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Sorry pleb, Elon Musk is really your ‘Dogefather’

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The following is a guest post by Justin O’Connell from GoldSilverBitcoin.com.

You’re wrong. Elon Musk isn’t joking when it comes to Dogecoin. This misconception is perpetuated on social media, in the mainstream press, and even in Telegram chats. As Billy Bambrough stated (emphasis mine): 

A long-time supporter of dogecoin, Musk has this year fully embraced the somewhat satirical cryptocurrency that was created in 2013 as a “joke,” issuing calls for upgrades and promising his rocket company SpaceX will put a “literal dogecoin on the literal moon.

It’s not only a joke! Elon Musk’s Dogecoin strategy is to become the Dogefather. His Dogecoin tweets are not mere mischief. He tweeted about adopting a Shiba Inu, because he is going to soon be known as earth’s Dogefather, if not the galaxy’s or even the universe’s.

Musk is ready to be a dogefather…

Bitcoin has Satoshi. Ethereum, Vitalik. Dogecoin had nobody. Now it has Elon Musk, who recognized a clear power vacuum in the dogecoin community and began floating himself out there on social media as ‘the dogefather.’

This shouldn’t come as a surprise to you. He has openly stated his master plan to become a dogefather, and your resistance is futile. He has tweeted dozens, if not hundreds, of times about it. Don’t shoot the messenger. Meme for yourself: 

“I’m trying to tell you dogecoin is money,” the meme Musk tweeted, reads; a twist on a popular Matrix movie quote that asks whether dogecoin could make someone “a lot of money.”

The billionaire’s affections for dogecoin are no secret to anyone in the cryptocurrency community, and the mainstream public probably has sense of it too by now. He has called Doge “my fav cryptocurrency”, “pretty cool”, “underestimated”, “the people’s crypto”, and “the most fun crypto.” He’s even GIFTING DOGE to his family—sometimes to their chagrin.  

As Elon heralded Dogecoin as a potential international internet currency, he criticized Bitcoin, calling it “almost as bs as fiat money”, “ancient crypto”, and “arguably deflationary to a fault.”

This did not win him any fans amongst Bitcoin maximalists or any of crypto’s true believers for that matter. Neither did Tesla’s suspension of Bitcoin payments, which the electric vehicle company did whilst citing environmental concerns. Musk, nonetheless, has held conference calls with Bitcoin miners and seems to remain interested in the world’s first cryptocurrency. 

When Dogecoin went to SNL

Musk took his act from Twitter to Saturday Night Live. Dogecoin naturally came up. During the news show parody “Weekend Update”, Musk, who was introduced as a cryptocurrency expert named “Lloyd Ostertag,” explained cryptocurrency. Hosts Michael Che and Colin Jost confusedly and repeatedly asked him, “What is Dogecoin?”

Finally, a light bulb went off in one of the host’s heads. “So it’s a hustle,” Che astutely said after Musk noted that Dogecoin began as a joke, but is still going to the moon. 

I am here to tell you that Elon’s precious attention is not on Dogecoin only for fun. His hustle is to become the Dogefather, and he has told you as much, but it went over your head. Object now or forever hold your peace, humans! Musk is making moves. In the episode’s final sketch, Musk quipped about creating a currency based on “whatever I say.”

Voila! And just like that Musk has brilliantly solved one of the most difficult hurdles to starting a cryptocurrency: network effect. The most difficult part about establishing a new token is creating a community that grows and adopts the currency or token for a use other than the network effect. Ask Steve Wozniak, whose WOZX token is no Dogecoin pre-Musk—let alone after—despite Woz’s profile. 

Dogecoin’s enthusiastic community has seemingly taken well to the self-anointed leader. Musk has had at least one conference call with the Dogecoin developers, who have not made statements distancing themselves from the billionaire. Let’s assume, then, a good rapport. Therefore, Musk is already our Dogefather.

So, what’s he going to do? It’s obvious. He is going to create a smartDOGE. He is even already talking about it publicly. During the Crypto Council for Innovation’s ₿ Word event, Musk expounded upon ideas that had previously been floated to upgrade Dogecoin via Ethereum to “max transaction rates and lower transaction costs.”

Musk adds: 

“There may be some merit in combining something like Ethereum and Dogecoin.” 

What must be forthcoming is a Musk-led Ethereum-inspired Dogecoin: smartDOGE. “Bitcoin by itself simply cannot scale to become the monetary system for the world at base layer,” Musk said. Bitcoin won’t become peer-to-peer cash without the help of a second layer network, he reasoned. 

“There’s some merit in considering something that has higher max transaction rate and lower transaction cost and seeing how far you can take a single-layer network with exchanges acting as a de facto second layer,” Musk said. “I think you could take that further than people realize and as bandwidth increases over time latency decreases.”

