Join the World of VICTORIA VR – a Virtual Reality Game in Cooperation with DEXFIN

The New Year has just begun and many are still shaking off the negative effects of 2020. The world’s economy is down, meetings with friends have become a dream, and we are constantly anxious about our health. 

But what if we wouldn’t have to live in such a wacky world? What if we could go back to normal? Or even better, what if we could defy the laws of “normality”?

DEXFIN, in collaboration with VICTORIA VR, took into account all of these feelings and found a great solution that combined both the need for adventure and the need for safety. 

What is VICTORIA VR about?

Aiming to make the world a lot safer, at least financially, the VICTORIA VR team developed a new Virtual Reality Multiplayer Online Game that will eventually show players the benefits of using cryptocurrency and converting fiat to crypto. 

Through this method, crypto usability will expand, and in the foreseeable future fiat will be superseded. This will lead to the independence of banks, governments and personal data security platforms.

But until then, join VICTORIA VR, where you can live the trial version of this ideal future. 

Why is this game so special?

VICTORIA VR is based on blockchain technology, with all of the items actually being NFT tokens on the blockchain. It was developed for both crypto enthusiasts and game players, with each group being able to enjoy its features. 

To achieve their purpose (to convert gamers into crypto users), VICTORIA VR included education quests in the game, where players can get NFT and VR tokens by answering questions about crypto. Of course, they don’t have to use Google for that. Once you join the game, you have access to courses about cryptocurrency (from blockchain and tokens to DeFi and yield farming). 

But until gamers will actively learn about cryptocurrency via VICTORIA VR, they will have to be convinced to join, right? What better way to do that than by creating the best gaming experience?

The team put a lot of work into the design, interface and gameplay. And now the platform is equipped with:

  • Fully customizable avatars;
  • Photorealistic graphics;
  • Six levels of quests;
  • Competitions;
  • Unique items;
  • Treasure maps;
  • Easter Eggs 
  • And more.    

But the most important part is that players can trade items, XP, and even tokens on the Big VR Market. Plus, VICTORIA VR has really made mining such a great experience. Instead of using computational power to discover new tokens, here you just need to complete a quest. The more complicated, the bigger the reward. 

How can you join VICTORIA VR?

In order to enter this amazing adventure, you need to own the  main currency of the game – the VR Tokens. So don’t miss their Pre-sale

But don’t worry, you have enough time to get them since there are 78 billion tokens on the line. All you need to have is some Bitcoins: 

  • From December 15th, 2020, to January 31st, 2021, you can get them with just 0.00000006 BTC per token;
  • From February 2nd to February 28th they are available for 0.00000009 BTC;
  • And from March 1st to March 16th they are available for 0.00000012 BTC.

Then it’s showtime! The game will be officially launched and you will have a lot more ways to get your VR tokens – like completing quests, conquering competitions, or airdrops. And if you are a little more traditional, then staking and trading tokens on the Big VR Market is a great option too. 

Nobody tells you how to use your assets. 

Is there anything else you should know?

You can buy the Victoria VR token on DEXFIN cryptocurrency exchange with DEXFIN’s own DXF token – a perfect pair for Bitcoin. DEXFIN also offers staking, with 11% per year for the DEXFIN token (DXF) and 20% per year for the VICTORIA VR (VR) token. By betting on DEXFIN, you can profit with two additional crypto assets: Bitcoin (BTC, 4.8%), Tether (USDT, 11%).

If, on the other hand, you are passionate about gaming, VICTORIA VR is the perfect game that defies the laws of physics. You can explore space without even wearing a spacesuit, you can fly, jump ten meters, and you can even beam down to other planets. Plus, your characters are immortal, so they can’t get any virus or be hurt.

So, what are you waiting for? Get your VR tokens and start your crypto adventure!


Bitcoin Vault (BTCV)

What is Bitcoin Vault (BTCV)?

BTCV was developed to provide an extra level of security based on a 3-Key Security Solution which allows users to reverse certain type of transactions on the blockchain. It features all the convenience of Bitcoin while adding important features allowing user transparency and freedom. Bitcoin Vault is our answer to issues faced by the crypto community over the last decade which mainly are:

  • Unauthorized access to wallets due to either hacks or accessing user private keys
  • Human mistakes with sending crypto assets to the wrong wallet addresses or other kinds of mistakes related to mistyping of transfer amounts or mixing transfer amount with gas amount
  • Errors, bugs and other issues related to cryptocurrency software

BTCV development is focused on security and safety features, user convenience and user experience as we also believe that those are the key challenges that prevent a significant portion of society to become part of global crypto community.

What makes Bitcoin Vault unique?

Bitcoin Vault is the only cryptocurrency on the market that allows users to reverse certain types of transactions. This feature is based on the combination of three private keys (3-Keys Security Solution) and their functions in the ecosystem. Users can create three types of wallets based on the number of private keys they want to use. With the optimal setup, when a user chooses to use a wallet that supports three private keys, he can perform three types of transactions and get the possibility to reverse them.

What is the 3-Key Security Solution?

Most of the cryptocurrencies require users to handle one private key to access wallets and perform transactions.

Bitcoin Vault developed a 3-Key Security Solution which requires users to generate three Elliptic Curve Digital Signature Algorithm (ECDSA) keys – one is stored automatically within the app and the other two need to be managed by the user. The current setup in Bitcoin Vault allows users to cancel initiated transactions and reverse them to an existing or a new wallet address. 

Solution supports three ECDSA key with different roles in the ecosystem:

  • Standard Transaction Key is generated automatically and works in the background. It is required to initiate all transactions, and to recover a wallet in case of a hack or technical issue
  • Cancel Transaction Key allows users to perform Cancel transactions within approximately 24 hours, before 144 blocks are generated
  • Fast Transaction Key gives users the possibility to make Secure Fast transactions and transfer BTCV in a matter of minutes

Bitcoin Vault Ecosystem

Bitcoin Vault’s ecosystem includes three apps that were created in-house solely for the purpose of storing and managing BTCV. Together, they form a powerful tool that guarantees a higher standard in security, transparency and freedom.

Gold Wallet

Gold Wallet is an app for mobile devices designed to store, send and receive BTCV. It allows users to create three types of wallets and perform various types of transactions, including Secure Fast, Secure and Cancel Transactions. Gold Wallet can also be used as an authenticator for the two-factor authentication (2FA) for the Electrum Vault desktop app.

Key Generator

Key Generator is a web-based app that generates individual public and private keys necessary to set up wallets and perform transactions. It uses only local resources, which means the key generation process, as well as the keys themselves, never leave the user’s device. They are not stored anywhere and cannot be accessed online. The keys are stored offline, providing the utmost level of safety.

