“The Church has always insisted the Jews should not dwell together with Christians [Catholics] that every city should have a ghetto, and that the Jews should have to wear identifying badges. The Church of advocates the elimination of the Jews.”—Jesuit, Fr. Rudolf Mikus, S.J.; Jesuit Provincial of Slovakia, Bratislava Newspaper ‘Slovák,’ (February 10, 1939) [Emphasis Mine]
“In the Third and Fourth Councils of the Lateran (1179 and 1215), the church codified all previous enactments against Jews. They had to wear a badge of shame. In England it was saffron, in the presumed shape of the tablets of Moses. In France and Germany it was yellow and round. In Italy, the badge was a red hat, until a short-sighted Roman prelate mistook a Jew for a cardinal and the colour was changed to yellow. Jews were forbidden all contact with Christians [Catholics], barred from administration, deprived of lands, forbidden to own shops, herded into ghettos which were bolted at night. No system of apartheid was more rigorously enforced. For refusing to deny their ancestral faith and convert to Christianity [Catholicism], Jews were hounded from one land to another. One pope gave them a month to quit their homes in Italy, leaving them only two places of refuge. During the Crusades, they were slaughtered in their thousands, out of devotion to Christ. A Jew who showed his nose on Good Friday was virtually committing suicide, even though the Man on the Cross had a Jewish nose. Thus down the ages, millions suffered and died. Bad art and disastrous theology had prepared the way for Hitler and his ‘final solution’. In Nazi Germany, to begin with, stars were daubed on Jewish homes and shops; it was the signal that they could be smashed and looted. Towns boasted, as they had done in medieval times, of being juden-rein, free from Jewish contamination. Typically, on the outskirts of the village of Obersdorf, there was a wayside shrine with a crucifix. Over Jesus’ head was the inscription, INRI [‘the word INRI, and below them the words IUSTUM, NECAR, REGES, IMPIOUS. The meaning of which is: It is just to exterminate or annihilate impious or heretical Kings, Governments, or Rulers.’]. In the foreground was a notice: ‘Juden sind hier nicht erwünscht’—‘Jews are not welcome here.’ In 1936, Bishop Berning of Osnabrüch had talked with the Führer for over an hour. Hitler assured his lordship there was no fundamental difference between National Socialism and the Catholic Church. Had not the church, he argued, looked on Jews as parasites and shut them in ghettos? ‘I am only doing,’ he boasted, ‘what the church has done for fifteen hundred years, only more effectively’. Being a Catholic himself, he told Berning, he ‘admired and wanted to promote Christianity [Catholicism].’ It never occurred to Hitler, it seems, that Jesus, whom he referred to in Mein Kampf [Ghost-written by Jesuit Fr. Bernhard Stempfle, S.J.] as ‘the Great Founder of this new creed’ and the scourge of Jews, was himself a Jew; and if not, why not? From September 1941, every Jew in the Reich over six years old had to wear in public, as a badge of shame, the Star of David [IX-XI/9-11: Sigil of Azaz’el: Mary]. Why did Hitler not insist that on the loin-cloth of every crucified Christ on display in the Reich that same Star of David [IX-XI/9-11: Sigil of Azaz’el: Mary] should be pinned? Would he have been so keen to promote his brand of Christianity [Catholicism] if only once he had seen Jesus crucified as he really was? Suppose Jesus had appeared naked on every cross in Germany? Would the German bishops and Pius XII have kept silent for so long had they seen their crucified Lord without his loin-cloth?”—Peter De Rosa (Roman Catholic); ‘Vicars of Christ: The Dark Side of the Papacy,’ ‘Prologue: The Great Cover-Up,’ p. 5-6, (New York: 1988) [Emphasis Mine]
The blockchain industry will never lack hype, what it lacks is the landing of application scenarios.submitted by blockfinn to u/blockfinn [link] [comments]
Since Satoshi Nakamoto initiated Bitcoin in 2008 , the blockchain industry has gone through 12 years. Many earth-shaking changes have taken place over the years, from vision to reality, from POW to POS to DPOS , and many underlying protocols, blockchain operating systems, etc., derived from pure currency.
