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DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

The White Dragon : A Canadian Dragon Portfolio

Alright guys, Ive been working on this for a while and a post on here by a guy describing his portfolio here was the final kick in the ass for me to put this together. I started writing this to summarize what Im doing for my friends who are beginners, and also for me to make some sense of it for myself
Hopefully parts of it are useful to you, and also ideally you guys can point out errors or have a suggestion or two. I'm posting this here as opposed to investing or canadianinvestor (blech) because they're just gonna tell me to buy an index fund.
This first section is a preamble describing the Canadian tax situation and why Im doing things the way that I am. Feel free to skip it if you dont care about that. Also, there might be mistake regarding what the laws are here so dont take my word for it and verify it for yourself please.
So here in Canada we have two types of registered accounts (theres actually more but whatver). There is the TFSA "Tax Free Savings Account", and RRSP "Registered Retirement Savings Account"
For the sake of simplicity, from the time you turn 18 you are allowed to deposit 5k (it changes year to year based on inflation etc)in each of them. That "room" accumulates retroactively, so if you haventdone anything and are starting today and you are 30 you have around 60k you can put in each of them. The prevailing wisdom is that you should max out the TFSA first and you'll see why in a minute.

TFSA is post tax deposits, with no capital gains or other taxes applied to selling your securities, dividends or anything else. You can withdraw your gains at any time, and the amount that you withdraw is added to the "room" you have for the next year. So lets say I maxed out my TFSA contributions and I take out 20k today, on January of next year I can put back in 20k plus the 5 or whatever they allow for that year. You can see how powerful this is. Theres a few limitations on what is eligable to be held in the TFSA such as bitcoin/bitcoin ETFs, overseas stocks that arent listed on NYSE, TSX, london and a few others. You can Buy to Open and Sell to Close call and put options as well as write Covered Calls.

The RRSP is pre-tax deposits and is a tax deferred scheme. You deposit to lower your income tax burden (and hopefully drop below a bracket) but once you retire you will be taxed on anything you pull out. Withdrawing early has huge penalties and isnt recommended. You are however allowed to borrow against it for a down payment as a first time home buyer. The strategy with these is that a youngperson entering the workforce is likely to be in a fairly low tax bracket and (hopefully) earns more money as they get older and more skilled so the RRSP has more value the greater your pre-taxincome is. You can also do this Self Directed. Its not relevant to this strategy but I included it for the sake of context.
Non registered accounts ( or any other situation, such as selling commercial real estate etc) is subject to a capital gains tax. In so far as I understand it, you add all your gains and losses up at the end of the year. If its a positive number, you cut that number IN HALF and add it to your regular pre-tax income. So if I made 60k from the dayjob and 20k on my margin account that adds up to 70k that I get taxed on. if its a loss, you carry that forward into the next year. Theres no distinction between long term and short term. Also physical PMs are treated differently and I'll fill that part in later once I have the details down.
The reason why all that babble is important is that my broker Questrade, which isnt as good as IB (the only real other option up here as far as Im aware) has one amazing feature that no other broker has: "Margin Power"
If you have a TFSA and a Margin account with them, you can link them together and have your securities in the TFSA collateralise your Margin account. Essentially, when it comes to the Maintenance Excess of the Margin Account QT doesnt care if its in the TFSA *or* the Margin!
You can see how powerful this is.
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So as you can tell by the title, a lot of this is heavily inspired by Chris Cole's paper "The Allegory of the Hawk and the Serpent". You can read it here: https://www.artemiscm.com/welcome#research
Between it, his interviews and my mediocre options skills at the time my mind was blown. Unfortunately I didnt know how to do the Long Volatility part until after the crash in March but I've since then had nothing but time to scour the internet and learn as much as I could.
The way I interpret this isnt necessarily "what you should have right now", but what abstracted model they were able to backtest that gave them the best performance over the 90 years. Also, a lot of my portfolio I already had before I started trying to build this.
As such my allocations dont match the proportions he gave. Not saying my allocations are better, just showing where they are at this time.
I'm going to describe how I do Long Volatility at the end rather than the beginning since the way *I* do it wont make sense until you see the rest of the portflio.

Physical PMs 22%
I'm not sure wether he intended this to be straight up physical gold or include miners and royalty streaming companies so I will just keep this as physical.
I consider Silver to be a non-expiring call option on gold, so that can live here too. I am actually *very* overweight silver and my strategy is to convert a large portion of it to gold (mostly my bars)
to gold as the ratio tightens up.
If youre into crypto, you can arguably say that has a place in this section.
If an ETF makes sense for part of your portfolio, I suggest the Sprott ones such as PHYS. Sprott is an honest business and they actually have the metal they say they have. If you have enough, you can redeem your shares from the Royal Canadian Mint. The only downside is that they dont have an options chain, so you cant sell covered calls etc. Simple enough I suppose.
One thing to bear in mind, there is a double edged sword with this class of assets. They're out of the system, theyre nobody's business but your own and theres no counter party. That
unfortunately means that you cant lever against it for margin or sell covered calls etc. You can still buy puts though (more on that later)

Commodity Trend (CTA) 10%
https://youtu.be/tac8sWPZW0w
Patrick Ceresna gave a good presentation on what this strategy is. Until I watched this video I just thought it meant "buy commodities". A real CTA does this with futures also so aside from the way he showed, there are two other ETFs that are worth looking at.
COM - This is an explicit trend following ETF that follows a LONG/FLAT strategy instead of LONG/SHORT on a pile of commodity futures. So if they get a "sell" signal for oil or soybeans they sell what they have and go to cash.
COMT- Holds an assortment of different month futures in different commodities, as well as a *lot* of various related shares in producers. Its almost a one stop shop commodities portfolio. Pays a respectable dividend in December
If you want to break the "rules" of CTA, and include equities theres a few others that are also worth looking at
KOL- This is a coal ETF. The problems with it are that a lot of the holdings dont have much to do with coal. One of them is a tractor company. A lot of the companies are Chinese so theres a bit of a red flag.
Obviously Thermal Coal, the kind used for heating and powerplants isnt in vogue and wont be moving forward...but coking coal is used for steel manufacturing and that ain't going anywhere. The dividend is huge, pays out in December. A very very small position might be worth the risk.
Uranium- I'm in URA because thats the only way for me to get exposure to Kazatoprom (#1 producer), which is 20% of the holdings. The other 20% is Cameco (#2 producer)and then its random stuff.
Other than that I have shares in Denison which seems like its a good business with some interesting projects underway. I'm still studying the uranium space so I dont really have much to say about it of any value.
RSX- Russia large caps. If you dont want to pick between the myriad of undervalued, high dividend paying commodity companies that Russia has then just grab this. It only pays in December but it has a liquid options chain so you can do Covered Calls in the meantime if you want.
NTR- Nutrien, canadian company that was formed when two others merged. They are now the worlds largest potash producer. Pretty good dividend. They have some financial difficulties and the stocks been in a downtrend forever. I feel its a good candidate to watch or sell some puts on.
I'm trying to come up with a way to play agriculture since this new phase we're going to be entering is likely to cause huge food shortages.

EURN and NAT- I got in fairly early on the Tanker hype before it was even hype as a way to short oil but I got greedy and lost a lot of my gains. I pared down my position and I'm staying for the dividend.
If you get an oil sell signal, this might be a way to play that still.

Fixed Income/Bonds 10%

Now, I am not a bond expert but unless youre doing some wacky spreads with futures or whatever... I dont see much reason to buy government debt any more. If you are, youre basically betting that they take rates negative. Raoul Pal of Real Vision is pretty firm in his conviction that this will happen. I know better than to argue with him but I dont see risk/reward as being of much value.
HOWEVER, I found two interesting ETFs that seem to bring something to this portfolio
IVOL- This is run by Nancy Davis, and is comprised of TIPS bonds which are nominally inflation protected (doubt its real inflation but whatever) overlayed with some OTC options that are designed to pay off big if the Fed loses control of the long end of the yield curve, which is what might happen during a real inflation situation. Pays out a decent yield monthly
TAIL- This is a simpler portfolio of 10yr treasuries with ladder of puts on the SPX. Pays quarterly.

Equities 58% (shared with options/volatility below)
This is where it gets interesting, obviously most of this is in mining shares but before I get to those I found some interesting stuff that I'm intending to build up as I pare down my miners when the time comes to start doing that.
VIRT- I cant remember where I saw this, but people were talking about this as a volatility play. Its not perfect, but look at the chart compared to SPY. Its a HFT/market making operation, the wackier things get the more pennies they can scalp. A 4% dividend isnt shabby either.
FUND- This is an interesting closed end fund run by Whitney George, one of the principals at Sprott. He took it with him when he joined the company. Ive read his reports and interviews and I really like his approach to value and investing. He's kind of like if Warren Buffett was a gold bug. Theres 120 holdings in there, mostly small caps and very diverse...chicken factories, ball bearings all kinds of boring ass shit that nobody knows exists. Whats crucial is that most of it "needs to exist". Between him, his family and other people at Sprott they control 40% or so of the shares, so they definitely have skin in the game. Generous dividend.
ZIG- This is a "deep value" strategy fund, run by Tobias Carlisle. He has a fairly simple valuation formula called the Acquirer's Multiple that when he backtested it, is supposed to perform very well. He did an interview with Chris Cole on real Vision where he discusses how Value and Deep Value havent done well recently, but over the last 100 years have proven to be very viable strategies. If we feel that theres a new cycle brewing, then this strategy may work again moving forward.

I want to pause and point out something here, Chris Cole, Nassim Taleb and the guys at Mutiny Fund spend a lot of effort explaining that building a portfolio is a lot like putting together a good basketall team. They need to work together, and pick up each others slack
A lot of the ETFs I'm listing here are in many ways portfolios in and of themselves and are *actively managed*. I specifically chose them because they follow a methodology that I respect but I can't do myself because I dont have the skill, temperament or access to.
The next one is a hidden gem and ties into this. I'm not sure how much more upside there is in this one but man was I surprised.
SII- Sprott Inc. I *never* see people listing this stock in their PMs portfolios. A newsletter I'm subscribed to described this stock as the safest way to play junior miners. Their industry presence, intellectual capital and connections means that they get *the best* private placement deals in the best opportunities. I cant compete with a staff like theirs and I'm not going to try. I bought this at 2.50, and I liked the dividend. Since then they did a reverse split to get on the NYSE and like the day after the stock soared.
When it comes to mining ETFS I like GOAU and SILJ the best. None of their major holdings are dead weight companies that are only there because of market cap. I dont want Barrick in my portfolio etc.
SGDJ is a neat version of GDXJ.
Aside from that my individual miners/royalty companies are (no particular order)
MMX
SAND
PAAS
PGM
AUM
AG
MUX
RIO- Rio2 on the tsx, not rio tinto
KTN
KL
Options/Volatility: varies
So this is where we get to the part about options, Volatility and how I do it. I started out in the options space with The Wheel strategy and the Tastytrade approach of selling premium. The spreads and puts I sell, are on shares listed above, in fact some of those I dont hold anymore.
Theres tons of stuff on this in thetagang and options so I wont go into a whole bunch (and you shouldnt be learning the mechanics from me anyway) but theres one thing I want to go over before it gets wild.
If I sell a Cash Secured Put, from a risk management perspective its identical to just buying 100 shares of the underlying security. You are equally "Short Vol" as well, it just that with options
its a little more explicit with the Greeks and everything. But if I use my margin that I was talking about earlier, then I can still collect the premium and the interest doesnt kick in unless Im actually assigned the shares.
But if I sell too many puts on KL or AG, and something happens where the miners get cut down (and lets be real, they all move together) my margin goes down and then I get assigned and kaboom...my account gets blown up
So what I need to do, is balance out the huge Short Vol situation in my portfolio, be net Long Vol and directly hedge my positions. Since the overwhelming majority of my equities are all tied to bullion this is actually a very easy thing to do.

