Tuesday, June 22, 2021

2020 Was A Revolution

by Justin O’Connell, Gold Silver Bitcoin:

2020 was a revolution. Here is what actually happened.

The IMF-dubbed Great Lockdown saw fear taking the front seat and the social contract rewritten posthaste.

At first, you stayed at home as germophobia gripped society. Leaders had determined who was essential and who was not. No man deems another man ‘non-essential.’

Report: Canada Exploring Digital Currency to Track People’s Spending Habits

by Joeri Cant, Coin Telegraph:

The Canadian central bank is reportedly considering launching a proprietary digital currency.

Digital currency could share info with police and tax authorities

On Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public central bank digital currency (CBDC) could be the answer to the direct threat that cryptocurrencies apparently present.

Fractional Reserve Bitcoin Scheme Implodes In Mysterious Circumstances

by Mish Shedlock, The Maven:

The only person with keys to accounts at QuadrigaCX died in mysterious circumstances. All the crypto money vanished.

Good As Gold: New Crypto Systems Are Taking The Evil Out Of Money [VIDEO]

by Jeff Berwick, The Dollar Vigilante:

Is money the root of all evil?

Not according to Joshua Scigala, founder of Vaultoro—a cryptocurrency exchange based not on fiat but on gold.

“When 9/11 happened, I started to really delve into following the money, “ said Scigala.

“What is money? This whole concept that ‘money is the root of all evil’ started to look ridiculous because what I realized is that it’s not money that’s the root of all evil, it’s the creation of money and how it’s created is the root of all evil.”

He’s right, you know.

Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse

by Helen Partz, Coin Telegraph:

Switzerland‘s principal stock exchange SIX Swiss Exchange will list the world’s first multi-crypto-based exchange-traded product (ETP) next week, the Financial Times (FT) reported Saturday, Nov. 16.Backed by the Swiss startup Amun AG, the first global multi-crypto ETP will be listed under index HODL, and will track five major cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).

According to the article, each cryptocurrency will acquire a certain market share within the upcoming ETP, with Bitcoin accounting for around half of the ETP’s assets. The rest are set to be divided in fractions, with 25.4 percent in now-second cryptocurrency XRP, and 16.7 percent in Ethereum, while Bitcoin Cash and Litecoin will acquire 5.2 and 3 percent of the market, respectively.

Getting Around Blockchain Geo-Blocking with VPNs – Chris San Filippo

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by Chris San Filippo, Sprott Money:

Cryptocurrencies had a good run in 2017. The most prominent of these, Bitcoin, rose in value from $1,000 to $20,000 within that year, while some altcoins saw more rapid growth. While this has attracted a lot of new participants to cryptocurrency trading and blockchain endeavors, it’s also drawn the attention of governments, some of whom are less than enthusiastic.

Within the first few weeks of 2018, Chinese and South Korean regulators have made moves toward restricting cryptocurrency activity in their countries. South Korea’s government is preparing a bill to ban trading of virtual currency on domestic exchanges. Meanwhile, one Chinese central banker has called for a wider ban on services related to cryptocurrency trading in the country on top of their existing ban on ICOs.

Other states are likely to act within the near future in one way or another. Venezuela’s president has announced plans to use an oil-backed cryptocurrency to get around international sanctions. The plan is clearly a flimsy last-ditch attempt—claims of it being backed by oil or being a cryptocurrency at all are suspect—but does show that governments may take actions related to cryptocurrency other than banning it. Whatever the case, government involvement will mean an uneven regulatory environment for cryptocurrencies around the world.

It’s difficult to tell just what these policies might be, but if current methods are an indication, they will be mainly enforced through geo-blocking. Geo-blocking, also known as the use of geoIP bans, restrict access to web content by filtering users according to the region their IP address corresponds to. On top of the obvious problems this poses to cryptocurrency trading, it could also complicate the simple act of managing cryptocurrencies while travelling.

Bypassing Geo-Blocking

Because geo-blocking screens IP addresses, it’s easily bypassed through the use of virtual private networks (VPNs). A VPN creates an encrypted tunnel between a user’s device with a server elsewhere in the world. This effectively masks their actual IP address and, by selecting servers in specific regions, they can circumvent geoIP bans. Most VPNs allow for several IP addresses across various regions, rendering nearly all geoIP bans ineffective.

Some sites use VPN detection technology to enforce their geoIP bans, but there are ways around this. A polyserver approach, alternating among low-profile VPN services or different servers from the same provider, makes it more difficult for VPN detectors to keep a user out. Cycling your IP address regularly can also help bypass VPN detection.

Read More @ SprottMoney.com

Keiser Report | From Lost Generation to Last Generation | E1516

from RT:

In the second half, Max interviews Craig Hemke of TFMetals.com about what might happen as markets continue to unwind and the era of the ‘Fed Put’ comes to an end. They also discuss the Trump administration planning a ‘universal basic income’ for the duration of the coronavirus pandemic.

What if… $800B in Lost Bitcoin Went to Physical Gold and Silver Instead?

by Steve Brown, The Duran:

Whatever motive the mysterious Satoshi Nakamoto had for introducing his white paper after the financial collapse of 2008-2009 has long since been either subverted or achieved, depending on one’s point of view. Today bitcoin is a speculation hijacked by Wall Street, and the Fed won’t let it die. Bitcoin is just too useful to the Fed and its Primary Dealers for sterilizing capital; laundering dollars; and to exterminate inflationary dollars. Bitcoin serves another purpose too, as a gauge for Wall Street’s minions to determine the appetite for risk among what they perceive to be the Great Unwashed.

Satoshi Nakamoto Would Be in Jail – Jeff Berwick at Anarchapulco 2018

from The Dollar Vigilante: