Bitcoin price must hold $11,000 for October rally to ...

End of day summary - 09/08

The Dow fell 632.42, or 2.25%, to 27,500.89, the Nasdaq lost 465.944, or 4.11%, to 10,847.69, and the S&P 500 declined 95.12, or 2.78%, to 3,331.84.
The major averages were sharply lower in Tuesday's trading, picking up where they left off before the long holiday weekend. Tech once again was leading the charge lower, with the Nasdaq the laggard among the major averages.
Today's selling was largely a continuation of last week, but unlike Friday, buyers appeared unwilling to buy the dip. Tesla's 21% decline was a drag on the Nasdaq, while Apple's 7% decline pressured the large-cap indices and the S&P 500 information technology sector (-4.6%). The energy (-3.7%) and financials (-2.6%) sectors followed suit amid weaker oil prices ($36.76/bbl, -2.94, -7.4%) and lower Treasury yields, while the utilities sector (-0.6%) declined the least.
Besides concerns that the market's pullback had more room to go, investors had to contend with Democratic leadership rebuffing the Senate's $300 billion coronavirus relief bill, President Trump suggesting disincentives for U.S. companies to outsource jobs to China, and reports that China's largest semiconductor foundry could be added to a trade blacklist.
Production problems at a BA 787 Dreamliner factory have prompted air-safety regulators to review quality-control lapses potentially stretching back almost a decade, The Wall Street Journal reported over the weekend. This morning, Boeing said in a statement to media outlets that inspections stemming from production problems of its 787 Dreamliners are slowing deliveries.
AAPL announced an event, to be held from Apple Park on September 15, without offering details on the nature or contents of the meeting. Bloomberg is reporting the event will be focused on the iPad, not the company's new iPhone models.
The prospect of potential retaliation on U.S. semiconductor companies was an additional drag on the Philadelphia Semiconductor Index (-4.7%). Separately, Boeing (BA 161.08, -9.97, -5.8%) provided a disappointing update, saying 787 Dreamliner production problems have slowed the pace of deliveries.
Among the noteworthy gainers was NKLA, which surged +40.8% after GM, +7.9% formed a strategic partnership that was well-received by investors. WDIS, +1.7% was upgraded to Buy from Hold at Deutsche Bank.
Among the notable losers was CRBP, which fell 74% after its RESOLVE-1 Phase 3 study did not meet its primary endpoint. Also lower was ACMR, which declined 26% after Needham analyst N. Quinn Bolton downgraded the stock to Hold from Buy, saying that the company's business outlook could weaken due to its "material exposure" to Chinese chip giant SMIC. The downgrade follows reports that the Pentagon proposed for SMIC to be added to U.S. government trade blacklist.
U.S. Treasuries saw increased buying interest amid the decline in equities but closed off highs. The 2-yr yield declined two basis points to 0.14%, and the 10-yr yield declined four basis points to 0.68%. The U.S. Dollar Index rose 0.8% to 93.46. Oil prices were pressured by Saudi Aramco lowering its prices for buyers in Asia and the U.S. due to sluggish demand.
Elsewhere, Stoxx 600 provisionally closed over 1% lower, with the tech sector falling another 2% as almost all sectors and major bourses fell into negative territory. Stocks in Asia-Pacific were higher on Tuesday, as Japan released revised gross domestic product figures for the second quarter.

Currency

The U.S. Dollar Index climbed 0.8% to 93.46, recording its sixth consecutive advance.
In emerging markets, Turkey’s lira hit another record low and Russia’s rouble sagged to its lowest since April amid ongoing talk about fresh Western sanctions.

Treasury

Treasuries overtook their opening levels as the stock market opened for the day, but the buying pressure faded shortly thereafter, allowing Treasuries to inch back to their starting levels as the day went on. Today's $50 bln 3-yr note auction was met with lukewarm demand but Treasuries of most tenors remained near their midday levels into the close.

Commodity

WTI crude futures settled sharply lower by 7.4%, or $2.94, to $36.76/bbl. Prices were pressured by Saudi Arabia reducing October prices for buyers in Asia and the U.S. Gold futures settled $8.90 higher (+0.5%) to $1,943.20/oz, recouping earlier declines, as pressure from equities pushed investors into the yellow metal.
Gold’s gains came despite a stronger dollar, which rose 0.7% against rivals. Investors are now awaiting an ECB policy meeting due on Thursday, while the U.S. Federal Reserve’s next meeting is scheduled for next week.

Crypto

Bitcoin is again proving itself to be a bit too correlated with financial markets for comfort, continuing to slide right alongside stocks.

YTD

  • FAAMG + some penny stocks +20.9% YTD
  • Spoos +3.1% YTD
  • Old man -3.6% YTD
  • Russy -9.7% YTD

COVID-19 news

In COVID-19 news, Florida reported 650,092 cases of the virus versus 648,269 the previous day, while California reported a 2,676 increase in cases from the prior day.
The CEOs of AZN, BNTX, GSK, JNJ, MRK, MRNA, NVAX, PFE and SNY announced a pledge, outlining a "united commitment to uphold the integrity of the scientific process as they work towards potential global regulatory filings and approvals of the first COVID-19 vaccines." The statement reads in part: "We, the undersigned biopharmaceutical companies, want to make clear our on-going commitment to developing and testing potential vaccines for COVID-19 in accordance with high ethical standards and sound scientific principles. The safety and efficacy of vaccines, including any potential vaccine for COVID-19, is reviewed and determined by expert regulatory agencies around the world, such as the United States Food and Drug Administration. FDA has established clear guidance for the development of COVID-19 vaccines and clear criteria for their potential authorization or approval in the US. FDA's guidance and criteria are based on the scientific and medical principles necessary to clearly demonstrate the safety and efficacy of potential COVID-19 vaccines. More specifically, the agency requires that scientific evidence for regulatory approval must come from large, high quality clinical trials that are randomized and observer-blinded, with an expectation of appropriately designed studies with significant numbers of participants across diverse populations...We believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which COVID-19 vaccines are evaluated and may ultimately be approved. We believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which COVID-19 vaccines are evaluated and may ultimately be approved." The companies also pledged to "only submit for approval or emergency use authorization after demonstrating safety and efficacy through a Phase 3 clinical study that is designed and conducted to meet requirements of expert regulatory authorities such as FDA."

AH news

  • Slack Technologies EPS beats by $0.03, beats on revenue. Reports paying customers of 130k +30%. Shares down by 15%.
  • Snowflake prices $75-85 IPO with Salesforce, Berkshire Hathaway set to buy
  • Lululemon slips after earnings beat, execs cautiously optimistic on back half
Summary scraped from the interweb. Took 13.52 seconds.
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Tesla Beats

For Trading October 22nd
WHR HOME RUN NUMBERS
CMG, TSLA, LVS All Beat
Today’s market was another back and forth without much net change. I know that many think that 100 or 200-point moves look like a lot but on a percentage basis it’s less than 1%. With “algo’s” and buy and sell programs, that’s not overwhelming. At the end of the day the DJIA was -97.97 (.35%), NASDAQ -31.80 (.28%), S&P 500 -7.56 (.22%), the Russell -13.93 (.86%) and the biggest loser was DJ Transports -135.28 (1.14%). Market internals were 2:1 down on both NYSE and NASDAQ. Only 7 stocks were up out of the DJIA with the big winner TRV adding 45 DP’s and the loser was GS -33 DP’s. The rest were all up or down less than 20. The lack of progress on any stimulus plans seems to be the main issue, and it concerns me greatly. I’m not so much concerned with poor holiday sales, but they clearly will suffer, but the jackasses in Washington have no idea what it means to be concerned with the rent, or food, or heat, and assuming that Biden gets elected, I wouldn’t expect any action until mid-winter. #TERMLIMITS.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!!
Yesterday’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/g-gP65lp96E
SECTORS: Earnings were the big movers again today with some big names putting out some big numbers. The biggest winner that I keyed in upon was Whirlpool (WHR). I should have seen that coming with all of the home repairs and upgrades, great housing numbers and easy credit terms. They beat top and bottom lines and the stock had closed $196.83 -3.10 (1.55%) but after the numbers traded up to $216 and the last is $205.75 +5.82 (2.91%). They had great metrics for their own brand as well as private label lines. The all-time high of $217.00 was way back in early 2015. Tesla beat and although their call hasn’t taken place yet, the stock had a pretty calm day (for TSLA), finishing $422.64 +.70 but after the beat the stock traded to $442.00 and the last is $436.95 +15.01 (3.5%). We’ll have to see if Elon has “one more thing” to announce! SNAP had great metrics and while it was $34.95 +6.50 this morning, it traded to $38.89 and finished $36.23 +7.78 (27.35%). CHIPOTLE (CMG) was a loser, although their numbers were good, with major continuing growth in digital and opening new stores. I personally order from there and get it delivered within 25-30 minutes (for free) and love it. After closing just under the all-time high at $1366.66 +18.19 it fell to $1250, before turning back up. I had a few members buying small odd-lots between -68 and -47, and the last is $1311.90 -36.47 (2.78%).
New Group: AIR & CRUISE LINES were LOWER with CCL -.18, RCL -.89, NCHL -.18, AAL -.13, DAL -.58, LUV -.50, UAL -.51, HA -.20, ALK -.24 and XTN $61.04-.64 (1.04%).
FOOD SUPPLY CHAIN was HIGHER with TSN +1.31, BOS +.07, FLO -.22, CPB +.08, CAG -.03, MDLZ -.16, KHC -.55, CALM +.30, JJSF +1.89, SAFM +3.67, HRL +.69, SJM +.28, PPC +.17, KR unchanged, and a new addition ACI -.20, and PBJ $34.13 -.05 (.14%).
BIOPHARMA was LOWER with BIIB +1.25, ABBV -.85, REGN -6.63, ISRG -3.85, GILD -.34, MYL -.17, TEVA +.34, VRTX -2.63, BHC +.78, INCY -.47, ICPT -1.37, LABU -3.91, and IBB $134.19 -2.34 (1.71%).
CANNABIS: was HIGHER with TLRY +.16, CGC +.62, CRON +.15, GWPH +1.15, ACB +.25, CURLF +.25, KERN -.03, and MJ $11.55 +.21 (1.85%).
DEFENSE was LOWER with LMT -4.71, GD -1.85, TXT -.45, NOC -.,05, BWXT -.39, TDY -10.86, RTX -.74, and ITA $160.79 -2.54 (1.56%).
RETAIL: was HIGHER with M +.15, JWN +.14, KSS +1.31, DDS -.49, WMT +.60, TGT -1.72, TJX +.05, RL +1.50, and a new addition GPS -.42, and XRT $53.44 -.35 (.65%).
MEGA-CAPS & FAANG were LOWER with GOOGL +39.88, AMZN -29.51, AAPL -.91, FB +10.91, NFLX 35.44, NVDA -4.20, TSLA +14.86, BABA -1.91, BIDU +5.02, CMG -34.47, CRM -1.57, BA -3.05, CAT -1.53, DIS +1.79 and XLK $119.10 -.21 (.18%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -5.15, JPM -1.06, BAC -.11, MS -1.17, C -.57, PNC -1.38, AIG +1.02, TRV +6.94, V +1.15, and XLF $24.60 -.21 (.85%).
OIL, $40.03 -1.67, Oil has been locked into the current range and tried to break in either direction without success. Last night I said, “While I think it may resolve to the downside, I am not taking any new positions.” The stocks were lower today and there has been a pickup in M&A activity in the group. XLE finished $29.41 -.49 (1.64%).
GOLD $1,929.50 +14.10 opened HIGHER and made a higher into the falling 50-day MA and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $12,755 +785. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and 250 today @$14.19, and we still have 250 with a cost of $8.45. GBTC closed $14.29 +.99 today.
Tomorrow is another day.
CAM
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RESEARCH REPORT ABOUT ARYACOIN

RESEARCH REPORT ABOUT ARYACOIN
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/a7jv4azk86u51.jpg?width=1600&format=pjpg&auto=webp&s=e4a4dbb5afacd5747076beaa59e6343b805c3392

ABSTRACT

Aryacoin is a new cryptocurrency, which allows for decentralized, peer to peer transactions of electronic cash. It is like Bitcoin and Litecoin, but the trading of the coin occurs on sales platforms that have no restriction to use. Further, it was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. It works by taking the hash of a block of items to be timestamped and widely publishing the hash. The timestamp proves that the data must have existed at the time in order to get the hash. Each timestamp then includes the previous timestamp in its hash, forming a chain.
The Aryacoin team is continuously developing new use cases for the coin, including exchanges where users can exchange the coins without any fees or restrictions, and offline options where the coins can be bought and sold for cash. The coins can also be used on the company’s other platform, mrdigicoin.io. Along with the coin, there is a digital wallet that can be created and controlled by the user entirely, with no control being retained by the Aryacoin team.

1.INTRODUCTION

The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. Bitcoin introduced a novel solution to the age-old human problem of trust. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions.
When bitcoin was launched it was revolutionary allowing people to transfer money to anytime and anywhere with very low transaction fees . It was decentralized and their is no third party involved in the transaction , only the sender and receiver were involved.
This paper provide a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. Bitcoin was made so that it would not be controlled or regulated but now exchanges and governments are regulating bitcoin and other cryptocurrencies at every step. Aryacoin was developed to overcome these restrictions on a free currency.
Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.

1.1 OVERVIEW ABOUT ARYACOIN

Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.
Aryacoin is a blockchain based project that allows users to access their wallet on the web and mobile browsers, using their login details.
Aryacoin can be mined; it also can be exchanged by other digital currencies in several world-famous exchanges such as Hitbtc, CoinEx, P2pb2b, WhiteBit, Changelly and is also listed in reputable wallets such as Coinomi and Guarda.
Aryacoin is a coin, which can be used by anyone looking to use cryptocurrency which allows them to keep their privacy even when buying/selling the coin along with while using the coin during transactions. Proof of work and cryptographic hashes allows transactions to verified.
Stable Fee Per AYA is a unique feature of Aryacoin, so by increasing the amount or volume of the transaction, there is no change in the fee within the network, which means that the fee for sending an amount less than 1 AYA is equal to several hundred million AYA. Another unique feature of Aryacoin is the undetectability of transactions in Explorer, such as the DASH and Monero, of course, this operation is unique to Aryacoin.
Using Aryacoin digital currency, like other currencies, international transactions can be done very quickly and there are no limitations in this area as the creators claim.
Aryacoin aims to allow users to access the Aryacoin wallet via the web and mobile browsers using their login details.
Aryacoin is a peer-to-peer electronic cash system that enables users to send and receive payments directly from one party to another, and allow them to transfer funds across borders with no restriction or third party involvement. The blockchain-based system embraces the digital signature, which prevents double spending and low transfer fees, which enables users to transfer huge amounts with very low fees. The proof-of-work consensus mechanism allows each transaction to be verified and confirmed, while anonymity enables users to use the coin anywhere at any time.
According to the website of the operation, each wallet is divided into 2 or more AYA wallet addresses for each transaction, and depending on the volume of the transaction block, the origin, and destination of transactions in the network can not be traced and displayed to the public.
In fact, each wallet in Aryacoin consists of a total of several wallets. The number of these wallets increases per transaction to increase both security and privacy. Aryacoin also uses the dPoW protocol. In the dPoW protocol, a second layer is added to the network to verify transactions, which makes “51% attack” impossible even with more than half of the network hash, and blocks whose Blockchain uses this second layer of security never run the risk of 51% attacks.
AYA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by
first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin.

