THE ESSENCE OF ENTREPRENEURSHIP

THE ESSENCE OF ENTREPRENEURSHIP

 

 

The entrepreneurial spirit is a gift that inspires others to become the best they can be. Entrepreneurship is the act of starting a business, and it requires creativity, drive, and the ability to solve problems. 

An entrepreneur takes a risk and works hard to make money. There are many types of entrepreneurs. Some start businesses from scratch, and others buy already-established companies. Some entrepreneurs work alone, while others need employees to help them run their businesses. 

The word “entrepreneur” comes from the French word “entreprendre,” which means to start or undertake a business venture. Although it can be a lot of work, entrepreneurship is rewarding and very fulfilling. The essence of entrepreneurship is having a dream and a vision for changing the world, being willing to take risks, and sometimes being misunderstood. 

Also, be willing to put in the work, put in more than those around you, and be ready to be the one who is not afraid of the darkness but rather the one who steps into it first. Entrepreneurship is more than just having a great idea and starting a business; it’s about changing lives and improving our world.

 

 

From passion and positivity to leadership and ambition, here are the entrepreneurs that best define the entrepreneurial spirit.

Armour Of Entrepreneur – Main Features

Passion

No one embodies the word "passion" quite like Richard Branson, founder of the Virgin mega-brand. Part of Branson's passion lies in his insatiable appetite for starting companies. Founded in 1970, the Virgin Group has expanded to more than 200 companies, ranging from music, publishing, mobile phones, and even space travel. "Businesses are like buses," he once said. "There's always another one coming."

Positivity

Jeff Bezos knows the power of positive thinking. Living by the motto that "every challenge is an opportunity," Bezos set out to create the biggest bookstore in the world with a little internet startup called Amazon.

Adaptability

Having the ability to adapt is one of the greatest strengths an entrepreneur can have. Every successful business owner must be willing to improve, refine and customize their services to continually give customers what they want.

Leadership

A good leader is someone with charisma, a sense of ethics, and a desire to build integrity within an organization–someone who's enthusiastic, team-oriented, and a great teacher. All of these attributes were embodied by the late Mary Kay Ash, founder of Mary Kay Cosmetics, a company that has helped more than half a million women fulfill their dreams of owning a business.

Ambition

At age 20, Debbi Fields didn't have much. She was a young housewife with no business experience, but what she did have was a great chocolate chip cookie recipe and a dream to share it with the world. 

Fields opened her first Mrs. Field's store1977, despite being told she was crazy to believe a business could survive solely on selling cookies. Fields' headstrong determination and ambition helped her grow her little cookie store into a $450 million company with more than 600 locations in the U.S. and 10 foreign nations.

 

Once More – The Main FIVE

– Passion, Positivity, Adaptability, Leadership, Ambition

Most of it you cannot learn from books. It is in your character, in your experience, and in your life journey. 

You hear it all the time from famous entrepreneurs: Long before they were running multimillion-dollar companies, they were flexing their entrepreneurial skills by selling lemonade on the corner, building gadgets in their garage, or hosting weekly college beer pong tournaments. It seems that behind every successful mogul is a kid who grew up knowing they were born for business.

 

If you notice where those who represent some of the most successful entrepreneurs come from, much of the world is missing out. In many countries, private business was interrupted by political developments – it was sometimes very limited, often totally prohibited. In some parts of the world, it was not possible for teenagers to sell products house-to-house or set up their first small business in a garage.

Those who spent their youth in countries with limited opportunities now have to catch up with many. Sometimes it's like jumping on a moving train and not knowing where the train is going. And that's why people from these countries, without business tradition or continuity, need something extra. A good dose of :

 

  • Courage 
  • Enthusiasm
  • Self-confidence
  • Persistence
  • Support of their loved ones

While they often lack the money for investment to have a good start, if they have true entrepreneurial courage in their hearts and can mobilize their energy, then with a little luck, they have a chance of success. 

 

 

 

Tim Moseley

9 Mistakes You Should Avoid Making With Your iPhone at All Costs

9 Mistakes You Should Avoid Making With Your iPhone at All Costs

by The Useful Tech, contributor, Medium Daily Digest

 

Increase the longevity of your iPhone by not doing these things

Increase the longevity of your iPhone by not doing these things

Photo by Onur Binay on Unsplash

 

Apple’s iPhone is unarguably one of the best smartphones in the market today. The phone is excellent at many things out of the box, like having an incredible camera, extraordinary battery life, fantastic performance, and more.

However, your iPhone could significantly get less impressive with time if you are not using it the right way and making a lot of mistakes with it.

So, in this post, we will discuss some of the common mistakes people make with their iPhones and why you should avoid making them.

 

1) Charging it overnight or charging till 100%

One of the most common mistakes most iPhone users make, especially during the initial few months of buying the device, is always charging it to 100% or leaving it on charge overnight, even after the phone is fully charged.

Unfortunately, some people also go to the other extreme and only ever charge their phone if it has dropped to 0%.

While neither of these things will have an immediate adverse effect on your iPhone’s battery, you might start to see the impact on your battery life and capacity over time.

To avoid this, either use a wireless charger to charge your iPhone overnight or a smart plug that is automatically scheduled to turn off at a particular time during the night.

 

Photo by Pontus Wellgraf on Unsplash

 

Many experts also recommend that following the 20–80 charge cycle is a great way to ensure your iPhone battery’s lifespan is considerably increased.

This means that you should try to charge your iPhone when it falls below 20% and only tries to charge it to 80% instead of all the way. Of course, this is not possible in all the scenarios, but when you have a charging point within your reach, it would be best to follow this method.

If you find it hard to follow this charging method manually, then you can create an automation from the Shortcuts app on your iPhone to notify you when your phone’s battery drops below or goes above a certain level.

 

2) Closing apps from the app switcher

Many iPhone users think that closing the apps in the app switcher throughout the day helps to improve the performance and the battery life of your iPhone. Well, the reality couldn’t be further from the truth.

The primary intention of the app switcher is to help you conveniently and quickly switch between recently used apps instead of having to open them from the home screen every time.

 

Source: Author's Screenshot

 

Closing them frequently and then opening them again will make your iPhone work harder than it has to and negatively impact the battery life.

So, as long as an app is not responding or working correctly, there is no reason to close the app from the app switcher. iOS is already intelligent enough to automatically suspend the apps you haven’t used in a while to ensure that the recently opened apps have enough memory to function without any issues.

 

3) Having an untidy charging port

Unless your primary way of charging your iPhone is by using a wireless charger, it is essential to ensure that your iPhone’s lightning port is clean and free of any dust particles or debris.

An unclean charging port might either affect the charging speeds of your iPhone or, worse, might completely prevent it from charging.

Even if you use your iPhone with a protective case and handle it with extreme care, it is inevitably bound to collect dust particles over the years.

