Sovereignty eroded: Wiki cables show both Labor and Coalition culpable in Assange persecution – Michael West News

Justice Brereton has just handed down his report into war crimes allegedly committed in Afghanistan by Australias SAS soldiers. Crimes that may not have seen the light of day without the work of journalists.

Prime Minister Scott Morrison says the report is disturbing and distressing; that the war crime allegations must be dealt with by the justice system; that any prosecutions must adhere to the presumption of innocence.

Morrison fails to recognise the role of journalists in revealing the killings, and instead warns against trial by media. And the journalist who first revealed evidence of war crimes in Afghanistan, Julian Assange, should, according to Morrison, be left to face the music. Assange is fighting what is seen as a largely political US extradition request that could see him jailed for 175 years yet Australia has done little to help.

A country that will not fight for its citizens when facing a hugely questionable prosecution erodes its own sovereign rights.

Through Assange and Wikileaks we have learnt much about the relationship between the US and Australia and its security agreement, the ANZUS treaty. But it is the Australian governments treatment of Assange that reveals more than a library of leaked documents could ever do about how power is exercised in this relationship.

The lies were obvious from the beginning. In 2010, when Assange, working with the Guardian newspaper in the UK, began publishing reports from the Cablegate cache of leaked documents, the Iraq War Logs, and the Afghan War Diary. The US government immediately complained that the revelations put lives at risk.

But that was all part of a ploy:

A congressional official said the administration felt compelled to say publicly that the revelations had seriously damaged American interests to bolster legal efforts to shut down the WikiLeaks website and bring charges against the leakers.

In truth, internal US government reviews had determined that the leaks had caused only limited damage to US interests abroad.

Yet, in lock-step with the US administration, the then Australian prime minister Julia Gillard echoed the White Houses public statements by declaring that Assange had broken the law.

I absolutely condemn the placement of this information on the WikiLeaks website. It is a grossly irresponsible thing to do and an illegal thing to do.

In fact it was nothing of the sort. A Federal Police investigation found that Assange had broken no laws. Yet Gillard did not retract her allegation. The Government went further, giving several organisations, including the Australian Security Intelligence Organisation (ASIO), greater powers and widened the area of activities deemed illegal to include strategic and diplomatic relations.

The then attorney-general, Senator Robert McClelland, weighed in saying that Australian authorities would do all they could to help the US investigation into WikiLeaks. Without revealing what advice he was basing his decision on, McClelland even threatened to revoke Assanges Australian passport.

The only government voice providing any support was foreign minister Kevin Rudd, who had taken Gillard and McClelland to task when they had attacked Assanges activities. Rudd declared the need to recognise the principle that Assange was innocent before proven guilty. He also told the attorney-general he did not have the power to revoke Assanges passport.

It is possible Gillard thought being pro-American would play well with the public. It didnt. Assanges biggest support base is in Australia, where opinion polls said that 60% of the people agreed with the work he had done. More surprising was the support he received from news outlets.

In an unprecedented move, representatives from all the major outlets bar The Australiansigned a letter criticising Gillard:

To aggressively attempt to shut WikiLeaks down, to threaten to prosecute those who publish official leaks, and to pressure companies to cease doing commercial business with WikiLeaks, is a serious threat to democracy, which relies on a free and fearless press.

When GetUp! launched a campaign, thousands filled the streets in Sydney and Melbourne. Assange told the crowd by video: It is interesting how some politicians single out my staff and myself for attack while saying nothing about the slaughter of thousands by the US military or other dictatorships. It is cowardly to bully a small media organisation, but that is what is happening.

Clearly the government thought it was a price worth paying for what it believed was its special relationship with Washington. In the final days of a wet Australian spring in 2011, then US president Barack Obama landed in Canberra to address the Australian Parliament.

It was the 60th anniversary of the founding document of the ANZUS treaty. Obamas presence produced what were described as scenes of nauseating adoration from politicians of both the major parties. When he addressed parliament, Obama spoke eloquently of the rule of law, transparent institutions and equal administration of justice.

However, it was becoming increasingly obvious that when it came to Assange the US and Australian governments were playing by other rules. Assange was receiving only minimum consular support from the Australian High Commission in London.

His political support came almost exclusively from the Greens. Scott Ludlam told the Senate that Assange was recognised as a journalist by the High Court in the UK. WikiLeaks was a publisher, and Assange had broken no law, just as the people who put his material on the front page of The Age and the New York Times have broken no law.

In the US public calls were made for Assanges execution as an enemy combatant. Joe Biden called him a high-tech terrorist. In any other case involving an Australian citizen, its hard to believe there wouldnt have been an outcry from Australias leaders. Drug runners had received more sympathetic treatment. There was little defence of Assange and he was fast becoming a man without a country.

Gillards role has often been reported through the prism of Australias grovelling support of America, fearful of confronting its powerful ally.

But she also had a personal issue with Assange, and a score to settle: the release of the Cablegate documents, which later so embarrassed her and unmasked the ALP plotters who had planned the coup against then prime minister Rudd.

One leaked US cable reported:

Don Farrell, the right-wing union powerbroker from South Australia, told us Gillard is campaigning for the leadership and at this point is the front-runner to succeed Rudd.

The US Embassy in Canberra also reported that the PMs brother Greg [Rudd] told us that Rudd wants to ensure that there are viable alternatives to Gillard within the Labor Party to forestall a challenge. The cable added that protected source Senator Mark Arbib (another Labor powerbroker) once told us a similar story.

