Designating the Endogeneity in the Cryptocurrency Market

Complete Guide to All r/neoliberal Flair Personalities [J-L]

Please see the first post [A-I] for more info about this post. Unfortunately, post character limit is 40k, so I will have to break this into multiple posts linked here:

[A-I]

[J-L]

[M-P]

[Q-Z]


James Heckman
1944 – Present Born: United States Resides: United States
· Professor in Economics at the University of Chicago. Professor at the Harris Graduate School of Public Policy Studies. Director of the Center for the Economics of Human Development (CEHD). Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group. Heckman is also a Professor of Law at ‘the Law School’, a senior research fellow at the American Bar Foundation, and a research associate at the National Bureau of Economic Research.
· In 2000, Heckman shared the Nobel Memorial Prize in Economic Sciences with Daniel McFadden, for his pioneering work in econometrics and microeconomics.
· As of February 2019 (according to RePEc), he is the next most influential economist in the world behind Daniel McFadden.
· Heckman has received numerous awards for his work, including the John Bates Clark Medal of the American Economic Association in 1983, the 2005 and 2007 Dennis Aigner Award for Applied Econometrics from the Journal of Econometrics, the 2005 Jacob Mincer Award for Lifetime Achievement in Labor Economics, the 2005 Ulysses Medal from the University College Dublin, the 2007 Theodore W. Schultz Award from the American Agricultural Economics Association, the Gold Medal of the President of the Italian Republic awarded by the International Scientific Committee of the Pio Manzú Centre in 2008, the Distinguished Contributions to Public Policy for Children Award from the Society for Research in Child Development in 2009, the 2014 Frisch Medal from the Econometric Society, the 2014 Spirit of Erikson Award from the Erikson Institute, and the 2016 Dan David Prize for Combating Poverty from Tel Aviv University.
“The best way to improve the American workforce in the 21st century is to invest in early childhood education, to ensure that even the most disadvantaged children have the opportunity to succeed alongside their more advantaged peers”

Janet Yellen
1945 – Present Born: United States Resides: United States
· Successor to Ben Bernanke, serving as the Chair of the Federal Reserve from 2014 to 2018, and as Vice Chair from 2010 to 2014, following her position as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. Yellen was also Chair of the White House Council of Economic Advisers under President Bill Clinton.
· Yellen is a Keynesian economist and advocates the use of monetary policy in stabilizing economic activity over the business cycle. She believes in the modern version of the Phillips curve, which originally was an observation about an inverse relationship between unemployment and inflation. In her 2010 nomination hearing for Vice Chair of the Federal Reserve Board of Governors, Yellen said, “The modern version of the Phillips curve model—relating movements in inflation to the degree of slack in the economy—has solid theoretical and empirical support.”
· Yellen is married to George Akerlof, another notable economist, Nobel Memorial Prize in Economic Sciences laureate, professor at Georgetown University and the University of California, Berkeley..
· In 2014, Yellen was named by Forbes as the second most powerful woman in the world. She was the highest ranking American on the list. In October 2015, Bloomberg Markets ranked her first in their annual list of the 50 most influential economists and policymakers. In October 2015, Sovereign Wealth Fund Institute ranked Yellen #1 in the Public Investor 100 list. In October 2010, she received the Adam Smith Award from the National Association for Business Economics (NABE).
“In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.”
“I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not unemployment.”

Jared Polis
1975 – Present Born: United States Resides: United States
· 43rd governor of Colorado since January 2019. Polis served on the Colorado State Board of Education from 2001 to 2007 and was the United States Representative for Colorado's 2nd congressional district from 2009 to 2019.
· Polis is the first openly gay person and second openly LGBT person (after Kate Brown of Oregon) to be elected governor in the United States.
· In 2000 Polis founded the Jared Polis Foundation, whose mission is to “create opportunities for success by supporting educators, increasing access to technology, and strengthening our community.” Polis has also founded two charter schools.
· Polis was named Outstanding Philanthropist for the 2006 National Philanthropy Day in Colorado. He has received many awards, including the Boulder Daily Camera's 2007 Pacesetter Award in Education; the Kauffman Foundation Community Award; the Denver consul general of Mexico “Ohtli”; the Martin Luther King Jr. Colorado Humanitarian Award; and the Anti-Defamation League's inaugural Boulder Community Builder Award.
“Having alternative currencies is great, right, because, historically, government's had a monopoly on currency. At the end of the day, why should only politicians—either directly or indirectly—control the currency? We can reduce transaction cost, provide an alternative, and—look, I don't know whether it'll be Bitcoin or not—but I think the concept of digital currencies is here to stay, and the fact that a politician would write to try to ban them in their infancy is just the wrong way to go about it. Let the market determine whether there's any value there or not.”

Jeff Bezos
1964 – Present Born: United States Resides: United States
· Best known as the founder, CEO, and president of Amazon, Bezos is an American internet and aerospace entrepreneur, media proprietor, and investor. The first centi-billionaire on the Forbes wealth index, Bezos was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018. In September 2018, Forbes described him as “far richer than anyone else on the planet” as he added $1.8 billion to his net worth when Amazon became the second company in history to reach a market cap of $1 trillion.
· Bezos supported the electoral campaigns of U.S. senators Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. He has also supported U.S. representative John Conyers, as well as Patrick Leahy and Spencer Abraham, U.S. senators serving on committees dealing with Internet-related issues.
· Bezos has supported the legalization of same-sex marriage, and in 2012 contributed $2.5 million to a group supporting a yes vote on Washington Referendum 74, which affirmed same-sex marriage.
· After the 2016 presidential election, Bezos was invited to join Donald Trump's Defense Innovation Advisory Board, an advisory council to improve the technology used by the Defense Department. Bezos declined the offer without further comment.
· In September 2018, Business Insider reported that Bezos was the only one of the top five billionaires in the world who had not signed the Giving Pledge, an initiative created by Bill Gates and Warren Buffett that encourage wealthy people to give away their wealth.
“Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.”
“We have the resources to build room for a trillion humans in this solar system, and when we have a trillion humans, we'll have a thousand Einsteins and a thousand Mozarts. It will be a way more interesting place to live.”

Jens Weidmann
1968 – Present Born: Germany Resides: Germany
· German economist and president of the Deutsche Bundesbank. Chairman of the Board of the Bank for International Settlements. From 1997 to 1999, Weidmann worked at the International Monetary Fund. In 2006, he began serving as Head of Division IV (Economic and Financial Policy) in the Federal Chancellery. He was the chief negotiator of the Federal Republic of Germany for both the summits of the G8 and the G20. He was given the 2016 Medal for Extraordinary Merits for Bavaria in a United Europe.
· Weidmann was involved in a series of major decisions in response to the financial crisis in Germany and Europe: preventing the meltdown of the bank Hypo Real Estate, guaranteeing German deposits and implementing a rescue programme for the banking system, piecing together two fiscal-stimulus programmes, and setting up the Greek bail-out package and the European Financial Stability Facility (EFSF).
· In a 2011 speech, Weidmann criticized the errors and “many years of wrong developments” of the European Monetary Union (EMU) peripheral states, particularly the wasted opportunity represented by their “disproportionate investment in private home-building, high government spending or private consumption”. In May, 2012, Weidmann's stance was characterized by US economist and columnist Paul Krugman as amounting to wanting to destroy the Euro. In 2016, Weidmann dismissed deflation in light of the European Central Bank's current stimulus program, pointing out the healthy condition of the German economy and that the euro area is not that bad off.
“I share the concerns regarding monetary policy that is too loose for too long. … As you know I have concerns about granting emergency liquidity on account of the fact that the banks are not doing everything to improve their liquidity situation.”

Jerome Powell
1953 – Present Born: United States Resides: United States
· Current Chair of the Federal Reserve, nominated by Trump. Powell has faced substantial and repeated criticism from Trump after his confirmation. The Senate Banking Committee approved Powell's nomination in a 22–1 vote, with Senator Elizabeth Warren casting the lone dissenting vote.
· Powell briefly served as Under Secretary of the Treasury for Domestic Finance under George H. W. Bush in 1992. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics.
· Powell has described the Fed's role as nonpartisan and apolitical. Trump has criticized Powell for not massively lowering federal interest rates and instituting quantitative easing.
· The Bloomberg Intelligence Fed Spectrometer rated Powell as neutral (not dove nor hawk). Powell has been a skeptic of round 3 of quantitative easing, initiated in 2012, although he did vote in favor of implementation.
· Powell stated that higher capital and liquidity requirements and stress tests have made the financial system safer and must be preserved. However, he also stated that the Volcker Rule should be re-written to exclude smaller banks. Powell supports ample amounts of private capital to support housing finance activities.
“The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.”

John Cochrane
1957 – Present Born: United States Resides: United States
· Senior Fellow of the Hoover Institution at Stanford University and economist, specializing in financial economics and macroeconomics.
· The central idea of Cochrane's research is that macroeconomics and finance should be linked, and a comprehensive theory needs to explain both 1.) how, given the observed prices and financial returns, households and firms decide on consumption, investment, and financing; and 2.) how, in equilibrium, prices and financial returns are determined by households and firms decisions.
· Cochrane is the author of ‘Asset Pricing,’ a widely used textbook in graduate courses on asset pricing. According to his own words, the organizing principle of the book is that everything can be traced back to specializations of a single equation: the basic pricing equation. Cochrane received the TIAA-CREF Institute Paul A. Samuelson Award for this book.
“Regulators and politicians aren’t nitwits. The libertarian argument that regulation is so dumb — which it surely is — misses the point that it is enacted by really smart people. The fact that the regulatory state is an ideal tool for the entrenchment of political power was surely not missed by its architects.”

