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Monthly Archives: June 2017
2nd Amendment saves, as Oklahoman shoots babies’ would-be killer – Washington Times
Posted: June 6, 2017 at 5:53 am
ANALYSIS/OPINION:
Yes indeed, the Second Amendment does save.
The latest instance of a gun saving a potential victim from a would-be crime comes by way of Oklahoma, where a Poteau resident, acting quickly, shot and killed a neighbor who was trying to drown his own twin, 3-month-old babies in a bathtub.
KFOR-TV reported Leland Foster, 27, was killed by his neighbor, Cash Freeman. The details?
City of Ada spokeswoman Lisa Bratcher told reporters that [Foster] died from gunshot wound after a 12-year-old girl ran from the home and alerted a neighbor for help, Fox News reported. Bratcher said the neighbor, identified as Cash Freeman, told police he went to the home armed with a handgun and shot Foster twice after seeing him holding the infants under water in a bathtub while threatening the childrens mother with a knife.
Sick.
Whats more, Foster, it was later learned, had been arrested in 2011 for domestic abuse by strangulation and arson.
Good thing Freeman had a gun. The babies were taken to the hospital and reported in stable condition.
He saved their lives by shooting Foster.
But now? Now Freemans worried he may face charges.
The district attorneys office is apparently deciding the matter now. But lets be real here: Only in the lefts mind would Freeman be considered criminal.
To everyone else to all the sane-thinking of the country?
Freemans a hero. A fast-acting, quick-thinking, cape-wearing hero. He couldve simply dialed 9-1-1 and waited probably too late for the police to arrive. He couldve dismissed the 12-year-old as delusional. He couldve done nothing stayed in his home, refused to answer the door, turned up the television to drown out the knocking.
Instead, he grabbed his gun and raced to the rescue. And because of that decision because of the fact, too, America has a Second Amendment that allows for private citizens to own weapons for this very purpose of self-defense and saving two little 3-month-old babies are still alive and well.
Let the lefties lurking in the political background, looking for reasons to strip innocent Americans of their firearms and occasions to blot the Second Amendment from the Constitution, chew on that for a while.
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2nd Amendment saves, as Oklahoman shoots babies' would-be killer - Washington Times
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Red alert: The First Amendment is in danger – Salon
Posted: at 5:52 am
Of all the incredible statements issuing from the fantasy factory that is the imagination of Donald Trump, the one he recently made in a speech to graduates of the Coast Guard academy, that no politician in history and I say this with great surety has been treated worse or so unfairly sets an unenviable record for brazen ignorance plus a toxic mix of self-aggrandizement and self-pity. In his eyes, the most villainous persecutors are the mainstream fake news organizations that dare to oppose his actions and expose his lies.
So, having already banned nosy reporters from news corporations that he doesnt like, branded their employers as enemies of the nation and expressed a wish to departed FBI Director James Comey that those in the White House who leak his secrets should be jailed, why should there be any doubt that he would, if he could, clap behind bars reporters whom, in his own cockeyed vision, he saw as hostile? His fingers itch to sign an order or even better a law that would give him that power. Could he possibly extract such legislation from Congress?
Such a bill might accuse the press of seditious libel, meaning the circulation of an opinion tending to induce a belief that an action of the government was hostile to the liberties and happiness of the people. It also could be prohibited to defame the president by declarations directly or indirectly to criminate his motives in conducting official business.
With a net that wide, practically anything that carried even the slightest whiff of criticism could incur a penalty of as much as five years in jail and a fine of $5,000. Just for good measure, couple it with an Act Concerning Aliens, giving the president the right to expel any foreign-born resident not yet naturalized whom he considers dangerous to the peace and safety of the United States without a charge or a hearing.
How Trump would relish that kind of imaginary power over his enemies!
I didnt make up those words. They are part of actual laws the Alien and Sedition Acts, passed in the summer of 1798 and signed by John Adams, our second president and titular leader of the conservative Federalist Party. Men were actually tried, imprisoned and fined for such sedition. If anyone believes that under the First Amendment gagging the media cant happen here, the answer is that it already has.
How did it happen? Just as it could happen again today in the midst of a national emergency. In Adams day, it was a war scare with France that produced a flurry of stand behind the president resolutions, a hugely expanded military budget (including the beginnings of the US Navy), demonstrations of approval in front of Adams residence and a conviction among the Federalists that members of Congress who talked of peace namely the Republicans, the pro-French opposition party who at that time were the more liberal of the two parties, [held] their countrys honor and safety too cheap.