1.1.1 ARYACOIN HISTORY

Aryacoin (AYA) is a new cryptocurrency, which has been created by a group of Iranian developers, is an altcoin which allows for decentralised, peer to peer transactions of electronic cash without any fees whatsoever. Along with the coin, there is a digital wallet that can be created and managed by the user entirely, with no control being retained by the Aryacoin team.
Aryacoin’s founder, Kiumars Parsa, has been a fan of alternative currencies and particularly Bitcoin.
We see people from all around the world using Blockchain technology and the great benefits that came with it and it then that I decided to solve this puzzle for find a way of bringing the last missing piece to the jigsaw. The idea for Aryacoin was born.” Parsa said.
Parsa and his team of Iranian ex-pats not only persevered but expedited the project and just a year later, in the summer of 2019, the first version of Aryacoin was released. In 2020, Aryacoin is the first and only Iranian coin listed on CMC.
Parsa goes on to state that it is now the strength of the community that has invested in the coin that will ultimately drive its success, alongside its robust technology and appealing 0% network fees.
We have thousands of voices behind Aryacoin. People for the people make this coin. It is a massive shout out for democracy. This had made us base the whole team strategy on the benefits for both our users and our traders.
One key example is that the network fee on AYA Blockchain is 0%. Yes, absolutely nothing, which which differentiates us from other networks. What also differentiates us from other coins is that we have AYAPAY which is the first cryptocurrency Gateway in the world which does not save funds on third party storage with all funds being forwarded directly to any wallet address that the Gateway owner requests”.
So for the first time ever, and unlike other gateways, incoming funds will be saved on the users account with submitted withdrawal requests then made on the Gateway host website. In AYAPAY which has also been developed by the Aryacoin team, all funds without extra fees or extra costs will directly forwarded to users wallets. We have named this technology as CloudWithdrawal.
We are continuously challenging ourselves as it is a crowded marketplace. We are striving to have a safer Blockchain against 51% attacks, faster confirmations speeds of transactions, cheaper network fee, growing the market by cooperation with Top tier Exchangers.

1.1.2 ARYACOIN’S MAIN GOAL

Aryacoin’s main goal is to educate people and give them the freedom to use cryptocurrency in any way they want. Aryacoin empowers the users to transfer, pay, trade cryptocurrency from any country around the globe.
Platforms that have been created by Aryacoin Team, as well as those that will go live in future, operate on the same principle and exclude absolutely no one.

1.1.3 PROBLEM ARYACOIN SEEKS TO SOLVE

Aryacoin aims to provide a long-term solution to the problem of double spending, which is still common in the crypto market. The developers of the system have created a peer-to-peer distributed timestamp server that generates computational proof of the transactions as they occur.
Besides, the system remains secure provided honest nodes control more CPU power than any cooperating group of attacker nodes. While Bitcoin was designed not to be regulated or controlled, many exchanges and governments have put regulatory measures on the pioneer cryptocurrency at every step. Aryacoin aims to overcome these restrictions as a free digital currency.

1.1.4 BENEFITS OF USING ARYACOIN

Aryacoin solution offers the following benefits:
  • Real-time update: whether you’re going on a holiday or a business trip, no problem. You can access your coins all over the world.
  • Instant operations: Aryacoin makes it quite easy for you to use your digital wallet and perform various operations with it.
  • Safe and secure: all your data is stored encrypted and can only be decrypted with your private key, seed, or password.
  • Strong security: The system has no control over your wallet. You are 100% in charge of your wallet and funds.

1.1.5 ARYACOIN FEATURES

1. Anonymity
The coin provides decent level of anonymity for all its users. The users can send their transactions to any of the public nodes to be broadcasted , the transaction sent to the nodes should be signed by the private key of the sender address . This allows the users to use the coin anywhere any time , sending transactions directly to the node allows users from any place and country .
2. Real Life Usage
aryacoin’s team is continuously developing new and innovative ways to use the coins , they are currently developing exchanges where the users can exchange the coins without any fees and any restrictions . They also are currently developing other innovative technologies, which would allow users to spend our coins everywhere and anywhere.
3. Offline Exchanges
They are also working with different offline vendors which would enable them to buy and sell the coins directly to our users on a fixed/variable price this would allow easy buy/sell directly using cash . This would allow the coins to be accessible to users without any restrictions which most of the online exchanges have, also increase the value and number of users along with new ways to spend the coin. This would increase anonymity level of the
coin. In addition, introduce new users into the cryptomarket and technology. Creating a revolution, which educates people about crypto and introduce them to the crypto world, which introduces a completely new group of people into crypto and a move towards a Decentralized future!
4. Transactions
When it comes to transactions, Aryacoin embraces a chain of digital signatures, where each owner simply transfers the coin to the next person by digitally signing a hash of the previous transaction and the public key of the next owner. The recipient can then verify the signatures to confirm the chain of ownership. Importantly, Aryacoin comes with a trusted central authority that checks every transaction for double spending.
5. Business Partner with Simplex
Aryacoin is the first and only Iranian digital currency that managed to obtain a trading license in other countries.
In collaboration with the foundation and financial giant Simplex, a major cryptocurrency company that has large companies such as Binance, P2P, Changelly, etc. Aryacoin has been licensed to enter the world’s major exchanges, as well as the possibility of purchasing AYA through Credit Cards, which will begin in the second half of 2020.
Also, the possibility of purchasing Aryacoin through Visa and MasterCard credit cards will be activated simultaneously inside the Aryacoin site. plus, in less than a year, AYA will be placed next to big names such as CoinCapMarket, Coinomi, P2P, Coinpayments and many other world-class brands today.

1.1.6 WHY CHOOSE ARYACOIN?

If you want to use a cryptocurrency that allows you to keep your privacy online even when buying and selling the coins, the Aryacoin team claims that AYA is the way to go. Aryacoin is putting in the work: with more ways to buy and sell, and fixing the issues that were present in the original Bitcoin, plus pushing the boundaries with innovative solutions in cryptocurrencies. You can get started using Aryacoin (AYA) payments simply by having a CoinPayments account!

1.1.7 ARYANA CENTRALIZED EXCHANGE

Aryana, the first Iranian exchange is a unique platform with the following features:
  • The first real international Persian exchange that obtains international licenses and is listed in CoinMarketCap.
  • The first Iranian exchange that has been cooperating with a legal and European exchange for 3 years.
  • The possibility of trading in Tomans (available currency in Iran) at the user’s desired price and getting rid of the transaction prices imposed by domestic sites inside Iran.
  • There is an internal fee payment plan by Iranian domestic banks for depositing and withdrawing Tomans for Aryacoin holders in Aryana Exchange.
  • The number that you see on the monitor and in your account will be equal to the number that is transferred to your bank account without a difference of one Rial.
  • The last but not least, noting the fact that there is a trading in Tomans possibility in Aryana exchange.
Aryana Exchange is using the most powerful, fastest, and most expensive server in the world, Google Cloud Platform (GCP), which is currently the highest quality server for an Iranian site, so that professional traders do not lag behind the market even for a second.
The feature of Smart Trading Robots is one of the most powerful features for digital currency traders. Digital cryptocurrency traders are well aware of how much they will benefit from smart trading robots. In the Aryana exchange, it is possible to connect exchange user accounts to intelligent trading bots and trade even when they are offline.
The injection of $ 1 million a day in liquidity by the WhiteBite exchange to maintain and support the price of Tether and eliminate the Tether fluctuations with Bitcoin instabilities used by profiteers to become a matter of course.

1.1.8 HOW DOES ARYACOIN WORK?

Aryacoin (AYA) tries to ensure a high level of security and privacy. The team has made sure to eliminate any trading restrictions for the network users: no verification is required to carry out transactions on AYA, making the project truly anonymous, decentralized, and giving it a real use in day-to-day life. The Delayed-Proof-of-Work (dPoW) algorithm makes the Aryacoin blockchain immune to any attempts of a 51% attack. AYA defines a coin as a chain of digital signatures — each owner transfers the coin to the next owner by digitally signing the hash of the previous transaction and the public key of the next owner, and the receiver verifies the signatures and the chain of ownership.

2. ARYACOIN TECHNOLOGY

2.1 PROOF-OF-WORK

They use a proof-of-work system similar to Adam Back’s Hashcash to implement a distributed timestamp server on a peer-to-peer basis, rather than newspaper or Usenet publications. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash.
For their timestamp network, they implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it.
The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If honest nodes control a majority of CPU power, the honest chain will grow the fastest and outpace any competing chains. To modify a past
block, an attacker would have to redo the proof-of-work of the block and all blocks after it, then catch up with, and surpass the work of the honest nodes.

2.2 NETWORK

The steps to run the network are as follows:
  • New transactions are broadcast to all nodes.
  • Each node collects new transactions into a block.
  • Each node works on finding a difficult proof-of-work for its block.
  • When a node finds a proof-of-work, it broadcasts the block to all nodes.
  • Nodes accept the block only if all transactions in it are valid and not already spent.
This is a very simple system that makes the network fast and scalable, while also providing a decent level of anonymity for all users. Users can send their transactions to any of the public nodes to be broadcast, and the private key of the sender’s address should sign any transaction sent to the nodes. This way, all transaction info remains strictly confidential. It also allows users to send transactions directly to the node from any place at any time and allows the transferring of huge amounts with very low fees.

2.3 AYAPAY PAYMENT SERVICES GATEWAY:

According to creators Aryacoin, the development team has succeeded in inventing a new blockchain technology for the first time in the world, which is undoubtedly a big step and great news for all digital currency enthusiasts around the world.
This new technology has been implemented on the Aryacoin AYAPAY platform and was unveiled on October 2. AYAPAY payment platform is the only payment gateway in the world that does not save money in users’ accounts and transfers incoming coins directly to any wallet address requested by the gateway owner without any additional transaction or fee.
In other similar systems or even systems such as PayPal, money is stored in the user account.

2.4 CONSENSUS ALGORITHM IN ARYACOIN

The devs introduced the Delayed-Proof-of-Work (dPoW) algorithm, which represents a hybrid consensus method that allows one blockchain to take advantage of the security provided by the hashing power of another blockchain. The AYA blockchain works on dPoW and can use such consensus methods as Proof-of-Work (PoW) or Proof-of-Stake (PoS) and join to any desired PoW blockchain. The main purpose of this is to allow the blockchain to continue operating without notary nodes on the basis of its original consensus method. In this situation, additional security will no longer be provided through the attached blockchain, but this is not a particularly significant problem. dPoW can improve the security level and reduce energy consumption for any blockchain.

2.5 DOUBLE-SPEND PROBLEM AND SOLUTION

One of the main problems in the blockchain world is that a receiver is unable to verify whether or not one of the senders did not double-spend. Aryacoin provides the solution, and has established a trusted central authority, or mint, that checks every transaction for double-spending. Only the mint can issue a new coin and all the coins issued directly from the mint are trusted and cannot be double-spent. However, such a system cannot therefore
be fully decentralized because it depends on the company running the mint, similar to a bank. Aryacoin implements a scheme where the receiver knows that the previous owners did not sign any earlier transactions. The mint is aware of all transactions including which of them arrived first. The developers used an interesting solution called the Timestamp Server, which works by taking a hash of a block of items to be ‘timestamped’ and publishing the hash. Each timestamp includes the previous timestamp in its hash, forming a chain. To modify a block, an attacker would have to redo the proof-of-work of all previous blocks, then catch up with, and surpass the work of the honest nodes. This is almost impossible, and makes the network processes more secure. The proof-of-work difficulty varies according to circumstances. Such an approach ensures reliability and high throughput.

3. ARYACOIN ROADMAP

April 2019: The launch of Aryacoin; AYA ICO, resulting in over 30BTC collected
December 2019: The launch of AYA Pay
April 2020: The successful Hamedan Hardfork, supported by all AYA exchanges, aimed at integrating the dPoW algorithm, improving the security of the AYA blockchain.
June 2020: Aryana Exchange goes live, opening more trading opportunities globally
July 2020: The enabling of our Coin Exchanger
November 2020: The implementation of Smart Contracts into the Aryacoin Ecosystem
Q1 2021: Alef B goes live (more details coming soon)

4. THE NUCYBER NETWORK COMMUNITY & SOCIAL

Website: https://aryacoin.io/
Explorer: https://explorer.aryacoin.io/
Github: https://github.com/Aryacoin/Aryacoin
Twitter: 1.1k followers https://twitter.com/AryacoinAYA
Reddit: 442 members https://github.com/nucypher
Instagram: 3.8k followers https://www.instagram.com/mrdigicoin/ Telegram: 5.9k subscribers https://t.me/AYA_Global

5. SUMMARY

Aryacoin (AYA) is a new age cryptocurrency that combines the best of the blockchain technology and strives to deliver high trading and mining standards, enabling users to make peer-to-peer decentralized transactions of electronic cash. Aryacoin is part of an ecosystem that includes payment gateway Ayapay and the Ayabank. AYA has a partnership with the Microsoft Azure cloud platform, which provides the ability to develop applications and store data on servers located in distributed data centers. The network fee for the AYA Blockchain is 0%. In Ayapay service, which has been developed by the Aryacoin team, all funds without extra fees or costs are directly forwarded to users’ wallets with technology called CloudWithdrawal. The devs team is introducing new use cases including exchanges where users will exchange AYA without any restrictions. You can buy AYA on an exchange of your choice, create an Aryacoin wallet, and store it in Guarda.