John Keynes (John Maynard Keynes, 1st Baron Keynes)
1883 – 1946 Born: England Died: England
· British economist, whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles, and was one of the most influential economists of the 20th century. Widely considered the founder of modern macroeconomics, his ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots. Keynes was a lifelong member of the Liberal Party, which until the 1920s had been one of the two main political parties in the United Kingdom.
· During the 1930s Great Depression, Keynes challenged the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He argued that aggregate demand (total spending in the economy) determined the overall level of economic activity, and that inadequate aggregate demand could lead to prolonged periods of high unemployment. Keynes advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions.
· Keynes's influence started to wane in the 1970s, his ideas challenged by those who disputed the ability of government to favorably regulate the business cycle with fiscal policy. However, the advent of the global financial crisis of 2007–2008 sparked a resurgence in Keynesian thought. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments.
· Keynes was vice-chairman of the Marie Stopes Society which provided birth control education and campaigned against job discrimination against women and unequal pay. He was an outspoken critic of laws against homosexuality. Keynes thought that the pursuit of money for its own sake was a pathological condition, and that the proper aim of work is to provide leisure. He wanted shorter working hours and longer holidays for all. Keynes was ultimately a successful investor, building up a private fortune.
“How can I accept the Communist doctrine, which sets up as its bible, above and beyond criticism, an obsolete textbook which I know not only to be scientifically erroneous but without interest or application to the modern world? How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeoisie and the intelligentsia, who with all their faults, are the quality of life and surely carry the seeds of all human achievement? Even if we need a religion, how can we find it in the turbid rubbish of the red bookshop? It is hard for an educated, decent, intelligent son of Western Europe to find his ideals here, unless he has first suffered some strange and horrid process of conversion which has changed all his values.”

John Locke
1632 – 1704 Born: England Died: England
· Known as the “Father of Liberalism,” Locke was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers. His work greatly affected the development of epistemology and political philosophy. His writings influenced Voltaire and Jean-Jacques Rousseau, many Scottish Enlightenment thinkers, as well as the American revolutionaries. His contributions to classical republicanism and liberal theory are reflected in the United States Declaration of Independence.
· Locke's political theory was founded on social contract theory. Social contract arguments typically posit that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to the authority (of the ruler, or to the decision of a majority) in exchange for protection of their remaining rights or maintenance of the social order.
· Locke advocated for governmental separation of powers and believed that revolution is not only a right but an obligation in some circumstances. Locke was vehemently opposed to slavery, calling it “vile and miserable … directly opposite to the generous Temper and Courage of our Nation.”
· Locke uses the word “property” in both broad and narrow senses. In a broad sense, it covers a wide range of human interests and aspirations; more narrowly, it refers to material goods. He argues that property is a natural right and it is derived from labour aand that the individual ownership of goods and property is justified by the labour exerted to produce those goods
· According to Locke, unused property is wasteful and an offence against nature, but, with the introduction of “durable” goods, men could exchange their excessive perishable goods for goods that would last longer and thus not offend the natural law. In his view, the introduction of money marks the culmination of this process, making possible the unlimited accumulation of property without causing waste through spoilage.
“The power of the legislative, being derived from the people by a positive voluntary grant and institution, can be no other than what that positive grant conveyed, which being only to make laws, and not to make legislators, the legislative can have no power to transfer their authority of making laws, and place it in other hands.”
“No man in civil society can be exempted from the laws of it: for if any man may do what he thinks fit, and there be no appeal on earth, for redress or security against any harm he shall do; I ask, whether he be not perfectly still in the state of nature, and so can be no part or member of that civil society; unless any one will say, the state of nature and civil society are one and the same thing, which I have never yet found any one so great a patron of anarchy as to affirm.”

John Mill (John Stuart Mill a.k.a. J. S. Mill)
1806 – 1873 Born: England Died: France
· John Stuart Mill was arguably the most influential English speaking philosopher of the nineteenth century. He was a naturalist, a utilitarian, and a liberal, whose work explores the consequences of a thoroughgoing empiricist outlook. In doing so, he sought to combine the best of eighteenth-century Enlightenment thinking with newly emerging currents of nineteenth-century Romantic and historical philosophy. His most important works include System of Logic (1843), On Liberty (1859), Utilitarianism (1861) and An Examination of Sir William Hamilton’s Philosophy (1865).
· Mill's conception of liberty justified the freedom of the individual in opposition to unlimited state and social control. A member of the Liberal Party and author of the early feminist work The Subjection of Women (in which he also condemned slavery), he was also the second Member of Parliament to call for women's suffrage after Henry Hunt in 1832.
· Mill, an employee for the British East India Company from 1823 to 1858, argued in support of what he called a “benevolent despotism” with regard to the colonies. Mill argued that “To suppose that the same international customs, and the same rules of international morality, can obtain between one civilized nation and another, and between civilized nations and barbarians, is a grave error. ... To characterize any conduct whatever towards a barbarous people as a violation of the law of nations, only shows that he who so speaks has never considered the subject.”
· John Stuart Mill believed in the philosophy of Utilitarianism, which he described as the principle that holds “that actions are right in the proportion as they tend to promote happiness [intended pleasure, and the absence of pain], wrong as they tend to produce the reverse of happiness [pain, and the privation of pleasure].” Mill asserts that even when we value virtues for selfish reasons we are in fact cherishing them as a part of our happiness.
· Mill's early economic philosophy was one of free markets. However, he accepted interventions in the economy, such as a tax on alcohol, if there were sufficient utilitarian grounds. Mill originally believed that “equality of taxation” meant “equality of sacrifice” and that progressive taxation penalized those who worked harder and saved more. Given an equal tax rate regardless of income, Mill agreed that inheritance should be taxed.
· His main objection of socialism was on that of what he saw its destruction of competition. According to Mill, a socialist society would only be attainable through the provision of basic education for all, promoting economic democracy instead of capitalism, in the manner of substituting capitalist businesses with worker cooperatives.
· Mill's major work on political democracy defends two fundamental principles at slight odds with each other: extensive participation by citizens and enlightened competence of rulers. He believed that the incompetence of the masses could eventually be overcome if they were given a chance to take part in politics, especially at the local level.
· Mill is one of the few political philosophers ever to serve in government as an elected official. In his three years in Parliament, he was more willing to compromise than the “radical” principles expressed in his writing would lead one to expect.
“He who knows only his own side of the case knows little of that. His reasons may be good, and no one may have been able to refute them. But if he is equally unable to refute the reasons on the opposite side, if he does not so much as know what they are, he has no ground for preferring either opinion... Nor is it enough that he should hear the opinions of adversaries from his own teachers, presented as they state them, and accompanied by what they offer as refutations. He must be able to hear them from persons who actually believe them...he must know them in their most plausible and persuasive form.”
“The only freedom which deserves the name is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental or spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest.”

John Rawls
1921 – 2002 Born: United States Died: United States
· Liberal American moral and political philosopher who received both the Schock Prize for Logic and Philosophy and the National Humanities Medal in 1999, the latter presented by President Bill Clinton, who acclaimed Rawls for having “helped a whole generation of learned Americans revive their faith in democracy itself.” He is frequently cited by the courts of law in the United States and Canada.
· Rawls's most discussed work is his theory of a just liberal society, called justice as fairness. Rawls first wrote about this theory in his book A Theory of Justice. Rawls spoke much about the desire for a well-ordered society; a society of free and equal persons cooperating on fair terms of social cooperation.
· Rawls’s most important principle (the Liberty Principal) states that every individual has an equal right to basic liberties. Rawls believes that “personal property” constitutes a basic liberty, but an absolute right to unlimited private property is not.
· Rawls's argument for his principles of social justice uses a thought experiment called the “original position”, in which people select what kind of society they would choose to live under if they did not know which social position they would personally occupy.
“Justice is the first virtue of social institutions, as truth is of systems of thought. A theory however elegant and economical must be rejected or revised if it is untrue; likewise laws and institutions no matter how efficient and well-arranged must be reformed or abolished if they are unjust. Each person possesses an inviolability founded on justice that even the welfare of society as a whole cannot override. For this reason justice denies that the loss of freedom for some is made right by a greater good shared by others. It does not allow that the sacrifices imposed on a few are outweighed by the larger sum of advantages enjoyed by many. Therefore in a just society the liberties of equal citizenship are taken as settled; the rights secured by justice are not subject to political bargaining or to the calculus of social interests.”

Joseph Nye
1937 – Present Born: United States Resides: United States
· American political scientist and co-founder of the international relations theory of neoliberalism (a theory concerned first and foremost with absolute gains rather than relative gains to other states), developed in the 1977 book Power and Interdependence. He is noted for his notion of “smart power” (“the ability to combine hard and soft power into a successful strategy”), which became a popular phrase with the Clinton and Obama Administrations.
· Secretary of State John Kerry appointed Nye to the Foreign Affairs Policy Board in 2014. In 2014, Nye was awarded the Order of the Rising Sun, Gold and Silver Star in recognition of his “contribution to the development of studies on Japan-U.S. security and to the promotion of the mutual understanding between Japan and the United States.”
· From 1977 to 1979, Nye was Deputy to the Undersecretary of State for Security Assistance, Science, and Technology and chaired the National Security Council Group on Nonproliferation of Nuclear Weapons. In recognition of his service, he was awarded the State Department's Distinguished Honor Award in 1979. In 1993 and 1994, he was Chairman of the National Intelligence Council, which coordinates intelligence estimates for the President, and was awarded the Intelligence Community's Distinguished Service Medal. In the Clinton Administration from 1994 to 1995, Nye served as Assistant Secretary of Defense for International Security Affairs, and was awarded the Department's Distinguished Service Medal with Oak Leaf Cluster. Nye was considered by many to be the preferred choice for National Security Advisor in the 2004 presidential campaign of John Kerry.
· Nye has been a member of the Harvard faculty since 1964. He is a fellow of the American Academy of Arts & Sciences and a foreign fellow of The British Academy. Nye is also a member of the American Academy of Diplomacy. The 2011 TRIP survey of over 1700 international relations scholars ranks Joe Nye as the sixth most influential scholar in the field of international relations in the past twenty years. He was also ranked as most influential in American foreign policy. In 2011, Foreign Policy magazine named him to its list of top global thinkers. In September 2014, Foreign Policy reported that the international relations scholars and policymakers both ranked Nye as one of the most influential scholars.
“When you can get others to admire your ideals and to want what you want, you do not have to spend as much on sticks and carrots to move them in your direction. Seduction is always more effective than coercion, and many values like democracy, human rights, and individual opportunities are deeply seductive.”

