‘Buying Bitcoin Is A Fool’s Game’, Says Economist Steve Hanke

Bitcoin is not a currency, Prof Steve Hanke warns

Bitcoin is not a currency, Prof Steve Hanke warns
We can't blame Bitcoin for the negative trend it has undergone in recent weeks because the crypto market is currently being rocked by volatility. Volatility in the crypto market is the phenomenon used to describe the unpredictable fast movements of assets in the market. Considering the coronavirus pandemic, it has further deepened the volatility of the digital asset.

Bitcoin needs to break out of $10,000 resistance to make a surge

Looking briefly at the buying and selling pressure indicator, the crypto index is being said to be stuck in a negative zone and currently heads away from the 400 level that acts as its point of resistance. After trying on numerous occasions to break past its resistance $10,000 resistance level, Bitcoin needs to be able to break past the level to be able to make a bearish move in the market. One of the major factors affecting Bitcoin is the sell-off that happened on March 12 after it witnessed a price reduction by half. Dubbed as the Black Thursday, Bitcoin went from a little bit over $7,000 to sell at around $3,000.

https://preview.redd.it/miezh8epzz651.png?width=1143&format=png&auto=webp&s=54644b3b17c60fe8aa91f0e80a9bfa6f33f79dbc
Talking about the recent disappointing performance of the coin, investor and analyst at Panda, Edward Moya said;
“Bitcoin continues to consolidate in what many crypto fans are calling the typical accumulation phase that occurs after a halving event. The coin has struggled “despite an overall resilient appetite for risky assets."
Moya further noted that if this trend continues, it would force most small scale miners out of the Bitcoin network as they would not be able to make a profit as a result of the halving of the rewards.

Bitcoin is not a currency, Prof Steve Hanke warns

Reacting to the recent disappointing performance by Bitcoin in the crypto market, Prof Steve Hanke noted on Twitter that Bitcoin should not be confused as a means of legal tender because it is very speculative in nature.

https://preview.redd.it/eodz0tmuzz651.png?width=598&format=png&auto=webp&s=2c2bbc1253b9d89876f91d3dd7075d516d4f4f88
This is not the first time an influential figure is criticizing Bitcoin, as far back as 2019, Economist Nouriel Roubini said that he would gladly take the dollar over Bitcoin because he does not believe that it is a real store of value. Giving his take on Bitcoin, the Economist said,
"Maybe Bitcoin is a partial store of value but it’s not a unit of account, it’s not a means of payment, it’s not scalable [...] despite its rally earlier this year, it’s lost 60% in value since its peak, so I don’t see it going anywhere frankly."
Buttressing the point of Roubini, Billionaire, Warren buffet claims that Bitcoin is an illusion because it holds no real store of value.
“If you do something phony by going out and selling yo-yos or something, there’s no money in it — but when you get into Wall Street, there’s huge money," the billionaire said.
Conclusively, most people believe that Bitcoin is a good venture, while others have a not so good perspective of the leading cryptocurrency. If Bitcoin continues on this spree and does not experience a major breakout soon enough, most traders would be forced to look elsewhere which is not a good thing for the venture. In the long term, Bitcoin could still make the surge but, in the short run, nothing is sure as of now.
submitted by Bit2buzz to CryptoCurrencyTrading [link] [comments]

Crypto Research expects multiple Bitcoin growth by 2025–2030

Experts from Crypto Research predicted how many years investors should wait for a multiple increase in the rate of the first cryptocurrency and what would happen to altcoins in this case.
Bitcoin can rise up to $341 thousand by 2025, and up to $397 thousand by 2030. The calculations are based on the concept of the total volume of target market (Total Addressable Market), which includes money transfers, offshore accounts, savings, online transactions, cryptocurrency trading, blockchain games, consumer loans, reserve currencies, etc.
The researchers are sure that in case Bitcoin grows, altcoins will also rise in price. According to their forecasts, in five years the Ethereum rate may rise by 1,500% and exceed $3,500, and the cost of Bitcoin Cash – by 3,000%, up to $6,700. The greatest growth is expected from the Stellar token (XLM) – by 3800%, to $2.40.
In March, a similar forecast was provided by analysts at the Kraken exchange. According to their calculations, the rate of the first cryptocurrency can rise to $350,000 by 2044. This will happen as soon as the younger generation invests about $1 trillion in digital assets.
According to cryptanalyst Willy Woo, a new “exponential” BTC rally could begin in July. This is indicated by his new price model of Bitcoin.
Meanwhile, a well-known Bitcoin critic Peter Schiff rules out the possibility of repeating the BTC rally. According to him, in 2020 gold will rise in price to a new historical maximum, while Bitcoin no longer has the strength to grow.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

An attempt to solve Venezuela’s Hyperinflation and economic crisis

“The bolivar has been hyperinflating since November 2016.”
“Both the government and the state-owned oil company are in default on dollar-denominated debts.”
“The economy has now been in deep recession for five years and there is no sign of recovery.”
What is Hyperinflation? (from Investopedia)
“Hyperinflation is a term to describe rapid, excessive, and out-of-control price increases in an economy.
Hyperinflation can occur in times of war and economic turmoil followed by a central bank printing an excessive amount of money.
Hyperinflation can cause a surge in prices for basic goods—such as food and fuel—as they become scarce.”
The prime example for hyperinflation that is used in almost every textbook on economics is the Great Depression which had a severe impact worldwide and took place mostly during the 1930s. But, we will come back to it later…
tl;dr: Venezuela’s economy is not doing very well and their currency is experiencing hyperinflation.
“Back in August [2018], President Maduro tried to end the hyperinflation. He devalued the bolivar by 95%, lopped five zeros off the face value of banknotes, and pegged the bolivar to the petro, the state-issued oil-backed cryptocurrency that he had created earlier in the year. The new-look bolivar is now known as the Sovereign Bolivar (VES).”
“Petro is a cryptocurrency whose price is set by government.” This means the government is just doing the same thing that they did with their fiat money – erasing zeros of the face value. But these measures did not work. Unless there is drastic monetary and fiscal reform, hyperinflation simply continues from the new base of the adjusted currency.
tl;dr: As countermeasures the government erased a couple of zeros on their money to make it worth more and created a cryptocurrency controlled by the government. But that did not stop Hyperinflation.
“Steve Hanke outlined two alternatives for monetary reform: one is to replace the bolivar with a hard currency such as the U.S. dollar, and the other is a currency board. In a strict currency board, the currency is pegged to a hard currency and backed 100% or more by reserves denominated in that hard currency, typically government bonds. Thus, all roads to sound money in Venezuela appear to lead to the U.S. dollar, though the Euro could be an alternative.”
“Unfortunately, neither dollarization nor a currency board are remotely acceptable to Maduro’s socialist government.” It would make no sense to give in to a foreign government and rely on their currency if a government wants to maintain economic sovereignty – especially if the country in question is not in favour of the current government.
Today, Venezuelans are adopting and experimenting with Bitcoin to evade hyperinflation and strict financial controls. But as much as I love Bitcoin it serves as a way to store value and is not efficient (too expensive because of its fees) when it comes to everyday transactions like buying milk – especially in a relatively poor country like Venezuela. Consequently, there is a need for a currency with low or no transaction cost that is still independent from the government.
So, as an alternative wouldn’t it make sense to have a currency board with a decentralized cryptocurrency (because a centralized CC like the petro could not prevent government intervention) that is backed by oil reserves and is pegged to the WTI oil price.
I understand that this would make Venezuela rely even more on oil and that the oil price is unpredictably volatile but it seems to be the best option.
tl;dr: The traditional monetary reforms necessary to combat hyperinflation would mean that Venezuela would have to rely on the US Dollar but they are not on good terms with the US. So, creating with a decentralized cryptocurrency that is backed by oil reserves and is pegged to the WTI oil price is the best choice.
Coming back to the Great Depression to spice up this think tank (which I hope this post will turn into; relating to the think tank btw and not a Great Depression… hopefully) even more.
There are many economic theories to combat (hyper-)inflation and an economic depression but they keep on happening. Granted, they might have been caused my economic mismanagement and not following these theories but I would like to bring up a practical example – The Wörgl Experiment.
The Wörgl Experiment was implemented as a countermeasure during the Great Depression by Michael Unterguggenberger a socialdemocratic major of a town in Austria. His political background should not be important but mentioning this might make it more appealing to be implemented in Venezuela. Anyway, the idea was to create a local “demurrage” currency based on the free-economic-theories of Silvio Gesell (a social reformer) that would lose value if it was not used in a certain timeframe. This should bring money into circulation and encourage people to spend their money, and by doing so, stimulate/help the economy. This was executed by paper money with boxes for every month on it that showed the price that It would have in a given month. Picture
To conclude, I have read a post about the BOMB Token a “Million Dollar Hyperdeflationary Currency” and altough I understand that the idea behind it is quite extreme and „the intention [that the BOMB-Token] is not to be used for day-to-day transactions“ it goes in my desired direction, which is:
tl;dr: To create a deflating decentralized cryptocurrency with a currency board that is backed by oil reserves and is pegged to the WTI oil price.
Its purpose would be to stop Hyperinflation and stimulate the economy in Venezuela (or wherever there is an economic depression and/or Hyperinflation). I might be dreaming here but if some crazy (in a good way and with the spirit of Michael Unterguggenberger) major from Venezuela (or whoever from wherever) reads this and implements it AND it actually works – that would be awesome. So, this is an idea I would like to resurface in whatever way possible because I cannot make a cryptocurrency, I have no pull in Venezuela, I do not even speak Spanish.