 

Photo by Andreas Haslinger on Unsplash

 

Therefore, it is highly recommended that you occasionally check and clean the charging port to ensure the longevity of your iPhone.

The most recommended method for cleaning the charging port on your iPhone is by using a toothpick.

Use the sharp end of the toothpick to gently scrub out any dust or debris from the charging port and make sure to not apply too much force as it might potentially damage the internals of your iPhone, even though it is pretty unlikely that it would cause any serious issues.

 

4) Not restarting it often

Many tech consultants and experts recommend most smartphone users at least restart their device once every week.

But, unfortunately, some users probably won’t even remember when was the last time their iPhone was not turned on and would only ever restart it if it runs out of battery and dies.

 

Source: Author’s Screenshot

 

Restarting your iPhone regularly has many benefits, like clearing open apps from the RAM, fixing any memory leak issues, and stopping any processes or apps that might have been affecting your iPhone’s battery life.

 

 

5) Ignoring software, security, or app updates for too long

I can’t even believe that I include this in this list. Still, sadly, a significant number of iPhone users tend to ignore important system or security updates or even app updates longer than they should.

I have personally seen some of my colleagues and friends who just pretend that the system update notification ticker doesn’t exist in the Settings app on their iPhone, either because they can’t be bothered to do the update or they simply don’t have the time.

Ignoring critical software and security updates might not seem like a bad thing or something that affects you in any way.

 

Photo by Szabo Viktor on Unsplash

 

But if you don’t install updates even after they have been publicly available for a long time, you are potentially opening up your iPhone to any malicious attacks and threats targeted towards iPhones with older software or app versions that are still vulnerable to these attacks.

So, try to spend a few minutes downloading and installing the update every time you get a notification that new software or a security update is available for your iPhone.

Also, make sure to regularly check the App Store to find if any latest updates are available for the apps on your iPhone and install them as well.

 

6) Installing unverified apps

The App Store on your iPhone has millions of apps and games, adding new ones every day.

Unfortunately, despite Apple’s stringent guidelines and careful analysis, some malicious apps make their way into the App Store every now and then.

So, it falls upon the user to ensure that whatever app they install on their iPhone is genuine and harmless.

One way to ensure this is by checking the reviews and the ratings for the app and making sure the app is really what it claims to be.

 

Photo by CardMapr on Unsplash

 

However, reviews could also be misleading sometimes, so a few other ways to verify the authenticity of an app before installing it on your iPhone are checking the permissions requested by the app, checking when the app was last updated, looking for the number of downloads and so on.

Ideally, you could consider avoiding installing any app you are not entirely sure is genuine or does not meet the above requirements.

 

7) Not properly configuring the Find my feature

Find my is one of the most valuable features on your iPhone and is also the one that you hope you never have to use.

However, most users don’t realize the importance of properly configuring the Find my feature on their iPhones until it is too late.

To make sure all the settings for the Find my feature on your iPhone are set up correctly, open the Settings app, click on your name at the top, open Find My and then make sure all three options in the Find My iPhone section are enabled including the send last location option.

 

Source: Author’s Screenshot

 

Also, enable the Share my location option on the main page as well. With iOS 15, Apple also added the option to find your iPhone even when it is turned off, so not having the Find My feature correctly configured would be one of the biggest mistakes you could make regarding your iPhone.

 

8) Not taking regular backups

Many of us have some of our most valuable data stored on our phones, including anything from important messages, photos, and videos to work or personal notes, documents, etc.

Unfortunately, this makes our phones a single point of failure, and if anything were to happen to them, it would be a critical loss for many of us.

Luckily, cloud backups and local backups are a thing, and you must regularly back up whatever you think is important on your iPhone, at least once every month.

Since you have an iPhone, most of your data like messages, photos, videos, and documents could be easily backed up to iCloud.

 

Source: Author’s Screenshot

 

Just go to the Settings app, click on your name at the top, open iCloud settings and make sure you have enough free space to backup all your essential data.

However, since Apple only provides 5GB of free iCloud storage, which is next to nothing, you might have to purchase additional storage according to your needs.

If you want to keep a local backup of all the data on your iPhone, you can connect your iPhone to your Mac or Windows PC using the lighting cable and then use iTunes or any other smartphone backup software to take a complete backup of your iPhone, at least once every month.

 

9) Not uninstalling unused apps or games

Even I was guilty of making this mistake until recently when I discovered the offload unused apps option in the App Store settings on my iPhone.

Most of us randomly download and install many apps and games on our iPhones which we maybe use once or twice, and then forget that they even exist.

 

Source: Author’s Screenshot

 

While a lot of these apps do not consume a significant amount of your storage, you should still seriously consider uninstalling any apps you are not using because apart from occupying space on your iPhone, some of these apps can also silently track your location or activity in the background and send it to anonymous servers or simply might just affect your iPhone’s battery life.

If you find it hard to keep track and uninstall any apps or games you haven’t used in a while, simply enable the Offload Unused Apps option in the App Store settings page on your iPhone. Your iPhone will automatically do this for you.

 


New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives through the democratization of power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com for example will be releasing its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

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Markethive

Tim Moseley

Gold silver near steady amid conflicting daily inputs

Gold, silver near steady amid conflicting daily inputs

Gold and silver prices are not trading too far from unchanged in midday action Thursday. Bearish for the metals is a stabilization of the U.S. stock indexes this week, after hitting 12-month lows last week. Rising bond yields at midday are also a negative for the metals. However, sharply higher crude oil prices and a weaker U.S. dollar index are working in favor of the metals market bulls on this day. June gold futures were last down $1.50 at $1,844.80.July Comex silver futures were last up $0.065 at $21.93 an ounce.

The metals showed no significant or lasting reaction to a weaker-than-expected revision to U.S. first-quarter GPD today, which came in down 1.5%, year-on-year.

Gold price still on pace to push above $2,000 as stagflation, recession risks rise – In Gold We Trust

The key outside markets today see Nymex crude oil futures prices sharply higher and trading around $114.50 a barrel. Meantime, the U.S. dollar index is weaker in early trading and is well down from the May 20-year high. The yield on the 10-year U.S. Treasury note is fetching 2.781%.

Technically, June gold futures see a 2.5-month-old price downtrend in place on the daily bar chart. Bears have the firm overall near-term technical advantage. Bulls' next upside price objective is to produce a close above solid resistance at $1,900.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the May low of $1,785.00. First resistance is seen at today’s high of $1,852.80 and then at this week’s high of $1,869.10. First support is seen at today’s low of $1,836.30 and then at $1,830.00. Wyckoff's Market Rating: 3.0

July silver futures also see a 2.5-month-old price downtrend in place on the daily bar chart. The silver bears have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00 an ounce. The next downside price objective for the bears is closing prices below solid support at the May low of $20.42. First resistance is seen at this week’s high of $22.215 and then at $22.50. Next support is seen at this week’s low of $21.645 and then at $21.50. Wyckoff's Market Rating: 2.5.

