5% at best. Moreover, through compounding returns via yield farming, it is even possible to lock in an APR ranging anywhere between 500%-1000%.

    The tides of institutional involvement are turning
    The continued growth of the DeFi sector has not gone unnoticed by many big-name players. In fact, per a survey of 100 hedge fund chief financial officers globally, an overwhelming majority of today’s biggest fund managers believe that by 2026, at least 7.2% of their holdings will consist of cryptocurrencies — working out to a whopping $312 billion.

    Not surprisingly, a recent PwC study recently revealed that 31% of crypto-based hedge funds have already started making use of DEXs (like Uniswap, 1inch and SushiSwap) as well as DeFi-specific tokens in order to help maximize the earning potential of their clients.

    For 57% of hedge fund managers the principal reason for adding digital assets to their portfolio was “general diversification.” 29% cited “exposure to a new value-creation ecosystem” as the chief reason for getting involved and 14% suggested that it made for a good hedge against inflation. The large amount of liquidity in the market paired with negative real interest rates means that for many investors, it pays not to hang onto cash in an environment where there is no interest rate but potentially significant inflation rates.

    Another source of appeal for institutional investors to utilize things like yield farming, staking is that unlike before, there are now many holistic, end-to-end institutional trading solutions that can help facilitate such activities in a seamless yet regulated manner.

    Further, even though there might have been a degree of hesitancy from traditional players in the past — primarily due to a lack of clear-cut regulations — this problem has been largely mitigated in the past year. There now exists ample institutional custody platforms implementing stringent KYC/AML practices (as well as utilizing other confidence-inspiring measures such as third party audits).

    As such, It stands to reason that as we move into an increasingly decentralized and digital future, investors all over the globe will start to put increasing pressure on their fund managers to gain exposure to the best-performing asset class of the last 12 months.

    Previously, some people argued that Ethereum, the ecosystem that currently houses a large number of all DeFi platforms in existence today, may actually prevent the growth of this burgeoning sector due to various high transaction fees and low network throughput related issues. Institutional investors have historically also had a lot of concerns about the environmental impact of crypto. However, this criticism does not hold entirely true since there are now many more efficient and green alternative cryptos that users can avail of.

    Yieldy, for example, enables institutional investors to participate in various DeFi activities using the Algorand network for a secure, speedy, scalable, low cost and sustainable base of operations — essentially enabling them to mitigate the aforementioned problems almost entirely. Moreover, with interoperability becoming a focal point of DeFi useability, institutional investors no longer have to concern themselves with cherry-picking ecosystems and instead concentrate on generating the greatest yield.
    ===========

    Venture Capitalist Michael Arrington is doing an interview with Silvio Micali later today explaining why they decided to invest so much capital into the Algorand ecosystem.

    https://mobile.twitter.com/arrington...69725323366408

    https://mobile.twitter.com/arrington...81995123400713

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  25. Link to Post #473
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Quote Posted by Mypos (here)
    Sharing here what i read today on twitter:

    1. High level goverment employees are saying there can be only one in the end, fiat or crypto.
    2. EU is going to (try) to ban anonymous crypto wallets.
    3. Mastercard is going to up its crypto possibilities.
    Trying to stop crypto is like trying to stop the invention of the wheel. It is unstoppable. Yes, countries will try to prevent it from being used and there will be monstrous regulations imposed on the crypto industry but in the end, it is too big and too important to stop. Blockchain and Hashgraph technologies are here to stay. Also, it will change the geopolitical landscape, fiat currencies will either have no place in society or a very small place. Keep in mind that the world currently sees crypto as very volatile investments and this is how the regulations will arrive. Governments will act like they are trying to protect the public from losing money but in fact, they will be attempting to protect the monopoly they have with their own fiat currency. The investment aspect of crypto is fun (for me) but that is not what crypto is all about it is a distributed ledger technology for transactions across an entire network of computers which is "almost" impossible to hack or cheat.

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  27. Link to Post #474
    UK Avalon Member Jayke's Avatar
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    This is an interesting take, Bitcoin plotted against the M2 money supply chart showing a retest of the 2017 high.

    https://mobile.twitter.com/BecauseYr...92871873327105

    ~~~~~~~~~~~

    This interview between Keli Callaghan and Seb Quinn from Yieldly finance has got me speculating. They discuss what it’s like to build on Algorand, Seb mentions one of his developers has a PHD in robotics and that Algorands code language, TEAL, is strikingly similar to the code used in robotics. On the same day Algorands Sean Lee is dressing up the AI robot Sophia, and Fortior Blockchain joining the Algorand community. Makes me think Algorand is going to much more than just a cryptocurrency.



    https://mobile.twitter.com/FortiorB/...48314343100422


    https://mobile.twitter.com/AlgoSeanL...96212105183235

    https://mobile.twitter.com/mashable/...06605238538241
    Last edited by Jayke; 22nd July 2021 at 21:26.