Even though the cables were published well after Gillard made her attack on Assange, the US had provided well in advance full knowledge of the contents, because the US very early on had determined which cables Chelsea Manning had leaked.

Yet it was more than Gillard and McClellands behaviour that highlighted the federal governments hostile attitude towards Assange and WikiLeaks.

The government repeatedly delayed responding to Freedom of Information (FoI) requests, and the then foreign minister Bob Carr skirted the question when asked whether Assange was a journalist, undercutting his primary defence.

Carr also referred to the amorality of WikiLeaks revelations but did not elaborate. It was a strange comment from a foreign minister whose job it is to represent Australian citizens in trouble overseas, although he has since spoken out against Assanges extradition to the US.

Australia now a surveillance state with journalists as Persons of Interest under ASIO Act

The limited information released under the FoI Act revealed that instead of seeking assurances that Assange would be treated fairly if he were ever extradited to the US, the Australian Embassy in Washington was more focused on the possible political fallout in Canberra. The embassy was in fact seeking advance warning, a heads up, of when any action against Assange or WikiLeaks may take place.

For Assange, the final evidence that he had been abandoned came when Nicola Roxon, McClellands replacement as attorney general, wrote to Assanges lawyers just before he sought asylum in Londons Ecuadorean Embassy, saying:

Australia would not expect to be a party to any extradition discussions that may take place between the United States and the United Kingdom or the United States and Sweden, as extradition is a matter of bilateral law enforcement co-operation.

In other words, the Australian government had abrogated its responsibility to defend one of its citizens.

What is more difficult to understand is the indifference to Assanges plight often shown by other journalists, including from The Age, The Sydney Morning Herald, The Guardian and the ABC, who are just as vulnerable to extradition to the US for what they have published from the WikiLeaks documents. Many remain silent or give only half-hearted support.

Others have argued a line straight out of the US State Department that Assange is not a journalist at all, thus stripping him of his best defence and putting other journalists at risk.

It would be comforting to think they are simply misguided, but the military intelligence establishment has always found willing recruits in the media, and now is almost certainly no different.

This edited extract is reproduced from A Secret Australia: Revealed by the WikiLeaks Exposs, edited by Felicity Ruby and Peter Cronau, Monash University Publishing, December 2020.

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Sovereignty eroded: Wiki cables show both Labor and Coalition culpable in Assange persecution - Michael West News

Julian Assange’s father to speak at 3 Northern Rivers towns – Tweed Daily News

JULIAN Assanges father, John Shipton, will visit Nimbin, Byron Bay and Mullumbimby this month, to discuss his sons situation.

He said coming to the Northern Rivers was like coming home to visit extended family.

The Australian man said each time he visits the area he connects with long-term friends and former schoolmates from his time at boarding school in Bathurst, plus other local acquaintances.

He confirmed Mr Assange went to school in different places in Northern NSW with his mother Christine Ann Hawkins, a visual artist, who still lives in the area.

Mr Shipton recently returned from his sons extradition hearing at the Old Bailey in London.

The Australian activist and builder has called for the Australian government to support his son and bring him to Australia.

Mr Shipton said he was trying to put pressure on the Australian Government to help his son.

It is a task we take on, fighting to bring our speaker of truth home to family and friends. We appeal for your help to Bring Julian Home, he said.

Julian Assange, is an Australian editor, publisher, and activist who founded WikiLeaks in 2006.

WikiLeaks came to international attention in 2010 when it published a series of leaks provided by U.S. Army intelligence analyst Chelsea Manning.

In November 2010, Sweden issued an international arrest warrant for Assange over allegations of sexual assault. Assange said the allegations were a pretext for him to be extradited from Sweden to the United States and took refuge in the Embassy of Ecuador in London in June 2012.

On April 11, 2019, Assanges asylum was withdrawn and he was arrested. He was found guilty of breaching the Bail Act and sentenced to 50 weeks in prison.

Assange is currently incarcerated in HM Prison Belmarsh.

On May 2, 2019, hearings began into the US governments request to extradite him. A decision on extradition is expected on January 4, 2021.

Mr Shipton will speak at the Nimbin Town Hall, 45 Cullen St, Nimbin, on December 8, from 7pm.

He will then appear at the Mullumbimby Civic Hall, 55 Dalley St, Mullumbimby, on December 11 from 7pm, and finally at Marvell Hall, 37 Marvell St, Byron Bay, on December 13 from 7pm.

Mr Shipton said entry to the events was free.

If too many people come along, well speak outside, he said.

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Julian Assange's father to speak at 3 Northern Rivers towns - Tweed Daily News

Crikey Worm: The meme tweets of China – Crikey

Good morning, early birds. Chinese foreign ministry spokesperson Hua Chunying last night knocked back calls for China to apologise over a controversial tweet, and South Australia lifted a series of COVID-19 measures overnight. It's the news you need to know, with Chris Woods.

Chinese foreign ministry spokesperson Hua Chunying last night knocked back calls to apologise over a graphic, photoshopped image shared by spokesperson and deputy director general for the ministrys information department, Zhao Lijian, in response to the Brereton report.

While Scott Morrison called for an apology over the repugnant, falsified image of an Australian soldier holding a knife to the throat of an Afghan child, the ABC reports that Hua instead called for Australia to apologise to the people of Afghanistan.

