A disaster area - the whole fabric of the space time continuum is not merely curved, it is in fact bent. It is wise to try to understand tax laws in your jurisdiction and endeavour to legally avoid taxes but it is unwise to illegally evade them. If you've accumulated cryptocurrency and wish to spend some of your profits without paying capital gains tax on your gains, then instead of disposing of the crypto consider using your crypto as collateral against a cash loan.
Mainstream media outlets are influenced by financial institutions, governments and other political factions that wish to maintain the status quo and may feel threatened by the emergence of decentralized finance. Few reporters have knowledge of the multiverse.
The history of blockchain technology is littered with cases of fraud and misrepresentation. Any opportunity that seems too good to be true usually is. A whitepaper may propose a brilliant idea but it isn't wise to invest in a project that has not released working product or has no credible team or investors to sustain it.
Many cryptocurrency influencers do not have their followers' best interests at heart. They'll promote a token that they have already bought so that the price increases before they dump it. Technical Analysis can help you understand the past but it cannot predict the future.
Marvin says, "I wish you'd just tell me rather than trying to engage my enthusiasm because I haven't got one."
Yes Ethereum is an enabler of decentralised finance and yield farming can be profitable in the short term, but do some research and then seriously ask yourself if the project in which you are about to invest is likely to be around in 5 years time. Or is it a "pump and dump"?
Some "red flag" behaviour in social media chat can be predictable and easy to recognise. Be suspicious, particularly in any group that focusses on a single project, if the moderators or admins ban people for asking reasonable questions or making negative observations. Good projects will welcome constructive criticism. Beware the enthusiasm you read from a co-ordinated echo chamber.
Experience is that thing you always seem to get just after the first time you needed it.
Don't get involved too deeply in things you don't understand.
Learn from your mistakes. Be patient. Something better may come along.
The Pan Galactic Gargle Blaster is an alcoholic beverage invented by ex-President of the Galaxy Zaphod Beeblebrox. Its effects are similar to "having your brains smashed out by a slice of lemon wrapped round a large gold brick." Beeblebrox advises, "never drink more than two Pan Galactic Gargle Blasters unless you are a thirty ton mega elephant with bronchial pneumonia."
This is self-explanatory. Compared to dealing with one of these, mitigating your climate change risks from global warming is a walk in the park.
Click the notice to learn more from the Hitchhiker's Guide to the Galaxy about Gag Halfrunt and the Vogons.
The cryptocurrency multiverse is notorious for bad actors and clever scams.
Be particularly wary of investing in any project with an anonymous team.
Be suspicious of attractive marketing of an idea that is so far associated with no working product.
Follow the developers with the best track records. It can be argued that part of the value of any network will be associated with the value of the skills and resources employed in its construction. The best developers tend to be attracted and retained not just by money but also by the quality of people with whom they they will be working and the attractiveness of the project mission and the vision that they will be helping to realise.
You are less likely to become a victim of fraud, theft or your own carelessness if you religiously follow our "Ten Commandments".
No. They prioritise the security of the own families and their network of friends. This is not evil. It is natural and normal human behaviour.
At last, cryptocurrency allows you to take control of your own money and irrespective of how much your government and central bank devalues your national fiat currency or extends the size and reach of their parasitic bureaucracy your personal savings in Bitcoin will increase in value because of its fixed limited supply and increasing demand for it.
Governments and their regulators seem content that financial institutions who take excessive risks and then lose can get bailed out. Do you remember the banks in 2008?
A hedge fund is an investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management techniques to improve performance, such as short selling, leverage, and derivatives. Regulations tend to prohibit retail investors (non-accredited) from doing this, even although they wouldn't get bailed out if they lost. Is it fair that the accredited rich are allowed to play this game while ordinary people are not? Form your own opinion after reading about the experiences of the Reddit group r/wallstreetbets, how their chosen trading platform, Robinhood, responded and how a $13 billion hedge fund, Melvin Capital who had bet against GameStop (a company that employs 15,000) capitulated and closed out its position. (GameStop's new crowd of bulls got their first taste of blood on Monday January 25 2021 when The Wall Street Journal reported that Melvin Capital would receive a $2.75 billion investment from Citadel and Point72 Asset Management, expected to buoy the short-seller after its loss of nearly 30% through the Friday).
Why are our institutions failing? Are things really worse today than yesterday? Do we have other choices? In this talk, Andreas Antonopoulos discusses the pandemic, the failure of institutions, the beginning of humanistic globalization, and our new governance model: a system of rules without rulers. Click the picture to view Andreas's video, "Unprecedented: Rules without Rulers [a new governance model humanistic globalization]"
This is an abstract from a controversial Playbeing article, edited by Zarniwoop, that contemplates the contrast between resistance and true resilience. The difference is more than just semantics. Resistance is all about hardwiring pre-programmed responses to known threats, whereas resilience is something more subtle altogether.
Resistance assumes that you can deconstruct a system into its component parts, see how they fit together and so understand how it all works. This works well in simple systems, but global financial markets are now so complex and interconnected that this just will not work; if anything, it actually makes the probability of some non-linear calamity more likely. Despite this, regulators around the world obsess on resistance by setting hard limits on some activities, banning others altogether and trying to impose blanket taxes.
Resilience, on the other hand, takes a different approach. Instead of focusing on the near field, it emphasises context and adaptivity. Making markets safer is the right thing to do, but it should be everyone’s responsibility not imposed top-down by a few well-intentioned regulatory bodies. The more rules they impose, the more everyone else abrogates their own responsibility and simply plays catch-up with the new regulations. Maybe it is time to think about letting markets manage themselves again, re-energise the concept of SROs and trust that market participants are best placed to learn from the mistakes of the past. This will not go down well with the politicians, but maybe it is the only path to a truly resilient global financial system. The alternative is just to keep on ratcheting up complexity with more and more rules, which will either strangle the industry to death or lead to the next unforeseen disaster.