July N.Y. copper closed up 35 points at 425.80 cents today. Prices closed nearer the session high today. The copper bears have the firm overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 445.00 cents. The next downside price objective for the bears is closing prices below solid technical support at the May low of 403.70 cents. First resistance is seen at 430.00 cents and then at this week’s high of 435.50 cents. First support is seen at today’s low of 420.35 cents and then at 415.00 cents. Wyckoff's Market Rating: 2.5.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

What Impact Will Web3 Have on the Digital Marketing Industry?

What Impact Will Web3 Have on the Digital Marketing Industry?

by Diana Ambolis 

web3

ecosystem for entrepreneurs

Web3 has recently become a buzzword. It’s dubbed “the new internet” by fans. It has the same ring to it as the start-up Pied Piper from HBO’s hit show “Silicon Valley.” As a result, Web3 is the internet’s decentralized version. Not only can we read and write, but we can also control our interactions across the networks we utilize on a daily basis. According to this perspective, the internet’s future looks substantially different from what it is now. Web3 is about putting properties on the internet that are identical to those in our real world.

What is Web3

What led to the creation of Web3?

During the 2008 financial crisis, governments utilized public funds to bail out financial firms. To ‘play’ the market, these need a lot of leverage. Satoshi Nakamoto, an unidentified individual (or group), stepped forward. As a result, the Bitcoin blockchain was implemented. Thanks to the blockchain, banks and other central intermediaries are no longer required. It enabled participants from all around the world to send money in a safe and secure manner.

As a result, Web3 was born from Bitcoin money on the blockchain as we know it today. Consider decentralized finance and smart contractsNon-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) are two examples (DAOs). When Facebook switched to Meta, it emphasized the connection between hardware (in Web3’s instance, AR and VR devices, as opposed to routers and modems in Web2). As a result, Web3 is a catch-all name for the latest data-driven digital technologies. This incorporates artificial intelligence and blockchain.

What is the definition of digital marketing?

Simply said, marketing is the process of identifying a person who is interested in the thing you are selling. Let’s use chocolates as an example. It seems as if the entire world is a customer of chocolates (except diabetic people). However, a closer examination reveals that there are different chocolates for different occasions.

In today’s world, digital marketing entails determining how individuals spend the majority of their time online. As a result, digital marketing entails locating people who are interested in your goods via the internet. The second step is to figure out who you think will be most interested in your product or service. For example, you want to discover folks who play football at least once a week for your protein product. It makes sense to target them by blogging about it or using social media to do so.

Also, read  – How NFTs are Reinventing the Digital World

ecosystem for entrepreneurs

What impact does Web3 have on digital marketing?

Web3 is expected to be smarter and more sophisticated than earlier internet eras. We can expect marketing to change as newer, more immersive technologies become available. The most prevalent method of locating audiences and clients is through digital marketing. This is due to the widespread use of platforms that combine users and content.

Consumer Brands will be able to experience an immersive environment thanks to the Metaverse.
Consider yourself to be in a parallel universe. However, you have the impression that you can travel around the world. What should we do when the Metaverse allows us to transcend the confines of space? Brands will be spoiled for choice when it comes to doing something unique. They want people to use their product, so they’re trying to entice them. This is done in a pleasant, engaging manner that is tailored to them.

What Digital Marketing Skills Do You Need for Web 3.0

Tokens Have Emerged as the Next Big Thing in Marketing

A digital marketer’s job is to get people to engage with them. They have the impression that a close friend or family member is speaking to them. Tokens will replace loyalty points as the future digital marketing medium. Tokens can be used to engage, buy, sell, and actively define the brand’s community’s future.

NFTs will transform the marketing landscape.

Blockchains can communicate with one another. Digital marketing NFTs will change the way we think about marketing. For the first time, marketers can create NFTs of their products and establish a direct connection with their customer base. Businesses can utilize digital marketing to create genuine communities.

Conclusion

The term “Web3” refers to all of the technologies that will shape our future. As we speak, the way we live, earn, and socialize is changing dramatically. It feels like we’re back at the dawn of the internet era. The greatest way is to have an open metaverse where anyone can enter and exit whenever they choose. This is where everyone can locate initiatives and communities that they care about.

markethive

Tim Moseley

Gold silver sell off amid rebound in USDX uptick in bond yields

Gold, silver sell off amid rebound in USDX, uptick in bond yields

Gold and silver prices are lower in midday U.S. trading Wednesday, with gold suffering solid losses. Corrective pullbacks from recent good price gains are featured at mid-week. A rebound in the U.S. dollar index and rising U.S. Treasury yields are negatives for the precious metals on this day. June gold futures were last down $22.30 at $1,843.10. July Comex silver futures were last down $0.228 at $21.84 an ounce.

Traders were awaiting the U.S. data point of the week: this afternoon’s release of the minutes from the last meeting of the Federal Reserve’s Open Market Committee (FOMC). The marketplace will be looking for further guidance on the timing and pace of the Fed’s monetary policy tightening cycle, and on inflation prospects. Trading could become more active in the immediate aftermath of the 2:00 p.m. EDT release of the FOMC minutes.

Global stock markets were mixed overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

The coming recession will be mild; the U.S. economy could boom if Republicans win elections – Mark Skousen

The key outside markets today see Nymex crude oil futures prices slightly higher and trading around $110.00 a barrel. Meantime, the U.S. dollar index is higher on a corrective bounce from recent strong selling pressure. The yield on the 10-year U.S. Treasury note is fetching 2.75%.

Technically, June gold futures saw a corrective pullback after recent good gains. A 2.5-month-old price downtrend is in place on the daily bar chart. Bears have the firm overall near-term technical advantage. Bulls' next upside price objective is to produce a close above solid resistance at $1,900.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the May low of $1,785.00. First resistance is seen at $1,850.00 and then at this week’s high of $1,869.10. First support is seen at today’s low of $1,838.70 and then at $1,830.00. Wyckoff's Market Rating: 3.0

July silver futures see a 2.5-month-old price downtrend in place on the daily bar chart. The silver bears have the firm overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00 an ounce. The next downside price objective for the bears is closing prices below solid support at the May low of $20.42. First resistance is seen at $22.00 and then at this week’s high of $22.215. Next support is seen at this week’s low of $21.645 and then at $21.50. Wyckoff's Market Rating: 2.5.

July N.Y. copper closed down 600 points at 424.60 cents today. Prices closed nearer the session low today. The copper bears have the firm overall near-term technical advantage. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 445.00 cents. The next downside price objective for the bears is closing prices below solid technical support at the May low of 403.70 cents. First resistance is seen at 430.00 cents and then at this week’s high of 435.50 cents. First support is seen at today’s low of 422.30 cents and then at 420.00 cents. Wyckoff's Market Rating: 2.5.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley

Project Blue Beam According To Serge Monast

Project Blue Beam According To Serge Monast 

Possibly one of the last series of events before the globalists' takeover?

