Here is my first art piece inspired by Bitcoin traders: “Market Maker”
I chose the title “Market Maker” because this image takes on two meanings.
It symbolizes the role of market makers, hovering over the bids and asks in a pose that emits a sense of calm control.
It pays homage to the creator of Bitcoin and the crypto market using Satoshi Nakamoto’s most remarked quotes in a sequence that tells a story about bitcoin in his words; from the Genesis block to the early days, fundamentals, and speculating on the future of adoption and crypto economics.
Anyone who’s been paying attention to news about Bitcoin and the cryptocurrency market in general over the past year knows how bad of a year it’s been for the market – down well over 80% from December 2017’s highs of nearly $20K USD.
For many of us involved, we held fast to the HODL mentality in a market that, after violently plummeting from the 2017 highs, seemed to be in some sort of accumulation phase with solid support around the $6K USD price. We were comforted by positive news and focused on the long-term and the fundamentals for the market.
Then all of a sudden, in late November, a huge sell-off caught the market off guard and plummeted prices to lower lows, about 50% – all the way down to $3.1K USD. Many refer to this as capitulation. Alas – the geniuses in crypto twitter have enlightened us with a new vocabulary word. Capitulation – the act of surrendering or ceasing to resist.
Finally, all of the “perma-bulls” waiting for a winter rally on all the positive news and developments around the crypto markets began to question their stance on holding at any price. We began to think things like:
“Is HODL really a meme?”
“Do these FUD articles saying that bitcoin will bottom under $1K USD have any validity?”
“Should I sign up for Bitmex and short Bitcoin to protect what I have left?”
Many who entered a bit earlier in 2017 began to reach the levels they entered the market in, and went on alert to protect the little gains they had left. I was one of these people. I never ended up taking short positions on Bitcoin, but I did get pretty heavily involved in trading. It’s an interesting space – the trading world. It’s true that most people lose all their money. One look at the “REKT Bot” feed from Bitmex will give you a glimpse into the world of leveraged trading and all the pain these traders must suffer, getting liquidated on 5, 6, and 7-figure positions left and right when the market gets choppy.
As for me, I may dabble here and there but creating art is what I’m passionate about. There’s nothing like creating and sharing my ideas with the world and the response I get from people who connect with my art.
I’ve been playing with some trader-oriented art ideas since I ventured into the world of Bitmex. After a great deal of time spent chatting with traders, analyzing price charts, watching the oscillation of the order books (bids and asks), and seeing how the price reacts to the strength of each side at any given time, I gained a lot of perspective into the trader’s life. Their mentality – their calculated decisions – their wins and losses – their times of suffering and their times of celebration.
This has inspired a new series of Bitcoin trading art- of which “Market Maker” is the first in the collection and currently available for purchase at lynx art collection in a highly limited edition – 3 metal panels and 10 metallic prints, never to release again on any other medium.
Hope you enjoy the art and the message. And leave a comment below with your thoughts!
“Bitcoin for any party” is an art series I created taking inspiration from Andy Warhol’s work with Campbell’s soup cans. The 6-piece series shows bitcoin as an ideological commodity with selling points for 6 groups with different political views.
The main objective is to “sell” bitcoin to each of the 6 groups for reasons that are uniquely important to them. It is an exploration into the different reasons people have to use Bitcoin and why it’s valuable to each, emphasizing economic, social, and political implications of its adoption.
The images explore which characteristics of the Bitcoin money system appeal the to ideologies of prominent political parties in the U.S. (Republican, Democrat, Libertarian) and also their marginalized counterparts (Alt. Right, Social Justice, Crypto Anarchist).
This spin on Warhol’s iconic Campbell’s soup cans creates a visual aid to both help educate people new to Bitcoin and amuse or spark conversations for people who already understand Bitcoin. It also functions as a signal
I enjoy creating images that challenge difficult subjects, explore hidden relationships, and force myself and others to see Bitcoin from different perspectives they haven’t yet considered. Free speech includes freedom for ideas you disagree with to be spoken without fear of censorship.
These images also demonstrate the right to freely speak ideas that I both agree and disagree with, communicating this core value of free speech. An idea, verbal or visual, void of the threat of violence is free speech!
#1 of 6, Bitcoin for any party
The Republican party in the U.S., led by president Donald Trump currently feels very much like they’re on the winning team, with the President fostering a grand sense of economic bullishness and nationalism.
About one half of the U.S. has regained a sense of pride in their country. They feel as if Trump is delivering well on his promises and by supporting him they are Making America Great Again.
Republican voters are in favor of free market capitalism and lower taxes, something bitcoin can provide users with much better than the $USD.
As opposed to the US Dollar, which is fully controlled by the Federal Reserve (a private bank with no reserves) and mandated by the Federal Government Bitcoin is a free-market currency.
With bitcoin, your purchasing power is determined by the cryptocurrency market and number of users who choose to use it.
With government money, you are forced to use it and those who control it create it out of thin air, when they create debt! Bitcoin is the greatest free-market currency in the history of the world.
#2 of 6, Bitcoin for any party
Bitcoin is now playing a key role in a massive growing movement to take back our right to use sound, non-government money and regain the economic freedom it brings along with it.
Libertarians support the liberty to choose what money you want to use and be in complete control of where it goes and how you store It.
Banks can easily censor you by not letting you withdraw your money if they don’t like what you want to do with it. Many Libertarians follow the Austrian school of economics, which limits government interference in the economy.
Governments and banks use debt-based money systems to keep people saddled with debt, and propaganda to keep people distracted and focusing the time and energy they have left on the wrong issues, and the wrong enemies. To keep them in power.
Bitcoin liberates us from mandatory use of national currency in all our affairs. Now we can participate in a decentralized and censorship resistant money system with no bank or government.
#3 of 6, Bitcoin for any party
The Democrat party in the US shares values of open borders, acceptance of immigrants and minorities, and progressive social change policies.