Karl Popper
1902 – 1994 Born: Austria-Hungary Died: England
· Karl Popper is generally regarded as one of the greatest philosophers of science of the 20th century. He was a self-professed critical-rationalist, a dedicated opponent of all forms of scepticism, conventionalism, and relativism in science and in human affairs generally and a committed advocate and staunch defender of the ‘Open Society’.
· In ‘The Open Society and Its Enemies’ and ‘The Poverty of Historicism’, Popper developed a critique of historicism and a defense of the “Open Society”. Popper considered historicism to be the theory that history develops inexorably and necessarily according to knowable general laws towards a determinate end. He argued that this view is the principal theoretical presupposition underpinning most forms of authoritarianism and totalitarianism. He argued that historicism is founded upon mistaken assumptions regarding the nature of scientific law and prediction. Since the growth of human knowledge is a causal factor in the evolution of human history, and since “no society can predict, scientifically, its own future states of knowledge”, it follows, he argued, that there can be no predictive science of human history. For Popper, metaphysical and historical indeterminism go hand in hand.
· Popper is known for his vigorous defense of liberal democracy and the principles of social criticism that he believed made a flourishing open society possible. His political philosophy embraced ideas from major democratic political ideologies, including socialism/social democracy, libertarianism/classical liberalism and conservatism, and attempted to reconcile them.
“Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them. In this formulation, I do not imply, for instance, that we should always suppress the utterance of intolerant philosophies; as long as we can counter them by rational argument and keep them in check by public opinion, suppression would certainly be most unwise. But we should claim the right to suppress them if necessary even by force; for it may easily turn out that they are not prepared to meet us on the level of rational argument, but begin by denouncing all argument; they may forbid their followers to listen to rational argument, because it is deceptive, and teach them to answer arguments by the use of their fists or pistols. We should therefore claim, in the name of tolerance, the right not to tolerate the intolerant. We should claim that any movement preaching intolerance places itself outside the law, and we should consider incitement to intolerance and persecution as criminal, in the same way as we should consider incitement to murder, or to kidnapping, or to the revival of the slave trade, as criminal.”

Lawrence Summers
1954 – Present Born: United States Resides: United States
· American economist, former Vice President of Development Economics and Chief Economist of the World Bank, senior U.S. Treasury Department official throughout President Clinton's administration, Treasury Secretary 1999–2001, and former director of the National Economic Council for President Obama (2009–2010). Summers served as the 27th President of Harvard University from 2001 to 2006. Current professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.
· As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. Summers has also worked in international economics, economic demography, economic history and development economics.[ He received the John Bates Clark Medal in 1993 from the American Economic Association. In 1987, he was the first social scientist to win the Alan T. Waterman Award from the National Science Foundation. Summers is also a member of the National Academy of Sciences.
· In 1983, at age 28, Summers became one of the youngest tenured professors in Harvard's history. In 2006, Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty. Summers viewed his beliefs on why science and engineering had an under-representation of women to be a large part in the vote, saying, “There is a great deal of absurd political correctness. Now, I'm somebody who believes very strongly in diversity, who resists racism in all of its many incarnations, who thinks that there is a great deal that's unjust in American society that needs to be combated, but it seems to be that there is a kind of creeping totalitarianism in terms of what kind of ideas are acceptable and are debatable on college campuses.”
· As the World Bank's Vice President of Development Economics and Chief Economist, Summers played a role in designing strategies to aid developing countries, worked on the bank's loan committee, guided the bank's research and statistics operations, and guided external training programs. The World Bank's official site reports that Summer's research included an “influential” report that demonstrated a very high return from investments in educating girls in developing nations. According to The Economist, Summers was “often at the centre of heated debates” about economic policy, to an extent exceptional for the history of the World Bank in recent decades.
· In 1999 Summers endorsed the Gramm–Leach–Bliley Act which removed the separation between investment and commercial banks. In February 2009, Summers quoted John Maynard Keynes, saying “When circumstances change, I change my opinion”, reflecting both on the failures of Wall Street deregulation and his new leadership role in the government bailout.
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JPM - Early Look at the Market – Thurs 9.28.17- **PLEASE DO NOT FORWARD THIS DOCUMENT**

PAY F FOR RESPECT FOR HUGH HEFNER

J.P. Morgan Early Look at the Market – Thurs 9.28.17 Trading Desk Commentary; For Institutional Investors Only

PLEASE DO NOT FORWARD THIS DOCUMENT

Morning Levels

Trading Update

Top Headlines for Thursday

Calendar of events to watch for Mon Oct 2

Opinion/Interesting-but-not-immediately-impactful/intra-day boredom reading

Full catalyst list

  • Fri Sept 29 – China Caixin manufacturing PMI for Sept (Thurs night/Fri morning)
  • Fri Sept 29 – German jobs numbers for Sept. 3:55amET.
  • Fri Sept 29 – Eurozone CPI for Sept. 5amET.
  • Fri Sept 29 – US personal income/spending for Aug. 8:30amET.
  • Fri Sept 29 – US PCE for Aug. 8:30amET.
  • Fri Sept 29 – Chicago PMI for Sept. 9:45amET.
  • Fri Sept 29 – Michigan Confidence for Sept. 10amET.
  • Fri Sept 29 – Fed speakers: Harker
  • Fri Sept 29 – analyst meetings: CMP
  • Sat Sept 30 – China NBS manufacturing and non-manufacturing PMI for Sept (Fri night/Sat morning)
  • Mon Oct 2 – China mainland markets closed Mon 10/2-Fri 10/6 for the National Day holiday.
  • Mon Oct 2 – Eurozone manufacturing PMI for Sept. 4amET.
  • Mon Oct 2 – Eurozone unemployment rate for Aug. 5amET.
  • Mon Oct 2 – US manufacturing PMI for Sept. 9:45amET.
  • Mon Oct 2 – US manufacturing ISM for Sept. 10amET.
  • Mon Oct 2 – US construction spending for Aug. 10amET.
  • Mon Oct 2 – Fed speakers: Kaplan
  • Tues Oct 3 – Eurozone PPI for Aug. 5amET.
  • Tues Oct 3 – US auto sales for Sept.
  • Tues Oct 3 – analyst meetings: F/Ford (Ford CEO to host strategic update), INTU, NTAP, SHW
  • Tues Oct 3 – earnings before the open: PAYX, LEN
  • Tues Oct 3 – earnings after the close: IDT
  • Wed Oct 4 – Eurozone services PMI for Sept. 4amET.
  • Wed Oct 4 – Eurozone retail sales for Aug. 5amET.
  • Wed Oct 4 – RBI rate decision. 5amET.
  • Wed Oct 4 – US ADP jobs report for Sept. 8:15amET.
  • Wed Oct 4 – US services PMI for Sept. 9:45amET.
  • Wed Oct 4 – US non-manufacturing ISM for Sept. 10amET.
  • Wed Oct 4 – Yellen delivers opening remarks at Community Banking conf. 3:15pmET.
  • Wed Oct 4 – analyst meetings: BWXT, BXP, MNK, TTD
  • Wed Oct 4 – earnings before the open: AYI, MON, PEP, RPM, Tesco PLC
  • Wed Oct 4 – earnings after the close: CAFD, RECN
  • Thurs Oct 5 – ECB meeting minutes. 7:30amET.
  • Thurs Oct 5 – US factory orders and durable goods for Aug. 10amET.
  • Thurs Oct 5 – Fed speakers: Williams, Harker, George.
  • Thurs Oct 5 – analyst meetings: BKH, CLX, LUK, TWOU
  • Thurs Oct 5 – earnings before the open: ISCA, STZ=
  • Thurs Oct 5 – earnings after the close: COST, HELE, YUMC
  • Fri Oct 6 – German factory orders for Aug. 2amET.
  • Fri Oct 6 – US jobs report for Sept. 8:30amET.
  • Fri Oct 6 – US wholesale inventories/trade sales for Aug. 10amET.
  • Fri Oct 6 – US consumer credit for Aug. 3pmET.
  • Fri Oct 6 – Fed speakers: Bostic, Kaplan, Bullard
  • Sat Oct 7 – China FX reserves for Sept (Fri night/Sat morning)
  • Mon Oct 9 – China Caixin services PMI for Sept (Sun night/Mon morning)
  • Mon Oct 9 – German industrial production for Aug. 2amET.
  • Mon Oct 9 – Columbus Day holiday in the US (equities will be open while fixed income is closed).
  • Tues Oct 10 – German trade balance for Aug. 2amET.
  • Tues Oct 10 – analyst meetings: TECD, Santander, WDAY, WMT
  • Tues Oct 10 – PG shareholder meeting
  • Tues Oct 10 – earnings after the close: CUDA
  • Wed Oct 11 – US JOLTs report for Aug. 10amET.
  • Wed Oct 11 – Fed minutes from the Sept 20 meeting (2pmET).
  • Wed Oct 11 – analyst meetings: KR
  • Wed Oct 11 – earnings before the open: FAST
  • Thurs Oct 12 – Eurozone industrial production for Aug. 5amET.
  • Thurs Oct 12 – US PPI for Sept. 8:30amET.
  • Thurs Oct 12 – analyst meetings: BOX, HPQ
  • Thurs Oct 12 – earnings before the open: C, JPM, Tata Consultancy.
  • Thurs Oct 12 – earnings after the close: EXFO
  • Fri Oct 13 – China imports/exports for Sept (Thurs night/Fri morning)
  • Fri Oct 13 – US CPI for Sept. 8:30amET.
  • Fri Oct 13 – US retail sales for Sept. 8:30amET.
  • Fri Oct 13 – US Michigan Sentiment for Oct. 10amET.
  • Fri Oct 13 – US business inventories for Aug. 10amET.
  • Fri Oct 13 – analyst meetings: SAFM
  • Fri Oct 13 – European trading updates: Man Group
  • Fri Oct 13 – earnings before the open: BAC, PNC, WFC
  • Mon Oct 16 – China CPI/PPI for Sept (Sun night/Mon morning)
  • Mon Oct 16 – Eurozone trade balance for Aug. 5amET.
  • Mon Oct 16 – earnings before the open: SCHW
  • Mon Oct 16 – earnings after the close: NFLX, Rio Tinto
  • Tues Oct 17 – Eurozone Sept auto registrations. 2amET.
  • Tues Oct 17 – German ZEW survey results for Oct. 5amET.
  • Tues Oct 17 – US import prices for Sept. 8:30amET.
  • Tues Oct 17 – US industrial production for Sept. 9:15amET.
  • Tues Oct 17 – US NAHB housing index for Oct. 10amET.
  • Tues Oct 17 – earnings before the open: CMA, CSX, GS, GWW, HOG, JNJ, UNH
  • Tues Oct 17 – earnings after the close: BHP, CP, CREE, IBM
  • Wed Oct 18 – US housing starts for Sept. 8:30amET.
  • Wed Oct 18 – US building permits fro Sept. 8:30amET.
  • Wed Oct 18 – US Beige Book. 2pmET.
  • Wed Oct 18 – earnings before the open: ABT, MTB, USB
  • Wed Oct 18 – earnings after the close: AXP, SLG
  • Thurs Oct 19 – China Q3 GDP and Sept retail sales, IP, and FAI (Wed night/Thurs morning)
  • Thurs Oct 19 – US Leading Index for Sept. 10amET.
  • Thurs Oct 19 – earnings before the open: ADS, BBT, DHR, GPC, KEY, PM, PPG, TRV, TXT, VZ
  • Fri Oct 20 – US existing home sales for Sept. 10amET.
  • Fri Oct 20 – earnings before the open: BHGE, CFG, GE, SLB, STI, SYF.
  • Mon Oct 23 – China Sept property prices (Sun night/Mon morning).
  • Mon Oct 23 – US Chicago Fed Activity Index for Sept. 8:30amET.
  • Tues Oct 24 – Eurozone flash PMIs for Oct. 4amET.
  • Tues Oct 24 – US flash PMIs for Oct. 9:45amET.
  • Wed Oct 25 – US durable goods for Sept. 8:30amET.
  • Wed Oct 25 – US FHFA home price index for Aug. 9amET.
  • Wed Oct 25 – US new home sales for Sept. 10amET.
  • Thurs Oct 26 – US wholesale inventories for Sept. 8:30amET.
  • Thurs Oct 26 – US advance goods trade balance for Sept. 8:30amET.
  • Thurs Oct 26 – US pending home sales for Sept. 10amET.
  • Fri Oct 27 – China Sept industrial profits (Thurs night/Fri morning).
  • Fri Oct 27 – US Q3 GDP, personal consumption, and core PCE for Q3. 8:30amET.
  • Fri Oct 27 – US Michigan Confidence numbers for Oct. 10amET.
**J.P. Morgan Market Intelligence is a product of the Institutional Equities Sales and Trading desk of J.P. Morgan Securities LLC and the intellectual property thereof. It is not a product of the Research Department and is intended for distribution to institutional and professional customers only and is not intended for retail customer use. It may not be reproduced, redistributed or transmitted, in whole or in part, without J.P. Morgan’s consent. Any unauthorized use is strictly prohibited.**
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J.P. Morgan Early Look at the Market – Mon 10.16.17 - **PLEASE DO NOT FORWARD THIS DOCUMENT**