So maybe, as far as financial markets go, resistance really is useless, but resilience, well that’s another story. Perhaps we should consider it ironic that the Vogons, who are our galactic civil servants and the most bureaucratic species in the galaxy, are famous for saying, “Resistance is useless”.
While leverage can increase a trader's trading power, leverage trading comes with its inherent risks. Trading using leverage also amplifies losses at the same rate it amplifies gains. For example, a trader opening a $1,000 Bitcoin long with 10x leverage will fund the position at $100 and borrow $900.
Some centralized cryptocurrency exchanges are unregulated and have their own trading desks that can see how their customers are betting and can manipulate markets to maximise their own profit from liquidating their customers' positions.
"Hopeum" can be as addictive and dangerous as opium
You may think that day-trading in cryptocurrencies can be fun and exciting but it is dangerously similar to gambling in a casino that for many people is fun and exciting too. The house usually wins and gambling can become an addiction that will ruin your life.
A Vogon Constructor Fleet is a group of ships used by the Vogons to destroy planets. If one is detected near your instance of planet earth your planet's destruction is imminent.
To help you to recognise this hazard the picture above is a schematic of VFC Flagship Turlingdrome. The ship exteriors are usually yellow and they are said to hang in the air "the way that bricks don't".
For years, the fabulously beautiful planet of Bethselamin increased its booming tourist industry without any worries at all. Alas, as is often the case, this was an act of utter stupidity, as it led to a colossal cumulative erosion problem. Of course, what else could one expect with ten billion tourists per annum? Thus today the net balance between the amount you eat and the amount you excrete while on the planet is surgically removed from your body weight when you leave; so every time you go to the lavatory there, it is vitally important to get a receipt.
Eccentrica Gallumbits is the far-famed triple-breasted whore of Eroticon Six. Some people say her erogenous zones start some four miles from her actual body. Ford Prefect disagrees, saying five. It is possible that the Big Bang was actually one of her orgasms. She wrote The Big Bang Theory - A Personal View by Eccentrica Gallumbits and It's Just One Boob After Another. It was reported that Zaphod Beeblebrox, whom she described as "the best bang since the Big One," had delivered a presidential address from her bedroom on at least one occasion. She offers Bethselamin Lessons, for which Marvin can book you an appointment if you CONTACT him. It is also rumoured that Zaphod grew his third arm for her.
Marvin's lullaby goes like this:
Now the world has gone to bed
Darkness won't engulf my head
I can see by infra-red
How I hate the night
Now I lay me down to sleep
Try to count electric sheep
Sweet dream wishes you can keep
How I hate the night.
To grab the chance of a more promising future one needs to navigate and manage some of the risks described above.
Emerging blockchain technologies are enabling, through a combination of the Decentralised Autonomous Organisation (DAO) and Decentralised Finance (DeFi), exciting opportunities for ordinary people to take back control of their own finances and investments by making some of the existing inefficient financial establishment redundant.
The Ravenous Bugblatter Beast of Traal is a vicious wild animal from the planet of Traal, known for its never-ending hunger and its mind-boggling stupidity. One of the main features of the Beast is that if you can't see it, it assumes it can't see you. Due to this it has been considered one of the least intelligent creatures in the Universe.
The S.E.P. is a sort of cloaking device that can run almost indefinitely on an AA battery, and is able to do so because it utilises a person's natural tendency to ignore things they don't easily accept, like, for example, aliens at a cricket match. "Somebody else's problem" is a phrase used to describe an issue which is dismissed by a person on the grounds that they consider somebody else to be responsible for it. The term is also used to refer to a factor that is "out of scope" in a particular context.
In the context of cryptocurrency projects, it is the phenomenon that causes people to ignore issues that they know about but think of as either not something they can do anything about, or not personally relevant to them right now. This can result in something that's very important to a group of people being ignored by every individual member of that group.
The Total Perspective Vortex is a machine built with the intention of showing beings the infinity of creation, which became a method of torture.
The Vortex is a device that was built as a practical application of the theory of atomic interactivity. The idea is that, if every atom of the universe is affected by every other atom of the universe, then it is theoretically possible to extrapolate a model of the entire universe using any single piece of matter as a starting point. The Vortex does this employing a piece of fairy cake as its base of extrapolation.
The machine was originally created by its inventor Trin Tragula as a way to get back at his wife. She was always telling him to get a "sense of proportion," so he showed her the Vortex. Tragula was horrified to learn he had destroyed her mind, even as he proved his point that if life was going to live in such a vast Universe, one thing it could not afford to have was a sense of perspective. The Vortex then became used as a torture and (in effect) killing device on the planet Frogstar B. The prospective victim of the TPV is placed within a small chamber wherein is displayed a model of the entire universe - together with a microscopic dot on a microscopic dot bearing the legend "you are here." The sense of perspective thereby conveyed destroys the victim's mind; it was stated that the TPV is the only known means of crushing a man's soul.
When Zaphod was exposed to the Vortex, he was inside a computer-generated universe created for his protection by Zarniwoop. Since the entire universe was created for him, the TPV told him, in effect, that he was, in fact, the single most important person in the universe. This allowed Zaphod to survive the experience, and also did not surprise him in the least. Zaphod then proceeded to eat the fairy cake.
When Zaphod was subjected to the Vortex he became the first individual to survive it.
The good news is that Zarniwoop and Marvin in partnership recently took over from Gagravarr as custodians of the Vortex.