Three pieces of context to note as this story presumably continues today:

PS: Morrison also acknowledged that there are undoubtedly tensions between the two countries in a likely reference to China slapping Treasury Wine Estates with a 169% tariff; as Crikey explained yesterday, that measure follows similar, recent examples of Australia deploying anti-dumping laws against China i.e. BlueScopes benefiting from tariffs on steel imports in Australia and the US.

According to 9News, South Australia lifted a series of COVID-19 measures overnight, including reopening the Victorian border, allowing stand-up drinking in pubs, and removal of patron caps on businesses.

The measures come after the state recorded no new cases yesterday, although authorities continue to urge anyone on SAHealths contact tracing list to be tested.

As the ABC explains, the news also comes after SAs chief public health officer Nicola Spurrier apologised to a 30-year-old infected man falsely accused of breaching quarantine; while still potentially contagious at the times he visited local shops, the man was only listed as a close contact of a COVID-19 patient, and had no obligation to remain in quarantine after initially testing negative.

PS: In other COVID-19 news, The Guardian reports that Moderna has announced that final trial results of its vaccine showed 94% efficacy and no severe diseases among participants, meaning the company will now follow Pfizer/BioNTech in seeking emergency approval from international regulators.

According to The Australian ($), the Morrison government is finalising industrial relations reforms that would see employers pay a single, higher rate to retail, hospitality and restaurant workers, and that the Fair Work Commission would be required to approve enterprise agreements within 21 days.

Employer and union sources speaking to the paper after months of roundtable discussions also say the government is proposing to create life of project agreements, where the same wage and conditions apply for the construction lifeline of new major projects worth more than $500 million or projects of lesser value deemed to be of national and/or employment significance.

President-elect Joe Bidens transition team has released a list of seven women for key communications positions, including his long-time communications director Kate Bedingfield taking on the same mantle at the White House.

While the team was keen to emphasise that, for the first time in history, these communications roles will be filled entirely by women, rumoured picks for cabinet positions confirm Bidens commitment to centrist Democrats with conservative histories.

Notably, NPR reports that Biden recently tapped the president of Clinton-aligned think tank the Center for American Progress president, Neera Tanden, as the head of the White House Office of Management and Budget.

Tanden, as The Daily Poster explains, is a long time aide to Hillary Clinton who pushed CAPs 2010 proposal to reduce social security benefits in 2012 as Biden advocated for the deficit measures under the Obama administration. Emails leaked between Tanden and Faiz Shakir, a journalist at CAPs media outlet arm, also revealed she advocated for asking Libyans to use oil revenues to pay the US back for bombings in the country.

Additionally, Axios reports that Biden is strongly considering Rahm Emanuel to run the Department of Transportation, despite allegations that the former mayors work to suppress body camera footage of a Chicago cop murdering a Black teenager constituted a cover-up.

Australia has welcomed migrants from China for more than 200 years and Australians of Chinese background have added immensely to our nation.

Alan Tudge

In a day filled with dubious claims and horrific images, at least we have the acting immigration minister publicly forgetting and/or just flat-out forgetting the White Australia policy.

Australias trade agreement with China its not a free trade agreement (FTA), despite Coalition claims to the contrary was borne of Tony Abbotts desperation to appear to have an economic policy.

Having been elected on the basis of all the things hed stop boats, climate action, deficits he turned to free trade agreements with a number of regional countries as a facade of a positive economic policy.

The hypocrite of the year award is heating up with a tight race between billionaires Bruce Gordon and Andrew Twiggy Forrest, NSW Premier Gladys Berejiklian, and the entire Chinese and Russian governments.

Lets take a look at the nominees.

Australias popular media particularly television has been a willing follower of the Liberal governments long campaign to Americanise Australian attitudes to the military. Theres been a deliberate PR strategy to turn the Australian military in part into a secular saint of Australian values and in part a tool to provide an apolitical shield for the governments most political acts.

A Defence chopper sparked Canberras Namadgi bushfire, but its crew didnt tell authorities the location for 45 minutes

Rent still too costly for Aussies on Newstart, despite JobSeeker payments

Bushfires toll on platypuses prompts protection alarm call

Morrison governments updated Covidsafe app unlikely to improve results, experts say

LNP brass facing a grassroots revolt after Queensland election flop ($)

Victorias hotel quarantine system to resume under a new agency run by Corrections Commissioner Emma Cassar

Disgraceful Gobbo condemned but may be out of reach of justice

Australian coal exports face perfect storm as China restrictions hit

Three-quarters of Australians back target of net zero by 2030, Guardian Essential poll shows

AACTA awards 2020: Cate Blanchetts Stateless and Shannon Murphys Babyteeth win big

Honour your climate commitments, Australia, signed your Pacific neighbours Anote Tong (The Sydney Morning Herald): On December 12, 2020, leaders from across the world will gather virtually for the annual United Nations Climate Ambition Summit. While the coronavirus pandemic has meant much has changed in the last few months, Pacific demands for action on climate change have not. Indeed, climate change remains the single most pressing security threat to our Blue Pacific region.

Cold War lessons for countering Chinese threat ($) Paul Dibb (The Australian): It has become fashionable to claim the Cold War was nowhere near as dangerous as the situation we face with China. It is true that todays China poses a much more multifaceted economic and domestic political challenge to Australia than the Soviet Union did. However, it is not true that we are in a second cold war with a military threat from China comparable to that of the Soviet Union.

Mark Lathams bill seeks to ensure trans and queer children remain in the closet Liz Duck-Chong (The Guardian): The research on this is clear gender diverse young people exist, and their genders are not able to be suppressed, converted or reprogrammed. They struggle when their identities and lives are disparaged or not taken seriously, and flourish when they are affirmed and respected. However, the true danger of a bill like this is not in its dismissal of the science, but how it positions its concept of core values and parental primacy as neutral, instead of what they really are: ideological.