In other words, just the kind of emergency that could be produced at any time in our present climate by a terrorist attack here at home genuine, exaggerated or contrived and pounced upon by the man in the White House.
Do I exaggerate? Read the chilling report of the April 30 interview between Jon Karl of ABC News and Trump chief of staff Reince Priebus, who said the president might change libel laws so he could sue publishers. When Karl suggested that this might require amending the Constitution, Priebus replied, I think its something that weve looked at, and how that gets executed or whether that goes anywhere is a different story.
This is reality. A lying president aspiring to become a tinpot dictator is making his move. Its time to be afraid, but not too afraid to be prepared.
Lets briefly flash back to 1798. In the bitter contest between Federalists and Republicans, their weapons were the rambunctious, robust and nose-thumbing newspapers of the time, run by owner-editors and publishers who simply called themselves printers. They werent above dirtying their own hands with smears of ink, nor was there any tradition of objectivity. A British traveler of a slightly later time wrote that defamation exists all over the world, but it is incredible to what extent this vice is carried in America.
Nobody escaped calumny, not even the esteemed father of his country. Benjamin Franklin Bache, Republican editor of the Philadelphia Aurora, commented as George Washington departed office that his administration had been tainted with dishonor, injustice, treachery, meanness and perfidy . . . if ever a nation was debauched by a man, the American nation has been debauched by WASHINGTON.
Bache also had had harsh words for old, bald, blind, querulous, toothless, crippled John Adams, sounding very much like a pre-dawn Trump tweet aimed at some critic of His Mightiness. You might not find that kind of personal invective now in The New York Times or The Washington Post, but its familiar on right-wing talk radio and would sound at home coming from the mouths of Rush Limbaugh, Sean Hannity or Ann Coulter. The mode of dissemination changes; the ugliness at the core is unchanged.
Stung and furious, Adams and his Federalist supporters in Congress pushed the Sedition Act through Congress, though by a narrow majority. But could it survive a legal challenge from the Republican minority under the First Amendments guarantee of press freedom? The Federalists answered with a legal interpretation that the guarantee only covered prior restraint, which meant that a license from a government censor was required before publication of any opinion. Once it actually emerged in print, however, it had to take its chances with libel and defamation suits, even by public officials. Today,prior restraint is judicially dead, but the question of who is a public official and can be criticized without fear of retaliation in the courts continues to produce litigation.
But in 1787 argument made little difference. With the trumpets and drums of war blaring and thundering, the Constitution, as usually happens in such times, was little more than a paper barrier. Some provisions were added that would help the defense in a prosecution under its provisions. Moreover, the act was ticketed to expire automatically on March 3, 1801, the day before a new president and Congress would take office and either renew the law or leave it in its grave which is precisely what happened when Thomas Jefferson and the Republicans eventually won the 1800 election.
Nevertheless, during its slightly more than two years in force that produced only a handful of indictments, the Sedition Act did some meaningful damage. It produced what Jefferson called a reign of witches harmful enough to prove it was a travesty of justice, but not enough to become a full-blown reign of terror like the disappearances and executions of modern tyrannies.
The act never succeeded in its purpose of muzzling all criticism of the government, and in fact worked to the contrary. The toughest sentence 18 months in jail and a fine of $450 a huge sum in those days when whole families never saw as much as $100 in cash was imposed on a Massachusetts eccentric who put up a Liberty Pole in Dedham denouncing the acts and cheering for Jefferson and the Republicans. Other convictions for equally innocuous crimes defined by zealous prosecutors as sedition inflicted undeserved punishment by any standard of fairness. But two were especially consequential thanks to the backlash they produced.
One involved Matthew Lyon, a hot-tempered Vermont congressman, who ran a newspaper in which he accused Adams of a continual grasp for power and a thirst for ridiculous pomp that should have put him in a madhouse. For that he got a $1,000 fine and four months of jail time in an unheated felons cell in midwinter. But numerous Republican admirers raised the money to pay his fine. Asenator from Virginia rode north to personally deliver saddlebags full of collected cash. Lyon even ran for re-election from jail in December and swamped his opponent by 2,000 votes. His return to his seat in the House was celebrated joyfully by Republican crowds.