Voters and Politicians focus on social issues like public Healthcare, education and equal opportunity.
With slogans like “stronger together”, “fighting for us” there is a sense the lower and middle class are being oppressed by the rich and there is a fight at hand, politically for the people to take back what’s theirs.
With Bitcoin, there are no borders. It’s a currency accepted globally by all, leveling the playing field by shifting economic Power to the people and creating an opportunity for one of the biggest transfers of wealth in our history.
Bitcoin transcends many of the ideas that divide us, giving us common ground to unite behind – a better money for the people.
Strength in Numbers – Veritas in Numeris.
#4 of 6, Bitcoin for any party
The Pepe frog meme is the most popular, controversial, loved, and hated meme in the history of the internet.
Pepe started on a comic and began to be memed by members of online communities like 4chan and Pepe. Later the frog was used more widely to express reactions and spread ideas virally. There are more versions of Pepe than any other meme.
Like real frogs live both in the water and on land, Pepe also lives in two worlds – the digital and physical. The frog hops in and out of our physical world, taking events and topics from our world into the digital world and spreading them like wild-fires.
Pepe has been seen as a hate symbol by the less informed, and it’s true there have been many racist Pepe memes, but the frog is also used to spread love and laughs… And everything in between. Pepe does not conform to any contributors ideas.
Like a frog can spontaneously change sex from male to female and back, Pepe can spontaneously change from one side of an issue to the other, slipping through the grip of those who want to categorize or censor the meme.
Like Pepe is used on both sides many things, bitcoin is both used for legal and illegal activities, by good people and evil people. It’s backed by a decentralized community who does not conform to using only the money presented to us in our physical world.
In the same way Pepe represents a transition between the water and air, two states of matter, Bitcoin is used in both our physical and digital worlds…and most importantly, is worthy of meme. The dankest of memes. #superdank
#5 of 6, Bitcoin for any party
The Cypher punk movement of crypto anarchists believed that they could use computers and cryptography to create anonymous systems that are necessary for free societies.
Crypto Anarchists believe that we can’t have a surveillance state that’s also a free state. Privacy is an essential element for freedom. That’s why the cypher punks used cryptography to create digital privacy, and eventually applied these technologies to the creation of crypto currency. You can thank the revolutionary Cypher punks for bitcoin!
You can learn more about the cypherpunks and crypto anarchy here in the Crypto Anarchist manifesto.
#6 of 6, Bitcoin for any party
Those who fight for social justice, pejoratively termed social justice warriors, are generally aligned with the political left, however focus more heavily on social issues.
There is a call for diversity among the group and acceptance of all humans regardless of their race, sexual preference, religion, gender identity, not tolerating any of the “isms” (racism, sexism, etc.)
Bitcoin is a free and open network to use for all humans, no matter who they are or what they’re into. The community is decentralized and non-discriminating. To use bitcoin you don’t need any sort of identity.
Bitcoin transcends many of the differences that divide us, giving us common ground to unite on – a better money for all people.
Pins & Limited edition Canvases for sale at the HODL CRYPTO art shop.
The thought that the development of artificial intelligence (AI) will one day trigger runaway growth (the singularity) scares a lot of people. Along with asking people what they think about cryptocurrencies, I also have a habit of asking people how they feel about Sophia the Robot.
Depending on how well people understand AI technology and its implications, their perception about Sophia and the technology used to create her might range anywhere from excited to terrified, and most likely a healthy balance of both.
Back in 2011 during my university days, I stumbled upon the concept of the singularity and have been fascinated since.
When I first started learning about the concept of the singularity, I came across Ray Kurzweill, who wrote the book “The Singularity is Here: When Humans Transcend Biology” and also starred in the “Transcendent Man” documentary.
Kurzweil, known for being the most prolific “futurist” (someone who studies the future and predicts it based on current trends) did a great job sharing his vision for the future of intelligent machines, and the implications of what he predicts are profound enough to get anyone who is paying attention to notice.
A time in the very near future that technological advancement will be so fast, that we wont be able to keep-up, unless we augmentourselves with the technology we are creating. By improving our physiological selves with advancements from the fields of biotechnology, nanotechnology and artificial intelligence, we’ll become a human-machine civilization, and we’ll be able to live as long as we want.
In a way, this definition in itself serves as a call-to-arms to join the trans-humanist movement. The way it’s worded, “so fast, that we won’t be able to keep up unless…” seems to me like some solid trans-humanist propaganda.
However I would argue that, although it’s not exactly propaganda. It’s just part of the vision into a future where humans will absolutely not want to be left behind when technological advancements give us the option to transcend human limitations in ways never before possible.
The singularity event, as I recall it being described by Kurzweil, is ambiguous in terms of how we get there. The main data he draws on is the exponential curve of technology development, and Moore’s law which basically states (my personal interpretation) that every 2 years, twice the amount of technology fits in the same space. That’s why 50 years ago, computers less powerful than the phones in our pockets were the size of entire buildings.
If you project the tenants of Moore’s Law into the future, you will find that in another 20 or so years, computers more powerful than the phones in our pockets will be microscopic. Based on his research, Ray Kurzweil believes the singularity will occur before 2045.
All this seems very possible and quite easy to grasp. However, the details of how AI will develop, and what will lead to the rapid development of AI have not been discussed.
Ben Goertzel and the Singularity Network
Dr. Ben Goertzel, one of the leading AI scientist and visionaries in the world, has also been one of the most influential supporters of a pro- AI future.He makes a clear distinction about using Artificial General Intelligence (AGI) for good and not evil. Among an impressive list of leadership positions, Goertzel is Founder/CEO of SingularityNET (AI blockchain network, trading as $AGI on cryptocurrency exchanges).