Backspreads
https://youtu.be/pvX5_rkm5x0
https://youtu.be/-jTvWOGVsK8
https://youtu.be/muYjjm934iY

So I set this up so the vast majority of my margin is tied up in these 1-2 or even 1-3 ratio put spreads that *I actually put on for a small credit*, and roll them every once in a while. I run them on SLV, and GDX.
I keep enough room on my margin so I can withstand a 10% drawdown before it sets off the long end of the spreads and then I can ride it out until it turns around and we keep the PM bull market going.
Theres another cool spread I've been using, which is a modified Jade Lizard; if already hold shares, I'll sell a put, sell a covered call, and use some of the premium to buy a longer dated call. Ive been running this on AG mostly.
I have a few more spreads I can show you but Im tired now so it'll have to wait for later.
As I said multiple times, I do intend to trim these miners later but now isnt the time for that IMO. I'm also monitoring this almost full time since I have an injury and have nothing better to do until I heal :p
submitted by ChudBuntsman to pmstocks [link] [comments]

BlockMesh- The next 100X project- Great tech and big advisors - Marketcap < $50k

Let's first talk about MESH technology:
It works in a decentralized manner relaying messages to other nodes without a central coordinating server or node. So for example a phone could send a message offline and it would get bounced between other phones to it's final destination.
Blockmesh has patented technology, a released app as well as they just announced Mr Shrem from the original Bitcoin foundation on the board. They have pretty hard working team. They said they will start marketing soon.

What is BlockMesh
BlockMesh’s vision is to create the world's first decentralized, cost-free communications network.
All data sent through our network will be absolutely cost-free. Our goal is to become the leaders in mesh technology by reinvesting in the technology and creating a platform where any developer can take advantage of our network with our simple open source API.

BlockMesh platform has three major products
Mesh Dev
MeshDev is a platform built for developers which will enable them to add the mesh networking infrastructure we’ve developed to their current apps/platforms. Thus enabling cost-free data transfeapp use for their users.
Mesh Ex
MeshEX are our custom Wi-Fi routers which users will be able to install in their homes or offices. They will be rewarded with Mesh Tokens for each MB of data that passes through their router. This not only extends the mesh network, but pays its owner to use it.
Mesh Ad
MeshAD is a revolutionary take on real-world advertising. Knowing what your audience is interested in, and what they engage with is of utmost importance. Our advertising platform will offer partners the most targeted geo-located and demographic insights ever acquired.

Their new chat app is LIVE
https://twitter.com/blockmesh_io/status/1261029954919313410

They have patents on their HARDWARE, they are integrating their hardware ALREADY called Mesh Extender Key Ring
BlockMesh will compete globally for the peer-to-peer offline communications and remittance market. We’re building a network to support the internet of things in a race for network coverage (predicted that will connect 50 billion IOT devices by 2020.)
The MESH Extender (Experimental Stage technology) will extend the mesh network reach of your mobile device. Our initial focus for the Mesh Extenders (MeshEx) will be on communication as it’ll allow us to grow an organic, supported network.
BlockMesh is focused on delivering free communication to the undeserved and will incentive's the network with BMH tokens. We believe this approach will fast track mass deployment of devices that will rival existing platforms competing for this market segment.
For more details:
https://blockmesh.io/Hardware.php

Binance is trying VERY hard to break into the African market (1.2 BILLION PEOPLE). They are trying to convert the “Unbanked” into crypto users. What better way than to offer a South African (hotspot for crypto) cryptocurrency? I think Boshmesh has better chance to hit african market.

Advisors:
Mike Weetman Former CFO of Yahoo and DreamWorks USA
Charlie Shrem - Crypto well known figure
Few more you can find in their website

I think this project defiantly have chance to moonshot. Just sitting at $50K marketcap.
This project has potential to reach 50-100 marketcap in bull run easily which is 1000-2000X from now
5M marketcap would puts us 100X in short term
500k marketcap would put us 10X now??
Website: https://blockmesh.io/Faq.php
Twitter: https://twitter.com/blockmesh_io
Hardware: https://blockmesh.io/Hardware.php
submitted by cryptos9 to CryptoMoonShots [link] [comments]

16 Apps That Will Earn You Passive Cash Back (Best Passive Saving Apps 2020)

This is the updated 2020 Q1/Q2 version of this post. If you remember reading the previous iteration of this post, there are several changes to the list this time around. Some new additions, and some removals.
Note: Most of these apps will be US only, with a minimum age requirement of 18.
Having said that, let's get right into it.

16 Passive Cash Back Apps 2020

Pei (Ref)

Pei is an automatic cash back app. When you sign up, you'll link a debit/credit card and you'll then automatically start earning cash back as you shop at certain Pei merchants (listed just below). There are so many merchants with Pei that you'll likely find yourself accidentally earning cash back on the app, without even knowing it. Pei is an app that you can really just link a card and then check back weeks later and surprise yourself with the money you've earned. Pei deserves the top spot in this post because of how consistent it is, and just how many places you can earn cash back with it. You can cash out instantly as soon as you reach $25 in your account. If you sign up with a referral code, you'll get a $2.50 bonus once you spend at a Pei merchant. You can use the referral code found on the most common Beermoney Sites thread here.

Pros of Pei:

So with all of that being said, let's talk about the stores you can find on Pei. Just note that these are only stores that are local to me, so if I don't have a certain store near me that Pei offers, I won't have it on this list. Additionally, Pei actually offers so many stores at this point that there's no way for me to actually keep this list up to date at all. There have been countless times where I've shopped somewhere that doesn't even come up as an option to earn with Pei but I'll see cash back listed on the app. It's really quite impressive.
In addition to receiving cash back at many locations, Pei also has a 'loyalty bonus' where if you shop at a certain store 5x you'll earn a bonus of up to $100 (but usually way less).
Pei Also just released a new feature called "Party Cash". Basically with Party Cash if you ever go shopping somewhere with your friends who also have Pei, you can start a party, and for each friend you shop with, each person will get a +1% bonus. For example, if I go shopping at Target with 2 other friends and we all start a Party Cash on Pei, we'll each get 1% (for usual cash back) plus 2% cash back from Party Cash, for a total of 3% cash back.
Most stores do have a $5 daily/weekly earning limit, so do be aware that if you spend more than ~$500, you'll likely reach an earning cap.

Dosh (Nonref)

Ref: KJK6

Dosh is one fastest growing cash back apps on this list. Similar to Pei, it's a card linked program where you'll automatically earn cash back when you shop at several local and national brands. On average you'll earn 3-5% cash back when you shop at the brands featured on Dosh. As soon as you hit $25 in your balance, you can cash out to PayPal.
The biggest downfall of Dosh is that the offers in the app change frequently, and the offers are targeted, meaning that not everyone will see the same offers.
Below are some of the current offers for instant cash back that you might find on Dosh. Note that only instant cash back offers found on the app will earn you cash back automatically when you spend with your card.
Dosh also does have a generous referral program where you'll get $5 when you sign up and link a card, and so will the referrer. If you'd like to, you can enter my code, KJK6 or use my referral link (nonref)
BTW, If you've heard of Dosh before, that might make sense. If you use Venmo and have the Venmo debit card, they recently introduced Venmo Rewards, which is powered by Dosh.

HOOCH Rewards (Ref Link)

HOOCH has earned the number 3 spot on this list this time around because of all the programs on this list, it has remained consistent. HOOCH will automatically earn you cash back when you link a credit/debit card whenever you shop at several national brands.
If you understand how Pei or Dosh above works, there's not really much more to say about HOOCH's cash back system.
You'll instantly earn 1% cash back at the following national brands:
  • Uber
  • iTunes
  • Starbucks
  • Domino's
  • Netflix
  • Shake Shack
  • Spotify
  • Audible
  • Redbox
  • Uber Eats
  • Hulu
  • In-N-Out
  • Chipotle
In addition to 1% cash back at the national brands, here are some other ways you'll earn with HOOCH:
  • Connecting your first card ($5 bonus)
  • Drink at a HOOCH Venue (5%)
  • Book a Hotel (5%)
  • Dine at a HOOCH Venue (5%)
  • Refer friends
HOOCH started a long while back as a subscription app where you'll buy a subscription and you'll get a free drink at a HOOCH venue every day. The venues are extremely limited, so a majority of the people reading this won't find any value in that plan. Dining is just as rare.
Their referral system appears to be pretty generous. They're currently offering a $5 bonus for signing up, as well as $1 for the referrer, as well as a 20% bonus on their earnings for life. Here's my referral link, and a nonref link :)
Here's the downfall of HOOCH:
You can only cash out for gift cards, and the minimum is $25.
For most people, this is a really big disadvantage of this app. Assuming that most people will only be earning through the 1% cash back brands, the minimum you'll need to spend in order to his the cash out minimum is $2500, which would likely take most people a really long time, since the brand options are not places where you're likely to spend a lot of money frequently...like, for example, a grocery store.
But still, you could probably earn yourself a few free gift cards every once in a while for a totally passive app.

Bumped (Sign up & join waitlist!)

Bumped is an investing app, when you really boil it down. When you sign up you'll select one brand in each category (there are a lot of categories, you'll see below), and each time you shop at the selected brand, you'll earn the certain specified purchase back in the form of company stock. This is unique to all of the other apps on this list, because you're actually receiving company stock. Also, because of this, I think it's very important to note that in order to sign up for Bumped you'll need to enter your SSN since you will be opening up a brokerage account.
As of posting, the following are the category options that you can choose from:
I've bolded the brands I selected. Obviously you should pick a brand that you can find yourself using the most. Do note that if you pick a brand that you might want to change later, you'll get the opportunity to change your brands 3 times a year, at least 30 days in between.
Category Options
Burgers 3% at Jack in the Box
3% at McDonald's
3% at Wendy's
Coffee 2% at Dunkin' Donuts
2% at Starbucks
Drug Stores 2% at CVS
1% at Walgreens
Family Dining 2% at Applebees
2% at Chili's
2% at Olive Garden
2% at Red Robin
Grocery 1% at Kroger Family of Stores
Home Improvement 0.5% at The Home Depot
Mexican Food 2% at Chipotle Mexican Grill
2% at Taco Bell
Music Subscriptions 1% at Pandora
5% at Spotify
Pizza 1% at Domino's
5% at Papa John's
2% at Pizza Hut
Ride Sharing 0.5% at Lyft
0.5% at Uber
Superstores 1% at Target
1% at Walmart
Telecommunications 0.5% at AT&T
0.5% at T-Mobile
0.5% at Verizon Wireless
Video Subscriptions 1% at Netflix
5% at Sling TV
Vineyards 1% at Willamette Valley Vineyards
One thing that is listed on the app is that if you want to move your way up on the waitlist you can refer your friends to join the waitlist as well.

Bits

Bits (of stock) is very similar to Bumped. It's better in some ways, but worse in most.
Similar to Bumped, there's a waitlist. Note that Bits is currently only available on iOS, but they have teased a version for Android will be coming.
So, here's the issue with Bits...
There's no brokerage accounts set up.
If you're not sure what that means, basically in order for you to actually own and trade stocks, you'll need to do it through a brokerage account. For example, if you use Robinhood, you own a brokerage account at Robinhood. If you use TD Ameritrade, you'll have a brokerage account at TD Ameritrade. So basically the app will say that you're getting stock back as you spend, but there's no way to actually sell your stock. Basically what I'm saying is that until the brokerage account is added, you're really just receiving play money. Bits has been extremely silent about the release of the brokerage accounts... I asked them back in December and they said they were aiming to release it "next month". Three months have passed since then, so I asked last week and they again said the same thing.. the goal is a release next month (April). We'll just have to wait and see. The point here is -- assume you're not earning anything with Bits until they add the brokerage accounts. This post will be updated once the accounts are added.
So, as for the actual cash back from Bits, you're able to choose 15 brands (that you can change at any time). I'll list the brands you can choose from below. What's interesting is that when the app first launched, all of the brands offered a 2% CB rate (which is unsustainably high). The rates have since come down to 0.5% for all brands.
To save characters, here's a recording of me scrolling through the brands offered. If you don't want to watch that video, just know that there are a lot of brands to choose from.