Over the decades, many scenarios have been projected as conspiracy theories and dismissed by the majority. That being the case, it begs the question of why mainstream media won’t discuss it, and social media giants delete the content and ban the user? What do they want to hide? 

Many of us are waking up and seeing that these conspiracy theories are, in fact, now being realized. The concept of a new world order is no longer a conspiracy theory, and we are already experiencing how it’s being rolled out. Nor are the horrific stories of adverse events and death worldwide due to the vaccination said to be the solution to the latest pandemic. 

Equally, the authorities' restrictions, mandates, and control over the population being dished out keep people in fear and oppression so they may become compliant with their orders. All of this is part of the transition to new world order and one-world government, and they haven’t been that secretive about it either.

We can find the clues in the Georgia Guidestones constructed back in 1980, and there have been many publications since, but falling on deaf ears for the most part or were dismissed entirely. Who would dare to think our government leaders would betray the human race with such psychological terror? It’s just not plausible. Is it? 

But the fact is that government agencies and corporations that work with the global elites toward New World Order are prepared to promote anything that will help them achieve their objective of total social control and make way for the great reset. These unelected globalists who believe they are superior beings think they have the answer to everything.  

I came across an article published in 2015 portraying a strategy for further mind control. Given what we have experienced and know now, it’s probably one of the final straws the new world order needs for complete infiltration worldwide. It’s called Project Blue Beam. 

One reason for NASA’s Project Blue Beam was developed and brought to light by Serge Monast in 1994. Monast was a journalist, poet, and essayist who believed generating a global New Age religion was the only thing that would make a worldwide dictatorship possible and, of course, debunked as a grand conspiracy theory.

However, in 2015, a strange occurrence was recorded on film showing dark skyscrapers floating in the clouds above China, perplexing the world. While scientists quickly denied the event was a mirage, not everyone agreed. Monast’s conspiracy theory started to gain serious momentum in the days that followed—the idea that the sighting was caused by a secret NASA mission known as Project Blue Beam. 


Source: CNN

Based on Monast’s theory, NASA and the United Nations plan to establish a new world order by using technologically enhanced mind control to create a global new age religion. He said that Project Blue Beam would be implemented in four phases.

 
Phase 1: The Collapse of All Archaeological Knowledge

According to Serge Monast, NASA will use earthquakes to destroy all existing archaeological information to discredit all existing religions. He believes that earthquakes will occur at specific locations on the planet during step one to disprove the interpretations of significant religious beliefs. Supposedly new discoveries will suddenly explain the wrong meaning of all major religions.

Serge suggests that by providing evidence to falsify the teachings of all major religions, people will be more likely to accept the new age religion when it is established. It is expected that this form of evidence-based religion will make the transition from current beliefs easier. According to the theory, most people will abandon religion as it is inaccurate, thus allowing the new age religion to be established as the only true religion.

Phase 2: A Monumental Space Show with 3D Holographic Laser Projections

The second stage in creating a new world order will be to utilize a vast space display with 3D holographic laser and audio projections to seduce people into accepting the “new god.” A laser projection of holographic images will be used to convey to various parts of the world, each with its own message corresponding to the predominant regional or national religious belief. 

He said that followers of various religions would see their own returned Messiah in convincing lifelike reality from the depths of space. Stunned followers will witness their messiah returning to them and appear in a true-to-life fashion due to this graphic illusion. All of these messiah images will then merge into one. 

Monast states,

“This one god will, in fact, be the anti-Christ who will explain the various scriptures have been misunderstood, that the religions of all are responsible for turning brother against brother, nation against nation; therefore, the world’s religions must be abolished to make way for the Golden Age.”

 

Phase 3: Telepathic Two-way Communication using ELF Waves

According to Monast’s theory, NASA plans to use low-frequency radio waves to telepathically communicate with humans in an effort to shape their beliefs to match those of the new age religion. Telepathic communication will be used as a form of mind control to trick people into thinking their God is communicating with them directly. 

He says a device will be used to deliver audible signals directly to an individual and undetectable to anyone else. This device can broadcast voices straight into the brain using a microwave beam at audio frequencies, and it can be used from space by satellite to reach anybody on the planet. 

Such waves from a satellite are fed from the memory of computers which store a lot of data about human beings and languages. This is basically mind control, and it is a reality at a time when artificial intelligence and voice recognition software is more advanced. The device will be programmed with specific affirmations or beliefs to shape the thinking of those who are exposed to it.

Phase 4: Universal supernatural manifestations 

The last step of Project Blue Beam is to create a chaotic event that will convince people to accept the new world order and could occur with up to three distinct orientations.

According to Mr. Monast, one of the ways is to lead people to believe that an alien invasion is imminent and will strike every major city on earth. The goal is to push each major nation to use its nuclear to strike back. This way, it would put each of these nations in a state of complete disarmament in front of the United Nations after the false attack. 
  
The second is to make the Christians believe in a major rapture with the supposedly divine intervention of an alleged good alien force coming to save the people from a brutal satanic attack.  Its goal is to eliminate all significant opposition to the new world order and usher in a new era of global governance and a one-world religion. 

Thirdly, a mixture of electronic and supernatural forces will play a prominent role in the fourth step. This phase will attempt to create global satanic ghosts in order to push all populations around the world into a suicide wave, resulting in mass suicide, murder, and permanent psychological disorders. 

As stated in the transcript of a taped presentation by Serge Monast in 1994,

“The waves used at that time will allow supernatural forces to travel through optical fiber, coaxial cable… the one used for cable TV, electric and phone lines in order to penetrate everywhere on electronic equipment, appliances will be already installed with microchips. The goal of this one deals with global Satanic  ghosts – spector – all around the world in order to push all population on the edge to drown into a wave of suicide, killing and permanent psychological disorders.”

 

Do The 4 Phases Have Any Credibility? 

Are there any indications that the theory is true? Even though this subject is highly contentious, there are some solid beliefs against the conspiracy theory. Are these things just a coincidence, or do they provide evidence for the four phases? The most considerable supporting evidence for step one occurred in 2012 when 39 earthquakes struck the Earth in just two days. 

After the incident, leading seismologist Gheorghe Marmureanu was puzzled. He said, 

“There is no doubt that something is seriously wrong. There have been too many strong earthquakes. The quakes are a surprise that cannot be easily explained by current scientific knowledge.” 

 

The archaeological findings of what some believe to be Jesus Christ's tomb and skeleton remains also give credence to step one.

Step two seems to have the most evidence, with many reports of holograms appearing in the sky. Apart from the city appearing in the clouds over China, there have been numerous videos of unexplained sightings, one being a Jesus crucifix.

