HQ UPDATE 1/13/2020

Good afternoon folks! Well the HITS are coming in like crazy now! Not happy about it but it confirms the work the team is doing is  target. The volcano in the Philippines, the Iraq missile strike, the team is quite dialed into the coming of future events. 

Dick on YouTube

Dick has had some great commentary on our YouTube channel, the IRS is asking this very ambiguous question on this years 1040. "At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?"

Notice the lack of definition of what "virtual currency" means. 

And cryptos appear to be headed into asset categories: crypto-currencies, crypto-commodities, and crypto-securities.

A breakdown of how each term is defined in the bill is listed below:

Crypto-Commodity

In the description of a crypto-commodity, the definition is economic goods or services that a) has full or substantial fungibility, b) the markets treat with no regard for who produced the goods or services, and c) rests on a blockchain or decentralized cryptographic ledger.

Crypto-Currency

Crypto-currency is defined as representations of United States currency or synthetic derivatives resting on a blockchain or decentralized cryptographic ledger. The types that are included in this definition are:

(1) such representations or synthetic derivatives that are reserve-backed digital assets that are fully collateralized in a correspondent banking account, such as stablecoins.

(2) synthetic derivatives that are determined by decentralized oracles or smart contracts; and collateralized by crypto-commodities, other crypto-currencies, or crypto-securities.

Crypto-Security

Crypto-security means all debt, equity, and derivative instruments that rest on a blockchain or decentralized cryptographic ledger, with an exception. For a synthetic derivative that is operated and registered with the Department of the Treasury as a money services business and is operated in compliance with all Bank Secrecy Act and all other Federal anti-money laundering, anti-terrorism, and screening requirements of the Office of Foreign Assets Control and the Financial Crimes Enforcement Network.

This is a very great thing for cryptos since it brings legitimacy to the market. As soon as they've figured out how to tax it then they will let it run. 

Sunday Special - Reverse Speech

I hope you all enjoyed our Sunday Special, we are putting some new things into the mix including reverse speech analysis from Edward Riordan. Pretty interesting. If you would like something looked at please send the segment of the video which we can download from YouTube or Vimeo, etc... Limited to 15 minutes or less. We plan to do a whole host of videos, with the current cast of characters like Slick Billy, Obama, Jr Bushy, LeGarde, the list goes on and on. Let's see if the revers matches the talk. 

This Week's Featured Crypto Target - Ya'll Asked for It! 

Since we've been focusing on the DeFi Network, we wanted to know more about some of the existing big players in the market, where do they fit in? Will they compete or compliment the crypto ecosystem. So we are looking at none other than XRP.  Everyone has been asking for it so you're going to really be intrigued by this weeks session. To start off the new year we are going to give everyone access to this important target. We found out a whole new set of information on where this crypto is headed and where it already is...

 WooWoo Target

The final target was issued for the woo woo target and now let's what cam back from the team. WE should have it ready for beginning of February with a full documentary production just like we did with the Grand Canyon Target. 

Please keep in mind folks we really try very hard to respond to EVERYONE but in the event we don't please understand that we are all working full time on this and regular jobs to make this platform a success. We thank you.

Edd@HQ