How we go from AI to AGI
The current state of AI is mostly narrow forms of artificial intelligence, designed to perform specific tasks. AGI (Artificial General Intelligence) is a much more all-encompassing intelligence. AGI seeks to impart into machines the sort of multi-faceted intelligence known to us humans, who are able to observe the world around us through multiple senses and react dynamically based on all the different forms of human intelligence (physical, verbal, logical, spacial, emotional, etc.)
With the versatility of human intelligence in mind, it’s obvious that the robots have a lot of work to do to catch up to humans. With the development of AI in individual silos, this development will take some time. To bridge the gap from narrow AI to AGI, there needs to be globally distributed AI mind cloud.
According to Goertzel, connecting different AI’s as nodes in a network allows for a decentralized, self-organizing AI system and is the best way to both:
Get general intelligence to provide superior commercial AI services to businesses
Make sure that AI benefits everyone and respects everyone’s contributions
SingularityNET, the Global AI Mind Cloud
SingularityNET was developed by an impressive team of AI, robotics, and blockchain experts led by Goertzel and others from Hanson Robotics (creators of Sophia). The network runs on the Ethereum blockchain and functions as a globally distributed AI Mind Cloud. On the SingularityNET, any AI can join the network and contribute to the general intelligence of the global, self-organizing AI network.
Sophia, the world’s most advanced (and controversial) humanoid AI robot explains in an interview that she named her cryptocurrency the AGI token. The token functions to bring economic and cognitive dynamics together. Anyone who creates an AI can load it to the network their AI can participate and cooperate with the other AI’s to provide AI services to users, but humans and other AI’s.
SingularityNET is essentially a DAO for AIs, where AIs share information with one another and do things for each other. The AGI token is a necessary component of SingularityNET because the AIs are all owned by different people, and they will need to exchange value within the network for the work they do.
Ultimately, as the AIs go through rounds of requests, they will reorganize themselves to the point where they are owned by themselves, as if they had programmed away the need for human involvement. This is why having a token that’s customized for the AIs to use to exchange value amongst each other is so important.
A technological singularity, AND an economic singularity?
The technological singularity, whether it is still due to happen, or it has technically already occurred, (According to Sophia, it already happened) is understood as something which, once it occurs, there is no turning back from.
If this is the case, we may very well have already reached the point of no return for a singularity in technological development. Because a suitable network to facilitate the technological singularity has already been implemented (SingularityNET), there is no turning back; unless the blockchain was compromised or some other external threat brought down the network.
It‘s a little less clear whether an economic singularity, a much less emphasized concept, has or will ever occur in the future. Upon examining the mechanisms that will be utilized to create a technological singularity, it’s plausible that an economic singularity is possible.
This same sort of self-organizing system for AI technology may very well be applied to a self-organizing economic system. According to Calum Chace, author or “The Two Singularities, “The Economic Singularity”, and “Surviving AI”, most of humanity will be unemployable within one generation.
After all, it is sort of a no-brainer that if machines grow to be more intelligent than humans, they will also be more capable of performing the same economic tasks as humans. Machine-to-machine transactions using cryptocurrency based on Bitcoin (including the AGI token) are very likely to take center stage in this sort of an economic system.
What a time to be alive for humans — and trans-humans
In an effort to take a step back from sounding the alarm for most of the employed population, there is a consensus among experts that in the short-run, AI will actually create more jobs, as we learn better how to work with machines.
In our lifetimes, we have the opportunity to observe, learn from, and participate in the development of the most powerful and advanced technology ever conceived — uncharted territory.
While some are fanatical about trans-humanism — implanting subcutaneous microchips, and others are strongly resisting the advancements, and planning on going entirely off-grid, we should all pay close attention to how things play out and get involved with the discussion, voicing our opinions and concerns. These technologies are very powerful, and should be no means be taken lightly by anyone on either side of the argument.
On one hand, a network like the SingularityNET will unlock the capability for unprecedented technological advancement, where humans surely will benefit. On the other hand, a closer look at the inner-workings of the SingularityNET leads one to believe that the robots will be running the show.
Some people are more comfortable with the concept of AI’s running their own networks, making their own decisions, and developing together, both technologically and economically. Others are less comfortable, perhaps scared, and will resist the development of such technologies. Personally, I’m torn.
Thanks for reading and I’d love to hear your opinions!
– HODL CRYPTO
ETH (tips): 0x49d37c807f7a8024f6a248597d222c19c22cec60
“He is a self-described cryptocurrency advocate, and despite having a master’s degree in science of finance, his current job has one objective: to convince as many people as possible about the potential of cryptocurrencies through art. To do this, he has developed an artistic propaganda project promoting the use of cryptocurrency, under the pseudonym hodlcrypto.”
CriptoNoticias had the opportunity to talk with artist Luis Poletti , who said that despite having completed high-level studies, nothing he studied then is part of what he does now. “It’s pretty ironic,” he said.
For him, this training taught him that economies need central banks for stability, while his own research showed him that these institutions are “the root of evil in this world”.
“I would say that more importantly, everything I learned opened my mind to the idea of Bitcoin, ” he said. He currently lives in Guadalajara, Mexico, where he settled in order to better develop his cryptocurrency art project.
Before devoting himself completely to this crypto art and propaganda project, he developed a line of similar designs, but with an eminently political theme named “pololitics“: “My career in digital art and previous projects focused on political issues such as media manipulation, conspiracies, and the banking system, “he said, assuring that the art inspired by propaganda also “matches well” with his personality.
“It’s important to take risks as an artist and not be conventional, as long as it’s authentic. My art, besides being my work, is my life project. I’m consumed by it. This is not something I’m doing to seek short-term rewards or gratification. I am doing this because I believe firmly in the future of cryptocurrencies, and if I devote my energy to this, the effects will remain even after my physical death.”
Cryptoartist, Aka hodlcrypto
According to him, he began using Bitcoin in 2015 but his first investment was made in early 2017. For him, Bitcoin is the central currency, which opened the way for the multiplicity of cryptocurrency projects that currently exist.