So please use this idea, take it apart, criticize it, improve it and do some good with it. :)

Quotes:
https://www.forbes.com/sites/francescoppola/2018/12/31/why-venezuelas-hyperinflation-problem-is-so-difficult-to-solve/
https://www.investopedia.com/terms/h/hyperinflation.asp
submitted by pathei_mathos7 to CryptoCurrency [link] [comments]

Argentina Needs an Amputation, By Fergus Hodgson

The country needs to rid itself of Peronism as well as the peso
The Argentine peso has lost a third of its value relative to the U.S. dollar in the space of three months, and locals have been to this rodeo before. For seven decades, Argentina has addressed her social and economic problems with massive state interventionism and deficit spending, funded by the printing press. The result has always been the same: economic stagnation and inflation.
Now, Argentina has one of the least free economies in the world and some of the world’s most complicated and highest taxes. Further, the hidden inflation tax has been brutal, at 50 percent annually between 1934 and 2012.
As the Economist magazine has written, “the problem with saviors is that, sooner or later, countries have to try to save themselves from them.” Argentina has to save herself from Peronism, the legacy of the former president, military general, and “savior” Juan Domingo Perón (1895–1974). Other people may also call him a national socialist, or a fascist.
Since Argentina never became part of international socialist movements and the statism and interventionism always had a national rather than an international bent, this is what Argentina needs to save herself from.
The alternative to ridding Argentina of Peronism is more of the same. Argentine people will suffer under a gridlocked economy, and they will face more humiliation as they beg the International Monetary Fund for loans.

The Essence of Peronism

Defining Peronism can be difficult, since it stems from a politician rather than a political philosophy. It is a peculiar mix of social justice, isolationism, and deficit-driven political patronage. Perón traveled in the 1930s to Italy—then a fascist dictatorship—and learned from Benito Mussolini. On the home front, as both a minister and then as president, he formed alliances with labor unions and doled out an immense number of government jobs.
The two major manifestations of Peronism, therefore, are union dominance of the economy and a politicized central bank. In addition, centrally planned trade has jammed the ports, leading to Argentina’s score of 0.29 out of 10 for trade openness, according to KPMG. Try to send anything to Argentina and you will soon see the arbitrary delays and exorbitant import duties.
Worker strikes, often violent and paralyzing, are a national sport in Argentina—after soccer, of course—as I witnessed during my year in Patagonia. Argentina leads Latin America for the number of strikes—1,235 in 2015 alone—and the percentage of the population that participate.
The Independent Review, a journal of political economy, has published a lengthy critique of the Central Bank of the Argentine Republic. The coauthors, Nicolás Cachanosky and Adrián Ravier, note its counterproductive mandate for “social fairness” and the “fact that the [central bank] is unable or unwilling to efficiently manage the supply of currency is—or should be—undisputed.”
Given this dubious mandate of the central bank, Argentina has one of the world’s highest inflation rates, at 32 percent annualized, as documented by the Troubled Currencies Project. To rub salt into the wound, the National Institute of Economic Census for many years fabricated official inflation rates far below the real rates.
As a countermeasure, nationally mandated price freezes leave supermarket shelves empty for many products because price ceilings make it impossible for producers to supply the product at the below-market price.
The epitome of the inflation denial came earlier this decade when Argentine officials fixed the McDonald’s Big Mac price. The Big Mac Index is a tongue-and-cheek international metric that compares international price levels by comparing the price of a Big Mac in different countries. Because Argentina wanted to look cheaper, officials just fixed the price.
But the time for denial is over, and voters and politicians alike need to recognize that inflation stems directly from deficit spending.

Change Is Possible

The good news is that change is possible, and New Zealand’s liberalization of the 1980s would be an example to follow. At that time, the British colony faced a similar fiscal crisis but came out stronger than before.
The prescription need not be complicated. Consider what you do when you face your own fiscal crisis. You can double down and seek more credit—which delays and worsens the inevitable pain—or you can cut spending, work harder, and liquidate your assets until your debts are under control.
Argentina must do the latter.
The first step, necessary but not sufficient, is flexible dollarization, as advocated by Cachanosky and Ravier. They concur with Steve Hanke of John Hopkins University that the Argentine peso needs to go, to be replaced with the U.S. dollar or whatever currencies—or even cryptocurrencies—private businesses prefer. This sound money and low inflation policy would make it possible for businesses to plan and produce effectively again and would reign in rampant speculation and inflation arbitrage.
Ecuador has made the transition successfully, and removing the central bank would end elevated inflation and deficits funded by monetary expansion. Argentina has already experienced creeping dollarization, as people tie big-ticket items and contracts to the U.S. dollar. Bitcoin is also huge in Argentina, as it is used to evade capital controls and as a store of value.
The second crucial step is to make rapid-fire reforms, to make Argentina competitive on the world stage, and serious cuts to government spending. A critical ingredient will be the end of union monopolies for each industry and a freeing up of the labor market, since hiring someone in highly protective. Argentina invokes responsibilities akin to adopting a child. Unions dominate political discourse, stand in the way of economic competitiveness, and dissuade foreign investment.
President Mauricio Macri has already started to implement some of these reforms, but the unions have made every step of the way difficult and the government could not resist the temptation of using the printing presses of the central bank to cover shortfalls in revenue.
“How can Argentina do what New Zealand did?” friends once asked me on the outskirts of Buenos Aires. In other words, how can this be politically feasible?

