#it's amazing and i took like 30 screenshots for reference(for later)

[pics-pizza-peace]

FIZZLEPOP BERRYTWIST YOU WILL ALWAYS BE FAMOUS TO MEEEEE

[b-mydarling]

[01] MASCARA

I am still dwelling in self pity over a break up with my super hot ex-boyfriend, Sehun when my best friend decided to give me a replacement mascara to make up for all the loss that I've had from crying over that jackass (as referred by Byun Baekhyun himself) for the past one week. It was a normal gift to be quite honest, but little did I know, that one normal gift is the thing that made me realize just how drop dead gorgeous my best friend is. And to Baekhyun, that three boxes of Fenty Beauty mascara are the same exact thing that have made him realized that even after years, he has never lost his feelings for me.

🍰   pairing: baekhyun x OC

🍰   characters: baekhyun, OC, sehun, yeri, irene

🍰   genre: what else if not FLUFF 😭

🍰   aus: university student! baekhyun, best friends to lovers.

🍰   contains:  Playing with makeup with some cute music as the bgm but   definitely not in this chapter :>

🍰   word count: 3K

― note: this is my first time cross-posting my fictional work on this platform. (I guess), posting this chapter will help me to understand Tumblr's algorithm better 😔✋ oh and fyi, the main idea of this oneshot was actually inspired by my dream 😭😭 Yes, I dreamt of Baekhyun in the midst of a pandemic and during an online semester like I’ve had nothing better to do :)

p/s: let me know if you want to be tagged for the next chapter.

Best friends.

That is the perfect term to describe and explain my relationship with Baekhyun. We used to live in the same apartment complex and his mother used to babysit me while my parents went to work. The babysitting lasted for almost six years (from when I was still a wee child at the age of 7 and until I turned 13) before his family moved to Incheon from Seoul. Even though we didn’t get to meet as often as we used to, our friendship is still intact and growing strong until now, when we are both a university students.

It was fun and easy being friends with Baekhyun. He may be older than me by two years, but I have never mind the fact because befriending Baekhyun was so, so much easier than befriending his little sister, Yeri. Although we are of the same age, I’m not close with Yeri because she used to think that my presence was a nuisance to her family; stealing her one and only brother from her, stealing her mom’s love and affection away from her, and she hated it when her dad brought back matching toys or playset for us to play together. And yes, of course we didn’t play together. To conclude my relationship with Yeri, we don’t hate or loathe each other but we have come to agree with the fact that we just don’t click with each other very well.

Presently, it is a Friday evening and I am laying on the couch at my family house’s living room. I am beat from living off from only few hours of sleep and a lot of coffee for the past two days because I was trying to perfect my assignment that holds 30% weightage for one of the subjects that I’m currently taking as a second year university student majoring in Beauty and Hairdressing studies. And now that I have submitted the assignment, it feels like all the burdens have been lifted from my shoulders and all that I want to do is sleep. I shift a few times on the long couch, trying to find a comfortable position to take a nap. I don’t want to sleep in my room just yet, afraid that my parents might forget to take the house key with them and I don’t hear their knockings if I sleep in my room. That, and I’m just too scared to sleep in my room knowing that I’m all alone in this house. It only feels like a few minutes have passed since I fell asleep before the incessant ringing of my phone wake me up. I grumble in my hazy state and reach for my phone on the coffee table.

“Hello?” I mutter into the phone without even looking at the caller id or even opening my eyes, sleep already calling back to me.

There’s a small chuckle coming from the other side of the line, the caller’s voice so deep and warm; alarming me about who he is. My lips automatically curl to form a smile just by hearing his velvet voice. There’s a few beat of silence before he starts to speak to me. “Did I wake you up from your nap?”

“Yes, yes you did.” I jokingly say with a pout while putting the call on speaker before I put my phone down to sit up from my laying position. “I’m so tired, Sehun. Mrs. Kwon has finally approved of my dreamy makeup look sketching after the fourth consultation. I’ve just submitted the assignment too. But anyway, why are you calling me? Are you done with labs?”

Sehun fakes a cry and says “My poor baby. But hey, at least you’re done with it now, right?” I hum, enjoying the comfort that my boyfriend is giving me. “And yes, I’m done with lab and my basketball practice too.” Sehun says with a teasing voice. “Can you come down for a while, princess? I need to talk to you about something.”

I look at the wall clock and frown. It’s nearly 7pm now and I’m too lazy to change out from my comfortable lounge wear. “Now?”

“Yes, now. I’m already waiting in front of your apartment complex.”

Still feeling lazy to change my clothes, I try my luck again. “Can you come upstairs then, Sehun? My parents are not home yet. They went out to have dinner with my father’s colleague.”

There’s another beat of silence coming from the other side of the line before Sehun sighs into his phone. I couldn’t decipher whether his sigh is rather affectionate or because he’s just tired from a long day at university. But I guess whatever that he’s going to talk to me about is pretty serious from the way he responds to my invitation.

“I can’t do that, baby. I need to tell you something without having to face the possibility of your parents walking in on us and disrupting our privacy. I’m also kinda in a rush to meet my friends later.”

I pout. “Okay, I’ll be down in a few minutes. See you, Sehun.” I say and after receiving a hum from him, I end the call while getting up from the couch and walk to my room to get change into something more appropriate to wear. I choose to wear Sehun’s grey hoodie that he has given me before and a legging. The hoodie is two times bigger than my own size so it’s really comfortable too. I grab my phone and lock the door before going down. Once I arrive down at the lobby, I can already see Sehun’s parked car a few metres from the apartment’s entrance. I walk closer to his Audi and knock softly on the window. Sehun is busy playing game on his phone that he gets startled by my soft knocking. He then unlocks his car and I get into the passenger seat next to him.

“Hi,” Sehun smiles at me and scans my face, his head tilting bit by bit the more he spends his time analyzing my countenance. Sehun then crinkles his nose. “Damn baby, you really look super exhausted. I’m sorry for waking you up.”

“It’s okay since I need to wait for my parents to come home too.” My reply is cut short because my mind is being clouded with the smell of freshly baked dessert in his car. I turn half of my body in Sehun’s direction before I turn my head to look at his back seat. I see that there’s a white transparent box of brownies from the bakery that I frequently go to and a big bouquet of my favourite red and pink roses. I turn my head back to look at Sehun and grin up at him. “Are those for me?”

Sehun grins back at me before he takes my hand into his big one. “Of course those are for my favourite girl. You can even share the brownies with your parents too.” His other hand stretches behind him to grab both the flower bouquet and the box of brownies before he places them in my lap.

“These are my present for you because you have been such an amazing girlfriend for me for the past six months. Now, let me talk about the thing that I have wanted to tell you.”

Sehun has broken up with me.

Before this, it only took him 15 minutes to gather his courage to express and explain his feelings for me and now, it only took him 10 minutes to tell me that he wants to break up with me. Because apparently, his basketball coach has strictly forbidden him and the rest of his teammates from dating to ensure that their performance will not be affected if anything were to happen to the relationship. It was an absurd reasoning, I know that. But how can I not agree when Sehun has reasoned with me so well. He is on a full basketball scholarship so he must give his very best to basketball and to his major studies too. So yes, I agreed to break things up with him (although a part of me is hoping that we could still work things out).

After I went back to my house, I just sat idly on the couch thinking about what have just happened. There are three thoughts that are currently running through my minds and I could not just brush away this three facts:

 My hot and athletic boyfriend has broken up with me.

 I still love him

Should I wait for the both of us to graduate so we can be together again? But that will take two more years.

My parents came home at half past nine in the evening with take-out food for me. I only thanked my parents and proceed to eat my dinner in silence before asking for their permission so that I can leave for my room first. I even told them that they can eat the brownies on the coffee table because I don’t feel like eating it. As a result, my parents got worried over me because they could sense that something is wrong with me and Sehun from looking at the abandoned bouquet of roses and the box of brownies on the coffee table.

Now that I’m all alone in my bedroom, the realization just hit me like a bullet train. I feel suffocated. I feel restless. I feel like there is nothing else that is worse than this breakup. But boy I was wrong, there is something that is even worse than this shitty feeling that I’m having right now.

Because at half past 10 pm, my phone gets bombarded with a lot of messages and screenshots from my close friends in university. And the content of the messages were all the same, two screenshots of Irene’s latest instagram stories with one of it being a picture of hers and a man’s legs on a bed, watching Netflix together and the other picture being the same exact white box of brownies and a bouquet of red and pink roses like what I have gotten earlier. The caption in the story was:

“First date. Thank you, my sweet boy @oohsehun”

And that was the exact moment when I feel like the world has crashed on me. I feel like I could not breathe with all this new information that I just get. I need to save my sanity and I need to see the person who understands me better than anyone else. I hurriedly change my clothes before telling my parents that I need to see that person because of an emergency. My parents allowed me to go out despite it being so late at night, partly because they’ve seen how shocked and restless I am, and partly because the person that I’m going out to see is my best friend.

Byun Baekhyun.

Baekhyun has just returned home from his daily night run when he saw me standing in front of his door. He was shocked, of course. Because I have never really went to his apartment without noticing him beforehand. But upon seeing my blood-drained face, he ushered me inside before he rushed through his shower so that he can talk to me. After he’s done showering, he brought me to sit across of him at the small dining table that’s just enough for two people. And when he was seated too, he only crossed his arms and placed them on table. He doesn’t open his mouth, but his eyes are demanding me to open up. And I was right because in the next second, Baekhyun is ready to be on his best friend’s duty.

“Okay, spill it now. Every single thing.”

“You know what? Just cry.”  

“Why are you asking me to cry?” I ask, annoyed that Baekhyun has been telling me the same thing ever since I was done telling him what happened. Baekhyun was also shocked to know just how much of an asshole Oh Sehun was. But he then said that I should have at least expected this since Sehun is a popular guy at university.

“Because,” Baekhyun uncrosses his arms on the table and leans back on the chair. He closes his eyes before continuing. “It’s not healthy for your mental health, you know? You don’t have to put on a strong facade in front of me. Acting like this when you’re hurting deep inside will only hurt you even more. I’ve seen you cry before. Multiple of times too, if I may add.”

I brush his words off and only stay silent. My eyes roam around his grey and red themed apartment, taking in the minimalistic interior of the house that belongs to the 24 year old man sitting across of me. He has a grey coloured two-seater sofa, his coffee table is full with his macbook, ipad, some of his still opened law text books, some documents and stationaries. His television that was originally brought from his family home is connected to the internet and his playstation 4 is still plugged into the television too.

When was the last time I visited his house? I couldn’t recall the memory but I know that it has been quite a while. Ever since I started dating Sehun, I only met Baekhyun at our university or anywhere else that is not his house because Baekhyun thought it was a little inappropriate for me to go to his house since I have a boyfriend. My little inspection of his house was interrupted after a short while when Baekhyun sighs a little loudly. I focus my eyes on him now and shrug my shoulder.

“Are you even listening to what I’m saying?” Baekhyun asks. “I don’t want you to get anymore hurt by whatever that jackass is doing or about to be doing after this. I know how much you like him and how much you cherish the relationship that you’ve had with him. It’s completely normal to be hurting by this news and it’s definitely okay to cry too. Cry until your eyes get swollen, cry until you fall asleep and wake up feeling a lot better than tonight.”

