r/Bitcoin - The Number Zero and Bitcoin.... such a ...
Supply and Circulation – InfoMatt
What is the latest bitcoin number to hack – Crypto Expert
Cent to Decimal Calculator - Simple Converter
Crypto Finance Grows Up: Tagomi’s New Tools Could Draw Institutional Investors Into The Crypto Market
Tagomi co-CEO Jennifer Campbell, co-CEO Greg Tusar and president Marc Bhargava.PHOTO CREDIT: PAOLO TESTA The recent history of cryptocurrencies has all the hallmarks of an immature, inefficient market. Mediocre entrepreneurs raised small fortunes through ICOs. A stunning bull market made every investor look smart. And brokers got investors to pay 10%-plus premiums for cryptocurrencies, just to get access. Now that prices have crashed and volatility has subsided, crypto traders care more about factors that are important in mature markets, like getting the lowest possible price for a trade. And some startups are stepping in to fill that need, building tools that look more like traditional financial technology and making it easier for larger institutional investors to come in. Tagomi, a 17-person startup based in Jersey City, has built a trading platform for institutional investors who want to make large trades, in sizes ranging from hundreds of thousands of dollars to tens of millions. Its three cofounders have backgrounds spanning finance, venture capital and crypto. Co-CEO Greg Tusar, 49, was global head of electronic trading at Goldman Sachs until 2013. Co-CEO Jennifer Campbell, 25, is a Harvard grad who worked at Union Square Ventures and helped large investors sink money into digital assets. And president Marc Bhargava, 33, previously worked in consulting, private equity and VC. Tagomi raised $16 million in venture funding last year and launched its product in December. For institutional investors, one of the problems with crypto is that the size of the market is still small, making it difficult to make big trades. Recent daily trading volume was $19 billion, according to CoinMarketCap, although many say that data is grossly inflated. The Nasdaq alone trades more than $100 billion a day. Making the problem much worse, crypto assets aren’t easily accessible in one place—they’re fragmented across hundreds of exchanges. Prices can vary from one exchange to the next. According to one trader who uses Tagomi, on the morning of February 14, ether traded on crypto exchange Kraken for $115. Simultaneously, the lowest it traded on Coinbase was $118.73, a 3% difference. Such dynamics make it maddeningly difficult for traders to get the best possible price for a coin. Tagomi’s tool hooks into about ten exchanges, pooling liquidity and making the assets accessible in one place. If a customer wants to buy $1 million in bitcoin, Tagomi might break that order up into thousands of smaller pieces and send them to different trading venues. Its algorithms look across exchanges for the lowest prices and largest supply of bitcoin, and they programmatically route the order, aiming for the lowest price. Tagomi makes money through commissions—it charges customers from 0.10% to 0.25% of each trade. Tusar says the biggest challenge in running the operation is making sure Tagomi has the right amount of cash and crypto in the right places, at the right time. "The current exchange model requires you to prefund your trade,” he says. “When you want to buy $1 million of bitcoin, we need to have thought through where you're likely to want to buy." So Tagomi has pools of cash sitting at big exchanges like Coinbase Pro, Gemini, Kraken and U.K.-based Bitstamp. It’s also hooked into a stream of liquidity from the secretive Chicago-based trading shop Jump Trading, says a trader familiar with the matter (Jump Trading and Tagomi declined to comment). Other institutional-grade tools have recently come online. Omniex launched last year and connects to multiple exchanges and “OTC desks”—agencies that manually pair big buyers with big sellers—aiming to provide better liquidity and pricing. But its clients need to have their own separate accounts with trading venues, and Omniex’s software just sits on top, routing orders. Lumina makes software that helps large investors analyze their portfolios and do tax calculations, and it’s planning to release an institutional trading platform in the coming months. Sfox has been bridging exchanges and aggregating liquidity for investors since 2015, but it has a different “direct dealer” model, where it’s taking the other side of the trades it makes for customers. Some say that poses a conflict of interest, because their incentives are at odds with those of their clients. Sfox CEO Akbar Thobhani says they always try to get the best prices for customers and are transparent with them, spelling out how much they charged for their services, which recently ranged between 0.25% and 0.75%. Shrinking Spreads In the nascent crypto-trading market, trading spreads—the difference between what a buyer is willing to pay and how much a seller is willing to charge—have historically been wide. In 2014, if someone wanted $1 million of the most liquid asset, bitcoin, OTC trading desk Genesis would charge 1% to do the trade, according to CEO Michael Moro. A year ago, it charged 0.5%, and today it charges 0.25% to 0.30%, Moro says. So spreads have fallen by 50% in just a year, a huge drop. And for less liquid assets, brokers can charge 10% or more. Tagomi co-CEO Campbell says that, during the 2017 bull market, if you wanted to do a $20 million bitcoin trade, you’d have to pay a 10% premium. The pattern of shrinking spreads resembles what happened in the traditional markets after the dot-com bubble burst, Tusar says. From 2002 to 2006, due to the advent of electronic trading and the move to decimal trading—when exchanges were required to quote prices in decimals, instead of fractions, like 1/16—spreads were cut in half. Spreads (shown above in hundredths of a percent) shrunk dramatically from 2001 to 2006. The different lines \"Q1,\" \"Q2,\" etc. represent groupings of stocks, with Q1 being the largest by market value, Q2 the second largest, etc. PHOTO CREDIT: 2007 ACADEMIC STUDY BY HENDERSHOTT, JONES AND MENKVELD, \"DOES ALGORITHMIC TRADING IMPROVE LIQUIDITY?