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Bitcoin - The Internet of Money
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It’s 2028 and 1 Bitcoin is worth 1 million US dollars. If a luxury home was worth 1 million US dollars back in 2019, what would you estimate that this same luxury home is worth in USD and in BTC now? Does hyperbitcoinization require hyperinflation of government currencies and real estate?
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago.
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago. Yet people say fiat like the us dollar is somehow more secure. They talk aboit bitcoin not being "pegged" to anything.. No paper currency is pegged to anything and since all governments are printing paper currency endlessly it is guaranteed to slip in value more than something like bitcoin which is firmly limited in number to apprx 21 million. Fiat Currency is demonstrably LESS "pegged" as the numbers above show. So many concepts that people throw around as criticisms of bitcoin they universally accept with their fiat without even a thought.
In September, this decentralized exchange (DEX) overtook Coinbase in trading volume:
A) Uniswap B) Aave C) Compound D) Both A and B Scroll down for the answer.
Ranking and September Winners and Losers
2020 Top 10 Rank Lots of movement this month: six out of the Top Ten changed positions in September. BCH climbed one from #6 to #5 and BNB made a big move from #10 to #6. Going the opposite direction were BSV, EOS, and Tezos, dropping one, two, and four places respectively. The big story though, at least for anyone who’s been watching crypto for a while, was the ejection of Litecoin from the Top Ten. In just 30 days, LTC fell five places from #7 to #12. For some context, Litecoin’s absence from the Top Ten is a Top Ten Experiment first. It is also the first time since CoinMarketCap has tracked crypto rankings that Litecoin has not has not held a spot in the Top Ten. Drop outs: after nine months of the experiment, 30% of the cryptos that started 2020 in the Top Ten have dropped out. LTC, EOS, and Tezos have been replaced by ADA,LINK, and most recently, DOT. September Winners – Winner, singular: BNB was the only crypto to finish in the green, finished up +25% for the month, and gained four places in the rankings. A very good month for Binance Coin. September Losers – Tezos was the worst performing crypto of the 2020 Top Ten portfolio, losing nearly a third of its value, down -31% for the month. LTC also had a bad month, losing -24% and dropping out of the Top Ten. Since COVID-19 has hammered the sporting world, let’s be overly competitive and pit these cryptos against each other, shall we? Here’s a table showing which cryptos have the most monthly wins and losses nine months into the 2020 Top Ten Crypto Index Fund Experiment: Wins/Losses ETH is in the lead three monthly Ws, followed by Tether and Tezos with two wins each. Even though it is up +79% since January 1st, 2020, BSV has the most monthly losses: it has been the worst performing crypto of the group four out of the first nine months in 2020.
Overall update – ETH maintains strong lead, followed by BNB. 100% of Top Ten are in positive territory.
Ethereum remains firmly in the lead, up +187% on the year. Thanks to a strong month for BNB and a weak month for Tezos,Binance Coin has overtaken XTZ for second place, and is now up +109% in 2020. Discounting Tether (no offense Big-T), EOS (+4%) is the worst performing cryptocurrency of the 2020 Top Ten Portfolio. 100% of the cryptos in this group are in positive territory.
Total Market Cap for the cryptocurrency sector:
The overall crypto market lost about $35B in September, ending the month up +85% since the beginning of this year’s experiment in January 2020. Despite a rough month, this is the second highest month-end level since the 2020 Top Ten Experiment started nine months ago.
Monthly BitDom - 2020 BitDom ticked up slightly this month, but is still lower than it has been for most of the year. As always, a low BitDom reflects a greater appetite for altcoins. For context, the BitDom range since the beginning of the experiment in January 2020 has been roughly between 57% and 68%.
Overall return on investment since January 1st, 2020:
After an initial $1000 investment on January 1st, the 2020 Top Ten Portfolio is now worth $1,536, up +56%. This is the best performing of the three Top Ten Crypto Index Fund Portfolios, but not by much: the 2019 Top Ten came in at +54% in September. Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along: Monthly ROI - 2020 Top Ten Even during the zombie apocalypse blip in March, the 2020 Top Ten has managed to end every month so far in the green (for a mirror image, check out the all red table you’ll find in the 2018 experiment). The range of monthly ROI for the 2020 Top Ten has been between a low of +7% in March and high of +83% in August. So, how does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line for the three portfolios: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $3,340 ($238+ $1,538 +$1,564). That’s up about +11% for the three combined portfolios, compared to +31% last month. Lost in the numbers? Here’s a table to help visualize the progress of the combined portfolios: Combined ROI - UP +11% That’s a +11% gain by buying $1k of the cryptos that happened to be in the Top Ten on January 1st, 2018, 2019, and 2020. But what if I’d gone all in on only one Top Ten crypto for the past three years? While many have come and gone over the life of the experiment, five cryptos have started in Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC (Big L, no pressure, but if you don’t claw yourself back in the Top Ten by January 2021, you’re out of the club). Let’s take a look: Three Year Club At this point in the Experiments, Ethereum (+104%) would have easily returned the most, followed by BTC (+77%). On the other hand, following this approach with XRP, I would have been down nearly a third at -31%. So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.
Comparison to S&P 500
I’m also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets. The S&P slipped a bit from an all time high in August and is now up just +5% in 2020. Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +56%. The initial $1k investment in crypto is now worth about $1,563. That same $1k I put into crypto in January 2020 would be worth $1050 had it been redirected to the S&P 500 instead. That’s a $513 difference on a $1k investment, one of the largest gaps in favor of crypto all year. But that’s just 2020. What about in the longer term? What if I invested in the S&P 500 the same way I did during the first three years of the Top Ten Crypto Index Fund Experiments? What I like to call the world’s slowest dollar cost averaging method? Here are the figures:
$1000 investment in S&P 500 on January 1st, 2018 = $1260 today
$1000 investment in S&P 500 on January 1st, 2019 = $1350 today
$1000 investment in S&P 500 on January 1st, 2020 = $1050 today
So, taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,660. That $3,660 is up +22%since January 2018, compared to a +11% gain of the combined Top Ten Crypto Experiment Portfolios over the same period of time. That’s an 11% swing in favor of the S&P 500 and breaks a two month mini-streak of wins from the Top Ten crypto portfolios. For those keeping track or unable to see the table above: that’s seven monthly victories for the S&P vs. two monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P back in June.
September saw losses for both traditional and crypto markets, but crypto got hit harder. What can we expect for the rest of 2020? The Neverending Year is entering the final quarter and is not finished with us yet: a lot can and will happen in the remaining months. More volatility is no doubt to come as we enter the final stretch of a truly unpredictable and exhausting year. Buckle up. Stay healthy and take care of yourselves out there. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.
Small reviews of (I think) all incremental games I've ever played on Android
I don't know if this will be useful to anyone. So I write a line or two about every game I play, and decided to find all the incremental in my game journal and post them here. It starts with the latest games I've played and I think goes back to several years back. One thing I've realized is I have such a love-hate-hate relationship with this genre since I think I've hated 90% of the games and 100% of myself after each incremental phase. I usually angrily stop playing them for a while and restart them again, so this is more or less a journal of addiction, I suppose. THE BEST GAMES I'VE PLAYED ARE THESE (no order):
Honorable Mention: Eggs, Inc The rest: more or less hated it Additional comment if you decide to scan through it, I complain a lot, so it is perfectly reasonable and normal to think, "why the fuck are you even playing these games, idiot??". ------ Time Idle RPG This game was confusing. It tells me the game's resources is time, where you get 1 of it every second, but that's not really something as unique as I assumed. It would have been cool if time as resources meant you used it to deal with something related to time. Maybe time travel? Maybe slowing and speeding time? Instead time as resource buys you stuff like a library. And then you buy a camp or something. Honestly, I wasn't really feeling it. 2 Path of Idling The biggest cardinal sin for me when it comes to incremental is when a game has a lot of features and it just completely throws them all at you instantly. The joy of a great incremental is how things slowly open up and each new achievement feels progress. The game is a RPG game and these are the things that opened up for me in the first few hours. Combat which includes normal fighting, dungeon, raid, boss, PVP (locked, but it just needs an ascend, which I haven't done) Skills Hero upgrades which include Passive (strength, defence, stamina, intelligence), Train, and a huge Tree Town which you can buy workers who get you various things like gold, orbs, knowledge, etc. You can upgrade stuff here. Quest that also includes Perks and Skill quests. Gear which 5 equipment slots, plus craft plus trade plus smelt Also gear for your Pet, which is also another tab! Now, here is the thing. Because I have all of this pretty much instantly, I don't really know which ones are helping me go past a well. How is adding 10 points in strength helping me? Should I have added five in strength instead and five in defence? I have already bought 20 or so upgrades in the Tree, but I have no idea if I am made the optimal choice. There is no real excitement with getting new gear. And so on. The dev has added a lot of features, now it's time to rework the game, and have the features take their time. 2 Idle Slayer The game is like a super simple platformer. Your character is running and any enemy it hits, it automatically slays it. There is no HP, and all enemies die in one shot. Your only active play is jumping occasionally to grab coins or hit the flying enemies. Also, you have a run skill that has a cool down. With the coins, we get new weapons that give us more coins. Enemies give us souls which is used for the prestige system that provides us with an interesting skill tree which provides a lot of choices on the path you want to do in terms of upgrades. So far excellent, however, the game has an extremely serious issue of pacing. The game initially progresses so fast that in the first hour or so, you get almost all the weapons aside from the last two, which then grinds down to a snail pace. You can upgrade your past weapons, but they never really get into play again. Reaching high levels of past weapons sometimes gave me upgrades of that weapon of 10,000% but they still did nothing to my overall coin per second. I think the pacing needs to be fully reworked. It would have been nice to get new weapons after certain prestige cycles, so that every new weapon feels like we have passed a significant wall. The best part of an incremental game for me is to face a wall, and when I finally break it, I feel powerful again for a while. This game feels like this though, powerful powerful powerful powerful WALL........break it....WALL. And so on. I'm still playing it as I want to get some of the skills, but I feel like it could have been so much better. 4 Exponential Idle A very back to the foundation kind of incremental. The premise is that you are a student and working on a formula. There is a neat story where as you progress in the game, your character progresses through university. Each upgrade gives you more and more automation until I reached a stage where I would check back once every 2 or 3 days, click a 2nd layer prestige reset, and close it. Meaning the game was something like 5 seconds of game player every 2 days. I just opened it for this review and realized I had reached the end game. The story wraps up and it tells me "You can take a rest. Travel a bit. Go outside!" NO, DON'T TELL ME WHAT TO DO GAME. 3 Factoid Factoid & Spark should have the same review as they are almost the same game with only small differences. The games are the most basic kind of incremental, where you buy something with resources, until you get the next thing which gives you more of the resources. Both give you upgrades to speed things up, and finally prestige and it's own prestige upgrades. That's it. It's nice little change of pace from all the recent incremental that sometimes do too much, but obviously due to the very simple nature of it, it does eventually feel pointless, specially after you more or less open up everything and the prestige upgrades just keep repeating. 3 Spark Factoid & Spark should have the same review as they are almost the same game with only small differences. The games are the most basic kind of incremental, where you buy something with resources, until you get the next thing which gives you more of the resources. Both give you upgrades to speed things up, and finally prestige and it's own prestige upgrades. That's it. It's nice little change of pace from all the recent incremental that sometimes do too much, but obviously due to the very simple nature of it, it does eventually feel pointless, specially after you more or less open up everything and the prestige upgrades just keep repeating. 3 Antimatter Dimensions Easily top 5 incremental on mobile. Does everything perfectly. You progress nicely, and when new features open it, not only is it rewarding but more importantly, it keeps adding new dimensions (lol) to the game. I'd at the end game as I write this, and I realize that there was no point in the game where it felt stale. Each new prestige layer made the game feel fresh and almost like a new incremental game. 5 Melvor Idle It seems this game was mainly aimed at Runescape players, which is probably why it didn't click for me. It also run extremely slow on my phone which also played a part in me not really getting into. 2 A Girl Adrift The animation is really pretty and is a nice change of pace for incrementals, but I didn't really like the too much active play. Really had to keep going back and forth to different areas to do the fishing which got too repetitive for me. You travel to different areas of the map to catch fish, which you get points and then you upgrade stuff, but I didn't really find any real excitement about the upgrades because I kept having to go back to previous areas to fish similar creatures. 