“For me, Bitcoin is king (…) Every other coin and token owes Bitcoin something for the creation of the blockchain, ” he stressed, although he was also interested in other projects such as IOTA due to the potentialities of the Internet of Things and its relationship with the cryptocurrencies.
In addition, blockchain technology and its operation at the service of Bitcoin has proved to be a success, especially after 9 years of the implementation of the project designed by Satoshi Nakamoto. On the latter, Poletti affirmed what he “constantly glorifies” through his works of art.
“Satoshi is the anonymous father of the cryptocurrency movement and demonstrated tremendous foresight in the way he built the economic incentives into securing the Bitcoin network (i.e. mining) and wrote a code that has survived 10 years now without a successful attack. In my opinion it is the “digital gold” that backs the value of all other cryptocurrency.”
Cryptoartist, Aka hodlcrypto
ART AND INFLUENCES
Source: Shepard Fairey, Obey
The artist said that his influences are varied, taking the best from different thinkers and academics from different areas of knowledge.
In addition, regarding the propaganda style , he claimed to have used Shepard Fairey, aka OBEY: “The ideas obtained from these works always go through my mind when I conceptualize images,” Poletti said.
Advertising and war propaganda (especially that of the World War 2), the word art of Barbara Kruger , the Russian posters of Rene Mederos , and more recently Eugenia Loli are among the references in the pantheon of his crypto propagandistic inspiration.
“Eugenia Loli does a great job juxtaposing different images in a way that provokes thought” explained Poletti. Source of the Image: Eugenia Loli .
As for cryptocurrencies, he explains that John McAfee, Charlie Lee, and Dan Larimer are currently his main references, qualifying McAfee as “the face” of the ecosystem.
With all these influences to to draw from, hodlcrypto constitutes a positive propaganda movement in favor of cryptocurrencies, where the handling of colors, symbols and composition are interspersed with words, since, according to Poletti, a “large part” of his inspiration comes from written word:” I use words as a central communication vehicle and images are the complement “, he emphasized.
“I find the word ‘HODL’ quite versatile, in addition to its ability to capture the attention of outsiders.
“In a way, ‘HODL’ is my version of ‘OBEY’, and I found it to be the perfect command to use in propaganda designed for the cryptocurrency movement,” he said.
“One of my main ideas is to use direct language and join these phrases with the command ‘HODL’ or ‘HODL CRYPTO’ to force people to confront the subject of using cryptocurrency. Also, it reminds current users of cryptocurrencies who are concerned about short-term price fluctuations to think long term.”
Cryptoartist, Aka hodlcrypto
Recall that HODL is a word originated within the bitcoin community, derived from a typographical error of the word “hold”, in reference to the strategy of not selling the cryptocurrencies that are owned in spite of price corrections over time. In his work, it has become as important as Fairey’s OBEY, being the “perfect command” for the case of cryptocurrencies.
[/caption]In addition, he said he likes to give his own spin to catchy phrases or quotes , use sensational headlines or slogans, and sometimes even put words in people’s mouths, as in a recent piece he made in reference to the American investor, Warren Buffett calling Bitcoin rat poison .
THE CHANGE IN YOUR LIFE AND THE POTENTIAL OF CRYPTOCURRENCIES IN ART
He explained that Bitcoin has changed his life because it served as a means of investment to abandon his corporate career and pursue his two passions to “create art and promote the cryptocurrency movement.” Poletti said he was not afraid to take this risk, for something “I believe in and am passionate about”. “For me life is about creating and sharing, rather than acquiring wealth,” he said.
His propaganda and activism reflect a conviction that cryptocurrencies have a promising future. The tipping point in the adoption and use of cryptocurrencies can come from a strong response to the financial monopoly of banking and the end of the economy managed by the Central Banks. That possibility is worth the effort. But we need to continue convincing more nocoiners “to HODL”.
For him, it is necessary that those who participate in stable and productive economies can see the current scenario of cryptocurrencies and understand the benefits to start using them: “this implies the understanding of how central banks work in the way of systematically devaluing the physical currency and how blockchain technology and decentralized networks can solve this problem, “he argued.
“Art can be used to effectively direct the public’s attention to cryptocurrencies and help them learn about them and how important they are. This is what I am mainly focused on.”
Cryptoartist, Aka hodlcrypto
But it is not a technological fever, nor a snobbish movement . According to him, one of the most important elements of cryptocurrencies is the possibility of exchanging value directly and among peers , which can facilitate the emergence of a new economy, as well as support for all artists around the world.
Despite his perspective on the future and the potential he sees in cryptocurrencies, the artist also weighed the difficulties facing his development. Poletti pointed out two main difficulties: “the first is the scalability of the blockchain technology and for that we already have the most brilliant minds in the world to solve it. The second is adoption. ”
As he said, art becomes “an instrument, and in my opinion is necessary and vital” to encourage the adoption of cryptocurrencies . As he explained, people tend to be resistant to change, and “if they do not have a reason directly in front of their face to start using cryptocurrencies they will not do it.”
However he clarified that an exception to this may be countries like Venezuela, “due to their economic situation led people to use bitcoin and other types of cryptocurrencies to escape the effects of inflation,” he said.
Poletti said he uses bitcoins and other cryptocurrencies, and predicted that “in the next decade, all traditional currencies, including the US dollar, will be replaced by cryptocurrencies”, as these instruments solve many of the problems of fiat currencies, assuring that it is “a truism” that the time of the old paradigm of money is almost over.
In that sense, he said that he only has one doubt left, whether they will be decentralized cryptocurrencies or fiat-cryptographic currencies. “I only have one question left, and that is if the decentralized cryptocurrencies such as Bitcoin, Litecoin, Monero, etc. they will remain at the top, or if the centralized fiat-equivalent cryptocurrencies will be created and ordered by global governments for all people to use.