Electrum Vault

Electrum Vault is a desktop app based on an open-source Electrum Wallet. It has all the features of Gold Wallet, which means it can be used to store, send and receive BTCV, create wallets and perform transactions, including Secure Fast, Secure and Cancel Transaction.

Who are the founders of Bitcoin Vault?

Bitcoin Vault was founded by Eyal Avramovich, an inventor, creator and CEO of Minebest (, one of the world leading operators of crypto mining facilities located in Asia, Europe.

Bitcoin Vault (BTCV) was launched in 2019 as alpha chain. It was developed heavily between December 2019 and November 2020, which saw the release of the key feature enabling reversible transactions on the blockchain.

‘Crypto Killed the Gallery Star:’ How Crypto Revolutionizes the Art World

By Aaron Koenig15 Dec 2020, 10:36 GMT+0000Updated by Ana Alexandre15 Dec 2020, 12:57 GMT+0000

December 2020 in sunny Florida. Art Basel Miami, one of the biggest and most important art events in the world, has been cancelled due to the corona panic. But the crypto art community does not surrender to the virus.

In Miami’s art district Wynwood, around 100 people gather in the Bitcoin Mining Market to celebrate BitBasel, a get-together of crypto artists, collectors, and fans. You see lots of tattoos, funky hairstyles, and sexy dresses. Unlike most crypto events, the male/female ratio here is about 50:50. 

An online live stream connects this bitcoin (BTC)-themed venue, which sports a bench built out of scrapped mining machines, with speakers from all over the world. Some interviews and the moderation take place on a small stage, but most speakers and panelists can only be seen on several flat screens.

Around 1,000 viewers follow the event online. Two more screens showcase selected crypto artworks — most of them animations in bright, psychedelic colours, which were selected by crypto artist Johnny Dollar for this event. Many of these pieces can be acquired and traded on a blockchain in the form of non-fungible tokens (NFTs).

What exactly is crypto art?

But what exactly is crypto art? What attracts the Miami hip crowd and online viewers from around the globe to this new phenomenon? What differentiates it from other art forms?

The most precise definition of crypto art is: digital art that gets its scarcity through non-fungible tokens on a blockchain. Art can only be valuable if it is scarce. Paintings and sculptures are scarce by nature. Photographs, etchings, or lithographies usually come in limited editions signed by the artist. But digital files may be copied endlessly without a loss of quality and could therefore not be scarce — before the invention of blockchain.

Blockchain has been created to guarantee the scarcity of digital money without the need for a central institution you need to trust. Tokens on a blockchain can also represent other things than money, and art is one of them.

However, there is a big difference between money and art. Money needs to be fungible, which means that it does not matter whether I pay you in a note of ten dollars or in ten one dollar coins. As long as the value is right, you do not care about the form. The same is true for bitcoin or digital tokens. Every token that represents value is as good as any other one.

That is why the NFT was invented

Artworks behave differently: they are unique. That is why the NFT was invented. Every NFT is different. It can be clearly identified and comes with metadata such as an image or a description. Non-fungible tokens can be sent through the internet and stored in a wallet, just like bitcoin.

It can represent any kind of collectible, but digital art has become its most popular and successful use case. Traditional paintings can be represented by NFTs as well. Here, the benefit is not the artificial scarcity, but the fact that a blockchain token can prove an artwork’s authenticity and provenance.

So far, collectors had to trust a gallery that an artwork was not forged. The gallery would also produce a document showing the prior owners of an artwork. All this can now be done much more efficiently by blockchain technology. This strengthens the position of the artists towards the galleries, who have been taking a high cut in every sale for their services.

Crypto changes this. Mexican artist Moxarra comments this by quoting the MTV logo (now spelled NFT) and the first song ever played on that channel, “Crypto Killed the Gallery Star.” “This artwork comes in the form of a limited edition t-shirt. Only the owners of the corresponding NFT may wear it,” explains Moxarra.

Crypto art marketplaces open new opportunities

Several marketplaces have been founded to cater for the needs of artists and collectors, and more of them are about to be launched. One of the biggest is, where everyone can upload their art and sell it for digital money. has a more selective approach: as an artist you have to apply for it, and they only accept unique artworks, no series or editions. is open for anyone as well, and it offers an easy way to create NFTs both for unique and multiple artworks. Most of these platforms are based on Ethereum (ETH), but other blockchains like WAX or RSK are starting to compete for this new market.

“This opens new opportunities for artists to make a living from their art,” says Gus Grillasca, a crypto artist from Mexico, adding:

“In the traditional art world, only a few superstars made all the money. Now, everyone has a chance. I am not a superstar, but when I sell an artwork on SuperRare, I earn 600 to 800 dollars with it, which is a decent amount of money in Mexico.”

Gus Grillasca

Another advantage these marketplaces offer to artists is that they get a share of secondary sales, usually in the range of 10 per cent. In the old art business, once an artist had sold his work to a collector, he would not see a penny if the collector sold it for a higher price to someone else.

If the artist had become famous in the meantime, only the owners of his early works would benefit from their higher prices, but not the artist himself. In crypto art, artists get their fair share.

However, it is not only the economic benefits that makes crypto art attractive. The technology also allows for new forms of expression. Many crypto artworks are not static, but animated. Some are interactive and include computer code.

The artwork ETH Boy, a portrait of Ethereum’s founder Vitalik Buterin dressed as a Picasso-style Harlekin, by Alotta Money and Trevor Jones changes every day depending on data such as the price of ether or the gas fees in the Ethereum network. 

“I was excited about the concept of this painting changing daily in response to external variables out of ours or anyone else’s control,” says its co-creator Jones. The ETH Boy was sold for 260 ETH ($151,684, at press time) on the platform Async Art, which specializes in programmable art.

A fascinating area of the crypto world

For me, crypto art is one the most fascinating areas of the crypto world. I am managing a young artist called Max Cryptohead, who is creating digital portraits of crypto pioneers such as Satoshi Nakamoto, Nick Szabo, or Adam Back at

So far his artworks have been static, hi-res JPEGs that can be printed out on canvas to be hung on walls. But Max is totally fascinated by the new possibilities of crypto art, and he is learning to work with Adobe After Effects and other programs to create more dynamic forms of art. Max said:

“When I started to create my portraits of crypto heroes, I had no idea of the possibilities of Crypto Art. But the more I delve into it, the more I am intrigued by it. And I even made some money with my art already.”