3 Archer: Danger Phone I'm really annoyed how terrible of a game this was. Two things I like, the TV show "Archer" and incremental games, and it's done in the most lazy manner. The game is the worst aspect of idle games where it's just a straight path of clicking the next upgrade with absolutely zero decision making. Every once in a while there is a mini game where Archer gets to shoot others but it's done in the most basic form of early 2000s flash games, where the animation budget is probably 3 dollars. Same static background and both enemies and Archer have just two animation frames. The absolute laziness of it is almost insulting to the player, because it feels like we aren't even worth the effort. There is an Archer story in the game which develops really fast, which is the only positive part, but no voice acting is again another evidence that the creators of the game weren't given any budget for this. 1 Home Quest This game is way too slow. You have to collect materials to build your settlement but everything takes time, so you click for a few seconds, and then you have to leave the game. Which I'm fine with, but the problem isn't the idle part of it, it's how the idle part of it combines with constant checking of the game which annoys me. I like an idle game where you forget to start the game for a day, you come up to a lot of resources, but this is a game which needs you to check back in every 30 minutes or an hour to really get anywhere. I felt that the micromanagement was getting worse as I progressed (without any actual thing to do when I am active in the game) that made me give up. 2 Idle Industry This is probably an interesting game, but I gave up because the one thing I really disliked was the amount of resources and manufacturing that very quickly opens to you. You can buy raw materials, and you can either sell these raw materials or turn them into finished goods and sell them either. And each of these has several upgrade options (increase selling price, increase production, etc). Without even really getting too deep into the game, I have around 20 raw materials and around 30 finished products. A satisfying part of this genre is to have things slow open up for you, which gives me a decent feeling of satisfaction. But the money I got would quickly open up new products, so I would just jump ahead and purchase more expensive ones, and after a while I had a lot of materials and products at zero, and was instead focusing on latter ones. 2 Masters of Madness Somewhat neat atmosphere and visuals, but too much active clicking. Click, upgrade to get more per clicks, get minions to get you some points without clicking, typical clicker, but with the added benefit of almost no idling. I like idling incrementals but clickers is a hard no from me. 1 Soda Dungeon 2 Basically similar to the first one, as far as I could tell. I did "finish" it but maybe I shouldn't have, since it really is the same thing from early on, specially once you get all the heroes and you kind of sort out which characters work best, then it's just the same. But because it was somewhat short and no real wall, it was at least easy to stick to it to the end. 2 Bacterial Takeover Played for a decent amount and was actually more interesting that I thought, given the buttload of ad incentives. You create and upgrade bacteria, attack planets, and eventually go into a blackhole to prestige. Most of the game was good, but the part that killed it for me was the prestige system. Once you prestige, planets get super easy to attack, which becomes a lot of active play. I realized that each prestige was taking me at least 30 minutes to get to where I was, and it was just meaningless clicking. It got to a point where I was putting off prestige because it seemed like it would be a hassle so I stopped. 2 LogRogue Cute graphics. The hero sort of hopping to hit the tiny monsters is cute to look at, but how long can you look at it and do nothing before you realize that it's boring? I suppose this is a game where it's just not for me. I don't like to have my phone open on a game and just watch it like a crazy person and do nothing. My rule is simple for incrementals. While the app is open, be active, if there isn't any choices to make, close the app while resources build up or whatever. I don't like it being open while I do nothing. 3 A Kittens Game Incremental games are so strange. I get in and out of the phases. I loved this for so long and so obsessively that I wanted to only play incremental games. And then, just like that, I was wondering why the fuck I was wasting my time with this. Has happened countless times before. But still probably the best incremental ever. 5 A Dark Room An incremental cult classic of sorts but I don't find it really matches the genre. There is a bit of incremental at the beginning with people huts and stuff but then its just a ascii exploring game, which wasn't interesting to me. 2 Little Healer Saw it mentioned in the Reddit incremental forum in one of the posts and thought it was a healer themed incremental which sounded neat. But it's like being a healer in a raid in World of Warcraft without any if the extras. Just a couple of bars representing your team mates and you healing them while they fight the boss. I didn't even like playing the healer in WoW so no way would I play this game. 1 Clickie Zoo Started playing for a few days until I realized there a beta released with the dev reworking the game completely from scratch and releasing it as "Idle Zoo Tycoon". So, played that instead but this seemed like a game I would enjoy anyway. 4 Idling to Rule the Gods The UI and one drawing if your character is really ugly enough to be distracting to me. The game, seemed interesting and I eventually was into it, but seems like a game that has been constantly being updated, which is not always a good thing, because features are obviously updated regularly to it, making the whole thing a bit bloaty. I guess, this is the problem with this game for me, it's too fat. Also, one main part of the game is that your character creates Shadow Clones up to a maximum limit. Which is fine except the clones can't be made in offline mode. This might not be a big deal in its original web browser game but that doesn't work as well in a mobile format. 2 Realm Grinder This is one of the really popular incremental and it's fanbase seems to love it for it's depth, but to be honest, I don't play these games for the depth, I play it for the simple dopamine rush of doing the same thing over and over again. It relaxes. Although, I didn't even get to the depth part because I dislike games where it rushes in the beginning. I constantly bought buildings, got spells, and got upgrades without even looking at the description. Apparently, later on, we can get complicated race upgades, which seems not what I'm looking for in such a genre. 2 Spaceplan A short (!!) incremental with an actual story (!!!). That's two cool points for it but unfortunately, the game mechanics of increment genre isn't so good. It's a space game with nice visuals and a great ending (cool music set to cool graphics) but the game itself wasn't really that fun. This same exact game would have been better in a different genre (maybe something like "Out There"?) 3 Zombidle Felt like idle games again and this is the kind of examples that kept me away. Too much clicking and seems like advancement will start to get irritating since it relies on IAPs 2 Eggs, Inc While I was playing it, Eggs, Inc was probably my favorite Android game I had ever played. But like most incremental games, there comes a moment when I suddenly stop and think, what am I doing? Because there is something fascinating about Incrementals. Their addictiveness is in a way the whole point. An incremental is less of a game and more an act of electronic addictiveness. What's the point? Eggs, Inc is a very well made and fun incremental but even the best in its genre is still pointless. 4 Castle Clicker Supposedly a mix of incremental and city building but didn't really find out since the clickings were way to much. I know this is supposed to be the genre but I like the incremental part more than the tapping part. This seemed to be a good way to hurt your fingers. 2 Endless Era This RPG clicker game is like other such games but with horrible GUI and animations. Tap tap tap. It's my fault for downloading such games. Why would I ever think this would be fun??? 1 Idle Quote An incremental game with a unique twist. This time we get to make up quotes! The first negative about the game and this irritates me a lot is most of the quotes are fake. A quick search on Google and this proves it. Quotes are generally attributed to Buddha or Ghandi or shit like that and it's usually fake like most quotes on the internet. This kills the major possible advantage of the game because I thought coming up with arbitrary words would at least give me some quotes to learn. Aside from the this, the game isn't fun either because it slows down very quickly meaning you combine words very slowly at a certain stage of the game and then it becomes a boring grind. 2 Monster Miser An incremental game with almost no graphics. We just see character portraits of monsters which we buy and then upgrade until we buy the next monster. Eventually we prestige which gives us multipliers. The only game choice is choosing between two monsters with each new monster with unique benefits. Annoyingly there is a max limit which I wish didn't exist because I wanted to prestige so much that I would be over powerful in upgrading like that "Idle Oil Tycoon". Still, pointless but reasonably fun. 3 Pocket Politics An incremental take on politics sounds fun but it's so generic that it could have been about anything. A Capitalist idle game or a cooking idle game, it wouldn't matter. IAP was also the usual shitty kind. 1 Time Clickers A shooter incremental sounds like a cool twist but it's not a FPS like I imagined it would be. I'm just stuck in a room and I was shooting blocks. Upgrades didn't give me any enjoyment since I was shooting fucking blocks. 1 Tap Tap Fish - Abyssrium I thought this was going to be relaxing incremental but the ridiculous and generic IAPs and all the social integeration spoil it. Too much time is spent in them asking you to buy or share or tweet or post or give them a blowjob. And there is nothing relaxing about that. 2 Cartoon 999 Incremental game about comic book writers, but not the marvel DC kind, it seemed to be the webcomic one and I think it's a Korean developer so all the characters and injokes made no sense to me. The whole thing was just targeted to a very specific audience. 2 Dungeon Manager Incremental games need to be simple but this is beyond simple, it's just upgrade a fighter to level 5, go to next dungeon character, do the same, and just continue without any of the delicious balancing of upgrades like other idle games. 2 Final Fortress Incremental games are already pointless but when it's super heavy on IAP than its also annoying, but when it always has bugs that doesn't register my offline earnings, then it just needs a uninstall in its face. The zombie skin was also crappy. 1 Mana Maker Here is how I know this clicker isn't very good. It doesn't make me hate all clickers and my life and mobile gaming in general for being so addictive and pointless. So fail, sorry. 2 Infinity Dungeon The usual incremental RPG that I should probably never play again. Starts simple enough and then gets more or a chore as you play. 1 Another incremental game which I had promised myself not to play anymore because they are so pointless and repetitive and endless. Well, this wasn't infinite and had a goal at 999 level so I thought it was good but while the humor was cute, the game did become very repetitive. Every 10 levels the slimes changed but after every 100 levels the whole thing restarted and while the monsters got stronger, I seemed to get even stronger. So the game became easier as I progressed and there was no more challenge. By level 800, I gave up. 2 Tap Dungeon RPG Okay, I'm running out of ways to complain about those incremental RPG games that all have similar problems. It starts off reasonably fast and fun but soon it seems like I am in a data entry job. Doing the same thing over and over again with little changes. 1 Dungeon 999 F: Secret of Slime Dungeon Another incremental game which I had promised myself not to play anymore because they are so pointless and repetitive and endless. Well, this wasn't infinite and had a goal at 999 level so I thought it was good but while the humor was cute, the game did become very repetitive. Every 10 levels the slimes changed but after every 100 levels the whole thing restarted and while the monsters got stronger, I seemed to get even stronger. So the game became easier as I progressed and there was no more challenge. By level 800, I gave up. 2 Tap Dungeon RPG Okay, I'm running out of ways to complain about those incremental RPG games that all have similar problems. It starts off reasonably fast and fun but soon it seems like I am in a data entry job. Doing the same thing over and over again with little changes. 1 Tower of Hero You start on the first floor of the tower and keep fighting your way up by summoning your heroes (by clicking) and recruiting other fighters, get upgrades, level up, and then, ugh, here is the typical incremental RPG part, restart, get items, and do it ALL over again. There is something fun about restarting and getting slowly stronger each time but it also feels so pointless after a while. Such a pointless genre now that I have played a billion of such titles, heh. 3 Pageboy Yet another incremental RPG which I have no idea why I downloaded because I'm sick of the genre. I played a pageboy to a knight who does the fighting while I collect the lot. I collect the loot, buy stuff for the knight, and eventually I restart to do the same thing again and get better items but this game I didn't even RESTART! Because fuck it! Fuck it! 2 Idle Warriors The story is cute. Human population is regressing while monster population is on the rise. So the humans start enslaving monsters to mine for them! The brave warriors beat the crap out of monsters, kidnap the bosses, and enslave them. The animation of monsters slaving away while speech balloons above them talk about their wife and children is funny. But the game itself is another RPG incremental which I should start staying away from. These games are like a chore for me nowadays because I'm doing the same crap again and again. The blame is probably on me because it seems like a reasonably solid game. But hey, fuck it, I PERSONALLY didn't enjoy it. 2 Tap! Tap! Faraway! Any game that is remotely like Tap Titan scares me. They are addictive at first and very fast moving but after every restart gets more and more annoying. It soon turns into a time eating activity with the player having to redo the initial levels to get relics to get better items to progress further to restart to get relics to and so on until the player realizes how much time he is putting in the game for a repetitive activity. 