\" “We’ve seen the first half of that story play out,” Campbell says, referring to the crypto bear market and the start of spreads dropping. She thinks the drop will become steeper in the next few months as traders become more sophisticated and use more advanced technologies. Tagomi is part of a larger trend of the industry’s maturing, says Steve McKeon, a University of Oregon finance professor who’s also a Tagomi customer—he’s a partner at VC firm Collaborative and leads their digital currency investments. “We see this happening across all of crypto,” he says. “The space is getting professionalized.” Demand from institutional investors is a topic that has been hotly debated and speculated on in crypto for years. Genesis CEO Michael Moro thinks institutional buyers will stay on the sidelines until they see “a meaningful recovery in the price of bitcoin.” But demand isn't going away, with a police pension fund among the most recent investors. And Tusar says there’s more interest brewing beneath the surface, particularly from VC firms. “Current trading volumes underestimate what we see in terms of institutional interest.”
Say bitcoin hits $1million each. Which would mean one satoshi is 1 cent correct? What happens when it passes $1 million? Can they add a hard fork (or soft fork I guess) to add more decimal places? Or will we no longer be able to transact in hundredths of dollars?
The Knight's Templar is still active, but operates differently than how people think. It never really ended, it just went underground. Most of the visible groups are not the genuine article of the real thing. A lot of them actually just work regular jobs, pretty much anything they can get their hands on and live as frugally as possible foregoing many comforts. Even if they have a gig working at McDonald's or something and most of their money has gone to rent and food and they literally have pennies left, every extra red cent after that is handed over to the Templars and stored to gather interest. Even pennies on the ground are picked up. People like this are referred to as "Gatherers". They keep it in physical cash, in banks, digital currency, and even vast vaults of precious metals, and it's stored in different places all over the world. They're behind some, not all, of the tungsten filled gold bars. They've been sneaking as much gold as they can. They know about the Annunaki and have been gathering gold for wealth purposes, but also specifically for their return, but they're not sure exactly what Annunaki do with it. They own probably most of the digital currency in the world. Even if it's "owned" by an individual, they are more than likely affiliated with the Templars. They mine the hell out of it. They tap into the electricity grid and bypass meters to steal power to fuel their mining rigs. They're built from scavenged computer parts. They have some hidden ones all over the place, and even tap into the utilities down in sewers. They do a lot of things to save money and wanted to use sewage for liquid cooling of their rigs, but if they messed it up they would have lost the rig and had a foul smelling mess to clean up. They pirate a lot of movies and games so they can have some entertainment in order to save money. Some of them do it as a hobby to bring a little joy to the others in their group, and also release it to the rest of the world in torrents. They do a lot of dumpster diving, scavenging of all sorts, and are expert couponers. Lots of can recycling as well. They used to gather up cans and bottles from the areas surrounding Michigan, but a lot of people were getting in on that and the areas around it started getting bare. After a while the fuel cost for transport started not being worth it. They do a lot of Ebay, Craigslist, car, and real estate flipping. They've been known to sabotage properties and whole neighborhoods to decrease property value then buy them at a cheaper price, fix them back up again, then sell them. A few properties have been done like this multiple times. Some of the gathering of wealth is done by criminal activity. It involves things where people won't get hurt, like cigarette smuggling, and selling counterfeit goods. Some of the smash and grabs of jewelry stores are them. That type of thing is covered by insurance, so they see no harm done. Other things are specifically insurance fraud, but "good luck proving anything". They've gotten exceedingly efficient at it. They've robbed their own stores before. Another thing they've done is had their own real estate appraiser to artificially inflate the value of properties then intentionally burn them down and collect a big profit from the insurance payout. They've kept valuable coins, bars, and artwork in private residences which they insured, then had one of their own "burglarize" the place and collect insurance for it. They also just rob criminals who have just robbed others. Sometimes they give it back to the victim if they can find them, but don't go out of their way investigating