Reason for Optimism

There is reason for optimism. Embedded political classes and protected factions are the problem, not the Argentine people. In the 1990s, they supported President Carlos Menem in efforts to undo much of the Peronist legacy, even though he had earlier run as a Peronist.
However, he presented half measures and corrupt privatization deals. He gave monopoly protections and other guarantees, such as subsidies, to the new owners and even used the one-off revenue raised from privatizations to fund social programs, rather than to pay down debts. Without deregulation or competition, the purported privatizations were pure cronyism. So the people supported the right ideas, but the president didn’t deliver.
In 2015, the people voted again for change and sound economic policy with Macri of the Let’s Change coalition. He has accepted a credit line of $50 billion from the IMF, which includes limited fiscal-austerity stipulations. However, the pending question is whether he will go all the way in attacking the economy’s structural problems.
In order for Macri to succeed, Roger Douglas, former finance minister and chief architect of New Zealand’s liberalization, says “don’t blink.” There can be no exceptions or industry favorites, and the reforms must be swift and across the board. That way there can be no claims of unfairness, and the reform leaders will continue to enjoy voter approval.
If they go down the middle way or even the corrupt way like Menem, Macri’s movement will soon falter and Argentina will fall into the old patterns of financial and economic crisis again.
submitted by justablondeguy to LibertariosArgentina [link] [comments]

DFINITY (DFN)

ICO Verdict

Difinity is a global 'blockchain computer', infinitely scalable with unlimited capacity. Dfinity is a true blockchain 3.0 project with crypto:3 and cloud:3 implementations, revolutionizing and disrupting traditional cloud hosting solutions. Dfinity is Ethereum compatible, DAPPs from Ethereum can easily be ported to the network with significant performance gains and scalability. Dfinity project has been in development for over 3 years, with top researchers and scientists from the blockchain and cryptography fields. If cryptocurrency bubble ever pops, of the few survivors left, Dfinity will definitely be one of them.
Reason to invest:
Hype Rate: Medium
Risk Rate: Very Low
ROI Rate: High
Potential Growth: Very High
Overall Rating: Very High

ICO Information

Public Fundraise (presale round)

Date: Soon (Team announced whitelisting within a few weeks, a few weeks ago)
Ticker: DFN
Token type: Native DFN
ICO Token Price: TBA
Fundraising Goal: TBA
Total Tokens: TBA
Available for Token Sale: TBA
Whitelist: TBA
Know Your Customer (KYC): YES. (Including AML)
Bonus for the First: NO
Min/Max Personal Cap: TBA
Token Issue: TBA
Accepts: TBA

Funding History

**A clearer break down was explained by a Dfinity team member in this thread
Q: The 7th Feb announcement says $100m raised in private funding, but email update says $61m - can anyone enlighten?
Sure, so the project funding is as follows: $4MM raised in the Seed Round in February 2017. After expenses and appreciation, this is roughly $40MM, held by DFINITY Stiftung. In the Strategic Round, which began in July of 2017, $21MM was raised. This is also held by the Stiftung, bringing total funding to ~$61MM As part of the Strategic Round, Polychain Capital spun up an ecosystem fund to help projects migrate to DFINITY and build new businesses on the platform. This is entirely under their management and totals $40MM.
All together this brings funding to ~$101MM. It's been reported in a number of confusing ways, but that is the actual break down.
The Seed Round was in the model of an ICO but it occurred before the actual ICO boom. Just under 25% of the network was distributed.
Fall 2016
A not-for-profit Swiss foundation is created
Feb 2017
Distributed "Seed" fundarise using Ethereum technology (~250 people, 25% token distributed)
2017-2018
Strategic fundraising round led by Andreessen Horowitz and Polychain ($61m total, $21m go toward development, $40m to Dfinity Ecosystem Venture Fund)
Feb 2018
With the Dfinity Ecosystem Venture Fund, the project has raised $101m in funding
2018
Presale round, involves contributors who can pass stringent KYC and AML, with some possible geographical restrictions
2018
The second round, may or may not happen and will be termed the "ICO"
*The team's honest approach in fundraising is quite a rare breed in today's ICO standards, their philosophy behind fundraising The DFINITY Main Round: Preconditions & Our “Don’t be Evil” Rules which gained applauses from the likes of Vitalik Buterin.

Full Review

At a Glance

Difinity is a single 'internet computer', infinitely scalable with unlimited capacity. Dfinity is crypto:3, enabling a global blockchain computer utilizing Threshold Relay chain, generating incorruptible, unmanipulable and unpredictable randomness. Threshold Relay chain addresses key attacks and vulnerabilities such as 'selfish mining' and 'nothing at stake' found in traditional PoW and PoS consensus. Dfinity is cloud:3, allowing business applications running on this computer performant with unlimited capacity, reducing human capital required in traditional IT systems, effectively cutting cost down by 90%. Dfinity introduces a new governance model, a novel decentralized decision-making system called "Blockchain Nervous System (BNS). This new design paradigm embraces "The AI is Law" (as opposed to "The Code is Law"), combing crowd wisdom and traditional AI technologies to prevent malicious smart contracts and hacks.
Dfinity was built as a complementary network to Ethereum, compatible for all DAPPs deployed on the Ethereum network, making migration easy with 50x performance improvement and unlimited capacity. Difinity is in fact often described as "Ethereum's crazy sister".

Project Timeline Overview

Jan 2014 - Pebble Project
CC for micropayments with custom BFT consensus algorithm
Jan 2015 - Dfinity Project
Infinite blockchain computer with the new idea: apply randomness (Threshold Relay Chain)
July 2016 - Dfinity Stiftung
Zug based foundation, an incubation by String Labs for organizational build-outs
Feb 2017 - Seed Fundrasing
$10 new funds for R&D
Aug 2017 - Main fundrasing (delayed until announcement)
Estimated 20M CHF cap

Crypto:3

Dfinity was formed to research ways of enabling public decentralized networks to host a virtual computer of unlimited capacity, secure, speedy, and scalable. The core approach involves adding a top-level Threshold Relay Chain that produces randomness and progresses with minimal reorganizations of the blockchain. Threshold Relay Chain creates incorruptible, unmanipulable, unpredictable randomness for a deterministic chain of randomness, unforkable and robust. At current state, Dfinity reaches block finality in about 5 seconds with 2 confirmations and low variance. Putting numbers into perspective, Bitcoin requires 6 confirmations, 60 minute finality and very high variance. Ethereum under current PoW design and network congestion, takes about 37 minutes at a finality time of 10 minutes with high variance.
Threshold Relay Chain's performance properties provide 'scale-up' gains, Dfinity further applies a three-level 'scale-out' architecture that addresses in order consensus, validation and storage, to handle unlimited computation.
Threshold Relay chain that creates a random heartbeat that drives a Validation Tree of Validation Towers in the validation layer, which does for validation what a Merkle tree does for data and provides almost infinitely scalable global validation. The random beacon also defines the organization of mining clients into storage (state) shards in the storage layer, which use their own Threshold Relay chains to quickly reach consensus on received transactions and resulting state transitions that are passed up to the validation layer. The top-level Threshold Relay consensus blockchain then records state roots provided by the Validation Tree that anchor all the storage in the network.
Dfinity is an intelligent decentralized cloud governed by the Blockchain Nervous System (BNS). The BNS has privileged access to the virtual machine to run special opcodes like freezing contracts, redistribute tokens or even run arbitrary code to reorganize the blockchain. This 'super user' can return funds and reverse the damage of hacks or programmatic errors, protecting users in case of vulnerabilities. The BNS also seamlessly upgrades the protocol on a regular basis, as opposed to disruptive 'hard forks', driving network evolution forward as quickly as possible.
Full reading on Threshold Relay Chain
The Dfinity Consensus White Paper
Full reading on Blockchain Nervous System
*Dfinity also plans to include privacy-preserving technology as seen in this tweet by Dominic

Cloud:3

Dfinity is an intelligent decentralized cloud governed by Blockchain Nervous System, recreating monopolistic traditional cloud hosting solutions such as Microsoft Azure or Amazon Web Services. The costs of owning enterprise IT systems are dominated by human capital, with redundant tasks such as configuring database, file distribution, backup/restore, load balancing, firewall configurations etc. While computing costs may be dramatically higher with Dfinity, actual cost of operation is estimated to be cut down by 90%.
Reimagine and reinvent enterprise IT, blockchains inhereit these properties making it possible
Autonomous : System without intermediaries
Verifiable : Know what code you execute
Tamperproof : No servers to meddle with
Simple : Distribution abstracted
Unstoppable : Open code and governance
Interoperability : No server boundaries
Dfinity is interoperable in that it takes a hybrid approach to private and public blockchains, users don't have hard choices to make. It is a similar design paradigm to the internet, where people have the http protocol as common meeting point while maintaining sensitive information within their local area network.
This design paradigm is emergent for the mass adoption for blockchains, there will be common services like identity validation readily availalble as a public service. There will also be more complex systems where users can simply adopt instead of rebuilding. You can have a private dfinity consortium or private instances with the ability to call into those public blockchain services, connecting these private chain instances using common blocks.
Let's further explore this with a real life example, say there's a trade financing supply system of a large manufacturer with thousands of vendors. Before their enrollment, you'll probably need to do some identity and reputation check in the public chain in order to validate their legitimacy. Next step these vendors need trade financing where they'll need more complex systems like stable coins or bank coins to avoid volatility, and move the money around. Instead of rebuilding a coin, they could just adopt a coin system within the dfinity network. In the next round there can be disbutes with goods lost or quality problems, vendors can call for public arbitration system where there'll be a network of lawyers who specialize in cross-border disbutes or arbiters to provide the service. So a chain of services that can be called throughout the life cycle, interoperable between the private and the public blockchains.