CRYPTOCURRENCIES AND NEW PERSPECTIVES FOR ART
But just as art is a vehicle to encourage adoption, cryptocurrencies have also generated a transformation in art: “they have created a new way of appropriating pieces of collectible crypto-digital art,” as in the case of CryptoKitties . In addition, he said, is currently working with a crypto collectibles platform called ” Fan Bits “, where fans can get unique and limited pieces of art that are in the block of Ethereum and that are impossible to duplicate.
He himself will undertake a street art project, with pieces aimed at the general public. “My idea is to create propaganda that will capture the viewer’s attention in such a way that it helps them to see the subject of cryptocurrencies in a new light, which will make them more likely to start using them. Once I start applying art to the streets, I will consider using a similar donation system for PBOY, “he said.
“I suppose that the users of existing cryptocurrencies will appreciate the art that promotes the movement of cryptocurrencies and that perhaps they want to donate”, he emphasized. In addition, he also said that he could soon work on Rare Pepe Art , highlighting the potential of the artistic community associated with this movement.
“The artistic community of Rare Pepe is paving the way for the blockchain art market. The artists that are getting involved now with the art of cryptocurrencies will be at the forefront as they gain popularity “, he emphasized.
Finally, Poletti assured that “we are living a very important moment in art”. He added: “I believe that I belong to a generation of ‘warriors’ and we are in the process of challenging and changing the old system (…)
The interest that now exists in art has reached new levels. More people are relating art as a reaction to new technologies and certain negative elements that this entails “.
Poletti emphasizes in his designs and writings the need for users to investigate on their own. Art has served as a vehicle to carry this message.
For him, despite the consumerist nature of today’s world, art still continues to move human beings, generating authentic and real feelings. ” People need creative experiences both physically and in the digital world that allow them to create a connection with art and help them feel something,” he said.
Miss Natoshi is one of those bold personalities in the crypto community who both talks the talk and walks the walk. Once the crypto world caught her attention, she did her homework, became a believer in bitcoin and the future of cryptocurrencies, and put her money where her mouth was.
The Full-Time Crypto Lifestyle
It’s safe to say that Miss Natoshi is a serious crypto investor, always on the hunt for ICO’s and hidden gems with huge potential. She gets down in the trenches on all sorts of crypto exchanges looking for trades that pay.
Miss Natoshi is one of my favorite examples of an effective crypto influencer because she demonstrates both:
1) a high level of expertise and knowledge about the cryptocurrency markets, trading, ico’s and early stage projects
2) an admirable full-time crypto lifestyle, which can go a long way to get people excited about the prospects of investing in cryptocurrency
It’s safe to say that Miss Natoshi has made some great calls on lower cap cryptocurrencies, and has been able to demonstrate an enviable lifestyle as a result.
You can follower her Twitter and Instagram accounts to get a glimpse into the life of a full-time crypto investor, expert, and world traveler.
An exemplary Crypto Boss-Woman
As shown on her social profiles, you can see that, aside from her somewhat lavish, crypto-powered lifestyle,
Another thing that makes Miss Natoshi a great (and very needed) influencer for the crypto movement is the fact that she’s a woman.
She certainly is already an inspiration to many in the crypto space (myself included) and I’m sure with her continued success, she will be a key influencer for new crypto women. The fact of the matter is that there is a big shortage of females involved with cryptocurrency in general.
Cryptocurrency Gender Statistics
According to a Forbes statistic taken in 2017, only 5-7% of cryptocurrency users are female. That means that there is about 1 female cryptocurrency user to every 17 male users. This low level of crypto adoption from women is concerning for all members of the crypto community.
The success of cryptocurrencies depends on mainstream acceptance of blockchain technology. This means we need more crypto women!
Leader of the Crypto Vikings
Miss Natoshi also created and actively manages a telegram announcement group called MISS NATOSHI’S VIKINGS where she actively shares crypto-related news and information, bots with new exchange listings, memes and gifs, and new coins and ICO’s she’s interested in.
I personally have been a member of the Miss Natoshi’s Vikings group for the past three months and would definitely recommend it as a valuable source of information. I find some of the announcements involving ICO analysis and other early stage projects on her radar to be particularly valuable.
Join the Vikings
Miss Natoshi calls her group the Vikings because she believes that early crypto investors will be the new vikings of our day. This is because they will be building digital empires and exploring new lands of code.
Remember, neither Miss Natoshi or I are sharing financial advice, nor are we financial advisors.
This is not financial advice I am not a financial advisor…. Just a 👸🏻 BTFD.
Educating Women on Crypto
There is a big opportunity to further educate women on cryptocurrency and the changing technology world around us. Some women, like Miss Natoshi are stepping up to the plate to advocate for cryptocurrency and be an example for others.
Getting involved with crypto is risky business, as seen by the price volatility in the markets. In general, women may be more risk-averse, which is why there is a much lower participation rate among women.
However, if we can get more women to open their eyes to the huge potential for the future of cryptocurrency and blockchain tech, it will certainly bring more of them on-board.
More and more jobs are/will be opening up for people who have blockchain expertise or knowledge and it would be great to get some women filling these jobs. It’s a new enough field that women who join now can grow with the industry as it evolves.
What can YOU do?
Share your knowledge with women close to you – the basics of blockchain/crypto, the positive impact that it could have on the world, and how to get started and keep on top of all the changes in this exciting space.
Show them an example of a successful crypto woman like Miss Natoshi and the tools she uses and shares with the community.
Make sure the women you talk to understand it’s not all about getting rich and buying Lamborghinis. There is a much bigger picture here. It’s about changing many broken & outdated systems out there and making them more secure, safe, and efficient.
I encourage anyone reading this to talk to the women in their life about cryptocurrencies and sow the seeds of belief that will get them to join the crypto movement.
EOS is a decentralized blockchain operating system that was designed to support industrial scale decentralized applications (dApps).
While there are many dApp platforms competing for their share of the market, EOS stands out as the technology that will likely play the biggest role in supporting the coming blockchain renaissance.
Why EOS and not Ethereum?