Canberra

Australian of the Year 2020 James Muecke will present Silent no more at the National Press Club.

Jennifer Robinson, a barrister, and a member of the legal team acting for Julian Assange and WikiLeaks since 2010, and Peter Cronau an investigative journalist, Four Corners producer, and co-editor of new book A Secret Australia,will discuss the anthology and WikiLeaks impact in Australia Institute webinar Webinar: A Secret Australia Revealed By Wikileaks Exposs.

Melbourne

Budget estimates will begin for the 2020/21 Victorian budget, while the Parliament of Victorias Public Accounts and Estimates Committee will hold its third round of hearings for the COVID-19 inquiry.

This extraordinary year is almost at an end. But we know that time waits for no one, and we wont either. This is the time to get on board with Crikey.

For a limited time only, choose what you pay for a year of Crikey.

Save up to 50% or dig deeper so we can dig deeper.

See you in 2021.

Peter FrayEditor-in-chief of Crikey

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Crikey Worm: The meme tweets of China - Crikey

Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’ | Markets and Prices – Bitcoin News

Following bitcoins sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this is the second-highest traded volumes figure ever recorded.

Prior to the bears taking over, BTC had gone on an extended bull run and during the run up, many analysts predicted the digital asset would at least breach the $20,000 mark. However, at the time of writing, BTC appears to have stabilized after bottoming out at $16,218.

In keeping with the practice of issuing bullish statements when BTC is on a bull run, some analysts insisted that BTC would end the year above $20,000. Still, even after the latest crash, some remain adamant that the $19,500 resistance level will be breached and they back their predictions with data. For instance, the findings from a study carried out by a Swiss financial institution, SEBA says that current wallet holdings suggest large holders are unperturbed by the sell-off.

Also agreeing with the SEBA findings is Mati Greenspan, the founder of Quantum Economics who tweets that the 17% pullback is rather tame at this stage of the cycle. When one Twitter user asks if a further drop is expected, Greenspan responds my guess is weve already seen the worst of it.

However, not everyone agrees with the assessment that the large drop is actually a long-overdue correction. Instead, some bitcoiners on Twitter say rumors that the U.S. Treasury Secretary Steve Mnuchin is planning to change rules governing the use of noncustodial wallets might have triggered the large drop on November 26. Without giving away much, Ryan Selkis the founder at Messari tweeted I survived the Mnuchin crash of 2020.

However, Kyle Samani, the managing partner at Multicoin thinks the Mnuchin rumors have no effect on the current BTC bull run. He argues:

(The) next wave of buyers macro buyers want regulation For them, 21M cap is a feature, and censorship resistance is (kind of) a bug They dont want self custody. Just inflation hedge.

Still, others believe the resumption of withdrawals on the Asia crypto exchange Okex might have caused the drop. Okex froze withdrawals after one of the exchanges private key holder was reportedly taken in custody. While there is no consensus on what caused the drop, many bitcoiners appear to agree that BTC might not be returning to $10,000.

For instance, the SEBA findings say $16,200 is the new support price for BTC while the resistance is $19,500. Prior to the Thursday drop, Mike Novogratz of Galaxy Digital opined that BTC prices are not going to fall below $12,000 in the current cycle.

Do you think BTC will go past $20,000 this year? Share your views in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Twitter,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Veteran Analyst Says BTC Might See Further Correction but 'Prices Have Not Topped' | Markets and Prices - Bitcoin News

OKEx Sees Biggest Bitcoin Outflow in 8 Months After Resuming Withdrawals – CoinDesk – CoinDesk

Update (11:10 UTC, Nov. 27, 2020): OKEx saw a total outflow of 24,631 bitcoin on Thursday, according to CryptoQuant, the largest amount since the March markets crash.

Cryptocurrency exchange OKEx recorded a major bitcoin outflow just minutes after it lifted a five-week-long withdrawal suspension at 08:00 UTC Thursday.

About 2,822 BTC was moved from OKEx in block number 658,728 mined at 08:12 UTC. Thats the biggest single-block outflow since May 2019, according to blockchain analytics firm CryptoQuant.

Of the 2,822 coins withdrawn, 456 were transferred to cryptocurrency exchange Binance and more than 400 were moved to other exchanges. Meanwhile, 54 accounts or addresses took direct custody of some coins.

OKEx halted withdrawals indefinitely on Oct. 16 after one of the exchanges key holders went out of touch with the exchange because they were held by authorities to assist an investigation.

Some analysts have associated bitcoins recent meteoric rise to 35-month highs above $19,000 with a supply shortage due in part to OKExs suspension of crypto withdrawals. Thats because the price rally began after OKExs decision, dated Oct. 16.

However, many market observers do not see a strong reason to link the latest price rally with OKExs issues. The perfect timing of OKExs suspension and the price rally could be purely coincidental, Ryan Watkins, bitcoin analyst at Messari, told CoinDesk.

Bitcoin plunged nearly $3,000 on Thursday, shortly before OKEx was due to restart withdrawals. Its also not clear if the two events may be linked.

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OKEx Sees Biggest Bitcoin Outflow in 8 Months After Resuming Withdrawals - CoinDesk - CoinDesk

Bitcoin Crash Is Coming, But Bull Run Will Survive, Analysts Say – Decrypt

In brief

It's December 2017: Daddy Yankee's Despacito was worming its way into every ear hole on the planet, and Bitcoin hit its all-time high price, peaking at not-quite $20,000before crashing a month later.