Ibotta (Ref Link)

Ibottais a cash back app that has been around for years, but this is its first time being added to this list. When the app originally launched, you would earn on the app by selecting cash back products that you could purchase and receive a rebate. Once you selected products you wanted to purchase, you would then scan the products after purchasing them to confirm your purchase, and then submit a photo of your receipt.
That doesn't sound too passive, now, does it?
Well, over the last little while, the app has come a very long way. In most cases you no longer need to select rebates you want to purchase, and in most cases you don't even need to scan a receipt, if you're shopping somewhere where you can link a rewards membership.
For example, I shop at Meijer and Target primarily for groceries. Both of these stores allow me to link my accounts with the stores, so for Target any time I shop and spend using a credit card that is linked to my Target account, I'll get cash back automatically. Same thin for Meijer. As soon as I enter my mPerks phone number, I'll get cash back.
What's great is that you don't even have to select offers anymore. So this is one of those cases where you might accidentally get cash back. Also, just to clarify, you're getting cash back for the products you purchase, not the place that you're shopping... which is different than most of the other apps featured on this list.
Even if you don't purchase a product that qualifies for a rebate, you'll probably find yourself earning cash back almost every time you shop because Ibotta has several "Any" offers, meaning any time you buy "any" kind of a product, say.. blinker fluid, for example, you'll earn cash back for your blinker fluid purchase regardless of the brand. These offers are optimal for cash back.
I personally went a whole couple months without opening Ibotta and I showed up to $50 in cash back from purchases I didn't even know I was getting cash back for.
Another newer feature of the app (which isn't passive) is Ibotta Pay. Ibotta Pay is basically just a glorified way of purchasing gift cards and receiving cash back for the gift card purchase.
In addition to this cash back, you'll also find several bonuses where if you redeem x offers, you'll get a certain $ boost. For example, I currently have an offer for a $10 bonus if I redeem 14 offers before the bonus expires in just a few days. I've redeemed 2 so far, so I'm not sure if I'll be getting there in time. (BTW, if you're ever cutting it close, just note that Ibotta Pay will work where each gift card purchase will qualify for a completed offer ;))
Ibotta also does have a generous referral program. They do referral offers very frequently where you can earn bonuses, but the current offer is $4 for each friend you invite. Please consider using the referral link found in the Most Common Beermoney Sites thread.

Uber Visa Local Offers

Shop or dine out, get Uber credits back.
Use your Visa card next time you dine out or go on a shopping spree at a featured store and earn Uber credits toward future rides. To join, go to settings in your Uber app and tap on Visa Local Offers.
Whenever you shop out at certain places you'll instantly receive uber credits to your account. It's really simple, and yes, this does stack with all of the other cash back apps you might be a part of.
The brands they offer do change semi-frequently, so you should check them from time to time.
In the past there have been 100% cash back offers for streaming services, and 10-20% cash back at Sam's Club. Considering that these offers do stack, there is some really great potential if you find any value in uber credit.
If you're interested in activating the Visa local offers, you'll need to make sure you have a visa card linked to your Uber account first, and then you should see "activate local offers" in the app settings or payment settings of Uber.
There's really not much to say about Visa Local Offers, but if you're looking for some FAQ/Terms, feel free to check them all out here.

Cash App "Boosts"

For those if you who don't know what Cash App is, Cash App is an app by Square that lets you send and receive payments. They've also expanded their app to support bitcoin purchases, and they'll also let you use the app as a checking account. With the cash app you can also sign up to receive the Cash Card, which is a debit card that is funded with your cash app balance.
If you have not used Cash App before, they do have a fancy referral program where when you sign up and send $50 you'll receive $5 and so will I. I do want to make this very clear: Cash App referrals can see the full name of the person who refers you, and the person who refers you will have your full name shown to them. If you're really private about personal information, be careful whose referral link you use. If you trust me, here's my referral link.
Please note that if you want to use the cash app boosts that I'm talking about, you'll need to be 18 years old and have the cash card (which is free, don't worry)!
Cash App announced that their cash card will be seeing 'boosts'. Boosts are their fancy way of saying that when you use our card at certain locations you'll receive a discount.
Once you have the cash card, you'll notice on the app below your card you'll be able to select your boost. The following are my personal boost options, as of posting. The boosts change frequently,
  • $5 Off One Order on DoorDash
  • 10% Off One Visit at Any Grocery Store
  • 10% Off One Visit at Dollar Tree
  • 10% Off One Visit at Walgreens
  • 10% Off One Visit at Nike
  • 10% Off One Visit at Walmart
  • $5 Off One Ride at Lyft
  • 10% Off Each Visit at Bath & Body Works
  • 10% Off Each Visit at Playstation Network
  • 10% Off Each Visit at Xbox
  • 10% off Each Visit at Chick-Fil-A
  • 10% Off Each Visit at Taco Bell
  • 10% Off Each Visit at Dominos
  • 10% Off Each Visit at Portillo's.
Boosts tend to change every Friday, but several boosts will remain for a long period of time. The longest lasting boost, which just went away in the last week is the $1 off Any Coffee Shop. It stuck around for almost 2 years, and anyone who had that boost applied would automatically save $1 every time they shop at any coffee shop, without any interaction.
So there are quite a few things I want to say & clear up.
  1. You can use a boost every 1 hour.
  2. You must select the boost that you'd like to use prior to the purchase. You're able to swap which boost you want to use as often as you'd like. So when you walk into Chick-Fil-A, just check and make sure your boost is set to CFA. If not, swap it.
  3. In order to apply the boost, you must pay with the Cash Card. It's automatic. If your total is $6 and you're saving 10%, you'll only need a Cash app balance of $5.4 for the transaction. Cash App will cover the other $0.60.
  4. If you link your Cash Card to Apple Pay, you can pay with it that way and the boosts will still be applied.
Do realize that just because you have the Cash Card on the app, you won't see the boosts. You need to have the physical Cash Card in your possession for the boosts to show up.
I've been really enjoying using the Cash Card for purchases. Especially at CFA & Chipotle. It's really not a hassle. When I'm standing in line at Chipotle I'll open the app and make sure my cash app balance is enough and if not I'll just add funds right away. The boost is applied immediately which makes you feel good. It's like the guac is free at Chipotle after you use the cash card. The only downside to using the Cash Card is that you won't be able to stack discounts with anything else on this list... Unless you find a way to link the Cash Card to any of the things on this list. Regardless, 10% off at Chipotle is the best I have found.

Venmo Rewards

Venmo recently announced Venmo Rewards.
Take what you know about Cash App's boosts and then apply something similar to Venmo's debit card. Venmo Rewards is actually a bit easier than Cash App's boosts because it truly requires no input from you whatsoever. The tradeoff is that the cash back rates are lower. If Cash App's average discount would get you 10% off, Venmo would be about 4%.
So here's how Venmo Rewards works:
Simply use your Venmo card at participating merchants—stores you know and love— to earn rewards. Zero setup required. See list of participating merchants in the app.
  1. Get a Venmo card Learn More
  2. Swipe your card at participating merchants
  3. Automatically earn cashback straight to your Venmo balance. (Seriously. That’s it.)
As mentioned above in the section about Dosh, Venmo Rewards is powered by Dosh, and similar to Dosh, the cash back options are targeted. I personally can't use Venmo so I don't have the current list that most people will be seeing as far as opportunities go, but Venmo Rewards originally launched (in November 2019) with the following CB opportunities:
  • 5% Target
  • 5% Sephora
  • 5% Wendy’s
  • 4% Dunkin’
  • 5% Chevron
  • 4% Sam’s Club
  • 5% Papa John’s
Evan on DoC commented earlier this month with their updated CB opportunities:
Dunkin Donuts 4%, Sephora 5%, Macy’s 4%, JCPenney 5%, Sam’s Club 4%, 1-800-flowers.com 15%, Papa Johns 5%, Forever 21 4%, Frank and Oak 5%)
  • 4% Walmart & Walmart Grocery
  • 4% Dunkin'
  • 5% Sephora
  • 4% Macy's
  • 5% JCPenney
  • 4% Sam's Club
  • 15% 1-800-Flowers.com
  • 5% Papa John's
  • 4% Forever 21
  • 5% Frank and Oak
What I can make from this is that the options have not changed much, and have actually expanded, with a couple exceptions. If you're a Venmo user, I think this is a pretty decent reason to get the debit card. The 4% at Sam's Club and Walmart is a pretty good deal for most people, especially if there are no limits to the cash back you can earn.

Empyr Apps

I've listed this as "Empyr Apps" because all of these apps are basically just the same thing. I'll take the example of Swagbucks Local since that's what most of you reading this will already be using.
If you paid attention in the Visa Local Offers section of this post, you'll find that the Empyr apps are actually very similar to those visa local offers.
When you shop at a certain store/restaurant, you'll earn with the empyr app you have linked. It's actually really not that special.
Here's a list of some/most of the current Empyr powered apps:
IMPORTANT NOTE: You're only allowed to use one Empyr app at a time! As soon as you link up with another Empyr app, you'll be disqualified from another until you link back up.
I do want to go into this list a bit this time around since there seem to be more and more Empyr apps popping up.
Swagbucks Local will always be popular among Swagbucks users. What's really nice about Swagbucks Local is that the payouts are always instantly converted to Swagbucks, which can help you cash out sooner. You'll also likely get a slot in the Swago board filled out, which might be beneficial to you.
RetailMeNot is a newer one on this list and it's the only one here that I feel like I recommend you go on/off with. RetailMeNot has recently been doing a lot of "Spend $X, get $Y" deals at a lot of the stores they offer. For example, they are currently offering $5 Cash back for in Store purchases of $30+ at Staples. This is a really good deal for an Empyr app, and would probably be my pick for that transaction, but not most of the time since they don't have very many stores as options.

Drop (iOS | Android)

Ref = fish

Alright, so Drop has gone through a lot of changes since the last time this post was updated. Drop used to be the best passive cash back app without any debate. It was also one of the first apps to offer a card link cash back program. Over the last several months (and years), their card link program has seen several devaluations. First they removed brands you could pick from to receive cash back (for example, when I first joined, you could choose to earn cash back each time you shopped at Amazon, but new users would later not see Amazon as an option). They later lowered the cash back rate. For example, Target went from 1%, to 0.2%. And finally they limited new users to pick from 5 brands to receive cash back at to just 3.
In February 2020 Drop announced a change to the way their card linked cash back would work..
They since have removed their 'power offers' (the offers where you automatically earn cash back at brands), and have replaced it with card link 'Challenges'. These challenges have just recently launched, so it's hard to tell whether or not these will be passive or worthwhile altogether. I currently have one ongoing challenge where if I spend $10+ at Target with a linked card, I'll get 250 points ($0.25), which is pretty insignificant.
As far as I can tell, they seem to have ditched all other forms of card linked cash back from their app. If the challenges turn out to have nothing passive about them, or have no proof of being worthwhile, Drop will likely not even be on this list the next time around.
So let's talk about some features of Drop since we're on the topic.
Drop has clearly moved away from passive cash back, and has focused more on becoming a cash back app in the form of portal earnings and specific offers. Several of these offers are unique to drop, which is good, but when it comes to portal cash back, the rates are often on par or slightly below the offerings you could find on Cashback Monitor.
Another thing about Drop that people are (rightfully) upset about is the change that now requires you to save up $25 worth of points (25,000) in order to cash out. The minimum previously was just $5.
The only feature about Drop that hasn't been nerfed to the ground is their referral program. When you refer your friends you'll earn $5 once they link a card, and they'll get $5 as well.
Overall I'm not too hopeful that Drop will remain passive at all, so this might be the app's last appearance on this list for the foreseeable future.