2 Auto RPG Now that is a title the game developers didn't spend too much time on. RPG battles are automatic but I can help out by clicking like a mad man. I started with one hero but would get additional members in my party as the story progressed. Party members receive skills as as they level up and while all the skill usage is automatic, it did give me a sense of progression which is extremely important in a RPG and which I think is usually lacking in incremental games. It usually starts feeling useless but in this game at least there are new maps, new members, and an actual end sight! There is an infinity stage once the last boss is defeated but I am glad the infinity stage happens AFTER the end and it's not the game itself. 4 Merchant Hire a hero and send on to battle. The battles is done automatically and takes time, starts with something short like 10 seconds with each battle taking longer. The loot is raw materials which can be used to craft equipment which also takes real life time with better items taking longer. The crafted items can either be sold or equipped to the hero to make him be able to fight stronger monsters. I was worried I would hate the longer crafting and fighting times because I hate games which I have to watch for a task to finish but even though the durations for longer, I had more to do. However, I don't know what would have happened in the end game because I gave up on it. New maps were exactly like the first map just with different heroes but the progression was similar in each level which felt that I was doing the exact same thing all over again but with longer task times. 2 Idle Oil Tycoon This is the best idle game I played. It's graphics aren't just minor, they are none existent. It's just numbers, so basic that my sister thought I was on a stock market app. It's such a simple concept. Invest, get oil, upgrade then like other idlers restart to get a bonus and do the full thing all over again. When I finished the game, I played the unlimited mode which I played until the unlimited mode couldn't handle the numbers anymore. 5 Soda Dungeon This kind-of Idle Dungeon was great. I started with weak ass fighters who would fight on my behalf while I collected the loot. I then got to use the lot to upgrade the sofa bar to recruit more adventurers. Not sure why it was a sofa bar. Maybe they wanted to make it a family game and not have alcohol? Sounds weird but the sofa element in a RPG game sounds weirder. The game only hit a brick for me when, like most other incremental games, there is no real closure. Once I thought I bet the big bad guy, it just goes on, harder but similar enough with no end in sight. Eventually, we have to stop playing right, but it always feels a bit like a let down when I don't feel like I have finished the game. 4 10 Billion Wives Kept Man Life The two games from this company, 10 Billion Wives and Kept Man Life, have similar strengths and weaknesses. I liked the silly premises from both. In 10BM, I had to get married as much as I could, using the loves I collect to marry more expensive wives! In KML, I'm a boyfriend who doesn't work and I have to please my career gf so she would take care of me. Both start reasonably fast and I was willing to grind through difficult parts but the end game is like a brick wall. Passing through it to get all the achievements is pretty much impossible unless one puts in way too many hours. And it's a shame because I really wanted to get all the achievements to see all the tiny little extra stuff. 3 Adventure Capitalist One of the better incremental games, but now that I am out of the short lived incremental fan phase, I realized how dumb the genre is. Tap, tap, tap, upgrade, do this a million times, reset, and do it all over again like a moron. The game does deserve credits for me acting like a moron and playing it for so long but I also cheated and got free cash and then if occupying became even more pointless. 3 The Monolith A combination of an incremental and a civilization building game seemed like an excellent idea and in some ways, it was, specially how we get to upgrade through the ages from cavemen to futuristic. But no offline feature means that the resets aren't enticing. 2 USSR Simulator An incremental game that has a great theme (USSR!) but absolutely horrible to enjoy, even though I did stick to it. After a certain upgrades, the game just turned into me popping in the game, clicking an upgrade and then forgetting about the game for a few days. 2 RPG Clicker They should call these games tappers not clickers. We are not clicking anything on a touchscreen device. Anyway, tap tap tap level up buy weapons tap tap and uninstall. 1 Logging Quest Logging Quest 2 [Review is for the original and its sequel] There is not much of a difference between the game. I actually played them both at the same time because the actual game is offline. You choose your hero, send them to a dungeon, and then come back to the game after a while to see how well they did. I thought an offline RPG like this might be interesting but then, if you don't really play a game, how much fun can it be? 1 Another pointless incremental. I was in an incremental phase and got so many incremental games that I know realize were absolutely pointless. Hit a tree, buy upgrades, get a new hero, and continue hitting a tree. Not much offline it seems which is what I like about incrementals. 1 Galaxy Clicker A space incremental that should have been a lot of fun. You get to upgrade your spaceship and buy new ones and explorer new planets. But first of all, the interface is so ugly that it makes playing the game less enjoyable. And a lot of things I didn't really get no matter how much I would play like the full exploring planets. The spaceships were nice, so it could have been fun. 2 Megatramp A pretty pointless incremental kind of game. You are a tramp and then you can collect money to buy upgrades to make more money, with no strategy needed, nor any effort needs to be made to hurt your brain cells. 1 Inflation RPG It supposed to be some kind of incremental RPG, I think, which has you resetting and getting more powerful and then fighting monsters to get insane levels. It is very unique but I couldn't get into it. 2 Widget RPG Are you fucking with me? This is button bashing rpg in the most extreme manner. You get a widget, so you don't even have to open the game and distract yourself from the button bushing. Just click the button and the game plays behind the scenes and gets you experience, loot, and kills. It's a ridiculous idea that is fun for a few minutes to see what they come up with but there is only so much button bashing you can do. 2 Capitalist Tycoon I downloaded this game because I was in an incremental/idle game phase and really enjoyed AdVenture Capitalist. But this game is nothing like that. On the surface, it seems similar, buy small investments, make money, buy bigger investments, and so on. But with this game, there is no offline mode, and you keep having to wake up managers, AND the goal is to see how much you make in one year. Bah. I prefer the incremental approach which makes you build and build and build, not try to rush it in just a year. 2 Clicking Bad An incremental clicking game that is themed after Breaking Bad. It is a fun idea it's a very simple game with little to do aside from the obvious of upgrading and upgrading. The only twist might be to balance out making lots of money selling drugs and not attracting the law but even that is only a small challenge at the start. Eventually, you will get enough upgrades to bring the law risk so down that it makes no impact on the game play. 2 Zombie Tapper A super basic incremental clicker game with a zombie team. Click click click to eat brains, use brains (?) to buy zombies to do the brain eating for you and then buy upgrades for your zombies, and buy new zombies and it all feels very pointless. 1 Bitcoin Billionaire I started to enjoy incremental games, but it needs to have a good offline mode, because I don’t want to just play a game where I keep tapping. But that doesn’t mean I didn’t play. I played it, and I played a lot of it, because I could reset the game (like most incremental games) and it gives you a small benefit where you could finish the full game a bit faster (it gives you bonus income). So, I kept finishing and resetting, and each time the start to finish would shorten, so I thought I would reach a stage where I could finish each start-to-finish in an instant! It didn’t happen. I got bored first. 3 Tap Titan An addictive tapping game. Just tap on the creatures, level up, get new skills, hire heroes, and then reset and to it all over again to progress further. It’s an incremental game where it depends on resets to progress, but no real offline bonus, so you have to be playing online. Which got boring, so I installed an app that does the tapping for me, which is actually a stupid way to play the game, but this isn’t an attempt to prove to anyone my intelligence. Anyway, thankfully something went wrong and my progress got deleted, WHICH WAS A GOOD THING, because the game was extremely addictive. 4 God Squad I’ve realized most incremental games are stupid. Tap on monsters to kill, collect gold, buy Roman Gods, level them up, fight other monsters, and then get bored. 1
Frances Coppola: "A decade from now crypto will be a normal part of the investment and payments landscape, but replacing the US dollar and the banks that depend on it? That will still be a pipe dream."
https://www.pairagraph.com/dialogue/e3b365e55a9d4208873f7e92aa481ba8 Frances Coppola: A large part of the reason why cryptocurrencies are now popular with the mainstream is that the cryptocurrency ecosystem has firmly Tethered itself to the legacy system. Cryptocurrency investors mostly measure their wealth in US dollars, not in Bitcoin. Getting rich in US dollars is what they want to do. Replacing the US dollar with cryptocurrency would seriously damage their wealth. It is not what they want to do. The original vision of the early Bitcoin adopters was that cryptocurrency would replace the legacy financial system. But instead, the cryptocurrency ecosystem is being absorbed into it. A decade from now, cryptocurrencies will be a normal part of the investment landscape. And when central banks start issuing cryptocurrencies, they'll become a normal part of the payments infrastructure too. But replacing the US dollar, and the banks & central banks that depend on it? No, that will still be a pipe dream.
You may be in quarantine, but that doesn’t mean we aren’t! For those who don’t know, every month this subreddit makes a millionaire out of one comment, and donates. With danger out and about, take some time and comment to enter! [Drawing Thread #52]
I thought this year would be a lot more normal.
Introduction: Welcome to anyone and everyone coming from /popular. To be honest, I probably should've expected this, given that most of us are staying home. For those who aren't familiar: every month, we ask for comments for entry, and we pick one who represents our winner. This process is completely random and verifiable, using the Bitcoin blockchain as a sophisticated die. Following this, people then donate to the winner using a variety of mediums, and the winner would go on to be a "millionaire" (arguably, our definition of that term is pretty loose). So once again, thank you for your support. The post lasts for 24 hours before getting locked, so make sure you place your comment before 7 PM ET. In addition, I may make a [Part 2] if we reach the limit. If that happens, I will sticky a comment on this post temporarily. Let's make a millionaire! In Case You Missed It:
REQUIRED: Leave only one (1) top level comment in reply to this thread! (Replying to other comments will not qualify. You must be thirty days old or older to comment.)
A random user who commented will be chosen, and everyone donates a dollar to make a millionaire.
February 19 at 7:00 PM ET (epoch timestamp: 1582153200 (a bit tricky taking DST into consideration, it’s been updated)) is the cutoff for accounts. If you have created your account after this point, you are not eligible to enter and your submission will be disqualified automatically.
March 22 at 12:00 PM ET (epoch timestamp: 1584892800) will begin the process of selecting the winner. At this time, the [Draw] post will be online and start the process of waiting for the blockchain, in order to select the winner randomly and verifiably.
Mini Survey: NOTE: A Google account is required to respond to hinder tampering, but you are not obligated to answer. So I’ve been thinking about this for a while: people are not having pleasant experiences with PayPal. If the account isn’t blocked, then there are issues with fees, fear of the seizure of funds, and the risk of revealing personally identifiable information. However, it is the largest platform used by /MillionaireMakers, and is the provider of most donations on this subreddit. This survey is purely to see how people feel about this. Unless if the winner chooses to not accept PayPal, we will continue to offer this service for tonight’s thread. My questions are: 1) How would you feel about a ban on the PayPal service here on /MillionaireMakers? 2) Would removing PayPal as a service affect your ability to donate? 3) Should /MillionaireMakers remove PayPal? I will periodically post results here. If you are interested in responding, please answer here, answers will not be accepted at the time the [Draw] is posted: https://docs.google.com/forms/d/e/1FAIpQLSffkP3SKdTi9lLPbtO8taG4_-cdctYlAf8SvohvzoJvTOYdhw/viewform?usp=sf_link Drawing Process Mini-Update: This is as short as they come, leroy627 has made a commit to the repository that adds backwards-compatibility up to Python 3.5. Procedure will be run with the following conditions: the first comment of duplicates are kept for the month of March, and any ineligible comments will be removed. If you are interested in more information, see [Drawing Thread #51]: https://reddit.com/millionairemakers/comments/f7jdxz/alright_were_getting_back_into_the_flow_happy/
Sunday at 12 PM ET (16 UTC), we will be picking our winner, and you won’t want to miss it. The post will be labeled [Draw], and one comment will be selected out of the many made here to make a winner! Remember, this is about generosity, making an impact, and uniting to make someone's life better. It takes three minutes to donate a bit to the winner, whether you're well off and want to donate a couple bucks, or going through tough times and can only donate a few coins. Every cent makes cents, and counts! If a lone $1 can get you a mask for obvious reasons, then imagine the possibilities with $1,000,000. You can get a full-body suit, new doors, and someone to love you! Admittedly, for the wrong reasons, but the option is there. A million dollars can make someone’s suffering less sufferable. Spread the word: have your friends and family comment, post the link to your friendly-neighborhood social media network, and share it to anyone interested.
Let’s make a millionaire!
Why, kind Haiku? Why? Am I to atone in home? Perhaps. I’ll get by.