I bite my inner cheek and shake my head. Although I admit that I am hurt deep inside, I refuse to cry. Not because I have too much pride in me but because of these mixed feelings bubbling inside. Hurt from being lied and cheated on by the person whom I thought I was going to have a long lasting relationship with. Confused because out of all people, I didn’t expect Sehun and Irene to be together. Irene was my seatmate and one of my assignment group mates throughout the whole of last semester where I had taken an elective subject not related to my major. Appalled because this would have not happened if I hadn’t asked Sehun to join our group celebration dinner for getting an A last semester.  These feelings just keep on brewing inside me and it was too much to comprehend, leaving me to not be able to even shed a tear.

“I don’t know, Baekhyun.” I say while standing up from the dining chair.“I thought I should tell you about this and feel better, but I still feel like I have just gotten hit by a car. I guess breakup really sucks.” I laugh soullessly. “Hey, do you mind if I crash here tonight? I’m too tired to drive again.” I don’t wait for Baekhyun to respond because I straight away walk to his couch, not realizing that Baekhyun has also stand up from his chair to follow me.

I’m only a few steps away from the couch when I feel a soft tug on my left hand, turning me around before I am being pulled into a bear hug. My eyes widen in shock because my best friend has never hugged me so closely and so tightly like this. But his embrace is just so perfect and warm and very much comforting that I can feel all these mixed emotions inside of me are swirling all over the place before I feel something triggering the most wanted reaction from me. And just like his warm embrace, my dams of tears exploded.

“I really like him, Baekhyun.” I say with tears streaming down my face. Baekhyun doesn’t say anything but lets me cry on his shoulder. I take a long time to stop crying and when I am slowly sniffling, that is when Baekhyun starts speaking.

“That wasn’t so hard, wasn’t it?” He asks while stroking my long hair. “You silly girl, you’ll feel a lot better after this. And oppa will make sure that jackass will regret doing what he did to you.”

[lixiesfreckless]

okay…it’s been like, a month? and I finally found the words to say regarding this series at [checks watch] 12:56 in the morning. do I have to be up in six hours to drive two hours to watch the World Cup Finale with the dads side of my family? yes, yes I do. but somehow, this is more important than any sleep I may or may not get tonight.

this series is a fucking masterpiece.

I feel like the best way to preface this is to mention that I started reading it in the middle of the day at some point last month, took a break to do something with my family, played jackbox games with my friends, and at 2 in the morning when we finished, CAME BACK to the series despite needing to wake up early the next morning. I was still up on part 3 at 3:30 in the morning. and then the next day, I called one of my best friends and had her start and finish it over a video call, where I also finished it. and the whole time we were sending each other screenshots of killer lines and screaming into the void over subtle facial expressions. and it takes one hell of a story to make me feel so inclined to share it with someone else and sit on a video call, completely silent while we devour it. it was just that good. I’m completely baffled by the characterization, the plot line, the SETTING, the premise, EVERYTHING, and I was so blown away that I swear, I try to avoid using curse words, but holy fucking shit how do you come up with a story THIS good.

I would like to take this time to highlight some of my favorite moments, and although I’m not directly quoting them because I’d need to find them, not only am I lazy, but I would actually just really like to reread this story and write down the quotes that had me screaming into my pillow later sooooo

SPOILERS AHEAD

Changbin’s initial character is so unreadable that it is in fact, as intriguing as the main character describes him to be

I have always loved the way my favorite writers wrote changbin, including myself. it feels kind of weird to reference shrek in a tumblr fic review about stray kids, but I feel like the line “ogres have layers” really fits here. he’s such a layered person in real life that it’s kind of hard to capture his essence in writing, which is why I feel like he kind of falls short in a lot of fics I read but HERE? not only did you capture him so accurately, you made him your own by being kind of standoffish and kind of a prick at the beginning of the story, and I LOVED it. the thought of making him and the main character so up in arms with each other, without really giving context as to why only makes their backstory all the more intriguing when you see them fall for each other. it makes you wonder how it all went wrong. why do they hate each other now? what the hell happened in Paris(no really I kept asking my best friend this as I was reading through it)(also I can’t remember if it was Paris or Italy)? and it just hits even harder when you start to see his softer side, like how he tells Felix to ask if the main character got home okay. THAT REALLY GOT TO ME. it was one of those “gotcha” moments when you smugly look at the imaginary camera, breaking the fourth wall, and whisper “I knew they still cared” like COME ONNNNNN. that was so good. of course his character arc is amazing but I just had to rant about him at the beginning of the story.

Felix is unreasonably amazing and had me wondering for a hot minute whether he was the main male lead or Changbin because I kept switching lanes

it was almost criminal that Felix didn’t get a potential love interest until the END of the story. his character in this entire fic was just so likeable. this is probably the best “best friend” portrayal I’ve ever seen in a stray kids fanfic, hell, maybe in any fanfic I’ve ever read. he is just so genuinely sweet, and funny, and hardworking, and he deserves so much that I was half wishing that the main character would hook up with him JUST because I wanted to see him happy for a moment in time even if I knew it would only hurt the plot. I JUST REALLY LOVE FELIX OKAY AND I WANNA SEE HIM HAPPY [sobs in a corner]. that being said, his absolute best line in the whole fic, is when he catches Bin and the main character arguing outside of Minho’s party. when he threatens them by telling them to “sort their shit out” or he’ll never speak to either of them again??? I read that part, put my ipad down, and had to just PONDER how such a short scene of a longfic left such an impact on me. because those are actually high stakes! Felix is the main characters best friend who has done NOTHING wrong essentially, and has only put his resentment for his brother aside because he was making her happy! and things were finally starting to go well, and then they both couldn’t pull their heads out of their asses and needed to set things straight and WHO ELSE in the story could have made a threat that was genuinely so chilling, that it might make them actually get their act together? none other than Felix, the mvp, the goat, the W character, just gosh he’s a real gem and I’m so glad you portrayed him this well. standing ovation for him ALONE.

Jisung is just such a good supporting character gosh how did you do this

to be honest, I loved all of the characters in this fic, and I could write essays about each of them, but it’s currently 1:23 in the morning so I’ll keep this one brief. the one scene that really sticks out to me with him in it is around the time that the main character gets invited to Minho’s party, and she asks jisung if Minho acts differently around her compared to other members of the kitchen. and there’s just this very subtle scene where she’s like “is he flirting with me?” and jisung just goes “do you want what I’d think or what’s really happening” and when you pick the latter, his smile fades a little and he just says “he’s definitely flirting with you.” HOW. HOW DOES THIS SCENE SO EASILY CONVEY SO MANY DEEPER PROBLEMS CONCERNING THE COMPLICATED RELATIONSHIP JISUNG HAS WITH ALL OF THE MORE “PROMINENT CHARACTERS??? on one hand, he SAW the main character and Bin’s complicated love arc and wants them to be happy not only for their sake, but for the cohesion of the kitchen. and on the other, he’s OBVIOUSLY grown close to Minho, thanks to the short scene where it’s mentioned that Minho has cooked him lunch before. and he would definitely want to see Minho happy. and Minho is obviously a good guy that is kind of just being led on by the main character which kind of sucks but it’s sort of justified by her and Changbin being such cowards when it comes to defining the relationship and UGH THIS FIC IS SO GOOD I HAVE PRACTICALLY NO ISSUES WITH IT

okay I’m kidding. the ONLY gripe I have with this fic that I would love to see a short film adaptation for, is that Hyunjin appears so close to the ending that he’s not essential to the plot, and that if you removed him, it wouldn’t do much😭 and it almost looks like he was only added so every member would make a cameo, WHICH IS TOTALLY REASONABLE BECAUSE THATS ABSOLUTELY SOMETHING I WOULD DO AND HAVE DONE BEFORE AND NOT ALL CHARACTERS OR CAMEOS HAVE TO BE ANYTHING SPECIAL AT ALL, and to be honest…I’m only sad because he’s my ult bias. like I KNEW he’d eventually show up in this fic, and when the painter was mentioned I KNEW it would be him, and his scene at the end is ADORABLE AND YOU MADE HIM LOOK SO CUTE, but the HWANGER in me made me wish he was a bit more relevant to the overall story.

and yeah. that’s literally the only thing wrong with the story, and it’s not even REALLY wrong, it’s just me being Hyunjin’s slut fr. and me nitpicking because this story is so goddamn good, there’s no way that the only flaw I can find isn’t really even a flaw at all HOW DID YOU WRITE THIS

and oh my gosh, don’t even get me started on their first kiss scene or the scene where they were playing cards or the pool scene or the bj scene in the kitchen or the maple(?) tree or the fireplace scene or the way the story was constructed where their love story and love reconnection story are being presented to us at the same time and is both heart wrenching and heartwarming to read in this format or how it was really cute how Jeongin was actually the main characters first time and it kind of makes a comeback but not really but it was really sweet the more that I thought about it or how we were canonically related to Seungmin or how Minho is actually such a sweet character and it’s almost kind of sad how the main character was preoccupied with Bin because he really did deserve a lot or how Chan is LITERALLY OPENING HIS OWN RESTAURANT IN THE END, WHAT IN THE RATATOUILLE IS THIS or how this is kind of my new favorite tumblr fic, and I hope you could tell that from how long of a review this was.

it’s a masterpiece. I haven’t even touched your other series because of how afraid I am of how they could affect me and the way that I structure my own stories. this feels like a “she was insane for this” but it’s literally just you writing something so amazing that if I wrote it??? it would literally be my legacy. my magnum opus. my peak. and for you I can’t even say if that’s true or not because I read falling rain and it wrecked me for DAYS on end. I should probably make a lengthy review on that fic because good golly gee whiz that one just attacked my very SOUL, and that was just a oneshot. you’re literally amazing at your craft and my gosh it’s 1:52 I’m gonna shut up

expect another review after I revisit this fic during Christmas break, but until then, thank you thank you THANK YOU for blessing us with this piece of fiction, and I have so much more to say about it, but until then

stay gold,

-bubbles

be my mistake

be my mistake — series masterlist  [ playlist ] [ back to general masterlist ] status: complete

this series (and this blog) are 18+ !! minors, please do not interact!!

��� changbin x female reader, other stray kids members are featured, changbin and felix are brothers, felix is the mc’s best friend.

• non idol au, multiple timelines (past and present), slow burn, past relationship, best friend’s brother trope, exes to lovers, mcs hold grudges. a lot of guilt and a lot of fluff. 

• word count: 60k (60,215) 

• content: angst (a lot of it). strong language. drinking. trauma. mutual pining. smut (lots of building). fluff. mentions of depression, financial trouble, family issues. contains a scene of harassment (part two). each chapter will have its own warnings.

You’re delighted - you’ve finally found yourself a new job at a local restaurant. It’s everything you need, but when you meet the rest of the staff, you find out the head chef is your ex, Seo Changbin. What was supposed to be easy becomes very, very complicated. As you are both confronted with a forced reunion, you remember meeting him. Getting to know him. Falling in love with him. Him, your best friend’s brother. You’ve spent the past years convincing yourself you’ve moved on - but you haven’t, and neither has he.

• taglist: @tanyas97 ; @ughbehavior ; @softandfluffy ; @changbinluvr ; @bitchoftomorrow​ ; @babybabydoll ; @hyuneater​  ; @ipegchangbin​ ; @valreadsfics​ ; @i-say-choco-you-say-ice-cream​

• author’s note: Hi!! Welcome to this story. I’m glad you are here. Don’t hesitate to send me a message or to ask any questions. I hope you will like what I write. Take care of yourself! 