Credit Cards

I've refrained from listing credit cards on this post for a long time. Maybe because I thought it was too obvious, or maybe it was unnecessary, but since the number of younger people using this subreddit has been increasing I feel like I'd be doing a disservice to entirely disclude a blurb about credit cards.
If you have a credit card and you don't really care to learn more about credit cards, just skip this section. If you're reading this post and you're 18+ (or if you're about to turn 18) and you don't have a credit card or don't know much about credit cards, I think it's a good idea to look into them. I'm not going to tell you exactly what a credit card is since that's an easy google search, but I will tell you about some benefits, especially about those that pertain to the benefits of this post.
Credit cards are great because you can essentially spend money just like you normally would*, but you'll also earn cash back on all/almost all of the purchases you make with them. Additionally, especially if you're young, getting a credit card is a really great because it will start helping you build credit. I'm currently looking into renting a house next year with two housemates and I'm shocked to see that neither of them have any credit. They quite honestly couldn't possibly live in a house without me, since I'm the only one who has credit.
*Make sure you're paying off your credit card every month (or however often you need)... Don't let yourself get into debt. I'd argue if you think you're going to get into debt with a credit card, I'd personally suggest you don't get a credit card.
While you need to be 18 years old to get your own credit card, if you're under 18, you can still start gaining credit. Most major credit card companies will allow your parents to add you as an authorized signer on their credit card (which basically just means that you'll get permission to use their cards). An effect of this is that you'll start gaining credit. If you're looking to build up credit but you don't think you're ready for a credit card, I'd really recommend you ask your parents about becoming an authorized signer. It's a good conversation to have with your parents.
Anyways, let's talk about the cash back benefits, since that's what this post is about, after all.
There's a lot of credit cards. This post isn't going to list them all out. This isn't really even the right subreddit for credit card discussion.
Nerdwallet has a great list of credit cards, so you might want to check it out here, but I'm going to share my own personal situation and recommend that for anyone who might relate, since the average age on this subreddit is around the 18-25 range.
My first credit card was the Chase Freedom Unlimited card. I actually still use this credit card very frequently since it's a pretty balanced card. A couple years back on my 18th birthday I went into my local chase branch and physically had to beg for this card (it's a really beginner card, trust me). After getting denied both in bank and online, I finally found a rep who would give me a calm $500 credit limit for the card. Note: I had no credit before hand.
The Chase Freedom Unlimited card offers 1.5% cash back on all purchases with the card... so when you think about it, I'd previously been spending $100 at Chipotle every month with my debit card, but with the Freedom Unlimited card, I would now be getting 1.5% cash back ($1.50) back on those purchases. It's just an easy way to save money on everything.
If you use the other apps I suggest in this post, you'll likely earn cash back passively from them on certain brands that are featured, but stacking a credit card cash back on top of all the other bonuses is the absolute best way to earn passive cash back since it's usually 1-5% cash back on your purchases.

ReceiptPal

ReceiptPal is an app that allows you to upload your receipts from almost anywhere that you go shopping. It's actually a really simple process.
When you sign up you'll be presented with almost little scratch cards which contains 4 spaces. Each space is filled with a receipt that you upload. Once you reach 4 receipts, you'll earn 100 points. 300/400 points = $1, so basically every 16 receipts you upload you'll receive ~$1.
"So, mr Fishering, how is this passive!?"
Unlike most receipt apps, ReceiptPal allows you to link your emails and amazon account and they'll automatically upload receipts for you. I actually let this app alone for several months and came back to thousands of points and cashed out instantly.
If you make purchases online, you'll essentially be earning ~$0.07 for every purchase you make if you have your email linked. They'll automatically find receipts and submit them, so it's 100% passive earnings.
If you also shop IRL you can submit physical receipts as well.
You can cash out instantly for $5 minimum in the form of a gift card. I'd recommend saving up at least 7,500 points for a $25 gift card, since it'll value points at 300/$1.

Paribus

Paribus is not your typical cash back site. Once you sign up you can link your different accounts (such as your amazon account) and it will automatically track your shopping. Paribus doesn't directly earn you cash back... it acts more like Walmart's saving catcher if you've ever heard of that. If an item you buy somewhere goes on sale shortly after or if there's any other discounts/promotions you may have missed when you originally bought something, they'll quietly get you a rebate on whatever you purchased. It can be very hit or miss. The catch is that they do take a cut of your savings. I believe it is 30% for all new users, but for each member you refer you can cut the cut by 5%. If you save $10, they'll charge you $3 to whatever card you have linked.
Personally I've found it to be really hit or miss, but I've found some incredible savings. I bought a gopro and I got $15 saved with Paribus, and I also got $50 back from some really nice headphones I picked up on amazon from Amazon. What's weird is I bought the headphones like 6 months prior to the rebate. Was shocking to see it, but I've really had some good luck with Paribus.

Sift (iOS | Android)

After the last post, I noticed a lot of people enjoyed Paribus, so I figured it'd be good to add some alternatives in this post.
So, here's Sift. Sift is a similar site to Paribus, and its key focus is on enforcing credit card benefits that many people don't know about. It's actually pretty nice. It'll let you pick your credit card and it'll tell you pretty much everything about your card. I have the Chase Freedom Unlimited card, and I was actually shocked to hear some of the benefits my card has that I have never been taking advantage of.
From Sift's site:
We automatically comb through your credit card policies to show you all your benefits in one place. For every purchase we let you know what benefits you are eligible for. We streamline the claim process to make it as simple as possible to get your money back.
You can link your emails as well as your amazon account as well and they'll make it really easy for you.
I have not actually used Sift much myself, so I cannot attest to how well it works, but the app store reviews are generally positive for Sift.

Trim Savings

Trim is similar to Paribus and Sift, but there's a certain void that it's trying to fill that the other two don't really seem to be filling.
Trim's main selling point is its bill negotiations. Instead of trying to save you money when a price drops, they're going to try and just nip it right in the bud and try to get your bills lower.
Right now they're mainly trying to negotiate with cell providers, internet providers, and cable providers.
Here's how the process goes:
  • Submit Your Bill: Submit your most recent cell phone, cable or internet bill to get started.
  • Trim Negotiates: Trim negotiates with your provider to get you discounts on your bill.
  • You Save Money: Trim takes 25% of annualized savings, but only on success—otherwise, it's free!
So, similar to Paribus, Trim does charge a fee. In a sense, I guess that's a good thing because it gives them an incentive to make sure to get some sort of bill decrease for you so they'll make some money too. Their rate is currently 25% of your bill negotiation. Of course, if they're not able to negotiate your bill for you, you won't pay them anything.
Trim does also monitor your bank account for you and they'll notify you of account changes (that you can set). For example, if they see a transaction worth $xxx, they'll notify me that I've made a large transaction. If there weren't already so many other sites/apps that could do that, I'd say that's a great feature that Trim offers.

Conclusion

Hopefully there's some new apps/sites you found out about in this post. If you sign up for some/all of these programs listed, you should probably find yourself earning some pretty decent cash back, depending on where/how much you spend. These apps are very satisfying to watch your balances build up on, and after a while it's very rewarding to cash out and treat yourself.
In this update I added some really great additions like Ibotta, Venmo Rewards, and Bits, but I am very sad to see the turn that Drop has taken. I have been tipped off to some upcoming passive cash back opportunities that will be coming very soon, and I can't wait to share those and hopefully add them to this list in the near future.
As always if you have any questions please do leave a comment or send me a PM!
Thanks for reading!
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  • Read my other posts!
  • Please send me PMs with any questions you have about anything, or even just PM me if you want someone to talk to.
submitted by Fishering to beermoney [link] [comments]

I ruin people's lives for fun, this is my story.