Max Cryptohead

Apart from it, I’ve launched my new video show Café Moonmartre. In each episode I interview an artist, gallerist, curator, or collector who plays a role in this new and vibrant art scene.

via BeInCrypto

Why Sports Bettors Will Love December This Year

This holiday season brings excitement for sports bettors this year. What can you bet on in the month of December? There are some great choices, highlighted by the final full month of the NFL regular season as teams try to make the playoffs. Can the Kansas City Chiefs overtake the Pittsburgh Steelers for the top spot in the AFC? Will Tom Brady get Tampa Bay to the playoffs? Will the winner of the NFC East finish with a losing record? The NFL will share the football spotlight in December with college football, as the regular season concludes and bowl season kicks off. 

The month of December will also mark the return of the NBA, as the 2020-21 season begins with the Los Angeles Lakers the defending champs.  College basketball will also be in full swing in December, as all of the top teams will be in action. 

December is also a great month for big fights, as Anthony Joshua defends his heavyweight title against Kubrat Puley and the UFC has events on a regular basis, including UFC 256: Figueiredo vs. Moreno

Not to be left out when it comes to December sports betting is Champions League and Premier League action, the last two Formula One races of the year, PGA and European Tour events, plus the U.S. Women’s Open in the LPGA. Let’s look at what to bet on in the month of December at BookMaker.

December 2020 Sports Betting Schedule (by sport)


The NFL regular season is winding down with Weeks 13-16 of the regular season taking place in the month of December. Teams will be trying to make late season runs to qualify for the playoffs, while other teams will be trying to improve their playoff seeding. Here are some of the marquee games in the month of December in the NFL.

December 3-7 (Week 13 Marquee Games)

Dallas Cowboys at Baltimore Ravens – FOX

Cleveland Browns at Tennessee Titans – CBS

Los Angeles Rams at Arizona Cardinals – FOX

Denver Broncos at Kansas City Chiefs – NBC

Buffalo Bills at San Francisco 49ers – ESPN

December 10-13 (Week 14 Marquee Games)

New England Patriots at Los Angeles Rams – FOX

Kansas City Chiefs at Miami Dolphins – CBS

Indianapolis Colts at Las Vegas Raiders – CBS

Pittsburgh Steelers at Buffalo Bills – NBC

Baltimore Ravens at Cleveland Browns – ESPN

December 17-21 (Week 15 Marquee Games)

Los Angeles Chargers at Las Vegas Raiders – FOX

Buffalo Bills at Denver Broncos – NFL Network

Carolina Panthers at Green Bay Packers – NFL Network

Kansas City Chiefs at New Orleans Saints – CBS

San Francisco 49ers at Dallas Cowboys – NBC

Pittsburgh Steelers at Cincinnati Bengals – ESPN

December 25-28 (Week 16 Marquee Games)

Minnesota Vikings at New Orleans Saints – FOX

Miami Dolphins at Las Vegas Raiders – CBS

Indianapolis Colts at Pittsburgh Steelers – CBS

Los Angeles Rams at Seattle Seahawks – CBS

Tennessee Titans at Green Bay Packers – NBC

Buffalo Bills at New England Patriots – ESPN

College Football

The college football regular season concludes in the month of December with a number of key games including Conference Championship Games. Bowl season also begins in December, with the first bowl taking place on December 19. Here are some of the marquee games for each week in the month, all of the Conference Championship Games and all of the bowl games in the month of December.

December 3-5 (Week 14 Marquee Games)

Alabama at Arkansas

Syracuse at Notre Dame

Ohio State at Michigan State

Clemson at Virginia Tech

Texas A&M at Auburn

Florida at Tennessee

Northwestern at Minnesota

Baylor at Oklahoma

December 10-12 (Week 15 Marquee Games)

Notre Dame at Wake Forest

Texas A&M at Tennessee

LSU at Florida

North Carolina at Miami, Florida

Wisconsin at Iowa


College Football Conference Championship Games

Friday, December 18

Conference USA Championship Game – CBSSN

MAC Championship Game – ESPN

Pac-12 Championship Game – FOX

Saturday, December 19

Big 12 Championship Game – ABC

Sun Belt Championship Game – ESPN 2

ACC Championship Game – ABC

American Championship Game – ABC

Big Ten Championship Game – FOX

SEC Championship Game – CBS

Mountain West Championship Game – FOX or FS1

College Football Bowl Schedule

Saturday, December 19

Frisco Bowl – ESPN

Monday, December 21

Myrtle Beach Bowl – ESPN

Tuesday, December 22

Famous Idaho Potato Bowl – ESPN

Boca Raton Bowl – ESPN

Wednesday, December 23

New Orleans Bowl – ESPN

Montgomery Bowl

Thursday, December 24

New Mexico Bowl – ESPN

Friday, December 25

Camellia Bowl – ESPN

Saturday, December 26

Gasparilla Bowl – ABC

Cure Bowl – ESPN

First Responder Bowl – ABC

LendingTree Bowl – ESPN

Independence Bowl – ESPN

Guaranteed Rate Bowl – ESPN

Monday, December 28

Military Bowl – ESPN

Tuesday, December 29

Cheez-It Bowl – ESPN

Alamo Bowl – ESPN

Wednesday, December 30

Dukes Mayo Bowl – ESPN

Music City Bowl – ESPN

Goodyear Cotton Bowl Classic – ESPN

LA Bowl – ESPN

Thursday, December 31

Armed Forces Bowl – ESPN

Liberty Bowl – ESPN

Texas Bowl – ESPN


The 2020-21 NBA regular season begins on Tuesday, December 22nd with each team playing a 72-game schedule. The first half of the regular season schedule is expected to be released on December 1 when training camps begin. NBA preseason games will take place from December 11-19. The first half of the regular season will take place from December 22-March 4 with the All-Star break running from March 5-10. The second half of the season will run from March 11-May 16 with the Play-in Tournament taking place from May 18-21 and the NBA Playoffs running from May 22-July 22.

College Basketball

The 2020-2021 college basketball season began in November and will run through April when the NCAA Tournament is played. The month of December will feature all of the top teams in action, including Gonzaga, Baylor, Villanova and Virginia. Here are some of the marquee games in the month of December.