Changes are happening all the time, but the hype has not changed.
Once upon a time, EOS was also known as the operating system of the blockchain 3.0 era (Editor’s note: Before this, Bitcoin was called the representative of blockchain 1.0 because it was the first blockchain digital currency , and Ethereum was the first The smartcontract virtual machine is known as the representative of Blockchain 2.0 ). But according to the market acceptance of EOS , its hype value is obviously greater than its application value.
Why didn’t EOS take up the important task of blockchain 3.0?
The founder has one reason. The founder BM is indeed a technical genius, but the past projects he developed are still criticized more than halo. He is also the founder of BTS (bits shares) and Steemit, and are not successful in the project is to develop another project began to flee, many have questioned whether encryption monetary investment in BM only one item after another project of ‘ misappropriating ‘ .
Over-centralization is the second. The centralized bargaining chip plus the centralized 21 super node mechanism are two important reasons for its over-centralization. According to EOS Browser, the top 100 EOS holdings account for nearly 50% of the total. Such a concentrated distribution of chips will pose a huge threat to the EOS ecosystem.
STAR (Interstellar) innovative DPOS breaks the deadlock
STAR is a star project from Silicon Valley. According to the white paper, they have made considerable improvements on the basis of EOS DPOS.
1.the decentralization of node power. The node is responsible for the generation of new blocks and requires democratic voting to become a valid block, avoiding the possibility of node centralization.
The most important point is the distribution mechanism: Compared with the Dutch auction of EOS, IGO (Initial Game offering) is more fair and may become another outlet after DEFI.
In the era of application as king, abandon the hype of blockchain and see how many surprises STAR will bring us in the future.
*The market is risky, this article does not constitute investment advice
Friends, I want to introduce you to one game on the #Tron platform called CropBytes https://cropbytes.com.submitted by Zotoff85 to u/Zotoff85 [link] [comments]
Since my hobby is the search for additional (passive) income, cryptocurrency, and also games, when in July I received a letter in the mail (apparently signed) about the release of this game in the 3D version, I decided to see what it is ...
CropBytes is an online Crypto Game based on the real-world farming economy, where you play and own assets inside the game & use them to provide goods & services to other players or trade.
The game was first released back in 2018 in 2D, but I hadn't heard of it then.
There are many massive farming games out there with millions of active players, but CropBytes offers a significant difference - the Play to Earn model.
Players will be able to upgrade their farms, produce goods and trade them in an open economy in order to earn cryptocurrency.
Why can you ask? Because the game exchange is not working yet, but the developers promise that it will work soon.
It is worth noting that the game is available on Android and iOS mobile devices, as well as on PC. The game still maintains the philosophy of free play with a trial package, but you can always deposit some cryptocurrency to promote your farm faster.
So what is included in the trial package: a cow, a chicken, a goat, fruit feed, some corn and carrot seeds and water, and of course the most important thing is a piece of land where you can plant the available seeds.
The chicken brings you eggs, the cow and the goat bring you milk. And the seeds turn into ready-made fruits of corn or carrots, from which you can prepare carrot and corn feed, respectively.
You cannot plant carrots and corn at once. Just one thing.
ATTENTION! a small instruction on how to plant seeds. For a long time I could not figure it out, because there is no manual for the game anywhere. After you set your site in the place you need, click on it, you will have 2 bags with pictures on them - these are your carrot and corn seeds, choose what you plant by clicking on the desired bag.
A message appears with the inscription "Done", on which you do not need to click, but you must click on the site.
Not knowing this, I clicked on the outgoing message and naturally nothing happened. I thought that maybe there was not enough seeds and bribed a little ... But I was prompted in the telegram group for the game (I will indicate the link to it below) and everything worked out.
So friends who are interested in the game
Download now 👇
👉 iOS ➡️ https://apps.apple.com/us/app/cropbytes-farm/id1441553490?ls=1
👉 Android ➡️ https://play.google.com/store/apps/details?id=com.Hyfll.FarmingGame&hl=en
* you can enter the referral code 7CCFB8, which can give you a bonus and of course my support
Play on web 👉 https://cropbytes.com/farm-view
* Note: Loading the game on your web browser will take 5-10 min on the first attempt. Please be patient.