Jedidiah Peck from upstate New York was also indicted for his heinous offense of circulating a petition for the repeal of both the Alien and Sedition Acts. At each stop in his five-day trip to New York City for trial, the sight of him in manacles, watched over by a federal marshal, provoked anti-Federalist demonstrations. His case was dropped in 1800, and he was also easily re-elected to his seat in the New York assembly.
In fact, the entire Republican triumph in that years election was in good part a backlash to the censorship power grab of the Federalists. Literate voters of 1800, kept informed by a vigorous press, were not going to put padlocks on their tongues or take Federalist overreach lying down. Maybe it was from ingrained love of liberty or plain orneriness, or maybe because they were tougher to distract than we their heirs, beset by a constant barrage of entertainment, advertisements and other forms of trivial amusements.
Because that stream of noise is constant and virtually unavoidable by anyone not living in a cave, we are vulnerable to the tactic of the unapologetic Big Lie. If Trump keeps repeating fake news over and over at every exposure of some misdemeanor, eventually the number of believers in that falsehood will swell.
Genuine trouble is at our doorstep. If that statement from Reince Priebus is taken at face value, our bully-in-chief is looking for nothing less than control of the court of public opinion through management of the media by criminalizing criticism all behind a manufactured faade of governing in the name of the people.
With the example of 1798 before us, we need to resolve that any such effort can and must be met with the same kind of opposition mounted by that first generation of Americans living under the Constitution. If we want to be worthy of them, we need to use all our strength and resolution in deploying tactics of resistance. We need to fill the streets, overwhelm our lawmakers with calls and letters, reward them with our votes when they check the arrogance of power and strengthen their backbones when they waver. Any of us who gets a chance to speak at public gatherings and ceremonies should grab it to remind the audience that without freedom of speech, assembly and protest there is no real freedom. If the First Amendment vanishes, the rest of the Bill of Rights goes with it. And were dangerously close.
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DeVos Appoints First Amendment Advocate to Key Position – Inside Higher Ed
Posted: at 5:52 am
DeVos Appoints First Amendment Advocate to Key Position Inside Higher Ed Education Secretary Betsy DeVos has appointed Adam Kissel, formerly of the Koch Foundation and the Foundation for Individual Rights in Education, deputy assistant secretary for higher education programs, the department confirmed Monday. Politico first ... |
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Levin: The Media Are Destroying the 1st Amendment, Freedom of the Press by Abusing It – CNSNews.com (blog)
Posted: at 5:52 am
Levin: The Media Are Destroying the 1st Amendment, Freedom of the Press by Abusing It CNSNews.com (blog) On his radio program Friday, nationally syndicated host Mark Levin slammed the media, saying that they are destroying the first amendment's freedom of the press provision by abusing it. The media are destroying the first amendment, stated Mark Levin. |
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Billions of dollars, First Amendment protections, at stake in ABC … – Sioux City Journal
Posted: at 5:52 am
Its a sure bet that the summer plans for 16 Union County, South Dakota, residents look a lot different today than they did a week ago.
The 11 women and five men constitute the jury in the defamation lawsuit brought by Dakota Dunes-based Beef Products Inc. against ABC and Jim Avila, a senior correspondent for the broadcaster. BPIs $1.9 billion lawsuit is scheduled to last eight weeks, potentially concluding in late July.
BPI is bringing suit under a 1994 state law that makes it illegal to knowingly disparage agriculture products with falsehoods. The law allows for treble damages, which in BPIs case would amount to $5.7 billion.
South Dakota is one of 13 states with laws that protect agriculture from disparagement. State legislatures began passing the laws after a 1993 decision in Washington where a court rejected efforts by apple farmers to punish 60 Minutes for a story that questioned the use of pesticides on apples, said Dave Heller, the deputy director of the Medial Law Resource Center.
BPI filed suit in September 2012 following a series of negative reports aired by ABC about BPIs signature product, Lean Finely Textured Beef. Following the reports, many of BPIs major customers stopped buying LFTB, which was used as a lean beef filler in hamburger. The fallout from those reports forced the company to close three of four plants and eliminate half its work force.
Roy Gutterman, the director of the Tully Center for Free Speech at Syracuse University, said the laws were intended to intimidate and chill news coverage. He noted that the term pink slime, which was used in ABCs broadcast to describe LFTB, was consistent with language used in the industry.