6. REFERENCES

1) https://coincodex.com/crypto/aryacoin/
2) https://www.icosandstos.com/coin/Aryacoin%20AYA/YuXO60UPF3
3) https://www.publish0x.com/iran-and-cryptocurrency/a-brief-introduction-of-aryacoin-first-ever-iranian-cryptocu-xoldlom
4) https://techround.co.uk/cryptocurrency/aryacoin-the-digital-currency-created-by-iranians/
5) https://bitcoinexchangeguide.com/aryacoin/
6) https://blog.coinpayments.net/coin-spotlight/aryacoin
7) https://guarda.com/aryacoin-wallet
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The deepest report: Bitmain's self-help history

The deepest report: Bitmain's self-help history
The original intention of this article is to let readers understand the causes and consequences of Bitmain internal fighting, but after writing it, I found that it is not so much internal fighting as it is a long history of self-help.
The story is very long. Let's adjust the timeline to the eve of December 17, 2018. That was one of Bitmain's most critical moments and the beginning of a series of subsequent stories.
1. Self-immolation In September 2018, Bitmain's financial department warned management that the company's cash flow has become very tight and operating costs must be reduced to allow the company to continue. The blockchain unicorn, which is valued at more than 15 billion U.S. dollars, is crippled in the run and struggling to break the corner.
In 2017, Bitmain made a profit of 1 billion US dollars In the first half of 2018, Bitmain made a profit of 1 billion US dollars Three rounds of financing, a total of 800 million US dollars Net assets should exceed 3 billion U.S. dollars In September 2018, Bitmain had tight cash flow and was on the verge of bankruptcy
A simple comparison, it is not difficult to see that Bitmain's ability to make money is incredible, and its ability to burn money is even more extreme.
How does Bitmain burn money? Do you pour cash into gasoline and burn it, or hire a lot of employees to stuff the banknotes one by one into the shredder? The actual situation is closer to the latter.
The following data can help readers quickly learn Bitmain's money burning skills.
At the beginning of 2018, the entire cryptocurrency market has entered a bear market, but Bitmain's monthly operating costs have been rising wildly. Operating costs have risen from 10 million US dollars at the beginning of the year to 50 million US dollars at the end of the year.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
Operating costs are just the tip of the iceberg. Excessive chip trial production can become a classic case of project management courses. Readers who pay attention to Cryptocurrency mining can easily find that Bitmain is still working hard to clear the inventory of Antminer S9 in 2019. As the co-CEO, Ketuan Zhan did not listen to the advice or even warnings of the Finance Department, insisting on the implementation of Excessive chip trial production, resulting in a large accumulation of inventory and tight capital turnover. Another CEO, Jihan Wu, once revealed that the loss of Excessive chip trial production to the company was approximately US$1.5 billion.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
The BM1393 chip incident is even more incredible. Chip expert Ketuan Zhan invested a lot of money on a failed chip, and finally failed again. From 2017 to 2018, Bitmain has failed Trial production of mining machine chips at least 4 times, including 16nm, 12nm and 10nm chips, of which 16nm Trial production failed twice, thus losing at least US$1.2 billion.
It is rumored that Bitmain still holds a billion U.S. dollars worth of cryptocurrency in a state of floating loss. In view of the rebound in the market in 2020, we will not comment temporarily, waiting for the correct answer from the cryptocurrency market. But the losses pointed out in the previous article are all irreversible.
2. Sole power
In September 2018, Bitmain's management realized the seriousness of the problem. It turned out that the company's money could be squandered. As a result, the management began to discuss self-help plans, and the most reasonable and effective way was obviously to lay off employees.
The probation period for newly hired employees at Bitmain is half a year, and the probationary salary is 100% of the official salary, there is no difference. Once layoffs are made, new employees who have not passed the probationary period will be the main layoff targets. The department managed by Ketuan Zhan will face large-scale layoffs. The layoff plan is strongly opposed by Ketuan Zhan. Bitmain can only temporarily abandon the layoffs and replace it with continuous reductions. For marketing and travel expenses, a budget committee was established to strictly approve every expenditure. At the same time, employee benefits, such as reimbursement of taxi expenses, breakfast supply, snacks and drinks, etc., have also been abolished, and even the tradition of giving employees 400 yuan worth of BTC/BCH every month has been stopped.
In the face of huge cash flow pressure, trivial savings is obviously of no avail. Soon, the management again discussed the layoff plan, and it has reached the point where it has to be laid off.
In December 2018, Jihan Wu began to organize all entrepreneurial veterans and business backbones to persuade Ketuan Zhan to agree to layoffs, but Ketuan Zhan still insisted not to layoffs. The persuasion process was very unsuccessful. After many meetings and intense debates, Bitmain executives were caught in a dilemma of wasting time with Ketuan Zhan.
In this process, the shortcomings of the dual CEO system began to appear, and the relationship between the two CEOs gradually deteriorated.
On the night of December 16th, Ketuan Zhan reconvened the management meeting, and more than 30 managements who were present were asked to hand over their mobile phones. At this time, Jihan Wu was on a business trip in Hong Kong and was busy with listing related work.
In the meeting, Ketuan Zhan's core content was three items:
(1) Bitmain cannot have two CEOs, only one CEO and must be Ketuan Zhan. Ketuan Zhan said that he met an old leader during a business trip. He hadn't seen each other for many years. The old leader suggested that the company can only have one CEO, and it must be him. Ketuan Zhan feels that this is a kind of fate, an opportunity given by God.
(2) Ketuan Zhan believes that the company's cash flow problems, the biggest responsibility is the inability of the financial department. To prove his point, Ketuan Zhan announced Bitmain's financial data at the meeting. In the evening, employees in Taiwan began to post messages on social media, saying that the company's capital chain was broken and the top management was split.
(3) If Ketuan Zhan is not supported, the option will be cancelled and the equity will be voided.
Hearing about this, Jihan Wu, who lives in Hong Kong, sent a WeChat message to the management who are attending the meeting.