• part one: you, and a sunrise • part two: you, and a drive home • part three: you, and a whisper • part four: you, and blueberry pancakes • part five: you, and going back • part six: you, and the maple tree • part seven: you, and me

I’m hoping to publish some drabbles if it interests you. Thank you so much for reading ♡

[freshleadprovider]

Affiliate Website from $267/m to $21,853/m in 19 months (CASE STUDY - Amazon?) [AMA]

Hello Everyone, After getting an amazing response on two case studies posted earlier, I decided to share another one of my projects that grew from $267/m to $21,853/m in 19 months. In this post, will try my best to cover each and everything so that you can replicate the same process on your sites as well. Quick Overview of Site's Valuation When we started: ~ $13,350 Current: ~ $1,092,650 I will explain later in this case study why this multiple is higher (50x) than the industry standard of 30x (which applies mostly Amazon affiliate sites and other kinds of online businesses). Previous Case Studies Amazon Affiliate Website from $0 to $7,786/month in 11 months! Amazon Affiliate Site from $118/m to $3,103/m in 8 MONTHS (SOLD it for $62,000+) In this post, I will take a highly data-driven approach so you know EXACTLY: what, why, how, when of all the steps taken. For example... How the research and planning was done? What was the number of articles and why? Content writing guidelines Uploading, formatting, onsite SEO instructions Outreach, backlinks and PR Conversion rate optimizations (A/B testing) However, if you still have ANY questions, feel free to ask. I would answer EACH one of you. This is an AMA. :) So, let's dive right in... Background of the Website Broad Niche: Technology (software mostly) About: Work from Home (WFH) [We got lucky because of COVID, the search traffic is increasing with time] Type of content: WFH guides, product reviews, success stories of entrepreneurs (viral) etc. Physical products promoted: work stations, chairs, accessories related to WFH etc. Digital products promoted: Virtual team/project management tools, SaaS subs etc. (most money from here) Note: Can't share more information about the site because of the NDA. I am very thankful to the client for giving permission to share this case study. Quick Overview of Stats (the month we made $21,853) DR: 56 Traffic: 499,383/m (Jan. 2021) RPM: $43.76 (earning per thousand visits) - this is combined for affiliate and display ads Countries targeted: United States (primarily), EU, Canada Primary source of traffic: Search Engines but we are working to create proper emailing lists too Summary of what we did to get here... Metric Before After Difference/Increase DR 44 56 12 Articles/Posts 31 1261 +1230 Backlinks (RDs) 323 (content-dofollow) 496 (content-dofollow) +173 Traffic 13,827 499,383 +485,556 (3512% ) RPM (earnings/1000) ~ $19.31 ~ $43.76 +$24.45 (127% ) Revenue/m $267/m $21,853/m +$21,586 (8085% ) A/B Testing No Yes Applied Month July 2019 Jan. 2021 19 months Note that the RPM is combined for affiliate and display revenue. Research and Planning Combined search volume of all keywords: ~ 750,000 Average search volume per keyword: ~ 610 Total keywords: ~ 1230 Total traffic achieved (in 19 months): 485,556 (this represents the increase and ignores the already existing traffic) Success rate of traffic achieved (in 19 months): 64.74%. This basically means that based on our keyword research plan, the combined search volume of all keywords was 750,000 and we hit a success rate of 64.74% in 19 months which is a traffic increase of 485,556 Note: The success rate of traffic will increase a lot and is expected to cross even 100% because the search volume of WFH related keywords has risen significantly due to COVID. Moreover, our rankings are improving due to an increase in DR, aging of content and social shares) Approach: Choose broad keywords based on the brand of the site Use Ahrefs to scrape all the "having similar terms" and "questions" list of words Filter the lists to remove cannibalization, irrelevant keywords, duplicate content and anything that doesn't make sense Group similar words together (Tip: If you have doubt about two similar keywords whether they should be targeted in one article or different articles, you should see if there are 3 or more results on the 1st page of Google that are ranking for both these words. If the answer is yes, then you can also rank for both these words in the same article. However, if you can't find 3 or more same results for two different queries then you should also make unique pages for each one of these keywords) Organize the keywords into proper silos and categories Note: We didn't really pay a lot of attention to the KW difficulty. Our approach was and still is to completely dominate each and every registered query related to a certain topic. We went big on the content part, we knew it would work and we were right. This approach was different from my previous case studies where we just wanted to make money and didn't really care about being the biggest guys out there. However, most of our keywords still have a KD of less than 4 (we produced this content at the earliest phase of content production). Content Articles before: 31 Articles added: 1230 Articles after: 1261 Average words per article: 1349 Total words produced: 1,701,089 Approach: H1, URL, and SEO Title must include: main keyword and other important keywords based on KW research At least one image with proper ALT text Table of content for jump links Proper use of headings How to articles with guides that include images as screenshots with red arrows or circles to indicate steps/process worked really well At least 1 internal link per 250-300 words with proper anchor text (DO NOT OVER OPTIMIZE) to a relevant article Recommended SEO plugin: SEOPress There are a lot other things that we took into consideration and there could be a separate post on onsite SEO alone. But, for the sake of keeping it short, let's just focus on this for now. Outreach, PR and Backlinks Prospects outreached: 7500 Conversion rate: 2.3% Total links got: 173 Links before: 323 Links added: 173 Links after: 496 Change in DR: 12 Final DR: 56 Approach (Outreach) Find highly linked content pieces using Ahrefs (Use content explorer feature and sort from higher to lower KD. High KD indicates that this keyword is being linked a lot) Write amazing pieces of content (better than the competitors) Scrape the list of sites that have linked to your competitors (Ahrefs) Find their contact details (Hunter is a good tool) Manually check to filter out the bad contacts Use Mailshake to outreach (tip: send 2 followups with a gap or 1 week each) Reply fast to increase conversion rate Tue, Wed and Thursday are the best days to send emails and expect responses and conversions Note: We also adopted other methods like guest posts, PR and community engagement to drive traffic and build meaningful links. While building links, we ensured that the site is: Either niche relevant or has high DR (80+) - we got nice DR 11+ links through targeted outreach Has proper search traffic The DR is greater than 20 Niche edits work the best because they don't incur additional costs like content writing in case of guest posts and manual labor like in the case of targeted outreach. It's the best method to build links at scale Conversion rate optimization (A/B Tests) RPM from: $19.31 (this was just affiliate and no display ads were applied then) RPM to: $43.76 (this is affiliate + display) Approach: Relevant content that ranked and converted well AB testing on top 30% of the pages (we have added highly converting call to actions, CTAs in the right places with the right copy which are giving amazing returns) We also added a display advertising network Coordinated with our affiliate manager to increase the payout commission As the traffic increases and we collect more and more data, our RPM and conversion would improve even further. Our goal is to increase the RPM to at least $50/1000 visits. This is considered a very good RPM. Note that, usually the RPM on our sites is from $25 - $40 (affiliate + display combined). So, this definitely an exception. I am referring to other sites in our portfolio (we have currently 16 content based brands). An overview of the important numbers, stats, ROI and more... Metric Before Current Projected (Jun. 2021) Revenue/m $267 $21,853 $30,000 Valuation (50x) $13,350 $1,092,650 $1,500,000 Revenue/y ~ $3,204 ~ $262,236 ~ $360,000 The multiple of 50x is applied because our brand is uniquely positioned to be strategically acquired by 3 major competitors promoting similar products in the home productivity space. They are heavily funded and based on our discussions with them, they seemed more than interested to acquire our media venture. We won't go through a traditional route of selling via online business brokering spaces. However, we would directly sell to one of the major players whose products we are promoting. It is to be noted that, we don't plan to sell the venture till it hits at least 30,000 USD per month. We believe we can hit that without further investment and just optimizing the site for better conversion rate optimization. What's next... In essence, content marketing regardless of how it's done is the backbone to grow all kinds of online businesses. Whether it's writing an amazing copy to promote ads or producing content in bulk to drive relevant, highly targeted and converting traffic. This goes without saying that the times of making money through content websites by writing a handful of pages and building spammy links are gone. Now, you need to plan properly, create content that not only ranks but also helps the user and then deploying the right strategies to promote it is the way to go. But, even with those conditions, the kind of ROI that these kind of online businesses offer is much higher as compared to traditional modes of investment like stocks, index funds, real estate etc. The passive way of making money especially around 30K USD a month through a site definitely requires a lot of resources but it's not impossible. The communities (like this one) where people help each other are becoming more and more common and it's becoming easier to make money. However, it's also increasing the competition and the kind of resources required to reach certain level of passive income and possible exit. Anyway, I wish you luck in all your endeavors. And yes, if you have any questions, please feel free to let me know. I understand that I couldn't cover everything in just one post. That's why I am available to answer your queries. ASK ME ANYTHING AMA! Regards submitted by /u/jamesackerman1234 [link] [comments] https://www.reddit.com/r/SEO/comments/ll2wjy/affiliate_website_from_267m_to_21853m_in_19/

[techyblogger]

Affiliate Website from $267/m to $21,853/m in 19 months (CASE STUDY - Amazon?) [AMA] https://www.reddit.com/r/SEO/comments/ll2wjy/affiliate_website_from_267m_to_21853m_in_19/

Hello Everyone,

After getting an amazing response on two case studies posted earlier, I decided to share another one of my projects that grew from $267/m to $21,853/m in 19 months.

In this post, will try my best to cover each and everything so that you can replicate the same process on your sites as well.

Quick Overview of Site's Valuation

When we started: ~ $13,350

Current: ~ $1,092,650

I will explain later in this case study why this multiple is higher (50x) than the industry standard of 30x (which applies mostly Amazon affiliate sites and other kinds of online businesses).

Previous Case Studies

Amazon Affiliate Website from $0 to $7,786/month in 11 months!

Amazon Affiliate Site from $118/m to $3,103/m in 8 MONTHS (SOLD it for $62,000+)

In this post, I will take a highly data-driven approach so you know EXACTLY: what, why, how, when of all the steps taken.

For example...

How the research and planning was done?

What was the number of articles and why?

Content writing guidelines

Uploading, formatting, onsite SEO instructions

Outreach, backlinks and PR

Conversion rate optimizations (A/B testing)

However, if you still have ANY questions, feel free to ask. I would answer EACH one of you.

This is an AMA. :)

So, let's dive right in...

Background of the Website

Broad Niche: Technology (software mostly)

About: Work from Home (WFH) [We got lucky because of COVID, the search traffic is increasing with time]

Type of content: WFH guides, product reviews, success stories of entrepreneurs (viral) etc.

Physical products promoted: work stations, chairs, accessories related to WFH etc.

Digital products promoted: Virtual team/project management tools, SaaS subs etc. (most money from here)

Note: Can't share more information about the site because of the NDA. I am very thankful to the client for giving permission to share this case study.

Quick Overview of Stats (the month we made $21,853)

DR: 56

Traffic: 499,383/m (Jan. 2021)

RPM: $43.76 (earning per thousand visits) - this is combined for affiliate and display ads

Countries targeted: United States (primarily), EU, Canada

Primary source of traffic: Search Engines but we are working to create proper emailing lists too

Summary of what we did to get here...

Metric Before After Difference/Increase DR 44 56 12 Articles/Posts 31 1261 +1230 Backlinks (RDs) 323 (content-dofollow) 496 (content-dofollow) +173 Traffic 13,827 499,383 +485,556 (3512% ) RPM (earnings/1000) ~ $19.31 ~ $43.76 +$24.45 (127% ) Revenue/m $267/m $21,853/m +$21,586 (8085% ) A/B Testing No Yes Applied Month July 2019 Jan. 2021 19 months

Note that the RPM is combined for affiliate and display revenue.