J.P. Morgan Early Look at the Market – Mon 10.16.17

SEC DISCLAMIER: PLEASE DO NOT FORWARD THIS DOCUMENT

Morning Levels

Trading Update

Top Headlines for Monday

Catalysts – big events to watch over the coming months

Full catalyst list

  • Wed Oct 18 – Fed speakers: Dudley, Kaplan.
  • Wed Oct 18 – US housing starts for Sept. 8:30amET.
  • Wed Oct 18 – US building permits for Sept. 8:30amET.
  • Wed Oct 18 – US Beige Book. 2pmET.
  • Wed Oct 18 – earnings before the open: ABT, Akzo Nobel, ASML, MTB, MTG, NTRS, Reckitt Benckiser, SVU, USB
  • Wed Oct 18 – earnings after the close: AA, AXP, BDN, BHE, BXS, CCI, CCK, EBAY, GHL, HXL, KALU, LLNW, SLG, SLM, STLD, TCBI, URI.
  • Thurs Oct 19 – China Q3 GDP and Sept retail sales, IP, and FAI (Wed night/Thurs morning)
  • Thurs Oct 19 – US Leading Index for Sept. 10amET.
  • Thurs Oct 19 – earnings before the open: ADS, BBT, BK, BX, DGX, DHR, DOV, GPC, KEY, Nestle, NUE, Pernod Ricard, Philips Lighting, PM, PPG, Publicis, RCI, Roche, SAP, SNA, SON, Thales, TRV, TSMC, TXT, Unilever, VZ, WBC, WGO.
  • Thurs Oct 19 – earnings after the close: ASB, ATHN, ETFC, ISRG, LHO, MXIM, NCR, PBCT, PFPT, PYPL, WDFC, WERN.
  • Fri Oct 20 – BOJ’s Kuroda speaks. 2:30amET.
  • Fri Oct 20 – US existing home sales for Sept. 10amET.
  • Fri Oct 20 – Yellen speaks to National Economists Club in Washington. 7:15pmET.
  • Fri Oct 20 – earnings before the open: Assa Abloy, BHGE, CFG, CLF, Daimler, DST, GE, GNTX, HON, InterContinental Hotels, KSU, MAN, PG, SLB, STI, SYF, TomTom, Volvo.
  • Mon Oct 23 – China Sept property prices (Sun night/Mon morning).
  • Mon Oct 23 – US Chicago Fed Activity Index for Sept. 8:30amET.
  • Mon Oct 23 – earnings before the open: HAL, HAS, ITW, KMB, LII, Philips, STT, STX, VFC
  • Mon Oct 23 – earnings after the close: ARNC, CR, JBT, OI, ZION.
  • Tues Oct 24 – Eurozone flash PMIs for Oct. 4amET.
  • Tues Oct 24 – ECB bank lending survey. 4amET.
  • Tues Oct 24 – US flash PMIs for Oct. 9:45amET.
  • Tues Oct 24 – earnings before the open: AMTD, Anglo American, BASF, BIIB, CAT, CLB, CNC, CVLT, ETR, Fiat Chrysler, FITB, GLW, GM, INFY, IPG, LLY, LMT, MAS, MCD, MMM, Novartis, PCAR, PHM, PNR, R, RF, SAH, SHW, SWK, UTX, WAT, WDR.
  • Tues Oct 24 – earnings after the close: AKAM, AMP, AXS, Canadian National Railway, CMG, COF, CYBE, DFS, ESRX, HLI, IRBT, IRM, MANH, NUVA, RGC, T, TSS, TXN.
  • Wed Oct 25 – US durable goods for Sept. 8:30amET.
  • Wed Oct 25 – US FHFA home price index for Aug. 9amET.
  • Wed Oct 25 – US new home sales for Sept. 10amET.
  • Wed Oct 25 – Bank of Canada rate decision. 10amET.
  • Wed Oct 25 – Brazilian rate decision (after the close).
  • Wed Oct 25 – earnings before the open: ALK, ALLY, ANTM, Antofagasta, AOS, APH, BA, BAX, BTU, Capgemini, Dassault Systemes, DPS, FCX, FLIR, Fresnillo, HBAN, Heineken, IP, IR, KO, LEA, LH, Lloyds Banking Group, NDAQ, NSC, NYCB, OC, Peugeot, SIRI, SLAB, TMO, TUP, V, WBA, WEC, WYN.
  • Wed Oct 25 – earnings after the close: ABX, ACGL, AFL, AMGN, CA, CLGX, DLR, FFIV, FNF, FTI, KIM, LSTR, MC, MLNX, NOW, NXPI, ORLY, PKG, PLXS, RJF, SSNC, TSCO, TYL, UNM, VAR, WCN, XLNX.
  • Thurs Oct 26 – Riksbank decision. 3:30amET.
  • Thurs Oct 26 – ECB rate decision. 7:45amET press release, 8:30amET press conf.
  • Thurs Oct 26 – US wholesale inventories for Sept. 8:30amET.
  • Thurs Oct 26 – US advance goods trade balance for Sept. 8:30amET.
  • Thurs Oct 26 – US pending home sales for Sept. 10amET.
  • Thurs Oct 26 – earnings before the open: ABB, ABX, Aixtron, ALLE, ALV, Anheuser Busch, APD, Bayer, BEN, BMS, BMY, BSX, BWA, CCMP, CELG, CHTR, CMCSA, CME, COP, Deutsche Bank, ENTG, EQT, EXLS, F, GNC, HLT, HSY, LUV, MMC, MKC, NEM, Nokia, OAK, ODFL, PX, Santander, Schneider Electric, SPGI, STM, TWTR, UNP, UPS, VC, VNTV, WM, XEL, XRX.
  • Thurs Oct 26 – earnings after the close: AIV, ATEN, CB, CDNS, CENX, CLS, EXPE, FLEX, FTNT, FTV, GILD, GOOG, HIG, INTC, LPLA, MAT, MSFT, NATI, PFG, PRO, SGEN, SIVB, SYK, VDSI, VRSN.
  • Fri Oct 27 – China Sept industrial profits (Thurs night/Fri morning).
  • Fri Oct 27 – US Q3 GDP, personal consumption, and core PCE for Q3. 8:30amET.
  • Fri Oct 27 – US Michigan Confidence numbers for Oct. 10amET.
  • Fri Oct 27 – earnings before the open: B, MRK, PSX, SC, TRU, Volkswagen, WY, XOM.
  • Mon Oct 30 – US personal income/spending and PCE for Sept. 8:30amET.
  • Mon Oct 30 – US Dallas Fed index for Oct. 10:30amET.
  • Mon Oct 30 – analyst meetings: CSX
  • Mon Oct 30 – earnings before the open: HSBC
  • Mon Oct 30 – earnings after the close: AVB, CGNX, RE, RTEC, VNO
  • Tues Oct 31 – BOJ rate decision (Mon night/Tues morning).
  • Tues Oct 31 – US Employment Cost Index for Q3. 8:30amET.
  • Tues Oct 31 – US Case-Shiller home price index for Aug. 9amET.
  • Tues Oct 31 – US Chicago PMI for Oct. 9:45amET.
  • Tues Oct 31 – US Conference Board Sentiment readings for Oct. 10amET.
  • Tues Oct 31 – earnings before the open: ADM, AET, Airbus, AMT, Barclays, BNP, CMI, ECL, FIS, GGP, K, MA, OSK, PFE, XYL.
  • Tues Oct 31 – earnings after the close: APC, CHRW, CXO, PLT, WFT, X
  • Wed Nov 1 – US ADP jobs report for Oct. 8:15amET.
  • Wed Nov 1 – US Markit Manufacturing PMI for Oct. 9:45amET.
  • Wed Nov 1 – US Manufacturing ISM for Oct. 10amET.
  • Wed Nov 1 – US construction spending report for Sept. 10amET.
  • Wed Nov 1 – US auto sales for Oct.
  • Wed Nov 1 – FOMC meeting decision. 2pmET.
  • Wed Nov 1 – earnings before the open: AGN, APO, CEVA, CLX, EL, GRMN, HFC, LFUS, Novo Nordisk, ORBK, Standard Chartered, TAP, TRI.
  • Wed Nov 1 – earnings after the close: ALL, BHF, BXP, CACI, CAVM, CSGS, EGOV, FB, LNC, MANT, MET, MUSA, OXY, PRU, QCOM, ULTI, XPO.
  • Thurs Nov 2 – BOE rate decision. 8amET.
  • Thurs Nov 2 – US nonfarm productivity and unit labor costs for Q3. 8:30amET.
  • Thurs Nov 2 – earnings before the open: ADP, AN, BCE, CI, Credit Suisse, DISCA, H, ICE, LDOS, Royal Dutch Shell, Sanofi, Swiss Re, WRK.
  • Thurs Nov 2 – earnings after the close: AAPL, AIG, ATVI, CBS, CRUS, FLR, HLF, JCOM, RMAX, SBUX, UNIT.
  • Fri Nov 3 – US jobs report for Oct. 8:30amET.
  • Fri Nov 3 – US trade balance for Sept. 8:30amET.
  • Fri Nov 3 – US factory orders and durable goods orders for Sept. 10amET.
  • Fri Nov 3 – US non-manufacturing ISM for Oct. 10amET.
  • Mon Nov 6 – Fed’s Dudley speaks at The Economist Club of New York.
  • Tues Nov 7 – RBA rate decision. Mon night/Tues morning.
  • Tues Nov 7 – US JOLTs jobs report for Sept. 10amET.
  • Tues Nov 7 – US consumer credit for Sept. 3pmET.
  • Thurs Nov 9 – US wholesale trade sales/inventories for Sept. 10amET.
  • Fri Nov 10 – US Michigan Confidence preliminary numbers for Nov. 10amET.
  • Tues Nov 14 – US PPI for Oct. 8:30amET.
  • Wed Nov 15 – US CPI for Oct. 8:30amET.
  • Wed Nov 15 – US Empire Manufacturing for Nov. 8:30amET.
  • Wed Nov 15 – US retail sales for Oct. 8:30amET.
  • Wed Nov 15 – US business inventories for Sept. 10amET.
  • Thurs Nov 16 – US import prices for Oct. 8:30amET.
  • Thurs Nov 16 – US industrial production for Oct. 9:15amET.
  • Thurs Nov 16 – US NAHB housing index for Nov. 10amET.
  • Fri Nov 17 – US housing starts and building permits for Oct. 8:30amET.
  • Mon Nov 20 – US Leading Index for Oct. 10amET.
  • Tues Nov 21 – US existing home sales for Oct. 10amET.
  • Wed Nov 22 – US durable goods for Oct. 8:30amET.
  • Wed Nov 22 – US final Michigan Confidence numbers for Nov. 10amET.
  • Wed Nov 22 – FOMC 11/1 meeting minutes. 2pmET.
  • Fri Nov 24 – US flash PMIs for Nov. 9:45amET.
J.P. Morgan Market Intelligence is a product of the Institutional Equities Sales and Trading desk of J.P. Morgan Securities LLC and the intellectual property thereof. It is not a product of the Research Department and is intended for distribution to institutional and professional customers only and is not intended for retail customer use. It may not be reproduced, redistributed or transmitted, in whole or in part, without J.P. Morgan’s consent. Any unauthorized use is strictly prohibited.
submitted by SIThereAndThere to wallstreetbets [link] [comments]