https://preview.redd.it/zkj2d44tqid51.jpg?width=1080&format=pjpg&auto=webp&s=9251c1f7308e155d7911d5969e71091a5ad5e14a
On the afternoon of December 17, 2018, Jihan Wu returned to Beijing to negotiate with Ketuan Zhan all night, and finally reached a consensus in the early morning. Bitmain co-founder Yuesheng Ge announced the results of the negotiations. Jihan Wu and Ketuan Zhan ceased to serve as CEOs, and Haichao Wang served as CEO. Jihan Wu voluntarily backed down and Ketuan Zhan served as chairman.
The "12.17 Incident" had a very bad impact on Bitmain, especially the disclosure of Bitmain's financial status, which caused vendors to start dunning. The loan that had just been negotiated with the Bank of Beijing was cancelled the next day. Jihan Wu's resignation as CEO caused an uproar in the industry, and it became a hot topic among Cryptocurrency mining, blockchain practitioners, and investor communities. The media focused their interpretation on Bitmain's series of incidents, and generally looked down upon its ongoing Hong Kong IPO, believing that the high-level changes had already signaled the failure of the IPO in advance.
On Christmas December 24, 2018, Bitmain finally began to implement the layoff plan. This long-delayed “correct decision” was achieved after a stalemate for nearly three months. The AI ​​teams in Beijing, Singapore, Taiwan, and Shanghai have laid off more than 50% of their employees. The Israeli R&D center was closed and Shenzhen New Species Technology Co., Ltd., which had been acquired for only ten months, was dissolved, and all employees were laid off. Copernicus, Bitmain's top blockchain development team, was not spared and was wiped out in this layoff. Copernicus and some of the laid-off employees joined the new company Matrixport co-founded by Jihan Wu and Yuesheng Ge, headquartered in Singapore.
3. Past events when starting a business
After the "12.17 Incident", Jihan Wu gradually faded out of Bitmain's management affairs and turned his attention to the IPO and new company. And this is one of Jihan Wu's major mistakes, he began to let Ketuan Zhan manage Bitmain alone.
In fact, as early as 2013, Jihan Wu planted hidden dangers.
Jihan Wu, an investment banker, was the earliest translator of the Bitcoin white paper. He began to get involved in the cryptocurrency mining industry in 2012. The disappearance of Kaomao and Nangua Zhang's ticket skipping led Jihan Wu to decide to develop his own chip.
In 2013, Jihan Wu established his own mining machine company. Together with Yuesheng Ge, who was only 20 years old, he found Ketuan Zhan, an integrated circuit designer of the Chinese Academy of Sciences, to create the protagonist of this article, and later the digital Cryptocurrency mining giant, Bitmain.
Jihan Wu promised Ketuan Zhan that every time a mining machine chip was successfully developed, he would give some shares to the Ketuan Zhan team. At that time, the company founded by Ketuan Zhan was on the eve of falling apart. In order to regroup the team, Ketuan Zhan promised to share half of his shares with the team members. Unfortunately, this is just a bad check. With the rapid development of Bitmain and higher and higher valuations, the expanding Ketuan Zhan almost monopolized all the shares.
Like many startups, Bitmain encountered many difficulties in its early days, and many jobs had to be done by the boss. For example, in the chip design and production process in the second half of 2013, Bitmain was caught in a dilemma of insufficient funds. Jihan Wu personally raised funds and met with TSMC’s sales to persuade TSMC to accept the production needs of a start-up company. Jihan Wu also participated in the selection of the thermodynamic parameters of the heat sink in the Antminer S1.
In 2014, Jihan Wu discovered that this company was independently operated by Ketuan Zhan, which had huge problems. Forcing Jihan Wu to continue to participate in company management.
At that time, Bitmain's mining machine chips had just achieved a certain lead in the standard design process. Jihan Wu believes that the next step must be to develop full customization technology, but Ketuan Zhan plans to invest resources in the research of mobile payment chips.
Ketuan Zhan met a mysterious person from the Party Central Security Bureau who claimed to be able to manipulate the Party Central Committee’s decision-making process for the next generation of mobile payment cryptography standards, but this direction is likely to lead to the fact that Bitmain has just gained the lead in the mining machine market. Regained.
Jihan Wu said that as a graduate of the School of Economics, with a little memory of his high school stage and the knowledge reserve of a computer technology amateur, he retrieves various materials and papers every day, learns theories related to full customization, and goes to Ketuan Zhan conducts persuasion work there.
Fortunately, in the direction of full customization technology, Ketuan Zhan finally listened to Jihan Wu's opinion. Bitmain quickly integrated the technical experts from the United States and Russia introduced by Jihan Wu, which greatly improved the design level of chips and complete machines.
In 2015, Jihan Wu suggested that Ketuan Zhan consider the direction of artificial intelligence. But Ketuan Zhan is not here, he prefers the CPU direction. After staying asleep at night, coupled with in-depth analysis by the Bitmain investment team, Ketuan Zhan finally agreed with this direction. It is a pity that after the Tianshi Chen brothers made major breakthroughs in theory and practice, Bitmain officially invested in the relevant direction, and it was still a step behind.
In the two years from 2016 to 2017, Bitmain's business performance has achieved rapid development, becoming a unique super unicorn in the blockchain industry. According to Froth & Sullivan, in 2017, Bitmain Technology Holdings was the second largest fabless chip design company in China and the tenth largest fabless chip design company in the world, and the fourth largest fabless ASIC chip design company in the world, accounting for 74.5% of global cryptocurrency market share.
However, the huge crisis has long been buried in the early days of entrepreneurship.
Ketuan Zhan's decision on major directions revealed his weakness of extremely lack of business understanding. But every mistake he made was blocked by the company's core employees. His overconfidence in his management ability led to the gradual intensification of conflicts, and the management differences between the two founders became more serious.
4.The giant gets lost
The contradiction between the two broke out on December 17, 2018. Ketuan Zhan used extreme means to force the management to compromise with him by canceling the option, so as to achieve the goal of sole control of the company. Jihan Wu returned to Beijing from Hong Kong overnight and negotiated with Ketuan Zhan all night. In the end, the two resigned as CEO. Jihan Wu retired. Ketuan Zhan has the exclusive rights of chairman in exchange for the implementation of the layoff plan.
Jihan Wu's voluntary retreat has intensified Ketuan Zhan's management to do whatever he wants.
A Bitmain employee commented on Ketuan Zhan's management skills, summed up in two letters-SM.
After becoming the sole helm of the company, Ketuan Zhan quickly "rectified" the department in charge of Jihan Wu as the chairman of the board. He guided the sales of mining machines at the dinner, and pointed out that the sales performance is not due to the sales staff. Ability is strong, but the company provides opportunities. Take two sales leaders as examples, saying that if the company hadn't given the opportunity, they would still be losers. In addition, Ketuan Zhan also instructed the sales staff on how to toast and imparted the wine table culture and experience.
After the meal, Ketuan Zhan came to the conclusion that the quality of Bitmain sales staff was too poor, and Huawei’s blood needs to be injected to drive the company’s progress. Soon, the marketing and sales director from Huawei officially took over Bitmain, opening the era of brand premium for Antminer.
In order to further understand and guide the sales work, Ketuan Zhan asked to meet the customers with the sales staff. During the negotiation process, Ketuan Zhan had a heated discussion with customers on the issue of Chinese and Western medicine, and had also forced the sales staff to be able to ship 10,000 machines due to insufficient production capacity.
Although the requirements for sales personnel are strict, Ketuan Zhan has provided a lot of convenience for "Mainland Ark". In addition to selling mining machines at a more favorable price, Bitmain's mining machines are also hosted in Ming Wang at a higher price than the market price. Mine. It is reported that both Ketuan Zhan and Ming Wang are shareholders of Ark.
The new sales strategy of Huawei's executives has also brought very obvious changes to Bitmain. The self-righteous brand premium reduces the price-performance ratio of Antminer, causing competing products to eat away at Bitmain's market share. Later, Bitmain found that the strategy was wrong and started to cut prices, and found that the mining machine market was saturated and the purchase demand of miners had decreased.
More dangerous than the sales strategy is that the technical advantages of Antminer are being chased by competing products, and even overtaken. At the same time, the two mining pools under Bitmain also lost their first and second positions. The AI ​​business, which Jihan Wu placed high hopes and Ketuan Zhan personally supervised, became a laughing stock in the industry. Not only did it fail to make a profit, it almost brought down Bitmain.
Blindly introducing senior executives from Huawei to occupy important positions completely destroys the company's internal cultural foundation. The bureaucracy within Bitmain began to corrode from high-level employees to ordinary employees. Ketuan Zhan is not aware of this. He is still keen on recruiting Huawei employees, imitating Huawei's organizational structure and strategy, letting HR do sales and R&D personnel to do HR.
The organizational structure adjustment in October 2019 was the fuse for Ketuan Zhan to completely anger Bitmain management. This time, Ketuan Zhan completely marginalized Bitmain’s veteran employees, and suddenly promoted some of the “airborne soldiers” who had just joined the company to the position of person in charge, which caused the former person in charge to report to the new employees. The two managers who were originally equal The hierarchy becomes the subordinate relationship, the operation and development of different business lines are merged into a large department, the upward reporting process becomes more cumbersome, and the relationship between employees becomes delicate.
5. Headwind
On October 29, 2019, Jihan Wu urgently held a staff meeting. Prior to this, the legal representative of Beijing Bitmain has been changed to Jihan Wu, including the parent companies Hong Kong Bitmain and Cayman Bitmain. Jihan Wu stood in the lobby of Building 25, B1, announcing that Ketuan Zhan has been relieved of all duties. Any employee in the Bitmain Group shall no longer execute Ketuan Zhan’s instructions and participate in any meetings convened by Ketuan Zhan. If there is any violation, the company will demotion and expel the company based on the severity of the circumstances. If losses are caused to the company, the company will be held accountable.
Jihan Wu's speech is very long, which can be summarized as follows:
(1) Ketuan Zhan has been relieved of all duties. Also expelled from the original Huawei company HR Zhi Wang introduced by Ketuan Zhan at the end of 2018. Zhi Wang’s reputation on Bitmain was extremely poor and was ridiculed by employees as "nine thousand years" (In ancient China, the emperor was called "ten thousand years old", and the prince was "eight thousand years old." However, in the Ming Dynasty, there was an eunuch who caused harm to the country and the people. He called himself "nine thousand years old", meaning that he was only A little lower than the emperor's level).
(2) Ketuan Zhan's ability to control the company's option incentive plan has disappeared, and it is no longer possible to cancel employees' options at will.
(3) The organizational structure adjustment plan led by Ketuan Zhan was suspended.
(4) We are optimistic about the future of AI business, but the premise is that the main business can continue to make profits in order to support the company's continued investment in AI business.
In the speech, Jihan Wu also told employees the whole story of the "12.17 Incident" and bluntly said that the company is not in good condition. If no measures are taken, Bitmain is likely to go bankrupt in three quarters and he must come back to save the company.
At this time, Ketuan Zhan, who was on a business trip in Shenzhen, finally experienced the situation of Jihan Wu in the "12.17 Incident".
After the official return, Jihan Wu began to clearly point out the company's various problems in operation and management, and went deep into each business line to understand the situation. In the mining machine sales department meeting, employees spoke enthusiastically, reflecting on the difficulties and opinions encountered in the work, the marketing and sales director from Huawei asked with a surprised look, "Why didn't these issues be reported to me before?", and soon , The director was interviewed and "voluntarily resigned."
On November 2, 2019, Jihan Wu announced a salary increase for all employees. Bitmain’s last salary increase dates back to 2018. In principle, Bitmain has two salary increases every year.
On November 7, 2019, Ketuan Zhan spoke on social media for the first time, describing his hardship in starting a business, and condemning Jihan Wu for “stabbing a knife in the back”. At the end of the article, he also set himself a KPI for 2020, that is, the mining machine market share will reach 90%, and the AI ​​business will earn 1 billion.
But Ketuan Zhan's majestic plan did not make Bitmain employees feel emotional, but ridiculed him instead. Employees exposed that he insulted employees, advocated Chinese medicine, believed in Buddhism, drank in meetings, practiced Qigong...
However, there is less than half a year before the halving of Bitcoin production, and the cryptocurrency market shows no signs of recovery, which makes Bitmain management very anxious.
On January 6, 2020, Bitmain ushered in another round of layoffs, with a layoff ratio of about 1/3. This time the layoffs have caused many employees who have just increased their salaries to feel very grieved. On the one hand, they were looking forward to Jihan Wu's return. On the other hand, the compensation for this layoff was less than 18 years.
Ketuan Zhan, who has been unable to enter the Bitmain office area, once again spoke on social media and firmly opposed to layoffs. We do not need to lay off staff and we cannot commit suicide.
During the Spring Festival, Covid-19 broke out. Mainland China has begun to extend the Spring Festival holiday and advocate working from home. Under the chain reaction caused by Covid-19, most companies have chosen to cut salaries or even lay off employees. In the first two months of 2020, China's exports fell by 17%, U.S. stocks were broken four times in a row, Bitcoin plunged 40% in 24 hours on March 12, 2020, and crude oil futures fell by 300% on April 20, 2020...
Obviously, Jihan Wu can't predict, but this layoff seems to be the right decision again. In addition, from January to April 2020, Bitmain's revenue exceeded US$400 million amid the spread of Covid-19 and the collapse of the financial market.
6. Fight to the death
When Jihan Wu tried to get the company back on track, Ketuan Zhan was not helpless. On April 28, 2020, Ketuan Zhan finally rolled back the legal representative of Beijing Bitmain to before October 28, 2019 by repeatedly submitting administrative reconsiderations, and restored his status as a legal representative.
On the morning of May 8, 2020, a piece of news about Bitmain quickly appeared on the real-time hot search rankings, and even dominated the headlines of the day. At window 52 on the second floor of the Haidian District Government Affairs Center, when Ketuan Zhan, the legal person of Beijing Bitmain Company, was receiving the business license, a group of unidentified people snatched the business license from the industrial and commercial administrative staff. A source at the scene said that the number of unidentified people in the group was about 60 people, of which Luyao Liu was directing at the scene.
This is a skillful piece of news. It first leads readers to think that Ketuan Zhan is a victim, using 60 people to grab business licenses as the focus. The masses accused Jihan Wu of lawlessness, but ignored whether the government affairs center could have 60 personnel. As for Hong Kong Bitmain to have the right to appoint a representative to obtain a business license, this is a deeper level of thinking.
The follow-up report restored the real situation at the scene. Only more than ten people were present, and both sides were equipped with security personnel. Bitmain employees also broke the news in the circle of friends, claiming that Ketuan Zhan's bodyguard had injured Bitmain's authorized person, and said in a threatening tone, "Be careful!"
However, the subsequent plot reversal did not have much effect. Jihan Wu's reputation has been greatly affected. From a bloody soldier who rescued the company in trouble to a lawless criminal, it can be said to be a world of war. do not.
Ketuan Zhan, who succeeded in the first battle, began to counterattack Bitmain continuously. On the afternoon of June 3, 2020, Ketuan Zhan led a team to pry open the back door of the Beijing Bitmain office and formally occupied the deserted Beijing headquarters.
On June 4, 2020, Ketuan Zhan called on Bitmain employees to resume work and promised to expand the company's market value to more than US$50 billion within three to five years. After that, Ketuan Zhan began to contact employees by phone, trying to acquire the options in the hands of employees at a valuation of 4 billion US dollars.
Subsequently, Ketuan Zhan recalled Huawei's executives and issued a series of personnel appointments and removals. As of June 9, 2020, Ketuan Zhan has successively eliminated CFO Luyao Liu, and Wenguang Wang, the head of the mining center. Luyao Liu is responsible for controlling Bitmain's IPO plan. He also appointed Yanwu Ma as the HR director, Gang Ren as the head of the mining center, Yonggang Sun as the head of the supply chain, Ling Gu as the financial director, and Bin Zhu as the head of the mining machine business department. Bin Zhu is the senior executive of Huawei who was interviewed and left as mentioned in the previous article. During his tenure, he reduced Antminer’s 90% market share to 50%, and received a large number of complaints from miners. Internal employees once speculated that he might be Compete against the spies sent by the company.
In addition to recalling senior executives of Huawei, Ketuan Zhan also urged employees to return to work. They can receive a bonus of 10,000 yuan when they return to work on the same day, which is only half the next day. Ketuan Zhan showed a very kind side. Every time the elevator door is opened, Ketuan Zhan's hot gaze can be met, shaking hands, taking photos, and receiving money. As there is no personnel information, Ketuan Zhan does not know whether the person receiving the money is a Bitmain employee, and these people did not resume work the next day.
The effect of gentleness was not good, Ketuan Zhan began to force employees to return to work. Seeing that there are still very few respondents, Ketuan Zhan threatened employees through SMS, phone calls, EMS, emails and other harassment, issued multiple threats such as termination of contract, suspension of payment of social insurance, suspension of wages, and even used personal information saved by employees to form a group of employees. Domicile threats, requiring employees to perform "work handover", trying to force employees to return work computers, etc.
On June 10, 2020, the media revealed that Ketuan Zhan had controlled Bitmain's Shenzhen factory and prohibited employees from delivering normal shipments to paid customers, which caused difficulties in the operation of the Bitmain mining machine department.
On June 13, 2020, Hong Kong Bitmain, the parent company of Beijing Bitmain, issued a statement accusing Ketuan Zhan of signing a "Sales Agency Agreement" with the Ark Data Technology Co., Ltd. in which it holds shares, in an attempt to embezzle Beijing Bit's assets.
On June 17, 2020, the media revealed that Ketuan Zhan started selling 14,000 T17+ series mining machines at low prices.
On June 20, 2020, Hong Kong Bitmain officially suspended the supply of chips to the Shenzhen factory.
On July 13, 2020, in the "A Letter to All My colleagues in the Shenzhen Factory" released by Bitmain in Hong Kong, more details were added on the series of Ketuan Zhan's actions in June.
The legal person Feng Zhou of the Shenzhen plant is related to Ketuan Zhan. After being relieved of Ketuan Zhan's post, Jihan Wu flew to Shenzhen to have a long talk with Feng Zhou. Jihan Wu believes that Feng Zhou is the right person to manage the factory and help the company overcome difficulties, and decides to leave Feng Zhou to continue to manage the factory.
This wrong decision staged a story of a farmer and a snake. When Ketuan Zhan began to counterattack Bitmain, Feng Zhou was also quickly instigated and began to assist Ketuan Zhan in seizing customer machines and transferring 17,000 T17 mining machines in the warehouse. Hainan Continental Ark Data Technology Co., Ltd., which is held by Ketuan Zhan, sold them at a low price.
In order to protect the interests of customers, Jihan Wu had to make a compromise and paid the payment for some goods to a bank account controlled by Ketuan Zhan in exchange for delivery. However, after the other party received a payment of 109 million, the delivery stopped. On July 8, 2020, 5600 mining machines have been overdue.
At the same time, the factory defaulted on suppliers’ accounts payable as much as 200 million yuan. Bank acceptance bills issued by the factory, exceeding 36 million yuan, will expire on July 17, and more than 34 million yuan will expire on July 23. It is understood that Ketuan Zhan, after receiving the bank's dunning call, made it clear that he would not repay the loan, which would destroy the company and the entire group's credit in financial institutions.
7、 This is not the end
So far, the power struggle between the founders of Bitmain has been more than half a year. The office building already occupied by Ketuan Zhan is still empty, and most employees choose to work from home. Some chip developers returned to the office with the acquiescence of Jihan Wu and continued to maintain research and development to reduce the impact of infighting on technological iteration and competitiveness.
This giant ship that once stood on top of the supercomputer chip is crashing into the iceberg due to the madness of the former helm. Ketuan Zhan's madness and Jihan Wu's compromise made mistakes again and again. Bitmain tried to save himself many times, but was unable to get out of the black hole.
If the time goes back to that day in 2013, would Jihan Wu and Yuesheng Ge still choose to dial Ketuan Zhan?
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The deepest report: Bitmain's self-help history

The deepest report: Bitmain's self-help history
The original intention of this article is to let readers understand the causes and consequences of Bitmain internal fighting, but after writing it, I found that it is not so much internal fighting as it is a long history of self-help.
The story is very long. Let's adjust the timeline to the eve of December 17, 2018. That was one of Bitmain's most critical moments and the beginning of a series of subsequent stories.
1. Self-immolation In September 2018, Bitmain's financial department warned management that the company's cash flow has become very tight and operating costs must be reduced to allow the company to continue. The blockchain unicorn, which is valued at more than 15 billion U.S. dollars, is crippled in the run and struggling to break the corner.
In 2017, Bitmain made a profit of 1 billion US dollars In the first half of 2018, Bitmain made a profit of 1 billion US dollars Three rounds of financing, a total of 800 million US dollars Net assets should exceed 3 billion U.S. dollars In September 2018, Bitmain had tight cash flow and was on the verge of bankruptcy
A simple comparison, it is not difficult to see that Bitmain's ability to make money is incredible, and its ability to burn money is even more extreme.
How does Bitmain burn money? Do you pour cash into gasoline and burn it, or hire a lot of employees to stuff the banknotes one by one into the shredder? The actual situation is closer to the latter.
The following data can help readers quickly learn Bitmain's money burning skills.
At the beginning of 2018, the entire cryptocurrency market has entered a bear market, but Bitmain's monthly operating costs have been rising wildly. Operating costs have risen from 10 million US dollars at the beginning of the year to 50 million US dollars at the end of the year.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
Operating costs are just the tip of the iceberg. Excessive chip trial production can become a classic case of project management courses. Readers who pay attention to Cryptocurrency mining can easily find that Bitmain is still working hard to clear the inventory of Antminer S9 in 2019. As the co-CEO, Ketuan Zhan did not listen to the advice or even warnings of the Finance Department, insisting on the implementation of Excessive chip trial production, resulting in a large accumulation of inventory and tight capital turnover. Another CEO, Jihan Wu, once revealed that the loss of Excessive chip trial production to the company was approximately US$1.5 billion.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
The BM1393 chip incident is even more incredible. Chip expert Ketuan Zhan invested a lot of money on a failed chip, and finally failed again. From 2017 to 2018, Bitmain has failed Trial production of mining machine chips at least 4 times, including 16nm, 12nm and 10nm chips, of which 16nm Trial production failed twice, thus losing at least US$1.2 billion.
It is rumored that Bitmain still holds a billion U.S. dollars worth of cryptocurrency in a state of floating loss. In view of the rebound in the market in 2020, we will not comment temporarily, waiting for the correct answer from the cryptocurrency market. But the losses pointed out in the previous article are all irreversible.
2. Sole power
In September 2018, Bitmain's management realized the seriousness of the problem. It turned out that the company's money could be squandered. As a result, the management began to discuss self-help plans, and the most reasonable and effective way was obviously to lay off employees.
The probation period for newly hired employees at Bitmain is half a year, and the probationary salary is 100% of the official salary, there is no difference. Once layoffs are made, new employees who have not passed the probationary period will be the main layoff targets. The department managed by Ketuan Zhan will face large-scale layoffs. The layoff plan is strongly opposed by Ketuan Zhan. Bitmain can only temporarily abandon the layoffs and replace it with continuous reductions. For marketing and travel expenses, a budget committee was established to strictly approve every expenditure. At the same time, employee benefits, such as reimbursement of taxi expenses, breakfast supply, snacks and drinks, etc., have also been abolished, and even the tradition of giving employees 400 yuan worth of BTC/BCH every month has been stopped.
In the face of huge cash flow pressure, trivial savings is obviously of no avail. Soon, the management again discussed the layoff plan, and it has reached the point where it has to be laid off.
In December 2018, Jihan Wu began to organize all entrepreneurial veterans and business backbones to persuade Ketuan Zhan to agree to layoffs, but Ketuan Zhan still insisted not to layoffs. The persuasion process was very unsuccessful. After many meetings and intense debates, Bitmain executives were caught in a dilemma of wasting time with Ketuan Zhan.
In this process, the shortcomings of the dual CEO system began to appear, and the relationship between the two CEOs gradually deteriorated.
On the night of December 16th, Ketuan Zhan reconvened the management meeting, and more than 30 managements who were present were asked to hand over their mobile phones. At this time, Jihan Wu was on a business trip in Hong Kong and was busy with listing related work.
In the meeting, Ketuan Zhan's core content was three items:
(1) Bitmain cannot have two CEOs, only one CEO and must be Ketuan Zhan. Ketuan Zhan said that he met an old leader during a business trip. He hadn't seen each other for many years. The old leader suggested that the company can only have one CEO, and it must be him. Ketuan Zhan feels that this is a kind of fate, an opportunity given by God.
(2) Ketuan Zhan believes that the company's cash flow problems, the biggest responsibility is the inability of the financial department. To prove his point, Ketuan Zhan announced Bitmain's financial data at the meeting. In the evening, employees in Taiwan began to post messages on social media, saying that the company's capital chain was broken and the top management was split.
(3) If Ketuan Zhan is not supported, the option will be cancelled and the equity will be voided.
Hearing about this, Jihan Wu, who lives in Hong Kong, sent a WeChat message to the management who are attending the meeting.