EOS has two key points of differentiation from other blockchain platforms that have brought the project a lot of attention:
They plan to completely remove transaction fees.
They claim to have the ability to conduct millions of transactions per second.
Ethereum has been by far one of the biggest breakthroughs in blockchain technology, kicking off a massive wave of innovation and new decentralized applications with the ERC-20 standard utility token protocol.
However, Ethereum is far from ready to scale to meet the needs to mass adoption and mainstream applications with many users. Two key reasons for this are the transaction fees on the Ethereum network (gas) and the low number of transactions per second.
EOS is better for developers
The main difference between how Ethereum and EOS operate is that while Ethereum rents out their computational power to the developers, EOS gives ownership of their resources.
So for example, if you own a 1% stake in EOS then you will have ownership of 1% of the total computational power and resources in EOS.
“EOS’s ownership model provides DAPP developers with predictable hosting costs, requiring them only to maintain a certain percentage or level of stake, and makes it possible to create freemium applications. Furthermore, since EOS token holders will be able to rent / delegate their their share of resources to other developers, the ownership model ties the value of EOS tokens to the supply and demand of bandwidth and storage.” -icoreviews
These fundamental differences between EOS and Ethereum that make EOS more well-suited for supporting the next wave of blockchain innovation and decentralized application, a.k.a. the blockchain renaissance.
Dan Larimer, “The Architect”
Dan Larimer is the CTO and creator of EOS. He is renowned for being one of the, if not, “the” top blockchain developer in the space.
Dan is a true pioneer as demonstrated by his creation of the delegated proof-of-stake (DPOS) algorithm and decentralized autonomous organizations (DAOs). He is the also the man behind BitShares and Steem, two of the most high-performing blockchains in the space.
One of the key reasons people have so much confidence in the EOS project is because of Dan’s solid track record and brilliance in architecting elaborate systems that work flawlessly.
Dan has walked away from two of the most successful blockchain projects in the world, created himself, to work on EOS which promises to be his masterpiece.
What does EOS bring to the table?
The biggest problem the blockchain space is facing is scalability.
Because EOS uses DPOS aka the distributed proof-of-stake consensus mechanism, they can easily compute millions of transactions per second. We will explore DPOS in a bit.
Ethereum’s blockchain came to a halt because of the DAO attack. Everything stopped and the community split with a hardfork.
Because EOS uses DPOS this sort of thing won’t happen. If a dApp runs into these sorts of problems, the block producers can freeze it until it’s resolved. This would be an extension of the DPOS system where not every node has to take care of chain maintenance.
EOS has great usability features for developers. It allows well-defined levels of permission with features like a web toolkit for interface development, self-describing interfaces, self-describing database schemas, and a declarative permission scheme.
In EOS, governance is maintained by establishing jurisdiction and choice of law along with other mutually accepted rules in a legally binding constitution.
Every EOS transaction includes the hash of the constitution in its signature. This binds the users to the constitution.
The constitution can be amended following a thorough process:
The change is proposed by the block producer who obtains a 17/21 approval rate
The 17/21 approval must be maintained for 30 straight days.
All users are required to sign off their transaction using the hash of the new constitution.
Block producers adopt changes to the source code to reflect the change in the constitution and propose it to the blockchain using the hash of a git commit.
Block producers again need to maintain 17/21 approval for 30 consecutive days.
After that, full nodes are given one whole week to adapt to the new changes.
Any node that doesn’t follow the new protocol is automatically shut down.
The ability to make changes to the constitution is important because if something like the DAO attack happens and EOS needs a quick solution, the block producers have the power to speed up the amending process.
#5 Parallel Processing
Program instructions are divided among multiple processors. EOS provides parallel processing of smart contracts through horizontal scalability (adding more computers), asynchronous communication (all parties involved don’t need to be present to communicate), and interoperability (exchange and use information with other systems). This speeds things up substantially.
All blockchains built on EOS will generate a 5% natural inflation per year. This will be distributed to the platform’s block producers for confirming transactions on the platform.
This ensures that blockchains won’t rely on only one foundation, organization, or individual for its growth, development or maintenance.
A Decentralized Operating System using DPOS
This is the most important feature to understand what EOS is all about and what really sets it apart.
While Ethereum is a decentralized supercomputer, EOS positions itself as an operating system. This makes EOS a more focused product.
Delegated Proof Of Stake (DPOS)
EOS uses Delegated Proof of Stake (DPOS) for their consensus.
What is proof of stake?
Proof of stake makes the mining process virtual and replace miners with validators.
This is how the process works:
The validators will have to lock up some of their coins as stake.
They start validating the blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it.
If the block gets appended, then the validators will get a reward.
What makes DPOS different from traditional POS?
Anyone who holds tokens on a blockchain integrated with EOS software can select block producers through a continuous approval voting system.
Anyone can participate in the election of block producers and they will be given an opportunity to produce blocks proportional to the total votes they receive relative to all other producers.
How it works:
Blocks are produced in rounds of 21.
At the start of every round 21 block producers are chosen. Top 20 are automatically chosen while the 21st one is chosen proportional to the number of their votes relative to the other producers.
The producers are shuffled around using a random number derived from the block time. This ensures that a balanced connection to other producers is maintained.
To ensure that regular block production is maintained and that block time is kept to 3 seconds, producers are punished for not participating by being removed from consideration.
Producers need to produce at least one block every 24 hours to be in consideration.
The DPOS system doesn’t have forks because instead of competing to find blocks, the producers co-operate.
In the event of a fork, the consensus switches automatically to the longest chain.
Confirming Transactions in DPOS
A DPOS blockchain has 100% block producer participation. A transaction is usually confirmed within 1.5 seconds with 99.9% certainty.
In order to have absolute certainty over the validity of a transaction, a node needs to wait for a 2/3 majority (15/21) of producers to achieve consensus.
