Important differences betw BITCOIN and ETHEREUM (and most alt coins):
You may notice that ETH has strong centralizing tendencies. Everyone who holds it is incentivized to stake ETH because that is how they can benefit from all three sources of ETH cash flows: the base fee gas burn, the issuance, and the priority fees. Unstaked ETH earns only the gas burn, but the gas burn is mostly cancelled out by the issuance of new ETH to ETH stakers. ETH stakers basically earn more and more at the expense of non-stakers. As mentioned in the article:
Staking ETH makes your ETH position resemble an equity position – you benefit from both the dividend (from the gas that is distributed to stakers) and the buybacks (from the gas that is burned). Technically, stakers also benefit from a Cantillon effect where they get newly issued ETH from the block reward. Think of this as issuing shares exclusively to shareholders who are promising not to sell their shares.
Those shareholders promising not to sell are clearly getting a larger and larger portion of the company because they receive exclusive share issuance. Over time, the bigger you are, the exponentially larger your portion of ETH will become. This is a feature of proof-of-stake consensus.
This centralization is okay for most cases, but it is fragile. It would never survive an attack by a nation state actor, in which the majority of the stakers are in the jurisdiction of the attacking nation state. If the US decided to crack down on major ETH holders, that would be the end for Ethereum. Proof-of-work is different and much more antifragile. Just look at China’s attack on Bitcoin in 2021, back when most of Bitcoin’s hashrate was in China. https://seekingalpha.com/article/4657397-ethereum-has-upside
Flying High: Why Bitcoin Fans Are Buzzing About Hitting $42,069Bitcoin broke past the fabled meme number this week, sparking hopes that the cryptocurrency might soon ascend to the promised land of $69,420.
"I have warned that if China was preparing to invade Taiwan, then they would start to sell off all US government debt. They would not risk owning US government bonds and watch Biden freeze it all and then claim it will be used to rebuild Taiwan as they are doing to Russia. So China began selling off US debt at the end of 2021. They have been buying gold because they cannot hold US or EU debt in time of war. It is as simple as that. The gold is simply neutrality, for it also does not pay interest." -MARTIN ARMSTRONG
He's Been Hospitalized Four Times Since Getting A Covid Vaccine. He Has Myocarditis And POTS. He Can No Longer Work. He Can No Longer Support Himself”.
"The world is dumbfounded as to why in the hell we have world leader cheering war on every continent. I put forth a solution, some did not like it, but there is no other way out of this other than Schwab’s “Great Reset” which is really all about defaulting on all the national debts, the end of socialism, and the push for a one world government to end democracy so government retains power. Under my solution, the government would relinquish power. They did not like that. Schwab’s way leaves it necessary to create World War III, reduce the population escapes the pension liabilities, and start over with a new Bretton Woods II."
Listen to Ric Edelman on how to pay ZERO tax on crypto.
Crypto has different tax rules, and loopholes, than you are used to.
Time Sensitive for 2023!!!!
https://www.thetayf.com/pages/podcast?mc_cid=6037769e35&mc_eid=f5c7c7967a&wchannelid=orevmv41t6&wmediaid=909o3fjdmw
Important differences betw BITCOIN and ETHEREUM (and most alt coins):
You may notice that ETH has strong centralizing tendencies. Everyone who holds it is incentivized to stake ETH because that is how they can benefit from all three sources of ETH cash flows: the base fee gas burn, the issuance, and the priority fees. Unstaked ETH earns only the gas burn, but the gas burn is mostly cancelled out by the issuance of new ETH to ETH stakers. ETH stakers basically earn more and more at the expense of non-stakers. As mentioned in the article:
Staking ETH makes your ETH position resemble an equity position – you benefit from both the dividend (from the gas that is distributed to stakers) and the buybacks (from the gas that is burned). Technically, stakers also benefit from a Cantillon effect where they get newly issued ETH from the block reward. Think of this as issuing shares exclusively to shareholders who are promising not to sell their shares.
Those shareholders promising not to sell are clearly getting a larger and larger portion of the company because they receive exclusive share issuance. Over time, the bigger you are, the exponentially larger your portion of ETH will become. This is a feature of proof-of-stake consensus.
This centralization is okay for most cases, but it is fragile. It would never survive an attack by a nation state actor, in which the majority of the stakers are in the jurisdiction of the attacking nation state. If the US decided to crack down on major ETH holders, that would be the end for Ethereum. Proof-of-work is different and much more antifragile. Just look at China’s attack on Bitcoin in 2021, back when most of Bitcoin’s hashrate was in China. https://seekingalpha.com/article/4657397-ethereum-has-upside
Sound Money Scholarship Awards $13,500 to 9 Outstanding Students !!
https://www.moneymetals.com/news/2023/12/05/sound-money-scholarship-awards-13500-to-9-outstanding-students-002880
Flying High: Why Bitcoin Fans Are Buzzing About Hitting $42,069Bitcoin broke past the fabled meme number this week, sparking hopes that the cryptocurrency might soon ascend to the promised land of $69,420.
https://decrypt.co/208727/flying-high-why-bitcoin-fans-buzzing-hitting-42069
BIG UPDATE!!!! https://jimychanga.substack.com/p/hated-and-smells-like-opportunity
I really hope everyone took good heed back in January and made big bank for their familias!
If you missed it, stay tuned, and read all our recent posts. There's much more ahead after a likely pullback and "digestion" of these obscene gains.
MERRY EARLY CHRISTMAS!!!!
"I have warned that if China was preparing to invade Taiwan, then they would start to sell off all US government debt. They would not risk owning US government bonds and watch Biden freeze it all and then claim it will be used to rebuild Taiwan as they are doing to Russia. So China began selling off US debt at the end of 2021. They have been buying gold because they cannot hold US or EU debt in time of war. It is as simple as that. The gold is simply neutrality, for it also does not pay interest." -MARTIN ARMSTRONG
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/whats-going-on-with-gold/
He's Been Hospitalized Four Times Since Getting A Covid Vaccine. He Has Myocarditis And POTS. He Can No Longer Work. He Can No Longer Support Himself”.
https://twitter.com/healthbyjames/status/1611771988883968000?s=20
MARTIN ARMSTRONG:
"The world is dumbfounded as to why in the hell we have world leader cheering war on every continent. I put forth a solution, some did not like it, but there is no other way out of this other than Schwab’s “Great Reset” which is really all about defaulting on all the national debts, the end of socialism, and the push for a one world government to end democracy so government retains power. Under my solution, the government would relinquish power. They did not like that. Schwab’s way leaves it necessary to create World War III, reduce the population escapes the pension liabilities, and start over with a new Bretton Woods II."
https://www.armstrongeconomics.com/world-news/war/stirring-the-pot-for-war/