Research and Planning

Combined search volume of all keywords: ~ 750,000

Average search volume per keyword: ~ 610

Total keywords: ~ 1230

Total traffic achieved (in 19 months): 485,556 (this represents the increase and ignores the already existing traffic)

Success rate of traffic achieved (in 19 months): 64.74%. This basically means that based on our keyword research plan, the combined search volume of all keywords was 750,000 and we hit a success rate of 64.74% in 19 months which is a traffic increase of 485,556

Note: The success rate of traffic will increase a lot and is expected to cross even 100% because the search volume of WFH related keywords has risen significantly due to COVID. Moreover, our rankings are improving due to an increase in DR, aging of content and social shares)

Approach:

Choose broad keywords based on the brand of the site

Use Ahrefs to scrape all the "having similar terms" and "questions" list of words

Filter the lists to remove cannibalization, irrelevant keywords, duplicate content and anything that doesn't make sense

Group similar words together (Tip: If you have doubt about two similar keywords whether they should be targeted in one article or different articles, you should see if there are 3 or more results on the 1st page of Google that are ranking for both these words. If the answer is yes, then you can also rank for both these words in the same article. However, if you can't find 3 or more same results for two different queries then you should also make unique pages for each one of these keywords)

Organize the keywords into proper silos and categories

Note: We didn't really pay a lot of attention to the KW difficulty. Our approach was and still is to completely dominate each and every registered query related to a certain topic. We went big on the content part, we knew it would work and we were right. This approach was different from my previous case studies where we just wanted to make money and didn't really care about being the biggest guys out there. However, most of our keywords still have a KD of less than 4 (we produced this content at the earliest phase of content production).

Content

Articles before: 31

Articles added: 1230

Articles after: 1261

Average words per article: 1349

Total words produced: 1,701,089

Approach:

H1, URL, and SEO Title must include: main keyword and other important keywords based on KW research

At least one image with proper ALT text

Table of content for jump links

Proper use of headings

How to articles with guides that include images as screenshots with red arrows or circles to indicate steps/process worked really well

At least 1 internal link per 250-300 words with proper anchor text (DO NOT OVER OPTIMIZE) to a relevant article

Recommended SEO plugin: SEOPress

There are a lot other things that we took into consideration and there could be a separate post on onsite SEO alone. But, for the sake of keeping it short, let's just focus on this for now.

Outreach, PR and Backlinks

Prospects outreached: 7500

Conversion rate: 2.3%

Total links got: 173

Links before: 323

Links added: 173

Links after: 496

Change in DR: 12

Final DR: 56

Approach (Outreach)

Find highly linked content pieces using Ahrefs (Use content explorer feature and sort from higher to lower KD. High KD indicates that this keyword is being linked a lot)

Write amazing pieces of content (better than the competitors)

Scrape the list of sites that have linked to your competitors (Ahrefs)

Find their contact details (Hunter is a good tool)

Manually check to filter out the bad contacts

Use Mailshake to outreach (tip: send 2 followups with a gap or 1 week each)

Reply fast to increase conversion rate

Tue, Wed and Thursday are the best days to send emails and expect responses and conversions

Note: We also adopted other methods like guest posts, PR and community engagement to drive traffic and build meaningful links.

While building links, we ensured that the site is:

Either niche relevant or has high DR (80+) - we got nice DR 11+ links through targeted outreach

Has proper search traffic

The DR is greater than 20

Niche edits work the best because they don't incur additional costs like content writing in case of guest posts and manual labor like in the case of targeted outreach. It's the best method to build links at scale

Conversion rate optimization (A/B Tests)

RPM from: $19.31 (this was just affiliate and no display ads were applied then)

RPM to: $43.76 (this is affiliate + display)

Approach:

Relevant content that ranked and converted well

AB testing on top 30% of the pages (we have added highly converting call to actions, CTAs in the right places with the right copy which are giving amazing returns)

We also added a display advertising network

Coordinated with our affiliate manager to increase the payout commission

As the traffic increases and we collect more and more data, our RPM and conversion would improve even further. Our goal is to increase the RPM to at least $50/1000 visits. This is considered a very good RPM.

Note that, usually the RPM on our sites is from $25 - $40 (affiliate + display combined). So, this definitely an exception. I am referring to other sites in our portfolio (we have currently 16 content based brands).

An overview of the important numbers, stats, ROI and more...

Metric Before Current Projected (Jun. 2021) Revenue/m $267 $21,853 $30,000 Valuation (50x) $13,350 $1,092,650 $1,500,000 Revenue/y ~ $3,204 ~ $262,236 ~ $360,000

The multiple of 50x is applied because our brand is uniquely positioned to be strategically acquired by 3 major competitors promoting similar products in the home productivity space.

They are heavily funded and based on our discussions with them, they seemed more than interested to acquire our media venture.

We won't go through a traditional route of selling via online business brokering spaces. However, we would directly sell to one of the major players whose products we are promoting.

It is to be noted that, we don't plan to sell the venture till it hits at least 30,000 USD per month. We believe we can hit that without further investment and just optimizing the site for better conversion rate optimization.

What's next...

In essence, content marketing regardless of how it's done is the backbone to grow all kinds of online businesses. Whether it's writing an amazing copy to promote ads or producing content in bulk to drive relevant, highly targeted and converting traffic.

This goes without saying that the times of making money through content websites by writing a handful of pages and building spammy links are gone.

Now, you need to plan properly, create content that not only ranks but also helps the user and then deploying the right strategies to promote it is the way to go.

But, even with those conditions, the kind of ROI that these kind of online businesses offer is much higher as compared to traditional modes of investment like stocks, index funds, real estate etc.

The passive way of making money especially around 30K USD a month through a site definitely requires a lot of resources but it's not impossible.

The communities (like this one) where people help each other are becoming more and more common and it's becoming easier to make money. However, it's also increasing the competition and the kind of resources required to reach certain level of passive income and possible exit.

Anyway, I wish you luck in all your endeavors.

And yes, if you have any questions, please feel free to let me know. I understand that I couldn't cover everything in just one post. That's why I am available to answer your queries.

ASK ME ANYTHING AMA!

Regards

submitted by /u/jamesackerman1234 [link] [comments] February 16, 2021 at 06:04PM

[rosieandthekangaroo]

Last days of winter

I started this post in Catalan and then decided to translate to English because I am a mess. And it ended up being very long, so let’s go!

So, here I will be talking about the last days I spent in Australia and, even though *the feeeeeels*, I will try to narrate what happened without boring you with sentimentalisms (is this a word?). I have been postponing this moment for a few days but if I have managed to have a blog for an entire year, I am not going to leave it unfinished.

The title is both literal (I went from winter to summer) and a kind of reference to the second album by Noah And The Whale, “First Days Of Spring”, but don’t read too much into this.

So, let’s go as it happened. I will go by topics or groups of people because we all know everyone loves reading about themselves so this way people can find the activities they shared with me all together :D

The day I left + the trip will be at the end of the post and in chronological order because I decided so.

UNI.

Exams: blahblahblah, boring, I am excellent, very good grades, boring boring. bye.

Things with 1206 girls and friends:

We went to the beautiful Grounds Of Alexandria.

We walked around for a while, took some cute pictures and then sat for lunch.

We also enjoyed a walk around The Observatory, where we took some pre-teen pictures of our feet that I am not even going to upload because I am too old for that.

But as you can see, the views were cool and my camera dirty.

The same night we went out and woke up very fresh for a beautiful sunrise at Circular Quay:

A post shared by Rosie (@sitagram) on Jul 1, 2017 at 2:58pm PDT

The next day was Katie’s last Sunday (and las day) in Sydney, so we did what people are supposed to do in their last day: Manly by ferry and Bondi walk!

I didn’t take many pictures in Manly because I was very busy buying this jacket:

A post shared by Rosie (@sitagram) on Jul 2, 2017 at 4:24am PDT

I had been trying it on forever but I never ended up buying it because it was too expensive, so when I saw it was 30% off I took it as a sign and got it. In the following days four (4, quatre, lau) people told me they liked it without me asking so that’s a win.

The waves were amazing that day. Sometimes I wish I was a better swimmer... But we are not, and it was cold, so we decided to just stare at them:

A few days later was Lydia’s last day in Sydney, so obviously we did some of the last day musts. In this case, we did Coogee to Bondi.

Gordon’s bay was pretty pretty:

And I sat on a rock south of Bondi pretending to be cool:

A post shared by Rosie (@sitagram) on Jul 5, 2017 at 7:45pm PDT

With half of the girls gone came the time for my last days... Maisie, my true savior in life, came with me to do some hikes I had never done and helped me discover new spots in Sydney.

We did a hike around North Sydney and Watson’s Bay, very pretty <3

She also came with me to do Coogee to Maroubra 

We love each other but don’t sit together in the bus because having a window is important.

My last day was a Sunday so we followed the rules and did Manly by ferry and Bondi to Bronte. I don’t have any good pictures because I was focused on enjoying it, but you have seen it so many times that you can probably imagine it. Thanks Maisie for being there for me so much. Love you.

Since it was a Sunday, it was also infusion day! It’s not my favorite day of the week, but it was slightly better because I got Jarnae to cook my remaining frozen fish for me and I ate it in the sofa and then got Kate in charge of the sauce:

Change in people:

TXOKO THINGS!

First of all, let’s go with San Fermin:

The Txoko organized it Saturday the 8th of July, the day before leaving for Uluru. Or maybe I pressured Uluru friends to leave the day after San Fermin so we could enjoy both. Who knows... (<3)

San Fermin is a tradition that has many things I don’t like but, luckily, the Sydney version didn’t involve them. I dressed up in white

And ended up in not so white.

And you’ll be wondering what happened. Well, we’ll have to go through the pictures to figure it out.

It started with a cup of kalimotxo and a delicious lunch.

It looked like a promising night, even the TV was there:

As you can see, and all Australians could see because this is a still from the piece of news we were in, I was sitting at the end of the table, between the people and the kalimotxo.

Therefore, I was in charge of all the table’s refills and obviously took my 3% every time. 

All good.

And it got even better when I found my true self. My spirit animal. She approached me and asked me to avoid standing next to her. I was very confused until I realized we were both wearing the same jacket. 

I am no Sherlock Holmes, but I think the stains in my clothes appeared just before this picture:

I do have other pictures that could help us solve this mystery, but maybe the public eye is better without them.

The morning after San Fermin we went to Uluru (see the previous post), and the same day we returned to Sydney Montgarri and I went to my last Euskara lesson (straight from the airport!). 

We played some games and learned some words and then more people came and we ate dinner all together <3 It was very nice and I am very thankful for the great moments we shared, and I am pretty sure that in September I will start looking for a place to keep learning Euskera! A part from the lesson and the beautiful dinner, they gave me a t-shirt and a handmade plate that I will keep forever. Eskerrik asko!

My last Saturday was also spent at the Txoko because we celebrated a Castellers lunch, CHRISTMAS IN JULY! The menu was a traditional Catalan Christmas menu

But a down under version: the pilota (meatballs) were of kangaroo meat (or that’s what I was told).

We also had delicious canelons and sorbet the llimona. And to finish, homemade Suchard!!! (Montgarri, this was excellent!).

I had a personalized balloon as a farewell present (and I actually took it all the way home!). 

It was also Maria’s farewell and we both got a Castellers de Sydney bandana signed by everyone

It was nice and sad, thanks for so much, colla!

But let’s not cry, for now. 