Let me start by introducing myself, my name is Alex. I am 20 years old and clinically diagnosed with ASPD or Antisocial personality disorder. My diagnosis was given to me back in high school in my Junior year. It was pretty hard making friends or at least keeping them. You see when I try to make friends I usually only go into a relationship because of one thing; to get something in return. You could call it manipulating or deceiving people but, I don’t see it that way. I’ve had many therapists and physiatrists try to help me or figure out what’s wrong with me in the past but, I would just feed them the information they want to hear. Its pretty simple, give them all the shit they need to write down on their little piece of paper and it is music to their ears. Besides that, let us get to the story. Now you see the two key people back in high school were “Mike” and “Connor” and they were it. They had the girls, the popularity, the friends. They both were the biggest athletes in the entire school. This is important because I wanted that, but I couldn’t have it. Call it jealousy or whatever but, who wouldn’t want people to look up at you and have their names written in the daily paper.
High school was a bitch for me. I never had many friends or any real ones at least. I was known as the weird kid but, whatever right. Everyone says high school is tough for everyone. I believe it. Life gets back at people who deserve it though. Now Mike was the quarterback of the football team and he knew everyone and everyone knew him. I one day sent him a message on Snapchat and said: “Hey Mike, I know you don’t know me but, I think you’re a cool guy.” He then replied with “Who are you? Whatcha want dickhead?” I told him “Nothing much man, just thought we could be friends or something, we’re in the same Spanish class.” He said, “Oh, cool your that kid that sits in the back right?” I said, “Yeah, what you doing?” He then said, “Nothing much man, listen I got a party next weekend with a free crib if you tryna come.” I then told him I’d let him know. This was perfect because I knew exactly what I would do. I planned on seeing Connor there with his girlfriend Liz. That was important because I hated seeing the way Connor would treat her. He just used her for sex and shit and never really respected her. I knew how I would fix that though, and it would be at that party.
Well, I got to the party and there were at least 50 kids there. I saw a couple of familiar faces but couldn’t care at all. I was there for one thing and one thing only. To ruin their relationship. Call me a dick but, he was way worse than me. I once saw Liz come into school with a bruise on her face and knew it was from him. I finally saw them out back near the pool. I had a plan. I would text Connor’s phone from a different number making it look like it was some other chick texting him and Liz would be right there to see it. I went outside and he was drinking, probably already drunk. I could see them from across the pool and haven’t seen Mike yet. I was about to text him and then Mike came up and tapped me on my shoulder with two drinks in his hand. He said “Yooo, Alex you came!” I laughed awkwardly and said, “Yeah man, wouldn’t miss it.” He said, “You want a drink?” Gesturing the second cup to me. I took it and said “Thanks, man.” He said, “I’ll see you around, there’s more beer in the kitchen.” He walked away and now I pulled my phone out. I went on to the app which I would text him from and texted: “Hey Connor, I had a really good night last night with a winkie emoji.” I then sent it waiting for Liz to look over his shoulder. She did and read the message. They started to argue and Liz poured his beer all over his face. My plan was working just right. I then saw Liz walk inside in a rush. I pretended to bump into her and said: “Oh my fault didn’t see you there.” She laughed and said, “Oh my god, it’s you, Alex.” I then laughed as well and said, “You good?” She replied with, “No actually, I just found out Connor was cheating on me with some slut.” I said “Oh, that blows … you want a ride home?” She said, “No I’m good, I’ll just have Grace drive me home.” I preceded with, “You sure, I live super close to here anyways, I was just about to go home too.” She said, “Ok, sure that’s fine.” I then got in my car and we started to talk. I said, “So, how’d you find out?” She said, “Some bitch texted him saying that they slept together last night.” I then said, “Damn, what’s your address by the way?” She then said something that surprised me. “I can’t go home like this, my moms gonna know I’m drunk and I’ll never be able to go out again.” I said, “Well, what you wanna do then?” She said, “Um, I don’t know .. we should go to a park.” I said, “Oh ok, what park?” She gave me the name and we went there. I parked my car in the parking lot and said: “Whatcha tryna do now?” She then said, “Shut up stupid.” Hushing my lips for me. We made out that night and I dropped her back off and went home as well.
That week in school I got a snap from Connor. It was during lunch and I clicked on it. I saw the five words that couldn’t make me happier: “I know what you did.” I replied with, “What? What did I do now?” He said, “you hooked up with Liz.” I left him on open and went about my day. I then saw him in the parking lot after school near my car. He came up to me and screamed in my face: “SO YOU THINK YOU CAN JUST STEAL MY GIRL WITHOUT ME DOING ANYTHING?” I laughed right in his face and said, “Well, she isn’t with you anymore now, is she?” He then yelled: “Well, you think you’re just going to go about your day or something?” I said laughing, “Yeah, I was planning on going to Liz’s house after school.” He then jumped on top of me pinning me to the ground, socking me right in the jaw multiple times. I tried throwing some back but, he had my hands pinned to my side. He got up and said, “Fuck with her again and you won’t be getting up.” I got up with my nose bleeding and got into my car and went home.
That was 2 years ago and boy have I got my revenge. Let me start by saying I have no regrets about what I did. Everything I had done was for my satisfaction. You see I don’t care who’s life I ruin … as long as I get something out of it. Connor graduated high school with not much going for him. He had a job at a car dealership as a mechanic or something like that and never went to college. I never went to college so I won’t judge but, I had other plans after high school. I wanted to ruin Connor’s life, and I never stopped until I completed that process. It started with pretty small things like when I tried ruining his relationship back in high school. He was always a dick and who better to fuck with then a worthless piece of shit like Connor. I messaged him a couple of months ago saying: “Hey old friend … remember me?” He replied with “Yeah, the kid I beat the shit out of … I remember you.” I knew he would say something like this so, I sent him a picture of myself and his sister I photoshopped to look as if we were together. He replied with, “What the hell are you doing with my sister … she doesn’t date weird fucks like you.” I replied with, “Oh well looks like her type changed?” I was just sitting on my computer laughing my ass off from how gullible this kid was. He then messaged his sister Claire, which I thought he would do. “Are you dating a kid named Alex?” I had hacked into her phone which was pretty easy because I sent her a phishing email that looked like a women’s clothing company that I knew she had an interest in because of her Facebook. She clicked it and it then downloaded a key logger onto her phone which would send anything that was on her phone to me directly. I override it and replied as her saying: “Haha, yeah … me and him just started talking.” Everything that was being sent right now would delete as soon as I exited the software. I then texted him saying, “Claire is one beautiful woman, kind of reminds me of Liz…” He then said, “You know you’re a real dick you know ….” I said, “Haha the one who beat the shit out of their girlfriend in highschool right … I’m the dick.” I then said, “Hey how’s life going for you ... washing people’s cars ….” He replied with “Fuck you man … go do something with your time.” I ended the conversation with “Ok bud, I’ll let you know how she is in bed…” Now, this was just the first thing I would do to fuck with Connor’s life. A couple google searches for his name and I now had his address … He was still living with his parents at the time. I then went ahead and waited for him to get done work to order a couple of pizzas to his house and make him pay for them. A couple I mean by ordering 20 pizzas all with extra toppings. That was definitely a pricy delivery. A total of $300 if you want to round up. I called in and said I would pay in cash and my name was Connor; I gave the lady on the phone his address and it was as easy as that. You might be asking why I care so much to fuck with someone’s life … It’s easy, I get joy out of it. You see these were the baby steps to ruin someone’s life.
My next attempt would be going to a personal level. Connor had a laptop at home and I went ahead and hacked it. It was easy knowing how stupid he was. He would fall for anything. So I sent him an email that led him to a link that would automatically download a fake porn movie. He would run the download and I would then have access to everything on his computer. Everything. I had every username and password of every website he used including bank accounts, emails, videogames, documents, social media, and much more. I also could see what he was doing by his webcam which he never turned off. He also had a new girlfriend at the time and her name was Jessica or Jess for short. I planned on ruining their relationship too. One night I logged into one of his bank accounts to see what his balance was … It was $1,243.50. So I went ahead and requested a withdrawal to a website that would transfer it into bitcoin. I requested $500 to see if it would work without causing any attention. The transfer went through and I now had $500 in bitcoin. I went ahead and logged out and disconnected my VPN. I also knew Connors social because he had everything saved on his laptop like his passport, birth certificate, and social security. The next morning I drove over to his house and waiting for him to leave for the morning. I watched him get into his car from a street over and pull out of his driveway. He then sped off to the local bank, I proceeded to follow. I guess he found out $500 had been withdrawn from his account. After he was done in the bank he drove to Dunkin donuts. I then thought of an idea as he was inside. I got out of my car in the same parking lot and went over to his car and took my pocket knife out. I flipped it open and sliced his back tire open. I quickly got back in my car which was parked on the other side of the parking lot and waited for him to come out. He was pissed. I could tell because he just stood there and looked around trying to find the person who had done it. I sat in my car looking at him just snickering to myself. I was getting so much joy from watching him in anger. He took his phone out and called someone. He got back in his car and just sat there. I then saw another car pull in the parking lot about 15 minutes later. It was Jess. She pulled in and parked next to Connor’s car. He got out and sat in the front seat of Jessica’s car. I could care less now to watch so I went out of the back entrance and went back home.
I went onto my computer when I got home to open the software to view Connor’s laptop. I had a feeling that the bank would have told him to look for spyware on his computer when he got home so I made sure to get on before he could. I went ahead and deleted every traceable script that was linking the laptop to the RAT. I had scripted another code to perform as a startup manager which looked like windows software. It wouldn’t be picked up by antivirus so I just copied the RAT onto my new script and loaded onto his laptop remotely. I then went ahead and logged back onto his bank account and it was frozen. I wasn’t surprised. I thought they would have done something like this. I had a backup plan though. I went ahead and logged into his iCloud with his username and password which was conveniently saved from google. I searched for “Wheres my iPhone” and found where Connor was. I saw that he was at some apartment complex not far from me so I left my house and went there. It was dark out at this point and he was inside Jessica’s apartment. I parked my car and got out to search for his car. I took my jacket with me and wrapped it around my hand. I found his shitty old Honda just sitting there with a popped tire still. I took my knife which had a glass breaker and put it right against his window. It then cracked and I hit that window as hard as I could with my hand wrapped in my jacket. It broke and glass was everywhere. His car alarm was going off at this point so I had to do what I did next very fast. I looked inside his glove compartment and found his registration and insurance papers. I stuffed them in my pockets and looked through the center console. I found his wallet and a couple of condoms. I took his wallet and got the hell out of there. I sped out of the apartment complex and went back home fast, hoping no cops would see me.
I got back inside my house and looked inside Connor’s wallet. It had about $40 in cash and a little baggie of weed. There were credit cards in there as well. I had a perfect idea. I went onto a proxy and searched for the same bitcoin website I had recently been on. I went ahead and bought approximately $4,500 worth in bitcoin from every single credit card Connor had. I knew that this would destroy his credit score. I knew he wouldn’t be able to get an apartment with bad credit but, he was still living with his mom anyways. I now had extra resources to destroy Connor’s life. I knew that Connor wouldn’t be able to fix that broken window and most definitely wouldn’t be able to drive to work now because all of his papers to legally drive were now in my possession including his driver’s license. He had no money. I needed to move on with my next step to remove Jess from the equation.
I need to find a flaw in their relationship or something to exploit. I went ahead and completed my research on Jessica. Before I go on, I need to mention that Connor had now pulled the police into this. The bank and the police were now going to try and find out who had been messing with him. They won’t be able to find a link between the two. I know this for sure. Although knowing the police are involved it just made this game more fun. I like the attention that I am causing. Let me get back to what I had found on Jessica. What do you know? She was fucking with another dude. How do I know this you might ask? Well, I went ahead and looked around her Facebook and Instagram followers looking at mostly male followers. I ran a program that looked through her direct messages and found an account of another guy in the area. It looks like they went to the same high school. I looked through the messages and they were all flirts back and forth and she finally told him to message her on Snapchat. I, unfortunately, do not have access at this moment to look into her Snapchat messages but this is enough for now. I went ahead and took some screenshots of the messages and spoofed a text message to her saying “Looks like you got a little problem here don’t you?” Attaching the screenshots. She replied saying, “Who are you??? What do you want??” I simply replied back with “Oh nothing much, just pick who you want to keep … Connor is a dick anyway.” She replied, “You have no business in this … how did you even get into my messages?” I then said, “Don’t worry about it Jess, just tell Connor you guys aren’t working out anymore… and you won’t hear from me again.” A simple blackmail is all it took.
Guess he wasn’t really worth it. Never knew how to treat a woman right anyways. Now that Jess was out of the equation I could go ahead and proceed with ruining his life. I went ahead and called into his work. A lady picked up “Hello, [Name of car dealership] this is Lisa speaking, How may I help you?” I went ahead and said, “Ah yes, I recently had my car worked on here and I would like to make a complaint against one of your workers…” She replied with “Ok sir, and do you know the name of the employee?” I said, “Yes I do, Connor [last name]. I saw a scratch on the back of my car which looked like a key or something pulled the paint off. I saw this as soon as I got home from getting my car maintained on.” She said, “Ok sir, I will go ahead and mark down your complaint and we will handle it accordingly… if you would like you could come back so we can get more info from you and we could have someone take a look at the damage?’ I said, “No that won’t be necessary after what you guys have already done, thanks.” I then hung up the phone. I know that this will most definitely get him fired.
I called him a couple of days after this with a masked voice from software that changed my voice. He picked up and I said, “How’s life been? … Shitty let me guess.” He replied with “Can I ask who the fuck is calling? And why do you care how my life’s been?” I said “Maybe this would help … you missing that $4,500? … Lifes a bitch isn’t it.” He said, “You’re going to be arrested for stealing that money .. the police are looking into it.” I said “Oh, Connor I already know that … I’m three steps ahead of them already. I mean I guess Jess doesn’t want to date poor guys huh?” He said, “How the hell do you even know me … what do you want from me?” I said, “Connor go outside there’s a package for you and maybe a couple of your answers will be in there.” I hung up. Before calling him I made sure that a package with nothing except a USB was in there. It was meant to be plugged in and it would be erased within 1 hour of opening the contents … the contents were a txt file with the title of README.txt. It wasn’t a virus or anything it was just a document meant to be read. Once opened it would have a paragraph saying:
Hello Connor, the man that you were just speaking with knows everything about you and will not hurt you. You are playing the game of life. Its simple. You are a pawn in my game. I pick and choose what you do and how you do it. You may not see it but, everything that has been going on in your life the last couple of months has been of my choosing. I’ve been in the process of taking little bits of your life away. One by one. You see it all started back in high school when I took your little girlfriend away. I made her think you cheated on her. Easy. My next step would be to take away all of your money. Poof just like magic. All gone. Your credit is down the drain. The second step was to take away your transportation. No way to drive without any money. The broken window doesn’t help either. Or maybe no driver’s license. I then took your love life away. Jessica is no longer in your life. Well, maybe you might just go back to work to make more money …. Wrong you see. You no longer have a job. Don’t bother going in tomorrow because there was a report of you “damaging” a customer’s car. You may be reading this pretty upset because you have no way of fighting back. Well, that’s where I come in. I will give you a chance. In order to stop playing my game, I will send you an address and all you have to do is show up. Sounds easy? I hope so, for your own sake.
P.S: If you bring the police … the game ends differently. Not in your favor.
I was almost finished with Connor. I needed to do one more thing before I send him the address. I was never going to let him have an easy way out, no. I planned to make him go to a park that was at least an hour out of the direction. This would be a diversion away from his house so I could carry out my plan. I had recently bought with “Connors” money from the $4,500 that I converted into bitcoin approximately 4 kilos of crack cocaine. It would ship domestically so it wouldn’t be searched by customs. I then planned on having it shipped to a nearby drop zone which was an abandoned factory outside of town. I then would take this and put it into a backpack without putting my fingerprints on it. I then also had a USB that would boot up into the dark web which had all of Connors’s personal info like it was his. I also made the password his most commonly used password for the USB. This would link directly back to Connors’s local IP address which I had set onto the USB. I also remotely bought the drugs with Connors’s laptop. My plan here would be to send in an anonymous tip from a payphone to the local police station that there was a large package of crack cocaine shipped to Connors’s address. I also planted the baggie of weed which had Connors fingerprints on them in the back porch of his house. This would give the police probable cause to search the house for drugs. I would assume that they would have already brought a warrant but, just in case I had done that for precautionary reasons. This all would happen tonight. This is when I would successfully ruin Connor’s life. I would send him to prison for years. He would be sentenced with multiple felonies of drug possession and intent to sell. The large quantity that he would be possessing would give him no parol either.
I had the vendor on the dark web pack baggies of grams pre-bagged and one large quantity as well. This would give him the charge of intent to sell as well. The investigation would come down to that he purchased them from his laptop with his credit cards. Nothing would be traced back to me. I made sure of this because I had corrupted all of my hard drives back at home by microwaving them. There was no personal connection to Connor with me. So, I would not be looked into. I was just a kid from his high school with a thousand other students. I had no connection to anyone in his family either. I went ahead and sent him the name of the park through a random phone number I generated and said, “Connor you have 90 minutes to be here, or the game continues.” I was outside his house a street over waiting for him to leave. I saw him leave which was around 12:30 am and everyone was asleep in his house. I set a timer on my phone for an hour which was my time to plant everything and get out before Connor was home. I then went to his back porch and planted the baggie of weed at his bedroom window. He was stupid enough to leave his window open and I opened it and went inside his room. I had gloves on at this point before I left my car. I dropped the backpack inside his closet and plugged in the USB that I had prepared into his laptop which was sitting on his desk. I then left through his window locking it before stepping out. I made sure the weed was sitting nicely on the outside of his window. I then walked back to my car. I checked the timer on my phone and it was at 35 minutes. I knew he would be at the park before the timer was up. I went to a closed parking lot that I scoped out before planting the evidence which had a payphone. I called in and said, “392 [Street] there is a large number of drugs which is owned by Connor [last name]. I am sending this tip in and would like to keep it anonymous for my safety.” I hung up and left the parking lot immediately. On my way back home I got a text from Connor replying with “I’m here … what do you want me to do to end this stupid game?” I replied with “It easy … take your phone and throw it into the lake … You will receive your money back after this last task is done.” He said, “How do I know you’re going to follow through on your end?” I said, “If you don’t do it, you don’t get your money …you are a player of my game remember, you follow my rules and you can win.” I then sent another message saying, “Tomorrow check the balance of your bank, and all the money will be back where it rightfully belongs. Goodbye now.” This would be the last step in covering up everything I had messaged him. He is just playing every card I told him without even knowing. I then called the phone 5 minutes later to see if it connected me through. I called and it said, “The phone number you’ve dialed is no longer in service … please call back later.” My plan was now complete and Connor will be arrested within the hour. I got home and went to sleep without a problem. I woke up the next morning and turned the news on. The headline was “Breaking News: Man in local [county] was arrested last night for drug trafficking.” This was music to my ears hearing the lady speak about the details of the arrest and hearing her say Connor’s name. She said it like he was some criminal and boy did I love that. I looked up the details of the arrest on google and clicked on the first link. [Connor ****** arrested last night for drug traffiking] I saw his mug shot and it said under it that he could be sentenced up to 25 years and up to $20,000 in fines for intent to sell crack cocaine. This was the end of Connor’s free life. He was now a convicted felon and would never have his original life back. My game was now completed and he was the pawn to complete it.
Chapter 2

