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Adam Montana

Adam Montana Weekly 3 JANUARY 2018

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Morning all! It’s a great day to be on DinarVets, and a great year to be involved with everything we have in front of us!

 

I want to thank you all for being with us through 2017 and before… it’s been a fun ride. With any luck, 2018 will be the end of our Dinar-specific talks and we’ll be moving on to other exciting ventures, or just blowing our money on umbrella drinks if that’s your thing. ;)  

 

Speaking of new ventures, we have a new section in the VIP forums dedicated specifically to ICOs (Initial Coin Offerings), and I’d like to extend a very warm welcome to the newest member of the TEAM here - @ladyGrace'sDaddy! The enthusiasm our VIP group has for these new opportunities is amazing… and for good reason. 

 

For example, if you’d been paying attention a month ago, maybe you would have invested $100 in XRP… this morning that $100 would be close to $1000. Think that may have paid for your VIP fees? :lol: Get in, get in! The benefits are not slowing down! Here's the join link: http://dinarvets.com/forums/index.php?/store/category/1-vip-membership-packages/

 

Ironically enough, today is the 9th birthday of Bitcoin in a sense - the very first "Bitcoin" was mined 9 years ago today. 5 months later, the first actual bitcoin transaction would take place when on 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. That 10,000 BTC is now worth approximately $151,249,850.00... and some of you are still missing out. Tsk, tsk! 

 

I'm going to get off the crypto subject and move on to dinar, but first - I'm going to attach the original whitepaper that started this whole thing. It's only 8 pages of reading, but some of it is a *little* technical... so if you want the absolute easiest way to get involved with cryptos, that's just one more thing VIP is here for.

 

Here's the whitepaper: Satoshi whitepaper.pdf

 

:tiphat: 

 

On to the Dinar!

 

Going into 2018, perhaps this is a good opportunity to remind everyone WHY we are interested in the Dinar at all... some of our members have been here more than a couple years, and the "wait" can be taxing. If you listen to the "gurus", it is easy to get discouraged by the never-ending string of "tomorrows" and "next Tuesday" predictions. 

 

Forget about all that. Iraq has overcome incredible difficulties, rebuilt a decimated region, solidified a government, and STILL has a majority of the available reserves of OIL. That itself should be enough to give us confidence that even though we don't know *when* the value will go up, it is certainly an undervalued instrument of exchange, and the low price will not stay there forever.

 

Oil is finally on an uptick, which will work in Iraq's favor. (See this thread here for the latest.)

 

In order to take advantage of that momentum, Iraq will need to get moving on HCL. There is no significant news out on the HCL as I write this today, but this is a matter that WILL come to the table, and when it does... snowball effect. :twocents:

 

Coming into the end of the year 2017, we all knew things were going to be slow over the holidays/New Year. Going into 2018, I'm excited to see what pops up... either way, I'm happy HODLing my dinar and waiting for some HCL news. It can't be too far off now!

 

:twothumbs: 

 

 

Member Q's: 


 

Quote

 

TOMINVEGAS  Does an “official “ HCL need to be in place before they can RV or do they have enough agreements etc. in place now?

 

 

 

 

Hey Tom - it's my opinion that HCL first is the most clear path to RV, but... that's also a possible huge investing trigger from outside sources, so it's possible that a significant change in value will be timed to happen simultaneous with an RV in order to prevent mass speculation.

 

The amount of money we little guys have in this is tiny, even counting some of the $ multi million USD investments that I personally know about. But they certainly wouldn't want to instigate more speculation, so I completely expect the change in value to be quick and certain, without any warning.

 

:twocents: 

Quote

 

Iceberg  Happy New Year,

 

  After all of the buzz about bitcoins, do you have an idea of what the next crypto currency would be to invest in??? Also, do you see the current administration stepping in to provide some type of influence to get the RV done; it's been 12-13 years and Iraq seems to be dragging their feet!!! Putting things into perspective for me; bitcoins came out of nowhere, gained value , and paid its investors faster than the IDQ (frustrated rant)!!!!!!!

 

 

I post my opinions on specific cryptos in the crypto section here on DV: http://dinarvets.com/forums/index.php?/forum/61-cryptocurrencies-blockchain-bitcoin-etc/

 

Regarding them "dragging their feet", I care not one iota how long they have been building up to this... all that matters is the direction it's going and the final destination.

 

:twothumbs: 

Quote

 

oregonrealtor  Hey Boss,

Now that I'm involved with Cryptos and anxiously waiting for an RV to really get deep into the crypto craze, I've run into a major problem in that the exchanges out there seem to be so overloaded that they can't seem to process new orders or even get accounts set up (except it seems, Coinbase).  Any chance that in your research you've considered the possibility of creating an "in-house" exchange for us folks here?  Might be full of potential......