https://preview.redd.it/c5cxea2lqid51.jpg?width=1080&format=pjpg&auto=webp&s=3d6a0388408f6b8abe10648e5e4b7a3a5434c821
On the afternoon of December 17, 2018, Jihan Wu returned to Beijing to negotiate with Ketuan Zhan all night, and finally reached a consensus in the early morning. Bitmain co-founder Yuesheng Ge announced the results of the negotiations. Jihan Wu and Ketuan Zhan ceased to serve as CEOs, and Haichao Wang served as CEO. Jihan Wu voluntarily backed down and Ketuan Zhan served as chairman.
The "12.17 Incident" had a very bad impact on Bitmain, especially the disclosure of Bitmain's financial status, which caused vendors to start dunning. The loan that had just been negotiated with the Bank of Beijing was cancelled the next day. Jihan Wu's resignation as CEO caused an uproar in the industry, and it became a hot topic among Cryptocurrency mining, blockchain practitioners, and investor communities. The media focused their interpretation on Bitmain's series of incidents, and generally looked down upon its ongoing Hong Kong IPO, believing that the high-level changes had already signaled the failure of the IPO in advance.
On Christmas December 24, 2018, Bitmain finally began to implement the layoff plan. This long-delayed “correct decision” was achieved after a stalemate for nearly three months. The AI ​​teams in Beijing, Singapore, Taiwan, and Shanghai have laid off more than 50% of their employees. The Israeli R&D center was closed and Shenzhen New Species Technology Co., Ltd., which had been acquired for only ten months, was dissolved, and all employees were laid off. Copernicus, Bitmain's top blockchain development team, was not spared and was wiped out in this layoff. Copernicus and some of the laid-off employees joined the new company Matrixport co-founded by Jihan Wu and Yuesheng Ge, headquartered in Singapore.
3. Past events when starting a business
After the "12.17 Incident", Jihan Wu gradually faded out of Bitmain's management affairs and turned his attention to the IPO and new company. And this is one of Jihan Wu's major mistakes, he began to let Ketuan Zhan manage Bitmain alone.
In fact, as early as 2013, Jihan Wu planted hidden dangers.
Jihan Wu, an investment banker, was the earliest translator of the Bitcoin white paper. He began to get involved in the cryptocurrency mining industry in 2012. The disappearance of Kaomao and Nangua Zhang's ticket skipping led Jihan Wu to decide to develop his own chip.
In 2013, Jihan Wu established his own mining machine company. Together with Yuesheng Ge, who was only 20 years old, he found Ketuan Zhan, an integrated circuit designer of the Chinese Academy of Sciences, to create the protagonist of this article, and later the digital Cryptocurrency mining giant, Bitmain.
Jihan Wu promised Ketuan Zhan that every time a mining machine chip was successfully developed, he would give some shares to the Ketuan Zhan team. At that time, the company founded by Ketuan Zhan was on the eve of falling apart. In order to regroup the team, Ketuan Zhan promised to share half of his shares with the team members. Unfortunately, this is just a bad check. With the rapid development of Bitmain and higher and higher valuations, the expanding Ketuan Zhan almost monopolized all the shares.
Like many startups, Bitmain encountered many difficulties in its early days, and many jobs had to be done by the boss. For example, in the chip design and production process in the second half of 2013, Bitmain was caught in a dilemma of insufficient funds. Jihan Wu personally raised funds and met with TSMC’s sales to persuade TSMC to accept the production needs of a start-up company. Jihan Wu also participated in the selection of the thermodynamic parameters of the heat sink in the Antminer S1.
In 2014, Jihan Wu discovered that this company was independently operated by Ketuan Zhan, which had huge problems. Forcing Jihan Wu to continue to participate in company management.
At that time, Bitmain's mining machine chips had just achieved a certain lead in the standard design process. Jihan Wu believes that the next step must be to develop full customization technology, but Ketuan Zhan plans to invest resources in the research of mobile payment chips.
Ketuan Zhan met a mysterious person from the Party Central Security Bureau who claimed to be able to manipulate the Party Central Committee’s decision-making process for the next generation of mobile payment cryptography standards, but this direction is likely to lead to the fact that Bitmain has just gained the lead in the mining machine market. Regained.
Jihan Wu said that as a graduate of the School of Economics, with a little memory of his high school stage and the knowledge reserve of a computer technology amateur, he retrieves various materials and papers every day, learns theories related to full customization, and goes to Ketuan Zhan conducts persuasion work there.
Fortunately, in the direction of full customization technology, Ketuan Zhan finally listened to Jihan Wu's opinion. Bitmain quickly integrated the technical experts from the United States and Russia introduced by Jihan Wu, which greatly improved the design level of chips and complete machines.
In 2015, Jihan Wu suggested that Ketuan Zhan consider the direction of artificial intelligence. But Ketuan Zhan is not here, he prefers the CPU direction. After staying asleep at night, coupled with in-depth analysis by the Bitmain investment team, Ketuan Zhan finally agreed with this direction. It is a pity that after the Tianshi Chen brothers made major breakthroughs in theory and practice, Bitmain officially invested in the relevant direction, and it was still a step behind.
In the two years from 2016 to 2017, Bitmain's business performance has achieved rapid development, becoming a unique super unicorn in the blockchain industry. According to Froth & Sullivan, in 2017, Bitmain Technology Holdings was the second largest fabless chip design company in China and the tenth largest fabless chip design company in the world, and the fourth largest fabless ASIC chip design company in the world, accounting for 74.5% of global cryptocurrency market share.
However, the huge crisis has long been buried in the early days of entrepreneurship.
Ketuan Zhan's decision on major directions revealed his weakness of extremely lack of business understanding. But every mistake he made was blocked by the company's core employees. His overconfidence in his management ability led to the gradual intensification of conflicts, and the management differences between the two founders became more serious.
4.The giant gets lost
The contradiction between the two broke out on December 17, 2018. Ketuan Zhan used extreme means to force the management to compromise with him by canceling the option, so as to achieve the goal of sole control of the company. Jihan Wu returned to Beijing from Hong Kong overnight and negotiated with Ketuan Zhan all night. In the end, the two resigned as CEO. Jihan Wu retired. Ketuan Zhan has the exclusive rights of chairman in exchange for the implementation of the layoff plan.
Jihan Wu's voluntary retreat has intensified Ketuan Zhan's management to do whatever he wants.
A Bitmain employee commented on Ketuan Zhan's management skills, summed up in two letters-SM.
After becoming the sole helm of the company, Ketuan Zhan quickly "rectified" the department in charge of Jihan Wu as the chairman of the board. He guided the sales of mining machines at the dinner, and pointed out that the sales performance is not due to the sales staff. Ability is strong, but the company provides opportunities. Take two sales leaders as examples, saying that if the company hadn't given the opportunity, they would still be losers. In addition, Ketuan Zhan also instructed the sales staff on how to toast and imparted the wine table culture and experience.
After the meal, Ketuan Zhan came to the conclusion that the quality of Bitmain sales staff was too poor, and Huawei’s blood needs to be injected to drive the company’s progress. Soon, the marketing and sales director from Huawei officially took over Bitmain, opening the era of brand premium for Antminer.
In order to further understand and guide the sales work, Ketuan Zhan asked to meet the customers with the sales staff. During the negotiation process, Ketuan Zhan had a heated discussion with customers on the issue of Chinese and Western medicine, and had also forced the sales staff to be able to ship 10,000 machines due to insufficient production capacity.
Although the requirements for sales personnel are strict, Ketuan Zhan has provided a lot of convenience for "Mainland Ark". In addition to selling mining machines at a more favorable price, Bitmain's mining machines are also hosted in Ming Wang at a higher price than the market price. Mine. It is reported that both Ketuan Zhan and Ming Wang are shareholders of Ark.
The new sales strategy of Huawei's executives has also brought very obvious changes to Bitmain. The self-righteous brand premium reduces the price-performance ratio of Antminer, causing competing products to eat away at Bitmain's market share. Later, Bitmain found that the strategy was wrong and started to cut prices, and found that the mining machine market was saturated and the purchase demand of miners had decreased.
More dangerous than the sales strategy is that the technical advantages of Antminer are being chased by competing products, and even overtaken. At the same time, the two mining pools under Bitmain also lost their first and second positions. The AI ​​business, which Jihan Wu placed high hopes and Ketuan Zhan personally supervised, became a laughing stock in the industry. Not only did it fail to make a profit, it almost brought down Bitmain.
Blindly introducing senior executives from Huawei to occupy important positions completely destroys the company's internal cultural foundation. The bureaucracy within Bitmain began to corrode from high-level employees to ordinary employees. Ketuan Zhan is not aware of this. He is still keen on recruiting Huawei employees, imitating Huawei's organizational structure and strategy, letting HR do sales and R&D personnel to do HR.
The organizational structure adjustment in October 2019 was the fuse for Ketuan Zhan to completely anger Bitmain management. This time, Ketuan Zhan completely marginalized Bitmain’s veteran employees, and suddenly promoted some of the “airborne soldiers” who had just joined the company to the position of person in charge, which caused the former person in charge to report to the new employees. The two managers who were originally equal The hierarchy becomes the subordinate relationship, the operation and development of different business lines are merged into a large department, the upward reporting process becomes more cumbersome, and the relationship between employees becomes delicate.
5. Headwind
On October 29, 2019, Jihan Wu urgently held a staff meeting. Prior to this, the legal representative of Beijing Bitmain has been changed to Jihan Wu, including the parent companies Hong Kong Bitmain and Cayman Bitmain. Jihan Wu stood in the lobby of Building 25, B1, announcing that Ketuan Zhan has been relieved of all duties. Any employee in the Bitmain Group shall no longer execute Ketuan Zhan’s instructions and participate in any meetings convened by Ketuan Zhan. If there is any violation, the company will demotion and expel the company based on the severity of the circumstances. If losses are caused to the company, the company will be held accountable.
Jihan Wu's speech is very long, which can be summarized as follows:
(1) Ketuan Zhan has been relieved of all duties. Also expelled from the original Huawei company HR Zhi Wang introduced by Ketuan Zhan at the end of 2018. Zhi Wang’s reputation on Bitmain was extremely poor and was ridiculed by employees as "nine thousand years" (In ancient China, the emperor was called "ten thousand years old", and the prince was "eight thousand years old." However, in the Ming Dynasty, there was an eunuch who caused harm to the country and the people. He called himself "nine thousand years old", meaning that he was only A little lower than the emperor's level).
(2) Ketuan Zhan's ability to control the company's option incentive plan has disappeared, and it is no longer possible to cancel employees' options at will.
(3) The organizational structure adjustment plan led by Ketuan Zhan was suspended.
(4) We are optimistic about the future of AI business, but the premise is that the main business can continue to make profits in order to support the company's continued investment in AI business.
In the speech, Jihan Wu also told employees the whole story of the "12.17 Incident" and bluntly said that the company is not in good condition. If no measures are taken, Bitmain is likely to go bankrupt in three quarters and he must come back to save the company.
At this time, Ketuan Zhan, who was on a business trip in Shenzhen, finally experienced the situation of Jihan Wu in the "12.17 Incident".
After the official return, Jihan Wu began to clearly point out the company's various problems in operation and management, and went deep into each business line to understand the situation. In the mining machine sales department meeting, employees spoke enthusiastically, reflecting on the difficulties and opinions encountered in the work, the marketing and sales director from Huawei asked with a surprised look, "Why didn't these issues be reported to me before?", and soon , The director was interviewed and "voluntarily resigned."
On November 2, 2019, Jihan Wu announced a salary increase for all employees. Bitmain’s last salary increase dates back to 2018. In principle, Bitmain has two salary increases every year.
On November 7, 2019, Ketuan Zhan spoke on social media for the first time, describing his hardship in starting a business, and condemning Jihan Wu for “stabbing a knife in the back”. At the end of the article, he also set himself a KPI for 2020, that is, the mining machine market share will reach 90%, and the AI ​​business will earn 1 billion.
But Ketuan Zhan's majestic plan did not make Bitmain employees feel emotional, but ridiculed him instead. Employees exposed that he insulted employees, advocated Chinese medicine, believed in Buddhism, drank in meetings, practiced Qigong...
However, there is less than half a year before the halving of Bitcoin production, and the cryptocurrency market shows no signs of recovery, which makes Bitmain management very anxious.
On January 6, 2020, Bitmain ushered in another round of layoffs, with a layoff ratio of about 1/3. This time the layoffs have caused many employees who have just increased their salaries to feel very grieved. On the one hand, they were looking forward to Jihan Wu's return. On the other hand, the compensation for this layoff was less than 18 years.
Ketuan Zhan, who has been unable to enter the Bitmain office area, once again spoke on social media and firmly opposed to layoffs. We do not need to lay off staff and we cannot commit suicide.
During the Spring Festival, Covid-19 broke out. Mainland China has begun to extend the Spring Festival holiday and advocate working from home. Under the chain reaction caused by Covid-19, most companies have chosen to cut salaries or even lay off employees. In the first two months of 2020, China's exports fell by 17%, U.S. stocks were broken four times in a row, Bitcoin plunged 40% in 24 hours on March 12, 2020, and crude oil futures fell by 300% on April 20, 2020...
Obviously, Jihan Wu can't predict, but this layoff seems to be the right decision again. In addition, from January to April 2020, Bitmain's revenue exceeded US$400 million amid the spread of Covid-19 and the collapse of the financial market.
6. Fight to the death
When Jihan Wu tried to get the company back on track, Ketuan Zhan was not helpless. On April 28, 2020, Ketuan Zhan finally rolled back the legal representative of Beijing Bitmain to before October 28, 2019 by repeatedly submitting administrative reconsiderations, and restored his status as a legal representative.
On the morning of May 8, 2020, a piece of news about Bitmain quickly appeared on the real-time hot search rankings, and even dominated the headlines of the day. At window 52 on the second floor of the Haidian District Government Affairs Center, when Ketuan Zhan, the legal person of Beijing Bitmain Company, was receiving the business license, a group of unidentified people snatched the business license from the industrial and commercial administrative staff. A source at the scene said that the number of unidentified people in the group was about 60 people, of which Luyao Liu was directing at the scene.
This is a skillful piece of news. It first leads readers to think that Ketuan Zhan is a victim, using 60 people to grab business licenses as the focus. The masses accused Jihan Wu of lawlessness, but ignored whether the government affairs center could have 60 personnel. As for Hong Kong Bitmain to have the right to appoint a representative to obtain a business license, this is a deeper level of thinking.
The follow-up report restored the real situation at the scene. Only more than ten people were present, and both sides were equipped with security personnel. Bitmain employees also broke the news in the circle of friends, claiming that Ketuan Zhan's bodyguard had injured Bitmain's authorized person, and said in a threatening tone, "Be careful!"
However, the subsequent plot reversal did not have much effect. Jihan Wu's reputation has been greatly affected. From a bloody soldier who rescued the company in trouble to a lawless criminal, it can be said to be a world of war. do not.
Ketuan Zhan, who succeeded in the first battle, began to counterattack Bitmain continuously. On the afternoon of June 3, 2020, Ketuan Zhan led a team to pry open the back door of the Beijing Bitmain office and formally occupied the deserted Beijing headquarters.
On June 4, 2020, Ketuan Zhan called on Bitmain employees to resume work and promised to expand the company's market value to more than US$50 billion within three to five years. After that, Ketuan Zhan began to contact employees by phone, trying to acquire the options in the hands of employees at a valuation of 4 billion US dollars.
Subsequently, Ketuan Zhan recalled Huawei's executives and issued a series of personnel appointments and removals. As of June 9, 2020, Ketuan Zhan has successively eliminated CFO Luyao Liu, and Wenguang Wang, the head of the mining center. Luyao Liu is responsible for controlling Bitmain's IPO plan. He also appointed Yanwu Ma as the HR director, Gang Ren as the head of the mining center, Yonggang Sun as the head of the supply chain, Ling Gu as the financial director, and Bin Zhu as the head of the mining machine business department. Bin Zhu is the senior executive of Huawei who was interviewed and left as mentioned in the previous article. During his tenure, he reduced Antminer’s 90% market share to 50%, and received a large number of complaints from miners. Internal employees once speculated that he might be Compete against the spies sent by the company.
In addition to recalling senior executives of Huawei, Ketuan Zhan also urged employees to return to work. They can receive a bonus of 10,000 yuan when they return to work on the same day, which is only half the next day. Ketuan Zhan showed a very kind side. Every time the elevator door is opened, Ketuan Zhan's hot gaze can be met, shaking hands, taking photos, and receiving money. As there is no personnel information, Ketuan Zhan does not know whether the person receiving the money is a Bitmain employee, and these people did not resume work the next day.
The effect of gentleness was not good, Ketuan Zhan began to force employees to return to work. Seeing that there are still very few respondents, Ketuan Zhan threatened employees through SMS, phone calls, EMS, emails and other harassment, issued multiple threats such as termination of contract, suspension of payment of social insurance, suspension of wages, and even used personal information saved by employees to form a group of employees. Domicile threats, requiring employees to perform "work handover", trying to force employees to return work computers, etc.
On June 10, 2020, the media revealed that Ketuan Zhan had controlled Bitmain's Shenzhen factory and prohibited employees from delivering normal shipments to paid customers, which caused difficulties in the operation of the Bitmain mining machine department.
On June 13, 2020, Hong Kong Bitmain, the parent company of Beijing Bitmain, issued a statement accusing Ketuan Zhan of signing a "Sales Agency Agreement" with the Ark Data Technology Co., Ltd. in which it holds shares, in an attempt to embezzle Beijing Bit's assets.
On June 17, 2020, the media revealed that Ketuan Zhan started selling 14,000 T17+ series mining machines at low prices.
On June 20, 2020, Hong Kong Bitmain officially suspended the supply of chips to the Shenzhen factory.
On July 13, 2020, in the "A Letter to All My colleagues in the Shenzhen Factory" released by Bitmain in Hong Kong, more details were added on the series of Ketuan Zhan's actions in June.
The legal person Feng Zhou of the Shenzhen plant is related to Ketuan Zhan. After being relieved of Ketuan Zhan's post, Jihan Wu flew to Shenzhen to have a long talk with Feng Zhou. Jihan Wu believes that Feng Zhou is the right person to manage the factory and help the company overcome difficulties, and decides to leave Feng Zhou to continue to manage the factory.
This wrong decision staged a story of a farmer and a snake. When Ketuan Zhan began to counterattack Bitmain, Feng Zhou was also quickly instigated and began to assist Ketuan Zhan in seizing customer machines and transferring 17,000 T17 mining machines in the warehouse. Hainan Continental Ark Data Technology Co., Ltd., which is held by Ketuan Zhan, sold them at a low price.
In order to protect the interests of customers, Jihan Wu had to make a compromise and paid the payment for some goods to a bank account controlled by Ketuan Zhan in exchange for delivery. However, after the other party received a payment of 109 million, the delivery stopped. On July 8, 2020, 5600 mining machines have been overdue.
At the same time, the factory defaulted on suppliers’ accounts payable as much as 200 million yuan. Bank acceptance bills issued by the factory, exceeding 36 million yuan, will expire on July 17, and more than 34 million yuan will expire on July 23. It is understood that Ketuan Zhan, after receiving the bank's dunning call, made it clear that he would not repay the loan, which would destroy the company and the entire group's credit in financial institutions.
7、 This is not the end
So far, the power struggle between the founders of Bitmain has been more than half a year. The office building already occupied by Ketuan Zhan is still empty, and most employees choose to work from home. Some chip developers returned to the office with the acquiescence of Jihan Wu and continued to maintain research and development to reduce the impact of infighting on technological iteration and competitiveness.
This giant ship that once stood on top of the supercomputer chip is crashing into the iceberg due to the madness of the former helm. Ketuan Zhan's madness and Jihan Wu's compromise made mistakes again and again. Bitmain tried to save himself many times, but was unable to get out of the black hole.
If the time goes back to that day in 2013, would Jihan Wu and Yuesheng Ge still choose to dial Ketuan Zhan?
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Should I contact my ex?