submitted by idonthavemuchtime12 to mrcreeps [link] [comments]

I ruin people's lives for fun, this is my story.

Let me start by introducing myself, my name is Alex. I am 20 years old and clinically diagnosed with ASPD or Antisocial personality disorder. My diagnosis was given to me back in high school in my Junior year. It was pretty hard making friends or at least keeping them. You see when I try to make friends I usually only go into a relationship because of one thing; to get something in return. You could call it manipulating or deceiving people but, I don’t see it that way. I’ve had many therapists and physiatrists try to help me or figure out what’s wrong with me in the past but, I would just feed them the information they want to hear. Its pretty simple, give them all the shit they need to write down on their little piece of paper and it is music to their ears. Besides that, let us get to the story. Now you see the two key people back in high school were “Mike” and “Connor” and they were it. They had the girls, the popularity, the friends. They both were the biggest athletes in the entire school. This is important because I wanted that, but I couldn’t have it. Call it jealousy or whatever but, who wouldn’t want people to look up at you and have their names written in the daily paper.
High school was a bitch for me. I never had many friends or any real ones at least. I was known as the weird kid but, whatever right. Everyone says high school is tough for everyone. I believe it. Life gets back at people who deserve it though. Now Mike was the quarterback of the football team and he knew everyone and everyone knew him. I one day sent him a message on Snapchat and said: “Hey Mike, I know you don’t know me but, I think you’re a cool guy.” He then replied with “Who are you? Whatcha want dickhead?” I told him “Nothing much man, just thought we could be friends or something, we’re in the same Spanish class.” He said, “Oh, cool your that kid that sits in the back right?” I said, “Yeah, what are you doing?” He then said, “Nothing much man, listen I got a party next weekend with a free crib if you tryna come.” I then told him I’d let him know. This was perfect because I knew exactly what I would do. I planned on seeing Connor there with his girlfriend Liz. That was important because I hated seeing the way Connor would treat her. He just used her for sex and shit and never really respected her. I knew how I would fix that though, and it would be at that party.
Well, I got to the party and there were at least 50 kids there. I saw a couple of familiar faces but couldn’t care at all. I was there for one thing and one thing only. To ruin their relationship. Call me a dick but, he was way worse than me. I once saw Liz come into school with a bruise on her face and knew it was from him. I finally saw them out back near the pool. I had a plan. I would text Connor’s phone from a different number making it look like it was some other chick texting him and Liz would be right there to see it. I went outside and he was drinking, probably already drunk. I could see them from across the pool and haven’t seen Mike yet. I was about to text him and then Mike came up and tapped me on my shoulder with two drinks in his hand. He said “Yooo, Alex you came!” I laughed awkwardly and said, “Yeah man, wouldn’t miss it.” He said, “You want a drink?” Gesturing the second cup to me. I took it and said “Thanks, man.” He said, “I’ll see you around, there’s more beer in the kitchen.” He walked away and now I pulled my phone out. I went on to the app which I would text him from and texted: “Hey Connor, I had a really good night last night with a winkie emoji.” I then sent it waiting for Liz to look over his shoulder. She did and read the message. They started to argue and Liz poured his beer all over his face. My plan was working just right. I then saw Liz walk inside in a rush. I pretended to bump into her and said: “Oh my fault didn’t see you there.” She laughed and said, “Oh my god, it’s you, Alex.” I then laughed as well and said, “You good?” She replied with, “No actually, I just found out Connor was cheating on me with some slut.” I said “Oh, that blows … you want a ride home?” She said, “No I’m good, I’ll just have Grace drive me home.” I preceded with, “You sure, I live super close to here anyways, I was just about to go home too.” She said, “Ok, sure that’s fine.” I then got in my car and we started to talk. I said, “So, how’d you find out?” She said, “Some bitch texted him saying that they slept together last night.” I then said, “Damn, what’s your address by the way?” She then said something that surprised me. “I can’t go home like this, my moms gonna know I’m drunk and I’ll never be able to go out again.” I said, “Well, what you wanna do then?” She said, “Um, I don’t know .. we should go to a park.” I said, “Oh ok, what park?” She gave me the name and we went there. I parked my car in the parking lot and said: “Whatcha tryna do now?” She then said, “Shut up stupid.” Hushing my lips for me. We made out that night and I dropped her back off and went home as well.
That week in school I got a snap from Connor. It was during lunch and I clicked on it. I saw the five words that couldn’t make me happier: “I know what you did.” I replied with, “What? What did I do now?” He said, “you hooked up with Liz.” I left him on open and went about my day. I then saw him in the parking lot after school near my car. He came up to me and screamed in my face: “SO YOU THINK YOU CAN JUST STEAL MY GIRL WITHOUT ME DOING ANYTHING?” I laughed right in his face and said, “Well, she isn’t with you anymore now, is she?” He then yelled: “Well, you think you’re just going to go about your day or something?” I said laughing, “Yeah, I was planning on going to Liz’s house after school.” He then jumped on top of me pinning me to the ground, socking me right in the jaw multiple times. I tried throwing some back but, he had my hands pinned to my side. He got up and said, “Fuck with her again and you won’t be getting up.” I got up with my nose bleeding and got into my car and went home.
That was 2 years ago and boy have I got my revenge. Let me start by saying I have no regrets about what I did. Everything I had done was for my satisfaction. You see I don’t care who’s life I ruin … as long as I get something out of it. Connor graduated high school with not much going for him. He had a job at a car dealership as a mechanic or something like that and never went to college. I never went to college so I won’t judge but, I had other plans after high school. I wanted to ruin Connor’s life, and I never stopped until I completed that process. It started with pretty small things like when I tried ruining his relationship back in high school. He was always a dick and who better to fuck with then a worthless piece of shit like Connor. I messaged him a couple of months ago saying: “Hey old friend … remember me?” He replied with “Yeah, the kid I beat the shit out of … I remember you.” I knew he would say something like this so, I sent him a picture of myself and his sister I photoshopped to look as if we were together. He replied with, “What the hell are you doing with my sister … she doesn’t date weird fucks like you.” I replied with, “Oh well looks like her type changed?” I was just sitting on my computer laughing my ass off from how gullible this kid was. He then messaged his sister Claire, which I thought he would do. “Are you dating a kid named Alex?” I had hacked into her phone which was pretty easy because I sent her a phishing email that looked like a women’s clothing company that I knew she had an interest in because of her Facebook. She clicked it and it then downloaded a key logger onto her phone which would send anything that was on her phone to me directly. I override it and replied as her saying: “Haha, yeah … me and him just started talking.” Everything that was being sent right now would delete as soon as I exited the software. I then texted him saying, “Claire is one beautiful woman, kind of reminds me of Liz…” He then said, “You know you’re a real dick you know ….” I said, “Haha the one who beat the shit out of their girlfriend in highschool right … I’m the dick.” I then said, “Hey how’s life going for you ... washing people’s cars ….” He replied with “Fuck you man … go do something with your time.” I ended the conversation with “Ok bud, I’ll let you know how she is in bed…” Now, this was just the first thing I would do to fuck with Connor’s life. A couple google searches for his name and I now had his address … He was still living with his parents at the time. I then went ahead and waited for him to get done work to order a couple of pizzas to his house and make him pay for them. A couple I mean by ordering 20 pizzas all with extra toppings. That was definitely a pricy delivery. A total of $300 if you want to round up. I called in and said I would pay in cash and my name was Connor; I gave the lady on the phone his address and it was as easy as that. You might be asking why I care so much to fuck with someone’s life … It’s easy, I get joy out of it. You see these were the baby steps to ruin someone’s life.
My next attempt would be going to a personal level. Connor had a laptop at home and I went ahead and hacked it. It was easy knowing how stupid he was. He would fall for anything. So I sent him an email that led him to a link that would automatically download a fake porn movie. He would run the download and I would then have access to everything on his computer. Everything. I had every username and password of every website he used including bank accounts, emails, videogames, documents, social media, and much more. I also could see what he was doing by his webcam which he never turned off. He also had a new girlfriend at the time and her name was Jessica or Jess for short. I planned on ruining their relationship too. One night I logged into one of his bank accounts to see what his balance was … It was $1,243.50. So I went ahead and requested a withdrawal to a website that would transfer it into bitcoin. I requested $500 to see if it would work without causing any attention. The transfer went through and I now had $500 in bitcoin. I went ahead and logged out and disconnected my VPN. I also knew Connors social because he had everything saved on his laptop like his passport, birth certificate, and social security. The next morning I drove over to his house and waiting for him to leave for the morning. I watched him get into his car from a street over and pull out of his driveway. He then sped off to the local bank, I proceeded to follow. I guess he found out $500 had been withdrawn from his account. After he was done in the bank he drove to Dunkin donuts. I then thought of an idea as he was inside. I got out of my car in the same parking lot and went over to his car and took my pocket knife out. I flipped it open and sliced his back tire open. I quickly got back in my car which was parked on the other side of the parking lot and waited for him to come out. He was pissed. I could tell because he just stood there and looked around trying to find the person who had done it. I sat in my car looking at him just snickering to myself. I was getting so much joy from watching him in anger. He took his phone out and called someone. He got back in his car and just sat there. I then saw another car pull in the parking lot about 15 minutes later. It was Jess. She pulled in and parked next to Connor’s car. He got out and sat in the front seat of Jessica’s car. I could care less now to watch so I went out of the back entrance and went back home.
I went onto my computer when I got home to open the software to view Connor’s laptop. I had a feeling that the bank would have told him to look for spyware on his computer when he got home so I made sure to get on before he could. I went ahead and deleted every traceable script that was linking the laptop to the RAT. I had scripted another code to perform as a startup manager which looked like windows software. It wouldn’t be picked up by antivirus so I just copied the RAT onto my new script and loaded onto his laptop remotely. I then went ahead and logged back onto his bank account and it was frozen. I wasn’t surprised. I thought they would have done something like this. I had a backup plan though. I went ahead and logged into his iCloud with his username and password which was conveniently saved from google. I searched for “Wheres my iPhone” and found where Connor was. I saw that he was at some apartment complex not far from me so I left my house and went there. It was dark out at this point and he was inside Jessica’s apartment. I parked my car and got out to search for his car. I took my jacket with me and wrapped it around my hand. I found his shitty old Honda just sitting there with a popped tire still. I took my knife which had a glass breaker and put it right against his window. It then cracked and I hit that window as hard as I could with my hand wrapped in my jacket. It broke and glass was everywhere. His car alarm was going off at this point so I had to do what I did next very fast. I looked inside his glove compartment and found his registration and insurance papers. I stuffed them in my pockets and looked through the center console. I found his wallet and a couple of condoms. I took his wallet and got the hell out of there. I sped out of the apartment complex and went back home fast, hoping no cops would see me.
I got back inside my house and looked inside Connor’s wallet. It had about $40 in cash and a little baggie of weed. There were credit cards in there as well. I had a perfect idea. I went onto a proxy and searched for the same bitcoin website I had recently been on. I went ahead and bought approximately $4,500 worth in bitcoin from every single credit card Connor had. I knew that this would destroy his credit score. I knew he wouldn’t be able to get an apartment with bad credit but, he was still living with his mom anyways. I now had extra resources to destroy Connor’s life. I knew that Connor wouldn’t be able to fix that broken window and most definitely wouldn’t be able to drive to work now because all of his papers to legally drive were now in my possession including his driver’s license. He had no money. I needed to move on with my next step to remove Jess from the equation.
