Welcome to /EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. Tags: ETH, BTC, Bitcoin, Augur, REP, DGD, ICN, MRK, MKR, GNT, DApp, Turing Complete, java script, how much money, time and money, new virtual currency, contractual dispute resolution, current market cap, core value proposition, CASPER, PoS, PoW, blockchain, Poloniex, GDAX, Coinbase, Vitalik Buterin, gas, fork
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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!"
Markaccy is ushering in a New era of financial equality,transparency and fair business practices that create unique value for all end users. #Markaccy #TokenSale #ICO #bitcoin #ethereum #crypto #cryptocurrency
Markaccy is the finest project I have ever seen and having great experience with the most stronger project and its team is working very hard on this project #Markaccy #markaccy #MKCY #defi #bitcoin #ethereum #crypto #cryptocurrency
Have you gotten your MKCY token? If yes, drop your comments below. If no, why not? There are a number of reasons your tokens haven't gotten to your selected wallet. 1. Wrong wallet address 2. Unverified account 3. Distribution ongoing #Markaccy #TokenSale #ICO #bitcoin #ethereum #crypto #crypto
Essential media from your Markaccy staff for all which acquired the particular MKCY token. Make sure you verify everything for the tokens. #Markaccy #markaccy #MKCY #defi #bitcoin #ethereum #crypto #cryptocurrency
[OFFER] I will find you a set of 3 skills that you can post on r/slavelabour for cash for $8.99 (Payment:Cashapp,Paypal,Bitcoin,Ethereum)
Banner: https://imgur.com/a/zIDDmzg Are you looking to post,but just can’t decide on what exactly you can sell? Do you know yourself to at least a moderate degree? I’ll put you through a tightly focused questionnaire for an extensive diverse personal inquiry or as some could call it “subreddit career counseling.” in order to help find yours. Qualifications Its kind of just a business and marketing based adhd. I can wander around ideas and find a marketable vein in a field of possible expertise which can range from closely mundane to absurdly creative. I try to make use of trends I see to help put you on a better pedestal above the average posts; like standard editing, photoshop like tasks, and general computer or in browser based design. History I started this in hopes of not only making money but to ideally fit in this subreddit with something that could actually help others do the same. I was glad to see that it helped some people get their juices flowing and develop a skills pitch. There are alot of things people don’t really think they could sell that they could. This marks the 10th time that Ive posted the service and have honestly gotten better at it each time. Price I started doing these for a $1 as you can see in my post history, but not enough people actually decided to follow through enough at that price. Its weird how when I charged people more for it I was able to get better responsive communication. Then I got way too cocky and started to charge $15 dollars for it. Which looking back was pretty close to insane. Maybe I will get to that point eventually but for the moment I think half of it is reasonable. I think its the sweet spot. I think if you treat yourself more seriously people will too but not to the point where you can get pretentious. So thats why the price stops at $8.99. Not too far but not too less that you take the service for granted. Pay Option 2: If you don’t have $8.99 which I completely understand I can also have a pay per skill option. At $3 a skill. If you think thats too much remember you wont be paying until you and me can agree on something that feels right. I think that shows my dedication to helping you first. Your paying me for time as much as Im looking for an answer that best works for you. I wont ask for it until we've come to a conclusive skill that you think meets your own needs Everyone who has chatted with me and kept through with the process and posted has found at like 3+ upvotes on their posts, and at least 1 legitimate inquiry which if you peruse new, puts them over the average post. Clients (https://imgur.com/a/sddYPTM) (https://imgur.com/a/qoJu3wD) (https://imgur.com/a/jwMRCTw) Some of you may think this is some sort of scam but I will never ask you for anything out of the ordinary that a career counselor wouldn’t. Thats just what this is. A cheap skill based career counselor for slavelabour So without further ado let my tenth go at my official subreddit skill finder business begin!
Welcome to one of the best cryptocurrency exchanges. with our coming new version, Get low fees & top security at EXCOINCIAL EXCHANGE when you buy or sell Bitcoin, Ethereum, USDT, AFCASH,EXL ..., #cryptocurrency 3exchange #trading #BITCOIN #usdt #afcash #eth #digitalmarketing #venturecapital
Markaccy is the Good project and its team is working very hard on this project and having great experience with the most stronger project #markaccy #MKCY #defi #bitcoin #ethereum #crypto #cryptocurrenc
Approximately £10,000 worth of digital assets in the form of Bitcoin, Ethereum and Litecoin is due to be added to the Imperial Treasury over the course of the next week as a part of the Empire of Stomaria's efforts to further diversify its holdings.