Telegram Channel: https://t.me/ccropbytes
Telegram Community: https://t.me/cropbytes
P.S. you can earn some TRX by participating in the bounty at https://cropbytes.com/bounty
And here https://youtu.be/-VI37IrlBhs you can see how I play the game.
Referral Bonus, Bounty Programs, Contest & more
Two Factor Authentication.
Highly Secure Wallet
CropBytes - Crypto Farming Game 3.0.16
● An awesome new 3D game environment
● New UI, Buttons, icons and interactions
● Updated rules for growing, storing, planting
● Highly detailed gameplay
● Extended play area for more fun
- CropBytes Exchange
- Additional tokens like Bitcoin (BTC), Ethereum (ETH) & USDT
- Auto withdrawals- Quick withdrawals to your personal crypto-wallet
Bitcoin options are breaking records, and exchanges are competing for this segment. We will tell you what these tools are and how they worksubmitted by Smart_Smell to Robopay [link] [comments]
The cryptocurrency market is constantly evolving, integrating with the traditional and inheriting complex financial products such as futures and options.
Some types of fixed-term contracts are already firmly established in the bitcoin industry. This is noticeable by the activity of traders on the CME.
However, the situation with options is somewhat different. These derivatives are difficult to understand among ordinary market participants and are not yet so popular.
Nevertheless, there is a demand for such tools, as evidenced by the growth dynamics of this market segment and interest from platforms such as Binance and Bitfinex.
Bitcoin options have already been offered on CME, LedgerX and Bakkt, which are regulated and oriented primarily on whales. Among the unregulated sites, the leader is Deribit, followed by FTX and OKEx.
ForkLog magazine figured out what options are and what types of options are. We will talk about the features of these tools and the current state of affairs in the segment. In this article you will also find comments by leading market experts on the role of options in the industry.
What are options and how do they work?An option is a financial contract concluded between two parties — the holder and the seller. The first receives the right, but not the obligation, to buy or sell a certain amount of the underlying asset at the strike price (strike price) on a specific date (expiration date).
The seller undertakes to buy or sell the asset at the request of the option holder. The latter pays the seller at the time of purchase of the contract a certain amount of money — the so-called premium.
The rights and obligations of the holder and seller differ significantly. The former has the right to choose whether to exercise the option or not. The seller is obliged to fulfill the terms of the contract at the request of the holder.
Parameters such as the type of underlying asset, expiration date, strike price are fixed at the time of issue of the contract, after which they cannot be changed.
Like futures, options are derivative financial instruments and derivatives. This means that they can be based on various underlying assets (BA) — stocks, indices or cryptocurrencies.
“Like the options already existing in traditional finance for all major assets, there are contracts based on BTC and ETH on the cryptocurrency market. They are very interesting financial products“, said Su Zhu, head of Three Arrows Capital, in a conversation with ForkLog.
Options are used both for hedging risks and for speculative trading. For example, a speculator confident in the growth of the underlying asset buys a call option. If the BA price rises above the strike, the trader can use his contract to buy a discounted asset.
“Derivatives such as options allow users to hedge risks and generate revenue. Derivatives play a key role in the traditional financial market. These tools are needed so that the cryptocurrency market continues to grow and develop, being filled with new participants“, said Aaron Gong, vice president of Binance Futures.
Practical use of optionsConsider the simplest example of options hedging. Suppose there is a company manufacturing tomato paste, sauces and ketchups. There is a farmer supplying this company with tomatoes. He acts in conditions of fierce competition, close to perfect.
It is extremely important for a company to buy raw materials cheaper to minimize production costs and remain profitable. The farmer, in turn, hopes for a long-term cooperation with the company so as not to lose a major client.
The company offers the farmer an option, assuming the right to buy 10 tons of tomatoes of the next year’s crop at the current price — say, $1,000 per ton. To exercise this right, the company pays the farmer an option premium of 3% of the total transaction amount of $10,000, that is, $300.