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Here is some very good decoding on bitcoin and the connection to a few things. Pretty cool

    https://youtu.be/7y9d7WwexdU

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Permission To Buy & Sell Needed ???*MS Patent For Crypto System Using Body Activity Data*
    2,349 views Jul 26, 2021
    320
    EEARTS
    Also posted here: https://projectavalon.net/forum4/sho...=1#post1442684

    Each breath a gift...
    _____________

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    I do not have opinion on this one for now, they tried before and didn't work out, but now they have digital yuan, what do you think guys?


    刘鹤主持召开国务院金融稳定发展委员会第五十一次会议
    Liu He chaired the 51st meeting of the Financial Stability Development Committee of the State Council
    2021-05-21 22:00 来源: 中国政府网
    2021-05-21 22:00 Source: China.gov

    English Translation from the document

    On May 21, the Financial Stability Development Committee of the State Council (hereinafter referred to as the Financial Committee) held its fifty-first meeting to study and deploy the next phase of key work in the financial field. The meeting was chaired by Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Director of the Financial Committee, and the comrades in charge of the members of the Financial Committee attended the meeting.

    The meeting pointed out that the financial system firmly implement the Party Central Committee and the State Council's decision and deployment, increase support for the real economy, prudent monetary policy flexible and moderate, credit policy accurately adapt to the needs of market players, maintain a reasonable abundance of liquidity, improve the level of financial services, financial support for the prevention and control of the epidemic and economic and social development to achieve obvious results.

    The meeting requested that the financial system should adhere to the overall awareness, adhere to the word stability, scientific and accurate implementation of macro-control, grasp the degree, not to engage in sharp turns. To make comprehensive use of a variety of monetary policy tools to maintain a reasonable abundance of liquidity, effective prevention and resolution of financial risks, and promote a virtuous economic and financial cycle. First, to further serve the real economy. Stable monetary policy should be flexible and precise, reasonable and moderate, continue to implement policy tools directly to the real economy, enhance the vitality of micro-entities, stabilize enterprises to ensure employment, and strongly support the development of inclusive small and micro, rural revitalization, manufacturing, scientific and technological innovation and green transformation. Second, resolutely prevent and control financial risks. Adhere to the bottom-line thinking, strengthen the financial risk all-round scanning and early warning, promote the reform of small and medium-sized financial institutions to reduce risks, focus on reducing credit risk, strengthen the supervision of financial activities of platform enterprises, crack down on bitcoin mining and trading practices, and resolutely prevent the transmission of individual risks to the social sector. To maintain the smooth operation of the stock, debt and foreign exchange markets, crack down on securities violations, and severely punish financial illegal and criminal activities. To closely guard against external risk shocks, effectively deal with imported inflation, strengthen expectations management, strengthen market supervision, and make good response plans and policy reserves. Third, continue to deepen reform and opening up. Further promote market-oriented reform of interest rates and exchange rates, and maintain the basic stability of the RMB exchange rate at a reasonable balance level. Accelerate the reform of the capital market and promote the high-quality development of the bond market. Deepen the reform of financial institutions, return to their origins, adhere to their positioning, and follow the green concept to carry out investment and financing practices. Continue to expand a high level of financial openness.

    Translated with www.DeepL.com/Translator (free version)


    orginal ref.: http://www.gov.cn/guowuyuan/2021-05/...nt_5610192.htm
    --
    A chaos to the sense, a Kosmos to the reason.

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Jayke, I am wondering if you think Cardano is worth investing in, you have mentioned it in passing as a good investment. It is ready to go live with smart contracts this month or next. The price is currently around $1.40+ and I just don't want to be looking at a $5-10 price and wish I should have taken the plunge. By all accounts, Charles Hoskinson has taken 5 years with peer review to get this crypto where it is today (extremely green) and from where I sit it appears to be ready to do great things.

    Certainly not holding you to anything just would like to get your thoughts.
    R
    Last edited by rgray222; 7th August 2021 at 17:27.

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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    ADA Cardano is one of my small investments, over last 9 months up 15% or so at moment. I got my awareness from various online sources - here is one person's summary info I saved from back in Feb:

    Quote My 20 reasons going in on Cardano in the near term:

    1 – Cardano’s founder co-founded Ethereum and has an amazing team involved.

    2 - Ada will be on PayPal, millions of users.

    3 - Lots of coin holders in Japan, one of the most advanced countries for crypto ownership.

    4 - Africa deals, millions of people, banking the unbanked.

    5 - Ada will be on Coinbase, our aunts and uncles can buy.

    6 - Stake pools for earnings of 5.5% with your wallet held coins (Atomic Wallet).

    7 - Ethereum bridge, Cardano has low fees and is much more scalable, lots of projects from Ethereum will step over to Cardano, Ada will cannibalize nice chunk of Ethereum's market cap.

    8 – Release of Goguen smart contracts, lots of dapps going to be built on Cardano.

    9 - Ouroboros Omega (self-healing against 51% attack ! wow).