Tuesday, December 1

Michigan State at Duke – ESPN

Kentucky vs. Kansas – ESPN

Wednesday, December 2

West Virginia vs. Gonzaga – ESPN

Illinois vs. Baylor – ESPN

Saturday, December 5

Gonzaga vs. Baylor – CBS

Sunday, December 6

Villanova at Texas – ESPN

Tuesday, December 8

Creighton at Kansas – ESPN

North Carolina at Iowa – ESPN

Ohio State at Notre Dame – ESPN 2

Illinois at Duke – ESPN

Wednesday, December 9

Louisville at Wisconsin – ESPN

Michigan State at Virginia – ESPN

Sunday, December 13

Texas at Baylor

Wednesday, December 16

Duke at Notre Dame

Thursday, December 17

Kansas at Texas Tech

Saturday, December 19

Iowa vs. Gonzaga

Virginia vs. Villanova

Ohio State vs. North Carolina

UCLA vs. Kentucky

Tuesday, December 22

West Virginia at Kansas

Wednesday, December 23

Illinois at Penn State

UCLA at Oregon

Friday, December 25

Wisconsin at Michigan State

Saturday, December 26

Kentucky at Louisville

Monday, December 28

Maryland at Wisconsin

Tuesday, December 29

Pittsburgh at Duke

Wednesday, December 30

Virginia at Notre Dame

Thursday, December 31

Michigan at Maryland


December is an excellent month of boxing action with a number of title fights and the month will also mark the return of action for Canelo Alvarez who will be taking on Callum Smith on December 19. Here are the marquee fights to remember for December.

December 5 

Errol Spence vs. Danny Garcia for Spence’s IBF and WBC titles

December 12 

Anthony Joshua vs. Kubrat Pulev for Joshua’s WBA, WBO and IBF heavyweight titles

December 18 

Gennady Golovkin vs. Kamil Szeremeta for Golovkin’s IBF middleweight title

December 19

Canelo Alvarez vs. Callum Smith for Alvarez’s WBA “regular” super middleweight title and Smith’s WBA “super” super middleweight title.


The UFC has been extremely busy over the past few months, but it slows down a bit in the month of December with just three events. The big one will be UFC 256: Figueiredo vs. Moreno on December 12th. Here are the three UFC events for the month of December.

Saturday, December 5

UFC Fight Night: Hermansson vs. Holland – ESPN 2

Saturday, December 12

UFC 256: Figueiredo vs. Moreno

Saturday, December 19

UFC Fight Night: Edwards vs. Chimaev


The PGA Tour doesn’t have a lot of action in the month of December, but there are still two events, the Mayakoba Golf Classic and the QBE Shootout. There is also a golf event that is not part of the PGA Tour, the PNC Championship, which is an event where a golf major winner teams up with a relative. A total of 20 teams will compete in that event including Tiger Woods playing with his son.

December 3-6

Mayakoba Golf Classic

December 11-13

QBE Shootout

December 17-20

PNC Championship

European Tour

The European Tour concludes their season in the month of December with the DP World Tour Championship in Dubai from December 10-13. A number of top players will be in the field for this event, including point’s leader Patrick Reed. Here are the events on the European Tour scheduled in the month of December.

December 2-5 

Golf in Dubai Championship

December 3-6

South African Open

December 10-13

DP World Tour Championship


The LPGA doesn’t get a lot of attention in sports betting, but it will get a place on the December sports betting calendar with the U.S. Women’s Open taking place in Houston, Texas from December 10-13.

Formula One

The final two races of the Formula One season take place in the month of December with the Sakhir Grand Prix on December 6 and the Abu Dhabi Grand Prix on December 13.

Premier League

The Premier League continues in the month of December with Matchdays 11-16. The highlight of the month is Boxing Day on December 26 with six matches, including Arsenal taking on Chelsea. Here are some other marquee matchups for the month of December.

December 6

Tottenham vs. Arsenal 

December 12

Everton vs. Chelsea, Manchester United vs. Manchester City

December 15

Leicester City vs. Everton, Wolves vs. Chelsea

December 16

Liverpool vs. Tottenham

December 19

Everton vs. Arsenal

December 20

Tottenham vs. Leicester City

December 26

Arsenal vs. Chelsea, Leicester City vs. Manchester United

December 28

Everton vs. Manchester City

December 29

Manchester United vs. Wolves

Champions League

The 2020-21Champions League group stage will conclude in the month of December with Matchday 5 on December 1-2 and Matchday 6 on December 8-9. The Final 16 teams will be set and the Round of 16 draw will take place on December 14. 

Autumn 2020

The winter is coming, and this is a short news digest for those who — like us — were very busy at work. Here are the top ten events/developments for those who did not watch the news during the entire fall.

Bitcoin growth is, of course, a big event, but a dense fundamental background is even more meaningful. The total volume of open positions to buy and sell BTC on the Chicago Mercantile Exchange (CME) set a new record and exceeded $1 billion (since March, the volume has increased by 550%). Tether has released half a billion new USDT. According to surveys, more than half of American investors are willing to invest in Bitcoin. The SEC seems to be ready for ETF. Square (the company) has invested $50m in BTC. And so on.

The main current threat to the world is the widespread introduction of digital single-level fiat money. China, the United States, the European Union, Russia — all geopolitically important countries are actively preparing. That thing is a terrible monster that will be worse than the Fed, FATF, ubiquitous surveillance, and all the intelligence agencies of the world combined.

The United States continues to try to rule the world and control the crypto. The U.S. immigration and customs agency cooks the software to track finances, including cryptographic transactions. Managers of non-US exchanges are being arrested. The Five Eyes alliance wants backdoors to be embedded in all encrypted applications. The pressure is such that even the conformist pseudo-crypto Ripple is going to move out of the U.S.

But this bragging by the US looks pathetic. The main fortress of financial globalists has come to an end. The heads of the Fed and the IMF openly declare that the modern financial system does not work and a “new Bretton-Woods” is needed. The former head of the People’s Bank of China guarantees the de-dollarization of the global economy. The reputation of the mainstream media is over. The power of Facebook, Twitter, and Google is illusory. Half of US citizens do not recognize Biden’s legitimacy. This half is physically much stronger. While their share in the formally calculated US GDP is 43%, the share in real GDP, without financial and service fraud, is up to 85%. An average pro-Trump person is more dangerous than his opponent from SF or NYC. He has self-confidence, weapons, and material support for a long-term confrontation.

Now BitMEX, Deribit, and many others check both users and the origin of deposited bitcoins. Binance is accused of deliberately deceiving regulators. All such incidents end the same way. Exchanges have finally turned from the weakest link in the crypto ecosystem into an internal enemy. Bitcoiners need to try to switch to a closed cycle: earn in crypto and spend in crypto.

There are already 10,000 crypto-ATMs in the world. Almost three times more than last year. About 4/5 of them are in the camp of globalists, in North America and the UK (not surprising).