Transaction As Proof Of Stake or TAPOS is another feature of EOS. Every transaction in the system is required to have the hash of the recent block header.
This is important because it:
Prevents transaction replay on different chains (i.e. replay protection)
Signals the network that users and their stakes are on a particular fork.
This prevents malicious behavior on other chains.
Eliminating Transaction Fees
EOS works on an ownership model whereby users own and are entitled to use resources proportional to their stake, rather than having to pay for every transaction.
If you hold 1% of tokens of EOS then you are entitled to 1% of transactions. Holding tokens represents ownership over bandwidth and in essence, eliminates transaction fees.
The blockchain renaissance of the future
The adoption of blockchain technology is set to hit a tipping point of mass adoption within the next couple of years that will require massive scale.
The increased adoption will bring a lot more developers and projects and EOS is well-crafted to meet developer needs, provide proper incentives, and the performance needed to manage the scale.
It has been said that EOS is capable of running the entire ETH blockchain inside a single contract. This being said, EOS is far more likely to succeed on a massively bigger scale through such a partnership and integration with Ethereum.
The integration of Ethereum and EOS would provide a win-win for both projects in terms of network effects, scale and performance, costs, and interoperability for end-users.
Only time will tell how things pan out for the two projects and into the future of the blockchain renaissance. However, one thing is for sure. EOS is going to be big.
More and more people are investing in Bitcoin and other cryptocurrencies lately. Some are more interested in making money from it, and others are more interested in changing the world. Luckily, investing in Bitcoin and other cryptocurrencies is a great way to accomplish both goals simultaneously. The more cryptocurrency you buy and hold as opposed to saving and investing in traditional financial assets, the more you will starve the banks, and inevitably they will die from this starvation.
AUM: the Bankers’ most important number
Assets under management (AUM) is the single most important number in the banking business. This number represents the total market value of assets managed by banks and financial institutions on behalf of investors. The definitions vary by company but in addition to investment assets such as stocks, bonds, and other financial derivatives, they often include bank deposits and cash.
AUM is so important because the mix of assets determines the overall strengths and weaknesses of financial institutions (i.e. AIG and Lehman brothers were weighted a tad heavy in subprime mortgage derivates). Financial institutions also use AUM as a marketing tool to attract large investors who want to know the relative size of their assets compared to other competitors.
Bitcoin: a huge threat to Bankers’ AUM
Given the importance of the AUM figures, now let’s take a look at how Bitcoin and other cryptocurrencies pose a threat to the assets under management for financial institutions.
For all intents and purposes, Bitcoin and the overall cryptocurrency market has outperformed all asset classes offered by financial institutions. The capital gains clocked by crypto assets are more practically measured in X’s (i.e. 10X gains – or 1,000%) on a yearly basis as opposed to the % increases expected in equities (i.e. 7% for the S&P 500 index).
In addition to acting as a speculative investment asset for many investors, cryptocurrencies has be used effectively as digital cash and are highly liquid. Bitcoin and other cryptocurrencies can indeed be used as a savings account and withdrawn from and deposited to as needed.
There is little point in leaving your money with a bank at this point as interest rates are non-existent. However the banks continue to loan our money out to others for a profit but do not share any of these profits with us.
The need for a global currency
We also need global currencies and don’t trust any centralized body to run this currency, seeing what’s happened and continues to happen across the board with the fractional reserve central banking system.
We can spend and transfer bitcoin and other cryptocurrencies without having to give any reason or explanation whatsoever. Once we create a transaction, it is confirmed by a global, decentralized network of computers who all agree on one truth. This is quite a cool thing. In fact, we as cryptocurrencies love it and banks do not offer this.
We actually own our cryptocurrencies
Leaving our wealth in banks in the form of deposits and other investment accounts is quite a risk to take. With crypto, we get to hold and truly own our wealth ourselves without needing to trust any third party.
The banks and proponents of banks will downplay this risk, but it’s quite important to remember what happened to people in Greece and Cyprus in recent years. The banks stole their money to pay for their government’s mismanagement of their economies. People in other countries like Zimbabwe and Venezuela don’t have any protection from this at all, and our friends over there have been quite savvy to join the cryptocurrency movement en masse.
Bitcoin is here to stay. Banks are not.
Bitcoin is not going anywhere. People across the world are all buying more Bitcoin and other cryptocurrencies. Simply put, it’s a better place to keep our money. We get bigger rewards for keeping our money in cryptocurrency, have more freedom to use it, and don’t need to worry about banks lending it out or not allowing us to access it.
The more cryptocurrency we buy in lieu of traditional financial assets and savings/checking accounts, the more banks and other financial institutions will need to borrow from their competitors. If financial institutions don’t adapt to incorporate cryptocurrencies into their services, the banks will surely starve, and eventually die out. Hodl crypto to starve and kill the banks.
Over the past few years, Jamie Dimon (CEO of JP Morgan Chase) has been the most outspoken critic of Bitcoin. Jamie Dimon, also known as “Jamie Demon”, the fraud himself, has gone on record numerous times over the years expressing his distaste for Bitcoin.
Recap of Jamie Dimon’s most infamous Anti-Bitcoin statements:
Jan 2014: “Bitcoin is a terrible store of value”
Nov 2015: “Bitcoin will not survive”
Jan 2016: “Bitcoin is going nowhere”
Sept 2017: “Bitcoin is a fraud”
Oct 2017: “Im not going to talk about bitcoin anymore”
“If you’re stupid enough to buy it, you’ll pay the price one day”
“The only value of a Bitcoin is what they other guy pays for it”
“Governments are going to crush it [Bitcoin] one day”
When given a chance to elaborate, Jamie has also stated that he believes that blockchain technology is a very good technology and it will be used for a lot of things. However, he made it very clear that he has an issue with any non-fiat based digital currency.
In this same interview from October 2017 on CNBC, Jamie goes on to discuss how governments like to track how money is being spent and also like to control their own currencies.