The Marketplace of Markaccy, the Freelance Platform gives priority to the best interest of the seller and buyer. #Markaccy #TokenSale #ICO #bitcoin #ethereum
https://i.redd.it/hhrlcfyb7yn51.jpg Markaccy is ushering in a new era of financial equality transparency and fair business practices that create unique value for all end users. It achieves this by connecting users from diverse sectors on our blockchain platform to grow profitable relationships that cut out interruptions from agencies, intermediaries, discrepancies, needless errors and fraud. The end result for the end users is a trust-based system that solves problems with speed and reliability and guarantees optimal use of scarce resources to achieve desired profitability. MARKETPLACE OF MARKACCY: Buyers and sellers connect safely for the business needs transactions with a freelance platform “Markaccy Marketplace”. WALLET OF MARKACCY: Their end users can purchase, store, send and receive Crypto Currencies with the Markaccy Wallet. MAINNET: In open distributed ledgers, Markaccy Mainnet- our enhanced block chain network has the capability to advertise and store the transactions. It helps us with the component technologies to offer cross functional solutions to diverse problems. SELF MINING OF MARKACCY: By simply depositing and storing Markaccy in their wallet, users can earn a bonus of a total 10% MKCY Token with the support of an automated self mining system of markaccy. Telegram
Markaccy listed on lbank as well on hotbit on 20th September. This is really great opportunity foymakeya huge profit who invest their money in sale. #Markaccy #TokenSale #ICO #bitcoin #ethereum #crypto #cryptocurrency
Markaccy listed on lbank as well on hotbit on 20th September. The MKCY token is predicted to be one of the fastest growing tokens in the marke. This is really great opportunity foymakeya huge profit who invest their money in sale. You should definitely become the owner of the platform token and get success. What could be better than buying a token of a promising platform and making good money on it. #Markaccy #TokenSale #ICO #bitcoin #ethereum #crypto #cryptocurrency
Tracks Bitcoin (BTC) that has been tokenized and issued on the Ethereum blockchain Bitcoin is up more than 2% in the past few hours, eying up $11,000. Ethereum had a more substantial breakout climbing almost 3% towards $355. Similarly, XRP is back, attempting to rise above a ... Ethereum (ETH) miners seem to have an edge now over their arch-rivals as they surpassed Bitcoin (BTC) miners on transaction fees charged for two consecutive months. Crypto market data aggregator Messari revealed this key metric on Thursday, showing it is the longest period that Ethereum’s ... Wrapped Bitcoin, incidentally, just crossed above $1 billion in market capitalization earlier this week. All in all, the Bitcoin on Ethereum market stands at about $1.3 billion, according to data from Dune Analytics. The idea of all of these coins is to port Bitcoin onto Ethereum to make the most of Ethereum-specific decentralized finance ... Bitcoin, Ethereum, and XRP look ready to break out following a month-long stagnation period. But first, these top cryptocurrencies must overcome a few serious hurdles. Bitcoin Eyes New Yearly Highs. Bitcoin made headlines after Square Inc. announced a $50 million investment into the digital asset. The mobile payment company purchased ...
Bitcoin, Ethereum, DeFi & Global Finance News - September ...
Bitcoin & Ethereum holders HAVE TO watch this!!! This specific prediction on BTC and ETH is absolutely CRAZY!! $502 FREE on our Trusted Exchanges! 🔶 Bybit: h... Baltimore, MD- Not many people are talking about cities mining Bitcoin, but we are! The US government is down with Stable coins? What does it mean to have 10... WATCH LIVE DAILY: https://ivanontech.com/live 😎 FREE CODING WEBINAR: https://academy.ivanontech.com/code ️ START TRADING (get great starter deals): https:... Bitcoin, Ethereum, DeFi & Global Finance News - September 14th 2020 Every week we cover all the latest Bitcoin, Ethereum, cryptocurrency, finance & economics... WOW!! This Bitcoin and Ethereum Technical Analysis is CRAZY!!! We will check BTC and ETH and also one secret altcoin trade! $502 FREE on our Trusted Exchange...