Later we played some canalla-friendly games and said goodbye to the canalla and to the Txoko :_(

And held the tears to enjoy a fun night out! We started at Frankie’s Pizza (I could not leave Australia without going to the fucking famous secret room!)

Then we took a cab to Soda Factory and pretended to be fine. YAY. 

Then we said goodbye. And it was bad. Actual images of me crying on the way back home. 

Good thing I was with Maria. Or bad, I don’t know, because she was also crying.

Tip: don’t say goodbye while drunk. 

Ok let’s change topics.

FUN PART CALLED: THINGS NOT CLASSIFIED!

This first one is from castells, so it is linked to the last section, but it’s not a txoko thing... whatever. Last day of castells was fun and I am lucky it was the last because Montgarri broke my pants. I have to say that Anna started breaking them a while ago when she confused pocket and faixa, but Montgarri made the hole ten times bigger and did it in the middle of a tower, so I couldn’t move to cover myself. We laughed a lot, so it’s alright.

The search for new strings became ridiculous because I went to too many stores and they were “out of strings”, “don’t have this kind”, “never had strings”, “closed for whatever”... BUUUUT, it led me to one of the most beautiful music stores I have ever been so there ya go.

I also ended up going to enjoy the sunset at the Opera and it was bananice.

On one of the days I went with the girls to the Bondi area I went for a walk with Bruno. While I waited for him the sky was falling red and super nice. 

After that, they invited me for dinner (after my absurd intentions to pretend I wanted to leave) and we ended up sharing a nice meal and beautiful evening. We even sang the song I wrote for them (this one) with a ukelele. I have a video but don’t know how to upload it here. But here you have a screenshot:

It was nice, thanks Ocean People. 

And now... LAST DAY + TRIP.

To be fair, we’ll start with the last evening. 

We did a nice reunion home. We didn’t do a dinner because of logistics (I was getting my infusions and stuff), but all 1206 (minus Katie, plus Liz) spent a nice evening together. We saw a very entertaining tv show and shared some good laughs. 

While I was getting my infusion I was chatting to Montgarri. She wanted to come say goodbye but she lives in the North Pole, so I told her it was ok, we could call or skype. I thought she was home so we thought skype was better, but then she called me. I could not get it on time so I texted her: skype or call? And she answered “hug!” with a selfie in front of my door. And now tell me, what have I done to deserve people like this around me? Seriously, Montgarri, you are the best. We stayed home for a little while, chatted, even sang a little bit, and then we said goodbye. I didn’t cry because I wasn’t drunk, but it was sad. But we’ll see each other very soon, right? ;)

That evening I finished packing and had to say goodbye to Liz, my beautiful crazy friend, so I went to sleep with the weirdest feeling on Earth.

The next morning I woke up very early and finished packing and cleaning. Then I met with Coti and Beñat for a coffee, since we hadn’t had a chance to say goodbye.

After the coffee, they came to pick up a yoga mat that no one in my flat wanted. On the way home, we stopped at free store because I was told there would be a guitar case in the morning (and I badly needed one to take Daisy home safe).

The case was not in the free store but, on the way to the elevator, we saw a guy with a big trolley full of things and, I think it was Beñat, spotted the case. So lucky they saw it before anyone else could take it!

We took the case upstairs, Coti took the yoga mat and we went back downstairs to say goodbye. 

Very thankful they came so early in the morning, I feel so lucky to have these two crazy (haired) people as friends!

After saying goodbye I went to check out and said the first goodbye of the morning to Jarnae, my beautiful singer and wall mate. Then I finished packing and got Maisie and Kate to help me carry my luggage to the uber.

Then we said a quick goodbye to avoid crying. Or that’s what we thought. The poor uber guy had to deal with my ugly sobbing. 

But when I got to the airport I had to have a clear mind: I was taking too much weight and a guitar!

Have you seen this face? This is the face of a lucky bastard. 

I was allowed 2 suitcases of 23kg each. Well... I carried one of 18,5 kg and another of 30,5kg and DID NOT PAY. I also begged to take the guitar to cabin with me and they let me. Well, they told me that they might have to check it in last minute, but they didn’t, they stored it in some kind of lockers they have next to where they keep the food.

So, once I left the security check behind, I went for the important stuff: spending my last dollars on TimTams. The guitar case I got was soo cool that had side pockets that could fit two TimTam boxes!!!

Once I got the cookies I found a quiet corner where I played some guitar (very quietly, just enough to distract myself), and I ate the fish leftovers I had. 

The first flight was bad. I was supposed to stay awake for most of it and I did, but ugh. I saw Hidden Figures and Dr Strange. Movies were good, but staying awake is hard!

Then we stopped in Singapore and I chose the wrong toilet.

I was also supposed to stay awake for the first 7-8h of the second flight. I rewatched the last Sherlock episode and Pulp Fiction, but I ended up falling asleep too soon.

Then in London, the transfer was easy, but the flight was packed. On the boarding line, I saw small suitcases being checked, so I panicked. A guitar is was bigger than that!

When it was my turn the lady didn’t even look at the guitar so I walked without saying anything. While waiting at the gate chairs, while the rich people were already boarding, a woman approached me pointing at my guitar. I froze. I was ready to not-so-fake cry if necessary. But then she said “get in line with the business people to ensure you have space for that”. Oh la la. So the guitar got home safe. And me too.

When I went to pick up the luggage my two suitcases were the first to appear in front of me. The trip back home was like suspiciously good, especially compared with the way there!

And finally, the meeting! My mom, sisters and sister products (Lluc) were waiting for me with personalized t-shirts!!! They even had one for me. And for some of my friends woohoo!!! They are so cool!!!

So that’s it. That’s the end of my experience in Australia, for now. But this is surely not the last post. I am keeping this blog for other Australia-related activities and thoughts and stuff.

Thank you to everyone who has helped me make this year so fucking cool. I hope we meet again soon. Like really soon. I am not saying this just to say it, I really mean it. I have met very special people and, even though we will not be talking very often nor sharing moments, I am sure you’ll always have a special place in my brain (fuck the heart), and I really want to see you all. 

Now I am almost crying, mira per on.

Dw.

[fuck-customers]

scandal - cliques and sex

**i really love my manager, he was the manager at my store about 3 years ago before i transferred, he then left and then came back about a month or so after i transferred. i've came to him with so many problems - both work related and personally due to various things such as the death of a family member, mental health and even because i wanted time off to do some silly uni assignment last minute. he let me leave 45 mins early one day because i looked upset - he's a gem. and its not just me that he does this shit for - its everyone. i get on with him personally as we have similar interests. he's a pretty good boss most of the time, and he's never been an asshole to me.**

this is kind of a fuck-managers, fuck co-workers thing but anyway my work has broke into proper scandal recently. 

ANYWAY, its highly likely my boss is fucking one of my co-workers, let's call her becky so i don't refer to her as "this girl" 24/7. shes 25, hes 30. 

it's a huuuge story and we basically need to speak about it all for it to all make sense. (and believe me this is the cut version) 

when my boss become the store manager for the second time, everyone was happy cos he's amazing but there was a lot of giggling like, "oh becky will be happy, she loves him" blah blah blah all that bullshit. anyway, she had a boyfriend at the time and he was in a pretty serious long term relationship. i never thought anything of it, cos he is a pretty man and he seemed to be her "type". 

flash forward to about a year later, late 2016, she gets promoted to keyholder. she did a lot of opening shifts - often with my boss. again, i see no problem with this. she's full time and she gets on with everyone. progression. good for her. 

but this is when shit gets nasty! she becomes friends with these two part time girls - obviously there's nothing wrong with this but they form a pretty brutal clique. they managed to get shifts together and just sorta stood and spoke for the whole shift, had their lunches together and did no work whilst hating on everyone else for not doing work, idk whatever. they have this whatsapp chat, where they added pretty much every girl apart from me, a girl we will call "sally" (who similarly, fucked our old supervisor but thats a different story and they date now so its not as bad), the xmas temps, the other full time girl and the mature student whose part time. i cared at first but i got over it pretty soon. 

becky became very nasty to sally, basically because sally seen through her shit and called her out for being a bitch. becky managed to turn most of the girls away from sally, apart from those not in the chat and one of the girls in the groupchat ("emily") who never contributed. sally spoke to my boss about it because she was feeling really shitty, and he just kinda swept it under the carpet - very not a him thing to do. sally couldnt take it and ended up quitting - which is a shame, because sally was probs my closest friend at work.

i spoke to sally about this at a later date when we met up and she said that when she opened with becky and the manager they ignored her and made her do stupid tasks whilst they did really minor jobs together. she said it reminded her of what her and her now boyfriend used to do at work. this opens my eyes a lil, and i noticed anytime i am working with them that they talk a lot, and go on lunch together - my boss normally takes his lunch alone when shes not in and he used to drive home and eat it with his girlfriend - or he'd sit in a cafe.  

jumping a little bit, i was on a shift and was on the phone to a manager of another store, he asked to speak to our manager, and i couldnt find him anywhere. when i finally find him i just hand him the phone, not saying anything because the store was really busy. it sinks in as i walk away from him that i caught him crying. he doesn't properly bring it up again but he asks me and a few other people "what would you do if you saw me crying" - i feel mega guilty but act as if i honestly didnt see, cause its awkward. idk if i mentioned it before but he has like major depression, possibly bipolar but hasnt confronted his doctor on this (i dunno how many people know this) and like, i think some things get to him. like if him and the area manager disagree, or if him and his girlfriend fell out or if he fucked something simple up. hes quite reserved during the xmas period, and very unlike himself. i mention this to a supervisor im very good friends with a few weeks later and they tells me that hes been having problems with his girlfriend and she got rid of their pet dog, for no apparent reason.

so thats...really shit.

at some point becky and her boyfriend break up, im not sure but i notice after a facebook stalk at the start of 2017. this is around the time my manager starts to act more like himself and work feels more normal.

and this is when shit gets more obvious and more weird. 

there's a shift im on with the manager, emily and one of the boys we work with. one of our other managers is getting married and my boss recommended him his friend to be the photographer. so we're all talking about weddings and getting married and children. when we ask our manager about this, he acts flakey and says he doesnt want to get married. its left there but im in with the same people (excluding boss) and becky the next day and the conversation picks up - becky says she really wants to get married but doubts it will happen because she'll "probably fall in love with someone who doesn't want to get married".

my boss starts using his phone on the shopfloor, snapchatting and texting, it gets to the point that our area manager BANS him from using his phone. myself and other staff members notice that he's snapchatting becky a lot. emily tells us when she went on a night out with "the girls" (from the groupchat) becky wasn't off her phone, snapchatting him with "the girls" but then hiding her phone and texting him when she thought nobody was looking. obviously, her little clique seen nothing wrong with this, or blindly ignored it but by this point emily was sick of her shit. 

we win a staff night out. long story short, they go off together for ages. 

another time, she goes over to his house (that he shares with his girlfriend) with the shitty excuse that he was gonna fix her laptop, cos "he can fix them". 

i hear from the same supervisor that told me before about his relationship problems that his girlfriend was looking for jobs in another city without really consulting him. so things are pretty bad. 

emily (bless her) left the groupchat after too many bitching sessions. they start targeting this poor younger gal at work that becky decides to randomly argue with on facebook. they all claim they dislike her because "theres just something about her". i think the gal knows that becky despises her for no apparent reason and is sick of it so she blocks her. they dont really work together anyway, so idk, its a bit drastic but i suppose its fair. emily defends her and leaves. the next day at work, she shows us the whatsapp chat. 