Now its almost December 2020, a different global phenomenon has gripped the planet, and here we are again: Bitcoin today broke past its all-time high. So.... when crash?

I think this time round its different, Simon Peters, an analyst at eToro, told Decrypt. It isnt just the average person on the street buying Bitcoin. Larger institutions, such as pension funds and hedge funds, even listed companies are investing in Bitcoin, he said. Many see it as a a hedge against inflation, said Peters.

This summer alone, MicroStrategy invested $450 million in Bitcoin; Grayscale, Square and PayPal snapped up gajillions of Bitcoin and prominent rich men like Paul Tudor Jones and Stanley Druckenmiller sung its praises.

Plus, said Peters, investors now look like theyre holding onto their Bitcoin: We (eToro) have seen a 66% increase of the number of people holding a bitcoin position on eToro today compared with December 2017 when the price last hit the all-time high, he said.

Thus, said Peters, Bitcoin could continue to climb higher this year. If we maintain the current rise, I think we could see $25,000 by the end of the year. Peters predicts that the price could dip when it reaches $20,000, as sellers cash out their funds, but it will break through shortly thereafter.

This is still Bitcoin we're talking about, said Eric Wall, chief investment officer at crypto investment fund Arcane Assets, tempering Peters excitement. Its volatile by nature, and the market is still also crowded with many traders with a short-term mindset, in parallel to the very real serious capital allocation that's going on, he told Decrypt.

So, what now? As we approach the all-time high for a second time, those weak hands are now shaken out. I think it's likely we're going to crush it this time, he said.

Will it crash? Of course. Bitcoin always crashes, he said. Although the bottom will be much higher up this time.

There are more big players with a fundamentally bullish long-term view on Bitcoin, he said.

Rachid Ajaja, CEO and Founder of AllianceBlock, told Decrypt a similar story. He said that another bust is most certainly on the horizon. He warned against speculation, before telling us that he is convinced that Bitcoin will become a good alternative to gold and a hedge against inflation for emerging markets.

Said Wall: We're not going back to $3k now unless something crazy happens. Like, uh, another wave of the coronavirus pandemic that grinds the global economy to a halt.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Bitcoin Crash Is Coming, But Bull Run Will Survive, Analysts Say - Decrypt

As Bitcoin hits a historic high, should we be worried about WHY there are no graphics cards? – PC Gamer

Anybody who lived through the great GPU cryptocurrency wars of 2017 through 2018, and into 2019, will understand the horror I felt crawling over my weary post Black Friday form as I noted Bitcoin had just hit a historic high and Etherium was once more creeping up towards its old summit. Certainly Nvidia's current or prospective investors have noted it too and are starting to question whether the current graphics card drought, and the green team's huge leap in gaming revenue posted last quarter, are the result of a mining resurgence.

At a recent virtual appearance at the Credit Suisse Annual Technology Conference (via Seeking Alpha), Nvidia's chief financial officer, Collette Kress, was asked "whether or not we should be concerned that some of the strength in the gaming business was Bitcoin crypto related?"

The person asking the question is John Pitzer, managing director of Credit Suisse and technology analyst. He's been "getting asked, with more frequency than I'd have thought," about cryptocurrency with relation to Nvidia and I expect with graphics card technology.

Nvidia's growth last quarter saw its gaming revenue leap by a staggering 37 percent year-on-year and the same level of growth quarter-on-quarter. It claims that's mostly down to the launch of its RTX 30-series GPUs, and the numbers don't lie. It sold cards, and a lot of them by the looks of things.

And yet the general feeling is that stunningly few people have been able to get cards, and the reality is that nobody who wants one right now can buy one. Which is a whole lot like the bad old days of the cryptocurrency boomNvidia and AMD were making a ton of money out of gaming cards, yet gamers couldn't buy them.

Instead large-scale GPU crypto mining outfits were rocking up at the back doors of graphics card manufacturers in China, handing over bundles of cash and loading pallets of cards into the back of trucks.

That hurt investors because eventually the bottom fell out of the crypto market leaving a bunch of stock no-one wanted, a whole load of needlessly expensive used cards, and Nvidia's share price collapsed.

So you can understand why people wanting to pump money into Nvidia, or who already have portfolios with the company, are starting to grow nervous. The GPU landscape looks a lot like the bad old days, and seemingly out of nowhere Bitcoin has rocketed to almost $20,000 per coin, and marked a historic high.

But Bitcoin hasn't really been anything to do with GPU crypto mining for years, not since the difficulty of solving the complex algorithms became so high that mere graphics cards couldn't cope and became an economically non-viable way of getting hold of the virtual currency. Etherium, however, was the big growth ticket. Similar to Bitcoin, in as much as it's another cryptocurrency, it was far better matched to mining on a GPU given its lower difficulty level.

But Etherium too has spiked in terms of its price, going from below $400 per coin to over $600 in just a month. Is this related to the newer, more powerful graphics cards released by Nvidia? Is the reason we haven't been able to buy an Nvidia RTX 3080 down to those nefarious bots buying them all up for cryptocurrency mining?Are we going to be beaten to the punch grabbing an RTX 3060 Ti by some outfit lining up hordes of GPUs in a thrumming warehouse in Iceland?