My ex [38M] broke up our 3-years relationship 3 months ago. I [32F] moved from Brazil to the UK to join him after our 1-year long distance relationship, and we lived together for 2 years. We never had major fights, even though we had our differences, and the only major issue we had (at least as far as I knew) was the fact I hated the small town where we lived. Looking back on it now I was pretty miserable and even considered getting a job as a barmaid. He said London was off the list, and he’d not live somewhere in the uk. he kept pushing for us to move to Portugal to live in one of his parents’ homes in an even more remote area. So I said no.
Around October last year I told him I was contemplating moving back home before. Life in a place where I had no social life and no friends was unbearable. He came home in tears that day saying he’d do anything to keep me and that he’d realised if I left that was it and he didn’t want to lose me. He’d even consider London, but if we went I’d see how absurdly expensive it was and it wouldn’t work. He even volunteered to lease a place for me in Portugal until he could join me, but not London. We agreed to airbnb a few places in the UK and Portugal to see what we both liked, but that ended up not happening as he traveled with his dad for 2 months. I myself was terrified of how much living in London could potentially cost so I didn’t push for it, especially because I still worked full time online in Brazil and the conversion rates could go mental.
In the mean time I went back home for christmas and it felt so strange to not have a place in Brazil anymore... before joining him I had my own 3-bedroom flat and lots of little things. it was like so much of my life was UK-based now. When I got back we went on holiday to Portugal, and on the way there he asked me if I’d ever wanna manage his parents business. I said I didn’t feel I was qualified, and brought up how he felt about marriage. I felt it was a natural step in out relationship. I’d moved across the world, we lived together, he added me as a second name to his bank account and even wanted me to help in the family business... it turned out his dad had asked him the same thing, asked about children and told him I’d want more from him one day. I honestly don’t know if I want children, but it’s not something I expected from him and it’s not an essential thing for me. Well, he grew increasingly anxious and confessed to me he didn’t see a future with me, didn’t think I was the one, felt nothing for me when I came back, had been talking to the friends we’d met during the holiday abo his desire to leave me and didn’t love me enough. The whole shit sandwich, which apparently was triggered by me asking about marriage more than once and joking about parenting styles. He said he sat across from me when we were having dinner and couldn’t stop thinking I was not the one and that we were incompatible because I didn’t like their yacht (but never stopped him from going) and was extraverted. Ok. So he booked me a last minute flight back to England so I could get my stuff and move out. He took me to the airport in tears and said goodbye telling me about how I’d be an amazing mum one day.
Ok. I left and moved on. Moved to London. The problem is that I couldn’t take my green screen and my bitcoin passphrase. The first I couldn’t fit in the car and the second was in his security vault, to which I have the fingerprint access but not the keys. I kindly asked him to hand them to a friend we had in common so I’d pick them up. By then, we’d been apart for less than a month. He offered to keep my bitcoin card because “I’d be moving around so much”, but I said it didn’t matter and I wanted it. I moved in with a good friend in London and got the job of my dreams. It all fell into place really quickly for me and if it wasn’t for the corona virus I’d be fully booked now. I started meeting younger people and doing fun things. My broken heart started healing itself.
I don’t wanna get back together. The weird thing is he is still holding on to my things, and still hasn’t taken my name from his bank account or the gold shop where he keeps a large portion of his wealth. Funny thing, but even though he didn’t see a future with me he added me to all those things as his life partner. The thing is, I don’t want to have a joint account or be a partner anymore. I went to the bank today and they said I can’t remove my name from the account without his signature, even though there is no debt, or a mortgage, or anything of the sort. To me, having all these loose ties with the man who treated me like shit gives me this lack of a sense of closure, but I am not sure if I want to contact him for anything. I think it’s just so disgraceful he would dump me and then not return something I need for my work, and it’s so weird he still has me on his stuff like that when he was the one who didn’t want to stay together anymore. What would you do in my place? I am so annoyed that even when he dumps me I have to wait for him to take his time with things...
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Gobler's Fantasy Consistency Rankings Week 8

WEEK 8 CONSISTENCY RANKINGS HERE
Hey all. I posted these last week, but didn't quite get the traction I had hoped for due to difficulties with the automod.
In short, this tweet from last season regarding the consistency between Tyreek Hill and Anotonio Brown inspired me to create data for player consistency. For those too lazy to click the link, Tyreek Hill and Antonio Brown were both averaging around 21.5 points in PPR leagues through week 13 of the 2018 season. However, how those two players went about getting those points differed greatly. Antonio Brown was fairly consistent throughout the season. With his lowest score being 14.6 and his highest being 31.4, AB’s line graph is fairly flat and consistent - at least in comparison to Reek’s. Tyreek Hill’s graph, on the other hand, is all over the place. As the top twitter comment suggests, “Tyreek Hill [was] Bitcoin.” Hill would explode for monster games some weeks, but then score in the single digits in others.
This got me thinking. Why isn’t there more emphasis on consistency? Every year before drafts begin, every other comment is about “minimizing risk” by drafting safe and consistent players. We are taught to value the James Whites of the world, but then blow large quantities of our FAAB on players like Will Fuller.
Using my 9th grade math skills, we can better objectively view players through consistency using standard deviation. With this information, we can gather a better understanding of which players are truly consistent, as opposed to simply looking at season averages. Furthermore, we can also use this data to help us make more accurate predictions in the future.

Standard Deviation (SD)
Standard deviation is a measurement of variation or dispersion in a given set of data. The smaller the standard deviation, the closer the data is to the mean (average).
For example: Let’s say that Lamar Jackson has an SD of 6.97 fantasy points, and Jameis Winston has an SD of 7.74 fantasy points. Clearly, 6.97 is less than 7.74. From this, we can say that Lamar’s performances have been closer to his expected value (average) more so than Jameis’s performances have been to his expected value.
68-95-99.7 Rule
In a normally distributed set of data, we can expect that 68.26% of values are plus or minus one standard deviation from the mean, 95.44% of values are within plus or minus 2 SD, and 99.7% are within plus or minus 3 SD.
Using Lamar as an example again, we would say that about 68% of Lamar’s performances are between ±1 SD from his average of 25.1 fantasy points. Since Lamar’s SD is 6.97, we can say that 68% of his games are between 18.13 (25.1 - 6.97) and 32.07 (25.1 + 6.97) points.

Disclaimer: I did not include ± 3 SD from mean since ± 2SD covers almost all data with 95.44%. Also, I don’t think you need me to tell you that there is a 99.7% chance that a player like Lamar Jackson’s score falls between something like 46.0 and 10.0 points.
Coefficient of Variation (CV)
If you’re only going to take one thing from this post, this is the most important part. Coefficient of variation is a measurement of consistency. It’s simply the players Standard deviation divided by their respective average. It’s a good way to compare results between multiple sets of data, like fantasy football players. This just shows us the relationship between a player’s SD and their average. More specifically, it shows us how close players are to their overall season average, which is considered their “expected value.”
THE SMALLER THE NUMBER = MORE CONSISTENT. For example: Let’s say Christian McCaffrey has a CV of .450 and David Johnson has a CV of .526. From this, we can say that CMC has been more consistent and is more often performing closer to his season average on a weekly basis than DJ is.

Things to Note
Q: What scoring format is this for?
A: .5 PPR scoring and standard scoring for QBs, D/STs, and Ks.

Q: Why is player ________ not on this list?
A: To provide a more accurate depiction of each players respective seasons, I first sort the players by average points/game. Then, I only include the top 20 scoring players for QBs, top 40 for RBs, top 40 for WRs, top 20 for TEs, and top 20 for Ks. But because I’m a sweetheart, and D/STs are more about matchups, I include all 32 D/STs. If your player isn’t on the table, then they didn’t make the cut this week. I also took the liberty of removing players that are on IR for the remainder of the fantasy season, haven't played most games (with the exclusion of Brees), or aren't on teams anymore @AB84.

Q: What formula for standard deviation did you use?
A: Credit to u/YoureNotMom. On last weeks post, this Bachelor of mathematics educated me on why using the population standard deviation was not as statistically valid as using the sample standard deviation. In his words: "We don't know each QB's true perimeters. Imagine we're in the Matrix and everyone's every characteristic is quantified. Two such parameters would be your mean and standard deviation for both passing yards and passing TDs (for 4 total). As a computerized NPC, you will always produce outcomes derived from those parameters. You could then calculate the mean and standard deviation of fantasy points based on the yards and TD figures.
However, we're not in the matrix, so we don't know a QBs "true" mean and SD for his fantasy points. We only have this year's sample to work backwards with and to infer their "true" values from. So if you rerun these numbers with the sample instead of the population button depressed, you'll get more-valid statistics."

Q: This all seems like a lot of data, no?
A: It is and it isn’t. I wanted to provide an objective and somewhat more holistic perspective. That’s why I included everything that I did. For those who just want a quick glance at the consistency part, look at the highlighted column at the end of the table for coefficient of variation.

Q: Since the coefficient of variation is mean divided by the standard deviation, then why for D/STs with negative averages is their CV not negative? A negative divided by a positive is negative.
A: Good question. You are 100% correct. A negative divided by a positive is most definitely a negative. However, if the CV are entered as negatives, and then I sort from lowest to highest, the negative numbers would be incorrectly listed at the top of the consistency column.