I can almost imagine Elon mouthing the words to himself while he sets up a Dogecoin rig with his children: “World, I am your Dogefather.”

Ah, the magic of thinking big…

Guest post by Justin O’Connell from GoldSilverBitcoin.com

O’Connell is founder of GoldSilverBitcoin.com, a two-way market for precious metals and bitcoin.

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Source: https://cryptoslate.com/sorry-pleb-elon-musk-is-really-your-dogefather/

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4 punti Ask Yourself when you are angry al tuo Guy

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Noi-tutti have crazy al tutti i nostri uomini frequentemente, ma occasionalmente è generalmente anche peggiore rispetto agli altri. Potresti pensare quale lui è oltre a danno a te o sei ottenere anche doloroso e sensibile, ma spesso è solo tanto lui com’è tu. Tuttavia potresti sentire che i ragazzi sono semplicemente insensibili, è quello che preso qualunque cosa il ragazzo menzionato completamente sbagliato?

Poco prima entrare un knock-down-drag-out battaglia, potresti volere attentamente cosa veramente andato errato. Se trovi che sei pazzo con lui e anche tu desidero realizzare un po’ di valutazione, può effettivamente ripagare. Questo può aiutare noi al fine di evitare numerosi partite potrebbe anche permettici di osservare circostanze dimostrabilmente. Quindi prendi un passo indietro, fai un buon respiro profondo, e chiedi te stesso queste preoccupazioni la prossima volta sei crazy at the man!

1. Did the guy really mean it just how I preso? I ragazzi sono davvero letterale creature e le donne sono molto mentale creature. A volte ottenere due incontrarsi al centro non è sempre semplice. Devi pensare se il ragazzo veramente significato esattamente come lui è arrivato fuori, o se tu stai verificando altro assorbito. Comunemente uomini answer una preoccupazione o solo rispondere a qualcosa senza fornire circostanze molto pensiero. Se lo desideri assicurati se sei matto con lui o forse no, prendersi cura di consideralo ed estremamente esaminare se lui significato {il modo in cui|il modo in cui|l’hai ottenuto.

2. In realtà è lui un fantastico ragazzo spesso e questo è isolato incidente? A volte potrebbe aver sperimentato un terribile ora, in cui lui prende it per te. Se il ragazzo sente fuori controllo o infastidito allora lui potrebbe clic contro di te, e può essere un incidente isolato. Se è un piacevole uomo spesso, poi tagliato lui un po ‘di flessibilità. Tutti fa errori e questo è probabilmente loro creare, così potresti dover lasciarlo slip. Se lui è di solito davvero in traccia verso sentimenti e si preoccupa di te significativamente, potrebbe essere probabilmente varrà moving last in conclusione.

3. Really does the guy ha una routine di danneggiare mio personale emozioni o eseguito lui solo rispondere a qualcosa? Sii onesto nel tuo valutazione proprio qui da questo in realtà importa dentro grande immagine. Se lui il tipo esattamente chi influisce i tuoi sentimenti tipicamente successivo cioè una motivo sufficiente per essere sconvolto con lui. Se lui è solo rispondere a te o se lui spesso un benefico uomo allora puoi certamente trascurarlo. Se tuttavia lui uno schema di danneggiare le tue emozioni o piazzare suo personale base, avrai bisogno possedere molto di più significativo dialogo.

4. Was I being also painful and sensitive o critico, o forse è tutto questo giustificato? Devi effettivamente avere un senso per quando è tu o se forse è davvero lui. Chiediti davvero se dovresti esserlo diventare anche critico o rapido per rispondere, o se è garantito. Occasionalmente possiamo rispondere e guardare dopo era assolutamente important. Trascorri un po ‘di tempo per in realtà guarda questo e probabilmente varrà passare rapidamente che ogni cosa iniziato in l’iniziale destinazione.

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Blockchain

Bifrost (BNC) Trading Starts October 26 – Deposit Now

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We’re thrilled to announce that Kraken now supports Bifrost (BNC)!

  • Deposits and withdrawals are available starting now. 
  • Trading will begin October 26 at approximately 15:30 UTC.

Note: Trading is not available to residents of the USA, Canada, Australia and Japan.

What is Bifrost?

Bifrost provides staking liquidity to anyone accessing its network. This means token holders can stake any cryptocurrency, such as DOT or ETH, on the Bifrost platform and receive a vToken of equal value (vDOT or vETH), allowing them to access decentralized finance applications while still receiving staking rewards.

Will I receive BNC for contributing to the auction?

What time will funding and trading start?