The latest FATF annual report on money laundering and terrorist financing focuses almost entirely on crypto. Its very content can be read as an instruction: “… transaction patterns – the deposited funds were immediately transferred to accounts of several VASPs (in one day) for virtual assets purchase (Bitcoin); Moving a VA that operates on a public, transparent blockchain, such as Bitcoin, to a centralized exchange and then immediately trading it for a privacy coin; Use of decentralized wallet…”

If you use the instructions from FATF, you will be unoriginal. Banks, it turns out, laundered 2 trillion USD lately, while MasterCard and Visa participated in masking the processing of casino transactions.

The Filecoin mainnet is finally running. Why is this important? Because this is the fourth of only four original economic and physical processes in the entire crypto, after Bitcoin, Ethereum, and curation-list tokens (ERR: Economically Responsible Ratings). Everything else in the world of crypto is either camouflaged crowdfunding tools or primitive digitization of traditional physical tokens (stake token, discount token, etc.).

The {BTC + ETH} pair remains the ideological core of crypto. While vulnerabilities are being discovered in LN, more than $1 billion worth of bitcoins is tokenized in Ethereum (the volume has increased five times since July). The hostile-to-BTC “alternatives” continue their shit-shows: BCH has had a hard fork again.

CryptoGames – An Utopia for the Ardent Crypto Gamblers

In this tech-savvy world, time and money are commodities that should be spent wisely. This is even more critical for the gambling industry, where a poor investment of time and cryptocurrency could incur huge losses. It is of paramount importance that a gambler invests his time and cryptocurrency wisely into the right online casino and thus attains maximum profit and entertainment. Nowadays the perfect trade-off for one’s time and money for entertainment and profit is difficult to find as efficient online casinos are rarely seen. CryptoGames, an elite gambling site, is the difference-maker in this dire situation as this online casino not only provides quality entertainment and massive profits but also delivers remarkable services that make online gambling a sublime escapade for its hordes of users. From the moment of its creation till now CryptoGames has continued to deliver its superior services and has gained the admiration and love of users from all corners of the globe. It has vowed to maintain its high quality and caliber for the years to come and thus become one of the best online casinos available in the world.

This great online casino has an elegant interface and mesmerizes all visitors on the site with its minimalist outlook. The site is completely devoid of distracting designs so that players can maintain uninterrupted concentration during games. The light interface of the site also means it is not resource-intensive and that users can access games from all sorts of devices. User accounts can also be personalized according to the user’s desire using options accessible under “Your account”. Effective communication between players on the site can be achieved through the chat box.
A major contributor to CryptoGames’ enormous success in the gambling world is its spectacular library of games which has drawn gargantuan numbers of gamblers to the casino. These zealous gamblers are overjoyed at finding these games because of the sentimental value attached to these old school games. Furthermore, these games are provably fair – signifying that CryptoGames will not tamper with results of bets and users can ascertain the outcome of the games themselves! Passionate gamblers of CryptoGames also profit from a very competitive house edge which has assisted the casino in attaining internet-wide recognition. It boasts the lowest house edge in dice with only 0.8%! The games that CryptoGames offers are – Dice, Slot, Roulette, Blackjack, Plinko, Minesweeper, Video Poker and Lotto.

Users of CryptoGames never have to worry about the protection around their funds as their cryptocurrency is safeguarded by the most resilient security features available on the internet. Protocols such as Two-Factor Authentication, SSL Encryption and Email Verification for fund withdrawal ensure attackers are unable to accomplish much even if they somehow infiltrate a user account. Even if atrocious hackers attack the casino directly they are thwarted again as user funds are stored in cold wallets. All of these superior protections set gamblers’ minds at ease allowing them to focus on their gambling passion.

CryptoGames also provides an effective and flexible withdrawal and deposit system that makes financial transactions super smooth and lightning fast. It accepts transactions done with a wide variety of coins that range from – Bitcoin to alternative cryptocurrencies such as Ethereum, Doge, Litecoin, Gas and Stratis.  The casino also provides “Play Money” – an experimental coin that can be used to implement a gambler’s different ideas and plans without affecting his funds. 

The gamblers of CryptoGames also partake in a multitude of fun events profoundly celebrated through the calendar year. Users all over the casino capitalize on these wonderful occasions to attain huge amounts of free coins, vouchers, lotto tickets and much more! CryptoGames also has handsome referral rewards and massive progressive Jackpots. Lastly the monthly, wagering contests hosted by CryptoGames allow gamblers to test out their gambling potential and win remunerative prizes in the process!  The top players of these events are given lots of coins and have no speed limit on dice bets till the end of the upcoming contest. They are also granted access to VIP chat channels and are given an exclusive VIP tag!

All of these services and features make CryptoGames the mammoth gambling site it is today. CryptoGames can act as a medium between a gambler and first-rate entertainment. A gambler can join this supreme online casino at a moment’s notice, as CryptoGames creates an account automatically upon the first visit to the site, and embark on a journey of eternal bliss and endless fortune.

Farewell, American Dream

Tomorrow’s presidential election in the USA can fundamentally change America and affect the world as a whole. The US will probably survive. But we can put a bold ending dot on the “American dream”. The American dream is dead. 

During the economic and ideological confrontation between the USSR and the USA, both countries developed rapidly, and the world existed in a manageable bilateral balance. During that time, mankind has acquired the foundations of all core current technologies: semiconductors, cybernetics, nuclear energy, satellite positioning. 

After the collapse of the Soviet Union, the USA became the number one military and industrial power. However, the rulers of the shining City upon a Hill decided to holiday, occasionally flexing muscles in Yugoslavia, Iraq, Afghanistan, Libya, Syria… The financiers who took the lead in the United States decided that they no longer needed industry, as it is possible to sell an empty-stamped dollar. The last time we saw the label “Made in USA” on consumer goods was in the 90s.

The US still holds the formal first place in military power, but it is impossible to check what kind of warriors Americans really are. In the 21st century, they never encounter an equal opponent, while we all saw their military on their knees in Iran.

Whether the US won the arms race against the USSR also remained a question. An “invisible” F-117 aircraft in Yugoslavia was shot down by the Soviet system built in the 1960s. Now the USA seems to own some advanced technologies but the epic failure with the adoption of a partially functional F-35 and other inefficiencies continue to push the U.S. military budget up. For 2020, it is $649 billion, while Russia’s budget is just $67.5 billion. Nevertheless, according to the Global Firepower analytical company’s rating, Russia is losing only a few percent in terms of military power.

Despite the PR by Elon Mask, the US has lost space exploration to China, which is now ahead with 27 successful launches in 2020, while the USA has 25.

The end of the technological race of the superpowers has allowed other countries to catch up. Several nations are already capable of causing unacceptable damage to the US. This fact, multiplied by exorbitant military spending, has forced the US to curtail its presence in the world, which has led to a loss of political weight. Even NATO member, Turkey, no longer listens to the funny hollos from Washington, which seemed incredible in the 90s.