The solution for making crypto currencies liquid

Intervention by Visa spelled an end to European crypto debit cards for the majority of customers on Thursday. Around a dozen crypto companies were affected by the shutdown, which instantly wiped out their services across Europe. Issuers such as Bitwala, Tenx, CryptoHawk, Bitpay, and Xapo were left high and dry after a Visa subsidiary stopped processing payments. Two of the companies affected have since spoken to news.Bitcoin.com, revealing their plans to find an alternative solution.
News.Bitcoin.com reported on a sudden crackdown on crypto cards within Europe, orchestrated by Visa subsidiary Wavecrest. The report explained how “the prepaid cards, which have become extremely popular in the crypto community, provide a means of indirectly paying for goods and services using cryptocurrency.”
Bridging the gap between fiat and crypto is one of the biggest challenges cryptocurrency platforms face. Hybrid cards, which allow a debit card to be funded with crypto and then used to make purchases in the local fiat currency, were seen as a smart solution. That all changed this week when hundreds of thousands of European crypto-holders found their cards had been rendered useless.
CRYPTOHAWK CryptoHawk is an upcoming cryptocurrency exchange that will hosts the world’s most popular digital currencies, and also offer its own currency that entitles owners to a share of the company’s profits. In addition to their online exchange service, the company is also very interested in helping cryptocurrencies gain widespread use and acceptance; they’ve announced plans to distribute credit cards that allow payment with cryptocurrencies in brick-and-mortar stores, and ATMs that will enable the immediate purchase of cryptocurrencies with cash. CryptoHawk indicates that its exchange will offer most of the world’s popular digital currencies, but its website doesn’t mention when the service will launch, which fiat currencies it will accept, and whether regulations will forbid the citizens of any country from participating. its exchange service, CryptoHawk hopes to eventually offer credit cards and ATMs that will allow cryptocurrencies to be used in brick-and-mortar locations all around the world. However, these ambitious goals may not be realized for some time. Furthermore, CryptoHawk is offering its own token, the HAWK, that is interesting among digital currencies because it functions like a share of stock; owners are entitled to a monthly share of the company’s profits. The HAWK is an ERC-20 compliant currency, meaning it can be stored in any wallet that supports Ethereum, though their values are not related.
TENX TenX started life as OneBit, a payment card linked to a bitcoin wallet. When Bitcoin began to give up some of it’s cryptocurrency market share, the OneBit team identified an opportunity in developing an exchange platform that could open their project to this broadening market TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2% cut from each transaction and has received orders for more than 10,000 cards. While transactions are capped at $2,000 a year, users can apply to increase the limit if they undergo identify verification procedures.
submitted by troyharker101 to ethtrader [link] [comments]

Bitcoin-NG: A Scalable Blockchain Protocol

arXiv:1510.02037
Date: 2015-11-11
Author(s): Ittay Eyal, Adem Efe Gencer, Emin Gun Sirer, Robbert van Renesse

Link to Paper


Abstract
Cryptocurrencies, based on and led by Bitcoin, have shown promise as infrastructure for pseudonymous online payments, cheap remittance, trustless digital asset exchange, and smart contracts. However, Bitcoin-derived blockchain protocols have inherent scalability limits that trade-off between throughput and latency and withhold the realization of this potential.This paper presents Bitcoin-NG, a new blockchain protocol designed to scale. Based on Bitcoin's blockchain protocol, Bitcoin-NG is Byzantine fault tolerant, is robust to extreme churn, and shares the same trust model obviating qualitative changes to the ecosystem.In addition to Bitcoin-NG, we introduce several novel metrics of interest in quantifying the security and efficiency of Bitcoin-like blockchain protocols. We implement Bitcoin-NG and perform large-scale experiments at 15% the size of the operational Bitcoin system, using unchanged clients of both protocols. These experiments demonstrate that Bitcoin-NG scales optimally, with bandwidth limited only by the capacity of the individual nodes and latency limited only by the propagation time of the network.

References
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submitted by dj-gutz to myrXiv [link] [comments]

Leaked Transcript Proves Russiagaters Have Been Right All Along (Spoiler: Not Really)

Authored by Caitlin Johnstone via Medium.com,
A transcript of exchanges between US President Donald Trump and Russian President Vladimir Putin has been leaked to National News Conglomerate by an anonymous source within the Kremlin. We here at NNC have confirmed the authenticity of this document using the same rigorous verification process we’ve been using to authenticate the evidence for all our other reporting on Russia’s involvement in the 2016 US elections over the last two years. These verification methods include hunches, gut intuitions, and an introspective assessment of the way our feelings feel. The following exchanges revealed in this transcript provide the clearest evidence yet that the President of the United States has been in collusion with the Russian government for years.This introduction has been authored by the editorial board of the National News Conglomerate. Obey.