Regarding step three, there has been an entire US federal department working to allow communication without the use of vocalized speech through neural signal analysis. This has already been proven by telepathically controlling monkey limbs. 

There is no substantial evidence for step four, although there have been several cases where paranormal investigators have used electronic voice phenomenon recording devices to discover ghosts. 

 


Source: Bitchute

 

Monast’s Research Into Vaccines

In 1993, Serge Monast talked about the dossier he intended to start writing the following week concerning vaccines, experimental military medicine, and liquid crystals. It was prompted by the different developments in military research produced by the CIA in the United States in terms of vaccines.

He explains this in the video below,

“It is possible to administer a vaccine inside of which there does not appear to be anything apparently and which is not offensive to health in any way. But on the other hand, the same vaccine, because of its ill-defined content, put in relation a year or two years later with another vaccine, which too seems harmless at first sight, but the two combined together will produce implausible problems.

And I recently knew that it was possible, without this being necessarily detected at the level of scientific analysis, that it was possible to cut in half a liquid crystal, to put part of it in a vaccine, and a year or two years later, the second part is found in another vaccine. The combination of the two, with the information I have at the liquid crystal level, allows the control of individuals, via satellite in order to arrive, at some point, at absolute political control over populations.”

The full 54-minute version of this video. "Special Serge Monast" – by Christian Martineau, where Serge Monast talks about the vaccination and concentration camp file, is unfortunately but not surprisingly removed from YouTube due to violating community guidelines. 

Two years later, in 1995, Pierre Gilbert also talked about liquid crystals in vaccines,

“In the biological destruction, there are the organized tempests on the magnetic fields. What will follow is the contamination of the bloodstreams of mankind, creating intentional infections. This will be enforced via laws that will make vaccination mandatory. And these vaccines will make it possible to control people.

The vaccines will have liquid crystals that will become hosted in the brain cells, which will become micro receivers of electromagnetic fields where waves of very, very low frequencies will be sent. And through these low-frequency waves, people will be unable to think; you’ll be turned into a zombie. Don’t think of this as a hypothesis… this has been done.” – Pierre Gilbert (1995)

 

Monast’s Demise

Law enforcement officials and authorities began to hunt for Serge Monast in 1995 and 1996 for having links to 'networks of forbidden information.' His two children, who he homeschooled, were taken away and declared wards of the state in September 1996 so that they could receive a public education.

On December 13, 1996, the day after his arrest, where he spent a night in jail, he died of a heart attack in his home at the age of 51. His followers believe that he was murdered with 'psychotronic weapons' to prevent him from continuing his research.

 


Source: Sweetliberty.org

Beware Of False Prophets

We are all very mindful to beware of false prophets and all of this information resurfacing at this uncertain and terrifying time for many is very poignant. We need to all stay vigilant and not be misled or conned into anything. What could manifest out of these evil meticulous plots is definitely full of false prophets. 

I’ve seen enough not to take anything for granted over the last three years or dismiss anything as ridiculous. Anything is possible and even probable, given today’s technology combined with the evil and greed in the world.

With all that is happening, I consider the plans laid out here to be vital in hijacking the masses into worshipping the antichrist without even realizing it. Stay true and pure of heart and close to God the Father’s Word, and false signs and wonders will not deceive you. Know that Jesus (Yeshua) is with you always.  

 

 

References: EducateYourself.org

 

Also published @ BeforeIt’sNews.com: https://beforeitsnews.com/conspiracy-theories/2022/05/project-blue-beam-according-to-serge-monast-2519467.html

 

Tim Moseley

The Human Body as a Touchpad

The Human Body As A Touchpad

 

The next step to connect man and machine has been taken. 

 

The" decoration of the skin," which conceals elements of technology, is not unimaginable today. Having introduced tattooing as a sophisticated health monitoring device a few years ago, it is logical that researchers intend to continue to tinker with the technique even further.

Wearable technology is probably the most likely "music of the future." From smart bracelets and watches, humanity is slowly moving towards chips under the skin and interactive tattoos. Scientists intend to go even further and would like to turn the human body into a touchpad.

Google invested considerable sums in the development of wearable technology. This time, it is a completely unique tattoo that can practically "turn" a person's whole body into a kind of a giant touchpad.

Generally, smart tattoos are technically called epidermal electronic systems. They can be anything from personalized circuits to microprocessors or adhesives and conductors that a person can, for lack of a better word, glue onto their skin.

 

Image source: The Verge

SkinMarks Temporary Tattoo

The whole project is called SkinMarks, and its goal is to ensure that human interaction with all sorts of technological "gadgets" is as natural and smooth as possible. According to the engineers, it should be possible to apply SkinMarks directly to the fingers of the hand or even to another part of the body. 

 

The subsequent use of wearable technology would be quite simple; it would be enough just to move a finger, clench a fist, or define other gestures that would become easy to learn for the user relatively quickly. Imagine if you could control your phone without having to pick it up. And much more….

Thanks to the greatly reduced thickness of the tattoo and increased extensibility, the SkinMark is thin and flexible enough to adapt to irregular geometry such as bending lines and protruding bones. 

SkinMarks will be produced with the help of screen printing technology and conductive ink. Everything will be transferred to tattoo paper and then to the skin after heat treatment to avoid possible deformation.

https://www.youtube.com/embed/vJF3dzMavhU

For the time being, the developers themselves do not know when and whether mass production will be started at all or if it will be just a prototype, but the idea is interesting. 

The new technology could really make life easier in the future. But already now, there are opponents of this novelty.

Critics accuse Google of being just another way to get the most detailed data from people and to use it for personalized ads. There is no easier way to collect data than to have sensors tattooed directly onto human skin. An interesting fact is that targeted advertising annually brings Google more than $160 billion.

The main challenge is that putting anything on the body means that it has to be bio-compatible. That rules out many materials that people are allergic to and anything that could cause irritation over a long period of time.

On the other hand, it seems easy – the sensors can be triggered by traditional touch or swipe gestures as we perform on smartphones, and you can do it even without looking. You could squeeze the area around the tattoo or bend your fingers or limbs to activate the sensors. 

 

The future will show if this wearable technology will become popular.

 

 

Source: https://epochalnisvet.cz/lidske-telo-jako-touchpad/

 

Tim Moseley

Gold silver rally as stock markets bond yields drop

Gold, silver rally as stock markets, bond yields drop

JGold and silver prices are solidly up in midday U.S. trading Tuesday, boosted by another sell off in the U.S. stock indexes, falling U.S. Treasury yields and by the recent sharp losses in the U.S. dollar index that hit another four-week low today. Risk aversion is keener in the general marketplace early this week, and that’s inviting safe-haven demand for the precious metals. June gold futures were last up $19.10 at $1,866.90. July Comex silver futures were last up $0.392 at $22.12 an ounce.