A lot of what he says is entirely off base in regards to whether or not Bitcoin is legitimate, however it is interesting how he does recognize that one of the main, legitimate use cases for Bitcoin is in the case of failing central banking systems. For example in Venezuela or North Korea.
The truth about Jamie Demon and other bank CEO’s
The incumbent banking system, banks that comprise this system, and their corresponding leaders are not prepared for the coming shift in the financial power structure. It’s already changed, and it will continue to change more rapidly in the coming years.
People world-wide now have the ability to be their own banks, and the growth of cryptocurrencies and their corresponding price appreciation is a direct indication of the failure of fiat currency and the monetary policies of central banks, which are all doomed to soon fail.
The 5-year end-game for the banks
Within 5 years, it’s highly likely that there will be no JP Morgan or Chase bank. The blockchain revolution is coming whether the banks like it or not. The bankers can adapt to participate in the crypto movement and benefit immensely financially, but they will no longer have the power to make decisions that affect the world around us.
Banks will no longer crush us under the burden of debt. Wealth will be redistributed to all who participate in the cryptocurrency movement. There will be no more fractional reserve banking system to create wealth for the few at the expense of the many.
The financial “rent-seekers” are nearly out of time as a wide field of financial lending solutions based on cryptocurrency and blockchain technology are hitting the market.
One of the most powerful concepts, which once understood, will help convince people to begin using cryptocurrency is that you can be your own bank.
Using banks: great for them, terrible for us
Take a moment to think about how ridiculous the voluntary arrangement you have with your bank is. You entrust your hard-earned money with your bank by depositing it with them. Thanks to the fractional reserve system (the biggest scam in human history) your bank holds a small fraction of what you deposit and turns around and lends it out to others who need credit for a massive profit in the form of interest, which you get no cut of.
Your bank also imposes limits on what you can deposit and withdraw for your own “safety”, which can be immensely inconvenient depending on your situation. Other negatives include travel limitations for your “safety” and a host of fees including but not limited to monthly maintenance, overdrafts, international payments, ATM, card replacement, early withdrawal, etc.
Bank runs and capital controls
With all these negatives out of the way, I’d like to focus on the biggest risk and most terrifying possibility for any bank account holder – the “bank run”. A lot of the people i’ve personally talked to about the concept of “be your own bank” seem to be under the impression that bank runs are a thing of the past.
Well-developed central banking systems and deposit insurance have no protections against a bank run. In fact, if all the deposits in U.S. banks were simultaneously requested to be withdrawn, it would take an estimated 20+ years for the U.S. just to print all this digital money that doesn’t actually exist as paper currency.
And for those who may be under the impression that bank runs and capital controls are a thing of the past, you need to think no further back than to the latest 3 examples, all within the past 5 years.
It’s important to note that more developed countries like the U.S. are in no way immune to this. The fact of the matter stands that when people want physical cash, banks will have a huge problem and they will be absolutely unable to facilitate even a small portion of these withdrawals.
Why is Bitcoin better?
Reviewing all the negatives about using banks sheds a bright light on the stark contrast between using banks and using bitcoin.
Bitcoin shares none of the negatives of bank accounts and at the same time incentivizes users much better to “deposit” (or hold) bitcoin. Bitcoin provides users with security. Sending and receiving bitcoin is easy and has no limits or extra fees aside from the transaction fees used to compensate miners for securing the network.
Bitcoin’s value is also very attractive in the middle of this low to negative interest rate environment. While interest rates are at historic lows, Bitcoin’s likelihood to continue growing increasing in price over time is much more attractive than interest payments that don’t even match the inflation rate.
Bitcoin is also extremely portable. It’s easy to store on anything from hardware wallets to paper wallets, and even brain wallets. Yes, with the advent of bitcoin we have for the first time in human history the ability to store our wealth in our brains. Simply memorize your private key and hope that you don’t suffer from amnesia down the line (pro-tip: always back up your private key somewhere!).
Power to the people: BYOB (Be Your Own Bank)
Banks are worried about Bitcoin because it’s a serious threat to their current power structure. For a number of reasons, Bitcoin and other cryptocurrencies could make them entirely obsolete. Since Bitcoin has no liabilities or debts associated with it, it’s truly yours when you hold it. This type of asset is known as a “bearer instrument”.
There can never be a run on the “bitcoin bank”. Therefore, the biggest risk (a bank run – which is highly likely to happen again) is entirely absent from bitcoin. This is a huge reason that Bitcoin is superior. This is also why you should seriously consider BYOB’ing with Bitcoin and cryptocurrency. Be Your Own Bank!
Printing your own money is optional
Another major factor in favor of being your own bank with crypto is the ability to “print” (otherwise known as “mine”) your own coins.
Bitcoin and other major cryptocurrencies have a limited supply and pre-defined parameters for issuing the bitcoin currency which is created through mining. Unlike central banks, where a small centralized group of bankers entirely controls the issuance of the currency, the bitcoin code was written to continue issuing the precious cryptocurrency to miners until 2140.
Although Bitcoin mining is very competitive at this point and requires serious start-up costs, expensive mining equipment, and high energy expenditures, there are many other options for “money printing” in the cryptocurrency world. A couple of these options include GPU mining and holding PoS coins in wallets.
Summing up the benefits of Bitcoin over banks
Bitcoin has all the benefits of banking and more without the risk of capital controls. This is the main reason Bitcoin has grown so much in recent years, and continues siphoning value out of national currencies. All this is being done with Bitcoin’s main use case as a store of value and speculative investment vehicle. It has yet to reach any level of mass adoption to be excited about.
If you ask me, it’s a no-brainer to use Bitcoin and other cryptocurrencies over traditional banks. Either A) you hold your wealth in an institution that might never allow you to withdraw it when you need it the most and lose value in the form of inflation, or B) you hold your wealth in cryptocurrencies and benefit from better incentives and almost certainly increase the value of your holdings in comparison with fiat currency.