11/9/2016
Trump: I have done as you commanded, my dominant and all-powerful lord. I have conspired with your hackers to steal the election, and now I’m going to be president! I want to thank you for not releasing that video footage of those Russian prostitutes I hired to urinate on a bed the Obamas once slept in. If that had come out it would have offended and alienated a lot of people, which is something I never normally do.
Putin: Yes that is an old KGB tactic called kompromat, a word which only extremely intelligent people know about. Keep this line of communication open. As long as you do as I command, your pee pee tape will remain secret.
Trump: One thing I’m curious about though my lord, if you don’t mind my asking. If you already had an army of hackers targeting Democratic Party emails, why did you need my help? Couldn’t you just have hacked the emails and published them on your own? Why did you need me to interact with them at all?
Putin: Moral support, mainly. We don’t need to get into specifics.
Trump: Oh okay.
~
1/20/2017
Trump: I’m in! Whew! I was really worried that leaked dossier would be the end of me! What are my instructions, my lord?
Putin: Begin introducing racism and division to the United States. America has never experienced these things before, and it will shock and disorient them. With the US divided against itself, your nation will be far too weak to stand against my plans of total world domination.
Trump: That’s a really tall order! America has always been a harmonious place where everyone gets along up until today. I’ll try my best though. Anything else?
Putin: Yes, make them distrust your nation’s large media outlets and convince them that the US intelligence community is often dishonest.
Trump: That will be really hard because those institutions have always been trusted for their unparalleled integrity. But your wish is my command, oh lord.
~
4/7/2017
Putin: Bomb a Syrian airbase.
Trump: What? Really? Aren’t they, like, your allies?
Putin: Exactly. This will throw inquisitive minds off the scent. We can’t have them finding out about that pee tape.
Trump: Are you sure? Some people are saying that chemical attack looks like it could have been perpetrated by the many terrorist factions in Syria and not the government.
Putin: Who cares? Have you seen how relentless they’ve been in exposing us?? Have you never watched Rachel Maddow? That woman is a psychic bloodhound, masterfully sniffing out the truth at every turn! We can’t afford to take chances. Do as I say.
Trump: Yes sir.
Putin: And see if you can arrest that WikiLeaks guy.
~
5/14/17
Trump: Hey do you want me to do anything about Montenegro’s addition to NATO?
Putin: No. NATO expansion is good.
Trump: Uhhh okay.
~
6/28/17
Trump: Who do you want tapped for Ukraine envoy?
Putin: Kurt Volker.
Trump: Volker? He hates you! He’s like the biggest Russia hawk ever.
Putin: We still need to throw the Russiagaters off the scent. We’re playing 3-D chess here. This is high-level disinformation, or dezinformatsiya as very smart people call it. I want as many Russia hawks in your administration as possible.
Trump: 3-D chess? Alright. I guess you know what you’re doing.
~
8/30/17
Putin: Shut down the Russian consulate in San Francisco and throw out a bunch of diplomats. That will confuse the hell out of them.
~
11/21/17
Putin: Now approve the sale of arms to Ukraine. Not even Obama would do that. This will throw them off the trail for sure.
~
1/1/18
Putin: Happy new year. Force RT and Sputnik to register as foreign agents.
~
1/29/18
Putin: Make sure your Nuclear Posture Review greatly escalates its aggressive posture toward Russia.
~
2/14/18
Putin: Happy Valentine’s Day. Don’t worry about those Russians your guys killed in Syria.
~
2/19/18
Putin: Send a fleet of war ships to the Black Sea.
~
3/25/18
Putin: Better expel a few dozen diplomats over the Skripal thing.
~
4/5/18
Putin: Sanction a bunch of Russian oligarchs.
~
4/10/18
Putin: Bomb Syria.
Trump: What?? Again?
Putin: Yes.
Trump: What the hell, man? Why’d you even recruit me if you’re just going to have me do everything all the Russia hawks want?
Putin: Well, you know how I told you we were playing 3-D chess against the Russiagate investigation?
Trump: Yeah?
Putin: Well that wasn’t enough. Now we’re playing 4-D chess.
Trump: Fine, whatever, I don’t care. Just don’t release my pee tape.
~
7/17/18
Trump: Oh man. They’re really making a major fuss about that summit. What should I do?
Putin: Play it cool. Don’t let them know about our secret diabolical plot.
Trump: Right. Remind me what that was again?
Putin: Make Jim Acosta feel really, really sad.
~
9/2/18
Putin: Have you arrested Julian Assange yet?
Trump: Working on it.
~
10/20/18
Putin: I like John Bolton’s idea. Pull out of the Intermediate-Range Nuclear Forces Treaty.
~
11/25/18
Putin: Make sure your administration loudly and aggressively backs Ukraine in our Kerch Strait spat.
Trump: OMFG this is getting too weird. Are you just trolling me? What the hell is this?
Trump: Hello?
Trump: Are you there?
Trump: Answer me!
Putin: 5-D chess.
* * *
Thanks for reading! The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for my_ website, which will get you an email notification for everything I publish. My articles are entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, throwing some money into my hat on [_Patreon](https://www.patreon.com/user?u=4445783)_ or_ [_Paypal_](http://paypal.me/caitlinjohnstone), _buying my new book [_Rogue Nation: Psychonautical Adventures With Caitlin Johnstone](https://gumroad.com/l/roguenation)_, or my previous book [_Woke: A Field Guide for Utopia Preppers](https://www.amazon.com/Woke-Field-Guide-Utopia-Preppers/dp/064823455X/ref=cm_cr_arp_d_product_top?ie=UTF8)_._ Bitcoin donations:1Ac7PCQXoQoLA9Sh8fhAgiU3PHA2EX5Zm2
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HOW TO IDENTIFY AND INVEST IN PROFITABLE CRYPTOCURRENCIES | NO, IT’S NOT TOO LATE