 

 

I'd certainly love to, and I have done some preliminary investigations... enough to realize that is far outside the scope of anything I want to tackle. I'll stick to making gains on the outside. :twocents:

 

 

Lsat but not least, you might as well throw your numbers in the weekly DV Lotto pool! I won't be able to get a ticket today, so today might be the day we hit it :lol:

 

 

That's it for now! Have a great day, and a PHENOMENAL year!

 

:tiphat: 

 

- Adam

 

 

 

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Got to love where things are going - Been HODLing Dinar since 2004. Patience is one of my long suits...

 

HAPPY NEW YEAR TO ALL!

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I have been a dinar holder since 2007 and I wish for everyone that 2018 will be a great year for all of us!

More than anything I am excited to one day meet some of you and share stories of our journey with the dinar!

So I wish a very Happy New Year to everyone this 2018

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Good catch on the date Fish. 

I understand the Bitcoin craze and one can look back and see many missed opportunities.  Nevertheless there are a lot of crypto currencies out there and I think there are a lot of issues to be considered before jumping in.  If you can make your money and get out that's great.  At some time I can envision the government figuring out some way to jump in and mess it up.

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17 minutes ago, FishBW22 said:

Did I Miss or sleep thru the 2018 Year..?? LOL.. we are already in December of 2018.. I must of missed the RV ..LOL..

 

Ugh :lol::facepalm:

 

I got the Year right, at least! :lol: Thanks for the post; I fixed it.

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Thanks Adam ! Shout out to your staff, Mods and our news hounds you are all amazing. :D

May 2018 be our happiest year ever !!!  :woot::woot:

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ladyGrace'sDaddy

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  • ladyGrace'sDaddy
1 hour ago, Adam Montana said:

I’d like to extend a very warm welcome to the newest member of the TEAM here - @ladyGrace'sDaddy!

 

Congrat’s LGD - And That Was A Great Strategic Move Adam Since That Lazy A$$ Santa Only Works 1 Day A Year ! :o 

 

:D  :D  :D 

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Adam, Happy New Year and many thanks for an outstanding 2017. Perhaps we have not seen an RV as of today but as you have indicated, Iraq has made huge strides to make the jump to the worlds stage. 

As for the Crypto scene, it has been extremely profitable and looks like the sky’s the limit. I have been riding RIPPLE OR (XRP) since it’s .50 cent mark and would like to thank and acknowledge all the guys and gals up there on the Crypto threads for your input and contributions, it made my migration to Crypto a whole lot easier. 

One thing is certain, the IQD is still held way below its true value and one day we will see that true value come to a reality. I as well have admittedly been frustrated with the progress, bickering, back and forth actions by the Iraq government but, I also know that Iraq is in the rebuilding process and that process will take time, how much is anyone’s guess. I like what is going on and believe that this could be our year for a RV. 

Thanks again and HAPPY NEW YEAR to everyone here in DV :twothumbs:

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1 hour ago, dogsutra said:

Adam,

i set up my crypto wallet per your link. pm me on how to transfer funds.

thanks

dog

 

Please go here: http://dinarvets.com/forums/index.php?/forum/61-cryptocurrencies-blockchain-bitcoin-etc/

 

1 hour ago, Wiljor said:

Adam, Happy New Year and many thanks for an outstanding 2017. Perhaps we have not seen an RV as of today but as you have indicated, Iraq has made huge strides to make the jump to the worlds stage. 

As for the Crypto scene, it has been extremely profitable and looks like the sky’s the limit. I have been riding RIPPLE OR (XRP) since it’s .50 cent mark and would like to thank and acknowledge all the guys and gals up there on the Crypto threads for your input and contributions, it made my migration to Crypto a whole lot easier. ..

 

Congrats on the profits! Let's keep 'er movin!

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Sandfly Adam...always good to hear from you Adam!  I even ventured into the shallow end of the Cyrto Currency pool (thanks to some help from Santa Claus...who knew he was multi tasking!!!).:lol: Looking forward to payouts on multiple fronts now! ;) Btw...Happy/Prosperous New Year to all the DV gang!!! :tiphat:

Edited by RodandStaff
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So, I got into the cryptos, finally, after a lot of prodding (Cheers Adam) and getting bored shiztless waiting on the dinar to pop. Long story short, I started light with $100 to play around with in Coinbase to get used to the software, then I added another $150 for shitzngiggles.  I then transferred that ETHereum coin fraction from Coinbase to Bittrex and bought Ripple and ADA. So, in just a couple of weeks, I have hit $653 from the initial $250, which is a crazy return. I am also setting up a GDAX account, which appears to be a side door into Coinbase--buying/depositing in GDAX reduces the 'buy' commission on USD$ deposits from around 4% to a fraction of a percent on the 'trade.' So, there are ways to work around some of those bigger commissions.