At this point, the chances of Bitcoin dying are next to impossible
The worst that could happen to Bitcoin was that it would become some obscure decentralized internet network with no real value. But at this point in the game, it's too big to shrink away into infamy. Wall Street is buying, hospitals are starting to accept it, banks are accepting it, stores are accepting it, PEOPLE are accepting it. It's too far adopted at this point for the dominos of adoption to stop falling. We're on a path that leans in an overwhelming direction towards Bitcoin's continued growth and adoption in this world. It was always a Binary equation when it started, and at this point, it's only got 1 way to go. Do you think Grayscale's clients who own the over 450 thousand Bitcoins are going to want to let them go? MicroStrategy who bought over 250 million dollars worth of Bitcoin as it's primary treasury financial reserve asset? Any of these guys who are, and will adopt in at the pro level of the financial world? We're at the brink of another parabolic run, and even if Bitcoin repeats history and 1000% jumps, then dumps 80%, do you think these guys would sell? Even after the drop, they'll still be over 200% on whatever they owned pre ATH(All-Time High Price). AKA, 20k$. These guys are going to see what we all saw after our first parabolic runs. They're going to see what happened, look at the history, and see that it does this every halving, realizing as we all did once, what Bitcoin truly is, and where it is headed. And these are hodlers who are already experienced in holding over 10 years, 20 years, 50 years, 100+F'ing years. These are the same institutional buyers pumping the stock market right now despite this pandemic. Once they get a taste of Bitcoin, they won't stop doing everything they can to get more. The volatility will slow down, the growth will become more consistent, boring, and predictable even, just as the stock market is today. But the math holds true; once these guys are fully adopted, and all the adoption dominoes have fallen; Bitcoin will be over 10 million per coin. By then, growth will probably be as boring and predictable as the stock market. The math will dignify it to still grow faster than the stock market does today, but boring, with no massive price swings as we see today; where you can buy Bitcoin at a 50% discount just 1 day, or 1 week later. By then, most companies will probably have already converted their stocks into their own cryptocurrencies of sorts. It's the only logical next step; cuts out the stockbroker middlemen, just like Bitcoin cuts out the banks. But, regardless of all that stuff that is likely to come with this path that we're on now, the one thing I know for most certain is, before this next run happens, you'll want to get in. Like now. Before this next run even starts pricing over 20k$. Because, after this whole next run up and drop is said and done, you'll be lucky if we ever see a 20k$ Bitcoin again. The best chances will be a drop to 30k$ if we break just over 100k$, or 70k$ if we break just over 300k$. That's if we even get the 80% drop that history has shown this time around, now with these old school investors joining the game before the parabolic run up even starts. Buy now, before we break 20k$. Hell, keep buying whenever you can until we hit 20k again. I can guarantee you; after 8 years of buying through these markets, there is no better time to buy than right before the start of a parabolic run. Sure, you'll wish you'd have bought when it was at an all-time low price period, but then, you'd have to wait potentially up to 4 years for the next parabolic run to start after a halving, in order to experience any of the crazy historical price run action you've heard so much about. Buying 6 months after a halving like now; puts you on the financial rocket ship that is Bitcoin, right before takeoff, making you able to experience the ride that has made thousands of people addicts to this decentralized network over the last 10 years. IN the next 10 years, it will be millions of addicts; in the next 30, it will be billions. And the price, well the price will be numbers we think today as impossible. Because if you think 10 million is where this bad boy is stopping, then you really don't understand what will happen when the owners of quadrillions in value, become addicted to a decentralized network that's capped out at 21 million coins, and those owners of those quadrillions in value begin to move their asset holdings into Bitcoin; in order to feed their addiction to this decentralized network that many of us have grown to know. Once they know what Bitcoin is, and they have experienced the supply shock that Bitcoin's halvings have on it's value, then they'll begin to move their assets into Bitcoin's network like a crackhead selling their mom's TV just to score an ounce of meth after experiencing its financial ride. Buy every chance you can, every paycheck; hop on this boat before it's too late and you miss another opportunity of insane ROI. Don't get me wrong, even in buying in on the next cycle, you'll still be exponentially profitable if you hold for the long run. But every time we have a parabolic run, that exponential potential becomes less and less. Although exponential none the less. The 10k$ dollars per Bitcoin range will be looked at in 30 years, just like we look at the days of Bitcoin being worth less than a penny per Bitcoin today. Hell, 10 years from now will be looking at a 10k$ per Bitcoin price range like we look at buying Bitcoin at 20$ a coin today.
[Geek Time Raffle and Special Offers] Custom Made Fifty Fathoms and Coupons, You Will Win It !
Dear reptime members, Hello, I'm Eric from geektime. We have only been engaged in this industry for a few years. Our international business has just started in the last month, and it is only 24 days before we join reptime. We don't understand many things, but we are studying very hard. At first, we didn't use bitcoin and transferwise to receive payment, but reptime members were very happy to teach me how to operate and what to pay attention to. What's more interesting is that we are not very clear about many English professional terms, and reptime members are also careful to explain them to me. I am very happy to meet many friends here, and I am so sorry for the last unsuccessful special offer. However, almost all members understand and support us, and we are very grateful. We hope to make more contributions to the community and members, so today I bring you Raffles and new special offers. Raffle https://preview.redd.it/rwlh97z31fd51.png?width=2400&format=png&auto=webp&s=35066f65081dfb407aaa1b7de35463039bebcb00 Custom made Blancpain fitfy fathoms [Here is my review video of the custom fifty fathoms](https://www.reddit.com/RepTime/comments/hyoamj/geek_time_video_review_brief_fifty_fathoms/?utm_medium=android_app&utm_source=share) COUPONS: 70$ 50$ 30$ 20$ The 5 giveaway prizes will be selected randomly from comments in this thread after two weeks from posting this thread. STEPS FOR GIVEAWAY Upvote this post. Leave a comment here. To be fair, the Moderators of reptime u/MajorWilliams will select the winners randomly and announce them on August 11. I will publish a new post to announce the winning list and send private messages to the winners. WHO IS QUALIFIED FOR THIS GIVEAWAY
Users who have posted in reptime.
Over 10 Karma is required.
User account is over 40 days.
*If the winner has already purchased the watch, we will refund all the money and give an extra $30 coupon. Special offer This time, we have had a very full communication with the manufacturer. There will be no accident this time. This custom made fifth fathoms, only a few TDs are selling it, and the price is about 408 dollars. Our price is the same. However, the special price is only 288 dollars, but due to limited capacity, we can only provide 20 of them. We tried our best to reach the price, hoping to give you enough surprise! Friends can still pay after QC, you can order through the link below. https://geektime.cc/product/fifty-fathoms-ss-black-custom-made-black-dial-on-sail-canvas-strap-a2836/ * If you see the price is $408, don't worry, it will show you the correct price when you check out Thank you again, good luck! Eric Geek Time Website: www.geektime.cc WhatsApp: +86 17503034223 Mail: [[email protected]](mailto:[email protected]) Wechat: geektimewatch
Teleporting to jail off a bunch of xans and alcohol
Teleporting to jail This is my second of many stories I have that I’m posting on reddit. To start this story off I was ordering my boy some lsd off the dark bet, and he had about 50 dollars left over in bitcoin he said get whatever I want with it, so you guys already know I went straight to the benzos. After a long search and contemplating what to get I ended up picking up 40 1mg footballs, where I’m from it’s hard to get legit Xans so 40 footballs is a fucking score for me. A couple days pass and I get my shit in the mail, so I figured it’s time to try this shot out. My homie came and got his sheet of acid and threw me a couple hits and I tossed him a couple footballs. The next day o was ready to try those bad boys out. I had done a line of meth and I picked up a bottle of 100 proof vodka (first mistake). So i call up my main homie and he pulled up to chill. We bother popped a hit of acid then we smoked some gas that my homie brought. After we smoked a blunt we dosed up on Xanax, at the time I had a decently high tolerance and I was on meth so I decided to go ahead and eat 10mg right off the bat. We chilled for a while and drank some vodka and I pooped a few more footballs. Here is where my memory gets hazy and the dumbassery starts. We were really mega fucked up and my boy starts talking about hitting a lick on this house. My barred up ass was like fuck it let’s do it. So me and my boy ate the rest of the xans and finished off the bottle, all I remember from here is walking from my apartment to this lick we were trying to hit. I was so fucked up I barely made it to the house, but we finally got there and I was falling over in the yard and shit making a fool out of myself, we didn’t even start trying to get into the crib next thing I know my buddy says “hey there’s a cop car”. I was confused just standing there and my boy took off running, I didn’t move and next thing I know BAM I got fucking layed put by the police. I guess we were so fucked up we didn’t even notice they were watching us. Next thing I remember I’m on the way to jail, the cop driving is there was super chill, he asked if we wanted to smoke a cig before we went to jail ( he was a real ass dude for that one). So we get out the cop car still handcuffed and the cop lights us both a cig up, we’re sitting there smoking and my drunk ass dropped the cig out my mouth like 5 times but the chill ass cop kept picking it up for me. Next thing I know it’s the next morning and I woke up I a holding cell getting arraigned, I was still kinda fucked up and I was shit talking the judge a lil ( big fuck up) so my bail got set at 50,000 so 5,000 to get out (On my first offense!). So I was in jail for about 5 days until my lawyer was able to get my bail reduced to ror. I’ve been out since COVID started still waiting on the case but fuck it I’ve been wanting to tell the story. Hope you guys enjoyed 😂 TLDR: Ate way to many footballs and a bunch of liquor, tried to hit a lick and teleported to jail
[WTS] Auction Leftovers #2 (Older/Better World Silver ONLY)