For many decades, the United States has had the image of a country of opportunity, the home of the American Dream, where everyone can get rich by showing their talent. 

We should look up to the creators of this image. In the absence of global media, in the 20th century, the United States managed to attract many immigrants with a good education. This image was maintained until last year. Many Russians, Chinese, and Indians considered themselves lucky to get a green card. Since recently, the number of highly educated foreigners living in the United States has been decreasing. The poor performance of American medical care system in 2020 strengthened the flow of returnees.

The financiers who came to power in the USA decided that it was not necessary to support the Welfare state, because the ideological opponent, the USSR, which was the reason to introduce this concept in the first place, collapsed. The middle class is no longer necessary so the financial elite can put an extra dollar in their pocket. The stratification of American society and inequality has increased dramatically. Look at the Gini coefficient chart:

It skyrocketed in the early 90s and by May 2019 it had reached 0.482 points, exceeding the internationally accepted “safety line” of 0.4. 

Reports of the Special Rapporteur on extreme poverty and human rights state that the US has the greatest income gap among all Western countries. 40 million Americans live in poverty. 18.5 million live in extreme poverty. Almost half of American households are in financial difficulties. The income of the poor is not enough to meet basic needs such as food, health care, housing, childcare, and utilities. Not surprisingly, the “BLM population” believes they are poorly fed.

How can we forget the “democracy” that the United States has sown all over the world with fire and sword? The most democratic elections in the most democratic country have not yet taken place, but both presidential candidates are already preparing to question the results. With the background Amy Coney Barrett scandal, we should also be nervous about the core democratic principle: the independence of different branches of power.

How about “freedom of speech”? Where has it gone? The New York Times fired an editor for allowing a Republican Senator to publish an article! There are hundreds of similar examples. The notorious American tolerance is also a sad story. A man can be beaten up just for a red “MAGA” on his head. 

Tomorrow starts the presidential election process that will not end with all votes counted. The accumulated contradictions will grow, and the day after tomorrow America will become a former America. 

We will never see the good old America again. In the shining City upon a Hill, consciously or unconsciously, the extra light will go out. Let us grant the remembrance to the passing era of the USA with a kind word.  

Up to 200,000 USDT in Prizes Await in SnapEx World Trading Championship Season 2 (WTC 2)

The most exciting crypto trading competition series from SnapEx is back! World Trading Championship Season 2 (WTC 2) is upping the ante with a prize pool of up to 200,000 USDT for a maximum number of 500 winners.

WTC 2 is based on the entirely new tiered competition format created specifically for traders on the SnapEx platform. Its prize pool will dynamically increase as the number of participants increases. And the total number of participants that will win prizes will also increase accordingly.

The schedule for WTC is divided into two separate periods. First is the early bird and team registration period, which starts on 8th September 2020 and ends on 22nd September 2020. Meanwhile, the actual competition is scheduled to happen from 22nd September 2020 to 6th October 2020 – a total of 14 days.

Early Bird Promo

WTC 2 has a special team-based trading event called Best of the Best, where winning teams can get a chance to win a share of up to 71% of the total prize pool. To incentivize teams to join this event, there will be an Early Bird promo in place to give away bonus rewards to qualified competition participants. 

As part of the Early Bird promo, SnapEx will reward the first 50 teams to register with 10 or more members during the specified early bird registration period. The reward for team leaders is 50 USDT each, while all team members of qualified teams will receive 10 USDT each.

To qualify for the early bird rewards, all team members must have a minimum of 50 USDT in their account balance at the start of WTC 2. That includes team leaders. SnapEx will credit the USDT bonuses on the first day of WTC 2.

The Early Bird promo registration period starts on 8th September 2020 and ends on 22nd September 2020.

WTC 2 Trading Events

The Best of the Best (Team) event is a competition to find out which team can come up with the overall most profitable trades. The top 10 teams will win up to a total of 71% of the competition’s prize pool.

The Pro Trader (Individual) event will reward the top traders based on individual profit every single day, as well as at the end of the competition. Up to a total of 19% of the prize pool will be given to the competition’s top individual traders.

The Most Wanted (Popularity) event is geared exclusively towards Team Leaders of competing teams. Up to a total of 10% of the prize pool will be rewarded to the top-performing Team Leaders who successfully invite traders to join the competition. 

All of the events in the competition will be based on Real account trading only. And only profitable trades will be taken into account for the calculation of winners per category, so any losses incurred in any trades will not affect the results.

First-time deposit giveaway

During WTC 2, SnapEx will also give away bonus rewards for all first-time depositors who have completed KYC.

Up to 3,000 SNAP points (equivalent to 30 USDT) will be given out based on the following criteria:

  • Deposit ≥ 100USDT will be given 500 SNAP
  • Deposit ≥ 500USDT will be given 1500 SNAP
  • Deposit ≥ 1000USDT will be given 3000 SNAP

Users will simply need to fill up a required form to be eligible for the first-time deposit bonus. All SNAP points will be credited to eligible user accounts 7 working days after the end of the competition.

How to Join

Download the SnapEx app or go to the SnapEx website with Web trader to sign up for a SnapEx account. Once you have completed the sign-up process, complete KYC, make your first deposit, and make your first trade. 

A minimum total trading volume of 20,000 USDT is required of all participants in order to qualify for WTC 2. You can find out all of the competition’s mechanics, rankings, and rewards details by visiting the official competition website at WTC.SNAPEX.COM.

Is Six-Figure Bitcoin Just a Dream?

Bitcoin is by far the best performing asset of the decade, but if you ask the average man and woman on the street, they know next to nothing about it. A few may have vague memories of Bitcoin’s parabolic rise in 2017 and its subsequent spectacular crash, but that’s about as far as the general public’s knowledge goes. As far as most people are concerned, Bitcoin is dead.

Yet, investors, developers, and commentators in the cryptocurrency space think differently. After Bitcoin’s recent halving event, which saw the numbers of new Bitcoin’s mined in each new block cut in half, sentiment has turned extremely bullish, and more than a few crypto analysts and traders are spouting price predictions well into the six figures. Bitcoin continues to have many use cases including online gambling at sites like, which will likely help drive the price higher as real-world utility develops.

Max Keiser Predicts $400k Bitcoin

Max Keiser needs no introduction to Bitcoiners. The host of RT’s Keiser Report, a popular alternative financial TV program, is a folk hero in the Bitcoin community and is one of Bitcoins’ strongest advocates.