The pink slime case is an affront to the First Amendment, he said in an email. The damages being sought are outrageous.
Patrick Garry, a law professor at the University of South Dakota School of Law, said that BPI has a high bar because of First Amendment speech protections. BPI must prove that ABC acted with malice that it knowingly reported falsehoods with a desire to hurt BPI.
While the media has long-held legal protections, Garry wonders if this is the right case at the right time that could puncture some of those protections. BPI could have access to internal ABC documents showing the networks reports were biased, opening the door to a malice claim.
Steve Kay, who publishes Cattle Buyers Weekly, said it appeared to him that ABC set out to disparage a product that had been used around the world for years.
Im trying to be as neutral as possible, but by most standards of responsible journalism it appeared to be distorted and biased and extremely unreasonable, Kay said.
Eldon Roth, BPIs CEO, founded the company in 1981. He pioneered a method, Kay said, of extracting lean beef from fatty portions of cattle that had previously been rendered. BPIs method relied on centrifuges to extract the lean beef, which could then be added to hamburger, making a leaner product.
Roth further revolutionized the product following an E. coli outbreak that sickened hundreds in 1993 who ate hamburgers sold by Jack in the Box. He developed a process in which LFTB was treated with ammonium hydroxide to kill E. coli and other microbes.
The outcry is ironic, Kay said, because it was arguably the safest product on the market.
ABCs whole approach to BPI didnt make any sense to me, Kay said. It seemed to ignore the whole history of the product.
ABC wasnt the first media outlet to report on the process of making LFTB. The New York Times discovered an email in which a U.S. Department of Agriculture microbiologist described the product as pink slime. The paper referred to the email in a 2009 investigation, which uncovered reports of salmonella and E. coli in BPI products used in school lunches.
While no outbreaks were tied to BPI, the report by the Times included skepticism about the products safety among school lunch officials. In 2011, McDonalds, Burger King and Taco Bell abandoned LFTB.
Then came ABCs series of reports in March of 2012. Although the network broke little ground in terms of what had already been reported by the likes of The New York Times and others, its reporting set off a wave of negative reaction about LFTB. Grocers abandoned the product and USDA said school lunch programs didnt have to use beef that included LFTB.
BPIs revenues plummeted from $1.1 billion in 2011 to $400 million last year, Kay said. ABCs reports had an immediate and lasting impact on BPIs business.
No way has their business even more than partially recovered, Kay said.
Much of the outcry about LFTB and a focus of ABCs reporting was on the use of ammonia to kill microbes. Although ammonia is used in other processed foods and was OKd by USDA for use at certain levels for LFTB, food advocates were outraged that it wasnt on the product label. Nor were consumers alerted to the fact that LFTB portions come from parts of the animal that had previously been rendered or used outside of the food chain.
Michele Simon, a public health attorney and author who wrote about the topic, and who was deposed in the case, said ABCs reports exposed the vast underbelly of the industrial meat system.
I dont think anyone was claiming it was unsafe, just disgusting, Simon said.
Kay, however, says it would be impractical to describe the processes of making hamburger with LFTB on product labeling. BPI, he added, has always been open about its product and the processes it used.
But Simon says the company had no answer about why it wasnt being more transparent. And she said she doesnt know why anyone in the news industry would have it out for BPI.
Its a typical shooting-the-messenger act, she said.
ABC tried but failed to move the case from state court to federal court. The loss meant that it will be forced to defend itself in BPIs backyard.
Its hard to predict what will happen in this trial, Heller said in an email. ABC is in the plaintiffs home turf at a time of unprecedented hostility toward the press as purveyors of fake news. On the other hand, you will have a jury of average Americans probably more concerned with what they put on the family dinner table than the public relations of a beef processor.
Juries, Garry said, are often sympathetic to people who make defamation claims and give generous awards. But often, those awards are reversed on appeal, and Garry said he expects this case to be appealed, especially if the verdict goes against ABC.
Besides the Washington apple case that spurred state disparagement laws, Heller noted that nearly 20 years ago, Oprah Winfrey won a case in Texas after cattle ranchers attempted to silence her concerns about beef safety.
If the past is any track record, courts and juries will not be quick to shut down legitimate public debate about what we eat, he said.