The farmer will have to, at the request of the company, sell the appropriate quantity of goods at the above price and at a specified time.
A year later, the crop was high, which led to a decrease in the market value of tomatoes to $800 per ton. The company decides not to exercise its right to purchase raw materials for $10,000, as other farmers can buy the same 10 tons of tomatoes for only $8,000.
Thus, having lost only $300 as a premium on an option, the company is insured against price risk. Buying raw materials at a significantly lower market price is more than worth the price of the option contract.
Let’s imagine another scenario: the crop turned out to be unimportant and the price of scarce tomatoes jumped to $1200 per ton. Then the company will certainly take advantage of the right to purchase tomatoes for $1000. Thus, the result is any case.
It is easy to guess that the options can be used by miners to hedge the risks of adverse changes in the price of the extracted asset. For example, expecting a decrease in the price of BTC, miners can use options that give them the right to sell cryptocurrency in the future at a price higher than the breakeven point.
“Miners are already very active in options markets. And, probably, they will remain active“, Su Zhu said.
Su Zhu is confident that in the long term, options will make the cryptocurrency spot market more liquid and attractive to a wide range of participants. He added that the growing popularity of such contracts among miners could significantly reduce sales pressure.
“Options give miners the opportunity to fix the price of coins mined in the future. Miners can better manage their production costs and protect themselves from market volatility“, said Aaron Gong, expressing confidence that the popularity of options will continue to grow.
According to him, such tools open up new opportunities and may be of interest to speculators, funds and long-term cryptocurrency holders.
“Institutional investors are also showing growing interest in options and other derivatives. Last week it was reported that the famous Wall Street trader Paul Tudor Jones allocated a few percent from his Tudor BVI fund for bitcoin futures. This is a positive signal, which means that more and more institutions are interested in the cryptocurrency market“, Gong added.
However, option strategies are not suitable for every market participant — effective work with these tools requires certain experience, Co-founder of CoinIndex.agency Julia Sporysh is sure:
“Of course, in order to use this effectively, the miner must have an experienced trader (option strategies are some of the most difficult on the market) — or they will have to unite and work through specialized trading companies. This market exists, although it is not for the general public.”
Also, according to her, options may be of interest to funds and retail traders who have gained a hand in speculative trading.
“Options are an independent and good speculative tool. And if you have positions in futures or in the spot market, it’s just the time to explore new opportunities“, added Yulia Sporysh.
Types of optionsThere are two main types of options — option call and option put. The first gives the right to the contract holder to purchase a certain amount of the underlying asset from the seller (they also say — the inscription) at the strike price on a certain date in the future. This type of option was used in the tomato example.
The put option, on the contrary, gives the buyer of the contract the right to sell the underlying asset at a fixed price. The latter may be higher than the market at the time of expiration, which is beneficial to the trader.
Market participants use the call, predicting an increase in the price of BA, and put — expecting it to decline.
More complex strategies use combinations of these two types of contracts.
There is also the term “covered option”. For example, an option call is covered if the seller has the amount of the underlying asset corresponding to the terms of the contract.
Options may also differ in the style of execution — American or European.
European-style options require the holder to execute the contract exclusively on the expiration date. Such options, in particular, are presented at CME and Bakkt.
American style implies the possibility of contract execution at any time prior to the date of expiration. Options of both styles are traded all over the world, their names have no relation to geographic location.
There are less standardized, exotic options. However, the popularity and importance of such instruments in the financial market is not so great.
Parameters and conditions for trading certain options are described in the specifications for them, which indicate the expiration date, strike price and other elements of the contract.
Premium, strike price and cash optionThe option premium is the amount of money paid by the buyer to the seller. The premium is equal to the value of the contract and, in fact, represents a fee for the risk of adverse changes in the value of the underlying asset.
The option premium is formed by two components:
• Intrinsic value — the amount that the buyer would receive if the contract were currently executed. It depends on the ratio of the price of the underlying asset and the strike.
• Time value — depends on the time remaining until expiration. Usually, the less time it takes to execute a contract, the lower the premium.