He’s also a Bitcoin perma-bull, meaning he’s incredibly optimistic about the world’s most popular cryptocurrency. In February 2020, Keiser predicted that Bitcoin will surge to $400k. This is undoubtedly one of the most bullish predictions for Bitcoin.

Why should new Bitcoiners take Max Keiser seriously? He’s been advocating for Bitcoin since it was $1 per coin, and many of his most outlandish previous price predictions are now Bitcoin history. Will he be right again? Time will tell.

“I am officially raising my target for Bitcoin – and I first made this prediction when it was $1, I said this will go to $100,000 – I’m raising my official target for the first time in eight years, I’m raising it to $400,000.” – Max Keiser

The Stock to Flow Prediction Model

Keiser is not alone in believing that Bitcoin will reach incredible heights. A pseudonymous financial analyst who goes by the Twitter handle Plan B has created a huge following around his Stock-to-Flow price prediction model.

The S2F model, as it is popularly called, attempts to forecast Bitcoin’s future price based on the ratio of new supply compared to the existing supply. Because of how Bitcoin is designed, the new supply will tighten every four years, giving it a higher stock to flow ratio than even gold.

If the S2F model is correct, Bitcoin will surpass $100,000 sometime in 2021. It could reach valuations far higher before correcting, according to the model.

The First Major Use Case: Bitcoin Online Gambling Sites

Ultimately, Bitcoin will only succeed if it is used as a currency. One of the first use cases for Bitcoin, which remains relevant to this day, is online gambling. Since Bitcoin is fast, permissionless, and relatively private, online gamblers have always found it appealing, especially in countries with restrictive online gambling laws.

Bitcoin casinos like are growing quickly and are beginning to take on larger, more established operators, who can’t use Bitcoin due to regulatory restrictions. While these large operators have almost unlimited marketing budgets, they can’t offer the benefits that Bitcoin gambling sites can. 

What are those benefits?

  • Bitcoin casinos often offer bonuses of up to 5 BTC. If you work that out in GBP, it’s approximately £44,000. Regular casinos can’t compete with that, although these bonuses are released in stages rather than all at once, so they’re slightly different.
  • While some payment methods, such as credit cards, will restrict or block online gambling transactions, BTC payments will never be blocked. It’s permissionless money, meaning you can use it for any purpose you want, just like cash.
  • Bitcoin casinos also offer faster payouts. With a verified account, you could have your winnings on the same day you request them. Because of strict KYC/AML regulations, mainstream casinos can take days or weeks to pay your winnings. 

Will Bitcoin gambling continue to grow? There are signs that it will, especially if Bitcoin grabs headlines once again because of a parabolic price rise. However, it faces certain challenges, too.

  • Bitcoin won’t be accepted at regulated online casinos in the UK, Sweden, and elsewhere until cryptocurrency regulations are crystal clear in these countries. It’s unclear when this will happen. For now, it’s accepted at crypto casinos like
  • Bitcoin’s price is notoriously volatile. With a larger market cap, this might level out, but the rollercoaster ride is still enough to scare many players away.
  • Bitcoin isn’t the most user-friendly technology. It has a long way to go in terms of UX, scaling, and being easy enough to use for everyday people who aren’t interested in technology.

Despite these challenges, it’s almost certain that if some of the more bullish price predictions mentioned above are correct, Bitcoin gambling will grow even larger. As players will go “risk-on” in an attempt to win more bitcoins and benefit from the parabolic price rise, should one occur. If a six-figure Bitcoin does become a reality, Bitcoin gambling sites will certainly benefit.

Other Bullish Price Predictions & Reasons

As we said earlier, the sentiment is bullish in Bitcoin-land right now, and while the two predictions above are some of the most bullish, they are by no means the only ones.

  • Simon Dedic, the cofounder of Blockfyre, sees Bitcoin reaching $150k at some stage.
  • Popular trader Theta Seek (Twitter Handle) sees Bitcoin at $100k if 10 million global investors spend an average of $9 per day to buy up the new supply.
  • Mark Yusko, CEO of Morgan Creek, claims that Bitcoin could “easily” reach $100k or more in 2021 or 2022.

What are these bullish price estimations based on? Several factors.

  • Bitcoin experienced its third halving on May 11th, 2020, tightening the new supply of coins. This happens every four years.
  • NASDAQ-listed business intelligence firm Micro Strategy recently announced that it would put $250 million into Bitcoin, making BTC its primary treasury asset.
  • Central banks are on a global money-printing binge in an attempt to provide support to economies battered by the effects of COVID-19.
  • Recent data suggests that 60% of BTC has not moved in more than 2 years, suggesting that more and more people are HODLing their coins for the long haul.

All of these factors combine to paint a bullish picture for Bitcoin, hence the current market sentiment of those closest to the crypto industry. Why not try to win some at today? If a new bull run is really upon us, your jackpot could increase significantly in value.

Deciphering New Reserve Currencies Map: Putin Absorbs Scandinavia but Leaves the Germans Behind

Russian Bitcoin, Chinese Bitcoin, American Bitcoin, etc. Eight National Bitcoins Come to Replace the Dollar

2020 is three quarters in. Battered with people, Trafalgar Square is heeding the speech about reptilians. The Germans are storming the Reichstag, chanting “Putin”. What is going on? 

The real chaos is always about big money. The dollar has almost ceased to be the world’s major reserve currency. This is not an idle doubt, the matter has moved to a practical level. So, as the sweet spot is never empty, what will replace the USD and how?

A) Five Broadly Discussed but Unlikely Scenarios

A1) There will be no dominant reserve currency or reserve currencies at all. 

In a fully computerized economy, they are not needed. All calculations can be performed on-the-go in an unlimited number of scales, with the necessary accuracy. Unfortunately, because this scenario is technically the only correct one, it is precisely the one to not being implemented.

The world would only accept a healthy hybrid of the past and the future. According to Popper, one refuting fact is enough for the theory to be discarded as useless. However, that never happens in practice. When the dollar dies, this stubborn fact will be fought and then ignored until a whole generation of relevant professionals has physically retired. Therefore viable constructions in the field of new reserve currencies must avoid “pure innovation”.

A2) Libra 

We mention this scenario only because if you duckduck the topic being discussed, Mr. Carney’s trolling will surely pop up.

A3) Return to gold

Despite the active buying up of gold by some large countries, one can never enter the same river twice.

A4) Bitcoin

For today, we have to admit that Bitcoin was a historical false start. The place of the global reserve currency is not yet vacant, and Bitcoin is already over-concentrated in the hands of a few people and has already been compromised for a global role.