becky screenshots a conversation between her and boss that has statements like "tbh i only hired her because she was hot" and him making a meme of her. its HORRIBLE. its so out of character and weird. and it seems even more fishy that becky is stirring it by showing a large chunk of the work group. personally i feel like becky knows exactly what shes doing, idk, i feel like shes took advantage of the pretty good nature of our sometimes unstable manager and make him like this. i have no idea, i could be biased cos i really like him - he could be using her as a bit on the side, taking advantage of the fact she always had a crush on him.

someone tells other management about the whatsapp, cause y'no... its sick. and emily shows the other managers the picture, and they call him up on it. he seems to be pretty apologetic about it but idk. becky sends emily passive aggressive texts about the whole thing saying she trusted her and whatever blah blah blah... i dont care. its a lot of shit.

someone at my work calls my manager on the way he is with becky and apparently just breaks down into tears and says he left his girlfriend last night and slept in his car. about a week later, someone else calls him out on it and he says he knows he's "been a dick" and kinda ignores the confrontation. i think hes back in his house now, no idea about his girlfriend.

beckys girl posse dont know anything about it, or claim not to, not even the two who shes closest to. i go to the same uni as one of them and one day we meet for lunch, it comes into conversation and she says "well its not any of my business" i try and remain neutral and say if they are doing anything its not fair on either of them and she says: "no its not fair on becky if he doesnt want to date her and only wants to fuck her", goes bright red and changes the subject. 

a few days later, emilys brother who works in a takeaway where becky lives sees both becky and our manager ordering (emilys brother comes into our work a lot - just before the "how did he know who they were" bullshit). he tells emily, and says to her just to say that he saw him, apparently he went bright red about this and quizzed emily on when this was (obv because he knew he was getting caught in this scandal) but she said she wasnt sure. 

so, this week, becky and my manager were caught coming to work together, when they live in complete opposite directions of eachother. i think someones reporting him and i think becky might be transferring to another store.

this is all confusing and a clusterfuck but it feels like something that would happen in a soap opera and its something that i thought i should share.

if there's any updates on either

- the clique being more bitchy

or

- manager/becky relations

i'll keep y'all posted!

[julian-nieva]

Slumped in the back corner on the main floor of East Room, a members-only communal office space in Toronto’s Riverdale neighborhood, La Mar Taylor is glued to his phone. Taylor, who now lives in L.A., had planned on only visiting family and friends while he was in town. But right now, the creative director for Grammy award-winner The Weeknd is planning several projects for artists under the singer’s XO record label. “It always comes together in the last minute,” says Taylor.

The 26-year-old, who’s dressed in a black Puma tracksuit and matching sneakers, met The Weeknd (“Abel,” to him) the first day of their freshman year of high school in Scarborough, a suburban district of Toronto. “We had the same business class and I remember it vividly,” he says, laughing. “I was wearing a pink polo and he had a baby blue du-rag on. We were just cracking jokes at each other.” Taylor and The Weeknd shared interests in music and creative photography, and quickly formed a bond.

At 18, he and The Weeknd dropped out of high school together, and moved into a one-bedroom apartment in downtown Toronto with their friend Hyghly Alleyne. At that point, The Weeknd was already dabbling in music and Taylor was developing his skills in photography. Taylor had planned on becoming a nurse, and he admits he was hesitant to drop out at first. But he eventually surrendered to The Weeknd’s persuasion. “We wanted to live the lifestyle 24/7,” he says. “No ifs, ands, or buts. It just got to the point where we were like, ‘We can’t fucking hop on the train at 1:30a.m. trying to catch the last one to go back home [to Scarborough] and then do the same thing all over the next day. If we really wanted to live our dreams, we felt like we had to live the lifestyle non-stop.”

The independence was difficult at first. “We were all living off welfare checks at the time,” Taylor says. But Taylor, The Weeknd, and Alleyne saw it as an opportunity to network and shape their careers. (Alleyne is now a director for XO projects.) “That experience really shaped us, inspired us, and gave us everything we needed to start working on our first project, which wound up becoming [The Weeknd’s 2011 debut mixtape] House of Balloons.”

Since then, Taylor has photographed the covers for The Weeknd’s mixtapes Thursday, and Echoes of Silence, as well as the three-disc mixtape Balloons Trilogy. He also handled all branding, marketing, and creative directed the Canadian singer’s live shows. “Early on, we literally had no budget,” he remembers. “I was pulling favors, using ex-girlfriends, current girlfriends, just whoever was around.” In 2011, he directed the video for Drake’s “Marvin’s Room,” and later “Headlines” and shot the Take Care album cover.

Fresh off the European leg of The Weeknd’s The Legend of the Fall tour, we sat down with Taylor, who was recently recognized by Forbes in its prestigious 30 Under 30 list, for his first-ever interview. Taylor discuss the early influences that shaped his work for The Weeknd, what it was like working with Drake, and the importance of fostering the next generation of Toronto creatives.

How did you become The Weeknd’s creative director? There wasn’t a role like that back then, you know? Abel was more just like, “We’re about to drop this mixtape and I need a cover.” I knew how to take photos, so I just brought my ex-girlfriend at the time to my mom’s house, put in her in the bath tub, naked, blew up a bunch of balloons and tossed them in there, and shot the cover.

I remember Abel was at the studio [in downtown Toronto] and I was taking screenshots on my phone of the selects and sending them to him like, “What do you think?” I think the first image I showed him ended up being the House of Balloons cover. As soon as he saw that image he was like, “This is it.” Man, that cover just made everything sound so much better.

"I COULDN'T BELIEVE WE WERE SHOOTING A MUSIC VIDEO FOR DRAKE."

What was the inspiration behind the covers for Thursday and Echoes of Silence? For the trilogy mixtapes the whole reference was the the feeling of having the best high. Thursday was the peak, hence the overexposed bright color palette we used compared to the other two covers.

For Echoes of Silence the cover represented the aftermath of the party being over, the come down from the high. We went with a dark, eerie approach with the visuals to reflect that feeling.

Did you look to any artists for inspiration? Not really. I was looking at a lot of fashion editorials and that’s what was really inspiring me during that time.

Where did you go to find references for your projects then? I remember being hooked on Tumblr as a kid. That was a gateway to the world for me. Being a kid from Scarborough who really hadn’t left the city at all, I just didn’t know much about anything. Tumblr opened my mind to the world and what it had to offer in terms of design, fashion, music, culture, and everything else. I was on that 24/7. I was consumed by it. So obviously a lot of my inspiration came from there.

You’ve also worked with Drake. How did that relationship come about? [Drake’s manager and OVO founder] Oliver [Khatib] discovered Abel’s music and showed Drake. They reached out to us and said they loved the whole creative direction. They asked us how we felt about helping him out with some creative. From there, they started giving us projects.

What was your inspiration for the “Marvin’s Room” music video? At that time Drake really wanted to put on for the city. I mean, it’s something he’s always wanted to do, but he wanted to capture that visually in both the “Marvin’s Room” and “Headlines” videos. The setting for both videos were based on showing his personal day-to-day life in Toronto for the world to see. At that time, Toronto didn’t have a great presentation. Nobody really knew what was happening up here. All the locations we shot at is where we’d be 24/7. “Marvin’s Room” took place at Goodnight Bar. We also used Harbour Sixty Steakhouse. It was about representing the lifestyle for everyone to see.

“Marvin’s Room” was a big learning experience for us. Drake is still is the biggest artist right now, but at that time he was huge. I couldn’t believe we were shooting a music video for Drake. And it was the first music video I ever directed. I made a lot of mistakes with that but I definitely have no regrets.

What was it like working with him? Working with Drake was an amazing experience. It’s always easier and more fun to work with people that you came up with and you have a personal relationship with.

How have you seen the creative scene in Toronto change over the years? I remember when we were first coming up, we were one of the only few collectives in the city. Now, when I come back to the city, I’m seeing more and more creative collectives—Kid Studio, the DSTRY boys, Derek Wise and his crew. It’s very inspiring to see these guys coming together, putting their forces into one project, and seeing what can come out of that. It reminds me of us, when we were just starting. We were this creative gang of photographers, designers, and musicians, who were just putting everything in one pot and pulling resources to create the best product possible.

After Kiss Land, The Weeknd went from being a mysterious singer people didn’t know much about to a pop star. He even cut his hair last September. How instrumental were you in those decisions? Obviously Abel’s the captain of the ship and we go off his vibe. If he says he wants to cut off his hair today we’re just like, “Okay, this is how we are going to present it and ensure it’s the biggest and best way possible.”

It’s does become more challenging because the bigger Abel gets the more eyes he has on him. So that gives us—I don’t want to say pressure—but there are a lot of eyes and attention on the projects as well. We know people are watching his every move, so we’ve got to go real big with every project and ensure there are no fuck-ups. We were doing everything in-house back in the day but we realized that if we were going to bring it to this next level, we were going to have to work with the best. That changed everything for the better. We started working with our idols, people we admired, and I love that. I feel like relocating to L.A. was also vital to that. We wouldn’t be where we are at now if we didn’t move to L.A.

Beauty Behind the Madness was a hugely successful album. What was the decision to change the direction for his projects when Starboy was released? We don’t like repeating anything we do. We’ll kill the Starboy aesthetic and then it’ll be onto the next on. We’re not really too concerned about other people copying our moves; we’re already four moves ahead.

It’s all just vibes, to be honest. Thankfully, I’ve known Abel my whole life, so we have that chemistry where we know each other’s taste levels and that makes it a lot easier to work together. When we’re going into a new project everything starts with the music. We listen to the lyrics, vibe out, start throwing around ideas and pull movie references. We strategize what we can do differently from the previous projects and build the excitement around that. Our whole approach to marketing is generating excitement around the project. I feel like you don’t see that in music anymore. People now just drop albums, get the first week numbers, and move onto the next. It’s not like a movie rollout. But we want to make sure it’s a moment, people are excited and inspired, and looking forward to the project.

How involved are you in creative direction for other XO artists, like Derek Wise, NAV, or Belly? How do you approach working with these individual artists? I pretty much handle everything for Belly and work very closely with Cash, who discovered our newest artist NAV, on his creative presentation. Derek has his own internal team that I work closely with and mentor in areas I can help with. It’s just relationships. You have to really know that person, talk and go back and forth on ideas, and trust each other’s vision.

Do you have any plans to work as a creative director outside of music? Yes, definitely. I’m in the process right now of creating my own creative facility in Toronto for the youth coming up. I remember working on the design layout for House of Balloons with my creative partner and one half of the team Drop, we’d come down from Scarborough to [Toronto arts college] OCAD and hack into their computer system so we could use all the tools on there. We didn’t have access to anything else. We had no money at the time to download Adobe or Final Cut Pro. In my head, I’m just thinking, how many more creatives in the city are in the same position? They don’t have the tools to execute their vision, so that’s what I’m trying to build for them in the next two to three years.

You’re big on helping young, up-and-coming talent from Toronto. I’m in the position right now to help all my friends and peers. I always try to plug them into my outlets any way I can. If we’re shooting a music video or doing a cover, I’ll always try to hit up somebody from Toronto. I feel it’s my job as a creative to provide opportunities for other people.

I remember working with [Toronto-based design studio] Kid Studio in the beginning. We were looking to do a video for “King Of the Fall” and Abel wanted to do a viral video. I told him we had to work with these guys like, “Let’s do something simple in Toronto with the homies posted up and capture all that.” I remember going to the studio and seeing the playback and the final cut and being blown away.