Staking Mechanism

Dfinity is a PoS (Proof of Stake) model, managed by its BNS (Blockchain Nervous System). This system is reliant on a human-controlled "neurons" (similar to masternodes in terms of staking and voting functions). In order to secure the role, users will run special client software with a delegate key, deposit fixed amount of dfinities to ensure consistency and reliability of the network, then in turn will receive economic incentives for its voting services.
People can pay a fee in dfinities to submit a proposal to the BNS, be it technical proposals like protocol upgrades or governance proposals eg. how much should be deposited to create a mining identity given the current value of DFN, this is much like liquid democracy.
Currently it takes 3 months to dissolve a neuron, client software can create a follow list (synchronous and non-deterministic to the rest of the network), which are the addresses of the neurons you follow on different topics. This captures the expertise of the community but at the same time being an opague liquid democracy, nobody knows what the follow lists are, you can't see how the brain makes its decisions.

Utility Value of Dfinities

Dfinity vs Ethereum

At a top level, Dfinity tries to stay compatible to the Ethereum network, meaning DAPPs currently running on Ethereum can be migrated to Dfinity easily, with significant gains in performance, scalability, security etc. Essentially where the name "Ethereum's crazy sister" came from.
There are some fundamental differences in design philosophy and approach to consensus agreements. Ethereum embraces the design paradigm "The code is law" where rules of the network is a result of community management. Dfinity embraces "The AI is law" where management is by the Blockchain Nervous System. Ethereum's Casper (POS) will be focused on extreme availability while Dfinity aims to achieve performance and infinite scale. In Dfinity's design, consistency and reliability outweighs availability.
A great debate on several fundamental design differences between Ethereum Casper and Dfinity's Threshold Relay Chain+Blockchain Nervous System (also part of the debate is Cosmos/Tendermint's Jae Kwon) can be watched here Proof of Stake Panel Discussion - Silicon Valley Ethereum Meetup

Team

Dominic Williams is Chief Scientist of the DFINITY project, headquartered in Zug, Switzerland, and is President and CTO of String Labs, a Palo Alto-based studio, incubator, and investor focused on advanced open protocol projects. His recent technical works include DFINITY technologies such as the Threshold Relay/Probabilistic Slot Protocol blockchain consensus mechanisms, the Blockchain Nervous System (algorithmic governance for decentralized networks), and the PHI “crypto fiat” autonomous loan issuance system.
Notable team members include Professor Timo Hanke, creator of AsicBoost. Ben Lynn, the 'L' from 'BLS' cryptography applied by Threshold Relay Chain. The team is stacked with postdoctoral researchers and scientists, they also run a scholarship program for PhD students researching secure distributed systems.

Useful Reading

Links

Video

Community

Press & Review

Due Diligence

DFINITY (DFN)

Company

Dfinity Stiftung, Zug Switzerland

Team

Dominic Williams (Chief Scientist) | LinkedIn Profile
Timo Hanke (Head of Engineering) | LinkedIn Profile
Ben Lynn (Senior Staff Scientist & Engineer) | LinkedIn Profile
Mahnush Movahedi (Senior Researcher and Engineer) | LinkedIn Profile
Paul Liu (Staff Engineer) | LinkedIn Profile
Enzo Hausseker (Senior Engineer) | LinkedIn Profile
Derek Chiang (Senior Engineer) | LinkedIn Profile
Norton Wang (Software Engineer) | LinkedIn Profile
Steve Omohundro (Senior Contributor - AI/Governance Research) | LinkedIn Profile
Robert Lauko (Contributor - Research/Community) | LinkedIn Profile

Github

GitHub

Product

Not yet, but testnet demo is available

Vesting

TBA

Additional Info

Token Allocation

TBA

Use of Proceeds

TBA
submitted by msg2infiniti to icoverdict [link] [comments]

BFFL Week 6 Projections

Quarterbacks

Pos Player Team Opponent Last Week Projection Comments................................
QB Pablo Sanchez Melonheads vs. Patriots 17 41 Oh boy, here we go. The Patriots are coming to town and that means it's blowout season! Pablo could reasonably join the 50-point club in this game.
QB Debby Nagasawa Cowboys @ Browns 36 35 Debby has been a stud. In her worst game so far this season, she scored 28 points, which is the best 'worst' game out of anyone (if that makes sense). No question about her dominance, keep her going.
QB Brett Favre 49ers vs. Bears 7 32 The most impressive part about the 49ers' 5-0 start is the fact that Brett Favre hasn't been playing that well. I think he might finally get his breakout game of the season against a weak Bears defense.
QB Holly Franklin Giants @ Titans 17 29 After two disappointing weeks to start the year, Holly has found her niche. It could all culminate with a juicy matchup against the Titans. This could be Holly's chance to shine.
QB Rich Gannon Packers @ Monsters 13 27 After 50 points in the first two games, Rich has only 26 points since. However, the Monsters towards the bottom of the league in yards allowed and just allowed 31 points to the opposing QB. Rich could get richer.
QB Steve McNair Raiders vs. Ponies 42 27 Steve's worst game this season is 23 points, which is pretty dang good. No matter what defense is thrown his way, he'll respond. Keep him in your lineup.
QB Chuck Downfield Texans vs. Colts 20 25 Ah, yes. The matchup Chuck has been waiting for. The Colts have the worst pass defense in the league and all the Texans do is pass. If Chuck can limit the interceptions, he could do some big damage.
QB Amy Bostwick Vikings @ Rams 24 25 You know the drill. You have Amy, you start her. End of story.
QB Lulu Legosi Jets @ Chargers 31 22 Lulu was great last week, mostly because of her running ability. The Chargers are middle of the pack in both passing and rushing, so Lulu should have a more balanced game.
QB Sharon Crowe Ponies @ Raiders 7 22 Sharon couldn't get much going last week, but she's always been and up and down player. This week could be an up, as the Raiders are known to engage in high-scoring battles.
QB Judy Abwunza Eagles @ Armadillos 14 21 Judy had a down game last week, and the Eagles couldn't come away with the win. They've got another tough opponent on deck, and Judy will need to ball out if they want to win.
QB Drew Bledsoe Chargers vs. Jets 21 20 Perhaps I denounced Drew too soon. After 16 points in the first 3 games, Drew has rebounded with games of 22 and 21. He's starting to regain his form. The Jets pose a bit of a challenge, but I think Drew is hot right now.
QB David Wilco Falcons vs. Wombats 28 20 The Wombats defense gives up a lot of yards, and most of those are from rushing. David might record more rushing than usual, which racks up stats more quickly than passing.
QB Betty Houstan Monsters vs. Packers 16 20 Betty has been a decent fantasy quarterback despite her lack of rushing attempts. She's fourth in the league in passing yards and has 12/2 TD/INTs. She's been excellent and should keep it going against the Packers.
QB Debra Hannigan Steelers vs. Hornets 23 19 Debra looks like she had a good game last week, but it was mostly rushing yardage; the Steelers still lost 27-6. Debra keeps faltering against bad teams. She needs to not hold back.
QB Sally Dobbs Armadillos vs. Eagles 31 16 Sally spent all afternoon tearing up the Texans' defense, but the Eagles won't be as easy. Sally has been good but has limited potential here.
QB Matt Monday Wombats @ Falcons 11 16 After 5 weeks, would you believe that Matt Monday is leading the league in passing touchdowns? I couldn't either. But the Falcons could allow Matt to lengthen that lead.
QB Ben None Colts @ Texans 36 15 Ben None is the top fantasy scorer after 5 weeks with an even 200 fantasy points. However, the Texans are notorious for stopping the run and will force Ben to pass. I think this severely limits his chances for another huge game.
QB Zena Fromme Bears @ 49ers 32 14 If only you could rollover points. I don't think Zena will be able to find the passing success she had last week against a nasty 49ers team. Don't count on the Bears being the first team to topple them.
QB Thor Thwackhammer Rams vs. Vikings 22 14 Thor enjoyed facing the Patriots and put up the fantasy numbers he was expected to put up. This week, the Vikings will be a tougher test, but not a total disaster for Thor.
QB Bert Nicholson Browns vs. Cowboys 5 8 Bert scored 53 points in Week 1 and only has 39 points in four games since then. He's been downright disgusting. It's not going to get better this week.
QB Stuart Sullivan Hornets @ Steelers 9 7 After starting the year off with a bang, Stuart has now put up single digits in each of the last two games. The Steelers have been pretty bipolar lately, but if the good Steelers decide to show up, Stuart will stay in single digits again.
QB Dan Doorknob Patriots @ Melonheads 0 6 Dan is the most frustrating fantasy QB to own. He has two games of 30+ and two games of 0! Which version of Dan will we get this week? With a hungry Melonheads team on the other side of the ball, I'm guessing it'll be closer to 0.
QB Andy Gibbons Titans vs. Giants 6 0 I think Andy has feet where his hands should be or something. There is no excuse as to why he is this bad of a quarterback.