Global stock markets were mostly lower overnight. U.S. stock indexes are lower at midday and are in or near bear market territory, defined as 20% or more below their recent highs. Geopolitical and inflation worries are keeping equities market bulls squeamish. Fears of U.S. economic recession are rising after some downbeat U.S. economic data released today.

Hedge funds continue to sell gold but sentiment is shifting

Later today, Fed Chairman Jerome Powell will deliver remarks at an economic summit in Las Vegas.

The other key outside market today sees Nymex crude oil futures prices weaker and trading around $109.50 a barrel. Meantime, the yield on the 10-year U.S. Treasury note is fetching 2.749%.

Technically, June gold futures prices hit a two-week high again today. A 2.5-month-old price downtrend is still in place on the daily bar chart. However, more price gains this week could negate the downtrend. Bears have the overall near-term technical advantage. However, bulls have momentum on their side. Bulls' next upside price objective is to produce a close above solid resistance at $1,900.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the May low of $1,785.00. First resistance is seen at $1,875.00 and then at $1,883.00. First support is seen at $1,850.00 and then at this week’s low of $1,843.30. Wyckoff's Market Rating: 4.0.

July silver futures see a price downtrend still in place on the daily bar chart. However, more price gains this week could negate the downtrend. The silver bears have the overall near-term technical advantage. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00 an ounce. The next downside price objective for the bears is closing prices below solid support at the May low of $20.42. First resistance is seen at today’s high of $22.215 and then at $22.50. Next support is seen at today’s low of $21.645 and then at $21.50. Wyckoff's Market Rating: 3.0.

July N.Y. copper closed down 345 points at 431.05 cents today. Prices closed nearer the session high today. The copper bears have the overall near-term technical advantage. However, more gains this week could negate a price downtrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 450.00 cents. The next downside price objective for the bears is closing prices below solid technical support at the May low of 403.70 cents. First resistance is seen at this week’s high of 435.50 cents and then at 440.00 cents. First support is seen at today’s low of 425.65 cents and then at 422.50 cents. Wyckoff's Market Rating: 3.0.

By Jim Wyckoff

For Kitco News

Time to buy Gold and Silver on the dips

 

 

Tim Moseley

Bitcoin’s Difficult’ Past: Exponential Network Growth Powered By Perfect Competition

Bitcoin’s ‘Difficult’ Past: Exponential Network Growth Powered By Perfect Competition

by Hass Mccook 

 

Reviewing the difficulty changes in Bitcoin’s history demonstrates that the practice of mining is near-perfectly competitive and is becoming increasingly so.

As of the date of this writing, block 737,000, Bitcoin is almost two-thirds into its 366th difficulty epoch. A difficulty epoch is a period in which 2,016 blocks are added to Bitcoin’s ledger, ideally in 20,160 minutes, or 14 days. If the epoch ends in less time, the network adjusts the difficulty of successfully mining a Bitcoin block upwards to regain a 10-minute block cadence, and vice versa. The entire history of Bitcoin’s difficulty is shown in the graphic below (you may need to zoom in — it’s quite a huge graphic).Figure one: Historical Difficulty Changes Since Inception

Figure one: Historical Difficulty Changes Since Inception

In total, 15 epochs, around 4% of all epochs, experienced no difficulty change. These just so happened to be the very first 15 epochs where basically just Satoshi Nakamoto, Hal Finney and a few dozen other people were mining. Of the remaining 351 epochs, 283 (77.5% of all epochs) would see a difficulty increase, with 67 epochs seeing a difficulty decrease. We will delve into these periods of decrease later in this piece.

Toward the end of 2009, Nakamoto made a plea to the greedy, opportunistic Bitcoiner community to not mine with their GPUs. And I quote, “We should have a gentleman's agreement to postpone the GPU arms race as long as we can for the good of the network. It's much easer [sic] to get new users up to speed if they don't have to worry about GPU drivers and compatibility. It's nice how anyone with just a CPU can compete fairly equally right now.”

Bitcoiners being the greedy opportunists that they are (this, by the way, is great for Bitcoin, as it drives all innovation) broke this gentleman’s agreement, and the GPU mining era would commence, and eventually, so too the ASIC mining era, but more on that later.

Figure two: Difficulty Vs. Price, Log-Log Scale, 2009. Here we see that Bitcoin doesn’t even have a market price, and difficulty is stable for the entire year, save for one large jump at the commencement of the GPU mining era at year’s end.

In 2009, the average difficulty increase was 0.966%, with a standard deviation of 3.865%. Obviously, since bitcoin didn’t have a market price in 2009, profitability calculations are moot, but if you didn’t add any CPU or GPU power, for the year, if you were earning 1 BTC at the start of the year, you would earn 14.39% less, or around 0.8561 BTC, by the end. Obviously, this assumes the miner has 100% absolute uptime, and doesn’t lose income thusly (highly unlikely, but let’s be generous!).

2010 To 2013: The GPU Mining Era

Summary Difficulty Statistics: 2010 to 20132010

In 2010, we witnessed bitcoin acquire a market price for the first time in its history, as well as its first exponential “price rip” upwards. Aside from one difficulty drop in May (before Bitcoin had a market price), we saw 32 difficulty increases with an average of 22.85%, and a standard deviation of 15.54%. If you were earning 1 BTC per hashing unit on January 1 of that year, and didn’t spend any more money on additional GPUs, by December 31 you were earning 99.98% less, or about 19,178 sats instead of a whole coin. Rough.

Figure three: Difficulty Vs. Price, Log-Log Scale, 2010
2011

2011 wasn’t much better for the miners than 2010, where if you were earning 1 BTC per hashing unit at the start of the year without adding to your GPU fleet, you would be earning 97.81% less, or about 2.19 million sats — technically over 100 times better off than you were in 2010, at least!

2011 saw bitcoin’s first mega-pump, with price increasing about 100 times from $0.30 to $30 in the first six months of the year, before taking a 93.3% bath back down to $2 by November. One difficulty drop was experienced during the 50% price drop between February and April, with the other eight drops for the year occurring during “bath time.” There were 21 increases throughout the year. The average difficulty adjustment was 11.96%, with a standard deviation of 16.96%.

Figure four: Difficulty Vs. Price, Log-Log Scale, 2011
2012

2012 was an interesting year, as it was the first time that the industry would ever experience going through a block reward halving. While you could fetch around $7 for a bitcoin in early January, a Valentine’s Day massacre nearly halved the price, and price was consistently down 30% to 35% from the January high until the middle of the year. This resulted in five difficulty drops in that six-month period. A doubling in price from June to August saw healthy difficulty increases again, with no drops in difficulty to be witnessed until “The Halving” in late November, which saw two consecutive difficulty drops to end the year.