No, in fact it's kinda the opposite. Etherium has actually started to gain popularity again because it's moving away from the notion of mining coins. Etherium 2.0 is launching, which moves from a Proof of Work consensus (where you use computing power to solve cryptographic puzzles) to a Proof of Stake version. That's a more energy efficient method of keeping the whole Etherium network secure, and isn't going to eat up a whole bunch of our graphics cards.

So, in answer to John Pitzer's question about whether we should be concerned that Nvidia's gain is on the back of a rise in crypto-mining again, the answer is: Nah. Lots of people are just trying to buy next-gen tech right now 'cos we're all sat inside feeling sad and want to spend money on a new PC, laptop, next-gen console, or a new super-shiny graphics card.

Or, as Collette Kress put it: "We have heard some interest from the channel but nobody is aware of any real demand at this time for crypto."

And, moreover, no-one wants crypto mining back.

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As Bitcoin hits a historic high, should we be worried about WHY there are no graphics cards? - PC Gamer

Bitcoin’s Carnivore Cult Is Both Stupid and Correct – CoinDesk – Coindesk

This entire article is Saifedeans fault.

Saifedean Ammous, author of The Bitcoin Standard, kept heaping steak tartare onto my plate at a Bitcoin meetup back in August 2018, in between jokes about liberal plebs.

As the youngest woman in the room, per usual, I wanted acceptance from the Bitcoin clan. Despite nearly a decade of (fickle) vegetarianism, I accepted the authors meat offerings in exchange for an off-the-record interview. I torpedoed questions his way between bites. Ammous told me last week, via direct message, that he couldnt remember if that was his first public steak dinner. But there would be many that followed.

Long before he became a bitcoiner, Ammous was a carnivore.

I was, independently, into low-carb keto, he said, referring to ketogenic diets. These two things started to merge together more and more as people who were interested in Austrian economics became interested in meat and good food.

Over the past decade, bitcoin-themed steak dinners have become a global ritual, hosted by communities from San Francisco to Tokyo. It was the Kraken exchanges Bitcoin evangelist Pierre Rochard who organized most of Ammous steak-and-bitcoin dinners in New York, inviting friends from the Socratic Seminar meetup. This was all pre-COVID, of course. (These days, there are a few outdoor gatherings at beaches and parks.)

I was traveling to the U.S. and Pierre told me to stop by in New York and hed organize a dinner for me. Then 70 people showed up, Ammous said. After that, everyone on Twitter was constantly asking, and demanding, their own steak dinner in their own hometown.

Becoming a Bitcoin-carnivore evangelist

Since then, Ammous organized Bitcoin-themed dinners in more than a dozen cities, including Hong Kong, Amman, Beirut, London, Madrid and Milan. Meanwhile, hundreds of Bitcoin fans routinely post meaty food porn via Twitter and Telegram groups like Citadel Chefs. Like Ammous, they often profess theynaturally found this a hobbyist combination, rather than following a demographic trend. As Crypto Twitter icon @cryptomedici wrote: I dont follow the chad lifestyle, the chad lifestyle follows me.

Ammous is among the most famous carnivore evangelists tweeting hot pics of fatty steaks, his version of thirst traps. In fact, the prolific economist penned a manifesto for grilling steak to beat fiat food, equating empty carb calories with inflationary government-issued money.

The (tongue-in-cheek) narrative says bitcoiners like Ammous will simply avoid the impending collapse of Western civilization by re-inventing feudalism, as lords of private citadel meat-lockers paid for with the worlds hardest money. Loving meat is a part of some bitcoiners shtick, along with hating journalists and socialism. Memes and jokes abound comparing Soy Boy or vegan token fans to hyper-masculine bitcoiners.

Its very masculine to grill. In the Wild West, the cowboys are always seen having this massive steak, nutritionist Lorraine Kearney said in a phone interview. Especially if theyre trying to lift weights and bulk up, its always about eating more protein.

Back in 2018, I told Ammous Id try carnivory, if only to gloat when my body didnt magically transform into a lean, mean hodling machine. To my great dismay, two weeks of a 90% meat diet left me feeling stronger, more energetic and less emotionally volatile than Id ever been. By the third week I stopped craving sweets and my doctor noticed a significant improvement in my health, compared to my last annual physical.

As it turns out, Im hardly the first liberal woman to fall in love with both bitcoin and grilled flesh. To the contrary, author Amber OHearn was one of the most influential authors in the early days of crypto-carnivory. Shes been writing about her keto diet experiments for nearly a decade.

Im off all medications, OHearn said, describing how this diet helped after her bipolar diagnosis. Ive never had symptoms of the mood disorder again.

Like any crypto trend, believers can seem quite fanatic. Zcash co-founder Zooko Wilcox even tweeted that keto diets can help treat cancer. (Wilcox and OHearn were once married, but have since continued their meat evangelism separately.)

On the other hand, Kearney said high amounts of fat can contribute to issues like heart disease. Bitcoin-carnivores often dismiss this warning as fake news by the media-fiat-food-industrial complex, hell-bent on brainwashing the masses. Of course, every citadel-dwelling hero needs a mainstream elite villain to foil his own righteousness. However, the reality of carnivore diets may be more nuanced.

Plant-eaters clap back

Kearney agreed with OHearn, broadly speaking, that high-protein diets can be very healthy and every persons body is different.

The nutritionist said shes known clients who feel amazing after years of only eating animal protein, while others prefer low-carb diets with diverse plants. She added that grass-fed meat has many more nutrients, so results may depend on the quality of the ingredients.