Q: Where did you get all the stats from?
A: I used ESPN standard scoring for the D/ST. For everything else, I used .5 PPR scoring data from fantasydata.com

Q: Why did you choose purple and yellow for the table?
A: Kirktober is over, and he is nearly leading the league in Quarterback Rating. If November is anything like October, a certain internet holiday that takes place the entirety of November might be hard for me to maintain.
submitted by -Gobler- to fantasyfootball [link] [comments]

The Occult, Numerology & A Lot Pointing at an Event on August 10/11th

Take some of this with a grain of salt. But, as you know through my Shemitah analysis and digging into the occult signs, symbols, dates and numerology used by many of the satanic cabal that currently rule over this Earth that I do pay attention to these things.
I also have one particular TDV subscriber in the Czech Republic who parses through a lot of this data for me… and what we have been uncovering about some sort of event on August 10th/11th is at least worth mentioning here. If something of interest does happen on this date then at least I can say I tried to tell you. And, if nothing happens, much of this information is interesting nonetheless.
TISHA B’AV
Tisha B’Av, the 9th day of the month of Av, which is the 11th month in the Jewish calendar (in Europe they would write this date as 9.11., this year 2019 in Gregorian calendar TISHA B´AV falls to August 10-11), is the saddest day in the Jewish calendar, on which the orthodox jews fast, deprive themselves and pray.
It is the culmination of the Three Weeks (of mourning), a period of time during which we mark the destruction of the two Holy Temples in Jerusalem, the Solomon’s temple by the Neo-Babylian empire in 587 BC and Herod's temple by the Roman empire in 70 AD.
It is crucial to note that this world is run by secret societies and at the very hard core of the secret societies is the Kabbalah. Kabbalah is the ancient jewish mysticism. It is a method of encoding information through a system of mathematics and numbers. It is some of the most ancient knowledge that man has ever possessed and has been kept secret and given only to those who proved themselves worthy through the process of initiation.
Nobody today really knows where it comes from, it was here a long time before the jews came along, the jews just took it and preserved it. It truly is the hardcore of the secret knowledge, the metaphysics, the science that not even 0.1% of the today´s world population know anything about,
Shortly to the symbol 911 and what it means in Kabbalah; Tisha B'Av is actually the Ninth of AV, the 9th day of the 11th month in the jewish calendar. In Kabbalah number 10 is the symbol of God's perfection and superiority.
The satanists (what the people at the highest ranks of the secret societies like freemasons are) are literally very afraid of God, so they do everything to escape God’s supervision over their deeds , try to hide from Him and that is why they have this symbol 9 11 as the most satanic one, since they believe this symbol kind of “jumps over” or “skips” God, since God’s symbol of perfection and superiority in Kabbalah is the number 10.
They jump over the number 10 or try to skip it, that is why 9 11… the Tisha B´Av holiday of the jewish calendar falls into the second half of July or first half of August in the Gregorian calendar.
Some of the events that took place on Tisha B´Av in history:
● The First Crusade officially commenced on August 15, 1096 (Av 24, AM 4856), killing 10,000 Jews in its first month and destroying Jewish communities in France and the Rhineland. ● The Jews were expelled from England on July 18, 1290 (Av 9, AM 5050). ● The Jews were expelled from France on July 22, 1306 (Av 10, AM 5066). ● The Jews were expelled from Spain on July 31, 1492 (Av 7, AM 5252). ● Germany entered World War I on August 1–2, 1914 (Av 9–10, AM 5674), which caused massive upheaval in European Jewry and whose aftermath led to the Holocaust. ● On August 2, 1941 (Av 9, AM 5701), SS commander Heinrich Himmler formally received approval from the Nazi Party for "The Final Solution." As a result, the Holocaust began during which almost one third of the world's Jewish population perished. ● On July 23, 1942 (Av 9, AM 5702), began the mass deportation of Jews from the Warsaw Ghetto, en route to Treblinka. ● The AMIA bombing, of the Jewish community center in Buenos Aires, killed 85 and injuring 300 on July 18, 1994 (10 Av, AM 5754). ● The Israeli disengagement from Gaza began in the Gaza Strip, expelling 8000 Jews who lived in Gush Katif; August 15, 2005; 10 Av, 5765. ● Last year 2018 on Tisha B´Av on July 21st, we had a shooting in Chicago. It happened at 10:30am when the arms of the clock point at 11 and 6, the upside down 911.
Tisha B´Av this year is the numerical value of the number 58, 11+8+20+19, 58 is very symbolic number for freemasonry and other occult or secret societies. Donald Trump is also connected to this number, we will devote some attention to this number with relation to Donald Trump later below, furthermore the word TRUMP equals 222 in „reverse satanic“ style of gematria. August 10th is the 222nd day of the year.
Moreover, some numerologists are saying that the most satanic day in the year from the number point of view is June 6th, like 6/6. For example, last year the merger of the two giants, Monsanto and Bayer , deal for $66 billion USD, was allegedly signed on 6/6/18 (18=6+6+6). Now if you add 66 days to 6/6 (June 6th), you’́ll come to August 11th, TISHA B´AV of 2019.
This year we had a ritual on 6/6, with all the world’s (mis)leaders in Normandy, France, the 75th anniversary of the Normandy landing of the allies in 1944. On CNN they put some headlines in quotes, like “NORMANDY ANNIVERSARY” which equals 222 in ALW Kabbalah style of gematria (the beginning of Tisha B´Av this year is in the evening of august 10th, the 222nd day of the year). They also posted, “NORMANDY D-DAY” which equals 118 in both ALW and KFW Kabbalah styles of gematria. Maybe they are pointing to august 11th as much as they can, since 11.8. is the way August 11th is written in Europe.
AUGUST 11TH
The date 11.8. is also like 11+8 = 19, we are in the year 19, 19 matches CHAOS is gematria, in reverse it is 91, matching PHOENIX.
It is also like 11x8=88, which is the symbolic number of Trump, in other words the “super time number.”
The number 11 in Kabbalah is representing duality, shattering and the initiation into the mysteries of religion. September 11th was permeated by the number 11 like no other event in known history. 11 is also represented by the twin pillar of Jachin and Boaz, which stood at the entrance of Solomon’s temple. Number 11 and its multiples are the master numbers in numerology, they do not get reduced unlike the other numbers, which can be reduced.
The number 8 is the number of time, represented by the hour glass, the infinity symbol and the Ouroboros biting its own tail. Number 8 is also the symbol of the Magician tarot card, the Magician is always depicted with the number 8 above his head and with the hourglass on the table in front of him. 1+1+8+2+0+1+9=22
22 is the “master builder number”, freemasons consider themselves to be THE MASTER BUILDERS. Also, there is 22 books of revelation, this date august 11th seems to be very much entangled with eschatology or the end times.
Haarp’s patent day is August 11th 1987. It will be exactly 32 years on august 11th 2019. The 32nd degree is the highest degree of initiation of the Scottish rite of freemasonry, the most used rite among the Jewish freemasons. It has 33 degrees, but the 33rd degree is the so called “honorary degree”, the masons in the 33rd degree are bestowed this kind of degree as a credit for what they have done for freemasonry in their life or even after they die. No higher initiation into any more “sacred knowledge”, the highest degree of initiation is the 32nd degree.
The formation of AL-QAEDA was on 11.8.88 (1988). This year on August 11th 2019 it will be exactly 31 years. 31 is the 11th prime number and also 13 in reverse, 13 is the biblical number of rebellion. AL-QAEDA matches 58 in gematria (words matching this number will be named later on) and also 888 in gematria, matching DONALD J TRUMP, EMMANUEL MACRON, JESUS CROSS, DEUTSCHE BANK
Also, 11.8, 1919 the new German constitution was adopted, founding the Weimar Republic. This act lead Germany shortly after the first world war and a downwards spiral of hyperinflation, consequently into a nazi overtake, and ultimately into the second world war.
DONALD TRUMP
With the connection of building the third temple in Jerusalem at this time, the third year of the reign of Donald Trump as the new “King Cyrus” (the third year of the reign of King Cyrus is being described in the bible), and along the fact this year being very, very important for the satanic rulers on its own, this year TISHA B´AV on August 10th-11th 2019 seems to be a quite probable date for some kind of event of 911 importance.
The state of Israel just celebrated its 71st anniversary on May 14th this year. 88 days later we´ll come to August 10th, the beginning of TISHA B´AV. 88 is the symbolic number of Trump (the re-incarnated King Cyrus):
● Trump spent 88 million USD of his own money for his campaign ● Trump had 88 offices across the US during his presidential campaign ● Trump had 88 events or campaign stops during his campaign ● Trump had the number 88 on his podium everywhere he spoke during his campaign ● Trump had 88 military advisors, retired admirals and generals who supported him in his campaign ● Trump’s slogan “MAKE AMERICA GREAT AGAIN” equals 808 in numerology. For those who missed Christine Lagarde’s lecture on numerology, zeros are ignored in numerology ● Trump’s slogan “STRONGER TOGETHER” equals 88 in two gematria styles ● Trump’s cousin Thomas P. Trump , due to which Donald Trump was being mocked during his campaign, died exactly 1 year before Trump's inauguration day, 20. January 2016, 88 days before he would be 88. ● The movie Donnie Darko, predicting Trump's victory, where the main character kind of symbolizes Donald Trump, and the movie talks about time travel and the year 1988, is overloaded with the symbology of the number 88 ● The word “Trump” matches 88 in gematria in the „english ordinal“ style, the most basic numerology style, where A = 1 and Z = 26, DONALD J TRUMP equals 888 in english-sumarian style of gematria ● Trump’s mother, Mary Anne MacLeod, died when she was 88 years and 88 days old
Donald Trump, in esoteric circles, is always compared to King Cyrus, or Cyrus the Great, the king of Persia, who released the Jews from the 70 years of captivity in Babylon, gave them back the city of Jerusalem and built a wall around it. Netanyhu even compares Trump to Cyrus.
When Trump was selected the US president, the state of Israel started minting coins with the king Cyrus and President Trump together on one coin.
If we just for a while accept the notion that Trump is the reincarnation of the King Cyrus, (now taking into account the fact they truly look alike…), we should also look at some potential other connections and similarities between these two leaders and maybe try to make some predictions of what might be happening in the near future…
Now let’s look at the bible, New King James Version, Daniel 10:
Daniel 10 New International Version (NIV)
Daniel’s Vision of a Man
10 In the third year of Cyrus king of Persia, a revelation was given to Daniel (who was called Belteshazzar). Its message was true and it concerned a great war.[a] The understanding of the message came to him in a vision.
2 At that time I, Daniel, mourned for three weeks. 3 I ate no choice food; no meat or wine touched my lips; and I used no lotions at all until the three weeks were over.
So now we are in the third year of Donald Trump (reincarnated Cyrus the Great???) presidency, who is compared to King Cyrus in many esoteric and historic aspects, and we are nearing the “three weeks of mourning.”
The three weeks of mourning are between the 17th of Tammuz (when the walls were broken down, the breach was made, when they were coming over to take over the temple and siege Jerusalem) and Tisha B´Av (the destruction of the two temples, Solomon’s temple and Herod's temple), meaning this year, 2019, between July 21st and August 11th in the Gregorian calendar.
August Eleventh is like 11.8.2019, or 11+8+20+19=58. 58 is the number very much connected to the freemasonry other occult or secret societies.
Let's look at some words matching the number 58 in numerology: JERUSALEM, THIRD TEMPLE, SOLOMON’S TEMPLE (the 1st temple that got destroyed on Tisha B´Av), HEROD'S TEMPLE (the 2nd temple that was destroyed on Tisha B´Av), RED HEIFER, FREEMASONRY, ROSICRUCIAN, SECRET SOCIETY, SCOTTISH RITES, DOLLAR
It is important to note that Donald Trump won the 58th presidential election in the USA, his inauguration date was 20.1.2017, 20+1+20+17=58, Trump Tower has 58 floors. Trump announced he would be running for candidacy from the 58th story of the Trump Tower. August 11th is 58 days after Donald Trump’s birthday (June 14th).
Donald Trump was in Israel at the exact place where they plan to build the third temple, on May 22nd 2017 (another very ritualistic day for the freemasons), exactly 811 days before 8/11, or august 11th 2019.
PREDICTIVE PROGRAMMING
THE SIMPSONS:
The episode “APOCALYPSE COW,” quite clearly symbolizing the RED HEIFER, (154 in gematria, matching TEMPLE MOUNT, RITUAL SACRIFICE).
RED HEIFER, which birth was announced by the Temple institute in Israel on September 4th 2018, a day that leaves 118 days till the end of the year, later was celebrated in Israel on 9/11/2018. The date the Red Heifer was actually born is reportedly on August 28th 2018. August 28th 2018 is like 28.8./2018, or 2+8+8=18, 1+8=9, then the year 2018 is like 2+0+1+8=11, so hidden 9/11 in the date of the Red Heifer’s birth.
The birth of the red heifer is a biblical sign of building the third temple, the third temple should be built at the time when the MESSIAH comes back to planet earth, the messiah is said to come back “through the Golden Gate”.
The Simpsons’ “APOCALYPSE COW” is the episode 17, Season 19 (season 19, do they point to the year 19??? btw. „AUGUST 11“ is 19 in gematria matching CHAOS, and also equals 91 matching PHOENIX), episode 17 (1+7=8, do they point to the 8th month of the “season” or year 19?).
“Apocalypse Cow” came out on April 27, 2008.
2008 was a leap year, so April 27th was the 118. (11.8.) day of the year.
Again, it is 11 years ago when this cartoon was put out…
THE GRIM REAPER
There is a video of Grim Reaper standing in the dress of Satan next to the San Francisco Golden Gate bridge, nicely done predictive programming, this video came out July 24th 2018, exactly 1 year and 18 days before August 11th 2019. 1 year 18 days. We are dealing again with the predictive programming of 118…
PACIFIC RIM
In this movie, which is all about a tragic events and the main one is the destruction of the GOLDEN GATE BRIDGE IN SANFRANCISCO, it shows on the scene when the bridge is being destroyed the date August 11 2013, at 9:32am (923 and its variations are the new satanic code for some kind of tragedy events). Maybe just a coincidence…
SAN FRANCISCO GOLDEN GATE BRIDGE
It is said that the “third temple” should be built at the time the Messiah comes back. Also, the story says that the Messiah will come back through the “Golden Gate”. The Golden Gate Bridge in San Francisco kind of shares the name with the Golden Gate in Jerusalem. That is the eastern gate of the Temple Mount, where a divine presence used to appear and will appear again, when the Messiah comes, and a new gate replaces the present one.
It is important to note that Donald Trump won the 58th presidential election in the US, but is actually the 45th president of the US, since some presidents made two terms.
Let's look at some word or word connections having 45 in gematria:
GOLDEN GATE, HOLY BIBLE, BRIDGE, MIKE PENCE, BITCOIN
Now the current mayor of San Francisco is the 45th mayor of San Francisco, and she is turning 45 years old on August 11th 2019. Her name is London Breed.
Lets look at the gematria of her name:
LONDON BREED 54 (45 in reverse), 317 matching SATURN, MESIAH, BITCOIN, 216 (6X6X6), 33
The construction of the Golden Gate Bridge started on January 5th, 1933. 1/5/1933 is like 1+5+19+33=58
NUMEROLOGY
It is important to note that numerology belongs to the esoteric science by which all the secret and occult societies are literally obsessed! Next to the geometry or mainly sacred geometry and architecture, math, astrotheology, it is fair to state that numerology is probably the most important one of all of the teachings in all of the mystic schools.
It is not the right time now to explain why it is so, it is just important to note that it is a fact. The cabalists and high ranking members of secret societies are convinced that words with the same numeric values are having some kind of interconnection or kind of the same vibrational frequencies and therefore kind of a same meaning or purpose in this material world, or the matrix we are living in. The core of numerology is that these people believe that God created the world by merging the letters with the numbers and vice versa.
So, let’s get technically into it and see some other correlations and predictive programming, since we know very well that the powers that should not be, according to the cosmic rule, HAVE TO ANNOUNCE THEIR PLANS IN ADVANCE, OTHERWISE IT WILL NOT COME TO FRUITION! If we are really talking about some event on a biblical scale, that could really be called 911 2.0, there really has to be something for those who have “eyes to see and ears to hear…”
August 11th 2019 is like 11+8+20+19 = 58
Let’s look at some words matching the number 58 in numerology: JERUSALEM, THIRD TEMPLE, SOLOMON´S TEMPLE (the 1st temple that got destroyed on Tisha B´Av), HEROD’S TEMPLE (the 2nd temple that was destroyed on Tisha B´Av), RED HEIFER, FREEMASONRY, ROSICRUCIAN, SECRET SOCIETY, SCOTTISH RITES, DOLLAR, GREGORIAN, CALENDAR, ZODIAC, STARS
This year the most significant freemasonic ritual was undoubtedly the burning of Notre Dame. Interestingly, the 15th of april, this ritualistic day, is exactly 118 days before August 11th, or before 11.8. Coincidently, april 15th, 15.4.2019 is like 15+4+20+19=58, the same value as August 11th 2019.
There was also one other satanic ritual this year, the so called “Christchurch shooting.” It happened on the 15th of March 2019. The zip code for Christchurch is 8011 (8/11). Interestingly, 2 mosques were attacked by the shooting as well as two temples were destroyed on Tisha B´Av. Coincidently the word connection CHRISTCHURCH SHOOTING is 118 in „jewish reduction“ style of numerology.
The Christchurch shooting happened on 15.3.2019 , it is like 15+3+20+19=57, the same as August 10th, or 10.8.2018, which is like 10+8+20+19=57, some other words matching 57 in numerology: JEWS, MOON.
11th of August is the 223rd day of the year. 223 is the symbolic number of SKULL AND BONES.
There are some words and word connections matching 223 in gematria:
THE SYNAGOGUE OF SATAN, MASONIC, GOLD AND SILVER STANDARD, GOLDEN GATE BRIDGE, NATURAL DISASTER, SAN FRANCISCO BRIDGE, LET HIM WHO THAT HATH UNDERSTANDING COUNT THE NUMBER OF THE BEAST.
On May 14th, 2019, the state of Israel has celebrated the 71st birthday. Words like TEMPLE, TALMUD equals 71 in numerology. May 14th is the 134. day of the year.
Some words matching 134 in numerology: TISHA B´AV, NINTH OF AV (the same as TISHA B´AV), NETANYAHU. From august 11th till the Netanyahu’s birthday on October 21st is exactly 71 days.
The major satanic ritual of this century was undoubtedly 9/11, or September 11th, 2001. From that day till August 11th 2019 it is exactly 17 years and 11 months. In numerology, the master number 11 and its multiples do not get reduced, the other numbers can be reduced. 17 years and 11 days. 1+7/11 is like 8 and 11 to the day 8/11. The word DEATH equals 118 in “JEWISH” style of gematria.
222
CONCLUSION
You may have read all that and just think I am crazy. But there are a lot of people who put a lot of work into decoding these things and it is very interesting information.
So, will something major occur on August 10th or 11th? And, if so, what will it be?
I’ll leave that up to you to ponder on but there is enough evidence pointing to those dates that I felt I should at least make you aware of it.
Other dates that have similar programming include September 23rd and/or November 23rd. I’ll keep an eye on those dates as well but we are thinking those dates are more likely to be of importance in 2022 or 2023.
This is all just information. Do with it what you wish. But, as I said, at the very least it is very interesting!
Source: https://dollarvigilante.com/wp-content/uploads/2019/07/JULY-2019-Dispatch-PREMIUM.pdf
submitted by 2012ronpaul2012 to conspiracy [link] [comments]