The best time to buy was 10 years ago, the 2nd best time to buy was yesterday.
This is a common situation that you will probably encounter soon in your day to day life; you could be talking about investments with friends and colleagues and the moment you start talking about digital currencies, you may face some mixed reactions. There is general concern among seasoned investors that anyone who isn’t already knowledgeable in stock markets and commodity exchanges should not dabble with cryptocurrencies – it’s too risky.
LET’S SET THE RECORD STRAIGHT – CRYPTOCURRENCIES CAN BE AN INVESTMENT AND THEY CAN BE PROFITABLE. While cryptocurrencies were initially thought to be the currency of the future, it is more of an investment nowadays in hopes that it will ultimately be worth more than what it initially costs. In other words, cryptocurrencies may give you a better (which is understated) ROI over traditional stock market investing.
Here’s the catch; while knowing the basics of investing is nice, you don’t need to have that knowledge for cryptocurrencies. Despite its recent boom, the industry is still in its infancy stage and we should look forward to the next 10, 20 years instead of tomorrow.
Don’t worry though; you’re in safe hands. The cryptocurrency community is a large network of fellow investors who are more than happy to help you with your cryptocurrency questions, like us! In today’s post, we’re going to cover the basics of identifying and investing in profitable cryptocurrencies for new investors.
Is cryptocurrency a bubble? Before we move on to cryptocurrencies, let’s rewind to a time when the hype over investing was this big (arguably bigger). During the days of the dotcom boom in the late 90s, IPO (initial public offering) was introduced to the public as another channel for investments. Investors could toss money into any IPO and be guaranteed superb returns almost every time. Huge early gains by companies further fueled the hype but we all know what happened a few years later when the bubble burst.
With the exception of some companies like Amazon and eBay, most IPOs went bust after all-time highs were reached. The bubble burst served as a reminder to investors that nothing in life especially in investing is fail-safe. Over 20 years later, the new ‘bubble’, as quoted by financial experts, came. Working very similarly to the IPO craze of the 90s, cryptocurrencies began to offer ICOs (initial coin offerings) which garnered interest from major publications early this year.
Instead of raising money the traditional way, startups raise money by offering tokens or digital coins which fund the firm’s operations. This means startups do not need to rely on complicated funding rounds and pitches to secure investments for their ventures. Investors who invest in these ICOs bank in the hope that the token rises in value over time. Many of these ICO’s are offered at fractions of a penny, in hopes of rising exponential in value down the road. For example, if you’d have invested $1,000 in Ethereum during its ICO, you would have had at least a million dollars with you right now in terms of value.
Speaking of Ethereum, it was the platform itself that showed this new form of startup investing to the world. An ICO works similarly to a crowdfunding campaign; think of it as a Kickstarter for start-ups. An ICO allows projects to raise money for development, whilst simultaneously providing a token to backers. The tokens resemble shares or stocks in a traditional stock market. While ICOs are exploding in popularity, they are still in a grey area.
They are unregulated by the authorities and is therefore not guaranteed to actually provide good returns to investors. Additionally, tokens are not considered securities which are a problem with authorities like the SEC. There is no guarantee that the development team will deliver their promises and there is also no guarantee that your investments are secure down the road. However, no investment, even in the stock market, is a sure thing. ICOs are a new industry venture and have many unique risks that make them different (and potentially more profitable) from an IPO you will find on the stock market.
Is it speculative?
Based on the huge amounts of money that have been pouring into ICOs this year (over $1bn in less than 6 months), there is no doubt that speculation is strong in the cryptocurrency scene among investors. Despite news of early investors turning thousands of dollars into millions(!) in under a year, the truth is that every cryptocurrency (including established ones like Bitcoin and Ethereum) is still highly speculative. While the total market cap of every cryptocurrency in existence is just about $150 billion dollars, all of that has happened in a rapid rise which is also known as a bull run in less than a year.
However, we’ve mentioned that the crypto scene is still young. Despite its abnormal rise, we don’t know for sure whether this is acceptable or not for digital currencies. Bitcoin famously crashed in 2013 and recently in June 2017.
It has bounced back to reach an all-time high value of $3,200 – something that is impossible to achieve for shares in the stock market. Hence, no one really knows what’s normal or not in the cryptocurrency scene. It’s best, however, to take a more conservative approach if you don’t want to lose your funds quickly.
The top factors to look out for when investing in a cryptocurrency 1. Make sure the coin has a purpose
When investing in any cryptocurrency or ICO, it is important to identify the core features of a project that differentiate it from every other coin on the market.
For instance, when Bitcoin was first introduced, there were many clones of the original Bitcoin with minor tweaks such as an increased supply, quicker transaction times, or just a name change. Fast forward to today and you’ll find out that most of these clones are dead. The only ones who made money were the creators of those copycat coins. The best example to prove this point is by looking at Ethereum. Unlike Bitcoin, Ethereum’s focus was not only to become another digital store of value. Instead, the founder realized that the same technology used to perform transactions digitally (the blockchain) can also be used to transfer data and information.
Because of Ethereum’s innovation and unique use case, it warrants a rise in value as shown by Ethereum’s rise from $10 to $400 from January to May 2017. Ethereum allows developers to build platforms based off cryptocurrencies, develop smart contracts, as well as being a store of value at the same time. Smart contracts work exactly how they sound; terms of contracts that execute automatically based on wether conditions are met or not.
Another series of innovative cryptocurrency projects include MaidSafe, Storj, and Sia. Again, instead of being another digital currency, these projects aim to become the cloud storage of the future. The general idea around investing in a good and profitable currency is this:
Make sure the cryptocurrency or token has an actual use case. If it’s just as a store of value, Bitcoin does that well and there are unlimited other coins that do the same thing The more generic a token’s use case is, the less likely its going to succeed. If a token is just another ‘decentralised token for blah blah technical jargon’, stay clear. Remember, decentralized is a buzzword, not something that actually states what the coin is used for Make sure the use case is logical. A coin can have unique use cases, but not everything has to be decentralized and be done on the blockchain. For example, you may come across an ICO that markets itself as a decentralized social media platform. How can decentralization work when the whole purpose of a social media platform is to literally provide your information for it to actually become social? Use your common sense when looking at coins; if you know that there is absolutely no need for an ICO or token to use cryptography, ditch it. 2. Make sure the development is competent, reputable, and transparent Whenever you find an ICO or coin that you’re looking to invest in, go straight to their website and look at the developer or team page.
Make sure that the developers and team members of the ICO or coin have their real name, picture, and credentials. If there is no information or if the team is anonymous, stay clear. There is absolutely no reason for a competent startup team to not include information about themselves on the website or any other company website.
Tip: Reverse image search photos of team members on Google. If you find out that the image is fake or duplicated, avoid the project. Once you find who the people behind the project are, Google their name and find out as much as you can about them. LinkedIn profiles are a great way of gauging whether a coin has a good team behind them. Some good information to look out for include:
Where did they go to school? What did they study/area of expertise? What is their work experience? Were they a part of an influential company before? Do they have any experience in this industry? Do they have any previous positions that shows their potential and skills? Two other platforms to look out for other than LinkedIn is the team’s Github and Twitter profiles.
While we don’t suggest you to become internet sleuths, finding out a team’s achievements on their Github and Twitter is a good way of finding out whether a project will succeed. Let’s say that you find a developer’s Github and they have nothing special on there, nearly an empty page.
Would you trust that developer with YOUR money to run the project? In regards to the credibility of developers, there is a lot to be said (in a good way) if a team or developer has their credentials set to public. When a development team is public, they are regarded as the faces to the organization. Hence, they hold the responsibility and accountability of the project’s success or failure.
You could potentially have ICOs or coins built by anonymous developers, some of which may have a strong background. Common sense, however, indicates that it would be wise not to contribute to projects with anonymous developers. There are two ways anonymous projects can go very wrong:
There is no accountability if the developer cuts and runs, and, with no former projects to look upon There’s no way to know if they’re capable of delivering their promises as you know nothing about them A good thing to look out for when considering an ICO investment is identifying the organization in charge of handling the escrow for the ICO. Reputable development teams will enlist organizations with a solid reputation within the finance industry to act as trustworthy holders of raised funds. With their reputation on the line, these individuals are less likely to cut and run with the raised funds. Additionally, solid development teams will have set in place a condition where, if a certain level of funding is not achieved, the individuals who contributed will be refunded. This acts as a fail-safe in the event a project ends up underfunded. Good teams will also have policies in place to make sure that they do not sell the tokens raised immediately. Instead, they will sell it gradually to raise funds for their project to avoid market shock.
For example, the Ethereum team raised thousands of BTC amounting to millions for their ICO. However, the team only sold 10% of their BTC each year as capital for their project. They knew that if they were to sell all their BTC instantly, they could potentially drop the value of BTC and crash the market which is bad for cryptocurrencies. In general, good developments care less about money and more about making sure their vision is a success.
  1. Does the whitepaper make sense?
When a cryptocurrency raises money for an ICO, the team will come up with a document called a whitepaper. The white paper simply includes:
What the project is about. The white paper will explain the vision of the project, the goals it hopes to achieve, and the technology of the coin. The amount of money needed to be raised for the project. The number of tokens or coins allocated to investors. For example, Ethereum allocated about ~80 million ETH for its ICO. In general, the fewer tokens issued, the higher its value will be due to limited supply. The length of the ICO campaign. If you’re going put money into an ICO, the white paper must be the first thing you read. It may be boring or too long to read, but the white paper lays out the company’s risks and opportunities, along with the proposed uses for the money raised by the ICO. For example, the white paper will explain if the coin holder is going to have voting rights, or if the coin pays out dividends based on a number of coins you hold and when those dividends are paid out (monthly, yearly, etc.).
If a white paper is overly optimistic, stay cautious as inflated goals often lead to disappointment. Also, if a white paper is needlessly complex (too much jargon, vague explanations, complex English, etc.), be wary as they may hide the team’s incompetence by deliberately making the project hard to understand.
  1. Gather reviews and insights from cryptocurrency discussion boards
BitcoinTalk is the biggest message board for cryptocurrencies. The forum is a place where people interested in the technical details of the development of Bitcoin and other cryptocurrencies come together to discuss and form opinions. New and existing cryptocurrencies usually have an Announcement thread (also known as an [ANN] thread) on the BitcoinTalk forums. This is usually the best way to find the first announcement of an ICO, what the coin has to offer, ask questions with the developers of the coin and other members of the forum.
When researching a coin, find the thread of the coin and read every single page in the thread. Many common questions (both negative and positive questions) are usually answered in the ICO’s announcement thread. Make sure to read answers given by the official developer accounts of the thread. Are they answering all questions and concerns with genuine responses or do their posts seem canned, vague, and shady? A simple trick to use when searching on BitcoinTalk is searching the thread with certain keywords. Negative words such as “con”, “scam”, “scamcoin”, “MLM”, and “shit” (pardon the vulgarities) are usually indicators of a poorly-run coin. If any posts are found with these words, read the threads carefully and do your own research to see if it’s worth investing or not.
On the other hand, if a thread is too positive (almost no negative comments), double check the accounts to make sure they are legit. A team can easily pay for bots and users to fabricate and post positive comments about their coins. Another place to find out information about a coin is by looking on Reddit. Cryptocurrencies usually have their own subreddit (e.g Ethereum’s /ethtrader, Bitcoin’s /BTC) which contains information about the coin such as upcoming events, updates from devs, as well as analysis and forecasts on the coin’s value.
  1. Spread your assets, don’t put all your eggs in one basket, and only invest what you can afford to lose The modern healthcare industry is flawed and disadvantageous to end consumers.
This can be seen in today’s norm where medical records are managed and owned exclusively by healthcare providers instead of the patients themselves.
It may not be an issue to some but for people who don’t visit or don’t have access to a regular doctor, it is a huge problem.
The reason why it’s bad is that your unique medical records are scattered all over and getting that information from one healthcare provider to another takes days or even weeks, which only lengthens the time you wait to receive patient care.
Studies and research have shown that inefficiencies experienced in healthcare processes are highly affected by patient records that can’t be shared across clinics because of outdated processes and systems.
In many ways, the healthcare system is incredibly inefficient with the situation above being a glaring example of it—and it’s time for a change.
Introducing MediBloc MediBloc is a decentralized healthcare data management platform built on the blockchain.
The platform’s main goal is to empower patients with options they deserve (and should have had) in the healthcare industry.
With MediBloc, patients can hold and have full control over their medical records while at the same time, controlling access to providers as well as updating information with the appropriate amount of patient consent.
By enabling these features, MediBloc helps to reduce inherent problems in the healthcare industry like process redundancies, inefficient administrative tasks, delays in giving or receiving treatment, data forgery that results in insurance frauds—all of this will be eliminated and improved in a secure and transparent medical platform.
Because the healthcare industry is such a sensitive industry, MediBloc’s team ensures that the platform is fully compliant with the HIPAA (Health Insurance Portability and Accountability Act) so that patients can use MediBloc’s services without any worries of going against the law.
Why was MediBloc built on the blockchain in the first place?
Thanks to the properties of the blockchain, MediBloc can provide a 100% trustless platform with the ability to validate and verify identities, hence removing the need for intermediaries that don’t add value to the patient-clinic relationship.
All in all, users of the MediBloc platform enjoy greater transparency, more effective services, as well as being rewarded fairly for their involvement.
At the same time, patient records that struggled in the old healthcare database system can now be securely stored on the blockchain and are fully decentralized. Through MediBloc, every patient can control his/her own data instead of a third-party without the concern of insecurity and mistrust when carrying and exchanging health data.
One of the team’s visions for MediBloc includes building an open platform where all parties can collaborate harmoniously to build useful applications for the future.
By harnessing the patient data and history stored in the MediBloc blockchain, the platform is planning to build revolutionary features such as automated insurance claims, personalized health reports as well as the possibility of AI-powered medical chatbots that can answer common questions and patient queries automatically.
The MediBloc team is extremely competent with both co-founders being professional doctors with backgrounds in the computer science industry.
Dr. Allen Wookyun Kho is a dental surgeon and was previously a respected software engineer at Samsung Electronics while his partner, Dr. Eunsol Lee is a well-known radiologist and data scientist with experiences in medical Big Data.
MediBloc already has a working alpha version of the platform with an official version in development and expected to be released next year.
How does MediBloc work? As explained in the above paragraphs, MediBloc is a decentralized healthcare information platform and personal data ecosystem for patients, healthcare providers, and researchers.
Described by the official website itself, MediBloc’s main mission is to:
Streamline medicine for patients, providers, and researchers by redistributing value behind personal healthcare data ownership.
Essentially, MediBloc allows users to hold, store, and update their medical records in one place—working exactly like a digital healthcare wallet.
A use case contained in the MediBloc whitepaper explains how MediBloc will work practically: as a patient, imagine getting yourself to a clinic and your provider then requests for your information on MediBloc off the bat.
As soon as you grant access to the clinic, they can view all of your medical histories from previous appointments you’ve had even if they’re in a different clinic, a different doctor, or in different countries—everything will be recorded.
As you might’ve imagined, MediBloc allows patients to save time and money by avoiding redundant tests. This would also greatly improve the speed and efficiency of your treatments and the healthcare providers can carry out their responsibilities more efficiently, making it a win-win situation for all parties involved.
Healthcare data has always been available to researchers but because of security and compliance reasons, access to data has always been restricted which hinders the advancement of medical technologies.
Thanks to the transparent nature of MediBloc, researchers have access to a much larger data pool of patient records and healthcare data for their projects.
Now, why would a patient voluntarily share his or her medical data other than contributing to the growth of the medical industry?
Here’s why; MediBloc wants to promote a healthy patient ecosystem by incentivizing patients to trade over their records, therefore creating a medical data economy that benefits everyone.
Patients have the freedom of choice to sell portions of their private data to researchers, medical professionals and institutions for Medi Tokens (MED), the platform’s utility token.
The MediBloc token sale The Medi Token (MED) will be the official cryptocurrency and utility token used in the MediBloc platform.
MED tokens are used to compensate practitioners when they input new medical data for patients; the tokens are also used by researchers to purchase data from patients selling it.
MED is also used to acquire products and services on the platform as well as being able to be traded on exchanges for other cryptocurrencies or fiat.
Here are the details of the upcoming MED token sale:
Token name: MED
Token base: QTUM
Token supply/Token offering: 10,000,000,000 / 5,000,000,000
Token sale duration: 27th November, 2017 – 15th December, 2017
Token sale target: 2,500,000 QTUM
Token exchange rate: 1 QTUM = 2,000 MED (BTC and ETH also accepted | BTC/QTUM, ETH/QTUM conversion rate updated daily)
Just like with any other investment, having a portfolio with multiple assets as well as spreading your risks is a sound choice. Don’t put all your eggs in one basket and invest in one coin thinking it is going to rise substantially. Instead, find 3 or 4 coins that you think is good and invest in them. A good strategy in cryptocurrencies is to have an 80/20 or 70/30 ratio. 80% or 70% (the bulk) of your cryptocurrency investments should be put in established coins like Bitcoin and Ethereum. This amount should be kept and held by you; do not trade it unless you know what you’re doing. After that, depending on your remaining coins and how likely it is you will reach your goals, you could put them in a diversified portfolio of riskier investments (coins that have potential but are not established yet). Some coins that are a good shot at holding in the long run include:
Bitcoin (BTC) Ethereum (ETH)Litecoin (LTC) Stratis (STRAT) Waves (WAVES) 6. Don’t watch the price everyday; buying and holding is the still the best strategy in the long run
Day trading and looking at charts and buy/sell orders is not feasible for 99% of cryptocurrency investors. Unless you have a huge capital, the gains that you get from day trading and making your decisions off small changes in a coin’s value is minimal. Not only do you not gain much, you also have a higher risk of losing your net worth along the way if you make a bad trade.
There’s also a saying in the market to never time the market. While events and development updates are decent ways of determining a coin’s future value, trying to time your way by buying and selling at the ‘right time’ will always lose your money in the long run. For TA (technical analysis) trading to be worth it for cryptocurrencies, you should have at least $50,000 in cryptocurrencies for it to be profitable. Instead, the best strategy for most investors is to buy and hold. You should believe in your investment and only invest money that you can afford to lose; with these two factors achieved, you don’t need to watch the price of your investments every day like a hawk.
If you made a rational investment decision, don’t let your emotions take over and negate your decisions during a price drop or rise. We suggest checking your net worth and the market weekly, monthly, or quarterly. It’s fine to check the market every day but remember to not to get emotionally invested in it. Not only are you risking your well-being on (technically) intangibles, you are also risking your social life and relationships by being too attached to the market and not giving enough time and attention to your personal life.
For instance, just under a month ago, Bitcoin crashed from almost reaching $3,000 to $1,800 per BTC. Today? 1 BTC is already equal to $4,000 – nearly a 100% increase in value if you would’ve kept your calm and held your coins.
  1. Don’t time the market. There is not good or bad time to buy and sell
Again, the rule of not timing the market is so important that we have to mention in twice. Unlike stock markets, there is no general rule when to buy or sell cryptocurrencies because the industry is so young and unknown. If you have to follow a set of rules, these are general guidelines that will work most of the time as long as you don’t panic sell or buy:
Only sell when you achieve your goal. If you’ve set a goal of $50,000 for your investments, sell only when you hit that figure. Don’t panic sell. Again, Bitcoin dropped to $1,800 from nearly $3,000 under a month ago. Ethereum fell from $400 to nearly reaching $100 in the same timeline. Today, Bitcoin and Ethereum are both worth $3,300 and $250 respectively. Not only would you have lost plenty of money by panic selling during this period, you would’ve also been in the red for your investments. Do not have FOMO. FOMO is an acronym for the phrase fear of missing out. Don’t buy just because everyone else around you is buying cryptocurrencies. Instead, do your own research and make your own decisions. Only invest what you can afford to lose. This should be taught to all investors, in all honesty. Investing in cryptocurrencies is very much like gambling. There is no guarantee for you to turn a profit; likewise, do not get emotionally invested into it. Another reason to never time the market is that you never know what’s going to happen to the values of cryptocurrencies. For example, when Bitcoin was $1,000, there was talk about the ‘bubble’ and how Bitcoin is overvalued. The same thing happened when Ethereum reached $50. It’s safe to say that both currencies have proved their doubters very, very wrong. It’s also beneficial to not compare crypto bubbles to traditional financial bubbles. A 10% change in real financial markets can wreak havoc but it’s completely normal (and expected) for cryptocurrencies. Likewise, a 100% rise in stock prices is nearly impossible in the real world while 1,000% changes in cryptocurrencies happen regularly. Bitcoin has grown from less than a penny per unit to $3,300 for one – let that sink in. As the scene is not regulated (yet), there are many scamcoins popping up as a quick way to burn investors and make the founders money, don’t be fooled!
https://www.chipin.com/invest-cryptocurrencies-profit/
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Exchange Machina - How to request an exchange How To Safely Store Your Bitcoin? July 14, 2020 Weekly NEEWS Update Episode 13 - May 26, 2020 FREE Dogecoin Earning App - with payment proof - catsgarden - cats.garde