I need to find a flaw in their relationship or something to exploit. I went ahead and completed my research on Jessica. Before I go on, I need to mention that Connor had now pulled the police into this. The bank and the police were now going to try and find out who had been messing with him. They won’t be able to find a link between the two. I know this for sure. Although knowing the police are involved it just made this game more fun. I like the attention that I am causing. Let me get back to what I had found on Jessica. What do you know? She was fucking with another dude. How do I know this you might ask? Well, I went ahead and looked around her Facebook and Instagram followers looking at mostly male followers. I ran a program that looked through her direct messages and found an account of another guy in the area. It looks like they went to the same high school. I looked through the messages and they were all flirts back and forth and she finally told him to message her on Snapchat. I, unfortunately, do not have access at this moment to look into her Snapchat messages but this is enough for now. I went ahead and took some screenshots of the messages and spoofed a text message to her saying “Looks like you got a little problem here don’t you?” Attaching the screenshots. She replied saying, “Who are you??? What do you want??” I simply replied back with “Oh nothing much, just pick who you want to keep … Connor is a dick anyway.” She replied, “You have no business in this … how did you even get into my messages?” I then said, “Don’t worry about it Jess, just tell Connor you guys aren’t working out anymore… and you won’t hear from me again.” A simple blackmail is all it took.
Guess he wasn’t really worth it. Never knew how to treat a woman right anyways. Now that Jess was out of the equation I could go ahead and proceed with ruining his life. I went ahead and called into his work. A lady picked up “Hello, [Name of car dealership] this is Lisa speaking, How may I help you?” I went ahead and said, “Ah yes, I recently had my car worked on here and I would like to make a complaint against one of your workers…” She replied with “Ok sir, and do you know the name of the employee?” I said, “Yes I do, Connor [last name]. I saw a scratch on the back of my car which looked like a key or something pulled the paint off. I saw this as soon as I got home from getting my car maintained on.” She said, “Ok sir, I will go ahead and mark down your complaint and we will handle it accordingly… if you would like you could come back so we can get more info from you and we could have someone take a look at the damage?’ I said, “No that won’t be necessary after what you guys have already done, thanks.” I then hung up the phone. I know that this will most definitely get him fired.
I called him a couple of days after this with a masked voice from software that changed my voice. He picked up and I said, “How’s life been? … Shitty let me guess.” He replied with “Can I ask who the fuck is calling? And why do you care how my life’s been?” I said “Maybe this would help … you missing that $4,500? … Lifes a bitch isn’t it.” He said, “You’re going to be arrested for stealing that money .. the police are looking into it.” I said “Oh, Connor I already know that … I’m three steps ahead of them already. I mean I guess Jess doesn’t want to date poor guys huh?” He said, “How the hell do you even know me … what do you want from me?” I said, “Connor go outside there’s a package for you and maybe a couple of your answers will be in there.” I hung up. Before calling him I made sure that a package with nothing except a USB was in there. It was meant to be plugged in and it would be erased within 1 hour of opening the contents … the contents were a txt file with the title of README.txt. It wasn’t a virus or anything it was just a document meant to be read. Once opened it would have a paragraph saying:
Hello Connor, the man that you were just speaking with knows everything about you and will not hurt you. You are playing the game of life. Its simple. You are a pawn in my game. I pick and choose what you do and how you do it. You may not see it but, everything that has been going on in your life the last couple of months has been of my choosing. I’ve been in the process of taking little bits of your life away. One by one. You see it all started back in high school when I took your little girlfriend away. I made her think you cheated on her. Easy. My next step would be to take away all of your money. Poof just like magic. All gone. Your credit is down the drain. The second step was to take away your transportation. No way to drive without any money. The broken window doesn’t help either. Or maybe no driver’s license. I then took your love life away. Jessica is no longer in your life. Well, maybe you might just go back to work to make more money …. Wrong you see. You no longer have a job. Don’t bother going in tomorrow because there was a report of you “damaging” a customer’s car. You may be reading this pretty upset because you have no way of fighting back. Well, that’s where I come in. I will give you a chance. In order to stop playing my game, I will send you an address and all you have to do is show up. Sounds easy? I hope so, for your own sake.
P.S: If you bring the police … the game ends differently. Not in your favor.
I was almost finished with Connor. I needed to do one more thing before I send him the address. I was never going to let him have an easy way out, no. I planned to make him go to a park that was at least an hour out of the direction. This would be a diversion away from his house so I could carry out my plan. I had recently bought with “Connors” money from the $4,500 that I converted into bitcoin approximately 4 kilos of crack cocaine. It would ship domestically so it wouldn’t be searched by customs. I then planned on having it shipped to a nearby drop zone which was an abandoned factory outside of town. I then would take this and put it into a backpack without putting my fingerprints on it. I then also had a USB that would boot up into the dark web which had all of Connors’s personal info like it was his. I also made the password his most commonly used password for the USB. This would link directly back to Connors’s local IP address which I had set onto the USB. I also remotely bought the drugs with Connors’s laptop. My plan here would be to send in an anonymous tip from a payphone to the local police station that there was a large package of crack cocaine shipped to Connors’s address. I also planted the baggie of weed which had Connors fingerprints on them in the back porch of his house. This would give the police probable cause to search the house for drugs. I would assume that they would have already brought a warrant but, just in case I had done that for precautionary reasons. This all would happen tonight. This is when I would successfully ruin Connor’s life. I would send him to prison for years. He would be sentenced with multiple felonies of drug possession and intent to sell. The large quantity that he would be possessing would give him no parol either.
I had the vendor on the dark web pack baggies of grams pre-bagged and one large quantity as well. This would give him the charge of intent to sell as well. The investigation would come down to that he purchased them from his laptop with his credit cards. Nothing would be traced back to me. I made sure of this because I had corrupted all of my hard drives back at home by microwaving them. There was no personal connection to Connor with me. So, I would not be looked into. I was just a kid from his high school with a thousand other students. I had no connection to anyone in his family either. I went ahead and sent him the name of the park through a random phone number I generated and said, “Connor you have 90 minutes to be here, or the game continues.” I was outside his house a street over waiting for him to leave. I saw him leave which was around 12:30 am and everyone was asleep in his house. I set a timer on my phone for an hour which was my time to plant everything and get out before Connor was home. I then went to his back porch and planted the baggie of weed at his bedroom window. He was stupid enough to leave his window open and I opened it and went inside his room. I had gloves on at this point before I left my car. I dropped the backpack inside his closet and plugged in the USB that I had prepared into his laptop which was sitting on his desk. I then left through his window locking it before stepping out. I made sure the weed was sitting nicely on the outside of his window. I then walked back to my car. I checked the timer on my phone and it was at 35 minutes. I knew he would be at the park before the timer was up. I went to a closed parking lot that I scoped out before planting the evidence which had a payphone. I called in and said, “392 [Street] there is a large number of drugs which is owned by Connor [last name]. I am sending this tip in and would like to keep it anonymous for my safety.” I hung up and left the parking lot immediately. On my way back home I got a text from Connor replying with “I’m here … what do you want me to do to end this stupid game?” I replied with “It easy … take your phone and throw it into the lake … You will receive your money back after this last task is done.” He said, “How do I know you’re going to follow through on your end?” I said, “If you don’t do it, you don’t get your money …you are a player of my game remember, you follow my rules and you can win.” I then sent another message saying, “Tomorrow check the balance of your bank, and all the money will be back where it rightfully belongs. Goodbye now.” This would be the last step in covering up everything I had messaged him. He is just playing every card I told him without even knowing. I then called the phone 5 minutes later to see if it connected me through. I called and it said, “The phone number you’ve dialed is no longer in service … please call back later.” My plan was now complete and Connor will be arrested within the hour. I got home and went to sleep without a problem. I woke up the next morning and turned the news on. The headline was “Breaking News: Man in local [county] was arrested last night for drug trafficking.” This was music to my ears hearing the lady speak about the details of the arrest and hearing her say Connor’s name. She said it like he was some criminal and boy did I love that. I looked up the details of the arrest on google and clicked on the first link. [Connor ****** arrested last night for drug traffiking] I saw his mug shot and it said under it that he could be sentenced up to 25 years and up to $20,000 in fines for intent to sell crack cocaine. This was the end of Connor’s free life. He was now a convicted felon and would never have his original life back. My game was now completed and he was the pawn to complete it.
Chapter 2
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Issuing money by global central banks is a great opportunity for stablecoins," says Digital Gold Advisor Dr. Walter Tonetto

Issuing money by global central banks is a great opportunity for stablecoins,
Last week we talked with our adviser and CEO at Nusantara Trust Dr Walter Tonetto. He answered a number of questions that interest our customers.
How did you land in the cryptocurrency / blockchain space?
I was advising startup businesses in the technology space, and when 2016 came around, I asked Scotty, the feisty chief engineer of the U.S.S. Enterprise, to beam me into the heart of the finance system; I felt more and more the irresistible tug towards remodeling the current toxic financial system. Purposive remodeling, of course, is going on all the time, and it’s a knife that cuts into two directions. The vast majority of the ‘woke’ crowd actually believe that they can ‘disrupt’ the power of the elites that control all money flows. Bathing limestone statues – registering about 4 on the Mohs scale and 0 on the scale of reason -- of past leaders in district waters may give you a feeling of breathing the air of revolution and tiring unknown muscle-groups in your shanks, but think of it like a father watching his child toss around shovels of soil in a sandbox; he smiles benignly from afar, knowing it won’t change a thing; all the luxurious appointments at home won’t get touched. It is a grave illusion to suppose that by playing around with payment systems and technologies we will actually change the role and the emission of money. You may be permitted to become the shoe-shine boy in the royal household, but don’t think you will marry the princess and dilute the royal blood! But understanding the constitutive parts of power aggregation, and working over significant time-frames, allows for approaches and solutions; -- but these should come not from another adversarial position, thus merely marking a displacement of the incumbent, a change of guard, but from an authentic re-orientation, of making benefits much more widely possible and not creating monetary systems that are grossly imbalanced and highly destructive. That, and not building tech stacks, is the challenge!
What was your initial reaction to bitcoin?
Well, I was following the file-sharing service Napster since it started, around 1999 – when the U.S.S. Enterprise was sitting pier-side at Huntington Ingalls Newport shipyard, rusted and gutted, and to me the P2P sharing paradigm was always present in my mind, shining buffed and radiant, so even the centralized Napster was something wholly natural to me – Dr Sheldrake calls it morphic resonance. We live with a great deal of blurriness, though. On the one hand, we think of the virtues of sharing; on the other, there is a seemingly indefatigable impulse to control and dominate. Sean Parker, after founding and floundering with Napster, became a cocaine-snorting egotist and president of Facebook. Collecting money for a charity, he gets aggressive with people who do not follow suit. A control-freak in overdrive. Notwithstanding the technical variations, BTC, seemingly freeing us up from fiscal controls and yet showing our craving for money, exemplifies the flawed perception at the root of things. Monero, which sounds like a much faster, highoctane vehicle, a CV8-Z of the crypto-track, beats BTC in regard to privacy and fungibility, though BTC has advantages in other areas.
Which is a much more common trend nowadays?
It’s hard to make out the shapes of wild-life in the current kangaroo market we’re in. The bulls and bears have mauled one another, and the kangaroo, bereft of oxygen on account of wearing a tight mask, is hopping wildly everywhere. But clearly the possibilities of digital currencies became un-tethered via Bitcoin and the querulous and hidden Satoshi. I like to think of him more as an idea rather than as a person; an idea is generally more malleable and consequential. For instance, rather than laud the benefits of crypto for FX and cross-border payments, the possibilities of a central-bank issued digital currencyENCOMPASS THE POTENTIAL to inscribe new roles for programmable money; for how money is issued, how it is used, and what role custodial mechanisms (traditionally in the hand of commercial banks) might have. I see HUGE potential for private firms to enter the equation here, but we need more open-minded and intelligent regulators that do not always look for the rungs of the career-ladder in any move they make! A DAO could be most helpful here, but we are currently under the terror of algorithms that are not concerned with the welfare of the greatest number of people. If I had the time I would coauthor a book on this theme with a skilful mathematician (perhaps with my son, who is completing a Ph.D in near-term Quantum Algorithms).