There were 20 increases throughout the year, and seven drops, with the average difficulty adjustment being an increase of 3.26%, with a standard deviation of plus 6.04%. You would be earning 59.11% less on December 31 if you hadn’t invested in any new hardware for the year. Not too bad compared to previous years.

Figure five: Difficulty Vs. Price, Log-Log Scale, 2012
2013

Aside from a 9.46% drop in difficulty in late January, 2013 would be an “up only” year thanks to two mega-pumps, the first a near-20-timeser, going from $13.22 at the start of the year to $229.47 on April 9, and a 17-bagger from early July until early December. Alongside the solitary difficulty drop to start the year, there were 30 positive adjustments, averaging 17.16% with a standard deviation of plus 8.34%. Similar to 2010, your 1 BTC of earnings on January 1 reduced to 292,156 sats if you didn’t add any GPUs to your farm, a 99.71% drop. However, as of the end of 2013, nobody would be adding any GPUs to their farms (aside from shitcoin miners of course!), as the age of the ASIC was now upon us.

Figure six: Difficulty Vs. Price, Log-Log Scale, 2013
2014 To 2020: The ASIC Mining Era

Summary Difficulty Statistics: 2014 to 2019
2014

Despite the collapse of Mt. Gox starting the longest bear market in the history of Bitcoin, with the high watermark of $1,134.39 not to be passed again for the final time until April 2017 — a full 1,218 days later (trust me, as a November 2013 first-time buyer, I lived it and was counting the days!). 2014 was yet another seemingly “up only” year for difficulty, with 28 increases, and two small decreases of 0.73% and 1.39% to round out the year. The average difficulty change was plus 10.9% with a standard deviation of plus 6.57%. If you didn’t add any ASICs to your farm in 2014, your 1 BTC of earning power was slashed by 96.86% to 3.14 million sats.

Figure seven: Difficulty Vs. Price, Log-Log Scale, 2014
2015

Even with Mt. Gox being dead for almost two years, the “Goxxings” just seemed to keep coming, with price bouncing between $300 and $150 for most of the year, with all five of the difficulty drops occuring in 2015 coinciding with sharp 30% to 50% drops in price over a short time period. ASIC manufacturers were still feeling out the space and perfecting their art, as shown in the graphic below from the Cambridge University SHA256 technology tracker. This meant that the average difficulty change for 2015 was only plus 3.31% with a standard deviation of plus 4.62%. Still, if you didn’t add any rigs to your farm, your 1 BTC of earnings on January 1 was cut by almost 60% to 0.403 BTC.

Figure eight:. Source: Cambridge University SHA-256 State of Technology Tracker

Figure nine: Difficulty Vs. Price, Log-Log Scale, 2015
2016

2016 was one of the most special years in mining history, as it witnessed a halving as well as the release of the AK-47 of mining rigs, the Antminer S9, which would enjoy profitable service for six years up until the very recent major price drop witnessed in May 2022.

Price growth for the year was sluggish, save for the last few months which saw substantial growth, and the goxxings would still continue during 2016 despite the exchange collapsing more than two years prior. All of this would result in 22 difficulty increases, and five drops, three of which occurred prior to the halving.

The average change was plus 3.93% with standard deviation of plus 4.93%, resulting in a reduction of BTC income of 47.36% for the year.

Figure 10: Difficulty Vs. Price, Log-Log Scale, 2016
2017

2017 saw two major events, a 20-times run up in price throughout the year, and the resolution of “the blocksize war” toward the very end of the year. I obviously cannot do justice to the blocksize war in one paragraph, so I will quote the blurb of Jonathan Bier’s seminal March 2021 book “The Blocksize War: The Battle Over Who Controls Bitcoin’s Protocol Rules”:

“[The Blocksize War] was about the amount of data allowed in each Bitcoin block, however it exposed much deeper issues, such as who controls Bitcoin’s protocol rules.”

The ultimate resolution was the creation of a new fork of Bitcoin, known as Bitcoin Cash (BCH), which could also be mined using the SHA-256 protocol. Huge increases in the price of BCH toward the end of the year were enough to coax miners away from mining the Bitcoin network and mine on the BCH network on three occasions after its launch in August, with a small drop in July taking the tally to four downward adjustments for the year.

There were still 23 increases for the year however, and with an average change of plus 6.16% with standard deviation of plus 6.15%, these changes resulted in a reduction of income of 82.06% for the year. More mining rig manufacturers would enter the game this year, but no dramatic improvements in rig efficiency were achieved.

Figure 11: Difficulty Vs. Price, Log-Log Scale, 2017
2018

2018 saw much more competition in the ASIC hardware space, with rig efficiency almost doubling. Rigs were becoming so efficient, having an 80% drawdown in price over the year did little to stop hash rate growth.

There was an average change of plus 3.59% with standard deviation of plus 7.31%, across 23 difficulty increases, a drop in July when bitcoin’s price was at about $6,000, and four drops which occurred during the final price capitulation from about $6,000 to about $3,000 late in the year. The end result was a reduction of income of 64.09% for the year compared to your start-of-year earnings.

Figure 12: Difficulty Vs. Price, Log-Log Scale, 2018
2019

After the brutal bear market of 2018, traders saw a relief rally that took the price from $4,000 at the start of the year to about $13,000 mid-year. Aside from five minor negative difficulty adjustments of less than 1% in the first half of the year, and two drops in the second half of the year when bitcoin would return to a price of $6,000, there were 19 increases. The average change of plus 3.06% with a standard deviation of plus 4.49% resulted in a reduction of income of 55.42% for the year.

This was mainly driven by even more competition and efficiency gains in the ASIC hardware market as opposed to chasing price-cost arbitrage, with the 2019 fleet of new rigs being more than twice as efficient as their 2017 peers. 2019 was also the first year we saw modular mining techniques at large scale, where miners would essentially turn shipping containers into portable ASIC farms, and simply ship them to the world’s cheapest power sources. The large drop in difficulty in late October was more likely from Chinese miners physically migrating to cheaper hydroelectric power sources due to the wet season, than a miner capitulation over a small drop in price. This would become far more apparent in the migrations of 2020.

Figure 13: Difficulty Vs. Price, Log-Log Scale, 2019

Summary Difficulty Statistics: January 1, 2020 to May 10, 2022
2020

The most difficulty drops in Bitcoin history would happen in 2020, with 11 drops, some of previously-unseen magnitudes, occurring throughout the year, for different reasons. Despite the “COVID-19 everything crash of March 2020,” the substantial hash rate drops witnessed in April and late October would mostly be the result of Chinese miners physically migrating from Xinjiang province (which is coal heavy) to Sichuan province (which is hydro heavy) during the wet season, and then back at the conclusion of the wet season. The profit on offer was so great as a result of much cheaper power that it was worth it for miners to simply pack up, move and establish themselves elsewhere, despite the associated risk and downtime. Of course, the halving of May 2020 would result in two consecutive drops of 6.39% and 10.24%.