I saw a photo of you, Cash, Future, and The Weeknd on the set of a music video. What’s up with that? I can’t say what it’s for yet, but yeah, we were working on a video together. It was super nostalgic. Seeing Abel and Future together on the TTC [Toronto Transit Commission] subway put everything into perspective for me. We really came from the mud and went global. It’s crazy to think that the day that photo was shot was the sixth anniversary for House of Balloons. I don’t know if that’s just a coincidence or a sign from the universe.

[heatherrdavis1]

Ethereum 2.0 Confusion BTC Hash Drop Bitcoin Going Viral Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

Via https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/

source https://cryptosharks.weebly.com/blog/ethereum-20-confusion-btc-hash-drop-bitcoin-going-viral-ethereum-like-facebook-fixed-rates

[jeffrmayhugh]

Ethereum 2.0 Confusion, BTC Hash Drop, Bitcoin Going Viral, Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/ source https://cryptosharks1.tumblr.com/post/618171064639438848

[scottmapess]

Ethereum 2.0 Confusion, BTC Hash Drop, Bitcoin Going Viral, Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/ source https://cryptosharks1.blogspot.com/2020/05/ethereum-20-confusion-btc-hash-drop.html

[cryptosharks1]

Ethereum 2.0 Confusion, BTC Hash Drop, Bitcoin Going Viral, Ethereum Like Facebook & Fixed Rates