things. Some have intentionally gone to prison to make money on the economy in there. They're trying to cool it on the more unethical practices though and it's just something they've gotten carried away with. They used to follow the 10 commandments to a T, but started getting loose with it over the centuries as long as it involved gathering wealth. At times things have been taken too far and have made the news before and there was collateral damage, but they try the best they can to keep the unethical activity within their group and just exploit the system. They've been doing this a long time and they've become a bit out of touch from society even though they've also been walking among everyone else. Some of them are so hardcore that all they do is work multiple jobs and have no hobbies other than work. Some of them work themselves too hard or get injured and they start using drugs to keep them going. It keeps them going for a little while longer, but it has a detrimental effect in the long run. Some get hooked and can't stop, then feel the guilt about the money that they should be saving going towards their addiction instead of "back home". They try to eat just basic but healthy food, and sometimes splurge on some dollar menu, but feel guilty about that too. They're allowed some minor comforts like this to keep up morale, but the guilt gets to them later because of the way they were raised. They have different people within their group. There's military, intelligence, scribes, scientists, engineers, doctors. There are people who live full time in underground facilities. There are some who do about 50/50, and others who live full time on the outside. They refer to the surface as the "outs" just like prison slang. Anyone who takes up work involving going on the outside undergoes combat training. The underground facilities are built circular like a ring within a ring reminiscent a bull's-eye. There's Faraday shielding all around it and hardened for EMP. Living quarters are the outside ring. The first inner ring is where they do their farming. The food isn't anything special, just basic organically grown stuff. Whatever isn't grown is bought in bulk in vast quantities. Lots of stored food in huge warehouses. The "dot" at the center is their armor and military stuff. There's an elevator which goes down and that's where all their research and development is. They have archives down there too. Lots of ancient documents and scrolls. Mostly religious related. Their military typically wears Urban Camo pattern. Their weapons are just regular guns, but usually the best the outside has to offer. They make some of their own, but it's usually just mixed parts and slight improvements on what's already been made. They do have better ammunition though, which is what they tend to focus on. One thing they have is plastic explosive instead of gunpowder and striking the primer produces something like piezoelectric charge which detonates it. It has a higher muzzle velocity around double what conventional ammo has and they also have armor piercing bullets. There's no hiding behind cover with this stuff. They've experimented with Teflon coating them and supposedly have something better than Teflon, but that was a while ago. They have something like "Power Armor" that they refer to as "Exosuits". It looks a lot like the Cyborg Ninja suit from Metal Gear Solid 2, only it has an inch thick ballistic glass lens for the eyes in a cross shape. No swords. It's in the black and grey colors like Urban Camo. It's slim enough to be worn under clothes if you buy them a large enough size. It's a one piece armored suit that augments strength and speed. It's quiet enough to walk around without anyone noticing, but you can hear the motors if you put your ear up to them or have a sensitive enough microphone. The suit can pressurize itself for either high g-forces in aircraft, or for stopping blood flow in case a projectile made its way thought. It can have movements programmed in as presets, like a higher and more efficient jump. It can also help steady aim from recoil of firearms. The joints are flexible material. It has built in fully automatic guns and mini explosive homing rockets. There's a non lethal pneumatic "blast" to knock people down in if it's needed. It has a built in air compressor to recharge it, but it takes a while. There's removable ballistic shields that can attach to the forearms. It protects against small arms, fire, and even plasma. The armor is something like a carbon fiber frame with various layers of different materials to protect against different things while still being lightweight. It has built in visual enhancement as well as acoustic amplification. It's also air and water tight and there's also a sonar system, and an integrated rebreather. It specifically built to protect against nuclear, biological, and chemical threats. It sounds stupid, but it also has rocket boots. It's a single use charge that can get someone over a wall or other obstacle. The whole suit runs on batteries. It has a 12 hour run time with all the systems active. It has a backup hydrogen power cell for emergencies that can be refilled with water if need be. Distilled water is preferable, but tap water will work. They have their own Navy which includes aircraft and boats. They just take old things like F-16s and B-2 bombers, gut them, and retrofit them with their own technology and are vastly superior to any F-22 or F-35. The boats are pretty much the same way and are stored in cliffs by the coast. They keep the shells this way to that the visual appearance is the