Like all good investments, that initial $250 might find itself somewhere else and I will ride the profits, but I am kind of dazzled with the way things are going just now. So, I am looking forward to following the news here on the ICOs and exploring this new world of blockchains for blockheads, like myself. ;)

Cheers to all the folks sharing their knowledge on the site. It has made investing fun, again, and I am getting closer to covering the costs of VIP, OSI, Name Reserve, etc. So, truth in advertising, there, Mr Montana. Thank you!

Go 2018!  :)

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6 hours ago, Shabibilicious said:

Well done, LGD....well deserved.  :D

 

keepontruckin.png

GO RV, then BV

Thank you my friend.:tiphat:

 

 

 

6 hours ago, boosterbglee said:

Thanks Adam!  I'll be "HODLING" my Dinar at the bank!   Thanks to LGD for volunteering his time!  :pirateship:

:tiphat:

 

 

6 hours ago, DinarThug said:

ladyGrace'sDaddy

  • Senior Member
  • ladyGrace'sDaddy

 

Congrat’s LGD - And That Was A Great Strategic Move Adam Since That Lazy A$$ Santa Only Works 1 Day A Year ! :o 

 

:D  :D  :D 

And everyone loves me for it. :lol:

 

 

5 hours ago, Wiljor said:

Adam, Happy New Year and many thanks for an outstanding 2017. Perhaps we have not seen an RV as of today but as you have indicated, Iraq has made huge strides to make the jump to the worlds stage. 

As for the Crypto scene, it has been extremely profitable and looks like the sky’s the limit. I have been riding RIPPLE OR (XRP) since it’s .50 cent mark and would like to thank and acknowledge all the guys and gals up there on the Crypto threads for your input and contributions, it made my migration to Crypto a whole lot easier. 

One thing is certain, the IQD is still held way below its true value and one day we will see that true value come to a reality. I as well have admittedly been frustrated with the progress, bickering, back and forth actions by the Iraq government but, I also know that Iraq is in the rebuilding process and that process will take time, how much is anyone’s guess. I like what is going on and believe that this could be our year for a RV. 

Thanks again and HAPPY NEW YEAR to everyone here in DV :twothumbs:

 

 

4 hours ago, 1lucdog said:

Thanks Adam and Congratulations Lady Graces Dad! :D

:tiphat:

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Thank you Adam for creating this site and for all the characters who contributes here! Wishing everyone a Happy New Year!

 

I am really enjoying the new crypto section, as I believe most others are who are involved...And then there's Lady Grace's Daddy?!? :o:lol::D

 

If anyone doubts if you can have a second act in your life, Lady Grace Daddy is the poster child! After our government trained him to be a Devil Dog (thank you for your service as a Marine), and then the government unleashed him into the civilian population in an 18-wheeler, to the woman who gave him a family, and now a mod on DV emphasizing on Cryptocurrency especially,  who could ever doubt that the RV is just around the corner?

 

CONGRATULATIONS @ladyGrace'sDaddy on your many successes in life, and now becoming a Mod on DV! (Don't screw it up :lol:

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      image source
       
      See how that all came full circle? Money in, money out, easy peasy. (This will take us to the Budget later.)
       
      (Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.)
       
      We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled.
       
      There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions.
       
      Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures.
       
      With those examples in mind, of course we'd like to see the currency options stop.
       
      And they probably will, at some point. But most likely not until after the RV.
       
      Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change?
       
      Fantastic question! I'll take a stab at it, using examples to make the point.
       
      At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us.
       
      If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!)
       
      If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all.
       
      A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread!
       
      I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes).
       
      That "spread", or "cost", is unavoidable. We are not going to get the full "rate".
       
      Of course, you will get a better rate (money in your pocket) if you're VIP here at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!)
       
      The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message.
       

       
       
      The Iraqi Budget. The Iraqi Budget is important to Iraq because it defines how they spend money - and yes, it's the same money that was mentioned above, which comes mostly from oil sales. The MoF distributes IQD to each department according to the Budget. The Budget allocates resources to specific departments, based on a percentage of revenue or a fixed amount, and the individual departments spend their portion accordingly - just like giving your kid an allowance.
       
      A Budget works the same way in most places, and Iraq is no different. Politicians lobby for their departments, asking for more money always, and this is why a "tripartisan" government is so important and mentioned so much in the current Prime Minister debacle. If a Prime Minister came in and seated all members of one political group, it would be like the US having only Democrats or only Republicans in power. The reason we hear about the Iraqi Budget so much is simple - they are all fighting for money. (Or power, but it's really the same thing.)
       
