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Key Takeaways From Jordan B. Peterson’s Podcast With The Bitcoiner Book Club

On the last instance of his weekly podcast, Prof. Jordan B. Peterson invited four Bitcoin philosophers who meet regularly for a Bitcoiner Book Club. "The evolution of money… has been to try to find something that mimics our limitations, that mimics the sacrifices we make when we bestow value on something." – @johnkvallis A deep […]

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On the last instance of his weekly podcast, Prof. Jordan B. Peterson invited four Bitcoin philosophers who meet regularly for a Bitcoiner Book Club.

John Vallis: Bitcoin makes you more responsible

Die-hard Bitcoiners often say that Bitcoin made them figuratively fall down a rabbit hole. Peterson wanted to know how this psychological transformation looks like. John Vallis, host of the Bitcoin Rapid-Fire podcast, had an answer, likening the psychological effects to Peterson’s teachings:

A lot of things you talk about are represented in the changes we’re seeing in people who engage in Bitcoin. What I’ve noticed in people in Bitcoin is that it rapidly accelerates this change toward taking more responsibility.

Vallis expects this heightened sense of responsibility to spill over into other areas of life. He goes on to explain that this change is reflected in a change of time preference, as well as creating a new way to think about ownership: 

It’s an extreme form of ownership that is not represented in any other domain of life. It’s an inherent property right.

Although Peterson doesn’t see himself as part of the wider crypto community, this point made him curious. He proclaimed:

It’s a very interesting idea that, in some manner, Bitcoin provides an incorruptible language of value, preferable to gold. [But first], you need to buy the argument that gold is preferable to a currency that is not dependent upon something like gold.

Richard James: Ethics can be derived from Economics

Next up was filmmaker Richard James, who created the documentary Hard Money. He explained what he learned from the philosophical theory of the Austrian School of Economics, also dubbed the psychological school.

There’s a certain way of thinking in Austrian Economics called Praxeology, which is about human action and analyzing the way people pursue [their goals]. From that, we can draw a whole lot of deductions […] that lead you down an ethical framework as well and that’s where I guess your own work came into it.

As a psychology professor and author, Peterson also gives moral guidance, such as in his book 12 Rules for Life. He stated to be interested in Austrian Economics himself and to explore this philosophy further in upcoming podcast episodes. 

Robert Breedlove: Inflation is a corrosive moral Cancer on Society

Robert Breedlove, a former hedge fund manager and host of the What is Money? Show, explained the interplay between economics and ethics in more detail. He stressed the importance of a monetary system based on scarcity:

Money is essentially a contract of the future and today’s fiat currency is a violated social contract. So we have a money [system] by which an institution effectively robs our future. They’re compelling the demand for this money and they’re violating its supply to enrich themselves and dispossessing everyone else.

He likened central bank induced inflation to a social disease that takes over all aspects of society. As examples, Breedlove referred to the website wtfhappenedin1971.com, which shows a compilation of graphics that show impressively the effect the worldwide abandonment of the gold standard had after 1971. He explained:

if we don’t have a secure social contract for the money system, we can’t possibly have a foundation for a sound social morality. It causes people to be more short-term thinking. When your money doesn’t hold value over time, you can’t create trusting long-term relationships.

Gigi Der: Bitcoin made Digital Scarcity possible

The fourth member of the Bitcoiner Book Club on the podcast was Gigi Der, Bitcoin coder and author of 21 Lessons: What I’ve Learned from Falling Down the Bitcoin Rabbit Hole, who took a more technical approach. He talked about the hardships we had to overcome to create a sound digital money system that ensures scarcity similar to gold and silver:

It’s a problem computer scientists tried to solve for I guess 50 years plus. If you want to have something in the informational realm that represents value, it’s basically impossible because you can copy information indefinitely and that’s what’s described by the double spend problem.

He moved on to elaborate how crypto assets change the way we perceive ownership:

Gold coins for example speak for themselves, like whoever has the gold coin is in possession of this value […] and can go to society and redeem it. In the digital realm, doing that without any trusted third party before Bitcoin was impossible because of this double spend problem.

In total the discussion between Prof. Peterson and the four Bitcon philosophers lasted for almost 90 minutes. Therefore, we can only give you a short outline of the podcast, which is highly recommendable to watch in its entirety. 

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Source: https://cryptocoin.news/news/key-takeaways-from-jordan-b-petersons-podcast-with-the-bitcoiner-book-club-57629/?utm_source=rss&utm_medium=rss&utm_campaign=key-takeaways-from-jordan-b-petersons-podcast-with-the-bitcoiner-book-club

Blockchain

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

Rate this post MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA. Past Performance On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76. https://www.tradingview.com/x/UKThRKwE/ MIOTA Technical Analysis At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal. The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token. The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength. Day-Ahead and Tomorrow  As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46. On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

The post MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily appeared first on Cryptoknowmics-Crypto News and Media Platform.

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MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA.

Past Performance

On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76.

TradingView Chart

MIOTA Technical Analysis

At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal.

The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token.

The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength.

Day-Ahead and Tomorrow 

As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46.

On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

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Source: https://www.cryptoknowmics.com/news/miota-technical-analysis-trading-above-the-support-level-of-1-41-tested-the-level-twice-daily/

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Blockchain

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

Rate this post According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature. Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it. Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network. The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%. Past Performance of SC SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level. On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%. Source – Tradingview SC Technical Analysis At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall. Source – Tradingview The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through. In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months. As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080. The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure. Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend. Day-Ahead and Tomorrow As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

The post SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run appeared first on Cryptoknowmics-Crypto News and Media Platform.

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According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature.

Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it.

Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network.

The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%.

Past Performance of SC

SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level.

On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%.

SC Technical Analysis

At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall.

The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through.

In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months.

As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080.

The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure.

Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend.

Day-Ahead and Tomorrow

As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

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Source: https://www.cryptoknowmics.com/news/sc-technical-analysis-hold-through-the-fall-for-upcoming-bull-run/

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AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

Rate this post Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX. Past Performance On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16. https://www.tradingview.com/x/Vj8ZU6nE/ AVAX Technical Analysis At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead. The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range. Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout. The OBV indicator has broken its downtrend and picked up an upward trajectory. In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal. Day-Ahead and Tomorrow Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels. On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26. Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

The post AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX.

Past Performance

On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16.

TradingView Chart

AVAX Technical Analysis

At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead.

The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range.

Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout.

The OBV indicator has broken its downtrend and picked up an upward trajectory.

In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal.

Day-Ahead and Tomorrow

Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels.

On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26.

Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

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Source: https://www.cryptoknowmics.com/news/avax-technical-analysis-price-is-likely-to-rise-above-the-50-fib-resistance-level/

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