same to keep everything else more hidden. They have a few underground facilities. Most of them are for storing gold and technology. There's a main facility below the equator. Its exact location is classified. These types of facilities are protected by automated turrets and patrolling drones. They kind of look like R2-D2, but not quite. A little more refined. They have nanotechnology, but don't believe in bio modification like genetic engineering. They practice eugenics and selective breeding. They don't believe in marking their bodies with scarring or tattoos, but some of them do so they can maintain cover in society. There was some conflict between MIB and the Knight's Templar, but it was due to misunderstanding and compartmentalization. They have advanced technology and this was a part of it. Weapons, armor, anti gravity, etc. Not as good as MIB stuff though. They don't have time travel, but there was an attempt at utilizing it for manipulating digital currency, specifically bitcoin to make more money. They believe this is what got the MIB on their back and raided. They describe it like a SWAT team on steroids. They have technology and intelligence gathering and still didn't see us coming. They figured the MIB raid was about confiscation. Some people died, but everything got cleared up. Someone gave them some intel that if they literally just set their weapons down the conflict would stop without getting fired upon anymore and it went exactly that way. They're not sure where that intel came from. They have their own intelligence gathering like CIA, and also take part in assassination. It's mainly about protecting the technology and wealth by any means necessary. The technology is more about protecting the wealth, and the research they put into the weaponry was to protect it even from the governments if they needed to. They weren't going to take the chance of being wiped out and having the wealth taken again. They do some work loosely with the Vatican, but it's mostly religion related. They do believe in a supernatural God and Christ, but they also acknowledge a science based element to it all. They follow the Ten Commandments and a lot of the old scripture, but adapt to life on the outside. They tend to not curse and use foul language unless they're trying to blend in. They live a lot like ultra conservative orthodox Catholics, but try to blend in on the surface as much as possible. So much so that something like doggy style sex would be considered kink to them. For them, sex is only for the purpose of procreation and that's it. There's no sex out of wedlock. When people who have been working on the outside come back they sometimes get scolded as being degenerates. Not always seriously. A life of frugality sounds pretty hard, but they're raised this way their whole life with their parents and their parent's parents living like this going back generations. Small bits of joy and splurging go a long way. They used to live their lives more out of balance with no splurging or entertainment whatsoever, only wealth gathering, but take a more balanced approach these days. The balanced approach has increased wealth generation by about 10% over a couple decades. That doesn't sound like much, but they track everything down to the smallest hundredth decimal and this is a big change for them. By allowing them to spend more money, they've had the effect of making more money. It's proven that happy workers are more productive works. The rumors of them having artifacts they've been holding onto are true. The "Holy Grail", "Spear of Destiny", and a "Piece of the Holy Cross". This is something that's compartmentalized even from most of them, but one thing about it is those whom know about these artifacts are sure that they're not literal and are more than likely just codenames for something else. What exactly they are is unknown at this time, but the one constant is that they're ancient.
Bitcoin is not infinitely divisible, however, it stops at satoshis. its been a couple years that we have been able to send 1/1000 of a satoshi in a lightning channel for free, thus 1/1000 of a sat is the current divisibility for Bitcoin or 13 decimal places Common decimal numbers end in the tenths, hundredths, or thousandths. For example, In the number 6.2, 2 is in the tenths place. In the number 6.27, 7 is in the hundredths place. In the number 6.275, 5 is in the thousandths place. 4. Say the number after the decimal and add its numerical place to it. ... Bitcoin is a peer-to-peer digital currency that can be safely and instantly sent to any person in the world. This currency is like electronic moneywhich you can share ehat friends or use to pay for your purchases. Bitcoin is a currency unit of Bitcoin. Physical bitcoins also exist, but, generally, bitcoin is just a number connected to the address. Physical bitcoins are just objects like coins ... Say bitcoin hits $1million each. Which would mean one satoshi is 1 cent correct? What happens when it passes $1 million? Can they add a hard fork (or soft fork I guess) to add more decimal places? Or will we no longer be able to transact in hundredths of dollars? 9 comments. share. save hide report. 66% Upvoted. This thread is archived . New comments cannot be posted and votes cannot be cast ... Bitcoin can be divided to 8 decimal places. 0,00000001 BTC is the minimum volume that can be processed in a transaction. It is also called "Satoshi" in honor of the founder of Bitcoin. If necessary, the protocol and software can be modified to work with smaller amounts.
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