As traditional players such as Governments, banks, professional services firms, and healthcare providers enter the blockchain space, it is important to ask what the intentions of these groups are. Have incumbent institutions thought deeply through the implications of funding and spearheading advancement of cryptographically sound, distributed Internet protocols that can prove owners to prove digital ownership, enforce contract law, and facilitate trade between disparate parties? Recent hype and fear driven interest in blockchain technology signals that the aforementioned traditional institutions are, quite simply, taking the Blue Pill.
Each morning, the sun rises. Events in your life happen, and then are forever frozen within time. There is no altering what has happened in the past and shall now sit as had occurred forever. Our memories of the past are abstractions, words to describe events that are immutable. No matter how hard we may have wanted something to turn out differently, it can’t change. The memories that are ours are ours, and our position within the network among other people is constant throughout our lives.
In case you defined, that the spillover affiliate should be assigned to the actual sponsor, Mike from our example will be assigned to John, because John is his sponsor who referred him. If we continue in this example with next affiliates referred by John, we will see, that before adding the next direct affiliate to John, first Mike's tree will be filled. Joe was not added to John's tree, but to Mike's, because Mike had no sub affiliates yet. In similar way was Bill added to Mike's tree. If there is another affiliate referred by John, he will be assigned as John's direct subaffiliate.
Bitcoin has fallen sharply through the December 2019 lows in a trend sequence (wave C) that should be proportional to the first leg down (wave A). This gives an equality target of 3064 which is just below the major low of 2018. We can see the wave C is already mature and should have one last leg down. However, any new low would invalidate our view of a trend higher from the 2018 low and while we could see a large bounce from 3064 it will not go to new highs and will have longer term implications. We will deal w8th these if and when a new low is made.