History of Reddit, Inc.

Not really sure on what flair I should use here, but I think this would do. I love Reddit. Here is a brief history. Remember, the sources have page references, so ignore the little numbers next to words. Thanks!
The idea and initial development of Reddit originated with then college roommates Steve Huffman and Alexis Ohanian in 2005. Huffman and Ohanian attended a lecture by programmer-entrepreneur Paul Graham in Boston, Massachusetts, during their spring break from University of Virginia.[47][48][49] After speaking with Huffman and Ohanian following the lecture, Graham invited the two to apply to his startup incubator Y Combinator.[47] Their initial idea, My Mobile Menu, was unsuccessful,[50][51] and was intended to allow users to order food by SMS text messaging.[47][48] During a brainstorming session to pitch another startup, the idea was created for what Graham called the "front page of the Internet".[51] For this idea, Huffman and Ohanian were accepted in Y Combinator's first class.[47][48] Supported by the funding from Y Combinator,[52] Huffman coded the site in Common Lisp[53] and together with Ohanian launched Reddit in June 2005.[54][55]
The team expanded to include Christopher Slowe in November 2005. Between November 2005 and January 2006, Reddit merged with Aaron Swartz's company Infogami, and Swartz became an equal owner of the resulting parent company, Not A Bug.[56][57] Huffman and Ohanian sold Reddit to Condé Nast Publications, owner of Wired, on October 31, 2006, for a reported $10 million to $20 million[47][58] and the team moved to San Francisco.[59] In January 2007, Swartz was fired for undisclosed reasons.[60]
Huffman and Ohanian left Reddit in 2009.[61] Huffman went on to co-found Hipmunk with Adam Goldstein, and later recruited Ohanian[62] and Slowe to his new company.[63] After Huffman and Ohanian left Reddit, Erik Martin, who joined the company as a community manager in 2008 and later became general manager is 2011, played a role in Reddit's growth.[64] VentureBeat noted that Martin was "responsible for keeping the site going" under Condé Nast's ownership.[65] Martin facilitated the purchase of Reddit Gifts and led charity initiatives.[65]
Reddit launched two different ways of advertising on the site in 2009. The company launched sponsored content[66] and a self-serve ads platform that year.[67][68] Reddit launched its Reddit Gold benefits program in July 2010, which offered new features to editors and created a new revenue stream for the business that did not rely on banner ads.[69] On September 6, 2011, Reddit became operationally independent of Condé Nast, operating as a separate subsidiary of its parent company, Advance Publications.[70] Reddit and other websites participated in a 12-hour sitewide blackout on January 18, 2012, in protest of the Stop Online Piracy Act.[71] In May 2012, Reddit joined the Internet Defense League, a group formed to organize future protests.[72]
Yishan Wong joined Reddit as CEO in 2012.[73] Wong resigned from Reddit in 2014, after more than two years at the company, citing disagreements about his proposal to move the company's offices from San Francisco to nearby Daly City, but also the "stressful and draining" nature of the position.[74][75] Ohanian credited Wong with leading the company as its user base grew from 35 million to 174 million.[75] Wong oversaw the company as it raised $50 million in funding and spun off as an independent company.[67] Also during this time, Reddit began accepting the digital currency Bitcoin for its Reddit Gold subscription service through a partnership with bitcoin payment processor Coinbase in February 2013.[76] Ellen Pao replaced Wong as interim CEO in 2014 and resigned in 2015 amid a user revolt over the firing of a popular Reddit employee.[77] During her tenure, Reddit initiated an anti-harassment policy,[78] banned involuntary sexualization, and banned several forums that focused on bigoted content or harassment of individuals.[79]
After five years away from the company, Ohanian and Huffman returned to leadership roles at Reddit: Ohanian became the full-time executive chairman in November 2014 following Wong's resignation, while Pao's departure on July 10, 2015, led to Huffman's return as the company's chief executive.[80][81] After Huffman rejoined Reddit as CEO, he launched Reddit's iOS and Android apps, fixed Reddit's mobile website, and created A/B testing infrastructure.[47] The company launched a major redesign of its website in April 2018.[18] Huffman said new users were turned off from Reddit because it had looked like a "dystopian Craigslist".[18] Reddit also instituted several technological improvements,[82] such as a new tool that allows users to hide posts, comments, and private messages from selected redditors in an attempt to curb online harassment,[83] and new content guidelines. These new content guidelines were aimed at banning content inciting violence and quarantining offensive material.[47][82] Slowe, the company's first employee, rejoined Reddit in 2017 as chief technology officer.[84] Reddit's largest round of funding came in 2017, when the company raised $200 million and was valued at $1.8 billion.[85] The funding supported Reddit's site redesign and video efforts.[85]
Technology and design Underlying code Reddit was originally written in Common Lisp but was rewritten in Python in December 2005[86] for wider access to code libraries and greater development flexibility. The Python web framework that Swartz developed to run the site, web.py, is available as an open source project.[87] As of November 10, 2009, Reddit used Pylons as its web framework.[88] Reddit was an open source project from June 18, 2008 until 2017.[89][90] During that time, all of the code and libraries written for Reddit were freely available on GitHub, with the exception of the anti-spam/cheating portions.[91] In a September 2017 announcement, the company stated that "we've been doing a bad job of keeping our open-source product repos up to date", partially because "open-source makes it hard for us to develop some features 'in the clear' ... without leaking our plans too far in advance", prompting the decision to archive its public GitHub repos.[90]
While Reddit has continued calling itself open source[92] it has failed to continue updating its code for years. Development forks continue slowly on Reddit-like alternative sites such as SaidIt.net, Ceddit.com, Notabug.io, and Rebbit.kr.[citation needed]
Hosting and servers As of November 10, 2009, Reddit decommissioned its own servers and migrated to Amazon Web Services.[93] Reddit uses PostgreSQL as their primary datastore and is slowly moving to Apache Cassandra, a column-oriented datastore.[when?][citation needed] It uses RabbitMQ for offline processing, HAProxy for load balancing and memcached for caching. In early 2009, Reddit started using jQuery.[94]
Mobile apps In 2010, Reddit released its first mobile web interface for easier reading and navigating the website on touch screen devices.[95] For several years, redditors relied on third-party apps to access Reddit on mobile devices. In October 2014, Reddit acquired one of them, Alien Blue, which became the official iOS Reddit app.[96] Reddit removed Alien Blue and released its official application, Reddit: The Official App, on Google Play and the iOS App Store in April 2016.[97] The company released an app for Reddit's question-and-answer Ask Me Anything subreddit in 2014.[98] The app allowed users to see active Ask Me Anythings, receive notifications, ask questions and vote.[98]
Product and design changes The site has undergone several products and design changes since it originally launched in 2005. When it initially launched, there were no comments or subreddits. Comments were added in 2005[18][99] and interest-based groups (called 'subreddits') were introduced in 2008.[100] Allowing users to create subreddits has led to much of the activity that redditors would recognize that helped define Reddit. These include subreddits "WTF", "funny", and "AskReddit".[100] Reddit rolled out its multireddit feature, the site's biggest change to its front page in years, in 2013.[101] With the multireddits, users see top stories from a collection of subreddits.[101]
In 2015, Reddit enabled embedding, so users could share Reddit content on other sites.[102] In 2016, Reddit began hosting images using a new image uploading tool, a move that shifted away from the uploading service Imgur that had been the de facto service.[103] Users still can upload images to Reddit using Imgur.[103] Reddit's in-house video uploading service for desktop and mobile launched in 2017.[104] Previously, users had to use third-party video uploading services, which Reddit acknowledged was time consuming for users.[104]
Reddit released its "spoiler tags" feature in January 2017.[105] The feature warns users of potential spoilers in posts and pixelates preview images.[105] Reddit unveiled changes to its public front page, called popular, in 2017;[23] the change creates a front page free of potentially adult-oriented content for unregistered users.[23]
In late 2017, Reddit declared it wanted to be a mobile-first site, launching several changes to its apps for iOS and Android.[42] The new features included user-to-user chat, a theater mode for viewing visual content, and mobile tools for the site's moderators. "Mod mode" lets moderators manage content and their subreddits on mobile devices.[42]
Reddit launched its redesigned website in 2018, with its first major visual update in a decade.[18] Development for the new site took more than a year.[18] It was the result of an initiative by Huffman upon returning to Reddit, who said the site's outdated look deterred new users.[18] The new site features a hamburger menu to help users navigate the site, different views, and new fonts to better inform redditors if they are clicking on a Reddit post or an external link.[18] The goal was not only for Reddit to improve its appearance, but also to make it easier to accommodate a new generation of Reddit users.[18] Additionally, Reddit's growth had strained the site's back end;[106] Huffman and Reddit Vice President of Engineering Nick Caldwell told The Wall Street Journal's COI Journal that Reddit needed to leverage artificial intelligence and other modern digital tools.[106]
Logo Reddit's logo consists of a time-traveling alien named Snoo and the company name stylized as "reddit". The alien has an oval head, pom-pom ears, and an antenna.[107] Its colors are black, white, and orange-red.[107] The mascot was created in 2005 while company co-founder Alexis Ohanian was an undergraduate at the University of Virginia.[108] Ohanian doodled the creature while bored in a marketing class.[109] Originally, Ohanian sought to name the mascot S'new, a play on "What's new?", to tie the mascot into Reddit's premise as the "front page of the Internet".[107][109] Eventually, the name Snoo was chosen.[107] In 2011, Ohanian outlined the logo's evolution with a graphic that showcased several early versions, including various spellings of the website name, such as "Reditt".[108]
Snoo is genderless and colorless, so the logo is moldable.[107][110] Over the years, the Reddit logo has frequently changed for holidays and other special events.[108] Many subreddits have a customized Snoo logo to represent the subreddit.[109] Redditors can also submit their own logos, which sometimes appear on the site's front page, or create their own customized versions of Snoo for their communities (or "subreddits").[108][18] When Reddit revamped its website in April 2018, the company imposed several restrictions on how Snoo can be designed: Snoo's head "should always appear blank or neutral", Snoo's eyes are orange-red, and Snoo cannot have fingers.[107] Snoo's purpose is to discover and explore humanity.[107]
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