Running Backs, Wide Receivers, and Tight Ends

Pos Player Team Opponent Last Week Projection Comments...............................
RB/WR Florence Jackson Giants @ Titans 23 34 After four points in two games, FloJack has 94 in her last three. She might double that after this game...okay not really. But she's bound to go off against this meager squad.
WR Vicki Kawaguchi Chargers vs. Jets 34 33 Now that the Chargers offense looks competent, Vicki is even more dangerous than she already was. Keep her in your lineup!
RB/WR Stephanie Morgan Raiders vs. Ponies 27 29 Stephanie rebounded nicely after her Week 4 dud. She's clearly the favorite target and will get most of the passes thrown her way.
RB/WR Belinda Winters Vikings @ Rams 21 27 Belinda was great last week as the Vikings were actually forced to throw the ball. And wouldn't you know it, they won the game too! I think they'll stick with that game plan this weekend.
RB/WR Victor Jones 49ers vs. Bears 6 26 Victor hasn't quite lived up to his potential as the best WR in the league, but he's been pretty good. I think the 49ers will have a good game against the Bears this week, Victor included.
WR Lance Lundergaard Ponies @ Raiders 7 26 Lance's numbers have been falling off a cliff lately. He needs to return to his former self, which I think he has a chance to do against the Raiders' weak pass defense.
RB/WR Frankie McDoogle Jets @ Chargers 3 25 Frankie only mustered up 3 fantasy points and no receptions last week. I think he'll bounce back nicely, as the Chargers aren't that big of a threat defensively.
RB/WR Knuckles McGhee Cowboys @ Browns 6 24 Knuckles surprisingly struggled last week, but the Cowboys still rolled. This time around, he should easily dismember the Browns.
WR Reese Worthington Eagles @ Armadillos 16 24 Reese is still on top of the WR world, and for good reason: he's a beast! The Eagles depend on him and so does your fantasy lineup.Q
WR Maria Luna Falcons vs. Wombats 37 21 Maria is a stud and there's no reason to believe that won't continue against a so-so Wombats defense.
WR Rainbow Callahan Melonheads vs. Patriots 20 21 Rainbow has been a consistent producer for the Melonheads, and she' in line for a lot of action as the Melonheads are sure to destroy the Patriots.
WR Evan Lindstrom Monsters vs. Packers 12 20 If it weren't for that unexpected zero in Week 3, Evan might be the leading receiver in the league. As it stands, Evan is the man among Monsters. He's a good play here.
WR Mindy Weaver Steelers vs. Hornets 5 19 Mindy has had three straight duds, what is going on!? I think this is the week she brings it back, because the Hornets have an awful pass defense.
WR Cade McNown Giants @ Titans 11 18 The Titans will give up points to just about anybody. I think Cade McNown will have his best game in quite some time.
WR Jorge Garcia Texans vs. Colts 14 18 Jorge is not going to go off very often, but against this weak secondary, he should be able to get his fair share.
WR Georgette Washington Wombats @ Falcons 28 18 Georgette has dropped 20+ in every game except one. She's been a stud for the Wombats and your fantasy team.
RB/WR Yasmin Kristov Steelers vs. Hornets 10 17 Yasmin has been consistent, scoring double digits every game. She should keep it going because Debra loves to throw to her.
WR Dwight Frye Cowboys @ Browns 15 17 Dwight picked up Knuckles' slack last game, but in this matchup against the Browns, everybody will be firing on all cylinders.
WR Patsy Clinehurst Ponies @ Raiders 17 17 Patsy has really burst onto the scene the last few weeks, and I think she's shown that she's the real deal. The last test is showing us that Lance and Patsy can co-exist in the same offense.
RB Horace Young Colts @ Texans 2 16 Horace Young is getting the start against the Texans which means he could run wild! He's a nice stream if you need a RB.
WR Baloney Maloney Bears @ 49ers 28 16 Baloney was fantastic last week, but the Bears offense should take a hit as they face a tough opponent. Baloney is probably still start-worthy, but don't expect an outburst.
WR Neal Smith Colts @ Texans 15 16 Neal Smith is the main target and will finally get a lot of looks now that the Texans will shut down the Colts run game. He'll get several points just based on the volume of receptions.
WR Kenny Kawaguchi Melonheads vs. Patriots 6 16 After totaling 36 fantasy points Week 1, Kenny only has 21 points since (including two shutout games). However, with the Patriots on the horizon, everybody on the Melonheads is sure to see some action. I like Kenny in this one.
WR Nutzy Nussbaum Rams vs. Vikings 19 16 Picking which Rams receiver will do better is like predicting Bitcoin prices. I think both of them might do okay, but who knows.
WR Terrell Davis Rams vs. Vikings 16 16 Picking which Rams receiver will do better is like predicting Bitcoin prices. I think both of them might do okay, but who knows.
RB/WR Armon Hammerstein Armadillos vs. Eagles 42 15 Armon had the game of a lifetime last week. However, the Eagles have the speed to keep him in check, unlike the Texans.
WR Omar Stephano Hornets @ Steelers 5 15 Remember when Omar was the top WR in the league? Yeah, now Stuart can barely throw him the ball. Omar is useful since he's the most likely player to get a touchdown, but the Steelers might prevent everyone from scoring.
RB/TE Tony Delvecchio Cowboys @ Browns 18 14 Tony has been creeping up the ranks of fantasy tight ends. I think a soft matchup against the Browns is another one that he and the Cowboys will exploit.
WR Susie Townshend Wombats @ Falcons 7 14 Susie has had her ups and downs, but she's one of the best second receivers in the league. She's always worth a look, especially if Matt Monday continues to lead the league in touchdown passes.
WR Tiffany Bosworth Eagles @ Armadillos 14 13 Tiffany is clearly behind Reese in terms of production, but she's no slouch. Despite scoring less than Reese every week, she's scored double digits 3 times.
RB/TE Mohammed Springsteen Melonheads vs. Patriots 10 12 Mo has surprised us as a good tight end this season. He could reach the end zone again as the Patriots will hand out touchdowns like free samples.
TE Marky Dubois Texans vs. Colts 19 12 Marky is the man and he has finally regained his position as the top tight end. Keep him in your lineup.
WR Pinky Purton Bears @ 49ers 10 11 Pinky has put up at least 9 points each game, but her highest output is only 18. She's very consistent but will never carry your team to victory single-handedly.
WR Lola Linkletter Vikings @ Rams 7 10 Lola hasn't quite replicated her 37 point outburst from Week 2, but she's been decent here and there. Her worth is mostly dependent on touchdowns.
RB/WR Jimmy Rockfish Packers @ Monsters 14 10 Neither of the Packers' receivers have been very consistent this season, and the Monsters just held Frankie McDoogle to three points, so this concerns me a little.
RB/WR Mikey Thomas Texans vs. Colts 11 10 Fun fact: Mikey is the only person in the league who has passing, rushing, and receiving yardage!
TE Kimmy Eckman Texans vs. Colts 2 10 Kimmy was only able to catch a single pass last week, but the fact that she never gets a zero is reason enough to keep her as your tight end.
WR Cullen Sullivan 49ers vs. Bears 0 10 Cullen has been awful this season. If there was ever a time for him to show up, it would be against a weak defense like the Bears. But proceed with caution.
WR Stinky Steiner Chargers vs. Jets 8 10 Stinky has yet to hit double digits, mostly because he has yet to score a touchdown. Will this be the week he breaks the seal?
WR Austin Carpenter Packers @ Monsters 13 10 Neither of the Packers' receivers have been very consistent this season, and the Monsters just held Frankie McDoogle to three points, so this concerns me a little.
WR Amir Khan Raiders vs. Ponies 3 10 What happened? After 70 points in the first three games, Amir has 3 points in the last two games. Maybe opposing defenses have figured out who to stop.
WR Ronny Dobbs Texans vs. Colts 0 10 Ronny was held without a catch last week, which will happen from time to time against a tough opponent. However, the Colts give up a lot of passing yards, so everybody might get a chance to perform this weekend.
RB Winky Wojohowitz Rams vs. Vikings 0 9
RB/TE Travis Diamond Monsters vs. Packers 4 9 Travis had a down week after a few good performances. He's pretty boom or bust, and therefore hard to predict.
TE Needle Haystack Bears @ 49ers 15 9 Needle has finally proven why he's a valuable tight end. Unfortunately, he's about to run into a tough opponent. His success will be dependent upon a red zone touchdown.