Good morning again! Okay - so Round 1 of "Leftovers" worked out pretty well...found a lot of new homes for coins from my collection. As a result, I'm going to give it a second shot with leftovers from the September 13 Auction. NOTE: I'm also going to incorporate some lessons learned from last time that will hopefully streamline the process. This listing is for items that did not sell during the September 13 Auction (most likely due to BP/fees) - so you can buy anything you want right here and right now - no buyer's premiums, no additional fees - JUST DISCOUNTS: *All the World Silver is 10% off the listed price. *FREE shipping for any order over $100. *NUCLEAR OPTION: Buy everything that remains for 15% off listed asking price. Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is: https://www.auctionzip.com/auction-catalog/Coins-US,-Foreign-,-Rare,-Graded,-Type,-Jewelry,-More-2_PD4EXTCK7K/ Here is the required "prove you still have the stuff" photo with the username card and today's date (I pulled the first five items out of the storage trays so you weren't just seeing the tops of bags): PHOTO Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. No notes if using PPFF, please. Thank you. Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. I will offer "Risky Shipping" (via stamped greeting card)at my discretionfor $1 - for single, small coins ONLY. What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. There are too many coins here (plus there are duplicates) so I cannot look up the coins you want by description - just give me lot numbers and it will be much simpler. I'd like to make a simple and polite request - if I have sent you my PayPal information (meaning we've agreed to a deal) please finish it up as soon as you can so I can check you off the list and move on to the next person. This helps make sure you get all the coins we discussed and no one else is in limbo. I will do my absolute best to update the ad as soon as lots sell. World Silver (remember - 10% off listed price!) 51 World Silver - Panama 1904 5 Centesimos $6.00 53 World Silver - Panama 1904 5 Centesimos $6.00 54 World Silver - Panama 1904 5 Centesimos $6.00 55World Silver - Panama 1930 1/10 Balboa $3.00 57 World Silver - Panama 1931 1/10 Balboa $5.00 58 World Silver - Panama 1931 1/10 Balboa $5.00 59 World Silver - Panama 1931 1/10 Balboa $5.00 60 World Silver - Panama 1931 1/10 Balboa $5.00 61 World Silver - Panama 1931 1/10 Balboa $5.00 62 World Silver - Panama 1962 1/10 Balboa $3.00 63 World Silver - France 1903 50 Centimes KEY DATE $8.00 64World Silver - France 1911 50 Centimes KEY DATE $10.00 67World Silver - France 1872 K 1 Franc $6.00 68 World Silver - Curacao 1900 1/4 Gulden $8.00 69 World Silver - Netherlands 1850 25 Cents KEY DATE $40.00 70 World Silver - Netherlands 1905 25 Cents NICE $20.00 71 World Silver - Netherlands 1917 25 Cents $3.00 72World Silver - Netherlands 1909 1/2 Gulden NICE $20.00 77World Silver - Belgium 1869 1 Franc $15.00 78 World Silver - Belgium 1904 2 Francs $10.00 79World Silver - Belgium 1909 2 Frank $10.00 83World Silver - Great Britain 1817 Shilling $8.00 84 World Silver - Great Britain 1825 Shilling $12.00 85 World Silver - Great Britain 1839 Shilling $10.00 86 World Silver - Great Britain 1857 Shilling $10.00 87 World Silver - Great Britain 1859 Shilling $10.00 88World Silver - Great Britain 1871 (40) Shilling $10.00 89 World Silver - Great Britain 1887 Shilling $8.00 90 World Silver - Great Britain 1864 (4) Sixpence $6.00 91 World Silver - Great Britain 1865 (4) Sixpence $6.00 92 World Silver - Great Britain 1866 (46) Sixpence $6.00 93World Silver - Great Britain 1884 Sixpence $4.00 94World Silver - Great Britain 1892 Sixpence $6.00 95 World Silver - Great Britain 1893 Sixpence $4.00 96 World Silver - Great Britain 1909 Sixpence $4.00 97 World Silver - Great Britain 1912 Sixpence $6.00 98 World Silver - Great Britain 1916 Sixpence $4.00 99 World Silver - Great Britain 1918 Sixpence $4.00 251 World Silver - Bahamas 1970 Proof 50 Cents LOW MINTAGE $8.00 255 World Silver - Bahamas 1974 Proof 50 Cents LOW MINTAGE $8.00 256 World Silver - Bahamas 1974 Proof 50 Cents LOW MINTAGE $8.00 257 World Silver - Bahamas 1976 Proof 50 Cents LOW MINTAGE $8.00 258 World Silver - Bahamas 1970 Proof 1 Dollar LOW MINTAGE $14.00 259 World Silver - Bahamas 1971 Proof 1 Dollar LOW MINTAGE $14.00 260 World Silver - Bahamas 1971 Proof 1 Dollar LOW MINTAGE $14.00 262World Silver - Bahamas 1972 Proof 1 Dollar LOW MINTAGE $14.00 263 World Silver - Bahamas 1973 Proof 1 Dollar LOW MINTAGE $14.00 264 World Silver - Bahamas 1974 Proof 1 Dollar LOW MINTAGE $14.00 265 World Silver - Bahamas 1974 Proof 1 Dollar LOW MINTAGE $14.00 266 World Silver - Bahamas 1976 Proof 1 Dollar LOW MINTAGE $14.00 267 World Silver - Bahamas 1971 Proof 2 Dollars LOW MINTAGE $27.00 268World Silver - Bahamas 1972 Proof 2 Dollars LOW MINTAGE $27.00 269 World Silver - Bahamas 1972 Proof 2 Dollars LOW MINTAGE $27.00 271 World Silver - Bahamas 1974 Proof 2 Dollars LOW MINTAGE $27.00 272 World Silver - Bahamas 1976 Proof 2 Dollars LOW MINTAGE $27.00 273 World Silver - Barbados 1973 Proof 5 Dollars LOW MINTAGE $24.00 275 World Silver - Barbados 1973 Proof 5 Dollars LOW MINTAGE $24.00 276 World Silver - British Virgin Islands 1973 Proof 1 Dollar LOW MINTAGE $23.00 277 World Silver - British Virgin Islands 1973 Proof 1 Dollar LOW MINTAGE $23.00 278 World Silver - British Virgin Islands 1973 Proof 1 Dollar LOW MINTAGE $23.00 279 World Silver - British Virgin Islands 1974 Proof 1 Dollar LOW MINTAGE $23.00 280 World Silver - British Virgin Islands 1974 Proof 1 Dollar LOW MINTAGE $23.00 281 World Silver - British Virgin Islands 1975 Proof 1 Dollar LOW MINTAGE $23.00 282World Silver - Canada 1973 5 Dollars UNC $22.00 283 World Silver - Canada 1973 5 Dollars UNC $22.00 284World Silver - Canada 1973 5 Dollars UNC $22.00 285 World Silver - Canada 1973 5 Dollars UNC $22.00 286 World Silver - Canada 1973 5 Dollars UNC $22.00 287World Silver - France 1963 5 Francs UNC $10.00 288 World Silver - France 1963 5 Francs UNC $10.00 289 World Silver - Australia 1961 1 Shilling UNC $4.00 290 World Silver - Australia 1961 1 Shilling UNC $4.00 295 World Silver - Australia 1943 S 1 Shilling NICE $6.00 296World Silver - Panama 1947 1/4 Balboa UNC $15.00 297World Silver - South Africa 1958 1 Shilling UNC $4.00 299World Silver - Great Britain 1944 Florin/Two Shillings NICE AU $6.00 300World Silver - Great Britain 1919 1 Shilling NICE AU $20.00 452World Silver - Canada 1948 10 Cents $3.00 453 World Silver - Canada 1948 10 Cents $3.00 454 World Silver - Canada 1948 10 Cents $3.00 455 World Silver - Canada 1948 10 Cents $3.00 456 World Silver - Canada 1948 10 Cents $3.00 457 World Silver - Canada 1945 10 Cents $3.00 458 World Silver - Canada 1937 10 Cents $3.00 461 World Silver - Canada 1935 10 Cents $4.00 462 World Silver - Canada 1935 10 Cents $4.00 463 World Silver - Canada 1935 10 Cents $4.00 464 World Silver - Canada 1935 10 Cents $4.00 465 World Silver - Canada 1930 10 Cents $5.00 467World Silver - Canada 1919 10 Cents $5.00 468World Silver - Canada 1919 10 Cents $5.00 469 World Silver - Canada 1914 10 Cents $4.00 470 World Silver - Canada 1913 10 Cents $5.00 472 World Silver - Canada 1912 10 Cents $3.00 473 World Silver - Canada 1912 10 Cents $3.00 474 World Silver - Canada 1911 10 Cents $6.00 475 World Silver - Canada 1909 "Victorian Leaves" 10 Cents $5.00 476 World Silver - Canada 1909 "Victorian Leaves" 10 Cents $7.00 478 World Silver - Canada 1908 10 Cents $4.00 479World Silver - Canada 1908 10 Cents $4.00 480 World Silver - Canada 1908 10 Cents $4.00 481 World Silver - Canada 1908 10 Cents $4.00 482World Silver - Canada 1906 10 Cents $4.00 483 World Silver - Canada 1904 10 Cents $5.00 484 World Silver - Canada 1904 10 Cents $6.00 485 World Silver - Canada 1904 10 Cents $6.00 486 World Silver - Canada 1903 H 10 Cents $5.00 487 World Silver - Canada 1903 H 10 Cents $5.00 488 World Silver - Canada 1902 10 Cents $5.00 489 World Silver - Canada 1902 10 Cents $5.00 490 World Silver - Canada 1902 10 Cents $5.00 491 World Silver - Canada 1901 10 Cents $6.00 492 World Silver - Canada 1901 10 Cents $6.00 493 World Silver - Canada 1900 10 Cents $6.00 494 World Silver - Canada 1899 10 Cents $6.00 495World Silver - Canada 1899 10 Cents $6.00 496 World Silver - Canada 1899 10 Cents $6.00 497 World Silver - Canada 1888 10 Cents $10.00 498 World Silver - Canada 1882 H 10 Cents $8.00 499 World Silver - Canada 1881 H 10 Cents $8.00 500 World Silver - Canada 1880 H 10 Cents $10.00 653World Silver - Mexico 1900 CnJQ 1 Peso NICE $25.00 654World Silver - Russia 1899 50 Kopeks $10.00 655World Silver - Russia 1897 50 Kopeks $10.00 656World Silver - Austria 1908 5 Corona $21.00 657World Silver - Hungary 1881 1 Forint $11.00 658World Silver - Austria 1907 5 Corona $21.00 659World Silver - Germany (Empire) 1881 A 1 Mark $5.00 661World Silver - Germany (Empire) 1876 A 1 Mark $5.00 662World Silver - Germany (Empire) 1875 D 1 Mark $5.00 663World Silver - Canada (Newfoundland) 1945 C 10 Cents $3.00 664World Silver - Canada (Newfoundland) 1942 C 10 Cents $3.00 665 World Silver - Canada (Newfoundland) 1917 C 10 Cents $3.00 675 World Silver - Canada 1909 25 Cents $8.00 676 World Silver - Canada 1905 25 Cents $10.00 677 World Silver - Canada 1905 25 Cents $10.00 678 World Silver - Canada 1903 25 Cents $10.00 679 World Silver - Canada 1902 25 Cents $10.00 680 World Silver - Canada 1870 25 Cents $12.00 681 World Silver - Australia 1917 M 1 Florin $10.00 682World Silver - Australia 1915 H 1 Florin KEY DATE $20.00 683 World Silver - Australia 1939 1 Florin KEY DATE $15.00 684 World Silver - Australia 1912 1 Shilling KEY DATE $10.00 685 World Silver - Australia 1913 1 Shilling KEY DATE $10.00 686World Silver - Australia 1910 Sixpence $4.00 687 World Silver - Australia 1917 M Sixpence KEY DATE $10.00 688 World Silver - Australia 1918 M Sixpence KEY DATE $25.00 689 World Silver - Australia 1918 M Sixpence KEY DATE $35.00 691 World Silver - Australia 1920 M Sixpence SEMI KEY DATE $10.00 692 World Silver - Australia 1922 Sixpence KEY DATE $15.00 693 World Silver - Australia 1943 D Sixpence NICE $4.00 694 World Silver - Mexico 1906 10 Centavos $4.00 695World Silver - Mexico 1906 10 Centavos $6.00 696 World Silver - Mexico 1910/00 10 Centavos $10.00 697World Silver - Mexico 1912 Low 2 10 Centavos $10.00 698World Silver - Mexico 1907 10 Centavos $4.00 699 World Silver - Mexico 1907 Straight 7 20 Centavos $12.00 700World Silver - Mexico 1919 20 Centavos ONE YEAR TYPE $10.00 851World Silver - Mexico (Maximilian) 1860's 10 Centavos $8.00 852World Silver - Mexico 1880 Zs S 50 Centavos $12.00 853World Silver - Mexico 1875 Do M 50 Centavos $15.00 854 World Silver - Mexico 1890 Pi R 25 Centavos LOW MINTAGE $10.00 856 World Silver - Mexico 1885 Go R 25 Centavos LOW MINTAGE $10.00 857 World Silver - Mexico 1880 Zs S 25 Centavos LOW MINTAGE $10.00 858 World Silver - Mexico 1885 Zs S 25 Centavos LOW MINTAGE $10.00 859World Silver - Mexico 1870 Zs S 25 Centavos LOW MINTAGE $10.00 860World Silver - Mexico 1884 Zs S 25 Centavos LOW MINTAGE $10.00 861 World Silver - Mexico 1887 Zs Z 25 Centavos LOW MINTAGE $10.00 862 World Silver - Mexico 1878 Zs S 25 Centavos LOW MINTAGE $10.00 863 World Silver - Mexico (Alamos) L 25 Centavos LOW MINTAGE $10.00 864World Silver - Mexico 1935 20 Centavos $3.00 865World Silver - Mexico 1940 20 Centavos $3.00 866World Silver - Mexico 1941 20 Centavos $3.00 867World Silver - Mexico 1942 20 Centavos $3.00 868World Silver - Mexico 1943 20 Centavos $3.00 870World Silver - Mexico 1887 Ca M 10 Centavos LOW MINTAGE $3.00 871World Silver - Mexico 1894 Zs Z 10 Centavos $3.00 872World Silver - Mexico 1881 Ga S 10 Centavos LOW MINTAGE $4.00 873World Silver - Mexico 1887 Do C 10 Centavos LOW MINTAGE $5.00 874World Silver - Mexico 1892 Ca M 10 Centavos LOW MINTAGE $4.00 875World Silver - Mexico 1892 Mo M 10 Centavos $3.00 876 World Silver - Mexico 1898 Do R 10 Centavos LOW MINTAGE $5.00 877World Silver - Mexico 1892 Go R 10 Centavos $5.00 878 World Silver - Mexico 1892 Ca M 10 Centavos $3.00 879 World Silver - Mexico 1890 Mo M 10 Centavos $3.00 880 World Silver - Mexico 1890 Pi R 10 Centavos $3.00 881 World Silver - Mexico 1800's Mo M 10 Centavos $2.00 882 World Silver - Mexico 1895 Mo M 10 Centavos $3.00 883 World Silver - Mexico 1899 Zs Z 10 Centavos LOW MINTAGE $3.00 884 World Silver - Mexico 1892 Ga S 10 Centavos LOW MINTAGE $3.00 885 World Silver - Mexico 1891 Go R 10 Centavos $3.00 886World Silver - Mexico 1894 Zs Z 10 Centavos $3.00 887 World Silver - Mexico 1891 Zs Z 10 Centavos $3.00 889World Silver - Mexico 1904 Mo M 10 Centavos $3.00 890World Silver - Mexico 1896 Zs Z 10 Centavos $3.00 891 World Silver - Mexico 1887 Do C 10 Centavos LOW MINTAGE $3.00 893 World Silver - Mexico 1898 Zs Z 10 Centavos $3.00 894 World Silver - Mexico 1886 Zs Z 10 Centavos $3.00 895 World Silver - Mexico 1895 Ca M 10 Centavos LOW MINTAGE $5.00 896 World Silver - Mexico 1892 Zs Z 10 Centavos $3.00 897World Silver - Mexico 1892 Ca M 10 Centavos LOW MINTAGE $3.00 898 World Silver - Mexico 1889 Mo M 10 Centavos $3.00 899 World Silver - Mexico 1894 Ca M 10 Centavos LOW MINTAGE $4.00 900 World Silver - Mexico 1890 Zs Z 10 Centavos $3.00 Finally, THANK YOU and have a WONDERFUL WEEK!