As a rule, high price volatility contributes to premium growth, and vice versa. A deal with a close strike price in relation to the current one has much greater chances of closing in profit and, therefore, the premium for such an option will be relatively high.
The strike price is the price fixed in the option at which the buyer of the call option can buy (or sell, if this is a put option) the underlying asset. In turn, the seller of the contract is obliged to sell or buy BA.
Money is an indicator of the ability to receive funds from the exercise of the right to exercise a derivative. In the context of options, cash can be calculated by comparing the spot price of the BA and the strike price of the option. Thus, three options are possible:
• “in the money” option: in the case of a call — if the spot price is higher than the strike (then the intrinsic value of the contract is positive), in the case of a put, on the contrary, if the BA price is lower than the strike;
• option “on money” (or “with one’s own”) — equal strike to current stock quotes, intrinsic value equal to 0;
• the option “out of money” (“without money”) — the exercise of the option is not economically feasible; in such a situation, the current price of the underlying asset is lower than the strike price of the call option or, conversely, the spot price of the BA is higher than the strike price in the case of a put.
Option strategiesThere are many option trading strategies. Four basic approaches can be distinguished.
Long call — buying a call option, the investor expects an increase in the price of the underlying asset above the strike on the expiration date of the contract. Then he will be able to buy an asset at a discount to the market price and thus earn on the difference. If the price drops below the strike, the buyer risks only the premium paid for the option.
Long put — is a kind of alternative to a short position in the spot market. The buyer of the put option hopes to make money, assuming that the price of the BA falls below the strike at the time of expiration. In this scenario, the investor may sell the asset at a higher price than the market price.
Also, through a put option, an investor can limit the risk of a fall in the price of an asset that has a long position open. According to Su Zhu, miners may use the “protective put” strategy, in whose activity a substantial and prolonged drop in the price of mined cryptocurrency is undesirable. Through such tools, miners can provide profitable or even break-even activity.
Short call — the investor acts as the seller of the contract, counting on a decrease in the price of BA below the strike on the date of expiration. However, the higher the price of the asset, the more losses the inscription bears. Thus, the risk of the seller of the contract is unlimited, and the profit potential is limited by the premium on the sale of the call.
Short put — the seller of such an option expects a premium on it, being firmly convinced that the price of the BA will be higher than the strike.
Combinations of these basic strategies may underlie more sophisticated options trading approaches, such as:
• protective put — purchase of a put option for an available asset;
• covered (secured) call — an investor sells a call option to an existing BA or which will be acquired simultaneously with the sale of the option; the strategy reduces the risk of owning an asset, since a fall in its price is partially offset by a premium;
• straddle — a kind of bet on volatility, which implies the purchase of a call and put option on the same asset with the same expiration date and the same strike price;
• strangle — almost the same as straddle, differs only in different strike prices.
ConclusionsOptions are complex financial instruments, their mechanism of work is unlikely to be mastered immediately by most novice traders. Nevertheless, these derivatives may seem interesting to experienced market participants and, in particular, to miners.
The following advantages and disadvantages of options can be distinguished. Of the advantages of these contracts, we note:
- flexibility of use in speculative trading;
- the ability to use many combinations and trading strategies;
- a good tool for hedging risks;
- the ability to use in any trend — upward, downward, sideways.
- the difficulty of understanding the mechanism of work, especially for novice market participants;
- asymmetric conditions and, accordingly, risks for the buyer and seller;
- the complexity of trading strategies;
- the volatility of an option premium, which depends on the proximity of the expiration date and price dynamics in the spot market;
- low liquidity.
Different industry players have different cryptocurrency options. Some consider them promising tools useful for miners, funds, retail traders and the market as a whole. Others are convinced that such derivatives are archaism.
Nevertheless, options are gradually taking root in the cryptocurrency market. This is evident in the dynamics of trading volume and open interest. In addition, more and more exchanges are trying to add support for these contracts, which contributes to increased competition and further development of the industry.
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Investissez 99 euros minimum et gagnez des Bitcoins à vie !submitted by shuitelec to BitcoinFrance [link] [comments]
Paiement par trimestre, premier versement le 15 JUIN 2020.
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