TE Jevon Kearse Chargers vs. Jets 14 9 Jevon, like the entire Chargers offense, is starting to find his groove. He's becoming more and more dependable as a fantasy tight end.
TE Junior Seau Ponies @ Raiders 4 9 Junior has had one big game this season, and just little pieces of yardage here and there. Against the Raiders, there are lots of receiving yards to be had, and Junior could get some of them.
RB Greg Bonnell Falcons vs. Wombats 4 8 With Greg Bonnell being a new rusher in the Falcons backfield and the Wombats having a bad run defense, it's all adding up to a potentially big day for Greg.
RB Karen Donato Patriots @ Melonheads 0 8 Karen might get some more action in this game if the Melonheads stop the pass early.
TE Craig David Falcons vs. Wombats 11 8 Craig has been a surprise player out of the tight end position the last few weeks. The David (Wilco) to (Craig) David connection is a good one.
WR Nate Kowalski Browns vs. Cowboys 10 8 Unfortunately for Nate, Bert Nicholson has been playing horribly and can't get him the ball enough times. I would wait for a weaker opponent before starting Nate again.
WR Angela Delvecchio Texans vs. Colts 13 8 Angela had her best game of the season last week, and has another chance to reach double digits depending on who the Texans decide to give their touchdowns to.
RB/TE Dmitri Petrovich Eagles @ Armadillos 0 7 Dmitri put up a goose egg last game but he could see a red zone target this week. Might be a time to gamble if you have no other tight ends.
TE Oliver Ramierez 49ers vs. Bears 0 7 Oliver has been all but nonexistent so far. Maybe if the 49ers got him more involved, their offense would work better.
TE Tom Getz Hornets @ Steelers 11 7 If the Hornets get the ball to Tom a little more, they might have more chances to win.
TE Leah Wayne Packers @ Monsters 3 7 If Leah Wayne was as good at football as she was at baseball, you'd win every fantasy game.
WR Liz Levin Monsters vs. Packers 16 7 I'm pretty surprised that Liz has reached double digits three times this season, although she hasn't reached 20. I'm expecting some regression eventually. It may be a game where every pass goes to Evan.
RB Marcus Weiss Giants @ Titans 0 6 Marcus could see some opportunities in the backfield in this game.
RB/TE June O'Shea Giants @ Titans 3 6 The Giants have their most favorable matchup of the year, so is this the week June finally does something?
RB/TE Ricky Williams Jets @ Chargers 13 6 The Dreadlocked Wonder finally had a good game last week, reaching the end zone. Let's hope we don't have to wait 5 weeks until the next one.
TE Jocinda Smith Rams vs. Vikings 0 6 After I heralded Jocinda as one of the top tight ends, she put up two straight zeros. Oops. I think she's gonna find herself some stats this week after a little hiatus, because the Rams need her.
WR Nickie Noodleson Armadillos vs. Eagles 5 6 Nickie had two good games but came back down to single digits. I don't think the Eagles are the opponent that will give up too many points either.
WR Amanda Craven Colts @ Texans 2 6 Amanda might not make a difference against the Texans if Ben has Neal and Horace to throw to.
WR Annie Frazier Jets @ Chargers 0 6 Uh oh, is Annie hitting her weeks-long slump like she did last season? Might be time to dump her and find somebody riding a hot streak.
RB/TE Rose Watson Steelers vs. Hornets 4 5 Rose is still well behind the other two girls on the Steelers in terms of receiving.
WR Hank Wilson Hornets @ Steelers 1 5 If touchdowns were scored with your feet, Hank might be the best in the league! But as it stand, Hank's hands aren't quite as reliable.
WR Kim Esposito Patriots @ Melonheads 4 5 Kim was unable to do much of anything last week, as was much of the Patriots team. This week could be even uglier against a tougher opponent.
RB/TE Brace-Face Brixton Wombats @ Falcons 1 4
TE Olive Hussein Armadillos vs. Eagles 0 4 Olive is too valuable of a blocker for the Armadillos (or at least, that's an explanation we can go with).
TE Karla Karloff Raiders vs. Ponies 15 4 Karla now has two games of 15 points, and 1 point in the other three games combined. Basically flip a coin with her. We got tails, that means a 0.
WR George Coleman Browns vs. Cowboys 3 4 Things aren't very fun in Brown Town. Especially when you're the second receiver on a team that can't pass the ball.
RB Kiesha Phillips Armadillos vs. Eagles 12 3 Kiesha is back to limited usage this week.
RB James Zorn Bears @ 49ers 3 3
RB George Anderson Browns vs. Cowboys 1 3
RB Andres Isben Eagles @ Armadillos 3 3 Andres has been getting a few looks each week but he's too inconsistent.
RB Hans R. Dirtywashum Titans vs. Giants 0 3 Honestly, the Titans should put Hans at QB instead of Andy. But I can't make decisions for the computer.
WR Petunia Young Falcons vs. Wombats 4 3 Petunia is still not seeing the type of volume you want from a second receiver. Maria is just too good; she's hogging all the yardage.
WR Nellie O'Neal Patriots @ Melonheads 1 3 Nellie is just too slow to find any open field against fast teams like the Melonheads.
WR Ernie Steele Titans vs. Giants 1 3 If I was Ernie, I would demand a trade. He's one of the best receivers in the league, long and lanky, with incredible hands. But the pure incompetence of this dipstick of a quarterback can't even stay upright long enough to throw the ball in his general direction. We could replace Andy Gibbons with a seesaw and just jump on the other end, sending the football flying like a makeshift catapult, and that would be a better way to get the ball to Ernie than what the Titans are doing now. Anyway, bench Ernie this week.
WR Pickles Peterson Titans vs. Giants 13 3 Pickles actually played decent last week and caught a touchdown, a flash in the pan for this fallen former BFFL star.
RB Tina Herrara 49ers vs. Bears 2 2
RB PJ Shareef Packers @ Monsters 2 2
TE Fred Sanders Browns vs. Cowboys 0 2 The Browns need Fred to block, not catch. In fact, they could probably use three Freds.
TE Judy Place Patriots @ Melonheads 0 2 Judy's place is on the free agent waiver wire.
TE J.J. Shetland Vikings @ Rams 3 2 J.J. has two more J's in his name than he has reasons to be in your starting lineup.
WR Cisco Kidd Bears @ 49ers 2 2
WR Spanky Simpson Giants @ Titans 1 2
WR Renee Matthews Jets @ Chargers 0 2
RB Jay Green 49ers vs. Bears 0 1
RB Chico Pappas Melonheads vs. Patriots 2 1
RB/TE Carlos Ocampo Titans vs. Giants 1 1 The Titans need Carlos to block, and he's not even doing that.
WR Jane Davis Chargers vs. Jets 0 1
WR Daisy Dewchester Monsters vs. Packers 5 1
WR Isaac Drummond Packers @ Monsters 5 1
WR Cory Barker Wombats @ Falcons 0 1
RB Bridget Oofar Armadillos vs. Eagles 0 0
RB Chucky Flinder Bears @ 49ers 0 0
RB Mark Epstein Browns vs. Cowboys 0 0
RB Jenny Strauss Chargers vs. Jets 0 0
RB Star Moonbeam Chargers vs. Jets 0 0
RB Mikey Tice Colts @ Texans 0 0
RB Cynthia Miller Cowboys @ Browns 0 0
RB Wing Kwan Cowboys @ Browns 0 0
RB Luanne Lui Eagles @ Armadillos 0 0
RB Whitney Singh Falcons vs. Wombats 0 0
RB Daphne Farrington Giants @ Titans 0 0
RB Ben Olds Hornets @ Steelers 0 0
RB Nestor Carpenter Hornets @ Steelers 0 0
RB Bill Larsen Jets @ Chargers 0 0
RB Esther French Jets @ Chargers 0 0
RB Eric Lebeaux Melonheads vs. Patriots 0 0
RB Cathy Benitez Monsters vs. Packers 0 0
RB Olivia Harris Monsters vs. Packers 0 0
RB Clarice Reid Packers @ Monsters 0 0
RB Wanda Hudson Patriots @ Melonheads 0 0
RB Georgia Doyle Ponies @ Raiders 0 0
RB Kate Schwartz Ponies @ Raiders 1 0
RB Dolores Lucio Raiders vs. Ponies 0 0
RB Fred Benson Raiders vs. Ponies 0 0
RB Jay Canasta Rams vs. Vikings 0 0
RB Ray Tran Steelers vs. Hornets 0 0
RB Wendy Harmon Steelers vs. Hornets 0 0
RB Stan Olafson Titans vs. Giants 0 0
RB Dante Robinson Vikings @ Rams 0 0
RB Pete Montoya Vikings @ Rams 10 0
RB Marcie Mallow Wombats @ Falcons 0 0
RB Shermie Shannon Wombats @ Falcons 0 0
TE Lisa Crocket Colts @ Texans 3 0 Lisa will be relegated to blocking duties against the Texans.
WR Sugar Stone 49ers vs. Bears 0 0
WR Ricky Johnson Armadillos vs. Eagles 0 0
WR Julio Henderson Browns vs. Cowboys 1 0
WR Joshua Marriott Colts @ Texans 2 0
WR Mickey O'Connor Cowboys @ Browns 0 0
WR Gretchen Hasselhoff Eagles @ Armadillos 0 0
WR Mike Schwartz Falcons vs. Wombats 2 0
WR Crazy-Legs Calonzo Hornets @ Steelers 0 0
WR Ashley Webber Melonheads vs. Patriots 0 0
WR Nancy Martin Patriots @ Melonheads 0 0
WR Pete Wheeler Ponies @ Raiders 0 0
WR King Kirby Raiders vs. Ponies 1 0
WR Charlotte Allen Rams vs. Vikings 0 0
WR Paul Applebaum Steelers vs. Hornets 0 0
WR Johnny Omar Titans vs. Giants 0 0
WR Lorrie Peters Vikings @ Rams 0 0