    10 - Grayscale institutional investors $$$$$$$$.

    11 - Cardano is a multi-asset chain.

    12 - Cardano is the NR1 decentralized network in all crypto space.

    13 - Celsius might be already working on jumping over to Cardano.

    14 – With three tech (events) releases this year (one in 50 days) con’t value growth.

    15 - Everything on Cardano is based on peer reviewed academic papers.

    16 - Hydra: Cardano scalability solution.

    17 – Third generation blockchain (faster) and crypto technology (very latest).

    18 - Catalyst voting, The Voltaire Governance (probably the first non corrupt true voting system in human history).

    19 – Sizeable Treasury based on current Ada price for ideas to build on Cardano.

    20 - Cardano will be the Google of blockchain space in the near future.

    I don't believe anything, but I have many suspicions. - Robert Anton Wilson

    The present as you think of it, and in practical working terms, is that point at which you select your physical experience from all those events that could be materialized. - Seth (The Nature of Personal Reality - Session 656, Page 293)

    (avatar image: Brocken spectre, a wonderful phenomenon of nature I have experienced and a symbol for my aspirations.)

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    UK Avalon Member Jayke's Avatar
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    Default Re: Cryptocurrency: which alt-coins are the globalist corporations backing and why?

    Quote Posted by rgray222 (here)
    Jayke, I am wondering if you think Cardano is worth investing in, you have mentioned it in passing as a good investment. It is ready to go live with smart contracts this month or next. The price is currently around $1.40+ and I just don't want to be looking at a $5-10 price and wish I should have taken the plunge. By all accounts, Charles Hoskinson has taken 5 years with peer review to get this crypto where it is today (extremely green) and from where I sit it appears to be ready to do great things.

    Certainly not holding you to anything just would like to get your thoughts.
    R
    Personally, I’ve long thought Cardano’s market cap was overpriced for a blockchain that isn’t fully operational yet. But they are supposed to be getting smart contracts on mainnet soon so will be interesting to see if it all takes off. They do have a strong user base, they had $2.4 billion in trading volume in the past 24 hours alone so there’s definitely a lot of interest, lots of demand to keep the price up.

    Will be curious to see how Cardano handles the regulations that have been proposed, there’s discussion on a Hbar community thread that looks at the potential threats.
    Quote Charles Hoskinson just finished streaming two long videos and it looked like he was about to cry. He was so angry. He's always angry. Hard to know if it was about regulation this time LOL Regulations for crypto-currencies (and DeFi, DEX, public-DLTs, etc.) are still a moving target, so no-one *really* knows what is or will be required for compliance.

    That-said, I'm sure a lot of people will disagree, but securities regulations are primarily about protecting investors from being ripped-off, preventing/discouraging fraud, or destabilising markets. It's not as simple as evil policymakers and elites trying to get more super-yachts by screwing normal folk, like some crypto maximalists like to think. So people with genuine experience (not just ideological b%$lsh%t) in securities regulation and finance should be able to make some good assumptions about what could be happening...practices that are objectively unfair or create opportunities for fraud are likely to be targeted. Hedera have access to a lot of people with that kind of experience (directly on staff and via council members.).

    For example, a founder of a project promoting their crypto-currency while not disclosing their personal holdings and not volunteering a public sales schedule ("schedule" meaning terms of sales, restrictions, expected volumes and timelines, etc.) could be seen as an attempted pump-and-dump, insider trading or other attempt at manipulation.

    Announcing partnerships which aren't real partnerships, announcing deals which haven't actually be signed, announcing functionality or capability which hasn't actually be implemented, etc.

    Right now, a lot of scrutiny is avoided purely by loopholes or lack of clarity in the rules. Like, "this XYZ behaviour is not breaking any rules, because there are no rules.". But just because there isn't a rule against something, doesn't mean it's fair.

    Hedera have been very careful to avoid behaving in ways that could be perceived negatively by regulators, and have been careful to conform to existing regulations as it applies to other securities, just in-case those existing regulations are deemed to apply to crypto-currencies in the future. Even to the point where they do things that the current crypto community see negatively. For example, most people see the HBAR distribution schedule or the founders regular selling of their HBAR as bad things, where-as they are actually an important part of the (potential) regulator compliance (balanced with all the other objectives for the network.).

    Achieving (future) compliance while still achieving your project goals is very difficult; raising adequate funding without "shilling", attracting interesting in your network as an infrastructure rather-than a get-rich-quick opportunity, etc. On top of that you need to maintain discipline within your organisation. One false or exaggerated or premature claim could pump a coin enough for an insider to make a life-changing profit.
    Overall though, regardless of regulations, Q4 of this year is looking primed for some big happenings in the crypto space, lots of projects coming to maturity and going live. No reason why Cardano can’t hit $5 at the peak of the hype. A $5 Cardano would be a total market cap of $225 billion though—so from its current fully diluted market cap of $64billion—there’d have to be some major investors coming into the space to reach those prices.

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