Deposits and withdrawals are live! Trading starts on October 26, at approximately 15:30 UTC. 

Trading pairs for BNC

  • BNC/USD
  • BNC/EUR

How to deposit BNC

  1. Navigate to Funding and click on Deposit. You can find the asset either by locating it in the list or by searching for “BNC.”
  2. Click “Deposit” next to BNC and follow the on-screen instructions.

Confirmations required before deposits credit

  • 25 (about 4 minutes)

Trading minimums

  • 1 BNC (price precision $0.01 / €0.01)

Fees and funding minimums 

Which services will be available for BNC?

Available

Not (yet) available

Will Kraken list more assets?

Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future. 

Trade with caution

Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).

Invest with caution

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

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Source: https://blog.kraken.com/post/11639/bifrost-bnc-trading-starts-october-26-deposit-now/

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Blockchain

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Enters Strategic Services Agreement with BIGG Digital Assets Inc. (CSE: BIGG) Subsidiary Netcoins

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  • Netcoins will establish a node using LQwD’s Lightning Network PaaS, marking the first institutional grade lightning payment channel for BIGG and Netcoins
  • Netcoins will serve as LQwD’s preferred liquidity provider for Coincurve.com, and the two affiliates will also provide the currency platform and Lightning Network with a suite of institutional/government grade compliance software – including BitRank(R) and QLUE(TM)
  • Blockchain is expected to grow at a CAGR of 82.4% from 2021 to 2028, resulting in overall revenue of $394.6 billion by 2028, from $5.88 billion in 2021
  • In the last 90 days, the Lightning Network has experienced explosive node growth, doubling and increasing BTC capacity by 51.74%

Accelerating the global megatrend of Bitcoin adoption through its proprietary Lightning Network, financial technology company LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) has announced that it has entered into a strategic services agreement with Netcoins, Inc., a leading Canadian crypto trading platform and a subsidiary of BIGG Digital Assets (CSE: BIGG) (https://ccw.fm/q2lns). 

LQwD provides a unique opportunity to participate in advanced technology within the financial market, the idea of Bitcoin as an asset, and the infrastructure that powers its layer-2 payment solution in the Lightning Network. Under the agreement, Netcoins will establish a node using LQwD’s Lightning Network Platform as a Service (“PaaS”) software. This will mark the first institutional grade lightning payment channel for BIGG and its subsidiary.

In turn, Netcoins will serve as the preferred liquidity provider for LQwD’s virtual currency platform, Coincurve.com. BIGG’s Blockchain Intelligence Group and Netcoins’ affiliate will provide the currency platform and Lightning Network with a suite of institutional and governmental grade compliance software – including BitRank(R) and QLUE(TM).

“We are grateful to have a strong relationship with Netcoins and Blockchain Intelligence Group as we expand our footprint in the rapidly emerging Bitcoin Lightning Network. LQwD can now leverage BitRank(R) and QLUE(TM) for our AML needs and route crypto purchases for Coincurve.com and additional platforms through Netcoins, Canada’s first publicly traded, licensed crypto trading platform,” LQwD CEO Shone Anstey said. “It also allows Netcoins to have an early mover advantage in the Canadian markets for handling instant deposits and withdrawals of Bitcoin via LQwD’s Bitcoin Lightning Network platform.”

LQwD’s Lightning Network is a solution that provides mass scaling of Bitcoin for microtransactions worldwide, by providing significant improvements on transaction fees and settlement times. In the last 90 days, the Lightning Network has experienced explosive node growth, doubling and increasing the Lightning Network BTC capacity by 51.74%, amid enthusiasm over the potential incorporation of the Network with various popular platforms.

Driven by the goal of building the Lightning Network to allow users to make instant, secure, and inexpensive payments anywhere in the world using Bitcoin, LQwD is working to revolutionize the global digital currency industry. This revolution is reinventing money and finance, giving individuals greater control over their financials. Now, users can save, earn, send, receive, and complete transactions any time – day or night – with minimal cost. The opportunities and the pace of this rapidly growing industry are only getting bigger as more industries and individuals are turning toward blockchain cryptocurrencies. 

Blockchain technology is subsequently expected to continue growing at a CAGR of 82.4% from 2021 to 2028. The market’s estimated value for 2021 is $5.88 billion and is projected to grow to $394.6 billion by 2028 (https://ccw.fm/IFL37). This increase is expected due to the growing acceptance of blockchain technology for payment processing and issuance of digital currencies by financial institutions worldwide. Removing unnecessary intermediaries, blockchain technology decentralizes the industry and allows for better performance during transactions.

For more information on LQwD and the Lightning Network, visit the company’s website at https://lqwdfintech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF 

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