VIDEO TRANSCRIPT

Low where everybody, welcome back for another video. Hope you’re all doing well and that you’re all having a great day to start things off in. Very confusing. Weird. Odd. Don’t really no news. With a newly launched multi-client test net Theorem 2.0 is on track to meet its phase zero pre launch requirements. In theory, I’m co-founder of Italic, Budarin said on Monday, kicking off Quoin Desk’s Consensus Distributed Conference Beta and discussed the latest progress. In particular, he highlighted the recent release of the first Ethan 2.0 multi-client test net. The launch of the new network, dubbed She Lazy, is a major milestone for a Theorem 2.0 development. It is, or since it is a what? It is a yes. It is a hard, prelaunch requirement that two or more compatible clients run a test net together for at least two months. Right now, the sleezy network features two clients. They are Lighthouse and PRISM, the tech who and nimbies clients have also sinked with lazy and will soon run their validators on the test net with four clients and to operate on the test net. Lazy is laying the ground for the official multi-client test net that the theory and foundation will deploy in the near future. Here we go. Justin Drake, a researcher at the Theory and Foundation, previously said that the team is hoping to release phase zero may net before the 30th of July, the fifth anniversary of the theory and 1.0. But the launch schedule pushed repeatedly from the initial date since January quarter three, January 3rd of quarter two to now quarter three. It is unclear whether the project can follow through on the July timeframe. I’m pretty sure you see where this is all going. This one tying directly into this hearing reports of a July launch date, Theorem 2.0 Metallic Budarin said he misheard the question at a conference and now clarifies further as to the launch of the official launch of Winning Theorem 2.0 is going to be in a response on Twitter conversation discuss the July launch date. Vitaly responded by saying, Yeah, I did not say July. Perhaps the question contained the word July, but I did not hear July when it was asked. OK, I definitely should have heard Juline the question. It was my mistake. End quote. It happened yesterday at the virtual conference consensus, which is currently underway. Vitaly notes that he misheard the question when the when the confirmed what who wrote this? Which confirmed the launch is still on track. Early on February, another developer seemed to have 95 percent confidence in a July launch, which was then referred back to the reports to which he gave a thumbs up. Later in an e-mail. This is ridiculous. Later, in an email response to Coin Desk, the organizer of the conference clarified. My actual stance is that Ethe too is on track and that there aren’t any unexpected bumps in the road. Test nets are coming along, etc.. But I defer to the club. Calev client devs on timelines and if they are now saying quarter three more broadly than I believe them, since 2019, the developing team has made progress with a series of initial launch of the second chain, but none can. Who wrote this? But none complete. The last significant development was the initiation of the proof of state protocol, but only a on a public test net without daps applications as mark contract platform. So for those of you who are not paying attention. The news that we are getting right now, at least over the last 36 hours, is that apparently and even I think it says it’s somewhere around here as well. If I’m not mistaken, about. But up. Pop up. Yeah. Apparently, a lot of people are like, what’s going on? I heard July. You heard July. Everyone knows her. July. The news that we are now getting is that. Not July, Vitalii never heard. July, he should have heard July and therefore maybe not to July. It says, nevertheless, the community was still looking into a July launch. Yeah, because we’ve heard about that for the last four or five months. The CEO of Oak Coin, Jason Liow, expressed disbelief on his own bid being misled. He said, I’m shocked. But others in the community also mentioned July like we all. Heard July, and I mentioned this a couple of months ago. Remember, remember, I said? I have a feeling that what’s happening with Cardno is going to be pushed back. We all heard May. And then as we got closer to May, the May timeframe became. Oh, yeah. This is this is for family and friends, too. To test it out. And I said a theorem needs to really get moving because we are in a we’re in a very. The word is an unexpected time. I mean, yes, yes, yes. Gibbs’. Yeah, it’s actually completely unexpected. But the coins have to kind of start getting a move on, as it were. And I said the most ridiculous thing would be, I think I said this in February or March, is if we start getting closer to July and we hear the O. July. Is that a month? Oh, no. There’s there’s there’s no July, any theorem. So the news that we’re getting now is quarter three. January, February, March, April, May, June, July, August, September. That now puts us anywhere between July to September. As quarter three that we have all seen and you heard me say. Where you theory home 2.0. I am not losing faith or losing hope. Is like just get a move on already. If this is only the phase zero launch, we’re going to have very big problems because the full release of a theory M 2.0 is probably going to take a good three to four years at this point. So, yeah, that is the I mean, this news was all over the place. A lot of people are scouring the Internet trying to find information about him saying July, the July information. The interesting part is that we all heard July in some form or fashion, as was quoted multiple times. I haven’t mentioned about a good two two weeks ago. Who cares about the exact time frame? One of italic uterine was on stage or is talking somewhere. And he was. We’re still on track. Everything’s good. And everyone took that as an okay for the July time frame. So apparently, Terry Yttrium Theorem 2.0 is still being worked on. It’s still going to happen. But apparently the 30th of July that we all heard is apparently no. Anyway, I mean, I called it and I give it. I don’t even I I don’t even want to give a timeframe. I was going to say even for a Cardno, I give them around to July when they’re going to try and push it back once again. But I listen. I mean, at at at at at this point, it kind of is what it is that the fact that so many of these projects have lasted this long with this amount of delay is just extravagantly amazing. Let’s move on. Next up, bitcoins hash rate, the measure of miners performances appears to have dropped by about 16 percent after the third, having as miners now generate twice less from the block subsidy. According to the bloc’s estimates, the daily miner revenue has dropped by about 44 percent after the having from sixteen point one million to around nine million U.S. dollars. Most of the older ASIC mining equipment, such as the anti miner S9, is now on profitable. The new Djenne devices, such as the Anta Miner s 17 and what’s miner M 30? S remain a vastly profitable. The cash rate appears to be down from one hundred and twenty two Exxon hashes to one hundred and two over the four largest mining pools. Those, those, those and those pool and seems to have lost the largest amount of cash rate, approximately 30 percent, with the BTC dot com losing around 10 percent. This was to be expected. We spoke about this yesterday. The news that we had at the beginning of yesterday’s video was at the hash rate had spiked. I assume that was because everyone was like, well, let’s try to get more Bitcoin. And then they realise that the reward has been cut in half and it is more difficult to mine Bitcoin now. So this was to be expected. But, yeah, this is also passing around in the news a lot as a lot of people are. I don’t wanna say sensationalizing things. However, when you get a drop in hash rated any point, but it happens all the time whether Bitcoin has happened or not. It tends to make a lot of news. And I guess the news that we had before that apparently miners would start turning off their machines if it was not profitable enough for them to be able to mine Bitcoin, then here we are. The news that we also had a couple of months ago, about a month ago, maybe an exact month, was that I think Bitcoin has to be air quotes, I think above twelve or thirteen thousand dollars in order to it to be for it to remain extremely profitable for actual miners to stay in the game, as it were anyway. Yeah, that’s the Bitcoin news there was today. You may have noticed like a lack of price news. There was no price news nowhere. Not noting that no matter where I looked, there was nothing negative and or positive. The prices have relatively gone sideways since the having has taken place. No real ups or downs? No. What’s the word predicted drops yet and no predicted sky rocket things, at least at the moment. Yeah. Let’s move on. Next up, while trainees trades while trading Chinese yuan for bitcoin may technically be banned in China. That hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This was made clear on Sunday when Sam. Mao, CSO of Block’s Dream, noted that according to data from Weibo or Weibo, which is that Chinese Twitter air quoted Bitcoin was a trending topic. This is the third time that this has happened the past two weeks, according to a screenshot of Weibo Ibos, the trending list from the 10th of May. Shared by Mao, a search term mentioning Bitcoin’s price drop was recently the 13th most popular term on the platform. This is noticeable as Weibo. Weibo is a platform used. I haven’t had no idea what to say. Use my literally. Wow. Four hundred million people monthly. Showing how excited the Chinese are about BTC. Here is a list right here. I do not read Mandarin. Therefore, I’m going to keep scrolling down. The popularity of Bitcoin in China seems to be somewhat tied to an article shared by the finance column known as CCTV. What the biggest television broadcast went on there. Their television broadcaster is called C.C.. Kind of putting a hat on a hat. CCTV is the predominant state owned television network in mainland China. They call it CCTV. The point is, despite the banning of trading within China of Bitcoin, it appears to remain very popular. We had news like this a couple of weeks ago as well. It wasn’t this guy from Block’s dream, but someone else had posted. I think that Bitcoin was the what was it, the second or third most popular trending topic in China? Four, 400 million is a lot of people for 400 million users just on this one app alone. That’s more than the entirety of the United States. That’s a huge amount of people. Can you imagine if we had a situation where on just American Twitter or American Facebook or American Instagram, where Bitcoin was the second or 13th, the most spoke spoken about topic in the entire country? That’d be completely insane. So I wonder what would happen if people in China had complete access to I mean, their government also knows that they can’t give them complete access because of things like this. Can you imagine what for? If Bitcoin had had become the number two trending topic, especially a news article called like Bitcoin price rise amongst 400 million people, these 400 million people would have at least tried to purchase a million. Satoshi is each at least, which would have definitely done something to the price anyway. Yeah. That’s the. We bo y bo Twitter number 13 news for today. I mean, it’s it’s it’s it’s it’s very unsurprising. This is why I keep mentioning Bitcoin’s a lot more popular than people. Believe or understand, a lot of times we kind of put ourselves in our own bubble, whether it be here on the channel or with our friends or community, what have you. We don’t realize that there are hundreds of millions of people around the world who are also they know the name Bitcoin and are either on the cusp of buying Bitcoin or already own Bitcoin. It is a quite the fascinating indeed. Let’s move on. Next up, with crypto currencies, there are no cash flow statements or balance sheets and investor can analyze to get a good sense of their intrinsic value. This makes it hard for a conservative Wall Street players such as Warren Buffett who analyze their instead nope investments and by discounting cash flows from dripping from dipping. Who keeps writing these weird words? And I can’t read. According to hedge fund manager Mike Novogratz, though, he theorems that dollar value is predicated on the concept of a network effect, which is an economic concept that the value of a network B that technology or money is predicated on how many people use it. Over the past decade, cryptocurrency is have formed market capitalizations in the billions and billions of dollars, according to Crypto Slate’s Coin Reinking Page. There are currently over 16 coins worth over one billion dollars and fifty five worth over one hundred million dollars. That raises the question what is behind these high valuations? How could projects just years old be worth so much? For those of you who want the answer, a lot of them are inflated completely in price. These coins aren’t being used. So when you see a coin where ninety nine percent of all transactions are happening through a weather app or another coin where ninety five percent of all transactions are happening just between two addresses. Hum. You realize that these things are the word fraudulent comes to mind. However it comes more down to these things are overvalued and should not be valued even over a million dollars because no one’s really using them for a theorem. At least it’s a simple network effect. Speaking on a panel at the ethereal virtual summit. The latest virtual crypto conference, former Goldman Sachs partner Mike Novogratz shared his sentiment with you, Theorem co-founder Joseph Luban. And for Cats’ News or Katz for four oh four forecast y. Spell it that way. Forecast the dots news g allow. He argued that he theorem garnering a 20 billion dollar market cap is based on a confluence of a different used cases on the block chain, such as decentralized finance, enterprise applications or stable coins, garnering a vast amount of users, which then creates a network effect that increases prices exponentially. This contradicts the belief that he theorem is only valuable because it facilitates ISO’s, which was a popular sentiment in 2018. He said one of the things for the theorem narrative is valuing the network, kind of like we do with Facebook. The more network effect you get, the better. Like getting Teather to migrate its coin. We theory M brings people using that to the network. Mike Michael Novogratz is a hyper ethereal and hyper bitcoin bull. This is actually I’m surprised it took so long for this to actually come to the light. If that kind of makes any sense. This is a major reason for the valuation of Bitcoin. Usually you don’t hear. Why is Bitcoin worth so much when you get the news that Bitcoin last year transacted over a trillion dollars? Eighth largest currency, what have you, so on and so forth. These these discussions kind of disappear because you understand that regardless of what anyone Warren Buffett, he might say about Bitcoin, we know that Bitcoin is being used as being accumulated, is being passed back and forth. People are being paid in Bitcoin, buying flights, a Bitcoin, what have you. But we never usually get this discussion for a theory. I mean, usually focuses around the idea that a theorem is only good for ISO’s NRD five projects. But it comes down to also if other people continue to build their stuff on top of you theorem and therefore ether in some ways being used or the ether theory of network is being used by tens of millions of hundreds of millions of people around the world. And therefore the network also have has tons of value. However, you can’t really do that with 15 transactions per second. So, yeah, I mean, it’s just it’s just a very weird and odd conversation because. When people ask me and have been asking before which coins I’m into when they are usually shocked that I’m rarely only kind of paying attention to a couple of coins, it’s because of that. It’s because we can mathematically see transactions going through the the Arpey ledger. We can see how many people are actually using Bitcoin. We can see based off of metrics that a theorem remains popular regardless of how slow it’s currently going, and also the companies and countries who are going to be building on top of it. But then you get into discussions. I’m not going even name other coins because I can feel the the the angry comments coming. These other coins aren’t being used. Their usage has dropped exponentially, has nothing to really do with the price. Price is a different kind of metric for people who are exclusively trying to invest in these things. When you get the actual usage of them, it pales in comparison to the top three. And I guess this is why they are the top three and subsequently why Teather is in the top four. Regardless of how many Teather are actually being printed, Teather is laid out across. What is it, five or six, seven different block chains and is being used actively on a daily basis. So in some odd apocalyptic way, it garners that position as the fourth largest coin. But then you get the other coins. They’re not really being used. Speculation is not a usage or talking about that. You’re going to be building a platform on top of them to be able to mimic something that he Theorem X, Arpey or Bitcoin is doing doesn’t also really garner value. So I’m expecting still at some points, a great crash, a great wave to wash away unworthy coins within the cryptocurrency space. That does not mean that a lot of coins that I am holding, a lot of alt coins will not go up in value. Of course, they are going to go up in value at some point because people will be able to push the prices up. The hype cycles will return. And at that point, I will be cashing out of a lot of them. However, as far as long term. Growth holdings. There’s a reason once again why institutions use you really are just focusing on two coins. It’s because other coins have to kind of prove themselves and if they don’t, they’ll be washed away and then they’ll be replaced by other copycats who also claim to be able to do the same exact thing. And that’s just how things go. Oh, yeah. Let’s move on. Next up, Weiss ratings predicts that the value of gold will increase once 19 is over, but says its upside pales in comparison to that of Bitcoin. According to the crypto ratings agency, the digital nature of Bitcoin gives it several advantages over gold. The traditional hedge against inflation. Government bureaucrats cannot inflate away the purchasing power of your gold like they can with Fiat. But do they can send in storm troopers stomping in to seize it? In 1933, the US president famously confiscated all of the gold in America. Well, that’s nice of him. Australia’s 1959 Banking Act empower the government to force private citizens to turn in their gold for paper. And the 1966 British labour movements made it illegal for any person to own more than four pieces of precious. What was wrong with governments? Don’t think stuff like this can’t still happen. Bankrupt spendthrift governments, especially when their banks are against banks, backs are against the wall. We’ll grab at just about any assets they can lay their hands on. Yeah, this is and that’s definitely true. Bitcoin is also more mobile than gold, argues Weiss ratings, because it requires costly permits and protection during transport. The same is true when it comes to storage. Gold needs a secure location, like a vault or a bank. But Bitcoin does not have the same requirements because there is no physical assets to store. Sure, it’s clear that Weiss Ratings likes Bitcoin. We’re seeing a lot of I don’t know why it why why this particular year, we used to see maybe thrice a year discussions as to the Bitcoin v. gold argument. However, this is like a like a weekly thing now where people are talking about the power of Bitcoin over gold. Maybe they’re just trying to get other people to understand. I don’t know. It’s it’s clear that Bitcoin has many advantages over gold. And at least in my eyes, that Bitcoin is going to. Incredibly outperform gold over the short, near, long, far forever term, being up nine million. If gold had gone up nine million percent since 2009, I would guess everyone should buy some gold. But it’s Bitcoin that has gone up nine million percent. So it’s clear that there is a, at least for me, a clear winner in all of this. Good job wise. Keep keep spreading the. The Bitcoin news, as it were. And to finish things off, she’s shaking his robot hand. That is the weirdest thing of it. Is he? OK. A researcher from the crypto asset firm paradigm. Has co-authored a white paper for a new decentralized finance or DFI lending protocol based with fixed interest rates. The White Paper for yield, a protocol was written by paradigms. Dan Robinson and Alan Neame. Berg, who announced the project on the 8th of May named Berg, also announced that yield protocol has received seed investment from a paradigm which will be designated toward building the initial version of the product. The theory and based protocol purports to introduce fixed term fixed rate lending and interest rate markets to decentralized finance. Those of you who do not know a lot of these. D decentralized finance protocols that give a yearly interest rates, yearly returns on your money. They have fluctuating rates like you would not believe. I have a friend who is actually into a couple of these things. He does side jobs. He breaks Web sites. He does all these things for companies and they pay him. I believe in. And Di D.A., I think he gets paid and die, I remember. Anyway, the point is he then puts that dye into other projects, which then allow him to get an interest rate. He was showing me some of the rates. Like some days it can be like twenty two percent. Other days it’s like for some days at zero point one. And that doesn’t really shine. I mean, nobody really wants to know. If you put your money into something, you want to know that you’re going to get a consistent, even if it’s just five percent is going to be a consistent five percent abody once twenty two percent and then a zero the next day. That does not sound fun. Yields white paper describes a standard for a token that settles based on the value of a target asset on a specified future date and which is backed by some quantity of a collateral asset while defies protocol like maker Dow have garnered significant popularity within the crypto community over the past years. The floating nature interest rates associated with these vehicles have proven to be subject to significant volatility. Yeah, here we go with with maker loans fluctuating between zero point five percent and 20 percent during 2019. No, thank you. This is why I think staking is going to be a very big thing as long as we have a a year long, if not a two to four year long fixed interest rate on some of the stake in coins. I think that is going to really take off. There’s no way that I want zero point five percent on my money. And then I have to hope that the next week or the next month is going to give me a a 20 percent, which would be great. But then if the next month at that is giving me two percent, then, you know, I, I can’t deal with all that emotion. So I hope this works out for them. I’m sure we will have eventually some type of a relatively fixed interest rate even in the in any traditional markets. There is never a 1000 Prosek percent fixed interest rate. You’ve seen the before your whole life. We have five percent, two percent, four percent. It’s though roughly ranges around the same number. But people need the word isn’t clarity consistency when it comes to their investment. So good luck to them. I hope that works out for them because I also think that Devi is going to be very big in just a matter of, you know, you got to make good money before you actually put your money into it. As always, a very special thank you to my patriot and supporters, Professor Walli from Gunbower University, Utopia. Five, six, nine. Yashar not a Moonman Hi X Arpey the pothead Joshua Vinyard Martin story or Tongo Lolo song go Lolo knows Bromo John starts in the animal reader a biblio phobia. Tomalis Adam Grayslake Mohammed Ronie Master Ventures in Thailand. Jared Schnieder Wild Night Owl to Fortune to the World Crypto Joe Bankroll Network Adobo Crypto Artist Cody 3D Nicolas Where on Earth one piece will love Damian set soon a Nick Kanigher Richie Rich at their Vlad the Impaler Praksis Nick Munjal Laborie Anthony Charles Jim Garner Jeremy Fox Minting Coins Miller Hitchhikes Every Day and Cowslips Leg Day Yes to crypto buddy make both face any time. Fitness amongst staff are medic seventeen bake me a cake Take a robot show Nyssa on crypto with LANL Crayola Michala you are Allen Hold on I have to sneeze. Thank you all very very much for your support. Thank you to everyone who is a member of the channel by clicking the little join button below. And thank you to everyone who has subscribed to the new channel. I am still very shocked. Thank you very much. I am happy for the the but the looks now. Wait, wait. Well the support support out of think. That’s what I wanted to say. But thank you for the support on the new channel. I do appreciate it a lot. At the moment the market is basically exactly where it was about a day or two ago. Bitcoin is currently up by one point three, six percent. Every other coin is down by point thirteen point zero, one point six six point two three point zero seven, neither here nor there. There’ve been tons of fluctuations, but we seem to always revert back to the same area, more or less where we were before. You have some anomalies with coins going up. Lumens is going up. Sure. SOS, Tron, Shaw, SOS. Did you buy it? I mean, I, I was going to make a joke, but it just doesn’t. You know what I was going to say anyway. Yeah. The markets what I think a lot of people were expecting huge spikes up or huge slams down or price is kind of being all over the place, but it seems to be neither here nor there. I saw an article earlier discussing that if Bitcoin does happen to pass by nine thousand and that I think it was nine thousand one hundred and maintains it for closing, I eat twenty four hours, give or take, then we could potentially see some movements upward in price. Yeah, I don’t know. Yeah. I really just simply don’t know. I do hope that you all enjoyed. I do hope that you all are having a great day. A great morning, a great afternoon, a great evening, wherever you are, wherever you might be. I do hope that it is absolutely fantastic. All of you remember. Of this year, if we get near the end of quarter to which we are current, where we’re at quarter to quarter to and we still don’t have any Theorem 2.0, we can use that as a reference point. Thank you all once again for watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/ethereum-confusion-btc-hash-drop-bitcoin-going-viral/