Mining techniques and rigs would continue to improve, with firmware service providers like Braiins.OS providing miners with software that dramatically increased the efficiency of their rigs and was easy enough to use by mining enthusiasts. Immersion-cooled mining would also start being used by various operations as a way to further increase efficiency and reduce downtime and maintenance costs.

The average change of plus 1.06% with standard deviation of plus 7.74% resulted in a reduction of bitcoin-denominated income by 24.91% for the year. Considering that the price of bitcoin would grow by four times in 2020 however, this would start a period of time where home and collocated mining started to look more appealing to a far wider user base due to the seemingly irresistible cost-price arbitrage on offer in a booming market, seemingly protected from competition, at least temporarily, due to the COVID-induced global supply chain issues afflicting the market.

Figure 14: Difficulty Vs. Price, Log-Log Scale, 2020
2021 To Current: China Bans Bitcoin And The (Near) Instant Recovery 2021

2021 was the year mining “hit the streets,” with colocation companies booming despite long lead times for delivery, hardware prices were going through the roof (in near lockstep with the price). Mining companies were still migrating for the cheapest power. They were going public at a rate of knots, and corporate treasuries were collateralizing their bitcoin in interesting ways. Just some of the mania you would expect to see during a meteoric bull run. To top it all off, there was a huge blackout in China which caused a near 15% negative difficulty change, then, only a month later China totally banned Bitcoin mining, causing four consecutive negative difficulty changes of 19%, 5.6%, 38.8% and 5%. This meant that anyone who was already mining saw a huge temporary bump in profits, and would be forgiven for thinking, “Whoever isn’t considering getting into mining right now would be stupid!”

But if you’ve stayed with me up until this point, you know how this story ends. Good times are short, and are always followed by cripplingly hard times for miners. These times would come soon. Those saying the Chinese hash rate would not return for months or years were selling the most picks and shovels, but return it did, mostly within three months, and all of it by the end of the year.

There were 19 increases, and seven drops — five of which were related to China, the other two small and within tolerance. The interesting statistic to look at is the standard deviation, and while difficulty averaged a change of plus 0.5%, its standard deviation was 10.9%. So, if you were in the game at the start of the year, you performed stellarly, and only had your income reduced by 12.33% for the year. However, if you were one of the unlucky ones who started in late July 2021 (or later), you had 12 changes for the rest of the year (11 of which were positive), and an average of plus 4.61%, meaning you’d lost about 77% of your income by the end of the year, with the bitcoin price going south, quickly. Again, if you were already established, 2021 was a fantastic year. For everyone else, buying bitcoin would have been the wiser option. 

Figure 15: Difficulty vs. Price, Log-Log Scale, 2021
2022

We are 10 difficulty changes into 2022 — seven increases and three drops. Despite a 20% crash in price since the last difficulty change, it is predicted that the upcoming difficulty change will be a drop of around 1%. Of the ten changes so far, the average change was plus 2.44% with a standard deviation of plus 3.39%, resulting in a reduction of income of 21.89% year to date, but I predict it will be a reduction of 50% by year end. Home miners beware!

Most interestingly, 2022 saw Intel enter the mining game, forming a large partnership with green miner GRIID, and word that even oil-and-gas giants Exxon Mobil and Conoco Philips had started flare mining using mobile, containerized mining solutions. Even with bitcoin’s price being in the doldrums, competition has been getting stiffer and stiffer.

2022 has seen more COVID-19 supply chain issues clearing, more innovation in mining firmware and techniques and, with what looks to be yet another protracted bear market for price, will see a flushing out of over-leveraged or low-margin miners, as we have witnessed in previous bear markets.

Figure 16: Difficulty Vs. Price, Log-Log Scale, 2022 to Date
Conclusion: Bitcoin Mining Is Perfectly Competitive

The nature of competition in Bitcoin mining is near perfect which means miners will work extremely hard to have the most efficient operation, and indeed, the most efficient supply chain. It also means that they are ready and able to physically go wherever is required to achieve this. Mining is not easy, and for a home miner, is akin to panning for gold in 2022 — it sounds far more glamorous and rewarding than it actually is! There are better ways to pique your curiosity about mining than spending money trying it out yourself (read: going short spot-Bitcoin in hopes you’ll earn more by mining versus going long spot-BTC) — but you will never hear this from the people selling picks and shovels!

Bitcoin mining has been able to absorb most of my time and intellectual capacity for eight years, yet I have never even turned on a miner in my life. When it comes to mining, it’s best to leave the bread to the baker, as they are most capable of identifying, assuming and managing the risks. The history speaks for itself: When it comes to hash rate and difficulty, “number go up” harder, faster and more consistently than price, and while this is great for Bitcoin, it is terrible for those looking to compete in what is a perfectly competitive space.

markethive

Tim Moseley

The love of God and a lump of bread

The love of God and a lump of bread

When the Privy Councillor of Medicine died, his sons began to sort out his estate. In a glass display case, which the old doctor had guarded like a shrine, they found, among other treasures and mementos, a strange object: a gray, shriveled and bone-hard lump – a dried-up piece of bread.

Perplexed, they asked the old housekeeper. The housekeeper told them that the doctor had once been seriously ill during the famine years after the World War. The acute illness was accompanied by a general state of exhaustion. Strong food was necessary – but rare. An acquaintance sent half a loaf of bread. Good, wholesome bread, which he himself had received from a foreigner friend.

At that time, the teacher's little daughter was sick in the neighboring house. The medical councilor therefore sent the bread to the teacher's family without eating it himself. But even they did not want to keep the bread. The old widow over there under the roof in the emergency quarters needed it more. She passed it on to her daughter with the two children in the puny basement apartment. She remembered the sick medical councillor who had recently treated one of her boys without asking anything in return.

"We recognized it at once," concluded the housekeeper, "by the stamp stuck on the bottom of the bread, showing a colorful little picture." When the Medical Councillor held his own bread in his hands again, he was shaken beyond measure and said, "As long as there is still love among us that shares its last piece of bread, as long as I have no fear for all of us helps; This bread has filled many people without a single one eating it."

This story makes tangible the power of love: "The love of God has been poured out into our hearts through the Holy Spirit who has been given to us." (Romans 5:5) And this love is palpable in our four walls: this good, loving spirit is blowing. No, our houses are not gray concrete, it is rather living space for the good spirit of God. But the spirit also breaks many a space and frame. Because this love can be experienced through our heart attitude beyond all borders: We do not only keep what we have for ourselves, but give others a share of it – so that something remains!

And so, once again, and in the midst of us, in the here and now, a miracle happens: a feeding of thousands – three thousand employees and over six thousand people entrusted to us – they are fed.

I wish this miracle for all of us again and again.

 

Tim Moseley

The Artist that came out of the Winter