      The reasons I say the Iraqi Budget doesn't matter are pretty simple. You've made it this far, stick with me just a little further!
       
      1.  Whether a specific Department (Defense, Education, etc) is on the Iraqi Budget for a percentage or a fixed money amount, there is a dollar/dinar amount that can be assigned to it based on the current price of oil x demand for oil = projected income / department allocation = $ for Department. This is a simple calculation that can be done in 2 minutes on a 1 page presentation. It's literally 2nd grade math.
       
      2. Regardless of any rate change, that dollar amount can be estimated and stay the same with a simple Amendment. Imagine a late night Parliament meeting - called at the last minute after 8PM one night, emergency, mandatory! One item on the agenda - doors are locked, cell phones left outside - the ONE ITEM is this: We are going to raise the rate at midnight provided everyone signs this Budget Amendment.
       
      The Budget Amendment, in this case, states that the previous passed Budget is fixed at the old rate and all Departments receive an immediate 10% bonus due to the CBI exchange rate adjustment. The rest of the money that becomes available is held in reserve until further modification of the Budget... EVERY SINGLE POLITICIAN is a hero and has almost unlimited job security at that point.
       
      Not one of them loses. It's the biggest slam dunk in Parliament history.
       
      Of course they wouldn't magically start to get along, but that's an offer even that bunch of hooligans couldn't screw up.
       
      OR:
       
      3. Bypass the late night meeting and just pass a Presidential declaration stating the same. It accomplishes the same thing, and by the time anyone could complain, the rate would have been in effect long enough that it wouldn't matter. The President knows this. The CBI knows it. You know it. I know it.
       
      The bottom line here? It doesn't matter what the Budget says, because all the Budget really does is allocate money to departments. The rate, based on the global fiat currency exchange program, controls how many wing dings and knick knacks they can buy with their money because of it's international status... but the Department of Wing Dings is still going to have $X of the Budget, the Department of Knick Knacks still has $X, regardless of the rate, and that's the way it works. Fiat currency isn't an "Iraq" thing - it's a WORLD thing. OIL isn't an Iraq thing. Budgets aren't an Iraq thing. Currency manipulation isn't an Iraq thing. NONE of this is unique to Iraq - all of this is "business as usual", and when Iraq changes their rate, that's what it is - business as usual.
       
      Conclusion:
       
      There are plenty of good reasons for intelligent people to discuss the Budget and the Auctions. It's important that Iraq continue to be successful in the Auctions, pass their Budget, and continue doing business. While the world demands OIL, those who have it will always have credit. Iraq has proven itself capable of utilizing Auctions as a form of monetary control, and I don't believe their Auctions or Budget are a hindrance to increasing the value of the Dinar.
       
      In fact, it looks quite the opposite. And on that note, I say...
       
       
      GOOOOO RRRRVVVVV!!!!!
       

       
    • By Adam Montana
      Hey hey DinarVets!
       
      I was out yesterday and most of the day before with a bit of a bug - I didn't die, so I assume it's not Corona.
       
      Or maybe it was, and I beat it. Wouldn't surprise me.  
       
      This is just going to be a brief post for today. I spent the weekend (before I was attacked by that bug) working on a deep-dive post regarding Iraq's Budget and CBI Auctions. I'll get that posted by tomorrow morning.  
       
      To the present moment... we are looking at one of the craziest times in world news that we have ever seen.
       
      We may not have an actual health emergency on our hands - the plain old flu is more dangerous to the population, strictly by the numbers - but we certainly do have a financial crisis on our hands. The world, and the world markets, are treating the Corona Virus as if it were a full blown pandemic - so, whether it deserves to be treated that way or not - that's what we are dealing with.
       
      OIL is down to about $30. BTC leapt off the cliff and plummeted to $6000, wiping out all the recent gains. Stocks... don't even get me started on the markets, I'm just thankful @Pitcher has been willing to share thoughts over the last few updates! It hasn't been pretty.
       
      Iraq is vulnerable to all of these things, just like the rest of the world - and on top of that, they are dealing with a Prime Minister issue. 
       
      In spite of all that... guess who's not going anywhere?
       
      Iraq, you, and me. We aren't going anywhere.
       
      Especially not in public without some kind of contraption on our faces  
       
      I'm really short on time today, so I'm going to get this posted for now.
       
      Stay tuned for the update on the Auctions and the Budget - I just need to proof it once more and it will be up.  
       
      OSI members, I'm a day behind regarding that last notice we were discussing. I'll be following up on that one shortly as well. Thanks for your patience!
       
      Talk soon!
       

       
      - Adam
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