While its true that opinions about food can substantially impact the bottom line of a manufacturer, thats a product of the free exchange of ideas, Heller said. We dont need the government to put its thumb on the scale and chill debate about what we are eating and how its made.
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Billions of dollars, First Amendment protections, at stake in ABC ... - Sioux City Journal
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How to Configure and Set-Up Jitsi – Liberty Under Attack
Posted: at 5:51 am
Download a PDF version of this article.
By: Shane Radliff
May 25, 2015
Jitsi is an open source platform similar to Skype and handles messaging, audio calls, and video calls. In addition to that, Jitsi comes stock with Off the Record (OTR) and Zimmerman Real Time Protocol (ZRTP) to provide secure communications.
OTR is the program used to encrypt messaging, while ZRTP is what encrypts VoIP (Voice over Internet Protocol) calls.
Since Jitsi comes stock with OTR and ZRTP, the install is quite simple; but to ensure simplicity and accuracy, I have decided to do a tutorial for the configuration and use of Jitsi on a Windows OS.
Note: I dont think the set-up for Windows vs. Mac is much different, so its possible you could use this for Mac OS too.
Downloading Jitsi and Setting up the XMPP Server
1. The first step is to download Jitsi.
2. While youre waiting for Jitsi to download, youll need to set-up an XMPP server. Head over to DuckDuckGo and sign-up. Note: make sure to remember your email (xxxx@dukgo.com) and password as you will need that to log-in.
3. After you have set-up your XMPP server through DuckDuckGo, youll need to open Jitsi.
4. Once Jitsi is open, youll click File and then Add New Account. It will give you a few options but youll want to login through the XMPP Server option (near the bottom of the list). Youll use the log-in information that you signed up with on DuckDuckGo. Note: the email will be something like: xxxx@dukgo.com.
Setting up Off the Record (OTR)
5. Next, find a buddy and add them. Youll do this by selecting the File dropdown and clicking the Add contact button.
6. Once you two are friends, youll need to highlight their name and click the message icon to start a conversation. Next, youll click the lock in the top right of the chat box. A dialogue should appear that states: John Doe is contacting you from an unrecognized computer. You should authenticate Youll then click the hyperlink to authenticate your buddy.
7. Once you click the link, a new window will appear. It will show your fingerprint and also the purported fingerprint of your buddy. At this point, you will have to use a separate channel to authenticate. That can be done by a VoIP call, phone call, or in person. Youll read your fingerprint and then your buddy will read theirs. If they match, then you will click Authenticate Buddy.
8.After you click Authenticate Buddy, check the chat window and make sure the lock is green and has no further warning messages. If its green, youre now using Off the Record encryption in your messages with the buddy you verified. Note: keep in mind, youll have to do it separately for everyone you chat with, but you will only have to do it once for each.
Setting up Zimmerman Real Time Protocol (ZRTP)
9. Highlight your friends name and click either the audio or video call button. It will take a few seconds for it to connect and then it should start ringing.
10.At that point, you will see a button in the middle of the call window that says connected with an unlatched lock. That is indicating that ZRTP is not connected.
11. After a few seconds, there will be window that opens up at the bottom of the call window.
12. At this point, the call is still not secure, and you will need to verify the key with your friend as an additional security measure. If the codes match, then you will click confirm and close out of that window. ZRTP should be connected and you can verify that by making sure the lock is now closed and green.
If you made it through all the steps and followed the instructions, you should have Jitsi, ZRTP, and OTR configured. If not, and youre having some problems or technical difficulties, please take a look at these two videos and they should be able to answer any questions. Alternatively, view the tutorial made by the Pillow Fortress blog by clicking here.
If for some reason those do not work, please email me or call me at 309-533-7857 and I will assist you with getting it configured properly.
Youve just taken a great step in ensuring private communications and have also began implementing a security culture.
I would further recommend encrypting your email as well. A colleague put together a great tutorial on setting up Pretty Good Privacy (PGP), which you can find here.
Lastly, if you feel like there is something missing in the tutorial or that something needs to be explained better, please let me know. This will be updated as needed when I get feedback.
Shane is the founder of Liberty Under Attack Radio, The Vonu Podcast, and LUA Publications, an independent publishing company. He has been a guest on many podcasts and radio shows and his work has appeared on sites all over the alternative media. When he's not producing content (which isn't often), he enjoys riding four wheelers, reading, and drumming.