Good morning! I'm trying something new today - so let's see how this goes. (If it works, I'll do it again. It it doesn't, I won't waste anyone's time with it next time because it's a LOT of work.) What we have here are the leftovers from yesterday's auction. I have heard from a few people that the buyer's premium and other fees the auctioneer adds on (so he can make money and pay for the auctions) are too high - so I'm offering them all here for sale individually. No buyer's premiums. No additional fees. In fact, I'M OFFERING DISCOUNTS: *All the World Silver is 10% off the listed price. *All the World Non-Silver marked $1.00 are now $.75 each. *FREE shipping for any order over $100. Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is: https://www.auctionzip.com/auction-catalog/Coins-US,-Foreign-,-Rare,-Graded,-Type,-Jewelry,-More-3_Q37IBJZ4W1/?page=0&searchWithAll=&size=200&sort= Here is the required "prove you still have the stuff" photo with the username card and today's date (I pulled the first five items out of the storage trays so you weren't just seeing the tops of bags): PHOTO Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. I will do my absolute best to update the ad as soon as lots sell. World Silver (10% off listed price!) 51World Silver - Philippines 1944 S 50 Centavos $8.00 52World Silver - Philippines 1944 S 50 Centavos $8.00 53World Silver - Philippines 1944 S 50 Centavos $8.00 54World Silver - Philippines 1944 D 20 Centavos $3.00 55World Silver - Philippines 1944 D 20 Centavos $3.00 56World Silver - Philippines 1944 D 20 Centavos $3.00 57World Silver - Belgium 1909 1 Frank $5.00 58World Silver - Philippines 1944 D 20 Centavos $3.00 59World Silver - Philippines 1944 D 20 Centavos $3.00 60World Silver - Philippines 1944 D 20 Centavos $3.00 61World Silver - Philippines 1944 D 10 Centavos $2.00 62World Silver - Philippines 1944 D 10 Centavos $2.00 64World Silver - Philippines 1944 D 10 Centavos $2.00 65World Silver - Australia 1942 (m) 1 Shilling BETTER DATE $5.00 66World Silver - New Zealand 1941 1 Florin NICE $12.00 67 World Silver - Switzerland 1920 1/2 Franc $2.00 68 World Silver - Switzerland 1951 1/2 Franc $2.00 69 World Silver - Switzerland 1952 1/2 Franc $2.00 70 World Silver - Italy 1959 500 Lire $9.00 71 World Silver - Italy 1960 500 Lire $9.00 73 World Silver - Spain 1869 (69) SN-M 1 Peseta KEY DATE $25.00 74World Silver - Sweden 1938 1 Krona $6.00 75 World Silver - France 1913 50 Centimes $2.00 76World Silver - Hong Kong 1884 10 Cents $3.00 78 World Silver - Canada 1913 25 Cents $5.00 79World Silver - Canada 1906 25 Cents $5.00 80 World Silver - Canada 1910 25 Cents $5.00 81 World Silver - Cyprus 1901 9 Piastres $10.00 82 World Silver - Canada 1917 25 Cents $5.00 83 World Silver - Canada 1918 25 Cents $5.00 84World Silver - Canada 1888 10 Cents $3.00 85 World Silver - Canada 1906 10 Cents $3.00 86 World Silver - Canada 1916 10 Cents $3.00 87 World Silver - Canada 1918 10 Cents $3.00 88 World Silver - Philippines 1917 S 10 Centavos $2.00 89World Silver - Canada (Newfoundland) 1942 C 10 Cents $3.00 90World Silver - Guatemala 1894 2 Reales Pendant $5.00 92World Silver - Great Britain 1917 3 Pence $2.00 93World Silver - Great Britain 1917 3 Pence $2.00 94World Silver - Great Britain 1916 3 Pence $2.00 95World Silver - Great Britain 1919 3 Pence $2.00 97World Silver - Great Britain 1920 3 Pence $2.00 98World Silver - Great Britain 1916 3 Pence $2.00 99 World Silver - Caribbean Country 1915 20 Centavos $5.00 100 World Silver - Caribbean Country 1953 25 Centavos $5.00 252World Silver - Great Britain 1918 3 Pence $2.00 253 World Silver - Switzerland 1945 1/2 Franc $3.00 254 World Silver - Switzerland 1950 1/2 Franc $3.00 255 World Silver - Switzerland 1953 1/2 Franc $3.00 256 World Silver - Switzerland 1975 1 Franc $8.00 257World Silver - Switzerland 1903 1 Franc $5.00 258 World Silver - Switzerland 1958 1 Franc $6.00 259World Silver - Great Britain 1919 3 Pence $2.00 260World Silver - Great Britain 1916 3 Pence $2.00 261World Silver - Great Britain 1919 3 Pence $2.00 263 World Silver - Australia 1914 (L) Sixpence $4.00 264World Silver - Australia 1916 M Sixpence KEY DATE $15.00 265World Silver - Australia 1919 M Sixpence $8.00 266 World Silver - Australia 1922 Sixpence $10.00 267 World Silver - Australia 1922 Sixpence $10.00 268 World Silver - Australia 1923 Sixpence $6.00 269 World Silver - Australia 1923 Sixpence $6.00 270World Silver - Australia 1936 Sixpence $3.00 271 World Silver - Australia 1939 Sixpence $4.00 272 World Silver - Australia 1911 Shilling $5.00 273 World Silver - Australia 1912 Shilling $8.00 274 World Silver - Australia 1912 Shilling $10.00 275 World Silver - Australia 1914 Shilling $6.00 276 World Silver - Australia 1920 Shilling $8.00 277 World Silver - Australia 1920 Shilling $10.00 278 World Silver - Australia 1922 Shilling $6.00 279 World Silver - Australia 1928 Shilling $8.00 280 World Silver - Australia 1943 Shilling $10.00 281World Silver - Germany (Bavaria) 1902 D 5 Marks $28.00 282World Silver - Germany (Saxony) 1876 E 2 Marks $20.00 283World Silver - Great Britain 1889 Sixpence $4.00 284World Silver - Great Britain 1889 Sixpence $6.00 286World Silver - Great Britain 1900 Sixpence $4.00 287World Silver - Great Britain 1904 Sixpence $4.00 288World Silver - Great Britain 1907 Sixpence $10.00 289World Silver - Great Britain 1921 Sixpence $4.00 290World Silver - Great Britain 1925 Sixpence NICE $12.00 293World Silver - Germany (Prussia) 1849 A 1/6 Thaler $8.00 294 World Silver - Portugal 1933 2 1/2 Escudos KEY DATE $8.00 295World Silver - New Zealand 1939 6 Pence $3.00 297World Silver - Great Britain 1872 (14) Shilling $8.00 298World Silver - Great Britain 1873 (81) Shilling $8.00 299 World Silver - New Zealand 1943 6 Pence $3.00 451World Silver - Seychelles 1944 25 Cents (mintage 36k) $3.00 453World Silver - Columbia 1874 10 Centavos LOW MINTAGE $4.00 454 World Silver - Guatemala 1899 1 Real $4.00 455 World Silver - Philippines 1868 20 Centimos $6.00 457World Silver - Great Britain 1918 Shilling $6.00 458World Silver - Great Britain 1924 Shilling $6.00 459World Silver - Great Britain 1925 Florin KEY DATE $15.00 463 World Silver - Egypt 1917 2 Piastres $3.00 464World Silver - Canada 1882 H Ten Cents $8.00 465 World Silver - Canada 1882 H Ten Cents $10.00 466 World Silver - Canada 1886 Ten Cents $15.00 467World Silver - Curacao 1944 D 1/4 Gulden NICE $6.00 468World Silver - Canada 1888 Ten Cents $8.00 469 World Silver - Canada 1891 Ten Cents $10.00 470 World Silver - Canada 1899 Ten Cents $8.00 471 World Silver - Canada 1902 Ten Cents $6.00 472 World Silver - Canada 1902 H Ten Cents $3.00 474 World Silver - Canada 1908 Ten Cents $4.00 476 World Silver - Canada 1908 Ten Cents $6.00 477 World Silver - Canada 1909 Ten Cents $4.00 478 World Silver - Canada 1909 Ten Cents $4.00 479World Silver - Italy 1887 1 Lira $5.00 480 World Silver - Poland 1840 MW 10 Groszy $2.00 482 World Silver - Canada 1916 Ten Cents $3.00 485World Silver - Norway 1898 50 Ore LOW MINTAGE $6.00 486World Silver - Sweden 1877 25 Ore $6.00 487World Silver - Germany (Empire) 1919 F 1/2 Mark $6.00 489World Silver - Germany (Empire) 1918 F 1/2 Mark $6.00 490 World Silver - Canada 1948 Ten Cents $3.00 491World Silver - Canada 1951 Ten Cents NICE $3.00 492World Silver - Canada 1870 25 Cents $10.00 493 World Silver - Canada 1871 H 25 Cents $10.00 494World Silver - Canada 1872 H 25 Cents $10.00 495World Silver - Germany (Lippe) 1860 A 1 Silver Groschen $10.00 497 World Silver - Canada 1874 H 25 Cents $8.00 498World Silver - Germany (Reuss-Schleiz) 1846 A 1 Silver Groschen (mintage 62k) $6.00 499 World Silver - Canada 1881 H 25 Cents $15.00 500 World Silver - Canada 1948 25 Cents $6.00 651 World Silver - Canada 1954 50 Cents NICE $9.00 652 World Silver - Canada 1903 25 Cents $8.00 653 World Silver - Canada 1904 25 Cents $8.00 654 World Silver - Canada 1905 25 Cents $8.00 655 World Silver - Canada 1905 25 Cents $8.00 656World Silver - Canada 1907 25 Cents $6.00 657 World Silver - Canada 1908 25 Cents $8.00 658 World Silver - Austria - 1868 10 Kreuzer $2.00 659 World Silver - Canada 1912 25 Cents $6.00 660 World Silver - Canada 1916 25 Cents $6.00 661 World Silver - Canada 1916 25 Cents $8.00 662 World Silver - Spain 1892 (92) 50 Centimos $3.00 663 World Silver - Canada 1921 25 Cents $8.00 664 World Silver - Canada 1921 25 Cents $8.00 665World Silver - Norway 1899 25 Ore $8.00 666 World Silver - Canada 1931 25 Cents $6.00 667World Silver - Canada 1931 25 Cents $8.00 669 World Silver - Russia 1879 20 Kopeks $4.00 672World Silver - Germany (Prussia) 1856 A 1 Silver Groschen $3.00 673World Silver - Germany (Empire) 1877 F 50 Pfennig $10.00 675World Silver - Germany (Empire) 1918 D 1/2 Mark NICE $3.00 677 World Silver - Switzerland 1955 1/2 Franc BETTER DATE $4.00 678World Silver - Germany (Empire) 1911 A 1 Mark NICE $6.00 679World Silver - Germany (Prussia) 1870 A 2 1/2 Silver Groschen $4.00 680World Silver - Sweden 1875 ST 50 Ore $10.00 681World Silver - Germany (Hesse-Darmstadt) 1842 6 Kreuzer $6.00 682World Silver - Philippines 1918 S 20 Centavos $5.00 683World Silver - Philippines 1919 S 20 Centavos $6.00 684 World Silver - Saint Thomas & Prince Island (Sao Tome et Principe) 1951 2 1/2 Escudos LOW MINTAGE $25.00 686World Silver - Germany (Wurttemberg) 1833 6 Kreuzer $4.00 687 World Silver - Dominican Republic 1891 1 Franco $10.00 688 World Silver - Straits Settlements 1895 10 Cents NICE $12.00 689 World Silver - Straits Settlements 1910 10 Cents $5.00 690World Silver - Straits Settlements 1919 10 Cents $3.00 691 World Silver - Germany (Empire) 1918 F 1/2 Mark NICE $15.00 692World Silver - Great Britain 1915 Shilling NICE $12.00 693World Silver - Japan 1899 20 Sen $6.00 694 World Silver - Japan 1932 50 Sen $6.00 697 World Silver - Canada 1929 10 Cents $3.00 700 World Silver - Canada 1948 10 Cents $3.00 851 World Silver - Egypt 1916 5 Piastres $6.00 852 World Silver - South Africa 1962 20 Cents $6.00 854 World Silver - Egypt AH1293 (Year 10; 1884) 10 Qirsh $12.00 857 World Silver - Panama 1931 1/10 Balboa $5.00 861 World Silver - Egypt AH1327 (1910-1913) 5 Qirsh $6.00 863 World Silver - Turkey AH1327 (Year 6; 1914) 5 Kurush $6.00 864World Silver - Turkey AH1293 (Year 24; 1898) 2 Kurush $3.00 865 World Silver - Egypt AH1384 (1964) 5 Piastres $3.00 867 World Silver - Syria (United Arab Republic) 1959 50 Qirsh $4.00 869World Silver - Great Britain 1834 Sixpence $8.00 870World Silver - Great Britain 1859 Sixpence $8.00 871World Silver - Great Britain 1866 (53) Sixpence $8.00 874World Silver - Great Britain 1835 1/2 Crown (LOW MINTAGE) $20.00 875World Silver - Australia 1917 M Sixpence $12.00 876 World Silver - Australia 1920 M Sixpence $10.00 877 World Silver - Australia 1912 Shilling $12.00 878 World Silver - Australia 1913 Shilling $12.00 879 World Silver - Australia 1914 Shilling $6.00 880World Silver - Australia 1925/3 Shilling $6.00 882World Silver - Australia 1914 Shilling $6.00 885 World Silver - Morocco AH1380 (1960) 1 Dirham NICE $6.00 886 World Silver - Canada 1902 10 Cents $6.00 887 World Silver - Canada 1908 10 Cents $5.00 891 World Silver - Canada 1949 10 Cents $3.00 892World Silver - Canada 1882 H 25 Cents $20.00 893 World Silver - Canada 1902 H 25 Cents $10.00 894 World Silver - Canada 1903 25 Cents $10.00 895 World Silver - Canada 1909 25 Cents $10.00 896 World Silver - Canada 1912 25 Cents $8.00 899 World Silver - Canada 1948 25 Cents $6.00 World Non-Silver (If it's listed at $1.00, it's .75) ALL BASE METAL SOLD, THANK YOU THANK YOU AND HAVE A WONDERFUL DAY!