In 2018 I was keynote speaker at the BlueWhale forum in Seoul, and I spoke about an Algorithm of Peace. I had a clutch of people approach me straight after the talk, some from Korea, others from the U.S., and ask me to develop my ideas in book form.
Where do you see the price of bitcoin going over the next few years?
I wouldn’t speculate, but since everyone is shilling it, it is bound to keep pushing north, occasional blockages otwithstanding. I always look for twists and incongruities in the usual narratives on offer. Many BTC fans talk about the unbanked, but BTC is held by what will become another elite in due course, and the unbanked will later be serving them the chilled drinks between innings, as usual.
Do you think that there’s a time for altcoins to break out and move away from the movements of bitcoin? What’s that tipping point that needs to take place?
I have some notions under which alt-coins can take the lead and leave bitcoin behind, but it’s too complex to explain the conditions for that to occur. Once very solid use-cases have been established with a clutch of alt-coins, bitcoin might begin quavering in his boots. That alt-coins should take BTC as a benchmark speaks volumes about the lack of maturity of this young and over-eager market. The fuzzy umbilical cord is always present like a foot-tangle; alt-coins must find their own ground, and clip the connection to a vagrant father. Finance needs clarity and not fuzziness. Keep in mind that many sovereign nations bridle at the calamitous influence of the US on payment systems, so nations are building their own messaging systems outside SWIFT, and their own securities exchanges are following. But remember: these are all crumbs: the U.S. can shut down payments to any recipient accounts by informing the payments company and doling out threats. And since all alt-coins and fiat currencies are connected to payment gateways in some form, the U.S. would have to begin reforming its archaic ACH structure to enable efficiencies in the financial pipes, which does not offer real-time payments functionality. This accounts for the relative simplicity (and success) of the PayPal business model (which Venmo and Dwolla later emulated without using credit cards). But understand that the elites will always protect the real crown jewels, and incite wars (or street battles and racial squabbles, as we’re witnessing in the U.S. in mid 2020) so that they can get away with major financial heists in broad daylight. It’s all smoke and mirrors, and scorched talons if you look closely: you cannot trust the reflection you will receive on a smoky pane. Only the big players know the predetermined outcome.
One fundamental misprision occurs amongst alt-coin apologetes: they fail to understand how markets move and what the designated role of money is in markets. Even if you want to displace something, you first need to understand exactly what you’re dealing with, but that is rarely the case. Yes, banks are structurally and constitutionally part of the problem, but no government will dare cross swords with them: there is still too much aggregated power. Ripple and Stellar are two Blockchains that are working with, and not against, banks, and that likely makes them much better candidates for wide acceptance.
What’s one must-read book you recommend to everyone?
That depends so very much on who’s sitting opposite me! I wouldn’t push what is not naturally aligned. But I would push a couple of films urgently, as essential viewing for everyone:
“Vaxxed: From Cover-Up to Catastrophe” (and a sequel), which profoundly shocked me, but confirmed my suspicions. Talking about books: one gets a good sense of the kind of books I would counsel people not to touch, unless an overweening impulse bade them otherwise. For instance Steve Pinker, a favourite author of Bill Gates. Pinker in Gates’ hands explains a lot about the character of the reader, the latter of whom I consider one of the most dangerous people on the planet at the moment. If we stay with Pinker for a moment, since he’s famous and fashionable (Harvard professor with a Medusa hairdo and an effete libertarian air, who in “Better Angels of Our Nature” has affirmed that man is not innately good), we note in his presentation in regard to his ineptly titled book “Enlightenment” that he falls prey to the very flaws he chastises, the classic Münchhausen trilemma (in Jakob Fries’ phrase). Picture Baron Münchhausen pulling himself out of quicksand by his own hair! That he is beholden to neoliberal befuddlement becomes clear when two of the opening images of his talk show Vladimir Putin with a rifle andDonald Trump speaking on a podium. The classic neoliberal Harvard think-tank shows reason to be failing and drowning in pious gestures to the cognoscenti and anointed. I like to look for effective counters for specious and shallow argument: for instance, Rupert Sheldrake’s “The Science Delusion” is a splendid book that bucks the Dawkins’, Pinkers and other materialists of this age. You see, if one listens to Pinker with the head alone, his pedestrian epistemology might not irk, and some ideas might appear plausible enough in a desultory encounter, but if you really want to know the meaning of things, and discover how it relates to the heart, you feel betrayed and given short shrift by him. Among the platitudes he gives out in carefully parsed syllables, the movement of his forehead and eyes betray the spirit behind the façade. Yet I always look, like Yeats, for those who “had changed their throats and had the throats of birds”!
What’s the rainbow trout of the year? Nut-like flavour, the eye still gleaming, with tender, flaky flesh? There are many books I could cite for different genres. The vast majority of modern writers, for all their accomplishments, lack genius, don’t really understand the art of writing, and so cannot hold my attention for long. For those who are open-minded and spiritual, “A Course in Miracles” cannot be bested, but don’t touch it unless you’re really willing to dive deep. There is no need to save the world, since it is nothing but projection; there is no world. You might experience the deepest sigh of relief, as if Atlas had cast off a burden after the Titanomachy. Paul Celan once remarked that “reality is not simply there, it must be sought for and won.” Snorkeling near the surface and blowing bubbles won’t cut it.
We are living in times of great manufactured unrest, which will only heighten in coming months and years, and so I would offer a guernsey to Seamus Heaney. I had met him many years ago, alas cursorily, at a symposium at Waseda University where I was working as a Gaikokujinkoshi, an Associate Professor, where another Nobel laureate, Kenzaburō Ōe and he were giving a reading. Heaney was inspired to write “The Grauballe Man” on the basis of the bog man that he had seen in a book of prehistoric times, but the troubles in Ulster were alive in him, too:
As if he had been poured in tar, he lies on a pillow of turf and seems to weep
the black river of himself. The grain of his wrists is like bog oak, the ball of his heel
like a basalt egg. His instep has shrunk cold as a swan’s foot or a wet swamp root.
Talking of Japan here, methinks, is an aculeate observation of Japan:
Cross the intersection at Shibuya Station in Tokyo on a forbidding wintry evening — touted as the world’s busiest cloverleaf — and you will feel this is Eliot’s London Bridge revisited, with quaggas (think half zebras) preserved in the tar of the five crossings; — flattened ebon bones dreaming the dreams of Pleistocene mammoths — as the mass of the dead mill past you, chasing some mirage, and often accompanied by a revenant that must have been disgorged from a Pachinko parlour. Blanched lilacs float in minarets of light beyond these bituminous quaggas, bidding the odd-toed ungulates in their psychotropic dernier cri and fuddy-duddies in theirstygian suits to sup here or buy over yonder: all tethered to their devices. One might be surprised that no cracks are forming at these arced crossings with strange requisitions folding into the hiemal air. And yet it is still more odd that so few people see this as a primped and pimped potter’s field, a graveyard for those who’ve lost their way. We’re living in an age where the multitude of the dead are pacing among us in perdurable trysts with other zombies.
The above text is from one of my unpublished works; again it speaks to me – and perhaps to you – about the quiddities of this age. There is a distinct sense of zombification taking place on the planet at the moment. Is your lineage that of Dolly, or are you magnificent and free?
Do you have any theories about who Satoshi is?
I don’t really, though I follow the haughty chit-chat at times, especially in the jejune forums LinkedIN provides. I think the person has a good reason to remain concealed (forever), but that is also a major factor why I have never fully trusted bitcoin as an investment proposition.
Keeping the provenance concealed suggests a number of things, none of them conducive to embracing bitcoin as a common form of payment.
What do you think about the prospects of gold in connection with the uncontrolled money printing by different Central Banks?
Gold is what BTC can never become, especially when its provenance remains totally unclear – as well as its likely endgame! Central Banks engage in quasi-criminal activity – and one hopes the future prudent regulator won’t be making it too difficult for people to hold gold bullion. The Perth Mint might be a splendid little dot on the global map, but beware of holding your assets in the form of gold coins: many governments will regard them as forms of payment, and may impose all manner of restrictions on the possession of it.
Let's dream a little. How stablecoins can be used after 5 years from now?
I believe the great RESET is coming – even Davos and the U.N. are alerting us to that. The Covid19 panic has been declared by more than 1500 German physicians as a “global Mafia-style deception”, and while Big Pharma and Bill Gates will likely earn trillions of dollars by the useless and potentially dangerous vaccines that will be foisted on “free” citizens, the finance system as a whole will need to be RESET. We are already receiving an inkling of how draconian and void of reason and concern for the people most governments of the world are reacting to a harmless lab-manufactured virus (virologist Prof Luc Montagnier, Nobel Laureate in medicine in 2008, said that), so it’s possible that regulators may become more tyrannical, and under some pretext or other forbid the use of alt-coins. STABLECOINS can be over-collateralized, allowing absorption of pricing fluctuations, but it will be hard to call. I believe many are bound to fail, and that even earlier, despite all their most valiant efforts: as soon as the RESET comes, which is likely to come with all manner of encumbrances. There are many reasons for the issuance of stablecoins, some having opposing views, but all are dependent on trust – and we don’tknow yet if digital currencies that governments will issue will by regulatory over-reach (including absurd compliance requirements) displace other contenders, but you can assume that the tyrannical forms of governance we are currently experiencing suggest that all kinds of skullduggery are possible.
Do you see the problem of fiat stablecoins in the fact that annual inflation constantly depreciates them? An investor who bought $1000 USDT now and sold these tokens in 10 years for $ 1000 will receive much less money.
The problem occurs if we’re converting things back into payment forms that are fundamentally flawed. Inflation and Black Swan events are the major threats to stablecoins, and tethered crypto-values to natively burdened propositions recalls my earlier idea that we have not yet cut the umbilical cord to bitcoin. On the other hand, stablecoins in their current flavour are perhaps best viewed as transitional schemata that will need later revisitation.
You are a very successful Crypto and ICO Advisor, what is the secret behind this success?
I’m not sure if I’m very successful, but I always try to shoot a straight ball. Here are two instances where my input has not been heeded in any way.
I recall one of the first ICOs I advised. I was sitting with the owner on a Telegram Channel, and after some power Q&A sessions online, we were literally hearing the millions of dollars tumble in neat digital hashes into the inbox within a couple of hours of the ICO opening. He had a bottle of Scotch on his table, and by the end of the session he had reached his hard cap and was besotted to boot! The age of digital money had placed the foolscap on his pate, but the script was no longer legible. I cannot determine if his sobriety ever returned. The prudential advice I had been giving him previously – and that we had discussed in great depth -- was over