The carnivore diet has been around for a number of years. But the research will take a decade, if not longer, to provide the benefits of such diets, Kearney said. When people remove inflammatory, highly processed foods and introduce a more natural diet, like with meat, theyll see results like a decrease in weight gain and bloating, less fatigue and better gut health.

There may also be some truth to the bitcoiner mantra that established norms were based on inaccurate science. Kearney said the past four decades saw a massive shift among nutritionists.

Some of the products they used to recommend were processed foods it was all about restricting calories, Kearney said. Now its more about focusing on balance and understanding the psychological aspects as well.

There are also plenty of vegan bitcoiners, from Bitcoin Core developer Matt Corrallo to Lightning Labs CEO Elizabeth Stark.

Bitcoin doesnt care what you eat, Stark said in a direct message.

The steak-loving author of Bitcoin: Sovereignty Through Mathematics, Knut Svanholm, agreed with Stark.

I believe that we should probably leave diets out of any Bitcoin discussion, Svanholm said. It tends to be a bit silly and people are semi-religious when it comes to food preferences.

Thanksgiving feasts

Meanwhile, Wilcox and OHearn are among many bitcoin aficionados who ate a predominately meat dinner for Thanksgiving 2020.

I like fatty steak, roast beef, ground beef and bacon more than turkey. And thats even more true on Thanksgiving, which is a celebration of plentitude and togetherness, Wilcox said in a direct message.

For a festive twist on the holiday classics, OHearn combined turkey with a keto-friendly stuffing.

Sausage stuffing with ground pork and pork rinds, to help absorb the fat the way bread does in a stuffing, OHearn said over the phone, describing the menu. I also eat eggs and dairy without having too much of a problem. So for holidays I might have eggnog.

It was OHearn who convinced me that bitcoiners meat fetish isnt primarily the result of loud mens testosterone-induced, Freudian fixations.

There are these ideals about what a woman should be that dissuade women from taking pleasure in their bodies and being physical. Meat is connected to that, OHearn said, contradicting the diets stereotype. Meat is sexy and carnal plus, one of my primary roles as a mother is to nourish my children, inside my body, next through breast-feeding and then preparing their food and nutrients.

Like so many bitcoiners who ate Thanksgiving dinner with their families, OHearn said she was grateful for her healthy family. As for myself, I ate plenty of plants this holiday, despite knowing lean protein makes me feel better than pecan pie. Rather than travel to family, I joined an outdoor gathering of bitcoiners for turkey, my first friendsgiving as part of the clan. I no longer felt like an outsider, nor was I the sole young woman. But I did bring my own ros, because we all know the bitcoin cowboys will only bring beer and whiskey.

It may be precisely because of our differences, instead of despite them, that we were so grateful to gather with diverse friends contributing, in our own ways, to the first open-source, digital money. Especially during the pandemic, were thankful to be a part of an economic shift that just might manage to outlive our BBQ-slathered grills and little stone castles.

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Bitcoin's Carnivore Cult Is Both Stupid and Correct - CoinDesk - Coindesk

Fighting Definancialization: Cryptologic Methods Like Bitcoin Could Protect Wealth From the Great Reset | Featured – Bitcoin News

The Great Reset agenda is trending once again on social media, numerous news outlets, and a variety of online forums. During the last few months, the Great Reset proposal has been pushed worldwide, as it allegedly seeks to create a sustainable economy following the coronavirus pandemic. Meanwhile, a great number of people are skeptical of the reboot proposal, as detractors believe the Great Reset is an assault against capitalism and basic financial liberties.

A myriad of individuals and news organizations have been discussing the Great Reset, a proposal that was first introduced by the World Economic Forum (WEF) and the and WEF director Klaus Schwab. News.Bitcoin.com has published a few editorials about the subject and some of the events that are seemingly pushing the Great Reset closer toward reality. Moreover, our newsdesk also looked at the pushback against the reset movement and why people believe the proposal is a steadfast plan to usher in a new world order.

The topic is still trending heavily on social media and forums as a great number of skeptics are wary of the reboot concept. It is being said that the Covid-19 pandemic and subsequent lockdowns are all part of the reset plan to keep the populace submissive. Great Reset detractors also believe that the proposal is an attack on free-market enterprise, and it is also leveraging climate change fear to push the agenda.

For instance, Breitbart columnist James Delingpole tweeted about the Great Reset after the former Prime Minister of the United Kingdom, Boris Johnson talked about carbon emissions in Colombia. Delingpole said:

You absolutely disgusting imbecile. We want our jobs, our businesses, our economy back not your Great Reset.

Delingpole is not the only columnist speaking out against the Great Reset agenda. Cindy Simpson from the publication, American Thinker, has also been tweeting about the subject with skepticism. After New Mexicos government shut down groceries stores for two weeks, Simpson said: Step by step, weeks to months, the lockdowns are teaching citizens that theyre really just subjects, totally dependent on the statethe perfect, submissive new normal condition to enable the Great Reset.

Meanwhile across Europe, Britain, Canada, the United States, and many other nations Covid-19 lockdowns are ramping up again. U.S. President-elect Joe Biden has been telling the press that he will mandate masks nationwide and his advisor says he plans to enact a six-week Covid-19 lockdown.

Podcaster Aubrey Huff told his 239,000 Twitter followers that the ultimate plan is to forcefully usher in socialism. The plan with this overblown virus [and] tyrannical lockdowns has always been to make small businesses, [and] middle-class families broke, [and] desperate, Huff tweeted. Why? So that they will have no choice but to accept socialism. In response to Huffs Twitter statement, many of his followers discussed the Great Reset.