The Fed's Losing Battle with Technological Deflation
PART 1/4 - FREE MARKET? First off, let's set the scene. The stock market is telling you nothing about the real economy anymore. Economic fundamentals have never mattered as little for the stock market as has been the case during this 11-year bull market. The correlation between gross-domestic-product growth and the direction of the S&P 500 Index has only been 7% in this cycle - historically it has been 30% to 70%. Why? Well, it is the Central Banks, led by the Fed, who printed their way out of the Recession in '08. In doing so, they have papered over the cracks, and we have seen the longest economic expansion in US history. However, this is not a particularly meritocratic process: money creation itself increases inequality via the Cantillon Effect, as money printing leads to asset price inflation, which disproportionately benefits the rich and hurts the poor. Former Federal Reserve Chairman Paul Volcker told the New York Times in 2018: “The central issue is we’re developing into a plutocracy. We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive." The reality of course is that this is largely not the case - it is because the game is rigged in their favour. Now, it is important to emphasise the fact that the path we have taken has resulted in the highest living standards we have seen in human history. However, the issue, particularly since the US completely abandoned the gold standard in 1971, is that debt has exploded to obscene levels. We are not operating in a free market if it takes $185 trillion of debt over the last 20 years to create 'growth'. In fact, the global debt to GDP ratio hit an all-time high of 322% in the third quarter of 2019. Inflation means that your dollar loses value and thus your purchasing power goes down. Deflation means that the value of your dollar goes up and your purchasing power goes up. That's a good thing right? You get more goods and services for less. Well, no. If you have deflation, debt explodes in real terms and you can never pay it back. As the economy is based on debt, if you allow deflation, then you have to reset the debt. This is why central banks fear deflation so much. However, the major force driving the human race is technological progress - and this stops for no mortal... PART 2/4 - TECHNOLOGICAL DEFLATION: The increased abundance created by technology will result in massive job losses. Throughout history, doom porn enthusiasts have screamed that the machines are coming for jobs. This is not a new phenomenon. All technological revolutions are deflationary - since they create "supply side shocks", meaning that they allow for more intensive use of resources and thus higher production. With more goods being produced, all other things being equal, the price of those goods will fall. In the last 20 years or so, software has disrupted and replaced many established goods and services. It is in the next 20 years that another disruptive technology is set to take the stage: AI According to Steve Schwarzman, the co-founder and CEO of The Blackstone Group who has a net worth of $17.6BN: "This is going to touch everyone's life....you're not going to be able to get away from this technology" Moreover, this virus will only accelerate this trend towards tech. Zoom is a fantastic example of exactly this. Old legacy economic systems were not built for this tech deflation, and the thing about exponential growth is that we humans do not intuitively understand it. As an example, if you folded a piece of paper 51 times, of course you can only fold it seven times, but if you could fold it 51 times, it would reach the Sun! PART 3/4 - IMPLICATIONS FOR SOCIETY: The question is: how does this play out? In the long term, it is the fundamental structure of the economic system that has a significant impact on people's lives, not who is President for 4 to 8 years. In reality, politicians have limited power and are effectively all puppets. We have seen what happens when a President doesn't stay in their lane... One could argue that the two main mechanisms of control are:
As we have seen many times in the past, herd psychology is worryingly easy to manipulate... Speaking of the censorship, in his book Antifragile, Nassim Taleb discusses the anti fragility of information. Information feeds more on attempts to harm it than it does on efforts to promote it. A fantastic example of this process is what has happened with London Real: they were banned on LinkedIn and David Icke's interview was censored. Now, regardless of what you think of this particular channel or your thoughts on David Icke and the theories provided, censoring information in this way actually spreads it more virally. It's fascinating to observe how many views the videos regarding the bans and censorship have relative to the others. And the impact this has had on subscribers. It is always easier to blame a bigger enemy (or create a new one) rather than to admit it's a structural problem. Therefore, you avoid short term pain...whatever the cost. The real question is if and when this situation will lead to social unrest... PART 4/4 - INTELLECTUAL CAPITALISM: The depth and width of jobs impacted by AI will continue to increase in the future. Now this will not necessarily happen straight away. However, our transition from commodity capitalism to intellectual capitalism is inevitable and the people and nations who fight against this trend will be on the wrong side of history. From a practical investment perspective, and disclaimer this is not investment advice, network effects are a crucial aspect to consider moving forwards. Essentially, this means that the value of the network increases with each additional user - all of the tech monopolies have exhibited this property. An asset which could in time demonstrate very strong network effects is Bitcoin. Looking at the market cap relative to other asset classes, Bitcoin provides an asymmetric investment opportunity. Only time will tell... https://www.youtube.com/watch?v=7nFbKzt-uwE
Hello, first time poster here. From what I can tell, there is significantly less entrenched orthodoxy applied to how monero does things compared to other cryptocurrency. Its the only one with ASIC resistance, has a dynamic block size, is willing to contemplate the concept of linear inflation rather than treating it as an unholy abomination, etc. In general you guys have done a lot better of a job keeping down transaction fees compared to bitcoin, and as a whole are more inclined to plan for monero as an actual medium of exchange rather than a perpetually deflationary get rich scheme. With that in mind, I have a few questions:
In the event adoption of this cryptocurrency gets large enough that it ends up putting strain on the current dynamic block size status quo, what's the precise point at which you'll change how things operate in order to prevent a centralization crisis from an excessively large blockchain? What sort of exact security issues/etc prevents things like the lightning network from currently being options for this scenario?
While to a large extent price stability comes from a sufficiently deepened pool of liquidity, as has been seen with recent trends in bitcoin's price, one thing I've got to wonder about is if things such as block rewards and transaction fees can be dynamically adjusted, akin to a more democratic central bank if you will, such that monetary tightening and loosening can be done?
A lack of commitment to permanent deflation would obviously hurt monero's market capitalization, but arguably that's not a particularly important metric compared to transaction volume. https://finance.yahoo.comyahoo-finance/watchlists/crypto-top-volume-24h Despite basically being a dubiously backed centralized "cryptocurrency", tether still sees a significant amount of transaction volume purely due to its utility as a unit of currency pegged to the US dollar. Now, while I'm sure precise information on monero's own true transaction volume is under-reported due to strong privacy protections in conjunction with low fees, tether does serve as a reminder for how much demand there is for stability. Obviously its significantly more difficult to do contractionary monetary policy than inflationary, but would something like say, a decentralized dynamic peg work, where holdings of bitcoin/etc are bought and sold by a digital entity controlled by the miners work in order to stabilize monero? I'm just spitballing thoughts here though and I know there might be potential issues related to chain analysis. If you have any other good reasons why this is a bad idea please feel free to let me know. Thanks!
What is the value of Bitcoin? It’s a question that’s been asked since the innovative asset first appeared on message boards, and it’s only persisted as its value and usage has grown. But while one definitive answer to this question remains elusive, that doesn’t mean it’s not worth exploring. In fact, examining this question in all of the many ways it can be answered can help savvy investors and traders clarify their own notions of value. In a new report entitled “Bitcoin & Intrinsic Value,” Kraken Intelligence, our team of analysts, attempts to provide just this perspective, summarizing where believers and skeptics stand in the debate and analyzing how different definitions of value might be extended to bitcoin. In the report, we examine the value of Bitcoin through all of its potential lenses, including:
Stock and Bonds – Some of the most widely owned assets, stocks and bonds are considered valuable as they offer access to cash flow. But how does Bitcoin have value without its own stream of value? And what is a Bitcoin owner entitled to in a world where anyone can fork its open-source code? We explore these questions and more.
Intangible Assets – With other investing opportunities, one may benefit from asking, what makes this opportunity unique? In the case of Bitcoin, we explore how its inherent properties like computational security, immutability and censorship-resistance may help solve the question of what makes it valuable.
Commodities – Bitcoin may lay claim to a position as a digital gold, but what of its claim as a digital commodity? In this section, we’ll explore how Bitcoin’s utility as a commodity can make it valuable for a wide range of potential services where dollars are used today.
Uncorrelated Assets – There’s a good reason believers aspire for Bitcoin to fulfill this definition – uncorrelated assets can have a big impact on portfolios. Through this lens, we explore Bitcoin’s relationship with gold and the S&P 500 in order to assess its value.
In our full report, we explore this question further, applying common valuation models from the world of real estate, collectibles and fiat currencies. DOWNLOAD FULL REPORT HERE.
You Should Know: Tax authorities have been gathering records from crypto exchanges. You may want to sort out your taxes before they audit you.
Before you downvote me for even mentioning taxes, please hear me out.
I get it. We hate to acknowledge it. The laws are outdated and unfair in most countries and why should I pay taxes if I haven’t sold crypto back into fiat? I’m not here to tell you whether or not you should pay taxes on crypto or not, I’m just here to let you know the following:
Tax authorities around the world have been making exchanges hand over data on who has been buying and selling crypto.
The following countries have recently been going through this data and auditing cryptocurrency holders. United States: https://www.investopedia.com/news/bitcoin-tax-looms-irs-orders-coinbase-turn-over-user-data/ Australia: https://www.abc.net.au/news/2019-04-30/ato-ramps-up-data-matching-in-cryptocurrency-crackdown/11059446 New Zealand: https://nz.easycrypto.ai/blog/inland-revenue-info-request-to-nz-crypto-companies-sept-2020/ This is not an exhaustive list. Other countries will be doing the same and if you haven’t paid taxes yet I suggest you do some research into what the laws are and if your government is auditing cryptocurrency buyers and traders. If you pay taxes now, you will avoid bigger fines which are given for not disclosing your gains in crypto. How do I know if I need to pay taxes? It is fair to assume that if you have made any crypto trade where the value of your crypto when making this trade is greater than when you bought your crypto then you should be researching what your tax obligations are. A trade includes crypto to crypto trades such as selling BTC for ETH in most countries (it doesn’t have to be back into US Dollars or your local currency). For example, if you bought 1 BTC for $5,000 and traded that 1 BTC for ETH when BTC was worth $10,000, then you have made $5,000 in taxable income in most tax jurisdictions. However, this is not the case in all countries, so you should research your local laws to see if this applies to you. Anyway, I hate to even discuss this because I think that most crypto tax laws are unfair and outdated but that doesn’t change the fact that at some point you will have to pay them. Ultimately, I would rather pay them now rather than have to pay them later with extra fines and fees for not paying them on time.
