Author: dfmines

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If someone is doing his part, that’s Michael Saylor. The MicroStrategy CEO proved that he’s a stand-up guy by sharing the knowledge on a medium-sized podcast that’s usually in Spanish. Saylor went in on the topics du jour and revealed never-before-heard secrets. What does he think about El Salvador? What’s up with the infamous Mining Council? Is MicroStrategy in a vulnerable position? Keep reading for those answers and more. Related Reading | Michael Saylor Clarifies His Company’s Bitcoin Strategy On US’s National TV One of Michael Saylor’s first lines is, “I think that the next decade it’s going to be all about digital transformation of propertry.” After that, it’s gem after gem. What Does Michael Saylor Know About The Venezuela Situation? The podcast is called “Satoshi En Venezuela.” The episode is titled “Bitcoin is Hope for Venezuela.” Since that name derives from a Michael Saylor quote, it figures that the first question was a why disguised as a how. How is Bitcoin hope for Venezuela? “Now you can put your property into a Bitcoin and put the Bitcoin on your mobile device. And I think the reason that that represents hope to the world is, eight billion people are going to be able to afford a mobile device. And 8 billion people can have property on the mobile device. Bitcoin is like a bank in cyberspace run by incorruptible software.”  That sounds amazing, but, specifically speaking, why is Bitcoin good for Venezuela?  “Well, every economy works better if it has an incorruptible bank that allows everyone to store their monetary energy. It helps return rationality and long-term perspective. Hope is about believing that in a decade your life will be better than it is now.” Beautiful. Michael Saylor also believes that, for this to work, “We have to give people property rights. And we’ve got to give them the ability to store their economic energy in something that they have control of.” By that, he means Bitcoin and only Bitcoin. BTC price chart on Coinbase | Source: BTC/USD on TradingView.com Does Bitcoin’s Volatility Affect MicroStrategy? How Does Their Playbook Look Like? His company, MicroStrategy, famously was the first to put Bitcoin on their balance sheet. And then, they kept buying and buying. “We’re basically converting our working capital from the weakest asset to the strongest asset,” Michale Saylor clarifies. Then, he gives you his strategy’s play by play:  The way that we manage the volatility is, we make sure that we have enough Dollars to pay all of our bills for the next 12 months, based upon whatever volatility. So, we wouldn’t really ever need to liquidate any Bitcoin unless we had like a one in a hundred event. Then, we might sell a little bit in order to pay our bills, but that hasn’t happened before.” He expects reasonable scenarios. Other currencies will print and print. There will only be 21 million bitcoin. Lots of businesses and people will integrate with the Bitcoin protocol. So, it’s not that risky. In a long time frame, it’s a “responsible business strategy.” It would be risky with a short time frame and a short-dated debt strategy.   In short, MicroStrategy’s financial strategy protects them from volatility. If in 10 years Bitcoin is down and not up, then and only then they’ll be in trouble. A Mining Council In An Open Network The host, Bitcoin philosopher Criptobastardo, questions Michael Saylor with the basic objections that the Bitcoin community has with the Mining Council. Saylor answers: “The council exists to gather information, to run surveys, and to educate. It’s not a government body. I agree that a governing council probably wouldn’t be the right thing. It’s really just a voluntary and open asociation of Bitcoin miners to gather information, share best practices and educate.” According to him, someone has to respond to attacks. The Bitcoin community has to take control of the narrative, produce data, give info to decision-makers. “The people that need to know are Wallstreet investors, mainstream media journalists, and politicians.” These are powerful allies, and, “when they tell us that they’re under pressure from their constituency to get an answer, we should do our best to give them the answer.” Related Reading | Can Bears Force Michael Saylor To Sell His Bitcoin? Analyst Shared Bullish Theory Is Michael Saylor Going To El Salvador? According to the MicroStrategy CEO, one would need 21st-century infrastructure to solve a current problem. That’s what the Salvadoran government is trying to do with The Bitcoin Law. What will they get out of all of this? Well, according to Michael Saylor: “I think there are two benefits you get when you adop the bitcoin standard if you’re a country. One benefit is the macroeconomic benefit. You end up with a treasury asset that is appreciating in value instead of depreciating in value. You put your entire economy on stronger bases.”  The El Salvador experiment is crucial to mankind. If everything goes as planned in there, the economic growth they’ll have over the next few years will be unmatched. Michael Saylor continues and closes: “The second benefit is a technology benefit. It’s possible to use the Bitcoin protocol, or in this case Lightning. The combination of Lightning and Bitcoin transactions in order to provide digital currency to every citizen of the country. So, two thirds of El Salvador dont have a bank. If I want to create a bank, I want to give them a mobile phone and a digital wallet. And a digital currency, which is the Dollar. On top of a digital asset, which is Bitcoin.” That sounds like a tank to us. Featured Image by FelixMittermeier from Pixabay – Charts by TradingView

Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other stablecoins, stating their products we’re not really stablecoins. Paxos Reveals […]

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If any offering from the blockchain market has been revolutionary, it has been Security Token Offerings. Its predecessor, Initial Coin Offerings (ICOs) allowed for promising projects to raise funds by selling native tokens that would hopefully appreciate in value if the project was successful. STO’s go a step further by allowing people to buy tokenized ownership in assets and projects, oftentimes giving them access to investment vehicles they could not buy outright. This has been heavily leveraged by the property market, with various real estate projects being tokenized and sold. Despite this, there are a few underlying issues within the STO market that need to be addressed, mainly the fragmentation of projects. A Divided Market? STO projects are more common these days and while this means that there are more opportunities to buy into, each comes with their own rules and platforms. Oftentimes, users need to sign up on a specific blockchain-based platform ahead of a sale and then buy a specific digital token that represents ownership in the project. The problem with this is that investors will have to juggle multiple platforms, sets of rules, and token setups in order to buy into investment vehicles. While this worked when the STO sector was first emerging, it must be improved going forward, especially as more people enter the market. In the same way, crypto users do not log into a different website every time they want to buy a different token, STOs need to be accessible from a single platform. One company, Genius Estates,  has already created a marketplace for STOs that runs on its native token, GENiUX. How GENiUX Works GENiUX is the native coin in the blockchain-based investment marketplace specifically designed to allow for seamless investments in STO projects from anywhere around the world using one token. When users hold their native token, they can log into Genius Assets marketplace next year and buy into any number of STO projects using the balance from their wallet. Until then, you can still invest in the real estate platform, Genius Estates. Some of the offerings include buying into real estate projects, aviation projects, and even NFTs. Holders of the token will be able to receive dividends from the projects they invested in, in the form of the native token which, once again, streamlines the process and ensures that all transactions can be viewed from a single dashboard. For those users who refer others to Genius Estates, rewards are paid out in the native token, which is up to ERC-20 standards, and also euro. Genius Estates is having the first phase of its token pre-sale in August 2021 and as more projects are boarded onto its platform, the price of its token will rise even more. There will be a total token supply of 1 billion tokens and a circulating supply of 700,000,000 tokens. One of the company’s biggest focuses with regards to investment vehicles is real estate, with the first property project in Ireland underway and dividends to begin disbursement by January 2022. All real estate projects that are invested in will pay out rental income to investors on a trimester or annual basis and for those looking to build a passive income source, this would be a good option. Other dividends from any type of asset like air, roads, and so on will be paid depending on the project itself. The major theme, though, is inclusivity and allowing everyday consumers to make money on certain investment opportunities that would normally not be available to them due to high costs. Now, people can invest with smaller amounts of money. As the Genius-Estates website states, real estate investment is no longer just for professional or institutional investors – now, anyone can claim the real estate market and begin building wealth. Uniting an Industry What Genius Estates is doing goes beyond just offering a token for its customers; it is actively bringing the STO sector under one roof. By cutting out the often long process of sourcing different STOs and allowing customers to buy from a single place, they are streamlining the investment process. Furthermore, it is providing the opportunity for passive income creation for customers who can invest in real estate, NFTs, air travel, sports, and so on. From buying into investment vehicles to receiving dividends to referring friends and family, GENiUX is allowing its users to fully tap into the power of blockchain and reap the benefits as they do. The STO sector, as it grows, will likely see the same trajectory as the crypto industry in that consumers will have single platforms to buy a multitude of assets as opposed to doing it all individually. STOs will also become a bonafide way of creating passive income, albeit with the twist of being attached to blockchain technology. The company will be making more announcements following its presale, including new projects to be onboarded and new features such as its savings app which is due to launch later this year.

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I just came across this post warning people of whale manipulation, but this person is not showing you the full picture. The original post provided an excellent stegosauric analysis and predicted a price of $75k in September, as shown below: Stegosaurus Under a Rainbow (SUR) pattern Then a user by the name of Chance Waters…
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On Friday, coinciding with the Summer Olympics opening ceremony, Muhammad Ali Enterprises and the fine auction house Sotheby’s will be auctioning a non-fungible token (NFT) that features a never-before-seen piece of original artwork created by Muhammad Ali. According to the announcement the digitized NFT artwork depicts Ali’s interpretation of the infamous 1971 ‘Fight of the […]