You have 3 main options : * Fastest and easiest way to buy and sell bitcoins : you can either exchange BTC with cash with another individual (no need to provide your ID, name or any sort of identification unless you purchase an important amount ($... #Hawkes-Process MATLAB project to fit a Hawkes process using MLE. This was completed for Buttercoin, a Bitcoin exchange startup. This is a short but powerful script written during my masters to fit a univariate Hawkes process. Abstract. We study the self-excitability and price clustering properties of the cryptocurrency market using an intensity-based Hawkes process. The branching ratio, which is the average ratio of the number of price moves caused by endogenous interactions to the total number of all price changes, is used as a proxy for market "reflexivity" or the endogeneity in the cryptocurrency market. The duration between two consecutive events of a Hawkes process follow an exponential distribution of parameter λ = λ0 + ∑ excitation. This is what we are going to model, but first we have to compute the duration between two consecutive points of our generated data. The study of connectedness is key to assess spillover effects and identify lead-lag relationships among market exchanges trading the same asset. By means of an extension of Diebold and Yilmaz (2012) econometric connectedness measures, we examined the relationships of five major Bitcoin exchange platforms during two periods of main interest: the 2017 surge in prices and the 2018 decline.

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Exchange Machina - How to request an exchange

Max 1 working day to process the request. ... How to Exchange Perfect Money to Bitcoin : Exchange Bitcoin to Perfect Money PayPal - Duration: 4:46. seokingdom 11,503 views. 4:46. Just follow this simple step by step video to guide you through the process of exchange your Dagcoin to Bitcoins within 5mins. Exchanging your Dagcoin is now more easy and effortless. 1. dogecoin exchange, dogecoin earning sites, dogecoin earning sites 2020, dogecoin exchange to bitcoin, dogecoin earn 2020, dogecoin earn new trick, free bitcoin e dogecoin, dogecoin free, dogecoin ... What about storing coins on an exchange? Cryptocurrency exchanges are a popular place for many newcomers to buy their first Bitcoin because they make the buying process very simple. Mining is a process of adding transaction records to the Bitcoin’s public ledger called the Blockchain. It exists so that every transaction can be confirmed, and every single user of the network ...

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