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
First of all the time period I am looking at is 15-20 years from now. So nothing is expected immediately. The US is turning its stance over legal marijuana and is tilting towards full acceptance at Federal level. Although this year's election is pivotal but it is in no way decisive just yet. US, too, needs at least 5-10 years to fully achieve that acceptance at Federal level. However, many companies have already started investing in this industry and are heavily monitored by the investors. Just like Bitcoin, there will be many millionaire stoners in 10-15 years. What I am looking at is the trickle down effect in other countries and see if there is also any grassroots movements to start the legalization process. I know India has a love-hate relationship with weed. On one hand it is very sacred and on the other hand most people fear it. I am not just talking about smoking weed for leisure. The more important factor for legalization is the therapeutic and medicinal aspects. There is great amount of scientific literature coming out in recent times which clearly says that use of weed for depression and as pain killers has more positive results than using the existing opiod-like pharmaceutical drugs. Also, just to mention on the recreational side - Phillip Morris has announced that they will move towards weed based cigarettes in future. They have already invested $2.4 billion dollars in this industry. I think I believe in this path and looking to see if anyone here has thoughts on this industry here in India?
As an ignorant 25 year old military member who makes some cash on the side crafting leather goods for people, I want to know: At what point do I have to start paying taxes on my cash earnings? Also, why isn't taxation theft?
Really though, why isn't taxation theft? Is it because I do my transactions in US dollars? Is it because I'm using the US government's notes as a mechanism for my personal transactions? In doing so, do I inherently agree to share my earnings with them? What if I conducted my personal transactions with bitcoin, are they entitled to my personal earnings then? DISCLAIMER: I'm not saying I believe in complete laissez faire, unchecked capitalism, in fact, I tend to lean to the left of center when I take political compass tests. I'm just starting to think about these kind of thing now.
The greatest wealth transfer of this century! An analysis: British-US-Chinese Empires: Gold, Silver, Bitcoin, Ethereum!
"Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!" Let's embark on a journey that made the United States the number 1 economy of the world.
1. Despite the British Empire's claim that it would for ever remain the leading empire,history can serve as a harbinger for what's to come...
At the peak of its power, in 1913, "the empire on which the sun never sets", controlled 25% of the planet's land mass and about the same percentage of the world's population. Britain was both the naval an imperial power of the 19th century, and between 1812-1914, its dominance resulted in relative peace in Europe and the rest of the world. The industrial revolution transformed Britain into the workshop of the world. By the start of the 20th century things changed as both Germany and the United States started to challenge Britain's economic and influential leadership. As often happened during human history such challenging lead to war and although Britain achieved its largest territorial influence after WW1, the war had destroyed much of its economic strength, with losses in industrial and military power marking the begin of its demise. During WW2, Japan occupied Britain's colonies, and after WW2, India, Britain's most valuable and populous possession, achieved independence. Much of the British Empire's influence is now enshrined in the Commonwealth Charter, stating shared values like democracy, human rights and the rule of law. The United Kingdom's pound sterling was its world's reserve currency during its reign and by controlling the supply of money, Britain was able to influence its global power. "Permit me to issue and control the money of a nation, and I care not who makes its laws!"Mayer Amschel Rothschild
2. The US Empire repeats this blueprint by claiming the U.S. Dollar's reserve currency status as its birthright!
The Federal Reserve Act. The Panic of 1907 triggered many American's belief that The Federal Reserve Act, passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913, was necessary for financial and economic stability. The law created the Federal Reserve System, the central banking system of the United States. The Bretton Woods System. The FED ended immobile reserve issues and the inelastic currency problems and successfully internationalized the U.S Dollar as the global reserve currency. The usage of the prior nationally used U.S. Dollar expanded a first time when the Allies agreed to the terms of the Bretton Woods System, establishing the rules for commercial as well as financial regulations among the United States and its allies. Canada, Western Europe, Australia and Japan accepted the U.S. Dollar, which was backed by a gold exchange standard, making the U.S. Dollar "as good as gold". This was only possible because the United States controlled two thirds of the world's gold reserves. Soviet representatives, who claimed that institutions like the IMF and the International Bank for Reconstruction and Development (IBRD) were Wall Street branches, didn't participate in Bretton Woods and later proved to be right, as the United States printed too much money (not backed by its gold reserves) to wage war on Vietnam, destroying a big part of the value of the U.S. Dollars held by its allies, due to the inflation of the U.S. Dollar money supply. Yet, the initial demand for U.S. dollars created the American way of life: a consumer driven economy fueled by products made outside the U.S. in return for U.S. Dollars. As the Allied countries couldn't really buy any "Made in America"-products, due to the fact that the United States' elites rather outsourced their manufacturing, they instead invested their hard labor into U.S. Treasuries. On August 1971, President Richard Nixon announced the unilateral cancellation of the direct international convertibility of the United States dollar to gold, in a response to halt the Allied countries' continuous attempts to exchange their U.S. Dollars for Gold. By 1973, the Bretton Woods system was replaced by the current freely floating fiat currency system. The petro dollar system. The second wave of U.S. Dollar adoption was the result of the petro dollar, making the global trade of oil U.S. Dollar denominated. Every country on this planet needed and still needs oil to operate and grow its economy, creating an enormous growth in U.S. Dollar demand and like mentioned before, those dollars had to be earned. Especially China served the United States consumer model by producing almost everything Americans can buy in Wall Mart and other stores. By relying on the U.S. Dollar reserve currency status, the American elites have made the mistake of outsourcing manufacturing to China, as often predicted by Donald Trump in the 1980's. The y figured it was easier to just print wealth. The tradewar. President Donald Trump, decided it was time to bring jobs back to the U.S. and started an ongoing trade war with China, the country that supplied the U.S. consumer driven economy, and proud owner of $1.07 trillion in Treasury holdings. The trade war has negatively impacted the economies of both the United States and China and will most likely result in the decoupling of both economies. What is to come? My personal insights. I see huge problems for the U.S. and the rest of the western liberal democracies. But especially the United States, who's currency amounts to no less than 60% of all the world's reserve assets, is vulnerable if and when China who only accounts for 1 or 2 %, says it is time for change. Most likely we will experience another banking crisis, with or without Covid-19, and unfortunately a bigger one when compared to the 2008 dissaster. Did you know that the global debt tripled since then? Many economists and politicians advocate the end of the U.S. Dollar reserve currency system and predict a reset. Every financial system has a limited lifespan similar to a human live: it is created, it grows, it matures, and unfortunately, it ages, weakens and dies. It happened to the Brittish Pound Sterling, and I am afraid that the days of this financial hegemony are numbered as well. And I did write "afraid", why? History tells us that these transition periods are particularly dangerous and have often led to full-blown military conflicts if not world wars. The current wealth transfer, the result of manufacturing outsourcing to mainland China, impoverished the United States and destroyed its middle class. President Donald Trump's analysis that the U.S. needs a strong manufacturing base is correct, yet without its allies the United States will not be able to turn the tide. It took China decades to build its manufacturing base, and President Trump doesn't have the privilege of having the political luxury to design five year plans, as the United States capitalistic and political model specializes more on presidential campaigning and less on economic planning, which is exactly China's strength.
3. The Chinese 'digital' empire.
China is ideally positioned to become the new global power: it produces many of our products and dominates most supply chains. It has been hoarding gold and mines most of the Bitcoin. It might just have the right reserve assets to back its DCEP, the digital Yuan, which will be pilot tested during the 2022 Winter Olympics hosted by China. Despite the fact that the United States and other western nations might not want to adopt the Yuan or allow it to be part of the world's reserve assets, China can demand payment in Yuan for its products. It's that simple! This is why outsourcing is such as stupid economic voluntarily yet fatal policy. If you only print money and don't produce goods, how long will the world play ball? One of the results of Trump's trade war is that China and other countries such as Russia and Iran no longer want to be vulnerable to U.S. sanctions that come in the shape of being denied access to the financial system through Swift. The United States can indeed destroy a big part of Iran's economy, but Iran is now becoming a big cryptocurrency player. In other words, bullying those countries might work in the short-term, but in the long-term they will simply adopt a new standard: and I believe that the Yuan will likely play a major role in the financial system they will adopt. This trend means that the expansion of the demand in U.S. Dollars will stop and reverse, when countries no longer want to use the currency whose issuer can economically destroy them through sanctions. The alternatives for such countires are cryptocurrencies like Bitcoin, Ethereum and many others, national CBDC's (Central Bank Digital Currencies), and the adoption of the digital Yuan. This digital Yuan will be attached to the One Belt, One road initiative, finding adoption whilst developing huge infrastructure projects that will lead to a Eurasian trading zone. If the U.S. Military leaves the Middle East, as Trump brings home troops, this will create the right conditions for China to emerge as the victor.
4. Surveillance Capitalism - Insights on the DCEP (Digital Currency Electronic Payment, DC/EP):
This centralized digital financial system works on blockchain and cryptographic principles and aims to increase the circulation of the RMB, in the hope it can become a reserve currency like the U.S. Dollar.
Created and sanctioned by the Chinese Government, it is the only legal digital currency in China.
The system offers Chinese regulators better monitoring abilities and will be an efficient tool against anonymous counterfeiting, money laundering and illegal financing. At the same time it reduces costs involved in maintaining and recycling bank notes and coins.
As mentioned above, China aims to bypass Swift, which it regards to be a U.S. entity, and will be able to collect real-time data related to money creation, bookkeeping, essential information for the implementation of monetary policies.
The pilot institutions for DCEP, China Construction Bank, Agricultural Bank of China, Bank of China and Industrial and Commercial Bank of China, will serve as a production test for China's new currency system, after which the DCEP will be distributed to large fintech companies such as Tencent and Alibaba to be used in WeChat Pay and AliPay. Transfers will not go through bank accounts, but through electronic wallets.
By mandating that all merchants who accept digital payments must accept DCEP, the DECP will become the most accepted digital currency in the world.
5. Sings of hope.
If the United States adopts blockchain and issues a CBDC (Central Bank Digital Currency) backed by Bitcoin, they will have a reasonable chance to offer the western democracies a new type of dollar standard that can be an anchor versus the coming RMB. If not, I fear the worst is yet to come for the U.S. Dollar and its economy. Many smart American economists and Wall Street goeroe's have finally figured out the remarkable strength of Bitcoin, the world's first and most favorite digital form of gold. Some of the smartest investment capitalists like Ray Dalio and Warren Buffet have allocated more money into gold, a clear sign of trouble. Bitcoin might be a step too far for Warren Buffet, but rest assure that Wall Street investment management companies have figured it out by now, have you? You can expect more institutions to allocate a % of their portfolio's wealth into Bitcoin and other cryptocurrencies, as a hedge against the systemic risk in our global financial system, which will inevitable start feeling the effects of the trillions that have been printed. "Inflation makes you pay 50 dollars for the 20 dollar haircut you used to get for 5 dollars when you had hair!"
The page provides the exchange rate of 1 Bitcoin (BTC) to US Dollar (USD), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 Bitcoin (BTC) to US Dollar (USD) from Wednesday, 07/10/2020 till Wednesday, 30/09/2020. You have currently selected the base currency Bitcoin and the target currency United States dollar with an amount of 1 Bitcoin.In the menu, you can select the desired exchange rates of about 160 ... The starting point for the forecast was chosen when the Bitcoin cost more than 10 dollars for the first time. Based on the forecast, a Bitcoin will reach one million dollars by 2028 at the latest. I think that 1 million is also the limit around that the price will oscillate at the end. -- 3. What are the costs for producing a Bitcoin? The Kitco Bitcoin price Index provides the latest Bitcoin price in US Dollars using an average from the world's leading exchanges. BTCUSD charts and quotes by. Bitcoin in Various Currencies. Other Cryptocurrencies vs Bitcoin. Bitcoin Basics WHAT IS BITCOIN? Bitcoin is a digital currency, which allows transactions to be made without the ... Convert 1 Bitcoin to US Dollar. Get live exchange rates, historical rates & charts for XBT to USD with XE's free currency calculator.
Can Bitcoin Reach $1 Million by 2020? -Realistically
Different video style, may be doing stuff like this occasionally enjoy it pls Does Bitcoin pose a substantial threat to the US economy? What about American currency internationally? The US Dollar serves as the global standard. We look at the ways BTC is viewed as both a ... A technical analysis of Bitcoin USD including possible future price targets. Can Bitcoin ever be worth 1 Million Dollars? Why, sure it can. If this one event happens - it will send Bitcoin up to the 1 million mark. Many people totally did not understand what John McAfee meant. Many people puzzle over how or why Bitcoin could possibly be a good addition to your portfolio. But what about USD - is it a smart thing to “buy” and hold? In this video, we discuss some key ...