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Total Cryptocurrency Market cap Will Reach US$100bn Very Soon … – The Merkle
Posted: at 5:50 am
Cryptocurrency enthusiasts all over the world are keeping a close eye on the way things are evolving as of late. The world of Bitcoin and other currencies is nothing short of amazing right now. At this rate of growth, the entire cryptocurrency market cap will surpass US$100bn in the coming days or weeks. That is absolutely unprecedented, and perhaps only a sign of things to come.
Everyone is well aware of how Bitcoin and other currencies have seen their share of ups and downs. It would be rather strange to see things go up all the time, as that would ultimately result in a massive cryptocurrency bubble. Sometimes, a good correction will pave the way for future value gains, which is exactly what the cryptocurrency world is showcasing right now. As a result, we are getting very close to the illustrious US$100bn market cap.
To put this into perspective, the cryptocurrency market cap has never been worth US$100bn to date. To some people, that may come as a surprise, given the thousands of coins, assets, and tokens in circulation right now. The blatant truth is how the vast majority of cryptocurrencies have been considered to be worthless for quite some time now. Even though a lot of coins still dont have any major value, the ones that actually offer something interesting are finally getting some positive attention.
Bitcoin is still the dominant cryptocurrency in terms of market cap, with US$42.1bn. It is quite interesting to note the ENTIRE cryptocurrency market cap was worth less than that just a few short months ago. Ethereum is not too far behind, with a US$22.5bn market cap at the time of writing. The top five is completed by Ripple with their XRP asset as well as New Economy Movement and Ethereum Classic. Litecoin is very close to ETC, and their market cap positions switch quite regularly in favor of one or the other.
Despite Bitcoin still being the top dog, the Bitcoin Dominance Index is changing in favor of alternative solutions. Bitcoin represents 44.5% of the entire cryptocurrency market cap, a number that seems to drop lower and lower every single week. That is a good thing, though, as it shows a lot of investors are diversifying their portfolio. There are many baskets to put eggs in, even though Bitcoin is often considered to be the safer investments compared to alternative options.
All of this results in the cryptocurrency market cap being a hair away from US$95bn. For an industry which has only been around nine years, that is quite amazing. It also goes to show all of the negative media attention has done nothing to discredit Bitcoin and other cryptocurrencies in the slightest. Albeit there is no mainstream adoption to speak of right now, things are slowly evolving in a rather interesting direction. It will be intriguing to see how things evolve next.
Once the cryptocurrency market cap surpasses US$100bn, all bets are off. We have seen a lot of money flowing into cryptocurrency over the past seven to eight weeks. This rate of growth is simply unprecedented, and there is no point in trying to predict the future. It is certainly possible this is only a glimpse of what the future may hold for cryptocurrency as a whole. The bigger question is which coins will surprise us next, as we have seen some spectacular value changes over the past few weeks already.
If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.
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Cryptocurrency ICOs Advantages vs Disadvantages – The Merkle
Posted: at 5:50 am
Cryptocurrency ICOs are quite popular these days. Not only are they accessible to the general public, but there is also a good chance to buy cheap tokens and see them appreciate in value over time. That does not mean ICOs are not without risks, though, as there are always some potential drawbacks when making investments. Below are some advantages and disadvantages related to cryptocurrency ICOs.
As the name somewhat suggests, an ICO is an initial coin offering. This means investors are often buying coins or tokens for a project that does not even fully exist yet. In most cases, the team will have some degree of code to show what the project will look like. However, there is no guarantee of projects ever being completed or even being embraced by mainstream users. This is a risk people need to be willing to take, as it may take years until there is an actual market for the project in question.
Speaking of investors, the majority of ICO investors are enthusiasts, rather than people with expertise. Backers have a financial stake in the process, but an ICO is not regulated or registered. This means users will not be reimbursed if something were to go wrong. This is something a lot of people tend to overlook these days, even though it has become less of an issue ever since smart contracts were used to lock up ICO funds.
Additionally, not everyone will be able to partake in every ICO these days. This is especially true on the Ethereum network, as a lot of ICOs sell out in less than 30 minutes. Partaking in such an event means users need to send a transaction at a much higher fee to ensure their transfer is picked up in a network block. This higher cost just to participate in an ICO is not a positive development by any means. Then again, it is only a minor drawback to most people, albeit still important to keep in mind.