Defenses

Pos Player Team Opponent Last Week Projection Comments..............................
DEF 49ers Defense 49ers vs. Bears 19 19 The 49ers have been amazing this season on their way to a 5-0 record. They should be able to sack Zena Fromme all game long and extend that to 6-0.
DEF Cowboys Defense Cowboys @ Browns 9 18 The Cowboys defense slightly disappointed last week but a matchup against the Browns looks very promising.
DEF Giants Defense Giants @ Titans 17 18 The Giants defense had their best game yet against a pretty good offense. This week they get possibly the worst offense in the league. The G-Men could even improve upon last week's performance. They're a good streamer pick.
DEF Raiders Defense Raiders vs. Ponies 24 18 The Raiders were phenomenal last week, putting up 24 fantasy points. They could threaten a 20-pointer again, since Sharon Crowe gets sacked a lot.
DEF Vikings Defense Vikings @ Rams 9 18 The Vikings played below their standards last week, but they have a favorable matchup here. They should be one of the top defensive options this week.
DEF Jets Defense Jets @ Chargers 20 17 The Jets defense was outstanding last week, and could be line for even more greatness this week. Drew Bledsoe has been improving, but he's still sacked a lot.
DEF Melonheads Defense Melonheads vs. Patriots 10 16 Every defense circles their game against the Patriots on the schedule because they know they're gonna have a good day. The Melonheads are no different.
DEF Packers Defense Packers @ Monsters 10 16 The Packers just lost a game that they should have won, and they'll probably come out swinging to avenge it. I think their defense will bounce back this week against the Monsters.
DEF Colts Defense Colts @ Texans 11 15 The Colts get to face Chuck and the turnovers Texans this week, which could result in good things!
DEF Falcons Defense Falcons vs. Wombats 9 15 The Falcons defense isn't one of the most revered in the league, but they have a good matchup here against the Wombats. They could play beyond their means this week.
DEF Monsters Defense Monsters vs. Packers 14 15 The Monsters defense has been slightly improving each week, and had a season high 14 in their last game. Will they continue the trend this week?
DEF Bears Defense Bears @ 49ers 17 12 The Bears defense has been looking better every game. While they may give up a lot of points, the sacks and takeaways are the only things that count in fantasy.
DEF Steelers Defense Steelers vs. Hornets 1 12 Last week the Steelers forgot how to tackle and put up a league-wide season low of 1 point. They seem to choke against lesser opponents. Hopefully they’ve learned their lesson and can put the Hornets in their place.
DEF Eagles Defense Eagles @ Armadillos 6 11 The Eagles defense was overwhelmed last week by Amy Bostwick and the Vikings. This week they could be line for a few more sacks with Sally Dobbs in the pocket.
DEF Wombats Defense Wombats @ Falcons 6 11 The Wombats defense has been pretty meh this season. They haven't shown anything to convince me to start them.
DEF Ponies Defense Ponies @ Raiders 16 10 The Ponies lost a heartbreaker last week, and it was not the defense's fault. They've been pretty solid. But Steve McNair and co. have been known to torture opposing defenses.
DEF Rams Defense Rams vs. Vikings 19 10 The Rams thoroughly dispatched the Patriots last week, but the Vikings are a whole 'nother beast. It won't be another shutout, that's for sure.
DEF Texans Defense Texans vs. Colts 19 10 The Texans were able to terrorize Sally Dobbs and even score a defensive touchdown. But this week, Ben None will be too fast to sack and they'll have to rely on takeaways.
DEF Armadillos Defense Armadillos vs. Eagles 8 9 The Armadillos find themselves facing another tough opponent. The Eagles have been careful with the ball; Judy Abwunza has only thrown 1 interception all season.
DEF Patriots Defense Patriots @ Melonheads 15 6 The Patriots defense has actually been getting better lately, but I think the Melonheads might put them in their place this week.
DEF Chargers Defense Chargers vs. Jets 6 5 The Chargers have been winning games lately, but not because of their defense. The Bolts will have a hard time sacking Lulu Legosi.
DEF Browns Defense Browns vs. Cowboys 6 4 Remember when the Browns defense scored 26 in Week 1? Yeah, they've only scored 29 in four games since. Not an attractive pick here either.
DEF Hornets Defense Hornets @ Steelers 3 3 The Hornets defense could only muster up 3 sacks last week against the slow-footed Zena Fromme. This week they're facing the Steelers, and Debra Hannigan is three times as quick as Zena.
DEF Titans Defense Titans vs. Giants 6 3 The Titans couldn't stop a nosebleed if they were an extra absorbent tampon.