Basically, the Great Reset consists of a threefold effort that starts with a stakeholder economy, which aims to circumvent economic inequality. The second component is making sure all investments created in this new economy bolster sustainability and equality. Lastly, the third part of the agenda consists of strengthening the Fourth Industrial Revolution. WEF director Klaus Schwab gives insight into this concept by stating:

The third and final priority of a Great Reset agenda is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector.

Of course, anyone who complains that the Great Reset is an assault against the free market and civil liberties is called a conspiracy theorist. For instance, the Wikipedia page that is dedicated to the Great Reset proposal discusses the controversy and immediately calls the theories unfounded.

[The Great Reset] has been criticized for using the pandemic to implement a risky experiment and a petition to stop it gained 80,000 signatures in less than 72 hours, the Wikipedia article says. A baseless conspiracy theory has spread in response, claiming it will be used to bring in socialist and environmental changes and a supposed new world order, the Wikipedia editor adds.

Despite the deflection, many journalists are discussing the theory more regulary and noting that the skeptics conspiracies might be legitimate. For instance, on November 27, the National Review columnist Andrew Stuttaford wrote an editorial about the subject and called it: The Great Reset: If Only It Were Just a Conspiracy.

Stuttaford says that the Great Reset is merely just calling corporatism another name. The author details a great number of corporate partners who are backing the Great Reset proposal such as firms like Deloitte, Apple, Microsoft, Ericsson, Lockheed Martin, IKEA, Facebook, and IBM. Moreover, Stuttaford authored a previous article that describes what corporatism is and how it dodges individualism for the collective.

[Corporatism is a] hydra-headed ideology with origins in the premodern, and a very mixed past sometimes benignly (it influenced the formation of West Germanys social market economy) and sometimes not (it was an important element in pre-war fascist theory), Stuttaford explains. The different forms corporatism has taken make it tricky to define with precision, but they share a common core: the conviction that society should be organized by and for its principal interest groups lets call them stakeholders intermediated by, and ultimately subordinate to, the state. The individual does not get a look in, the National Review contributor added.

Stuttafords column concludes by saying that society has been hearing about this vision for a long time using many variants. Fringes like climate change, stakeholder capitalism, and definancialization have taken the center stage worldwide, and not only in front of the Davos crowd, Stuttaford insists.

Numerous free-market advocates including cryptocurrency proponents believe the Great Reset is an immoral concept and technologies like bitcoin are meant to defend peoples wealth from definancialization. For years now sound economists, libertarians, and free-thinking individuals have warned the masses about the globalist elite pulling dirty tricks.

The original cypherpunks knew, that while the internet was and still is being leveraged for mass surveillance, the world wide web and certain technologies like encryption and digital cash could help bolster privacy and financial liberties. Back in 1988, the software engineer Timothy C. May discussed how technology will help stop totalitarian nation-states and corporate entities from interfering with the sovereign individual. May said:

Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions.

While globalists push their unwanted agendas, in time privacy advocates and crypto-anarchists will create a liquid market for all material, May insisted. And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights in the frontier West, May stressed. So too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire around intellectual property.

What do you think about the theories surrounding the Great Reset proposal and the skeptics who are against it? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Fighting Definancialization: Cryptologic Methods Like Bitcoin Could Protect Wealth From the Great Reset | Featured - Bitcoin News

Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin | News – Bitcoin News

Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to levels seen in March when it crashed to under $4,000. Instead, he asserts that bitcoin prices shouldnt fall below $12,000 in this current cycle.

According to a report, the bitcoin bull says unlike 2017, current evidence supporting bitcoin prices is better than its ever been. Novogratz repeats the now widely accepted view that institutional investors are driving the current bull market. Novogratz explains:

This rally is being driven by institutions slowly getting into this space, high net-worth individuals, hedge funds, real institutions. Bitcoins become a macro-asset.

The participation by these players along with increased regulation should smooth out some of bitcoins volatility.

Novogratz also comments on U.S. President-Elect Joe Bidens pick for the Treasury Secretary post, former Federal Reserve Chairperson, Janet Yellen. The former Federal Reserve Chair has previously said she is not a fan of bitcoin and that it is a highly speculative asset.

Although Yellens possible return as the U.S. Treasury boss has rattled some within the crypto space Novogratz is not overly worried because a lot has changed since she made the comments. Instead, the CEO thinks Yellens general dovishness should be good for hard assets like gold and bitcoin.

Novogratz concludes by sharing his thoughts on altcoins saying:

You can lose 60% of your money in a day. And so fair warning, if youre going to play in those things, do it with small size and know what youre doing.

Meanwhile, not everyone agrees with the narrative that the entry of institutional investors into the crypto market is the only significant factor behind the bitcoin bull-run. Marcus Swanepoel, the CEO Luno exchange says retail volumes have increased in the past few months.

In a Twitter post, Swanepoel writes:

This bitcoin bull run is not just from institutions. Our (retail) volumes in South Africa, Malaysia, Nigeria, and Indonesia all trebled over last month and (are) at all-time highs. Emerging market consumers are voting with their money and theyre ready for a better financial system.

Meanwhile, at the time of writing, bitcoin had dropped from over $19,350 reported on many exchanges to just above the $17,000 handle.

What are your thoughts on Novogratzs belief that BTC will not go below $12,000 in this cycle? Share your views in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin | News - Bitcoin News