The fact that ICOs are open to the general public means anyone in the cryptocurrency industry can partake if they can get funds transferred on time. This means the projects can raise funds in a completely decentralized manner, which is quite important. More investors from all over the world means there is less centralization, which is what cryptocurrency is all about.
Moreover, the concept of cryptocurrency ICO means people can help shape the future of this entire ecosystem. There is a wide range of different projects raising funds through an ICO, and every single project aims to bring something new to the table. Moreover, virtually all of these projects raise a lot of money in the process of their ICO taking place. Multi-million dollar projects are very common in the world of cryptocurrency ICOs.
Perhaps the biggest advantage to speculators, that is is how the tokens can be bought at a low price. Most exchanges will eventually enable trading of these tokens, where they can be sold for a profit if the project is successful. Ethereum-based tokens have a habit of appreciating in value by quite a magnitude. Value gains of over 1,000% over the course of a year or less are quite common, regardless of the projects being finished by that time. From a speculative point of view, cryptocurrency ICOs are more than worth getting involved in. This could ultimately become the downfall of these projects as well, though, but only time will tell if that is the case.
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Cryptocurrency ICOs Advantages vs Disadvantages - The Merkle
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Price Analysis: Cryptocurrencies Hit $100 Billion Market Cap as Bitcoin Reaches for New Highs – Bitcoin Magazine
Posted: at 5:49 am
Bitcoin Magazine | Price Analysis: Cryptocurrencies Hit $100 Billion Market Cap as Bitcoin Reaches for New Highs Bitcoin Magazine Bitcoin approaches a new all-time high (ATH) in price and market cap as we re-enter a mode of price discovery. All of this occurs in the settling of an unresolved block size and scalability debate set to be disrupted with the UASF on August 1 ... Bitcoin Alert: New All-Time High For The Cryptocurrency Briefly: Lifeguard Video Test, Target's Game Sale, Bitcoin Price Surge Bitcoin and Ethereum are hitting record highs |
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Why Buy This Bitcoin ETF Instead of Actual Bitcoin? | Investopedia – Investopedia
Posted: at 5:49 am
If you're interested in getting invested in the digital currency world, now seems to be as good a time as ever. Bitcoin has seen repeated record-setting price levels, and a host of other digital currencies are becoming increasingly popular around the globe. And yet, there are some reasons why even seasoned investors may be reluctant to get involved in direct investments relating to cryptocurrencies. Fortunately for those people, there is an exchange-traded fund focusing on Bitcoin in particular that can simplify the process. It is called the Bitcoin Investment Trust (GBTC) and it is provided by Grayscale Investments. Here are some of the basic details about the new ETF and its relationship to the digital currency itself.
The Bitcoin Investment Trust sported a tremendous 248% increase in the month of May. This far surpasses the gains of 72% overall for the Bitcoin-U.S. dollar currency cross. With that figure in mind, investors may be jumping to get access to GBTC shares. However, there are other factors to consider as well.
First, May's performance seems to be a relative anomaly for the ETF. For the three months prior to May, Bitcoin performance superseded ETF performance two months. This suggests that the two are actually more neck-and-neck than May's figure would suggest. Second, investors looking to buy into GBTC should keep in mind that the shares of the ETF are currently trading at more than double the cost of Bitcoin itself, according to a report by Business Insider.
Potential investors are likely wondering why GBTC shares can be found at such a high premium over Bitcoin. The issue seems to lie in supply and demand. While Bitcoin demand has skyrocketed, GBTC has kept its shares outstanding close to 1.7 million in the two years that it has existed. In fact, the ETF seems unlikely to change the number of total outstanding shares in the future, according to the company's head of research, Ihor Dusaniwsky. He explains that "with the operational risk of buying and holding actual Bitcoins to support ETF creation very high, and difficult and expensive to insure, it is unlikely that GBTC's outstanding share amount will climb above 1.7 million anytime soon."
It is useful to note that GBTC didn't always seem this expensive in comparison with Bitcoin. Before Bitcoin's price spiked in the past several weeks, the ETF traded on an average premium of just 10% above the cryptocurrency in 2017. The issue seems to have come about when Bitcoin's demand blew up and GBTC's supply did not change. As Bitcoin continues to spread further into the financial world, it will be interesting to see where GBTC's share prices go as well.
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Why Buy This Bitcoin ETF Instead of Actual Bitcoin? | Investopedia - Investopedia
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