Kickers

Pos Player Team Opponent Last Week Projection
K Eric Lebeaux Melonheads vs. Patriots 2 5
K Ricky Johnson Armadillos vs. Eagles 6 4
K Spanky Simpson Giants @ Titans 2 4
K Hank Wilson Hornets @ Steelers 0 4
K Cullen Sullivan 49ers vs. Bears 1 3
K Jimmy Rockfish Packers @ Monsters 0 3
K Lorrie Peters Vikings @ Rams 1 3
K Marcie Mallow Wombats @ Falcons 4 3
K Amanda Craven Colts @ Texans 2 2
K Wing Kwan Cowboys @ Browns 1 2
K David Wilco Falcons vs. Wombats 2 2
K Frankie McDoogle Jets @ Chargers 2 2
K Cathy Benitez Monsters vs. Packers 0 2
K Karla Karloff Raiders vs. Ponies 1 2
K Jay Canasta Rams vs. Vikings 0 2
K Ray Tran Steelers vs. Hornets 0 2
K Cisco Kidd Bears @ 49ers 1 1
K George Anderson Browns vs. Cowboys 1 1
K Jenny Strauss Chargers vs. Jets 3 1
K Reese Worthington Eagles @ Armadillos 2 1
K Wanda Hudson Patriots @ Melonheads 0 1
K Lance Lundergaard Ponies @ Raiders 0 1
K Marky Dubois Texans vs. Colts 0 1
K Johnny Omar Titans vs. Giants 0 1
submitted by crazyei8hts to BackyardBaseball [link] [comments]

Bitcoin Media and PR

Bit redditors are complaining that Amir Taaki is a childish rep of bitcoin and needs someone more corporate, like Erik Voorhees or Trace Mayer however stop complaining on reddit and do your part.
The bit coin needs good PR and good publicity and more importantly positive Media Representation especially in Western Media.
Understand the trends.
Since bitcoin prices have skyrocketed from $30 upwards. Media agencies such as BBC, CNN have stopped reporting factual events in bitcoin such as the bitcoinica and mtgox hacks earlier to taking an editorial stance for or against it. Most outlets and newspapers have not done their research properly which shows how rushed and sensationalised journalism has become.
Tech and Business news have started to output their views also on bitcoin also highlighting inaccurate events and publicizing weaknesses such as Hacks, Bubbles and laughable bearish views. The Tech news outlets have been pretty favourable and business outlets pragmatically harsher.
Its simple.
News Agencies and Newspapers have hierarchies and therefore their editorial output is determined in a meeting even if the journalist is doing an independent piece as it still have to be editorially approved.
So quite simply if Media proprietors, newspaper and magazine editors and journalists and news anchors actually had bitcoins in their wallets, like the tech journalists have, hence why they are favourable to it, they would naturally promote bitcoins similar to how Goldman Sachs promotes the assets or derivatives they are long on. Most here are long on bitcoin so you need to make sure that Media proprietors, editors and journalists have bitcoins. This includes News Agencies, Newspapers and Magazines and Tech and business news outlets also. In addition to politicians and regulators. Find out everyone connected and send them bitcoins to get them connected. Clearly aimed at early adopters since the new guys cant send out bitcoins that they had to pay large amounts for. It may sounds ridiculous to send relatively affluent people in society bitcoins however the long term aim fully justifies this and I hope most of you read this over again if you do not understand this. These people promote their bias and interest directly and indirectly and still can appear neutral and professional. Get these guys to do our Marketing and PR without paying a PR agency millions of dollars. Just send them a few coins.
Remember Wordpress, Reddit, Mega, 9Flats, Expensify,
Of course a legitimate currency has to be used for illegitimate human vices such as Drugs, Sex, porn prostitution and Gambling.
But Food & Drink, Clothing and Shelter need to be purchased with bitcoin for it to fully function.
So contact or even flood them on email or twitter.
BBC, CNN, Reuters, AP, AFP, AlJazeera, CBS, ABC, Fox, NBC, New York Times, USA Today and Gannett, LA times and Tribune, MediaNews Group, Daily News, Sun-Times, Hearst Corp, Washington Post, Associated Newspapers, News International, GMG, TMG and Press Holdings, Bloomberg, FT and Economist, Tech like Verge, Arstechnica, Wired, TC, BGR, GigaOM, VB, Mashable, Media proprietors, CEO, Chairman, CIO, CTO, CFO, Editors, and Journalists, Also your politicians Senators, Reps and MPs, and Regulators like FinCen and others in US/EU. and finance commentators, strategists and economists - since they put out their views regularly to sheep that follow their every word even if they lie.
No point commenting this guy and that girl gave a negative view or that newspaper or blog is biased. Do something.
Go.
Bloomberg correspondent Sara Eisen, Convergex Group Chief market Strategist Nick Colas , Eurasia Group President Ian Bremmer, Societe Generale Senior Forex Strategist Sebastien Galy, Bob Rice, general managing partner with Tangent Capital Partners LLC, UBS stockbroker Art Cashin, Reuters claim Morgan Stanley and Goldman Sachs traders visiting mtgox Mastercard are watching, Steve Hanke, http://economics.wustl.edu/people/stephen_williamson, Scott Sumner, Tyler Cowen, George Selgin, Paul Krugman, Benjamin M. Friedman, http://econ.williams.edu/people/knk1, Lawrence H. White, Russ Roberts. Paypal is watching, Media Proprietors will call short now but then... Let their greed enable us.
The greed is unbelievable. http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/
submitted by catoeisen to Bitcoin [link] [comments]

BITCOIN JUST FLASHED THIS DEVASTATING SIGNAL (btc crypto ... Bitcoin Adoption Curve - We Are Still Early! Massive Price Opportunity Still for Crypto! THIS GUY PREDICTED THE BITCOIN PRICE BETTER THAN ANYONE ELSE!!! BITCOIN WORST NIGHTMARE STARTING NOW? (btc crypto live prediction analysis news price today 2019 ta) URGENT: BITCOIN IS ABOUT TO FLASH A BUYING OPPORTUNITY OF ...

— Prof. Steve Hanke (@steve_hanke) July 4, 2020. Many were quick to rebut Hanke’s sentiment. Phil Geiger, the director of product marketing at Bitcoin financial services firm Unchained Capital, responded with the image seen below. It shows gold’s price versus Bitcoin. But Steve Hanke is a different type of crypto critic. He says Bitcoin is a crazy investment, but also believes that blockchain can be implemented to create reliable and efficient assets. Hanke is an economist and professor at Johns Hopkins University and is known for his work in currency reform. Back in 2018, he suggested Venezuela should build ... — Prof. Steve Hanke (@steve_hanke) July 4, 2020. Many were quick to rebut Hanke’s sentiment. Phil Geiger, the director of product marketing at Bitcoin financial services firm Unchained Capital, responded with the image seen below. It shows gold’s price versus Bitcoin. Gold vs. Bitcoin chart shared by Phil Geiger. Chart from XE.com Professor of Economics at Johns Hopkins University Steve Hanke has joined to the number of Bitcoin opponents. Thursday, Sep 03, 2020 About Contact Press Login. BTC $10,848.01-4.130% ETH $411.74-5.520% XRP $0.262698-3.740% USDT $1.00 0.230% DOT $6.16 5.020% × News Market Learn Search Search More Hide News Blockchain News Bitcoin News Ethereum News Cryptocurrency News Market Tools Price ... • Professor Steve Hanke mocks Bitcoiners for being financially illiterate Cover image via www.facebook.com Steve Hanke, a professor of applied economics at. 11.7 C. Amsterdam. 5 October 2020. Home; News. News. Bitcoin Is for Suckers, Says Professor Steve Hanke. 5 October 2020. News . Bitcoin Technical Analysis: BTC/USD Poised For Recovery Above… 5 October 2020. News. Cardano’s Charles ...

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BITCOIN JUST FLASHED THIS DEVASTATING SIGNAL (btc crypto ...

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