A5) Digital RMB (yuan) 

China remained within the borders of Tianxia for thousands of years for a reason. The Chinese are not able to formulate their development ideas for anyone to understand outside of China. The “American dream” was once quite an exportable concept, while the “Chinese dream” sounds absurd from the very beginning. Besides, the U.S. will take any irrational steps and lie down in dead bones if needed to not allow that.

B) Multipolar Set of Reserve Currencies

The world lacks fools for this scenario to pass.

First, being an issuer of a reserve currency is very burdensome if there is no revenue from the hegemonic power effect (see Triffin’s dilemma).

Second, when the currency of one country, say the Brazilian real or the Indian rupee, tries to carry out a direct monetary expansion, it only irritates the neighbors and hinders success on other foreign policy fronts.

But most importantly, becoming a reserve currency in the modern world inexorably requires digitizing your national currency (as is already happening with the Chinese yuan). This is extremely dangerous for any society other than open, transparent authoritarianism. All economically strong countries at the moment (except China) are essentially theocracies (the power of hidden elderly “clerics” who obey a muddy set of dogmas), following the formal laws of ochlocracy (universal suffrage), and at the same time brazenly calling themselves democracies (the power of economically and culturally useful citizens). But if a council-of-elders-run China can survive this, a pseudo-ochlocracy like the USA, UK, Germany, or Japan can’t. Digitization of the national currency is, in particular, direct interaction between the Central Bank and citizens. This threatens the entire commercial banking industry and concentrates too much power in the hands of financial officials.

С) The Derivative Option

Last but not least. The most probable is a fundamentally supranational option: the reincarnation of “special drawing rights” (SDRs). The reason why this scenario will be implemented is that all the actors in the game need to buy time.

This has already been the case. On August 15, 1971, President Nixon suspended the free conversion of dollars into gold. It never resumed. On December 17 of the same year and on February 13, 1973, the first and the second devaluations of the dollar against gold took place. At this point, the Bretton Woods epoch can be considered complete. As soon as in March 1973, the Jamaica Accords — based on freely floating exchange rates — was officially launched and the reorganization was completed by 1978.

When mass media describes the changes that have occurred, it is usually said that the “gold dollar” gave way to the “petrodollar”. But this is not quite true. At first, SDR issued by the IMF were formally declared the world money, while the dollar became only one of the reserve currencies (along with the British pound, Swiss and French francs, the German mark, and the Japanese yen). Only a few years later, the U.S. dollar, as conceived by the architects of the smokescreen, has become the main currency of international settlements and government reserves, and Washington has, in reality, got the opportunity to issue dollars without association with any external indicators. As it seemed back then, it could be limitless. 

However, this time the supranational option may take a foothold. 

For example, a prototype has already been implemented for the Eurasian Economic Community (EAEC) zone and its geopolitical vicinity. It is called Russian Bitcoin. 

Russian Bitcoin

The same scenario is offered to all other economically self-sufficient territories of the planet. According to the group of enthusiasts authoring the National Bitcoin project, there are 8 of them. 

The project site is quite verbose, and there are many details. We will try to highlight the essence.

Russian bitcoins are created with the help of Bitcoin Core protocol with the following changes:

  • Edwards-curve Digital Signature Algorithm (EdDSA) that exploits the Ed25519 signature scheme
  • SHA3-512 is used to generate digests when signing transactions and messages; SHA3-256 is used in address generation
  • Smooth emission curve; emission adapts to sudden changes in the network hash rate

The essence of the idea is that 18,347,513 Russian bitcoins (~87% of all)  are created with block 1 and are being evenly distributed among all residents of the territory.

A special hardware-specific application with a built-in “physical CAPTCHA” function creates the address and corresponding private key for the applicant to receive RUBTC due. The CAPTCHA is based on proximity alerts with fellow-users via Bluetooth but unlike contact-tracking software, the app uses no personal data such as name, e-mail, phone number, etc. 

Yet-undistributed Russian bitcoins are strictly excluded from circulation. As the distribution halts on the specified date, the unclaimed Russian bitcoins will be randomly distributed among general delivery accounts attached to active social network accounts.

Baseline Economic Logic of Russian Bitcoin 

Although no official infrastructure is involved to issue and maintain Russian bitcoins, anyone (including governments) can buy them and influence the amount in circulation. 

These days, governments distribute “helicopter money”: the national currency is allocated to certain categories of people. Giving money in return for the corresponding amount of Russian bitcoins makes the same sense for citizens but, as a result, the government has more than just the records of transactions. National Treasuries acquire “digital gold” they can use in foreign trade and as a collateral for a new issue of fiat money. 

Emission of fiat money backed with Russian bitcoins is a coordination game, an algorithmic seigniorage. The ability to automate moves in this game increases the seigniorage outcome. This is nothing new. However, since conventional unsecured currencies have low credibility, Russian Bitcoin (and other National Bitcoins) constitutes a reputational gain. 

Unredeemed Russian bitcoins remain in the hands of citizens and receive a market valuation, which can be influenced by conventional instruments such as timely interventions and regulation of private trades. The gradual increase in the popularity of this tool will ensure the return of the government’s costs at the initial stage. 

Governments can sell Russian bitcoins and encourage the transfer of household assets from foreign and conventional cryptocurrencies to the tool more useful for the domestic economy.

Governments can also buy Russian bitcoins from those foreigners who were eligible to receive it, making certain preferences in price. National currency gets some additional international circulation. This may reduce the negative impact of the deficit of conventional foreign exchange reserve assets.

Thus, peoples of the economically self-sustained territory (half of Eurasia) issue a finite amount of money and allow governments to buy it from them. As governments compete, not financial moguls and speculators, a competitive regional reserve currency is formed. Residents of more productive territories get a higher price for their reserve currencies.

Great for Nations: Public Monopoly on Money

Just because the source of all value in the world is people and what they do plus natural resources (which belong to the people), the only source of money (and, consequently, power) is the people, not presidents or governments. Despite being written down in most modern constitutions, this obvious principle is never actually implemented. Russian Bitcoin might really be creating a mechanism where the only source of money is people themselves!

Since national bitcoins are pre-distributed among all people, those who would typically take advantage of the proximity to the money printer get no privilege. Only after all the money is in people’s hands, governments can buy it back to allow for monetary multiplication and the creation of flexible monetary aggregates. This way, regular out-of-thin-air money serves the people because now everyone participates in profit-sharing. The credit leverage is now in the interest of all people, not only first-line bankers.

While each National Bitcoin territory consists of several countries and is self-sustainable, a single national government is not something irreplaceable or unique. Therefore, each government has to prove its monetary effectiveness.


via Medium